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Word for the day…
John 1:1 (NKJV)
1 In the beginning was the Word, and the Word was with God, and the Word was God.
Heavenly Father, Thank You for Your Word, Your Son and The Bible! Thank You for Your Faithfulness! In Jesus Name, Amen.
Mrs BGG
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Our liberty depends on the freedom of the press, and that cannot be limited without being lost. – Thomas Jefferson
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*** Current Posts ***
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Mnt Goat – They also told us it would be paid out on the new “National” card and not their current Q –Card of SMART card. We know they plan to combine the two cards into one card…I have to tell you there were still hundreds of thousands of citizens who did not receive there cards… They are preparing to pay out on HCL oil revenues. Yes – once again this is their intention. They MUST distribute part of this oil revenue to the people as in the HCL law. The HCL is not complete without these ongoing rolling payments to the citizens. This must be done prior to any RV. This is why these cards are so important. This means they are getting serious about it once again. When they begin using these new National cards they want the ability to make these payments to be an international usage. [post 2 of 2]
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firefly – …found this VERY interesting. It is from CNN dated today: “Iraq plans bond offering for brave investors” So all those people telling us the bonds went on sale and are a failure…well…THE BONDS HAVE NOT GONE LIVE YET!
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Don’t Miss “NEWS TIME” in the DU CHAT ROOM – Monday evening at 7:30pm EST!!
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An “Extended News Time” with Millionday!!
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Mnt Goat – …the recent blocking of the internet in Iraq has nothing…to do with the preparation for the RV. By blocking the internet Abadi has also blocked a strategic means of ISIS and DAASH communications. Another rumor to I must also discount today is about the reports that conquerable by military forces by American or Iraqi, that stormed the CBI and confiscated documents going back to 2003. The next piece of juicy news is about the National Unified cards. We all know, as it has been confirmed, the Iraqi citizens currently have a Q- card (or SMART card)…It is NOT yet fully international until the currency is turned on in the international exchanges. In April of this year the told us they wanted to begin payout to the citizens of the oil revenues. [post 1 of 2….stay tuned]
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Kaperoni – Article quotes: “We don’t see an immediate devaluation but we see more pressure on the peg the longer the situation continues as buffers get eroded.” “Concerns that oil-dependent economies may abandon their pegs intensified after Kazakhstan allowed its currency to float…” They won’t devalue. They just need to stay pegged long enough for the economic reforms/loans to take hold and then they can begin the float.
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BGG – …it appears the CBI sales are retreating and the Dinar is remaining stable (if not starting to strengthen)… this means less corruption – more confidence. I am plenty excited to see what Abadi’s reforms bring and how quickly it all comes together – because, quite honestly – that IS THE WHOLE BALL – GAME right now.
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Mnt Goat – There is nothing in the grey side or mysterious about why they are stalling the change over of the currency…they had postponed the currency reforms due to three reasons: 1) money laundering and bad banking practice. 2) wide spread corruption. 3) security reasons. Nothing grey or mysterious about it…So Iraq must first make the necessary changes. The reforms and the laws needed to back them up and implement them are needed first. It’s not all about the RV. The RV is simply a by-product of the process of bringing the country of Iraq online with the international community and do it such a way as to created stability and progress in their country and in the region.
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Bluedog – SECURITY HAS BEEN SET FORTH IN IRAQ ALONG WITH THE IMF…THEY JUST WANT THE CBI TO BE SECURE AND TRUST WORTHY AS IT HAS BEEN A DEN OF THIEVES SINCE SHABIBI LEFT. WHERE IS THAT NATIONAL GUARD LAW HMMMMM WAITING FOR FUNDING AS I TOLD YOU…WHEN YOU SEE THAT PASSED THEN YOUR GOLDEN…ALL IMO. OH…THE CBI…GIVE THAT SOME ROOM TO BE CORRECTED THEN YOU WILL SEE A CHANGE IN PLANS. [post 2 of 2]
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tman23 – Word was 9/8 there was a change coming to the CBI… 9/8 was to be a big day for Parliament and Ministers… what happened on 9/8…A deputy minister of the judical was kidnapped…his body guards were released which is strange… So Abadi cancels meetings and holds special meeting late night… Then Abadi goes to appear in front of Parliament Thursday for a speech…gets to the doors and turns around as an emergency situation came up…Then the CBI news of troop takeover… BUT…similar events had happened in the past only different scenarios…meaning when they get close to changing something, somebody starts a fire in the hallway.
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Bluedog – FOLKS AS YOU SEE IRAQ AND THEIR MOVEMENTS…AS YOU SEE THE NATIONAL GUARD LAW SITS IN LIMBO AND YOU KNOW HOW I FEEL ABOUT THAT [Reference Bluedog post 8-30-2015]. TODAYS NEWS TELLS YOU THAT THE CBI IS UNDER SEIGE AND SOON THEY WILL HAVE THOSE FACTS OF WHAT HAS GONE ON AS EVIDENCE. ALAK…SOON WILL DISAPPEAR. WILL SHABIBI BE BACK…WELL MAYBE IF HIS HEALTH ALLOWS BUT FOR ONE MINUTE NEVER DOUBT HE HAS A GOLDEN PERSON IN MIND AS HIS POWER IS LIKE GOLIATH. [post 1 of 2….stay tuned]
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tman23 – On Thursday, Prime Minister Haider al-Abadi apologized for ((NOT)) attending the parliament session today for “emergency reasons,” after minutes of arriving at the parliament building… (( AS I “heard”… and posted mid august…there was to be a move against the CBI on 9/8…specific to the fact that Alak (Moshen Ismail) was going to be replaced… No word on his being replaced…But by the news coming out…there is “something” going down at the CBI that is out of the “norm”…
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BGG – …the S.F. in the picture did not look like U.S. Spec Ops…it sounds like Maliki’s bunch deflecting attention by blaming Abadi’s raid on the CBI on the U.S. – much like blaming the U.S. for the National Guard Law – saying it is a “Joe Biden” attempt to divide the country… when in reality – it is just the opposite. It is a “balancing” of the armed forces in Iraq and not letting them run around under the direction of warlords and Maliki while he is in exile! [so you feel Maliki has left now?] I am not sure – but he wasn’t in the meeting of top Shia leadership yesterday. [I guess the next few day will tell us, if he doesn’t appear when all these reforms get activated then we know he is on the run.] yes we will.
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Iraqi Dinar/Dollar auction 14-09-15
Currency Auctions Announcement No. 3035 (most recent listing)
This daily currency auction was held in the Central Bank of Iraq on the 14-09-2015
The results were as follows:
| DETAILS | NOTES |
| Number of banks | 25 |
| Number of remittance companies | 10 |
| Auction price selling dinar / US$ | 1166 |
| Auction price buying dinar / US$ | —– |
| Amount sold at auction price (US$) | 180,634,453 |
| Amount purchased at Auction price (US$) | —– |
| Total offers for buying (US$) | 180,634,453 |
| Total offers for selling (US$) | —– |
More: http://dinarupdates.com/blog/
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Nova – WE MUST TAKE WHAT WE READ AND LIVE WITH THE FACTS. WE ARE TOLD THAT THE SDR IS COMING IN OCTOBER OF 2015. WE ARE TOLD THAT THEY ARE GOING TO SELL INTERNATIONAL BONDS IN SEPTEMBER OF 2015 IN THE IQD. THEN AT THE LAST MINUTE THEY SAY WELL WE ARE HOLDING ON THE SDR TILL LATE 2016 AND WE ARE SELLING EUROBONDS. THEY TELL USE THERE RELEASING THERE NEW CURRENCY IN 2017.
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BGG – Article: “Central Bank denies the news of the storming of its building by military force” along with this article – released at the SAME TIME was the list of “money launderers” touted by Chalibi… that is a MUCH HARDER report to attack...it’s easy enough to say “that never happened”…it’s another thing entirely when a long list of “known Maliki associates” gets published with it… my take – they are attacking corruption at every level.
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tman23 – Article: “Central Bank denies the news of the storming of its building by military force” Think about it…Iraq is active and trying to sell international bonds…An attack on the CBI would not fall on the favorable side…so could it be as simple as more security! There has been opposition to Iraq’s monetary reform…Iraq is moving forward with it…That said…it is not unbelievable that military forces are at the CBI…but bet your last dollar they are not US military forces… AND bet they are not storming through the CBI auditing Iraq’s money.
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Iran behind assassinations and abductions in Iraq
http://www.dinarupdates.com/showthread.php?20034-Iran-behind-assassinations-and-abductions-in-Iraq&p=130583&viewfull=1#post130583 …
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My Ladies – WELL GUESS WHAT EVERYONE THERE IS NO SUCH THING AND IF THERE WERE SUCH A TRIGGER THERE IS NO SUCH “STORMING” OF THE CBI THAT WOULD BE NECESSARY TO ACCOMPLISH THE TASK. WHEN THE DINAR RE-PRICES IT IS A VERY SIMPLE ADJUSTMENT IN THE SYSTEM AND IT’S DONE! MONDAY WILL COME AND WE WILL STILL BE HERE AND THEN NEXT MONDAY WILL COME AND WE STILL BE HERE AGAIN. THE CBI INCIDENT IS JUST ONE MORE STEP IN THE REFORMS… IRAQ CAN NOT REPRICE UNTIL THE SYSTEM AND THE MATH IS CORRECT FOR IT TO HAPPEN. THAT SYSTEM AND THAT MATH IS ORIGINATING OUTSIDE OF IRAQ…WE NEED TO UNDERSTAND MUCH MORE THAN IRAQ AND THE TIMING IS SO OBVIOUSLY NOT THIS WEEKEND FOR IRAQ. [post 2 of 2]
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Kaperoni – Article: “Parliamentary Finance: misguided policies were behind the decline in the Iraqi Central Bank reserves” Well..it’s basic math..if you are going to sell more than you make, then your reserves go down. The solution is to sell less, increase revenue or get off the peg and away from the auctions.
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My Ladies – WE ARE IN THE NEW BANKING SYSTEM, BUT WHAT DOES THAT MEAN? DOES IT ME AN “RV”? DOES IT MEAN BIG PAY DAY FOR US? NO IT DOES NOT. IT MEANS THAT CHANGE IS COMING AND IS MUCH NEEDED. WILL THIS HAPPEN OVER NIGHT? NO IT WILL NOT. MANY FOLKS JUMPED AT 2 ARTICLES THAT CAME OUT YESTERDAY IN A PAPER FROM EGYPT TALKING ABOUT THE CBI IS UNDER CONTROL OF THE USA…SOME…EVEN TOOK THIS TO MEAN THAT THEY MUST BE THERE TO BE PROTECTING THE PULLING OF THE TRIGGER FINALLY. WELL I JUST HAVE TO ASK WHAT DOES THAT EVEN MEAN? “THE PULLING OF THE TRIGGER?” [post 1 of 2….stay tuned]
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Parliamentary Finance describes the stages of the reform of the country’s economy: Urgent and progressive taxes and Customs
Special scales News – He said the parliamentary finance committee member Haitham al-Jubouri, Sunday, on the progress of the government and the Parliament towards achieving the economic reforms of the country through two phases “hotfix” and “gradual reform”.
Jubouri said L / scales News / “The government is taking major steps to reform the country’s economy as a whole,” stressing that “there are urgent steps to activate the taxes and customs in real time.”…
http://www.dinarupdates.com/showthread.php?20033-Parl-Fin-describes-stages-of-reform-Iraq-s-economy-Urgent-amp-prog-taxes-amp-Customs&p=130582&viewfull=1#post130582
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Frank26 – Article quote: “special forces stormed the Central Bank of Iraq a little while ago and has custody of the documents and all the documents from 2003 to the present day…” Told You this week would be something epic…There is much more to come. Told You 1…2…3 needed. 3 is on fire… This article is but an apex.
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Millionday – Quote: “According to a statement of the Central Bank «morning» received a copy of it is set to start events that will continue for two days in Albannaah capital Beirut on Tuesday in the presence of the Iraqi Central Bank Governor…” THIS IS THE REPORT OF CBI AT THE ECONOMIC FORUM —THEY EXPLAINED PLANS OF ECONOMIC REALITY… THE FORUM IS GOING ON RIGHT NOW… THEY WANT THE IRAQI ECONOMIC REALITY AND BANKING IN IRAQ TO BE THE CENTER OF IT ALL — LEBANON HAS BANKS IN IRAQ SO OBVIOUSLY A PUSH/HOPE IS WHAT MANY ARE LOOKING FOR. THE AMF [ARAB MONETARY FUND] RATES WILL IMPACT IRAQ DUE TO THE MASSIVE BUSINESS AND TRADE EXPECTED AND OF COURSE THE MARKET — BANKING REFORM — THE IRAQI DEVELOPMENT ETC ETC. NOTE – MANY REPORTS ARE EXPRESSING THE GLOBAL GOAL OF IRAQ — NOTE — DO NOT FORGET THE MANY ECONOMIC FORUMS /MEETINGS GOING ON RIGHT NOW — HUGE WEEK — HUGE.
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BGG – [19 days till october 1 what do you think BGG?] IMHO – they will satisfy the WB and IMF before Oct 1 (by all appearances).
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Iraqi Dinar/Dollar auction 13-09-15
Currency Auctions Announcement No. 3034 (most recent listing)
This daily currency auction was held in the Central Bank of Iraq on the 13-09-2015
The results were as follows:
| DETAILS | NOTES |
| Number of banks | 23 |
| Number of remittance companies | 6 |
| Auction price selling dinar / US$ | 1166 |
| Auction price buying dinar / US$ | —– |
| Amount sold at auction price (US$) | 164,878,281 |
| Amount purchased at Auction price (US$) | —– |
| Total offers for buying (US$) | 164,878,281 |
| Total offers for selling (US$) | —– |
More: http://dinarupdates.com/blog/
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Poppy3 – they told abadi get this corruption stopped now…he ask by what means…they told him what ever it takes to move forward now at any cost…1 hour later US troops took over the Rasheed CBI BANK which is where Maliki has been laundering and stealing their money. ADABI HAS ORDERED AN AUDIT IMMEDIATELY FROM 2003 TILL TODAY. THE BLEEDING SHOULD BE STOPPED AND REFORM WILL CONTINUE TO MOVE FORWARD FAST.
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Memphis – Article quote: “Urgent / Iraq “special forces stormed the Central Bank of Iraq a little while ago and has custody of the documents and all the documents from 2003 to the present day…” so Iraq is again a sovereign nation giving US forces free reign to storm the offices of their central bank; this story carries as much truth as when Shabibi had to flee by jet to Switzerland to avoid arrest only to appear at a symposium in Jordan a short time later. I can believe the event, just question the splainin’.
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tman23 – October 2012 Shabibi went to Japan for conference, during that visit Maliki placed a warrant for Shabibi’s arrest…….. Lebanon is who has been working with Iraq on lifting the 3 zeros (not Turkey as Guru TD would claim from his inside source)…. When that arrest warrant came out for Shabibi (to be specific) he was in Tokyo…..The Central Bank Governor of Lebanon, Riad Salameh…In 2012, Governor Salamé chaired the IMF and World Bank Boards of Governors held in Tokyo. He chairs the following bodies: the BDL Central Council, the Higher Banking Commission, the AML/CFT Special Investigation Commission and the Capital Markets Authority. Salamé is member of the Board of Governors at the International Monetary Fund (IMF) and the Arab Monetary Fund (AMF)……. Recall the recent articles of Maliki and “funds” in Lebanon….. Also….Recall that Ali Alak (CBI governor) from articles (several) was said to be traveling with the Iraqi Bond roadshow to the US and London…… Yesterday an article places Ali “Keywords” in Lebanon…….. Ali Akabar is the Deputy Governor of the CBI……. So which is it? Ali Keywords in Lebanon…… Do we have one in the USA and one in Lebanon…… and TAKE [SPECIAL] NOTE!!…..during the absence – report of a “raid” on the CBI…
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Dinar Updates retweeted
Reidar Visser @reidarvisser 7h7 hours ago
With both Sistani & Sadr addressing Turkish hostage issue, seems fair to assume captors are indeed Shia. But also highly marginal ones.
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Tman23 – On Thursday, Prime Minister Haider al-Abadi apologized for((NOT)) attending the parliament session today for “emergency reasons,” after minutes of arriving at the parliament building…… ((( AS I “heard”….. and posted mid august)))……there was to be a move against the CBI on 9/8……specific to the fact that Alak (Moshen Ismail) was going to be replaced……. No word on his being replaced…….But by the news coming out…..there is “something” going down at the CBI that is out of the “norm”……
BGG ~ great word Tman23 – good job sticking to your info…looks like (generally) something is up there…
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Backdoc – TODAY ON BLOOMBERG I HEARD THAT MITCH McCONNELL, SENATE MAJORITY LEADER, SAID THAT THEY MAY TAKE ANOTHER VOTE IN A WEEK OR SO TO MAKE SURE THAT NOBODY HAS CHANGED THEIR MIND! MMMM…NOW THAT’S INTERESTING. WHY WOULD HE DO THAT? HE ALSO SAID IF THERE WERE NO CHANGES ON THE VOTE THEY MAY ACTIVATE THE SANCTION RELEASE PROCESS ON GUESS WHAT DAY? NO SURPRISE TO ME… OCTOBER 8TH!! A NEW BEGINNING AGAIN? MY NOSE IS TRACKING IRAN! IT’S ALL ABOUT THE DEAL! I SMELL A RELEASE OF MANY ASSET BACKED CURRENCIES IN THE VERY NEAR FUTURE! JUST LIKE THEY SAY IN IRAQ… ALL IN ONE BASKET! [post 2 of 2]
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BGG – Article quote: “special forces stormed the Central Bank of Iraq a little while ago and has custody of the documents and all the documents from 2003 to the present day…” I think the storming of the CBI – is the MOST STUNNING news of the YEAR…they have been monkeying around with these jokers politically – then BAM!! S.F. rolls in and scoops up all the documents – ask yourself why? S.F. storming in and grabbing up documents is not a political solution – it is a very serious criminal/trial/evidence solution…and THAT is likely why Maliki did a disappearing act. it appears…to be some cooperation between Abadi, Parliament and whomever moved on the CBI – I doubt very much it was the US. sounds like they are going after this corruption – full force.
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Exclusive: America controls the Central Bank of Iraq
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Backdoc – SO MANY FOLKS KEEP ASKING ME TO BITE ON THE FORBIDDEN APPLE… “DATE OR RATE DIAGNOSIS PLEASE DOC!” THAT DECISION IS UP TO OZ AND OZ ALONE! WHY? SO THERE WILL BE NO DOUBLE DIPPING TO PREVENT FRAUD! (Oz=IMF, WORLD BANK, U.S.TREASURY, AND CBI) WE NEED TO TRACK THE SCENT RIGHT? AS I’VE SAID, “BECAUSE IT’S ALL ABOUT IRAQ IT’S NOT ABOUT IRAQ”! WHO HELD MASS AMOUNTS OF DINAR THAT NEEDED TO BE RETURNED? IRAN! IS IT RETURNED? YES! WHO HAS THOUSANDS OF TROOPS IN IRAQ TO CONVENIENTLY BE THERE AND ACT LIKE THEY ARE THERE TO HELP? RIGHT AGAIN…IRAN! [post 1 of 2….stay tuned]
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WELCOME TO ROUND TABLE CHAT w/BGG
Thanks to Dinar Recaps for posting Round Table w/BGG
BGG: I have some commentary “in review” of yesterday…
BGG: Maybe I should have been a little more “tender” with my words. I used the word “RV” apparently currencies don’t do that (otherwise I’m an idiot – according to some commenters). I say… SEMANTICS
BGG: I care very little what terminology gets used. I care about getting things started OFF!!
BGG: Whatever the number – or the term – or what the “title page” looks like – J I’m just looking for THE JUMPING OFF POINT.
BGG: because once it gets going (again) their market will take care of the rest.
~~~
http://www.dinarupdates.com/showthread.php?19697-Bgg-roundtable-9-9-15
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Commercial Solicitation
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Throwback Thursday
The Exchange Rate of Foreign Currency in Economic Feasibility Studies
Below are the central controls related to the exchange rate of the foreign currency to convert the project inputs and outputs from foreign currency to its equivalent in the local currency, and that is by calculating the net discounted present value standard and the internal return on investments in economic analysis that governs investment projects that costs excess one million dinars.
Estimate the shadow price of foreign currency:…
3. Estimate the amended exchange rate of the Iraqi dinar to be used in technical and economical feasibility studies and for (1.134) dollar per dinar. This price should be approved for 3 years until re-appreciation by the competent authorities.
Read More: http://dinarupdates.com/blog/
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