For everyones reading pleasure!
Frank’s CC Monday 8/22/11
Frank speaks of his new website how it is evolving and metamorphosing to no longer answer when and where but to prepare us for proper stewardship.
Frank opens with a hymn and prayer.
Frank says he misses all of us; posting, calling, etc.
Frank says it’s not easy what his team is doing. He’s been tired of the redundancy with answering the same questions over and over and over again. But he and Tink have dedicated themselves to us. It’s just been really taxing on them because many of us are “not coming to class” to learn about this/their investment. So, he’s changing things up now. He explains again about how he’s changing his website by backing away for a while to do this.
Frank is going to sell Dinars from now on. He will have only a few sponsors from now on and will not charge his sponsors.
Frank will speak of the lower denoms tonight, but after he speaks of his site first.
Frank asks that many of us to stop asking about what the rate and date are going to be. He speaks of us learning to apply proper stewardship with this soon coming blessing.
Frank talks about how to order dinar from him.
Frank speaks of some individuals with need for selling 4 million and 1 million dinar. Contact Frank at (don't promote other sites or post personal contact info)
Frank says many have twisted his and Delta’s information from the past 2 weeks.
Frank says please do not expect to see articles immediately after intel has been given to the family.
Frank clarifies intel from past couple of weeks.
Frank speaks of Delta saying he heard Shabibi on Iraqia TV say they are going to remove the 3 zeros. Frank says to Delta to go ahead and release this info to the family. Shabibi is speaking about the 3 languages on the currency meaning this is coming very soon! They are ready!
Frank says, Shabibi, is talking out loud, sort of defiantly letting us know this is almost done.
The latest thing Frank’s team was astonished about; GOI draft of monetary policy is presented to the parliament and accepted the draft; they did not pass it yet. Frank explains how GOI and Shabibi need to join together in harmony and work together for this to come to fruition and completion. Frank feels that they are now beginning to mesh together like a marriage. Frank mentions the article from SHABIBI…financial committee (<<CBI) speaks of the GOI and will meet again to change the monetary policy. Finance Committee meets Iraqi Central Bank Governor الأحد 21 اب 2011 Sunday August 21, 2011
Met Haider Abadi, head of the Finance Committee on Tuesday, 16/8/2011 Mr. Shabibi central bank governor, and also discussed the project to delete the zeros of the Iraqi dinar and the reasons and legal requirements and accounting and procedural preparations conducted by the Central Bank of the process of printing, transporting and distributing the new currency as well as Commission's role in providing financial support for this project.
For his part, Shabibi that the new currency attributes(functions, levers, mechanisms, security features of the physical currency) are difficult to falsify in addition to the fortifications that put the new currency and explained that the project if implemented(<<Shabibi hinting at GOI) will strengthen the Iraqi dinar exchange rate against foreign currencies.
At the end of the meeting the two sides agreed to hold further meetings to continue discussions on the project.
Latest CBI inflation figures are over 6% now. Frank says, it can’t touch 7% or it will be big trouble for Iraq. Frank mentions Eagle 1’s posting about us seeing the RV rate on the CBI on a Tuesday or a Thursday;
Just to repeat what I've already shared on a CC with Frank and Delta, and posted (I think) last week on the forum, because this is an international banking transaction at its core, international banks only conduct business of this nature on Tuesday, Wednesday and Thursday. With Friday being a holy day in Iraq, it seems highly unlikely that any announcement would take place on a Friday (except perhaps in a mosque under very limited and controlled conditions).
Although it has been a number of years since I left the banking field, I did spend several years both in consumer and in international banking, and served as president of Union Bond & Trust Company for a couple of years during its formative stages. Unless banking has changed a whole lot since I was in it, things still only happen on Tuesday - Thursday that affect world-wide transactions -- and that includes currency revaluations (or devaluations).
We will see the rate show on the CBI site first! Then everyone else will follow with that information.
Today’s articles show us what transpired last Wednesday about the lifting of the three zeros, about to put out new fils, new coins and add power to their currency. They met and are going to meet again tomorrow and talk about the monetary policy.
Bluestar poses some questions - Frank and bluestar jockey back and forth quickly; sorry every, too fast to keep up typing with.
Bluestar inquires about some fluctuations on the Forex thinking that something has been showing up lately on the forex counters. Frank says don’t pay attention so much to this. It’s the brokers and sellers jockeying back and forth.
Frank speaks of how huge things have been the last 14 days. He says imagine how big things we will see in the next 2 or 3 weeks if we go that far. Transparency is becoming ever clearer.
Frank speaks of the Iraq inflation – could the inflation rate be a window between 6 and 7%; could this be a window? No mention of the M2 CBI figures. Frank just now sees the inflation is 7.1% this is cause for consternation at this point.
Frank this was posted a few days ago, but shows inflation was 7.1% in July.
Was 6.4% in June.
That would mean approximately 7.8% in August,
and September could be 8-9% . They better do something soon.
THURSDAY, 18 AUGUST 2011 16:07
BAGHDAD: Iraq's core annual inflation rate quickened to 7.1 percent in July from 6.4 percent in June, driven mainly by higher housing rental prices and an increase in the cost of building materials, a central bank official said on Thursday.
Deputy Governor Mudher Kasim told Reuters the slow response by government in addressing Iraq's chronic housing shortage had continued to push prices up.
"60 percent of Baghdad families do not own houses," Kasim said.
Iraq faces an acute shortage of houses after years of war and sanctions and needs between 2-3 million new homes for its growing population, officials have said.
The housing shortage is a pressing demand for Iraqis and progress on the ground to address the problem has been slow, mainly due to a lack of finance.
The government hopes a sharp fall in violence from the sectarian strife in 2006-07, and a new investment law allowing foreigners to own land for
Iceman comes on call and says that HE HAS SEEN THE LOWER DENOMS WITH HIS OWN EYES! Even roughly a year and a half ago but not in circulation.
Frank speaks of how CBI and GOI are “smack talking” the world about their soon to be implemented monetary policy.
Frank explains that the contacts from whom his broker gets their dinar from a bank in Jordan then at the CBI have seen the new lower denoms. They are no longer being hidden in the back but are in view now and they see them with their own eyes but they are not released just yet.
Frank reports that Delta is on assignment looking for something and if he finds what he is looking for they will report it.
Frank starts to wind down the call and ends with song and prayer.