BondLady Admin Tlm: The CBI Has Reserves Of $80 Billion + 30 Tons Of Gold !

[DinarThug]

CNN. Broadcasting While Ignoring International Copyright Laws By Continuing The Use Of The Word "SandFly" From The Previous BondLady Thread !

 

 

 

National Economy   2/2/2014 0:00    BAGHDAD - Shkran Fatlawi

manager called the International Centre for Consulting and studies to the need to reconsider and review and amend the Banking Act

[tlm724] the need to reconsider and review and amend the Banking Act, leading to the liberation from the constraints in order to be launched towards strengthening the capacity of the national economy and rise to the level of performance and giving banks advanced in the world

[tlm724] pointed out that the decisions issued became the one hand, a state which reflected negatively on the reality of Iraqi banks, pointing out that he can not be that there will be investment in the world unless there is a free banking system

[tlm724] get that New Banking Law passed then let it fly, open the door to the world !
...
 

 

Banking products 2/2/2014

[tlm724] the importance of training and rehabilitation for the Angels governmental and private banking and the development of skills in accordance with the standards of international banking and Basel 3 and take advantage of the lessons and the lessons derived from global crises over the past years and its impact on global economies.

[tlm724] in accordance with the standards of international banking and Basel 3

[cowboy1] basel

[tlm724] cowboy1 yep and they are achieving that too

~~~

35 trillion dinars, the volume of cash in circulation  2/2/2014 0:00

Selling gold to the citizens aims to be towed

[tlm724] the withdrawal of liquidity from foreign currency amounting to - according to an official - 35 trillion dinars

[tlm724] the sale of gold to the citizens as well as Treasury Notes and the dollar would ease the liquidity as well as he promotes price stability.

[tlm724] that this measure would diversify the means savings for citizens and raise the purchasing power of the currency is likely to witness the price of gold marked decline his request in the market.

[tlm724] raise the purchasing power of the currency ! *hallelujah* raise the power !

~~

Scaling the phenomenon of amplification enhances the dinar exchange rate  2/2/2014

[tlm724] that monetary policy is one of the most prominent economic policies aimed at achieving economic stability and stabilization of the exchange rate

[tlm724] that the central bank has succeeded in achieving a large reserve foreign exchange amounted to more than 80 billion dollars and 30 tons of gold.

[tlm724] Indicating that fixing the exchange rate of the Iraqi dinar against the dollar key in (the dollar) is considered to be necessary and appropriate, and had a foreign currency auctions held by the Central Bank of Iraq played an important role in maintaining the appropriate level of the exchange rate and install it

[tlm724] It helps the confidence in the local currency to create the conditions for strong and deep in the stability of the financial system

[tlm724] And that the power to address the dollarization, is a measure of the effectiveness of monetary policy in the provision of reference moving to make the Iraqi dinar more attractive

[tlm724] moving to make the Iraqi dinar more attractive *hallelujah*

[tlm724] to support actions that will strengthen the position of the Iraqi currency and stability and without coordination between fiscal and monetary policies

[tlm724] work it !

~~~

Specialize: the central bank will control the gold market and break the monopoly of traders

[tlm724] as pointed out that the increase in demand for buying gold, "indicating a recovery situation of living of the citizens,

[tlm724] the Iraqi market imports about" 5 tons of gold per month which is the largest amount in the history of Iraq.

[campdav] Gold a hedge to their worthless paper

[campdav] WOW 5 tons a month

[tlm724] yep working on their liquidity campy  

[campdav] tlm724 Nice

[tlm724] The Iraqi Central Bank has decided, in (January 23, 2014), "SEC assortment of gold bullion" to sell gold to dealers, investors and segments of Iraqi society, as he emphasized that "this action represents one of the tools of monetary policy to the Bank."

[tlm724] "this action represents one of the tools of monetary policy to the Bank

~~~

Oil: Iraq will become the most important sources of global energy

[tlm724] Iraq will soon become the "most important" sources of energy in the world *mission*

[tlm724] that Iraq has oil reserves "of 143 billion barrels and accounting for 10% of global reserves," and explained that it aims to produce nine million barrels of oil per day by 2020, stressing that Iraq needs to train 500 thousand employees to cover the needs in the major oil and gas sectors.

[tlm724] needs to train 500 thousand employees to cover the needs in the major oil and gas sectors.

[tlm724] wow that should curb the unemployment a bit

~~~

The owners of hotels and tourist restaurants in Najaf object to new taxes controls

[tlm724] so that art^^ hotels etc...are suffering because of the tariffs, Iraq needs to increase the purchasing power before these kind of businesses collapse, just sayin...

[tlm724] and more businesses will follow suit, like a house of cards falling

[genx4me]

"Sandfly"

[Elixirbaby]

Soooooo 30 tons. What's that about roughly 1.3 billion value?

[bigwave]

At current gold prices at the time we wrote this page, a tonne of gold was worth very close to £10,000,000 (ten million pounds sterling), or nearly $20,000,000 (twenty million U.S. dollars).

 

World Production

In 2005, the world mining production of gold was 2,518 tonnes, and the largest producer country was South Africa at 300 tonnes, or approximately 30 tonnes per month.

 

http://taxfreegold.co.uk/metrictonnes.html

[Danomite]

"Sandfly!"

[DinarThug]

Here's Some Additional Article's Discussion From BondLady Today ...

 

 

 

Oil Ministry contradict the statements about Iraq's oil production: minister production rose, the spokesman export substandard

Ali Salman - 02.03.2014 AD - 12:02 The Oil Ministry announced, rising oil production to more than 3.5 million barrels per day.

[bondLady] if you don't realize whats so big about this article, its...during the Saddam era the most oil they ever produced was 3 million bpd...an there exchange rate then was 2+ , to see them record 3.5 mbpd is awesome  Very Happy 
...
 

 

  Reduce dollarization »enhances confidence in dinars   3/2/2014

[bondLady] this is exactly what I, we have been saying for years had to be done, gotta make them fall back in love with the dinar so they wont wanna love using the dollar any more..

is reason now to take measures, including preventing any business dealings internal to the dollar and restrict external transactions such as travel, treatment, and other than that required to buy the dollar.

[tlm724] Saleh is saying the time is right to restrict dollar usage and begin de-dollarizing !

the need to strengthen the confidence in dinars because he covered cash reserve Excellent gold and foreign currency, as the the current stage requires the reduction of dollarization interior and make the public trust in the national currency

[tlm724] the only way to increase confidence and trust is to add value to their currency, equal to or greater then the USD

noting the possibility of taking this action and educate traders of the importance of dealing in local currency and the reflection of this on the economy of Iraq as a whole.

[tlm724] this is the warning shot to everyone who deals with currency, telling them to get ready , the change it about to happen !

referred to the existence of Iqbal foreign investors abroad to buy dinar Iraqi of global financial markets, where they hope that the rising value in the near future as he returned to the circulation of a new global financial market

[tlm724] there you have it, that's us as well as any country that holds Iraqi dinar's in their foreign currency reserves , investment houses etc.. Wink

[tlm724] IMO we are right on the verge of seeing action towards the currency reform ! This isn't just some off the wall economist, it's Saleh ! If this doesn't excite you I don't know what will....

[Lightingcslt] awesome and very true. time to dedollarize and bring the Iraqi dinar back to its glory. someone needs to listen to him

~~~

Proposal .. Set up a fund called petro dinar   02/02/2014

[tlm724] a proposal to set up a fund called petro dinars,

[tlm724] dinars not dollars    

[tlm724] interesting could just be the translation... but I like the sound of that !

~~~

Net confirms: Kurdistan applied customs tariff   03/02/2014 11:40

[tlm724] for the purpose of follow-up work of the application of the customs tariff in the outlets of the Kurdistan region
   
[tlm724] , "The Committee asked the Ministry of Finance to clarify reasons for non- application of the customs tariff in the Kurdistan region, "stressing that it" must take legal action against all those who violate the law.

[rsp1] Gotta love that they're reinforcing the new laws

[tlm724] Kurds need to get it together, they are losing a boat load of money !

~~~

Experts: old laws obstacle in the banking performance  3/2/2014

[tlm724] that the instruments of the private banks is not acceptable to the government and that these conditions led to a split within the market and this split payment of capital to escape outside Iraq as a result of a lack of confidence that animated turn short-term capital.

[tlm724] again lack of confidence  

[rsp1] Now that they know where the problem lies...they can work on fixing it.

[tlm724] money going out because the laws are out dated and antiquated !

[tlm724] did not finish in favor Speaking of without putting some suggestions or solutions to improve the banking reality in Iraq, noting that unless the law may be promulgated investment banks must be to amend Article 28 to help the private banks and the granting of these banks loan encouragement to help them solve their problems accompanied by the issuance of the Banking Act, 

the government and called for the formation of a company to guarantee deposits Iraqi and the abolition of restrictions on the instruments issued by private banks and the establishment of an institute to prepare monitors banking specialists

[tlm724] they are working it, banking law and a guarantee of deposit system  

find ways to bypass the constraints faced by the support they need private banks from the government, the parliament and the possibility of expanding These banks are in the process of investment and economic development.

           

[Djorgie]

At least they have actual gold and literally tons of it to back their currency. That's A LOT more than the U.S. can say.

[SnowGlobe7]

They got oil...they got gold....they got a crappy currency...somethings gotta give

[DinarThug]

They got oil...they got gold....they got a crappy currency...somethings gotta give

 

Possum's Bladder On His Bosses Desk ...

 

             

[sandfly]

THANKS

[DinarThug]

UR SUPPOSED TO SAY SANDFLY

[outlawclg]

Possum's Bladder On His Bosses Desk ...

 

             

bladder is ok.......  just don't bring out whats in the marsupial pouch.

I didn't know mama had a desk

[R2d2dc]

Sandfly

[vietnam1969]

LOL   Sandfly 

[SnowGlobe7]

sandfly