Head of the IMF mission’s (term) interest peg to the dollar rather than a large reduction of the Iraqi economy
Baghdad / Zahraa Al-Jassem Being talked at length between the economic circles, whether legislative or specialized for what the International Monetary Fund for Iraq loans and its usefulness out of the current financial crisis in the aftermath of the decline in global oil prices, Sometimes some people talk about being open field ahead of us to get the facilities and loans and support for international financial organizations and countries major, in accordance with the international financial umbrella obtained by Iraq , up nearly 20 billion dollars, with what he sees others that borrow from the fund is very important for Iraq but also strengthens its position externally in terms of financial transactions, and sometimes others were skeptical of this argument, pointing out that, loans would not But the burden of borrowed state financial obligations and Tkplha debts for many years, with the facts that can not be overlooked after the repercussions of the occupation of Daesh for a number of Iraqi cities , and his successor from the huge numbers of displaced people and the destruction of the infrastructure of those areas, requiring reconstruction after liberation, not to mention the costs of these the war that no one can yet appreciated.
Kaperoni (Dinar Guru) – Delegation from US Congress visiting Iraq says…”Iraq on the verge of a big boom.”
______________________________________________________________
Loop (Dinar Guru) – Article: “Head of the IMF mission’s (term) interest peg to the dollar rather than a large reduction of the Iraqi economy” The head of the IMF mission in Iraq is answering questions. THe IMF is saying that to decrease the value of the dinar against the dollar would only lead to inflation and that the CBI has the needed reserves to support the economy. [we certainly dont want it devalued any more.] It won’t. THere is no reason for it. Their economy is expanding so why on earth would the throw it into reverse? Just like I do not think a float is going to happen. They also are saying that there is no issue with the debt that they have taken on to support the country as long as the follow the process as outlined in the SBA.
______________________________________________________________
BGG (Dinar Guru) – The BIGGEST article of the day… “Director of the Issuance Department of the Central Bank: Printed currency volume exceeds 11 billion and 600 million dinars” (the title is a little weak for the content of the article)…the title should have read RV- RV- RV!! Quote: “Most of the Iraqi Central Bank steps are subject to political and legal environment of the country, especially in regard to the deletion of zeros…” …this is what you are after – EXACTLY. PERIOD. it’s isn’t a removing of the 000 from the notes…it isn’t a changing of the DECIMAL POINT…it isn’t a change in the nominal value…IT’S A CHANGING OF THE REAL VALUE and A BRINGING IN OF THE BIG NOTES… “…deleting the big 000 notes from the market place” = RV. [post 1 of 2….stay tuned]
______________________________________________________________ BGG (Dinar Guru) – …they have no intent on bringing out any bigger note classes – THEY DON’T NEED IT… value is going the other way…nowhere in there does it mention Article 140 – HCL – or anything else… nor does it bother to mention any laws needing passed… just a few changes. (aka – AMENDMENTS) [Also key phrase is “where it should be FOLLOWED by” Meaning the laws should be changed AFTER.] BINGO! money first – laws AFTER! why?They need to get this done now! This is about as much heads up as they are willing to give anyone…if they change the laws ahead of time – EVERYONE WILL KNOW. BIGGEST PIECE YET…here it comes… “On the other hand, the technical preparations are underway by us.” Meaning – on the other side of everything he’s said so far… they are and have been already making technical preparations (by the CBI). Pretty plain – if you ask me…pretty huge news... [post 2 of 2]
______________________________________________________________
Follow us on twitter @DinarUpdates !!
Dinar Updates – “NEWS TIME” w/MadDScout & Facebook Crew – April 13th 6:30pm CST – In the DU CHAT Room!!
MadDScout (Dinar Guru) – Article: “Rasheed Bank directs its branches to open documentary credits to public and private sector companies” Another way of getting business used to the banks. There is gobs of banking reform news out there. ...it has not always been this way. These are the many gears that are turning So to ask about hold ups is to not have a good grasp on what this whole situation encompasses.
______________________________________________________________ Delta (Dinar Guru) –MASTERCARD SHOWING IQD NOW. 1 IQD = 0.000888 USD. ANOTHER ONE IS SHOWING NOW BLOOMBERG…COME ON CBI JUST DO IT.
______________________________________________________________ MadDScout (Dinar Guru) – [As we look for signals of a rate change coming, are there any similarities we can find with other countries who have been through this?] …I would say this is a very unique situation, as compared with other countries situations, and as BGG put’s it, “there is no actionable intel”.
______________________________________________________________
Director of the Issuance Department of the Central Bank: Printed currency volume exceeds 11 billion and 600 million dinars
Most of the Iraqi Central Bank steps are subject to political and legal environment of the country , especially in regard to the deletion of zeros that counted specialists in the earlier trend sensitive and dangerous may still be , but the central remains the most important institution in terms of the need to adjust the financial management in light of the financial crisis experienced by the the Iraqi economy, which must have to deal with dilemmas , whether with regard to the citizen or the work of the central bank itself.
1bobby (Dinar Guru) – Article: “Office: Abadi agreed with the delegation of the Kurdistan Region to remove obstacles that prevented the activation of Article 140” The infamous Art 140 is in the Constitution, just not activated and or implemented. Now 140 does not cover all of Iraq, just Kirkuk and the disputed territories, Kikuk being ground zero. With Abadi agreeing to remove all obstacles to implement 140 is a HUGE step forward and something the Kurds can work with. Now while there are numerous cities/districts covered under 140, Kirkuk is the main concern. Kirkuk sits atop one of the largest oil reserves in Iraq, most reports estimate over 40 billion barrels of oil. …If Abadi is willing to remove the obstacles, then the Kurds will control Kirkuk. This action does not require a Parliamentary vote since it’s already in the Constitution.What Baghdad wants is what the constitution states “All oil within Iraq belongs to all Iraqi’s“…So if the Kurds get what they want, Baghdad will want all oil proceeds to flow thru Baghdad and then %’s will be distributed accordingly. We’ll just have to let this play out and see what they do, not what they say.
______________________________________________________________
MadDScout (Dinar Guru) – [What’s left before NEEDED to be taken off programmed rate?] Answer: That is what we are watching for. But from CBI (Alak’s) view, they are looking for stability…social, political, economic, security, take your pick as to how much of each of those goes into the criterion they are looking toward.
______________________________________________________________
Kaperoni (Dinar Guru) – Article: “The call for legislation of “important” laws before the end of the parliamentary session” Quotes: “The oil and gas laws, the Reconstruction Council, the Federal Service Council and the Federal Court Act, as well as the amending law of the amnesty law, are among the most outstanding laws that should be resolved as soon as possible,” the bloc said in a statement.” “noting that “the need to resolve to see the light soon.” …the only wildcard is if the US, UN etc get involved. We have seen in the past when something must be passed, it is done so with a little pressure. If the doors are ready to open, be assured what law or laws need to be passed will get done.
______________________________________________________________
MadDScout (Dinar Guru) – [We have always heard when article 140 and HCL are put into place and activated we should see the rate within hours of implementation. We know Mosul is a key part. Can they implement HCL and Article 140 on a program rate?] Answer: That theory is old and unfounded, and tends to put events in the wrong order, according to what we know right now. Being as this is never mentioned in any of Alaks statements when asked about what the CBI needs to make full monetary reforms, I have put it out of my vocabulary. As to the third part of your question, can they implement 140 at program rate, I think it is so far in the future (Art140) they will have a “rate” by then. But IMO one doesn’t equal the other. They are stand alone issues, unhinged one from another. Rate is only important to us.
______________________________________________________________
Kaperoni (Dinar Guru) – Article: “Abadi: Two months separating Iraq’s exit from Chapter VII” [It would seem that Iraq’s removal of Chapter 7 would occur before the dinar becomes marketable and begins to float…] …though it’s important for Iraq to have it’s own currency once sovereign, I do not think they are directly related. When the dinar floats is a more of a decision of the CBI based on monetary policy. IMO, I do not expect it to begin until just before foreign investment begins to pour into Iraq.
______________________________________________________________
Baghdad Says U.S. Pledges Continued Support for Iraq’s War Against IS
BAGHDAD (Reuters) – U.S. Vice President Mike Pence on Saturday assured Iraqi Prime Minister Haider al-Abadi of continued U.S. support to defeat Islamic State, the Iraqi government said in a statement.
The two discussed the situation in Syria and the war on Islamic State in a phone call from Pence following Friday’s U.S. strikes on a Syrian airbase to punish a chemical attack that killed scores of civilians this week in an area held by the opposition to Syrian President Bashar al-Assad.
Frank26 (Dinar Guru) – We are in the next step of the monetary reform… many asked why they were putting more IQD’s …more 3 zeros back into the market in Iraq? We never said they were putting 3 zeros back into the market, we said they were putting dinars back into the market to accomplish: #1 – MCP – elimination of the USD’s. #2 – to educate the citizens. It’s NOT the value of the notes thats important…IT’S THE NOTE COUNT …remember ONE 50k note …would be equivalent to FIVE 10k notes…One 50k note…that they bring into the bank…because they are going to get it as “pay” – they would have to bring back FIVE 10k notes…would they not? [Reducing the note count]So what about your 3 zeros notes? Your 3 zero notes are going to the FEDS. It’s internally. That is where the monetary reform (MR) is now.
______________________________________________________________
Frank26 (Dinar Guru) –The goal is to de-dollarize the markets of Iraq. This will occur by doing 1,000 to 1…which IMO…is going on right now. When they do change the EXCHANGE RATE…to show 1 to 1…YES! …at that time, they will introduce more dinars…but guess what kind? The LOWER-DENOMS. Not the 50k they are using in their pay. This process will be concurrent – (at the same time). We never said they were putting Iraqi notes back into the market. This process is to take those notes away from the market. You will NOT see this 1,000 to 1 on the CBI website…it is 1 to 1 that you will see someday on the CBI website …IMO…that is VERY CLOSE …right around the corner…because they are doing 1,000 to 1 right now.
______________________________________________________________
A Dinar Updates “FaceBook Live”!! “LIVE Q&A with BGG” from – Apr 7th In the DU FaceBook Group!!
Adam Montana (Dinar Guru) –[…are we just pretty much waiting on the total liberation of Mosul or what? I know, I know…the HCL must be passed and all that, but it seems as if Mosul is a real turning point?] Total liberation of Mosul? No sir, I do not believe Mosul will ever be totally liberated, nor will ISIS/ISIL/(Or Any Other Terror Group) be completely “eradicated”. The “war on terror” will never be “won”, we can only hope to keep it at a “manageable level”, and I believe we are pretty close to achieving that already, if not completely done achieving it.
______________________________________________________________
Frank26 (Dinar Guru) – […just want to make sure I understand correctly…any country in history that went through a currency reval… redenom…etc. always revealed their 1000:1 exchange rate. However, this time, with Iraq, we will NOT be seeing the 1000:1 exchange rate. We’ll see the 1:1 at its appropriate time. Correct?] IMO…Yes.
______________________________________________________________
Adam Montana (Dinar Guru) – […are you still as positive this week about the HCL being implemented as you were a few weeks ago?… and can Iraq change the rate anytime they want throughout the year or does it have to be done by the first quarter?] Absolutely yes! And they can do this any time they want, there are absolutely no real restrictions. “Any given Sunday”, as they say… or Monday, Tuesday, etc. [Do you think is possible to see an RV in 2017…] YES, emphatically so!
______________________________________________________________
Safe Zones As Soft Military Occupation: Trump’s Plan For Syria, Iraq Is Taking Shape
The Trump administration is moving closer to its goal of creating “safe zones” within Syria. Though this strategy may be described as a humanitarian effort, the sizable increase in military presence that it will bring looks more like an invasion in disguise.
Kaperoni (Dinar Guru) – “REPORT: Is the Iraqi dinar Recovering?” Quote: “With the economic boom led by the oil industry in Iraq, the national currency will rise eventually to reflect the true value of the oil indispensability of the country. It is likely to happen up when the central bank raises the value of the dinar.” Nice to hear them talk about the potential and process for the dinar. That being said, Iraq has not passed a significant law in quite a while even though many have called for them to do so. Yes, the banking system has made progress the last year under the guidance of the IMF, but it’s time Iraq does it’s part and pass the laws, to create the environment for investment. Then we shall see what happens.
______________________________________________________________
Loop (Dinar Guru) – Article: “Iraq: Confidence is in the Air” Quotes: “…there was a strong sense that Iraq’s fortunes are turning a corner…” “Confidence has returned to Baghdad — it is in the air! Baghdad is confident again, and it’s absolutely wonderful.” The IBBC (Iraq Britain Business Council) Spring Conference has started.
______________________________________________________________
Positive for the development of Iraq’s future outlook will have a positive impact among investors
Economy News / translation …
A report of the Network (CNBC) American that confidence expressed by Fitch International Foundation bisect the credit of the Iraqi economy last month, which will have a positive impact on investment in Iraq.
Network wrote in its report that Fitch gave Iraq rating B + with a positive outlook for the future, which believes it will be stable, although it is fighting a war against (Daesh).
She added that Fitch placed Iraq at the level of B + due to political risks and instability caused by conflicts going through.
Abadi: Iraq is moving toward stability and community reconciliation
Iraqi Position Network Iraqi Prime Minister Haidar al-Abadi said Sunday that Iraq is moving toward stability and community reconciliation and that the country has enormous potential for investment.
“The Iraqi position” on the need for institutional reform of the state and create jobs for new energies in the country.
He pointed out that the Iraqi budgets during the past years have accumulated with the growth and growth of the population throughout the country, so that the population will double in Iraq in a quarter of a century and will double the need for energy, “electricity and oil” over the next 15 years.
Al-Abbadi explained that Iraq is running for energy and that we seek to benefit from every barrel of oil and every torch of gas burned, declaring that the five-year plan is no longer sufficient and reliable for production because of the ongoing wars, which led to the decline of economic growth, the budgets of Iraq can no longer be sufficient to meet and cover The cost of current population growth.
Director of the Issuance Department of the Central Bank: Printed currency volume exceeds 11 billion and 600 million dinars
Most of the Iraqi Central Bank steps are subject to political and legal environment of the country , especially in regard to the deletion of zeros that counted specialists in the earlier trend sensitive and dangerous may still be , but the central remains the most important institution in terms of the need to adjust the financial management in light of the financial crisis experienced by the the Iraqi economy, which must have to deal with dilemmas , whether with regard to the citizen or the work of the central bank itself…
…with the central quest to carry out an information campaign to educate the public on how to distinguish between the original currency and Almzorh.oicol behind on a question about the possibility of having higher versions of a class (50000 ) dinars?
– No at present intention to issue a higher class category (50000) dinars.
* What about the subject of the deletion of zeros and the reason for the delay?
– the decision on the deletion of zeros cannot be taken in isolation from the political and legal environment in the country under conditions the security situation as a result of terrorist acts and exit p D from the provinces outside the control of the state for the years 2014.2015, 2016 which prevents certainly to wait in the implementation of this project , in addition to that this must be done in coordination with all state departments and the private sector, where it should be followed by changing the paragraphs contained in the various laws, which include a reference to fines or lump – sum collection of fees, must also change the financial and statistical records in order to conform with the project process the deletion of zeros. On the other hand, the technical preparations are underway by us…
BGG (Dinar Guru) – The BIGGEST article of the day… “Director of the Issuance Department of the Central Bank: Printed currency volume exceeds 11 billion and 600 million dinars” (the title is a little weak for the content of the article)…the title should have read RV- RV- RV!! Quote: “Most of the Iraqi Central Bank steps are subject to political and legal environment of the country, especially in regard to the deletion of zeros…” …this is what you are after – EXACTLY. PERIOD. it’s isn’t a removing of the 000 from the notes…it isn’t a changing of the DECIMAL POINT…it isn’t a change in the nominal value…IT’S A CHANGING OF THE REAL VALUE and A BRINGING IN OF THE BIG NOTES… “…deleting the big 000 notes from the market place” = RV. [post 1 of 2….stay tuned]
______________________________________________________________ BGG (Dinar Guru) – …they have no intent on bringing out any bigger note classes – THEY DON’T NEED IT… value is going the other way…nowhere in there does it mention Article 140 – HCL – or anything else… nor does it bother to mention any laws needing passed… just a few changes. (aka – AMENDMENTS) [Also key phrase is “where it should be FOLLOWED by” Meaning the laws should be changed AFTER.] BINGO! money first – laws AFTER! why?They need to get this done now! This is about as much heads up as they are willing to give anyone…if they change the laws ahead of time – EVERYONE WILL KNOW. BIGGEST PIECE YET…here it comes… “On the other hand, the technical preparations are underway by us.” Meaning – on the other side of everything he’s said so far… they are and have been already making technical preparations (by the CBI). Pretty plain – if you ask me…pretty huge news... [post 2 of 2]
______________________________________________________________
Follow us on twitter @DinarUpdates !!
Dinar Updates – “NEWS TIME” w/MadDScout & Facebook Crew – April 13th 6:30pm CST – In the DU CHAT Room!!
MadDScout (Dinar Guru) – Article: “Rasheed Bank directs its branches to open documentary credits to public and private sector companies” Another way of getting business used to the banks. There is gobs of banking reform news out there. ...it has not always been this way. These are the many gears that are turning So to ask about hold ups is to not have a good grasp on what this whole situation encompasses.
______________________________________________________________ Delta (Dinar Guru) –MASTERCARD SHOWING IQD NOW. 1 IQD = 0.000888 USD. ANOTHER ONE IS SHOWING NOW BLOOMBERG…COME ON CBI JUST DO IT.
______________________________________________________________ MadDScout (Dinar Guru) – [As we look for signals of a rate change coming, are there any similarities we can find with other countries who have been through this?] …I would say this is a very unique situation, as compared with other countries situations, and as BGG put’s it, “there is no actionable intel”.
______________________________________________________________
1bobby (Dinar Guru) – Article: “Office: Abadi agreed with the delegation of the Kurdistan Region to remove obstacles that prevented the activation of Article 140” The infamous Art 140 is in the Constitution, just not activated and or implemented. Now 140 does not cover all of Iraq, just Kirkuk and the disputed territories, Kikuk being ground zero. With Abadi agreeing to remove all obstacles to implement 140 is a HUGE step forward and something the Kurds can work with. Now while there are numerous cities/districts covered under 140, Kirkuk is the main concern. Kirkuk sits atop one of the largest oil reserves in Iraq, most reports estimate over 40 billion barrels of oil. …If Abadi is willing to remove the obstacles, then the Kurds will control Kirkuk. This action does not require a Parliamentary vote since it’s already in the Constitution.What Baghdad wants is what the constitution states “All oil within Iraq belongs to all Iraqi’s“…So if the Kurds get what they want, Baghdad will want all oil proceeds to flow thru Baghdad and then %’s will be distributed accordingly. We’ll just have to let this play out and see what they do, not what they say.
______________________________________________________________
MadDScout (Dinar Guru) – [What’s left before NEEDED to be taken off programmed rate?] Answer: That is what we are watching for. But from CBI (Alak’s) view, they are looking for stability…social, political, economic, security, take your pick as to how much of each of those goes into the criterion they are looking toward.
______________________________________________________________
Kaperoni (Dinar Guru) – Article: “The call for legislation of “important” laws before the end of the parliamentary session” Quotes: “The oil and gas laws, the Reconstruction Council, the Federal Service Council and the Federal Court Act, as well as the amending law of the amnesty law, are among the most outstanding laws that should be resolved as soon as possible,” the bloc said in a statement.” “noting that “the need to resolve to see the light soon.” …the only wildcard is if the US, UN etc get involved. We have seen in the past when something must be passed, it is done so with a little pressure. If the doors are ready to open, be assured what law or laws need to be passed will get done.
______________________________________________________________
MadDScout (Dinar Guru) – [We have always heard when article 140 and HCL are put into place and activated we should see the rate within hours of implementation. We know Mosul is a key part. Can they implement HCL and Article 140 on a program rate?] Answer: That theory is old and unfounded, and tends to put events in the wrong order, according to what we know right now. Being as this is never mentioned in any of Alaks statements when asked about what the CBI needs to make full monetary reforms, I have put it out of my vocabulary. As to the third part of your question, can they implement 140 at program rate, I think it is so far in the future (Art140) they will have a “rate” by then. But IMO one doesn’t equal the other. They are stand alone issues, unhinged one from another. Rate is only important to us.
______________________________________________________________
Kaperoni (Dinar Guru) – Article: “Abadi: Two months separating Iraq’s exit from Chapter VII” [It would seem that Iraq’s removal of Chapter 7 would occur before the dinar becomes marketable and begins to float…] …though it’s important for Iraq to have it’s own currency once sovereign, I do not think they are directly related. When the dinar floats is a more of a decision of the CBI based on monetary policy. IMO, I do not expect it to begin until just before foreign investment begins to pour into Iraq.
______________________________________________________________
Baghdad Says U.S. Pledges Continued Support for Iraq’s War Against IS
BAGHDAD (Reuters) – U.S. Vice President Mike Pence on Saturday assured Iraqi Prime Minister Haider al-Abadi of continued U.S. support to defeat Islamic State, the Iraqi government said in a statement.
The two discussed the situation in Syria and the war on Islamic State in a phone call from Pence following Friday’s U.S. strikes on a Syrian airbase to punish a chemical attack that killed scores of civilians this week in an area held by the opposition to Syrian President Bashar al-Assad.
Frank26 (Dinar Guru) – We are in the next step of the monetary reform… many asked why they were putting more IQD’s …more 3 zeros back into the market in Iraq? We never said they were putting 3 zeros back into the market, we said they were putting dinars back into the market to accomplish: #1 – MCP – elimination of the USD’s. #2 – to educate the citizens. It’s NOT the value of the notes thats important…IT’S THE NOTE COUNT …remember ONE 50k note …would be equivalent to FIVE 10k notes…One 50k note…that they bring into the bank…because they are going to get it as “pay” – they would have to bring back FIVE 10k notes…would they not? [Reducing the note count]So what about your 3 zeros notes? Your 3 zero notes are going to the FEDS. It’s internally. That is where the monetary reform (MR) is now.
______________________________________________________________
Frank26 (Dinar Guru) –The goal is to de-dollarize the markets of Iraq. This will occur by doing 1,000 to 1…which IMO…is going on right now. When they do change the EXCHANGE RATE…to show 1 to 1…YES! …at that time, they will introduce more dinars…but guess what kind? The LOWER-DENOMS. Not the 50k they are using in their pay. This process will be concurrent – (at the same time). We never said they were putting Iraqi notes back into the market. This process is to take those notes away from the market. You will NOT see this 1,000 to 1 on the CBI website…it is 1 to 1 that you will see someday on the CBI website …IMO…that is VERY CLOSE …right around the corner…because they are doing 1,000 to 1 right now.
______________________________________________________________
A Dinar Updates “FaceBook Live”!! “LIVE Q&A with BGG” from – Apr 7th In the DU FaceBook Group!!
Adam Montana (Dinar Guru) –[…are we just pretty much waiting on the total liberation of Mosul or what? I know, I know…the HCL must be passed and all that, but it seems as if Mosul is a real turning point?] Total liberation of Mosul? No sir, I do not believe Mosul will ever be totally liberated, nor will ISIS/ISIL/(Or Any Other Terror Group) be completely “eradicated”. The “war on terror” will never be “won”, we can only hope to keep it at a “manageable level”, and I believe we are pretty close to achieving that already, if not completely done achieving it.
______________________________________________________________
Frank26 (Dinar Guru) – […just want to make sure I understand correctly…any country in history that went through a currency reval… redenom…etc. always revealed their 1000:1 exchange rate. However, this time, with Iraq, we will NOT be seeing the 1000:1 exchange rate. We’ll see the 1:1 at its appropriate time. Correct?] IMO…Yes.
______________________________________________________________
Adam Montana (Dinar Guru) – […are you still as positive this week about the HCL being implemented as you were a few weeks ago?… and can Iraq change the rate anytime they want throughout the year or does it have to be done by the first quarter?] Absolutely yes! And they can do this any time they want, there are absolutely no real restrictions. “Any given Sunday”, as they say… or Monday, Tuesday, etc. [Do you think is possible to see an RV in 2017…] YES, emphatically so!
______________________________________________________________
Safe Zones As Soft Military Occupation: Trump’s Plan For Syria, Iraq Is Taking Shape
The Trump administration is moving closer to its goal of creating “safe zones” within Syria. Though this strategy may be described as a humanitarian effort, the sizable increase in military presence that it will bring looks more like an invasion in disguise.
Kaperoni (Dinar Guru) – “REPORT: Is the Iraqi dinar Recovering?” Quote: “With the economic boom led by the oil industry in Iraq, the national currency will rise eventually to reflect the true value of the oil indispensability of the country. It is likely to happen up when the central bank raises the value of the dinar.” Nice to hear them talk about the potential and process for the dinar. That being said, Iraq has not passed a significant law in quite a while even though many have called for them to do so. Yes, the banking system has made progress the last year under the guidance of the IMF, but it’s time Iraq does it’s part and pass the laws, to create the environment for investment. Then we shall see what happens.
______________________________________________________________
Loop (Dinar Guru) – Article: “Iraq: Confidence is in the Air” Quotes: “…there was a strong sense that Iraq’s fortunes are turning a corner…” “Confidence has returned to Baghdad — it is in the air! Baghdad is confident again, and it’s absolutely wonderful.” The IBBC (Iraq Britain Business Council) Spring Conference has started.
______________________________________________________________
Positive for the development of Iraq’s future outlook will have a positive impact among investors
Economy News / translation …
A report of the Network (CNBC) American that confidence expressed by Fitch International Foundation bisect the credit of the Iraqi economy last month, which will have a positive impact on investment in Iraq.
Network wrote in its report that Fitch gave Iraq rating B + with a positive outlook for the future, which believes it will be stable, although it is fighting a war against (Daesh).
She added that Fitch placed Iraq at the level of B + due to political risks and instability caused by conflicts going through.
Abadi: Iraq is moving toward stability and community reconciliation
Iraqi Position Network Iraqi Prime Minister Haidar al-Abadi said Sunday that Iraq is moving toward stability and community reconciliation and that the country has enormous potential for investment.
“The Iraqi position” on the need for institutional reform of the state and create jobs for new energies in the country.
He pointed out that the Iraqi budgets during the past years have accumulated with the growth and growth of the population throughout the country, so that the population will double in Iraq in a quarter of a century and will double the need for energy, “electricity and oil” over the next 15 years.
Al-Abbadi explained that Iraq is running for energy and that we seek to benefit from every barrel of oil and every torch of gas burned, declaring that the five-year plan is no longer sufficient and reliable for production because of the ongoing wars, which led to the decline of economic growth, the budgets of Iraq can no longer be sufficient to meet and cover The cost of current population growth.
BGG (Dinar Guru) – [Kushner is in Iraq at the invitation of Gen. Dunsford…it might not mean anything…but there was a lot of rumor about that a few weeks ago…] …what it means is… our President wants his most trusted people on the ground in Iraq. He’s engaged. Not trying to bail out!!
______________________________________________________________
BGG (Dinar Guru) – Article: “Abadi: Iraq is moving toward stability and community reconciliation” The title and first paragraph uses all the reform buzzwords immediately. Abadi: Iraq is moving toward stability and community reconciliation. 1) Stability 2) Reconciliation (important to the UN) “…Iraq is moving toward stability and community reconciliation and that the country has enormous potential for investment…” Boom – mic drop…
______________________________________________________________
BGG (Dinar Guru) – Article: “Abadi calls during his meeting with the Secretary of the United Nations to remove Iraq from Chapter VII” I don’t think the UN will remove Iraq from Ch 7 immediately… nor do I think it matters one way or the other – to us.
A military source: besieged Baghdadi in Mosul and near the end
{Baghdad: Euphrates News} a military source said early on Sunday that security forces are likely to be Abu Bakr al-Baghdadi, leader of the terrorist gangs Daesh occurred in the siege in Mosul and its end came close.
The source said that “what is likely to conclude the Iraqi military, infiltration attempt Aldoaash ten days ago in a convoy of vehicles quad payment backed by a few tanks to the Iraqi city of Tal Afar , near Mosul from Syria.”
He added, ” The terrorists tried to decipher the ring referred to followers of them trapped in Tal Afar, in order to serve in the event of the success of their plan to strengthen their abilities to march on Mosul.”
He pointed to “enable the popular crowd forces from the liquidation of all those who were in the convoy mentioned Aldoaash mentioned, while likely Our analysts to be the purpose behind trying to infiltrate terrorists into Tal Afar and then Mosul, the evacuation of the remaining leaders in Daesh there, or save Baghdadi himself, especially and we do not rule out its presence in Mosul. ”
1bobby (Dinar Guru) – Article: “The IMF is discussing boosting tax revenues in Iraq” The taxes and Tariff’s weren’t working to the expectations of the IMF, so they suggested to raise both. Recall the tax structure was part of the Structural Benchmarks NOT met during the SBA Review. What they are implementing is opening the private sector, put your citizens to work, take the taxes from them and products, and BAM you have more non oil revenue. …the IMF also mentioned bringing in the International Finance Corporation to assist in this lack of revenue endeavor. So everything is coming together. The hardest part is waiting.
______________________________________________________________
DAZ (Dinar Guru) – AND, WHEN A SATISFACTORY CONDITION AND ALIGNMENT OF ALL THE VARIOUS INTERESTS AND POWER STRUCTURES INVOLVED HAVE REACHED A POINT OF REASONABLE SATISFACTION THAT THEIR INTERESTS AND GOALS ARE MET… THEY WILL JUST AS SIMPLY…”TURN THE MONEY BACK ON”. IT WILL ALL COME TOGETHER WITH A PUBLIC RELEASE AND PERMISSION FOR ALL OF US TO EXCHANGE IN ANY MANNER WE WANT, ALMOST ANYWHERE WE WANT…AND IT WILL BE A SAFE, ORGANIZED, ULTIMATELY FAIR AND REASONABLY SIMPLE BUSINESS TRANSACTION. WE’RE READY WHEN THEY’RE READY. [post 2 of 2]
______________________________________________________________
Iraq will not sever ties with Iran despite pressure from Arab nations
AMMAN, Jordan – Iraq will not sever ties with neighboring Iran under pressure from other Arab countries, the Iraqi Foreign Minister confirmed to Rudaw on the sidelines of the Amman Summit as a draft resolution is being considered by the Arab League members calling on Tehran to cease meddling in affairs of the region.
“Iraq is not ready to step towards agitating the region and will not sever ties with any neighboring country,” Ibrahim al-Jaafari told Rudaw, referring to its Shiite neighbor Iran, a strong ally of Baghdad.
Baghdad is not willing to cut ties with any neighboring country, even Turkey, Jaafari said, despite growing differences between the two over the presence of Turkish troops in northern Iraq.
“Do you know that when I am speaking right here Turkish troops are in Iraq, but we have not ended relations with Turkey,” he said.
He stressed that Iraq is doing its best to have friendly relations with its neighbors.
“We do our outmost to lead our relations to go on the right way,” he said, confidently.
DAZ (Dinar Guru) – IRAQ HAS ALWAYS BEEN A WEALTHY, RICH CULTURE WITH A STRONG HERITAGE AND SIGNIFICANT HISTORY. IRAQ ALWAYS HAD AMPLE RESOURCES AND A STRONG ECONOMY… IN ITS OWN RIGHT. THEIR MONEY ALWAYS HAD VALUE, HISTORICALLY AND CONSISTENTLY. DUE TO PRESSURES TO ENACT A LIBERATION OF IRAQ AND EFFECT A REGIME CHANGE…A COALITION OF NATIONS “TURNED OFF THE MONEY (DINAR)” AS PART OF A WAR EFFORT AND STRATEGIC ASSAULT TO DEBASE THE FINANCES OF REVOLT, RESISTANCE AND INSURGENCY AGAINST THAT CHANGE IN 2004. THERE WAS, AND STILL IS, A PLAN TO GIVE REBIRTH AND REVITALIZE THAT ECONOMY, INFLUENCE THAT CULTURE AND, EVENTUALLY EMBRACE IRAQ, ITS PEOPLE AND THEIR WEALTH AND TRADE INTO THE GLOBAL ECONOMIC FOLD. [post 1 of 2….stay tuned]
______________________________________________________________
Frank26 (Dinar Guru) – FRESH FORM IRAQI TV… “The financial crisis has not led to the collapse of the dinar or to a major inflation in prices,” Prime Minister Haider al-Abbadi said.” Even A [Abadi] defends his Nation’s Currency now…Where there use to be embarrassment …There is soon to be a Value of Pride and Unity for Iraq and as a Donor Currency…For The reconciliation of The ME.( middle east).
______________________________________________________________
Kaperoni (Dinar Guru) – I think many in and out of Iraq believe the dinar is under valued. We have even heard “grossly under valued” before in statements. The fact is, the CBI is and must follow the directives of the IMF. No if’s, and’s about it. We cannot pick and choose what we read in IMF documents, if we believe the IMF, we must accept it all. Therefore, we see the CBI following the directives, attempting to remove restrictions (ie. the spread), rebuilding the banking system, removing restrictions on foreign exchange, cracking down on corruption and money laundering all in an attempt to prepare for Article VIII and freedom of movement of capital in and out of Iraq. Let it come to us.
______________________________________________________________
BGG (Dinar Guru) –When we talk about the price tag the IMF and the UN have put on Mosul…one has to wonder exactly what leverage the UN has in this game… It is clear what say the IMF has – they are the IMF… but the UN, on the other hand, not so clear…unless viewed through this narrow window. I doubt the UN will allow Iraq an immediate exit from Chapter 7 – the sanctions, yes… the protection… I just doubt it. What does this mean for us? As long as they are doing as the IMF and UN have laid out for them – no reason the IMF and the UN won’t support a return “international acceptance and integration”…and that is all any of us care about. [what has to happen for them to get out of chapter 7] A better question – and the one we all really want to know is… do they even have to be fully out of Chapter 7? My guess. No – they do not…
______________________________________________________________
1bobby (Dinar Guru) – …if we look at CH 7,the 2 big ones that were given back to Iraq were the right to defend themselves and control of their currency. Having the U.N announce the removal of CH 7 to the world is what Abadi’s looking for.
______________________________________________________________
MadDScout (Dinar Guru) – Article: “Abadi calls during his meeting with the Secretary of the United Nations to remove Iraq from Chapter VII” IMO) Abadi can only be asking because, along with other criteria, they are ready, or he would not have asked in front of the world…I think it says volumes about where they are.
______________________________________________________________
A Dinar Round Table Call “with the whole DU Crew” from Tues nite – Apr 4th Click-N-Listen!!
Kaperoni(Dinar Guru) – Article: “Abadi calls during a meeting with Secretary of the United Nations to remove Iraq from Chapter VII” Quote: “{Baghdad} Euphrates News called on Prime Minister Haider al-Abadi to remove Iraq from Chapter VII to end the occupation of Kuwait and file resolutions imposed on the people of Iraq because of Saddam’s regime policies.” This is important and will motivate them to get the dinar engaged with the global financial system.
______________________________________________________________
1bobby (Dinar Guru) – Article: “Abadi calls during his meeting with the Secretary of the United Nations to remove Iraq from Chapter VII” We knew that Iraq was NOT out of Chapter 7, but not in a stranglehold as they had been. They now have the right to defend themselves and control their currency. The issues that are outstanding are the reparations to Kuwait and to the best of my knowledge the Oil for Food/Medicine Program. Now if we look back to late last year Iraq made an announcement that the OFP had ended. If we recall the U.N Rep stated that Iraq has made great progress as far as the OFP and the June date was set as a “let’s see what happens between now and then” kind of a date. For Abadi to publicly come out and ask the U.N Secretary General to no longer associate Iraq with Ch 7, is a big move on his part and I doubt he’s expecting a no answer.They can still have working files, but to have the U.N come out and publicly rid Iraq of the CH 7 shadow would be a huge move forward. As we have seen Kuwait has been a big supporter of Iraq as of late and has continuously been working with Iraq on outstanding issues.
______________________________________________________________
Kaperoni (Dinar Guru) – Article: “Iraq’s Current Economic Outlook And How it Can Affect Dinar Value” Quote: “With the economic boom led by Iraq’s oil industry, the national currency in the form of the Dinar will eventually rise to reflect the true value of the country’s oil wealth. The rise will most likely happen when the National Bank of Iraq lifts the artificially low value placed on the nation’s currency in 2003.” The problem with that statement is the dinar is not artificially low. It reflects the current exchange rate based on the current conditions. Remember, Shabibi raised the value already from about 3000 / $1 to 1186 /$1 back in 2004-2005 to reduce inflation. Until the market economy takes off, IMO we will not the dinar rise the remainder of the way. To me, making such a statement as “artificially low value”…shows a lack of understanding…
______________________________________________________________
Chattels (Dinar Guru)- Article: “Iraqi News reporting US troop level increases. “America sends more troops to Iraq” It will be interesting to look for commentary in the news from Sadr and others.
______________________________________________________________
Loop (Dinar Guru)- Article: “Iraqi command: western Mosul battle finished “on the military level” Quotes: “western Mosul is done on the military level”, adding that “what is left to do is to purge the remaining areas”. “The remaining Islamic State members in the western side of Mosul are “gangs remnants that are targeted accurately by security forces”. What he is saying is that what is left are gangs and not an organized resistance.
______________________________________________________________
Kaperoni (Dinar Guru)- Article: “Governmental directives to amend legislation in the transition to a free economy” Quote: “The government proceeding towards a free economy and stimulate the private sector and this trend is accompanied by procedural and legal amendments.” He added that ” the General Secretariat will spare no effort to support the upgrading of Iraq on the highest indicators according to the World Bank standards.” We will have to watch the agenda’s the next few weeks and see if parliament acts
______________________________________________________________
BGG (Dinar Guru)- [What are your thoughts on the new cbi logo?] Lots of changes going on at the CBI. Change is GOOD
______________________________________________________________
Trump reaffirms US commitment to Iraqi people in phone call with Abadi
BAGHDAD, Iraq — A week after meeting face-to-face in Washington, D.C., Iraqi Prime Minister Haider al-Abadi received a phone call late Wednesday night, in which US President Donald Trump reaffirmed US commitment to the Iraqi people in the fight against ISIS.
Trump emphasized that military and intelligence cooperation should continue, according to the PM’s website, adding that the courage and intelligence of the Iraqi people “who are loved and respected” by the US will inevitably banish “ISIS gangs.”…
Loop (Dinar Guru) – Article: “Iraq’s economy is now on the way to recovery” Quotes: “The World Bank’s latest economic forecast expected Iraq to bounce back in 2016, growing at 7.2% in that year and continuing at around 5% in the next few years…With the security situation now improving, and the oil price on the rise – the indicators are moving in the right direction for Iraq’s economy.” UK MP from Scotland telling a group of Scottish companies that now it the time to invest in Iraq to make huge profits in the future. She is saying the the greatest opportunity to profit from the investment is prior to their ascension into the WTO. So once again we see someone from outside of Iraq pointing out what we have known for a long time. IRAQ’S ECONOMIC POTENTIAL IS HUGE AND THEY ARE GETTING THEIR ACT TOGETHER TO REALIZE THAT.
______________________________________________________________
Frank26 (Dinar Guru) – IN MY STRONG OPINION…the MR has been going on inside of Iraq for quite awhile ago. We’ve shown you many articles of how this is possible. Infancy is NOT the starting of the MR…it is in the stage that it is in right now… WALKING…taking it’s BABY STEPS…and soon…it will start WALKING VERY FAST! The speed will pick up just like we told you. BRILLIANT CALCULATED STEPS by Abadi and Trump! The East is done is Mosul…and 95% done on the West side of Mosul. Abadi said …I will announce to the world that Mosul is liberated at the Arab Summit. Abadi is under the US control…not like a puppet …we are a TEAM …Abadi is a TEAM PLAYER…and when he returns back to Iraq…GAMES ON!
BGG (Dinar Guru) – [Would changing the rate of the Dinar have any affect on their rampant corruption issues?] Just the opposite…them dealing with their corruption issues will help the world accept a higher rate for the Dinar. I am positive this is one of the items the IMF will be discussing shortly.
______________________________________________________________
Kaperoni (Dinar Guru) – Article: “Iraq on the brink of an ambitious program looming…” I am encouraged that we will see the beginnings of currency reform within the next few months. We can hope anyway.
______________________________________________________________
Loop (Dinar Guru) – [Would changing the rate of the Dinar have any affect on their rampant corruption issues?] IMO…They have a good handle on the corruption going on in the banking sector. While they still have work to do on this front they have systems in place to catch the crooks. So I do not see it has stopping them from a rate change at this point.
______________________________________________________________
Adam Montana (Dinar Guru) – There’s one name in particular that I’m happy to see in the news: Abadi. Anyone who’s been in this for more than a couple years has seen the amazing progress that’s come about since Maliki got the boot and Abadi came stomping in with the big boy pants on! The GOI was revamped, decluttered, and streamlined. Parliament picked up the pace and got a lot of things done that were simply not happening under the previous administration, and now: 1. Abadi confirms he’s planning on running for a second term. I see this as a shoe-in, no-brainer, it will happen, DONE. (Yes, we are going to hear some noise from the Maliki Camp, I say…ignore it). 2. Abadi is working hard towards full IMF and basically global support, and the fruits are coming. [post 1 of 2….stay tuned]
______________________________________________________________
Saudi King to Abadi: with restoring Iraq to turn in big area
King Salman bin Abdul Aziz, Saudi Arabia’s support for Iraq to restore its role in the region and strengthen relations with at all levels.
Abbadi’s Office said in a statement received Agency {news Euphrates} copy of it today, “Prime Minister Haidar Al-Abbadi met on the sidelines of the Summit Arabic King Salman bin Abdulaziz…
Adam Montana (Dinar Guru) – 3. “This week on Fox News Sunday: Haider al-Abadi, Prime Minister of Iraq, in an exclusive interview.” Get your popcorn out! Abadi on with Chris Wallace this weekend. Don’t expect a huge announcement from Abadi on the RV…this is just more proof that Iraq and the PTB are not going to stay where they are. The country is poised to make a leap, and we’re watching! Another thing I am paying close attention to in the news is Saudi Arabia… there is a LOT going on with that country right now. It’s a very complex situation, but the direction is tremendously good for us and for Iraq’s future as a very powerful and wealthy country. That might be one of the reasons why Saudi Arabia is taking these steps: “Saudi Arabia plans to cancel previous debt on Iraq” Bottom line…this is happening fast, and we’re just here for the ride. [post 2
of 2]
______________________________________________________________
MadDScout (Dinar Guru) – I know Abadi had a busy day today [Tuesday]. Abadi today met with : President Trump, V.President Pence, Secretary of State Rex Tillerson, Speaker of the House Paul Ryan and members of Congress, US Trade secretary Wilbur Ross, US Chamber of Commerce, along with delegations from GE and Boeing among others.This is a very good feel of how the new US President is working in a positive way with Iraq. [post 1 of 2….stay tuned]
______________________________________________________________
MadDScout (Dinar Guru) –Article: “Abadi discusses with US Trade Secretary lifting obstacles to investment companies” Quote: “Prime Minister Haider al-Abadi, during his visit to the United States, discussed with US Commerce Secretary Wilbur Ross the promotion of trade cooperation between the two countries.” This was a very good meeting from reports. I can not remember a one day event that produced so much positive for all sectors. It was like Abadi ran the table today. LOL …was a very positive day for us investors and for Iraq as a whole. [post 2 of 2]
______________________________________________________________
Electricity: the privatization of the energy will liberate citizens from private generators expenses
Ministry confirmed the electricity, that electricity investment project (the privatization of energy) will free citizen of the restrictions and expenses of amperage, generators and all the suffering of attrition.
Backdoc (Dinar Guru) Article: “Keywords announce start implementing the e-government project” VERY INTERESTING…WE GO FROM IMPLEMENTING THE DIGITAL E- DINAR ON FEBRUARY 8TH TO NOW GOING DIGITAL FOR GOVT. FUNCTIONS! YES, THE DIGITAL BLOCKCHAIN ADDS BETTER SECURITY, SPEED, AND EFFICIENCY! THIS WILL HELP PUT A HURT ON CORRUPTION!
______________________________________________________________
Adam Montana (Dinar Guru) – You’re probably also seeing a lot of positive news regarding ISIS, Mosul, etc on the “tube”. Or at least, you aren’t seeing so many negative news stories… and you know why that is, don’t you? It’s very simple – the media isn’t making a big deal about Iraq anymore because things are going REALLY GOOD, and those aren’t the stories that sell ads! …there is a LOT of progress happening right now with oil, agreements, and security. These are exactly what we want to see! We are getting to a point in this Iraqi Dinar situation that has me excited again, finally, and it’s been a long time since I felt this upbeat about the Dinar. We’ve been going in the “right way” for a long time, but now we are on a STRONG path to victory!
______________________________________________________________
Kaperoni (Dinar Guru) – Article quote: “in addition to the reform of the banking sector to support growth led by the private sector before starting the process of reconstructionin post – Daesh.” This seems to imply the banking sector reform is just around the corner…
______________________________________________________________
Tourism’s “economy News”: Iraqi antiquities need to pause
Economy News / special It demanded Tourism and Antiquities Authority necessity that there be a serious stand of Iraqi antiquities and make it an important tributary of the Iraqi tourism.
The general director of the tourist facilities in the Authority, Mahmoud al-Zubaidi (News of the economy), that Iraq holds a history spanning prehistoric and presence only gives economic footprint, pointing out that there is a move away from the development of tourism, particularly with regard to the Iraqi antiquities.
Aggiedad77 (Dinar Guru) – Article: “Iraq looking to raise obstacles to the entry of US companies to invest” IMO when Abadi talks here about “raising obstacles” he’s referring to a lessening of red tape for American companies and also a HUGE reduction in corruption issues that have kept many companies away in the past…He’s smiling because he knows who will pave the way for the success of his government as well as his country…and it will not be Iran…He’s got a new buddy in President Donald Trump and his administration…IMO look for Trump to be paying Iraq a visit this year…Frank [Guru Frank26] said that issues with investors has to do with Iraq’s restrictions on capital movement…as well as UN sanctions not being lifted, thus causing countries and investors to not want to go against the UN…Abadi has some definite changes he needs to make…that he can make…lift those restrictions…raise the value of your currency…get rid of the UN restrictions…IMO.
______________________________________________________________
Kaperoni (Dinar Guru) – […wondering if Trump can push for currency reform.] Currency reform is a consequence of economic and banking reform. …the IMF has made it very clear the dinar will be floated and will rise as a result of the growth of the economy. There is no confusion, it is stated clearly…the Balassa-Samuelson effect. ”Balassa–Samuelson implies that countries with rapidly expanding economies should tend to have more rapidly appreciating exchange rates.” In other words Iraq’s dinar is directly related to the growth of the private sector/market economy.
______________________________________________________________
Kaperoni (Dinar Guru) – Article: “International Monetary Fund agrees to release contractors’ receivables” Quote: “The appearance of Mohammed Saleh that the second review of the credit agreement showed a clear understanding and success…This success is the understanding and agreement on the release of receivables of all contractors amounting to more than 4 trillion dinars once the Federal Audit Bureau announced the completion of audit contracts contractors, and we know the SAI is about to complete this process.” So the IMF is going to pay almost $4 billion dollars to unpaid contractors in Iraq. This is huge.
______________________________________________________________
Click this link to join the DU “private” FaceBook Group…
tman23 (Dinar Guru) –This week in Washington is the NATIONAL COALITION MEETING…THE FIRST WHERE ALL COUNTRIES WILL BE TOGETHER…68! …THIS IS ALL ABOUT IRAQ AND SYRIA AND SPECIFICALLY ISIS…
______________________________________________________________
Kaperoni (Dinar Guru) – Article: “Sabri: Iraq’s economy will rise over the next five years” ...this statement is in line with several of the CBI going back a few years that the deletion of zeros would take 4-5 years. Sounds to me like they expect a gradual appreciation of the currency as the economy grows. Anyone? Balassa-Samuelson effect…
______________________________________________________________
United Nations Secretary General: we hope to achieve a Government representing all communities in Iraq
United Nations Secretary General Antonio Gutiérrez, Wednesday, we hope to achieve a Government that represents all the components in Iraq.
He welcomed Guterres in his speech during the Arabic League Summit in Jordan, “progress in Mosul and Iraqi troops restored to lands of ISIS’s control.
tman23 (Dinar Guru) – …ABADI BEST COME BACK FROM WASHINGTON WITH AN ARSENAL OF GIFTS FOR THE CITIZENS… OTHERWISE/WITH ACCESS TO FUTURE INTERNATIONAL LOANS BEING LIMITED…TICK-TOCK…TICK TOCK.
______________________________________________________________
Kaperoni (Dinar Guru) – The IMF would never agree to accept Iraq into Article VIII if they cannot comply with the Article VIII requirements… That means they must show stability at 2% or less for 90 days prior to acceptance into Article VIII. I don’t see anyway around that. That being said, they could get off the peg without approval from the IMF.
______________________________________________________________
firefly (Dinar Guru) – Anybody that’s been in this investment for any period of time should know that a lot of negative news will pop it’s ugly head at the end. Just remember what Dr. Shabibi said at Jackson Hole back in 2011 when he was asked when he will do the currency adjustment. After thinking about the question for a bit of time he stated “AFTER MUCH MEDIA PROPAGANDA” This is not about us. Just be thankful we were given the opportunity to be a part of this investment. Timing is everything right now. One mistake in their calculations would be catastrophic. …the true rate will show on the CBI 1st.
______________________________________________________________
Abadi looking with two US firms electricity and airlines to develop
Economy News / Baghdad …Search Prime Minister Haidar al-Abbadi (who is visiting Washington for now), with two US firms to develop the electricity sector in Iraq and the Iraqi air lines.
firefly (Dinar Guru) – Historically all currency adjustments are made in the 1st quarter of the fiscal year. Kuwait and Zambia are good reference points. There is much going on behind the scenes that we are not aware of. I for one am extremely excited at where we sit today.
______________________________________________________________
Kaperoni (Dinar Guru) – Article: “Expert: Iraq is heading for a social market economy within the plan that will last until 2030” More importantly, currency reform must begin before they will ever have a market economy.
______________________________________________________________
Kaperoni (Dinar Guru) – Article: “Detection 3 “goals” Abadi seeks to achieve” Quote: “…three goals of Prime Minister Haider al-Abadi seeks to achieve with major countries (Germany, Britain, America), as he emphasized the lack of plans for more “lending”, attributing the reason to determine Iraq certain doors by donor countries…” To me, this says they better get to work..and soon… “there are no plans for further lending”.
______________________________________________________________
Deputy: Abadi visit to Washington made Iraq the Middle East equilibrium point
MP in parliament, Abdul Rahman Alloizi, on Thursday, Prime Minister Haider al-Abadi’s visit to Washington has created a kind of balance in the Middle East.
He Alloizi, L / balance News /, said that “al-Abadi’s visit to Washington came in the context, the fact that Iraq today is one of the closest allies of the United States.”
BGG (Dinar Guru) – Quote: “…Based on the preliminary findings of this mission, staff will prepare a report that, subject to management approval, will be presented to the IMF’s Executive Board for discussion and decision…” exactly what decisions do the IMF executive board have to make coming up? I mean – they only deal with one thing. INTERNATIONAL MONETARY FUND. […can the CBI make a move before the DC meetings?] the CBI can do whatever they want…if the IMF doesn’t give their blessing who are they gonna’ sell their currency to? without international acceptance – there is no market. [post 2 of 2]
______________________________________________________________
BGG (Dinar Guru) – Quote: “The Iraqi authorities and IMF staff started discussions on the second review of the SBA. These discussions will continue during the upcoming IMF and World Bank Spring Meetings from April 21–23, 2017 in Washington, DC.” This is saying these finalization talks were already started…and will resume – (at the latest) in D.C. Quote: “During the visit, the team met with the Acting Minister of Finance Prof. Abdulrazzaq A. Jaleel Essa, Acting Governor of the Central Bank of Iraq (CBI), Dr. Ali Mohsen Ismail Al-Allaq, the Financial Adviser to the Prime Minister Dr. Mudher Saleh, and officials from the ministries of finance, oil, planning, the State Oil Marketing Organization, the Central Statistical Office, the Central Bank of Iraq, and representatives from the Kurdistan Regional Government, and the Board of Supreme Audit. The team would like to thank the Iraqi authorities for their cooperation and the open and productive discussions.”Mohammed Saleh…he’s been in these big IMF “shindig” meetings from the 5th to the 17th… he’s excited. [post 1 of 2….stay tuned]
_____________________________________________________________
Kaperoni (Dinar Guru) – Article: “Detection 3 “goals” Abadi seeks to achieve” Quote: “…three goals of Prime Minister Haider al-Abadi seeks to achieve with major countries (Germany, Britain, America), as he emphasized the lack of plans for more “lending”, attributing the reason to determine Iraq certain doors by donor countries…” To me, this says they better get to work..and soon… “there are no plans for further lending”.
_____________________________________________________________
Revbo (Dinar Guru) – “Statement at the End of an IMF Mission on Iraq” Quote: “…repair the banking sector are needed to support private sector-led growth and diversification of the economy once post- ISIS reconstruction is underway.” [I really believe we will see currency reform begin soon after the country is rid of ISIL since it is so important to the success of a private sector/market economy.] If they don’t turn it loose shortly after Mosul is liberated, they will be wasting a golden opportunity and a ton of momentum for a growing economy and national reconciliation.
______________________________________________________________
Kaperoni (Dinar Guru) – “Statement at the End of an IMF Mission on Iraq” Quote: “…repair the banking sector are needed to support private sector-led growth and diversification of the economy once post- ISIS reconstruction is underway.” I really believe we will see currency reform begin soon after the country is rid of ISIL since it is so important to the success of a private sector/market economy.
______________________________________________________________
Revbo (Dinar Guru) – I don’t know if this means anything, but yesterday was the first time I’ve ever seen no street rate posted on the CBI’s auction page.
______________________________________________________________
If you found this blog, our website or chats helpful – Forward it to a friend!! We couldn’t do it without you!! Thanks – BGG!!
Director of the Issuance Department of the Central Bank: Printed currency volume exceeds 11 billion and 600 million dinars
Most of the Iraqi Central Bank steps are subject to political and legal environment of the country , especially in regard to the deletion of zeros that counted specialists in the earlier trend sensitive and dangerous may still be , but the central remains the most important institution in terms of the need to adjust the financial management in light of the financial crisis experienced by the the Iraqi economy, which must have to deal with dilemmas , whether with regard to the citizen or the work of the central bank itself…
…with the central quest to carry out an information campaign to educate the public on how to distinguish between the original currency and Almzorh.oicol behind on a question about the possibility of having higher versions of a class (50000 ) dinars?
– No at present intention to issue a higher class category (50000) dinars.
* What about the subject of the deletion of zeros and the reason for the delay?
– the decision on the deletion of zeros cannot be taken in isolation from the political and legal environment in the country under conditions the security situation as a result of terrorist acts and exit p D from the provinces outside the control of the state for the years 2014.2015, 2016 which prevents certainly to wait in the implementation of this project , in addition to that this must be done in coordination with all state departments and the private sector, where it should be followed by changing the paragraphs contained in the various laws, which include a reference to fines or lump – sum collection of fees, must also change the financial and statistical records in order to conform with the project process the deletion of zeros. On the other hand, the technical preparations are underway by us…
MadDScout (Dinar Guru) – Article: “Rasheed Bank directs its branches to open documentary credits to public and private sector companies” Another way of getting business used to the banks. There is gobs of banking reform news out there. ...it has not always been this way. These are the many gears that are turning So to ask about hold ups is to not have a good grasp on what this whole situation encompasses.
______________________________________________________________
Follow us on twitter @DinarUpdates !!
Dinar Updates – “NEWS TIME” w/BGG & Company – April 9th 7:30pm CST – In the DU CHAT Room!!
Delta (Dinar Guru) –MASTERCARD SHOWING IQD NOW. 1 IQD = 0.000888 USD. ANOTHER ONE IS SHOWING NOW BLOOMBERG…COME ON CBI JUST DO IT.
______________________________________________________________ MadDScout (Dinar Guru) – [As we look for signals of a rate change coming, are there any similarities we can find with other countries who have been through this?] …I would say this is a very unique situation, as compared with other countries situations, and as BGG put’s it, “there is no actionable intel”.
______________________________________________________________
1bobby (Dinar Guru) – Article: “Office: Abadi agreed with the delegation of the Kurdistan Region to remove obstacles that prevented the activation of Article 140” The infamous Art 140 is in the Constitution, just not activated and or implemented. Now 140 does not cover all of Iraq, just Kirkuk and the disputed territories, Kikuk being ground zero. With Abadi agreeing to remove all obstacles to implement 140 is a HUGE step forward and something the Kurds can work with. Now while there are numerous cities/districts covered under 140, Kirkuk is the main concern. Kirkuk sits atop one of the largest oil reserves in Iraq, most reports estimate over 40 billion barrels of oil. …If Abadi is willing to remove the obstacles, then the Kurds will control Kirkuk. This action does not require a Parliamentary vote since it’s already in the Constitution.What Baghdad wants is what the constitution states “All oil within Iraq belongs to all Iraqi’s“…So if the Kurds get what they want, Baghdad will want all oil proceeds to flow thru Baghdad and then %’s will be distributed accordingly. We’ll just have to let this play out and see what they do, not what they say.
______________________________________________________________
MadDScout (Dinar Guru) – [What’s left before NEEDED to be taken off programmed rate?] Answer: That is what we are watching for. But from CBI (Alak’s) view, they are looking for stability…social, political, economic, security, take your pick as to how much of each of those goes into the criterion they are looking toward.
______________________________________________________________
Kaperoni (Dinar Guru) – Article: “The call for legislation of “important” laws before the end of the parliamentary session” Quotes: “The oil and gas laws, the Reconstruction Council, the Federal Service Council and the Federal Court Act, as well as the amending law of the amnesty law, are among the most outstanding laws that should be resolved as soon as possible,” the bloc said in a statement.” “noting that “the need to resolve to see the light soon.” …the only wildcard is if the US, UN etc get involved. We have seen in the past when something must be passed, it is done so with a little pressure. If the doors are ready to open, be assured what law or laws need to be passed will get done.
______________________________________________________________
MadDScout (Dinar Guru) – [We have always heard when article 140 and HCL are put into place and activated we should see the rate within hours of implementation. We know Mosul is a key part. Can they implement HCL and Article 140 on a program rate?] Answer: That theory is old and unfounded, and tends to put events in the wrong order, according to what we know right now. Being as this is never mentioned in any of Alaks statements when asked about what the CBI needs to make full monetary reforms, I have put it out of my vocabulary. As to the third part of your question, can they implement 140 at program rate, I think it is so far in the future (Art140) they will have a “rate” by then. But IMO one doesn’t equal the other. They are stand alone issues, unhinged one from another. Rate is only important to us.
______________________________________________________________
Kaperoni (Dinar Guru) – Article: “Abadi: Two months separating Iraq’s exit from Chapter VII” [It would seem that Iraq’s removal of Chapter 7 would occur before the dinar becomes marketable and begins to float…] …though it’s important for Iraq to have it’s own currency once sovereign, I do not think they are directly related. When the dinar floats is a more of a decision of the CBI based on monetary policy. IMO, I do not expect it to begin until just before foreign investment begins to pour into Iraq.
______________________________________________________________
Baghdad Says U.S. Pledges Continued Support for Iraq’s War Against IS
BAGHDAD (Reuters) – U.S. Vice President Mike Pence on Saturday assured Iraqi Prime Minister Haider al-Abadi of continued U.S. support to defeat Islamic State, the Iraqi government said in a statement.
The two discussed the situation in Syria and the war on Islamic State in a phone call from Pence following Friday’s U.S. strikes on a Syrian airbase to punish a chemical attack that killed scores of civilians this week in an area held by the opposition to Syrian President Bashar al-Assad.
Frank26 (Dinar Guru) – We are in the next step of the monetary reform… many asked why they were putting more IQD’s …more 3 zeros back into the market in Iraq? We never said they were putting 3 zeros back into the market, we said they were putting dinars back into the market to accomplish: #1 – MCP – elimination of the USD’s. #2 – to educate the citizens. It’s NOT the value of the notes thats important…IT’S THE NOTE COUNT …remember ONE 50k note …would be equivalent to FIVE 10k notes…One 50k note…that they bring into the bank…because they are going to get it as “pay” – they would have to bring back FIVE 10k notes…would they not? [Reducing the note count]So what about your 3 zeros notes? Your 3 zero notes are going to the FEDS. It’s internally. That is where the monetary reform (MR) is now.
______________________________________________________________
Frank26 (Dinar Guru) –The goal is to de-dollarize the markets of Iraq. This will occur by doing 1,000 to 1…which IMO…is going on right now. When they do change the EXCHANGE RATE…to show 1 to 1…YES! …at that time, they will introduce more dinars…but guess what kind? The LOWER-DENOMS. Not the 50k they are using in their pay. This process will be concurrent – (at the same time). We never said they were putting Iraqi notes back into the market. This process is to take those notes away from the market. You will NOT see this 1,000 to 1 on the CBI website…it is 1 to 1 that you will see someday on the CBI website …IMO…that is VERY CLOSE …right around the corner…because they are doing 1,000 to 1 right now.
______________________________________________________________
A Dinar Updates “FaceBook Live”!! “LIVE Q&A with BGG” from – Apr 7th In the DU FaceBook Group!!
Adam Montana (Dinar Guru) –[…are we just pretty much waiting on the total liberation of Mosul or what? I know, I know…the HCL must be passed and all that, but it seems as if Mosul is a real turning point?] Total liberation of Mosul? No sir, I do not believe Mosul will ever be totally liberated, nor will ISIS/ISIL/(Or Any Other Terror Group) be completely “eradicated”. The “war on terror” will never be “won”, we can only hope to keep it at a “manageable level”, and I believe we are pretty close to achieving that already, if not completely done achieving it.
______________________________________________________________
Frank26 (Dinar Guru) – […just want to make sure I understand correctly…any country in history that went through a currency reval… redenom…etc. always revealed their 1000:1 exchange rate. However, this time, with Iraq, we will NOT be seeing the 1000:1 exchange rate. We’ll see the 1:1 at its appropriate time. Correct?] IMO…Yes.
______________________________________________________________
Adam Montana (Dinar Guru) – […are you still as positive this week about the HCL being implemented as you were a few weeks ago?… and can Iraq change the rate anytime they want throughout the year or does it have to be done by the first quarter?] Absolutely yes! And they can do this any time they want, there are absolutely no real restrictions. “Any given Sunday”, as they say… or Monday, Tuesday, etc. [Do you think is possible to see an RV in 2017…] YES, emphatically so!
______________________________________________________________
Safe Zones As Soft Military Occupation: Trump’s Plan For Syria, Iraq Is Taking Shape
The Trump administration is moving closer to its goal of creating “safe zones” within Syria. Though this strategy may be described as a humanitarian effort, the sizable increase in military presence that it will bring looks more like an invasion in disguise.
Kaperoni (Dinar Guru) – “REPORT: Is the Iraqi dinar Recovering?” Quote: “With the economic boom led by the oil industry in Iraq, the national currency will rise eventually to reflect the true value of the oil indispensability of the country. It is likely to happen up when the central bank raises the value of the dinar.” Nice to hear them talk about the potential and process for the dinar. That being said, Iraq has not passed a significant law in quite a while even though many have called for them to do so. Yes, the banking system has made progress the last year under the guidance of the IMF, but it’s time Iraq does it’s part and pass the laws, to create the environment for investment. Then we shall see what happens.
______________________________________________________________
Loop (Dinar Guru) – Article: “Iraq: Confidence is in the Air” Quotes: “…there was a strong sense that Iraq’s fortunes are turning a corner…” “Confidence has returned to Baghdad — it is in the air! Baghdad is confident again, and it’s absolutely wonderful.” The IBBC (Iraq Britain Business Council) Spring Conference has started.
______________________________________________________________
Positive for the development of Iraq’s future outlook will have a positive impact among investors
Economy News / translation …
A report of the Network (CNBC) American that confidence expressed by Fitch International Foundation bisect the credit of the Iraqi economy last month, which will have a positive impact on investment in Iraq.
Network wrote in its report that Fitch gave Iraq rating B + with a positive outlook for the future, which believes it will be stable, although it is fighting a war against (Daesh).
She added that Fitch placed Iraq at the level of B + due to political risks and instability caused by conflicts going through.
Abadi: Iraq is moving toward stability and community reconciliation
Iraqi Position Network Iraqi Prime Minister Haidar al-Abadi said Sunday that Iraq is moving toward stability and community reconciliation and that the country has enormous potential for investment.
“The Iraqi position” on the need for institutional reform of the state and create jobs for new energies in the country.
He pointed out that the Iraqi budgets during the past years have accumulated with the growth and growth of the population throughout the country, so that the population will double in Iraq in a quarter of a century and will double the need for energy, “electricity and oil” over the next 15 years.
Al-Abbadi explained that Iraq is running for energy and that we seek to benefit from every barrel of oil and every torch of gas burned, declaring that the five-year plan is no longer sufficient and reliable for production because of the ongoing wars, which led to the decline of economic growth, the budgets of Iraq can no longer be sufficient to meet and cover The cost of current population growth.
BGG (Dinar Guru) – [Kushner is in Iraq at the invitation of Gen. Dunsford…it might not mean anything…but there was a lot of rumor about that a few weeks ago…] …what it means is… our President wants his most trusted people on the ground in Iraq. He’s engaged. Not trying to bail out!!
______________________________________________________________
BGG (Dinar Guru) – Article: “Abadi: Iraq is moving toward stability and community reconciliation” The title and first paragraph uses all the reform buzzwords immediately. Abadi: Iraq is moving toward stability and community reconciliation. 1) Stability 2) Reconciliation (important to the UN) “…Iraq is moving toward stability and community reconciliation and that the country has enormous potential for investment…” Boom – mic drop…
______________________________________________________________
BGG (Dinar Guru) – Article: “Abadi calls during his meeting with the Secretary of the United Nations to remove Iraq from Chapter VII” I don’t think the UN will remove Iraq from Ch 7 immediately… nor do I think it matters one way or the other – to us.
A military source: besieged Baghdadi in Mosul and near the end
{Baghdad: Euphrates News} a military source said early on Sunday that security forces are likely to be Abu Bakr al-Baghdadi, leader of the terrorist gangs Daesh occurred in the siege in Mosul and its end came close.
The source said that “what is likely to conclude the Iraqi military, infiltration attempt Aldoaash ten days ago in a convoy of vehicles quad payment backed by a few tanks to the Iraqi city of Tal Afar , near Mosul from Syria.”
He added, ” The terrorists tried to decipher the ring referred to followers of them trapped in Tal Afar, in order to serve in the event of the success of their plan to strengthen their abilities to march on Mosul.”
He pointed to “enable the popular crowd forces from the liquidation of all those who were in the convoy mentioned Aldoaash mentioned, while likely Our analysts to be the purpose behind trying to infiltrate terrorists into Tal Afar and then Mosul, the evacuation of the remaining leaders in Daesh there, or save Baghdadi himself, especially and we do not rule out its presence in Mosul. ”
1bobby (Dinar Guru) – Article: “The IMF is discussing boosting tax revenues in Iraq” The taxes and Tariff’s weren’t working to the expectations of the IMF, so they suggested to raise both. Recall the tax structure was part of the Structural Benchmarks NOT met during the SBA Review. What they are implementing is opening the private sector, put your citizens to work, take the taxes from them and products, and BAM you have more non oil revenue. …the IMF also mentioned bringing in the International Finance Corporation to assist in this lack of revenue endeavor. So everything is coming together. The hardest part is waiting.
______________________________________________________________
DAZ (Dinar Guru) – AND, WHEN A SATISFACTORY CONDITION AND ALIGNMENT OF ALL THE VARIOUS INTERESTS AND POWER STRUCTURES INVOLVED HAVE REACHED A POINT OF REASONABLE SATISFACTION THAT THEIR INTERESTS AND GOALS ARE MET… THEY WILL JUST AS SIMPLY…”TURN THE MONEY BACK ON”. IT WILL ALL COME TOGETHER WITH A PUBLIC RELEASE AND PERMISSION FOR ALL OF US TO EXCHANGE IN ANY MANNER WE WANT, ALMOST ANYWHERE WE WANT…AND IT WILL BE A SAFE, ORGANIZED, ULTIMATELY FAIR AND REASONABLY SIMPLE BUSINESS TRANSACTION. WE’RE READY WHEN THEY’RE READY. [post 2 of 2]
______________________________________________________________
Iraq will not sever ties with Iran despite pressure from Arab nations
AMMAN, Jordan – Iraq will not sever ties with neighboring Iran under pressure from other Arab countries, the Iraqi Foreign Minister confirmed to Rudaw on the sidelines of the Amman Summit as a draft resolution is being considered by the Arab League members calling on Tehran to cease meddling in affairs of the region.
“Iraq is not ready to step towards agitating the region and will not sever ties with any neighboring country,” Ibrahim al-Jaafari told Rudaw, referring to its Shiite neighbor Iran, a strong ally of Baghdad.
Baghdad is not willing to cut ties with any neighboring country, even Turkey, Jaafari said, despite growing differences between the two over the presence of Turkish troops in northern Iraq.
“Do you know that when I am speaking right here Turkish troops are in Iraq, but we have not ended relations with Turkey,” he said.
He stressed that Iraq is doing its best to have friendly relations with its neighbors.
“We do our outmost to lead our relations to go on the right way,” he said, confidently.
DAZ (Dinar Guru) – IRAQ HAS ALWAYS BEEN A WEALTHY, RICH CULTURE WITH A STRONG HERITAGE AND SIGNIFICANT HISTORY. IRAQ ALWAYS HAD AMPLE RESOURCES AND A STRONG ECONOMY… IN ITS OWN RIGHT. THEIR MONEY ALWAYS HAD VALUE, HISTORICALLY AND CONSISTENTLY. DUE TO PRESSURES TO ENACT A LIBERATION OF IRAQ AND EFFECT A REGIME CHANGE…A COALITION OF NATIONS “TURNED OFF THE MONEY (DINAR)” AS PART OF A WAR EFFORT AND STRATEGIC ASSAULT TO DEBASE THE FINANCES OF REVOLT, RESISTANCE AND INSURGENCY AGAINST THAT CHANGE IN 2004. THERE WAS, AND STILL IS, A PLAN TO GIVE REBIRTH AND REVITALIZE THAT ECONOMY, INFLUENCE THAT CULTURE AND, EVENTUALLY EMBRACE IRAQ, ITS PEOPLE AND THEIR WEALTH AND TRADE INTO THE GLOBAL ECONOMIC FOLD. [post 1 of 2….stay tuned]
______________________________________________________________
Frank26 (Dinar Guru) – FRESH FORM IRAQI TV… “The financial crisis has not led to the collapse of the dinar or to a major inflation in prices,” Prime Minister Haider al-Abbadi said.” Even A [Abadi] defends his Nation’s Currency now…Where there use to be embarrassment …There is soon to be a Value of Pride and Unity for Iraq and as a Donor Currency…For The reconciliation of The ME.( middle east).
______________________________________________________________
Kaperoni (Dinar Guru) – I think many in and out of Iraq believe the dinar is under valued. We have even heard “grossly under valued” before in statements. The fact is, the CBI is and must follow the directives of the IMF. No if’s, and’s about it. We cannot pick and choose what we read in IMF documents, if we believe the IMF, we must accept it all. Therefore, we see the CBI following the directives, attempting to remove restrictions (ie. the spread), rebuilding the banking system, removing restrictions on foreign exchange, cracking down on corruption and money laundering all in an attempt to prepare for Article VIII and freedom of movement of capital in and out of Iraq. Let it come to us.
______________________________________________________________
BGG (Dinar Guru) –When we talk about the price tag the IMF and the UN have put on Mosul…one has to wonder exactly what leverage the UN has in this game… It is clear what say the IMF has – they are the IMF… but the UN, on the other hand, not so clear…unless viewed through this narrow window. I doubt the UN will allow Iraq an immediate exit from Chapter 7 – the sanctions, yes… the protection… I just doubt it. What does this mean for us? As long as they are doing as the IMF and UN have laid out for them – no reason the IMF and the UN won’t support a return “international acceptance and integration”…and that is all any of us care about. [what has to happen for them to get out of chapter 7] A better question – and the one we all really want to know is… do they even have to be fully out of Chapter 7? My guess. No – they do not…
______________________________________________________________
1bobby (Dinar Guru) – …if we look at CH 7,the 2 big ones that were given back to Iraq were the right to defend themselves and control of their currency. Having the U.N announce the removal of CH 7 to the world is what Abadi’s looking for.
______________________________________________________________
MadDScout (Dinar Guru) – Article: “Abadi calls during his meeting with the Secretary of the United Nations to remove Iraq from Chapter VII” IMO) Abadi can only be asking because, along with other criteria, they are ready, or he would not have asked in front of the world…I think it says volumes about where they are.
______________________________________________________________
A Dinar Round Table Call “with the whole DU Crew” from Tues nite – Apr 4th Click-N-Listen!!
Kaperoni(Dinar Guru) – Article: “Abadi calls during a meeting with Secretary of the United Nations to remove Iraq from Chapter VII” Quote: “{Baghdad} Euphrates News called on Prime Minister Haider al-Abadi to remove Iraq from Chapter VII to end the occupation of Kuwait and file resolutions imposed on the people of Iraq because of Saddam’s regime policies.” This is important and will motivate them to get the dinar engaged with the global financial system.
______________________________________________________________
1bobby (Dinar Guru) – Article: “Abadi calls during his meeting with the Secretary of the United Nations to remove Iraq from Chapter VII” We knew that Iraq was NOT out of Chapter 7, but not in a stranglehold as they had been. They now have the right to defend themselves and control their currency. The issues that are outstanding are the reparations to Kuwait and to the best of my knowledge the Oil for Food/Medicine Program. Now if we look back to late last year Iraq made an announcement that the OFP had ended. If we recall the U.N Rep stated that Iraq has made great progress as far as the OFP and the June date was set as a “let’s see what happens between now and then” kind of a date. For Abadi to publicly come out and ask the U.N Secretary General to no longer associate Iraq with Ch 7, is a big move on his part and I doubt he’s expecting a no answer.They can still have working files, but to have the U.N come out and publicly rid Iraq of the CH 7 shadow would be a huge move forward. As we have seen Kuwait has been a big supporter of Iraq as of late and has continuously been working with Iraq on outstanding issues.
______________________________________________________________
Kaperoni (Dinar Guru) – Article: “Iraq’s Current Economic Outlook And How it Can Affect Dinar Value” Quote: “With the economic boom led by Iraq’s oil industry, the national currency in the form of the Dinar will eventually rise to reflect the true value of the country’s oil wealth. The rise will most likely happen when the National Bank of Iraq lifts the artificially low value placed on the nation’s currency in 2003.” The problem with that statement is the dinar is not artificially low. It reflects the current exchange rate based on the current conditions. Remember, Shabibi raised the value already from about 3000 / $1 to 1186 /$1 back in 2004-2005 to reduce inflation. Until the market economy takes off, IMO we will not the dinar rise the remainder of the way. To me, making such a statement as “artificially low value”…shows a lack of understanding…
______________________________________________________________
Chattels (Dinar Guru)- Article: “Iraqi News reporting US troop level increases. “America sends more troops to Iraq” It will be interesting to look for commentary in the news from Sadr and others.
______________________________________________________________
Loop (Dinar Guru)- Article: “Iraqi command: western Mosul battle finished “on the military level” Quotes: “western Mosul is done on the military level”, adding that “what is left to do is to purge the remaining areas”. “The remaining Islamic State members in the western side of Mosul are “gangs remnants that are targeted accurately by security forces”. What he is saying is that what is left are gangs and not an organized resistance.
______________________________________________________________
Kaperoni (Dinar Guru)- Article: “Governmental directives to amend legislation in the transition to a free economy” Quote: “The government proceeding towards a free economy and stimulate the private sector and this trend is accompanied by procedural and legal amendments.” He added that ” the General Secretariat will spare no effort to support the upgrading of Iraq on the highest indicators according to the World Bank standards.” We will have to watch the agenda’s the next few weeks and see if parliament acts
______________________________________________________________
BGG (Dinar Guru)- [What are your thoughts on the new cbi logo?] Lots of changes going on at the CBI. Change is GOOD
______________________________________________________________
Trump reaffirms US commitment to Iraqi people in phone call with Abadi
BAGHDAD, Iraq — A week after meeting face-to-face in Washington, D.C., Iraqi Prime Minister Haider al-Abadi received a phone call late Wednesday night, in which US President Donald Trump reaffirmed US commitment to the Iraqi people in the fight against ISIS.
Trump emphasized that military and intelligence cooperation should continue, according to the PM’s website, adding that the courage and intelligence of the Iraqi people “who are loved and respected” by the US will inevitably banish “ISIS gangs.”…
Loop (Dinar Guru) – Article: “Iraq’s economy is now on the way to recovery” Quotes: “The World Bank’s latest economic forecast expected Iraq to bounce back in 2016, growing at 7.2% in that year and continuing at around 5% in the next few years…With the security situation now improving, and the oil price on the rise – the indicators are moving in the right direction for Iraq’s economy.” UK MP from Scotland telling a group of Scottish companies that now it the time to invest in Iraq to make huge profits in the future. She is saying the the greatest opportunity to profit from the investment is prior to their ascension into the WTO. So once again we see someone from outside of Iraq pointing out what we have known for a long time. IRAQ’S ECONOMIC POTENTIAL IS HUGE AND THEY ARE GETTING THEIR ACT TOGETHER TO REALIZE THAT.
______________________________________________________________
Frank26 (Dinar Guru) – IN MY STRONG OPINION…the MR has been going on inside of Iraq for quite awhile ago. We’ve shown you many articles of how this is possible. Infancy is NOT the starting of the MR…it is in the stage that it is in right now… WALKING…taking it’s BABY STEPS…and soon…it will start WALKING VERY FAST! The speed will pick up just like we told you. BRILLIANT CALCULATED STEPS by Abadi and Trump! The East is done is Mosul…and 95% done on the West side of Mosul. Abadi said …I will announce to the world that Mosul is liberated at the Arab Summit. Abadi is under the US control…not like a puppet …we are a TEAM …Abadi is a TEAM PLAYER…and when he returns back to Iraq…GAMES ON!
BGG (Dinar Guru) – [Would changing the rate of the Dinar have any affect on their rampant corruption issues?] Just the opposite…them dealing with their corruption issues will help the world accept a higher rate for the Dinar. I am positive this is one of the items the IMF will be discussing shortly.
______________________________________________________________
Kaperoni (Dinar Guru) – Article: “Iraq on the brink of an ambitious program looming…” I am encouraged that we will see the beginnings of currency reform within the next few months. We can hope anyway.
______________________________________________________________
Loop (Dinar Guru) – [Would changing the rate of the Dinar have any affect on their rampant corruption issues?] IMO…They have a good handle on the corruption going on in the banking sector. While they still have work to do on this front they have systems in place to catch the crooks. So I do not see it has stopping them from a rate change at this point.
______________________________________________________________
Adam Montana (Dinar Guru) – There’s one name in particular that I’m happy to see in the news: Abadi. Anyone who’s been in this for more than a couple years has seen the amazing progress that’s come about since Maliki got the boot and Abadi came stomping in with the big boy pants on! The GOI was revamped, decluttered, and streamlined. Parliament picked up the pace and got a lot of things done that were simply not happening under the previous administration, and now: 1. Abadi confirms he’s planning on running for a second term. I see this as a shoe-in, no-brainer, it will happen, DONE. (Yes, we are going to hear some noise from the Maliki Camp, I say…ignore it). 2. Abadi is working hard towards full IMF and basically global support, and the fruits are coming. [post 1 of 2….stay tuned]
______________________________________________________________
Saudi King to Abadi: with restoring Iraq to turn in big area
King Salman bin Abdul Aziz, Saudi Arabia’s support for Iraq to restore its role in the region and strengthen relations with at all levels.
Abbadi’s Office said in a statement received Agency {news Euphrates} copy of it today, “Prime Minister Haidar Al-Abbadi met on the sidelines of the Summit Arabic King Salman bin Abdulaziz…
Adam Montana (Dinar Guru) – 3. “This week on Fox News Sunday: Haider al-Abadi, Prime Minister of Iraq, in an exclusive interview.” Get your popcorn out! Abadi on with Chris Wallace this weekend. Don’t expect a huge announcement from Abadi on the RV…this is just more proof that Iraq and the PTB are not going to stay where they are. The country is poised to make a leap, and we’re watching! Another thing I am paying close attention to in the news is Saudi Arabia… there is a LOT going on with that country right now. It’s a very complex situation, but the direction is tremendously good for us and for Iraq’s future as a very powerful and wealthy country. That might be one of the reasons why Saudi Arabia is taking these steps: “Saudi Arabia plans to cancel previous debt on Iraq” Bottom line…this is happening fast, and we’re just here for the ride. [post 2
of 2]
______________________________________________________________
MadDScout (Dinar Guru) – I know Abadi had a busy day today [Tuesday]. Abadi today met with : President Trump, V.President Pence, Secretary of State Rex Tillerson, Speaker of the House Paul Ryan and members of Congress, US Trade secretary Wilbur Ross, US Chamber of Commerce, along with delegations from GE and Boeing among others.This is a very good feel of how the new US President is working in a positive way with Iraq. [post 1 of 2….stay tuned]
______________________________________________________________
MadDScout (Dinar Guru) –Article: “Abadi discusses with US Trade Secretary lifting obstacles to investment companies” Quote: “Prime Minister Haider al-Abadi, during his visit to the United States, discussed with US Commerce Secretary Wilbur Ross the promotion of trade cooperation between the two countries.” This was a very good meeting from reports. I can not remember a one day event that produced so much positive for all sectors. It was like Abadi ran the table today. LOL …was a very positive day for us investors and for Iraq as a whole. [post 2 of 2]
______________________________________________________________
Electricity: the privatization of the energy will liberate citizens from private generators expenses
Ministry confirmed the electricity, that electricity investment project (the privatization of energy) will free citizen of the restrictions and expenses of amperage, generators and all the suffering of attrition.
Backdoc (Dinar Guru) Article: “Keywords announce start implementing the e-government project” VERY INTERESTING…WE GO FROM IMPLEMENTING THE DIGITAL E- DINAR ON FEBRUARY 8TH TO NOW GOING DIGITAL FOR GOVT. FUNCTIONS! YES, THE DIGITAL BLOCKCHAIN ADDS BETTER SECURITY, SPEED, AND EFFICIENCY! THIS WILL HELP PUT A HURT ON CORRUPTION!
______________________________________________________________
Adam Montana (Dinar Guru) – You’re probably also seeing a lot of positive news regarding ISIS, Mosul, etc on the “tube”. Or at least, you aren’t seeing so many negative news stories… and you know why that is, don’t you? It’s very simple – the media isn’t making a big deal about Iraq anymore because things are going REALLY GOOD, and those aren’t the stories that sell ads! …there is a LOT of progress happening right now with oil, agreements, and security. These are exactly what we want to see! We are getting to a point in this Iraqi Dinar situation that has me excited again, finally, and it’s been a long time since I felt this upbeat about the Dinar. We’ve been going in the “right way” for a long time, but now we are on a STRONG path to victory!
______________________________________________________________
Kaperoni (Dinar Guru) – Article quote: “in addition to the reform of the banking sector to support growth led by the private sector before starting the process of reconstructionin post – Daesh.” This seems to imply the banking sector reform is just around the corner…
______________________________________________________________
Tourism’s “economy News”: Iraqi antiquities need to pause
Economy News / special It demanded Tourism and Antiquities Authority necessity that there be a serious stand of Iraqi antiquities and make it an important tributary of the Iraqi tourism.
The general director of the tourist facilities in the Authority, Mahmoud al-Zubaidi (News of the economy), that Iraq holds a history spanning prehistoric and presence only gives economic footprint, pointing out that there is a move away from the development of tourism, particularly with regard to the Iraqi antiquities.
Aggiedad77 (Dinar Guru) – Article: “Iraq looking to raise obstacles to the entry of US companies to invest” IMO when Abadi talks here about “raising obstacles” he’s referring to a lessening of red tape for American companies and also a HUGE reduction in corruption issues that have kept many companies away in the past…He’s smiling because he knows who will pave the way for the success of his government as well as his country…and it will not be Iran…He’s got a new buddy in President Donald Trump and his administration…IMO look for Trump to be paying Iraq a visit this year…Frank [Guru Frank26] said that issues with investors has to do with Iraq’s restrictions on capital movement…as well as UN sanctions not being lifted, thus causing countries and investors to not want to go against the UN…Abadi has some definite changes he needs to make…that he can make…lift those restrictions…raise the value of your currency…get rid of the UN restrictions…IMO.
______________________________________________________________
Kaperoni (Dinar Guru) – […wondering if Trump can push for currency reform.] Currency reform is a consequence of economic and banking reform. …the IMF has made it very clear the dinar will be floated and will rise as a result of the growth of the economy. There is no confusion, it is stated clearly…the Balassa-Samuelson effect. ”Balassa–Samuelson implies that countries with rapidly expanding economies should tend to have more rapidly appreciating exchange rates.” In other words Iraq’s dinar is directly related to the growth of the private sector/market economy.
______________________________________________________________
Kaperoni (Dinar Guru) – Article: “International Monetary Fund agrees to release contractors’ receivables” Quote: “The appearance of Mohammed Saleh that the second review of the credit agreement showed a clear understanding and success…This success is the understanding and agreement on the release of receivables of all contractors amounting to more than 4 trillion dinars once the Federal Audit Bureau announced the completion of audit contracts contractors, and we know the SAI is about to complete this process.” So the IMF is going to pay almost $4 billion dollars to unpaid contractors in Iraq. This is huge.
______________________________________________________________
Click this link to join the DU “private” FaceBook Group…
tman23 (Dinar Guru) –This week in Washington is the NATIONAL COALITION MEETING…THE FIRST WHERE ALL COUNTRIES WILL BE TOGETHER…68! …THIS IS ALL ABOUT IRAQ AND SYRIA AND SPECIFICALLY ISIS…
______________________________________________________________
Kaperoni (Dinar Guru) – Article: “Sabri: Iraq’s economy will rise over the next five years” ...this statement is in line with several of the CBI going back a few years that the deletion of zeros would take 4-5 years. Sounds to me like they expect a gradual appreciation of the currency as the economy grows. Anyone? Balassa-Samuelson effect…
______________________________________________________________
United Nations Secretary General: we hope to achieve a Government representing all communities in Iraq
United Nations Secretary General Antonio Gutiérrez, Wednesday, we hope to achieve a Government that represents all the components in Iraq.
He welcomed Guterres in his speech during the Arabic League Summit in Jordan, “progress in Mosul and Iraqi troops restored to lands of ISIS’s control.
tman23 (Dinar Guru) – …ABADI BEST COME BACK FROM WASHINGTON WITH AN ARSENAL OF GIFTS FOR THE CITIZENS… OTHERWISE/WITH ACCESS TO FUTURE INTERNATIONAL LOANS BEING LIMITED…TICK-TOCK…TICK TOCK.
______________________________________________________________
Kaperoni (Dinar Guru) – The IMF would never agree to accept Iraq into Article VIII if they cannot comply with the Article VIII requirements… That means they must show stability at 2% or less for 90 days prior to acceptance into Article VIII. I don’t see anyway around that. That being said, they could get off the peg without approval from the IMF.
______________________________________________________________
firefly (Dinar Guru) – Anybody that’s been in this investment for any period of time should know that a lot of negative news will pop it’s ugly head at the end. Just remember what Dr. Shabibi said at Jackson Hole back in 2011 when he was asked when he will do the currency adjustment. After thinking about the question for a bit of time he stated “AFTER MUCH MEDIA PROPAGANDA” This is not about us. Just be thankful we were given the opportunity to be a part of this investment. Timing is everything right now. One mistake in their calculations would be catastrophic. …the true rate will show on the CBI 1st.
______________________________________________________________
Abadi looking with two US firms electricity and airlines to develop
Economy News / Baghdad …Search Prime Minister Haidar al-Abbadi (who is visiting Washington for now), with two US firms to develop the electricity sector in Iraq and the Iraqi air lines.
firefly (Dinar Guru) – Historically all currency adjustments are made in the 1st quarter of the fiscal year. Kuwait and Zambia are good reference points. There is much going on behind the scenes that we are not aware of. I for one am extremely excited at where we sit today.
______________________________________________________________
Kaperoni (Dinar Guru) – Article: “Expert: Iraq is heading for a social market economy within the plan that will last until 2030” More importantly, currency reform must begin before they will ever have a market economy.
______________________________________________________________
Kaperoni (Dinar Guru) – Article: “Detection 3 “goals” Abadi seeks to achieve” Quote: “…three goals of Prime Minister Haider al-Abadi seeks to achieve with major countries (Germany, Britain, America), as he emphasized the lack of plans for more “lending”, attributing the reason to determine Iraq certain doors by donor countries…” To me, this says they better get to work..and soon… “there are no plans for further lending”.
______________________________________________________________
Deputy: Abadi visit to Washington made Iraq the Middle East equilibrium point
MP in parliament, Abdul Rahman Alloizi, on Thursday, Prime Minister Haider al-Abadi’s visit to Washington has created a kind of balance in the Middle East.
He Alloizi, L / balance News /, said that “al-Abadi’s visit to Washington came in the context, the fact that Iraq today is one of the closest allies of the United States.”
BGG (Dinar Guru) – Quote: “…Based on the preliminary findings of this mission, staff will prepare a report that, subject to management approval, will be presented to the IMF’s Executive Board for discussion and decision…” exactly what decisions do the IMF executive board have to make coming up? I mean – they only deal with one thing. INTERNATIONAL MONETARY FUND. […can the CBI make a move before the DC meetings?] the CBI can do whatever they want…if the IMF doesn’t give their blessing who are they gonna’ sell their currency to? without international acceptance – there is no market. [post 2 of 2]
______________________________________________________________
BGG (Dinar Guru) – Quote: “The Iraqi authorities and IMF staff started discussions on the second review of the SBA. These discussions will continue during the upcoming IMF and World Bank Spring Meetings from April 21–23, 2017 in Washington, DC.” This is saying these finalization talks were already started…and will resume – (at the latest) in D.C. Quote: “During the visit, the team met with the Acting Minister of Finance Prof. Abdulrazzaq A. Jaleel Essa, Acting Governor of the Central Bank of Iraq (CBI), Dr. Ali Mohsen Ismail Al-Allaq, the Financial Adviser to the Prime Minister Dr. Mudher Saleh, and officials from the ministries of finance, oil, planning, the State Oil Marketing Organization, the Central Statistical Office, the Central Bank of Iraq, and representatives from the Kurdistan Regional Government, and the Board of Supreme Audit. The team would like to thank the Iraqi authorities for their cooperation and the open and productive discussions.”Mohammed Saleh…he’s been in these big IMF “shindig” meetings from the 5th to the 17th… he’s excited. [post 1 of 2….stay tuned]
_____________________________________________________________
Kaperoni (Dinar Guru) – Article: “Detection 3 “goals” Abadi seeks to achieve” Quote: “…three goals of Prime Minister Haider al-Abadi seeks to achieve with major countries (Germany, Britain, America), as he emphasized the lack of plans for more “lending”, attributing the reason to determine Iraq certain doors by donor countries…” To me, this says they better get to work..and soon… “there are no plans for further lending”.
_____________________________________________________________
Revbo (Dinar Guru) – “Statement at the End of an IMF Mission on Iraq” Quote: “…repair the banking sector are needed to support private sector-led growth and diversification of the economy once post- ISIS reconstruction is underway.” [I really believe we will see currency reform begin soon after the country is rid of ISIL since it is so important to the success of a private sector/market economy.] If they don’t turn it loose shortly after Mosul is liberated, they will be wasting a golden opportunity and a ton of momentum for a growing economy and national reconciliation.
______________________________________________________________
Kaperoni (Dinar Guru) – “Statement at the End of an IMF Mission on Iraq” Quote: “…repair the banking sector are needed to support private sector-led growth and diversification of the economy once post- ISIS reconstruction is underway.” I really believe we will see currency reform begin soon after the country is rid of ISIL since it is so important to the success of a private sector/market economy.
______________________________________________________________
Revbo (Dinar Guru) – I don’t know if this means anything, but yesterday was the first time I’ve ever seen no street rate posted on the CBI’s auction page.
______________________________________________________________
Maliki’s wealth estimated at $40 bln: sources
Iraqi former PM Nouri al-Maliki’s wealth is estimated at $40 billion, informed sources told The Baghdad Post on Thursday.
The sources revealed the 67-year-old has made his wealth through manipulating the Iraqi Central Bank’s accounts as well as his suspicious projects inside and outside Iraq.
They also confirmed he took over the 2014 state budget without releasing concluding statements….
Baghdad Says U.S. Pledges Continued Support for Iraq’s War Against IS
BAGHDAD (Reuters) – U.S. Vice President Mike Pence on Saturday assured Iraqi Prime Minister Haider al-Abadi of continued U.S. support to defeat Islamic State, the Iraqi government said in a statement.
The two discussed the situation in Syria and the war on Islamic State in a phone call from Pence following Friday’s U.S. strikes on a Syrian airbase to punish a chemical attack that killed scores of civilians this week in an area held by the opposition to Syrian President Bashar al-Assad.
MadDScout (Dinar Guru) – [What’s left before NEEDED to be taken off programmed rate?] Answer: Thats is what we are watching for. But from CBI (Alak’s) view, they are looking for stability…social, political, economic, security, take your pick as to how much of each of those goes into the criterion they are looking toward.
______________________________________________________________
Kaperoni (Dinar Guru) – Article: “The call for legislation of “important” laws before the end of the parliamentary session” Quotes: “The oil and gas laws, the Reconstruction Council, the Federal Service Council and the Federal Court Act, as well as the amending law of the amnesty law, are among the most outstanding laws that should be resolved as soon as possible,” the bloc said in a statement.” “noting that “the need to resolve to see the light soon.” …the only wildcard is if the US, UN etc get involved. We have seen in the past when something must be passed, it is done so with a little pressure. If the doors are ready to open, be assured what law or laws need to be passed will get done.
______________________________________________________________
A Dinar Updates “FaceBook Live”!! “LIVE Q&A with BGG” from – Apr 7th In the DU FaceBook Group!!
MadDScout (Dinar Guru) – [We have always heard when article 140 and HCL are put into place and activated we should see the rate within hours of implementation. We know Mosul is a key part. Can they implement HCL and Article 140 on a program rate?] Answer: That theory is old and unfounded, and tends to put events in the wrong order, according to what we know right now. Being as this is never mentioned in any of Alaks statements when asked about what the CBI needs to make full monetary reforms, I have put it out of my vocabulary. As to the third part of your question, can they implement 140 at program rate, I think it is so far in the future (Art140) they will have a “rate” by then. But IMO one doesn’t equal the other. They are stand alone issues, unhinged one from another. Rate is only important to us.
______________________________________________________________
Kaperoni (Dinar Guru) – Article: “Abadi: Two months separating Iraq’s exit from Chapter VII” [It would seem that Iraq’s removal of Chapter 7 would occur before the dinar becomes marketable and begins to float…] …though it’s important for Iraq to have it’s own currency once sovereign, I do not think they are directly related. When the dinar floats is a more of a decision of the CBI based on monetary policy. IMO, I do not expect it to begin until just before foreign investment begins to pour into Iraq.
______________________________________________________________
Frank26 (Dinar Guru) – We are in the next step of the monetary reform… many asked why they were putting more IQD’s …more 3 zeros back into the market in Iraq? We never said they were putting 3 zeros back into the market, we said they were putting dinars back into the market to accomplish: #1 – MCP – elimination of the USD’s. #2 – to educate the citizens. It’s NOT the value of the notes thats important…IT’S THE NOTE COUNT …remember ONE 50k note …would be equivalent to FIVE 10k notes…One 50k note…that they bring into the bank…because they are going to get it as “pay” – they would have to bring back FIVE 10k notes…would they not? [Reducing the note count]So what about your 3 zeros notes? Your 3 zero notes are going to the FEDS. It’s internally. That is where the monetary reform (MR) is now.
______________________________________________________________
Frank26 (Dinar Guru) –The goal is to de-dollarize the markets of Iraq. This will occur by doing 1,000 to 1…which IMO…is going on right now. When they do change the EXCHANGE RATE…to show 1 to 1…YES! …at that time, they will introduce more dinars…but guess what kind? The LOWER-DENOMS. Not the 50k they are using in their pay. This process will be concurrent – (at the same time). We never said they were putting Iraqi notes back into the market. This process is to take those notes away from the market. You will NOT see this 1,000 to 1 on the CBI website…it is 1 to 1 that you will see someday on the CBI website …IMO…that is VERY CLOSE …right around the corner…because they are doing 1,000 to 1 right now.
______________________________________________________________
Follow us on twitter @DinarUpdates !!
Dinar Updates – “NEWS TIME” w/BGG & Company – April 9th 7:30pm CST – In the DU CHAT Room!!
Adam Montana (Dinar Guru) –[…are we just pretty much waiting on the total liberation of Mosul or what? I know, I know…the HCL must be passed and all that, but it seems as if Mosul is a real turning point?] Total liberation of Mosul? No sir, I do not believe Mosul will ever be totally liberated, nor will ISIS/ISIL/(Or Any Other Terror Group) be completely “eradicated”. The “war on terror” will never be “won”, we can only hope to keep it at a “manageable level”, and I believe we are pretty close to achieving that already, if not completely done achieving it.
______________________________________________________________
Frank26 (Dinar Guru) – […just want to make sure I understand correctly…any country in history that went through a currency reval… redenom…etc. always revealed their 1000:1 exchange rate. However, this time, with Iraq, we will NOT be seeing the 1000:1 exchange rate. We’ll see the 1:1 at its appropriate time. Correct?] IMO…Yes.
______________________________________________________________
Adam Montana (Dinar Guru) – […are you still as positive this week about the HCL being implemented as you were a few weeks ago?… and can Iraq change the rate anytime they want throughout the year or does it have to be done by the first quarter?] Absolutely yes! And they can do this any time they want, there are absolutely no real restrictions. “Any given Sunday”, as they say… or Monday, Tuesday, etc. [Do you think is possible to see an RV in 2017…] YES, emphatically so!
______________________________________________________________
Safe Zones As Soft Military Occupation: Trump’s Plan For Syria, Iraq Is Taking Shape
The Trump administration is moving closer to its goal of creating “safe zones” within Syria. Though this strategy may be described as a humanitarian effort, the sizable increase in military presence that it will bring looks more like an invasion in disguise.
Kaperoni (Dinar Guru) – “REPORT: Is the Iraqi dinar Recovering?” Quote: “With the economic boom led by the oil industry in Iraq, the national currency will rise eventually to reflect the true value of the oil indispensability of the country. It is likely to happen up when the central bank raises the value of the dinar.” Nice to hear them talk about the potential and process for the dinar. That being said, Iraq has not passed a significant law in quite a while even though many have called for them to do so. Yes, the banking system has made progress the last year under the guidance of the IMF, but it’s time Iraq does it’s part and pass the laws, to create the environment for investment. Then we shall see what happens.
______________________________________________________________
Loop (Dinar Guru) – Article: “Iraq: Confidence is in the Air” Quotes: “…there was a strong sense that Iraq’s fortunes are turning a corner…” “Confidence has returned to Baghdad — it is in the air! Baghdad is confident again, and it’s absolutely wonderful.” The IBBC (Iraq Britain Business Council) Spring Conference has started.
______________________________________________________________
Positive for the development of Iraq’s future outlook will have a positive impact among investors
Economy News / translation …
A report of the Network (CNBC) American that confidence expressed by Fitch International Foundation bisect the credit of the Iraqi economy last month, which will have a positive impact on investment in Iraq.
Network wrote in its report that Fitch gave Iraq rating B + with a positive outlook for the future, which believes it will be stable, although it is fighting a war against (Daesh).
She added that Fitch placed Iraq at the level of B + due to political risks and instability caused by conflicts going through.
Abadi: Iraq is moving toward stability and community reconciliation
Iraqi Position Network Iraqi Prime Minister Haidar al-Abadi said Sunday that Iraq is moving toward stability and community reconciliation and that the country has enormous potential for investment.
“The Iraqi position” on the need for institutional reform of the state and create jobs for new energies in the country.
He pointed out that the Iraqi budgets during the past years have accumulated with the growth and growth of the population throughout the country, so that the population will double in Iraq in a quarter of a century and will double the need for energy, “electricity and oil” over the next 15 years.
Al-Abbadi explained that Iraq is running for energy and that we seek to benefit from every barrel of oil and every torch of gas burned, declaring that the five-year plan is no longer sufficient and reliable for production because of the ongoing wars, which led to the decline of economic growth, the budgets of Iraq can no longer be sufficient to meet and cover The cost of current population growth.
BGG (Dinar Guru) – [Kushner is in Iraq at the invitation of Gen. Dunsford…it might not mean anything…but there was a lot of rumor about that a few weeks ago…] …what it means is… our President wants his most trusted people on the ground in Iraq. He’s engaged. Not trying to bail out!!
______________________________________________________________
BGG (Dinar Guru) – Article: “Abadi: Iraq is moving toward stability and community reconciliation” The title and first paragraph uses all the reform buzzwords immediately. Abadi: Iraq is moving toward stability and community reconciliation. 1) Stability 2) Reconciliation (important to the UN) “…Iraq is moving toward stability and community reconciliation and that the country has enormous potential for investment…” Boom – mic drop…
______________________________________________________________
BGG (Dinar Guru) – Article: “Abadi calls during his meeting with the Secretary of the United Nations to remove Iraq from Chapter VII” I don’t think the UN will remove Iraq from Ch 7 immediately… nor do I think it matters one way or the other – to us.
A military source: besieged Baghdadi in Mosul and near the end
{Baghdad: Euphrates News} a military source said early on Sunday that security forces are likely to be Abu Bakr al-Baghdadi, leader of the terrorist gangs Daesh occurred in the siege in Mosul and its end came close.
The source said that “what is likely to conclude the Iraqi military, infiltration attempt Aldoaash ten days ago in a convoy of vehicles quad payment backed by a few tanks to the Iraqi city of Tal Afar , near Mosul from Syria.”
He added, ” The terrorists tried to decipher the ring referred to followers of them trapped in Tal Afar, in order to serve in the event of the success of their plan to strengthen their abilities to march on Mosul.”
He pointed to “enable the popular crowd forces from the liquidation of all those who were in the convoy mentioned Aldoaash mentioned, while likely Our analysts to be the purpose behind trying to infiltrate terrorists into Tal Afar and then Mosul, the evacuation of the remaining leaders in Daesh there, or save Baghdadi himself, especially and we do not rule out its presence in Mosul. ”
1bobby (Dinar Guru) – Article: “The IMF is discussing boosting tax revenues in Iraq” The taxes and Tariff’s weren’t working to the expectations of the IMF, so they suggested to raise both. Recall the tax structure was part of the Structural Benchmarks NOT met during the SBA Review. What they are implementing is opening the private sector, put your citizens to work, take the taxes from them and products, and BAM you have more non oil revenue. …the IMF also mentioned bringing in the International Finance Corporation to assist in this lack of revenue endeavor. So everything is coming together. The hardest part is waiting.
______________________________________________________________
DAZ (Dinar Guru) – AND, WHEN A SATISFACTORY CONDITION AND ALIGNMENT OF ALL THE VARIOUS INTERESTS AND POWER STRUCTURES INVOLVED HAVE REACHED A POINT OF REASONABLE SATISFACTION THAT THEIR INTERESTS AND GOALS ARE MET… THEY WILL JUST AS SIMPLY…”TURN THE MONEY BACK ON”. IT WILL ALL COME TOGETHER WITH A PUBLIC RELEASE AND PERMISSION FOR ALL OF US TO EXCHANGE IN ANY MANNER WE WANT, ALMOST ANYWHERE WE WANT…AND IT WILL BE A SAFE, ORGANIZED, ULTIMATELY FAIR AND REASONABLY SIMPLE BUSINESS TRANSACTION. WE’RE READY WHEN THEY’RE READY. [post 2 of 2]
______________________________________________________________
Iraq will not sever ties with Iran despite pressure from Arab nations
AMMAN, Jordan – Iraq will not sever ties with neighboring Iran under pressure from other Arab countries, the Iraqi Foreign Minister confirmed to Rudaw on the sidelines of the Amman Summit as a draft resolution is being considered by the Arab League members calling on Tehran to cease meddling in affairs of the region.
“Iraq is not ready to step towards agitating the region and will not sever ties with any neighboring country,” Ibrahim al-Jaafari told Rudaw, referring to its Shiite neighbor Iran, a strong ally of Baghdad.
Baghdad is not willing to cut ties with any neighboring country, even Turkey, Jaafari said, despite growing differences between the two over the presence of Turkish troops in northern Iraq.
“Do you know that when I am speaking right here Turkish troops are in Iraq, but we have not ended relations with Turkey,” he said.
He stressed that Iraq is doing its best to have friendly relations with its neighbors.
“We do our outmost to lead our relations to go on the right way,” he said, confidently.
DAZ (Dinar Guru) – IRAQ HAS ALWAYS BEEN A WEALTHY, RICH CULTURE WITH A STRONG HERITAGE AND SIGNIFICANT HISTORY. IRAQ ALWAYS HAD AMPLE RESOURCES AND A STRONG ECONOMY… IN ITS OWN RIGHT. THEIR MONEY ALWAYS HAD VALUE, HISTORICALLY AND CONSISTENTLY. DUE TO PRESSURES TO ENACT A LIBERATION OF IRAQ AND EFFECT A REGIME CHANGE…A COALITION OF NATIONS “TURNED OFF THE MONEY (DINAR)” AS PART OF A WAR EFFORT AND STRATEGIC ASSAULT TO DEBASE THE FINANCES OF REVOLT, RESISTANCE AND INSURGENCY AGAINST THAT CHANGE IN 2004. THERE WAS, AND STILL IS, A PLAN TO GIVE REBIRTH AND REVITALIZE THAT ECONOMY, INFLUENCE THAT CULTURE AND, EVENTUALLY EMBRACE IRAQ, ITS PEOPLE AND THEIR WEALTH AND TRADE INTO THE GLOBAL ECONOMIC FOLD. [post 1 of 2….stay tuned]
______________________________________________________________
Frank26 (Dinar Guru) – FRESH FORM IRAQI TV… “The financial crisis has not led to the collapse of the dinar or to a major inflation in prices,” Prime Minister Haider al-Abbadi said.” Even A [Abadi] defends his Nation’s Currency now…Where there use to be embarrassment …There is soon to be a Value of Pride and Unity for Iraq and as a Donor Currency…For The reconciliation of The ME.( middle east).
______________________________________________________________
Kaperoni (Dinar Guru) – I think many in and out of Iraq believe the dinar is under valued. We have even heard “grossly under valued” before in statements. The fact is, the CBI is and must follow the directives of the IMF. No if’s, and’s about it. We cannot pick and choose what we read in IMF documents, if we believe the IMF, we must accept it all. Therefore, we see the CBI following the directives, attempting to remove restrictions (ie. the spread), rebuilding the banking system, removing restrictions on foreign exchange, cracking down on corruption and money laundering all in an attempt to prepare for Article VIII and freedom of movement of capital in and out of Iraq. Let it come to us.
______________________________________________________________
BGG (Dinar Guru) –When we talk about the price tag the IMF and the UN have put on Mosul…one has to wonder exactly what leverage the UN has in this game… It is clear what say the IMF has – they are the IMF… but the UN, on the other hand, not so clear…unless viewed through this narrow window. I doubt the UN will allow Iraq an immediate exit from Chapter 7 – the sanctions, yes… the protection… I just doubt it. What does this mean for us? As long as they are doing as the IMF and UN have laid out for them – no reason the IMF and the UN won’t support a return “international acceptance and integration”…and that is all any of us care about. [what has to happen for them to get out of chapter 7] A better question – and the one we all really want to know is… do they even have to be fully out of Chapter 7? My guess. No – they do not…
______________________________________________________________
1bobby (Dinar Guru) – …if we look at CH 7,the 2 big ones that were given back to Iraq were the right to defend themselves and control of their currency. Having the U.N announce the removal of CH 7 to the world is what Abadi’s looking for.
______________________________________________________________
MadDScout (Dinar Guru) – Article: “Abadi calls during his meeting with the Secretary of the United Nations to remove Iraq from Chapter VII” IMO) Abadi can only be asking because, along with other criteria, they are ready, or he would not have asked in front of the world…I think it says volumes about where they are.
______________________________________________________________
A Dinar Round Table Call “with the whole DU Crew” from Tues nite – Apr 4th Click-N-Listen!!
Kaperoni(Dinar Guru) – Article: “Abadi calls during a meeting with Secretary of the United Nations to remove Iraq from Chapter VII” Quote: “{Baghdad} Euphrates News called on Prime Minister Haider al-Abadi to remove Iraq from Chapter VII to end the occupation of Kuwait and file resolutions imposed on the people of Iraq because of Saddam’s regime policies.” This is important and will motivate them to get the dinar engaged with the global financial system.
______________________________________________________________
1bobby (Dinar Guru) – Article: “Abadi calls during his meeting with the Secretary of the United Nations to remove Iraq from Chapter VII” We knew that Iraq was NOT out of Chapter 7, but not in a stranglehold as they had been. They now have the right to defend themselves and control their currency. The issues that are outstanding are the reparations to Kuwait and to the best of my knowledge the Oil for Food/Medicine Program. Now if we look back to late last year Iraq made an announcement that the OFP had ended. If we recall the U.N Rep stated that Iraq has made great progress as far as the OFP and the June date was set as a “let’s see what happens between now and then” kind of a date. For Abadi to publicly come out and ask the U.N Secretary General to no longer associate Iraq with Ch 7, is a big move on his part and I doubt he’s expecting a no answer.They can still have working files, but to have the U.N come out and publicly rid Iraq of the CH 7 shadow would be a huge move forward. As we have seen Kuwait has been a big supporter of Iraq as of late and has continuously been working with Iraq on outstanding issues.
______________________________________________________________
Kaperoni (Dinar Guru) – Article: “Iraq’s Current Economic Outlook And How it Can Affect Dinar Value” Quote: “With the economic boom led by Iraq’s oil industry, the national currency in the form of the Dinar will eventually rise to reflect the true value of the country’s oil wealth. The rise will most likely happen when the National Bank of Iraq lifts the artificially low value placed on the nation’s currency in 2003.” The problem with that statement is the dinar is not artificially low. It reflects the current exchange rate based on the current conditions. Remember, Shabibi raised the value already from about 3000 / $1 to 1186 /$1 back in 2004-2005 to reduce inflation. Until the market economy takes off, IMO we will not the dinar rise the remainder of the way. To me, making such a statement as “artificially low value”…shows a lack of understanding…
______________________________________________________________
Chattels (Dinar Guru)- Article: “Iraqi News reporting US troop level increases. “America sends more troops to Iraq” It will be interesting to look for commentary in the news from Sadr and others.
______________________________________________________________
Loop (Dinar Guru)- Article: “Iraqi command: western Mosul battle finished “on the military level” Quotes: “western Mosul is done on the military level”, adding that “what is left to do is to purge the remaining areas”. “The remaining Islamic State members in the western side of Mosul are “gangs remnants that are targeted accurately by security forces”. What he is saying is that what is left are gangs and not an organized resistance.
______________________________________________________________
Kaperoni (Dinar Guru)- Article: “Governmental directives to amend legislation in the transition to a free economy” Quote: “The government proceeding towards a free economy and stimulate the private sector and this trend is accompanied by procedural and legal amendments.” He added that ” the General Secretariat will spare no effort to support the upgrading of Iraq on the highest indicators according to the World Bank standards.” We will have to watch the agenda’s the next few weeks and see if parliament acts
______________________________________________________________
BGG (Dinar Guru)- [What are your thoughts on the new cbi logo?] Lots of changes going on at the CBI. Change is GOOD
______________________________________________________________
Trump reaffirms US commitment to Iraqi people in phone call with Abadi
BAGHDAD, Iraq — A week after meeting face-to-face in Washington, D.C., Iraqi Prime Minister Haider al-Abadi received a phone call late Wednesday night, in which US President Donald Trump reaffirmed US commitment to the Iraqi people in the fight against ISIS.
Trump emphasized that military and intelligence cooperation should continue, according to the PM’s website, adding that the courage and intelligence of the Iraqi people “who are loved and respected” by the US will inevitably banish “ISIS gangs.”…
Loop (Dinar Guru) – Article: “Iraq’s economy is now on the way to recovery” Quotes: “The World Bank’s latest economic forecast expected Iraq to bounce back in 2016, growing at 7.2% in that year and continuing at around 5% in the next few years…With the security situation now improving, and the oil price on the rise – the indicators are moving in the right direction for Iraq’s economy.” UK MP from Scotland telling a group of Scottish companies that now it the time to invest in Iraq to make huge profits in the future. She is saying the the greatest opportunity to profit from the investment is prior to their ascension into the WTO. So once again we see someone from outside of Iraq pointing out what we have known for a long time. IRAQ’S ECONOMIC POTENTIAL IS HUGE AND THEY ARE GETTING THEIR ACT TOGETHER TO REALIZE THAT.
______________________________________________________________
Frank26 (Dinar Guru) – IN MY STRONG OPINION…the MR has been going on inside of Iraq for quite awhile ago. We’ve shown you many articles of how this is possible. Infancy is NOT the starting of the MR…it is in the stage that it is in right now… WALKING…taking it’s BABY STEPS…and soon…it will start WALKING VERY FAST! The speed will pick up just like we told you. BRILLIANT CALCULATED STEPS by Abadi and Trump! The East is done is Mosul…and 95% done on the West side of Mosul. Abadi said …I will announce to the world that Mosul is liberated at the Arab Summit. Abadi is under the US control…not like a puppet …we are a TEAM …Abadi is a TEAM PLAYER…and when he returns back to Iraq…GAMES ON!
BGG (Dinar Guru) – [Would changing the rate of the Dinar have any affect on their rampant corruption issues?] Just the opposite…them dealing with their corruption issues will help the world accept a higher rate for the Dinar. I am positive this is one of the items the IMF will be discussing shortly.
______________________________________________________________
Kaperoni (Dinar Guru) – Article: “Iraq on the brink of an ambitious program looming…” I am encouraged that we will see the beginnings of currency reform within the next few months. We can hope anyway.
______________________________________________________________
Loop (Dinar Guru) – [Would changing the rate of the Dinar have any affect on their rampant corruption issues?] IMO…They have a good handle on the corruption going on in the banking sector. While they still have work to do on this front they have systems in place to catch the crooks. So I do not see it has stopping them from a rate change at this point.
______________________________________________________________
Adam Montana (Dinar Guru) – There’s one name in particular that I’m happy to see in the news: Abadi. Anyone who’s been in this for more than a couple years has seen the amazing progress that’s come about since Maliki got the boot and Abadi came stomping in with the big boy pants on! The GOI was revamped, decluttered, and streamlined. Parliament picked up the pace and got a lot of things done that were simply not happening under the previous administration, and now: 1. Abadi confirms he’s planning on running for a second term. I see this as a shoe-in, no-brainer, it will happen, DONE. (Yes, we are going to hear some noise from the Maliki Camp, I say…ignore it). 2. Abadi is working hard towards full IMF and basically global support, and the fruits are coming. [post 1 of 2….stay tuned]
______________________________________________________________
Saudi King to Abadi: with restoring Iraq to turn in big area
King Salman bin Abdul Aziz, Saudi Arabia’s support for Iraq to restore its role in the region and strengthen relations with at all levels.
Abbadi’s Office said in a statement received Agency {news Euphrates} copy of it today, “Prime Minister Haidar Al-Abbadi met on the sidelines of the Summit Arabic King Salman bin Abdulaziz…
Adam Montana (Dinar Guru) – 3. “This week on Fox News Sunday: Haider al-Abadi, Prime Minister of Iraq, in an exclusive interview.” Get your popcorn out! Abadi on with Chris Wallace this weekend. Don’t expect a huge announcement from Abadi on the RV…this is just more proof that Iraq and the PTB are not going to stay where they are. The country is poised to make a leap, and we’re watching! Another thing I am paying close attention to in the news is Saudi Arabia… there is a LOT going on with that country right now. It’s a very complex situation, but the direction is tremendously good for us and for Iraq’s future as a very powerful and wealthy country. That might be one of the reasons why Saudi Arabia is taking these steps: “Saudi Arabia plans to cancel previous debt on Iraq” Bottom line…this is happening fast, and we’re just here for the ride. [post 2
of 2]
______________________________________________________________
MadDScout (Dinar Guru) – I know Abadi had a busy day today [Tuesday]. Abadi today met with : President Trump, V.President Pence, Secretary of State Rex Tillerson, Speaker of the House Paul Ryan and members of Congress, US Trade secretary Wilbur Ross, US Chamber of Commerce, along with delegations from GE and Boeing among others.This is a very good feel of how the new US President is working in a positive way with Iraq. [post 1 of 2….stay tuned]
______________________________________________________________
MadDScout (Dinar Guru) –Article: “Abadi discusses with US Trade Secretary lifting obstacles to investment companies” Quote: “Prime Minister Haider al-Abadi, during his visit to the United States, discussed with US Commerce Secretary Wilbur Ross the promotion of trade cooperation between the two countries.” This was a very good meeting from reports. I can not remember a one day event that produced so much positive for all sectors. It was like Abadi ran the table today. LOL …was a very positive day for us investors and for Iraq as a whole. [post 2 of 2]
______________________________________________________________
Electricity: the privatization of the energy will liberate citizens from private generators expenses
Ministry confirmed the electricity, that electricity investment project (the privatization of energy) will free citizen of the restrictions and expenses of amperage, generators and all the suffering of attrition.
Backdoc (Dinar Guru) Article: “Keywords announce start implementing the e-government project” VERY INTERESTING…WE GO FROM IMPLEMENTING THE DIGITAL E- DINAR ON FEBRUARY 8TH TO NOW GOING DIGITAL FOR GOVT. FUNCTIONS! YES, THE DIGITAL BLOCKCHAIN ADDS BETTER SECURITY, SPEED, AND EFFICIENCY! THIS WILL HELP PUT A HURT ON CORRUPTION!
______________________________________________________________
Adam Montana (Dinar Guru) – You’re probably also seeing a lot of positive news regarding ISIS, Mosul, etc on the “tube”. Or at least, you aren’t seeing so many negative news stories… and you know why that is, don’t you? It’s very simple – the media isn’t making a big deal about Iraq anymore because things are going REALLY GOOD, and those aren’t the stories that sell ads! …there is a LOT of progress happening right now with oil, agreements, and security. These are exactly what we want to see! We are getting to a point in this Iraqi Dinar situation that has me excited again, finally, and it’s been a long time since I felt this upbeat about the Dinar. We’ve been going in the “right way” for a long time, but now we are on a STRONG path to victory!
______________________________________________________________
Kaperoni (Dinar Guru) – Article quote: “in addition to the reform of the banking sector to support growth led by the private sector before starting the process of reconstructionin post – Daesh.” This seems to imply the banking sector reform is just around the corner…
______________________________________________________________
Tourism’s “economy News”: Iraqi antiquities need to pause
Economy News / special It demanded Tourism and Antiquities Authority necessity that there be a serious stand of Iraqi antiquities and make it an important tributary of the Iraqi tourism.
The general director of the tourist facilities in the Authority, Mahmoud al-Zubaidi (News of the economy), that Iraq holds a history spanning prehistoric and presence only gives economic footprint, pointing out that there is a move away from the development of tourism, particularly with regard to the Iraqi antiquities.
Aggiedad77 (Dinar Guru) – Article: “Iraq looking to raise obstacles to the entry of US companies to invest” IMO when Abadi talks here about “raising obstacles” he’s referring to a lessening of red tape for American companies and also a HUGE reduction in corruption issues that have kept many companies away in the past…He’s smiling because he knows who will pave the way for the success of his government as well as his country…and it will not be Iran…He’s got a new buddy in President Donald Trump and his administration…IMO look for Trump to be paying Iraq a visit this year…Frank [Guru Frank26] said that issues with investors has to do with Iraq’s restrictions on capital movement…as well as UN sanctions not being lifted, thus causing countries and investors to not want to go against the UN…Abadi has some definite changes he needs to make…that he can make…lift those restrictions…raise the value of your currency…get rid of the UN restrictions…IMO.
______________________________________________________________
Kaperoni (Dinar Guru) – […wondering if Trump can push for currency reform.] Currency reform is a consequence of economic and banking reform. …the IMF has made it very clear the dinar will be floated and will rise as a result of the growth of the economy. There is no confusion, it is stated clearly…the Balassa-Samuelson effect. ”Balassa–Samuelson implies that countries with rapidly expanding economies should tend to have more rapidly appreciating exchange rates.” In other words Iraq’s dinar is directly related to the growth of the private sector/market economy.
______________________________________________________________
Kaperoni (Dinar Guru) – Article: “International Monetary Fund agrees to release contractors’ receivables” Quote: “The appearance of Mohammed Saleh that the second review of the credit agreement showed a clear understanding and success…This success is the understanding and agreement on the release of receivables of all contractors amounting to more than 4 trillion dinars once the Federal Audit Bureau announced the completion of audit contracts contractors, and we know the SAI is about to complete this process.” So the IMF is going to pay almost $4 billion dollars to unpaid contractors in Iraq. This is huge.
______________________________________________________________
Click this link to join the DU “private” FaceBook Group…
tman23 (Dinar Guru) –This week in Washington is the NATIONAL COALITION MEETING…THE FIRST WHERE ALL COUNTRIES WILL BE TOGETHER…68! …THIS IS ALL ABOUT IRAQ AND SYRIA AND SPECIFICALLY ISIS…
______________________________________________________________
Kaperoni (Dinar Guru) – Article: “Sabri: Iraq’s economy will rise over the next five years” ...this statement is in line with several of the CBI going back a few years that the deletion of zeros would take 4-5 years. Sounds to me like they expect a gradual appreciation of the currency as the economy grows. Anyone? Balassa-Samuelson effect…
______________________________________________________________
United Nations Secretary General: we hope to achieve a Government representing all communities in Iraq
United Nations Secretary General Antonio Gutiérrez, Wednesday, we hope to achieve a Government that represents all the components in Iraq.
He welcomed Guterres in his speech during the Arabic League Summit in Jordan, “progress in Mosul and Iraqi troops restored to lands of ISIS’s control.
tman23 (Dinar Guru) – …ABADI BEST COME BACK FROM WASHINGTON WITH AN ARSENAL OF GIFTS FOR THE CITIZENS… OTHERWISE/WITH ACCESS TO FUTURE INTERNATIONAL LOANS BEING LIMITED…TICK-TOCK…TICK TOCK.
______________________________________________________________
Kaperoni (Dinar Guru) – The IMF would never agree to accept Iraq into Article VIII if they cannot comply with the Article VIII requirements… That means they must show stability at 2% or less for 90 days prior to acceptance into Article VIII. I don’t see anyway around that. That being said, they could get off the peg without approval from the IMF.
______________________________________________________________
firefly (Dinar Guru) – Anybody that’s been in this investment for any period of time should know that a lot of negative news will pop it’s ugly head at the end. Just remember what Dr. Shabibi said at Jackson Hole back in 2011 when he was asked when he will do the currency adjustment. After thinking about the question for a bit of time he stated “AFTER MUCH MEDIA PROPAGANDA” This is not about us. Just be thankful we were given the opportunity to be a part of this investment. Timing is everything right now. One mistake in their calculations would be catastrophic. …the true rate will show on the CBI 1st.
______________________________________________________________
Abadi looking with two US firms electricity and airlines to develop
Economy News / Baghdad …Search Prime Minister Haidar al-Abbadi (who is visiting Washington for now), with two US firms to develop the electricity sector in Iraq and the Iraqi air lines.
firefly (Dinar Guru) – Historically all currency adjustments are made in the 1st quarter of the fiscal year. Kuwait and Zambia are good reference points. There is much going on behind the scenes that we are not aware of. I for one am extremely excited at where we sit today.
______________________________________________________________
Kaperoni (Dinar Guru) – Article: “Expert: Iraq is heading for a social market economy within the plan that will last until 2030” More importantly, currency reform must begin before they will ever have a market economy.
______________________________________________________________
Kaperoni (Dinar Guru) – Article: “Detection 3 “goals” Abadi seeks to achieve” Quote: “…three goals of Prime Minister Haider al-Abadi seeks to achieve with major countries (Germany, Britain, America), as he emphasized the lack of plans for more “lending”, attributing the reason to determine Iraq certain doors by donor countries…” To me, this says they better get to work..and soon… “there are no plans for further lending”.
______________________________________________________________
Deputy: Abadi visit to Washington made Iraq the Middle East equilibrium point
MP in parliament, Abdul Rahman Alloizi, on Thursday, Prime Minister Haider al-Abadi’s visit to Washington has created a kind of balance in the Middle East.
He Alloizi, L / balance News /, said that “al-Abadi’s visit to Washington came in the context, the fact that Iraq today is one of the closest allies of the United States.”
BGG (Dinar Guru) – Quote: “…Based on the preliminary findings of this mission, staff will prepare a report that, subject to management approval, will be presented to the IMF’s Executive Board for discussion and decision…” exactly what decisions do the IMF executive board have to make coming up? I mean – they only deal with one thing. INTERNATIONAL MONETARY FUND. […can the CBI make a move before the DC meetings?] the CBI can do whatever they want…if the IMF doesn’t give their blessing who are they gonna’ sell their currency to? without international acceptance – there is no market. [post 2 of 2]
______________________________________________________________
BGG (Dinar Guru) – Quote: “The Iraqi authorities and IMF staff started discussions on the second review of the SBA. These discussions will continue during the upcoming IMF and World Bank Spring Meetings from April 21–23, 2017 in Washington, DC.” This is saying these finalization talks were already started…and will resume – (at the latest) in D.C. Quote: “During the visit, the team met with the Acting Minister of Finance Prof. Abdulrazzaq A. Jaleel Essa, Acting Governor of the Central Bank of Iraq (CBI), Dr. Ali Mohsen Ismail Al-Allaq, the Financial Adviser to the Prime Minister Dr. Mudher Saleh, and officials from the ministries of finance, oil, planning, the State Oil Marketing Organization, the Central Statistical Office, the Central Bank of Iraq, and representatives from the Kurdistan Regional Government, and the Board of Supreme Audit. The team would like to thank the Iraqi authorities for their cooperation and the open and productive discussions.”Mohammed Saleh…he’s been in these big IMF “shindig” meetings from the 5th to the 17th… he’s excited. [post 1 of 2….stay tuned]
_____________________________________________________________
Kaperoni (Dinar Guru) – Article: “Detection 3 “goals” Abadi seeks to achieve” Quote: “…three goals of Prime Minister Haider al-Abadi seeks to achieve with major countries (Germany, Britain, America), as he emphasized the lack of plans for more “lending”, attributing the reason to determine Iraq certain doors by donor countries…” To me, this says they better get to work..and soon… “there are no plans for further lending”.
_____________________________________________________________
Revbo (Dinar Guru) – “Statement at the End of an IMF Mission on Iraq” Quote: “…repair the banking sector are needed to support private sector-led growth and diversification of the economy once post- ISIS reconstruction is underway.” [I really believe we will see currency reform begin soon after the country is rid of ISIL since it is so important to the success of a private sector/market economy.] If they don’t turn it loose shortly after Mosul is liberated, they will be wasting a golden opportunity and a ton of momentum for a growing economy and national reconciliation.
______________________________________________________________
Kaperoni (Dinar Guru) – “Statement at the End of an IMF Mission on Iraq” Quote: “…repair the banking sector are needed to support private sector-led growth and diversification of the economy once post- ISIS reconstruction is underway.” I really believe we will see currency reform begin soon after the country is rid of ISIL since it is so important to the success of a private sector/market economy.
______________________________________________________________
Revbo (Dinar Guru) – I don’t know if this means anything, but yesterday was the first time I’ve ever seen no street rate posted on the CBI’s auction page.
______________________________________________________________
Maliki’s wealth estimated at $40 bln: sources
Iraqi former PM Nouri al-Maliki’s wealth is estimated at $40 billion, informed sources told The Baghdad Post on Thursday.
The sources revealed the 67-year-old has made his wealth through manipulating the Iraqi Central Bank’s accounts as well as his suspicious projects inside and outside Iraq.
They also confirmed he took over the 2014 state budget without releasing concluding statements….
The US has launched a missile strike against Syria for the first time since the civil war began, targeting an airbase from which the US said this week’s chemical weapons attack on civilians was launched by Bashar al-Assad’s regime.
Live Second attack on Syrian town hit by chemical weapons reported after Trump strikes in Idlib – live
American military strike hits airbase in Syria in retaliation for what US president called ‘horrible chemical weapons attack’ in Idlib.
MadDScout (Dinar Guru) – [We have always heard when article 140 and HCL are put into place and activated we should see the rate within hours of implementation. We know Mosul is a key part. Can they implement HCL and Article 140 on a program rate?] Answer: That theory is old and unfounded, and tends to put events in the wrong order, according to what we know right now. Being as this is never mentioned in any of Alaks statements when asked about what the CBI needs to make full monetary reforms, I have put it out of my vocabulary. As to the third part of your question, can they implement 140 at program rate, I think it is so far in the future (Art140) they will have a “rate” by then. But IMO one doesn’t equal the other. They are stand alone issues, unhinged one from another. Rate is only important to us.
______________________________________________________________
Kaperoni (Dinar Guru) – Article: “Abadi: Two months separating Iraq’s exit from Chapter VII” [It would seem that Iraq’s removal of Chapter 7 would occur before the dinar becomes marketable and begins to float…] …though it’s important for Iraq to have it’s own currency once sovereign, I do not think they are directly related. When the dinar floats is a more of a decision of the CBI based on monetary policy. IMO, I do not expect it to begin until just before foreign investment begins to pour into Iraq.
______________________________________________________________
A Dinar Updates “FaceBook Live”!! “LIVE Q&A with BGG” tonite 6:30pm CST – Apr 7th In the DU FaceBook Group!!
Frank26 (Dinar Guru) – We are in the next step of the monetary reform… many asked why they were putting more IQD’s …more 3 zeros back into the market in Iraq? We never said they were putting 3 zeros back into the market, we said they were putting dinars back into the market to accomplish: #1 – MCP – elimination of the USD’s. #2 – to educate the citizens. It’s NOT the value of the notes thats important…IT’S THE NOTE COUNT …remember ONE 50k note …would be equivalent to FIVE 10k notes…One 50k note…that they bring into the bank…because they are going to get it as “pay” – they would have to bring back FIVE 10k notes…would they not? [Reducing the note count]So what about your 3 zeros notes? Your 3 zero notes are going to the FEDS. It’s internally. That is where the monetary reform (MR) is now.
______________________________________________________________
Frank26 (Dinar Guru) –The goal is to de-dollarize the markets of Iraq. This will occur by doing 1,000 to 1…which IMO…is going on right now. When they do change the EXCHANGE RATE…to show 1 to 1…YES! …at that time, they will introduce more dinars…but guess what kind? The LOWER-DENOMS. Not the 50k they are using in their pay. This process will be concurrent – (at the same time). We never said they were putting Iraqi notes back into the market. This process is to take those notes away from the market. You will NOT see this 1,000 to 1 on the CBI website…it is 1 to 1 that you will see someday on the CBI website …IMO…that is VERY CLOSE …right around the corner…because they are doing 1,000 to 1 right now.
______________________________________________________________
Adam Montana (Dinar Guru) –[…are we just pretty much waiting on the total liberation of Mosul or what? I know, I know…the HCL must be passed and all that, but it seems as if Mosul is a real turning point?] Total liberation of Mosul? No sir, I do not believe Mosul will ever be totally liberated, nor will ISIS/ISIL/(Or Any Other Terror Group) be completely “eradicated”. The “war on terror” will never be “won”, we can only hope to keep it at a “manageable level”, and I believe we are pretty close to achieving that already, if not completely done achieving it.
______________________________________________________________
Frank26 (Dinar Guru) – […just want to make sure I understand correctly…any country in history that went through a currency reval… redenom…etc. always revealed their 1000:1 exchange rate. However, this time, with Iraq, we will NOT be seeing the 1000:1 exchange rate. We’ll see the 1:1 at its appropriate time. Correct?] IMO…Yes.
______________________________________________________________
Adam Montana (Dinar Guru) – […are you still as positive this week about the HCL being implemented as you were a few weeks ago?… and can Iraq change the rate anytime they want throughout the year or does it have to be done by the first quarter?] Absolutely yes! And they can do this any time they want, there are absolutely no real restrictions. “Any given Sunday”, as they say… or Monday, Tuesday, etc. [Do you think is possible to see an RV in 2017…] YES, emphatically so!
______________________________________________________________
Safe Zones As Soft Military Occupation: Trump’s Plan For Syria, Iraq Is Taking Shape
The Trump administration is moving closer to its goal of creating “safe zones” within Syria. Though this strategy may be described as a humanitarian effort, the sizable increase in military presence that it will bring looks more like an invasion in disguise.
Kaperoni (Dinar Guru) – “REPORT: Is the Iraqi dinar Recovering?” Quote: “With the economic boom led by the oil industry in Iraq, the national currency will rise eventually to reflect the true value of the oil indispensability of the country. It is likely to happen up when the central bank raises the value of the dinar.” Nice to hear them talk about the potential and process for the dinar. That being said, Iraq has not passed a significant law in quite a while even though many have called for them to do so. Yes, the banking system has made progress the last year under the guidance of the IMF, but it’s time Iraq does it’s part and pass the laws, to create the environment for investment. Then we shall see what happens.
______________________________________________________________
Loop (Dinar Guru) – Article: “Iraq: Confidence is in the Air” Quotes: “…there was a strong sense that Iraq’s fortunes are turning a corner…” “Confidence has returned to Baghdad — it is in the air! Baghdad is confident again, and it’s absolutely wonderful.” The IBBC (Iraq Britain Business Council) Spring Conference has started.
______________________________________________________________
Follow us on twitter @DinarUpdates !!
Dinar Updates – “NEWS TIME” w/MadDScout & Facebook Crew – April 6th 6:30pm CST – In the DU CHAT Room!!
Positive for the development of Iraq’s future outlook will have a positive impact among investors
Economy News / translation …
A report of the Network (CNBC) American that confidence expressed by Fitch International Foundation bisect the credit of the Iraqi economy last month, which will have a positive impact on investment in Iraq.
Network wrote in its report that Fitch gave Iraq rating B + with a positive outlook for the future, which believes it will be stable, although it is fighting a war against (Daesh).
She added that Fitch placed Iraq at the level of B + due to political risks and instability caused by conflicts going through.
Abadi: Iraq is moving toward stability and community reconciliation
Iraqi Position Network Iraqi Prime Minister Haidar al-Abadi said Sunday that Iraq is moving toward stability and community reconciliation and that the country has enormous potential for investment.
“The Iraqi position” on the need for institutional reform of the state and create jobs for new energies in the country.
He pointed out that the Iraqi budgets during the past years have accumulated with the growth and growth of the population throughout the country, so that the population will double in Iraq in a quarter of a century and will double the need for energy, “electricity and oil” over the next 15 years.
Al-Abbadi explained that Iraq is running for energy and that we seek to benefit from every barrel of oil and every torch of gas burned, declaring that the five-year plan is no longer sufficient and reliable for production because of the ongoing wars, which led to the decline of economic growth, the budgets of Iraq can no longer be sufficient to meet and cover The cost of current population growth.
BGG (Dinar Guru) – [Kushner is in Iraq at the invitation of Gen. Dunsford…it might not mean anything…but there was a lot of rumor about that a few weeks ago…] …what it means is… our President wants his most trusted people on the ground in Iraq. He’s engaged. Not trying to bail out!!
______________________________________________________________
BGG (Dinar Guru) – Article: “Abadi: Iraq is moving toward stability and community reconciliation” The title and first paragraph uses all the reform buzzwords immediately. Abadi: Iraq is moving toward stability and community reconciliation. 1) Stability 2) Reconciliation (important to the UN) “…Iraq is moving toward stability and community reconciliation and that the country has enormous potential for investment…” Boom – mic drop…
______________________________________________________________
BGG (Dinar Guru) – Article: “Abadi calls during his meeting with the Secretary of the United Nations to remove Iraq from Chapter VII” I don’t think the UN will remove Iraq from Ch 7 immediately… nor do I think it matters one way or the other – to us.
A military source: besieged Baghdadi in Mosul and near the end
{Baghdad: Euphrates News} a military source said early on Sunday that security forces are likely to be Abu Bakr al-Baghdadi, leader of the terrorist gangs Daesh occurred in the siege in Mosul and its end came close.
The source said that “what is likely to conclude the Iraqi military, infiltration attempt Aldoaash ten days ago in a convoy of vehicles quad payment backed by a few tanks to the Iraqi city of Tal Afar , near Mosul from Syria.”
He added, ” The terrorists tried to decipher the ring referred to followers of them trapped in Tal Afar, in order to serve in the event of the success of their plan to strengthen their abilities to march on Mosul.”
He pointed to “enable the popular crowd forces from the liquidation of all those who were in the convoy mentioned Aldoaash mentioned, while likely Our analysts to be the purpose behind trying to infiltrate terrorists into Tal Afar and then Mosul, the evacuation of the remaining leaders in Daesh there, or save Baghdadi himself, especially and we do not rule out its presence in Mosul. ”
1bobby (Dinar Guru) – Article: “The IMF is discussing boosting tax revenues in Iraq” The taxes and Tariff’s weren’t working to the expectations of the IMF, so they suggested to raise both. Recall the tax structure was part of the Structural Benchmarks NOT met during the SBA Review. What they are implementing is opening the private sector, put your citizens to work, take the taxes from them and products, and BAM you have more non oil revenue. …the IMF also mentioned bringing in the International Finance Corporation to assist in this lack of revenue endeavor. So everything is coming together. The hardest part is waiting.
______________________________________________________________
DAZ (Dinar Guru) – AND, WHEN A SATISFACTORY CONDITION AND ALIGNMENT OF ALL THE VARIOUS INTERESTS AND POWER STRUCTURES INVOLVED HAVE REACHED A POINT OF REASONABLE SATISFACTION THAT THEIR INTERESTS AND GOALS ARE MET… THEY WILL JUST AS SIMPLY…”TURN THE MONEY BACK ON”. IT WILL ALL COME TOGETHER WITH A PUBLIC RELEASE AND PERMISSION FOR ALL OF US TO EXCHANGE IN ANY MANNER WE WANT, ALMOST ANYWHERE WE WANT…AND IT WILL BE A SAFE, ORGANIZED, ULTIMATELY FAIR AND REASONABLY SIMPLE BUSINESS TRANSACTION. WE’RE READY WHEN THEY’RE READY. [post 2 of 2]
______________________________________________________________
Iraq will not sever ties with Iran despite pressure from Arab nations
AMMAN, Jordan – Iraq will not sever ties with neighboring Iran under pressure from other Arab countries, the Iraqi Foreign Minister confirmed to Rudaw on the sidelines of the Amman Summit as a draft resolution is being considered by the Arab League members calling on Tehran to cease meddling in affairs of the region.
“Iraq is not ready to step towards agitating the region and will not sever ties with any neighboring country,” Ibrahim al-Jaafari told Rudaw, referring to its Shiite neighbor Iran, a strong ally of Baghdad.
Baghdad is not willing to cut ties with any neighboring country, even Turkey, Jaafari said, despite growing differences between the two over the presence of Turkish troops in northern Iraq.
“Do you know that when I am speaking right here Turkish troops are in Iraq, but we have not ended relations with Turkey,” he said.
He stressed that Iraq is doing its best to have friendly relations with its neighbors.
“We do our outmost to lead our relations to go on the right way,” he said, confidently.
DAZ (Dinar Guru) – IRAQ HAS ALWAYS BEEN A WEALTHY, RICH CULTURE WITH A STRONG HERITAGE AND SIGNIFICANT HISTORY. IRAQ ALWAYS HAD AMPLE RESOURCES AND A STRONG ECONOMY… IN ITS OWN RIGHT. THEIR MONEY ALWAYS HAD VALUE, HISTORICALLY AND CONSISTENTLY. DUE TO PRESSURES TO ENACT A LIBERATION OF IRAQ AND EFFECT A REGIME CHANGE…A COALITION OF NATIONS “TURNED OFF THE MONEY (DINAR)” AS PART OF A WAR EFFORT AND STRATEGIC ASSAULT TO DEBASE THE FINANCES OF REVOLT, RESISTANCE AND INSURGENCY AGAINST THAT CHANGE IN 2004. THERE WAS, AND STILL IS, A PLAN TO GIVE REBIRTH AND REVITALIZE THAT ECONOMY, INFLUENCE THAT CULTURE AND, EVENTUALLY EMBRACE IRAQ, ITS PEOPLE AND THEIR WEALTH AND TRADE INTO THE GLOBAL ECONOMIC FOLD. [post 1 of 2….stay tuned]
______________________________________________________________
Frank26 (Dinar Guru) – FRESH FORM IRAQI TV… “The financial crisis has not led to the collapse of the dinar or to a major inflation in prices,” Prime Minister Haider al-Abbadi said.” Even A [Abadi] defends his Nation’s Currency now…Where there use to be embarrassment …There is soon to be a Value of Pride and Unity for Iraq and as a Donor Currency…For The reconciliation of The ME.( middle east).
______________________________________________________________
Kaperoni (Dinar Guru) – I think many in and out of Iraq believe the dinar is under valued. We have even heard “grossly under valued” before in statements. The fact is, the CBI is and must follow the directives of the IMF. No if’s, and’s about it. We cannot pick and choose what we read in IMF documents, if we believe the IMF, we must accept it all. Therefore, we see the CBI following the directives, attempting to remove restrictions (ie. the spread), rebuilding the banking system, removing restrictions on foreign exchange, cracking down on corruption and money laundering all in an attempt to prepare for Article VIII and freedom of movement of capital in and out of Iraq. Let it come to us.
______________________________________________________________
BGG (Dinar Guru) –When we talk about the price tag the IMF and the UN have put on Mosul…one has to wonder exactly what leverage the UN has in this game… It is clear what say the IMF has – they are the IMF… but the UN, on the other hand, not so clear…unless viewed through this narrow window. I doubt the UN will allow Iraq an immediate exit from Chapter 7 – the sanctions, yes… the protection… I just doubt it. What does this mean for us? As long as they are doing as the IMF and UN have laid out for them – no reason the IMF and the UN won’t support a return “international acceptance and integration”…and that is all any of us care about. [what has to happen for them to get out of chapter 7] A better question – and the one we all really want to know is… do they even have to be fully out of Chapter 7? My guess. No – they do not…
______________________________________________________________
1bobby (Dinar Guru) – …if we look at CH 7,the 2 big ones that were given back to Iraq were the right to defend themselves and control of their currency. Having the U.N announce the removal of CH 7 to the world is what Abadi’s looking for.
______________________________________________________________
MadDScout (Dinar Guru) – Article: “Abadi calls during his meeting with the Secretary of the United Nations to remove Iraq from Chapter VII” IMO) Abadi can only be asking because, along with other criteria, they are ready, or he would not have asked in front of the world…I think it says volumes about where they are.
______________________________________________________________
A Dinar Round Table Call “with the whole DU Crew” from Tues nite – Apr 4th Click-N-Listen!!
Kaperoni(Dinar Guru) – Article: “Abadi calls during a meeting with Secretary of the United Nations to remove Iraq from Chapter VII” Quote: “{Baghdad} Euphrates News called on Prime Minister Haider al-Abadi to remove Iraq from Chapter VII to end the occupation of Kuwait and file resolutions imposed on the people of Iraq because of Saddam’s regime policies.” This is important and will motivate them to get the dinar engaged with the global financial system.
______________________________________________________________
1bobby (Dinar Guru) – Article: “Abadi calls during his meeting with the Secretary of the United Nations to remove Iraq from Chapter VII” We knew that Iraq was NOT out of Chapter 7, but not in a stranglehold as they had been. They now have the right to defend themselves and control their currency. The issues that are outstanding are the reparations to Kuwait and to the best of my knowledge the Oil for Food/Medicine Program. Now if we look back to late last year Iraq made an announcement that the OFP had ended. If we recall the U.N Rep stated that Iraq has made great progress as far as the OFP and the June date was set as a “let’s see what happens between now and then” kind of a date. For Abadi to publicly come out and ask the U.N Secretary General to no longer associate Iraq with Ch 7, is a big move on his part and I doubt he’s expecting a no answer.They can still have working files, but to have the U.N come out and publicly rid Iraq of the CH 7 shadow would be a huge move forward. As we have seen Kuwait has been a big supporter of Iraq as of late and has continuously been working with Iraq on outstanding issues.
______________________________________________________________
Kaperoni (Dinar Guru) – Article: “Iraq’s Current Economic Outlook And How it Can Affect Dinar Value” Quote: “With the economic boom led by Iraq’s oil industry, the national currency in the form of the Dinar will eventually rise to reflect the true value of the country’s oil wealth. The rise will most likely happen when the National Bank of Iraq lifts the artificially low value placed on the nation’s currency in 2003.” The problem with that statement is the dinar is not artificially low. It reflects the current exchange rate based on the current conditions. Remember, Shabibi raised the value already from about 3000 / $1 to 1186 /$1 back in 2004-2005 to reduce inflation. Until the market economy takes off, IMO we will not the dinar rise the remainder of the way. To me, making such a statement as “artificially low value”…shows a lack of understanding…
______________________________________________________________
Chattels (Dinar Guru)- Article: “Iraqi News reporting US troop level increases. “America sends more troops to Iraq” It will be interesting to look for commentary in the news from Sadr and others.
______________________________________________________________
Loop (Dinar Guru)- Article: “Iraqi command: western Mosul battle finished “on the military level” Quotes: “western Mosul is done on the military level”, adding that “what is left to do is to purge the remaining areas”. “The remaining Islamic State members in the western side of Mosul are “gangs remnants that are targeted accurately by security forces”. What he is saying is that what is left are gangs and not an organized resistance.
______________________________________________________________
Kaperoni (Dinar Guru)- Article: “Governmental directives to amend legislation in the transition to a free economy” Quote: “The government proceeding towards a free economy and stimulate the private sector and this trend is accompanied by procedural and legal amendments.” He added that ” the General Secretariat will spare no effort to support the upgrading of Iraq on the highest indicators according to the World Bank standards.” We will have to watch the agenda’s the next few weeks and see if parliament acts
______________________________________________________________
BGG (Dinar Guru)- [What are your thoughts on the new cbi logo?] Lots of changes going on at the CBI. Change is GOOD
______________________________________________________________
Trump reaffirms US commitment to Iraqi people in phone call with Abadi
BAGHDAD, Iraq — A week after meeting face-to-face in Washington, D.C., Iraqi Prime Minister Haider al-Abadi received a phone call late Wednesday night, in which US President Donald Trump reaffirmed US commitment to the Iraqi people in the fight against ISIS.
Trump emphasized that military and intelligence cooperation should continue, according to the PM’s website, adding that the courage and intelligence of the Iraqi people “who are loved and respected” by the US will inevitably banish “ISIS gangs.”…
Loop (Dinar Guru) – Article: “Iraq’s economy is now on the way to recovery” Quotes: “The World Bank’s latest economic forecast expected Iraq to bounce back in 2016, growing at 7.2% in that year and continuing at around 5% in the next few years…With the security situation now improving, and the oil price on the rise – the indicators are moving in the right direction for Iraq’s economy.” UK MP from Scotland telling a group of Scottish companies that now it the time to invest in Iraq to make huge profits in the future. She is saying the the greatest opportunity to profit from the investment is prior to their ascension into the WTO. So once again we see someone from outside of Iraq pointing out what we have known for a long time. IRAQ’S ECONOMIC POTENTIAL IS HUGE AND THEY ARE GETTING THEIR ACT TOGETHER TO REALIZE THAT.
______________________________________________________________
Frank26 (Dinar Guru) – IN MY STRONG OPINION…the MR has been going on inside of Iraq for quite awhile ago. We’ve shown you many articles of how this is possible. Infancy is NOT the starting of the MR…it is in the stage that it is in right now… WALKING…taking it’s BABY STEPS…and soon…it will start WALKING VERY FAST! The speed will pick up just like we told you. BRILLIANT CALCULATED STEPS by Abadi and Trump! The East is done is Mosul…and 95% done on the West side of Mosul. Abadi said …I will announce to the world that Mosul is liberated at the Arab Summit. Abadi is under the US control…not like a puppet …we are a TEAM …Abadi is a TEAM PLAYER…and when he returns back to Iraq…GAMES ON!
BGG (Dinar Guru) – [Would changing the rate of the Dinar have any affect on their rampant corruption issues?] Just the opposite…them dealing with their corruption issues will help the world accept a higher rate for the Dinar. I am positive this is one of the items the IMF will be discussing shortly.
______________________________________________________________
Kaperoni (Dinar Guru) – Article: “Iraq on the brink of an ambitious program looming…” I am encouraged that we will see the beginnings of currency reform within the next few months. We can hope anyway.
______________________________________________________________
Loop (Dinar Guru) – [Would changing the rate of the Dinar have any affect on their rampant corruption issues?] IMO…They have a good handle on the corruption going on in the banking sector. While they still have work to do on this front they have systems in place to catch the crooks. So I do not see it has stopping them from a rate change at this point.
______________________________________________________________
Adam Montana (Dinar Guru) – There’s one name in particular that I’m happy to see in the news: Abadi. Anyone who’s been in this for more than a couple years has seen the amazing progress that’s come about since Maliki got the boot and Abadi came stomping in with the big boy pants on! The GOI was revamped, decluttered, and streamlined. Parliament picked up the pace and got a lot of things done that were simply not happening under the previous administration, and now: 1. Abadi confirms he’s planning on running for a second term. I see this as a shoe-in, no-brainer, it will happen, DONE. (Yes, we are going to hear some noise from the Maliki Camp, I say…ignore it). 2. Abadi is working hard towards full IMF and basically global support, and the fruits are coming. [post 1 of 2….stay tuned]
______________________________________________________________
Saudi King to Abadi: with restoring Iraq to turn in big area
King Salman bin Abdul Aziz, Saudi Arabia’s support for Iraq to restore its role in the region and strengthen relations with at all levels.
Abbadi’s Office said in a statement received Agency {news Euphrates} copy of it today, “Prime Minister Haidar Al-Abbadi met on the sidelines of the Summit Arabic King Salman bin Abdulaziz…
Adam Montana (Dinar Guru) – 3. “This week on Fox News Sunday: Haider al-Abadi, Prime Minister of Iraq, in an exclusive interview.” Get your popcorn out! Abadi on with Chris Wallace this weekend. Don’t expect a huge announcement from Abadi on the RV…this is just more proof that Iraq and the PTB are not going to stay where they are. The country is poised to make a leap, and we’re watching! Another thing I am paying close attention to in the news is Saudi Arabia… there is a LOT going on with that country right now. It’s a very complex situation, but the direction is tremendously good for us and for Iraq’s future as a very powerful and wealthy country. That might be one of the reasons why Saudi Arabia is taking these steps: “Saudi Arabia plans to cancel previous debt on Iraq” Bottom line…this is happening fast, and we’re just here for the ride. [post 2
of 2]
______________________________________________________________
MadDScout (Dinar Guru) – I know Abadi had a busy day today [Tuesday]. Abadi today met with : President Trump, V.President Pence, Secretary of State Rex Tillerson, Speaker of the House Paul Ryan and members of Congress, US Trade secretary Wilbur Ross, US Chamber of Commerce, along with delegations from GE and Boeing among others.This is a very good feel of how the new US President is working in a positive way with Iraq. [post 1 of 2….stay tuned]
______________________________________________________________
MadDScout (Dinar Guru) –Article: “Abadi discusses with US Trade Secretary lifting obstacles to investment companies” Quote: “Prime Minister Haider al-Abadi, during his visit to the United States, discussed with US Commerce Secretary Wilbur Ross the promotion of trade cooperation between the two countries.” This was a very good meeting from reports. I can not remember a one day event that produced so much positive for all sectors. It was like Abadi ran the table today. LOL …was a very positive day for us investors and for Iraq as a whole. [post 2 of 2]
______________________________________________________________
Electricity: the privatization of the energy will liberate citizens from private generators expenses
Ministry confirmed the electricity, that electricity investment project (the privatization of energy) will free citizen of the restrictions and expenses of amperage, generators and all the suffering of attrition.
Backdoc (Dinar Guru) Article: “Keywords announce start implementing the e-government project” VERY INTERESTING…WE GO FROM IMPLEMENTING THE DIGITAL E- DINAR ON FEBRUARY 8TH TO NOW GOING DIGITAL FOR GOVT. FUNCTIONS! YES, THE DIGITAL BLOCKCHAIN ADDS BETTER SECURITY, SPEED, AND EFFICIENCY! THIS WILL HELP PUT A HURT ON CORRUPTION!
______________________________________________________________
Adam Montana (Dinar Guru) – You’re probably also seeing a lot of positive news regarding ISIS, Mosul, etc on the “tube”. Or at least, you aren’t seeing so many negative news stories… and you know why that is, don’t you? It’s very simple – the media isn’t making a big deal about Iraq anymore because things are going REALLY GOOD, and those aren’t the stories that sell ads! …there is a LOT of progress happening right now with oil, agreements, and security. These are exactly what we want to see! We are getting to a point in this Iraqi Dinar situation that has me excited again, finally, and it’s been a long time since I felt this upbeat about the Dinar. We’ve been going in the “right way” for a long time, but now we are on a STRONG path to victory!
______________________________________________________________
Kaperoni (Dinar Guru) – Article quote: “in addition to the reform of the banking sector to support growth led by the private sector before starting the process of reconstructionin post – Daesh.” This seems to imply the banking sector reform is just around the corner…
______________________________________________________________
Tourism’s “economy News”: Iraqi antiquities need to pause
Economy News / special It demanded Tourism and Antiquities Authority necessity that there be a serious stand of Iraqi antiquities and make it an important tributary of the Iraqi tourism.
The general director of the tourist facilities in the Authority, Mahmoud al-Zubaidi (News of the economy), that Iraq holds a history spanning prehistoric and presence only gives economic footprint, pointing out that there is a move away from the development of tourism, particularly with regard to the Iraqi antiquities.
Aggiedad77 (Dinar Guru) – Article: “Iraq looking to raise obstacles to the entry of US companies to invest” IMO when Abadi talks here about “raising obstacles” he’s referring to a lessening of red tape for American companies and also a HUGE reduction in corruption issues that have kept many companies away in the past…He’s smiling because he knows who will pave the way for the success of his government as well as his country…and it will not be Iran…He’s got a new buddy in President Donald Trump and his administration…IMO look for Trump to be paying Iraq a visit this year…Frank [Guru Frank26] said that issues with investors has to do with Iraq’s restrictions on capital movement…as well as UN sanctions not being lifted, thus causing countries and investors to not want to go against the UN…Abadi has some definite changes he needs to make…that he can make…lift those restrictions…raise the value of your currency…get rid of the UN restrictions…IMO.
______________________________________________________________
Kaperoni (Dinar Guru) – […wondering if Trump can push for currency reform.] Currency reform is a consequence of economic and banking reform. …the IMF has made it very clear the dinar will be floated and will rise as a result of the growth of the economy. There is no confusion, it is stated clearly…the Balassa-Samuelson effect. ”Balassa–Samuelson implies that countries with rapidly expanding economies should tend to have more rapidly appreciating exchange rates.” In other words Iraq’s dinar is directly related to the growth of the private sector/market economy.
______________________________________________________________
Kaperoni (Dinar Guru) – Article: “International Monetary Fund agrees to release contractors’ receivables” Quote: “The appearance of Mohammed Saleh that the second review of the credit agreement showed a clear understanding and success…This success is the understanding and agreement on the release of receivables of all contractors amounting to more than 4 trillion dinars once the Federal Audit Bureau announced the completion of audit contracts contractors, and we know the SAI is about to complete this process.” So the IMF is going to pay almost $4 billion dollars to unpaid contractors in Iraq. This is huge.
______________________________________________________________
Click this link to join the DU “private” FaceBook Group…
tman23 (Dinar Guru) –This week in Washington is the NATIONAL COALITION MEETING…THE FIRST WHERE ALL COUNTRIES WILL BE TOGETHER…68! …THIS IS ALL ABOUT IRAQ AND SYRIA AND SPECIFICALLY ISIS…
______________________________________________________________
Kaperoni (Dinar Guru) – Article: “Sabri: Iraq’s economy will rise over the next five years” ...this statement is in line with several of the CBI going back a few years that the deletion of zeros would take 4-5 years. Sounds to me like they expect a gradual appreciation of the currency as the economy grows. Anyone? Balassa-Samuelson effect…
______________________________________________________________
United Nations Secretary General: we hope to achieve a Government representing all communities in Iraq
United Nations Secretary General Antonio Gutiérrez, Wednesday, we hope to achieve a Government that represents all the components in Iraq.
He welcomed Guterres in his speech during the Arabic League Summit in Jordan, “progress in Mosul and Iraqi troops restored to lands of ISIS’s control.
tman23 (Dinar Guru) – …ABADI BEST COME BACK FROM WASHINGTON WITH AN ARSENAL OF GIFTS FOR THE CITIZENS… OTHERWISE/WITH ACCESS TO FUTURE INTERNATIONAL LOANS BEING LIMITED…TICK-TOCK…TICK TOCK.
______________________________________________________________
Kaperoni (Dinar Guru) – The IMF would never agree to accept Iraq into Article VIII if they cannot comply with the Article VIII requirements… That means they must show stability at 2% or less for 90 days prior to acceptance into Article VIII. I don’t see anyway around that. That being said, they could get off the peg without approval from the IMF.
______________________________________________________________
firefly (Dinar Guru) – Anybody that’s been in this investment for any period of time should know that a lot of negative news will pop it’s ugly head at the end. Just remember what Dr. Shabibi said at Jackson Hole back in 2011 when he was asked when he will do the currency adjustment. After thinking about the question for a bit of time he stated “AFTER MUCH MEDIA PROPAGANDA” This is not about us. Just be thankful we were given the opportunity to be a part of this investment. Timing is everything right now. One mistake in their calculations would be catastrophic. …the true rate will show on the CBI 1st.
______________________________________________________________
Abadi looking with two US firms electricity and airlines to develop
Economy News / Baghdad …Search Prime Minister Haidar al-Abbadi (who is visiting Washington for now), with two US firms to develop the electricity sector in Iraq and the Iraqi air lines.
firefly (Dinar Guru) – Historically all currency adjustments are made in the 1st quarter of the fiscal year. Kuwait and Zambia are good reference points. There is much going on behind the scenes that we are not aware of. I for one am extremely excited at where we sit today.
______________________________________________________________
Kaperoni (Dinar Guru) – Article: “Expert: Iraq is heading for a social market economy within the plan that will last until 2030” More importantly, currency reform must begin before they will ever have a market economy.
______________________________________________________________
Kaperoni (Dinar Guru) – Article: “Detection 3 “goals” Abadi seeks to achieve” Quote: “…three goals of Prime Minister Haider al-Abadi seeks to achieve with major countries (Germany, Britain, America), as he emphasized the lack of plans for more “lending”, attributing the reason to determine Iraq certain doors by donor countries…” To me, this says they better get to work..and soon… “there are no plans for further lending”.
______________________________________________________________
Deputy: Abadi visit to Washington made Iraq the Middle East equilibrium point
MP in parliament, Abdul Rahman Alloizi, on Thursday, Prime Minister Haider al-Abadi’s visit to Washington has created a kind of balance in the Middle East.
He Alloizi, L / balance News /, said that “al-Abadi’s visit to Washington came in the context, the fact that Iraq today is one of the closest allies of the United States.”
BGG (Dinar Guru) – Quote: “…Based on the preliminary findings of this mission, staff will prepare a report that, subject to management approval, will be presented to the IMF’s Executive Board for discussion and decision…” exactly what decisions do the IMF executive board have to make coming up? I mean – they only deal with one thing. INTERNATIONAL MONETARY FUND. […can the CBI make a move before the DC meetings?] the CBI can do whatever they want…if the IMF doesn’t give their blessing who are they gonna’ sell their currency to? without international acceptance – there is no market. [post 2 of 2]
______________________________________________________________
BGG (Dinar Guru) – Quote: “The Iraqi authorities and IMF staff started discussions on the second review of the SBA. These discussions will continue during the upcoming IMF and World Bank Spring Meetings from April 21–23, 2017 in Washington, DC.” This is saying these finalization talks were already started…and will resume – (at the latest) in D.C. Quote: “During the visit, the team met with the Acting Minister of Finance Prof. Abdulrazzaq A. Jaleel Essa, Acting Governor of the Central Bank of Iraq (CBI), Dr. Ali Mohsen Ismail Al-Allaq, the Financial Adviser to the Prime Minister Dr. Mudher Saleh, and officials from the ministries of finance, oil, planning, the State Oil Marketing Organization, the Central Statistical Office, the Central Bank of Iraq, and representatives from the Kurdistan Regional Government, and the Board of Supreme Audit. The team would like to thank the Iraqi authorities for their cooperation and the open and productive discussions.”Mohammed Saleh…he’s been in these big IMF “shindig” meetings from the 5th to the 17th… he’s excited. [post 1 of 2….stay tuned]
_____________________________________________________________
Kaperoni (Dinar Guru) – Article: “Detection 3 “goals” Abadi seeks to achieve” Quote: “…three goals of Prime Minister Haider al-Abadi seeks to achieve with major countries (Germany, Britain, America), as he emphasized the lack of plans for more “lending”, attributing the reason to determine Iraq certain doors by donor countries…” To me, this says they better get to work..and soon… “there are no plans for further lending”.
_____________________________________________________________
Revbo (Dinar Guru) – “Statement at the End of an IMF Mission on Iraq” Quote: “…repair the banking sector are needed to support private sector-led growth and diversification of the economy once post- ISIS reconstruction is underway.” [I really believe we will see currency reform begin soon after the country is rid of ISIL since it is so important to the success of a private sector/market economy.] If they don’t turn it loose shortly after Mosul is liberated, they will be wasting a golden opportunity and a ton of momentum for a growing economy and national reconciliation.
______________________________________________________________
Kaperoni (Dinar Guru) – “Statement at the End of an IMF Mission on Iraq” Quote: “…repair the banking sector are needed to support private sector-led growth and diversification of the economy once post- ISIS reconstruction is underway.” I really believe we will see currency reform begin soon after the country is rid of ISIL since it is so important to the success of a private sector/market economy.
______________________________________________________________
Revbo (Dinar Guru) – I don’t know if this means anything, but yesterday was the first time I’ve ever seen no street rate posted on the CBI’s auction page.
______________________________________________________________
Maliki’s wealth estimated at $40 bln: sources
Iraqi former PM Nouri al-Maliki’s wealth is estimated at $40 billion, informed sources told The Baghdad Post on Thursday.
The sources revealed the 67-year-old has made his wealth through manipulating the Iraqi Central Bank’s accounts as well as his suspicious projects inside and outside Iraq.
They also confirmed he took over the 2014 state budget without releasing concluding statements….
There is no doubt that the main driving force of economic growth in Iraq, is its natural resources, which is reflected in the large number of oil and gas fields, which have become open to international trade.
And investing companies from all over the world in the development of these resources, which is reflected in the increasing oil exports in the country. It seems that Iraq has fully recovered from the damage suffered in the time of Saddam Hussein’s regime.
And on further exploration of Iraq’s oil reserves by international companies that are supposed to lead to a major increase in oil wealth, as well as known reserves in Iraq, it seems the country in spite of all these features have to form a geologist could reach the summit of wealth, unlike countries that spend a lot of money drilling, and this leads having to pay exorbitant costs for the extraction of oil…
At a major Iraqi business event on Monday, there was a strong sense that Iraq’s fortunes are turning a corner, with the Islamic State group (IS, ISIS, ISIL, Da’esh) on the retreat, and substantial export funding newly available for projects in the country.
More than 250 delegates attended the Iraq Britain Business Council (IBBC)‘s Spring Conference in London, with half of those flying in from Iraq.
Kaperoni (Dinar Guru) – “REPORT: Is the Iraqi dinar Recovering?” Quote: “With the economic boom led by the oil industry in Iraq, the national currency will rise eventually to reflect the true value of the oil indispensability of the country. It is likely to happen up when the central bank raises the value of the dinar.” Nice to hear them talk about the potential and process for the dinar. That being said, Iraq has not passed a significant law in quite a while even though many have called for them to do so. Yes, the banking system has made progress the last year under the guidance of the IMF, but it’s time Iraq does it’s part and pass the laws, to create the environment for investment. Then we shall see what happens.
______________________________________________________________
loop (Dinar Guru) – Article: “Iraq: Confidence is in the Air” Quotes: “…there was a strong sense that Iraq’s fortunes are turning a corner…” “Confidence has returned to Baghdad — it is in the air! Baghdad is confident again, and it’s absolutely wonderful.” The IBBC (Iraq Britain Business Council) Spring Conference has started.
_____________________________________________________________
Follow us on twitter @DinarUpdates !!
Dinar Updates – “NEWS TIME” w/MadDScout & Facebook Crew – April 6th 6:30pm CST – In the DU CHAT Room!!
Positive for the development of Iraq’s future outlook will have a positive impact among investors
Economy News / translation …
A report of the Network (CNBC) American that confidence expressed by Fitch International Foundation bisect the credit of the Iraqi economy last month, which will have a positive impact on investment in Iraq.
Network wrote in its report that Fitch gave Iraq rating B + with a positive outlook for the future, which believes it will be stable, although it is fighting a war against (Daesh).
She added that Fitch placed Iraq at the level of B + due to political risks and instability caused by conflicts going through.
Abadi: Iraq is moving toward stability and community reconciliation
Iraqi Position Network Iraqi Prime Minister Haidar al-Abadi said Sunday that Iraq is moving toward stability and community reconciliation and that the country has enormous potential for investment.
“The Iraqi position” on the need for institutional reform of the state and create jobs for new energies in the country.
He pointed out that the Iraqi budgets during the past years have accumulated with the growth and growth of the population throughout the country, so that the population will double in Iraq in a quarter of a century and will double the need for energy, “electricity and oil” over the next 15 years.
Al-Abbadi explained that Iraq is running for energy and that we seek to benefit from every barrel of oil and every torch of gas burned, declaring that the five-year plan is no longer sufficient and reliable for production because of the ongoing wars, which led to the decline of economic growth, the budgets of Iraq can no longer be sufficient to meet and cover The cost of current population growth.
BGG (Dinar Guru) – [Kushner is in Iraq at the invitation of Gen. Dunsford…it might not mean anything…but there was a lot of rumor about that a few weeks ago…] …what it means is… our President wants his most trusted people on the ground in Iraq. He’s engaged. Not trying to bail out!!
______________________________________________________________
BGG (Dinar Guru) – Article: “Abadi: Iraq is moving toward stability and community reconciliation” The title and first paragraph uses all the reform buzzwords immediately. Abadi: Iraq is moving toward stability and community reconciliation. 1) Stability 2) Reconciliation (important to the UN) “…Iraq is moving toward stability and community reconciliation and that the country has enormous potential for investment…” Boom – mic drop…
______________________________________________________________
BGG (Dinar Guru) – Article: “Abadi calls during his meeting with the Secretary of the United Nations to remove Iraq from Chapter VII” I don’t think the UN will remove Iraq from Ch 7 immediately… nor do I think it matters one way or the other – to us.
A military source: besieged Baghdadi in Mosul and near the end
{Baghdad: Euphrates News} a military source said early on Sunday that security forces are likely to be Abu Bakr al-Baghdadi, leader of the terrorist gangs Daesh occurred in the siege in Mosul and its end came close.
The source said that “what is likely to conclude the Iraqi military, infiltration attempt Aldoaash ten days ago in a convoy of vehicles quad payment backed by a few tanks to the Iraqi city of Tal Afar , near Mosul from Syria.”
He added, ” The terrorists tried to decipher the ring referred to followers of them trapped in Tal Afar, in order to serve in the event of the success of their plan to strengthen their abilities to march on Mosul.”
He pointed to “enable the popular crowd forces from the liquidation of all those who were in the convoy mentioned Aldoaash mentioned, while likely Our analysts to be the purpose behind trying to infiltrate terrorists into Tal Afar and then Mosul, the evacuation of the remaining leaders in Daesh there, or save Baghdadi himself, especially and we do not rule out its presence in Mosul. ”
1bobby (Dinar Guru) – Article: “The IMF is discussing boosting tax revenues in Iraq” The taxes and Tariff’s weren’t working to the expectations of the IMF, so they suggested to raise both. Recall the tax structure was part of the Structural Benchmarks NOT met during the SBA Review. What they are implementing is opening the private sector, put your citizens to work, take the taxes from them and products, and BAM you have more non oil revenue. …the IMF also mentioned bringing in the International Finance Corporation to assist in this lack of revenue endeavor. So everything is coming together. The hardest part is waiting.
______________________________________________________________
DAZ (Dinar Guru) – AND, WHEN A SATISFACTORY CONDITION AND ALIGNMENT OF ALL THE VARIOUS INTERESTS AND POWER STRUCTURES INVOLVED HAVE REACHED A POINT OF REASONABLE SATISFACTION THAT THEIR INTERESTS AND GOALS ARE MET… THEY WILL JUST AS SIMPLY…”TURN THE MONEY BACK ON”. IT WILL ALL COME TOGETHER WITH A PUBLIC RELEASE AND PERMISSION FOR ALL OF US TO EXCHANGE IN ANY MANNER WE WANT, ALMOST ANYWHERE WE WANT…AND IT WILL BE A SAFE, ORGANIZED, ULTIMATELY FAIR AND REASONABLY SIMPLE BUSINESS TRANSACTION. WE’RE READY WHEN THEY’RE READY. [post 2 of 2]
______________________________________________________________
Iraq will not sever ties with Iran despite pressure from Arab nations
AMMAN, Jordan – Iraq will not sever ties with neighboring Iran under pressure from other Arab countries, the Iraqi Foreign Minister confirmed to Rudaw on the sidelines of the Amman Summit as a draft resolution is being considered by the Arab League members calling on Tehran to cease meddling in affairs of the region.
“Iraq is not ready to step towards agitating the region and will not sever ties with any neighboring country,” Ibrahim al-Jaafari told Rudaw, referring to its Shiite neighbor Iran, a strong ally of Baghdad.
Baghdad is not willing to cut ties with any neighboring country, even Turkey, Jaafari said, despite growing differences between the two over the presence of Turkish troops in northern Iraq.
“Do you know that when I am speaking right here Turkish troops are in Iraq, but we have not ended relations with Turkey,” he said.
He stressed that Iraq is doing its best to have friendly relations with its neighbors.
“We do our outmost to lead our relations to go on the right way,” he said, confidently.
DAZ (Dinar Guru) – IRAQ HAS ALWAYS BEEN A WEALTHY, RICH CULTURE WITH A STRONG HERITAGE AND SIGNIFICANT HISTORY. IRAQ ALWAYS HAD AMPLE RESOURCES AND A STRONG ECONOMY… IN ITS OWN RIGHT. THEIR MONEY ALWAYS HAD VALUE, HISTORICALLY AND CONSISTENTLY. DUE TO PRESSURES TO ENACT A LIBERATION OF IRAQ AND EFFECT A REGIME CHANGE…A COALITION OF NATIONS “TURNED OFF THE MONEY (DINAR)” AS PART OF A WAR EFFORT AND STRATEGIC ASSAULT TO DEBASE THE FINANCES OF REVOLT, RESISTANCE AND INSURGENCY AGAINST THAT CHANGE IN 2004. THERE WAS, AND STILL IS, A PLAN TO GIVE REBIRTH AND REVITALIZE THAT ECONOMY, INFLUENCE THAT CULTURE AND, EVENTUALLY EMBRACE IRAQ, ITS PEOPLE AND THEIR WEALTH AND TRADE INTO THE GLOBAL ECONOMIC FOLD. [post 1 of 2….stay tuned]
______________________________________________________________
Frank26 (Dinar Guru) – FRESH FORM IRAQI TV… “The financial crisis has not led to the collapse of the dinar or to a major inflation in prices,” Prime Minister Haider al-Abbadi said.” Even A [Abadi] defends his Nation’s Currency now…Where there use to be embarrassment …There is soon to be a Value of Pride and Unity for Iraq and as a Donor Currency…For The reconciliation of The ME.( middle east).
______________________________________________________________
Kaperoni (Dinar Guru) – I think many in and out of Iraq believe the dinar is under valued. We have even heard “grossly under valued” before in statements. The fact is, the CBI is and must follow the directives of the IMF. No if’s, and’s about it. We cannot pick and choose what we read in IMF documents, if we believe the IMF, we must accept it all. Therefore, we see the CBI following the directives, attempting to remove restrictions (ie. the spread), rebuilding the banking system, removing restrictions on foreign exchange, cracking down on corruption and money laundering all in an attempt to prepare for Article VIII and freedom of movement of capital in and out of Iraq. Let it come to us.
______________________________________________________________
BGG (Dinar Guru) –When we talk about the price tag the IMF and the UN have put on Mosul…one has to wonder exactly what leverage the UN has in this game… It is clear what say the IMF has – they are the IMF… but the UN, on the other hand, not so clear…unless viewed through this narrow window. I doubt the UN will allow Iraq an immediate exit from Chapter 7 – the sanctions, yes… the protection… I just doubt it. What does this mean for us? As long as they are doing as the IMF and UN have laid out for them – no reason the IMF and the UN won’t support a return “international acceptance and integration”…and that is all any of us care about. [what has to happen for them to get out of chapter 7] A better question – and the one we all really want to know is… do they even have to be fully out of Chapter 7? My guess. No – they do not…
______________________________________________________________
1bobby (Dinar Guru) – …if we look at CH 7,the 2 big ones that were given back to Iraq were the right to defend themselves and control of their currency. Having the U.N announce the removal of CH 7 to the world is what Abadi’s looking for.
______________________________________________________________
MadDScout (Dinar Guru) – Article: “Abadi calls during his meeting with the Secretary of the United Nations to remove Iraq from Chapter VII” IMO) Abadi can only be asking because, along with other criteria, they are ready, or he would not have asked in front of the world…I think it says volumes about where they are.
______________________________________________________________
A Dinar Round Table Call “with the whole DU Crew” from Tues nite – Apr 4th Click-N-Listen!!
Kaperoni(Dinar Guru) – Article: “Abadi calls during a meeting with Secretary of the United Nations to remove Iraq from Chapter VII” Quote: “{Baghdad} Euphrates News called on Prime Minister Haider al-Abadi to remove Iraq from Chapter VII to end the occupation of Kuwait and file resolutions imposed on the people of Iraq because of Saddam’s regime policies.” This is important and will motivate them to get the dinar engaged with the global financial system.
______________________________________________________________
1bobby (Dinar Guru) – Article: “Abadi calls during his meeting with the Secretary of the United Nations to remove Iraq from Chapter VII” We knew that Iraq was NOT out of Chapter 7, but not in a stranglehold as they had been. They now have the right to defend themselves and control their currency. The issues that are outstanding are the reparations to Kuwait and to the best of my knowledge the Oil for Food/Medicine Program. Now if we look back to late last year Iraq made an announcement that the OFP had ended. If we recall the U.N Rep stated that Iraq has made great progress as far as the OFP and the June date was set as a “let’s see what happens between now and then” kind of a date. For Abadi to publicly come out and ask the U.N Secretary General to no longer associate Iraq with Ch 7, is a big move on his part and I doubt he’s expecting a no answer.They can still have working files, but to have the U.N come out and publicly rid Iraq of the CH 7 shadow would be a huge move forward. As we have seen Kuwait has been a big supporter of Iraq as of late and has continuously been working with Iraq on outstanding issues.
______________________________________________________________
Kaperoni (Dinar Guru) – Article: “Iraq’s Current Economic Outlook And How it Can Affect Dinar Value” Quote: “With the economic boom led by Iraq’s oil industry, the national currency in the form of the Dinar will eventually rise to reflect the true value of the country’s oil wealth. The rise will most likely happen when the National Bank of Iraq lifts the artificially low value placed on the nation’s currency in 2003.” The problem with that statement is the dinar is not artificially low. It reflects the current exchange rate based on the current conditions. Remember, Shabibi raised the value already from about 3000 / $1 to 1186 /$1 back in 2004-2005 to reduce inflation. Until the market economy takes off, IMO we will not the dinar rise the remainder of the way. To me, making such a statement as “artificially low value”…shows a lack of understanding…
______________________________________________________________
Chattels (Dinar Guru)- Article: “Iraqi News reporting US troop level increases. “America sends more troops to Iraq” It will be interesting to look for commentary in the news from Sadr and others.
______________________________________________________________
Loop (Dinar Guru)- Article: “Iraqi command: western Mosul battle finished “on the military level” Quotes: “western Mosul is done on the military level”, adding that “what is left to do is to purge the remaining areas”. “The remaining Islamic State members in the western side of Mosul are “gangs remnants that are targeted accurately by security forces”. What he is saying is that what is left are gangs and not an organized resistance.
______________________________________________________________
Kaperoni (Dinar Guru)- Article: “Governmental directives to amend legislation in the transition to a free economy” Quote: “The government proceeding towards a free economy and stimulate the private sector and this trend is accompanied by procedural and legal amendments.” He added that ” the General Secretariat will spare no effort to support the upgrading of Iraq on the highest indicators according to the World Bank standards.” We will have to watch the agenda’s the next few weeks and see if parliament acts
______________________________________________________________
BGG (Dinar Guru)- [What are your thoughts on the new cbi logo?] Lots of changes going on at the CBI. Change is GOOD
______________________________________________________________
Trump reaffirms US commitment to Iraqi people in phone call with Abadi
BAGHDAD, Iraq — A week after meeting face-to-face in Washington, D.C., Iraqi Prime Minister Haider al-Abadi received a phone call late Wednesday night, in which US President Donald Trump reaffirmed US commitment to the Iraqi people in the fight against ISIS.
Trump emphasized that military and intelligence cooperation should continue, according to the PM’s website, adding that the courage and intelligence of the Iraqi people “who are loved and respected” by the US will inevitably banish “ISIS gangs.”…
Loop (Dinar Guru) – Article: “Iraq’s economy is now on the way to recovery” Quotes: “The World Bank’s latest economic forecast expected Iraq to bounce back in 2016, growing at 7.2% in that year and continuing at around 5% in the next few years…With the security situation now improving, and the oil price on the rise – the indicators are moving in the right direction for Iraq’s economy.” UK MP from Scotland telling a group of Scottish companies that now it the time to invest in Iraq to make huge profits in the future. She is saying the the greatest opportunity to profit from the investment is prior to their ascension into the WTO. So once again we see someone from outside of Iraq pointing out what we have known for a long time. IRAQ’S ECONOMIC POTENTIAL IS HUGE AND THEY ARE GETTING THEIR ACT TOGETHER TO REALIZE THAT.
______________________________________________________________
Frank26 (Dinar Guru) – IN MY STRONG OPINION…the MR has been going on inside of Iraq for quite awhile ago. We’ve shown you many articles of how this is possible. Infancy is NOT the starting of the MR…it is in the stage that it is in right now… WALKING…taking it’s BABY STEPS…and soon…it will start WALKING VERY FAST! The speed will pick up just like we told you. BRILLIANT CALCULATED STEPS by Abadi and Trump! The East is done is Mosul…and 95% done on the West side of Mosul. Abadi said …I will announce to the world that Mosul is liberated at the Arab Summit. Abadi is under the US control…not like a puppet …we are a TEAM …Abadi is a TEAM PLAYER…and when he returns back to Iraq…GAMES ON!
BGG (Dinar Guru) – [Would changing the rate of the Dinar have any affect on their rampant corruption issues?] Just the opposite…them dealing with their corruption issues will help the world accept a higher rate for the Dinar. I am positive this is one of the items the IMF will be discussing shortly.
______________________________________________________________
Kaperoni (Dinar Guru) – Article: “Iraq on the brink of an ambitious program looming…” I am encouraged that we will see the beginnings of currency reform within the next few months. We can hope anyway.
______________________________________________________________
Loop (Dinar Guru) – [Would changing the rate of the Dinar have any affect on their rampant corruption issues?] IMO…They have a good handle on the corruption going on in the banking sector. While they still have work to do on this front they have systems in place to catch the crooks. So I do not see it has stopping them from a rate change at this point.
______________________________________________________________
Adam Montana (Dinar Guru) – There’s one name in particular that I’m happy to see in the news: Abadi. Anyone who’s been in this for more than a couple years has seen the amazing progress that’s come about since Maliki got the boot and Abadi came stomping in with the big boy pants on! The GOI was revamped, decluttered, and streamlined. Parliament picked up the pace and got a lot of things done that were simply not happening under the previous administration, and now: 1. Abadi confirms he’s planning on running for a second term. I see this as a shoe-in, no-brainer, it will happen, DONE. (Yes, we are going to hear some noise from the Maliki Camp, I say…ignore it). 2. Abadi is working hard towards full IMF and basically global support, and the fruits are coming. [post 1 of 2….stay tuned]
______________________________________________________________
Saudi King to Abadi: with restoring Iraq to turn in big area
King Salman bin Abdul Aziz, Saudi Arabia’s support for Iraq to restore its role in the region and strengthen relations with at all levels.
Abbadi’s Office said in a statement received Agency {news Euphrates} copy of it today, “Prime Minister Haidar Al-Abbadi met on the sidelines of the Summit Arabic King Salman bin Abdulaziz…
Adam Montana (Dinar Guru) – 3. “This week on Fox News Sunday: Haider al-Abadi, Prime Minister of Iraq, in an exclusive interview.” Get your popcorn out! Abadi on with Chris Wallace this weekend. Don’t expect a huge announcement from Abadi on the RV…this is just more proof that Iraq and the PTB are not going to stay where they are. The country is poised to make a leap, and we’re watching! Another thing I am paying close attention to in the news is Saudi Arabia… there is a LOT going on with that country right now. It’s a very complex situation, but the direction is tremendously good for us and for Iraq’s future as a very powerful and wealthy country. That might be one of the reasons why Saudi Arabia is taking these steps: “Saudi Arabia plans to cancel previous debt on Iraq” Bottom line…this is happening fast, and we’re just here for the ride. [post 2
of 2]
______________________________________________________________
MadDScout (Dinar Guru) – I know Abadi had a busy day today [Tuesday]. Abadi today met with : President Trump, V.President Pence, Secretary of State Rex Tillerson, Speaker of the House Paul Ryan and members of Congress, US Trade secretary Wilbur Ross, US Chamber of Commerce, along with delegations from GE and Boeing among others.This is a very good feel of how the new US President is working in a positive way with Iraq. [post 1 of 2….stay tuned]
______________________________________________________________
MadDScout (Dinar Guru) –Article: “Abadi discusses with US Trade Secretary lifting obstacles to investment companies” Quote: “Prime Minister Haider al-Abadi, during his visit to the United States, discussed with US Commerce Secretary Wilbur Ross the promotion of trade cooperation between the two countries.” This was a very good meeting from reports. I can not remember a one day event that produced so much positive for all sectors. It was like Abadi ran the table today. LOL …was a very positive day for us investors and for Iraq as a whole. [post 2 of 2]
______________________________________________________________
Electricity: the privatization of the energy will liberate citizens from private generators expenses
Ministry confirmed the electricity, that electricity investment project (the privatization of energy) will free citizen of the restrictions and expenses of amperage, generators and all the suffering of attrition.
Backdoc (Dinar Guru) Article: “Keywords announce start implementing the e-government project” VERY INTERESTING…WE GO FROM IMPLEMENTING THE DIGITAL E- DINAR ON FEBRUARY 8TH TO NOW GOING DIGITAL FOR GOVT. FUNCTIONS! YES, THE DIGITAL BLOCKCHAIN ADDS BETTER SECURITY, SPEED, AND EFFICIENCY! THIS WILL HELP PUT A HURT ON CORRUPTION!
______________________________________________________________
Adam Montana (Dinar Guru) – You’re probably also seeing a lot of positive news regarding ISIS, Mosul, etc on the “tube”. Or at least, you aren’t seeing so many negative news stories… and you know why that is, don’t you? It’s very simple – the media isn’t making a big deal about Iraq anymore because things are going REALLY GOOD, and those aren’t the stories that sell ads! …there is a LOT of progress happening right now with oil, agreements, and security. These are exactly what we want to see! We are getting to a point in this Iraqi Dinar situation that has me excited again, finally, and it’s been a long time since I felt this upbeat about the Dinar. We’ve been going in the “right way” for a long time, but now we are on a STRONG path to victory!
______________________________________________________________
Kaperoni (Dinar Guru) – Article quote: “in addition to the reform of the banking sector to support growth led by the private sector before starting the process of reconstructionin post – Daesh.” This seems to imply the banking sector reform is just around the corner…
______________________________________________________________
Tourism’s “economy News”: Iraqi antiquities need to pause
Economy News / special It demanded Tourism and Antiquities Authority necessity that there be a serious stand of Iraqi antiquities and make it an important tributary of the Iraqi tourism.
The general director of the tourist facilities in the Authority, Mahmoud al-Zubaidi (News of the economy), that Iraq holds a history spanning prehistoric and presence only gives economic footprint, pointing out that there is a move away from the development of tourism, particularly with regard to the Iraqi antiquities.
Aggiedad77 (Dinar Guru) – Article: “Iraq looking to raise obstacles to the entry of US companies to invest” IMO when Abadi talks here about “raising obstacles” he’s referring to a lessening of red tape for American companies and also a HUGE reduction in corruption issues that have kept many companies away in the past…He’s smiling because he knows who will pave the way for the success of his government as well as his country…and it will not be Iran…He’s got a new buddy in President Donald Trump and his administration…IMO look for Trump to be paying Iraq a visit this year…Frank [Guru Frank26] said that issues with investors has to do with Iraq’s restrictions on capital movement…as well as UN sanctions not being lifted, thus causing countries and investors to not want to go against the UN…Abadi has some definite changes he needs to make…that he can make…lift those restrictions…raise the value of your currency…get rid of the UN restrictions…IMO.
______________________________________________________________
Kaperoni (Dinar Guru) – […wondering if Trump can push for currency reform.] Currency reform is a consequence of economic and banking reform. …the IMF has made it very clear the dinar will be floated and will rise as a result of the growth of the economy. There is no confusion, it is stated clearly…the Balassa-Samuelson effect. ”Balassa–Samuelson implies that countries with rapidly expanding economies should tend to have more rapidly appreciating exchange rates.” In other words Iraq’s dinar is directly related to the growth of the private sector/market economy.
______________________________________________________________
Kaperoni (Dinar Guru) – Article: “International Monetary Fund agrees to release contractors’ receivables” Quote: “The appearance of Mohammed Saleh that the second review of the credit agreement showed a clear understanding and success…This success is the understanding and agreement on the release of receivables of all contractors amounting to more than 4 trillion dinars once the Federal Audit Bureau announced the completion of audit contracts contractors, and we know the SAI is about to complete this process.” So the IMF is going to pay almost $4 billion dollars to unpaid contractors in Iraq. This is huge.
______________________________________________________________
Click this link to join the DU “private” FaceBook Group…
tman23 (Dinar Guru) –This week in Washington is the NATIONAL COALITION MEETING…THE FIRST WHERE ALL COUNTRIES WILL BE TOGETHER…68! …THIS IS ALL ABOUT IRAQ AND SYRIA AND SPECIFICALLY ISIS…
______________________________________________________________
Kaperoni (Dinar Guru) – Article: “Sabri: Iraq’s economy will rise over the next five years” ...this statement is in line with several of the CBI going back a few years that the deletion of zeros would take 4-5 years. Sounds to me like they expect a gradual appreciation of the currency as the economy grows. Anyone? Balassa-Samuelson effect…
______________________________________________________________
United Nations Secretary General: we hope to achieve a Government representing all communities in Iraq
United Nations Secretary General Antonio Gutiérrez, Wednesday, we hope to achieve a Government that represents all the components in Iraq.
He welcomed Guterres in his speech during the Arabic League Summit in Jordan, “progress in Mosul and Iraqi troops restored to lands of ISIS’s control.
tman23 (Dinar Guru) – …ABADI BEST COME BACK FROM WASHINGTON WITH AN ARSENAL OF GIFTS FOR THE CITIZENS… OTHERWISE/WITH ACCESS TO FUTURE INTERNATIONAL LOANS BEING LIMITED…TICK-TOCK…TICK TOCK.
______________________________________________________________
Kaperoni (Dinar Guru) – The IMF would never agree to accept Iraq into Article VIII if they cannot comply with the Article VIII requirements… That means they must show stability at 2% or less for 90 days prior to acceptance into Article VIII. I don’t see anyway around that. That being said, they could get off the peg without approval from the IMF.
______________________________________________________________
firefly (Dinar Guru) – Anybody that’s been in this investment for any period of time should know that a lot of negative news will pop it’s ugly head at the end. Just remember what Dr. Shabibi said at Jackson Hole back in 2011 when he was asked when he will do the currency adjustment. After thinking about the question for a bit of time he stated “AFTER MUCH MEDIA PROPAGANDA” This is not about us. Just be thankful we were given the opportunity to be a part of this investment. Timing is everything right now. One mistake in their calculations would be catastrophic. …the true rate will show on the CBI 1st.
______________________________________________________________
Abadi looking with two US firms electricity and airlines to develop
Economy News / Baghdad …Search Prime Minister Haidar al-Abbadi (who is visiting Washington for now), with two US firms to develop the electricity sector in Iraq and the Iraqi air lines.
firefly (Dinar Guru) – Historically all currency adjustments are made in the 1st quarter of the fiscal year. Kuwait and Zambia are good reference points. There is much going on behind the scenes that we are not aware of. I for one am extremely excited at where we sit today.
______________________________________________________________
Kaperoni (Dinar Guru) – Article: “Expert: Iraq is heading for a social market economy within the plan that will last until 2030” More importantly, currency reform must begin before they will ever have a market economy.
______________________________________________________________
Kaperoni (Dinar Guru) – Article: “Detection 3 “goals” Abadi seeks to achieve” Quote: “…three goals of Prime Minister Haider al-Abadi seeks to achieve with major countries (Germany, Britain, America), as he emphasized the lack of plans for more “lending”, attributing the reason to determine Iraq certain doors by donor countries…” To me, this says they better get to work..and soon… “there are no plans for further lending”.
______________________________________________________________
Deputy: Abadi visit to Washington made Iraq the Middle East equilibrium point
MP in parliament, Abdul Rahman Alloizi, on Thursday, Prime Minister Haider al-Abadi’s visit to Washington has created a kind of balance in the Middle East.
He Alloizi, L / balance News /, said that “al-Abadi’s visit to Washington came in the context, the fact that Iraq today is one of the closest allies of the United States.”
BGG (Dinar Guru) – Quote: “…Based on the preliminary findings of this mission, staff will prepare a report that, subject to management approval, will be presented to the IMF’s Executive Board for discussion and decision…” exactly what decisions do the IMF executive board have to make coming up? I mean – they only deal with one thing. INTERNATIONAL MONETARY FUND. […can the CBI make a move before the DC meetings?] the CBI can do whatever they want…if the IMF doesn’t give their blessing who are they gonna’ sell their currency to? without international acceptance – there is no market. [post 2 of 2]
______________________________________________________________
BGG (Dinar Guru) – Quote: “The Iraqi authorities and IMF staff started discussions on the second review of the SBA. These discussions will continue during the upcoming IMF and World Bank Spring Meetings from April 21–23, 2017 in Washington, DC.” This is saying these finalization talks were already started…and will resume – (at the latest) in D.C. Quote: “During the visit, the team met with the Acting Minister of Finance Prof. Abdulrazzaq A. Jaleel Essa, Acting Governor of the Central Bank of Iraq (CBI), Dr. Ali Mohsen Ismail Al-Allaq, the Financial Adviser to the Prime Minister Dr. Mudher Saleh, and officials from the ministries of finance, oil, planning, the State Oil Marketing Organization, the Central Statistical Office, the Central Bank of Iraq, and representatives from the Kurdistan Regional Government, and the Board of Supreme Audit. The team would like to thank the Iraqi authorities for their cooperation and the open and productive discussions.”Mohammed Saleh…he’s been in these big IMF “shindig” meetings from the 5th to the 17th… he’s excited. [post 1 of 2….stay tuned]
_____________________________________________________________
Kaperoni (Dinar Guru) – Article: “Detection 3 “goals” Abadi seeks to achieve” Quote: “…three goals of Prime Minister Haider al-Abadi seeks to achieve with major countries (Germany, Britain, America), as he emphasized the lack of plans for more “lending”, attributing the reason to determine Iraq certain doors by donor countries…” To me, this says they better get to work..and soon… “there are no plans for further lending”.
_____________________________________________________________
Revbo (Dinar Guru) – “Statement at the End of an IMF Mission on Iraq” Quote: “…repair the banking sector are needed to support private sector-led growth and diversification of the economy once post- ISIS reconstruction is underway.” [I really believe we will see currency reform begin soon after the country is rid of ISIL since it is so important to the success of a private sector/market economy.] If they don’t turn it loose shortly after Mosul is liberated, they will be wasting a golden opportunity and a ton of momentum for a growing economy and national reconciliation.
______________________________________________________________
Kaperoni (Dinar Guru) – “Statement at the End of an IMF Mission on Iraq” Quote: “…repair the banking sector are needed to support private sector-led growth and diversification of the economy once post- ISIS reconstruction is underway.” I really believe we will see currency reform begin soon after the country is rid of ISIL since it is so important to the success of a private sector/market economy.
______________________________________________________________
Revbo (Dinar Guru) – I don’t know if this means anything, but yesterday was the first time I’ve ever seen no street rate posted on the CBI’s auction page.
______________________________________________________________
Maliki’s wealth estimated at $40 bln: sources
Iraqi former PM Nouri al-Maliki’s wealth is estimated at $40 billion, informed sources told The Baghdad Post on Thursday.
The sources revealed the 67-year-old has made his wealth through manipulating the Iraqi Central Bank’s accounts as well as his suspicious projects inside and outside Iraq.
They also confirmed he took over the 2014 state budget without releasing concluding statements….
At a major Iraqi business event on Monday, there was a strong sense that Iraq’s fortunes are turning a corner, with the Islamic State group (IS, ISIS, ISIL, Da’esh) on the retreat, and substantial export funding newly available for projects in the country.
More than 250 delegates attended the Iraq Britain Business Council (IBBC)‘s Spring Conference in London, with half of those flying in from Iraq.
Read more: http://www.dinarupdates.com/blog/
Positive for the development of Iraq’s future outlook will have a positive impact among investors
Economy News / translation …
A report of the Network (CNBC) American that confidence expressed by Fitch International Foundation bisect the credit of the Iraqi economy last month, which will have a positive impact on investment in Iraq.
Network wrote in its report that Fitch gave Iraq rating B + with a positive outlook for the future, which believes it will be stable, although it is fighting a war against (Daesh).
She added that Fitch placed Iraq at the level of B + due to political risks and instability caused by conflicts going through.
Abadi: Iraq is moving toward stability and community reconciliation
Iraqi Position Network Iraqi Prime Minister Haidar al-Abadi said Sunday that Iraq is moving toward stability and community reconciliation and that the country has enormous potential for investment.
“The Iraqi position” on the need for institutional reform of the state and create jobs for new energies in the country.
He pointed out that the Iraqi budgets during the past years have accumulated with the growth and growth of the population throughout the country, so that the population will double in Iraq in a quarter of a century and will double the need for energy, “electricity and oil” over the next 15 years.
Al-Abbadi explained that Iraq is running for energy and that we seek to benefit from every barrel of oil and every torch of gas burned, declaring that the five-year plan is no longer sufficient and reliable for production because of the ongoing wars, which led to the decline of economic growth, the budgets of Iraq can no longer be sufficient to meet and cover The cost of current population growth.
BGG (Dinar Guru) – [Kushner is in Iraq at the invitation of Gen. Dunsford…it might not mean anything…but there was a lot of rumor about that a few weeks ago…] …what it means is… our President wants his most trusted people on the ground in Iraq. He’s engaged. Not trying to bail out!!
______________________________________________________________
BGG (Dinar Guru) – Article: “Abadi: Iraq is moving toward stability and community reconciliation” The title and first paragraph uses all the reform buzzwords immediately. Abadi: Iraq is moving toward stability and community reconciliation. 1) Stability 2) Reconciliation (important to the UN) “…Iraq is moving toward stability and community reconciliation and that the country has enormous potential for investment…” Boom – mic drop…
______________________________________________________________
A Dinar Round Table Call “with the whole DU Crew” from Tues nite – Apr 4th Click-N-Listen!!
BGG (Dinar Guru) – Article: “Abadi calls during his meeting with the Secretary of the United Nations to remove Iraq from Chapter VII” I don’t think the UN will remove Iraq from Ch 7 immediately… nor do I think it matters one way or the other – to us.
A military source: besieged Baghdadi in Mosul and near the end
{Baghdad: Euphrates News} a military source said early on Sunday that security forces are likely to be Abu Bakr al-Baghdadi, leader of the terrorist gangs Daesh occurred in the siege in Mosul and its end came close.
The source said that “what is likely to conclude the Iraqi military, infiltration attempt Aldoaash ten days ago in a convoy of vehicles quad payment backed by a few tanks to the Iraqi city of Tal Afar , near Mosul from Syria.”
He added, ” The terrorists tried to decipher the ring referred to followers of them trapped in Tal Afar, in order to serve in the event of the success of their plan to strengthen their abilities to march on Mosul.”
He pointed to “enable the popular crowd forces from the liquidation of all those who were in the convoy mentioned Aldoaash mentioned, while likely Our analysts to be the purpose behind trying to infiltrate terrorists into Tal Afar and then Mosul, the evacuation of the remaining leaders in Daesh there, or save Baghdadi himself, especially and we do not rule out its presence in Mosul. ”
1bobby (Dinar Guru) – Article: “The IMF is discussing boosting tax revenues in Iraq” The taxes and Tariff’s weren’t working to the expectations of the IMF, so they suggested to raise both. Recall the tax structure was part of the Structural Benchmarks NOT met during the SBA Review. What they are implementing is opening the private sector, put your citizens to work, take the taxes from them and products, and BAM you have more non oil revenue. …the IMF also mentioned bringing in the International Finance Corporation to assist in this lack of revenue endeavor. So everything is coming together. The hardest part is waiting.
______________________________________________________________
DAZ (Dinar Guru) – AND, WHEN A SATISFACTORY CONDITION AND ALIGNMENT OF ALL THE VARIOUS INTERESTS AND POWER STRUCTURES INVOLVED HAVE REACHED A POINT OF REASONABLE SATISFACTION THAT THEIR INTERESTS AND GOALS ARE MET… THEY WILL JUST AS SIMPLY…”TURN THE MONEY BACK ON”. IT WILL ALL COME TOGETHER WITH A PUBLIC RELEASE AND PERMISSION FOR ALL OF US TO EXCHANGE IN ANY MANNER WE WANT, ALMOST ANYWHERE WE WANT…AND IT WILL BE A SAFE, ORGANIZED, ULTIMATELY FAIR AND REASONABLY SIMPLE BUSINESS TRANSACTION. WE’RE READY WHEN THEY’RE READY. [post 2 of 2]
______________________________________________________________
Iraq will not sever ties with Iran despite pressure from Arab nations
AMMAN, Jordan – Iraq will not sever ties with neighboring Iran under pressure from other Arab countries, the Iraqi Foreign Minister confirmed to Rudaw on the sidelines of the Amman Summit as a draft resolution is being considered by the Arab League members calling on Tehran to cease meddling in affairs of the region.
“Iraq is not ready to step towards agitating the region and will not sever ties with any neighboring country,” Ibrahim al-Jaafari told Rudaw, referring to its Shiite neighbor Iran, a strong ally of Baghdad.
Baghdad is not willing to cut ties with any neighboring country, even Turkey, Jaafari said, despite growing differences between the two over the presence of Turkish troops in northern Iraq.
“Do you know that when I am speaking right here Turkish troops are in Iraq, but we have not ended relations with Turkey,” he said.
He stressed that Iraq is doing its best to have friendly relations with its neighbors.
“We do our outmost to lead our relations to go on the right way,” he said, confidently.
DAZ (Dinar Guru) – IRAQ HAS ALWAYS BEEN A WEALTHY, RICH CULTURE WITH A STRONG HERITAGE AND SIGNIFICANT HISTORY. IRAQ ALWAYS HAD AMPLE RESOURCES AND A STRONG ECONOMY… IN ITS OWN RIGHT. THEIR MONEY ALWAYS HAD VALUE, HISTORICALLY AND CONSISTENTLY. DUE TO PRESSURES TO ENACT A LIBERATION OF IRAQ AND EFFECT A REGIME CHANGE…A COALITION OF NATIONS “TURNED OFF THE MONEY (DINAR)” AS PART OF A WAR EFFORT AND STRATEGIC ASSAULT TO DEBASE THE FINANCES OF REVOLT, RESISTANCE AND INSURGENCY AGAINST THAT CHANGE IN 2004. THERE WAS, AND STILL IS, A PLAN TO GIVE REBIRTH AND REVITALIZE THAT ECONOMY, INFLUENCE THAT CULTURE AND, EVENTUALLY EMBRACE IRAQ, ITS PEOPLE AND THEIR WEALTH AND TRADE INTO THE GLOBAL ECONOMIC FOLD. [post 1 of 2….stay tuned]
______________________________________________________________
Frank26 (Dinar Guru) – FRESH FORM IRAQI TV… “The financial crisis has not led to the collapse of the dinar or to a major inflation in prices,” Prime Minister Haider al-Abbadi said.” Even A [Abadi] defends his Nation’s Currency now…Where there use to be embarrassment …There is soon to be a Value of Pride and Unity for Iraq and as a Donor Currency…For The reconciliation of The ME.( middle east).
______________________________________________________________
Kaperoni (Dinar Guru) – I think many in and out of Iraq believe the dinar is under valued. We have even heard “grossly under valued” before in statements. The fact is, the CBI is and must follow the directives of the IMF. No if’s, and’s about it. We cannot pick and choose what we read in IMF documents, if we believe the IMF, we must accept it all. Therefore, we see the CBI following the directives, attempting to remove restrictions (ie. the spread), rebuilding the banking system, removing restrictions on foreign exchange, cracking down on corruption and money laundering all in an attempt to prepare for Article VIII and freedom of movement of capital in and out of Iraq. Let it come to us.
______________________________________________________________
BGG (Dinar Guru) –When we talk about the price tag the IMF and the UN have put on Mosul…one has to wonder exactly what leverage the UN has in this game… It is clear what say the IMF has – they are the IMF… but the UN, on the other hand, not so clear…unless viewed through this narrow window. I doubt the UN will allow Iraq an immediate exit from Chapter 7 – the sanctions, yes… the protection… I just doubt it. What does this mean for us? As long as they are doing as the IMF and UN have laid out for them – no reason the IMF and the UN won’t support a return “international acceptance and integration”…and that is all any of us care about. [what has to happen for them to get out of chapter 7] A better question – and the one we all really want to know is… do they even have to be fully out of Chapter 7? My guess. No – they do not…
______________________________________________________________
1bobby (Dinar Guru) – …if we look at CH 7,the 2 big ones that were given back to Iraq were the right to defend themselves and control of their currency. Having the U.N announce the removal of CH 7 to the world is what Abadi’s looking for.
______________________________________________________________
MadDScout (Dinar Guru) – Article: “Abadi calls during his meeting with the Secretary of the United Nations to remove Iraq from Chapter VII” IMO) Abadi can only be asking because, along with other criteria, they are ready, or he would not have asked in front of the world…I think it says volumes about where they are.
______________________________________________________________
Follow us on twitter @DinarUpdates !!
Dinar Updates – “NEWS TIME” w/MadDScout & Facebook Crew – April 6th 6:30pm CST – In the DU CHAT Room!!
Kaperoni(Dinar Guru) – Article: “Abadi calls during a meeting with Secretary of the United Nations to remove Iraq from Chapter VII” Quote: “{Baghdad} Euphrates News called on Prime Minister Haider al-Abadi to remove Iraq from Chapter VII to end the occupation of Kuwait and file resolutions imposed on the people of Iraq because of Saddam’s regime policies.” This is important and will motivate them to get the dinar engaged with the global financial system.
______________________________________________________________
1bobby (Dinar Guru) – Article: “Abadi calls during his meeting with the Secretary of the United Nations to remove Iraq from Chapter VII” We knew that Iraq was NOT out of Chapter 7, but not in a stranglehold as they had been. They now have the right to defend themselves and control their currency. The issues that are outstanding are the reparations to Kuwait and to the best of my knowledge the Oil for Food/Medicine Program. Now if we look back to late last year Iraq made an announcement that the OFP had ended. If we recall the U.N Rep stated that Iraq has made great progress as far as the OFP and the June date was set as a “let’s see what happens between now and then” kind of a date. For Abadi to publicly come out and ask the U.N Secretary General to no longer associate Iraq with Ch 7, is a big move on his part and I doubt he’s expecting a no answer.They can still have working files, but to have the U.N come out and publicly rid Iraq of the CH 7 shadow would be a huge move forward. As we have seen Kuwait has been a big supporter of Iraq as of late and has continuously been working with Iraq on outstanding issues.
______________________________________________________________
Kaperoni (Dinar Guru) – Article: “Iraq’s Current Economic Outlook And How it Can Affect Dinar Value” Quote: “With the economic boom led by Iraq’s oil industry, the national currency in the form of the Dinar will eventually rise to reflect the true value of the country’s oil wealth. The rise will most likely happen when the National Bank of Iraq lifts the artificially low value placed on the nation’s currency in 2003.” The problem with that statement is the dinar is not artificially low. It reflects the current exchange rate based on the current conditions. Remember, Shabibi raised the value already from about 3000 / $1 to 1186 /$1 back in 2004-2005 to reduce inflation. Until the market economy takes off, IMO we will not the dinar rise the remainder of the way. To me, making such a statement as “artificially low value”…shows a lack of understanding…
______________________________________________________________
Chattels (Dinar Guru)- Article: “Iraqi News reporting US troop level increases. “America sends more troops to Iraq” It will be interesting to look for commentary in the news from Sadr and others.
______________________________________________________________
Loop (Dinar Guru)- Article: “Iraqi command: western Mosul battle finished “on the military level” Quotes: “western Mosul is done on the military level”, adding that “what is left to do is to purge the remaining areas”. “The remaining Islamic State members in the western side of Mosul are “gangs remnants that are targeted accurately by security forces”. What he is saying is that what is left are gangs and not an organized resistance.
______________________________________________________________
Kaperoni (Dinar Guru)- Article: “Governmental directives to amend legislation in the transition to a free economy” Quote: “The government proceeding towards a free economy and stimulate the private sector and this trend is accompanied by procedural and legal amendments.” He added that ” the General Secretariat will spare no effort to support the upgrading of Iraq on the highest indicators according to the World Bank standards.” We will have to watch the agenda’s the next few weeks and see if parliament acts
______________________________________________________________
BGG (Dinar Guru)- [What are your thoughts on the new cbi logo?] Lots of changes going on at the CBI. Change is GOOD
______________________________________________________________
Trump reaffirms US commitment to Iraqi people in phone call with Abadi
BAGHDAD, Iraq — A week after meeting face-to-face in Washington, D.C., Iraqi Prime Minister Haider al-Abadi received a phone call late Wednesday night, in which US President Donald Trump reaffirmed US commitment to the Iraqi people in the fight against ISIS.
Trump emphasized that military and intelligence cooperation should continue, according to the PM’s website, adding that the courage and intelligence of the Iraqi people “who are loved and respected” by the US will inevitably banish “ISIS gangs.”…
Loop (Dinar Guru) – Article: “Iraq’s economy is now on the way to recovery” Quotes: “The World Bank’s latest economic forecast expected Iraq to bounce back in 2016, growing at 7.2% in that year and continuing at around 5% in the next few years…With the security situation now improving, and the oil price on the rise – the indicators are moving in the right direction for Iraq’s economy.” UK MP from Scotland telling a group of Scottish companies that now it the time to invest in Iraq to make huge profits in the future. She is saying the the greatest opportunity to profit from the investment is prior to their ascension into the WTO. So once again we see someone from outside of Iraq pointing out what we have known for a long time. IRAQ’S ECONOMIC POTENTIAL IS HUGE AND THEY ARE GETTING THEIR ACT TOGETHER TO REALIZE THAT.
______________________________________________________________
Frank26 (Dinar Guru) – IN MY STRONG OPINION…the MR has been going on inside of Iraq for quite awhile ago. We’ve shown you many articles of how this is possible. Infancy is NOT the starting of the MR…it is in the stage that it is in right now… WALKING…taking it’s BABY STEPS…and soon…it will start WALKING VERY FAST! The speed will pick up just like we told you. BRILLIANT CALCULATED STEPS by Abadi and Trump! The East is done is Mosul…and 95% done on the West side of Mosul. Abadi said …I will announce to the world that Mosul is liberated at the Arab Summit. Abadi is under the US control…not like a puppet …we are a TEAM …Abadi is a TEAM PLAYER…and when he returns back to Iraq…GAMES ON!
BGG (Dinar Guru) – [Would changing the rate of the Dinar have any affect on their rampant corruption issues?] Just the opposite…them dealing with their corruption issues will help the world accept a higher rate for the Dinar. I am positive this is one of the items the IMF will be discussing shortly.
______________________________________________________________
Kaperoni (Dinar Guru) – Article: “Iraq on the brink of an ambitious program looming…” I am encouraged that we will see the beginnings of currency reform within the next few months. We can hope anyway.
______________________________________________________________
Loop (Dinar Guru) – [Would changing the rate of the Dinar have any affect on their rampant corruption issues?] IMO…They have a good handle on the corruption going on in the banking sector. While they still have work to do on this front they have systems in place to catch the crooks. So I do not see it has stopping them from a rate change at this point.
______________________________________________________________
Adam Montana (Dinar Guru) – There’s one name in particular that I’m happy to see in the news: Abadi. Anyone who’s been in this for more than a couple years has seen the amazing progress that’s come about since Maliki got the boot and Abadi came stomping in with the big boy pants on! The GOI was revamped, decluttered, and streamlined. Parliament picked up the pace and got a lot of things done that were simply not happening under the previous administration, and now: 1. Abadi confirms he’s planning on running for a second term. I see this as a shoe-in, no-brainer, it will happen, DONE. (Yes, we are going to hear some noise from the Maliki Camp, I say…ignore it). 2. Abadi is working hard towards full IMF and basically global support, and the fruits are coming. [post 1 of 2….stay tuned]
______________________________________________________________
Saudi King to Abadi: with restoring Iraq to turn in big area
King Salman bin Abdul Aziz, Saudi Arabia’s support for Iraq to restore its role in the region and strengthen relations with at all levels.
Abbadi’s Office said in a statement received Agency {news Euphrates} copy of it today, “Prime Minister Haidar Al-Abbadi met on the sidelines of the Summit Arabic King Salman bin Abdulaziz…
Adam Montana (Dinar Guru) – 3. “This week on Fox News Sunday: Haider al-Abadi, Prime Minister of Iraq, in an exclusive interview.” Get your popcorn out! Abadi on with Chris Wallace this weekend. Don’t expect a huge announcement from Abadi on the RV…this is just more proof that Iraq and the PTB are not going to stay where they are. The country is poised to make a leap, and we’re watching! Another thing I am paying close attention to in the news is Saudi Arabia… there is a LOT going on with that country right now. It’s a very complex situation, but the direction is tremendously good for us and for Iraq’s future as a very powerful and wealthy country. That might be one of the reasons why Saudi Arabia is taking these steps: “Saudi Arabia plans to cancel previous debt on Iraq” Bottom line…this is happening fast, and we’re just here for the ride. [post 2
of 2]
______________________________________________________________
MadDScout (Dinar Guru) – I know Abadi had a busy day today [Tuesday]. Abadi today met with : President Trump, V.President Pence, Secretary of State Rex Tillerson, Speaker of the House Paul Ryan and members of Congress, US Trade secretary Wilbur Ross, US Chamber of Commerce, along with delegations from GE and Boeing among others.This is a very good feel of how the new US President is working in a positive way with Iraq. [post 1 of 2….stay tuned]
______________________________________________________________
MadDScout (Dinar Guru) –Article: “Abadi discusses with US Trade Secretary lifting obstacles to investment companies” Quote: “Prime Minister Haider al-Abadi, during his visit to the United States, discussed with US Commerce Secretary Wilbur Ross the promotion of trade cooperation between the two countries.” This was a very good meeting from reports. I can not remember a one day event that produced so much positive for all sectors. It was like Abadi ran the table today. LOL …was a very positive day for us investors and for Iraq as a whole. [post 2 of 2]
______________________________________________________________
Electricity: the privatization of the energy will liberate citizens from private generators expenses
Ministry confirmed the electricity, that electricity investment project (the privatization of energy) will free citizen of the restrictions and expenses of amperage, generators and all the suffering of attrition.
Backdoc (Dinar Guru) Article: “Keywords announce start implementing the e-government project” VERY INTERESTING…WE GO FROM IMPLEMENTING THE DIGITAL E- DINAR ON FEBRUARY 8TH TO NOW GOING DIGITAL FOR GOVT. FUNCTIONS! YES, THE DIGITAL BLOCKCHAIN ADDS BETTER SECURITY, SPEED, AND EFFICIENCY! THIS WILL HELP PUT A HURT ON CORRUPTION!
______________________________________________________________
Adam Montana (Dinar Guru) – You’re probably also seeing a lot of positive news regarding ISIS, Mosul, etc on the “tube”. Or at least, you aren’t seeing so many negative news stories… and you know why that is, don’t you? It’s very simple – the media isn’t making a big deal about Iraq anymore because things are going REALLY GOOD, and those aren’t the stories that sell ads! …there is a LOT of progress happening right now with oil, agreements, and security. These are exactly what we want to see! We are getting to a point in this Iraqi Dinar situation that has me excited again, finally, and it’s been a long time since I felt this upbeat about the Dinar. We’ve been going in the “right way” for a long time, but now we are on a STRONG path to victory!
______________________________________________________________
Kaperoni (Dinar Guru) – Article quote: “in addition to the reform of the banking sector to support growth led by the private sector before starting the process of reconstructionin post – Daesh.” This seems to imply the banking sector reform is just around the corner…
______________________________________________________________
Tourism’s “economy News”: Iraqi antiquities need to pause
Economy News / special It demanded Tourism and Antiquities Authority necessity that there be a serious stand of Iraqi antiquities and make it an important tributary of the Iraqi tourism.
The general director of the tourist facilities in the Authority, Mahmoud al-Zubaidi (News of the economy), that Iraq holds a history spanning prehistoric and presence only gives economic footprint, pointing out that there is a move away from the development of tourism, particularly with regard to the Iraqi antiquities.
Aggiedad77 (Dinar Guru) – Article: “Iraq looking to raise obstacles to the entry of US companies to invest” IMO when Abadi talks here about “raising obstacles” he’s referring to a lessening of red tape for American companies and also a HUGE reduction in corruption issues that have kept many companies away in the past…He’s smiling because he knows who will pave the way for the success of his government as well as his country…and it will not be Iran…He’s got a new buddy in President Donald Trump and his administration…IMO look for Trump to be paying Iraq a visit this year…Frank [Guru Frank26] said that issues with investors has to do with Iraq’s restrictions on capital movement…as well as UN sanctions not being lifted, thus causing countries and investors to not want to go against the UN…Abadi has some definite changes he needs to make…that he can make…lift those restrictions…raise the value of your currency…get rid of the UN restrictions…IMO.
______________________________________________________________
Kaperoni (Dinar Guru) – […wondering if Trump can push for currency reform.] Currency reform is a consequence of economic and banking reform. …the IMF has made it very clear the dinar will be floated and will rise as a result of the growth of the economy. There is no confusion, it is stated clearly…the Balassa-Samuelson effect. ”Balassa–Samuelson implies that countries with rapidly expanding economies should tend to have more rapidly appreciating exchange rates.” In other words Iraq’s dinar is directly related to the growth of the private sector/market economy.
______________________________________________________________
Kaperoni (Dinar Guru) – Article: “International Monetary Fund agrees to release contractors’ receivables” Quote: “The appearance of Mohammed Saleh that the second review of the credit agreement showed a clear understanding and success…This success is the understanding and agreement on the release of receivables of all contractors amounting to more than 4 trillion dinars once the Federal Audit Bureau announced the completion of audit contracts contractors, and we know the SAI is about to complete this process.” So the IMF is going to pay almost $4 billion dollars to unpaid contractors in Iraq. This is huge.
______________________________________________________________
Click this link to join the DU “private” FaceBook Group…
tman23 (Dinar Guru) –This week in Washington is the NATIONAL COALITION MEETING…THE FIRST WHERE ALL COUNTRIES WILL BE TOGETHER…68! …THIS IS ALL ABOUT IRAQ AND SYRIA AND SPECIFICALLY ISIS…
______________________________________________________________
Kaperoni (Dinar Guru) – Article: “Sabri: Iraq’s economy will rise over the next five years” ...this statement is in line with several of the CBI going back a few years that the deletion of zeros would take 4-5 years. Sounds to me like they expect a gradual appreciation of the currency as the economy grows. Anyone? Balassa-Samuelson effect…
______________________________________________________________
United Nations Secretary General: we hope to achieve a Government representing all communities in Iraq
United Nations Secretary General Antonio Gutiérrez, Wednesday, we hope to achieve a Government that represents all the components in Iraq.
He welcomed Guterres in his speech during the Arabic League Summit in Jordan, “progress in Mosul and Iraqi troops restored to lands of ISIS’s control.
tman23 (Dinar Guru) – …ABADI BEST COME BACK FROM WASHINGTON WITH AN ARSENAL OF GIFTS FOR THE CITIZENS… OTHERWISE/WITH ACCESS TO FUTURE INTERNATIONAL LOANS BEING LIMITED…TICK-TOCK…TICK TOCK.
______________________________________________________________
Kaperoni (Dinar Guru) – The IMF would never agree to accept Iraq into Article VIII if they cannot comply with the Article VIII requirements… That means they must show stability at 2% or less for 90 days prior to acceptance into Article VIII. I don’t see anyway around that. That being said, they could get off the peg without approval from the IMF.
______________________________________________________________
firefly (Dinar Guru) – Anybody that’s been in this investment for any period of time should know that a lot of negative news will pop it’s ugly head at the end. Just remember what Dr. Shabibi said at Jackson Hole back in 2011 when he was asked when he will do the currency adjustment. After thinking about the question for a bit of time he stated “AFTER MUCH MEDIA PROPAGANDA” This is not about us. Just be thankful we were given the opportunity to be a part of this investment. Timing is everything right now. One mistake in their calculations would be catastrophic. …the true rate will show on the CBI 1st.
______________________________________________________________
Abadi looking with two US firms electricity and airlines to develop
Economy News / Baghdad …Search Prime Minister Haidar al-Abbadi (who is visiting Washington for now), with two US firms to develop the electricity sector in Iraq and the Iraqi air lines.
firefly (Dinar Guru) – Historically all currency adjustments are made in the 1st quarter of the fiscal year. Kuwait and Zambia are good reference points. There is much going on behind the scenes that we are not aware of. I for one am extremely excited at where we sit today.
______________________________________________________________
Kaperoni (Dinar Guru) – Article: “Expert: Iraq is heading for a social market economy within the plan that will last until 2030” More importantly, currency reform must begin before they will ever have a market economy.
______________________________________________________________
Kaperoni (Dinar Guru) – Article: “Detection 3 “goals” Abadi seeks to achieve” Quote: “…three goals of Prime Minister Haider al-Abadi seeks to achieve with major countries (Germany, Britain, America), as he emphasized the lack of plans for more “lending”, attributing the reason to determine Iraq certain doors by donor countries…” To me, this says they better get to work..and soon… “there are no plans for further lending”.
______________________________________________________________
Deputy: Abadi visit to Washington made Iraq the Middle East equilibrium point
MP in parliament, Abdul Rahman Alloizi, on Thursday, Prime Minister Haider al-Abadi’s visit to Washington has created a kind of balance in the Middle East.
He Alloizi, L / balance News /, said that “al-Abadi’s visit to Washington came in the context, the fact that Iraq today is one of the closest allies of the United States.”
BGG (Dinar Guru) – Quote: “…Based on the preliminary findings of this mission, staff will prepare a report that, subject to management approval, will be presented to the IMF’s Executive Board for discussion and decision…” exactly what decisions do the IMF executive board have to make coming up? I mean – they only deal with one thing. INTERNATIONAL MONETARY FUND. […can the CBI make a move before the DC meetings?] the CBI can do whatever they want…if the IMF doesn’t give their blessing who are they gonna’ sell their currency to? without international acceptance – there is no market. [post 2 of 2]
______________________________________________________________
BGG (Dinar Guru) – Quote: “The Iraqi authorities and IMF staff started discussions on the second review of the SBA. These discussions will continue during the upcoming IMF and World Bank Spring Meetings from April 21–23, 2017 in Washington, DC.” This is saying these finalization talks were already started…and will resume – (at the latest) in D.C. Quote: “During the visit, the team met with the Acting Minister of Finance Prof. Abdulrazzaq A. Jaleel Essa, Acting Governor of the Central Bank of Iraq (CBI), Dr. Ali Mohsen Ismail Al-Allaq, the Financial Adviser to the Prime Minister Dr. Mudher Saleh, and officials from the ministries of finance, oil, planning, the State Oil Marketing Organization, the Central Statistical Office, the Central Bank of Iraq, and representatives from the Kurdistan Regional Government, and the Board of Supreme Audit. The team would like to thank the Iraqi authorities for their cooperation and the open and productive discussions.”Mohammed Saleh…he’s been in these big IMF “shindig” meetings from the 5th to the 17th… he’s excited. [post 1 of 2….stay tuned]
_____________________________________________________________
Kaperoni (Dinar Guru) – Article: “Detection 3 “goals” Abadi seeks to achieve” Quote: “…three goals of Prime Minister Haider al-Abadi seeks to achieve with major countries (Germany, Britain, America), as he emphasized the lack of plans for more “lending”, attributing the reason to determine Iraq certain doors by donor countries…” To me, this says they better get to work..and soon… “there are no plans for further lending”.
_____________________________________________________________
Revbo (Dinar Guru) – “Statement at the End of an IMF Mission on Iraq” Quote: “…repair the banking sector are needed to support private sector-led growth and diversification of the economy once post- ISIS reconstruction is underway.” [I really believe we will see currency reform begin soon after the country is rid of ISIL since it is so important to the success of a private sector/market economy.] If they don’t turn it loose shortly after Mosul is liberated, they will be wasting a golden opportunity and a ton of momentum for a growing economy and national reconciliation.
______________________________________________________________
Kaperoni (Dinar Guru) – “Statement at the End of an IMF Mission on Iraq” Quote: “…repair the banking sector are needed to support private sector-led growth and diversification of the economy once post- ISIS reconstruction is underway.” I really believe we will see currency reform begin soon after the country is rid of ISIL since it is so important to the success of a private sector/market economy.
______________________________________________________________
Revbo (Dinar Guru) – I don’t know if this means anything, but yesterday was the first time I’ve ever seen no street rate posted on the CBI’s auction page.
______________________________________________________________
Maliki’s wealth estimated at $40 bln: sources
Iraqi former PM Nouri al-Maliki’s wealth is estimated at $40 billion, informed sources told The Baghdad Post on Thursday.
The sources revealed the 67-year-old has made his wealth through manipulating the Iraqi Central Bank’s accounts as well as his suspicious projects inside and outside Iraq.
They also confirmed he took over the 2014 state budget without releasing concluding statements….
Abadi: Iraq is moving toward stability and community reconciliation
Iraqi Position Network Iraqi Prime Minister Haidar al-Abadi said Sunday that Iraq is moving toward stability and community reconciliation and that the country has enormous potential for investment.
“The Iraqi position” on the need for institutional reform of the state and create jobs for new energies in the country.
He pointed out that the Iraqi budgets during the past years have accumulated with the growth and growth of the population throughout the country, so that the population will double in Iraq in a quarter of a century and will double the need for energy, “electricity and oil” over the next 15 years.
Al-Abbadi explained that Iraq is running for energy and that we seek to benefit from every barrel of oil and every torch of gas burned, declaring that the five-year plan is no longer sufficient and reliable for production because of the ongoing wars, which led to the decline of economic growth, the budgets of Iraq can no longer be sufficient to meet and cover The cost of current population growth.
BGG (Dinar Guru) – Article: “Abadi: Iraq is moving toward stability and community reconciliation” The title and first paragraph uses all the reform buzzwords immediately. Abadi: Iraq is moving toward stability and community reconciliation. 1) Stability 2) Reconciliation (important to the UN) “…Iraq is moving toward stability and community reconciliation and that the country has enormous potential for investment…” Boom – mic drop…
BGG (Dinar Guru) – Article: “Abadi calls during his meeting with the Secretary of the United Nations to remove Iraq from Chapter VII” I don’t think the UN will remove Iraq from Ch 7 immediately… nor do I think it matters one way or the other – to us.
A military source: besieged Baghdadi in Mosul and near the end
{Baghdad: Euphrates News} a military source said early on Sunday that security forces are likely to be Abu Bakr al-Baghdadi, leader of the terrorist gangs Daesh occurred in the siege in Mosul and its end came close.
The source said that “what is likely to conclude the Iraqi military, infiltration attempt Aldoaash ten days ago in a convoy of vehicles quad payment backed by a few tanks to the Iraqi city of Tal Afar , near Mosul from Syria.”
He added, ” The terrorists tried to decipher the ring referred to followers of them trapped in Tal Afar, in order to serve in the event of the success of their plan to strengthen their abilities to march on Mosul.”
He pointed to “enable the popular crowd forces from the liquidation of all those who were in the convoy mentioned Aldoaash mentioned, while likely Our analysts to be the purpose behind trying to infiltrate terrorists into Tal Afar and then Mosul, the evacuation of the remaining leaders in Daesh there, or save Baghdadi himself, especially and we do not rule out its presence in Mosul. ”
1bobby (Dinar Guru) – Article: “The IMF is discussing boosting tax revenues in Iraq” The taxes and Tariff’s weren’t working to the expectations of the IMF, so they suggested to raise both. Recall the tax structure was part of the Structural Benchmarks NOT met during the SBA Review. What they are implementing is opening the private sector, put your citizens to work, take the taxes from them and products, and BAM you have more non oil revenue. …the IMF also mentioned bringing in the International Finance Corporation to assist in this lack of revenue endeavor. So everything is coming together. The hardest part is waiting.
______________________________________________________________
DAZ (Dinar Guru) – AND, WHEN A SATISFACTORY CONDITION AND ALIGNMENT OF ALL THE VARIOUS INTERESTS AND POWER STRUCTURES INVOLVED HAVE REACHED A POINT OF REASONABLE SATISFACTION THAT THEIR INTERESTS AND GOALS ARE MET… THEY WILL JUST AS SIMPLY…”TURN THE MONEY BACK ON”. IT WILL ALL COME TOGETHER WITH A PUBLIC RELEASE AND PERMISSION FOR ALL OF US TO EXCHANGE IN ANY MANNER WE WANT, ALMOST ANYWHERE WE WANT…AND IT WILL BE A SAFE, ORGANIZED, ULTIMATELY FAIR AND REASONABLY SIMPLE BUSINESS TRANSACTION. WE’RE READY WHEN THEY’RE READY. [post 2 of 2]
______________________________________________________________
Iraq will not sever ties with Iran despite pressure from Arab nations
AMMAN, Jordan – Iraq will not sever ties with neighboring Iran under pressure from other Arab countries, the Iraqi Foreign Minister confirmed to Rudaw on the sidelines of the Amman Summit as a draft resolution is being considered by the Arab League members calling on Tehran to cease meddling in affairs of the region.
“Iraq is not ready to step towards agitating the region and will not sever ties with any neighboring country,” Ibrahim al-Jaafari told Rudaw, referring to its Shiite neighbor Iran, a strong ally of Baghdad.
Baghdad is not willing to cut ties with any neighboring country, even Turkey, Jaafari said, despite growing differences between the two over the presence of Turkish troops in northern Iraq.
“Do you know that when I am speaking right here Turkish troops are in Iraq, but we have not ended relations with Turkey,” he said.
He stressed that Iraq is doing its best to have friendly relations with its neighbors.
“We do our outmost to lead our relations to go on the right way,” he said, confidently.
DAZ (Dinar Guru) – IRAQ HAS ALWAYS BEEN A WEALTHY, RICH CULTURE WITH A STRONG HERITAGE AND SIGNIFICANT HISTORY. IRAQ ALWAYS HAD AMPLE RESOURCES AND A STRONG ECONOMY… IN ITS OWN RIGHT. THEIR MONEY ALWAYS HAD VALUE, HISTORICALLY AND CONSISTENTLY. DUE TO PRESSURES TO ENACT A LIBERATION OF IRAQ AND EFFECT A REGIME CHANGE…A COALITION OF NATIONS “TURNED OFF THE MONEY (DINAR)” AS PART OF A WAR EFFORT AND STRATEGIC ASSAULT TO DEBASE THE FINANCES OF REVOLT, RESISTANCE AND INSURGENCY AGAINST THAT CHANGE IN 2004. THERE WAS, AND STILL IS, A PLAN TO GIVE REBIRTH AND REVITALIZE THAT ECONOMY, INFLUENCE THAT CULTURE AND, EVENTUALLY EMBRACE IRAQ, ITS PEOPLE AND THEIR WEALTH AND TRADE INTO THE GLOBAL ECONOMIC FOLD. [post 1 of 2….stay tuned]
______________________________________________________________
Frank26 (Dinar Guru) – FRESH FORM IRAQI TV… “The financial crisis has not led to the collapse of the dinar or to a major inflation in prices,” Prime Minister Haider al-Abbadi said.” Even A [Abadi] defends his Nation’s Currency now…Where there use to be embarrassment …There is soon to be a Value of Pride and Unity for Iraq and as a Donor Currency…For The reconciliation of The ME.( middle east).
______________________________________________________________
Kaperoni (Dinar Guru) – I think many in and out of Iraq believe the dinar is under valued. We have even heard “grossly under valued” before in statements. The fact is, the CBI is and must follow the directives of the IMF. No if’s, and’s about it. We cannot pick and choose what we read in IMF documents, if we believe the IMF, we must accept it all. Therefore, we see the CBI following the directives, attempting to remove restrictions (ie. the spread), rebuilding the banking system, removing restrictions on foreign exchange, cracking down on corruption and money laundering all in an attempt to prepare for Article VIII and freedom of movement of capital in and out of Iraq. Let it come to us.
______________________________________________________________
BGG (Dinar Guru) –When we talk about the price tag the IMF and the UN have put on Mosul…one has to wonder exactly what leverage the UN has in this game… It is clear what say the IMF has – they are the IMF… but the UN, on the other hand, not so clear…unless viewed through this narrow window. I doubt the UN will allow Iraq an immediate exit from Chapter 7 – the sanctions, yes… the protection… I just doubt it. What does this mean for us? As long as they are doing as the IMF and UN have laid out for them – no reason the IMF and the UN won’t support a return “international acceptance and integration”…and that is all any of us care about. [what has to happen for them to get out of chapter 7] A better question – and the one we all really want to know is… do they even have to be fully out of Chapter 7? My guess. No – they do not…
______________________________________________________________
1bobby (Dinar Guru) – …if we look at CH 7,the 2 big ones that were given back to Iraq were the right to defend themselves and control of their currency. Having the U.N announce the removal of CH 7 to the world is what Abadi’s looking for.
______________________________________________________________
MadDScout (Dinar Guru) – Article: “Abadi calls during his meeting with the Secretary of the United Nations to remove Iraq from Chapter VII” IMO) Abadi can only be asking because, along with other criteria, they are ready, or he would not have asked in front of the world…I think it says volumes about where they are.
______________________________________________________________
Follow us on twitter @DinarUpdates !!
Dinar Updates – “NEWS TIME” w/MadDScout & Facebook Crew – April 6th 6:30pm CST – In the DU CHAT Room!!
Kaperoni(Dinar Guru) – Article: “Abadi calls during a meeting with Secretary of the United Nations to remove Iraq from Chapter VII” Quote: “{Baghdad} Euphrates News called on Prime Minister Haider al-Abadi to remove Iraq from Chapter VII to end the occupation of Kuwait and file resolutions imposed on the people of Iraq because of Saddam’s regime policies.” This is important and will motivate them to get the dinar engaged with the global financial system.
______________________________________________________________
1bobby (Dinar Guru) – Article: “Abadi calls during his meeting with the Secretary of the United Nations to remove Iraq from Chapter VII” We knew that Iraq was NOT out of Chapter 7, but not in a stranglehold as they had been. They now have the right to defend themselves and control their currency. The issues that are outstanding are the reparations to Kuwait and to the best of my knowledge the Oil for Food/Medicine Program. Now if we look back to late last year Iraq made an announcement that the OFP had ended. If we recall the U.N Rep stated that Iraq has made great progress as far as the OFP and the June date was set as a “let’s see what happens between now and then” kind of a date. For Abadi to publicly come out and ask the U.N Secretary General to no longer associate Iraq with Ch 7, is a big move on his part and I doubt he’s expecting a no answer.They can still have working files, but to have the U.N come out and publicly rid Iraq of the CH 7 shadow would be a huge move forward. As we have seen Kuwait has been a big supporter of Iraq as of late and has continuously been working with Iraq on outstanding issues.
______________________________________________________________
Kaperoni (Dinar Guru) – Article: “Iraq’s Current Economic Outlook And How it Can Affect Dinar Value” Quote: “With the economic boom led by Iraq’s oil industry, the national currency in the form of the Dinar will eventually rise to reflect the true value of the country’s oil wealth. The rise will most likely happen when the National Bank of Iraq lifts the artificially low value placed on the nation’s currency in 2003.” The problem with that statement is the dinar is not artificially low. It reflects the current exchange rate based on the current conditions. Remember, Shabibi raised the value already from about 3000 / $1 to 1186 /$1 back in 2004-2005 to reduce inflation. Until the market economy takes off, IMO we will not the dinar rise the remainder of the way. To me, making such a statement as “artificially low value”…shows a lack of understanding…
______________________________________________________________
Chattels (Dinar Guru)- Article: “Iraqi News reporting US troop level increases. “America sends more troops to Iraq” It will be interesting to look for commentary in the news from Sadr and others.
______________________________________________________________
Loop (Dinar Guru)- Article: “Iraqi command: western Mosul battle finished “on the military level” Quotes: “western Mosul is done on the military level”, adding that “what is left to do is to purge the remaining areas”. “The remaining Islamic State members in the western side of Mosul are “gangs remnants that are targeted accurately by security forces”. What he is saying is that what is left are gangs and not an organized resistance.
______________________________________________________________
Kaperoni (Dinar Guru)- Article: “Governmental directives to amend legislation in the transition to a free economy” Quote: “The government proceeding towards a free economy and stimulate the private sector and this trend is accompanied by procedural and legal amendments.” He added that ” the General Secretariat will spare no effort to support the upgrading of Iraq on the highest indicators according to the World Bank standards.” We will have to watch the agenda’s the next few weeks and see if parliament acts
______________________________________________________________
BGG (Dinar Guru)- [What are your thoughts on the new cbi logo?] Lots of changes going on at the CBI. Change is GOOD
______________________________________________________________
Trump reaffirms US commitment to Iraqi people in phone call with Abadi
BAGHDAD, Iraq — A week after meeting face-to-face in Washington, D.C., Iraqi Prime Minister Haider al-Abadi received a phone call late Wednesday night, in which US President Donald Trump reaffirmed US commitment to the Iraqi people in the fight against ISIS.
Trump emphasized that military and intelligence cooperation should continue, according to the PM’s website, adding that the courage and intelligence of the Iraqi people “who are loved and respected” by the US will inevitably banish “ISIS gangs.”…
Loop (Dinar Guru) – Article: “Iraq’s economy is now on the way to recovery” Quotes: “The World Bank’s latest economic forecast expected Iraq to bounce back in 2016, growing at 7.2% in that year and continuing at around 5% in the next few years…With the security situation now improving, and the oil price on the rise – the indicators are moving in the right direction for Iraq’s economy.” UK MP from Scotland telling a group of Scottish companies that now it the time to invest in Iraq to make huge profits in the future. She is saying the the greatest opportunity to profit from the investment is prior to their ascension into the WTO. So once again we see someone from outside of Iraq pointing out what we have known for a long time. IRAQ’S ECONOMIC POTENTIAL IS HUGE AND THEY ARE GETTING THEIR ACT TOGETHER TO REALIZE THAT.
______________________________________________________________
Frank26 (Dinar Guru) – IN MY STRONG OPINION…the MR has been going on inside of Iraq for quite awhile ago. We’ve shown you many articles of how this is possible. Infancy is NOT the starting of the MR…it is in the stage that it is in right now… WALKING…taking it’s BABY STEPS…and soon…it will start WALKING VERY FAST! The speed will pick up just like we told you. BRILLIANT CALCULATED STEPS by Abadi and Trump! The East is done is Mosul…and 95% done on the West side of Mosul. Abadi said …I will announce to the world that Mosul is liberated at the Arab Summit. Abadi is under the US control…not like a puppet …we are a TEAM …Abadi is a TEAM PLAYER…and when he returns back to Iraq…GAMES ON!
BGG (Dinar Guru) – [Would changing the rate of the Dinar have any affect on their rampant corruption issues?] Just the opposite…them dealing with their corruption issues will help the world accept a higher rate for the Dinar. I am positive this is one of the items the IMF will be discussing shortly.
______________________________________________________________
Kaperoni (Dinar Guru) – Article: “Iraq on the brink of an ambitious program looming…” I am encouraged that we will see the beginnings of currency reform within the next few months. We can hope anyway.
______________________________________________________________
Loop (Dinar Guru) – [Would changing the rate of the Dinar have any affect on their rampant corruption issues?] IMO…They have a good handle on the corruption going on in the banking sector. While they still have work to do on this front they have systems in place to catch the crooks. So I do not see it has stopping them from a rate change at this point.
______________________________________________________________
Adam Montana (Dinar Guru) – There’s one name in particular that I’m happy to see in the news: Abadi. Anyone who’s been in this for more than a couple years has seen the amazing progress that’s come about since Maliki got the boot and Abadi came stomping in with the big boy pants on! The GOI was revamped, decluttered, and streamlined. Parliament picked up the pace and got a lot of things done that were simply not happening under the previous administration, and now: 1. Abadi confirms he’s planning on running for a second term. I see this as a shoe-in, no-brainer, it will happen, DONE. (Yes, we are going to hear some noise from the Maliki Camp, I say…ignore it). 2. Abadi is working hard towards full IMF and basically global support, and the fruits are coming. [post 1 of 2….stay tuned]
______________________________________________________________
Saudi King to Abadi: with restoring Iraq to turn in big area
King Salman bin Abdul Aziz, Saudi Arabia’s support for Iraq to restore its role in the region and strengthen relations with at all levels.
Abbadi’s Office said in a statement received Agency {news Euphrates} copy of it today, “Prime Minister Haidar Al-Abbadi met on the sidelines of the Summit Arabic King Salman bin Abdulaziz…
Adam Montana (Dinar Guru) – 3. “This week on Fox News Sunday: Haider al-Abadi, Prime Minister of Iraq, in an exclusive interview.” Get your popcorn out! Abadi on with Chris Wallace this weekend. Don’t expect a huge announcement from Abadi on the RV…this is just more proof that Iraq and the PTB are not going to stay where they are. The country is poised to make a leap, and we’re watching! Another thing I am paying close attention to in the news is Saudi Arabia… there is a LOT going on with that country right now. It’s a very complex situation, but the direction is tremendously good for us and for Iraq’s future as a very powerful and wealthy country. That might be one of the reasons why Saudi Arabia is taking these steps: “Saudi Arabia plans to cancel previous debt on Iraq” Bottom line…this is happening fast, and we’re just here for the ride. [post 2
of 2]
______________________________________________________________
MadDScout (Dinar Guru) – I know Abadi had a busy day today [Tuesday]. Abadi today met with : President Trump, V.President Pence, Secretary of State Rex Tillerson, Speaker of the House Paul Ryan and members of Congress, US Trade secretary Wilbur Ross, US Chamber of Commerce, along with delegations from GE and Boeing among others.This is a very good feel of how the new US President is working in a positive way with Iraq. [post 1 of 2….stay tuned]
______________________________________________________________
MadDScout (Dinar Guru) –Article: “Abadi discusses with US Trade Secretary lifting obstacles to investment companies” Quote: “Prime Minister Haider al-Abadi, during his visit to the United States, discussed with US Commerce Secretary Wilbur Ross the promotion of trade cooperation between the two countries.” This was a very good meeting from reports. I can not remember a one day event that produced so much positive for all sectors. It was like Abadi ran the table today. LOL …was a very positive day for us investors and for Iraq as a whole. [post 2 of 2]
______________________________________________________________
Electricity: the privatization of the energy will liberate citizens from private generators expenses
Ministry confirmed the electricity, that electricity investment project (the privatization of energy) will free citizen of the restrictions and expenses of amperage, generators and all the suffering of attrition.
Backdoc (Dinar Guru) Article: “Keywords announce start implementing the e-government project” VERY INTERESTING…WE GO FROM IMPLEMENTING THE DIGITAL E- DINAR ON FEBRUARY 8TH TO NOW GOING DIGITAL FOR GOVT. FUNCTIONS! YES, THE DIGITAL BLOCKCHAIN ADDS BETTER SECURITY, SPEED, AND EFFICIENCY! THIS WILL HELP PUT A HURT ON CORRUPTION!
______________________________________________________________
Adam Montana (Dinar Guru) – You’re probably also seeing a lot of positive news regarding ISIS, Mosul, etc on the “tube”. Or at least, you aren’t seeing so many negative news stories… and you know why that is, don’t you? It’s very simple – the media isn’t making a big deal about Iraq anymore because things are going REALLY GOOD, and those aren’t the stories that sell ads! …there is a LOT of progress happening right now with oil, agreements, and security. These are exactly what we want to see! We are getting to a point in this Iraqi Dinar situation that has me excited again, finally, and it’s been a long time since I felt this upbeat about the Dinar. We’ve been going in the “right way” for a long time, but now we are on a STRONG path to victory!
______________________________________________________________
Kaperoni (Dinar Guru) – Article quote: “in addition to the reform of the banking sector to support growth led by the private sector before starting the process of reconstructionin post – Daesh.” This seems to imply the banking sector reform is just around the corner…
______________________________________________________________
Tourism’s “economy News”: Iraqi antiquities need to pause
Economy News / special It demanded Tourism and Antiquities Authority necessity that there be a serious stand of Iraqi antiquities and make it an important tributary of the Iraqi tourism.
The general director of the tourist facilities in the Authority, Mahmoud al-Zubaidi (News of the economy), that Iraq holds a history spanning prehistoric and presence only gives economic footprint, pointing out that there is a move away from the development of tourism, particularly with regard to the Iraqi antiquities.
Aggiedad77 (Dinar Guru) – Article: “Iraq looking to raise obstacles to the entry of US companies to invest” IMO when Abadi talks here about “raising obstacles” he’s referring to a lessening of red tape for American companies and also a HUGE reduction in corruption issues that have kept many companies away in the past…He’s smiling because he knows who will pave the way for the success of his government as well as his country…and it will not be Iran…He’s got a new buddy in President Donald Trump and his administration…IMO look for Trump to be paying Iraq a visit this year…Frank [Guru Frank26] said that issues with investors has to do with Iraq’s restrictions on capital movement…as well as UN sanctions not being lifted, thus causing countries and investors to not want to go against the UN…Abadi has some definite changes he needs to make…that he can make…lift those restrictions…raise the value of your currency…get rid of the UN restrictions…IMO.
______________________________________________________________
Kaperoni (Dinar Guru) – […wondering if Trump can push for currency reform.] Currency reform is a consequence of economic and banking reform. …the IMF has made it very clear the dinar will be floated and will rise as a result of the growth of the economy. There is no confusion, it is stated clearly…the Balassa-Samuelson effect. ”Balassa–Samuelson implies that countries with rapidly expanding economies should tend to have more rapidly appreciating exchange rates.” In other words Iraq’s dinar is directly related to the growth of the private sector/market economy.
______________________________________________________________
Kaperoni (Dinar Guru) – Article: “International Monetary Fund agrees to release contractors’ receivables” Quote: “The appearance of Mohammed Saleh that the second review of the credit agreement showed a clear understanding and success…This success is the understanding and agreement on the release of receivables of all contractors amounting to more than 4 trillion dinars once the Federal Audit Bureau announced the completion of audit contracts contractors, and we know the SAI is about to complete this process.” So the IMF is going to pay almost $4 billion dollars to unpaid contractors in Iraq. This is huge.
______________________________________________________________
Click this link to join the DU “private” FaceBook Group…
tman23 (Dinar Guru) –This week in Washington is the NATIONAL COALITION MEETING…THE FIRST WHERE ALL COUNTRIES WILL BE TOGETHER…68! …THIS IS ALL ABOUT IRAQ AND SYRIA AND SPECIFICALLY ISIS…
______________________________________________________________
Kaperoni (Dinar Guru) – Article: “Sabri: Iraq’s economy will rise over the next five years” ...this statement is in line with several of the CBI going back a few years that the deletion of zeros would take 4-5 years. Sounds to me like they expect a gradual appreciation of the currency as the economy grows. Anyone? Balassa-Samuelson effect…
______________________________________________________________
United Nations Secretary General: we hope to achieve a Government representing all communities in Iraq
United Nations Secretary General Antonio Gutiérrez, Wednesday, we hope to achieve a Government that represents all the components in Iraq.
He welcomed Guterres in his speech during the Arabic League Summit in Jordan, “progress in Mosul and Iraqi troops restored to lands of ISIS’s control.
tman23 (Dinar Guru) – …ABADI BEST COME BACK FROM WASHINGTON WITH AN ARSENAL OF GIFTS FOR THE CITIZENS… OTHERWISE/WITH ACCESS TO FUTURE INTERNATIONAL LOANS BEING LIMITED…TICK-TOCK…TICK TOCK.
______________________________________________________________
Kaperoni (Dinar Guru) – The IMF would never agree to accept Iraq into Article VIII if they cannot comply with the Article VIII requirements… That means they must show stability at 2% or less for 90 days prior to acceptance into Article VIII. I don’t see anyway around that. That being said, they could get off the peg without approval from the IMF.
______________________________________________________________
firefly (Dinar Guru) – Anybody that’s been in this investment for any period of time should know that a lot of negative news will pop it’s ugly head at the end. Just remember what Dr. Shabibi said at Jackson Hole back in 2011 when he was asked when he will do the currency adjustment. After thinking about the question for a bit of time he stated “AFTER MUCH MEDIA PROPAGANDA” This is not about us. Just be thankful we were given the opportunity to be a part of this investment. Timing is everything right now. One mistake in their calculations would be catastrophic. …the true rate will show on the CBI 1st.
______________________________________________________________
Abadi looking with two US firms electricity and airlines to develop
Economy News / Baghdad …Search Prime Minister Haidar al-Abbadi (who is visiting Washington for now), with two US firms to develop the electricity sector in Iraq and the Iraqi air lines.
firefly (Dinar Guru) – Historically all currency adjustments are made in the 1st quarter of the fiscal year. Kuwait and Zambia are good reference points. There is much going on behind the scenes that we are not aware of. I for one am extremely excited at where we sit today.
______________________________________________________________
Kaperoni (Dinar Guru) – Article: “Expert: Iraq is heading for a social market economy within the plan that will last until 2030” More importantly, currency reform must begin before they will ever have a market economy.
______________________________________________________________
Kaperoni (Dinar Guru) – Article: “Detection 3 “goals” Abadi seeks to achieve” Quote: “…three goals of Prime Minister Haider al-Abadi seeks to achieve with major countries (Germany, Britain, America), as he emphasized the lack of plans for more “lending”, attributing the reason to determine Iraq certain doors by donor countries…” To me, this says they better get to work..and soon… “there are no plans for further lending”.
______________________________________________________________
Deputy: Abadi visit to Washington made Iraq the Middle East equilibrium point
MP in parliament, Abdul Rahman Alloizi, on Thursday, Prime Minister Haider al-Abadi’s visit to Washington has created a kind of balance in the Middle East.
He Alloizi, L / balance News /, said that “al-Abadi’s visit to Washington came in the context, the fact that Iraq today is one of the closest allies of the United States.”
BGG (Dinar Guru) – Quote: “…Based on the preliminary findings of this mission, staff will prepare a report that, subject to management approval, will be presented to the IMF’s Executive Board for discussion and decision…” exactly what decisions do the IMF executive board have to make coming up? I mean – they only deal with one thing. INTERNATIONAL MONETARY FUND. […can the CBI make a move before the DC meetings?] the CBI can do whatever they want…if the IMF doesn’t give their blessing who are they gonna’ sell their currency to? without international acceptance – there is no market. [post 2 of 2]
______________________________________________________________
BGG (Dinar Guru) – Quote: “The Iraqi authorities and IMF staff started discussions on the second review of the SBA. These discussions will continue during the upcoming IMF and World Bank Spring Meetings from April 21–23, 2017 in Washington, DC.” This is saying these finalization talks were already started…and will resume – (at the latest) in D.C. Quote: “During the visit, the team met with the Acting Minister of Finance Prof. Abdulrazzaq A. Jaleel Essa, Acting Governor of the Central Bank of Iraq (CBI), Dr. Ali Mohsen Ismail Al-Allaq, the Financial Adviser to the Prime Minister Dr. Mudher Saleh, and officials from the ministries of finance, oil, planning, the State Oil Marketing Organization, the Central Statistical Office, the Central Bank of Iraq, and representatives from the Kurdistan Regional Government, and the Board of Supreme Audit. The team would like to thank the Iraqi authorities for their cooperation and the open and productive discussions.”Mohammed Saleh…he’s been in these big IMF “shindig” meetings from the 5th to the 17th… he’s excited. [post 1 of 2….stay tuned]
_____________________________________________________________
Kaperoni (Dinar Guru) – Article: “Detection 3 “goals” Abadi seeks to achieve” Quote: “…three goals of Prime Minister Haider al-Abadi seeks to achieve with major countries (Germany, Britain, America), as he emphasized the lack of plans for more “lending”, attributing the reason to determine Iraq certain doors by donor countries…” To me, this says they better get to work..and soon… “there are no plans for further lending”.
_____________________________________________________________
Revbo (Dinar Guru) – “Statement at the End of an IMF Mission on Iraq” Quote: “…repair the banking sector are needed to support private sector-led growth and diversification of the economy once post- ISIS reconstruction is underway.” [I really believe we will see currency reform begin soon after the country is rid of ISIL since it is so important to the success of a private sector/market economy.] If they don’t turn it loose shortly after Mosul is liberated, they will be wasting a golden opportunity and a ton of momentum for a growing economy and national reconciliation.
______________________________________________________________
Kaperoni (Dinar Guru) – “Statement at the End of an IMF Mission on Iraq” Quote: “…repair the banking sector are needed to support private sector-led growth and diversification of the economy once post- ISIS reconstruction is underway.” I really believe we will see currency reform begin soon after the country is rid of ISIL since it is so important to the success of a private sector/market economy.
______________________________________________________________
Revbo (Dinar Guru) – I don’t know if this means anything, but yesterday was the first time I’ve ever seen no street rate posted on the CBI’s auction page.
______________________________________________________________
Maliki’s wealth estimated at $40 bln: sources
Iraqi former PM Nouri al-Maliki’s wealth is estimated at $40 billion, informed sources told The Baghdad Post on Thursday.
The sources revealed the 67-year-old has made his wealth through manipulating the Iraqi Central Bank’s accounts as well as his suspicious projects inside and outside Iraq.
They also confirmed he took over the 2014 state budget without releasing concluding statements….
Iraq will not sever ties with Iran despite pressure from Arab nations
AMMAN, Jordan – Iraq will not sever ties with neighboring Iran under pressure from other Arab countries, the Iraqi Foreign Minister confirmed to Rudaw on the sidelines of the Amman Summit as a draft resolution is being considered by the Arab League members calling on Tehran to cease meddling in affairs of the region.
“Iraq is not ready to step towards agitating the region and will not sever ties with any neighboring country,” Ibrahim al-Jaafari told Rudaw, referring to its Shiite neighbor Iran, a strong ally of Baghdad.
Baghdad is not willing to cut ties with any neighboring country, even Turkey, Jaafari said, despite growing differences between the two over the presence of Turkish troops in northern Iraq.
“Do you know that when I am speaking right here Turkish troops are in Iraq, but we have not ended relations with Turkey,” he said.
He stressed that Iraq is doing its best to have friendly relations with its neighbors.
“We do our outmost to lead our relations to go on the right way,” he said, confidently.
BGG (Dinar Guru) –When we talk about the price tag the IMF and the UN have put on Mosul…one has to wonder exactly what leverage the UN has in this game… It is clear what say the IMF has – they are the IMF… but the UN, on the other hand, not so clear…unless viewed through this narrow window. I doubt the UN will allow Iraq an immediate exit from Chapter 7 – the sanctions, yes… the protection… I just doubt it. What does this mean for us? As long as they are doing as the IMF and UN have laid out for them – no reason the IMF and the UN won’t support a return “international acceptance and integration”…and that is all any of us care about. [what has to happen for them to get out of chapter 7] A better question – and the one we all really want to know is… do they even have to be fully out of Chapter 7? My guess. No – they do not…
______________________________________________________________
1bobby (Dinar Guru) – …if we look at CH 7,the 2 big ones that were given back to Iraq were the right to defend themselves and control of their currency. Having the U.N announce the removal of CH 7 to the world is what Abadi’s looking for.
______________________________________________________________
MadDScout (Dinar Guru) – Article: “Abadi calls during his meeting with the Secretary of the United Nations to remove Iraq from Chapter VII” IMO) Abadi can only be asking because, along with other criteria, they are ready, or he would not have asked in front of the world…I think it says volumes about where they are.
______________________________________________________________
Kaperoni(Dinar Guru) – Article: “Abadi calls during a meeting with Secretary of the United Nations to remove Iraq from Chapter VII” Quote: “{Baghdad} Euphrates News called on Prime Minister Haider al-Abadi to remove Iraq from Chapter VII to end the occupation of Kuwait and file resolutions imposed on the people of Iraq because of Saddam’s regime policies.” This is important and will motivate them to get the dinar engaged with the global financial system.
______________________________________________________________ 1bobby (Dinar Guru) – Article: “Abadi calls during his meeting with the Secretary of the United Nations to remove Iraq from Chapter VII” We knew that Iraq was NOT out of Chapter 7, but not in a stranglehold as they had been. They now have the right to defend themselves and control their currency. The issues that are outstanding are the reparations to Kuwait and to the best of my knowledge the Oil for Food/Medicine Program. Now if we look back to late last year Iraq made an announcement that the OFP had ended. If we recall the U.N Rep stated that Iraq has made great progress as far as the OFP and the June date was set as a “let’s see what happens between now and then” kind of a date. For Abadi to publicly come out and ask the U.N Secretary General to no longer associate Iraq with Ch 7, is a big move on his part and I doubt he’s expecting a no answer.They can still have working files, but to have the U.N come out and publicly rid Iraq of the CH 7 shadow would be a huge move forward. As we have seen Kuwait has been a big supporter of Iraq as of late and has continuously been working with Iraq on outstanding issues.
______________________________________________________________
Kaperoni (Dinar Guru) – Article: “Iraq’s Current Economic Outlook And How it Can Affect Dinar Value” Quote: “With the economic boom led by Iraq’s oil industry, the national currency in the form of the Dinar will eventually rise to reflect the true value of the country’s oil wealth. The rise will most likely happen when the National Bank of Iraq lifts the artificially low value placed on the nation’s currency in 2003.” The problem with that statement is the dinar is not artificially low. It reflects the current exchange rate based on the current conditions. Remember, Shabibi raised the value already from about 3000 / $1 to 1186 /$1 back in 2004-2005 to reduce inflation. Until the market economy takes off, IMO we will not the dinar rise the remainder of the way. To me, making such a statement as “artificially low value”…shows a lack of understanding…
______________________________________________________________
Follow us on twitter @DinarUpdates !!
Dinar Updates – “NEWS TIME” w/BGG & Company – April 2nd 7:30pm CST – In the DU CHAT Room!!
Chattels (Dinar Guru)- Article: “Iraqi News reporting US troop level increases. “America sends more troops to Iraq” It will be interesting to look for commentary in the news from Sadr and others.
______________________________________________________________
Loop (Dinar Guru)- Article: “Iraqi command: western Mosul battle finished “on the military level” Quotes: “western Mosul is done on the military level”, adding that “what is left to do is to purge the remaining areas”. “The remaining Islamic State members in the western side of Mosul are “gangs remnants that are targeted accurately by security forces”. What he is saying is that what is left are gangs and not an organized resistance.
______________________________________________________________
Kaperoni (Dinar Guru)- Article: “Governmental directives to amend legislation in the transition to a free economy” Quote: “The government proceeding towards a free economy and stimulate the private sector and this trend is accompanied by procedural and legal amendments.” He added that ” the General Secretariat will spare no effort to support the upgrading of Iraq on the highest indicators according to the World Bank standards.” We will have to watch the agenda’s the next few weeks and see if parliament acts
______________________________________________________________
BGG (Dinar Guru)- [What are your thoughts on the new cbi logo?] Lots of changes going on at the CBI. Change is GOOD
______________________________________________________________
Trump reaffirms US commitment to Iraqi people in phone call with Abadi
BAGHDAD, Iraq — A week after meeting face-to-face in Washington, D.C., Iraqi Prime Minister Haider al-Abadi received a phone call late Wednesday night, in which US President Donald Trump reaffirmed US commitment to the Iraqi people in the fight against ISIS.
Trump emphasized that military and intelligence cooperation should continue, according to the PM’s website, adding that the courage and intelligence of the Iraqi people “who are loved and respected” by the US will inevitably banish “ISIS gangs.”…
Loop (Dinar Guru) – Article: “Iraq’s economy is now on the way to recovery” Quotes: “The World Bank’s latest economic forecast expected Iraq to bounce back in 2016, growing at 7.2% in that year and continuing at around 5% in the next few years…With the security situation now improving, and the oil price on the rise – the indicators are moving in the right direction for Iraq’s economy.” UK MP from Scotland telling a group of Scottish companies that now it the time to invest in Iraq to make huge profits in the future. She is saying the the greatest opportunity to profit from the investment is prior to their ascension into the WTO. So once again we see someone from outside of Iraq pointing out what we have known for a long time. IRAQ’S ECONOMIC POTENTIAL IS HUGE AND THEY ARE GETTING THEIR ACT TOGETHER TO REALIZE THAT.
______________________________________________________________
Frank26 (Dinar Guru) – IN MY STRONG OPINION…the MR has been going on inside of Iraq for quite awhile ago. We’ve shown you many articles of how this is possible. Infancy is NOT the starting of the MR…it is in the stage that it is in right now… WALKING…taking it’s BABY STEPS…and soon…it will start WALKING VERY FAST! The speed will pick up just like we told you. BRILLIANT CALCULATED STEPS by Abadi and Trump! The East is done is Mosul…and 95% done on the West side of Mosul. Abadi said …I will announce to the world that Mosul is liberated at the Arab Summit. Abadi is under the US control…not like a puppet …we are a TEAM …Abadi is a TEAM PLAYER…and when he returns back to Iraq…GAMES ON!
BGG (Dinar Guru) – [Would changing the rate of the Dinar have any affect on their rampant corruption issues?] Just the opposite…them dealing with their corruption issues will help the world accept a higher rate for the Dinar. I am positive this is one of the items the IMF will be discussing shortly.
______________________________________________________________
Kaperoni (Dinar Guru) – Article: “Iraq on the brink of an ambitious program looming…” I am encouraged that we will see the beginnings of currency reform within the next few months. We can hope anyway.
______________________________________________________________
Loop (Dinar Guru) – [Would changing the rate of the Dinar have any affect on their rampant corruption issues?] IMO…They have a good handle on the corruption going on in the banking sector. While they still have work to do on this front they have systems in place to catch the crooks. So I do not see it has stopping them from a rate change at this point.
______________________________________________________________
Adam Montana (Dinar Guru) – There’s one name in particular that I’m happy to see in the news: Abadi. Anyone who’s been in this for more than a couple years has seen the amazing progress that’s come about since Maliki got the boot and Abadi came stomping in with the big boy pants on! The GOI was revamped, decluttered, and streamlined. Parliament picked up the pace and got a lot of things done that were simply not happening under the previous administration, and now: 1. Abadi confirms he’s planning on running for a second term. I see this as a shoe-in, no-brainer, it will happen, DONE. (Yes, we are going to hear some noise from the Maliki Camp, I say…ignore it). 2. Abadi is working hard towards full IMF and basically global support, and the fruits are coming. [post 1 of 2….stay tuned]
______________________________________________________________
Saudi King to Abadi: with restoring Iraq to turn in big area
King Salman bin Abdul Aziz, Saudi Arabia’s support for Iraq to restore its role in the region and strengthen relations with at all levels.
Abbadi’s Office said in a statement received Agency {news Euphrates} copy of it today, “Prime Minister Haidar Al-Abbadi met on the sidelines of the Summit Arabic King Salman bin Abdulaziz…
Adam Montana (Dinar Guru) – 3. “This week on Fox News Sunday: Haider al-Abadi, Prime Minister of Iraq, in an exclusive interview.” Get your popcorn out! Abadi on with Chris Wallace this weekend. Don’t expect a huge announcement from Abadi on the RV…this is just more proof that Iraq and the PTB are not going to stay where they are. The country is poised to make a leap, and we’re watching! Another thing I am paying close attention to in the news is Saudi Arabia… there is a LOT going on with that country right now. It’s a very complex situation, but the direction is tremendously good for us and for Iraq’s future as a very powerful and wealthy country. That might be one of the reasons why Saudi Arabia is taking these steps: “Saudi Arabia plans to cancel previous debt on Iraq” Bottom line…this is happening fast, and we’re just here for the ride. [post 2
of 2]
______________________________________________________________
MadDScout (Dinar Guru) – I know Abadi had a busy day today [Tuesday]. Abadi today met with : President Trump, V.President Pence, Secretary of State Rex Tillerson, Speaker of the House Paul Ryan and members of Congress, US Trade secretary Wilbur Ross, US Chamber of Commerce, along with delegations from GE and Boeing among others.This is a very good feel of how the new US President is working in a positive way with Iraq. [post 1 of 2….stay tuned]
______________________________________________________________
MadDScout (Dinar Guru) –Article: “Abadi discusses with US Trade Secretary lifting obstacles to investment companies” Quote: “Prime Minister Haider al-Abadi, during his visit to the United States, discussed with US Commerce Secretary Wilbur Ross the promotion of trade cooperation between the two countries.” This was a very good meeting from reports. I can not remember a one day event that produced so much positive for all sectors. It was like Abadi ran the table today. LOL …was a very positive day for us investors and for Iraq as a whole. [post 2 of 2]
______________________________________________________________
Electricity: the privatization of the energy will liberate citizens from private generators expenses
Ministry confirmed the electricity, that electricity investment project (the privatization of energy) will free citizen of the restrictions and expenses of amperage, generators and all the suffering of attrition.
Backdoc (Dinar Guru) Article: “Keywords announce start implementing the e-government project” VERY INTERESTING…WE GO FROM IMPLEMENTING THE DIGITAL E- DINAR ON FEBRUARY 8TH TO NOW GOING DIGITAL FOR GOVT. FUNCTIONS! YES, THE DIGITAL BLOCKCHAIN ADDS BETTER SECURITY, SPEED, AND EFFICIENCY! THIS WILL HELP PUT A HURT ON CORRUPTION!
______________________________________________________________
Adam Montana (Dinar Guru) – You’re probably also seeing a lot of positive news regarding ISIS, Mosul, etc on the “tube”. Or at least, you aren’t seeing so many negative news stories… and you know why that is, don’t you? It’s very simple – the media isn’t making a big deal about Iraq anymore because things are going REALLY GOOD, and those aren’t the stories that sell ads! …there is a LOT of progress happening right now with oil, agreements, and security. These are exactly what we want to see! We are getting to a point in this Iraqi Dinar situation that has me excited again, finally, and it’s been a long time since I felt this upbeat about the Dinar. We’ve been going in the “right way” for a long time, but now we are on a STRONG path to victory!
______________________________________________________________
Kaperoni (Dinar Guru) – Article quote: “in addition to the reform of the banking sector to support growth led by the private sector before starting the process of reconstructionin post – Daesh.” This seems to imply the banking sector reform is just around the corner…
______________________________________________________________
Tourism’s “economy News”: Iraqi antiquities need to pause
Economy News / special It demanded Tourism and Antiquities Authority necessity that there be a serious stand of Iraqi antiquities and make it an important tributary of the Iraqi tourism.
The general director of the tourist facilities in the Authority, Mahmoud al-Zubaidi (News of the economy), that Iraq holds a history spanning prehistoric and presence only gives economic footprint, pointing out that there is a move away from the development of tourism, particularly with regard to the Iraqi antiquities.
Aggiedad77 (Dinar Guru) – Article: “Iraq looking to raise obstacles to the entry of US companies to invest” IMO when Abadi talks here about “raising obstacles” he’s referring to a lessening of red tape for American companies and also a HUGE reduction in corruption issues that have kept many companies away in the past…He’s smiling because he knows who will pave the way for the success of his government as well as his country…and it will not be Iran…He’s got a new buddy in President Donald Trump and his administration…IMO look for Trump to be paying Iraq a visit this year…Frank [Guru Frank26] said that issues with investors has to do with Iraq’s restrictions on capital movement…as well as UN sanctions not being lifted, thus causing countries and investors to not want to go against the UN…Abadi has some definite changes he needs to make…that he can make…lift those restrictions…raise the value of your currency…get rid of the UN restrictions…IMO.
______________________________________________________________
Kaperoni (Dinar Guru) – […wondering if Trump can push for currency reform.] Currency reform is a consequence of economic and banking reform. …the IMF has made it very clear the dinar will be floated and will rise as a result of the growth of the economy. There is no confusion, it is stated clearly…the Balassa-Samuelson effect. ”Balassa–Samuelson implies that countries with rapidly expanding economies should tend to have more rapidly appreciating exchange rates.” In other words Iraq’s dinar is directly related to the growth of the private sector/market economy.
______________________________________________________________
Kaperoni (Dinar Guru) – Article: “International Monetary Fund agrees to release contractors’ receivables” Quote: “The appearance of Mohammed Saleh that the second review of the credit agreement showed a clear understanding and success…This success is the understanding and agreement on the release of receivables of all contractors amounting to more than 4 trillion dinars once the Federal Audit Bureau announced the completion of audit contracts contractors, and we know the SAI is about to complete this process.” So the IMF is going to pay almost $4 billion dollars to unpaid contractors in Iraq. This is huge.
______________________________________________________________
Click this link to join the DU “private” FaceBook Group…
tman23 (Dinar Guru) –This week in Washington is the NATIONAL COALITION MEETING…THE FIRST WHERE ALL COUNTRIES WILL BE TOGETHER…68! …THIS IS ALL ABOUT IRAQ AND SYRIA AND SPECIFICALLY ISIS…
______________________________________________________________
Kaperoni (Dinar Guru) – Article: “Sabri: Iraq’s economy will rise over the next five years” ...this statement is in line with several of the CBI going back a few years that the deletion of zeros would take 4-5 years. Sounds to me like they expect a gradual appreciation of the currency as the economy grows. Anyone? Balassa-Samuelson effect…
______________________________________________________________
United Nations Secretary General: we hope to achieve a Government representing all communities in Iraq
United Nations Secretary General Antonio Gutiérrez, Wednesday, we hope to achieve a Government that represents all the components in Iraq.
He welcomed Guterres in his speech during the Arabic League Summit in Jordan, “progress in Mosul and Iraqi troops restored to lands of ISIS’s control.
tman23 (Dinar Guru) – …ABADI BEST COME BACK FROM WASHINGTON WITH AN ARSENAL OF GIFTS FOR THE CITIZENS… OTHERWISE/WITH ACCESS TO FUTURE INTERNATIONAL LOANS BEING LIMITED…TICK-TOCK…TICK TOCK.
______________________________________________________________
Kaperoni (Dinar Guru) – The IMF would never agree to accept Iraq into Article VIII if they cannot comply with the Article VIII requirements… That means they must show stability at 2% or less for 90 days prior to acceptance into Article VIII. I don’t see anyway around that. That being said, they could get off the peg without approval from the IMF.
______________________________________________________________
firefly (Dinar Guru) – Anybody that’s been in this investment for any period of time should know that a lot of negative news will pop it’s ugly head at the end. Just remember what Dr. Shabibi said at Jackson Hole back in 2011 when he was asked when he will do the currency adjustment. After thinking about the question for a bit of time he stated “AFTER MUCH MEDIA PROPAGANDA” This is not about us. Just be thankful we were given the opportunity to be a part of this investment. Timing is everything right now. One mistake in their calculations would be catastrophic. …the true rate will show on the CBI 1st.
______________________________________________________________
Abadi looking with two US firms electricity and airlines to develop
Economy News / Baghdad …Search Prime Minister Haidar al-Abbadi (who is visiting Washington for now), with two US firms to develop the electricity sector in Iraq and the Iraqi air lines.
firefly (Dinar Guru) – Historically all currency adjustments are made in the 1st quarter of the fiscal year. Kuwait and Zambia are good reference points. There is much going on behind the scenes that we are not aware of. I for one am extremely excited at where we sit today.
______________________________________________________________
Kaperoni (Dinar Guru) – Article: “Expert: Iraq is heading for a social market economy within the plan that will last until 2030” More importantly, currency reform must begin before they will ever have a market economy.
______________________________________________________________
Kaperoni (Dinar Guru) – Article: “Detection 3 “goals” Abadi seeks to achieve” Quote: “…three goals of Prime Minister Haider al-Abadi seeks to achieve with major countries (Germany, Britain, America), as he emphasized the lack of plans for more “lending”, attributing the reason to determine Iraq certain doors by donor countries…” To me, this says they better get to work..and soon… “there are no plans for further lending”.
______________________________________________________________
Deputy: Abadi visit to Washington made Iraq the Middle East equilibrium point
MP in parliament, Abdul Rahman Alloizi, on Thursday, Prime Minister Haider al-Abadi’s visit to Washington has created a kind of balance in the Middle East.
He Alloizi, L / balance News /, said that “al-Abadi’s visit to Washington came in the context, the fact that Iraq today is one of the closest allies of the United States.”
BGG (Dinar Guru) – Quote: “…Based on the preliminary findings of this mission, staff will prepare a report that, subject to management approval, will be presented to the IMF’s Executive Board for discussion and decision…” exactly what decisions do the IMF executive board have to make coming up? I mean – they only deal with one thing. INTERNATIONAL MONETARY FUND. […can the CBI make a move before the DC meetings?] the CBI can do whatever they want…if the IMF doesn’t give their blessing who are they gonna’ sell their currency to? without international acceptance – there is no market. [post 2 of 2]
______________________________________________________________
BGG (Dinar Guru) – Quote: “The Iraqi authorities and IMF staff started discussions on the second review of the SBA. These discussions will continue during the upcoming IMF and World Bank Spring Meetings from April 21–23, 2017 in Washington, DC.” This is saying these finalization talks were already started…and will resume – (at the latest) in D.C. Quote: “During the visit, the team met with the Acting Minister of Finance Prof. Abdulrazzaq A. Jaleel Essa, Acting Governor of the Central Bank of Iraq (CBI), Dr. Ali Mohsen Ismail Al-Allaq, the Financial Adviser to the Prime Minister Dr. Mudher Saleh, and officials from the ministries of finance, oil, planning, the State Oil Marketing Organization, the Central Statistical Office, the Central Bank of Iraq, and representatives from the Kurdistan Regional Government, and the Board of Supreme Audit. The team would like to thank the Iraqi authorities for their cooperation and the open and productive discussions.”Mohammed Saleh…he’s been in these big IMF “shindig” meetings from the 5th to the 17th… he’s excited. [post 1 of 2….stay tuned]
_____________________________________________________________
Kaperoni (Dinar Guru) – Article: “Detection 3 “goals” Abadi seeks to achieve” Quote: “…three goals of Prime Minister Haider al-Abadi seeks to achieve with major countries (Germany, Britain, America), as he emphasized the lack of plans for more “lending”, attributing the reason to determine Iraq certain doors by donor countries…” To me, this says they better get to work..and soon… “there are no plans for further lending”.
_____________________________________________________________
Revbo (Dinar Guru) – “Statement at the End of an IMF Mission on Iraq” Quote: “…repair the banking sector are needed to support private sector-led growth and diversification of the economy once post- ISIS reconstruction is underway.” [I really believe we will see currency reform begin soon after the country is rid of ISIL since it is so important to the success of a private sector/market economy.] If they don’t turn it loose shortly after Mosul is liberated, they will be wasting a golden opportunity and a ton of momentum for a growing economy and national reconciliation.
______________________________________________________________
Kaperoni (Dinar Guru) – “Statement at the End of an IMF Mission on Iraq” Quote: “…repair the banking sector are needed to support private sector-led growth and diversification of the economy once post- ISIS reconstruction is underway.” I really believe we will see currency reform begin soon after the country is rid of ISIL since it is so important to the success of a private sector/market economy.
______________________________________________________________
Revbo (Dinar Guru) – I don’t know if this means anything, but yesterday was the first time I’ve ever seen no street rate posted on the CBI’s auction page.
______________________________________________________________
Maliki’s wealth estimated at $40 bln: sources
Iraqi former PM Nouri al-Maliki’s wealth is estimated at $40 billion, informed sources told The Baghdad Post on Thursday.
The sources revealed the 67-year-old has made his wealth through manipulating the Iraqi Central Bank’s accounts as well as his suspicious projects inside and outside Iraq.
They also confirmed he took over the 2014 state budget without releasing concluding statements….
Economic expert expected peace smeisim, Saudi Arabia to drop Iraq’s debt in the coming period, according to the Saudi Government, indicated that these amounts were not granted.
Smeisim said in a recent press release, the real debt implications of Iraq reached 120 billion dollars according to Adel Abdul Mahdi announced two days ago at a global Conference, explaining that those debts which governmental and private types as well as accumulations and penalties.
She added, being talked today about the debt and the possibility of dropped on Iraq by diplomatic pressure, indicating that the origin of these debts were granted and turned into debt because of the buried system entering Kuwait.
The lifting of that debt would have a good effect as to debt.
MadDScout (Dinar Guru) – Article: “Abadi calls during his meeting with the Secretary of the United Nations to remove Iraq from Chapter VII” IMO) Abadi can only be asking because, along with other criteria, they are ready, or he would not have asked in front of the world…I think it says volumes about where they are.
______________________________________________________________
Kaperoni(Dinar Guru) – Article: “Abadi calls during a meeting with Secretary of the United Nations to remove Iraq from Chapter VII” Quote: “{Baghdad} Euphrates News called on Prime Minister Haider al-Abadi to remove Iraq from Chapter VII to end the occupation of Kuwait and file resolutions imposed on the people of Iraq because of Saddam’s regime policies.” This is important and will motivate them to get the dinar engaged with the global financial system.
______________________________________________________________
1bobby (Dinar Guru) – Article: “Abadi calls during his meeting with the Secretary of the United Nations to remove Iraq from Chapter VII” We knew that Iraq was NOT out of Chapter 7, but not in a stranglehold as they had been. They now have the right to defend themselves and control their currency. The issues that are outstanding are the reparations to Kuwait and to the best of my knowledge the Oil for Food/Medicine Program. Now if we look back to late last year Iraq made an announcement that the OFP had ended. If we recall the U.N Rep stated that Iraq has made great progress as far as the OFP and the June date was set as a “let’s see what happens between now and then” kind of a date. For Abadi to publicly come out and ask the U.N Secretary General to no longer associate Iraq with Ch 7, is a big move on his part and I doubt he’s expecting a no answer.They can still have working files, but to have the U.N come out and publicly rid Iraq of the CH 7 shadow would be a huge move forward. As we have seen Kuwait has been a big supporter of Iraq as of late and has continuously been working with Iraq on outstanding issues.
______________________________________________________________
Kaperoni (Dinar Guru) – Article: “Iraq’s Current Economic Outlook And How it Can Affect Dinar Value” Quote: “With the economic boom led by Iraq’s oil industry, the national currency in the form of the Dinar will eventually rise to reflect the true value of the country’s oil wealth. The rise will most likely happen when the National Bank of Iraq lifts the artificially low value placed on the nation’s currency in 2003.” The problem with that statement is the dinar is not artificially low. It reflects the current exchange rate based on the current conditions. Remember, Shabibi raised the value already from about 3000 / $1 to 1186 /$1 back in 2004-2005 to reduce inflation. Until the market economy takes off, IMO we will not the dinar rise the remainder of the way. To me, making such a statement as “artificially low value”…shows a lack of understanding…
______________________________________________________________
Follow us on twitter @DinarUpdates !!
Dinar Updates – “NEWS TIME” w/BGG & Company – April 2nd 7:30pm CST – In the DU CHAT Room!!
Chattels (Dinar Guru)- Article: “Iraqi News reporting US troop level increases. “America sends more troops to Iraq” It will be interesting to look for commentary in the news from Sadr and others.
______________________________________________________________
Loop (Dinar Guru)- Article: “Iraqi command: western Mosul battle finished “on the military level” Quotes: “western Mosul is done on the military level”, adding that “what is left to do is to purge the remaining areas”. “The remaining Islamic State members in the western side of Mosul are “gangs remnants that are targeted accurately by security forces”. What he is saying is that what is left are gangs and not an organized resistance.
______________________________________________________________
Kaperoni (Dinar Guru)- Article: “Governmental directives to amend legislation in the transition to a free economy” Quote: “The government proceeding towards a free economy and stimulate the private sector and this trend is accompanied by procedural and legal amendments.” He added that ” the General Secretariat will spare no effort to support the upgrading of Iraq on the highest indicators according to the World Bank standards.” We will have to watch the agenda’s the next few weeks and see if parliament acts
______________________________________________________________
BGG (Dinar Guru)- [What are your thoughts on the new cbi logo?] Lots of changes going on at the CBI. Change is GOOD
______________________________________________________________
Trump reaffirms US commitment to Iraqi people in phone call with Abadi
BAGHDAD, Iraq — A week after meeting face-to-face in Washington, D.C., Iraqi Prime Minister Haider al-Abadi received a phone call late Wednesday night, in which US President Donald Trump reaffirmed US commitment to the Iraqi people in the fight against ISIS.
Trump emphasized that military and intelligence cooperation should continue, according to the PM’s website, adding that the courage and intelligence of the Iraqi people “who are loved and respected” by the US will inevitably banish “ISIS gangs.”…
Loop (Dinar Guru) – Article: “Iraq’s economy is now on the way to recovery” Quotes: “The World Bank’s latest economic forecast expected Iraq to bounce back in 2016, growing at 7.2% in that year and continuing at around 5% in the next few years…With the security situation now improving, and the oil price on the rise – the indicators are moving in the right direction for Iraq’s economy.” UK MP from Scotland telling a group of Scottish companies that now it the time to invest in Iraq to make huge profits in the future. She is saying the the greatest opportunity to profit from the investment is prior to their ascension into the WTO. So once again we see someone from outside of Iraq pointing out what we have known for a long time. IRAQ’S ECONOMIC POTENTIAL IS HUGE AND THEY ARE GETTING THEIR ACT TOGETHER TO REALIZE THAT.
______________________________________________________________
Frank26 (Dinar Guru) – IN MY STRONG OPINION…the MR has been going on inside of Iraq for quite awhile ago. We’ve shown you many articles of how this is possible. Infancy is NOT the starting of the MR…it is in the stage that it is in right now… WALKING…taking it’s BABY STEPS…and soon…it will start WALKING VERY FAST! The speed will pick up just like we told you. BRILLIANT CALCULATED STEPS by Abadi and Trump! The East is done is Mosul…and 95% done on the West side of Mosul. Abadi said …I will announce to the world that Mosul is liberated at the Arab Summit. Abadi is under the US control…not like a puppet …we are a TEAM …Abadi is a TEAM PLAYER…and when he returns back to Iraq…GAMES ON!
BGG (Dinar Guru) – [Would changing the rate of the Dinar have any affect on their rampant corruption issues?] Just the opposite…them dealing with their corruption issues will help the world accept a higher rate for the Dinar. I am positive this is one of the items the IMF will be discussing shortly.
______________________________________________________________
Kaperoni (Dinar Guru) – Article: “Iraq on the brink of an ambitious program looming…” I am encouraged that we will see the beginnings of currency reform within the next few months. We can hope anyway.
______________________________________________________________
Loop (Dinar Guru) – [Would changing the rate of the Dinar have any affect on their rampant corruption issues?] IMO…They have a good handle on the corruption going on in the banking sector. While they still have work to do on this front they have systems in place to catch the crooks. So I do not see it has stopping them from a rate change at this point.
______________________________________________________________
Adam Montana (Dinar Guru) – There’s one name in particular that I’m happy to see in the news: Abadi. Anyone who’s been in this for more than a couple years has seen the amazing progress that’s come about since Maliki got the boot and Abadi came stomping in with the big boy pants on! The GOI was revamped, decluttered, and streamlined. Parliament picked up the pace and got a lot of things done that were simply not happening under the previous administration, and now: 1. Abadi confirms he’s planning on running for a second term. I see this as a shoe-in, no-brainer, it will happen, DONE. (Yes, we are going to hear some noise from the Maliki Camp, I say…ignore it). 2. Abadi is working hard towards full IMF and basically global support, and the fruits are coming. [post 1 of 2….stay tuned]
______________________________________________________________
Saudi King to Abadi: with restoring Iraq to turn in big area
King Salman bin Abdul Aziz, Saudi Arabia’s support for Iraq to restore its role in the region and strengthen relations with at all levels.
Abbadi’s Office said in a statement received Agency {news Euphrates} copy of it today, “Prime Minister Haidar Al-Abbadi met on the sidelines of the Summit Arabic King Salman bin Abdulaziz…
Adam Montana (Dinar Guru) – 3. “This week on Fox News Sunday: Haider al-Abadi, Prime Minister of Iraq, in an exclusive interview.” Get your popcorn out! Abadi on with Chris Wallace this weekend. Don’t expect a huge announcement from Abadi on the RV…this is just more proof that Iraq and the PTB are not going to stay where they are. The country is poised to make a leap, and we’re watching! Another thing I am paying close attention to in the news is Saudi Arabia… there is a LOT going on with that country right now. It’s a very complex situation, but the direction is tremendously good for us and for Iraq’s future as a very powerful and wealthy country. That might be one of the reasons why Saudi Arabia is taking these steps: “Saudi Arabia plans to cancel previous debt on Iraq” Bottom line…this is happening fast, and we’re just here for the ride. [post 2
of 2]
______________________________________________________________
MadDScout (Dinar Guru) – I know Abadi had a busy day today [Tuesday]. Abadi today met with : President Trump, V.President Pence, Secretary of State Rex Tillerson, Speaker of the House Paul Ryan and members of Congress, US Trade secretary Wilbur Ross, US Chamber of Commerce, along with delegations from GE and Boeing among others.This is a very good feel of how the new US President is working in a positive way with Iraq. [post 1 of 2….stay tuned]
______________________________________________________________
MadDScout (Dinar Guru) –Article: “Abadi discusses with US Trade Secretary lifting obstacles to investment companies” Quote: “Prime Minister Haider al-Abadi, during his visit to the United States, discussed with US Commerce Secretary Wilbur Ross the promotion of trade cooperation between the two countries.” This was a very good meeting from reports. I can not remember a one day event that produced so much positive for all sectors. It was like Abadi ran the table today. LOL …was a very positive day for us investors and for Iraq as a whole. [post 2 of 2]
______________________________________________________________
Electricity: the privatization of the energy will liberate citizens from private generators expenses
Ministry confirmed the electricity, that electricity investment project (the privatization of energy) will free citizen of the restrictions and expenses of amperage, generators and all the suffering of attrition.
Backdoc (Dinar Guru) Article: “Keywords announce start implementing the e-government project” VERY INTERESTING…WE GO FROM IMPLEMENTING THE DIGITAL E- DINAR ON FEBRUARY 8TH TO NOW GOING DIGITAL FOR GOVT. FUNCTIONS! YES, THE DIGITAL BLOCKCHAIN ADDS BETTER SECURITY, SPEED, AND EFFICIENCY! THIS WILL HELP PUT A HURT ON CORRUPTION!
______________________________________________________________
Adam Montana (Dinar Guru) – You’re probably also seeing a lot of positive news regarding ISIS, Mosul, etc on the “tube”. Or at least, you aren’t seeing so many negative news stories… and you know why that is, don’t you? It’s very simple – the media isn’t making a big deal about Iraq anymore because things are going REALLY GOOD, and those aren’t the stories that sell ads! …there is a LOT of progress happening right now with oil, agreements, and security. These are exactly what we want to see! We are getting to a point in this Iraqi Dinar situation that has me excited again, finally, and it’s been a long time since I felt this upbeat about the Dinar. We’ve been going in the “right way” for a long time, but now we are on a STRONG path to victory!
______________________________________________________________
Kaperoni (Dinar Guru) – Article quote: “in addition to the reform of the banking sector to support growth led by the private sector before starting the process of reconstructionin post – Daesh.” This seems to imply the banking sector reform is just around the corner…
______________________________________________________________
Tourism’s “economy News”: Iraqi antiquities need to pause
Economy News / special It demanded Tourism and Antiquities Authority necessity that there be a serious stand of Iraqi antiquities and make it an important tributary of the Iraqi tourism.
The general director of the tourist facilities in the Authority, Mahmoud al-Zubaidi (News of the economy), that Iraq holds a history spanning prehistoric and presence only gives economic footprint, pointing out that there is a move away from the development of tourism, particularly with regard to the Iraqi antiquities.
Aggiedad77 (Dinar Guru) – Article: “Iraq looking to raise obstacles to the entry of US companies to invest” IMO when Abadi talks here about “raising obstacles” he’s referring to a lessening of red tape for American companies and also a HUGE reduction in corruption issues that have kept many companies away in the past…He’s smiling because he knows who will pave the way for the success of his government as well as his country…and it will not be Iran…He’s got a new buddy in President Donald Trump and his administration…IMO look for Trump to be paying Iraq a visit this year…Frank [Guru Frank26] said that issues with investors has to do with Iraq’s restrictions on capital movement…as well as UN sanctions not being lifted, thus causing countries and investors to not want to go against the UN…Abadi has some definite changes he needs to make…that he can make…lift those restrictions…raise the value of your currency…get rid of the UN restrictions…IMO.
______________________________________________________________
Kaperoni (Dinar Guru) – […wondering if Trump can push for currency reform.] Currency reform is a consequence of economic and banking reform. …the IMF has made it very clear the dinar will be floated and will rise as a result of the growth of the economy. There is no confusion, it is stated clearly…the Balassa-Samuelson effect. ”Balassa–Samuelson implies that countries with rapidly expanding economies should tend to have more rapidly appreciating exchange rates.” In other words Iraq’s dinar is directly related to the growth of the private sector/market economy.
______________________________________________________________
Kaperoni (Dinar Guru) – Article: “International Monetary Fund agrees to release contractors’ receivables” Quote: “The appearance of Mohammed Saleh that the second review of the credit agreement showed a clear understanding and success…This success is the understanding and agreement on the release of receivables of all contractors amounting to more than 4 trillion dinars once the Federal Audit Bureau announced the completion of audit contracts contractors, and we know the SAI is about to complete this process.” So the IMF is going to pay almost $4 billion dollars to unpaid contractors in Iraq. This is huge.
______________________________________________________________
Click this link to join the DU “private” FaceBook Group…
tman23 (Dinar Guru) –This week in Washington is the NATIONAL COALITION MEETING…THE FIRST WHERE ALL COUNTRIES WILL BE TOGETHER…68! …THIS IS ALL ABOUT IRAQ AND SYRIA AND SPECIFICALLY ISIS…
______________________________________________________________
Kaperoni (Dinar Guru) – Article: “Sabri: Iraq’s economy will rise over the next five years” ...this statement is in line with several of the CBI going back a few years that the deletion of zeros would take 4-5 years. Sounds to me like they expect a gradual appreciation of the currency as the economy grows. Anyone? Balassa-Samuelson effect…
______________________________________________________________
United Nations Secretary General: we hope to achieve a Government representing all communities in Iraq
United Nations Secretary General Antonio Gutiérrez, Wednesday, we hope to achieve a Government that represents all the components in Iraq.
He welcomed Guterres in his speech during the Arabic League Summit in Jordan, “progress in Mosul and Iraqi troops restored to lands of ISIS’s control.
tman23 (Dinar Guru) – …ABADI BEST COME BACK FROM WASHINGTON WITH AN ARSENAL OF GIFTS FOR THE CITIZENS… OTHERWISE/WITH ACCESS TO FUTURE INTERNATIONAL LOANS BEING LIMITED…TICK-TOCK…TICK TOCK.
______________________________________________________________
Kaperoni (Dinar Guru) – The IMF would never agree to accept Iraq into Article VIII if they cannot comply with the Article VIII requirements… That means they must show stability at 2% or less for 90 days prior to acceptance into Article VIII. I don’t see anyway around that. That being said, they could get off the peg without approval from the IMF.
______________________________________________________________
firefly (Dinar Guru) – Anybody that’s been in this investment for any period of time should know that a lot of negative news will pop it’s ugly head at the end. Just remember what Dr. Shabibi said at Jackson Hole back in 2011 when he was asked when he will do the currency adjustment. After thinking about the question for a bit of time he stated “AFTER MUCH MEDIA PROPAGANDA” This is not about us. Just be thankful we were given the opportunity to be a part of this investment. Timing is everything right now. One mistake in their calculations would be catastrophic. …the true rate will show on the CBI 1st.
______________________________________________________________
Abadi looking with two US firms electricity and airlines to develop
Economy News / Baghdad …Search Prime Minister Haidar al-Abbadi (who is visiting Washington for now), with two US firms to develop the electricity sector in Iraq and the Iraqi air lines.
firefly (Dinar Guru) – Historically all currency adjustments are made in the 1st quarter of the fiscal year. Kuwait and Zambia are good reference points. There is much going on behind the scenes that we are not aware of. I for one am extremely excited at where we sit today.
______________________________________________________________
Kaperoni (Dinar Guru) – Article: “Expert: Iraq is heading for a social market economy within the plan that will last until 2030” More importantly, currency reform must begin before they will ever have a market economy.
______________________________________________________________
Kaperoni (Dinar Guru) – Article: “Detection 3 “goals” Abadi seeks to achieve” Quote: “…three goals of Prime Minister Haider al-Abadi seeks to achieve with major countries (Germany, Britain, America), as he emphasized the lack of plans for more “lending”, attributing the reason to determine Iraq certain doors by donor countries…” To me, this says they better get to work..and soon… “there are no plans for further lending”.
______________________________________________________________
Deputy: Abadi visit to Washington made Iraq the Middle East equilibrium point
MP in parliament, Abdul Rahman Alloizi, on Thursday, Prime Minister Haider al-Abadi’s visit to Washington has created a kind of balance in the Middle East.
He Alloizi, L / balance News /, said that “al-Abadi’s visit to Washington came in the context, the fact that Iraq today is one of the closest allies of the United States.”
BGG (Dinar Guru) – Quote: “…Based on the preliminary findings of this mission, staff will prepare a report that, subject to management approval, will be presented to the IMF’s Executive Board for discussion and decision…” exactly what decisions do the IMF executive board have to make coming up? I mean – they only deal with one thing. INTERNATIONAL MONETARY FUND. […can the CBI make a move before the DC meetings?] the CBI can do whatever they want…if the IMF doesn’t give their blessing who are they gonna’ sell their currency to? without international acceptance – there is no market. [post 2 of 2]
______________________________________________________________
BGG (Dinar Guru) – Quote: “The Iraqi authorities and IMF staff started discussions on the second review of the SBA. These discussions will continue during the upcoming IMF and World Bank Spring Meetings from April 21–23, 2017 in Washington, DC.” This is saying these finalization talks were already started…and will resume – (at the latest) in D.C. Quote: “During the visit, the team met with the Acting Minister of Finance Prof. Abdulrazzaq A. Jaleel Essa, Acting Governor of the Central Bank of Iraq (CBI), Dr. Ali Mohsen Ismail Al-Allaq, the Financial Adviser to the Prime Minister Dr. Mudher Saleh, and officials from the ministries of finance, oil, planning, the State Oil Marketing Organization, the Central Statistical Office, the Central Bank of Iraq, and representatives from the Kurdistan Regional Government, and the Board of Supreme Audit. The team would like to thank the Iraqi authorities for their cooperation and the open and productive discussions.”Mohammed Saleh…he’s been in these big IMF “shindig” meetings from the 5th to the 17th… he’s excited. [post 1 of 2….stay tuned]
_____________________________________________________________
Kaperoni (Dinar Guru) – Article: “Detection 3 “goals” Abadi seeks to achieve” Quote: “…three goals of Prime Minister Haider al-Abadi seeks to achieve with major countries (Germany, Britain, America), as he emphasized the lack of plans for more “lending”, attributing the reason to determine Iraq certain doors by donor countries…” To me, this says they better get to work..and soon… “there are no plans for further lending”.
_____________________________________________________________
Revbo (Dinar Guru) – “Statement at the End of an IMF Mission on Iraq” Quote: “…repair the banking sector are needed to support private sector-led growth and diversification of the economy once post- ISIS reconstruction is underway.” [I really believe we will see currency reform begin soon after the country is rid of ISIL since it is so important to the success of a private sector/market economy.] If they don’t turn it loose shortly after Mosul is liberated, they will be wasting a golden opportunity and a ton of momentum for a growing economy and national reconciliation.
______________________________________________________________
Kaperoni (Dinar Guru) – “Statement at the End of an IMF Mission on Iraq” Quote: “…repair the banking sector are needed to support private sector-led growth and diversification of the economy once post- ISIS reconstruction is underway.” I really believe we will see currency reform begin soon after the country is rid of ISIL since it is so important to the success of a private sector/market economy.
______________________________________________________________
Revbo (Dinar Guru) – I don’t know if this means anything, but yesterday was the first time I’ve ever seen no street rate posted on the CBI’s auction page.
______________________________________________________________
Maliki’s wealth estimated at $40 bln: sources
Iraqi former PM Nouri al-Maliki’s wealth is estimated at $40 billion, informed sources told The Baghdad Post on Thursday.
The sources revealed the 67-year-old has made his wealth through manipulating the Iraqi Central Bank’s accounts as well as his suspicious projects inside and outside Iraq.
They also confirmed he took over the 2014 state budget without releasing concluding statements….
Trump reaffirms US commitment to Iraqi people in phone call with Abadi
BAGHDAD, Iraq — A week after meeting face-to-face in Washington, D.C., Iraqi Prime Minister Haider al-Abadi received a phone call late Wednesday night, in which US President Donald Trump reaffirmed US commitment to the Iraqi people in the fight against ISIS.
Trump emphasized that military and intelligence cooperation should continue, according to the PM’s website, adding that the courage and intelligence of the Iraqi people “who are loved and respected” by the US will inevitably banish “ISIS gangs.”…
Kaperoni (Dinar Guru) – Article: “Iraq’s Current Economic Outlook And How it Can Affect Dinar Value” Quote: “With the economic boom led by Iraq’s oil industry, the national currency in the form of the Dinar will eventually rise to reflect the true value of the country’s oil wealth. The rise will most likely happen when the National Bank of Iraq lifts the artificially low value placed on the nation’s currency in 2003.” The problem with that statement is the dinar is not artificially low. It reflects the current exchange rate based on the current conditions. Remember, Shabibi raised the value already from about 3000 / $1 to 1186 /$1 back in 2004-2005 to reduce inflation. Until the market economy takes off, IMO we will not the dinar rise the remainder of the way. To me, making such a statement as “artificially low value”…shows a lack of understanding…
______________________________________________________________
Chattels (Dinar Guru)- Article: “Iraqi News reporting US troop level increases. “America sends more troops to Iraq” It will be interesting to look for commentary in the news from Sadr and others.
______________________________________________________________
Saudi King to Abadi: with restoring Iraq to turn in big area
King Salman bin Abdul Aziz, Saudi Arabia’s support for Iraq to restore its role in the region and strengthen relations with at all levels.
Abbadi’s Office said in a statement received Agency {news Euphrates} copy of it today, “Prime Minister Haidar Al-Abbadi met on the sidelines of the Summit Arabic King Salman bin Abdulaziz…
Loop (Dinar Guru)- Article: “Iraqi command: western Mosul battle finished “on the military level” Quotes: “western Mosul is done on the military level”, adding that “what is left to do is to purge the remaining areas”. “The remaining Islamic State members in the western side of Mosul are “gangs remnants that are targeted accurately by security forces”. What he is saying is that what is left are gangs and not an organized resistance.
______________________________________________________________
Kaperoni (Dinar Guru)- Article: “Governmental directives to amend legislation in the transition to a free economy” Quote: “The government proceeding towards a free economy and stimulate the private sector and this trend is accompanied by procedural and legal amendments.” He added that ” the General Secretariat will spare no effort to support the upgrading of Iraq on the highest indicators according to the World Bank standards.” We will have to watch the agenda’s the next few weeks and see if parliament acts
______________________________________________________________
BGG (Dinar Guru)- [What are your thoughts on the new cbi logo?] Lots of changes going on at the CBI. Change is GOOD
______________________________________________________________
Loop (Dinar Guru) – Article: “Iraq’s economy is now on the way to recovery” Quotes: “The World Bank’s latest economic forecast expected Iraq to bounce back in 2016, growing at 7.2% in that year and continuing at around 5% in the next few years…With the security situation now improving, and the oil price on the rise – the indicators are moving in the right direction for Iraq’s economy.” UK MP from Scotland telling a group of Scottish companies that now it the time to invest in Iraq to make huge profits in the future. She is saying the the greatest opportunity to profit from the investment is prior to their ascension into the WTO. So once again we see someone from outside of Iraq pointing out what we have known for a long time. IRAQ’S ECONOMIC POTENTIAL IS HUGE AND THEY ARE GETTING THEIR ACT TOGETHER TO REALIZE THAT.
______________________________________________________________
Frank26 (Dinar Guru) – IN MY STRONG OPINION…the MR has been going on inside of Iraq for quite awhile ago. We’ve shown you many articles of how this is possible. Infancy is NOT the starting of the MR…it is in the stage that it is in right now… WALKING…taking it’s BABY STEPS…and soon…it will start WALKING VERY FAST! The speed will pick up just like we told you. BRILLIANT CALCULATED STEPS by Abadi and Trump! The East is done is Mosul…and 95% done on the West side of Mosul. Abadi said …I will announce to the world that Mosul is liberated at the Arab Summit. Abadi is under the US control…not like a puppet …we are a TEAM …Abadi is a TEAM PLAYER…and when he returns back to Iraq…GAMES ON!
BGG (Dinar Guru) – [Would changing the rate of the Dinar have any affect on their rampant corruption issues?] Just the opposite…them dealing with their corruption issues will help the world accept a higher rate for the Dinar. I am positive this is one of the items the IMF will be discussing shortly.
______________________________________________________________
Kaperoni (Dinar Guru) – Article: “Iraq on the brink of an ambitious program looming…” I am encouraged that we will see the beginnings of currency reform within the next few months. We can hope anyway.
______________________________________________________________
Loop (Dinar Guru) – [Would changing the rate of the Dinar have any affect on their rampant corruption issues?] IMO…They have a good handle on the corruption going on in the banking sector. While they still have work to do on this front they have systems in place to catch the crooks. So I do not see it has stopping them from a rate change at this point.
______________________________________________________________
Adam Montana (Dinar Guru) – There’s one name in particular that I’m happy to see in the news: Abadi. Anyone who’s been in this for more than a couple years has seen the amazing progress that’s come about since Maliki got the boot and Abadi came stomping in with the big boy pants on! The GOI was revamped, decluttered, and streamlined. Parliament picked up the pace and got a lot of things done that were simply not happening under the previous administration, and now: 1. Abadi confirms he’s planning on running for a second term. I see this as a shoe-in, no-brainer, it will happen, DONE. (Yes, we are going to hear some noise from the Maliki Camp, I say…ignore it). 2. Abadi is working hard towards full IMF and basically global support, and the fruits are coming. [post 1 of 2….stay tuned]
____________________________________________________________
Follow us on twitter @DinarUpdates !!
Dinar Updates – “NEWS TIME” w/MadDScout & The DU Facebook Crew – Mar 30th 6:30pm CST – In the DU CHAT Room!!
Adam Montana (Dinar Guru) – 3. “This week on Fox News Sunday: Haider al-Abadi, Prime Minister of Iraq, in an exclusive interview.” Get your popcorn out! Abadi on with Chris Wallace this weekend. Don’t expect a huge announcement from Abadi on the RV…this is just more proof that Iraq and the PTB are not going to stay where they are. The country is poised to make a leap, and we’re watching! Another thing I am paying close attention to in the news is Saudi Arabia… there is a LOT going on with that country right now. It’s a very complex situation, but the direction is tremendously good for us and for Iraq’s future as a very powerful and wealthy country. That might be one of the reasons why Saudi Arabia is taking these steps: “Saudi Arabia plans to cancel previous debt on Iraq” Bottom line…this is happening fast, and we’re just here for the ride. [post 2
of 2]
______________________________________________________________
MadDScout (Dinar Guru) – I know Abadi had a busy day today [Tuesday]. Abadi today met with : President Trump, V.President Pence, Secretary of State Rex Tillerson, Speaker of the House Paul Ryan and members of Congress, US Trade secretary Wilbur Ross, US Chamber of Commerce, along with delegations from GE and Boeing among others.This is a very good feel of how the new US President is working in a positive way with Iraq. [post 1 of 2….stay tuned]
______________________________________________________________
MadDScout (Dinar Guru) –Article: “Abadi discusses with US Trade Secretary lifting obstacles to investment companies” Quote: “Prime Minister Haider al-Abadi, during his visit to the United States, discussed with US Commerce Secretary Wilbur Ross the promotion of trade cooperation between the two countries.” This was a very good meeting from reports. I can not remember a one day event that produced so much positive for all sectors. It was like Abadi ran the table today. LOL …was a very positive day for us investors and for Iraq as a whole. [post 2 of 2]
______________________________________________________________
Backdoc (Dinar Guru) …THE TWO SHIA BROTHERS (iraq and Iran) HAVE BEEN DELAYED IN THEIR NEW INTERNATIONAL PAYMENT SYSTEMS BUT THAT WILL COME TO AN END SOON. IT APPEARS THE TWO SHIA BROTHERS HAVE HAD A SIMILAR DELAY? …BASED ON THE ADDITIONAL ARTICLES THAT I HAVE STUDIED, I BELIEVE ALL IS ON TRACK FOR BOTH SHIA BROTHERS.
______________________________________________________________ Electricity: the privatization of the energy will liberate citizens from private generators expenses
Ministry confirmed the electricity, that electricity investment project (the privatization of energy) will free citizen of the restrictions and expenses of amperage, generators and all the suffering of attrition.
Backdoc (Dinar Guru) Article: “Keywords announce start implementing the e-government project” VERY INTERESTING…WE GO FROM IMPLEMENTING THE DIGITAL E- DINAR ON FEBRUARY 8TH TO NOW GOING DIGITAL FOR GOVT. FUNCTIONS! YES, THE DIGITAL BLOCKCHAIN ADDS BETTER SECURITY, SPEED, AND EFFICIENCY! THIS WILL HELP PUT A HURT ON CORRUPTION!
______________________________________________________________
Adam Montana (Dinar Guru) – You’re probably also seeing a lot of positive news regarding ISIS, Mosul, etc on the “tube”. Or at least, you aren’t seeing so many negative news stories… and you know why that is, don’t you? It’s very simple – the media isn’t making a big deal about Iraq anymore because things are going REALLY GOOD, and those aren’t the stories that sell ads! …there is a LOT of progress happening right now with oil, agreements, and security. These are exactly what we want to see! We are getting to a point in this Iraqi Dinar situation that has me excited again, finally, and it’s been a long time since I felt this upbeat about the Dinar. We’ve been going in the “right way” for a long time, but now we are on a STRONG path to victory!
______________________________________________________________
Kaperoni (Dinar Guru) – Article quote: “in addition to the reform of the banking sector to support growth led by the private sector before starting the process of reconstructionin post – Daesh.” This seems to imply the banking sector reform is just around the corner…
______________________________________________________________
Tourism’s “economy News”: Iraqi antiquities need to pause
Economy News / special It demanded Tourism and Antiquities Authority necessity that there be a serious stand of Iraqi antiquities and make it an important tributary of the Iraqi tourism.
The general director of the tourist facilities in the Authority, Mahmoud al-Zubaidi (News of the economy), that Iraq holds a history spanning prehistoric and presence only gives economic footprint, pointing out that there is a move away from the development of tourism, particularly with regard to the Iraqi antiquities.
Aggiedad77 (Dinar Guru) – Article: “Iraq looking to raise obstacles to the entry of US companies to invest” IMO when Abadi talks here about “raising obstacles” he’s referring to a lessening of red tape for American companies and also a HUGE reduction in corruption issues that have kept many companies away in the past…He’s smiling because he knows who will pave the way for the success of his government as well as his country…and it will not be Iran…He’s got a new buddy in President Donald Trump and his administration…IMO look for Trump to be paying Iraq a visit this year…Frank [Guru Frank26] said that issues with investors has to do with Iraq’s restrictions on capital movement…as well as UN sanctions not being lifted, thus causing countries and investors to not want to go against the UN…Abadi has some definite changes he needs to make…that he can make…lift those restrictions…raise the value of your currency…get rid of the UN restrictions…IMO.
______________________________________________________________
Kaperoni (Dinar Guru) – […wondering if Trump can push for currency reform.] Currency reform is a consequence of economic and banking reform. …the IMF has made it very clear the dinar will be floated and will rise as a result of the growth of the economy. There is no confusion, it is stated clearly…the Balassa-Samuelson effect. ”Balassa–Samuelson implies that countries with rapidly expanding economies should tend to have more rapidly appreciating exchange rates.” In other words Iraq’s dinar is directly related to the growth of the private sector/market economy.
______________________________________________________________
Kaperoni (Dinar Guru) – Article: “International Monetary Fund agrees to release contractors’ receivables” Quote: “The appearance of Mohammed Saleh that the second review of the credit agreement showed a clear understanding and success…This success is the understanding and agreement on the release of receivables of all contractors amounting to more than 4 trillion dinars once the Federal Audit Bureau announced the completion of audit contracts contractors, and we know the SAI is about to complete this process.” So the IMF is going to pay almost $4 billion dollars to unpaid contractors in Iraq. This is huge.
______________________________________________________________
Click this link to join the DU “private” FaceBook Group…
tman23 (Dinar Guru) –This week in Washington is the NATIONAL COALITION MEETING…THE FIRST WHERE ALL COUNTRIES WILL BE TOGETHER…68! …THIS IS ALL ABOUT IRAQ AND SYRIA AND SPECIFICALLY ISIS…
______________________________________________________________
Kaperoni (Dinar Guru) – Article: “Sabri: Iraq’s economy will rise over the next five years” ...this statement is in line with several of the CBI going back a few years that the deletion of zeros would take 4-5 years. Sounds to me like they expect a gradual appreciation of the currency as the economy grows. Anyone? Balassa-Samuelson effect…
______________________________________________________________
United Nations Secretary General: we hope to achieve a Government representing all communities in Iraq
United Nations Secretary General Antonio Gutiérrez, Wednesday, we hope to achieve a Government that represents all the components in Iraq.
He welcomed Guterres in his speech during the Arabic League Summit in Jordan, “progress in Mosul and Iraqi troops restored to lands of ISIS’s control.
tman23 (Dinar Guru) – …ABADI BEST COME BACK FROM WASHINGTON WITH AN ARSENAL OF GIFTS FOR THE CITIZENS… OTHERWISE/WITH ACCESS TO FUTURE INTERNATIONAL LOANS BEING LIMITED…TICK-TOCK…TICK TOCK.
______________________________________________________________
Kaperoni (Dinar Guru) – The IMF would never agree to accept Iraq into Article VIII if they cannot comply with the Article VIII requirements… That means they must show stability at 2% or less for 90 days prior to acceptance into Article VIII. I don’t see anyway around that. That being said, they could get off the peg without approval from the IMF.
______________________________________________________________
firefly (Dinar Guru) – Anybody that’s been in this investment for any period of time should know that a lot of negative news will pop it’s ugly head at the end. Just remember what Dr. Shabibi said at Jackson Hole back in 2011 when he was asked when he will do the currency adjustment. After thinking about the question for a bit of time he stated “AFTER MUCH MEDIA PROPAGANDA” This is not about us. Just be thankful we were given the opportunity to be a part of this investment. Timing is everything right now. One mistake in their calculations would be catastrophic. …the true rate will show on the CBI 1st.
______________________________________________________________
Abadi looking with two US firms electricity and airlines to develop
Economy News / Baghdad …Search Prime Minister Haidar al-Abbadi (who is visiting Washington for now), with two US firms to develop the electricity sector in Iraq and the Iraqi air lines.
firefly (Dinar Guru) – Historically all currency adjustments are made in the 1st quarter of the fiscal year. Kuwait and Zambia are good reference points. There is much going on behind the scenes that we are not aware of. I for one am extremely excited at where we sit today.
______________________________________________________________
Kaperoni (Dinar Guru) – Article: “Expert: Iraq is heading for a social market economy within the plan that will last until 2030” More importantly, currency reform must begin before they will ever have a market economy.
______________________________________________________________
Kaperoni (Dinar Guru) – Article: “Detection 3 “goals” Abadi seeks to achieve” Quote: “…three goals of Prime Minister Haider al-Abadi seeks to achieve with major countries (Germany, Britain, America), as he emphasized the lack of plans for more “lending”, attributing the reason to determine Iraq certain doors by donor countries…” To me, this says they better get to work..and soon… “there are no plans for further lending”.
______________________________________________________________
Deputy: Abadi visit to Washington made Iraq the Middle East equilibrium point
MP in parliament, Abdul Rahman Alloizi, on Thursday, Prime Minister Haider al-Abadi’s visit to Washington has created a kind of balance in the Middle East.
He Alloizi, L / balance News /, said that “al-Abadi’s visit to Washington came in the context, the fact that Iraq today is one of the closest allies of the United States.”
BGG (Dinar Guru) – Quote: “…Based on the preliminary findings of this mission, staff will prepare a report that, subject to management approval, will be presented to the IMF’s Executive Board for discussion and decision…” exactly what decisions do the IMF executive board have to make coming up? I mean – they only deal with one thing. INTERNATIONAL MONETARY FUND. […can the CBI make a move before the DC meetings?] the CBI can do whatever they want…if the IMF doesn’t give their blessing who are they gonna’ sell their currency to? without international acceptance – there is no market. [post 2 of 2]
______________________________________________________________
BGG (Dinar Guru) – Quote: “The Iraqi authorities and IMF staff started discussions on the second review of the SBA. These discussions will continue during the upcoming IMF and World Bank Spring Meetings from April 21–23, 2017 in Washington, DC.” This is saying these finalization talks were already started…and will resume – (at the latest) in D.C. Quote: “During the visit, the team met with the Acting Minister of Finance Prof. Abdulrazzaq A. Jaleel Essa, Acting Governor of the Central Bank of Iraq (CBI), Dr. Ali Mohsen Ismail Al-Allaq, the Financial Adviser to the Prime Minister Dr. Mudher Saleh, and officials from the ministries of finance, oil, planning, the State Oil Marketing Organization, the Central Statistical Office, the Central Bank of Iraq, and representatives from the Kurdistan Regional Government, and the Board of Supreme Audit. The team would like to thank the Iraqi authorities for their cooperation and the open and productive discussions.”Mohammed Saleh…he’s been in these big IMF “shindig” meetings from the 5th to the 17th… he’s excited. [post 1 of 2….stay tuned]
_____________________________________________________________
Kaperoni (Dinar Guru) – Article: “Detection 3 “goals” Abadi seeks to achieve” Quote: “…three goals of Prime Minister Haider al-Abadi seeks to achieve with major countries (Germany, Britain, America), as he emphasized the lack of plans for more “lending”, attributing the reason to determine Iraq certain doors by donor countries…” To me, this says they better get to work..and soon… “there are no plans for further lending”.
_____________________________________________________________
Revbo (Dinar Guru) – “Statement at the End of an IMF Mission on Iraq” Quote: “…repair the banking sector are needed to support private sector-led growth and diversification of the economy once post- ISIS reconstruction is underway.” [I really believe we will see currency reform begin soon after the country is rid of ISIL since it is so important to the success of a private sector/market economy.] If they don’t turn it loose shortly after Mosul is liberated, they will be wasting a golden opportunity and a ton of momentum for a growing economy and national reconciliation.
______________________________________________________________
Kaperoni (Dinar Guru) – “Statement at the End of an IMF Mission on Iraq” Quote: “…repair the banking sector are needed to support private sector-led growth and diversification of the economy once post- ISIS reconstruction is underway.” I really believe we will see currency reform begin soon after the country is rid of ISIL since it is so important to the success of a private sector/market economy.
______________________________________________________________
Revbo (Dinar Guru) – I don’t know if this means anything, but yesterday was the first time I’ve ever seen no street rate posted on the CBI’s auction page.
______________________________________________________________
Maliki’s wealth estimated at $40 bln: sources
Iraqi former PM Nouri al-Maliki’s wealth is estimated at $40 billion, informed sources told The Baghdad Post on Thursday.
The sources revealed the 67-year-old has made his wealth through manipulating the Iraqi Central Bank’s accounts as well as his suspicious projects inside and outside Iraq.
They also confirmed he took over the 2014 state budget without releasing concluding statements….
Oman / Hazem ovaries
Economists agree on the importance of economic issues at each of the Arab summit, in the hope of strengthening economic cooperation, increased integration and the establishment of joint industrial projects that generate employment and achieve Arab economic development, and contribute to the improvement of the Arab trade balance with the rest of the gatherings
Economic.
And increase joint inter-Arab trade volume, and the achievement of Arab economic and social development, especially since all countries in the region suffer from economic problems.
Abadi says he wants to keep an American force in Iraq
Issued Iraqi national reconciliation file and other crises in the region monarchs talks, Jordan’s Abdullah II and Morocco’s Mohammed VI, the Moroccan capital, Rabat.
He stressed the importance of the Arab summit will lead to the elaboration of a common Arab vision to address the crisis and deal with the challenges facing the region.
The talks focused on enhancing relations between Jordan and Morocco, and the situation in the Middle East.
Chattels (Dinar Guru)- Article: “Iraqi News reporting US troop level increases. “America sends more troops to Iraq” It will be interesting to look for commentary in the news from Sadr and others.
______________________________________________________________
Loop (Dinar Guru)- Article: “Iraqi command: western Mosul battle finished “on the military level” Quotes: “western Mosul is done on the military level”, adding that “what is left to do is to purge the remaining areas”. “The remaining Islamic State members in the western side of Mosul are “gangs remnants that are targeted accurately by security forces”. What he is saying is that what is left are gangs and not an organized resistance.
______________________________________________________________
Kaperoni (Dinar Guru)- Article: “Governmental directives to amend legislation in the transition to a free economy” Quote: “The government proceeding towards a free economy and stimulate the private sector and this trend is accompanied by procedural and legal amendments.” He added that ” the General Secretariat will spare no effort to support the upgrading of Iraq on the highest indicators according to the World Bank standards.” We will have to watch the agenda’s the next few weeks and see if parliament acts
______________________________________________________________
BGG (Dinar Guru)- [What are your thoughts on the new cbi logo?] Lots of changes going on at the CBI. Change is GOOD
______________________________________________________________
Loop (Dinar Guru) – Article: “Iraq’s economy is now on the way to recovery” Quotes: “The World Bank’s latest economic forecast expected Iraq to bounce back in 2016, growing at 7.2% in that year and continuing at around 5% in the next few years…With the security situation now improving, and the oil price on the rise – the indicators are moving in the right direction for Iraq’s economy.” UK MP from Scotland telling a group of Scottish companies that now it the time to invest in Iraq to make huge profits in the future. She is saying the the greatest opportunity to profit from the investment is prior to their ascension into the WTO. So once again we see someone from outside of Iraq pointing out what we have known for a long time. IRAQ’S ECONOMIC POTENTIAL IS HUGE AND THEY ARE GETTING THEIR ACT TOGETHER TO REALIZE THAT.
______________________________________________________________
Frank26 (Dinar Guru) – IN MY STRONG OPINION…the MR has been going on inside of Iraq for quite awhile ago. We’ve shown you many articles of how this is possible. Infancy is NOT the starting of the MR…it is in the stage that it is in right now… WALKING…taking it’s BABY STEPS…and soon…it will start WALKING VERY FAST! The speed will pick up just like we told you. BRILLIANT CALCULATED STEPS by Abadi and Trump! The East is done is Mosul…and 95% done on the West side of Mosul. Abadi said …I will announce to the world that Mosul is liberated at the Arab Summit. Abadi is under the US control…not like a puppet …we are a TEAM …Abadi is a TEAM PLAYER…and when he returns back to Iraq…GAMES ON!
BGG (Dinar Guru) – [Would changing the rate of the Dinar have any affect on their rampant corruption issues?] Just the opposite…them dealing with their corruption issues will help the world accept a higher rate for the Dinar. I am positive this is one of the items the IMF will be discussing shortly.
______________________________________________________________
________________________________________________________ Kaperoni (Dinar Guru) – Article: “Iraq on the brink of an ambitious program looming…” I am encouraged that we will see the beginnings of currency reform within the next few months. We can hope anyway.
______________________________________________________________
Loop (Dinar Guru) – [Would changing the rate of the Dinar have any affect on their rampant corruption issues?] IMO…They have a good handle on the corruption going on in the banking sector. While they still have work to do on this front they have systems in place to catch the crooks. So I do not see it has stopping them from a rate change at this point.
______________________________________________________________
Adam Montana (Dinar Guru) – There’s one name in particular that I’m happy to see in the news: Abadi. Anyone who’s been in this for more than a couple years has seen the amazing progress that’s come about since Maliki got the boot and Abadi came stomping in with the big boy pants on! The GOI was revamped, decluttered, and streamlined. Parliament picked up the pace and got a lot of things done that were simply not happening under the previous administration, and now: 1. Abadi confirms he’s planning on running for a second term. I see this as a shoe-in, no-brainer, it will happen, DONE. (Yes, we are going to hear some noise from the Maliki Camp, I say…ignore it). 2. Abadi is working hard towards full IMF and basically global support, and the fruits are coming. [post 1 of 2….stay tuned]
____________________________________________________________
Follow us on twitter @DinarUpdates !!
Dinar Updates – “NEWS TIME” w/MadDScout & Facebook Crew – March 30th 7:30pm CST – In the DU CHAT Room!!
Adam Montana (Dinar Guru) – 3. “This week on Fox News Sunday: Haider al-Abadi, Prime Minister of Iraq, in an exclusive interview.” Get your popcorn out! Abadi on with Chris Wallace this weekend. Don’t expect a huge announcement from Abadi on the RV…this is just more proof that Iraq and the PTB are not going to stay where they are. The country is poised to make a leap, and we’re watching! Another thing I am paying close attention to in the news is Saudi Arabia… there is a LOT going on with that country right now. It’s a very complex situation, but the direction is tremendously good for us and for Iraq’s future as a very powerful and wealthy country. That might be one of the reasons why Saudi Arabia is taking these steps: “Saudi Arabia plans to cancel previous debt on Iraq” Bottom line…this is happening fast, and we’re just here for the ride. [post 2
of 2]
______________________________________________________________
MadDScout (Dinar Guru) – I know Abadi had a busy day today [Tuesday]. Abadi today met with : President Trump, V.President Pence, Secretary of State Rex Tillerson, Speaker of the House Paul Ryan and members of Congress, US Trade secretary Wilbur Ross, US Chamber of Commerce, along with delegations from GE and Boeing among others.This is a very good feel of how the new US President is working in a positive way with Iraq. [post 1 of 2….stay tuned]
______________________________________________________________
MadDScout (Dinar Guru) –Article: “Abadi discusses with US Trade Secretary lifting obstacles to investment companies” Quote: “Prime Minister Haider al-Abadi, during his visit to the United States, discussed with US Commerce Secretary Wilbur Ross the promotion of trade cooperation between the two countries.” This was a very good meeting from reports. I can not remember a one day event that produced so much positive for all sectors. It was like Abadi ran the table today. LOL …was a very positive day for us investors and for Iraq as a whole. [post 2 of 2]
______________________________________________________________
Backdoc (Dinar Guru) …THE TWO SHIA BROTHERS (iraq and Iran) HAVE BEEN DELAYED IN THEIR NEW INTERNATIONAL PAYMENT SYSTEMS BUT THAT WILL COME TO AN END SOON. IT APPEARS THE TWO SHIA BROTHERS HAVE HAD A SIMILAR DELAY? …BASED ON THE ADDITIONAL ARTICLES THAT I HAVE STUDIED, I BELIEVE ALL IS ON TRACK FOR BOTH SHIA BROTHERS.
______________________________________________________________ Electricity: the privatization of the energy will liberate citizens from private generators expenses
Ministry confirmed the electricity, that electricity investment project (the privatization of energy) will free citizen of the restrictions and expenses of amperage, generators and all the suffering of attrition.
Backdoc (Dinar Guru) Article: “Keywords announce start implementing the e-government project” VERY INTERESTING…WE GO FROM IMPLEMENTING THE DIGITAL E- DINAR ON FEBRUARY 8TH TO NOW GOING DIGITAL FOR GOVT. FUNCTIONS! YES, THE DIGITAL BLOCKCHAIN ADDS BETTER SECURITY, SPEED, AND EFFICIENCY! THIS WILL HELP PUT A HURT ON CORRUPTION!
______________________________________________________________
Adam Montana (Dinar Guru) – You’re probably also seeing a lot of positive news regarding ISIS, Mosul, etc on the “tube”. Or at least, you aren’t seeing so many negative news stories… and you know why that is, don’t you? It’s very simple – the media isn’t making a big deal about Iraq anymore because things are going REALLY GOOD, and those aren’t the stories that sell ads! …there is a LOT of progress happening right now with oil, agreements, and security. These are exactly what we want to see! We are getting to a point in this Iraqi Dinar situation that has me excited again, finally, and it’s been a long time since I felt this upbeat about the Dinar. We’ve been going in the “right way” for a long time, but now we are on a STRONG path to victory!
______________________________________________________________
Kaperoni (Dinar Guru) – Article quote: “in addition to the reform of the banking sector to support growth led by the private sector before starting the process of reconstructionin post – Daesh.” This seems to imply the banking sector reform is just around the corner…
______________________________________________________________
Tourism’s “economy News”: Iraqi antiquities need to pause
Economy News / special It demanded Tourism and Antiquities Authority necessity that there be a serious stand of Iraqi antiquities and make it an important tributary of the Iraqi tourism.
The general director of the tourist facilities in the Authority, Mahmoud al-Zubaidi (News of the economy), that Iraq holds a history spanning prehistoric and presence only gives economic footprint, pointing out that there is a move away from the development of tourism, particularly with regard to the Iraqi antiquities.
Aggiedad77 (Dinar Guru) – Article: “Iraq looking to raise obstacles to the entry of US companies to invest” IMO when Abadi talks here about “raising obstacles” he’s referring to a lessening of red tape for American companies and also a HUGE reduction in corruption issues that have kept many companies away in the past…He’s smiling because he knows who will pave the way for the success of his government as well as his country…and it will not be Iran…He’s got a new buddy in President Donald Trump and his administration…IMO look for Trump to be paying Iraq a visit this year…Frank [Guru Frank26] said that issues with investors has to do with Iraq’s restrictions on capital movement…as well as UN sanctions not being lifted, thus causing countries and investors to not want to go against the UN…Abadi has some definite changes he needs to make…that he can make…lift those restrictions…raise the value of your currency…get rid of the UN restrictions…IMO.
______________________________________________________________
Kaperoni (Dinar Guru) – […wondering if Trump can push for currency reform.] Currency reform is a consequence of economic and banking reform. …the IMF has made it very clear the dinar will be floated and will rise as a result of the growth of the economy. There is no confusion, it is stated clearly…the Balassa-Samuelson effect. ”Balassa–Samuelson implies that countries with rapidly expanding economies should tend to have more rapidly appreciating exchange rates.” In other words Iraq’s dinar is directly related to the growth of the private sector/market economy.
______________________________________________________________
Kaperoni (Dinar Guru) – Article: “International Monetary Fund agrees to release contractors’ receivables” Quote: “The appearance of Mohammed Saleh that the second review of the credit agreement showed a clear understanding and success…This success is the understanding and agreement on the release of receivables of all contractors amounting to more than 4 trillion dinars once the Federal Audit Bureau announced the completion of audit contracts contractors, and we know the SAI is about to complete this process.” So the IMF is going to pay almost $4 billion dollars to unpaid contractors in Iraq. This is huge.
______________________________________________________________
Click this link to join the DU “private” FaceBook Group…
tman23 (Dinar Guru) –This week in Washington is the NATIONAL COALITION MEETING…THE FIRST WHERE ALL COUNTRIES WILL BE TOGETHER…68! …THIS IS ALL ABOUT IRAQ AND SYRIA AND SPECIFICALLY ISIS…
______________________________________________________________
Kaperoni (Dinar Guru) – Article: “Sabri: Iraq’s economy will rise over the next five years” ...this statement is in line with several of the CBI going back a few years that the deletion of zeros would take 4-5 years. Sounds to me like they expect a gradual appreciation of the currency as the economy grows. Anyone? Balassa-Samuelson effect…
______________________________________________________________
United Nations Secretary General: we hope to achieve a Government representing all communities in Iraq
United Nations Secretary General Antonio Gutiérrez, Wednesday, we hope to achieve a Government that represents all the components in Iraq.
He welcomed Guterres in his speech during the Arabic League Summit in Jordan, “progress in Mosul and Iraqi troops restored to lands of ISIS’s control.
tman23 (Dinar Guru) – …ABADI BEST COME BACK FROM WASHINGTON WITH AN ARSENAL OF GIFTS FOR THE CITIZENS… OTHERWISE/WITH ACCESS TO FUTURE INTERNATIONAL LOANS BEING LIMITED…TICK-TOCK…TICK TOCK.
______________________________________________________________
Kaperoni (Dinar Guru) – The IMF would never agree to accept Iraq into Article VIII if they cannot comply with the Article VIII requirements… That means they must show stability at 2% or less for 90 days prior to acceptance into Article VIII. I don’t see anyway around that. That being said, they could get off the peg without approval from the IMF.
______________________________________________________________
firefly (Dinar Guru) – Anybody that’s been in this investment for any period of time should know that a lot of negative news will pop it’s ugly head at the end. Just remember what Dr. Shabibi said at Jackson Hole back in 2011 when he was asked when he will do the currency adjustment. After thinking about the question for a bit of time he stated “AFTER MUCH MEDIA PROPAGANDA” This is not about us. Just be thankful we were given the opportunity to be a part of this investment. Timing is everything right now. One mistake in their calculations would be catastrophic. …the true rate will show on the CBI 1st.
______________________________________________________________
Abadi looking with two US firms electricity and airlines to develop
Economy News / Baghdad …Search Prime Minister Haidar al-Abbadi (who is visiting Washington for now), with two US firms to develop the electricity sector in Iraq and the Iraqi air lines.
firefly (Dinar Guru) – Historically all currency adjustments are made in the 1st quarter of the fiscal year. Kuwait and Zambia are good reference points. There is much going on behind the scenes that we are not aware of. I for one am extremely excited at where we sit today.
______________________________________________________________
Kaperoni (Dinar Guru) – Article: “Expert: Iraq is heading for a social market economy within the plan that will last until 2030” More importantly, currency reform must begin before they will ever have a market economy.
______________________________________________________________
Kaperoni (Dinar Guru) – Article: “Detection 3 “goals” Abadi seeks to achieve” Quote: “…three goals of Prime Minister Haider al-Abadi seeks to achieve with major countries (Germany, Britain, America), as he emphasized the lack of plans for more “lending”, attributing the reason to determine Iraq certain doors by donor countries…” To me, this says they better get to work..and soon… “there are no plans for further lending”.
______________________________________________________________
Deputy: Abadi visit to Washington made Iraq the Middle East equilibrium point
MP in parliament, Abdul Rahman Alloizi, on Thursday, Prime Minister Haider al-Abadi’s visit to Washington has created a kind of balance in the Middle East.
He Alloizi, L / balance News /, said that “al-Abadi’s visit to Washington came in the context, the fact that Iraq today is one of the closest allies of the United States.”
BGG (Dinar Guru) – Quote: “…Based on the preliminary findings of this mission, staff will prepare a report that, subject to management approval, will be presented to the IMF’s Executive Board for discussion and decision…” exactly what decisions do the IMF executive board have to make coming up? I mean – they only deal with one thing. INTERNATIONAL MONETARY FUND. […can the CBI make a move before the DC meetings?] the CBI can do whatever they want…if the IMF doesn’t give their blessing who are they gonna’ sell their currency to? without international acceptance – there is no market. [post 2 of 2]
______________________________________________________________
BGG (Dinar Guru) – Quote: “The Iraqi authorities and IMF staff started discussions on the second review of the SBA. These discussions will continue during the upcoming IMF and World Bank Spring Meetings from April 21–23, 2017 in Washington, DC.” This is saying these finalization talks were already started…and will resume – (at the latest) in D.C. Quote: “During the visit, the team met with the Acting Minister of Finance Prof. Abdulrazzaq A. Jaleel Essa, Acting Governor of the Central Bank of Iraq (CBI), Dr. Ali Mohsen Ismail Al-Allaq, the Financial Adviser to the Prime Minister Dr. Mudher Saleh, and officials from the ministries of finance, oil, planning, the State Oil Marketing Organization, the Central Statistical Office, the Central Bank of Iraq, and representatives from the Kurdistan Regional Government, and the Board of Supreme Audit. The team would like to thank the Iraqi authorities for their cooperation and the open and productive discussions.”Mohammed Saleh…he’s been in these big IMF “shindig” meetings from the 5th to the 17th… he’s excited. [post 1 of 2….stay tuned]
_____________________________________________________________
Kaperoni (Dinar Guru) – Article: “Detection 3 “goals” Abadi seeks to achieve” Quote: “…three goals of Prime Minister Haider al-Abadi seeks to achieve with major countries (Germany, Britain, America), as he emphasized the lack of plans for more “lending”, attributing the reason to determine Iraq certain doors by donor countries…” To me, this says they better get to work..and soon… “there are no plans for further lending”.
_____________________________________________________________
Revbo (Dinar Guru) – “Statement at the End of an IMF Mission on Iraq” Quote: “…repair the banking sector are needed to support private sector-led growth and diversification of the economy once post- ISIS reconstruction is underway.” [I really believe we will see currency reform begin soon after the country is rid of ISIL since it is so important to the success of a private sector/market economy.] If they don’t turn it loose shortly after Mosul is liberated, they will be wasting a golden opportunity and a ton of momentum for a growing economy and national reconciliation.
______________________________________________________________
Kaperoni (Dinar Guru) – “Statement at the End of an IMF Mission on Iraq” Quote: “…repair the banking sector are needed to support private sector-led growth and diversification of the economy once post- ISIS reconstruction is underway.” I really believe we will see currency reform begin soon after the country is rid of ISIL since it is so important to the success of a private sector/market economy.
______________________________________________________________
Revbo (Dinar Guru) – I don’t know if this means anything, but yesterday was the first time I’ve ever seen no street rate posted on the CBI’s auction page.
______________________________________________________________
Maliki’s wealth estimated at $40 bln: sources
Iraqi former PM Nouri al-Maliki’s wealth is estimated at $40 billion, informed sources told The Baghdad Post on Thursday.
The sources revealed the 67-year-old has made his wealth through manipulating the Iraqi Central Bank’s accounts as well as his suspicious projects inside and outside Iraq.
They also confirmed he took over the 2014 state budget without releasing concluding statements….
Abadi says he wants to keep an American force in Iraq
Issued Iraqi national reconciliation file and other crises in the region monarchs talks, Jordan’s Abdullah II and Morocco’s Mohammed VI, the Moroccan capital, Rabat.
He stressed the importance of the Arab summit will lead to the elaboration of a common Arab vision to address the crisis and deal with the challenges facing the region.
The talks focused on enhancing relations between Jordan and Morocco, and the situation in the Middle East.
loop (Dinar Guru)- Article: “Iraqi command: western Mosul battle finished “on the military level” Quotes: “western Mosul is done on the military level”, adding that “what is left to do is to purge the remaining areas”. “The remaining Islamic State members in the western side of Mosul are “gangs remnants that are targeted accurately by security forces”. What he is saying is that what is left are gangs and not an organized resistance.
______________________________________________________________
Kaperoni (Dinar Guru)- Article: “Governmental directives to amend legislation in the transition to a free economy” Quote: “The government proceeding towards a free economy and stimulate the private sector and this trend is accompanied by procedural and legal amendments.” He added that ” the General Secretariat will spare no effort to support the upgrading of Iraq on the highest indicators according to the World Bank standards.” We will have to watch the agenda’s the next few weeks and see if parliament acts
______________________________________________________________
BGG (Dinar Guru)- [What are your thoughts on the new cbi logo?] Lots of changes going on at the CBI. Change is GOOD
______________________________________________________________
loop (Dinar Guru) – Article: “Iraq’s economy is now on the way to recovery” Quotes: “The World Bank’s latest economic forecast expected Iraq to bounce back in 2016, growing at 7.2% in that year and continuing at around 5% in the next few years…With the security situation now improving, and the oil price on the rise – the indicators are moving in the right direction for Iraq’s economy.” UK MP from Scotland telling a group of Scottish companies that now it the time to invest in Iraq to make huge profits in the future. She is saying the the greatest opportunity to profit from the investment is prior to their ascension into the WTO. So once again we see someone from outside of Iraq pointing out what we have known for a long time. IRAQ’S ECONOMIC POTENTIAL IS HUGE AND THEY ARE GETTING THEIR ACT TOGETHER TO REALIZE THAT.
______________________________________________________________
Frank26 (Dinar Guru) – IN MY STRONG OPINION…the MR has been going on inside of Iraq for quite awhile ago. We’ve shown you many articles of how this is possible. Infancy is NOT the starting of the MR…it is in the stage that it is in right now… WALKING…taking it’s BABY STEPS…and soon…it will start WALKING VERY FAST! The speed will pick up just like we told you. BRILLIANT CALCULATED STEPS by Abadi and Trump! The East is done is Mosul…and 95% done on the West side of Mosul. Abadi said …I will announce to the world that Mosul is liberated at the Arab Summit. Abadi is under the US control…not like a puppet …we are a TEAM …Abadi is a TEAM PLAYER…and when he returns back to Iraq…GAMES ON!
BGG (Dinar Guru) – [Would changing the rate of the Dinar have any affect on their rampant corruption issues?] Just the opposite…them dealing with their corruption issues will help the world accept a higher rate for the Dinar. I am positive this is one of the items the IMF will be discussing shortly.
______________________________________________________________
Kaperoni (Dinar Guru) – Article: “Iraq on the brink of an ambitious program looming…” I am encouraged that we will see the beginnings of currency reform within the next few months. We can hope anyway.
______________________________________________________________
loop (Dinar Guru) – [Would changing the rate of the Dinar have any affect on their rampant corruption issues?] IMO…They have a good handle on the corruption going on in the banking sector. While they still have work to do on this front they have systems in place to catch the crooks. So I do not see it has stopping them from a rate change at this point.
______________________________________________________________
Adam Montana (Dinar Guru) – There’s one name in particular that I’m happy to see in the news: Abadi. Anyone who’s been in this for more than a couple years has seen the amazing progress that’s come about since Maliki got the boot and Abadi came stomping in with the big boy pants on! The GOI was revamped, decluttered, and streamlined. Parliament picked up the pace and got a lot of things done that were simply not happening under the previous administration, and now: 1. Abadi confirms he’s planning on running for a second term. I see this as a shoe-in, no-brainer, it will happen, DONE. (Yes, we are going to hear some noise from the Maliki Camp, I say…ignore it). 2. Abadi is working hard towards full IMF and basically global support, and the fruits are coming. [post 1 of 2….stay tuned]
____________________________________________________________
Follow us on twitter @DinarUpdates !!
Dinar Updates – “NEWS TIME” w/MadDScout & Facebook Crew – March 30th 7:30pm CST – In the DU CHAT Room!!
Adam Montana (Dinar Guru) – 3. “This week on Fox News Sunday: Haider al-Abadi, Prime Minister of Iraq, in an exclusive interview.” Get your popcorn out! Abadi on with Chris Wallace this weekend. Don’t expect a huge announcement from Abadi on the RV…this is just more proof that Iraq and the PTB are not going to stay where they are. The country is poised to make a leap, and we’re watching! Another thing I am paying close attention to in the news is Saudi Arabia… there is a LOT going on with that country right now. It’s a very complex situation, but the direction is tremendously good for us and for Iraq’s future as a very powerful and wealthy country. That might be one of the reasons why Saudi Arabia is taking these steps: “Saudi Arabia plans to cancel previous debt on Iraq” Bottom line…this is happening fast, and we’re just here for the ride. [post 2
of 2]
______________________________________________________________
MadDScout (Dinar Guru) – I know Abadi had a busy day today [Tuesday]. Abadi today met with : President Trump, V.President Pence, Secretary of State Rex Tillerson, Speaker of the House Paul Ryan and members of Congress, US Trade secretary Wilbur Ross, US Chamber of Commerce, along with delegations from GE and Boeing among others.This is a very good feel of how the new US President is working in a positive way with Iraq. [post 1 of 2….stay tuned]
______________________________________________________________
MadDScout (Dinar Guru) –Article: “Abadi discusses with US Trade Secretary lifting obstacles to investment companies” Quote: “Prime Minister Haider al-Abadi, during his visit to the United States, discussed with US Commerce Secretary Wilbur Ross the promotion of trade cooperation between the two countries.” This was a very good meeting from reports. I can not remember a one day event that produced so much positive for all sectors. It was like Abadi ran the table today. LOL …was a very positive day for us investors and for Iraq as a whole. [post 2 of 2]
______________________________________________________________
Backdoc (Dinar Guru) …THE TWO SHIA BROTHERS (iraq and Iran) HAVE BEEN DELAYED IN THEIR NEW INTERNATIONAL PAYMENT SYSTEMS BUT THAT WILL COME TO AN END SOON. IT APPEARS THE TWO SHIA BROTHERS HAVE HAD A SIMILAR DELAY? …BASED ON THE ADDITIONAL ARTICLES THAT I HAVE STUDIED, I BELIEVE ALL IS ON TRACK FOR BOTH SHIA BROTHERS.
______________________________________________________________ Electricity: the privatization of the energy will liberate citizens from private generators expenses
Ministry confirmed the electricity, that electricity investment project (the privatization of energy) will free citizen of the restrictions and expenses of amperage, generators and all the suffering of attrition.
Backdoc (Dinar Guru) Article: “Keywords announce start implementing the e-government project” VERY INTERESTING…WE GO FROM IMPLEMENTING THE DIGITAL E- DINAR ON FEBRUARY 8TH TO NOW GOING DIGITAL FOR GOVT. FUNCTIONS! YES, THE DIGITAL BLOCKCHAIN ADDS BETTER SECURITY, SPEED, AND EFFICIENCY! THIS WILL HELP PUT A HURT ON CORRUPTION!
______________________________________________________________
Adam Montana (Dinar Guru) – You’re probably also seeing a lot of positive news regarding ISIS, Mosul, etc on the “tube”. Or at least, you aren’t seeing so many negative news stories… and you know why that is, don’t you? It’s very simple – the media isn’t making a big deal about Iraq anymore because things are going REALLY GOOD, and those aren’t the stories that sell ads! …there is a LOT of progress happening right now with oil, agreements, and security. These are exactly what we want to see! We are getting to a point in this Iraqi Dinar situation that has me excited again, finally, and it’s been a long time since I felt this upbeat about the Dinar. We’ve been going in the “right way” for a long time, but now we are on a STRONG path to victory!
______________________________________________________________
Kaperoni (Dinar Guru) – Article quote: “in addition to the reform of the banking sector to support growth led by the private sector before starting the process of reconstructionin post – Daesh.” This seems to imply the banking sector reform is just around the corner…
______________________________________________________________
Keywords: government moving towards a free economy and activating the private sector
Economy News / Baghdad …Secretary General of the Council of Ministers Mahdi Keywords, said on Thursday that the government is moving towards a free economy and activating the private sector.
According to a statement of the secretariat seen by “Economy News”, that “Keywords keep getting the World Bank delegation headed by Mohammed Hassan Abdel Qader Chairman of the Group to improve the Bank in Iraq’s business environment, and during the meeting, offer a range of topics pertaining to the Iraqi economy and the environment of investment and the location of Iraq compared to global indices for the economy and business. “…
Aggiedad77 (Dinar Guru) – Article: “Iraq looking to raise obstacles to the entry of US companies to invest” IMO when Abadi talks here about “raising obstacles” he’s referring to a lessening of red tape for American companies and also a HUGE reduction in corruption issues that have kept many companies away in the past…He’s smiling because he knows who will pave the way for the success of his government as well as his country…and it will not be Iran…He’s got a new buddy in President Donald Trump and his administration…IMO look for Trump to be paying Iraq a visit this year…Frank [Guru Frank26] said that issues with investors has to do with Iraq’s restrictions on capital movement…as well as UN sanctions not being lifted, thus causing countries and investors to not want to go against the UN…Abadi has some definite changes he needs to make…that he can make…lift those restrictions…raise the value of your currency…get rid of the UN restrictions…IMO.
______________________________________________________________
Kaperoni (Dinar Guru) – […wondering if Trump can push for currency reform.] Currency reform is a consequence of economic and banking reform. …the IMF has made it very clear the dinar will be floated and will rise as a result of the growth of the economy. There is no confusion, it is stated clearly…the Balassa-Samuelson effect. ”Balassa–Samuelson implies that countries with rapidly expanding economies should tend to have more rapidly appreciating exchange rates.” In other words Iraq’s dinar is directly related to the growth of the private sector/market economy.
______________________________________________________________
Kaperoni (Dinar Guru) – Article: “International Monetary Fund agrees to release contractors’ receivables” Quote: “The appearance of Mohammed Saleh that the second review of the credit agreement showed a clear understanding and success…This success is the understanding and agreement on the release of receivables of all contractors amounting to more than 4 trillion dinars once the Federal Audit Bureau announced the completion of audit contracts contractors, and we know the SAI is about to complete this process.” So the IMF is going to pay almost $4 billion dollars to unpaid contractors in Iraq. This is huge.
______________________________________________________________
Click this link to join the DU “private” FaceBook Group…
tman23 (Dinar Guru) –This week in Washington is the NATIONAL COALITION MEETING…THE FIRST WHERE ALL COUNTRIES WILL BE TOGETHER…68! …THIS IS ALL ABOUT IRAQ AND SYRIA AND SPECIFICALLY ISIS…
______________________________________________________________
Kaperoni (Dinar Guru) – Article: “Sabri: Iraq’s economy will rise over the next five years” ...this statement is in line with several of the CBI going back a few years that the deletion of zeros would take 4-5 years. Sounds to me like they expect a gradual appreciation of the currency as the economy grows. Anyone? Balassa-Samuelson effect…
______________________________________________________________
Abadi in front of reform .. Umm change?
With the approaching announcement of the end of the battle in Iraq with an urgent ending, there is a regional movement offset by the mobility of the politicians of Iraq with them, but within teams distributed here and there and new programs in the changing policy according to events, we will see new players on the scene, and others waiting for their fate between the withdrawal or withdrawal,
The American president is clear in his statements and not as his predecessor, Obama, and the Turkish situation of concern with the European Union, which seems to be moving away from the dream of joining after the stifling of positions, and what is happening, will affect negatively or positively…
tman23 (Dinar Guru) – …ABADI BEST COME BACK FROM WASHINGTON WITH AN ARSENAL OF GIFTS FOR THE CITIZENS… OTHERWISE/WITH ACCESS TO FUTURE INTERNATIONAL LOANS BEING LIMITED…TICK-TOCK…TICK TOCK.
______________________________________________________________
Kaperoni (Dinar Guru) – The IMF would never agree to accept Iraq into Article VIII if they cannot comply with the Article VIII requirements… That means they must show stability at 2% or less for 90 days prior to acceptance into Article VIII. I don’t see anyway around that. That being said, they could get off the peg without approval from the IMF.
______________________________________________________________
firefly (Dinar Guru) – Anybody that’s been in this investment for any period of time should know that a lot of negative news will pop it’s ugly head at the end. Just remember what Dr. Shabibi said at Jackson Hole back in 2011 when he was asked when he will do the currency adjustment. After thinking about the question for a bit of time he stated “AFTER MUCH MEDIA PROPAGANDA” This is not about us. Just be thankful we were given the opportunity to be a part of this investment. Timing is everything right now. One mistake in their calculations would be catastrophic. …the true rate will show on the CBI 1st.
______________________________________________________________
Abadi looking with two US firms electricity and airlines to develop
Economy News / Baghdad …Search Prime Minister Haidar al-Abbadi (who is visiting Washington for now), with two US firms to develop the electricity sector in Iraq and the Iraqi air lines.
firefly (Dinar Guru) – Historically all currency adjustments are made in the 1st quarter of the fiscal year. Kuwait and Zambia are good reference points. There is much going on behind the scenes that we are not aware of. I for one am extremely excited at where we sit today.
______________________________________________________________
Kaperoni (Dinar Guru) – Article: “Expert: Iraq is heading for a social market economy within the plan that will last until 2030” More importantly, currency reform must begin before they will ever have a market economy.
______________________________________________________________
Kaperoni (Dinar Guru) – Article: “Detection 3 “goals” Abadi seeks to achieve” Quote: “…three goals of Prime Minister Haider al-Abadi seeks to achieve with major countries (Germany, Britain, America), as he emphasized the lack of plans for more “lending”, attributing the reason to determine Iraq certain doors by donor countries…” To me, this says they better get to work..and soon… “there are no plans for further lending”.
______________________________________________________________
Deputy: Abadi visit to Washington made Iraq the Middle East equilibrium point
MP in parliament, Abdul Rahman Alloizi, on Thursday, Prime Minister Haider al-Abadi’s visit to Washington has created a kind of balance in the Middle East.
He Alloizi, L / balance News /, said that “al-Abadi’s visit to Washington came in the context, the fact that Iraq today is one of the closest allies of the United States.”
BGG (Dinar Guru) – Quote: “…Based on the preliminary findings of this mission, staff will prepare a report that, subject to management approval, will be presented to the IMF’s Executive Board for discussion and decision…” exactly what decisions do the IMF executive board have to make coming up? I mean – they only deal with one thing. INTERNATIONAL MONETARY FUND. […can the CBI make a move before the DC meetings?] the CBI can do whatever they want…if the IMF doesn’t give their blessing who are they gonna’ sell their currency to? without international acceptance – there is no market. [post 2 of 2]
______________________________________________________________
BGG (Dinar Guru) – Quote: “The Iraqi authorities and IMF staff started discussions on the second review of the SBA. These discussions will continue during the upcoming IMF and World Bank Spring Meetings from April 21–23, 2017 in Washington, DC.” This is saying these finalization talks were already started…and will resume – (at the latest) in D.C. Quote: “During the visit, the team met with the Acting Minister of Finance Prof. Abdulrazzaq A. Jaleel Essa, Acting Governor of the Central Bank of Iraq (CBI), Dr. Ali Mohsen Ismail Al-Allaq, the Financial Adviser to the Prime Minister Dr. Mudher Saleh, and officials from the ministries of finance, oil, planning, the State Oil Marketing Organization, the Central Statistical Office, the Central Bank of Iraq, and representatives from the Kurdistan Regional Government, and the Board of Supreme Audit. The team would like to thank the Iraqi authorities for their cooperation and the open and productive discussions.”Mohammed Saleh…he’s been in these big IMF “shindig” meetings from the 5th to the 17th… he’s excited. [post 1 of 2….stay tuned]
_____________________________________________________________
Kaperoni (Dinar Guru) – Article: “Detection 3 “goals” Abadi seeks to achieve” Quote: “…three goals of Prime Minister Haider al-Abadi seeks to achieve with major countries (Germany, Britain, America), as he emphasized the lack of plans for more “lending”, attributing the reason to determine Iraq certain doors by donor countries…” To me, this says they better get to work..and soon… “there are no plans for further lending”.
_____________________________________________________________
Revbo (Dinar Guru) – “Statement at the End of an IMF Mission on Iraq” Quote: “…repair the banking sector are needed to support private sector-led growth and diversification of the economy once post- ISIS reconstruction is underway.” [I really believe we will see currency reform begin soon after the country is rid of ISIL since it is so important to the success of a private sector/market economy.] If they don’t turn it loose shortly after Mosul is liberated, they will be wasting a golden opportunity and a ton of momentum for a growing economy and national reconciliation.
______________________________________________________________
Kaperoni (Dinar Guru) – “Statement at the End of an IMF Mission on Iraq” Quote: “…repair the banking sector are needed to support private sector-led growth and diversification of the economy once post- ISIS reconstruction is underway.” I really believe we will see currency reform begin soon after the country is rid of ISIL since it is so important to the success of a private sector/market economy.
______________________________________________________________
Revbo (Dinar Guru) – I don’t know if this means anything, but yesterday was the first time I’ve ever seen no street rate posted on the CBI’s auction page.
______________________________________________________________
Maliki’s wealth estimated at $40 bln: sources
Iraqi former PM Nouri al-Maliki’s wealth is estimated at $40 billion, informed sources told The Baghdad Post on Thursday.
The sources revealed the 67-year-old has made his wealth through manipulating the Iraqi Central Bank’s accounts as well as his suspicious projects inside and outside Iraq.
They also confirmed he took over the 2014 state budget without releasing concluding statements….
IBBC NEWS: Ms Tasmina Ahmed Sheikh MP, Trade and Investment spokesperson for SNP, gives Keynote Speech to members at IBBC Council Meeting Dinner: “Huge potential for growth in Iraq”.
Thank you very much for that warm welcome, and the invitation to speak to you all this evening.
If it wasn’t already challenging enough to address such a senior and knowledgeable audience, I was delighted to hear that I’d be introduced by my friend and fellow Member of Parliament, Mr Salmond. Who wouldn’t feel overjoyed to give a speech to so many representatives from major oil companies in front of the man who created the Royal Bank/BBC oil index during his time as Chief Economist for the Royal Bank of Scotland? At least we can all console ourselves that this career achievement, which is still running today, was set up by the Rt. Hon Member for Gordon 34 years ago. He must have been some child prodigy..
I’ve been asked to touch on three issues with you this evening:
How to persuade the under-utilised Scottish oil, gas and engineering sector to bring their expertise and trade to Iraq.
To give my “speculative thoughts” on a second Scottish referendum and EU situation?
And finally, how to get more Women in business
I have to say that my thoughts on our constitutional situation are less speculative today than they were yesterday morning, but I’ll come to that in a moment.
Loop (Dinar Guru)Article: “UK MP: “Huge potential for growth in Iraq” Quote:“Although Iraq is not yet a member of the WTO, which has its own short-term challenges, its eventual accession will enhance structural and Iraq’s reintegration into the multilateral trading system. The organisations who gain most from engaging with this emerging market will be those which have a stronger base to build from when Iraq’s WTO status is confirmed.” Here is a speech from a UK MP from Scotland addressing…advantages of investing in Iraq before they become full members of the WTO. ________________________________________________________
BGG (Dinar Guru)Ok – big news. Abadi did this interview with Chris Wallace on Fox News Sunday…there were a couple of real humdingers that stuck out to me…but first…go back a few months – we really thought the early, early part of this year was a good window – why? Because Abadi and Alak SAID SO…we typically follow their news…long story short – we had every reason to believe we were (and still are) in the end phases of this thing. Because of their own comments. [post 1 of 2….stay tuned] ________________________________________________________
BGG (Dinar Guru) Here’s what happened – hind sight…Abadi and Alak were “forecasting” what the near future looked like based on what they feel like the progress will be and what “markers” the international community has laid out for them. While we are fairly convinced Mosul is some kind of primary issue – according to Abadi in this interview – he predicted a full military defeat of ISIS in weeks – NOT MONTHS. Very SOON were his exact words. Wallace said “months”? Abadi said “WEEKS”!! That – my friends… is BIG NEWS. [post 2 of 2] ________________________________________________________
______________________________________________________________ Frank26 (Dinar Guru) – IN MY STRONG OPINION…the MR has been going on inside of Iraq for quite awhile ago. We’ve shown you many articles of how this is possible. Infancy is NOT the starting of the MR…it is in the stage that it is in right now… WALKING…taking it’s BABY STEPS…and soon…it will start WALKING VERY FAST! The speed will pick up just like we told you. BRILLIANT CALCULATED STEPS by Abadi and Trump! The East is done is Mosul…and 95% done on the West side of Mosul. Abadi said …I will announce to the world that Mosul is liberated at the Arab Summit. Abadi is under the US control…not like a puppet …we are a TEAM …Abadi is a TEAM PLAYER…and when he returns back to Iraq…GAMES ON!
BGG (Dinar Guru) – [Would changing the rate of the Dinar have any affect on their rampant corruption issues?] Just the opposite…them dealing with their corruption issues will help the world accept a higher rate for the Dinar. I am positive this is one of the items the IMF will be discussing shortly.
______________________________________________________________
Kaperoni (Dinar Guru) – Article: “Iraq on the brink of an ambitious program looming…” I am encouraged that we will see the beginnings of currency reform within the next few months. We can hope anyway.
______________________________________________________________
loop (Dinar Guru) – [Would changing the rate of the Dinar have any affect on their rampant corruption issues?] IMO…They have a good handle on the corruption going on in the banking sector. While they still have work to do on this front they have systems in place to catch the crooks. So I do not see it has stopping them from a rate change at this point.
______________________________________________________________
Adam Montana (Dinar Guru) – There’s one name in particular that I’m happy to see in the news: Abadi. Anyone who’s been in this for more than a couple years has seen the amazing progress that’s come about since Maliki got the boot and Abadi came stomping in with the big boy pants on! The GOI was revamped, decluttered, and streamlined. Parliament picked up the pace and got a lot of things done that were simply not happening under the previous administration, and now: 1. Abadi confirms he’s planning on running for a second term. I see this as a shoe-in, no-brainer, it will happen, DONE. (Yes, we are going to hear some noise from the Maliki Camp, I say…ignore it). 2. Abadi is working hard towards full IMF and basically global support, and the fruits are coming. [post 1 of 2….stay tuned]
____________________________________________________________
Follow us on twitter @DinarUpdates !!
Dinar Updates – “NEWS TIME” w/MadDScout & Facebook Crew – March 30th 7:30pm CST – In the DU CHAT Room!!
Adam Montana (Dinar Guru) – 3. “This week on Fox News Sunday: Haider al-Abadi, Prime Minister of Iraq, in an exclusive interview.” Get your popcorn out! Abadi on with Chris Wallace this weekend. Don’t expect a huge announcement from Abadi on the RV…this is just more proof that Iraq and the PTB are not going to stay where they are. The country is poised to make a leap, and we’re watching! Another thing I am paying close attention to in the news is Saudi Arabia… there is a LOT going on with that country right now. It’s a very complex situation, but the direction is tremendously good for us and for Iraq’s future as a very powerful and wealthy country. That might be one of the reasons why Saudi Arabia is taking these steps: “Saudi Arabia plans to cancel previous debt on Iraq” Bottom line…this is happening fast, and we’re just here for the ride. [post 2
of 2]
______________________________________________________________
MadDScout (Dinar Guru) – I know Abadi had a busy day today [Tuesday]. Abadi today met with : President Trump, V.President Pence, Secretary of State Rex Tillerson, Speaker of the House Paul Ryan and members of Congress, US Trade secretary Wilbur Ross, US Chamber of Commerce, along with delegations from GE and Boeing among others.This is a very good feel of how the new US President is working in a positive way with Iraq. [post 1 of 2….stay tuned]
______________________________________________________________
MadDScout (Dinar Guru) –Article: “Abadi discusses with US Trade Secretary lifting obstacles to investment companies” Quote: “Prime Minister Haider al-Abadi, during his visit to the United States, discussed with US Commerce Secretary Wilbur Ross the promotion of trade cooperation between the two countries.” This was a very good meeting from reports. I can not remember a one day event that produced so much positive for all sectors. It was like Abadi ran the table today. LOL …was a very positive day for us investors and for Iraq as a whole. [post 2 of 2]
______________________________________________________________
Backdoc (Dinar Guru) …THE TWO SHIA BROTHERS (iraq and Iran) HAVE BEEN DELAYED IN THEIR NEW INTERNATIONAL PAYMENT SYSTEMS BUT THAT WILL COME TO AN END SOON. IT APPEARS THE TWO SHIA BROTHERS HAVE HAD A SIMILAR DELAY? …BASED ON THE ADDITIONAL ARTICLES THAT I HAVE STUDIED, I BELIEVE ALL IS ON TRACK FOR BOTH SHIA BROTHERS.
______________________________________________________________
Backdoc (Dinar Guru) Article: “Keywords announce start implementing the e-government project” VERY INTERESTING…WE GO FROM IMPLEMENTING THE DIGITAL E- DINAR ON FEBRUARY 8TH TO NOW GOING DIGITAL FOR GOVT. FUNCTIONS! YES, THE DIGITAL BLOCKCHAIN ADDS BETTER SECURITY, SPEED, AND EFFICIENCY! THIS WILL HELP PUT A HURT ON CORRUPTION!
______________________________________________________________
Adam Montana (Dinar Guru) – You’re probably also seeing a lot of positive news regarding ISIS, Mosul, etc on the “tube”. Or at least, you aren’t seeing so many negative news stories… and you know why that is, don’t you? It’s very simple – the media isn’t making a big deal about Iraq anymore because things are going REALLY GOOD, and those aren’t the stories that sell ads! …there is a LOT of progress happening right now with oil, agreements, and security. These are exactly what we want to see! We are getting to a point in this Iraqi Dinar situation that has me excited again, finally, and it’s been a long time since I felt this upbeat about the Dinar. We’ve been going in the “right way” for a long time, but now we are on a STRONG path to victory!
______________________________________________________________
Kaperoni (Dinar Guru) – Article quote: “in addition to the reform of the banking sector to support growth led by the private sector before starting the process of reconstructionin post – Daesh.” This seems to imply the banking sector reform is just around the corner…
______________________________________________________________
Abadi, will head the Iraqi delegation at the Arab summit instead of President Fuad Masum
Revealed Foreign Minister Ibrahim al-Jaafari, the Prime Minister Haider al-Abadi will head the Iraqi delegation at the Arab summit, which begins next Wednesday in the Jordanian capital, Amman, instead of the President of the Republic Fuad Masum.
Aggiedad77 (Dinar Guru) – Article: “Iraq looking to raise obstacles to the entry of US companies to invest” IMO when Abadi talks here about “raising obstacles” he’s referring to a lessening of red tape for American companies and also a HUGE reduction in corruption issues that have kept many companies away in the past…He’s smiling because he knows who will pave the way for the success of his government as well as his country…and it will not be Iran…He’s got a new buddy in President Donald Trump and his administration…IMO look for Trump to be paying Iraq a visit this year…Frank [Guru Frank26] said that issues with investors has to do with Iraq’s restrictions on capital movement…as well as UN sanctions not being lifted, thus causing countries and investors to not want to go against the UN…Abadi has some definite changes he needs to make…that he can make…lift those restrictions…raise the value of your currency…get rid of the UN restrictions…IMO.
______________________________________________________________
Kaperoni (Dinar Guru) – […wondering if Trump can push for currency reform.] Currency reform is a consequence of economic and banking reform. …the IMF has made it very clear the dinar will be floated and will rise as a result of the growth of the economy. There is no confusion, it is stated clearly…the Balassa-Samuelson effect. ”Balassa–Samuelson implies that countries with rapidly expanding economies should tend to have more rapidly appreciating exchange rates.” In other words Iraq’s dinar is directly related to the growth of the private sector/market economy.
______________________________________________________________
Kaperoni (Dinar Guru) – Article: “International Monetary Fund agrees to release contractors’ receivables” Quote: “The appearance of Mohammed Saleh that the second review of the credit agreement showed a clear understanding and success…This success is the understanding and agreement on the release of receivables of all contractors amounting to more than 4 trillion dinars once the Federal Audit Bureau announced the completion of audit contracts contractors, and we know the SAI is about to complete this process.” So the IMF is going to pay almost $4 billion dollars to unpaid contractors in Iraq. This is huge.
______________________________________________________________
Click this link to join the DU “private” FaceBook Group…
tman23 (Dinar Guru) –This week in Washington is the NATIONAL COALITION MEETING…THE FIRST WHERE ALL COUNTRIES WILL BE TOGETHER…68! …THIS IS ALL ABOUT IRAQ AND SYRIA AND SPECIFICALLY ISIS…
______________________________________________________________
Kaperoni (Dinar Guru) – Article: “Sabri: Iraq’s economy will rise over the next five years” ...this statement is in line with several of the CBI going back a few years that the deletion of zeros would take 4-5 years. Sounds to me like they expect a gradual appreciation of the currency as the economy grows. Anyone? Balassa-Samuelson effect…
______________________________________________________________
Iraqi command: western Mosul battle finished “on the military level”
by Mohamed Mostafa The spokesman for the Joint Operations Command Brigadier General Yahya Rasoul
Mosul (IraqiNews.com) The Iraqi security command leading operations against Islamic State in Mosul has said the battle in the west of the city was concluded on the military level.
tman23 (Dinar Guru) – …ABADI BEST COME BACK FROM WASHINGTON WITH AN ARSENAL OF GIFTS FOR THE CITIZENS… OTHERWISE/WITH ACCESS TO FUTURE INTERNATIONAL LOANS BEING LIMITED…TICK-TOCK…TICK TOCK.
______________________________________________________________
Kaperoni (Dinar Guru) – The IMF would never agree to accept Iraq into Article VIII if they cannot comply with the Article VIII requirements… That means they must show stability at 2% or less for 90 days prior to acceptance into Article VIII. I don’t see anyway around that. That being said, they could get off the peg without approval from the IMF.
______________________________________________________________
firefly (Dinar Guru) – Anybody that’s been in this investment for any period of time should know that a lot of negative news will pop it’s ugly head at the end. Just remember what Dr. Shabibi said at Jackson Hole back in 2011 when he was asked when he will do the currency adjustment. After thinking about the question for a bit of time he stated “AFTER MUCH MEDIA PROPAGANDA” This is not about us. Just be thankful we were given the opportunity to be a part of this investment. Timing is everything right now. One mistake in their calculations would be catastrophic. …the true rate will show on the CBI 1st.
______________________________________________________________
Abadi looking with two US firms electricity and airlines to develop
Economy News / Baghdad …Search Prime Minister Haidar al-Abbadi (who is visiting Washington for now), with two US firms to develop the electricity sector in Iraq and the Iraqi air lines.
firefly (Dinar Guru) – Historically all currency adjustments are made in the 1st quarter of the fiscal year. Kuwait and Zambia are good reference points. There is much going on behind the scenes that we are not aware of. I for one am extremely excited at where we sit today.
______________________________________________________________
Kaperoni (Dinar Guru) – Article: “Expert: Iraq is heading for a social market economy within the plan that will last until 2030” More importantly, currency reform must begin before they will ever have a market economy.
______________________________________________________________
Kaperoni (Dinar Guru) – Article: “Detection 3 “goals” Abadi seeks to achieve” Quote: “…three goals of Prime Minister Haider al-Abadi seeks to achieve with major countries (Germany, Britain, America), as he emphasized the lack of plans for more “lending”, attributing the reason to determine Iraq certain doors by donor countries…” To me, this says they better get to work..and soon… “there are no plans for further lending”.
______________________________________________________________
Deputy: Abadi visit to Washington made Iraq the Middle East equilibrium point
MP in parliament, Abdul Rahman Alloizi, on Thursday, Prime Minister Haider al-Abadi’s visit to Washington has created a kind of balance in the Middle East.
He Alloizi, L / balance News /, said that “al-Abadi’s visit to Washington came in the context, the fact that Iraq today is one of the closest allies of the United States.”
BGG (Dinar Guru) – Quote: “…Based on the preliminary findings of this mission, staff will prepare a report that, subject to management approval, will be presented to the IMF’s Executive Board for discussion and decision…” exactly what decisions do the IMF executive board have to make coming up? I mean – they only deal with one thing. INTERNATIONAL MONETARY FUND. […can the CBI make a move before the DC meetings?] the CBI can do whatever they want…if the IMF doesn’t give their blessing who are they gonna’ sell their currency to? without international acceptance – there is no market. [post 2 of 2]
______________________________________________________________
BGG (Dinar Guru) – Quote: “The Iraqi authorities and IMF staff started discussions on the second review of the SBA. These discussions will continue during the upcoming IMF and World Bank Spring Meetings from April 21–23, 2017 in Washington, DC.” This is saying these finalization talks were already started…and will resume – (at the latest) in D.C. Quote: “During the visit, the team met with the Acting Minister of Finance Prof. Abdulrazzaq A. Jaleel Essa, Acting Governor of the Central Bank of Iraq (CBI), Dr. Ali Mohsen Ismail Al-Allaq, the Financial Adviser to the Prime Minister Dr. Mudher Saleh, and officials from the ministries of finance, oil, planning, the State Oil Marketing Organization, the Central Statistical Office, the Central Bank of Iraq, and representatives from the Kurdistan Regional Government, and the Board of Supreme Audit. The team would like to thank the Iraqi authorities for their cooperation and the open and productive discussions.”Mohammed Saleh…he’s been in these big IMF “shindig” meetings from the 5th to the 17th… he’s excited. [post 1 of 2….stay tuned]
_____________________________________________________________
Kaperoni (Dinar Guru) – Article: “Detection 3 “goals” Abadi seeks to achieve” Quote: “…three goals of Prime Minister Haider al-Abadi seeks to achieve with major countries (Germany, Britain, America), as he emphasized the lack of plans for more “lending”, attributing the reason to determine Iraq certain doors by donor countries…” To me, this says they better get to work..and soon… “there are no plans for further lending”.
_____________________________________________________________
Revbo (Dinar Guru) – “Statement at the End of an IMF Mission on Iraq” Quote: “…repair the banking sector are needed to support private sector-led growth and diversification of the economy once post- ISIS reconstruction is underway.” [I really believe we will see currency reform begin soon after the country is rid of ISIL since it is so important to the success of a private sector/market economy.] If they don’t turn it loose shortly after Mosul is liberated, they will be wasting a golden opportunity and a ton of momentum for a growing economy and national reconciliation.
______________________________________________________________
Kaperoni (Dinar Guru) – “Statement at the End of an IMF Mission on Iraq” Quote: “…repair the banking sector are needed to support private sector-led growth and diversification of the economy once post- ISIS reconstruction is underway.” I really believe we will see currency reform begin soon after the country is rid of ISIL since it is so important to the success of a private sector/market economy.
______________________________________________________________
Revbo (Dinar Guru) – I don’t know if this means anything, but yesterday was the first time I’ve ever seen no street rate posted on the CBI’s auction page.
______________________________________________________________
Economists discuss the role of the banking sector in supporting sustainable development in Iraq
Baghdad balances News The governor of the Central Bank of Iraq on the Keywords that borrowers do not pay what Bzmthm is the most prominent banking problems, which led to banks not to meet its obligations in return, while stressing the Parliamentary Finance Committee member Haitham Tamimi said the central bank set the task of handling private banks.
Muqtada al-Sadr preaches to demonstrators in Baghdad on Friday. Photo: Rudaw TV
Sadr: I may be assassinated, but reform revolution must continue
BAGHDAD, Iraq — Influential Shiite cleric Muqtada al-Sadr gathered today with hundreds of thousands of his supporters in Baghdad’s Tahrir Square, where he said could be assassinated, but encouraged them to continue their demonstrations and protests in the capital until all corrupt government officials are removed from their posts.
“No matter what ethnic or religious group the corrupt belong to, we will stop them and shake their seats,” Sadr said. “The seats of those who enriched themselves at your expense.”…
Frank26 (Dinar Guru) – IN MY STRONG OPINION…the MR has been going on inside of Iraq for quite awhile ago. We’ve shown you many articles of how this is possible. Infancy is NOT the starting of the MR…it is in the stage that it is in right now… WALKING…taking it’s BABY STEPS…and soon…it will start WALKING VERY FAST! The speed will pick up just like we told you. BRILLIANT CALCULATED STEPS by Abadi and Trump! The East is done is Mosul…and 95% done on the West side of Mosul. Abadi said …I will announce to the world that Mosul is liberated at the Arab Summit. Abadi is under the US control…not like a puppet …we are a TEAM …Abadi is a TEAM PLAYER…and when he returns back to Iraq…GAMES ON!
BGG (Dinar Guru) – [Would changing the rate of the Dinar have any affect on their rampant corruption issues?] Just the opposite…them dealing with their corruption issues will help the world accept a higher rate for the Dinar. I am positive this is one of the items the IMF will be discussing shortly.
______________________________________________________________
Kaperoni (Dinar Guru) – Article: “Iraq on the brink of an ambitious program looming…” I am encouraged that we will see the beginnings of currency reform within the next few months. We can hope anyway.
______________________________________________________________
loop (Dinar Guru) – [Would changing the rate of the Dinar have any affect on their rampant corruption issues?] IMO…They have a good handle on the corruption going on in the banking sector. While they still have work to do on this front they have systems in place to catch the crooks. So I do not see it has stopping them from a rate change at this point.
______________________________________________________________
Adam Montana (Dinar Guru) – There’s one name in particular that I’m happy to see in the news: Abadi. Anyone who’s been in this for more than a couple years has seen the amazing progress that’s come about since Maliki got the boot and Abadi came stomping in with the big boy pants on! The GOI was revamped, decluttered, and streamlined. Parliament picked up the pace and got a lot of things done that were simply not happening under the previous administration, and now: 1. Abadi confirms he’s planning on running for a second term. I see this as a shoe-in, no-brainer, it will happen, DONE. (Yes, we are going to hear some noise from the Maliki Camp, I say…ignore it). 2. Abadi is working hard towards full IMF and basically global support, and the fruits are coming. [post 1 of 2….stay tuned]
____________________________________________________________
Follow us on twitter @DinarUpdates !!
Dinar Updates – “NEWS TIME” w/BGG & Company – March 26th 7:30pm CST – In the DU CHAT Room!!
Adam Montana (Dinar Guru) – 3. “This week on Fox News Sunday: Haider al-Abadi, Prime Minister of Iraq, in an exclusive interview.” Get your popcorn out! Abadi on with Chris Wallace this weekend. Don’t expect a huge announcement from Abadi on the RV…this is just more proof that Iraq and the PTB are not going to stay where they are. The country is poised to make a leap, and we’re watching! Another thing I am paying close attention to in the news is Saudi Arabia… there is a LOT going on with that country right now. It’s a very complex situation, but the direction is tremendously good for us and for Iraq’s future as a very powerful and wealthy country. That might be one of the reasons why Saudi Arabia is taking these steps: “Saudi Arabia plans to cancel previous debt on Iraq” Bottom line…this is happening fast, and we’re just here for the ride. [post 2
of 2]
______________________________________________________________
MadDScout (Dinar Guru) – I know Abadi had a busy day today [Tuesday]. Abadi today met with : President Trump, V.President Pence, Secretary of State Rex Tillerson, Speaker of the House Paul Ryan and members of Congress, US Trade secretary Wilbur Ross, US Chamber of Commerce, along with delegations from GE and Boeing among others.This is a very good feel of how the new US President is working in a positive way with Iraq. [post 1 of 2….stay tuned]
______________________________________________________________
MadDScout (Dinar Guru) –Article: “Abadi discusses with US Trade Secretary lifting obstacles to investment companies” Quote: “Prime Minister Haider al-Abadi, during his visit to the United States, discussed with US Commerce Secretary Wilbur Ross the promotion of trade cooperation between the two countries.” This was a very good meeting from reports. I can not remember a one day event that produced so much positive for all sectors. It was like Abadi ran the table today. LOL …was a very positive day for us investors and for Iraq as a whole. [post 2 of 2]
______________________________________________________________
Backdoc (Dinar Guru) …THE TWO SHIA BROTHERS (iraq and Iran) HAVE BEEN DELAYED IN THEIR NEW INTERNATIONAL PAYMENT SYSTEMS BUT THAT WILL COME TO AN END SOON. IT APPEARS THE TWO SHIA BROTHERS HAVE HAD A SIMILAR DELAY? …BASED ON THE ADDITIONAL ARTICLES THAT I HAVE STUDIED, I BELIEVE ALL IS ON TRACK FOR BOTH SHIA BROTHERS.
______________________________________________________________
Backdoc (Dinar Guru) Article: “Keywords announce start implementing the e-government project” VERY INTERESTING…WE GO FROM IMPLEMENTING THE DIGITAL E- DINAR ON FEBRUARY 8TH TO NOW GOING DIGITAL FOR GOVT. FUNCTIONS! YES, THE DIGITAL BLOCKCHAIN ADDS BETTER SECURITY, SPEED, AND EFFICIENCY! THIS WILL HELP PUT A HURT ON CORRUPTION!
______________________________________________________________
Adam Montana (Dinar Guru) – You’re probably also seeing a lot of positive news regarding ISIS, Mosul, etc on the “tube”. Or at least, you aren’t seeing so many negative news stories… and you know why that is, don’t you? It’s very simple – the media isn’t making a big deal about Iraq anymore because things are going REALLY GOOD, and those aren’t the stories that sell ads! …there is a LOT of progress happening right now with oil, agreements, and security. These are exactly what we want to see! We are getting to a point in this Iraqi Dinar situation that has me excited again, finally, and it’s been a long time since I felt this upbeat about the Dinar. We’ve been going in the “right way” for a long time, but now we are on a STRONG path to victory!
______________________________________________________________
Kaperoni (Dinar Guru) – Article quote: “in addition to the reform of the banking sector to support growth led by the private sector before starting the process of reconstructionin post – Daesh.” This seems to imply the banking sector reform is just around the corner…
______________________________________________________________
Keywords: government moving towards a free economy and activating the private sector
Economy News / Baghdad …Secretary General of the Council of Ministers Mahdi Keywords, said on Thursday that the government is moving towards a free economy and activating the private sector.
According to a statement of the secretariat seen by “Economy News”, that “Keywords keep getting the World Bank delegation headed by Mohammed Hassan Abdel Qader Chairman of the Group to improve the Bank in Iraq’s business environment, and during the meeting, offer a range of topics pertaining to the Iraqi economy and the environment of investment and the location of Iraq compared to global indices for the economy and business. “…
Aggiedad77 (Dinar Guru) – Article: “Iraq looking to raise obstacles to the entry of US companies to invest” IMO when Abadi talks here about “raising obstacles” he’s referring to a lessening of red tape for American companies and also a HUGE reduction in corruption issues that have kept many companies away in the past…He’s smiling because he knows who will pave the way for the success of his government as well as his country…and it will not be Iran…He’s got a new buddy in President Donald Trump and his administration…IMO look for Trump to be paying Iraq a visit this year…Frank [Guru Frank26] said that issues with investors has to do with Iraq’s restrictions on capital movement…as well as UN sanctions not being lifted, thus causing countries and investors to not want to go against the UN…Abadi has some definite changes he needs to make…that he can make…lift those restrictions…raise the value of your currency…get rid of the UN restrictions…IMO.
______________________________________________________________
Kaperoni (Dinar Guru) – […wondering if Trump can push for currency reform.] Currency reform is a consequence of economic and banking reform. …the IMF has made it very clear the dinar will be floated and will rise as a result of the growth of the economy. There is no confusion, it is stated clearly…the Balassa-Samuelson effect. ”Balassa–Samuelson implies that countries with rapidly expanding economies should tend to have more rapidly appreciating exchange rates.” In other words Iraq’s dinar is directly related to the growth of the private sector/market economy.
______________________________________________________________
Kaperoni (Dinar Guru) – Article: “International Monetary Fund agrees to release contractors’ receivables” Quote: “The appearance of Mohammed Saleh that the second review of the credit agreement showed a clear understanding and success…This success is the understanding and agreement on the release of receivables of all contractors amounting to more than 4 trillion dinars once the Federal Audit Bureau announced the completion of audit contracts contractors, and we know the SAI is about to complete this process.” So the IMF is going to pay almost $4 billion dollars to unpaid contractors in Iraq. This is huge.
______________________________________________________________
Click this link to join the DU “private” FaceBook Group…
tman23 (Dinar Guru) –This week in Washington is the NATIONAL COALITION MEETING…THE FIRST WHERE ALL COUNTRIES WILL BE TOGETHER…68! …THIS IS ALL ABOUT IRAQ AND SYRIA AND SPECIFICALLY ISIS…
______________________________________________________________
Kaperoni (Dinar Guru) – Article: “Sabri: Iraq’s economy will rise over the next five years” ...this statement is in line with several of the CBI going back a few years that the deletion of zeros would take 4-5 years. Sounds to me like they expect a gradual appreciation of the currency as the economy grows. Anyone? Balassa-Samuelson effect…
______________________________________________________________
Abadi in front of reform .. Umm change?
With the approaching announcement of the end of the battle in Iraq with an urgent ending, there is a regional movement offset by the mobility of the politicians of Iraq with them, but within teams distributed here and there and new programs in the changing policy according to events, we will see new players on the scene, and others waiting for their fate between the withdrawal or withdrawal,
The American president is clear in his statements and not as his predecessor, Obama, and the Turkish situation of concern with the European Union, which seems to be moving away from the dream of joining after the stifling of positions, and what is happening, will affect negatively or positively…
tman23 (Dinar Guru) – …ABADI BEST COME BACK FROM WASHINGTON WITH AN ARSENAL OF GIFTS FOR THE CITIZENS… OTHERWISE/WITH ACCESS TO FUTURE INTERNATIONAL LOANS BEING LIMITED…TICK-TOCK…TICK TOCK.
______________________________________________________________
Kaperoni (Dinar Guru) – The IMF would never agree to accept Iraq into Article VIII if they cannot comply with the Article VIII requirements… That means they must show stability at 2% or less for 90 days prior to acceptance into Article VIII. I don’t see anyway around that. That being said, they could get off the peg without approval from the IMF.
______________________________________________________________
firefly (Dinar Guru) – Anybody that’s been in this investment for any period of time should know that a lot of negative news will pop it’s ugly head at the end. Just remember what Dr. Shabibi said at Jackson Hole back in 2011 when he was asked when he will do the currency adjustment. After thinking about the question for a bit of time he stated “AFTER MUCH MEDIA PROPAGANDA” This is not about us. Just be thankful we were given the opportunity to be a part of this investment. Timing is everything right now. One mistake in their calculations would be catastrophic. …the true rate will show on the CBI 1st.
______________________________________________________________
Abadi looking with two US firms electricity and airlines to develop
Economy News / Baghdad …Search Prime Minister Haidar al-Abbadi (who is visiting Washington for now), with two US firms to develop the electricity sector in Iraq and the Iraqi air lines.
firefly (Dinar Guru) – Historically all currency adjustments are made in the 1st quarter of the fiscal year. Kuwait and Zambia are good reference points. There is much going on behind the scenes that we are not aware of. I for one am extremely excited at where we sit today.
______________________________________________________________
Kaperoni (Dinar Guru) – Article: “Expert: Iraq is heading for a social market economy within the plan that will last until 2030” More importantly, currency reform must begin before they will ever have a market economy.
______________________________________________________________
Kaperoni (Dinar Guru) – Article: “Detection 3 “goals” Abadi seeks to achieve” Quote: “…three goals of Prime Minister Haider al-Abadi seeks to achieve with major countries (Germany, Britain, America), as he emphasized the lack of plans for more “lending”, attributing the reason to determine Iraq certain doors by donor countries…” To me, this says they better get to work..and soon… “there are no plans for further lending”.
______________________________________________________________
Deputy: Abadi visit to Washington made Iraq the Middle East equilibrium point
MP in parliament, Abdul Rahman Alloizi, on Thursday, Prime Minister Haider al-Abadi’s visit to Washington has created a kind of balance in the Middle East.
He Alloizi, L / balance News /, said that “al-Abadi’s visit to Washington came in the context, the fact that Iraq today is one of the closest allies of the United States.”
BGG (Dinar Guru) – Quote: “…Based on the preliminary findings of this mission, staff will prepare a report that, subject to management approval, will be presented to the IMF’s Executive Board for discussion and decision…” exactly what decisions do the IMF executive board have to make coming up? I mean – they only deal with one thing. INTERNATIONAL MONETARY FUND. […can the CBI make a move before the DC meetings?] the CBI can do whatever they want…if the IMF doesn’t give their blessing who are they gonna’ sell their currency to? without international acceptance – there is no market. [post 2 of 2]
______________________________________________________________
BGG (Dinar Guru) – Quote: “The Iraqi authorities and IMF staff started discussions on the second review of the SBA. These discussions will continue during the upcoming IMF and World Bank Spring Meetings from April 21–23, 2017 in Washington, DC.” This is saying these finalization talks were already started…and will resume – (at the latest) in D.C. Quote: “During the visit, the team met with the Acting Minister of Finance Prof. Abdulrazzaq A. Jaleel Essa, Acting Governor of the Central Bank of Iraq (CBI), Dr. Ali Mohsen Ismail Al-Allaq, the Financial Adviser to the Prime Minister Dr. Mudher Saleh, and officials from the ministries of finance, oil, planning, the State Oil Marketing Organization, the Central Statistical Office, the Central Bank of Iraq, and representatives from the Kurdistan Regional Government, and the Board of Supreme Audit. The team would like to thank the Iraqi authorities for their cooperation and the open and productive discussions.”Mohammed Saleh…he’s been in these big IMF “shindig” meetings from the 5th to the 17th… he’s excited. [post 1 of 2….stay tuned]
_____________________________________________________________
Kaperoni (Dinar Guru) – Article: “Detection 3 “goals” Abadi seeks to achieve” Quote: “…three goals of Prime Minister Haider al-Abadi seeks to achieve with major countries (Germany, Britain, America), as he emphasized the lack of plans for more “lending”, attributing the reason to determine Iraq certain doors by donor countries…” To me, this says they better get to work..and soon… “there are no plans for further lending”.
_____________________________________________________________
Revbo (Dinar Guru) – “Statement at the End of an IMF Mission on Iraq” Quote: “…repair the banking sector are needed to support private sector-led growth and diversification of the economy once post- ISIS reconstruction is underway.” [I really believe we will see currency reform begin soon after the country is rid of ISIL since it is so important to the success of a private sector/market economy.] If they don’t turn it loose shortly after Mosul is liberated, they will be wasting a golden opportunity and a ton of momentum for a growing economy and national reconciliation.
______________________________________________________________
Kaperoni (Dinar Guru) – “Statement at the End of an IMF Mission on Iraq” Quote: “…repair the banking sector are needed to support private sector-led growth and diversification of the economy once post- ISIS reconstruction is underway.” I really believe we will see currency reform begin soon after the country is rid of ISIL since it is so important to the success of a private sector/market economy.
______________________________________________________________
Revbo (Dinar Guru) – I don’t know if this means anything, but yesterday was the first time I’ve ever seen no street rate posted on the CBI’s auction page.
______________________________________________________________
Maliki’s wealth estimated at $40 bln: sources
Iraqi former PM Nouri al-Maliki’s wealth is estimated at $40 billion, informed sources told The Baghdad Post on Thursday.
The sources revealed the 67-year-old has made his wealth through manipulating the Iraqi Central Bank’s accounts as well as his suspicious projects inside and outside Iraq.
They also confirmed he took over the 2014 state budget without releasing concluding statements….
Iraq is a plan for the rehabilitation of buildings branch in Mosul after Daesh
Economy News / Baghdad …Rafidain Bank announced the preparation of a plan that includes the rehabilitation of buildings branch in Mosul after its liberation from the terrorists Daesh.
The Information Office of the Bank said in a statement obtained “Economy News”, a copy of “Bank and in coordination with the concerned authorities prepared to assess the damage plans branches in the province 14 branches of the number for the reconstruction and rehabilitation and re-opened quickly and comprehensively.”
BGG (Dinar Guru) [Would changing the rate of the Dinar have any affect on their rampant corruption issues?] Just the opposite…them dealing with their corruption issues will help the world accept a higher rate for the Dinar. I am positive this is one of the items the IMF will be discussing shortly.
______________________________________________________________
Kaperoni (Dinar Guru) Article: “Iraq on the brink of an ambitious program looming…” I am encouraged that we will see the beginnings of currency reform within the next few months. We can hope anyway.
______________________________________________________________
loop (Dinar Guru) [Would changing the rate of the Dinar have any affect on their rampant corruption issues?] IMO…They have a good handle on the corruption going on in the banking sector. While they still have work to do on this front they have systems in place to catch the crooks. So I do not see it has stopping them from a rate change at this point.
______________________________________________________________
Adam Montana (Dinar Guru) There’s one name in particular that I’m happy to see in the news: Abadi. Anyone who’s been in this for more than a couple years has seen the amazing progress that’s come about since Maliki got the boot and Abadi came stomping in with the big boy pants on! The GOI was revamped, decluttered, and streamlined. Parliament picked up the pace and got a lot of things done that were simply not happening under the previous administration, and now: 1. Abadi confirms he’s planning on running for a second term. I see this as a shoe-in, no-brainer, it will happen, DONE. (Yes, we are going to hear some noise from the Maliki Camp, I say…ignore it). 2. Abadi is working hard towards full IMF and basically global support, and the fruits are coming. [post 1 of 2….stay tuned]
____________________________________________________________
Follow us on twitter @DinarUpdates !!
Dinar Updates – “NEWS TIME” w/BGG & Company – March 26th 7:30pm CST – In the DU CHAT Room!!
Adam Montana (Dinar Guru) 3. “This week on Fox News Sunday: Haider al-Abadi, Prime Minister of Iraq, in an exclusive interview.” Get your popcorn out! Abadi on with Chris Wallace this weekend. Don’t expect a huge announcement from Abadi on the RV…this is just more proof that Iraq and the PTB are not going to stay where they are. The country is poised to make a leap, and we’re watching! Another thing I am paying close attention to in the news is Saudi Arabia… there is a LOT going on with that country right now. It’s a very complex situation, but the direction is tremendously good for us and for Iraq’s future as a very powerful and wealthy country. That might be one of the reasons why Saudi Arabia is taking these steps: “Saudi Arabia plans to cancel previous debt on Iraq” Bottom line…this is happening fast, and we’re just here for the ride. [post 2
of 2]
______________________________________________________________
MadDScout (Dinar Guru) – I know Abadi had a busy day today [Tuesday]. Abadi today met with : President Trump, V.President Pence, Secretary of State Rex Tillerson, Speaker of the House Paul Ryan and members of Congress, US Trade secretary Wilbur Ross, US Chamber of Commerce, along with delegations from GE and Boeing among others.This is a very good feel of how the new US President is working in a positive way with Iraq. [post 1 of 2….stay tuned]
______________________________________________________________
MadDScout (Dinar Guru) –Article: “Abadi discusses with US Trade Secretary lifting obstacles to investment companies” Quote: “Prime Minister Haider al-Abadi, during his visit to the United States, discussed with US Commerce Secretary Wilbur Ross the promotion of trade cooperation between the two countries.” This was a very good meeting from reports. I can not remember a one day event that produced so much positive for all sectors. It was like Abadi ran the table today. LOL …was a very positive day for us investors and for Iraq as a whole. [post 2 of 2]
______________________________________________________________
Backdoc (Dinar Guru) …THE TWO SHIA BROTHERS (iraq and Iran) HAVE BEEN DELAYED IN THEIR NEW INTERNATIONAL PAYMENT SYSTEMS BUT THAT WILL COME TO AN END SOON. IT APPEARS THE TWO SHIA BROTHERS HAVE HAD A SIMILAR DELAY? …BASED ON THE ADDITIONAL ARTICLES THAT I HAVE STUDIED, I BELIEVE ALL IS ON TRACK FOR BOTH SHIA BROTHERS.
______________________________________________________________
Backdoc (Dinar Guru) Article: “Keywords announce start implementing the e-government project” VERY INTERESTING…WE GO FROM IMPLEMENTING THE DIGITAL E- DINAR ON FEBRUARY 8TH TO NOW GOING DIGITAL FOR GOVT. FUNCTIONS! YES, THE DIGITAL BLOCKCHAIN ADDS BETTER SECURITY, SPEED, AND EFFICIENCY! THIS WILL HELP PUT A HURT ON CORRUPTION!
______________________________________________________________
Adam Montana (Dinar Guru) – You’re probably also seeing a lot of positive news regarding ISIS, Mosul, etc on the “tube”. Or at least, you aren’t seeing so many negative news stories… and you know why that is, don’t you? It’s very simple – the media isn’t making a big deal about Iraq anymore because things are going REALLY GOOD, and those aren’t the stories that sell ads! …there is a LOT of progress happening right now with oil, agreements, and security. These are exactly what we want to see! We are getting to a point in this Iraqi Dinar situation that has me excited again, finally, and it’s been a long time since I felt this upbeat about the Dinar. We’ve been going in the “right way” for a long time, but now we are on a STRONG path to victory!
______________________________________________________________
Kaperoni (Dinar Guru) – Article quote: “in addition to the reform of the banking sector to support growth led by the private sector before starting the process of reconstructionin post – Daesh.” This seems to imply the banking sector reform is just around the corner…
______________________________________________________________
Keywords: government moving towards a free economy and activating the private sector
Economy News / Baghdad …Secretary General of the Council of Ministers Mahdi Keywords, said on Thursday that the government is moving towards a free economy and activating the private sector.
According to a statement of the secretariat seen by “Economy News”, that “Keywords keep getting the World Bank delegation headed by Mohammed Hassan Abdel Qader Chairman of the Group to improve the Bank in Iraq’s business environment, and during the meeting, offer a range of topics pertaining to the Iraqi economy and the environment of investment and the location of Iraq compared to global indices for the economy and business. “…
Aggiedad77 (Dinar Guru) – Article: “Iraq looking to raise obstacles to the entry of US companies to invest” IMO when Abadi talks here about “raising obstacles” he’s referring to a lessening of red tape for American companies and also a HUGE reduction in corruption issues that have kept many companies away in the past…He’s smiling because he knows who will pave the way for the success of his government as well as his country…and it will not be Iran…He’s got a new buddy in President Donald Trump and his administration…IMO look for Trump to be paying Iraq a visit this year…Frank [Guru Frank26] said that issues with investors has to do with Iraq’s restrictions on capital movement…as well as UN sanctions not being lifted, thus causing countries and investors to not want to go against the UN…Abadi has some definite changes he needs to make…that he can make…lift those restrictions…raise the value of your currency…get rid of the UN restrictions…IMO.
______________________________________________________________
Kaperoni (Dinar Guru) – […wondering if Trump can push for currency reform.] Currency reform is a consequence of economic and banking reform. …the IMF has made it very clear the dinar will be floated and will rise as a result of the growth of the economy. There is no confusion, it is stated clearly…the Balassa-Samuelson effect. ”Balassa–Samuelson implies that countries with rapidly expanding economies should tend to have more rapidly appreciating exchange rates.” In other words Iraq’s dinar is directly related to the growth of the private sector/market economy.
______________________________________________________________
Kaperoni (Dinar Guru) – Article: “International Monetary Fund agrees to release contractors’ receivables” Quote: “The appearance of Mohammed Saleh that the second review of the credit agreement showed a clear understanding and success…This success is the understanding and agreement on the release of receivables of all contractors amounting to more than 4 trillion dinars once the Federal Audit Bureau announced the completion of audit contracts contractors, and we know the SAI is about to complete this process.” So the IMF is going to pay almost $4 billion dollars to unpaid contractors in Iraq. This is huge.
______________________________________________________________
Click this link to join the DU “private” FaceBook Group…
tman23 (Dinar Guru) –This week in Washington is the NATIONAL COALITION MEETING…THE FIRST WHERE ALL COUNTRIES WILL BE TOGETHER…68! …THIS IS ALL ABOUT IRAQ AND SYRIA AND SPECIFICALLY ISIS…
______________________________________________________________
Kaperoni (Dinar Guru) – Article: “Sabri: Iraq’s economy will rise over the next five years” ...this statement is in line with several of the CBI going back a few years that the deletion of zeros would take 4-5 years. Sounds to me like they expect a gradual appreciation of the currency as the economy grows. Anyone? Balassa-Samuelson effect…
______________________________________________________________
Abadi in front of reform .. Umm change?
With the approaching announcement of the end of the battle in Iraq with an urgent ending, there is a regional movement offset by the mobility of the politicians of Iraq with them, but within teams distributed here and there and new programs in the changing policy according to events, we will see new players on the scene, and others waiting for their fate between the withdrawal or withdrawal,
The American president is clear in his statements and not as his predecessor, Obama, and the Turkish situation of concern with the European Union, which seems to be moving away from the dream of joining after the stifling of positions, and what is happening, will affect negatively or positively…
tman23 (Dinar Guru) – …ABADI BEST COME BACK FROM WASHINGTON WITH AN ARSENAL OF GIFTS FOR THE CITIZENS… OTHERWISE/WITH ACCESS TO FUTURE INTERNATIONAL LOANS BEING LIMITED…TICK-TOCK…TICK TOCK.
______________________________________________________________
Kaperoni (Dinar Guru) – The IMF would never agree to accept Iraq into Article VIII if they cannot comply with the Article VIII requirements… That means they must show stability at 2% or less for 90 days prior to acceptance into Article VIII. I don’t see anyway around that. That being said, they could get off the peg without approval from the IMF.
______________________________________________________________
firefly (Dinar Guru) – Anybody that’s been in this investment for any period of time should know that a lot of negative news will pop it’s ugly head at the end. Just remember what Dr. Shabibi said at Jackson Hole back in 2011 when he was asked when he will do the currency adjustment. After thinking about the question for a bit of time he stated “AFTER MUCH MEDIA PROPAGANDA” This is not about us. Just be thankful we were given the opportunity to be a part of this investment. Timing is everything right now. One mistake in their calculations would be catastrophic. …the true rate will show on the CBI 1st.
______________________________________________________________
Abadi looking with two US firms electricity and airlines to develop
Economy News / Baghdad …Search Prime Minister Haidar al-Abbadi (who is visiting Washington for now), with two US firms to develop the electricity sector in Iraq and the Iraqi air lines.
firefly (Dinar Guru) – Historically all currency adjustments are made in the 1st quarter of the fiscal year. Kuwait and Zambia are good reference points. There is much going on behind the scenes that we are not aware of. I for one am extremely excited at where we sit today.
______________________________________________________________
Kaperoni (Dinar Guru) – Article: “Expert: Iraq is heading for a social market economy within the plan that will last until 2030” More importantly, currency reform must begin before they will ever have a market economy.
______________________________________________________________
Kaperoni (Dinar Guru) – Article: “Detection 3 “goals” Abadi seeks to achieve” Quote: “…three goals of Prime Minister Haider al-Abadi seeks to achieve with major countries (Germany, Britain, America), as he emphasized the lack of plans for more “lending”, attributing the reason to determine Iraq certain doors by donor countries…” To me, this says they better get to work..and soon… “there are no plans for further lending”.
______________________________________________________________
Deputy: Abadi visit to Washington made Iraq the Middle East equilibrium point
MP in parliament, Abdul Rahman Alloizi, on Thursday, Prime Minister Haider al-Abadi’s visit to Washington has created a kind of balance in the Middle East.
He Alloizi, L / balance News /, said that “al-Abadi’s visit to Washington came in the context, the fact that Iraq today is one of the closest allies of the United States.”
BGG (Dinar Guru) – Quote: “…Based on the preliminary findings of this mission, staff will prepare a report that, subject to management approval, will be presented to the IMF’s Executive Board for discussion and decision…” exactly what decisions do the IMF executive board have to make coming up? I mean – they only deal with one thing. INTERNATIONAL MONETARY FUND. […can the CBI make a move before the DC meetings?] the CBI can do whatever they want…if the IMF doesn’t give their blessing who are they gonna’ sell their currency to? without international acceptance – there is no market. [post 2 of 2]
______________________________________________________________
BGG (Dinar Guru) – Quote: “The Iraqi authorities and IMF staff started discussions on the second review of the SBA. These discussions will continue during the upcoming IMF and World Bank Spring Meetings from April 21–23, 2017 in Washington, DC.” This is saying these finalization talks were already started…and will resume – (at the latest) in D.C. Quote: “During the visit, the team met with the Acting Minister of Finance Prof. Abdulrazzaq A. Jaleel Essa, Acting Governor of the Central Bank of Iraq (CBI), Dr. Ali Mohsen Ismail Al-Allaq, the Financial Adviser to the Prime Minister Dr. Mudher Saleh, and officials from the ministries of finance, oil, planning, the State Oil Marketing Organization, the Central Statistical Office, the Central Bank of Iraq, and representatives from the Kurdistan Regional Government, and the Board of Supreme Audit. The team would like to thank the Iraqi authorities for their cooperation and the open and productive discussions.”Mohammed Saleh…he’s been in these big IMF “shindig” meetings from the 5th to the 17th… he’s excited. [post 1 of 2….stay tuned]
_____________________________________________________________
Kaperoni (Dinar Guru) – Article: “Detection 3 “goals” Abadi seeks to achieve” Quote: “…three goals of Prime Minister Haider al-Abadi seeks to achieve with major countries (Germany, Britain, America), as he emphasized the lack of plans for more “lending”, attributing the reason to determine Iraq certain doors by donor countries…” To me, this says they better get to work..and soon… “there are no plans for further lending”.
_____________________________________________________________
Revbo (Dinar Guru) – “Statement at the End of an IMF Mission on Iraq” Quote: “…repair the banking sector are needed to support private sector-led growth and diversification of the economy once post- ISIS reconstruction is underway.” [I really believe we will see currency reform begin soon after the country is rid of ISIL since it is so important to the success of a private sector/market economy.] If they don’t turn it loose shortly after Mosul is liberated, they will be wasting a golden opportunity and a ton of momentum for a growing economy and national reconciliation.
______________________________________________________________
Kaperoni (Dinar Guru) – “Statement at the End of an IMF Mission on Iraq” Quote: “…repair the banking sector are needed to support private sector-led growth and diversification of the economy once post- ISIS reconstruction is underway.” I really believe we will see currency reform begin soon after the country is rid of ISIL since it is so important to the success of a private sector/market economy.
______________________________________________________________
Revbo (Dinar Guru) – I don’t know if this means anything, but yesterday was the first time I’ve ever seen no street rate posted on the CBI’s auction page.
______________________________________________________________
Maliki’s wealth estimated at $40 bln: sources
Iraqi former PM Nouri al-Maliki’s wealth is estimated at $40 billion, informed sources told The Baghdad Post on Thursday.
The sources revealed the 67-year-old has made his wealth through manipulating the Iraqi Central Bank’s accounts as well as his suspicious projects inside and outside Iraq.
They also confirmed he took over the 2014 state budget without releasing concluding statements….
Abadi from Washington: great efforts to restore stability to the liberated areas
(Baghdad time)BAGHDAD – The balance of News Confirmed Prime Minister Haider al-Abadi, on Wednesday that Iraq is not begging for support from the countries of the world while pointing to the existence of significant efforts to restore stability to the liberated areas, pointing out that corruption is the scourge of not less than a step terrorism.
Adam Montana (Dinar Guru) There’s one name in particular that I’m happy to see in the news: Abadi. Anyone who’s been in this for more than a couple years has seen the amazing progress that’s come about since Maliki got the boot and Abadi came stomping in with the big boy pants on! The GOI was revamped, decluttered, and streamlined. Parliament picked up the pace and got a lot of things done that were simply not happening under the previous administration, and now: 1. Abadi confirms he’s planning on running for a second term. I see this as a shoe-in, no-brainer, it will happen, DONE. (Yes, we are going to hear some noise from the Maliki Camp, I say…ignore it). 2. Abadi is working hard towards full IMF and basically global support, and the fruits are coming. [post 1 of 2….stay tuned]
Adam Montana (Dinar Guru) 3. “This week on Fox News Sunday: Haider al-Abadi, Prime Minister of Iraq, in an exclusive interview.” Get your popcorn out! Abadi on with Chris Wallace this weekend. Don’t expect a huge announcement from Abadi on the RV…this is just more proof that Iraq and the PTB are not going to stay where they are. The country is poised to make a leap, and we’re watching! Another thing I am paying close attention to in the news is Saudi Arabia… there is a LOT going on with that country right now. It’s a very complex situation, but the direction is tremendously good for us and for Iraq’s future as a very powerful and wealthy country. That might be one of the reasons why Saudi Arabia is taking these steps: “Saudi Arabia plans to cancel previous debt on Iraq” Bottom line…this is happening fast, and we’re just here for the ride. [post 2
of 2]
______________________________________________________________
MadDScout (Dinar Guru) – I know Abadi had a busy day today [Tuesday]. Abadi today met with : President Trump, V.President Pence, Secretary of State Rex Tillerson, Speaker of the House Paul Ryan and members of Congress, US Trade secretary Wilbur Ross, US Chamber of Commerce, along with delegations from GE and Boeing among others.This is a very good feel of how the new US President is working in a positive way with Iraq. [post 1 of 2….stay tuned]
______________________________________________________________
MadDScout (Dinar Guru) –Article: “Abadi discusses with US Trade Secretary lifting obstacles to investment companies” Quote: “Prime Minister Haider al-Abadi, during his visit to the United States, discussed with US Commerce Secretary Wilbur Ross the promotion of trade cooperation between the two countries.” This was a very good meeting from reports. I can not remember a one day event that produced so much positive for all sectors. It was like Abadi ran the table today. LOL …was a very positive day for us investors and for Iraq as a whole. [post 2 of 2]
______________________________________________________________
Backdoc (Dinar Guru) …THE TWO SHIA BROTHERS (iraq and Iran) HAVE BEEN DELAYED IN THEIR NEW INTERNATIONAL PAYMENT SYSTEMS BUT THAT WILL COME TO AN END SOON. IT APPEARS THE TWO SHIA BROTHERS HAVE HAD A SIMILAR DELAY? …BASED ON THE ADDITIONAL ARTICLES THAT I HAVE STUDIED, I BELIEVE ALL IS ON TRACK FOR BOTH SHIA BROTHERS.
______________________________________________________________
Backdoc (Dinar Guru) Article: “Keywords announce start implementing the e-government project” VERY INTERESTING…WE GO FROM IMPLEMENTING THE DIGITAL E- DINAR ON FEBRUARY 8TH TO NOW GOING DIGITAL FOR GOVT. FUNCTIONS! YES, THE DIGITAL BLOCKCHAIN ADDS BETTER SECURITY, SPEED, AND EFFICIENCY! THIS WILL HELP PUT A HURT ON CORRUPTION!
______________________________________________________________
Adam Montana (Dinar Guru) – You’re probably also seeing a lot of positive news regarding ISIS, Mosul, etc on the “tube”. Or at least, you aren’t seeing so many negative news stories… and you know why that is, don’t you? It’s very simple – the media isn’t making a big deal about Iraq anymore because things are going REALLY GOOD, and those aren’t the stories that sell ads! …there is a LOT of progress happening right now with oil, agreements, and security. These are exactly what we want to see! We are getting to a point in this Iraqi Dinar situation that has me excited again, finally, and it’s been a long time since I felt this upbeat about the Dinar. We’ve been going in the “right way” for a long time, but now we are on a STRONG path to victory!
______________________________________________________________
Follow us on twitter @DinarUpdates !!
Dinar Updates – “NEWS TIME” w/BGG & Company – March 26th 7:30pm CST – In the DU CHAT Room!!
Kaperoni (Dinar Guru) – Article quote: “in addition to the reform of the banking sector to support growth led by the private sector before starting the process of reconstructionin post – Daesh.” This seems to imply the banking sector reform is just around the corner…
______________________________________________________________
Aggiedad77 (Dinar Guru) – Article: “Iraq looking to raise obstacles to the entry of US companies to invest” IMO when Abadi talks here about “raising obstacles” he’s referring to a lessening of red tape for American companies and also a HUGE reduction in corruption issues that have kept many companies away in the past…He’s smiling because he knows who will pave the way for the success of his government as well as his country…and it will not be Iran…He’s got a new buddy in President Donald Trump and his administration…IMO look for Trump to be paying Iraq a visit this year…Frank [Guru Frank26] said that issues with investors has to do with Iraq’s restrictions on capital movement…as well as UN sanctions not being lifted, thus causing countries and investors to not want to go against the UN…Abadi has some definite changes he needs to make…that he can make…lift those restrictions…raise the value of your currency…get rid of the UN restrictions…IMO.
______________________________________________________________
Kaperoni (Dinar Guru) – […wondering if Trump can push for currency reform.] Currency reform is a consequence of economic and banking reform. …the IMF has made it very clear the dinar will be floated and will rise as a result of the growth of the economy. There is no confusion, it is stated clearly…the Balassa-Samuelson effect. ”Balassa–Samuelson implies that countries with rapidly expanding economies should tend to have more rapidly appreciating exchange rates.” In other words Iraq’s dinar is directly related to the growth of the private sector/market economy.
______________________________________________________________
Kaperoni (Dinar Guru) – Article: “International Monetary Fund agrees to release contractors’ receivables” Quote: “The appearance of Mohammed Saleh that the second review of the credit agreement showed a clear understanding and success…This success is the understanding and agreement on the release of receivables of all contractors amounting to more than 4 trillion dinars once the Federal Audit Bureau announced the completion of audit contracts contractors, and we know the SAI is about to complete this process.” So the IMF is going to pay almost $4 billion dollars to unpaid contractors in Iraq. This is huge.
______________________________________________________________
tman23 (Dinar Guru) –This week in Washington is the NATIONAL COALITION MEETING…THE FIRST WHERE ALL COUNTRIES WILL BE TOGETHER…68! …THIS IS ALL ABOUT IRAQ AND SYRIA AND SPECIFICALLY ISIS…
______________________________________________________________
Kaperoni (Dinar Guru) – Article: “Sabri: Iraq’s economy will rise over the next five years” ...this statement is in line with several of the CBI going back a few years that the deletion of zeros would take 4-5 years. Sounds to me like they expect a gradual appreciation of the currency as the economy grows. Anyone? Balassa-Samuelson effect…
______________________________________________________________
Abadi looking with two US firms electricity and airlines to develop
Economy News / Baghdad …Search Prime Minister Haidar al-Abbadi (who is visiting Washington for now), with two US firms to develop the electricity sector in Iraq and the Iraqi air lines.
tman23 (Dinar Guru) – …ABADI BEST COME BACK FROM WASHINGTON WITH AN ARSENAL OF GIFTS FOR THE CITIZENS… OTHERWISE/WITH ACCESS TO FUTURE INTERNATIONAL LOANS BEING LIMITED…TICK-TOCK…TICK TOCK.
______________________________________________________________
Kaperoni (Dinar Guru) – The IMF would never agree to accept Iraq into Article VIII if they cannot comply with the Article VIII requirements… That means they must show stability at 2% or less for 90 days prior to acceptance into Article VIII. I don’t see anyway around that. That being said, they could get off the peg without approval from the IMF.
______________________________________________________________
firefly (Dinar Guru) – Anybody that’s been in this investment for any period of time should know that a lot of negative news will pop it’s ugly head at the end. Just remember what Dr. Shabibi said at Jackson Hole back in 2011 when he was asked when he will do the currency adjustment. After thinking about the question for a bit of time he stated “AFTER MUCH MEDIA PROPAGANDA” This is not about us. Just be thankful we were given the opportunity to be a part of this investment. Timing is everything right now. One mistake in their calculations would be catastrophic. …the true rate will show on the CBI 1st.
______________________________________________________________
Deputy: Abadi visit to Washington made Iraq the Middle East equilibrium point
MP in parliament, Abdul Rahman Alloizi, on Thursday, Prime Minister Haider al-Abadi’s visit to Washington has created a kind of balance in the Middle East.
He Alloizi, L / balance News /, said that “al-Abadi’s visit to Washington came in the context, the fact that Iraq today is one of the closest allies of the United States.”
firefly (Dinar Guru) – Historically all currency adjustments are made in the 1st quarter of the fiscal year. Kuwait and Zambia are good reference points. There is much going on behind the scenes that we are not aware of. I for one am extremely excited at where we sit today.
______________________________________________________________
Kaperoni (Dinar Guru) – Article: “Expert: Iraq is heading for a social market economy within the plan that will last until 2030” More importantly, currency reform must begin before they will ever have a market economy.
______________________________________________________________
Kaperoni (Dinar Guru) – Article: “Detection 3 “goals” Abadi seeks to achieve” Quote: “…three goals of Prime Minister Haider al-Abadi seeks to achieve with major countries (Germany, Britain, America), as he emphasized the lack of plans for more “lending”, attributing the reason to determine Iraq certain doors by donor countries…” To me, this says they better get to work..and soon… “there are no plans for further lending”.
______________________________________________________________
BGG (Dinar Guru) – Quote: “…Based on the preliminary findings of this mission, staff will prepare a report that, subject to management approval, will be presented to the IMF’s Executive Board for discussion and decision…” exactly what decisions do the IMF executive board have to make coming up? I mean – they only deal with one thing. INTERNATIONAL MONETARY FUND. […can the CBI make a move before the DC meetings?] the CBI can do whatever they want…if the IMF doesn’t give their blessing who are they gonna’ sell their currency to? without international acceptance – there is no market. [post 2 of 2]
______________________________________________________________
BGG (Dinar Guru) – Quote: “The Iraqi authorities and IMF staff started discussions on the second review of the SBA. These discussions will continue during the upcoming IMF and World Bank Spring Meetings from April 21–23, 2017 in Washington, DC.” This is saying these finalization talks were already started…and will resume – (at the latest) in D.C. Quote: “During the visit, the team met with the Acting Minister of Finance Prof. Abdulrazzaq A. Jaleel Essa, Acting Governor of the Central Bank of Iraq (CBI), Dr. Ali Mohsen Ismail Al-Allaq, the Financial Adviser to the Prime Minister Dr. Mudher Saleh, and officials from the ministries of finance, oil, planning, the State Oil Marketing Organization, the Central Statistical Office, the Central Bank of Iraq, and representatives from the Kurdistan Regional Government, and the Board of Supreme Audit. The team would like to thank the Iraqi authorities for their cooperation and the open and productive discussions.”Mohammed Saleh…he’s been in these big IMF “shindig” meetings from the 5th to the 17th… he’s excited. [post 1 of 2….stay tuned]
_____________________________________________________________
Kaperoni (Dinar Guru) – Article: “Detection 3 “goals” Abadi seeks to achieve” Quote: “…three goals of Prime Minister Haider al-Abadi seeks to achieve with major countries (Germany, Britain, America), as he emphasized the lack of plans for more “lending”, attributing the reason to determine Iraq certain doors by donor countries…” To me, this says they better get to work..and soon… “there are no plans for further lending”.
_____________________________________________________________
Revbo (Dinar Guru) – “Statement at the End of an IMF Mission on Iraq” Quote: “…repair the banking sector are needed to support private sector-led growth and diversification of the economy once post- ISIS reconstruction is underway.” [I really believe we will see currency reform begin soon after the country is rid of ISIL since it is so important to the success of a private sector/market economy.] If they don’t turn it loose shortly after Mosul is liberated, they will be wasting a golden opportunity and a ton of momentum for a growing economy and national reconciliation.
_____________________________________________________________
Kaperoni (Dinar Guru) – “Statement at the End of an IMF Mission on Iraq” Quote: “…repair the banking sector are needed to support private sector-led growth and diversification of the economy once post- ISIS reconstruction is underway.” I really believe we will see currency reform begin soon after the country is rid of ISIL since it is so important to the success of a private sector/market economy.
_____________________________________________________________
Revbo (Dinar Guru) – I don’t know if this means anything, but yesterday was the first time I’ve ever seen no street rate posted on the CBI’s auction page.
______________________________________________________________
Maliki’s wealth estimated at $40 bln: sources
Iraqi former PM Nouri al-Maliki’s wealth is estimated at $40 billion, informed sources told The Baghdad Post on Thursday.
The sources revealed the 67-year-old has made his wealth through manipulating the Iraqi Central Bank’s accounts as well as his suspicious projects inside and outside Iraq.
They also confirmed he took over the 2014 state budget without releasing concluding statements….
1bobby (Dinar Guru) – It’s amazing how far the Banking Industry has come and continues to go… Article: “Insurance Association of Economics News: start with insurance on ATMs for banks” So why would they want to insure an ATM in such an unstable environment? Some have asked “Does this mean the LD’s are ready to roll out?” Not necessarily, but it does indicate they are willing to get them out of the banks and airports and put them into the streets at some point. I loved the quote “Never make such insureance in Iraq, which would provide service to citizens through larger deployment of ATM in the markets and public places and cultural phenomenon which is developed to serve the economy“.
_____________________________________________________________
Loop (Dinar Guru) – Article: “Alheims: the government was forced to borrow because of the external costs of the war effort Banks” Quote: “…he pointed to the achievement of the proportion of the profits of the bank increased by 300%, confirmed go half to the Treasury the public.” TBI increased it’s profits by 300%! It’s amazing how profits soar when people are not stealing the money! This little article speaks volumes on how effective the monitoring of the banking system is. A 300% increase in profits under normal economic conditions is beyond huge. Folks Iraq is at war and the TBI saw a 300% increase in profits. That is simply unheard of.
_____________________________________________________________
BGG (Dinar Guru) – Here’s a weird tidbit – just happened this AM …they changed the way they list the currency auctions – this AM…no rate – they took out the 1182 part. NADA. MIA.
______________________________________________________________
Regarding the D.U.C.E. List e-mails –
If you are not receiving D.U.C.E. messages, it’s possible the receiving mail server is blocking or filtering the message before it’s delivered to your inbox. One solution is to whitelist our domain and IP ranges so that the server will allow messages through the block.
Below is our whitelisting information. You’ll want to provide this information to your IT or website administrator and they can add it to the mail server so that future messages are delivered to your inbox… or add this info to your e-mail profile.
DinarUpdates.com Domains: From domain – mail.vresp.com Bounce domain – cts.vresp.com
DinarUpdates.com IP ranges: 74.116.89.0/24 74.116.91.0/24 63.251.246.0/24
BGG (Dinar Guru) – Article: “(Reuters) Iraqi Prime Minister Haider al-Abadi said the government offensive to recapture the city of Mosul from Islamic State militants was in its final stages.” Mosul moving to an end soon. Boom. [Whats your thoughts…that an rv happen could happen before april or during april. Being info. out of Iraq is usually already happened so mosul prob closer to done sooner than later!] Not sure – but I’m very excited I’m still in this thing!!
______________________________________________________________
Loop (Dinar Guru) –Article: “TBI launches new producer certificate of deposit” Quote: “He added that this certificate has launched with the approval and blessing of the Iraqi Central Bank and is guaranteed payment at the moment of the citizen request to withdraw amounts.” This is beyond huge IMO. In the past this is the main complaint that the citizens have had. This is saying that if you deposit your money with us and invest it into these CD you are guaranteed to be able to access your funds when you need to. Getting the citizens to deposit their money into the banks is a critical component of moving to a free market economy. When the banks have liquidity they can loan the money needed to fuel the private sector, which will lead to explosive economic growth the likes that we have not seeing in our lifetime… IMO.
______________________________________________________________
Loop (Dinar Guru) – Article quote: “today we move from a centralized economy to a market economy” Who is saying this? Dr. Mohammed Saleh economic advisor to Prime Minister al – Abadi! BOOM! …moving to a true market economy would have to include an internationally recognized currency. Market Economy = Free Market Economy. There are currently 180 countries that are ranked from Free to Restricted. Iraq is not listed. Of the 180 list countries how many of them have a currency that is internationally recognized? All of them. So do you think it is reasonable to theorize that given Saleh’s quote “today we move from a centralized economy to a market economy” that with Iraq’s move to some form of a market economy that the IQD will have to be internationally recognized as well? I DO!
______________________________________________________________
BGG (Dinar Guru) –These days – throw a rock in any direction and you hit a STUNNING NEWS PIECE. “They” have pretty much showed us the outline…and it’s being worked out now. Let’s hope they get the reform projects started soon. Because the beginning of the Iraq currency reform is when your life changes.
______________________________________________________________
The Dinar Round Table Call!! “with the whole DU Crew” from Tues nite – Mar 14th Click-N-Listen!!
Kaperoni (Dinar Guru) – Article: “Zain launches Cash trading platform to stimulate entrepreneurs Iraqis to turn their ideas into innovative reality“Iraq is going from the stone age to the state of the art very quickly. This is important for sure an they move away from a closed banking system to one that engages with the global financial system. IMO, this will support and encourage the rapid growth of a private sector/market economy.
______________________________________________________________
BGG (Dinar Guru) – [Why would it be logical for Iraq’s RVed rate to come out lower than Kuwait’s current rate when Iraq has so much more oil (and other resources) thank does Kuwait?] Logical – except oil resources and prices have zero to do with currency valuation – according to the IMF… Further – since the very definition of “currency” is a “promissary note” on the economy of a country. Truthfully – it’s going to be what the world – ie, IMF, UN, WB wants it to be…since…each currency is limited by boundaries of acceptance. In Iraq’s case – it is not internationally traded and therefore not accepted. …is this on the horizon – it sure looks promising… however, Iraq could “price” their currency at whatever they want… without international acceptance and support – who would buy it?
______________________________________________________________
BGG (Dinar Guru) – Articles: “Mosul .. Iraqi forces predict the ‘big wins’ within hours” “Mosul war will end very soon .. and Abadi called on Iraqis in Germany to return to their homeland” “Jubouri Macgork: Today suitable conditions for a comprehensive national reconciliation” So there are a few juicy headlines… I am still amazed at everything going on over there – and people still (as late as last nite) e-mail me boo hooing about how it hasn’t happened yet. I just comment on it – the mass of incredible news is just stunning. Iraq is moving forward with great speed. [We haven’t had any formal news from the CBI over the last few weeks about the delete the zeroes program, are you still of the impression that they are going to go ahead once Mosul is finished?] I can only go by their most recent commentary – all looks good from what they have said. Once this security “check box” is filled – we’ll have to see what they do.
______________________________________________________________
Economic Adviser to the Prime Minister: any country linked to terrorism must be written off debts and in 2022 we will be the biggest payment
BAGHDAD / tomorrow Press: After Greece ‘s financial crisis and what is passing through Jordan today ‘s economic crises feel the Iraqi people who have multiplied and multiplied his government loans scared, Dr. appearance of Mohammed Saleh economic advisor to Prime Minister al – Abadi spoke about the Iraqi debt in detail in this dialogue, and pointed to the accumulation of past debt and current debt, benefits and how to repaid warning in 2022 , which will be the largest payment , according to his description…
Phillyman (Dinar Guru) – I’m hoping that behind the scenes there is alot going on that we are clueless about to keep Iraq going in the right direction.It is hard to imagine that so many countries would pour so many resources into Iraq without being pretty certain of it paying off.
______________________________________________________________
tman23 (Dinar Guru) – Post Mosul…What does the Iraqi government have to offer the citizen? What immediate services can the GOI provide? IMO…THE HEADS OF IRAQ MUST DAZZLE THEIR PEOPLE WITH SOMETHING MORE THAN TALK ABOUT A GREAT FUTURE…IT’S TANGIBLE TIME, SOMETHING THEY CAN PUT THEIR HANDS ON… Abadi promised them all a raise retro active back a full year when he became the PM…Never knew where the $$$ was coming from then… The people do not believe in their government or their country. IMF says on their website that a countries currency can have a major psychological affect on it’s citizens…We shall see !!
______________________________________________________________
tman23 (Dinar Guru) – Article quote: “WASHINGTON,— U.S. Secretary of State Rex Tillerson met with Iraqi Oil Minister Jabbar al-Luaibi at the State Department on Friday.” SOME SERIOUS PLANNING GOING ON...OIL MAN TILLERSON MEETING WITH Al-Luaibi…THE CALL FOR ABADI TO GET TO WASHINGTON AHEAD OF SCHEDULED DATE…IMF MEETING TAKING PLACE WITH IRAQ…THEY HAVE A PLAN ROLLING OUT…LETS JUST HOPE IT INCLUDES US AND 3 ZEROS.
______________________________________________________________
Enorrste (Dinar Guru) – It is natural for those of us who have been in this game a long time (over 10 years for me) to get frustrated now and then. I am confident that we will make a significant profit within a reasonable period of time. I am 68, so that “reasonable period” isn’t that long!
______________________________________________________________
tman23 (Dinar Guru) – Post Mosul…What does the Iraqi government have to offer the citizen? What immediate services can the GOI provide? IMO…THE HEADS OF IRAQ MUST DAZZLE THEIR PEOPLE WITH SOMETHING MORE THAN TALK ABOUT A GREAT FUTURE…IT’S TANGIBLE TIME, SOMETHING THEY CAN PUT THEIR HANDS ON… Abadi promised them all a raise retro active back a full year when he became the PM…Never knew where the $$$ was coming from then… The people do not believe in their government or their country. IMF says on their website that a countries currency can have a major pyscological affect on it’s citizens…We shall see !!
______________________________________________________________
Mosul .. Iraqi forces predict the ‘big wins’ within hours
Spokesman for the Iraqi joint operations Yahya said Messenger Saturday that “the coming hours” could see a “great victories” of Iraqi forces on Daesh fighters in Mosul, pointing out that the liberalization of the west coast of the entire city is near…
BGG (Dinar Guru) – Anyone recall how many days it’s been since the CBI website went without updating the daily rate? [They went from January 4th up until a couple days ago, so like 45 business days or so.] Kinda’ weird how they just started updating the CBI website again – after something over 45 days? Wow? No change in status – of course…just really weird.
______________________________________________________________
tman23 (Dinar Guru) – HOLD ON TO YOUR SEAT… “WASHINGTON,— U.S. Secretary of State Rex Tillerson met with Iraqi Oil Minister Jabbar al-Luaibi at the State Department on Friday. Al-Luaibi did not comment on questions from reporters about U.S. oil investment in Iraq.” “Mr. Minister, are there plans to expand U.S. oil investment in Iraq?” one reporter asked. Tillerson extended a handshake to the minister and said, “welcome.” Reporters were then quickly escorted from the room.” AND THEN… “Iraqi Prime Minister Haider al-Abadi has expressed a willingness to make a visit to Washington ahead of an earlier date, which had been set for the week of March 19...” KABOOM! The reschedule comes at the request of the White House…ABADI GOING TO WASHINGTON EARLIER THAN SCHEDULED.
______________________________________________________________
Kaperoni (Dinar Guru) – Article: “Central: financial sector management electronically end of 2017” …one of the reasons the dinar will rise gradually is that the CBI can profit as it rises.The buy/sell of the dinar creates commissions. It is those commissions that will replace the revenue the CBI seeks when it ends the daily auctions.
______________________________________________________________
MadDScout (Dinar Guru) – [...if the budget is starting to be opened, will they be opening it with the new rate?] Rate is something subject to conditions needing to be met not something already in the budget.
______________________________________________________________
Kaperoni (Dinar Guru) – Article: “The appearance of Mohammed Saleh: the central bank has a big role to emerge from the financial crisis for the country” There is no private sector without opening the banking system to the world. Simple as that.
______________________________________________________________
BGG (Dinar Guru) –[how is investment?] The investment is doing just fine – glad to be in it. No need for “secret intel” sources. This is getting good. Alak (that would be the Gov of the CBI) and Abadi (that would be the Prime Minister of Iraq) were both “forecasting” the start of economic and financial reform as soon as ISIS was defeated in Mosul – they were believing this would have happened in Jan – Feb…BUT… their optimism is still real – “first part of 2017” is still accurate – this appears to be a foregone conclusion, ISIS gone – MR started. So – we’re good…and appears to be happening as we speak...
______________________________________________________________
Mohammed Saleh: The central bank has a big role to emerge from the financial crisis for the country
Economy News / Baghdad … Set up the House of Wisdom Department of Economic Studies panel scientific symposium, Thursday, on the implementation of private sector development in Iraq strategy requirements (2014 2030)
The seminar was attended by Dr. appearance of Mohammed Saleh financial advisor to the prime minister and professor Samir Nasiri, an economist and banking and a number of economists and bankers*
And Dr. appearance of Mohammed Saleh during the symposium on how strategic economic implement and apply them to the ground adding that the private sector is the backbone of the Iraqi economy and millions of citizens working within the private sector, calling out the importance of getting rid of the market gap through public sector cooperation and private in order to create a large market…
Enorrste (Dinar Guru) –The result, of course, will be an enormous upward pressure on the value of the dinar as new investment money comes into the country. You can rest assured that most of the “Fortune 500” companies in America, not to mention others around the world, will want to “stake their claim” in this market as soon as the proper conditions permit. That time frame has been given in this article: sometime in the fourth quarter of this year. I expect the float to begin late in the third quarter or early in the fourth quarter. I expect the money supply to fall with the rise in value of the dinar. Then I expect a cascading effect as more and more new money floods into Iraq for investment, thus putting even more upward pressure on the dinar value. Within two or three years we should see a world reserve currency emerge and be poised to take our profits. [post 3 of 3]
______________________________________________________________
Enorrste (Dinar Guru) – The next phrase that struck me is “the adoption of advanced banking technologies adopted by the biggest banks in the world.” This phrase emphasizes…that this article is clearly stating that Iraq will be opening the dinar to the world market by the end of this year. Following along with that…is that this will only happen if they also float the currency. This is where our investment will begin to pay off for us all. …this will have to be at least initiated prior to the end of this year. It is a process that will take some time to implement. It will be imperative that the CBI get the money out of the mattresses before allowing the value to rise too high in order to avoid serious inflation. This brings me to the last great phrase. That phrase is “the entry of active cooperation with the world’s largest companies.” Once this new high-tech banking system is in place we will see the “Wild West” that KAP [Guru Kaperoni] and I have described many times over the years begin to occur. Investors all over the world, and in particular “the world’s largest companies,” will leap at the chance to enter into this essentially untapped market. The guarantees (insurance) and electronic security provided by a state-of-the-art banking system akin to that used by the most advanced countries in the world will be a huge magnet for these mega-companies to get their feet wet in the Iraqi market. [post 2 of 3….stay tuned]
______________________________________________________________
Enorrste (Dinar Guru) – Article: “Central: financial sector management electronically end of 2017” There are four phrases in this article that got me excited…The first is the phrase “in the best world systems.” What this means is that the IMF is bypassing older and more traditional methods of change and are instead moving Iraq to the “front of the line” in terms of technological development. This is consistent with Saleh’s statement made years ago that the dinar would become a “world reserve currency.” When your banking system is among the world’s best that means that you are poised to move directly into the world foreign currency exchange market. But the next phrase is where Saleh’s statement about the dinar become a world reserve currency gains some credence. That phrase is “helps to pull the money supply of homes to the banking sector.” We have read over the years that this is a major concern, namely, how do we get people in Iraq to pull their dinars out of their mattresses and put them into the banking system? It seems evident from this phrase that this is intended to do just that. Now, the connection to Saleh’s prediction about the dinar becoming a world reserve currency is that as these dinars come out of the mattresses and into the banks they can be destroyed by the CBI, thus lowering the overall money supply, allowing the value of the dinar to rise. The rising value of the dinar, given their high relative reserve position, will ensure that the dinar will become one of the strongest currencies in the world. [post 1 of 3….stay tuned]
______________________________________________________________
Maliki afraid of his trial and the inauguration of the new governor of the capital to fuel the conflict between him and the Sadrists
Raged differences within the National Alliance, a Shiite ruler, after the dismissal of the former Baghdad Governor Ali al-Tamimi and the election Atwan Atwani substitute, where the former governor Ali al-Tamimi belongs to the Sadrist movement block free, while the new governor belongs to the bloc coalition of state law, led by Nuri al-Maliki, who began the liquidation of political opponents during his bloc in parliament, where he has managed in the last period of the dismissal of a number of ministers and officials in the government as a kind of revenge for the lack of support for the third term of the former Prime Minister, Vice President of the Republic the current Nouri al-Maliki, and the latest was the governor of Baghdad, Ali al-Tamimi, who formed his dismissal pivotal point in Shiite conflict within the House…
Adam Montana (Dinar Guru) – [adding to the previous question… what three 0 notes do you think they will want to take out of circulation? Do you think there is any chance they will not be taking the 5,000 note out of circulation?] My guess would be that the first to go will be the 25,000 and 10,000. Followed within 6 months (at most) by all the rest, to be replaced with the new issue. [post 2 of 2]
______________________________________________________________
Adam Montana (Dinar Guru) – [When they revalue it, no matter what number it goes to…Let’s say it’s .10 cents hypothetically. I think everyone pretty much agrees it will still rise from there. If that’s true, will they announce to the dinar holders that there is a certain amount of time to exchange yours? Or will that time limit be a mystery to everyone?] I do agree that it will rise, especially if they start it at $0.10…that said, it’s impossible to pinpoint which notes they will call in first, or how long they will allow the “old” notes to remain in circulation. Other countries that have re-denominated have used 90 days. I think it’s reasonable to think we can expect that much time, but there is no guarantee on that. [post 1 of 2….stay tuned]
______________________________________________________________
BGG (Dinar Guru) – Article: “Warnings of severe deterioration of the dinar after the appetite for dollar” This is an OP ED piece…Opinion of writer only…no guarantee of veracity… the big take-away for me was – the author points out a few things that are HISTORICALLY accurate – then says – IN ESSENCE, you can fix it all with currency reform. Quote: “…in addition to that some of the citizens and the owners of the money prefer the dollar for the dinar for easy transfer and retention of the fact that the money supply will be less, and that’s what we confirm it previously necessity currency project to delete the zeros of the three of the currency, which he can solve a lot of problems…” “...CAN – SOLVE – A – LOT – OF – PROBLEMS…” BOOM!
______________________________________________________________
IS leader Baghdadi abandons Mosul fight to field commanders, U.S. and Iraqi sources say
By Isabel Coles, John Walcott and Maher Chmaytelli | MOSUL, IRAQ/WASHINGTON
U.S. and Iraqi officials believe the leader of Islamic State, Abu Bakr al-Baghdadi, has left operational commanders behind with diehard followers to fight the battle of Mosul, and is now hiding out in the desert, focussing mainly on his own survival…
Loop (Dinar Guru) – “REACT controls on the main court of the organization and the Central Bank branch in Mosul” THEY RETAKE THE MOSUL BRANCH OF THE CBI AND THEY ARE READY TO ASSESS THE DAMAGES SO THEY CAN REPAIR IT AND OPEN THE DOORS.
______________________________________________________________
tlm724 (Dinar Guru) – Article: “Adviser at the Central Bank of Iraq overcome the financial crisis and will become the country’s foreign investment” Things are progressing nicely for Iraq. Stability is close at hand! IMO the currency reform is on the horizon. The CBI keeps on keeping on, making the needed adjustment to policy to make things right to go forward.
______________________________________________________________
Shredd (Dinar Guru) – Article: “Central Bank: the financial crisis behind us and the next few days are promising” Quote: “Iraq will become a country of foreign investment as a result of competing foreign international companies to invest in the reconstruction after the devastating cities recovered from Daesh.” This is a great reminder of the wealth Iraq has and the interest from foreign investment. “Iraq will become a country of foreign investment” — that is for sure and as note, that will become a huge part in the rebuilding of the country. In this same period of time, the stability that is sought by the CBI for their currency reform can then move forward. …this is not an “If” but a “When” regarding the legal tender, globally accepted dinar to become the primarily used currency of Iraq.The immense amount of progress in the banking and investment laws, the protections for investors, the banking customer vetting via KYC, the project to remove the zeros and so many more accomplishments all still stand. None of the progress the CBI and the GOI have made to mature from their past dictatorship have been repealed. Progress has been and continues to be forward.
______________________________________________________________
Islandg1211 (Dinar Guru) – Many of us were hoping that Trump would speed up the RV. He may not have done that, but rest assure he isn’t going to let it be delayed. He’s put pressure on getting rid of ISIS both in Mosul and in Raqqa. The RV needs, IMO, in this order: 1) Mosul (and then Raqqa) 2) National Reconciliation Law 3) Day of Celebration for getting rid of ISIS and coming together politically 4) HCL 5) RV with no announcement nor fanfare. Trump certainly could try to push a settlement politically quicker and get the RV done sooner. But, for right now, it looks to me like my prediction of mid-summer with my list of things getting done prior still stands. In January, I posted these same thoughts, and I don’t see anything new to amend my opinion on the RV date of mid-summer with a rate just above the USD, around $1.13 (the high end of the original Ernst and Young appraisal of the Dinar.)
______________________________________________________________
Kaperoni (Dinar Guru) – Article: “Central: financial sector management electronically end of 2017” Currency reform should start well before end of year IMO.
______________________________________________________________
MadDScout (Dinar Guru) – Article quote: “The local market has seen a marked decline in the dollar against the Iraqi dinar and by five thousand dinars to the category of $ 100.” “marked decline by five thousand dinars to the category of $ 100.” …what we are seeing is the measures by CBI recently put in place to bring the dinar street rate in line with the cbi rate even against a strong dollar. Today they received 30 billion in loan assistance…18 from imf and 12 from Great Britian.
______________________________________________________________
revbo (Dinar Guru) – Article: “Iraq forces advance into Mosul city” …the news is everywhere, this morning, that ISF has taken the second bridge, so they have at least secured the small district just to the west of the river, where the second bridge is, which gives them direct access to Old Mosul.
______________________________________________________________
Central bank: Iraq overcome the financial crisis and the coming days bode well
The Central Bank of Iraq adviser Walid Idi, that Iraq exceeded the financial crisis, pointing out that the coming days bode well.
He Idi said in a statement that the crisis austerity and fiscal deficit as a result of lower oil prices in the last period has ended, adding that, Iraq will become a country of foreign investment as a result of competing foreign international companies to invest in the reconstruction of liberated cities, and pointed Idi that the entry of foreign Iraq’s companies reflect a positive outlook It will contribute to attracting major countries to rebuild the liberated areas and the holding of joint agreements for investment as well as trade exchange and activate tourism and oil industry.
Loop (Dinar Guru) – to follow this comment up – the very next day they same thing happened again. The street rate for the Dinar got another 3k per 100 USD stronger… looking more and more like a trend. Monetary policy (in the real world) is tightening up…and I point this out because…the culmination of what we are wanting to see is being forecast by numerous other, smaller moves – this being one of them. Corruption, International agreement, financial mgmt procedures getting better, security and stability. All happening now.
______________________________________________________________
BGG (Dinar Guru) – Article: “Central bank: Iraq overcome the financial crisis and the coming days bode well” Quote: “…Iraq will become a country of foreign investment as a result of competing foreign international companies to invest in the reconstruction of liberated cities…” None of this can happen…without a serious shift in economic and currency policy. Just can’t happen. They are back to “forecasting” as they were in late 2016…this time – the timeline isn’t months or a part of the year…but it’s “days” in their own words…NOT weeks, months or years.
______________________________________________________________
Kaperoni (Dinar Guru) – Article: “Central: financial sector management electronically end of 2017” Quote: “...the current year will see in the fourth quarter sophisticated financially important is linking the banking sector…” This is a huge article! It appears to me that they are stating that this year they expect to open the banking system to the world. That freedom of movement and international transactions will begin. This to me, appears to be confirmation that during 2017 we will see the beginning of currency reform.
______________________________________________________________
Revbo (Dinar Guru) – Article: “Central Bank: the financial crisis behind us and the next few days are promising” Sounds like they want to get things moving pretty quickly after Mosul is over, and nobody’s coming in if they can’t get their money out.
______________________________________________________________
Phillyman (Dinar Guru) – Articles: “Iraqi command says a few meters close from Mosul government complex” “Iraqi forces control most of 2 western Mosul districts, pound Tal Afar” “Iraqi forces launch fresh push in western Mosul battle” “Iraqi forces near government buildings in Mosul as fight against ISIS continues” Obviously the timing of the Mosul operation being complete is all over the place but I wanted to put this quote from the first article here in case you missed it. This is the opinion of a Lt. General, Federal Police Chief: “He said the troops have become a few meters away from the government complex, adding that retaking that area could mean “a 80 percent strategic and moral victory in western Mosul battles”.
______________________________________________________________
Adam Montana (Dinar Guru) – I mentioned in my weekly…update that I’m getting a bit giddy right now. There’s a good reason for it! We are at a tipping point, and this is going to either make us some money, or we’re going to be walking away soon. Either way, I think all of us will be happy. Either we make out like bandits or we just say “we enjoyed the ride”, right?! Based on what I’m hearing from my people, I am leaning toward the bright side of it.
______________________________________________________________
Loop (Dinar Guru) – Quote: Article quote: “The local market has seen a marked decline in the dollar against the Iraqi dinar and by five thousand dinars to the category of $ 100.” marked decline by five thousand dinars to the category of $ 100. That is all it is saying.Not that the exchange rate 5000 dinar to 100 dollars. This is right in line with the CBI’s statement made on Wednesday. [so what does that mean…?] It means that the CBI has put a system into place that allows them…control of the stability of the dinar in the market place. This systems removes the middlemen and gives them end to end transparency for all transactions. This is exactly what the IMF wants them to do. Very important move on their part.
______________________________________________________________
Vision that the economic recovery in the post-Iraqi dinar
Economy News / Baghdad … The CBI has issued a press statement in which he explained that the slight decline in the dollar against the Aldenarabraghi it causes Alryise PROCEDURES AND ORGANIZATIONAL new used to regulate the sale of Currency window and curtail the role of middlemen and speculators as well as the commitment of the private banks and their cooperation with the Central Bank of cushions and the role played by the Association of Banks He urged the Iraqi special departments of banks on the need to support the orientations of the central bank at the service of the national economy and harnessing the potential of the private banks in the central purpose of which is to work on the recovery of the Iraqi dinar and raise its value and cash Acharayah against the dollar…
tman23 (Dinar Guru) – “Kurdistan region,— Masoud Barzani said the Iraqi Kurdistan Parliament and presidential elections will be held in September this year.” “There will be two elections in September: parliament and presidential,” Barzani said during an interview …I won’t be a candidate myself.” WHY IS THIS A FACTOR? TWO VERY POSITIVE SIGNS WITH ONE GLOWING IN NEON! AUGUST 2013 BARZANI CAME SPOKE OUT ON THE DINAR AND THE MENACING 3 ZEROS AND SAID HE WAS NOT LEAVING UNTIL THEY WERE LIFTED AND KURDISTAN COULD OPEN ITS ECONOMY…HE ALSO SAID HE WAS NOT LEAVING UNTIL KURDISTAN HAD ITS STATEHOOD…THE OPENING OF A FREE MARKET LEADS TO INDEPENDENCE…TOO MUCH GOING DOWN NOT TO THINK AGREEMENTS ARE READY TO SIGNED…NOT YOUR USUAL MEET FOR NATIONAL RECONCILIATION DISCUSSIONS OF THE PAST…i BELIEVE THEY MEET TO ANNOUNCE…AND SIGN…NOT NEGOTIATE!
______________________________________________________________
BGG (Dinar Guru) – Article: “Parliamentary Finance’s “approach” to postpone the project to delete the zeros until further notice” Quote: “…Finance Committee in the House of Representatives announced the postponement of the project to delete the zeros that was planned years ago to apply until further notice.” …that almost has the “smack” of her pointing out that this WAS PLANNED – then POSTPONED until further notice. Which is…accurate…they aren’t saying further notice isn’t tomorrow, next week or next month either. Why would they be “rehashing” a decision that was put off back in 2012 – right now? Over a concept that is DIRECTLY germane to their forward economic progress. In fact…it is a little weird this is coming out now – right near the end of Mosul… or in this “first part of 2017 timeframe” – why now? I think it’s obvious.
______________________________________________________________
Adam Montana (Dinar Guru) – …I have a couple of rumors that I’m holding onto. I had hoped to have a better confirmation on them before posting this… I do not have what I need in order to release it, so I’m sticking with my
original guesstimate of the rate. When I think about it, I hope I’m wrong and y’all are riding with me to a much higher rate! You don’t want to see $3.14 any more than I do! But I’m a realist, and that guides my logic on matters like this…Let’s move forward a few steps and talk about a ReValued dinar. I agree that a lower rate than the Kuwaiti Dinar will be a blow to the ego’s of the Iraqis. I agree that it should be on par with the USD, or even higher. I agree that the rate WILL get there… eventually. I believe that Iraq can sustain a very stable currency at a rate of $3 or higher, but I don’t think they will immediately jump to that rate even if they ultimately desire it to be so.
______________________________________________________________
Washington -arac Press -22 March / March: Prime Minister Haider al-Abadi said that “Iraq’s okay and we are embarking on what is best, and we are closer to unite than ever.”
He added Abadi, during a meeting with the Iraqi diaspora in Washington, said that “Daesh scheme to disrupt the unity of Iraq has been blocked,” pointing out that “our heroes stood in our fight against Daesh pause unable to talk about and described because the enemy wants to tear up the home, but was foiled their plan.”…
MadDScout (Dinar Guru) – I know Abadi had a busy day today [Tuesday]. Abadi today met with : President Trump, V.President Pence, Secretary of State Rex Tillerson, Speaker of the House Paul Ryan and members of Congress, US Trade secretary Wilbur Ross, US Chamber of Commerce, along with delegations from GE and Boeing among others.This is a very good feel of how the new US President is working in a positive way with Iraq. [post 1 of 2….stay tuned]
______________________________________________________________
MadDScout (Dinar Guru) –Article: “Abadi discusses with US Trade Secretary lifting obstacles to investment companies” Quote: “Prime Minister Haider al-Abadi, during his visit to the United States, discussed with US Commerce Secretary Wilbur Ross the promotion of trade cooperation between the two countries.” This was a very good meeting from reports. I can not remember a one day event that produced so much positive for all sectors. It was like Abadi ran the table today. LOL …was a very positive day for us investors and for Iraq as a whole. [post 2 of 2]
______________________________________________________________
Chattels (Dinar Guru) – I would note that the Spring / Nowruz Holiday as posted at the CBI website is a one day observance [March 21]. I tend to think…that the the recent hiatus in publishing the market rate preceding and now following the holiday is remarkable, but the significance or pertinence to our “event”, if any, is unknown and likely unknowable in the near(er) term.
______________________________________________________________
Adam Montana (Dinar Guru) – You’re probably also seeing a lot of positive news regarding ISIS, Mosul, etc on the “tube”. Or at least, you aren’t seeing so many negative news stories… and you know why that is, don’t you? It’s very simple – the media isn’t making a big deal about Iraq anymore because things are going REALLY GOOD, and those aren’t the stories that sell ads! …there is a LOT of progress happening right now with oil, agreements, and security. These are exactly what we want to see! We are getting to a point in this Iraqi Dinar situation that has me excited again, finally, and it’s been a long time since I felt this upbeat about the Dinar. We’ve been going in the “right way” for a long time, but now we are on a STRONG path to victory!
_____________________________________________________________
Kaperoni (Dinar Guru) –…currencies cannot be randomly valued. They are valued by supply and demand. Iraq’s dinar will rise in value, but based on sound fundamental economic policies controlled by the CBI. We just have to wait that out as they progress with the transition to a market economy.
______________________________________________________________
Follow us on twitter @DinarUpdates !!
Dinar Updates – “NEWS TIME” w/MadDScout & The DU Facebook Crew – March 23rd 6:30pm CST – In the DU CHAT Room!!
Kaperoni (Dinar Guru) – Article quote: “in addition to the reform of the banking sector to support growth led by the private sector before starting the process of reconstructionin post – Daesh.” This seems to imply the banking sector reform is just around the corner…
______________________________________________________________
Aggiedad77 (Dinar Guru) – Article: “Iraq looking to raise obstacles to the entry of US companies to invest” IMO when Abadi talks here about “raising obstacles” he’s referring to a lessening of red tape for American companies and also a HUGE reduction in corruption issues that have kept many companies away in the past…He’s smiling because he knows who will pave the way for the success of his government as well as his country…and it will not be Iran…He’s got a new buddy in President Donald Trump and his administration…IMO look for Trump to be paying Iraq a visit this year…Frank [Guru Frank26] said that issues with investors has to do with Iraq’s restrictions on capital movement…as well as UN sanctions not being lifted, thus causing countries and investors to not want to go against the UN…Abadi has some definite changes he needs to make…that he can make…lift those restrictions…raise the value of your currency…get rid of the UN restrictions…IMO.
______________________________________________________________
Kaperoni (Dinar Guru) – […wondering if Trump can push for currency reform.] Currency reform is a consequence of economic and banking reform. …the IMF has made it very clear the dinar will be floated and will rise as a result of the growth of the economy. There is no confusion, it is stated clearly…the Balassa-Samuelson effect. ”Balassa–Samuelson implies that countries with rapidly expanding economies should tend to have more rapidly appreciating exchange rates.” In other words Iraq’s dinar is directly related to the growth of the private sector/market economy.
______________________________________________________________
Kaperoni (Dinar Guru) – Article: “International Monetary Fund agrees to release contractors’ receivables” Quote: “The appearance of Mohammed Saleh that the second review of the credit agreement showed a clear understanding and success…This success is the understanding and agreement on the release of receivables of all contractors amounting to more than 4 trillion dinars once the Federal Audit Bureau announced the completion of audit contracts contractors, and we know the SAI is about to complete this process.” So the IMF is going to pay almost $4 billion dollars to unpaid contractors in Iraq. This is huge.
______________________________________________________________
tman23 (Dinar Guru) –This week in Washington is the NATIONAL COALITION MEETING…THE FIRST WHERE ALL COUNTRIES WILL BE TOGETHER…68! …THIS IS ALL ABOUT IRAQ AND SYRIA AND SPECIFICALLY ISIS…
______________________________________________________________
Kaperoni (Dinar Guru) – Article: “Sabri: Iraq’s economy will rise over the next five years” ...this statement is in line with several of the CBI going back a few years that the deletion of zeros would take 4-5 years. Sounds to me like they expect a gradual appreciation of the currency as the economy grows. Anyone? Balassa-Samuelson effect…
______________________________________________________________
Abadi looking with two US firms electricity and airlines to develop
Economy News / Baghdad …Search Prime Minister Haidar al-Abbadi (who is visiting Washington for now), with two US firms to develop the electricity sector in Iraq and the Iraqi air lines.
tman23 (Dinar Guru) – …ABADI BEST COME BACK FROM WASHINGTON WITH AN ARSENAL OF GIFTS FOR THE CITIZENS… OTHERWISE/WITH ACCESS TO FUTURE INTERNATIONAL LOANS BEING LIMITED…TICK-TOCK…TICK TOCK.
______________________________________________________________
Kaperoni (Dinar Guru) – The IMF would never agree to accept Iraq into Article VIII if they cannot comply with the Article VIII requirements… That means they must show stability at 2% or less for 90 days prior to acceptance into Article VIII. I don’t see anyway around that. That being said, they could get off the peg without approval from the IMF.
______________________________________________________________
firefly (Dinar Guru) – Anybody that’s been in this investment for any period of time should know that a lot of negative news will pop it’s ugly head at the end. Just remember what Dr. Shabibi said at Jackson Hole back in 2011 when he was asked when he will do the currency adjustment. After thinking about the question for a bit of time he stated “AFTER MUCH MEDIA PROPAGANDA” This is not about us. Just be thankful we were given the opportunity to be a part of this investment. Timing is everything right now. One mistake in their calculations would be catastrophic. …the true rate will show on the CBI 1st.
______________________________________________________________
Deputy: Abadi visit to Washington made Iraq the Middle East equilibrium point
MP in parliament, Abdul Rahman Alloizi, on Thursday, Prime Minister Haider al-Abadi’s visit to Washington has created a kind of balance in the Middle East.
He Alloizi, L / balance News /, said that “al-Abadi’s visit to Washington came in the context, the fact that Iraq today is one of the closest allies of the United States.”
firefly (Dinar Guru) – Historically all currency adjustments are made in the 1st quarter of the fiscal year. Kuwait and Zambia are good reference points. There is much going on behind the scenes that we are not aware of. I for one am extremely excited at where we sit today.
______________________________________________________________
Kaperoni (Dinar Guru) – Article: “Expert: Iraq is heading for a social market economy within the plan that will last until 2030” More importantly, currency reform must begin before they will ever have a market economy.
______________________________________________________________
Kaperoni (Dinar Guru) – Article: “Detection 3 “goals” Abadi seeks to achieve” Quote: “…three goals of Prime Minister Haider al-Abadi seeks to achieve with major countries (Germany, Britain, America), as he emphasized the lack of plans for more “lending”, attributing the reason to determine Iraq certain doors by donor countries…” To me, this says they better get to work..and soon… “there are no plans for further lending”.
______________________________________________________________
BGG (Dinar Guru) – Quote: “…Based on the preliminary findings of this mission, staff will prepare a report that, subject to management approval, will be presented to the IMF’s Executive Board for discussion and decision…” exactly what decisions do the IMF executive board have to make coming up? I mean – they only deal with one thing. INTERNATIONAL MONETARY FUND. […can the CBI make a move before the DC meetings?] the CBI can do whatever they want…if the IMF doesn’t give their blessing who are they gonna’ sell their currency to? without international acceptance – there is no market. [post 2 of 2]
______________________________________________________________
BGG (Dinar Guru) – Quote: “The Iraqi authorities and IMF staff started discussions on the second review of the SBA. These discussions will continue during the upcoming IMF and World Bank Spring Meetings from April 21–23, 2017 in Washington, DC.” This is saying these finalization talks were already started…and will resume – (at the latest) in D.C. Quote: “During the visit, the team met with the Acting Minister of Finance Prof. Abdulrazzaq A. Jaleel Essa, Acting Governor of the Central Bank of Iraq (CBI), Dr. Ali Mohsen Ismail Al-Allaq, the Financial Adviser to the Prime Minister Dr. Mudher Saleh, and officials from the ministries of finance, oil, planning, the State Oil Marketing Organization, the Central Statistical Office, the Central Bank of Iraq, and representatives from the Kurdistan Regional Government, and the Board of Supreme Audit. The team would like to thank the Iraqi authorities for their cooperation and the open and productive discussions.”Mohammed Saleh…he’s been in these big IMF “shindig” meetings from the 5th to the 17th… he’s excited. [post 1 of 2….stay tuned]
_____________________________________________________________
Kaperoni (Dinar Guru) – Article: “Detection 3 “goals” Abadi seeks to achieve” Quote: “…three goals of Prime Minister Haider al-Abadi seeks to achieve with major countries (Germany, Britain, America), as he emphasized the lack of plans for more “lending”, attributing the reason to determine Iraq certain doors by donor countries…” To me, this says they better get to work..and soon… “there are no plans for further lending”.
_____________________________________________________________
Revbo (Dinar Guru) – “Statement at the End of an IMF Mission on Iraq” Quote: “…repair the banking sector are needed to support private sector-led growth and diversification of the economy once post- ISIS reconstruction is underway.” [I really believe we will see currency reform begin soon after the country is rid of ISIL since it is so important to the success of a private sector/market economy.] If they don’t turn it loose shortly after Mosul is liberated, they will be wasting a golden opportunity and a ton of momentum for a growing economy and national reconciliation.
_____________________________________________________________
Kaperoni (Dinar Guru) – “Statement at the End of an IMF Mission on Iraq” Quote: “…repair the banking sector are needed to support private sector-led growth and diversification of the economy once post- ISIS reconstruction is underway.” I really believe we will see currency reform begin soon after the country is rid of ISIL since it is so important to the success of a private sector/market economy.
_____________________________________________________________
Revbo (Dinar Guru) – I don’t know if this means anything, but yesterday was the first time I’ve ever seen no street rate posted on the CBI’s auction page.
______________________________________________________________
Maliki’s wealth estimated at $40 bln: sources
Iraqi former PM Nouri al-Maliki’s wealth is estimated at $40 billion, informed sources told The Baghdad Post on Thursday.
The sources revealed the 67-year-old has made his wealth through manipulating the Iraqi Central Bank’s accounts as well as his suspicious projects inside and outside Iraq.
They also confirmed he took over the 2014 state budget without releasing concluding statements….
1bobby (Dinar Guru) – It’s amazing how far the Banking Industry has come and continues to go… Article: “Insurance Association of Economics News: start with insurance on ATMs for banks” So why would they want to insure an ATM in such an unstable environment? Some have asked “Does this mean the LD’s are ready to roll out?” Not necessarily, but it does indicate they are willing to get them out of the banks and airports and put them into the streets at some point. I loved the quote “Never make such insureance in Iraq, which would provide service to citizens through larger deployment of ATM in the markets and public places and cultural phenomenon which is developed to serve the economy“.
_____________________________________________________________
Loop (Dinar Guru) – Article: “Alheims: the government was forced to borrow because of the external costs of the war effort Banks” Quote: “…he pointed to the achievement of the proportion of the profits of the bank increased by 300%, confirmed go half to the Treasury the public.” TBI increased it’s profits by 300%! It’s amazing how profits soar when people are not stealing the money! This little article speaks volumes on how effective the monitoring of the banking system is. A 300% increase in profits under normal economic conditions is beyond huge. Folks Iraq is at war and the TBI saw a 300% increase in profits. That is simply unheard of.
_____________________________________________________________
BGG (Dinar Guru) – Here’s a weird tidbit – just happened this AM …they changed the way they list the currency auctions – this AM…no rate – they took out the 1182 part. NADA. MIA.
______________________________________________________________
Regarding the D.U.C.E. List e-mails –
If you are not receiving D.U.C.E. messages, it’s possible the receiving mail server is blocking or filtering the message before it’s delivered to your inbox. One solution is to whitelist our domain and IP ranges so that the server will allow messages through the block.
Below is our whitelisting information. You’ll want to provide this information to your IT or website administrator and they can add it to the mail server so that future messages are delivered to your inbox… or add this info to your e-mail profile.
DinarUpdates.com Domains: From domain – mail.vresp.com Bounce domain – cts.vresp.com
DinarUpdates.com IP ranges: 74.116.89.0/24 74.116.91.0/24 63.251.246.0/24
BGG (Dinar Guru) – Article: “(Reuters) Iraqi Prime Minister Haider al-Abadi said the government offensive to recapture the city of Mosul from Islamic State militants was in its final stages.” Mosul moving to an end soon. Boom. [Whats your thoughts…that an rv happen could happen before april or during april. Being info. out of Iraq is usually already happened so mosul prob closer to done sooner than later!] Not sure – but I’m very excited I’m still in this thing!!
______________________________________________________________
Loop (Dinar Guru) –Article: “TBI launches new producer certificate of deposit” Quote: “He added that this certificate has launched with the approval and blessing of the Iraqi Central Bank and is guaranteed payment at the moment of the citizen request to withdraw amounts.” This is beyond huge IMO. In the past this is the main complaint that the citizens have had. This is saying that if you deposit your money with us and invest it into these CD you are guaranteed to be able to access your funds when you need to. Getting the citizens to deposit their money into the banks is a critical component of moving to a free market economy. When the banks have liquidity they can loan the money needed to fuel the private sector, which will lead to explosive economic growth the likes that we have not seeing in our lifetime… IMO.
______________________________________________________________
Loop (Dinar Guru) – Article quote: “today we move from a centralized economy to a market economy” Who is saying this? Dr. Mohammed Saleh economic advisor to Prime Minister al – Abadi! BOOM! …moving to a true market economy would have to include an internationally recognized currency. Market Economy = Free Market Economy. There are currently 180 countries that are ranked from Free to Restricted. Iraq is not listed. Of the 180 list countries how many of them have a currency that is internationally recognized? All of them. So do you think it is reasonable to theorize that given Saleh’s quote “today we move from a centralized economy to a market economy” that with Iraq’s move to some form of a market economy that the IQD will have to be internationally recognized as well? I DO!
______________________________________________________________
BGG (Dinar Guru) –These days – throw a rock in any direction and you hit a STUNNING NEWS PIECE. “They” have pretty much showed us the outline…and it’s being worked out now. Let’s hope they get the reform projects started soon. Because the beginning of the Iraq currency reform is when your life changes.
______________________________________________________________
The Dinar Round Table Call!! “with the whole DU Crew” from Tues nite – Mar 14th Click-N-Listen!!
Kaperoni (Dinar Guru) – Article: “Zain launches Cash trading platform to stimulate entrepreneurs Iraqis to turn their ideas into innovative reality“Iraq is going from the stone age to the state of the art very quickly. This is important for sure an they move away from a closed banking system to one that engages with the global financial system. IMO, this will support and encourage the rapid growth of a private sector/market economy.
______________________________________________________________
BGG (Dinar Guru) – [Why would it be logical for Iraq’s RVed rate to come out lower than Kuwait’s current rate when Iraq has so much more oil (and other resources) thank does Kuwait?] Logical – except oil resources and prices have zero to do with currency valuation – according to the IMF… Further – since the very definition of “currency” is a “promissary note” on the economy of a country. Truthfully – it’s going to be what the world – ie, IMF, UN, WB wants it to be…since…each currency is limited by boundaries of acceptance. In Iraq’s case – it is not internationally traded and therefore not accepted. …is this on the horizon – it sure looks promising… however, Iraq could “price” their currency at whatever they want… without international acceptance and support – who would buy it?
______________________________________________________________
BGG (Dinar Guru) – Articles: “Mosul .. Iraqi forces predict the ‘big wins’ within hours” “Mosul war will end very soon .. and Abadi called on Iraqis in Germany to return to their homeland” “Jubouri Macgork: Today suitable conditions for a comprehensive national reconciliation” So there are a few juicy headlines… I am still amazed at everything going on over there – and people still (as late as last nite) e-mail me boo hooing about how it hasn’t happened yet. I just comment on it – the mass of incredible news is just stunning. Iraq is moving forward with great speed. [We haven’t had any formal news from the CBI over the last few weeks about the delete the zeroes program, are you still of the impression that they are going to go ahead once Mosul is finished?] I can only go by their most recent commentary – all looks good from what they have said. Once this security “check box” is filled – we’ll have to see what they do.
______________________________________________________________
Economic Adviser to the Prime Minister: any country linked to terrorism must be written off debts and in 2022 we will be the biggest payment
BAGHDAD / tomorrow Press: After Greece ‘s financial crisis and what is passing through Jordan today ‘s economic crises feel the Iraqi people who have multiplied and multiplied his government loans scared, Dr. appearance of Mohammed Saleh economic advisor to Prime Minister al – Abadi spoke about the Iraqi debt in detail in this dialogue, and pointed to the accumulation of past debt and current debt, benefits and how to repaid warning in 2022 , which will be the largest payment , according to his description…
Phillyman (Dinar Guru) – I’m hoping that behind the scenes there is alot going on that we are clueless about to keep Iraq going in the right direction.It is hard to imagine that so many countries would pour so many resources into Iraq without being pretty certain of it paying off.
______________________________________________________________
tman23 (Dinar Guru) – Post Mosul…What does the Iraqi government have to offer the citizen? What immediate services can the GOI provide? IMO…THE HEADS OF IRAQ MUST DAZZLE THEIR PEOPLE WITH SOMETHING MORE THAN TALK ABOUT A GREAT FUTURE…IT’S TANGIBLE TIME, SOMETHING THEY CAN PUT THEIR HANDS ON… Abadi promised them all a raise retro active back a full year when he became the PM…Never knew where the $$$ was coming from then… The people do not believe in their government or their country. IMF says on their website that a countries currency can have a major psychological affect on it’s citizens…We shall see !!
______________________________________________________________
tman23 (Dinar Guru) – Article quote: “WASHINGTON,— U.S. Secretary of State Rex Tillerson met with Iraqi Oil Minister Jabbar al-Luaibi at the State Department on Friday.” SOME SERIOUS PLANNING GOING ON...OIL MAN TILLERSON MEETING WITH Al-Luaibi…THE CALL FOR ABADI TO GET TO WASHINGTON AHEAD OF SCHEDULED DATE…IMF MEETING TAKING PLACE WITH IRAQ…THEY HAVE A PLAN ROLLING OUT…LETS JUST HOPE IT INCLUDES US AND 3 ZEROS.
______________________________________________________________
Enorrste (Dinar Guru) – It is natural for those of us who have been in this game a long time (over 10 years for me) to get frustrated now and then. I am confident that we will make a significant profit within a reasonable period of time. I am 68, so that “reasonable period” isn’t that long!
______________________________________________________________
tman23 (Dinar Guru) – Post Mosul…What does the Iraqi government have to offer the citizen? What immediate services can the GOI provide? IMO…THE HEADS OF IRAQ MUST DAZZLE THEIR PEOPLE WITH SOMETHING MORE THAN TALK ABOUT A GREAT FUTURE…IT’S TANGIBLE TIME, SOMETHING THEY CAN PUT THEIR HANDS ON… Abadi promised them all a raise retro active back a full year when he became the PM…Never knew where the $$$ was coming from then… The people do not believe in their government or their country. IMF says on their website that a countries currency can have a major pyscological affect on it’s citizens…We shall see !!
______________________________________________________________
Mosul .. Iraqi forces predict the ‘big wins’ within hours
Spokesman for the Iraqi joint operations Yahya said Messenger Saturday that “the coming hours” could see a “great victories” of Iraqi forces on Daesh fighters in Mosul, pointing out that the liberalization of the west coast of the entire city is near…
BGG (Dinar Guru) – Anyone recall how many days it’s been since the CBI website went without updating the daily rate? [They went from January 4th up until a couple days ago, so like 45 business days or so.] Kinda’ weird how they just started updating the CBI website again – after something over 45 days? Wow? No change in status – of course…just really weird.
______________________________________________________________
tman23 (Dinar Guru) – HOLD ON TO YOUR SEAT… “WASHINGTON,— U.S. Secretary of State Rex Tillerson met with Iraqi Oil Minister Jabbar al-Luaibi at the State Department on Friday. Al-Luaibi did not comment on questions from reporters about U.S. oil investment in Iraq.” “Mr. Minister, are there plans to expand U.S. oil investment in Iraq?” one reporter asked. Tillerson extended a handshake to the minister and said, “welcome.” Reporters were then quickly escorted from the room.” AND THEN… “Iraqi Prime Minister Haider al-Abadi has expressed a willingness to make a visit to Washington ahead of an earlier date, which had been set for the week of March 19...” KABOOM! The reschedule comes at the request of the White House…ABADI GOING TO WASHINGTON EARLIER THAN SCHEDULED.
______________________________________________________________
Kaperoni (Dinar Guru) – Article: “Central: financial sector management electronically end of 2017” …one of the reasons the dinar will rise gradually is that the CBI can profit as it rises.The buy/sell of the dinar creates commissions. It is those commissions that will replace the revenue the CBI seeks when it ends the daily auctions.
______________________________________________________________
MadDScout (Dinar Guru) – [...if the budget is starting to be opened, will they be opening it with the new rate?] Rate is something subject to conditions needing to be met not something already in the budget.
______________________________________________________________
Kaperoni (Dinar Guru) – Article: “The appearance of Mohammed Saleh: the central bank has a big role to emerge from the financial crisis for the country” There is no private sector without opening the banking system to the world. Simple as that.
______________________________________________________________
BGG (Dinar Guru) –[how is investment?] The investment is doing just fine – glad to be in it. No need for “secret intel” sources. This is getting good. Alak (that would be the Gov of the CBI) and Abadi (that would be the Prime Minister of Iraq) were both “forecasting” the start of economic and financial reform as soon as ISIS was defeated in Mosul – they were believing this would have happened in Jan – Feb…BUT… their optimism is still real – “first part of 2017” is still accurate – this appears to be a foregone conclusion, ISIS gone – MR started. So – we’re good…and appears to be happening as we speak...
______________________________________________________________
Mohammed Saleh: The central bank has a big role to emerge from the financial crisis for the country
Economy News / Baghdad … Set up the House of Wisdom Department of Economic Studies panel scientific symposium, Thursday, on the implementation of private sector development in Iraq strategy requirements (2014 2030)
The seminar was attended by Dr. appearance of Mohammed Saleh financial advisor to the prime minister and professor Samir Nasiri, an economist and banking and a number of economists and bankers*
And Dr. appearance of Mohammed Saleh during the symposium on how strategic economic implement and apply them to the ground adding that the private sector is the backbone of the Iraqi economy and millions of citizens working within the private sector, calling out the importance of getting rid of the market gap through public sector cooperation and private in order to create a large market…
Enorrste (Dinar Guru) –The result, of course, will be an enormous upward pressure on the value of the dinar as new investment money comes into the country. You can rest assured that most of the “Fortune 500” companies in America, not to mention others around the world, will want to “stake their claim” in this market as soon as the proper conditions permit. That time frame has been given in this article: sometime in the fourth quarter of this year. I expect the float to begin late in the third quarter or early in the fourth quarter. I expect the money supply to fall with the rise in value of the dinar. Then I expect a cascading effect as more and more new money floods into Iraq for investment, thus putting even more upward pressure on the dinar value. Within two or three years we should see a world reserve currency emerge and be poised to take our profits. [post 3 of 3]
______________________________________________________________
Enorrste (Dinar Guru) – The next phrase that struck me is “the adoption of advanced banking technologies adopted by the biggest banks in the world.” This phrase emphasizes…that this article is clearly stating that Iraq will be opening the dinar to the world market by the end of this year. Following along with that…is that this will only happen if they also float the currency. This is where our investment will begin to pay off for us all. …this will have to be at least initiated prior to the end of this year. It is a process that will take some time to implement. It will be imperative that the CBI get the money out of the mattresses before allowing the value to rise too high in order to avoid serious inflation. This brings me to the last great phrase. That phrase is “the entry of active cooperation with the world’s largest companies.” Once this new high-tech banking system is in place we will see the “Wild West” that KAP [Guru Kaperoni] and I have described many times over the years begin to occur. Investors all over the world, and in particular “the world’s largest companies,” will leap at the chance to enter into this essentially untapped market. The guarantees (insurance) and electronic security provided by a state-of-the-art banking system akin to that used by the most advanced countries in the world will be a huge magnet for these mega-companies to get their feet wet in the Iraqi market. [post 2 of 3….stay tuned]
______________________________________________________________
Enorrste (Dinar Guru) – Article: “Central: financial sector management electronically end of 2017” There are four phrases in this article that got me excited…The first is the phrase “in the best world systems.” What this means is that the IMF is bypassing older and more traditional methods of change and are instead moving Iraq to the “front of the line” in terms of technological development. This is consistent with Saleh’s statement made years ago that the dinar would become a “world reserve currency.” When your banking system is among the world’s best that means that you are poised to move directly into the world foreign currency exchange market. But the next phrase is where Saleh’s statement about the dinar become a world reserve currency gains some credence. That phrase is “helps to pull the money supply of homes to the banking sector.” We have read over the years that this is a major concern, namely, how do we get people in Iraq to pull their dinars out of their mattresses and put them into the banking system? It seems evident from this phrase that this is intended to do just that. Now, the connection to Saleh’s prediction about the dinar becoming a world reserve currency is that as these dinars come out of the mattresses and into the banks they can be destroyed by the CBI, thus lowering the overall money supply, allowing the value of the dinar to rise. The rising value of the dinar, given their high relative reserve position, will ensure that the dinar will become one of the strongest currencies in the world. [post 1 of 3….stay tuned]
______________________________________________________________
Maliki afraid of his trial and the inauguration of the new governor of the capital to fuel the conflict between him and the Sadrists
Raged differences within the National Alliance, a Shiite ruler, after the dismissal of the former Baghdad Governor Ali al-Tamimi and the election Atwan Atwani substitute, where the former governor Ali al-Tamimi belongs to the Sadrist movement block free, while the new governor belongs to the bloc coalition of state law, led by Nuri al-Maliki, who began the liquidation of political opponents during his bloc in parliament, where he has managed in the last period of the dismissal of a number of ministers and officials in the government as a kind of revenge for the lack of support for the third term of the former Prime Minister, Vice President of the Republic the current Nouri al-Maliki, and the latest was the governor of Baghdad, Ali al-Tamimi, who formed his dismissal pivotal point in Shiite conflict within the House…
Adam Montana (Dinar Guru) – [adding to the previous question… what three 0 notes do you think they will want to take out of circulation? Do you think there is any chance they will not be taking the 5,000 note out of circulation?] My guess would be that the first to go will be the 25,000 and 10,000. Followed within 6 months (at most) by all the rest, to be replaced with the new issue. [post 2 of 2]
______________________________________________________________
Adam Montana (Dinar Guru) – [When they revalue it, no matter what number it goes to…Let’s say it’s .10 cents hypothetically. I think everyone pretty much agrees it will still rise from there. If that’s true, will they announce to the dinar holders that there is a certain amount of time to exchange yours? Or will that time limit be a mystery to everyone?] I do agree that it will rise, especially if they start it at $0.10…that said, it’s impossible to pinpoint which notes they will call in first, or how long they will allow the “old” notes to remain in circulation. Other countries that have re-denominated have used 90 days. I think it’s reasonable to think we can expect that much time, but there is no guarantee on that. [post 1 of 2….stay tuned]
______________________________________________________________
BGG (Dinar Guru) – Article: “Warnings of severe deterioration of the dinar after the appetite for dollar” This is an OP ED piece…Opinion of writer only…no guarantee of veracity… the big take-away for me was – the author points out a few things that are HISTORICALLY accurate – then says – IN ESSENCE, you can fix it all with currency reform. Quote: “…in addition to that some of the citizens and the owners of the money prefer the dollar for the dinar for easy transfer and retention of the fact that the money supply will be less, and that’s what we confirm it previously necessity currency project to delete the zeros of the three of the currency, which he can solve a lot of problems…” “...CAN – SOLVE – A – LOT – OF – PROBLEMS…” BOOM!
______________________________________________________________
IS leader Baghdadi abandons Mosul fight to field commanders, U.S. and Iraqi sources say
By Isabel Coles, John Walcott and Maher Chmaytelli | MOSUL, IRAQ/WASHINGTON
U.S. and Iraqi officials believe the leader of Islamic State, Abu Bakr al-Baghdadi, has left operational commanders behind with diehard followers to fight the battle of Mosul, and is now hiding out in the desert, focussing mainly on his own survival…
Loop (Dinar Guru) – “REACT controls on the main court of the organization and the Central Bank branch in Mosul” THEY RETAKE THE MOSUL BRANCH OF THE CBI AND THEY ARE READY TO ASSESS THE DAMAGES SO THEY CAN REPAIR IT AND OPEN THE DOORS.
______________________________________________________________
tlm724 (Dinar Guru) – Article: “Adviser at the Central Bank of Iraq overcome the financial crisis and will become the country’s foreign investment” Things are progressing nicely for Iraq. Stability is close at hand! IMO the currency reform is on the horizon. The CBI keeps on keeping on, making the needed adjustment to policy to make things right to go forward.
______________________________________________________________
Shredd (Dinar Guru) – Article: “Central Bank: the financial crisis behind us and the next few days are promising” Quote: “Iraq will become a country of foreign investment as a result of competing foreign international companies to invest in the reconstruction after the devastating cities recovered from Daesh.” This is a great reminder of the wealth Iraq has and the interest from foreign investment. “Iraq will become a country of foreign investment” — that is for sure and as note, that will become a huge part in the rebuilding of the country. In this same period of time, the stability that is sought by the CBI for their currency reform can then move forward. …this is not an “If” but a “When” regarding the legal tender, globally accepted dinar to become the primarily used currency of Iraq.The immense amount of progress in the banking and investment laws, the protections for investors, the banking customer vetting via KYC, the project to remove the zeros and so many more accomplishments all still stand. None of the progress the CBI and the GOI have made to mature from their past dictatorship have been repealed. Progress has been and continues to be forward.
______________________________________________________________
Islandg1211 (Dinar Guru) – Many of us were hoping that Trump would speed up the RV. He may not have done that, but rest assure he isn’t going to let it be delayed. He’s put pressure on getting rid of ISIS both in Mosul and in Raqqa. The RV needs, IMO, in this order: 1) Mosul (and then Raqqa) 2) National Reconciliation Law 3) Day of Celebration for getting rid of ISIS and coming together politically 4) HCL 5) RV with no announcement nor fanfare. Trump certainly could try to push a settlement politically quicker and get the RV done sooner. But, for right now, it looks to me like my prediction of mid-summer with my list of things getting done prior still stands. In January, I posted these same thoughts, and I don’t see anything new to amend my opinion on the RV date of mid-summer with a rate just above the USD, around $1.13 (the high end of the original Ernst and Young appraisal of the Dinar.)
______________________________________________________________
Kaperoni (Dinar Guru) – Article: “Central: financial sector management electronically end of 2017” Currency reform should start well before end of year IMO.
______________________________________________________________
MadDScout (Dinar Guru) – Article quote: “The local market has seen a marked decline in the dollar against the Iraqi dinar and by five thousand dinars to the category of $ 100.” “marked decline by five thousand dinars to the category of $ 100.” …what we are seeing is the measures by CBI recently put in place to bring the dinar street rate in line with the cbi rate even against a strong dollar. Today they received 30 billion in loan assistance…18 from imf and 12 from Great Britian.
______________________________________________________________
revbo (Dinar Guru) – Article: “Iraq forces advance into Mosul city” …the news is everywhere, this morning, that ISF has taken the second bridge, so they have at least secured the small district just to the west of the river, where the second bridge is, which gives them direct access to Old Mosul.
______________________________________________________________
Central bank: Iraq overcome the financial crisis and the coming days bode well
The Central Bank of Iraq adviser Walid Idi, that Iraq exceeded the financial crisis, pointing out that the coming days bode well.
He Idi said in a statement that the crisis austerity and fiscal deficit as a result of lower oil prices in the last period has ended, adding that, Iraq will become a country of foreign investment as a result of competing foreign international companies to invest in the reconstruction of liberated cities, and pointed Idi that the entry of foreign Iraq’s companies reflect a positive outlook It will contribute to attracting major countries to rebuild the liberated areas and the holding of joint agreements for investment as well as trade exchange and activate tourism and oil industry.
Loop (Dinar Guru) – to follow this comment up – the very next day they same thing happened again. The street rate for the Dinar got another 3k per 100 USD stronger… looking more and more like a trend. Monetary policy (in the real world) is tightening up…and I point this out because…the culmination of what we are wanting to see is being forecast by numerous other, smaller moves – this being one of them. Corruption, International agreement, financial mgmt procedures getting better, security and stability. All happening now.
______________________________________________________________
BGG (Dinar Guru) – Article: “Central bank: Iraq overcome the financial crisis and the coming days bode well” Quote: “…Iraq will become a country of foreign investment as a result of competing foreign international companies to invest in the reconstruction of liberated cities…” None of this can happen…without a serious shift in economic and currency policy. Just can’t happen. They are back to “forecasting” as they were in late 2016…this time – the timeline isn’t months or a part of the year…but it’s “days” in their own words…NOT weeks, months or years.
______________________________________________________________
Kaperoni (Dinar Guru) – Article: “Central: financial sector management electronically end of 2017” Quote: “...the current year will see in the fourth quarter sophisticated financially important is linking the banking sector…” This is a huge article! It appears to me that they are stating that this year they expect to open the banking system to the world. That freedom of movement and international transactions will begin. This to me, appears to be confirmation that during 2017 we will see the beginning of currency reform.
______________________________________________________________
Revbo (Dinar Guru) – Article: “Central Bank: the financial crisis behind us and the next few days are promising” Sounds like they want to get things moving pretty quickly after Mosul is over, and nobody’s coming in if they can’t get their money out.
______________________________________________________________
Phillyman (Dinar Guru) – Articles: “Iraqi command says a few meters close from Mosul government complex” “Iraqi forces control most of 2 western Mosul districts, pound Tal Afar” “Iraqi forces launch fresh push in western Mosul battle” “Iraqi forces near government buildings in Mosul as fight against ISIS continues” Obviously the timing of the Mosul operation being complete is all over the place but I wanted to put this quote from the first article here in case you missed it. This is the opinion of a Lt. General, Federal Police Chief: “He said the troops have become a few meters away from the government complex, adding that retaking that area could mean “a 80 percent strategic and moral victory in western Mosul battles”.
______________________________________________________________
Adam Montana (Dinar Guru) – I mentioned in my weekly…update that I’m getting a bit giddy right now. There’s a good reason for it! We are at a tipping point, and this is going to either make us some money, or we’re going to be walking away soon. Either way, I think all of us will be happy. Either we make out like bandits or we just say “we enjoyed the ride”, right?! Based on what I’m hearing from my people, I am leaning toward the bright side of it.
______________________________________________________________
Loop (Dinar Guru) – Quote: Article quote: “The local market has seen a marked decline in the dollar against the Iraqi dinar and by five thousand dinars to the category of $ 100.” marked decline by five thousand dinars to the category of $ 100. That is all it is saying.Not that the exchange rate 5000 dinar to 100 dollars. This is right in line with the CBI’s statement made on Wednesday. [so what does that mean…?] It means that the CBI has put a system into place that allows them…control of the stability of the dinar in the market place. This systems removes the middlemen and gives them end to end transparency for all transactions. This is exactly what the IMF wants them to do. Very important move on their part.
______________________________________________________________
Vision that the economic recovery in the post-Iraqi dinar
Economy News / Baghdad … The CBI has issued a press statement in which he explained that the slight decline in the dollar against the Aldenarabraghi it causes Alryise PROCEDURES AND ORGANIZATIONAL new used to regulate the sale of Currency window and curtail the role of middlemen and speculators as well as the commitment of the private banks and their cooperation with the Central Bank of cushions and the role played by the Association of Banks He urged the Iraqi special departments of banks on the need to support the orientations of the central bank at the service of the national economy and harnessing the potential of the private banks in the central purpose of which is to work on the recovery of the Iraqi dinar and raise its value and cash Acharayah against the dollar…
tman23 (Dinar Guru) – “Kurdistan region,— Masoud Barzani said the Iraqi Kurdistan Parliament and presidential elections will be held in September this year.” “There will be two elections in September: parliament and presidential,” Barzani said during an interview …I won’t be a candidate myself.” WHY IS THIS A FACTOR? TWO VERY POSITIVE SIGNS WITH ONE GLOWING IN NEON! AUGUST 2013 BARZANI CAME SPOKE OUT ON THE DINAR AND THE MENACING 3 ZEROS AND SAID HE WAS NOT LEAVING UNTIL THEY WERE LIFTED AND KURDISTAN COULD OPEN ITS ECONOMY…HE ALSO SAID HE WAS NOT LEAVING UNTIL KURDISTAN HAD ITS STATEHOOD…THE OPENING OF A FREE MARKET LEADS TO INDEPENDENCE…TOO MUCH GOING DOWN NOT TO THINK AGREEMENTS ARE READY TO SIGNED…NOT YOUR USUAL MEET FOR NATIONAL RECONCILIATION DISCUSSIONS OF THE PAST…i BELIEVE THEY MEET TO ANNOUNCE…AND SIGN…NOT NEGOTIATE!
______________________________________________________________
BGG (Dinar Guru) – Article: “Parliamentary Finance’s “approach” to postpone the project to delete the zeros until further notice” Quote: “…Finance Committee in the House of Representatives announced the postponement of the project to delete the zeros that was planned years ago to apply until further notice.” …that almost has the “smack” of her pointing out that this WAS PLANNED – then POSTPONED until further notice. Which is…accurate…they aren’t saying further notice isn’t tomorrow, next week or next month either. Why would they be “rehashing” a decision that was put off back in 2012 – right now? Over a concept that is DIRECTLY germane to their forward economic progress. In fact…it is a little weird this is coming out now – right near the end of Mosul… or in this “first part of 2017 timeframe” – why now? I think it’s obvious.
______________________________________________________________
Adam Montana (Dinar Guru) – …I have a couple of rumors that I’m holding onto. I had hoped to have a better confirmation on them before posting this… I do not have what I need in order to release it, so I’m sticking with my
original guesstimate of the rate. When I think about it, I hope I’m wrong and y’all are riding with me to a much higher rate! You don’t want to see $3.14 any more than I do! But I’m a realist, and that guides my logic on matters like this…Let’s move forward a few steps and talk about a ReValued dinar. I agree that a lower rate than the Kuwaiti Dinar will be a blow to the ego’s of the Iraqis. I agree that it should be on par with the USD, or even higher. I agree that the rate WILL get there… eventually. I believe that Iraq can sustain a very stable currency at a rate of $3 or higher, but I don’t think they will immediately jump to that rate even if they ultimately desire it to be so.
______________________________________________________________
Abadi looking with two US firms electricity and airlines to develop
Economy News / Baghdad …Search Prime Minister Haidar al-Abbadi (who is visiting Washington for now), with two US firms to develop the electricity sector in Iraq and the Iraqi air lines.
Chattels (Dinar Guru) – I would note that the Spring / Nowruz Holiday as posted at the CBI website is a one day observance [March 21]. I tend to think…that the the recent hiatus in publishing the market rate preceding and now following the holiday is remarkable, but the significance or pertinence to our “event”, if any, is unknown and likely unknowable in the near(er) term.
______________________________________________________________
Adam Montana (Dinar Guru) – You’re probably also seeing a lot of positive news regarding ISIS, Mosul, etc on the “tube”. Or at least, you aren’t seeing so many negative news stories… and you know why that is, don’t you? It’s very simple – the media isn’t making a big deal about Iraq anymore because things are going REALLY GOOD, and those aren’t the stories that sell ads! …there is a LOT of progress happening right now with oil, agreements, and security. These are exactly what we want to see! We are getting to a point in this Iraqi Dinar situation that has me excited again, finally, and it’s been a long time since I felt this upbeat about the Dinar. We’ve been going in the “right way” for a long time, but now we are on a STRONG path to victory!
_____________________________________________________________
Kaperoni (Dinar Guru) –…currencies cannot be randomly valued. They are valued by supply and demand. Iraq’s dinar will rise in value, but based on sound fundamental economic policies controlled by the CBI. We just have to wait that out as they progress with the transition to a market economy.
______________________________________________________________
Kaperoni (Dinar Guru) – Article quote: “in addition to the reform of the banking sector to support growth led by the private sector before starting the process of reconstructionin post – Daesh.” This seems to imply the banking sector reform is just around the corner…
______________________________________________________________
Aggiedad77 (Dinar Guru) – Article: “Iraq looking to raise obstacles to the entry of US companies to invest” IMO when Abadi talks here about “raising obstacles” he’s referring to a lessening of red tape for American companies and also a HUGE reduction in corruption issues that have kept many companies away in the past…He’s smiling because he knows who will pave the way for the success of his government as well as his country…and it will not be Iran…He’s got a new buddy in President Donald Trump and his administration…IMO look for Trump to be paying Iraq a visit this year…Frank [Guru Frank26] said that issues with investors has to do with Iraq’s restrictions on capital movement…as well as UN sanctions not being lifted, thus causing countries and investors to not want to go against the UN…Abadi has some definite changes he needs to make…that he can make…lift those restrictions…raise the value of your currency…get rid of the UN restrictions…IMO.
______________________________________________________________
Kaperoni (Dinar Guru) – […wondering if Trump can push for currency reform.] Currency reform is a consequence of economic and banking reform. …the IMF has made it very clear the dinar will be floated and will rise as a result of the growth of the economy. There is no confusion, it is stated clearly…the Balassa-Samuelson effect. ”Balassa–Samuelson implies that countries with rapidly expanding economies should tend to have more rapidly appreciating exchange rates.” In other words Iraq’s dinar is directly related to the growth of the private sector/market economy.
______________________________________________________________
Follow us on twitter @DinarUpdates !!
Dinar Updates – “NEWS TIME” w/MadDScout & The DU Facebook Crew – March 23rd 6:30pm CST – In the DU CHAT Room!!
Kaperoni (Dinar Guru) – Article: “International Monetary Fund agrees to release contractors’ receivables” Quote: “The appearance of Mohammed Saleh that the second review of the credit agreement showed a clear understanding and success…This success is the understanding and agreement on the release of receivables of all contractors amounting to more than 4 trillion dinars once the Federal Audit Bureau announced the completion of audit contracts contractors, and we know the SAI is about to complete this process.” So the IMF is going to pay almost $4 billion dollars to unpaid contractors in Iraq. This is huge.
______________________________________________________________
tman23 (Dinar Guru) –This week in Washington is the NATIONAL COALITION MEETING…THE FIRST WHERE ALL COUNTRIES WILL BE TOGETHER…68! …THIS IS ALL ABOUT IRAQ AND SYRIA AND SPECIFICALLY ISIS…
______________________________________________________________
Kaperoni (Dinar Guru) – Article: “Sabri: Iraq’s economy will rise over the next five years” ...this statement is in line with several of the CBI going back a few years that the deletion of zeros would take 4-5 years. Sounds to me like they expect a gradual appreciation of the currency as the economy grows. Anyone? Balassa-Samuelson effect…
______________________________________________________________
tman23 (Dinar Guru) – …ABADI BEST COME BACK FROM WASHINGTON WITH AN ARSENAL OF GIFTS FOR THE CITIZENS… OTHERWISE/WITH ACCESS TO FUTURE INTERNATIONAL LOANS BEING LIMITED…TICK-TOCK…TICK TOCK.
______________________________________________________________
Kaperoni (Dinar Guru) – The IMF would never agree to accept Iraq into Article VIII if they cannot comply with the Article VIII requirements… That means they must show stability at 2% or less for 90 days prior to acceptance into Article VIII. I don’t see anyway around that. That being said, they could get off the peg without approval from the IMF.
______________________________________________________________
firefly (Dinar Guru) – Anybody that’s been in this investment for any period of time should know that a lot of negative news will pop it’s ugly head at the end. Just remember what Dr. Shabibi said at Jackson Hole back in 2011 when he was asked when he will do the currency adjustment. After thinking about the question for a bit of time he stated “AFTER MUCH MEDIA PROPAGANDA” This is not about us. Just be thankful we were given the opportunity to be a part of this investment. Timing is everything right now. One mistake in their calculations would be catastrophic. …the true rate will show on the CBI 1st.
______________________________________________________________
Statement at the End of an IMF Mission on Iraq
End-of-Mission press releases include statements of IMF staff teams that convey preliminary findings after a visit to a country. The views expressed in this statement are those of the IMF staff and do not necessarily represent the views of the IMF’s Executive Board. Based on the preliminary findings of this mission, staff will prepare a report that, subject to management approval, will be presented to the IMF’s Executive Board for discussion and decision….
firefly (Dinar Guru) – Historically all currency adjustments are made in the 1st quarter of the fiscal year. Kuwait and Zambia are good reference points. There is much going on behind the scenes that we are not aware of. I for one am extremely excited at where we sit today.
______________________________________________________________
Kaperoni (Dinar Guru) – Article: “Expert: Iraq is heading for a social market economy within the plan that will last until 2030” More importantly, currency reform must begin before they will ever have a market economy.
______________________________________________________________
Kaperoni (Dinar Guru) – Article: “Detection 3 “goals” Abadi seeks to achieve” Quote: “…three goals of Prime Minister Haider al-Abadi seeks to achieve with major countries (Germany, Britain, America), as he emphasized the lack of plans for more “lending”, attributing the reason to determine Iraq certain doors by donor countries…” To me, this says they better get to work..and soon… “there are no plans for further lending”.
______________________________________________________________
BGG (Dinar Guru) – Quote: “…Based on the preliminary findings of this mission, staff will prepare a report that, subject to management approval, will be presented to the IMF’s Executive Board for discussion and decision…” exactly what decisions do the IMF executive board have to make coming up? I mean – they only deal with one thing. INTERNATIONAL MONETARY FUND. […can the CBI make a move before the DC meetings?] the CBI can do whatever they want…if the IMF doesn’t give their blessing who are they gonna’ sell their currency to? without international acceptance – there is no market. [post 2 of 2]
______________________________________________________________
BGG (Dinar Guru) – Quote: “The Iraqi authorities and IMF staff started discussions on the second review of the SBA. These discussions will continue during the upcoming IMF and World Bank Spring Meetings from April 21–23, 2017 in Washington, DC.” This is saying these finalization talks were already started…and will resume – (at the latest) in D.C. Quote: “During the visit, the team met with the Acting Minister of Finance Prof. Abdulrazzaq A. Jaleel Essa, Acting Governor of the Central Bank of Iraq (CBI), Dr. Ali Mohsen Ismail Al-Allaq, the Financial Adviser to the Prime Minister Dr. Mudher Saleh, and officials from the ministries of finance, oil, planning, the State Oil Marketing Organization, the Central Statistical Office, the Central Bank of Iraq, and representatives from the Kurdistan Regional Government, and the Board of Supreme Audit. The team would like to thank the Iraqi authorities for their cooperation and the open and productive discussions.”Mohammed Saleh…he’s been in these big IMF “shindig” meetings from the 5th to the 17th… he’s excited. [post 1 of 2….stay tuned]
_____________________________________________________________
Kaperoni (Dinar Guru) – Article: “Detection 3 “goals” Abadi seeks to achieve” Quote: “…three goals of Prime Minister Haider al-Abadi seeks to achieve with major countries (Germany, Britain, America), as he emphasized the lack of plans for more “lending”, attributing the reason to determine Iraq certain doors by donor countries…” To me, this says they better get to work..and soon… “there are no plans for further lending”.
_____________________________________________________________
Revbo (Dinar Guru) – “Statement at the End of an IMF Mission on Iraq” Quote: “…repair the banking sector are needed to support private sector-led growth and diversification of the economy once post- ISIS reconstruction is underway.” [I really believe we will see currency reform begin soon after the country is rid of ISIL since it is so important to the success of a private sector/market economy.] If they don’t turn it loose shortly after Mosul is liberated, they will be wasting a golden opportunity and a ton of momentum for a growing economy and national reconciliation.
_____________________________________________________________
Kaperoni (Dinar Guru) – “Statement at the End of an IMF Mission on Iraq” Quote: “…repair the banking sector are needed to support private sector-led growth and diversification of the economy once post- ISIS reconstruction is underway.” I really believe we will see currency reform begin soon after the country is rid of ISIL since it is so important to the success of a private sector/market economy.
_____________________________________________________________
Revbo (Dinar Guru) – I don’t know if this means anything, but yesterday was the first time I’ve ever seen no street rate posted on the CBI’s auction page.
______________________________________________________________
Maliki’s wealth estimated at $40 bln: sources
Iraqi former PM Nouri al-Maliki’s wealth is estimated at $40 billion, informed sources told The Baghdad Post on Thursday.
The sources revealed the 67-year-old has made his wealth through manipulating the Iraqi Central Bank’s accounts as well as his suspicious projects inside and outside Iraq.
They also confirmed he took over the 2014 state budget without releasing concluding statements….
1bobby (Dinar Guru) – It’s amazing how far the Banking Industry has come and continues to go… Article: “Insurance Association of Economics News: start with insurance on ATMs for banks” So why would they want to insure an ATM in such an unstable environment? Some have asked “Does this mean the LD’s are ready to roll out?” Not necessarily, but it does indicate they are willing to get them out of the banks and airports and put them into the streets at some point. I loved the quote “Never make such insureance in Iraq, which would provide service to citizens through larger deployment of ATM in the markets and public places and cultural phenomenon which is developed to serve the economy“.
_____________________________________________________________
Loop (Dinar Guru) – Article: “Alheims: the government was forced to borrow because of the external costs of the war effort Banks” Quote: “…he pointed to the achievement of the proportion of the profits of the bank increased by 300%, confirmed go half to the Treasury the public.” TBI increased it’s profits by 300%! It’s amazing how profits soar when people are not stealing the money! This little article speaks volumes on how effective the monitoring of the banking system is. A 300% increase in profits under normal economic conditions is beyond huge. Folks Iraq is at war and the TBI saw a 300% increase in profits. That is simply unheard of.
_____________________________________________________________
BGG (Dinar Guru) – Here’s a weird tidbit – just happened this AM …they changed the way they list the currency auctions – this AM…no rate – they took out the 1182 part. NADA. MIA.
______________________________________________________________
Regarding the D.U.C.E. List e-mails –
If you are not receiving D.U.C.E. messages, it’s possible the receiving mail server is blocking or filtering the message before it’s delivered to your inbox. One solution is to whitelist our domain and IP ranges so that the server will allow messages through the block.
Below is our whitelisting information. You’ll want to provide this information to your IT or website administrator and they can add it to the mail server so that future messages are delivered to your inbox… or add this info to your e-mail profile.
DinarUpdates.com Domains: From domain – mail.vresp.com Bounce domain – cts.vresp.com
DinarUpdates.com IP ranges: 74.116.89.0/24 74.116.91.0/24 63.251.246.0/24
BGG (Dinar Guru) – Article: “(Reuters) Iraqi Prime Minister Haider al-Abadi said the government offensive to recapture the city of Mosul from Islamic State militants was in its final stages.” Mosul moving to an end soon. Boom. [Whats your thoughts…that an rv happen could happen before april or during april. Being info. out of Iraq is usually already happened so mosul prob closer to done sooner than later!] Not sure – but I’m very excited I’m still in this thing!!
______________________________________________________________
Loop (Dinar Guru) –Article: “TBI launches new producer certificate of deposit” Quote: “He added that this certificate has launched with the approval and blessing of the Iraqi Central Bank and is guaranteed payment at the moment of the citizen request to withdraw amounts.” This is beyond huge IMO. In the past this is the main complaint that the citizens have had. This is saying that if you deposit your money with us and invest it into these CD you are guaranteed to be able to access your funds when you need to. Getting the citizens to deposit their money into the banks is a critical component of moving to a free market economy. When the banks have liquidity they can loan the money needed to fuel the private sector, which will lead to explosive economic growth the likes that we have not seeing in our lifetime… IMO.
______________________________________________________________
Loop (Dinar Guru) – Article quote: “today we move from a centralized economy to a market economy” Who is saying this? Dr. Mohammed Saleh economic advisor to Prime Minister al – Abadi! BOOM! …moving to a true market economy would have to include an internationally recognized currency. Market Economy = Free Market Economy. There are currently 180 countries that are ranked from Free to Restricted. Iraq is not listed. Of the 180 list countries how many of them have a currency that is internationally recognized? All of them. So do you think it is reasonable to theorize that given Saleh’s quote “today we move from a centralized economy to a market economy” that with Iraq’s move to some form of a market economy that the IQD will have to be internationally recognized as well? I DO!
______________________________________________________________
BGG (Dinar Guru) –These days – throw a rock in any direction and you hit a STUNNING NEWS PIECE. “They” have pretty much showed us the outline…and it’s being worked out now. Let’s hope they get the reform projects started soon. Because the beginning of the Iraq currency reform is when your life changes.
______________________________________________________________
The Dinar Round Table Call!! “with the whole DU Crew” from Tues nite – Mar 14th Click-N-Listen!!
Kaperoni (Dinar Guru) – Article: “Zain launches Cash trading platform to stimulate entrepreneurs Iraqis to turn their ideas into innovative reality“Iraq is going from the stone age to the state of the art very quickly. This is important for sure an they move away from a closed banking system to one that engages with the global financial system. IMO, this will support and encourage the rapid growth of a private sector/market economy.
______________________________________________________________
BGG (Dinar Guru) – [Why would it be logical for Iraq’s RVed rate to come out lower than Kuwait’s current rate when Iraq has so much more oil (and other resources) thank does Kuwait?] Logical – except oil resources and prices have zero to do with currency valuation – according to the IMF… Further – since the very definition of “currency” is a “promissary note” on the economy of a country. Truthfully – it’s going to be what the world – ie, IMF, UN, WB wants it to be…since…each currency is limited by boundaries of acceptance. In Iraq’s case – it is not internationally traded and therefore not accepted. …is this on the horizon – it sure looks promising… however, Iraq could “price” their currency at whatever they want… without international acceptance and support – who would buy it?
______________________________________________________________
BGG (Dinar Guru) – Articles: “Mosul .. Iraqi forces predict the ‘big wins’ within hours” “Mosul war will end very soon .. and Abadi called on Iraqis in Germany to return to their homeland” “Jubouri Macgork: Today suitable conditions for a comprehensive national reconciliation” So there are a few juicy headlines… I am still amazed at everything going on over there – and people still (as late as last nite) e-mail me boo hooing about how it hasn’t happened yet. I just comment on it – the mass of incredible news is just stunning. Iraq is moving forward with great speed. [We haven’t had any formal news from the CBI over the last few weeks about the delete the zeroes program, are you still of the impression that they are going to go ahead once Mosul is finished?] I can only go by their most recent commentary – all looks good from what they have said. Once this security “check box” is filled – we’ll have to see what they do.
______________________________________________________________
Economic Adviser to the Prime Minister: any country linked to terrorism must be written off debts and in 2022 we will be the biggest payment
BAGHDAD / tomorrow Press: After Greece ‘s financial crisis and what is passing through Jordan today ‘s economic crises feel the Iraqi people who have multiplied and multiplied his government loans scared, Dr. appearance of Mohammed Saleh economic advisor to Prime Minister al – Abadi spoke about the Iraqi debt in detail in this dialogue, and pointed to the accumulation of past debt and current debt, benefits and how to repaid warning in 2022 , which will be the largest payment , according to his description…
Phillyman (Dinar Guru) – I’m hoping that behind the scenes there is alot going on that we are clueless about to keep Iraq going in the right direction.It is hard to imagine that so many countries would pour so many resources into Iraq without being pretty certain of it paying off.
______________________________________________________________
tman23 (Dinar Guru) – Post Mosul…What does the Iraqi government have to offer the citizen? What immediate services can the GOI provide? IMO…THE HEADS OF IRAQ MUST DAZZLE THEIR PEOPLE WITH SOMETHING MORE THAN TALK ABOUT A GREAT FUTURE…IT’S TANGIBLE TIME, SOMETHING THEY CAN PUT THEIR HANDS ON… Abadi promised them all a raise retro active back a full year when he became the PM…Never knew where the $$$ was coming from then… The people do not believe in their government or their country. IMF says on their website that a countries currency can have a major psychological affect on it’s citizens…We shall see !!
______________________________________________________________
tman23 (Dinar Guru) – Article quote: “WASHINGTON,— U.S. Secretary of State Rex Tillerson met with Iraqi Oil Minister Jabbar al-Luaibi at the State Department on Friday.” SOME SERIOUS PLANNING GOING ON...OIL MAN TILLERSON MEETING WITH Al-Luaibi…THE CALL FOR ABADI TO GET TO WASHINGTON AHEAD OF SCHEDULED DATE…IMF MEETING TAKING PLACE WITH IRAQ…THEY HAVE A PLAN ROLLING OUT…LETS JUST HOPE IT INCLUDES US AND 3 ZEROS.
______________________________________________________________
Enorrste (Dinar Guru) – It is natural for those of us who have been in this game a long time (over 10 years for me) to get frustrated now and then. I am confident that we will make a significant profit within a reasonable period of time. I am 68, so that “reasonable period” isn’t that long!
______________________________________________________________
tman23 (Dinar Guru) – Post Mosul…What does the Iraqi government have to offer the citizen? What immediate services can the GOI provide? IMO…THE HEADS OF IRAQ MUST DAZZLE THEIR PEOPLE WITH SOMETHING MORE THAN TALK ABOUT A GREAT FUTURE…IT’S TANGIBLE TIME, SOMETHING THEY CAN PUT THEIR HANDS ON… Abadi promised them all a raise retro active back a full year when he became the PM…Never knew where the $$$ was coming from then… The people do not believe in their government or their country. IMF says on their website that a countries currency can have a major pyscological affect on it’s citizens…We shall see !!
______________________________________________________________
Mosul .. Iraqi forces predict the ‘big wins’ within hours
Spokesman for the Iraqi joint operations Yahya said Messenger Saturday that “the coming hours” could see a “great victories” of Iraqi forces on Daesh fighters in Mosul, pointing out that the liberalization of the west coast of the entire city is near…
BGG (Dinar Guru) – Anyone recall how many days it’s been since the CBI website went without updating the daily rate? [They went from January 4th up until a couple days ago, so like 45 business days or so.] Kinda’ weird how they just started updating the CBI website again – after something over 45 days? Wow? No change in status – of course…just really weird.
______________________________________________________________
tman23 (Dinar Guru) – HOLD ON TO YOUR SEAT… “WASHINGTON,— U.S. Secretary of State Rex Tillerson met with Iraqi Oil Minister Jabbar al-Luaibi at the State Department on Friday. Al-Luaibi did not comment on questions from reporters about U.S. oil investment in Iraq.” “Mr. Minister, are there plans to expand U.S. oil investment in Iraq?” one reporter asked. Tillerson extended a handshake to the minister and said, “welcome.” Reporters were then quickly escorted from the room.” AND THEN… “Iraqi Prime Minister Haider al-Abadi has expressed a willingness to make a visit to Washington ahead of an earlier date, which had been set for the week of March 19...” KABOOM! The reschedule comes at the request of the White House…ABADI GOING TO WASHINGTON EARLIER THAN SCHEDULED.
______________________________________________________________
Kaperoni (Dinar Guru) – Article: “Central: financial sector management electronically end of 2017” …one of the reasons the dinar will rise gradually is that the CBI can profit as it rises.The buy/sell of the dinar creates commissions. It is those commissions that will replace the revenue the CBI seeks when it ends the daily auctions.
______________________________________________________________
MadDScout (Dinar Guru) – [...if the budget is starting to be opened, will they be opening it with the new rate?] Rate is something subject to conditions needing to be met not something already in the budget.
______________________________________________________________
Kaperoni (Dinar Guru) – Article: “The appearance of Mohammed Saleh: the central bank has a big role to emerge from the financial crisis for the country” There is no private sector without opening the banking system to the world. Simple as that.
______________________________________________________________
BGG (Dinar Guru) –[how is investment?] The investment is doing just fine – glad to be in it. No need for “secret intel” sources. This is getting good. Alak (that would be the Gov of the CBI) and Abadi (that would be the Prime Minister of Iraq) were both “forecasting” the start of economic and financial reform as soon as ISIS was defeated in Mosul – they were believing this would have happened in Jan – Feb…BUT… their optimism is still real – “first part of 2017” is still accurate – this appears to be a foregone conclusion, ISIS gone – MR started. So – we’re good…and appears to be happening as we speak...
______________________________________________________________
Mohammed Saleh: The central bank has a big role to emerge from the financial crisis for the country
Economy News / Baghdad … Set up the House of Wisdom Department of Economic Studies panel scientific symposium, Thursday, on the implementation of private sector development in Iraq strategy requirements (2014 2030)
The seminar was attended by Dr. appearance of Mohammed Saleh financial advisor to the prime minister and professor Samir Nasiri, an economist and banking and a number of economists and bankers*
And Dr. appearance of Mohammed Saleh during the symposium on how strategic economic implement and apply them to the ground adding that the private sector is the backbone of the Iraqi economy and millions of citizens working within the private sector, calling out the importance of getting rid of the market gap through public sector cooperation and private in order to create a large market…
Enorrste (Dinar Guru) –The result, of course, will be an enormous upward pressure on the value of the dinar as new investment money comes into the country. You can rest assured that most of the “Fortune 500” companies in America, not to mention others around the world, will want to “stake their claim” in this market as soon as the proper conditions permit. That time frame has been given in this article: sometime in the fourth quarter of this year. I expect the float to begin late in the third quarter or early in the fourth quarter. I expect the money supply to fall with the rise in value of the dinar. Then I expect a cascading effect as more and more new money floods into Iraq for investment, thus putting even more upward pressure on the dinar value. Within two or three years we should see a world reserve currency emerge and be poised to take our profits. [post 3 of 3]
______________________________________________________________
Enorrste (Dinar Guru) – The next phrase that struck me is “the adoption of advanced banking technologies adopted by the biggest banks in the world.” This phrase emphasizes…that this article is clearly stating that Iraq will be opening the dinar to the world market by the end of this year. Following along with that…is that this will only happen if they also float the currency. This is where our investment will begin to pay off for us all. …this will have to be at least initiated prior to the end of this year. It is a process that will take some time to implement. It will be imperative that the CBI get the money out of the mattresses before allowing the value to rise too high in order to avoid serious inflation. This brings me to the last great phrase. That phrase is “the entry of active cooperation with the world’s largest companies.” Once this new high-tech banking system is in place we will see the “Wild West” that KAP [Guru Kaperoni] and I have described many times over the years begin to occur. Investors all over the world, and in particular “the world’s largest companies,” will leap at the chance to enter into this essentially untapped market. The guarantees (insurance) and electronic security provided by a state-of-the-art banking system akin to that used by the most advanced countries in the world will be a huge magnet for these mega-companies to get their feet wet in the Iraqi market. [post 2 of 3….stay tuned]
______________________________________________________________
Enorrste (Dinar Guru) – Article: “Central: financial sector management electronically end of 2017” There are four phrases in this article that got me excited…The first is the phrase “in the best world systems.” What this means is that the IMF is bypassing older and more traditional methods of change and are instead moving Iraq to the “front of the line” in terms of technological development. This is consistent with Saleh’s statement made years ago that the dinar would become a “world reserve currency.” When your banking system is among the world’s best that means that you are poised to move directly into the world foreign currency exchange market. But the next phrase is where Saleh’s statement about the dinar become a world reserve currency gains some credence. That phrase is “helps to pull the money supply of homes to the banking sector.” We have read over the years that this is a major concern, namely, how do we get people in Iraq to pull their dinars out of their mattresses and put them into the banking system? It seems evident from this phrase that this is intended to do just that. Now, the connection to Saleh’s prediction about the dinar becoming a world reserve currency is that as these dinars come out of the mattresses and into the banks they can be destroyed by the CBI, thus lowering the overall money supply, allowing the value of the dinar to rise. The rising value of the dinar, given their high relative reserve position, will ensure that the dinar will become one of the strongest currencies in the world. [post 1 of 3….stay tuned]
______________________________________________________________
Maliki afraid of his trial and the inauguration of the new governor of the capital to fuel the conflict between him and the Sadrists
Raged differences within the National Alliance, a Shiite ruler, after the dismissal of the former Baghdad Governor Ali al-Tamimi and the election Atwan Atwani substitute, where the former governor Ali al-Tamimi belongs to the Sadrist movement block free, while the new governor belongs to the bloc coalition of state law, led by Nuri al-Maliki, who began the liquidation of political opponents during his bloc in parliament, where he has managed in the last period of the dismissal of a number of ministers and officials in the government as a kind of revenge for the lack of support for the third term of the former Prime Minister, Vice President of the Republic the current Nouri al-Maliki, and the latest was the governor of Baghdad, Ali al-Tamimi, who formed his dismissal pivotal point in Shiite conflict within the House…
Adam Montana (Dinar Guru) – [adding to the previous question… what three 0 notes do you think they will want to take out of circulation? Do you think there is any chance they will not be taking the 5,000 note out of circulation?] My guess would be that the first to go will be the 25,000 and 10,000. Followed within 6 months (at most) by all the rest, to be replaced with the new issue. [post 2 of 2]
______________________________________________________________
Adam Montana (Dinar Guru) – [When they revalue it, no matter what number it goes to…Let’s say it’s .10 cents hypothetically. I think everyone pretty much agrees it will still rise from there. If that’s true, will they announce to the dinar holders that there is a certain amount of time to exchange yours? Or will that time limit be a mystery to everyone?] I do agree that it will rise, especially if they start it at $0.10…that said, it’s impossible to pinpoint which notes they will call in first, or how long they will allow the “old” notes to remain in circulation. Other countries that have re-denominated have used 90 days. I think it’s reasonable to think we can expect that much time, but there is no guarantee on that. [post 1 of 2….stay tuned]
______________________________________________________________
BGG (Dinar Guru) – Article: “Warnings of severe deterioration of the dinar after the appetite for dollar” This is an OP ED piece…Opinion of writer only…no guarantee of veracity… the big take-away for me was – the author points out a few things that are HISTORICALLY accurate – then says – IN ESSENCE, you can fix it all with currency reform. Quote: “…in addition to that some of the citizens and the owners of the money prefer the dollar for the dinar for easy transfer and retention of the fact that the money supply will be less, and that’s what we confirm it previously necessity currency project to delete the zeros of the three of the currency, which he can solve a lot of problems…” “...CAN – SOLVE – A – LOT – OF – PROBLEMS…” BOOM!
______________________________________________________________
IS leader Baghdadi abandons Mosul fight to field commanders, U.S. and Iraqi sources say
By Isabel Coles, John Walcott and Maher Chmaytelli | MOSUL, IRAQ/WASHINGTON
U.S. and Iraqi officials believe the leader of Islamic State, Abu Bakr al-Baghdadi, has left operational commanders behind with diehard followers to fight the battle of Mosul, and is now hiding out in the desert, focussing mainly on his own survival…
Loop (Dinar Guru) – “REACT controls on the main court of the organization and the Central Bank branch in Mosul” THEY RETAKE THE MOSUL BRANCH OF THE CBI AND THEY ARE READY TO ASSESS THE DAMAGES SO THEY CAN REPAIR IT AND OPEN THE DOORS.
______________________________________________________________
tlm724 (Dinar Guru) – Article: “Adviser at the Central Bank of Iraq overcome the financial crisis and will become the country’s foreign investment” Things are progressing nicely for Iraq. Stability is close at hand! IMO the currency reform is on the horizon. The CBI keeps on keeping on, making the needed adjustment to policy to make things right to go forward.
______________________________________________________________
Shredd (Dinar Guru) – Article: “Central Bank: the financial crisis behind us and the next few days are promising” Quote: “Iraq will become a country of foreign investment as a result of competing foreign international companies to invest in the reconstruction after the devastating cities recovered from Daesh.” This is a great reminder of the wealth Iraq has and the interest from foreign investment. “Iraq will become a country of foreign investment” — that is for sure and as note, that will become a huge part in the rebuilding of the country. In this same period of time, the stability that is sought by the CBI for their currency reform can then move forward. …this is not an “If” but a “When” regarding the legal tender, globally accepted dinar to become the primarily used currency of Iraq.The immense amount of progress in the banking and investment laws, the protections for investors, the banking customer vetting via KYC, the project to remove the zeros and so many more accomplishments all still stand. None of the progress the CBI and the GOI have made to mature from their past dictatorship have been repealed. Progress has been and continues to be forward.
______________________________________________________________
Islandg1211 (Dinar Guru) – Many of us were hoping that Trump would speed up the RV. He may not have done that, but rest assure he isn’t going to let it be delayed. He’s put pressure on getting rid of ISIS both in Mosul and in Raqqa. The RV needs, IMO, in this order: 1) Mosul (and then Raqqa) 2) National Reconciliation Law 3) Day of Celebration for getting rid of ISIS and coming together politically 4) HCL 5) RV with no announcement nor fanfare. Trump certainly could try to push a settlement politically quicker and get the RV done sooner. But, for right now, it looks to me like my prediction of mid-summer with my list of things getting done prior still stands. In January, I posted these same thoughts, and I don’t see anything new to amend my opinion on the RV date of mid-summer with a rate just above the USD, around $1.13 (the high end of the original Ernst and Young appraisal of the Dinar.)
______________________________________________________________
Kaperoni (Dinar Guru) – Article: “Central: financial sector management electronically end of 2017” Currency reform should start well before end of year IMO.
______________________________________________________________
MadDScout (Dinar Guru) – Article quote: “The local market has seen a marked decline in the dollar against the Iraqi dinar and by five thousand dinars to the category of $ 100.” “marked decline by five thousand dinars to the category of $ 100.” …what we are seeing is the measures by CBI recently put in place to bring the dinar street rate in line with the cbi rate even against a strong dollar. Today they received 30 billion in loan assistance…18 from imf and 12 from Great Britian.
______________________________________________________________
revbo (Dinar Guru) – Article: “Iraq forces advance into Mosul city” …the news is everywhere, this morning, that ISF has taken the second bridge, so they have at least secured the small district just to the west of the river, where the second bridge is, which gives them direct access to Old Mosul.
______________________________________________________________
Central bank: Iraq overcome the financial crisis and the coming days bode well
The Central Bank of Iraq adviser Walid Idi, that Iraq exceeded the financial crisis, pointing out that the coming days bode well.
He Idi said in a statement that the crisis austerity and fiscal deficit as a result of lower oil prices in the last period has ended, adding that, Iraq will become a country of foreign investment as a result of competing foreign international companies to invest in the reconstruction of liberated cities, and pointed Idi that the entry of foreign Iraq’s companies reflect a positive outlook It will contribute to attracting major countries to rebuild the liberated areas and the holding of joint agreements for investment as well as trade exchange and activate tourism and oil industry.
Loop (Dinar Guru) – to follow this comment up – the very next day they same thing happened again. The street rate for the Dinar got another 3k per 100 USD stronger… looking more and more like a trend. Monetary policy (in the real world) is tightening up…and I point this out because…the culmination of what we are wanting to see is being forecast by numerous other, smaller moves – this being one of them. Corruption, International agreement, financial mgmt procedures getting better, security and stability. All happening now.
______________________________________________________________
BGG (Dinar Guru) – Article: “Central bank: Iraq overcome the financial crisis and the coming days bode well” Quote: “…Iraq will become a country of foreign investment as a result of competing foreign international companies to invest in the reconstruction of liberated cities…” None of this can happen…without a serious shift in economic and currency policy. Just can’t happen. They are back to “forecasting” as they were in late 2016…this time – the timeline isn’t months or a part of the year…but it’s “days” in their own words…NOT weeks, months or years.
______________________________________________________________
Kaperoni (Dinar Guru) – Article: “Central: financial sector management electronically end of 2017” Quote: “...the current year will see in the fourth quarter sophisticated financially important is linking the banking sector…” This is a huge article! It appears to me that they are stating that this year they expect to open the banking system to the world. That freedom of movement and international transactions will begin. This to me, appears to be confirmation that during 2017 we will see the beginning of currency reform.
______________________________________________________________
Revbo (Dinar Guru) – Article: “Central Bank: the financial crisis behind us and the next few days are promising” Sounds like they want to get things moving pretty quickly after Mosul is over, and nobody’s coming in if they can’t get their money out.
______________________________________________________________
Phillyman (Dinar Guru) – Articles: “Iraqi command says a few meters close from Mosul government complex” “Iraqi forces control most of 2 western Mosul districts, pound Tal Afar” “Iraqi forces launch fresh push in western Mosul battle” “Iraqi forces near government buildings in Mosul as fight against ISIS continues” Obviously the timing of the Mosul operation being complete is all over the place but I wanted to put this quote from the first article here in case you missed it. This is the opinion of a Lt. General, Federal Police Chief: “He said the troops have become a few meters away from the government complex, adding that retaking that area could mean “a 80 percent strategic and moral victory in western Mosul battles”.
______________________________________________________________
Adam Montana (Dinar Guru) – I mentioned in my weekly…update that I’m getting a bit giddy right now. There’s a good reason for it! We are at a tipping point, and this is going to either make us some money, or we’re going to be walking away soon. Either way, I think all of us will be happy. Either we make out like bandits or we just say “we enjoyed the ride”, right?! Based on what I’m hearing from my people, I am leaning toward the bright side of it.
______________________________________________________________
Loop (Dinar Guru) – Quote: Article quote: “The local market has seen a marked decline in the dollar against the Iraqi dinar and by five thousand dinars to the category of $ 100.” marked decline by five thousand dinars to the category of $ 100. That is all it is saying.Not that the exchange rate 5000 dinar to 100 dollars. This is right in line with the CBI’s statement made on Wednesday. [so what does that mean…?] It means that the CBI has put a system into place that allows them…control of the stability of the dinar in the market place. This systems removes the middlemen and gives them end to end transparency for all transactions. This is exactly what the IMF wants them to do. Very important move on their part.
______________________________________________________________
Vision that the economic recovery in the post-Iraqi dinar
Economy News / Baghdad … The CBI has issued a press statement in which he explained that the slight decline in the dollar against the Aldenarabraghi it causes Alryise PROCEDURES AND ORGANIZATIONAL new used to regulate the sale of Currency window and curtail the role of middlemen and speculators as well as the commitment of the private banks and their cooperation with the Central Bank of cushions and the role played by the Association of Banks He urged the Iraqi special departments of banks on the need to support the orientations of the central bank at the service of the national economy and harnessing the potential of the private banks in the central purpose of which is to work on the recovery of the Iraqi dinar and raise its value and cash Acharayah against the dollar…
tman23 (Dinar Guru) – “Kurdistan region,— Masoud Barzani said the Iraqi Kurdistan Parliament and presidential elections will be held in September this year.” “There will be two elections in September: parliament and presidential,” Barzani said during an interview …I won’t be a candidate myself.” WHY IS THIS A FACTOR? TWO VERY POSITIVE SIGNS WITH ONE GLOWING IN NEON! AUGUST 2013 BARZANI CAME SPOKE OUT ON THE DINAR AND THE MENACING 3 ZEROS AND SAID HE WAS NOT LEAVING UNTIL THEY WERE LIFTED AND KURDISTAN COULD OPEN ITS ECONOMY…HE ALSO SAID HE WAS NOT LEAVING UNTIL KURDISTAN HAD ITS STATEHOOD…THE OPENING OF A FREE MARKET LEADS TO INDEPENDENCE…TOO MUCH GOING DOWN NOT TO THINK AGREEMENTS ARE READY TO SIGNED…NOT YOUR USUAL MEET FOR NATIONAL RECONCILIATION DISCUSSIONS OF THE PAST…i BELIEVE THEY MEET TO ANNOUNCE…AND SIGN…NOT NEGOTIATE!
______________________________________________________________
BGG (Dinar Guru) – Article: “Parliamentary Finance’s “approach” to postpone the project to delete the zeros until further notice” Quote: “…Finance Committee in the House of Representatives announced the postponement of the project to delete the zeros that was planned years ago to apply until further notice.” …that almost has the “smack” of her pointing out that this WAS PLANNED – then POSTPONED until further notice. Which is…accurate…they aren’t saying further notice isn’t tomorrow, next week or next month either. Why would they be “rehashing” a decision that was put off back in 2012 – right now? Over a concept that is DIRECTLY germane to their forward economic progress. In fact…it is a little weird this is coming out now – right near the end of Mosul… or in this “first part of 2017 timeframe” – why now? I think it’s obvious.
______________________________________________________________
Adam Montana (Dinar Guru) – …I have a couple of rumors that I’m holding onto. I had hoped to have a better confirmation on them before posting this… I do not have what I need in order to release it, so I’m sticking with my
original guesstimate of the rate. When I think about it, I hope I’m wrong and y’all are riding with me to a much higher rate! You don’t want to see $3.14 any more than I do! But I’m a realist, and that guides my logic on matters like this…Let’s move forward a few steps and talk about a ReValued dinar. I agree that a lower rate than the Kuwaiti Dinar will be a blow to the ego’s of the Iraqis. I agree that it should be on par with the USD, or even higher. I agree that the rate WILL get there… eventually. I believe that Iraq can sustain a very stable currency at a rate of $3 or higher, but I don’t think they will immediately jump to that rate even if they ultimately desire it to be so.
______________________________________________________________
Iraqi Prime Minister Haider al-Abadi arrived Washington, DC Monday on a visit to meet president Trump, along with Vice President Mike Pence, Secretary of State Rex Tillerson, Speaker of the House Paul Ryan and members of Congress. This is the first time a high-level Iraqi official will meet face-to-face with Trump, who has said that he feels his country has spent a lot on Iraqi security since the 2003 invasion without getting anything back in return.
Kaperoni (Dinar Guru) – […wondering if Trump can push for currency reform.] Currency reform is a consequence of economic and banking reform. …the IMF has made it very clear the dinar will be floated and will rise as a result of the growth of the economy. There is no confusion, it is stated clearly…the Balassa-Samuelson effect. ”Balassa–Samuelson implies that countries with rapidly expanding economies should tend to have more rapidly appreciating exchange rates.” In other words Iraq’s dinar is directly related to the growth of the private sector/market economy.
______________________________________________________________
Follow us on twitter @DinarUpdates !!
Special DU – “NEWS TIME” w/MadDScout hosting a DU ROUND TABLE “News Time” – Tonite!! Mar 21st 7:30pm CST – In the NEW DU CHAT Room!!
Kaperoni (Dinar Guru) – Article: “International Monetary Fund agrees to release contractors’ receivables” Quote: “The appearance of Mohammed Saleh that the second review of the credit agreement showed a clear understanding and success…This success is the understanding and agreement on the release of receivables of all contractors amounting to more than 4 trillion dinars once the Federal Audit Bureau announced the completion of audit contracts contractors, and we know the SAI is about to complete this process.” So the IMF is going to pay almost $4 billion dollars to unpaid contractors in Iraq. This is huge.
______________________________________________________________
tman23 (Dinar Guru) –This week in Washington is the NATIONAL COALITION MEETING…THE FIRST WHERE ALL COUNTRIES WILL BE TOGETHER…68! …THIS IS ALL ABOUT IRAQ AND SYRIA AND SPECIFICALLY ISIS…
______________________________________________________________
Kaperoni (Dinar Guru) – Article: “Sabri: Iraq’s economy will rise over the next five years” ...this statement is in line with several of the CBI going back a few years that the deletion of zeros would take 4-5 years. Sounds to me like they expect a gradual appreciation of the currency as the economy grows. Anyone? Balassa-Samuelson effect…
______________________________________________________________
tman23 (Dinar Guru) – …ABADI BEST COME BACK FROM WASHINGTON WITH AN ARSENAL OF GIFTS FOR THE CITIZENS… OTHERWISE/WITH ACCESS TO FUTURE INTERNATIONAL LOANS BEING LIMITED…TICK-TOCK…TICK TOCK.
______________________________________________________________
Kaperoni (Dinar Guru) – The IMF would never agree to accept Iraq into Article VIII if they cannot comply with the Article VIII requirements… That means they must show stability at 2% or less for 90 days prior to acceptance into Article VIII. I don’t see anyway around that. That being said, they could get off the peg without approval from the IMF.
______________________________________________________________
firefly (Dinar Guru) – Anybody that’s been in this investment for any period of time should know that a lot of negative news will pop it’s ugly head at the end. Just remember what Dr. Shabibi said at Jackson Hole back in 2011 when he was asked when he will do the currency adjustment. After thinking about the question for a bit of time he stated “AFTER MUCH MEDIA PROPAGANDA” This is not about us. Just be thankful we were given the opportunity to be a part of this investment. Timing is everything right now. One mistake in their calculations would be catastrophic. …the true rate will show on the CBI 1st.
______________________________________________________________
Statement at the End of an IMF Mission on Iraq
End-of-Mission press releases include statements of IMF staff teams that convey preliminary findings after a visit to a country. The views expressed in this statement are those of the IMF staff and do not necessarily represent the views of the IMF’s Executive Board. Based on the preliminary findings of this mission, staff will prepare a report that, subject to management approval, will be presented to the IMF’s Executive Board for discussion and decision….
firefly (Dinar Guru) – Historically all currency adjustments are made in the 1st quarter of the fiscal year. Kuwait and Zambia are good reference points. There is much going on behind the scenes that we are not aware of. I for one am extremely excited at where we sit today.
______________________________________________________________
Kaperoni (Dinar Guru) – Article: “Expert: Iraq is heading for a social market economy within the plan that will last until 2030” More importantly, currency reform must begin before they will ever have a market economy.
______________________________________________________________
Kaperoni (Dinar Guru) – Article: “Detection 3 “goals” Abadi seeks to achieve” Quote: “…three goals of Prime Minister Haider al-Abadi seeks to achieve with major countries (Germany, Britain, America), as he emphasized the lack of plans for more “lending”, attributing the reason to determine Iraq certain doors by donor countries…” To me, this says they better get to work..and soon… “there are no plans for further lending”.
______________________________________________________________
BGG (Dinar Guru) – Quote: “…Based on the preliminary findings of this mission, staff will prepare a report that, subject to management approval, will be presented to the IMF’s Executive Board for discussion and decision…” exactly what decisions do the IMF executive board have to make coming up? I mean – they only deal with one thing. INTERNATIONAL MONETARY FUND. […can the CBI make a move before the DC meetings?] the CBI can do whatever they want…if the IMF doesn’t give their blessing who are they gonna’ sell their currency to? without international acceptance – there is no market. [post 2 of 2]
______________________________________________________________
BGG (Dinar Guru) – Quote: “The Iraqi authorities and IMF staff started discussions on the second review of the SBA. These discussions will continue during the upcoming IMF and World Bank Spring Meetings from April 21–23, 2017 in Washington, DC.” This is saying these finalization talks were already started…and will resume – (at the latest) in D.C. Quote: “During the visit, the team met with the Acting Minister of Finance Prof. Abdulrazzaq A. Jaleel Essa, Acting Governor of the Central Bank of Iraq (CBI), Dr. Ali Mohsen Ismail Al-Allaq, the Financial Adviser to the Prime Minister Dr. Mudher Saleh, and officials from the ministries of finance, oil, planning, the State Oil Marketing Organization, the Central Statistical Office, the Central Bank of Iraq, and representatives from the Kurdistan Regional Government, and the Board of Supreme Audit. The team would like to thank the Iraqi authorities for their cooperation and the open and productive discussions.”Mohammed Saleh…he’s been in these big IMF “shindig” meetings from the 5th to the 17th… he’s excited. [post 1 of 2….stay tuned]
_____________________________________________________________
Kaperoni (Dinar Guru) – Article: “Detection 3 “goals” Abadi seeks to achieve” Quote: “…three goals of Prime Minister Haider al-Abadi seeks to achieve with major countries (Germany, Britain, America), as he emphasized the lack of plans for more “lending”, attributing the reason to determine Iraq certain doors by donor countries…” To me, this says they better get to work..and soon… “there are no plans for further lending”.
_____________________________________________________________
Revbo (Dinar Guru) – “Statement at the End of an IMF Mission on Iraq” Quote: “…repair the banking sector are needed to support private sector-led growth and diversification of the economy once post- ISIS reconstruction is underway.” [I really believe we will see currency reform begin soon after the country is rid of ISIL since it is so important to the success of a private sector/market economy.] If they don’t turn it loose shortly after Mosul is liberated, they will be wasting a golden opportunity and a ton of momentum for a growing economy and national reconciliation.
_____________________________________________________________
Kaperoni (Dinar Guru) – “Statement at the End of an IMF Mission on Iraq” Quote: “…repair the banking sector are needed to support private sector-led growth and diversification of the economy once post- ISIS reconstruction is underway.” I really believe we will see currency reform begin soon after the country is rid of ISIL since it is so important to the success of a private sector/market economy.
_____________________________________________________________
Revbo (Dinar Guru) – I don’t know if this means anything, but yesterday was the first time I’ve ever seen no street rate posted on the CBI’s auction page.
______________________________________________________________
Maliki’s wealth estimated at $40 bln: sources
Iraqi former PM Nouri al-Maliki’s wealth is estimated at $40 billion, informed sources told The Baghdad Post on Thursday.
The sources revealed the 67-year-old has made his wealth through manipulating the Iraqi Central Bank’s accounts as well as his suspicious projects inside and outside Iraq.
They also confirmed he took over the 2014 state budget without releasing concluding statements….
1bobby (Dinar Guru) – It’s amazing how far the Banking Industry has come and continues to go… Article: “Insurance Association of Economics News: start with insurance on ATMs for banks” So why would they want to insure an ATM in such an unstable environment? Some have asked “Does this mean the LD’s are ready to roll out?” Not necessarily, but it does indicate they are willing to get them out of the banks and airports and put them into the streets at some point. I loved the quote “Never make such insureance in Iraq, which would provide service to citizens through larger deployment of ATM in the markets and public places and cultural phenomenon which is developed to serve the economy“.
_____________________________________________________________
Loop (Dinar Guru) – Article: “Alheims: the government was forced to borrow because of the external costs of the war effort Banks” Quote: “…he pointed to the achievement of the proportion of the profits of the bank increased by 300%, confirmed go half to the Treasury the public.” TBI increased it’s profits by 300%! It’s amazing how profits soar when people are not stealing the money! This little article speaks volumes on how effective the monitoring of the banking system is. A 300% increase in profits under normal economic conditions is beyond huge. Folks Iraq is at war and the TBI saw a 300% increase in profits. That is simply unheard of.
_____________________________________________________________
BGG (Dinar Guru) – Here’s a weird tidbit – just happened this AM …they changed the way they list the currency auctions – this AM…no rate – they took out the 1182 part. NADA. MIA.
______________________________________________________________
Regarding the D.U.C.E. List e-mails –
If you are not receiving D.U.C.E. messages, it’s possible the receiving mail server is blocking or filtering the message before it’s delivered to your inbox. One solution is to whitelist our domain and IP ranges so that the server will allow messages through the block.
Below is our whitelisting information. You’ll want to provide this information to your IT or website administrator and they can add it to the mail server so that future messages are delivered to your inbox… or add this info to your e-mail profile.
DinarUpdates.com Domains: From domain – mail.vresp.com Bounce domain – cts.vresp.com
DinarUpdates.com IP ranges: 74.116.89.0/24 74.116.91.0/24 63.251.246.0/24
BGG (Dinar Guru) – Article: “(Reuters) Iraqi Prime Minister Haider al-Abadi said the government offensive to recapture the city of Mosul from Islamic State militants was in its final stages.” Mosul moving to an end soon. Boom. [Whats your thoughts…that an rv happen could happen before april or during april. Being info. out of Iraq is usually already happened so mosul prob closer to done sooner than later!] Not sure – but I’m very excited I’m still in this thing!!
______________________________________________________________
Loop (Dinar Guru) –Article: “TBI launches new producer certificate of deposit” Quote: “He added that this certificate has launched with the approval and blessing of the Iraqi Central Bank and is guaranteed payment at the moment of the citizen request to withdraw amounts.” This is beyond huge IMO. In the past this is the main complaint that the citizens have had. This is saying that if you deposit your money with us and invest it into these CD you are guaranteed to be able to access your funds when you need to. Getting the citizens to deposit their money into the banks is a critical component of moving to a free market economy. When the banks have liquidity they can loan the money needed to fuel the private sector, which will lead to explosive economic growth the likes that we have not seeing in our lifetime… IMO.
______________________________________________________________
Loop (Dinar Guru) – Article quote: “today we move from a centralized economy to a market economy” Who is saying this? Dr. Mohammed Saleh economic advisor to Prime Minister al – Abadi! BOOM! …moving to a true market economy would have to include an internationally recognized currency. Market Economy = Free Market Economy. There are currently 180 countries that are ranked from Free to Restricted. Iraq is not listed. Of the 180 list countries how many of them have a currency that is internationally recognized? All of them. So do you think it is reasonable to theorize that given Saleh’s quote “today we move from a centralized economy to a market economy” that with Iraq’s move to some form of a market economy that the IQD will have to be internationally recognized as well? I DO!
______________________________________________________________
BGG (Dinar Guru) –These days – throw a rock in any direction and you hit a STUNNING NEWS PIECE. “They” have pretty much showed us the outline…and it’s being worked out now. Let’s hope they get the reform projects started soon. Because the beginning of the Iraq currency reform is when your life changes.
______________________________________________________________
The Dinar Round Table Call!! “with the whole DU Crew” from Tues nite – Mar 14th Click-N-Listen!!
Kaperoni (Dinar Guru) – Article: “Zain launches Cash trading platform to stimulate entrepreneurs Iraqis to turn their ideas into innovative reality“Iraq is going from the stone age to the state of the art very quickly. This is important for sure an they move away from a closed banking system to one that engages with the global financial system. IMO, this will support and encourage the rapid growth of a private sector/market economy.
______________________________________________________________
BGG (Dinar Guru) – [Why would it be logical for Iraq’s RVed rate to come out lower than Kuwait’s current rate when Iraq has so much more oil (and other resources) thank does Kuwait?] Logical – except oil resources and prices have zero to do with currency valuation – according to the IMF… Further – since the very definition of “currency” is a “promissary note” on the economy of a country. Truthfully – it’s going to be what the world – ie, IMF, UN, WB wants it to be…since…each currency is limited by boundaries of acceptance. In Iraq’s case – it is not internationally traded and therefore not accepted. …is this on the horizon – it sure looks promising… however, Iraq could “price” their currency at whatever they want… without international acceptance and support – who would buy it?
______________________________________________________________
BGG (Dinar Guru) – Articles: “Mosul .. Iraqi forces predict the ‘big wins’ within hours” “Mosul war will end very soon .. and Abadi called on Iraqis in Germany to return to their homeland” “Jubouri Macgork: Today suitable conditions for a comprehensive national reconciliation” So there are a few juicy headlines… I am still amazed at everything going on over there – and people still (as late as last nite) e-mail me boo hooing about how it hasn’t happened yet. I just comment on it – the mass of incredible news is just stunning. Iraq is moving forward with great speed. [We haven’t had any formal news from the CBI over the last few weeks about the delete the zeroes program, are you still of the impression that they are going to go ahead once Mosul is finished?] I can only go by their most recent commentary – all looks good from what they have said. Once this security “check box” is filled – we’ll have to see what they do.
______________________________________________________________
Economic Adviser to the Prime Minister: any country linked to terrorism must be written off debts and in 2022 we will be the biggest payment
BAGHDAD / tomorrow Press: After Greece ‘s financial crisis and what is passing through Jordan today ‘s economic crises feel the Iraqi people who have multiplied and multiplied his government loans scared, Dr. appearance of Mohammed Saleh economic advisor to Prime Minister al – Abadi spoke about the Iraqi debt in detail in this dialogue, and pointed to the accumulation of past debt and current debt, benefits and how to repaid warning in 2022 , which will be the largest payment , according to his description…
Phillyman (Dinar Guru) – I’m hoping that behind the scenes there is alot going on that we are clueless about to keep Iraq going in the right direction.It is hard to imagine that so many countries would pour so many resources into Iraq without being pretty certain of it paying off.
______________________________________________________________
tman23 (Dinar Guru) – Post Mosul…What does the Iraqi government have to offer the citizen? What immediate services can the GOI provide? IMO…THE HEADS OF IRAQ MUST DAZZLE THEIR PEOPLE WITH SOMETHING MORE THAN TALK ABOUT A GREAT FUTURE…IT’S TANGIBLE TIME, SOMETHING THEY CAN PUT THEIR HANDS ON… Abadi promised them all a raise retro active back a full year when he became the PM…Never knew where the $$$ was coming from then… The people do not believe in their government or their country. IMF says on their website that a countries currency can have a major psychological affect on it’s citizens…We shall see !!
______________________________________________________________
tman23 (Dinar Guru) – Article quote: “WASHINGTON,— U.S. Secretary of State Rex Tillerson met with Iraqi Oil Minister Jabbar al-Luaibi at the State Department on Friday.” SOME SERIOUS PLANNING GOING ON...OIL MAN TILLERSON MEETING WITH Al-Luaibi…THE CALL FOR ABADI TO GET TO WASHINGTON AHEAD OF SCHEDULED DATE…IMF MEETING TAKING PLACE WITH IRAQ…THEY HAVE A PLAN ROLLING OUT…LETS JUST HOPE IT INCLUDES US AND 3 ZEROS.
______________________________________________________________
Enorrste (Dinar Guru) – It is natural for those of us who have been in this game a long time (over 10 years for me) to get frustrated now and then. I am confident that we will make a significant profit within a reasonable period of time. I am 68, so that “reasonable period” isn’t that long!
______________________________________________________________
tman23 (Dinar Guru) – Post Mosul…What does the Iraqi government have to offer the citizen? What immediate services can the GOI provide? IMO…THE HEADS OF IRAQ MUST DAZZLE THEIR PEOPLE WITH SOMETHING MORE THAN TALK ABOUT A GREAT FUTURE…IT’S TANGIBLE TIME, SOMETHING THEY CAN PUT THEIR HANDS ON… Abadi promised them all a raise retro active back a full year when he became the PM…Never knew where the $$$ was coming from then… The people do not believe in their government or their country. IMF says on their website that a countries currency can have a major pyscological affect on it’s citizens…We shall see !!
______________________________________________________________
Mosul .. Iraqi forces predict the ‘big wins’ within hours
Spokesman for the Iraqi joint operations Yahya said Messenger Saturday that “the coming hours” could see a “great victories” of Iraqi forces on Daesh fighters in Mosul, pointing out that the liberalization of the west coast of the entire city is near…
BGG (Dinar Guru) – Anyone recall how many days it’s been since the CBI website went without updating the daily rate? [They went from January 4th up until a couple days ago, so like 45 business days or so.] Kinda’ weird how they just started updating the CBI website again – after something over 45 days? Wow? No change in status – of course…just really weird.
______________________________________________________________
tman23 (Dinar Guru) – HOLD ON TO YOUR SEAT… “WASHINGTON,— U.S. Secretary of State Rex Tillerson met with Iraqi Oil Minister Jabbar al-Luaibi at the State Department on Friday. Al-Luaibi did not comment on questions from reporters about U.S. oil investment in Iraq.” “Mr. Minister, are there plans to expand U.S. oil investment in Iraq?” one reporter asked. Tillerson extended a handshake to the minister and said, “welcome.” Reporters were then quickly escorted from the room.” AND THEN… “Iraqi Prime Minister Haider al-Abadi has expressed a willingness to make a visit to Washington ahead of an earlier date, which had been set for the week of March 19...” KABOOM! The reschedule comes at the request of the White House…ABADI GOING TO WASHINGTON EARLIER THAN SCHEDULED.
______________________________________________________________
Kaperoni (Dinar Guru) – Article: “Central: financial sector management electronically end of 2017” …one of the reasons the dinar will rise gradually is that the CBI can profit as it rises.The buy/sell of the dinar creates commissions. It is those commissions that will replace the revenue the CBI seeks when it ends the daily auctions.
______________________________________________________________
MadDScout (Dinar Guru) – [...if the budget is starting to be opened, will they be opening it with the new rate?] Rate is something subject to conditions needing to be met not something already in the budget.
______________________________________________________________
Kaperoni (Dinar Guru) – Article: “The appearance of Mohammed Saleh: the central bank has a big role to emerge from the financial crisis for the country” There is no private sector without opening the banking system to the world. Simple as that.
______________________________________________________________
BGG (Dinar Guru) –[how is investment?] The investment is doing just fine – glad to be in it. No need for “secret intel” sources. This is getting good. Alak (that would be the Gov of the CBI) and Abadi (that would be the Prime Minister of Iraq) were both “forecasting” the start of economic and financial reform as soon as ISIS was defeated in Mosul – they were believing this would have happened in Jan – Feb…BUT… their optimism is still real – “first part of 2017” is still accurate – this appears to be a foregone conclusion, ISIS gone – MR started. So – we’re good…and appears to be happening as we speak...
______________________________________________________________
Mohammed Saleh: The central bank has a big role to emerge from the financial crisis for the country
Economy News / Baghdad … Set up the House of Wisdom Department of Economic Studies panel scientific symposium, Thursday, on the implementation of private sector development in Iraq strategy requirements (2014 2030)
The seminar was attended by Dr. appearance of Mohammed Saleh financial advisor to the prime minister and professor Samir Nasiri, an economist and banking and a number of economists and bankers*
And Dr. appearance of Mohammed Saleh during the symposium on how strategic economic implement and apply them to the ground adding that the private sector is the backbone of the Iraqi economy and millions of citizens working within the private sector, calling out the importance of getting rid of the market gap through public sector cooperation and private in order to create a large market…
Enorrste (Dinar Guru) –The result, of course, will be an enormous upward pressure on the value of the dinar as new investment money comes into the country. You can rest assured that most of the “Fortune 500” companies in America, not to mention others around the world, will want to “stake their claim” in this market as soon as the proper conditions permit. That time frame has been given in this article: sometime in the fourth quarter of this year. I expect the float to begin late in the third quarter or early in the fourth quarter. I expect the money supply to fall with the rise in value of the dinar. Then I expect a cascading effect as more and more new money floods into Iraq for investment, thus putting even more upward pressure on the dinar value. Within two or three years we should see a world reserve currency emerge and be poised to take our profits. [post 3 of 3]
______________________________________________________________
Enorrste (Dinar Guru) – The next phrase that struck me is “the adoption of advanced banking technologies adopted by the biggest banks in the world.” This phrase emphasizes…that this article is clearly stating that Iraq will be opening the dinar to the world market by the end of this year. Following along with that…is that this will only happen if they also float the currency. This is where our investment will begin to pay off for us all. …this will have to be at least initiated prior to the end of this year. It is a process that will take some time to implement. It will be imperative that the CBI get the money out of the mattresses before allowing the value to rise too high in order to avoid serious inflation. This brings me to the last great phrase. That phrase is “the entry of active cooperation with the world’s largest companies.” Once this new high-tech banking system is in place we will see the “Wild West” that KAP [Guru Kaperoni] and I have described many times over the years begin to occur. Investors all over the world, and in particular “the world’s largest companies,” will leap at the chance to enter into this essentially untapped market. The guarantees (insurance) and electronic security provided by a state-of-the-art banking system akin to that used by the most advanced countries in the world will be a huge magnet for these mega-companies to get their feet wet in the Iraqi market. [post 2 of 3….stay tuned]
______________________________________________________________
Enorrste (Dinar Guru) – Article: “Central: financial sector management electronically end of 2017” There are four phrases in this article that got me excited…The first is the phrase “in the best world systems.” What this means is that the IMF is bypassing older and more traditional methods of change and are instead moving Iraq to the “front of the line” in terms of technological development. This is consistent with Saleh’s statement made years ago that the dinar would become a “world reserve currency.” When your banking system is among the world’s best that means that you are poised to move directly into the world foreign currency exchange market. But the next phrase is where Saleh’s statement about the dinar become a world reserve currency gains some credence. That phrase is “helps to pull the money supply of homes to the banking sector.” We have read over the years that this is a major concern, namely, how do we get people in Iraq to pull their dinars out of their mattresses and put them into the banking system? It seems evident from this phrase that this is intended to do just that. Now, the connection to Saleh’s prediction about the dinar becoming a world reserve currency is that as these dinars come out of the mattresses and into the banks they can be destroyed by the CBI, thus lowering the overall money supply, allowing the value of the dinar to rise. The rising value of the dinar, given their high relative reserve position, will ensure that the dinar will become one of the strongest currencies in the world. [post 1 of 3….stay tuned]
______________________________________________________________
Maliki afraid of his trial and the inauguration of the new governor of the capital to fuel the conflict between him and the Sadrists
Raged differences within the National Alliance, a Shiite ruler, after the dismissal of the former Baghdad Governor Ali al-Tamimi and the election Atwan Atwani substitute, where the former governor Ali al-Tamimi belongs to the Sadrist movement block free, while the new governor belongs to the bloc coalition of state law, led by Nuri al-Maliki, who began the liquidation of political opponents during his bloc in parliament, where he has managed in the last period of the dismissal of a number of ministers and officials in the government as a kind of revenge for the lack of support for the third term of the former Prime Minister, Vice President of the Republic the current Nouri al-Maliki, and the latest was the governor of Baghdad, Ali al-Tamimi, who formed his dismissal pivotal point in Shiite conflict within the House…
Adam Montana (Dinar Guru) – [adding to the previous question… what three 0 notes do you think they will want to take out of circulation? Do you think there is any chance they will not be taking the 5,000 note out of circulation?] My guess would be that the first to go will be the 25,000 and 10,000. Followed within 6 months (at most) by all the rest, to be replaced with the new issue. [post 2 of 2]
______________________________________________________________
Adam Montana (Dinar Guru) – [When they revalue it, no matter what number it goes to…Let’s say it’s .10 cents hypothetically. I think everyone pretty much agrees it will still rise from there. If that’s true, will they announce to the dinar holders that there is a certain amount of time to exchange yours? Or will that time limit be a mystery to everyone?] I do agree that it will rise, especially if they start it at $0.10…that said, it’s impossible to pinpoint which notes they will call in first, or how long they will allow the “old” notes to remain in circulation. Other countries that have re-denominated have used 90 days. I think it’s reasonable to think we can expect that much time, but there is no guarantee on that. [post 1 of 2….stay tuned]
______________________________________________________________
BGG (Dinar Guru) – Article: “Warnings of severe deterioration of the dinar after the appetite for dollar” This is an OP ED piece…Opinion of writer only…no guarantee of veracity… the big take-away for me was – the author points out a few things that are HISTORICALLY accurate – then says – IN ESSENCE, you can fix it all with currency reform. Quote: “…in addition to that some of the citizens and the owners of the money prefer the dollar for the dinar for easy transfer and retention of the fact that the money supply will be less, and that’s what we confirm it previously necessity currency project to delete the zeros of the three of the currency, which he can solve a lot of problems…” “...CAN – SOLVE – A – LOT – OF – PROBLEMS…” BOOM!
______________________________________________________________
IS leader Baghdadi abandons Mosul fight to field commanders, U.S. and Iraqi sources say
By Isabel Coles, John Walcott and Maher Chmaytelli | MOSUL, IRAQ/WASHINGTON
U.S. and Iraqi officials believe the leader of Islamic State, Abu Bakr al-Baghdadi, has left operational commanders behind with diehard followers to fight the battle of Mosul, and is now hiding out in the desert, focussing mainly on his own survival…
Loop (Dinar Guru) – “REACT controls on the main court of the organization and the Central Bank branch in Mosul” THEY RETAKE THE MOSUL BRANCH OF THE CBI AND THEY ARE READY TO ASSESS THE DAMAGES SO THEY CAN REPAIR IT AND OPEN THE DOORS.
______________________________________________________________
tlm724 (Dinar Guru) – Article: “Adviser at the Central Bank of Iraq overcome the financial crisis and will become the country’s foreign investment” Things are progressing nicely for Iraq. Stability is close at hand! IMO the currency reform is on the horizon. The CBI keeps on keeping on, making the needed adjustment to policy to make things right to go forward.
______________________________________________________________
Shredd (Dinar Guru) – Article: “Central Bank: the financial crisis behind us and the next few days are promising” Quote: “Iraq will become a country of foreign investment as a result of competing foreign international companies to invest in the reconstruction after the devastating cities recovered from Daesh.” This is a great reminder of the wealth Iraq has and the interest from foreign investment. “Iraq will become a country of foreign investment” — that is for sure and as note, that will become a huge part in the rebuilding of the country. In this same period of time, the stability that is sought by the CBI for their currency reform can then move forward. …this is not an “If” but a “When” regarding the legal tender, globally accepted dinar to become the primarily used currency of Iraq.The immense amount of progress in the banking and investment laws, the protections for investors, the banking customer vetting via KYC, the project to remove the zeros and so many more accomplishments all still stand. None of the progress the CBI and the GOI have made to mature from their past dictatorship have been repealed. Progress has been and continues to be forward.
______________________________________________________________
Islandg1211 (Dinar Guru) – Many of us were hoping that Trump would speed up the RV. He may not have done that, but rest assure he isn’t going to let it be delayed. He’s put pressure on getting rid of ISIS both in Mosul and in Raqqa. The RV needs, IMO, in this order: 1) Mosul (and then Raqqa) 2) National Reconciliation Law 3) Day of Celebration for getting rid of ISIS and coming together politically 4) HCL 5) RV with no announcement nor fanfare. Trump certainly could try to push a settlement politically quicker and get the RV done sooner. But, for right now, it looks to me like my prediction of mid-summer with my list of things getting done prior still stands. In January, I posted these same thoughts, and I don’t see anything new to amend my opinion on the RV date of mid-summer with a rate just above the USD, around $1.13 (the high end of the original Ernst and Young appraisal of the Dinar.)
______________________________________________________________
Kaperoni (Dinar Guru) – Article: “Central: financial sector management electronically end of 2017” Currency reform should start well before end of year IMO.
______________________________________________________________
MadDScout (Dinar Guru) – Article quote: “The local market has seen a marked decline in the dollar against the Iraqi dinar and by five thousand dinars to the category of $ 100.” “marked decline by five thousand dinars to the category of $ 100.” …what we are seeing is the measures by CBI recently put in place to bring the dinar street rate in line with the cbi rate even against a strong dollar. Today they received 30 billion in loan assistance…18 from imf and 12 from Great Britian.
______________________________________________________________
revbo (Dinar Guru) – Article: “Iraq forces advance into Mosul city” …the news is everywhere, this morning, that ISF has taken the second bridge, so they have at least secured the small district just to the west of the river, where the second bridge is, which gives them direct access to Old Mosul.
______________________________________________________________
Central bank: Iraq overcome the financial crisis and the coming days bode well
The Central Bank of Iraq adviser Walid Idi, that Iraq exceeded the financial crisis, pointing out that the coming days bode well.
He Idi said in a statement that the crisis austerity and fiscal deficit as a result of lower oil prices in the last period has ended, adding that, Iraq will become a country of foreign investment as a result of competing foreign international companies to invest in the reconstruction of liberated cities, and pointed Idi that the entry of foreign Iraq’s companies reflect a positive outlook It will contribute to attracting major countries to rebuild the liberated areas and the holding of joint agreements for investment as well as trade exchange and activate tourism and oil industry.
Loop (Dinar Guru) – to follow this comment up – the very next day they same thing happened again. The street rate for the Dinar got another 3k per 100 USD stronger… looking more and more like a trend. Monetary policy (in the real world) is tightening up…and I point this out because…the culmination of what we are wanting to see is being forecast by numerous other, smaller moves – this being one of them. Corruption, International agreement, financial mgmt procedures getting better, security and stability. All happening now.
______________________________________________________________
BGG (Dinar Guru) – Article: “Central bank: Iraq overcome the financial crisis and the coming days bode well” Quote: “…Iraq will become a country of foreign investment as a result of competing foreign international companies to invest in the reconstruction of liberated cities…” None of this can happen…without a serious shift in economic and currency policy. Just can’t happen. They are back to “forecasting” as they were in late 2016…this time – the timeline isn’t months or a part of the year…but it’s “days” in their own words…NOT weeks, months or years.
______________________________________________________________
Kaperoni (Dinar Guru) – Article: “Central: financial sector management electronically end of 2017” Quote: “...the current year will see in the fourth quarter sophisticated financially important is linking the banking sector…” This is a huge article! It appears to me that they are stating that this year they expect to open the banking system to the world. That freedom of movement and international transactions will begin. This to me, appears to be confirmation that during 2017 we will see the beginning of currency reform.
______________________________________________________________
Revbo (Dinar Guru) – Article: “Central Bank: the financial crisis behind us and the next few days are promising” Sounds like they want to get things moving pretty quickly after Mosul is over, and nobody’s coming in if they can’t get their money out.
______________________________________________________________
Phillyman (Dinar Guru) – Articles: “Iraqi command says a few meters close from Mosul government complex” “Iraqi forces control most of 2 western Mosul districts, pound Tal Afar” “Iraqi forces launch fresh push in western Mosul battle” “Iraqi forces near government buildings in Mosul as fight against ISIS continues” Obviously the timing of the Mosul operation being complete is all over the place but I wanted to put this quote from the first article here in case you missed it. This is the opinion of a Lt. General, Federal Police Chief: “He said the troops have become a few meters away from the government complex, adding that retaking that area could mean “a 80 percent strategic and moral victory in western Mosul battles”.
______________________________________________________________
Adam Montana (Dinar Guru) – I mentioned in my weekly…update that I’m getting a bit giddy right now. There’s a good reason for it! We are at a tipping point, and this is going to either make us some money, or we’re going to be walking away soon. Either way, I think all of us will be happy. Either we make out like bandits or we just say “we enjoyed the ride”, right?! Based on what I’m hearing from my people, I am leaning toward the bright side of it.
______________________________________________________________
Loop (Dinar Guru) – Quote: Article quote: “The local market has seen a marked decline in the dollar against the Iraqi dinar and by five thousand dinars to the category of $ 100.” marked decline by five thousand dinars to the category of $ 100. That is all it is saying.Not that the exchange rate 5000 dinar to 100 dollars. This is right in line with the CBI’s statement made on Wednesday. [so what does that mean…?] It means that the CBI has put a system into place that allows them…control of the stability of the dinar in the market place. This systems removes the middlemen and gives them end to end transparency for all transactions. This is exactly what the IMF wants them to do. Very important move on their part.
______________________________________________________________
Vision that the economic recovery in the post-Iraqi dinar
Economy News / Baghdad … The CBI has issued a press statement in which he explained that the slight decline in the dollar against the Aldenarabraghi it causes Alryise PROCEDURES AND ORGANIZATIONAL new used to regulate the sale of Currency window and curtail the role of middlemen and speculators as well as the commitment of the private banks and their cooperation with the Central Bank of cushions and the role played by the Association of Banks He urged the Iraqi special departments of banks on the need to support the orientations of the central bank at the service of the national economy and harnessing the potential of the private banks in the central purpose of which is to work on the recovery of the Iraqi dinar and raise its value and cash Acharayah against the dollar…
tman23 (Dinar Guru) – “Kurdistan region,— Masoud Barzani said the Iraqi Kurdistan Parliament and presidential elections will be held in September this year.” “There will be two elections in September: parliament and presidential,” Barzani said during an interview …I won’t be a candidate myself.” WHY IS THIS A FACTOR? TWO VERY POSITIVE SIGNS WITH ONE GLOWING IN NEON! AUGUST 2013 BARZANI CAME SPOKE OUT ON THE DINAR AND THE MENACING 3 ZEROS AND SAID HE WAS NOT LEAVING UNTIL THEY WERE LIFTED AND KURDISTAN COULD OPEN ITS ECONOMY…HE ALSO SAID HE WAS NOT LEAVING UNTIL KURDISTAN HAD ITS STATEHOOD…THE OPENING OF A FREE MARKET LEADS TO INDEPENDENCE…TOO MUCH GOING DOWN NOT TO THINK AGREEMENTS ARE READY TO SIGNED…NOT YOUR USUAL MEET FOR NATIONAL RECONCILIATION DISCUSSIONS OF THE PAST…i BELIEVE THEY MEET TO ANNOUNCE…AND SIGN…NOT NEGOTIATE!
______________________________________________________________
BGG (Dinar Guru) – Article: “Parliamentary Finance’s “approach” to postpone the project to delete the zeros until further notice” Quote: “…Finance Committee in the House of Representatives announced the postponement of the project to delete the zeros that was planned years ago to apply until further notice.” …that almost has the “smack” of her pointing out that this WAS PLANNED – then POSTPONED until further notice. Which is…accurate…they aren’t saying further notice isn’t tomorrow, next week or next month either. Why would they be “rehashing” a decision that was put off back in 2012 – right now? Over a concept that is DIRECTLY germane to their forward economic progress. In fact…it is a little weird this is coming out now – right near the end of Mosul… or in this “first part of 2017 timeframe” – why now? I think it’s obvious.
______________________________________________________________
Adam Montana (Dinar Guru) – …I have a couple of rumors that I’m holding onto. I had hoped to have a better confirmation on them before posting this… I do not have what I need in order to release it, so I’m sticking with my
original guesstimate of the rate. When I think about it, I hope I’m wrong and y’all are riding with me to a much higher rate! You don’t want to see $3.14 any more than I do! But I’m a realist, and that guides my logic on matters like this…Let’s move forward a few steps and talk about a ReValued dinar. I agree that a lower rate than the Kuwaiti Dinar will be a blow to the ego’s of the Iraqis. I agree that it should be on par with the USD, or even higher. I agree that the rate WILL get there… eventually. I believe that Iraq can sustain a very stable currency at a rate of $3 or higher, but I don’t think they will immediately jump to that rate even if they ultimately desire it to be so.
______________________________________________________________
Twilight News / US station CNN reported that the president of the United States, Donald Trump will host Prime Minister Haider al-Abadi said on Monday.
Abadi and arrived this morning to the United States, according to the announcement by the Iraqi government in a statement.
Abadi on Sunday and went to the United States on an official visit at the official invitation of US President Donald Trump.
He will meet Abadi, in addition to the US President a group of administration officials, including Vice President and Foreign Minister and Chairman of the US House of Representatives as well as meetings with members of Congress and the Senate.
The focus of meetings Abadi to enhance cooperation between the two countries in the security, military, economic and other fields…
Kaperoni (Dinar Guru) – Article: “International Monetary Fund agrees to release contractors’ receivables” Quote: “The appearance of Mohammed Saleh that the second review of the credit agreement showed a clear understanding and success…This success is the understanding and agreement on the release of receivables of all contractors amounting to more than 4 trillion dinars once the Federal Audit Bureau announced the completion of audit contracts contractors, and we know the SAI is about to complete this process.” So the IMF is going to pay almost $4 billion dollars to unpaid contractors in Iraq. This is huge.
______________________________________________________________
Follow us on twitter @DinarUpdates !!
Special DU – “NEWS TIME” w/MadDScout hosting a DU ROUND TABLE “News Time” – Tonite!! Mar 21st 7:30pm CST – In the NEW DU CHAT Room!!
tman23 (Dinar Guru) –This week in Washington is the NATIONAL COALITION MEETING…THE FIRST WHERE ALL COUNTRIES WILL BE TOGETHER…68! …THIS IS ALL ABOUT IRAQ AND SYRIA AND SPECIFICALLY ISIS…
______________________________________________________________
Kaperoni (Dinar Guru) – Article: “Sabri: Iraq’s economy will rise over the next five years” ...this statement is in line with several of the CBI going back a few years that the deletion of zeros would take 4-5 years. Sounds to me like they expect a gradual appreciation of the currency as the economy grows. Anyone? Balassa-Samuelson effect…
______________________________________________________________
tman23 (Dinar Guru) – …ABADI BEST COME BACK FROM WASHINGTON WITH AN ARSENAL OF GIFTS FOR THE CITIZENS… OTHERWISE/WITH ACCESS TO FUTURE INTERNATIONAL LOANS BEING LIMITED…TICK-TOCK…TICK TOCK.
______________________________________________________________
Kaperoni (Dinar Guru) – The IMF would never agree to accept Iraq into Article VIII if they cannot comply with the Article VIII requirements… That means they must show stability at 2% or less for 90 days prior to acceptance into Article VIII. I don’t see anyway around that. That being said, they could get off the peg without approval from the IMF.
______________________________________________________________
firefly (Dinar Guru) – Anybody that’s been in this investment for any period of time should know that a lot of negative news will pop it’s ugly head at the end. Just remember what Dr. Shabibi said at Jackson Hole back in 2011 when he was asked when he will do the currency adjustment. After thinking about the question for a bit of time he stated “AFTER MUCH MEDIA PROPAGANDA” This is not about us. Just be thankful we were given the opportunity to be a part of this investment. Timing is everything right now. One mistake in their calculations would be catastrophic. …the true rate will show on the CBI 1st.
______________________________________________________________
Statement at the End of an IMF Mission on Iraq
End-of-Mission press releases include statements of IMF staff teams that convey preliminary findings after a visit to a country. The views expressed in this statement are those of the IMF staff and do not necessarily represent the views of the IMF’s Executive Board. Based on the preliminary findings of this mission, staff will prepare a report that, subject to management approval, will be presented to the IMF’s Executive Board for discussion and decision….
firefly (Dinar Guru) – Historically all currency adjustments are made in the 1st quarter of the fiscal year. Kuwait and Zambia are good reference points. There is much going on behind the scenes that we are not aware of. I for one am extremely excited at where we sit today.
______________________________________________________________
Kaperoni (Dinar Guru) – Article: “Expert: Iraq is heading for a social market economy within the plan that will last until 2030” More importantly, currency reform must begin before they will ever have a market economy.
______________________________________________________________
Kaperoni (Dinar Guru) – Article: “Detection 3 “goals” Abadi seeks to achieve” Quote: “…three goals of Prime Minister Haider al-Abadi seeks to achieve with major countries (Germany, Britain, America), as he emphasized the lack of plans for more “lending”, attributing the reason to determine Iraq certain doors by donor countries…” To me, this says they better get to work..and soon… “there are no plans for further lending”.
______________________________________________________________
BGG (Dinar Guru) – Quote: “…Based on the preliminary findings of this mission, staff will prepare a report that, subject to management approval, will be presented to the IMF’s Executive Board for discussion and decision…” exactly what decisions do the IMF executive board have to make coming up? I mean – they only deal with one thing. INTERNATIONAL MONETARY FUND. […can the CBI make a move before the DC meetings?] the CBI can do whatever they want…if the IMF doesn’t give their blessing who are they gonna’ sell their currency to? without international acceptance – there is no market. [post 2 of 2]
______________________________________________________________
BGG (Dinar Guru) – Quote: “The Iraqi authorities and IMF staff started discussions on the second review of the SBA. These discussions will continue during the upcoming IMF and World Bank Spring Meetings from April 21–23, 2017 in Washington, DC.” This is saying these finalization talks were already started…and will resume – (at the latest) in D.C. Quote: “During the visit, the team met with the Acting Minister of Finance Prof. Abdulrazzaq A. Jaleel Essa, Acting Governor of the Central Bank of Iraq (CBI), Dr. Ali Mohsen Ismail Al-Allaq, the Financial Adviser to the Prime Minister Dr. Mudher Saleh, and officials from the ministries of finance, oil, planning, the State Oil Marketing Organization, the Central Statistical Office, the Central Bank of Iraq, and representatives from the Kurdistan Regional Government, and the Board of Supreme Audit. The team would like to thank the Iraqi authorities for their cooperation and the open and productive discussions.”Mohammed Saleh…he’s been in these big IMF “shindig” meetings from the 5th to the 17th… he’s excited. [post 1 of 2….stay tuned]
_____________________________________________________________
Kaperoni (Dinar Guru) – Article: “Detection 3 “goals” Abadi seeks to achieve” Quote: “…three goals of Prime Minister Haider al-Abadi seeks to achieve with major countries (Germany, Britain, America), as he emphasized the lack of plans for more “lending”, attributing the reason to determine Iraq certain doors by donor countries…” To me, this says they better get to work..and soon… “there are no plans for further lending”.
_____________________________________________________________
Revbo (Dinar Guru) – “Statement at the End of an IMF Mission on Iraq” Quote: “…repair the banking sector are needed to support private sector-led growth and diversification of the economy once post- ISIS reconstruction is underway.” [I really believe we will see currency reform begin soon after the country is rid of ISIL since it is so important to the success of a private sector/market economy.] If they don’t turn it loose shortly after Mosul is liberated, they will be wasting a golden opportunity and a ton of momentum for a growing economy and national reconciliation.
_____________________________________________________________
Kaperoni (Dinar Guru) – “Statement at the End of an IMF Mission on Iraq” Quote: “…repair the banking sector are needed to support private sector-led growth and diversification of the economy once post- ISIS reconstruction is underway.” I really believe we will see currency reform begin soon after the country is rid of ISIL since it is so important to the success of a private sector/market economy.
_____________________________________________________________
Revbo (Dinar Guru) – I don’t know if this means anything, but yesterday was the first time I’ve ever seen no street rate posted on the CBI’s auction page.
______________________________________________________________
Maliki’s wealth estimated at $40 bln: sources
Iraqi former PM Nouri al-Maliki’s wealth is estimated at $40 billion, informed sources told The Baghdad Post on Thursday.
The sources revealed the 67-year-old has made his wealth through manipulating the Iraqi Central Bank’s accounts as well as his suspicious projects inside and outside Iraq.
They also confirmed he took over the 2014 state budget without releasing concluding statements….
1bobby (Dinar Guru) – It’s amazing how far the Banking Industry has come and continues to go… Article: “Insurance Association of Economics News: start with insurance on ATMs for banks” So why would they want to insure an ATM in such an unstable environment? Some have asked “Does this mean the LD’s are ready to roll out?” Not necessarily, but it does indicate they are willing to get them out of the banks and airports and put them into the streets at some point. I loved the quote “Never make such insureance in Iraq, which would provide service to citizens through larger deployment of ATM in the markets and public places and cultural phenomenon which is developed to serve the economy“.
_____________________________________________________________
Loop (Dinar Guru) – Article: “Alheims: the government was forced to borrow because of the external costs of the war effort Banks” Quote: “…he pointed to the achievement of the proportion of the profits of the bank increased by 300%, confirmed go half to the Treasury the public.” TBI increased it’s profits by 300%! It’s amazing how profits soar when people are not stealing the money! This little article speaks volumes on how effective the monitoring of the banking system is. A 300% increase in profits under normal economic conditions is beyond huge. Folks Iraq is at war and the TBI saw a 300% increase in profits. That is simply unheard of.
_____________________________________________________________
BGG (Dinar Guru) – Here’s a weird tidbit – just happened this AM …they changed the way they list the currency auctions – this AM…no rate – they took out the 1182 part. NADA. MIA.
______________________________________________________________
1) Be sure you have actually joined and are a member. A while back we switched servers. When we did – the room may look the same but everything started over from scratch.
2) if you are using Google Chrome you might need to do this:
Click on the menu in the upper right hand corner of Chrome…
then go down to “Settings” > “show Advanced settings” (at the very bottom) > Then to the “Content settings” button > then click “Allow sites to run Flash” – should be good to go.
This is some recent update to Chrome – nothing we did.
3) in that same area I had to go to the Pop-ups box (right below the one above) and check the box to allow pop-ups. If you only want to allow pop-ups on the chat room, you can. There is a dialog box right below where you can add the Dinar Updates Chat Room web address to the box – it will allow the Chat Room to “pop-up”…
Blocked pop-ups is a big reason there are chat room error. You might have to all an exception – for instance, on Firefox.
Hope this helps.
All of the above applies to Desk top/Lap top access only.
If you would like to access the Chat Room via a Smart Phone:
We have recently installed the Mobile plug-in so the Chat Room is Mobile access ready
However, you will need a flash player compatible browser. The recommended browser is Puffin (free version) – you can download it from the Google Play Store in about 2 minutes.
It is a very fast browser – Easy to use. My new favorite mobile browser. I just took Chrome off my Mobile Home Screens – it’s not even close.
We have also added several big, easy to find Mobile Chat Links to the site at the top of the Forum athttp://www.DinarUpdates.com
BGG (Dinar Guru) – Article: “(Reuters) Iraqi Prime Minister Haider al-Abadi said the government offensive to recapture the city of Mosul from Islamic State militants was in its final stages.” Mosul moving to an end soon. Boom. [Whats your thoughts…that an rv happen could happen before april or during april. Being info. out of Iraq is usually already happened so mosul prob closer to done sooner than later!] Not sure – but I’m very excited I’m still in this thing!!
______________________________________________________________
BGG (Dinar Guru) – Article: “(Reuters) Iraqi Prime Minister Haider al-Abadi said the government offensive to recapture the city of Mosul from Islamic State militants was in its final stages.” Mosul moving to an end soon. Boom. [Whats your thoughts…that an rv happen could happen before april or during april. Being info. out of Iraq is usually already happened so mosul prob closer to done sooner than later!] Not sure – but I’m very excited I’m still in this thing!!
______________________________________________________________
Kaperoni (Dinar Guru) – Article: “Saleh: Iraq is still within safe levels for loans” Quote: “…Iraq is not going to borrow the next budgets but on the contrary will be able to start paying the current loan incurred by him” Better get that market economy going and open the banking system if that is the plan.
______________________________________________________________
Regarding the D.U.C.E. List e-mails –
If you are not receiving D.U.C.E. messages, it’s possible the receiving mail server is blocking or filtering the message before it’s delivered to your inbox. One solution is to whitelist our domain and IP ranges so that the server will allow messages through the block.
Below is our whitelisting information. You’ll want to provide this information to your IT or website administrator and they can add it to the mail server so that future messages are delivered to your inbox… or add this info to your e-mail profile.
DinarUpdates.com Domains: From domain – mail.vresp.com Bounce domain – cts.vresp.com
DinarUpdates.com IP ranges: 74.116.89.0/24 74.116.91.0/24 63.251.246.0/24
Loop (Dinar Guru) –Article: “TBI launches new producer certificate of deposit” Quote: “He added that this certificate has launched with the approval and blessing of the Iraqi Central Bank and is guaranteed payment at the moment of the citizen request to withdraw amounts.” This is beyond huge IMO. In the past this is the main complaint that the citizens have had. This is saying that if you deposit your money with us and invest it into these CD you are guaranteed to be able to access your funds when you need to. Getting the citizens to deposit their money into the banks is a critical component of moving to a free market economy. When the banks have liquidity they can loan the money needed to fuel the private sector, which will lead to explosive economic growth the likes that we have not seeing in our lifetime… IMO.
______________________________________________________________
Loop (Dinar Guru) – Article quote: “today we move from a centralized economy to a market economy” Who is saying this? Dr. Mohammed Saleh economic advisor to Prime Minister al – Abadi! BOOM! …moving to a true market economy would have to include an internationally recognized currency. Market Economy = Free Market Economy. There are currently 180 countries that are ranked from Free to Restricted. Iraq is not listed. Of the 180 list countries how many of them have a currency that is internationally recognized? All of them. So do you think it is reasonable to theorize that given Saleh’s quote “today we move from a centralized economy to a market economy” that with Iraq’s move to some form of a market economy that the IQD will have to be internationally recognized as well? I DO!
______________________________________________________________
BGG (Dinar Guru) –These days – throw a rock in any direction and you hit a STUNNING NEWS PIECE. “They” have pretty much showed us the outline…and it’s being worked out now. Let’s hope they get the reform projects started soon. Because the beginning of the Iraq currency reform is when your life changes.
______________________________________________________________
The Dinar Round Table Call!! “with the whole DU Crew” from Tues nite – Mar 14th Click-N-Listen!!
Kaperoni (Dinar Guru) – Article: “Zain launches Cash trading platform to stimulate entrepreneurs Iraqis to turn their ideas into innovative reality“Iraq is going from the stone age to the state of the art very quickly. This is important for sure an they move away from a closed banking system to one that engages with the global financial system. IMO, this will support and encourage the rapid growth of a private sector/market economy.
______________________________________________________________
BGG (Dinar Guru) – [Why would it be logical for Iraq’s RVed rate to come out lower than Kuwait’s current rate when Iraq has so much more oil (and other resources) thank does Kuwait?] Logical – except oil resources and prices have zero to do with currency valuation – according to the IMF… Further – since the very definition of “currency” is a “promissary note” on the economy of a country. Truthfully – it’s going to be what the world – ie, IMF, UN, WB wants it to be…since…each currency is limited by boundaries of acceptance. In Iraq’s case – it is not internationally traded and therefore not accepted. …is this on the horizon – it sure looks promising… however, Iraq could “price” their currency at whatever they want… without international acceptance and support – who would buy it?
______________________________________________________________
BGG (Dinar Guru) – Articles: “Mosul .. Iraqi forces predict the ‘big wins’ within hours” “Mosul war will end very soon .. and Abadi called on Iraqis in Germany to return to their homeland” “Jubouri Macgork: Today suitable conditions for a comprehensive national reconciliation” So there are a few juicy headlines… I am still amazed at everything going on over there – and people still (as late as last nite) e-mail me boo hooing about how it hasn’t happened yet. I just comment on it – the mass of incredible news is just stunning. Iraq is moving forward with great speed. [We haven’t had any formal news from the CBI over the last few weeks about the delete the zeroes program, are you still of the impression that they are going to go ahead once Mosul is finished?] I can only go by their most recent commentary – all looks good from what they have said. Once this security “check box” is filled – we’ll have to see what they do.
______________________________________________________________
Economic Adviser to the Prime Minister: any country linked to terrorism must be written off debts and in 2022 we will be the biggest payment
BAGHDAD / tomorrow Press: After Greece ‘s financial crisis and what is passing through Jordan today ‘s economic crises feel the Iraqi people who have multiplied and multiplied his government loans scared, Dr. appearance of Mohammed Saleh economic advisor to Prime Minister al – Abadi spoke about the Iraqi debt in detail in this dialogue, and pointed to the accumulation of past debt and current debt, benefits and how to repaid warning in 2022 , which will be the largest payment , according to his description…
Phillyman (Dinar Guru) – I’m hoping that behind the scenes there is alot going on that we are clueless about to keep Iraq going in the right direction.It is hard to imagine that so many countries would pour so many resources into Iraq without being pretty certain of it paying off.
______________________________________________________________
tman23 (Dinar Guru) – Post Mosul…What does the Iraqi government have to offer the citizen? What immediate services can the GOI provide? IMO…THE HEADS OF IRAQ MUST DAZZLE THEIR PEOPLE WITH SOMETHING MORE THAN TALK ABOUT A GREAT FUTURE…IT’S TANGIBLE TIME, SOMETHING THEY CAN PUT THEIR HANDS ON… Abadi promised them all a raise retro active back a full year when he became the PM…Never knew where the $$$ was coming from then… The people do not believe in their government or their country. IMF says on their website that a countries currency can have a major psychological affect on it’s citizens…We shall see !!
______________________________________________________________
tman23 (Dinar Guru) – Article quote: “WASHINGTON,— U.S. Secretary of State Rex Tillerson met with Iraqi Oil Minister Jabbar al-Luaibi at the State Department on Friday.” SOME SERIOUS PLANNING GOING ON...OIL MAN TILLERSON MEETING WITH Al-Luaibi…THE CALL FOR ABADI TO GET TO WASHINGTON AHEAD OF SCHEDULED DATE…IMF MEETING TAKING PLACE WITH IRAQ…THEY HAVE A PLAN ROLLING OUT…LETS JUST HOPE IT INCLUDES US AND 3 ZEROS.
______________________________________________________________
Enorrste (Dinar Guru) – It is natural for those of us who have been in this game a long time (over 10 years for me) to get frustrated now and then. I am confident that we will make a significant profit within a reasonable period of time. I am 68, so that “reasonable period” isn’t that long!
______________________________________________________________
tman23 (Dinar Guru) – Post Mosul…What does the Iraqi government have to offer the citizen? What immediate services can the GOI provide? IMO…THE HEADS OF IRAQ MUST DAZZLE THEIR PEOPLE WITH SOMETHING MORE THAN TALK ABOUT A GREAT FUTURE…IT’S TANGIBLE TIME, SOMETHING THEY CAN PUT THEIR HANDS ON… Abadi promised them all a raise retro active back a full year when he became the PM…Never knew where the $$$ was coming from then… The people do not believe in their government or their country. IMF says on their website that a countries currency can have a major pyscological affect on it’s citizens…We shall see !!
______________________________________________________________
Mosul .. Iraqi forces predict the ‘big wins’ within hours
Spokesman for the Iraqi joint operations Yahya said Messenger Saturday that “the coming hours” could see a “great victories” of Iraqi forces on Daesh fighters in Mosul, pointing out that the liberalization of the west coast of the entire city is near…
BGG (Dinar Guru) – Anyone recall how many days it’s been since the CBI website went without updating the daily rate? [They went from January 4th up until a couple days ago, so like 45 business days or so.] Kinda’ weird how they just started updating the CBI website again – after something over 45 days? Wow? No change in status – of course…just really weird.
______________________________________________________________
tman23 (Dinar Guru) – HOLD ON TO YOUR SEAT… “WASHINGTON,— U.S. Secretary of State Rex Tillerson met with Iraqi Oil Minister Jabbar al-Luaibi at the State Department on Friday. Al-Luaibi did not comment on questions from reporters about U.S. oil investment in Iraq.” “Mr. Minister, are there plans to expand U.S. oil investment in Iraq?” one reporter asked. Tillerson extended a handshake to the minister and said, “welcome.” Reporters were then quickly escorted from the room.” AND THEN… “Iraqi Prime Minister Haider al-Abadi has expressed a willingness to make a visit to Washington ahead of an earlier date, which had been set for the week of March 19...” KABOOM! The reschedule comes at the request of the White House…ABADI GOING TO WASHINGTON EARLIER THAN SCHEDULED.
______________________________________________________________
Kaperoni (Dinar Guru) – Article: “Central: financial sector management electronically end of 2017” …one of the reasons the dinar will rise gradually is that the CBI can profit as it rises.The buy/sell of the dinar creates commissions. It is those commissions that will replace the revenue the CBI seeks when it ends the daily auctions.
______________________________________________________________
MadDScout (Dinar Guru) – [...if the budget is starting to be opened, will they be opening it with the new rate?] Rate is something subject to conditions needing to be met not something already in the budget.
______________________________________________________________
Kaperoni (Dinar Guru) – Article: “The appearance of Mohammed Saleh: the central bank has a big role to emerge from the financial crisis for the country” There is no private sector without opening the banking system to the world. Simple as that.
______________________________________________________________
BGG (Dinar Guru) –[how is investment?] The investment is doing just fine – glad to be in it. No need for “secret intel” sources. This is getting good. Alak (that would be the Gov of the CBI) and Abadi (that would be the Prime Minister of Iraq) were both “forecasting” the start of economic and financial reform as soon as ISIS was defeated in Mosul – they were believing this would have happened in Jan – Feb…BUT… their optimism is still real – “first part of 2017” is still accurate – this appears to be a foregone conclusion, ISIS gone – MR started. So – we’re good…and appears to be happening as we speak...
______________________________________________________________
Mohammed Saleh: The central bank has a big role to emerge from the financial crisis for the country
Economy News / Baghdad … Set up the House of Wisdom Department of Economic Studies panel scientific symposium, Thursday, on the implementation of private sector development in Iraq strategy requirements (2014 2030)
The seminar was attended by Dr. appearance of Mohammed Saleh financial advisor to the prime minister and professor Samir Nasiri, an economist and banking and a number of economists and bankers*
And Dr. appearance of Mohammed Saleh during the symposium on how strategic economic implement and apply them to the ground adding that the private sector is the backbone of the Iraqi economy and millions of citizens working within the private sector, calling out the importance of getting rid of the market gap through public sector cooperation and private in order to create a large market…
Enorrste (Dinar Guru) –The result, of course, will be an enormous upward pressure on the value of the dinar as new investment money comes into the country. You can rest assured that most of the “Fortune 500” companies in America, not to mention others around the world, will want to “stake their claim” in this market as soon as the proper conditions permit. That time frame has been given in this article: sometime in the fourth quarter of this year. I expect the float to begin late in the third quarter or early in the fourth quarter. I expect the money supply to fall with the rise in value of the dinar. Then I expect a cascading effect as more and more new money floods into Iraq for investment, thus putting even more upward pressure on the dinar value. Within two or three years we should see a world reserve currency emerge and be poised to take our profits. [post 3 of 3]
______________________________________________________________
Enorrste (Dinar Guru) – The next phrase that struck me is “the adoption of advanced banking technologies adopted by the biggest banks in the world.” This phrase emphasizes…that this article is clearly stating that Iraq will be opening the dinar to the world market by the end of this year. Following along with that…is that this will only happen if they also float the currency. This is where our investment will begin to pay off for us all. …this will have to be at least initiated prior to the end of this year. It is a process that will take some time to implement. It will be imperative that the CBI get the money out of the mattresses before allowing the value to rise too high in order to avoid serious inflation. This brings me to the last great phrase. That phrase is “the entry of active cooperation with the world’s largest companies.” Once this new high-tech banking system is in place we will see the “Wild West” that KAP [Guru Kaperoni] and I have described many times over the years begin to occur. Investors all over the world, and in particular “the world’s largest companies,” will leap at the chance to enter into this essentially untapped market. The guarantees (insurance) and electronic security provided by a state-of-the-art banking system akin to that used by the most advanced countries in the world will be a huge magnet for these mega-companies to get their feet wet in the Iraqi market. [post 2 of 3….stay tuned]
______________________________________________________________
Enorrste (Dinar Guru) – Article: “Central: financial sector management electronically end of 2017” There are four phrases in this article that got me excited…The first is the phrase “in the best world systems.” What this means is that the IMF is bypassing older and more traditional methods of change and are instead moving Iraq to the “front of the line” in terms of technological development. This is consistent with Saleh’s statement made years ago that the dinar would become a “world reserve currency.” When your banking system is among the world’s best that means that you are poised to move directly into the world foreign currency exchange market. But the next phrase is where Saleh’s statement about the dinar become a world reserve currency gains some credence. That phrase is “helps to pull the money supply of homes to the banking sector.” We have read over the years that this is a major concern, namely, how do we get people in Iraq to pull their dinars out of their mattresses and put them into the banking system? It seems evident from this phrase that this is intended to do just that. Now, the connection to Saleh’s prediction about the dinar becoming a world reserve currency is that as these dinars come out of the mattresses and into the banks they can be destroyed by the CBI, thus lowering the overall money supply, allowing the value of the dinar to rise. The rising value of the dinar, given their high relative reserve position, will ensure that the dinar will become one of the strongest currencies in the world. [post 1 of 3….stay tuned]
______________________________________________________________
Maliki afraid of his trial and the inauguration of the new governor of the capital to fuel the conflict between him and the Sadrists
Raged differences within the National Alliance, a Shiite ruler, after the dismissal of the former Baghdad Governor Ali al-Tamimi and the election Atwan Atwani substitute, where the former governor Ali al-Tamimi belongs to the Sadrist movement block free, while the new governor belongs to the bloc coalition of state law, led by Nuri al-Maliki, who began the liquidation of political opponents during his bloc in parliament, where he has managed in the last period of the dismissal of a number of ministers and officials in the government as a kind of revenge for the lack of support for the third term of the former Prime Minister, Vice President of the Republic the current Nouri al-Maliki, and the latest was the governor of Baghdad, Ali al-Tamimi, who formed his dismissal pivotal point in Shiite conflict within the House…
Adam Montana (Dinar Guru) – [adding to the previous question… what three 0 notes do you think they will want to take out of circulation? Do you think there is any chance they will not be taking the 5,000 note out of circulation?] My guess would be that the first to go will be the 25,000 and 10,000. Followed within 6 months (at most) by all the rest, to be replaced with the new issue. [post 2 of 2]
______________________________________________________________
Adam Montana (Dinar Guru) – [When they revalue it, no matter what number it goes to…Let’s say it’s .10 cents hypothetically. I think everyone pretty much agrees it will still rise from there. If that’s true, will they announce to the dinar holders that there is a certain amount of time to exchange yours? Or will that time limit be a mystery to everyone?] I do agree that it will rise, especially if they start it at $0.10…that said, it’s impossible to pinpoint which notes they will call in first, or how long they will allow the “old” notes to remain in circulation. Other countries that have re-denominated have used 90 days. I think it’s reasonable to think we can expect that much time, but there is no guarantee on that. [post 1 of 2….stay tuned]
______________________________________________________________
BGG (Dinar Guru) – Article: “Warnings of severe deterioration of the dinar after the appetite for dollar” This is an OP ED piece…Opinion of writer only…no guarantee of veracity… the big take-away for me was – the author points out a few things that are HISTORICALLY accurate – then says – IN ESSENCE, you can fix it all with currency reform. Quote: “…in addition to that some of the citizens and the owners of the money prefer the dollar for the dinar for easy transfer and retention of the fact that the money supply will be less, and that’s what we confirm it previously necessity currency project to delete the zeros of the three of the currency, which he can solve a lot of problems…” “...CAN – SOLVE – A – LOT – OF – PROBLEMS…” BOOM!
______________________________________________________________
IS leader Baghdadi abandons Mosul fight to field commanders, U.S. and Iraqi sources say
By Isabel Coles, John Walcott and Maher Chmaytelli | MOSUL, IRAQ/WASHINGTON
U.S. and Iraqi officials believe the leader of Islamic State, Abu Bakr al-Baghdadi, has left operational commanders behind with diehard followers to fight the battle of Mosul, and is now hiding out in the desert, focussing mainly on his own survival…
Loop (Dinar Guru) – “REACT controls on the main court of the organization and the Central Bank branch in Mosul” THEY RETAKE THE MOSUL BRANCH OF THE CBI AND THEY ARE READY TO ASSESS THE DAMAGES SO THEY CAN REPAIR IT AND OPEN THE DOORS.
______________________________________________________________
tlm724 (Dinar Guru) – Article: “Adviser at the Central Bank of Iraq overcome the financial crisis and will become the country’s foreign investment” Things are progressing nicely for Iraq. Stability is close at hand! IMO the currency reform is on the horizon. The CBI keeps on keeping on, making the needed adjustment to policy to make things right to go forward.
______________________________________________________________
Shredd (Dinar Guru) – Article: “Central Bank: the financial crisis behind us and the next few days are promising” Quote: “Iraq will become a country of foreign investment as a result of competing foreign international companies to invest in the reconstruction after the devastating cities recovered from Daesh.” This is a great reminder of the wealth Iraq has and the interest from foreign investment. “Iraq will become a country of foreign investment” — that is for sure and as note, that will become a huge part in the rebuilding of the country. In this same period of time, the stability that is sought by the CBI for their currency reform can then move forward. …this is not an “If” but a “When” regarding the legal tender, globally accepted dinar to become the primarily used currency of Iraq.The immense amount of progress in the banking and investment laws, the protections for investors, the banking customer vetting via KYC, the project to remove the zeros and so many more accomplishments all still stand. None of the progress the CBI and the GOI have made to mature from their past dictatorship have been repealed. Progress has been and continues to be forward.
______________________________________________________________
Islandg1211 (Dinar Guru) – Many of us were hoping that Trump would speed up the RV. He may not have done that, but rest assure he isn’t going to let it be delayed. He’s put pressure on getting rid of ISIS both in Mosul and in Raqqa. The RV needs, IMO, in this order: 1) Mosul (and then Raqqa) 2) National Reconciliation Law 3) Day of Celebration for getting rid of ISIS and coming together politically 4) HCL 5) RV with no announcement nor fanfare. Trump certainly could try to push a settlement politically quicker and get the RV done sooner. But, for right now, it looks to me like my prediction of mid-summer with my list of things getting done prior still stands. In January, I posted these same thoughts, and I don’t see anything new to amend my opinion on the RV date of mid-summer with a rate just above the USD, around $1.13 (the high end of the original Ernst and Young appraisal of the Dinar.)
______________________________________________________________
Kaperoni (Dinar Guru) – Article: “Central: financial sector management electronically end of 2017” Currency reform should start well before end of year IMO.
______________________________________________________________
MadDScout (Dinar Guru) – Article quote: “The local market has seen a marked decline in the dollar against the Iraqi dinar and by five thousand dinars to the category of $ 100.” “marked decline by five thousand dinars to the category of $ 100.” …what we are seeing is the measures by CBI recently put in place to bring the dinar street rate in line with the cbi rate even against a strong dollar. Today they received 30 billion in loan assistance…18 from imf and 12 from Great Britian.
______________________________________________________________
revbo (Dinar Guru) – Article: “Iraq forces advance into Mosul city” …the news is everywhere, this morning, that ISF has taken the second bridge, so they have at least secured the small district just to the west of the river, where the second bridge is, which gives them direct access to Old Mosul.
______________________________________________________________
Central bank: Iraq overcome the financial crisis and the coming days bode well
The Central Bank of Iraq adviser Walid Idi, that Iraq exceeded the financial crisis, pointing out that the coming days bode well.
He Idi said in a statement that the crisis austerity and fiscal deficit as a result of lower oil prices in the last period has ended, adding that, Iraq will become a country of foreign investment as a result of competing foreign international companies to invest in the reconstruction of liberated cities, and pointed Idi that the entry of foreign Iraq’s companies reflect a positive outlook It will contribute to attracting major countries to rebuild the liberated areas and the holding of joint agreements for investment as well as trade exchange and activate tourism and oil industry.
Loop (Dinar Guru) – to follow this comment up – the very next day they same thing happened again. The street rate for the Dinar got another 3k per 100 USD stronger… looking more and more like a trend. Monetary policy (in the real world) is tightening up…and I point this out because…the culmination of what we are wanting to see is being forecast by numerous other, smaller moves – this being one of them. Corruption, International agreement, financial mgmt procedures getting better, security and stability. All happening now.
______________________________________________________________
BGG (Dinar Guru) – Article: “Central bank: Iraq overcome the financial crisis and the coming days bode well” Quote: “…Iraq will become a country of foreign investment as a result of competing foreign international companies to invest in the reconstruction of liberated cities…” None of this can happen…without a serious shift in economic and currency policy. Just can’t happen. They are back to “forecasting” as they were in late 2016…this time – the timeline isn’t months or a part of the year…but it’s “days” in their own words…NOT weeks, months or years.
______________________________________________________________
Kaperoni (Dinar Guru) – Article: “Central: financial sector management electronically end of 2017” Quote: “...the current year will see in the fourth quarter sophisticated financially important is linking the banking sector…” This is a huge article! It appears to me that they are stating that this year they expect to open the banking system to the world. That freedom of movement and international transactions will begin. This to me, appears to be confirmation that during 2017 we will see the beginning of currency reform.
______________________________________________________________
Revbo (Dinar Guru) – Article: “Central Bank: the financial crisis behind us and the next few days are promising” Sounds like they want to get things moving pretty quickly after Mosul is over, and nobody’s coming in if they can’t get their money out.
______________________________________________________________
Phillyman (Dinar Guru) – Articles: “Iraqi command says a few meters close from Mosul government complex” “Iraqi forces control most of 2 western Mosul districts, pound Tal Afar” “Iraqi forces launch fresh push in western Mosul battle” “Iraqi forces near government buildings in Mosul as fight against ISIS continues” Obviously the timing of the Mosul operation being complete is all over the place but I wanted to put this quote from the first article here in case you missed it. This is the opinion of a Lt. General, Federal Police Chief: “He said the troops have become a few meters away from the government complex, adding that retaking that area could mean “a 80 percent strategic and moral victory in western Mosul battles”.
______________________________________________________________
Adam Montana (Dinar Guru) – I mentioned in my weekly…update that I’m getting a bit giddy right now. There’s a good reason for it! We are at a tipping point, and this is going to either make us some money, or we’re going to be walking away soon. Either way, I think all of us will be happy. Either we make out like bandits or we just say “we enjoyed the ride”, right?! Based on what I’m hearing from my people, I am leaning toward the bright side of it.
______________________________________________________________
Loop (Dinar Guru) – Quote: Article quote: “The local market has seen a marked decline in the dollar against the Iraqi dinar and by five thousand dinars to the category of $ 100.” marked decline by five thousand dinars to the category of $ 100. That is all it is saying.Not that the exchange rate 5000 dinar to 100 dollars. This is right in line with the CBI’s statement made on Wednesday. [so what does that mean…?] It means that the CBI has put a system into place that allows them…control of the stability of the dinar in the market place. This systems removes the middlemen and gives them end to end transparency for all transactions. This is exactly what the IMF wants them to do. Very important move on their part.
______________________________________________________________
Vision that the economic recovery in the post-Iraqi dinar
Economy News / Baghdad … The CBI has issued a press statement in which he explained that the slight decline in the dollar against the Aldenarabraghi it causes Alryise PROCEDURES AND ORGANIZATIONAL new used to regulate the sale of Currency window and curtail the role of middlemen and speculators as well as the commitment of the private banks and their cooperation with the Central Bank of cushions and the role played by the Association of Banks He urged the Iraqi special departments of banks on the need to support the orientations of the central bank at the service of the national economy and harnessing the potential of the private banks in the central purpose of which is to work on the recovery of the Iraqi dinar and raise its value and cash Acharayah against the dollar…
tman23 (Dinar Guru) – “Kurdistan region,— Masoud Barzani said the Iraqi Kurdistan Parliament and presidential elections will be held in September this year.” “There will be two elections in September: parliament and presidential,” Barzani said during an interview …I won’t be a candidate myself.” WHY IS THIS A FACTOR? TWO VERY POSITIVE SIGNS WITH ONE GLOWING IN NEON! AUGUST 2013 BARZANI CAME SPOKE OUT ON THE DINAR AND THE MENACING 3 ZEROS AND SAID HE WAS NOT LEAVING UNTIL THEY WERE LIFTED AND KURDISTAN COULD OPEN ITS ECONOMY…HE ALSO SAID HE WAS NOT LEAVING UNTIL KURDISTAN HAD ITS STATEHOOD…THE OPENING OF A FREE MARKET LEADS TO INDEPENDENCE…TOO MUCH GOING DOWN NOT TO THINK AGREEMENTS ARE READY TO SIGNED…NOT YOUR USUAL MEET FOR NATIONAL RECONCILIATION DISCUSSIONS OF THE PAST…i BELIEVE THEY MEET TO ANNOUNCE…AND SIGN…NOT NEGOTIATE!
______________________________________________________________
BGG (Dinar Guru) – Article: “Parliamentary Finance’s “approach” to postpone the project to delete the zeros until further notice” Quote: “…Finance Committee in the House of Representatives announced the postponement of the project to delete the zeros that was planned years ago to apply until further notice.” …that almost has the “smack” of her pointing out that this WAS PLANNED – then POSTPONED until further notice. Which is…accurate…they aren’t saying further notice isn’t tomorrow, next week or next month either. Why would they be “rehashing” a decision that was put off back in 2012 – right now? Over a concept that is DIRECTLY germane to their forward economic progress. In fact…it is a little weird this is coming out now – right near the end of Mosul… or in this “first part of 2017 timeframe” – why now? I think it’s obvious.
______________________________________________________________
Adam Montana (Dinar Guru) – …I have a couple of rumors that I’m holding onto. I had hoped to have a better confirmation on them before posting this… I do not have what I need in order to release it, so I’m sticking with my
original guesstimate of the rate. When I think about it, I hope I’m wrong and y’all are riding with me to a much higher rate! You don’t want to see $3.14 any more than I do! But I’m a realist, and that guides my logic on matters like this…Let’s move forward a few steps and talk about a ReValued dinar. I agree that a lower rate than the Kuwaiti Dinar will be a blow to the ego’s of the Iraqis. I agree that it should be on par with the USD, or even higher. I agree that the rate WILL get there… eventually. I believe that Iraq can sustain a very stable currency at a rate of $3 or higher, but I don’t think they will immediately jump to that rate even if they ultimately desire it to be so.
______________________________________________________________
Iraqi former PM Nouri al-Maliki’s wealth is estimated at $40 billion, informed sources told The Baghdad Post on Thursday.
The sources revealed the 67-year-old has made his wealth through manipulating the Iraqi Central Bank’s accounts as well as his suspicious projects inside and outside Iraq.
They also confirmed he took over the 2014 state budget without releasing concluding statements….
BGG (Dinar Guru) – Quote: “…Based on the preliminary findings of this mission, staff will prepare a report that, subject to management approval, will be presented to the IMF’s Executive Board for discussion and decision…” exactly what decisions do the IMF executive board have to make coming up? I mean – they only deal with one thing. INTERNATIONAL MONETARY FUND. […can the CBI make a move before the DC meetings?] the CBI can do whatever they want…if the IMF doesn’t give their blessing who are they gonna’ sell their currency to? without international acceptance – there is no market. [post 2 of 2]
______________________________________________________________
BGG (Dinar Guru) – Quote: “The Iraqi authorities and IMF staff started discussions on the second review of the SBA. These discussions will continue during the upcoming IMF and World Bank Spring Meetings from April 21–23, 2017 in Washington, DC.” This is saying these finalization talks were already started…and will resume – (at the latest) in D.C. Quote: “During the visit, the team met with the Acting Minister of Finance Prof. Abdulrazzaq A. Jaleel Essa, Acting Governor of the Central Bank of Iraq (CBI), Dr. Ali Mohsen Ismail Al-Allaq, the Financial Adviser to the Prime Minister Dr. Mudher Saleh, and officials from the ministries of finance, oil, planning, the State Oil Marketing Organization, the Central Statistical Office, the Central Bank of Iraq, and representatives from the Kurdistan Regional Government, and the Board of Supreme Audit. The team would like to thank the Iraqi authorities for their cooperation and the open and productive discussions.”Mohammed Saleh…he’s been in these big IMF “shindig” meetings from the 5th to the 17th… he’s excited. [post 1 of 2….stay tuned]
_____________________________________________________________
Kaperoni (Dinar Guru) – Article: “Detection 3 “goals” Abadi seeks to achieve” Quote: “…three goals of Prime Minister Haider al-Abadi seeks to achieve with major countries (Germany, Britain, America), as he emphasized the lack of plans for more “lending”, attributing the reason to determine Iraq certain doors by donor countries…” To me, this says they better get to work..and soon… “there are no plans for further lending”.
_____________________________________________________________
Follow us on twitter @DinarUpdates !!
Dinar Updates – “NEWS TIME” w/BGG & Company – Mar 19th 6:30pm CST – In the DU CHAT Room!!
Revbo (Dinar Guru) – “Statement at the End of an IMF Mission on Iraq” Quote: “…repair the banking sector are needed to support private sector-led growth and diversification of the economy once post- ISIS reconstruction is underway.” [I really believe we will see currency reform begin soon after the country is rid of ISIL since it is so important to the success of a private sector/market economy.] If they don’t turn it loose shortly after Mosul is liberated, they will be wasting a golden opportunity and a ton of momentum for a growing economy and national reconciliation.
_____________________________________________________________
Kaperoni (Dinar Guru) – “Statement at the End of an IMF Mission on Iraq” Quote: “…repair the banking sector are needed to support private sector-led growth and diversification of the economy once post- ISIS reconstruction is underway.” I really believe we will see currency reform begin soon after the country is rid of ISIL since it is so important to the success of a private sector/market economy.
_____________________________________________________________
Revbo (Dinar Guru) – I don’t know if this means anything, but yesterday was the first time I’ve ever seen no street rate posted on the CBI’s auction page.
______________________________________________________________
1bobby (Dinar Guru) – It’s amazing how far the Banking Industry has come and continues to go… Article: “Insurance Association of Economics News: start with insurance on ATMs for banks” So why would they want to insure an ATM in such an unstable environment? Some have asked “Does this mean the LD’s are ready to roll out?” Not necessarily, but it does indicate they are willing to get them out of the banks and airports and put them into the streets at some point. I loved the quote “Never make such insureance in Iraq, which would provide service to citizens through larger deployment of ATM in the markets and public places and cultural phenomenon which is developed to serve the economy“.
_____________________________________________________________
Loop (Dinar Guru) – Article: “Alheims: the government was forced to borrow because of the external costs of the war effort Banks” Quote: “…he pointed to the achievement of the proportion of the profits of the bank increased by 300%, confirmed go half to the Treasury the public.” TBI increased it’s profits by 300%! It’s amazing how profits soar when people are not stealing the money! This little article speaks volumes on how effective the monitoring of the banking system is. A 300% increase in profits under normal economic conditions is beyond huge. Folks Iraq is at war and the TBI saw a 300% increase in profits. That is simply unheard of.
_____________________________________________________________
BGG (Dinar Guru) – Here’s a weird tidbit – just happened this AM …they changed the way they list the currency auctions – this AM…no rate – they took out the 1182 part. NADA. MIA.
______________________________________________________________
1) Be sure you have actually joined and are a member. A while back we switched servers. When we did – the room may look the same but everything started over from scratch.
2) if you are using Google Chrome you might need to do this:
Click on the menu in the upper right hand corner of Chrome…
then go down to “Settings” > “show Advanced settings” (at the very bottom) > Then to the “Content settings” button > then click “Allow sites to run Flash” – should be good to go.
This is some recent update to Chrome – nothing we did.
3) in that same area I had to go to the Pop-ups box (right below the one above) and check the box to allow pop-ups. If you only want to allow pop-ups on the chat room, you can. There is a dialog box right below where you can add the Dinar Updates Chat Room web address to the box – it will allow the Chat Room to “pop-up”…
Blocked pop-ups is a big reason there are chat room error. You might have to all an exception – for instance, on Firefox.
Hope this helps.
All of the above applies to Desk top/Lap top access only.
If you would like to access the Chat Room via a Smart Phone:
We have recently installed the Mobile plug-in so the Chat Room is Mobile access ready
However, you will need a flash player compatible browser. The recommended browser is Puffin (free version) – you can download it from the Google Play Store in about 2 minutes.
It is a very fast browser – Easy to use. My new favorite mobile browser. I just took Chrome off my Mobile Home Screens – it’s not even close.
We have also added several big, easy to find Mobile Chat Links to the site at the top of the Forum athttp://www.DinarUpdates.com
BGG (Dinar Guru) – Article: “(Reuters) Iraqi Prime Minister Haider al-Abadi said the government offensive to recapture the city of Mosul from Islamic State militants was in its final stages.” Mosul moving to an end soon. Boom. [Whats your thoughts…that an rv happen could happen before april or during april. Being info. out of Iraq is usually already happened so mosul prob closer to done sooner than later!] Not sure – but I’m very excited I’m still in this thing!!
______________________________________________________________
BGG (Dinar Guru) – Article: “(Reuters) Iraqi Prime Minister Haider al-Abadi said the government offensive to recapture the city of Mosul from Islamic State militants was in its final stages.” Mosul moving to an end soon. Boom. [Whats your thoughts…that an rv happen could happen before april or during april. Being info. out of Iraq is usually already happened so mosul prob closer to done sooner than later!] Not sure – but I’m very excited I’m still in this thing!!
______________________________________________________________
Kaperoni (Dinar Guru) – Article: “Saleh: Iraq is still within safe levels for loans” Quote: “…Iraq is not going to borrow the next budgets but on the contrary will be able to start paying the current loan incurred by him” Better get that market economy going and open the banking system if that is the plan.
______________________________________________________________
Regarding the D.U.C.E. List e-mails –
If you are not receiving D.U.C.E. messages, it’s possible the receiving mail server is blocking or filtering the message before it’s delivered to your inbox. One solution is to whitelist our domain and IP ranges so that the server will allow messages through the block.
Below is our whitelisting information. You’ll want to provide this information to your IT or website administrator and they can add it to the mail server so that future messages are delivered to your inbox… or add this info to your e-mail profile.
DinarUpdates.com Domains: From domain – mail.vresp.com Bounce domain – cts.vresp.com
DinarUpdates.com IP ranges: 74.116.89.0/24 74.116.91.0/24 63.251.246.0/24
Loop (Dinar Guru) –Article: “TBI launches new producer certificate of deposit” Quote: “He added that this certificate has launched with the approval and blessing of the Iraqi Central Bank and is guaranteed payment at the moment of the citizen request to withdraw amounts.” This is beyond huge IMO. In the past this is the main complaint that the citizens have had. This is saying that if you deposit your money with us and invest it into these CD you are guaranteed to be able to access your funds when you need to. Getting the citizens to deposit their money into the banks is a critical component of moving to a free market economy. When the banks have liquidity they can loan the money needed to fuel the private sector, which will lead to explosive economic growth the likes that we have not seeing in our lifetime… IMO.
______________________________________________________________
Loop (Dinar Guru) – Article quote: “today we move from a centralized economy to a market economy” Who is saying this? Dr. Mohammed Saleh economic advisor to Prime Minister al – Abadi! BOOM! …moving to a true market economy would have to include an internationally recognized currency. Market Economy = Free Market Economy. There are currently 180 countries that are ranked from Free to Restricted. Iraq is not listed. Of the 180 list countries how many of them have a currency that is internationally recognized? All of them. So do you think it is reasonable to theorize that given Saleh’s quote “today we move from a centralized economy to a market economy” that with Iraq’s move to some form of a market economy that the IQD will have to be internationally recognized as well? I DO!
______________________________________________________________
BGG (Dinar Guru) –These days – throw a rock in any direction and you hit a STUNNING NEWS PIECE. “They” have pretty much showed us the outline…and it’s being worked out now. Let’s hope they get the reform projects started soon. Because the beginning of the Iraq currency reform is when your life changes.
______________________________________________________________
The Dinar Round Table Call!! “with the whole DU Crew” from Tues nite – Mar 14th Click-N-Listen!!
Kaperoni (Dinar Guru) – Article: “Zain launches Cash trading platform to stimulate entrepreneurs Iraqis to turn their ideas into innovative reality“Iraq is going from the stone age to the state of the art very quickly. This is important for sure an they move away from a closed banking system to one that engages with the global financial system. IMO, this will support and encourage the rapid growth of a private sector/market economy.
______________________________________________________________
BGG (Dinar Guru) – [Why would it be logical for Iraq’s RVed rate to come out lower than Kuwait’s current rate when Iraq has so much more oil (and other resources) thank does Kuwait?] Logical – except oil resources and prices have zero to do with currency valuation – according to the IMF… Further – since the very definition of “currency” is a “promissary note” on the economy of a country. Truthfully – it’s going to be what the world – ie, IMF, UN, WB wants it to be…since…each currency is limited by boundaries of acceptance. In Iraq’s case – it is not internationally traded and therefore not accepted. …is this on the horizon – it sure looks promising… however, Iraq could “price” their currency at whatever they want… without international acceptance and support – who would buy it?
______________________________________________________________
BGG (Dinar Guru) – Articles: “Mosul .. Iraqi forces predict the ‘big wins’ within hours” “Mosul war will end very soon .. and Abadi called on Iraqis in Germany to return to their homeland” “Jubouri Macgork: Today suitable conditions for a comprehensive national reconciliation” So there are a few juicy headlines… I am still amazed at everything going on over there – and people still (as late as last nite) e-mail me boo hooing about how it hasn’t happened yet. I just comment on it – the mass of incredible news is just stunning. Iraq is moving forward with great speed. [We haven’t had any formal news from the CBI over the last few weeks about the delete the zeroes program, are you still of the impression that they are going to go ahead once Mosul is finished?] I can only go by their most recent commentary – all looks good from what they have said. Once this security “check box” is filled – we’ll have to see what they do.
______________________________________________________________
Economic Adviser to the Prime Minister: any country linked to terrorism must be written off debts and in 2022 we will be the biggest payment
BAGHDAD / tomorrow Press: After Greece ‘s financial crisis and what is passing through Jordan today ‘s economic crises feel the Iraqi people who have multiplied and multiplied his government loans scared, Dr. appearance of Mohammed Saleh economic advisor to Prime Minister al – Abadi spoke about the Iraqi debt in detail in this dialogue, and pointed to the accumulation of past debt and current debt, benefits and how to repaid warning in 2022 , which will be the largest payment , according to his description…
Phillyman (Dinar Guru) – I’m hoping that behind the scenes there is alot going on that we are clueless about to keep Iraq going in the right direction.It is hard to imagine that so many countries would pour so many resources into Iraq without being pretty certain of it paying off.
______________________________________________________________
tman23 (Dinar Guru) – Post Mosul…What does the Iraqi government have to offer the citizen? What immediate services can the GOI provide? IMO…THE HEADS OF IRAQ MUST DAZZLE THEIR PEOPLE WITH SOMETHING MORE THAN TALK ABOUT A GREAT FUTURE…IT’S TANGIBLE TIME, SOMETHING THEY CAN PUT THEIR HANDS ON… Abadi promised them all a raise retro active back a full year when he became the PM…Never knew where the $$$ was coming from then… The people do not believe in their government or their country. IMF says on their website that a countries currency can have a major psychological affect on it’s citizens…We shall see !!
______________________________________________________________
tman23 (Dinar Guru) – Article quote: “WASHINGTON,— U.S. Secretary of State Rex Tillerson met with Iraqi Oil Minister Jabbar al-Luaibi at the State Department on Friday.” SOME SERIOUS PLANNING GOING ON...OIL MAN TILLERSON MEETING WITH Al-Luaibi…THE CALL FOR ABADI TO GET TO WASHINGTON AHEAD OF SCHEDULED DATE…IMF MEETING TAKING PLACE WITH IRAQ…THEY HAVE A PLAN ROLLING OUT…LETS JUST HOPE IT INCLUDES US AND 3 ZEROS.
______________________________________________________________
Enorrste (Dinar Guru) – It is natural for those of us who have been in this game a long time (over 10 years for me) to get frustrated now and then. I am confident that we will make a significant profit within a reasonable period of time. I am 68, so that “reasonable period” isn’t that long!
______________________________________________________________
tman23 (Dinar Guru) – Post Mosul…What does the Iraqi government have to offer the citizen? What immediate services can the GOI provide? IMO…THE HEADS OF IRAQ MUST DAZZLE THEIR PEOPLE WITH SOMETHING MORE THAN TALK ABOUT A GREAT FUTURE…IT’S TANGIBLE TIME, SOMETHING THEY CAN PUT THEIR HANDS ON… Abadi promised them all a raise retro active back a full year when he became the PM…Never knew where the $$$ was coming from then… The people do not believe in their government or their country. IMF says on their website that a countries currency can have a major pyscological affect on it’s citizens…We shall see !!
______________________________________________________________
Mosul .. Iraqi forces predict the ‘big wins’ within hours
Spokesman for the Iraqi joint operations Yahya said Messenger Saturday that “the coming hours” could see a “great victories” of Iraqi forces on Daesh fighters in Mosul, pointing out that the liberalization of the west coast of the entire city is near…
BGG (Dinar Guru) – Anyone recall how many days it’s been since the CBI website went without updating the daily rate? [They went from January 4th up until a couple days ago, so like 45 business days or so.] Kinda’ weird how they just started updating the CBI website again – after something over 45 days? Wow? No change in status – of course…just really weird.
______________________________________________________________
tman23 (Dinar Guru) – HOLD ON TO YOUR SEAT… “WASHINGTON,— U.S. Secretary of State Rex Tillerson met with Iraqi Oil Minister Jabbar al-Luaibi at the State Department on Friday. Al-Luaibi did not comment on questions from reporters about U.S. oil investment in Iraq.” “Mr. Minister, are there plans to expand U.S. oil investment in Iraq?” one reporter asked. Tillerson extended a handshake to the minister and said, “welcome.” Reporters were then quickly escorted from the room.” AND THEN… “Iraqi Prime Minister Haider al-Abadi has expressed a willingness to make a visit to Washington ahead of an earlier date, which had been set for the week of March 19...” KABOOM! The reschedule comes at the request of the White House…ABADI GOING TO WASHINGTON EARLIER THAN SCHEDULED.
______________________________________________________________
Kaperoni (Dinar Guru) – Article: “Central: financial sector management electronically end of 2017” …one of the reasons the dinar will rise gradually is that the CBI can profit as it rises.The buy/sell of the dinar creates commissions. It is those commissions that will replace the revenue the CBI seeks when it ends the daily auctions.
______________________________________________________________
MadDScout (Dinar Guru) – [...if the budget is starting to be opened, will they be opening it with the new rate?] Rate is something subject to conditions needing to be met not something already in the budget.
______________________________________________________________
Kaperoni (Dinar Guru) – Article: “The appearance of Mohammed Saleh: the central bank has a big role to emerge from the financial crisis for the country” There is no private sector without opening the banking system to the world. Simple as that.
______________________________________________________________
BGG (Dinar Guru) –[how is investment?] The investment is doing just fine – glad to be in it. No need for “secret intel” sources. This is getting good. Alak (that would be the Gov of the CBI) and Abadi (that would be the Prime Minister of Iraq) were both “forecasting” the start of economic and financial reform as soon as ISIS was defeated in Mosul – they were believing this would have happened in Jan – Feb…BUT… their optimism is still real – “first part of 2017” is still accurate – this appears to be a foregone conclusion, ISIS gone – MR started. So – we’re good…and appears to be happening as we speak...
______________________________________________________________
Mohammed Saleh: The central bank has a big role to emerge from the financial crisis for the country
Economy News / Baghdad … Set up the House of Wisdom Department of Economic Studies panel scientific symposium, Thursday, on the implementation of private sector development in Iraq strategy requirements (2014 2030)
The seminar was attended by Dr. appearance of Mohammed Saleh financial advisor to the prime minister and professor Samir Nasiri, an economist and banking and a number of economists and bankers*
And Dr. appearance of Mohammed Saleh during the symposium on how strategic economic implement and apply them to the ground adding that the private sector is the backbone of the Iraqi economy and millions of citizens working within the private sector, calling out the importance of getting rid of the market gap through public sector cooperation and private in order to create a large market…
Enorrste (Dinar Guru) –The result, of course, will be an enormous upward pressure on the value of the dinar as new investment money comes into the country. You can rest assured that most of the “Fortune 500” companies in America, not to mention others around the world, will want to “stake their claim” in this market as soon as the proper conditions permit. That time frame has been given in this article: sometime in the fourth quarter of this year. I expect the float to begin late in the third quarter or early in the fourth quarter. I expect the money supply to fall with the rise in value of the dinar. Then I expect a cascading effect as more and more new money floods into Iraq for investment, thus putting even more upward pressure on the dinar value. Within two or three years we should see a world reserve currency emerge and be poised to take our profits. [post 3 of 3]
______________________________________________________________
Enorrste (Dinar Guru) – The next phrase that struck me is “the adoption of advanced banking technologies adopted by the biggest banks in the world.” This phrase emphasizes…that this article is clearly stating that Iraq will be opening the dinar to the world market by the end of this year. Following along with that…is that this will only happen if they also float the currency. This is where our investment will begin to pay off for us all. …this will have to be at least initiated prior to the end of this year. It is a process that will take some time to implement. It will be imperative that the CBI get the money out of the mattresses before allowing the value to rise too high in order to avoid serious inflation. This brings me to the last great phrase. That phrase is “the entry of active cooperation with the world’s largest companies.” Once this new high-tech banking system is in place we will see the “Wild West” that KAP [Guru Kaperoni] and I have described many times over the years begin to occur. Investors all over the world, and in particular “the world’s largest companies,” will leap at the chance to enter into this essentially untapped market. The guarantees (insurance) and electronic security provided by a state-of-the-art banking system akin to that used by the most advanced countries in the world will be a huge magnet for these mega-companies to get their feet wet in the Iraqi market. [post 2 of 3….stay tuned]
______________________________________________________________
Enorrste (Dinar Guru) – Article: “Central: financial sector management electronically end of 2017” There are four phrases in this article that got me excited…The first is the phrase “in the best world systems.” What this means is that the IMF is bypassing older and more traditional methods of change and are instead moving Iraq to the “front of the line” in terms of technological development. This is consistent with Saleh’s statement made years ago that the dinar would become a “world reserve currency.” When your banking system is among the world’s best that means that you are poised to move directly into the world foreign currency exchange market. But the next phrase is where Saleh’s statement about the dinar become a world reserve currency gains some credence. That phrase is “helps to pull the money supply of homes to the banking sector.” We have read over the years that this is a major concern, namely, how do we get people in Iraq to pull their dinars out of their mattresses and put them into the banking system? It seems evident from this phrase that this is intended to do just that. Now, the connection to Saleh’s prediction about the dinar becoming a world reserve currency is that as these dinars come out of the mattresses and into the banks they can be destroyed by the CBI, thus lowering the overall money supply, allowing the value of the dinar to rise. The rising value of the dinar, given their high relative reserve position, will ensure that the dinar will become one of the strongest currencies in the world. [post 1 of 3….stay tuned]
______________________________________________________________
Maliki afraid of his trial and the inauguration of the new governor of the capital to fuel the conflict between him and the Sadrists
Raged differences within the National Alliance, a Shiite ruler, after the dismissal of the former Baghdad Governor Ali al-Tamimi and the election Atwan Atwani substitute, where the former governor Ali al-Tamimi belongs to the Sadrist movement block free, while the new governor belongs to the bloc coalition of state law, led by Nuri al-Maliki, who began the liquidation of political opponents during his bloc in parliament, where he has managed in the last period of the dismissal of a number of ministers and officials in the government as a kind of revenge for the lack of support for the third term of the former Prime Minister, Vice President of the Republic the current Nouri al-Maliki, and the latest was the governor of Baghdad, Ali al-Tamimi, who formed his dismissal pivotal point in Shiite conflict within the House…
Adam Montana (Dinar Guru) – [adding to the previous question… what three 0 notes do you think they will want to take out of circulation? Do you think there is any chance they will not be taking the 5,000 note out of circulation?] My guess would be that the first to go will be the 25,000 and 10,000. Followed within 6 months (at most) by all the rest, to be replaced with the new issue. [post 2 of 2]
______________________________________________________________
Adam Montana (Dinar Guru) – [When they revalue it, no matter what number it goes to…Let’s say it’s .10 cents hypothetically. I think everyone pretty much agrees it will still rise from there. If that’s true, will they announce to the dinar holders that there is a certain amount of time to exchange yours? Or will that time limit be a mystery to everyone?] I do agree that it will rise, especially if they start it at $0.10…that said, it’s impossible to pinpoint which notes they will call in first, or how long they will allow the “old” notes to remain in circulation. Other countries that have re-denominated have used 90 days. I think it’s reasonable to think we can expect that much time, but there is no guarantee on that. [post 1 of 2….stay tuned]
______________________________________________________________
BGG (Dinar Guru) – Article: “Warnings of severe deterioration of the dinar after the appetite for dollar” This is an OP ED piece…Opinion of writer only…no guarantee of veracity… the big take-away for me was – the author points out a few things that are HISTORICALLY accurate – then says – IN ESSENCE, you can fix it all with currency reform. Quote: “…in addition to that some of the citizens and the owners of the money prefer the dollar for the dinar for easy transfer and retention of the fact that the money supply will be less, and that’s what we confirm it previously necessity currency project to delete the zeros of the three of the currency, which he can solve a lot of problems…” “...CAN – SOLVE – A – LOT – OF – PROBLEMS…” BOOM!
______________________________________________________________
IS leader Baghdadi abandons Mosul fight to field commanders, U.S. and Iraqi sources say
By Isabel Coles, John Walcott and Maher Chmaytelli | MOSUL, IRAQ/WASHINGTON
U.S. and Iraqi officials believe the leader of Islamic State, Abu Bakr al-Baghdadi, has left operational commanders behind with diehard followers to fight the battle of Mosul, and is now hiding out in the desert, focussing mainly on his own survival…
Loop (Dinar Guru) – “REACT controls on the main court of the organization and the Central Bank branch in Mosul” THEY RETAKE THE MOSUL BRANCH OF THE CBI AND THEY ARE READY TO ASSESS THE DAMAGES SO THEY CAN REPAIR IT AND OPEN THE DOORS.
______________________________________________________________
tlm724 (Dinar Guru) – Article: “Adviser at the Central Bank of Iraq overcome the financial crisis and will become the country’s foreign investment” Things are progressing nicely for Iraq. Stability is close at hand! IMO the currency reform is on the horizon. The CBI keeps on keeping on, making the needed adjustment to policy to make things right to go forward.
______________________________________________________________
Shredd (Dinar Guru) – Article: “Central Bank: the financial crisis behind us and the next few days are promising” Quote: “Iraq will become a country of foreign investment as a result of competing foreign international companies to invest in the reconstruction after the devastating cities recovered from Daesh.” This is a great reminder of the wealth Iraq has and the interest from foreign investment. “Iraq will become a country of foreign investment” — that is for sure and as note, that will become a huge part in the rebuilding of the country. In this same period of time, the stability that is sought by the CBI for their currency reform can then move forward. …this is not an “If” but a “When” regarding the legal tender, globally accepted dinar to become the primarily used currency of Iraq.The immense amount of progress in the banking and investment laws, the protections for investors, the banking customer vetting via KYC, the project to remove the zeros and so many more accomplishments all still stand. None of the progress the CBI and the GOI have made to mature from their past dictatorship have been repealed. Progress has been and continues to be forward.
______________________________________________________________
Islandg1211 (Dinar Guru) – Many of us were hoping that Trump would speed up the RV. He may not have done that, but rest assure he isn’t going to let it be delayed. He’s put pressure on getting rid of ISIS both in Mosul and in Raqqa. The RV needs, IMO, in this order: 1) Mosul (and then Raqqa) 2) National Reconciliation Law 3) Day of Celebration for getting rid of ISIS and coming together politically 4) HCL 5) RV with no announcement nor fanfare. Trump certainly could try to push a settlement politically quicker and get the RV done sooner. But, for right now, it looks to me like my prediction of mid-summer with my list of things getting done prior still stands. In January, I posted these same thoughts, and I don’t see anything new to amend my opinion on the RV date of mid-summer with a rate just above the USD, around $1.13 (the high end of the original Ernst and Young appraisal of the Dinar.)
______________________________________________________________
Kaperoni (Dinar Guru) – Article: “Central: financial sector management electronically end of 2017” Currency reform should start well before end of year IMO.
______________________________________________________________
MadDScout (Dinar Guru) – Article quote: “The local market has seen a marked decline in the dollar against the Iraqi dinar and by five thousand dinars to the category of $ 100.” “marked decline by five thousand dinars to the category of $ 100.” …what we are seeing is the measures by CBI recently put in place to bring the dinar street rate in line with the cbi rate even against a strong dollar. Today they received 30 billion in loan assistance…18 from imf and 12 from Great Britian.
______________________________________________________________
revbo (Dinar Guru) – Article: “Iraq forces advance into Mosul city” …the news is everywhere, this morning, that ISF has taken the second bridge, so they have at least secured the small district just to the west of the river, where the second bridge is, which gives them direct access to Old Mosul.
______________________________________________________________
Central bank: Iraq overcome the financial crisis and the coming days bode well
The Central Bank of Iraq adviser Walid Idi, that Iraq exceeded the financial crisis, pointing out that the coming days bode well.
He Idi said in a statement that the crisis austerity and fiscal deficit as a result of lower oil prices in the last period has ended, adding that, Iraq will become a country of foreign investment as a result of competing foreign international companies to invest in the reconstruction of liberated cities, and pointed Idi that the entry of foreign Iraq’s companies reflect a positive outlook It will contribute to attracting major countries to rebuild the liberated areas and the holding of joint agreements for investment as well as trade exchange and activate tourism and oil industry.
Loop (Dinar Guru) – to follow this comment up – the very next day they same thing happened again. The street rate for the Dinar got another 3k per 100 USD stronger… looking more and more like a trend. Monetary policy (in the real world) is tightening up…and I point this out because…the culmination of what we are wanting to see is being forecast by numerous other, smaller moves – this being one of them. Corruption, International agreement, financial mgmt procedures getting better, security and stability. All happening now.
______________________________________________________________
BGG (Dinar Guru) – Article: “Central bank: Iraq overcome the financial crisis and the coming days bode well” Quote: “…Iraq will become a country of foreign investment as a result of competing foreign international companies to invest in the reconstruction of liberated cities…” None of this can happen…without a serious shift in economic and currency policy. Just can’t happen. They are back to “forecasting” as they were in late 2016…this time – the timeline isn’t months or a part of the year…but it’s “days” in their own words…NOT weeks, months or years.
______________________________________________________________
Kaperoni (Dinar Guru) – Article: “Central: financial sector management electronically end of 2017” Quote: “...the current year will see in the fourth quarter sophisticated financially important is linking the banking sector…” This is a huge article! It appears to me that they are stating that this year they expect to open the banking system to the world. That freedom of movement and international transactions will begin. This to me, appears to be confirmation that during 2017 we will see the beginning of currency reform.
______________________________________________________________
Revbo (Dinar Guru) – Article: “Central Bank: the financial crisis behind us and the next few days are promising” Sounds like they want to get things moving pretty quickly after Mosul is over, and nobody’s coming in if they can’t get their money out.
______________________________________________________________
Phillyman (Dinar Guru) – Articles: “Iraqi command says a few meters close from Mosul government complex” “Iraqi forces control most of 2 western Mosul districts, pound Tal Afar” “Iraqi forces launch fresh push in western Mosul battle” “Iraqi forces near government buildings in Mosul as fight against ISIS continues” Obviously the timing of the Mosul operation being complete is all over the place but I wanted to put this quote from the first article here in case you missed it. This is the opinion of a Lt. General, Federal Police Chief: “He said the troops have become a few meters away from the government complex, adding that retaking that area could mean “a 80 percent strategic and moral victory in western Mosul battles”.
______________________________________________________________
Adam Montana (Dinar Guru) – I mentioned in my weekly…update that I’m getting a bit giddy right now. There’s a good reason for it! We are at a tipping point, and this is going to either make us some money, or we’re going to be walking away soon. Either way, I think all of us will be happy. Either we make out like bandits or we just say “we enjoyed the ride”, right?! Based on what I’m hearing from my people, I am leaning toward the bright side of it.
______________________________________________________________
Loop (Dinar Guru) – Quote: Article quote: “The local market has seen a marked decline in the dollar against the Iraqi dinar and by five thousand dinars to the category of $ 100.” marked decline by five thousand dinars to the category of $ 100. That is all it is saying.Not that the exchange rate 5000 dinar to 100 dollars. This is right in line with the CBI’s statement made on Wednesday. [so what does that mean…?] It means that the CBI has put a system into place that allows them…control of the stability of the dinar in the market place. This systems removes the middlemen and gives them end to end transparency for all transactions. This is exactly what the IMF wants them to do. Very important move on their part.
______________________________________________________________
Vision that the economic recovery in the post-Iraqi dinar
Economy News / Baghdad … The CBI has issued a press statement in which he explained that the slight decline in the dollar against the Aldenarabraghi it causes Alryise PROCEDURES AND ORGANIZATIONAL new used to regulate the sale of Currency window and curtail the role of middlemen and speculators as well as the commitment of the private banks and their cooperation with the Central Bank of cushions and the role played by the Association of Banks He urged the Iraqi special departments of banks on the need to support the orientations of the central bank at the service of the national economy and harnessing the potential of the private banks in the central purpose of which is to work on the recovery of the Iraqi dinar and raise its value and cash Acharayah against the dollar…
tman23 (Dinar Guru) – “Kurdistan region,— Masoud Barzani said the Iraqi Kurdistan Parliament and presidential elections will be held in September this year.” “There will be two elections in September: parliament and presidential,” Barzani said during an interview …I won’t be a candidate myself.” WHY IS THIS A FACTOR? TWO VERY POSITIVE SIGNS WITH ONE GLOWING IN NEON! AUGUST 2013 BARZANI CAME SPOKE OUT ON THE DINAR AND THE MENACING 3 ZEROS AND SAID HE WAS NOT LEAVING UNTIL THEY WERE LIFTED AND KURDISTAN COULD OPEN ITS ECONOMY…HE ALSO SAID HE WAS NOT LEAVING UNTIL KURDISTAN HAD ITS STATEHOOD…THE OPENING OF A FREE MARKET LEADS TO INDEPENDENCE…TOO MUCH GOING DOWN NOT TO THINK AGREEMENTS ARE READY TO SIGNED…NOT YOUR USUAL MEET FOR NATIONAL RECONCILIATION DISCUSSIONS OF THE PAST…i BELIEVE THEY MEET TO ANNOUNCE…AND SIGN…NOT NEGOTIATE!
______________________________________________________________
BGG (Dinar Guru) – Article: “Parliamentary Finance’s “approach” to postpone the project to delete the zeros until further notice” Quote: “…Finance Committee in the House of Representatives announced the postponement of the project to delete the zeros that was planned years ago to apply until further notice.” …that almost has the “smack” of her pointing out that this WAS PLANNED – then POSTPONED until further notice. Which is…accurate…they aren’t saying further notice isn’t tomorrow, next week or next month either. Why would they be “rehashing” a decision that was put off back in 2012 – right now? Over a concept that is DIRECTLY germane to their forward economic progress. In fact…it is a little weird this is coming out now – right near the end of Mosul… or in this “first part of 2017 timeframe” – why now? I think it’s obvious.
______________________________________________________________
Adam Montana (Dinar Guru) – …I have a couple of rumors that I’m holding onto. I had hoped to have a better confirmation on them before posting this… I do not have what I need in order to release it, so I’m sticking with my
original guesstimate of the rate. When I think about it, I hope I’m wrong and y’all are riding with me to a much higher rate! You don’t want to see $3.14 any more than I do! But I’m a realist, and that guides my logic on matters like this…Let’s move forward a few steps and talk about a ReValued dinar. I agree that a lower rate than the Kuwaiti Dinar will be a blow to the ego’s of the Iraqis. I agree that it should be on par with the USD, or even higher. I agree that the rate WILL get there… eventually. I believe that Iraq can sustain a very stable currency at a rate of $3 or higher, but I don’t think they will immediately jump to that rate even if they ultimately desire it to be so.
______________________________________________________________
Iraqi former PM Nouri al-Maliki’s wealth is estimated at $40 billion, informed sources told The Baghdad Post on Thursday.
The sources revealed the 67-year-old has made his wealth through manipulating the Iraqi Central Bank’s accounts as well as his suspicious projects inside and outside Iraq.
They also confirmed he took over the 2014 state budget without releasing concluding statements….
Loop (Dinar Guru) – Article: “Alheims: the government was forced to borrow because of the external costs of the war effort Banks” Quote: “…he pointed to the achievement of the proportion of the profits of the bank increased by 300%, confirmed go half to the Treasury the public.” TBI increased it’s profits by 300%! It’s amazing how profits soar when people are not stealing the money! This little article speaks volumes on how effective the monitoring of the banking system is. A 300% increase in profits under normal economic conditions is beyond huge. Folks Iraq is at war and the TBI saw a 300% increase in profits. That is simply unheard of.
_____________________________________________________________
BGG (Dinar Guru) – Here’s a weird tidbit – just happened this AM …they changed the way they list the currency auctions – this AM…no rate – they took out the 1182 part. NADA. MIA.
_____________________________________________________________
Follow us on twitter @DinarUpdates !!
Dinar Updates – “NEWS TIME” w/BGG & Company – Mar 19th 6:30pm CST – In the DU CHAT Room!!
BGG (Dinar Guru) – Article: “(Reuters) Iraqi Prime Minister Haider al-Abadi said the government offensive to recapture the city of Mosul from Islamic State militants was in its final stages.” Mosul moving to an end soon. Boom. [Whats your thoughts…that an rv happen could happen before april or during april. Being info. out of Iraq is usually already happened so mosul prob closer to done sooner than later!] Not sure – but I’m very excited I’m still in this thing!!
______________________________________________________________
BGG (Dinar Guru) – Article: “(Reuters) Iraqi Prime Minister Haider al-Abadi said the government offensive to recapture the city of Mosul from Islamic State militants was in its final stages.” Mosul moving to an end soon. Boom. [Whats your thoughts…that an rv happen could happen before april or during april. Being info. out of Iraq is usually already happened so mosul prob closer to done sooner than later!] Not sure – but I’m very excited I’m still in this thing!!
______________________________________________________________
Kaperoni (Dinar Guru) – Article: “Saleh: Iraq is still within safe levels for loans” Quote: “…Iraq is not going to borrow the next budgets but on the contrary will be able to start paying the current loan incurred by him” Better get that market economy going and open the banking system if that is the plan.
______________________________________________________________
1) Be sure you have actually joined and are a member. A while back we switched servers. When we did – the room may look the same but everything started over from scratch.
2) if you are using Google Chrome you might need to do this:
Click on the menu in the upper right hand corner of Chrome…
then go down to “Settings” > “show Advanced settings” (at the very bottom) > Then to the “Content settings” button > then click “Allow sites to run Flash” – should be good to go.
This is some recent update to Chrome – nothing we did.
3) in that same area I had to go to the Pop-ups box (right below the one above) and check the box to allow pop-ups. If you only want to allow pop-ups on the chat room, you can. There is a dialog box right below where you can add the Dinar Updates Chat Room web address to the box – it will allow the Chat Room to “pop-up”…
Blocked pop-ups is a big reason there are chat room error. You might have to all an exception – for instance, on Firefox.
Hope this helps.
All of the above applies to Desk top/Lap top access only.
If you would like to access the Chat Room via a Smart Phone:
We have recently installed the Mobile plug-in so the Chat Room is Mobile access ready
However, you will need a flash player compatible browser. The recommended browser is Puffin (free version) – you can download it from the Google Play Store in about 2 minutes.
It is a very fast browser – Easy to use. My new favorite mobile browser. I just took Chrome off my Mobile Home Screens – it’s not even close.
We have also added several big, easy to find Mobile Chat Links to the site at the top of the Forum athttp://www.DinarUpdates.com
Loop (Dinar Guru) –Article: “TBI launches new producer certificate of deposit” Quote: “He added that this certificate has launched with the approval and blessing of the Iraqi Central Bank and is guaranteed payment at the moment of the citizen request to withdraw amounts.” This is beyond huge IMO. In the past this is the main complaint that the citizens have had. This is saying that if you deposit your money with us and invest it into these CD you are guaranteed to be able to access your funds when you need to. Getting the citizens to deposit their money into the banks is a critical component of moving to a free market economy. When the banks have liquidity they can loan the money needed to fuel the private sector, which will lead to explosive economic growth the likes that we have not seeing in our lifetime… IMO.
______________________________________________________________
Loop (Dinar Guru) – Article quote: “today we move from a centralized economy to a market economy” Who is saying this? Dr. Mohammed Saleh economic advisor to Prime Minister al – Abadi! BOOM! …moving to a true market economy would have to include an internationally recognized currency. Market Economy = Free Market Economy. There are currently 180 countries that are ranked from Free to Restricted. Iraq is not listed. Of the 180 list countries how many of them have a currency that is internationally recognized? All of them. So do you think it is reasonable to theorize that given Saleh’s quote “today we move from a centralized economy to a market economy” that with Iraq’s move to some form of a market economy that the IQD will have to be internationally recognized as well? I DO!
______________________________________________________________
Regarding the D.U.C.E. List e-mails –
If you are not receiving D.U.C.E. messages, it’s possible the receiving mail server is blocking or filtering the message before it’s delivered to your inbox. One solution is to whitelist our domain and IP ranges so that the server will allow messages through the block.
Below is our whitelisting information. You’ll want to provide this information to your IT or website administrator and they can add it to the mail server so that future messages are delivered to your inbox… or add this info to your e-mail profile.
DinarUpdates.com Domains: From domain – mail.vresp.com Bounce domain – cts.vresp.com
DinarUpdates.com IP ranges: 74.116.89.0/24 74.116.91.0/24 63.251.246.0/24
BGG (Dinar Guru) –These days – throw a rock in any direction and you hit a STUNNING NEWS PIECE. “They” have pretty much showed us the outline…and it’s being worked out now. Let’s hope they get the reform projects started soon. Because the beginning of the Iraq currency reform is when your life changes.
______________________________________________________________
Kaperoni (Dinar Guru) – Article: “Zain launches Cash trading platform to stimulate entrepreneurs Iraqis to turn their ideas into innovative reality“Iraq is going from the stone age to the state of the art very quickly. This is important for sure an they move away from a closed banking system to one that engages with the global financial system. IMO, this will support and encourage the rapid growth of a private sector/market economy.
______________________________________________________________
BGG (Dinar Guru) – [Why would it be logical for Iraq’s RVed rate to come out lower than Kuwait’s current rate when Iraq has so much more oil (and other resources) thank does Kuwait?] Logical – except oil resources and prices have zero to do with currency valuation – according to the IMF… Further – since the very definition of “currency” is a “promissary note” on the economy of a country. Truthfully – it’s going to be what the world – ie, IMF, UN, WB wants it to be…since…each currency is limited by boundaries of acceptance. In Iraq’s case – it is not internationally traded and therefore not accepted. …is this on the horizon – it sure looks promising… however, Iraq could “price” their currency at whatever they want… without international acceptance and support – who would buy it?
______________________________________________________________
The Dinar Round Table Call!! “with the whole DU Crew” from Tues nite – Mar 14th Click-N-Listen!!
BGG (Dinar Guru) – Articles: “Mosul .. Iraqi forces predict the ‘big wins’ within hours” “Mosul war will end very soon .. and Abadi called on Iraqis in Germany to return to their homeland” “Jubouri Macgork: Today suitable conditions for a comprehensive national reconciliation” So there are a few juicy headlines… I am still amazed at everything going on over there – and people still (as late as last nite) e-mail me boo hooing about how it hasn’t happened yet. I just comment on it – the mass of incredible news is just stunning. Iraq is moving forward with great speed. [We haven’t had any formal news from the CBI over the last few weeks about the delete the zeroes program, are you still of the impression that they are going to go ahead once Mosul is finished?] I can only go by their most recent commentary – all looks good from what they have said. Once this security “check box” is filled – we’ll have to see what they do.
______________________________________________________________
Economic Adviser to the Prime Minister: any country linked to terrorism must be written off debts and in 2022 we will be the biggest payment
BAGHDAD / tomorrow Press: After Greece ‘s financial crisis and what is passing through Jordan today ‘s economic crises feel the Iraqi people who have multiplied and multiplied his government loans scared, Dr. appearance of Mohammed Saleh economic advisor to Prime Minister al – Abadi spoke about the Iraqi debt in detail in this dialogue, and pointed to the accumulation of past debt and current debt, benefits and how to repaid warning in 2022 , which will be the largest payment , according to his description…
Phillyman (Dinar Guru) – I’m hoping that behind the scenes there is alot going on that we are clueless about to keep Iraq going in the right direction.It is hard to imagine that so many countries would pour so many resources into Iraq without being pretty certain of it paying off.
______________________________________________________________
tman23 (Dinar Guru) – Post Mosul…What does the Iraqi government have to offer the citizen? What immediate services can the GOI provide? IMO…THE HEADS OF IRAQ MUST DAZZLE THEIR PEOPLE WITH SOMETHING MORE THAN TALK ABOUT A GREAT FUTURE…IT’S TANGIBLE TIME, SOMETHING THEY CAN PUT THEIR HANDS ON… Abadi promised them all a raise retro active back a full year when he became the PM…Never knew where the $$$ was coming from then… The people do not believe in their government or their country. IMF says on their website that a countries currency can have a major psychological affect on it’s citizens…We shall see !!
______________________________________________________________
tman23 (Dinar Guru) – Article quote: “WASHINGTON,— U.S. Secretary of State Rex Tillerson met with Iraqi Oil Minister Jabbar al-Luaibi at the State Department on Friday.” SOME SERIOUS PLANNING GOING ON...OIL MAN TILLERSON MEETING WITH Al-Luaibi…THE CALL FOR ABADI TO GET TO WASHINGTON AHEAD OF SCHEDULED DATE…IMF MEETING TAKING PLACE WITH IRAQ…THEY HAVE A PLAN ROLLING OUT…LETS JUST HOPE IT INCLUDES US AND 3 ZEROS.
______________________________________________________________
Enorrste (Dinar Guru) – It is natural for those of us who have been in this game a long time (over 10 years for me) to get frustrated now and then. I am confident that we will make a significant profit within a reasonable period of time. I am 68, so that “reasonable period” isn’t that long!
______________________________________________________________
tman23 (Dinar Guru) – Post Mosul…What does the Iraqi government have to offer the citizen? What immediate services can the GOI provide? IMO…THE HEADS OF IRAQ MUST DAZZLE THEIR PEOPLE WITH SOMETHING MORE THAN TALK ABOUT A GREAT FUTURE…IT’S TANGIBLE TIME, SOMETHING THEY CAN PUT THEIR HANDS ON… Abadi promised them all a raise retro active back a full year when he became the PM…Never knew where the $$$ was coming from then… The people do not believe in their government or their country. IMF says on their website that a countries currency can have a major pyscological affect on it’s citizens…We shall see !!
______________________________________________________________
Mosul .. Iraqi forces predict the ‘big wins’ within hours
Spokesman for the Iraqi joint operations Yahya said Messenger Saturday that “the coming hours” could see a “great victories” of Iraqi forces on Daesh fighters in Mosul, pointing out that the liberalization of the west coast of the entire city is near…
BGG (Dinar Guru) – Anyone recall how many days it’s been since the CBI website went without updating the daily rate? [They went from January 4th up until a couple days ago, so like 45 business days or so.] Kinda’ weird how they just started updating the CBI website again – after something over 45 days? Wow? No change in status – of course…just really weird.
______________________________________________________________
tman23 (Dinar Guru) – HOLD ON TO YOUR SEAT… “WASHINGTON,— U.S. Secretary of State Rex Tillerson met with Iraqi Oil Minister Jabbar al-Luaibi at the State Department on Friday. Al-Luaibi did not comment on questions from reporters about U.S. oil investment in Iraq.” “Mr. Minister, are there plans to expand U.S. oil investment in Iraq?” one reporter asked. Tillerson extended a handshake to the minister and said, “welcome.” Reporters were then quickly escorted from the room.” AND THEN… “Iraqi Prime Minister Haider al-Abadi has expressed a willingness to make a visit to Washington ahead of an earlier date, which had been set for the week of March 19...” KABOOM! The reschedule comes at the request of the White House…ABADI GOING TO WASHINGTON EARLIER THAN SCHEDULED.
______________________________________________________________
Kaperoni (Dinar Guru) – Article: “Central: financial sector management electronically end of 2017” …one of the reasons the dinar will rise gradually is that the CBI can profit as it rises.The buy/sell of the dinar creates commissions. It is those commissions that will replace the revenue the CBI seeks when it ends the daily auctions.
______________________________________________________________
MadDScout (Dinar Guru) – [...if the budget is starting to be opened, will they be opening it with the new rate?] Rate is something subject to conditions needing to be met not something already in the budget.
______________________________________________________________
Kaperoni (Dinar Guru) – Article: “The appearance of Mohammed Saleh: the central bank has a big role to emerge from the financial crisis for the country” There is no private sector without opening the banking system to the world. Simple as that.
______________________________________________________________
BGG (Dinar Guru) –[how is investment?] The investment is doing just fine – glad to be in it. No need for “secret intel” sources. This is getting good. Alak (that would be the Gov of the CBI) and Abadi (that would be the Prime Minister of Iraq) were both “forecasting” the start of economic and financial reform as soon as ISIS was defeated in Mosul – they were believing this would have happened in Jan – Feb…BUT… their optimism is still real – “first part of 2017” is still accurate – this appears to be a foregone conclusion, ISIS gone – MR started. So – we’re good…and appears to be happening as we speak...
______________________________________________________________
Mohammed Saleh: The central bank has a big role to emerge from the financial crisis for the country
Economy News / Baghdad … Set up the House of Wisdom Department of Economic Studies panel scientific symposium, Thursday, on the implementation of private sector development in Iraq strategy requirements (2014 2030)
The seminar was attended by Dr. appearance of Mohammed Saleh financial advisor to the prime minister and professor Samir Nasiri, an economist and banking and a number of economists and bankers*
And Dr. appearance of Mohammed Saleh during the symposium on how strategic economic implement and apply them to the ground adding that the private sector is the backbone of the Iraqi economy and millions of citizens working within the private sector, calling out the importance of getting rid of the market gap through public sector cooperation and private in order to create a large market…
Enorrste (Dinar Guru) –The result, of course, will be an enormous upward pressure on the value of the dinar as new investment money comes into the country. You can rest assured that most of the “Fortune 500” companies in America, not to mention others around the world, will want to “stake their claim” in this market as soon as the proper conditions permit. That time frame has been given in this article: sometime in the fourth quarter of this year. I expect the float to begin late in the third quarter or early in the fourth quarter. I expect the money supply to fall with the rise in value of the dinar. Then I expect a cascading effect as more and more new money floods into Iraq for investment, thus putting even more upward pressure on the dinar value. Within two or three years we should see a world reserve currency emerge and be poised to take our profits. [post 3 of 3]
______________________________________________________________
Enorrste (Dinar Guru) – The next phrase that struck me is “the adoption of advanced banking technologies adopted by the biggest banks in the world.” This phrase emphasizes…that this article is clearly stating that Iraq will be opening the dinar to the world market by the end of this year. Following along with that…is that this will only happen if they also float the currency. This is where our investment will begin to pay off for us all. …this will have to be at least initiated prior to the end of this year. It is a process that will take some time to implement. It will be imperative that the CBI get the money out of the mattresses before allowing the value to rise too high in order to avoid serious inflation. This brings me to the last great phrase. That phrase is “the entry of active cooperation with the world’s largest companies.” Once this new high-tech banking system is in place we will see the “Wild West” that KAP [Guru Kaperoni] and I have described many times over the years begin to occur. Investors all over the world, and in particular “the world’s largest companies,” will leap at the chance to enter into this essentially untapped market. The guarantees (insurance) and electronic security provided by a state-of-the-art banking system akin to that used by the most advanced countries in the world will be a huge magnet for these mega-companies to get their feet wet in the Iraqi market. [post 2 of 3….stay tuned]
______________________________________________________________
Enorrste (Dinar Guru) – Article: “Central: financial sector management electronically end of 2017” There are four phrases in this article that got me excited…The first is the phrase “in the best world systems.” What this means is that the IMF is bypassing older and more traditional methods of change and are instead moving Iraq to the “front of the line” in terms of technological development. This is consistent with Saleh’s statement made years ago that the dinar would become a “world reserve currency.” When your banking system is among the world’s best that means that you are poised to move directly into the world foreign currency exchange market. But the next phrase is where Saleh’s statement about the dinar become a world reserve currency gains some credence. That phrase is “helps to pull the money supply of homes to the banking sector.” We have read over the years that this is a major concern, namely, how do we get people in Iraq to pull their dinars out of their mattresses and put them into the banking system? It seems evident from this phrase that this is intended to do just that. Now, the connection to Saleh’s prediction about the dinar becoming a world reserve currency is that as these dinars come out of the mattresses and into the banks they can be destroyed by the CBI, thus lowering the overall money supply, allowing the value of the dinar to rise. The rising value of the dinar, given their high relative reserve position, will ensure that the dinar will become one of the strongest currencies in the world. [post 1 of 3….stay tuned]
______________________________________________________________
Maliki afraid of his trial and the inauguration of the new governor of the capital to fuel the conflict between him and the Sadrists
Raged differences within the National Alliance, a Shiite ruler, after the dismissal of the former Baghdad Governor Ali al-Tamimi and the election Atwan Atwani substitute, where the former governor Ali al-Tamimi belongs to the Sadrist movement block free, while the new governor belongs to the bloc coalition of state law, led by Nuri al-Maliki, who began the liquidation of political opponents during his bloc in parliament, where he has managed in the last period of the dismissal of a number of ministers and officials in the government as a kind of revenge for the lack of support for the third term of the former Prime Minister, Vice President of the Republic the current Nouri al-Maliki, and the latest was the governor of Baghdad, Ali al-Tamimi, who formed his dismissal pivotal point in Shiite conflict within the House…
Adam Montana (Dinar Guru) – [adding to the previous question… what three 0 notes do you think they will want to take out of circulation? Do you think there is any chance they will not be taking the 5,000 note out of circulation?] My guess would be that the first to go will be the 25,000 and 10,000. Followed within 6 months (at most) by all the rest, to be replaced with the new issue. [post 2 of 2]
______________________________________________________________
Adam Montana (Dinar Guru) – [When they revalue it, no matter what number it goes to…Let’s say it’s .10 cents hypothetically. I think everyone pretty much agrees it will still rise from there. If that’s true, will they announce to the dinar holders that there is a certain amount of time to exchange yours? Or will that time limit be a mystery to everyone?] I do agree that it will rise, especially if they start it at $0.10…that said, it’s impossible to pinpoint which notes they will call in first, or how long they will allow the “old” notes to remain in circulation. Other countries that have re-denominated have used 90 days. I think it’s reasonable to think we can expect that much time, but there is no guarantee on that. [post 1 of 2….stay tuned]
______________________________________________________________
BGG (Dinar Guru) – Article: “Warnings of severe deterioration of the dinar after the appetite for dollar” This is an OP ED piece…Opinion of writer only…no guarantee of veracity… the big take-away for me was – the author points out a few things that are HISTORICALLY accurate – then says – IN ESSENCE, you can fix it all with currency reform. Quote: “…in addition to that some of the citizens and the owners of the money prefer the dollar for the dinar for easy transfer and retention of the fact that the money supply will be less, and that’s what we confirm it previously necessity currency project to delete the zeros of the three of the currency, which he can solve a lot of problems…” “...CAN – SOLVE – A – LOT – OF – PROBLEMS…” BOOM!
______________________________________________________________
IS leader Baghdadi abandons Mosul fight to field commanders, U.S. and Iraqi sources say
By Isabel Coles, John Walcott and Maher Chmaytelli | MOSUL, IRAQ/WASHINGTON
U.S. and Iraqi officials believe the leader of Islamic State, Abu Bakr al-Baghdadi, has left operational commanders behind with diehard followers to fight the battle of Mosul, and is now hiding out in the desert, focussing mainly on his own survival…
Loop (Dinar Guru) – “REACT controls on the main court of the organization and the Central Bank branch in Mosul” THEY RETAKE THE MOSUL BRANCH OF THE CBI AND THEY ARE READY TO ASSESS THE DAMAGES SO THEY CAN REPAIR IT AND OPEN THE DOORS.
______________________________________________________________
tlm724 (Dinar Guru) – Article: “Adviser at the Central Bank of Iraq overcome the financial crisis and will become the country’s foreign investment” Things are progressing nicely for Iraq. Stability is close at hand! IMO the currency reform is on the horizon. The CBI keeps on keeping on, making the needed adjustment to policy to make things right to go forward.
______________________________________________________________
Shredd (Dinar Guru) – Article: “Central Bank: the financial crisis behind us and the next few days are promising” Quote: “Iraq will become a country of foreign investment as a result of competing foreign international companies to invest in the reconstruction after the devastating cities recovered from Daesh.” This is a great reminder of the wealth Iraq has and the interest from foreign investment. “Iraq will become a country of foreign investment” — that is for sure and as note, that will become a huge part in the rebuilding of the country. In this same period of time, the stability that is sought by the CBI for their currency reform can then move forward. …this is not an “If” but a “When” regarding the legal tender, globally accepted dinar to become the primarily used currency of Iraq.The immense amount of progress in the banking and investment laws, the protections for investors, the banking customer vetting via KYC, the project to remove the zeros and so many more accomplishments all still stand. None of the progress the CBI and the GOI have made to mature from their past dictatorship have been repealed. Progress has been and continues to be forward.
______________________________________________________________
Islandg1211 (Dinar Guru) – Many of us were hoping that Trump would speed up the RV. He may not have done that, but rest assure he isn’t going to let it be delayed. He’s put pressure on getting rid of ISIS both in Mosul and in Raqqa. The RV needs, IMO, in this order: 1) Mosul (and then Raqqa) 2) National Reconciliation Law 3) Day of Celebration for getting rid of ISIS and coming together politically 4) HCL 5) RV with no announcement nor fanfare. Trump certainly could try to push a settlement politically quicker and get the RV done sooner. But, for right now, it looks to me like my prediction of mid-summer with my list of things getting done prior still stands. In January, I posted these same thoughts, and I don’t see anything new to amend my opinion on the RV date of mid-summer with a rate just above the USD, around $1.13 (the high end of the original Ernst and Young appraisal of the Dinar.)
______________________________________________________________
Kaperoni (Dinar Guru) – Article: “Central: financial sector management electronically end of 2017” Currency reform should start well before end of year IMO.
______________________________________________________________
MadDScout (Dinar Guru) – Article quote: “The local market has seen a marked decline in the dollar against the Iraqi dinar and by five thousand dinars to the category of $ 100.” “marked decline by five thousand dinars to the category of $ 100.” …what we are seeing is the measures by CBI recently put in place to bring the dinar street rate in line with the cbi rate even against a strong dollar. Today they received 30 billion in loan assistance…18 from imf and 12 from Great Britian.
______________________________________________________________
revbo (Dinar Guru) – Article: “Iraq forces advance into Mosul city” …the news is everywhere, this morning, that ISF has taken the second bridge, so they have at least secured the small district just to the west of the river, where the second bridge is, which gives them direct access to Old Mosul.
______________________________________________________________
Central bank: Iraq overcome the financial crisis and the coming days bode well
The Central Bank of Iraq adviser Walid Idi, that Iraq exceeded the financial crisis, pointing out that the coming days bode well.
He Idi said in a statement that the crisis austerity and fiscal deficit as a result of lower oil prices in the last period has ended, adding that, Iraq will become a country of foreign investment as a result of competing foreign international companies to invest in the reconstruction of liberated cities, and pointed Idi that the entry of foreign Iraq’s companies reflect a positive outlook It will contribute to attracting major countries to rebuild the liberated areas and the holding of joint agreements for investment as well as trade exchange and activate tourism and oil industry.
Loop (Dinar Guru) – to follow this comment up – the very next day they same thing happened again. The street rate for the Dinar got another 3k per 100 USD stronger… looking more and more like a trend. Monetary policy (in the real world) is tightening up…and I point this out because…the culmination of what we are wanting to see is being forecast by numerous other, smaller moves – this being one of them. Corruption, International agreement, financial mgmt procedures getting better, security and stability. All happening now.
______________________________________________________________
BGG (Dinar Guru) – Article: “Central bank: Iraq overcome the financial crisis and the coming days bode well” Quote: “…Iraq will become a country of foreign investment as a result of competing foreign international companies to invest in the reconstruction of liberated cities…” None of this can happen…without a serious shift in economic and currency policy. Just can’t happen. They are back to “forecasting” as they were in late 2016…this time – the timeline isn’t months or a part of the year…but it’s “days” in their own words…NOT weeks, months or years.
______________________________________________________________
Kaperoni (Dinar Guru) – Article: “Central: financial sector management electronically end of 2017” Quote: “...the current year will see in the fourth quarter sophisticated financially important is linking the banking sector…” This is a huge article! It appears to me that they are stating that this year they expect to open the banking system to the world. That freedom of movement and international transactions will begin. This to me, appears to be confirmation that during 2017 we will see the beginning of currency reform.
______________________________________________________________
Revbo (Dinar Guru) – Article: “Central Bank: the financial crisis behind us and the next few days are promising” Sounds like they want to get things moving pretty quickly after Mosul is over, and nobody’s coming in if they can’t get their money out.
______________________________________________________________
Phillyman (Dinar Guru) – Articles: “Iraqi command says a few meters close from Mosul government complex” “Iraqi forces control most of 2 western Mosul districts, pound Tal Afar” “Iraqi forces launch fresh push in western Mosul battle” “Iraqi forces near government buildings in Mosul as fight against ISIS continues” Obviously the timing of the Mosul operation being complete is all over the place but I wanted to put this quote from the first article here in case you missed it. This is the opinion of a Lt. General, Federal Police Chief: “He said the troops have become a few meters away from the government complex, adding that retaking that area could mean “a 80 percent strategic and moral victory in western Mosul battles”.
______________________________________________________________
Adam Montana (Dinar Guru) – I mentioned in my weekly…update that I’m getting a bit giddy right now. There’s a good reason for it! We are at a tipping point, and this is going to either make us some money, or we’re going to be walking away soon. Either way, I think all of us will be happy. Either we make out like bandits or we just say “we enjoyed the ride”, right?! Based on what I’m hearing from my people, I am leaning toward the bright side of it.
______________________________________________________________
Loop (Dinar Guru) – Quote: Article quote: “The local market has seen a marked decline in the dollar against the Iraqi dinar and by five thousand dinars to the category of $ 100.” marked decline by five thousand dinars to the category of $ 100. That is all it is saying.Not that the exchange rate 5000 dinar to 100 dollars. This is right in line with the CBI’s statement made on Wednesday. [so what does that mean…?] It means that the CBI has put a system into place that allows them…control of the stability of the dinar in the market place. This systems removes the middlemen and gives them end to end transparency for all transactions. This is exactly what the IMF wants them to do. Very important move on their part.
______________________________________________________________
Vision that the economic recovery in the post-Iraqi dinar
Economy News / Baghdad … The CBI has issued a press statement in which he explained that the slight decline in the dollar against the Aldenarabraghi it causes Alryise PROCEDURES AND ORGANIZATIONAL new used to regulate the sale of Currency window and curtail the role of middlemen and speculators as well as the commitment of the private banks and their cooperation with the Central Bank of cushions and the role played by the Association of Banks He urged the Iraqi special departments of banks on the need to support the orientations of the central bank at the service of the national economy and harnessing the potential of the private banks in the central purpose of which is to work on the recovery of the Iraqi dinar and raise its value and cash Acharayah against the dollar…
tman23 (Dinar Guru) – “Kurdistan region,— Masoud Barzani said the Iraqi Kurdistan Parliament and presidential elections will be held in September this year.” “There will be two elections in September: parliament and presidential,” Barzani said during an interview …I won’t be a candidate myself.” WHY IS THIS A FACTOR? TWO VERY POSITIVE SIGNS WITH ONE GLOWING IN NEON! AUGUST 2013 BARZANI CAME SPOKE OUT ON THE DINAR AND THE MENACING 3 ZEROS AND SAID HE WAS NOT LEAVING UNTIL THEY WERE LIFTED AND KURDISTAN COULD OPEN ITS ECONOMY…HE ALSO SAID HE WAS NOT LEAVING UNTIL KURDISTAN HAD ITS STATEHOOD…THE OPENING OF A FREE MARKET LEADS TO INDEPENDENCE…TOO MUCH GOING DOWN NOT TO THINK AGREEMENTS ARE READY TO SIGNED…NOT YOUR USUAL MEET FOR NATIONAL RECONCILIATION DISCUSSIONS OF THE PAST…i BELIEVE THEY MEET TO ANNOUNCE…AND SIGN…NOT NEGOTIATE!
______________________________________________________________
BGG (Dinar Guru) – Article: “Parliamentary Finance’s “approach” to postpone the project to delete the zeros until further notice” Quote: “…Finance Committee in the House of Representatives announced the postponement of the project to delete the zeros that was planned years ago to apply until further notice.” …that almost has the “smack” of her pointing out that this WAS PLANNED – then POSTPONED until further notice. Which is…accurate…they aren’t saying further notice isn’t tomorrow, next week or next month either. Why would they be “rehashing” a decision that was put off back in 2012 – right now? Over a concept that is DIRECTLY germane to their forward economic progress. In fact…it is a little weird this is coming out now – right near the end of Mosul… or in this “first part of 2017 timeframe” – why now? I think it’s obvious.
______________________________________________________________
Adam Montana (Dinar Guru) – …I have a couple of rumors that I’m holding onto. I had hoped to have a better confirmation on them before posting this… I do not have what I need in order to release it, so I’m sticking with my
original guesstimate of the rate. When I think about it, I hope I’m wrong and y’all are riding with me to a much higher rate! You don’t want to see $3.14 any more than I do! But I’m a realist, and that guides my logic on matters like this…Let’s move forward a few steps and talk about a ReValued dinar. I agree that a lower rate than the Kuwaiti Dinar will be a blow to the ego’s of the Iraqis. I agree that it should be on par with the USD, or even higher. I agree that the rate WILL get there… eventually. I believe that Iraq can sustain a very stable currency at a rate of $3 or higher, but I don’t think they will immediately jump to that rate even if they ultimately desire it to be so.
______________________________________________________________
1) Be sure you have actually joined and are a member. A while back we switched servers. When we did – the room may look the same but everything started over from scratch.
2) if you are using Google Chrome you might need to do this:
Click on the menu in the upper right hand corner of Chrome…
then go down to “Settings” > “show Advanced settings” (at the very bottom) > Then to the “Content settings” button > then click “Allow sites to run Flash” – should be good to go.
This is some recent update to Chrome – nothing we did.
3) in that same area I had to go to the Pop-ups box (right below the one above) and check the box to allow pop-ups. If you only want to allow pop-ups on the chat room, you can. There is a dialog box right below where you can add the Dinar Updates Chat Room web address to the box – it will allow the Chat Room to “pop-up”…
Blocked pop-ups is a big reason there are chat room error. You might have to all an exception – for instance, on Firefox.
Hope this helps.
All of the above applies to Desk top/Lap top access only.
If you would like to access the Chat Room via a Smart Phone:
We have recently installed the Mobile plug-in so the Chat Room is Mobile access ready
However, you will need a flash player compatible browser. The recommended browser is Puffin (free version) – you can download it from the Google Play Store in about 2 minutes.
It is a very fast browser – Easy to use. My new favorite mobile browser. I just took Chrome off my Mobile Home Screens – it’s not even close.
We have also added several big, easy to find Mobile Chat Links to the site at the top of the Forum athttp://www.DinarUpdates.com
BGG (Dinar Guru) – Article: “(Reuters) Iraqi Prime Minister Haider al-Abadi said the government offensive to recapture the city of Mosul from Islamic State militants was in its final stages.” Mosul moving to an end soon. Boom. [Whats your thoughts…that an rv happen could happen before april or during april. Being info. out of Iraq is usually already happened so mosul prob closer to done sooner than later!] Not sure – but I’m very excited I’m still in this thing!!
If you are not receiving D.U.C.E. messages, it’s possible the receiving mail server is blocking or filtering the message before it’s delivered to your inbox. One solution is to whitelist our domain and IP ranges so that the server will allow messages through the block.
Below is our whitelisting information. You’ll want to provide this information to your IT or website administrator and they can add it to the mail server so that future messages are delivered to your inbox… or add this info to your e-mail profile.
DinarUpdates.com Domains: From domain – mail.vresp.com Bounce domain – cts.vresp.com
DinarUpdates.com IP ranges: 74.116.89.0/24 74.116.91.0/24 63.251.246.0/24
Kaperoni (Dinar Guru) – Article: “Saleh: Iraq is still within safe levels for loans” Quote: “…Iraq is not going to borrow the next budgets but on the contrary will be able to start paying the current loan incurred by him” Better get that market economy going and open the banking system if that is the plan.
______________________________________________________________
Our forces cleansed 90 percent of the old city
BAGHDAD / MOSUL / morning – Going liberalization of Mosul operations accelerated paces against the remnants of the collapse of Daesh gangs that have become besieged from all sides in a tight angle after surging yesterday achieve our new victories cleared strategic targets in the heart of Mosul Coast right hand and Badush.
Keeping the bank of the Tigris
It boycotted the recent operations north of the right coast of the statement of the cell media war commander operations (coming, Nineveh), Lt. Gen. Abdul Amir Rasheed Aarallah, saying that pieces of the band 16 completed yesterday afternoon edit all villages and areas east of hand Badush (20 km northwest Mosul) after clearing the village of aesthetic and thus imposed full control on the eastern edge of the Tigris River, explaining that the band freed am Sheikh Mohammed village east side and raised the Iraqi flag over the buildings after the enemy to inflict loss of life Aldaasha and equipment….
Loop (Dinar Guru) –Article: “TBI launches new producer certificate of deposit” Quote: “He added that this certificate has launched with the approval and blessing of the Iraqi Central Bank and is guaranteed payment at the moment of the citizen request to withdraw amounts.” This is beyond huge IMO. In the past this is the main complaint that the citizens have had. This is saying that if you deposit your money with us and invest it into these CD you are guaranteed to be able to access your funds when you need to. Getting the citizens to deposit their money into the banks is a critical component of moving to a free market economy. When the banks have liquidity they can loan the money needed to fuel the private sector, which will lead to explosive economic growth the likes that we have not seeing in our lifetime… IMO.
______________________________________________________________
Loop (Dinar Guru) – Article quote: “today we move from a centralized economy to a market economy” Who is saying this? Dr. Mohammed Saleh economic advisor to Prime Minister al – Abadi! BOOM! …moving to a true market economy would have to include an internationally recognized currency. Market Economy = Free Market Economy. There are currently 180 countries that are ranked from Free to Restricted. Iraq is not listed. Of the 180 list countries how many of them have a currency that is internationally recognized? All of them. So do you think it is reasonable to theorize that given Saleh’s quote “today we move from a centralized economy to a market economy” that with Iraq’s move to some form of a market economy that the IQD will have to be internationally recognized as well? I DO!
______________________________________________________________
Follow us on twitter @DinarUpdates !!
Dinar Updates – “NEWS TIME” w/MadDScout & the DU FB Crew – Mar 16th 6:30pm CST – In the DU CHAT Room!!
BGG (Dinar Guru) –These days – throw a rock in any direction and you hit a STUNNING NEWS PIECE. “They” have pretty much showed us the outline…and it’s being worked out now. Let’s hope they get the reform projects started soon. Because the beginning of the Iraq currency reform is when your life changes.
______________________________________________________________
Kaperoni (Dinar Guru) – Article: “Zain launches Cash trading platform to stimulate entrepreneurs Iraqis to turn their ideas into innovative reality“Iraq is going from the stone age to the state of the art very quickly. This is important for sure an they move away from a closed banking system to one that engages with the global financial system. IMO, this will support and encourage the rapid growth of a private sector/market economy.
______________________________________________________________
BGG (Dinar Guru) – [Why would it be logical for Iraq’s RVed rate to come out lower than Kuwait’s current rate when Iraq has so much more oil (and other resources) thank does Kuwait?] Logical – except oil resources and prices have zero to do with currency valuation – according to the IMF… Further – since the very definition of “currency” is a “promissary note” on the economy of a country. Truthfully – it’s going to be what the world – ie, IMF, UN, WB wants it to be…since…each currency is limited by boundaries of acceptance. In Iraq’s case – it is not internationally traded and therefore not accepted. …is this on the horizon – it sure looks promising… however, Iraq could “price” their currency at whatever they want… without international acceptance and support – who would buy it?
______________________________________________________________
The Dinar Round Table Call!! “with the whole DU Crew” from Tues nite – Mar 14th Click-N-Listen!!
BGG (Dinar Guru) – Articles: “Mosul .. Iraqi forces predict the ‘big wins’ within hours” “Mosul war will end very soon .. and Abadi called on Iraqis in Germany to return to their homeland” “Jubouri Macgork: Today suitable conditions for a comprehensive national reconciliation” So there are a few juicy headlines… I am still amazed at everything going on over there – and people still (as late as last nite) e-mail me boo hooing about how it hasn’t happened yet. I just comment on it – the mass of incredible news is just stunning. Iraq is moving forward with great speed. [We haven’t had any formal news from the CBI over the last few weeks about the delete the zeroes program, are you still of the impression that they are going to go ahead once Mosul is finished?] I can only go by their most recent commentary – all looks good from what they have said. Once this security “check box” is filled – we’ll have to see what they do.
______________________________________________________________
Economic Adviser to the Prime Minister: any country linked to terrorism must be written off debts and in 2022 we will be the biggest payment
BAGHDAD / tomorrow Press: After Greece ‘s financial crisis and what is passing through Jordan today ‘s economic crises feel the Iraqi people who have multiplied and multiplied his government loans scared, Dr. appearance of Mohammed Saleh economic advisor to Prime Minister al – Abadi spoke about the Iraqi debt in detail in this dialogue, and pointed to the accumulation of past debt and current debt, benefits and how to repaid warning in 2022 , which will be the largest payment , according to his description…
Phillyman (Dinar Guru) – I’m hoping that behind the scenes there is alot going on that we are clueless about to keep Iraq going in the right direction.It is hard to imagine that so many countries would pour so many resources into Iraq without being pretty certain of it paying off.
______________________________________________________________
tman23 (Dinar Guru) – Post Mosul…What does the Iraqi government have to offer the citizen? What immediate services can the GOI provide? IMO…THE HEADS OF IRAQ MUST DAZZLE THEIR PEOPLE WITH SOMETHING MORE THAN TALK ABOUT A GREAT FUTURE…IT’S TANGIBLE TIME, SOMETHING THEY CAN PUT THEIR HANDS ON… Abadi promised them all a raise retro active back a full year when he became the PM…Never knew where the $$$ was coming from then… The people do not believe in their government or their country. IMF says on their website that a countries currency can have a major psychological affect on it’s citizens…We shall see !!
______________________________________________________________
tman23 (Dinar Guru) – Article quote: “WASHINGTON,— U.S. Secretary of State Rex Tillerson met with Iraqi Oil Minister Jabbar al-Luaibi at the State Department on Friday.” SOME SERIOUS PLANNING GOING ON...OIL MAN TILLERSON MEETING WITH Al-Luaibi…THE CALL FOR ABADI TO GET TO WASHINGTON AHEAD OF SCHEDULED DATE…IMF MEETING TAKING PLACE WITH IRAQ…THEY HAVE A PLAN ROLLING OUT…LETS JUST HOPE IT INCLUDES US AND 3 ZEROS.
______________________________________________________________
Enorrste (Dinar Guru) – It is natural for those of us who have been in this game a long time (over 10 years for me) to get frustrated now and then. I am confident that we will make a significant profit within a reasonable period of time. I am 68, so that “reasonable period” isn’t that long!
______________________________________________________________
tman23 (Dinar Guru) – Post Mosul…What does the Iraqi government have to offer the citizen? What immediate services can the GOI provide? IMO…THE HEADS OF IRAQ MUST DAZZLE THEIR PEOPLE WITH SOMETHING MORE THAN TALK ABOUT A GREAT FUTURE…IT’S TANGIBLE TIME, SOMETHING THEY CAN PUT THEIR HANDS ON… Abadi promised them all a raise retro active back a full year when he became the PM…Never knew where the $$$ was coming from then… The people do not believe in their government or their country. IMF says on their website that a countries currency can have a major pyscological affect on it’s citizens…We shall see !!
______________________________________________________________
Mosul .. Iraqi forces predict the ‘big wins’ within hours
Spokesman for the Iraqi joint operations Yahya said Messenger Saturday that “the coming hours” could see a “great victories” of Iraqi forces on Daesh fighters in Mosul, pointing out that the liberalization of the west coast of the entire city is near…
BGG (Dinar Guru) – Anyone recall how many days it’s been since the CBI website went without updating the daily rate? [They went from January 4th up until a couple days ago, so like 45 business days or so.] Kinda’ weird how they just started updating the CBI website again – after something over 45 days? Wow? No change in status – of course…just really weird.
______________________________________________________________
tman23 (Dinar Guru) – HOLD ON TO YOUR SEAT… “WASHINGTON,— U.S. Secretary of State Rex Tillerson met with Iraqi Oil Minister Jabbar al-Luaibi at the State Department on Friday. Al-Luaibi did not comment on questions from reporters about U.S. oil investment in Iraq.” “Mr. Minister, are there plans to expand U.S. oil investment in Iraq?” one reporter asked. Tillerson extended a handshake to the minister and said, “welcome.” Reporters were then quickly escorted from the room.” AND THEN… “Iraqi Prime Minister Haider al-Abadi has expressed a willingness to make a visit to Washington ahead of an earlier date, which had been set for the week of March 19...” KABOOM! The reschedule comes at the request of the White House…ABADI GOING TO WASHINGTON EARLIER THAN SCHEDULED.
______________________________________________________________
Kaperoni (Dinar Guru) – Article: “Central: financial sector management electronically end of 2017” …one of the reasons the dinar will rise gradually is that the CBI can profit as it rises.The buy/sell of the dinar creates commissions. It is those commissions that will replace the revenue the CBI seeks when it ends the daily auctions.
______________________________________________________________
MadDScout (Dinar Guru) – [...if the budget is starting to be opened, will they be opening it with the new rate?] Rate is something subject to conditions needing to be met not something already in the budget.
______________________________________________________________
Kaperoni (Dinar Guru) – Article: “The appearance of Mohammed Saleh: the central bank has a big role to emerge from the financial crisis for the country” There is no private sector without opening the banking system to the world. Simple as that.
______________________________________________________________
BGG (Dinar Guru) –[how is investment?] The investment is doing just fine – glad to be in it. No need for “secret intel” sources. This is getting good. Alak (that would be the Gov of the CBI) and Abadi (that would be the Prime Minister of Iraq) were both “forecasting” the start of economic and financial reform as soon as ISIS was defeated in Mosul – they were believing this would have happened in Jan – Feb…BUT… their optimism is still real – “first part of 2017” is still accurate – this appears to be a foregone conclusion, ISIS gone – MR started. So – we’re good…and appears to be happening as we speak...
______________________________________________________________
Mohammed Saleh: The central bank has a big role to emerge from the financial crisis for the country
Economy News / Baghdad … Set up the House of Wisdom Department of Economic Studies panel scientific symposium, Thursday, on the implementation of private sector development in Iraq strategy requirements (2014 2030)
The seminar was attended by Dr. appearance of Mohammed Saleh financial advisor to the prime minister and professor Samir Nasiri, an economist and banking and a number of economists and bankers*
And Dr. appearance of Mohammed Saleh during the symposium on how strategic economic implement and apply them to the ground adding that the private sector is the backbone of the Iraqi economy and millions of citizens working within the private sector, calling out the importance of getting rid of the market gap through public sector cooperation and private in order to create a large market…
Enorrste (Dinar Guru) –The result, of course, will be an enormous upward pressure on the value of the dinar as new investment money comes into the country. You can rest assured that most of the “Fortune 500” companies in America, not to mention others around the world, will want to “stake their claim” in this market as soon as the proper conditions permit. That time frame has been given in this article: sometime in the fourth quarter of this year. I expect the float to begin late in the third quarter or early in the fourth quarter. I expect the money supply to fall with the rise in value of the dinar. Then I expect a cascading effect as more and more new money floods into Iraq for investment, thus putting even more upward pressure on the dinar value. Within two or three years we should see a world reserve currency emerge and be poised to take our profits. [post 3 of 3]
______________________________________________________________
Enorrste (Dinar Guru) – The next phrase that struck me is “the adoption of advanced banking technologies adopted by the biggest banks in the world.” This phrase emphasizes…that this article is clearly stating that Iraq will be opening the dinar to the world market by the end of this year. Following along with that…is that this will only happen if they also float the currency. This is where our investment will begin to pay off for us all. …this will have to be at least initiated prior to the end of this year. It is a process that will take some time to implement. It will be imperative that the CBI get the money out of the mattresses before allowing the value to rise too high in order to avoid serious inflation. This brings me to the last great phrase. That phrase is “the entry of active cooperation with the world’s largest companies.” Once this new high-tech banking system is in place we will see the “Wild West” that KAP [Guru Kaperoni] and I have described many times over the years begin to occur. Investors all over the world, and in particular “the world’s largest companies,” will leap at the chance to enter into this essentially untapped market. The guarantees (insurance) and electronic security provided by a state-of-the-art banking system akin to that used by the most advanced countries in the world will be a huge magnet for these mega-companies to get their feet wet in the Iraqi market. [post 2 of 3….stay tuned]
______________________________________________________________
Enorrste (Dinar Guru) – Article: “Central: financial sector management electronically end of 2017” There are four phrases in this article that got me excited…The first is the phrase “in the best world systems.” What this means is that the IMF is bypassing older and more traditional methods of change and are instead moving Iraq to the “front of the line” in terms of technological development. This is consistent with Saleh’s statement made years ago that the dinar would become a “world reserve currency.” When your banking system is among the world’s best that means that you are poised to move directly into the world foreign currency exchange market. But the next phrase is where Saleh’s statement about the dinar become a world reserve currency gains some credence. That phrase is “helps to pull the money supply of homes to the banking sector.” We have read over the years that this is a major concern, namely, how do we get people in Iraq to pull their dinars out of their mattresses and put them into the banking system? It seems evident from this phrase that this is intended to do just that. Now, the connection to Saleh’s prediction about the dinar becoming a world reserve currency is that as these dinars come out of the mattresses and into the banks they can be destroyed by the CBI, thus lowering the overall money supply, allowing the value of the dinar to rise. The rising value of the dinar, given their high relative reserve position, will ensure that the dinar will become one of the strongest currencies in the world. [post 1 of 3….stay tuned]
______________________________________________________________
Maliki afraid of his trial and the inauguration of the new governor of the capital to fuel the conflict between him and the Sadrists
Raged differences within the National Alliance, a Shiite ruler, after the dismissal of the former Baghdad Governor Ali al-Tamimi and the election Atwan Atwani substitute, where the former governor Ali al-Tamimi belongs to the Sadrist movement block free, while the new governor belongs to the bloc coalition of state law, led by Nuri al-Maliki, who began the liquidation of political opponents during his bloc in parliament, where he has managed in the last period of the dismissal of a number of ministers and officials in the government as a kind of revenge for the lack of support for the third term of the former Prime Minister, Vice President of the Republic the current Nouri al-Maliki, and the latest was the governor of Baghdad, Ali al-Tamimi, who formed his dismissal pivotal point in Shiite conflict within the House…
Adam Montana (Dinar Guru) – [adding to the previous question… what three 0 notes do you think they will want to take out of circulation? Do you think there is any chance they will not be taking the 5,000 note out of circulation?] My guess would be that the first to go will be the 25,000 and 10,000. Followed within 6 months (at most) by all the rest, to be replaced with the new issue. [post 2 of 2]
______________________________________________________________
Adam Montana (Dinar Guru) – [When they revalue it, no matter what number it goes to…Let’s say it’s .10 cents hypothetically. I think everyone pretty much agrees it will still rise from there. If that’s true, will they announce to the dinar holders that there is a certain amount of time to exchange yours? Or will that time limit be a mystery to everyone?] I do agree that it will rise, especially if they start it at $0.10…that said, it’s impossible to pinpoint which notes they will call in first, or how long they will allow the “old” notes to remain in circulation. Other countries that have re-denominated have used 90 days. I think it’s reasonable to think we can expect that much time, but there is no guarantee on that. [post 1 of 2….stay tuned]
______________________________________________________________
BGG (Dinar Guru) – Article: “Warnings of severe deterioration of the dinar after the appetite for dollar” This is an OP ED piece…Opinion of writer only…no guarantee of veracity… the big take-away for me was – the author points out a few things that are HISTORICALLY accurate – then says – IN ESSENCE, you can fix it all with currency reform. Quote: “…in addition to that some of the citizens and the owners of the money prefer the dollar for the dinar for easy transfer and retention of the fact that the money supply will be less, and that’s what we confirm it previously necessity currency project to delete the zeros of the three of the currency, which he can solve a lot of problems…” “...CAN – SOLVE – A – LOT – OF – PROBLEMS…” BOOM!
______________________________________________________________
IS leader Baghdadi abandons Mosul fight to field commanders, U.S. and Iraqi sources say
By Isabel Coles, John Walcott and Maher Chmaytelli | MOSUL, IRAQ/WASHINGTON
U.S. and Iraqi officials believe the leader of Islamic State, Abu Bakr al-Baghdadi, has left operational commanders behind with diehard followers to fight the battle of Mosul, and is now hiding out in the desert, focussing mainly on his own survival…
Loop (Dinar Guru) – “REACT controls on the main court of the organization and the Central Bank branch in Mosul” THEY RETAKE THE MOSUL BRANCH OF THE CBI AND THEY ARE READY TO ASSESS THE DAMAGES SO THEY CAN REPAIR IT AND OPEN THE DOORS.
______________________________________________________________
tlm724 (Dinar Guru) – Article: “Adviser at the Central Bank of Iraq overcome the financial crisis and will become the country’s foreign investment” Things are progressing nicely for Iraq. Stability is close at hand! IMO the currency reform is on the horizon. The CBI keeps on keeping on, making the needed adjustment to policy to make things right to go forward.
______________________________________________________________
Shredd (Dinar Guru) – Article: “Central Bank: the financial crisis behind us and the next few days are promising” Quote: “Iraq will become a country of foreign investment as a result of competing foreign international companies to invest in the reconstruction after the devastating cities recovered from Daesh.” This is a great reminder of the wealth Iraq has and the interest from foreign investment. “Iraq will become a country of foreign investment” — that is for sure and as note, that will become a huge part in the rebuilding of the country. In this same period of time, the stability that is sought by the CBI for their currency reform can then move forward. …this is not an “If” but a “When” regarding the legal tender, globally accepted dinar to become the primarily used currency of Iraq.The immense amount of progress in the banking and investment laws, the protections for investors, the banking customer vetting via KYC, the project to remove the zeros and so many more accomplishments all still stand. None of the progress the CBI and the GOI have made to mature from their past dictatorship have been repealed. Progress has been and continues to be forward.
______________________________________________________________
Islandg1211 (Dinar Guru) – Many of us were hoping that Trump would speed up the RV. He may not have done that, but rest assure he isn’t going to let it be delayed. He’s put pressure on getting rid of ISIS both in Mosul and in Raqqa. The RV needs, IMO, in this order: 1) Mosul (and then Raqqa) 2) National Reconciliation Law 3) Day of Celebration for getting rid of ISIS and coming together politically 4) HCL 5) RV with no announcement nor fanfare. Trump certainly could try to push a settlement politically quicker and get the RV done sooner. But, for right now, it looks to me like my prediction of mid-summer with my list of things getting done prior still stands. In January, I posted these same thoughts, and I don’t see anything new to amend my opinion on the RV date of mid-summer with a rate just above the USD, around $1.13 (the high end of the original Ernst and Young appraisal of the Dinar.)
______________________________________________________________
Kaperoni (Dinar Guru) – Article: “Central: financial sector management electronically end of 2017” Currency reform should start well before end of year IMO.
______________________________________________________________
MadDScout (Dinar Guru) – Article quote: “The local market has seen a marked decline in the dollar against the Iraqi dinar and by five thousand dinars to the category of $ 100.” “marked decline by five thousand dinars to the category of $ 100.” …what we are seeing is the measures by CBI recently put in place to bring the dinar street rate in line with the cbi rate even against a strong dollar. Today they received 30 billion in loan assistance…18 from imf and 12 from Great Britian.
______________________________________________________________
revbo (Dinar Guru) – Article: “Iraq forces advance into Mosul city” …the news is everywhere, this morning, that ISF has taken the second bridge, so they have at least secured the small district just to the west of the river, where the second bridge is, which gives them direct access to Old Mosul.
______________________________________________________________
Central bank: Iraq overcome the financial crisis and the coming days bode well
The Central Bank of Iraq adviser Walid Idi, that Iraq exceeded the financial crisis, pointing out that the coming days bode well.
He Idi said in a statement that the crisis austerity and fiscal deficit as a result of lower oil prices in the last period has ended, adding that, Iraq will become a country of foreign investment as a result of competing foreign international companies to invest in the reconstruction of liberated cities, and pointed Idi that the entry of foreign Iraq’s companies reflect a positive outlook It will contribute to attracting major countries to rebuild the liberated areas and the holding of joint agreements for investment as well as trade exchange and activate tourism and oil industry.
Loop (Dinar Guru) – to follow this comment up – the very next day they same thing happened again. The street rate for the Dinar got another 3k per 100 USD stronger… looking more and more like a trend. Monetary policy (in the real world) is tightening up…and I point this out because…the culmination of what we are wanting to see is being forecast by numerous other, smaller moves – this being one of them. Corruption, International agreement, financial mgmt procedures getting better, security and stability. All happening now.
______________________________________________________________
BGG (Dinar Guru) – Article: “Central bank: Iraq overcome the financial crisis and the coming days bode well” Quote: “…Iraq will become a country of foreign investment as a result of competing foreign international companies to invest in the reconstruction of liberated cities…” None of this can happen…without a serious shift in economic and currency policy. Just can’t happen. They are back to “forecasting” as they were in late 2016…this time – the timeline isn’t months or a part of the year…but it’s “days” in their own words…NOT weeks, months or years.
______________________________________________________________
Kaperoni (Dinar Guru) – Article: “Central: financial sector management electronically end of 2017” Quote: “...the current year will see in the fourth quarter sophisticated financially important is linking the banking sector…” This is a huge article! It appears to me that they are stating that this year they expect to open the banking system to the world. That freedom of movement and international transactions will begin. This to me, appears to be confirmation that during 2017 we will see the beginning of currency reform.
______________________________________________________________
Revbo (Dinar Guru) – Article: “Central Bank: the financial crisis behind us and the next few days are promising” Sounds like they want to get things moving pretty quickly after Mosul is over, and nobody’s coming in if they can’t get their money out.
______________________________________________________________
Phillyman (Dinar Guru) – Articles: “Iraqi command says a few meters close from Mosul government complex” “Iraqi forces control most of 2 western Mosul districts, pound Tal Afar” “Iraqi forces launch fresh push in western Mosul battle” “Iraqi forces near government buildings in Mosul as fight against ISIS continues” Obviously the timing of the Mosul operation being complete is all over the place but I wanted to put this quote from the first article here in case you missed it. This is the opinion of a Lt. General, Federal Police Chief: “He said the troops have become a few meters away from the government complex, adding that retaking that area could mean “a 80 percent strategic and moral victory in western Mosul battles”.
______________________________________________________________
Adam Montana (Dinar Guru) – I mentioned in my weekly…update that I’m getting a bit giddy right now. There’s a good reason for it! We are at a tipping point, and this is going to either make us some money, or we’re going to be walking away soon. Either way, I think all of us will be happy. Either we make out like bandits or we just say “we enjoyed the ride”, right?! Based on what I’m hearing from my people, I am leaning toward the bright side of it.
______________________________________________________________
Loop (Dinar Guru) – Quote: Article quote: “The local market has seen a marked decline in the dollar against the Iraqi dinar and by five thousand dinars to the category of $ 100.” marked decline by five thousand dinars to the category of $ 100. That is all it is saying.Not that the exchange rate 5000 dinar to 100 dollars. This is right in line with the CBI’s statement made on Wednesday. [so what does that mean…?] It means that the CBI has put a system into place that allows them…control of the stability of the dinar in the market place. This systems removes the middlemen and gives them end to end transparency for all transactions. This is exactly what the IMF wants them to do. Very important move on their part.
______________________________________________________________
Vision that the economic recovery in the post-Iraqi dinar
Economy News / Baghdad … The CBI has issued a press statement in which he explained that the slight decline in the dollar against the Aldenarabraghi it causes Alryise PROCEDURES AND ORGANIZATIONAL new used to regulate the sale of Currency window and curtail the role of middlemen and speculators as well as the commitment of the private banks and their cooperation with the Central Bank of cushions and the role played by the Association of Banks He urged the Iraqi special departments of banks on the need to support the orientations of the central bank at the service of the national economy and harnessing the potential of the private banks in the central purpose of which is to work on the recovery of the Iraqi dinar and raise its value and cash Acharayah against the dollar…
tman23 (Dinar Guru) – “Kurdistan region,— Masoud Barzani said the Iraqi Kurdistan Parliament and presidential elections will be held in September this year.” “There will be two elections in September: parliament and presidential,” Barzani said during an interview …I won’t be a candidate myself.” WHY IS THIS A FACTOR? TWO VERY POSITIVE SIGNS WITH ONE GLOWING IN NEON! AUGUST 2013 BARZANI CAME SPOKE OUT ON THE DINAR AND THE MENACING 3 ZEROS AND SAID HE WAS NOT LEAVING UNTIL THEY WERE LIFTED AND KURDISTAN COULD OPEN ITS ECONOMY…HE ALSO SAID HE WAS NOT LEAVING UNTIL KURDISTAN HAD ITS STATEHOOD…THE OPENING OF A FREE MARKET LEADS TO INDEPENDENCE…TOO MUCH GOING DOWN NOT TO THINK AGREEMENTS ARE READY TO SIGNED…NOT YOUR USUAL MEET FOR NATIONAL RECONCILIATION DISCUSSIONS OF THE PAST…i BELIEVE THEY MEET TO ANNOUNCE…AND SIGN…NOT NEGOTIATE!
______________________________________________________________
BGG (Dinar Guru) – Article: “Parliamentary Finance’s “approach” to postpone the project to delete the zeros until further notice” Quote: “…Finance Committee in the House of Representatives announced the postponement of the project to delete the zeros that was planned years ago to apply until further notice.” …that almost has the “smack” of her pointing out that this WAS PLANNED – then POSTPONED until further notice. Which is…accurate…they aren’t saying further notice isn’t tomorrow, next week or next month either. Why would they be “rehashing” a decision that was put off back in 2012 – right now? Over a concept that is DIRECTLY germane to their forward economic progress. In fact…it is a little weird this is coming out now – right near the end of Mosul… or in this “first part of 2017 timeframe” – why now? I think it’s obvious.
______________________________________________________________
Adam Montana (Dinar Guru) – …I have a couple of rumors that I’m holding onto. I had hoped to have a better confirmation on them before posting this… I do not have what I need in order to release it, so I’m sticking with my
original guesstimate of the rate. When I think about it, I hope I’m wrong and y’all are riding with me to a much higher rate! You don’t want to see $3.14 any more than I do! But I’m a realist, and that guides my logic on matters like this…Let’s move forward a few steps and talk about a ReValued dinar. I agree that a lower rate than the Kuwaiti Dinar will be a blow to the ego’s of the Iraqis. I agree that it should be on par with the USD, or even higher. I agree that the rate WILL get there… eventually. I believe that Iraq can sustain a very stable currency at a rate of $3 or higher, but I don’t think they will immediately jump to that rate even if they ultimately desire it to be so.
______________________________________________________________
1) Be sure you have actually joined and are a member. A while back we switched servers. When we did – the room may look the same but everything started over from scratch.
2) if you are using Google Chrome you might need to do this:
Click on the menu in the upper right hand corner of Chrome…
then go down to “Settings” > “show Advanced settings” (at the very bottom) > Then to the “Content settings” button > then click “Allow sites to run Flash” – should be good to go.
This is some recent update to Chrome – nothing we did.
3) in that same area I had to go to the Pop-ups box (right below the one above) and check the box to allow pop-ups. If you only want to allow pop-ups on the chat room, you can. There is a dialog box right below where you can add the Dinar Updates Chat Room web address to the box – it will allow the Chat Room to “pop-up”…
Blocked pop-ups is a big reason there are chat room error. You might have to all an exception – for instance, on Firefox.
Hope this helps.
All of the above applies to Desk top/Lap top access only.
If you would like to access the Chat Room via a Smart Phone:
We have recently installed the Mobile plug-in so the Chat Room is Mobile access ready
However, you will need a flash player compatible browser. The recommended browser is Puffin (free version) – you can download it from the Google Play Store in about 2 minutes.
It is a very fast browser – Easy to use. My new favorite mobile browser. I just took Chrome off my Mobile Home Screens – it’s not even close.
We have also added several big, easy to find Mobile Chat Links to the site at the top of the Forum athttp://www.DinarUpdates.com
And there is one near the top – also in the content (so it is easy to find on a Smart Phone) on The OBSERVER– https://dinarupdates.com/observer/
Our forces cleansed 90 percent of the old city
BAGHDAD / MOSUL / morning – Going liberalization of Mosul operations accelerated paces against the remnants of the collapse of Daesh gangs that have become besieged from all sides in a tight angle after surging yesterday achieve our new victories cleared strategic targets in the heart of Mosul Coast right hand and Badush.
Keeping the bank of the Tigris
It boycotted the recent operations north of the right coast of the statement of the cell media war commander operations (coming, Nineveh), Lt. Gen. Abdul Amir Rasheed Aarallah, saying that pieces of the band 16 completed yesterday afternoon edit all villages and areas east of hand Badush (20 km northwest Mosul) after clearing the village of aesthetic and thus imposed full control on the eastern edge of the Tigris River, explaining that the band freed am Sheikh Mohammed village east side and raised the Iraqi flag over the buildings after the enemy to inflict loss of life Aldaasha and equipment….
Loop (Dinar Guru) – Article quote: “today we move from a centralized economy to a market economy” Who is saying this? Dr. Mohammed Saleh economic advisor to Prime Minister al – Abadi! BOOM! …moving to a true market economy would have to include an internationally recognized currency. Market Economy = Free Market Economy. There are currently 180 countries that are ranked from Free to Restricted. Iraq is not listed. Of the 180 list countries how many of them have a currency that is internationally recognized? All of them. So do you think it is reasonable to theorize that given Saleh’s quote “today we move from a centralized economy to a market economy” that with Iraq’s move to some form of a market economy that the IQD will have to be internationally recognized as well? I DO!
______________________________________________________________
Follow us on twitter @DinarUpdates !!
Dinar Updates – “NEWS TIME” w/MadDScout & the DU FB Crew – Mar 16th 6:30pm CST – In the DU CHAT Room!!
BGG (Dinar Guru) –These days – throw a rock in any direction and you hit a STUNNING NEWS PIECE. “They” have pretty much showed us the outline…and it’s being worked out now. Let’s hope they get the reform projects started soon. Because the beginning of the Iraq currency reform is when your life changes.
______________________________________________________________
Kaperoni (Dinar Guru) – Article: “Zain launches Cash trading platform to stimulate entrepreneurs Iraqis to turn their ideas into innovative reality“Iraq is going from the stone age to the state of the art very quickly. This is important for sure an they move away from a closed banking system to one that engages with the global financial system. IMO, this will support and encourage the rapid growth of a private sector/market economy.
______________________________________________________________
BGG (Dinar Guru) – [Why would it be logical for Iraq’s RVed rate to come out lower than Kuwait’s current rate when Iraq has so much more oil (and other resources) thank does Kuwait?] Logical – except oil resources and prices have zero to do with currency valuation – according to the IMF… Further – since the very definition of “currency” is a “promissary note” on the economy of a country. Truthfully – it’s going to be what the world – ie, IMF, UN, WB wants it to be…since…each currency is limited by boundaries of acceptance. In Iraq’s case – it is not internationally traded and therefore not accepted. …is this on the horizon – it sure looks promising… however, Iraq could “price” their currency at whatever they want… without international acceptance and support – who would buy it?
______________________________________________________________
The Dinar Round Table Call!! “with the whole DU Crew” from Tues nite – Mar 14th Click-N-Listen!!
BGG (Dinar Guru) – Articles: “Mosul .. Iraqi forces predict the ‘big wins’ within hours” “Mosul war will end very soon .. and Abadi called on Iraqis in Germany to return to their homeland” “Jubouri Macgork: Today suitable conditions for a comprehensive national reconciliation” So there are a few juicy headlines… I am still amazed at everything going on over there – and people still (as late as last nite) e-mail me boo hooing about how it hasn’t happened yet. I just comment on it – the mass of incredible news is just stunning. Iraq is moving forward with great speed. [We haven’t had any formal news from the CBI over the last few weeks about the delete the zeroes program, are you still of the impression that they are going to go ahead once Mosul is finished?] I can only go by their most recent commentary – all looks good from what they have said. Once this security “check box” is filled – we’ll have to see what they do.
______________________________________________________________
Economic Adviser to the Prime Minister: any country linked to terrorism must be written off debts and in 2022 we will be the biggest payment
BAGHDAD / tomorrow Press: After Greece ‘s financial crisis and what is passing through Jordan today ‘s economic crises feel the Iraqi people who have multiplied and multiplied his government loans scared, Dr. appearance of Mohammed Saleh economic advisor to Prime Minister al – Abadi spoke about the Iraqi debt in detail in this dialogue, and pointed to the accumulation of past debt and current debt, benefits and how to repaid warning in 2022 , which will be the largest payment , according to his description…
Phillyman (Dinar Guru) – I’m hoping that behind the scenes there is alot going on that we are clueless about to keep Iraq going in the right direction.It is hard to imagine that so many countries would pour so many resources into Iraq without being pretty certain of it paying off.
______________________________________________________________
tman23 (Dinar Guru) – Post Mosul…What does the Iraqi government have to offer the citizen? What immediate services can the GOI provide? IMO…THE HEADS OF IRAQ MUST DAZZLE THEIR PEOPLE WITH SOMETHING MORE THAN TALK ABOUT A GREAT FUTURE…IT’S TANGIBLE TIME, SOMETHING THEY CAN PUT THEIR HANDS ON… Abadi promised them all a raise retro active back a full year when he became the PM…Never knew where the $$$ was coming from then… The people do not believe in their government or their country. IMF says on their website that a countries currency can have a major psychological affect on it’s citizens…We shall see !!
______________________________________________________________
tman23 (Dinar Guru) – Article quote: “WASHINGTON,— U.S. Secretary of State Rex Tillerson met with Iraqi Oil Minister Jabbar al-Luaibi at the State Department on Friday.” SOME SERIOUS PLANNING GOING ON...OIL MAN TILLERSON MEETING WITH Al-Luaibi…THE CALL FOR ABADI TO GET TO WASHINGTON AHEAD OF SCHEDULED DATE…IMF MEETING TAKING PLACE WITH IRAQ…THEY HAVE A PLAN ROLLING OUT…LETS JUST HOPE IT INCLUDES US AND 3 ZEROS.
______________________________________________________________
Enorrste (Dinar Guru) – It is natural for those of us who have been in this game a long time (over 10 years for me) to get frustrated now and then. I am confident that we will make a significant profit within a reasonable period of time. I am 68, so that “reasonable period” isn’t that long!
______________________________________________________________
tman23 (Dinar Guru) – Post Mosul…What does the Iraqi government have to offer the citizen? What immediate services can the GOI provide? IMO…THE HEADS OF IRAQ MUST DAZZLE THEIR PEOPLE WITH SOMETHING MORE THAN TALK ABOUT A GREAT FUTURE…IT’S TANGIBLE TIME, SOMETHING THEY CAN PUT THEIR HANDS ON… Abadi promised them all a raise retro active back a full year when he became the PM…Never knew where the $$$ was coming from then… The people do not believe in their government or their country. IMF says on their website that a countries currency can have a major pyscological affect on it’s citizens…We shall see !!
______________________________________________________________
Mosul .. Iraqi forces predict the ‘big wins’ within hours
Spokesman for the Iraqi joint operations Yahya said Messenger Saturday that “the coming hours” could see a “great victories” of Iraqi forces on Daesh fighters in Mosul, pointing out that the liberalization of the west coast of the entire city is near…
BGG (Dinar Guru) – Anyone recall how many days it’s been since the CBI website went without updating the daily rate? [They went from January 4th up until a couple days ago, so like 45 business days or so.] Kinda’ weird how they just started updating the CBI website again – after something over 45 days? Wow? No change in status – of course…just really weird.
______________________________________________________________
tman23 (Dinar Guru) – HOLD ON TO YOUR SEAT… “WASHINGTON,— U.S. Secretary of State Rex Tillerson met with Iraqi Oil Minister Jabbar al-Luaibi at the State Department on Friday. Al-Luaibi did not comment on questions from reporters about U.S. oil investment in Iraq.” “Mr. Minister, are there plans to expand U.S. oil investment in Iraq?” one reporter asked. Tillerson extended a handshake to the minister and said, “welcome.” Reporters were then quickly escorted from the room.” AND THEN… “Iraqi Prime Minister Haider al-Abadi has expressed a willingness to make a visit to Washington ahead of an earlier date, which had been set for the week of March 19...” KABOOM! The reschedule comes at the request of the White House…ABADI GOING TO WASHINGTON EARLIER THAN SCHEDULED.
______________________________________________________________
Kaperoni (Dinar Guru) – Article: “Central: financial sector management electronically end of 2017” …one of the reasons the dinar will rise gradually is that the CBI can profit as it rises.The buy/sell of the dinar creates commissions. It is those commissions that will replace the revenue the CBI seeks when it ends the daily auctions.
______________________________________________________________
MadDScout (Dinar Guru) – [...if the budget is starting to be opened, will they be opening it with the new rate?] Rate is something subject to conditions needing to be met not something already in the budget.
______________________________________________________________
Kaperoni (Dinar Guru) – Article: “The appearance of Mohammed Saleh: the central bank has a big role to emerge from the financial crisis for the country” There is no private sector without opening the banking system to the world. Simple as that.
______________________________________________________________
BGG (Dinar Guru) –[how is investment?] The investment is doing just fine – glad to be in it. No need for “secret intel” sources. This is getting good. Alak (that would be the Gov of the CBI) and Abadi (that would be the Prime Minister of Iraq) were both “forecasting” the start of economic and financial reform as soon as ISIS was defeated in Mosul – they were believing this would have happened in Jan – Feb…BUT… their optimism is still real – “first part of 2017” is still accurate – this appears to be a foregone conclusion, ISIS gone – MR started. So – we’re good…and appears to be happening as we speak...
______________________________________________________________
Mohammed Saleh: The central bank has a big role to emerge from the financial crisis for the country
Economy News / Baghdad … Set up the House of Wisdom Department of Economic Studies panel scientific symposium, Thursday, on the implementation of private sector development in Iraq strategy requirements (2014 2030)
The seminar was attended by Dr. appearance of Mohammed Saleh financial advisor to the prime minister and professor Samir Nasiri, an economist and banking and a number of economists and bankers*
And Dr. appearance of Mohammed Saleh during the symposium on how strategic economic implement and apply them to the ground adding that the private sector is the backbone of the Iraqi economy and millions of citizens working within the private sector, calling out the importance of getting rid of the market gap through public sector cooperation and private in order to create a large market…
Enorrste (Dinar Guru) –The result, of course, will be an enormous upward pressure on the value of the dinar as new investment money comes into the country. You can rest assured that most of the “Fortune 500” companies in America, not to mention others around the world, will want to “stake their claim” in this market as soon as the proper conditions permit. That time frame has been given in this article: sometime in the fourth quarter of this year. I expect the float to begin late in the third quarter or early in the fourth quarter. I expect the money supply to fall with the rise in value of the dinar. Then I expect a cascading effect as more and more new money floods into Iraq for investment, thus putting even more upward pressure on the dinar value. Within two or three years we should see a world reserve currency emerge and be poised to take our profits. [post 3 of 3]
______________________________________________________________
Enorrste (Dinar Guru) – The next phrase that struck me is “the adoption of advanced banking technologies adopted by the biggest banks in the world.” This phrase emphasizes…that this article is clearly stating that Iraq will be opening the dinar to the world market by the end of this year. Following along with that…is that this will only happen if they also float the currency. This is where our investment will begin to pay off for us all. …this will have to be at least initiated prior to the end of this year. It is a process that will take some time to implement. It will be imperative that the CBI get the money out of the mattresses before allowing the value to rise too high in order to avoid serious inflation. This brings me to the last great phrase. That phrase is “the entry of active cooperation with the world’s largest companies.” Once this new high-tech banking system is in place we will see the “Wild West” that KAP [Guru Kaperoni] and I have described many times over the years begin to occur. Investors all over the world, and in particular “the world’s largest companies,” will leap at the chance to enter into this essentially untapped market. The guarantees (insurance) and electronic security provided by a state-of-the-art banking system akin to that used by the most advanced countries in the world will be a huge magnet for these mega-companies to get their feet wet in the Iraqi market. [post 2 of 3….stay tuned]
______________________________________________________________
Enorrste (Dinar Guru) – Article: “Central: financial sector management electronically end of 2017” There are four phrases in this article that got me excited…The first is the phrase “in the best world systems.” What this means is that the IMF is bypassing older and more traditional methods of change and are instead moving Iraq to the “front of the line” in terms of technological development. This is consistent with Saleh’s statement made years ago that the dinar would become a “world reserve currency.” When your banking system is among the world’s best that means that you are poised to move directly into the world foreign currency exchange market. But the next phrase is where Saleh’s statement about the dinar become a world reserve currency gains some credence. That phrase is “helps to pull the money supply of homes to the banking sector.” We have read over the years that this is a major concern, namely, how do we get people in Iraq to pull their dinars out of their mattresses and put them into the banking system? It seems evident from this phrase that this is intended to do just that. Now, the connection to Saleh’s prediction about the dinar becoming a world reserve currency is that as these dinars come out of the mattresses and into the banks they can be destroyed by the CBI, thus lowering the overall money supply, allowing the value of the dinar to rise. The rising value of the dinar, given their high relative reserve position, will ensure that the dinar will become one of the strongest currencies in the world. [post 1 of 3….stay tuned]
______________________________________________________________
Maliki afraid of his trial and the inauguration of the new governor of the capital to fuel the conflict between him and the Sadrists
Raged differences within the National Alliance, a Shiite ruler, after the dismissal of the former Baghdad Governor Ali al-Tamimi and the election Atwan Atwani substitute, where the former governor Ali al-Tamimi belongs to the Sadrist movement block free, while the new governor belongs to the bloc coalition of state law, led by Nuri al-Maliki, who began the liquidation of political opponents during his bloc in parliament, where he has managed in the last period of the dismissal of a number of ministers and officials in the government as a kind of revenge for the lack of support for the third term of the former Prime Minister, Vice President of the Republic the current Nouri al-Maliki, and the latest was the governor of Baghdad, Ali al-Tamimi, who formed his dismissal pivotal point in Shiite conflict within the House…
Adam Montana (Dinar Guru) – [adding to the previous question… what three 0 notes do you think they will want to take out of circulation? Do you think there is any chance they will not be taking the 5,000 note out of circulation?] My guess would be that the first to go will be the 25,000 and 10,000. Followed within 6 months (at most) by all the rest, to be replaced with the new issue. [post 2 of 2]
______________________________________________________________
Adam Montana (Dinar Guru) – [When they revalue it, no matter what number it goes to…Let’s say it’s .10 cents hypothetically. I think everyone pretty much agrees it will still rise from there. If that’s true, will they announce to the dinar holders that there is a certain amount of time to exchange yours? Or will that time limit be a mystery to everyone?] I do agree that it will rise, especially if they start it at $0.10…that said, it’s impossible to pinpoint which notes they will call in first, or how long they will allow the “old” notes to remain in circulation. Other countries that have re-denominated have used 90 days. I think it’s reasonable to think we can expect that much time, but there is no guarantee on that. [post 1 of 2….stay tuned]
______________________________________________________________
BGG (Dinar Guru) – Article: “Warnings of severe deterioration of the dinar after the appetite for dollar” This is an OP ED piece…Opinion of writer only…no guarantee of veracity… the big take-away for me was – the author points out a few things that are HISTORICALLY accurate – then says – IN ESSENCE, you can fix it all with currency reform. Quote: “…in addition to that some of the citizens and the owners of the money prefer the dollar for the dinar for easy transfer and retention of the fact that the money supply will be less, and that’s what we confirm it previously necessity currency project to delete the zeros of the three of the currency, which he can solve a lot of problems…” “...CAN – SOLVE – A – LOT – OF – PROBLEMS…” BOOM!
______________________________________________________________
IS leader Baghdadi abandons Mosul fight to field commanders, U.S. and Iraqi sources say
By Isabel Coles, John Walcott and Maher Chmaytelli | MOSUL, IRAQ/WASHINGTON
U.S. and Iraqi officials believe the leader of Islamic State, Abu Bakr al-Baghdadi, has left operational commanders behind with diehard followers to fight the battle of Mosul, and is now hiding out in the desert, focussing mainly on his own survival…
Loop (Dinar Guru) – “REACT controls on the main court of the organization and the Central Bank branch in Mosul” THEY RETAKE THE MOSUL BRANCH OF THE CBI AND THEY ARE READY TO ASSESS THE DAMAGES SO THEY CAN REPAIR IT AND OPEN THE DOORS.
______________________________________________________________
tlm724 (Dinar Guru) – Article: “Adviser at the Central Bank of Iraq overcome the financial crisis and will become the country’s foreign investment” Things are progressing nicely for Iraq. Stability is close at hand! IMO the currency reform is on the horizon. The CBI keeps on keeping on, making the needed adjustment to policy to make things right to go forward.
______________________________________________________________
Shredd (Dinar Guru) – Article: “Central Bank: the financial crisis behind us and the next few days are promising” Quote: “Iraq will become a country of foreign investment as a result of competing foreign international companies to invest in the reconstruction after the devastating cities recovered from Daesh.” This is a great reminder of the wealth Iraq has and the interest from foreign investment. “Iraq will become a country of foreign investment” — that is for sure and as note, that will become a huge part in the rebuilding of the country. In this same period of time, the stability that is sought by the CBI for their currency reform can then move forward. …this is not an “If” but a “When” regarding the legal tender, globally accepted dinar to become the primarily used currency of Iraq.The immense amount of progress in the banking and investment laws, the protections for investors, the banking customer vetting via KYC, the project to remove the zeros and so many more accomplishments all still stand. None of the progress the CBI and the GOI have made to mature from their past dictatorship have been repealed. Progress has been and continues to be forward.
______________________________________________________________
Islandg1211 (Dinar Guru) – Many of us were hoping that Trump would speed up the RV. He may not have done that, but rest assure he isn’t going to let it be delayed. He’s put pressure on getting rid of ISIS both in Mosul and in Raqqa. The RV needs, IMO, in this order: 1) Mosul (and then Raqqa) 2) National Reconciliation Law 3) Day of Celebration for getting rid of ISIS and coming together politically 4) HCL 5) RV with no announcement nor fanfare. Trump certainly could try to push a settlement politically quicker and get the RV done sooner. But, for right now, it looks to me like my prediction of mid-summer with my list of things getting done prior still stands. In January, I posted these same thoughts, and I don’t see anything new to amend my opinion on the RV date of mid-summer with a rate just above the USD, around $1.13 (the high end of the original Ernst and Young appraisal of the Dinar.)
______________________________________________________________
Kaperoni (Dinar Guru) – Article: “Central: financial sector management electronically end of 2017” Currency reform should start well before end of year IMO.
______________________________________________________________
MadDScout (Dinar Guru) – Article quote: “The local market has seen a marked decline in the dollar against the Iraqi dinar and by five thousand dinars to the category of $ 100.” “marked decline by five thousand dinars to the category of $ 100.” …what we are seeing is the measures by CBI recently put in place to bring the dinar street rate in line with the cbi rate even against a strong dollar. Today they received 30 billion in loan assistance…18 from imf and 12 from Great Britian.
______________________________________________________________
revbo (Dinar Guru) – Article: “Iraq forces advance into Mosul city” …the news is everywhere, this morning, that ISF has taken the second bridge, so they have at least secured the small district just to the west of the river, where the second bridge is, which gives them direct access to Old Mosul.
______________________________________________________________
Central bank: Iraq overcome the financial crisis and the coming days bode well
The Central Bank of Iraq adviser Walid Idi, that Iraq exceeded the financial crisis, pointing out that the coming days bode well.
He Idi said in a statement that the crisis austerity and fiscal deficit as a result of lower oil prices in the last period has ended, adding that, Iraq will become a country of foreign investment as a result of competing foreign international companies to invest in the reconstruction of liberated cities, and pointed Idi that the entry of foreign Iraq’s companies reflect a positive outlook It will contribute to attracting major countries to rebuild the liberated areas and the holding of joint agreements for investment as well as trade exchange and activate tourism and oil industry.
Loop (Dinar Guru) – to follow this comment up – the very next day they same thing happened again. The street rate for the Dinar got another 3k per 100 USD stronger… looking more and more like a trend. Monetary policy (in the real world) is tightening up…and I point this out because…the culmination of what we are wanting to see is being forecast by numerous other, smaller moves – this being one of them. Corruption, International agreement, financial mgmt procedures getting better, security and stability. All happening now.
______________________________________________________________
BGG (Dinar Guru) – Article: “Central bank: Iraq overcome the financial crisis and the coming days bode well” Quote: “…Iraq will become a country of foreign investment as a result of competing foreign international companies to invest in the reconstruction of liberated cities…” None of this can happen…without a serious shift in economic and currency policy. Just can’t happen. They are back to “forecasting” as they were in late 2016…this time – the timeline isn’t months or a part of the year…but it’s “days” in their own words…NOT weeks, months or years.
______________________________________________________________
Kaperoni (Dinar Guru) – Article: “Central: financial sector management electronically end of 2017” Quote: “...the current year will see in the fourth quarter sophisticated financially important is linking the banking sector…” This is a huge article! It appears to me that they are stating that this year they expect to open the banking system to the world. That freedom of movement and international transactions will begin. This to me, appears to be confirmation that during 2017 we will see the beginning of currency reform.
______________________________________________________________
Revbo (Dinar Guru) – Article: “Central Bank: the financial crisis behind us and the next few days are promising” Sounds like they want to get things moving pretty quickly after Mosul is over, and nobody’s coming in if they can’t get their money out.
______________________________________________________________
Phillyman (Dinar Guru) – Articles: “Iraqi command says a few meters close from Mosul government complex” “Iraqi forces control most of 2 western Mosul districts, pound Tal Afar” “Iraqi forces launch fresh push in western Mosul battle” “Iraqi forces near government buildings in Mosul as fight against ISIS continues” Obviously the timing of the Mosul operation being complete is all over the place but I wanted to put this quote from the first article here in case you missed it. This is the opinion of a Lt. General, Federal Police Chief: “He said the troops have become a few meters away from the government complex, adding that retaking that area could mean “a 80 percent strategic and moral victory in western Mosul battles”.
______________________________________________________________
Adam Montana (Dinar Guru) – I mentioned in my weekly…update that I’m getting a bit giddy right now. There’s a good reason for it! We are at a tipping point, and this is going to either make us some money, or we’re going to be walking away soon. Either way, I think all of us will be happy. Either we make out like bandits or we just say “we enjoyed the ride”, right?! Based on what I’m hearing from my people, I am leaning toward the bright side of it.
______________________________________________________________
Loop (Dinar Guru) – Quote: Article quote: “The local market has seen a marked decline in the dollar against the Iraqi dinar and by five thousand dinars to the category of $ 100.” marked decline by five thousand dinars to the category of $ 100. That is all it is saying.Not that the exchange rate 5000 dinar to 100 dollars. This is right in line with the CBI’s statement made on Wednesday. [so what does that mean…?] It means that the CBI has put a system into place that allows them…control of the stability of the dinar in the market place. This systems removes the middlemen and gives them end to end transparency for all transactions. This is exactly what the IMF wants them to do. Very important move on their part.
______________________________________________________________
Vision that the economic recovery in the post-Iraqi dinar
Economy News / Baghdad … The CBI has issued a press statement in which he explained that the slight decline in the dollar against the Aldenarabraghi it causes Alryise PROCEDURES AND ORGANIZATIONAL new used to regulate the sale of Currency window and curtail the role of middlemen and speculators as well as the commitment of the private banks and their cooperation with the Central Bank of cushions and the role played by the Association of Banks He urged the Iraqi special departments of banks on the need to support the orientations of the central bank at the service of the national economy and harnessing the potential of the private banks in the central purpose of which is to work on the recovery of the Iraqi dinar and raise its value and cash Acharayah against the dollar…
tman23 (Dinar Guru) – “Kurdistan region,— Masoud Barzani said the Iraqi Kurdistan Parliament and presidential elections will be held in September this year.” “There will be two elections in September: parliament and presidential,” Barzani said during an interview …I won’t be a candidate myself.” WHY IS THIS A FACTOR? TWO VERY POSITIVE SIGNS WITH ONE GLOWING IN NEON! AUGUST 2013 BARZANI CAME SPOKE OUT ON THE DINAR AND THE MENACING 3 ZEROS AND SAID HE WAS NOT LEAVING UNTIL THEY WERE LIFTED AND KURDISTAN COULD OPEN ITS ECONOMY…HE ALSO SAID HE WAS NOT LEAVING UNTIL KURDISTAN HAD ITS STATEHOOD…THE OPENING OF A FREE MARKET LEADS TO INDEPENDENCE…TOO MUCH GOING DOWN NOT TO THINK AGREEMENTS ARE READY TO SIGNED…NOT YOUR USUAL MEET FOR NATIONAL RECONCILIATION DISCUSSIONS OF THE PAST…i BELIEVE THEY MEET TO ANNOUNCE…AND SIGN…NOT NEGOTIATE!
______________________________________________________________
BGG (Dinar Guru) – Article: “Parliamentary Finance’s “approach” to postpone the project to delete the zeros until further notice” Quote: “…Finance Committee in the House of Representatives announced the postponement of the project to delete the zeros that was planned years ago to apply until further notice.” …that almost has the “smack” of her pointing out that this WAS PLANNED – then POSTPONED until further notice. Which is…accurate…they aren’t saying further notice isn’t tomorrow, next week or next month either. Why would they be “rehashing” a decision that was put off back in 2012 – right now? Over a concept that is DIRECTLY germane to their forward economic progress. In fact…it is a little weird this is coming out now – right near the end of Mosul… or in this “first part of 2017 timeframe” – why now? I think it’s obvious.
______________________________________________________________
Adam Montana (Dinar Guru) – …I have a couple of rumors that I’m holding onto. I had hoped to have a better confirmation on them before posting this… I do not have what I need in order to release it, so I’m sticking with my
original guesstimate of the rate. When I think about it, I hope I’m wrong and y’all are riding with me to a much higher rate! You don’t want to see $3.14 any more than I do! But I’m a realist, and that guides my logic on matters like this…Let’s move forward a few steps and talk about a ReValued dinar. I agree that a lower rate than the Kuwaiti Dinar will be a blow to the ego’s of the Iraqis. I agree that it should be on par with the USD, or even higher. I agree that the rate WILL get there… eventually. I believe that Iraq can sustain a very stable currency at a rate of $3 or higher, but I don’t think they will immediately jump to that rate even if they ultimately desire it to be so.
______________________________________________________________
Economic Adviser to the Prime Minister: any country linked to terrorism must be written off debts and in 2022 we will be the biggest payment
BAGHDAD / tomorrow Press: After Greece ‘s financial crisis and what is passing through Jordan today ‘s economic crises feel the Iraqi people who have multiplied and multiplied his government loans scared, Dr. appearance of Mohammed Saleh economic advisor to Prime Minister al – Abadi spoke about the Iraqi debt in detail in this dialogue, and pointed to the accumulation of past debt and current debt, benefits and how to repaid warning in 2022 , which will be the largest payment , according to his description…
Loop (Dinar Guru) – Article quote: “today we move from a centralized economy to a market economy” Who is saying this? Dr. Mohammed Saleh economic advisor to Prime Minister al – Abadi! BOOM! …moving to a true market economy would have to include an internationally recognized currency. Market Economy = Free Market Economy. There are currently 180 countries that are ranked from Free to Restricted. Iraq is not listed. Of the 180 list countries how many of them have a currency that is internationally recognized? All of them. So do you think it is reasonable to theorize that given Saleh’s quote “today we move from a centralized economy to a market economy” that with Iraq’s move to some form of a market economy that the IQD will have to be internationally recognized as well? I DO!
______________________________________________________________
A Dinar Round Table Call – Tonite!! “with the whole DU Crew” from Tues nite – Mar 14th Click-N-Listen!!
BGG (Dinar Guru) –These days – throw a rock in any direction and you hit a STUNNING NEWS PIECE. “They” have pretty much showed us the outline…and it’s being worked out now. Let’s hope they get the reform projects started soon. Because the beginning of the Iraq currency reform is when your life changes.
______________________________________________________________
Kaperoni (Dinar Guru) – Article: “Zain launches Cash trading platform to stimulate entrepreneurs Iraqis to turn their ideas into innovative reality“Iraq is going from the stone age to the state of the art very quickly. This is important for sure an they move away from a closed banking system to one that engages with the global financial system. IMO, this will support and encourage the rapid growth of a private sector/market economy.
______________________________________________________________
BGG (Dinar Guru) – [Why would it be logical for Iraq’s RVed rate to come out lower than Kuwait’s current rate when Iraq has so much more oil (and other resources) thank does Kuwait?] Logical – except oil resources and prices have zero to do with currency valuation – according to the IMF… Further – since the very definition of “currency” is a “promissary note” on the economy of a country. Truthfully – it’s going to be what the world – ie, IMF, UN, WB wants it to be…since…each currency is limited by boundaries of acceptance. In Iraq’s case – it is not internationally traded and therefore not accepted. …is this on the horizon – it sure looks promising… however, Iraq could “price” their currency at whatever they want… without international acceptance and support – who would buy it?
______________________________________________________________
Click this link to join the DU “private” FaceBook Group…
BGG (Dinar Guru) – Articles: “Mosul .. Iraqi forces predict the ‘big wins’ within hours” “Mosul war will end very soon .. and Abadi called on Iraqis in Germany to return to their homeland” “Jubouri Macgork: Today suitable conditions for a comprehensive national reconciliation” So there are a few juicy headlines… I am still amazed at everything going on over there – and people still (as late as last nite) e-mail me boo hooing about how it hasn’t happened yet. I just comment on it – the mass of incredible news is just stunning. Iraq is moving forward with great speed. [We haven’t had any formal news from the CBI over the last few weeks about the delete the zeroes program, are you still of the impression that they are going to go ahead once Mosul is finished?] I can only go by their most recent commentary – all looks good from what they have said. Once this security “check box” is filled – we’ll have to see what they do.
______________________________________________________________
Phillyman (Dinar Guru) – I’m hoping that behind the scenes there is alot going on that we are clueless about to keep Iraq going in the right direction.It is hard to imagine that so many countries would pour so many resources into Iraq without being pretty certain of it paying off.
______________________________________________________________
tman23 (Dinar Guru) – Post Mosul…What does the Iraqi government have to offer the citizen? What immediate services can the GOI provide? IMO…THE HEADS OF IRAQ MUST DAZZLE THEIR PEOPLE WITH SOMETHING MORE THAN TALK ABOUT A GREAT FUTURE…IT’S TANGIBLE TIME, SOMETHING THEY CAN PUT THEIR HANDS ON… Abadi promised them all a raise retro active back a full year when he became the PM…Never knew where the $$$ was coming from then… The people do not believe in their government or their country. IMF says on their website that a countries currency can have a major psychological affect on it’s citizens…We shall see !!
______________________________________________________________
Mosul .. Iraqi forces predict the ‘big wins’ within hours
Spokesman for the Iraqi joint operations Yahya said Messenger Saturday that “the coming hours” could see a “great victories” of Iraqi forces on Daesh fighters in Mosul, pointing out that the liberalization of the west coast of the entire city is near…
tman23 (Dinar Guru) – Article quote: “WASHINGTON,— U.S. Secretary of State Rex Tillerson met with Iraqi Oil Minister Jabbar al-Luaibi at the State Department on Friday.” SOME SERIOUS PLANNING GOING ON...OIL MAN TILLERSON MEETING WITH Al-Luaibi…THE CALL FOR ABADI TO GET TO WASHINGTON AHEAD OF SCHEDULED DATE…IMF MEETING TAKING PLACE WITH IRAQ…THEY HAVE A PLAN ROLLING OUT…LETS JUST HOPE IT INCLUDES US AND 3 ZEROS.
______________________________________________________________
Enorrste (Dinar Guru) – It is natural for those of us who have been in this game a long time (over 10 years for me) to get frustrated now and then. I am confident that we will make a significant profit within a reasonable period of time. I am 68, so that “reasonable period” isn’t that long!
______________________________________________________________
tman23 (Dinar Guru) – Post Mosul…What does the Iraqi government have to offer the citizen? What immediate services can the GOI provide? IMO…THE HEADS OF IRAQ MUST DAZZLE THEIR PEOPLE WITH SOMETHING MORE THAN TALK ABOUT A GREAT FUTURE…IT’S TANGIBLE TIME, SOMETHING THEY CAN PUT THEIR HANDS ON… Abadi promised them all a raise retro active back a full year when he became the PM…Never knew where the $$$ was coming from then… The people do not believe in their government or their country. IMF says on their website that a countries currency can have a major pyscological affect on it’s citizens…We shall see !!
______________________________________________________________
Follow us on twitter @DinarUpdates !!
Dinar Updates – “NEWS TIME” w/MadDScout & the DU FB Crew – Mar 16th 6:30pm CST – In the DU CHAT Room!!
BGG (Dinar Guru) – Anyone recall how many days it’s been since the CBI website went without updating the daily rate? [They went from January 4th up until a couple days ago, so like 45 business days or so.] Kinda’ weird how they just started updating the CBI website again – after something over 45 days? Wow? No change in status – of course…just really weird.
______________________________________________________________
tman23 (Dinar Guru) – HOLD ON TO YOUR SEAT… “WASHINGTON,— U.S. Secretary of State Rex Tillerson met with Iraqi Oil Minister Jabbar al-Luaibi at the State Department on Friday. Al-Luaibi did not comment on questions from reporters about U.S. oil investment in Iraq.” “Mr. Minister, are there plans to expand U.S. oil investment in Iraq?” one reporter asked. Tillerson extended a handshake to the minister and said, “welcome.” Reporters were then quickly escorted from the room.” AND THEN… “Iraqi Prime Minister Haider al-Abadi has expressed a willingness to make a visit to Washington ahead of an earlier date, which had been set for the week of March 19...” KABOOM! The reschedule comes at the request of the White House…ABADI GOING TO WASHINGTON EARLIER THAN SCHEDULED.
______________________________________________________________
Kaperoni (Dinar Guru) – Article: “Central: financial sector management electronically end of 2017” …one of the reasons the dinar will rise gradually is that the CBI can profit as it rises.The buy/sell of the dinar creates commissions. It is those commissions that will replace the revenue the CBI seeks when it ends the daily auctions.
______________________________________________________________
MadDScout (Dinar Guru) – [...if the budget is starting to be opened, will they be opening it with the new rate?] Rate is something subject to conditions needing to be met not something already in the budget.
______________________________________________________________
Kaperoni (Dinar Guru) – Article: “The appearance of Mohammed Saleh: the central bank has a big role to emerge from the financial crisis for the country” There is no private sector without opening the banking system to the world. Simple as that.
______________________________________________________________
BGG (Dinar Guru) –[how is investment?] The investment is doing just fine – glad to be in it. No need for “secret intel” sources. This is getting good. Alak (that would be the Gov of the CBI) and Abadi (that would be the Prime Minister of Iraq) were both “forecasting” the start of economic and financial reform as soon as ISIS was defeated in Mosul – they were believing this would have happened in Jan – Feb…BUT… their optimism is still real – “first part of 2017” is still accurate – this appears to be a foregone conclusion, ISIS gone – MR started. So – we’re good…and appears to be happening as we speak...
______________________________________________________________
Mohammed Saleh: The central bank has a big role to emerge from the financial crisis for the country
Economy News / Baghdad … Set up the House of Wisdom Department of Economic Studies panel scientific symposium, Thursday, on the implementation of private sector development in Iraq strategy requirements (2014 2030)
The seminar was attended by Dr. appearance of Mohammed Saleh financial advisor to the prime minister and professor Samir Nasiri, an economist and banking and a number of economists and bankers*
And Dr. appearance of Mohammed Saleh during the symposium on how strategic economic implement and apply them to the ground adding that the private sector is the backbone of the Iraqi economy and millions of citizens working within the private sector, calling out the importance of getting rid of the market gap through public sector cooperation and private in order to create a large market…
Enorrste (Dinar Guru) –The result, of course, will be an enormous upward pressure on the value of the dinar as new investment money comes into the country. You can rest assured that most of the “Fortune 500” companies in America, not to mention others around the world, will want to “stake their claim” in this market as soon as the proper conditions permit. That time frame has been given in this article: sometime in the fourth quarter of this year. I expect the float to begin late in the third quarter or early in the fourth quarter. I expect the money supply to fall with the rise in value of the dinar. Then I expect a cascading effect as more and more new money floods into Iraq for investment, thus putting even more upward pressure on the dinar value. Within two or three years we should see a world reserve currency emerge and be poised to take our profits. [post 3 of 3]
______________________________________________________________
Enorrste (Dinar Guru) – The next phrase that struck me is “the adoption of advanced banking technologies adopted by the biggest banks in the world.” This phrase emphasizes…that this article is clearly stating that Iraq will be opening the dinar to the world market by the end of this year. Following along with that…is that this will only happen if they also float the currency. This is where our investment will begin to pay off for us all. …this will have to be at least initiated prior to the end of this year. It is a process that will take some time to implement. It will be imperative that the CBI get the money out of the mattresses before allowing the value to rise too high in order to avoid serious inflation. This brings me to the last great phrase. That phrase is “the entry of active cooperation with the world’s largest companies.” Once this new high-tech banking system is in place we will see the “Wild West” that KAP [Guru Kaperoni] and I have described many times over the years begin to occur. Investors all over the world, and in particular “the world’s largest companies,” will leap at the chance to enter into this essentially untapped market. The guarantees (insurance) and electronic security provided by a state-of-the-art banking system akin to that used by the most advanced countries in the world will be a huge magnet for these mega-companies to get their feet wet in the Iraqi market. [post 2 of 3….stay tuned]
______________________________________________________________
Enorrste (Dinar Guru) – Article: “Central: financial sector management electronically end of 2017” There are four phrases in this article that got me excited…The first is the phrase “in the best world systems.” What this means is that the IMF is bypassing older and more traditional methods of change and are instead moving Iraq to the “front of the line” in terms of technological development. This is consistent with Saleh’s statement made years ago that the dinar would become a “world reserve currency.” When your banking system is among the world’s best that means that you are poised to move directly into the world foreign currency exchange market. But the next phrase is where Saleh’s statement about the dinar become a world reserve currency gains some credence. That phrase is “helps to pull the money supply of homes to the banking sector.” We have read over the years that this is a major concern, namely, how do we get people in Iraq to pull their dinars out of their mattresses and put them into the banking system? It seems evident from this phrase that this is intended to do just that. Now, the connection to Saleh’s prediction about the dinar becoming a world reserve currency is that as these dinars come out of the mattresses and into the banks they can be destroyed by the CBI, thus lowering the overall money supply, allowing the value of the dinar to rise. The rising value of the dinar, given their high relative reserve position, will ensure that the dinar will become one of the strongest currencies in the world. [post 1 of 3….stay tuned]
______________________________________________________________
Maliki afraid of his trial and the inauguration of the new governor of the capital to fuel the conflict between him and the Sadrists
Raged differences within the National Alliance, a Shiite ruler, after the dismissal of the former Baghdad Governor Ali al-Tamimi and the election Atwan Atwani substitute, where the former governor Ali al-Tamimi belongs to the Sadrist movement block free, while the new governor belongs to the bloc coalition of state law, led by Nuri al-Maliki, who began the liquidation of political opponents during his bloc in parliament, where he has managed in the last period of the dismissal of a number of ministers and officials in the government as a kind of revenge for the lack of support for the third term of the former Prime Minister, Vice President of the Republic the current Nouri al-Maliki, and the latest was the governor of Baghdad, Ali al-Tamimi, who formed his dismissal pivotal point in Shiite conflict within the House…
Adam Montana (Dinar Guru) – [adding to the previous question… what three 0 notes do you think they will want to take out of circulation? Do you think there is any chance they will not be taking the 5,000 note out of circulation?] My guess would be that the first to go will be the 25,000 and 10,000. Followed within 6 months (at most) by all the rest, to be replaced with the new issue. [post 2 of 2]
______________________________________________________________
Adam Montana (Dinar Guru) – [When they revalue it, no matter what number it goes to…Let’s say it’s .10 cents hypothetically. I think everyone pretty much agrees it will still rise from there. If that’s true, will they announce to the dinar holders that there is a certain amount of time to exchange yours? Or will that time limit be a mystery to everyone?] I do agree that it will rise, especially if they start it at $0.10…that said, it’s impossible to pinpoint which notes they will call in first, or how long they will allow the “old” notes to remain in circulation. Other countries that have re-denominated have used 90 days. I think it’s reasonable to think we can expect that much time, but there is no guarantee on that. [post 1 of 2….stay tuned]
______________________________________________________________
BGG (Dinar Guru) – Article: “Warnings of severe deterioration of the dinar after the appetite for dollar” This is an OP ED piece…Opinion of writer only…no guarantee of veracity… the big take-away for me was – the author points out a few things that are HISTORICALLY accurate – then says – IN ESSENCE, you can fix it all with currency reform. Quote: “…in addition to that some of the citizens and the owners of the money prefer the dollar for the dinar for easy transfer and retention of the fact that the money supply will be less, and that’s what we confirm it previously necessity currency project to delete the zeros of the three of the currency, which he can solve a lot of problems…” “...CAN – SOLVE – A – LOT – OF – PROBLEMS…” BOOM!
______________________________________________________________
IS leader Baghdadi abandons Mosul fight to field commanders, U.S. and Iraqi sources say
By Isabel Coles, John Walcott and Maher Chmaytelli | MOSUL, IRAQ/WASHINGTON
U.S. and Iraqi officials believe the leader of Islamic State, Abu Bakr al-Baghdadi, has left operational commanders behind with diehard followers to fight the battle of Mosul, and is now hiding out in the desert, focussing mainly on his own survival…
Loop (Dinar Guru) – “REACT controls on the main court of the organization and the Central Bank branch in Mosul” THEY RETAKE THE MOSUL BRANCH OF THE CBI AND THEY ARE READY TO ASSESS THE DAMAGES SO THEY CAN REPAIR IT AND OPEN THE DOORS.
______________________________________________________________
tlm724 (Dinar Guru) – Article: “Adviser at the Central Bank of Iraq overcome the financial crisis and will become the country’s foreign investment” Things are progressing nicely for Iraq. Stability is close at hand! IMO the currency reform is on the horizon. The CBI keeps on keeping on, making the needed adjustment to policy to make things right to go forward.
______________________________________________________________
Shredd (Dinar Guru) – Article: “Central Bank: the financial crisis behind us and the next few days are promising” Quote: “Iraq will become a country of foreign investment as a result of competing foreign international companies to invest in the reconstruction after the devastating cities recovered from Daesh.” This is a great reminder of the wealth Iraq has and the interest from foreign investment. “Iraq will become a country of foreign investment” — that is for sure and as note, that will become a huge part in the rebuilding of the country. In this same period of time, the stability that is sought by the CBI for their currency reform can then move forward. …this is not an “If” but a “When” regarding the legal tender, globally accepted dinar to become the primarily used currency of Iraq.The immense amount of progress in the banking and investment laws, the protections for investors, the banking customer vetting via KYC, the project to remove the zeros and so many more accomplishments all still stand. None of the progress the CBI and the GOI have made to mature from their past dictatorship have been repealed. Progress has been and continues to be forward.
______________________________________________________________
Islandg1211 (Dinar Guru) – Many of us were hoping that Trump would speed up the RV. He may not have done that, but rest assure he isn’t going to let it be delayed. He’s put pressure on getting rid of ISIS both in Mosul and in Raqqa. The RV needs, IMO, in this order: 1) Mosul (and then Raqqa) 2) National Reconciliation Law 3) Day of Celebration for getting rid of ISIS and coming together politically 4) HCL 5) RV with no announcement nor fanfare. Trump certainly could try to push a settlement politically quicker and get the RV done sooner. But, for right now, it looks to me like my prediction of mid-summer with my list of things getting done prior still stands. In January, I posted these same thoughts, and I don’t see anything new to amend my opinion on the RV date of mid-summer with a rate just above the USD, around $1.13 (the high end of the original Ernst and Young appraisal of the Dinar.)
______________________________________________________________
Kaperoni (Dinar Guru) – Article: “Central: financial sector management electronically end of 2017” Currency reform should start well before end of year IMO.
______________________________________________________________
MadDScout (Dinar Guru) – Article quote: “The local market has seen a marked decline in the dollar against the Iraqi dinar and by five thousand dinars to the category of $ 100.” “marked decline by five thousand dinars to the category of $ 100.” …what we are seeing is the measures by CBI recently put in place to bring the dinar street rate in line with the cbi rate even against a strong dollar. Today they received 30 billion in loan assistance…18 from imf and 12 from Great Britian.
______________________________________________________________
revbo (Dinar Guru) – Article: “Iraq forces advance into Mosul city” …the news is everywhere, this morning, that ISF has taken the second bridge, so they have at least secured the small district just to the west of the river, where the second bridge is, which gives them direct access to Old Mosul.
______________________________________________________________
Central bank: Iraq overcome the financial crisis and the coming days bode well
The Central Bank of Iraq adviser Walid Idi, that Iraq exceeded the financial crisis, pointing out that the coming days bode well.
He Idi said in a statement that the crisis austerity and fiscal deficit as a result of lower oil prices in the last period has ended, adding that, Iraq will become a country of foreign investment as a result of competing foreign international companies to invest in the reconstruction of liberated cities, and pointed Idi that the entry of foreign Iraq’s companies reflect a positive outlook It will contribute to attracting major countries to rebuild the liberated areas and the holding of joint agreements for investment as well as trade exchange and activate tourism and oil industry.
Loop (Dinar Guru) – to follow this comment up – the very next day they same thing happened again. The street rate for the Dinar got another 3k per 100 USD stronger… looking more and more like a trend. Monetary policy (in the real world) is tightening up…and I point this out because…the culmination of what we are wanting to see is being forecast by numerous other, smaller moves – this being one of them. Corruption, International agreement, financial mgmt procedures getting better, security and stability. All happening now.
______________________________________________________________
BGG (Dinar Guru) – Article: “Central bank: Iraq overcome the financial crisis and the coming days bode well” Quote: “…Iraq will become a country of foreign investment as a result of competing foreign international companies to invest in the reconstruction of liberated cities…” None of this can happen…without a serious shift in economic and currency policy. Just can’t happen. They are back to “forecasting” as they were in late 2016…this time – the timeline isn’t months or a part of the year…but it’s “days” in their own words…NOT weeks, months or years.
______________________________________________________________
Kaperoni (Dinar Guru) – Article: “Central: financial sector management electronically end of 2017” Quote: “...the current year will see in the fourth quarter sophisticated financially important is linking the banking sector…” This is a huge article! It appears to me that they are stating that this year they expect to open the banking system to the world. That freedom of movement and international transactions will begin. This to me, appears to be confirmation that during 2017 we will see the beginning of currency reform.
______________________________________________________________
Revbo (Dinar Guru) – Article: “Central Bank: the financial crisis behind us and the next few days are promising” Sounds like they want to get things moving pretty quickly after Mosul is over, and nobody’s coming in if they can’t get their money out.
______________________________________________________________
Phillyman (Dinar Guru) – Articles: “Iraqi command says a few meters close from Mosul government complex” “Iraqi forces control most of 2 western Mosul districts, pound Tal Afar” “Iraqi forces launch fresh push in western Mosul battle” “Iraqi forces near government buildings in Mosul as fight against ISIS continues” Obviously the timing of the Mosul operation being complete is all over the place but I wanted to put this quote from the first article here in case you missed it. This is the opinion of a Lt. General, Federal Police Chief: “He said the troops have become a few meters away from the government complex, adding that retaking that area could mean “a 80 percent strategic and moral victory in western Mosul battles”.
______________________________________________________________
Adam Montana (Dinar Guru) – I mentioned in my weekly…update that I’m getting a bit giddy right now. There’s a good reason for it! We are at a tipping point, and this is going to either make us some money, or we’re going to be walking away soon. Either way, I think all of us will be happy. Either we make out like bandits or we just say “we enjoyed the ride”, right?! Based on what I’m hearing from my people, I am leaning toward the bright side of it.
______________________________________________________________
Loop (Dinar Guru) – Quote: Article quote: “The local market has seen a marked decline in the dollar against the Iraqi dinar and by five thousand dinars to the category of $ 100.” marked decline by five thousand dinars to the category of $ 100. That is all it is saying.Not that the exchange rate 5000 dinar to 100 dollars. This is right in line with the CBI’s statement made on Wednesday. [so what does that mean…?] It means that the CBI has put a system into place that allows them…control of the stability of the dinar in the market place. This systems removes the middlemen and gives them end to end transparency for all transactions. This is exactly what the IMF wants them to do. Very important move on their part.
______________________________________________________________
Vision that the economic recovery in the post-Iraqi dinar
Economy News / Baghdad … The CBI has issued a press statement in which he explained that the slight decline in the dollar against the Aldenarabraghi it causes Alryise PROCEDURES AND ORGANIZATIONAL new used to regulate the sale of Currency window and curtail the role of middlemen and speculators as well as the commitment of the private banks and their cooperation with the Central Bank of cushions and the role played by the Association of Banks He urged the Iraqi special departments of banks on the need to support the orientations of the central bank at the service of the national economy and harnessing the potential of the private banks in the central purpose of which is to work on the recovery of the Iraqi dinar and raise its value and cash Acharayah against the dollar…
tman23 (Dinar Guru) – “Kurdistan region,— Masoud Barzani said the Iraqi Kurdistan Parliament and presidential elections will be held in September this year.” “There will be two elections in September: parliament and presidential,” Barzani said during an interview …I won’t be a candidate myself.” WHY IS THIS A FACTOR? TWO VERY POSITIVE SIGNS WITH ONE GLOWING IN NEON! AUGUST 2013 BARZANI CAME SPOKE OUT ON THE DINAR AND THE MENACING 3 ZEROS AND SAID HE WAS NOT LEAVING UNTIL THEY WERE LIFTED AND KURDISTAN COULD OPEN ITS ECONOMY…HE ALSO SAID HE WAS NOT LEAVING UNTIL KURDISTAN HAD ITS STATEHOOD…THE OPENING OF A FREE MARKET LEADS TO INDEPENDENCE…TOO MUCH GOING DOWN NOT TO THINK AGREEMENTS ARE READY TO SIGNED…NOT YOUR USUAL MEET FOR NATIONAL RECONCILIATION DISCUSSIONS OF THE PAST…i BELIEVE THEY MEET TO ANNOUNCE…AND SIGN…NOT NEGOTIATE!
______________________________________________________________
BGG (Dinar Guru) – Article: “Parliamentary Finance’s “approach” to postpone the project to delete the zeros until further notice” Quote: “…Finance Committee in the House of Representatives announced the postponement of the project to delete the zeros that was planned years ago to apply until further notice.” …that almost has the “smack” of her pointing out that this WAS PLANNED – then POSTPONED until further notice. Which is…accurate…they aren’t saying further notice isn’t tomorrow, next week or next month either. Why would they be “rehashing” a decision that was put off back in 2012 – right now? Over a concept that is DIRECTLY germane to their forward economic progress. In fact…it is a little weird this is coming out now – right near the end of Mosul… or in this “first part of 2017 timeframe” – why now? I think it’s obvious.
______________________________________________________________
Adam Montana (Dinar Guru) – …I have a couple of rumors that I’m holding onto. I had hoped to have a better confirmation on them before posting this… I do not have what I need in order to release it, so I’m sticking with my
original guesstimate of the rate. When I think about it, I hope I’m wrong and y’all are riding with me to a much higher rate! You don’t want to see $3.14 any more than I do! But I’m a realist, and that guides my logic on matters like this…Let’s move forward a few steps and talk about a ReValued dinar. I agree that a lower rate than the Kuwaiti Dinar will be a blow to the ego’s of the Iraqis. I agree that it should be on par with the USD, or even higher. I agree that the rate WILL get there… eventually. I believe that Iraq can sustain a very stable currency at a rate of $3 or higher, but I don’t think they will immediately jump to that rate even if they ultimately desire it to be so.
______________________________________________________________
BGG (Dinar Guru) – Articles: “Mosul .. Iraqi forces predict the ‘big wins’ within hours” “Mosul war will end very soon .. and Abadi called on Iraqis in Germany to return to their homeland” “Jubouri Macgork: Today suitable conditions for a comprehensive national reconciliation” So there are a few juicy headlines… I am still amazed at everything going on over there – and people still (as late as last nite) e-mail me boo hooing about how it hasn’t happened yet. I just comment on it – the mass of incredible news is just stunning. Iraq is moving forward with great speed. [We haven’t had any formal news from the CBI over the last few weeks about the delete the zeroes program, are you still of the impression that they are going to go ahead once Mosul is finished?] I can only go by their most recent commentary – all looks good from what they have said. Once this security “check box” is filled – we’ll have to see what they do.
______________________________________________________________
Phillyman (Dinar Guru) – I’m hoping that behind the scenes there is alot going on that we are clueless about to keep Iraq going in the right direction.It is hard to imagine that so many countries would pour so many resources into Iraq without being pretty certain of it paying off.
______________________________________________________________
tman23 (Dinar Guru) – Post Mosul…What does the Iraqi government have to offer the citizen? What immediate services can the GOI provide? IMO…THE HEADS OF IRAQ MUST DAZZLE THEIR PEOPLE WITH SOMETHING MORE THAN TALK ABOUT A GREAT FUTURE…IT’S TANGIBLE TIME, SOMETHING THEY CAN PUT THEIR HANDS ON… Abadi promised them all a raise retro active back a full year when he became the PM…Never knew where the $$$ was coming from then… The people do not believe in their government or their country. IMF says on their website that a countries currency can have a major psychological affect on it’s citizens…We shall see !!
______________________________________________________________
Mosul .. Iraqi forces predict the ‘big wins’ within hours
Spokesman for the Iraqi joint operations Yahya said Messenger Saturday that “the coming hours” could see a “great victories” of Iraqi forces on Daesh fighters in Mosul, pointing out that the liberalization of the west coast of the entire city is near…
tman23 (Dinar Guru) – Article quote: “WASHINGTON,— U.S. Secretary of State Rex Tillerson met with Iraqi Oil Minister Jabbar al-Luaibi at the State Department on Friday.” SOME SERIOUS PLANNING GOING ON...OIL MAN TILLERSON MEETING WITH Al-Luaibi…THE CALL FOR ABADI TO GET TO WASHINGTON AHEAD OF SCHEDULED DATE…IMF MEETING TAKING PLACE WITH IRAQ…THEY HAVE A PLAN ROLLING OUT…LETS JUST HOPE IT INCLUDES US AND 3 ZEROS.
______________________________________________________________
Enorrste (Dinar Guru) – It is natural for those of us who have been in this game a long time (over 10 years for me) to get frustrated now and then. I am confident that we will make a significant profit within a reasonable period of time. I am 68, so that “reasonable period” isn’t that long!
______________________________________________________________
tman23 (Dinar Guru) – Post Mosul…What does the Iraqi government have to offer the citizen? What immediate services can the GOI provide? IMO…THE HEADS OF IRAQ MUST DAZZLE THEIR PEOPLE WITH SOMETHING MORE THAN TALK ABOUT A GREAT FUTURE…IT’S TANGIBLE TIME, SOMETHING THEY CAN PUT THEIR HANDS ON… Abadi promised them all a raise retro active back a full year when he became the PM…Never knew where the $$$ was coming from then… The people do not believe in their government or their country. IMF says on their website that a countries currency can have a major pyscological affect on it’s citizens…We shall see !!
______________________________________________________________
Follow us on twitter @DinarUpdates !!
Dinar Updates – “NEWS TIME” w/MadDScout & the DU FB Crew – Mar 16th 6:30pm CST – In the DU CHAT Room!!
BGG (Dinar Guru) – Anyone recall how many days it’s been since the CBI website went without updating the daily rate? [They went from January 4th up until a couple days ago, so like 45 business days or so.] Kinda’ weird how they just started updating the CBI website again – after something over 45 days? Wow? No change in status – of course…just really weird.
______________________________________________________________
tman23 (Dinar Guru) – HOLD ON TO YOUR SEAT… “WASHINGTON,— U.S. Secretary of State Rex Tillerson met with Iraqi Oil Minister Jabbar al-Luaibi at the State Department on Friday. Al-Luaibi did not comment on questions from reporters about U.S. oil investment in Iraq.” “Mr. Minister, are there plans to expand U.S. oil investment in Iraq?” one reporter asked. Tillerson extended a handshake to the minister and said, “welcome.” Reporters were then quickly escorted from the room.” AND THEN… “Iraqi Prime Minister Haider al-Abadi has expressed a willingness to make a visit to Washington ahead of an earlier date, which had been set for the week of March 19...” KABOOM! The reschedule comes at the request of the White House…ABADI GOING TO WASHINGTON EARLIER THAN SCHEDULED.
______________________________________________________________
Kaperoni (Dinar Guru) – Article: “Central: financial sector management electronically end of 2017” …one of the reasons the dinar will rise gradually is that the CBI can profit as it rises.The buy/sell of the dinar creates commissions. It is those commissions that will replace the revenue the CBI seeks when it ends the daily auctions.
______________________________________________________________
MadDScout (Dinar Guru) – [...if the budget is starting to be opened, will they be opening it with the new rate?] Rate is something subject to conditions needing to be met not something already in the budget.
______________________________________________________________
Kaperoni (Dinar Guru) – Article: “The appearance of Mohammed Saleh: the central bank has a big role to emerge from the financial crisis for the country” There is no private sector without opening the banking system to the world. Simple as that.
______________________________________________________________
BGG (Dinar Guru) –[how is investment?] The investment is doing just fine – glad to be in it. No need for “secret intel” sources. This is getting good. Alak (that would be the Gov of the CBI) and Abadi (that would be the Prime Minister of Iraq) were both “forecasting” the start of economic and financial reform as soon as ISIS was defeated in Mosul – they were believing this would have happened in Jan – Feb…BUT… their optimism is still real – “first part of 2017” is still accurate – this appears to be a foregone conclusion, ISIS gone – MR started. So – we’re good…and appears to be happening as we speak...
______________________________________________________________
Mohammed Saleh: The central bank has a big role to emerge from the financial crisis for the country
Economy News / Baghdad … Set up the House of Wisdom Department of Economic Studies panel scientific symposium, Thursday, on the implementation of private sector development in Iraq strategy requirements (2014 2030)
The seminar was attended by Dr. appearance of Mohammed Saleh financial advisor to the prime minister and professor Samir Nasiri, an economist and banking and a number of economists and bankers*
And Dr. appearance of Mohammed Saleh during the symposium on how strategic economic implement and apply them to the ground adding that the private sector is the backbone of the Iraqi economy and millions of citizens working within the private sector, calling out the importance of getting rid of the market gap through public sector cooperation and private in order to create a large market…
Enorrste (Dinar Guru) –The result, of course, will be an enormous upward pressure on the value of the dinar as new investment money comes into the country. You can rest assured that most of the “Fortune 500” companies in America, not to mention others around the world, will want to “stake their claim” in this market as soon as the proper conditions permit. That time frame has been given in this article: sometime in the fourth quarter of this year. I expect the float to begin late in the third quarter or early in the fourth quarter. I expect the money supply to fall with the rise in value of the dinar. Then I expect a cascading effect as more and more new money floods into Iraq for investment, thus putting even more upward pressure on the dinar value. Within two or three years we should see a world reserve currency emerge and be poised to take our profits. [post 3 of 3]
______________________________________________________________
Enorrste (Dinar Guru) – The next phrase that struck me is “the adoption of advanced banking technologies adopted by the biggest banks in the world.” This phrase emphasizes…that this article is clearly stating that Iraq will be opening the dinar to the world market by the end of this year. Following along with that…is that this will only happen if they also float the currency. This is where our investment will begin to pay off for us all. …this will have to be at least initiated prior to the end of this year. It is a process that will take some time to implement. It will be imperative that the CBI get the money out of the mattresses before allowing the value to rise too high in order to avoid serious inflation. This brings me to the last great phrase. That phrase is “the entry of active cooperation with the world’s largest companies.” Once this new high-tech banking system is in place we will see the “Wild West” that KAP [Guru Kaperoni] and I have described many times over the years begin to occur. Investors all over the world, and in particular “the world’s largest companies,” will leap at the chance to enter into this essentially untapped market. The guarantees (insurance) and electronic security provided by a state-of-the-art banking system akin to that used by the most advanced countries in the world will be a huge magnet for these mega-companies to get their feet wet in the Iraqi market. [post 2 of 3….stay tuned]
______________________________________________________________
Enorrste (Dinar Guru) – Article: “Central: financial sector management electronically end of 2017” There are four phrases in this article that got me excited…The first is the phrase “in the best world systems.” What this means is that the IMF is bypassing older and more traditional methods of change and are instead moving Iraq to the “front of the line” in terms of technological development. This is consistent with Saleh’s statement made years ago that the dinar would become a “world reserve currency.” When your banking system is among the world’s best that means that you are poised to move directly into the world foreign currency exchange market. But the next phrase is where Saleh’s statement about the dinar become a world reserve currency gains some credence. That phrase is “helps to pull the money supply of homes to the banking sector.” We have read over the years that this is a major concern, namely, how do we get people in Iraq to pull their dinars out of their mattresses and put them into the banking system? It seems evident from this phrase that this is intended to do just that. Now, the connection to Saleh’s prediction about the dinar becoming a world reserve currency is that as these dinars come out of the mattresses and into the banks they can be destroyed by the CBI, thus lowering the overall money supply, allowing the value of the dinar to rise. The rising value of the dinar, given their high relative reserve position, will ensure that the dinar will become one of the strongest currencies in the world. [post 1 of 3….stay tuned]
______________________________________________________________
Maliki afraid of his trial and the inauguration of the new governor of the capital to fuel the conflict between him and the Sadrists
Raged differences within the National Alliance, a Shiite ruler, after the dismissal of the former Baghdad Governor Ali al-Tamimi and the election Atwan Atwani substitute, where the former governor Ali al-Tamimi belongs to the Sadrist movement block free, while the new governor belongs to the bloc coalition of state law, led by Nuri al-Maliki, who began the liquidation of political opponents during his bloc in parliament, where he has managed in the last period of the dismissal of a number of ministers and officials in the government as a kind of revenge for the lack of support for the third term of the former Prime Minister, Vice President of the Republic the current Nouri al-Maliki, and the latest was the governor of Baghdad, Ali al-Tamimi, who formed his dismissal pivotal point in Shiite conflict within the House…
Adam Montana (Dinar Guru) – [adding to the previous question… what three 0 notes do you think they will want to take out of circulation? Do you think there is any chance they will not be taking the 5,000 note out of circulation?] My guess would be that the first to go will be the 25,000 and 10,000. Followed within 6 months (at most) by all the rest, to be replaced with the new issue. [post 2 of 2]
______________________________________________________________
Adam Montana (Dinar Guru) – [When they revalue it, no matter what number it goes to…Let’s say it’s .10 cents hypothetically. I think everyone pretty much agrees it will still rise from there. If that’s true, will they announce to the dinar holders that there is a certain amount of time to exchange yours? Or will that time limit be a mystery to everyone?] I do agree that it will rise, especially if they start it at $0.10…that said, it’s impossible to pinpoint which notes they will call in first, or how long they will allow the “old” notes to remain in circulation. Other countries that have re-denominated have used 90 days. I think it’s reasonable to think we can expect that much time, but there is no guarantee on that. [post 1 of 2….stay tuned]
______________________________________________________________
BGG (Dinar Guru) – Article: “Warnings of severe deterioration of the dinar after the appetite for dollar” This is an OP ED piece…Opinion of writer only…no guarantee of veracity… the big take-away for me was – the author points out a few things that are HISTORICALLY accurate – then says – IN ESSENCE, you can fix it all with currency reform. Quote: “…in addition to that some of the citizens and the owners of the money prefer the dollar for the dinar for easy transfer and retention of the fact that the money supply will be less, and that’s what we confirm it previously necessity currency project to delete the zeros of the three of the currency, which he can solve a lot of problems…” “...CAN – SOLVE – A – LOT – OF – PROBLEMS…” BOOM!
______________________________________________________________
IS leader Baghdadi abandons Mosul fight to field commanders, U.S. and Iraqi sources say
By Isabel Coles, John Walcott and Maher Chmaytelli | MOSUL, IRAQ/WASHINGTON
U.S. and Iraqi officials believe the leader of Islamic State, Abu Bakr al-Baghdadi, has left operational commanders behind with diehard followers to fight the battle of Mosul, and is now hiding out in the desert, focussing mainly on his own survival…
Loop (Dinar Guru) – “REACT controls on the main court of the organization and the Central Bank branch in Mosul” THEY RETAKE THE MOSUL BRANCH OF THE CBI AND THEY ARE READY TO ASSESS THE DAMAGES SO THEY CAN REPAIR IT AND OPEN THE DOORS.
______________________________________________________________
tlm724 (Dinar Guru) – Article: “Adviser at the Central Bank of Iraq overcome the financial crisis and will become the country’s foreign investment” Things are progressing nicely for Iraq. Stability is close at hand! IMO the currency reform is on the horizon. The CBI keeps on keeping on, making the needed adjustment to policy to make things right to go forward.
______________________________________________________________
Shredd (Dinar Guru) – Article: “Central Bank: the financial crisis behind us and the next few days are promising” Quote: “Iraq will become a country of foreign investment as a result of competing foreign international companies to invest in the reconstruction after the devastating cities recovered from Daesh.” This is a great reminder of the wealth Iraq has and the interest from foreign investment. “Iraq will become a country of foreign investment” — that is for sure and as note, that will become a huge part in the rebuilding of the country. In this same period of time, the stability that is sought by the CBI for their currency reform can then move forward. …this is not an “If” but a “When” regarding the legal tender, globally accepted dinar to become the primarily used currency of Iraq.The immense amount of progress in the banking and investment laws, the protections for investors, the banking customer vetting via KYC, the project to remove the zeros and so many more accomplishments all still stand. None of the progress the CBI and the GOI have made to mature from their past dictatorship have been repealed. Progress has been and continues to be forward.
______________________________________________________________
Islandg1211 (Dinar Guru) – Many of us were hoping that Trump would speed up the RV. He may not have done that, but rest assure he isn’t going to let it be delayed. He’s put pressure on getting rid of ISIS both in Mosul and in Raqqa. The RV needs, IMO, in this order: 1) Mosul (and then Raqqa) 2) National Reconciliation Law 3) Day of Celebration for getting rid of ISIS and coming together politically 4) HCL 5) RV with no announcement nor fanfare. Trump certainly could try to push a settlement politically quicker and get the RV done sooner. But, for right now, it looks to me like my prediction of mid-summer with my list of things getting done prior still stands. In January, I posted these same thoughts, and I don’t see anything new to amend my opinion on the RV date of mid-summer with a rate just above the USD, around $1.13 (the high end of the original Ernst and Young appraisal of the Dinar.)
______________________________________________________________
Kaperoni (Dinar Guru) – Article: “Central: financial sector management electronically end of 2017” Currency reform should start well before end of year IMO.
______________________________________________________________
MadDScout (Dinar Guru) – Article quote: “The local market has seen a marked decline in the dollar against the Iraqi dinar and by five thousand dinars to the category of $ 100.” “marked decline by five thousand dinars to the category of $ 100.” …what we are seeing is the measures by CBI recently put in place to bring the dinar street rate in line with the cbi rate even against a strong dollar. Today they received 30 billion in loan assistance…18 from imf and 12 from Great Britian.
______________________________________________________________
revbo (Dinar Guru) – Article: “Iraq forces advance into Mosul city” …the news is everywhere, this morning, that ISF has taken the second bridge, so they have at least secured the small district just to the west of the river, where the second bridge is, which gives them direct access to Old Mosul.
______________________________________________________________
Central bank: Iraq overcome the financial crisis and the coming days bode well
The Central Bank of Iraq adviser Walid Idi, that Iraq exceeded the financial crisis, pointing out that the coming days bode well.
He Idi said in a statement that the crisis austerity and fiscal deficit as a result of lower oil prices in the last period has ended, adding that, Iraq will become a country of foreign investment as a result of competing foreign international companies to invest in the reconstruction of liberated cities, and pointed Idi that the entry of foreign Iraq’s companies reflect a positive outlook It will contribute to attracting major countries to rebuild the liberated areas and the holding of joint agreements for investment as well as trade exchange and activate tourism and oil industry.
Loop (Dinar Guru) – to follow this comment up – the very next day they same thing happened again. The street rate for the Dinar got another 3k per 100 USD stronger… looking more and more like a trend. Monetary policy (in the real world) is tightening up…and I point this out because…the culmination of what we are wanting to see is being forecast by numerous other, smaller moves – this being one of them. Corruption, International agreement, financial mgmt procedures getting better, security and stability. All happening now.
______________________________________________________________
BGG (Dinar Guru) – Article: “Central bank: Iraq overcome the financial crisis and the coming days bode well” Quote: “…Iraq will become a country of foreign investment as a result of competing foreign international companies to invest in the reconstruction of liberated cities…” None of this can happen…without a serious shift in economic and currency policy. Just can’t happen. They are back to “forecasting” as they were in late 2016…this time – the timeline isn’t months or a part of the year…but it’s “days” in their own words…NOT weeks, months or years.
______________________________________________________________
Kaperoni (Dinar Guru) – Article: “Central: financial sector management electronically end of 2017” Quote: “...the current year will see in the fourth quarter sophisticated financially important is linking the banking sector…” This is a huge article! It appears to me that they are stating that this year they expect to open the banking system to the world. That freedom of movement and international transactions will begin. This to me, appears to be confirmation that during 2017 we will see the beginning of currency reform.
______________________________________________________________
Revbo (Dinar Guru) – Article: “Central Bank: the financial crisis behind us and the next few days are promising” Sounds like they want to get things moving pretty quickly after Mosul is over, and nobody’s coming in if they can’t get their money out.
______________________________________________________________
Phillyman (Dinar Guru) – Articles: “Iraqi command says a few meters close from Mosul government complex” “Iraqi forces control most of 2 western Mosul districts, pound Tal Afar” “Iraqi forces launch fresh push in western Mosul battle” “Iraqi forces near government buildings in Mosul as fight against ISIS continues” Obviously the timing of the Mosul operation being complete is all over the place but I wanted to put this quote from the first article here in case you missed it. This is the opinion of a Lt. General, Federal Police Chief: “He said the troops have become a few meters away from the government complex, adding that retaking that area could mean “a 80 percent strategic and moral victory in western Mosul battles”.
______________________________________________________________
Adam Montana (Dinar Guru) – I mentioned in my weekly…update that I’m getting a bit giddy right now. There’s a good reason for it! We are at a tipping point, and this is going to either make us some money, or we’re going to be walking away soon. Either way, I think all of us will be happy. Either we make out like bandits or we just say “we enjoyed the ride”, right?! Based on what I’m hearing from my people, I am leaning toward the bright side of it.
______________________________________________________________
Loop (Dinar Guru) – Quote: Article quote: “The local market has seen a marked decline in the dollar against the Iraqi dinar and by five thousand dinars to the category of $ 100.” marked decline by five thousand dinars to the category of $ 100. That is all it is saying.Not that the exchange rate 5000 dinar to 100 dollars. This is right in line with the CBI’s statement made on Wednesday. [so what does that mean…?] It means that the CBI has put a system into place that allows them…control of the stability of the dinar in the market place. This systems removes the middlemen and gives them end to end transparency for all transactions. This is exactly what the IMF wants them to do. Very important move on their part.
______________________________________________________________
Vision that the economic recovery in the post-Iraqi dinar
Economy News / Baghdad … The CBI has issued a press statement in which he explained that the slight decline in the dollar against the Aldenarabraghi it causes Alryise PROCEDURES AND ORGANIZATIONAL new used to regulate the sale of Currency window and curtail the role of middlemen and speculators as well as the commitment of the private banks and their cooperation with the Central Bank of cushions and the role played by the Association of Banks He urged the Iraqi special departments of banks on the need to support the orientations of the central bank at the service of the national economy and harnessing the potential of the private banks in the central purpose of which is to work on the recovery of the Iraqi dinar and raise its value and cash Acharayah against the dollar…
tman23 (Dinar Guru) – “Kurdistan region,— Masoud Barzani said the Iraqi Kurdistan Parliament and presidential elections will be held in September this year.” “There will be two elections in September: parliament and presidential,” Barzani said during an interview …I won’t be a candidate myself.” WHY IS THIS A FACTOR? TWO VERY POSITIVE SIGNS WITH ONE GLOWING IN NEON! AUGUST 2013 BARZANI CAME SPOKE OUT ON THE DINAR AND THE MENACING 3 ZEROS AND SAID HE WAS NOT LEAVING UNTIL THEY WERE LIFTED AND KURDISTAN COULD OPEN ITS ECONOMY…HE ALSO SAID HE WAS NOT LEAVING UNTIL KURDISTAN HAD ITS STATEHOOD…THE OPENING OF A FREE MARKET LEADS TO INDEPENDENCE…TOO MUCH GOING DOWN NOT TO THINK AGREEMENTS ARE READY TO SIGNED…NOT YOUR USUAL MEET FOR NATIONAL RECONCILIATION DISCUSSIONS OF THE PAST…i BELIEVE THEY MEET TO ANNOUNCE…AND SIGN…NOT NEGOTIATE!
______________________________________________________________
BGG (Dinar Guru) – Article: “Parliamentary Finance’s “approach” to postpone the project to delete the zeros until further notice” Quote: “…Finance Committee in the House of Representatives announced the postponement of the project to delete the zeros that was planned years ago to apply until further notice.” …that almost has the “smack” of her pointing out that this WAS PLANNED – then POSTPONED until further notice. Which is…accurate…they aren’t saying further notice isn’t tomorrow, next week or next month either. Why would they be “rehashing” a decision that was put off back in 2012 – right now? Over a concept that is DIRECTLY germane to their forward economic progress. In fact…it is a little weird this is coming out now – right near the end of Mosul… or in this “first part of 2017 timeframe” – why now? I think it’s obvious.
______________________________________________________________
Adam Montana (Dinar Guru) – …I have a couple of rumors that I’m holding onto. I had hoped to have a better confirmation on them before posting this… I do not have what I need in order to release it, so I’m sticking with my
original guesstimate of the rate. When I think about it, I hope I’m wrong and y’all are riding with me to a much higher rate! You don’t want to see $3.14 any more than I do! But I’m a realist, and that guides my logic on matters like this…Let’s move forward a few steps and talk about a ReValued dinar. I agree that a lower rate than the Kuwaiti Dinar will be a blow to the ego’s of the Iraqis. I agree that it should be on par with the USD, or even higher. I agree that the rate WILL get there… eventually. I believe that Iraq can sustain a very stable currency at a rate of $3 or higher, but I don’t think they will immediately jump to that rate even if they ultimately desire it to be so.
______________________________________________________________
Mosul .. Iraqi forces predict the ‘big wins’ within hours
Spokesman for the Iraqi joint operations Yahya said Messenger Saturday that “the coming hours” could see a “great victories” of Iraqi forces on Daesh fighters in Mosul, pointing out that the liberalization of the west coast of the entire city is near…
tman23 (Dinar Guru) – Article quote: “WASHINGTON,— U.S. Secretary of State Rex Tillerson met with Iraqi Oil Minister Jabbar al-Luaibi at the State Department on Friday.” SOME SERIOUS PLANNING GOING ON...OIL MAN TILLERSON MEETING WITH Al-Luaibi…THE CALL FOR ABADI TO GET TO WASHINGTON AHEAD OF SCHEDULED DATE…IMF MEETING TAKING PLACE WITH IRAQ…THEY HAVE A PLAN ROLLING OUT…LETS JUST HOPE IT INCLUDES US AND 3 ZEROS.
______________________________________________________________
Enorrste (Dinar Guru) – It is natural for those of us who have been in this game a long time (over 10 years for me) to get frustrated now and then. I am confident that we will make a significant profit within a reasonable period of time. I am 68, so that “reasonable period” isn’t that long!
______________________________________________________________
tman23 (Dinar Guru) – Post Mosul…What does the Iraqi government have to offer the citizen? What immediate services can the GOI provide? IMO…THE HEADS OF IRAQ MUST DAZZLE THEIR PEOPLE WITH SOMETHING MORE THAN TALK ABOUT A GREAT FUTURE…IT’S TANGIBLE TIME, SOMETHING THEY CAN PUT THEIR HANDS ON… Abadi promised them all a raise retro active back a full year when he became the PM…Never knew where the $$$ was coming from then… The people do not believe in their government or their country. IMF says on their website that a countries currency can have a major pyscological affect on it’s citizens…We shall see !!
______________________________________________________________
Follow us on twitter @DinarUpdates !!
Dinar Updates – “NEWS TIME” w/BGG & Company – Mar 12th 6:30pm CST – In the DU CHAT Room!!
BGG (Dinar Guru) – Anyone recall how many days it’s been since the CBI website went without updating the daily rate? [They went from January 4th up until a couple days ago, so like 45 business days or so.] Kinda’ weird how they just started updating the CBI website again – after something over 45 days? Wow? No change in status – of course…just really weird.
______________________________________________________________
tman23 (Dinar Guru) – HOLD ON TO YOUR SEAT… “WASHINGTON,— U.S. Secretary of State Rex Tillerson met with Iraqi Oil Minister Jabbar al-Luaibi at the State Department on Friday. Al-Luaibi did not comment on questions from reporters about U.S. oil investment in Iraq.” “Mr. Minister, are there plans to expand U.S. oil investment in Iraq?” one reporter asked. Tillerson extended a handshake to the minister and said, “welcome.” Reporters were then quickly escorted from the room.” AND THEN… “Iraqi Prime Minister Haider al-Abadi has expressed a willingness to make a visit to Washington ahead of an earlier date, which had been set for the week of March 19...” KABOOM! The reschedule comes at the request of the White House…ABADI GOING TO WASHINGTON EARLIER THAN SCHEDULED.
______________________________________________________________
Kaperoni (Dinar Guru) – Article: “Central: financial sector management electronically end of 2017” …one of the reasons the dinar will rise gradually is that the CBI can profit as it rises.The buy/sell of the dinar creates commissions. It is those commissions that will replace the revenue the CBI seeks when it ends the daily auctions.
______________________________________________________________
MadDScout (Dinar Guru) – [...if the budget is starting to be opened, will they be opening it with the new rate?] Rate is something subject to conditions needing to be met not something already in the budget.
______________________________________________________________
Kaperoni (Dinar Guru) – Article: “The appearance of Mohammed Saleh: the central bank has a big role to emerge from the financial crisis for the country” There is no private sector without opening the banking system to the world. Simple as that.
______________________________________________________________
BGG (Dinar Guru) –[how is investment?] The investment is doing just fine – glad to be in it. No need for “secret intel” sources. This is getting good. Alak (that would be the Gov of the CBI) and Abadi (that would be the Prime Minister of Iraq) were both “forecasting” the start of economic and financial reform as soon as ISIS was defeated in Mosul – they were believing this would have happened in Jan – Feb…BUT… their optimism is still real – “first part of 2017” is still accurate – this appears to be a foregone conclusion, ISIS gone – MR started. So – we’re good…and appears to be happening as we speak...
______________________________________________________________
Mohammed Saleh: The central bank has a big role to emerge from the financial crisis for the country
Economy News / Baghdad … Set up the House of Wisdom Department of Economic Studies panel scientific symposium, Thursday, on the implementation of private sector development in Iraq strategy requirements (2014 2030)
The seminar was attended by Dr. appearance of Mohammed Saleh financial advisor to the prime minister and professor Samir Nasiri, an economist and banking and a number of economists and bankers*
And Dr. appearance of Mohammed Saleh during the symposium on how strategic economic implement and apply them to the ground adding that the private sector is the backbone of the Iraqi economy and millions of citizens working within the private sector, calling out the importance of getting rid of the market gap through public sector cooperation and private in order to create a large market…
Enorrste (Dinar Guru) –The result, of course, will be an enormous upward pressure on the value of the dinar as new investment money comes into the country. You can rest assured that most of the “Fortune 500” companies in America, not to mention others around the world, will want to “stake their claim” in this market as soon as the proper conditions permit. That time frame has been given in this article: sometime in the fourth quarter of this year. I expect the float to begin late in the third quarter or early in the fourth quarter. I expect the money supply to fall with the rise in value of the dinar. Then I expect a cascading effect as more and more new money floods into Iraq for investment, thus putting even more upward pressure on the dinar value. Within two or three years we should see a world reserve currency emerge and be poised to take our profits. [post 3 of 3]
______________________________________________________________
Enorrste (Dinar Guru) – The next phrase that struck me is “the adoption of advanced banking technologies adopted by the biggest banks in the world.” This phrase emphasizes…that this article is clearly stating that Iraq will be opening the dinar to the world market by the end of this year. Following along with that…is that this will only happen if they also float the currency. This is where our investment will begin to pay off for us all. …this will have to be at least initiated prior to the end of this year. It is a process that will take some time to implement. It will be imperative that the CBI get the money out of the mattresses before allowing the value to rise too high in order to avoid serious inflation. This brings me to the last great phrase. That phrase is “the entry of active cooperation with the world’s largest companies.” Once this new high-tech banking system is in place we will see the “Wild West” that KAP [Guru Kaperoni] and I have described many times over the years begin to occur. Investors all over the world, and in particular “the world’s largest companies,” will leap at the chance to enter into this essentially untapped market. The guarantees (insurance) and electronic security provided by a state-of-the-art banking system akin to that used by the most advanced countries in the world will be a huge magnet for these mega-companies to get their feet wet in the Iraqi market. [post 2 of 3….stay tuned]
______________________________________________________________
Enorrste (Dinar Guru) – Article: “Central: financial sector management electronically end of 2017” There are four phrases in this article that got me excited…The first is the phrase “in the best world systems.” What this means is that the IMF is bypassing older and more traditional methods of change and are instead moving Iraq to the “front of the line” in terms of technological development. This is consistent with Saleh’s statement made years ago that the dinar would become a “world reserve currency.” When your banking system is among the world’s best that means that you are poised to move directly into the world foreign currency exchange market. But the next phrase is where Saleh’s statement about the dinar become a world reserve currency gains some credence. That phrase is “helps to pull the money supply of homes to the banking sector.” We have read over the years that this is a major concern, namely, how do we get people in Iraq to pull their dinars out of their mattresses and put them into the banking system? It seems evident from this phrase that this is intended to do just that. Now, the connection to Saleh’s prediction about the dinar becoming a world reserve currency is that as these dinars come out of the mattresses and into the banks they can be destroyed by the CBI, thus lowering the overall money supply, allowing the value of the dinar to rise. The rising value of the dinar, given their high relative reserve position, will ensure that the dinar will become one of the strongest currencies in the world. [post 1 of 3….stay tuned]
______________________________________________________________
Maliki afraid of his trial and the inauguration of the new governor of the capital to fuel the conflict between him and the Sadrists
Raged differences within the National Alliance, a Shiite ruler, after the dismissal of the former Baghdad Governor Ali al-Tamimi and the election Atwan Atwani substitute, where the former governor Ali al-Tamimi belongs to the Sadrist movement block free, while the new governor belongs to the bloc coalition of state law, led by Nuri al-Maliki, who began the liquidation of political opponents during his bloc in parliament, where he has managed in the last period of the dismissal of a number of ministers and officials in the government as a kind of revenge for the lack of support for the third term of the former Prime Minister, Vice President of the Republic the current Nouri al-Maliki, and the latest was the governor of Baghdad, Ali al-Tamimi, who formed his dismissal pivotal point in Shiite conflict within the House…
Adam Montana (Dinar Guru) – [adding to the previous question… what three 0 notes do you think they will want to take out of circulation? Do you think there is any chance they will not be taking the 5,000 note out of circulation?] My guess would be that the first to go will be the 25,000 and 10,000. Followed within 6 months (at most) by all the rest, to be replaced with the new issue. [post 2 of 2]
______________________________________________________________
Adam Montana (Dinar Guru) – [When they revalue it, no matter what number it goes to…Let’s say it’s .10 cents hypothetically. I think everyone pretty much agrees it will still rise from there. If that’s true, will they announce to the dinar holders that there is a certain amount of time to exchange yours? Or will that time limit be a mystery to everyone?] I do agree that it will rise, especially if they start it at $0.10…that said, it’s impossible to pinpoint which notes they will call in first, or how long they will allow the “old” notes to remain in circulation. Other countries that have re-denominated have used 90 days. I think it’s reasonable to think we can expect that much time, but there is no guarantee on that. [post 1 of 2….stay tuned]
______________________________________________________________
BGG (Dinar Guru) – Article: “Warnings of severe deterioration of the dinar after the appetite for dollar” This is an OP ED piece…Opinion of writer only…no guarantee of veracity… the big take-away for me was – the author points out a few things that are HISTORICALLY accurate – then says – IN ESSENCE, you can fix it all with currency reform. Quote: “…in addition to that some of the citizens and the owners of the money prefer the dollar for the dinar for easy transfer and retention of the fact that the money supply will be less, and that’s what we confirm it previously necessity currency project to delete the zeros of the three of the currency, which he can solve a lot of problems…” “...CAN – SOLVE – A – LOT – OF – PROBLEMS…” BOOM!
______________________________________________________________
IS leader Baghdadi abandons Mosul fight to field commanders, U.S. and Iraqi sources say
By Isabel Coles, John Walcott and Maher Chmaytelli | MOSUL, IRAQ/WASHINGTON
U.S. and Iraqi officials believe the leader of Islamic State, Abu Bakr al-Baghdadi, has left operational commanders behind with diehard followers to fight the battle of Mosul, and is now hiding out in the desert, focussing mainly on his own survival…
Loop (Dinar Guru) – “REACT controls on the main court of the organization and the Central Bank branch in Mosul” THEY RETAKE THE MOSUL BRANCH OF THE CBI AND THEY ARE READY TO ASSESS THE DAMAGES SO THEY CAN REPAIR IT AND OPEN THE DOORS.
______________________________________________________________
tlm724 (Dinar Guru) – Article: “Adviser at the Central Bank of Iraq overcome the financial crisis and will become the country’s foreign investment” Things are progressing nicely for Iraq. Stability is close at hand! IMO the currency reform is on the horizon. The CBI keeps on keeping on, making the needed adjustment to policy to make things right to go forward.
______________________________________________________________
Shredd (Dinar Guru) – Article: “Central Bank: the financial crisis behind us and the next few days are promising” Quote: “Iraq will become a country of foreign investment as a result of competing foreign international companies to invest in the reconstruction after the devastating cities recovered from Daesh.” This is a great reminder of the wealth Iraq has and the interest from foreign investment. “Iraq will become a country of foreign investment” — that is for sure and as note, that will become a huge part in the rebuilding of the country. In this same period of time, the stability that is sought by the CBI for their currency reform can then move forward. …this is not an “If” but a “When” regarding the legal tender, globally accepted dinar to become the primarily used currency of Iraq.The immense amount of progress in the banking and investment laws, the protections for investors, the banking customer vetting via KYC, the project to remove the zeros and so many more accomplishments all still stand. None of the progress the CBI and the GOI have made to mature from their past dictatorship have been repealed. Progress has been and continues to be forward.
______________________________________________________________
Islandg1211 (Dinar Guru) – Many of us were hoping that Trump would speed up the RV. He may not have done that, but rest assure he isn’t going to let it be delayed. He’s put pressure on getting rid of ISIS both in Mosul and in Raqqa. The RV needs, IMO, in this order: 1) Mosul (and then Raqqa) 2) National Reconciliation Law 3) Day of Celebration for getting rid of ISIS and coming together politically 4) HCL 5) RV with no announcement nor fanfare. Trump certainly could try to push a settlement politically quicker and get the RV done sooner. But, for right now, it looks to me like my prediction of mid-summer with my list of things getting done prior still stands. In January, I posted these same thoughts, and I don’t see anything new to amend my opinion on the RV date of mid-summer with a rate just above the USD, around $1.13 (the high end of the original Ernst and Young appraisal of the Dinar.)
______________________________________________________________
Kaperoni (Dinar Guru) – Article: “Central: financial sector management electronically end of 2017” Currency reform should start well before end of year IMO.
______________________________________________________________
MadDScout (Dinar Guru) – Article quote: “The local market has seen a marked decline in the dollar against the Iraqi dinar and by five thousand dinars to the category of $ 100.” “marked decline by five thousand dinars to the category of $ 100.” …what we are seeing is the measures by CBI recently put in place to bring the dinar street rate in line with the cbi rate even against a strong dollar. Today they received 30 billion in loan assistance…18 from imf and 12 from Great Britian.
______________________________________________________________
revbo (Dinar Guru) – Article: “Iraq forces advance into Mosul city” …the news is everywhere, this morning, that ISF has taken the second bridge, so they have at least secured the small district just to the west of the river, where the second bridge is, which gives them direct access to Old Mosul.
______________________________________________________________
Central bank: Iraq overcome the financial crisis and the coming days bode well
The Central Bank of Iraq adviser Walid Idi, that Iraq exceeded the financial crisis, pointing out that the coming days bode well.
He Idi said in a statement that the crisis austerity and fiscal deficit as a result of lower oil prices in the last period has ended, adding that, Iraq will become a country of foreign investment as a result of competing foreign international companies to invest in the reconstruction of liberated cities, and pointed Idi that the entry of foreign Iraq’s companies reflect a positive outlook It will contribute to attracting major countries to rebuild the liberated areas and the holding of joint agreements for investment as well as trade exchange and activate tourism and oil industry.
Loop (Dinar Guru) – to follow this comment up – the very next day they same thing happened again. The street rate for the Dinar got another 3k per 100 USD stronger… looking more and more like a trend. Monetary policy (in the real world) is tightening up…and I point this out because…the culmination of what we are wanting to see is being forecast by numerous other, smaller moves – this being one of them. Corruption, International agreement, financial mgmt procedures getting better, security and stability. All happening now.
______________________________________________________________
BGG (Dinar Guru) – Article: “Central bank: Iraq overcome the financial crisis and the coming days bode well” Quote: “…Iraq will become a country of foreign investment as a result of competing foreign international companies to invest in the reconstruction of liberated cities…” None of this can happen…without a serious shift in economic and currency policy. Just can’t happen. They are back to “forecasting” as they were in late 2016…this time – the timeline isn’t months or a part of the year…but it’s “days” in their own words…NOT weeks, months or years.
______________________________________________________________
Kaperoni (Dinar Guru) – Article: “Central: financial sector management electronically end of 2017” Quote: “...the current year will see in the fourth quarter sophisticated financially important is linking the banking sector…” This is a huge article! It appears to me that they are stating that this year they expect to open the banking system to the world. That freedom of movement and international transactions will begin. This to me, appears to be confirmation that during 2017 we will see the beginning of currency reform.
______________________________________________________________
Revbo (Dinar Guru) – Article: “Central Bank: the financial crisis behind us and the next few days are promising” Sounds like they want to get things moving pretty quickly after Mosul is over, and nobody’s coming in if they can’t get their money out.
______________________________________________________________
Phillyman (Dinar Guru) – Articles: “Iraqi command says a few meters close from Mosul government complex” “Iraqi forces control most of 2 western Mosul districts, pound Tal Afar” “Iraqi forces launch fresh push in western Mosul battle” “Iraqi forces near government buildings in Mosul as fight against ISIS continues” Obviously the timing of the Mosul operation being complete is all over the place but I wanted to put this quote from the first article here in case you missed it. This is the opinion of a Lt. General, Federal Police Chief: “He said the troops have become a few meters away from the government complex, adding that retaking that area could mean “a 80 percent strategic and moral victory in western Mosul battles”.
______________________________________________________________
Adam Montana (Dinar Guru) – I mentioned in my weekly…update that I’m getting a bit giddy right now. There’s a good reason for it! We are at a tipping point, and this is going to either make us some money, or we’re going to be walking away soon. Either way, I think all of us will be happy. Either we make out like bandits or we just say “we enjoyed the ride”, right?! Based on what I’m hearing from my people, I am leaning toward the bright side of it.
______________________________________________________________
Loop (Dinar Guru) – Quote: Article quote: “The local market has seen a marked decline in the dollar against the Iraqi dinar and by five thousand dinars to the category of $ 100.” marked decline by five thousand dinars to the category of $ 100. That is all it is saying.Not that the exchange rate 5000 dinar to 100 dollars. This is right in line with the CBI’s statement made on Wednesday. [so what does that mean…?] It means that the CBI has put a system into place that allows them…control of the stability of the dinar in the market place. This systems removes the middlemen and gives them end to end transparency for all transactions. This is exactly what the IMF wants them to do. Very important move on their part.
______________________________________________________________
Vision that the economic recovery in the post-Iraqi dinar
Economy News / Baghdad … The CBI has issued a press statement in which he explained that the slight decline in the dollar against the Aldenarabraghi it causes Alryise PROCEDURES AND ORGANIZATIONAL new used to regulate the sale of Currency window and curtail the role of middlemen and speculators as well as the commitment of the private banks and their cooperation with the Central Bank of cushions and the role played by the Association of Banks He urged the Iraqi special departments of banks on the need to support the orientations of the central bank at the service of the national economy and harnessing the potential of the private banks in the central purpose of which is to work on the recovery of the Iraqi dinar and raise its value and cash Acharayah against the dollar…
tman23 (Dinar Guru) – “Kurdistan region,— Masoud Barzani said the Iraqi Kurdistan Parliament and presidential elections will be held in September this year.” “There will be two elections in September: parliament and presidential,” Barzani said during an interview …I won’t be a candidate myself.” WHY IS THIS A FACTOR? TWO VERY POSITIVE SIGNS WITH ONE GLOWING IN NEON! AUGUST 2013 BARZANI CAME SPOKE OUT ON THE DINAR AND THE MENACING 3 ZEROS AND SAID HE WAS NOT LEAVING UNTIL THEY WERE LIFTED AND KURDISTAN COULD OPEN ITS ECONOMY…HE ALSO SAID HE WAS NOT LEAVING UNTIL KURDISTAN HAD ITS STATEHOOD…THE OPENING OF A FREE MARKET LEADS TO INDEPENDENCE…TOO MUCH GOING DOWN NOT TO THINK AGREEMENTS ARE READY TO SIGNED…NOT YOUR USUAL MEET FOR NATIONAL RECONCILIATION DISCUSSIONS OF THE PAST…i BELIEVE THEY MEET TO ANNOUNCE…AND SIGN…NOT NEGOTIATE!
______________________________________________________________
BGG (Dinar Guru) – Article: “Parliamentary Finance’s “approach” to postpone the project to delete the zeros until further notice” Quote: “…Finance Committee in the House of Representatives announced the postponement of the project to delete the zeros that was planned years ago to apply until further notice.” …that almost has the “smack” of her pointing out that this WAS PLANNED – then POSTPONED until further notice. Which is…accurate…they aren’t saying further notice isn’t tomorrow, next week or next month either. Why would they be “rehashing” a decision that was put off back in 2012 – right now? Over a concept that is DIRECTLY germane to their forward economic progress. In fact…it is a little weird this is coming out now – right near the end of Mosul… or in this “first part of 2017 timeframe” – why now? I think it’s obvious.
______________________________________________________________
Adam Montana (Dinar Guru) – …I have a couple of rumors that I’m holding onto. I had hoped to have a better confirmation on them before posting this… I do not have what I need in order to release it, so I’m sticking with my
original guesstimate of the rate. When I think about it, I hope I’m wrong and y’all are riding with me to a much higher rate! You don’t want to see $3.14 any more than I do! But I’m a realist, and that guides my logic on matters like this…Let’s move forward a few steps and talk about a ReValued dinar. I agree that a lower rate than the Kuwaiti Dinar will be a blow to the ego’s of the Iraqis. I agree that it should be on par with the USD, or even higher. I agree that the rate WILL get there… eventually. I believe that Iraq can sustain a very stable currency at a rate of $3 or higher, but I don’t think they will immediately jump to that rate even if they ultimately desire it to be so.
______________________________________________________________
Mosul .. Iraqi forces predict the ‘big wins’ within hours
Spokesman for the Iraqi joint operations Yahya said Messenger Saturday that “the coming hours” could see a “great victories” of Iraqi forces on Daesh fighters in Mosul, pointing out that the liberalization of the west coast of the entire city is near…
tman23 (Dinar Guru) – HOLD ON TO YOUR SEAT… “WASHINGTON,— U.S. Secretary of State Rex Tillerson met with Iraqi Oil Minister Jabbar al-Luaibi at the State Department on Friday. Al-Luaibi did not comment on questions from reporters about U.S. oil investment in Iraq.” “Mr. Minister, are there plans to expand U.S. oil investment in Iraq?” one reporter asked. Tillerson extended a handshake to the minister and said, “welcome.” Reporters were then quickly escorted from the room.” AND THEN… “Iraqi Prime Minister Haider al-Abadi has expressed a willingness to make a visit to Washington ahead of an earlier date, which had been set for the week of March 19...” KABOOM! The reschedule comes at the request of the White House…ABADI GOING TO WASHINGTON EARLIER THAN SCHEDULED.
______________________________________________________________
BGG (Dinar Guru) – Anyone recall how many days it’s been since the CBI website went without updating the daily rate? [They went from January 4th up until a couple days ago, so like 45 business days or so.] Kinda’ weird how they just started updating the CBI website again – after something over 45 days? Wow? No change in status – of course…just really weird.
______________________________________________________________
Follow us on twitter @DinarUpdates !!
Dinar Updates – “NEWS TIME” w/BGG & Company – Mar 12th 6:30pm CST – In the DU CHAT Room!!
Enorrste (Dinar Guru) – It is natural for those of us who have been in this game a long time (over 10 years for me) to get frustrated now and then. I am confident that we will make a significant profit within a reasonable period of time. I am 68, so that “reasonable period” isn’t that long!
______________________________________________________________
Kaperoni (Dinar Guru) – Article: “Central: financial sector management electronically end of 2017” …one of the reasons the dinar will rise gradually is that the CBI can profit as it rises.The buy/sell of the dinar creates commissions. It is those commissions that will replace the revenue the CBI seeks when it ends the daily auctions.
______________________________________________________________
MadDScout (Dinar Guru) – [...if the budget is starting to be opened, will they be opening it with the new rate?] Rate is something subject to conditions needing to be met not something already in the budget.
______________________________________________________________
Kaperoni (Dinar Guru) – Article: “The appearance of Mohammed Saleh: the central bank has a big role to emerge from the financial crisis for the country” There is no private sector without opening the banking system to the world. Simple as that.
______________________________________________________________
BGG (Dinar Guru) –[how is investment?] The investment is doing just fine – glad to be in it. No need for “secret intel” sources. This is getting good. Alak (that would be the Gov of the CBI) and Abadi (that would be the Prime Minister of Iraq) were both “forecasting” the start of economic and financial reform as soon as ISIS was defeated in Mosul – they were believing this would have happened in Jan – Feb…BUT… their optimism is still real – “first part of 2017” is still accurate – this appears to be a foregone conclusion, ISIS gone – MR started. So – we’re good…and appears to be happening as we speak...
______________________________________________________________
Mohammed Saleh: The central bank has a big role to emerge from the financial crisis for the country
Economy News / Baghdad … Set up the House of Wisdom Department of Economic Studies panel scientific symposium, Thursday, on the implementation of private sector development in Iraq strategy requirements (2014 2030)
The seminar was attended by Dr. appearance of Mohammed Saleh financial advisor to the prime minister and professor Samir Nasiri, an economist and banking and a number of economists and bankers*
And Dr. appearance of Mohammed Saleh during the symposium on how strategic economic implement and apply them to the ground adding that the private sector is the backbone of the Iraqi economy and millions of citizens working within the private sector, calling out the importance of getting rid of the market gap through public sector cooperation and private in order to create a large market…
Enorrste (Dinar Guru) –The result, of course, will be an enormous upward pressure on the value of the dinar as new investment money comes into the country. You can rest assured that most of the “Fortune 500” companies in America, not to mention others around the world, will want to “stake their claim” in this market as soon as the proper conditions permit. That time frame has been given in this article: sometime in the fourth quarter of this year. I expect the float to begin late in the third quarter or early in the fourth quarter. I expect the money supply to fall with the rise in value of the dinar. Then I expect a cascading effect as more and more new money floods into Iraq for investment, thus putting even more upward pressure on the dinar value. Within two or three years we should see a world reserve currency emerge and be poised to take our profits. [post 3 of 3]
______________________________________________________________
Enorrste (Dinar Guru) – The next phrase that struck me is “the adoption of advanced banking technologies adopted by the biggest banks in the world.” This phrase emphasizes…that this article is clearly stating that Iraq will be opening the dinar to the world market by the end of this year. Following along with that…is that this will only happen if they also float the currency. This is where our investment will begin to pay off for us all. …this will have to be at least initiated prior to the end of this year. It is a process that will take some time to implement. It will be imperative that the CBI get the money out of the mattresses before allowing the value to rise too high in order to avoid serious inflation. This brings me to the last great phrase. That phrase is “the entry of active cooperation with the world’s largest companies.” Once this new high-tech banking system is in place we will see the “Wild West” that KAP [Guru Kaperoni] and I have described many times over the years begin to occur. Investors all over the world, and in particular “the world’s largest companies,” will leap at the chance to enter into this essentially untapped market. The guarantees (insurance) and electronic security provided by a state-of-the-art banking system akin to that used by the most advanced countries in the world will be a huge magnet for these mega-companies to get their feet wet in the Iraqi market. [post 2 of 3….stay tuned]
______________________________________________________________
Enorrste (Dinar Guru) – Article: “Central: financial sector management electronically end of 2017” There are four phrases in this article that got me excited…The first is the phrase “in the best world systems.” What this means is that the IMF is bypassing older and more traditional methods of change and are instead moving Iraq to the “front of the line” in terms of technological development. This is consistent with Saleh’s statement made years ago that the dinar would become a “world reserve currency.” When your banking system is among the world’s best that means that you are poised to move directly into the world foreign currency exchange market. But the next phrase is where Saleh’s statement about the dinar become a world reserve currency gains some credence. That phrase is “helps to pull the money supply of homes to the banking sector.” We have read over the years that this is a major concern, namely, how do we get people in Iraq to pull their dinars out of their mattresses and put them into the banking system? It seems evident from this phrase that this is intended to do just that. Now, the connection to Saleh’s prediction about the dinar becoming a world reserve currency is that as these dinars come out of the mattresses and into the banks they can be destroyed by the CBI, thus lowering the overall money supply, allowing the value of the dinar to rise. The rising value of the dinar, given their high relative reserve position, will ensure that the dinar will become one of the strongest currencies in the world. [post 1 of 3….stay tuned]
______________________________________________________________
Maliki afraid of his trial and the inauguration of the new governor of the capital to fuel the conflict between him and the Sadrists
Raged differences within the National Alliance, a Shiite ruler, after the dismissal of the former Baghdad Governor Ali al-Tamimi and the election Atwan Atwani substitute, where the former governor Ali al-Tamimi belongs to the Sadrist movement block free, while the new governor belongs to the bloc coalition of state law, led by Nuri al-Maliki, who began the liquidation of political opponents during his bloc in parliament, where he has managed in the last period of the dismissal of a number of ministers and officials in the government as a kind of revenge for the lack of support for the third term of the former Prime Minister, Vice President of the Republic the current Nouri al-Maliki, and the latest was the governor of Baghdad, Ali al-Tamimi, who formed his dismissal pivotal point in Shiite conflict within the House…
Adam Montana (Dinar Guru) – [adding to the previous question… what three 0 notes do you think they will want to take out of circulation? Do you think there is any chance they will not be taking the 5,000 note out of circulation?] My guess would be that the first to go will be the 25,000 and 10,000. Followed within 6 months (at most) by all the rest, to be replaced with the new issue. [post 2 of 2]
______________________________________________________________
Adam Montana (Dinar Guru) – [When they revalue it, no matter what number it goes to…Let’s say it’s .10 cents hypothetically. I think everyone pretty much agrees it will still rise from there. If that’s true, will they announce to the dinar holders that there is a certain amount of time to exchange yours? Or will that time limit be a mystery to everyone?] I do agree that it will rise, especially if they start it at $0.10…that said, it’s impossible to pinpoint which notes they will call in first, or how long they will allow the “old” notes to remain in circulation. Other countries that have re-denominated have used 90 days. I think it’s reasonable to think we can expect that much time, but there is no guarantee on that. [post 1 of 2….stay tuned]
______________________________________________________________
BGG (Dinar Guru) – Article: “Warnings of severe deterioration of the dinar after the appetite for dollar” This is an OP ED piece…Opinion of writer only…no guarantee of veracity… the big take-away for me was – the author points out a few things that are HISTORICALLY accurate – then says – IN ESSENCE, you can fix it all with currency reform. Quote: “…in addition to that some of the citizens and the owners of the money prefer the dollar for the dinar for easy transfer and retention of the fact that the money supply will be less, and that’s what we confirm it previously necessity currency project to delete the zeros of the three of the currency, which he can solve a lot of problems…” “...CAN – SOLVE – A – LOT – OF – PROBLEMS…” BOOM!
______________________________________________________________
IS leader Baghdadi abandons Mosul fight to field commanders, U.S. and Iraqi sources say
By Isabel Coles, John Walcott and Maher Chmaytelli | MOSUL, IRAQ/WASHINGTON
U.S. and Iraqi officials believe the leader of Islamic State, Abu Bakr al-Baghdadi, has left operational commanders behind with diehard followers to fight the battle of Mosul, and is now hiding out in the desert, focussing mainly on his own survival…
Loop (Dinar Guru) – “REACT controls on the main court of the organization and the Central Bank branch in Mosul” THEY RETAKE THE MOSUL BRANCH OF THE CBI AND THEY ARE READY TO ASSESS THE DAMAGES SO THEY CAN REPAIR IT AND OPEN THE DOORS.
______________________________________________________________
tlm724 (Dinar Guru) – Article: “Adviser at the Central Bank of Iraq overcome the financial crisis and will become the country’s foreign investment” Things are progressing nicely for Iraq. Stability is close at hand! IMO the currency reform is on the horizon. The CBI keeps on keeping on, making the needed adjustment to policy to make things right to go forward.
______________________________________________________________
Shredd (Dinar Guru) – Article: “Central Bank: the financial crisis behind us and the next few days are promising” Quote: “Iraq will become a country of foreign investment as a result of competing foreign international companies to invest in the reconstruction after the devastating cities recovered from Daesh.” This is a great reminder of the wealth Iraq has and the interest from foreign investment. “Iraq will become a country of foreign investment” — that is for sure and as note, that will become a huge part in the rebuilding of the country. In this same period of time, the stability that is sought by the CBI for their currency reform can then move forward. …this is not an “If” but a “When” regarding the legal tender, globally accepted dinar to become the primarily used currency of Iraq.The immense amount of progress in the banking and investment laws, the protections for investors, the banking customer vetting via KYC, the project to remove the zeros and so many more accomplishments all still stand. None of the progress the CBI and the GOI have made to mature from their past dictatorship have been repealed. Progress has been and continues to be forward.
______________________________________________________________
Islandg1211 (Dinar Guru) – Many of us were hoping that Trump would speed up the RV. He may not have done that, but rest assure he isn’t going to let it be delayed. He’s put pressure on getting rid of ISIS both in Mosul and in Raqqa. The RV needs, IMO, in this order: 1) Mosul (and then Raqqa) 2) National Reconciliation Law 3) Day of Celebration for getting rid of ISIS and coming together politically 4) HCL 5) RV with no announcement nor fanfare. Trump certainly could try to push a settlement politically quicker and get the RV done sooner. But, for right now, it looks to me like my prediction of mid-summer with my list of things getting done prior still stands. In January, I posted these same thoughts, and I don’t see anything new to amend my opinion on the RV date of mid-summer with a rate just above the USD, around $1.13 (the high end of the original Ernst and Young appraisal of the Dinar.)
______________________________________________________________
Kaperoni (Dinar Guru) – Article: “Central: financial sector management electronically end of 2017” Currency reform should start well before end of year IMO.
______________________________________________________________
MadDScout (Dinar Guru) – Article quote: “The local market has seen a marked decline in the dollar against the Iraqi dinar and by five thousand dinars to the category of $ 100.” “marked decline by five thousand dinars to the category of $ 100.” …what we are seeing is the measures by CBI recently put in place to bring the dinar street rate in line with the cbi rate even against a strong dollar. Today they received 30 billion in loan assistance…18 from imf and 12 from Great Britian.
______________________________________________________________
revbo (Dinar Guru) – Article: “Iraq forces advance into Mosul city” …the news is everywhere, this morning, that ISF has taken the second bridge, so they have at least secured the small district just to the west of the river, where the second bridge is, which gives them direct access to Old Mosul.
______________________________________________________________
Central bank: Iraq overcome the financial crisis and the coming days bode well
The Central Bank of Iraq adviser Walid Idi, that Iraq exceeded the financial crisis, pointing out that the coming days bode well.
He Idi said in a statement that the crisis austerity and fiscal deficit as a result of lower oil prices in the last period has ended, adding that, Iraq will become a country of foreign investment as a result of competing foreign international companies to invest in the reconstruction of liberated cities, and pointed Idi that the entry of foreign Iraq’s companies reflect a positive outlook It will contribute to attracting major countries to rebuild the liberated areas and the holding of joint agreements for investment as well as trade exchange and activate tourism and oil industry.
Loop (Dinar Guru) – to follow this comment up – the very next day they same thing happened again. The street rate for the Dinar got another 3k per 100 USD stronger… looking more and more like a trend. Monetary policy (in the real world) is tightening up…and I point this out because…the culmination of what we are wanting to see is being forecast by numerous other, smaller moves – this being one of them. Corruption, International agreement, financial mgmt procedures getting better, security and stability. All happening now.
______________________________________________________________
BGG (Dinar Guru) – Article: “Central bank: Iraq overcome the financial crisis and the coming days bode well” Quote: “…Iraq will become a country of foreign investment as a result of competing foreign international companies to invest in the reconstruction of liberated cities…” None of this can happen…without a serious shift in economic and currency policy. Just can’t happen. They are back to “forecasting” as they were in late 2016…this time – the timeline isn’t months or a part of the year…but it’s “days” in their own words…NOT weeks, months or years.
______________________________________________________________
Kaperoni (Dinar Guru) – Article: “Central: financial sector management electronically end of 2017” Quote: “...the current year will see in the fourth quarter sophisticated financially important is linking the banking sector…” This is a huge article! It appears to me that they are stating that this year they expect to open the banking system to the world. That freedom of movement and international transactions will begin. This to me, appears to be confirmation that during 2017 we will see the beginning of currency reform.
______________________________________________________________
Revbo (Dinar Guru) – Article: “Central Bank: the financial crisis behind us and the next few days are promising” Sounds like they want to get things moving pretty quickly after Mosul is over, and nobody’s coming in if they can’t get their money out.
______________________________________________________________
Phillyman (Dinar Guru) – Articles: “Iraqi command says a few meters close from Mosul government complex” “Iraqi forces control most of 2 western Mosul districts, pound Tal Afar” “Iraqi forces launch fresh push in western Mosul battle” “Iraqi forces near government buildings in Mosul as fight against ISIS continues” Obviously the timing of the Mosul operation being complete is all over the place but I wanted to put this quote from the first article here in case you missed it. This is the opinion of a Lt. General, Federal Police Chief: “He said the troops have become a few meters away from the government complex, adding that retaking that area could mean “a 80 percent strategic and moral victory in western Mosul battles”.
______________________________________________________________
Adam Montana (Dinar Guru) – I mentioned in my weekly…update that I’m getting a bit giddy right now. There’s a good reason for it! We are at a tipping point, and this is going to either make us some money, or we’re going to be walking away soon. Either way, I think all of us will be happy. Either we make out like bandits or we just say “we enjoyed the ride”, right?! Based on what I’m hearing from my people, I am leaning toward the bright side of it.
______________________________________________________________
Loop (Dinar Guru) – Quote: Article quote: “The local market has seen a marked decline in the dollar against the Iraqi dinar and by five thousand dinars to the category of $ 100.” marked decline by five thousand dinars to the category of $ 100. That is all it is saying.Not that the exchange rate 5000 dinar to 100 dollars. This is right in line with the CBI’s statement made on Wednesday. [so what does that mean…?] It means that the CBI has put a system into place that allows them…control of the stability of the dinar in the market place. This systems removes the middlemen and gives them end to end transparency for all transactions. This is exactly what the IMF wants them to do. Very important move on their part.
______________________________________________________________
Vision that the economic recovery in the post-Iraqi dinar
Economy News / Baghdad … The CBI has issued a press statement in which he explained that the slight decline in the dollar against the Aldenarabraghi it causes Alryise PROCEDURES AND ORGANIZATIONAL new used to regulate the sale of Currency window and curtail the role of middlemen and speculators as well as the commitment of the private banks and their cooperation with the Central Bank of cushions and the role played by the Association of Banks He urged the Iraqi special departments of banks on the need to support the orientations of the central bank at the service of the national economy and harnessing the potential of the private banks in the central purpose of which is to work on the recovery of the Iraqi dinar and raise its value and cash Acharayah against the dollar…
tman23 (Dinar Guru) – “Kurdistan region,— Masoud Barzani said the Iraqi Kurdistan Parliament and presidential elections will be held in September this year.” “There will be two elections in September: parliament and presidential,” Barzani said during an interview …I won’t be a candidate myself.” WHY IS THIS A FACTOR? TWO VERY POSITIVE SIGNS WITH ONE GLOWING IN NEON! AUGUST 2013 BARZANI CAME SPOKE OUT ON THE DINAR AND THE MENACING 3 ZEROS AND SAID HE WAS NOT LEAVING UNTIL THEY WERE LIFTED AND KURDISTAN COULD OPEN ITS ECONOMY…HE ALSO SAID HE WAS NOT LEAVING UNTIL KURDISTAN HAD ITS STATEHOOD…THE OPENING OF A FREE MARKET LEADS TO INDEPENDENCE…TOO MUCH GOING DOWN NOT TO THINK AGREEMENTS ARE READY TO SIGNED…NOT YOUR USUAL MEET FOR NATIONAL RECONCILIATION DISCUSSIONS OF THE PAST…i BELIEVE THEY MEET TO ANNOUNCE…AND SIGN…NOT NEGOTIATE!
______________________________________________________________
BGG (Dinar Guru) – Article: “Parliamentary Finance’s “approach” to postpone the project to delete the zeros until further notice” Quote: “…Finance Committee in the House of Representatives announced the postponement of the project to delete the zeros that was planned years ago to apply until further notice.” …that almost has the “smack” of her pointing out that this WAS PLANNED – then POSTPONED until further notice. Which is…accurate…they aren’t saying further notice isn’t tomorrow, next week or next month either. Why would they be “rehashing” a decision that was put off back in 2012 – right now? Over a concept that is DIRECTLY germane to their forward economic progress. In fact…it is a little weird this is coming out now – right near the end of Mosul… or in this “first part of 2017 timeframe” – why now? I think it’s obvious.
______________________________________________________________
Adam Montana (Dinar Guru) – …I have a couple of rumors that I’m holding onto. I had hoped to have a better confirmation on them before posting this… I do not have what I need in order to release it, so I’m sticking with my
original guesstimate of the rate. When I think about it, I hope I’m wrong and y’all are riding with me to a much higher rate! You don’t want to see $3.14 any more than I do! But I’m a realist, and that guides my logic on matters like this…Let’s move forward a few steps and talk about a ReValued dinar. I agree that a lower rate than the Kuwaiti Dinar will be a blow to the ego’s of the Iraqis. I agree that it should be on par with the USD, or even higher. I agree that the rate WILL get there… eventually. I believe that Iraq can sustain a very stable currency at a rate of $3 or higher, but I don’t think they will immediately jump to that rate even if they ultimately desire it to be so.
______________________________________________________________
Aggiedad77 (Dinar Guru) – Maybe it’s just me…but I’m thinking for a Friday that is an Iraqi holy day, we’ve seen a fair share of good news today as well as good moves on their part, especially with regard to Mosul and the progress being made there…plans of actions…actions put into play…we are moving forward…I think we’ve seen further confirmation of their intent post Mosul…post DAASH….in the right direction…the BEST is coming.
______________________________________________________________
Randy Koonce (Dinar Guru) – Everyone needs to be watching events in Mosul. As security improves with the continuing advancement of Iraqi forces, and the liberation of Mosul announced officially by Abadi, that will be when our window is the Best. Iraq is looking for security from ISIS, along with the US advisors that are there. Security and stability really are the keywords. And based on recent news on Mosul, it is getting closer. So, to repeat: We are watching for an official announcement from Abadi that Mosul has been Liberated. Based on the information I have right now, once that happens, it should not be but a matter of days. Everyone with a say in the matter wants this to happen. We are close.. Every large bank will exchange…RELAX the RV is coming… [post 2 of 2]
______________________________________________________________
Randy Koonce (Dinar Guru) – I have not sent out an updated report in a while because I have been waiting for another good window to open up. It looks like we may finally have one. If you have been watching reports from other gurus in Dinarland, you know by now that everyone seems to be gathering on the same page, once again. I want you to know that it does appear that conditions are coming together that are favorable for the RV to occur, hopefully for the last time. My various contacts are all telling me the same thing. We are very, very, very close right now. I would encourage you, before accepting any…announcement of a revaluation, to take the time to check at CBI.IQ to confirm that the rate has actually changed. You are looking for something along the lines of .289 in the dollar grid. If it says 1166 – No RV. However, if a decimal number, such as .289 or .256 (examples) appear – then you too have finally won the lottery! At least, that is what you are going to feel like. [post 1 of 2….stay tuned]
______________________________________________________________
After a break of 27 (years) Saudi Arabia is preparing to invest in Iraq
After a break of twenty-seven years, Saudi Arabia expressed their willingness to invest in Iraq during a visit by its foreign minister, Adel al-Jubeir to Baghdad last week. This desire met with greetings by members of the House of Representatives calling on all Arab countries, including Western and extend a helping hand to Iraq…
Kaperoni (Dinar Guru) –The spread in Iraq is dropping. Good news! 1250.
______________________________________________________________
Holly1 (Dinar Guru) – Quote: “Haitham Alaffas The central bank works to support the Iraqi dinar and reliable sources suggest the landing of the dollar to 122 in the next week” [what does ‘landing of the dollar to 122 in the next week’ mean?] IMO.. THE DOLLAR 122…NEXT WEEK GO DOWN…IN MY WAY OF THINKING…AND I DONT THINK LIKE A IRAQI…I WOULD THINK THAT IS WHAT HE IS SAYING …IMO. FINGERS CROSSED…
______________________________________________________________
tman23 (Dinar Guru) – Iraq has been operating for years with a parallel rate…which is 2 rates…So much as the IMF told them back early 2016 to get off it… Now we are seeing that unfold as all banks in Iraq are connected to the CBI and in unison with exchange rate… YET we have not seen the CBI update the DATE on their website for indicative rates... Indicative–expressing simple statement of a fact. And with that thought, one can make the assumption that possibly the fact is the rate is no longer what the CBI has published on their site…therefore they have not updated the date…
______________________________________________________________
Kaperoni (Dinar Guru) – Article: “Consultant Abadi: Cancel the foreign exchange control department of the Central Bank of the need for the new system” Quotes: “…a “need” a new political system based on a market economy…” “…in the democratic systems that rely policy of market economy, it gives freedom of movement of money…” I believe Saleh is calling for the transition to a market economy. This would then end the daily auctions as the CBI would move to IMF Article VIII, get off the peg and float the dinar.
______________________________________________________________
A Dinar Round Table Call “with the whole DU Crew!!” from Wed nite – Mar 1st Click-N-Listen!!
Kaperoni (Dinar Guru) – Article: “Consultant Abadi: Cancel the foreign exchange control department of the Central Bank of the need for the new system” Quotes: “…a “need” a new political system based on a market economy…” “…in the democratic systems that rely policy of market economy, it gives freedom of movement of money…” I believe Saleh is calling for the transition to a market economy. This would then end the daily auctions as the CBI would move to IMF Article VIII, get off the peg and float the dinar.
______________________________________________________________
BGG (Dinar Guru) – [I just heard on Fox news that somebody felt it might take a year to get ice is out of Mozel.] They are HAMMERING AWAY at these guys RIGHT NOW. This won’t take a year…It won’t take a month…in fact, over the last several days, in spite of HEAVY FIGHTING, there are maps showing the Iraqi regulars holding nearly 20% of the last half of Mosul. Iraq is hitting ISIS in Syria – CUTTING OFF ROUTES of escape. This is a “TURKEY SHOOT” about to happen.
______________________________________________________________
Kaperoni (Dinar Guru) – Article: “Commercial layer “parasitic” I run the Americans in Iraq and the balance of the bank continues to decline” Quote: “…the current value of the Iraqi dinar is not a real value but a value for the stability and the alternative is a monetary reserves because the government can not afford to float the currency politically.” IMO, they wouldn’t be talking about it, if it was not the plan. Soon we can hope the float will start.
______________________________________________________________
Elements Daesh surrender near the government compound
BAGHDAD / Sky Press – A security source in Nineveh province, on Tuesday, the six members of the organization Daesh surrendered to security forces near the government compound.
The source said that six members of the organization Daesh surrendered to military cuts near the government complex in the right coast of the city of Mosul…
tlm724 (Dinar Guru) – Article: “The Ministry of Commerce held a conference last week that “trade policy and economic reform” with broad participation and the presence of specialists in the economy.” [What is your take on this… Quote: “…the current value of the Iraqi dinar is not a real value but a value for the stability and the alternative is a monetary reserves because the government can not afford to float the currency politically.”] I think when it says “the government can not afford to float the currency politically” they are right. Politically here is no Minister of Finance and the CBI governor is a Bozo, that is some serious instability if you ask me. We all know the dinar is grossly undervalued and the reserves are down because Iraq is just now graduating from the Economic’s 101 class. They are making great progress with the electronic system which is very encouraging. Without that piece of the puzzle we would have little hope! They need liquidity badly and the only way they are going to get peoples money is to make those deposit’s insured. That is what I am looking for next!
______________________________________________________________
Loop (Dinar Guru) – LOVE THE DUE DILIGENCE THAT THE BANKS AND GOI ARE DOING! IT SHOWS A REAL COMMITMENT, ON THEIR PART, TO STOP THE CORRUPTION ONCE AND FOR ALL. THEY STILL HAVE MUCH WORK TO DO ON THIS FRONT. ONE THING HAS BECOME VERY APPARENT TO ANYONE READING THE NEWS…THEY ARE DONE ALLOWING THEIR WEALTH TO BE STOLEN BY CROOKS. THIS BODES VERY WELL FOR THE IRAQI CITIZENS AND US! THIS IS EXACTLY WHAT THE IMF NEEDS TO SEE THEM DOING!
______________________________________________________________
Kaperoni (Dinar Guru) – Article: “Central Bank Governor: We support researchers and experts” Quote: “…the strength of the role of the banking sector is largely based on the strength of the economy and the stability and diversity, and its role in supporting and stimulating the private sector as the fundamental basis for the economy and growth.” No secrets or shortcuts. Though not what most want to hear, it is what we want to hear. Simply because as the economy grows so will the dinar…Balassa-Samuelson effect.
______________________________________________________________
Iraqi Stock Exchange is looking forward to new laws to operate locally and globally launched
Baghdad / Zahra al-Jassem – Digital Panel abuzz with various colors and accounts rapidly, has stuck to glance necks and eyes Mitrqubh in a medium – sized trading hall transparent barrier separates it from trading companies offices inside.
This concise picture of the Iraqi Stock Exchange (KSE) , which is packed with elderly men and record attendance rarely women. This market traded started manually after the change in 2003, is limited to the participation of shares of only 15 companies, before he knew the electronic trading system for the first time in 2009, a jump of trading the indices by 50%, and is open to foreign investors is also in the year 2017. The Iraqi Stock Exchange , like every other bourse, digital world does not care about non – financial secrets though thrones crumbled, but not lulled to rest only when the curtain falls , announcing the end of the presentation…
BGG (Dinar Guru) – “Iraqi Stock Exchange is looking forward to new laws to operate locally and globally launched“ Iraqi Stock Exchange is looking forward to new laws to operate locally and globally launched! Holy $*%&! Did I just read that right? There is a reason they are talking about this right now…it would appear this is on the verge of happening.
______________________________________________________________
Loop (Dinar Guru) – Article: “Rasheed develop a plan to open branches in the liberated areas Banks” What caught my attention in this article was that they are in starting to talk about opening and rolling out modern & advanced services in the liberated areas. This says one thing to me. They feel the there is enough SABILITY and SECURITY in the liberated areas to move forward with normalized banking operations. Which means that they must feel that there is little or no threat that the banks funds will fall into the hands to Daesh.
______________________________________________________________
Loop (Dinar Guru) – Article: “Iraq complains Ministry of Finance’s lack of cooperation with the retirement body: disgruntled pensioners of procedures” Quote: “Rafidain Bank was forced to exchange for several months, in spite of the suffering experienced by the bank, due to the lack of liquidity…” due to the lack of liquidity…I KNOW WHAT WOULD FIX THE ISSUE…INCREASING THE PURCHASE POWER OF THE DINAR!
______________________________________________________________
Loop (Dinar Guru) – The Iraqi’s are continuing to show us daily that they are very serious about reforming every level of their government to provide a better future for their people. Corruption is being dealt with as they find it. There is still much work to be done on this front. But the speed at which they are confronting it is spectacular.. IMO.The battle to free the Right coast is progressing very nicely. The on going media blitz on Maliki is very telling. His time is coming to and end. His is about to reap the what he has sown. IMO. Munich was a definite catalyst for the recent move on him. IMO…It’s shows how close we are getting to realize the the fruits of our labor… The continued dialogue in the media about national reconciliation shows how serious they are about it. It’s not over until the fat Iraqi woman sings, but I have a feeling that she is about to belt out one heck of a tune!
______________________________________________________________
Delta (Dinar Guru) – [Dont know if relevant? “DEAL-Iraq’s First International, Sovereign Bond“] NOT ONLY RELEVANT…BUT VERY HUGE! IRAQ HAS ISSUED ITS FIRST EVER INTERNATIONAL SOVEREIGN BOND. IT WAS ISSUED ON 02/24/17. [There were contingency for this … They decided.] YES…THAT’S WHY IT’S HUGE…WARKA TOTAL BLOCKED TODAY.
______________________________________________________________
BGG (Dinar Guru) –I am very excited about the recent progress on Mosul, economic reform, international support (potentially international acceptance) and more. Literally and AVALANCHE of news. It seems Abadi is again “forecasting” as he was back in late 2016. What this means?? Anybody’s guess.
______________________________________________________________
Loop (Dinar Guru) –The Iraqis are continuing to show us daily that they are very serious about reforming every level of their government to provide a better future for their people. Corruption is being delt with as they find it. There is still much work to be done on this front. But the speed at which they are confronting it is spectacular.. IMO
______________________________________________________________
Enorrste (Dinar Guru) – Article: “Parliamentary Finance: Iraq’s debt rising to more than 126 trillion dinars” Quote: “The Committee suggested that the Government, if the price per barrel rose to above $ 45, to go surplus funds to the central bank to increase the cash reserve, or the repayment of foreign debt.” I found the …article…referenced just above to be interesting. It says that at $45 per barrel Iraq would be in a surplus position. According to NASDAQ the current price of oil is $54 per barrel. This means that Iraq has apparently cured their budget deficit problems, at least according to the IMF. It is also for this reason that the IMF can postulate that reserves in Iraq will rise significantly over the next 2 or 3 years to $91 billion. Having said that, I feel that the IMF in making these statements is quite confident that things are moving in the right direction for them to initiate the float this year.
______________________________________________________________
Loop (Dinar Guru) – Article: “Parliamentary oil suggest the presence of 300 billion barrels of undiscovered” Quote: “...said the oil profanity by Mehdi al-Hafez, Tuesday, that there is a plan of action will begin to explore more than 300 billion barrels of oil, Iraq added to the reserve.” If Hafiz is correct Iraq will have the largest reserves in the world. What we do know for sure is that they just add 10 billion to their reserves last week. Iraq is currently 5th in the world as far as oil reserves go. Much of their country has yet to be explored for oil. I would be surprised if they do not find much more.
______________________________________________________________
Abadi condemning al-Maliki in the fall of Mosul
East News – Maliki was sentenced fateful and disastrous in all specifications. Iraq has tasted the scourge and calamities for eight years in lean times Kalhandal, wherein deepened the rift and dissent and the wounds between the people and factions , components, and they took control of hatred, hostility and hatred welcomed the seeds of revenge.
The corruption and financial looting came to the brink of bankruptcy treasury Iraq, testified golden age in the robbery and banditry, and its Tcatherat plays Althregih irony and comedy, prepared its advance, production and directing will come with the escape of hundreds of prisoners, criminals , terrorists murderers from prison, and his covenant fateful escalated the language of intolerance and arrogance and arrogance, even dealing political stupidity reckless, WAM Great misfortunes represented the fall of Mosul, not confrontational war, but in the receipt by hand to organize Daesh terrorist, leaving the fate of more than two million citizens in the brink of danger and death and slaughter, and then continue the series of calamities followed the fall of the three other provinces which (Anbar, Salahuddin and Diyala)…
Kaperoni (Dinar Guru) – Article: “Abadi Votal discuss the battle of Mosul and international support for Iraq” I don’t expect the CBI to “flip” a switch the day after liberalization of Mosul. It will take some time to stabilize the area and begin the clean up, return citizens to their homes etc. So we could be waiting a few months after before the CBI decides to begin currency reform. Especially with the spread still not close to 2%.
______________________________________________________________
Kaperoni (Dinar Guru) – Article: “Iraq joined the Convention on the transparency of the arbitration between investors and states” Quote: “This agreement is an important message and clear to the world that Iraq is a major hub in the Middle East for investment and reconstruction and construction,” noting that “this agreement adopted by the United Nations to save the rights transparently in the event of a conflict between investors and states.” Dispute resolution is critical. A good sign.
______________________________________________________________
Kaperoni (Dinar Guru) – Keep in mind, there are several things that could effect the reserves. Oil prices could skyrocket to $100 +, they could officially get out of UN Chapter 7 and get some funds that are being held released, etc. But it seems like the IMF has a plan with the CBI. We all have seen the efforts the last 12 months or so to improve the banking system. So despite these possibilities, I believe the reason is more in line with improving Iraq’s economy, putting people to work, rebuilding post ISIL and opening the banking system to the world for investment…at least we can hope anyway. [post 2 of 2]
______________________________________________________________
Kaperoni (Dinar Guru) – Article: “IMF confirms the stability of Iraq’s reserves of hard currency” Quote: “the IMF said in his study, that Iraq reserves will arrive in 2018 to $ 62 billion , and then rise to $ 91 billion in 2020 due to improved conditions of the Iraqi economy and oil exports and its derivatives and the sufficiency of electricity imported to some provinces and gas export and promotion of tourism, industry and all economic resources bode well“ I think the important thing here is that something pretty substantial must occur this year for this forecast to be true. As we all should know by now, Iraqi oil is not enough at the current prices to increase reserves because they spend more than they make. So I expect them to transition to a market economy this year in order to improve the reserves by $50 billion over the next two years or so. [post 1 of 2….stay tuned]
______________________________________________________________
Kaperoni (Dinar Guru) – Article: “Abadi condemning al-Maliki in the fall of Mosul” He wanted to be Prime Minister, time he take responsibility for his actions or lack there of.
______________________________________________________________
Loop (Dinar Guru) –His opinion is that .83333 cents to the dollar would be more managable. [So the exchange rate would be 1/.83 = $1.20. 1 divided by .83…In USD] This is where they feel they can defend (support) the rate based on their current economic capacity. This will increase over time has they economy grows. Remember that this is one persons opinion. What is so very encouraging is that this really shows that the expectation is a marked increase in value, which is very positive for this investment. Mr White made an excellent point…about them not having much to export, other than oil that is. The price of oil is fixed in the world markets and is traded in petro dollars so oil would not be effected by the increased dinar value. For the rest the GOI can always do what we do in the USA. What I am referring to is subsidizing the exports to bring the price down. This ensures that industries flourish while keeping the costs of exports low. [post 2 of 2]
______________________________________________________________
Loop (Dinar Guru) – Article quotes: “Since more than four years and officials in Iraq are talking about a project monetary reform in which to raise the Iraqi currency exchange rate against the dollar so that the new dinar equals 1.2 dinars to the dollar instead of 1200.” “But the move was postponed to a later date due to the exit of some Iraqi areas under government control after the occupation of «Daesh» her. Then the military operations began to recover these areas which still exist. The government is expected to return to the project itself after the end of military operations.” “The price of the Iraqi dinar former (US $ 3.2) was exaggerated and will continue to be overrated if has to return to it in the future. It will make imports cheaper, but it hinders improvement of production and export capacity of Iraq, may be the price of 1.2 dinars to the dollar or dinar against the dollar is a good price.” So this economist is saying that while 3.2 dollars per dinar (Old rate) would make imports much cheaper it would cause exports to be expensive. [post 1 of 2….stay tuned]
______________________________________________________________
Kaperoni (Dinar Guru) – Article: “Funding Facility for Economic Reform established to invigorate IraqÂ?s reform initiatives” Quote: “…UNDP will support the Government of Iraq to address key economic challenges and invigorate the reform agenda. Diversifying the economy, increasing national income, and improving the management of national assets will be of specific focus.” Very good article. It appears the UN is helping Iraq push these needed reforms forward.
______________________________________________________________
Enorrste (Dinar Guru) – Instead, KAP discovered years ago and we have elaborated on many times, a floating currency is the only thing that will work in the real world. But more importantly, this guy is convinced that a value of somewhere around $1.20 per dinar is economically feasible and desirable. Furthermore, he implies that this has been in the government’s plan book for over 4 years, as KAP has already explained for the last 4 years! In other words, he is confirming…the correct view of the situation while at the same time specifically denying that an RV would work. Finally, as KAP noted, we see that, at least from this writer’s point of view, the only thing now holding up the implementation of the float is the ISIS situation. It is anyone’s guess what will be necessary to convince the government to move forward, but it is possible that recovery of Mosul might be sufficient. Only time will tell. [post 2 of 2]
______________________________________________________________
Enorrste (Dinar Guru) – Article: “Raise the price of the Iraqi dinar to the fore again” Quotes: “Some Iraqi economist calls for the government to lift the Iraqi dinar exchange rate against the dollar until the rising purchasing power and increasing confidence it represents the sovereignty of Iraq…” “…Since more than four years and officials in Iraq are talking about a project monetary reform in which to raise the Iraqi currency exchange rate against the dollar so that the new dinar equals 1.2 dinars...” “The government is expected to return to the project itself after the end of military operations.” This is one of the most positive articles I have read in a long time.The author clearly states that it is not possible to “RV” in the traditional sense and explains why. [post 1 of 2….stay tuned]
______________________________________________________________
A Dinar News Time Call “with the DU FaceBook Crew!!” from Thurs nite – Feb 23rd Click-N-Listen!!
Adam Montana (Dinar Guru) – The question, then, is “When will the Dinar Currency of Iraq Revalue?” This investment is not a scam, but you must be prepared to wait for things to happen. It may revalue, or “reinstate”, to a previous level, which would make many of us rich overnight… or it might grow slowly, over time, giving a nice return on an investment that many of us were smart enough to make. One thing I do know, for a fact… the Iraqi Dinar will not stay at it’s current “value” forever. [post 3 of 3]
______________________________________________________________
Adam Montana (Dinar Guru) –Here are a couple of very real facts: Iraq has a majority of the world’s natural reserves and crude oil, putting it on the same level as Saudi Arabia and Kuwait. If you know anything at all about Saudi Arabia and Kuwait, you should know that their currency is very valuable and their natural resources are the reason. So, why isn’t Iraq as rich as Saudi Arabia and Kuwait? That answer is simple – they only recently established a stable government, elections are now being held successfully, and the march towards financial recovery is progressing steadily. Crime and terrorism is lower and lower all the time! And just as importantly – the Iraqi people are unjustly impoverished as a result of the recent chaos, and they cannot remain in that situation for much longer – not when they control a major amount of the world’s “black gold”. [post 2 of 3….stay tuned]
______________________________________________________________
Adam Montana (Dinar Guru) –This is the question I’ve been seeing a lot lately: “Is it a scam”? In a word – NO. The Iraqi Dinar is an item that has a past, present, and future value. We can put a dollar amount on that value for the past and the present, so the only real question is what the future value will be. If the value raises, you can profit. It’s THAT simple. Keep this in mind when you read anything on the dinar – a savvy speculator must always be able to separate fact, opinion, and distractions. Here are some facts that will help you with this question of whether or not the “Iraqi Dinar” is a scam. The Iraqi Dinar Currency that is used today in Iraq is arguably one of the most sophisticated currencies in the world. The technology that makes it almost impossible to effectively produce usable counterfeit dinar currency is amazing. …what about the “investment” itself? Is investing in the dinar currency a scam? The simplest concept you need to understand when talking about the Dinar Currency is that nobody is going to be able to tell you exactly when it will revalue. But does that mean the Iraqi Dinar Currency hype is a scam? Absolutely not! [post 1 of 3….stay tuned]
______________________________________________________________
firefly (Dinar Guru) –Article: “Include the introduction of modern irrigation systems” Quote: “The Ministry of Agriculture to prepare new plans aimed at developing the sector, by increasing production through farmer support modern systems of irrigation legalized.” Remember, one of the IMF requirements was to have Iraq diversify their reserves other than just oil. Agriculture is as great an ASSET as is oil and gold. Iraq is following the IMF requirements to the TEE.
______________________________________________________________
Kaperoni (Dinar Guru) – …measures need to be in place for the success of the transition from a fixed rate to a float. Just exactly to what extent is yet to be seen. That being said, I believe once the dinar is internationally convertible worldwide and the CBI is in Article VIII, demand will increase for the dinar. Just the exposure alone to the world financial system should be enough to create some upward movement in the value.
______________________________________________________________
Kaperoni (Dinar Guru) – Article: “Raise the price of the Iraqi dinar to the fore again” Seems pretty clear that the author/economists want to raise the value gradually like we have stated over and over. The good news is they say they expect it to start once ISIL is gone. Quote: “The government is expected to return to the project itself after the end of military operations.”
______________________________________________________________
A Dinar Round Table Call “with the whole DU Crew!!” from Tues nite – Feb 21st Click-N-Listen!!
BGG (Dinar Guru) – “Headline: Securities recorded an increase of 308% in the number of shares traded last week” (that would be for the ISX)…and 130.7% the week before...it would appear the “chunky money” and investors are feeling more and more secure in their own market place BY THE DAY! [That’s a week over week volume increase.] They know what’s coming. I just hope they leave a little meat on the bone for us. It just shows the mood of the private investor – which is good for us…They aren’t complaining about the “worthlessness of their currency” – they are slingin’ that stuff around like a fat kid chasing ice cream cones!
______________________________________________________________
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.
______________________________________________________________
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.
______________________________________________________________
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%.
______________________________________________________________
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.
______________________________________________________________
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.
______________________________________________________________
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…
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).
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.
______________________________________________________________
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.
______________________________________________________________
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 ****.
______________________________________________________________
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.
______________________________________________________________
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]
______________________________________________________________
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]
______________________________________________________________
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.
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!
______________________________________________________________
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.
______________________________________________________________
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]
______________________________________________________________
MadDScout (Dinar Guru) – [...if the budget is starting to be opened, will they be opening it with the new rate?] Rate is something subject to conditions needing to be met not something already in the budget.
______________________________________________________________
Kaperoni (Dinar Guru) – Article: “The appearance of Mohammed Saleh: the central bank has a big role to emerge from the financial crisis for the country” There is no private sector without opening the banking system to the world. Simple as that.
______________________________________________________________
BGG (Dinar Guru) –[how is investment?] The investment is doing just fine – glad to be in it. No need for “secret intel” sources. This is getting good. Alak (that would be the Gov of the CBI) and Abadi (that would be the Prime Minister of Iraq) were both “forecasting” the start of economic and financial reform as soon as ISIS was defeated in Mosul – they were believing this would have happened in Jan – Feb…BUT… their optimism is still real – “first part of 2017” is still accurate – this appears to be a foregone conclusion, ISIS gone – MR started. So – we’re good…and appears to be happening as we speak...
______________________________________________________________
Follow us on twitter @DinarUpdates !!
Dinar Updates – “NEWS TIME” w/BGG & Company – Mar 12th 6:30pm CST – In the DU CHAT Room!!
Enorrste (Dinar Guru) –The result, of course, will be an enormous upward pressure on the value of the dinar as new investment money comes into the country. You can rest assured that most of the “Fortune 500” companies in America, not to mention others around the world, will want to “stake their claim” in this market as soon as the proper conditions permit. That time frame has been given in this article: sometime in the fourth quarter of this year. I expect the float to begin late in the third quarter or early in the fourth quarter. I expect the money supply to fall with the rise in value of the dinar. Then I expect a cascading effect as more and more new money floods into Iraq for investment, thus putting even more upward pressure on the dinar value. Within two or three years we should see a world reserve currency emerge and be poised to take our profits. [post 3 of 3]
______________________________________________________________
Enorrste (Dinar Guru) – The next phrase that struck me is “the adoption of advanced banking technologies adopted by the biggest banks in the world.” This phrase emphasizes…that this article is clearly stating that Iraq will be opening the dinar to the world market by the end of this year. Following along with that…is that this will only happen if they also float the currency. This is where our investment will begin to pay off for us all. …this will have to be at least initiated prior to the end of this year. It is a process that will take some time to implement. It will be imperative that the CBI get the money out of the mattresses before allowing the value to rise too high in order to avoid serious inflation. This brings me to the last great phrase. That phrase is “the entry of active cooperation with the world’s largest companies.” Once this new high-tech banking system is in place we will see the “Wild West” that KAP [Guru Kaperoni] and I have described many times over the years begin to occur. Investors all over the world, and in particular “the world’s largest companies,” will leap at the chance to enter into this essentially untapped market. The guarantees (insurance) and electronic security provided by a state-of-the-art banking system akin to that used by the most advanced countries in the world will be a huge magnet for these mega-companies to get their feet wet in the Iraqi market. [post 2 of 3….stay tuned]
______________________________________________________________
Enorrste (Dinar Guru) – Article: “Central: financial sector management electronically end of 2017” There are four phrases in this article that got me excited…The first is the phrase “in the best world systems.” What this means is that the IMF is bypassing older and more traditional methods of change and are instead moving Iraq to the “front of the line” in terms of technological development. This is consistent with Saleh’s statement made years ago that the dinar would become a “world reserve currency.” When your banking system is among the world’s best that means that you are poised to move directly into the world foreign currency exchange market. But the next phrase is where Saleh’s statement about the dinar become a world reserve currency gains some credence. That phrase is “helps to pull the money supply of homes to the banking sector.” We have read over the years that this is a major concern, namely, how do we get people in Iraq to pull their dinars out of their mattresses and put them into the banking system? It seems evident from this phrase that this is intended to do just that. Now, the connection to Saleh’s prediction about the dinar becoming a world reserve currency is that as these dinars come out of the mattresses and into the banks they can be destroyed by the CBI, thus lowering the overall money supply, allowing the value of the dinar to rise. The rising value of the dinar, given their high relative reserve position, will ensure that the dinar will become one of the strongest currencies in the world. [post 1 of 3….stay tuned]
______________________________________________________________
IS leader Baghdadi abandons Mosul fight to field commanders, U.S. and Iraqi sources say
By Isabel Coles, John Walcott and Maher Chmaytelli | MOSUL, IRAQ/WASHINGTON
U.S. and Iraqi officials believe the leader of Islamic State, Abu Bakr al-Baghdadi, has left operational commanders behind with diehard followers to fight the battle of Mosul, and is now hiding out in the desert, focussing mainly on his own survival…
Adam Montana (Dinar Guru) – [adding to the previous question… what three 0 notes do you think they will want to take out of circulation? Do you think there is any chance they will not be taking the 5,000 note out of circulation?] My guess would be that the first to go will be the 25,000 and 10,000. Followed within 6 months (at most) by all the rest, to be replaced with the new issue. [post 2 of 2]
______________________________________________________________
Adam Montana (Dinar Guru) – [When they revalue it, no matter what number it goes to…Let’s say it’s .10 cents hypothetically. I think everyone pretty much agrees it will still rise from there. If that’s true, will they announce to the dinar holders that there is a certain amount of time to exchange yours? Or will that time limit be a mystery to everyone?] I do agree that it will rise, especially if they start it at $0.10…that said, it’s impossible to pinpoint which notes they will call in first, or how long they will allow the “old” notes to remain in circulation. Other countries that have re-denominated have used 90 days. I think it’s reasonable to think we can expect that much time, but there is no guarantee on that. [post 1 of 2….stay tuned]
______________________________________________________________
BGG (Dinar Guru) – Article: “Warnings of severe deterioration of the dinar after the appetite for dollar” This is an OP ED piece…Opinion of writer only…no guarantee of veracity… the big take-away for me was – the author points out a few things that are HISTORICALLY accurate – then says – IN ESSENCE, you can fix it all with currency reform. Quote: “…in addition to that some of the citizens and the owners of the money prefer the dollar for the dinar for easy transfer and retention of the fact that the money supply will be less, and that’s what we confirm it previously necessity currency project to delete the zeros of the three of the currency, which he can solve a lot of problems…” “...CAN – SOLVE – A – LOT – OF – PROBLEMS…” BOOM!
______________________________________________________________
Kaperoni (Dinar Guru) – Article: “Central: the auction of the currency, “a transitional entity” and the need for him is still ongoing ” The good part about this article is that they refer to the auctions as a “transitional entity” which to me only means that they plan to float the dinar and make it internationally convertible and traded. Only such a move would give the CBI an alternative source of revenue via commissions.
______________________________________________________________
Loop (Dinar Guru) – “REACT controls on the main court of the organization and the Central Bank branch in Mosul” THEY RETAKE THE MOSUL BRANCH OF THE CBI AND THEY ARE READY TO ASSESS THE DAMAGES SO THEY CAN REPAIR IT AND OPEN THE DOORS.
______________________________________________________________
Kaperoni (Dinar Guru) – I know many do get it..but some still cannot grasp and think the dinar must RV prior to investors coming to Iraq…when the reality is…it is a tool of the CBI to counter the inflationary pressure creating by the very investment we expect to see….”to accommodate a possible real exchange rate appreciation while keeping domestic inflation low.”.
______________________________________________________________
tlm724 (Dinar Guru) – Article: “Adviser at the Central Bank of Iraq overcome the financial crisis and will become the country’s foreign investment” Things are progressing nicely for Iraq. Stability is close at hand! IMO the currency reform is on the horizon. The CBI keeps on keeping on, making the needed adjustment to policy to make things right to go forward.
______________________________________________________________
Shredd (Dinar Guru) – Article: “Central Bank: the financial crisis behind us and the next few days are promising” Quote: “Iraq will become a country of foreign investment as a result of competing foreign international companies to invest in the reconstruction after the devastating cities recovered from Daesh.” This is a great reminder of the wealth Iraq has and the interest from foreign investment. “Iraq will become a country of foreign investment” — that is for sure and as note, that will become a huge part in the rebuilding of the country. In this same period of time, the stability that is sought by the CBI for their currency reform can then move forward. …this is not an “If” but a “When” regarding the legal tender, globally accepted dinar to become the primarily used currency of Iraq.The immense amount of progress in the banking and investment laws, the protections for investors, the banking customer vetting via KYC, the project to remove the zeros and so many more accomplishments all still stand. None of the progress the CBI and the GOI have made to mature from their past dictatorship have been repealed. Progress has been and continues to be forward.
______________________________________________________________
Islandg1211 (Dinar Guru) – Many of us were hoping that Trump would speed up the RV. He may not have done that, but rest assure he isn’t going to let it be delayed. He’s put pressure on getting rid of ISIS both in Mosul and in Raqqa. The RV needs, IMO, in this order: 1) Mosul (and then Raqqa) 2) National Reconciliation Law 3) Day of Celebration for getting rid of ISIS and coming together politically 4) HCL 5) RV with no announcement nor fanfare. Trump certainly could try to push a settlement politically quicker and get the RV done sooner. But, for right now, it looks to me like my prediction of mid-summer with my list of things getting done prior still stands. In January, I posted these same thoughts, and I don’t see anything new to amend my opinion on the RV date of mid-summer with a rate just above the USD, around $1.13 (the high end of the original Ernst and Young appraisal of the Dinar.)
______________________________________________________________
Kaperoni (Dinar Guru) – Article: “Central: financial sector management electronically end of 2017” Currency reform should start well before end of year IMO.
______________________________________________________________
MadDScout (Dinar Guru) – Article quote: “The local market has seen a marked decline in the dollar against the Iraqi dinar and by five thousand dinars to the category of $ 100.” “marked decline by five thousand dinars to the category of $ 100.” …what we are seeing is the measures by CBI recently put in place to bring the dinar street rate in line with the cbi rate even against a strong dollar. Today they received 30 billion in loan assistance…18 from imf and 12 from Great Britian.
______________________________________________________________
revbo (Dinar Guru) – Article: “Iraq forces advance into Mosul city” …the news is everywhere, this morning, that ISF has taken the second bridge, so they have at least secured the small district just to the west of the river, where the second bridge is, which gives them direct access to Old Mosul.
______________________________________________________________
Central bank: Iraq overcome the financial crisis and the coming days bode well
The Central Bank of Iraq adviser Walid Idi, that Iraq exceeded the financial crisis, pointing out that the coming days bode well.
He Idi said in a statement that the crisis austerity and fiscal deficit as a result of lower oil prices in the last period has ended, adding that, Iraq will become a country of foreign investment as a result of competing foreign international companies to invest in the reconstruction of liberated cities, and pointed Idi that the entry of foreign Iraq’s companies reflect a positive outlook It will contribute to attracting major countries to rebuild the liberated areas and the holding of joint agreements for investment as well as trade exchange and activate tourism and oil industry.
Loop (Dinar Guru) – to follow this comment up – the very next day they same thing happened again. The street rate for the Dinar got another 3k per 100 USD stronger… looking more and more like a trend. Monetary policy (in the real world) is tightening up…and I point this out because…the culmination of what we are wanting to see is being forecast by numerous other, smaller moves – this being one of them. Corruption, International agreement, financial mgmt procedures getting better, security and stability. All happening now.
______________________________________________________________
BGG (Dinar Guru) – Article: “Central bank: Iraq overcome the financial crisis and the coming days bode well” Quote: “…Iraq will become a country of foreign investment as a result of competing foreign international companies to invest in the reconstruction of liberated cities…” None of this can happen…without a serious shift in economic and currency policy. Just can’t happen. They are back to “forecasting” as they were in late 2016…this time – the timeline isn’t months or a part of the year…but it’s “days” in their own words…NOT weeks, months or years.
______________________________________________________________
Kaperoni (Dinar Guru) – Article: “Central: financial sector management electronically end of 2017” Quote: “...the current year will see in the fourth quarter sophisticated financially important is linking the banking sector…” This is a huge article! It appears to me that they are stating that this year they expect to open the banking system to the world. That freedom of movement and international transactions will begin. This to me, appears to be confirmation that during 2017 we will see the beginning of currency reform.
______________________________________________________________
Revbo (Dinar Guru) – Article: “Central Bank: the financial crisis behind us and the next few days are promising” Sounds like they want to get things moving pretty quickly after Mosul is over, and nobody’s coming in if they can’t get their money out.
______________________________________________________________
Phillyman (Dinar Guru) – Articles: “Iraqi command says a few meters close from Mosul government complex” “Iraqi forces control most of 2 western Mosul districts, pound Tal Afar” “Iraqi forces launch fresh push in western Mosul battle” “Iraqi forces near government buildings in Mosul as fight against ISIS continues” Obviously the timing of the Mosul operation being complete is all over the place but I wanted to put this quote from the first article here in case you missed it. This is the opinion of a Lt. General, Federal Police Chief: “He said the troops have become a few meters away from the government complex, adding that retaking that area could mean “a 80 percent strategic and moral victory in western Mosul battles”.
______________________________________________________________
Adam Montana (Dinar Guru) – I mentioned in my weekly…update that I’m getting a bit giddy right now. There’s a good reason for it! We are at a tipping point, and this is going to either make us some money, or we’re going to be walking away soon. Either way, I think all of us will be happy. Either we make out like bandits or we just say “we enjoyed the ride”, right?! Based on what I’m hearing from my people, I am leaning toward the bright side of it.
______________________________________________________________
Loop (Dinar Guru) – Quote: Article quote: “The local market has seen a marked decline in the dollar against the Iraqi dinar and by five thousand dinars to the category of $ 100.” marked decline by five thousand dinars to the category of $ 100. That is all it is saying.Not that the exchange rate 5000 dinar to 100 dollars. This is right in line with the CBI’s statement made on Wednesday. [so what does that mean…?] It means that the CBI has put a system into place that allows them…control of the stability of the dinar in the market place. This systems removes the middlemen and gives them end to end transparency for all transactions. This is exactly what the IMF wants them to do. Very important move on their part.
______________________________________________________________
Vision that the economic recovery in the post-Iraqi dinar
Economy News / Baghdad … The CBI has issued a press statement in which he explained that the slight decline in the dollar against the Aldenarabraghi it causes Alryise PROCEDURES AND ORGANIZATIONAL new used to regulate the sale of Currency window and curtail the role of middlemen and speculators as well as the commitment of the private banks and their cooperation with the Central Bank of cushions and the role played by the Association of Banks He urged the Iraqi special departments of banks on the need to support the orientations of the central bank at the service of the national economy and harnessing the potential of the private banks in the central purpose of which is to work on the recovery of the Iraqi dinar and raise its value and cash Acharayah against the dollar…
tman23 (Dinar Guru) – “Kurdistan region,— Masoud Barzani said the Iraqi Kurdistan Parliament and presidential elections will be held in September this year.” “There will be two elections in September: parliament and presidential,” Barzani said during an interview …I won’t be a candidate myself.” WHY IS THIS A FACTOR? TWO VERY POSITIVE SIGNS WITH ONE GLOWING IN NEON! AUGUST 2013 BARZANI CAME SPOKE OUT ON THE DINAR AND THE MENACING 3 ZEROS AND SAID HE WAS NOT LEAVING UNTIL THEY WERE LIFTED AND KURDISTAN COULD OPEN ITS ECONOMY…HE ALSO SAID HE WAS NOT LEAVING UNTIL KURDISTAN HAD ITS STATEHOOD…THE OPENING OF A FREE MARKET LEADS TO INDEPENDENCE…TOO MUCH GOING DOWN NOT TO THINK AGREEMENTS ARE READY TO SIGNED…NOT YOUR USUAL MEET FOR NATIONAL RECONCILIATION DISCUSSIONS OF THE PAST…i BELIEVE THEY MEET TO ANNOUNCE…AND SIGN…NOT NEGOTIATE!
______________________________________________________________
BGG (Dinar Guru) – Article: “Parliamentary Finance’s “approach” to postpone the project to delete the zeros until further notice” Quote: “…Finance Committee in the House of Representatives announced the postponement of the project to delete the zeros that was planned years ago to apply until further notice.” …that almost has the “smack” of her pointing out that this WAS PLANNED – then POSTPONED until further notice. Which is…accurate…they aren’t saying further notice isn’t tomorrow, next week or next month either. Why would they be “rehashing” a decision that was put off back in 2012 – right now? Over a concept that is DIRECTLY germane to their forward economic progress. In fact…it is a little weird this is coming out now – right near the end of Mosul… or in this “first part of 2017 timeframe” – why now? I think it’s obvious.
______________________________________________________________
Adam Montana (Dinar Guru) – …I have a couple of rumors that I’m holding onto. I had hoped to have a better confirmation on them before posting this… I do not have what I need in order to release it, so I’m sticking with my
original guesstimate of the rate. When I think about it, I hope I’m wrong and y’all are riding with me to a much higher rate! You don’t want to see $3.14 any more than I do! But I’m a realist, and that guides my logic on matters like this…Let’s move forward a few steps and talk about a ReValued dinar. I agree that a lower rate than the Kuwaiti Dinar will be a blow to the ego’s of the Iraqis. I agree that it should be on par with the USD, or even higher. I agree that the rate WILL get there… eventually. I believe that Iraq can sustain a very stable currency at a rate of $3 or higher, but I don’t think they will immediately jump to that rate even if they ultimately desire it to be so.
______________________________________________________________
Aggiedad77 (Dinar Guru) – Maybe it’s just me…but I’m thinking for a Friday that is an Iraqi holy day, we’ve seen a fair share of good news today as well as good moves on their part, especially with regard to Mosul and the progress being made there…plans of actions…actions put into play…we are moving forward…I think we’ve seen further confirmation of their intent post Mosul…post DAASH….in the right direction…the BEST is coming.
______________________________________________________________
Randy Koonce (Dinar Guru) – Everyone needs to be watching events in Mosul. As security improves with the continuing advancement of Iraqi forces, and the liberation of Mosul announced officially by Abadi, that will be when our window is the Best. Iraq is looking for security from ISIS, along with the US advisors that are there. Security and stability really are the keywords. And based on recent news on Mosul, it is getting closer. So, to repeat: We are watching for an official announcement from Abadi that Mosul has been Liberated. Based on the information I have right now, once that happens, it should not be but a matter of days. Everyone with a say in the matter wants this to happen. We are close.. Every large bank will exchange…RELAX the RV is coming… [post 2 of 2]
______________________________________________________________
Randy Koonce (Dinar Guru) – I have not sent out an updated report in a while because I have been waiting for another good window to open up. It looks like we may finally have one. If you have been watching reports from other gurus in Dinarland, you know by now that everyone seems to be gathering on the same page, once again. I want you to know that it does appear that conditions are coming together that are favorable for the RV to occur, hopefully for the last time. My various contacts are all telling me the same thing. We are very, very, very close right now. I would encourage you, before accepting any…announcement of a revaluation, to take the time to check at CBI.IQ to confirm that the rate has actually changed. You are looking for something along the lines of .289 in the dollar grid. If it says 1166 – No RV. However, if a decimal number, such as .289 or .256 (examples) appear – then you too have finally won the lottery! At least, that is what you are going to feel like. [post 1 of 2….stay tuned]
______________________________________________________________
After a break of 27 (years) Saudi Arabia is preparing to invest in Iraq
After a break of twenty-seven years, Saudi Arabia expressed their willingness to invest in Iraq during a visit by its foreign minister, Adel al-Jubeir to Baghdad last week. This desire met with greetings by members of the House of Representatives calling on all Arab countries, including Western and extend a helping hand to Iraq…
Kaperoni (Dinar Guru) –The spread in Iraq is dropping. Good news! 1250.
______________________________________________________________
Holly1 (Dinar Guru) – Quote: “Haitham Alaffas The central bank works to support the Iraqi dinar and reliable sources suggest the landing of the dollar to 122 in the next week” [what does ‘landing of the dollar to 122 in the next week’ mean?] IMO.. THE DOLLAR 122…NEXT WEEK GO DOWN…IN MY WAY OF THINKING…AND I DONT THINK LIKE A IRAQI…I WOULD THINK THAT IS WHAT HE IS SAYING …IMO. FINGERS CROSSED…
______________________________________________________________
tman23 (Dinar Guru) – Iraq has been operating for years with a parallel rate…which is 2 rates…So much as the IMF told them back early 2016 to get off it… Now we are seeing that unfold as all banks in Iraq are connected to the CBI and in unison with exchange rate… YET we have not seen the CBI update the DATE on their website for indicative rates... Indicative–expressing simple statement of a fact. And with that thought, one can make the assumption that possibly the fact is the rate is no longer what the CBI has published on their site…therefore they have not updated the date…
______________________________________________________________
Kaperoni (Dinar Guru) – Article: “Consultant Abadi: Cancel the foreign exchange control department of the Central Bank of the need for the new system” Quotes: “…a “need” a new political system based on a market economy…” “…in the democratic systems that rely policy of market economy, it gives freedom of movement of money…” I believe Saleh is calling for the transition to a market economy. This would then end the daily auctions as the CBI would move to IMF Article VIII, get off the peg and float the dinar.
______________________________________________________________
A Dinar Round Table Call “with the whole DU Crew!!” from Wed nite – Mar 1st Click-N-Listen!!
Kaperoni (Dinar Guru) – Article: “Consultant Abadi: Cancel the foreign exchange control department of the Central Bank of the need for the new system” Quotes: “…a “need” a new political system based on a market economy…” “…in the democratic systems that rely policy of market economy, it gives freedom of movement of money…” I believe Saleh is calling for the transition to a market economy. This would then end the daily auctions as the CBI would move to IMF Article VIII, get off the peg and float the dinar.
______________________________________________________________
BGG (Dinar Guru) – [I just heard on Fox news that somebody felt it might take a year to get ice is out of Mozel.] They are HAMMERING AWAY at these guys RIGHT NOW. This won’t take a year…It won’t take a month…in fact, over the last several days, in spite of HEAVY FIGHTING, there are maps showing the Iraqi regulars holding nearly 20% of the last half of Mosul. Iraq is hitting ISIS in Syria – CUTTING OFF ROUTES of escape. This is a “TURKEY SHOOT” about to happen.
______________________________________________________________
Kaperoni (Dinar Guru) – Article: “Commercial layer “parasitic” I run the Americans in Iraq and the balance of the bank continues to decline” Quote: “…the current value of the Iraqi dinar is not a real value but a value for the stability and the alternative is a monetary reserves because the government can not afford to float the currency politically.” IMO, they wouldn’t be talking about it, if it was not the plan. Soon we can hope the float will start.
______________________________________________________________
Elements Daesh surrender near the government compound
BAGHDAD / Sky Press – A security source in Nineveh province, on Tuesday, the six members of the organization Daesh surrendered to security forces near the government compound.
The source said that six members of the organization Daesh surrendered to military cuts near the government complex in the right coast of the city of Mosul…
tlm724 (Dinar Guru) – Article: “The Ministry of Commerce held a conference last week that “trade policy and economic reform” with broad participation and the presence of specialists in the economy.” [What is your take on this… Quote: “…the current value of the Iraqi dinar is not a real value but a value for the stability and the alternative is a monetary reserves because the government can not afford to float the currency politically.”] I think when it says “the government can not afford to float the currency politically” they are right. Politically here is no Minister of Finance and the CBI governor is a Bozo, that is some serious instability if you ask me. We all know the dinar is grossly undervalued and the reserves are down because Iraq is just now graduating from the Economic’s 101 class. They are making great progress with the electronic system which is very encouraging. Without that piece of the puzzle we would have little hope! They need liquidity badly and the only way they are going to get peoples money is to make those deposit’s insured. That is what I am looking for next!
______________________________________________________________
Loop (Dinar Guru) – LOVE THE DUE DILIGENCE THAT THE BANKS AND GOI ARE DOING! IT SHOWS A REAL COMMITMENT, ON THEIR PART, TO STOP THE CORRUPTION ONCE AND FOR ALL. THEY STILL HAVE MUCH WORK TO DO ON THIS FRONT. ONE THING HAS BECOME VERY APPARENT TO ANYONE READING THE NEWS…THEY ARE DONE ALLOWING THEIR WEALTH TO BE STOLEN BY CROOKS. THIS BODES VERY WELL FOR THE IRAQI CITIZENS AND US! THIS IS EXACTLY WHAT THE IMF NEEDS TO SEE THEM DOING!
______________________________________________________________
Kaperoni (Dinar Guru) – Article: “Central Bank Governor: We support researchers and experts” Quote: “…the strength of the role of the banking sector is largely based on the strength of the economy and the stability and diversity, and its role in supporting and stimulating the private sector as the fundamental basis for the economy and growth.” No secrets or shortcuts. Though not what most want to hear, it is what we want to hear. Simply because as the economy grows so will the dinar…Balassa-Samuelson effect.
______________________________________________________________
Iraqi Stock Exchange is looking forward to new laws to operate locally and globally launched
Baghdad / Zahra al-Jassem – Digital Panel abuzz with various colors and accounts rapidly, has stuck to glance necks and eyes Mitrqubh in a medium – sized trading hall transparent barrier separates it from trading companies offices inside.
This concise picture of the Iraqi Stock Exchange (KSE) , which is packed with elderly men and record attendance rarely women. This market traded started manually after the change in 2003, is limited to the participation of shares of only 15 companies, before he knew the electronic trading system for the first time in 2009, a jump of trading the indices by 50%, and is open to foreign investors is also in the year 2017. The Iraqi Stock Exchange , like every other bourse, digital world does not care about non – financial secrets though thrones crumbled, but not lulled to rest only when the curtain falls , announcing the end of the presentation…
BGG (Dinar Guru) – “Iraqi Stock Exchange is looking forward to new laws to operate locally and globally launched“ Iraqi Stock Exchange is looking forward to new laws to operate locally and globally launched! Holy $*%&! Did I just read that right? There is a reason they are talking about this right now…it would appear this is on the verge of happening.
______________________________________________________________
Loop (Dinar Guru) – Article: “Rasheed develop a plan to open branches in the liberated areas Banks” What caught my attention in this article was that they are in starting to talk about opening and rolling out modern & advanced services in the liberated areas. This says one thing to me. They feel the there is enough SABILITY and SECURITY in the liberated areas to move forward with normalized banking operations. Which means that they must feel that there is little or no threat that the banks funds will fall into the hands to Daesh.
______________________________________________________________
Loop (Dinar Guru) – Article: “Iraq complains Ministry of Finance’s lack of cooperation with the retirement body: disgruntled pensioners of procedures” Quote: “Rafidain Bank was forced to exchange for several months, in spite of the suffering experienced by the bank, due to the lack of liquidity…” due to the lack of liquidity…I KNOW WHAT WOULD FIX THE ISSUE…INCREASING THE PURCHASE POWER OF THE DINAR!
______________________________________________________________
Loop (Dinar Guru) – The Iraqi’s are continuing to show us daily that they are very serious about reforming every level of their government to provide a better future for their people. Corruption is being dealt with as they find it. There is still much work to be done on this front. But the speed at which they are confronting it is spectacular.. IMO.The battle to free the Right coast is progressing very nicely. The on going media blitz on Maliki is very telling. His time is coming to and end. His is about to reap the what he has sown. IMO. Munich was a definite catalyst for the recent move on him. IMO…It’s shows how close we are getting to realize the the fruits of our labor… The continued dialogue in the media about national reconciliation shows how serious they are about it. It’s not over until the fat Iraqi woman sings, but I have a feeling that she is about to belt out one heck of a tune!
______________________________________________________________
Delta (Dinar Guru) – [Dont know if relevant? “DEAL-Iraq’s First International, Sovereign Bond“] NOT ONLY RELEVANT…BUT VERY HUGE! IRAQ HAS ISSUED ITS FIRST EVER INTERNATIONAL SOVEREIGN BOND. IT WAS ISSUED ON 02/24/17. [There were contingency for this … They decided.] YES…THAT’S WHY IT’S HUGE…WARKA TOTAL BLOCKED TODAY.
______________________________________________________________
BGG (Dinar Guru) –I am very excited about the recent progress on Mosul, economic reform, international support (potentially international acceptance) and more. Literally and AVALANCHE of news. It seems Abadi is again “forecasting” as he was back in late 2016. What this means?? Anybody’s guess.
______________________________________________________________
Loop (Dinar Guru) –The Iraqis are continuing to show us daily that they are very serious about reforming every level of their government to provide a better future for their people. Corruption is being delt with as they find it. There is still much work to be done on this front. But the speed at which they are confronting it is spectacular.. IMO
______________________________________________________________
Enorrste (Dinar Guru) – Article: “Parliamentary Finance: Iraq’s debt rising to more than 126 trillion dinars” Quote: “The Committee suggested that the Government, if the price per barrel rose to above $ 45, to go surplus funds to the central bank to increase the cash reserve, or the repayment of foreign debt.” I found the …article…referenced just above to be interesting. It says that at $45 per barrel Iraq would be in a surplus position. According to NASDAQ the current price of oil is $54 per barrel. This means that Iraq has apparently cured their budget deficit problems, at least according to the IMF. It is also for this reason that the IMF can postulate that reserves in Iraq will rise significantly over the next 2 or 3 years to $91 billion. Having said that, I feel that the IMF in making these statements is quite confident that things are moving in the right direction for them to initiate the float this year.
______________________________________________________________
Loop (Dinar Guru) – Article: “Parliamentary oil suggest the presence of 300 billion barrels of undiscovered” Quote: “...said the oil profanity by Mehdi al-Hafez, Tuesday, that there is a plan of action will begin to explore more than 300 billion barrels of oil, Iraq added to the reserve.” If Hafiz is correct Iraq will have the largest reserves in the world. What we do know for sure is that they just add 10 billion to their reserves last week. Iraq is currently 5th in the world as far as oil reserves go. Much of their country has yet to be explored for oil. I would be surprised if they do not find much more.
______________________________________________________________
Abadi condemning al-Maliki in the fall of Mosul
East News – Maliki was sentenced fateful and disastrous in all specifications. Iraq has tasted the scourge and calamities for eight years in lean times Kalhandal, wherein deepened the rift and dissent and the wounds between the people and factions , components, and they took control of hatred, hostility and hatred welcomed the seeds of revenge.
The corruption and financial looting came to the brink of bankruptcy treasury Iraq, testified golden age in the robbery and banditry, and its Tcatherat plays Althregih irony and comedy, prepared its advance, production and directing will come with the escape of hundreds of prisoners, criminals , terrorists murderers from prison, and his covenant fateful escalated the language of intolerance and arrogance and arrogance, even dealing political stupidity reckless, WAM Great misfortunes represented the fall of Mosul, not confrontational war, but in the receipt by hand to organize Daesh terrorist, leaving the fate of more than two million citizens in the brink of danger and death and slaughter, and then continue the series of calamities followed the fall of the three other provinces which (Anbar, Salahuddin and Diyala)…
Kaperoni (Dinar Guru) – Article: “Abadi Votal discuss the battle of Mosul and international support for Iraq” I don’t expect the CBI to “flip” a switch the day after liberalization of Mosul. It will take some time to stabilize the area and begin the clean up, return citizens to their homes etc. So we could be waiting a few months after before the CBI decides to begin currency reform. Especially with the spread still not close to 2%.
______________________________________________________________
Kaperoni (Dinar Guru) – Article: “Iraq joined the Convention on the transparency of the arbitration between investors and states” Quote: “This agreement is an important message and clear to the world that Iraq is a major hub in the Middle East for investment and reconstruction and construction,” noting that “this agreement adopted by the United Nations to save the rights transparently in the event of a conflict between investors and states.” Dispute resolution is critical. A good sign.
______________________________________________________________
Kaperoni (Dinar Guru) – Keep in mind, there are several things that could effect the reserves. Oil prices could skyrocket to $100 +, they could officially get out of UN Chapter 7 and get some funds that are being held released, etc. But it seems like the IMF has a plan with the CBI. We all have seen the efforts the last 12 months or so to improve the banking system. So despite these possibilities, I believe the reason is more in line with improving Iraq’s economy, putting people to work, rebuilding post ISIL and opening the banking system to the world for investment…at least we can hope anyway. [post 2 of 2]
______________________________________________________________
Kaperoni (Dinar Guru) – Article: “IMF confirms the stability of Iraq’s reserves of hard currency” Quote: “the IMF said in his study, that Iraq reserves will arrive in 2018 to $ 62 billion , and then rise to $ 91 billion in 2020 due to improved conditions of the Iraqi economy and oil exports and its derivatives and the sufficiency of electricity imported to some provinces and gas export and promotion of tourism, industry and all economic resources bode well“ I think the important thing here is that something pretty substantial must occur this year for this forecast to be true. As we all should know by now, Iraqi oil is not enough at the current prices to increase reserves because they spend more than they make. So I expect them to transition to a market economy this year in order to improve the reserves by $50 billion over the next two years or so. [post 1 of 2….stay tuned]
______________________________________________________________
Kaperoni (Dinar Guru) – Article: “Abadi condemning al-Maliki in the fall of Mosul” He wanted to be Prime Minister, time he take responsibility for his actions or lack there of.
______________________________________________________________
Loop (Dinar Guru) –His opinion is that .83333 cents to the dollar would be more managable. [So the exchange rate would be 1/.83 = $1.20. 1 divided by .83…In USD] This is where they feel they can defend (support) the rate based on their current economic capacity. This will increase over time has they economy grows. Remember that this is one persons opinion. What is so very encouraging is that this really shows that the expectation is a marked increase in value, which is very positive for this investment. Mr White made an excellent point…about them not having much to export, other than oil that is. The price of oil is fixed in the world markets and is traded in petro dollars so oil would not be effected by the increased dinar value. For the rest the GOI can always do what we do in the USA. What I am referring to is subsidizing the exports to bring the price down. This ensures that industries flourish while keeping the costs of exports low. [post 2 of 2]
______________________________________________________________
Loop (Dinar Guru) – Article quotes: “Since more than four years and officials in Iraq are talking about a project monetary reform in which to raise the Iraqi currency exchange rate against the dollar so that the new dinar equals 1.2 dinars to the dollar instead of 1200.” “But the move was postponed to a later date due to the exit of some Iraqi areas under government control after the occupation of «Daesh» her. Then the military operations began to recover these areas which still exist. The government is expected to return to the project itself after the end of military operations.” “The price of the Iraqi dinar former (US $ 3.2) was exaggerated and will continue to be overrated if has to return to it in the future. It will make imports cheaper, but it hinders improvement of production and export capacity of Iraq, may be the price of 1.2 dinars to the dollar or dinar against the dollar is a good price.” So this economist is saying that while 3.2 dollars per dinar (Old rate) would make imports much cheaper it would cause exports to be expensive. [post 1 of 2….stay tuned]
______________________________________________________________
Kaperoni (Dinar Guru) – Article: “Funding Facility for Economic Reform established to invigorate IraqÂ?s reform initiatives” Quote: “…UNDP will support the Government of Iraq to address key economic challenges and invigorate the reform agenda. Diversifying the economy, increasing national income, and improving the management of national assets will be of specific focus.” Very good article. It appears the UN is helping Iraq push these needed reforms forward.
______________________________________________________________
Enorrste (Dinar Guru) – Instead, KAP discovered years ago and we have elaborated on many times, a floating currency is the only thing that will work in the real world. But more importantly, this guy is convinced that a value of somewhere around $1.20 per dinar is economically feasible and desirable. Furthermore, he implies that this has been in the government’s plan book for over 4 years, as KAP has already explained for the last 4 years! In other words, he is confirming…the correct view of the situation while at the same time specifically denying that an RV would work. Finally, as KAP noted, we see that, at least from this writer’s point of view, the only thing now holding up the implementation of the float is the ISIS situation. It is anyone’s guess what will be necessary to convince the government to move forward, but it is possible that recovery of Mosul might be sufficient. Only time will tell. [post 2 of 2]
______________________________________________________________
Enorrste (Dinar Guru) – Article: “Raise the price of the Iraqi dinar to the fore again” Quotes: “Some Iraqi economist calls for the government to lift the Iraqi dinar exchange rate against the dollar until the rising purchasing power and increasing confidence it represents the sovereignty of Iraq…” “…Since more than four years and officials in Iraq are talking about a project monetary reform in which to raise the Iraqi currency exchange rate against the dollar so that the new dinar equals 1.2 dinars...” “The government is expected to return to the project itself after the end of military operations.” This is one of the most positive articles I have read in a long time.The author clearly states that it is not possible to “RV” in the traditional sense and explains why. [post 1 of 2….stay tuned]
______________________________________________________________
A Dinar News Time Call “with the DU FaceBook Crew!!” from Thurs nite – Feb 23rd Click-N-Listen!!
Adam Montana (Dinar Guru) – The question, then, is “When will the Dinar Currency of Iraq Revalue?” This investment is not a scam, but you must be prepared to wait for things to happen. It may revalue, or “reinstate”, to a previous level, which would make many of us rich overnight… or it might grow slowly, over time, giving a nice return on an investment that many of us were smart enough to make. One thing I do know, for a fact… the Iraqi Dinar will not stay at it’s current “value” forever. [post 3 of 3]
______________________________________________________________
Adam Montana (Dinar Guru) –Here are a couple of very real facts: Iraq has a majority of the world’s natural reserves and crude oil, putting it on the same level as Saudi Arabia and Kuwait. If you know anything at all about Saudi Arabia and Kuwait, you should know that their currency is very valuable and their natural resources are the reason. So, why isn’t Iraq as rich as Saudi Arabia and Kuwait? That answer is simple – they only recently established a stable government, elections are now being held successfully, and the march towards financial recovery is progressing steadily. Crime and terrorism is lower and lower all the time! And just as importantly – the Iraqi people are unjustly impoverished as a result of the recent chaos, and they cannot remain in that situation for much longer – not when they control a major amount of the world’s “black gold”. [post 2 of 3….stay tuned]
______________________________________________________________
Adam Montana (Dinar Guru) –This is the question I’ve been seeing a lot lately: “Is it a scam”? In a word – NO. The Iraqi Dinar is an item that has a past, present, and future value. We can put a dollar amount on that value for the past and the present, so the only real question is what the future value will be. If the value raises, you can profit. It’s THAT simple. Keep this in mind when you read anything on the dinar – a savvy speculator must always be able to separate fact, opinion, and distractions. Here are some facts that will help you with this question of whether or not the “Iraqi Dinar” is a scam. The Iraqi Dinar Currency that is used today in Iraq is arguably one of the most sophisticated currencies in the world. The technology that makes it almost impossible to effectively produce usable counterfeit dinar currency is amazing. …what about the “investment” itself? Is investing in the dinar currency a scam? The simplest concept you need to understand when talking about the Dinar Currency is that nobody is going to be able to tell you exactly when it will revalue. But does that mean the Iraqi Dinar Currency hype is a scam? Absolutely not! [post 1 of 3….stay tuned]
______________________________________________________________
firefly (Dinar Guru) –Article: “Include the introduction of modern irrigation systems” Quote: “The Ministry of Agriculture to prepare new plans aimed at developing the sector, by increasing production through farmer support modern systems of irrigation legalized.” Remember, one of the IMF requirements was to have Iraq diversify their reserves other than just oil. Agriculture is as great an ASSET as is oil and gold. Iraq is following the IMF requirements to the TEE.
______________________________________________________________
Kaperoni (Dinar Guru) – …measures need to be in place for the success of the transition from a fixed rate to a float. Just exactly to what extent is yet to be seen. That being said, I believe once the dinar is internationally convertible worldwide and the CBI is in Article VIII, demand will increase for the dinar. Just the exposure alone to the world financial system should be enough to create some upward movement in the value.
______________________________________________________________
Kaperoni (Dinar Guru) – Article: “Raise the price of the Iraqi dinar to the fore again” Seems pretty clear that the author/economists want to raise the value gradually like we have stated over and over. The good news is they say they expect it to start once ISIL is gone. Quote: “The government is expected to return to the project itself after the end of military operations.”
______________________________________________________________
A Dinar Round Table Call “with the whole DU Crew!!” from Tues nite – Feb 21st Click-N-Listen!!
BGG (Dinar Guru) – “Headline: Securities recorded an increase of 308% in the number of shares traded last week” (that would be for the ISX)…and 130.7% the week before...it would appear the “chunky money” and investors are feeling more and more secure in their own market place BY THE DAY! [That’s a week over week volume increase.] They know what’s coming. I just hope they leave a little meat on the bone for us. It just shows the mood of the private investor – which is good for us…They aren’t complaining about the “worthlessness of their currency” – they are slingin’ that stuff around like a fat kid chasing ice cream cones!
______________________________________________________________
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.
______________________________________________________________
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.
______________________________________________________________
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%.
______________________________________________________________
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.
______________________________________________________________
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.
______________________________________________________________
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…
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).
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.
______________________________________________________________
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.
______________________________________________________________
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 ****.
______________________________________________________________
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.
______________________________________________________________
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]
______________________________________________________________
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]
______________________________________________________________
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.
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!
______________________________________________________________
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.
______________________________________________________________
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]
______________________________________________________________
Dinar Updates – “NEWS TIME” w/MadDScout & Facebook Crew – April 13th 6:30pm CST – In the DU CHAT Room!!
Positive for the development of Iraq’s future outlook will have a positive impact among investors
Economy News / Baghdad … Set up the House of Wisdom Department of Economic Studies panel scientific symposium, Thursday, on the implementation of private sector development in Iraq strategy requirements (2014 2030)
End-of-Mission press releases include statements of IMF staff teams that convey preliminary findings after a visit to a country. The views expressed in this statement are those of the IMF staff and do not necessarily represent the views of the IMF’s Executive Board. Based on the preliminary findings of this mission, staff will prepare a report that, subject to management approval, will be presented to the IMF’s Executive Board for discussion and decision….
You must be logged in to post a comment.