DINARESGURUS.BLOGSPOT.COM_________

Sunday, August 28, 2016

DINAR GURUS UPDATE, 28 AUGUST

8-28-2016   Newshound Guru mike   Article:  "Economist: 2017 investment budget will not be implemented because of the magnitude of the deficit"   Quote:  "It is said that the Prime Minister Haider al-Abadi, said he was determined price of $ 35 per barrel of oil within the 2017 budget, noting that the 2017 budget suffers from a large deficit to a lack of oil imports, compared with a rise of employees and retirees salary cap."   This guy is spot on about the investment side of the budget, its a figment of imagination.  If Iraq pumps 3.5 mbpd at $35 or $40 a barrel, that's only $50 billion annually, that's just enough for payroll.  From what I've read, the IMF is trying to get rid of this kind of stuff but even with that, there's nothing left for infrastructure or government owned enterprises, oil won't cut it anymore.

8-28-2016  Newshound Guru Breitling 
…Iraq has always stated they want to get down to a billion notes…the last report that I’ve seen they were at 4 billion notes.  Since then they have gotten rid of the 50 dinar note.  80 to 85% of their currency is the 25K note.  They are introducing the 50K note and the 100K note…they haven’t done it yet but if they do that is going to allow them to take a certain amount of 25k notes off the market and it’s going to reduce the note count even more.  Pushing forward there is no bad new here.  People are in panic mode cause it’s complete opposite of what they think.  If you strictly go by the numbers the dinar is a phenomenal opportunity, it hasn’t changed.  How many countries are out there saying they’re going to add value to their currency?  There’s only one.  Not only that but they created a checklist on exactly what they need to do to add value to their currency…they said eventually they were going to reduce the note count and they’ve hit every flip’n mark and people are still blind to it!    

8-28-2016   Newshound Guru rcookie
   Article:  "Government Basra suffered projects in front of the World Bank for a loan to be implemented"   Quote:  "...for his part, the regional Director of the World Bank Farid Belhaj the projects that the World Bank has financed prejudice directly in the lives of citizens... THE INT'L AGENCIES ACTING AS A DIRECT LENDING AGENT TO THE PROVINCES FOR DEVELOPMENT PROJECTS...WHICH FACILITATES THE TRANSFER OF POWERS FROM THE CENTRAL TO THE PROVINCES... CUTTING OUT THE CORRUPT MIDDLEMAN...AND IN THE END ASSURING THE FUNDING OF THESE CRITICAL INFRASTRUCTURE PROJECTS GETS TO SOURCE IT WAS INTENDED FOR...GREAT NEWS FOR THEM!

8-28-2016   Newshound Guru rcookie  PARLIAMENT VOTED ON DISSATISFACTION OF ZEBARI ANSWERS TO QUESTIONING AND GOING TO HOLD VOTE ON WITHDRAWAL OF CONFIDENCE NEXT WEEK....SIMILAR TO WHAT OBEIDI JUST WENT THROUGH...THE KURD DELEGATION OBJECTED TO THE MEETING AND A FISTFIGHT BETWEEN ATTORNEY HAITHAM JABOURI & KURD DELEGATES BROKE BEFORE THE KURDS WALKED OUT OF THE SESSION...PARLIAMENT SESSION LIFTED UNTIL MONDAY...
 
8-28-2016   Newshound Guru firefly   Vietnam announced on Bloomberg twice now that they are revaluing their currency! Now why would they announce that if their was no plans?  I saw it with my own eyes.  Kinda shocked me actually that they would make that announcement.  I have no idea about the rate just the announcement...remember pre war their currency was valued at 2.22.   [when did they announce this... recently?]  Pretty much the same time Iraq started talking openly about it.  Press Release:  Vietnam: 2016 Article IV Consultation- Press Release; Staff Report; and Statement by the Executive Director for Vietnam   Quote:  "A new government took office in 2016 with a commitment to reforms that, if implemented, would place Vietnam in a sound position to achieve its ambitious development goals."

No comments:

Post a Comment

Note: Only a member of this blog may post a comment.