Chat Room Excerpts & Highlights
rcookie says():CBI BORROWING $2 BILLION FROM IMF….
rcookie says():IRAN & IRAQ CENTRAL BANK GOVERNORS MEET AND SIGN MOU FOR COOPERATION ON BANKING……
rcookie says():EXECUTIVE DIRECTOR PRIVATE BANKS STATES IRAQ HAS LIQUIDITY PROBLEM BECAUSE OF MANAGEMENT OF FUNDS AND THAT SOME MINISTRIES HAVE SURPLUSE WHILE OTHER DEFICITS…..
jd says):Corruption and unity will be hard to solve in Iraq.
rcookie says():NAJIB WANTS AUCTIONS STOPPED IN PRIVATE BANKS COMPLETELY BECAUSE MOST CORUPTION EVIDENT THERE…
rcookie says to jd():NEWSFLASH….THAT IS WORLDWIDE…LIKE SAYING THE SKY IS BLUE…
rcookie says to jd():DO YOU FOLLOW WORLD NEWS…
rcookie says():MUCH OF THE $2 B IMF LOAN WILL GO TO KURDS AND PESHMERGA FORCES…
rcookie says():Economy: an order in private banks only solution to reduce corruption
Economy Since 2016-03-22 at 20:34 – The balance of news
The Commission on economy and investment representative, Wednesday, that funds the Central Bank intends to borrow from the International Monetary Fund is very simple in terms of duration or interest, noting that they need prudent management of exploited optimally and actor.
Najiba, said Committee member Najib, l/balance news “loans which Central Bank Governor announced to close relations obtained from the International Monetary Fund is up to two billion dollars,” saying it “very easy, in terms of duration and interest.”
clay says to rcookie():GM bud thanks for the call
rcookie says():Najib said that “these loans show that the transition Government is sensitive to the need for money, especially since the wars with daash still.”
Najib called “there are lot of Kurdistan from those loans for allocation to employees of KRG and Peshmerga forces.
Najib stressed that “there from those loans unless there is a Government Department (wise) and able to manage effectively.”
Central Bank Governor Ali al-allaq, revealed Wednesday in a television interview that Iraq would meet soon with the IMF for a loan, adding that Iraq has the right to grant assistance and facilities when in crisis. All over From: Ahmed zemim
rcookie says():http://www.microsofttranslator.com/b…258A%25D8%25A9 LINK
clay says to rcookie():so is that big meeting still on for Saturday
clay says to rcookie():The WB IMF UN
jtank says():gm rcookie- why the loan?
Zig says(7:32 AM):
Yeah, jtank…..you would think that if they were close to adding a lot of value to the Dinar that no loans would be needed at this time….IMO
larrykn says to Zig():countries get loans all the time even it they are not revalueing, its just doing business
larrykn says to LLN65():I bet lol
LLN65 says(): rcookie says(): CBI CUTTING AUCTION SALES 50% …..
Read More :
http://www.dinarupdates.com/showthread.php?32278-Wednesday-March-23-2016&p=148495#post148495
jtank says():me to zig- maybe we arent that close
jtank says():could be smoke
Zig says():Shhhhhh……lol……don’t say that out loud!!
clay says to Zig():good business is to use other peoples money
Zig says():I suppose you aren’t a legit global economy if you don’t have tons of debt….lol
clay says to Zig):good way to look at it 😎
Zig says():Someone should write a book about all this titled “Go RV”……maybe rcookie or wmawhite will write this story….lots of twists and turns, many crazy characters and plots…..scams……good peeps…..con artists…..peeps in prison….wow……at least 500 pages…..
mudder says to Zig():Please…. Reading what these nutz say on the net, chat and otherwise is enough….
Zig says():Enough for us….yes….lol…..but most people know nothing of this experience….and how it unfolded…..stranger than fiction…..
mudder says to Zig():Now… Reading the books about people going broke in 1,3,6 months a year will be entertaining….lol
mudder says to Zig():And their will be MANY!!!!
Woodywoodpecker says():GM and yes there will be
Zig says():Great example of how the internet brought this to so many peoples’ attention….most of us would not know a thing about this if we weren’t online….
mudder says():It’s such a shame…
jtank says():u wont read about me going broke-seen too many scammers – talkers – lotta bs out there
Zig says():A couple of emails about the Dinar from a couple of peeps I met online and here I am…..lol….6 years later….
rcookie says():After heavy losses .. Baghdadi ordering the elements to withdraw from the streets and markets of Mosul (Details)
23-03-2016 02:30 PM The elements of al – Daash to withdraw from the streets and markets of the city of Mosul and the evacuation of the role that inhabit implementation of the directives of their leader Abu Bakr al – Baghdadi, according to the quoted sources from within the city.
According to those sources, that the ‘organization Daash terrorist leader Abu Bakr al – Baghdadi issued directives to the elements after heavy losses received by the organization by the international coalition strikes on the positions and the latest of which was the bombing of warehouses and rallies at the University of Mosul. ”
rcookie says():It also sources pointed out that the ‘leaders Daash Mosul informed its members of all orders Albgdaa issuing inter directives and instructions of the bearing seal and distributed to the leaders and members of the organization in Mosul and included a full withdrawal from the market and prevent the elements of shopping , accompanied by their families and not to gather at the sites and headquarters unless absolutely necessary.’
She added that ‘orders also included the lack of assembly under the bridges and tunnels being exposed by everyone and exposed to shelling in case there is more than one item in one location.”
They also pointed out that those sources ‘decisions also included the withdrawal of all elements of the so – called Diwan of calculation from the streets of Mosul and close all of its branches and the headquarters of the so – called Bdoowin Zakat money, travel and mosques.’
Zig says():Not really…..I know a man in my city that owns lots of properties……is a multi-millionaire……but looks and acts like anyone……dresses simply and drives an ordinary car……nice man……does not flaunt his wealth…..it’s how you act……just don’t change drastically….jtank….don’t wave your cash in the air…..lol
rcookie says):http://translate.google.com/translat….faceiraq.com/
http://translate.google.com/translate?depth=1&hl=en&prev=search&rurl=translate.google.com&sl=ar&u=http://www.faceiraq.com/
thenextbigidea says():Rcookie: Is that saying that ISIS is withdrawling from Mosul?Good Morning everyone
jarhead says():no i think troops backed out…heavy losses
jarhead says():clay lol
thenextbigidea says():our troops?
jarhead says():iraq’s
clay says to thenextbigidea():and the kurds
clay says():so whats the date
jtank says():which is it – who withdrew from mosul- good guys or bad guys–
clay says to jtank():bad
clay says to jtank():not sure if they withdrew out or just consolidated
tman23 says():MOSUL — Nineveh police reported today,March 23 that the so-called Islamic State (IS) Caliph has issued some decisions for IS jihadists to protect them from airstrikes.
A military source told BasNews that IS leaders have informed all the jihadists of the decisions and orders recently made by the IS Caliph. One of the decisions is to withdraw from markets and refrain from going shopping with their families, and avoid gathering around the military stations unless it is necessary.
Another decision is to avoid the tunnels and bridges since they are easily targeted by the airstrikes, and IS has withdrawn its members from most of the administrative locations, the source continued. “The streets of Mosul are now completely cleared of the IS jihadists” the source added
jarhead says():oh good isis withdrew
jarhead says():tks tman
clay says to tman23():great news thanks
clay says to tman23():any change from the 26th and 27th
larrykn says to clay():yes un, imf, wb , adibi new cabnet,, 27th companies changing prices, gets one to go hmmmmmmmmmmmm 🙂
clay says to larrykn():praying the prices lower
jarhead says():yes and all da big wigs coming
jarhead says():this could possibly be it my friends
larrykn says to jarhead():very well could be, not calling it but boy does it look good 🙂
clay says to jarhead()from your mouth to GODs ears my friend
clay says to jarhead():praying
tman23 says():75% od Mosul is unemployed……. Those that are employed and operating stores/shops are said to be members of ISIS……. ISIS has not withdrawn……moreless they are embedded inside the middle of the 75%…….
The reason for delaying an assualt in Mosul is WHO will rule the city once it is liberated…… there are Turks, Arabs, Sunni, and a mixture of tribals………. and like everywhere in the ME…….once one group is eliminated 4 others beging the fight for power…….
jarhead says():me too clay me too
tman23 says to clay():I see Alak (CBI) went to Iran and signed a MOU for banking cooperation……
jarhead says():heard his mansion has cost taxpayers 7 mil so far
larrykn says to tman23():I’m surprised Alak is still there
clay says to tman23():saw that does that have any bearing on what we want IYO
tman23 says to clay():All currency speculation is just that……. I can bring up a few questions about the currency and it would be met with attacks and vile because there are no reasonable explainations……
There is no doubt that with Moon, Kim, Legarde being present this weekend is HUGE…….. and Abadi to have chosen his cabinet Saturday…….. So some form of announcement is coming……..
I speculated on all this taking place this weekend early last week……BUT Legarde appearance is a BIG SURPRISE……
clay says to tman23():agree thanks
clay says to tman23():as always
rcookie says():WITH THE NEWS OF THE PENDING IMF…WB AND UN MEETINGS AND PRESENCE IN IRAQ THIS WEEK…AS A BACKDROP TO TODAYS NEWS OF LOANS FROM IMF AND WB….
WANTED TO PROVIDE A LITTLE BACKDROP OF UNDERSTANDING AS TO THE WORLD BANK PRESENCE AND ROLE IN IRAQ…SINCE 2007…
AND HOW IT PLAYS TO THE CURRENT MOVES IN TRANSITIONING FROM STATE OWNED ENTERPRISES (SOE’S) TO PRIVATE SECTOR ECONOMY…AND RESTRUCTURING OR ELIMINATION OF THESE ENTITIES IN IRAQS FUTURE…
tman23 says to clay():Figure……..You do not get Moon, Kim, and Legarde in the same forum that takes place in an area like Iraq…….. So Baghdad had placed a wall around it…..raised security…….
EVEN citizens were saying that NO bombings, shootings, kidnappings have taken place in Baghdad since Fridays sit in…….
Tells us 1 thing……Baghdad is locked down……and setting up for the BIG PLAYERS coming to town…….. I would not pay attention to anything else except the coming weekend……. It is THEE GRAND FINALE……..
wmawhite says to R&R():first thing, as of today there is no exchange between the USD and IQD via the central bank system. Currently, inside of Iraq the CBI buys IQD from the banks inside of Iraq and pays the banks with USD. This process is called the “auctions’>….and it is the auctions that the article was referring to about the sales being reduced to half.
clay says to Baxter1243():ok
clay says to wmawhite():thanks auctions always confused me
R&R says to wmawhite():Thank you. I was curious because they were talking about the CBI “failing” to reduce the auctions by half, but we’re around $80 million down from $200 million in January … that’s over half?
wmawhite says():yw
R&R says to clay():Holly brought in a ton of interesting Facebook posts from Iraq this morning. One of them even made reference to John Maynard Keynes…. looks like they are starting to study Western economic theory now 🙂
wmawhite says to R&R():alot of times the translations are close but do not give us the complete detail and intent of who is being quoted.
REDUCE BY HALF….
clay says to R&R():oh buddy looking real good
R&R says to rcookie():GM rcookie … and thank you (y)
rcookie says():WITH THE NEWS OF THE PENDING IMF…WB AND UN MEETINGS AND PRESENCE IN IRAQ THIS WEEK…AS A BACKDROP TO TODAYS NEWS OF LOANS FROM IMF AND WB….
WANTED TO PROVIDE A LITTLE BACKDROP OF UNDERSTANDING AS TO THE WORLD BANK PRESENCE AND ROLE IN IRAQ…SINCE 2007…
AND HOW IT PLAYS TO THE CURRENT MOVES IN TRANSITIONING FROM STATE OWNED ENTERPRISES (SOE’S) TO PRIVATE SECTOR ECONOMY…AND RESTRUCTURING OR ELIMINATION OF THESE ENTITIES IN IRAQS FUTURE…
rcookie says():THIS FROM THE GPF (GLOBAL POLICY FORUM) REPORT IN 2007 DESCRIBING THE WORLD BANKS MISSION IN IRAQ….SOMETHING TO THINK ABOUT AS THE PESIDENT OF WORLD BANK SPEAKS TO PARLIAMENT THIS WEEKEND AND THE PENDING LOANS REPORTED…..
rcookie says():What the Bank is doing in Iraq
The World Bank’s stated mission for Iraq is to “help Iraq build efficient, inclusive, transparent, and accountable institutions for stability, good governance, and sustainable economic prosperity.” Activities are guided by a 2006-7 Interim Strategy Note (ISN) and based on four pillars:
rcookie says():restoring basic service delivery, enabling private sector development, strengthening social safety nets, and improving public sector governance.
rcookie says():The Bank is currently providing both lending and technical advice to the country. It also administers one part of the International Reconstruction Fund Facility for Iraq: the World Bank Iraq Trust Fund (the UN’s Development Group Trust Fund is the other part).
rcookie says():* Lending: The ISN provides a framework for up to $500 million in IDA resources. Another $500 million in IBRD resources may also be available, contingent upon improvements in creditworthiness. The Bank’s website lists three active IDA projects with commitments totaling almost $300 million.
The IFC, the Bank’s private-sector arm, is supporting four private investments in the country totaling $297 million, including a SME-based project involving a Jordanian bank and a Commercial Bank project involving the National Bank of Kuwait (which is also, incidentally, part of a consortium managing the Iraq Trade Bank).
David[X25SNDAUGTUKHUQWI6BTABCMVI@yahoo..] says():GM to all and rcookie , BGG and Mr. White. I was traveling and listen to your conference replay just now. As usual you guys are the Walter Cronkites’ of Iraq and the ME. Thank you.
rcookie says():HMMM…NATIONAL BANK OF KUWAIT PART OF A CONSORTIUM THAT MANAGES IRAQI TRADE BANK…
David[X25SNDAUGTUKHUQWI6BTABCMVI@yahoo..] says():When you think about the size of the resources being applied to one country with 37 million people it is kind of overwhelming and tells you how important Iraqs rejuvenation is the the biggest players in the world.
rcookie says():* Analytical & Advisory Services: The Bank is also providing policy reform papers on key issues and sectors, and organizing policy dialogues. Examples of Iraq reform paper topics include: economic reform, investment climate, and state-owned enterprises.
One WBpolicy reform paper (United Nations and World Bank Joint Needs Assessment: Investment Climate (October 2003)) urges Iraq to quickly develop institutions and laws in favor of private and foreign investment. The Bank is also the lead adviser to the IMF’s Iraq program on sectoral strategies including, inter alia, the oil sector.
rcookie says():ANALYTICAL & ADVISORY POLICY REFORM PAPERS WITH OUTLINES (BLUEPRINT) FOR REFORM TOPICS…ECONOMIC REFORM…INVESTMENT CLIMATE…SOE’S…AND MENTIONS THE WB JOINT NEEDS ASSESSMENT …
WHICH URGES AND DIRECTS IRAQ TO QUICKLY DEVELOP INSTITUTIONS AND LAWS IN FAVOR OF FOREIGN AND PRIVATE INVESTMENT!!!!!!!
rcookie says():SO WHAT WE ARE SEEING IN DAILY NEWS FROM EVERY POSSIBLE ANGLE AS A “PRIVATE SECTOR” NARRATIVE…IS NOT SOMETHING THEY JUST FRESHLY STUMBLED UPON…
BUT RATHER A 9 YEAR STRATEGY AND TRANSPARENT PLAN FOR PRIVATIZING AND RESTRUCTURE OF THE SOE’S AND TRANSITION TO PRIVATE SECTOR AND OPEN MARKET SYSTEM & ECONOMY….
rcookie says():* Iraq Trust Fund: Through the World Bank Iraq Trust Fund, the Bank finances at least 15 active and completed projects totaling over $400 million, primarily in the Water/Sanitation, Transportation, and Education sectors.
rcookie says():* Office: Bank activities in Iraq have been directed through an office in Amman, Jordan since shortly after the fall of Saddam Hussein. Country Director Joseph Saba is based in Washington, DC. However, Paul Wolfowitz has recently made moves to beef up the Bank’s presence in the country, negotiating a contract with a new resident country director to be based in Baghdad’s “Green Zone”.
rcookie says():REMEMBER THIS WAS FROM 2007….NOW THIS IS SOME OF WHAT TO KEEP IN MIND AS THEY MET THIS WEEKEND….SOME PRETTY POIGNANT STATEMENTS HERE…
rcookie says():Moving forward…The World Bank’s involvement in Iraq provides critical fuel for analyzing the institution’s engagement in post-conflict situations.
rcookie says():POST CONFLICT SITUATIONS..
rcookie says():Do privatization and conditionality in post-conflict lending really enhance prospects for peace? What is the proper role for the Bank?
rcookie says():The IFIs must tread carefully in resource-rich countries. Iraq’s oil may in fact be a “resource curse”, given the correlation between abundant mineral wealth (in Iraq’s case, oil) and negative economic and political consequences.
rcookie says():A RESOURCE CURSE!!!!…INTERESTING..
Zig says():Huh?
Zig says():Too dependent on it?
rcookie says():An even more central concern is whether the liberalization and privatization of Iraq’s economy will alleviate or exacerbate the conflict, given the country’s current inability to successfully distribute resources and profits.
The IFIs must provide thoughtful development assistance, not use their influence to drum up business in a barely stable post-conflict environment. And the main beneficiaries must be Iraqis, not international consulting firms, international oil companies, the IMF or World Bank.
rcookie says to Zig():YES….SINGLE MINDED…”NON DIVERSIFIED ECONOMY”…WHICH IS WHY THEY AND THE REST OF THE REGION IS IN THE ECONOMIC STATE THAT IT IS…
rcookie says to Zig():AND WHY YOU READ STATEMENT AFTER STATEMENT FROM THE 3 ENTITIES THEY ARE MEETING WITH THIS WEEK…PONDING THE DRUM…
AND DRIVING THE ISSUE OF DIVERSIFYING AWAY FROM OIL RELIANCE….SO WE DONT HAVE TO READ EVERY ARTICLE START & FINISH WITH THEM WHINING ABOUT LOW OIL PRICES….
rcookie says to Zig():DID YOU SEE THE STATEMENT OF CONCERN ABOUT PRIVATE SECTOR CONCERN FROM WB…ABOVE^^
Zig says():Yes…but what will “concern” lead to?…..hopefully change and action….
rcookie says to Zig():THEY HAVE CHEWED ON WHETHER IRAQS MOVE TO PRIVATE SECTOR AND MORE LIBERAL ECONOMY…
WILL IMPROVE OR WORSEN THE ECONOMY DUE TO IRAQS INABILITY TO SUCESSFULLY DISTRIBUTE THE RESOURCES AND PROFITS…
AND ACTIONS TO ASSURE THE BENEFICIARIES ARE THE IRAQI CITIZENS!!!!…..
Zig says():Yeah….not easy to do when diagreement rules….will never happen quickly IMO….these changes evolve slowly….
rcookie says to Zig():ZIG…THEY HAVE DONE NOTHING BUT ADDRESS THE MECHANISMS OF CHANGE THROUGH LAWS & REGULATION IMPACTING PRIVATE SECTOR FERTILITY & OPPORTUNITY..AND WE ARE WITNESSING IMPLEMENTATION EVERY DAY….
Zig says():I know they are addressing these things…okay….we remain optimistic….
rcookie says():CORRECT….THEY ARE …AND HAVE BEEN….
NWBeauty says():GM all…Listening to the call from yesterday. Ban KiMoon and Legarde visit is the quarterly review from the IMF MOU … Fireworks are just icing on the cake. That’s how they do!!
rcookie says():ANYONE WANT TO READ THAT WORLD BANK WORKING PAPER…..
rcookie says to NWBeauty():GREAT POINT!!….
NWBeauty says():Report card prior to the next monetary infusion. You check in with your college kids before writing another check, too…
rcookie says to NWBeauty():THAT WB REPORT DOESNT HAVE DATE AND RATE BUT HAS INCREDIBLE BACKGROUND OF WHAT THEY HAVE BEEN WORKING ON AND HOW IT TRANSLATES AND RELATES TO EVENTS WE ARE SEEING TODAY….
NWBeauty says():There is HOPE there and PROMISE, but TRUST is hard to find.
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