Dinar Updates

Chat Room Excerpts & Highlights
Hutch says():WELCOME BGG AND RCOOKIE
BGG says():!hola
Hutch says to rcookie():WHAT DO YOU GUYS HAVE FOR US TONIGHT?
rcookie says():GE DU…BGG
BGG says():GE everyone… RCookie
rcookie says():THOUGHT TO START OFF LOOK AT PARLIAMENT TODAY….EVEN THOUGH THEY ARE PRESENTING REMAINING CABINET RESHUFFLE ON SATURDAY WITH ABADI TO BE PRESENT…..
rcookie says():TODAY PARLIAMENT
VOTED ON HASSAD SINEAD RESIGNATION AND SUBMIT FOR REPLACEMENT CANDIDATE…
1ST READING AVOIDANCE DOUBLE TAXATION LAW…
1ST READING IRAQI NATIONAL PARALYMPIC COMMITTEE ACT…
rcookie says():DRAFT DISCUSSION TAX ON INCOME & CAPITAL BETWEEN IRAQ & IRAN…
DRAFT DISCUSSION 2ND AMENDMENT TO CHAMBER OF COMMERCE LAW NO 43 (1989)…
DRAFT DISCUSSION IRAQ ACCESSION FOR INTERNATIONAL PREVENTION OF POLLUTION FROM SHIPS…QUARTERLY REPORT COMMITTEE RELIGIOUS ENDOWMWNTS & AFFAIRS…
BGG says():On the Hassan Sinead thing – that was a “resignation” BUT
they allowed him to tender a resignation AFTER the Fed Court sent their ruling that he was an illegal placement by Maliki. Just because Maliki wasn’t there – he had no right to “assign” his seat…
and while I don’t agree with various “prognosticators” that Abadi dealt Maliki a “knockout blow” today…it was a very good day for Iraq.
Hutch says():RC COMMENT?
rcookie says():AGREED…..GREAT POINT BGG…
AND SETS THE STAGE FOR SOME INTERESTING PROGRESS FOR SATURDAYS UNIFIED SESSION…..
BGG says():(keep in mind… I was on an island alone saying Maliki wouldn’t get a third term… it’s not like I’ve got some “thing” for him… I don’t – I just don’t see it that way – YET. Soon. )
rcookie says():HIS FREE TIME IS COMING TO AN END..
BGG says to rcookie():Roger that – lots shaping up for the next few days – whether or not they finalize the New Abadi Cabinet…there have been an amazing number of judicial and political defeats handed to Maliki.Were those charges against Maliki published this week not STUNNING??
rcookie says():AND THE SITTERS APPEAL IN FEDERAL COURT….
BGG says to rcookie():They have been “slam dunked” once already…
rcookie says():TRUE AND INTERESTING DIFFERENTIAL OF CHARGES LEVIED AS COMMANDER IN CHIEF…AS WELL AS PRIME MINISTER…
AND THE REQUISITE JURISDICTIONS THAT WILL HEAR…
Hutch says():ANY QUESTIONS OR COMMENTS?
rcookie says():OK IS DA58 HERE…
BGG says():I would be careful what you ask – I’ll answer…
you got me in that kind of mood. 😀
rcookie says():OK….SO DA58 BROUGHT THIS IN TODAY…
Hutch says():ROGER THAT ! BE RIGHT BACK WITH MORE !
rcookie says():Iraq “one of the Biggest Investment Opportunities”
April 28, 2016 in Blog,
Construction & Engineering In Iraq, Investment, Iraq Oil & Gas NewsBy Padraig O’Hannelly.
The United Kingdom’s Ambassador to Baghdad has said Iraq has the potential to become an economic force in the region, and encouraged British businesses to take advantage of the opportunities it presents.Addressing senior executives at the Iraq Britain Business Council (IBBC)‘s Spring Conference in London on Wednesday, H.E. Frank Baker OBE said that to achieve this, Iraq needs to realise its vision to implement substantive economic reforms and to rebuild key infrastructure and institutions,
adding:“This economic reform cannot take place without developing the country’s private sector, because that in turn will help bring about stability and prosperity.“Despite all the challenges, Iraq offers one of the greatest investment opportunities in the region.”Referring to “stifling bureaucracy and corruption“,
the Ambassador acknowledged that it is not a market for the faint hearted, but advised British enterprises with a “buccaneering spirit” take on the challenge.“Iraq will offer one of the biggest investment opportunities to UK companies in the first half of this century, but to do so, British business has to be prepared to manage the risks and to take chances.”
UK AMBASSADOR TO IRAQ…STATES “IRAQ HAS THE POTENTIAL TO BECOME ECONOMIC FORCE IN THE REGION…WHILST ENCOURAGING UK BUSINESSES TO TAKE ADVANTAGE OF OPPORTUNITIES IT PRESENTS”…..
IBBC (IRAQ BRITISH BUSINESS COUNCIL) SPRING CONFERENCE…STATES THAT IN ORDER FOR IRAQ TO REALIZE ITS VISION…SUBSTANTIVE ECONOMIC REFORMS AND REBUILDING OF KEY INFRASTRUCTURE AND INSTITUTIONS NEEDED”….AND THE MORE TELLING STATEMENT….
“This economic reform cannot take place without developing the country’s private sector, because that in turn will help bring about stability and prosperity.
“Despite all the challenges, Iraq offers one of the greatest investment opportunities in the region.”
WHILE ACKNOWLEDGING REALISTIC CHALLENGES LIKE BUREAUCRACY & CORRUPTION….WHICH NEED TO BE UNDERSTOOD…
AND THE CLOSER……….
“Iraq will offer one of the biggest investment opportunities to UK companies in the first half of this century, but to do so, British business has to be prepared to manage the risks and to take chances.”
rcookie says():WOW!!!!!!!…
CATCH YOUR BREATH….
Hutch says():BGG?
BGG says():Only that my contacts – direct, personal, legitimate contacts have been saying the same since about 2011… THIS WILL BE BIG…
the actual currency move will just signal the “opening of the gates”… there will be more opportunities – quickly.
Hutch says():ANY QUESTIONS OR COMMENTS EVERYONE?
rcookie says():CANT GET MUCH STRONGER ASSERTION OF CONFIDENCE THAN THAT…..
larrykn says():I can see the opportunities to a country that at this time as nothing, any business that would come in should do quite well IMO
subgirl says():that is very exciting about the UK Companies!! 🙂
Hutch says():ANY OTHER COMMENTS OR QUESTIONS?
rcookie says():AGREED……BUT NOT POSSIBLE WITHOUTH THE HUGE RESTRUCTURING OF EVERY LANDSCAPE AND ENVIRONMENT THERE WITH THA PAST 12 MONTHS ABADI REFORMS….
IT HAS BEEN ENGINEERED…..
Hutch says():I REMEMBER YOU TELLING US ABOUT ABADI
HAVING THAT BACKGROUND
rcookie says to subgirl():AGREED SUBBY….AND THE UK INTEREST IS JUST THE TIP OF THE ICEBERG OF THE GLOBAL INTEREST….
YES…REMEMBER ABADI HAS A PHD IN ENGINEERNG….FINANCE MINISTRY BACKGROUNG AND HEADED THE ECONOMIC DEVELOPMENT COMMITTEE OF MOF…
Hutch says():BGG …. COMMENTS?
Hutch says():WELL… MRS BGG MAY HAVE MADE HIM A SANDWICH… RCOOKIE, WHATS NEXT?
BGG says to Hutch():My @$$ – I am THE CHEF.
and it is WELL STOCKED.
Hutch says():I KNEW I’D GET YOUR ATTENTION LOL
BGG says to Hutch():I made her Curried Egg Salad with Mango Chutney… IT WAS OFF – THE – HOOK…
rcookie says():2 DAY ECONOMIC FORUM….WITH MORE “NON OIL” ECONOMIC FOCUS IN KURDISTAN WITH ECONOMISTS SPEAKING TO IMPORTANCE OF DIVERSIFICATION IN LIGHT OF CURRENT CRISIS..
jtank says():mmmmmm
rcookie says():AND THINK ABOUT INTERNATIONAL SUPPORT BEING PLEDGED TO KURDS….IDC TODAY FOR ELECTRICITY DEVELOPMENT PROJECTS….US MILITARY SUPPORT FOR PESHMERGA….EQUIPMENT…ARMS…DRONES…
BGG says to Hutch():and Turkey breast with White Wine sauce and crushed black pepper…
Ridiculous…
Hutch says(  WOW RCOOKIE !
rcookie says to BGG():(y)
Hutch says to BGG():NOW IM HUNGRY
BGG says to Hutch():Don’t go there with me – I always have it… right here…
larrykn says to Hutch():about the food 😀
mrjazzman66 says():whats the latest on maliki??
BGG says to rcookie():I’ll leave this one to you.
rcookie says():THE SITTER PROTESTORS HAVE FILED AN APPEAL IN FED COURT TO CHALLENGE LAST TUESDAYS PARL SESSION…
IT WILL FAIL…
rcookie says():HE IS RUNNING OUT OF OBSTRUCTION OPPORTUNITIES….AND THE GLOBAL SUPPORT FOR ABADI GROWS BY THE SECOND…
Hutch says to mrjazzman66():GREAT QUESTION !
mrjazzman66 says():Thank you
rcookie says):YVW
wvchsr says():There is a new announcement on the CBI site regarding a special window for the sale of foreign currency deposits; any idea what this is about?
Hutch says():WOW WHAT A LEAD IN …
Hutch says():RCOOKIE
rcookie says():SAW THIS MORNING AND FIRE BROUGHT TODAY…
HERE IT IS…
rcookie says():New CBI announcement   04/28/2016
(Deposit RTGS) due to the performance of the decrees visit of Imam Musa al – Kadhim (AS) .. will be a window for the sale of foreign currency for 11 days, 10.9 Deposits 0.8 May / 2016 on Wednesday and Thursday 5.4 May respectively.
rcookie says():NOW….OTHER THAN THE ANNOUNCEMENTS OF THE CURRENCY AUCTION WINDOWS NOT BEING A DAILY OCCURENCE….I DONT RECALL THE CBI IDENTIFYING SPECIFIC DATES FOR THE AUCTIONS….
SO….VERY INTERESTING….WHY TELEGRAPH…WHY NOW…
wvchsr says():ty
Hutch says():GREAT POINT !
Baxter says():What does Deposit RTGS…. refer to?
rcookie says():Real-time gross settlement systems (RTGS) are specialist funds transfer systems where transfer of money or securities takes place from one bank to another on a “real time” and on “gross” basis. Settlement in “real time” means payment transaction is not subjected to any waiting period.
Hutch says to Baxter():GREAT QUESTION
Baxter says():Ok… thx…
rcookie says():FIREFLY BROUGHT INTO CHAT EARLIER….
rcookie says():OK FOR ANYONE WHO MISSED YESTERDAY….THIS IS WHAT BGG WAS TALKING ABOUT EARLIER… CONCERNING ABADI TURNING HIS ATTENTION TO MALIKI AFTER THE CABINET RESHUFFLE…..
mrjazzman66 says():this is going to be good yeees
rcookie says():Close to him: Abadi, will resign from his party and the 8th bags that will be adjustable tomorrow
As I used the power of the Kurdish Peshmerga, a number of journalists who were inside the House of Representatives, and exceeded verbally abusive on Iraqi state television team.
SO….ABADI THINKING OF RESIGNING FROM DAWA PARTY….BECAUSE AFTER COMPLETING CABINET RESHUFFLE….HE IS OPENING MALIKI CORRUPTION FILES!!!!!!!
AND POSTED YESTERDAY THE COMPLETE LISTING OF CHARGES (ALONG WITH LINK) WAITING FOR OLE NOURI FILED FROM MARCH 2015….
16 PAGE FILING OF CHARGES TO PUBLIC PROSECUTOR….SOME CHARGES WILL BE HEARD BY MILITARY JUSTICE COURT….
National Center for Legal and Judicial Research and Studies
Judge Raheem Hassan Al Igeeli SECRETARY GENERALSecretary-General
Attorney Kamel El Hassani
DEPUTY SECRETARY GENERAL
Hutch says():HOW FAR BACK DO SOME OF THE CHARGES GO?
eman4u55 says():Kamel 😀
rcookie says():THEY ARE ACTUALLY BROKEN UP BY HIS TENURE AS COMMANDER IN CHIEF….AND PRIME MINISTER ALONG WITH THE JURIDICTIONS THAT WILL HEAR TRIALS……SOME WILL BE IN MILITARY COURT..
rcookie says():ABADI STATING PUBLICLY HE IS GOING AFTER MALIKI CORRUPTION FILES….
rcookie says():PABLO MUST HAVE FAINTED…….
larrykn says():why not all at once let him face them all an get over with it
larrykn says():sorry
rcookie says():AND REMEMBER THE FEDERAL COURT….AMNESTY…ACCOUNTABILITY & JUSTICE LAWS ARE ALL CUED UP JUST WAITING FOR HIM…….AGAIN….VERY WELL ENGINEERED…..
woodywoodpecker says():did anybody answer about those dates in May
Hutch says to woodywoodpecker():WHAT DATES? CBI?
woodywoodpecker says():yes
Hutch says to woodywoodpecker():OK
rcookie says():YES….I STATED THAT IT IS VERY CURIOUS THAT THOSE DATES ARE BEING TELEGRAPHED AS SPECIFIC AUCTION WINDOW DATES……I HAVE NOT SEEN THAT BEFORE……AND THE QUESTION IS…WHY ARE THIS DATES BEING SINGLED OUT….WHY NOW…
woodywoodpecker says():ok thanks
rcookie says():WE KNOW THE CBI HAS STATED IN INK THEIR INTENTION OF BRINGING THE AUCTION SALES DOWN 50% IN 2016 AGAINST 2015 NUMBERS…WHICH WERE $44 BILLION…..SO WE ARE LOOKING AT A GOAL OF $22 B FOR 2016…
:
THAT REPRESENTS AN OVERALL 75% REDUCTION IN 24 MONTHS….
rcookie says to woodywoodpecker():YVW..
Hutch says to rcookie():WOW!
Hutch says):WHATS NEXT RCOOKIE?
rcookie says():Wadih Bitter melon: the central bank will solve the problem of citizens’ deposits in private banks
rcookie says():The head of the Association of private banks in Iraq, Wadih Handal, that 95% of oil imports are deposited in state banks, pointing out that there is a financial mishaps in private banks.
He said Wadih Handal, during his participation at the crossroads of the Middle East economy (Mary) in Erbil, the network Roudao media, “the private banks in the world are the backbone of life, and in Iraq do not receive government support, and 95% of oil imports are deposited in state banks, and did not take Iraqi private banks role for development.
“He added, “an economic crisis in Iraq occurred and became there a financial mishaps in private banks, the central bank is seriously working to find solutions by giving them loans against collateral, and a portion of these loans will be resolved deposits of citizens, which caused part of the concern existing in the Iraqi market problems.
“Handal said, that “the central government does not give a large role for the private sector for sustainable development in the country,” adding that he “must be on the private sector to take its role properly to achieve economic development in Iraq.”
The President of the Association of private banks in Iraq and Wadih Handal, the high price of the dollar, saying that “Iraq is passing through a war and everything is imported, industrial and agricultural ineffective sector in the country, and this has led to rising dollar prices.”
Read More :http://www.dinarupdates.com/showthre…sday-April-28- 2016/page2
rcookie says):THIS OUTLINES EXACTLY WHY THE WB AND IMF REQUIRED THE RECONSTRUCTION AND PRIVATIZTION OF THE 2 STATE OWNES BANKS…..THEY CONTROL 95% OF THE STATE REVENUES….
COMPLETELY FAIL IN THE EXECUTION OF DEVELOPMENT PROJECT FUNDING…..AND CONTRIBUTE ALMOST NOTHING BACK TO GDP….
THEY ARE DYSFUNCTIONAL AND COUNTER PRODUCTIVE TO A PRIVATE AND PROFIT & RESULTS DRIVEN SYSTEM….
AND AS REPORTED YESTERDAY BU FIREFLY…THIS PROJECTV IS NOW 97% COMPLETED….ABSOLUTELY HISTORICAL…
AS IRAQ HAS BEEN STRATEGIZING AND EXECUTING THE RECONSTRUCTION AND PRIVATIZING OF 2 SOB’S WITH THE WB ASSISTANCE SINE 2006…..
THATS 10 YEARS AND YOU ARE SEEING FRUITION IN APRIL 2016…THINK OF ALL THE RECENT NEWS ABOUT RAFDAIN AND RASHEED BRANCHES OPENING IN ALL PROVINCES OFFERING 1 STOP SHOPPING BANKING SERVICES…. BANKING.. LOANS..BONDS..STOCKS..CURRENC Y WINDOWS..IT IS HISTORY FOLKS!!!!!!
rcookie says():WOW…NO ?’S
Hutch says to cjquade54():GO CJ
cjquade54 says():they always said the restructuring was necessary for currency reform of the 2 banks that is  now 97% done
_firefly_ says():World Bank Restructure the Rafidain and Rasheed in Order to Raise the Value of the Iraqi dinar
March 26, 2013
rcookie says():YES….AND TO PUT IN PERSPECTIVE THE COMPLEXITY OF THIS PROJECT IN ORDER TO FUEL THE PRIVATE SECTOR ECONOMY BEING EXECUTED OVER THE LAST 10 YEARS AND UNFOLDING IN FRONT OF OUR EYES……VERY EXCITING AND TELLING….
Hutch says to daytrader():GO DAY !
daytrader says():Can see where the loans to the banks is an attempt a assuring the depositors that funds will be available to withdraw, but think some form of depositor insurance would go further to give citizens a higher degree of comfort
rcookie says():WHAT SENSE WOULD IT MAKE TO REVALUE CURRENCY IN DYSFUNCTIONAL ENTITIES OWNED BY MOF…
rcookie says to daytrader():THEY ANNOUNCED IT YESTERDAY….DEPOSITOR INSURANCE TO GROW CONSUMER CONFIDENCE….
daytrader says():Missed that one. Thanks
Hutch says to daytrader():GREAT COMMENT
rcookie says to daytrader():AND REMEMBER THESE NEW RAFIDAIN AND RASHEED BRANCHES OPENING ALL OVER COUNTRY OFFER FULL 1 STOP SHOPPING BANKING…BANKING…LOANS…BNDS…STOCKS AND CURRENCY AUCTION WINDOWS…
Hutch says():OK COOKIE LETS WRAP THIS UP
rcookie says():OK ALL…..HERE IS A QUICK RECAP OF THE WEEK HEADING INTO EXCITING WEEKEND….
OIL IS UP $48.05…IMF GROWTH ESTIMATES TO 2.9%…INFLATION IN CHECK…”NON OIL REVENUE” GOALS BEING MET…LOANS PROCURED…BOND PROGRAMS SOLD OUT AT MAX….
EURO BOND PROGRAM LAUNCHING IN JUNE (AS PER 2016 BUDGET)…RECONSTRUCTION LOANS (ALSO FROM BUDGET)…IDB (ISLAMIC DEVELOPMENT BANK)…JICA (JAPAN)…IFC (TODAYS ANNOUNCEMENT)…
CHINA…US…AND EVEN THIS MORNINGS NEWS OF GDB (GERMAN DEVELOPMENT BANK)…97% COMPLETION OF RECONSTRUCTION & PRIVATIZATION OF SOB ( A COMPLEX WB PROJECT ONGOING SINCE 2006) ALONG WITH MASSIVE PROGRESS IN THE OTHER 192 SOE’S…
DEPOSITORS INSURANCE IMPLEMENTING IN PRIVATE BANKS TO DRIVE CONSUMER CONFIDENCE…OIL LICENSE CONTRACTS UNDER AUDIT…
SUPERLATIVE PERFORMANCE IN IMF STAFF MONITORED PROGRAM…AND PREPARATION FOR SBA AND ACCEPTANCE OF ARTICLE VIII OBLIGATIONS….
CABINET RESHUFFLE COMPLETED ON SATURDAY WITH ABADI PRESENT…BIDEN SURPRISE VISIT TO BAGHDAD IS 3RD VISIT BY HIGH RANKING US OFFICIAL THIS MONTH…
LARGEST SHIP IN IRAQI PORT THIS MORNING SINCE 1919…UNWAVERING REGIONAL &INTERNATIONAL SUPPORT FOR IRAQ REFORMS (G7 PENDING MAY MEETING)…ADDED TO INTENSE INTERNAL IRAQ CLERIC PRESSURE FROM SADR…MORE ISIS CASH DESTROYED AND VILLAGES LIBERATED SOUTH OF MOSUL…
_firefly_ says():And Alak is still the CBI governor on the IMF website
sassy says():rcookie love the depositer insurance
jimplants says():thank you for the news good night be blessed another excellent news day
rcookie says to sassy():SPELLS CONFIDENCE TO A SECTOR THAT NEEDS IT……
Hutch says to _firefly_():(y)
sassy says():rcookie very important as far as I am concerned
rcookie says to jimplants():HEY JIM….YVW..
Hutch says to wilson6060():WILSON GO !!!
_firefly_ says to Hutch():YAWN … GM 🙂
wilson6060 says():Do they think the cabinet reschuffle will be complete on Sat
rcookie says to wilson6060():THATS WHAT ALL OF THE REPORTS ARE SAYING….AND THAT ABADI WILL BE PRESENT….
_firefly_ says to wilson6060():IMO it will complete at the appointed time
rcookie says to wilson6060():BUCKLE UP!!!
wilson6060 says():TYVM all
Hutch says to wmawhite():GOOD EVENING MR WHITE ! ANYTHING TO ADD?
rcookie says():THANKS EVERYONE!!!
rcookie says():THANKS BGG!!
Read More: http://www.dinarupdates.com/showthread.php?33999-Newstime-with-BGG-Rcookie-4-28-2016
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