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Monday, February 2, 2015

COMMENTS FROM A PhD OF INTERNATIONAL ECONOMICS, 2 FEB


MILLIONDAY CHAT UPDATE, PART. I, 2 FEB

Welcome to dinarupdates.com for Roundtable with Millionday!

Millionday: Economic Commission attributed the Iraqi Council of Representatives, on Monday, rising dollar exchange rate of the dinar in the Iraqi market to the decisions taken by the Central Bank during the past few days to support the economic development that, while likely economist return of the dollar to normal rates through a simple period,

attributing the reason for the rise to "rush" banking offices to buy the dollar, as well as reducing the quantities sold by the central bank as recommended by the general budget.

He noted the long-Presse correspondents in Baghdad and the provinces that the dollar exchange rate against the Iraqi dinar rose again on Monday, from 1250 to 1260 Iraqi dinars.

Millionday: NOTE -- THE ECONOMISTS WILL LIKELY RETURN THE DOLLAR TO NORMAL RATES THROUGH A SIMPLE PERIOD
~~~
Millionday: She said a member of the Economic Committee Najiba Najib in an interview with the (long-Presse), "The Central Bank has taken new measures that would provide cash to cover the shortfall in the budget in light of falling oil prices to below $ 50,"

noting that in light of the lack of financial revenue was on the state to take a range of actions to provide the largest possible number of the currency bloc to consolidate the increased revenue size. "

Najib has ruled that "these measures are working to reduce the value of the Iraqi dinar or cancel support him," indicating that "the bank will maintain the exchange rate and the price of the dollar against the dinar will rise from what it is now."

Millionday: NOTE -- CBI HAS COVERED THE DEFICIT CREATED BY THE LOW PRICE IN OIL AND TO INCREASE THE REVENUE SIZE-- THESE MEANSURES ARE TO REDUCE THE VALUE AND THE VALUE OF THE DINAR WILL RISE AGAINST THE DINAR

Millionday: For his part, economist said on behalf of Antoine "The budget amounts identified by The Central Bank sold the currency to $ 75 million," noting that there Thavta by banking offices to buy the dollar for fear of re-evaluation of the dollar and raise the price. "

Antoine and ruled that "the Iraqi Central Bank to take any decision or action to reduce the rise in the dollar's exchange rate against the Iraqi dinar in the markets."

Millionday: NOTE -- THEY ARE ATAKING MEANSURES TO REACH WHAT THE PLANNED VALUE IS FOR THE DINAR AND NOT ALLOW IT TO RISE TO HIGH

Millionday: He favored the economic expert "does not continue to rise in the dollar's exchange rate against the Iraqi dinar according to the current price, but it declined gradually returning to normal after a few days," asserting that "the central bank has large amounts of dollar is continuing sell and will not stop."

Antoine promised to "cut the central bank to sell the dollar is only natural, especially with reducing the amount of the general budget of $ 150 billion to $ 100 billion," following up "can not pump the same amount of dollar with the budget cuts the fact that this will lead to a surplus of currency smuggling." .

Millionday: NOTE -- THEY ARE GETTING RID OF THE US DOLLAR SO THAT IT DOES NOT IMPACT THE CALULATION OF THE DINAR -- SO THIS MAKES SENSE THAT CBI IS DOING THIS

Millionday: The Iraqi markets witnessed a rise in the US dollar exchange rate against the dollar since the Iraqi dinar exchange rate was one in 1250 dinars on Sunday, and came just days after the rise to approve the general budget for 2015 (January 29, 2015)

Millionday: NOTE -- CBI IS ALSO STATING THEY ARE MOVING THE US DOLLAR

Millionday: Paragraph 50 of the Federal Assembly of the Budget Law 2015 provides that "the central bank is committed to identifying sales of foreign currency (dollar) in daily auction ceiling does not exceed 75 million dinars a day with exercise justice in the sales process,

and calls for participating in the auction the bank providing the introduction of cargo documents Data and settling accounts and tax savings Alkmarki within 30 days from the date of purchase of the amount and otherwise apply to the bank penalties stipulated in the central bank law or instructions issued by him, and the use of other banking tools to maintain strength of the dinar against the dollar

Millionday: NOTE -- THEY ARE LIQUIDATING THE US DOLLAR TO MAINTAIN THE DINAR AGAINST THE DOLLAR --THIS IS ONE OF THE STEPS

Millionday: The Central Bank of Iraq announced on Sunday (February 1, 2015) to take five resolutions for "support" the development of the Iraqi economy, and confirmed his agreement to cover bank accounts abroad to "US dollar" to cover imports, and as he emphasized the importance of "accelerating" legislation Deposit Insurance Act ,

praised the formation of a committee to reconsider the benefits of the restructuring of its "approval of the Central Bank to cover the bank accounts abroad in US dollars to cover imports of customers and for other purposes without the need to pass a window sell the currency at the Central Bank of Iraq."

Millionday: NOTE -- THE TRANSFER OF US DOLLAR DOES NOT GO UNCALCULATED -- IT HAS TO HOLD A VALUE AS WELL --

Millionday: NOTE -- ANOTHER ACTION OF THE CBI

Millionday: The Iraqi Central Bank announced last week, to take the necessary measures to boost liquidity in the banking system, while decided to facilitate the procedures for the sale of foreign currency "to sustain the exchange rate."

The Central Bank of Iraq, had announced in (18/01/2015), that the financial reserves of Iraq equivalent and a half times the weakness of the money supply, they returned it was "best rates" in the countries of the world, as he emphasized that Iraqi financial institutions are "unable" to cover The fiscal deficit,

he stressed the need to reconsider the structure of the budget and spending and diversify sources of income and achieve investment more broadly to address the decline in oil prices.

Millionday: NOTICE THAT THEY STATE THEY ARE RETURNING TO THE BEST RATES IN THE WORLD

paul-o: MD, Your post yesterday: “the primes minister’s advisors announced that February 12th will be when the economic strategies of the government program will be launched.” Do these government program require an RV?

Millionday: I DONT KNOW -- HOWEVER -- EVENTUALLY DUE TO THE REFORMS AND GOV PROGRAMS THEY REQUIRE WHATEVER REALITY RATE THEY PLAN TO USE

MArco: any idea how many dollars they need to dump and how long this process could take. Always seems like something doesn't it. Things we don't understand I guess

Millionday: NOT TO EXEDE 75 DINARS A DAY IS ALL THEY HAVE TO SAY

: paul-o: MD, so if the government programs will be launched by the 12th and they will require whatever reality rate they plan to use.... what should I deduce from those 2 thoughts?

Millionday: THE ECONOMIC STRATEGIES WILL BEGIN THAT DAY IN THE MINISTERIES

tman23: return to the best rates in the world ?...... The article is referring to reserves being the best in the world........ Not the currency rate

Millionday: TMAN --- WHY WOULD THE WORLD CARE ABOUT THE RESERVES BEING THE GREATEST IN THE WORLD UNLESS IT AFFECTED A CALCULATION THAT IMPACTED THEM AND THEIR BUSINESS?

Millionday: THE RESERVES BACK THE PURCHASING POWER OF THE DINAR AND ITS VALUE AS WELL

Millionday: THE CALCULATION IS THE GDP AND OTHER ACCOUNTING MEASURES THAT THE WORLD CALLS THE INTERNATIONAL PRICING INDEX

Papatom: I agree MD, this isn't a discussion of reserves that they are having. they are talking about their currency....and we don't want to feign balance but fall over...

Millionday: WE DONT WANT WHAT HUN?

Papatom: sorry.. take a stand on an article like we are being balanced but not balanced at all cus we are misunderstanding what they are talking about

Papatom: this is about currency.

Papatom: not the backing of the currency

Millionday: YES THIS IS ABOUT CURRENCY AND STEPS CBI IS TAKING

Millionday: I THINK I STATED THE REASONING ON THE REPORT ALRIGHT BUT PLEASE IF YOU HAVE ANY ?? ASK THEM

faith1: why did auctions go over the 75 limit,,, breaking their own guidelines is OK ?

Millionday: 75 IN DINAR

Millionday: THIS WAS FROM TODAY AS CHANGES BEING MADE BY CBI

The Shoe: With their security still a disaster wouldn't you think that has to handled before anything can happen?

Millionday: THEY ANNOUNCED YESTERDAY THAT ISIS IS ALL BUT GONE

The Shoe: I missed that. Great news!

Millionday: THE SECURITY IS GETTING MUCH BETTER AND FAST -- 32 COUNTIRES MAKE A DIFFERENCE FAST -- SMILE

Millionday: WHOOPOW

.MOD.subgirl: Have you seen anything in articles that says the budget is in the gazette?

Millionday: NOT YET

Millionday: The head of the Kurdistan Regional Government, Barzani, on Monday, the five main parties in the region meeting as "positive", while government officials vowed to take over the region "full rights", revealed a tendency to revisit fuel prices.

Barzani said, in the wake of a meeting of the five Kurdish parties active in the Kurdistan region, the city of Erbil, today, according to a report (Rudaw network) and followed up (range Press),

"The meeting was an important and positive it was agreed to be repeated during the next term," noting "The oil and gas Council will hold a special session to determine the price of fuel in the region, especially gasoline."

Millionday: And on the Kurdistan region of salaries for December 2014 and January 2015, the last two, Barzani said that the "government employees' salaries will not be lost, and they will receive their full rights."

The five main parties in the Kurdistan region is the Patriotic Union of Kurdistan, led by Jalal Talabani, and the Kurdistan Democratic Party, led by Massoud Barzani, and the Movement for Change,

the Islamic Union and the Islamic Group, met on Monday, under the supervision of the President of Government of the Territory, at the head of the government building in Irbil, (360 km north of Baghdad), to discuss the political and security situation, particularly in the Sinjar area, as well as the relationship with Baghdad.

Millionday: NOTE -- THE MOVEMENT FOR CHANGE MEETING FOR THE KURDISTAN REGION AND NOTICE THEY ARE WORKING ON PRICES

Millionday: The former head of the federal government, Nouri al-Maliki, instructed to cut the budget of the Kurdistan region since the beginning of 2014, including staff salaries, against the backdrop of the crisis between Baghdad and Erbil.

It is noteworthy that the Kurdistan region, has seen several peaceful demonstrations in protest against rising gasoline prices over the past few days, despite the decline in global oil prices and the presence of many refineries in the region, while the Kurdistan parliament vowed to solve the problem,

especially as the price of gasoline has risen from 500 to 900 or 1150 dinars , especially after the control of the organization (Daash) at Baiji, Salahuddin province, (170 km north of Baghdad), and that the parents refused to be reduced to 850 dinars in some cities of the region.
Millionday: The source of Kurdish parliamentarian, said in a media statement recently, about the possibility of reducing the Supreme Committee for oil and gas in the region in fuel prices, to 600 dinars per liter for special vehicles, and 450 for taxis, noting that the proposal submitted by a number of deputies as a result of falling world oil prices nearly 60 percent since last June.

Millionday: THIS IS THE CHANGES BEING APPLIED AS THEY HAVE HAPPENED

Millionday: Counting a member of the Economic Commission parliamentary, on Monday, that the current high price of the dollar against the dinar, "temporary," although it did not happen under even worse than that the country is undergoing political and security conditions,

criticizing the financial budget law for the contents of paragraphs "is sound and other raises questions, "while banker attributed this rise to the central bank to reduce its sales for the half of it, and citizens rush to buy it.

Long-Presse correspondents in Baghdad and the provinces noted that the price of the dollar against the Iraqi dinar rose again on Monday, from 1250 to 1260 Iraqi dinars.

Millionday: NOTE -- THE FLUCTUATION IMO IS FROM THE CHANGE IN THE US DOLLAR CHANGES

Millionday: The MP said Ali al-Maliki, in an interview to the (long-Presse), "The rise experienced by the dollar in the local market did not happen for a long time and under much worse than those that are currently taking place in the country's political and security situation," noting that "it was expected to be dollar exchange rate will be reduced to approximately 200 thousand dinars, only instead of rising. "

And saw a member of the parliamentary Economic Committee, that "some of the paragraphs of the general budget for the current 2015, a source of wonder, and other improper and ambiguous," expected to "return the dinar exchange rate against the dollar to normal after a month from now."

Millionday: NOTE -- VERY INTERESTING THAT THE DINAR EXCHANGE RATE IS EXPECTED TO BE RETURNED TO NORMAL AGAINST THE DOLLAR AFTER A MONTH FROM NOW

[Millionday: WHOOPOW -- IF THAT IS A BAD TRANSLATION I LIKE IT ANYWAY

Millionday: For his part, attributed the banking office that the cause of increasing the dollar's exchange rate against the dollar is the decisions chest Iraqi Central Bank to reduce the quantities sold of the dollar.

The owner of the office, Ali Saad, said in an interview to the (long-Presse), "The dollar exchange rate began to rise suddenly even now 1,260 dinars, after it was up to 1230 just a week ago," attributing it to "minimize the Central Bank of the daily quantities of the dollar, which sold in the auction to nearly half. "

MILLIONDAY CHAT UPDATE, PART. 2, 2 FEB

Millionday: NOTE -- THE US DOLLAR IS ON THE MARKET THEREFORE SUBJECT TO SUPPLY AND DEMAND

Millionday: The Central Bank of Iraq, announced on Sunday, (the first of February, the current 2015), take five resolutions for "support" the development of the Iraqi economy, stressing his agreement to cover bank accounts abroad to "US dollar" to cover imports, while the importance of " accelerate "legislation Deposit Insurance Act,

hailed the formation of a committee to reconsider the structure of interest among its" approval of the Central Bank to cover the bank accounts abroad in US dollars to cover imports of customers and for other purposes without having to go through the window of the currency sale at the Central Bank of Iraq. "

The Iraqi Central Bank announced last week, to take the necessary measures to boost liquidity in the banking system, and decided to facilitate the procedures for the sale of foreign currency "to sustain the exchange rate

Millionday: NOTE -- AGAIN THE US DOLLAR HAS TO BE ACCOUNTED FOR AS PART OF CBI`S FUNDS
~~~
Millionday: The Central Bank of Iraq, had announced in (the 18th of January 2015), that the financial reserves of Iraq is equivalent to one and half times the weakness of the currency bloc, returned it the "best rates" in the countries of the world, as he emphasized that Iraqi financial institutions are "unable" to cover The fiscal deficit, he stressed the need to reconsider the structure of the budget and spending and diversify sources of income and achieve investment more broadly to address the decline in oil prices.

The Iraqi Council of Representatives passed last Thursday (29th of January the past), the financial budget for the current 2015, an amount of 119 trillion dinars, the equivalent of $ 117 billion, and a deficit of about 25 trillion dinars, or about 23 billion dollars, and calculates the price a barrel of oil at $ 56 a barrel, while the President of the Council stressed, Saleem al-Jubouri, it is the first time that the adoption of the budget is during the first month of the year, returned to the "achievement" is calculated to parliament

lrojac: Is this good for us or not?

Millionday: THE APPLICATION OF THEIR ECONOMIC CONDITION AND INTRODUCING TRADE AND REFORMS/GOV PROGRAMS/ SFA/ERBIL/NATIONAL RECONCILIATION -- YES

sudo1114: when they state resume rate against dollar does that mean more stable 1200?

Millionday: NOT SURE -- THEY SEEM TO BE TRYING TO GET CONTROL OF THE FLUCTUATING US DOLLAR AND THE IMPACT IT MAY HAVE

Pablo: If returning to normal is = to an RV, did they just announce a date or am I seeing things???

Millionday: I DONT SEE A DATE BUT SEEM TO THINK THEY WILL BE DONE A MONTH FROM NOW

Danalivin4HIM: When did the artical come out?

Millionday: TODAY

gg abuddy: anotherrrrr month???!!!! AAAAAGGGGGHHHH

Millionday: REMEMBER THT THEY ARE NOT GOING TO RELEASE TO THE WORLD MARKET WHAT THEY ARE DOING AND WHEN -- THAT WOULD NOT BE SMART OR HOW IT WORKS IN THE WORLD

Millionday: I SAID WHAT CBI IS DOING THEY STATED THAT THEY WOULD BE DONE WITH THE CHANGES THEY ARE MAKING -- THE ONES WE ARE DISCUSSING

Millionday: WE ARE SITTING HERE DISCUSSING WHAT CBI HAS STATED

Millionday: AND THEN I SAID THEY WOULD NOT RELEASE THAT INFO THE WORLD MARKET

clay: sorry just got here anything on pres signing off on budget

Millionday: I SAW LAST NIGHT THAT HE HAS ENDORSED IT AND WAITING FOR EXACT WORDS THAT HE SIGNED IT BUT IT DOES APPEAR THAT WAY BY THE GOV SITE

Magik: I guess there is some confusion on what the CBI would consider normal. any RV rate would not b normal. 1166 might be considered norn

Millionday: EXACTLY -- WE HAVE TO WAIT AND SEE WHAT THEY CONSIDER NORMAL

Millionday: MAYBE I DIDNT SAY -- WELCOME TO MILLIONDAYS ROUNDTABLE -- WE HAVE NO DATES NO RATES -- BUT SO GLAD TO SEE YOU AS WE LOOK AT THE INK AND ALL THE FACTS WE CAN FIND

Millionday: HERE WE GO WITH SOMETHING A LITTLE MORE DIRECT

Millionday: demanded an MP for the Kurdistan Alliance Ashwaq dry, on Monday, the formation of a parliamentary committee to follow up on budget allocations exchange mechanism, stressing the need for the Commission in the event of formation implementation of unannounced visits to the ministries and provinces to follow public money exchange mechanisms.

Millionday: NOTE -- PUBLIC MONEY EXCHANGE -- NICE TO HEAR --- WITH ALL WE HAVE READ OVER THE YEARS THIS COULD BE GREAT NEWS OR THE MOVEMENT OF FUNDS -- WE WILL STAY GROUNDED IF IT KILLS US LOL

Millionday: The dry in a statement received "Alsumaria News "that" the financial allocations for the Ministries of exchange must be accompanied by the completion of the ground, "indicating that" the right of the House of Representatives oversight authority to pursue the mechanism of the federal budget allocations exchange and where the disposal of the money. "

Millionday: NOTE -- THE DISPOSAL OF MONEY COULD MEAN THROWING THEM OFF BUILDINGS OR --- IT COULD MEAN BURNING WHAT THEY EXCHANGE -- SMILE

misterq: MD-- I am not looking for a date & rate........ As I understand that when the budget became public , it might include the rate..... If that did happen, wouldn't pandamonium break out?????

Millionday: IF THE RATE CHANGES OR PURCHASING POWER -- IT WILL BE DONE BY DATA ENTRY --- THE OBVIOUS AMOUNT THAT THE BUDGET TOTL IS HAS SHOWN TO ALL THAT SAID IT WAS IN THERE AS IF THEY KNEW-- THAT IT IS IN THE TRILLIONS -- AND AS WE HAVE SAID HERE EVERYTHING WILL BE CHANGED ALL AT ONCE -- DATA ENTRY -- NOW I AM NOT NOR CAN I SAY THAT IT WILL NOT BE CHANGED BEFORE THE FUNDING IS DONE

Millionday: And called dry as the "formation of a parliamentary committee to take it upon themselves to monitor and control the federal budget for the current year allocations exchange mechanism", stressing the need for "the Commission in case formed the implementation of unannounced visits to the ministries and provinces to follow public money exchange mechanisms.

Millionday: NOTE -- AS WE SEE THIS COULD ONCE AGAIN MEAN THE FUNDING OR THE EXCHANGE WITHIN THE PROVINCE THEY ARE BEING SENT TO ----

Millionday: She added that "the purpose of the formation of the committee comes to control the doors that are balancing the disbursement of funds and miss the opportunity to corrupt people in the waste of public money, "calling for Jean integrity and planning in the provincial councils to" take its oversight role fully in the follow-up doors that distract the public money in the provinces.

Millionday: NOTE -- IT APPEARS THAT THEY ARE REFERING TO THE FUNDING OF THE PROVINCES THE MORE WE READ THIS

Millionday: The voice of the House of Representatives, in (January 29, 2015), the draft federal budget for the current year worth in excess of Al119 trillion dinars and a deficit of about 25 trillion, while assuring Speaker Salim al-Jubouri, after the vote, that Iraq has not seen since 2003 to pass the federal budget bill within one month, praising the efforts of the Council in approval, while the prime minister said Haider Abadi, the law was passed the executive and legislative achievement of the two authorities.

Millionday: SO AS WE SEE THEY ARE BEING VERY CAREFUL NOT TO DUSCUSS A PROGRAM WE HAVE READ IN MULTIPLE OUTLETS ---- AS I WAS SAYING THE SFA/GOV PROGRAMS/REFORMS/NATIONAL RECONCILIATION / AND THE CONSTITUTION -- SO NOT SOMETHING THAT CONFUSES US

Millionday: SMILE

Papatom: no seriously.... isn't that paragraph saying the ministries of exchange must be accompanied by the completion of the "process" disposing of the old currency..the large denoms....resting on the house of representatives ..????
Millionday: IT APPEARS THAT IT COULD BE READ BOTH WAYS -- WE DONT WANT TO READ INTO IT SO I AM HOLDING OFF UNTIL TONIGHTS NEWS TO SEE IF WE CAN FIND MORE INK THAT VERIFIES SO WE CAN ALL HOLD ON TO REALITY

Millionday: THIS IS THE REPORT WE HAD LAST NIGHT THAT LED ME TO BELIEVE THAT THE PRESIDENT HAS SIGNED

Millionday: THIS CAN ALSO BE FOUND ON THE OFFICIAL SITE OF GOV

Millionday: Based on what passed the House of Representatives, according to the provisions of subsection (I) of Article (61), item (iii) of Article (73) of the Constitution.

President of the Republic decided on / / 2015   Issued the following law:  Law No. () for the year / 2015

The general budget of the Federal Republic of Iraq for the financial year / 2015 Act

((Chapter I))

Millionday: JUST THAT PART ALONE STATES THAT THE PRESIDENT HAS DECIDED ON THE LAW OF THE GENERAL BUDGET

Millionday: NOTE -- THAT IS FROM THE PRESIDENCY

Millionday: WHOOOPOW

Millionday: THE REST IS ALL THE FIGURES WE CAN ALL READ MANY PLACES

[3:00:17 PM] sausalito: .

Millionday: WHOOOPOW

Millionday: THE REST IS ALL THE FIGURES WE CAN ALL READ MANY PLACES

The Shoe: According to our President this morning on the Today Show we are a long way from containing ISIS in Iraq and Syria. FYI Concerning

Millionday: SYRIA AND MANY AREAS IN THE MIDDLE EAST IS COVERED IN THEM HOWEVER THE MOVING OF THEM OUT OF IRAQ IS SHOWING HUGE PROGRESS BUT NOT SO MUCH FOR THE REST OF THE REGION ACCORDING TO MULTIPLE REPORT FROM THE REGION

Millionday: NOT A TIME TO CELEBRATE -- MANY ARE SUFFERING FROM THEIR TERROR

ol lar: do you have a trnaslation of the new CBI announce ment 4 pages help sale and purchase of foreign currency ( No. 26/3/9 for the year 2015 )

Millionday: YOU MEAN TRANSLATIONS YOU HAVE ? WHY DONT YOU GET THEM FROM THERE HUN -- ARE THEY TRANSLATED ?

Millionday: OH -- I CAN GET THEM TRANSLATED --- THEY ARE SENT TO MY PHONE BUT I CAN GET THEM OFF HERE FROM TRANSLATING -- IT WILL TAKE A WHILE AFTER I GET HOME

MadDScout: I want to understand is the CBI getting rid of all dollars or just to a point?

Millionday: CBI GETS DOLLARS FROMM THE SALE OF OIL AND THEY EXCHANGE THEM TO DUSPURSE IN ANY WAY OUTSIDE THEIR WALLS INTO IRAQ

Millionday: THEY ARE NOW WIRING TO OUTSIDE THE COUNTRY TO HELP CONTRACTORS

Millionday: THE COUNTRY CURRENCY IS DINAR -- IT IS VERY CONFUSING BUT IS THE EXCHANGE TO DINAR THEY ARE TAKING CARE OF ACCORDING TO REGULATIONS THEY SET

Millionday: IT APPEARS THAT THE PRESIDENT HAS SIGNED DUE TO A REPORT AND DOCUMENT FROM PRESIDENT SITE

Millionday: LOVE TO YA HAVE A GREAT DAY MY FRIENDS

MILLIONDAY, AGGIEDAD77 & VIETNAM NEWS, 2 FEB

2-2-15 Millionday: CBI HAS COVERED THE DEFICIT CREATED BY THE LOW PRICE IN OIL AND TO INCREASE THE REVENUE SIZE-- THESE MEASURES ARE TO REDUCE THE VALUE AND THE VALUE OF THE DINAR WILL RISE AGAINST THE DINAR.

THEY ARE GETTING RID OF THE US DOLLAR SO THAT IT DOES NOT IMPACT THE CALCULATION OF THE DINAR -- SO THIS MAKES SENSE THAT CBI IS DOING THIS.

NOTICE THAT THEY STATE THEY ARE RETURNING TO THE BEST RATES IN THE WORLD. VERY INTERESTING THAT THE DINAR EXCHANGE RATE IS EXPECTED TO BE RETURNED TO NORMAL AGAINST THE DOLLAR AFTER A MONTH FROM NOW. 

2-2-15 
Aggiedad77: Iraq is proving it can stand on its own feet and conduct business like a country emerging from under one crisis after another.....a country that has broken the chains of one dictator....and voted down a second wannabe.....throwing corruption out on its ear.

It’s time for them to be heard....loud and clear as a world leader...they seek speed in processing new laws...watch what happens in the coming days...Watch in amazement as they start to do what others believed undoable...the BEST is yet to come.

House of Representatives sends the budget to the presidency for approval...  The budget was sent to President Masum for approval/signature....doesn't say when.....and he has 15 to sign.....THEN it will appear in the Gazette....sounds like within a week of President Masum signing....but NO specific DATES are given on either the signing or the publication in the Gazette....trust me it will happen.....sooner than later.  Budget to the Presidency for approval within 15 days...More proof that the budget was sent to President Masum TODAY for his signature.....otherwise after 15 days the budget becomes valid on its own.
 


2-2-15 Viet Nam News
: Viet Nam moving in the right direction.
Standard Chartered Bank recently released a report called Global Research 2015 – The Year Ahead, Rekindling the Animal Spirit, which also takes a look at Viet Nam's economic and financial outlook, growth, FDI prospects, trade and interest rate. Viet Nam News spoke with the bank's economist, Betty Rui Wang, about these issues. Article Link

TNT CC NOTES, 2 FEB


Tony:  Good morning, TNT!  Today is Monday, February 2, 2015, at 1.35pm PST.  It’s my mother’s birthday.  We’re not talking about that, nor about the Super Bowl.  Everyone clear on that?
There’s good news and bad news.  I’ll give out the bad news:  we are not at the bank this moment.  That’s it.  I’ll let DC give you the good news.
DC:  Thanks for bearing with us while we were gathering more info.  Everything else is beautifully lined up, and we are just waiting.  According to all our sources, we are just waiting on punch items and timing strategies.
Iraq:  the banks, finance ministry and banks have spent the last few days going through other minor checklists since passing the budget, just polishing up minor items so this can be perfect. They don’t expect that to take very long.  MPs are getting antsy that this still hasn’t gone through. The budget was published last week, though not necessarily in the gazette – but it should be in the next day or two.  Everything is lined up and they are getting frustrated.  This is becoming a real issue for PM Abadi, including some minor riots about this and other issues.  Customs agents are still restricting movements of dinar throughout the country.  On television they are still running “economic reform any time” as they have for the last few weeks.
Tony: Today on Iraqi television, the CBI announced it was done and they would reinstate (RI) on the first of the month.  We saw the same announcement in December.  Over the weekend, the CBI and GOI said they were ready to initiate the currency reforms. Things we do know and can’t talk about include high-level meetings yesterday and today.  Right this minute, we are down to the last couple of times when everything should be completely published and activated. They have specific days and times when they want to do this.  I don’t know if that was part of their original agreement.  What happened on the 31st?  The volatility in the market, is that related to what had been agreed upon?
DC:  A lot of people are saying “Okay, that was supposed to be done – why wasn’t it? And what does the agreement say will happen as a consequence?”  The US wasn’t holding it back;  we have supported it this time.  It’s not the US’s fault;  it was about Iraq being ready or not.  The history of these delays has been “strategic deferral” by the Us, and that didn’t happen.  The US said that “we are ready, everyone is in lockdown”;  Iraq is trying to make this perfect.  They didn’t have to use the agreement because the US is still supporting it.  This is confusing for most folks, because Iraq was holding this off to meet US wishes, and now when the US is finally ready, Iraq is delaying.  Between Abadi and Shabibi, they understand how serious this is, and are maybe being too perfectionist at this point. They need to get this moving, and senior leaders are making calls about that today.  Everyone is saying, “let’s not give anyone time to rethink this – it has to go”.  In effect, the shoe is on the other foot considering who delayed this for 18 months.
Bankers are ready to go, but keeping the time as quiet as possible.  Nothing will happen until the CBI and PM Abadi both say Go.  Everyone has exchange who could until the general public goes.
Tony: Let’s go back to Iraq for a moment so that everyone understands what is really happening.  The US was holding it back forever because they wanted some major things accomplished first in banking laws and the Government of Iraq.  Finally the US said “You’re close enough;  we need to do this (because of global movements) and fix it later.” Now Iraq is into the detail as far as their country and its security… which effectively means “How can we pay our people without paying ISIL?” 
DC:  I believe they had this plan thought through and executed, but have polishing to do on little tiny items and using that as an excuse.  However, the security side is a good point. What happens when you RI and you have a bunch of terrorists running around Mosul and Anbar?  How do we  NOT make the terrorists even richer than they are.  The government has found and removed a lot of hard currency.  IN terms of banking, they are making the dinar available electronically in stable areas.  In ISIL-controlled areas, they will not revalue.  This is a good military and strategic plan.  “We thought you at ISIL were rich, but now the government side has a lot more money, so why should I fight for you when my family now has lots of good jobs?”  The military wanted this move also because it means people will move around and that gives them more intel to play with.
Tony:  This weekend, they cut off the electronic ration cards, and that made the people come in and identify themselves to get their money.  They won’t send the money to those areas but bring people out of those areas to get the money and ration cards.  That will draw them out and that’s why it didn’t happen this weekend.  They changed the electronic banking system so that they can now choose which branches get the updated rate and which do not.  That also happened over the weekend.  They chose to fix those issues before the RI or RV goes.   Now everyone is ready, just waiting on the CBI to say when. We can all see that makes sense. They put out some articles about the ration cards and not paying them electronically, at least in those areas.  There was something about restocking ATMs in lower denominations, as they have done several times in the past.  The US is NOT geared up, sitting at their computers;  they are NOT on standby  or with extended hours this week.
DC:  This makes sure that the Treasury, the Fed, and the major banks – they have practiced many times and they can gear up within 30-40 minutes.  It might take a couple of hours to notify the whole world anyway.
Tony:  I know you have been hearing about March, April, May and next year, but I don’t see that happening.
DC:  We’re not hearing anything more than minor points, even from those who were most resistant in the past.  At the most, it’s “I’d rather see this Tuesday morning vs. Thursday morning” – that level of discussion.
Tony:  I know everyone wants to ask a question, but I’ve got guys who have been up here for 1,400 minutes.  Everyone cannot do that.  I can see your names, and I know some have been on before.  Just because you CAN do this, and have been on the call before, that doesn’t mean you SHOULD do it.  Right now, there are 83 people with their hands up.  Anyone who doesn’t have a really serious question, or would like to be kind to the new people, please put your hand down now.  I’ll give you a minute to do that.
816 caller:  [Appreciation]  You are setting a great example.  In 2014, we talked about a plan for Africa.  Two countries are unique in supporting one currency.  Is there an opportunity there?
DC:  Yes.  Most African nations have nowhere to go but up.  Many have assets to jump-start their economic platforms, and that is their absolute intent.  This RV and related GCR is supposed to be the stimulus;  that’s why we talk about Zimbabwe and what they are supposed to do.
Caller:  Tony, so far as bank fees go, surely they will be making money enough through overnights and such, as well as 2% for 30 minutes’ work.
Tony:  They are the bank.  They will get 5% and offer you 0.5% off the same money. That is how banks make money, and you want them to make money so that yours will be safe.  We don’t want to have them abuse us, that’s all.  They will make money anyway they can, including borrowing your money and lending it back to you at higher rates. It’s like women, you can live with them or live with them.  I know 2% doesn’t seem right, and the more so if you are bringing 100 million into their bank. All you can do it say “I’ll give you 1%” and see what happens.  Or you can go through an exchange and then put the money in the bank.
Caller:  There was a British pilot in WWI who lost both his legs;  he finally got back into the pilot’s seat for WWII, with 22.5 kills.  He was shot down, and the Germans asked the British to parachute in two prosthetic legs for him.  The book is called In the Heat of the Battle, and it’s about those who rose to the top… and those who fell out the bottom.
303 caller:  Is this Dr. T, professor of dinar enlightenment, and Sir Winston of Lone Star?  I have to say, the Super Bowl is the perfect metaphor for the last few years of the RV. We are at the one-yard line, someone calls the wrong play and we lose. 
Does it matter if my notes are circulated or uncirculated?  I bought through a dealer and I have a receipt.
DC: So the notes are registered to you, and that is fine.  For those who bought notes in Iraq, you might need your orders or something that shows you were over there at that time, to show it’s not criminal. Those of us who have been to Iraq in a more secret position will have to get a public document saying you were over there for some reason, to show you have the currency through legal means.
Caller:  Recently there was a rumor saying dong might be eight cents – what’s the origin?  Is that reliable? 
DC:  Several banks and a banking friend.  It is reliable right now and highly subject to change. 
Caller:  If so, what kind of Forex exchanger should we look for if we want to set notes aside with the expectation that they will rise after this goes public?
DC:  History of how quickly they wanted the public to exchange:  they really wanted everyone to get through in 30 days.  That was fine until the banks backed out of doing this together, and many got sated by the early exchanges, and they wanted to et out of it.  So that changed from 30 to 90 days, realistically.  After that, they will make it more difficult for people to use the older dong and dinar notes.  Why? They don’t want bad guys to use these massively increased rates to store value.  That is also why the US only uses $100 bills, to make it harder for bad guys to move massive amounts of cash around.  It can buy a car with cash, but you will be investigated if you do.  They don’t want that to happen to the dinar, dong, zim, etc.  So what they will do is to ask a lot more questions if you wait until after the 90 days.  There will be banks to do so, and they will handle it so long as it’s legal currency.  However, expect delays for investigations to make sure you are not a bad guy.  It might take up to 90 days in order to exchange at all.  If you are willing to bet, you can do various futures and Forex and/or multi-currency accounts to take advantage to a change in value.  There are many different answers besides actual currency.
Caller:  What if I ask the bank to structure an SKR for me?  As in, “here are my currency notes;  please lend me some money now against the rising value further down the line.?”
DC:  That is a good idea, if you can persuade a banker to do it.  As for a timeline, there are some debating the merits of tomorrow, Thursday, the weekend, and right now.  They are all possible, with nothing in the way that we know of.
Tony:  Good questions.  Can I give a non-politicians answers? 
DC:  You have no idea how my friends chew me out when I say something they think is sensitive. 
Tony:  If you listen to this call again, you’ll get more information.  First mouse gets the trap, second mouse gets the cheese, third mouse gets the cheese factory.  For those who can wait, who see the long-term benefits, it will be greater later.
Q: Why are they showing the advert on Iraqi television again? Does that mean another month?
DC:  It is for easing frustration as well as to fill air time.
Pam:  One member has submitted this question many times. There are unlicensed currency dealers selling people currency, and now the banks are asking for receipts. Will those who innocently bought from such dealers liable to have problems?  Might we even have the currency confiscated?  I am in Barbados, and a friend in the US bought from such a dealer.  I have no receipts, but he did give me a gift letter.  Also, it is still possible to exchange 5K or 10K notes just for liquidity?
Tony:  it’s like those guys selling dinar as an MLM, and using my name to do it!  What happens to those people, who may not have valid receipts?
DC: We are not lawyers or law enforcement.  However, they have told us that the bad guys will be caught and punished.  For most people, if you don’t have receipts there are a couple of issues.  As long as you can track where the currency came from and you are a regular person, you should be alright.  Law enforcement is not looking for ordinary people to give a hard time.  The IRS is a bigger problem, because the time you bought or received the currency is important. If you’ve had it more than a year, it will be taxed at long-term capital gains rate.  If you’ve had it less than a year, it will be taxed at short-term capital gains rate.  If you can prove you’ve had it more than a year, IRS will assume that it’s short-term.  If you have done things correctly, law enforcement will not come after you.
Tony:  If you don’t have receipts, they might want to know what meetings you attended, with whom, how much, etc.  They are really looking for the big guys, and if you are not one of them, you should be okay.
508 caller:  A number of months ago, I opened up a Wells Fargo account online (because there are no branches close to me);  when opened it online, it seems that it was set up through their California entity.  It seems to me I would pay Massachusetts tax, not California.  What’s your take?
DC:  Tony and I are not attorneys or accountants, but my experience is that you pay taxes where you do the business.  If you live and work in Massachusetts, you will pay Massachusetts taxes.
Caller:  As for the reported 2% exchange fee, and you said that we could always go through an exchanger, I wrote to Sterling asking what the exchange rate would be, and didn’t get a substantive reply.  I asked if their spread would be competitive with the banks, and they said they wouldn’t answer a hypothetical question. 
Tony:  I think the dealers will be competitive.
DC:  That is their plan. They will also make a lot from this RV. 
Caller:  That’s what I thought.  I like dealing with Sterling, they are always professional and they have a good site.  But they do even less in handling the exchange!
323 caller:  Because of the currency change in rates, how does one find a company that will notify when the rates change, someone who doesn’t work for a bank.
Tony:  Sounds like this person has a job for you – that you have to let her know when you get the tweet, and then find somewhere for her to exchange and how much that will cost.   Nobody does that for free. [Caller:  She is not asking me to do it.]
DC:  Stockbrokers have people who do that;  you can set up criteria to sell at X rate.
Tony:  She can set it up so that the broker sells under certain parameters. If she just wants to keep up, there are currency trading apps that will let you know that information.
734 caller:  I bought currency from people in Toledo, and how do I get around turning this currency in?  It was from the BH crowd;  I shook BH’s hand as I was handed the currency. I’m also heavily invested with Sterling.  How do I turn this in to the bank?
DC:  Document it as best you can – even if it’s bank account receipts, a cancelled check, anything you can use to prove to the IRS that you’ve had the currency for a while.
Caller:  It is more about turning it in.  I have an envelope with my name, their name, the amount I paid, and the amount I received. I paid cash for it.
DC:  We have been told by law enforcement that most of those folks are considered victims, unless the currency itself is counterfeit.  Unless you knowingly took part in something illegal, you are considered a victim.  Anything you have on paper will help, even if it’s a meeting announcement, for example.
719 caller:   I didn’t watch the Super Bowl because Denver wasn’t in it, so who cares?  They have been posting on Recaps that the RV has already happened but it’s just not showing.  Is that so?
DC: Depends on what you mean.  By what they did on October 30, they took a massive step towards the RV, so for those who have already exchanged, Iraq has exchanged, but for the general public (in the US and Iraq) it has not exchanged yet.  For the general public, they are still stuck in this nightmare situation of five different rates.
Tony: The Iraqi people are just like us… most have not been able to exchange, although some privileged people have exchanged in whole or in part or as SKRs. They are saying the RV has already happened, and the same thing is true of Iraq.
Caller:  If they knew they had ISIL in-country, and they planned to make those in Mosul come in, why didn’t they think of this before?  Why the public delays?
DC:  Tony and I have differing views on that.  Some think they should have done that in October, and others say that they wanted to wait until it was close.
Caller:  Okie said the US and Iraq had to work together to fund another international entity, and then it could happen.  Then there was a technical delay on Wednesday, but that was fixed.
DC:  Yes, I would agree.  The technical issue was not that important, but they took the opportunity to get that sorted out as well.  I also know of an entity that got funded on Wednesday. 
Caller:  You guys said that if it hadn’t got done by Tuesday, consequences would come into play?  What about that?
DC:  We talked about that earlier. The agreement was based on the US screwing this up.  Because Iraq is the one making sure this is perfect, the agreement isn’t needed right now. This depends on Iraq.  If the US turns into a turd again, they have some options. However, at this point the US is getting pushy, saying “Let’s go!”
Caller:  Is there a possibility of this being done by Friday?  I have somewhere to go…
DC:  Absolutely.  In fact, I think before Thursday. 
Caller:  I was on the other day, but my husband didn’t let me know he put his hand up.  It’s *2 to put your hand up, and *2 to put it down again.  I hope this happens NOW.
Next caller:  I bought enough VNN that no matter what the rate I will have enough to look after my family.  Best case, I want to start a reading camp for kids with dyslexia.  Now that the VNN is looking like 7-8 cents, possibly, I don’t know what to do. I don’t understand most of what you say, and don’t see what to do. Are there books or videos?
DC:  Listen to what we say on the calls, and think about the implications. Vietnam could bring it out at eight cents, and then later they can raise or lower it.  Or they could bring it out at the 47 cents we’ve been hearing up to now.  They will still have to give some of us access to the contract rate, and by paying attention you have the best chance of getting that.  Those not paying attention don’t have a change in hell.  You can bet on the contract rate, and you can also exchange what you have and buy more in the hopes that it will go up again.  You have a tremendous option (once you invest this money) to look after your family;  you might have to join up with others to become a qualified investor.
Re:  dyslexia, look for a foundation based in Austin TX on this topic.  Listen for further information because we might have some overlap with your project.
Caller:  Are there more resources to look up?  I don’t know enough about what to do with money.  I cannot go to a wealth manager right now, because I don’t have the money yet.
DC:  Go meet different wealth advisers in your category, and let them educate you. There are different WMs, products and mentalities for different groups, such as up to  one million dollars, one to five million dollars, etc.  Ask what their typical client has, because similar amounts have similar requirements.  Interview as many as you can who deal with the spread you think you are likely to be part of.  Learn from the professionals, as slowly as you can, and then you can make better decisions.  Some churches can help as well.
Tony:  Everyone should go to their community college and ask what financial courses they run.  That way you can get in on the ground floor and learn the vocabulary your WM will use.  Also, go to the state lottery office, ask what workshops they run for those who win, and ask if you can enroll now that you have this money. 
916 caller:  YES!  We’ve tried to be on this call so many times!  My husband and I have been in this for a couple of years.  We don’t get everything as much as we should.  My husband would like to know if there is a “final checklist” on the forum.  We have our binders together, but would love if they could bring the checklists forward.
Tony: We’ve had that several times – the Ten Things to Do First list, that is different for every person.  Yes, circumstances change.  If you are already IN the forum, ask where the Ten Things checklist can be found, and the forum members will help you.  If you start a thread, they will respond and put in links to whatever versions are available.  If Pam says so, she can also put it in the Tony Blast section.  Right now it’s in the Banking area.
Caller:  [Appreciation]  I hope to share the good things we intend when I meet you.
DC: Everybody’s ready.  The worst case is we are not in the bank, but everything is lined up in Iraq and in the US.  We mentioned several possible times:  1) Any time in the next week;  2)  Thursday morning;  3)  the weekend;  4)  whenever Iraq is ready.  The US is being supportive, there are no penalties, and we’re all ready for this to happen.  There were good questions today, and also I love the lady who is helping dyslexic kids.
Pam:  I’m here!  Thank you to the Mods and transcribers for being here this late in the day.  Our site has a tremendous Banking area with all that information for our members. Be careful to deal with the investors who deal with Bill Gates and Oprah, and you will find out about them from your Wealth Manager.  Also, DC is right that many churches can help you with trusts and other financial issues.  On the forum, look for My Big Fat Wealthy  Life;  we didn’t make it, but someone did a great job putting it together.  You can search for that on TNT forum.  Take your time and don’t trust anyone;  do your own diligence.
DC:  I know we are all worried about getting this done, but take a step back and realize how cool the dinar is in terms of how everyone found out about it.  Just a few ten thousand people were supposed to exchange through this process. Then some churches and groups stepped in and told us to buy and put it in the sock drawer.  It funded a lot of the reserves of the CBI, too. An incredible amount of wealth is going to change hands, and some wonderful volunteers came together to help fun this – Pam and the Mods, high up statesmen, Tony and his intel team, and just folks are trying understand this complex situation.  It’s incredibly cool how all these volunteers have gathered this info. IT’s a neat thing to be involved in!  It’s speculative, and yet it’s going to do so much good.  It’s amazing how all this has come together, and I hope historians will get it right how the whole story came together through voluntary efforts on all levels.
Ray:  Continue to enjoy Marvelous Monday.  If you don’t like the rate, wait.
Tony:  I know some are worried that it’s gone past the 31st.  They have picked three firm dates when THEY would like to do it.  They are not seeing any issues;  they are just waiting for one person in Iraq to say that he is happy for it to go.  Parliament and the Iraqi President have all signed off, and now we are just waiting for that one person to let it go in-country. There are three target dates, and they are not in March, April or May.  Thanks to the Mods and transcribers, and hopefully I’ll talk to you all tomorrow! 

SUNNY POST FROM TNT : TONY'S CLIFF NOTES, 2 FEB

Highlights and Summary of Tony's CC.  Updates as call progresses

BAD NEWS:  Tony:   We are not at the bank right at this moment. 
GOOD NEWS:  DC:  Everything else is beautifully lined up east to west.  Waiting on very little according to CBI, Parliament, etc.

LATEST WINDOW:  Debates going on about:  tomorrow morning;  Thursday sometime; merits of this weekend or letting Abadhi, Biden and Dr. Shabibi know. DC: Nothing in the way that we know of.
USA is not the hold up.  Now it is Iraq.

IRAQ:  CBI, Finance Ministry since budget passed going thru minor check lists, random items of no importance.  Just polishing up the minor items.  DC did not think this would take long.  Abadhi and Dr. Shabibi want this to be perfect.  DC:  Abadhi has real issue w/folks getting frustrated at RV not being here yet
  • Parliament 
  • CBI
  • Media:  TV/Newspapers/Mosques - announcements are "economic reform anytime."
  • ATM's are restocked with lower denoms.  They have done this three times now.
  • Budget did not get published in the Gazette on the 31st.  Should happen in the next day or too.
  • Civil Unrest:  DC said minor riots.  Some about RV and some about "stuff in general."
INTERNATIONAL:
  • Africa:  Unique in Africa as multiple countries supporting the same currency. DC said watch in the future as they have almost nowhere to go but up.  DC: A lot of African nations have natural resources to jump start their economic platform.  This is why all the talk about Zimbabwe.
  • IMF
  • UN
  • Dong Rate:  DC said the dong rate of .08 is reliable at this time but highly subject to change.Tony: All I can say is re listen to this call.  DC was very specific.  I tell you No Guts, No Glory.   First mouse gets trap, 2nd mouse gets the cheese, 3rd gets the factory. . . truly will be greater, later.
UNITED STATES: is not geared up.  No one is sitting at computers.  Nor is anyone on stand by and no hours have been set.
  • UST:
  • Banks: not geared up.  WF, BOA, major banks have the right staff in place to be ready in 30 -40 minutes.
  • Security:
  • Groups:  
  • NO Receipts:  lost, dealer didn’t issue, dealer out of business, found, gifted, etc.  Document what you can as to where, when, why and how.  There are several issues.  One is to show you are a right and honorable person.  Law enforcement is looking for suspicious stuff.  IRS will be biggest pain to decide short term, long term for taxes. DC said:  Do the best you can do. . . Gas receipt to show you bought at at that time.  Cancelled check. (I suggest you view a post in the TNT Forum titled, "Tax Receipts Rule IRS Keeps Quiet: They're Optional" Forbes Article” - It's about a legal court case that decided the receipts rule) It's at: http://www.tntdinar.activeboard.com/t59539173/tax-receipts-rule-irs-keeps-quiet-theyre-optional-forbes-art/

EXCHANGING:  for those who got the Dinars from Iraq as service personnel, you will need to present your orders or have some documentation.
Tony:  Hearing about March, April, May . . . I got texts this morning. I don't see it happening.

DC: Not hearing anything more than just minor comments about timing from anybody.

DC & TONY UPDATE, 2 FEB

DC - GOOD NEWS. HOPE ALL IS DOING WELL. THE ONLY BAD NEWS IS THAT WE ARE TRULY NOT AT THE BANK YET. ALL IS LINED UP. EVERYTHING IS THERE AND WE ARE WAITING? WHAT ARE WE WAITING ON?
DC - THE FOLKS AT THE CBI AND DC ARE JUST TALKING ABOUT STRATEGY AND DETAILS.
DC: BUDGET PASSED MINOR CHECK LIST, RANDOM IDEMS OF NO IMPORTANCE, POLISH UP, ABADI WANT PERFECT
DC - IN IRAQ, THE BANKS AND ALL OTHERS .... THE BUDGET PASSED A MINOR CHECK LIST. NOW RANDOM IDEAS OF NO IMPORTANCE. WANTS THIS THING TO BE PERFECT. SHOULD NOT TAKE VERY LONG.
DC - FOLKS IN PARLIAMENT ARE ANTSY THAT THIS DID NOT GO THROUGH. BUDGET HAS NOT PUT IN THE GAZETTE YET, BUT OTHER OUTLETS PUBLISHED IT.
T: TODAY ON IRAQ, CBI THIS IS DONE. 1ST OF THE MONTH. FIRST OF JAN, ACTUALLY SAYING TODAY. CONFIRMATION DC: ON TV AND RECYCLED
T - TODAY ON IRAQ TV, OUR GUYS SAW THAT THE CBI IS ON TV THAT IT IS DONE AND THEY WILL REINSTATE THE DINAR THE FIRST OF THE MONTH. WE ALSO UNDERSTAND IT WAS PLAYED ON THE 12TH OF JAN AND TODAY WAITING FOR CONFIRMATION FOR THAT.
T: EYE LEVEL, I KNOW PPL HATE DATES WINDOWS AND TIMES, NOT BEING SPECIFIC. LAST COUPLE OF TIMES. EVERYTHING PUBLISHED, HAVE VERY SPECIFIC DATES AND TIMES. THESE DATES WERE ALWAYS THERE. WHAT HAPPENED ON 31ST THE COUPLING WE ARE SEEING IN MARKET. WHAT AGREE TO BE PUBLICLY
T - WHAT HAPPENED ON THE 31ST, THE COUPLIN WE ARE SEEING IN THE MARKET. WHAT WAS AGREED UPON THAT COULD BE DONE PUBLICLY?
DC - BOTTOM LINE IS THE US IS HOLDING IS NOT HOLDING IT BACK. THEY HAD NOTHING TO DO WITH US BUT EVERYTHING TODO WITH IRAQ WHEN THEY ARE READY.
DC - PEOPLE ARE ON LOCKDOWN, AND WE ARE NOT THE PROBLEM. IRAQ IS MAKING SURE IT IS PERFECT. AGREEMENT STILL IN PLACE AND SUPPORTING.
DC - THEY NEVER HAD TO USE IT SINCE THE USA IS STILL SUPPORTING IT. IRAQ WANTS IT TO GO VERY SMOOTHLY.
DC: QUESTION WHAT IS SUPPOSE TO BE DONE WHY NOT AGREE AND WHY NOT. SORRY T: ALL RIGHT DC: SORRY BOUT THAT. BOTTOM LINE US BEEN SUPPORTIVE ALL TIME. HAS TO DO WITH IRAQ GETTING READY. US BLOCKING EVERY MINUTE REFERRAL. END UP NOT BEING AN ISSUE. US READY LOCK DOWN EVERY THING FINE WE ARE NOT THE PROBLEM. IRAQ ENDED AGREEMENT. US SUPPORTING IT. IRAQ , WANTS GOES SMOOTHLY. TRYING TO GET THINGS DONE. US LETS GO. OFFICIALS BEEN RIDING US. NOW WE ARE FINALLY READY.
dc: us senior leaders with Europeans saying 'come on it has to go"
DC: GETTING TO THE POINT GOT TO GO SAME FOLKS RESISTING IN A YEAR AND HALF. SHOE ON THE OTHER FOOT. BANKERS TRYING KEEP TIMES AS QUIET AS POSSIBLE BEST THEY CAN, CBI SAY READY TO GO. VERY FEW EXCHANGES. US SIDE
DC - BANKERS ARE READY. INTENTIONALLY TRYING TO KEEP THE TIMES AS QUIET AS POSSIBLE HERE IN THE USA. NOTHING WILL HAPPEN UNTIL ABADI AND THE CBI SAY GO.

STRYKER UPDATE, 2 FEB

Stryker] As we know the budget was approved last Thursday (29th) but under the constitution and according to page 118 of the budget the law is implemented if 15 days have elapsed after the COR (House of Reps) has transferred the law to the president. 

QUOTE: pg 118 The Iraq Budget Process Under the constitution, the budget law is considered automatically ratified (implemented) if 15 days have elapsed after the COR (House of Reps) has transferred the law to the president... After the Budget has been adopted then the Economic Reforms can be implemented…

Where Are They Now: They are in the process of transferring the budget to the President now…Bottom line, no rate change today, we will not see the change in monetary system until the process is completed. 

We need to watch for when the President receives the budget and then 15 days from there should give us a better understanding of when we could see the first sign of REFORM…

Please keep in mind that this is new to all of us and to the country of Iraq, when you research the facts you sometimes realize that there are more stones that need turned over before you find the gold, or in our case, the RV.

DINAR GURUS UPDATE, 2 FEB

2--2-2015   Newshound Guru Millionday   THE SITUATION IS TO THE POINT THAT ALL OF WHAT IS GOING TO HAPPEN IS GOING TO --- THEY ARE IN A CORNER THAT REQUIRES THEM TO MOVE FORWARD WITH REFORMS --- TRADE -- ISX-- AND MARKET ECONOMY --- WHAT IS GOING TO HAPPEN WILL HAVE TO REVEAL ITSELF.

2-2-2015  Newshound Guru Tlar
   We know that tariffs and taxes have been on the table since 2010.  They were voted in but never enacted because Maliki never wanted the CBI to have them...Without these tools there can be no RV… This budget approves and implements these tools and it has been pretty much understood that these tools are draconian without an improvement in the exchange rate.   It all starts with an RV and taking the currency international but as we see they have laid the groundwork and all those little pieces necessary to insure success have been done, some recently, some months and years ago.  THIS BUDGET JUST SUPPLIED THE TOOLS THE CBI HAS NEEDED AND FOUGHT FOR SINCE 2010. [Post 2 of 2]

2-2-2015  Newshound Guru Stryker 
 As we know the budget was approved last Thursday (29th) but under the constitution and according to page 118 of the budget the law is implemented if 15 days have elapsed after the COR (House of Reps) has transferred the law to the president.  QUOTE: pg 118 The Iraq Budget Process Under the constitution, the budget law is considered automatically ratified (implemented) if 15 days have elapsed after the COR (House of Reps) has transferred the law to the president... After the Budget has been adopted then the Economic Reforms can be implemented…Where Are They Now: They are in the process of transferring the budget to the President now…Bottom line, no rate change today, we will not see the change in monetary system until the process is completed.  We need to watch for when the President receives the budget and then 15 days from there should give us a better understanding of when we could see the first sign of REFORM…Please keep in mind that this is new to all of us and to the country of Iraq, when you research the facts you sometimes realize that there are more stones that need turned over before you find the gold, or in our case, the RV.

2
-2-2015   Newshound Guru Tlar   WHY IS THIS BUDGET SO IMPORTANT? There are two more steps in the budget.  They debated it already.  They voted yes on it already.  Mausum signed it into law already.  Next they will publish it in the Gazette it and lastly, they will start to disperse funds to the ministries.  If there is to be monetary change (RV) this year, IMO it should come before they start to disperse the monies meaning we are close.  If they don't RV the currency this year it is my opinion they will hurt their economy because taxes, tariffs and raises in electricity will not be counter balanced and it will be punitive to the citizens.  Taxes and tariffs and unpegging from the program rate are the tools the CBI needs to control the exchange rate and inflation in a new monetary regime.  [Post 1 of 2 stay tuned for the rest of the story]

2-2-2015   Newshound Guru sczin11  THE CBI APPEARS TO BE " BREAKING THE LAW" ALREADY...TODAY THEY BROKE THEIR OWN LAW, JUST PASSED LAST THURSDAY AS PART OF THE BUDGET
...  SO WHY YESTERDAY, JUST UNDER THE CAP? WHAT A GAME...MORE IMPORTANT, OR NOT, THE MARKET RATE IS HIGHER THAN I CAN EVER REMEMBER...MARKET RATE 1250!! THE LAST TIME MARKET RATE WAS IN THIS VICINITY, WAS JUNE, 2013...RIGHT BEFORE THEY WERE RELEASED FROM CHAPTER 7!   [isn't Cbi independent. do they have to abide by the 75 million?] THEY HAVE TO ABIDE BY ANY "LAW" ESTABLISHED BY THEIR GOVT...THE GOVT STILL CONTROLS ADMIN AND OTHER PARTS OF THE CBI, ALTHOUGH THEY ARE DEFINED AS AUTONOMOUS AND THE GOVT MUST BE INVOLVED IN MONETARY POLICY AS WELL ..THAT IS IN CONSTITUTION.    [Reference Stryker post 1-29-2015 for Auction Cap information.]

DETAILS NOTES:
Number of banks 22
Auction price selling dinar / US$ 1166
Auction price buying dinar / US$ -----
Amount sold at auction price (US$) 91,724,000
Amount purchased at Auction price (US$) -----
Total offers for buying (US$) 91,724,000
Total offers for selling (US$) -----

2-2-2015   Newshound Guru Millionday 
  THE LAW (HCL) IS IN PARLIAMENT... REMEMBER THAT THE HYDRO CARBON LAW IS AGREED UPON AND...THEY ARE SAYING THAT MOST INVESTORS WANT TO INVEST IN THE OIL SIDE OF THINGS AND ARE WAITING FOR THE LAW TO BE IN PLACE  -- DUE TO THE IRAQI OIL COMPANY.  THE OIL LAW PUTS THE IRAQ OIL COMPANY BACK IN BUSINESS WITH THE GLOBE AND EXPORTING ETC. [When will they vote on the HCL and the Article 140 in Parliament?] THEY ARE EXPECTED THIS WEEK -- THEY HAVE SOME REPORTS OUT THAT THEY ARE ON HOLIDAY BUT WE DONT EXPECT ANYTHING ON HOLD DUE TO THAT...

2-2-2015   Newshound Guru Aggiedad77 
  Article:  "Kurdish MP in Baghdad: Erbil – Baghdad Oil Issue Resolved Commission on oil and energy: the oil agreement between Baghdad and Erbil entered into force"    The Kurds are happy...they have a signed agreement that is now part of the budget for 2015...forthcoming from the COM and oil commission joint committee will be a completely re-written oil and gas law...PM Abadi is expecting total cooperation not only in the draft of this law....but swift and speedy passage within Parliament...He has the attention of all who are drafting this effort...and through Speaker of Parliament Jubouri all members of Parliament as to the seriousness and need for speed on this issue...I'm wondering...can we possibly see this happen by the 12th...

2-2-2015   Newshound Guru Enorrste
   I speculate that either Abadi or the CBI, or both, will sue Parliament in court over this illegal move. Furthermore, the IMF must be totally pissed off at this intrusion on the CBI's legal options...today that the World Bank is stepping in to offer whatever assistance they can to keep the financial ball afloatThis is a very serious matter and it will come to a head shortly, in my view.  It is not only illegal but will also have negative consequences...  This MUST get unraveled, and soon, in my opinion.   [post 2 of 2]

2-2-2015   Newshound Guru Enorrste  Article:  "D. Ali Mirza *: 2015 budget and determined to cap the dollar sales in the auction currency of the potential application of consequences"    The way I see this...Within the budget the Parliament passed is a requirement that limits the daily auction of dollars to $75 million.  This is a function of the CBI and the Parliament does not have the right to do this.  In their attempt to keep things under control, the CBI announced that it will pay foreign accounts in dollars and bypass the auction through this method.  This is not their first choice, but allows them some latitude as we go forward.   If they did not do this imports would shrink due to the cap at the auction.  [post 1 of 2....stay tuned]

2-2-2015   Newshound Guru Millionday
    NOTE -- THE PRESIDENT HAS RELEASED THE BUDGET AND ANNOUNCED IT AS LAW ON THE WAY TO THE GAZETTE -- IT IS NOTED PER THE PRESIDENT.  [there has been much talk of IF the rate is in the budget OR not...?]   ALL DATA WOULD BE CHANGED WITH A CHANGE IN THE RATES AND PURCHASING POWER OF THE DINAR -- THIS WOULD BE DONE BY ELECTRONIC E-GOV ENTRY -- THE BUDGET AND ALL FIGURES -- BENEFITS -- PRICES -- UTILITIES EVERYTHING WOULD BE CHANGED ALL AT ONCE IN ORDER FOR IT TO MAKE SENSE -- ANY CHANGE WILL BE RECORDED IN EVERYTHING FINANCIAL.