12-19-2018 Newshound/Intel Guru Mnt Goat This is the way I see this playing out. Suddenly Mahdi’s cabinet is completed. The reconstruction funds start to release within a week. But there is a lag since it takes time to get the projects underway. Not too far in the distance the reinstatement occurs. Also the CBI soon releases the 50 and 100 smaller denominations and maybe along with the 100,000 notes. The process is kicked into high gear…. How long will all this take? I know the CBI was targeting for EARLY Jan 2019 but with delays in forming the government I am not so sure now since time is ticking…tic toc,,,tic toc… Be patient and let’s get the govt fully formed and functional first. The rest will fall into place.
12-19-2018 Intel Guru Bruce Every time we think Iraq is out of the way and complete we find no they needed to do one more thing... It seems like the one more thing now is just they need to announce their independence and the fact they have a revalued currency that is tradable worldwide. They just need to say it. It is more of a formality than anything else is where we are right now. Yes they were supposed to do that this morning [Tuesday]... Why didn’t it happen? What is happening OPEC is being left with about 4 oil producing countries in the organization? It is coming apart. What is happening is the US is getting bigger and bigger in oil. We are almost controlling the price of oil now whereas before Saudi Arabia was controlling the price.
12-19-2018 Intel Guru Bruce We got oil prices dropping below $50. That is putting a squeeze on Iraq to get done what they need to do in terms of making this announcement. It just might be right where it needs to be to get them to do that. If prices go down too much more, it is going to really bust their budget which is based on oil at a certain price which I thought was in the $44 - $46 barrel range for their budget. So this is really important. We are getting down to the wire that they need to do that. They need to release this information and get it done. I believe that was the one thing we were waiting for out of Iraq.
12-18-2018 Newshound Guru Kaperoni So it looks like PM Mahdi got a few of his cabinet in today but not all of them...so this continues. PM Mahdi has stated that Thursday's parliament session will complete the cabinet.
12-18-2018 Newshound/Intel Guru Walkingstick We, USA, gave them the playbook, we led them, guided them, beat it into them... y'all have to be International...Our foot is in the door of Iraq more than anyone realizes...All 6 Banks of his [Walkingstick's] firm, are ready! 1190 is Fictitious.
12-18-2018 Intel Guru RayRen98 Iraqi TV reported that Parliament did not vote on the cabinet members today and postponed such event until next week. Citizens in several cities are upset and have started civil unrest by burning chairs and protesting in streets due to the lack of reforms and (publicly) forming the government. Maliki supporters are being blamed for the negative situations in Iraq...according to local citizens.
12-18-2018 Newshound Guru Kaperoni Like most countries, Iraq would not care if their currency appreciates at the expense of a booming economy. That is how market forces work. A central bank uses its tools to manage monetary policy based effects in the marketplace. An example would be raising the value to counter inflation. Iraq currently has very low inflation less than 3%. If Iraq opens the doors to global investment, it may create the pressure the CBI is looking for to raise the value. We can only hope.
12-18-2018 Newshound Guru MilitiaMan Article: "A credit account in riyal and dinar between Iraq and Iran" Quote: "Citibank offers letters of credit for buyers in Latin America, Africa, Eastern Europe, Asia and the Middle East who may have difficulty obtaining international credit on their own." I would suggest this is part of a necessary end for Iraq now that Monetary Reforms are gearing to be on a different page if you will, imo, that had/has to be done because of the volume of trade between Iraq and Iran. A letter of credit is commonly for International Trade between parties. It is serious business. ...Go figure the timing of it too. IMO. Lets not forget Rick Perry and all those Companies in Iraq may need them too. By the way, CitiBank is one a large providers of Letters of Credit Globally.. They are Directly involved with Iraq as we know. Iraq wants guarantee they get paid for imports and exports. Fairly sure Iran in an unstable environment..
This is seriously looking good, imo..dinarguru.com
