Iraqi Dinar Revaluation and Global Currency Reset News | Dinar Chronicles
http://www.dinarchronicles.com/intel
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tman23:
Another simple fact is Iraq's Budget involved oil at NO LESS than $90 a barrel. Today Iraq needs more income for salaries and infrastructure...Cut world oil production and you get $100 a barrel but less barrels...keep production the same and increase it and your likely well below $90 a barrel.
So to import and build infrastructure you need international purchasing power...And it is of no benefit at 1166, no benefit to purchase in petro dollars.
IQD 1-1 with usd is no benefit.
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If we research history in regards to the CBI lifting the zero articles they always stated the first of the year or June (the second half of the year) and very specific to say not in the middle of a quarter...That being said; the CBI appeared ready to initiate this project way before the latest round of talks about market economies etc..etc..etc.. I think they put their backs against the wall and have to RV now they have no choice.
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This information is third party but I believe to be trustworthy and accurate. As stated previously Jabouri and Ismail were reported to be in Switzerland and Jabouri is confirmed in ink... Ismail was there and it is being reported that meetings took place in which part known to include the release and transfer of funds being held that were frozen belonging to Saddam's regime (family members)...IMO...It appears that Iraq is collecting and finalizing the accounting of all it's assets.
IMO, If we follow what Abadi is doing according to ink, he is doing a complete accounting investigation of the GOI and it really appears to be a priority.
The General Secretary of CoM met with a World Bank representative as well on the same day Jabouri met with Ismail inquiring about the 3 zeros.
These 3 events are facts and reported in ink. Associate these 3 facts with an article that the Kurds want the 3 zeros lifted, the Kurds are growing faster and have investors sitting on the sideline ready to go.
The Kurds finally agreed to participate in the Central Government...IMO, I don't see Iraq opening the year 2015 with 3 zeros...We know for a fact Barzani doesn't want 3 zeros.
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Kaperoni:
my news is from the CBI...here is what is going on in the CBI.
I am sure most read the article yesterday saying the CBI is ready to engage the banking system with the world and the details in that article are really blunt...probably the most blunt we have ever had...well that same information was reiterated today on TV stating "considerable progress in reforming the banking system in Iraq"...but the real news was..."the CBI is compliant with all requirements of international regulatory agencies" which is very important and implies they are also compliant with the IMF.
if true they technically could move to Article VIII anytime...but again, i want to mention the ISIL problem but this was very clearly stated today.
we are getting closer.
we have seen over and over that stability is important at the same time we must look at the urgency of Iraq to move to a market economy.
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TerryK:
WORD I GOT IS CHINA IS PUSHING HARD FOR THIS TO HAPPEN WED NIGHT...YES I SAID CHINA.
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SteveI:
There are so many unknown factors that keep coming into play that it is impossible to second guess anything with a certain point of accuracy. Some say the budget of 2014 is derived from a new rate, some say it is not, I guess we will all have to just sit back and let this play out. Remember with the 2014 being so late in the year, it just may wait until the 2015 budget is processed. Until Iraq actually does this, no one is right or wrong until proven differently. There are also many that say that a rate change will not happen until the ISIL fighting is under control.
That is left to be seen. So many things change on a daily and weekly basis that what appears to be going good today, can change very quickly tomorrow.
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Millionday:
Article Quote:
"the agenda of the parliament session, which will be held on Tuesday under the chairmanship of Sheikh Hamoudi, includes swearing to members of the House of Representatives who were holding government positions and replacements for those who have held ministerial positions or Vice-President of the Republic and the follow-up temporary committees."
DO YOU SEE THAT? SWEARING IN REPLACEMENTS FOR THOSE WHO HAVE HELD MINISTERIAL POSITIONS.
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BGG:
[We can still have the RV regardless of Isis?]
...ISIS may actually wind up being the "T-Rex" in the room...(the catalyst for change).
[Can you tell me what "T-Rex in the room" means?]
the bad guy at the end that saves you - but is dangerous in every way.
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Poppy3:
EXPECTING GOOD REPORTS TONIGHT AND TOMORROW NIGHT ACTUALLY THE REST ON THIS WEEK IS LOOKING VERY GOOD FOR IRAQ TO MAKE PROGRESS.