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Showing results for tags 'HUMPDAYYY BYTES !'.
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CNN. Broadcasting While Frank Works A Backdoor Connection In Greece ! Side Bar........ Today Greece also got in line for a new rate. They forgave Iraq ALL their debt ............ Keeping in mind that Greece is more broke than the hearts of Iraqi Citizens. Why would they do this? Does Greece hold IQD's.......... Just asking? Update.......... IMO ....... The fonts of the SDR's on the CBI site are..........NEW!!! KTFA, Frank........All data is important to us......... Not rumors. 12-11-2013 Newshound Guru Tlar Article: "Minister of planning for "time": we will apply the customs tariff as of early January" Tariffs in January. Donor country in January. New budget in January. Smart cards active in January. Proposed change in currency, early January. January is shaping up to be a strong target month. I personally think that the CBI with the recent denials is trying to out fox their citizens to stop the run on the banks as citizens pull their money out due to the initial rumors started by the leak from the FC of their plans. 12-11-2013 Newshound Guru Tlar We only have a month or less to see if this is true...the tariffs will effect an already poor citizenry and they have said from day one that they would not put these tariffs on the people until they give value to the currency for balance. Having said that, these new tariffs seem to be stearing clear of necessities and day to day items but everything Iraq needs is imported. 12-11-2013 Newshound Guru Kaperoni The CBI must meet the IMF conditions before they will let them transition out of the current monetary policy. So the bottom line, is that as soon as the CBI can demonstrate they can manage the dinar in Iraq, the IMF will probably give them the green light to transition to Article VIII. Saleh ...is really pushing for them to move to Article VIII and get the dinar out which will help with the credit rating. 12-11-2013 Newshound Guru Kaperoni Article VIII is the key for us and remains the key. Article VIII is what the CBI strives for. The key to entering Article VIII is meeting the IMF requirements listed in the annual Article IV consultations. So really the bottom line is that the CBI cannot do anything just yet...but they are trying...That means lowering the spread through the auctions and the possible bond sales. If they achieve that goal soon, anything can happen. IMO, if the CBI wanted it down before Jan 1 they could do it...its very achievable. 12-11-2013 Intel Guru Delta [via robdel] Iraq is to be inducted into the WTO on the 29th of this month, thats a Sunday. Now here is the exciting thing, he said that Iraq must have a tradable currency and be in total Article 8 compliance two weeks prior to the 29th. In case you don't know, Article 8 says that Iraq can only use their own currency in country. They cant use US Dollars! So that is saying we are at the 2-week crucible right now!
