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RCookie, from DinarUpdates.com has passed away. The Dinar Community has lost a great one.
Dinar Updates and BGG has opened up a Memorial Fund for the Family.
Robert Cook was tireless in his support of the entire Dinar Community. His effort, his contribution and his spirit will be greatly missed. This memorial fund is an expression of our gratitude. It will be used for floral arrangements and minor expenses prior to his funeral... The rest will be turned over to the family for final expenses and other - as they see fit.
Donate Here:
https://www.gofundme.com/robert-cook-memorial-fund
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loop says():"the Iraqi Central Bank, has issued new instructions to regulate the sale of dollar transactions for the purposes of coverage of imports by the private sector,
loop says():the instruction stresses the need to achieve the main objective of the Central Bank, a knowledge of the ultimate beneficiary and the preservation of hard currency for Iraq through the optimal use in order to serve the national economy and sustainable development,"
loop says):a knowledge of the ultimate beneficiary
loop says():The IBANs make this very easy to track.
loop says():The actions that are happening in the bank sector right now are a huge indicator of where Iraq is headed and that should make everyone in this room very very excited.
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loop says():What Can Go Wrong?
Letters of credit make it possible to reduce risk while continuing to do business. They are important and helpful tools, but they only work when you get all of the details right. A minor mistake or delay can wipe out all of the benefits of a letter of credit.
If you rely on a letter of credit to receive payment, make sure you:
-Carefully review all requirements for the letter of credit before moving forward with a deal
-Understand all of the documents required
-Will truly be able to get all of the documents required for the letter of credit
-Understand the time limits associated with the letter of credit, and whether they are reasonable
-Know how quickly your service providers (shippers, etc.) will produce documents for you
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loop says():Twilight News publishes decisions "Baghdad dialogue."
Twilight News / hold the Iraqi Institute for the dialogue of thought in collaboration with the House of Representatives and the University of Baghdad, on 14 and 15 of this month, Baghdad dialogue forum under the title of "post-victory Options."
And participated in the Forum Islamic Republic of Iran, the Republic of Turkey, Hashemite Kingdom of Jordan, Arab Republic of Egypt, Syrian Arab Republic, the State of Kuwait, the Lebanese Republic, and the contribution of all government institutions and the involvement of the political, academic and media, cultural and other personalities.
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Notes From The Field By Simon Black
January 17, 2017 Santiago, Chile
A Great Business Is One Of The Best "Real" Assets To Own
I've got auditors sitting in my office here in Santiago right now.
No, not those auditors. Not the kind from the IRS that strike fear in the hearts of taxpayers.
The auditors in our office are from one of the big international accounting firms, and we invited them to review our agriculture company's 2016 financials.
This is something that nearly all large, responsible businesses do in order to provide their shareholders with a comprehensive annual report.
I wear multiple hats; as an entrepreneur who has started a few large companies, I have shareholders that I need to keep updated.
But as an investor, I'm a shareholder in a multitude of businesses, and I need to be updated about how those investments are performing.
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The below posts were in our 6pm newsletter
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Post From Dinar Updates
Chat Room News Excerpts & Highlights
Dinar Updates Monday Late PM Chat 1-16-17
loop says():the declaration of the Rafidain Bank, is ready to receive letters of credit without a broker, is an indication to leave the bank era prosecutions was Rafidain Bank faced internationally, pointing out that the evasion of those prosecutions was the main reason to establish the trade Bank of Iraq TBI in July 2003,
which means that the latter bank has completed the task of facilitating and facilitating the Iraqi Ministry of Foreign trade, under the economic sanctions that were imposed under Chapter VII of the Charter of the United Nations.
loop says():pointing out that the evasion of those prosecutions was the main reason to establish the trade Bank of Iraq TBI in July 2003
magnetlady says():Thanks loop
magnetlady says():Hey be back in a minute, kitties need dinner.
loop says():the most important step is the return of Bank of Iraq to the UN to deal away from mediate with the Trade Bank of Iraq, which was the only mediator in the deal between the Iraqi banks and other banks abroad on the issue of letters of credit. "
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Post From Dinar Updates
Chat Room News Excerpts & Highlights
Dinar Updates Monday Late AM Chat 1-16-17 Part 3 of 3
loop says(): Q:Why did not provide Iraq to ask foreign bonds?
Foreign bonds were unavailable for Iraq, because the bonds when issued depends on the credit rating or a sovereign and classification of Iraq is still without tempting level for the market of global securities,
so the required interest rates are high and we tried last year as it went delegations to market foreign securities and the percentage of interest rate of 11 percent, the central bank has agreed to buy money orders, because the cost of foreign bonds are high ..
now with the guarantee of US government bonds and there are preliminary approval and will decrease interest rates for up to 3 percent or less of the presence of international confidence, because these guaranteed bonds bonds about mostly do not exceed their usefulness 3 percent,
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Post From Dinar Updates
Chat Room News Excerpts & Highlights
Dinar Updates Monday Late AM Chat 1-16-17 Part 2 of 3
diagyAAAE says to jeffusa():The process of selling the dollar by the central bank is the process of sterilization, window sell the currency is not an option for the bank it is a legal issue relates to monetary policy requirements if the bank withheld for this collapse of the Iraqi dinar,
because the dollar source in the Iraqi government, if the government grabbed the dollar and Ahjpt for sale means that the dinar Iraq will collapse, and the fact that the government when dispensing any dinars like really gave the citizen replace dollar or goods interview .. and some wonder why are not central banks in other countries in this process? ..
the issue is quite different, as the countries that have the resources in dollars as a result of tourism and exports investment or transfer residents from the outside to the inside of the Central Bank which does not need to interfere with the presence of dollars in the market, there is supply and demand organize itself and interfere central bank when there becomes a disruption of the relationship between the local currency and exotic price,
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Post From Dinar Updates
Chat Room News Excerpts & Highlights
Dinar Updates Monday Late AM Chat 1-16-17 Part 1 of 3
slh5282 says():Is this ever going to happen?
hutch says to slh5282():What makes you think that it wont?
subgirl says to slh5282():yes and with all the news we have been hearing and isis in mosul going down and all the corruption and money being brot back it is coming very very sooooon!!!!
Doug_W says():5282 as we have NO idea whats happening we can't say when but we are CLOSE
subgirl says to slh5282():I cant help but from being excited!!!! :)
slh5282 says():i think it will ..just wish it was today.
hutch says to Doug_W():But.... we do have an idea of waht is happening.
hutch says():what.... geez
Doug_W says():yes but not behind the scenes
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WSOMN:
StillOKRocks: The world in on the Verge of change... the president-elect himself said the dollar was already "too strong." and said "our companies can't compete with [China] now because our currency is too strong. And it's killing us." The result: a broad drop in the USD across all currencies overnight.
StillOkRocks: Change ... May confirms Britain leaving single market. British Prime Minister Theresa May confirmed Tuesday that Britain will be leaving the single market, but will try to secure an ambitious free trade agreement with the European Union.
StillOkRocks: Change... World Economic Forum in Davos on Tuesday, which underscored Beijing's desire to play a greater global role as the United States turns inward.
StillOKRocks: Change ... WEF founder Klaus Schwab said Xi's presence was a sign of the shift from a uni-polar world dominated by the United States to a more multi-polar system in which rising powers like China will have to step up and play a bigger role. "In a world marked by great uncertainty and volatility the world is looking to China," Schwab said before Xi spoke.
....
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The below posts were in our 10am Newsletter
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(Thank you George for emailing this to Dinar Recaps to post.)
January 17, 2017 Mnt Goat News Brief
Hi Everyone,
I bring you much news today.
Lots of very good articles this period. So it's mid January already and still no RV. Where is Iraq in this process? There is absolutely nothing to indicate to us any hold up or delay in the EARLY 2017 process to move forward with the "project to delete the zeros". There was one new article about the project to delete the zeros and I believe this one was totally misinterpreted by many. So today I wanted to bring this article an clarify it for you and to say I believe it is actually just the opposite. It is all very good news. You see if you walk around with your head in the sand fearful or think about the glass as half empty then you too can not see things the way they really are.
I want to give you all an example of just want I mean. In one of my recent news letters someone asked me if we could go directly to the Federal Reserve and exchange our dinar. Their intent of this question was to try to see if they could bypass the private bank's exchange spread and maybe even get a much better rate from the Feds.
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KTFA:
DELTA: HELLO FAMILY: AS WE KNOW ON 01/10/2017 Masum DID approves the budget for fiscal 2017 Act and sends it to the Official Gazette for publication.
MY Q TO YOU FAMILY IS.......... HOW COME THE GAZETTE IS SHOWING THE DATE OF BUDGET AS 01/09/2017 IF IT WAS APPROVE BY Masum ON THE 10TH?
Frank26: A.) Because they tell us WHEN and HOW ....................... What they want to.
B.) Because the Gazette had it long before the 9th.
C.) Because the New rate is about to come out.
D.) Because DELTA said so.
E.) All of the above ?
Psst ........... It "B" .............
DELTA: FRANKIE I LIKE THE LAST ONE .......TA DA
Frank26: I cheated .................... i have extra NOTES .......lol.
....
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Late Monday Night:
WSOMN:
ADMINBILL: HANG ONTO TO YOUR SEATS DUDES AND DUDETTES (IF I MAY BE SO BOLD). LIFT OFF IS IN SIGHT. AND IT COULD BE BEFORE THE INAUGURATION.
NO PROMISES BUT THE LINES ARE BUZZING.
REMEMBER, WE HAVE HEARD IT ALL BEFORE BUT THIS IS VERY WELL SOURCED.
UPDATE INFORMATION:
I just received a personal message and got permission to share with everyone:
Tonight brings excellent news with a possibility of an increase in value of all currencies between shortly before and shortly after the inauguration. This information is new tonight with multiple separate sources in agreement.
Use common sense in developing your own opinion but it appears we are inching rapidly to the finish line.
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WSOMN:
DollarBill1: what is FRANK saying anyone
RaginCajun: THE RATE HAS BEEN REMOVED FROM THE CBI FOR 14 DAYS
THEY ARE WORKING ON A LOT OF LAWS
Snake: He is talking about how much foreign is being introduced into Iraq and asking do you think this would be happening at a program rate that was not going to go up
He made a mistake on an earlier call now saying Abadi does not have to be in Iraq for the RV to occur where before he had said that was a requirement
RaginCajun: THE CBI IS WAITING ON THE GOI
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DISCLAIMER: We do not endorse, support, represent or guarantee the completeness, truthfulness, accuracy, or reliability of any content or communications posted or otherwise contained on Dinarrecaps.com or any Dinar Recaps Twitter or Facebook account or Dinar Recaps email or newsletter or post or any related or affiliated website or Twitter account (collectively, the "Website"). We do not endorse any opinions expressed on the Website. Dinar Recaps is not a registered investment advisor, broker dealer, banker or currency dealer and as such, no information on the Website or Email newsletter should be construed as investment advice. We do not intend to and are not providing financial, legal, tax, political or any other advice to any reader of the Website. This site is merely for informational-entertainment purposes. It is not the purpose or intention of this site to influence any person to purchase or sell Iraqi Dinars or any other currency. Do not buy, sell, trade or hold any Iraqi Dinars or any stocks, bonds, other currencies, or commodities based upon any postings or messages on the Website or referenced on the Website. You should seek and rely on the advice of licensed and registered financial, legal and tax advisers of your choice. The owners or operators of the Website shall be all be held harmless for any/all information posted on this site and Twitter account(s) and email newsletter(s). Any and all information contained herein shall be construed as "Rumor." The owners and operators of the Website site shall not be held responsible for any information contained hereon including information provided by others.
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