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Breitling - There Is An Article Out There From One Of The Gurus !


DinarThug
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CNN. Broadcasting On FOREX While Waiting To Get Upgraded To FIVEX !

 

 

1-5-2018  Newshound Guru Breitling  There is an article out there from one of the gurus talking about how the US Treasury in conjunction with Iraq and the reason there is a delay in the revaluation is because the UST is working with the CBI so they can put the Iraqi dinar on the FOREX.  

No.  Unfortunately the UST has nothing to do with the FOREX and neither does the CBI.  

The FOREX is not regulated by the United States of America…

There are only 8 currencies traded on the FOREX

I guess they can post the value on the FOREX, but you can pull up the value anywhere.  

So it’s kind of ridiculous…it doesn’t fit.  It just doesn’t work this way.  

The UST has noting to do with it what so ever.  

The UST doesn’t even control the value of the US dollar…so that doesn’t make any sense

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1-5-2018   Newshound Guru Kaperoni   Article: 

"Integrity: Adjust red-handed staff organized fake bills estimated at one billion dinars in Salah al-Din"  

As I said in the past. a lot of the opposition to currency reform was the tribal areas where counterfeiting is everyday practice. 

To go after these areas is a start and will hopefully create a better climate for the CBI to proceed with reforms.

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1-5-2018  Guest Guru Dahl68  Yesterday, I contacted the United States Treasury (UST),

Office of Foreign Assets Control (OFAC),

Assistant Director for Sanctions Compliance & Evaluation.  

Essentially, the OFAC office responded that the amendment simply codified and implemented Executive Order (EO) 13668,

which was signed back on May 27, 2014.  

Transactions with Iraq are allowed; …

There were, and are,

a number of EO's that have been promulgated since the Iraqi invasion of Kuwait in the 1990's.  

These include EO 13303, 13315, 13350, 13364, 13438, and 13368.  

All of these EO's are codified and implemented by the UST at 31 CFR Part 576,

The Iraq Stabilization and Insurgency Sanctions Regulations.  

The last EO signed by President Obama (13368) in 2014 removed the prohibitions put in place by EO 13303. 

Specifically, and of interest IMO, is 31CFR 576.206(a)(3),

which refers to,

"Any accounts, assets, investments, or any other property of any kind owned by,

belonging to, or held by the Central Bank of Iraq,

or held, maintained, or otherwise controlled by any financial institution of any kind in the name of,

on behalf of, or otherwise for the Central Bank of Iraq."

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1-5-2018 Guest Guru Dahl68  ...It was interesting to me that no one had mentioned this yet since this includes the IQD.  

Under EO 13303,

all of these financial instruments (including the IQD) and execution thereof,

were regulated as "null and void."  

Under EO 13668, these prohibitions and protections were removed.  

IMO, the federal regulations associated with Iraq are now caught up and current.  

Considering the recent lifting of UN Sanctions,

and also the UST's connection to the IMF,

it looks like a green light to the IMF and CBI to proceed,

understanding that the UST has significant influence over the IMF.

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1-5-2018  Guest Guru Dahl68  As stated in a recent article by  Adnan Abu Zeed,

Iraq is once again controlling their own economy.  

If we look at the amendment to 31CFR 576, section 526.206

"Protection granted to the Development Fund for Iraq,

Iraqi Petroleum and Petroleum Products,

and the Central Bank of Iraq" has been completely removed.  

If we look at the transitions of the EO's over the years,

we go from all transactions being prohibited,

to allowing outside entities to invest in the IQD,

to now having almost all sanctions completely removed.  

The only sanctions that remain in effect are those that apply to specifically named individuals and entities as identified by OFAC.  

IMO this is a line of bread crumbs from the UST, to the IMF, and ultimately to the FOREX.

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http://www.almaalomah.com/2018.....06/270619/

With the support of the United Nations .. Abadi is preparing to launch a comprehensive project for "reconciliation and zeroing"


11:20 - 06/01/2018  

%D8%A7%D9%84%D8%B9%D8%A8%D8%A7%D8%AF%D9%
 

The new newspaper "Al Arabi" on Saturday, the intention of Prime Minister Haider Abadi to introduce a new project for national reconciliation "comprehensive" and "reset problems," noting that the project has the support of the United Nations.
The newspaper said in a report to see the information that "Prime Minister Haider Abadi is working on a comprehensive project of national reconciliation to the various political forces," indicating that "the draft includes several items, including the prohibition of Iraqi blood, and comprehensive reconciliation and zeroing to the previous problems and include a paragraph in the Constitution Iraq criminalizes sectarianism and national racism, and agree on moderate religious discourse. "
"The project will be binding on all, with the formation of a high committee of heads of blocs, parties, judges and academics to activate its provisions, under the auspices and support of the United Nations, which is the most important tasks that the Iraqis to accomplish after the disappearance of the era of" Or return a more horrific version of it. "

The newspaper quoted a high-ranking official in the office of Abbadi, stressing that "the seriousness of the project, which considers Abbadi impenetrable dam to ensure that the situation in Iraq is not deteriorating again and the loss of blood that depleted the meeting of the liberation of its territory from the organization," noting that "the project that Abadi to put forward is a comprehensive national reconciliation, And a whistling of problems. "

"The draft also includes several items, including the prohibition of Iraqi blood, including a clause in the constitution that criminalizes sectarianism and national racism, the agreement on moderate religious discourse, and non-addressing of contentious issues and compensation for those affected by previous sectarian strife, And the Kurdish issue and the issue of Kirkuk and the emphasis on the civil state. "

He pointed out that "the draft final form must be completed within a short periodsuch as the promotion of the Declaration of Victory on the organization of urging and prevent the return or return of religious extremism again," noting that "the United Nations fully supports the project, but there are parties and bloc within the National Alliance "The ruling in the country, most notably the coalition of the rule of law and the Bloc of Badr and virtue and the Supreme Council are reserving some of the paragraphs on some paragraphs, and trying to formulate them in accordance with their political appetites, and also those who believe that the success of the project and respond to him will be counted as a success of slaves in a manner that weakens them electrically or popularly in the south and Baghdad"

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1-6-2018  Newshound Guru MilitiaMan  Article:

"With the support of the United Nations .. 

Abadi is preparing to launch a comprehensive project for "reconciliation and zeroing"…

National Reconciliation is (imo) a last step to becoming UNITED politically and culturally…

Along with that is the UNITY of a countries National Currency and one that has no restrictions,

no multi currency practices associated with it without acknowledgement and approval from the IMF. 

(imo) The National Currency once National Reconciliation is full achieved "may become" fully International and with both the Kurdistan and Iraq Language on it.

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1-6-2018  Newshound Guru MilitiaMan  ...We have learned the new currency that will work in the ATMs will be of the lower denomination classes,

all the while banks and their employees are now educated on the matter as of the present time…

We now also understand there is a new Holiday that will go down on the 10th of January in perpetuity for all of Iraq…

That is UNITY and UNITY is coming in the short period…wink…

Zeroing is in my opinion the Delete the Zero project, Zeroing out from 20i7 into 2018

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LINK

Parliament holds its meeting today without a budget

Parliament holds its meeting today without a budget 
 
2018/1/7 10:02
The House of Representatives is held on Sunday, its regular without the draft bill the financial budget for 2018 to the agenda.

The table includes the completion of voting on the proposed law of the Nursing Syndicate, the report and discussion of the proposed law of the House of Representatives and its composition, and the report and discussion of the draft law amending the Penal Code contained in Penal Code No. 111 of 1969 amending and other special laws No. 6 of 2008. 

It also includes "the report and discussion of the draft law on the rights of Turkmen, and the report and discussion of the proposed law of Samarra, the capital of Islamic culture."
Resized Image
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What about the Law that allows for the prosecution and hanging of every Iraqi that colluded to steal 100's of billions of IQD from the Iraqi people and government unless they return every single IQD. The total amount stolen regardless if it remains in cash or has been converted to hard assets such as real estate (mansions) , cars, etc. Plus the law that prosecutes and hangs everyone that colluded with ISIS and or its affiliates. What about those laws ? What about the HCL

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***///

 

Dang NYK !  One miracle at a time, son !    :P

 

TheCLOWNTHUG is workin' as hard as he can ... as soon as he hears about a rope party for those guys,

he'll send you your invitation !  :lol::partyhat:

 

Meanwhile, start gatherin' up all yer old shoes... this ain't gonna be the kinda party where they throw confetti ! ;)

 

.

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5 hours ago, SgtFuryUSCZ said:

***///

 

Dang NYK !  One miracle at a time, son !    :P

 

TheCLOWNTHUG is workin' as hard as he can ... as soon as he hears about a rope party for those guys,

he'll send you your invitation !  :lol::partyhat:

 

Meanwhile, start gatherin' up all yer old shoes... this ain't gonna be the kinda party where they throw confetti ! ;)

 

.

 

‘Ladies, a very HAPPY NEW YEAR, glad to have you back. Trust all is well :twothumbs:

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1-7-2018   Newshound Guru Kaperoni   Article: 

"Iraqi and US banks will meet in Washington"   

Love this..."the Iraqi financial sector needs to activate its development role is commensurate with the capabilities of the country 's economic that require banking services capable of dealing with large numbers"   

It continues to amaze me when someone posts "no float". 

Do you really think the CBI could RV the currency with 34+ trillion sitting in Iraqi homes?  

It is simply not possible.  

As stated in the IMF Article IV from 2012, I believe once the dinar is stable (within 2% spread) the IMF will give the green light to move to Article VIII and let the CBI move to a more flexible exchange rate (float). 

We need to wait this out, which could be several months.  

The good news is that until currency reform begins, there is no private investment. 

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12 minutes ago, siberian_shaddow said:

Someone keeps hurdling red stones at you Thugs, 

 

Ya, Wtf - The Phantom Negger Is Insecurely At It Again And Also Got Sarge’s Gals ! :blink: 

 

 

But Don’t Worry I Had Already Plussed Them Earlier And Hooked Them Up Phat With Some Of My SPF 486 Teflon Makeup ! :o 

 

:D  :D  :D 

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27 minutes ago, DinarThug said:

 

Ya, Wtf - The Phantom Negger Is Insecurely At It Again And Also Got Sarge’s Gals ! :blink: 

 

But Don’t Worry I Had Already Plussed Them Earlier And Hooked Them Up Phat With Some Of My SPF 486 Teflon Makeup ! :o 

 

:D  :D  :D 

***///

Haters gonna hate ! :ph34r:<=== That's right Phantom Negger... we see you ! <_<<_<

 

Guess they're age-bigots in our case and absolute beauty-haters in THUG's case  ! :P

Thanks CLOWN ! :wub:

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21 hours ago, DinarThug said:

With the support system" rel="">support of the United Nations .. Abadi is preparing to launch a comprehensive project for "reconciliation and zeroing"

%D8%A7%D9%84%D8%B9%D8%A8%D8%A7%D8%AF%D9%
 

The new newspaper "Al Arabi" on Saturday, the intention of Prime Minister Haider Abadi to introduce a new project for national reconciliation "comprehensive" and "reset problems," noting that the project has the support system" rel="">support of the United Nations.
The newspaper said in a report to see the information that "Prime Minister Haider Abadi is working on a comprehensive project of national reconciliation to the various political forces," indicating that "the draft includes several items, including the prohibition of Iraqi blood, and comprehensive reconciliation and zeroing to the previous problems and include a paragraph in the Constitution Iraq criminalizes sectarianism and national racism, and agree on moderate religious discourse. "
"The project will be binding on all, with the formation of a high committee of heads of blocs, parties, judges and academics to activate its provisions, under the auspices and support system" rel="">support of the United Nations, which is the most important tasks that the Iraqis to accomplish after the disappearance of the era of" Or return a more horrific version of it. "

The newspaper quoted a high-ranking official in the office of Abbadi, stressing that "the seriousness of the project, which considers Abbadi impenetrable dam to ensure that the situation in Iraq is not deteriorating again and the loss of blood that depleted the meeting of the liberation of its territory from the organization," noting that "the project that Abadi to put forward is a comprehensive national reconciliation, And a whistling of problems. "

"The draft also includes several items, including the prohibition of Iraqi blood, including a clause in the constitution that criminalizes sectarianism and national racism, the agreement on moderate religious discourse, and non-addressing of contentious issues and compensation for those affected by previous sectarian strife, And the Kurdish issue and the issue of Kirkuk and the emphasis on the civil state. "

He pointed out that "the draft final form must be completed within a short periodsuch as the promotion of the Declaration of Victory on the organization of urging and prevent the return or return of religious extremism again," noting that "the United Nations fully supports the project, but there are parties and bloc within the National Alliance "The ruling in the country, most notably the coalition of the rule of law and the Bloc of Badr and virtue and the Supreme Council are reserving some of the paragraphs on some paragraphs, and trying to formulate them in accordance with their political appetites, and also those who believe that the success of the project and respond to him will be counted as a success of slaves in a manner that weakens them electrically or popularly in the south and Baghdad"

 

1-7-2018   Newshound Guru Kaperoni   Article: 

"UN support .. Abadi is preparing to launch a comprehensive project for "reconciliation and Zeroing"  

Makes you wonder what it all entails...

"the project in its final form must be completed within a short period,"...

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CNN. Broadcasting While Waiting For These Frickin’ Bankity Banks To Get A Rate They Can Live With !

 

 

 

Businessmen, money, traders, industrialists and bankers calling for new criteria for the classification of banks in Iraq
 
1/4/2018 4:27:34 AM

 


Baghdad / Al-Masala: The "obelisk" published proposals by a number of businessmen, finance, traders, industrialists and Iraqi bankers, to the Iraqi Central Bank for the purpose of promoting the banking business in Iraq, and contribute seriously in the reconstruction process, and make Arab banks and foreign and Iraqi, .

The Central Bank of Iraq earlier approved the opening of branches of Arab and foreign banks in Iraq, in order to diversify banking services and quality, in the hope that these banks added value to the Iraqi banking sector and contribute to the development of various economic, and this is also hoped we As businessmen, especially industrialists, where we had good news from the entry of these banks to Iraq, and we hope that these banks to finance development projects or at least provide facilities for Iraqi businessmen, and financing their businesses and projects, especially industrial ones, but none of them did not happen and did not A work that would lead to a real addition to the Iraqi economy, except their entry into the currency auction and a high rating.

We have made sure that the branches of Arab and foreign banks do not provide services on the basis of which these branches have been opened. Therefore, we have made the following recommendations to the Central Bank officials, in order to develop the banking sector and facilitate banking services. These points are:

- The criterion of evaluation of Arab and foreign banks should be the size of the facilities provided to Iraqi businessmen and Iraqi companies owned exclusively by Iraqis, in order to prevent the entry of the currency auction.

- The criteria of evaluation should be the commitment to implement and complete what was mentioned in the feasibility studies provided by the Arab and foreign banks when opening their branches in Iraq, in which they mentioned the contribution to the development of the banking sector and the contribution to development and reconstruction. Otherwise, Before the bank, it is prohibited to enter the currency auction.

- The Central Bank shall monitor the quality of services provided by branches of Arab and foreign banks, in comparison to their quality in their countries of origin, and in the case of deterioration of these banks in providing good technical service prevents the entry of currency auction.

- Give greater role to Iraqi employees and their senior positions in the bank and training and cooperation to prevent local banks in the field of training and otherwise reduces the classification lowest degree in the auction currency.

- The classification of the branch of the Arab and foreign banks shall be according to the criteria according to which the Iraqi Bank shall be classified regardless of the classification of the banks in their countries of origin.

- The Central Bank to reconsider the entry of branches of Arab and foreign banks in the project to settle government salaries because it is sovereign and where the amount of salary amounts to a degree of confidentiality, it is not correct to inform non-Iraqis and inventory in Iraqi banks.

- There should be a study to assess the comprehensive and all aspects of the work of Arab and foreign banks in Iraq to show the extent of added value in the banking sector, especially the economic in general, and in the case of non-performance role in the added value referred to prevent banks from the auction currency.

- To confirm the completion of the amount of insurance put by Arab and foreign banks to 50 million dollars and otherwise prevents the entry of currency auction.

- The bank carries out the banking business for all customers of different segments of society and otherwise prevents it from entering the currency auction.

- Ensure that the highest assessment of the entry of the auction currency does not exceed the classification of "c" for Arab and foreign banks after the commitment to all the commitments made in the economic feasibility study, because the capital of banks $ 50 million, while the capital of Iraqi banks 250 billion dinars, equivalent to four times Capital of Arab and foreign banks.

- Emphasize the opening of branches of these banks in Baghdad or in the provinces and the evaluation shall be on the number of branches and the number of employees, otherwise the evaluation of the auction of the currency on the size of the bank and includes:

a. Preparation of branches.

B. Number of Employees.

C. Number of customers.

If the Arab and foreign banks do not have branches and the number of customers is very few does not exceed "100" customer and the number of employees does not exceed "25" employees and there are no banking activities for customers, businessmen and traders, surely their records are clean and there are no errors and is consistent with standards, There is work for him.

 

Iraqi banks and criteria of currency auction classification

- Calculating the bank's founding foot and adding a point for each year.

- Calculate the number of branches in Baghdad and the governorates, and add a point for each branch.

- The calculation of the number of Iraqi employees, adding three points for every 100 employees, which encourages the recruitment of the largest number of graduates.

- These standards encourage Iraqi banks to rise to the level of developed international banks.

- Confirmation of completion of the capital to 250 billion dinars, otherwise reduce the number of points according to the capital of the bank.

- Compliance with Central Bank standards "Compliance, Money Laundering, Risk".

As well as Iraqi banks that have no branches and do not deal with banking operations and there are no customers have, and certainly will be their records clean.

 

A group of businessmen, finance, traders, industrialists and Iraqi bankers

link

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1-8-2018   Newshound Guru Kaperoni   Article: 

"Businessmen, money, traders, industrialists and bankers calling for new criteria for the classification of banks in Iraq"   

Deposit insurance and currency reform are a must.  Nobody is coming to invest until the CBI does these.
 

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