[allinxpress] Which also backs up my point. These people aren't too smart so an exchange rate that changes dramatically every day will confuse them. Not to mention they have more assets now that are worth More than before when they had a 3-1 rate
[BGG] ivorygal - they have been making noise about it for some time now. I pointed this out - when I think it started to dawn on them what it would mean to each and every one of them - personally.
[BGG] allinxpress - I agree - there are some issues on either side of the equation.
[jtank] I think the negative news about scam is to slow us -lessen dinar holders--
[disciple7] Agreed jtank
[BGG] Just in: Upper: Maliki has lost all of his allies - out of the KA - Yowsers!!
[larrykn] jtank thats ok more for us lol
[BGG] I'll have this on THE BLOG this afternoon...
[BGG] this comment - "and seeks al-Maliki, whose term ends for the second session in 30 of the month next for the third term,"...
[BGG] implies (as Chattels has pointed out) Maliki's term officially ends in March and a "care-taker" GOI is supposed to take over until the elections.
[msidaho] Bgg bgg wowwzerss!!
[BGG] I don't hold much hope for that (exactly) but it an encouraging notion.
[mydinar100] I don't understand. Does M have to leave his PM ship April 1?
[BGG] mydinar100 - I'm not exactly sure - but that is the implication from a number of references.
[BGG] Wouldn't this be slick??
[jtank] He will buy the caretaker maybe
[msidaho] BGG which would imply he'd need a currency shift before to benefit from?
[mydinar100] BGG If he doesn't does he any authority.
[msidaho] He wouldn't be in a position to do so after april 1...If that is actually in fact true?!
[BGG] Maliki has to "hand the reigns" over to a "care-taker" GOI and THEY ENACT monetary reform in the interim??
pherrmann] what do you think the chances are of them doing a no-confidence vote before the election?
[BGG] pherrmann - no reason for them to - all they have to do is win.
[BGG] and they don't upset the apple cart with the Shias.
[pherrmann] then why is Iran asking for it?
[BGG] msidaho - that is the implication going back as far as Sept of last year - when his son was here in the States. They know (or at least purport to) they need it to succeed.
[BGG] pherrmann - As I understood - Iran was only asking for a different Shia candidate. Sadr has been in Tehran this whole time. His cousin is the likely "dark horse" in all this.
[pherrmann] ok. thank you. I misunderstood the article.
[BGG] pherrmann - I will look at it again and comment on THE BLOG later.
[pherrmann] thank you for all you do. You keep us out of the weeds!
[BGG] Big job just keeping myself out of the weeds lol
[disciple7] BGG is the budget meetings still the 16th and 18th of this month?
[BGG] disciple7 - sounds like Sunday is the start of things... is what is being advertised.
[disciple7] Thank you sir
[tman23] March 21'st 2013 IMF Article IV Discussions.........“Financial sector policies are improving, but more remains to be done. The CBI’s ongoing efforts to refine monetary policy instruments, strengthen banking supervision, and accelerate the restructuring of the banking system are crucial.
In this respect, the recent steps to clean up the balance sheets of Rasheed and Rafidain in preparation for their restructuring and recapitalization are key.
The CBI should also take measures to gradually liberalize the provision of foreign exchange through its auctions, with the objective of avoiding in future the turbulence experienced by the market in the past year.
[jtank] They are trying to pull in all zeros so would that dry up supply here? And in Iraq would they not want to start using LDs instead of continued use of zeros--
[tman23] They cleaned up the balance sheets and are ready to recapitalize.....The auctions are in foreign currency.......IMHO there is more reason behind not sending the Kurd central bank payments other than the oil dispute....Certainly does not benefit Maliki to start these issues when elections are so close
[BGG] tman23 - all good points. I like it.
[paulkeese] BGG, with all of the above being said, is the window still until 4/1 or extended beyond elections and new GOI? Thanks
disciple7] BGG do u feel the new rate is tied to the budget?
[BGG] paulkeese - "THE WINDOW" is a little absolute. Unlike other outlets - we don't make it up - we report.
[BGG] disciple7 - Budget progress is very good - but I am not convinced they are "inextricably linked".
[disciple7] Ok thank you
[jtank] WTO next monday thru Friday
[BGG] jtank - which echoes my point - if there is so much Dinar in circulation - where is it all??
[tman23] Here is an interesting article on Kurdish bank... which IMO is pointing to recapitalization.... http://www.basnews.com/e ··· es/13819 reserves......
[tman23] http://www.basnews.com/e ··· es/13819
[BGG] tman23 - Good piece – Thanks Your thoughts?
[tman23] I have never been so confused as I am now.....If somebody presented the IQD investment to me today and I researched Iraq......I would run....I say this because they only show corruption and violence along with a failed infrastructure
tman23] But.....Reality is Iraq is booming.....Pizza Hut just opened in Kurdistan...Iraq just recieve the first passenger train cars from China that will go from Baghdad to Basra........The place is beautiful...they only show us the slums
[BGG] tman23 - I get that. I would rather be here than not - though.
[BGG] OK gang - 5 min... any last questions??
[BGG] I like our prospects for the near/mid-term - one way or the other things are moving along nicely.
[topgun] BGG ... Thanks for all the great INFO... Looking forward to the updates on the BLOG ... All the BEST!!
[tdarjohn] How is Millionday ??
[pherrmann] Do you think the election will be held on time?
[BGG] tdarjohn - She'll be back Monday...
[disciple7] BGG is 2014 our year? ��
[BGG] pherrmann - I think most of the provinces - yes.
[graylnjo] One way or the other?
[BGG] disciple7 - Even the naysayers (Maliki yes men) on the Finance Committee say so.
[BGG] topgun - this afternoon will be LOADED with updates. I promise a BLOG JAM on the way.
[tdarjohn] From Sri Lanka thanks for all you do BGG !!
[disciple7] I'm excited
[jtank] IRAQ will change with the change in monetary reform--reality rate!!!
tman23] One question.....Why is the deputy minister of oil in every meeting and photo op......yet the minister stays behind the curtain
[topgun] BGG ... Sock it to US !!
[jtank] Bgg-bgg--da man
[BGG] tman23 - two words - "BY PROXY"
[disciple7] BGG on the blog or observer?
[BGG] disciple7 - Both
[BGG] OK gang - that's it. Lunch time. Tune in for News Time at 7:30PM EST.