BONDLADY 9/27..9/28

[idplzr]

BondLady and Shredd 9/27/2012

Banker: replacement of a currency is appropriate at this time 24/9/2012 12: 00 am

Caution risk of recurrence of past mistakes

Baghdad-Hussein thghb Al-Tamimi

Control and inspection Director of Rafidain Bank Al-mundhiri abdolhossein from falling in with errors which occurred during the Exchange after system crash.

This talk at the time the Central Bank tends to adopt a plan to replace the current national currency after deleting three zeros.

Banking expert, said Abdel Hussein Al-mundhiri in an exclusive interview for (morning): the controversy over Exchange still chain for many reasons this action promised is not appropriate at this time because it does not help to tackle inflation.

He noted that prices in the Iraqi market is currently stable and acceptable, especially prices of imported goods from neighboring countries to take advantage of China's philosophy of survival currency low against other currencies. He said the Iraqi market with counterfeit currency that are printed mostly in printing press outside Iraq where sneaks these currencies (fake) easily to our markets across more than a border port open, non-controlled in order to promote such currencies in markets and banks so they can be removed later by banks and money transfer companies.

He added: the Central Bank of Iraq should take the initiative to activate its role and intensify its intervention in monetary authority and begin to exercise pressure on dollar balloon again especially as capable of it whenever he wishes and that he wanted to put away corrupt currents infiltrating inside it surreptitiously on the one hand and on the other hand contribute to return to normal size or at least prevent the perpetuation of this phenomenon more taking into account that the Iraqi dinar is now covered with more than 60 billion dollars is to increaseDay after day, which ultimately will lead to the disappearance of zeros automatically one after the other and let us get back to this topic again after several years of seeing positive returns generated by wise policies and legislation.

Al-mundhiri said benefits delete zeros banking is that it reduces the size of the money supply in circulation and this helps banks reduce the number of Trustees limits (75) percent which reduces the salaries of mutation of one yen.

To delete zeros helps revaluation computationally which helps banks use ATMs through ATM cards pull the sheets would be less and less trading volume edition and dedicated money in banks vaults and damage and theft sometimes Bank also assists in the implementation of the programme of the global system of the company implemented its project is 12 digits only while our bank balances trillions with bankruptcy means 15 digits and this impedes system.

Al-mundhiri revealed that problems that accompanied the replacement process, many of the previous Central Bank reported not receiving the numbered Edition 192 class 10,000 after 15 days from start switch currency receipt section of this edition which fund officer incurred hundreds of millions of fines and some of them still suffering from weight and had been imprisoned and was fined and still pay premiums to 50 percent of the monthly salary.

As well as money stolen by banks to the Central Bank of the burn sites of Central Bank and Red inks clearance operations which I have the receipts and was pumped to banks again reported fraudulent amounts discovered loose stamps Trustees lbilat banks this madia know the name of the Bank and the name of the Treasurer unless it detects the amount of confusion caused the Central Bank to create the potential for a replacement.

Al-mundhiri said has been switching $ trillion one hundred and twenty-six billion dollars in Bank alrfedin fraudulent amounts arose within 28 billion represents 1/4 percent from counterfeit to amounts amounts and manners are few and the 28 lbilat and seals the names of Trustees and back $ 16 billion dinars and stamps does not carry the names of Trustees, represent a percent of the detected amount ratio to total replacement amounts these ratios is 5 percent if we take this rate and consistent theme with total Other banks received amounts of false detections will not represent more than 5 percent and the Central Bank had to be borne by and smother her but he refused it and get it to banks and Trustees

http://www.microsofttranslator.com/BV.aspx?ref=IE8Activity&a=http%3A%2F%2Fwww.alsabaah.com%2FArticleShow.aspx%3FID%3D35684

[bondLady] CBI to hasten to activate its role and intensify its intervention in the monetary authority is prescribed exercise pressure on the dollar balloon again and again,

[bondLady] there saying hurry up an do it

[bondLady] or the dollar will just go up an up over an over and more counterfits will come over and costing the treasury at least 5% of its profits

[bondLady] ck this line

[bondLady] taking into consideration that the Iraqi dinar is covered by more than sixty billion dollars can be increased day by day, which eventually lead to the disappearance of zeros automatically one after another

[bondLady] dinar is covered by more than sixty billion dollars can be increased day by day,

[bondLady] which eventually lead to the disappearance of zeros automatically one after another

[bondLady] see

[bondLady] i often thought thats what raising the 000 meant

[bondLady] the more they take out of circulation

[bondLady] the higher the bank reserves get an fast

[bondLady] which eventually lead to the disappearance of zeros automatically one after another

[bondLady] automatically one after another

[bondLady] is that not powerful or what

[bondLady] Warned Director of Inspection and Control in the Rafidain Bank Abdulhussain Mundhiri from falling into the same mistakes that occurred during the replacement of the currency after the fall of the regime. This talk comes at a time moving the central bank to adopt a plan to replace the current national currency after deleting three zeros. He said banking expert Abdul Hussein Mundhiri in an exclusive interview (morning): The debate about replacing the currency is still Mtuwalia for many reasons, the promise of this procedure without appropriate at this time because it does not help to tackle inflation. He noted that the prices of goods in the Iraqi market is stable and acceptable, especially the prices of imported goods from neighboring countries and called to take advantage of the philosophy of China's efforts to keep its currency low against other currencies

[bondLady] you see this shredd

[bondLady] its an article i posted a few days ago

[shredd] yes!

[shredd] price stability a very good thing

[bondLady] taking into consideration that the Iraqi dinar is covered by more than sixty billion dollars can be increased day by day

[shredd] plenty of reserves to back the value

[bondLady] which eventually lead to the disappearance of zeros automatically one after another

[bondLady] per the translation

[shredd] i was wondering if they'd ramp it up

[bondLady] i'd often thought if that was actually what they were saying when they talked of removing the 000

[bondLady] was it actually taking the 000 off or was it taking the big 000 off the street

[bondLady] and i guess its actually both

[shredd] right.....but where will they plateau

[shredd] both

[shredd] yes

[bondLady] but what it said right here just slapped me upside my head

[bondLady] which eventually lead to the disappearance of zeros automatically one after another

[shredd] yes, peeps bringing them in

[shredd] one

[shredd] after

[shredd] another

[bondLady] automatically remove the 000

[bondLady] so they are talking liquidization

[shredd] yes

[bondLady] but

[shredd] and you know whats exciting

[shredd] is the dinar coming in

[shredd] one after another

[shredd] means something will give incentive

[bondLady] i was just re-reading some things

[shredd] very exciting

[bondLady] and with the ...which eventually lead to the disappearance of zeros automatically one after another...raises the rate

[shredd] yes

[bondLady] this art was talking about the counterfits flooding the market too

[bondLady] and the bottom line it came out to equal 5% of the profit they gained

[bondLady] costed them

[bondLady] and said they had the money that was drawn in that was supposed to be incinerated

[bondLady] but crooks got to some

[shredd] and the counterfeiters days are numbered

[bondLady] and he was telling what those had on it

[bondLady] what seals were there and what weren't

[bondLady] said most are serving time

[bondLady] and still drawing their salaries

[shredd] so corrupt

[bondLady] crazy

[shredd] eventually lead to the disappearance of zeros automatically one after another

[shredd] you got it

[bondLady] yeppers thats a awsome line i loved it

[bondLady] which eventually lead to the disappearance of zeros automatically one after another

[shredd] eventually = gradual

[bondLady] which it was gradual

[bondLady] and thats what this art was talking bout

[shredd] automatically = implies a specific process, organized

[shredd] the deletion of zeros on the benefits of banking is that it reduces the size of the money supply

[shredd] and replace with what?

[bondLady] ld's

[shredd] for sure

[shredd] not dollar

[shredd] the plan has been done for a while

[shredd] now verified to be legal, constitutional

[shredd] just need the event

[shredd] to trigger the incentive to remove off the streets

BondLady 9/28/2012

Preparing a draft law to combat money laundering

Ali Abdullah - 09/28/2012 - 11:23 AM

Detection office money laundering of the Central Bank of Iraq, Friday, for the preparation of a new draft law to money laundering, according to the actual need for the requirements phase and challenges, noting that the project will be submitted soon to the House of Representatives. said Director of the Office money laundering Khaled Cltag in a press statement that his office "under the guidance of the Board Joint Anti-Corruption in the General Secretariat of the Council of Ministers in 2009 prepared a draft of a new law to combat money laundering and raising to the Council of Ministers. " and explained that "the project has been discussed and is currently subject to scrutiny in preparation for transmission to the House of Representatives," pointing out that "the law currently in force is the law No. 93 for the year 2004. " and added that "the Republic of Iraq joined the United Nations Convention against Corruption thus became anti-money laundering and corruption a national project and has the support of presidencies in the country, according to the need in light of the problems and challenges become a duty to prepare a new law." and punishes the law against money laundering force fine no more than 40 million Iraqi dinars, or twice the value of money used in the deal, whichever is greater, or imprisonment for not more than 4 years, or both for each of the runs or trying to manage financial transaction employs revenues somehow illegal activity clairvoyant that money used is revenue somehow illegal activity or both transmits or sends or transmitting means cash or exaggerated revenues account for some way to illegal activity knowing that this means cash or money representing the proceeds in some way for illegal activity. also punishable by a fine of not less than 20 million Iraqi dinars, or imprisoned for not more than two years, or both for each of the offers money or conceal or gloss over the nature or place or source or ownership of the money, knowing or intending, that this money is used to create for the purpose of or implementation of a breach of the law or configuration for the purpose of or implementation to cover up the escape from the commission of any breach in the financing of crime or attempts or conspires to such activity.

http://www.burathanews.com/news_article_171016.html

[bondLady] there is a very important thing I read today

[bondLady] i've been waiting and watching for it

[bondLady] and finally saw something on it today

[bondLady] but its a biggie whether anyone realizes or not

[bondLady] its one of the very last things the cbi had to do before they brought out the new money

[bondLady] all the reading i do daily

[bondLady] this was the article of the day

[bondLady] without it in place, all the votes against the cbi wanting to do whatever it needed to do to bring on what we wanna see...this was and is the last big hurdle imo...

[bondLady] we shall see though

[sisterbreen] BondLady ty i like, yes probably need that law

[bondLady] it was a must sister

[bondLady] this was what the cbi has been needing and prepareing for

[bondLady] i been watchin for it for over 2 months

[bondLady] to finally see the cbi getting ready to submit it to me is the last piece

[shredd] BondLady yes, i commented on the money laundering one

[shredd] great article

[bondLady] don't know if folks actually realize how big it is

[bondLady] imo ..thank you

[kennyc]

sounds good to me.

lets go, lets go, lets go

RV

[srdedeaux]

Thanks as alway's BondLady and Shreed! for your unrelenting search for the understanding of the process of what will eventually become a RV..............! B)