mike
Article:
"Parliamentary Finance: Iraq's debt exceeded $ 100 billion"
Quote:
"Iraq's debt exceeded $ 100 billion, and divided by $ 35 billion internal debts and $ 70 billion in foreign debt, and came because of the government's borrowing to fill the budget deficit during the past three years"
...the $35 billion is part of the bonds that the CBI bought from the GOI, it was a workaround for the law preventing the CBI from loaning directly to the government. I've been watching these guys flounder around for the past two years, all the while the reserves are eroding. And still, no movement on the open market economy... News flash, Iraq, building your economy and creating trust in your banks takes years to get off the ground, you've wasted enough time. Iraq's credit rating will never improve with this type of financial performance. Your move, Abadi.
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Backdoc
Backdoc
MUCH HAS BEEN SAID ABOUT IRAQS' BUDGET (AS WE ALL KNOW) EVEN TODAY, IRAQ SPEAKS OF MAKING AMENDMENTS TO THE BUDGET ALREADY. WELL, WE HAVE A GOOD IDEA WHAT THOSE AMENDMENTS ARE FOR, DON'T WE? Hee Hee.
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Frank26
Frank26
Abadi and the CBI...pay close attention to what the IMF wants of them. In my opinion ...I expressed why...the TIME WAS UP for Iraq and their monetary reform. The IMF is the governing agency...tries to EQUALIZE world currencies. As you know, China is a currency manipulator. You saw what happened in Iraq with the MCP (multiple currency practice). You don’t see an indicative rate on the CBI’s website. The EVIDENCE points... 28...ARTICLES...to the fact that they are...IMO...doing that! TIME IS UP...IRAQ... YOU’VE GOT TO RAISE YOUR RATE NOW!
AIRLINE TICKETS...told not to take anything but IQD... more MCP evidence. This means that Iraq...at that moment...had control of their currency. Once Iraq switches over...only accepting/using IQD...this is a MONSTEROUS STEP...all done within the 1st quarter of 2017. MCP...this is a huge thing with the IMF. Since the 4th of January...the indicative rate TOOK OFF! Since then...Iraq was not really in charge of their rate anymore. That’s why the CBI is WAITING...on the IMF...waiting for the new numbers to come out. The testing of the NEW NUMBERS...it went perfect! These NEW NUMBERS...everyone is now waiting.
There is a period...that I call 72...72 hours...and IMO...the 72 HOURS...we STRONGLY agree that this period started WEDNESDAY into THURSDAY. That was on the 8th. On Saturday night... TIMES UP...and I was hoping to see a number on Sunday morning. What happened? Did something go wrong? No! Iraq is a sovereign country...and they can do it when they want...and boy oh boy are they getting ready too!
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Kaperoni
AIRLINE TICKETS...told not to take anything but IQD... more MCP evidence. This means that Iraq...at that moment...had control of their currency. Once Iraq switches over...only accepting/using IQD...this is a MONSTEROUS STEP...all done within the 1st quarter of 2017. MCP...this is a huge thing with the IMF. Since the 4th of January...the indicative rate TOOK OFF! Since then...Iraq was not really in charge of their rate anymore. That’s why the CBI is WAITING...on the IMF...waiting for the new numbers to come out. The testing of the NEW NUMBERS...it went perfect! These NEW NUMBERS...everyone is now waiting.
There is a period...that I call 72...72 hours...and IMO...the 72 HOURS...we STRONGLY agree that this period started WEDNESDAY into THURSDAY. That was on the 8th. On Saturday night... TIMES UP...and I was hoping to see a number on Sunday morning. What happened? Did something go wrong? No! Iraq is a sovereign country...and they can do it when they want...and boy oh boy are they getting ready too!
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Kaperoni
Article:
"Egypt: Inflation rose nearly 30 percent in January"
Quote:
"The floatation was part of a package of reforms introduced to secure an IMF loan of $12 billion to overhaul the economy."
I do expect Iraq to follow suit once ISIL is gone from Iraq. The result will be different of course because Iraq has so much more to offer than Egypt. The key here is the float is part of the IMF reform program.
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loop
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loop
Article quotes:
"Business in various countries around the world accomplish depends on the performance level of the institutions involved and the speed of service provided to the citizen and the company and of course here can be measured by the extent of the development of any country the world."
"the size of a large work is almost not available in all countries of the world"
THIS IS WHAT IS ATTRACTING SO MANY COUNTRIES.
Quote:
"to be the basis of national duty starting a new phase reaches us safely economic"
IT IS THE DUTY OF THE GOI TO ENSURE THE IRAQ TRANSITIONS INTO THE NEXT ECONOMIC PHASE SAFELY. WHAT IS THAT PHASE? IMO... JOINING THE WORLD MARKETS.
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Mountain Goat
Mountain Goat
I find it very funny now how many...are only now jumping onboard the ship and coming to the reality that perhaps it is the final liberalization and the enactment of the reconciliation law effort waiting for the RV. This will give Iraq the STABILITY and SECURITY it needs to allow the CBI to implement the next phase of the currency reform that of the project to delete the zeros. But hold on everyone! ...there is still the problem with the Iranian influence. This issue has been the major reason Iraq is in this war with ISIS in the first place. This is the reason why it is so hard to have peace and security in Iraq. So when Abadi officially announces the “full” liberation of Iraq there will still be this lingering issue. So it is not over till it’s over. So today we hear news that the newly elected Trump is cracking down on Iran and telling them to get out of Iraq. Again he is flexing the muscles of the USA military. He is walking tall and carrying a big stick! My personal feeling is that - ITS ABOUT TIME!
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Kaperoni
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Kaperoni
Article:
"Egypt: Inflation rose nearly 30 percent in January"
IMO, Egypt only has tourism... Iraq has wealth way beyond oil, gems, gold, etc. If timed correctly I do not see the dinar going anywhere but up. The dinar is so grossly undervalued, even if they do not have fluid investment coming in, I believe the dinar still will rise substantially.
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BGG
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BGG
Iraq NEEDS INTERNATIONAL ACCEPTANCE in the worst way - they don't "self-determine" that...they have to garner such support. Who cares what you price your "product" (ie; currency) at - if no one will buy it? Saddam found that out the hard way...anyone recall what happened when the CBI went out and tried to peddle their first bond offering last year? WITHOUT INTERNATIONAL ACCEPTANCE? nothing...zip...crickets. why? they hadn't quite met the mark just yet...and they were a little ahead of the game. Now - even this AM, we've got MP's coming out saying there will be NO SECTARIANISM in Iraq ever again...they may not have it all figured out just yet - but they are getting feel of the song...and these vibes (from the world community) is what I said TO BANK ON... mainly because it's the trend line I'm seeing in the News - period. No prediction needed. Iraq appears to have a few items to take care of yet... and they look like they are well on their way to giving the world community what they've been asked for.
Iraqi Dinar Revaluation and Global Currency Reset News | Dinar Chronicles
Courtesy of Dinar Guru
Iraqi Dinar Revaluation and Global Currency Reset News | Dinar Chronicles
Courtesy of Dinar Guru