4-18-2017 Newshound Guru BGG [Do you think that the IMF meeting with the CBI and GOI this weekend could be the GO/No Go meeting for the Revalue of Iraq’s currency?] …IMHO it looks as if all these “talks” will happen first – THEN the Executive Board will decide and vote on, what to do. …the next few days are going to be very, very full of activity. Followed up by the IMF Executive Board. I’m saying – the end of April… up through about the 29th – is a VERY BUSY TIME for Iraq and the world financial overseers.
4-18-2017 Newshound Guru mike Article: “Abadi’s adviser “Economy News”: Iraq will discuss with the IMF, the development of foreign reserves” Quote: “the Iraqi government succeeded in achieving economic reform, which is reflected positively on the economy.” I don’t know how they can say they’ve already succeeded, there’s still a ton of work to do to change Iraq’s economy. Iraqi’s have a way of saying what other people want to hear, especially when it comes to the guys who are giving them billions of dollars with economic strings attached. The IMF did ask Iraq to reduce the government payroll, implement anti-money laundering plans, repair the banks and begin the tariff program for imports. Maybe that’s what he’s talking about when he says they’ve succeeded in achieving economic reform. I hope not.
4-18-2017 Newshound Guru MadDScout [Do you think that the IMF meeting with the CBI and GOI this weekend could be the GO/No Go meeting for the Revalue of Iraq’s currency?] I will offer that it is a very important meeting. With the frozen funds coming back on line in June seems strategic.
4-17-2017 Intel Guru Frank26 The CBI and GOI is meeting with the IMF and WB. If it was just with the IMF i would say it was a regular continual meeting…But it’s not. There is no countdown for a DATE…YOU KNOW THAT. But IOO…There is a Change coming and…YOU KNOW THAT. …may I point something out …the indicative rate has not been on the CBI website all year …they break laws but consider this …they don’t show you 1000 to 1…they will never show you one to one so when they lift the three zeros they won’t even show you that…In the still of the night they will simply apply it and go about their business…
4-17-2017 Intel Guru Delta CBI AND GOI WILL MEET WITH IMF AND THE WORLD BANK ON FRIDAY 21ST FOR 3 DAYS.
4-17-2017 Intel Guru Frank26 …I have gone Silent this week…For the things that are happening inside of Iraq must come out in their voice and it is wiser that I have no Voice…Until next Week. […it actually seems like its going down this month or the first of next.] Normally…If One can smell something…One is about to taste it.
4-17-2017 Intel Guru RayRen98 From my understanding, there was a concerted effort to get this done this weekend. Everything indicated that, but it didn’t. This is very much real and happening…I have no reservations about Iraq revaluing its currency; I thought it would happen a week ago, then some were being told Easter or immediately thereafter. That’s where we are now, but that is not saying “it is coming today”. Here is where we are, based on Friday coming into Monday – all the information is still holding, expecting this any minute. Exciting times! I do think it will happen this week…definitely think we will be exchanging by the end of the month. Twenty four hours is going to tell us a whole lot…the end is in sight and we are rapidly approaching the phase of this trip that we have been looking for.
4-17-2017 Intel/Newshound Guru tman23 …They have been preparing and been prepared… The Kurd disagreements are not holding it back simply because all banks are following central bank laws and… Kurd government are enforcing currency laws…money laundering etc…
4-17-2017 Newshound/Intel Guru BGG […what your thoughts on that no float….I did some research and there are advantages and cons about a pegged rate. I read if theyd come out low it will help with trade but on the other hand it could raise inflation.] Not could – will…it would start an inflationary trend that might not be easy to stop. IMHO – it will be a “managed float” – meaning: it will look so much like a fixed rate – it might as well be fixed.