January 13, 2015

One US dollar could soon equal one euro

One US dollar could soon equal one euro

WPTZ The Champlain Valley – 21 minutes ago

Now Goldman Sachs believes the U.S. dollar will catch up to the euro and the two currencies will be about equal by the end of next year.

Euro could be worth less than U.S. dollar by Jan. 2018 – Hellenic Shipping News Worldwide

Don't be shellfish...

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2-3-2015   Newshound Guru Adam Montana    [do you have to show where you purchased your Dinar and the transaction date when you cash out?] Absolutely not.

2-3-2015   Newshound Guru Millionday    IF YOU ARE NOT HAPPY GET THAT WAY -- BECAUSE THEY ARE MOVING FORWARD WITH REFORMS AND THE GET OFF THE POT IS COMING -- ONE WAY OR ANOTHER .

2-3-2015   Newshound Guru Kaperoni   Article quote: "Called on the Finance Committee in the House of Representatives to cancel currency auction, offered by the central bank daily, noting that all states do not follow that policy" Yes, I am for that...cancel the auctions, move to Article VIII and go to a float to determine the rate of the dinar...compliance must come first...but I like the idea.

2-3-2015   Intel Guru TerryK   I GOT A RATE TODAY FROM A SOURCE THAT'S BEING BOUNCED AROUND...WELL U ALL KNOW I HAVE BEEN SAYING WHAT... 8.16.    IRAQ IS FAST TRACKING THINGS...[THEY] GOT THE 56.00 A BARREL THEY WERE SEEKING AND THINGS ARE CLICKING IN THE BANKING AREA...THEY ARE GETTING THE BONDS ESTABLISHED...READY...LOANS READY AND AGAIN HEARING THAT THEY WANT TO MAKE AN ANNOUNCEMENT...NOT BEING TOLD WHAT IT IS, I CAN ONLY HOPE...TOMORROW NIGHT AROUND 9:23PM...WHAT I WAS TOLD THIS AFTERNOON BY DC CONTACT.

2-3-2015   Newshound Guru sczin11 ...LOTS OF LAWS ARE BEING READ, VOTED ON, PASSING ONTO HOUSE...WHERE IS THE HOUSE? ON VACATION UNTIL THE 10TH?

2-3-2015   Newshound Guru Chattels   [There are those that are saying the President signed the budget. Would love to know if that is accurate or not?] not as of the reported news this morning...not that i can find in ink...we believe that the President can ratify /sign it sooner, but by default it is law fifteen days after receipt.

2-3-2015 Newshound Guru Aggiedad77   The reforms that we see unfolding with this month are fascinating...for they lead to much bigger things. The laws they work on and push forward all are done with purpose...Time is on our side...

2-3-2015   Intel Guru TerryK   [what's up with the budget. Is it signed or not?] SOURCE IS TELLING ME IT IS SIGNED AND IN THE LAW SECTION IN THE PAPER IN IRAQ...ON PHONE WITH IRAQ SOURCE... I GOT THAT THEY ARE WAITING ON THIS BY THE MINUTE JUST LIKE THE RV...TONIGHT MAY BE A GREAT NIGHT IF INDEED THEY HAVE THE DOCS SIGNED AND IN THE PAPER IN IRAQ.

2-3-2015   Newshound Guru Millionday   WE HAVE NO TIMELINE GIVEN -- WE HAVE ABADI ANNOUNCING THAT ON THE 12TH OF FEB HE WILL BEGIN THE STRATEGIES OF THE ECONOMIC REFORMS THAT HE HAS TO DO WITH IT. I HAVE TO SAY IT WILL BE INTERESTING TO SEE WHAT COMES IN THE NEXT WEEKS.

2-3-2015   Newshound Guru sczin11 SO MUCH HAPPENING,  NO RV YET, THAT IS IN PUBLIC VIEW...BUDGET IS ON...TO PRESIDENT, SO THEY CLAIM...HCL BEING DISCUSSED NOW, SO THEY SAY...CBI IS ACTIVE ACTIVE ACTIVE, ON MANY FRONTS...THAT IS FACT, AS WE MUST ASSUME RELEASES ON THEIR ARABIC WEBSITE ARE TRUE... DE-DOLLARIZATION, IMHO, IS IN FULL MOTION...WHAT MORE CAN WE SAY?

2-3-2015   Newshound Guru Tlar   the rules...showing Import Regulations is very interesting...    "Up to 25 Dinars can be imported and sums no greater than 5 Dinars can be exported out of the country." 25 dinars going in and only 5 dinars out is not many dinars either way. Today neither of these two sums exist in the form of currencies (notes or coins) in Iraq. The smallest note to ever hit the street since 2003 was the 50 dinar note. There was a 25 dinar coin but it has long since been melted and pulled from circulation. So these restrictions make no sense under the current monetary regime yet this is the new law. Essentially under the current exchange rate they are saying NO money in or out. We know that can't be right.

2-3-2015   Intel Guru Freeway Bill   ...with everything that is coming out right now, I feel confident that we are just in a waiting process while they dot the i's and cross the t's.

2-3-2015   Intel/Newshound Guru tman23 The fact is that added liquidity to banks and then to much liquidity is the key core for inflation...A foreign currency auction is a tool used bt the Central Banks which indirectly absorbs the excess liquidity...The catch 22 is... Iraq cannot RV or RI with 3 zeros included on the notes, the liquidity in banks would be instant hyper-inflation...and to cap the foreign currency sales at 75 million...This is partly due to the new payment window AND the steps for lifting the 3 zeros.

2-3-2015   Newshound Guru Aggiedad77   [why is today's (Monday's ?) auction at 91.7 million when according to the they should have a cap of 75 million?]   IMO...they had such an auction today...because they can ...the budget has not yet been signed, nor printed in the Gazette so therefore it is not law yet...gives the CBI a few days to still have auctions outside the CAP that was established in the budget.

2-3-2015   Intel/Newshound Guru American Contractor    There are very valid and concrete economic reforms inside the 2015 Federal budget. There is still a waiting period for implementation. It could very well exceed the 15-day waiting period. The Iraq Parliament Economic Committee has the next several weeks to coordinate and implement those economic reforms. It is the reason they have a major meeting in Baghdad on 5 February 2015. The Exchange rate has changed. Today the market rate is 1250 IQD. The U.S. currency is limited in the streets of Baghdad and across the country. Iraqi’s are feeling the austerity measures and are holding on to their dollars for as long as they can. You will see actual currency reform when the ISIS terrorists are all killed and all Iraqi banks are back in control of the Central Bank. Until then, the Iraqi government will continue with austerity measures and obtain loans from International Monetary Fund (IMF) and perhaps World Bank. Private loans from wealthy Arabs are in the works.

2-3-2015   Intel/Newshound Guru Poppy3   THE CBI NOW CARRIES THE BALL HANDED OFF TO THEM WHEN THE GOI FINISHED THEIR PART ON THE 31ST. THE CBI NOW HAS TO FINISH THEIR PART AND THEY ARE WORKING OVERTIME AS FAST AS POSSIBLE TO COMPLETE THEIR AGREEMENTS TO SUPPORT THE GOI AND THE FUNDING OF THE BUDGET. ...THIS IS SIMPLE, WHEN THEY GET THEIR PROCESS COMPLETED WE WILL GET PAID... RV IS FINE AND ON THE WAY...

2-3-2015   Newshound Guru Millionday   Article quote: "...a member of the parliamentary Economic Committee, that "some of the paragraphs of the general budget for the current 2015, a source of wonder, and other improper and ambiguous," expected to "return the dinar exchange rate against the dollar to normal after a month from now." THIS IS THE HUGE UPROAR TODAY WHILE EVERYONE TRIES TO FIGURE OUT WHAT IT MEANS...YOU MUST ASK YOUR SELF --- WHAT IS NORMAL? NOTE -- SALEH STATED YEARS AGO THAT IT WAS WHAT IT WAS IN THE 80`S -- AND SO WE MUST SEE.

2-3-2015   Newshound Guru Tlar   Article: "A set of economic laws will go on legislation in the next phase"   IMO these laws as important as they are, will not delay the illusive RV. The next phase is the phase we will be in after the budget is opened and the after dinars are disbursed. It is my belief that the currency value will change before they disburse the first dinar... Bxxxx, thanks for the article showing they intend to pass the money out within 10 days. We have a bench mark now.

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