,
DINARESGURUS.BLOGSPOT.COM_________________

Tuesday, August 7, 2018

DINAR GURUS UPDATE, 7 AUGUST

8-7-2018   Newshound Guru Kirk H. Sowell  [...care to handicap Maliki’s chances of being PM again?]  Very close to zero. If Abadi is not reelected, it will not be one of the other leading political figures, but someone independent. The other blocs won't accept a Sadr loyalist, Maliki loyalist, Ameri loyalist, etc.

8-7-2018   Newshound/Intel Guru Mnt Goat
   But remember moving to Article VIII does not happen overnight. Iraq has been moving in this direction for years now. First you have to meet all the responsibilities as a member nation under Article VIII of theUN Charter as a member nation. Then they elevate you to operate with all the privileges under this section of the UN Charter. The loans we see Iraq now being granted under the SBA is part of these SDR privileges. So why are they not fully in Article VIII already? There is no magic to it and no trigger. No one is going to stand on a stage and hand Iraq a certificate for graduating to Article VIII. We must watch how they perform and opening the ISX up to a global trading platform on Aug 1st was a very good sign moving forward in this direction.  [post 2 of 2]

8-7-2018   Newshound/Intel Guru Mnt Goat   [...are we looking for Iraq to submit an Article VIII request to the IMF, and does Iraq need to have an Article IV Consultation before we can expect to see an RI/RV?...I was just wondering if these items would tip us off that our quest was getting close...]   There is an Article IV consultation coming up in September with the IMF and my gut feeling is that they are stalling these election results until that time period....Why? Maybe the consultation is the answer who knows? But it seems very plausible. I do know the IMF is monitoring the MCP closely and for the first time since 2012 Iraq has met their obligations under the MCP of Article VIII. This qualifies them technically to move to Article VIII.  [post 1 of 2....stay tuned]

8-7-2018   Newshound/Intel Guru David M. Witty  [New Guru]  Expectations thatfinal results of hand recount of Iraqi 12 May parliamentary elections will be announced this week.

8-7-2018   Newshound/Intel Guru Mnt Goat    Having said all this I do see signs of 2018 rather than 2019. It doesn’t matter what I THINK but what the CBI and the GOI are telling us. ...I go strictly by what the official entities in Iraq tell me. I don’t care if the US Treasury is telling the banks to “get ready”. This is all foolishness and nonsense. ...Yes, there is coordination going on with exchange centers and banks for the inevitable exchanges that will take place but Iraq must act first and so why not just relax and concentrate on what they do? This is the ONLY sure way to try to figure this out for any kind of timeframe.  [post 2 of 2]

8-7-2018   Newshound/Intel Guru Mnt Goat   [Do you really think they will reinstate the dinar this year? Looks like it's going to 2019.]   Good question and we all want our money now. But the fact is no one controls the reinstatement not even the CBI. The CBI is only the guardian and the instrument that will facilitate and control the process. They must wait until certain conditions apply. They do not run the government. Like I keep saying if you go into this investment thinking you are going to get rich quick, think again. But you will get rich, eventually, if you have enough dinar and are very patient. [post 1 of 2....stay tuned]

8-7-2018   Newshound Guru Kaperoni   So the results of the recount are in with no significant changes. It was just all and unnecessary delay... 

8-7-2018  Newshound Guru Kirk H. Sowell   [New Guru]   Abadi's statement that Iraq now needs $75 brent ($67 Iraqi oil) to cover operational costs - I quote it here - is the most significant thing he's said lately. That's a break-even price that doesn't include any CapX, just operational spending to keep the state clunking along.

No comments:

Post a Comment

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