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DINARESGURUS.BLOGSPOT.COM_________________ _______

Thursday, May 7, 2015

S3A & TNT CHATS UPDATE, 7 MAY

S3A :



  • Need for special holiday is now lets all be friends RECONCILLIATION COMING NEXT YOUR CURRENCY EXCHANGE

KThompson May 7, 2015 at 10:01pm On big call bruce just said he has got several confirmations that iraq rv'd yesterday and showing internationally in asia and a few other areas. Could see it in usa tomorrow. We will see.

Myrna :Listening to Bruce -the big call and he stopped to get a call when he came back he stated the RV happened in Iraq yesterday and it is live in london and Asia he said it is confirm has anybody heard anything about this ….no tweet from tnt or any of the other intel …this just happened thanks

NewEarthNow Anyone who has listened to Bruce for a long time, has he ever said anything like this before? Thanks!

D.K.C.
 I havn’t heard him say anything like this before


R.V. / GCR I do not believe we will see Monday without first an Rv

****

TNT : 

gswoo13 wrote
5m ago
BJ said his banker sent him a cryptic message and feels this is happening sooner than we think. He was very optimistic. And i  Skidaddy's news :Hey guys- one of my friends that I got invested just called me and said one of his friends MOm who he got invested got a call from her banker from one of the big three and said that the IQN was on her computer screen at $3.39!!!!!

MNT. GOAT UPDATE :"Confirmation After Confirmation – WOW!" , 7 MAY

UU5510 – "Confirmation After Confirmation – WOW!"  by Mnt Goat

Hello Everyone,

Spring is in full bloom in Bavaria. We are gearing up for the onslaught of tourists that come each summer to our region. I can’t say I blame them for it is one of the nicest places on the planet.

Yesterday my daughters and I went for one of our wonderful long walks. We hiked up our favorite mountain trail. There we witnessed many wonders of springtime in the Alpine meadows as we sat, felt the cool mountain breezes, ate our picnic lunch and overlooked the village below.

The news is just pouring out of Iraq and it is all good and much in our favor that something is brewing in this RV saga. Yes -  it is heating up. I am very excited! You should be too..

Today’s News
Today is Wednesday May 6th and all I have to say is TIC TOC, TIC TOC.

It is now only 3 weeks until June . Will this go until June/July. Yes and the news is telling us it most likely will- no hype, no guessing.

Today’s news is full of confirmations that yet again we are on the right track for an early summer timeframe. Maybe a very good timeframe to the see the RV?

Remember one thing I never said it was going to RV in June or July. I am not setting a date but I am saying Iraq needs to address demands made by the USA prior to any RV and honestly I do not see any chance of this completing until the June/July timeframe.

There are many other conditions too I am not bringing you today since if you are keeping up with your reading I already mentioned them in two of my last posts. Please go back and read them for I can not keep repeating myself over and over again. Here is some brand new excellent news today on this topic.

So let’s get on with today’s news since this news is factual and is reality.

[More on the new 50 and 100 thousand notes]

Yet another article pops out this week on the printing and issuing of the 50,000 and 100,000 dinar notes. This is very note worthy (no pun intended….lol…) since remember the last time Dr Shabibi wanted to RV in 2012 the same rhetoric came out about issuing these two denominations. Now we have seen just recently many articles once again informing us about the notes.  Folks they intend to print and issue these notes. Can you see a pattern here? Why now?

Remember I said these notes are for very large interbank transactions and large purchases and will eliminate having to carry around suitcases of the lower denominations (5,10,20,100,etc) once the new lower denoms are a issued and the RV pops. They are a necessity and an integral part of the plan to RV.

In this article the CBI is also telling us they had to wait to continue the “project to delete the zeros” until due to getting these notes approved, printed and issued. It is all good news for us. Will they now continue aggressively with the project to delete the zeros? Let’s wait and look for more news in the coming days on this topic.

It looks like for some reason they intend to hold off on the 100,000 note for now until further notice. My guess is because to would be too easy to smuggle money out of the country using these very large notes.

Article follows:

CENTRAL BANK OF IRAQ TO PRINT 50 000 DINARS CURRENCY     
________________________________________

http://english.shafaaq.com/business/14240-central-bank-of-iraq-to-print-50-000-dinars-currency.html

Shafaq News / The parliamentary economic and investment commission said that the Central Bank of Iraq (CBI) cannot delete the zeros due to the unstable economic situation,
as pointed out that the bank will solve these problems and will print a new financial banknotes worth 50 000 dinars.

“The commission hosted the CBI director , Ali al-Alaq and they discussed issues concerning the provision of liquidity and increase demand for the dollar as well as the disparity in the exchange rate,” The commission’s member , Methaq Hamdi, stated in an interview for Shafaq News.

Hamdi said that al-Alaq is regarding these issues, as a new financial banknote of 50 000 dinars will be printed , indicating that the Bank delayed printing 100 000 dinars further.
________________________________________

Opps here is another article on the same topic of the 50,000 notes so we know this topic is HOT and it very important. You can almost read their minds……lol.

In this article they are telling us a couple more important points:
1)that this project is part of the reforms that support the economic side in Iraq
2) some fear that the issuance of these large denominations may cause future inflation due to the introduction of new monetary categories. The goodie part of the article says “ stressing that do not impact directly on the citizen” and “it will improves the efficiency of the payments system is in the interest of the country economically, especially in light of the circumstances that are currently going through”.
So now they confirmed for us that these large 50,000 and 100,000 are in fact not for general use by the citizens, as I have stated above. S oif you don’t believe go read the below article for yourself…lol….Also they are NOT going to lop the zero off these large notes. Why would they since the purpose of them is to maintain them as part of their currency going forward. I know many intel providers differ with me on this point but it does not even make any sense. Again they are simply putting out garbage intel to you. READ THE  ARTICLES ! Does it sound like they are going to lop these?

Article follows:

WIDE ACCEPTANCE FOR THE ISSUANCE OF LARGE CASH CATEGORIES      

________________________________________

http://www.alsabaah.iq/ArticleShow.aspx?ID=92340

Excluding impact on the purchasing power of
Baghdad - the joy of pumice

Met project printing large cash categories by the Central Bank acclaimed by experts in the economy, Adin him part of the monetary reforms that support the country's economy.The Governor of the Central Bank had announced during Tadhaifa by the economic and investment commission in Parliament yesterday that the bank in the process of printing new financial category value of 50 000 dinars to enhance the efficiency of the payments system.

The Economic expert d. The appearance of Mohammed in favor of this approach, noting that the country needs large cash price categories because of the configuration in Iraq, as it is dealt format (10) 12, any deal trillions, as well as handle very large blocks of cash in the country any cash payments represented more than monetary instruments and cards and electronic payment. According to Saleh in his statement the "morning" that these trends are not related to monetary policy, but rather to increase the efficiency of the payments system management (cash management policy), where he will be short of money amounts, especially as the large categories account for 90 percent of the money supply in circulation.

He said the way Ask these large groups, saying it is asking the same monthly amount of the money supply to the market, but in different categories, either small groups or large, and not increase the amount of the original, considering that this project is part of the reforms that support the economic side in Iraq.

As for some fear of causing in the case of inflation due to the introduction of new monetary categories, Fastbad favor of it, explaining that the central bank "does not lend" the government, either in the event of lending it to the government and the issuance of large cash categories of possible inflation caused deterioration in prices, as the country is suffering from contraction in liquidity for the currencies of the dinar and the dollar, especially as the currency bloc in Iraq less than 40 trillion Danar.otsud beliefs in the community impact of printed denominations in purchasing power and rising commodity and freight rates, but the observers and specialists economists refuted these beliefs, stressing that do not impact directly on the citizen in it, but improves the efficiency of the payments system is in the interest of the country economically, especially in light of the circumstances that are currently going through.
[Oil and Gas Law]
So out pops another good article this week about HCL. Remember I told you that Iraq must distribute the funds now to the citizens now that the HCL law is all done, and I mean DONE !

There are many parts to the law and one of the parts the USA needs to see is the distribution of the excess oil revenues to the citizens. Sure the Kurds go their 17% but was any of it distributed to the people as of yet.

This is very important and is another part of fully implementing their constitution. So this week we see another  article now from Kurdistan telling they are working on legislation through their government on how to do this allocation and how they plan to legislate other parts of the HCL in their provinces.
Remember Kurdistan operates also like an independent state outside of the Baghdad government. This following article is a bit late but nonetheless we got the positive confirmation now.

Remember last week we read that they intend to pay out to the citizens sometime in June and July timeframe for the very first time since the war. This was amazing news. This is what the UN and the USA need to see prior to any RV.

So now if you don’t believe that HCL has been done, is done, I have no hope for you…lol…..

Article follows:

BARZANI SIGNS OIL AND GAS INCOME FUND BILL     

________________________________________

http://www.basnews.com/en/economy/2015/05/04/barzani-to-sign-oil-and-gas-income-fund-bill/
ERBIL

The Kurdistan Region President Massoud Barzani signed a bill outlining an oil and gas income fund, last Thursday 30th April.

The Kurdistan Region Parliament released a statement which declares that the bill was passed on 1st April and the draft delivered to President Barzani for further consideration.

“The Kurdistan Region President signed the bill on April 30th,” read the statement.

The bill consists of 16 articles which aim for increased transparency and development in the Kurdistan Region’s oil and gas policies.

The Kurdistan Regional Government (KRG) launched oil exports a few years ago, creating disputes and tension between Erbil and Baghdad as the Iraqi central government cut the KRG’s share of budget.

________________________________________

[CBI Independence]

Okay so do you remember I told you a few news letters ago that one condition that Dr Shabibi put to Abadi if he was going to come back to fully run the CBI was have total autonomy and no more interference from the GOI?

So when I heard they finally are putting a law in place (no more trusting nice guy stuff as before with Maliki) to prevent possible takeovers and interference in CBI and banking policies administered I jumped for joy.

Maybe the GOI learning its lesson too with the economic liquidity problem? If Dr Shabibi had been fully at the helm I do not believe this would have occurred. So now he is standing firm on his promise and the GOI also is standing firm on their promise and giving him what he needs.

Do you think maybe Dr Shabibi is doing some negotiating too on the RV and telling them NO RV unless I can manage it my way? Gotta luv it !

Article follows:

PARLIAMENTARY FINANCE: DOLLAR CRISIS BE RESOLVED THROUGH THE AMENDMENT OF THE CENTRAL BANK LAW    
________________________________________

http://www.alqurtasnews.com/news/99207/المالية-النيابية-حل-أزمة-الدولار-تتم-عبر/ar
I know it's about more laws but I like this lady.
Qurtas News / Baghdad
Announced the parliamentary finance committee member Majda al-Tamimi, Monday, that the solution to the dollar crisis is not until after the amendment of the Central Bank Law.

He said al-Tamimi told the "Qurtas News" that "the crisis relating to the market, especially with the rise of the dollar against the dinar as well as financial liquidity, can not be controlled, but to amend the Central Bank of Iraq Law No. 94 of 2004 and in harmony with the stage Wares of the country".
It added that "the Committee supports the central bank to amend the new law, which is now in the Council of State and we are waiting send it to us for discussion and reading in the House of Representatives."

She pointed out that "the adoption of the amendment to the Law of the Central Bank will make him independent of the government in his administration," indicating that "the economic problems began Ttrutb result of a law conflicts with a lot of economic and financial aspects that have been developed in Iraq."

It is noteworthy that the Iraqi banking system Atkn of 54 banks, including seven state banks Islamist, one of them newly established, as well as 23 commercial banks special distributed by nine Islamic banks, and there are also 15 branches of foreign banks, and there are many institutions that do some banking business, including 34 money transfer and nearly 200 belonging to the banks foreign exchange company or dealing with banks with loan guarantee company and to finance small and medium enterprises with two companies for services of electronic banking and smart card company, in addition to nearly 800 branch subsidiary banks and distributed all over the governorates of Iraq.

________________________________________

It is all coming together nicely! I hope this news letter today was useful.

It is funny now how after so many years of reading articles and watching how Iraq works, I can almost predict their next step. So if I believed an RV was imminent I would definitely know and tell you. But I can see it happening in the not too far out future.

I hope everyone reading this news letter today decides to continue to read them since they are a continuing sage.

There are other sources of good information too and I hope everyone will also continue to read the articles even though I do not mention them in my news. I am trying to lead you to see that the news does tell it all. You just have to take the time to read it carefully and take off your RV hype hat.

Peace and Luv To Ya All, 
Mnt Goat

TNT CHAT UPDATE, 7 MAY

TNT:

IvanTulafitov :  Breaking News …Bruce on Big Call getting phone confirmation of RV in Iraq yesterday- Wednesday

Carter:  Yes I was listening to the big call to and Bruce did say that Iraq did RV yesterday

LadyB22
: Bruce just said it is moving east to west. May hit us at 9 in the morning. He is a Tony/DC fan and said we will learn from them tomorrow.


Ingenious1:  He said he thinks its making its way to us since Asian markets open before us

NW:  I just heard Bruce say it again!!! I PRAY that it is true and that it lands in the U.S. next!!!

MrMyagi:  He said rates were live in Asia, Great Britain, and others

( Note: when received, we will make a new post with The Big Call recording link.)
LadyB22 :Bruce said they tried to put dong through at .47 and it did not go through.

IvanTulafitov : bruce on big call saing he getting confirmation of RV in Iraq and some international screens BUT we do NOT se it here yet

MrMiyagi  RayRen came in OM and was very excited...evidently he had not heard of any stoppages on the latest try

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

Iko Ward :  ...Ok guys, why do YOU think the Dong has not traded these past nine days?

Tbirdd : ..Iko----i dont pretend to know how forex works-----but i understand VN--dong is working to become Mirror Image of Iraq--dinar..... idk......IKO------maybe theyre still working out the FINal numbers.... trying to get to a Value... (?)

dutchie : ...Iko , I know, because on the tenth day it revalued?

***********

UKmtb:  Doesn't look as though the US has backed off yet... let's hope someone sees sense very soon and Iraq can take their place on the world stage.

Don:
  Either USA Corp allows this to happen or Russia, China and Iraq will MAKE it happen on their Plan B detour around USA Corp


Don:  http://www.zerohedge.com/news/2015-05-07/global-bond-rout-sends-futures-tumbling-bund-has-sharpest-two-week-selloff-history

[lowkey325] Just received info from a realtor that owns a lot of dinar. She has never called concerning dinar until today. She said the rate was high 4 and dong over 2 …anyone else caught wind of this?

[lowkey325] She has been in this for a while all of her dinar was purchase from a bank

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

Blackjack7 :Doing well and feeling well it's a good day for an RV wouldn't you say

gswoo13 :Yes BJ indeed....does your banker friend feel the SAME?

Blackjack7 :I got a cryptic text from him earlier...all is good...that was it...could be something on the very near horizon

Blackjack7 : there are way to many positive things happening for us to not be truly in the moment

Blackjack7 :I think about how long this has taken and everything that needed to be done...honestly I believe since the new PM has taken office he has done miraculous things in a very short amount of time.

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

GSwoo13:
  BJ said his banker sent him a cryptic message and feels this is happening sooner than we think. He was very optimistic. And i Skidaddy's news :Hey guys- one of my friends that I got invested just called me and said one of his friends Mom who he got invested got a call from her banker from one of the big three and said that the IQN was on her computer screen at $3.39!!!!

MY LADIES AND NOVA UPDATE, 7 MAY

MY LADIES:  GOOD THURSDAY AFTERNOON EVERYONE. OUR APOLOGIES FOR NOT POSTING BUT EVER SINCE THE SPRING IMF MEETINGS NOVA AND I HAVE SHIFTED OUR FOCUS TO THE IMPENDING NEW BANKING SYSTEM.

WE HAVE COME TO REALIZE THAT IRAQ IS NOT THE CENTER OF ANYTHING BUT RATHER JUST ONE MORE PUZZLE PIECE.

WE HAVE STOPPED FOLLOWING IRAQ AND THE GOI FOR GOOD. I DON’T EVEN WANT TO HAVE ANY POSTINGS OF IRAQ IN OUR ROOM UNLESS IT IS THE CBI TALKING DIRECTLY. WHAT WE ARE STUDYING IS SO MUCH MORE EXCITING AND HAPPENING RIGHT NOW!

HERE IS THE LINK NOVA AND I RECORDED ONE OF OUR BRAINSTORMING CONVERSATIONS AND IT IS FULL OF A HA MOMENTS. SO GET COMFY AND LISTEN AND ENJOY.

https://www.freeconferencecallhd.com/playback2/?n=DnyJW/drAXg

OR YOU CAN DIAL IN 712-775-7039 / 637708#
....
I’M GOING TO SUM OF THE CALL, WE TOUCHED ON SOME OF THE THINGS HAPPENING IN IRAQ BUT THESE THINGS DO NOT DESERVE ALL THE SENSATIONALISM DINAR LAND IS GIVING THEM. LET’S COVER A FEW FACTS FOR EVERYONE;

1)        THE CBI HAS VERY CLEARLY SAID THEY WILL BE INTRODUCING THE NEW 50,000. NOTE. THIS IS NOT A COIN OR A MISPRINT OR ANY SUCH THING THEY HAVE EVEN GONE SO FAR AS TO DESCRIBE THE TREES AND SUCH THAT WILL BE ON IT. ALI MOSHEN ISMAIL CURRENT GOVERNOR OF THE CENTRAL BANK MET WITH THE PARLIAMENTARY FINANCE COMMITTEE LAST SUNDAY AND EXPLAINED IN PERSON ABOUT THE 50,000 NOTE.

HERE GO READ FOR YOURSELVES IT IS ON PARLIAMENTS WEBSITE.
http://www.parliament.iq/details.aspx?id=41875&Alw

The economic and investment commission hosts the Governor of the Central Bank

May 03 .2015

The economic and investment commission hosted on Sunday, 05/03/2015, headed by MP Jawad al- Chairman of the Committee and the presence of Messrs members, Mr. Ali Keywords Governor of the Central Bank to discuss the monetary policy of the Bank and ways to encourage the private sector.

The head of the economic and investment commission during the meeting that it is important at this stage where the country is suffering from the financial and economic crises that operate fiscal and monetary policies to promote economic reality which is viewed with hope for investment and the private sector. "

He said al-Bolani said on relevant policy monetary act now and quickly to invest the money supply available and channeled properly to support private sector companies and banks sector, and here this liquidity will work as an engine driver of investment which will generate additional financial returns and increases the total national income and gross domestic product (GDP).

For his part, Governor of the Central Bank announced the completion of the final touches to issue a new currency of 50 000 dinars category which would reduce the volume of cash in circulation.

The Keywords that the central bank began lending process biggest banks sector and private banks and invest the money in investment projects and also support various economic sectors such as agriculture, industry, housing and others.

YOU SEE BACK IN MARCH THE CENTRAL BANK PUT OUT ON ITS SITE A PDF THAT CLEARLY SAID THEY WOULD BE RECALLING THE NEW 50 DINAR NOTE. THEY FURTHER SAID THERE WOULD BE NO REPLACEMENT FOR IT.

THEY SAID THE NOTE HAD NOT BEEN USED SINCE 2004 AND THEY SAID THEY WOULD BE GIVING NOTE HOLDERS AN ELECTRONIC CREDIT. THEY NEVER EVER SAID THEY WOULD BE REPLACING THE NOTE.

2)        WE ALSO COVERED THE SALE OF THE BONDS AND THE CREDIT RATING AND THE SEPARATION OF CENTRAL BANK AND STATE.

3)        WE COVERED THE BUZZ THAT IS ALL OVER ABOUT THE DINAR RETURNING TO THE FORMER PRICE COMPARED TO THE DOLLAR. NOW THOSE WORDS IN ENGLISH SOUND GOOD BUT ACTUALLY THERE ARE SEVERAL ARTICLES THAT SPEAK TO THIS AS WELL AS THE CBI WEB SITE.

THE FORMER EXCHANGE RATE OF THE DINAR BEFORE IT ROSE TO 1300+ WAS 1200+ TO 1. THIS IS THE FORMER NUMBER THEY ARE TALKING ABOUT AND IT SAYS SO VERY CLEARLY IN THE ARTICLES WE TALKED ABOUT IN OUR LAST 2 POSTS HERE IN RECAPS. SO YOU CAN GO READ THEM AND YOU WILL SEE THE PROOF OF THIS.


NOW WITH THAT OUT OF THE WAY WHERE DO WE THINK WE ARE NOW?

WELL WE ARE RIGHT IN THE MIDDLE OF EXCITING TIMES. WE LEARNED SO MUCH FROM THE IMF SPRING MEETINGS A FEW WEEKS AGO. THAT’S WHEN WE STARTED PUTTING TOGETHER THAT IRAQ WOULD NT BE RE PRICING THEIR CURRENCY AS A SINGLE ENTITY BUT WOULD BE RE PRICING MOST LIKELY AS A REACTION TO THE FREE MOVEMENT OF THE YUAN.

THIS WEEK WE SAW SO MUCH FROM THE IMF TALKING ABOUT CHINA BEING THE GOALPOST OF THE NEW BANKING SYSTEM. HERE HAVE A LOOK

May 5, 2015 5:56 am

China knocks on door of reserve currency club

The internationalization of China’s renminbi faces its stiffest test yet as the International Monetary Fund debates whether to endorse the “redback” as a reserve currency alongside the dollar, euro, yen and sterling.

Becoming a constituent in the IMF’s Special Drawing Rights basket would be a big step forward for the currency, which remains tightly controlled by Beijing. Economist Louis Gave of GaveKal Dragonomics likens the move to Japan’s currency liberalization in the 1980s and the subsequent run-up in yen assets.

“Very quickly, global equity and bond investors were chasing their own tails, pushing up the value of the yen together with Japanese equity and bond valuations to regular new highs.” (From which, of course, they subsequently retreated as the bubble imploded.)

However, the rewards for Beijing would be more than simply financial: acquiring SDR rights would be a powerful boost to its geopolitical ambitions.

“For China, SDR basket inclusion is symbolic to global recognition of its rise in status,” Paul Mackel, head of Asia forex research at HSBC, wrote in a recent report. “The very stringent requirements for currency inclusion in the SDR serve as a quality assurance to global users that the currency in question is indeed very liquid and stable as a store of value.”

That will feed into the IMF’s deliberations. “The crux of the matter is that this is ultimately going to be decided on political rather than economic merits,” says Eswar Prasad, economics professor at Cornell University and former China country director for the IMF.

China’s bid for more influence in the international monetary system began at the peak of the global financial crisis in March 2009, when central bank governor Zhou Xiaochuan published a paper in English titled “Reform the international monetary system”.

Mr Zhou argued that the global financial crisis had exposed the vulnerabilities of over-reliance on the dollar, and proposed beefing up the SDR so it could serve as “an international reserve currency that is disconnected from individual nations”.

In March this year Chinese Premier Li Keqiang told IMF managing director Christine Lagarde that China intended to accelerate reforms needed to meet the criteria for SDR inclusion.

The IMF board will vote in November or December. Before that, a staff review this month will assess the renminbi’s suitability based on four criteria.

The first three — transaction volume in foreign exchange spot markets; transaction volume in forex derivatives markets; and use of the currency by central banks as reserves — are partly subjective, says Mr Prasad. So long as the renminbi is widely used, the IMF could determine that the criteria have been met, even if the renminbi ranks even lower than other non-SDR currencies on one or more measure.


The fourth hurdle, which essentially requires a yes or no decision on whether renminbi interest rates are market-based, will be much harder to clear.

Mr Zhou said in March that China may eliminate the administrative cap on bank deposit rates — the last interest rate in China subject to government control — by the end of this year. That might provide the opening IMF board members need to admit China into the SDR club.

But the US is likely to push back by urging the IMF to interpret its rules strictly and arguing for the SDR to be used as an incentive to press for greater financial liberalisation.

Mr Zhou’s statement leaves ample flexibility to delay freeing up deposit rates if economic conditions change — a scenario that looks increasingly plausible.

China has cut benchmark interest rates twice since November in a bid to reduce financing costs for businesses amid a slowing economy. Removing the deposit-rate cap would probably have the opposite effect, pushing rates higher as banks compete for funds.

“We believe that the RMB’s inclusion in the SDR (and indeed RMB internationalization itself) is being used mainly as a goalpost, to catalyst domestic financial sector reforms,especially interest rate liberalization and China’s capital account opening,” Tao Wang, UBS China economist, wrote recently.

The fund has already signaled its approval of recent reforms to loosen the government’s tight grip on the currency. Markus Rodlauer, deputy director of the IMF’s Asia-Pacific department, said during Ms Lagarde’s visit that the renminbi exchange rate was “moving toward equilibrium”, a shift in tone from the fund’s longstanding assessment that the exchange rate is “undervalued”.

IMF rules require a review of the SDR basket at least every five years but more frequent reviews are permitted. That leaves open the possibility of a compromise in which the IMF decides the renminbi is close to meeting the relevant criteria but still falls short, and schedules another review sooner than 2020.

However, such a move would not be without risk.

“It will be seen as a slap in Beijing’s face if the IMF chooses to punt on this issue now,” says Mr Prasad. “That would really poison the relationship between the IMF and China.”

LINK


DID WE READ THAT CORRECTLY LOOK THE YUAN WILL BE THE GOALPOST TO CATALYST DOMESTIC FINANCIAL REFORMS?

HUMMM HOW ABOUT THAT?

AND THERE IS SO MUCH MORE WE TALKED ABOUT TODAY.

NOW CAN WE DRAW A STRAIGHT LINE FROM THE YUAN TO THE DINAR?


NO WE CAN NOT BUT WITH THE FREEDOM OF MOVEMENT OF THE YUAN WILL COME MARKET CHANGES ALL OVER THE GLOBE. EVERY COUNTRY JUST ABOUT IS IN TRADE CONTRACTS WITH CHINA. THERE FOR EVERY COUNTRY WILL REACT TO ANY PRICE CHANGE.

THE IMF MEETS THIS MONTH TO HAVE TALKS ABOUT THE YUAN AND HOPEFULLY SOON AFTER THAT THIS MOVEMENT WILL START.

HERE ARE SOME MORE LINKS AND COVERAGE OF THE YUAN. AGAIN WE THINK THAT IRAQ IS WAITING ALSO AND THEY WILL BE REACTIONARY ALONG WITH THE REST OF THE MARKETS WHEN THIS HAPPENS. REMEMBER IRAQ IS IN BILATERAL AGREEMENTS WITH CHINA TOO.

 China gets backed into a corner by the ‘Impossible Trinity’

Published: May 3, 2015 10:20 p.m. ET

http://www.marketwatch.com/story/china-gets-backed-into-a-corner-by-the-impossible-trinity-2015-05-03

http://video.cnbc.com/gallery/?video=3000376317

http://www.wsj.com/articles/imf-to-brighten-view-of-chinas-yuan-1430697814

CNBC SQUAWK BOX

IMF COULD DECLARE THE YUAN FAIRLY VALUED, WHAT DOES IT MEAN?

http://video.cnbc.com/gallery/?video=3000376320

China stocks and economy on diverging paths

http://video.cnbc.com/gallery/?video=3000376331

China says to accelerate reforms to support yuan in IMF currency basket

http://www.reuters.com/article/2015/04/18/us-china-yuan-idUSKBN0N906020150418

WELL THIS IS ONLY A FEW ARTICLES TO SUPPORT OUR CONVERSATION TODAY.
LOOK AROUND EVERYONE EVERY WHERE IS TALKING ABOUT THE YUAN.

BILL GATES IS TALKING ABOUT IT , WARREN BUFFETT IS TALKING ABOUT IT. CENTRAL BANKERS ACROSS THE GLOBE ARE TALKING ABOUT IT. THE GULF COMMUNITY COUNCIL AND DUBAI IS TALKING ABOUT IT. FOR HEAVENS SAKE EVEN IRAQ IS TALKING ABOUT IT.


THIS WILL BE THE START OF THE NEW BANKING SYSTEM; THIS WILL BE THE START OF THE SDR SYSTEM COMING OUT. THIS SYSTEM HAS BEEN PLANNED FOR 45 YEARS SO FAR. HOW AMAZING IS THAT? THERE IS TALK OF THE SDR SYSTEM ALL OVER TOO.

AT THE END OF LAST YEAR WHEN NOVA AND I SAID THIS SYSTEM HAS BEEN IN THE WORKS FOR OVER 40 YEARS SOME OF YOU FOLKS THOUGHT WE WERE CRAZY!  LOL..WELL NOW WE SEE IT IN INK EVERY WHERE.

THIS IS ALL INFORMATION THAT WE NEED TO KNOW AND WE NEED TO UNDERSTAND. THERE ARE MANY CHANGES IN THE IMMEDIATE FUTURE AND CURRENCY RE PRICING IS ONLY ONE OF THEM.


THERE IS ALSO A TIME CRUNCH ON ALL OF THIS. FOR THE YUAN TO MAKE THE JANUARY SDR BASKET IT WILL NEED TO HAVE FREEDOM OF MOVEMENT VERY SOON.

 THAT MOVEMENT TO BE CONVERTIBLE AND CROSS BORDERS FREELY IS WHAT WILL CAUSE A SHIFT TO HAPPEN ALL AROUND THE GLOBE. WHY IS THAT?

BECAUSE SO MANY COUNTRIES ARE IN TRADE AGREEMENTS WITH CHINA THAT ANY SHIFT IN CURRENCY WILL SET OF A MARKET TSUNAMI.


LIKEWISE THE DINAR IS ON THE SAME PATH AS THE YUAN EXCEPT IT WILL NOT HAVE RESERVE STATUS IN THE BASKET.

THE DINAR WILL BE AMONG THE OTHER +1 CURRENCIES. IT WILL BE USED AS A DONOR CURRENCY OR A SUPPORT CURRENCY AS TOLD TO US FROM DR. SHABIBI IN JACKSON HOLE A FEW YEARS AGO.


SO WHERE ARE WE NOW?

WELL WE THINK WE ARE MUCH FURTHER ALONG THAN WE REALIZE.

ALL MARKET CORRECTIONS AND CENTRAL BANKS SPEAK TO THE NOW FOR BIG THINGS TO START HAPPENING.

MONEY IS MOVING IN THE BOND MARKETS, THINGS ARE TAKING SHAPE AND WE SHOULD SEE WHAT WE ARE LOOKING FOR SOON.


I SUGGEST YOU COME OUT OF IRAQ NOW; THE ANSWER YOU SEEK IS NOT THERE. THE GOI HAS NOTHING TO DO WITH WHAT IS ABOUT TO HAPPEN. THE CBI HAS THEIR SEATBELT FASTENED AND ARE READY TO MOVE FORWARD AS SOON AS IT’S THEIR TURN.

THINK OF THE NEW SYSTEM AND THE SDR BASKET AS A SLEIGH GOING DOWN A SNOWY MOUNTAIN AND THE YUAN AS THE BIG PUSH THAT GETS IT GOING FROM THE TOP OF THE MOUNTAIN. AS THE SLEIGH RACES DOWN THE MOUNTAIN GAINING SPEED IT WILL BE SCOOPING UP MANY CURRENCIES AND ADDING IT ONTO THE SLEIGH.

WELL IRAQ WILL BE ONE OF THOSE CURRENCIES TOO. BUT BEFORE IRAQ CAN JUMP ON THE SLEIGH IT NEEDS TO TRADE ITS CURRENCY FREELY ACROSS BORDERS TOO. SO IF IT DOES NOT WANT TO MISS THIS OPPORTUNITY IT WILL NEED TO SET THE DINAR FREE ALSO.

WELL THAT’S ABOUT ALL WE HAVE TO SAY, LISTEN TO THE CALL FREE YOURSELF FROM THE MUNDANE DAY TO DAY POLITICAL IRAQ  NOISE AND WATCH WHAT THE FUTURE HOLDS FOR ALL OF US. WITH OR WITH OUT THE DINAR THIS NEW SYSTEM IS UPON US. WE NEED TO LEARN IT AND THE TIME IS NOW!!

LOVE TO ALL MY LADIES AND NOVA

P.S. THE END OF THE CALL WE TALK ABOUT THE DONG A LITTLE BIT.

TNT CHAT WITH BLACKJACK7, 7 MAY

TNT CHAT :


Blackjack7 wrote
11m ago
Doing well and feeling well it's a good day for an RV wouldn't you say
gswoo13 wrote
11m ago
Yes BJ indeed....does your banker friend feel the SAME?
Blackjack7 wrote
10m ago
I got a cryptic text from him earlier...all is good...that was it...could be something on the very near horizon
Blackjack7 wrote
7m ago
there are way to many positive things happening for us to not be truly in the moment
Blackjack7 wrote
5m ago
I think about how long this has taken and everything that needed to be done...honestly I believe since the new PM has taken office he has done miraculous things in a very short amount of time.
Blackjack7 wrote
10m ago
So the eagle I would say is in search for a soft landing IMO

EXCERPT OF POPPY3. & S3A CHAT UPDATE, 7 MAY

Poppy3  LOTS GETTING DONE. 

INTERESTED FOR SURE IN...THE PRIVATE CLOSED DOOR MEETING TODAY [WEDNESDAY] AND PARLIAMENT MEETING TOMORROW [THURSDAY].   

QUESTION IS HOW MUCH PROGRESS AND WHAT IS THE REASON SENIOR WORLD BANK EXECUTIVES ARE IN ATTENDANCE. 

AS WE KNOW TEMPORARY HCL IS IN PLACE AND A SPECIAL GROUP HAVE BEEN STUDYING A PERMANENT SET OF HCL RULES INCORPORATED WITH OTHER LAWS OF PROTECTION FOR ALL.

******

Stage3alpha:

Awake-in-3D:  May 7, 2015 at 1:22pm A quick study of Romania's "drop the zeros" redenomination a few years ago (I was there in RO when they did this) will shed light on what Iraq is doing with their currency.

 Romania had two sets of note denominations circulating in parallel for a period of time before decommissioning the high zero notes.

Although RO did not RV their currency as Iraq will do, the co-mingling of the two sets of low and high zero notes tells the tale of what Iraq is likely doing with their notes today.

This should settle the debates regarding the new 50,000 IQD note versus a 50 IQD note (and also the reported 250,000 (or 200,000?) IQD note...  happy trails folks.  There's a method to this perceived madness.   :)

R.V./GCR: May 7, 2015 at 2:02pm Need for special holiday is now lets all be friends… RECONCILLIATION COMING …..NEXT YOUR CURRENCY EXCHANGE

*****

ThunderHawk :Iraq introduces a coin 50 thousand dinars category

Baghdad Arab New

Parliamentary sources and others close to the Iraqi Central Bank, said that a government committee concluded that a competent decision new cash paper currency printing of fifty thousand dinars category ($ 42), in light of the challenges facing the Iraqi dinar and the strength of local and global market.

Member of the Committee of Economy in Parliament, Nora Albjara, said in a press conference, on Wednesday, that a specialized committee formed from the central bank, decided to cancel the idea to delete the zeros of the coins from the category of thousand dinars and 10 thousand dinars; as an option taken previously to combat inflation, and the challenges of the Iraqi currency, due to market instability and put the dinar himself that is constantly declines against the dollar.

She Albjara, the Committee decided instead to print a new financial category worth fifty thousand dinars. The highest category of cash in Iraq is twenty-five thousand dinars paper, known red paper. And suffering Iraqi citizens, private traders, the question of buying and selling, where usually carry three large bags of Iraqi currency cash to buy a mid-priced car. And requires the purchase of a TV at a price of half a million dinars tote bag or an average citizen to own a large enclave, he can put the money from him if the amount of class thousand dinars or 250 dinars cash currency.

Albjara confirmed that "the bank in order to print one hundred thousand dinars category until further notice, until the end of print the fifty thousand dinars class project."

In another context, a source at the Central Bank said the "new Arab:" The government has started negotiations with the World Bank for a loan worth $ 800 million to fill the state in the general budget shortfall for the current year; and the resulting drop in oil prices. The source, who asked not to be named, said: "The World Bank is reluctant subject, but we will provide various guarantees to them."

http://www.alaraby.co.uk/economy/201...86%D8%A7%D8%B1

DINAR GURUS UPDATE, 7 MAY

5-7-2015   Newshound Guru wmawhite   Regardless of how this is going to roll out...it is good to understand that most of us believe we are closer than ever before.

5-7-2015   Newshound Guru Kaperoni  
 back in 2012 the CBI decided to float the dinar.  As Dr. Bakri said...the "specialists look at the long term"  [the CBI has NEVER stated there will be a float.]  actually...they did.  let me get a quote from the CBI:  "A source at the Central Bank of Iraq for four companies currently competing to win a draft print the new Iraqi dinar, which will generate graceful after deleting three zeros from him, while Samay central bank to raise the value of the dinar against the dollar gradually down to the day to start replacement where the value will be in the absence of a fluctuating one Iraqi dinars equivalent to U.S. dollars one. Let me point out what is said here..."to raise the value of the dinar against the dollar gradually."   The IMF is very direct and clear in the 2013 Article IV consultation...they also say gradual appreciation.  ...it will never overnight RV. 

5-7-2015   Intel/Newshound Guru Backdoc
     THEN WE SEE AN ANNOUNCEMENT RELEASED BY THE CBI THAT REASSURES ALL BANKS THAT ARE PROPERLY LICENSED WILL BE ABLE TO BROKER THE EXCHANGE OF FOREIGN CURRENCY!!  
THEN TODAY WE SEE AN ARTICLE THAT ADMITS ACTION TAKEN BY THE CENTRAL BANK THAT WILL GRADUALLY RAISE THE VALUE OF THE DINAR. 
 THANK YOU [GURU] TOPSHELF...I LIKE THAT 3.93 ZIP CODE...!  [reference Guru Topshelf post below, 5-7-2015]  AND ONE MORE THING THE FINANCE COMMITTEE DENIES THE GOVT. FROM PUTTING THEIR HAND IN THE COOKIE JAR AND SPENDING THEIR RESERVES!   [post 2 of 2]
5-7-2015   Intel/Newshound Guru Backdoc 
  WE HEAR THE WORLD BANK CALLING FOR IRAQ TO DIVERSIFY AND ACTIVATE THEIR PRIVATE SECTOR!  THEN TODAY WE SEE AN ARTICLE THAT ADMITS ACTION TAKEN BY THE CENTRAL BANK THAT WILL GRADUALLY RAISE THE VALUE OF THE DINAR.  NEXT, WE HEAR THE COUNCIL OF MINISTERS SAYING THEY ARE SERIOUS ABOUT ACTIVATING THE PRIVATE SECTOR. THEN WE HEAR OF A TWO DAY HOLIDAY THAT STRETCHES INTO A 7 DAY HOLIDAY.    [post 1 of 2....stay tuned]

5-7-2015  Newshound/Intel Guru Topshelf
    The .10 cent number goes clear back to the beginning of January...and it’s based on contract amounts. Remember... when Delta..said … “...1166 is gone from the spreadsheet.”  Ever since that day we knew that they were doing the mathematics. Why? Because they got the Green-Light like a month before that!  The 3 zeros are being lifted right before your eyes...off of the exchange rate! It started at .10 cents and went around .85 to 1.17 and now it’s at this level...  One of our sources called...it appears that certain “things”  with the bonds in Iraq ...the IMF...CL...seem to coincide with the area code calculations... [393].  “AREA CODE” is a code for the number [rate] that you seek."  Do you know what is about to happen?   I know...silly question. Of course you do...info is coming in so fast.  This is the same thing that happened with the monetary reform of the Kuwait dinar in the late 90’s.   [post 2 of 2]

5-7-2015  Newshound/Intel Guru Topshelf
   [new Guru]   [via FrostyTheSnowman]  First...the CBI spreadsheet is up-to-date...within 3 days...they are spending money...and they are paying on contracts... and by paying it...that increases the value of certain currencies.  One is removing debt...but it’s also how they got the money to pay for the debts...and made trillions off of it.  Contracts being paid are in US dollars and some people thought if that happened that would be the end of this investment.  I’m here to tell you that was the best part of this whole thing.  Dr. S [Shabibi] is superman!  February 19th was the last auction.  ...auctions have been going on...they never stopped. They have been hiding it. There’s data...it’s been ongoing and now it’s public anyone can view it.  They have created the LIQUIDITY...that they needed...they paid off debt based on the contract amount. Not based on people hedging or making this an investment.  

S3A CHAT UPDATE, 7 MAY

S3A : 

  • If you look at the spreadsheets posted by Topshelf and brought here by Classy1, you can see dramatic improvement in Iraq's balance sheet. Where is this cash coming from? Especially if they have a purported liquidity crisis.

    Could they have pulled a Quarterback Sneek and RI'd their currency for international Currency Swaps - at a significantly higher rate than 1166?

    Oil prices have improved, so that helps, but oil alone at "break even prices doesn't accout for Iraq's weekly liquidity improvements. :)
    • That is the point and maybe the point of Exo's "hidden" pics.


TNT:

Iko ward:
 We are now on day 8 of the dong not trading. It crept down a few points last night as it adjusts to the continued high dollar but no spread. I continue to think this is highly significant and an indication that the international rate is close

Iko Ward: Also very little action on Dinar and Rupiah....everyone is waiting.

Luvmyboys:  BJ7 who getting more nervous you or your banker WM? Does he feel like it still very close?

Blackjack7:  GM Luvmyboys I think he knows a little bit more than he is letting on...he did say this will be one of the biggest transactions his bank has ever done
....
fox :  now, at minute 4 (Wed.TNT CC)   ,#1 .. Iraqi'S are jumping with joy and WE got that from several sources , they put money in thier hands , now go spend it , now BANKS can BUY & SELL FORGEIN CURRENCY

fox: Seems to me that you havt to have an INTERNATIONAL CURRENCY to Trade with other Countries

CO Dreamer:  I was just thinking that if it goes before Sunday, it will really be a very nice Mother's Day!! woo hoo

Logos12:  Blackjack7,,,got it...thinking you should get your call this afternoon based on whats going on

Blackjack7:  logos it sure is sounding extremely positive everywhere...not seeing any negativity so that is good
  • Thank you Ian!

  • This is HUGE NEWS From Iraq (If Accurate) if your in the Media (Local or Foreign) you put your Life on the Line and/or Tour Treated Like Less than A Human

    UNESCO, IJS Work Together for Press Freedom

    May 6, 2015

    Celebrating World Press Freedom in Baghdad, UNESCO and the Iraqi Journalists Syndicate (IJS) agreed to strengthen their cooperation to foster freedom of expression, develop the media sector and provide universal access to information and knowledge in Iraq.

    To this effect, IJS President Moaiyad al-Lami and UNESCO Representative to Iraq Axel Plathe signed an agreement on behalf of their organizations during an event that IJS and UNESCO organized this morning on the occasion of the Day at Iraqi Journalists Syndicate’s headquarters, in the presence of scores of journalists, human rights activists and members of the international community.

    “The agreement that we signed today is a very solid basis to jointly foster the role of media for national reconciliation and increase the safety of journalists”, says Axel Plathe.

    “Since 2003, approximately 400 journalists have lost their lives in Iraq, this number is the highest in the world,” stated IJS President Moaiyad al-Lami, urging the government and state institutions to investigate and find out who the perpetrators are.



    http://www.iraq-businessnews.com/2015/05/06/unesco-ijs-work-togethe...
    • Thank You GT!