Post From Intel4U By Bailey2
[TD]..... The only CERTAINTY with Iraq is that there is no such thing. Information just received this morning indicates the the fighting with insurgents is more widespread & vicious than being reported by the media.
The world is watching how the Maliki administration will handle (or not) this severe test. They are on their own.
While you can argue effectively that "Stability" is also an oxymoron statement for motivation to proceed with many programs, this is a saga they must deal with before all else.
However, will be the year that Iraq will enter the International arena in finance, banking, investments, etc. They are making baby steps toward most of those goals. M [Maliki] still would like to do currency reform before the elections.
The quicker he regains some sense of internal security, the quicker he can proceed with financial agenda items. I will caution you however on two key points : A) movement in rates will be modest & gradual, Iraq cannot afford the huge risk of shock & awe. B) No one will be able to give a definite date or rate until it suddenly occurs.
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Posts From Dinar Detectives
Goldencityga: My friend has Chinese historical bonds that he placed with a trade platform. He received an email today stating the IMF left New York this morning headed to Hong Kong.
The IMF stated on their 12/3/2013 visit to Hong Kong that they would return the week of 1/6/2014 to release the historical bond funds and announce the Dinar RV. Here's praying that all continues on the positive path and we see results.
Stryker: Question from a member with my responses:
Early, early this am, I was listening to your blog and then heard a bombshell from you. ONLY the 'luxury' goods tariff went into effect on Jan 2, 2014 and the Iraqi gov't.
That, if I remember you accurately would only affect the 'wealthy' since they are the only ones buying luxury goods. However, you then added another piece that it might not be until June 2015 until ALL goods, non-luxury included, would be affected.
If there are no tariffs on the average people, then as they have done for the past 10 or even 30 years under Saddam, they can keep the currency worthless, since the poor are still the poor and even if the GOI 'claims' that they want the Iraqi dinar to be the equal of the American $$ or the Kuwaiti dinar, nothing changes...that is, there is NO inflation, without the tariffs in place. But, once the tariffs hit, inflation if there is no RV of the dinar.
My question then is this. Will the GOI/Parliament/CBI do an RV before they are forced to, in 2015 in order to allow the people to be able to 'get ready' for these changes or will they do nothing? Thanks. Dr. Tom
The reason they have started to implement the tariffs in stages is to give them time to get everything done so they can RV the currency. I don't think it will take until 2015 (the tariff law deadline) to implement what we/they need before they can and will RV (IMO) but as you can see they needed time.
Good news is that there is a timetable that has started by the Luxury taxes application on Jan. 2.
Will the GOI/Parliament/CBI do an RV before they are forced to, in 2015?
I believe they will but that depends on the security issues and if they can overcome these new ql-Qaeda crisis and as soon as they do and no other issues pop up I believe we will see the RV.
Will they do nothing?
They can't do nothing, time is running out and they know this. This is why we see Maliki and the other leaders trying to get things moving in the right direction. This is why (with the help of US weapons and Intelligence) on Dec. 22, 2013 they tried to control the terrorist activity along the Syria borders (security), did it work?
Yes and No, it may of not worked the way they wanted it to but it did bring the terrorist to the surface and NOW if Iraq can stand on their own they will come out much stronger in the eyes of the world and in the Middle East.
We can only stand by and pray for the best outcome at this point.
The facts are where I base my opinions from, for what they’re worth!
Thanks for the questions. Stryker Blog