coopschick
11-16-2012, 09:06 AM
11-15-2012 Footforward They have a rate in every budget. Is that the specific RV rate...No, but they expect it to be at least that rate. $3.41 is in one of their budgets & rates have gone up the last couple of years. A buck is not going to cut it for Iraq. Iraq is not thriving, they are barely getting by. Having a stronger international currency is going to drastically help things. Until you see the RV you are not going to see massive investment. They absolutely can go to a high rate over night, a dollar won't cut it, we are going to have a better rate than that.
11-16-2012 LoriC The U.S. Secretary of State in the Bureau of Democracy, Human Rights and Labor, Thomas Melia, has been involved in 20 meetings during the past 3 days regarding Iraq's emergence as a sovereign democratic government and to promote human rights. A year after the withdrawal of U.S. troops from Iraq they are being helped along so they can be released from Chp7 sanctions and be fully sovereign. [post 1 of 2....stay tuned]
11-16-2012 ****** had maybe 25 calls this late afternoon into the night, all positive, no neg stuff...hearing that this weekend looks again very good for us, not holding breath but it sure looks and smells like rv...i was scheduled to leave wed this coming week but i have heard so many positive things i wanted to be close to my dinar and get ready, that's how i feel...does that say anything.
11-16-2012 Adam Montana IF Shabibi ends up back in his seat, we are going to be looking at another long and confusing wait for the RV. I really do not think it will be easy for him to get back into his former role, and I think Maliki is working on pushing things through before he is able to get back there. At this time, the warrants are still out for Shabibi and he has not returned to the country. He will not return until the warrants are lifted. I know I wouldn't want to be arrested and thrown in an Iraqi jail with all this going on! But at the end of the day, none of that really matters... if Maliki or Talabani or anyone else can get this pushed through, I'm in favor of whatever methods they use - with or without Shabibi.
11-16-2012 LoriC Melia said that many are trying to pressure the government in order to continue the process of reform and push forward democracy forward. Iraq isn't receiving all this support and pressure to catch up to international standards because everyone has a bleeding heart for them. As the IMF stated, Iraq will be a tool for global economic recovery because they have not been affected by the economic crisis. Iraq may be content with procrastination but the rest of the world is not.
11-16-2012 Tlar Article: "The high exchange rate of the dinar against foreign currencies during the coming period after the important reforms carried out by the federal government central bank action." The article is a slam on Shabibi further tightening the accusations against him. It clearly blames him for the economy not prospering. It also implies that the CBI is working hard to bring the two rates, the street value and the program rate back together at the program rate. At the end of the article they refer to increasing the value in the coming period which will help the economy. It is...encouraging to see that at least for the time being that they look like they are attempting to follow the IMF's advice and most encouraging, that they intend to activate the tariffs even if has been a long time coming. The realities are they have to increase the value of their currency if they activate those tariffs and if they ever really intend to join the WTO as a full member. They have to follow the same path laid down by Shabibi with the only difference today is, they have to get out of their own way now that they control the process start to finish.
11-16-2012 Kaperoni I continue to see people relating the 1st of the year with this event. Yes, Shabibi himself stated this as it relates to the accounting records, budget etc. But unless they RV the dinar to be worth more than the dollar, it has no effect. Therefore, as stated several times, we expect a float which will be gradual over time rising to 1 to $1 over a period of months. This accomplishes much of what Iraq needs economically, WTO, convertable currency, ISX, investment, etc. to move forward.
11-16-2012 Mike The move is in Maliki's court - we are either going to see him double down which he probably will and then it becomes Talabani's move - truly is he going to quickly call for all of this...in my opinion it looks like the people who are up against Maliki (Talabani, Allawi, all these guys) have the blessing of the US to do what they need to do - I don’t think there is anything that needs to be done they just need to go in and do it - They need to do it before they get ripped into some sort of civil War ...Maliki has got to go and they have to form this government.
11-16-2012 Tlar The ration card would not be an issue if the government gave them more value in cash. It should not have a negative effect on the government if they can get this done which would mean it is not an election issue. It's interesting to see the persistence of the government to get rid of the ration card. My question is why at this time. What is the carrot? Shabibi tried to push this through and at every turn the same government shut them down.
11-16-2012 L.J. To sum it all up is Maliki really had a bad day...The tone has changed - Talabani and his position - The position of the Kurds...Kuwait is basically saying you need to decide what the future is going to be bring and have vision for what is going to happen in the future...we are going to have cooperation here in the Gulf - We are all going to be on the same page one day so why not start today? You need to get out of the way or comply...Maliki is just being hit over and over...today was a Bad Day and he is going back to his corner battered and beaten and he has to actually make a decision... the fight is coming to an end - I believe Maliki is not going to have too much fight left in him.
11-16-2012 Med IT SEEMS THAT SOMEONE IN IRAQ DECIDED IT WAS IMPORTANT TO MAKE SURE THAT THE REST OF THE WORLD KNEW THE DINAR WAS NOT FALLING INTO OBLIVION AND THAT SOMETHING WAS COMING UP TO INCREASE THE VALUE. WHAT HAS HAPPENED WAS A SHOCK BUT IN THE AFTERMATH IT DOES NOT SEEM TO HAVE HAD BAD EFFECTS. I TOTALLY BELIEVE THAT ALL THE ANTI RV RHETORIC WAS BS. IT WAS NEVER THEIR INTENTIONS NOT TO RV. WHAT IT WAS TO DELAY SO THEY HAD TIME TO FINISH WHATEVER INVESTIGATIONS WERE ONGOING. NOW WE ARE SEEING FROM THOSE WHO MALIKI PUT IN CBI HOW IT WILL IMPROVE THE ECONOMY.
11-16-2012 Footforward The GOI does not have any control over the monetary policy, they do not have any control over the RV. It is very separate. The GOI has no say. Maliki having a say in the RV is all smoke. Maliki & Shabibi were placed in their positions, a very strategic move by the people that put this together. Maliki is not the problem. This is part of a plan to reset the economy. This is going to happen, it's a matter of when. Intel is all good, everything is done.
11-16-2012 LoriC The U.S. Secretary of State in the Bureau of Democracy, Human Rights and Labor, Thomas Melia, has been involved in 20 meetings during the past 3 days regarding Iraq's emergence as a sovereign democratic government and to promote human rights. A year after the withdrawal of U.S. troops from Iraq they are being helped along so they can be released from Chp7 sanctions and be fully sovereign. [post 1 of 2....stay tuned]
11-16-2012 ****** had maybe 25 calls this late afternoon into the night, all positive, no neg stuff...hearing that this weekend looks again very good for us, not holding breath but it sure looks and smells like rv...i was scheduled to leave wed this coming week but i have heard so many positive things i wanted to be close to my dinar and get ready, that's how i feel...does that say anything.
11-16-2012 Adam Montana IF Shabibi ends up back in his seat, we are going to be looking at another long and confusing wait for the RV. I really do not think it will be easy for him to get back into his former role, and I think Maliki is working on pushing things through before he is able to get back there. At this time, the warrants are still out for Shabibi and he has not returned to the country. He will not return until the warrants are lifted. I know I wouldn't want to be arrested and thrown in an Iraqi jail with all this going on! But at the end of the day, none of that really matters... if Maliki or Talabani or anyone else can get this pushed through, I'm in favor of whatever methods they use - with or without Shabibi.
11-16-2012 LoriC Melia said that many are trying to pressure the government in order to continue the process of reform and push forward democracy forward. Iraq isn't receiving all this support and pressure to catch up to international standards because everyone has a bleeding heart for them. As the IMF stated, Iraq will be a tool for global economic recovery because they have not been affected by the economic crisis. Iraq may be content with procrastination but the rest of the world is not.
11-16-2012 Tlar Article: "The high exchange rate of the dinar against foreign currencies during the coming period after the important reforms carried out by the federal government central bank action." The article is a slam on Shabibi further tightening the accusations against him. It clearly blames him for the economy not prospering. It also implies that the CBI is working hard to bring the two rates, the street value and the program rate back together at the program rate. At the end of the article they refer to increasing the value in the coming period which will help the economy. It is...encouraging to see that at least for the time being that they look like they are attempting to follow the IMF's advice and most encouraging, that they intend to activate the tariffs even if has been a long time coming. The realities are they have to increase the value of their currency if they activate those tariffs and if they ever really intend to join the WTO as a full member. They have to follow the same path laid down by Shabibi with the only difference today is, they have to get out of their own way now that they control the process start to finish.
11-16-2012 Kaperoni I continue to see people relating the 1st of the year with this event. Yes, Shabibi himself stated this as it relates to the accounting records, budget etc. But unless they RV the dinar to be worth more than the dollar, it has no effect. Therefore, as stated several times, we expect a float which will be gradual over time rising to 1 to $1 over a period of months. This accomplishes much of what Iraq needs economically, WTO, convertable currency, ISX, investment, etc. to move forward.
11-16-2012 Mike The move is in Maliki's court - we are either going to see him double down which he probably will and then it becomes Talabani's move - truly is he going to quickly call for all of this...in my opinion it looks like the people who are up against Maliki (Talabani, Allawi, all these guys) have the blessing of the US to do what they need to do - I don’t think there is anything that needs to be done they just need to go in and do it - They need to do it before they get ripped into some sort of civil War ...Maliki has got to go and they have to form this government.
11-16-2012 Tlar The ration card would not be an issue if the government gave them more value in cash. It should not have a negative effect on the government if they can get this done which would mean it is not an election issue. It's interesting to see the persistence of the government to get rid of the ration card. My question is why at this time. What is the carrot? Shabibi tried to push this through and at every turn the same government shut them down.
11-16-2012 L.J. To sum it all up is Maliki really had a bad day...The tone has changed - Talabani and his position - The position of the Kurds...Kuwait is basically saying you need to decide what the future is going to be bring and have vision for what is going to happen in the future...we are going to have cooperation here in the Gulf - We are all going to be on the same page one day so why not start today? You need to get out of the way or comply...Maliki is just being hit over and over...today was a Bad Day and he is going back to his corner battered and beaten and he has to actually make a decision... the fight is coming to an end - I believe Maliki is not going to have too much fight left in him.
11-16-2012 Med IT SEEMS THAT SOMEONE IN IRAQ DECIDED IT WAS IMPORTANT TO MAKE SURE THAT THE REST OF THE WORLD KNEW THE DINAR WAS NOT FALLING INTO OBLIVION AND THAT SOMETHING WAS COMING UP TO INCREASE THE VALUE. WHAT HAS HAPPENED WAS A SHOCK BUT IN THE AFTERMATH IT DOES NOT SEEM TO HAVE HAD BAD EFFECTS. I TOTALLY BELIEVE THAT ALL THE ANTI RV RHETORIC WAS BS. IT WAS NEVER THEIR INTENTIONS NOT TO RV. WHAT IT WAS TO DELAY SO THEY HAD TIME TO FINISH WHATEVER INVESTIGATIONS WERE ONGOING. NOW WE ARE SEEING FROM THOSE WHO MALIKI PUT IN CBI HOW IT WILL IMPROVE THE ECONOMY.
11-16-2012 Footforward The GOI does not have any control over the monetary policy, they do not have any control over the RV. It is very separate. The GOI has no say. Maliki having a say in the RV is all smoke. Maliki & Shabibi were placed in their positions, a very strategic move by the people that put this together. Maliki is not the problem. This is part of a plan to reset the economy. This is going to happen, it's a matter of when. Intel is all good, everything is done.