Friday, February 24, 2017


2-24-2017   Newshound Guru Kaperoni   Article:  "Abadi Votal discuss the battle of Mosul and international support for Iraq"   I don't expect the CBI to "flip" a switch the day after liberalization of Mosul.  It will take some time to stabilize the area and begin the clean up, return citizens to their homes etc.  So we could be waiting a few months after before the CBI decides to begin currency reform.  Especially with the spread still not close to 2%.

2-24-2017   Newshound Guru Aggiedad77 
  Article:  "After Mosul: Certainties and Uncertainties"   ...the US position in Iraq post DAASH is becoming clearer by the day IMO...Keep the peace between the various political factions...build those bases and staff them to further kick some DAASH butt in nearby Syria...and don't lose sight of that GIGANTIC pool of oil...we may not own it...but we want first dibs to it...Plus have Iraq stepping out on the world stage for the first time....being the ones who get to introduce her to the world...oh buddy...good times are coming...because....the BEST is coming...I'm looking to Sunday maybe into Monday to be quite interesting.

2-24-2017   Intel Guru Bruce 
  My understanding is that President Trump is actually doing everything in his power which is substantial as we know to move this thing through and get it done now.  We heard 3 days ago now actually that the banks in Mosul were up and running. I believe the Mosul airport is up and running now. I don’t know how much work the city needs in terms of infrastructure. I believe it needs a whole lot. At least in the day to day operations from what I understand are back in place.   There have been a few little announcements in main stream news here about the restoration of Mosul being taken back which is very positive.   I just got a call...that approximately at 9pm EST [Thursday]...that Iraq began their monetary reform on their CBI website. So what they are doing now in trying to update and possibly put out new rates I hope essentially is the trigger for...the RV for the dinar...   Looks like Iraq has begun their process of economic monetary reform through their CBI website.   I am excited...I think that is a good sign. ...we are in really good shape for this to roll out...

2-24-2017   Newshound Guru Kaperoni   Article:  "Iraq joined the Convention on the transparency of the arbitration between investors and states"  Quote:  "This agreement is an important message and clear to the world that Iraq is a major hub in the Middle East for investment and reconstruction and construction," noting that "this agreement adopted by the United Nations to save the rights transparently in the event of a conflict between investors and states."   Dispute resolution is critical.  A good sign.

2-24-2017   Newshound Guru loop   Article:  "Parliamentary oil suggest the presence of 300 billion barrels of undiscovered"  Quote:  "...said the oil profanity by Mehdi al-Hafez, Tuesday, that there is a plan of action will begin to explore more than 300 billion barrels of oil, Iraq added to the reserve. If Hafiz is correct Iraq will have the largest reserves in the world.  What we do know for sure is that they just add 10 billion to their reserves last week.  Iraq is currently 5th in the world as far as oil reserves go. Much of their country has yet to be explored for oil. I would be surprised if they do not find much more.

2-24-2017   Newshound Guru Kaperoni  Keep in mind, there are several things that could effect the reserves.  Oil prices could skyrocket to $100 +, they could officially get out of UN Chapter 7 and get some funds that are being held released, etc.  But it seems like the IMF has a plan with the CBI.  We all have seen the efforts the last 12 months or so to improve the banking system.  So despite these possibilities, I believe the reason is more in line with improving Iraq's economy, putting people to work, rebuilding post ISIL and opening the banking system to the world for investment...at least we can hope anyway.   [post 2 of 2]

2-24-2017   Newshound Guru Kaperoni  Article:  "IMF confirms the stability of Iraq's reserves of hard currency"  Quote:  "the IMF said in his study, that Iraq reserves will arrive in 2018 to $ 62 billion , and then rise to $ 91 billion in 2020 due to improved conditions of the Iraqi economy and oil exports and its derivatives and the sufficiency of electricity imported to some provinces and gas export and promotion of tourism, industry and all economic resources bode well"   I think the important thing here is that something pretty substantial must occur this year for this forecast to be true.  As we all should know by now, Iraqi oil is not enough at the current prices to increase reserves because they spend more than they make.  So I expect them to transition to a market economy this year in order to improve the reserves by $50 billion over the next two years or so.  [post 1 of 2....stay tuned]

2-24-2017   Intel Guru Frank26   The IMF doesn’t want them to float...but IMO...I think they are going to float There is a compression of a lot of DEAL going on as the fat lady gets out of the way to show the liberation of Mosul.  Once you have Mosul...you’ll see the reason for the negotiations...which you wouldn’t see happening with a program rate.  The DEALS are across the board...creating fairness in trade and currencies.  This is VERY historical.  I like how Abadi told everyone at the meeting in Germany...“we’re open for business...come on in!”  Germany did tell Abadi...“ok”...and they did...quickly.   Abadi received today a German delegation...Merkel says they are there to help with the economic reforms. Didn’t take them long to show up.  No country is in this for an 1186 program rate!

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