Keep Your Eyes On The CBI

[UNEEK]

It appears that many are  watching & talking about the  CBI - There were a few "emergency" (lol) conference calls today (My Ladies & Frank26)   and much talk about what the CBI is doing -  Below are just a few lines from Millionday's chat tonight -- she is still going strong and will likely be another 45 - 60 mins before closing - I also posted  2 articles that seem to have folks stirred   -- it all  is looking good for us -- I don't post much any more but thought this was something to  be positive about --  I hope I have this in the right place -- Mods I apologize in advance if I am in error and thank you for your assistance to proper place - UNEEK

 

 

7:54 PM] Josie: ""CBI HAS AGREED TO FINANCE THE BUDGET AND PAY FOR THE BONDS IN A BUY BACK"   "ALSO AS WE KNOW THIS DOES NOT TAKE FROM THE RESERVE" 

So, the CBI able to accomplish this in its' current financial state? Or would they need to Re-Value their currency in order to fullfill this statement based on what our current understanding is on the size and scope of upcoming budget ?  Please clarify

 

7:57 PM] Millionday: NOTE -- THEY HAVE RELEASED ONLY THAT THEY ARE GOING TO DO THIS BUT WE DONT KNOW THE DATE -----THEY ARE TO FINANCE THE OPERATION OF THE FOREIGN OIL OPERATING COMPANIES SO THIS SHOULD BE IN US DOLLAR FOR THE BONDS WHICH THEY HAVE DUE TO OIL SALES --

 

AND THEY ALWAYS HAVE US DOLLAR AT CBI BECAUSE OF AUCTIONS AND EXCHANGE OF PROCEEDS --- THE FUNDING OF THE DEFICIT WILL BE UPCOMING AS IT IS EXPENSES

 

[8:15 PM] Millionday: SO THEY ARE SAYING THAT THE BANKS WILL ALSO BOOST THE ECONOMY WITH INTERNATIONAL INVESTMENTS DUE TO THE LACK OF DEFICIT THEY SAY THIS IS A GREAT TIME TO ACTIVATE THE INTERNATIONAL INVESTMENT---

 

IT WOULD BE A GREAT TIME WITH THE ECONOMIC CONDITION OF THE GLOBAL ECONOMY ---

 

8:23 PM] Millionday: parliamentary Finance Committee, on Tuesday, for completion of the draft federal budget for the current year law within hours, he did not monthly grant for university students Cancel.

 

The committee member said Masood Haider Rustam in an interview / Baghdadi News / "The committee is now discussing the latest proposals on the federal budget law," expected "the completion of the federal budget bill during the evening."

 

"The Commission has completed the budget report fully," noting that "the doors fixed in the budget is still valid in the new draft law, including the monthly grant university students that has not changed so far."

 

[8:25 PM] Millionday: NOTE -- IT SAYS WITHIN HOURS OR THIS EVENING WOULD SHOW A FINISHED BUDGET BUT WE WILL SEE

 

 

CBI supports commercial banks and buy treasury bonds

January 27, 2015 16:00

Iraqi Central Bank has agreed to support the liquidity of specialized commercial banks $ 5 trillion dinars to enable them to provide loans to industrial and agricultural and providing loans to industrial and agricultural and providing housing and real estate loans in support of economic activity and job creation.

According to a statement obtained by direct a copy of which has been the central and also agreed to buy back treasury bonds from the secondary market, where the central bank will buy about 5 trillion dinars first stage of those bonds.

Note that previous actions do not affect the Central Bank of Iraq Special Reserve.  LINK

 

Central Bank decides to support banks five trillion dinars and finance the budget six trillion dinars

Tuesday January 27, 2015 12:37

the Iraqi Central Bank decided Tuesday commercial banks to support five trillion dinars and finance the budget six trillion dinars.

 

The bank said in a statement, "Alsumaria News" received a copy of which was "in line with the central bank's tasks and responsibilities in supporting the development and stimulate the Iraqi economy, and agreed Management Board of the Central Bank, among the proposals made ​​by the Bank's management,

 

including specialized support liquidity of commercial banks in the amount of five trillion dinars to enable them to provide loans to industrial and agricultural and providing housing and real estate loans in support of economic activity and job creation. "

The bank said it was "also decided to finance public Budgeting state $ 6 trillion dinars run through 50% of the deposits of commercial banks reserves with the Central Bank of Iraq,"

 

noting that "he also decided to buy back treasury bonds from the secondary market, where the central bank will buy about ( 5) five trillion dinars first of those bonds as a stage. " The bank said that "the actions taken by the Bank for upholding the private reserves of the Central Bank of Iraq."

 

The prime minister for economic affairs adviser to the appearance of Mohammed Saleh, in (December 25, 2014) that the Bank of Aakarz government If the low budget Iraq General indicating the direction to activate the budgets of development banks and funds housing.

 

The new law, the Central Bank of Iraq No. 56 for the year 2004 despite the objection of private banks on some of its articles, but he granted independence of the central bank's monetary policy in the administration of Iraq.  LINK

 

 

[vietnam1969]

Thanks Uneek for the post. Hope it goes off as we expect it to. Or should I say hope it does. 

[wildeman]

Thanks. Hopeful here too.

[UNEEK]

I am actually  a little excited tonight with all the good news that has surfaced - The CBI really has  been busy  and it looks like progress is being made with the budget  -  Lots to be positive about and happy  to be where we are -- 

 

 I have another reason to be excited - while admittedly a little embarrassed at the same time - I was digging in my freezer tonight  for something and found a bank bag stuffed on the bottom shelf in the  back - Inside was  some nice crisp  cold cash -- literally !!!    in the amount of 1 million dinar -- Ha Ha Ha -- It has been there at least  1 1/2 yrs and I had forgotten about it -  

 

Just a couple days ago I also found a $100 dollar bill folded and in behind some papers in a wallet that I had not carried in a year -- my year is getting off to a good start !!

 

Please tell me there are others here  who have done this -- Has anyone misplaced their Dinar and still looking for it?  

 

Surely I am not the only one -- That would really make me UNEEK   :) 

[ReinMan]

1-29-2015   Intel Guru TerryK   ...DC SOURCE TOLD ME NOT TO DISCUSS AS THINGS ARE MOVING. 

[which is first the   RV or The Budget?]   RV.  

[You still hearing the budget should be voted on tomorrow (Thursday)?]  YES I AM.

 

 

Another bovine squirt from TERRYK.

 

Stay grounded and wait for the excuse.....

 

"It's a process......."

"Chinese held it up."

"USA held it up."

"Obama held it up."

"Bank reform needed."

"Bank infrastructure lacks."
"CORRUPTION! ARRESTS! FINGERPOINTING!"

"HCL"

"ISX"

"Oil credits"

"Bonds"

"Money supply"

"Maliki"

"Parliamentary squabbling"

"Everyone's READY NOW."

"Only the CBI can say GO."  <<<-------truth