STATUS OF THE RV
Now let’s get to work with today’s information about the RV.
No, the RV is not going to happen tomorrow, this week or even next week. This is NOT an everyday/ any day imminent event. Get it? How long have they (the intel gurus) been telling you this? What is their definition of “imminent”?
These are all unsubstantiated rumors based on gross over-speculation and incompetence by idiots who don’t really know what is going on in Iraq and how it effects our investment in the dinar. They hear something from somebody, it sounds plausible and then they spread the rumor over and over again. That is all they are doing. It is not FACTUAL. Sure, one day they will be correct but by then you won’t need them anyhow as the real news will be all over the internet anyhow. Get it? Folks, this is not a daily “guessing game”. All the information anyone needs is all in the news from Iraq. All you have to do it follow it and all you need is even half a brain to see how close they are to the RV, but just not yet.
In this period of news again we read yet more about one of the Pillars of Financial Reform, namely the Stock Market this time. There is a really informative article by the Iraqi securities commission explaining the work still to be done to accomplish the reforms necessary in this area of reforms. You can read it in the articles section as titled “SECURITIES COMMISSION: A STRATEGY TO TRANSFORM IRAQ INTO A REGIONAL INVESTMENT CENTER”.
Remember this picture by the Finance Committee?
As part of its financial reform efforts, Iraq’s Cabinet has approved the allocation of 4 billion dinars [$3 million] to the Iraqi Securities Commission for the modernization and maintenance of electronic systems used for stock and bond trading. The project, exempted from standard government contract procedures, will be executed in partnership with the U.S. company Nasdaq OMX.
If you remember in a recent Newsletter, I posted news from the Iraqi Securities Commission on the necessary changes and reforms.
Yes, these reforms are to progress the Iraqi Stock Market to a high level of stability. Opps… I said it again. Did I just use the term “stability”?
So, today we read that Iraq announces the launching of a new website of the Commission, indicating that “this event represents a milestone in the path of developing the investment infrastructure in Iraq.” We as investors can see that these reforms have come a long way in the Securities Commission to transform this vision of an Iraqi Stock Market into a tangible reality that serves all investors within the framework of the government’s plans and under the auspices of Prime Minister Mohammed Shia Al-Sudani.
They also tell us that this effort is working to transform the Iraq Stock Exchange (ISX) into an integrated electronic system that provides all citizens and investors with greater opportunities to participate in investment in a safe manner. The key word here is “safe” as they told us in their past news that corruption also plagued the ISX and a major contributor keeping many potential investors away form it.
As investors in the IQD, we can now clearly see that this must be addressed too prior to any reinstatement of the dinar on the currency exchanges.
Do you see it too? So, we must keep an eye out on these Pillars of Financial Reform as they will guide us to the RV. I have said this many times already and so I will continue this journey with you. I have also had confirmation from my CBI contact that I am seeing these reforms within the correct light and should continue. I was also told that these reforms in the ISX are not going to drag out and the plan is to accomplish them in the next few months, prior to the end of the year. Opps… there is another end of year benchmark.
I also want to reinforce to everyone that many of these intel gurus still believe that the fiscal year for Iraq begins on Oct 1st. This is incorrect and they have told us many times already that for Iraq it begins on Jan 1st. It is funny and sad how I listen to their intel calls and they base information on deadlines for RV for the fiscal year ending Oct 1st and not Jan 1st. So right them I say they are lying and I just proved it again.
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