Dinarland Highlights - 2.7.18 mike (Dinar Alert) Article: "Corruption in Iraq file reaches the most dangerous stages" Quote: ...
Dinarland Highlights - 2.7.18
mike (Dinar Alert)
Article:
"Corruption in Iraq file reaches the most dangerous stages"
Quote:
"The general amnesty issued by parliament earlier in an important outlet for corrupt law in Iraq, provides them with a cover legislative..."
...Abadi is Maliki-Lite, he just has better optics and represents hope for change. It's all smoke and mirrors, both are from the Dawa Party and answer to Iran. Going after the Kurd's and Sunni's for their corruption and ignoring the ruling Shia is typical but...hopefully the IMF sees it as well. You can bet those who attend the "donor" conference in Kuwait know what's going on, imagine putting money into a country that has laws on the books that protect the corrupt politicians. That's a pretty tough sell, it's throwing good money after bad. This conference starts in six days on Monday and Parliament isn't even going to meet again until Sunday, I don't think the odds of them completing a budget in time for the donor conference are very good.
______________________________________________________
Bruce (The Big Call)
We know Iraq has had to get things in order. We know they were released from our US Treasury to put out their rate for the Iraqi dinar a week and half ago, maybe longer...but somehow they haven’t...yet. There was some resistance in the Parliament as far as various factions in the government still. Then we find now...Everyone pretty much is on the same page. We understand couple days ago some announcements were made by Prime Minister Abadi and behind him standing was Maliki. Maliki had said they had some unity now and...He is not going to run for Prime Minister again. Also, that he was behind the RV going thru...where he was so resistant the entire time he was in power. That is one reason why it didn’t happen. Now he is no longer a factor.
Other information we got today from Iraq...from our contact that...February 7, the new budget would be passed and read for the third time. ...there has been a lot of pressure exerted on Abadi to get that rate out... It looks like it finally reached consensus on the budget, and have it in the Gazette on the February 8, which is Thursday. I think we are just where we needed to be as far as that goes. You know the budget would contain the rate and the rate would be seen...by the 8th if not sooner. We know that the dinar is being traded again for about the last 3 days... ...This is a real interesting time. ...I am getting strong Intel pointing toward any moment now. We know we have been close before, but I think we are even closer than we [have] ever been.
______________________________________________________
Breitling
I have so much confidence in what is coming down the road with the dinar. In the past we’ve talked a little about what it could do…what the Iraqis are looking at market wise. None of that stuff is going to prevent the dinar from revaluing. None of it. Zero. It’s going to revalue. The question is. How fast? And at what rate? The future is determining that…So very confident in it…
______________________________________________________
Kaperoni (Dinar Alert)
Article:
"Central banks needed five hours to submit their applications to buy foreign currency"
[Here comes the RV at one to one.]
There is no RV. Not to mention this article has nothing to do with implying such. This is an attempt to control the daily currency auctions and weed out corruption, but to me it is just another restriction which could have a negative effect on the spread. The CBI has a habit of implementing these types of controls rather than doing what it should be doing...arresting the crooks themselves.
[...Kap no offense here but the CBI kills your theories when they say NO FLOAT.]
...the CBI did not say no float, just no float at this time. And this makes sense since there is no momentum through the Capital Account to create inflationary pressure and appreciate the currency.
______________________________________________________
RayRen98 (TNT)
DINAR IS SCARCE, IRAQ HAS "REPORTEDLY" STOPPED DISTRIBUTIONS...TICK, TOCK...TICK, TOCK. THERE'S A LIGHT AT THE END OF THIS TUNNEL... IT APPEARS THAT DEALERS ARE SELLING "ON HAND" INVENTORY ONLY? KEEP AN EYE OPEN ON THE DEALERS AND ON FOREX...THINGS MIGHT UNFOLD RIGHT BEFORE YOUR VERY EYES.
______________________________________________________
chattels (Dinar Alert)
I was asked whether I thought that the rate, impliedly " new rate " was in the budget. I seriously doubt that any increase in the value of the dinar is going to be forecast in / by the budget. ...there is a discernable rate / value to the dinar evinced in the budget. That value in my time has always been the current value of the dinar. The budget is a months long process. Is Iraq going to announce an increase in the value of the dinar in their draft budget? I don't think so.
______________________________________________________
Adam Montana
[So now that the Kurds are throwing a hissy fit over losing almost 5% share of the budget, where does that leave the RV??? They keep boycotting meetings and know without them and their supporters, there is no quorum. So no budget, no HCL, no RV. ... What can Abadi and the Parliament do to fix the problem?]
That's a very good point, and it's exactly what I believe is really holding up the process at this point. The good news for us, of course, is that they can throw all the tantrums they want... eventually we will get to a point where the budget is settled, their share of the revenue will be established, and it will be very apparent to all that it is in everyone's best interest to move forward with the HCL and then of course a revision of the exchange rate. I don't see it dragging out another 10 years. It might not happen "tomorrow" or even "this week", but the conclusion is inevitable. Hang in there, everyone.
Iraqi Dinar Revaluation and Global Currency Reset News | Dinar Chronicles
Courtesy of Dinar Guru
mike (Dinar Alert)
Article:
"Corruption in Iraq file reaches the most dangerous stages"
Quote:
"The general amnesty issued by parliament earlier in an important outlet for corrupt law in Iraq, provides them with a cover legislative..."
...Abadi is Maliki-Lite, he just has better optics and represents hope for change. It's all smoke and mirrors, both are from the Dawa Party and answer to Iran. Going after the Kurd's and Sunni's for their corruption and ignoring the ruling Shia is typical but...hopefully the IMF sees it as well. You can bet those who attend the "donor" conference in Kuwait know what's going on, imagine putting money into a country that has laws on the books that protect the corrupt politicians. That's a pretty tough sell, it's throwing good money after bad. This conference starts in six days on Monday and Parliament isn't even going to meet again until Sunday, I don't think the odds of them completing a budget in time for the donor conference are very good.
______________________________________________________
Bruce (The Big Call)
We know Iraq has had to get things in order. We know they were released from our US Treasury to put out their rate for the Iraqi dinar a week and half ago, maybe longer...but somehow they haven’t...yet. There was some resistance in the Parliament as far as various factions in the government still. Then we find now...Everyone pretty much is on the same page. We understand couple days ago some announcements were made by Prime Minister Abadi and behind him standing was Maliki. Maliki had said they had some unity now and...He is not going to run for Prime Minister again. Also, that he was behind the RV going thru...where he was so resistant the entire time he was in power. That is one reason why it didn’t happen. Now he is no longer a factor.
Other information we got today from Iraq...from our contact that...February 7, the new budget would be passed and read for the third time. ...there has been a lot of pressure exerted on Abadi to get that rate out... It looks like it finally reached consensus on the budget, and have it in the Gazette on the February 8, which is Thursday. I think we are just where we needed to be as far as that goes. You know the budget would contain the rate and the rate would be seen...by the 8th if not sooner. We know that the dinar is being traded again for about the last 3 days... ...This is a real interesting time. ...I am getting strong Intel pointing toward any moment now. We know we have been close before, but I think we are even closer than we [have] ever been.
______________________________________________________
Breitling
I have so much confidence in what is coming down the road with the dinar. In the past we’ve talked a little about what it could do…what the Iraqis are looking at market wise. None of that stuff is going to prevent the dinar from revaluing. None of it. Zero. It’s going to revalue. The question is. How fast? And at what rate? The future is determining that…So very confident in it…
______________________________________________________
Kaperoni (Dinar Alert)
Article:
"Central banks needed five hours to submit their applications to buy foreign currency"
[Here comes the RV at one to one.]
There is no RV. Not to mention this article has nothing to do with implying such. This is an attempt to control the daily currency auctions and weed out corruption, but to me it is just another restriction which could have a negative effect on the spread. The CBI has a habit of implementing these types of controls rather than doing what it should be doing...arresting the crooks themselves.
[...Kap no offense here but the CBI kills your theories when they say NO FLOAT.]
...the CBI did not say no float, just no float at this time. And this makes sense since there is no momentum through the Capital Account to create inflationary pressure and appreciate the currency.
______________________________________________________
RayRen98 (TNT)
DINAR IS SCARCE, IRAQ HAS "REPORTEDLY" STOPPED DISTRIBUTIONS...TICK, TOCK...TICK, TOCK. THERE'S A LIGHT AT THE END OF THIS TUNNEL... IT APPEARS THAT DEALERS ARE SELLING "ON HAND" INVENTORY ONLY? KEEP AN EYE OPEN ON THE DEALERS AND ON FOREX...THINGS MIGHT UNFOLD RIGHT BEFORE YOUR VERY EYES.
______________________________________________________
chattels (Dinar Alert)
I was asked whether I thought that the rate, impliedly " new rate " was in the budget. I seriously doubt that any increase in the value of the dinar is going to be forecast in / by the budget. ...there is a discernable rate / value to the dinar evinced in the budget. That value in my time has always been the current value of the dinar. The budget is a months long process. Is Iraq going to announce an increase in the value of the dinar in their draft budget? I don't think so.
______________________________________________________
Adam Montana
[So now that the Kurds are throwing a hissy fit over losing almost 5% share of the budget, where does that leave the RV??? They keep boycotting meetings and know without them and their supporters, there is no quorum. So no budget, no HCL, no RV. ... What can Abadi and the Parliament do to fix the problem?]
That's a very good point, and it's exactly what I believe is really holding up the process at this point. The good news for us, of course, is that they can throw all the tantrums they want... eventually we will get to a point where the budget is settled, their share of the revenue will be established, and it will be very apparent to all that it is in everyone's best interest to move forward with the HCL and then of course a revision of the exchange rate. I don't see it dragging out another 10 years. It might not happen "tomorrow" or even "this week", but the conclusion is inevitable. Hang in there, everyone.
Iraqi Dinar Revaluation and Global Currency Reset News | Dinar Chronicles
Courtesy of Dinar Guru
COMMENTS