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DINARESGURUS.BLOGSPOT.COM_________________ _______

Thursday, February 5, 2015

S3A CHAT UPDATE , BREITLING & TLAR UPDATES, 5 FEB

  • Received some shittie news this morning, bad news first: RIGHT OUT OF THE FED they are still trying too make it illegal for the ordinary person to do their exchange on the dinar, unless they're in a private placement group. Bonds are starting to exchange on the platforms which is a good thing, and they can not decide on the taxes either 11% across the board or 40%.???? 

    • Hahaaaaa seems that you have stepped in some shiitte


    • Thank you, Toothless Crackhead !! I will go with the 11% ,please !!!! Lol!!!
    • **************

    • 2-5-15 BreitlingWhen I first got in this investment you HAD to have faith. One 25K note had 25,000 dinar in that one note…They had about 15 Trillion dinar out there…what we didn't know was how many notes there were that represented the 15 Trillion dinar.
      We knew the note count when they hit 30 Trillion dinar…[they told us] it was represented by 9 Billion notes.  The reports started coming out by Dr. Shabibi saying we need to reduce 70% of the note count because their agenda was to get to a $1.17 and then get to the $3 range…that's it. That’s all you need to watch. They told everyone what the process would be and the budget reflects that THIS time! 

  • 2-5-15 Tlar: The backstop to me is the actual disbursement of funds from the budget, 1166 or a new rate. No matter what, we should see the end to this period very soon meaning whether or not this time we will see the RV, or we will know that all miss-judged and we will be in for a much longer ride.

    I also don't believe they can go live internationally without an international currency. Personally I think we are there and it is time.  Thank god we don't have long to see if this is correct. We have finite backstops, the Gazette and the funding which will close this period of hope one way or another. We should know our answer on the day the first dinar is dispensed from this budget if not a few days before. 

TERRYK UPDATE, 5 FEB

2-5-15 TerryK: I HAVE CONFIRMED THIS THIS AFTERNOON ...THE BUDGET WAS DELIVERED ON MONDAY THE 2ND OF FEB TO ABADI.  BY LAW HE HAS 15 DAYS TO COMMENT OR VETO. SO IF HE WAS PART OF THE DRAFT OF THE BUDGET DO YOU THINK HE IS GOING TO REDO IT? IF HE DOES NOT VETO IT OR DOES NOTHING THEN ON THE 17TH IT GOES INTO LAW. NOW IF HE SIGNS IT, IT CAN GO INTO LAW ANYTIME BEFORE. SO AT THE LATEST IT GOES INTO THE GAZETTE ON THE 18TH OF THIS MONTH. AGAIN THIS IS IF THERE IS NO MODIFICATIONS OR VETO. 

TMAN23 & TNT CHAT UPDATE, 5 FEB

tman23  ...it should be obvious...that currency reform is taking place RIGHT NOW...

Take into consideration that Shabibi once stated that the reform would be an 18 month project in 3 phases... That being said; We do not know exactly what phase the CBI is in... 

The fact is that the CBI has opened foreign accounts and vice-versa...The Master Card (Qi card) has issued some cards to those receiving pensions and labeled it as "pilot program"... and they are being used international...

There are some reports of people saying the cards are not working correctly... they do not display the correct balance at the ports... 

From what is being said it appears zeros are not showing up on the cards. That said; it is reasonable to assume that the project of lifting the 3 zeros is in motion.

*************************

TNT:


Gswoo13: This should be......a worldwide market moving day. The Asian markets and the Europeans...are all feeling the pressure today....just wait until the meeting in Greece/France..............and watch the US markets retreat......

Rrrr: Sooo much to be done, as this RV comes hither. The times spent in this room, will evolve to a slither. But this space filler called Chat, filled with moments we’ll hold, so warm in our hearts, to be savored and told. We’ve learned Ohhh so much about currency and rates, but more important than that we’ve learned patience and faith. Enduring all these trials, tribulations and strife, have merely made us more focused for when we start our new life.

EarJockey:
 1st and BEST WINDOW IN THE UNITED STATES is 11pm-3am PST, 12am-4am MST, 1-5am CST, 2-6am EST: Minor window opens at the close of US markets 4 EST. Other important times are when Iraq banks open at 8am and Muslim prayers before 6:58am creating a possible window at PST = 7-9pm / MT = 8-10pm / CST = 9-11pm / EST = 10pm-12am

MYLADIES & FRIENDS CHAT, 5 FEB

MY LADIES:  GOOD THURSDAY MORNING EVERYONE…..THERE IS SO MUCH GREAT NEWS OUT THERE TODAY. WE ARE REALLY VERY CLOSE TO THE END. SO LET’S START

THE COMMITTEE OF ECONOMIC AFFAIRS HELD ANOTHER BIG MEETING TODAY.
MY LADIES: THIS IS THE 3RD ONE SO FAR AND LOOK AT ALL THAT ATTENDED AND BREAK APART THE STEPS OF WHAT THEY ARE PUTTING INTO PLACE

 Affairs Committee Alatqasidih take a number of supporting the banking sector decisions http://www.khabaar.net/index.php/permalink/41457.html

Committee on Economic Affairs held its third meeting under the chairmanship of  D.roژNuri Shaways Chairman of the Economic Committee and attended by ministers (finance, oil, planning, commerce, industry, minerals and agriculture) and the Governor of the Central Bank of Iraq and President of the National Authority for Investment and Economic Adviser to the Prime Minister and the Deputy Secretary General of the Council of Ministers and the President Legal Department of the Prime Minister's Office.
....
Statement of the Commission received for News Agency (et), a copy of which explained taken many supporting the private banking sector decisions being the main gate to the development of the Iraqi private sector, including the following:

MY LADIES:THEY MADE THESE 12 DECISIONS SO FAR THAT WILL SUPPORT THE PRIVATE BANKING SECTOR. THESE STEPS ARE IMPORTANT AND WILL FIT INTO THE SOON NEWLY REVISED INVESTMENT LAW PACKAGE.

 1. The Ministry of Finance to compel government departments to accept all certified instruments issued by private banks.

MY LADIES:
THERE WAS A CLEAR SEPARATION BEFORE BETWEEN THE PRIVATE AND STATE RUNS BANKS BEFORE NOW THE STATE BANKS ARE ACCEPTING OF BANK INSTRUMENTS FROM THE PRIVATE BANKS, LIKE LETTERS OF CREDIT AND GUARANTEES AND THE LIKE

 2. The Ministry of Finance in coordination with the Central Bank of Iraq and the Association of private banks in Iraq to put controls and mechanisms are clear and specific to deposit the salaries of employees and retirees in private banks and including

MY LADIES:THIS IS FOR THE ELECTRONIC SYSTEM AND TO ALLOW SALARIES AND GOVERNMENT PAYMENTS TO BE DEPOSITED INTO ANY PRIVATE BANK OF YOUR CHOOSING. YOU KNOW LIKE OUR DIRECT DEPOSIT. RIGHT NOW THEY ARE ONLY GOING TO RAFADIAN BANK

 3.The Central Bank of Iraq and the government to study the possibility of banks lending to private banks to finance small and medium enterprises because of their importance to the revitalization of the Iraqi private sector.

MY LADIES:THEY ARE LOOKING INTO THE STATE BANKS MAKING LOANS TO PRIVATE BANKS. WE SAW THIS YESTERDAY WITH THE SOFT LOANS FROM THE GOVERNMENT

 4. the Trade Bank of Iraq to open credit lines with private banks under the supervision of the Central Bank of Iraq.

MY LADIES:
THE TRADE BANK OF IRAQ IS A COMMERCIAL BANK AND THEY WILL BE ABLE TO OPEN LETTERS OF CREDIT SOON.

 5. emphasis on activating the role of the financial court as stipulated by the banks and in accordance with the law of the Law of the Central Bank of Iraq and not to resort to other courts.

MY LADIES:THEY WANT ALL LEGAL BANKING MATTERS TO GO THROUGH AND FOLLOW THE LAWS OF BANKING SET FROM THE CBI AND NOT TO BE DETERMINED BY A REGULAR COURT. SO THEY ARE WANTING TO ENFORCE BANKING REGULATIONS AND LAWS ACCORDING THE CENTRAL BANKING SYSTEM.

6. The Central Bank of Iraq to study the possibility to benefit from the legal reserve for private banks to grant investment loans from the reserve and Bahrafh.

  
MY LADIES:
WE SAW THIS ONE ALREADY LAST WEEK THEY WANT TO LEND BACK SOME OF THE RESERVES THE PRIVATE BANK HAVE DEPOSITED WITH THE CENTRAL BANKS SO THEY CAN LEND IT OUT TO CUSTOMERS

 7. emphasis on the Ministry of Finance and the Central Bank of Iraq to apply to the Committee on Economic Affairs Resolution No. S.l / 495 on 18.11.2014 regarding the opening of letters of credit to the private banks up to 10 million dollars (ten million dollars) without passing the Iraqi Trade Bank.

MY LADIES:
THE CENTRAL BANK WANTS TO OPEN LETTERS OF CREDIT UP TO 10 MILLION DOLLARS WITH THE PRIVATE BANKS AND NOT JUST WITH THE COMMERCIAL BANK WHICH IS IRAQI TRADE BANK

 8. do all of the Rafidain and Rasheed deposit part of their money to the private banks in exchange for soft benefits that you own private banks to invest those funds in investment projects in accordance with the economic feasibility and according to specific mechanisms and guarantees of studies.

MY LADIES:   ALL RIGHT HERE WE ARE SEEING SOFT LOANS AGAIN. THE STATE BANK WILL LEND THEM TO THE PRIVATE BANKS FOR PROJECTS

 9. The Central Bank of Iraq to submit a draft deposit guarantee the necessary speed.THE CENTRAL BANK WILL GUARANTEE THE DEPOSITS IN A TIMELY FASHION. RIGHT NOW IT TAKES A LONG TIME AND A LOT OF PAPER WORK

 10.kiem the Ministry of Finance and the Central Bank of Iraq and the Iraqi Trade Bank launched amounts of credit according to the contexts globally applicable and not suspended or delayed when the support you received the items.

MY LADIES: THE CBI AND THE FINANCE MINISTER AND THE TRADE BANK WILL BE ABLE TO GIVE CREDIT GLOBALLY IF APPLICABLE WITH OUT DELAY WHEN THEY RECEIVE THE APPLICATION.

 11. urged own private banks to create partnerships with international banks for the purpose of strengthening the developmental role of the country and create investment opportunities and operation of labor.

MY LADIES: THEY WOULD LIKE THE SMALLER PRIVATE BANKS TO MAKE PARTNERSHIPS WITH LARGER BANKS IN OTHER COUNTRIES TO STRENGTHEN INVESTMENT OPPORTUNITIES.

 12. Intensify efforts by private banks on civil educate citizens to deposit their money in banks instead of keeping them indoors and strengthen trust between citizens and banks.

MY LADIES: AND THIS IS A BIG ONE THEY HAVE TO COME UP WITH WAYS TO EDUCATE THE PEOPLE AND MAKE THEM FEEL SECURE TO TAKE THEIR MONEY OUT OF THE MATTRESS AND PUT IT IN THE BANKS

 Economic Commission also emphasizes the support of the independence of the central bank and to avoid prejudice to the Bank for its endeavors in order to achieve its objectives and carry out its tasks, and support for new instructions issued him to achieve better control and transparency.

MY LADIES: WELL THERE WE HAVE IT. THEY ARE TAKING ALL THE PROPER STEPS AND DOING IT FAST TO BE SURE THE PRIVATE BANKS ARE READY FOR THE INDEPENDENCE AND THE INTERNATIONAL STAGE. THIS IS A VERY GOOD ENCOURAGING ARTICLE.

Lee Music: Good Morning Everyone (sun) Does anyone know when Abadi returns from Germany? Common sense tells me they would not re-price with him out of country

(Marine Mom): Lee, I thought I saw an article saying 2 days... but don't quote me on it.

BaNDiTo_RoX: Abadi doesn't need to be in Iraq for them to re-price there currency.

Lee Music: No, he doesn’t.  But I can’t imagine he would be out of country when they do it ;

Lee Music: Thanks  that’s what I thought as well

Princess D:
 I see that Barzani (kurdish) is going today. But I havent seen Abadi going.

Princess D: Press release CBI announcement 02/05/2014


News and Announcements

( press release ), the Directorate General of issuance and cabinets held at the Central Bank of Iraq, an expanded meeting with representatives of the banks to inform them on how to deal with banknotes in accordance with modern techniques in counting and examination . :eyebrows:

02/05/2015    http://www.cbi.iq/?pid=Home&lang=ar

**********

MY LADIES: HERE WE HAVE 4 GOOD ARTICLES ALL TALKING ABOUT THE 75M CAP ON THE DOLLAR AT THE AUCTIONS. EVERYONE IS TRYING TO MAINTAIN THE EXCHANGE RATE OF THE DINAR AGAINST THE DOLLAR. IT WAS 1186 AND NOW IT’S 1166 AND IT SEEMS THE DOLLARS SOLD ARE NOT MATCHING THE GOODS COMING IN.

Finance's (et): We have an enormous amount of hard currency .. and on the bank to maintain the strength of the dinar

http://www.khabaar.net/index.php/permalink/41421.html

MY LADIES: HUMMM THIS IS VERY INTERESTING AND SEEMS SOMEONE IS HAVING PROBLEMS DOING BASIC MATH.

Economic's (et): Identification of central bank sales in reducing the waste of public money

http://www.khabaar.net/index.php/permalink/41422.html

 Central Bank's (et): rise of the dollar bubble .. and may not be determining the amount sold

http://www.khabaar.net/index.php/permalink/41423.html

 Keywords: raising the recommendation of the Council of Ministers to appeal materials opposing the budget with the independence of the Central Bank

http://www.khabaar.net/index.php/permalink/41430.html
 
MY LADIES: WE SAW THIS ALMOST A MONTH OR MORE AGO WHEN THE CBI REQUIRED BANK TELLERS TO PAY FOR A CLASS TO LEARN HOW TO RECOGNIZE COUNTERFEIT NOTES IN TRANSACTIONS.

FROM Vxxxx CBI PDF TRANSLATION

Vxxxx : Not bank notes cash money

They are discussing and will offer training and support on how to count and bundle money to be transferred in a very smooth and safe way to the CBI

And how to deduct counterfeit money and how to deal with the damage ones.

And the CBI just said  Whooooop, smile, People dancing in the mosque , ships at sea, Christmas in Feb, Black Friday shopping, lol  exciting ! Have a good morning

MY LADIES: They will also train them on how to use the latest technology in doing the above

B~Texas. Sister: Very good news this morning. THANK YOU to all who bring it. Mary, PLEASE thank Vxxxx for helping with the language.

MY LADIES: LEE THE CONFERENCE IS STARTING TOMORROW AND WILL CONTINUE UNTIL SUNDAY.

BUT IT REALLY DOES NOT MATTER WHERE ANY ONE IS WHEN THE DINAR STARTS TRADING.

**********

Barzani heads to Germany to participate in the Munich Security Conference


Thursday February 5, 2015 13:46

http://alliraqnews.com/2011-04-18-02-57-37/165918-2015-02-05-10-46-53.html

Princess D: We heard a few days ago he is going. So maybe both are going to Germany. I havent came across an article for Abadi. So it does make sense that they would both go.

MY LADIES: OH THEY ARE BOTH GOING; YESTERDAYS NEWS SPOKE ABOUT ABADI LEAVING I JUST USE THE ARTICLE WITH BARZANI TO GIVE THE LEE THE CONFERENCE DATES.

MY LADIES: HERE WE GO ABADI GOING ON SATURDAY.

Abadi looking with German Ambassador military cooperation and visit Germany next Saturday to attend a security conference [Expanded]

Wednesday, February 4, 2015 18:26

http://alliraqnews.com/2011-04-18-02-57-37/165846-2015-02-04-15-26-51.html

**********

Princess D: A tweet from Abadi this morning:  Under the instructions of PM Al-Abadi, 221.5 tons of food items have arrived in Anbar province this morning.

Princess D: I wonder how they are paying for that?

Princess D:
 Could that be the money for the provinces that is expected on the 12th or from somewhere else?

Princess D: Abdul-Mahdi involved acts of First International Investment Conference


History of edits:: 02/05/2015 twelve eight {Baghdad: Euphrates News} Oil Minister Adel Abdul-Mahdi participated Thursday acts of the second day of the International Conference for the first investment held in Babylon Hotel in Baghdad.

A reporter for the agency {Euphrates News} "The oil ministers Adel Abdul-Mahdi arrived in First International Investment Conference Hall to participate in its work."

The First International Investment Conference has kicked off on Wednesday, under the auspices of the Committee on Economy and Investment representative.

committee of economy and investment representative confirmed that "the government Parliament keen on the success of any offer for the Iraqi economy a chance, which is needed diversity to the economic situation and the development of his abilities ".mbana that" the Committee of Economy sure that a conference of investment and legislation Investment Law alone service is not enough, but we need a package of laws. " he said, adding that "the investment in Iraq is an investment for the future" .anthy m

http://wwww.alforatnews.com/modules/news/article.php?storyid=76129
 
MY LADIES: PRINCESS YOU WEREN’T HERE A FEW WEEKS WHEN WE TALKED ABOUT ALL THE SHIPS THAT HAD ARRIVED IN THE PORT OD FAW AND THEY WERE LADEN WITH GOI RATION CARD ITEMS.

THESE ITEMS WERE PURCHASED AND IMPORTED FROM BELGIUM, AUSTRALIA, ITALY, ETC., AND THEY WERE ALL PURCHASED WITH SOVEREIGN GUARANTEES AND LETTERS OF CREDIT BACK IN OCTOBER AND JUST BEGAN ARRIVING IN JANUARY.

THEY WILL PROBABLY NEED TO MAKE GOOD ON THOSE INVOICES IN 30 DAYS AS PER THE ARTICLE I JUST POSTED ABOVE. SO WE WILL HAVE TO SEE HOW THEY DO IT.

Princess D
: ahh. Yea so hopefully it is with the repriced dinar.

MY LADIES:
 ALSO PRINCESS THE RATION CARD ITEMS WOULD NOT BE A DEBT THAT FALLS ON THE PROVIDENCES THOSE ITEMS ARE GOVERNMENT DEBITS.

Princess D:
 But that may be putting my cart before my horse.

MY LADIES: WELL THEY DO NEED TO BE PAID AND IN THE DINAR AS THEY ARE GOVERNMENT DEBTS, AND WE JUST READ THIS MORNING THE LETTERS OF CREDIT ARE TO BE PAID 30 DAYS FROM INVOICED, SO LET'S HOPE IT'S SOON.

MY LADIES: AND BEFORE YOU ALL START PINNING DOWN A DATE...I DON’T KNOW WHEN THEY WERE INVOICED...LOL...

MY LADIES:
 I COULD SEE SOME OF YOU REACHING FOR YOUR CALENDARS ALREADY...LOL...

***********

BaNDiTo_RoX: Keywords: raising the recommendation of the Council of Ministers to appeal materials opposing the budget with the independence of the Central Bank

http://www.khabaar.net/index.php/permalink/41430.html

MY LADIES: YES BANDITO I SAW THAT AND I HAVE IT HERE TOO

http://www.dananernews.com/News_Details.php?ID=5514

I JUST SENT IT TO VXXXXX FOR TRANSLATION TO BE PERFECT

Rocket: Good morning.  Question for the forum:  So we know the timeline for implementation of the budget based on our calls and studies.  If the budget is with the President for approval, he has 15 days to sign off or it gets approved anyway on day 15.  My question is does the President have the ability to veto that budget?  If so, is this really the only thing that can stop this train from getting into the station?  Thanks.

MY LADIES: ROCKET THE ANSWER IS NO...THERE IS NO VETO POWER IN A PARLIAMENTARY DEMOCRACY AT ALL.

Rocket: Thanks, Mary.  That is awesome news.  This thing sounds pretty air-tight for getting the budget in the Gazette.

***********

MY LADIES:  The government is moving to the Federal Court on the intersection of budget items with the independence of the Central Bank

http://www.dananernews.com/News_Details.php?ID=5514

Keywords: raising the recommendation of the Council of Ministers to appeal materials opposing the budget with the independence of the Central Bank

http://www.khabaar.net/index.php/permalink/41430.html

 MY LADIES: ALL RIGHT SO WITH THIS THERE WERE A FEW LINES IN THE BUDGET THAT MAKE THE TIE OF THE CBI AND THE GOI A LITTLE TO CLOSE. THE CBI IS MAKING MOVES TO ENSURE ITS INDEPENDENCE FROM THE GOI, IF THEY CAN NOT RESOLVE THESE ISSUES WITH THE COUNCIL OF MINISTERS THEN THEY WILL APPEAL TO THE FEDERAL COURT FOR SEPARATION.

 WE JUST READ THIS MORNING THE 12 STEPS THEY PUT INTO PLACE. THE CBI WANTS TO MAINTAIN ITS INDEPENDENCE. THIS IS VERY GOOD SIGN.

 WHAT WE ARE WITNESSING HERE IS ALL THE NECESSARY PREPARATIONS FOR THE DINAR TO GO INTERNATIONAL. YOU SEE RIGHT NOW THE CBI IS SORT OF JUST THE BIGGEST BANK IN IRAQ.

THE CBI DOES NOT REALLY HAVE THE SAME ROLE AS ALL THE OTHER CENTRAL BANKS ON THE GLOBE BECAUSE IT CAN NOT REALLY PLAY IN THE SAME SCHOOL YARD YET. BUT……

VERY SOON IT WILL BE IN THE SAME PLAYING FIELD AND WHEN IT IS THE CBI WANT TO BE SURE IT IS INDEPENDENT OF GOVERNMENT RULES AND UNDER THE SAME RULES ALL THE OTHER CENTRAL BANKS ARE UNDER. SO THIS SEPARATION SPEAKS VOLUMES.

SAGER -: Very well said ML and I agree, this is a VERY crucial and necessary step. Excellent news! 
E  ~ Tx.:  (Abadi) he also Lifted the Curfew that has been in place for several years ... Came thru APress No Link sorry ....

David:
 Abadi disarm five important areas in Baghdad and lift the curfew completely

LINK

Iraqi prime minister lifts decade-old Baghdad curfew

http://hosted.ap.org/dynamic/stories/M/ML_IRAQ?SITE=AP&SECTION=HOME&TEMPLATE=DEFAULT&CTIME=2015-02-05-06-53-22

MY LADIES: OK SO WE ARE SEEING THIS LIFTING OF THE CURFEW ALL OVER THE PLACE THIS MORNING. WHAT DOES THIS MEAN?

SATURDAY THEY END THE CURFEW IN BAGHDAD AROUND THE GREEN ZONE THAT HAS BEEN IN PLACE SINCE THE INVASION.

BUT I THOUGHT THERE WERE TERRORISTS THERE? WELL I GUESS THEY HAVE THAT PROBLEM WORKED OUT RIGHT? SO THIS IS YET ANOTHER SIGN THAT THE TRAINING WHEELS ARE ABOUT TO COME OFF IRAQ. VERY EXCITING TIMES WE ARE WATCHING.

BRING ON THE BAGHDAD NIGHT LIFE!

THANK YOU Exxx AND VET FOR BRINGING THIS TO MY ATTENTION.

SAGER -: Thank you Exx and Vet!

Rocket : No curfew=nighttime banking!!  Lol

Princess D: I saw that one too this morning but didnt think it had any application. But happy that things are really moving along

MY LADIES: HAPPY DAYS....BUT TO BE BRUTALLY HONEST HERE PRINCESS I DIDN'T CATCH THE SIGNIFICANCE EITHER. NOVA CALLED ME AND ASKED ME IF I WAS AWARE OF THE BAN BEING LIFTED ON SATURDAY….SO YOU SEE TEAM WORK PAYS OFF…LOL...

Princess D:
 Such great minds for sure!

NOVA: Mary You Are On Fire!!!!!!!

NOVA:
 Wow!!!!! Real World Stuff Going On In Iraq's Private Sector!!! Just Amazing To See It Unfolding Right In Front Of Use!!!

 In Reading All Of This We Can Just Throw Out All The Cloak And Dagger BS That Is Always Implied In Dinar Land!!!

Wow!! How Are They Going To Do Any Of This Without Real Money!! Like I Say It Does Not Speak To Tomorrow, BUT IT DOES TELL USE WE ARE AT THE END!!!

Princess D: Good Morning Nova. Iraq PM defends controversial new bills

Iraqi Prime Minister Haider Al-Abadi affirms commitment to government program and time-frame

http://www.aawsat.net/2015/02/article55341154

NOVA: On the call the other night I was talking about understanding how the economic systems works!!

Why did the $ start going up? Why did oil drop? They stopped printing money!!! Even though there has been any oversupply of oil for a long time, putting money in oil was better than dealing with an oversupply of Money.

Well the market needs a strong $ for what is going on right now and Oil cannot stay this low!! So what do we do? Like lowering the Money Supply to strengthen the Dollar. See below on what is happening with oil and why it is going up. I said this on the call the other day!!

 From Bloomberg, Feb 5, 2015, 10:53:56 AM Once again, oil is really moving.


To read the entire article, go to http://www.bloomberg.com/news/articles/2015-02-05/oil-is-on-another-major-tear

BEN WILSON INTEL FROM S3A, 5 FEB


  • hELLO GUYS !!
    I don't usually post any info or intel in this website, but my private INTEL from UBS Bank which is one of the main banks that deals with currency exchange has told me that there is a strong chance we might might see the RV happening tonight around 9 to 11 PM ( Pacific Time). Do to the fact that they have received many indications in their systems that points out that mayor changes of currency exchanges are coming very soon. He said the latest he sees this happening is Saturday Afternoon. 
    • WOOO hooooo
    • That's awesome news, Ben. Thank you very much!
    • Thank you for sharing!

TLAR UPDATE: "Unity First, RV Second", 5 FEB

 KJWayne   at February 4, 2015 at 9:24 PM    If I take out all of the KID STUFF in this then I get that the window is between the 10th, which is when parliament returns , and the 15th, which is when the budget hits the gazette to become law.

The CBI should start the rate change to the dinar and the government should start funding the budget because of the new laws .   Did I miss something?

Tlar   That's what I think also KJ and it is what I have been seeing since I mentioned "sometime in the next 12 days" about a week ago.  The backstop to me is the actual disbursement of funds from the budget, 1166 or a new rate.
~~~
Tlar Continues:   The problem with making any kind of a finite prediction on a specific day is the potential for Iraq to drag their feet or something which might cause a day or two delay.

They always seem to take a longer to finish something then even they themselves think even if it violates the constitution.

Even this Abadi government as fast as they are going, has pushed their own predictions and deadlines back on many issues because of its wanting to appease all sects.  But they are right to do so.

Unity first, RV second because without unity I don't believe we will see an RV.  They have to keep everybody on the same page going the same way if possible.

No matter what, we should see the end to this period very soon meaning whether or not this time we will see the RV, or we will know that all miss-judged and we will be in for a much longer ride..

I think it is a sign that every time we think we are getting close, tempers start to flare and words and opinions of each other get much tougher and sometimes degrading.

In the last few days on these boards and other boards I have watched many voicing intolerance of each other.

Remember, no one is right or wrong until this is over.  Everybody has an opinion and like in any unresolved situation, there will always be folks who try to lead in a vacuum or void.   
I am one that thinks Iraq will kill the momentum both in and out of their country if they don't finally do it now.   That is just personal opinion based on the fact that we are all tired due to the length of time it has taken to get to this point of hope again.  I believe this view is shared by many.  

I also don't believe they can go live internationally without an international currency.  

I have always believed that, as I know many of you do.  Personally I think we are there and it is time.  

Thank god we don't have long to see if this is correct.  We have finite backstops, the Gazette and the funding which will close this period of hope one way or another.  

We should know our answer on the day the first dinar is dispensed from this budget if not a few days before.       tlar

DINAR GURUS UPDATE, 5 FEB

2-5-2015   Intel/Newshound Guru tman23  ...it should be obvious...that currency reform is taking place RIGHT NOW...Take into consideration that Shabibi once stated that the reform would be an 18 month project in 3 phases... That being said; We do not know exactly what phase the CBI is in... The fact is that the CBI has opened foreign accounts and vice-versa...The Master Card (Qi card) has issued some cards to those receiving pensions and labeled it as "pilot program"... and they are being used international... There are some reports of people saying the cards are not working correctly... they do not display the correct balance at the ports... From what is being said it appears zeros are not showing up on the cards. That said; it is reasonable to assume that the project of lifting the 3 zeros is in motion.

2-5-2015   Newshound Guru Kaperoni 
  The dinar cannot remain pegged to the dollar if they expect a market economy.  The reason is simple, as investment comes into Iraq through the Capital Account, it will create inflationary pressure.  The solution to counter this is to allow the dinar to appreciate.  ...the central bank should begin the float prior to opening the Capital Account to prevent such inflationary issues...there is no chance for a RV at 1 to 1 or even close with 40+ trillion dinar in circulation... That is almost 4x the worlds money supply.  The only way such an event can happen is if the dinar rises gradually from 1166 giving the CBI an opportunity to remove the 3 zero dinar and retire it at its lowest possible value.

2-5-2015   Newshound Guru Tlar 
  The backstop to me is the actual disbursement of funds from the budget, 1166 or a new rate.  No matter what, we should see the end to this period very soon meaning whether or not this time we will see the RV, or we will know that all miss-judged and we will be in for a much longer ride.   I also don't believe they can go live internationally without an international currency.   Personally I think we are there and it is time.  Thank god we don't have long to see if this is correct.  We have finite backstops, the Gazette and the funding which will close this period of hope one way or another.  We should know our answer on the day the first dinar is dispensed from this budget if not a few days before. 

2-5-2015   Newshound Guru American Contractor  
 The World Bank has recently published a paper on the unpegging of the dollar from the Iraqi dinar. The World Bank offers suggestions short of being a demand for the Iraq government.  In Iraq, they are already exporting Oil and Gas to world markets at the going market rate.  The 2015 Iraq Federal Budget will have a problem going forward.  The Central Bank of Iraq (CBI) finished the week with the Iraqi dinar market rate fluctuating from 1235-1250 higher than normal.  The CBI and the Parliament Economic Committee will meet this weekend (Friday-Saturday) to discuss the monetary policy (Iraq Currency) and increase the value.  The Iraqi dinar has no restrictions. The Central Bank is not waiting for a budget; they are implementing their monetary policy.  The current monetary policy is causing a shortage of dollars in the market. The Central Bank may raise the limit of the dollar auction sales to assist the Iraqi dinar and increase in value.

2-5-2015   Newshound Guru Chattels  the temporary oil and gas agreement, i.e., for the next year / budget cycle, is now law by virtue of the parts which are included in the budget, but as yet there is no PERMANENT hydrocarbon law, IMO.

2-5-2015   Newshound Guru Millionday   THE BUDGET IS TO BE SENT FOR PRINTING IN ONE WEEK TO TEN DAYS AND THE CBI GOV IS MAKING IT VERY CLEAR OF HIS INDEPENDENCE IN THE MONETARY POLICY HE HAS READY FOR ACTIVATION
 THEY ARE MEETING WITH CBI -- MOP -- AND MOF -- ETC DURING THIS TIME TO CROSS T`S AND DOT I`S ETC.  THEY ARE MEETING ON THE HCL WITH THE KURDS THIS WEEK SO THAT ALL ISSUES ARE LOOKED AT AND EXACT FOR ALL.

2-5-2015   Newshound Guru Arthur
   The full HCL has a myriad moving parts that are much more complex than people imagine and is the reason for what seems like a delay but is only the dotting of all the i's and crossing of all the t's such as the SOMO component and how Kirkuk oil is implemented into the entire equation.  The good news is that the very best minds in the economic world are currently there within Iraq putting this much anticipated agreement together starting with the limiting of the auctions and several other strategic actions as a prelude to changing the currency regime and Abadi...went on record as saying he feels it (HCL) along with all the other finishing touches (Investment Laws) should be ready to officially roll out next Thursday the 12th of February which we are being told will officially start a preset timer counting backwards to the reinstatement of the Iraqi dinar.    [post 2 of 2]

2-5-2015   Newshound Guru Arthur 
  As I have said for the past 5 years the RV equation was, and still is GOI + HCL = RV.  We can now expand "GOI" to include everything we have seen accomplished by Abadi's new government over the past several months of its existence.  We can safely say that the difference between Maliki's GOI and Abadi's GOI are as radically different as night and day and everyday we are seeing that difference become more and more pronounced as we draw closer to the event we are all waiting on.  Having said that we are still one element away from the conclusion of this event.  That is, the conclusion for us...and the beginning for the country of Iraq. That still missing element is a completed and fully implemented Hydrocarbon Law (HCL).  The recent HCA (Hydrocarbon Agreement) is no substitute for the HCL and the PTB will never settle for less than the full deal.  [post 1 of 2....stay tuned]

OMEGA MAN, SHAMAN & GT UPDATE FROM S3A, 5 FEB


  • New Intel. Codes to be released Monday, as Chinese and IMF worked out an agreement. Bond payouts next week.

    • Hundreds of Hilla Municipality workers protesting to demand their salaries have been stalled for more than 40 days
      : IM Author: IM
      : BS Editor: BS
      2015/02/05 14:34 05/02/2015 14:34
      Number of Views: 54
       Long-Presse / Babylon
      Hundreds of workers mayor of Hilla, on Thursday, demanding their salaries have been stalled for more than 40 days, and threatened constantly demonstrations until their demands were met, while the mayor of Hilla confirmed raise their names to the Office of the province in order to exchange their dues from the development of the region's budget. A general cleaning Zaid Hashim said in an interview to the (long-Presse), said that "hundreds of service workers and drivers and observers working daily wages in the municipality of Hilla Imam Babil province and the municipality of Hilla building to demand regardless wages daily overdue for more than 40 days," noting that "the number of workers Cleaning in the province has 895 workers. " Hashim called "the Ministry of Municipalities and local government to pay their salaries and benefits," noting that "there is a section of the workers come from far away from the center of Hilla areas on foot because they do not have cars transport fares." Hashem stressed that "the demonstrations will continue and Snmta work until our salaries exchange," pointing out that "those responsible should know that we, the people of Iraq and they give us our legal rights." For his part, the observer Falah Ahmed said in an interview to the (long-Presse), "The number of observers who have been hired Municipality exceeds Oaadahm 195 observers were our wages daily good was reduced to five thousand dinars a day, however we have not received those wages for more than 40 days." .
       Ahmed called "the local government and the Ministry of the municipality to launch legal entitlements because hunger does not only have fought this work and say no to the destruction of livelihoods because most of us poor."For his part, the extent of the municipality of Hilla management Ammar Kazim said in an interview to the (long-Presse), "The Municipality raised the wage workers names to the Office of the province, who number 1184 factor for the entitlements of the development of regions exchange because the Ministry of Municipalities issued instructions that the work of cleaning deserve wages of the development of regions funds. "
       For his part, Deputy Prime Babylon Aqeel al-Rubaie said in an interview to the (long-Presse), "The workers' demands and drivers are legitimate and there is no reason for the delay and that the local government in solidarity with their rights and they should be a quick solution to this problem is the fact that cleaning workers in the province have a big role in very clean. " Rubaie pointed out that "the local government will form a committee to discuss the issue of salaries and launched in the coming days and visit the Ministry of Municipalities and Public Works."
      • Here's The LATEST INFO I'm Hearing!!!

        IRAQ'S Ready To Pull The Trigger (at Any Moment).....

        But POOKIE, RAY-RAY, KEISHA & 'DEM (you know who I've referred To when I say These Names) STILL has a KiTE STRING ATTACHMENT to the Release

        The WORLD is PISSED at POOKIE, RAY-RAY, KEISHA & 'DEM & are READY TO STRING THEM UP BY THEIR FINGERNAILS & FINE THEM "BIG BUCKS" if this RV/GCR isn't Public By The End of The Week!!

        But this has been Threatened Before....

        But Sometimes.....

        "When Your "SICK & TIRED of Being SICK & TIRED"