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Tankwalker

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  1. This is the latest post from Tlar..... Commentary by Tlar. -We should get what ultimately will be definitive results on a preliminary release from the Election Committee on Monday. Iraq may be more democratic than the US. There was a 70% turnout of eligible voters in Abar and a 77% turned out in Basra. Iran who tried to once again get Iraq to pick Maliki for a third term by pressuring the blocks last week to back him has found that their push has fallen on deaf ears. They attempted to have the Quds Forces talk to the blocks in hopes of breaking one of the coalitions but have come to the conclusion that the solidarity between the opposition blocks can't be broken. ~~~ The big four in the group, the Kurds, the Shia splinter groups, the Sunnis and the Sadrists are hanging firm on their demand to see Maliki gone. So Iran has publically told Maliki they cannot go against the will of the Iraqi people because they don't want to be seen on the wrong side of this issue once the results are public. They have stated that they are in agreement that Iraq needs a different government and told Maliki they will no longer press for a third term for him. Maliki's hopes of a third term is all but gone. Estimates of the opposition numbers on the final count could be as high as 225 out of the possible 328 MP's. That is more than enough to form a new government without Maliki. -There is a move a foot to get the budget passed by next week. The stopper we know is the Kurds but once the votes come in next week it is my opinion that the present parliament will negotiate, read and vote on the budget quickly. As long as the winds of change are validated through the vote tally and Hakim becomes the new power broker, I believe a deal will be made immediately with the Kurds behind the scene. They are scheduled to have more meetings on the budget as this parliament will be active until June 14th. Nujaifi the President of Parliament (POP) has said this parliament will continue to meet until the budget is approved or the next parliament takes office. The National Alliance will also have a meeting in the next few days to sort out the position of PM. Even the SOL will attend. I think the SOL will back whoever Hakim suggests to be PM because the party is in disarray and their leaders probably will be prosecuted or leave the country soon. So those in the SOL, the rank and file members wishing to positions as head up committees etc. in the new parliament, IMO will be jocking for position in the next government and will most likely not want to be seen as having their back against the wall. The heads of the SOL have already said they will nominate Maliki but they know its a futile attempt. Iraq may be issuing arrest warrants even before the new government is seated. The call is out to close the airports and borders to corrupt politicians and it is anticipated arrest warrants issued before they can escape Iraq. That has got to make for alot of very nervous DAWA and SOL politicians. Before the elections Maliki sent one of his people to Europe with tons of cash to try to buy/bribe votes from absentee voters. His guy took the money and disappeared and nobody can find him. Poor Maliki. He just can't get a break. -The CBI and Turki in particular has not said much about the coming money change over the last year and a half. Most articles talking of deletion of the zeroes have been from the FC, EC or economists giving their opinions on when and how. Since Friday Turki has talked to the press now twice. I sent you both articles. What he stated is astronomical to me for a guy who has said virtually nothing about this project for so long. The first article indicated they were waiting on the GOVERNMENT ELECTIONS TO BE SETTLED. It also said WE ARE READY to delete the zeroes. He also said that it is imperative that Iraq be prepared BEFORE HAND (not a float) to change the accounting systems in Iraq. The second article from Turki stated WE ARE READY and WE WILL DO THIS BY THE MIDDLE OF THIS YEAR. Recently the CBI has made some very important moves. They have reprinted the crossover notes to eliminate counterfeiting. They are replacing the existing notes as this commentary is being written. It's a good move. My opinion is and has been that the condition of the existing notes are so poor that Iraqi's will voluntarily swap fast to the new notes. Just prior to releasing the new notes, an article came out telling Iraqi's not to destroy, write on, tear, stamp or sign the currency. We did not know at the time but that article was talking about the new currency, not the stuff that had been circulating 10 years. Iraq is mainly dollarized and most transactions are being done in US currency but it is important to make sure "mafias planning to rig the currency" is not used as an excuse anymore. More than that, they have to protect these notes, the 250, 500, and 1000 before they have value. The old notes are easy to counterfeit. -The bank last week also changed the rules dealing with currency. Transfer Companies are for the first time allowed to set up accounts directly with the CBI, bypassing the middleman. This is intended to assist in rate control removing what had been at least a two tier system and sometimes a three tier system, to now being a one tier system. We know that the CBI also changed the rules for independent banks wishing to sell USD to the public. They now require any independent bank wishing to sell USD (their largest profit center) to deposit all dinars they are in possession of into an account at the CBI and draw out the USD against that balance. This means that all these banks had to give every dinar they had to the CBI and continue to do this as they collect dinars from sales of USD. A very good move if you intend to substantially raise the value of the dinar. IMO all electronic accounts will be reduced three zeroes as the currency increases. The CBI just took away the possibility of these banks benefiting a windfall from the rise in value of the dinar. The CBI has set up and electronic accounts for these dinars. It is also my opinion that the only beneficiaries of this change will be anyone who holds the currency including Iraqi's themselves. Everything in Iraq will have to be reduced by three zeroes. Salaries, hard good, rents, contracts, budgets, living expenses such as gas and electricity, food, debt of any kind, real assets value, stocks and yes both private and business banking accounts. IMO you can't pick and choose. For this to be successful, as the currency goes up, everything will go down. There are no articles to support this one way or another but it is my belief that a person who has 50000 in the bank account will wake up the day after to 50 dinars. It will have the same value as before but 3 zeroes will have been removed. The person who has 50000 under his mattress will hit a windfall bigtime. He will be able to walk into the bank and swap for 50000 new notes orr set up an account. Argumentatively I know it is hard understand this concept, but I feel good that this is the way will happen. -Next week should be a good week. If as expected Maliki is out, we should see movement fast. The new power is already beginning debates on the position of PM starting this Sunday. I think it will quickly be agreed upon. Most of the hard issues as to what positions go to which blocks should be settled and voted on the week they convene, June 15th as their first order of business. Enjoy the articles, PS we ARE close. ~ Tlar
  2. I'm with you Rayzur and also feel this is exciting news. Not sure exactly what it means but sure seems like something to take notice of. I actually posted a chat log last week regarding Western Union and new SWIFT codes but it didn't get much attention but I believe it was in preparation for what we are now seeing. Here's the thread.... http://dinarvets.com/forums/index.php?/topic/175958-swift-codes/
  3. I have seen several posts from different "gurus" on other sites regarding the swift codes and have to the more trusted DV site to see if anything is being mentioned here and haven't seen anything on it. I may have missed it...sorry if I did. Admittedly, I don't fully understand the swift codes and how they apply to the RV but thought I would bring over a few rumors and see if there are any thoughts. From 4-9-14.... [millionday] today the information was brought in by GRRR about the swift codes -- all of those that dont remember or were not invested at that time know that it has been a while since the announcement of the swift code placement going on were very exciting ans we will discuss why [millionday] the thing is this for those of you that have not been following this from before [millionday] each bank that does international banking or in a summary and kind of shortened way -- can do any kind of electronic banking are given these identification numbers [millionday] when the report came out concerning the beginning of the swift codes -- we danced in the streets ~~~ [millionday] so lets look at what we have now [millionday] also they have meaning in those codes -- each digit represents one meaning or the other --we have an explanation we will look at but know this - when we looked at them before -- representative of a portion of the code was "xxx" - not anymore - brb with some of this info [imperator] The SWIFT network is a messaging infrastructure, not a payments system, which provides users with a private international communications link among themselves. The actual funds movements (payments) are completed through correspondent bank relationships, Fedwire, or CHIPS. Movement of payments denominated in different currencies occurs through correspondent bank relationships or over funds transfer systems in the relevant country. In addition to customer and bank funds transfers, SWIFT is used to transmit foreign exchange confirmations, debit and credit entry confirmations, statements, collections, and documentary credits. [millionday] we are not going to fly through this so those of us that are not familiar with banking the point is made to us all - international banking can be tricky so this will help [millionday] SWIFT code is a standard format of Bank Identifier Codes (BIC) and it is unique identification code for a particular bank. These codes are used when transferring money between banks, particularly for international wire transfers. Banks also used the codes for exchanging other messages between them. The SWIFT code consists of 8 or 11 characters. When 8-digits code is given, it refers to the primary office. [millionday] note -- this is simply stating that each digit means something [millionday] the reason that we as a researching group are excited is that these codes are complete for Iraq - here comes more - this is the explanation of the code [millionday] First 4 characters - bank code (only letters) Next 2 characters - ISO 3166-1 alpha-2 country code (only letters) Next 2 characters - location code (letters and digits) (passive participant will have "1" in the second character) Last 3 characters - branch code, optional ('XXX' for primary office) (letters and digits) [millionday] now when the beginning happened and they only had he three XXX [millionday] so lets look at this [millionday] Currently, there are over 7,500 “live” SWIFT codes. The "live" codes are for the partners who are actively connected to the SWIFT network. On top of that, there are more than 10,000 additional codes, which are used for manual transactions. These additional codes are for the passive participants. The registrations of SWIFT Codes are handled by Society for Worldwide Interbank Financial Telecommunication (“SWIFT”) and their headquarters is located in La Hulpe, Belgium. SWIFT is the registered trademarks of S.W.I.F.T. SCRL with a registered address at Avenue Adèle 1, B-1310 La Hulpe, Belgium. [millionday] welcome to all that have just come in [millionday] The registrations of SWIFT Codes are handled by Society for Worldwide Interbank Financial Telecommunication (“SWIFT”) [millionday] now that the info is over and the exciting part is coming up -- get ready [millionday] here is the example of the first list on the formal [millionday] 1 ABU DHABI ISLAMIC BANK BAGHDAD ABDIIQBA 2 AL BARAKA TURK KATILIM BANKASI A.S. ERBIL BRANCH ARBIL BTFHIQBA 3 AL RAFIDAIN BANK BAGHDAD RAFBIQBA 4 AL-BILAD ISLAMIC BANK FOR INVESTMENT AND FINANCE BAGHDAD AIIFIQBA 5 AL-HUDA BANK BAGHDAD BHDAIQBA 6 AL-IRAQIA FOR MONEY TRANSFER CO. BAGHDAD IRAQIQBA 7 [millionday] the name of the bank and the code - there ar 57 that are able to have a code due to standards but - do you see this code for iraqi bank codes ? smile -- here is what it is [millionday] Send money within the US with Western Union Family and friends are especially important during this time of year. Wherever you need to send money in the world, from the convenience of your couch or on the go, you can count on Western Union with special pricing starting at $1 fee. Price your transaction here. Make pickup convenient for friends and family. Send to one of our more than 45,000 agent locations in the US or directly to your receiver’s bank account. We offer pickup in minutes across the US.** You’re busy, so try our free mobile app to transfer money quickly while on the go. Read more at http://www.westernunion. ··· cgoFK.99 [millionday] whoooopow - now it has been a while since the beginning of this project and now they have an Iraqi swift code implying business and that is huge huge woooopow [millionday] i have to say the investment bank is also outside of Iraq by base ] this is absolutely huge news [millionday] The United States hosted a top level Iraqi interagency delegation to participate in the March 3-7 Iraq Business Week activities in Washington D.C. Iraqi Deputy Prime Minister Rowsch Shaways led a 30+ member public and private sector delegation to network with scores of major U.S. firms and explore expanding business opportunities in Iraq, now the United States' 27th largest goods trading partner. The delegation – which included Iraq’s Minister of Trade and the Chairman of Iraq’s National Investment Commission – addressed trade and investment challenges in Iraq, and discussed external financing options and their potential to assist in Iraq’s development. The trip culminated with a Ministry of Trade delegation visit to Houston, TX to explore establishing a trade facilitation office, and travel by the Deputy Prime Minister to New York City where he met with a number of additional U.S. firms. [millionday] development bank swift cones to this >>>> http://totalannuityrates ··· 04&gid=1 [millionday] so this is great great news fo this to be done and prepared This one is from today.... Newshound Guru Millionday all swift codes are established for international banking...it appears that western union is set up -- the lower denoms and coins are distributed into the banks...they have passed many many foreign investment laws and they are in washington about the economic policies having some very important meetings -- hmmm -- dont hold your breath because it is unhealthy but oh boy cross everything!! And on 4-10-14.... Sager: Swift Codes For Iraq. I believe this is new, but would need confirmation: http://www.theswiftcodes.com/iraq/ Zeke : Greetings .......... whats shaken !!!! No "Passive" code on any bank in Iraq. A passive code indicates manual transaction. Do not know if that is good or bad. Maybe Nova could help out on this. SWIFT Code or BIC code are part of ISO 9362 standards. It is a standard format of Business Identifier Codes (“BIC”). BIC sometimes also refers to “Bank Identifier Code”SWIFT Code or BIC Code is a unique code to identify financial and non-financial institutions. These codes are mostly used when transferring money between banks, especially for international wire transfers or telegraphic transfer (“TT”). The codes are also used in exchanging messages between banks. .... The code consists of 8 or 11 characters. If only eight characters code is given, it is assumed that it refers to the primary office. The characters are made up of, •First 4 letters :- bank or institution code •Next 2 letters :- ISO 3166-1 alpha-2 country code •Next 2 letters or digits :- location code ◦if the second character is “0″, then it is typically a test code instead of the code used on the live network. ◦if the second character is “1″, then it indicates a passive participant in the SWIFT network. The code used for manual transaction. ◦if the second character is “2″, then it indicates a reverse billing code. It means that, the recipient pays for the message instead of usual mode whereby the sender pays for the message. •3 letters or digits :- branch code, optional (‘XXX’ for primary office) http://swiftcodes.net/ ************ Sager » April 10th, 2014, IMO, I take this as EXCELLENT news (not being passive is very telling imo ************* Zeke: Sager .......... I totally agree !!!! If no manual transaction(s), on any bank, would that not indicate "Electronic" Transaction(s) ??? If that be the case .......... wouldn't it stand to reason that an "International Status" is viable NOW ???? ************ NOVA » April 10th, 2014, It's Both Good & Bad..The Swift Codes Have Been In Place For A Few Years. But You Have Been Unable To Use The Codes With The IQD It Does Look Like They Have Been Updated A Little, So This Might Speak To The IQD Going International Quite Soon. BAD Because We All Want To Know The Date!!!!!! Nova ************************ Stage3Alpha:
  4. Thanks SnowGlobe and LGD for your insight. While I'm still not convinced this is a good thing, you guys got me thinking and gave me a little hope
  5. I hate to say it but I tend to agree with this thinking. It just wouldn't seem to make sense to continue printing the large notes if they have any intention of RV in the near future. Even after a modest RV these large notes would not be something they would want in circulation and I also agree with Dogsutra, any large government transactions would typically be done electronically. Really hoping someone smarter than me can help me see it differently.
  6. I know....it's SteveI but just thought I'd see if anyone here that has a better understanding of ISX thinks there is anything to this. Post From don't promote other sites By Stevel Greeting PD Members, This post is going to be very factual regarding this investment we all have invested in. In February I was sent some financial information regarding the ISX. I want you to follow the money now. Just yesterday I got this information. The key is to read it very closely and word for word and understand the actual importance of this huge message. ::::::: ... A cross transaction occurred on IQD3.03bn Union Bank of Iraq (BUOI) shares on Feb. 27, 2014. This represents 1.2% of BUOI capital. (This last phrase relating the percentage of capital has never been in their reporting!!!) WOW! No wonder the ISX has shut down the sales of its stock! Look at these numbers, am I reading this right!?!?! If I am, we are set for some absolutely EXPLOSIVE GROWTH!! We got into the ISX just in time!! IQD 3.03bn= 300million USD this = 1.2% of BUOI capital. The true capital is just shy of 30 billion USD 152 billion in Outstanding share price just on the those merits alone makes each share worth $.50 USD per share! I think I found the missing # for the equation, it was 1.2% of 3.03Bn IQD! The ISX has shut down orders because all the cross trading has driven the, “Reality rate” way up. It’s hard to sell a stock for .015 cents when it’s worth $.50 per share!! Oh, BTW, $.50 times 200k shares is 100K USD! BEFORE THE RV!!!!! Here is one of many supporting articles to support this. Proposal to merge small banks and the formation of a development bank shareholder 03/04/2014 BAGHDAD / JD / .. suggested the parliamentary finance committee, small local banks merge with each other to form a development bank shareholder is able to finance large investment projects in the country. A member of the committee MP Hassan al-Bayati told / JD /: that a central bank by requiring local banks to raise their capital to the roof (250) billion dinars longer true and positive for the banking system in Iraq. He added that the central bank's demands not to impose sanctions on banks that can not raise its capital to 250 billion dinars, but should encourage those banks to merge with each other to form an Iraqi bank shareholder development helps to finance major investment projects in the country. The Iraqi Central Bank announced its intention to withdraw the licenses of five community banks for their inability to raise capital. Has complained about the number of private banks from the central bank measures towards the work of banks, which it described Palmakdh. He had demanded that the Association of private banks the central bank's decision to withdraw licenses to wait a number of local banks as a result of its inability to increase its capital. LINK This information is coming from some very qualified people that know the stock market inside and out. On February 27th, just a few short days ago I got this from one our team members. Lots of afterhour trading!!! Al-Iraq Brokerage Firms (buy) & (sell) executed International Cross to Union Bank Of Iraq on Thursday Feb 27 2014, in traded shares (3,031,372,000) billion shares in additional session time after 12 o'clock. Umal Rabieain Brokerage Firms (buy) & (sell) executed International Cross to Mousil Bank For Development on Thursday Feb 27 2014, in traded shares (737,000,000) million shares in additional session time after 12 o'clock. Subject: The ISX Compared to Neighboring Stock Markets Look at the neighboring indexes!!!! Below closing levels of stock market indices in the Middle East: Dubai's index rose 1.3 percent to 4099 points. As Abu Dhabi's index rose 0.5 percent to 4892 points. Qatar's index rose 0.6 percent to 11516 points. As Saudi Arabia's index climbed 0.2 percent to 8930 points. Oman's index rose 0.2 percent to 7173 points. Bahrain's index also increased 0.2 percent to 1318 points. only Kuwait's index fell 0.2 percent to 7843 points. in Egypt index rose 0.3 percent to 7591 points. Do you think ISX will stay at 112.50 points???????? This dam is about to burst!!!!! I do not know about you, but I am confidence just from the facts that we are so very close to having this investment payoff sooner rather than later. According to Ray's sources, we should see the budget getting voted on this week. Many of you keep saying, especially the negative people and ones that have no clue that the budget has nothing to do with a change in the Iraqi currency. Fine, you go believe what you want. I base my beliefs on facts only. It is what it is and the facts point to a change very soon. I also forgot to mention this: As you know, I check the CBI, DT, ISX, etc. almost every day for trends and have others that watch as well. I am encouraged to see that DT has increased their prices again. I am referring specifically to the price they will buy dinar back from you. Today the price for uncirculated currency went up to $830 and the price for circulated went up to $790! The sale price of $980 has not moved so this means the spread is getting tighter. Always a good sign!!! All I can advise you is keep your information current with us if you want to participate in a gathering after this blessing has finally materialized. I am more than ready and so are you. See you very soon. Start planning. Have a safe week and keep your hopes up high. Do not buy into the predictors that said it was done yesterday. Blessings, Steve
  7. DiveDeepSix, granted I am a relatively new member here to this site so I don't know about your friends, however I have a hard time believing that most *** people would not find some of the things you stated as hurtful..... "The Skittles come in to an area and force everyone else to put up with their BS way of life even if it means destroying the values this country was founded on. They destroy and mock marriage and family values, and push their sick way of life on little kids (that is a pedophile, Tiff can stick it). Don't I have the right to not let my kid sleep with a homo at a Boy Scout camp? Why would these kids even know what it meant? That's the sick part." I appreciate you seeing my point that unfortunately many business owners would take advantage of a bill like this and claim "religious freedom" and I understand your thoughts that any business owner with a brain would want to make money, but unfortunately not all business owners can put their views aside and think with their brains. As far as the Russian controversy at the Olympics, I don't believe that every or far that matter even a majority of *** people are trying to convert minors so they can act on their pedophile desires.
  8. I guess the other side of that question Tbomb is, are they asking for our (the U.S. Treasury) input on their budget or are we taking it upon ourselves to advise. Buti, curious on your input.
  9. Well I have to say....I don't doubt your "OUTRAGE". Unfortunately when someone spews so much discrimination and hate it just proves why the Governor was right to veto this bill. I think the main problem is that people would have taken advantage of this bill and discriminated against not just the LGBT community but many lifestyle choices they don't agree with. All in the name of their "religious liberties" being compromised. This is just a very slippery slope for our country to slide down and would set us back in the progress that's been made regarding discrimination. I don't believe that a photographer or florist for example should be forced to participate in a *** wedding if it goes against their religious beliefs however this bill would have opened to door for so much more than these scenarios. I agree that something needs to be put in place to protect business owners from discrimination suits in situations like this but like the governor stated this bill was way too broad. And I have to say....."Pedophiles"....really? That is an ignorant and hurtful comment to make.
  10. Tbomb I understand your frustration that these types of posts don't get as much attention as they should. I agree that any other posts from the media are controlled and probably distorted much like our media here in the U.S. and that this is where we should focus our efforts. In regards to the U.S. Treasury meeting....is it normal for our treasury department to have any input on their draft budget as it states? I don't remember hearing in the past that The U.S. was involved in Iraq's budget talks.
  11. I have only been following the dinar about a year and a half, when my hubby bought some dinar and told me after the fact. I will admit I started out extremely skeptical and then that turned to very hopeful when I started exploring different dinar sites and didn't know better about the gurus. I went from skeptical to thinking I was going to wake up to an rv every morning. Of course it didn't take long for reality to sink in about these gurus. Since I have become a member on this site, I now have a more realistic view of the chances of an rv. I have to admit though that this article along with the article discussing a decision by the CoM that contracts must be paid in dinar has gotten me feeling pretty excited and hopeful right now. Admittedly not as excited as I was the first time Okie posted he was landing but since I am wiser now this is the closest I have felt to that Here's to hope!
  12. Thanks for your research on this Tbomb. It definitely sounds promising.
  13. Thanks for working on it....you are such a sleuth. I really value the opinions and research of all the members on this site and you can always on TBomb to do some digging
  14. Interesting Read with links....any thoughts? Post From Bondlady's Corner Post By Tlm724 [tlm724] Good morning everyone, first let me tell you that BondLady extends her apologies for not being here, she is slammed at work [tlm724] okay here we go, this is important and I will be as brief as possible [tlm724] Iraq Is Positioning itself for a big move !!!!!!!!!! [tlm724] Let's begin by going back in time for a moment. Please have a quick look at this article posted by BondLady on June 5, 2012 [tlm724] 2012 ! Iraq is expected to become full member of WTO within two years June 5, 2012 Most likely a member of the Economic Committee in Parliament MP Amer Jassim winner, Iraq’s accession to the WTO during the next two years, confirming the presence of several obstacles have made Iraq away from the world trade market. ... Read More Link On Right The winner (of the Agency news): The Iraq’s accession to the WTO needs to stabilize the economic and political in the country, noting there are constraints have made Iraq away from her Ktzbzb the local currency against hard currencies as well as the lack of resolution of the project to delete the three zeroes from the currency. He added: that non-rising standard of living of the Iraqi people as it takes to cancel the ration card was also blocked the entry of Iraq into the WTO, global trade because the market does not recognize the government support being linked to other countries and the ration based on government financial support. He continued that the bilateral differences between the Governments of Arbil and Baghdad, with respect to oil and gas also deprived Iraq of accession, in addition to the unstable political situation in the country, all of which made Iraq away from world trade, saying it needs to be enough time maybe two years in order to Iraq will be eligible to join the the world Organization. http://almadapaper.net/news.php?action=view&id=67072 [tlm724]"noting there are constraints have made Iraq away from her Ktzbzb the local currency against hard currencies as well as the lack of resolution of the project to delete the three zeroes from the currency. [tlm724] They didn't go forward with the currency reform and that is what has impeded them from becoming a full member state of the WTO . [tlm724] We have seen the CBI change things as far as the auctions , all dinar must deposited into the CBI . [tlm724] Much to the dismay of the traders, banks etc.. This brings in the currency and does not allow for any further circulation via the other banks or traders [tlm724] Now let me show you all an announcement on the Iraqi Cabinet website (The Council of Ministers) Feb 23. 2014 : [tlm724] yesterday Wink General Secretariat of the Council of Ministers calls on state institutions to implement financial Altzmadtha local currency 02/23/2014 14:34 Called on the General Secretariat of the Council of Ministers and the Supreme Judicial Council, the ministries and departments not associated with the Ministry and the provincial councils and all not to enter any financial obligations in foreign currency amounts paid within Iraq and that commitment is performed exclusively in Iraqi dinars. She said the legal department at the General Secretariat of the Council of Ministers of the Office of Information and Communication said the government also included a call in the event of GATT install the necessary costs in foreign currency should be mentioned Mikablha local currency (Iraqi dinar) according to the prevailing exchange rates. The call came at the Notes CBI / Directorate General for private investments in this regard the fact that the national currency is the original in economic dealings in Iraq, similar to the countries of the world, as well as to deal in foreign currency, calls for the provision of foreign currency contracts signed in Iraq. http://cabinet.iq/ArticleShow.aspx?ID=4378 [tlm724] We see the Council of Ministers stopped the use of the US dollar in all contracts within Iraq, these contracts (financial obligations) must be in IQD ! [tlm724] are you all with me so far ? [rsp1] yes [lightingcslt] tlm724 yes [shredd] yes [tlm724] No more foreign currency , commitment is performed exclusively in Iraqi dinars. Think of oil and infrastructure contracts and the trading and selling of oil which is currently done in USD !! Now I am not 100% positive about the petro dollars etc.. but [lightingcslt] tlm724 *hallelujah* [tlm724] It gets even better [tlm724] Within this short but oh so sweet announcement they are getting ready to ascend into the WTO ! Have a look at this " the government also included a call in the event of GATT install the necessary costs in foreign currency should be mentioned Mikablha local currency (Iraqi dinar) according to the prevailing exchange rates." [tlm724] GATT is this : GATT and the Goods Council The General Agreement on Tariffs and Trade (GATT) covers international trade in goods. The workings of the GATT agreement are the responsibility of the Council for Trade in Goods (Goods Council) which is made up of representatives from all WTO member countries. The current chairperson is Amb. Dacio CASTILLO (Honduras). The Goods Council has 10 committees dealing with specific subjects (such as agriculture, market access, subsidies, anti-dumping measures and so on). Again, these committees consist of all member countries. Also reporting to the Goods Council are a working party on state trading enterprises, and the Information Technology Agreement (ITA) Committee http://www.wto.org/english/tratop_e/gatt_e/gatt_e.htm [tlm724] Within the WTO requirements it states this " HANDBOOK ON ACCESSION TO THE WTO: CHAPTER 5 Substance of Accession Negotiations "Working Parties have been careful to respect the competence of the IMF" [tlm724] and " They have, for instance, focussed on knowing whether applicants are members of the IMF and whether they have accepted Article VIII of its Articles of Agreement which provides that “no member shall, without the approval of the Fund, impose restrictions on the making of payments and transfers for current international transactions”. They have been particularly concerned that foreign exchange controls may be used to regulate the level and composition of trade in goods and services." http://www.wto.org/english/thewto_e/acc_e/cbt_course_e/c4s2p1_e.htm [tlm724] See not only are they positioning themselves for the final push into the WTO they are also preparing to accept the requirements for Article VIII of the IMF ! [tlm724] As you are aware Article VIII has the following requirements : Article VIII: General Obligations of Members Section 3. Avoidance of discriminatory currency practices No member shall engage in, or permit any of its fiscal agencies referred to in Article V, Section 1 to engage in, any discriminatory currency arrangements or multiple currency practices, whether within or outside margins under Article IV or prescribed by or under Schedule C, except as authorized under this Agreement or approved by the Fund. If such arrangements and practices are engaged in at the date when this Agreement enters into force, the member concerned shall consult with the Fund as to their progressive removal unless they are maintained or imposed under Article XIV, Section 2, in which case the provisions of Section 3 of that Article shall apply http://www.imf.org/external/pubs/ft/aa/index.htm#art8 [tlm724] As I said in the beginning Iraq Is Positioning itself for a big move !!!!!!!!!!!! [tlm724] they cannot go forward without the currency reform and as you may have noticed we are right up on that 2 year time frame mentioned above !! Thank you ... [lightingcslt] tlm724 positioning? tlm724 hell timmy they are there tlm724 great job [tlm724] lightingcslt not quite but as close as they can get [tlm724] *hallelujah* it really is happening ! [lightingcslt] *hallelujah* [rsp1] *mission* *hallelujah* Thank you, timmy
  15. Saw this on another site by one the usual gurus, but it definitely shows what they say on this site with a date of 2/19. Anyone familiar with this site? I'm sure it's just a hiccup like always but still fun to dream. http://www.barchart.com/detailedquote/forex/US_Dollar/Iraq_Dinars/%5EUSDIQD
  16. Here is TNT Tony's response to this..... We then started calling our Senators and Congress people, our bankers and such, asking them to stop this and have the UST/IMF/Bankers treat us right. Their response was to start a campaign of disinformation. Their idea right now – because we called and complained about the IQD being exchanged – they are now putting gout the idea that we were fraudulently sold dinar. They are trying us to beat us to the general public, saying that this is a scam. They want the public to believe that. We are doing well here, and the more we do, the more they recognize that we are not going away. This is their fault, and they have no one else to blame for it getting to this point. Here’s a phone number – and I will tweet it out, too – Congressman Thompson says not to buy Iraqi dinar because he is getting complaints that people bought dinar that they cannot cash in. Commodities Futures Trading Commission: 866-366-2382 Call this number and tell them we are NOT complaining about the Iraqi dinar or being a scam, because we know under Executive order 13303 that it is not a scam. What we are complaining about is that Congress people, Senators, bankers, and their friends/clients, etc. have exchanged a currency that they maintain is worthless. Why did they create loans with that currency if that currency is worthless? That is what we are going to put out to people and let people know the truth before their disinformation campaign takes hold. So call back ALL the Senators and Congress people who you called before, and let them know that what we are complaining about is that YOU and your partners in crime all got paid, all have exchanged and it’s in blind trusts and/or Switzerland. Go back, because this is not the only one who has responded in this way. They say people are complaining about it being a scam, when the scam is what the politicians and bankers are doing. If Iraq pushes out their rate internationally, we will be able to exchange at that rate and have a voice in the next election, and which banks get our money or not, and what investigations occur, but we will not get contract rates. So we would prefer for this to be released in the US now. Go to https://www.facebook.com/pages/TNT-We-Are-the-People/568637989892921 AND to https://www.facebook.com/pages/We-Are-the-People-TNT/606733366070985 Bring up the two FB pages and hit the LIKE button on each. We want 200K likes like we have on Twitter. Friday morning we are going to send that FB page round the world, with an explanation of what it stands for, and what we are looking for. Someone put out a great page on what the Congressman is doing and saying, and we will add all the other crooked stuff we know is going on. We love out Twitter but it’s only a few lines. Let’s get up to two million Twitter followers and 200,000 at least on the FB page on Friday.
  17. Just wanted to show a sampling of TNT Tony's garbage that I think this statement is related to. I actually told my husband when I first saw Tony talking this nonsense that the congressmen/senators were going to get flooded by calls from Tony's sheeple and would probably be wondering what in the world is going on.... As sad as it is, he does have a huge following so it doesn't surprise me if these representatives have actually gotten a lot of calls and emails and are trying to stop it. January 18th tomorrow we will be out in force, letting our congress people and bankers know that it's not right. Three dollars is just not right, and it upsets me even to think about it. But again, we are not going to threaten them or their families. We need to be professional, and let them know that we know what they are doing. Call or email, and have those around you do the same. January 19th GUYS I NEED YOU TO PASS THIS ON TO EVERYONE. ALL I SAID FOR YOU TO DO IS TO CONTACT YOUR CONGRESSMAN OR SENTOR AND TO LET THEM KNOW THAT YOU KNOW WHAT IS GOING ON WITH THE DINAR AND THE BANKS. TNT Dinar wrote:I WANTED YOU TO LET THEM KNOW THAT IF THEY DIDN'T KNOW BEFORE, THEY KNOW NOW AND WHEN THE FIRE STORM BEGINS THAT ARE LIKELY TO GET BURN WITH THE REST. LET THEM KNOW HOW THIS IS EFFECTING YOU AND YOUR FAMILY, BUT DO IT RESPECTFULLY. DON'T CALL THE NEWS STATIONS, DON'T CALL NEWSPAPERS, DON'T GO PUBLIC YET. January 28th This is what I need you to do today. TNT is the greatest dinar site there is. This is the one site I know of, for a fact, that the agencies, administration and banks are now paying attention to. Democrats and republicans are listening to us. They know that two million people can take this to Twitter and FB. No way two million people are circulating these documents and they are not true! They saw us hit #1 on Twitter and realized this is real. So every hour on the hour, I need you to send out a tweet saying how you feel about what is going on. I don’t want to tell people what to say. Don’t say what I am saying, they need to hear what each individual has to say so that they can understand that each person has our own mind and we’re willing to give them a piece of our minds right now. THE TIME IS RIGHT NOW. [if you only signed up for the Twitter texts, there is a forum post about this. We only have 20K in the forum and 200K on Twitter. There is a Youtube video that shows you how to do this. The link is http://www.youtube.com/watch?v=Mw5YLD0UNy. ] Tony sent out a text saying “Any time is the time to do the right thing.” And that time is now! I am sending out this Tweet to bankers, the UST and the administration, and adding #WeAreThePeople. That’s what we have to do, people. Everyone do that, please. You can forward that, retweet it, and that moves it up that much faster. Add PLS RT for ‘please retweet’ Today is the day to call your Senators, Congressmen and tell them what you want them to ask, and how you feel. Ask them why they are letting this go on. When it comes time to vote, you will not forget what they did or didn’t do. And send out our tweets. And make your phone calls today, start right now sending emails, and let them discuss that we will not let them get away with this. And call your bankers, too.
  18. So true Easy. Unfortunately we can choose not to 'donate' to Tony but the IRS makes us pay the politicians
  19. I honestly think this probably stems from TNT Tony. He has been telling all of his listeners to call their representatives and demand they release the dinar....tell them we know what they are doing and that they can't just keep cashing out the big wigs...LOL. I also know he has been on a twitter rampage lately. There must be an angle there that he makes money per tweet because he keeps telling his twitter followers to tweet every hour on the hour. Slimy Tony
  20. A friend forwarded this to me from another site. I don't know anything about the person who posted this info but I know there has been a lot of talk about the bonds on here lately, so I thought I'd see if anyone has any thoughts. [wmawhite] During November in Geneva.............the CBI made an announcement that it would sell bonds for the first time since before Saddam for support of its monetary policy. Well,...................................guess what!!!! The CBI has posted on their website a schedule for the sale of $200,000,000 in bonds every two weeks starting 7 January 2014. Say goodbye to the auctions....................say hello to a new rate in the IQD. Announcement Number (C100 ) 29-Dec-2013 The auction No. C100 for Central Bank of Iraq bills based on a uniform price auction for IQD 200'000'000'000 par value for the bills concluded on 29-12-2013. The total public bidding is IQD 296'000'000'000 and the cut-off yield (the highest yield of the successful bidder) determined by the auction was 4.80%. http://www.cbi.iq/index.php?pid=CbiAuctions I am also attaching a spreadsheet of the 2014 bond auctions! It includes dates of the auctions, maturity dates, and auction rates! Also remember: Note: ISX will be closed during December 29, 2013 - January 6, 2014 due to the end-of-year closing operations. The next session will be held on Tuesday, January 7, 2014. So, bond auctions and ISX trading will begin on January 7th, 2014. Very interesting to say the least!!!!
  21. I know, I know....very long read as usual with Millionday. But I want to point out again how much great info from articles there are in her chats. She does a pretty good job of interpreting too. I don't always agree with her interpretations but with these crazy translations who knows anyway. Millionday News 8/25/13 Sunday Night [millionday] we have to read this carefully -- it has our answer on the reform - great -- here we go [millionday] Receive involved in economic affairs with great satisfaction that the Council of Ministers to ratify the Law of the economic reform and send it to the House of Representatives and with this success, which took a long time to passing this stage, but the deterioration facing the country's economy and its environment investment and domestic production on the disagreement and productivity of individual, institutional, and methodology for government work and work ethic prevailing all of which are significant challenges facing the executive branch of the government directly scientific and practical constructive and sober effectively targeted must be fruitful and according to the priorities for the reform and development of Iraq's economy. [millionday] sheeew there is more more like a test lol break it down a little smaller smile [millionday] Consultant in industrial development and investment Amer Issa jeweler said: responsibility seriously and challenges are great, so it is necessary to maintain the momentum of the success of the first step where it will be passed by the legislature achievement score for the current session of the House of Representatives, which call for the Council to adopt strong, so put blocks incorporation of the implementation process as soon as the economy is collapsing constantly can not stand waiting for the continuing decline increases Ahadath and being time-consuming and non-productive. millionday] note -- so they are calling for this to go through and as soon as that is done activating immediately [ROBINREDHED] very nice [millionday] He said the jeweler that the biggest challenge is in short time and resort to follow the new style active and constructive in establishing the bodies and councils that undertake the implementation of the economic reform process a manner completely different from government measures prevailing which has become an obstacle to the reform and development by following the methodology of work and style and a new way and completely flexible and choose specialists according to the standards tight relies actual experience and similar activities and belonging and loyalty to the goal sought with follow-up checks and patience and flexibility procedures and cookie2] I like current session [millionday] note -- meaning they need to have experts in place because it will be activated right away and be in such a rush [millionday] enjoy the powers of implementation and change and that there is a commitment from the new institution and its staff to achieve the Millennium installed and move on to the actual implementation on the ground and that the private sector an active role in this process and observers have otherwise been accounting, auditing and change. The Council of Ministers approved during its regular 13.8.2013 on Economic Reform Act, which guarantees the settlement of intersections occurring in the Iraqi economic policies and the organization of economic reality, as it believes increase financial revenues on the one hand, and raising the rates of sustainable growth rates. [wmawhite] Experts in what? [millionday] note -- the approval from the ministers guarantees the activation of the economic reform [jimplants] Current session as in tomorrow? [The s family] What will be activated and in a rush? I'm lost [ROBINREDHED] millionday i like that [faith1] as soon as what is done activating,,, [millionday] experts in accounting and calculating and economic knowledge within global boundaries [ROBINREDHED] The s family economic reform? [millionday] as soon as the economic reform is activated - robinredhed i love it [Godsalli/Jim] Did she say soon? Lol [dlherm] whoooop whoooop! [blackandblueberry] Holy Moly [Dianne777] Godsalli/Jim lol [ROBINREDHED] dlherm moly [millionday] this is very good with what we had last night with the threats of getting cbi moving as well [tbob] millionday are we in the current session or what do they mean? [millionday] this is about the timeframe - yes we are in the current session [millionday] Jeweler wondered who would take the process of reform and development of the real economy? And what are the plans and procedures and mechanisms of implementation and how it will be possible to put rail on the path of economic diversification, the adoption of standard time binding?, Indicating that the reality of the country's economy and its institutions do not bear the style of experimentation, but the development strategy with the policies and plans for the implementation schedule and objectives must be met, where they can resort to local expertise and international at all stages of implementation. has recommended to increase the momentum of the media and the large and influential role as a participant in the event and in promoting and supporting the new organization and follow-up activities and monitor successes or not. [tbob] whooop whoop!!!! [Godsalli/Jim] Millionday it sounds great! [millionday] there is more [ROBINREDHED] ok lets see it [cookie2] Now [millionday] note -- this is being referred to as an event lets look at all of this one sec - international expertise at all stages of the activation of the countries economic reality and use of the media for this event -- we like those words a lot - there is more - this is great dont scan it make sure to read it [tbob] more more we want more! -- smile [millionday] brb with more of it [millionday] Media adviser to the Business Council, the Iraqi National Daoud Abdel Zair praised in an interview (morning) to approve the law of economic reform, he said: There is an urgent need to adopt the processes of economic reform through the adoption of a law regulating the economic process and contributes to the development of all economic sectors, pointing out that the law We must work to avoid big losses incurred by the domestic economy in the private and public sector., because the old laws that were governing the era of totalitarian economy. [Melba] is the rv and activation the same time [millionday] Zair Usher need need a new law works to support the Iraqi economy and in harmony with the economic transition towards a market economy, indicating the importance that the work of law on the protection of the private sector and investments free, as well as the trend towards the elimination of red tape that accompanies working in all sectors of production and service, it which requires a serious stand to shorten the excess and episodes that confuse the reality of work. [millionday] Melba they will have to set the rate to activate the economic reform and enter the globe [millionday] there is more [wmawhite] Melba ........the change in the value of the IQD is one part of the economic reform. [millionday] brb with the rest of the report [millionday] And select members of the higher council for economic reform, passed the law said: that the selection process must be a high degree of accuracy, and are selected economic figures in real terms requires it scans for the best specialists in economic affairs because many of them stayed away from the presence in international organizations and economic unions the list [millionday] Because they were waiting for issuing laws contribute to the real development and regulate economic action both its production and service, indicating that the business expertise and executive in the areas of reconstruction and construction could work to manage Thus the Council, but it must be a choice right away from the side effects. [millionday] note -- they are saying that they need complete auditing and a huge eye from experts as they activate to make sure there are no flaws supporting laws [millionday] As a member of the Economic Committee Rep. Nora Salem Bijari expressed (morning) expressed optimism in support of its for this law, which lead to a comprehensive economic reform, indicating that Iraq needs to legislation such laws, asserting that law achieves »Renaissance» in the history of the Iraqi economy without considering to mass and partisan aspects and contribute to the advancement rate of the local economy. [millionday] It said a member of the committee that the country needs to enact this law, what attributes of the wealth and resources of many natural to reform its economy to move up the level of the attributes of the features, announcing the determination of its Committee on a quest to pass this law during the current legislative session to be a level befitting the Commission and the government and the coming step is good and bold direction to pass this Law to appear on the ground. [millionday] note -- meaning they are pushing to put it through right away and change the economy of iraq [millionday] And called Bijari to take more bold steps to attract expertise and economic efficiencies Iraqi invested by other countries, in addition to economic figures in the country and participate in moving the national economy, so when the formation of the Supreme Council for economic reform, pointing out that in the case proceeded to the law during the current legislative session will be monitoring of the financial allocations to him within the next year's budget 2014. [millionday] meaning they will also be applying this to the next budget and they need help to do it right [millionday] so this is fantastic and shows how much of a hurry they are in to move to a market economy and also activate the entire economic reform which includes a rate of reality - meaning the right exchange rate for the country [millionday] to all foreign currencies -- the monetary policy ect brb with more [ROBINREDHED] rate of reality is a great way to say that [millionday] smile lol im careful – lol brb [millionday] here is where they are opening all ports to start trade ---- A member of the Commission on oil and gas parliamentary Susan Saad run four berths in the northern port of Umm Qasr and the opening of number of Alkhoznip space would provide significant economic service of the country. It said Saad told (morning): The total area of ​​the space Alkhoznip of 90 thousand square meters, confirming it will be for these spaces economic future is promising, indicating that the larger the area of ​​warehouses at ports, it will impact on the business dealings between Iraq and other countries. They indicated that the country suffers from a lack of warehouses in the ports and Alkhoznip spaces will have a big effect on the increase in the number of vessels calling at the ports to the presence of extra space for storage and unloading of goods [millionday] note -- as in customs needs we have talked about [millionday] The Transport Minister Hadi al-Amiri has laid last Wednesday the foundation stone for the construction and operation of four berths in the port of Umm Qasr north in addition to opening arenas storage interoperable with 3 investment companies. Pointing at the ministry statement that those achievements realized in the ports, especially the port of Umm Qasr will increase energy accommodate loads significantly, as well as expand the storage capacity and the number of Iraqi Albakharc, which will increase the revenue for the company's financial Iraqi ports. [millionday] so this is very exciting to say the least and there is more smile [ROBINREDHED] more? oh my [millionday] ok lets read this whole thing and i will talk about it at the end -- this is about the steps ect of the economic reform law and where they are it appears [millionday] Economic reform in Iraq took his share of official statements and claims, parliamentary and media, and since the first day of the change and until this moment, all calls for economic reform after the distortions that hit the structure of the economy before and after the change, but the case went like this. [millionday] Today has received circles of economic and interested and involved in economic affairs and with satisfaction the news of approval of the Council of Ministers for the Law of the economic reform and submit it to parliament in order legislation and approval, and the most prominent in the law it is based to achieve two main goals have always revolved statements and claims Bashonehma two shift economic policy towards the open market translation of the Constitution, which provided to consider this approach to economic policy in Iraq and the second to establish a top economic council works on implementation of this policy and curriculum. [millionday] note -- sorry have to say this -- this is saying the goal is the committee and the reform itself to enter to the globe [millionday] It's important to discuss and simmer image of this new law and the requirements of applicable after pleading course, by the representatives of the people, starting to be noted that the Constitution guarantees a policy of open market any free economy say it without apprehension or shame, but that happened and is happening to this approach is hampered by other and the continuity and permanence laws of totalitarianism which proved its failure in the experiment and the important question that arises now Is that the new economic reform law and the proposal would eliminate the old laws and cumbersome for this approach?. ... Read More Link On Right [millionday] note -- in other words --- they have had trouble making it all get done at the same time -- laws from before got in the way and held it up longer then they wanted everything has to work together [millionday] Then the establishment Supreme Alaguetsidi Council proposed formation mm consists Wi-efficient elements join him? These questions require political will and courage to answer honestly and transparency in order to go with this benevolent efforts in vain without achieving the goals of the reform and its new law. For the power of discharge that must be included in the new law are summarized in its ability to eliminate any trace of the laws of the ancient notes that the overlap in the laws and the continued acceptance together opened the options in front of spoilers to exploit these gaps and implement the ambitions of personal increased and deepened the rampant corruption in some joints that allow laws Bsrianha, this is an essential point to break the law to achieve integrated goals with ease and binding for all without implementation options according to the desires and interests. [millionday] note -- this is saying not only did they have to rewrite the laws to go along with the economic reform new but also the charges and fines ect that will be applied to those corporations and gov and ect ect that choose to ignore them [millionday] in other words as we see for example the insider trade laws that are in place -- enforcing the law is what i mean smile [millionday] As regards Supreme Economic Council the same is it about it is important as a complement to the force of law and implemented faithfully and requirements for the success of this Council that includes people who specialists and highly qualified and they are many, but most importantly that they shall be faithful to the first objective of the law, a policy of open economy in order to Aatosr law enforcement ideas old does not correspond stage This change Tress clear and undiagnosed in most of the professionals and even for those who play on the chordal totalitarian regime and heat must be excluded from the Council for for ICON hampering to its They also Mchkson. millionday] they want to know whether this is intentional or from lack of training ect --- they need to monitor it all [millionday] last part >> Another important note must be pointed her regarding the balance of the members of this Council what is required choose elements known their efficiency from both the public and private sectors and if they do not feed the new economic elements of the private sector and rely entirely on public sector representatives, recite the Board of peace because he will turn to the survival of the conflict eternal between the private and Shafi'i In this view that the people of Mecca know ecause the representatives of the private sector are the closest to the system of free and open market and thus guarantee an unqualified success successful and influential law to achieve the desired economic reform. [millionday] this is saying that everyone must know what to do and do it as a nation --- there can not be any that hold on to the old ways and the laws that are in place now have to be known or at least checked by all instead of doing anything the old way -- [millionday] so it has taken a long time and they think they have it ready smile [jimplants] Is this the federal council? [millionday] no this is the economic reform [cookie2] No bad news in this? [millionday] the Supreme Economic Council will enforce the law and make it clear as their position - that is the committee or council that was one of the goals in this other then the entry to the globe [millionday] no bad news at all [Godsalli/Jim] Is this a law and regulation package that needs to be voted on ? [millionday] all progress and the explanation of what took so long no this is an explanation to the citizens of why all the wait [Godsalli/Jim] No vote needed? [millionday] make sense ? [millionday] the economic reform law is ready for the vote and that is all they need and they are saying they plan on doing this all very very fast so their economy does not suffer any more then it has - parliament is done with it and are putting it through now in its form in this session [jimplants] As in this week? [Godsalli/Jim] Oh please be so! Papatom] millionday this report is a clear picture of how intricate this whole thing has been...(the rebuilding of a country and bringing it current).... [millionday] i would say that they should this week as this is the session current [ROBINREDHED] millionday that would be fab ][millionday] this report is an explanation to the citizens of what took so long as in thank goodness they are done [millionday] Papatom exactly [ROBINREDHED] millionday hstrymknwmn wants to know who is speaking [millionday] head of supreme economic council is looks like [ROBINREDHED] there ya go [millionday] there was a press release and many spoke - this is really good news and very encouraging [ROBINREDHED] im excited [hstrymknwmn] Me to [millionday] i have to say i am too -- this is great anthonlcs] millionday Do they still need HCL passed as well? [millionday] they are putting through the hcl in sections the oil company ect brb with more millionday] here we go --- He is the head of parliament -- economic and this is the announcement of hosting the gov of cbi to do the next budget and here is what else they said - get ready to smile big [ROBINREDHED] reddy [millionday] He added that "the central bank failed to invest in Iraq would emerge from Chapter VII to raise the value of the Iraqi dinar," referring to his committee "called for the central bank to work to raise the value of the dinar and the Iraqi currency against other currencies and develop a strategy just to give the dinar position correctly in order to improve the exchange rate of the Iraqi dinar and thus the purchasing value of the dinar and powerful citizen. " [ROBINREDHED] nice [millionday] so they told him they were going to call him to do the next budget and also said that -- love it -- it is an order to set the rate against all foreign currency [Royal] so when is next budget [wmawhite] millionday millionday .......could all of this actually be coming together? [Papatom] millionday this gives me the impression, along with the last report, that the powers that be in government are saying all this for the benefit of the citizens to see what they have been doing to keep their promises of a strong currency.....actually DEFENDING themselves as politicians.....kinda like.... [millionday] Royal the next budget will be for 2014 [Papatom] "see...we ARE doing something"... [millionday] Papatom the explanation to them was long over due and i agree they would have done better explaining this months ago [Papatom] yup [ROBINREDHED] i agree [millionday] wmawhite it sure looks like it -- here is the amount of next budget they need help with [cookie2] But, now it's ready [millionday] and it is giving them a deficit brb with it -- this was announced at a press conference [millionday] Commission's decision Mahma Khalil at a press conference attended by "obelisk" "The committee will host meetings next governor of the central bank and agency Abdul Basit Turki and staff at the bank in order to develop correct policy in the next budget," expected to "be a balancing of the Iraqi state in 2014 more than 130 billion dollars. " [millionday] that is very low and obviously is with a new rate or a reality rate i should say [Godsalli/Jim] Why in dollars? [millionday] makes much more sense then the ridiculas rate they have now and they are also demanding that it is changed strategically by the governor now or be replaced by a proxy that will as we saw in the last few days reports [millionday] so we dont know the rate [Godsalli/Jim] Ok [millionday] ? smile [Godsalli/Jim] Smiling [millionday] brb let me make sure i didnt miss anything ok have to go
  22. Long read as usual with Millionday, but lots of good information. Towards the bottom there is information regarding the CBI update(announcement) that was being discussed in the News section here yesterday. Millionday News 8/16/13 [millionday] Member of the Finance Committee ruled out MP//Secretary Hadi, the security situation on the work of foreign companies operating in Iraq, likely improved national economy and increase its growth in the coming period. He said Hadi (News Agency): despite the security breaches that occur now and then in the country, it did not affect the work of foreign companies, as many companies work and conclude contracts with ministries and governorates, stressing that the situation in Iraq is not new to the world but there are States worse security situation of Iraq [millionday] now read the next part smile [millionday] He added: that Iraq possesses substantial economic resources including oil, so there are no worries about a possible economic downturn in the country, but the Iraqi economy will probably substantial growth during the coming period, especially after the improved value of the Iraqi dinar against the dollar, this gives a clear indication of the strength of the economy. ... Read More Link On Right Iraq suffers from deteriorating security represented by continuous bombings occurred in the capital and some provinces, some economists fear the security situation impacted on the growth of the economy and the advent of global companies [ROBINREDHED] improved value of the Iraqi dinar against the dollar, [millionday] especially after the improved value of the usd and the dinar -- love that [ROBINREDHED] improved value of the Iraqi dinar against the dollar, [ROBINREDHED] improved value of the Iraqi dinar against the dollar, [ROBINREDHED] improved value of the Iraqi dinar against the dollar, [millionday] whooop whoooop [faith1] when is the coming period ???!!! [millionday] so there are no worries of the security problems and they are moving forward -- have to say i love that [Godsalli/Jim] If that was the 1st time we heard that I would be excited. [moneymom] improved value of the Iraqi dinar against the dollar,...YES WHEN IS THE COMING PERIOD? [millionday] well i am and that is not the only reason i would say the end of this month but we shall see --- dont see a date in ink brb with more [bOBSFUN] ROBINREDHED I wonder how improved??? [ROBINREDHED] BOBSFUN who knows [millionday] more positive news oh boy i think i am getting burnt out [ROBINREDHED] millionday millionday me too [millionday] so anyway -- that is good news to me [moneymom] MD just said end of month...we shall see whoop whoop [millionday] so let me bring what i got and hope you like it anyway here is this [Papatom] i'm glad that good news is good news regardless of the listeners frustration level [millionday] here is this --- smile [millionday] Denied expert competent affairs banking Abdul Rahman Shaykhli the existence of money laundering large in the country. Pointed out in an interview for the (morning) to the possibility of reducing it by following all the means of care required under Law No. 93 of 2004 on combating money laundering and recommendations of the Financial Action Task Force to combat the laundering FATF money. He Shaykhli that the process of money laundering almost exclusively in non-official institutions and not through legitimate institutions, adding that the banking sector is not the only Evtaqraly governance, but all sectors of government and non-governmental particularly because the policy of good governance (or governance) for companies and banks must ensure Shareholders' equity also guarantee the rights of departments in these companies. Sheikhli summarized the challenges facing the banking sector, which hampered the performance of its role in development [millionday] we have fatf as well in our modern economic system [ROBINREDHED] fatf? [millionday] Financial Action Task Force [ROBINREDHED] ok [millionday] Legislation for legal work for the banks it is to ensure the performance of this task, as well as the need to amend some of the previous legislation to be able to promote the optimal performance of the banks and to play a role in the development process in Iraq, which has become one of the essentials in the next stage. He repeated Shaykhli that legislation is the main limitation of movement of the banks and the launch of her hand to seize opportunities is the way to reach the country of what we aspire to in Iraq agonist New be for the development of domestic and foreign where a large space. Seal Shaykhli Speaking Blaatkad firmly believe that mobility last between departments, private banks and management of the Central Bank reached effective solutions yielded good results, for example, including the low exchange rate of the Iraqi dinar rate for foreign currencies. [millionday] this is very encouraging >>> development process in Iraq, which has become one of the essentials in the next stage. [millionday] so there as we see they are working on the this coming to fruition in the next stage which would lead us to believe that is the the beginning of sept or as the reform goes to law which i would assume would be the end of the month or before -- we shall see [millionday] the economic reform includes the change in the rate to foreign currencies [millionday] also we need to remember that the two things that the imf had last said was that they wanted the federal economic reform law and also the rates to the foreign currencies set [millionday] News: assured U.S. Secretary of State John Kerry, on the necessity of activating the efforts directed towards preventing arms smuggling between Syria and Iraq require activation. Kerry said in a press statement seen by the agency "View News" after the joint conference held with his Iraqi counterpart Hoshyar Zebari after the end of their talks yesterday (Thursday 15 August) in Washington, "The agenda for the meeting with Zebari also included Multi arms flow resulting from the Syrian crisis to Iraq to be used against the Iraqis, and moving weapons through Iraq to Syria. " He described it as "street two-way street," and added, "it was the success of a particular to prevent the smuggling during the time interval on his recent visit to Iraq last March," past to say "Foreign Minister Zebari agreed that concrete achievements in this file must be reached with later. [millionday] With regard to the situation in Syria, the U.S. minister said "many leaders of the base are now active in the Arab country in which the civil war," he said, adding that "we all must accelerate our work in order to create the conditions for a diplomatic solution to the Syrian crisis." The Minister of State that "the Sunni and Shiite extremists threaten the stability of Iraq if they were allowed to work without hindrance." In a separate context, welcomed Kerry to "restore relations between Iraq and Kuwait to normal, and to improve its relationship with Jordan, Zebari plans to hold a meeting" as soon as possible "with Turkish Foreign Minister Ahmet Davutoglu." [millionday] And held in Washington yesterday (Thursday, 15 August cur) held a press conference between Iraqi Foreign Minister Hoshyar Zebari and his U.S. counterpart, John Kerry, which he called Zebari said the U.S. government to provide assistance and support and security cooperation with the Iraqi government in the field of counter-terrorism and build the capacity of our security forces to stand in the face of this growing threat of al Qaeda and the Front victory in the flow coming from Syria. Zebari said at the conference that Iraq has recently renewed violence and terrorist attacks by al-Qaeda. [millionday] so in order to bring the relationships back to normal it would include trade and of course visas -- communication ect [millionday] brb with more [millionday] The United Nations said on Friday that thousands of Syrian refugees have flocked to the Kurdistan Region on Thursday in a move that "sudden and huge" beneficiaries of a new bridge on the border closed significantly. She added that between 5000 and 7000 refugees Oakbwa the first group included about 750 people crossed bridge Vichabour over the Tigris River and was seen more buses which families descend on the Syrian side. Said Adrian Edwards, a spokesman for the United Nations High Commissioner for Refugees (UNHCR) told a news briefing in Geneva reported by Reuters, "through thousands of Syrians to northern Iraq (Kurdistan) yesterday (Thursday) in a surprise move and huge." It was mostly families, including women and children and elderly from Aleppo and Hasakah and other areas torn by war in Syria, where he escalated the civil war, which entered its third year and paid nearly two million people to flee their homes. [millionday] i found this interesting due to the situation there and also the economy must look better to pick to come in the thousands -- just a thought this is very interesting at this stage [millionday] this is an award of bids and also with the group it comes from -- looks like the beginning is around the corner -- [millionday] Award Winning Announcement of the Invitation Number(5.D/2013) To: the participating companies in the above invitation concerning the Iraqi Retail Payment Systems Infrastructure project (IRPSI). We would like to inform that the above invitation was awarded to (BPC)Company with amount of (14,311,342/-)USD if there is any objection it can be submitted within the statutory period of 7days by 12/8/2013. Legal Affairs Department/ Contracts division This is from CBI -- so it must be a federal contract -- very very good news ] brb with more [millionday] when contracts are not just mou`s -- we like it and this is progress showing the move to start contracts brb with more [R&R] millionday that announcement was on the Arabic side of the CBI site yesterday saved as a PDF.... I was wondering what it was also i have an article from yesterday discussing the need to expedite the economic reforms if you want it [millionday] my opinion is that it is the retail card system -- so very good brb with more [millionday] here is the summary of who they are so of course we are happy pappys [millionday] Founded in 1995, BPC is the world’s leading provider of Open System, e-payment solutions for the global financial industry. As the developer and distributor of SmartVista—a comprehensive suite of solutions covering every aspect of electronic payments processing — BPC has designed an innovative platform featuring a flexible, scalable, high performance solution, SmartVista, that will grow as your business grows. BPC’s tier-one client base includes leading, international financial institutions located across 26 countries and four continents with several of the world’s top 100 banks as clients. To drive expansion efforts, BPC has established a network of global offices including the Asia Pacific; Central, Eastern and Western Europe; MEA; Mexico and Central and South America and the U.S. BPC’s philosophy of keeping close to customers is based on local pre and post-sales support and long-term relationships with local customers and partners. With offices around the world, BPC provides local language support staff in each regional office millionday] whooop whooop --- love research -- it makes me happy and i hope that does you too wilbur48] This is a long time coming as it will connect all the Iraqi banks together on a central ATM network, phone banking, etc [millionday] smile ] brb with more now remember the fiber optic system is with at least one line to region and will be growing so the hook up is certainly possible brb -- big smile [millionday] lifting of the international sanctions from the Iraq government has taken place recently. This led as a chance for the Iraqi government to reduce the difference between Iraqi dinar and other foreign currencies. There are so many discussions taking place of late and most of the economists favor Iraq to omit zeros from its currencies. The Central Bank of Iraq is looking at this matter with high concern and due to building process of strategies, there are some delays. However, there is a threat that has been clouded around the Iraqi economic scenario, regarding this delay from the end of the Central Bank of Iraq authority. It is assumed that Iraq may lose billions of dollars due to this delay. Abdul Hussein Al-yasiri, a member of parliamentary Finance Committee, has recently mentioned that lifting of UN sanctions on Iraq has given the country a fair chance to rejuvenate its economy. As the country is receiving high investments from different parts of the world, it is the right time to reconstruct its economic infrastructure and strengthen its economy millionday] yes this is the best part of what they are going to be doing as we saw what their purpose is -- this is what will apply to iraq as they have in the bid [millionday] The RPSI will be tendered as a single integrated solution including: (a) Overall integration of the RPSI systems; ( Software and infrastructure for the Iraq Interoperable Mobile Payment System; © Software and infrastructure for the National EFTPOS / ATM Switch; (d) Integration with the Iraq Payment System (IPS) clearing and settlement facilities consisting of the Check‐enabled Automated Clearing House (CACH), the Real‐time Gross Settlement System (RTGS) and the Central Securities Depository; (e) Integration with the Participant Banks, Mobile Network Operators (MNO) and the existing EFTPOS/ATM Switching and Mobile Financial Services Systems (including but not limited to existing Bank Front End Processors (FEPs), the AMWAL System and the QI System (International Smart Card Company). [millionday] now let me get the rest of the last one it is a whopper i was bringing -- love it and know that this is also a great one from cbi -- the bid means that is their issuing [millionday] For rejuvenating the country’s economy, the first step would be taking the country to a new leap through omitting three zeros from the Iraqi currencies. He also added that it is quite possible to strengthen the Iraqi dinar by raising its value and the present scenario in the country is in favor of that. He mentioned, “Country’s exit from Chapter VII on the political side, contributed to the liberation of Iraq will on the economic side, give Iraq much room on important issues including banking, on Iraqi and foreign currency trading, as well as investment in Iraq has not been able to attract investment during the previous period.” [millionday] mentioned that there are a few sectors in Iraq which are needed to be developed and have high potentials. Agriculture, tourism, construction, communication, etc. are a few sectors, which have high potentials. However, oil sector is the base of Iraqi economy at present and the nation is building itself, depending on the oil industrial development. As a result, government is also expensing highly on this sector in order to reap out more benefits from this sector of the country. Mr. Abdul Hussein Al-yasiri also remarked, “The procedures be adopted to increase the value of the dinar currency, requires the Government to pay tribute to all sectors of production and investment to support the local currency.” [millionday] now this >>> “The procedures be adopted to increase the value of the dinar currency, requires the Government to pay tribute to all sectors of production and investment to support the local currency.” -- is what the signing of the federal economic reform is for [millionday] and know they are talking the process is being done due to the fact that pulling in the currency and supporting the constitution and the next step for iraq to enter the globe as we see they are by pushing in the accounting for international compliance with isx -- is a result in all of these steps [millionday] and know this is not just talk as some think honor and glory] 7:47 PM [Papatom] millionday is this You sayig this.??? or was this said by someone else? it sounds western.... 7:48 PM [R&R] millionday awesome news 7:48 PM [ROBINREDHED] millionday millionday millionday millionday millionday millionday millionday millionday 7:49 PM [millionday] yes this is the best part of what they are going to be doing as we saw what their purpose is -- this is what will apply to iraq as they have in the bid 7:49 PM [millionday] The RPSI will be tendered as a single integrated solution including: (a) Overall integration of the RPSI systems; ( Software and infrastructure for the Iraq Interoperable Mobile Payment System; © Software and infrastructure for the National EFTPOS / ATM Switch; (d) Integration with the Iraq Payment System (IPS) clearing and settlement facilities consisting of the Check‐enabled Automated Clearing House (CACH), the Real‐time Gross Settlement System (RTGS) and the Central Securities Depository; (e) Integration with the Participant Banks, Mobile Network Operat [millionday] honor and glory this is what the updated report says on cbi as the reason and the result from the winning of the bid for that company -- the process of managing the cards and e-commerce in the country or better known as using the internet and phone and card swipe -- atms ect --- [millionday] this is what they will be doing after winning the bid -- that is what the company does this in other words is rocking and i mean rocking -- good news for us [millionday] our favorite thing at PI is --------------------------PROGRESS [wilbur48] honor and glory this report is from a pdf on the cbi site http://www.cbi.iq/docume ··· 20EN.pdf [millionday] smile [Papatom] millionday it's the answer to so many questions...in ink...for sure! [millionday] oh yes very many and it also can be found in the news time from tonight so lets get back to what i have before it is tomorrow – smile brb with more [millionday] now remember this is what was sent to parliament >>>>>>>>>>>>In its 35th meeting, headed by Prime Minister Nuri al-Maliki, the Council of Ministers approved the draft Law of the Federal Economic Reform. According to a statement, received today, it has been revealed that the Council of Ministers has also approved the draft law to amend the regulation and legislation Law. Both the draft laws have been referred to the parliament. [millionday] all regulations as well smile brb with more [millionday] Called on the religious reference to San Matmayora in Karbala politicians to unite and miss an opportunity to the enemies of Iraq, warning at the same time continuing security breaches. He said a certified reference Sheikh Abdul Mahdi al-Karbalai in his Friday sermon to thousands of worshipers in the saucer-Husseini yesterday: "Iraq is living a series of bombings successive and after each failure of a security or a service, all of the parties concerned blames subordination and default on other parties and each party wants acquittal himself in order not to lose his or score political and popular, so the remaining failures because everyone is not looking for the diagnosis and the search for causes of processors. " [millionday] Ncaa pointed out that "such absent themselves the real reasons and not put their finger on the wound." He told politicians: "If you are afraid of the popular Rshehadkm Flakm first the fear of God", pointing out that "if what is left of the case so the parties involved in the government there is hope for the solution." And Ncaa said: "There is a relentless campaigns determine how each party to the other party, which increases the strained situation and harm access becomes very difficult to solve." [millionday] Ncaa called on politicians to "unite against the dire situation has reached some countries in the region and agree on the word, whether out of the ordeal." Turning preacher F Karbala to cases of corruption, which he described as not expire and that the problem lies according to the word specialists not accounting spoilers adults and explained, "spoiler large has a mass defended a fortified If they overflowed the smell of corruption him to mm luggage and bags and papers and out of Iraq pregnant nationality second to live in best if not batting an party has no trembling conscience. " [millionday] this is a statement by religious authority to get it together -- of course they have as we know a lot more respect there then in most countries so this is a strong talking to so to speak [millionday] so that is all we have that we care about for our investment i hope you have enjoyed the news time and have a great night
  23. Deniscanada, I agree with what you got out of this article but again within those quotes there are troublesome words.... "First thing they need is to vote on it quote "through the adoption of a bill reset" the word 'reset' and in this quote.... "then they will restore back to quote "new currency that will restore the Iraqi dinar to its previous value." I'm guessing back to the 70's and 80's" they mention 'new currency' Not trying to be negative because I would love to believe this article is nothing but encouraging and again it could be due to the translations. Just trying not to get my hopes up I guess
  24. These translations are so frustrating! It sounds very promising but there are also parts of it that make it sound as though they want to raise the value in conjunction with 'deleting the zeros'.... "The procedures to be adopted to raise the value of the dinar against the major currencies, require that revives the government all sectors of production and investment to support the local currency, in line with the move reset currency" "possible to achieve a qualitative leap in the price of the dinar and its value in the trading markets global possesses all the ingredients to recover provided to strengthen the confidence of dealing it, through a reset on the currency and the adoption of international companies specialized print currency put the signs secret to prevent forgery, and this the situation will contribute to a great boom in the price of the dinar, and its value will rise gradually after reaching its peak during the period of a few. " I like the fact that they are talking about the value of the dinar being 3 times the U.S. dollar but I am concerned when they talk about a 'new' currency, which sounds like a lop(sorry, know we hate that word) and that being what causes the "great boom in the price of the dinar". I don't know maybe I'm not reading it right. Could this draft law vote on Federal Economic Reform be related? http://dinarvets.com/forums/index.php?/topic/157740-cabinet-approves-draft-law-on-the-federal-economic-reform/
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