blueskyline

Lets just say the Old Zimbabwe notes are kindle fire for firewood . Agreed ? Okay ... That still does not stop the plans for a NEW Zimbabwe Dollar . "Zim piling up gold, diamonds to back new currency: VP" The VP is now President of Zimbabwe ...."USA Tells Zimbabwe To Drop USD And Use Its Own Currency"...."Trump Tells Mnangagwa To Stop Using US$"...."" There have been reports that the country, under President Emmerson Mnangagwa, is looking to re-introduce the currency as the country starts rebuilding its economy."...." AfDB Leading Talks With Zimbabwe, Creditors to Clear Arrears"......"Donald Trump Envoy Announces Massive Business Influx Into Zimbabwe Under Mnangagwa"(yes Trump sent an envoy)...S.2779 - Zimbabwe Democracy and Economic Recovery Amendment Act of 2018115th Congress (..... President Donald J. Trump Signs S. 2779 into Law FOREIGN POLICY Issued on: August 8, 2018........................ Posted October 2, 2018 https://www.google.com/amp/s/zwnews.com/zim-dollar-is-back-again-rbz-john-mangudya/amp/.................................."Zimbabwe Dollar returns as RBZ announces reintroduction of Foreign Currency Accounts."........ ALL NEWS On Wednesday, August 8, 2018, the President signed into law: S. 2779, the “Zimbabwe Democracy and Economic Recovery Amendment Act of 2018,” which amends the Zimbabwe Democracy and Economic Recovery Act of 2001........." Zimbabwe government de-dollarises, piles taxes on transacting public"...... ://www.thezimbabwemail.com/main/zimbabwe-local-currency-bounces-back/..... Zimbabwe local currency bounces back............" "Zim piling up gold, diamonds to back new currency: VP 2017-07-29 11:00 News24 Correspondent  "(once again . the VP is now the President of Zimbabwe )......... "Zim dollar expected to make a comeback, says VP Chiwenga"......... "Zim leader hints on plan to bring back dreaded Zim dollar – report"........"Reuters. Zimbabwe Promises New Currency as Dollar Shortage Bites"..... All this Useless Drivel (its okay to call it that ) is posted in the Foreign Currency Section under Zimbabwe Currency . The old currency is done for . Plenty of articles to prove that . But that does not stop what Zimbabwe is doing to produce a new Zim dollar to help replace the mess they have created from their past . As for "The Collective " I don't fault them . Maybe their Intel source wrong ? Who knows ? GN DV's....... Onward ..... January 12, 2019 10:30 PM January 12, 2019 10:30 PM

Thank You Mary ....

Thank You Buti . GM DV's ..... ( ? )

"It also has an in-depth understanding of dollar-based transactions that rely on Iraqi reserves in the US Federal Reserve."

Born in July 68' Pitcher ......http://rawabetcenter.com/archives/81598/amp........ Drawing up lucrative economic policies for both sides in Washington and Baghdad Homepage Issues and Analyzes Articles On January 3, Iraqi Foreign Minister Mohamed Ali al-Hakim expressed his displeasure at US sanctions against Iran. "The sanctions, the blockade, the so-called embargo, are unilateral, not international," he said. We are not obliged to [follow them]. " The comments came two weeks after the United States issued a 90-day exemption to allow Iraq to continue importing natural gas and electric power from Iran. The renewal came after Iraq's 45-day exemption, which was allocated along with the re-imposition of US sanctions on Iran on November 4. Despite these hawkish statements, Iraq has indicated its intention to comply with US sanctions and move towards energy independence while at the same time asking Washington for some flexibility in terms of its power shortages (especially during the summer months). In the next 90 days, the two governments will have to agree on a practical confidence-building program and allow longer-term exemptions, similar to the 180-day exemptions available to most Iranian energy buyers. Iraq's compliance with US sanctions Iran-Iraq energy transfers are a potential source of much-needed hard currency for Iranian security agencies. For example, last May, Washington imposed sanctions on one of Iraq's major banks and on its president, who has wide connections to their role in transferring millions of dollars from the IRGC to Hezbollah. Iran has historically used Iraq as a source of the US dollar, which is prohibited by sanctions. So Washington has three ongoing concerns about Iraqi trade with Iran: Payments to Iranian electricity. Iraq imports between 500 megawatts of electricity from Iran in the winter and 1200 MW in the summer at a cost of about $ 1.2 billion per year. Among the terms of the US exemption, Iraq must pay for that in dinars, not US dollars. Purchases of Iranian gas. The report of the "BP" of the "Global Energy Statistical Review" in 2018 that the export of gas from Iran to Iraq amounted to 154 million cubic feet per day (or 13% of the current Iraqi gas supply), allowing Baghdad to generate what At least 1,000 MW of electricity, with plans to increase it to 4000 MW. Under the exemption, Iraq is required to keep Iran's revenues from this gas in a [conditional] guarantee account, which can only be used to finance bilateral trade. Other Iranian efforts to secure US dollars. In late 2011, the demand for the US dollar in the currency auctions by the Central Bank of Iraq more than doubled, corresponding to the rapid depreciation of the Iranian riyal, as multilateral sanctions put pressure on the Iranian economy. Although the bank began taking steps in 2015 to ban suspicious buyers in response to US concerns that the Islamic state was exploiting auctions, concerns remained about Iran's access to auctions due to poor regulation at exchange offices and front companies [Mirror Companies]. Eliminating auctions is a remote possibility, but the bank has managed to reduce its profitability by narrowing the gap between official and actual exchange rates from 6.25 percent in 2017 to 2 percent by mid-2018. Focus on energy independence The United States encourages Baghdad to reduce its dependence on Iranian gas and electricity by harnessing its abundant and untapped potential. Iraq currently wastes about $ 2.5 billion of natural gas a year as a result of its burning, or 1.55 billion cubic feet per day (ten times the amount imported from Iran). US officials have warned Iraq that the next extension of the exemption deadline will require him to present a clear plan aimed at achieving energy independence and showing concrete steps towards implementation. Washington prefers Iraq to diversify its energy sources. In July 2018, Saudi Arabia announced its willingness to cooperate in a plan to supply Iraq with electricity at $ 21 per megawatt-hour, a quarter of the cost of Iranian imports. Jordan may also be ready to export electricity to Iraq, and Turkey has thought of increasing its supplies across the border to Mosul. In addition, during the recent visit by US Energy Secretary Rick Perry to Iraq, he mentioned the potential import of LNG from the United States and other vendors. These options have reduced the price of expensive imports from Iran. According to BP, Iraq buys Iranian gas at $ 11.23 per thousand cubic feet, compared to $ 5.42 paid by Germany for gas far from Russia, or $ 6.49 paid by Kuwait for liquefied natural gas, or $ 7.82 by Japan Compared to LNG. Policy recommendations In the next 90 days, the US government first needs an inter-agency political debate to ensure that the National Security Council, the State Department, the Treasury, the intelligence community, and energy management agree on the same goal. Energy experts in these agencies also need to make clear what possible proposals for Iraq are in a 90-day time frame. Similarly, money and sanctions experts should assess the risk of transferring Iraqi payments to Iran and the related ability of Iraqi financial institutions and their monitors to comply with the terms of the exemption. In addition, the next extension of the exemption period should be issued with a less arbitrary duration, together with a set of interim indicators that can be implemented and measurable. These may include: White Paper [Iraqi Official Report] on Energy Independence. It is logical to expect Iraq to draft this book and ratify it by the Energy Committee of the Council of Ministers within the next 90 days. The report should provide a prioritized and sequential road map to increase gas retention and strengthen the electricity sector by the summer of 2019 (for example, the last effort could include a gradual collection of electricity entitlements with the assistance of the World Bank and reducing energy leakage by renewing distribution networks). Memoranda of Understanding. The prospect of Iraq signing large deals with energy companies during the first 45-day grace period may have been unrealistic. Such deals are usually of great value and require the approval of the Iraqi Council of Ministers, which was only partially formed on 25 October - a week before the United States began its 45-day deadline. More realistic is the expectation that Iraq will sign memorandums of understanding and key elements of agreements with international companies in the next 90 days. However, Washington must estimate that Baghdad has received a number of competing proposals for gas capture and management of the electricity sector, and therefore will probably try to combine it and force service providers to work together - a slow process even in the best of circumstances. At the same time, the United States is right to expect progress this summer, when combined drought and heat lead to a new and destabilizing electricity crisis. Energy Charter between Iraq's Neighboring Countries. The United States, Germany and other parties should work to bring Saudi Arabia, Kuwait and Jordan together on the sidelines of the Middle East Strategic Alliance meeting in Amman on January 9 to discuss electricity exports to Iraq. Monitoring US dollars. The US and Iraqi authorities should continue to share strongly information about the worrisome trends in demand for the US dollar within Iraq, dubious cross-border wire transfers and questionable Iraqi exchange offices. While Iraq and Iran seek to expand bilateral trade from $ 12 billion to $ 20 billion, Washington is likely to closely monitor such activity in general. It also has an in-depth understanding of dollar-based transactions that rely on Iraqi reserves in the US Federal Reserve. Exposing bad actors. The CBI should identify and prohibit exchange offices and front companies seeking access to the US dollar on behalf of Iran through Iraqi currency auctions. In this regard, the Bank has blacklisted more than 200 exchange offices suspected of involvement in illegal financial activities since 2015, some of which have been jointly listed with the United States. Strengthening the banking sector to face evasion of sanctions. The cash-based economy in Iraq makes it difficult to limit Iran's evasion of sanctions by monitoring demand for the dollar and wire transfers alone. In order to reform Iraq's financial sector, the country needs dynamic support [and] technical assistance in converting public salaries from cash payments to bank debt. In addition to efforts to bring additional trade finance to the formal sector, US and Iraqi authorities should communicate with banks, financial companies and business actors in key sectors, raise awareness about the legal standards of US sanctions and possible consequences of doing business with some Iranian entities. Washington should also provide technical assistance to increase the ability of regulators to implement regulations combating illegal financing. Although the United States seeks to achieve its own interests through these measures, every aspect of its policy on Iranian sanctions is useful to Iraqis. Their leaders should use wasted Iraqi gas instead of buying Iran's high-cost imports. They should also be willing to have a more diverse group of electricity suppliers so that people have greater value, reliability and autonomy in the energy sector. They should also be willing to improve financial controls, promote transparency in the economy, maintain its integrity and protect Iraq's vital link to the international financial system. The US Embassy in Baghdad should use all available channels to ensure that the Iraqi people understand how sanctions can facilitate these benefits. Washington Institute

Thank You Pitcher , LB . GE DV's . This is all very interesting because the story is . The US is sending ships carrying Marines in order to help remove troops from Syria . This does not sound nor look like a Troop removal from Syria . Unless perhaps they are going to further restage Troops in Iraq . At any rate . Go USA ...

(zeros electronically) ................?

Thanks for the last article Ron . WS seems to be A Very Great Man to share so much . If true Hopefully .....

Thank You Yota . GA DV's .... "Iraq loses 8 million dinars a day ?

https://en.mehrnews.com/news/141343/Currency-reconversion-not-a-turning-point-in-economic-reformation...... Mehr News Agency Economy 9 January 2019 - 12:25 By Haniyeh Sadat Jafariyeh Currency reconversion not a turning point in economic reformation TEHRAN, Jan. 09 (MNA) – One of Iran’s main economic policies, under the framework of the sixth five-year development plan, is modification of banking system and reformation of monetary policies, moving forward toward which the Rouhani administration put forward the plan to shift the national currency from Rial to Toman earlier in December 2016 by eliminating specific number of zeroes. However, the administration decided to postpone implementation of currency reconversion policy in 2016 due to some reasons including the expressed concerns about the time unfitting economic conditions which would ignite inflation and economic instability. The policy basically seeks to facilitate monetary transactions among the Iranians and match the currency being transcribed in official documents and banking bills (rial) with the one utilized in real daily lives of Iranians (toman). Rial has practically been replaced by Toman in daily transactions as the result of the cumulative inflation over the recent years. On Saturday, the Central Bank of Iran (CBI) submitted the bill on lopping off four zeroes of the national currency to the cabinet, the act which drew public attention to the issue again, forming a chorus of criticism and speculations. Through its proposed bill, the CBI seems primarily able to re-empower the depreciated national currency, tangibly decrease the ever-increasing liquidity volume, and make a nominal reduction in prices of goods and services in the country. The most remarkable achievements of implementing the bill, however, would be a psychological one among the society. Shifting from rial, the free market exchange rate of which is presently about 110,000 against the U.S. dollar, by cutting four zeroes to toman may cover the psychological aspects of the inflationary impacts of rial devaluation, which has unprecedentedly increased prices in Iran. It is said to be able to recover national currency’s value against U.S. dollar to some extent and cool down the inflated prices, as well. Omitting zeroes from the national currency would surely facilitate calculations and money transfers in daily transactions and would seemingly retaliate for the sharp recent rial devaluation but it should not be expected to improve Iranians purchasing power at all. It would not have any specific impact on economic indices, inflation, investments, job creation or demand and supply, either. As a matter of fact, economic stability and single-digit inflation rate are the most significant prerequisites of implementing currency reconversion while Iran is experiencing none of the named factors. Currency reconversion per se would have an inflationary effect. To curb its inflationary impact, it must be done simultaneous with taking contractionary measures and modifications in monetary policies. In addition, printing new banknotes and injecting them to the market would impose an amount of costs on the shoulder of the central bank. Addressing the issue in an interview with the Tehran Times, the Iranian economist and President of Iran World Trade Center Mohammad Reza Sabzalipour said that “the government aims to hit several targets with one shot.” “It seeks to control money and liquidity volume in the society i.e. cutting four zeroes would change the present 17 quadrillion rials (about $404 billion) of liquidity down to 1.7 trillion rials (about $40.4 million) overnight,” he explained, “but the zeroes will incrementally come back and liquidity will be increased over time, in case CBI continues printing fiat money.” “The act would appease the public opinion just for a short time when they see the price numbers of the goods and services are decreased but after a while when their income also comes with lower zeroes, they will find out that what has happened has not improved their commonwealth,” he added. “There is no reason for us to consider a national currency with less zeroes a more valuable one,” Sabzalipour said, “having a strong economy is not necessary related to having a national currency with low number of zeroes but to positive trade balance and high quality of the nation’s livelihood.” “The decided monetary reconversion is mere a political and a psychological move,” he underscored. What the government is getting prepared to do should not be expected as a revolutionary step in Iran’s economic and banking reformations, that would bring the nation a better livelihood and a more prosperous economy. It is a postponed measure that has not been implemented in previous years due to lack of proper economic conditions and it is being done under the circumstances that the country is experiencing the toughest economic conditions in its history thanks to the U.S.-led draconian sanctions and when a rampant inflation rate is expected for the upcoming Iranian year. The costly currency reconversion would, for sure, facilitate money transfer and calculations in daily transactions and also reduce the volume of exchanged paper money and etc., but its effect would be neutralized and the omitted zeroes would snap back one after the other in the long-run, in case of monetary mismanagement or any other unpredicted international, political or economic event which would threaten the economy. MNA/TT

thanks buti

The average citizen will NEVER receive warning from either governments or the financial powers unless they are able to read between the lines in speeches such as this one on what is being worked on, and what is coming. Because all one has to do is remember back in 2008 when CNBC went out of their way to tell us how solvent and stable Bear Stearns was, only to see it vanish forever just four days later, with Congress having to push through a bailout under the guise that this crisis could bring about the institution of Martial Law. http://www.thedailyeconomist.com/2018/06/central-banker-lets-slip-that-global.html Buti . I'm reading this article again 8 months after you posted it. Once again . Is something being pushed through but as a National Emergency and not " under the guise that this crisis could bring about the institution of Martial Law."

Good Morning Nannab , Yota ,DV's...

http://alzawraapaper.com/رفع-الحواجز-الكونكريتية-من-أمام-البنك/........ Lifting the concrete barriers in front of the Central Bank January 9, 2019 8:58 PM Number of views: 46Author: alzawraapaper BAGHDAD / Baghdad: Baghdad Operations Command announced on Wednesday the lifting of concrete barriers in front of the central bank in the center of the capital and the lifting of the control of the entrance to Al-Saadoun Street. The Chief of Staff of the General Staff, Major General Hamid Jarallah, said in a press statement that the leadership "lifted the concrete barriers from the bank The center, "he added." As the control of the entrance of Saadoun was lifted in the center of the capital. "It is noteworthy that Baghdad is witnessing from time to time the reopening of many closed streets for years for security reasons and the lifting of concrete barriers, which is reflected positively on traffic.

Thank You LGD ! Great Read ... Very Compelling !