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1-5-2018 Newshound Guru
1-5-2018 Guest Guru Dahl68 ...It was interesting to me that no one had mentioned this yet since this includes the IQD. Under EO 13303, all of these financial instruments (including the IQD) and execution thereof, were regulated as "null and void." Under EO 13668, these prohibitions and protections were removed. IMO, the federal regulations associated with Iraq are now caught up and current. Considering the recent lifting of UN Sanctions, and also the UST's connection to the IMF, it looks like a green light to the IMF and CBI to proceed, understanding that the UST has significant influence over the IMF. [Post 2 of 3]
1-3-2018 NewshoundGuru Adam Montana [... it's been 12-13 years and Iraq seems to be dragging their feet!] Regarding them "dragging their feet", I care not one iota how long they have been building up to this... all that matters is the direction it's going and the final destination.
1-5-2018 Guest Guru Dahl68 Yesterday, I contacted the United States Treasury (UST), Office of Foreign Assets Control (OFAC), Assistant Director for Sanctions Compliance & Evaluation. Essentially, the OFAC office responded that the amendment simply codified and implemented Executive Order (EO) 13668, which was signed back on May 27, 2014. Transactions with Iraq are allowed; There were, and are, a number of EO's that have been promulgated since the Iraqi invasion of Kuwait in the 1990's. These include EO 13303, 13315, 13350, 13364, 13438, and 13368. All of these EO's are codified and implemented by the UST at 31 CFR Part 576, The Iraq Stabilization and Insurgency Sanctions Regulations. The last EO signed by President Obama (13368) in 2014 removed the prohibitions put in place by EO 13303. Specifically, and of interest IMO, is 31CFR 576.206(a)(3), which refers to, "Any accounts, assets, investments, or any other property of any kind owned by, belonging to, or held by the Central Bank of Iraq, or held, maintained, or otherwise controlled by any financial institution of any kind in the name of, on behalf of, or otherwise for the Central Bank of Iraq."[Post 1 of 3]1-5-2018 Intel Guru Bruce We had information that was indicating we were pretty much there and ready to start yesterday [Wednesday]. I think there are several fractions that are involved in this. Subsequently, the timing for this is looking good for early next week. I hate to be somebody to put this off. I try to look at things day by day. Things do change. Our Treasury has released Iraq for them to post their new dinar Iraqi rate tomorrow [Friday]evening our time in the United States. That would be Saturday early am in Iraq. They should have the new rate posted. They need that posted by then because we have 17 different nations with companies representing those countries coming to Iraq to sign off on their contracts at the new rate for the dinar. The CBI website everything should show early Saturday morning Iraqi time.
1-5-2018 Newshound Guru tman23 They can't pass the budget because it is in violation of the constitution........AND THEY CAN'T GET OUT OF THEIR OWN WAY......IMF TOLD THEM KURDS 17% OF THE BUDGET........YOU WAITING ON SOMEBODY IT IS ABADI !!!!!!!!!! He right now is the delay to progress ............ BUT so many will praise him as being the good guy LOL...STILL WAITING ON THE GOING AFTER THE CORRUPT........BLA BLA BLAH .......ONLY IF THEY ARE NOT SHIITE....... Abadi is the problem !!
1-5-2018 Newshound Guru Breitling There is an article out there from one of the gurus talking about how the US Treasury in conjunction with Iraq and the reason there is a delay in the revaluation is because the UST is working with the CBI so they can put the Iraqi dinar on the FOREX. No. Unfortunately the UST has nothing to do with the FOREX and neither does the CBI. The FOREX is not regulated by the United States of AmericaThere are only 8 currencies traded on the FOREXI guess they can post the value on the FOREX, but you can pull up the value anywhere. So its kind of ridiculousit doesnt fit. It just doesnt work this way. The UST has noting to do with it what so ever. The UST doesnt even control the value of the US dollarso that doesnt make any sense.
1-4-2018 Newshound Guru Don961
1-4-2018 Newshound/Intel Guru Bluedog...AT ANY POINT THIS IS COMING DOWN TO LOOKING STUPID FOR SURE AND TELLING ME WE ARE NEARING THE GOAL LINE...IN A SPLIT SECOND OF A RATE CHANGE THE BUDGET WILL ADJUST NO BIG DEAL COUNTRIES DEAL WITH THAT OFTEN...NO PROBLEM THE TALK OF THE KURDS WORRIED ABOUT WHAT PERCENT THEY GET HAS BEEN DECIDED...AND I CALL IT A "DOG AND PONY SHOW" TILL THE TIMING IS CORRECT...THE WORLD INVESTORS AND KUWAIT HAVE A GUN TO IRAQIS HEAD RIGHT NOW "IN THEORY"...AS YOU ALL KNOW THE TRIGGER FINGER IS QUIVERING. 2018 BUDGET IS LIKE LOOKING IN YOUR REAR VIEW MIRROR...TO THE IRAQI PEOPLE A DINAR IS A DINAR TO US BIG DEAL THEY JUST RECEIVE BETTER POWER IN BUYING POWER...INVESTORS WILL BE THRILLED WITH THE INCREASE... [post 2 of 2]
1-4-2018 Newshound/Intel Guru Bluedog IMO...LETS REALIZE THE IRAQI PEOPLE NEED THE HCL FUNDING TO THEIR FAMILIES AND THAT IS A RIDER IN THE BUDGET...ABADI CAN USE THIS BUDGET AS IS...OIL REVENUES NO PROBLEM READY TO LAUNCH...IMO...CAUSE THE CBI HAS NOT HANDED THEM THE GOLDEN PLATTER WITH THE RATE YET... BECAUSE OF LEAKAGE CONTROL. SO IT'S A PULL AND SHOVE BACK AND FORTH...TILL THE RATE IS EXPOSED AND AS IN 2017 THEY RAN WITH A BUDGET UNAPPROVED SO WHY NOT NOW IN 2018...WELL BECAUSE THE INVESTORS STARE INTO THE GREEN ZONE TILL THIS IS COMPLETED... [post 1 of 2....stay tuned]
1-4-2018 NewshoundGuru Adam Montana [Does an official HCLneed to be in place before they can RV or do they have enough agreements etc. in place now?] ...it's my opinion that HCL first is the most clear path to RV, but... that's alsoa possible huge investing trigger from outside sources, so it's possible that a significant change in value will be timed to happen simultaneous with an RV in order to prevent mass speculation. The amount of money we little guys have in this is tiny, even counting some of the $ multi million USD investments that I personally know about. But they certainly wouldn't want to instigate more speculation, so I completely expect the change in value to be quick and certain, without any warning.
1-4-2018 Newshound/Intel Guru Mnt Goat The CBI has put in a request to re-instate the IQD. The CBI does NOT have the power to run all the technical software to roll it outThis is under contract under the US Treasury. A delay - BECAUSE THE US TREASURY HAS NOT YET DONE ITs PART IT THE ROLE OF RE-INSTATING THE IRAQ DINAR and rolling it out to the exchanges worldwide. But like I told everyone it could take weeks before this rollout occurs after the re-instatement is signed off. [Post 2 of 2]
1-4-2018 Intel Guru Frank26 ON THE 7TH/8TH IRAQ WILL MEET WITH IMF AGAIN, MONETARY REFORM...ON THE 8TH IS AN ANNUAL EVENT - BANKS AROUND THE WORLD DO A SOFTWARE UPDATE...THERE SHOULD BE A 72 HOUR WAIT, SO ON THE 9TH TO THE 11TH A WINDOW WILL OPEN UP FOR IRAQ TO SHOW A RATE...FROM THE 12TH ON WE WILL BE WATCHING EVERY BREATH OF THE CBI...
1-4-2018 Intel Guru RayRen There is no push to get lower denominations out of ATMs because Iraq wants their people to use their cards rather than paper money. So they are working on getting the citizens more acclimated to using their cards, and making them aware that the ATMs are available for cash when they need it. Banking institutions here on excited, alert, and ready or at least thats what they are telling usIraq is done, although the CBI has yet to change its rate in public.
1-4-2018 Newshound/Intel Guru Mnt Goat Article: PARLIAMENTARY FINANCE PREPARES THE CURRENCY AUCTION FROM THE DOORS OF CORRUPTION Quote: THE SALE OF THE CURRENCY HAS BECOME A PLACE TO STEAL THE DOLLAR AND THE SMUGGLING OF CURRENCY ABROAD, so now we get an article advising the CBI to close the currency auctions downHow can they do this without a re-instatement of the currency? The auctions is the mechanism to which they use to convert dinars to dollars to pay foreign remittances. So, unless they can once again use dinar openly, there has to be some means to convert. FACT- we know that now that Chapter VII is fully gone and the CBI can do what it wants with its currency and does not have to stay under this auction program any longer. So further use of the auctions is purely the decision of the CBI. So why are they still using the process then? I will tell you [Post 1 of 2]
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Dinar Guru - Iraqi Dinar | Latest Iraq dinar recaps & updates
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