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Friday, February 3, 2017

DINAR GURUS UPDATE, 3 FEB

2-3-2017   Newshound Guru mike  Article:  "Iraq: Calls to raise the value of the dinar"   Quote:  "He guessed expert Rahim al-Shammari, that «the sale of crude oil price increases in the world markets, because of« OPEC »and nations outside the Organization agreement means that the coming months will see a rise in prices». Did not rule out that the «estimated price of a barrel of crude oil between $ 55 to $ 65.»"   I guess anything is possible, but...I can't see oil getting above $65 a barrel in 2017.  Fracking has really done a number on the amount of oil produced on a global scale. Oil isn't enough, Iraq has to move towards an open market economy to survive. Borrowing billions of dollars every year isn't sustainable.

2-3-2017   Intel Guru RayRen98    If everything pans out according to the information I’m hearing, this should be our last Friday prior to the event, but I wont’ know until it actually takes place. However, based on the information and new information, I do think this is the last week. They cannot drag this out week after week; at some point, this pot is going to boil.   It may very well be before next Friday, but I don’t sit in on those round table sessions...but don’t be surprised if we are NOT here next Friday.  Don’t be surprised. I look forward to hearing some interesting things between now and Monday.

2-3-2017   Newshound/Intel Guru BGG   It plainly appears both the CBI and Abadi had imagined there would have been a change already - they said as much.  However, whatever the set of circumstances required were not quite in place yet. 

2-3-2017   Newshound Guru Kaperoni   Article:  "Iraq: Calls to raise the value of the dinar"  Iraq is in desperate need of rebuilding.  From streets, to sewer to buildings, their is little time to waste. Iraqi's need to go back to work and private sector is the only solution. As [Guru] Mike has pointed out numerous times, the government is already spending more than it makes so they cannot afford more of the population on the state payroll. I am watching Mosul closely, IMO as soon as this is liberation is done, the GOI, CBI must act by activating the market economy. Give it 2-3 more months and we should begin to see some moves.

2-3-2017   Newshound Guru loop   Article:  "Iraq: Calls to raise the value of the dinar"  Quote:  "Economic academic Essam Mahouelle called in an interview to «life», noted that this year be the year to enhance the purchasing power of the dinar and the ability of «strengthens the confidence in the national currency, which represents the sovereignty of Iraq»."  Very encouraging article, but keep in mind that the the main person quoted in this article, Essam Mahouelle, is an academic and not one of the major players in making these type of changes I still think it has merit in that there is a growing number of economists who are echoing the same thing.  [CBI is who is going to revalue the currency.]  They are. Alak has telegraphed that as much as he can... IMO.

2-3-2017   Newshound Guru Aggiedad77 
  Article:  "Rafidain Bank called civilian retirees for ameal in February salaries"   Quote:  "Press office of the bank said in a statement, responded to Twilight News, that the bank began paying civilian pensions for a meal in February 2017 ".  "He said this includes the smart card holders to Card and retirees manual exchange."   well what have we here...a week ago they wouldn't or couldn't pay...now suddenly...how coincidental...money is made available...how where oh where did it come from now.

2-3-2017   Intel/Newshound Guru Mnt Goat   Article:  "An invitation to take advantage of the investment companies to activate insurance"   Quote:  “to create an effective, equitable, secure and stable market provides protection to customers of the risks and the technical and financial foundations of sound”.  We know in order to have a successful market economy Iraq will need the insurance sector to take part.  ...protection for the investors...this is all exactly what we would expect to see in a move towards a market economy and want to see happening at this point.  Can they do it with a currency that is worthless? How do these foreign investors pay for their insurance? These insurance companies coming into Iraq will surely be foreign and so do you think they will want to mess around with or can even function with this sanctioned currency and a “closed economy”  ...here is another entity too that will want to take its profits abroad, the insurance company. Also how do they pay out on claims if they can’t readily and easily convert (exchange) from one currency to the next? Hope you get my point?

2-3-2017   Newshound/Intel Guru Arthur    The new U.S. administration appears to be taking a new and expanded role in accomplishing this poste haste with assistance from the air and ground as this is brought to a conclusion IMO in the next few days. We also see a new concerted effort by the Abadi regime to complete the GOI with the edition of the MOI and MOD with only one more major post to fill. With several needed laws including the HCL now entering the voting stage, the new eDinar ready to be distributed for salaries to all oil pipeline companies as of last week, and still no visible CBI rate for 30 days, it is safe to say we are now right on the precipice of the final implementation of all the economic reforms up to and including the revaluation of the Iraqi dinar.

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