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Thursday, September 1, 2016

DINAR GURUS UPDATE, 1 SEPT

9-1-2016   Intel Guru ADMINBILL   HERE IT IS THE FIRST OF SEPTEMBER. SOURCES STILL SAYING WE ARE THERE WHILE OTHERS SAYING NOT QUITE. WHAT A ROLLER COASTER.

9-1-2016   Newshound Guru rcookie
    Article:  "Washington reveal the volume of trade with Baghdad during the 2016"   Quote:  "...in terms of trade for the current year it since the beginning of 2016 until the present month of August, the bilateral trade exceeded between the two countries Al2.6 billion dollars," pointing out that "the business of US-led American Chamber of Commerce, which has re-work sector recently he expressed great interest in investing in Iraq in non-oil sectors."  THERE IS A DESIRE AMONG AMERICAN COMPANIES TO INVEST IN IRAQ...$12.6 BILLION...

9-1-2016   Intel Guru Frank26
    If they do have the budget and they do have a 1 to 1 rate and they do enter the fiscal year with that budget...then their physical year, the calendar year of January 1st that is our turn...everything right now with an RI is in-country and the RV is outside of that country...and the RV won’t start until that budget is officially released IMO because it will have the 1 to 1 rate and it won’t be released to Iraq internally until January 1st...it will be visible for the international world in the fiscal sense...the financial sense on November 1st...so let’s see what kind of peek we get. When the budget was established in dinars it was in trillions...but the fact that they are now telling you in billions makes me feel...IMO...that it is in USD and if it is then we have a good chance of it being 1 to 1 with the Iraqi dinar.

9-1-2016   Newshound Guru Adam Montana   [I have been struggling over the issue of the 50K note. Is this detrimental or a good thing with regards to our Investment ? If the Dinar was to RV in a relatively short order, why would they even need it?]  non issue.

9-1-2016   Newshound Guru rcookie   Quote:  "...but now the IMF since December has made it very clear it is 1 to 1...plus...every time an article comes out from the GOI or the CBI or some Financial Committee member it is always 1 to 1."  THE IMF HAS MADE NO SUCH THING VERY CLEAR...AND NEVER....EVER...EVER WOULD...  "EVERY TIME A CBI OR FINANCE COMMITTEE MEMBER SAYS ITS 1 TO 1" ...NOT A SINGLE SOLITARY SOURCE I HAVE READ HAS SAID THAT.  [reference Guru Frank26 post 2 of 3, 8-31-2016]

9-1-2016   Newshound Guru Adam Montana  [Is it true that Iraq's fiscal year starts on October 1st?  And if it does, do you think that makes Oct 1 a more likely date for an RV...?]  I don't see the fiscal year as an "RV Date", actually the opposite - they won't want to give anyone a "clue" as to their plans. 

9-1-2016   Intel Guru SteveI   Article quotes:  "...the meeting Abadi officials Kurds, seen to reach agreement on «hold technical talks between the Federal Ministry of Oil and Mineral Resources in the province on the oil file»."  "...The «approve oil and gas law formula that satisfies all the political parties, would be a positive sign towards the development and construction of state institutions..."  Very nice to see all of this come together.

9-1-2016   Newshound Guru Islandg1211
  Additionally, the Council of Ministers have agreed on a draft for the 2017 Budget, and plan to send it to the Parliament by mid-September. The Amnesty Law was finally passed. Obeidi, the Defense Minister was fired over corruption charges.  Zebari, the Finance Minister may also be fired over corruption charges. The war on corruption is beginning with the passing of laws and the questioning and dismissing of high level officials. Iraq was lost because of corruption and terrorism, and both have to be addressed.     [post 3 of 3]

9-1-2016   Newshound Guru Islandg1211   Resolving the differences between the Kurds and Iraq has been a major hindrance to any meaningful progress for Iraq. The Kurds have always been able to delay laws moving forward within the GOI. The HCL could never be passed nor implemented without an agreement over the Kirkuk oil fields. Retaking Mosul could not have gone forward without an agreement with the Kurds. These two agreements with the Kurds is VERY important and is Real Progress. Finally!  [post 2 of 3.... stay tuned]

9-1-2016   Newshound Guru Islandg1211  We have excellent news!  This agreement with the Kurds over Kirkuk is Very Important! No RV until Article 140 had been resolved. Getting an agreement with the Kurds is extremely important. The meetings between Barzani and Abadi are going very well, with the two most crucial issues being settled. In a press statement, Barzani announced yesterday that an agreement over post-liberation Mosul's government has been reached between Baghdad and Erbil. Today, it was announced that an agreement over Kirkuk's oil was reached between Baghdad and the Kurds. Article 140 has been in contention because the Kurds wanted the Kirkuk oil fields. Today's agreement splits the oil in half and the expenses.  

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