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Word for the day…
Romans 8:28 (NKJV)
28 And we know that all things work together for good to those who love God, to those who are the called according to His purpose.
Heavenly Father, we give you all the Praise, Honor, and Glory! Thank You for Your promise that all things work together for good to those who love You and are called according to Your purpose! In Jesus Name, Amen.
Mrs BGG
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Anything that can go wrong, will—at the worst possible moment. – Finagle’s corollary to Murphy’s Law
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*** Current Posts ***
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My Ladies – [tariffs and power transfer still looks like a go?] YEA IT DOES, IT ALL LOOKS GOOD…
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NOVA – ONE THING THAT I ENJOY ABOUT FOLLOWING THE IQD AND THE NEW ECONOMIC ENGINE THE MOST…IS KNOWING WHEN THE FACTS ABOUT 2015 ARE WRITTEN DOWN IN THE HISTORY BOOKS…2015 WILL BE SEEN AS THE START OF AN AMAZING ECONOMIC RUN THAT THE WORLD EVER SAW COMING! AND YES THIS IS NOVAS WAY OF SAYING HE IS EXPECTED! (Excited).
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Mnt Goat – Articles: “PARLIAMENTARY FINANCE CONFIRMS THE CONTINUATION OF THE “CENTRAL” TO PRINT NEW BANKNOTES: WILL GO WITHIN DAYS” “Securities Available To The Public Raise The Credit Rating of Iraq to Facilitate External Borrowing” Absolutely predictable and like clock work. Confirms absolutely everything I have been talking about these last months. These coming weeks the window remains the same and I have to say that if we do not see some change in the currency status I will be amazed and totally baffled. I am very, very happy and so should you!
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Millionday – …ONE THING THAT IS MORE THAN OBVIOUS — THE POWER OF THE PRIME MINISTER IS OF COURSE MASSIVE BUT — WHEN YOU LOOK AT THE IMPACT ON JUST THE INVESTMENT AND LAWS ACCORDING — IT SHOWS US ALL JUST HOW INCLUSIVE EVERYTHING IS WHEN IT COMES TO MALIKI`S PREVIOUS POSITION — HUGE. JUST ONE OF THE MANY REASONS IT WAS SO IMPORTANT TO REMOVE MALIKI IN A VERY IMPORTANT WAY IMO. [There was an article out this morning that Maliki was leaving again…any truth to that?] I SAW THAT HIS CHARGES APPEAL WAS DENIED AND COURT WILL GO FORWARD ACCORDING TO MASSIVE REPORT. I THINK THAT HIS REMOVAL WAS A GREAT MOVE FOR NEW IRAQ AND THE INTENSE PLANS MADE FOR THEM. THE WORK BEING DONE IS AMAZING.
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Enorrste – …my point was that unless they also reduce the value of the money supply then the issuance of the 50k and 100k notes will be worthless. Reducing the amount of paper in circulation may be a “feel good” for the people, but the CBI must have a greater goal in mind than that. Several articles have stated clearly that the issuance of the larger notes will improve the value of the dinar. The only way to achieve that is to reduce the value of the money supply at the same time they are reducing the paper. Otherwise the dinar won’t rise in value and the even exchange will have been a waste of time and money. It will take more than just reducing the demand for dollars by giving the people an alternative. An even exchange gives them the alternative to move to dinars but does nothing in itself to raise the value. Only a reduction in the total value of the money supply will raise the value, and the CBI has stated that this will raise the value. Ergo, the value of the money supply must fall. [post 2 of 2]
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My Ladies – [IF Aug 2nd brings a verifiable international currency, does that mean the currency can only change in 2% increments? Or is Iraq able to go in and make a substantial change at any time?] NO 2% IS THE STANDARD OR THE NORM ON FOREX, IRAQ CAN DO WHAT EVER THEY WANT WHENEVER THEY WANT TO DO AFTER THEY GET THEIR CURRENCY TURNED ON.
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Commercial Solicitation
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Enorrste – Article quotes: “…in the process of printing banknotes category 50 000 dinars to put forward in the Iraqi market early next month...” “2016 will see a new printing papers 100 000 dinars class to put on the market,” We should not expect to see the float begin prior to the issuance of the 100k notes, in my opinion. Things have, once again, slowed down. However, if the issuance of the 50K notes results in a stop to the fall of the dinar or even an approach of the street rate to the official rate, then the CBI might step up the introduction of the 100K notes to get the ball rolling faster upward in value. The big question is whether this plan will even work. If it is an even exchange only then there will be no change in the dinar value. If, on the other hand, they are able to reduce the total VALUE of the money supply through this plan then we should expect to see the dinar begin to rise in value. It is my opinion that they want to have some serious upward pressure on the dinar prior to initiating the float. If they can get locals away from dollars and into dinars then the demand for dinars will grow, putting that pressure into play. The big question is: IF. [post 1 of 2….stay tuned]
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Mnt Goat – This week I referenced that a window for a possible RV opportunity was here and everything looked fantastic. This window remains the same and I have to say that if we do not see some change in the currency status this time I will be amazed and totally baffled over this saga. We also know this event has to happen soon since joining the WTO, implementing the tariffs. customs and sales tax along with the issuance of the international bond drive almost speaks for itself. Personally I am hearing the rate is expected to come out very low probably still within 1000 to 1100 range and them in about 4-7 days a full blown RV is designed in the process. I suspect their intent is to sell bonds at this international rate to begin with around Aug 2nd , then a week or two roll out a significantly higher new rate to the international exchanges worldwide. What they plan to do is sell bonds at the very low rate and let the market drive it for about 7-14 days then adjust it.
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wmawhite – [the 1095 is for the bonds not the rv exchange right or not?] We and the world has been informed by the CBI that they are selling bonds to the retail market (outside of Iraq) and at a fixed RATE…fixed RATE…of 1095 IQD. This we know…This is important…HUGE step…what we don’t know is what is there next step. We all have opinions. And some of those opinions come from what they have told us they want done immediately…everything the CBI has announced in official letterhead they have done. Although the 1095 is a small move from 1166 it is very significant for the IQD to move outside of Iraq…HUGE! [these next few days should be very exciting to see!] Yes…this is what we have wanted to see at a minimum. [post 2 of 2]
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Poppy – I ADVISE NOT TO PLACE ANY ORDERS FOR DINAR AT THIS TIME WITH ANYONE. THINGS ARE BEING SAID – I ,PERSONALLY, WILL WAIT TILL THE OWNERSHIP OF DINAR CORP ADVISES THEIR STATUS BEFORE ANY FURTHER ORDERS.
THIS MAY BE A PROBLEM OR MAY NOT. I JUST CAME IN THE HOUSE AND GOT A CALL OF WARNING . THIS IS NOTHING TO PANIC ABOUT AT THIS TIME TILL FACTS ARE KNOWN.
TUNE IN TO DINARUPDATES.COM FOR ANY FURTHER NEWS.
POPPY3
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wmawhite – That CBI announcement also stated that they were marketing those bonds to “investors abroard.” …Abroard! and at an exact exchange rate of 1095 IQD. [Is 1095 an entrance rate to the world markets?] Possibly…but all we want is for the IQD to go outside of Iraq…become an exchange rate that other currencies can exchange with. [if they do enter at 1095, a float is inevitable IMO.] Not necessarily so. Remember, the CBI can not delete the three zeros from the current program rate of 1166…it needs an exchange rate. [can they just adjust it?] Yes, the CBI by law owns the cuurency….the GOI just uses it. The CBI can do whatever they feel is best for the currency. [didnt they say they wanted to be comparable to Kuwait’s rate?] Yes that is true…they still want to do that. [post 1 of 2….stay tuned]
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Poppy3 – THE WORLD BANK GIVING THE ULTIMATUM FOR A DEADLINE OF 2 MONTHS OR 60 DAYS — WHAT THAT ARTICLE SAYS TO ME IS THERE ARE SO MANY THINGS THAT REQUIRE THE FIRST THING TO BE DONE FIRST TO COMPLETE THINGS BEFORE THAT DEADLINE…MEANING THEY HAVE TO ASSIGN A NEW RATE BEFORE ALL THESE OTHER THINGS THAT APPEAR NOW TO BE REQUIRED TO BE COMPLETED…LIKE BOND SALES, BUDGET FUNDED, PAYING THE PEOPLE…THAT BY THE WAY HAVE ALREADY STARTED PROTESTING…AND A LONG LIST OF OTHER REQUIREMENTS THAT CAN’T BE COMPLETED WITHOUT A RATE. TIME WILL TELL BUT THE PRESSURE IS ON HARDER THAN EVER AND IT IS OBVIOUS.
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Kaperoni – Article quotes: “…in the process of printing banknotes category 50 000 dinars to put forward in the Iraqi market early next month…” “2016 will see a new printing papers 100 000 dinars class to put on the market,” Looks like the 50k in a week or so, and then early 2016 the 100k. These will set the stage to begin to raise the value by reducing the physical note count from 4 billion notes to 1.8 billion notes or about. As well, it will help citizens by reducing the amount of notes they carry. Since this is the decision, it is good to see it happening…progress.
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Barzani he is willing to visit Baghdad asserts: don’t mind United Nations to monitor exports
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Frank26 – The dinar’s value is supported by the existence of Iraq’s Borders because without it…The dinar can remain at 1166… And will. It does not directly change it for it cannot but the T and T’s (Taxes and Tarrifs) will protect the dinar and her new value when DRS [Dr. Shabibi] decides to lift the three zeros.
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Poppy3 – Press Release: “The head of the minister for economic affairs adviser appearance of Mohammed Saleh, Wednesday, that the application of the decision tariff will not change schedule will apply on time.” …DR SHABIBI STATED THE TARIFFS WOULDNT EVEN FUND THEMSELVES AND THE THREE THOUSAND WORKERS IT WILL TAKE TO COLLECT IT WITHOUT a rate change? SOUNDS LIKE EITHER SOME DEAL HAS BEEN MADE OR ITS ONLY A PARTIAL TARIFF OR WHO KNOWS WHAT UNLESS WE SEE A RATE CHANGE. TIME WILL TELL AND EITHER WAY WE WILL BENEFIT FROM THE NEW RATE THAT IS COMING.
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tlm724 – Quote: “General Administration of Customs confirmed its readiness to implement the pricing tariff law on imports through border ports of the country, to be implemented from next Saturday…“ so there we have it right from the General Administration of Customs that the tariffs will begin on August 1st in full force. the question remains will they tax the people at 1166 dinars per dollar or will they increase the purchasing power of the dinar to offset the burden on the poor? there is much riding on their decisions going forward. …the US Treasury is there, the IMF is there and the UN and World Bank…big meetings going on as we speak with the US Treasury etc. I am really excited!
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Millionday News Time – 7-29-15
Thanks to DinarRecaps.com for posting Millionday News Time
Millionday: I WILL BE DOING A SPECIAL NEWSTIME TOMORROW — (Thursday) INFORMATION WILL BE IN HERE FOR TIME — I THINK IT IS AT 6 PM EST
Millionday: showed President of the Kurdistan Regional Government Nechirvan Barzani willingness to visit Baghdad to discuss ways to address the problems relating to the budget and file oil,
and expressed his government’s desire to resolve the problems and obstacles with the federal government through dialogue and Mufaaudhat.jae in a statement to the presidency of the provincial government, seen by “the morning,”
~~~
Read More: http://www.dinarupdates.com/showthread.php?16219-Millionday-newstime-7-29-15
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tman23 – Both Baghdad and Kurdistan declared a public holiday for the next 4 days because of the heat wave………. What makes this interesting is the forecast for the next 14 days is no different……… So, I guess we will see HOW they open the month of August…
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Adam Montana – [Tell me your opinion on the dynamics of this administrations deal with Iran…Can this dynamics change delay or torpedo the RV along the CBI’s previously stated targets for revalued currency?] The deal with Iran is definitely going to have an impact…In my estimation, this should push Baghdad to move quicker, which would also push the need to revise the value of the currency.
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tman23 – [If the World Bank has imposed a 60-day deadline on Iraq, do any of you seeing Iraq trying at all to comply with what they want? Have they approached compliance at all? Are they even talking about it?] The FED COURT ACT… Unless they get this done, all other laws are in question…It appears that they are ready to vote by majority even if the Kurds boycott the vote… They are in dire straits and by the words of the World Bank, time is of the essence…a deadline was placed.
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Round Table Chat w/Millionday (mid-day) – 7-29-15
Thanks to DinarRecaps.com for posting Round Table Chat w/Millionday
Millionday: WELCOME TO ROUND TABLE EVERYONE
Millionday: Hussein al-Tamimi Tgb sparked the third Economic Forum of the Center for Investment Development and Reconstruction Moadig very important focused on the reality of domestic production and the industrial sector in general.
This detailed important and vital in supporting government policies towards research opportunities to diversify its sources income outside the oil revenues of interest to economists and respective personnel.
Millionday: NOTE — THIS IS A HUGE CONFERENCE FOR PREPARATION IN IRAQ FOR ITS DIVERSITY IN THE GLOBAL MARKET AS REQUESTED BY MANY (INCLUDING PLAN AND MANY MORE) INCLUDING THE WTO
Millionday: We have diagnosed the seminar through the word head of the center Ibrahim Baghdadi elements of weakness that led to the decline in the industrial sector and research the possibility of promotion through fruitful and constructive cooperation between the public representative state and the private sector of businessmen and owners of laboratories and companies sector .
For his part, counting the Minister of Industry and Minerals Mohammed Darraji this seminar important step and positive, which would make him groping for near and through hearing the owners regard Barzan challenges to work on overcoming them.
Millionday: NOTE — THEY ARE SEPARATING THE NON-PRODUCTIVE FROM SUCCESSFUL
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Read More: http://www.dinarupdates.com/showthread.php?16163-Millionday-Roundtable-7-29-15
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Kaperoni – Article: “Securities available to the public raise the credit rating of Iraq to facilitate external borrowing” To me, it seems clear the purpose of these bonds is to get the dinar out of the mattresses and pillows and to the banks to buy these guaranteed bonds payable in dollars in 12 months. As a result, the banks get the dinar to circulate and relieve the liquidity crisis as stated…”to provide financial liquidity to limit the financial crisis“. I don’t see the CBI removing dinar or reducing the money supply with these bonds.
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tman23 – Anytime they get close like 2012…a group reacts with creating chaos to delay the process…as like the removal of Shabibi after Abadi announced the change… So now we are witnessing some real reactions across the board…since start of July it has gotten crazy insane…and the contradictions are numerous in all articles and actions… So if using confusion as an indicator…We are on the door step…waiting …to ring the bell…
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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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Iraq resumes pumping oil through a pipeline to Turkey
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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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CURRENCY CODE SELL BUY
US dollar USD 1166.000 1164.000
| CURRENCY | CODE | SELL | BUY |
| US dollar | USD | 1166.000 | 1164.000 |
| Euro | EUR | 1285.515 | 1284.872 |
| British pound | GBP | 1817.911 | 1817.002 |
| Canadian dollar | CAD | 901.500 | 901.049 |
| Swiss franc | CHF | 1207.915 | 1207.311 |
| Swedish krona | SEK | 136.617 | 136.549 |
| Norwegian krone | NOK | 142.494 | 142.423 |
| Danish krone | DKK | 172.286 | 172.200 |
| Japanese yen | JPY | 9.470 | 9.465 |
| Special Drawing Rights |
SDR | 1629.345 | 1628.530 |
Indicative rates – 07.29.2015
http://www.cbi.iq/
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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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Iraqi Dinar/Dollar auction 07-29-15
Currency Auctions Announcement No. (3004)
This daily currency auction was held in the Central Bank of Iraq on the 07-29-2015
The results were as follows:
| DETAILS | NOTES |
| Number of banks | 25 |
| Number of remittance companies | 10 |
| Auction price selling dinar / US$ | 1166 |
| Auction price buying dinar / US$ | —– |
| Amount sold at auction price (US$) | 271,668,000 |
| Amount purchased at Auction price (US$) | —– |
| Total offers for buying (US$) | 271,668,000 |
| Total offers for selling (US$) | —– |
More: http://dinarupdates.com/blog/
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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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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.
~~~
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. “
~~~
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
Click call banner on mid-right of page!!
Smart phone user link – Click here
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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
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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
Click on the call banner on mid-right of page!!
Smart phone user link – Click here
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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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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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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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Sunday Afternoon Dinar Call!!
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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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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