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DINARESGURUS.BLOGSPOT.COM_________________ _______

Sunday, May 31, 2015

TNT CHAT UPDATE, 31 MAY

TNT : 

Rrrr: 
 Everybody, please take a deep breath and take stock in what is happening.

Throughout modern media history, when a major event is about to occur that requires secrecy, there will be an abundance of miss-information flooding the airwaves.

This miss-information acts as a cloak to protect the covertness of a major event that is about to unfold, you need to look no further than the last Kuwait RV.

Relax! Sit back and enjoy the coming Blessing we are about to receive.

******
[KIRKWOOD] Hello tnt family...i bring good NEWS.... I believe we will see this late sunday....was told we will be in the bank on MONDAY.... I would love to go and kick (moon) for all of this time people have totaly messed with our MINDS....IT should have gone last night,,,well then for me it would go the next day...this is how my mind thinks...well that was last black friday...ok take some time and thank god we are on this ride and the end will be the glory
 
[kogarris] KIRKWOOD good morning .. I too fully expected to see this thing this am ... but we wait.. have a blessed weekend..

[KIRKWOOD] kogarris good DAY....MY source stated...we will be rich monday (grouphug)

1stSteelToe:  5-30-14 Old School says    Let's Get-R-Done$$

*****
10m ago Iko Ward wrote 5m ago OK KIDS, LETS GET THIS PARTY STARTED. FOREX BAsKET FLAT ACROSS THE BOARD. HIGH, LOW, BID, ASK, OPEN daz: Iko Ward wrote 5m ago It means they wont gues at whats about to happen daz: Iko Ward wrote 4m ago It is NEVER like that when the week opens

MNT. GOAT UPDATE :“ Full Speed Ahead “, 31 MAY

UU5517 – “ Full Speed Ahead “  by Mnt Goat

Hello Everyone,

I wanted to hop on today to give you an update on the continuing saga of the Iraqi dinar revaluation process.

I am sorry but the news letter is very long today but how do you cover so much good news in a short update.

All the news is very good today and so I thought you would like to hear it fresh before it gets tainted and converted by rumors.
~~~
Today’s News

Today is Sunday May 31st and still no RV and just 1 day left until June and all I have to say is TIC TOC, TIC TOC to all you intel “gurus” who think this RV will never reach June/July.

Funny how time proves many wrong as I certainly knew it would. As it has in many issues due to being misinformed and misinterpretation by many who are persistent in their news in the past.

I come to you not because I try to be sarcastic or to bash anyone. We all have our news and tell it like we see it. The problem most times is the delivery method and slant and hype put in it needlessly.

I am trying to help everyone to wakeup to reality and get yourselves free from this RV nonsense and RV hysteria. The RV is very close at hand and, as I said in prior news letters, there are so many signs now that very possibly we could be in a good window of opportunity to see this RV very soon if all goes to plan..

We all wonder what the hold up it, yet many refuse to listen to reason and see the facts. Articles have been and will continue to be our best source of information in this saga. They have been consistently telling us the progress of this process and how it keeps moving forward in spite of the many obstacles Iraq faces.

What are some of these obstacles?

Surely we all know by now one obstacle is the slow and disjointed Iraqi parliament. So passing any laws is time consuming.

Also we know about the last four years of the Maliki syndrome and the issues it has caused with the budget and the deficit and the clean up in this area needed.

Then there was the drop in oil prices (a consorted plan to bring down Russian influence in Ukraine).

But now they face an ISIS threat, a threat to their sovereignty which has caused a fueling of a civil war, something always feared might happen.

There has also been and will continue to be many  issues related to their currency in attempts to stop the black market, money laundering and counterfeiting.

Sure at times they stumble through this RV process but when all is said and done they will get it done.

This information can be supplemented with news from sources on-the-ground in Iraq but this too has been noticeably and intentionally pumping us with misinformation over and over again.

 I have been telling this over and over again.  I know with such certainty this has been happening. So why listen to it anymore? When you keep banging your head against the wall - does it not hurt?

So if I had to chose, I would chose articles as the more reliable source of information. However in reading articles you must take off your RV hysteria hat and use good old common sense. By common sense I mean to use what you already know to be true and proven as factual in order to discern if the article is bogus or not.

How many years have you been in this investment? Do you have the capacity to do this? So either you are serious about finding the truth or you are just an aggravated, frustrated  player disappointed because the RV did not happen, AGAIN last weekend.

So it’s Sunday and once again we sit broken hearted. We wanted the RV but it never started….lol…. But a fresh week is upon us and the news is all in our favor now as good things are now winding up. Many long awaited events are taking place or about to take place. 

Once again I am saying I am not calling the RV for the coming month of June or even July but am telling you there so much news pointing to June and close beyond   to conclude this reconciliation and economic reform process. This is what is important and this is why we looked forward to these days so long now.

We are hear we are crossing the finish line.

So let us look at these coming months and see why they COULD be very significant to us in the investment.

[Opening the 2015 Budget]

Just in the recent days we read that one of the MPs from parliament are questioning the stalling of  the opening of the 2015 budget. It is the month of May already and almost 4.5 months since they passed the budget.

What we did not all know is that this article is telling us is why the budget is stalled. It also confirms to us that the budget HAS NOT BEEN OPENED as many of us spread rumors that it was.

It appears, from this article, that an appeal was filed in the courts by the GOI and the CBI by Abadi to postpone the budget spending. They now claim this appeal was unconstitutional.

But the really nice part of this article it was Abadi (with support from his cabinet and the CBI) who stopped it.

Why then stop it?

So this is confirming to us more and more that they are awaiting the completion of the currency reform to begin spending the large amounts of money on the government reconstruction.

So just in the last few days the minister of finance has stated that the 2015 budget money is about to be disbursed to each of the provinces. This is WOW news IF THEY ACTUALY DO IT !

Article Follows:

Parliamentary Finance: Government lingered implementation of the budget is unconstitutional    
__________________

http://aletejahtv.org/index.php/permalink/60230.html

Finance Committee in the House of Representatives confirmed, Thursday, that the federal budget after the vote by the Council and published in the official gazette and signed by the President of the Republic became effective.

He noted member of the committee MP Ahmad Sarhan in an interview with "direction Press" that the appeals filed by the government and central bank to the Federal Court has issued instructions on them

by the prime minister states to postpone implementation until decided by the Federal Court, and therefore, these instructions issued instructions to wait is unconstitutional and illegal.

He added that the executive can not point to ask to postpone non-implementation of the budget because it is a legal breach, pointing out that the legal department at the Iraqi Council of Representatives made the other call is against the government before the Federal Court the need to answer a lawsuit government is about to wait in the implementation of the budget.

It is noteworthy that the Iraqi Council of Representatives in the approved, 29 of January 2015, the financial budget for the current year, an amount of 119 trillion dinars, the equivalent of $ 117 billion, and a deficit of around 25 trillion dinars, or about 23 billion dollars, and calculates the price of a barrel of oil on the basis of $ 56 a barrel

Article Ends

[Decentralization Efforts]

We know that the decentralization of the ministries has been ongoing and is planned to be completed by the end of August. The transition so far has been going almost flawlessly except for some grumblings about the provinces wanted a direct share in the tariff revenues since their expenditures to implement and enforce the tariffs must be accounted for.

We also have just recently witnessed fist fighting in the parliament sessions on disagreements with the National Guard law to decentralize the security forces.

[Needed New Laws]

The speaker Jabouri had directed that the current session would not end until there is a “package” of laws passed needed for the deadlines of reconciliation reform movement. Yes he actually used the word “package”…unbelievable! . He wanted this package of laws voted on in Friday’s 5/29 session.

Did this happen? We waited for the news to come out to us and the article below finally told us what we needed to know. Once again they postpone a final vote on this package of laws.

Article follows:

Postpone the vote on the National Guard and the Federal Court Rules to the next legislative term    
______________________

https://translate.google.com/translate?depth=2&hl=en&ie=UTF8&prev=_t&rurl=translate.google.com&sl=ar&tl=en&u=http://aynaliraqnews.com/index.php%3Faa%3Dnews%26id22%3D39066

BAGHDAD / ... parliamentary source said on Saturday, to postpone the vote on the National Guard, laws, political parties and the federal court to the next legislative term.

The source told "Eye Iraq News", that "in the absence of complete paragraphs business House agenda at today's meeting, the Council will hold an extraordinary session on Sunday to complete what is included in the paragraphs within the agenda of today's meeting."

It is said that the political blocs differ among themselves about the legislation of the National Guard laws, political parties and the Federal Court, which led to delay a vote on these laws in more than 1
Article Ends

Monthly Payouts]

Again, like clock work at the beginning of the month, we hear grumblings from Kurdistan on their payments from Baghdad. No this is not about the RV!

 This month they are once again warning the central government not to be late or else. Kind of like a threat of recession if this happens one more time. We read about it each month. 

They will get their funding as article below is telling this. But most importantly we see that they  intend to ramp up oil output.

Next we wait and watch for the usual monthly payments to the citizens for the various social programs. This is big this time. We know that they fully intend to payout the oil royalties to the citizens for the very first time throughout June and July. So this is exciting news since this will finally be the full implementation of HCL we have all been waiting for so long.

But there are also other points to remember too in this matter. They plan to use the SMART cards fully in this oil payment as the ONLY means to distribute this money. So if you are an Iraqi citizen you better go to the bank and get your SMART card. They are forcing citizens into this procedure.

They also fully intend to pay the citizens no matter where they are residing and use the MASTERCARD services and the electronic means to conduct this business. Many “boots-on-the-ground” intel have said people are lining up at the banks to exchange.

I am telling you now they are lining up NOT to exchange but to get their SMART cards. These are late comers to the program. This past week was the last week to sign up prior to the initial rollout.

So if they want their share they better get their cards. I can see now how this could be misinterpreted as RV news by some of these foreign intel providers boots-on-the-ground and they simply need to get their facts straight and stop making assumptions to get all of us investors hyped up for nothing.

Why do my boots-on-the-ground then tell me consistently a different story? Why do they always prove to be correct and contradict these others? But all said this is still good news, just not impending RV news.

This non-reliance on paper money is finally going to happen and will eliminate most of their counterfeiting issues and money laundering. Folks – can you see just how important this is for us and our investment?

These are some the issues in the past that haunted and prevented the program to delete the zeros from progressing forward. It has taken time to fix these issues.

They are also to coincide these steps with the metal coin rollout, making counterfeiting and smuggling of money almost an obsolete practice, even more harder since metal detectors can be used to find hidden contraband money.

Also any counterfeiters will have a very large expense to stamp precious metals not to mention the cost of materials and machinery and so - why bother?.

Can we now see how all of these events are all interconnected and has to be done to preserve and protect their currency prior to any RV? Why the RV had to wait.
The finance ministry has also told us that for the first time they are rolling out regularly scheduled payments an so there will be reliable, accurate, on time payments on time each month in the future.

Folks – I can not tell you just how important this is to the people of Iraq ! This is such good news ! Talk about making the citizens happy!

All of these items speak miles for us and our IQD investment. We have come, so it seems, like miles and miles down this RV road. But I believe we can see the end of the long tunnel now and we are crossing the bridge to see the final completion of the project to delete the zeros. The very last step to collect our dinar and pay us handsomely to get them.

Article Follows:

~~~
BAGHDAD DETERMINE NEXT WEEK WHICH WILL SEND THE SHARE OF THE BUDGET FOR KURDISTAN    
_____________________

http://www.ara.shafaaq.com/4291

So this is the 2nd province that is supposed to get paid next week...

Twilight News / Ministry of Finance announced in the federal government, on Thursday, it will determine the amount you will send it to the Kurdistan Region next week, asserting that the provincial government had exported the largest amount of oil in favor of the federal government.

The agent said the Finance Minister Fadel prophet in a statement to the Kurdistan Democratic Party, and seen by Twilight News, that the differences between Arbil and Baghdad on the way to a solution, pointing out that the provincial government has this month to export more oil than those exported last month in favor of the Iraqi government amount.

He added that the Prophet amount that will be sent to the region this month will be a good amount.

And on compensation for the province in exchange for the amount of oil exported by last month he pointed to a prophet he did not know the amount of compensation that will be sent to the region.

The provincial government has been criticized for Baghdad because of the amount sent to Arbil for the month of April, in spite of its commitment to the export of oil from the agreed amount for the Ministry of Oi

Article Ends

[Security]

Security too is still a concern but with the passing (if it passed on Friday) of the National Guard law the provinces can then legally defend themselves without having to coordinate with the central government.

A huge positive movement in the right direction for solving the security issue.

A control against future centralized corruption. We also know the 82nd Airborne detachment begins arriving in Iraq tomorrow as well as ground forces from other countries such as Turkey and Jordan as they join forces and begin the final push to rid Iraq of ISIS.

You will see how this will heat up. What we watch for also now is the effort towards ridding Iraq of Iranian militia. We can expect to hear updates on this effort too in the very near future.

I have included one article on Ramadi and what is happening there. By the time you read this news letter this effort will be done and Ramadi will be taken. Then on to Mosul, the main and BIG effort.

I also present a second article telling us the three presidents are still on the same page and the effort is a coordinated effort between all to get the needed laws, the security issues resolved to move forward.

 Look at this article as a STATUS meeting between these presidents. They want to tell the people they are united and not fighting each other as was done in the Maliki administration as each of the three presidents are from the three different secs.

Folks there is a reason for each and every article no matter how small or short.

Article Follows:

MINISTRY OF DEFENSE ANNOUNCES THE CLOSURE OF ISIS ESCAPE OUTLETS IN RAMADI    
__________________

(IraqiNews.com) Baghdad – The Ministry of Defense announced on Saturday that the security forces and al-Hashed al-Sha’bi militia have sealed off ISIS escape outlets in the city of Ramadi.

The ministry said in a brief statement followed by IraqiNews.com, “our forces continue advancing in the axes of Anbar operations.”

The ministry added that, “those forces have closed ISIS escape outlets in the city of Ramadi.”

A senior source within the leadership of al-Hashed al-Sha’bi militia revealed the start of a major operation to liberate Ramadi from Husaybah al-Sharqiya area.

http://www.iraqinews.com/iraq-war/ministry-defense-announces-closure-isis-escape-outlets-ramadi/

Article 1 Ends

Article 2 Begins:

THREE PRESIDENCIES WILL MEET THIS EVENING TO DISCUSS THE RECONCILIATION FILE AND CONDUCT OF MILITARY OPERATIONS    
______________________

http://www.alliraqnews.com/modules/news/article.php?storyid=5802

An informed source, the determination of the three presidencies [Republic, ministers, MPs and] held a meeting this evening in the presidency.

The source told all of Iraq [where] that "the meeting will discuss national reconciliation and security developments in the breakers military operations file and how to pass laws put forward in the House of Representatives projects and assess its performance in the last period after the end of the year of its legislature."

He pointed out that "the meeting will be headed by Fuad Masum President of the Republic and in the presence of Prime Minister Haider al-Abadi and the House of Representatives Saleem al-Jubouri and three vice-presidencies ".

Article 2 Ends

[Update on the Project to Delete the Zeros]

Out pops an article 1 and 2 in the past few days by Iraqi economists. One economists Fahd Antar Dokhi member of the Iraqi Economists Association seems to be in favor of completing the project to delete the zeros giving strong evidence of its benefits. I like this article.

To me it is another of those WOW articles. This article was written for the average citizen in Iraq. It is telling them it is time to complete the project to delete the zeros and the benefits.

It is an informative article preparing them for what is about to happen, like they are about to do it and are preparing the people for it.

Article 2 is by another Iraqi economists, Jamil Antoine, who in his opinion is not in favor of the project. So who is right?

My point of bringing these two articles to you today is to tell you these are JUST OPINIONS. So we can see they are still having this ongoing debate whether to pull the plug on the revaluation or not. Who will win?

It is my opinion that when the CBI and the GOI is ready they will take all of these “other expert”  opinions into consideration. So seeing these articles now is excellent since they are debating it now.

Article 3 is very, very interesting. It has been written since, if you can remember, the USD has been outlawed for use in Iraq. They are doing this  to force citizens to use the dinar. However the dinar never revalued at the time, as expected, as they allowed the continued use of the dollar, unofficially.

But now we see this article. Why? BECAUSE THEY ARE ABOUT TO CLAMP DOWN ON THE DOLLAR once again. Why? They are about to try to revalue their currency once again.

But they will need the dollar too (post RV) for travelers going abroad just like any bank’s exchange service. So they are telling the citizens who want to travel abroad the even though the law prohibits the use the dollar there is the exception for foreign travelers and so go to the banks at airports to obtain them.

Just another security measure on the use of the dollar they are instituting. They do not want the dollar at the corner banks easily obtained. One more try at the revaluation is coming up soon.

There is still that ongoing debate whether they should introduce the 50,000 and 100,000 notes in circulation. Once again all these articles on this topic we are now seeing in recent days are just opinions and nothing more.

The decision has already been made and I presented those article to you in previous news letters. Personally I think that these many recent articles on this topic are to confuse us because they know we have realized that this effort to roll out these larger notes is DIRECTLY TIED to the project to delete the zeros. Heck all they have to do is read my news letters and its obvious we know.

 My news get sent to hundreds of thousands of investors. I did not include any of these articles for you today but you have seen many of them. So don’t worry about them they have their purpose but not meaningful in the long run.

Article 1 Follows:

THE DELETION OF ZEROS FROM THE IRAQI CURRENCY RESTORES ITS MONETARY VALUE     
________________

An Economist Fahd Antar Dokhi

Was Alojdrb (Bremer) head of the Iraqi destruction authority when it canceled the Iraqi currency of the former regime the end of 2003 to find a coin which reduces the presence of zeros,

the fact that the Iraqi economy, the traditional inflation stages exceeded even arrived to the brink of collapse, and this procedure is one of the means at hand to address the weakness of the value of the Iraqi dinar, according to the monetary and banking law,

has to be a return to basic sources which constitutes a strong factor in restoring confidence to our national currency, it is deleted three zeros from Almtadolh currency now put metal and paper dinar parts, including (5, 10, 25, 50, 100, 250 and 500 fils) .. which will bring the following benefits:

1. Ease of circulation and clarity and knowledge of monetary value easily even to foreigners and Hmaaaml Assistant to buy and handle them and trust the other hand, the lifting of monetary value against other currencies ..

2. Altfelicat paper perishable and damage, in contrast, the coin is not affected trade and the use and therefore can be manufactured again.

3. reduces the cost of printing Tabaha.az that JD (25) which will replace the 25 thousand dinars Alnaamhalmtdoualh currency is currently easier and quality will be high ..

4. strengthen the fabric and improved through the addition of the elements of the global currency that is not affected by natural factors such as water, and bear scrubs and tear resistance and decay.

5. reduce the cost of storage in banks, because we need to Qasat less and less effort and also the lower the number of employees by the more control and insurance prohibitively high.

6. easily transported over long distances and easily provide a high proportion of them safely.

7.. Strong cash currency contribute to strengthening the elements of the national economy.

8. provides speed and accuracy in trading in settling accounts. 9. gives the workers, giving them greater self-confidence.

10. is the risk of error in the calculation of its simplicity and clarity.

11. This will rebuild global confidence by banks and increases traded.

12. also provides cash to expand its value against the US dollar, the euro and the EU.

13. The printed specifications make them immune to fraud. There are a lot of countries that embarked on this procedure, including the Turkey even scrapped term million to replace the thousand, and can develop a mechanism to withdraw the old currency by subtracting the new currency with them and set a time ceiling to suspend trading Balkadimh record for a period of Omayorasth months, in light of that holds the government banks did not place them again in the Dealing even decay within the period specified ..

Article 1 Ends

Article 2 Begins:

ECONOMIST: THE ISSUANCE OF A NEW CLASS OF THE COIN IS NOT TO IMPROVE THE SITUATION DIRECTLY     
Roudao - Arbil  saw economist, Jamil Antoine, that the new currency issue or deletion of zeros from the Iraqi currency, the restructuring process and not to improve the situation directly.

The Central Bank of Iraq, decided after the federal government is required to wait in the implementation of the project to delete the zeros and get rid of the cluster Cash flabby Iraqi currency through printed Banknotes category 50 000 dinars, 

also advised specialists in economic affairs government to implement the project to delete the zeros, instead of issuing a large categories of currency because it will lead to increased inflation. 

said Antoine The idea of issuing a new currency of a particular class, It is for the purpose of minimizing market trading, and the use of large pieces and small pieces instead, 

noting that the issuance of the currency of a large categories relieves banks and its trustees problems in counting the money. He added that the proposed hundred thousand Iraqi dinars,

 the currency can not replace the dollar percent, because it does not currency could replace the other currency, and instead there was a twin, it can not be resolved,

 rather than the other one, but can be solved a lot of problems with the market.

Article 2 Ends

Article 3 Begins:

RASHEED BANK DECIDES DOLLAR COIN FOR TRAVELERS TO FACILITATE THE SALE OF CASH TRANSACTIONS      
_________________

http://translate.google.com/translate?depth=1&hl=en&rurl=translate.google.com&sandbox=0&sl=auto&tl=en&u=http://wwww.alforatnews.com/modules/news/article.php%3Fstoryid%3D86135

{Baghdad: Euphrates News} decided to sell dollar coin good for travelers to facilitate cash transactions Bank.

The Director-General of the Bank Mohamed Abdel Wahab Abdul in a statement the agency {Euphrates News} received a copy of it on the "good bank instructed regarding the sale of the US dollar for travelers," noting that "this move came in order to cover the expenses that may be required by the traveler in his dealings during traveling ".

He said he "was assigned to the airport branch as a preliminary task and the bank will begin work while the central bank to resume selling the dollar to banks" 

Article 2 Ends

Peace and Luv To Ya All,   Mnt Goat

ANONYMOUS POST, 31 MAY

This coming Monday, June 1, the global banking system is to conduct and carry out its internal tests on banking screens, before live transactions will be activated.

It is fully expected that this will be a routine matter at this point, as the necessary programming and preparations were already in place for this transition, and previous test runs have been successful. 

It should be remembered that this process will involve all major banks, and also the Forex system.

It is then expected that additional announcements will be made over the weekend and early next week. Please be aware that these announcements will be very sensitively-made, due to the major underlying changes represented, as the world adjusts to these new directions.

We have been informed by our reliable Chinese sources,  with also confirmations with their authorized top bankers, that the redemption payments are expected to commence this coming Tuesday, June 2, if all technical matters proceed smoothly as anticipated. Anonymous

Iraq Prepares For The Printing Of 50 000 Dinars Category And Delete The Zeros Deferred Step, 31 MAY

Iraq Prepares For The Printing Of 50 000 Dinars Category And Delete The Zeros Deferred Step

The Commission on Economy and Investment parliamentary member of the Charter of Hamdi, yesterday (Monday), the central bank can not delete the zeros due to the unstable economic situation, as pointed out that the bank regarding the treatment of these things will be printed new financial category worth fifty thousand dinars.
~~~
Picture
Hamdi said in a statement that "the economic and investment commission parliamentary hosted Sunday,

 the CBI director on the Keywords, and they discussed issues concerning the provision of liquidity

and increase demand for the dollar as well as the disparity in the exchange rate."
She said that Hamdi "Keywords stressed that the process of handling these things, where they will be printed new financial category worth fifty thousand dinars," indicating that "the Bank for printing percent category thousand dinars to a later time."


She Hamidi that "the central bank can not delete the zeros because of the current situation and the unstable Iraqi economy", calling on the central bank to "increase revenue that will be supplied cash and liquidity and difficult process which eases the burden on the citizen."

He said the governor of the bank on the Keywords in 3 of last March, said the project to delete the zeros existing project has been put into practice and we gave the green light to start with, adding that the project needs a period of time may extend to two years or more.
He accused the central bank, in (12 September 2011), government agencies obstructing monetary reform and vowed persecuting, blaming those actors responsible for exposing the financial interests of the country at risk.

What was seen as Prime Minister for Economic Affairs Abdullah Hussein Al-Anbuge adviser, in (25 August 2011), that the lifting of the zeroes from the currency's biggest process of corruption in Iraq if it was during this period, 

and fall under the name of economic tampering, warning of the "mafias currency" is preparing to rig the trillions Iraqi dinars to replace them in the light of the upcoming changes.

It is noteworthy that some economists believe that Iraq is not formatted for the time being to delete the zeros of the Iraqi   dinar, pointing out that the deletion needs to be a security and political stability as well as stability of the economy.

    http://www.almustaqbalnews.net/198566

LANDA GLOBAL CC PLAYBACK LINK & DINARES GURUS UPDATE, 31 MAY

LANDA GLOBAL: 

CONFERENCE CALL ARCHIVE

Below are links to the previous conference calls. Once the link is clicked on, a new window will open with a player. Controls allow for playback functions with a slider to access times within the recording.

May 27, 2015 - Redemption Period Discussion

******
DINAR GURUS UPDATE:

5-31-2015   Newshound Guru Millionday    [With Iraq and Kuwait sharing the same oil fields and the kuwaiti dinar at $3.30 would you say that it makes sense globally for the IQD to be at that same rate if not more?]   THE INTERNATIONAL EQUATION INCLUDES MANY THINGS AND THEY COULD USE THE PEN FOR PRICING -- SO NO WAY TO GUESS BUT I WOULD NOT BE SHOCKED FOR THEM TO BE CLOSE IN VALUE BECAUSE HISTORY REPEATS ITSELF IMO AND IT DOES MAKE LOGICALLY SENSIBLE -- BUT I HAVE NO IDEA WHAT THE RATE WOULD BE.

5-31-2015   Intel Guru Jester
   [If we see an RV, will there be multiple currencies revalue at the same time? Of course, all currencies will revalue against the dinar if it revalues but, will some revalue on their own at the same time?]   I DO NOT THINK THAT THERE WILL BE THAT SORT OF A SCENARIO... IN MY OPINION THE RESET IS NOT REALLY WORKING OUT TO BE THE FLIP THE SWITCH KIND OF THING THAT WAS PREVIOUSLY EXPECTED
... THERE IS GOING TO BE A LOT OF ASSET VALUATION AND ADJUSTMENT GOING ON OVER SOME PERIOD OF TIME...

5-31-2015   Newshound Guru Millionday
   [For those among us who are new... "deleting the three zeros" has a somewhat scarey vibe to it. Is this phrase an indication of: (a) deleting the zeros in front of the 86 (b) retiring the large (000) notes from circulation? Or, (c) something else?]   IT IS EXCHANGING THEM FOR THE CURRENCY YOU WANT TO USE IN YOUR COUNTRY FOR THE INTERNATIONAL VALUE THEY PUT OUT ON THE STOCK MARKET OR CBI-BANKS ETC -- WHEN THEY ENTER A MARKET ECONOMY.   [post 2 of 2]

5-31-2015   Newshound Guru Millionday
    
THEY FORMED A GROUP TO MONITOR THE MONETARY POLICY LAUNCH AND ECONOIC REFORM AS WELL... Article quote:  "it is deleted three zeros from Almtadolh currency now put metal and paper dinar parts, including (5, 10, 25, 50, 100, 250 and 500 fils)"  THIS IS FROM LEADING ECONOMIST...  HE IS ANNOUNCING THE NEW DENOMINATIONS THAT THEY WILL NEED TO USE.   THE NEW CURRENCY THEY ARE TALKING ABOUT TO BE INTRODUCED NOW...ARE MUCH MORE SECURE THAN THOSE IN THE PAST AND THEY ARE SAYING MORE SECURE THAN OTHER COUNTRIES.   [...is this new currency printed and ready to go...?]   THEY HAVE CURRENCY PRINTED...   [post 1 of 2....stay tuned]

5-31-2015   Intel/Newshound Guru Poppy3   ...LET ME SAY THAT ABADI, JABOURI AND THE TEMP CBI LEADER STATED TO THE ENTIRE PUBLIC OF IRAQ THEY WANTED FINANCIAL REFORM IN MAY WELL IT APPEARS THEY MAY HAVE MISSED THE DATE BUT ALSO THAT THEY AREN'T OR HAVENT MISSED IT BY MUCH AT ALL. THEY HAVENT ALLOWED A DAY OFF FOR ANY OF PARLIAMENT OR THE COMMITTEE'S IN OVER 3 MONTHS AND ARE STILL SAYING NO TIME OFF TILL THEIR JOB IS COMPLETE.  ...NO ONE HERE KNOWS WHAT IS NEEDED BUT THEIR LEADERSHIP HAS THE COMPLETE CHECKLIST PROVIDED BY AND AGREED ON FROM THE IMF, WORLD BANK, UNITED NATIONS AND THEY KNOW AND WILL NOT STOP TILL THEY COMPLETE THE REQUIREMENTS.   REMEMBER THEY NEED THIS AS BAD AS WE DO SO RELAX IT IS COMING FOR SURE. 

PURIFIERS & MILLIONDAY UPDATE, 31 MAY

PURIFIERS 
BE AT PEACE....... EVERYONE.......

IMO....... (because I must preface this post with those 3 letters)

TEAM (I) TOLD FRANK (this was on our CC)........ THEY WILL NOT LEAVE....... NO VACATION.......
THIS IS UNUSUAL CIRCUMSTANCES RIGHT NOW.......

READ THE CC NOTES AND YOU WILL SEE THAT THEY WORK FROM NOW ON....... UNTIL....... THE GOAL IS REACHED.......
WHY IS IT THAT....... MANY ARTICLES "EXCITE US" DURING A WEEK SPAN....... THEN "ONE ARTICLE" ('s).......DISMAY US???????

"PROPAGANDA"....... IS TO CAUSE WHAT MANY NOW "FEEL"!!!!!!!

IGNORE WHAT YOU READ THAT IS AGAINST THE PROGRESSION OF THE "MR".......

IT WAS IN PRINT TO DISCOURAGE YOU....... ON PURPOSE!!!!!!!

Again....... may I say....... I-TEAM SAYS "NO"!!!!!!!

SO....... WHY BELIEVE THE "JUNK" THAT MEDIA PRINTS!!!!!!!

Just because media prints articles (SOMETIMES GARBAGE)....... Why does (ALL THAT MEDIA PRINTS) become the full "GOSPEL"???????

Franks Teams....... ON CC....... told us what is really going....... "ON"!!!!!!!

DISMISS THE GARBAGE ARTICLES....... AND ONLY LISTEN TO WHAT TEAMS (VIA FRANK) TELL US!!!!!!!

HAS NOT FRANK AND TEAMS BEEN CORRECT (AND PROVEN) NOW....... FOR MANY MANY MONTHS PAST???????

YES....... THEN I REST MY CASE.......

Do not be discouraged....... BE ENCOURAGED....... BECAUSE TEAMS HAVE BEEN CORRECT AND WE HAVE THE CC (Conference Call) NOTES TO GUIDE US....... to what is TRUTH.

BTW....... "cards" ARE USELESS... until a change in their rate occurs... rate FIRST... follow the money.

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Millionday 
THEY FORMED A GROUP TO MONITOR THE MONETARY POLICY LAUNCH AND ECONOIC REFORM AS WELL... Article quote: "it is deleted three zeros from Almtadolh currency now put metal and paper dinar parts, including (5, 10, 25, 50, 100, 250 and 500 fils)"

THIS IS FROM LEADING ECONOMIST... HE IS ANNOUNCING THE NEW DENOMINATIONS THAT THEY WILL NEED TO USE. THE NEW CURRENCY THEY ARE TALKING ABOUT TO BE INTRODUCED NOW...ARE MUCH MORE SECURE THAN THOSE IN THE PAST AND THEY ARE SAYING MORE SECURE THAN OTHER COUNTRIES. [...is this new currency printed and ready to go...?]   THEY HAVE CURRENCY PRINTED.
[For those among us who are new... "Deleting the three zeros" has a somewhat scary vibe to it. Is this phrase an indication of: (a) deleting the zeros in front of the 86 (b) retiring the large (000) notes from circulation? Or, (c) something else?]

IT IS EXCHANGING THEM FOR THE CURRENCY YOU WANT TO USE IN YOUR COUNTRY FOR THE INTERNATIONAL VALUE THEY PUT OUT ON THE STOCK MARKET OR CBI-BANKS ETC -- WHEN THEY ENTER A MARKET ECONOMY.

MILLIONDAY, POPPY3 & BREITLING TIDBITS, 31 MAY

Millionday - To / banks approved the exercise of all banking and money transfer companies approved all and mediate the sale and purchase of foreign currency approved all companies ( members of the Board of Directors and Director Commissioner ) “  THIS…IS A DIRECT ORDER FROM CBI TO BANKS.  [so does that mean immediate?]  YES IT DOES NOT HAVE A HOLD OFF DATE — IT IS A DIRECT ORDER.  THINGS SURE LOOK EXCITING RIGHT NOW.
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Poppy3 - …LET ME SAY THAT ABADI, JABOURI AND THE TEMP CBI LEADER STATED TO THE ENTIRE PUBLIC OF IRAQ THEY WANTED FINANCIAL REFORM IN MAY WELL IT APPEARS THEY MAY HAVE MISSED THE DATE BUT ALSO THAT THEY AREN’T OR HAVENT MISSED IT BY MUCH AT ALL. THEY HAVENT ALLOWED A DAY OFF FOR ANY OF PARLIAMENT OR THE COMMITTEE’S IN OVER 3 MONTHS AND ARE STILL SAYING NO TIME OFF TILL THEIR JOB IS COMPLETE.  …NO ONE HERE KNOWS WHAT IS NEEDED BUT THEIR LEADERSHIP HAS THE COMPLETE CHECKLIST PROVIDED BY AND AGREED ON FROM THE IMF, WORLD BANK, UNITED NATIONS AND THEY KNOW AND WILL NOT STOP TILL THEY COMPLETE THE REQUIREMENTS.   REMEMBER THEY NEED THIS AS BAD AS WE DO SO RELAX IT IS COMING FOR SURE.
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Breitling - …Obviously the 40 trillion in dinar in the money supply doesn’t just count the notes.   The money supply of the country has to do with their reserves, the dollars, all the bank notes they have from other countries, coins, gold, silver, the dinar itself, But we are concentrating on the dinar because all the other currency or the reserve or what wealth they have in Iraq that’s what adds value to the currency.  If you have 6 Billion notes and you reduce it down to 4 billion whatever was backing it up is backing up less and less notes so every note that’s left on the market is gaining more and more value and that’s the whole point.  Don’t get confused with the “amateur” bunch that they have 40 trillion  dinar notes in the market because it doesn’t say that…they never have. The articles says the country is suffering from a contraction in liquidity of both dinars and dollars and the VALUE of the money supply is less than 40 trillion dinars… 

Monetary policy in dollarised economies, 31 MAY

The announcement by the Reserve Bank of Zimbabwe of the review of Zimbabwe dollar balances as it moves towards the demonetarisation of the currency is set to mark the end of the Zimbabwe dollar.
Like most central banks in the world, the primary mandate of the RBZ is to regulate money supply and ensure stability and smooth functioning of the banking system. However, the use of a foreign currency has limited the ability of the central bank to effect changes in the monetary base (the amount of money circulating in the economy) primarily to control inflation as well as perform the role of lender of last resort.
Following the dollarisation of the economy, Zimbabwe has adopted as legal tender other countries’ currencies, principally the US dollar. The US dollar has thus taken over all the functions of a domestic currency with policymakers effectively giving up any possibility of monetary and exchange rate policies.
While official dollarisation would be equivalent to pegging the domestic currency to the US dollar, it is different in that it is irreversible. This irreversibility theoretically makes full dollarisation a credible economic policy and a way to avoid currency and balance-of-payments crises, eliminate exchange rate risk, and contribute to the decline of the country risk premium and interest rates, as well as reduce the inflation rate and inflationary expectation.
With its ability to borrow from financial markets limited, government has to maintain fiscal discipline as it will typically only be able to finance its spend out of tax revenues collected. This effectively drowns out an economy such as Zimbabwe’s in which government spending on public services (and particularly health and education) as well as public infrastructure is a key requirement to the recovery of the economy. Failing to achieve this serves to crowd out private sector investment which typically follows government spend. The end result is a downward spiral, making it even more difficult for the government to fund the budget deficit as well as stabilise the economy in difficult times. 
The restriction on the role of the RBZ as lender of last resort is one of the costs of full dollarisation as the bank is limited in its ability to provide loans to banks facing liquidity problems. Printing money is no longer a feasible source of liquidity, and the central bank has had to look for alternative responses to episodes of financial distress. The upside, however, has been that bank runs have become less likely because consumers and businesses may have greater confidence in the domestic banking system, as the dollarisation has reduced the moral hazard arising from the ability to print money at will. As such, the central bank is there to provide guidance and oversight on banks which would have to manage their own solvency and liquidity risks better, taking the respective precautionary measures.
Some economists have argued the relevance of a central bank in an economy that is using an external currency. That economy is somewhat more vulnerable to external shocks. However, policy credibility and economic stability brought on by fiscal and monetary discipline can encourage reforms and promote competitiveness and productivity to overcome such vulnerabilities.
The effectiveness of monetary policy comes down to the ability of the central bank to foster trust and confidence of the financial markets. As such, it is of crucial importance for the leadership of the bank to manage perceptions around policy stability and provide adequate forward guidance. The central bank should strike to achieve the ideal of political independence in effecting its policy decision. While this concept in itself is difficult to conceive given that political interference tends to be hard-wired in the operation of the central banks, a semblance of this ideal can be achieved if government focuses on fiscal matters and does not unduly influence monetary policy actions.
One thing is for certain though, without a well-functioning financial system that is capable of providing liquidity to the markets in times of need, the economic recovery will be a long and hard road to travel. Initiatives such as the Zimbabwe Asset Management Company (Zamco), created by the central bank last August to take over non-performing loans from banks, should theoretically help revive the capacity of banks to provide new loans.
Overall, dollarisation has brought some sanity to a financial system that had approached a precipice and stared down, just managing to avert an absolute calamity. Inflation was brought under control in one fell swoop but the economy is now facing disinflation. The rabbit hole to avoid, however, will be the much-dreaded deflationary environment in which prices in future are expected to be lower than current prices. This is terrible for any economy as it stifles investment and causes individuals and companies to hold back on spending, which continues in a never-ending downward spiral.
Thanks to dollarisation, the weakest and most problematic banks have been removed from the system which has aided stability. However, Zimbabwe has been left with a smaller banking system, in terms of financial penetration. While the dollarisation has to some extent revived the savings culture, the levels of savings in the economy remains too low to support significant growth in credit extension necessary to lift the economy. What we know is that one cannot spend one’s way to prosperity and wealth creation and growth only come out of savings which can thus be directed toward investment. The central bank has to play a role in creating the environment in which this conversion of saving to investment is possible.
In conclusion, however, the long-term sustainability of monetary policy in a dollarised economy with the characteristics such as those reflected by Zimbabwe remains uncertain as significant institutional weaknesses in the economy and banking system continue. Only time will tell.

l Nesbert Ruwo (CFA) and Jotham Makarudze (CFA) are investment professionals based in South Africa. They can be contacted on media@opportunvest.co.za   LINK

DINAR IRAQ & DONG VIETNAM UPDATE, 31 MAY

Dinar Iraq and Dong Vietnam :Dr. S [Shabibi] got permission from the IMF…the green-light…he told them he needed security and “funding.” That funding was to just last them a month and this month is coming to an end. They are asking for more money … but I don’t think they’ll give it to them. Oil from Iraq will go global. Cities will be secured. Amazing technology being used …in Iraq right now. Our Teams are “cautiously optimistic” because the advancement has happened so fast! We are very impressed. Super high chance before Ramadan. Ramadan officially starts on the 18th of June.
*****
The article came out today …the currency…the new notes are going to compete with the other currencies in Iraq – meaning the dollar, the Euro’s or whatever they’ve got there. They stated they were going to give value to the Iraqi dinar…indirectly they are giving you the announcement right there. I’m excited!
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(Bremer) was head of the Iraqi coalition authority when it abolished the Iraqi currency at the end of 2003 to find work reduces the presence of zeros, because the Iraqi economy exceeds traditional inflation stages until came to the brink of collapse, this is one of the means at hand to address the weak value of the Iraqi dinar, according to the monetary and banking law, must return to the high value a strong factor in restoring confidence in the national currency, delete the three zeros from the currency now put parts of metal and paper dinars, of which (5, 10, 25, 50, 100, 250 and 500) Fils. That will bring the following benefits:

1. ease of circulation and visibility and knowledge of monetary value easily even for foreign Assistant to purchase, handle its corresponding confidence raises the monetary value against other currencies.
2. perishable paper damage, however the coin resists trading and therefore be manufactured again.
3. reduce the cost of printing the printed (25) to replace the dinar (25000) currency is easier and the quality will be high.
4. strengthening and improvement of the fabric by adding elements of world currencies that resists the elements such as water, resist fragmentation and atomization.
5. reduce the cost of storage in banks, we need less safe and less effort and fewer personnel whenever control and high security.
6. easily transported long distances and easily provide high safety rate them.
7. strong currency contributes to the strengthening of the national economy.
8. provides the speed and accuracy in accounting.
9. give personnel greater self-confidence.
10. a potential error in the calculation of its simplicity and clarity.
11. This will restore the confidence of banks and increasing trade.
12. also expand monetary value against the US dollar, and Euro.
13. the specifications printed make them difficult to counterfeit.
There are many States which had embarked on this procedure, including Turkey even abolished the term million to replace the thousand, whereas the withdrawal of the old currency with a new currency and the ceiling of the old handle off of the standard months, in light of the Government’s failure to put banks in dealing to vanish during the specified period..
* Fahd ANTAR dokhi Iraqi economists society member