Frank - Article 8 Compliance ?

[DinarThug]

4-5-2018   Intel Guru Frank26   We have never been in this position before. 

Waiting for the re-instatement to be announced! 

When the 2nd article is released that is when everything will be activated.  

It will have the instructions for the citizens to go to specific banks to bring in the three zero notes. 

Have a change in their value which will be a whole lot better than what those three zero’s are.  

That’s why they are coming out with the 100 and 200,

the following week they will come out with the 5’s, 10’s,

the following week more and after that the fils.  

When they told you they closed the 2% that was the end of the MCP’s.  

They eliminated their multiple currency practice. 

[DinarThug]

4-5-2018   Intel Guru Frank26   When you have an official rate in the market that’s when you have Article 8 qualified and accepted. 

It’s why we’re simply waiting.  Nothing more.

ALL in Iraq are ready to move forward.  

Overall the window to show the new rate in this month of April is getting much more tight. 

Tighter.  More narrow. 

An economist predicted they would raise the rate by May.  ...

The word “by” means before May. ...

He did not say in May. ...

It is now a day to day, hour to hour wait. 

Alak told the world, 

Quote: “WE...ARE..NOW...READY! ”

[Pitcher]

Nice Thug.  I was just reading this.  Very interesting. Care to make a guess at the rate.  If not just make me laugh!!  

[DinarThug]

6 minutes ago, Pitcher said:

Nice Thug.  I was just reading this.  Very interesting. Care to make a guess at the rate.  If not just make me laugh!!  

 

Just Look At The Current Rate - It’s A Frickin’ Joke ! 

     

[Pitcher]

Ya, love it!!!!!!

[DinarThug]

4-5-2018   Newshound Guru Walkingstick  When they finally reveal the budget and they show it at the program rate there is a tight window for them to show it at the new rate. 

[ChuckFinley]

On 4/3/2018 at 11:24 PM, new york kevin said:

Interesting info to follow. I would feel better if it wasn't connected to a guru. Dispite that fact, thank you DT for your dedicated efforts. 

Same here. I would feel better if it  came from one of our own.  

[DinarThug]

4-5-2018   Intel Guru Frank26   ...I strongly believe they are done with the RI of their currency and      

      they KNOW this.  

1)  The process of removing the zero’s is complete! 

2)  The process of removing the restrictions from their currency is done! 

      Which is Article 8 compliance. 

3)  The process of reinstating their currency is complete! 

      All that is left is for them to implement this process...

 

Edited April 6, 2018 by DinarThug

[DinarThug]

11 hours ago, DinarThug said:

Central Bank: Progress payments system leaders to control the flow of funds

 

The central bank confirmed Thursday that the progress of the Iraqi payment system during
the last period has led to a large control over the flow of funds inside Iraq and the
provision of a comprehensive and accurate database of all remittances within the financial
and banking sector through a number of measures and precautions implemented. Including
the modernization of the payments system in all its components according to international
standards. 

The bank said in a statement received by "Economy News" that "this modernization was
aimed at absorbing the increasing volume of transactions carried out through this system
to be easily compatible with the various banking systems. One of the most important
systems operating in the Central Bank is the RTGS, In 2006 and the C-ACH Clearinghouse
System implemented in 2011, which provides a comprehensive database of all transfers
for the settlement of electronic instruments and inter-bank payment orders. "

He added that the central bank issued a set of instructions and precautions for banks to
reduce the risk of exchange of sukuk through the system. He pointed out that the central
bank directed to the establishment of the Iraqi National Payments Council, which includes
members from within and outside the central bank, which contributes to the development
of strategies for the development of payment and settlement systems Follow up their
implementation, and promote international best practice.

"The Bank has implemented a number of measures, including the implementation of IBAN
which aims to unify the bank account numbers of all banks operating in Iraq, which allows
banks to verify the validity of the transferred account number. Iraq has 23 ranks, and has
been included in the list of countries that deal with the international number, which does
not accept domestic or foreign transfers only within the criteria of the international number.

He pointed out that "in terms of the precautionary measures taken to regulate the transfer
of funds, especially with regard to electronic instruments that are transmitted through the
electronic clearing system and high amounts have been standardized security
specifications of electronic instruments drawn on banks for the purpose of preventing
fraud," as well as adding new functions of the system for the purpose of Enabling banks
and their branches to control the process of sending and receiving instruments and
preventing the passing of forged or stolen instruments by adding the function of ratification
of the instrument by the branch withdrawn for the government banks to be settled on time
 It enables the bank to stop any instrument and its location in case of theft or fraud. 

He explained that "the bank implemented the system of internal clearing between the
branches of the same bank, which enables government banks that do not have a
comprehensive banking system completed all transfers of branches and provide a
comprehensive database to conduct the process of matching efficiently between public
administrations and branches. 

The statement continued, "One of the important projects that the Central Bank has
implemented is the retail payment system infrastructure, which consists of the national
division that supports inter-bank clearing for transfers made by customers and
transactions through the use of ATM machines and points of sale through cards Which
is linked to the bank account, and the system of mutual payment by mobile phone
where funds will be transferred through e-wallets without the need for a bank account
and can also make transfers for payment of bills and shopping

Recently, the project of settling the salaries of state employees, based on the decisions
of the General Secretariat of the Council of Ministers No. 313 and 281, the transfer of the
system of payment of salaries to employees, including allocations and benefits to an
electronic payment system. By opening bank accounts for employees in banks
(government and private and branches of foreign banks) and issuing city cards linked
to the account to withdraw the salary through ATMs or through the process of buying
from points of sale at the lowest possible cost, as well as benefit from other banking
services (such as loans, Online purchases, savings accounts, etc.). As this project
contributed to the provision of liquidity within the banking sector and the optimum use
of financial and banking services inside and outside Iraq.

 

 

#################################

 

 

https://cbi.iq/news/view/658

Progress payments system pay by controlling the flow of money

April 05, 2018

Central Bank: Advance payment system by controlling the flow of money ... Click here

 

4-5-2018   Newshound Guru G-Lin   Article: 

"Central Bank: Progress payments system led to control the flow of money" 

Quote: "...through a group of The measures and precautions that have been implemented and are currently working on, 

including the modernization of the payments system in all its components according to international standards."   

Sounds like they are ready.

[Rmc10]

I sure hope so. I was ready 7 years ago. 😁

[ChuckFinley]

17 hours ago, Rmc10 said:

I sure hope so. I was ready 7 years ago. 😁

Hear you, 15 here.  

[DinarThug]

Frankie Python And The Holy Grail ... 

 

     

 

 

 

 

4-6-2018   Intel Guru Frank26   Article:  

"Is it time to delete three zeros from the currency?"   

THE ABOVE ARTICLE IS OUR HOLY GRAIL OF THE RI FROM THE MOUTH OF THE CBI GOVERNOR ALACK!!! 

EVERYTHING WE HAVE SHARED AND MORE IS PLASTERED ALL OVER THIS ARTICLE.  

NOTHING ...

ABSOLUTELY NOTHING AND NO OTHER WORDS MATTER AT THIS TIME AS WE SIMPLY...WAIT. WAIT!!!

[DinarThug]

4-6-2018   Intel Guru Delta   I AGREE WITH YOU BROTHER ...

CBI & GOI ARE READY...NOTHING LEFT...

[ChuckFinley]

4 hours ago, DinarThug said:

4-6-2018   Intel Guru Delta   I AGREE WITH YOU BROTHER ...

CBI & GOI ARE READY...NOTHING LEFT...

Thanks Thug, guess we are standing in the door waiting for the green light.

[DinarThug]

4 hours ago, ChuckFinley said:

Thanks Thug, guess we are standing in the door waiting for the green light.

 

In The Meantime U’ll Just Have To Settle For Another Blue Light Special From The Blue Couch !  

 

     

[Rmc10]

Even though I like reading what they post and think they have good info they say it's going to RV every 6 months. Lol

[navira45]

Funny thug. The only blue light special as far as I can remember when I first came to the US was at Woolworths (that was a long time ago...was just a kid, had no idea what it was then).

[ChuckFinley]

1 hour ago, DinarThug said:

 

In The Meantime U’ll Just Have To Settle For Another Blue Light Special From The Blue Couch !  

 

     

I remember it as a kid at Target.  

[murd11]

The U.S. dollar isn't weakening against the dinar. It's because of China threatening to have a trade embargo against the States. You can turn it anyway you want to.

[bigwave]

4 minutes ago, murd11 said:

The U.S. dollar isn't weakening against the dinar. It's because of China threatening to have a trade embargo against the States. You can turn it anyway you want to.

Fortunately the US holds a $580 Bn import advantage over China.

 

IMO We will easily win that one.

 

Peace,

 

Come on RV

[Rmc10]

Didn't Kmart have blue light specials? 

[ChuckFinley]

3 hours ago, Rmc10 said:

Didn't Kmart have blue light specials? 

They did, years ago. It seemed everyone had one.

[Rmc10]

25 minutes ago, ChuckFinley said:

They did, years ago. It seemed everyone had one.

 

That's the one I remember from my childhood before Walmart took over. 

[Rmc10]

Seriously why did I get a neg for that? I am a nice person. I deserve greenies. 😂

[ChuckFinley]

2 hours ago, Rmc10 said:

Seriously why did I get a neg for that? I am a nice person. I deserve greenies. 😂

I got you covered.