Dinarland Highlights for March 23, 20163/24/2016 03:11:00 AM [url=http://inteldinarchronicles.blogspot.com/search/label/Adam Montana]Adam Montana[/url], KTFA, [url=http://inteldinarchronicles.blogspot.com/search/label/Mountain Goat]Mountain Goat[/url], News, OOTW, rcookie, [url=http://inteldinarchronicles.blogspot.com/search/label/The Big Call]The Big Call[/url], Thoughts, Update, wmawhite
Dinarland Highlights - 3.23.16
WE ARE LOOKING FORWARD TO THE REST OF THIS WEEK. WE ARE RIGHT WHERE WE NEED TO BE RIGHT NOW. THIS IS AN OPPORTUNITY FOR THIS TO COME VERY VERY QUICKLY. WE KNOW WE ARE VERY CLOSE TO RECEIVING IT. EVERYTHING IS ABOUT READY TO CHANGE RIGHT NOW. NOTIFICATIONS ARE ALL WE ARE LOOKING FOR NOW.
The ISX spent huge $$ for the new trading platform that will enable it to trade with 23 other international trading platform from around the globe...they are waiting to activate it. The ISX, IMO, is the one unspoken indicator that truly shows us that Iraq intends to change the status of the IQD, as well as its value.
ALL OF THE INDICATORS THAT HAVE ALWAYS BEEN NECESSARY TO DRIVE AND SUPPORT ANY IQD VALUE CHANGE...THAT HAVE NEVER BEEN ADDRESSED UNTIL THIS PAST YEAR...INVESTMENT LAWS...BANKING...CORRUPTION ADDRESSMENT... INSURANCE...CUSTOMS & TARIFFS...AML/CFT COMPLIANCE...NON OIL DIVERSIFICATION...COMPREHENSIVE BUDGET EXECUTION...CONFORMITY & COMPLIANCE TO IMF/WB/UN REFORMS AND MANDATES TOWARD ARTICLE VIII DECLARATION AND WTO ACCESSION...INDICATORS LIKE THE ISX...AND PRIVATE SECTOR DEVELOPMENT FOCUS IS THE FUEL FOR THE IRAQ ECONOMIC FERRARI.
It certainly doesn't take a rocket surgeon or a brain scientist to see that oil is silly low right now. After you take into account for inflation, it's even more obvious that this low rate cannot last. Now, if a bunch of numbskulls like us can easily see that oil should probably be closer to $80... don't you think Iraq can, too? I certainly do. As I type this, oil hasn't moved and we still haven't seen any significant news on the HCL. The GOOD news is that it also doesn't take a genius to grasp that oil is probably about as low as it can possibly go, which means there's only one way for it to go from here. UP. And the GREAT news is that in spite of these ridiculously low oil prices, the CBI has maintained a very strong grip on the exchange rate, proving that they are, as always, very capable of manipulating their market how they wish. ...at this time I think our motto is: "Watch the oil".
HCL still is not all settled and the citizens have not yet received their share of the oil revenues. They can load the funding on the Qi cards all they want but until they activate them (new rate or old rate it does not matter) they have not yet paid them. The GOI does not want to pay out oil revenues since the government has mismanaged the great wealth of the nation and the money is simply not there to pay out. Instead it is all in the pockets of the crocked politicians. These HCL payments to the citizens are...mandated by the UN and the USA. Now we see the religious clerics too fighting for the average citizen for them to get what is rightfully theirs. Just remember...that their new constitution must be FULLY implemented or no RV. Mark these words carefully...not as a rumor or conjecture, but as FACTUAL. I have been told this directly by some very strong politically connected people, people who don’t lie and would have no reason to lie.
[What's your take on Iraq getting the approval from the UN and WTO on the upcoming issue of Articular 8?]
I've never placed a major emphasis on Article 8, and I still don't. That would be a strategic detail, whereas I still believe it's more about the fundamentals at this time. Those fundamental things have been whittled down to a very short list:
I like short lists!
Here's something for everyone to consider, speaking of fundamentals. I made a big deal out of how the Kurds and Baghdad were getting along so much better lately. If you've been in this for long, you will know that we used to ALWAYS see article after article about 7% this and 14% that and Kuwait boycotting Parliament due to non-payment and on and on... have you seen much of that lately? Or any? Nope. It's been very quiet on that front, because they've got those fundamentals worked out. They're playing nice with each other, and despite the wait... I really like our odds once we start seeing oil go back up.
..."cashing in"...people do not cash in currency...countries do not cash in currency reserves. Instead, currency is "exchanged" for something of another value...we will exchange for another currency relative to what we want to use...countries, may exchange another currency for yet another, or may not exchange at all.
If I Recall Correctly...Iraq ALREADY has their SWIFT CODES for International Banking...as we Know IRAN does as Well...thus IMO...As Normal...Most things are Already PLANNED and IMPLEMENTED behind Closed Doors...and then (WHEN) Appropriate
Bamm...They show it to the World...!
"[Parliament] Agenda of the meeting No. (23) Monday 4 April 2016 April 4, 2016"
"...the vote on the draft Islamic Bank loan development (draft law and the draft law on ratification Istisnaa agency Istisnaa between the Government of the Republic of Iraq and the Islamic development Bank Convention on the Law..."
IS ABOUT ISLAMIC BANKING REGULATIONS FOR LOANS TO THE GOVERNMENT FOR PROJECTS... "DRAFT CENSUS LAW". THAT'S A BIG DEAL BECAUSE, IF THIS IS TO DO WITH TAKING A CENSUS, INCL THE KURDISTAN REGION, THEN THIS IS A PRECURSOR TO FULFILLING THE REQUIREMENT FOR A CENSUS PRIOR TO DISTRIBUTION OF THE CITIZENS' PROFITS RE OIL PAYMENT SHARES.
WTO ACCESSION IS A HIGHLY INDIVIDUALIZED PROCESS...THAT IS DIFFERENT FOR EVERY COUNTRY....AND MOSTLY INVOLVES INTERNATIONAL TRADE AND INTERPRETATION AND APPLICATION OF GATT (GENERAL AGREEMENT TARIFFS & TRADE) OF 1948 AND TRADE ARRANGEMENTS AND LAWS BETWEEN COUNTRIES...AND THE LEGAL PROCESS OF TRADE DISPUTES AND SETTLEMENT PROCESSES...IRAQ STARTED ITS WTO ACCESSION PROCESS IN 2004...IT IS A LONG...AND GRUELING PROCESS...THAT THEY ASPIRE TO ATTAIN.
Iraqi Dinar Revaluation and Global Currency Reset News | Dinar Chronicles
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