Delta: Council of Ministers decisions in Session 54 in 31/12/2013
Council of Ministers held its Fifty -fourth regular session in Baghdad Tuesday, December 31, 2013 under the chairmanship of Prime Minister Nuri al-Maliki , issuing the following decisions :
chacha wrote on January 3rd, 2014, 1:08 am: DELTA WOULD IT BE SAFE TO SAY IF THEY JUST ONLY DID ONE THING ON THE LIST THEY WOULD HAVE TO HAVE A RATE
Delta: YES.. BIG MISTAKE IF THEY DON'T CHANGE THE RATE , I WAS JUST WATCHING ON IRAQIA TV PEOPLE ARE UPSET ALREADY AT THE PORT OF BASRA, AND IT WAS THE FIRST DAY , SO IF THEY DON'T CHANGE THE RATE AND GIVE IRAQI POWER OF PURCHASE!!! IT WILL BE A BIG PROBLEM ON THE WAY. DELTA
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Tidbits from Eagle1: Jan. 2nd KTFA CC
Eagle1 said his friend at the WTO on the US Trade Delegation said that Iraq was inducted into the WTO on Sunday but nothing will be released “publically” until the currency reset goes live “shortly”.
Eagle1 and sources all agree that from what the CBI, BIS, WTO, IMF, GOI are saying it is very possible to see the new rate on Saturday/Sunday.
Eagle1 reminded everybody about the Chap.7 agreement Shabibi signed to “Reinstate” the IQD…He feels it’s a Reinstatement and not a Revalue, But, a deal may have been made with Kuwait to come out at $4.25 and Kuwait will RV the KWD to be a little higher.
Eagle1’s source expects the IQD to come out within a few cents of Kuwaits KWD. Its his sources Opinion,
Eagle1 states these are calculations based on the information in articles as well.
Thoughts from Nova: Jan.2nd KTFA CC:
Nova said he would be very concerned and it would have been a “bad day today” if we have seen the tariff law implemented and the CBI holding an auction. However that did NOT happen, which means that something really did “happen”!
The Tariff law went into effect today and the CBI did NOT hold an auction—The CBI did not transact any business today which means that’s something is changing, something is happening. The Iraqi financial system was shut down and not transacting any business…Its Nova’s opinion that the days are numbered how long they can continue to hide the rate.
Nova’s opinion is that with the Tariff law enacted, the goods in Iraq must be repriced for the tariff. If the rate is not revealed…it all becomes “Undone”
The fact that the CBI did not transact business today and the ISX is closed is very telling. It is what we want to see.
In Nova’s opinion the ISX must be down when the rate is changed because the valuation of the companies is in USD…trading takes place in IQD but the capital and valuation is in USD.
When the new rate comes out….the stocks, capital and corporate valuations must be reset to IQD for the new rate.
In Nova’s opinion he does not believe the tariff can be enacted at 1166. That Iraq cannot charge a tax on a unrecognized currency (IQD) or charge a tax with a foreign currency (USD)…this is all very telling what they are doing and exactly what we want to see.
Nova observed that they must have a tariff law in place to become a member of the WTO. A possible scenario is that the tariff law was enacted on Jan 2nd…but the financial structure was not open.
The books for 2014 have not been opened yet, but with the tarrif law in place wihin a couple of days the financial system will be turned back on with a new rate, and they will show the world they have no more sanctions. This is speculation based on the articles and what the CBI GOE and WTO are saying and doing.
In Nova’s opinion even though we did not see the new rate today we should be throwing a party because the GOI did exactly what they said they would do…they implemented the tariff law.
They must tell the world what the new rate is or they cannot sell product to the world, or have trade ect….Nova feels it’s very exciting.
Nova believes The CBI must show the new rate when they reopen. So many things hinge upon it and everything is pointing to it being released.