DELTA: HELLO FAMILY: ON 4/9 THE BUDGET WAS SHOWING IN THE GAZETTE BUT MOST OF YOU DID NOT NOTICE THAT THE PUBLISHED DATE WAS SHOWING 04/10 SO THE EFFECTIVE DATE WAS SUPPOSE TO TAKE PLACE TODAY 04/11 . BUT WAIT TODAY IS AN OFFICIAL HOLIDAY. THAT'S MEAN NO ONE GET PAID.
THE BUDGET FOR 2013 WAS WRITTEN LIKE I SAID LAST TIME ON THE CC :
SAMPLE : ( 119000000000)X THOUSAND DINAR
OK FAMILY I WILL TAKE YOUR Q FOR THE NEXT HOUR :
NurseDot: Delta...so when WILL they get paid...on Sunday or Monday?
Delta: SOMETIMES NEXT WEEK ....BUT REMEMBER THIS IS IRAQ DELTA
Read More Link on Right
InnerHarmoney: Thank you Delta. Based on the fact that today is another unscheduled holiday, when do you expect them to pay the people.
Thank you InnerHarmony
Delta: IMO THEY HAVE TO RV FIRST DELTA
photoman57: did you get your card loaded today
Delta: NO NOT YET! DELTA
rbthomas78 Delta, Thank you for coming and taking questions. Please bear with me, I might be slow tonight. So, the way the amounts were written, what does that mean? They are still hiding the rate from us? How long do you expect them to continue to hold the rate?
Thank you for your help, rbthomas78
Delta: OK LET ME EXPLAIN IT TO YOU : SO THE NUMBER NOW IS (119000000000)X THOUSAND DINAR.
SINCE NO ONE KNOWS THE RATE.
I WILL GIVE YOU AN EXAMPLE IF IRAQ WANTS TO RV 1-1 THE ONLY THING THEY NEED TO DO IS TO TAKE OFF THE THOUSAND DINAR NEXT TO THE NUMBER THEN LIKE FRANKIE SAYS TA ...DA.
FOR YOUR SECOND Q: IMO THIS MONTH THEY HAVE TO DO IT DELTA
tyleredwards436:so delta I remember you saying if they open the budget and pay the Iraq's they would not revalue because there would be to much money on the streets what do you think is our next step if they open the budget today and do you think this is going out till june or july
Delta: THE BUDGET IS NOT OPEN YET. I DON'T SEE IT GOING PAST APRIL
max : Ok Delta - So the budget printing in the Gazette means what now?
Delta: THE VALUE HAS TO INCREASE I DON'T KNOW HOW MUCH, BUT I KNOW THAT IRAQI GOV SPEND ABOUT 7 TRI DINAR A MONTH JUST FOR SALARY, ALSO WE KNOW THAT THERE IS NOT MUCH IQD IN THE BANKS CUZ CBI GOT MOST OF THEM . DELTA
Bill A :Delta, Will the CBI update for Thur 4/11, or not, because of the holiday????
Delta: DON'T THINK SO , BUT CBI MIGHT SURPRISE US DELTA
justonanddeb :DeltaWhat are you and Frank looking for tonight?
Delta : WE ARE LOOKING FOR LDS : DELTA
scottydonar:Delta when do you expect them to plug a actual rate into the budget? are there any contracts that you see using the rate to get paid since they activated the budget? do you see any projects getting a green light since the budget is out?
Delta: SO FAR NO ONE IS GETTING PAID. SOMETHING IS GOING ON DELTA
RedBull64_again: before folks can get paid on their Smart Cards and you're saying Smart Card payments probably won't happen until next week. Am I getting all that correct?However, if Maliki and his goons are successful in the elections on Saturday, do you see that impacting a near-term RV and opening of the budget?
(p.s. Thanks to you and Frank for everything you do. We simply couldn't ask for better Iraqi intelligence.)
Delta: MOST PEOPLE IN IRAQ WILL VOTE ON THE 20TH. ON SAT IS ONLY FOR OFFICERS POLICE.... ETC
Innerharmony::Delta,Sorry lots of questions. Do you think the CBI quarterly audit is playing a role in this at all?I know that it must be completed and reported no later than the 18th.....
Be Blessed InnerHarmony
Delta: AUDIT IS DONE WAITING FOR THE RIGHT TIME DELTA
pastorpatch: Delta, in your professional opinion, is the 15th still the day you believe the new rate, whatever it is will go into effect? Thank you!
Delta: I'M NOT SURE ABOUT THE 15TH BUT I KNOW IMO THIS IS THE MONTH DELTA
Bravesfan::Delta - what about that article about the cbi &I something on the 15th?? Sorry I don't remember specifics but its been here on the forum a couple times lately
Delta: THE START OF THE NEW INSTRUCTIONS FOR BANKS TO SELL HARD CURRENCY DELTA
OK FAMILY I HAVE TO GO NOW I HAD A GREAT TIME LOVE YOU ALL DELTA
innerharmony » April 11th, 2013, 3:25 am
I am going to try and give a general outline of some of the things happening in the next week or so as well as some of the items we are looking for. Hopefully this will be helpful. Please remember that this is IMO only.
Yesterday- April 10th- budget posted
Today- April 11th - Budget is effective except that it is a holiday and therefore will not be open until Sat/ Sun (April 13/14)
the next business day. By doing this they can effectively mask the rate until the 14th possibly going into the 15th.
Which brings us to the other item for today. The UN operational rates. They are posted today to be effective on the 15th.
However, they are not necessarily updated prior to the event. So will they or won't they? We don't know.
Sat the 13th- early elections for the military and police. But they haven't been paid because the budget has not been opened.
How will that affect things? Interesting to watch and see.
Sun the 14th- First business day after the budget being effective. So the budget is now open. Will they raise the rate? A day to watch. If they don't will they do it on Mon the 15th? Once again we don't know.
So what do we start watching for ? LDs, people being paid, contracts being signed and paid. This will all give necessary information that the teams are looking for.
Will it happen this weekend into Mon? No one knows. But the odds are favorable when you factor in that Pharmaceutical Contract that was postponed into next week, so that they could use dinars to pay it, the fact that they need to pay their people, and most importantly general elections on the 20th.....
Anyway these are just some of my recollections of what is occurring and why. Please check your own notes to verify and correct if necessary. I hope that by putting this into written form it may clarify things for you. We are close.
Be Blessed InnerHarmony
innerharmony » April 11th, 2013, 6:24 am
I noticed that people were asking about the DFI funds. Let me see if I can help a little with that as well.
Once again this is just my opinion....
We need to go back to Feb 23rd and the expiration of the Standby Agreement.
When this expired this triggered something that everyone is forgetting about.
The payments of their debts must be started within 90 days, and in their own currency.
For that to happen they must be international.
When does the 90 days expire? By design May 22.......
If they do not become international and start repaying their debts on May 23rd all assets and funds held in other countries
become eligible for lawsuits and seizure. So while CH VII is the reward, the DFI Funds protection is the big stick....
Will they renew the protections? IMO only if they do what they are supposed to......
This is just my interpretation of things, please do your homework to see if you agree.....
Be Blessed InnerHarmony
KTFA Jimny: You make an excellent point !
Based on what I've read so far, it seems like the "Intent" is there for Iraq to follow through on the rate change but the Iraqi Government did a very poor job in communicating that fact to their people. Saying "Trust Me" is really asking a lot in that part of the world.
As for the lower denominations, can they really be used without "official" notification of a rate change? I'm thinking that we may not see those until Sunday at the earliest if at all.
Also, if Iraq back tracks at the last minute and doesn't go ahead with the rate change, I wonder how Mr. Kerry will handle that one? Like Yogi Berra used to say, "It ain't over t'ill it's over".