4-13-2014 Intel Guru Footforward Iraq has been ready for 2 ½ years to do this. The bonds have been issued and that is factual. We were waiting on that. Some say there are triggers…I find it a waste of time. We know what we need to know. I believe we are very close to the RV. I don’t have a specific date and I don’t have a specific rate. I don’t know if it’s days, weeks or months, but it’s close.
4-13-2014 Newshound Guru wmawhite Keep in mind that many parts of the budget is dependent upon an improved exchange rate of the IQD…the IQD/nor an improved rate of the IQD is dependent upon the budget. the CBI has the keys to the car…the budget is the car.
4-13-2014 Intel/Newshound Guru Poppy3 only way the budget can help the loans and investment will be if the value of the dinar makes investing in iraq profitable. AS WE HAVE SAID…MOST ALL THESE LAWS WILL BE ALMOST SIMULTANEOUS WITH THE RV.
4-13-2014 Newshound Guru Millionday they have given a timeline and it is this week for the budget…they were to be back from washington. they are to start activating the results of the washington meeting within two days after their return. we don’t know when the rate for the dinar will come out — they want the budget passed before the elections and have that committee to get it done and seem to be moving fast with it. i have not seen any reports that have said the budget is put off until after the elections…i know the elections are the 30th of this month. [post 2 of 2]
4-13-2014 Newshound Guru Millionday Article quote: “…all the political blocs to seek to create an atmosphere of understanding shared between them for approving the budget, especially as the people still waiting to pass the law as soon as possible, and in a form that leads to the continued provision of services that could provide funds for service projects” the passing of the budget will activate the loans–investment– and economic — along with projects — so there is a lot that is expected to come at the same time as the budget…all at the same time makes sense. [post 1 of 2….stay tuned]
4-13-2014 Newshound Guru Kaperoni Article: “Iraq announces its intention to buy more gold in the coming months” [Anyone have a clue why they’re so intent on buying that much gold lately?] They want to support monetary policy. This includes stabilizing the exchange rate (which would mean meeting IMF conditions) and selling gold to citizens in dinar which will strengthen the currency by reducing the money supply. This is all good.
4-13-2014 Newshound Guru Aggiedad77 Article: “Soon .. open-ended sit in front of the parliament until the adoption of the budget” seems that the Maysan province is planning an old fashioned “sit-in” with the governor of the province leading the way in getting permits to do so…in front of Parliament…hold them hostage until they pass the budget…on a related subject, the World Bank issued a warning to the GOI that they would put Iraq on their black list if the GOI continues to intervene in the work of the CBI and attempts to make private loans from it.