News, Intel, Rumors and Opinions - September 22, 2014
Iraqi Dinar Revaluation and Global Currency Reset News | Dinar Chronicles
http://www.dinarchronicles.com/intel
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Millionday:
...THE ISSUES AT THE END OF WHERE THE BUDGET WAS LEFT FROM PREVIOUS GOVERNMENT WAS THE ISSUE WITH THE KURDS AND FEDERAL -- SO NOW ABADI HAS MET WITH BARZANI AND THEY HAVE RESOLVED SO WE ARE IN A VERY GOOD PLACE WITH THE BUDGET AND IT IS EXPECTED TO PASS.
ACCORDING TO WHAT THEY ARE SAYING IS THIS WEEK WILL SEE A VOTE FOR THE 2014 BUDGET --- SO THAT WOULD ALLOW THE TIMELINE TO BE REACHABLE AS THEY HAD ANNOUNCED AS THEIR GOAL.
PARLIAMENT MEETS TOMORROW [MONDAY] AND TUESDAY.
I DID SEE A REPORT ALL ABOUT THE BUDGET AND IT IS IN THE BILLIONS.
WE HAVE BEEN TOLD BY MANY SOURCES THAT ARE TRUSTED THAT THE GOAL IS TO OPEN THE BUDGET BY THE 1ST OF OCTOBER --- THEY HAVE MADE IT CLEAR THAT IS THE GOAL.
Article quote:
"...the parliament will approve a budget for the three months and a half remaining this year, with the exchange rate increase approved by the Parliament earlier on the salaries of employees with retroactive effect from the beginning of this year and will be disbursed next month..."
THIS IS SAYING THAT THE BEGINNING OF THE MONTH WILL BE THE THREE MONTHS THAT WILL BE DISBURSED AND IT WILL BE AT THE NEW EXCHANGE RATE. THEY WILL ALSO BE PAYING BACK PAY.
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[Is it true parliaments last day is sept 25 and don't return til Oct 8th?]
THE NATIONAL IRAQ DAY AND THE HOLIDAY IS NOT A BANKING HOLIDAY OR GOVERNMENT SO I HAVE NOT HEARD THAT THEY WILL BE OFF ALL OF THAT TIME.
[When are they scheduled to vote on that basket of currency and economic reform laws?]
THIS WEEK THEY ARE SCHEDULED TO VOTE.
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tman23:
Baghdad – the Parliament decided to continue to hold meetings to Thursday (9/25) and to resume after Eid al-Adha holiday, Wednesday 10/8 which will be about two weeks...THIS GIVES THEM 4 DAYS TO VOTE AND PASS PENDING LEGISLATION.
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The CBI is closed 10/4 to 10/7...Parliament will be also!!! It is a NATIONAL HOLIDAY.
CBI website confirms closed 4-7 [October 4th to 7th].
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Poppy3:
I STILL DON'T THINK THEY WILL CHANGE THE RATE TILL THE BASKET OF FINANCIAL LAWS ARE PASSED SO THEY CAN COMPLETE THE WTO PROCESS OF ACCEPTANCE.
THAT BASKET IS IN PARLIAMENT AND READY FOR VOTE FROM ALL INFORMATION IN INK . UNKNOWN WHY THEY HAVE NOT BEEN VOTED ON YET BUT THEY ARE EXPECTED AT ANYTIME EVERY MEETING.
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Kaperoni:
Article quote:
"House of Representatives decided to continue its activities until the end of this month to resume work on the fourteenth of October next, after the end of the holiday."
So parliament will continue to work and have sessions through the end of Sept and will take a vacation/break from Oct 1- Oct 13th for a holiday (resuming on the 14th).
»»»»»»»»»»»»»»»»»
Article quote:
"After the agreement of the Presidency of the Parliament during a meeting with heads of blocs and members of the parliamentary committees on the continuation of the meetings of the Council until the 30th of September, the current, most likely politicians to postpone the vote on the candidates for the ministries of interior and defense until after the Eid al-Adha..."
So they will not name the defense or Interior until after the holiday which ends October 13th.
So at least the middle of October before they seat these ministers.
»»»»»»»»»»»»»»»»»
Article:
"Determined by the value of the dinar monetary policy"
Saleh is describing the definition of the Balassa-Samuelson effect.
Quote:
"Balassa–Samuelson (BS) hypothesis implies that countries with rapidly expanding economies should tend to have more rapidly appreciating exchange rates."
In other words, the appreciation of the dinar is directly related to the growth (increased productivity) of the economy.
Which is what Saleh is stating in this article above.
...we will see the dinar rise as they open the market economy.
That is a fact...it simply has to because raising the value of the dinar is a monetary tool for the CBI to control inflation which will occur as a result of massive investment.
Once they are ready, and open the Capital Account, move to Article VIII and a new Exchange Regime, the CBI's task will then become one that monitors capital and investment into Iraq.
As that occurs, the dinar will rise in value to offset the inflation it creates. The bottom line, is we have to wait for the new GOI to get to that point..and it will still take time..we are talking laws, stability, security so the market economy is a success.
»»»»»»»»»»»»»»»»»»»»»»»»»»»»»»»»»»
Shredd:
Article:
"Claims to reconsider the law of economic reform"
Quote:
"[economic reform] is a good idea and much needed, especially at this stage that requires the transformation of the economy totalitarian central to a market economy."
Yes, a great article to start off a Monday with!
I know we've said it many times before, but a market economy means Iraq will have a Dinar that is representative of it's true value.
»»»»»»»»»»»»»»»»»»»»»»»»»»»»»»»»»»
Chattels:
IMO, ...the Kurds...can expect to be disappointed, at least initially, with the response of the new government to the Kurdish demands. ...if our event happens anytime soon it will be a surprise to me.
Iraqi Dinar Revaluation and Global Currency Reset News | Dinar Chronicles
http://www.dinarchronicles.com/intel
---
Millionday:
...THE ISSUES AT THE END OF WHERE THE BUDGET WAS LEFT FROM PREVIOUS GOVERNMENT WAS THE ISSUE WITH THE KURDS AND FEDERAL -- SO NOW ABADI HAS MET WITH BARZANI AND THEY HAVE RESOLVED SO WE ARE IN A VERY GOOD PLACE WITH THE BUDGET AND IT IS EXPECTED TO PASS.
ACCORDING TO WHAT THEY ARE SAYING IS THIS WEEK WILL SEE A VOTE FOR THE 2014 BUDGET --- SO THAT WOULD ALLOW THE TIMELINE TO BE REACHABLE AS THEY HAD ANNOUNCED AS THEIR GOAL.
PARLIAMENT MEETS TOMORROW [MONDAY] AND TUESDAY.
I DID SEE A REPORT ALL ABOUT THE BUDGET AND IT IS IN THE BILLIONS.
WE HAVE BEEN TOLD BY MANY SOURCES THAT ARE TRUSTED THAT THE GOAL IS TO OPEN THE BUDGET BY THE 1ST OF OCTOBER --- THEY HAVE MADE IT CLEAR THAT IS THE GOAL.
Article quote:
"...the parliament will approve a budget for the three months and a half remaining this year, with the exchange rate increase approved by the Parliament earlier on the salaries of employees with retroactive effect from the beginning of this year and will be disbursed next month..."
THIS IS SAYING THAT THE BEGINNING OF THE MONTH WILL BE THE THREE MONTHS THAT WILL BE DISBURSED AND IT WILL BE AT THE NEW EXCHANGE RATE. THEY WILL ALSO BE PAYING BACK PAY.
»»»»»»»»»»»»»»»»»
[Is it true parliaments last day is sept 25 and don't return til Oct 8th?]
THE NATIONAL IRAQ DAY AND THE HOLIDAY IS NOT A BANKING HOLIDAY OR GOVERNMENT SO I HAVE NOT HEARD THAT THEY WILL BE OFF ALL OF THAT TIME.
[When are they scheduled to vote on that basket of currency and economic reform laws?]
THIS WEEK THEY ARE SCHEDULED TO VOTE.
»»»»»»»»»»»»»»»»»»»»»»»»»»»»»»»»»»
tman23:
Baghdad – the Parliament decided to continue to hold meetings to Thursday (9/25) and to resume after Eid al-Adha holiday, Wednesday 10/8 which will be about two weeks...THIS GIVES THEM 4 DAYS TO VOTE AND PASS PENDING LEGISLATION.
»»»»»»»»»»»»»»»»»
The CBI is closed 10/4 to 10/7...Parliament will be also!!! It is a NATIONAL HOLIDAY.
CBI website confirms closed 4-7 [October 4th to 7th].
»»»»»»»»»»»»»»»»»»»»»»»»»»»»»»»»»»
Poppy3:
I STILL DON'T THINK THEY WILL CHANGE THE RATE TILL THE BASKET OF FINANCIAL LAWS ARE PASSED SO THEY CAN COMPLETE THE WTO PROCESS OF ACCEPTANCE.
THAT BASKET IS IN PARLIAMENT AND READY FOR VOTE FROM ALL INFORMATION IN INK . UNKNOWN WHY THEY HAVE NOT BEEN VOTED ON YET BUT THEY ARE EXPECTED AT ANYTIME EVERY MEETING.
»»»»»»»»»»»»»»»»»»»»»»»»»»»»»»»»»»
Kaperoni:
Article quote:
"House of Representatives decided to continue its activities until the end of this month to resume work on the fourteenth of October next, after the end of the holiday."
So parliament will continue to work and have sessions through the end of Sept and will take a vacation/break from Oct 1- Oct 13th for a holiday (resuming on the 14th).
»»»»»»»»»»»»»»»»»
Article quote:
"After the agreement of the Presidency of the Parliament during a meeting with heads of blocs and members of the parliamentary committees on the continuation of the meetings of the Council until the 30th of September, the current, most likely politicians to postpone the vote on the candidates for the ministries of interior and defense until after the Eid al-Adha..."
So they will not name the defense or Interior until after the holiday which ends October 13th.
So at least the middle of October before they seat these ministers.
»»»»»»»»»»»»»»»»»
Article:
"Determined by the value of the dinar monetary policy"
Saleh is describing the definition of the Balassa-Samuelson effect.
Quote:
"Balassa–Samuelson (BS) hypothesis implies that countries with rapidly expanding economies should tend to have more rapidly appreciating exchange rates."
In other words, the appreciation of the dinar is directly related to the growth (increased productivity) of the economy.
Which is what Saleh is stating in this article above.
...we will see the dinar rise as they open the market economy.
That is a fact...it simply has to because raising the value of the dinar is a monetary tool for the CBI to control inflation which will occur as a result of massive investment.
Once they are ready, and open the Capital Account, move to Article VIII and a new Exchange Regime, the CBI's task will then become one that monitors capital and investment into Iraq.
As that occurs, the dinar will rise in value to offset the inflation it creates. The bottom line, is we have to wait for the new GOI to get to that point..and it will still take time..we are talking laws, stability, security so the market economy is a success.
»»»»»»»»»»»»»»»»»»»»»»»»»»»»»»»»»»
Shredd:
Article:
"Claims to reconsider the law of economic reform"
Quote:
"[economic reform] is a good idea and much needed, especially at this stage that requires the transformation of the economy totalitarian central to a market economy."
Yes, a great article to start off a Monday with!
I know we've said it many times before, but a market economy means Iraq will have a Dinar that is representative of it's true value.
»»»»»»»»»»»»»»»»»»»»»»»»»»»»»»»»»»
Chattels:
IMO, ...the Kurds...can expect to be disappointed, at least initially, with the response of the new government to the Kurdish demands. ...if our event happens anytime soon it will be a surprise to me.
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