Friday, September 21, 2012


9-21-2012  Newshound Guru Doc   The economic summit came and went without much fanfare.  Most have heard by now the currency was not discussed at least in the public realm. This should not be a shock in that there is no way this type of event would be paraded and negotiated in public view.  If there were any "deals" to be made they were done behind closed doors.  Our opinion was the best we could hope for was an announcement of the RV but cautioned all this was still premature due to lack of closure on Ebril, GOI seating, etc..   Most of the summit was a show case for Iraq to attempt to show investors the progress they have made and direction for the future.  In fact much discussion centered around getting the banking system fully secure and trusted by the citizens. While much progress has been made Iraq stated it would be 2-5 years before it was fully matured and trusted by the people.  [post 1 of 2....stay tuned]

9-21-2012  Newshound Guru Adam Montana  here's how I look at it. At the end of the day, I strongly believe that the currency, stocks, and savings I hold in Iraqi Dinar WILL go up. How much, when, etc? I don't know. I know things are set up very nicely right now and I have personally witnessed Iraq make LEAPS and BOUNDS towards a more stable country, controlled economy, and strong government.  So, at this time - I'm prepared for anything. I do NOT think I am going to lose money on my investment, and I am willing to watch. 

9-21-2012  Newshound Guru Mike    the inflation rate...14% for August - which brings their annual inflation rate to somewhere about 5-6% -they are happy with that - they have their inflation rate under control - housing is going up - salaries are coming down they are right where they need to be with the inflation - I don't think you are going to see it go too far from there.

9-21-2012 Intel Gurus SteveI and Ray    The coins will be distributed along with the currency after the rv is made public.  Saleh made the annoucement on the 15th explaining that the replacement currency had to be printed first before they would announce another rv date. He said in maybe 2 to 3 weeks...From the time they started printing. The printing has started already...and according to article, they wanted to accererate it.  IMO and what I am hearing...The rv can be done right after the currency is reprinted. It was supposed to rv Sep 1 but was held up due to the Kurds. We are headed in the right direction.  [post 2 of 2]

9-21-2012  Intel Gurus SteveI and Ray     What Ray and I share comes from actual contacts in Iraq.  Talabani will be announcing [the national convention] in about two days.  There was an agreement between Iraq and Kurdistan about paying the oil companies in Kurdistan by Iraq. That was a huge agreement.  What is huge is the SFA [Strategic Framework Agreement] signed....several days ago. [post 1 of 2....stay tuned]

9-21-2012  Newshound Guru Enorrste  I was hopeful to see some sort of announcement out of the conference, but I can see there are several important laws that banks & investors are looking to be passed prior to them sticking their feet in the water.  I wouldn't be surprised if Shabibi headed home & ran to Parliament & said we need to get these laws passed or they are not going to invest their funds.  Laws need to be passed, add to that working licences for private banks needs to be eliminated, probably this is another law & corruption is key.  It's unfortunate...but everything is not perfect in Iraq & there are some thing that need to be taken care of to get investors to come to Iraq.  Now, this isn't saying these thing have to be done to go to a free float, they probably could go to a free float knowing these thing were going to be done rather quickly.  

9-21-2012  Newshound Guru Kaperoni  I received an email from someone that attended the conference [London].  They said that there was moderate attendance.  There was little mention of the strength of the dinar.  They were told that they would not talk about their currency when the conference started.  There was much talk about security.  Everybody here is hoping for a revaluation.  The articles have thoroughly supported a revaluation at a rate of 1 to 1.  We believe that something is going to happen in the near future, so let's let all that play out.

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