NEWS, RUMORS & ARTICLES
7-30-15 tlm724: Quote: "General Administration of Customs confirmed its readiness to implement the pricing tariff law on imports through border ports of the country, to be implemented from next Saturday..."
So there we have it right from the General Administration of Customs that the tariffs will begin on August 1st in full force. The question remains will they tax the people at 1166 dinars per dollar or will they increase the purchasing power of the dinar to offset the burden on the poor?
There is much riding on their decisions going forward. ...the US Treasury is there, the IMF is there and the UN and World Bank...big meetings going on as we speak with the US Treasury etc. I am really excited! Comment
7-30-15 Iraqi News: Iraqi warplanes kill 13 ISIS elements, destroy ISIS headquarters in Ratba western Anbar.
On Wednesday, War Media Cell announced, that 13 ISIS militants have been killed in an operation to destroy the headquarters of the so-called “Diwan al-Hesba” and the headquarters of the organization in al-Ratba in western Anbar.
The War Media Cell belonging to the Joint Operations Command said in a statement obtained by IraqiNews, “The heroes of the Iraqi Air Force, based on accurate intelligence, were able to destroy the so-called Diwan al-Hesba and the headquarters of the ISIS leaders in the area of al-Ratba,” adding that, “The bombing resulted in killing 13 terrorists, including senior ISIS leaders.” Article Link - Comment
7-30-15 Mountainman: Article: "Iraqi Government Declares 4-Day Holiday Over Severe Heatwave" Quote: "Iraq's Council of Ministers has declared a four-day mandatory holiday beginning Thursday as temperatures are set to soar above 50 degrees Celsius (123 degrees Fahrenheit)." You see The MONETARY REFORM is sooo HOT.....They have to move that Rate for Liquidities sake!!! Lol. Comment
Iko Ward: Full report. Forex Dinar is flat at 1132.4 and polling at 0.00. Rest of the basket little activity. World Stock Markets are mixed. ISX took another 1.5% hit and ks down to 903 from a high of 990 two weeks ago. Gold lost 10.00 last night. Oil still close to 54.00
Iko Ward: It's all about pushing the button now. Then the fun really begins both for us and the markets.
JimBake: Fyi...forex closes Friday approx. 5 pm edt...:)
Angel8: yesterdayTony said: It’s my understanding that the RV has to happen for the bonds to be paid out. The bonds will happen a day or two after the RV, because they need the RV, not the other way round.
Cody661: -bonds are no good without the RV!
Dusty: Did everyone hear that Maliki ( stepped Down ) :)) This morning!!
Iko Ward: Ding dong the witch is dead!
JimBake: Watch for the blue moon friday...it might have some green in it this time! :)
blackjack7: SUPER STOKED!!!! my wm contacted me and said he was waiting to get the all clear to bring me in to exchange
7-30-15 PilotJim: Good morning TNT - had dinner last night with my co-pilots father and mother. I knew nothing about his family until last night. As we were chit chatting my Co-pilots father indicated he was a call center supervisor for a large wealth managing firm (ML/BoA) I asked him a simple question.
Do you know anything of the GCR or currency that will be RV anytime soon. He indicated that they are expecting a major currency event in the next few days. And I also asked what currencies that he is aware of and he said that the IQD is the pivotal currency. I did not lead him by mentioning any currency.
He also indicated that all of the wealth manager groups are VERY CONCERNED that of the amount of wealthy that will be generated in a very short period of time. He also indicated that his office will be used as an exchange center.
So there you have it. That is all I have to share. Oh....I also asked about rates. He did not know. Comment
7-30-15 Adam Montana: [Tell me your opinion on the dynamics of this administrations deal with Iran...Can this dynamics change delay or torpedo the RV along the CBI's previously stated targets for revalued currency?] The deal with Iran is definitely going to have an impact...In my estimation, this should push Baghdad to move quicker, which would also push the need to revise the value of the currency. Comment
7-30-15 Notthe1: ME THINKS ... IF THE TAX/TARIFF LAW GOES INTO EFFECT ON SAT. THINGS ARE GOING TO GET MIGHTY HOT. Comment
1. The dinar's value is supported by the existence of Iraq's Borders because without it ...... The dinar can remain at 1166 ....... And will.
2. It does not directly change it for it cannot but the T and T's (Taxes and Tariffs) will protect the dinar and her new value when DRS decides to lift the three zeros.
3. Because the country and IMF demand it.
4. Now You know Friend.
5. Come to MONDAY'S CC ........... DELTA has a BIG REPORT on the BONDS.
7-30-15 sczin11: BASED ON WHAT I HAVE SEEN TODAY, WITH ONE WORK DAY BEFORE THE 1ST, THAT BEING TOMORROW [THURSDAY], I WILL GO OUT ON A LIMB AND PREDICT THE CUSTOMS & TARIFFS ... WILL BE IMPLEMENTED AS PLANNED...SATURDAY AUGUST 1, 2015.
[If that is the case, will they HAVE to HAVE an RV by then?] WILL PRIME MINISTER ABADI, ALLOW THE PEOPLE OF IRAQ TO SUFFER FURTHER? CERTAINLY WAS NOT PART OF HIS PLATFORM...ECONOMIC REFORM CAN NOT EXIST WITHOUT MONETARY REFORM... CAN PM ABADI ALLOW THE COSTS OF GOODS TO INCREASE, AS OPPOSED TO DECREASE?
I AM NOT AN ECONOMICS MASTER, BUT I BELIEVE THIS IS MORE A MATHEMATICAL EQUATION, AND GOOD FINANCIAL ADVISING...THE MATHEMATICS IS HOW WOULD THERE BE ENOUGH DINAR IN CIRCULATION, WITHOUT RUNNING THE PRINTING PRESSES 24/7, TO COVER TAXES AT THE CURRENT EXCHANGE RATE?
THE FINANCIAL SIDE OF THE EQUATION, IS THAT THE COSTS OF GOODS WILL BE GOING UP, THUS LOWERING THE PER CAPITA LEVEL OF LIVING AND PUSHING THE AVERAGE IRAQI IN A SITUATION LOWER THEN TODAY, IF THAT IS EVEN REMOTELY POSSIBLE. THIS IS A CRITICAL TIME FOLKS. Comment
7-30-15 tman23: [If the World Bank has imposed a 60-day deadline on Iraq, do any of you seeing Iraq trying at all to comply with what they want? Have they approached compliance at all? Are they even talking about it?] The FED COURT ACT... Unless they get this done, all other laws are in question...It appears that they are ready to vote by majority even if the Kurds boycott the vote... They are in dire straits and by the words of the World Bank, time is of the essence...a deadline was placed. BGG Blog
7-29-15 Adam Montana: [How's that good ol' HCL looking like from your point of view after these Ramadan days?] It can't be far off now! Comment
7-29-15 Millionday: Welcome to dinarupdates.com for Roundtable with Millionday!!
Millionday: WELCOME TO ROUND TABLE EVERYONE
Millionday: Hussein al-Tamimi Tgb sparked the third Economic Forum of the Center for Investment Development and Reconstruction Moadig very important focused on the reality of domestic production and the industrial sector in general.
This detailed important and vital in supporting government policies towards research opportunities to diversify its sources income outside the oil revenues of interest to economists and respective personnel.
Millionday: NOTE -- THIS IS A HUGE CONFERENCE FOR PREPARATION IN IRAQ FOR ITS DIVERSITY IN THE GLOBAL MARKET AS REQUESTED BY MANY (INCLUDING PLAN AND MANY MORE) INCLUDING THE WTO.
Millionday: We have diagnosed the seminar through the word head of the center Ibrahim Baghdadi elements of weakness that led to the decline in the industrial sector and research the possibility of promotion through fruitful and constructive cooperation between the public representative state and the private sector of businessmen and owners of laboratories and companies sector.
For his part, counting the Minister of Industry and Minerals Mohammed Darraji this seminar important step and positive, which would make him groping for near and through hearing the owners regard Barzan challenges to work on overcoming them.
Millionday: NOTE -- THEY ARE SEPARATING THE NON-PRODUCTIVE FROM SUCCESSFUL
Millionday: He said the ministry orientation will be toward encouraging the private sector to work on industry and investment activate it through partnerships and mixed sector
First, except for some industries that see that the survival of the state, should be especially military industries such as ammunition industry as well as industries related to food security either staying industries it must rise by the private sector.
Millionday: He stressed the importance to cooperate in finding a mechanism to attract business and industry sophisticated men to the local yard work, pointing that the next phase need for concerted efforts and cohesion of ideas between the government apparatus and the private sector, indicating that the face of any obstacles to the completion of the goals of cooperation and activation of industrial production.
He Darraji to the existence of significant challenges frustrate any attempt to build a strong economy in Iraq and in the case of this conviction on the part of everyone will know how to work with some, that there is a real factory of the private sector,
Millionday: NOTE -- THE IDEAS AND PLANS FOR INDUSTRIAL ACTIVATION FOR THE NEW IRAQ WOULD BE THE ENTIRE FOCUS IT SEEMS FOR ALL ACTIVE PARTIES THIS COMING PHASE
Millionday: THIS GETS VERY INTERESTING
Millionday: NOTE -- WORK IS BEING TAKEN SERIOUSLY ON THE TARIFF AND CUSTOMS AS WELL FOR THE NEXT MOVE --- WHOOPOW
Millionday: NOTE -- THIS IS ADDRESSING THE MERGING FOR SUCCESS PLAN IN BUSINESS
Millionday: On the subject of partnerships, where you must open the door to run the public sector through the private sector, he said: We in the Ministry of Industry we can not create new production lines as that Our infrastructure level below average need to qualify, while ensuring product marketing name of the state and some said there was a lot of partnerships are currently in the Ministry of Industry and I'm here I want to make it clear that anyone who does not have experience in the industry field it operates will not be a partner to the Ministry of Industry , and will be competition between the two parties symmetrical.
Millionday: NOTE -- IN OTHER WORDS -- THEY NEED TO NOT TRY NEW THINGS AND MAKE GREAT USE OF THEIR SKILLS SO PRODUCTION/SUCCESS IS AS GOOD AS IT CAN BE --- HUGE
Millionday: On the subject of the Industrial Bank Darraji he said: I think there is a kind of necessary loans at this stage but critically loans will not be given even more credit opened by Industrial Bank through the Trade Bank of Iraq to import the productivity of plants and clear-cut lines according to feasibility studies fundamentalist in order to ensure that the money will go to the correct places in order to prevent exploitation and that the loans will be used in industrial development.
Darraji said, the investor must or who are interested in a partnership with the Ministry of Industry to help on the subject of local manpower, and absorbed by, but not to the extent that lose investor where you must work according to the equation that both parties be winners.
Millionday: The Chairman of the Investment Development and Reconstruction Center Iraqi Ibrahim al-Baghdadi said: The trend that is visible today from the state and the government is with the private sector support and encouragement, but there are some attempts to thwart this trend, pointing to a point important to note is the definition of your money or individual money that is part of the public money, which must be maintained both as two sides of the same coin, and that there are four key pieces of legislation did not do the most important customs tariff law and the Consumer Protection Act and the law of the national product protection as well as anti-dumping law , noting that it Imad industry calendar in Iraq.
Millionday: NOTE -- THE ACTIVATION OF INDUSTRY IS COMPLETE EXCEPT FOR THE ACTIVATION OF FOUR LAWS ----CUSTOMS TARIFF LAW -- CONSUMER PROTECTION ACT---THE LAW OF NATIONAL PRODUCT PROTECTION AND ANTI-DUMPING -- THESE LAWS WILL NEED ACTIVATED AS THEY ARE Called for ON THE Calendar
Millionday: READ EVERY WORD
Millionday: He said Associate Director of the Office of the Prime Minister Dr. Nawfal Al-Hassan fact that the confusion in the identity of the Iraqi economy during the last period between talking about the free economy and the practice of totalitarian economy, and that this imbalance in the structure of the economy Tdarkih current government through the allocation of part of our government program for the diagnosis of this disorder.
and then Dr. Hamid Anbari occur Turning to the need to establish a new plant produces materials that we prepare important and sovereign as a laboratory caustic soda is important to the production of which is the chlorine used in the disinfection of drinking water and the product of a substance salt in Samawa and lab It will begin production of 15 card fifteen thousand tons and that Iraq needs between 25-23 thousand tons.
Millionday: SO AS WE SEE -- THEY ARE IDENTIFYING AND WORKING EACH
clay: anything on the laws the WB gave them 60 days to do
Millionday: I AM SEARCHING -- WAS TRYING TO COMPARE TONAGE WITH NO LUCK -- BUT WILL BE RIGHT BACK
Millionday: MORE ON SMART CARDS
Millionday: We talked in a previous column about the importance of the banking behavior in the reputation and performance of the banking sector, and we mentioned that there Hawwat diagnosed deviation it and promised real examples when we say "to talk connection."
In a review of one of the private banks to receive monthly salary across the smart card (Ki-Card).
Millionday: NOTE -- MORE TEST RUNS IN AN ACTUAL BANK TRANSACTION (S)
Millionday: After Network Initiative Media adopting this mechanism, and when the competent employee insert the card in your device did not appear, referring to interruption of the net for the heat of the moment I was asked why the employee concerned?
Go and audited after an hour could return signal !!, through this behavior, you can imagine how the waste of time, if assigned himself to re-attempt to possible to show (Allsth).
In another strange story told by my colleague for doing to go to one government banks this time to deposit the amount of La Paz and saved it in savings accounts Vajotha one of the employees request them to submit a written pledge not to claim all the benefits of savings, is this how to deal with customers? Eight such conduct should issue instructions unannounced !!
Millionday: NOTE -- OBVIOUSLY NOT A GREAT SYSTEM
Millionday: This behavior did not Aguetsraly civil and government banks only but also extended to the banking companies, where he told me one retired position he had encountered during the review a banking offices to collect his salary pension, his office gave him a salary Baksameen dinar and the dollar in the period The dollar exchange rate which was up what he paid to take advantage of the price difference at the expense of retired pay !! Behavior here need a calendar pause, how can explain such phenomena?
This deal is incompatible with the most basic banking business successful conditions which requires the submission of a simplified services to attract customers and stimulate the banking performance.
In the first story is a waste of time concern the employee athletics entertainment on the computer provided by the banks and you imagine the situation.
Millionday: NOTE -- I FOUND THIS THE MOST IMPORTANT COMMENT OF THE DAY TO SAY THE LEAST>>>>his office gave him a salary Baksameen dinar and the dollar in the period The dollar exchange rate which was up what he paid to take advantage of the price difference at the expense of retired pay !! Behavior here need a calendar pause, how can explain such phenomena?
Millionday: SO IT APPEARS THAT THE FIGURES ARE NOT WHAT WAS EXPECTED AND NOT RELEASED EITHER
Millionday: VERY INTERESTING TO ME
Millionday: At a time when banks sought to attract savings to provide the necessary liquidity to stimulate the performance of banks find such behavior repellent savings without a sense of responsibility and do not think there is instructed not to accept savings accounts only if that bank dispense with his activity and push the bank into zombies from without any services.
The scene is the third it reflects the behavior of some employees in the banking offices and of basely themselves retired salary !!, there is a real need for a review of the banking behavior, and the departments of banks, government was or civil is responsible for the correct path through various means that we have mentioned in the previous column, we will be watching to see.
Millionday: WELL THIS IS GREAT--- THEY ARE WATCHING THE BANKING PROFESSIONALS/EMPLOYEES BEHAVIOUR AS THEY MOVE FORWARD WITH BANKING REFORMS AND ALSO SMART CARDS TO ENHANCE CONFIDENCE -- WOW
Millionday: JUST WHAT I WOULD LIKE TO HEAR -- HUGE PROGRESS AND ECONOMIC REFORMS -- OR THEY WOULD NOT BE DISCUSSING THE NEED OF GREAT RELATIONS ETC
Millionday: THANK YOU RUDIE AND ALL THAT HELPED -- SEE YOU AT NEWSTIME AT 730 WITH A COMPLETELY CLEAN COMPUTER -- YAY YAY HOOP HOOOP HURRAY
7-29-15 My Ladies & Nova:
MY LADIES: ALRIGHT I WANT TO POST SOMETHING FOR EVERYONE TO READ AND I WILL EXPLAIN IT AND NOVA WILL COMMENT.
THIS WILL BE THE LAST TIME I ATTEMPT TO EXPLAIN ANYTHING IN SUCH DETAIL.
I AM DETERMINED TO MAKE SURE EVERYONE UNDERSTANDS THIS BECAUSE I DO WANT ANYONE IN HERE GOING THROUGH LIFE AS A PROFESSOR.
IT IS VERY GOOD TO HAVE KNOWLEDGE OR TO THINK YOU HAVE KNOWLEDGE ON SUBJECTS BUT THE TRICK IS CAN YOU APPLY THAT KNOWLEDGE TO EVERYDAY LIFE.
SEE WE CAN BE AS SMART AS EVER AND HAVE BOOK SMARTS AND PROPER WRITING SKILLS AND GREAT COMPUTATION BUT AT THE END OF THE DAY IF YOU CAN NOT CROSS THE STREET WITH OUT GETTING HIT BY A CAR WHAT GOOD IS IT???
I MADE A COMMITMENT TO BE SURE YOU FOLKS HAVE ENOUGH SKILLS TO TAKE YOU DOWN THE ROAD AFTER THIS EVENT. THIS BOND ISSUE IS A GOOD LESSON IN SECURITIES. IT IS ALSO A GOOD LESSON IN NOT TO ASSUME THINGS.
AFTER THIS LAST ATTEMPT I WILL THROW MY HANDS IN THE AIR AND JUST MOVE ON. SO THIS IS VERY LONG AND I’M PULLING IT APART LINE BY LINE SO BE PATIENT PLEASE.
HERE WE GO FOR THE LAST TIME!
The government is seeking to move the money supply among citizens across the raised credit bonds, to provide a cash deal with a part of the fiscal budget deficit and cash squeeze, according to the Economic Adviser to the Prime Minister, while rated credit globally facilitate his external borrowing academics confirms that the move provides for Iraq. “and sale of bonds."
The Central Bank, earlier this week, his intention bond offering for the benefit of the Ministry of Finance worth two billion dollars, and while noting that the bonds due and payable by the end of 2016, confirmed that it can be used as collateral for loans or facilities require collateral.
He says the appearance of Mohammed in connection with "the world", that "the main objective of putting those bonds is to fill part of the deficit in the public budget for the current year and to provide financial liquidity to curb the financial crisis that the government suffered in time," explaining that "those bonds citizens will be on a fixed exchange rate, and the interest rate is determined by the duration of the bond."
MY LADIES: BONDS WILL BE SOLD AT A FIXED EXCHANGE RATE FOR THE GOI TO INCREASE THE CAPITAL OF THE GOI AND THE INTEREST RATE ON THE BONDS WILL BE DETERMINED BY THE DURATION OF THE BOND. SO WE THROW 6.1% OUT THE WINDOW ALONG WITH THE DISCOUNT.
He said the move aims to "move the money supply to the citizens."
Economic Adviser to the Prime Minister said the next step after bond offering is "a select number of banks to act as mediator between the government and citizens."
For the first time after 2003, Iraq plans to put up bonds of this magnitude.
MY LADIES: Maitham defect, academic and specialist in economic affairs said that "Iraq, after talks with a number of international banks and lending institutions for the purpose of finding financial resources, it is revealed that he would need guarantees, and here will be the Ministry of Finance bought those bonds and the dollar from the central", adding that it "represents the papers to ensure to the outside world in the case of Iraq could not abide by the terms of its loan repayment or any other reform conditions."
MY LADIES: THE CENTRAL BANK IS GUARANTEEING THESE BONDS FOR THE GOI.
He says defect in the comments for "the world", that that process is done through the purchase of Ministry of Finance bonds in local currency to be paid at a later date to the bank, allowing Iraq to sell sovereign government bonds in the global market, compared to the amount of dollars that can contribute to filling part of the deficit budget.
MY LADIES: *BONDS TO BE BOUGHT IN LOCAL CURRENCY AND IRAQ IS SELLING SOVEREIGN BONDS TO THE GLOBAL MARKET.
This procedure enables entry to Iraq "Global Credit Portal, and thus give him credit rated a certain officially."
Known credit rating that estimate conducted by lending institutions to find out the validity or eligibility State wishing to obtain loans, which is the is studying its potential, and the extent of its credit on the loan and financial ability to repay, taking into account records of the state and its disposal in the past for the payment of its debts.
MY LADIES: THIS EXERCISE WILL ESTABLISH CREDIT FOR IRAQ.
He added that "This is not surprising in light of the deterioration of oil revenues and not being able to seriously seek to find other financial resources, as well as the lack of seriousness of processors to the issue of corruption."
MY LADIES: THIS IS THE ONLY WAY TO CAPITALIZE THE GOI SO THEY MAY CONTINUE TO SELL THE ADDITIONAL BONDS ON THEIR OWN WITH OUT THE CBI.
The budget law for 2015, the government authorized the issuance of sovereign government bonds by seven trillion dinars to cover the fiscal deficit.
The central bank announced earlier this week in a statement that it will launch futures delivery currency dollar bearer bonds on behalf of the Ministry of Finance from the second of next August to 31 of the same month, adding that "Asdarih will be four categories (2,500 to 10,000 and 50,000 and 100,000) to US $ and $ total of two billion dollars."
The bank said it "will sell that amount in Iraqi dinars and the price of 1095 dinars per dollar and payable by the Ministry of Finance in December 31 2016, to be paid in dollars at maturity."
MY LADIES: BASICALLY THE GOI HAS 5 BILLION BONDS TO SELL ACCORDING TO THE BUDGET, THEY WILL SELL 2 NOW AND USE THE PROCEEDS TO CAPITALIZE THE GOI THERE BY ALLOWING THEM TO GET A CREDIT RATING AND ALLOWING THE SALE OF THE OTHER 3 BILLION WITH OUT THE NEED FOR CBI BACKING.
SO ENOUGH WITH ASSUMING, AND ENOUGH OF THE TALK OF DISCOUNT AND 6.1% INTEREST, BECAUSE THE INTEREST HAS NOT BEEN DETERMINED YET.
NOW PLEASE APPLY THIS LESSON TO FUTURE ENDEAVORS AND UNDERSTAND THIS IS HOW THE WORLD OF BANKING IN REAL LIFE WORKS, SOMETIMES IT’S WHAT’S NOT ON PAPER THAT MAKES THE MOST SENSE WHY YOU NEED TO APPLY EXPERIENCE. LINK
IQD NOVA: THIS IS REALLY QUITE A POWERFUL MOVE WE ARE SEEING. I REALLY REALLY REALLY COULD TALK FOR HOURS ON THIS BUT I AM NOT TALKING I AM TYPING.
THIS SPEAKS TO ALMOST VERY POINT WE WHERE TRYING TO MAKE. EXPECT ONE!!!
WHY ONLY 2 BILLION?
THEY JUST TOLD US. WE SAID THE GOI WAS BROKE AND THEY DON'T HAVE THE CREDIT TO BORROW MONEY ON THERE OWN.
THERE GOING TO USE THE 2 BILLION TO ENABLE THE GOI TO SELL DEBT ON THERE OWN!!!!! WOW!!!!!!!!
THREE DAYS NOW WE HAVE SEEN 100% PROOF THAT THEY'RE STARTING THEIR ECONOMIC ENGINE!!!!!
AS FOR THE BONDS IF WE WOULD HAVE JUST SAT BACK AND LET THIS COME TO USE WE ALL COULD HAVE SAVED SOME BRAIN CELLS.
WHEN IT COMES TO MONEY DON'T TELL ME WHAT YOU THINK TELL ME WHAT YOU KNOW!!!!!
MY LADIES: OH AMEN AMEN AMEN!!!!!!!!!!!!!!!!!!!!!!!!!!!
MY LADIES: THE OBVIOUS IS NOT ALWAYS WRITTEN!
PrincessDD: Wow Gentlemen start your engines
Farhead: It is good to see Nova sufficiently excited as to type more than a few words....it must be good!!
IQD NOVA: IT IS!!!!!
7-29-15 Adam Montana: Well, here we are ... [Ramadan] is over, and things are starting to pick up again. ISIS is becoming less and less of an "item" in the daily news, which I expected. There is news of progress on the HCL, but no official movement as of today. That really sums up the whole situation. We need some strong HCL news to get really excited, and until that happens we are in a holding pattern. I have eyes, ears, and boots on the ground that are keeping me very up-to-date on the important stuff, and as soon as I get word that we're close I will let you know! Comment
7-29-15 Mnt Goat: Hello Everyone. Earlier in the week I referenced a window approaching for a possible RV opportunity coming close at hand. Well it’s now here and everything is looking fantastic.
If you are at all familiar with what has been transpiring in the news from Iraq over the last couple weeks you should be aware of just how close Iraq must be to having its provisional currency revived and going international once again.
So in today’s news letter I want to point out some interesting facts to you and I will let you be the judge as to where this is all heading.
I recommend everyone to go out to my news letter dated 7/22 and 7/27 if you have a chance and read it first prior to diving into today’s news.
Today is Wednesday July 29th and still no RV.
I will try to make this news letter very short once again and get right to the point of what is happening in Iraq.
I do not want to predict an RV date and I leave it to you to look at the recent news and decide for yourselves.
So let me set the stage for what we are being told is about to happen in Iraq.
First we know that just this week Iraq announced once again they fully intend to implement their tariffs, customs and taxes on every boarder crossing on August 1st 2015. They feel this will make up the short comings in their budget.
Second they have told us that by the revenues generated from the tariffs, customs and sales taxes could amount to over 2 billion dinars by the end of September, if implemented on time.
They feel this revenue will also bridge the shortfalls of the 2015 budget and allow them to open and spend this budget. How can the citizens afford these sales taxes with the current rate of the dinar? Talk about hyperinflation if they do not increase the value of their currency prior to implementing these sales taxes.
Third if you can remember back months ago to an article by the UN which announced that the tariffs were needed for Iraq in order to ascend in the WTO to a full membership status from an observer nation.
In fact just recently the UN has announced that, by implementing the tariffs on August 1st and plugging into the WTO tariff system, they will become a full member in the WTO (World Trade Organization).
Does this last item sound strange to you? How is it strange?
Fourth- Yes I believe it is very strange since I want to ask an important question.
How can a country become a member nation of the WTO and not have an internationally recognized currency when the UN charter specifically addresses this issue in Article 8?
We have read articles telling us that the only two pieces left were implementation of the tariffs and currency reform.
Fifth we have read just recently an article from parliament finance telling the CBI there COULD NOT BE A MORE PERFECT TIME TO ACTIVATE THE PROJECT TO DELETE THE ZEROS than immediately.
The GOI disputed the early 2016 timeframe announced by the CBI earlier this month for the completion of the currency reform.
Can you add 2 + 2? Can you connect the dots and get the pieces to the puzzle?
Can you see what is about to happen?
Peace and Luv To Ya All. Comment
7-29-15 Frank26: WE ARE FOCUSED ON AUGUST THE FIRST TO SEE IF THE TAX AND TARIFF LAWS COME OUT AND TO SEE IF THE BONDS ACTUALLY START SELLING...BOTH IN AND OUT OF IRAQ. WE BELIEVE THE DOMESTIC BONDS WILL BE SEEN AT THE 1095 LEVEL TO ENTICE THE IRAQI CITIZENS TO COME INTO THE BANKS AND TO INTEREST THEM IN PARTICIPATING IN THE SALE OF THE 2 BILLION IN DOMESTIC BONDS.
THIS CHANGE FROM 1166 IS THAT “ATTRACTION” OR ENTICEMENT THAT DR. S [SHABIBI] KNOWS IS NECESSARY AT THIS TIME. ONCE THE DOMESTIC BONDS ARE OUT THEN WE WATCH FOR THE INTERNATIONAL BONDS TO SHOW AND JUST AS THE DOMESTIC BONDS NEEDED TO BE ATTRACTIVE SO DO THE INTERNATIONAL BONDS AND WE LOOK FOR THAT “ATTRACTION” THAT WOULD BE TIED TO THEM. Comment
7-29-15 Poppy3: DO THEY WANT TO GET THE PEOPLE PAID? ANSWER YES AND HAVE STATED SO SEVERAL TIMES. DO THEY NEED THE FUNDING FROM THE LOANS - YES. DO THEY WANT/NEED/EXPECT THE TARIFFS AND TAXES? YES AND HAVE SAID SO SEVERAL TIMES. DO THEY NEED AND HAVE PROMISED THE BUDGET FULLY FUNDED -- YES AND HAVE DEMANDED IT BE DONE AND ALL THESE THINGS TO BE COMPLETED IN THE MONTH OF AUGUST. HMMM NOW I HAVE BUILT MY EXCITEMENT TO A LEVEL THAT I CAN DANCE. BGG Blog
7-29-15 TNT DINAR CC (Notes by Adept1):
Replay 605.562.3179, PIN CODE 409029#
Tony: Good morning, TNT! Today is Wednesday, July 29, 2015. We never, ever, ever thought we’d still be here today. We thought we’d be in Vegas by now!
I’ll get straight to the facts, and we can discuss it a little bit. Everything is done. The Iraqi Parliament yesterday and they passed all the laws we were concerned about: the new investment and banking laws will be announced along with the RV. Tariffs and taxes are effective on Saturday, 1. August. None of that has changed. They will be taxing cars, boats, planes, homes, cell phones… everything. Here is the thing. The Council of Basra are refusing to renew the application for ____________. [Sorry, didn’t catch this point.] They are going to Baghdad and saying they don’t have the money/economy to do this. The GOI will say “you are still doing it and by Saturday you will have the money to do it.” There is one more meeting today and after that they can make the announcement any time. What we got from Iraq is this: “This will be over, Iraq will be international by August 2nd.” That is what he said. I think the plan is for most people to see it (here) by Monday, 3. August.
Pam said that Thursday through Sunday will be a holiday in Iraq due to high temperatures. I’m in Sacramento right now. Today is 107d, tomorrow is 105, and it’s been in triple digits all week. There has been no holiday here! They have been burning up all week, and all summer, for ten years. This is a four-day window and having it as a holiday makes it the perfect storm, with the taxes/tariffs, UN operational rates on Friday, with people getting paid on their cards, etc. Its’ the perfect storm this weekend. Everyone should be excited. People in Iraq are protesting in the street today – they are tired of hearing ‘in a few days’. So the people in Iraq feel they will see it no later than Sunday. So we are in a good spot!
I’ve been asked not to discuss rates today. We have discussed them the last five calls, so we shouldn’t have to discuss them today. I would like to wish Jay a happy 31th birthday. Pam was supposed to give me a list of the mods because I wanted to say thank you to all of you, in case this is our last call. Thank you to everyone who has participated on the calls, in the forum and in the chat room. Thank you for the last five years we have been here together.
352 caller: I’ve been involved in this for about five years. I used to listen to you on PTR. I’ve talked to you three times in the last five years. Last time, you hung on me, and you have 404 on there every all, asking the same frickin’ questions.
Tony: Why did I hang up on you?
Caller: You just hung the phone up and it rubbed me the wrong way because I had a good question to ask.
Tony: I didn’t say anything? I just hung up the phone? If I called your name several times and you were on a speakerphone or there was a delay, then I might have hung up because I had to move on. It was nothing personal.
Caller: Anyway, my brother and I appreciate what you do, I just wanted to bring that to your attention. You talked about when this thing happens, you would put your money into 1%. How much money would you do that, and for how long? I mean, put your money into a 1% account to accumulate some interest while we’re waiting to see how this shakes out.
Tony: I don’t know anything about that, and I’m surely going to get more than 1% interest. If you decide to put it into an interest-bearing account while you work out what to do with it, well, what else are you going to do with your money? Some people aren’t going to touch theirs for six months. That’s what some people are negotiating when they exchange. I would leave it in the bank and collect interest until I decide what my plan is – how much into mutual funds, investments or whatever.
Caller: I would rather have it in CDs or something higher. Vegas, Vegas, Vegas!
707 caller: You’ve never hung up on me! I have lost the call a few times of my own accord. I don’t know what we would do without these talks – we would be in a world of hurt. [Appreciation] I know DC is still contributing. The hardest part to believe is how you guys can keep doing this as volunteers, to give us information and hope and keep us moving. Vegas, Vegas, Vegas!
919 caller: I’m in NY; I have a house in NC, and this is a NC phone. Hopefully I’ll get to see you in NC soon. Today is my birthday, and I’m 66 today! [Appreciation] I would sure love to have an 800 number today – that would be wonderful! It sounds like really good news, with fireworks. Vegas, Vegas, Vegas!
Tony: Tell your husband to enjoy your birthday and extend it through the weekend!
301 caller: I’m super-fantastic! You said that if it goes on Sunday, when will we know?
Tony: I’m hoping we know on Sunday!
Caller: I hope you’ll be up all night reviewing that package so you can tell us what to do.
Tony: The bonds should be released by Sunday, and the taxes/tariffs will be active in Iraq as well. So it should be done for sure by Sunday.
Caller: That’s all I needed, Tony! Vegas, Vegas, Vegas!
860 caller: You did answer my question about how people in Iraq are reacting to promises that have not been fulfilled yet. I know they are suffering immensely. Let’s hope for their sake that this is THE DAY!
404 caller: This is One-Question Wednesday, so that should make more people happy. What is the latest your sources are telling me about what announcements we should be looking for?
Tony: They are saying that there may not be a public announcement for days after this has been released. You can, but it’s probably just going to happen because that is the way they want it. They will be celebrating, and the governments/banks will know, and I have too many resources NOT to know what we already know. Non-believers may not know until days after this has happened.
Caller: [Appreciation] Vegas, Vegas, Vegas!
360 caller: It’s my first time – this is great! Taxes? I know a person who got the West Coast office started 30 years ago; he’s involved as a dinarian, and he says it’s illegal to charge tax on a currency exchange. That’s from someone who was very involved in taxes for over 30 years.
Tony: Can you ask him to look at the tax code? If you do an exchange of over $200 (profit), that is taxable under the tax code now. We just don’t know how they will treat this exchange. He can look it up.
Caller: I’ll ask him and get back to you. Vegas, Vegas, Vegas! I’m originally from Sacramento so I know how hot it can get. At least it’s dry heat.
406 caller: I forgot my question. Have a great day! Vegas, Vegas, Vegas!
410 caller: Oh, hi! Woo! Vegas, Vegas, Vegas! I will tell you, it feels like we just need to giggle about some things. I saw this troll saying that you are getting paid for every time we say Vegas, Vegas, Vegas! So I’m saying it again in hopes you will get a lot of money!
Tony: Wait a minute – that’s a new one! You mean I’m getting paid every time YOU say Vegas, Vegas, Vegas!? Now who does that make sense to? OMG.
Caller: There is nothing to ask today; it looks like it’s right on our doorstep. [Appreciation]
Tony: Send that link to Pam so we can put it in the history books.
Caller: I think it was on Twitter, and I’ve seen it for a few days now. You can search for it.
Tony: That is too funny!
Caller: See you in Vegas, Vegas, Vegas!
636 caller: I’m spectacular, and I know you’re super-fantastic. I didn’t know you were working for the Vegas Chamber of Commerce! I was talking to our daughter-in-law last night, and she asked if I would go to the exchange with her. In the past, you said that nobody could go except maybe an attorney; what do you think about a family member going to help someone with their exchange?
Tony: Rules are made to be broken, and nothing beats a failure but a try. I would go in there and they would have to tell me No.
Caller: It’s so helpful to bounce things off you. It’s been almost four years for us, and I know we would not have maintained our faith if not for you. Vegas, Vegas, Vegas!
941 caller: One thing the tax person was saying… the tax law says that if you go out of the country and come back in, anything over $200 profit is taxable. We didn’t go out of the country and come back in, so if anyone has to pay that tax it’s the people who brought the currency into the country. I said that two years ago, and everyone said I was crazy.
Tony: You might have solved everyone’s problems, but they might delay this for another month to write a new law!
Caller: If the congress people and elite didn’t pay tax, I don’t think they will pass a tax on themselves. People read things into things and cause problems with their interpretation.
Tony: All the time they interpret it the way they want to.
Caller: Have a good day and have fun in Vegas, Vegas, Vegas!
Jerry on Skype: I’m here! I’m fantastic and glad to be back on the call with you. I have one question today. When I first got into this, I went with an investment group and bought my first dinar with this person. Since then I haven’t been able to get in touch with these people. I went to Plan B, and purchased some more dinar for myself. What was supposed to happen is that with the RV I’m supposed to go there, exchange and get my money. I purchased dinar from them, but they never gave it to me physically. I haven’t been able to contact them since. The one thing positive about this is I have a document saying they sold me four million dinar. They don’t answer my phone calls, but I have dinar, zim, rupiah and dong, and I have enough to put together an investigative team… the person didn’t show me ID, but I know from other sources who this person is.
Tony: More than likely, it was illegal for this person to sell you dinar without a license, so they will probably be arrested after this RV. However, you will probably be in a courtroom for ten years. This person will probably end up in prison, and you’ll have an even harder time getting it from prison.
Caller: Yes, I’ve already reconciled myself to that. When I was first told about this, I was so excited and I wanted to get involved immediately. After I had time to reflect, I realized that I had to do this the correct way, buying from dealers who are licensed and legally able to sell this currency. I know the other is a lost cause, and that’s why I worked out a Plan B and Plan C.
Tony: You can lodge your complaint with the FBI even before this comes down.
Caller: Vegas, Vegas, Vegas!
352 caller: Good morning, Tony!
Tony: No, you cannot talk about him.
Caller: Do you think you have the most naive audience on the planet given that it’s always arriving but still hasn’t got here?
Tony: I think we are all hopeful, because the information is very positive.
Caller: Do you think these bonds are the catalyst for this RV going down?
Tony: It’s my understanding that the RV has to happen for the bonds to be paid out. The bonds will happen a day or two after the RV, because they need the RV, not the other way round. Nobody is talking about stopping this; they talked about the times when it could go and should go. Everyone is ecstatic about Parliament and what’s going on there. Yes, they have a predetermined time and day, so we’ll see when that is. I don’t hear anyone talking about how and when it could be stopped. And I will not tell you who I get my information from, because then they would be locked up. Next!
601 caller: Regarding the laws that were passed yesterday, did any of them have to do with counterfeiting? And where is Maliki?
Tony: It said all investment and banking laws, and I thought the counterfeiting laws were passed months ago. That should be already taken care of. My understanding is that Maliki is sitting in Baghdad. I think it will all happen at one time.
562 caller: [Appreciation] Looks like we are at the end… thanks to all those in Baltimore who got me into this. Vegas, Vegas, Vegas!
936 caller: A bunch of us were sitting around talking, and wonder if you can reiterate something for us. With the news for Kurdistan and the cards and their markets, is it possible that it has gone in-country and just hasn’t been announced?
Tony: Yes, in Kurdistan! They did it, but others in Iraq still haven’t seen the new rates. Contractors themselves got paid by Iraq in November, and in the last few weeks some fo their workers got paid and half of his people promptly quit. But we are still here today.
Caller: What about the regular citizens around Baghdad – didn’t they get some money?
Tony: The entire banking system was activated last week to work with the cards. They are using their cards, with different rates on different cards. I don’t know how their system is set up, with different rates (in dollars) yet only dinars being put on each cards. If they got the new rate in Kurdistan, and they changed the prices, then they are still making the same value, but it doesn’t make sense in terms of the rest of the country. The RV is not here until the whole country is on the same rate. Obviously it is going in some parts of Iraq, but every single citizen has not got the rate on their cards. They have cards with money on them, but everyone didn’t get the same rate throughout Iraq. That is what this new system is supposed to have – the same rate, although not the same amount.
Caller: So have they changed up or down?
Tony: The changes have been minimal in the last few weeks. Pamela?
Pam: I’m here! I was at the other end of the house… <laughter> I want to thank everyone, and remind you to take your time. Don’t’ set your hair on fire and run round like crazies, relax and go with what you know. Don’t use people you find online; do your due diligence and BE CAREFUL. You will be gazillionaires and a lot of charming scallywags will want to take advantage of you.
RayRen: Someone has a bigmouth and messed up my arrangement with the Chamber of Commerce in Las Vegas! <laughter> Continue to enjoy When-Will-I-See-This Wednesday. I’ll see some of you in Tennessee.
Tony: It is the real deal. I don’t know if this is our last call or not, but it has good potential to be the last call like this. What I can tell you is that we will be here to help you as long as we can. If they want us to do a final call, we will be there to help ou get the most out of their process. If not, we will talk about it for the next ten days, if we can. If not, we have discussed it a million different ways and rate and places to go to find the rates, time-frames and all the rest. Even if things change, if you take the time to listen and think about it, you will be fine. When I was building and trying to plan, I would go ten steps out. Look at where you want to be, say 100K in ten months, then that means you need to make 10K per month. That means I need to bring in $500 per day for 20days, which means $50 per hour for ten hours per day. Work it back, in steps, and make sure it makes sense to you, and understanding every step. You need to understand every step; it needs to be logical and proven, if possible. You need to know what fits into YOUR plan, not what someone else plans for you. You need to know what you’re getting into and what you want to get out of a negotiation. You need to have your Ten Things all ready, because the moment you see that tweet, life will never be the same. That time could come any time through Friday or through Sunday –t hat’s what they are saying. Let’s hope it happens and nothing gets in the way. The different governments and banking systems are all ready for this today, and I hope this is the last call like this. If necessary, we’ll be here Friday and we’ll do the call. Thanks, everybody! Comment
7-29-15 TNT DINAR CC: Call is on time and great news to talk about. 10pst/1est. – TNT TONY #wearethepeople
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7-29-15 tman23: There are 2 types of news in Iraq... The news we get from press releases and then the news on the streets which is only for Iraqi's... And inside Iraq they are trying to hold it together with more talk...But the reality is, it is about to explode internally if they do not come up with immediate solutions...and those solutions require money... LOTS OF MONEY!!! BGG Blog
7-29-15 Poppy3: Article: "World Bank gives Iraq two months to approve the anti-money laundering law" SEEING THIS FOR REAL IN INK IS A REAL EXCITING NEWS POST. IT ALSO CONFIRMS WHAT WE HAVE SAID FOR A COUPLE MONTHS THAT THEY HAVE (THE WORLD BANKING LEADERSHIP) LIKE US ... HAVE BELIEVED AND THOUGHT THIS SHOULD HAVE ALREADY BEEN COMPLETE. LET'S ALL HOPE THEY ARE CLOSER TO FINALIZING ALL THE NEEDED LAWS, ETC. THAN THEY HAVE MADE PUBLIC ... THIS IS HUGE NEWS AND A CONFIDENCE BUILDER. BGG Blog
7-29-15 MY LADIES (Chat):
Hummingbird: Nova at a 1095 rate what would a usd/iqd pairing look like on forex?
MVL: 0.0009 1.00-0.0009 USD/IQD
IQD NOVA: YOU GOT IT MIKE.
MVL: The key here, to me, is that the IQD will...for the first time in a long time...have a USE.
A use that requires it to be INTERNATIONAL.
That use will spur a DEMAND.
The demand will spur VALUE.
$1.00-0.0009 USD/IQD for the bond sale is just the start...the start we've all been waiting for...to see their currency rise in value because it has a use, and a demand.
MY LADIES: HEY CAN YOU GO TO GREECE FOR A MIN, THEY STILL HAVE NOT RECEIVED THE BAILOUT, ONLY THE BRIDGE LOAN...CAN YOU CHECK IT OUT??? AND I'LL GO TO IRAN AND CHINA
PrincessDD: yes sure will. I checked Iran this morning and nothing.
UK growth accelerates; Greece begins talks with creditors - as it happened http://www.theguardian.com/business/live/2015/jul/28/business-live-uk-gdp-growth-figures-osborne-greece-live
PrincessDD: Greece pushes on with bailout talks as government takes heat over top-secret euro exit plan http://www.startribune.com/greece-rescue-creditors-in-2nd-day-of-talks-on-new-lifeline/318756971/
Greek bailout talks start as government reels from Varoufakis' 'Plan B' confirmation
That Tsiparas is such a movie star now. Love the picture!
MVL: 7 more countries...http://www.iran-daily.com/News/123430.html
MY LADIES: YEP AND HERE IS THE FULL ARTICLE ON IT FROM YESTERDAY http://www.presstv.ir/Detail/2015/07/27/422122/IRAN-VISA-WAIVER-
MVL: Riyadh throwing a hissy-fit...? Lol http://en.abna24.com/service/middle-east-west-asia/archive/2015/07/28/702734/story.html
MY LADIES: YES THEY ARE HERE IS AMORE INDEPTH ARTICLE ON THE SUBJECThttp://www.presstv.ir/Detail/2015/07/28/422231/Iran-EU-Mogherini-Zarif
MVL: Iran tells India...let's do this! http://www.naturalgasasia.com/financial-express-a-8-billion-bill-india-needs-to-invest-quickly-in-iran-16188
MVL: Tehran is certainly taking the lead in momentum...http://hosted.ap.org/dynamic/stories/M/ML_IRAN_EU?SITE=AP&SECTION=HOME&TEMPLATE=DEFAULT&CTIME=2015-07-28-09-45-25
MVL: The Brits certainly aren't wasting any time, diving into the Asian trade waters, mirroring the Kremlin. http://www.wired-gov.net/wg/news.nsf/articles/PM+sets+sights+on+southeast+Asia+with+750m+business+deals+and+new+EU+trade+deal+28072015081023?open
MY LADIES: US FIRMS ARE GOING TO BE LEFT AT THE STARTING LINE. HERE IS ANOTHER EXAMPLE OF THE STUPIDS LEADING THE BLIND AND NEITHER ONE CARING ABOUT THE PEOPLE!
US firms ‘losers’ when Iran doors open http://www.presstv.ir/Detail/2015/07/28/422215/US-Firms-Losers-When-Iran-Doors-Open
US media are criticizing “strict, decades-old restrictions” that will continue to prohibit trade with Iran even after sanctions against the country are lifted.
The Wall Street Daily has warned in an article that US corporations are set to lose big to their European and Asian rivals once the gates to the Iranian market open in a post-sanction period.
MY LADIES: RETURNING TO IRAN MAY NOT BE AS EASY AS A WALK IN THE PARK
Peugeot team in Tehran as criticisms grow http://www.presstv.ir/Detail/2015/07/28/422227/Peugeot-Experts-Iran-Criticisms-Grow
Iranian officials say the French auto giant Peugeot is already in advanced stages of talks to provide parts to the leading Iranian carmaker Iran Khodro.
Fars has criticized the company for “leaving Iran overnight” when the US-engineered sanctions against the country intensified in 2011.
MVL: Mary, is it due, in part, to the "old company line", in that they are evil, and we know better, from a global perspective? The U.S. tone sounds controlling, and arrogant.
MY LADIES: THAT'S PROBABLY BECAUSE THE US IS CONTROLLING AND ARROGANT AND A FEW MORE ADJECTIVES TOO!
MVL: So many that could contribute and flourish with the economic process underway globally, are buying the garbage presented as news these days. That Iran is so bad, and we are so good. Pathetic.
MY LADIES: TELL ME WE DIDN’T SEE THIS COMING….THE DOORS ARE NOT OPEN ANY LONGER TO JUST ANYONE. ISN’T IT JUST SO STUPID TO WATCH WHAT OUR CONGRESS IS LETTING SLIP BY. I HAVE A GOOD USE FOR FLIP FLOPS WITH THEM TOO!
Iran says will pick best trade partners http://www.presstv.ir/Detail/2015/07/28/422230/Iran-Will-Pick-Best-Trade-Partners--
Iran says it will from now on pick and choose its trade partners , adding that it does not want an expected opening of its doors to investors in a post-sanctions period to lead to excessive imports of foreign goods.
“Our conditions today are different from the past,” Mohammad-Baqer Nobakht, Iran’s government spokesman, has told reporters.
“In the post-sanctions period, we are not forced to deal with only a handful of countries. Rather, there are various businesses [that are interested to enter the Iranian market] and we have the power to choose the best,” he added.
Sager: Mary I’m thinking that the US “letting” this slip by is just part of the design for the US to let go of some muscle… remember they will be part of 5 in the new SDR… perhaps that’s just them “allowing” the rest to gain ground?
MY LADIES: PERHAPS BUT DOES THAT TRICLE DOWN TO THE US LITTLE GUY OR MIDDLE GUY THAT COULD BENIFIT FROM TRADEING WITH IRAN
MY LADIES: THIS IS JUST MY OPINION BUT I WOULD NOT BE SURPRISED IF THE “NEW PERSPECTIVE” DID NOT APPLY TO TALKS WITH KURDISTAN AND BAGHDAD.
PrincessDD: Germany, Greece, and the Future of Europe http://www.huffingtonpost.com/jeffrey-sachs/germany-greece-and-the-future-of-europe_b_7886494.html
Greece’s Relentless Exodus http://www.nytimes.com/2015/07/29/opinion/greeces-relentless-exodus.html
Princess DD: Despite differences, Israel, Greece hope to grow closer economicallyhttp://www.miamiherald.com/news/nation-world/world/article28865188.html
MVL: Sweet... http://www.ainonline.com/aviation-news/air-transport/2015-07-28/aviation-silk-road-promote-open-skies-central-asia
MY LADIES: Aviation Silk Road To Promote Open Skies in Central Asia
THIS IS HAPPENING NOW!! THE UN IS SPONSORING WORLD TOURISM ALONG THE BELT!
The United Nations World Tourism Organization (UNWTO) plans a so-called aviation Silk Road initiative for the integration of Central Asia and surrounding regions into a cohesive trading belt. The aviation route at first will include northern, northwest and central China, Kyrgyzstan, Turkmenistan, Kazakhstan, Uzbekistan, Mongolia, Azerbaijan, eastern parts of Turkey, southwest Russia, Armenia and Georgia.
The Silk Road or Silk Route–an ancient network of trade routes that connected the West and East by merchants and pilgrims from China and India to the Mediterranean Sea—inspired the name of the initiative to promote open skies in the region.
PrincessDD: China’s Yuan Campaign Brings Currency to London’s Metal Marketshttp://www.bloomberg.com/news/articles/2015-07-28/china-s-yuan-campaign-brings-currency-to-london-s-metal-markets
Princess DD: LME to accept yuan as collateral in bid to win more Chinese businesshttps://www.platts.com/latest-news/metals/london/lme-to-accept-yuan-as-collateral-in-bid-to-win-27651534
Princess DD: UPDATE 1-LME (London Metal Exchange) Clear to accept offshore yuan as cash collateral http://www.reuters.com/article/2015/07/28/lme-clear-yuan-idUSL5N1081O520150728
Princess DD: A Low-Volatility Play On China: Its Currency http://www.valuewalk.com/2015/07/china-yuan-stocks/
Princess DD: Yuan acceptance gets thumbs up from LME, IMF review nexthttps://www.econotimes.com/Yuan-acceptance-gets-thumbs-up-from-LME-IMF-review-comes-next-68981
MVL: Brilliant move. My current work involves catering, to a certain degree, to Asian gamblers. Those with even the slightest hint of disposable income, and many with not, LOVE casinos.
MY LADIES: WELL IF YOU BUILD IT THEY WILL COME…MOVE OVER TRUMP, YOU HAVE ISIS COMPETING BUILDING 5 STAR HOTELS AND NOW PUTIN BUILDING …BUILDING LAS VEGAS IN RUSSIA…LOL..LOL.. YOU GOT TO LOVE IT!
MY LADIES: WELL IRAN IS ON A SQUABBLE SETTLE CAMPAIGN. HERE IS ZARIF WITH MASSOUM OFFERING TO SETTLE DOMESTIC SQUABBLES IN IRAQ. JUST AS I SAID LAST NIGHT TO UNDERSTAND THE CULTURE IN THE MIDDLE EAST WHAT IRAN ACCOMPLISHED WITH THE P5 WAS AMAZING.
THE USA IS THE ONLY COUNTRY STILL TRYING TO SELL IT AS A NUCLEAR DEAL. THE EU AND THE MIDDLE EAST STATES KNOW IT WAS AN ECONOMIC AGREEMENT OF MONUMENTAL PROPORTIONS
IRAN HAS PROVED THAT TALKING WORKS AND HAVE PROVED THEMSELVES AS MASTER NEGOTIATORS. NO MATTER OUR OPINIONS THAT CARRIES HUGE WEIGHT THERE.
LOOK AT WHO IRAN IS SITTING WITH TOP RELIGIOUS LEADERS FROM BOTH SUNNI AND SHIITE. IRAQ IS ONY THE 3RD STATE ON THE TOUR SO FAR. SO SAY WHAT YOU WILL BUT I THINK WE ARE GOING TO SEE FAST AGREEMENTS IN IRAQ AND OTHER PLACES IN THE SHORT TIME.
Iran, regional countries can be harbingers of dialog: Zarif http://www.presstv.ir/Detail/2015/07/28/422197/Iran-Zarif-Iraq-Massoum-regional-dialog
Iran’s Foreign Minister Mohammad Javad Zarif says the Islamic Republic and regional countries can initiate dialog to address disagreements and clear up misconceptions.
In a Monday meeting with Iraqi President Fouad Massoum in Baghdad, Zarif referred to the recent conclusion of nuclear negotiations between Iran and the P5+1 and said the agreement reached at the end of the talks was made possible as a result of a fresh perspective by the Islamic Republic.
“This new outlook can also be drawn upon to settle regional woes as well,” Zarif said.
In Iraq, Iran’s diplomacy chief met with senior religious figures and political officials, including Grand Ayatollah Ali al-Sistani, Iraqi Prime Minister Haider al-Abadi, and Foreign Minister Ibrahim al-Jaafari.
PrincessDD: That is great news. Shows they are making significant progress with their neighbors and making lots of mutually beneficial deals.
MVL: Along those lines, Mary... http://english.shafaaq.com/politics/15286-britain-announces-its-support-to-resolve-problems-between-erbil-and-baghdad-through-dialogue.html
MY LADIES: YEP BUT BRITAIN NEEDS NOT WORRY, IRAN IS ALREADY THERE!
PrincessDD: Wow that is really interesting. Who would have guessed the worlds number one enemy would be landing huge contracts like that? Feels like twilight zone for some reason.
MY LADIES: AND HOLDING A GRUDGE AND DEMANDING RESPECT IS RIGHT UP THERE WITH NEGOTIATING! THE FRENCH HAVE SOME APOLOGIZING TO DO
Fabius must apologize to Iran over infected blood exports: MP
A senior Iranian lawmaker has called on French Foreign Minister Laurent Fabius to officially apologize to the Iranian nation over his role in the export of infected blood.
Alaeddin Boroujerdi, who serves as the chairman of the Iranian parliament's Committee on National Security and Foreign Policy, said Tuesday that Fabius must apologize over involvement in the selling of infected blood products to Iranian companies in the 1980s.
PrincessDD: KRUGMAN: Of course Greece had a plan for a new currency Read more:http://www.businessinsider.com/paul-krugman-on-greece-drachma-contingency-plan-2015-7#ixzz3hCOu6zNH
Greece had secret 'Plan B' to dump euro for drachma …Ex-finance minister’s talk released; government takes hit http://www.arkansasonline.com/news/2015/jul/28/greece-had-secret-plan-b-to-dump-euro-f/?latest
Greeks hacked into Troika-controlled computer system to create secret plan to switch to drachma at ‘flick of a button’ http://business.financialpost.com/news/economy/greeks-hacked-into-troika-controlled-computer-system-to-create-secret-plan-to-switch-to-drachma-at-flick-of-a-button
Greece rocked by reports of secret plan to raid banks…Opposition parties seek explanation after proposals attributed to Yanis Varoufakis and fellow ex-minister highlight Syriza splithttps://www.irishtimes.com/news/world/europe/greece-rocked-by-reports-of-secret-plan-to-raid-banks-1.2297825
PrincessDD: Varoufakis defends his ‘plan B’ for Greece euro exit…Former Greek finance minister says ‘parallel payment’ contingency scheme was essentialhttps://www.irishtimes.com/news/world/europe/varoufakis-defends-his-plan-b-for-greece-euro-exit-1.2299000
PrincessDD: Varoufakis claims he had approval for a ‘secret’ plan…Former Greek finance minister says emergency plan parallel payment system was authorizedhttps://www.irishtimes.com/news/world/europe/varoufakis-claims-he-had-approval-for-a-secret-plan-1.2298808
MY LADIES: MY GOSH IS THAT THE TRUTH??? THEY WERE REALLY THIS CLOSE TO GOING TO THE DRACHMA???
PrincessDD: Leaked Greece Exit Plans Lead To Euro Rate Movementhttp://www.forexrate.co.uk/news/leaked-greece-exit-plans-lead-to-euro-rate-movement/
Syriza’s covert plot during crisis talks to return to drachma http://www.ft.com/intl/cms/s/0/2a0a1d94-3201-11e5-8873-775ba7c2ea3d.html#axzz3h8WT0LeA
PrincessDD: Greece ‘plotted’ drachma return
Greece’s commitment to the euro came under fresh scrutiny yesterday when it emerged that senior government ministers had secretly planned a return to the drachma. The disclosure that members of Alexis Tsipras’s cabinet had been plotting to.....
Yanis Varoufakis defends ‘Plan B’ tax hack http://www.ft.com/intl/cms/s/0/d44a92c0-3454-11e5-bdbb-35e55cbae175.html#axzz3h8WT0LeA
Princess DD: Varoufakis' Plan B was worse than a crime - it was half-baked nonsensehttp://fortune.com/2015/07/27/varoufakis-plan-b-grexit-greece-half-baked-nonsense/
Princess DD: Euro zone should plan a way to let members go http://www.chicagotribune.com/news/sns-wp-blm-news-bc-euro-comment27-20150727-story.html
MY LADIES: WELL NOTHING IN GREECE IS IN STONE YET SO WE SEE WHAT HAPPENS THERE.
THE FED TALKS WED, AND SO DOES THE GREECE CREDITORS
PrincessDD: Sergei Pugachev: 'Putin's banker' now lives in fear of man he put into power http://www.theguardian.com/world/2015/jul/28/sergei-pugachev-putins-banker-interview-lives-in-fear
German "wisemen" say euro zone states should be able to go bankrupthttp://www.reuters.com/article/2015/07/28/eurozone-greece-germany-bankruptcy-idUSB4N0ZN01L20150728
Princess DD: Germany favours insolvency tool http://www.iol.co.za/business/news/germany-favours-insolvency-tool-1.1891856#.Vbee05PL9z0
Four charts that show why the euro isnt working for German or Greecehttp://www.telegraph.co.uk/finance/economics/11767891/Four-charts-that-show-why-the-euro-isnt-working-for-Germany-or-Greece.html
Princess DD: German advisers say euro zone exit should not be taboohttp://www.reuters.com/article/2015/07/28/us-eurozone-greece-germany-bankruptcy-idUSKCN0Q20PS20150728
Princess DD: Greece crisis: German advisors want mechanism for a country to leave euro zone http://www.independent.ie/business/world/greece-crisis-german-advisors-want-mechanism-for-a-country-to-leave-euro-zone-31409749.html
MVL: Wow...DIRECT flights to and from Iran...boy, that was fast. Just waiting on the authorization. Memphis! Clear the screen, brother! Lol. http://www.payvand.com/news/15/jul/1175.html
PrincessDD: Merkel, German ‘Tiger Mom’The eastern roots of the German chancellor’s ‘tough love’ approach to Europe. http://www.politico.eu/article/why-merkel-is-europes-tiger-mom/
Princess DD: No need to cut German growth forecasts due to China: economic adviserhttp://www.reuters.com/article/2015/07/28/us-china-germany-economy-idUSKCN0Q21F220150728
Princess DD: German Bonds Retreat as Stocks Rally Dents Appetite for Havenshttp://www.bloomberg.com/news/articles/2015-07-28/german-bonds-retreat-as-stocks-rally-dents-appetite-for-havens
Swiss banks win easier access to German customers http://www.out-law.com/en/articles/2015/july/swiss-banks-win-easier-access-to-german-customers/
MVL: It's like the U.S. is just sitting around, watching for a...wait for it….
PrincessDD: I know..... whats up with that?
Sager: Just my take but I think it’s part of the design…Never would they miss out, unless were told to sit still for a bit
PrincessDD: Could be…I guess it would be silly to think they dont have a plan engaged as big as this really is.
MY LADIES: I THINK THIS HAS MORE TO DO WITH STUPIDITY, AND LOYALTIES TO THE ZIONIST, THE CONGRESS IS PAYING BIG BUCKS FOR STUPID COMMERCIALS, THE POLITICIANS ARE SAYING THE STUPIDEST OF THINGS AND THEY ARE GOING TO WHINE AND CRY UP UNTIL THE LAST MIN. FIGHTING THIS DEAL
MEANWHILE THE TRADE PARTNERS ARE BEING SELECTED AND WHILE THE USA WILL TRADE JOE LITTLE GUY IN THE USA WILL BE LOCKED OUT BECAUSE SOME COMPANY FROM EUROPE OR ASIA HAS TAKEN THEIR PLACE!
MVL: History repeating? The U.S. always seems to have to come from behind, after the smart money has been made. Except for now, in our case. Once this candle we watch gets lit, we don't have to keep all of our economic eggs in one basket.
PrincessDD: Takeovers, Earnings Spur Stock Gains as China Market Stabilizes
That video i just posted is talking about "ENERGY" being in decline. It would make sense that Iran could pump that sector up when they get ready for them to do that.
PrincessDD: Tough times strike Saudi Arabia’s millionaires https://www.cnbc.com/2015/07/27/tough-times-strike-saudi-arabias-millionaires.html
Kuwait urges Saudi Arabia to resume output at disputed oil field http://economictimes.indiatimes.com/articleshow/48251367.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst
7-29-15 sczin11: [What do you believe is standing in the way of these laws being pased?] IMHO, TIMING...THEY ARE WAITING ON SOMETHING...NOT SURE WHAT ... COULD BE MALIKI. I THOUGHT TODAYS AGENDA WOULD BE FULL...IT WAS NOT ... I THOUGHT THEY WOULD MEET TOMORROW [WEDNESDAY] ... THEY R NOT ... THURSDAY IS LAST SESSION OF THE MONTH.
TARIFFS WERE TO START SAT, BOND SALES SUN, TRANSFER OF POWERS NEXT WEEK, LESS THAN 2 MONTHS FOR MONEY LAUNDERING LAWS, LESS THAN 2 MONTHS FOR FACTA LEGISLATION. I AM VERY ENCOURAGED ABOUT THE NEED NOW TO ACCOMPLISH WHAT THEY STATE THEY WANT TO DO NOW ... BUT, THEY HAVEN'T PROVEN THEIR HASTE TO ME YET...THEY ARE MOVING FORWARD, DON'T GET ME WRONG, BUT IF I WERE IN CHARGE, I WOULD BE EATING MY WHEATIES EVERYDAY ... EARLY IN THE MORNING. Comment
7-29-15 My Ladies: Perhaps we are misleading people or using the improper verbiage or not getting our point across thoroughly...Neither [Guru] Nova or I said...anything that the Central Bank of Iraq isn’t saying. I don’t know and Nova doesn’t know if 1095 is going to be the exchange rate of the Iraqi dinar. What we said is the Central Bank of Iraq said they are selling bonds -- their verbiage was “abroad” -- at a rate of 1095 to 1 USD. They’re selling it in dinar. Again, this isn’t Nova and me saying these things. This is the CBI and ISX. This was formal, on their letterhead.
Now, what Nova and I said is that the Central Bank of Iraq, the Government of Iraq, or anybody can’t sell bonds abroad, international, whatever word for outside the country, without having an exchange rate. Are Nova and I saying that 1095 is the new exchange rate for the Iraqi dinar? No. The reason this is happening is because the GOI has no money. The GOI is broke, and they can’t get dinar from the CBI. They have to create an event in order to raise the funds they need. The whole thing is they’ve turned the engine on, and it’s wonderful. Comment
7-29-15 BGG: [Is it True Iraq has 60 days to RV?] Not exactly - the WB [World Bank] has given Iraq 60 days to deal with their money laundering issue...which should, at some point shortly after they do - open the door for a very different regime... (more PRO-currency reform) - Short answer...it is far more possible once they satisfy the WB. BGG Blog
7-28-15 My Ladies & Nova: ANNOUNCEMENT... "ANY COMPANY OUTSIDE IRAQ INTERESTED IN TRADING ELECTRONICALLY ON THE ISX MUST SUBMIT THEIR OFF IN WRITING BEFORE AUGUST 27TH AND THEY MUST INCLUDE WHO THEIR REPRESENTATIVE WILL BE."
I HAVE OFFICIAL NEWS THAT THE RATE IS GOING TO BE 1095 AND IRAQ WILL BE OPEN FOR TRADING 8/2...SO WE SEE THEY ARE ALLOWING ONLINE TRADING FOR ME AND YOU ON THE ISX. THIS IS TRULY REMARKABLE ...IT'S STARTING! EXCITING TO SAY THE LEAST! Comment
7-28-15 harvestime: According to what is written (link below) tariffs will be collected without exception on August 1, 2015. LINK Comment
7-28-15 tman23: "The Government's decision to reduce the salaries of officials and senior staff closer to attempt a radical processing prosthesis for the problem..." The salaries of the GOI were ridiculous...One of the IMF concerns/conditions with regard to Iraq GOI was salaries...to be adjusted. BGG Blog
7-28-15 BGG: They are meeting - over what to do about Maliki...they come back, not much gets done - deal with Maliki - move on... [Are you saying Maliki issue is more important right now for them to decide than voting on the laws? because once Maliki is canned, the laws will be a whiz to pass?!] No question - that is what I am saying...he has played the "obstructionist" thus far. He goes - things move!! BGG Blog
7-28-15 My Ladies: [They are creating DEMAND for the IQD by selling the bonds…The IQD now has a purpose.] THIS IS WHY WE ARE SAYING THE DINAR WILL BE CONVERTIBLE ACROSS BORDERS...AND ALSO LOOK AT WHO THE SELLER IS, THE GOI IS THE SELLER, NOT THE CBI, THE CBI IS ONLY MAKING CONVERSIONS. IN ORDER TO TRADE THESE BONDS ACROSS BORDERS THAT MEANS THAT THE CONVERSION SWITCH IS TURNED ON.
RIGHT NOW THE DINAR IS FOR IRAQ USE ONLY AND IN ISOLATION RIGHT? SO NO MATTER WHAT YOU HEAR OUT THERE FROM ANYONE THIS IS BASIC BANKING 101, NO MYSTERY NO SECRET INTEL, NO NONSENSE. THIS IS JUST HOW THE WORLD OF BANKING WORKS. BASIC AND NO MYSTERY INVOLVED.
[Yes. And this process requires then the IQD to be international.] ABSOLUTELY IT DOES! YOU CAN NOT CONVERT EURO, OR YEN, OR PESOS, OR DISNEY DOLLARS INTO DINAR WITH OUT THE CONVERSION SWITCH BEING TURNED ON! ...I HAVE SAID 2-3 DOZEN TIMES RECENTLY WITH ALL THIS ACTION IN THE MIDDLE EAST THE DINAR NEEDS TO TRADE SOON. I WAS NEVER SPEAKING TO VALUE, JUST TO THE START OF IT TRADING...AND I THINK THIS IS WHERE WE ARE AT COME THE 2ND OF AUGUST. Comment
7-28-15 The I.Q.D. Team Connection: Straight Talkin' Mike, L.J., Diana, Debbie & Kimberly Investigate, Question, Deliver - "Connecting ALL The Pieces"
Conference Call Tuesday, July 28, 2015 @ 8 PM EST
Join us Tuesday, July 28, 2015 as we continue our mission to Investigate, Question & Deliver the "Straight Talk"
"CONNECTING ALL THE PIECES" with all the UP TO THE MINUTE IRAQ NEWS
Call in Number: 760-569-7676, Pin: 769478# or
Back Up: 760-569-7676, Pin: 712222# (listen only)
7-28-15 Big E 13B: This is something to put your worries to rest. This is Coalition Provisional Authority Order 39:
Enjoy and sleep peaceful. Comment
7-28-15 My Ladies (Chat):
HG: So here's a question: If your goal was to re-claim some dinar currency and maybe have an influx of currency -- is 2 billion worth (USD) enough to provide that stimulus?
And if it is how long will it take for Iraq to sell that amount of bonds?
Will it probably happen right out of the gate? If so then it wouldn't surprise me for the second step to happen just as soon as the 2 billion worth of dinar has been sold, i.e, hopefully even early August. Does this make any sense??
PrincessDD: Mary is the bonds equal to the dinar value?
Also if they sell part of the 5 billion in bonds in dinar and later sell them later or by the end of the year in USD, to countries and banks and investors, and we know the bonds will give the dinar value do they stand a chance of bankrupting the country at the 1095 rate?
If it were to come out at 1.00 it would still cause a country collapse so how long could they reasonably leave it at that rate? Im rolling things in my mind today after last nights call.
It would seem that an hour at that rate is financial suicide. I may not get the full picture but dont see how they can pull that off without some huge problems.
If they are going to sell them in dinar who would have the dinar besides us for them to sell them in the dollar?
Princess DD: I guess many countries are holding dinar too and that is how they would get it back, once those countries buy the bonds in dinar.
MVL: Nova had a great explanation about that last night, and I failed to adequately record his comments. I know he said it's not a good idea to buy those 1095 bonds now, using IQD, and waiting for the interest payment in USD, but that if a different scenario were to present itself, like using the same currency in and out of the deal, then there's a big difference.
My guess is we would not want to chase pennies using a currency potentially worth a whole lot more, then take the return in a different currency, also not worth nearly what we hold now, waiting on its rise.
I apologize in advance if I messed that up beyond recognition.
PrincessDD: In the next five days if they lowered by 2% we would be at 1097 on the 4th day (our Saturday night) does that have any significance?
1166 then day 2 it will be 1142 and day 3 it would be 1119 and then day 4 it would be 1097.
just looking at some math.
MVL: I'm going with Martin Armstrong's assertion that pegs don't last. They can, and do, get yanked at any time. An example would be the Swiss, earlier this year. Only two days after publicly stating the peg was a central part of their economic foundation, it was pulled out faster than a cotton rug from a linoleum floor.
MY LADIES: OK PRINCESS HERE WE GO...CAN SOME ONE DO THE MATH ON 2BILLION USD AT 1095 =???
MVL: A little over 1.8 million USD
MY LADIES: Princess DD: <<< Mary is the bonds equal to the dinar value?
NO PRINCESS THE BONDS ARE EQUAL TO 2 BILLION USD. THEY ARE SELLING THEM IN DINAR AND THE WAY THEY DO THAT IS NOT TO PEOPLE HOLDING DINAR OR TO COUNTRIES WITH DINAR IF YOU WANT TO BUY THEM YOU GIVE USD AND THEY MAKE THE CONVERSION INTO DINAR, SAME AS IF YOU WERE SHOPPING ON LINE IN GERMANY OR ANY WHERE ELSE.
I’M NOT SURE HOW 1095 WILL BANKRUPT THE COUNTRY BECAUSE THE COUNTRY IS NOT FOR SALE.
THERE ARE HUGE RULES IN PLACE FOR INVESTING, BUT AGAIN IT’S THE SAME LIKE IF YOU WENT SHOPPING FOR THINGS IN VIETNAM THEIR CONVERSION IS MUCH WORSE THAN THE DINAR BUT YET THERE IS LITTLE CHANCE OF BANKRUPTING VIETNAM.
THE 2 BILLION NOW IS BEING SOLD TO RETAIL INVESTORS THAT IS PEOPLE LIKE US, REGULAR PEOPLE. THE BALANCE WE DON’T KNOW HOW THEY WILL SELL THEM I’M ONLY GUESSING THEY WILL SELL THEM TO INSTITUTIONS LIKE THEY HAVE DONE TWICE BEFORE.
OK NOW IF THEY REPRICE TO $1.00 IT WILL CRIPPLE THE COUNTRY AND THE PEOPLE WILL BE IN ROUGH SHAPE FOR ABOUT 2 YEARS. ANY MOVE OFF OF 1166 WILL BE TOUGH FOR THEM.
MY LADIES: PrincessDD: In the next five days if they lowered by 2% we would be at 1097 on the 4th day (our Saturday night) does that have any significance?
1166 then day 2 it will be 1142 and day 3 it would be 1119 and then day 4 it would be 1097.
THIS MATH CALCULATION IS MOVING AT 0.02 CENTS, THAT IS WAY WAY TO MUCH, CURRENCY ONLY MOVES 1/100TH OF 1% DAILY
MVL: 2 billion USD, buying IQD at a rate of 1095, is 2.19 trillion IQD...wow...
MY LADIES: RIGHT MIKE THAT MATH IS BETTER….THE GOI NEEDS TO GET DINAR FROM SOMEWHERE, THE CBI IS NOT GIVING IT AWAY...THEY HAVE PLENTY OF DOLLARS ALREADY
MVL: So...these bond sales are like bait to bring IQD liquidity home to the CBI, where it can be more effectively controlled...?
MY LADIES: NO! HOME FROM WHERE???
THESE BONDS ARE TO GET DINAR FROM THE CBI AND INTO THE FINANCE MINISTER POCKETBOOK
AVERAGE JOE INVESTOR IS NOT WALKING AROUND WITH DINAR IN HIS POCKET HE WILL GO TO THE CBI WHO IS SELLING THE BONDS FOR THE GOI AND GIVE THE CBI, USD OR EURO, OR YEN OR PUMPKIN SEEDS AND THE CBI WILL CONVERT THAT TO DINAR AND PUT THAT AMOUNT OF DINAR ON THE FINANCE BALANCE SHEET
Rocket Rich : They are creating DEMAND for the IQD by selling the bonds….The IQD now has a purpose.
MY LADIES: THIS IS WHY WE ARE SAYING THE DINAR WILL BE CONVERTIBLE ACROSS BORDERS
RIGHT RICH… AND ALSO LOOK AT WHO THE SELLER IS, THE GOI IS THE SELLER, NOT THE CBI, THE CBI IS ONLY MAKING CONVERSIONS
IN ORDER TO TRADE THESE BONDS ACROSS BORDERS THAT MEANS THAT THE CONVERSION SWITCH IS TURNED ON.
RIGHT NOW THE DINAR IS FOR IRAQ USE ONLY AND IN ISOLATION RIGHT???
SO NO MATTER WHAT YOU HEAR OUT THERE FROM ANYONE THIS IS BASIC BANKING 101, NO MYSTERY NO SECRET INTEL, NO NONSENSE.
THIS IS JUST HOW THE WORLD OF BANKING WORKS. BASIC AND NO MYSTERY INVOLVED.
MVL: Yes. And this process requires then the IQD to be international.
MY LADIES: ABSOLUTELY IT DOES! YOU CAN NOT CONVERT EURO, OR YEN, OR PESOS, OR DISNEY DOLLARS INTO DINAR WITH OUT THE CONVERSION SWITCH BEING TURNED ON!
IF YOU RECALL I HAVE SAID 2-3 DOZEN TIMES RECENTLY WITH ALL THIS ACTION IN THE MIDDLE EAST THE DINAR NEEDS TO TRADE SOON.
I WAS NEVER SPEAKING TO VALUE, JUST TO THE START OF IT TRADING. AND I THINK THIS IS WHERE WE ARE AT COME THE 2ND OF AUGUST
Sager: Mary would it make sense for the IQD needing to reflect a reality rate (like they stated - to go back to the 90’s) by the time the new SDR is to be launched in Jan? Actually, not only the IQD, but all currencies?
Like I mentioned on the call last night, perhaps that’s why this particular process will be starting beginning August…
MY LADIES: YES SAGER I WOULD THINK SO.
JP: Starting to get real NOW!
MY LADIES: I JUST DON’T UNDERSTAND WHY DINAR LAND CAN NOT GET THE CONNECTION BETWEEN IRAQ AND IRAN. THEY ARE NEIGHBORS AND FRIENDS AND BUSINESS PARTNERS FOREVER.
FOLKS WANT TO BLAME MALIKI AND SAY HIS TIES TO IRAN ARE BAD BUT HERE WE SEE ABADI SPEAKING OUT CLEARLY IN DEFENSE OF IRAN.
Economic sanctions against Iran crime: Iraq PM http://www.presstv.ir/Detail/2015/07/27/422160/Iran-Iraq-Zarif-Abadi-nuclear-agreement
Iraqi Prime Minister Haider al-Abadi says the economic sanctions imposed on Iran are a “crime”.
Abadi made the remarks in a statement which his office released following the Iraqi premier’s meeting with Iranian Foreign Minister Mohammad Javad Zarif in Iraq's capital, Baghdad, on Monday.
MY LADIES: OK HOLD ON I HAvE OFFICAL NEWS THAT THE RATE IS GOING TO BE 1095 AND IRAQ WILL BE OPEN FOR TRADING 8/2 HOLD ON
Call Iraq Stock Exchange to provide trading system offers online
07/28/2015 10:42 http://www.isx-iq.net/isxportal/portal/storyDetails.html?&storyId=2866
OK NOW LOOK HERE WITH ANNOUNCEMENT THE TOP IS IN ARABIC AND IT SAYS ANY COMPANY OUTSIDE IRAQ INTERESTED IN TRADING ELECTRONICALLY ON THE ISX MUST SUBMIT THEIR OFF IN WRITING BEFORE AUGUST 27TH AND THEY MUST INCLUDE WHO THEIR REPRESENTATIVE WILL BE.
SO LOOK IF YOU CLICK THE LINK IN MY POST IT WILL OPEN A PDF THAT IS WHAT YOU JUST POSTED
AW: Mary,...as with the bonds, it appears that now the ISX is moving outside of the borders of Iraq and the only way they could possibly do so is if the IQD (which they have in common) is going to be traded/move freely on the world currency markets.
Dale: Alan, Mary so stated earlier: trade these bonds across borders (yen, Euro, Peso) means that the conversion switch has to be turned on…
MY LADIES: OK ALAN SO WE SEE THEY ARE ALLOWING ONLINE TRADING FOR ME AND YOU ON THE ISX.
Sager: This is incredible!!! I’m super excited about this!! This is the start of the IQD movement on the international stage!
MY LADIES: WE NEED TO SEND THEM OUR INTENTIONS AND WHO THE BROKER WILL BE
VERY MUCH LIKE SAUDI IS DOING WHILE IT IS OPEN TO FOREIGN INVESTORS THEY ARE REMAINING GUARDED AND SELECTIVE
Hummingbird: Mary would this be broker applications or individual people apps
MY LADIES: NO NO NO ...BROKER APPLICATIONS... BIG BIG BIG BROKERAGE HOUSES
Hummingbird: Would brokers be getting some kind of notification that this is available
MY LADIES: THEY JUST DID
Sager: Mary there’s no porcupine around here, right? (Porcupines burst balloons)
MY LADIES: NOT AS FAR AS I CAN SEE SAGER...YET...
Sager: I feel grounded regardless, but this is awesome :)
IQD NOVA: THIS IS TRULY REMARKABLE EVIDENCE OF WHAT WE WERE TALKING ABOUT LAST NIGHT!!!
EXCITING TO SAY THE LEAST!!!
Sager: So we should see 1095 around Monday?
PrincessDD: Maybe our Saturday night
7-28-15 BGG: “Straight Talk Radio” Call!!
“Dinar News that matters…”
7/28 @ 3:30 pm CST
Click banner on mid-right of page!!
Read More: http://www.dinarupdates.com/observer
7-28-15 My Ladies: THE SANDBOX IS A LOT FURTHER ALONG THAN WHAT WE KNEW OR SUSPECTED...WE ARE DEALING WITH SOME OF THE LAST PUZZLE PIECES. IRAQ IS READY TO SELL RETAIL BONDS...KEEP WATCHING THIS PROCESS...THIS MAY START AUGUST 2ND. IF THIS HAPPENS IN IRAQ ONLY, THEN NO INTERNATIONAL RATE IS REQUIRED.
WE ARE NOT SURE JUST YET WHERE THEIR CURRENCY COMES INTO PLAY DURING THIS PROCESS. WE MAY SEE A 1095 RATE FOR THE IQD ON THE FOREX THIS COMING SUNDAY NIGHT, MONDAY MORNING VIA THE CBI WEBSITE. DON'T DO ANYTHING... DON'T FREAK OUT...JUST WATCH IT TAKE ITS FIRST INTERNATIONAL STEPS. IQD AT THE START 1095, BUT IT WON'T STAY THERE...IT CAN'T.
NEVER MIND THE INITIAL RATE...THIS WILL CHANGE... WE COULD SEE MORE PROGRESS WITH THE IQD RATE BETWEEN THE 2 BILLION BOND SALE, WHICH STARTS AUGUST 2ND, AND THE 3 BILLION BOND SALE, A MONTH LATER. WE MAY NEED TO SEE A RATE FIRST, THEN DELETE THE ZEROES. THE DELETE THE ZEROES THING, PART OF THE TWO-PART PROCESS, COULD HAPPEN AT ANY TIME.
YOU CANNOT COME OUT OF YOUR DRIVEWAY DOING THE SPEED LIMIT. YOU HAVE TO START SLOW, SEE HOW IT GOES, THEN YOU CAN THROTTLE UP. KUWAIT NEVER REVALUED. THIS IS A MYTH. THEIR CURRENCY WAS FROZEN WHEN IRAQ WAS INVADED. WHEN IRAQ LEFT, THEY FLIPPED THE SWITCH BACK ON. THE SAME THING IS LIKELY HERE...WE WILL JUST SEE THE INVESTMENT CRACK WITHOUT WARNING. Comment
Tbirdd. **Can still see isa's info -- here is some: Anyway for whoever is out there… the forex site I watch just did a TEST of the usd/iqn and the chart was only in a range of .4881 to .4792 which as you know means that it is worth more than Kuwait which is at .3032...Now the chart has gone back to somewhat normal, but with alot lower opening than it usually shows. I'm really excited.
GJHonor: mrs.) gm to all. this is a post I saw from Isa below is way different from her other post below.? isa52bc wrote 3h ago Yeah, I think I'm going to head off to bed...here is what I can tell you from the site I watch...the only currency in the basket that has moved AT ALL is the Rupiah, all the others have stayed at their opening rate, and of course the isd/iqn is still completely BLANK...no nothing...zip...nada...not even zeros...just blank.
Iko Ward: Well, let's see. Forex is showing 1130 on the dinar as it has for the past week. Markets are back up. ISX lost another 1% as it has each day for the past week. Gold is steady. Isa's post is interesting in that whatever platform she is viewing may have anticipated something or gotten instructions but they are all still slaves to the CBI at the end of the day. Forex showed 1130 all night. It's all good. It's coming.
Iko Ward: And I forgot, Canadian Dollar is active on the CBI. They really love you guys, been changing daily and for the better.
CO Dreamer: Iko at least something is changing!
Iko ward: Actually, CO, the way I see it is the whole planet is dancing around the Dinar and that is the only thing that isn't changing publicly, but it sure is bouncing around the back rooms.
Martha: think about this July 31st is the end of the month, it is also the "blue Moon"
Iko Ward: Martha, that might actually be more appropriate than "Chistmas". Aug 1st is the start of the new life on this planet, our new lives, and an appropriate underground holiday. Another way to ID Dinarians, people popping champagne at restaurants and crying TNT!
Martha: Iko I did a new posting but something did happen on the 25th-the new cards went international
Martha: Happy New Year!
Today maybe our lucky day, but just in case,I propose the fact that July 31st is the New Years. We know that Iraq is going international on the first of August and the international Bonds start on August 2,2015.
We also know that the parliament heads-President, prime minister, etc have voted a 50% pay cut BUT with a new rate this now, actually becomes a PAY RAISE!!!!
This year, on July 31st is the "Blue" moon which in reality won’t be blue this year but a strawberry color but a very important astrological feature. It is the 2 for one month but it is also a birth and a rebirth., a start and a re-start.
We had the star of Bethlehem last month and I’m not sure where the planets are this month except that this a good luck thing, I would think, thus I think we should have a New Year’s party on the 31st IF we are still here.
Remember this is still part of the puzzle as we go forward. Hopefully we will be completed by then but just in case, BE PREPARED for any time, any date. This is definitely coming this time. Tony is point on!!!!!!!
7-28-15 Mnt Goat: My next guess is that also very soon we will see this infamous “basket” of laws being announced since they are all inter-connected together and must be implemented all at once to make any sense. Comment
DrakeChap: Tuesdays are the that the banks align and actually start the week. monday the banks are finishing fridays transactions. so tuesday sounds good
Dreamsdocometrue: Well I'm excited that tonight into tomorrow am just might be it...just sayin.
Adept1 : Iko texted me to say that he looked at the IMF website, and sure enough, no rates. I hope this means they are getting ready to update to the new rates.
ALREADY BLESSED: DID ANYONE POST A LINK SHOWING THE IMF RATE PAGE SHOWING THE CURRENCIES?
LaterGator: imf link... http://www.imf.org/external/np/sec/bc/eng/index.aspx
rkstx : No IQD on IMF or VND on IMF or Afgan. Interesting Ab. GREAT OBSERVATION!
Martha: Hi everyone dansmoor the imf review is already done. this is a formality to release article 8.It was scheduled for today originally.
Martha: for those who asked me about 7/25, I think the most important things that happened was the parliament meeting and the passing of the national card which not only for ID but for income payment.
7-28-15 KTFA CC (Nots by FrostyTheSnowman): HIGHLIGHTS FROM KTFA MONDAY NIGHT CC 27 JULY 2015.
*** The comments made by Frank26 and others are their sole OPINIONS and cannot and should not be used as any form of financial, tax, banking or investment advice! We offer NO DATE, NO RATE on this forum!!! ***
PLAYBACK LINK: https://www.freeconferencecallhd.com/playback/?n=OTQCw/jsbTu
Frank26: Greetings family! Welcome to another one of your conference calls!
We have a lot to talk about tonight.
To join our forum … email@example.com Our website is http://www.ktfalways.com
We will do our very best to condense this call tonight so that it’s only runs about 1½ hours.
Right now we are being “pinged” – so give me a few minutes while I take this information.
There are people that are helping that my wife and I don’t even know how to express our gratitude – wonderful Christian gratitude … and we’d like to thank our new (and old) webmaster(s). Unfortunately, when we migrated over to the new server, something went wrong, and our site went down for a while – but it’s back online now. Webmasters, from my heart … I thank you!!!
So let’s talk about the Iraqi dinar.
Our files that we have to talk tonight (1,2, and 3) are huge!
First, we’ll cover Intel … then info … then eliminate confusion.
As you know family … the main thing that we have been concerned about in the IQD investment is the SECURITY in Iraq.
Obviously you wouldn’t let your children play with grenades --- with or without a pin in it. They are dangerous.
As far as the “fine-tuning” – I think we’re walking on that right now.
We believe that the info coming out right now is so concentrated towards the monetary reform of the IQD that it is very clear.
We want security … where? On the land … against ISIS and terrorists.
Dr. Shabibi and Dr. Abadi are now one = “DRS” … and the GOICBI.
So, what’s been one of the biggest problems?
Let’s go back in time … in the 80’s and 90’s when Iraq had value. What was it worth? About $3.22.
What was the IQD worth when Saddam was captured?
What it is it worth now? About nine-tenths of a penny.
Back then, the conditions were not proper because Saddam artificially inflating their currency.
So, after we went in and got Saddam … the IMF took the rate down to a more realistic program rate.
The IQD is the only currency (in the last 10 years) that has not gone down in value compared to other world currencies. That is a purpose … a mission … a mission that needs to be accomplished … with or without the Executive Order.
I think the conditions are now good to raise the value of the IQD.
The environment of Iraq is good for the IQD to reinstate it’s value … just like Dr. Shabibi wants.
The conditions of the GOI and CBI are one. (GOICBI)
We are almost there … I don’t know WHEN … we offer no date here.
You can’t raise the value of the IQD if the GOI and the CBI are fighting – and there is none!
Maliki decided to say some bad things about Kurdistan.
As you know, Kurdistan is the “proud-son” of the USA.
So Maliki comes out of his fox-hole … he wanted his money / possessions back … a powerless man … so he said that he would tell EVERYTHING if we’d help him with his family. All of the sudden … WMD’s (Weapons of Mass Destruction) pop up. Knuckle head ISIS tried to use them, but they don’t know how … and if they did they would probably kill themselves. “SYRI-OUSLY” … you know that country and know where those WMD’s went.
While Maliki was trying to save his donkey … (giving up all of his possessions) … he wanted help with his family. They may help with his family … but not M. It’s too late. Laws have been passed for Maliki. They need to remove him from all types of power – not all at once … (because that’s not necessarily good) … and I can’t really say why.
ISIS is being painted into a corner. The leader (Baghdadi) called a meeting … last Tues/Wed … (at a private location) … which there is nothing “private” about them anymore. As they are watched … Baghdadi calls the remainder of his military structure (less than 100 of his commanders that are left) … no one can see them … they decide to change their strategy. At this time, one of the commanders challenges Baghdadi … guns were pulled … shots fired … [and just like a Hollywood action movie] … it turned into the Ok Corral. LOL! Over 50 high-ranking officers were killed.
The SECURITY that we want … is growing rapidly … almost like bacteria. “Cannibalism” – just like we told you. <<< KEYWORD.
We were expecting this. As you know … our military is not stupid … nor the leaders, commanders, officers … nor our Commander of Chief.
We were not to declare this as a “victory” … it will be declared as a middle-east or Arab victory.
The movie is almost over with.
All coalition flights must not be visible.
The F-16’s must fly high above Iraq … while the F-35’s (and high-altitude drones) fly high above … unseen
SECURITY -- city after city … things are being secured and next, in my opinion … Hidithia will be the next target city. Why? Look at the banks.
By the way … they are kicking butt!
The Iraqi Army is kicking butt … removing ISIS< capturing cities, ground, banks, etc.
The citizens are helping. This is why we wanted!
Our monetary reform is not military … but the military brings the peace and security … in a dualism effect!
The IMF watches all of this and says on their website that the IQD is 1166 … but 2 days AFTER this military action … the IMF removes the rate of the IQD … and puts up there … “HOLDING.”
What are they holding? Not much … you know the IMF already gave Iraq the green-light.
Why isn’t this on the front page of the Wall Street Journal? LOL – that one is too easy to answer.
Does that mean that the IMF is waiting in that loooooong line? Yep!
Wells Fargo … I sincerely hope you like raspberries!
Because when this thing is over with … I am going to give you all of my raspberries!
Did you see the Chinese stock market? Last week … we told you … China … you gotta work on your stock – but I didn’t know you were going to do it that way. Even the IMF yelled at them
Speaking of getting yelled at … Maliki gets his butt chewed out … and he sees his loyal followers dwindling in front of him. His time is measured. Good luck to you.
Maliki even tried to give problems to the Kurds. Normally they would have come out after him – but they did nothing.
Where do you keep your enemies? As close to you as possible.
IMO – the Kurds are the primer to the monetary reform of the IQD currency.
To see that the primer didn’t ignite after Maliki’s comments about the Kurds is impressive. The Kurds are keeping quiet.
The Minister of Finance of Kurdistan, announced that they are going to start the distribution of the salary tables, and to distribute the national cards (for the citizens). Why bother? You don’t have any liquidity. (Shhhhhhh)
The Kurds are the primer of the monetary reform of the IQD currency. They are the ones who will trigger everything for the funding.
They are so far advanced that they now could care less about Maliki. They are worried about the rule of law! Kurdistan and Baghdad are committed together as one on the OIL LAW … that is why the RULE OF LAW … the Kurds are committed … because that is where most of the oil is being sent out of Iraq right now. They know that M is about to be committed, so they are committed too!
Where is the HCL? It’s in the 2015 budget. What’s next to the HCL is the RIDER.
Who’s was extremely influential in making sure the RIDER was right next to the HCL?
In my opinion … Kurdistan! They don’t care about Maliki! The lava-flow is working!
166 Billion Dinar … Kurdistan’s quarterback bank … they are loading Kurdistan … the proud-son … who is far advanced … who is extremely influential with the RIDER along-side the HCL. Who’s oil is being shipped left and right. The rider is being used by Kurdistan. Why not? I’d give my proud-son anything he wanted.
Meanwhile … all of these laws are being activated and used … using a rider … and they don’t have to necessarily tell you about it. You’re not supposed to know about it. You will … when they are ready.
166 Billion Dinars being sent to the Kurdistan’s regional bank and you can’t figure that out yet?
The GOI said that the investment law is being passed … and IMO … is being done for Kurdistan.
It is being done to “SUIT” the conditions of Iraq. Pay attention!
ARTICLE – many laws being put in right now. The conditions “SUIT” these laws. They use calculated words in Iraq. Pay attention to that translation.
If the Kurds are doing everything with the budget … that is activating many things for the monetary reform … and M is being a pain … but he can’t do anything …
because he’s neutered … but he now knows that they are coming after him to take him to court … to hang him.
The INVESTMENT LAW was passed a long time ago. It was amended 3 times. Why? To “SUIT” the conditions for the Investment Law … to grow the private sector and their economy. They have to get this done by October.
Oh no Frank … October? Ahhhh!!!! I don’t care about a date or rate … I care what they do.
Will the BONDS be ready by August the 1st?
Family, look at your notes. If they do it August the 1st – and the BONDS are out there … the domestic and international bonds are out there … how many days will you need? Do you know the rate? No.
Can you buy bonds? I don’t know how.
Can you? Add 30 to 45 days to it … and where are you? Is that a date or rate? Of course not.
That’s what they say their goals are.
Maliki … what are you going to do?
Will he go to Iran on an “un-announced visit?” Humm.
History repeats itself. Yes, it took 2 extra years because O wanted to keep a campaign promise.
Maliki finds a fox hole in Iran.
But just a minutes … we just made a deal with Iran. Of course we did. LOL!
Was that part of the “deal?”
I told you 3 weeks ago … I don’t care if you have no money (middle-east) … let me forgive your debt … from A to Greece … let’s make money together … we’re about ready to start this thing. There is no terrorism … everybody just wants to make money now.
Do you know what kind of hole Saddam was found in? It’s called a spider-hole – filled with spiders. Spiders take cover underground … it’s very hot on the sand.
Especially Camel Spiders I don’t know why I tell you that … yet. LOL!
Remove Maliki … this is getting deeper and deeper. M is the snake … he is the reason why we don’t have a monetary reform yet. He leads ISIS. Not anymore! LOL!
M was expected to RUN! Especially after what he said about the Kurds … he ran!
Perhaps parliament will sack M and remove him as Vice President. It’s called surgery.
It is possible that Masum (the President of the GOI) is no longer doing to try to help Maliki.
Last Friday … he picked up the phone and called Maliki … he said he was going to release him of his VP position … and M will be going to court. Maliki runs … and hides in Iran – mainly because Masum threatened to do things to him.
I think JJ found one article about it … guess who showed up? The whole contingency that used to support Maliki – hundreds of them showed up … and everyone was prepared to squeal against Maliki.
The monetary reform conditions are “SUITED” for it. End of Keyword.
Frank26: <<< PAY ATTENTION HERE >>> The RIDER is dealing with the surplus that the Kurds are producing from their oil fields. TA-DA!!!!
It was done with the RIDER … not with the rate. Everyone in the middle-east is hearing the rumor that the IQD will soon be 1-to-1 with the USD … despite the 17%. This is what the GOI does with the extra oil being pumped out of Kurdistan.
This is where these funds are coming from. And Turkey is helping to distribute these funds. 17% my foot. LOL!!!
The Kurds said that they will pump extra oil … and we don’t care about the relationship with SOMO. We respect SOMO. In fact, SOMO was there and they were not against this idea of the surplus being “RIDER’d” through OIL LAWS … that are hidden in an HCL of a 2015 budget. That’s what they do with the supply right now.
The RIDER is here! Say hello to it!
The RATE is not here … so don’t say hello to it … yet.
Baghdad, and the Kurds and this RIDER could be called a HANG-UP … could be called a DELAY … but a lot of things no longer are delays anymore.
OR … in my opinion … this RIDER being used now … is the “safety valve” that activates the HCL in the BUDGET!!!
The Kurds said that the HCL … they got no problems with it … and they’ve been saying that for a long time. Erbil agreement … Article 140 … etc. The HCL is being used with the Kurds right now to deal with the extra oil that they are shipping out … 100% of it.
Maybe we [Kurds] could respect Baghdad … (if they had a problem with it) … but they don’t have a problem with it now.
The environments are being are being “SUITED” so that the conditions are right for the monetary reform of the Iraqi Dinar are not only to continue but to come forth.
And it looks like it is coming forth with bonds. (Which we’ll get to in a minute).
Maliki refused to show up at his bosses request and his followers that he thought were there to support him, turned on him and are supporting Iraq and the GOI.
M doesn’t have any supporters … even suspenders.
The NEW coalition is forming right before our eyes.
The entire middle-east is united in getting rid of ISIS. This is fantastic!
The whole middle-east now looks like they are against terrorism! TA-DA-freakin’-DA!!!!
Trust. Brotherhood. This is what we needed to bring forth what we study.
Middle-eastern people are a beautiful human beings with a beautiful culture – which ISIS destroyed recently!
We are passing the baton because we hold the baton to raise the value of the IQD. We gave them the permission to do it. This is a masterpiece!
The country TURKEY … is helping … you know what they are doing with the surplus.
TURKEY is now allowing the use of their airbases … borders … but they are not a part of the coalition force.
Saudi Arabia is helping. They are not a part of the coalition force.
Israel is helping to combat terrorism in the middle-east. They are not a coalition country.
Libya is helping to fight ISIS … and they are not part of the coalition force.
Lebanon is helping to fight in the middle-east … and likewise, they are not part of the coalition force.
The whole middle-east is coming together … because they want to make money. They don’t want to fight anymore.
They are tired of fighting and they can see what is happening in Iraq.
Do you think anyone loves Iran? It’s a wonderful junk-yard – a place to dump stuff.
If Iran thinks they are going to have any proliferation … just wait until they try to buy the special ingredients (deuterium) … good luck. LOL! You can have all the recipes you want Iran … but if you don’t have the ingredients – LOL!!!
Iran doesn’t want terrorism. They want to grow. They want to advance … they are in union with the middle-east … and Iran is not a part of the coalition force.
A NEW coalition force is being formed in from of your eyes. There is a union. There is no gap! These middle-east countries once wanted to kill each other … but this UNION … is what they wanted … what the 12 want … what the USA wants … and ARAB VICTORY.
Religion glues the middle-east together … not politics!
If the United States fought the battles, then we would win … but we would lose the monetary reform.
But as soon as we left … the terrorism would return.
The unity of fighting together … against ISIS … their common enemy.
The middle-east … (in our opinion) … is ready for the monetary reform of the IQD … because the enemy … of my enemy … is my friend … today. Ta-Da-freakin’-Da!
This was the goal of SECURITY by the USA.
We now need to let this play out between now and August the 1st. I understand your concern about it – as a study.
Remember, the taxes and tariffs are connected with all of this.
If we see the taxes and tariffs … then we’re off to the races man!
If we see the bonds … are we off to the races? No. Actually the bonds are a mechanism of the monetary reform. The same was that the RIDER is a mechanism of the HCL.
That is the TARGET DATE of AUGUST 1st. That is what’s it’s all about.
The SECURITY today is for the banks of Iraq and for Dr. Shabibi and his monetary reform.
The RIDER is of the proud son … but if you try to figure out someone in the middle-east … the RIDER is the proud son … they will change their ways quicker than a Chameleon. We don’t want that. Trust me. We don’t want that.
iTeam wishes to talk to you family. Do you mind?
The leader of iTeam (Ghost) connected with us … basically said … “I am extremely bored.”
Frank: Is that good or bad?
Ghost -- “everything is fine … but I am bored.”
Frank: that’s it. LOL!
August the 1st --- since the security is progressing … we might as well go into Article 8 and lift the 3 zeros.
We have zero intel from iTeam … and that is HUGE intel!!!!!!! I never dreamed that we’d see iTeam ... in that loooooong line too.
The RIDER … in the hands of the proud son … I think that has has a lot to do with the fact that we have a lot of security.
Anything that goes past that 17% per day … that RIDER is going to take over and will boost the value of the dinar (in my opinion) and will go a lost faster from the RI to an RV. And it will go from an RI to an RV – and it’s only logical based on what they learned in Kuwait in the 90’s.
If the Kurds are using the RIDER in the HCL … then so is all of Iraq right now.
We are wanting to see (as a team) if the Providences that have been secured … will be turned over to their own governesses. (Like our 50 states).
We need to see these Providences go back … so that the banking structure … can be in order to take care of those Providences.
iTeam is not involved in that. iTeam is 100% HOORAH!!! 100% SECURITY … and they are bored?!!! COME ON!!!!!!
ISIS is also in that looooong line waiting now.
The DAWA party (Maliki’s party) is running like cockroaches from Maliki … and they’re bringing intel with them to our side.
We are securing the RIDING (writing) on the wall!
Ft. Britz? HOORAH!!!
All Army bases … HOORAH!!!
All JTACS … HOORAH!!!
Ft. Hood …. HOORAH!!!
All of these forts that house the JTAC members … which are increasing … most from Air Force … combined Army … Coast Guard … Marines!!! (We are so blessed).
The monetary reform is not waiting for security to form.
The DAWA party is now going to Abadi! How much more security do we need?
Saudi Arabia is not angry with Iraq. THIS IS REAL BIG!!! They are mad at Maliki.
SA is only in the middle between the battles of ISIS and the middle-east.
The Iranian Rial – they sure made a lot of deals with Iran. Humm. Nuclear proliferation's and Maliki? Humm.
Could they have made a deal with their currency?
Iran Rial – would you like to get in line? LOL
The GCC (Gulf Coast Currency) say’s yes.
Start studying the numbers of Iran. Find out about that 33.85 million.
It’s actually lower than the VND. And look what the VND is doing.
Check out the assets of Iran.
And you thought the only deal with Iran was their nuclear ambitions.
Iraq and the whole middle-east understands money. You can’t swindle them.
They are going about the MR to get their money.
Iran got SWIFT CODES … why would they get the same as what Iraq and Vietnam got? Humm.
Come on … Iran????!!!!!!!
Maybe the banks aren’t selling the Iranian Rial … because it’s only one of those kind-of “lists” … but let me ask you this. If it’s not activated … if it’s not used worldwide … why is it that Forbes has it listed?
Who in the world is trading the Iraqi Dinar, and the Iranian Rial – BECAUSE IT’S ON FOREX! Come on!
UNITY … UNION … TOGETHERNESS … COALITION … all of these countries that were not apart of the coalition … yet doing the work of a coalition.
Middle-eastern countries are not taking a gamble. This is not a calculated risk for them. They know very well where Maliki went … why a united Iraqi Army is united.Turkey went to NATO yesterday … unannounced.
I am very pleased with what we are seeing.
Even with the PKK … (militant Kurds) … even those guys are acting peaceful. That’s impressive.
Yesterday they took back a University in Ramadeen. When you find out what the university does with banks, you’ll be impressed.
They bombed the ____ out of this area.
Mosul does look like a quagmire --- but that dust is settling … and they are getting their stuff together.
You know how in the USA … our budget … we really don’t have a budget … so the “continuing resolution budget” limps from month-to-month … because we can pay our bills.
We think in our hearts that the $3 to $4 range is ridiculous … the 1-to-1 rate would be ideal.
Then Forex can take that 1-to-1 and put it into warp-speed to $3, $4 or whatever they want to do.
We are making tremendous progress in the coalition of the middle-east … including Israel.
For Israel to say they are against ISIS … that is a unity of purpose.
The world seems to support Iraq’s GOI
The BONDS … there will be domestic and international.
The citizens will love the domestic bonds … but at 1166 … do you think they will buy them? No!
The domestic bonds … if they are ready for purchase on August 1st – would you buy them? Of course your would because you can use IQD’s.
So … how are they going to do the ROI? They will pay that in USD. Why? In my opinion … the IQD will have got from a RI rate to an RV rate … something much more valuable.
Let’s see if we see the Taxes and Tariffs on August 1st -- BEFORE you sell any stikin’ bonds to anyone.
Why does a country sell bonds? To support their currency.
The GOI has launched the “operational side of the BUDGET!”
These are their ideas and goals.
1166 will not help them accomplish those huge goals.
Now Houston … (home of the CBI website) … we have a LAUNCH!!!
Sovereign bonds to be sold August 1st … and then on the 2nd thru the 31st … international bonds … all to be accomplished by … add 45 days to it … SEPTEMBER. WOW!!!! WOW!!!!!
I should end here … but I can’t say goodbye but I can’t do that until I talk about the concept of laws.
I divorced myself of those I gave names too …
Seeing these laws causes all of us to feel the same way.
Parliament amended these laws … laws that have been
This is being DONE … the RIDER is HAPPENING!!!!!!
Because we are now seeing the GOI very clearly … “the laws that have been (past tense) modified by agreement of the political blocks (minus Maliki) the National Guard Law is “THE LAW” now and the law of amnesty as well as other laws.”
Dear God – THANK YOU!!!!!!
This is a plethora of laws family … that are done! The new security and the GOI is … “MLESS!!!”
Tomorrow, Tuesday the 28th … maybe we will see a menu of these laws … because the anti-money laundering law works with the taxes and tariffs. This is HUGE!!!
But Frank … the BONDS … they are about to be sold at 1166 Frank!
Frank: Yes – that’s right. But … look at it this way . . . 3 . . . 2 . . . 1 . . . ignition! The BONDS have been waiting for anti-money laundering laws … from August 2nd to August 31st … sold in amounts of 2,500 … 10,000 … 50,000 and 100,000 and sold to you in USD. 2 BILLION BONDS will be sold over a certain period.
What is the rate they will sell these BONDS at?
But the program rate is 1166 …(which started at 1,400 or 1,500) … which has had some PIP moments along the way … and gained value along the way … and I remember when it was 1250.
Every time that number gets smaller and smaller … it gets us closer to a 1-to-1!!!
The monetary reform is right in front of your eyes!
They should sell them at 1166 – which is the program rate.
That’s a difference between 71 PIP’s … for the love of God … I just made a profit with the bonds … which is just what Dr. Shabibi wanted.
The international selling of 1095 … already needs Article 8th.
We’ve already launched … we are at 10,000 ft. So when do we get into orbit? We are getting there?
The international bond is the starting point to adding value … Article 8 compliant … from RI … to RV … to Forex.
1095 may just be an “entry price” – because bonds are always sold to the country’s currency rate. 71 PIP is a pretty far way if you ask me. So why not start with 1166? Because they want to reach a monetary reform of 1-to-1 with their currency.
The will give you 6.1% at maturity … (that is a dang good return) … paid in IQD or USD.
They sell international bonds … and return 6% two years later.
Many are willing to do this to help Dr. Shabibi with the monetary reform of the IQD.
Study … more at a quantum level. Get in there.
The GOI announces that the USD exchange #193The CBI has low price remittance
So … how do you like me now IMF … BIS … USA … WB.
And the World Bank – it the last 72 hours
POST #258 … the World Bank turns to Iraq … the crisis is no more.
You mean the lies that M said about Maliki … NO MORE!
IMF … you gave us the green-light … but how many firewalls do you want.
Raise the value … the conditions are now SUITED for it. I’ve always liked pin-striped.
The anti-laundering law will destroy terrorism!
Of all of the international … 3-letter institutions … they are all asking Iraq to get this in place by Sept/Oct.
In my opinion … the security … new coalitions … better prepared for Article 8 by then.
Let is see what happens on October the 1st … let us see what happens tomorrow … not for the date for you to exchange … but the timeframe of these laws.
POST #198 – it is long … it shows you what they are looking for. Read that.
3-letter agencies … (or 12) … Iraq wants you to know something … Iraq is telling you that literally every year for a few years now … Iraq has purchased over 70 tons of gold. How many more firewalls do you want. They alone proves the strength of the IQD and the monetary reform – and they don’t even need it. It is for the bank platforms.
All of these “terms” have been accomplished under the term with Dr. Abadi.
Now that many of you are in the 10th month of your labor … the LABOR law is next.
We need to continue to be strong in prayer for each other.
I’m so proud of our staff … handling questions.
This past week someone called me a “sheeple” – because our admins took down a post. We know that posts are personal – just like if you made a painting and someone took it down.
We have rules to follow on our forum – and we apologize if that hurts your feelings … because maybe you didn’t know.
99.9999% of the time our admins take down a post, it’s because our admins are doing it to protect myself and my wife.
August the 1st is just around the corner.
It is possible … (Aug 1st to 31st) - they may get in the mood to sell these bonds.
If they do sell the bonds … it won’t be at a program rate.
Give them time to do that.
When they sell bonds – it’s a private thing.
I’m curious to see if 1095 is a rate.
We’ll make calls … we’ll find out.
If those bonds are at 1095 … and they are sold “internationally” – hummm.
No wonder iTeam is bored. That’s not their job. Their job has been accomplished … months ago.
Thank you for being with us.
Call ended in prayer. Comment
7-27-15 BGG: Article: "World Bank gives Iraq two months to approve the anti-money laundering law" I mean HOLY MOLY! Basically the WB is giving them 2 months to get this done - Or else I would imagine they know Maliki is the central figure in this problem (money laundering - via the CBI). All I can say is SHAZAAM!! If there were ever pressure on Iraq and the CBI - it is now. BGG Blog
7-27-15 BULLDOG75: Many of the markets make no sense but we knew the markets would wobble; that has begun.
Let’s think positive but not avoid the obvious. There is a '$273 TRILLION Derivatives Bubble'.
Of the 50 safest banks in the world, only 5 are in the US. The best in the US is ranked only 39 out of the 50. The USD is near its apex. Gold is at its nearest low. The GCR will probably reverse that.
An Iraq RV is imminent. The planet finances are beckoning the obvious. Here comes the GCR with probable $5,000 gold, $250 Silver and a BRICS driven RMB reserve currency.
Prepare and buckle up. The financial wind currents are getting stronger by the day.
History does repeat itself though in different forms. Man thinks his future is 1.power and 2.money though the Alpha and Omega rules.
The GCR is about a gold/silver reset, yes... for they are currencies. The gold is almost cornered in the East; thus our GCR. I Love You All. Comment
7-27-15 BGG: Welcome to dinarupdates.com for News Time with Millionday!!! BGG filling in today!
BGG: Alright - everything I'm going to cover comes out of the "Current Iraq NEWS" Forum...
BGG: If you all haven't seen the new format - IT IS AWESOME. Check it out.
BGG: Each article is separate and open for comments.
BGG: Also much easier to browse and "search"...
BGG: and before I move on - to our News Hounds, posters, and editors (we could use a couple more) THANK YOU - It looks GREAT!!
BGG: like LOOP said the other nite - this is IT in Dinar Land.
BGG: In no particular order...
BGG: World Bank gives Iraq two months to approve the anti-money laundering law
BGG: BAGHDAD / WAP / detection for economic and investment commission parliamentary member Ahmed Kanani, Monday, for the granting of the World Bank and international financial institutions Other, Iraq until next October as the date for the adoption of anti-money laundering law.
BGG: He warned Kanani said in a press statement News Agency Baghdad International / WAP / received a copy of it, "of the consequences of delays in the House of Representatives to pass anti-money laundering law and the financing of terrorism, which did not receive attention of the Presidium of the parliament."
He said that "Parliament did not pay so far significance required for this bio-law, which depends upon the continued continue Iraq economically with the outer perimeter and the focus of the Chamber of Deputies on the minor issues."
BGG: He added that "Iraq would be included in the black list countries in economic deal and cash other than lack of enactment of this law, the measure would eliminate the purchasing power of the Iraqi dinar and put the bank CBI into a corner makes him isolated from the world organization."
Among Kanani said that "the time limit was left of which only about two months and the Chairman of the House of Representatives that included law on the agenda for the nearest session, but will be responsible for the punitive economic measures to be taken by the world against Iraq." / finished 8
BGG: Are you seeing this???
BGG: I mean HOLY MOLY!!
BGG: Basically the WB is giving them 2 months to get this done - Or else.
BGG: First off - what's up with the "or else" tone?? Yikes...
BGG: it also portrays the WB has been assuming this would have been handled by now - pretty much guarantee this is the hold-up behind the various "aid packages" and loans.
BGG: also - I would imagine they know Maliki is the central figure in this problem.
BGG: (money laundering - via the CBI)
BGG: Just some of the "threatened" consequences...
BGG: Iraq would be included in the black list countries in economic deal and cash other than lack of enactment of this law
BGG: the measure would eliminate the purchasing power of the Iraqi dinar...
BGG: and put the bank CBI into a corner makes him isolated from the world organization."
BGG: but [Parliament] will be responsible for the punitive economic measures to be taken by the world against Iraq."
BGG: All I can say is SHAZAAM!!
BGG: if there were ever pressure on Iraq and the CBI - it is now...
BGG: all of the above in print and in the "Current Iraq NEWS" forum - DinarUpdates.com
jtank: strings attached
BGG jtank: of course - haven't I been saying that ALL ALONG???
BGG jtank: hate to say "I told you so..."
BGG jtank: but I did
Doodle Brain: Where is the Anti-money laundering law in Parliament? Has it been read once already? My memory fails me right now...
BGG: Not sure it's even been read...
BGG: but the WB is pointing out - Iraq isn't taking this seriously.
Doodle Brain: They are definitely putting the pressure one, that's for sure!
BGG: They need to - big time. The jokers behind the scenes getting paid (and can't leave the trough) are about to make the "BIG DOGS" not very happy.
jtank: they have been kicking the can on these laws for awhile now--what are they going to change to make it happen--removal of key persons?
BGG jtank: IMHO - yes... also what the WB is implying. They really need these "bad actors" dealt with - apparently, the "fuse is lit". 2 mos.
diagyAAAE: NOT your quote, it's from My Ladies.... "The bank said it "will sell that amount in Iraqi dinars and the price of 1095 dinars per dollar..."
OFF topic but is this an intro rate to the intl market? Intl Bonds?
diagyAAAE: "The central bank announced on Sunday his intention to put up bonds...
BGG diagyAAAE: no - that appears to be a "bond maturity price"... not even sure it is official...
BGG diagyAAAE: in the end, those are sovereign bonds anyway - not the international bonds. They are most likely being bought up by the CBI (with reserves).
BGG diagyAAAE: all off the top of my head.
BGG diagyAAAE: (which means I could be wrong on any or all points)
Doodle Brain: Found article, will post in Forum...written 7-21-15...here is opening of article "Iraq is stepping up efforts to curb money laundering and terrorism financing.
Iraq's parliament is expected to soon endorse a new law that aims to combat money laundering and terrorism financing, the government's economic adviser said.
Mazhar Mohammad Saleh told TR Zawya that the draft law, which was approved by the cabinet in June, would be more inclusive than a 2004 law that was drawn up by the Coalition Provisional Authority. He said the new law would cover tax evasion, smuggling of antiquities and cash as well as corruption."
Doodle Brain: doesn't mean it was read through...but just wanted to share that there is "noise".
BGG Doodle Brain: apparently - according to the WB - they need to "Step up FASTER"... or they get the "black ball treatment"...
wilson6060: Do we know what will happen if they do not meet the deadline.
BGG wilson6060: they laid out several very bad options in the article.
BGG wilson6060: Will they - I doubt it. I imagine Iraq will get the message.
BGG wilson6060: that is a serious threat.
tman23: Go ahead with the grand opening of bond sales......it should be a huge success with investors breaking down the doors to purchase....LOL......
And it appears that the laws would more less be amendments to existing, which would IMO be a precursor per se' that the sanctions on Iran are not by-passed by the Iranian supporters inside the GOI/CBI.......
And is it coincidental that Oct 1st is the day EVERYTHING begins.....Nuke agreement......and some countries beginning trade bypassing using the usd.
BGG: Thanks BGG: OK - lets cover some more news.
BGG: The current time is right to delete the three zeroes from the local currency
BGG: BAGHDAD / Nina / called a former member of the Finance Committee secretary Hadi al-Yasiri, the central bank to speed up the application of the project to delete the zeros and make it parallel with the money, which began shortly before laundering law.
BGG: Yasiri said the National Iraqi News Agency / Nina / that "the project to delete the zeros old project was supposed enacted and implemented years ago, but some economic matters has affected negatively on the approval, stressing that" the market work and the issue of external and internal debt and the work of the Iraqi Stock Exchange are all related to the deletion of zeros and must Coordination with the government to have the project ready for implementation."
BGG: He added, "The current time is right to implement the project to delete the zeros to be parallel to the process of money laundering and controlling money smuggling operation abroad, adding that" money laundering and smuggling abroad adversely affect the price of the dinar, and a lot of private banks are benefiting from the price difference between the central bank and the market price."
BGG: The Council of Ministers in the previous session postponed the application of the decision to delete the zeros from the current currency, without specifying a time limit before they resume the parliamentary finance committee and the central bank steps discuss implementation of the resolution at the current session on the 2016 early next year, will be introduced in principle ./anthy8
BGG: Here are a few things to think about...
BGG: Hadi al-Yasiri while maybe not a current Finance Committee member - was on the Finance Committee Chaired by ABADI.
BGG: and while he may not be a "current decision maker" as Kap pointed out - this is the "other side of the ALAK argument" - and they are talking about it with growing regularity.
BGG: al-Yasiri pointed out this was supposed to have been done LONG AGO. I guess there was a reason some of our thoughts didn't work out quite right.
BGG: he says the Market (likely referring to the move to a free market), internal and external debt and the ISX all relate to this project... and the GOI needs to get it in gear.
BGG: the time is now...
BGG: and oddly enough - points out the VERY THING THE WB is saying...
BGG: this project and the money laundering need handled at the same time...
BGG: as I have said often - likely Maliki and that bunch are at the center of this conflict. Any better reason for Maliki's guards to have broken into the CBI and torched one whole floor (records only) earlier during Shabibi's tenure??
BGG: the last paragraph just "wanders off" about how the current CBI is/has been putting things off... (all predicated on them even being in the position to do so much longer).
BGG: OK - big report...
Doodle Brain: love the timing of both articles...
BGG: This article and the WB article coming out within days is MOST CURIOUS.
da58: shouldn't these new national cards - eliminate a ton of the laundering.. not quite sure how much.. ? thoughts?
BGG da58: the national card is a ID card only - nothing to do with money laundering.
da58: oh really? misunderstood that one.. thx
BGG da58: Smart Card - Qi Card are the ones you are thinking of...
bluedog: Isn't Al-Alak directly tied to Maliki?
BGG bluedog: You got it!!
BGG bluedog: Maliki goes - Alak probably doesn't last long either.
BGG bluedog: and Chalibi JUST CAN'T WAIT.
BGG bluedog: he's a powerful Committee chair.
bluedog: what would be the point of bring Maliki before International court if his assistants aren't drug out with him?
BGG bluedog: they won't have to - once Maliki is under that constraint - Alak will have very little support.
BGG bluedog: Obviously the WB is telling Iraq to get him under control.
jtank: Have a dead line for HCL--anything?
BGG jtank: don't think so.
viacuda: I don't get it. Maliki appointed Alak when he was PM, why cant Abadi just do the same?
BGG viacuda: Maliki still has considerable influence. He has been playing "the obstructionist" up until now... why do you think he appointed Alak right before they ousted him from power??
BGG viacuda: he knew he didn't have to hold the PM spot to control the country. Just the CBI...
viacuda: I agree, but what would be the repercussions of Abadi doing the same?
BGG viacuda: I do not know - I suspect that when he can - he will.
R&R: Didn't Abadi just maybe a month or two ago pass a resolution within the Council of Ministers stating that the CBI would be fully recognized by the council as totally independent from influence by any other branches of gov't? And wouldn't that alleviate the "influence" problem that viacuda referenced? Thanks BGG...
BGG R&R: Obviously such a measure was "hollow" considering who was running the CBI..
BGG R&R: Alak was Maliki''s Sec Gen of the previous CoM for 7 years??
BGG R&R: and noted for his "economic nincompoopery"
BGG R&R: every time he shows up to Abadi or the Finance Committee he is busy with some "jibberish two-step" trying to convince them of some "new plan" he has...
R&R: LOL..That makes sense....basically need to see a change at the top , though the measure passed by the CoM was for good reason. Thanks sir... :-)
R&R: Top being the CBi, of course...
BGG Shabibi didn't have to convince anyone of anything - he spoke - they listened. The reason Maliki disliked him is Shabibi had a plan for Iraq and the people. Maliki had a plan for Maliki.
CanTWaitwoRV: Hi BGG...this quote.... "speed up the application of the project to delete the zeros and make it parallel with the money"
CanTWaitwoRV: "parallel to the money"...hmm what money? The USD?
BGG CanTWaitwoRV: finishing it helps...
CanTWaitwoRV: 1 to 1 parallel I'd take it
diagyAAAE: I dont think it's referring to a rate
BGG CanTWaitwoRV: which began shortly before laundering law. - I think it's talking more about the money laundering law (in context)
CanTWaitwoRV BGG: ah thought it was the delete the zeros article nm
CanTWaitwoRV BGG: deenar gogglez on a Monday
BGG CanTWaitwoRV: but I'll take your view on it RIGHT NOW.
BGG CanTWaitwoRV: delete the zeros - in conjunction with the WB insisting they fix the corrupt nature of the CBI.
BGG CanTWaitwoRV: OK gang - tune in for News Time tonight and I'll cover a bunch more news we didn't get to this time around
BGG: See you all at 7:30pm EST for News Time!!
7-27-15 OOTW: [In your opinion...what do you see/believe has to be done for an rv to even have a chance of becoming reality?] MY PERSONAL FEELING IS, THE CLOSER WE GET TO 2016 AND IRAQ'S WTO CONSULTATION, THE BETTER WE'LL BE LIKELY TO SEE SOME KIND OF MOVEMENT IN THE VALUE. BUT...THEY'RE UNDER A LOT OF PRESSURE.
[In your thoughts...what’s lacking?] THEY HAVE A WAYS TO GO, BUT REMEMBER WE'RE ONLY FOUR MONTHS AWAY FROM THE BEGINNING OF THE YEAR. REMEMBER JOBOURI WAS GIVEN THE GREEN LIGHT BY THE PRESIDENT, MASSUM, TO PASS LAWS AS HE NEEDS TO.
[You believe by the end of the year?] WE ARE MAKING VERY STRONG PROGRESS. I BELIEVE BETWEEN JANUARY AND APRIL OF 2016 - OF COURSE, THIS DEPENDS ON THE TARIFF'S GOING INTO EFFECT, AND HOW CAN THEY ADD THAT FINANCIAL BURDEN TO PEOPLE WITHOUT GIVING THEM PURCHASING POWER.
WE SAW A VIDEO PRESS RELEASE A FEW MONTHS AGO, INDICATING THAT THE 50K NOTE WAS GOING TO BE WORTH 100.00. THAT'S EFFECTIVELY DOUBLE THE VALUE OF THE DINAR, CURRENTLY. THEY COULD ACTUALLY DO THAT, TO SHOW THE WTO THEY'RE ADDING PURCHASING POWER, AND THEN AS THEY NEAR THEIR MEETING AND THE PRIVATE SECTOR GETS FURTHER ALONG, WE COULD SEE A NOTICEABLE INCREASE AS THEY NEAR THEIR MEETING WITH THE WTO.
FOR ME, THIS IS A WORSE CASE SCENARIO BUT I PREFER TO PREPARE FOR THE WORST AND HOPE FOR THE BEST. IF THEY CAME OUT VERY LOW...DOUBLE THE VALUE OF THE DINAR...I WOULD THINK SPECULATORS WOULD RUN RAMPANT, SCOOPING UP DINAR. THEY COULD COME OUT LOW AND THEN IT COULD BUMP UP NOTICEABLY IN A SHORT AMOUNT OF TIME...THERE ARE MANY OPTIONS. Comment
Frank26: We have learned much .......... i wish to share with You ........ A Rider.
It's time to do so iMO. Join me on Your MONDAY CC
Robdel: » July 27th, 2015, Frank, Rider on the Storm.........
If I recall correctly, this rider is a special provision that applies to the exchange rate of the IQD. Is this correct?
If so, before they can use the rider don't they need to have let their currency move to an RI or something better than 1166? Blessings, Robdel
It is in the 2015 Budget for The HCL.
Love You. KTFA Frank.......... You best come to Your CC tonight...... i have a lot to esplain LUCY !!!
7-27-15 Mnt Goat: Hello Everyone. Earlier in the week I referenced a window approaching for a possible RV opportunity coming close at hand. Well it’s now here and everything is looking fantastic.
I recommend everyone to go out to my news letter dated 7/22 (LINK) if you have a chance and read it first prior to diving into today’s news.
Today is Monday July 27th and still no RV, and this also includes Kurdistan….lol…... No surprise to me!
I will try to make this news letter very short since I need to get right to the point of what is happening in Iraq.
So as I have told you many times already each week the CBI, GOI, IMF and the USA (and any other countries that would like to attend) hold a meeting to discuss IQD currency reform (as well as other issues). In last week’s meeting they discussed allowing the project to delete the zeros to progress but conditionally on getting the Amnesty bill passed and payouts on HCL to the citizens. This is not rumor but FACTUAL.
So as a result of this meeting finally then on Thursday 7/23 the Amnesty bill was signed off by the Council of Ministers (cabinet of the prime minister) and sent over to parliament for discussion and a final vote.
It was thought they could expedite this bill since they now have a new legislative short-cut process for such occasions if house leader al-Jabouri wishes to use it and parliament agrees. This new process means that parliament can discuss a bill and vote on it during the same session essentially bypassing the constitutional requirement for the necessary two readings and go directly to a vote. This is of course a temporary measure implemented to help get them out of this financial mess and security crisis.
The question now is will they use this new process? The hope was that this final vote on Amnesty would have been taken on last Thursday 7/23 or Friday 7/24. However parliament decided to take a short recess until meeting again on Monday and the vote had to be delayed. So lots could happen this week.
You might be saying to yourself right now – How dare they take a recess at a time like this? Am I correct?
Personally I believe that al-Jubouri allowed this recess so they can have time to read the bill and hash out any differences over the weekend - prior to Monday’s session. As you may know it is a controversial bill since it will take away Amnesty from any citizen who has spilled Iraq blood (including politicians). You can see how this will effect Maliki and his goons. It will also release many of the political prisoners, whom are strong opponents of the Dowa party and the radical Sheite militias.
So what I was told over the weekend is that the distribution of the lower denominations depends on the passing of the Amnesty bill. This is why I believe it may in fact get passed this week and we might see our lower denoms distributed OFFICIALLY throughout ALL THE PROVINCES. Why do I emphasis the word officially? I emphasize it because some of the lower denominations are in fact out on the street already. Some of the ATMs were loaded and went online last week. People began to withdraw cash using their Ki-cards. This was soon discovered and quickly shut down. Also some of the smaller bank branches (such as in Kurdistan) were sent notices that the new currency would be activated last week and so they too began to distribute them as customers conducted daily transactions. They felt they were only following instructions. Then later in the week the process was stopped for failure to push through the Amnesty bill.
We all should know what this means…right? The rate has to change in order to do this move. The rate did not change and so the process once again came to a halt last week. We wait to see what happens this week.
Last week I also presented you with an article statement from the head of the finance ministry and they told us at that time it was “URGENT” and “THE BEST POSSIBLE TIME” now to complete the process to delete the zeros from the currency (or drop the larger 3 zero notes, the provisional currency).
It is the feeling too of many economists in Iraq that this IS THE ONLY SOLUTION to getting them out of their financial crisis. So they don’t really have a choice. We also now see their currency rate fluctuating wildly as of lately lately and this is not good or helping to solve this crisis. The IMF is also strongly suggesting now it the time.
I also strongly believe they will be paying out oil royalties too on these new National (or Unified) cards this week. We have seen a couple articles telling us why they have been late in this process. They said this was due to getting the necessary electronic equipment setup and installed for the process in many of the provinces. This equipment is used to produce and process the cards.
Once again I will add to be careful and do not confuse these cards - Ki-Cards vs National Cards. Both are SMART cards but they want to combine the govt social programs payments (as on the Ki- Cards), on the National cards with the oil royalties and identification card all on one handy card. This is the card we all have been waiting so long for. They wanted to complete this for the August timeframe of payouts for the social programs.
I feel that all the provinces may not get paid oil royalties this week (in fact I am sure of it) but the beginning of the process will show to the IMF and the USA they are making good on the HCL law to distribute these funds to help the people instead of just making the fat politicians even fatter (with their huge salaries and perks). I have told you all along this is something that is NECESSARY to see any RV. We will witness this very soon.
So this brings me to yet another topic. The article relating to the reduction of salaries. Did you read that article?
Below you will find the article and let me now explain it. This is part of the scaling down process of the Iraqi government and showing solidarity to the people that the government can standardize wages and stop the unfair favoritism in the political process. Iraq is trying to institute a government pay scale that allows for fairness and equality according to a standardized pay scale (much like in Germany and the USA) and not like from the previous two administrations as it was based on favoritism and bribes. In other words they are still cleaning up the corruption and mess left behind from Nori al-Maliki.
So please do not read into this issue, it is simple and has ABSOLUTELY NOTHING to do with the RV or impacts the RV in any way. Again many gurus have made a pound of intel from an ounce of truth over this announcement and are using it to hype you up.
BAGHDAD / Sky Press: Faleh Hussein considered the parliamentary finance committee, on Thursday, the money to be provided by officials of the decision to reduce the salaries are not worth anything compared to the size of financial corruption and waste of public money in the state, noting that the parliament will hold its next Saturday to discuss the decision.
He said the Commission's decision Ahmed Hamma Rashid for "Sky Press," "The House of Representatives its meeting held on Saturday to discuss the Cabinet's recent decision to reduce the three presidencies and the salaries of officials," adding that "so far, the decision is known in terms of reduction in salaries or rate allocations, and this needs to be a thorough study and discussion between the Council of Ministers and the House of Representatives."
The money that would accrue decision to reduce the salaries are "not worth anything for the financial corruption rampant in most government departments and wastage of public funds by officials," calling to fight financial corruption to reduce the waste of money.
The Council of Ministers approved in its meeting last Tuesday to reduce the salaries of the three presidencies and officials allocations by 50%.
My next guess is that also very soon we will see this infamous “basket” of laws being announced since they are all inter-connected together and must be implemented all at once to make any sense.
We are in the last week of July already and so it is also time for the GOI (Abadi’s cabinet) to make their reports to parliament on the progress of forming the government Unification efforts. Did you notice they have been doing this once a month now since October 2014. I told you about this in my past news letters too. I even presented you with past minutes for this meeting.
Something many may not also know is Dr. Ayad Allawi is really becoming impatient about Abadi in not being able to get these needed laws passed. So with this report card timeframe coming this week he is going to suggest (hammer down on) that Abadi be replaced with another leader who can complete the job. His most outspoken complaint is of course the lack of officially appointing his as head of the Federation Council thus completing this council and meeting yet another constitutional requirement. In the back of our minds don’t panic since we all know this will not happen. Abadi will remain as prime minister and Allawi will get what he needs.
Will this report card meeting get very negative? I doubt it since Abadi knows he must announce these laws, get Amnesty passed, pay these oil revenues and complete this currency reform process (he has promised also as part of forming the government back in 2014) and he does not want to rock the boat any more than he has to. This meeting is actually good since it will put yet more pressure on Abadi and GOI to get the job done.
Where is Dr Shabibi?
I’d like to address questions from many regarding Dr Shabibi and his current role. I know for a fact that Dr. Shabibi is still in a consultation mode with Iraq. I presented articles to you in the past on this topic.
Remember this is his country too and he has worked with Iraq in some capacity for a very long time. He is more than willing to assist but he has also stated he can not help Iraq with financial matters to his greatest capacity unless they are willing to advocate the current proxy governor of the CBI and allow him to return to his position, as head of the CBI. He no longer wishes to work just behind the scenes having many of his recommendations ignored.
In other words he needs to be officially placed back in to his rightful position with full authority and without interference from the GOI to do run the CBI. This was a condition he set upon the GOI if he was to return. As you may know Abadi has asked him to return and this was his response to his request. To date nothing more has come of it. We still wait for his return. We do know Dr Shabibi has returned to Iraq.
Status of Maliki
We all should know by now the statements made by Maliki about Saudi Arabia. Seems this might be the icing on the cake that will speed up his demise.
Khalil al-Dulaimi, head of the international legal body Maliki's comments and said, "We condemn and deplore the people of Iraq and the strength of national reject the occupation and for each secretions illegal, statements provocative to Nuri al-Maliki, which attacked the Kingdom of Saudi Arabia and Maatertb for these serious irresponsible and provocative of abuse of a country with a weight and weight statements in the Islamic and international arenas, and even beyond those abuses and statements expressing the same sectarian hate and patient, than to provoke the feelings of all Arabs and Muslims, "he added," these statements that represent incitement clear on terrorism and a threat to the Islamic Arab, regional and international security and directly threatens international peace and security, especially since Shiite militias terrorist extremist in Iraq leaders such as confident Battat already threatened to bomb and invade the territory of the Kingdom in the light of the sectarian incitement continued to the owners when he was president of the Government of Iraq at a time when Saudi Arabia has repeatedly declared that it is against extremism and terrorism and embodied that reality on the ground."
"that the people of Iraq and its national strength rejects and strongly condemns such irresponsible statements, and at the same time we announce the formation of an international body composed of senior international lawyers to prosecute and sue al-Maliki for having committed serious international crimes”.
Peace and Luv To Ya All. Comment
7-27-15 TNT DINAR CC (Notes by Adept1):
Replay 605.562.3179, PIN CODE 409029#
Tony: Good morning, TNT! Today is Monday, July 27, 2015. It was a long, long weekend. Mine was probably longer than yours because I was getting more information. I will go through the weekend with you and tell you where we are now. All good news…
Friday after the call, everybody was called in and told to be on standby, because this was going to happen Friday night. They were called in two hours early on Friday morning. On Saturday the memos went out, they brought everyone in, and told everyone it would go 4pm EST, 1pm EST. They kept them there until 7 on Saturday night, then sent them home saying it wasn’t happening. They are just as frustrated as we are. On Sunday they had everyone on standby, no more than 15 minutes from the office, for release at 3pm on Sunday. Everyone was ready to go, but we are still here.
They did this all weekend, and they are still being told this could go any minute. Let me see if a memo went out this morning. There was no memo today, but there probably will be one after this call. But everything is good.
Over in Iraq, there have been no memos, and we here that they are highly upset and gathering in the streets as of an hour ago. They are tired of being told every day that this is going to happen. We know it’s close as it’s ever been; they are moving people around the world to get this done. We know it has to be done bu1. August, when they are cutting their salaries and the terrorists have to be out. Also, there are new taxes on cars, travel, property, cell phones – those all start on the first of August. They cannot do this on their existing monetary system. The bonds are supposed to go on the 2nd, the day after the RV goes international. These are all dates that are set, that they are telling the people.
We do know that they will change the dates in a heartbeat, so don’t bet the farm on it. Until it actually happens, this is what they are telling the people. There are 31 days in July; it’s four days until 1. August. I think it’s good. They are announcing this to Iraq and to the world, and someday they are going to have to stick to what they say. Our banks are pushing for this like crazy. They are tired of putting their people on standby.
That’s where we are at. They are still trying to do it, they had people on standby all weekend, and it could happen right now… today, tomorrow, tonight. A lot of people think that it will happen tomorrow. I could have told you to look for it after the markets close last Friday, but I said between today and the first, when all their new laws and salary cuts go into effect. I don’t remember what day they sent out their pay, because they might wait for that. They did say that they would have regular pay days from August. So that is the news..
707 caller: There has been discussion about the 100 trillion zim being the only ones that will be exchanged. If you have 100 trillion note and a 10 trillion note, will the 10 trillion note be wastepaper? I just bought some more with a 10 trillion note bonus.
Tony: The person I talked to said 50 Ts and 100 Ts, but it’s possible that over 100 trillion they will take 10s as well. We don’t know.
Caller: Do you know anything about the bond prices?
Tony: I’m not involved in any of the bond deals at all. Some people say that they are tied together, and I heard that the bonds will come out by the 2nd August. That’s all I know.
508 caller: Do you know what is going on with the reserve companies?
Tony: I haven’t heard one thing about that. I haven’t been trying to look into that because I don’t think there will be a revolution about that. There will be options afterwards, and with the amount of money involved, I imagine people will be taking action.
Caller: Vegas, Vegas, Vegas! Tomorrow is our RV day!
828 caller: When people keep getting called in, I imagine they must be told this by Abadi or people closer to Abadi. Who is sending out the ‘get ready’ and ‘no, we’re not doing it’ word? Is it Abadi or someone/something behind the scenes…
Tony: We are getting from our banking sources. On Saturday, all the branch managers and wealth managers were called in saying that this was happening at 3pm EST. I don’t know who they are getting their memos from. We get those memos from Iraq and from several different banks sources. When they all come out with the same time, at least everyone is on the same page, and when it doesn’t happen, it doesn’t happen. My under-standing right now is that the US is pushing for this. I don’t know if it’s Abadi, Shabibi, or the IMF is doing this. I know they planned on having all this BY the first of August. If there is someone behind the scenes, they would never let us know until afterwards.
478 caller: What is happening in Kurdistan?
Tony: I haven’t heard anything about Kurdistan. Like every other ME country, they are waiting for Iraq so t hey all can be rich together.
404 caller: What impact is the Asian market having on the RV process? China markets were down 8-9% and the US markets are down as well.
Tony: There isn’t any global event I know of why they couldn’t do it last night. We made phone calls, couldn’t get through to Iraq, and they didn’t have anything in the mosques this morning. They are super-quiet, and the more they do that, the closer we are to this taking place. They don’t’ want to do it in a down market, so I expect to see the markets going up. China was pushing very hard for this last week, so…
Caller: We heard a rumor of the dinar going to 1095 this morning. Also, I heard that Iraq was given two months to approve the anti-money-laundering law. Does that have an impact on the revaluation.
Tony: So far as I know the money laundering laws were passed months ago. I believe that they are doing the final reading on the other laws today/tonight.
Caller: I heard a rumor that Iraqis were celebrating on Saturday night; what’s that about?
Tony: I don’t’ know anything about that. They are in the streets now because this hasn’t happened yet.
863 caller: Super-excited about everything today. There is news of some kind of bonds been sold at 1026, between the 2nd and 16th of August for 16-month bonds. If they are selling at that rate, how can they do a revaluation of rates during that time?
Tony: I think they will revalue the rates on those bonds as well. If they are advertising those bonds, they have to give the current rate, not the rate it will be in the future. But the can adjust those rates accordingly.
I haven’t asked about the rates: I think the dong rate was 46 cents over the weekend; it was $2+ at some place, but that might be the contract rate to run the system. The dinar went to $3.91 to $4.21 on Saturday. I know about where the rate will be, I want to know when it will be. It’s 1.08 for the rupiah, and 11 cents for the zim – that’s what is supposed to happen, but anything can happen.
Caller: Is there any reason for the volatility of the dong?
Tony: I think they might be showing the international rates in some systems and the contract rate for the dong in others. There are definitely contract rates still available.
252 caller: When people were being paid at the high rates at the beginning of last year, how would that change for those people if we get the international rate?
Tony: They will get the rate that was agreed with them at that time, regardless of the international rate. Some of us may get those contract rates as well.
Caller: One of my friends worked a Wells Fargo, and then she changed banks. [Can’t understand this caller] WF is still saying they will not have anything to do with the dinar. She doesn’t want to exchange with them because they told her No.
Tony: I know people at WF who are involved in this process, and they signed NDAs saying they wouldn’t buy dinar, and all their family members bought dinar. If your friend can’t buy dinar, then she can have her family buy some. And if she is no longer at WF, she can buy some herself, I would think.
219 caller: I have a little story. I called my attorney asking if they freeze accounts if too many people have currency. She asked me all these questions and when I mentioned your name, she sent me about ten emails about fraud and scam, and “how much did he charge you, and how much does the website cost?” She was trying to pull out as much negative information as possible, and I said, “Tony didn’t say that”, and she kept saying “he’s lying”.
Tony: You aren’t the first to have that kind of story. We have 25,000+ on the call. The fastest way to get any information throughout dinarland is to say “Tony said…” when I didn’t send it out and I don’t even know these people.
Caller: The last you said, Zim will lose six zeros, and I’ve heard elsewhere it might lose ten zeros.
Tony: They have been saying six zeroes for a while, and on Saturday it showed up at four cents. I’ve also seen 11 cents on the screens.
Caller: After this goes, and after our tithes and offerings, I want to support organizations that are helping teenagers.
Tony: After our call on Friday, I saw on Yahoo that a guy left a $2,000 tip, and I thought, “Someone got their dinar money!” I saw another one on Saturday. It’s great to see that and I still want to see OUR day, a day that we all give people $1,000 tips. It would be great to be part of that.
512 caller: All my questions were answered. [Appreciation] I just want this to happen. Vegas, Vegas, Vegas!
770 caller: Since we’ve been having this Round Robin, and I know you cannot pull the trigger, where do we the people have any leverage apart from absorbing the information? What can we do to at least to be treated fairly?
Tony: Our information is that we are going to be involve din the process, and a percentage of us will get contract rates, and ALL of us will get international rates. “We are the people” started up because we were going to be cut out completely. Then we were going to get the $3 rate, and we said that was not fair when some people got $20-30 rates. So it was agreed that part of dinarland will get contract rates. It was never our job to force our government to do something they didn’t want to do or at a time they couldn’t do it. If we could have, it might have affected our economy and 350 million people who don’t even know about dinar. The purpose of that campaign was to keep us involved and receiving a fair share. The word that came back is that we had a place at the table, and I said ‘Okay’. The cost of that was ME, with a whole bunch of personal sacrifice. There are a lot of people who know my name that I never wanted to know my name. There are other people in Washington who stood up for us saying “that’s not right” for us to be excluded. Everyone will get something. It was NEVER our position to force the government to do something they don’t want to do. We funded Iraq over the last 10-12 years, to keep their economy running, and we will get something in return. The main thing is the Iraqi people, who suffered a lot more than we have, and it’s their country.
Caller: We’re not talking about what they do over there, but what they do over here.
Tony: I never said it was fair. Position has its privileges, like it or not. We can’t fight something right now. You need to pick your battles, and now is not the time, so close to our time. Everyone’s agreeable right now; let’s just get this done. I can’t worry about the past, I have to look to what I’m doing in the future. If they don’t live up to the agreement, if we don’t get a look-in, then we’ll think again. But it’s so close now, we don’t want to mess with it and maybe put it off for another year. I heard that more people will get the contract rate than I ever expected! I know people are getting paid, I know what the banking people are doing, so I know they are planning on doing it. If they don’t do it, we’ll worry about it then. But I can’t worry about that unless/until it doesn’t happen. We’ll still be here, with the sites and emails and calls. I’m ready to go to Vegas tomorrow!
602 caller: What symbol are they using for the zim? Is it ZWN? What about the salaries – do they get paid on the first? I heard a rumor that they get paid on the 10th.
Tony: Yes, it’s ZWN. Pam says it’s ZWR for the 2008, series AA. I don’t know what their payday is… could be the first, second, fifth – there is no set time. They say they will have regular paydays starting in August, but I don’t know which day. When we find out, that will give us the information we need. They are saying that the taxes and tariffs come in the first of August.
Caller: I want to do the Christmas in July thing, that would be a great way to do the thousand-dollar tip. Vegas, Vegas, Vegas! And I hope it goes tomorrow, too.
615 caller: I waited since 1am, and got kicked off at 9.30am. [Appreciation] It takes a lot to put this together and stick with it. My friend and I have been in this since 2003, and we saw Kuwait, so we could share things with you about people who have come and gone. [more of the same] This thing is real. There was a time when we thought seven cents would be a really good deal. I’m blown away at how high the rates have gone. When you buy something for a tenth of a penny and it comes out a thousand times higher, that is great. I have two questions: has the US government defined this as a currency exchange? If so, what are the taxes? Or is it an investment, and then what are the taxes?
Tony: I don’t know. Nothing has been defined yet. Some who exchanged two years ago have paid no tax, and others who signed agreements with 11% or 17% taxes, because that is their agreement. Hope for the best and prepare for the worst, which is 60%. I appreciate that you guys have stayed in for so long, because I would never have heard about this if people hadn’t stayed in and kept the faith that this would happen.
Caller: When you go to Vegas, get a bodyguard.
Tony: Pam is calling me an idiot, just so you know. Pam?
Pam: You know, I called you a flying idiot catfish, because Ray and I were talking earlier, and someone said earlier that catfish have no brains and a big mouth. You shouldn’t talk about a woman like that on the phone, you know. “A tough broad?” Okay, you redeemed yourself with the ‘pretty’ part.
RayRen: It’s Marvelous Monday. Let’s see what today brings us.
Tony: It was an exciting up-and-down weekend – it was specific times, everyone called in their teams, and here we are again. Everyone is still on high alert, looking for any minute, just don’t know when the minute is. The goal is between now and the first, when the new taxes take effect and the ministers cut their salaries in half. Be ready with your Ten Things and be ready to go, because when this happens we will be moving fast. Check the site, because it will go static. We will send out a tweet and get the information to you as soon as possible. If not, we will do our own thing. Enjoy the rest of your day! Comment
7-27-15 My Ladies (Chat):
HG: Seems like I'm often not sure of things but are we just happy that it looks like the dinar might be international soon or are we really happy with a 1095 rate?
J.G.: HearingGod, you are mirroring my thoughts here...I am confused why anyone would be excited about Iraq coming out of the gate with a rate of 1095....that is hardly more than we purchased them for in the first place....how would it benefit Iraq to come out a such a low rate....that seems absurd to me that Iraq would even consider something like this ...so what if it means "yay, they have gone international"...doesn't benefit us at all....I am really confused about all of this....anyone care to help me out here???
HG: I think I've seen Nova post that he didn't care what rate they came out with as long as they came out with a real rate ..... I agree though I'm not sure ???
Socksmom: The point is that It's a starting point
HG: Without sounding too stupid .... Selling in dinars and paying in USD isn't a good thing right? There isn't a good way to spin that is there?
MY LADIES: YES IT IS A GOOD THING HERE MODELLER SAYS IT BEST
[4:22 AM] MODELLER52: <<< BUT, AND THIS IS JUST A THOUGHT,, IF THEY SELL THE BONDS AT A DISCOUNT RATE IN DINAR AND WILL PAY IN USD ON MATURITY THEN IMO, THEY ARE ON A WINNER IF THEY INCREASE THE VALUE OF THE DINAR PRIOR, IT WILL MINIMISE THE AMOUNT THEY PAY OUT, BEING IN USD NOT IQD, NOW I DONT KNOW IF MY THINKING IS CORRECT BUT IF SO THEN ITS A VERY SMART MOVE, ALL THEY HAVE TO DO IS GET PEOPLE TO BUY THE BONDS, AND THAT BRINGS US TO THIS,
MY LADIES: THE IDEA IS JUST TO START DOING SOMETHING, THE REST WILL FALL INTO PLACE.
HG: I did read that before .. makes sense. I'm just ready for something !! Thanks
MY LADIES: ALRIGHT BEING IN IRAQ FOR ANY LENGTH OF TIME MAKES MY HEAD HURT BUT I WAS CORRECT LAST NIGHT THE MINISTRY POWERS ARE TO BE TRANSFERRED TO THE PROVINCES BY AUGUST 5TH, DESPITE THE STALLING AND THE WHINING. THIS IS NECESSARY STEP TO MOVE TO MARKET ECONOMY,
THE TIMING OF ALL OF THIS SURE IS POSITIVE, AND WITH IRAN IN IRAQ RIGHT NOW THINGS COULD BE MOVING ALONG.
Deputy for the National: political parties to invoke the election dues to block the transfer of powers to the provinces
Joey: GM More news from CBI
MY LADIES: YEP JOEY THANK YOU I HAVE IT,
IT IS WHAT WE HAVE BEEN TALKING ABOUT SINCE LAST NIGHT, THE SALE OF BONDS AT 1095 TO START ON 8/2 AND GO UNTIL 8/31
Brenda: its incredible to see whats really happening, a start is good, for I believe that its the start that wont be stopped
MY LADIES: WE CAN ONLY HOPE
MY LADIES: AHA I SOLVED THE SWIFT PUZZLE WITH IRAN,
IT SEEMS THAT PRIVATE BANKS WERE NOT EFFECTED BY THE EU SANCTIONS ONLY THE STATE BANKS, SO ALL THE PRIVATE BANKS HAVE RECONNECTED THEMSELVES AND THE STATE BANKS ARE SOON TO FOLLOW.
‘Iran's state banks to join SWIFT once JCPOA comes into effect
An official at the Central Bank of Iran (CBI) says the country’s state-run banks will soon rejoin the Society for Worldwide Interbank Financial Telecommunication (SWIFT) once Iran's nuclear agreement with the world powers enters into effect.
Kamyab added that at present, all Iranian private banks are connected to the SWIFT and those state-run banks that are subject to EU’s sanctions will join the network in the near future.
“Private banks were not covered by European Union’s sanctions against Iran and could avail themselves of the services provided by the SWIFT,” he said.
According to IRNA, Iranian private banks including Dei, Saman, Pasargad, Parsian, and Middle East, in addition to two state-run banks, Maskan (Housing) and Agriculture are currently connected to the SWIFT network
MY LADIES: (whew) I WAS BEGINNING TO THINK IRANIAN NEWSPAPERS WERE AS BAD AS IRAQI PAPERS.
MY LADIES: VERY DEEP MINES IN IRAN AND CONTRACTS FROM FOR MINING ARE STARTING AGAIN
New mine to add 2 tons to Iran gold output
Iran will open a new gold mine with a capacity to produce 2 metric tons per year of the precious metal in its western Kurdestan province, Minister of Industry, Mine and Trade Mohammad Reza Nematzadeh says.
Production from the Sari Gunay deposits near Qorveh with an ore concentration of 1.6 grams per metric ton will begin in the next three months, he said.
MY LADIES: GAS COMING TO IRAQ FROM IRAN AND A HUGE POWER PLANT IN BASRA PLANNED TO BEGIN THE NEXT 2 MONTHS NOW THAT PAYMENT HAS BEEN AGREED
Iran builds $2.5 billion power plant in Iraq
Iran is building a natural gas combined cycle power plant in Iraq’s Basra at a cost of $2.5 billion in the Persian country’s biggest engineering services deal yet.
The project, being carried out by Iran’s MAPNA Group, aims to add 3,000 megawatts of electric power to Iraq’s national grid which is saddled with acute shortfalls at its current 8,500-megawatt capacity.
MY LADIES: ALRIGHT OFF TO CHINA NOW,
CHINA PRAISES THE WTO FOR TARIFF CUTS ON IT PRODUCTS
China lauds WTO trillion dollar IT deal, eyes big gains for domestic firms
China’s Ministry of Commerce on Saturday lauded the landmark deal by WTO members to cut tariffs on $1 trillion worth of information technology products in a boost for producers of goods ranging from video games to medical equipment.
The agreement will further promote global trade and world economic growth, and also inject new vitality into multilateral trade negotiations, said the Commerce Ministry.
MY LADIES: ASIA OFF TO A ROUGH START AGAIN
Asian stocks down ahead of rocky week
Lower than expected manufacturing activity in China continued to pull Asian stocks down on Monday as lower commodity prices added to speculation about a US Federal Reserve meeting to discuss interest rates later this week
MY LADIES: CHINA’S SILK ROAD SHAKING THINGS UP A BIT
China Sea Rates: New Silk Road plans threaten liner industry
Caringbah: China’s plans to build more and more land links with Europe could seriously harm shipping lines in five years’ time, warns the ceo of Australian firm China Sea Rates today.
Tim Routh, who heads up the online freight rate pricing system, says that after reviewing China’s much talked about ‘New Silk Road’ plans if the People’s Republic can get the land route from Xian in central China through to Europe in play by 2020 then there will be a serious disruption to shipping worldwide.
MY LADIES: MOST SMALL AND MEDIUM ENTERPRISE HAVE NO IDEA OF WHAT IS COMING
Huge opportunities in China Silk Road
China’s plan for a new Silk Road will require infrastructural investments of US$160bil and will, in time, generate annual trade volume exceeding US$2.5tril. Malaysian SMEs cannot afford to miss out, writes HO WAH FOON.
MY LADIES: HERE ARE SOME NICE PHOTOS OF THE NEW SILK ROAD PROJECT
Fostering Sino-Aussie Ties: 'Beautiful China, Amazing Silk Road' Displays China's Beauty, Charm from Chinese and Australian Eyes
The photography exhibition "Beautiful China, Amazing Silk Road" opened at Sydney's World Square on Friday, July 24, 2015. The exhibition showcased photographic masterpieces of historical heritages, beautiful sceneries and the charms of China's ancient Silk Road.
MY LADIES: 65 COUNTRIES AND 3 CONTINENTS
China's One Belt, One Road initiative could usher in new growth
SINGAPORE: The Republic could be poised to take advantage of a new area of growth through its participation in China's One Belt, One Road trade initiative, said Senior Minister of State for Transport Josephine Teo at a forum on the 21st Century Maritime Silk Road on Monday (Jul 27).
The 21st Century Maritime Silk Road was first proposed by China in 2013, aimed at fostering collaboration along the historic Silk Road and maritime routes. The Maritime Silk Road is part of China's overall One Belt, One Road framework which will also include the land-based Silk Road Economic Belt.
MY LADIES: WILL THE SILK ROAD MAKE EASTERN AND WESTERN EUROPE A LITTLE COZIER???
It is the 40th anniversary of China-EU relations. Where do they stand?
The relationship between China and the EU has experienced many ups and downs: from Romano Prodi’s declaration of the EU and China as “engaged yet not married” partners to later distress over trade and human right issues. What is the status of the partnership at the 40th anniversary of China-EU relations?
MY LADIES: IRAN IS THIS A NUCLEAR DEAL?? A BUSINESS DEAL?? OR MAYBE AN ECONOMIC AGREEMENT??
I BRING THIS BACK AGAIN FROM LAST WEEK BECAUSE NOW WE HAVE SEEN WITH A LITTLE BIT TIME HOW MOST OF THIS APPLIES. I DO BELIEVE NOVA AND I HAVE SAID ALL THESE SAME WORDS ON OUR CALLS.
THIS IS A VERY GOOD READ IF YOU WANT UNDERSTANDING OF THIS DEAL.
The Geopolitics and Economics of the Iran Nuclear Deal
From this perspective, the deal is more than simply a new chapter in Iran’s relations with the West and the world at large; it is the agreement by which Iran will transform itself from a potentially powerful, though politically and economically isolated country, to an emerging regional power that will become a linchpin of the strategies of both the western and non-western worlds
MY LADIES: READ THIS AGAIN AND THEN STORE IT IN YOUR MEMORY BANK THIS IS A LOOK AT THE EURASIA PROJECT
China and Russia Lay Foundation for Massive Economic Cooperation
In the past decade, Beijing and Moscow have been more competitors than partners. But that relationship may now be changing as Russian and Chinese leaders are considering combining their two countries’ regional economic projects — the Eurasian Economic Union and the Silk Road Economic Belt, respectively.
MY LADIES: KENYA IS OPEN FOR BUSINESS AND REALLY PUSHING THE PRIVATE SECTOR
MY LADIES: HOME WORK ASSIGNMENT
WHAT EVER HAPPENED TO THE 2010 IMF DEADLINE??? THE DEADLINE PASSED ALREADY RIGHT????
SO ARE WE IN PLAN "B"
Rocket Rich: I see they had extended a deadline in January 2015 until June 30th 2015 for Congress. However, I don't see much of anything in the way of articles beyond January 28th, 2015. No mention of the deadline since June 30th. Did Congress already vote and slide this one under the rug?
Joey: I believe we are in the global plan. We thought this was to be like Kuwait, but turned out to be a global event…..Who knows if it passed at last deadline.
Farhead: To my knowledge/memory, the "deadline" for US ratification of IMF reforms was extended to Sept 15, 2015!
7-27-15 TNT DINAR CC: We had a very active weekend and are on standby. Let's talk about it. 10pst/1est. – TNT TONY #wearethepeople
1 pm EST / 12 pm CST / 11 am MST / 10 am PST / 9 am AKST / 7 am HAST
Q & A: 425.440.5100 FREE ~ 206.402.0100 FREE ~ 503.205.8988, PIN CODE 634293#
Listen Only Live: 605-562-3152 OR 605-562-3151 FREE
Listen Only Live Online: http://events.instantteleseminar.com/?eventid=72798042
Replay 605.562.3179, PIN CODE 409029#
7-27-15 OOTW: Press Release: "FROM KEYWORDS: "Revision of the state budget structure and presentation" KEYWORDS OUTLINES THE BUDGET MONIES AND HOW THEY'LL BE SPENT IN ACCORD WITH THE 2015 BUDGET - I'VE NEVER SEEN A PRESS RELEASE LIKE THIS BEFORE FROM THE CBI - THEY MEAN BUSINESS. [So...would you say that the ball is rolling, so to speak, now that they're back from break?] ABSOLUTELY. Comment
7-27-15 sczin11: BONDS, TARIFFS, BLACKLIST, CORRUPTION, MALIKI, MONETARY & ECONOMIC REFORM
WHERE TO BEGIN... CREDIT RATING???? HAS THAT BEEN ISSUED? NOT SEEN ON ANY PUBLIC FORUM.... BONDS BEING ISSUED...INTERNATIONALLY?
THEY STATED FIRST WAVE WAS IN COUNTRY, AND SECOND PHASE WOULD BE INTERNATIONAL, DIDN'T THEY?
HOW COULD THEY EXPECT PURCHASING BY FOREIGN INVESTORS WITHOUT A CREDIT RATING? ARE WE MISSING SOMETHING IN THE TRANSLATION? DO THEY KNOW SOMETHING WE DON'T KNOW?
1095 DINARS TO THE DOLLAR, IN EXCHANGE FOR A 6.1% RETURN ON INVESTMENT IN A SHORT 16 MONTHS?
DOES THAT MEAN THE DINAR CAN NOT INCREASE IN VALUE UNTIL AFTER AUGUST 29, THE LAST DATE OF THE SALE OF THESE BONDS?
HOW COULD THE DINAR INCREASE BEFORE THEN? IT WOULD ELIMINATE ALL INVESTORS FROM WANTING TO COME IN TO THE BOND PURCHASE?
TARIFFS GOING INTO EFFECT AUGUST 1...HOW CAN THEY WITHOUT AN INCREASE IN VALUE OF THE DINAR?
HOW DOES THAT ACCOMPLISH WHAT THEY STATED THEY WANTED TO DO..PROVIDE PURCHASING POWER TO THE IRAQI CITIZENS...WITHOUT AN INCREASE IN VALUE OF THE DINAR, THE PEOPLE OF IRAQ SUFFER, ONCE AGAIN...
THE BLACKLIST... THE WORLD BANK AND IMF HAVE GIVEN IRAQ 2 MONTHS TO PASS THESE MONEY LAUNDERING LAWS, OR THEY CAN FORGET ABOUT MR NOW, AND BECOME ISOLATED FROM THE INTERNATIONAL TRADE COMMUNITY...
AGAIN, HOW DOES THIS HELP THE PEOPLE OF THIS COUNTRY?
CORRUPTION... ALL THE TIME, ENERGY, AND MONEY...GOING AFTER ALL SECTORS OF GOVERNMENT, TO CLEAN UP THEIR ACT, TRANSPARENCY, THE XBRL SYSTEM FOR THE BANKS.
ALL INTERNATIONAL STANDARDS, PROTOCOLS, AND REQUIREMENTS FOR COMPLETE ACCEPTANCE TO THE OPEN MARKET ECONOMY...FOR WHAT, WITH OUT A CHANGE IN VALUE OF THE DINAR?
MALIKI.. AND COMPANY..... WHY CAUSE ADDITIONAL SECTARIAN CONFLICT, AND PROBLEMS WITH THE GLOBAL COMMUNITY AS A RESULT OF UNFOUNDED ACCUSATIONS TO STIR THE POT,
IF NOT LOOKING TO CLEAN UP THE GOVERNMENT, AND PROVIDE SAFETY, SECURITY AND PROSPERITY TO THE PEOPLE OF IRAQ?
ER & MR..... WHAT HAVE THEY BEEN WORKING TOWARDS, ESPECIALLY SINCE THE NEW REGIME TOOK CHARGE...THE ABADI PLAN- THE ECONOMIC AND MONETARY REFORM...THE PRIVATE SECTOR... THE PEOPLE
AND CITIZENS OF IRAQ...THEIR OWN UNIQUE STRONG CURRENCY..THEIR RESOURCES MARKETED TO THE WORLD..THEIR SOVEREIGNTY, THEIR PRIDE, THEIR POWER....
WITHOUT AN INCREASE IN VALUE OF THE IRAQI DINAR, HOW CAN THAT CONTINUE?
FOLKS, THERE IS MUCH TO BE ENCOURAGED ABOUT, AND THERE IS MUCH WE OBVIOUSLY DON'T KNOW OR UNDERSTAND... FACTS ARE FACTS,
HOWEVER, GIVEN THE HANDICAPS WE POSSESS, NOT BEING THERE, NOT UNDERSTANDING THEIR LANGUAGE, RELYING ON INTERPRETATIONS OF OTHERS AND OPINIONS OF MAY, WE MUST SIT BACK AND WATCH THIS UNFOLD..
I WILL SAY, HOWEVER, ANYONE WHO SUGGESTS THAT STRIDES ARE NOT TOWARDS MAKING THE NEW IRAQI DINAR, A FORCE TO BE RECKONED WITH, IS OBVIOUSLY NOT READING THE SAME THINGS WE ARE! Comment
7-27-15 WANG DANG: CONFERENCE CALL SUNDAY, JULY 26, 2015
PLAYBACK: 530-881-1399, PIN 894786
7-27-15 BGG: Don’t Miss Round Table Chat w/BGG filling in for Millionday @ 1:00 PM EST – today (7/27) in the DU Chat Room!! BGG Blog
Iko Ward: Oh yeah, lots of fun out there this morning. China tanked, ISX continues its slow slide down, Gold is playing everyone, more announcements out of Iraq but who can figure them out? Forex remained at 1130 all night and just polled 1.3 which might as well be 0.0. This is where you say you are glad you don't manage an international hedge fund or advise international investment clients. Looking to 10AM for more info.
SandolaG: Where does a person go to~ to follow the currency rates each day? and am I correct in my thinking that ISX / FOREX opens daily around 5 - 5:30pm eastern?
Iko Ward: Sandola...a god time to check Forex is 8PM EST, 3AM EST and 7:30AM EST, Sunday thru Friday. ISX trades shows results around 4AM. They start Saturday and end Thursday.
ALREADY BLESSED: THE REST OF THE INFO THERE IS EXACTLY WHAT TONY SAID ON THE CALL ....WE ARE WAITING FOR THIS ANY MINUTE, ANY HOUR....ETC.....WE HAVE HEARD THAT SKR'S ARE TO BE FUNDED BUT HE TOLD YOU ALL OF THAT INCLUDING THAT PEOPLE WERE BEING CALLED INTO THE BANKS.
ALREADY BLESSED: AT THIS TIME....WE HAVE NOT HEARD THAT SKR'S HAVE BEEN FUNDED....WE ARE ALL WAITING....JUST LIKE YOU! HAVE WE BEEN HERE BEFORE? YES.
BUT IT DOES SOUND BETTER THAN EVER BEFORE WITH ALL THE SUPPORT INFO THAT HAS BEEN COMING IN AS WELL.
7-27-15 xyz: cbi: financial bonds starting from the second of next August to 31 of the same month will sell that amount in Iraqi dinars and the price of 1095 dinars per dollar:
7-27-15 Another Mailman: It seems that Iraq is going International at 1095 dinars per dollar. Whoohoo! Comment
7-27-15 Arthur: WITHOUT BEING TOO SPECIFIC YET UNTIL CERTAIN EVENTS BECOMING PUBLIC, I CAN OFFICIALLY SAY I AM VERY EXCITED ABOUT THE MONTH OF AUGUST. Comment
7-27-15 JJONESMX: During the father .. Central Bank dollar bonds issued on behalf of the financial.
BAGHDAD / JD / .. Announced the central bank, announced the launch of futures delivery in US dollars bonds (bearer) on behalf of the Ministry of Finance, while noting that the amount of the value of bonds of up to $ 2 billion.
The bank said in a statement / dinars / received a copy of it: we will subtracting the delivery term currency dollar bills (bearer) on behalf of the Ministry of Finance, dated August 2 and until 31 August next, noting that the bond issue will be four categories (in 2500 and 10000 and 50000 and 100000) US dollars and a total of $ 2 billion dollars."
He explained: is sold These bonds in Iraqi dinars at a price (1095) dinars per dollar, and is payable by the Ministry of Finance end of next year in 12/31/2016, noting that it will pay in dollars for maturity.
He said the bank: that these bonds can be used as collateral for loans or facilities require guarantees. Article Link - Comment
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