Interesting view of today's NEWS

[Brisco]

[FLPatriot59] NOTE: FRANK26/KTFA will be having Nova on the call, which is about to start. I will share notes as I can transcribe them here.

F = FRANK26 | N = NOVA

NOVA - What prompted me to come onto your calls is what the IMF and BIS was doing to affect the revaluation. Nothing I'm speaking about says "tomorrow" but that things are changing and they will be unable to hide it any longer.

For the last 5 months we've witnessed really both of those things: doing things that tell us things will change, none of which means "tomorrow" even though that's not what we want to hear.

In some ways that is what has happened. The other thing is that they can't hide it. One of the things they did yesterday is took a big step in being unable to hide what they're going to do.

....

N - A Central Bank is a "central" bank to banks. Central Bank's job #1 is to control the banking system with banks, not with 3rd party financial institutions, i.e., exchange company. They primarily work with very large banks inside the countries. They, in turn, work with the smaller banks in-country. What the Board of Governors with the CBI did yesterday was important. This is the most important body of people on the banking side of Iraq. They have a lot of power but they don't talk. The last time the Board came out and said something was when they gave Turki permission to do what he's doing (monetary reform). The first thing to understand is this is Turki's boss. He might be appointed by Maliki but he answers to the Board.

N - They announced they would allow 3rd party institutions to do direct business with the CBI's auctions. The only way you can do business with CBI is to participate in the auctions. Right now that's the only way to participate. THey have to do a lot of work to do this. They said this would help with money laundering. The main reason is for a "special situation." They don't typically have "special situations." It's not bonds. It's what we all are waiting to hear. It's not gold. What other "special situation" is the CBI anticipating? The one that will impact every single person in iraq. To control this process they need to allow every bank direct access to the CBI. What does the CBI want? They want the higher denoms back.

N - So what the CBI has done is say "you deal with us directly" for this "special situation." That's it in a nutshell.

Q&A STARTING NOW... C = CALLER | N = NOVA | F = FRANK26   M=MEMPHIS

C - The main words they mentioned in the article you're referring to are "expand special events." Once you see those words you have wonder what are they talking about? Those 3 words are pretty clear is that they will expand something - in my mind that is access and availability. The Board of Governors is doing this, not because they want to, but because they have to. They are expanding with great purpose - for what? Increased access into the banking sector for special events.

N - They're doing it because they want absolute control over the process and don't want people hoarding what they turn in. What would we do? We would hoard and do everything we can not to spend money because we know something is going to happen. Once this rolls over people it will affect every single person in Iraq. Nobody knows what's on the CBI's list, but an action like this by the CBI is done RIGHT AT THE END. They don't have the time or resources, but it's what they HAVE to do. Again, it doesn't speak to tomorrow, but it's another huge step they are doing what is necessary.

NOTE: That previous "C" is actually Memphis.

M - Were we looking for it today? No. I don't think anybody was looking for it. But now we have to give it value and I'm holding on to it.

N - In the USA you can't get a federal charter from the Federal Reserve (Central Bank) to open a bank. The only way to get a federal charter is to purchase a bank that already has a charter. Or go through a 3rd party. The CBI has now said "we'll deal with them all" because of special situations because of what might "pop out of thin air." This is a big deal. When people ask "is this going to happen" this tells me they are going to do this.

FRANK26 - Okay, I'm now going to give our "take" this info and then take questions. Following that we will have an hour of wealth management questions with Nova.

F - Nova, I want to thank you first for sharing. The article he's referring to is on our Forum. We have the CBI, not necessarily stepping on anybody's toes by not following banking rules and regulations, but making exceptions to those rules. The Iraqi dinar is an exceptional currency. The CBI reached out to other banks (non-state banks), exchange offices, simple mom & pop banks, etc. which is not normal. So they now have bridged themselves so people around the world can go to these institutions and take their 3-zero notes. The timing is what is so important.

F - If I now walk into one of these banks or institutions associated with the CBI outside of Iraq, what will they give me? They will give me the currency of my country. They don't use their 3-zero notes because they know something is about to happen. The timing for the schedule for something to happen by June 14 is important. The reason the CBI is doing this is because of a "special event." The only special event they should be involved in is the monetary reform of their currency. They are doing this to get you to come in and exchange your dinars.

N - If the EU, the USA, and other Central Banks of the world had adopted Basel III and I own a bank that took in dinar, what would motivate me to give those higher denoms to Iraq if they're about to have higher values? They have eliminated that from Iraq. What will motivate these banks to turn in those higher denoms?

F - Like Nova was telling you, if we were Iraqi citizens we'd be hoarding because there is a monetary reform coming. The Iraqi citizens are saying "give me the LDs" and we're saying "give me the profits." All these banks and exchange offices will now be able to help with this exchange and will be able to help the CBI with this process of exchanging the 3-zeros into the LDs and coins. This is coming from the CBI. This is the same group that told Turki to increase the value of the currency "as you see fit." Have we not seen Turki take us to where we are at now? They are controlling the market price by doing this as well.

F - It is important they control that market before June 14, 2014. Do you remember that language law? This morning on Iraqi TV they are now saying this language law is going to be implemented now. Talk about timing! The CBI is trying to get these 3-zeros the dealers sold to us back. The CBI wants us all to deposit these 3-zero notes into exchange offices all over the world. These final 3-zero, if they're not collected back, they will co-exist but you won't see them on the streets in Iraq. This is a very, very well done monetary reform. Everybody involved should be applauded and will become a model the IMF will use for other countries.

F - Let me add more excitement to it. I live in Ohio, right next to Michigan. Michigan has the largest population of Iraqis outside of Iraq. And the CBI knows this. The Al-Taifi Money Transfer Exchange Company (you'll see this on the CBI website) is in Michigan and is licensed by the CBI. The CBI was told to liberalize the exchangers. This is one example. These financial companies that are basically exchange offices - there are 33 of them licensed by the CBI. Al-Taifi is just one of the 33 money transfer exchange companies that represents the CBI around the world. The CBI is taking control not only of the currency but of the exchange process as well.

F - These 33 exchange offices are licensed by the CBI. This is a 100% guarantee all systems will work when the rates change. So, there it is. This is about as exciting as it gets. Let's give recognition to Nova and Memphis.

END OF INTEL PORTION OF CALL. Q&A WILL NOT BE TRANSCRIBED.

[DinarThug]

Frankie's Post Prior To The Above Conference Call - Along With The Articles Referenced ...

 

 

GREETINGS KTFA FAMILY:

FOR WHOM DOES THE BELL TOLL.........FOR THOSE THAT ARE WILLING TO LISTEN TO IT RING.

FOR WHOM DOES THE CLOCK TICK..........YOU MAY SAY FOR YOU WITH THIS INVESTMENT BUT I AM GOING TO TELL YOU THAT IT TICKS FOR THE CBI ALONE.

THE CBI CAME OUT TODAY AND SAID SOMETHING YOU NEED TO BETTER UNDERSTAND FAMILY.
~~~

 

  SURELY I UNDERSTAND THAT MOST OF US ARE NOT ECONOMIC MAJORS THAT CAN INTERPRET THE IQD'S MR AS IT IS BEING TOLD TO US BY THE CBI LITERALLY ....... SECONDS TO NANA SECONDS. 

THIS ACTUALLY CAUSES ME CONCERN FOR MANY OF YOU BECAUSE WE TEND TO BLEED WHERE THERE IS NO WOUND. 

A HANDFUL OF YOU FIND WOE AND DEPRESSION WITH EVERY ARTICLE WHEN IN REALITY IT IS FILLED WITH MOUNTAINS OF GOLD. YOU HAVE FORGOTTEN......MY GOD.....IT'S FULL OF STARS!!!

KTFA FAMILY......IT IS IMPARITIVE THAT YOU JOIN US TONIGHT ON OUR CC BECAUSE I AM GOING TO ASK NOVA TO DO SOMETHING VERY SPECIAL FOR ALL OF US. WHY? BECAUSE OF THE TIMING.

ACTUALLY HE WILL DO TWO THINGS FOR US......FIRST OF ALL HE IS GOING TO EXPLAIN "SPECIAL EVENT" AND THEN IN OUR SECOND HOUR OF THE CC WE ARE GOING TO OPEN IT UP TO QUESTIONS SOLELY ON ONE TOPIC.........WEALTH MANAGEMENT. 

NOVA HAS 25 YEARS OF BANKING, FINANCE AND WEALTH MANAGEMENT. WHY? BECAUSE YOU NEED THIS NOW......IT IS CALLED TIMING.

WHY IS TALABANI BECOMING VISIBLE RIGHT NOW......BECAUSE HE IS NEEDED......IT IS CALLED TIMING.

I AM ENCOURAGING ALL OF YOU TO JOIN US TONIGHT AND NOT LOSE OUT ON THE OPPORTUNITY TO HEAR A CRYSTAL CLEAR EXPLANATION OF HOW CLOSE WE ARE TO THE END OF THE MR. 

IF YOU WANT TO DO SOME HOMEWORK FOR TONIGHT......

STUDY WALKINGSTICKS POST #92 AND TRIFICATE DEEPER THE MEANING OF THESE THREE ARTICLES THAT COME DIRECTLY FROM MISTER ED. 

LOL......THE CBI. THERE IS NO ONE ELSE TO LISTEN TO AND THERE IS NO OTHER WEBSITE FOR RATES TO CONSIDER.

TONIGHT'S CC AND THREE ARTICLES ALONG WITH WEALTH MANAGEMENT GUIDANCE WILL PLACE THIS CC AT THE TOP OF OUR LAST FIVE YEARS WITH YOU. 

I GIVE YOU MY WORD OF HONOR THAT REGARDLESS OF WHAT THE "OTHERS" ARE SAYING ON THE INTERNET.......WHEN YOU ARE DONE LISTENING TO US TONIGHT YOU WILL FEEL LIKE RUNNING WITH THE BULLS IN SPAIN!!!

KTFA STAFF PLEASE BUMP THIS POST THROUGHOUT THE DAY. I DO NOT WANT TONIGHT'S CC TO GO UNNOTICED. IT WILL BE VERY POWERFUL WITH KNOWLEDGE.    THANK YOU KINDLY KTFA, FRANK

 

Central Bank agrees to do money transfer companies to open accounts directly with the bank



Board of Directors decided the Iraqi Central Bank to approve the money transfer companies to open accounts directly with the CBI Iraqi dinar and the dollar. 
According to a statement of the Central Bank said the central bank decided to do money transfer companies to open accounts directly with the central bank to carry out the purchase of foreign currency, including expands events Private auction of foreign currency and contributes to the stability of the exchange rate permanently.

http://www.alfayhaa.tv/Details.aspx?id=23339


Allowing money transfer companies to participate currency auction

21-04-2014 01:16 PM
Free -
Central Bank of Iraq, Monday, for allowing the money transfer companies to participate ERA currency, stressing that this would contribute to the stability of the exchange rate permanently. , the bank said in a statement that 'the management of the bank has agreed to do money transfer companies to open accounts directly with the CBI, (Iraqi dinar and the U.S. dollar) to carry out the purchase of foreign currency. " the bank said 'this process will expand special events auction of foreign currency and contributes to the stability of the exchange rate permanently.' and established the Iraqi Central Bank as a bank independent under the law issued on the sixth of March of 2004 , as an independent body, which is responsible for maintaining price stability and the implementation of monetary policy, including exchange rate policies are being daily sessions for 

http://www.ahraraliraq.com/index.php?page=article&id=29214


Mon, April 21, 2014 12:21
Central Bank agrees to do money transfer companies to open accounts directly

BAGHDAD / Baghdadi News ..

The Board of Directors approved the CBI to do money transfer companies to open accounts directly with the central bank in Iraqi dinar and the dollar.

According to a statement of the bank received / Baghdadi News / copy of "managing the CBI decided to approve the money transfer companies to open accounts directly with the Central Bank of Iraq (Iraqi dinar and the U.S. dollar) for the implementation of the procurement of foreign currency, including expands special events auction of foreign currency and contributes to the stability of the price exchange on a permanent basis. "Finished / p

www.albaghdadianews.com/economy/item/51002-AkBlK-AkLEKen-nNAJj-IkO-jnAL-yoEKAb-AkbGNnk-AkLAkn-BJbG-GYOABAb-LBAyoEة.html


Central Bank decides to enter the banking companies to auction currency "without broker"

Author: HA, HH, SSJ 
21.4.2014 11:02 a.m. 



Long-Presse / Baghdad 
Decided the Iraqi Central Bank, on Monday, to allow banking companies financial enter the currency auction "without broker", and stressed that this action will contribute to the stability of the price of "dinar" and expands the auction of foreign currency, as pointed out that those companies would be "a true partner" to support economy.

The central bank said in a statement received (range Press), a copy of "Central Bank Governing Council decided at its meeting held on Sunday, the money transfer companies to open accounts directly with the Central Bank of Iraq, the Iraqi dinar and the dollar to carry out the purchase of foreign currency."

The bank added that "this process will expand special events auction of foreign currency and contribute to the stability of the exchange rate permanently, as well as making these companies a true partner in operations supporting the economy and the stability of the Iraqi dinar."

The number of owners of companies banking financial, criticized Tuesday (3 December 2013), the clampdown that followed the central bank and the routine which controls procedures, and argued that they can not approach the office of any employee to ask about the fate of their transactions, as emphasized that the central bank Iraqi lacks regulations in its dealings, pointed out that what puts Bank of instructions and controls "and the harsh injustice."

The Central Bank of Iraq (November 24, 2013) seeks to amend the banking laws, including the proportion to the current situation, and pointed out that the money laundering law the most prominent laws that seek to modify it, while stressing that going to play a developmental role of the Iraqi economy.

http://almadapress.com/ar/news/29559/%D8%A7%D9%84%D8%A8%D9%86%D9%83_%D8%A7%D9%84%D9%85%D8%B1%D9%83%D8%B2%D9%8A_%D9%8A%D9%82%D8%B1%D8%B1_%D8%AF%D8%AE%D9%88%D9%84_%D8%B4%D8%B1%D9%83%D8%A7%D8%AA_%D8%A7%D9%84%D8%B5%D9%8A%D8%B1%D9%81%D8%A9_%D8%A5%D9%84%D9%89_%D9%85%D8%B2%D8%A7%D8%AF_%D8%A7%D9%84%D8%B9%D9%85%D9%84%D8%A9_%22%D9%85%D9%86_%D8%AF%D9%88%D9%86_%D9%88%D8%B3%D9%8A%D8%B7%22

                   

[new york kevin]

Oh Iraqi Topics, just double checking that this article was not in "Rumors" . Fricking alright. Is there a second source to verify this? Dynomite article.

[Nadita]

Brisco,

 

Been a long time  good to see you

 

Thanks for bringing it

[jeepguy]

brisco ------ I usually  can`t  get  through  a   one of his articles  but  man  this  one  has  a  good point  in it ,  thanks   to you and the  clownie  ,   we  now  have a place in Michigan  to see  for exchange !    

would  be  soooooooo   cool   if  they  re-valued at  the old  dinar rates 

[EagleEye]

perhaps my Eagle eyes were moving too fast but can someone please tell me where the June 14 date originates from ????? 

[Tubbs]

B   M

[Brisco]

Brisco,

Been a long time good to see you

Thanks for bringing it

Nadita thank you, and all is well here and I hope life has been treating you well also.

I added you as FRIEND because I've allways enjoyed your Honesty and Opinions.

RV/RI On

brisco ------ I usually can`t get through a one of his articles but man this one has a good point in it , thanks to you and the clownie , we now have a place in Michigan to see for exchange !

would be soooooooo cool if they re-valued at the old dinar rates

Jeepguy thank you also, glad to hear about that Michigan connection for you that's great.

I added you as a FRIEND because I've allways enjoyed your feedback and perspective on this journey.

RV/RI On

Edited April 22, 2014 by Brisco

[Driver]

perhaps my Eagle eyes were moving too fast but can someone please tell me where the June 14 date originates from ????? 

 

Don't know how or why June 14 is associated with the dinar; but June 14, 1775 is the birth date of the U.S. Army and in 1916 President Woodrow Wilson issued a presidential proclamation establishing June 14 as national Flag Day.