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DINARESGURUS.BLOGSPOT.COM_________________ _______

Thursday, January 24, 2013

IM HEARING IT'S DONE, 24 JAN

TerryK Chat 1/24/12 6:00 p.m. est

[TerryK] IT’S NOT HERE YET - HERE IS ANOTHER NEWS FLASH THERE ARE NOT ANY SPECIAL CODES THAT WILL GET YOU MORE - THAT IS TIED TO WF INVESTMENT GROUP - THAT MEANS THEY TAKE YOUR DINAR THEY USE IT, THEY GIVE YOU A BIT MORE, BUT THEY USE IT 
[Agent 007] How are you feeling?
[TerryK] I’M FEELING OK THANKS FOR ASKING - LEFT EYE FUZZY, RIGHT EYE 20/20
[Agent 007] great on the right - getting the left fixed up later then?
[TerryK] 6TH  HERE IN HOUSTON AFTER THE RV I THINK
[duffy2] TK: Glad you are feeling better. New eyes. No mo glasses. Good deal for sure. Wish that kind of surgery would work for me. It won't, so 72 years of waring glasses will have to stand. Hope they clear up fast
[TerryK]  YOU JUST NEED TO GO TO WF SITE AND TYPE IN OR GOOGLE INTERNATIONAL CURRENCY EXCHANGE LOCATIONS  WF IT WILL COME UP, BUT DON’T LET ANYONE SET ANYTHING UP FOR YOU ANYWHERE - DO NOT TELL ANY ONE WHERE YOU’RE GOING,  WHAT YOU’RE DOING AND DON’T TALK ABOUT IT ON HERE - PERIOD
[niftyfifty] thanks... i know i can open a checking online... but figured I would have to travel to exchange...
[TerryK] YES YOU WILL BUT DON’T TRUST ANYONE NOT EVEN ME
[TerryK] I HAVE FIVE BANKS LINED UP:  CHASE, BOA, 5/3RD, WF, TD
[TerryK] DON’T DO IT ALL IN ONE AND FOR GODS SAKE
[duffy2] TK: Are you sure BOA going to be safe place??
[TerryK] NO BANK IS SAFE BUT IT’S GOING TO EXCHANGE JUST DON’T TELL ANYONE WHERE AND WHEN YOU’RE GOING
[TerryK] THINK ABOUT THIS
[TerryK] YOU DON’T KNOW, YOU ASK
[TerryK] NOW A BUNCH OF BAD PEEPS KNOW YOUR LOOKING IF THEY KNOW YOU OR SOMEONE KNOWS YOU THEY CAN SIT AND WAIT
[chrivers] This is where He and I disagree because he doesn't believe in a group rate... so I will decline to mention it further.... this is His site...
[TerryK] THERE IS NO GROUP RATE STOP TALKING THAT CRAP - WF SAYS NO SUCH THING - BOA NO SUCH THING - UST SAYS THEY CAN NOT DO THAT
[Midnight Blue] TK Have you heard anything about a new currency that is not tradeable or available now (but will be available in 7 to 10 days) and it is not the dinar? Could it be the new US Treasury notes?
[duffy2] TK: Are you still hearing $13.18 and $ 12.86 ?????
[Terryk} YES AMONG OTHER THINGS
[TerryK] 4.35
[TerryK] 6.18
[TerryK] IT’S ALL OVER THE PLACE
[TerryK] AND HEARING IT’S DONE
[angelbabies28] done as in it happened??????
[TerryK] YEA RIGHT
[chrivers] I have a contact with WF, TK.... and Yes they have agreed to give a perk on money deposited with their bank, and left there... 
[Dee1031] tk what about the pp's....done?
[duffy2] Ya mean they nailed down the other Cabals foot to the floor now??
[Midnight Blue] TK How is the delivery of the pp packages coming. Have the requirements changed per your comments last night?
[TerryK] PHONE - I TOLD HER TO STOP TALKING ABOUT IT 
[TerryK] IT’S A SCAM CALL THE BANKS AND ASK IF THEY ARE GOING TO GIVE YOU A GROUP DEAL – THEY WILL LAUGH AT YOU
[GEOPIA10] hey ghost any thing on the vnd? ist still looking like.478
[TerryK] I’M HEARING IT’S STILL .478
[midnight blue] TK. Tiers 3 & 4 and 5?
[TerryK] 1/2/3 DONE; 4 IN PROCESS I UNDERSTAND
[TerryK] WITH 5
[ram1]    do all 5 tiers have to be done for us to CE?
[midnight blue] 70 percent done?
[wtfsmdh] hey im not doing that
[TerryK] NOPE MIDNIGHT
[rgone] Does that mean 4 and 5 are going simultaneously?
[TerryK] WHAT I HEAR RGONE
[TERRYK] GOT BUMPED
[Cougar13] and the Man id back
[Midnight Blue] TK 70% how close??? When??
[TERRYK] SO ANYWHERE
[Dee1031] oh oh
[TERRYK] I DON’T KNOW MIDNIGHT
[TERRYK] I HAVE NOT ASKED
[carguy]    Quick - how many fingers?
[TERRYK] JUST KNOW THE MARSHALLS ARE OUT DELIVERING
[TERRYK] ONE CAR
[TERRYK] PUT THAT MIDDLE FINGER DOWN
[TERRYK] SO I WANT U TO ALL UNDERSTAND THIS
[Midnight Blue] TK anyone doing a holdup?
[Ks_dad] and they are holding handcuffs
[TERRYK] I HAVE DONE ALOT OF CHECKING INTO THIS GROUP CODE THING
[TERRYK] EVEN DINAR BANKER SAYS THEY HAVE TALKED TO UST AND IT’S ALL A SCAM
[TERRYK] DONT TRUST GIVING YOUR DINAR TO ANYONE
[TERRYK] THAT’S WHAT THEY REQUIRE
[TERRYK] THEY WANT YOUR PERSONAL INFO
[TERRYK] U DO WHAT U WANT
[TERRYK] BUT I WILL NOT ALLOW THAT TALK ON MY SITE
[TERRYK] OK
[angelbabies28] gotya boss
[TERRYK] IF IT WAS REAL DON’T U THINK I WOULD DO SOMETHING FOR YOU ALL
[TERRYK] IN FACT MOST BANKS DON’T WANT THAT
[Midnight Blue]    Anyone holding this up?
[TERRYK] WHAT THEY HAVE TOLD ME IS THEY CAN’T AFFORD TO HAVE THAT AMOUNT COME IN AND GO OUT IN THE SAME 30 DAYS
[niftyfifty]    Thanks for the info. i still want to know if DB will still exchange me(I did buy dong through them, but not dinar)and the last I heard from them was they would exxchange the dong but "may require" adocument from Dinar Trade which according to him, doesn't want to comply...so will he exchange my dinar and my kid's? Thanks for your input...
[TERRYK] THEY DO ALL THAT’S LISTED ON THEIR SITE

DINAR GURUS UPDATE, 14 JAN

1-24-2013  Intel Guru Winalot   Article:  "CBI announced, Thursday, on the implementation of the steps the electronic linking of information daily auction of foreign currency between institutions Bank and the Ministry of Finance and the General Authority for taxes."  ya all know what that means?  means the opening of the electronic window system.. thru the WTO.  Single window system...to open the single window system... [ Is this something showing the RV is about ready to "pop"]  it would have had to already popped.

1-24-2013  Intel/Newshound Guru Poppy3   Iraq news reporting that...the erbil 140 and court laws will be voted on saturday will reviel a lot for us. The budget and rate being rumored to be included and this has been suspected by many researchers for a while now that all will be completed in the same DAY... If these pass it opens the door for fast movement toward the rv and many good things for the iraq people.  

1-24-2013  Newshound Guru Adam Montana    [are they (IRAQ Leaders) doing this on purpose to drag out the RV as long as possible?]  I wouldn't say they are doing it on purpose to "drag the RV out", but you are correct that they are doing it on purpose. If they jump the gun and pop something like this before EVERYTHING is ready...before ALL of the ducks are lined up...before EACH and EVERY T and I are crossed and dotted...it will be a disaster. What would you prefer? A disaster where you "almost" made money but the value crashed again, or a prolonged wait until you can REALLY cash in on a stable(ish) currency?  I know which one I prefer. Smart money is patient

1-24-2013  Intel Guru BOBGETZ6   [any news from frozen man besides the cold weather]  The news stream is bone dry. Feels as if everything is ready and the someone, whomever that is, need to pull the darned trigger.

1-24-2013  Newshound Guru SWFloridaGuy    I want to make it clear that this next portion is strictly just my opinion after having researched this extensively over the past couple of years. I believe that it would advantageous for Iraq to have a more valuable currency at this time if they are truly serious about moving forward with a national economic reform and recovery (like they are claiming) while also extinguishing debt without creating inflation.  Barring further legislative changes and assuming they stick to the currency reform plan, I see things progressing relatively quickly and a good first step would be to pass these reforms over the next week. This would also be a great opportunity for Iraqi leaders looking to consolidate support for upcoming elections. Should be very interesting .  [post 3 of 3]

1-24-2013  Newshound Guru SWFloridaGuy    This is the budget proposal that Maliki initially opposed when he pushed for the introduction of the new infrastructure bill but it now appears that within the next few days that Iraq will approve their most prodigious budget ever. Now keep in mind, this is also why we are seeing concerns being raised over how they will be able to operate under the burden of a large amount of newly acquired debt. But it appears that the CBI has a plan to not only address this but also previous accounts held as well, which to me is extremely encouraging if true.  [post 2 of 3....stay tuned]

1-24-2013  Newshound Guru SWFloridaGuy   This Saturday could be a huge day for Iraq's Finance Committee/CBI/GOI/CoR. Today a committee member said that they are going to approve the budget in the next week and that they had agreed to extinguish the debt of the final accounts for the previous years between the CBI & Finance Ministry. Although there is no direct correlation to a new, revalued IQD rate referenced anywhere in budget numbers, we do believe that there will be a provision made for it [post 1 of 3....stay tuned]

1-24-2013  Intel Guru TerryK   A bit of news.  Just got a call from sources...IMF has been put on alert...a large amount of currency have gone into the UST... may support the liquidity of the RV... looking really well, looking good.

1-24-2013  Newshound/Intel Guru Flashing  we r in an excellent and historical moment...rumors, the last one is that we will see it on saturday, again just rumors.  with respect to the rates they are saying there is a high likelihood of a dummy rate, so be careful because the real rate as per these people will be over $5, again those are rumors.  On the other hand, imo, Iraq will be trasferred from ch 7 to ch 6 during this month as stated in the past by several articles. what they reached yesterday was a monumental step on this ride.  [do you feel were at the end...I mean very, very end?]  imo, yes. just think about it. why the UN has not named a high level coordinator to monitor ch 7 as they did in the past?  there is nobody holding the rv. it is not truethey are just waiting for some protocols and this is it...we are in an excellent position

DISCUSSION OF WINALOT: " TO OPEN THE SINGLE WINDOW SYSTEM, IT WOULD HAVE HAD TO ALREADY POPPED THE RV, 24 JAN


winalot] one of my skype room buddies found this.. and it is important...CBI launches electronic network connectivity information Auction Posted: January 24, 2013 in Iraqi Dinar/Politics Tags: bank, Central bank, Central Bank Iraq, Currency, General Authority, Iraq, Ministry of Finance, World Bank Published on Thursday, 24 December / 2 January 2013 10:02 BAGHDAD /obelisk:

CBI announced, Thursday, on the implementation of the steps the electronic linking of information daily auction of foreign currency between institutions Bank and the Ministry of Finance and the General Authority for taxes.

 The governor of the Bank and Abdul Basit Turki Agency for “obelisk”, “The World Bank approved the plan in order to ensure the highest degree of coordination between the concerned authorities for the accuracy of the information that is presented for the purposes of the balance of payments.” Turki added that “implementation will contribute to make the required database between these institutions are available, moment by moment,

[winalot] thus ensuring transparency and fairness in dealing,” adding that “the implementation of the plan will begin on Thursday.”
[winalot] [2:24:41 PM] PuddyTat: CBI launches electronic network connectivity information Auction Posted: January 24, 2013 in Iraqi Dinar/Politics Tags: bank, Central bank, Central Bank Iraq, Currency, General Authority, Iraq, Ministry of Finance, World Bank Published on Thursday, 24 December / 2 January 2013 10:02 BAGHDAD / obelisk: CBI announced, Thursday, on the implementation of the steps the electronic linking of information daily auction of foreign currency between institutions Bank and the Ministry of Finance and the General Authority for taxes.

The governor of the Bank and Abdul Basit Turki Agency for “obelisk”, “The World Bank approved the plan in order to ensure the highest degree of coordination between the concerned authorities for the accuracy of the information that is presented for the purposes of the balance of payments.” Turki added that “implementation will contribute to make the required database between these institutions are available, moment by moment, thus ensuring transparency and fairness in

[wisewarrior] whoah girl slow down

[winalot] dealing,” adding that “the implementation of the plan will begin on Thursday.” The central bank held the Iraqi weekly auction of five meetings for the sale and purchase of foreign currency, and receive a cash commission on the sale and transfers of about 13 dinars per dollar.

[winalot] CBI announced, Thursday, on the implementation of the steps the electronic linking of information daily auction of foreign currency between institutions Bank and the Ministry of Finance and the General Authority for taxes.Turki added that “implementation will contribute to make the required database between these institutions are available, moment by moment,

[winalot] ya all know what that means?

highhopes] winalot It sounds hopeful but not sure?????

[bea] what does it mean

[winalot] means the opening of the electornic window system.. thru the WTO.  Single window system

[highhopes] winalot Is this something showing the RV is about ready to "pop"

[winalot] highhopes to open the single window sytem... it would have had to already popped

[goin4broke] winalot does it mean I should go to the bank?

[highhopes] winalot Holey Guacolmole!!!!  and thats a big WooHooooooo Thanks Winalot

[winalot] goin4broke not yet... unless you have a really nice banker

goin4broke] winalot he better be nice or he will be my banker no more if you know what I'm talking about. ha ha

winalot] goin4broke yup.. i know~!

[winalot] bbl

[.BJ] winalot sounding good ?? or is it just me??

[heartfelt] WOW... winolot that is very good news. Thanks for bringing it in. :)

THE GOV HAD CASHED OUT AS TIER 1, TIER 2 WAS CASHING OUT & TIER 3 WOULD BE CASHING OUT IN 2 WEEKS, 24 JAN


[tatortot] queenmother4 I am just getting in. Can you please tell me what that information is?

[queenmother4] Tatortot friends of mine who know someone in gov got call last Friday that gov had cashed out as tier 1

[Blessingsabundant] queenmother4 As I understand. We are Tier 2

[nolaspice] queenmother4 i actually have a tendency to agree that the process will play out like that

[tatortot] nolaspice I have heard that too!

[queenmother4] Tatortot then got call this morning from another source that tier 2 was cashing out as we speak and tier two are the whales

 [tatortot] queenmother4 Oh thats even better! Thanks!

 [queenmother4] Tatortot then the call last week said tier 3 us would be cashing out in 2 weeks

[noway37] i dont understand how anyone can cash out with a rate showing up.. and explain how the whales knows.. do they call and say here is the rate and where ya need to go and do?? doesnt seem likely to me
 [queenmother4] Tatortot that is two independent intel people but their intel fit together

 [noway37] without a rate showing up i mean

[tatortot] queenmother4 That is awesome! I am smiling right now. OK I am jumping up and down. Thanks.

[Waiting] noway37 Maybe the banks really know what the rate is - and WF is doing a ce for a private party before it is public?? Just a thought

[spiritfilled] queenmother4 so it is 2 weeks before we can go from your sources?

 [queenmother4] Tat orator as I said it nolaspice I never believed in them tier theory but these people I knows so it doesn't make sence for them to feed me a bs line

[nolaspice] queenmother4 well i actually do believe it and have had it explained to me in great details -

 [citizensoldier] Waiting An Institution "could" intake Dinar to hold in preparation of the released rate.

[tatortot] queenmother4 Ok that is good to know. I hope they are right. I understood what you were saying. Lol

[queenmother4] Tatortot alsogov official said his dinar was in bank in a holding acct

[Waiting] citizensoldier Do you not think that the bank might really know what the rate will be - We have been told that WF would do a private exchange - Really don't know though

[tatortot] queenmother4 Interesting! Have not heard about that but I am sure it is possible.

[spiritfilled] queenmother4 so it is 2 weeks before we can go from your sources?

 [jetpack] whats 2 weeks?

 [queenmother4] Spirit filled from this past Friday yes

[citizensoldier] I know of pallets of Dinar located in "Safe Keeping Vaults" by those who are awaiting the revalue/reinstatment.

[Waiting] citizensoldier Really - bank vaults?

[noway37] oh i was forgetting what day of the week it is.. oh my gawd... it's Thursday..... hahahahahaha

[nolaspice] citizensoldier i bet that is an awesome sight

[spiritfilled] jetpack ......queenmother4 was relaying what she had been told from real reliable sources...now she clarified that is 2 weeks from last Friday

[lovely] 1 more week

[citizensoldier] Waiting Their are a number of private "Safe Keeping" institutions in the USA and all over the world.

[spiritfilled] queenmother4 thank you so that would be Feb 1st if that is accurate

[queenmother4] Spirit got to go baby crying but yes I believe so

The Central Bank called network connectivity for auction information, 24 jan

Baghdad/Obelisk said the Iraqi Central Bank, Thursday, on the implementation of electronic connectivity steps to daily foreign currency auction information between the Bank and the Ministry of finance and the General Commission for taxes. The Bank's Governor, Abdul Basit Turki "Obelisk", "the World Bank approved the plan with a view to ensuring the highest degree of coordination between the stakeholders of the health information provided for balance of payments purposes. He added that "its implementation will contribute to make the database required between these institutions available moment by moment and ensure transparency and fairness in the deal," he said, adding that "the implementation of the plan will begin on Thursday. The Central Bank held five meetings weekly auction to buy and sell foreign exchange, earns a Commission on the sale of cash and money orders in the amount of amount of each dollar.
Link

DISCUSSION OF MED, 24 JAN


Med says to (17:04:10): HELLO DS

breezin says to (17:04:17): Glad to actually see Saleh out

W8n2cashin says to (17:04:20): just saw it.....H Med nice video of Saleh's coming out party

Med says to (17:05:34):I DIDNT SEE IT BUT I DID READ ALL THE ARTICLES AND DID COMMENT ON THEM

W8n2cashin says to (17:05:47): breezin just posted the link

Med says to (17:05:50): YESTERDAY YES I SAW IT HE CAN FIND CRAP ANYWHERE AMAZING AND AN ASSET HUGE ASSET

breezin says to (17:06:24): Wow thanks Med

W8n2cashin says to (17:06:26): yup

breezin says to (17:08:24): well the news has been real interesting

Med says to (17:08:24):TRYING TO HAND PICK  IT IS THURSDAY COULD BE SO OVERWHELMING

breezin says to (17:08:59): Looks like Nujaifi kicked off the countdown for the Maliki interrogation
 Med says to (17:09:03): IT MAY RATTLE MALIKI ENOUGH YES I SAW THAT

W8n2cashin says to (17:09:18): tic-toc

Med says to (17:09:20): BUT I DIDNT FINISH THE ENTIRE ARTICLE SO HE MAY JUST SAY OR REALIZE WOW THEY DONT LOVE ME ANYMORE NSS NOW THAT IS A REVELATION LOL YOU KNEW WHAT THAT WAS HEY W8  NSS

W8n2cashin says to (17:10:30): yup

breezin says to (17:10:30): Honestly I think he will leave badly .... he did not budge even when he was voted out in Macrh of 2010

Med says to (17:10:41): NO BUT HE ALSO HAD THE SADRISTS ISLAMIC COUNSEL AND THE KURDS NONE OF WHICH SUPPORT HIM

breezin says to (17:11:13): very true point

W8n2cashin says to (17:11:14): yup he had em all

Med says to (17:11:19): AND I THINK AND THIS IS JUST A 50/50 THEY THE NA MAY JUST KICK HIS **  OUT SEE I DONT KNOW WHY THEY HAVENT IF THEY DON’T THEN THEY DO NOT GET THE CHOICE

breezin says to (17:12:22):

I am concerned as to who the military and police answer ... is it only maliki?

Med says to (17:12:24): NO MATTER WHAT SOME MAY SAY IN THE STATE OF LAW YES I AGREE 100% WHO I SAW THE HEAD OF THE MILITARY SAYS I DONT KNOW WHY YOUR BOTHERING WITH THAT OLE LAW ON CONFIDENTIAL INFORMANT CUZ WE HAVENT USED IT FOR 2YRS THEY JUST GET CONFESSIONS RIGHT FROM THE TERRORISTS

breezin says to (17:13:48): always from terrorists

Med says to (17:13:52): YES AND IT IS DONE WITHIN THE CONFINES OF

breezin says to (17:14:11): because anyone tortured ... turns out to be a terrorist

breezin says to (17:18:08):

Your story Med reminds me of a story a few years back when the Iraqi's were so happy they got fuel delivered that they shot their guns in the air .... the bullets came down and ignited the fuel truck

Med says to (17:18:20):LOL

breezin says to (17:21:28):before you two came on we were discussing this Saleh video

breezin says to (17:21:37):http://www.dinarspeculator.com/showt...se-from-Prison

Video of CBI Deputy Governor Saleh's Release from Prison

http://www.youtube.com/watch?v=H7JD7nY5wTU

Saleh speaks ... before crying ... and ending his speech. Quite moving

Med says to (17:21:38):YES I THINK W8 SAID THAT IT WAS A TRAVESTY

DISCUSSION OF SWFG, 24 JAN

[winalot] hmmmm... cbi has not posted updates for today as of yet

[cherryberry] winalot good morning, remember they made today a holiday

[winalot] cherryberry oh shoot.. that's right- another one.

[cherryberry] winalot yes too frequent

 [ cat-in-the-hat] Remember Shabbie said he would need a holiday ... prior to the rv to get ready ... he said that 1 year ago.

[winalot] cat-in-the-hat yup. he did

[SWFloridaGuy] Is anyone awake yet? I have some news. :)

 [SWFloridaGuy] This Saturday could be a huge day for Iraq's Finance Committee/CBI/GOI/CoR. Today a committee member said that they are going to approve the budget in the next week and that they had agreed to extinguish the debt of the final accounts for the previous years between the CBI & Finance Ministry. Although there is no direct correlation to a new, revalued IQD rate referenced anywhere in budget numbers, we do believe that there will be a provision made for it.

[SWFloridaGuy] This is the budget proposal that Maliki initially opposed when he pushed for the introduction of the new infrastructure bill but it now appears that within the next few days that Iraq will approve their most prodigious budget ever.

Now keep in mind, this is also why we are seeing concerns being raised over how they will be able to operate under the burden of a large amount of newly acquired debt. But it appears that the CBI has a plan to not only address this but also previous accounts held as well, which to me is extremely encouraging if true. Here is a new article released a few hours ago describing this development. 
http://www.alhalnews.com/index.php?page=article&id=1310329078

[SWFloridaGuy] I want to make it clear that this next portion is strictly just my opinion after having researched this extensively over the past couple of years. I believe that it would advantageous for Iraq to have a more valuable currency at this time if they are truly serious about moving forward with a national economic reform and recovery (like they are claiming) while also extinguishing debt without creating inflation. The 17 private banks and two main state banks were hurt by embargos just before the turn of the century but more recently have removed restrictions on international bank transactions and freed up the CBI from government control.

[SWFloridaGuy] The CBI has said Iraq’s large foreign reserves, which have risen to a record $60 billion on the back of high oil prices, will shield its financial system from damage. Their economy is still very centralized but I am looking for early 2013 as a great opportunity for those investing in Iraq. I see a large currency appreciation on the horizon for the IQD in the very near future but if it's a historic revaluation (50% - 100,000% or higher) then most likely the CBI will struggle to sustain those measures and stability in the long run.

[SWFloridaGuy] But this is of little consequence to us because we'll be long gone by then and will have converted our IQD into other forms of currency. Barring further legislative changes and assuming they stick to the currency reform plan, I see things progressing relatively quickly and a good first step would be to pass these reforms over the next week. This would also be a great opportunity for Iraqi leaders looking to consolidate support for upcoming elections. Should be very interesting, stay tuned.

[SWFloridaGuy] Sorry that was so long. I know I have a tendancy to ramble on (as Led Zepplin would say). :)

[RSK] SWFloridaGuy Great post ...thanks. any truth to the chinese currency reval to 2 to 1?

 [SWFloridaGuy] RSK Many rumors floating around about China but they have resisted raising their currency up to appropriate levels in the past because they thought it was in their best interest to do so. Maybe that is changing, I really don't know

[RSK] SWFloridaGuy It was a rumor posted in recaps but no change on Forex...Thanks  [SWFloridaGuy] RSK Yeah I wouldn't be surprised to see a revalue there as well. I'm just not knowledgeable enough to really give you a good opinion on China.

SHREDD CHAT, 24 JAN

Central Bank launches electronic network connectivity information Auction
Published on Thursday, 24 December / 2 January 2013 10:02. | Written by: Ok-AR-N. BAGHDAD / obelisk: CBI announced, Thursday, on the implementation of the steps the electronic linking of information daily auction of foreign currency between institutions Bank and the Ministry of Finance and the General Authority for taxes.


The governor of the Bank and Abdul Basit Turki Agency for "obelisk", "The World Bank approved the plan in order to ensure the highest degree of coordination between the concerned authorities for the accuracy of the information that is presented for the purposes of the balance of payments."


Turki added that "implementation will contribute to make the required database between these institutions are available, moment by moment, thus ensuring transparency and fairness in dealing," adding that "the implementation of the plan will begin on Thursday."


The central bank held the Iraqi weekly auction of five meetings for the sale and purchase of foreign currency, and receive a cash commission on the sale and transfers of about 13 dinars per dollar.

http://www.almasalah.com/index.php/2012-06-25-12-38-33/6219-البنك-المركزي-يطلق-شبكة-الربط-الالكتروني-لمعلومات-المزاد.html


[Shredd] ok...
[Shredd] when i first read this i was thinking they were talking about SWIFT
[Shredd] but nonetheless, a great article because 
[Shredd] we have been talking about the importance
[Shredd] of speedy processing, a must in banking for the balance of payments....
[Shredd] the World Bank approved the plan for this efficiency
[Shredd] and ensuring the highest degree of coordination so this oozes of escalation
[Shredd] and then it finishes with the context of auctions
[Shredd] so, we all know they've been going on for years but now,
[Shredd] this urgency from the World Bank mind you 
[Shredd] to coordinate speedy processing
[Shredd] so to me, this is yet another indication that many large powers that be (WB)
[Shredd] are making sure the minutia (sort of) of having speedy electronic processing 
[Shredd] is in place, a powerful entity using a small thing to not let it get slowed down 

[tlm724] World Bank approved the plan for this efficiency
[tlm724] this electronic sytem will accomplish two very important things
[tlm724] transparency in transactions and to curb corruption , an absolute must ! 

[Shredd] yes agree, a great article
[campdav] Shredd Its pervasive in its announcements and to me it indicates a readiness for the ISX and all trading
[Shredd] campdav readiness for the huge influx of trading that is!
[Shredd] and again
[Shredd] the World Bank wanting this to be in place 

[tlm724] Shredd if the internationals are happy we will all be happy 
[Shredd] tlm724 agreed
[Shredd] Shredd-out