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11am  June 21st, 2015

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Table of Contents

KTFA:

Frank26:
  NOTE once this is done article 8 articles will follow.....rapidly
( see article below)   KTFA  Frank


BigIron:   Yes sir. I pray that the family understands how important article 8 is to our investment. Article 8 and the HCL are what this old timer has been waiting patiently to be implemented.

Frank26:  IMO....... 1 out of 2 ain't bad.

IMO ....... HCL in the Budget awaits ...... Article 8 !   Strong IMO.    KTFA  Frank


Walkingstick  ? June 20th, 2015, 11:01 pm 

Iraq is seeking to get "credit rating" reasonable

Adel Abdul Mahdi - 06/21/2015 - 1:00 |
.... 


Urgent .. Keywords: central bank intervention in the decisions that affect the work

Follow-up - The governor of the Bank of the Central Bank of Iraq on the Keywords, the bank agreed with the Association of private banks to develop procedures to support the stability of the currency exchange rate.

According Keywords in a joint press conference with the President of the Association of private banks and depositary Handal, that "change or raise the exchange rate means carrying citizen direct burden of this increase, what happened in the past few days is not normal, pointing to attempts to involve the kind of speculation and other things "noting that" it is not reasonable to increase the exchange rate within one day 100 degrees and can not be the only factors and the presence of non-natural causes leading to this increase. "

He continued, "As long as we are able to respond to the request, no matter how its size, we have no fears or concerns to influence the exchange rate." alrayy.com

wmawhite: For sure,.....there is a lot happening and Iraq is involved in many discussions with many countries.

puffdragon:
This was my take from BGG explaining this emergency meeting for Sunday and Alak should be worried, with this press conference of Alak's - he is IMO (worried).  
beth:
And what are your thoughts about Alak today?


 

Millionday News 6/20/15  Part 2 of 2

Welcome to dinarupdates.com for News Time with Millionday!!

Millionday: NOW THIS IS VERY INTERESTING

Millionday: DONT MISS A WORD

Millionday: The governor of the Iraqi Central Bank on the Keywords, on Friday, that there are attempts to weaken the Iraqi dinar, noting that the Iraq Central Bank seven shields vulnerable Iraqi currency.

Millionday: Keywords and he said in a statement received by the agency / information / copy of it "proved the facts of the past few days that attempts to weaken the Iraqi dinar and the attempts of speculators fool hard facts have been unsuccessful and will develop to fail at any time," 

stressing that "the power of the dinar back to the reasons for which is that there are seven facts constitute a shield bunker local to our currency.
~~~


Millionday News 6/20/15  Part 1 of 2

Welcome to dinarupdates.com for News Time with Millionday!!

Millionday: LOTS OF ECONOMIC NEWS SO HOLD ON -- WHOOOPOW

Millionday: HERE WE GO -- WHOOPOW

Millionday: Called MP from the parliamentary bloc of virtue Ola Nashi, Saturday, the Iraqi Central Bank to deal transparently with respect to future plans and strategies, 

and the defense of the gross national product of Iraq, stressing the need to detect the real value of the reserves as part of the integrity and transparency.

Millionday: NOTE -- PARLIAMENT ASKING FOR THE REAL VALUE OF RESERVES -- TRANSPARENCY -- SMILE
~~~


From WealthWatch.World Forum

This from Butifldrm is in response to Sczin11 earlier post --    LINK

GM scizn  Rolleyes .  Iraq including the CBI is a HOT MESS!  I made a comment in your chat thread about my feelings.  I will bring it over here just to reiterate.  

Great post OOTW and you bring some very interesting points.  Iraq is a hot mess.  There has been much discussion about the competency of Keywords, and you know my feeling about Maliki's abrupt appointment of Mohsen's position as the Head of the Central bank. 

Days before Abadi took office Maliki took advantage of the situation.  Mohsen was his Pawn. 
~~~


 

THIS POST IS BASED ON SHABIBI'S 2011 TAPED DISCUSSION ABOUT THE IRAQI ECONOMY, BANKING PRACTICES AND MONETARY REFORM CONDITIONS...

PART 2 OF 2  wealthwatch.world forum

OTW: As the budget included the central bank to buy Treasury bonds and remittances to $ 6 billion and reduce the percentage of legal reserve held by banks at the Central Bank in half to provide budget resources. 

The seriousness of these measures GOES to reduce the effectiveness of monetary policy in the fight against inflation. Therefore, on the fiscal and monetary authorities to assess what you get compared to inflation of resources and instability, which can be a cause for the collapse in the real rate of the dinar.

Abraham: I am pretty sure they won't obtain and more funding from the IMF with imposing the tarriff. That is a standard IMF stipulation. Because they always introduce an income stream for repayment

OOTW: NOT OFFICIAL BUT YES IT'S NEWS WATCH

OOTW: WELL YOU SEE THE ABOVE STATEMENT? YET KEYWORDS IS SAYING INFLATION IS DOWN TO 1.7 AND WELL MANAGED/UNDER CONTROL
~~~


 

Thanks My Ladies For letting us share this from your chatroom:

MY LADIES:   BIG SIGNALS OF THINGS CHANGING...NORMAL OPERATING PROCEDURE IS SAUDI WILL NOT TAKE A BREATH OF FRESH AIR UNLESS THE USA TELLS THEM TO OPEN A WINDOW.

BUT NOW LOOK AT WHAT WE'RE SEEING, AND WHATEVER SAUDI DOES THE REST OF THE KINGDOM FOLLOWS...THE GCC IS VERY ORGANIZED LIKE THAT

Putin to discuss energy cooperation with S. Arabian crown prince in St. Petersburg - aide

http://rbth.com/news/2015/06/17/putin_to_discuss_energy_cooperation_with_s_arabian_crown_prince_in_st_pe_46976.html)
....


From WealthWatch.World Forum

THIS POST IS BASED ON SHABIBI'S 2011 TAPED DISCUSSION ABOUT THE IRAQI ECONOMY, BANKING PRACTICES AND MONETARY REFORM CONDITIONS...

I HAVE ALSO PULLED IN SHAB'S RECENT PRESS STATEMENT, RELEASED TO THE IRAQI ECONOMIST'S WEBSITE- THE OFFICIAL SITE FOR THIS PRESS RELEASE - 

PLEASE SEE HERE FOR THE ENTIRE ARTICLE  

LINK

Time stamp is AZ time:

[11:10:58] Donnie: 20/06/2015 08:40 GMT Urgent.. Keywords: central bank intervention in the decisions that affect the work

[11:11:24] Donnie: Follow-up - and babysit - The governor of the Bank of the Central Bank of Iraq on the Keywords, the bank agreed with the Association of private banks to develop procedures to support the stability of the currency exchange rate. 
~~~


The below posts were in our 6pm newsletter

 
Emailed To Recaps:

sczin11
:  WHAT IS GOING ON?  CBI GOVERNOR IS ALL OVER THE PLACE!  KEYWORDS THIS, KEYWORDS THAT..CAN YOU SAY..THE STUFF IS ABOUT TO HIT THE FAN? 

BIG RELEASES FROM THE GOVERNOR OF THE CBI TODAY, SATURDAY...THE FIRST SATURDAY BANKING DAY IN IRAQ, AND THE DAY BEFORE THE EMERGENCY FINANCE COMMITTEE MEETING...AND TWO DAYS AFTER THE COM CRISIS CELL MEETING...

HE ADMITS BEING UNDER PRESSURE...

HE STATES INFLATION IS NEGLIGIBLE...HE CONFIRMS REMOVING THE 8% TAX ON CURRENCY EXCHANGE EFFECTIVE TOMORROW, SUNDAY, JUNE 21, 2015...( when in fact, earlier in the week, it was announced July 1)...

HE STATES MONETARY PLAN MODEL NEEDED FOR currency IN THE COUNTRY...HE CONFIRMS $68 BILLION IN BANK RESERVES...
....


 

8:45 AM:  Dave:  Sadly it puts this metemorphsis in a date down the road a bit...

MY LADIES:  DAVE WE ARE MUCH MUCH CLOSER THAN ONE MIGHT THINK.

WE ARE HEARING TO MUCH IN MAIN STREAM MEDIA ABOUT ASIA AND BONDS AND UKRAIN, AND GREECE, AND DUBAI, AND SAUDI, THAT WE KNOW THEY ARE FURTHER DOWN THE ROAD THEN WE THINK


SANCTIONS...LET'S KEEP OUR NEW FOCAL POINT ON WHO IS UNDER SANCTIONS AND THE REASONS THEY ARE COMING UP WITH TO HAVE SANCTIONS REMOVED.

IT'S ALL OUT THERE..THE END OF THIS MONTH IS SIGNIFICANT FOR MANY REASONS.

STAY OUT OF IRAQ AND YOUR FRUSTRATIONS WILL SUBSIDE.
....


  
Thanks My Ladies for letting us share from your chatroom today:

6:41AM: WC:  From the moment they introduced a re-invention of asset class currency we knew that fiat would be sucking wind. 

Now I am not sure how Greece's default will really do anything for the dinar, but should thrash the bond markets and underlying swap deals (perhaps not true with all these recent swap deals). 


 So the brics are bringing on their new bank and system, big deal.  They are poor in nature and are fed from our breast, IMO. 

The IMF have been warning fiat currency nations that if they prepare in the right way, they should not fear asset based currencies.  So all of that to say Iraq I believe will be one of those asset based currencies.  

Their currency problems is like you having a one million dollar painting in your living room, but only having one dollar in your wallet.  You too would be having liquidity issues until you leveraged that painting.  Oh, but what do I know....nothing
....


  
Morning News Comments 06/20/2015

Put a picture "Kut Barrage" new financial currency

[tlm724] The President of the Council of Wasit province Mazen Zamili, Friday, for the approval of the Central Bank of Iraq and taking into consideration the development of image Kut Barrage in the new financial currency.

[tlm724] that "the Governor of the Central Bank has agreed to our request submitted taking Kut Barrage need to give great importance to being a landmark and a national treasure to be its image in one of the new currency."

[tlm724] you know what that shows us ?

[tlm724] shows us that the new 50 and 100 k notes haven't been printed yet, remember the art that said they may come out next month ? I don't think if they are still working on the design that they would be ready that soon, just sayin...

~~~


 

Thank You BGG for sending to dinar Recaps

DinarUpdates.com / BGG Friday Nite Chat

Donnie: RV can happen when everything is done.  We don't have the list of what that everything is.  If we did we'd be able to cheat and buy a ton of Dinar right before the last thing on the list is complete.  

So IMO we'll never know what has to be done until after the RV and we look back to see what was done.  Providing we have time to look back with all that money to count and invest and use to help others.

beth: Donne, I agree. Too bad that we didn't have the blueprint of this RV.  (lol)

BGG: IMHO - I don't agree with that - in fact, Xxx was hinting around the same idea today as well...
~~~


 

3 Comments

 

KTFA:

Frank26:
  KTFA FAMILY ............ They are working the MR in this method :

Credit Rating to LDs for next month ......... Many are excited and FUELED for they are pegged to the IQD........... As this leads to Article 8 compliances.

Many are doing things they can not afford at the moment ........ Kinda cool IMO.

Please enjoy this article.

KTFA   Frank

....


  
Millionday News 6/19/15  Part 2 of 2

Welcome to dinarupdates.com for News Time with Millionday!!

Millionday: THE ISSUE IS THAT IS NOT A GOOD THING -- THEY HAVE REFORMS AND PLANNING TO THINK ABOUT -- PRICING ETC -- THE GOAL IS TO MINIMIZE THAT

Millionday: Published (range Press) draft law of the National Guard in Iraq and amendments made to it by the political blocs, the following is the text of the draft.

Based on what passed the House of Representatives and approved by the President of the Republic and based on the provisions of the first item of Article 61 and Item III of Article 73 of the Constitution.

Issued the following law:   National Guard Law

Millionday: WHHHHOOOPOW
~~~


Millionday News 6/19/15  Part 1 of 2

Welcome to dinarupdates.com for News Time with Millionday!!

Millionday: Governor of the Central Bank take on the Keywords, Thursday, that the decision to cancel the duties and taxes will reduce the dollar exchange rate significantly, confirming the approval of the crisis cell on the Bank's proposal to delete the custom duty and tax on the purchase of the dollar.

Millionday: NOTE -- SOME THINK THIS IS NOT A GOOD THING --BUT - 

A PARALLEL MARKET CAN NOT DEVELOP-- THIS WILL MINIMIZE THE SPREAD FROM OFFICIAL RATE ---SO WE CALL THIS ECONOMIC TOOLS BEING USED FOR PREPARATION

Millionday: Keywords and he said in a press statement Agency / information /, received a copy of it, that "the economic crisis cell headed by Prime Minister Haider al-Abadi agreed to the proposal of the Central Bank of Iraq delete custom duty and tax imposed on the purchase of the dollar, amounting to 8%."
~~~


 

Thanks My Ladies for letting us share this today.

JP: Mary, what are your reasons for July being good?

MY LADIES:  THIS MONTH WE HAVE IRAN SANCTIONS, GREECE DEADLINE AND ONE THING OR ANOTHER WILL HAPPEN, WE HAVE THE CREDIT RATING FOR IRAQ, WE HAVE THE START OF THE RUSSIAN SETTLEMENT SYSTEM AND THE CHINESE SETTLEMENT SYSTEM, WE HAVE UKRAINE GETTING READY TO EXIT (The Euro)

AND THERE ARE PLENTY OF THINGS HAPPENING IN JULY TOO.

LIKE I JUST POSTED JUST LOOK AROUND AT ALL THINGS GLOBAL AND ALL THINGS BANKING, LOOK AT THE MARKETS AND ESPECIALLY THE POSITIONING IN THE COMMODITIES MARKETS
....


  
KiwiDoc: Does anyone know when the next conference call is?

OOTW: NOT SURE GUYS

OOTW: THE NEWS TODAY IS GREAT

OOTW: WE MAY WAIT UNTIL SUNDAY AFTER THE PARLIAMENT RELEASES / IF THEY RELEASE ENOUGH INFO

KiwiDoc: I'm glad I heard your first call. Starting from day 1 is cooL.

OOTW: THANKS KIWI YEP THAT WAS THE FIRST TIME EVER FOR ME

OOTW: I WAS SOO NERVOUS  LOL
~~~


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