Excerpts & Highlights
hub says(): used my snow blower last evening, picked up a rock, threw it against the house, wife was setting on the porch having a 44 oz dr pepper and it scared her, she dropped it on the cat, it jumped up and and clawed the dog, since it was 70 degees my wife was letting her $500 parrot get some sunshine, the dog knocked the cage over, the bird flys to the nearest tree…. i climbed up to get it, the bird flies back to the cage and i fell out of the tree…. im ok, but i hate that durn snowblower and will never get in out again…..
rcookie says(): The Secretary-General of the Union of Arab Banks, that “Iraq needs to develop the banking sector and infrastructure and the system of information and training for capacity building,” revealing “an intention to hold an investment conference in Iraq under the title of (Iraq Economic Forum).”
And between Fattouh, that “preparations are underway to hold the conference,” returned him “a good opportunity to bring Arab and foreign investors to Iraq, opening the door for investment in Iraq’s banking sector.”
Read More :http://www.dinarupdates.com/showthre…th-Union-of-Ar
rcookie says(): He Fattouh, the EU was ready “to provide assistance to establish the Association of Iraqi banks and the development of the foundation of his regime,” pointing out that “this should be done in Iraq.”
The experts and officials, bankers and Financial enemy in the (January 2016 9) that the government go to support the private sector and face the repercussions of the financial crisis “will not result in” desired results “unless” provide legislative and legal environment that supports the banking sector,
Read More :http://www.dinarupdates.com/showthre…459#post143459
rcookie says(): The head of the Council of Ministers, Haider al-Abadi called in (the 12th of December 2015 the past), the banking sector to make a “leap quantity and quality” in its activities, and stressed the government’s determination to activate the role of private banks, while warned of “obstacles” to delay the work of banks put own, he pledged to “hold negligent.”
The banking system in Iraq is made up of 43 banks, as well as the central bank, and are distributed according to government ownership between seven and 30, including an Islamic civil seven, as well as six foreign banks and is distributed as follows: 600 branches throughout Iraq
Read More :http://www.dinarupdates.com/showthre…459#post143459
subgirl says(): while warned of “obstacles” to delay the work of banks put own, he pledged to “hold negligent.”
rcookie says():SO MUCH IN LAST 2 DAYS!
subgirl says():EXCITING!!! 🙂
rcookie says():INVESTMENT CONFERENCE…DEVELOPMENT OF BANKING SECTOR…..
jimplants says():arab and eu investors we can not be far behind
AND THE NETOWKING ABADI DID AT DAVOS ECONOMIC CONFERENCE…..
rcookie says():ESTABLISHING THE ASSOCIATIO OF IRAQI BANKS………N
nick says():nothing going on in IRAQ all a bunch of slackers
jimplants says():those banks will/should be private
WHICH “WILL OPEN THE DOORS OF COOPERATION WITH EUROPEAN AND US TREASURY!!!!!!!…..
subgirl says to nick():we already had people say that so please be careful what you say in here about what Iraq is doing… Need to stay positive!!!
MadDScout says():What a awesome news day 🙂
subgirl says to rcookie():WOW!
rcookie says(3:39 PM):HUMAN TRAINING ON & EDUCATION TO HEIGHTEN ABILITIES…THROUGH USE OF MODERN EQUIPMENT & TECHNOLOGY!!!
tbob says():if you want a chuckle ..read how your comments get distorted after you log off 🙂
rcookie says():IRAQI AUTHORITIES ARE SERIOUS ABOUT RESTRUCTURING AND DEVELOPING BANKING SECTOR…TO BE ON PAR WITH INTERNATIONAL BANKS….
EXACTLY WHAT WE READ AND SAW THE WORLD BANK COMMIT TO ASSISTING THEM WITH… ALONG WITH BREAK UP & PRIVATISATION OF 2 BIG STATE BANKS……
tbob says():I ALWAYS read up everyday before I even attemp to enter the chat room 🙂
nick says():it was a joke have u not seen rcookie use the same comment?
tbob says():Otherwise I would just pop in a ask “so anything good happening today”? (lol)
sassy says():nick I knew you were kidding
rcookie says():WOW!!! HERE IT IS..IN INK……WILL SET UP IMPORTANT TRAINING PROGRAM AND EXPERTISE FOR BAGHDAD…RELATED TO INTERNATIONAL ACCOUNTING STANDARDS…(IAS)
AND TO COMBAT MONEY & CFT PROGRAM…….READ THAT AGAIN!!!!!
sassy says():Wonder how long the training will take?
jimplants says():they have been woking on international accounting since october so again ahead of the curve
sassy says():jimplants I also thought they were training before
rcookie says():THE AGREEMENT WILL INCLUDE PRIVATE & GOVERNMENT BANKS (2 BIG STATE BANKS)..AND ALSO CMMERCIAL BANK OF IRAQ….
AND PROVIDE ASSISTANCE AND COUNSELING TO ALL WITH THE BLESSINGS OF CBI…..
larrykn says():rcookie I thougth the banks already had all kinds of training over the past year or two , maybe just not international training ?
sassy says():larrykn there have been so many articles about the training they were doing
rcookie says():TE IRAQ ECONOMIC FORUM….WILL BE INVESTOR CONFERENCE…FOR CAPACITY BUILDING….
AND OPPORTUNITY TO BRING ARAB & FOREIGN INVESTORS TO IRAQ!!…
OPENING THE DOOR FOR INVESTMENT IN IRAQS BANKING SECTOR WOW!! WOW!!…WOW!!!
jimplants says():is this the march forum?
larrykn says():your right sassy
love it 2 says():” Bank training? ..how much do they need …they have been training since 2004 (lol)
larrykn says():I guess for a country that had no idea how to do internation banking they need all the training they can get
rcookie says():THESE INVESTORS WILL BE BRIEFED ON IRAQS INVESTMENT LAWS….AND INVESTMENT OPPORTUNITIES IN IRAQ…..
YOU MEAN LIKE BOEING..AND GE…!!!WITH THE NEW BANK ASSOCIATION PLAYING A MAJOR ROLE IN THE CONFERENCE!!!!
plowboy says(3:52 PM):I’m assuming that Millionday has tenative plans for coming in tonight
love it 2 says():too much “training” …1+1 = 2…..there ya go …your trained …unless your counting “common core” …(lol)
wmawhite says to rcookie():Can I say…..
love it 2 says to Baxter1243():(lol)
wmawhite says to rcookie():And that Wednesday was in November 2015
Baxter1243 says():wma… they better.. Im counting on it… Big Time…
bigrudy says():is the Tariff law in place?
rcookie says():THE EUROPEAN UNION WILL BE PROVIDING ASSISTANCE WITH THIS BANKING ENTITY….AND DRIVE THE PRIVATE SECTOR GROWTH….
WITH THE LEGISLATIVE AND ENVIRONMENT THAT SUPPORTS THE BANKING SECTOR…..
AND THE RELATED PRODUCTIVE SECTORS THAT RELY ON THE BANKS TO LAUNCH STRATEGIC PROJECTS WITH THE NECESSARY VENTURE CAPITAL!!!……WOW!!…WOW!!…
jimplants says to rcookie():venture capital WOW
larrykn says():if they aren’t getting ready for this to happen I don’t know wow 🙂
jimplants says to rcookie():MONEY REAL MONEY NOT IMPOSED RATE MONEY
tbob says():I ready for this — lets do it team!! GO IRAQ!!! GO RV!!
wmawhite says to rcookie():Here is the tie-in to the IMF…….: amend the Investment Law, or issue clarifying implementing regulations, to remove the limitation on transfer of investment proceeds that gives rise to an exchange restriction, as recommended by a recent technical assistance mission of the IMF.
jimplants says():ONE WOULD THINK THEY WOULD HAVE TO BE ARTICLE 8 COMPLIANT AND ACCEPTED INTERNATIONALLY
cjquade54 says():it would sure look good for them if they had an international currency in place before the inverstors conference
Baxter1243 says():Yep… thats for sure… Article 8
wmawhite says():Folks,….you can go back to the IMF MoU and see exactly what is taking place for Iraq to enter the “markets”.
larrykn says():again what comes first the rate or article 8 ,, I think the rate first
rcookie says to wmawhite():GREAT POINTS MR WHITE!!….
tbob says():or simulatious :S
wmawhite says to larrykn():Iraq/CBI can change their rate today and if they do not have Article 8 there isn’t two banks anywhere in the solar system that would touch the IQD.
rcookie says():YOU GUYS MISSED A LITTLE PART…….
larrykn says():wmawhite I feel the rate and article8 will be one after the other was what I was trying to say sorry
rcookie says():WHAT WAS THE MAJOR ANNOUNCEMENT RELEASED ON 1/7/16 IN ADDITION TO GOLD COINS PROGRAM……..
rcookie says():CBI ANNOUNCEMENT
rcookie says():ONE OF THE MOST IMPORTANT ANNONCEMENTS….EVER…
cjquade54 says():cbi loans to goi?
rcookie says():THE ANNOUNCEMENT OF CHANGING FROM UNIFORM ACCOUNTING STANDARDS..TO IAS…INTERNATIONAL ACCOUNTING STANDARDS…….
rcookie says():WHICH IS COMPLETELY NECESSARY IN DEALING WITH PUBLICLY TRADED COMPANIES……
bigrudy says():does anyone know if the 50k are in circulations?
rcookie says():IFRS…INTERNATIONAL FINANCIAL REPORTING STANDARDS….
cjquade54 says):big time moves to international status
tbob says():MD foretold of this long ago … what to be on the watch for … most poo pooed her … and here it is right in front of us! Whoopow!!!
wvchsr says():ge all. is there nt tonight? (news time)
cjquade54 says to wvchsr():there is nt right now
rcookie says():SO READ THIS……..
wvchsr says to cjquade54():i’m standing beside myself with all the good info coming out
rcookie says():”the agreement signed today, provides short on the commitment of Arab Banks Union set up a training important program for the sector of the Iraqi banking, bring Arab and foreign expertise to Baghdad and prepare capacity building in subjects related to international accounting standards and to combat money and CFT program.”
Read More :http://www.dinarupdates.com/showthre…459#post143459
watchman42 says():just woke up and now this. sparks are flying off of my brain! can’t take it all in right now. LOL 😀
rcookie says():AGAIN…AML…CFT …AND FinCEN COMPLIANCE….
rcookie says():CFT= COMBATING FINANCING OF TERRORISM….
rcookie says():ANYBODY STILL THINK ANY OF THIS WAS REMOTELY POSSIBLE WITHOUT ALL OF THESE MECHANISMS IN PLACE 2..3..4..10…YEARS AGO….
rcookie says():THHEY WOULD HAVE REVALUED THEIR CURRENCY AND LOOKED EACH OTHER GOING…”UH OH…OK NOW WHAT DO WE DO.”…
breakthrough says():great news
nromeo says():rcookie or wmawhite they are far from being in 2% compliance aren’t they or are they?
rcookie says():I HAVE NEVER BEEN AS EXCITED ABOUT THIS INVESTMENT….
jimplants says():RCOOKIE WAS THERE A DATE FOR THIS CONFERENCE i MISSED THAT
larrykn says():me neither rcookie 🙂
rcookie says():THE 2% IS OUTLINED IN LOI…MEFP AND TECNICAL MOU….AND BEING DRIVEN BY IMF….
nick says():rcookie the quetion is what r u going to do with all you free time after rv?
cjquade54 says to jimplants():I think it’s early March
hub says():larry, your right i was just talking about the difference of how long it took to be operational…
wmawhite says to nromeo():IMO,……..it doesn’t matter because it will be a moot point..in other words fixed. Here is why I say this:…From the IMF, The GOI and CBI: The government will gradually remove remaining exchange restrictions and multiple currency practice (MCP) with a view to eliminating exchange rate distortions.
nick says():rcookie your work ethics r very much appreciated
rcookie says():DIDNT SAY EXACT DATE BUT I BELIEVE IN MARCH…WILL LOOK..
rcookie says to nick():TYVM..
wmawhite says to nromeo():This is an agreement with signatures from the IMF, GOI, and CBI. There are no maybes, or possibi;ities, or get around to it. It states/……”The government will do such and such”.
larrykn says():hub I can’t remember what bill they had to pay off but the rate went up to around $9 for a few days then whet back down, I don’t know when they started but I would think once they got their country back they did it, they had nothing to hold them up
rcookie says():HERE IS WHAT THE IMF HAD TO SAY ABOUT THE 2%…….
rcookie says():12. The spread between the official and the parallel foreign exchange market rate receded toaround 2 percentage points since August from as high as 16 percentage points in June, as a result of the elimination of the obligation to prove custom duty and income tax payments before buying foreign exchange.
wmawhite says to love it 2():If the issue that is causing it is gone by by…….then it issue dosn’t exist anylonger.
hub says():i think that was clintons way to balance the budget
wmawhite says to love it 2():doesn’t
love it 2 says to wmawhite():(y) ok
breakthrough says():THANK YOU rcookie and wmawhite for all your hard work bringing us so much important information.
jimplants says():THANKS THATS THE INVESTMENT CONFERENCE THAT WAS MENTIONED LAST WEEK THEN OK THANKS THAT INCLUDES THE ISX ALSO THEN
templejc says to breakthrough():I AM GOING TO NEED A BREAKTHRU JUST TO SEE YOUR POST!
wmawhite says to love it 2():(y)
love it 2 says to rcookie():so actually looking a for a RV at this point, would be better to wait, til March or later ?
nromeo says():its amazing how shabs kept it stable for over a year and they can’t even come close to a month
breakthrough says():LOL Templejc
love it 2 says to rcookie():i mean i have no problem waiting…i shop at Wal-Mart and those lines are craaaaaaaaaaaazy 😀
Baxter1243 says():If I figured right.the spread right now is just over 4%…
nromeo says():when have they kept the 2% for a month since shab was gone?
The government will …. 19. The government will gradually remove remaining exchange restrictions and multiple currency practice (MCP) with a view to eliminating exchange rate distortions. 20.
The government will implement reforms on anti-money laundering and combating the
rcookie says to nromeo(4:26 PM):THEY ARE FIGHTING THE BIGGEST WAR O TERRORISM IN HISTORY OF MANKIND…IMPLEMENTED COMPREHENSIVE SOCIAL..
POLITICAL AND ECONOMIC REFORMS AT ALL LEVELS…IMPLEMENTED…SALARY LADDER…HIRING FREEZES…SUBSIDY CUTS …TARIFF IMPLEMENTATION…
wmawhite says to love it 2():My point is that it CLEARLY states that a certain entity will do something. There are no questions as to what is being accomplished.
love it 2 says to wmawhite():awesome… i can wait …I have no problem with that 🙂
Annieo says():you news hounds ROCK!!!!
willie60 says to rcookie():Just finished reading today’s chat log as I do daily. Thank you and all of the wonderful researchers here. I so much appreciate all of your efforts. Great stuff you guys.
rcookie says to nromeo():WHAT THEY HAVE DONE…ALL UNDER SEVERELY ADVERDE CONDITIONS IS NOTHING SHORT OF REMAR….KABLE
rcookie says to willie60():HEY WILLIE…YVW…
love it 2 says to FIELDGT():it happens when it happens friend…nice to see March but oh well I can wait til when ever 🙂
Annieo says():ready to March right on into March!!!:D
rcookie says():THE WEEKEND NEWS IS INSANE!!!…NO I DONT HAVE DATE & RATE,,,,
FoolMeOnce says():So we are waiting until March?
templejc says():WHERE DID MARCH COME IN ON THE EQUATION?
FIELDGT says():FoolMeOnce MD says anytime.. we were just saying we need to wait until it happens
cjquade54 says():just keep in mind, as Mr W has reminded us countless times, by mid 2016
templejc says():OK IT DIDNT
FoolMeOnce says():Oooooooook gotcha. I just blipped in and caught the last 3 minutes.
subgirl says():WE do not know when this will happen and most likely it will happen ANYTIME!!!! NOT MARCH!!!!! ANYTIME!!!!!
rcookie says():YOU GUYS REMEBER THAT ARTICLE ABOUT BANKING A COUPLE OF MINUTES AGO…..
wmawhite says to templejc():It never came from this room.
nromeo says():after 8 years in this i am past ready for this to happen
rcookie says():OK….HERE IS SOME MORE RIDICULOUS NEWS…RELATIVE TO IMF LETTER OF INTENT…MEFT…& TECHNICAL MOU….
nromeo says():like right now lol
rootietooo says():rcookie, mr white, thank you for being the shining stars for this room today. I just love it. thank you.
love it 2 says to rcookie():seems it does
rcookie says():REMEMBER THIS IS ANOTHER IMF MANDATE…AND LOOK AT THE DATE…..ANOTHER EARLY DELIVERY….BIG SMILE!!
rcookie says():20. The government will implement reforms on anti-money laundering and combating the financing of terrorism (AML/CFT). This will improve the integration of the domestic financial system into the global economy and lower transaction costs, improve governance, and reduce the size of the informal sector.
As a first step, the government will, by end-February 2016, draft, with the help of IMF technical assistance, and adopt a by-law to set up a mechanism to comply with the relevant United Nations Security Council resolutions related to terrorism financing and Recommendation 6 of the Financial Action Task Force on Money Laundering (FATF).
rcookie says():THE TRAINING TOWARD THAT CONFERENCE…AML/CFT…….WITH TECHNICAL ASSISTANCE…DRAFT BY THE END OF FEBRUARY…..HMMM IMPROVE THE INTEGRATION OF THE DOMESTIC FINANCIAL SYSTEM INTO THE GLOBAL ECONOMY…….ARE YOU KIDDING ME!!!!!!!!!!!!!……
cjquade54 says to rcookie():that’s as plain as can be
rcookie says to cjquade54():(handshake)
rcookie says to cjquade54():COUPLE THAT…WITH WHAT WAS POSTED IN GAZETTE YESTERDAY THE 23RD…..
rcookie says to cjquade54():WHICH WAS……..?
cjquade54 says to rcookie():I’m pumped (handshake)
rcookie says to cjquade54():OOPS
rcookie says(4:42 PM):WELL
rcookie says to cjquade54():LOOK FAMILIAR…
Localcats says():the check is in the mail
Baxter1243 says():sandbox timer.. (lol)
love it 2 says to Localcats():I’ll take mine in my HAND 😀
love it 2 says to Cricket22(5:13 PM):just sayin… idont need a check in the mail…. i rather a check in hand or a BLACK CREDIT CARD 😀
rcookie says():19. The government will gradually remove remaining exchange restrictions and multiple currency practice (MCP) with a view to eliminating exchange rate distortions.
Such a move towards acceptance of the obligations under Article VIII of the IMF’s Articles of Agreement will send a positive signal to the investment community that Iraq is committed to maintain an
rcookie says():exchange system that is free of restrictions and MCPs for current international transactions and thus facilitate creation of a favorable business climate.
templejc says():WELL THEY ARE ONE MONTH AHEAD OF THE PLAN!
rcookie says():GONNA NEED A PLASTIC SURGEON TO GET THE SMILE OFF…..
cjquade54 says to rcookie():is this the ammended investment law?
cjquade54 says to rcookie():must be
rcookie says():YES IT IS….
dovi says to rcookie():they said there’s a first time for everything, but I never…
rcookie says():GOTTA BUY THE ISLAND NEXT TO JIMMY BUFFET..
cjquade54 says to rcookie():salt shakers will be on me lol
rcookie says():COME ON…LAST ONE…
rcookie says():LOOK FAMILIAR….
rcookie says():The domestic financing will be covered by the issuance of Treasury bills, out of which up to ID 7 trillion will be refinanced by commercial banksIRAQ￼INTERNATIONAL MONETARY FUND 7
nick says():Looks like last news night
rcookie says():LIKE SOMBODY STOLE THE IRAQI/IMF PLAYBOOK…..
rcookie says():JUST WATCHIN THE PLAYS…KNOWIN THE X & O’S
love it 2 says to rcookie():maybe Bill Belicheck has their hand book ? 😀
cookie says to mrsgib():TRY NOT TO GUESS AND BE SO DATE CENTRIC….THE MAIN PLAYERS HAVE LEFT THEIR PLAYBOOK OPEN FOR REVIEW…
templejc says():AGREE IS EVENT DRIVEN NOT DATE DRIVEN
jd says():Can Iraq spend their reserves if they need money to meet their budget??
cjquade54 says to jd():someone correct me if I’m wrong
slh5282 says to BGG():BGG.. RCOOKIE BRINGS AND HAS BROUGHT SOME UNBELIEVEABLY GREAT NEWS.. LOOK FORWARD TO HIS NEWS AND PARTICIPTION IN THE CALLS EVERYTIME