Adams 5-29-2013 Wednesday Chat Thread

[Danomite]

Does anyone know if we are having a Wednesday chat with Adam tomorrow? I didn't see a question thread and was just wondering.

[genx4me]

I was wondering the same thing. 

[TexasGranny]

OOPS! Sorry everyone - forgot to post question thread!  Danomite: hope you don't mind if I alter the title a little.   Thanks for the reminder

 

Since this one is already started - let's just use it -  Please post your questions below for Adam's chat on Wednesday 5-29-2013.

 

Questions only - no discussion in this thread.

 

[Northern Lights]

Just need to know if there is anything new to report. Status update, if you can please? (Geez -sound like my Boss)

[Danomite]

OOPS! Sorry everyone - forgot to post question thread!  Danomite: hope you don't mind if I alter the title a little.   Thanks for the reminder

 

Since this one is already started - let's just use it -  Please post your questions below for Adam's chat on Wednesday 5-29-2013.

 

Questions only - no discussion in this thread.

 

No problem TG! Have a great week! Gooooo RV!

[sandfly]

WE ALL NEED A GREAT WEEK GO RV

[DWitte]

Your feelings on why Malaki is a good thing for us?

Edited May 29, 2013 by DWitte

[chess]

ADAM:  Seems like the forever on going Islamic mind-set of  'blow up thy neighbor'  will NEVER cease.  Is there any reason to believe that this every

day, ordinary mayhem weighs on the CBI / GOI, as far as effecting a future major currency change?  VII not withstanding......thanks. 

[cashman54]

Adam, I have just started to really lose interest in this investment in the past few months.  I sometimes forget I own dinar and I sometimes forget to come to this site.  Is it your contacts that keep you excited and active in this investment and gives you hope? I just have my dinar tucked away, but Ive lost the passion bro.  What keeps you going, the intel you get?

[JoeB]

What is your opinion about the article about raising of IQD value against USD in beginning of June?

[ALBUNDY]

Hi Mr. adam montana. I have interesting articles and would like to get opinions from you Mr. Adam montana. First, It is about raising the exchange rate of Iraqi dinar in JUNE 2013 ( Next Month ), Does it mean that RV will happen In JUNE 2013 ( may be at small rate which we don't even know how much the exact rate will be )? What do you think Mr. Adam montana? Secondly, Iraqi people have bought a lot of dollars lately ( the title : Banks are packed with people. And employees colluding to sell dollar ) , and may be there are only a little dinar in the street, May this be the sign IQD is going to RV suddenly Mr. Adam Montana while Iraqi people are to rush about buying off the dollars instead of paying attention on the dinar? What do you think Mr. Adam  montana? Thirdly, Iraq and Kuwait signed 2 memoranda to lift Chapter Seven sanctions, then , What would be the next step Mr. Adam montana? RV? What do you think Mr. Adam Montana? That's all my questions Mr. Adam Montana And Thank you very much for taking your time to answer my questions and I am highly appreciated Mr. Adam Montana.

 

 

 

 

 

 

Central Bank implemented a plan in next June to raise the exchange rate of the Iraqi dinar

 

 

 

25 May 2013 12:23.

 

 

BAGHDAD / Center Brief for the Iraqi Media Network (IMN) A member of the parliamentary Finance Committee that the central bank told us that he will implement a new plan to raise the value of the Iraqi dinar exchange either the U.S. dollar.

 

A member of the Committee Faleh Djiashi,'s (IMN) "The central bank told the parliamentary Finance Committee that an action plan will apply early next June, would be enough to raise the exchange rate of the Iraqi dinar against the U.S. dollar."

 

He added that "the central bank works to reduce the number of companies that deal with it and put the money in the auction which will lead to a reduction in the value of the dollar and reliance on monetary policy open without complicated procedures and controls and a wide open field in front of the government banks."

 

The Finance Committee has announced the formation of a small committee composed of three deputies to monitor Srvaldanar of Iraq against the dollar, stressing that the practical measures undertaken by the central bank last week led to address the problem gradually.

 

The parliament may ضيفت week current governor of the Central Bank and the Agency Abdul Basit Turki and discussed with him the reasons for the high price of the dollar against the dinar.
 

 

THE LINK : http://center-imn.co...d=94&Itemid=602

THE LINK : http://www.burathane...cle_196304.html

 

 

 

 

 

The Central Bank plan to raise the dinar against the dollar
 

 

28/05/2013 04:53:00


Parliamentary Finance Committee confirmed that there is a plan prepared by the central bank to raise the exchange rate of the Iraqi dinar against the U.S. dollar, which saw the first decline in it.
 

 

A member of the Committee Faleh Djiashi, in a statement singled out by the Agency for News News (et al) that the central bank told the parliamentary Finance Committee that an action plan will apply early next June will be enough to raise the exchange rate of the Iraqi dinar against the U.S. dollar.
 

 

He pointed to the central bank works to reduce the number of companies that deal with it and put the money in the auction which will lead to a reduction in the value of the dollar and reliance on monetary policy open without complicated procedures and controls and a wide open field in front of the government banks

 

http://khabaar.net/index.php/permalink/11649.html

 

 

 

 

 

Central Bank announces sale of $ 263 million in private foreign currency auction
 

 

 

27 May, 2013 07:44:00
 
 
Iraqi Central Bank announced the sale of $ 263 million in the auction on the sale and purchase of foreign currency.
 

 

The bulletin of the auction that the Bank of aggregate demand on the dollar distributed by 72.425 million million in cash and $ 190 666 000 million in the form of remittances fully covered by the bank foreign exchange rate was 1179 dinars per dollar, including the central bank's commission of 13 dinars per dollar, while the cash purchase price for $ 1171 dinars.

 

 

this is the Iraqi central bank sales of dollar in the first week sessions are low compared with 282.701 million million recorded in his last meeting last Thursday.

 

 

THE LINK : http://www.alfayhaa.tv/news/economy/99009.html

 

 

 

 

Banks are packed with people. And employees colluding to sell dollar

 

28-05-2013

 

 

See governmental and private banks in downtown Baghdad in the current queue of citizens who want to buy the dollar as the Central Bank controls, but the daily queues scene seems unhelpful to those NHS due to the monopoly of those banks and sell for $ complicit with it for profit.
 

 

 

Informed sources said «the future» Tuesday that dozens of people standing in long lines every day for private banks and private doors in Baghdad in the hope of obtaining the amount of dollars offered by these banks of citizens for conversion and disposal treatment or buying and other purposes, according to the Central Bank controls, adding that many people were waiting since early morning until after office hours, and only a few of them on what the dollar amount, while the rest are communicated back to come later because Out of stock.
 

 

 

 

The sources confirmed that the owners of some banks in collusion with some of their employees and others engaged in daily dollar amounts spent to achieve financial speculation or for purposes unknown.
 

 

 

However the parliamentary Financial Committee member revealed Attorney Haitham al-Jabburi, a mafia operating in the Government and private financial banks collect passports and quick profits. Al-jubouri said in a press statement that the cash distribution mechanism used by weak souls, they are not going to eligible citizens who questioned true resolution led to a mafia in some banks collected passports and bring quick profits daily, returned to this negative impact on monetary policy in dealing with the dollar.
 

 

 

THE LINK : http://www.sotaliraq.com/mobile-news.php?id=102491

 

 

 

 

 

 

Raed Fahmi: Big احتياطينا of currency and gold should be invested
 

 

Tuesday, 28 May 2013 19:56

 

 

The Minister of Science and Technology and former chief economist Raed Fahmi, yesterday, that the large reserves of Iraq from foreign exchange and gold must be invested to increase the state's resources through the benefits accruing from this reserve.
 

 

Fahmi said the agency "Nina": that Iraq and owned by a large reserve of foreign exchange and gold sponsor attribution of the power of the Iraqi dinar and raise the value of its currency against other currencies, it is plausible that the Iraqi currency is weak compared to what is owned by Iraq's large reserves in hard currency.
 

 

 

He said Fahmi that Iraq has today a large reserve of foreign exchange and gold should ensure the stability of its currency, so it seems strange that exposed its currency to this form of oscillation, explaining that he does not hurt to rely on gold to strengthen the local currency, as the reserve can be kept in the form of portfolio from financial assets and foreign currency deposits in central banks and major international asset portfolio also contains gold and possibly other precious metals.
 

 

 

He continued: based asset portfolio composition and the reserve currency policy and manage its central bank, which I think he uses the expertise of leading international specialized financial companies.
 

 

 

And sound management of the reserve should be aimed at maintaining the integrity of the reserve and protect it from various risks, as well as achieving the best returns him to strengthen the resources of the state.
 

 

 

He pointed out that it "should be a strong dinar and the Iraqi economy need a clear strategy concerning currency and strengthen the ability to manage risk and volatility of economic, which coincides with Iraq," noting that "currency stabilization and strengthening policies handled by the central bank, using the expertise and advice of his IMF and perhaps companies specialized international as well. "
 

 

The financial sources have indicated the Iraqi high cash reserves of hard currency to U.S. $ 74 billion.

  

THE LINK : http://www.iraqicp.c...-05-28-19-56-39

 

 

 

 

 

Central Bank economic begin NEXT MONTH ( JUNE 2013 ), the application of procedures to reduce the volatility of the exchange rate.

 

 

Wednesday, 29 May 2013 10:27

 

 

Confirmed the parliamentary Finance Committee, Wednesday, the Central Bank of Iraq next month will begin implementation of a package of measures designed to restore the exchange rate of the dollar against the Iraqi dinar to normal to prevent a repeat of the case of exchange rate volatility.

 

And plunged the value of the Iraqi dinar gradually over the past weeks to reach the price per dollar to about 1129 dinars after it had been stable for 1120, the highest rate up to the exchange rate during the past two years.

 

Committee member said Haitham al-Jubouri's "Twilight News" that "the CBI told the Finance Committee that will begin next month, the application of measures to curb the rise of the dollar against the Iraqi dinar, and some of these measures did not disclose the details they will be strictly confidential."

 

Jubouri explained that "one of the most prominent measures that the Iraqi Central Bank will begin to apply is to open letters of credit in the government and private banks," noting that "the Finance Committee has informed the Iraqi Central Bank support for all procedures in reducing the rise in the dollar against the Iraqi dinar."

 

The Finance Committee has ضيفت this month and central bank governor Abdul Basit Turki agency and discussed with him the reasons for the high price of the dollar against the Iraqi dinar.

  

THE LINK : http://www.shafaaq.c...9-07-29-19.html

 

 

 

 

 

Kuwait welcomes the transfer of prisoners to file Chapter VI and remove Iraq from Chapter VII
 

 

28/05/2013 - 11:36
 
 
Kuwaiti Al-Watan newspaper quoted Tuesday, for Musdrmesúl in the Ministry of Foreign Affairs of Kuwait, Kuwait welcomed the transfer file of Kuwaiti prisoners of war and missing in Iraq to Chapter VI instead of the seventh.

The newspaper said that "an official source at the Ministry of Foreign Affairs of Kuwait, said in his first comment on the visit of Iraqi Foreign Minister Hoshyar Zebari, that Kuwait encourage Iraq to implement all the decisions that come under Chapter VII, it's also commends including by the Iraqi side of the implementation of the decisions that fall within the framework of This chapter during the past period. "

The source, according to the newspaper that "Kuwait has no objection to the missing file conversion and prisoners from Chapter VII to Chapter VI, and under the auspices of the United Nations to provide all reports continuously on this file, which is humanly file."

The Foreign Minister Hoshyar Zebari, arrived Monday evening, to Kuwait in a two-day official visit, looking through the bilateral relations between the two brotherly countries and the latest political developments on the Arab and regional arenas.

The Human Rights Minister Mohammed Xiaa Sudan has confirmed in a statement issued on the sidelines of a meeting coordinator of international affairs of the missing Kuwaitis Ambassador Gennady Tarasov, in (November 20, 2012), that Iraq is committed to continuing cooperation with Kuwait and the International Organization for end the file of missing Kuwaitis and remove Iraq from Chapter VII and referral of missing Kuwaitis from its international bilateral cooperation under the supervision of a third party, stressing that the Kuwaiti side expressed during the meetings of the Joint Ministerial Committee approved the issuance of any United Nations resolution that file out of the international framework to bilateral cooperation.

Iraq has been under since 1990 with Chapter VII of the Charter of the United Nations, which imposed after the invasion of the regime of former President Saddam Hussein of Kuwait in August of the same year, and this item allows the use of force against Iraq as a threat to international security, in addition to large amounts of frozen his assets financial in international banks to pay compensation to those affected by the invasion.

 

 

THE LINK : http://www.alsumaria.tv/news/76826/%d8%b7%c2%a7%d8%b8%e2%80%9e%d8%b8%c6%92%d8%b8%cb%86%d8%b8%d9%b9%d8%b7%da%be-%d8%b7%da%be%d8%b7%c2%b1%d8%b7%c2%ad%d8%b7%c2%a8-%d8%b7%c2%a8%d8%b7%da%be%d8%b7%c2%ad%d8%b8%cb%86%d8%b8%d9%b9%d8%b8%e2%80%9e-%d8%b8%e2%80%a6%d8%b8%e2%80%9e%d8%b8%d9%be-%d8%b7%c2%a7%d8%b8%e2%80%9e%d8%b7%c2%a3%d8%b7%c2%b3%d8%b7%c2%b1%d8%b8%e2%80%b0-%d8%b7%c2%a5%d8%b8%e2%80%9e%d8%b8%e2%80%b0-%d8%b7%c2%a7%d8%b8%e2%80%9e%d8%b8%d9%be%d8%b7%c2%b5%d8%b8%e2%80%9e/ar

 

 

 

 

Iraq and Kuwait signed 2 memoranda to lift Chapter Seven sanctions

 

 

29-05-2013 - 12:00

                         

 

 

Iraqi Minister of Foreign Affairs Hoshyar Zebari signed, on Tuesday May 28, two memoranda of understanding with his counterpart Prime Minister and Minister of Kuwaiti Foreign Affairs Sheikh Sabah Al Khalid Al Hamad Al Subah concerning the maintenance of physical delimitation of common borderlines and financing the project of building a residential compound in Oum Qasr.

“Iraqi Minister of Foreign Affairs Hoshyar Zebari and his convoy’s visit was fruitful as two memoranda of understanding were signed with his Kuwaiti counterpart Sheikh Sabah Al Khalid Al Hamad Al Subah concerning the maintenance of physical delimitation of common borderlines and financing the project of building a residential compound in Oum Qasr”, said Iraqi Foreign Affairs Ministry is a press release issued, of which Alsumaria got a copy. It added that the discussion that took place in the presence of the legal advisor of the Prime Minister Fadel Mohammed Jawad, the Minister’s advisor Mohammed Al Hajj Hamoud, Iraq’s Permanent Delegate in the United Nations Mohammad Ali Al Hakim and Iraq’s Ambassador in Kuwait Mohammed Bahr al Ulloum”.

“The two parties held a press conference in the Kuwaiti Ministry of Foreign Affairs attended by Arab and international news agencies; during which they announced the files discussed”, added the Foreign Affairs Ministry’s release.

“Kuwaiti Prince Sheikh Sabah Al Ahmed Al Jaber Al Subah applauded the efforts exhorted by the Iraqi government to end the third phase of the maintenance of physical delimitation of common borderlines as per the Security Council’s resolution; during a visit paid by the Iraqi delegation headed by Foreign Affairs Minister Hoshyar Zebari to Al Seif Castle”, highlighted the press release. It noted that “Kuwaiti prince announced during his meetings that his country was ready to help Iraq lift UN Charter’s Chapter Seven sanctions”.

In its concluding statement, the Ministry of Foreign Affairs stressed that “Kuwaiti Prime Minister Jaber Al Mubarak valued the efforts exhorted by the Kuwaiti and Iraqi delegations who work on reinforcing the ties between the countries; while receiving Zebari and his delegation in the Princely Hall in Kuwaiti National Assembly”. “Mubarak discussed with Zebari the upcoming agreement that will be signed between Iraq and Kuwait during his awaited visit to Baghdad”.

Kuwait welcomed on Tuesday May 28, the transfer of the file of Kuwaiti people missing or taken as hostages in Iraq to the 6th Chapter instead of the 7th Chapter; reiterating its support to Iraq in implementing any resolution stipulated by Chapter Seven. It also praised Iraq’s cooperation in abiding by this Chapter’s decision throughout the previous period.

Iraqi Foreign Affairs Minister Hoshyar Zebari arrived on Monday to Kuwait in an official visit that will last for two days, during which bilateral relationships were discussed as well as the latest political developments on the Arab and regional level.

Human Rights Minister Mohammed Shayaa Al Sudani asserted in a press release issued on the margin of his meeting with International Coordinator of Kuwaiti Missing Persons’ Affairs Ghanadi Tarasof; on November 20, 2012; that Iraq is committed to cooperate with Kuwait and international organization to end the missing persons’ file and to lift Chapter Seven’s sanctions; under a third party supervision. Kuwait expressed its approval to any resolution issued by the United Nations that would take this file from its international context and into a bilateral cooperation framework.

Iraq has been submitted ever since 1990 to Chapter 7 of the UN Charter which was implemented after ex-President Saddam Hussein invaded Kuwait in August 1990. This chapter allows the use of force against Iraq which is considered to be a threat to international security in addition to the freezing a huge amount of its financial assets in international banks to pay indemnities to people harmed by the invasion.  

 

 

THE LINK : http://www.alsumaria...lift-chapter/en