"that the measures being taken to the Central Bank of by Shafez government on the value of the dinar and perhaps raised during the coming period, which will impact positively on the overall activity of the national economy"
CARRELLO: They really make it sound like they rushed in and saved the bank, reserves, and the revaluation. Yeah, okay. Whatever.
KAPPERONI: I want to keep a positive attitude that "coming period" is within a few months. Remember there is a facilitator that is ready to go after making a deal in September. I don't expect they like just sitting and waiting either. Not to mention, there is some money involved in setting up the trading room.
NUGGET: I would imagine it is not a rehash because of two things... One in paragraph three Amir discusses the change of Management within the CBI and whatever else they accused the CBI of... and second the 2013 Budget has been read once and is being worked out so the article below discusses a change of currency at the begining of the year from Hassan Salman a member of the Finance Committee...
Baghdad (news) .. Exclude a member of the Finance Committee MP / coalition in Iraq / Hassan Salman al-Bayati, retrieval budget year (2013) to the government under the pretext of freedom from the final accounts of the past years, likely approval prior to the date (31/12/2012).
Bayati said (of the Agency news) on Tuesday: The House of Representatives completely during its next to discuss the budget was postponed Read all legal projects to be discussed during these days in order to vote on the budget in (2013) early in order to be practical exchange money at the beginning of the year next.
Read More Link On Right
FRANK: Can someone tell me how long is this ( coming period) is it this year or what? and what reforms are the Feds carrying out?
TLAR: Frank, Coming period, soon, and in the next few days are all terms the Iraqi newspapers give when none of them have a clue as to when it is going to be. A prime example is "the Security Minsters will be picked in the coming days". How many times have we heard this? "The HCL will be will be passsed in the coming period" or my personal favorite by Talibini, ""the national conference will be held soon".
PEPPERRUB: The best reason for this to RV before 1/1/2013 is the dividend rate. Washington politics will probably let the dividend rate go from 15% to a minimum of 20% up to a maximum of 40%, if not a sliding scale. And then add in the 3.8% from healthcare reform commencing 1/1/2013 on cap. gains!
TOBYBOY: I believe coming period is referring to quarter next quarter is Jan-Feb -March whereas this period is Oct-Nov-Dec
breezin : This may be just an announcement of stabilizing the current street rate to the current CBI rate. Not to be a wet blanket .... but until we see Maliki change to a strong dinar policy I don't think we can conclude the float is near. JMHO
NUGGET: I agree 100% breezin, it could just be that which you have stated... all is out on the table now. One thing that seems pretty clear is that new management is moving into the CBI to finish what has been started and should have been completed... And we do know from news articles that the new management is now in position and is capable to completing what Shabibi has sat on since Nov of 09... Three years folks... Just sayin! Blessings
Scalp: coming period sits nice with the start of a new year..as in 1/1/13 <=== that date looks mighty strong right now, heres hoping :) or before, even better...I just think the new currency has to come out at the start of a new year like shabbers said so am feeling good to see this in the next 8 weeks or less, hope they don't disappoint us again
A lot points to early 2013 being our time and of course tons of articles from cbi since 2010 saying early 2013 help me feel confident that this might actually be it.....we just didn't want to believe that date back then, I will take it with both hands now, yup I will :)
I think shabbygate is all about M taking the credit for saving Iraq and therefore securing another term as PM...heres hoping they pass that term law, thhats a slap in the face I want to see
****** ARTICLE BEING REFERENCED BELOW & LINK
Member of the economy likely to improve the value of the dinar against the dollar after the ongoing reforms to the work of the Central Bank
Date: 15/11/2012 05:45:19 Thursday
Baghdad (news) .. Expect a member of the Committee on the economy and investment MP / National Alliance / Amer winner, the high exchange rate of the dinar against foreign currencies during the coming period after the important reforms carried out by the federal government central bank action.
The winner (of the Agency news): The administrative reforms taking place in the Central Bank will help to stabilize the value of the Iraqi dinar and maintain the balance of hard currency sovereign existing cash reserve at the central bank.
He added: change management central bank was required since the period because it failed its policy aimed to stabilize the Iraqi dinar exchange rate against the U.S. dollar and the impact occurred money laundering drain of hard currency, stressing if continued central bank to its policy cash prior to Turn dinar downward either hard currency, thus affecting on the economic activity of the country.
And stated: that the measures being taken to the Central Bank of by Shafez government on the value of the dinar and perhaps raised during the coming period, which will impact positively on the overall activity of the national economy. / End / 8 /