Iraqi Dinar Chat, Information, News, Facts, Guru Forums, RV and Revaluation info
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Executive
"AS THE IRAQI DINAR GURUS SPIN" with Frank26, Kaperoni & others...Aug. 8, 2015
8-7-2015 BGG BREAKING NEWS!! Fitch gives Iraq its first credit rating!! The ratings agency has given the country a stable outlook and a B- rating...This is just a credit rating – however… I really like this line…“Fitch Ratings has assigned Iraq a long-term foreign currency Issuer default rating (IDR) of ‘B-‘ with a stable outlook…” The credit rating allows them to sell international bonds. On the other hand, it is a “double edged sword”… they can sell – but not for a premium (at that credit level)…which puts more pressure on Abadi to come up with other revenue. He’s having to face reality. Maliki has to go – Alak has to go… the CBI has to “pony up…”
8-7-2015 Stryker Iraq's Credit Rating: "Fitch Assigns Iraq's First Rating at 'B-'/Stable" Iraq has a credit rating of a B-/Stable, just out this morning. Bring on the Bonds both domestically and Internationally, Fiscal and Monetary Reforms are in the near future for Iraq, so where are they on corruption? Corruption: In my opinion we should see soon a mass roundup and arrest of a majority of the bad guys, including and not limited to Maliki himself and corruption will be under control, for the most part. Then we/they are off to the races...With Iraq's economy considered stable by Fitch and other agencies to follow in their assessment of Iraq, all that's needed is to make sure all future revenue from oil sales, tariffs and taxation can stay working for the people and not in the pockets of the corrupt. Real prosperity for Iraq could really be right around the corner my friends!
8-7-2015 Kaperoni Article quote: "The Central Bank, on Friday, ready to announce the launch of five trillion dinars loans to banks, "industrial" and "agricultural" and real estate "on Saturday." I wouldn’t be surprised if this is delayed since the tariffs were postponed. It is hard to create a competitive market economy when there is no taxes on competing items flowing through the borders. The tariffs need to be in place before they can successfully compete. Abadi made a big mistake today postponing tariffs to the end of the year. That decision, in essences, will put all market economy reforms on hold for the remainder of this year as well...they cannot afford that delay.
8-7-2015 Nova We all must take the events happening in any passive investment and draw a conclusion with it. When doing this we cannot forget some of the foundational things about whatever we are invested in. Two of Many with the Dinar are... One is the fact that all government agencies must use the Dinar and Two is that these agencies are in need of The New Mechanism in order to use the Dinar. We have been looking with great anticipation this week on three fronts. Bonds, Tariffs and The Passing Of Power To The Provinces. I realize that Iraq has been collecting taxes since Eve ate The Apple, but they have never done it with the New Mechanism. IMO this mechanism must be in place before we see anything more on its Implementation / Delay. What have we seen as for Passing Power To The Provinces? Much of the same, it is being slow played "We must do to slowly ". IMO we will not see this fully implemented till the new mechanism is in place. Now those wonderful Bonds that create so much confusion. Can we find anything on them? NO! Not a word from anyone. Why? IMO this also requires the new mechanism be in place before these Bonds can be sold! What do we see happening Globally right now? We see A New System/ Mechanism being brought on line with many countries Right Now! Really...as of July 31! Never in the history of Iraq have we seen what we are seeing right now! So what is my Opinion? It is this, It is clear to me that Iraq's Government and its Central Bank is Waiting! Waiting for the New System to get to them so it can turn on Its New Mechanism and start doing what the world wants it to do! And what do we know...THAT THE NEW SYSTEM HAS BEEN TURNED ON SO IT JUST DOWN TO TIMING FOR IRAQ!
8-8-2015 Poppy3 ...MY SOURCE SAID...THEY HAVE THEIR LIST AND KNOW WHAT THEY MUST DO AND THEY HAVE FULL AGREEMENT AND WILL NOT STOP TILL IT IS ACHIEVED.
8-7-2015 Aggiedad77 "Babylon celebrates the transfer of powers and their portfolios confirms that the project will happen quantum leap" Thursday celebrations in the province of Babylon mark the transfer of powers from some ministries to the local levels and make it appear encouraging that others are to follow as well...good news for the provinces and local governments as Baghdad makes these moves to show support for their abilities to carry forward with work that was formerly reserved only at the state level...good signs of things to come that are positive and proactive from this government.
8-8-2015 OOTW I'VE BEEN ROLLING AROUND THE CESSATION OF THE TARIFFS... I CAN SEE HOW THE STATEMENTS FROM THE PM AND KEYWORDS ONLY LEND AT LEAST SOMEWHAT MORE CREDENCE TO THE FACT THAT THEY DO INTEND TO INCREASE THE VALUE OF THE DINAR AND ARE ONLY/SIMPLY BEING MORE CAUTIOUS IN THEIR APPROACH. AND I CAN ONLY SEE THAT THIS WOULD END UP LENDING MORE STABILITY TO THEIR MONETARY POLICY WHEN THEY DO DECIDE TO IMPLEMENT THE TARIFF.
8-8-2015 Frank26 We have information that this Saturday meeting may be bigger than most meetings by the CBI. Why is it at a hotel with luxury for thousands that are coming...why the royal treatment? Why at the same moment the IMF reiterates that Alack is only the acting governor of the CBI for now? Why is the GREEN ZONE blocked again today? Why is Abadi letting the protestors have their way against the corrupt officials of their country? Why did the defense minister arrest 35 last night? Why is the GOI scattering like cockroaches? Abadi dismissed all of M's followers and they are not getting paid by the GOI. Many small things are leading to one big thing. IMO...the thousands that will show up at the Sheraton tomorrow [Saturday] may be that the CBI is announcing..."open for business". The CR (Credit Rating) was issued at a B minus but given as STABLE. Moody and Finch is the first to report this last night. The other agencies are waiting for instructions. It is NOW Iraq's Sovereign CR. Jabouri wanted a higher CR but he understands this is the start of adding value and that is the focus right now for the currency. The RI is being kicked in iMO and the B is the RI phase that will take us into the RV.
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