Chat Room Excerpts & Highlights
rcookie says():NOW THAT JORDANIAN BORDER CROSSING REOPENING IS PROBABLY DRIVEN WITH THE NEWS LAST WEEK OF 20,000 US TRAINED SUNNI FORCES BEING DEPLOYED ON IRAQ BORDERS OF JORDAN AND KUWAIT….
rcookie says():Documents … the Federal Court stands on the mound in the interpretation of Thursday ‘s session Posted by: admin2 24 April, 2016 Policy
Home 10 policy 10 documents … the Federal Court stands on the mound in the interpretation of Thursday ‘s session
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ol lar says to rcookie():I hate to seem ignorant but can you answer me a question, did the IMF tell Iraq not to let their reserves get below 52 Billion? And don’t the Auctions actually sell off the reserves? And thirdly , If the first two answers are yes then are there any acurate numbers on where the reserves are now?
rcookie says():OK….THA IS A GREAT QUESTION AND WILL PUT TO REST SOME OF THE UNINFORMED STATEMENTS FLOATING OUT THERE …EVEN IN THIS ROOM…BECSUSE OF NOT SIMPLY READEING THE PLAN…
rcookie says():IRAQS RESERVE STATUS IS EXACTLY…..EXACTLY…EXACTLY WHERE IT IS PROGRAMMED TO BE (ACTUALLY A LITTLE AHEAD) FROM THE IMF TECHNICAL ASSISTANCE ACTION PLAN THAT TAKES THEM THROUGH 2018….AND BEYOND…
rcookie says():IT IS 100% CLEARLY OUTLINED IN THE 2016 IMF LOI/MEFP/TECH MOU…THAT THEY ARE PROGRAMMED TO BE AT 43 BILLION IN RESERVES AT END OF 2016…
rcookie says():YES…THERE HAVE BEEN RECENT REPORTS OF THE RESERVES AT 55 BILLION AND 89.9 TONNES OF GOLD…
rcookie says():I WILL EVEN ONCE AGAIN SHOW WHERE YOU CAN FIND THE CBI STATEMENT WITHIN THE IMF ACTION PLAN FRAMEWORK SO YOU CAN SEE WHERE THEIR RESERVE LEVELS SHOULD BE YEAR TO YEAR…
rcookie says to ol lar():OL LAR…YOU READY…AND ANYONE ELSE INTERESTED…
rcookie says to ol lar():NOW BATTING…MANNY MOTA…MOTA…MOTA…MOTA..
Hutch says to rcookie():peanuts!… HOTDOGS….getcha HOTDOGS right here !
rcookie says to ol lar():OL LAR LEAVE…
eman4u55 says():we need a pitcher not a glass of water!!!!
da58 says():This is an interview synopsis.. regarding the history, present – of the key players – very interesting..has lots of the background on the key players in Iraq… Sadr, Maliki, Alawi, Hakim, Mahdi, Jaafari, Hussein, the Dawa party, the Baathists, Iran… wow… this guy interviewed… good read… LINK
Hutch says to rcookie():clock is on
rcookie says to da58():HE HAD A GREAT QUESTION…I HAD TO GET LINK..BECAUSE I HAVE PDF..
rcookie says to ol lar():OK YOU READY…
ol lar says to rcookie():yep
rcookie says to ol lar(9:56 AM): https://www.imf.org/external/pubs/ft/scr/2016/cr1611.pdf
rcookie says to ol lar():GO TO PAGE 9
rcookie says to ol lar():YOU SEE TABLE 2…
ol lar says to rcookie():looking
ol lar says to rcookie():Actual budget execution during January-August?
ol lar says to rcookie():never mind yes I see table 2
rcookie says to ol lar():OK …NOW LOOK AT LASTVROW…TITLED GROSS INT’L RESERVES IN US BILLIONS…
rcookie says to ol lar():SEE IT…
ol lar says to rcookie():42.5
rcookie says to ol lar():TELL ME WHERE THEY ARE PROGRAMMED TO BE A END OF 2016…
Dr Dave says():Man RC you deserve an award for all you efforts here
rcookie says to ol lar():SO IF THEY ARE AT 43 B AT END OF 2016 THEY ARE SLIGHTLY AHEAD OF WHERE THE IMF HAS THEM PROGRAMMED TO BE…THE SKY IS NOT FALLING…WOMEN AND CHILDREN ARE SAFE….AND YOU ARE FREE TO WALK ABOUT THE CABIN…
ol lar says to rcookie():ok ,so do the auctions onlt sell dollars? or both to regulate inflation
ol lar says to rcookie():just trying to understand why the stopping of auctions is so important ,if it is
ol lar says to rcookie():BTW thanks for taking the time to educate me
rcookie says to ol lar():CBI Control
One short sentence answers all these questions: the Central Bank of Iraq regulates the flow of money through controlled auctions
rcookie says to ol lar():Needless to say, this is not normal. In most other countries, money can be easily exchanged into a number of currencies at the will and whim of any citizen. The exchange rates are allowed to move freely according to the forces of supply and demand, interest rates, etc.
rcookie says to ol lar():“Every day since 2004, the CBI has held an auction through which hard currency is sold to banks, companies and traders in exchange for evidence of import and transaction receipts. The auctions aim to prevent market speculation and stabilize the exchange rate of Iraqi dinars to the US dollar.”
rcookie says to ol lar():The purpose of these auctions is to control the IQD:USD exchange rate by controlling the amount of USD circulating in Iraq. At these auctions, USD is issued exclusively to banks, companies and traders for the purpose of conducting business transactions with foreign entities (ie: importers, securities traders, banks, etc).
By controlling the amount of USD available in Iraq, the Iraqi government controls the value of the USD relative to its own currency, thereby stabilizing the dinar.
rcookie says to ol lar():Cracking Down on Auction Abuses
Things were going really great for years, until evidence turned up that some buyers at these auctions were falsifying their transaction receipts, enabling them to purchase more USD than their business activity legitimately entitled them to have.
The government believes much of the excess dollars purchased were smuggled across the border into Iran, which has a shortage of hard international currency due to sanctions. Money laundering and black market demand account for the remainder of auction abuses.
ol lar says to rcookie():nice, got it, thanks you’re a good sort
rcookie says to ol lar():Anger Over Weakening Dinar
Iraqi citizens and businesses who do not have dealings with foreign entities are understandably angered by CBI controls aimed at keeping the dinar weak. A weak currency means citizens and businesses need to pay more for goods and services, especially since so many goods are still being imported from abroad.
rcookie says to ol lar():the CBI must take “full responsibility for the fall of the … Iraqi dinar … because of its restrictive measures in granting permits to exchange companies.” And Mohammed Khalil, an official on Iraq’s Economic and Investment Committee, accused the CBI of deliberately “hinder[ing] the flow of US dollars into the market.”
rcookie says to ol lar():Hussein al-Yasiri said some banks have stopped selling dollars to regular customers and instead have been selling them to exchange companies.
This has prompted Iraqis to buy dollars from the exchange companies at prices favorable to the companies. The exchanges are not subject to government monitoring.”
rcookie says to ol lar():AND THAT IS WHAT HAS CHANGED RECENTLY WITH THE NEWS OF RAFIDAIN & RASHEED NEWLY EESTRUCTURED BRANCHES OPENING ALL OVER IRAQ OFFERING 1 STOP COMPREHENSIVE BANKING SERVICES TO CUSTOMERS AS NEVER BEFORE… GENERAL… STOCKS.. BONDS…LOANS AND AUCTION WINDOWS…WHICH REMOVES THE SHYLOCKS AND SPECULATORS..
rcookie says to ol lar():THIS IS BASICALLY WHAT HAS UNDERMINED THE AUCTION MISSION STATEMENT…
wmawhite says to rcookie():Interesting in that the Rafidian and Rasheed seeling directly to the citizens ought to correct what the individual above is complaining about.
ol lar says to rcookie():some here seem to be down on this , these are major advancements to a free market system, I don’t get it
ol lar says to rcookie():very pumped
rcookie says to ol lar():WELL SPOKEN…
wmawhite says to ol lar():The sky could part in the east and we could be blinded by the light and some paople would complain that the sky was falling…..
rcookie says to wmawhite():AGREED….AND ANOTHER INTERESTING POINT THAT WE MENTIONED IN PREVIOUS CALL…..WHO OWNS RAFIDAIN & RASHEED BANKS…….
wmawhite says to rcookie():MoF
wmawhite says to rcookie():people*
rcookie says to wmawhite():SO ISNT IT INTERESTING THAT ABOUT A MONTH AGO WHEN AN ECONOMIST SUGGESTED THE MOF HANDLE THE AUCTIONS…
THE VERY NEXT DAY ALAK WAS IN MNEDIA SAYING THAT ALTHOUGH TECHNICALLY MOF COULD BE INVOLVED IN AUCTIONS…IT WOULD BE BETTER IF CBI CONTINUED TO OVERSEE…..
AND NOW AUCTIONS WITH THE NEWLY IMPLEMENTED PROCESSES…ARE IN SOME OF THESE NEWLY RESTRUCTURED BANKS OPENING UP THROUGHOUT THE COUNTRY…
wmawhite says to rcookie():not coincidental…
rcookie says to wmawhite():DIRECTLY TO CITIZENS….
puffdragon says to rcookie():Isnt the MOF Hosuer Zubari and isnt he on the long crooks list ?
rcookie says to ol lar():HOPE THAT HELPS…(y)
ol lar says to rcookie():awesome sir thanx
rcookie says to puffdragon():HE IS….MUST HAVE PICTURES OF SOMEONE….
rcookie says():I WOULD SAY SO…
rcookie says():WOW…REPORTS THIS MORNING OF PESHMERGA CLASHING WITH SHIITE MILITIAS….
puffdragon says to rcookie():I learned much from that also rcookie, you do a very good job of explaining this THANKS ALSO.
rcookie says():Kurds and Shiite militias, uneasy allies in ISIS fight, clash in northern Iraq
Mohammed Tawfeeq and by vBulletin® Tim Hume , Cnn Updated 11:07 AM ET, Sun April 24, 2016
rcookie says(): http://translate.google.com/translate?depth=1&hl=en&prev=search&rurl=translate.google.com&sl=ar&u=http://www.faceiraq.com/
rcookie says():AND PESHMERGA ABOUT TO GET A LOT OF NEW TOYS AND EQUIPMENT…
rcookie says():Iraqi National Alliance meeting
Law and exclude citizen held “comprehensive” parliamentary session next Tuesday or modify the current government
Author: ZJ Editor: BK, BS 24/04/2016 18:15 Number of Views: 100 Long-Presse / Baghdad
Ruled out the State of Law coalition, on Sunday, Parliament was able to hold a comprehensive meeting, likely the survival of the current government and not to replace them as a result of holding many political blocs respective ministers, while the Islamic Supreme Council stressed that the priority is to reunite the parliament that is then considered the issue of cabinet reshuffle, and revealed the existence of a trend of pairing between cabins “closed envelope” and proposed by the political blocs and exit to “recap” agreed and satisfactory to the people.
State of Law Coalition: stuck blocs respective ministers toppled ministerial amendment
Has questioned the leadership of the coalition of state law, Jassim Mohammed Jaafar, in an interview to the (long-Presse), the possibility of “managed the House of Representatives held a session full board on Tuesday,” attributing it to “the Council is still divided into two parts.”
He added Jaafar, that “the State of Law coalition and Kurdish forces are trying not to be a party with those who call themselves the people of legitimacy,” he returned to “the president’s initiative, Fuad Masum, introduced the subject of the Presidium of the parliament for a vote again good, as it can lead to the survival or changed. ”
And on the cabinet reshuffle, said the leader of the coalition headed by Nouri al-Maliki, that “the Kurds Minister current stay in office, and the Supreme Islamic Council wants to keep the oil minister, Adel Abdul-Mahdi, and the foreign minister, Ibrahim al-Jaafari, adheres to stay or be He replaced the senior leader in his movement, Faleh al-Fayad “.
He Jaafar, that “the Sunni forces in turn, wants to keep its ministers, therefore, directed the Prime Minister, Haider al-Abadi, is to retain the current government and not be modified”, continuing that “Abadi said during the presidency of the last meeting of the government, last Tuesday (the 19th of April the current 2016), the need to work together and provide services, the implicit message that they are staying in their positions. ”
rcookie says():Supreme Council: Priority reunion Parliament
For his part, leader of the Supreme Islamic Council, Hamid Maaleh, in an interview to the (long-Presse), “The priority for the Council during the parliamentary session next Tuesday, is the creation of a unified parliament and compatibility in the form of his presidency, and if it can display cabinet reshuffles.” .
The leader of the council, which is headed by Ammar al-Hakim, that “reforms are not limited to reshuffle only, because it is the most comprehensive of it,” he continued, “As for the partial cabinet reshuffle and the proposals of the cabins closed envelope that was some of the characters to accept the withdrawal of others, modified cab provided by the political forces according to the specifications that attribute it Abadi, there is a third public offering could be twinned between them and serve as a bottom line, to reach for something agreed upon by the forces of parliament and be satisfactory to the Iraqi people. ”
The Maaleh, that “the parliamentary session next Tuesday, there will be no provision of ministerial cabin, because the priority is to reunite the Council.”
He was President, Fuad Masum, called in (the 15th of this April), the reforms “real” according thoughtful program ensures end of quotas party in government departments and creating the economic crisis experienced by the country solutions, calling on the government and parliament to translate it in the form of practical programs , is open and transparent and specific Ptoukitat.
The presidency of the Iraqi Council of Representatives on Sunday, decided (24th of April 2016), held a comprehensive meeting, next Tuesday, to discuss the government’s reform and readiness to host the parliament, Prime Minister Haider al-Abadi, to display his booth ministerial.
It is noteworthy that the Iraqi political scene of severe congestion compounded by a sit-in group of deputies, and removal of the Presidium of the parliament, the center refused Speaker Salim al-Jubouri, a collection of important political blocs, recognizing the legitimacy of the procedure, while the Sadrists pressure on the current ministers to resign immediately, demanded a vote on “closed envelope” first, to resolve the current crisis List.
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rcookie says():AND REPORTS FROM YESTERDAY OF ABADI HAVING THIRD LIST AT THE READY….
rcookie says():JANABI GOING TO TRY TO COORDINATE THE NEXT SIT IN GATHERING FOR TUESDAY TO CAPITALIZE ON JABOURIS LEGITIMATE SESSION…AFTER JANABIS SIT IN FAILED AGAIN TODAY DUE TO LACK OF QUORUM….
rcookie says():GET YOUR HOT BUTTERED POPCORN HERE….CANT TELL THE PLAYERS APART WITHOUT A PROGRAM….
rcookie says():AND SADR PUSHED MILLION MAN PROTESTT TO TUESDAY JUST FOR SOME ADDED SPICE….
rcookie says():INT’L AGENCIES COMMENTING ON COUNTERPRODUCTIVE NATURE OF IRAQ WASTING SECURITY PERSONNEL & RESOURCES ON PROTESTOR CROWD CONTROL AND SECURITY…WHEN THEY ARE SO CRITICALLY NEEDED IN WAR ON ISIS…
TUJ says to rcookie():Alot of pressure continues to be applied however I don’t believe that the citizen protests/sit ins make any difference because they have no power and despite their impoverished situation, their impact is minumal unfortunataely.
TUJ says to rcookie():Compared to the bigger political picture
TUJ says():Have a lovely day everyone, unfortunately I will make no difference moving this rv forward by sitting here either. LOL (F)
KAT1 says to TUJ():Sadr has the power with the Iraqi people
Dr Dave says():Lack of quorum….never thought i would like to hear that
da58 says():just seems to me Abadi needs to start over – with the whole lot of em..
tman23 says():Tuz Khurmatu — After the Shi’ite militia Hashd al-Shaabi militants attacked Peshmerga in Tuz Khurmatu last nigh at 11:00 pm, heavy clashes broke out between the two sides in the city which resulted in the death of a Kurdish commander and a civilian.
On April 23, a militant group linked to Hashd al-Shaabi, directly affiliated with the former Iraqi Prime Minister Nouri al-Maliki, attacked the house of a Peshmerga commander in Tuz Khurmatu, and the Kurdish forces responded to their attack, resulting in heavy clashes which are still continuing.
According to the initial reports, scores of Shi’ite militias have been killed and several more injured. News has reports that the Shi’ite snipers have killed a civilian teenager and another Kurdish Peshmerga commander….
woodywoodpecker says():maliki needs to go.
tman23 says():He said the information Office of the House speaker, Salim Al-jubouri, the Presidium of the Parliament called for Prime Minister Haidar Al-Abbadi, to attend a hearing next Tuesday to view the cab.
He said media adviser to House speaker Ahmed mahgoub, in a press statement that “the meeting will be at 1 p.m. Tuesday, and will be inclusive of all parties”………..
And there is the confirmation to what was said Friday….Abadi new list will be in front of Parliament .. Jabouri will host, Abadi has an invitation to attend….AND Maliki through channels in directing shia militia to attack sunni and kurds……..
The vote of Abadi reforms will have Maliki and Jaafari lead once last attempt to upset the apple cart……….both these guys are realizing their days are now numbered……. The vote on the reforms is as close as they can get to national reconciliation for time being
Read More :http://www.dinarupdates.com/showthread.php?33792-Sunday-April-24-2016
DIGIman1 says():my whoop-o-meter has been going a lil crazy lately….i need to get it looked at i think….
Babe says():lol….need to have an RV ….so that your whoop-o-meter can retire
Babe says():actualization rather than anticipation
DIGIman1 says():i’ll donate mine to someone who really needs it….i wont be doing this again 😀
DIGIman1 says FOR SALE: Used Whoop-o-meter I am moving on and won’t be needing this anymore. Excellent condition, owned since new. New paint. Extremely well worn with very high mileage, but still has many usefull years left.
Has seen me thru 4 nervous breakdowns, 18 hissy-fits and atleast a dozen therapy sessions. Regular maintenance done including regular diaper changes. Priced to sell. Beat the rush.
ronda says():Illsee you one whoop pw meter for oone used slightly thrown hat
DIGIman1 says():only slightly used eh?……
ronda says():lol
DIGIman1 says():i just luvs bargains…lol
ronda says():bargains are the best
matt says():How old is that whoop-o-meter?
DIGIman1 says to matt():bought it in early 2013…
matt says to DIGIman1():well, that’s not very old at all…. some have had theirs a lot longer 😉
matt says to DIGIman1():mines over six… I stopped counting at that point lol
DIGIman1 says to matt():i was going to donate it to medical science, but the write-off just wasnt worth it
joyojoy says to DIGIman1():I’ll give you 1 Dinar for it because I think it will be valuable some day.
DIGIman1 says to joyojoy():SOLD
matt says to DIGIman1():I don’t know…. I’m sure they would be very interested to see if maybe the could determine why anyone would continue to put themselves through this
DIGIman1 says():some questions cannot be answered…..
matt says to DIGIman1():if it would just rv none of us here would care 🙂
DIGIman1 says to matt():thats it…..
DIGIman1 says to matt():hard to care if yer not here….
matt says to DIGIman1():fleeting memories of sweet dinar rv dreams… now most just take the wait and see attitude
DIGIman1 says to matt():yup…..thats what the years do……sigh…..
matt says to DIGIman1():yes, the news is great…. but it always has been depending on who has been interpreting it lol
DIGIman1 says to matt():we are here to take care of those that are running around like lil chihuahuas screaming ‘i gots dinar!’…..
matt says to DIGIman1():yes, it seems that some cheer them right along
DIGIman1 says to matt():interpretation is great as long as the opinion stays out of it…..
DIGIman1 says to matt():know what i mean? keep it separated…
matt says to DIGIman1():give them a few years under their collar… they’ll settle down. I tend to think that there is always opinion in interpretation lol
DIGIman1 says to matt():exactly….
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