Word for the day…

Mrs. BGG

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Indicative rates – 02.21.2017

http://www.cbi.iq/

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Freedom is the right to question and change the established way of doing things. – Ronald Reagan

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firefly (Dinar Guru) –   I don’t have a date nor a rate but one thing is for certain, we are standing on the edge of the precipice.  And… IT WILL NOT Be A FREE FLOAT LIKE SOME FOLKS SUGGEST.  Those that suggest a free float are not very versed on the laws set up by the IMF and the WB a few years ago.
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Loop (Dinar Guru) –   Article quote:  “the signing of the agreement represents an important signal to the international arena that Iraq is committed to all the rules of transparency in international arbitration in case of dispute between the investors and the states,” and expressed hope that “Iraq is essential to attracting capital and center.”   Huge step forward to open the doors to the wall of Investors.  IT’s right out of article 22 of the Investment Law.  Article 22:  The foreign investor shall enjoy additional privileges in accordance with international agreements signed between Iraq and his country or multilateral international agreements which Iraq has joined.
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Loop (Dinar Guru) –  Article:  “Keywords: private banks, their performance distinctive and are satisfied with it”  Alak came out today punching the media for misreporting.  …he is saying…out of 60 private banks only 2 or 3 are not where they should be and they are currently work with them to correct this.  …ealier in the week a MP on the finance committee came out with the figure that the CBI reserves are 40 billion dollars and Alak came out today saying that the reserves are 49 billion dollars and that they are well within international accepted standards. In addition they…the reserves cover the local currencies by a “large margin”.   It’s important to note that most countries in the world only have enough reserves to cover their currency by 10%.  Iraq can currently cover their currency by over a 100%.
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Breitling (Dinar Guru) –   What’s the deal with the math with Iraq?  Take a look at this…look at their economy now.  How much oil are they producing compared to how many people they have and the market prices.  Now go look before the first gulf war.  They are producing more.  There are more people in the world buying oil so the whole thing is bigger.  But their currency is at a tenth of a penny?  You think that’s the market rate?  Are you blind?  This is for the people who are not in this investment…how blind are you?  Obviously the currency is artificially held down…Go by the math.  All the math is there.  All the proof is there.  You don’t need to have doubts.  The question is, when is this going to happen?   Everything I talk about is based on principle..it’s the numbers…It’s everything.  Fortunately, I didn’t come up with those numbers.  Guess who came up with those numbers?  The Ministry of Finance.  The Ministry of Planning.  The parliament.  the CBI.  That’s what you need to worry about.
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BGG (Dinar Guru) –   “the signing of the agreement represents an important signal to the international arena that Iraq is committed to all the rules of transparency in international arbitration in case of dispute between the investors and the states,” and expressed hope that “Iraq is essential to attracting capital and center.”   …the agreement represents an important signal to the international arena… BOOM!! they are providing assurances, protections and a way in and out for international investors.  these are CRITICAL items to the freedom of movement of capital in and out of Iraq. [The agreement was signed at the United nations.]  yes, which BTW…was more than a little shocking to me.  It appears the UN is much more involved I imagined.
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Ebadi: I did not understand Nuri al-Maliki orders the withdrawal of three teams from Mosul

Treasures Media – Follow-up – Iraqi Prime Minister Haider al-Abadi, who now leads the battle to liberate Mosul that so far did not understand why gave orders that day Iraqi Prime Minister Nuri al-Maliki of the three divisions of the Iraqi army to withdraw from Mosul, leaving their weapons and tanks to Daesh withdrawal and to come to Baghdad, he said…

More: http://dinarupdates.com/blog/

Loop ~ What is very encouraging about what is going on with regards to Maliki is that there is a common narrative that is being presented via the media. That is that the reason that Iraq is in the current financial crisis is because of the actions of Maliki. He stole the lions share of the money, he killed or jailed anyone who opposed he, and he allowed Daesh to take over Mosul. IMO.. There is much more to the meeting in Geneva between Abadi and the representatives from the International Criminal Courts (Hague).

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wmawhite (Dinar Guru) –   Article quote:   “the signing of the agreement represents an important signal to the international arena that Iraq is committed to all the rules of transparency in international arbitration in case of dispute between the investors and the states,” and expressed hope that “Iraq is essential to attracting capital and center.”  This shows that the GOI has been signing agreements/conventions that we never knew about. The GOI has been doing this because they do not require the Parliament consent to do so.  HUGE…well as important bilateral and international conventions signed by Iraq and the number of States”… And where was this announcement made?  the United Nations…The agreement was signed at the United nations.
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BGG (Dinar Guru) –  …much of the expectation we’ve all had – was directly inspired by Abadi and Alak. They are the ones telling us when they were going to “start the project”… whatever “delay” Alak commented on – seems to drawing to a close…the delay – appears to be the handling of Mosul. They expected this done sooner – it wasn’t… looks like now it is.  That’s the key – AND, I fully expect some very good news coming out of Mosul this coming week.
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BGG (Dinar Guru) –    [...is HCL land boundries and alotment for oil?]  HCL is (generally) referrred to as “The Hydro-Carbon Law” – AKA H.C.L.   there are several variants.  for a true HCL – it is possible they need to solve Article 140 – which will require a truely accurate census… (none of which will happen soon)…now – here’s the good news…They have managed to “side-step” this whole issue by regularly “codifying” something of an HCL agreement in each and every annual budget…since 2015?  HCL isn’t so much land boundaries as it is – WHO GETS WHAT… in simplest terms…how much each bunch gets.  But…they have handled it – in more of a technical “end around”…  […always heard no hcl no reval.]  Let me help you – that’s bull ****.
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Iraqi Dinar/Dollar auction 02-21-17 (most recent listing)

Currency Auctions Announcement No. 3386

This daily currency auction was held in the Central Bank of Iraq on the 02-21-2017

The results were as follows:

More: http://dinarupdates.com/blog/
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BGG (Dinar Guru) –    Article:  “Iraq joins the transparency in the arbitration agreement between investors and states”  Oh wow – they are REALLY BEATING THIS DRUM right now…  Once international investment has both and way in and a way out – you can have “freedom of movement of capital” – AKA TRUE EXCHANGE…then the IQD will be able to move freely as well. They may not be “there” just yet, but they aren’t far off.  [You mean freedom as in some form of FREE MARKET ECONOMY!]  in every sense of the word.
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Loop (Dinar Guru) –   Investors will not come to Iraq in any meaningful way until they are sure that they can get their initial investments and profits out of Iraq whenever they choose to do so. Investors coming into Iraq is a major part to ensuring that Iraq realizes it’s vision of being one of the riches countries in the world…   Now for the million dollar question.  Is the investment law needed prior to an increase the purchasing power of the dinar? IMO…NOT HAVING THE INVESTMENT LAW PASSED WILL NOT STOP THEM FROM AN RV…HOWEVER IT DOES HAVE TO HAPPEN SHORTLY THERE AFTER IF THEY WANT THE WALL OF INVESTMENT CAPITAL TO COME IN A SUPPORT THE MOVE OTHERWISE THEIR ECONOMY MOST LIKELY WOULD FALTER…HUGE PIECE OF NEWS!  [post 2 of 2]
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Loop (Dinar Guru) –   Article:  “Iraq joined the Convention on the transparency between investors and states”  Quote:  “National Investment Commission announced on Wednesday it had signed an agreement on transparency in the arbitration treaty-based investor-State in 2014 at the United Nations headquarters in New York.”  What is very encouraging about…this article, is that it indicates that some of these international and bilateral agreements have already been signed. Which is right in line with Article 22 of the Investment Law…this is a very big tell. Why on earth would they even bother with these agreements unless they had every intention of needing them in the near future?   [post 1 of 2….stay tuned]
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Merkel Ebadi: We will send a special envoy to Iraq to support the “economic reform”

Roudao – Erbil – informed German Chancellor Angela Merkel , Iraqi Prime Minister Haider al – Abadi, Saturday, sending a special envoy to Baghdad in the coming days to support the “economic reform” plans.

He said al – Abadi ‘s office in a statement, that ” the Prime Minister Haider al – Abadi and German Chancellor Angela Merkel held in Munich today for a bilateral meeting and the meeting of joint talks, has been , during which the review of the advanced level reached by the relations between the two countries and the results of liberalization of Nineveh operations and supporting Iraqi troops and pay tribute to the sacrifices of Iraqis, as well as the reform program of the Iraqi government and issues of common interest in the region Search. ”

Merkel stressed, according to the statement, “her country ‘s commitment to the unity of Iraq and supporting Germany continuously both directly and through NATO will expand in the field of military support,” praising ” the cleanliness of the battle and respect for human rights and the protection of civilians by Iraqi forces.”

Merkel said she instructed to “send a special envoy to Iraq in the coming days to support the government ‘s economic reform plans.”

The Prime Minister Haider al – Abadi, arrived on Friday to Germany to participate in Munich Security Conference.

Read more: http://www.dinarupdates.com/showthread.php?46629-Merkel-Ebadi-We-will-send-a-special-envoy-to-Iraq-to-support-the-quot-economic-reform-quot&p=169871#post169871

BGG ~ SWEET!! When is this happening?? ASAP!!

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BGG (Dinar Guru) – Article:  “Iraq joins the Convention on transparency between investors and the States”  (the vitally important paragraph…) …”Iraq has issued a number of legislation that works to protect the investor and capital to do business in the country, at the forefront of investment law number 13 year 2006 and amendments which carries a lot of features and protection for investors, as well as important bilateral and international conventions signed by Iraq and the number of States”…   I don’t think I can stress enough – how important this is…and it may not IMMEDIATELY = what your timeline “wants” are – but it is BIG NEWS. Likely, THE TURNING POINT…   Read that last paragraph again… (and again) – This may be THE NUMBER ONE piece of Dinar News “pre-RV”.   I have been looking for a couple of important pieces to fall into place, this is one of the top 2 or 3…HANG ON!
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Aggiedad77 (Dinar Guru) –   …Prime Minister Haider Abadi, the Iraqi in Munich Security Conference…What message was VP Pence delivering to Abadi, likely IMO coming straight from President Trump…those are the true nuggets of this trip…will Abadi head back to Baghdad tonight on his own personal red-eye flight…has he been given the green light from the leader of the free world…to step Iraq into a new realm…That is what I watch for…it is coming…IMO.
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Breitling (Dinar Guru) – …Do you think President Barak Obama, President George Bush Jr., President Bill Clinton and President Trump and can get together and deem these note this value and then all of a sudden they are worth a buck?  If you think they can do that and have the power to do that then you’ll buy anything.  That’s not how it works.  They still have to reduce the note count no matter what.  No country in the last 100 years has gone outside those principles.  This is very easy to follow.   [Post 2 of 2]
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Iraqi Dinar/Dollar auction 02-19-17 (most recent listing)

Currency Auctions Announcement No. 3384

This daily currency auction was held in the Central Bank of Iraq on the 02-19-2017

The results were as follows:

More: http://dinarupdates.com/blog/
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