coopschick
09-26-2012, 05:47 PM
9-26-2012 Doc We continue with our waiting and see status. While the news continues favorable nothing of significance has been confirmed. HCL is still looming as are the open GOI seats. Also despite rumors chapter 7 has not been lifted. The UN General Assembly which is meeting now can not lift chapter 7. Only the UNSC can do this. Statements to the contrary are from the misinformed. We are encouraged that the statements from Iraq continue positive around the key issues but we continue to look for concrete evidence that these issues are settled and executed upon. Until then we wait and see. [post 1 of 2....stay tuned]
9-26-2012 BGG All the parts of Chapter 7 that need to be relieved so that Iraq can RV their currency is done, but they will never be out of Chapter 7 while they have a budding dictator in place. The news about the National Conference happening or not happening...there is a 50/50 possibility that the National Conference will not have to take place. There is a lot of optimism that Talabani will get everything taken care of away from the National Conference. I don't see us in a bad place right now, I do think solutions are on the horizon and things will get done one way or another. It could be delayed another week before any kind of solution unveils itself. Big news also is the 9th electoral commission seat is to be voted on Thursday. So, there is a lot of pressure on Maliki and on Talabani to get this thing done. We are in a great place.
9-26-2012 Blaino AS OF THE CURRENT TIME I HAVE NO INFORMATION TO CONFIRM OR DENY TODAYS INTEL ISSUED EARLIER::::::WE ARE EFFORTING TOWARD GETTING ADDITIONAL INFORMATION. EFFECTIVELY THEN:::NATIONAL CONFERENCE MAY WELL BE UNDERWAY::::KURDISH NEGOTIATIONS SEEM TO BE CONCLUDING AND INTERLINKED TO THE ARBIL (ERBIL) AGREEMENT:::::RV OR A RELEASE TO FLOAT FREE COULD WELL BE EN ROUTE AND APPEAR IN THE NEXT 5 DAYS...GIVE OR TAKE....MEBBY.
9-26-2012 Adam Montana A revaluation of the Iraqi Dinar WILL make a difference worldwide, and it will indeed impact the global economy. Iraq won't RV because they want to help the world, but returning their currency to a higher value like it used to have will be a tremendous booster to us all. (To clarify - I mean Iraq is going to do what they want to do regardless of how it affects us. We will benefit from an RV, but that's not why they will or won't do it.)
9-26-2012 ****** im hearing that the national conference has been cancled...they dont need it...and that this is going down any moment...will not go into the month of october...just got call from china source...treat as rumor.
9-26-2012 Mike & L. J. We talked about the...article that they are not going to replace the currency during 2013 and that the economic situation is not right - Kurdish language being on there, etc - these two events are NOT tied together to the adding value to the currency.
9-26-2012 Doc We have been of the opinion around $1 is the ceiling for the initial rate and it possibly could be lower and worked up to $1 over some time. It has been reported Shabibi is indicating something less than 50 cents and working up to $1 over 1-2 years. We must state here we have not been able to confirm this but this scenario would not surprise us. The CBI is privately owned and in business to make money. This scenario is much more economically favorable to the CBI and Iraq as a whole. This would also be more favorable to other governments who will hold the dinar in reserve in that they would benefit from the appreciation. What this does not do is dedollarize the country (which is a stated goal of Shabibi) unless there is a forced redemption of the old currency. As reported this continues to be speculation and we will see in time. We report, you decide.
9-26-2012 BGG All the parts of Chapter 7 that need to be relieved so that Iraq can RV their currency is done, but they will never be out of Chapter 7 while they have a budding dictator in place. The news about the National Conference happening or not happening...there is a 50/50 possibility that the National Conference will not have to take place. There is a lot of optimism that Talabani will get everything taken care of away from the National Conference. I don't see us in a bad place right now, I do think solutions are on the horizon and things will get done one way or another. It could be delayed another week before any kind of solution unveils itself. Big news also is the 9th electoral commission seat is to be voted on Thursday. So, there is a lot of pressure on Maliki and on Talabani to get this thing done. We are in a great place.
9-26-2012 Blaino AS OF THE CURRENT TIME I HAVE NO INFORMATION TO CONFIRM OR DENY TODAYS INTEL ISSUED EARLIER::::::WE ARE EFFORTING TOWARD GETTING ADDITIONAL INFORMATION. EFFECTIVELY THEN:::NATIONAL CONFERENCE MAY WELL BE UNDERWAY::::KURDISH NEGOTIATIONS SEEM TO BE CONCLUDING AND INTERLINKED TO THE ARBIL (ERBIL) AGREEMENT:::::RV OR A RELEASE TO FLOAT FREE COULD WELL BE EN ROUTE AND APPEAR IN THE NEXT 5 DAYS...GIVE OR TAKE....MEBBY.
9-26-2012 Adam Montana A revaluation of the Iraqi Dinar WILL make a difference worldwide, and it will indeed impact the global economy. Iraq won't RV because they want to help the world, but returning their currency to a higher value like it used to have will be a tremendous booster to us all. (To clarify - I mean Iraq is going to do what they want to do regardless of how it affects us. We will benefit from an RV, but that's not why they will or won't do it.)
9-26-2012 ****** im hearing that the national conference has been cancled...they dont need it...and that this is going down any moment...will not go into the month of october...just got call from china source...treat as rumor.
9-26-2012 Mike & L. J. We talked about the...article that they are not going to replace the currency during 2013 and that the economic situation is not right - Kurdish language being on there, etc - these two events are NOT tied together to the adding value to the currency.
9-26-2012 Doc We have been of the opinion around $1 is the ceiling for the initial rate and it possibly could be lower and worked up to $1 over some time. It has been reported Shabibi is indicating something less than 50 cents and working up to $1 over 1-2 years. We must state here we have not been able to confirm this but this scenario would not surprise us. The CBI is privately owned and in business to make money. This scenario is much more economically favorable to the CBI and Iraq as a whole. This would also be more favorable to other governments who will hold the dinar in reserve in that they would benefit from the appreciation. What this does not do is dedollarize the country (which is a stated goal of Shabibi) unless there is a forced redemption of the old currency. As reported this continues to be speculation and we will see in time. We report, you decide.