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Friday, March 6, 2015

MILLIONDAY, NEW CREATION & TMAN23 UPDATES, 6 MARCH

3-6-15 Millionday: THE BEGINNING OF THE REMITTANCE WILL BE ON THE 8TH OF MARCH -- THIS IS SUNDAY COMING UP -- SMILE

REMITTANCE CAN BE EXPLAINED THAT INTERNATIONAL BANKS AND MONEY TRANSFER COMPANIES CAN WIRE ACROSS THE GLOBE BY SUPPLY AND DEMAND

THE BEGINNING OF THE REMITTANCE AND WHATEVER STEPS THAT MAY BE -- CBI CAN SET THE VALUE AND THE INTERNATIONAL RATES AT ANYTIME THEY WANT -- THEY HAVE THE GREEN LIGHT

THEY WILL BE EXCHANGING CURRENCY BY WIRE -- HOW THEY WOULD DO THAT WITHOUT A NEW VALUE AND INTERNATIONAL RATES IS BEYOND ME -- BUT IT WILL BE SEEN ON SUNDAY

THE AUCTIONS WERE USED AS A TOOL BY CBI IN THE TIME OF SANCTIONS BANKRUPTCY-- IN ORDER TO CONTROL INFLATION ---- AND THEN TO GET RID OF THE US DOLLAR ETC---

THE REMITTANCE SYSTEM IS THE USE OF INTERNATIONAL BANKS AND THEIR SYSTEM TO WIRE FROM INTERNATIONAL ACCOUNTS -- INDEPENDENT AND CORPORATE ETC ---- THAT IS GOOD --- 


3-6-15 Newcreation: A statement of the Central Bank, received a (news) copy of it, that 't​he banks will start regardless of remittances to their customers start​ing on Sunday, 08/03/2015, after it was complete all the procedures an​d mechanisms of these banks'. - See more at: LINK  

3-6-15 
tman23A few weeks ago when Abadi asked for citizens to be patient until June...THERE ARE NO DATES BEING IMPLIED BY ABADI FOR A REVALUATION OF THE CURRENCY...BUT RATHER MORE SO THE CITIZENS BEING PAID BACK PAY...AND REMEMBER HE PROMISED THEM RETROACTIVE FROM JANUARY 2014 ALONG WITH PAY INCREASES...AND TO DATE/ ABADI HAS KEPT ALL PROMISES.[Do you think we will have to wait until June according to that statement or that they will get all of their money by then (back pay)?] I look to June...But there absolutely no doubt that we are in the moments of monetary reform and an announcement could come at any time. 

SUNNY POST FROM TNT : TONY'S CLIFF NOTES, 6 MARCH

    • sunny said
      10:24 AM Mar 6, 2015
    Highlights of Tony's call.  Updated as call progresses  
    Already Blessed:   DO NOT CALL THE BANKS BASED ON THIS INFORMATION  
    Tony:  It's a whole 'nother day from yesterday. . .  
    DC:   I'm feeling awesome! . . .   
    DC or Tony:  It's LIVE across the world!  
    WORLD WIDE:  Everybody, everywhere is ready and qued up.   US, Iraq and all other participants in support of RV getting done.  The “green light” was given in all last minute meetings. 
    Over the last 24 hours signals sent throughout the world to update all world wide rates to $3.90 and it’s been tested by doing small exchanges using specific transaction codes. 
    Bank security all over the world is on alert.  DC or Tony:  It’s LIVE across the world.   Waiting on announcement out of Iraq.  DC:  Not necessarily a big announcement - it has has to occur there first.  The time between Iraq announcement and the rest of the world knowing is in the 90 second range.
    Tony and DC don’t know the time – all on alert and ready to go across the entire world.  
    IRAQ:  DC:  Iraq to make major announcement over this w/e. 
    • CBI: Transaction codes have not been released yet, but will come out of Iraq, Dr. Shabbibi.
    • RI/RV Release:  DC: Timing is still tightly held. Can happen in the next minute, Sat. night or Sunday night.  It is an unknown and yes, things can still change.  Pray to God this is finally it. 
    • Media/Mosque:  Announcing economic reform in coming days and saying “Even though banking laws change on Sunday, even though you’ll be able to do inter bank transactions, wires, etc., does not mean the economic reforms have to wait till Sunday.
    • Celebrations set for this w/e in Iraq regarding RV/RI and Tikrit success.
    INTERNATIONAL:  Entire world to be notified after it has been done.   
    • Rates:  Tony:  We are excited!  Yesterday the rates came live at $3.90.  Talked to several banks, from VP’s to branch managers to tellers to transaction people (bankers across the world) and they are all seeing the rate at this moment . . . but no one can do a transaction at this moment. 
    UNITED STATES: 
    • Banks:  wire transfers over $500,000 will be scrutinized by banks and possibly by Homeland Security.  Expect limit of cash to take with you under $10,000.
    • 800#’s/Packages:  Tony:  I will try to keep the site up as long as possible and the other sites with event information if we can do them.  Tweet it out this is part of our NDA.  We can’t talk about currency, Dinar, Dong.  Not able to advise you and not able to have phone calls, web sites about future currency deals. . . I don’t have the contract.  I don’t have the information.  Will do it the best we can.
    • Reserves:  If you dealt with a Dubai dealer it could be a problem.  If you dealt with a reputable US dealer it should not be a problem.  Tony:  Not that you won't get it but certain people don't have enough to give everyone their reserves on day one.
    • NOTIFICATION: Tony:  We are waiting for someone in US to give us the call. Probably hear from overseas before they (US ) calls me. Then have to make a decision.   Do I Tweet it out or wait?  . . . on pins and needles for an hour or two.  I don't know that they'll say we're ready, send out your tweet....... or can you do a call in 15 min? . . . We are still not clear on that.  Don't have the info on how they plan on doing this. They have options, I just don't know which one they will choose 
    • Contract Rates:  the banks have their own discretion about who will get the rates.  Look and act like a derelict and you will be treated like one.  Dress, act and present yourself professionally.
    • Dong Appointment:   DC: Each bank different. Some will make you go through the foreign currency dept. and others do it quickly.
     EXCHANGING:  Guys hope to record THE Last Call.  You will have choices to make:  negotiate contract; decide on International rate; sign or not sign an NDA, watch FOREX for higher rate.  Tony:  Do you want to be 1st, 2nd, 3rd mouse. There is a plan for each one of them?  You should be thinking of this right now.
    CLOSING STATEMENTS:
    DC. Everybody across the world, very ready for this to go down. In last minute meetings got green light. Tests live across the world.  DO NOT CALL BANKS.  DO NOT CALL BANKS.  DO NOT CALL BANKS.  Nobody knows the real timing. We could have minutes, 3-4 days.  We don't know. Things could change. Don't go crazy or buy reserves. Don't do anything stupid.Let's see how this goes. Everybody should be pretty dang happy where we are at.  Thank you all for putting up with this fast talking Texan.
    PAM: I want to thank you for putting up with the fast talking Texan too.  Don’t panic. . . be flexible. . . anything can change.  We don't know what'll shake out...you're prepared for it and you know it. . . . Go back to what you know
    TONY:  One thing different today.  Q & A today I was laughing at DC’s responses.
    DC:  I apologize if I offended anyone. 
    TONY:  Decide now if rate comes out at $3.90, what am I going to do? That's the plan you should be putting together.  It can be adjusted from that point on.  Do I try to get contract rate or $3.90?  Do I watch to see what happens?  Get on Forex?  Do I want to take that kind of chance? Do I want to go to an exchanger . . .lock in rate. . . cause I can't get into bank for 5 -6 days?
    Do I want to pay 1 or 2% rate or not?  Play with the scenario now this afternoon.  Map out where you want to go. Which banks should you consider.  Be prepared. Look impressive when you go through the door.  Know what you’re doing when you walk in.
    If you need to wash, iron . . clean clothes, to look impressive when you walk in the door? Look presentable and act like you know.
    Now is the time to prepare question lists. First impressions are only one time.  Thank you, thank you. . . Sure we will talk sometime over this w/e.  Be prepared. I will be.
    I add my prayers to DC's, this is done this weekend!  Thank you all for appreciating my contribution to the TNT family.  May you and your loved ones be blessed with all good things and your cups over flow. See you in Vegas, Dallas and Atlanta! 

EXOGEN, DC & TERRYK UPDATE, 6 MARCH

3-6-15 EXOGENWE ARE TRYING TO CONFIRM THIS NOW:

Copied From Twitter: Sajad Jiyad @SajadJiyad

Claim on Iraqi TV by PMU commander that daesh asked via intermediaries for a 36 hour window to withdraw from Iraq. 

3-6-15 DC:
 Hope everyone’s doing well today. In politics, everyone is ready and cued up, agreed to it, in the US, Iraq, all other participants – they are all supportive of this being done.

There have been last-minute meetings and everyone has been told to do the green light. That last meeting has occurred and been given a time, and we don’t know when that is.

IN the last 24 hours, signals have been sent to update all world-wide rates to 3.90 – that has been sent out and tested with small exchanges. WE have got that from high to low level bankers throughout the world, but  no one has been given a time.

Governmentally, every country has been put on alert, including those who are coming on as hired guns throughout the world. We don’t know the time, but we know it is live across the entire world, but they have not announced it. We are simply waiting on the announcement from Iraq.

It doesn’t have to be a big one, but Iraqis get it first, then the Kurds, then we will get it. The lag time will be maybe 90 seconds, although the US might take a little longer. In order to prevent leaks, they will all everyone after it gets done.

We have confirmed this from sources throughout the world.

In Iraq there will be celebrations for the successes of the IDF and also for the RV. It is live, but transaction codes have not been given.

We are waiting on Dr Abadi and Dr Shabibi to get this done. The timing is being tightly held. It could happen in the  next minute, Saturday night, Sunday night… we don’t know.  They have been given the green light after those meetings.

Everyone across the world is ready for this to go down;  we are just waiting on the announcement from Iraq.  DON’T CALL THE BANKS. They are waiting for transaction codes just like the rest of us.  It could happen in the next minute, the next day, the next few days.

Everyone is ready for this to go through. Things can change as they have in the past, so nobody go crazy buying reserves. Let’s just sit tight and see how this works out.

You should be happy where you are at, we’ve all done enough. Thank you all for putting up with a fast-talking Texan! 


3-6-15 
TerryK: THERE IS NOT A BASIS FOR THEM NOR WILL IRAQ AGREE TO A FLOAT AS THIS WILL NOT PAY THE BILLS NOR PAYMENTS TO SHELL THE OIL COMPANY....PERIOD. I TALK TO THESE PEEPS AND I'M TELLING YOU THAT WILL NOT HAPPEN. I AGREE THEY WILL FLOAT AFTER THE RI/RV...THEY CAN'T START AT 1166 AND WILL NOT.
MY IMF CONTACT...TELLS ME...THAT THEY HAVE AGREED TO ALLOW IRAQ CBI TO OPEN AT AN AGREED RATE THEN FLOAT...NOT AT 1166. THEY HAVE ALREADY AGREED AT LEAST A RI RATE. NO WHERE HAVE I SEEN WHERE THEY SAY THEY ARE GOING TO FLOAT FROM 1166...IT'S GOING TO BE FROM A RATE OF 3.22 OR HIGHER...IN FACT I'M BEING TOLD 3.90 AND THEN FLOAT. I HAVE IT ON GOOD HANDS THAT WE WILL OPEN AT 3.90.

TNT CC NOTES, 6 MARCH

3-6-15 TNT DINAR CC (Notes by Adept1):
Replay 805.399.1500, PIN CODE 409029#
http://events.instantteleseminar.com/?eventid=66848196
Tony:  Good morning, TNT!  Today is Friday, March 6, 2015.  It’s going to be a short call because we gave you so much information yesterday.

DC: Hope everyone’s doing well today.  In politics, everyone is ready and cued up, agreed to it, in the US, Iraq, all other participants – they are all supportive of this being done.  There have been last-minute meetings and everyone has been told to do the green light. That last meeting has occurred and been given a time, and we don’t know when that is.  IN the last 24 hours, signals have been sent to update all world-wide rates to 3.90 – that has been sent out and tested with small exchanges.  WE have got that from high to low level bankers throughout the world, but  no one has been given a time.

Governmentally, every country has been put on alert, including those who are coming on as hired guns throughout the world.  We don’t know the time, but we know it is live across the entire world, but they have not announced it.  We are simply waiting on the announcement from Iraq.  It doesn’t have to be a big one, but Iraqis get it first, then the Kurds, then we will get it.  The lag time will be maybe 90 seconds, although the US might take a little longer.  In order to prevent leaks, they will all everyone after it gets done.

We have confirmed this from sources throughout the world.

In Iraq there will be celebrations for the successes of the IDF and also for the RV.  It is live, but transaction codes have not been given.  We are waiting on Dr Abadi and Dr Shabibi to get this done.  The timing is being tightly held. It could happen in the  next minute, Saturday night, Sunday night… we don’t know. They have been given the green light after those meetings.

Tony: We’ve talked about $3.89 or $3.90 a few weeks ago, and last night they were confirmed at $3.90.  We talked to bank managers and tellers, and they are all seeing the same live rate at this moment.  However, no one can do a transaction that we know of – that’s what we are waiting for. Iraq is scheduling a major announcement for this weekend, and they are expecting celebrations this weekend about Tikrit.  Even though banks in Iraq will be able to do international bank transfers as of Sunday, that doesn’t mean the RV has to wait until Sunday.  On their television, they are saying that this is happening in the next few days.  We are waiting for the moment of impact. I’m feeling super-fantastic, and so is DC.   Pam is feeling that you should NOT call the banks today! They don’t want five million calls today – the tellers can’t do anything about it.  However, we got this information from all four major banks and several countries all saying the same thing:  they have a live rate and they are just waiting.  Hopefully the nightmare is over and the dream is beginning.  We are done as we can be without saying goodbye!

732 caller:  I’m super-fantabulous today!  Will they still allow you to make the final 15-minute call, and will you record that?  Because if not, there are people who cannot get on the call, so how will we find out?

DC:  The recording is a sensitive subject.  We can only get 80,000 max on a phone line, so it only makes sense for that to happen.  We will be allowed to say goodbye and give the 800 numbers of the big banks.  Then we’ll have to check out.  They haven’t given us a straight answer about it being recorded.

Caller:  Then the twitter account goes down, and tntdinar.com and all the other sites?

Tony:  Don’t give them ideas!  We haven’t seen the agreement yet!

DC:  It’s all going to be okay as long as it’s reasonable.  Everyone has agreed to play ball as long as things go smoothly.  If you have been paying attention, we  have given you the information.  Take it slowly.  However, I will now contradict myself – you should hurry if you want the contract rates, because we don’t know how long those will last.

Tony: I will keep the sites up as long as possible, especially the other sites if we are able to have our four events, and you can register there.  It’s my understanding that with our NDA, we won’t be able to talk about currency, the dinar/dong, what to do afterwards, or have calls or websites about other currency deals that we find out about.  We cannot talk about those for the next 15 years.  You can make all the money you can, but we can’t do anything in that area.  We will do what we can as long as we can.

615 caller:  I’m in Pittsburgh, and we don’t have any of the big four banks here, although we do have a Fifth/Third, and Chase nearby in Ohio.  I called the bank of New York Mellon here in downtown Pittsburgh, and they say I have to deposit $2,000 to open an account, and I have to have an account to exchange currency there.  What do you think?

DC: They are a good bank, with a good reputation.  They are setting their criteria for the kind of client that they want, and they mostly cater to businesses. Will they be allowed to do the contract rate?  I have no idea, although I’ve heard that tier 2 banks will have access to contract rates as long as they last.  You can always move money to any bank you want.  It’s about whether you and the bank have a good fit – both parties have to b happy with the situation or something has to change, just like dating.  With a wealth adviser, it has to be a two-way street.

Caller:  I called WF Advisors and they also said they will only accept existing clients.

DC:  The other banks keep telling us that they will be competitive with WF, so I think you should shop it.

Caller:  So I should exchange at NY Mellon and then call WF Advisors?

DC:  Depends on if you want the contract rate – shop around. Call all the big banks and see what they will do for your.

313 caller:  I have some information about 770 accounts – can I tell you about it?  It’s an insurance company that deals with 800-870-8670, extension 126, at Paradigm Life.  It’s the number for the company, not an individual.

508 caller:  Following up on what you said yesterday about only walking out with $7,000 cash… that’s fine, but I was planning to wire money to my existing account pay off my mortgage and such.

DC:  Wire transfers are okay, although the banks are telling us to be careful with bank wires over a certain amount.  If you have a relationship with your banker, just let them know what the wire is for.  Bankers have told us that they will be checking to make sure it’s legit, especially if it’s outside your usual pattern, and that will slow it down.

Tony:  We were specifically told that if it’s over $500,000 in the first month, then they will look into it, and Homeland Security might be involved.

Caller:  So if I have to wire $300,000, will that affect my getting contract rates?

DC:  No.  The bankers have told us that if you look like a moron, you’ll be treated like one.  If you go in  like a professional, tell them that you want to pay off this and that, and you want their advice on the rest – especially if you will keep a percentage in you’re their bank – then they will offer you better rates.  So they won’t expect to keep all your money, but if you are within their individual criteria, then they will offer you contract rates.  The main thing is just to not be an idiot.

Tony:  The $7,000 cash has nothing to do with the contract rate.  You can ask for more, and they will order it for you.  They just don’t want the clients who want to take out 10K in cash every day.

Caller:  When you send out a tweet, can you send out an 800 number then?  Otherwise, everyone will be calling the banks during your call…

Tony:  When I send out a tweet, that goes out to 241,000 people, and each one will probably call or tweet another 4-5 people.  If they all call the big banks, then they created that situation.  I really don’t know what to tell you!  We were supposed to have seven days, then four days, now one call… we were supposed to have one 800 number and now it’s a separate number for each bank… I think it will be total chaos.

DC:  At $3.90, I think most people are not going to argue, they will just call the bank’s foreign currency department and get their appointment.

Caller:  I’ve had reserves for some time, and I regard them like stock options;  are those digital money, or does Sterling keep that money in their bank vault?

DC:  Several exchangers have your money physically in their vaults.  The majority of those who offer reserves are doing it through an insurance agent who have reserves in turn.  Many don’t have the physical currency. If the insurance agency is in Dubai, what do they care about an American with reserves? That’s why you have to be careful who you have your reserves with.  We’ve said this before – make sure your reserves are with one of the major exchangers.  Be cautious about who you do business with!

Tony: There are certain companies and people who promise you that you’ll go to the head of the line, but that is not going to happen.  They have a system or plan and will drag it out for days or weeks.  It’s the same with the groups – it’s just the reality of it.

Let me explain this thing again.  If we get the call, we are waiting for someone in the US to give us the call about what to do.  I’ll probably get the call from overseas first before it’s broadcast here.  Now that I know the numbers, do I tweet it out and let you know the RV is live and then I do a call in an hour or two hours?  Do you wait for the information, or start calling banks right away?  I don’t know if they will ask us to do the call in 15 minutes or at a certain time, and this is what we want you to say, here are the 800 numbers for each bank, or send them to this website… I don’t have the information on how they plan to do this.  I don’t know which option they are going to choose!

I will do what I’ve agreed to this, as smoothly as possible so everyone gets the information.  Everyone should be able to get an appointment and not have to wait on the first 10 or 20,000.  Do you want to be first?  You will have to negotiate your own contract rate.  Do you want to watch on Forex?  Lock it in with the exchangers instead of a bank appointment?  You should be working that out right now.  The rate is $3.90 in all the banks right now – is that what you want?  It could change in an hour, but that is the starting point right now.

702 caller:  We were talking to a few wealth managers and branch mangers at WF – they don’t know anything about the exchange, about sweep accounts or MCAs, they don’t even know about Dodd-Frank.  We were looking at each other, thinking “this is the tier 1 bank we want to put our money in??”  We did make one of the managers call about the dong, and it’s on restriction, and she can only give us the rate once the restrictions are lifted. Doesn’t that surprise you?

DC:  Not at all.  They have been told for years that dinar/dong is a scam, and the fact they don’t’ know is not surprising at all.  There is a Dallas location where they have done exchanges, and an acquaintance there is worth a lot of money – one of their wealthier clients.  I told him about the dinar, and he bought a little bit, and I know that one floor up they have been exchanging, but his manager doesn’t know a thing about it.  I don’t blame the big four banks for that – if I were those banks, I’d try to limit that information as well.

Caller:  I understand that, but they don’t know about the accounts or anything else.

DC:  The Multi-currency Accounts (MCA) is for those who do a lot of international business;  it’s a specialized product that is almost never used for business. They should know what Dodd-Frank is about. Those are basic banking regulations.

Tony:  The average bank manager doesn’t know any of that because it’s not their daily business.  Dodd-Frank regulations come from the top-down.  I mean no offence, but it’s just like the people who work at the Franchise Tax Board or the IRS – they have their niche and only know about that part of the work.  We have more knowledge than they do because we are working at a higher level. They are not investment bankers, they don’t know anything about Forex or sweep accounts because that’s not what they do.  Those are what make money for the banks, so don’t go in expecting to get a better interest rates because they make money off sweep accounts.  Just work your way up to a  higher level until you get someone who knows what you’re talking about.  Interview the wealth manager and see what they specialize in.  They assign your wealth manager based on the amount of money you have.  If you have less than a million, you will not get the people who know about these higher accounts.

DC: They put you in a section depending on how much you have.  There are only 1,800 billionaires in the entire world.  You’ve got to have over 25 million in investable assets before you get to that nosebleed section, and most banks might have one client at that level… if that.  We are talking about that likes it’s old hat, but there are very few people who know about some of these things.

Caller:  If the dong is internationally traded, can we just walk in without an appointment?

DC:  It depends. Most banks will want you to go through their foreign exchange department.

Tony:  Okay, we are done… just one hour.  We might have to do this again later on!

DC:  Everyone across the world is ready for this to go down;  we are just waiting on the announcement from Iraq.  DON’T CALL THE BANKS. They are waiting for transaction codes just like the rest of us.  It could happen in the next minute, the next day, the next few days.  Everyone is ready for this to go through. Things can change as they have in the past, so nobody go crazy buying reserves.  Let’s just sit tight and see how this works out.  You should be happy where you are at, we’ve all done enough.  Thank you all for putting up with a fast-talking Texan!

Pam:  Don’t panic – things will happen, anything can change, but you are prepared for it.  Take your time, and figure out what’s best for you.

Tony:  During some of today’s conversations, I was laughing at DC, not at the callers!  Everything is good;  we are just waiting for the green light.  Iraq has scheduled some announcements for today and tomorrow, and it could happen any time between today and Sunday. Decide right now:  if the rate comes out at $3,90, what am I going to do?  That is the plan I would be putting together right now.  Do I run in and try to get the contract rate?  Do I run in and get the international rate?  Do I wait and watch Forex, to see if the rate goes up? Do I go through the exchanger and set the rate I want to exchange at?  Do I want to pay one rate or a  percentage rate?  That’s what I would do this afternoon, mapping that out:  this is the bank I want to do business with and this is the level of support I want.  If you need to wash your hair or your clothes so that you look neat and businesslike, then do that this afternoon.  What questions do you need to ask, so that you make the right first impression?  You only get one change to make that first impression…

Thank you, hope to talk to you later today, be aware of the tweets, and if not, I’m sure we’ll talk over the weekend.  Enjoy your day! 

Keywords: cash sales dollar continuously .. no ceilings on the withdrawal of funds, 6 MARCH

BAGHDAD / Amer Mohi 
Denied the central bank, on Tuesday, he stopped selling the dollar, pointing out that the bank gave the green light to implement the project to delete the zeros from the currency, while stressing taken new measures to trading in dollars, expect a decision parliamentary finance committee return dinar to his strength, returned central decisions to " good "because it is a challenge of smuggling currency out of the country.
The decision of the parliamentary finance committee Ahmed Hama Rashid in the "long", that "the central bank's plan to abolish the daily auction of the coin and determine the amount of $ 75 million a day, is a good step to prevent foreign currency smuggling out of the country," noting that "the decision returned good easily neutralized through this period. " 

Rashid added by saying that "hard currency prices stabilized after a few days of taking the central bank's decision to cancel the daily auction, and that this contributed to the strengthening of the Iraqi dinar," expected "The coming days will witness the return of the dinar to strength again." 

He stressed that "a meeting between the parliamentary Finance Committee and the Central Bank and has been discussed many issues, including the issue of the daily auction of the coin and the strengthening of the Iraqi currency," pointing to "the formation of a small committee temporarily inside the Finance Committee to discuss the latest developments with the Central Bank by hosting maintain the relationship." .
The governor of the bank on the Keywords during a press conference, held in the bank building area Jadiriya in Baghdad, said that "the central bank went to the new mechanisms on the sale of currency window after studying extensively formerly followed which affected one way or another on the market because they carry a lot of problems, including money laundering, "pointing out that" the mechanism used currently maintain a market economy, as well as support for the dollar exchange rate against the dinar by linking foreign remittances through the financial deposit paid by the dealer before buying the goods are placed in banks abroad and thus not join inconsistencies in dollars, and the entry of the goods entirely according to invoices submitted. "
He added that the relationship "cash sales of dollars by selling the currency continuous window and there is no interruption, but it will be in a new way and there are no limits to the amounts for those wishing to obtain the dollar." 

On the other hand pointed Keywords that "heading the bank is real and effective support of private banks in Iraq by persuading the government to develop a financial deposit in those banks as well as dealing with the outgoing ones in the state departments of all instruments", noting that "the bank is considering now deposit law is now under preparation and if completed it during the next few days will pay to the House of Representatives for approval. "
Keywords that "revealed an ongoing process to delete the zeros of the currency has not canceled but is now in preparation and study the subject and to say the least over the next three years, largely will be worked out because this is an important administrative and financial operations can not rush it." 

For his part, said an expert on economic affairs Majid picture in an interview for the "long", that "the abolition of currency auction came to the goal of the organization of the currency sale in the market, especially after the great smuggling currency out of the country after the opening of the auction on a daily basis," noting that "the basic problem is the development of paragraph in the federal budget to determine the dollar selling in the daily auction of the Central Bank, "stressing that" the CBI plans are good for organizing the sale of hard currency for the market. "
He added that the picture of "the existence of hard currency by more than 150% of the local currency exporting is good and indicates that Iraq will not suffer from a lack of hard currency," noting that "the presence of large amounts of dollar strengthens the dinar against the dollar and regulates the sale of currency process." The Central Bank of Iraq, denied, on Tuesday, closing window sell the currency, said "take new mechanisms to sell the dollar." 

Parliamentary Finance Committee held (March 2, 2015) meeting with the Governor of the Central Bank and the Agency on the Keywords and director of TBI Hamdiya dry to discuss the financial situation and the issue of transfer of funds from the commercial bank to Kurdistan without collateral.
Confirmed the parliamentary finance committee member Majda al-Tamimi (February 2, 2015) that the rise in the dollar exchange rate "will not last long", and demanded that the central bank using monetary tools to control the market. 

She added that "the Commission predicted rise in the dollar exchange rate against the dinar, when the roof identified 75 million dollars for the auction of the Central Bank, the General Budget Law, while not confirmed the continuation of the long rally, called for the central bank using monetary tools to control the market.
The MP Magda al-Tamimi said that "the Parliamentary Finance Committee predicted a rise in the dollar's exchange rate against the dinar, when identified ceiling 75 million dollars for the auction of the Central Bank, the General Budget Law," noting that "such a paragraph came because the Iraqi central bank sales were between 200 to 250 million dollars a day, which led to the depletion of the country's hard currency reserves and low of 77 to 67 billion dollars or less. LINK

FRANK26 UPDATE & TLAR CHAT DISCUSSION: "Very Few Articles Support A Float", 6 MARCH

KTFA:

Frank26:   The majority of steps taken on the sands of Iraq are followed by a squishing sound made by Oil squirting from under their shoes.

The air is permeated with a foul yet ambrosia smell of oil profits....... Soon for not just the GOICBI but for The Citizens as well ...... LAWS.

This taste/smell of Oil is soaked into their clothes .... Food .... Animals..... Homes..... Lives.

The Oil is in their BLOOD.
....
Because it enters their bodies via skin pores and breathing along with eating.

They tolerate this Power.

They know the world is made of and runs on Oil.

i ......... Have been meaning to recognize BACKDOC's Gold concepts because IOO he is with Truth.

But may i add to his post:

The Slate of Math in the Budget was recently cleared........... Because Iraq is about to become a ........... BLOOD DONOR.

To the dying economic world ........ To a Coalition within a Basket.

There is an unseen Code of Honor here.

As for the 8th?

Nope.

More so a week after that.

KTFA, Frank ………….They work well with all Provinces .... With all Their Oil!!!


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TLAR CHAT DISCUSSION 

Tlar:  “Very, very few articles coming out (that) support a float” 

(More Tlar comments below)

General Discussion Posts > Expert

Delete The Zeros Supports The National Currency And Reduce Inflation In The Country

Brule:    Peace Sumaisem: introducing the subject of lifting the zeros from the Iraqi currency

OCTOBER 13, 2010 

Said an economic expert Sumaisem peace that talk about the lifting of the zeroes from the Iraqi currency always appear whenever there is apolitical crisis in the country and was intended to occupy public opinion.
~~~

She Sumaisem in connection with the independent press (Iba), experts of the Central Bank confirmed that there is a project to raise zeros will be put to the House of Representatives, saying the reference afterthought, but when the House of Representatives held its first session and remains open indefinitely.

 She noted that the process of changing the currency to be incurred to the state treasury more money available to replace the currency in a time when next year’s budget deficit of up to $ 11 billion, according

Brule:   I haven't found past comments or indications in any article as to how the Dr. feels regarding revaluation, but she most certainly does have the credentials and experience to have more than a full grip on a revaluation.

 Her vitae is here:
  http://iraqieconomists.net/ar/wp-content/uploads/sites/2/2013/04/DrSalamSmeisimCV.pdf

After reading her resume, her 1:1 looks like a current, solid prognosis to me.

NCtallguy:   Kap, I highly doubt you're reading this but somewhere in the "project" there will be an overnight increase in the value of the dinar. We will go to bed at one rate and the next day the rate will be higher.

Will someone with nothing better to do do the math on 1166 rising by 2% then 90 days later 1166 plus the 2% increase rising another 2% and so on, and so on til the dinar is now equaling a dollar. that would tell us just how long using kap's theory it would take.

Tlar:      Kap said the following...   delete the zeros is the name for a project, not a single event. If you look at that way..you will realize this is not an overnight RV or some other action..it is a process..and the goal is 1 to $1. The dinar will rise gradually over a period of 2 years or more as stated..with the end result a new currency without the zeros.

Tlar:     He is correct in that delete the zeros is the name of this project.  He is wrong in that it is an event and is an overnight RV at some level.  He is right in that it is a process.

He missed the boat altogether thinking that the two years stated has anything at all to do with the length of time it will take the dinar to gradually appreciate to a dollar.   This was not a reference to support the float.

Quite simply this was a reference to both currencies circulating for two years at the same time which tells us that the only way both currencies could circulate is for the lower denoms to have been released.  To try to connect it to a float scenario to prove it supports a float is ridiculous at best.

The only way the lower denoms could be released is with an immediate increase in value high enough to warrant their release.  Catch 22 Kap.  How  many times has the CBI told us that both currencies will circulate for two years since 2010, 15, 20?

Very, very few articles coming out support a float.  More and more continue to support an immediate rate change in value which at almost any rate kills your float theory starting at 1166 as you have stated.

 A good question was asked earlier by someone on this site.  Why would they want to bring out a currency at less than its true value.  Quite simply they would not. 
Tlar Continues:  So now with the government firmly behind this project and Maliki not being able to stop or threaten the project or the people at the CBI as he did when he was PM, and with the fundamentals being at least 3x's better than they were in 2008 when the strategic study said that they could support an immediate increase of 1.13 to 1, I ask again, why in the world would they want to start the currency at 1166? 

I can give you 20 good reasons why they would not, starting with it could potentially damage an already fragile economy struggling to recover.    tlar

mystic137:    great synopsis Tlar.....and someone here also said...if they were going to start at 1166 and rise gradually.....why would they not have started this already....that would be easy to do....

what would they be waiting for if it was as simple as starting to float upwards

everything getting lined up properly (to get it right the first time) seems to suggest a singular event.... (staged rate and then float....or some version like that

ZIMBABWE SITUATION NEWS:IMF ready to finance Zim, 6 MARCH

THE International Monetary Fund (IMF) says it is ready to help Zimbabwe financially once the country shows commitment to clear its arrears to multilateral and bilateral financial institutions, head of mission and assistant director Domenico Fanizza told Parliament yesterday.
Fanizza said it was essential for Zimbabwe to improve its capacity to repay loans and implement favourable economic policies on its path to re-engagement with international financial institutions.
“Once arrears with World Bank, African Development Bank and IMF are cleared, and necessary steps towards re-engagement taken, then we can think of financial arrangements with IMF and Zimbabwe can think of requesting rescheduling of financial relations with donors through the Paris Club,” Fanizza said.
The debt to these institutions is over $1,2 billion.
The IMF boss and his team had appeared before the Parliamentary Portfolio Committee on Finance and Economic Development chaired by Mutoko South MP David Chapfika to discuss the first review under the IMF-supervised economic reform plan, the Staff-Monitored Programme (SMP).
SMP’s objectives are to look at whether policies that government has implemented in the past 12 months were consistent with what was agreed in the staff monitoring programme so as to submit a report to Washington after the review.
“That would happen only after the programme is successfully completed and once the arrears are cleared, and that is the path the Zimbabwean government has decided to take – it is a difficult path, but worthwhile because we do not believe the deep seated problems in Zimbabwe can be addressed without financial support and the international community,” Fanizza said.
He added: “We believe time has come for Zimbabwe to turn the page and gain access to financial support of the international community. It is more than 15 years since Zimbabwe has been cut off from the support. It is important to show you are willing to collaborate with creditors, showing that you now have the capacity to implement key economic reforms that would allow the country to qualify for international financial support.”
Mbire MP David Butau asked Fanizza to explain why Greece’s indebtedness was worse off than Zimbabwe at 112 billion euros and yet IMF continued to support them financially.
Fanizza said it was because Zimbabwe had debt bills of $1,2 billion and did not show any commitment towards paying or discussing the situation. He said Greece had a different situation and had paid its arrears.
Zimbabwe has a total external debt of over $9 billion and requires lines of credit to help rebuild the economy.
Fanizza said it was important to clean up the Reserve Bank of Zimbabwe balance sheet and recapitalise it in order to normalise the financial sector.
He said there was need for indigenisation policy reforms, financial sector reforms and reforms in the way to do business in order to get to a point where they could work as a partnership in addressing the structural weaknesses of implementing reforms so that the IMF can give financial support.
“We believe the driving seat is yours and you have to decide the policy reforms. The key issues that need to be tackled are the cost of doing business, the general business climate conducive to entrepreneurs, and that means improving infrastructure,” Fanizza said.

ADAM MONTANA, MAILMAN17, TLAR & ENORRSTE UPDATES, 6 MARCH

3-6-15 Adam Montana: [If Iraq is going to rv, ri or whatever...AND...the CBI is going to take the 50 dinar notes out of the equation during the two month period of March 1 to April 30 - why should we expect anything to happen before those said 50 dinar notes are out of circulation?] Don't let them fool you. They will move the rate whenever they think it is best for them, and the best time could certainly be when everyone thinks it would be hardest... like right now, in the middle of a 50-note test. 
3-6-15 Mailman17: ONE OF MY CLOSEST CONTACTS AND A LONG TIME FRIEND WHO I WILL CALL BUBBA FOR NOW...HAS ALSO GONE OVER THE RECENT NEWS AND ARTICLES ESPECIALLY CBI ARTICLES AND WE BOTH CONCUR THAT THE CBI WOULD NEVER HAVE LET THE CAT OUT OF THE BAG AND TELL US IN SHORT THEIR INTENTIONS. THEY ARE READY TO IMPLEMENT ALL MONETARY AND ECONOMIC REFORMS THAT THEY HAS BEEN WORKING ON FOR YEARS AND ACCELERATED SINCE ABADI TOOK OFFICE. IMPLEMENT...NOT PLAN, NOT LOOK AT...NOT LOOKEY SEE, TALK ABOUT OVER COFFEE...BUT IMPLEMENT...ACTIVATE....MAKE IT HAPPEN...NOW. THE NEXT FEW DAYS SHOULD BE VERY INTERESTING. 

3-6-15 Tlar: Article quote: "Sumaisem said, in a statement to "Ein Iraq News", "delete the zeros includes two basic objectives", "the deletion of zeros", and the "restructuring of the Iraqi currency", The article implies that the zeros that are being deleted are not the zeros on the currency.  She reiterates that they are going to "delete the zeros" and then "restructure the currency". If this was a move to lop she would definitely have stated it differently. She might have said something like we are going to delete the zeros off the currency.

It is understood that if you delete the "leading" zeros off the nominal rate, that it follows you would have to restructure the currency. Phrasing here is very important as it allows us to see inside the project exactly what they are going to do. Of course this assumes she is an insider with accurate information. The way she phrased it, it is an RV only. If it were a float only, again she would have phrased it differently maybe saying something like the intentions are to allow the currency to get to a dollar and when it does we will restructure the currency.  She certainly thinks and talks like she is an insider with accurate knowledge of the project, but the question remains she is privy to the actual rate or is just stating this because it has a long time goal of Shabibi's. 
3-6-15 Enorrste: Article quote: "... confirmed an economic expert d. Peace Sumaisem, on Thursday, on the importance of the subject of the deletion of zeros from the Iraqi dinar, considering it as a support of the national currency, and a reduction of inflation in the country.  Sumaisem said, in a statement to "Ein Iraq News", "delete the zeros includes two basic objectives, the deletion of zeros, and the restructuring of the Iraqi currency, instead of the $ 100 equals 120 000 Iraqi dinars, after deleting three zeros become a $ 100 equals 100 Iraqi dinars, which is equal to the dollar and the dinar This means strengthening the Iraqi currency." I really get disgusted at the "economic experts" who still don't understand the process. It is a process, not an event...the process involves a change in the exchange rate regime rather than a LOP or an RV.

DINAR IRAQ & DONG VIETNAM UPDATE, 6 MARCH

DINAR IRAQ & DONG VIETNAM :Abadi has done a great job in turning the country in the right direction. It is my belief we will see currency change shortly or the country will financially implode.
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NO WHERE IN HISTORY HAS A NATION RELEASED THEIR NEW DENOMS ONE BY ONE…EVER. THE SMALLS WILL COME OUT TOGETHER INCLUDING THE FILS AND 10 CENTS IS NOT AN OPTION IMO. AS FAR AS THE 50 DINAR NOTE IS CONCERNED…ASSUMING THEY GET A RATE OUT WITHIN THE NEXT WEEK OR AT LEAST WITHIN THE SUPPOSED 60 DAY MARK, I DO NOT SEE CASHING THEM IN AT YOUR LOCAL BANK WILL BE A PROBLEM…ON PAR HAS ALWAYS BEEN THE PLAN FROM DAY ONE.
WHEN AND IF THE BUDGET IS TRULY RELEASED, AND FUNDS ARE ALLOCATED, TEN CENTS AND A FLOAT WILL NOT SUFFICE. THEY NEED TO COME OUT STRONG. NOW, IF THEY WANT TO GO BY THEIR ORIGINAL PLAN AND MANAGE A FLOAT FROM A 1-1…THAT IS VERY POSSIBLE. IRAQ HAS A GREEN LIGHT AND I SEE THEM LAYING RUBBER WITH THEIR ECONOMIC AND MONETARY PROBLEMS IN THEIR REAR VIEW MIRROR
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[Q. Once currency is international, won't most banks exchange it?]
A. Once the currency is international, you are correct, most major banks will be exchanging it.
[Q. Is there a scenario, in your opinion, where Iraq would NOT honour any dinar outside of their country?]
A. Yes, but it’s more complicated than that. Iraq doesn’t actually do business “outside” of their country. Every exchange happens at the head desk of the CBI. If they want to move up in the world, they will raise their exchange rate and start doing business with the major world banks.

******
HCL IS FINISHED AND IN THE BUDGET…THE BUDGET IS PUBLISHED IN THE GAZETTE …THERE ARE 50 PAGES PUBLISHED INCLUDING GRAPHS AND CHARTS. …10 – 30 CENTS WILL NOT WORK…COMMON SENSE DOES NOT WASH WITH THOSE NUMBERS. WHEN THE BANKING SYSTEM GOES LIVE IT GOES EVERY WHERE, THERE CAN BE NO PRICE FOR THIS HERE AND PRICE FOR THAT THERE, IT JUST DOESN’T WORK. …ARTICLE WE SAW LAST NIGHT…THE CBI SAYS THE DINAR WILL RISE TO STRENGTH IN THE COMING DAYS AND I THINK WE ARE EVER CLOSER TO THIS HAPPENING. THIS IS A COUNTRY REBUILDING ITSELF FROM DUST, THIS IS A CURRENCY COMING OUT WITH SOME HEAVY RESPONSIBILITY…THINGS ARE MOVING VERY NICELY. IN TWO OCCASIONS THE GOI AND THE CBI HAVE TOLD US IN THE COMING DAYS IRAQ WILL RISE.
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VietNamNet Bridge – Nation should stop sacrificing its growth rate for stabilising the economy, Tran Hoang Ngan with the National Advisory Council on Monetary and Financial Policies, tells Viet Nam Economic Times.
2014 was the first time in three years Viet Nam achieved its GDP goal. What are your comments on this success?
In my opinion, it is notable. It shows that our economy is on the road to recovery. In 2012, our growth rate was 5.25 per cent. In 2013 it was 5.42 per cent, and in 2014 it was 5.9 per cent, compared with the set target of 5.8 per cent. However, if we look at the country's growth rate over the past four years, in the context of our natural resources, a population of 90 million people who are intelligent and hard working, and stable policies, a growth rate of less than 5.7 per cent should be considered beneath our potential.
In the last four years, we have had to sacrifice our high growth rate for macroeconomic stabilisation and inflation control. But now our economy has evolved, and it is high time for us to stop sacrificing. The 5.7 per cent growth rate and maintaining a low inflation rate during the past three years have helped raise Viet Nam's international prestige. For 2015, Viet Nam set a growth rate of 6.2 per cent. In my opinion, this goal is doable. However, the growth rate is expected to possibly reach 6.5 per cent, on the grounds that we still have a lot of potential for development.
Do you think the high growth rate could upset the stable macro economy we have tried so hard to maintain over the last four years?
Since 2012, we have been successful in capping inflation. In 2012, the inflation rate was 6.81 per cent. In 2013 it was 6.04 per cent. In 2014 it dropped to 1.84 per cent. However, for 2015, the Government set the inflation rate at about 5 per cent. In my opinion, the rate should be between 5 and 6 per cent this year, so we can support our development. After reviewing Viet Nam's socio-economic development in the past 30 years, I can say an inflation rate between 5 and 7 per cent is appropriate for us. That inflation rate, on the one hand, will help our economic development. On the other, it will help us stabilise our macro economy.
Don't you think a high goal for our economic growth rate could have a negative impact on our economic restructuring process?
I couldn't agree more. There are quite a few weak things happening in the ongoing economic restructuring process. However, promoting a high economic growth rate and economic restructuring always accompany each other, despite some constraints. Yet, I should say, certain successes were achieved in the past few years. For example, in the public investment sector, fragmented investment, waste and the Incremental Capital Output Ratio (ICOR) dropped to 5.03 in 2014 from 6.2 per cent in 2010. I'm confident that when the new Law on Public Investment goes into effect this year, the picture for our public investment sector will look brighter.
During the process of restructuring our State-owned enterprises (SOEs), more than 140 SOEs have been equitised. Meanwhile, commercial bank restructuring has been on the right track, and we have been handling bad debt well. This offers a solid foundation for Viet Nam to achieve a high economic growth rate.
Do you have any worries about the economy?
What worries me about our economy is if we should continue to open it up or if should we stop. There are signs that the world economy is being restored, but it's a slow process. On the other hand, there appear to be many complicated issues in the world that might threaten global economic development. Meanwhile, our trade is quite open, so it's very possible that negative things happening in the world could have an impact on our economy.
In light of all this, I suggest we be cautious. It is projected that in 2015, we will achieve an export turnover of $148 billion and import turnover of $146.5 billion. So our import-export turnover will be about $294 billion, compared with our total GDP of $200 billion. In other words, our economy will be about 47 per cent open. If our economy continues to become more open, our enterprises will face more difficulties, as their competitiveness is still low. This is a factor that will prevent our economy from developing in a sustainable manner.