2-9-2016 Newshound Guru Millionday IMF Report quotes: "The government will gradually remove remaining exchange restrictions and multiple currency practice (MCP) with a view to eliminating exchange rate distortions..."As a first step, the government will, by end February 2016, draft and adopt a by-law to set up a mechanism to comply with the relevant AML/CFT international standards." PEG TO USD AND REMOVE EXCHANGE RATE DISTORTIONS AS THIS WILL SEND A POSITIVE MESSAGE TO INVESTORS --- THAT WOULD MEAN THAT INTERNATIONAL INVESTORS WOULD BE ABLE TO TRADE. THIS IS FEB 2016 AND THEY ARE TO REMOVE ALL DISTORTIONS OF THE EXCHANGE RATE AND ALSO ADOPT ALL INTERNATIONAL COMPLIANCE. THESE REPORTS ARE PROBABLY IMO WHY SOME ARE SAYING THAT IT IS CLOSE.
2-9-2016 Newshound Guru Millionday [So Does Reform include to Revalue the currency?] THE REQUIREMENTS LISTED BY THE IMF OR SHOULD I SAY ORDERS TO BE DONE DO INCLUDE THE REMOVAL OF THE DISTORTED RATE AND COMPLIANCE WITH INTERNATIONAL STANDARDS -- THIS WOULD BE THE CALCULATION OF THE TRUE VALUE IMO. [removal of all distortions of exchange rate...does that mean that they will give the real rate?] IT MEANS THAT THE RATE THEY HAVE IS DISTORTED AND THE CALCULATION FOR GLOBAL PRICING INDEX WOULD HAVE TO DONE -- ACCORDING TO MACRO-ECONOMICS AND TO PRODUCE FAIR TRADE WITH THE WTO AND THE GLOBE THEY NEED TO HAVE A PRICE AND CURRENCY RATE THAT WOULD PRODUCE THE ACTUAL VALUE OF THE DINAR (THE PRICE OF THE DINAR) TO BE DONE. GOODNESS THIS IS EXCITING AND IT HAS BEEN A LONG TIME ...SEEING SOMETHING LIKE THIS IN A FORMAL DOCUMENT..
2-9-2016 Newshound Guru wmawhite The IMF, GOI, CBI stated that the government was going to do certain things and in the mid time/by the end of February 2016 two items would be accomplished. This Technical LoI/MoU was written in November 2015 and published in December...well by the time we saw it...those two items to be accomplished by the end of February HAD already be completed. They were the Investment Law and the AML Law. The point is that the CBI and GOI are ahead of what the IMF has agreed with them to accomplish. [...so with all of the very positive news and accomplishments in Iraq, What are we waiting on? Bottom line?] I am waiting on Iraq to enter the markets during the 1st half of 2016.
2-9-2016 Newshound Guru wmawhite I believe the IMF and the WB know more about Iraq than the Iraqis...and never before has the IMF stated very clearly what their expectations are for Iraq...and they did it ...and then they followed up with two documents outlining step by step as to what is being accomplished...and you may ask, why? Why provide the world with this information. It is suppose to be a big secret. Wrong. Iraq is wanting the world to know. They want the world to come to Iraq. There is no secret. The challenge is understanding want you are given.
2-9-2016 Newshound Guru OOTW BREAKING NEWS...IRAQ TO ATTEND CONFERENCE TO DETERMINE THEIR PRICING INDEX. IRAQ IS ATTENDING AN IMF SPONSORED SEMINAR TO DETERMINE THEIR PRICING INDEX FOR THE METAC REGION. “IMF’s Middle East Regional Technical Assistance Center and the Statistics Department Conclude Workshop on Price Index Compilation Issues“ THIS IS GREAT TO SEE. THEY NEED TO DETERMINE AND LEARN HOW TO VALUE GOODS FOR SALE IN THE GLOBAL MARKET..OR AT THE VERY LEAST “BORDERING COUNTRIES” – WHICH I BELIEVE IS THE REGION FOR NOW THEY ARE REFERRING TO – BASED ON THE MANY CUSTOMS/TAXES/TARIFFS ARTICLES AND OFFICIAL PRESS RELEASE’S WE’VE SEEN AND ALSO ARAB TRADE AGREEMENTS – THIS IS A FIRST STEP TO RETURNING TO GLOBAL TRADE (AT THE LEAST)….I’M VERY PLEASED ABOUT THIS.
2-8-2016 Intel/Newshound Guru Poppy3 NO BODY HAS EVER SAID DR SHABIBI WAS BACK THEY SAID HE WOULD BE OFFERED TO COME BACK AND THEY THINK HE WILL CONSIDER IT WAIH [WITH?] MALIKI UNDER HOUSE ARREST. I FEEL SURE HE WILL CONSIDER THE POSITION IF ASK PROPERLY AND MALIKI IS TRULY OUT OF THE PICTURE.
2-8-2016 Newshound Guru wmawhite IMO...we will not see Shabib as the Governor of the CBI.
2-8-2016 Newshound/Intel Guru BGG ...Dr Shabibi is not back... that was a suggestion by Allawi who has so little power it's nearly comical.
2-8-2016 Newshound Guru OOTW [Did Maliki get arrested?] THERE ARE ARTICLES STATING THAT HE HAS, BUT THEN WE'VE SEEN ARTICLES STATING THAT HE'S BEEN GIVING PUBLIC SPEECHES.
2-8-2016 Newshound Guru wmawhite [You'd think they's have to collect tariffs at an international rate ya think?] A country does not collect tariffs at an international rate...the USA has any tariffs owed to it sent to it in USD. The value of the IQD does not matter to Iraq because it will receive the tariffs in whatever currency it wants...probably in IQD. However, until a country can transmit/electronically send it currency to Iraq and it be converted into IQD...IMO, the GOI will probably receive the tariffs in USD.
2-8-2016 Intel/Newshound Guru Poppy3 WELL NEWS HAS CONTINUED TO BE POSITIVE AND MOVE FORWARD WITH ACTION TO BACK THE TALK. THIS IS SOMETHING I HAVE ALWAYS TOLD OUR TEAM TO WATCH THE ACTIONS MORE THAN WORDS.
2-8-2016 RUMOR Guru Mnt Goat We must watch Iraq and the CBI, Finance Ministry and Parliament. Only these establishments will give us CLUES as to when we can expect any significant increase in the value of the Iraqi dinar. The CBI actually told us out straight that they plan to inform the people on an ongoing basis the steps in the currency reform process. They seem to be doing just that. The fate of Iraq is in the hands of Iraq.
2-8-2016 Newshound/Intel Guru BGG YOU (us holding Dinar) WEREN'T DUPED...the Gov of their current CBI is TALKING ABOUT THIS - yeah or nay... THEY ARE TALKING ABOUT IT NOW...the GOI - will either do this or throw this guy out of office...they have only offered 2 solutions. 1) tariffs (referred to as: taxes)...2) RAISE THE VALUE OF THE CURRENCY TO BRIDGE THE CURRENT DEFICIT...tariffs won't do it...like I have been saying...a few pennies won't cover a 100 BILLION USD (trillions in DINAR) budget deficit...there is only one thing will fix it. V-A-L-U-E.
2-8-2016 Newshound Guru rcookie ANOTHER GREAT INDICATION OF IRAQ DELIVERING EARLY MANDATE ON IMF...LOI/MEFP/TECH MOU MANDATE DUE BY END OF FEB...THEY HAVE THEIR 12/2015 BALANCES FOR ALL... MOF..GOI..CBI ACCOUNTS...AND AGAIN ACCOMPLISHED EARLY...
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