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www.DinarUpdates.com
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Word for the day…
Psalm 100:4 (NKJV)
4 Enter into His gates with thanksgiving,
And into His courts with praise.
Be thankful to Him, and bless His name.
Heavenly Father, Thank You for Your Grace & Mercy! We bless Your Holy Name! In Jesus Name, Amen.
Mrs BGG
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When you want to help people, you tell them the truth. When you want to help yourself, you tell them what they want to hear. – Thomas Sowell
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*** Current Posts ***
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Poppy3 – [there was an article posted…about tariff collection in august being delayed. Does anyone know how/if this affect our investment?] YES THATS TRUE BUT THE REASONS ARE ALWAYS DISTORTED IN TRUTH…MAIN THING IS THEY CAN’T COLLECT TAXES TILL THE RATE CHANGES. THE LOANS WON’T BE FUNDED OR THE BUDGET TILL A NEW RATE. THE BUDGET CAN’T BE FUNDED TILL A NEW RATE…AND IF ALL THIS STUFF IS TO BE IMPLEMENTED, COMPLETED BEGINNING IN AUGUST THEY GOT TO GET THE FIRST THING DONE FIRST AND THAT IS A RATE.
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Adam Montana – […how’s that good ol’ HCL looking like from your point of view after these Ramadan days?] It can’t be far off now!
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Mnt Goat – Third …just recently the UN has announced that, by implementing the tariffs on August 1st and plugging into the WTO tariff system, they will become a full member in the WTO (World Trade Organization). Fourth- How can a country become a member nation of the WTO and not have an internationally recognized currency when the UN charter specifically addresses this issue in Article 8? We have read articles telling us that the only two pieces left were implementation of the tariffs and currency reform. Fifth we have read just recently an article from parliament finance telling the CBI there COULD NOT BE A MORE PERFECT TIME TO ACTIVATE THE PROJECT TO DELETE THE ZEROS than immediately. Can you see what is about to happen? [post 2 of 2]
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Adeeb reveals his candidacy for the leadership of the National Alliance
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Mnt Goat – Earlier in the week I referenced a window approaching for a possible RV opportunity coming close at hand. Well it’s now here and everything is looking fantastic. If you are at all familiar with what has been transpiring in the news from Iraq over the last couple weeks you should be aware of just how close Iraq must be to having its provisional currency revived and going international once again. So let me set the stage for what we are being told is about to happen in Iraq. First…they fully intend to implement their tariffs, customs and taxes on every boarder crossing on August 1st 2015. Second they have told us that by the revenues generated from the tariffs, customs and sales taxes could amount to over 2 billion dinars by the end of September, if implemented on time. How can the citizens afford these sales taxes with the current rate of the dinar? [post 1 of 2….stay tuned]
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Adam Montana – Well, here we are… [Ramadan] is over, and things are starting to pick up again. ISIS is becoming less and less of an “item” in the daily news, which I expected. There is news of progress on the HCL, but no official movement as of today. That really sums up the whole situation. We need some strong HCL news to get really excited, and until that happens we are in a holding pattern. I have eyes, ears, and boots on the ground that are keeping me very up-to-date on the important stuff, and as soon as I get word that we’re close I will let you know!
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Poppy3 – DO THEY WANT TO GET THE PEOPLE PAID? ANSWER YES AND HAVE STATED SO SEVERAL TIMES. DO THEY NEED THE FUNDING FROM THE LOANS – YES. DO THEY WANT/NEED/EXPECT THE TARIFFS AND TAXES? YES AND HAVE SAID SO SEVERAL TIMES. DO THEY NEED AND HAVE PROMISED THE BUDGET FULLY FUNDED — YES AND HAVE DEMANDED IT BE DONE AND ALL THESE THINGS TO BE COMPLETED IN THE MONTH OF AUGUST. HMMM NOW I HAVE BUILT MY EXCITEMENT TO A LEVEL THAT I CAN DANCE.
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Don’t Miss Round Table Chat w/Millionday @ 1:00PM EST – today in the DU Chat Room!!
Read More: http://www.dinarupdates.com/
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My Ladies – Article quote: “Disable always on Thursday to next Sunday due to high temperatures” [Temps in Bagdad: Wednesday Clear 119°92°; Thursday Sunny 124°91°; Friday Sunny 123°92°; Saturday Sunny 122°91°; Sunday Sunny 121°90°] IRAQ IS ON AN OFFICIAL HEAT HOLIDAY UNTIL NEXT WEEK. IT’S HOT HOT HOT AND THEY DON’T ALL HAVE A/C. YEP THEY NEED A HEAT HOLIDAY.
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Poppy3 – Article: “World Bank gives Iraq two months to approve the anti-money laundering law” SEEING THIS FOR REAL IN INK IS A REAL EXCITING NEWS POST. IT ALSO CONFIRMS WHAT WE HAVE SAID FOR A COUPLE MONTHS THAT THEY HAVE (THE WORLD BANKING LEADERSHIP ) LIKE US…HAVE BELIEVED AND THOUGHT THIS SHOULD HAVE ALREADY BEEN COMPLETE. LETS ALL HOPE THEY ARE CLOSER TO FINALIZING ALL THE NEEDED LAWS, ETC. THAN THEY HAVE MADE PUBLIC…THIS IS HUGE NEWS AND A CONFIDENCE BUILDER.
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BGG – [Is it True Iraq has 60 days to RV?] not exactly – the WB [World Bank] has given Iraq 60 days to deal with their money laundering issue…which should, at some point shortly after they do – open the door for a very different regime… (more PRO-currency reform) – short answer…it is far more possible once they satisfy the WB.
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Frank26 – WE ARE FOCUSED ON AUGUST THE FIRST TO SEE IF THE TAX AND TARRIF LAWS COME OUT AND TO SEE IF THE BONDS ACTUALLY START SELLING…BOTH IN AND OUT OF IRAQ. WE BELIEVE THE DOMESTIC BONDS WILL BE SEEN AT THE 1095 LEVEL TO ENTICE THE IRAQI CITIZENS TO COME INTO THE BANKS AND TO INTEREST THEM IN PARTICIPATING IN THE SALE OF THE 2 BILLION IN DOMESTIC BONDS. THIS CHANGE FROM 1166 IS THAT “ATTRACTION” OR ENTICEMENT THAT DR. S [SHABIBI] KNOWS IS NECESSARY AT THIS TIME. ONCE THE DOMESTIC BONDS ARE OUT THEN WE WATCH FOR THE INTERNATIONAL BONDS TO SHOW AND JUST AS THE DOMESTIC BONDS NEEDED TO BE ATTRACTIVE SO DO THE INTERNATIONAL BONDS AND WE LOOK FOR THAT “ATTRACTION” THAT WOULD BE TIED TO THEM.
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tman23 – There are 2 types of news in Iraq…….. The news we get from press releases and then the news on the streets which is only for Iraqi’s………… And inside Iraq they are trying to hold it together with more talk……But the reality is, it is about to explode internally if they do not come up with immediate solutions…….and those solutions require money……. LOTS OF MONEY !!!
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My Ladies – Perhaps we are misleading people or using the improper verbiage or not getting our point across thoroughly…Neither Nova or I said…anything that the Central Bank of Iraq isn’t saying. I don’t know and Nova doesn’t know if 1095 is going to be the exchange rate of the Iraqi dinar. What we said is the Central Bank of Iraq said they are selling bonds — their verbiage was “abroad” — at a rate of 1095 to 1 USD. They’re selling it in dinar. Again, this isn’t Nova and me saying these things. This is the CBI and ISX. This was formal, on their letterhead…Now, what Nova and I said is that the Central Bank of Iraq, the Government of Iraq, or anybody can’t sell bonds abroad, international, whatever word for outside the country, without having an exchange rate. Are Nova and I saying that 1095 is the new exchange rate for the Iraqi dinar? No. The reason this is happening is because the GOI has no money. The GOI is broke, and they can’t get dinar from the CBI. They have to create an event in order to raise the funds they need. The whole thing is they’ve turned the engine on, and it’s wonderful.
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Commercial Solicitation
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My Ladies & Nova – ANNOUNCEMENT… “ANY COMPANY OUTSIDE IRAQ INTERESTED IN TRADING ELECTRONICALLY ON THE ISX MUST SUBMIT THEIR OFF IN WRITING BEFORE AUGUST 27TH AND THEY MUST INCLUDE WHO THEIR REPRESENTATIVE WILL BE.” I HAVE OFFICIAL NEWS THAT THE RATE IS GOING TO BE 1095 AND IRAQ WILL BE OPEN FOR TRADING 8/2…SO WE SEE THEY ARE ALLOWING ONLINE TRADING FOR ME AND YOU ON THE ISX. THIS IS TRULY REMARKABLE …ITS STARTING! EXCITING TO SAY THE LEAST!
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BGG – …they are meeting – over what to do about Maliki…they come back, not much gets done – deal with Maliki – move on… [are you saying Maliki issue is more important right now for them to decide than voting on the laws? because once Maliki is canned, the laws will be a whiz to pass?!] no question – that is what I am saying…he has played the “obstructionist” thus far. He goes – things move!!
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My Ladies – [Yes. And this process requires then the IQD to be international.] ABSOLUTELY IT DOES! YOU CAN NOT CONVERT EURO, OR YEN, OR PESOS, OR DISNEY DOLLARS INTO DINAR WITH OUT THE CONVERSION SWITCH BEING TURNED ON! …I HAVE SAID 2-3 DOZEN TIMES RECENTLY WITH ALL THIS ACTION IN THE MIDDLE EAST THE DINAR NEEDS TO TRADE SOON. I WAS NEVER SPEAKING TO VALUE, JUST TO THE START OF IT TRADING…AND I THINK THIS IS WHERE WE ARE AT COME THE 2ND OF AUGUST. [post 2 of 2]
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Commercial Solicitation
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tman23 – “the Government’s decision to reduce the salaries of officials and senior staff closer to attempt a radical processing prosthesis for the problem…” The salaries of the GOI were ridiculous…One of the IMF concerns/conditions with regard to Iraq GOI was salaries…to be adjusted.
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My Ladies – [They are creating DEMAND for the IQD by selling the bonds…The IQD now has a purpose.] THIS IS WHY WE ARE SAYING THE DINAR WILL BE CONVERTIBLE ACROSS BORDERS…AND ALSO LOOK AT WHO THE SELLER IS, THE GOI IS THE SELLER, NOT THE CBI, THE CBI IS ONLY MAKING CONVERSIONS. IN ORDER TO TRADE THESE BONDS ACROSS BORDERS THAT MEANS THAT THE CONVERSION SWITCH IS TURNED ON. RIGHT NOW THE DINAR IS FOR IRAQ USE ONLY AND IN ISOLATION RIGHT? SO NO MATTER WHAT YOU HEAR OUT THERE FROM ANYONE THIS IS BASIC BANKING 101, NO MYSTERY NO SECRET INTEL, NO NONSENSE. THIS IS JUST HOW THE WORLD OF BANKING WORKS. BASIC AND NO MYSTERY INVOLVED. [post 1 of 2….stay tuned]
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BGG – Article: “World Bank gives Iraq two months to approve the anti-money laundering law” I mean HOLY MOLY! Basically the WB is giving them 2 months to get this done – Or else…it also portrays the WB has been assuming this would have been handled by now – pretty much guarantee this is the hold-up behind the various “aid packages” and loans…also – I would imagine they know Maliki is the central figure in this problem (money laundering – via the CBI). All I can say is SHAZAAM!! if there were ever pressure on Iraq and the CBI – it is now.
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Frank26 – Maliki…is the reason why we don’t have a monetary reform yet. Maliki sees his loyal followers dwindling in front of him. His time is measured. Maliki even tried to give problems to the Kurds. Normally they would have come out after him – but they did nothing. They don’t care about Maliki! The Kurds are the primer of the monetary reform of the IQD currency. They are the ones who will trigger everything for the funding. The GOI said that the investment law is being passed and IMO is being done for Kurdistan. The INVESTMENT LAW was passed a long time ago. It was amended 3 times. Why? To “SUIT” the conditions for the Investment Law…to grow the private sector and their economy. They have to get this done by October. [post 2 of 3….stay tuned]
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Mnt Goat – My next guess is that also very soon we will see this infamous “basket” of laws being announced since they are all inter-connected together and must be implemented all at once to make any sense.
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Frank26 – …the main thing that we have been concerned about in the IQD investment is the SECURITY in Iraq. The SECURITY that we want is growing rapidly. The Iraqi Army is kicking butt…removing ISIS…capturing cities, ground, banks, etc. The IMF watches all of this and says on their website that the IQD is 1166…but 2 days AFTER this military action…the IMF removes the rate of the IQD and puts up there…“HOLDING”. What are they holding? Not much…you know the IMF already gave Iraq the green-light. We believe that the info coming out right now is so concentrated towards the monetary reform of the IQD that it is very clear. I think the conditions are now good to raise the value of the IQD. The environment of Iraq is good for the IQD to reinstate it’s value…just like Dr. Shabibi wants. We are almost there…I don’t know WHEN…we offer no date here. You can’t raise the value of the IQD if the GOI and the CBI are fighting – and there is none! [post 1 of 3….stay tuned]
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Dinar Updates World Bank gives Iraq two months to approve the anti-money laundering law
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My Ladies – …NEVER MIND THE INITIAL RATE…THIS WILL CHANGE… WE COULD SEE MORE PROGRESS WITH THE IQD RATE BETWEEN THE 2 BILLION BOND SALE, WHICH STARTS AUGUST 2ND, AND THE 3 BILLION BOND SALE, A MONTH LATER. WE MAY NEED TO SEE A RATE FIRST, THEN DELETE THE ZEROES. THE DELETE THE ZEROES THING, PART OF THE TWO-PART PROCESS, COULD HAPPEN AT ANY TIME. YOU CANNOT COME OUT OF YOUR DRIVEWAY DOING THE SPEED LIMIT. YOU HAVE TO START SLOW, SEE HOW IT GOES, THEN YOU CAN THROTTLE UP. KUWAIT NEVER REVALUED. THIS IS A MYTH. THEIR CURRENCY WAS FROZEN WHEN IRAQ WAS INVADED. WHEN IRAQ LEFT, THEY FLIPPED THE SWITCH BACK ON. THE SAME THING IS LIKELY HERE…WE WILL JUST SEE THE INVESTMENT CRACK WITHOUT WARNING. [post 2 of 2]
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News Time Chat w/BGG in for Millionday – 7-27-15
Thanks to DinarRecaps.com for posting News Time Chat
BGG: Here we go…
BGG: Round Table WAS OFF THE HOOK today…
BGG: http://www.dinarupdates.com/showthre…g-news-7-27-15
BGG: I’ll be glad to take questions on any of that later… but that World Bank article was a real STUNNER.
BGG: “For Dinar News that matters…”
BGG: An unannounced visit, “al-Maliki” Tehran .. up to form an Iraqi, Iranian front under his chairmanship
BGG: Vice President Nuri al-Maliki arrived on an official visit undeclared to the Iranian capital Tehran.
The sources confirmed that al-Maliki will discuss with leaders and officials in Iran composition Iraqi-Iranian front under his chairmanship in order to bring big changes in the private and the region General Iraq, noting that the Iranian side presented previously and continues to provide material and moral support of a coalition of state law, led by Vice President of the Republic of former Prime Minister Nuri al-Maliki.
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Read More: http://www.dinarupdates.com/showthread.php?15789-Millionday-News-7-25-15
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My Ladies – THE SANDBOX IS A LOT FURTHER ALONG THAN WHAT WE KNEW OR SUSPECTED…WE ARE DEALING WITH SOME OF THE LAST PUZZLE PIECES. IRAQ IS READY TO SELL RETAIL BONDS…KEEP WATCHING THIS PROCESS…THIS MAY START AUGUST 2ND. IF THIS HAPPENS IN IRAQ ONLY, THEN NO INTERNATIONAL RATE IS REQUIRED. WE ARE NOT SURE JUST YET WHERE THEIR CURRENCY COMES INTO PLAY DURING THIS PROCESS. WE MAY SEE A 1095 RATE FOR THE IQD ON THE FOREX THIS COMING SUNDAY NIGHT, MONDAY MORNING VIA THE CBI WEBSITE. DON’T DO ANYTHING… DON’T FREAK OUT…JUST WATCH IT TAKE ITS FIRST INTERNATIONAL STEPS. IQD AT THE START 1095, BUT IT WON’T STAY THERE…IT CAN’T. [post 1 of 2….stay tuned]
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Kaperoni – Article quote: “economic and investment commission parliamentary member Ahmed Kanani that the World Bank and other international financial institutions gave Iraq until next October as the date for the adoption of anti-money laundering law.” Well we see if they can pass this before Oct. There are also several articles that seem to tie these laws to the currency reform. If so, we may begin to see monetary change right after the laws are passed.
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Stryker – The news just keeps getting better and better with the dinar this month… The top Iraqi dinar news is, Finance Committee secretary Hadi al-Yasiri two days ago made these comments: QUOTE: “the central bank to speed up the application of the project to delete the zeros and make it parallel with the money, which began shortly before laundering law.” Remember that the World Bank and other International financial institutions have given Iraq 2 months or until October to enact the Anti-Money Laundering Act. Does this mean that it will not RV until then? Could be but they may be able to work around that if all blocs agree to pass it thru parliament. I’m under the opinion that the country needs this to take place and the right people are finally in charge, so our chances are better then they have ever been for this project to take place.
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Round Table Chat w/BGG filling in (mid-day) – 7-27-15 Part 2 of 2
Thanks to DinarRecaps.com for posting Round Table Chat w/BGG filling in for Millionday
BGG: OK – lets cover some more news.
BGG: The current time is right to delete the three zeroes from the local currency
BGG: BAGHDAD / Nina / called a former member of the Finance Committee secretary Hadi al-Yasiri, the central bank to speed up the application of the project to delete the zeros and make it parallel with the money, which began shortly before laundering law.
BGG: Yasiri said the National Iraqi News Agency / Nina / that “the project to delete the zeros old project was supposed enacted and implemented years ago, but some economic matters has affected negatively on the approval, stressing that” the market work and the issue of external and internal debt and the work of the Iraqi Stock Exchange are all related to the deletion of zeros and must Coordination with the government to have the project ready for implementation. “
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Read More: http://www.dinarupdates.com/showthread.php?15953-Bgg-news-7-27-15
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Mnt Goat – Last week I also presented you with an article statement from the head of the finance ministry and they told us at that time it was “URGENT” and “THE BEST POSSIBLE TIME” now to complete the process to delete the zeros from the currency (or drop the larger 3 zero notes, the provisional currency). The IMF is also strongly suggesting now it the time. I feel that all the provinces may not get paid oil royalties this week (in fact I am sure of it) but the beginning of the process will show to the IMF and the USA they are making good on the HCL law to distribute these funds…I have told you all along this is something that is NECESSARY to see any RV. We will witness this very soon. [post 2 of 2]
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Bulldog75 – An Iraq RV is imminent. The planet finances are beckoning the obvious. Prepare and buckle up. The financial wind currents are getting stronger by the day.
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Mnt Goat – Earlier in the week I referenced a window approaching for a possible RV opportunity coming close at hand. Well it’s now here and everything is looking fantastic. The hope was that this final vote on Amnesty would have been taken on last Thursday 7/23 or Friday 7/24. However parliament decided to take a short recess until meeting again on Monday and the vote had to be delayed. So lots could happen this week. …I was told over the weekend is that the distribution of the lower denominations depends on the passing of the Amnesty bill. This is why I believe it may in fact get passed this week and we might see our lower denoms distributed OFFICIALLY throughout ALL THE PROVINCES. We all should know what this means…right? The rate has to change in order to do this move. We wait to see what happens this week. [post 1 of 2….stay tuned]
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Round Table Chat w/BGG filling in (mid-day) – 7-27-15 Part 1 of 2
Thanks to DinarRecaps.com for posting Round Table Chat w/BGG filling in for Millionday
BGG: Alright – everything I’m going to cover comes out of the “Current Iraq NEWS” Forum…
BGG: If you all haven’t seen the new format – IT IS AWESOME. Check it out.
BGG: Each article is separate and open for comments.
BGG: Also much easier to browse and “search”…
BGG: and before I move on – to our News Hounds, posters, and editors (we could use a couple more) THANK YOU – It looks GREAT!!
~~~
Read More: http://www.dinarupdates.com/showthread.php?15953-Bgg-news-7-27-15
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My Ladies – THE MINISTRY POWERS ARE TO BE TRANSFERRED TO THE PROVINCES BY AUGUST 5TH, DESPITE THE STALLING AND THE WHINING. THIS IS NECESSARY STEP TO MOVE TO MARKET ECONOMY, THE TIMING OF ALL OF THIS SURE IS POSITIVE, AND WITH IRAN IN IRAQ RIGHT NOW THINGS COULD BE MOVING ALONG.
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OOTW – [excerpt] WE SAW A VIDEO PRESS RELEASE A FEW MONTHS AGO, INDICATING THAT THE 50K NOTE WAS GOING TO BE WORTH 100.00…
This is neither a correct nor accurate statement. There was no such “release” nor have they indicated the value of the 50k note would be $100. However, in virtually every ACTUAL report they have talked about the 100k note being worth $100 – so roughly what it is now. No change… the 5ok/100k note plan is a “tread water” scheme – not a change value plan.
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Millionday – Article quote: “The proposals and amendments approved by the parliamentary committees on investment law will be presented early next legislative term, to approve the legislation…” THE INVESTMENT LAW HAS BEEN ADDRESSED AND AMENDMENTS WILL NEED TO BE MADE INTO LAW AS AMENDED…IT IS LAW WITH NEEDED AMENDMENTS FOR INTERNATIONAL INVESTMENT. [Do Amendments need to go through the same process of 1st, 2nd 3rd readings?] THE REPORT STATES IT GOES FOR VOTE…IT IS ONLY 2 READS AND VOTE NOT 3. I CAN IMAGINE THIS IS NOT GOING TO BE A SLOW PROCESS AT THIS POINT.
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The current time is right to delete the three zeroes from the local currency
BAGHDAD / Nina / called a former member of the Finance Committee secretary Hadi al-Yasiri, the central bank to speed up the application of the project to delete the zeros and make it parallel with the money, which began shortly before laundering law.
Yasiri said the National Iraqi News Agency / Nina / that “the project to delete the zeros old project was supposed enacted and implemented years ago, but some economic matters has affected negatively on the approval, stressing that” the market work and the issue of external and internal debt and the work of the Iraqi Stock Exchange are all related to the deletion of zeros and must Coordination with the government to have the project ready for implementation. “…
http://www.dinarupdates.com/showthread.php?15935-The-current-time-is-right-to-delete-the-three-zeroes-from-the-local-currency-7-27&p=124710&viewfull=1#post124710
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firefly – [do you think that M [Maliki] needs to be delt with before the RV can happen?] No I’m looking for the implementation of the tariffs and the International Bonds…Tariffs and Bonds both scheduled for Early August. [is it Aug. 1st for the tarriffs and Aug. 2nd for the Bonds?] That’s what is in ink. Let’s hope they stick to the plan this time!
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Denouncing Maliki’s remarks and announce formation of international body for prosecution
Denounced Dr. lawyer Khalil al-Dulaimi, head of the international legal body Maliki’s comments and said, “We condemn and deplore the people of Iraq and the strength of national reject the occupation and for each secretions illegal, statements provocative to Nuri al-Maliki, which attacked the Kingdom of Saudi Arabia and Maatertb for these serious irresponsible and provocative of abuse of a country with a weight and weight statements in the Islamic and international arenas, and even beyond those abuses and statements expressing the same sectarian hate and patient, than to provoke the feelings of all Arabs and Muslims, “he added,” these statements that represent incitement clear on terrorism and a threat to the Islamic Arab, regional and international security and directly threatens international peace and security…
Read More: http://www.dinarupdates.com/showthread.php?15937-Denouncing-Maliki-s-remarks-and-announce-formation-of-body-for-the-prosecution-7-27&p=124712&viewfull=1#post124712
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My Ladies – Article quote: “The central bank announced on Sunday his intention to put up bonds…The bank said it “will sell that amount in Iraqi dinars and the price of 1095 dinars per dollar...” [I remember…you and Nova spoke about the possibility of a two step process. One to introduce their currency to the int’l market, and then shortly thereafter, raising the value to a true level. Perhaps 1095 could be a launching position?] WE NEED TO SEE WHAT 8/2 BRINGS BECAUSE I HAVE A GNAWING FEELING THEY ARE GOING INTERNATIONAL AT THAT PRICE FOR NOW…WE HAVE TO SEE BUT IT SURE SAYS THAT TO US…ALL OF THIS SPEAKS TO TRADING GLOBALLY AND DOING IT NOW!!
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Iraqi Dinar/Dollar auction 07-27-15
Currency Auctions Announcement No. (3002)
This daily currency auction was held in the Central Bank of Iraq on the 07-27-2015
The results were as follows:
| DETAILS | NOTES |
| Number of banks | 19 |
| Number of remittance companies | 6 |
| Auction price selling dinar / US$ | 1166 |
| Auction price buying dinar / US$ | —– |
| Amount sold at auction price (US$) | 326,109,365 |
| Amount purchased at Auction price (US$) | —– |
| Total offers for buying (US$) | 326,109,365 |
| Total offers for selling (US$) | —– |
More: http://dinarupdates.com/blog/
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sczin11 – Article: “Parliament amended the important laws for a vote soon” Quote: “The laws that have been modified by agreement of the political blocs, the National Guard is the law and the law of amnesty, as well as other laws,” HUGE STATEMENT! LAWS ARE DONE…NATIONAL RECONCILIATION IS NEXT… WOW….WHAT A POWERFUL RELEASE WITH LOTS OF INFORMATION…WILL WE SEE A TUESDAY AGENDA FULL OF THESE REFERENCED LAWS?
Complete B.S. – fully inaccurate analysis…ask yourself why??
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Arthur – “WITHOUT BEING TOO SPECIFIC YET UNTIL CERTAIN EVENTS BECOMING PUBLIC, I CAN OFFICIALLY SAY I AM VERY EXCITED ABOUT THE MONTH OF AUGUST”
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Millionday News Time – 7-25-15 Part 2 of 2
Thanks to DinarRecaps.com for posting Millionday News Time
Millionday: NOTE — THIS IS RELEASED TO THE CITIZENS TOMORROW
Millionday: The general budget organized on the basis of government accounting, and this is the basis of a minor for providing accurate and useful reading in directing the budget towards the ends and in the provision of management rules and planning and control and optimal use of resources,
at a time when the general budget passed in world developments successive which turned the budget from being an annual plan of expenditure and income within tabs accounting rigid, turned into plans and programs that respond to the objectives of the strategic medium and long term,
and has seen those developments move the budget to a data help rule Leaders on the optimal utilization of available resources (dubbed administration budget
~~~
Read More: http://www.dinarupdates.com/showthread.php?15789-Millionday-News-7-25-15
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Arthur – AS WE KNOW MY STANCE HAS ALWAYS BEEN THAT, BEYOND WHATEVER OTHER PROBLEMS IRAQ MAY HAVE (SECURITY . INVESTMENT LAWS ETC.), THIS HCL IS BY FAR THE MOST PRESSING FOR WHAT WE ALL WANT IS CONCERNED AS WE CAN SEE HERE IT IS NOW BEING LINKED TO AN OVERALL NATIONAL ENERGY CRISIS AND THE FINANCE COMMITTEE RECOGNIZES THE URGENCY AND WILL BE MEETING TO RESOLVE ON TUESDAY. THIS IS ALL PART OF THE NEW RV WINDOW I WAS REFERRING TO EARLIER.
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Dinar Updates retweeted Iraq Live Update
BGG ~ What is Alak up to?? Since when is it his job to make civil service awards??
Four #Gold bars awarded by Iraqi Cen Bank to ‘Sunni’ #OmQusay who saved young Shia cadets from #Speicher1700 massacre
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firefly – …sovereign bonds are for Iraq, International bonds are for…well… INTERNATIONAL…2 bonds, 2 separate entities. Sovereign bonds don’t interest me. On the other hand, International Bonds should be very exciting for us. Iraq has put in ink the International bonds will be released in Aug. Let’s see if they stick to their deadline. I don’t give windows or dates but they have to do something and SOON. I have a hunch we’re heading into VERY exciting times with our investment.
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Sunday Afternoon Dinar Call!!
w/BGG & Mr White from 7/26
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Millionday – Report quote: “it has become an annual plan reflects the plans or the medium and long-term strategies, which are aimed at achieving economic and social goals” THIS MASSIVE REPORT HAS BEEN EXPECTED AND HERE IT IS — WHOOPOW. THE OPERATIONAL SIDE OF THE BUDGET HAS BEEN OPENED — THIS IS ABOUT THE INVESTMENT ETC SIDE. THE GOALS ARE MASSIVE…OBVIOUSLY A VERY HARD POSITION TO BE IN. THEIR BUDGET IS NO LONGER JUST WORDS AND IS HEADED TO WORLD POWER THAT BE FOR ACTIVATION AND PLANNING. [when is this to be implemented?] THIS IS BEING DONE NOW.
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Breitling – Article [Iraqi Banks refuse to anti up amid liquidity shortages] What’s so pleasing to me is that they have to lower the note count to do this…That’s what these banks are having a problem with. It’s a liquidity shortage…this is a reflection of them pulling dinar off of the market. But what’s their number on problem though? It’s the US Dollar. Everybody is addicted to the US dollar. But what this tells you and what you should focus on is the note count reduction…because it’s big and it’s heavy and it means something for us. We are going to gain value. There has never been a country reducing their note count like Iraq is doing and haven’t gained value on their currency. It’s that black and white…it’s that clear. [Post 2 of 2]
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Millionday News Time – 7-25-15 Part 1 of 2
Thanks to DinarRecaps.com for posting Millionday News Time
Millionday: WE HAVE SOME NEWS TONIGHT WE HAVE NEVER SEEN BEFORE
Millionday: WE HAVE SOME VERY INTERESTING NEWS TONIGHT
Millionday: READ EVERY WORD — VERY IMPORTANT
Millionday: evolution of the concept and content of the state budget over time, is no longer a budget just legislation to legitimize the expenses and revenues in the traditional clauses that were linked to the traditional role of government,
it has become an annual plan reflects the plans or the medium and long-term strategies, which are aimed at achieving economic and social goals
~~~
Read More: http://www.dinarupdates.com/showthread.php?15789-Millionday-News-7-25-15
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tlm724 – Article: “Urgent ..alebadi Parliament calls for national legislation card law as soon as possible to be checked” Quote: “the government is committed to simplifying the procedures for transactions This card is one of the wheels of the citizen and to avoid administrative and financial corruption.” so this card will replace all other cards issued and will also be issued to everyone 12 years old and above throughout Iraq.
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The stability of the dollar exchange rate in the province of Kurdistan markets
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Breitling – The price of oil will go down…will that have an effect on the dinar? It could. If their revenue drops they will just drop the note count down. They are going to get that value no matter what. They are going to get to a buck seventeen ($1.17) and then they’re going to get to $3 plus…that’s on their agenda. In fact it’s a massive priority. That’s why I get so excited when I talk about it. Don’t worry about the oil prices going down…they can adjust the note count based on what the markets are. [post 1 of 2]
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Millionday – Article quote: “The parliamentary finance committee expressed, Thursday, for it seeks to discuss and approve the pass a number of bills in the House of Representatives and that serve the monetary policy of the country in general.” THE SESSION ON THE 25TH IS TO INCLUDE MONETARY POLICY LAWS AND ONE IS THE TARIFF TAXATION FOR GOVERNMENT REVENUES.
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Commercial Solicitation
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tman23 – IMO……we are receiving limited amounts of information……Such as……Everyone who knows Maliki’s past knew he wasn’t going to resign….They sure as h*** knew !! And you can bet the moves are already planned……. Which is IMO…….still everything at one time !!
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Dawa Party, Abdel-Halim al-Zuhairi abandon Maliki and goes to advocate Abadi
Baghdad / Baghdad – …on Saturday that Fakih Dawa Party, Sheikh Abdul-Halim al-Zuhairi abandoned Vice President Nuri al-Maliki and went to advocate for the Prime Minister Haider al-Abadi, after realizing that the burning of paper the first in the political arena…
Read More: http://www.dinarupdates.com/showthread.php?15787-The-Dinar-Daily-Saturday-July-25-2015&p=124446&viewfull=1#post124446
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BREAKING NEWS!!
BGG – …on Saturday [the] Dawa Party, Sheikh Abdul-Halim al-Zuhairi abandoned Vice President Nuri al-Maliki and went to advocate for the Prime Minister Haider al-Abadi, after realizing that the burning of paper the first in the political arena…
So – over the last couple of days, Maliki was supposed to resign on (or around) the 20th. He did not. I pointed out on a recent call I would imagine little would get done in Parliament immediately (when they got back) as I’m sure they would be in a tangle as to how to handle this (politically – when has anything in Iraq been done differently?). In the mean time – Maliki feeling some heat, came out the day before yesterday with some “mad dog crazy” comments about Saudi Arabia… I’m sure he knew what was headed his way – or has an idea. His comments were meant to “stir the pot” and get attention off of himself. As I said it would – it actually back-fired. Ironically, it may be the “nail in the coffin” for him…
Yesterday the National Alliance was in a mad scramble to figure out how to pick a new leader?? Why?? Maliki – while maybe not in name, is the political muscle (and money) behind the Alliance…. now, today – his most trust affiliate in the Dawa party is reportedly backing Abadi… very bad news for Maliki.
There seems to be a serious push to replace Maliki from the inside out… 1st the N/A yesterday – now the Dawa Party today… I was a little concerned about the lack of News so far – but now, IT’S ALL GOOOOOOOOOD!!
It appears there will be an “inner replacement”, then a political ouster, then on to the ICC… Adios Maliki!!
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tman23 – Through media and assembling of facts……. The US has made a statement since the nuclear agreement that they are going to limit Irans influence in Iraq……It is certainly a contested battle…… But to succeed IMO they have to remove those who keep promoting sectarian disputes and inciting riots and killings…… Just about every major issue Iraq faces has a Maliki finger print on it…… A few weeks ago England and US special forces have been securing every airport in Iraq…… The special forces were given carte blanch’ ….. No waiting on clearances from top brass…….CLEAN HOUSE !!!
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Millionday – Article quote: “The parliamentary finance committee expressed, Thursday, for it seeks to discuss and approve the pass a number of bills in the House of Representatives and that serve the monetary policy of the country in general.” THE SESSION ON THE 25TH IS TO INCLUDE MONETARY POLICY LAWS AND ONE IS THE TARIFF TAXATION FOR GOVERNMENT REVENUES.
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Millionday News Time – 7-24-15 Part 2 of 2
Thanks to DinarRecaps.com for posting Millionday News Time
Millionday: NOTE — FIRST TIME RELEASE
Millionday: Interior Minister Mohammed Salem Ghabban called Saturday unified card project through a large celebration held by the ministry by the way a good hotel room high-level presence of the aim of the reduction of multiple documents in a single document to reduce the audits and bureaucracy in government departments routine.
comes This move follows the launch of the government project to facilitate procedures for citizens and investors. Media Ministry Director Ibrahim al-Abadi said in a statement the “morning”: that
Millionday: NOTE — THE LAUNCH OF THE NATIONAL CARD PROJECT
~~~
Read More: http://www.dinarupdates.com/showthread.php?15785-Millionday-News-7-24-15
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Breitling – [Is it legal to buy the Iraqi Dinar?] You can buy anything you want! It used to be people saying it was illegal to buy it BUT you had all these banks buying it…Chase Bank. Bank of America had a seat on the auction floor in Iraq itself. There is no law against buying any currency.
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Millionday News Time – 7-24-15 Part 1 of 2
Thanks to DinarRecaps.com for posting Millionday News Time
Millionday: Hashemi prevented circumstances experienced by Iraq, particularly in the early nineties of the last century and the subsequent lack of awareness of insurance, of the insurance sector plays an active role in the country’s economy, as this sector is one of the main shareholders in financing and the establishment of development and service projects and investment,
Millionday: NOTE — OBVIOUSLY INSURANCE HAS A HUGE MARKET SHARE AND MOST ALL IS DEPENDENT
~~~
Read More: http://www.dinarupdates.com/showthread.php?15785-Millionday-News-7-24-15
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BGG – of what benefit is it for the Iranian Central Bank to boost their currency now? [Iran will not do that.. and why do we think Iraq will…?] it’s the only way the GOI will get any piece of the CBI reserves…the GOI stands to benefit – same way you and I do – it’s how they have been thinking about “bridging their deficit” – bank on it…I heard this scenario from a very direct source a while back. I just wish they would come on with the number…whatever it is.
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Dinar Updates @DinarUpdates 17s17 seconds ago
Urgent .. Maliki refuses to attend an emergency meeting .. after being summoned by the PoR!!
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BGG & wmawhite – Call it tax or tariffs…they need revenue…none of that happens without VALUE! Another indicator of what is coming…True
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Millionday Round Table Chat 7-24-15
Thanks to DinarRecaps.com for posting News Time with Millionday!!
Millionday: The parliamentary finance committee expressed, Thursday, for it seeks to discuss and approve the pass a number of bills in the House of Representatives and that serve the monetary policy of the country in general.
He said the Commission’s decision Ahmed Hama’s / scales News /, that “we have a lot of bills to be included on the agenda during the next sessions to improve the monetary policy situation of the country,” stressing that “the most prominent of those laws is the” federal revenue to the state, Alzerabh “.
Millionday: NOTE — THE SESSION ON THE 25TH IS TO INCLUDE MONETARY POLICY LAWS AND ONE IS THE TARIFF TAXATION FOR GOVERNMENT REVENUES
~~~
Read More: http://www.dinarupdates.com/showthread.php?15784-Millionday-Roundtable-7-24-15
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Millionday – THE OPERATIONAL SIDE OF THE BUDGET HAS BEEN LAUNCHED… THE INVESTMENT SIDE — NOT YET. THE FUNDS FOR INVESTMENT/PROJECTS ETC ARE NOT READY YET — BUT OPERATIONAL SIDE OPEN RIGHT NOW.
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BGG – …there are distinct advantages to Maliki being gone. He’s toxic – the world is not putting up with it. Someone WILL take the fall… and he is, ultimately responsible. Maliki is kidding himself…it’s all bad for him right now – there is no safe place. IMHO…once he (and then ALAK) are out of the way – things move very quickly.
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Poppy3 – I HAVE IT ON GOOD AUTHORITY THAT INTERPOL HAVE HIM [MALIKI] UNDER VERY CLOSE SURVEILLANCE AND WHEN THE INTERNATIONAL CRIMINAL COURTS HAVE THEIR CASE BUILT THEY WILL ISSUE A PICKUP ON HIM AND HE WILL BE GONE. TIME IS ON OUR SIDE DEFINITELY NOT HIS.
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Infallible threatens to use his constitutional right to sack Maliki (that would be Fuad Massoum – the PoR talking… about firing Maliki)
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tman23 – How about we are waiting on a credit rating so they can sell the bonds……and they need a rate to sell the bonds !! LOL !! These same a** clowns forgot that 18 months ago they claimed Iraq bond sales took place in Chicago at a rate of $3.71……. Now it’s coming ouut at $1.00………. gggggeeeeesssssshhh !! The investors who paid $3.71 are not going to be happy…….LOL
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wmawhite [ I dont know how they can enforce these Tariffs and not do something with the currency… the inflation will go thru the roof.] Exactly…those are small indicators of what is coming. The tariffs are an example of what needs a change in the value…because they/CBI will never speak directly about the coming change. I seriously look forward to each day because I believe that Iraq along with the entire region is at the point where Iraq will move forward at any time…Seriously, the dynamics are huge. And I don’t care what day of the week nor month. It doesn’t have to be the 1st, 15th…it can be any day now.
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tman23 – There is movement going on and IMO I don’t believe Abadi and Barzani are in disagreement……. I believe they are actually orchestrating a “gauntlet” per se’ ….special for Maliki and crew…
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Aggiedad77 – Article: “Iraq still needs Massive Int’l Support” The UNSC is saying that Iraq continues to need much support from the International arena….the Iraqis need to implement with vigor their effort to overcome the current economic crisis as well as the war against terrorism…but they desperately need funding and other support to make this happen…they need to continue to push for national reconciliation for all political entities and continue to focus on the growth of their economy.
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Dinar Updates retweeted Iraq Solidarity News
BGG ~ This is soooooo AWESOME!!
Iraq Solidarity News @iraqsolidarity
Say no to #sectarianism and see the bigger picture on #Iraq. Get involved & join the #debate https://www.facebook.com/IraqiNews
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BGG – Article: “The Commission on Economy and Investment parliamentary reading of the Investment Law, noting that it will be presented to parliament for a vote.“ The main thing Abadi promised investors while in DC… looking more and more like he’ll make good. [when is the vote scheduled or is it?] that sounds like it going to be “read” – I suspect Saturday or sometime shortly thereafter…it is a priority.
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tman23 – Once Iraq makes a currency shift and that currency is accepted international AND sitting in bank coffers and calculated on their balance sheets…… The investment will be to deep and the G19 countries will remove any “cancers” that threaten the $$$$$…
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“Straight Talk Radio” Call!!
Dinar Talk w/BGG from 7/23
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Aggiedad77 – Article: “Conscious / Send a card the draft national law to the Ministry of State for Provincial Affairs and Parliament” The COM has sent a new draft law to Parliament…the Standard Card National Law…proposing that this law be accelerated to get it worked through Parliament as swiftly as possible…this is the national card that would be issued to all citizens over the next couple of years…a card that may facilitate the delivery of oil payments to citizens…yes the long awaited fourth part to the HCL…note they may have slipped and referred to this as the “crude national card”…I’m liking that.
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My Ladies – Quote from Article from 2013: “Two Iraqi parliamentary committees monitoring fiscal policy in Iraq have held two contradictory positions on the Iraqi currency “reset” project, which would delete three zeros from the currency. There has been much debate about the project’s feasibility and the date of its implementation.” THE PEOPLE WHO OPPOSED THE RESET IN 2013 ARE THE PEOPLE THAT ARE SAYING NOW IN 2015 THE TIME IS RIGHT. IT SEEMS MALIKI BACK THEN AS [WAS?] FOR THE DELETION, AND TAMIMI AGAINST IT, SO NOW ALL THE CONCERNS HAVE BEEN ADDRESSED AND TAMIMI IS SAYING THE TIME IS NOW. SALEH WAS CONCERNED BACK THEN TOO AND EVERYONE OBVIOUSLY OUT RULED MALIKI AND NOTHING WAS DONE. SALEH IS ON THE BALL NOW…
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Millionday News Time – 7-22-15 Part 2 of 2
Thanks to DinarRecaps.com for posting Millionday News Time
Millionday: IMPORTANT LAWS
Millionday: MP for the coalition of state law honest frankincense, Sunday, the existence of the meetings of the heads of political blocs before starting the resumption of parliamentary sessions of the agreement and resolve their differences on important laws in line with the requirements of all the components of Iraq and not on the account without the other component.
He said chewing gum for “Eye Iraq News”, that “there are meetings of the heads of political blocs on important legislation of laws and the resolution of succession,” stressing “the existence of the will of the alliance legislation and the need to overcome the current stage and get to the real understandings on them.”
~~~
Read More: http://www.dinarupdates.com/showthread.php?15776-Millionday-newstime-7-22-15
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Chattels – [reference Kaperoni posts 7-22] the foregoing is likely a good analysis/extention of my simplistic statement that the world of international banking and commerce must accept/assign/embrace a value to the IQD…that banks will not exchange an increased value to the dinar if they cannot reliably profit from the transaction. increasingly I am persuaded that it is essential for Iraq to have a long term hydrocarbon law and be able to abide/perform in accordance with the terms thereof…such will require consensus and legislative action which continues to be a challenge for the Iraqi Parliament.
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Millionday News Time – 7-22-15 Part 1 of 2
Thanks to DinarRecaps.com for posting Millionday News Time
Millionday: HELLO EVERYONE WE HAVE SOME HUGE HUGE NEWS TONIGHT
Millionday: KNOW ONE THING THE NEWS IS FORMAL AND HUGE
Millionday: HUGE
Millionday: HUGE
Millionday: IT BEATS ALL NEWS
Millionday: THERE HAVE BEEN SOME GREAT ANNOUNCEMENTS FROM CBI BUT NOTHING LIKE ONE FROM TODAY
~~~
Read More: http://www.dinarupdates.com/showthread.php?15776-Millionday-newstime-7-22-15
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Kaperoni – Once sanctions were lifted on Iraq, and the banking system, Iraq is free to engage with the world. [so the sanctions have been lifted? is that right?] Yes…sanctions are lifted some years ago. But currently they are under Article XIV with the IMF which is technically called “Transitional” So Iraq is free to engage with any financial instution that is “willing” to take the risk. And many do…Especially since the CBI now guarentees funds/payments from it’s financial institutions. The bottom line, is as long as the CBI is under Article XIV they will have trouble finding instutions to do business with them. Its just the nature of it. Now, once the CBI has met the conditions of the Article IV Consultations…And have demonstrated that they can function by those conditions…They can ask the IMF to give them the blessing of sorts to move from Article XIV to VIII.
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Mnt Goat – I have also talked much in the past about the need to have a secure environment in Iraq. Mosul and Anbar, two very critical areas for ISIS occupation. News from the GOI have told us these are the key areas to getting rid of ISIS from Iraq. This is a requirement prior to any RV. This battle began last Monday 7/13 and now it is over a week in progress. We have heard only good news on the successes of this movement. Also we are now hearing they intend to speed up the process of bringing the former prime minister (now deputy VP) Nori al-Maliki to the ICC (international criminal court) for trial based on genocide and other crimes against humanity. We are also now hearing the are literally just days away from striking a deal on the final HCL law…. This new version will also take care of the Article 140…These are all items I suggested we all should watch…and should be HOT items on our radar. We are getting the necessary security and stability in Iraq now and so leaders of Iraq and seeing an opportunity and are suggesting to the CBI that they now jump on this time to finalize the currency reform process. [post 2 of 2]
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Dinar Updates @DinarUpdates 2m2 minutes ago
Iraq’s banks refuse to ante up amid liquidity shortage
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Adam Montana – [Now that Ramadan is over, to the best of your knowledge, what do you see happening now as far as Iraqi government is concerned? What areas will they tackle or will it take a couple of weeks to really get down to business?] We’re going to have to watch the news and see how it goes. We might be on a fast-track, or we might be looking at a couple months before they get cranking. I’m not going to pretend I know the future. I have high hopes for the next few weeks, which is rare for me, but just the same… I know better than to get too excited before I have some solid news.
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Millionday Round Table Chat 7-22-15
Thanks to DinarRecaps.com for posting News Time with Millionday!!
Millionday: HERE WE ARE AFTER EID — WHOOPOW
Millionday: NEWS SHOULD START CHANGING SOME — ACTION
Millionday: WE SHALL SEE
Millionday: WHOOOPOW
Millionday: House of Representatives will reconvene on Saturday amid disagreements continue to hamper reaching an agreement to pass important laws, while Stejem the hearings security breaches that have occurred in the last term and in particular the terrorist bombing of the long hand of Khan Bani Saad, inflicting many of the martyrs and the wounded.
Parliament rapporteur Emad John said, “morning”, that “the Presidency, which identified the dates of the meetings have not yet identified a law that will be discussed at the meeting,” pointing out that “determining the laws to be raised for discussion or vote is usually before 48 hours before the start of meetings. “
Millionday: NOTE — THIS MEANS THIS COMING SATURDAY FOR FORMAL PARLIAMENT BACK AT WORK
Millionday: And on the important laws of national Kahars and the Federal Court and the Justice and Accountability, warned Parliament a decision that “these laws are based on the consensus between the political blocs that bear in turn delay the legislation,” adding It “needs to be intensive meetings between the heads of the blocks in order to reach agreement on them, especially that it took a long time.
He was President of the Council, Salim al have identified Saturday as the date for holding parliamentary sessions without specifying the laws that will be put on the agenda.
Millionday: SO WHAT THIS MEANS IS THAT THE COMMITTEES HAVE WORKED HARD ON THE MAJOR LAWS SO WHICH IS READY THEY DONT KNOW YET BUT THERE IS TIME…
Read More: http://www.dinarupdates.com/showthread.php?15774-Millionday-Roundtable-7-22-15
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Mnt Goat – Article: “PARLIAMENTARY FINANCE SUPPORTS THE ISSUANCE OF NEW CATEGORIES OF CASH TO FACILITATE THE PROCESS OF CARRYING CURRENCY” …very, very good news…an article from parliament finance that tells us they are supporting an IMMEDIATE ISSUANCE OF THE NEW CATEGORIES OF LOWER DENOMINATIONS that would replace the larger three zero notes. We know that the only way they could do this is also to continue the project to delete the zeroes which means collecting them from us. They are not going to get them from us and they can not issue these lower denoms until they significantly RAISE THE VALUE. With everything happening in Iran as they are coming out of sanctions now, Iraq can not remain in isolation and now we see the pressure building here again and the climate is now right for delete the zeros. [post 1 of 2….stay tuned]
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Gen. Mark: Maliki corruption and his aides behind the collapse of the Iraqi army
BAGHDAD / News Network Iraq said candidate US President, Barack Obama, to the post of Chief of Staff of the US Army, General Mark Miley, that the Iraqi army will combat has been curbed because of the lack of resources and appropriate leadership and corruption Maliki and Taivih and the corruption of the military and the security office. This came during a session Listen to the Armed Services Committee in the US Senate, on Tuesday evening…
http://www.dinarupdates.com/showthread.php?15772-The-Dinar-Daily-Wednesday-July-22-2015&p=124118&viewfull=1#post124118
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Kaperoni – the recent articles about the 50k, 100k notes are not lower denominations, nor are they talking about raising the value of the dinar at this time. The plan, at this time is “status quo” meaning there is no intent to delete the zeros at this time and the issuance of a 50k and possible 100k are to make the dinar more desirable amongst Iraqi’s. The hope is not only to get citizens to use the dinar, but to make it easier to carry in public (at the current exchange rate). Adviser Saleh also states the issuance of these notes will help reduce the physical note count. As for when they will begin to delete of zeros, Magda Tamimi said the deletion of zeros and printing new currency is not convenient at the present time and such a project needs more security stability and should wait until the circumstances improve.
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Deputy calls for providing Al-Maliki to international criminal due to the fall of Mosul
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Adam Montana – We’re finally through the tedious…slow…agonizing days (which felt like months or years!) of Ramadan. I’m actually eager to see what comes out of the next meetings of Parliament, IMF, GOI, CBI, and a few others. Some of us have been around long enough that we give the current situation a “wise eye” and some of you are hesitant to get excited… I get that. I’m in the same boat. I am a bit hesitant to get excited when it comes to Iraq, just like many of you. BUT… BUT! Something feels different right now. We’re only a few days outside of Ramadan, so I’m not surprised to see that there’s a lack of major news, much less an RV. That doesn’t mean I am not confident that the IQD will gain value. In fact, I am VERY confident that the IQD will gain value! My overall feeling on the Iraqi Dinar right now is positive, so …we wait for Ramadan to wrap up and let the Iraqi people get back to work.
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Poppy3 – GOT A CALL YESTERDAY TELLING ME THAT ABADI REALLY IS TRYING TO MAKE ALL HAPPEN BUT IS BEING HARASSED AND NOT MAKING THE PROGRESS HE WOULD LIKE. OUR QUESTION IS CAN THEY PULL TOGETHER TO GET THE BUDGET, TARIFFS, PAYING THE PEOPLE AND THE KURDS ALL THEY OWE BY AUG 1ST. IT CAN BE DONE…
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$45 billion are missing from public coffers from when Nouri al-Maliki was in charge.
ERBIL, Kurdistan Region – Fifteen former Iraqi ministers are among nearly 1,800 officials indicted for corruption this year, Iraq’s Commission of Integrity has said. Commission chief Hassan al-Yassiri told reporters on Friday that arrest warrants had been issued for the accused and that the international police (INTERPOL) had been notified. Yassiri said that 15 former ministers, 122 senior officials and 1,668 civil servants had been indicted for stealing public funds, embezzlement, bribery, corruption and other charges. The Al-Araby al-Jadeed news website quoted Yassiri as saying that the number was “for this year alone.” He said he hoped that Iraqi authorities would act on the warrants to arrest the accused, and that INTERPOL had been notified of the names. Yassiri said that 889 billion Iraqi dinars (more than $768 million) had been confirmed missing from the national treasury, and that larger amounts were still to be investigated. Iraqi Prime Minister Haidar al-Abadi said after taking office in August last year that $45 billion was missing from the 2014 budget, when his predecessor Nouri al-Maliki had been in charge.
http://www.dinarupdates.com/showthread.php?15772-The-Dinar-Daily-Wednesday-July-22-2015&p=124031&viewfull=1#post124031
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tman23 – What they have said in the papers before pulling the 50 note...The lower denoms are a prelude to lifting the 3 zeros from the currency… This was the exact wording… AND definition of prelude…..1. an action or event serving as an introduction to something more important… So more important then the new currency notes will be a “rate”… and I threw a dart at the board and it landed on 3.44…lol And the dart did not float towards the board.
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My Ladies – LOOK TO IRAN AND IRAQ WILL HAVE TO MOVE. IRAQ CAN NOT REMAIN IN ISOLATION AND…THE CLIMATE IS RIGHT FOR DELETE THE ZEROS FROM THE VALUE…GOOD TO SEE IN PRINT. THERE IS NOTHING ELSE NEEDED FROM IRAQ AT THIS TIME, WE DO NOT CARE ABOUT LOANS OR LAWS OR ANY OF IT…LET’S KEEP EYES ON IRAQ NOW…WE CAN BE EXCITED AND WE CAN GET READY TO EXHALE. THINGS JUST GOT VERY REAL …SO LET’S JUST BREATHE AND LET IT COME TO US. [post 2 of 2]
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Mafias” work with “politicians” and “judges” to control the banks: millions of dollars in profits
Special-scales News – Said the parliamentary finance committee member Massoud Rostam, Tuesday, that “mafias” and is working in coordination with the “politicians” and “influential judges” in the government for control of the banks across the country.
…He said a member of the parliamentary finance committee, of the “profits of these mafias up to millions of dollars a day, especially after the rise in the dollar price,” calling on the government to cut the road to these mafias, and work to re-organize and arrange the work of the Central Bank and strengthen internal and external expertise. ”…
Read More: http://www.dinarupdates.com/blog/
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My Ladies – IRAQ HAS CONCERNS ABOUT IRAN ADVANCING AND THE EFFECTS IT WILL HAVE ON THEIR BANKING SYSTEM, AND THEN TODAY THEY POST THE PROPOSITION TO DROP THE ZEROS AGAIN…TIMING PEOPLE…PERFECT TIMING! I DON’T CARE ABOUT LOANS OR TARIFF’S OR ANYTHING LIKE THAT. TARIFFS HAVE BEEN IN PLACE SINCE THE DAWN OF TIME AND WE KNOW IT, WE WATCHED AN INTERVIEW FOR 26 MIN WITH ZEBARI AND HE TOLD US THAT THEY WILL IMPLEMENT ALL THE BORDER CROSSING TARIFFS AS THEY BECOME SAFE AND EXPECTED TO BE DONE WITH ALL. [post 1 of 2….stay tuned]
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Parliamentary Finance supports the issuance of new categories of cash to facilitate the process of carrying currency
Tomorrow Press / Baghdad supported the Parliamentary Finance Committee member Magda Tamimi, Tuesday, issuing a new monetary categories to facilitate the process of currency carry among the citizens, stressing that the environment is ripe for the replacement of currency or delete the value of the zeros of them. She said Tamimi for “tomorrow Press,” that “her statement Former about the existence of financial corruption in print categories of the process (50 100 A) has been understood or moved incorrectly, “asserting” it supports the issuance of these categories to facilitate the process of currency carry among the citizens. ” She added that “subject to delete the value of the zeros and replace the currency in This time, the environment is ripe for it, “noting that” this process needs a stable security environment as well as providing sophisticated technology, and Komrat and devices to destroy the old currency and control devices are good. ”
http://www.dinarupdates.com/showthread.php?15769-The-Dinar-Daily-Tuesday-July-21-2015&p=123977&viewfull=1#post123977
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BGG – [IF THE TARIFFS GO AS PLANNED WOULD THEIR BE SOME KIND OF AN ADJUSTMENT TO THE RATE AND GO INTERNATIONAL, AREN’T TARIFFS MEAN INTERNATIONAL?] tariffs don’t automatically mean international… they could implement the tariffs – leave their currency and let the people fend for themselves – it would be stupid – but they could try it… in spite of their own advisers…lack of value + tariffs = hard times for the people.
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Cabinet: We are working on the application of two lines to support the economy
Qurtas News / Baghdad – Said the Council of Ministers, on Tuesday, he was working on the application of two lines aim to support the Iraqi economy and venerate.
He said the economic advisor to the Council of Ministers Abdul Hussein Al-Anbuge for “Qurtas News” that “the current situation of Iraq calls for him to create a supportive economic environment In this sense directed the government to expand its revenue and support their products in accordance with the two lines will be applied soon.”
He said Anbuge that “the first line that the government is working on finding local industries comparable to imported industries in order to reduce imports, while the second line aims to find possible goods that are exported to overseas and get hard currency dinar that will support and strengthen the local economy and the market…
Read More: http://www.dinarupdates.com/showthread.php?15769-The-Dinar-Daily-Tuesday-July-21-2015&p=123847&viewfull=1#post123847
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My Ladies – EVERYTHING IS FALLING IN PLACE…THE NEWS TODAY IS REMARKABLE, WE CAN SEE THE WHOLE NEW BANKING SYSTEM GETTING CLEARER AND CLEARER. ALL THE MIDDLE EAST WILL MOVE IN THE SHORT TERM JUST WATCH THE PROGRESS IT IS AMAZING. NOW WE CAN LOOK TO IRAQ A LITTLE CLOSER BECAUSE THEY WILL BE THE FIRST TO MOVE I THINK RIGHT BEHIND IRAN. THE CONNECTION OF IRAQ AND IRAN IS A POWERFUL ONE IN THE MONETARY SENSE, THEY HAVE SAID THIS THEIR SELVES. THERE ARE MANY PROJECTS ON THEIR BORDERS… THEY ARE TELLING US THEY NEED TO KEEP UP WITH IRAN OR BE LOST.
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tlm724 – Article quote: “Naim Khudair, director general of the Anti-Money Laundering Office at the Central Bank of Iraq, said the government had pledged to pass new legislation for anti-money laundering and terrorism financing by October 2015“ thats right from the CBI, by October! Article quote: “The new law will facilitate the entry of big companies into Iraq and increase their confidence in the country’s economic environment…” Central Bank Governor Ali Al Allaq said the new law would help reassure foreign investors.
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“Straight Talk Radio” Call!!
Dinar Talk w/BGG – from 7/21
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BGG – [What chance do we have in seeing tariffs on August 1st?] worst case – the not-so-good side, they tread water for a little while, personally – I don’t see how that works, but there may be that slim possibility…they will either add value (buying power) to their currency (which has obviously been the plan – on some level) and fully implement the tariff protocols… or they will delay…their own economists have PLAINLY warned them about tariffs with no value – it would be hard on the average citizen.
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My Ladies – THERE IS NO DOUBT IN MY MIND AT LEAST THAT THE DINAR WILL TRADE GLOBALLY. IN WHAT TIME IS THE ONLY QUESTION.
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Millionday News Time w/BGG filling in 7-20-15
Thanks to DinarRecaps.com for posting Millionday News Time
BGG: Welcome to Millionday’s News Time – I’ll be filling in 🙂
BGG: MOD.Romello: we’re going straight to LIVE Q & A tonite…
BGG: Regarding your Texas Bank/gold ?? – as I recall – the early reports were that Texas did not – nor did they ask for ALL their gold back (from the Feds)…
BGG: I am unsure of the actual status of such… and I doubt anyone has the full story on that yet… but it would appear Texas is concerned about something and intends to build some type of shield.
BGG: keep in mind… in the context of economics and currency… gold is the “mattress” against volatility.
BGG: whenever there is “a bumpy ride” on the horizon – the primary entity adds gold…
BGG: it’s a buffer against ugly…
BGG: keeping it simple…
MOD.Romello: OIC
BGG: so it would appear Texas is making preparations.
BGG: again – as I understood the early reports – for whatever reason, they did not get their full holdings back from the FEDS…
BGG: OK – let’s have some Dinar Questions – shall we??
~~~
Read More: http://www.dinarupdates.com/showthread.php?15767-News-Time-BGG&p=123835#post123835
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BGG – …there are NUMEROUS – REGULAR – DETAILED articles, reports and comments by very powerful figures in Iraq about Monetary policy and Monetary Reform – ALMOST EVERY DAY…either something is happening – or the Iraqi people are going to be one very unhappy bunch! What? How much? When? What will it look like? What about the exchange mechanism? Who knows? BUT – something is PLAINLY UP…
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Iraq Live Update @IraqLiveUpdate 3 hours ago
41 Daesh terrorists arrested in Baghdad by Falcons Intel Unit, stash of explosives/IEDs seized intended for #Eid
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Kaperoni – [but you said— I would guess at least 2-4 years before the CBI would be in compliance for the blessing from the IMF to move to VIII] the faster the investment comes into Iraq, and capital flows through the CBI’s Capital Account, the more agressively the CBI would have to manage the rate. [Where is all the influx of foreign currency coming from?] Iraq has signed well over 200 (maybe even higher) investment contracts with other countries for investment in many areas including agriculture, manufacturing, tourism, etc. It will come when the situation is appropriate…And the capital will flow like no other has ever seen before once it starts. And we should all hope for that because that “is” what will raise the value of the dinar. [post 2 of 2]
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My Ladies – [Is it possible that Iran and Iraq have found a way to conduct trade with one another that circumvents Iraq’s imposed program rate?] IRAN AND IRAQ HAVE BEEN TRADING FOR YEARS ALREADY. BUT I THINK IRAQ HAS TO REACT FOR MANY REASONS. SHARING A BORDER AS LONG AS THEY DO WITH IRAQ AND BEING OPEN FOR INVESTORS WITH LITTLE HEADACHES I THINK MANY OIL COMPANIES ESPECIALLY THOSE THAT HAVE NOT RECEIVED PAYMENT SINCE 2012-2013 WILL FIND IT EASIER TO SET UP SHOP IN IRAN. AND THE PORTS THEY ARE GOING TO BE SHARING IS ANOTHER REASON. I THINK WE ARE ABOUT TO SEE STABILITY IN IRAQ PDG AND I THINK IRAN EMERGING WILL BE THE PUSH THE ENTIRE MIDDLE EAST NEEDS TO COME TO THE MARKET.
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Kaperoni – [Are we still floating?] Well, I can assure you the CBI will not randomly assign a new rate…And the rate will be based on the activation of the market economy and growth of that economy. Can it go up fast? Sure it can…And some experts in and out of Iraq expect it to do so because it is..in their words..”grossly undervalued”. [when inflation hits how do you see them dealing with that issue at 1166 or pennies on the iqd?] the monetary tool for controlling inflation is raising the value of the currency. That is why the dinar is being held at 1166. I really cannot tell you how fast it would rise. It is really a direct result of the investment in Iraq. [post 1 of 2….stay tuned]
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tman23 – Its all about government providing services……… Abadi claims Maliki is undermining his efforts along with Maliki followers……….. Barzani told Abadi…….The Kurds are a partner in the GOI……..If he cannot handle the issue then turn it over to someone who can !!! ……… The ball was/is in Abadi’s court
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Kaperoni – I can get as excited as anyone, but with this event heavily dependent on the passing of laws the create the investment environment (which is directly related to the rate of the dinar), i have less faith that parliament will get the job done. They do very little. It is truly sad…over 150 laws have been read twice. When you read from various clerics, or officials that Iraq should not take a loan, its not because of the debt, its because they don’t want the terms (stand by agreements) that come with them. Stand by Agreements are the only real way to make Iraq get the steps done the world is waiting on. So in reality, we want Iraq to take these loans from the IMF and World Bank.
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tman23 – Baghdad needed to do only ONE THING……..Pay the Kurd region their dues !! So their was a lack of liquidity and the KRG understood the GOI was bankrupt (lack of liquidity is a nicer word) but esentially when you can’t pay your bills or liquidate your assets to pay your bills you end up in a (bankruptcy protection plan) and a trustee handles your affairs….. But the fact is for a few mere hundred million dollars more, the GOI could have avoided the Kurd issue or at the very least, delayed it for a few more months…
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Set www.DinarUpdates.com/observer as your homepage – and keep with on the most current Dinar News EVERYDAY!!
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Mnt Goat – Iaq still has plans to fully implement their tariff law come August 1st. We can see the billions of annual lost revenue from not having these tariffs in place as they planned to do years ago. They keep postponing this implementation. Why? It’s because they need a realistic rate and just a rate of the Iraqi dinar on the global currency exchanges in order for these tariffs to work. We can also see this past week they need more security in this area to protect the trade routes and harbors. Iraq has a liquidity problem? Iraq is in a financial crisis? Iraq has devaluing with regards to the dollar? Could this all be caused by not having a realistic currency rate and being traded globally? So what is the holdup? So when will this all end and they finally get Article 8 of the sanctions lifted thus having back their currency? Can you see it is more than time to do this. This next couple weeks should be very exciting! I believe we might be heading for a window of opportunity for an RV in these coming weeks.
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BGG Late Nite Chat 7-18-15 Part 1 of 2
Thanks to DinarRecaps.com for posting Late Nite Chat w/BGG!!
subgirl: BGG can you explain that part to us? Just a little confused??? Millionday: IRAQI MARKET IS NOW OPEN TO WORLD MARKETS
subgirl: how can Iraqi be opened to world market and not have a rate????
subgirl: that is confusing to us?? ({)
BGG: gimme a min…
subgirl: ok thanks
BGG: “THE WARNING GIVEN TODAY WAS TO HURRY TO ACTIVATE POLICIES SO THE DINAR DOES NOT LOSE ITS VALUE —”
~~~
Read More: http://www.dinarupdates.com/showthread.php?15760-DinarUpdates-com-Late-Nite-Chat-w-BGG-7-19-15
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BGG – …they are talking about currency reform…literally EVERY DAY… it is breath taking…this tells you – pretty much what they think.
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Live Q & A w/BGG – from 7/19
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Kaperoni – …they on the right track now. I am hopeful that within a few years we will see a 1 to $1 rate. These articles can be exciting when they talk about change…but Iraq does nothing fast. I would guess at least 2-4 years before the CBI would be in compliance for the blessing from the IMF to move to VIII. Keep in mind, Article VIII really means nothing to us and as Dr. Bakri insinuated…currency reform will come before Article VIII. That is why I have always said, those who tell you your going to walk into a bank and exchange are FOS because if the reform happens before Article VIII, it is unlikely conventional means of exchange will work since most financial institutions don’t deal in dinar under Article XIV. we just need to wait and see and find some legit businesses once the dinar begins to rise since I am certain most banks will avoid it especially if they are still in Article XIV. One thing for sure, lots of positive talk about the dinar, the banking system of late. It can only bring attention to it at the CBI.
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Jubouri sets on Saturday the date for the parliamentary session
Roudao – Erbil – Select the Iraqi Parliament Speaker Salim al-Jubouri, next Saturday as the date for the next parliamentary session.
Statement of the Office Jubouri said he identified “next Saturday, corresponding to 07/25/2015 as the date for the next parliamentary session.”
He added that al-Jubouri called on council members to “attend the hearing as scheduled, and follow-up materials on the agenda.”
The Council held its fourth legislative term of the first parliamentary session of the third second legislative year, on the fifth of July of this, to disable its meetings shall thereafter because of the Eid al-Fitr.
http://www.dinarupdates.com/showthread.php?15761-The-Dinar-Daily-Sunday-July-19-2015&p=123608&viewfull=1#post123608
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Kaperoni – … there is a reason the the dinar is being held low and pegged right now…Iraq has no market economy and to create one, creates alot of pressure on the financial system…especially one that has the potential as Iraq does…once the laws are passed and stability sets in, the pressure caused by the influx of investment and investors will be huge…keeping the dinar weak now, gives the CBI lots of room to grow to counter the pressure. Well, many experts do think the dinar is undervalued, some say “grossly”. But like so many economists have said, the exchange rate is directly related to the productivity of a country…So we have to wait for that productivity and the dinar will rise! Lots of upside.
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Millionday News Time Chat 7-18-15
Thanks to DinarRecaps.com for posting News Time with Millionday!!
Millionday: Information/special/. Warned Economist Salim Al-uqaili, Saturday, from growing the value of foreign currency in Iraq at the expense of local currency, adding that fiscal and monetary policy still chaotic.
He said Al-uqaili/information/agency, that “the Iraqi market is now open to world markets directly without restriction and this will lead to the entry of foreign currency to the country, which would make the Iraqi currency in reducing and worsened”, pointing out that “all Iraqi traders prefer the dollar or the euro and Sterling on the currency.”
Millionday: NOTE — READ THAT TWICE
Millionday: IRAQI MARKET IS NOW OPEN TO WORLD MARKETS
~~~
Read More: http://www.dinarupdates.com/showthread.php?15759-Millionday-News-7-18-15
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wmawhite – When Iraq started this journey…the journey of rebuilding their country from the ground up…it has never been about us. Instead, it has always been about Iraq and the people of Iraq. We are fortunate to be invested in a company that we call the country of Iraq. And as the PM Abadi told the world, Iraq will join them upon the world’s economic stage very soon.
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Economist warns of the growing value of foreign currency at the expense of the Iraqi currency
Information / special / .. warned economist Salem Ugaili, Saturday, of the growing value of foreign currencies in Iraq on a local currency account, pointing out that fiscal and monetary policy still chaotic…
http://www.dinarupdates.com/showthread.php?15756-The-Dinar-Daily-Saturday-July-18-2015&p=123534&viewfull=1#post123534
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tman23 – ask yourself…At the time the Abadi government took over they were well aware of a lack of funds in the GOI treasury… If we suspected the treasury was broke, you can bet the house they (the new GOI knew it). It is not as if the new GOI was imported from Japan, the whole “reseating” was a game of musical chairs…same players who knew the financial state of Iraq…. So why did Jabouri question Ismail over lifting the 3 zeros in November….And then the 2015 Budget set with oil being $56 per barrel…WE knew the numbers did not add up and posed a 40% deficit. If we knew it, they sure as he** knew it too! That said; the Kurds had to know darn well that 17% of the budget was impossible for Baghdad to meet…WE KNEW IT! So then late January Abadi promises raises to the citizens, back pay with raises retro -active back to January 2014…Abadi asked citizens to be patient until June… Just what was Abadi expecting? Where was this wild $$$ coming from?
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BGG & Mr White Early AM Chat 7-18-15
Thanks to DinarRecaps.com for posting Early Chat with BGG!!
Dovi says to wmawhite: hi nice seeing what you are thinking of late
clay says to BGG: GM
allinxpress says: People have been saying we’re almost there for 6 years now…
allinxpress says: hey clay! here we are in mid july LOL
BGG says to allinxpress: “people” – time to recalibrate 😀
wmawhite says to allinxpress: It is obvious that if people are not listening to the CBI then they are not listening to the correct people……..IMO
Read More: http://www.dinarupdates.com/showthread.php?15757-DinarUpdates-com-Early-AM-Chat-w-BGG-and-Mr-White-7-18-15
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wmawhite – …just as in any country,..the currency count must be controlled in order to maintain the value and integrity of it. And as they have indicated, the value MUST change. therefore, the control of the currency must be in place. [ just still seems like CBI is worried about closing the gap of the market rate and the actual rate then increasing the value of the Dinar.] those are two different issues – One is a in country issue that is temporary. The other is an international issue which will be the international exchange rate.
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Nuclear deal has companies eyeing Iranian opportunities anew
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tlm724 – Article: “O.d.abdalhasin Anbuge *: Iraqi dinar exchange rate…” Quote: “The exchange rate of the basic economic variables that change per day continuously in response to the forces of currency supply and demand.” This is a good article in so far as laying out the current status of the Iraqi economy…It basically states that Iraq has a ways to go according to the author in so far as setting the stage for conditions that will support the dinar and any value that we hope to see. Their currency can and will reflect the true wealth of Iraq. We cannot expect overnight success with so much on their plate at once. They will show us the true value of the dinar WHEN it reflects the supply and demand. In order to have demand their must be an economic plan that will create the demand. Iraq has asked for help and they are receiving it. The World Bank is there, right now! The US Treasury is there, right now! The United Nations is there right now! All with a common goal in mind. To help Iraq SUCCEED! When they succeed we succeed!
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wmawhite – If you signed a contract with Iraq today do you really care what the exchange rate is? I wouldn’t. All I care about is that Iraq pays my contract on the first of the month every month for whatever the contract is worth in USD…I would not care what the value of the IQD is or was. However… however…however… Iraq cares what the value of their currency is IF they start paying foreign remittances in IQD…now they would care.
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tlm724 – Article: “The United Nations stands ready to play a mediating role between Baghdad and Erbil!” having the UN intervene is a good thing! I don’t believe this can resolved without this intervention! That said, having the World Bank involved in the economic reform and the UN involved in the oil agreement is a needed *slap* for Iraq because they obviously can’t do it on their own!
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Millionday News Time Chat 7-17-15 Part 2 of 2
Thanks to DinarRecaps.com for posting News Time with Millionday!!
Millionday: JAR — THE IRANIAN BANK THAT WAS SHUT DOWN IN IRAQ — WAS REPORTABLE DONE SO DUE TO THE NAME BEING LISTED ON TERRORISM FUNDING SOME WHERE —INTERNATIONAL COMPLIANCE WAS THE REASON GIVEN
tubbyone: Have you ever talked about the IMF equation for the dinar valuation and that it has to be done before certain things can happen for Iraq on the world stage?
Millionday: I BROUGHT THE INK IN ANNOUNCING THE ORDER GIVEN TO DO THE INTERNATIONAL EQUATION IN IRAQ
Millionday: GUESSING ABOUT A MONTH AGO
tubbyone: Do you know if it’s a set formula?
Millionday: ACCORDING TO MY RESEARCH IT IS ACCORDING TO THE COUNTRY AS TO WHAT FORMULA IS USED AND THEIR POSITION BUT DONT KNOW THE FORMULA THEY WILL USE IN THIS COUNTRY
BGG: I am not certain.
BGG: but I would add – virtually EVERYTIME they discuss monetary policy they bring up money laundering/fraud as an issue…
BGG: virtually EVERY SINGLE TIME.
BGG: so I would assume there is more to this Iranian bank getting the Kbosh than they were letting on…
BGG: in fact, they very pointed went out of their way to say it had nothing to do with the upcoming agreement.
BGG: being a fair assumption Iraq is shutting some kind of “back door” off prior to whatever “is next”…
BGG: very pointedly…
puffdragon BGG: Bank has Maliki ties ?
BGG: more likely Iranian ties…. I made the case for Iran using Iraq as a “proxy buffer” all along…
Read More: http://www.dinarupdates.com/showthread.php?15741-Millionday-News-7-14-15
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tlm724 – Article: “Parliamentary Energy: There forthcoming meeting of the Ministers of oil and finance to the governments in Baghdad and Erbil” Commission on oil and energy parliamentary confirmed that there is forthcoming meeting between the ministers of oil and finance to the governments in Baghdad and Erbil to discuss the repercussions of the oil dispute and to address the obstacles that finally got. *hallelujah* lets do this thing once and for all!
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Millionday News Time Chat 7-17-15 Part 1 of 2
Thanks to DinarRecaps.com for posting News Time with Millionday!!
Millionday: WELCOME TO NEWSTIME EVERYONE
Millionday: THE NEWS HAS BEEN GREAT AND TO THINK WE ARE IN THE HOLIDAYS THROUGH THIS, SO OBVIOUSLY THE AMOUNT IS NEWS IN ITSELF
Millionday: THE GREAT SUMMARY OF INFO THAT WAS DONE BY BGG CAN NOT BE PASSED UP AS IT CONTAINS MANY PAST CURRENCY REPORTS AND PLANNING FOR IRAQ`S PLANS
Millionday: FIRST I AM BRINGING THE COMMENTS ON THE OIL AGREEMENT FROM TODAY THEN LETS LOOK AT SOME GREAT INFO
Millionday: Detection and Advisor to the Minister of Finance, Fadel prophet, for a new proposal to resolve the oil dispute between Baghdad and Erbil.
A prophet in a press statement, “There are some new proposals between the KRG and the federal government, because we hope that does not lead oil relationship between Arbil and Baghdad to the final drop.”
Millionday: NOTE — THEY ARE NOT WILLING TO PUT UP WALLS BETWEEN THEM AND HAVE THE UN THERE AMONG OTHERS (CAN SEE IN ROUND TABLE) SO, THEY ARE WORKING TO OBTAIN NEW AGREEMENT NOW —–UN HAPPY WITH MEETING
Millionday: He explained, “There are a proposal to sell the province oil independently, and to participate in the sovereign budget for Iraq”, he said. “On the other hand calls for Baghdad, the Kurdistan Regional Government to pay part of the Kirkuk budget because the latter sells maintain oil as well.” The federal government and the Kurdistan Regional Government may have concluded in 17 of the December 2014 oil agreement to export the region 250 000 barrels of production with 300 thousand barrels of the province of Kirkuk fields in exchange for pay Baghdad Kurdistan’s share of the federal budget by 17%.
Millionday: NOTE — THIS IS FINANCIALS…
Read More: http://www.dinarupdates.com/showthread.php?15741-Millionday-News-7-14-15
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tman23 – As a condition of extending airstrikes beyond Iraqi Kurdistan, the United States helped orchestrate the removal of former President Nuri al Maliki, in favor of the more inclusive-minded Haider al-Abadi. Iran, however, has consistently undermined Abadi, often times working through Maliki to undermine Abadi’s US-backed efforts to address Sunni grievances. Iran is also deeply involved with a number of Shia militias, including the Badr Brigade under the command Hadi al-Ameri.
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The Iraqi government supports the dinar exchange rate against the dollar
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tman23 – Abadi faces two challenges: First, Iran’s funding of Shia militias has undercut his leverage with men like Ameri, thereby limiting his control over the Shia militias. This policy detracts from his popularity at the expense of Ameri, who is portrayed as a war hero in Shia media. Second, regional Sunni states have sought to counterbalance Iran’s influence, working through Sunni proxies to prevent the passage of another key US-backed proposal: a national guard law. This Abadi and US-backed proposal would create a legal structure to oversee the Shia militias, while also putting in place a mechanism to create Sunni militias operating under central government control
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Millionday Round Table Chat 7-17-15
Thanks to DinarRecaps.com for posting News Time with Millionday!!
Millionday: WELCOME EVERYONE TO ROUND TABLE
Millionday: I WOULD LIKE TO START BY UPDATING ON A FEW THINGS
Millionday: THE EFFORTS IN ANBAR ARE REPORTABLY GOING WELL — THERE ARE MANY IRAQIS THERE AND TRAPPED IN THE AREA SO A UNITED EFFORT IS TAKING PLACE
Millionday: THE IRANIAN DEAL IS NOT COMPLETE DUE TO THE DICUSSIONS AND THAT DEAL IS REPORTED TO BE AT THE UN TO MOVE FORWARD — WE ARE WATCHING THIS DUE TO THEIR INFLUENCE IN THE AREA
Millionday: NOTE — THIS REPORT SHOWS A DECISION THAT WAS TAKEN BY IRAQ DURING THE PROCESS
Millionday: A source in the Iraqi Central Bank, on Friday, for a decision by the central bank to stop dealing with Bank Melli Iran branch in Iraq, and denied that the decision is linked to Iran’s nuclear agreement with the majority of the six countries, stressed that the decision came after the receipt of the bank’s name in the list of prohibitions International.
The source said in an interview with the (long-Presse), “The bank’s board directed its departments, including the banking and credit Directorate and Auction currency not to deal with Bank Melli Iran after his name was mentioned in the list of the international embargo.”
Millionday: NOTE — THIS IS HUGE WITH IRAN`S INFLUENCE IN THE AREA AND OBVIOUSLY SHOWS
Millionday: OOPS
Millionday: THE LACK OF CONFIDENCE IN CHANGE FROM IRAN ECONOMICALLY BUT CHANGE HAS NOT OCCURRED YET SO WE SHALL SEE WHAT HAPPENS —
Millionday: He denied the source, who asked not to be named, said: “the decision of Iran’s relationship agreement with the majority agreement of the six countries on the nuclear issue, although he came in sync with him,” stressing that “the Iraqi Central Bank Foundation is committed to international laws and issued them.”
Read More: http://www.dinarupdates.com/showthread.php?15753-Millionday-Roundtable-7-17-15
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BGG – This is / has been / will be… an investment. NOT A GUARANTEED TICKET, not a bail-out, not a “show-me-where-to-push” so I can get rich button. It is, by many economists reporting – a grossly under-valued currency on the verge of “repositioning”. A currency – an investment…
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Follow us on twitter @DinarUpdates !!
Expert: Iran nuclear deal will raise the pressure on the dollar in Iraq http://www.dinarupdates.com/showthread.php?15752-The-Dinar-Daily-Friday-July-17-2015&p=123428&viewfull=1#post123428 …
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O.d.abdalhasin Anbuge *: Iraqi dinar exchange rate … hole swallows foreign exchange reserves
The exchange rate of the basic economic variables that change per day continuously in response to the forces of currency supply and demand. And the importance of the effect of the exchange rate in economic performance varies from country to country according to the country’s circumstances and the type of economy and the stage through which the ladder of development and the nature of the economic structure of the country…
…there is no benefit of the Iraqi economy to uphold at the official current exchange rate set by the Central Bank (US $ 1 = 1166 Dinar ) We must move to a higher level reduces the negative effects of hyperbole price of the dinar exchange and creates positive effects support the performance of the Iraqi economy and maintain its foreign exchange reserves…
Read More: http://www.dinarupdates.com/blog/
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Stryker – Abdalhasin Anbuge…Counselor for Economic Affairs-prime minister QUOTE “there is no benefit of the Iraqi economy to uphold at the official current exchange rate set by the Central Bank (US $ 1 = 1166 Dinar) We must move to a higher level reduces the negative effects of hyperbole price of the dinar exchange and creates positive effects“. Dr. Abdul Basit Turki…Former Governor Central Bank of Iraq. QUOTE “the fiscal and monetary authorities in Iraq now that is seriously considering (and bravely) adjust the exchange rate of the Iraqi dinar and including in line with the real price for the operation of the economy and the productive sectors“. Mohammed Saleh…Former Deputy Governor CBI and Adviser to PM Abadi. QUOTE “need to unify the exchange rate between the central bank and the price that deals with people in the market, and make it pricier one actually commensurate with the oil and economic conditions austerity sale and the defense of this price volatility price.” three of top economic advisers support moving the exchange rate higher to conform with today’s circumstances…all three man believe it is time to increase the exchange rate of the Iraqi dinar.
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Kurdistan supports the orientation of the Federal Government on the Oil Agreement
BAGHDAD / Center Brief for the Iraqi Media Network (IMN) – the Kurdistan Alliance bloc said it supports the direction the federal government and the Kurdistan Regional Government to find a new formula serve the parties with respect to the oil agreement…
http://www.dinarupdates.com/showthread.php?15752-The-Dinar-Daily-Friday-July-17-2015&p=123298&viewfull=1#post123298
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tlm724 – Article: “Border crossings director for} {Euphrates News: We seek to trade diversion of Trebil to Arar” Quote: “The Directorate proposed trade diversion from Atrebel border port between Iraq and Jordan to Arar border port and be Hama port for Saudi Arabia through the approval of the General Secretariat of the Council of Ministers.” they are finally figuring this out, change the border crossing as we saw them do the other day in order to gain control…then open them back up once they have control of the area, they’ll have to do this quickly if they expect tariffs to be implemented in August.
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The central bank stopped dealing with Iranian bank after attended by internationally
Long-Presse / Baghdad – A source in the Iraqi Central Bank, on Friday, for a decision by the central bank to stop dealing with Bank Melli Iran branch in Iraq, and denied that the decision is linked to Iran’s nuclear agreement with the majority of the six countries, stressed that the decision came after the receipt of the bank’s name in the list of prohibitions International.
The source said in an interview with the (long-Presse), “The bank’s board directed its departments, including the banking and credit Directorate and Auction currency not to deal with Bank Melli Iran after his name was mentioned in the list of the international embargo.”
He denied the source, who asked not to be named, said: “the decision of Iran’s relationship agreement with the majority agreement of the six countries on the nuclear issue, although he came in sync with him,” stressing that “the Iraqi Central Bank Foundation is committed to international laws and issued them.”…
http://www.dinarupdates.com/showthread.php?15752-The-Dinar-Daily-Friday-July-17-2015&p=123402&viewfull=1#post123402
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wmawhite – [I heard that when they close their borders is a positive sign.] I have never understood what the closing of the boarders would have to do with the IQD changing in value “outside” of Iraq…it never made any sense to me. [I heard it was from when they revalued their currency years ago…they prevented people from coming in to country to exchange… there was just a few days to do it in.] This is why I don’t get that reasoning…inside Iraq the 1 IQD will equal 1 IQD…regardless what the exchange rate will be out of Iraq. If you took your IQD today and went to Iraq you would receive 1 IQD for every 1 IQD you have…and even after the IQD changes in value…you will receive 1 IQD for every 1 IQD you have…and yes…it will have more value outside of Iraq…and that is important OUTSIDE of Iraq...
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Nuclear deal: Saudis signal they’ll act before Iran gets the money
The prospect of a big payday for its regional rival, Iran, is spurring Saudi Arabia to a quicker plan of action on Yemen and Syria, officials and analysts say.
Christian Science Monitor By Taylor Luck
The nuclear deal that will lift tough sanctions on Iran is mobilizing Saudi Arabia to turn the tide against its regional rival in Yemen and Syria before it makes an economic recovery, military officials and analysts say.
According to the sources, the military component of the Saudi offensive will include the use of special forces on the ground in Yemen, and a potentially widened use of Saudi and allied Sunni air power in Syria.
The Saudis have signaled their intent to employ ground forces in Yemen previously, but have not done so. But the potential military initiatives, coupled with signs that the Saudis are cultivating better diplomatic ties with Russia and China, would be a strong indication of how the Iran nuclear deal could impact the regional order in the Middle East…
http://www.dinarupdates.com/showthread.php?15752-The-Dinar-Daily-Friday-July-17-2015&p=123421&viewfull=1#post123421
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tman23 – Sulaimaniya, which is home to Talibani and known as the ‘Paris” of Iraq has had “lack of IQD” for over 18 months……and you could not collect anywhere on a Qi Card…… Recall the Russian air transporter that had a manifest for cigarettes that was headed to Sulaim international airport… redirected to Baghdad and full of Russian military arms…….Now there is a fight inside Kurdistan……some politicians in Sulaimanyia are calling for independence from Kurdistan, and recall Abadi saying that this is where politicians asked Baghdad in 2014 to stop sending Kurd budget (to split parties)……..Now we also have Baghdad Ministry of Immigration telling Arabs to move to Kirkut and collect their money…..an attempt by Baghdad for “Arabization” of Kirkuk”……. Barzani’s presidential term is up Aug 19th…….. Baghdad and Tehran are trying their best to divide the Kurds……While Baghdad GOI has its own internal war taking place…
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Follow us on twitter @DinarUpdates !!
Dinar Updates retweeted
Iraq Live Update @IraqLiveUpdate 4 hours ago
#AyatollahSistani representative: In #Eid, We pray for Army, Police, Volunteers, Peshmerga & Tribesmen fighting Daesh
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BGG – The IMF, WB and others are ready willing and able to help… but it is becoming increasingly clear all the “good intentions” they can muster won’t be enough. Abadi (and others) must come to the table with real reforms. The good news. It appears – they are working diligently on such reforms. Both internally and with external help (the Iran deal). the next few days and whether or not Maliki actually resigns will be a very exciting time – in relation to this investment (directly)… I have been plain in my opinions – Maliki (former PM) has held some sway over monetary policy (from behind the scenes) – it is an easy case to make. His usefulness to Iran and the world, for that matter wanes. Once his is out of the way, I expect things to fall (or be put) into place quickly. Reportedly – this may be afoot as we speak…
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UN Security Council approves Iran agreement “Monday
It scheduled to be approved by the UN Security Council next Monday on Aluwa agreement signed between Iran and the six nations in Vienna last week.
Diplomats at the United Nations that “the UN Security Council will vote on Monday morning in New York on a draft resolution which endorses the nuclear agreement that was reached in Vienna Tuesday between Iran and major powers.” …
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Frank26 – [Turki last week…now this economic counselor to Abadi this week. Only thing missing is the date! “there is no benefit of the Iraqi economy to uphold at the official current exchange rate set by the Central Bank (US $ 1 = 1166 Dinar ) We must move to a higher level reduces the negative effects of hyperbole price of the dinar exchange and creates positive effects“] He is a COUNSELOR…Not a puny ADVISOR. OHHHHHHHHH SOOOOOOOOOOOO SCRUMPTIOUS!!!
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Keywords: abolition of additives on the budget law strengthens the independence of the central bank and can diversify monetary tools
Long-Press / Baghdad – Counting the Iraqi Central Bank, on Monday, that the acceptance of the Federal Court appeal lodged by the budget law, promotes independence and allows it to diversify its monetary policy and flexible orientation tools, noting that sales of the dollar aims to provide the Ministry of Finance dinar you need to finance the budget, and to achieve stability of exchange rates General and prices, and to ensure that citizens and the economy, investment and banditry on the “greedy and malicious.”The governor of the Iraqi Central Bank and the Agency, on the Keywords, in a statement received (long-Presse) a copy of it, that “the Federal Supreme Court’s decision to accept the appeal submitted by the Central Bank in the materials, which included limitations and orders to the bank, came accordance with the Constitution and the law of the Central Bank”, He returned to “The court’s decision involves a great importance because of its impact in strengthening the independence of the central bank and support, and its dimensions to influence policies and decisions.”…
http://www.dinarupdates.com/showthread.php?15752-The-Dinar-Daily-Friday-July-17-2015&p=123300&viewfull=1#post123300
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Adam Montana – [Do you have an opinion you would like to express whether or not the Iran nuke deal is good, bad or indifferent to an RV and why?] I don’t know all the specifics on it, so I can’t speak with any authority… but if history is any indicator, it’s not good and I don’t like it. What does it have to do with an RV? I’m sure it will have some kind of impact at some point in the future, but probably not until after an RV is already done, which means it won’t be a major factor in the actual event.
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Check out the Dinar Corp 120+Max – it’s EQUITY!!
Commercial Solicitation
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BGG – Iran isn’t associated as a trade partner with Iraq. They have been using Iraq as a proxy “valve” to mitigate sanctions. FACT. …now that they don’t need to choke Iraq off – they won’t. [No longer need Maliki.] he should cut a deal now – they are close. Wait til he gets a load of Iran throwing him to the wolves too.. I think the next few says [days?] are going to be very interesting
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“Cell crisis, decided to start issuing treasury remittances and the launch of a national bonds to the public”
Decided cell crisis, Wednesday, start by issuing treasury remittances and the launch of a national bonds to the public and government guarantees and benefits of appropriate, authorized as oil minister Adel Abdul Mahdi, the follow-up the oil agreement between Baghdad and Erbil in the coming days.
The prime minister’s office said Haider al-Abadi in a statement received Alsumaria News a copy of it, that the recent “presided, today, a meeting of the crisis cell has been studied in which the economic and financial situation in light of the challenges faced by the country.” …
http://www.dinarupdates.com/showthread.php?15748-The-Dinar-Daily-Thursday-July-16-2015&p=123159&viewfull=1#post123159
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Kaperoni – Article: “O.d.abdalhasin Anbuge *: Iraqi dinar exchange rate … hole swallows foreign exchange reserves” Anbuge is calling for the CBI to start reforms which he clearly refers to floating the dinar.
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Nouri al-Maliki’s poisonous legacy in building a sectarian state is still at work in his denigration of the faith of millions of Iraqis
Nouri al-Maliki’s poisonous legacy in building a sectarian state is still at work in his denigration of the faith of millions of Iraqis
In a weird spectacle that reflects the oddities witnessed by post-occupation Iraq, former Iraqi prime minister and current Vice President Nouri al-Maliki recently took to the podium lecturing about early Islamic history, about the companions of the Prophet Muhammad and about the Koran.
Throughout the years of his opposition to the Baath regime, al-Maliki was known to be a man of operations, dubious or otherwise. He was known during the heavy years of his rule to have personally supervised processes of embezzlement and corruption never experienced by Iraq in its entire history. He was known for building a parallel state apparatus loyal to him personally and an army of former militiamen. Above all, he was known to pursue sectarian and hegemonic policies.
His rule ended with gross failure that manifested itself in the collapse of his army in the face of a few hundred fighters belonging to ISIS. The latter ended up controlling at least one third of Iraq. However, no one knew al-Maliki, whether during his years in opposition or during his years in government, to be an expert in Islamic history capable of discussing Islam’s major events in a scholarly fashion. Yet, this is exactly what happened when al-Maliki gave himself the right to condemn the vast majority of the Prophet’s companions and to call into question the authenticity of the Koran…
http://www.dinarupdates.com/showthread.php?15752-The-Dinar-Daily-Friday-July-17-2015&p=123392&viewfull=1#post123392
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Aggiedad77 – Article: “A proposal for the establishment of micro-finance fund” 100 billion dinars…yep you heard that right…100 billion dinars to fund what they are calling “micro-enterprises”…small business loans…sounds like they are wanting to get serious about jump starting their private business entities…this is good for their economy…good for the Iraqi business owners…good for start up ventures…good for the MR…what else can I say about it…good for us too…oh Happy Days…here we go…
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Adam Montana – [Hows the situation with ISIS there right now? Can they still RV despite the many hectic situations over there?] ISIS will be an issue until they are eradicated, which will never happen completely. Regardless… ISIS is not enough of an issue to stop Iraq from manipulating their currency.
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Dinar Updates Early AM Chat w/BGG 7-16-15 Part 2 of 2
Welcome to dinarupdates.com for Early AM Chat with BGG!!
BGG – the next few days and whether or not Maliki actually resigns will be a very exciting time – in relation to this investment (directly)…
wilson6060 – Appreciate everything you bring to us…TYVM
BGG – I believe he has been an “agent” (wittingly or unwittingly) for Iran for some time now…
BGG – his last act before being ousted from power was to appoint one of his most closely trusted allies (and a financial neophyte) to the “proxy Gov of the CBI”…
BGG – this was an effort to maintain some relevance in the power vacuum to follow his ouster.
BGG – bad news for him – is it will get fixed one way or the other. His usefulness (to Iran) wanes… I said yesterday, he should cut a deal while he can.
BGG – Especially with the genocide he encouraged just to “reset” the electoral map… he’s politically toxic… not even Iran wants that association (long run)…
BGG – back to the Iran Nuke Deal…
Read More: http://www.dinarupdates.com/blog/
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Poppy3 – [Millionday: NOTE — HUGE PROGRESS IN THE WAR AGAINST TERRORISM AND THE OPERATIONS THAT HAVE BEEN GOING ON AGAINST THEM FOR THE LAST FOUR DAYS TO FREE CITIES IN IRAQ.] I REPORTED 4 DAYS AGO FROM OUR MILITARY THAT ISIS AND DASSH IN ANBAR AND MOSUL WHERE RETREATING AND HIDING AS IRAQ TROOPS TRAINED AND BEING DIRECTED BY OUR MILITARY LEADERS WHERE DRIVING THE NEW ATTACKS AGAINST THEM. …WE READ IN MILLIONDAY NEWS THAT IS EXACTLY WHAT HAS BEEN AND IS HAPPENING. GREAT CONFIRMATION.
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Millionday – LETS LOOK AT HOW IRAN DEAL IMPACTS ON IRAQ… IRAN NEEDS TO ACTIVATE BANKS IN IRAQ… AS I HAVE BEEN SAYING — EVERYTHING WORKS TOGETHER — THIS APPLIES ALSO TO THE BIG PICTURE FOR GLOBAL TRADE AND THE IMPACTING POLICIES… THIS AGREEMENT IS HUGE. [if Iraqs close ties to Iran was holding the rv back do you feel this may speed it up or no connection?] THEY CERTAINLY HAVE A CONNECTION — NO DOUBT AT ALL — HUGE AGREEMENTS — HISTORY — OIL — THE BANKING ROLES WITH IRANIAN BANKS IN THE REGION — THIS IMPACTS THE BANKING REFORM AND THE MUCH NEEDED INTERNATIONAL BANKING ACTIVATION THEY ARE ANNOUNCING ETC.
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Dinar Updates Early AM Chat w/BGG 7-16-15 Part 1 of 2
Welcome to dinarupdates.com for Early AM Chat with BGG!!
BGG – How is everyone this AM??
BGG – I’m working on some material for an “Early Morning Chat”…
designbyg – oh cool
eman4u55 – nice
BGG – and then a scheduled “Special News Time” on Chat this evening (in the 7:30pm CST hour) …
BGG – Short – mid term investment prospects are incredible, there are some very unique opportunities about to open up…
Cricket22 – Awesome!
BGG – I am very excited to bring some common sense thoughts to light. No ramble.
designbyg – ya…..its incredible now…..wait till they go live….!!!
eman4u55 – ready to hear it
jd says – What was so important about Tmans 15th deadline??
BGG – Nothing – really, he was just pointing out his thoughts.
BGG – we should be thankful someone shared a reasonable “speculation” – which is the nature of “speculative investment”…
BGG – no one ever said this is a “guaranteed investment” or “push here to get rich button”…
BGG – which are both huge misconceptions common to this community…
Read More: http://www.dinarupdates.com/blog/
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Aggiedad77 – Article: “Parliamentary oil: the coming weeks will witness a new agreement between the center and the region” The Oil and Gas Committee within Parliament is saying that within weeks we might expect to see a new agreement between Baghdad and Erbil...we’ve heard hints of a new agreement…rumors of such…probably the biggest bit of news about this would be allowing the Kurds to sell their own oil...what a major shift that would be…a major win for the Kurds but a setback for Baghdad it would seem…OR… could this be hints at some eye-opening resolution to the HCL…would that not put a feather in a few caps.
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Delta – [The 2 lower denoms…are you feeling good that we’ll see them in the month of July?] We believe sooner than many are thinking. We all know that the CBI is going to be putting up 1 Trillion to the banks in Iraq … loans for the citizens. The CBI will not give 1 Trillion dinar…they will first increase the value. Very high possibility that we’ll see something come out about the lower denoms.
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Millionday News Time Chat 7-15-15 Part 1 of 2
Thanks to DinarRecaps.com for posting News Time with Millionday!!
Millionday: OK — IF YOU DID NOT KNOW — THERE WAS A HUGE PRESS CONFERENCE BY OBAMA ON THE AGREEMENT WITH IRAN FOR THE LONG OVERDUE NUCLEAR AGREEMENT TO RESOLVE SANCTIONS FOR IRAN AND PLACE EVERYTHING IN PLACE
Millionday: THE REASON THAT MATTERS IS MANY BUT
Millionday: THE REASON THIS MAKES A HUGE DIFFERENCE IN THINGS IS HUGE — AND
Millionday: ALSO MASSIVE IN DIVERSITY
Millionday: ONE IS
Millionday: THE URANIUM MINES
Millionday: THE BANKING
Millionday: THE OIL
Millionday: THE INTERNATIONAL BANKING
Millionday: THE TRADE AGREEMENTS
Millionday: THE MANY BLENDED FRIENDS AND FAMILIES
Millionday: THE UNFROZEN FUNDS
Millionday: MY POINT IN TELLING YOU THAT IS THAT IT IS IMPORTANT TO KEEP THAT IN MIND AS YOU READ THE NEWS
Millionday: In order to get the economy moving in the country and support for small projects to provide many jobs and attracting manpower, economic central bank adviser called for the establishment of a fund in one of the state banks with a capital of 100 billion dinars, aimed at lending to micro-enterprises (Microfinance) through private financial institutions. Counselor for Economic Affairs in the Prime Minister d. Abdul Hussein Al-Anbuge
Millionday: pointed out that the aim of establishing this fund is required at least for projects funding of 20 million dinars, and even the world that are not targeted by banks at the central bank initiative border (1) trillion dinars to finance small and medium enterprises (SMEs), and the possibility of agitated by Fund management in the Bank to be considered the “owner”.
Millionday: NOTE — THIS IS THE BANKING LOANS THAT WILL BE USED TO WORK WITH THE DEVELOPMENT OF THE PRIVATE SECTOR AND BOT THAT WE HAVE BEEN READING ABOUT — THE ACCOUNTS FOR THE TRANSFER OF FUNDS
Read More: http://www.dinarupdates.com/showthread.php?15747-Millionday-newstime-7-15-15
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BGG – HERE IS THE ONE AND ONLY FACT ABOUT THE IRAQI DINAR WE HOLD…AT THE PRESENT TIME IT IS THE REAL CURRENCY, CURRENTLY USED, BY A COUNTRY AND NO ONE, NOT EVEN FORMER PM MALIKI, CAN ARGUE THAT FACT. THERE HAS BEEN NO MENTION OF REPLACING THE OLD CURRENCY, AND MAKING IT VOID…
Wait – where did you hear that again STU??
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Enorrste – ..the removal of the three zeros is separate from the initiation of the float. We all know that the removal of the large notes cannot take place in the near term because the value of the dinar is too low. Only after the initiation of the float and a rise in the value will the removal of the large notes come into play.
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Oil-parliamentary member reveals the existence of a new oil agreement between Baghdad and the region
BAGHDAD / Baghdadi News / .. announced the Commission on oil and energy parliamentary member Kaveh Mohammad, on Wednesday that the coming weeks will witness a new oil agreement between the center and the region. Kaveh said in a press statement seen / Baghdadi News / him that “the controversy between the center and the region occurred on the export of oil, was because of the financial benefits to the province of salaries and debt, in light of the region that exposure to significant financial pressures.” “The dispute has not reached an impasse, but there were signs of the return of the agreements between the parties,” pointing out that “the next few weeks will see a new agreement.” “The solution will be expected to reformulate the recent oil agreement between Baghdad and Arbil, and the study of the points of disagreement.”
BGG Notes:
Very curious – I expect this will happen… It virtually has to. However, the very next question is – if Baghdad couldn’t pay the Kurds during the last “agreement cycle”… It begs the question where they are getting the money for this “new agreement”?? These are the facts.
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Adam Montana – …it is ALMOST the end of Ramadan…I’m excited to see this train start chugging along again! Although we’ve had a bit of a lull, Iraq has proven to me in this year alone that they are “in it to win it”, and I have a feeling that the lull was intentional. They most likely knew that any significant progress on the HCL immediately before Ramadan would only put a strain on them that they could not handle during Ramadan. Ramadan is what it is. And what it is, is almost over! Now we find ourselves in a little SNAFU over the timing of it. Ramadan officially ends on the evening (our morning) of Friday July 17. The official workweek for Iraq is Sunday to Thursday… so Ramadan is ending on the start of the weekend. With that in mind, I don’t expect anything on Friday or Saturday, but I am very anxious to see what starts rolling out on Sunday. So on that note, I’ll simply say…GOOOOO HCL and GO RV!
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My Ladies & Nova – “…the nuclear-related economic and financial restrictions imposed by the United States and the EU targeting the Iranian banking, financial, oil, gas, petrochemical, trade, insurance and transport sectors will be annulled…the UN Security Council…will adopt a resolution in seven to 10 days making the JCPOA an official document.” AGAIN AND AGAIN WE MAKE CONNECTIONS WITH IRAQ AND IRAN AND MORE AND MORE I’M THINKING THIS IS THE STABILITY IRAQ HAS BEEN SPEAKING OF, ESPECIALLY AFTER LEARNING THEY HAVE BEEN PUSHING FOR THIS DEAL FOR YEARS. I THINK WE COULD STILL BE IN THE JULY WINDOW! YA THINK? IRAQ IS ALREADY FREE OF THE UN. IRAN IS ABOUT TO BE! WE DONT KNOW WHAT CURRENCY NEEDS TO GO FIRST OR IF THEY NEED TO GO AT THE SAME TIME. SO THINGS CAN START CHANGING AT ANY MOMENT FOR IRAQ.
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Millionday Round Table Chat 7-15-15
Thanks to DinarRecaps.com for posting News Time with Millionday!!
Millionday: NOTE — THERE WAS A REPORT THAT JONES ATTENDED THE MEETING WITH THE KURDS THAT WE LOOKED AT LAST NIGHT — THEY REPORTABLY DISCUSSED THE AGREEMENTS WITH KURDS AND IRAQI FEDERAL
Millionday: NOTE — TODAY WE SEE THIS SCRAMBLE
Millionday: Commission on oil and energy parliamentary confirmed that there is forthcoming meeting between the ministers of oil and finance to the governments in Baghdad and Erbil to discuss the repercussions of the oil dispute and to address the obstacles that finally got.
Committee member Ali Faisal al-Fayad, during an interview in the “pillar” program that displays on the screen “direction,” he is not adopted any item for salaries of “territory”, but the Peshmerga salaries, noting that al-Abadi announced the release of all the salaries and benefits of the month of October last,
Millionday: NOTE — REMEMBER WE ALSO SAW THAT THE INFORMATION (DATA) IS BEING CHANGED OVER TO PUBLIC VIEW AND INTERNATIONAL INVESTORS ETC — SO DURING THIS THERE COULD BE SOME PROBELMS THAT ARISE —
Millionday: Added: Oil Ministry by some dues to oil companies, and that the rejection of the Kurdish today to the agreement which provides for the Kurdistan for 17% of the budget to achieve actual imports of oil export which was approved in the law was voted on, and here grew up controversy once again after the failure of the Kurdistan repay what Bzmtha, and that the imbalance by the Kurds for being Tnsaloa for that agreement, calling for the Oil Ministry to clarify all the points of public opinion.
Millionday: The Council of Ministers decided to approve the oil agreement between the federal government and Kurdistan.
According to the prime minister’s media office that “the Council of Ministers decided to approve the agreement between the federal and the Kurdistan government, which was attended by Haider al-Abadi and Nechirvan Barzani, which stipulates that the Iraqi oil belongs to all Iraqis and the Kurdistan deliver at least 550 000 barrels of oil a day to the federal government for the purpose of export “across the company” Sumo “.
Millionday: SO OBVIOUSLY WHAT THE ISSUE IS HAS BEEN LOST IN TRANSLATIONS — HOWEVER THERE IS SOME TYPE OF ISSUE BETWEEN THEM — OF COURSE WE HOPE THEY ARE DEMANDING THE TRANSFER OF AGREED FUNDING — OR THAT KURDISTAN COULD NOT MAKE THESE PAYMENTS DUE TO LACK OF TRANSFERED FUNDS —
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Millionday: LETS LOOK AT HOW IRAN DEAL IMPACTS ON IRAQ…
Read More: http://www.dinarupdates.com/showthread.php?15745-Millionday-Roundtable-7-15-15
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My Ladies – I THINK THE NEWS TODAY IS UNBELIEVABLE…AND NOW WE CAN SEE IRAQ AND IRAN ALL TIED UP TOGETHER. IRAQ AND IRAN WILL MOVE TOGETHER FROM THIS DAY GOING FORWARD! AND THEY ARE EXCITED TO DO IT! SECURITY AND STABILITY!!! THE SECURITY AND STABILITY THAT THIS DEAL IS GOING TO PROVIDE FOR THE ENTIRE MIDDLE EAST!! I BET YOU THIS RIGHT HERE IS THE SECURITY IRAQ HAS BEEN WAITING ON!!
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Delta – The credit rating of Iraq has NOT been announced yet. Probably nothing will happen this week…but as soon as everyone comes back from holiday (EID)…that’s what we’re watching. We’re also watching the loans given to Iraq from the World Bank. The bonds are probably going to be issued by the end of this month…we’re just waiting for the credit rating. They have to be Article 8 compliant…currency internationally traded…remember the list of nations that are issuing bonds… Iraq is on that list. A lot of good news is coming out of Iraq.
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Iraqi Dinar/Dollar auction 07-15-15
Currency Auctions Announcement No. (2997)
This daily currency auction was held in the Central Bank of Iraq on the 07-15-2015
The results were as follows:
| DETAILS | NOTES |
| Number of banks | 29 |
| Number of remittance companies | 8 |
| Auction price selling dinar / US$ | 1166 |
| Auction price buying dinar / US$ | —– |
| Amount sold at auction price (US$) | 364,691,686 |
| Amount purchased at Auction price (US$) | —– |
| Total offers for buying (US$) | 364,691,686 |
| Total offers for selling (US$) | —– |
More: http://dinarupdates.com/blog/
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Delta – As far as security…in the next 24-48 hours…you’ll hear some very good news…Iraqi army is defeating ISIS / DAASH…which may happen before EID. We are expecting something big to happen in July based on CBI articles. 50/50 chance…maybe the CBI will pull the trigger. They might do it…they might not. But either way we are very close….they are telling the citizens that they are going to get paid. Everyone knows that they have a target date. They will give them power of purchase. They are doing this for the people inside of Iraq. They are telling them that the IQD is about to be 1 to 1 with the US Dollar. …the taxes/tariffs must go together. This can’t work without it! Mathematically it doesn’t work if they don’t increase the value.
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Millionday News Time Chat 7-14-15 Part 2 of 2
Thanks to DinarRecaps.com for posting News Time with Millionday!!
Millionday: REMEMBER THAT BENEFITS ARE LOADED ONTO THE SMART CARDS ACCORDING TO REPORTS WE HAVE READ AND — LOGIC
Millionday: Rashid reported to the Labour and Social Affairs in the House of Representatives that the labor law agreed and will be voted on in the coming sessions after the Eid al-Fitr, an advocate with trades and professions to subscribe to the law of social security in order to ensure their rights pensions.
Millionday: NOTE — LABOR LAW TO VOTE — AFTER EID —- AND CHECK SOCIAL SECURITY FOR ITS READINESS
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Read More: http://www.dinarupdates.com/showthread.php?15741-Millionday-News-7-14-15
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BGG – [News sure looks good.] last couple of days really looks good. I am encouraged by the broad base of foreward movement right now.
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Millionday News Time Chat 7-14-15 Part 1 of 2
Thanks to DinarRecaps.com for posting News Time with Millionday!!
Millionday: Head of the Iraqi private banks association said that the current stage requires concerted efforts to promote the economic and financial reality of the country and mitigate the impact of crises and shocks that beset the developing economies, including Iraq.
Millionday: NOTE — THE CURRENT STAGE REQUIRES THE PROMOTION OF IRAQ`S ECONOMICAL REALITY
Millionday: NOTE –THE ADVANCEMENT OF BANKING AND DEVELOPMENT IS EXPECTED TO BE LARGE WITH THE NEW DIRECTION OF CBI AND ITS DEVELOPMENT CONTRIBUTION
Millionday: He said Handal told the “morning” on the sidelines of the General Assembly meetings of the Bank of Assyria International said signs of several carried out by the Central on the road to support and assign banks and direct specialized banking activities, what would make them exercise their competencies to the fullest.
Millionday: NOTE — ROLLS ASSIGNED
Millionday: He added that the central decision to launch an amount trillion dinars to lend to the private sector through private banks is the first after the experience touch the need for a supportive role for development. He described the relationship between the Central Association as the best way to restore confidence in banks by the public on the one hand and raise its reputation among international banks as reflected in the development of the banking performance on the one hand Thanih.wachar to other supportive measures concerning the lagging banks and research the possibility of assistance and advancement again to her husband in the process of work banking after the reform would.
Millionday: NOTE — THE ANNOUNCEMENT OF BANKING LOANS FOR DEVELOPMENT OF SMALL TO MEDIUM ETC FOR THE PRIVATE SECTOR IS THE MOST IMPORTANT TO MOVE FORWARD TO RESTORE CONFIDENCE IN BANKING FOR IRAQ — VERY SUPPORTIVE IN ITS DEVELOPMENT…
Read More: http://www.dinarupdates.com/showthread.php?15741-Millionday-News-7-14-15
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Mnt Goat – Are we going to see an RV this week? I can say we are heading for an excellent window for an RV soon…since there is now evidence that is telling us the USA and the UN are happy with the progress in Iraq. Folks there is nothing more for Iraq to do as far as the banking laws or other international issues to setup for this RV trigger. It is now just a matter of dealing with the ISIS and DAASH situation and the roots of anyone who instigated it and can influence the politics of Iraq in the future that may cause a repetition of these security breaches in the future. I can assure you, until there is the needed physical security and political stability in Iraq there will be no currency revaluation.
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Enorrste – There is an external viewpoint and there is an internal viewpoint. Within our own country we do not see any changes in the dollar on the short term, in spite of the fact that its value is moving up and down all the time internationally. The same is true in Iraq. I also agree that the value of the dinar is reflective of the “state of the economy” in Iraq. However, the economy in Iraq includes the reserves held by the CBI which, relative to its money supply, is the largest in the world. Therefore, while the “economy” itself is not flourishing, yet, the “state of the economy” as a whole is on solid ground. It is for this reason primarily that the dinar will rise in value rather than fall if allowed to do so. Turki and others (especially Saleh) have stated this as well. I believe Allaq has also stated this several times.
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Iraqi efforts to join the International Criminal Court
It revealed to the Parliamentary Commission on Human Rights, on Monday, seeking to join the International Criminal Court to convict and documenting the massacres in Iraq Daash internationally. The MP Shirin Reza Committee in a statement received / scales News / copy of it, that “the Commission will call on the international community to bring Iraq to the International Criminal Court in the Netherlands through its participation in the international conference of the United Nations, will be held soon in Peru. Reza added that “For the international community to Daash gangs crimes is like closer to their terrorist against innocent citizens in Iraq and conviction internationally. And committed “to organize Daash terrorist since his control over large parts of Iraq and Syria in June of last year, heinous crimes not seen in recent history, been out beheadings and solid mass executions and other acts of persecution against civilians” .
http://www.dinarupdates.com/showthread.php?15740-The-Dinar-Daily-Tuesday-July-14-2015&p=122931&viewfull=1#post122931
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BGG – Article quote: “Abadi’s office confirms that Iran’s nuclear agreement will reflect positively on the stability of Iraq” Well there you have it…I guess Iran’s deal does have something to do with Iraq.
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Enorrste – Therefore, I conclude that Turki is simply stating what we all know: that the CBI is planning to raise the value of the dinar and that it is taking an act of bravery to do so, given the current financial crisis...Article quote: “we know that it will be at the expense of all of our dreams strongly Iraqi dinar, which was worth US $ 3.33 and 2.4 pounds, and became in 1979…” Turki goes further, by referring to the “goal” of $3.33 per dinar that existed in 1979. In other words, he is referencing the “plan” that has existed since 2007 to return the dinar to its original value of $3.33 per dinar. [post 2 of 2]
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Enorrste – Article quote: “The fiscal and monetary authorities in Iraq now that is seriously considering (and bravely) adjust the exchange rate of the Iraqi dinar and including in line with the real price for the operation of the economy and the productive sectors, we know that it will be at the expense of all of our dreams strongly Iraqi dinar.” We have seen ample evidence over the last months that the CBI has been making preparations that will lead to a strengthening of the Iraqi economy and the raising of the value of the dinar. On the other hand, we have NEVER heard from anyone that there might be a plan to lower the official value of the dinar. [post 1 of 2….stay tuned]
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Frank26 – …the HCL is in the 2015 budget – waiting for the completion. ¾ of the HCL has been used since 2007…because it makes Iraq money. This has allowed Iraq to limp along month-after-month…The HOT part of the HCL is the 4th part. Yes…the GOI and OIL Companies know how much they are getting from Iraq from the HCL…and soon the citizens will see their part too.
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CURRENCY CODE SELL BUY
US dollar USD 1166.000 1164.000
| CURRENCY | CODE | SELL | BUY |
| US dollar | USD | 1166.000 | 1164.000 |
| Euro | EUR | 1304.171 | 1303.519 |
| British pound | GBP | 1809.982 | 1809.077 |
| Canadian dollar | CAD | 917.027 | 916.569 |
| Swiss franc | CHF | 1245.726 | 1245.104 |
| Swedish krona | SEK | 137.951 | 137.882 |
| Norwegian krone | NOK | 146.528 | 146.455 |
| Danish krone | DKK | 174.758 | 174.670 |
| Japanese yen | JPY | 9.586 | 9.582 |
| Special Drawing Rights |
SDR | 1637.845 | 1637.026 |
http://www.cbi.iq/
Indicative rates – 07.14.2015
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Kaperoni – Article quote: “Mustafa sees that many economists are beginning to call for setting a new rate of the dinar less than the current, Mustafa also demanding to float the exchange rate…” I highly doubt the CBI will reduce the value of the dinar. If we saw a mass dumping of dinar when the market rate dropped last month, how do you think Iraqi’s would respond to an “official” devaluation? IMO it would be a nightmare. As for a float, though that is what we expect, the conditions are not right now for that to occur. Again, I think we are in a situation where the CBI is hamstrung and trying to buy time for the laws to be passed, and the security and stability to set in. Once that occurs, investors and capital will begin to come in and the CBI can start to look at monetary changes. Until that happens, we wait.
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Poppy3 – [its looking very good.] VERY, VERY GOOD FOR THE NEXT MONTH. THEY MAY NOT GET IT DONE BUT EVERYTHING SURE SOUNDS LIKE THEY ARE IN THE PANIC MODE TO MAKE IT HAPPEN.
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Iraqi Dinar/Dollar auction 07-14-15
Currency Auctions Announcement No. (2996)
This daily currency auction was held in the Central Bank of Iraq on the 07-14-2015
The results were as follows:
| DETAILS | NOTES |
| Number of banks | 17 |
| Number of remittance companies | 3 |
| Auction price selling dinar / US$ | 1166 |
| Auction price buying dinar / US$ | —– |
| Amount sold at auction price (US$) | 248,160,085 |
| Amount purchased at Auction price (US$) | —– |
| Total offers for buying (US$) | 248,160,085 |
| Total offers for selling (US$) | —– |
More: https://dinarupdates.com/observer/
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Frank26 – …I told you that the Iraqi citizen’s are becoming weary – just like you and I. In the last 2 weeks they are now being told more about Maliki…The GOI put out campaign to inform the citizens that Maliki will be dealt with. The treason report that was given to the citizens of Iraq (about 9 months ago) – says that Maliki will go to trial. What does that have to do with the MR? Everything! In our opinion when you see the #1 HCL … #2 Maliki contained … #3 will be the RI / RV. We believe these 3 events will come together at the same time.
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BGG – clearly THE NEWS of the day: Maliki submitted his resignation after the holiday…and the first reshuffle of the government ousted by al-Abadi “Hoshyar Zebari”. …IMHO – that is the main thing I am looking for…amazing how many other items are about to tumble into place. If he goes things are in OVERDRIVE!!
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Kaperoni – Article quote: “Maliki submitted his resignation after the holiday .. and the first reshuffle of the government ousted by al-Abadi “Hoshyar Zebar…” I’m not buying it. No other sources printed articles today and this source often in the past has had bogus articles. I wish it was true, but I need more.
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BGG – Article quote: “al-Hakim discussed during a meeting Ambassador Noureddine net representative of the president of CMI civil society, national reconciliation efforts in Iraq.” Hakim talking directly about the National Reconciliation is a good step… it shows his political leanings… He’s Shia – but he’s Iraqi first…this is a good sign for the long term stability of Iraq… Both Hakim and Sadr being on board with THE IRAQ is good.
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Dinar Updates retweeted Haider Al-Abadi
BGG ~ Breaking News… also curious how this advance started the very day the F16’s landed on the ground in Iraq…
Haider Al-Abadi @HaiderAlAbadi
Major operations launched in Anbar this morning with security forces and popular volunteers making strong advances
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Arthur – Thankfully all those people mentioned that have supposedly understood everything while the country has been going to hell in a hand basket are the very ones in serious negotiations right now to finally get a vitally needed and long awaited Hydrocarbon Law in Iraq. …the HCL is part and parcel of the budget itself and is connected at the hip with a simultaneous or shortly thereafter IQD reality rate at which time the “liquidity” problem will suddenly and inexplicably disappear… and the good news is the timing for this as of now appears to be sooner rather than later given the latest and soon to be public progress made in both public and secret negotiations going on right now. The proof will be in how fast everything is about to start falling in place as they get closer and closer to and HCL agreement leading up to and culminating in the revaluation of the Iraqi dinar. [post 2 of 2]
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Millionday News Time Chat 7-13-15 Part 2 of 2
Thanks to DinarRecaps.com for posting News Time with Millionday!!
Millionday: SO AS WE READ HERE — THE TRADE SHOWS –TRAINING — AND EVERYTHING THEY ARE PUTTING IN PLACE IS TO BE ALL AN INVESTMENT ATTRACTION — SO VERY IMPORTANT HOW IT IS LAID OUT WITHIN THE PLAN TO WORK — OBVIOUSLY
Millionday: SO MANY WHEELS ALL ROLLING AT ONCE
bigrudy: Did Al-Maliki resign?
Millionday: HE IS REPORTED TO BE RESIGNING AFTER EID BUT NOT AS OF TODAY
quicktolegit96: who announced the loan is activated or did I miss this?
Millionday: IT IS IN RT — IN A REPORT FROM TODAY — I WILL NEED TO REPULL IT…
Read More: http://www.dinarupdates.com/showthread.php?15738-Millionday-News-7-13-15
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Arthur – Liquidity could be created overnight by the IMF and WB (PTB) in a heartbeat, but nobody is willing to do that to a country in political turmoil with no law governing how that money will be fairly distributed as to maintain a strong dinar for years to come. If you had 18 kids (provinces) that didn’t get along, would you just give the oldest one (Baghdad) all the money and trust that the money would be evenly distributed to the others and his creditors? And not to mention this kid you are throwing all this money at has just recently been let off of a decade long punishment for attacking his neighbors and attempting genocide on his own brothers. [post 1 of 2….stay tuned]
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tman23 – Going out on a limb……. Chalabi is going to become Minister of Finance…..he has been an advocate of removing the 3 zeros……… And Chalabi is a member of the Bilderberg Club……A graduate of MIT in mathematics…….an ex-banker who was convicted in Jordan….. He has the all credentials for Finance Minister…… More important…….if Zebari leaves the position it shows that the Kurds are being limited their role in the GOI and there are PLANS behind the scenes……because no one is “squaking” like we would expect!!
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Aggiedad77 – Article: “US Consul for Mrbd: Iraq is an encouraging environment to enter the giants” Drum roll please…cue in the giant companies now…especially into Basra where security seems to be well under control…Iraq is pushing for many large companies and corporations to move in and start work within the country…what is holding them back in some areas is the DAASH threat…security…but it continues to improve…Iraq certainly needs the help and these companies…as with any big business…are always on the prowl for the ways in which profits can be improved.
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Dinar Updates retweeted
Iraq Daily News @IraqDaily 2h2 hours ago
Iraq begins operation to oust ISIS from Anbar http://mbcurl.me/138SR #MiddleEast
BGG Notes: BREAKING NEWS!!
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tman23 – Zebari never was a good fit for Minister of Finance…….it never made any sense other than to appease the Kurd region in transparency to the true finances of Baghdad……. But Zebari is also the Deputy Prime Minister……..and his relations over the years and assuming Jaafari’s role would make perfect sense…….. But as I stated, at this point it is chaos to all those trying to get a peek inside…….. They know……we dont !!
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wmawhite – The USD was inserted into Iraq immediately during the war so that Iraq could function and do business…it is time for them to pull the trigger and it is coming. [Is the IQD destin to be part of the SDR basket?] Yes…they have told the world that several times.
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Millionday News Time Chat 7-13-15 Part 1 of 2
Thanks to DinarRecaps.com for posting News Time with Millionday!!
Millionday: NOTE — REMEMBER WE HAVE SEEN THE CALL FOR ACTIVATION OF INDUSTRY AND MANUFACTURING IN IRAQ —
Millionday: Fatlawi hinted member of the administrative board of the Association of economists Iraqis the possibility of mitigating the effects of the economic crisis caused by the oil market fluctuations by focusing on the private sector and the expansion of its production and activity so that it is ready for the advancement of economic reality and to compensate for the shortfall in price declines.
Millionday: NOTE — WITH THE LOW PRICE OF OIL — THE PRIVATE SECTOR NEEDS TO BE PROMOTED AS WE HAVE SEEN —DIVERSITY BRINGS REVENUES FROM OTHER PLACES OBVIOUSLY
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Read More: http://www.dinarupdates.com/showthread.php?15738-Millionday-News-7-13-15
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Millionday – Article quote: “According to a member of the Commission on oil and energy parliamentary deputy for the National Alliance Ibrahim Bahr al-Ulum, Saturday, that the differences on oil and gas law, “simple”, noting that it can be solved easily and included in the work of the House of Representatives agenda.” THE HCL ISSUES ARE A SIMPLE RESOLVE. HE IS SAYING THAT THE LAW IS READY OR HAS SMALL DIFFERENCES AND SHOULD GO TO PARLIAMENT…GREAT NEWS…
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Hub – in 1982 i was trying to sell some equipment in mexico. the rate was 2700 to 1 and nothing could be transferred into the country, a couple of years later it went to 11 to 1…no big deal, the economy caught up with the world monetary system, the Canadian dollar changes on a daily basis, heck for that matter, the US dollar changes value 2 or 3 times a day…kuwait was in ruins and the currency bounced back in a couple of weeks, iraq was a very stable valuable currency in the 50’s-60’s- 70’s over $2.55 pre Hussein. it will return…but to pay bills in this world you have to have money people will take, as we sit, the dinar is still exotic and not internationally accepted, so the dinar must do what ever the magic is to become tradable, iraq is at a turning point to pay contractors, military, hcl payments and so on and so.
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Is al-Maliki was involved in shady deals contract?
It seems that the immunity enjoyed by Iraqi Vice President Nuri al-Maliki current; did not prevent the parliamentary committees to open an investigation of arms deals concluded by the previous government, and pledged to refer the investigation file to the judiciary, in the event of proven and there is evidence of corruption…
BGG Notes: Of course he is!!
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wmawhite – […why do they continue to delay in solving their own liquidity problem?] how is it a delay…a delay implies that there was a date and time for them to have done something. …they (whoever they are) will do it whenever they are ready…at anytime when the time is right for THEM…not for us!
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Iraqi Dinar/Dollar auction 07-13-15
Currency Auctions Announcement No. (2995)
This daily currency auction was held in the Central Bank of Iraq on the 07-13-2015
The results were as follows:
| DETAILS | NOTES |
| Number of banks | 25 |
| Number of remittance companies | 4 |
| Auction price selling dinar / US$ | 1166 |
| Auction price buying dinar / US$ | —– |
| Amount sold at auction price (US$) | 287,174,650 |
| Amount purchased at Auction price (US$) | —– |
| Total offers for buying (US$) | 287,174,650 |
| Total offers for selling (US$) | —– |
More: https://dinarupdates.com/observer/
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tman23 – Erbil: Iraq’s Kurdistan Regional Government (KRG) announced on Sunday, Tuesday the 14th of July as a public holiday in all its departments, and identified 17th till 22 of the same month as an official holiday on the occasion of Islamic Eid al-Fitr (Feast of Breaking the Fast). A statement of the Presidency of KRG received by Shafaq News, quoted the government spokesman, Safeen Dazie as saying that his government decided to declare Tuesday 14 of July, 2015 as an official holiday in all government institutions. The government’s statement declared 17 to 22 of this month as an official holiday, on the occasion of Eid al-Fitr, which is expected to coincide on Friday, July 17, noting that the official working hours will resume starting on 22 July of current month.
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Kaperoni – Article: “Parliamentary Finance: the issuance of a new currency will revive the Iraqi economy” This article to me is a sales job on a process that many don’t think will work…which is to postpone the delete zeros project, and in the meantime issue larger 50k, 100k notes to help strengthen the dinar in the market place. I am like many, and don’t know if that plan will work or not…but clearly they seem to be getting ready to try it.
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Poppy3 – …I LIKE THE NEWS AND THE TIMING BEING TALKED ABOUT. I WARN EVERYONE TO STAY HOPEFUL AND POSITIVE BUT SEVERAL OF THE THINGS STATED THEY ARE DOING DEPEND ON THE TIMING OF OTHER PARTS BEING COMPLETED IN CONJUNCTION FOR THESE THINGS TO ALL COME IN LINE TOGETHER…WATCH THEIR ACTIONS THAT PERTAIN TO THEIR WORDS. WE ARE IN A GREAT PLACE RIGHT NOW. WE HAVE AGAIN MOVED FROM STATUS QUO AND ARE SEEING ACTIONS ACTUALLY BEING TAKEN…WE ARE GOING TO WIN TOGETHER AND WIN BIG.
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Millionday News Time Chat 7-12-15 Part 2 of 2
Thanks to DinarRecaps.com for posting News Time with Millionday!!
Millionday: NOTE — WAITING FOR THE TIME FOR THE REMOVAL OF THE THREE ZERO CURRENCY AND —- CBI SPECIFIES THAT — IN OTHER WORDS THAT WILL COME FROM CBI —
Millionday: He explained Sylvana, a press statement, that “the issuance of a new class of Iraqi currency requires the presence of the assigned bank reserves Central foreign currency “, stressing that the central bank reserves at the moment, according to what the governor of the bank on the Keywords, enough for the issuance of class 50 000 dinars”.
Millionday: NOTE — IN THE PRESS STATEMENT — CBI HAS ENOUGH TO COVER THE RELEASE OF THE HIGH DENOMS TOO — REPORTED TO BE FOR STRATEGIC REASONS
~~~
Read More: http://www.dinarupdates.com/showthread.php?15727-Millionday-News-7-10-15
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BGG – [HAVE YOU SEEN ANYTHING ON IRAN BECOMING PART OF SWIFT?] I have – I thought that was one bank – looking at some info…truthfully – I really think there is a lot – lot – LOT going on right now in the ME. It’s not about one or two keys…it is a tidal wave of details coming at us right now…there is so much happening…Maliki is gone soon…you watch and everything happens soon thereafter. [Do you think Maliki has to be gone before RV?] I don’t think (nor have I ever) that he HAD TO – but I think he will.
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Millionday News Time Chat 7-12-15 Part 1 of 2
Thanks to DinarRecaps.com for posting News Time with Millionday!!
Millionday: Confirmed an economist possibility of adaptation of monetary policy towards the enhancement of the real production sector in the country through the mechanisms used by the central bank.
Millionday: NOTE — THIS IS TALKING ABOUT CBI ADOPTING THE MONETARY POLICY AND THE LAUNCH OF IRAQI PRODUCTION — WHOOPOW
Millionday: He went economist Karim Mustafa in an interview for the “morning” that any rise in the dollar against the Iraqi dinar will contribute to the increase of import is reflected negatively on the viability of local production to compete in the market warning to the impact of this equation on the orientations of the executive authority in the search for new sources to diversify budget revenues through production.
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Read More: http://www.dinarupdates.com/showthread.php?15733-Millionday-News-7-12-15
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Arthur – To open the Budget they need liquidity…to achieve liquidity they can open the free market…but Rome was not built overnight nor will Iraq, the market takes time to develop and since infrastructure is in poor shape it is not an immediate solution. A revalued currency is an immediate solution…since Iraq deals in petro dollars…a IQD equal to 1 usd changes nothing…a IQD valued at $3 provides Iraq international purchasing power…so they can get 3 times the amount of imports as what they do now with a higher valued currency… low value favors countries that do large exporting…High value favors countries who do importing…Iraq imports over 90% of their goods… If they revalue at at $3… They spend $1 on imports and have $$$ to pay salaries and invest.
“IT APPEARS THEY ARE RAMPING UP THE CLEARING OUT OF MALIKI ONCE AND FOR ALL EITHER HIM RESIGNING OR HIM BEING SUED/PROSECUTED OR ALL OF THE ABOVE”
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Leaks from the first cabinet reshuffle in Iraq
July 12, 2015
In the first modification may affects the current Iraqi government, likely announced after the Eid al-Fitr, according to media leaks and political, that the leaders of the Supreme Council Ammar al-Hakim and Moqtada al-Sadr, a request from the President of the National Congress, Ahmad Chalabi, calm the atmosphere and to avoid getting into arguments over with blocks the other, a prelude to his appointment as finance minister, Hoshyar Zebari, instead of, who will return to the State, instead of Ibrahim al-Jaafari, who is expected to assume the post of Vice President of the Republic, in the case of Nuri al-Maliki his resignation.
The information reported in the media referred to the annoyance President Fuad Masum of his deputy Nuri al-Maliki and his agreement with Prime Minister Haider al-Abadi to remove him and replace it with another character, and renewed these leaks after the president’s visit to al-Maliki in his office, where he held two meetings confined to them only…
Read more: http://www.dinarupdates.com/showthread.php?15732-The-Dinar-Daily-Sunday-July-12-2015&p=122454&posted=1#post122454
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Arthur – Iraq is not broke. It has stated it can cover 3 times. It has vast oil and gold reserves sufficient for liquidity to open this budget, none of which will happen until there is a comprehensive law governing provincial funding under the HCL. There are amendments occurring as we speak to get this done soon as we approach Eid al-Fitr with Abadi losing more and more credibility sparking planned protests against the entire government mid August. We are hearing more and more positive news coming from high sources regarding movement on this issue that will soon lead to the completion of the MR. As we approach the end of July into August we are looking for major movement on the HCL thus leading to what we are all waiting on. [post 2 of 2]
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Poppy3 – …I LIKE THE NEWS AND THE TIMING BEING TALKED ABOUT. I WARN EVERYONE TO STAY HOPEFUL AND POSITIVE BUT SEVERAL OF THE THINGS STATED THEY ARE DOING DEPEND ON THE TIMING OF OTHER PARTS BEING COMPLETED IN CONJUNCTION FOR THESE THINGS TO ALL COME IN LINE TOGETHER…WATCH THEIR ACTIONS THAT PERTAIN TO THEIR WORDS. WE ARE IN A GREAT PLACE RIGHT NOW. WE HAVE AGAIN MOVED FROM STATUS QUO AND ARE SEEING ACTIONS ACTUALLY BEING TAKEN…WE ARE GOING TO WIN TOGETHER AND WIN BIG.
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Arthur – There are people out there saying it has nothing to do with HCL. That its only about liquidity which will be solved by just flipping a switch and suddenly having a $3 RV for instant purchasing power. So if it’s that easy why haven’t they done it yet? Why are they up against losing Kurdistan to independence and having mass protest on the green zone if it’s just that easy? Its because its NOT that easy and it IS about the HCL! This is a political problem that is complex that goes back even pre-Maliki between the Shiites and Sunnis and the Center and the Region. It involves the payments to oil companies, the Peshmerga, Article 140, and the level of independence that is allowable under the constitution. It is the very core of how funds within the budget will be distributed in general. [post 1 of 2….stay tuned]
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Dinar Updates @DinarUpdates 58m58 minutes ago
Dinar Updates retweeted Anwar Shimari
BGG ~ This is about to become a MAJOR issue… sickening what the previous Shia administration allowed to happen here…
Anwar Shimari @AnwarShimari
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Millionday – […the Kurds still get short-changed? ON Oil? is this still the case?] THEY MADE AN AGREEMENT YESTERDAY WITH BAGHDAD AND THE COMMITTEE HAS CALLED FOR URGENT MEETING WITH KURDS TO ACTIVATE THE OIL AGREEMENT BEFORE…EID HOLIDAY — ASAP.
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Frank26 – It is of a strong opinion from us that the HCL is fully armed and primed inside of the 2015 budget. We feel …and have said it for 7 years that the moment you see the 4th and final part of the HCL which belongs to the citizens oil share rights…then nano seconds later you will see the IQD rate change. IMO…the lower demons and HCL have something in common with the rate change date … They could be in synchronization. Not that one will follow the other but one with the other.
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Poppy3 – I FOLLOW PROGRESS IN ACTIONS IN IRAQ AND TALK DAILY WITH MANY POSITIONED PEOPLE SOURCES AND READ ALL THE NEWS DAILY. ALL COMBINED ARE TELLING ME WE ARE CLOSING IN ON VICTORY…THE TIME IS DRAWING VERY NEAR FOR ACTIONS ON THEIR WORDS ARE CONVINCING ME THE RATE IS COMING WITHIN THE NEXT COMING WEEKS AND ACTUALLY CAN COME ANYTIME BECAUSE LOTS OF WHAT THEY ARE SAYING WILL BE COMPLETED NEED TO HAVE THE NEW MARKET RATE FOR THESE THINGS TO BE COMPLETED…LIKE THE BONDS, TARIFFS, HCL BUDGET ETC…THE NEW RATE IS ABSOLUTELY NEEDED BEFORE THESE AND OTHER THINGS CAN BE FUNDED. TIME WILL TELL.
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A commission of inquiry Mosul: new information and answers Maliki should be re-investigated with some officers
BAGHDAD / Center Brief for the Iraqi Media Network (IMN) member investigative committee said the reasons for the fall of the city of Mosul nostalgia Qaddo that the Commission had not completed its investigation to date, because the answers of former Prime Minister Nuri al-Maliki opened the lines and new information should be verified.
He said Qaddo’s (IMN) that “the Commission has reached the final stages to complete the report, but there are still some outstanding matters that need for more details,” noting that “the answers Maliki opened some new lines that should stand then to get some details.”
And that “the Committee in the process of writing the final notes, and there is a committee of five members to the drafting of the final report and make recommendations and to identify the accused in the case.”…
BGG Notes:
Read the full text in the Iraq News Thread (as noted)… however, this is the key phrase…
“the Committee in the process of writing the final notes, and there is a committee of five members to the drafting of the final report and make recommendations and to identify the accused in the case.”…
It appears there is evidence supporting some very serious charges against further “accused”…
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tman23 – To open the Budget they need liquidity…to achieve liquidity they can open the free market…but Rome was not built overnight nor will Iraq, the market takes time to develop and since infrastructure is in poor shape it is not an immediate solution. A revalued currency is an immediate solution…since Iraq deals in petro dollars…a IQD equal to 1 usd changes nothing…a IQD valued at $3 provides Iraq international purchasing power…so they can get 3 times the amount of imports as what they do now with a higher valued currency… low value favors countries that do large exporting…High value favors countries who do importing…Iraq imports over 90% of their goods… If they revalue at at $3… They spend $1 on imports and have $$$ to pay salaries and invest. [post 2 of 2]
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My Ladies – Article quote: “Iran’s Day Bank announced on Saturday that it has officially joined the Society for Worldwide Interbank Financial Telecommunication (SWIFT).” NO FAN FARE NO NOTHING THEY JUST TURNED ON THE SWITCH WHILE THE REST OF THE WORLD IS WATCHING THE NUCLEAR DEALS TALK ABOUT STALLS. THIS IS EXACTLY HOW IT WILL HAPPEN IN IRAQ, THEY WILL TURN ON THE SWITCH AND THEY WILL BE CONNECTED AND THAT WILL BE THAT. SO THIS CAN LITERALLY HAPPEN AT ANY TIME…
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tman23 – From 2004 to present Iraq has not had “The HCL”. So for the past 11 years Iraq has never opened a Budget. They were operating on WHAT? The FACT is 2014 operated on 1/12 system of the 2013 Budget because Parliament did not pass a budget. 2015 Parliament passed a Budget but “austerity measures” were put into place because of “lack of liquidity” due to ISIS, war costs, displaced persons, fallen oil prices, etc….NOTHING TO DO WITH HCL!!! They cannot implement the full version of the 2015 Budget because there is NOT ENOUGH MONEY!!! [post 1 of 2….stay tuned]
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Millionday News Time Chat 7-10-15 Part 2 of 2
Thanks to DinarRecaps.com for posting News Time with Millionday!!
Millionday: NOTE — THE END OF NEXT WEEK — ALSO THIS IS THE RESULTS FROM THREE DAYS AGO
Millionday: For his part, he praised the Kurdistan Alliance proposal to the Commission on oil and energy, stressing the need to solve the subject in the context of dialogue between the two sides.
The MP said the coalition, Muhsin al-Sadoun, said in an interview to the (long-Presse), “The oil dispute between Baghdad and Erbil should be resolved, particularly the head of the territorial Government, Nechirvan Barzani, stressed the need to find a new formula the oil agreement with Baghdad,” he returned to “The two sides need for continued dialogue to resolve the dispute.”…
Read More: http://www.dinarupdates.com/showthread.php?15727-Millionday-News-7-10-15
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Poppy3 – AS TO ALL THE NEWS WE HAVE ALL RECEIVED IN THE LAST 3 WEEKS NOW ABOUT IRAQ, CBI, BONDS, AND CHANGES…IF THIS INVESTMENT WAS GOOD BACK 11 YEARS AGO IT IS A AWESOME INVESTMENT TODAY.
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Millionday – “…the fiscal and monetary authorities in Iraq now that is seriously considering (and bravely) adjust the exchange rate of the Iraqi dinar and including in line with the real price for the operation of the economy and the productive sectors, we know that it will be at the expense of all of our dreams strongly Iraqi dinar, which was worth US $ 3.33…” THIS IS…TURKI TALKING ABOUT THE DREAMS OF HOW STRONG THE DINAR COULD BE — THIS IS DATED JULY 8TH STATING IT WAS WORTH $ 3.33 — SMILE.
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SteveI – Article: “Financial crisis in Iraqi Kurdistan shuts down 6,000 projects” Quote: “A slowed and deteriorating economic climate in Iraq’s Kurdistan Region has shut down thousands of development projects, according to a senior official.” You will see more of this in the coming days. You watch. Other countries are also putting huge pressure on Iraq. Good times ahead!
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Finally something relevant to talk about…
Arthur – At the beginning of July they gave themselves a 2 month window (early September) to finally implement the HCL. All the Maliki and 50 and 100K notes, bonds, credit rating, and security concerns are all external issues to what is directly and vitally needed to implement full blown currency reform in Iraq.
They ABSOLUTELY MUST have a signed, sealed, delivered and fully implemented Hydrocarbon LAW, not tentative agreements to move any further PERIOD. After all this time people still fail to see the significance of the HCL as it pertains to the MR of Iraq.
There is no way to even fully open the budget without it. It is the HCL that authorizes all the necessary production share agreements (PSAs) which guarantees a profit for all the foreign oil companies then allows for the GOI to distribute remaining revenues fairly throughout the nation on a per capita basis. It allows Iraq’s provinces freedom from the GOI in giving exploration and production contracts which the Kurds and other provinces desperately want and must have since the constitution allows governates to form semi-independent regions, fully controlling their own natural resources.
There has been a call for mass organized unrest up to and including shutting down the airport to the green zone to start in mid-Aug with the sole purpose of overthrowing this parliament which would be tantamount to civil war and it is no coincidence that this show of resistance is scheduled right near the deadline for the Shiites and Sunnis in this parliament to put aside their centuries old sectarian hatreds at least long enough to finally implement this much needed historic law so the world can finally realize a reality rate for the Iraqi dinar per this quote on July 10, 2015 from Dr. Abdul Basit Turki al-Hadithi:
“…the fiscal and monetary authorities in Iraq now that is seriously considering (and bravely) adjust the exchange rate of the Iraqi dinar and including in line with the real price for the operation of the economy and the productive sectors, we know that it will be at the expense of all of our dreams strongly Iraqi dinar, which was worth US $ 3.33…”
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Kaperoni – Article: “Parliamentary economy expect difficulties in the application of tariffs next month” No doubt that there will be backlash. The same issues a year ago, a month ago still apply today. So we have to hope despite the few who are trying to hold Iraq back, the GOI will be able to implement and enforce tariffs. This is a tough one to overcome, but needed for the economy.
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Jester – [What is your sense of the initial RV value being a “sucker” rate to bring in as much dinar as possible before it floats upward?] YOU BETTER TAKE WHAT YOU CAN GET WHEN IT IS OFFERED…YOU LIKE TO GET GREEDY YOU MIGHT GET SQUAT… MY OPINION.
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Frank26 – Yes…Things are looking good…Yes…Rather exciting. NOT a date…But the Lava Flow…FASCINATING to me.
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Millionday News Time Chat 7-10-15 Part 1 of 2
Thanks to DinarRecaps.com for posting News Time with Millionday!!
Millionday: WELCOME TO NEWSTIME
Millionday: LET ME START BY A SUMMARY OF THE LAST COUPLE DAYS
Millionday: THE KURDS AND IRAQI FEDERAL HAVE AGREED ON OIL AGREEMENT AND —
Millionday: CBI HAS STATED THAT THEY WILL BEGIN PAYMENT OF GOV EMPLOYEES IN THE NEXT COUPLE DAYS AND THEY ARE READY WITH FUNDS AND THE PROCESS TO BEGIN THE LOANS FOR PROJECTS IN THE NEXT COUPLE DAYS —
Read More: http://www.dinarupdates.com/showthread.php?15727-Millionday-News-7-10-15
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My Ladies – WITH EVERYTHING WE ARE LEARNING EVERYDAY…YOU SHOULD BE OVER THE MOON SILLY RIGHT NOW UNDERSTANDING WHAT IS ABOUT TO HAPPEN. THERE IS NO WAY IRAQ WILL REMAIN IN ISOLATION, THEY WILL DEFINITELY BE COMING TO THE WORLD STAGE SOON. I AM NOT SPEAKING TO VALUE. I HAVE NO IDEA WHAT THE DINAR WILL TRADE AT. I KNOW BASED ON BANKING, TRADING, AND GLOBAL ECONOMICS THE DINAR WILL TRADE AND SOON…IT NEEDS TO. SO PLEASE HANG IN THERE EVERYONE AND GET EXCITED. [post 2 of 2]
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Dinar Updates @DinarUpdates 4h4 hours ago
BGG ~ To recap from yesterday… NO CREDIT rating for Iraq yet..& certainly not from some obscure website no one bothered to read carefully.
http://www.oecd.org/trade/xcred/crc.htm
(Read the 3rd paragraph carefully!!)
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My Ladies – THERE ARE SO MANY PEOPLE THAT ARE NOT IN THIS INVESTMENT OR HAVE LEFT THIS INVESTMENT OUT OF SHEER FRUSTRATION. THE DAILY PUMPING OF ANY MIN OR ANY SECOND MAKES INTELLIGENT THINKING PEOPLE START TO SECOND GUESS THEIR SELVES AND THEN YOU COMPOUND THAT WITH THE BANKS CALLING THIS A SCAM AND MANY FOLKS WALK AWAY OR DO NOT GET INVOLVED. THE DINAR IS A CURRENCY IT IS NOT A SCAM. [post 1 of 2….stay tuned]
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SteveI – Article quote: “…the fiscal and monetary authorities in Iraq now that is seriously considering (and bravely) adjust the exchange rate of the Iraqi dinar and including in line with the real price for the operation of the economy and the productive sectors, we know that it will be at the expense of all of our dreams strongly Iraqi dinar, which was worth US $ 3.33…” We are almost at the end. Hang in there and it will be worth the wait. This made my day!
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Millionday – [if the bonds will be in 4th qtr…will the rate possibly change prior to then?] THE DATE OF A CHANGE IN RATE HAS NOT BEEN RELEASED…IT CAN BE CHANGED AT ANYTIME. WE DONT KNOW WHEN BUT IT DOES NOT MEAN IT MUST WAIT UNTIL THE FOURTH QUARTER. […could this be that the Domestic payouts will be in Dinar, and if you were International you could get USD?] YES… THEY STATED THAT IT WILL MATURE AT A HIGHER AMOUNT THAN THE MARKET PRICE…SO THE BONDS WOULD BE ON THEIR MARKET AT THAT TIME…HUGE CLUE FOR ME. […would there be any rational reason to give the loans out at the 1166 rate?] ACCORDING TO MY LOGIC AND ECONOMICS — IT WOULD NOT MAKE MUCH SENSE FOR IRAQ OR THE ENTERPRISE... [post 2 of 2]
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tman23 – June was the end of the road……… Sadly most thought that meant that July 1 would be a RV…….. But what I have stated along with that was…….I expect to see a change anytime from the 1st to the 15th……. And I am set for the 15th……does that mean RV to riches…….possibly !! But be certain that there will be an announcement for the citizens…….An Abadi gift…per se’
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Millionday – Article quote: “The Iraqi government plans to issue local bonds worth five billion dollars, starting from the last quarter of this year…“ “The bonds will be issued in US dollars in stages based on investor demand, and investors will choose between receipt of an asset at maturity in dollars or dinars, but at a better price than the market price.” THEY ARE GIVING A CHOICE OF RETURN IN EITHER US DOLLAR OR IRAQI DINAR — WOW — AND ANNOUNCED THAT THE MATURITY WILL PRODUCE A HIGHER RETURN THAN –MARKET PRICE. CBI WILL DETERMINE IF THE LOANS ARE GIVEN OUT AT A NEW VALUE OR NOT — I PERSONALLY HOPE A NEWLY CALCULATED VALUE. [post 1 of 2….stay tuned]
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CURRENCY CODE SELL BUY
US dollar USD 1166.000 1164.000
| CURRENCY | CODE | SELL | BUY |
| US dollar | USD | 1166.000 | 1164.000 |
| Euro | EUR | 1285.398 | 1284.756 |
| British pound | GBP | 1791.209 | 1790.314 |
| Canadian dollar | CAD | 916.523 | 916.064 |
| Swiss franc | CHF | 1233.210 | 1232.593 |
| Swedish krona | SEK | 137.009 | 136.940 |
| Norwegian krone | NOK | 141.720 | 141.649 |
| Danish krone | DKK | 172.256 | 172.170 |
| Japanese yen | JPY | 9.553 | 9.549 |
| Special Drawing Rights |
SDR | 1627.538 | 1626.724 |
Indicative rates – 07.11.2015
http://www.cbi.iq/
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tlm724 – Article: “Government intervention of the World Bank as a partner in the formulation of the budget in 2016″ Quote: “adding that” the World Bank agreed to grant the loan in exchange for conditions related to conduct real administrative and economic reforms in the government system,” now that is big! The World Bank says yeah we will loan you the money BUT we want in on formulating and implementing the economic plan! I like that very much! Very Happy.
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SteveI – Listen folks, we are closer than you all think. Hang in there!
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Dinar Updates @DinarUpdates now
BGG: I’m going to push the call off an hour (to 4:30pm CST) – we had some tech stuff get in the way earlier – I’m a little “off-pace”… but you will like.
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Kaperoni – I am waiting to see if the CBI actually issues the 50k dinar notes this month as stated by MP Najiba Najib from the finance committee on July 2nd. …currency reform must happen. It is really not an option or preference. The issue is how and when it will happen. [Is it more likely to start at 1166 or 10 cents?] …currency reform is not an arbitrary number. A currencies exchange rate is based on many factors. So when it begins to rise, it will be because of several factors. Unfortunately, many don’t want to believe that and are wishing for some “overnight” event. The good news is Iraq is trying to create the conditions to do the currency reform. The laws will be a big step in the right direction when they pass them…over 150 laws have been read twice and waiting for a 3rd and final reading.
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tlm724 – Article: “Cancel the parliamentary oil denies oil deal between Baghdad and Erbil” Quote: “The Commission on oil and energy parliamentary denied on Thursday reports that the cancellation of the oil agreement between the federal government and the government of Iraqi Kurdistan in secret” good that puts that BS to rest! three options…either to proceed with the agreement that has been concluded and inclusion in the federal budget, or to discuss a new agreement…saying, that the third option is that the federal government allow the Kurdistan government to sell oil Independently…they are working it!
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Brett McGurk @brett_mcgurk 2h2 hours ago
Arrived in #Baghdad this afternoon to consult w/PM Abadi and senior officials after three days of productive talks in #Ankara. #Iraq #ISIS
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SteveI – [Can you comment on the 50k and 100k notes? Some articles say the introduction of these notes will coincide with the change in value while other articles are simply too confusing.] Yes, the 50 and 100 notes are a temporary solution to curb the massive counterfeit problems and will not be a part of the final solution.
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Millionday – Article quote: “…the current legislative term will see the passage of the new investment law.” THE INVESTMENT LAW SHOULD BE PASSED BY PARL THIS SESSION. DIVERSITY THROUGH INVESTMENT WILL ADD TO THE MARKET AND SUPPORT THE BUDGET WHERE INTENDED. SO AS WE KNOW THE INVESTMENTS WILL BRING IN MARKET DIVERSITY AND MINIMIZE THE RELIANCE ON OIL ALONE .
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BGG’s Notes: Thurs Afternoon Call!!
Dinar Info w/BGG – 7/09
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wmawhite – Another question…unlike sovereign bonds…Iraq will be going to the retail markets with its first international bonds…what is needed in order for Iraq to do such a thing? Iraq will need a sovereign (country) credit rating. …this will enable Iraq to be compared with all of the other countries in the world that are also issuing international bonds. Another question:..when compared to other countries…in addition to the credit rating, what will help Iraq when compared? A currency that is freely moved/traded on the world currency markets.
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Adam Montana – …we’re almost done with Ramadan. It’s possible for something big to happen in the next 10 days…But if Ramadan goes like it normally does, things just slow down over there. Negative Nancys like to say “oh nothing ever gets done”, but I disagree – a LOT has been accomplished in a very short time over the last 6 months, and I’m optimistic about the situation. I’m looking forward to seeing things pick up pace again… but not in the next 10 days. Give it a week and a half, and then let’s see what happens.
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Millionday News Time Chat 7-08-15 Part 2 of 2
Thanks to DinarRecaps.com for posting News Time with Millionday!!
diane1: is the money to bring these people back home?
Millionday: THE UN AND MANY OTHER COUNTRIES HAVE AGREED TO HELP INITIALLY —FOR HOUSING AND FOOD — HOWEVER — THEY ARE BUILDINGS THOUSANDS OF HOUSING GROUPS AS WELL ALSO
diane1: didn’t they get loans from WB AND IMF To help these displaced people come home. were there strings attached to these loans.
Millionday: THE LOANS ARE TO BEGIN THIS MONTH FOR BUSINESSES IN IRAQ AS WELL — SO BUSINESSES SHOULD BEGIN TO REBUILD
mimi3: can they do that without RV?
http://www.dinarupdates.com/showthread.php?15719-Millionday-newstime-7-8-15
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SteveI – …I have not given up on this investment. After reading and knowing what is really going on, I believe in it more now than last year. …[Guru] Millionday our CNN of the dinar world has done an excellent job keeping us informed with what is going on. Yes, it should have been done by now (changing value that is) but ISIL was not in the mix last year. Nobody predicted this one (thank Maliki for this this mess, so we let Iraq and the other countries deal with it and get this under control. Huge progress has been made and they will continue making great progress. Ray and I have talked…and believe we are on a sound and positive track. One other comment, there is not one scenario I can even come up with that would allow the vast assets (gold, oil and many others) of Iraq to maintain the value of their currency much longer and still claim to be a powerful country. Yes they can continue with the oil dollars but that can only go on for so long. Iraq will get eaten up alive if this happens. So, this will not ever happen.
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wmawhite – [via Guru BGG] Article quotes: “The Iraqi government plans to issue local bonds worth five billion dollars, starting from the last quarter of this year…” “The bonds will be issued in US dollars in stages based on investor demand, and investors will choose between receipt of an asset at maturity in dollars or dinars, but at a better price than the market price.” “He noted the former official at the Central Bank of Iraq, Qassem Saleh appearance, that “the medium-bond maturities range between 12 and 18 months.” They just told you they are planning for an internationally accepted Dinar. How do you want your return? In USD or Dinar…something is up. …according to banking reference yesterday – (IHHO) he would find it highly unlikely for there to be an international acceptance and trading without a reality rate.
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“SPECIAL NEWS TIME” with Millionday – Thursday nite on CHAT at 7:30pm EST!!
www.DinarUpdates.com – save as favorite!
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Kaperoni – Article quote: “the process of deletion of zeros from the local process needs a major economic power and great money,”… clearly implies to me we are right on with our thinking…that the deletion of zeros is a result of growth of Iraq’s economy and capital investment. When that happens, the CBI will float the dinar and the zeros will go away naturally as a result. We are waiting for the flood gates to open and that will come with stability and laws.
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Adam Montana – As I suspected, Ramadan once again seems to be the killer of all things great in the story of Iraq’s journey “Back From Saddam”… but that’s not all that bad. It’s just a matter of time, as most things are. In this case, the “time” we are looking at has a defined end, and that end is July 17th. [A number of weeks ago, your contacts were telling you that things were about to happen. What are your contacts telling you now?] No change since a month ago…! We’re looking good, but Ramadan is here, so…
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Millionday News Time Chat 7-08-15 Part 1 of 2
Thanks to DinarRecaps.com for posting News Time with Millionday!!
Millionday: NOTE — I WAS ASKED TODAY ABOUT THE PARLIAMENT SESSIONS AND WHEN THEY ARE —-
Millionday: THE PARLIAMENT SIGHT SHOWS — WED-THURSDAY-SAT-AND SUNDAY FOR SESSION DAYS FOR PARLIAMENT
Millionday: NOTE– THIS ACTUALLY CALLS FOR THE WHOLE TERM AND DURING
Millionday: He stressed the economic and investment commission member of the parliamentary proof Mamouri, Sunday, that the current legislative term will see the passage of the new investment law…
http://www.dinarupdates.com/showthread.php?15719-Millionday-newstime-7-8-15
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wmawhite – [I had always beleived that the deletion project was before the revalue, now I stand corrected…?] Think of it this way…there would be no need to change the currency, delete the zeros, etc…if a change in the value of the IQD wasn’t going to happen BEFORE hand. [So are we on for July?] Don’t know other than we are on….because the folks that are doing this continue to tell us about events that require a tradeable IQD. [If you accumulate all the progress, one can only come out with a positive climax!] I agree…especially now. IMO, they are being very open with what is coming. [post 2 of 2]
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Kaperoni – Article: “Iraq looking with American negotiators development skills to join the World Trade Organization” Iraq is a long way off from full accession to the WTO, but as long as it is discussed it is good news and more pressure for Iraq to get the market economy moving forward along with currency reform.
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Millionday Round Table Chat (mid-day) 7-08-15 Part 2 of 2
Thanks to DinarRecaps.com for posting Round Table with Millionday!!
Millionday: THIS IS A WHOPPER I HAD TO SHOW YOU
Millionday: Sources close to the current Government that Prime Minister Haidar Al-Abbadi is the Vice President’s son arrested Ahmed Nouri al-Maliki.
The sources said ((today)), “on Monday evening, the strength of the current Prime Minister, Ahmed Al-Maliki against the backdrop of a complaint from one of the women experiencing harassment and many pressures to approve a sexual relationship with him.
The sources added that “Brian abducted son of this small woman for 10 days but it rejected their association with illicit relationship.
http://www.dinarupdates.com/showthread.php?15717-Millionday-Roundtable-7-8-15
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wmawhite – What is required before the “delete the zero project” can be completed? The delete the zero project is NOT the change in the value of the IQD…hint. The project is several items…one of which is the size of the notes to be used…so, the IQD requires a change in its value Loooong before the project can be completed. I will be sitting on a beach in St. Kitts long before Iraq is finished with the delete the zero project. In other words…we do not care when they complete it…also, they have told us many times that the process has alrady started. [post 1 of 2….stay tuned]
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Kaperoni – Several very good events are happening in Iraq as of late, movement towards a market economy and opening the banking system is just more promising news. Let it come to us.
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Millionday Round Table Chat (mid-day) 7-08-15 Part 1 of 2
Thanks to DinarRecaps.com for posting Round Table with Millionday!!
Millionday: WELCOME TO ROUND TABLE EVERYONE
Millionday: GOOD TO SEE ALL OF YOU
Millionday: WE HAVE SOME BIG NEWS TO LOOK AT TODAY
Millionday: Trading was halted on the New York Stock Exchange in the late morning because of a technical issue.
The halt occurred at about 10:30 a.m. this morning…
http://www.dinarupdates.com/showthread.php?15717-Millionday-Roundtable-7-8-15
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Aggiedad77 – …WE ARE PAST SECURITY AND AT THE STAGE OF TRANSPARENCY NOW. LAST TUESDAY ONE OF OUR TEAMS TOLD US THAT A DELEGATION LED BY GOI/CBI WAS BEING PUT TOGETHER AND WE THOUGHT THEY WERE COMING TO THE USA. INSTEAD WE HAVE LEARNED THAT THE US IS COMING TO IRAQ TO TALK TO THIS GROUP. WE FEEL THAT THIS MEETING HAS ALREADY OCCURRED AND IT WAS POINTED IN THE DIRECTION OF THEIR SECURITY. BECAUSE IT IS OUR OPINION THAT ISIS IS NOW FEEDING UPON ITSELF AND THAT NOW WE CAN SAY THAT THE USA IS PICKING UP SPEED ON THE GROUND SO MUCH FASTER. AS ALL THIS HAS BEEN HAPPENING ABADI IS CONSTANTLY…DAILY TELLING THE CITIZENS THAT THEIR PRIVATE SECTOR WILL SOON EXPLODE AND THAT THEY ARE ADDING VALUE TO THEIR CURRENCY BY PASSING LAWS FOR THE CBI TO LIFT THE 000’S FROM THEIR EXCHANGE RATE.
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firefly – IMO the HCL has been passed a long time ago. We are just waiting on Implementation. I am only watching the CBI and Abadi …period. M [Maliki] IMO is irrelevant. There will always be corruption, not just in Iraq but globally. They need to get this done ASAP…End of story.
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Dinar News w/BGG – from 7/07
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Frank26 – The HCL…that is a HOT thing for us right now…it is the Lava Flow. Now of all of the people…the so-called “advisors of the GOI submitted a proposal to amend the Federal Oil and Gas Law to be completed within two months.” That means they started it 2 months ago … (that’s when we heard the rumors about it). Article 140 which is important for the HCL…there are 30 things that the GOI has to do to lift Article 140. These 30 things were done a long time ago – so Article 140 was put on the shelf. A few days ago Article 140 was brought back off the shelf and REACTIVATED once again. These are things that the GOI has to do for the people of Iraq. And guess what one of those 30 things is? The HCL! Lots of number are now changing…TRANSPARENCY…so now the GOI says it now produces 4.3 Billion barrels a day…transparency is coming…they want the world to know these numbers and what they are doing. The last part (for the citizens) will come at the very end. The HCL is HOT.
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Millionday – Article quote: “The Federal Supreme Court, announced today the unconstitutionality of Article 50 of the Budget Law for 2015, and the judge to “compel the Central Bank identifies sales of hard currency [the dollar] in its daily auction ceiling does not exceed $ 75 million a day.” THE FEDERAL SUPREME COURT SET LIMIT TO 75 MILL. [did they find it unconstitutional? Art 50?] YES. THE FEDERAL COURT ALSO FOUND THAT THEY MAY NOT AMEND THE BUDGET…BUDGET MUST REMAIN.
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Frank26 – There is a change coming in many things as you know. The thing that was required BEFORE that change was a sense of SECURITY within the GOI and the banking and leadership of IRAQ (the PM – Abadi and the Gov of Iraq – Dr. Shabibi). The monetary reform (Lava Flow) is beautiful…masterful. Iraq is passing laws which they’ve been doing for a long time…which was hard for them because they had no security at the time especially when Maliki was around. Iraq wants the world to know that Maliki (who was always a problem when they tried to pass laws in the past) is no longer a threat anymore. The removal of Maliki was important and allowed these laws to come forth and the sequence of these laws…the domino effect…from one law to another finally allowed things to happen. [Do you feel we have the security necessary in IRAQ?] YES I DO.
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Millionday News Time Chat 7-06-15
Thanks to DinarRecaps.com for posting News Time with Millionday!!
Millionday: Hashemi Iraq aims to develop and promote external economic and trade relations through openness to the Arab and foreign banks what would improve the performance banking and government developed especially after the long years of isolation due to sanctions Atah.ovi this regard said economic researcher verse just to move sector banks Government towards opening up to foreign banks, Arab and foreign, comes as a natural result of the liberation of Iraq from Chapter VII of the UN Charter restrictions, especially in regards to the movement of funds and the opening of branches of Iraqi banks abroad so
Millionday: NOTE — IRAQ IS ANNOUNCING THE OPENING OF INTERNATIONAL BANKING LAUNCH TO THE GLOBE AND THEIR READINESS —
Millionday: as to enhance Alforeig.oadavc just economic cooperation in an interview for the “morning” was the consequences of the United Nations Economic decisions largely on Iraq, where it caused great damage to the sector the government banking in the nineties through the freezing of the funds and the closure of the branches of the Rafidain Bank abroad, adding that it reflected negatively on the economic and trade relations between Iraq and the countries of Alm.orot that after the liberation of Iraq from Chapter Chapter VII and
Millionday: NOTE — THIS WAS A MAJOR ANNOUNCEMENT THIS MORNING AND CAME FROM THE DECISION OF THE UNITED NATIONS ECONOMIC ON IRAQ
Millionday: WHOOOPOW
Millionday: the return of economic life to recovery after 2003 the government’s efforts began to abide by international decisions to lift economic sanctions on the country what yielded declare Iraq out of Chapter VII in the summer of 2013, saying he was actually move to re-open a number more of the branches of the Rafidain Bank in abroad especially in the Arab countries and the Pacific Alakulaima.ookdt that openness to the world banking government would develop banking experience, especially after the long years of isolation from the world and
Millionday: NOTE — THE OPENNESS TO THE WORLD BANKING GOVERNMENT IS THE BANKING DEVELOPMENT PER BANKING REFORM PLANS — HUGE HUGE NEWS
Millionday: and keep up with evolution movement in the banking sector in the countries of Almamorh.aly confirmed that Rafidain Bank, seeks to support the national economy, through keep abreast of progress and cooperation with Arab and international banks, noting that
Millionday: NOTE — RAFIDAIN AND WITH THE SUPPORT OF THE NATIONAL ECONOMY THROUGH COOPERATION WITH ARAB AND THE INTERNATIONAL BANKS — WHOOPOW
http://www.dinarupdates.com/showthread.php?15710-Millionday-News-7-6-15
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Millionday – [Do you know if they ever passed the investment law?] THEY STATE THAT IT IS IN PARLIAMENT AND THEN WE HAVE REPORTS ABOUT HOW EXCITING THE LAW IS AND THE COMMITTEE COMMENTS ON ITS COMPLETION SO IT IS NOT CLEAR TO ME AT THIS POINT. THEY HAVE STATED HOW GREAT IT IS AND HOW THEY NEED TO HAVE IT OFF THE SHELF SO TO SPEAK. MY OPINION IS IT IS DONE AND NOT PRINTED.
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Kaperoni – Article: “Government banking sector seeks to open up to the world” These kinds of articles is exactly what we want to hear. They cannot keep the dinar weak much longer. Remember, many think it is grossly undervalued.
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Millionday – Article quote: “the advisers made a series proposals to the Prime Minister with respect to federal oil and gas law, to be completed in less than two months and sent to Parliament.” THIS IS STATING THE HCL WILL BE FORMALLY OR IS EXPECTED TO BE DONE WITHIN A COUPLE MONTHS...THIS WILL REQUIRE RE-ACTIVATION OF ARTICLE 140 AS WELL…MANY LAWS ARE BEING ADDRESSED (THE IMPORTANT ONES) —- AND THEY ARE REPORTEDLY USING THE OIL AGREEMENT NOW AND HAVE BEEN MEETING ON THE AGREEMENT MADE WITH ERBIL — SO LOOKS AS IF THE LAW IS ALMOST DONE — FORMALLY.
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Aggiedad77 – …the Federal Court is announcing their stance on certain articles of the 2015 Budget…as we suspected they are calling them unconstitutional…especially that of Article 50…we also are seeing that the Finance Committee is attempting to regroup…
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Poppy3 – moment by moment, minute by minute we inch closer and closer. THE NEWS MILLIONDAY CONTINUALLY BRINGS HAS AND CONTINUES TO PAINT THE PICTURE OF OUR STATUS FOR ALL OF US WHO READ EVERY WORD.
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Millionday – Article quote: “The al-Maliki trial today has become an urgent necessity…” [My question would be once the trail starts will Maliki be arrested and put behind bars?] I DONT KNOW. I KNOW HIS RESUME` LOOKS BAD. WE WILL ALL HAVE TO WATCH TO SEE WHAT THEY DO WITH HIM. [Do you think the trial will delay the MR?] NO — THE TRIAL WILL NOT DELAY THE REFORMS — IT WOULD NOT HAVE AN IMPACT AT THIS POINT AND WITH HIS POSITION IMO.
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BGG – [things have sure never been this exciting…] I would agree – can’t say it means an immediate RV – but it is sure getting exciting…
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wmawhite – CNN…did a big piece on Maliki this morning. Tied together Maliki’s failures to the rise of ISIS…and now we see more and more press about Maliki and the movement towards criminal charges tells me that europe/USA are telling the Sunni Tribal Leaders that true change is here…and there is so much more afoot…happening that is good for us.
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tman23 – As I had been saying… And now in ink, the Kurds are threatening the payments in USD… They would abandon the IQD altogether! A MAJOR THREAT for the CBI… Just another confirmation that we are in an excellent position to see change…
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Iraqi Dinar/Dollar auction 07-08-15
Currency Auctions Announcement No. (2991 – the most recent listing)
This daily currency auction was held in the Central Bank of Iraq on the 07-08-2015
The results were as follows:
| DETAILS | NOTES |
| Number of banks | 26 |
| Number of remittance companies | 8 |
| Auction price selling dinar / US$ | 1166 |
| Auction price buying dinar / US$ | —– |
| Amount sold at auction price (US$) | 289,496,419 |
| Amount purchased at Auction price (US$) | —– |
| Total offers for buying (US$) | 289,496,419 |
| Total offers for selling (US$) | —– |
More: http://dinarupdates.com/blog/
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tman23 – The point being made……. Shahristani is not with Abadi to discuss education, and he is not there in a meeting solely because he originated the agreement between Kurdistan and Baghdad February 19th 2014….. Shahristani is the “cooler”…… And he has the dirt on Maliki and everyone else is the house of corruption…..But more important, he is the “man” that represents big oil….. When is the last time you heard of Exxon, Chevron, China National or Sinopec, BP, Shell, or Lukoil having contract issues or being threatened……. It was a weekly occurrence when Maliki was PM……. Big Oil is happy….. Shahristani is the “cooler”…….. AND he is the #1 man behind Abadi…..
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BGG – [Do you believe that Iraq must have a reality rate before they can get a good credit rate?] No – I do not… but I think both will happen.
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Millionday – Article: “Announced Rafidain Bank, announced the launch of banking cooperation with the International Foreign banks initiative.” RAFIDAIN BANK HAS ANNOUNCED THEY ARE MOVING FORWARD WITH INTERNATIONAL BANKING RELATIONS — HUGE NEWS. THIS IS AN IMPORTANT STEP PER THE FOREIGN REMITTANCE SYSTEM. [isn’t internationally recognized a requirement for this?] IT COMPLETELY DEPENDS ON WHAT AGREEMENT THEY HAVE SET UP TO BEGIN — THIS IS THE BEGINNING ACCORDING TO REPORT AND A HUGE ANNOUNCEMENT BUT THEY ARE NOT THE ONLY ONE THAT SHOULD BE MAKING THIS ANNOUNCEMENT. [Any idea as to when this is to start or has it started?] TO ENTER GLOBE — THEY HAVE TO HAVE INTERNATIONAL EQUATION ACCORDING TO WORLD ECONOMIC LOGIC — SO THIS IS A HUGE BEGINNING OF SOME GREAT NEWS IMO. NO DATE GIVEN.
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Millionday Round Table Chat (mid-day) 7-06-15
Thanks to DinarRecaps.com for posting Round Table with Millionday!!
Millionday: Hussein al-Tamimi Tgb stressed expert in the agricultural sector d. Abdul-Hussein al-Hakim, the importance of economic diversification, which represents the natural way to sustainable development, noting that the agricultural sector one of the most important sectors with a strong foundation helps to economic stability in the event of fluctuations in the global economy, such as lower oil prices in the global markets.
Millionday: NOTE — IT WAS MADE CLEAR A LONG TIME AGO THAT THE GDP IN IRAQ NEEDED DIVERSITY — THEY HAVE DONE WELL
Millionday: He said the “morning” on the sidelines of an economic seminar that achieve the best tempos in economic development is in agricultural investments modern projects for medium and large as well as small agricultural projects for the agricultural sector of important economic site after the oil sector, pointing out that the sector is on the achievement of food security and increasing non-oil commodities exported only The rate of contribution in the formation of GDP in 2013 does not exceed 4 percent at current prices and 6.9 percent at constant prices even though he possesses the hands of labor and agricultural land and irrigation water.
Millionday: NOTE — AGRICULTURE DIVERSITY IS THE BEST WAY — KURDISTAN DOES NOT HAVE A LOT OF FOOD — AS WE KNOW — ALSO IRAQ IS KNOWN FOR DATES — THE MARKET IS EXPANDING IN AGRICULTURE AS WELL — SMILE
Millionday: NOTE — THEY DID CARRY HIGH 90S IN OIL PRODUCTION — SO IT HAS CHANGED ECONOMICALLY
Millionday: He said if the oil resources concentrated in the construction of development projects through the investment of these resources as ideal , especially in the agro-industrial projects, to have been achieved breakthroughs in the production of agricultural commodities raise the percentage contribution of the agricultural sector in GDP to high levels are important stability of the national economy factor.
Millionday: NOTE — DIVERSITY IS VERY IMPORTANT FOR THEIR GDP AND WE HAVE READ REPORTS OF DEMANDS TO ADD MORE THAN JUST OIL RELIANCE FOR THE COUNTRY`S ECONOMY — AND DEVELOPMENT ETC…
http://www.dinarupdates.com/showthread.php?15709-Millionday-Roundtable-7-6-15
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wmawhite – It is good to know that Abadi/GOI and Parliament is hearing from the rest of the financial world that these laws WILL be passed and enacted or Iraq will never be a part of the global economic community. And what did Abadi state when he last left Berlin at the World Economic Conference…”Iraq will join the World Economic Community.” …being in this investment means my bet is with Abadi.
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tlm724 – Article: “The advisers submit proposals to amend the federal oil and gas law to be completed within two months” to amend the federal oil and gas law to be completed within two months…to be completed in less than two months and sent to Parliament…well thats encouraging… the Council of Ministers completed more than 80 percent of the document the political terms of the agreement…getting closer…we all know how important this is and it’s good news all around.
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Bondlady – Article: “Abdul-Mahdi announce the arrival of Iraq’s production of “4.3” million barrels per day” thats awesome! and the most production ever…Very Happy.
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tlm724 – Article: “Urgent start of the parliamentary session in the presence of 235 deputies to read the general amnesty, accountability and justice laws“ 4 sessions in the last 5 days! unheard of…Very Happy.
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Iraqi Dinar/Dollar auction 07-06-15
Currency Auctions Announcement No. (2989 – the most recent listing)
This daily currency auction was held in the Central Bank of Iraq on the 07-06-2015
The results were as follows:
| DETAILS | NOTES |
| Number of banks | 17 |
| Number of remittance companies | 4 |
| Auction price selling dinar / US$ | 1166 |
| Auction price buying dinar / US$ | —– |
| Amount sold at auction price (US$) | 94,455,000 |
| Amount purchased at Auction price (US$) | —– |
| Total offers for buying (US$) | 94,455,000 |
| Total offers for selling (US$) | —– |
More: https://dinarupdates.com/observer/
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tman23 – The #1 LAW on the Kurd list was the Federal Court Law. Nothing else matters unless this law is passed. What good are ‘Laws’ if there is not Judicial enforcement…And Maliki is the one who has orchestrated walk outs during the readings.
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Stryker – Aritcle Quote: “It should be attached to the mechanism of enactment of the law as a first stage administrative mechanism and executive-money laundering law, being gives confidence to the Iraqi economy and the confidence of the Transparency International organization and international organizations.” These were the things that CBI Governor Ali Ismail was talking about March 3, 2015 when he said this: “This operation will be preceded by regulatory and administrative processes and the form in which it will start moving in,” adding that “the Bank began creating currency models and training of cadres to it.” And when he said that he was talking about this: “the project to delete the zeros is based has been put into practice and gave the green light to start with,” noting that “The project needs a period of time may extend to two years or more.” My point in bringing you this because these administration and regulations will be what keeps the bad guys from gaining from the new currency reform! So don’t think the security and ISIS are the hold up, IMO there not!
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tman23 – As I had been saying……. And now in ink, the Kurds are threatening the payments in USD…….. They would abandon the IQD altogether !!!!! A MAJOR THREAT for the CBI……. Called it weeks ago !! Just another confirmation that we are in an excellent position to see change……. Unless the GOI and CBI want to continue with the game of chicken……..and to continue wouldn’t be unrealistic since these people are known for blowing themselves up……. With a rational person, you can deal…….with an irrational person, you can negotiate…….. With a tyrant, you can do neither
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Poppy3 – I HAVE BEEN TOLD THEY ARE MOVING WITHOUT DELAY AS FAST AS THEY POSSIBLY CAN. THEY MUST SETTLE SO MANY DISPUTES FROM TRIBE TO TRIBE BUT ABADI IS A MASTER – FROM PEOPLE I HAVE TALKED WITH AT BREAKING BARRIERS AND GETTING PEOPLE TO WORK TOGETHER. HE CAN ONLY BE AT SO MANY MEETINGS BUT IF YOU HAVE NOTICED AFTER EVERY DELAYED MEETING OR PUBLISHED DISPUTE WHEN HE ATTENDS THEIR NEXT MEETING THINGS GET SETTLED. HE IS PUSHING FOR COMPLETIONS OF ALL AND TO GET THE MONEY FLOWING FOR THE PEOPLE OF IRAQ AND AS POPPY3 HAS ALWAYS SAID WHEN THE PEOPLE OF IRAQ GET BLESSED WITH WHAT THEY WANT THEN WE WILL GET OURS.
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Sunday Afternoon Dinar Call!!
w/BGG & Mr White – from 7/05
Click the call banner in the upper rt corner!!
Smart phone user link – Click here
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BGG – quite honestly – as I understand it – they are still missing a whole level of government intended to be something along the lines of our Senate. [I thought that Abadi wanted to give more power to the regions (states)?] so he says…let’s see it. well – unfortunately the saying “Iraq is open for business” has come and gone…well – give the proclamation months and months and they are still in the middle of a very serious struggle.
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Aggiedad77 – Article: “Today the House of Representatives ratified the international conventions and discusses the insurance car accidents and the law of Islamic banks” Well kind of a ho-hum day in Parliament today [Saturday], yes there was some action but mostly be those pinch hitting it seems…the big guns were kept away from the table yet again…there was a second reading of the Islamic Bank Act…this was actually submitted by the Finance Committee…
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Kaperoni – Articles: “Rafidain Bank confirms his quest to support the national economy through cooperation with Arab and foreign banks” & “Rafidain Bank opens prospects for cooperation with Arab and international banks” This continues to be a good step in the right direction.
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Parliament finish the first reading of the general amnesty law
Long-Presse / Baghdad – It ended the Iraqi Council of Representatives, on Sunday, the first reading of the draft of the amnesty law, while the bite of law for the second reading soon.
A parliamentary source said in an interview to the (long-Presse), “The House of Representatives ended during its fourth legislative term of the first second legislative year, which was held today, the first reading of the draft general amnesty law.”…
Read More: http://www.dinarupdates.com/blog/
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Kaperoni – Article quote: “…the Cabinet’s decision to vote on the draft anti-money laundering law submitted by the central bank, which was put on according to the latest international standards and agreements and coordinate directly with the World Bank and the Financial Action Task Force and international organizations…” I don’t believe I have seen it in writing in the IMF Article IV Consultations, but I would expect that such law would be a requirement also prior to acceptance to Article VIII. It has already been stated by a few, this is no slam dunk. To many corrupt Iraqis would prefer to keep stealing over the passage of this. It will be interesting to see how it is received in parliament.
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sczin11 – [perhaps it is darkest before the dawn and indeed there is desperate progress being made and necessarily outside of the public eye.] THEY ARE SETTING THE STAGE TO TAKE DOWN ANY AND ALL CORRUPT OFFICIALS, PREPARING THE JUDICIAL SYSTEM TO NOT FEAR RETALIATION…IN ORDER TO ACCOMPLISH THIS, PROPER LAWS MUST BE IN PLACE SO THAT GLOBAL BACKING WILL BE PRESENT, AND INTERNAL OBJECTIONS, WILL NOT INTERFERE, WITH THE PLAN… AND THIS IS WHAT IS HAPPENING…EVERY ARTICLE THAT SOUNDS BAD FOR IRAQ, IS REALLY GREAT FOR THE PLAN.
BGG Notes: Seriously?!? All corrupt Iraqi officials??
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Millionday – [do we know if Baghdad had the Q Cards loaded yet?] THIS WEEK ALL ELECTRONIC EQUIPMENT WAS DELIVERED…NO NEWS ON THE CARDS BEING LOADED YET THAT I HAVE SEEN IN INK.
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Iraqi Dinar/Dollar auction 07-05-15
Currency Auctions Announcement No. (2988 – the most recent listing)
This daily currency auction was held in the Central Bank of Iraq on the 07-05-2015
The results were as follows:
| DETAILS | NOTES |
| Number of banks | 26 |
| Number of remittance companies | 6 |
| Auction price selling dinar / US$ | 1166 |
| Auction price buying dinar / US$ | —– |
| Amount sold at auction price (US$) | 244,200,028 |
| Amount purchased at Auction price (US$) | —– |
| Total offers for buying (US$) | 244,200,028 |
| Total offers for selling (US$) | —– |
More: http://dinarupdates.com/blog/
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Kaperoni – Article quote: “…the Cabinet’s decision to vote on the draft anti-money laundering law submitted by the central bank, which was put on according to the latest international standards and agreements and coordinate directly with the World Bank and the Financial Action Task Force and international organizations…” I don’t believe I have seen it in writing in the IMF Article IV Consultations, but I would expect that such law would be a requirement also prior to acceptance to Article VIII. It has already been stated by a few, this is no slam dunk. To many corrupt Iraqis would prefer to keep stealing over the passage of this. It will be interesting to see how it is received in parliament.
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Millionday – [do we know if Baghdad had the Q Cards loaded yet?] THIS WEEK ALL ELECTRONIC EQUIPMENT WAS DELIVERED…NO NEWS ON THE CARDS BEING LOADED YET THAT I HAVE SEEN IN INK.
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Kaperoni – I will just say this when it comes to a LOP. A redenomination is a last resort, it is a sign of failed economic and monetary policy. Iraq though in tough times, has not failed. …most of the worlds currencies float and Iraq will also when the time is right.
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wmawhite – …do you remember all of those “trade agreements” that Iraq has been signing over the past couple of years? Those trade agreements are with countries…and those countries are similar to customers to Iraq and Iraq is similar to a customer to those countries. So think…trade…with over twenty (20) different countries that have different currencies. When Iraq introduces the IQD to the world currencies markets, these are some of the first countries that will start conducting international commerce with Iraq and the Iraqi Dinar.
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Millionday – [Have you found anything on the credit rating for Iraq on July 7th AND do you have to have a revalue IYO before the credit rating?] …ALL I FOUND WAS A MEETING ON THE 7TH. I DONT THINK THEY HAVE TO REVALUE BEFORE THE CREDIT RATING BUT I WOULD THINK THE REFORM PLANS AND REVENUE EXPECTATIONS ETC WOULD BE RELEASED FOR THE RATING THOUGH OR AT LEAST THE SCHEDULE TO PAY ALL DEBTS.
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Frank26 – [Is Iraq’s credit rating still a go for July 7th?] iMO…They have it…We public Joe does not yet. Based on BONDS INTEL. We see international not domestic bonds. [I think EID would be a great time for the Iraqi citizens to receive their share of the oil revenue!] Was asked Monday if i feel 2015 is our year. Don’t know…But do know this is the FIRST time we see the HCL in its full statuesque form on the operating table…THE FIRST YEAR EVER!
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Millionday Round Table Chat (mid-day) 7-03-15
Thanks to DinarRecaps.com for posting Round Table with Millionday!!
Millionday: The Central Bank of Iraq (CBI) has been attempting to delete three zeros from the Iraqi currency since 2003. This project has raised many concerns among the Iraqi public and within the business community, and Iraqi economists are divided…
…Haider al-Abadi, the head of the Iraqi parliamentary Finance Committee, told Al-Monitor that while deleting zeros from the current currency is possible, this has been postponed until after parliamentary elections. He noted that studies are being carried out to ensure that, following the currency change, counterfeiting is limited and that Iraqis don’t go back to trading in the old currency.
Millionday: NOTE –THIS WAS SENT TO ME BUT
Millionday: HAS BEEN REPRINTED SINCE THEY HAVE BEEN REPORTING THE COINS (METAL)
Millionday: The step to delete zeros from the currency has been postponed several times, leading the parliamentary Economic Committee to demand that the CBI accelerate this project, as Al-Sharqiya reported. In a news conference held July 6, the Economic Committee confirmed that the deletion of zeros will lead to an increase in the value of the Iraqi dinar and will have positive repercussions, including a reduction in unemployment and poverty rates in the country.
jtank: is it postponed or not?
Millionday: THIS AN EXACT REPORT THAT WAS PRINTED LAST YEAR SO VERY ODD WITH ALL OF THE DEMANDS WE HAVE SEEN
Millionday: SO AS WE CAN SEE THEY HAVE REPRINTED THIS ONE MORE TIME —
http://www.dinarupdates.com/showthread.php?15699-7-3-2015-Round-Table
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tman23 – The bonds are considered “investment grants” from third parties…….it reframes the value of the currency indirectly supporting the national currency, and when structuring currency returned it reduces inflation Iraq “……… The BOND is necessary…. not for liquidity issues only……. the 5 billion or 11 billion does not fill the gap……Quite frankly the GOI can burn through 5 billion in 6 -8 weeks just to meet monthly obligations…….remember that this is ALL while still in “austerity mode” which is 50% of what they should be paying, IT SOLVES NOTHING !!……….. The Bonds are a SIGN that they are restructuring monetary and a precursor to the change……. The amount from 5 billion to 11 billion may just be a sign that the KRG is signed on to the program…. We will certainly know the fate in 12 days…….
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Friday Morning Dinar Updates Chat…
BGG: It is my strong belief something has to happen soon. There is a lot of stuff going on over the next 10-15 days…. the 50 class note, Maliki, trials, $$ shortages – very, very exciting times. I have been so careful as to not be “offending” those who are angered by any stirring of “hope or expectations”… at this point – I just don’t care what they think ANYMORE.
I have said all along – Iraq is (currently) more likely to be forced into some kind of currency reform / MR – whereas before it was more a “planned event”… exciting times. Do I care what the number?? Or exactly when?? No, I do not – just get things going already!!
Savannah: Amen BGG!!
Read More: http://www.dinarupdates.com/blog/
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BGG – now for the good news – they have regained their senses and restarted the auctions…which – in the short term – is better for everyone. Using USD to attract IQD on the cheap is a good way to go.
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Chattels – Article quote: “Iraq’s autonomous Kurdistan Regional Government (KRG) is backing away from its troubled oil export and revenue sharing agreement with Baghdad, by allocating much more of its oil production to autonomous sales and seeking to renegotiate its fiscal relationship with Baghdad.” CONTRARY TO CERTAIN COMMENTARIES…THE KURDS HAVE NOT BEEN AND ARE NOT HAPPY…
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Kaperoni – One thing is for sure, if oil revenues remain low, they cannot afford to liberalize the foreign exchange selling dollars for a continued period, the auctions are getting too big… The end result will be more patchwork and tricks. I know many ask the question..why don’t they simply raise the value or begin currency reform as a solution? The answer is simple…Iraq is not ready yet…they need to pass laws, stabilize the environment, bring investment and investors, to create an environment that allows the dinar to rise as a means to offset inflationary pressure created by the transition to a market economy. This all works together, and for the success of the currency, the stage has to be set. As Dr. Bakri said, Article VIII will come after the reform…which puts even more pressure on Iraq to get this done since Article VIII is also very necessary to allow freedom of movement of capital (convertibility worldwide).
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Tune in for Round Table Chat w/Millionday @ 1:00PM EST – today (7/03) in the DU Chat Room!!
Read More: http://www.dinarupdates.com/
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Aggiedad77 – Article “Parliament’s legal (et): next week will hold consultations between the three blocs to pass important laws” This is a sign of some positive action that could be coming up next week within Parliament….plans by the Legal Committee to get a couple of these more important laws pushed to the forefront of the Parliament agenda hopefully….the National Guard Law, the Federal Court Law, and the Law of Parties….apparently these are close to a vote and are believed to be doable in the very near future.
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Kaperoni – IMO, Currency reform needs to happen as soon as possible. Then they can comply with the IMF and get into Article VIII so the dinar is convertible.
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Stryker – It sure looks like a new 50,000 dinar note will be introduced this month to the existing 3 zero categories. Not what we want to see but it is what it is, and this process is a very time concerning and the timing in launching it is vital to it’s success. In other news the Central Bank is calling for parliament to speed up the Anti-Money Laundering Law so they can recover all the looted funds that have been removed and frozen all over the world. Also, the CBI is just waiting on Iraq’s credit rating to come out so they can launch the offering of international bonds. In the meantime the domestic bonds will be launched this month if all goes well. Things may not seem to be going well but they are, success takes time…
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Three presidencies agree on the formation of a committee to follow up the national reconciliation and a commitment to the political agreement
Long-Presse / Baghdad It agreed three presidencies, on Thursday, to form a committee represented to follow up the subject of national reconciliation and procedures related to them, and with drew to a need to adhere to paragraphs political agreement and address Allkaat developments in the implementation, Vice President Osama Nujaifi stressed the need to protect civilians in Fallujah and Ramadi before Armageddon and launch National Police and the salaries of the crowd in Mosul…
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BGG – [now they are talking about the laws that need to get passed and just last week they were talking about the three presidents getting together and passing them by themself, what happened to that idea?] there is plenty of reference to the 3 presidents getting together… this is no secret. They are even talking about cooperation to advance various “laws”… what may be in question is exactly how they intend to do this – AND keep in mind, this is Iraq, it might not be completely out of the question they resort to some “extra-constitutional” method – especially if agreed to by a majority. However, having said as much I have been plain for a long time – we don’t need an HCL (they have one) and we don’t technically need more laws…IMHO will the 3 presidents concoct some form of a “parliament over-ride” – I highly doubt it… will they come to some mutual agreement – more than likely. The bigger issue – they had better do it quickly. Iraq is plainly headed to a dire state of austerity.
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Aggiedad77 – Article “Interior announces the arrival of the first shipments of crude national card” Are we being provided with hints of the HCL to come…are these cards the precursor of how the citizens portion will be loaded and provided to them in an automatic and “e” function type of manner…wouldn’t that just be the icing on the cake, maybe the cherry atop the ice cream…keep an eye on this process and see what it brings to the Iraqis.
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tman23 – [I want to know who “Keywords is”! They NEVER give a name…only KEYWORDS?] Governor of the CBI is “Keywords”… Minister of Oil is “Keywords”… Minister of Electricity is “Keywords”… The HIGHEST in office is the “Keyword”…everyone else speaking below them is not considered “Key”… Still confused? The person who has the authority is ‘Keyword”. Think of “Keywords” being replaced by “official statement”.
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Money Laundering Act avoids serious damage to Iraq
BAGHDAD – Al-Sabah – described the head of the Iraqi private banks association meek Handal money laundering law as the best way to enhance the confidence of international monetary institutions and banks the global banking sector, the Iraqi foreign dealings with Arab and international banks.
The bitter melon in a statement singled out by the (morning): The importance of this law stems from the supplied spammers and judgments that enable the judiciary and the central bank and the relevant authorities of the use of appropriate tools to combat money laundering and terrorism financing.
He said Handal’s keenness all member banks in the Iraqi private banks association fully commit to the law, if approved, to the subject of the importance and the impact of direct to the economy and society, especially in light of the circumstances in the country, referring to banks close cooperation with the Central Bank’s intention for the success of his efforts in achieving the objectives of this law.
He Handal to the need to speed up the approval to spare Iraq of sanctions resulting from the lack of such a law and of the development of the country on the black list that harm the reputation of Iraq and its economy…
http://www.dinarupdates.com/showthread.php?15693-The-Dinar-Daily-Thursday-July-2-2015&p=120512&viewfull=1#post120512
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Millionday – Article quote: “…the adoption of the Council of Ministers to the law of money laundering will give a global trust for private banks…” THE COUNCIL APPROVED…THE LAW OF MONEY LAUNDERING — THIS ADS CONFIDENCE IN THEIR BANKING INDUSTRY GLOBALLY AND WILL KEEP THEM OFF THE INTERNATIONAL “BLACK LIST”. SO THE PASSING OF THIS IN THIS PARLIAMENT SESSION OF COURSE WILL BE GREAT NEWS AND HELP IRAQ IN THE GROWTH OF NOT ONLY THEIR BUSINESS BUT ALSO WILL GIVE WORLD CONFIDENCE.
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My Ladies – […if Iraq gets credit rating on July 7th does that not mean simultaneous international rate?] WELL…HERE’S THE THING…IF IRAQ GETS A CREDIT RATING FROM THE MAJOR REPORTING AGENCIES WITH OUT HAVING A CURRENCY THEY WILL BE THE FIRST I HISTORY TO DO SO. NOW THIS WEEK WE ARE WATCHING AN AWFUL LOT OF FIRSTS…I JUST HOPE THAT IS NOT ONE OF THEM.
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BGG Notes: The CBI might buy the 5 Billion of domestic bonds… some kind of “insider deal” – but they will need more than big promises to get international investors to pony up that kind of cash (an extra 6 Billion). Looks more and more like the US and others are SERIOUSLY insistent of reconciliation before they hand over big support.
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Najib: The Central Bank will be put through this month, category 50 thousand dinars
BAGHDAD / Baghdadi News / .. MP announced the parliamentary Economic Committee Najiba Najib, Thursday, that the 50 thousand dinars category will go on the market this month.
Najib said in a statement to / Baghdadi News / “The central bank will present the new category of coin 50 thousand dinars on the market during the month, after it was completed all their own actions.”
She added that “there is another category, which is 100 000 dinars will go after the launch of the 50 thousand dinars category, while the special measures for the completion of that category, and make sure their advantages and disadvantages.”…
http://www.dinarupdates.com/showthread.php?15693-The-Dinar-Daily-Thursday-July-2-2015&p=120515&viewfull=1#post120515
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Enorrste – Having said that, however, I believe that the CBI may have some other cards up their sleeves, although not many. A lot is riding on the large note introduction. It is essential in the mind of the CBI that the downward pressure caused by dollarization in Iraq be stopped, at least, before a change in the exchange rate regime is initiated. …Allaq’s statements indicates that he may believe that he can still stabilize the dinar’s value through the auctions, as was done before. Once the currency value is stabilized then, in theory, they could move to a float. But the real desire, in my view, is to put upward pressure on the dinar, and the “hope” is that the introduction of the large notes will start that process away from the dollar. In the end, as KAP [Guru Kaperoni] has said many times, only investment within Iraq will ultimately provide the upward pressure that will significantly raise the dinar value. But at this point they have to stop the “bleeding” of the downward spiral in the dinar and the “running away” from it in favor of the dollar. It is a tricky time. [post 2 of 2]
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tman23 – This is an earlier statement by Saleh…….. As an economic advisor to the prime minister called for the appearance of Mohammed Saleh to the need to print large coins for circulation in the market, considering it of health phenomena and noting that Iraq is in the monarchy printed currency 100 dinars worth the time, “as there are coin 500 euros, equivalent to more than 600 US. “Saleh also said he “was supposed to delete the zeros from the currency, a project has been prepared in advance and prepared the floor, however, many reasons led to the postponement of an unknown time,” pointing to “the need to reduce turnover in Iraq since the deal today talking about trillions while strive to be trading billions. ” TAKE NOTE THAT HE SAID “PROJECT PREPARED IN ADVANCE”…….LIKE YEARS AGO !! AND NOTE THAT THE DEAL TODAY (50,000) NOTE IS DEALING IN TRILLIONS……..WHY ??? THEY ARE STRIVING TO DEAL IN BILLIONS…….REMOVE 3 ZEROS !!!!
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Enorrste – The plan, as I understand it, is to issue the large 50000 and 100000 notes in order to do two things: reduce the demand for the dollar within Iraq and allow for a reduction in the money supply. If the first does not happen, then the second cannot happen. Without a reduction in the money supply the value of the dinar will not rise. Actually, to put it more accurately, unless there is upward pressure on the dinar value the money supply cannot be reduced. Therefore, if the introduction of the large notes does not stem the demand for dollars then there will be no way to wean the country off of dollars and back to the dinar. Without more upward pressure on the dinar, the longer term plan is in jeopardy. [post 1 of 2…]
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Iraq to Issue Bonds in August
According to a report from TR Zawya, Iraq is planning to issue a total of $11 billion (13 trillion Iraqi dinars) in bonds in the next two months to cover the state budget deficit.
Acting central bank governor Ali Al-Allaq told the news agency that the government would issue around $5 billion in domestic bonds next month and around $6 billion in international bonds by the middle of August…
Read More: http://www.dinarupdates.com/blog/
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Millionday – TWENTY LAWS ARE SITTING WAITING FOR PARLIAMENT TO PASS RIGHT NOW — REPORTEDLY THEY WILL ADDRESS THE MOST IMPORTANT LAWS FIRST… PARLIAMENT HAS STATED THAT THEY ARE PREPARED SERIOUSLY TO PASS THESE LAWS. FINALLY A PREPARED HCL IS IN PARLIAMENT AND THE AMENDMENTS COMPLETE. THEY HAVE STATED IN A FEW REPORTS THAT IF THE LAWS ARE CONSTITUTIONALLY SOUND THEY ARE GOING BE PASSED. MANY LAWS ARE SITTING SO ALL CAN BE PUT IN PLACE AT THE SAME TIME.
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Poppy3 – STANDING ON NEW RATE THIS MONTH…JUDGING FROM THEIR WORDS AND ACTIONS WE ARE LOOKING VERY GOOD THIS MONTH.
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tman23 – In 2011, Dr. Essawi (Finance Minister) and Dr. Shabibi drafted a Letter of Intent to the IMF… In this letter they described the policies to be initiated in which the major focal point was meters being installed at all oil production and export stations…This was near completion at the time of the LOI as stated in the letter…The Kurd region agreed to the monitoring meters in February 2014…The meters began “LIVE” reporting January 2015… The IMF regarding currency policy changes and revaluing… The IMF states; Specific laws DO NOT need to be in place… as long as they are in the process… That said; The CoM has drafted the laws…The Minister of Justice has reviewed and published them in 3 languages…The CoM has sent them to Jabouri and he has introduced them in Parliament… By IMF standards…The laws being in Parliament and in progress is good enough for a rate change… The oil meters are in place…electronically read!
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Millionday News Time Chat 7-01-15
Thanks to DinarRecaps.com for posting News Time with Millionday!!
Millionday: THE TITLE GRABBED MY ATTENTION>>>RV is Essential to Finance the Budget
Millionday: A seminar held to discuss the progress of the development policies and it was attended by the Governor of Iraqi Central Bank, large number of economists, officials, businessmen, academics and institutions. They discussed the reasons behind the recent crisis, low value of Iraqi dinar against the U.S dollar and its effects on the economy of Iraq. Mehdi Al Hafez said that the prices are stabilizing in the country, the Iraqi Central Bank has taken some major and important measures that limited the provocation of these crisis, so the Iraqi dinar returning to its previous position. The Iraqi Central Bank is also focusing on executing development projects with a handsome support of billion dollars in the form of loans for small and medium size projects.
Millionday: NOTE –THIS IS A HUGE SEMINAR AND THE STABILIZING OF THE ECONOMY — IT IS IMPACTED BY (IF YOU DID NOT KNOW) A LOW VALUE ON THEIR CURRENCY
Millionday: The Governor of the Iraqi Central Bank said that we are focusing on our monetary policy, especially the process of selling the U.S dollars which is most important for Central Bank and for other banks, although buying and selling of foreign currencies is not their business process, but it is related to Central Bank’s monetary policy and to achieve the economic stability for the country. He also added that a sale of U.S dollars contributes financing in the Iraqi commercial sector. It is also said that more than 70 percent of the U.S dollar sales used to cover the imports. He said that there is not any problem regarding shortage of U.S dollars but the lack of coordination and cooperation which resulted shortage in the local revenues and created problems to convert U.S dollars into Iraqi dinars, so the Iraqi Central Bank interested in selling more U.S dollars in its daily sales auction.
Millionday: SO AS WE SEE HERE — THE GOAL IS TO IMPLEMENT THE MONETARY POLICY FOR ALL OF IRAQ AND INVESTORS —
Millionday: MANY HAVE BEEN CONFUSED OVER THE RECENT SALE OF US DOLLAR — IT IS SIMPLY AN ECONOMIC TOOL DUE TO THE RESULT NEED…
http://www.dinarupdates.com/showthread.php?15692-Millionday-news-7-1-15
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tlm724 – Article: “Abadi adviser: financial crisis a lesson for Iraq for the advancement of its economy and diversify sources of income” Saleh said Tuesday that the government is seeking to diversify the investment of oil revenues to develop some types of manufacturing, agricultural and service sectors. “Iraq is heading to the manufacturing, agriculture and services produced and not rely on oil.” that would be a free market economy.
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Millionday – TODAY IS FIRST DAY OF PARLIAMENT SESSION. THE IMPORTANT LAWS THAT COULD NOT BE AGREED ON ARE BEING PASSED THROUGH BY EXECUTIVE ORDER (THREE PRESIDENTS) ACCORDING TO REPORTS AND PARLIAMENT IS WORKING ON THE REST THIS WEEK. THE INVESTMENT LAWS WERE AGREED ON SO PARLIAMENT IS EXPECTED ACCORDING TO REPORTS TO FINISH THEM TO LAW. THE AMENDMENTS THAT WERE DONE WERE TO ATTRACT AS MANY INVESTORS AS THEY COULD.
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Enorrste – Article: “Parliamentary economy reveal the 50 thousand dinars coin put into the market this month” This is great news. It confirms my analysis, on the one hand, including the fact that they are moving forward more quickly. But it also puts to death the talk of a 50000 note marked 50 dinars, which will not occur until the value increases significantly. If we are lucky the 50000 note will become more attractive to the locals and the demand for the dollar will be assuaged. To the extent that this happens I predict that the 100000 note will be stepped up to no later than the 3rd quarter of this year. If, on the other hand, the 50000 note does not lower demand for the dollar, then all bets are off.
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Mnt. Goat – So Ramadan is now in progress… Ramadan continues to July 17th in Iraq and it will have little impact as to whether the RV happens or not. Two other events having little to no impact on the RV are the Iranian nuclear negotiations and the Greece bailout. So it has been many weeks already since the MASTERCARD implementation has taken place for Iraq. Many are using the cards abroad for spending but still NO RV. I have told you there would be NO IMPACT on the RV. If you are now going to ask me for a laundry list of exactly what must be done in order to complete the RV requirements I am sorry to disappoint you. There is no such list. No one is monitoring these events in relation to bringing back their currency online and completing Article 8 of the UN charter. Instead it is all about a satisfactory level of needed security and stability in Iraq. The RV will just happen and be a byproduct.
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Kaperoni – Article: “Parliamentary economy reveal the 50 thousand dinars coin put into the market this month” Looks to me they are speeding up the implementation. I remember [Guru] Enorrste on several occasions also stating he thought they would implement it sooner than later.
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tlm724 – Article quote: “noting that” the World Bank warned of the repercussions of the washing process taking place in Iraq, and the failure of the extremely dangerous.” they have been warned and how! it is about to bite them in the butt unless they take quick action! ...it’s in everyones best interest, the IMF, World Bank and UN to ensure Iraq follows the rules, that is why this is like a kick in the rear to motivate them to take corrective action NOW! It’s truly a do or die situation and it only furthers our cause. they MUST pass the Islamic Banking Law and amend the anti-money laundering law and the banking law period! They are a separate entities from the budget! And remember the Governor of the CBI meet with Jubouri last week and said we must have these laws done! They have a 3 month window for compliance and we do not know when that window began!
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Millionday Round Table Chat (mid-day) 7-01-15
Thanks to DinarRecaps.com for posting Round Table with Millionday!!
Millionday: Finance Minister Hoshyar Zebari, Wednesday, that the government will take a series of reform measures of the economy in the number of facilities to avoid wastage and the rationalization of expenditure.
Millionday: NOTE — REFORMS OF FINANCIAL EXPENDITURES —
Millionday: According to a statement of financial received “eye Iraq News,” a copy of it, that “Zebari met today with a delegation from the Central Bank and the Iraq Programme Director Robert existence and the World Bank team of experts and specialists in the economy and implementation of development programs to provide a loan to Iraq for humanitarian and development aid proposed.”
Millionday: NOTE — ECONOMIC REFORMS — CBI-WORLD BANK–SPECIALISTS-ETC ALL FOR IMPLEMENTATION OF DEVELOPMENT—–WHOOOOPOW
~~~
http://www.dinarupdates.com/showthread.php?15690-Millionday-Roundtable-7-1-15
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tlm724 – Article quote: “noting that” the World Bank warned of the repercussions of the washing process taking place in Iraq, and the failure of the extremely dangerous.” they have been warned and how! it is about to bite them in the butt unless they take quick action! ...it’s in everyones best interest, the IMF, World Bank and UN to ensure Iraq follows the rules, that is why this is like a kick in the rear to motivate them to take corrective action NOW! It’s truly a do or die situation and it only furthers our cause. they MUST pass the Islamic Banking Law and amend the anti-money laundering law and the banking law period! They are a separate entities from the budget! And remember the Governor of the CBI meet with Jubouri last week and said we must have these laws done! They have a 3 month window for compliance and we do not know when that window began!
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Kaperoni – Article quote: “The Iraqi government is planning to issue a total of USD 11 billion in domestic and international bonds in the next two months to cover the state budget deficit, the acting central bank governor said.” Looks like all the bonds are issued in dollars. We will have to see if anyone is interested.
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Frank26 – Try not to predict …Anticipate nor guesstimate anything in this MR. Simply carefully analyze and comprehend what Is Given.
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Check out the Dinar Corp 120+Max – it’s EQUITY!!
Commercial Solicitation
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Millionday – Article quote: “According to an Interior Ministry statement he received “eye Iraq News,” that the meeting discuss the mechanics and the stages of completion and the progress of work in the card project, which will hopefully soon after its launch created a cadre of national card Affairs final preparations for it.” THIS IS ABOUT THE MASTER CARD — IT IS TALKING ABOUT THE FINAL PREPARATIONS FOR ITS COMPLETION. THEY USED THE CARD IN TESTING AND IT WORKED INTERNATIONALLY. THEY HAVE THE FIRST ARRIVAL OF THE EQUIPMENT TO USE THE NATIONAL CARDS IN IRAQ BUSINESSES AND ALSO TO TRAIN…THIS IS GREAT NEWS.
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Chattels – [I could sure use some of the dinar at a 1 – 1 right now…NOW I want date and amount.] 1:1 would be a historic revaluation…10 cents would be a great return. Godspeed the completion of the Iraqi banking sector reform project.
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Poppy3 – I AM EXPECTING THE RATE CHANGE BEFORE THE END OF THIS MONTH…MEANING JULY… JUST JUDGING FROM…ACTIONS WE ARE SEEING ON WHAT THEY HAVE BEEN SAYING. …IF THEY CONTINUE WITH ACTIONS AS THEY HAVE BEEN THE POSSIBILITIES LOOK PROMISING IN THIS NEXT 30 DAYS.
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tman23 – Regarding Maliki and his cronies……… Recall Hakim’s public announcement…….A STORM IS COMING…….and he asked for all politicians to keep quiet and refrain from media outbursts……The only “criers” in media seem to be those affiliated with Maliki…and they are threatening other parties with physical harm……. Maliki has the popular crowd backing…… The trial for some begins July 8th……Quite ODD to begin during Ramadan……. Timing is everything…….and how do you win the support of the citizens, who quite frankly are beaten down ??
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firefly – Stop looking for a date. WATCH what they are doing. Things are HOT, HOT, HOT.
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tman23 – Never took it as challenging……. Not only is Iraq in a monetary mess and seeking bailouts……… Take note that Greece has an issue that carries over to the Euro and the condition of Europe as a whole…..Even the POTUS made a statement on the European economy and how it’s failed future progress would hit the US hard…..Then Puerto Rico is in BIG trouble…….. The world economies are defaulting…… The POINT IS…….Japan and other such countries can not afford to continue to loan Iraq 1 billion dollars….They can not afford to keep supporting war efforts at a cost of 10 million per day to the US and have no action on Iraq’s part……. Our national debt has been frozen for 16 weeks now……NOT MOVED…….. There was more then one reason for June being the “end of the road”……… See the news !! If IQD is what we speculate it to be…….. WE ARE IN A GOOD SPOT !!
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Millionday – Article quote: “The leader of the Iraqi National Alliance that «Abadi has long complained of Maliki interventions and influence in the government and in the security file being Maliki still has influence in the security services…” [… so M is out, if so does this open the doors for the 3 pres. to get things a moving?] ACTUALLY THEY ARE MEETING THIS WEEK TO USE THEIR EXECUTIVE POWERS TO MOVE FORWARD THE IMPORTANT LAWS THAT HAVE BEEN POLITICALLY STALLED
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Cabinet approves draft law of terrorism financing
(IraqiNews.com) Baghdad – Iraqi Council of Ministers approved on Tuesday the draft law of anti-money laundering and the financing of “terrorism”.
Abadi’ office said in a statement followed by IraqiNews.com: “The Council of Ministers held today its regular session number 45 headed by Prime Minister Haider al-Abadi.”
Abadi’s office added, “The Council approved the draft law of anti-money laundering, and the financing of terrorism,” noting that, “this project is of great importance for his role in drying the sources of terrorism and to respond to international trends in this respect.”
Iraq Solidarity News @iraqsolidarity 2h2 hours ago
Cabinet approves draft law of terrorism financing http://bit.ly/1Juczd8 #iraq #iraqi #news
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tlm724 – Article: “Prime Minister Dr. Haidar al-Abbadi heads the regular session of the Council of Ministers” The Council of Ministers approved a draft anti-money laundering law…now we’re talking. this along with the second reading of the Islamic Banking Law on the 2nd makes me very happy!
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Millionday – Article quote: “Topped the economic headlines of newspapers on Monday, calls for legislation Islamic banking law and the achievement of the Islamic National Bank…” THE CALL FOR LEGISLATION FOR THE ISLAMIC BANKING WE KNEW WAS DECIDED UPON ACCORDING TO REPORTS RELEASED/PRESS STATEMENTS. THE LEGISLATION WAS CALLED FOR YESTERDAY TO BE OUT IN PLACE SO THEY CAN MOVE FORWARD WITH THE TRANSITION OF A MARKET ECONOMY WHICH IS CALLED FOR IN THEIR CONSTITUTION. THIS SURE LOOKS AS IF EVERYONE IS WORKING EVERYWHERE — VERY EXCITING. THE NEXT PARLIAMENT SESSION BEGINS WED.
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Aggiedad77 – Article “Twenty legally bag in front of the parliament in the second legislative year” New legislative year opening up…but some old laws still are laying on the table….National Guard Law, Amnesty Law, Political Parties Law, Investment Law amendments, and the granddaddy…oil and gas law…where will they all end up in the shuffle of things…the roulette table turns and turns.
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Iraqi Dinar/Dollar auction 07-01-15
Currency Auctions Announcement No. (2986 – the most recent listing)
This daily currency auction was held in the Central Bank of Iraq on the 07-01-2015
The results were as follows:
| DETAILS | NOTES |
| Number of banks | 25 |
| Number of remittance companies | 7 |
| Auction price selling dinar / US$ | 1166 |
| Auction price buying dinar / US$ | —– |
| Amount sold at auction price (US$) | 246,413,346 |
| Amount purchased at Auction price (US$) | —– |
| Total offers for buying (US$) | 246,413,346 |
| Total offers for selling (US$) | —– |
More: http://dinarupdates.com/blog/
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tlm724 – “The agenda of the [Parliament] session number (2) Thursday 2 July 2015: Sixth: The second reading of the draft Islamic Banking Act. ( Finance Committee , the Committee of Religious Endowments and Religious Affairs , the Legal Committee ), (16 articles).” so we have the second reading of the Islamic Banking Act and meetings back to back! one session on the 1st and one on the 2nd. *hallelujah*.
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Aggiedad77 – The news is full of good information IMO…economic recovery action, word of IMF loans, bonds both domestic and international…that has to mean a decent credit rating in the works I would think… strong work by the COM on a draft money-laundering law…turn this loose on Parliament ASAP.
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Millionday – Article Quote: “House Speaker Salim al-Jubouri detect the resumption of the three presidencies meeting next week…the meeting will engage the head of the Supreme Judicial Council to turn the meeting the name of the three presidencies to the three powers’, adding that’ meeting will focus on finding consensus on certain paragraphs of broken laws because of political differences.” THE THREE PRESIDENTS HAVE THAT RIGHT — SO THEY WILL BE ADDRESSING THE IMPORTANT LAWS THIS WEEK…THEY CAN PUSH THEM THROUGH…THIS IS GREAT NEWS. [so basically the 3 presidents don’t need to wait on parliament to vote the laws through?] THEY HAVE THE RIGHT TO USE EXECUTIVE ORDER FOR THE GOOD OF THE COUNTRY.
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CURRENCY CODE SELL BUY
US dollar USD 1166.000 1164.000
| CURRENCY | CODE | SELL | BUY |
| US dollar | USD | 1166.000 | 1164.000 |
| Euro | EUR | 1304.637 | 1303.985 |
| British pound | GBP | 1832.719 | 1831.802 |
| Canadian dollar | CAD | —- | —- |
| Swiss franc | CHF | 1253.494 | 1252.867 |
| Swedish krona | SEK | 141.524 | 141.453 |
| Norwegian krone | NOK | 148.406 | 148.332 |
| Danish krone | DKK | 174.876 | 174.788 |
| Japanese yen | JPY | 9.522 | 9.517 |
| Special Drawing Rights |
SDR | 1639.851 | 1639.031 |
Indicative rates – 07.01.2015
http://www.cbi.iq/
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Frank26 – […info about the BONDS was exciting because I know if they are selling them with a new rate it won’t be long before they will have to show the world.] The intel…The logic of The Bonds is re-assuring about DRS [Dr. Shabibi] MR [Monetary Reform] in progress. DRS is showing a commitment for July to show us many congruent steps. The Lava Flow is a long train running. The Bonds are a car of this train. Very close to…The Caboose.
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Millionday – Article quote: “Center Brief published import and export text instructions, approved by the Committee on Economic Affairs in the Council of Ministers.” IT IS THE ORDERS AND FORMAL INSTRUCTIONS FOR IMPORT/EXPORT FOR IRAQ — IN OTHER WORDS — GLOBAL TRADE. CBI SAYS THEY HAVE ALL MONEY READY AND ABADI HAS CALLED FOR ALL LEGISLATION TO BE PUT IN PLACE TO GO TO A MARKET ECONOMY IN INK. IMHO — WE ARE CLOSE.
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Poppy3 – INFORMATION IS TELLING US ALL THAT LIGHTNING IS ABOUT TO STRIKE. ABADI PROMISED PEOPLE WOULD START GETTING PAID AND TO JUST BEAR WITH HIM AND THE ADMINISTRATION TILL JUNE AND THINGS WOULD GREATLY IMPROVE. MORE BUYING POWER AND THE PEOPLE ESPECIALLY THE WIDOW AND WAR VETERANS THAT HAVE SACRIFICED. IN COMPLETING THESE OBLIGATION HE HAS TO COMPLETE REFORM AND THAT IS WHAT WILL GET US PAID AS WELL. ALL ARE GOING TO BENEFIT FROM THEIR EFFORTS SINCE HE HAS TAKEN OFFICE. BIG CHANGES ARE TAKING PLACE AS THE NEWS TELLS US. IF YOUR NOT EXCITED AND ON FIRE THEN YOUR WOOD MUST BE WET.
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Hub – [I will say this, up until 2010 Banks were selling the Dinar. Then out of nowhere they stopped and called it a scam. Interesting change of events…hmmmmmm.] the truth is it can not be a scam, it is Iraqi currency, it could be a fraud, but the whole of Iraq depends on this currency to operate their economy at some point, sooner than later.
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BGG – in fact, you can pretty much figure out how much they are taking off the streets by checking the numbers – and project it out a few days/weeks – they can pull TRILLIONS of Dinar out of circulation. That is a BIG MOVE. I have insisted (for a long time) Iraq had no more than 40 Trillion (EVER) in circulation. They have recently admitted as much… but if they were able to extract 10 Trillion over some short period of time – it could make a big difference – in fact, I doubt they have 25 Trillion surviving and in circulation. [post 2 of 2]
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Millionday – Article quote: “Dr. Sadeq al-Shammari during the annual meeting of the Islamic National Bank Islamic banks…noting that the bank was able to raise its capital to 251 billion dinars based on the directives of the Central Bank of Iraq.” IRAQ IS WORKING ON PLACING LEGISLATION THAT COMPLIMENTS THEIR PLANS OF REFORM…THIS IS THE MOVE TO THE ISLAMIC BANKING LAWS…INTERNATIONAL BANKING WILL BE THE ENTIRE CONCEPT OBVIOUSLY. THIS IS THE MEETING AND THE PLAN — NOW THEY HAVE CALLED FOR ALL OF THE LEGISLATION TO MOVE FORWARD WITH REFORMS. ALL REFORMS COMPLIMENT EACH OTHER SO ALL REFORMS WILL HAVE TO BE DONE AT ONCE. [if international banking is utilized would they have to have an international recognized currency?] THEY WOULD HAVE TO BE RECOGNIZED INTERNATIONALLY. [Sure smells of Basel 3 compliance to me!] I AGREE.
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Check out the Dinar Corp 120+Max – it’s EQUITY!!
Commercial Solicitation
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BGG – [can you explain why the auctions are so important now? why the high sales numbers have significance?] a number of ways – a number of times – they have tried to come up with a method to take as much of the 000 notes off the streets PRIOR to a shift in value… Obviously – to make it cheaper in the long run (for the CBI)…each time – only to be thwarted by some political agenda not common to ours (and the people). [so this is the CBI allowing these high volumes? to try to correct the situation?] recently – we have speculated – these large auctions are doing two things…1) helping to stabilize the current exchange rate…2) extracting the big notes out of circulation using USD to do it (instead of more expensive “post-RV” currency)… and there may be a significant side-benefit (removing some big notes)… [post 1 of 2….stay tuned]
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Hub – think of this, when Iraq opens all the construction, military, and other contracts they have in place, can they do it at 1166 figure. NO, their currency is not a tradable internationally accepted money at this time. Can you deal in dinar, no, we bought it through currency brokers, bankers, etc. but try to use it. you cant even take it to the bank and do anything with it. what does it need to go international? a value and to be recognized by the world. so all that to say this…i think all these articles and specially the two or three that say they need to value their money means we are right there.
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BGG – [If I were an Iraq citizen and my neighbor Kuwait was rich because their currency was at 4 and mine was at 1166, I would be throwing a fit by now. Cant the people and government see the huge disparity between the 2 countries and do they not realize the problem.] …there was word getting out of Baghdad over the last couple of weeks about demonstrations brewing over the exchange rate of the Dinar…they have been following this as we have. Maybe not as closely as we have – but – expecting something to happen…they are getting restless. In fact, this recent “weakening” of the Dinar nearly got something going Abadi couldn’t handle…
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Iraqi Dinar/Dollar auction 06-30-15
Currency Auctions Announcement No. (2985 – the most recent listing)
This daily currency auction was held in the Central Bank of Iraq on the 06-30-2015
The results were as follows:
| DETAILS | NOTES |
| Number of banks | 25 |
| Number of remittance companies | 6 |
| Auction price selling dinar / US$ | 1166 |
| Auction price buying dinar / US$ | —– |
| Amount sold at auction price (US$) | 245,738,928 |
| Amount purchased at Auction price (US$) | —– |
| Total offers for buying (US$) | 245,738,928 |
| Total offers for selling (US$) | —– |
More: https://dinarupdates.com/observer/
BGG Notes:
Another HUGE auction day – big auctions (currently) are good… just a couple of weeks ago we speculated they could make a big dent in their outstanding currency and take a lot of three zero notes out of circulation “on the cheap” using USD.
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Poppy3 – FOR THOSE WHOM DONT UNDERSTAND THE DIFFERENCE BETWEEN BEING BROKE OR BEING OUT OF MONEY. OUT OF OPERATIONAL MONEY IS IRAQ’S DESPERATION THEY ARE OUT OF OPERATIONAL CAPITAL ( CASH FLOW PROBLEM ) DOESNT MEAN THEY ARE BROKE WHEN IN FACT THEY ARE AND MAY BE THE RICHEST COUNTRY IN THE WORLD. ESPECIALLY FOR THEIR SIZE BUT THEY HAVE ASSETS TO BURN AND BELIEVE ME IN THEIR SITUATION TODAY THEY ARE BURNING MILLIONS A DAY WHILE TRYING TO COMPLETE ALL THE REQUIREMENTS THEY MUST MEET BEFORE THEY CAN GO GLOBAL. WHEN THEY COMPLETE THEIR REQUIREMENT LAID OUT BY THE IMF, WORLD BANK, UNITED NATIONS I ASSURE YOU WE WILL IMMEDIATELY WILL SEE A RATE.
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OOTW – [IF TARRIFS ROLE OUT AUG 1, DOESNT IRAQ NEED A RATE BETTER THAN 1166?] ALL I CAN SAY IS THAT IN THE “50/100K” ARTICLES QUOTING SALEH, HE SAID THAT THE RESERVES SUPPORT A “DOUBLE” ING OF VALUE OF THE DINAR..THE RESERVES SUPPORT THIS TWICE OVER…AND HE SAID THAT WE WOULD SEE THE VALUE OF THE DINAR “DOUBLE” TO OFF SET THE TARIFFS…WHAT REALLY WILL HAPPEN, I DONT KNOW. WE DON’T KNOW FOR SURE WHEN SALEH SAYS WE HAVE DOUBLE THE RESERVES TO BACK THE CURRENCY HOW / IF THAT WILL APPLY TO A RATE…
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Enorrste – [You… have spoken before about how large investors will possibly get on board once they see it beginning to trend. So do we picture them as providing the momentum to keep it pushing higher?] I personally believe that once the exchange rate regime is changed to a free float mechanism that there will be significant interest from the financial community in the dinar. At this point it is not tradable on Forex or any other electronic media. But once it becomes internationally tradable then speculators will begin to look at it . When they do so they will see that the reserves of Iraq are huge in relation to the value of the money supply. Then, just as they would buy up an undervalued stock, they will begin to buy up an undervalued currency. One thing will lead to another as the ticker begins to move upward, and interest will grow and grow until it overwhelms the system. That is how I see it.
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Sunday Afternoon Dinar Call!!
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Poppy3 – GREECE NOT HOLDING ANYTHING IN IRAQ UP PERIOD…
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Already Blessed – [We definitely don’t know for sure if the Greece situation affects in anyway the RV…] OUR INFORMATION IS THAT GREECE IS DEFINITELY AFFECTING THE RV BEING RELEASED TO THE PUBLIC AS IT WOULD BE A FIASCO IF GREECE DEFAULTS AT THE SAME TIME. I DON’T KNOW THE PLAN FOR RV IF GREECE DEFAULTS.
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Millionday – JULY 1ST — FIRST SESSION FOR IMPORTANT LAW — IMF MEETING ON IRAQ`S MONEY—JULY IS THE HUGE HUGE SHOPPING INTERNATIONAL MEETING — HUGE [Do you still think they have a date they are committed to to get this done?] I THINK THEY HAVE HAD A DATE FOR THE WHOLE TIME — WE JUST DONT KNOW WHAT IT IS SO WE WATCH WHAT THEY DO IN INK…WHO MAKES A PLAN OF CHANGE LIKE THIS WITH NO DATE?
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My Ladies – I WANT TO BE CLEAR THAT WE ARE IN NO WAY DRAWING A STRAIGHT LINE FROM GREECE OR IRAN TO IRAQ AND THE DINAR. WE DO NOT THINK THAT GREECE OR IRAN IS HOLDING UP THE TRADING OF THE DINAR. WE KNOW THAT A NEW BANKING SYSTEM IS COMING IN, WE KNOW THAT THE SDR MODEL IS COMING TO PASS, AND WE KNOW THAT WITH ALL THE CHANGES THAT ARE HAPPENING THAT IRAQ WILL HAVE TO CHANGE TOO. IRAQ WILL BE REACTIONARY TO THE ENTIRE BANKING SYSTEM AND IMF MONETARY REFORMS. AND THEY WILL REACT REGARDLESS OF WHAT IS GOING ON IN THE COUNTRY WHEN THE TIME COMES.
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Iraqi Dinar/Dollar auction 06-29-15
Currency Auctions Announcement No. (2984 – the most recent listing)
This daily currency auction was held in the Central Bank of Iraq on the 06-29-2015
The results were as follows:
| DETAILS | NOTES |
| Number of banks | 22 |
| Number of remittance companies | 2 |
| Auction price selling dinar / US$ | 1166 |
| Auction price buying dinar / US$ | —– |
| Amount sold at auction price (US$) | 290,914,740 |
| Amount purchased at Auction price (US$) | —– |
| Total offers for buying (US$) | 290,914,740 |
| Total offers for selling (US$) | —– |
More: https://dinarupdates.com/observer/
BGG Notes:
Another HUGE auction day – big auctions (currently) are good… just a couple of weeks ago we speculated they could make a big dent in their outstanding currency and take a lot of three zero notes out of circulation “on the cheap” using USD.
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Mnt Goat – …there is another version of HCL too that Kurdistan needs implemented. It is mainly to address the sale of independent oil from Kurdistan to other countries beyond the Badgdad quotas set by the government to meet their budget requirements. This is an ongoing issue with the Kurds and they need this resolved. Could this hold up the payments of the oil revenues to the citizens? Sure it can and may be the reason why they have not yet paid them. Could this hold up the RV? Sure it can since the USA wants good faith and must see these payments happen before they feel HCL is fully implemented. [post 2 of 2]
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Aggiedad77 – Article: “Economic adviser to the servants, the central bank must find a realistic price for the price of the dinar exchange Intasp with oil prices” I so enjoy reading things when Dr.S [Dr. Shabibi] and Dr. Saleh appear to be doing things in tandem…a coordinated effort of sorts it would seem…let them crow because they know what is coming…aligning the price of the dinar with oil, maintaining stability to ensure a smooth progression of the MR [Monetary Reform]. They understand what it will take to fully see the original dream for this currency to once again thrive. The politicians have not a clue to its true inner workings and thus need to stand clear and watch and be amazed at the end result for Iraq and the world.
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Mnt Goat – I want to talk about these…international MasterCard transactions once again that seem to be the basis for the RV from some…don’t expect any RV even if these MC cards go live internationally. The Mastercards are tied to FIXED rates in a database. These rates are for government programs and FIXED rates and not tied to the floating currency exchanges in any way or fashion… these MASTERCARD events are for the SMART cards and not the “National” Cards. The “National” cards are NOT for these government programs such as retirement, salaries, pensions, food program, etc. The “National” cards are mainly for the oil revenues distribution sharing to the citizens. YES – if you are thinking HCL you are correct. Remember these payments were supposed to begin in a June – July timeframe. They fully plan to execute their plan on time to distribute these funds…they have the full month of July yet to make good on their promise to the people. I fully expect this event to happen and hear news of it very soon. [post 1 of 2….stay tuned]
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CURRENCY CODE SELL BUY
US dollar USD 1166.000 1164.000
| CURRENCY | CODE | SELL | BUY |
| US dollar | USD | 1166.000 | 1164.000 |
| Euro | EUR | 1306.620 | 1305.966 |
| British pound | GBP | 1831.903 | 1830.987 |
| Canadian dollar | CAD | 944.359 | 943.887 |
| Swiss franc | CHF | 1241.350 | 1240.729 |
| Swedish krona | SEK | 141.577 | 141.506 |
| Norwegian krone | NOK | 149.166 | 149.091 |
| Danish krone | DKK | 175.154 | 175.066 |
| Japanese yen | JPY | 9.413 | 9.408 |
| Special Drawing Rights |
SDR | 1639.291 | 1638.471 |
Indicative rates – 06.28.2015
http://www.cbi.iq/
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Enorrste – Article: “The central bank’s “Tomorrow Press:” the project to delete the zeros will be applied beginning of the year 2017” This is an important article because it comes directly from the mouth of the head of the CBI. Furthermore, he is stating that he “expects” the beginning of the removal of the large notes to begin in early 2017. By stating this in this way, Allaq has left the door open a little bit. As investors we have come to learn that this is a process that will begin with the change in the exchange rate regime from a fixed rate to a floating rate for the currency. This is essential PRIOR to the beginning on the removal of the large notes. Therefore, we can look with confidence for a change in the exchange rate regime within the next several months, in my opinion. Then, according to the way I understand Allaq, he is allowing about a year or so for the value of the dinar to rise to a point at which the “beginning” of the removal of the large notes will take place. By early 2017 it will not surprise me to see the rate down to 100 or 200 to 1 for the dinar.
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Mnt Goat – …there is another version of HCL too that Kurdistan needs implemented. It is mainly to address the sale of independent oil from Kurdistan to other countries beyond the Badgdad quotas set by the government to meet their budget requirements. This is an ongoing issue with the Kurds and they need this resolved. Could this hold up the payments of the oil revenues to the citizens? Sure it can and may be the reason why they have not yet paid them. Could this hold up the RV? Sure it can since the USA wants good faith and must see these payments happen before they feel HCL is fully implemented. [post 2 of 2]
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Check out the Dinar Corp 120+Max – it’s EQUITY!!
Commercial Solicitation
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Mnt Goat – I want to talk about these…international MasterCard transactions once again that seem to be the basis for the RV from some…don’t expect any RV even if these MC cards go live internationally. The Mastercards are tied to FIXED rates in a database. These rates are for government programs and FIXED rates and not tied to the floating currency exchanges in any way or fashion… these MASTERCARD events are for the SMART cards and not the “National” Cards. The “National” cards are NOT for these government programs such as retirement, salaries, pensions, food program, etc. The “National” cards are mainly for the oil revenues distribution sharing to the citizens. YES – if you are thinking HCL you are correct. Remember these payments were supposed to begin in a June – July timeframe. They fully plan to execute their plan on time to distribute these funds…they have the full month of July yet to make good on their promise to the people. I fully expect this event to happen and hear news of it very soon. [post 1 of 2….stay tuned]
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SteveI – Topic: “Japan calls for Iraq to pay its dues working in the field of energy” You will start seeing more of these demands in the near future. Iraq is under tremendous pressure to get this done (value that is) and start moving their country forward like planned for years.
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Mnt Goat – Just the past week we read articles telling us about sending charges of TERRORISM and GENOCIDE to the international court of the Hague. I have told you many times there will be no RV until Maliki and his goons are gone and out of the any influence in Iraqi politics. So all is good in the news. Iraq is moving forward with the new laws. They are moving ISIS out of Iraq. Deals are being made to move Iranian influence out of Iraq too. I believe Erbil is in fact all completed and we are just now waiting for the final votes on the many laws and the announcement of them to us. I suspect this could happen in the next couple weeks. They know we are watching for these events and so they try to hide them from us since they know this is PART of the key to triggering the RV. [post 2 of 2]
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Millionday News Time Chat 6-27-15
Thanks to DinarRecaps.com for posting Round Table with Millionday!!
Millionday: It announced that Iraqi Airways, said on Saturday that all airlines operating in Iraq globally registered, and to be agreed with them according to the most important service standards, and while confirming that the airline (Fly Baghdad) will enter the list of companies that contracted, the Committee on Parliamentary Services confirmed that it touched a good change the performance of the Ministry of Transport on many of the services provided both in the airlines or the airport in general.
He said flags Iraqi Airways director Akram coffee in an interview with the (long-Presse), said that “all airlines operating in Iraq registered worldwide,” noting that “the first issue we focus on in contracted services is the principle.”
Millionday: WHOOOPOW
Millionday: NOTE—-IRAQI AIRLINES ARE GOING INTERNATIONAL
Millionday: NOTE — WOULD HAVE WALK RIGHT BY — TRAVELEX
Millionday: NOTE — THIS IS HUGE HUGE REVENUES
Millionday: AND PART OF A MARKET ECONOMY IMO
Millionday: He and coffee, that “all the services provided by these companies for travelers follow-up by a competent cadres of Iraqi Airways,” ruling out “the adoption of a commercial contract or agreement with the airline companies are not licensed.”
The coffee, that “registered airlines in Iraq, ranging from four to five companies, such as Company (Nasser and Zagros and Fly Dubai and soon Fly Baghdad), and these are all companies operating agreement with Iraqi Airways,” pointing out that “the work is in accordance with the trade agreement, according to Iraqi civil aviation law. ”
He went on to coffee, that “the agreement with these companies by taking into account the issue of profit, service and cleanliness provided by them and regularity ratio airline schedules and bookings, in addition to those that need to be modern aircraft.”
Millionday: NOTE — THEY HAVE TO BE INTERNATIONAL COMPLIANT AS WELL— MODERN ETC
Millionday: WHOOOPOW
Millionday: For his part, he told the parliamentary committee services by Tawfiq al-Kaabi, said, his committee “asked the transport minister to come to Parliament, has been sent agent and the Committee of the ministry, in order to travel the minister,” adding, “it was talking about a lot of things that concern the issue of transport and service companies Introduction “.
He explained Kaabi in an interview with the (long-Presse), “as we called the need to interest a traveler and overcome all the obstacles and on eating submitted and hospitality and other services, however we have not received any complaint concerning the airlines and other services to the airport, because we scrutinize any information up to us, though we had Many of the recommendations worked out by the Ministry of Transport.
Millionday: NOTE — THIS IS A VERY PROSPEROUS INDUSTRY
~~~
http://www.dinarupdates.com/showthread.php?15663-Millionday-Roundtable-6-24-15
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Mnt Goat – There is…disinformation being spread concerning that the saving of the Greece economy and Iranian deals are holding up the RV. Really? I can assure you these other events are all mostly unrelated and not the reason for any hold up in revaluing the Iraqi dinar. No – the USA is not now holding it up again! Ramadan is now in progress…Ramadan continues to July 17th in Iraq and it will have little impact as to whether the RV happens or not. We still see parliament meeting and in fact they just announced this past week they intent to schedule a session on this coming Wednesday and vote on a “package” of 150 laws…they must implement them together since one can not work without the others. Another connection is the Justice reforms and how they fully intend to prosecute these corrupt leaders from the past Maliki administration… [post 1 of 2….stay tuned]
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BGG – [QUESTION IS WHEN ARE THEY ROLLING IN THESE 50’S?] IMHO… the original version explicitly said “category of 50,000” – NOT a 50k note per se…which means (loosely) – a category WORTH what a 50k note would be worth…IMHO…further – it is very interesting the auctions are a high as they are right now…they have stabilized the exchange (to some extent) and are getting big notes off the street using USD (translates to VERY CHEAP)…right now – if this goes on much longer – they will be in an ideal position to execute some kind of move – (all IMHO).
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tman23 – The FLOAT that is spoken of by some is NOT practical for a developing country… AND INVESTORS…DO NOT LIKE IT! THE QUESTION IS WHAT DID JABOURI ADD TO THE INVESTMENT LAW THAT EUROPE RECOMMENDED AS A REQUIREMENT FOR THEM TO INVEST!
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Millionday News Time Chat 6-26-15
Welcome to DinarUpdates.com & News Time with Millionday!!
Millionday: Finance Minister Hoshyar Zebari, Wednesday, that the government will take a series of reform measures of the economy in the number of facilities to avoid wastage and the rationalization of expenditure.
Millionday: NOTE — REFORMS OF FINANCIAL EXPENDITURES —
Millionday: According to a statement of financial received “eye Iraq News,” a copy of it, that “Zebari met today with a delegation from the Central Bank and the Iraq Programme Director Robert existence and the World Bank team of experts and specialists in the economy and implementation of development programs to provide a loan to Iraq for humanitarian and development aid proposed.”
Millionday: NOTE — ECONOMIC REFORMS — CBI-WORLD BANK–SPECIALISTS-ETC ALL FOR IMPLEMENTATION OF DEVELOPMENT—–WHOOOOPOW
~~~
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Aggiedad77 – I believe in more ways than one DrS [Shabibi] is crowing big time, himself and through his protege Dr. Saleh…together they understand the MR…they understand how the CBI truly must be able to function in order to maintain economic stability and the lowest of inflation rates. Their guidance will keep Iraq on the straight and narrow through all the political fog that is blowing their way at this time. The noise from the Finance Committee continues to be just that, noise…put your ear plugs in….they don’t seem to want to give up easily…What they have going against them…and what Iraq has going for it…is the knowledge that Dr.S understands what remains to be done to complete the process that he started years ago…it’s coming…the BEST is yet to come.
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Poppy3 – [ISIS IS STILL HOLDING DOWN 1/3 OF IRAQ.] BULL MEDIA LIES, SORRY JUST NOT TRUE PERIOD — AND THAT FROM COMMANDERS ON THE GROUND IN IRAQ.
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My Ladies – THIS IS RIGHT UPON US NOW AND IRAQ WILL REACT TO ALL THE PROGRESS AND CHANGE THAT’S COMING. [we still leaning towards July for the banking system to go live as a possible month for the repricing?] YES I THINK WE ARE. …I WILL BE DUMB FOUNDED IF IRAQ GETS A CREDIT RATING WITH OUT THE DINAR TRADING FREELY. GET EXCITED BUT I’M TALKING ABOUT MONEY MOVING GLOBALLY NOT NECESSARILY THE DINAR TRADING…BUT I AM HOPEFUL THE DINAR WILL TRADE IN JULY.
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Millionday Round Table Chat (mid-day) 6-26-15
Thanks to DinarRecaps.com for posting Round Table with Millionday!!
Millionday: Chaired by Minister of Planning and Salman al-Jumaili of the meeting of the first working group for the implementation of private sector development strategy in Iraq.
The minister expressed at the outset of the meeting expressed his happiness to embrace the Ministry of Planning for this important meeting, which was the development and implementation of private sector development strategy, stressing the need for a base incorrect information in order to enable us to reach to achieve the desired goals.
Millionday: THE FIRST GROUP OF THE PRIVATE SECTOR IMPLEMENTATION
Millionday: He noted that the Central Bureau of Statistics (NBS), which is one of the setups statistical prestigious in the field of statistics will be very helpful and put all of his experience and the potential for the implementation of this vital survey, which represents the first and right step on the road to the adoption of private sector development strategy and enable it to fulfill its role of development required.
Millionday: He pointed out that the government program much focused on private sector development and the need to translate this interest into the actions of figures .. pointing out that these figures reflect estimated positively on the implementation of this survey, which is one of the significant achievements carried out by the Ministry of Planning, or those that are being implemented.
He stressed Jumaili that the Ministry of Planning and all its departments and formations and cadres will be ripe for the success of this project because we believe that development without the presence of private sector development will not be correct
Millionday: NOTE — THE GOV PROGRAM– THE STRATEGIC FRAMEWORK — AND THE REFORMS ARE FOCUSED–ON THE PRIVATE SECTOR —
Millionday: calling on the working group to make all of its potential for the success of this important project was discussed during the meeting data provided by the Central Bureau of Statistics relating to the industrial sector and the distribution of tasks and to clarify the important role of entities that represent and involve the private sector in the collection of data and give the Ministry of Planning and the desired role in raising community awareness level of the process and clarify the role of the private sector in the development process through the website of the Ministry and the media.
Millionday: NOTE — THE DEVELOPMENT WITHOUT THE PRIVATE SECTOR WILL NOT WORK —
~~~
http://www.dinarupdates.com/showthread.php?15663-Millionday-Roundtable-6-24-15
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Poppy3 – …REMEMBER ABADI STATED BEAR WITH THEM TILL JUNE? MANY PREPARATIONS HAVE BEEN COMPLETED THIS MONTH…THE TARIFFS WILL NOT PRODUCE ANY $$$$$ AT THIS LOW RATE AND THE BONDS WILL NOT SELL UNLESS ASSIGNED A RATE AND HAVING A BACKER THAT HAS A CREDIT RATING TO WITHSTAND...THEY DONT HAVE EITHER YET.
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Kaperoni – Article quote: “there are more than 150 projects whose law had been read a second reading or what has become ready for a vote will go through the legislative term, which will begin next week,” Now were talking! Pass them laws in a basket.
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wmawhite – Article quote: “International Criminal Court’s decision to refer the Iraqi Prime Minister Nuri al-Maliki and his aides to court on charges of genocide” With Iraq wanting to join the world community and to change its image, they will not be able to ignore this. The PM and GOI will need to cooperate with this.
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Court decision: Nuri al-Maliki and his aides to court on charges of genocide
International Criminal Court’s decision to refer the Iraqi Prime Minister Nuri al-Maliki and his aides to court on charges of genocide:
the International Criminal Court decided to refer the Prime Minister Nuri al-Maliki DONC and a group of his senior aides to court on charges of genocide. Mr. Mohammed Al-Kaabi spokesman Court for the Middle East said that one of the associates of al-Maliki who Torteurahalthm to court Gen. Farouk al-Araji, director of al-Maliki’s military office and Lt. Gen. Ali Ghaidan, commander of ground forces and Saadoun al-Dulaimi, the defense minister and the agency, Adnan al-Asadi senior agent Interior Ministry and intelligence chief Zuhair Gharbaoui team Qassim Atta, director of operations at the intelligence service and the team called Hgati head of the anti-terrorism device. He revealed that the Court now has complete files crimes committed by al-Maliki and his aides, including genocide in Anbar and Kirkuk and the blatant violation of human rights and to follow the brutal methods of torture and violation of freedoms of citizens and contrary to the Geneva Conventions and the Charter of the United Nations and international law…
Aliraqnews.com
BGG Notes:
BGG: It appears to me, since the upper leadership of the SLC can’t manage to rid Iraq of Maliki the ICC (International Criminal Courts) is going ahead with doing it for them…
Read More: http://dinarupdates.com/blog/
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tman23 – The citizens in Iraq are not losing confidence, THEY HAVE LOST IT !! Citizens of Iraq are lacking courage, and just as proven by military recruiting at a LOW POINT. The one FACT and it is written by the IMF and other monetray study groups…… A HIGH VALUED CURRENCY brings/delivers CONFIDENCE, COURAGE, and HONOR to the people……. Take note HIGH VALUE !!….. Iraq needs to deliver to the citizens, they need to open their market economy. The market economy is not going to be developed overnight and so that being said, it is not a quick solution or even near term. The taxes will bring money quickly but that takes from the pockets of citizens who already are poor and lack confidence…… We are not waiting for 2017…We are not waiting for 2016….We are not waiting for September……The time is NOW !! We are waiting in the moment !! They are planning for the moment !! They need it NOW !!
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Aggiedad77 – Article: “The central bank’s “Tomorrow Press:” the project to delete the zeros will be applied beginning of the year 2017” This kind of slowdown does not make much sense…but study the words carefully, I can take this article to mean that the “process” of removal of the 000’s has begun and will be completed in 2017…they have told us before it could be a 2 year process…they speak of making the Iraqi currency a competitor of foreign currency…then do it now…why wait…today makes more sense than 2 years from now…AND…don’t forget the GREEN light that the CBI was given earlier this year…
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Check out the Dinar Corp 120+Max – it’s EQUITY!!
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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