Excerpts & Highlights
subgirl says to clay01(): I’ll bring some of it in…
subgirl says to clay01(): ECB Wants Proof That 500-Euro Note Helps Criminals, Mersch Says
subgirl says to clay01(): Assertions by law-enforcement officials aren’t enough for ECB
Banknote policy was branded ‘shameless’ by Goodhart last year
European Central Bank officials want to see evidence that high-denomination euro banknotes facilitate criminal activity rather than relying on unproven assertions, Executive Board member Yves Mersch said.
“There are policemen who are having opinions on this matter, and also in the G-20,” Mersch told reporters in Zurich on Thursday. “I would be very happy if any substantiated evidence would be shipped to the ECB.”
clay01 says to subgirl(): not sure how this article is relevant to the Dinar?
subgirl says to clay01(): I know lol
subgirl says to clay01(): that is what I am thinking too lol
subgirl says to clay01(): Mersch spoke days after ECB President Mario Draghi told European lawmakers that the institution is reviewing its policies on issuing 500-euro ($560) banknotes. The practice has concerned law-enforcement officials in the region for years, and former Bank of England policy maker Charles Goodhart, an authority on money supply, described it last year as “shameless.”
In discussions with European law-enforcement officials, “it was always the same,” Mersch said. “We said: These are assertions. We would like to have them confirmed by evidence so that we could take the appropriate action.”
subgirl says to clay01(): Mafia Money
U.K. officials decided they had enough evidence some time ago. In 2010, British banks and money-exchange services stopped distributing 500-euro notes after a report showed that 90 percent of demand for them came from criminals.
A Bank of Italy study the previous year described how such bills were accumulated by mafia money launderers, terrorists and tax dodgers because they’re easy to hide and transport.
subgirl says to clay01(): Draghi, the Bank of Italy’s governor at the time, said on Monday that the ECB’s board has been considering the matter “for some time” and that technical work is under way to study the issuance of such banknotes. He spoke a day before the European Commission unveiled an action plan to clamp down on terrorist financing, including proposals for lower thresholds to limit anonymous payments.
subgirl says to clay01(): Orderly Fashion’
“There are questions on how best to implement a decision, and how to communicate this,” Draghi said at the European Parliament in Strasbourg. “We want to make changes, but we want to make changes in an orderly fashion. But rest assured that we are determined not to make seignorage a comfort for criminals.”
Draghi’s comments coincide with a period of reflection at the ECB on its stimulus measures and whether to expand them. Goodhart, speaking in September, suggested then that abolishing high-denomination banknotes might marginally help with that.
“If we were limited to low-denomination notes, at any rate because of the costs of stockpiling and all the rest, we can drive interest rates a little bit further down,” he said.
clay01 says to subgirl(): some times I read articles and think, why did they bring that in, but I guess what I miss others may find something useful
subgirl says to clay01(): well yes, I agree. lol
subgirl says to clay01(): there are some titles that might have something to do with dinar
subgirl says to clay01(): Who’s Winning the Global Currency War? Not the ECB.
EU Banking Rules Divide at Euro-Area Border in Cameron Deal
ECB Needs Fed to Weaken Euro as SocGen Sees Policy Impotence
subgirl says to clay01(): those there are 3 titles of articles in this post…
clay01 says to subgirl(): the lower all the rest of the world currencies go the better the Dinar gets
subgirl says to clay01(): Who’s Winning the Global Currency WAr might have some Iraq in it/?
subgirl says to clay01(): I agree!
subgirl says to clay01(): I think I will wait for rcookie to come in lol
clay01 says to subgirl(): the lower the dollar anf Euro go, if the Dinar stay the same, we gain value
subgirl says to clay01(): oh wow! sweet!!!
clay01 says to subgirl(8:30 AM): very little, but every bit helps
subgirl says to rcookie(): wanted to say thank you for the teaser!!
clay says to rcookie(): hey cookie 🙂
subgirl says to rcookie(): here is the title of your teaser 🙂 http://www.bloomberg.com/news/articles/2016-02-04/ecb-wants-proof-that-500-euro-note-helps-criminals-mersch-says
Risk says(): RC…..opinion question for you……With the MOU in mind, and the end of Feb target date for Article 8,….ect…….With the dissatisfaction with the finance minister and IMF mandates not being followed…Is that Feb timeline in jepordy?
clay says to Risk(): Good question buddy GM
subgirl says(): here is an article from loop 🙂 Abadi step to change the government’s deepening sectarian rift within Parliament
subgirl says(): The largest Sunni bloc gives the prime minister a mandate to conduct a comprehensive cabinet reshuffle, while the largest alliance of the forces of the Shiite refuse to waive any position.
Middle East Online
Baghdad granting Iraqi Forces Union (the largest Sunni bloc in parliament) Friday, Prime Minister Haider al-Abadi, a mandate to conduct a comprehensive reshuffle in his government exclude from which ministers and political parties.
subgirl says(): He said the political bureau member of the Union Haidar al-Mulla, said in a statement Friday that “the forces coalition supporting the reshuffle expected if it led to the reform and we are preparing a means, a tool in order to achieve real reform sought by the people,
as long as we have emphasized and warned us over the past years of the danger of continuing sectarian approach political Rights, which the state and society necrosis and brought Iraq to the brink of collapse on the security and economic level. ”
Al Mulla said, “Let us again and again to the need to adopt a reformist approach aimed at addressing the structural imbalance in the political process through genuine national reconciliation,
and build a state of institutions, and an end to the phenomenon of militias and arms rampant outside the framework of the state, and leave the state project components to the country of citizenship.”
subgirl says(): Mulla pointed out that “the Iraqi forces union supportive of any process of a cabinet reshuffle, to end sectarian and party loyalties and establish a ministerial cabins built on the professional skills of the specialists, is able to achieve the vocabulary of the reform program.”
The call came Abadi, after more than 12 years of the adoption of the share of government posts between Sunnis and Shiites and Kurds system, and the absence of government cabinets that formed over the past years of the ministers “technocrats” not affiliated with political parties.
Dinar Investor says(): Anyone else excited for Deadpool today? I used to read all the comics during childhood. I can’t wait!
subgirl says(): http://www.dinarupdates.com/showthread.php?29873-Abadi-step-to-change-the-government-s-deepening-sectarian-rift-within-Parliament
rcookie says to Risk(): THEY ARE DISSATISFIED NOT BECAUSE IMF MANDATES NOT BEING FOLLOWED OR COMPLIED…SO NO…
THEY ARE WAY AHEAD OF SCHEDULE FOR THEIR FEB & APRIL REVIEWS AND TASKS….
THEY ARE UNHAPPY WITH MOF BECAUSE OF SLOW PROGRESS TOWARD SOME IMF ISSUES…AND IN PARTICULAR LOOK WHAT THEY SPELL OUT….PFM PUBLIC FINANCIAL MANAGEMENT….
STABILITY TO FINANCE SECTOR (ISSUING LOANS TO STIMULATE PRIVATE SECTOR)…AND COUNTER MONEY LAUNDERING…..
MOVING TO A (STA) SINGLE TREASURY ACCOUNT…AND PIM PUBLIC INVESTMENT MANAGEMENT REFORMS..
rcookie says to Risk(): YOU SEE TERMS LIKE “POOR PUBLIC FINANCIAL MANAGEMENT”….”BLOATED GOVERNMENT PAYROLL”….
“IRAQ’S WEAK PFM FRAMEWORK”….AND “LOW EFFICIENCY OF PUBLIC INVESTMENT”…”BRINGING STABILITY OF FINANCE SECTOR”….
AND LOOK WHO THEY POINT THE FINGER AT CONCERNING THESE STATEMENTS….
LOOKING FOR CHANGES IN SHORT TERM FROM MINISTRY OF FINANCE…AND AGAIN MENTION OF STA…ETC….
rcookie says to Risk(): THESE ARE ALLMISSUES THAT ARE COVERED IN THE LOI/MEFP.TECH MOU….BUT ALSO….IN THE RECENT IMF METAC WORKSHOP ON PRICING INDEXES THEY JUST COMPLETED….GOING TO TALK ABOUT TODAY,,,,
wmawhite says to Risk(): No where is it in any IMF document that the end of February 2016 is a target date for Article 8. However, it is easy for us to tie the two tegether.
Dinar Investor says(): So what ever happend to tommorrow being the deadline for Amnesty of the Federal Court? I haven’t seen anything on it since that article on Feb 7th saying the deadline was the 13th? Maybe pushing it out because of reshuffle?
Dinar Investor says(): or is it next week’s saturday?
Wyomingbill says(): I still don’t think we will see a RV until Isis is more contained, I think everyone understands why. also oil will go after Isis is contained. also still believe is in charge of CBI I think Iraq is farther along than we think. with good luck we might see RV in two or three weeks
Risk says to wmawhite(): Your right…..And that’s what i based the question on
wmawhite says to Wyomingbill(): Did the IMF tell you that, because they told the world something different.
Mrs BGG says(): For anyone who hasn’t visited our facebook group, here is the link to the page, https://www.facebook.com/groups/571383766355188/ !!
wmawhite says to Risk(): For those folks who have studied the Technical Letter of Agreement and MoU………
it is very obvious that the IMF, GOI and CBI are shooting for a major event in the near future..IMO…..and that is in keeping with what they told the world that Iraq is expected to join the economy market during the 1st half of 2016.
rcookie says to Risk(): SO…..EVERYONE HAS SEEN THE METAC TECHNICAL ASSISTANCE WORKSHOP ANNOUNCEMENT….THAT TOOK PLACE FROM FEB 1-5 IN BEIRUT LEBANON…..
rcookie says to Risk(): SORRY RISK..
Risk says to wmawhite(): Yes, my focus is also mid 2016 as a back wall……But also intriqued for what they may show us in near future… (handshake)
chickadee says to Baxter1243(): I thought I read they were not ready yet. ({)
Risk says to rcookie(): NP
poppy3 says to wmawhite(): IT IS AWESOME BROTHER AND I HAVE JUST BEEN SETTING BACK WATCHING THE EVENTS TAKE PLACE DAILY .
NO NEED TO BELLYACKE AND CRY WE ARE IN THE DRIVER SEAT REALLY THEY CAN GET WHERE THEY NEED TO BE AT ANYTIME AND RELEASE THE NEW RATE.
MEANWHILE I CONTINUE TO PREPARE FOR THE WINDFALL COMING.
I STUDY MONEY IDEAS DAILY AND WAYS OF PROTECTING THE BLESSING ,
ONE I AM IN AND DOING ALSUME IS A CO NAMED ONECOIN ANYONE WANTING INFO ON IT CAN EMAIL ME AT XXXXXXXXXX AND I WILL HAVE SOMEONE SKILLED ABOUT IT CONTACT THEM.
IF YOUR NOT PLANNING TO WIN YOUR PLANNING TO FAIL. POPPY3
rcookie says(): OK…HAD SAID YESTERDAY WOULD PUT OUT SOME IFORMATION ABOUT IRAQ’S PARTICIPATION IN FEB 1-5 IMF METAC TECHNICAL ASSISTANCE WORKSHOP…
INSIGHT AS TO WHAT WAS COVERED AND TAKEAWAY…PROGRESS SINCE LAST YEARS WORKSHOP…
AND HOW THE ISSUES COVERED PERTAIN AND APPLY TO LETTER OF INTENT/MEMORANDUM ECONOMIC & FINANCIAL POLICIES AND TECHNIAL MOU…AND IMF STAFF MONITORED PROGRAM….
rcookie says(): I KNOW THIS KIND OF STUFF ISNT AS DRAMATIC & JUICY AS MALIKI STORIES…BUT IS FAR MORE RELEVANT TOWARD ECONOMI REFORMS AND MONETARY VALUE CHANGE…
tman23 says(): Abadi’s utopia is to seat “technocrats” in the reshuffle of the Ministers…… Quite frankly the finger pointing at Zebari is hilarious……
This position was first appointed to Shaways and Zebari was appointed Deputy PM…. Shaways did not want the FoM position and requested he and Zebari switch……Abadi approved.
Zebari did not have the experience to be Minister of Finance and never wanted the position to begin with…..He was placed to keep the communication with the KRG as a trusted source on the countries revenues……which were bankrupt when he took the office
rcookie says to tman23(): SO PUTTING QUALIFIED INDIVIDUALS…ACADEMICS & TECHNOCRATS WITH THE ACUMEN AND MINISTRY SPECIFIC SKILL SETS INTO THE REQUISITE POSITIONS IS NOT THE CORRECT ACTION AND DIRECTION…
rcookie says to tman23(): LOL
tman23 says(): The most incompetent in the upmost important position is the sitting governor of the CBI…….. Talk about no experience……HE HAS NONE !! He is not an economist or a banker……and Chalibi made accusations the degrees Alak holds were fake…….
wmawhite says to rcookie(): …to change a culture of greed and corruption is never accomplished overnight……….thankfully, PM Abadi has taken the first steps to make those changes.
rcookie says to tman23(): THE POLITICAL ENVIRONMENT TOWARDS APPOINTMENTS WHEN ABADI 1ST TOOK OFFICE VERSUS TODAY IS PARALLEL HOW…..
AND LETS NOT EVEN SCRATCH THE SURFACE OF THE PERFORMANCE ISSUES IDENTIFIED IN THE MOF….
tman23 says to rcookie(): LOL…… Not what I said……. Why so quick to try and draw blood ??????
rcookie says to tman23(): DRAW BLOOD…?????
rcookie says to tman23(): ZEBARIS SUBSTANDARD PERFORMANCE WAS ARTICULATED IN POOR PERFORMANCE REVIEWS FROM THE REVIEW PANEL THAT WAS ACTIVATED AND SUBMITTED REPORT…
NOT TO MENTION IMF OVERVIEW AND COMMENTS TO SUCH…
rcookie says to tman23(): AND AS FAR AS CBI GOVERNOR…I COULDNT AGREE MORE….
THE BIGGEST PROBLEM IN COUNTRY OUTSIDE OF ISIS…HAS BEEN THE ADRESSING OF FAILED CURRENCY AUCTIONS AND PARTICIPATING BANKS..
MANY OF THE BANKS CLOSED..SUSPENDED AND FINED WERE THOSE DIRECTLY RELATED TO MOF ACCOUNTS…
rcookie says to wmawhite(): SO TRUE…AND GETTING THE NEEDED MECHANISMS AND LAWS IN PLACE TO SUPPORT THE INVESTIGATION AND PROSECUTION OF VIOLATORS & CORRUPTION WAS THE 1ST PART…
THAT IMO WAS DONE IN WARP SPEED GIVEN THE SCOPE & MAGNITUDE OF THE CORRUPTION LANDSCAPE…
wmawhite says to rcookie(): here is a question for all of us involved,……..”do you think that the IMF was aware of these issues back in November 2015 when they stated their expectations was for Iraq to enter the economy market during the 1st half of 2016?”…….
Answer: OF COURSE THEY WERE AWARE OF THESE ISSUES!!!!’
rcookie says to wmawhite(): AGREED…AND INDICATED BY THE VERBIAGE AND CAVEATS WRITTEN INTO THE 2016 BUDGET…
tman23 says to rcookie(): I do not doubt Zebari’s performance…… To start off with he was never qualified for the position which had everyone scratching their head when he was appointed….
As far as Alak goes…..It is up to the Council of Ministers to vote on a new governor….And now that the reshuffle is taking place the replacement of Alak will have to come after the reshuffle……
rcookie says to tman23(): I AGREE…HIS PLACEMENT..ALONG WITH MANY OTHERS WAS DONE WITH THE EXPEDIECY AND POLITICAL CONSIDERATION OF THE ENVIRONMENT AT THAT TIME…
AND I COMPLETELY AGREE THAT ALAK SHOULD HAVE BEEN AT THE TOP OF THE LIST OF THE PERFORMANCE REVIEW PANEL….
HE IS OBVIOUSLY THE MOST FLAGRANT VIOLATOR OF POOR PERFORMANCE AND CERTAINLY NOT HOLD HARMLESS IN THE COLLATERAL FAILURES…
rcookie says to tman23(10:56 AM): EXPEDIENCY*
tman23 says to rcookie(): Alak is outside the reach of the GOI as the CBI being independent of the GOI….. And by the written laws the Governor which enjoys the same immunity as the Ministers must be found guilty of crimes while serving in his position to be dismissed…… BUT……
When Maliki appointed Alak through a vote of the Council of Ministers……the GOI was operating as a caretake government which at the time the law states…….The caretaker government shall not appoint any positions….so by the laws of Iraq…..Alak can be replaced without an argument for the courts….
sheila3 says to Loopback(): your welcome,and thanks for bringing in the news (F)
Loopback says to clay(): Things are really good.
R&R says(): Thanks rcookie and tman for the intelligent news and commentary this morning… much appreciated.
R&R says(): Looks like ministers are already preparing to flee…
R&R says(): http://albayyna-new.com/?p=44322
clay says to Loopback(): bus picking up and hopefully this RV is really close
Hutch says to R&R(): Here Ya go Good article
Hutch says to R&R(): Scandal of calibre. Nassif reveals smuggling families “corrupt” out of Iraq and the demanding Abadi intervention
Mp confirmed State of law Coalition DG that some corrupt Ministers felt they were in danger and started to deport their families from Baghdad to outside Iraq claim Al-Abbadi decision prevents no Minister from the Ministry only after discharge. ”
said Nassif Al-Abbadi’s invitation to conduct the reshuffle came late but it is «late is better than not to come”, adding that “we want to enjoy the new ministerial cabinets to professional and that the Government of technocrats, added that” supposed to take Al-Abbadi The decision of the correctional facilities of this change is that no Minister from the Ministry only after discharge»,
a sign that “there is some corrupt Ministers who raised them corrupted files were in danger and started to deport their families to America.” and stated that “the change Alice good country really is change of ministerial cabinets, except two or three
Hutch says to R&R(): except two or three only because they have the professional integrity». As the Prime Minister called for ensuring the removal of Prime Minister himself indicated that the choice of the new Ministers must be from outside the political process.
http://www.microsofttranslator.com/B…2F%3Fp%3D44322
http://www.microsofttranslator.com/BV.aspx?ref=IE8Activity&a=http%3A%2F%2Falbayyna-new.com%2F%3Fp%3D44322
jarhead says(11:19 AM):gm gm woomies
Hutch says to jarhead():GM Jar
jarhead says():hows u ?
Hutch says to jarhead(): Same as You ! Good and ready !!!
jarhead says(): lol AMEN
R&R says to Hutch(): Would love to know what the “two or three” ministeries are that aren’t corrupt!
Hutch says to R&R(1:21 AM): LOL Yep
R&R says to Hutch(): Surprised it wasn’t a full sweep! LOL
Hutch says to R&R(): Minister of the broom closet maybe
Hutch says to R&R(): Oh wait ! Thats where all the dirt is….
tman23 says(): The market and investors do not like UNCERTAINTY…… And uncertainty has hurt both the KRG and GOI…….. Barzani said last month that the KRG will have it’s government issues solved before the beginning of March……. Abadi appears to be on the same fast trac with the GOI…….
The question becomes…….with the reshuffling of the deck in Iraq government positions……how plausible is it to see a change in value of the currency until the new people are seated and the dust settles…….
jarhead says(): what about the security of Mosul…. saw it wasnt gonna be 2016 that it was secured…..doesnt this affect the investment??
rcookie says to R&R(): GREAT ARTICLE!!…..RUNNING LIKE THE COCKROACHES THEY ARE…..
R&R says to jarhead(): check this out….
R&R says(): Hundreds of Iraqi soldiers deployed at a base near Mosul Establish the radio
Friday 12-02-2016 | 7:41:05 Twilight News / arrived hundreds of Iraqi soldiers into northern Iraq as a base during the past twenty-four hours to prepare for the restoration of the city of Mosul operations from the hands of jihadists, according to the officers said Friday.
Reporters saw AFP in a drunken base, about 70 kilometers southeast of Mosul, about 700 soldiers from the 15th Special Forces Division arriving at the base late Thursday.
And arrived more soldiers to the base Friday, according to the participant officer in charge of the restoration of the province of Nineveh, which Mosul is the capital’s security command said, from the hands of the organization of the Islamic state.
The ceremony took place to take them in within the areas controlled by the government of the Kurdistan region of Iraq drunken base.
R&R says(): http://www.ara.shafaaq.com/55585
Read More: http://www.dinarupdates.com/showthread.php?29861-Friday-February-12-2016
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