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Saturday, May 26, 2018

IQD RV Update News (RANT# 158)

DINAR GURUS UPDATE 26 MAY

5-26-2018   Newshound Guru MilitiaMan   Quotes:  "The main ingredient in the successful introduction of a new currency is a strong commitment by the central bank together with the government to take the steps needed to ensure that the new currency is perceived as stable by companies, the general public, and the international community."  "The next phase of currency reform is the conversion from old cash currency to new. "   I am of the opinion that Irag has provided all the above. Add in that Alak the CBI Governor was in the media having along side him the presentation boards and ATMs... The ATMs are now and have been in place...The Modernized banking is in effect, the ability to have E-Dinar or Lower Denominations.  We also see the political side of things be for Economic reforms and Article 140 being for the citizens to bring out of poverty and share the wealth...!  ... The bigger picture may be in view for all now... It sure is for me.. imo.  [post 2 of 2]

5-26-2018   Newshound Guru MilitiaMan
   Article:  "BANKS AND DINAR RECOVERY The above is imo telling us the process from the Turkmenistan Model...   Quote:  "While unifying the exchange rate is important, the authorities must also modernize the national currency for a currency reform to be comprehensive. In Turkmenistan, the modernization entailed issuing a new family of banknotes that were smaller in size than the unnecessarily large old banknotes."   A change in currency is coming when new modern banking products are implemented or launched. They need to be fast about it too.   [post 1 of 2....stay tuned]

5-26-2018   Newshound Guru chattels   Article:  "Banks and dinar recovery"  Quote:  "more than two months ago the stability of the exchange rate and the recovery of the Iraqi dinar and the high purchasing power in the market of cash circulation because of the success of the plans and procedures of the Central Bank and the cooperation of the banking sector with him, which led to convergence of the exchange rate set by the Central Bank with the parallel market price,..."   The foregoing arguably confirms the compliance made with the 2 % spread toward a three month period.

BRMay242018

IQD CHAT, 26 MAY

, 07:21 PM holly    Banks and dinar recovery

26/5/2018 12:00 am  Samir Nusairi   more than two months ago the stability of the exchange rate and the recovery of the Iraqi dinar and the high purchasing power in the market of cash circulation because of the success of the plans and procedures of the Central Bank and the cooperation of the banking sector with him,

which led to convergence of the exchange rate set by the Central Bank with the parallel market price, despite pessimistic forecasts Which traders speculate that the dollar exchange rate will rise during the election and after the results emerge or cause the political circumstances of the US escalation against Iran.
 ...
For the purpose of assigning decisions of the Central Bank and maintaining the recovery of the dinar requires the Iraqi banks and branches of Arab and foreign banks operating in Iraq to go to real banking and activate the financing of small and medium enterprises and provide modern electronic banking products and attract deposits and participate in the establishment of the insurance company deposits and the establishment of the national companies to finance large projects ,

Which contribute to commercial and Islamic banks and cooperation with the Central Bank in the implementation of its policy in support of the development of the banking sector in accordance with the directives of the Governor of the Central Bank of Iraq last in the periodic meeting The last monthly of banking leaders and emphasis on the stability of the exchange rate and recovery of the Iraqi dinar.

And that this goal will remain one of the objectives of the central bank, which requires direct banks to immediately leave the total dependence on the window selling foreign currency in its financial activity.

The time has come for our banks to move to the practice of real banking, which is to provide modern banking products to the public and provide the best services to customers and work to increase the proportion of fin

holly    proportion of financial coverage .

The banking sector should play an important and important role in the development and revitalization of the economic cycle, stressing that the stability of the exchange rate should not make banks afraid of their future in the banking market.

On the contrary, the stability of the exchange rate should be an incentive to improve the banking sector and achieve growth in the national economy and stability in the monetary and financial system. And the trend towards investment and reconstruction. * Economic and banking consultant

chattels    " more than two months ago the stability of the exchange rate and the recovery of the Iraqi dinar and the high purchasing power in the market of cash circulation because of the success of the plans and procedures of the Central Bank and the cooperation of the banking sector with him, which led to convergence of the exchange rate set by the Central Bank with the parallel market price, .........."

chattels     " more than two months ................. convergence of the exchange rate set by the Central Bank with the parallel market price, .........."

Baxter    Two months down.... One Month to go.... Maybe...??

chattels     The foregoing arguably confirms the compliance made with the 2 % spread toward a three month period.

Baxter    Yep...    Totally agree

chattels    Baxter Yes, maybe !
chattels  " The time has come to move it to our banks to exercise the real banking business , ............. And it is the banking sector a key and important role in the development and revitalization of the economic cycle , with an emphasis on the stability of the exchange rate should be does not make banks worried about their future in the banking market on the contrary , must be a stable exchange rate incentive for the advancement of the banking sector and the growth of the national economy and the stability of the monetary and financial system The trend towards investment and reconstruction."

Baxter    I bet Kap just loves that article...

chattels   What other event has been prognosticated by anyone in Dinarland ?

chattels    holly Thanks for posting

dinard    Very good news today it seems

chattels    " ............... must be a stable exchange rate incentive for the advancement of the banking sector and the growth of the national economy and the stability of the monetary and financial system .."

chattels   convergence of the exchange rate set by the Central Bank with the parallel market price equates to a stable exchange rate

foxmulder    chattels the CBI is in charge of all aspects of monotery policy either printing new currency or exch5a rate resd5 their statement

chattels    foxmulder Not sure what you are saying literally or otherwise.

foxmulder    Their official statement states the The CBI is in control of ALL !aspects of monotary policy . Its their official statement of their obligations and rules

chattels     foxmulder How does such relate to anything posted by me ?

foxmulder    Exchange rate and printing of new notes always has been their duty and job

foxmulder    chattels not directed towards you personally Lol

chattels    foxmulder Not taking it personal, just trying to understand the import of your post. :)

foxmulder    Just the fact that the CBI IS IN CONTROL PERIOD !!

foxmulder    People dont get it !!    For heavean sakes how bloody clear does it have to be ??
foxmulder    Screw alk the extra BOVINE SCATOLOGY

chattels     foxmulder There are market forces that the CBI can influence but I do not believe that the CBI " controls " them directly.

foxmulder     If that does not makes sense w hat does
foxmulder     Yes they do i do not concur to that anology ! They may have to follow certain guidlelines for sure . But they have a tremendous impact

foxmulder     Market forces they have no crystal ball
foxmulder     But the basic implementation of currency regulatory impact they do
foxmulder     People make this so complicated they miss the simple basic concepts
foxmulder    The Cbi is our destiny PERIOD !!!

Spectra     immediately leave the total dependence on the window selling foreign currency in its financial activity.

Spectra     foxmulder i agree   why do they make it so complicated

foxmulder    Spectra it is not

Spectra     foxmulder no kidding ..i just agreed
Spectra    foxmulder yes why make up all this other junk ..That is all ive witnessed from the strat..i stick to the basics.

Spectra    Listen to the CBI...ONLY ...

foxmulder    has anyone read the CBI 's official statement

Spectra    foxmulder wich one?

foxmulder    Spectra wish gal !!

foxmulder    wise !! LOL

Spectra    so this last article looks too me like they may just be heading in the direction of ENDING the auctions.....Now that there would be great....

Spectra   That is how i read it...http://www.alsabaah.iq/ArticleShow.aspx?ID=157649

Spectra   http://www.alsabaah.iq/ArticleShow.aspx?ID=157649

foxmulder   Spectra have not been to the site in yrs ! it did say what their obligations were and duties and what they were in charge of

Spectra   foxmulder Yes..and ?

Spectra   foxmulder i do not go to the CBI on a daily basis maybe 1 time a week or less

foxmulder    Spectra of ALL currency and monetary policy

Spectra     foxmulder yes

foxmulder    gee thanks !!!!!!!!! not that hard to understand LOL

Spectra    foxmulder are you talking too me?

Spectra    foxmulder Because im not understanding what you are saying?

foxmulder    tired of seeing all this bull**** about regulations and they have to follow evrything to the ketter of the rules { so cslled } and they have to this and friggen that no they dont

foxmulder    Spectra not you directly why you take offence ?

Spectra   foxmulder ok....well dont tell me Because i am not promoting any of that....

foxmulder    Spectra never SAID YOU DI geezzzzzzzzzzzzzzzz

Spectra   foxmulder ok ..i agree. with you on all the crp people add too this

Spectra    foxmulder i came too say im with you on the same belief now you give me flack....

foxmulder    no kidding ! its never ending 
oxmulder   god bless it all people are so bloody mislead at times it is sickening

Spectra   ;eye roll; ;Thud

foxmulder   Spectra no im not ! giving you flack

Spectra    foxmulder alright then

foxmulder    im speaking in general your miss interpreting

Spectra  foxmulder im over it..no problem

foxmulder    but sinc your the only person interacting at the moment i can see how you would take t that way

Spectra    foxmulder lol


 09:47 PM foxmulder    well all you folks have fun with the elections and all the bloody articles and the float theory and lop theory and all the news spin see ya on the flip side good nite !!!!!!!!!!
IQD CHAT

KTFA UPDATE, 26 MAY

KTFA:

Manaolana3:  So many positive advancements being done in the final steps.

They are in the midst of a full-blown massive campaign, pulling out all the stops; BB outside, PB inside all the financial institutions in/out of Iraq to educate the citizens.

At the final countdown, when all the specifications for a suitable environment are met, it will blow.

When the MOAB (mother of all bombs) detonates. It will reverberate sending shock waves clear across the globe. The whole world will be in awe!

Like a swarm of BZ-Bees, foreign investors, businessmen, the global community, and entrepreneurs alike will descend upon and infiltrate the "New Mecca" of the Middle East, courting the  "prettiest girl in town," the likes that no one has ever witnessed before.

The motto, the theme for a "New Day" with new beginnings will be, "Together, Let's Make Money Again!"
....
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Samson:  Sudan seeks mechanisms to release 122 billion dinars from frozen bank balances

26th May, 2018

Minister of Industry and Minerals Mohamed Shiaa al-Sudani discussed on Saturday the mechanisms of launching 122 billion dinars of frozen bank balances.

The ministry said in a statement received by "Al-Gharab Press," a copy of it, "The Minister of Labor and Industry Minerals Agency Mohamed Shiaa Sudanese chaired a meeting to discuss the mechanisms of the release of bank assets frozen (suspended) at banks since 9/4/2003, amounting to (122) billion dinars and belonging to public companies Of the Ministry in accordance with the regulations and regulations in force. "

She added that "the subject of banking facilities provided by banks before the year of (21) billion dinars with interest, in addition to the share of the public treasury of the profits of companies for previous years."   LINK

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Samson:  Fatah and virtue seek to speed up the formation of the government

 26th May, 2018

The Virtue Party and Al-Fath Alliance, Saturday, 26 May 2018, the formation of the next federal government as soon as possible and abide by the deadlines and constitutional ceilings for the completion of election entitlements.

The Party of Virtue in a statement followed by the obelisk, said that the delegation of the party and during his rounds of Ramadan met with the leader of the Fatah alliance Hadi al-Amiri and a number of leaders of the coalition, and during the meeting addressed a number of topics that are the focus of the Iraqi street, where the parties stressed the need to form a government as soon as possible And adherence to deadlines and constitutional ceilings for the completion of electoral benefits, and the adoption of legal ways and means in dealing with appeals related to the electoral process.

The meeting also stressed, according to the statement, to invite all parties winning in the elections to participate in the dialogues because these parties represent the voters who put their trust in them.   LINK

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Samson:  US in ‘Wait and See’ Position After Iraq Election

 25th May, 2018

The victory of Shiite cleric Moqtada al-Sadr’s party in Iraq’s recent election has put the United States in a wait-and-see position, Defense Secretary James N. Mattis told reporters yesterday in Colorado Springs, Colorado.

The secretary was in Colorado to preside at the change-of-command ceremony for North American Aerospace Defense Command and U.S. Northern Command.

“History tells us that all wars eventually end, and the decisions you take following a war — comparing the United States leadership after World War II, versus what came out of Versailles after World War I — can set the conditions for the future,” the secretary said, adding that in this case, the United States must first see who is going to be the prime minister, because no party or coalition won enough to govern Iraq on its own.

After World War II

“First, all wars eventually come to an end. By 1948, ’49, after the vicious World War II, the Pacific Island Campaign was as vicious a fighting between two nations that’s ever been in history,” Mattis said. “We all know what Germany did during World War II with death camps [and] with invasions across Europe.”

And yet, by 1948 and 1949, he said, “we were standing up NATO to defend Western Europe, and we were working with Germany.”

“The Marshall Plan was underway,” Mattis said. “We were [also] working with Japan.” Germany and Japan now are U.S. treaty allies, he noted.

Mattis pointed out that despite the rout of the Islamic State of Iraq and Syria, some terrorists remain in Iraq. “But it was interesting, wasn’t it, that in the midst of everything going on next door in Syria, having recently destroyed the ISIS strongholds in Iraq – they are still isolated cells of them, of course,” the secretary said.

A Responsive Government

The secretary reiterated the United States will have to see whether the new Iraqi leaders form a responsive government.

Mattis noted the Marshall Plan was met with initial skepticism.

“People in 1944 were told basically in five years we’ll be serving alongside German troops and sending locomotives and railroad tracks to Germany,” he said. “We would have laughed in your face, said that’s not going to happen; this is a war to the death. Damn near lost.” But that’s exactly what we did, he noted.

“So wars rub the veneer off all of us and leave the passions really exposed, and now it’s time for strategic thinking, for looking to the future, and determining how the Iraqi people can dictate their future,” the secretary said, “not external threats from Iran, not money from Iran, not internal threats from ISIS or other terrorists.

“This is between our two governments, and we’ll see what government they end up with,” Mattis said. “So we’ll play that forward. It’s too early to tell.”    LINK