BondLady Admin Tlm - Central Bank buys 36 tons of high-purity gold bullion !

[DinarThug]

CNN. Broadcasting With Either A Shoebox Full Of Willy Wonka Golden Tickets Or A Month's Supply Of Toilet Paper !

 

 

 

Central Bank buys 36 tons of high-purity gold bullion

[tlm724] to achieve an element of safety and safety in order to use the tools of monetary policy to stabilize the exchange rate of the dinar

[tlm724] the dinar,  not the dollar !

[tlm724] 'quantity reached 36 tons, roughly during the month of March to achieve the goal mentioned above.

[tlm724] to achieve an element of safety and safety in order to use the tools of monetary policy

[tlm724] BondLady said to me the other day we will be seeing more of the monetary policy come to light and she was right ! Here is just a small look into achieving stability for the dinar !    just what they are showing us !
~~~

 

  [tlm724] Turki is backing the dinar and imo it is too help ensure strong backing for a strong rate !

[shredd] By the way, that's roughly $1,668,699,648.00 USD. This is in preparation for a monetary policy change to support the exchange rate. support? 1.6 Billion USD sounds more supportive of an increase in the value rather than stabilizing!
~~~

Financial Parliament: the second reading of the budget on Tuesday

[tlm724] the second reading of the budget on Tuesday

[tlm724] expected to attend the Kurds and are united for the session *hallelujah*

[bondLady] maybe 3rd reading/vote on Sunday ? never know and they are paying a boat load of people on 4/1 so maybe so...
~~~

Baghdad to accept the initiative of Erbil, on oil will re-draw expenditure in the budget to avoid deficit

[tlm724] Baghdad to accept the initiative of Erbil

[tlm724] BondLady check it off the list !!!

[shredd] Sure seems like we are getting closer to an implemented HCL. This is certainly notable progress.
~~~

Theft of state banks and the bankruptcy of the banks pay a lot of civil Baghdadis to save their money at home

[tlm724] keeping their money at home and refuse deposited in the banks

[tlm724] He adds, "After putting my money in that section I went back three months later to withdraw part of the amount was shown to me then that the employee made a mistake and wrote in the official papers that the deposited amount is three million instead of thirty million, and months later they told me that they conducted an inventory of all assets and discovered an increase 20 million and lost because of that ten million dinars. "

[rsp1] thay're gonna have to make it worth their while to put their $ in the banks now. I can't blame them for keeping it at home.

[tlm724] gotta have the deposit law in place !

[tlm724] Finance Committee in the House of Representatives confirmed that it is seeking to enact a law that protects citizens' funds deposited in different banks.

[shunshine] agree

Tamimi and showed that in the case of enactment of the law, there will be the confidence of the citizen to put his money in the banks without fear, but will invest the funds within the projects and investment banks to take advantage of its benefits.

[rsp1] well, there ya go... that's a HUGE mistake!

[tlm724] "It must include this step some mechanisms such as the establishment of a private insurance company with a capital contribution of a large mission guarantor of citizens' deposits in banks will guarantee the company in case of any problem to compensate the citizen without going into the details of the problem."

[tlm724] must get these laws done ! Now get busy...
~~~

Energy is the instability of the parliamentary capital and bureaucratic reasons to threaten oil companies to withdraw

[tlm724] energy parliamentary negotiations held with the oil companies operating in the country to persuade them to withdraw its threats to withdraw from work in the country

[tlm724] pointed out that the abundance of Iraqi oil and the profits that can be achieved

[tlm724] Zidane explained "we are trying to solve the problem of the threat of some oil companies to pull out of the country to settle differences through dialogue," noting that "the problem is nearing completion and will remain oil companies operating in Iraq without any problems."
   
[tlm724] "the problem is nearing completion and will remain oil companies operating in Iraq without any problems
~~~

The first of next April launch date of the salaries of social welfare

[tlm724] first of next April launch date of the salaries of social welfare

[tlm724] middle of next week the date for the launch of the first installment for the current year for the salaries and benefits of social protection network

[rsp1] it's all coming together nicely...

[tlm724] rsp1 yes ! the people must be so excited ,they have been without for way too long !
~~~

Net: start distributing the salaries of companies Industry

[tlm724] to launch the process of borrowing for employees and citizens,
   
[tlm724] The budget of 2014 stipulates that the banks' real estate, agricultural, and Housing Fund will grant loans to people with no benefits to confirm the seriousness of the state to facilitate the task of citizens to build their homes

With regard to the salaries of employees of the companies at the Ministry of Industry stalled, said he signed last Thursday as a guarantor of the loans granted by banks Rafidain and Rasheed to 12 companies in salaries to associate companies in the Ministry of Industry. 

called Net and the Ministry of Industry to instruct for its review of banks to complete the transaction salaries, according to the controls organized by the law, asserting that "the interest of Capricorn salaries are paid for being a source of livelihood for employees to meet the obligations of life for their families."

[tlm724] dayum there is a lot of hot news today ! *wolfwhistle*
~~~

Exchange increases pensions beginning next month

[tlm724] public pension disbursement increase pensions for covered the beginning of the month of April next retroactively from the date of 01.01.2014

[tlm724] getting paid *hallelujah* and an increase to boot
~~~

Calls for the revival of the major cattle stations in the country

[tlm724] must be accompanied protection of the domestic product of foreign products entering the country through different ports, including outside the borders of standardization and quality control, which requires the adoption of a law of customs tariff, 

noting that this mechanism represents an effective step in the development of investment in this aspect and encourage international companies to enter the country with advanced technological for the manufacture of concentrated feed, which produces a bush internationally certified contribute to raising production to world-class levels

[tlm724] requires the adoption of a law of customs tariff

[tlm724] and have the protection in place !

[boosterbglee]

Financial Parliament: the second reading of the budget on Tuesday

[tlm724] the second reading of the budget on Tuesday

[tlm724] expected to attend the Kurds and are united for the session *hallelujah*

[bondLady] maybe 3rd reading/vote on Sunday ? never know and they are paying a boat load of people on 4/1 so maybe so...

 

Somebody help me here…………….this says Tuesday for the second reading, another post here said Sunday!  Is this just more mis-information?

[djgabrielie]

The question remains.  Why did they buy this gold and from whom?

[DinarThug]

The question remains.  Why did they buy this gold and from whom?

 

Hi I'm William Devane For Rosland Capital !

 

 

             

[SgtFuryUSCZ]

***///

 

 

Good one, THUG !       ...!

 

 

We don't think they "bought" a darned thing... all that gold we airlifted and carted outta Saddam's coffers

and stored in those warehouses in Joisy just went back home is all...

 

referring to it as having been "purchased" is a fallacy.....

 

 

Listen,

as long as they have enough of that shiny stuff squirrelled away in their CBI vaults to back the deenar we is holdin',

we don't give a hang where the heck it came from !

[RodandStaff]

Here, here ladies...exactly my feelings!!!

Thanks Thug...always luv us some Bond Lady...be careful thoughThug...I hear she carries handcuffs and knows how to use em!!! ;o)

[SgtFuryUSCZ]

...I hear she carries handcuffs and knows how to use em!!! ;o)

***///

 

THUGgy likes it that way....

[sandfly]

THANKS

[djgabrielie]

 

We don't think they "bought" a darned thing... all that gold we airlifted and carted outta Saddam's coffers

and stored in those warehouses in Joisy just went back home is all...

 

referring to it as having been "purchased" is a fallacy.....

 

 

Listen,

as long as they have enough of that shiny stuff squirrelled away in their CBI vaults to back the deenar we is holdin',

we don't give a hang where the heck it came from !

Absolutely... well said SgtFuryUSCZ

[stealthwarrior]

I don't see how the common man on the street could be "happy".hell,he doesn't know what the GOI is doing also it has been posted here that Iraq has mountains of gold.why would they be buying 36 tonnes of gold? also,1.6 billion dollars of gold is not very much when you consider how much currency they have.does'nt really add up for me,maybe there is something I am missing here.

Edited March 25, 2014 by stealthwarrior

[Artitech]

 

The question remains.  Why did they buy this gold and from whom?

I met a guy over a year ago, he is a member here on DV.  I cant remember his name now, I can look him up though.He is real smart when it comes to this investment. He showed me papers that showed a massive of amount of gold being transfered to Iraq. That gold was being stored in Swizerland, it had been there since the 1920's I believe. I hope that man will get on here and give everyone an insight about all that gold transfer over a year ago. I have never heard anything more about gold, till now. This is all very intresting, this plan maybe coming together.

[easyrider]

36 tons of gold was transferred  from Ukraine to the U.S. New york Fed reserve  Now all of a sudden Iraq has 36 tons of gold.  is it a coincidence? i think not.

 

 

http://osnetdaily.com/2014/03/crimea-countdown-ukraine-gold-reserves-hastily-aircrafted-to-u-s/

Edited March 25, 2014 by easyrider

[AmericaInc]

***///

 

 

Good one, THUG !       ...!

 

 

We don't think they "bought" a darned thing... all that gold we airlifted and carted outta Saddam's coffers

and stored in those warehouses in Joisy just went back home is all...

 

referring to it as having been "purchased" is a fallacy.....

 

 

Listen,

as long as they have enough of that shiny stuff squirrelled away in their CBI vaults to back the deenar we is holdin',

we don't give a hang where the heck it came from !

smart point

[DinarThug]

Here's Today's Summaries - Note The Final One !

 

 

 

One of the reasons for delays in the budget performance of the stock market decline

[tlm724] not only the stock market but the inflation is through the roof

[tlm724] as well as policy by the Central Bank of Iraq,

[tlm724] they will see the stock market skyrocket when they ....  

[tlm724] fill in the blank  Wink
~~~

 

Suri calls to the concentration of the banking industry, according to specialties

[tlm724] the phase of the country in dire need of development banks to support and develop public and private sectors, which operate according to the mechanisms of the market economy

[tlm724] that these banks often play an important role in economic development and activating the economy and especially in the stages of the economic crisis

[tlm724] do think they are in crisis mode ?

[lightingcslt] they have been    

[tlm724] no doubt, economy is in bad shape

[rsp1] REALLY BAD SHAPE

[tlm724] pointing to the need to make way for foreign banks to own shares of local banks

[tlm724] "pointing out that this article prevents banks from using the money available to it in the process of economic development of direc
                               

[tlm724] that in 2006 signed a Memorandum of Understanding between the Ministry of Finance and the CBI under the auspices of the International Monetary Fund and the World Bank and the Treasury Department to achieve the program of restructuring the banking system in Iraq

[tlm724] the application of the clauses of the agreement attribution between Iraq and the International Monetary Fund and relating to the restructuring of state institutions .

[tlm724] clauses of the agreement

[tlm724] they have to step it up now in order to meet the clauses of the agreement
~~~

Iraq regains its location on the map of regional and international trade

[tlm724] said that this meeting is held in Iraq after a break of more than 40 years *mission*

[tlm724] reflecting the importance of Iraq and restore it to its role at the international and regional levels

[tlm724] contribute to the strengthening of cooperation with Chambers of Commerce, Industry and Agriculture of Arab and international, in order to achieve economic viability of the country

[tlm724] the Union will organize a conference to invest in Kurdistan Iraq by the end of this month in Arbil

[tlm724] where is the Iraqi market, one of the best global markets

[tlm724] with opportunities that are opening up to the world

[tlm724] *hallelujah* bring it on baby, open the gates to the world !
~~~

Net: the country has entered a fiscal year does not have the balance for the first time since 2003,

[tlm724] but he stressed that the lack of approving the budget will lead to disruption of existing and new projects, nor can the government do new projects, in addition to obstructed ongoing projects that need funding from the budget of the issuance of bonds and remittances and borrowing, especially in the year was characterized by revenues few are called to apply the exchange rate 12/1 of the actual expenditures for the year 2013 which is estimated at 9 trillion dinars, which is just enough to fund essential needs too.

[tlm724] in addition to obstructed ongoing projects that need funding from the budget of the issuance of bonds
~~~

Postponement of the budget to next Sunday

[tlm724] We have heard that he will be A session of parliament after the agreement between the center and the region

[tlm724] and that is exactly what we want to see ! An agreement once and for all, get the HCL right !
~~~

Ojaili: the second reading of the draft budget in Tuesday's session

[tlm724] the liquidity of the recession, will hit the country's economy, because of the delay in legislation the financial budget for the current year.
~~~

Araji: The World Bank called on the Iraqi government not to interfere in the political CBI

[tlm724] *slap* from the World Bank    

[tlm724] that the World Bank called for reform of policies and non-interference by the Iraqi government in the political CBI

[tlm724] We had already warned of the deteriorating economic and financial situation in the country because of the failure to take policies professional

[tlm724] Iraq is pushing their luck !

[therealbubbie] tlm724 yessss !

[tlm724] called for reform of those policies and stop interventions governmental organizations in the work of the central bank and private borrowing it and otherwise, Iraq will be put on the list Suda,

[tlm724] pointing out that this is reminiscent of the same sanctions imposed on the former regime

[tlm724] they better get it together and quick ! We have been saying along that Iraq has backed themselves in a corner, its time for action and now because they sure don't want to be put on that list !

[tlm724] This World Bank statement is powerful !

[tlm724] I don't think there will be anymore warnings imo !

[therealbubbie] tlm724 they are being called out by the world bank because of their bs !!!!!!!!!!!!!!!!!!!

[tlm724] therealbubbie exactly !
~~~

Central Bank agrees to open two branches of the Bank of fransabank Lebanese Iraq

[tlm724] Central Bank of Iraq agreed to open two branches of the Bank of fransabank Lebanese in Iraq

[tlm724] approve your bank to grant a license to conduct banking business in Iraq

[tlm724] commitment to the instructions issued by the Central Bank, in addition to his commitment to Iraqi laws, and pay $ 10 million for licensing fees

[tlm724] bring on the banks !!! They know the potential of Iraq !!
~~~

Parliamentary economy: the government will be held accountable legally at their disposal Balahtiat cash

[tlm724] thats just what we were talking about, the GOI cannot touch the CBi money !

[tlm724] the International Monetary Fund said that the Iraqi government if it goes forward in the implementation of the spending plans for the year 2014, they will be recorded inflation record and drain the country's reserves of hard currency

[tlm724] once again another international *slap* !!!

[rsp1] they're getting pizzed

[tlm724] they are running out of chances to make this right ! Its a do or die situation ! Talk about pressure !

[bigdinaros] do they have to RV

[tlm724] they have to implement a functioning monetary policy !

[bigdinaros] ok so they don´t have to rv

[tlm724] bigdinaros I don't know if they have to RV per say, but I do know that their current policy is not working !

[bigdinaros] we can only hope

[tlm724] bigdinaros its easy to say just RV but there is so much more involved, currency reform is just one element of the monetary reform

[tlm724] but I would think increasing the value of the dinar is on the list !!
~~~

Kurdistan is ready to attend the meeting read the terms of the budget

[tlm724] specifically the paragraph that emphasizes the link between cutting the region's share of the budget, the issue of oil and gas

[tlm724] Kurdistan Alliance will seek if the government rejected an amendment to the budget bill, to achieve the principle of compatibility with the major political blocs in parliament, which in turn would comply with the government for the inclusion of these amendments on the budget to be voted on and approved

[tlm724] they are probably making those adjustments now and that is why they will not meet until Sunday, they needed the time to make them imo