Iraqi Dinar Chat, Information, News, Facts, Guru Forums, RV and Revaluation info
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Executive
"AS THE IRAQI DINAR TURNS" Saturday's guru opinions with Breitling, Kaperoni & others...Nov. 15, 2014
11-14-2014 Breitling Is it costing the value of the dinar to stay at a certain rate and not grow? NO. It is NOT at it's market rate. What would the market rate be? The market rate would be at a true note count based on how much oil they sell (which is 90% of their economy) …but what do we have…the oil is coming out and more is coming out…but they have too much notes out there. So it's NOT at it's market rate. The reality is it was never at it's market rate. This is in 3 stages. 1. they need to build their infrastructure cheap…this is why we got in cause we speculated that this is not going to stay at this rate forever. the next stage (2) is for them to form the middle class…to do that you have to give them purchasing power.[raise the rate] the next stage (3) is for them to have an elite economy. People might laugh cause of what's happening but one of these days it's going to happen. When? Don't know. This is not opinion…we are at the mercy of the CBI and they keep saying they are going to raise the rate.
11-14-2014 My Ladies WOW...YESTERDAY WAS SUCH AN EXCITING DAY IN KURDISTAN...I THINK WE ARE SEEING GREAT PROGRESS BUT...WE ARE ONLY HALF WAY THERE WITH WHAT THEY ARE SHOWING US AND AGREEMENTS HAVE BEEN REACHED IN THE PAST AND THEN LATER BROKEN SO LET’S REMAIN CAUTIOUSLY OPTIMISTIC BUT GROUNDED. YESTERDAY WAS THE FIRST STEPS THEY HAVE SHOWN US SO FAR. THE NEXT FEW DAYS WILL BE VERY TELLING. BARZANI IS EXPECTED IN BAGHDAD AND THEY WILL IRON OUT THE OTHER OUTSTANDING ISSUES HOPEFULLY. THEY ARE DOING MANY THINGS BUT ONLY SHOWING THEM TO US IN BITS AND PIECES. THE COMING DAYS WILL BE INTERESTING FOR SURE. IN OUR OPINION THERE IS NOT MUCH LEFT TO BE DONE BUT STILL REMAIN IN YOUR SEATS UNTIL THIS RIDE COMES TO A COMPLETE STOP.
11-14-2014 Stryker HCL - Now that the Oil Deal and the Budget is worked out between the Kurds and the Federal Government, the Federal Government is now completing the HCL and will be moving it to Parliament for the three readings and vote.
11-14-2014 DC [via Adept1] There is a bunch of stuff being passed by the Iraqi Parliament; they are leaning in every day more and more to solve the issue. HCL was confirmed with a few tweaks and everyone is relieved that will not be contentious. They told people in the mosques to get ready for change any moment. The banks are moving money around and doing dress rehearsals for the weekend. Banks across the world and specifically in the US who have said they won’t do it until it goes public have pulled their people in, anticipating the general release to the public. We are at the one yard line, ready to score. I am personally optimistic, but we have been on this brink before, so I’m cautious, too.
11-14-2014 Aggiedad77 ...we should all be standing cautiously optimistic at this point. The government is showing progress that we haven't seen in at least 8 years I think...it looks like PM Abadi is attempting to hold good on his promises...that is encouraging I think. There are still..."bits and pieces" to be put together, but I am liking how consistent the message is coming from both the Kurds and Baghdad...it is like Maliki left the country with a shattered front window and they are slowly putting the pieces back together...I am encouraged by the lack of argument and strife between parties in the last few weeks...to me this is sending a quiet signal to the people that cooperation is at an all time high. Steadfastly we watch...
11-14-2014 Kaperoni Articles: "Oil Minister calls for respect for the oil agreement between Baghdad and the region" "Iraqi government, Kurds reach interim deal on oil exports" ...this is not the HCL but a Band-Aid to get both sides back in parliament to continue to work together. Those who speak leisurely saying "it's done!" etc. are simply not aware of the process..which takes time and will continue to take time. It could be weeks if not a month or more before the HCL is passed.
11-14-2014 Poppy3 ...THE AGREEMENT ON THE HCL HAD BEEN REACHED BUT UNTIL LAST NIGHT THAT WASN'T CONFIRMED BUT TODAY YES IT IS CONFIRMED.
11-14-2014 TNT Tony [via Adept1] HCL was announced in the paper and ABadi even sent congratulations. In Iraq, they are being told that on Saturday, all Qi cards will be loaded with the same rate. They‘ve been told that before, but it might actually happen because everyone is in agreement. Oh...one thing – coins are now being issued to the citizens, not the banks. Everyone over there is excited and ready. Celebrations are scheduled for Saturday as well. Last Monday, banks were advised that they would be exchanging over this weekend. Security hasn’t been in for weeks or months, and full security has been scheduled for this weekend. It’s looking like a great weekend.
11-14-2014 Millionday LATELY WE HAVE BEEN SEEING A LOT OF REPORTS SPELLING OUT...WHAT THEY ARE TRYING TO GET DONE FOR THE ECONOMIC REFORM AND THE TRANSITION TO A MARKET ECONOMY -- WE HAVE READ ABOUT THE BUDGET (DONE), THE HCL (DONE) , THE FUNDING OF THE HCL (LAW IN PLACE FOR FUNDING), THE OIL CONTROL AND DISCOVERY (LAW IN PLACE FOR JUST THAT ), THE GOVERNMENT (IN PLACE), THE FEDERAL COUNCIL (ON AGENDA THE 15TH), THE PARTIES LAW (0N THE AGENDA FOR THE 15TH, THE LOANS (ALL AGREED ON) THE FUNDS FROM DFI (DISTRIBUTED TO GOV BANKS FOR PROGRAMS), AND THE GOVERNMENT PROGRAMS AND PLANNING ETC (READY AND IN LAW) AND WE HAVE MORE IN INVESTMENT LAWS ETC. SO, AS WE CAN SEE THE MANY THINGS DONE INCLUDING THE COINS BEING READY AND THE SMALL DENOMS FOR THE TRANSITION TO A MARKET ECONOMY WITH THE X-STREAM BEING PREPARED ARE ALSO VERY IMPORTANT SO MANY THINGS DONE AND MANY OTHERS I HAVE NOT EVEN LISTED THERE -- AS THEY PREPARE FOR THE UPCOMING CONFERENCE THEY HAVE BEEN PREPARING FOR ALONG WITH THE UNIFIED GOVERNMENTAL PARTIES WORKING TOGETHER-- ALL GREAT NEWS...
11-15-2014 TerryK WHAT'S THIS ABOUT THE UN MAKING AN ANNOUNCEMENT CONGRATULATING IRAQ OF MEETING ALL CHAPT 7 REQUIREMENTS. SO THAT WOULD MEAN THEY ARE NOW ABLE TO HAVE A INTERNATIONAL TRADEABLE CURRENCY... I JUST GOT THAT CALL. [one of requirements is to bring their currency back to at least 1 to 1 correct?] SO THAT WOULD MEAN THAT THEY ARE NOW AN INTERNATIONAL TRADEABLE CURRENCY.
11-15-2014 wmawhite this...says it all...and they are the ones saying this: THAT CBI HAS THE RESERVES TO SUPPORT THE JOINING OF THE INTERNATIONAL CURRENCY MARKET AND TO REVALUE THE DINAR TO THE USD AND RAISE THE PURCHASING POWER FOR THE CITIZEN AS THEY MOVE TO A MARKET ECONOMY.
11-15-2014 Millionday [So HCL DONE OR JUST A FIX FOR THE RV TO MOVE FORWARD?] THE HCL AND THE HCL FUNDING AND THE DISCOVERY LAW HAS BEEN COMPLETE. [with the article 140, hcl, and erbil completed ...what now will hold up the RV?] CBI HAS STATED THEY ARE READY AND THEY ARE HAVING WORKSHOPS TO ACTIVATE THE REFORMS SO I DONT SEE ANYTHING THAT IS HOLDING IT UP -- THEY STATE THEY ARE WORKING ON THE REFORMS NOW...MEETING WITH THE KURDS TO RESOLVE ALL OF THOSE ISSUES AND IN TRANSITION TO A MARKET ECONOMY -- A MARKET ECONOMY WILL REQUIRE FAIR TRADE AND A REALITY RATE THAT IS INTERNATIONALLY RECOGNIZED. THEY ARE IN AGREEMENTS WITH COUNTRIES SIGNING AGREEMENTS FOR INTERNATIONAL TRADE --- THESE ARE BEING DONE DUE TO PREPARATION AND THEIR RELEASE FROM CHAPTER 7 AND FOR THE TRANSITION TO A MARKET ECONOMY. EACH DAY THEY ARE HAVING HUGE MEETINGS AND WORKSHOPS -- NOT LEAVING PARLIAMENT UNTIL BUDGET DONE PER ORDER AND MANY LAWS ON THE TABLE -- THEY ARE USING THE OLD HCL AFTER ALL THIS TIME SO LOOKS LIKE THEY ARE IN A HURRY.
11-15-2014 Poppy3 HCL, AND I AM HEARING ARTICLE 140 BOTH PASSED BUT AS OF TODAY [FRIDAY] NOT PUBLISHED BUT ARE SUPPOSED TO BE PUBLISHED TOMORROW IS WHAT HAS BEEN SAID. I SURE HOPE SO.
11-15-2014 MarkZ Things have really been heating up. I do expect much to be thankful for before Thanksgiving. No I will not in ANYWAY narrow it down more than that. I have to play softball with you all because I have signed a NC/ND and I will not endanger myself. I love you all but I like myself and my financial world intact! [does that mean you have exchanged?] no. [If you could answer, will there be future currencies going? I mean sometime down the line after RV?] I believe so yes. Not all currencies are ready. There is a huge push to have them all done by 2018 though... [Can you discuss rates?] No on rates. [Is this a great weekend?] answering that could get me in warm water. [do you think we are exchanging this weekend?] No. [are we at the any moment time line as some have claimed?] Yes, we are in any moment land again. The difference is that a HUGE number of controls have been put in place since the last time we were this close and got derailed. [so chances of being derailed again? Percentage-wise in your view?] 2% TOPS [Contract rates real too?] yes. I honestly haven't been this positive and excited about where we are in sometime. I feel good about it.
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