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DINARESGURUS.BLOGSPOT.COM_________________ _______

Saturday, June 20, 2015

WMAWHITE UPDATE, 20 JUNE

Urgent .. Keywords: central bank intervention in the decisions that affect the work

Follow-up – The governor of the Bank of the Central Bank of Iraq on the Keywords, the bank agreed with the Association of private banks to develop procedures to support the stability of the currency exchange rate.
According Keywords in a joint press conference with the President of the Association of private banks and depositary Handal, that “change or raise the exchange rate means carrying citizen direct burden of this increase, what happened in the past few days is not normal, pointing to attempts to involve the kind of speculation and other things “noting that” it is not reasonable to increase the exchange rate within one day 100 degrees and can not be the only factors and the presence of non-natural causes leading to this increase. ”
He continued, “As long as we are able to respond to the request, no matter how its size, we have no fears or concerns to influence the exchange rate.” alrayy.com
wmawhite: For sure,.....there is a lot happening and Iraq is involved in many discussions with many countries.

puffdragon: This was my take from BGG explaining this emergency meeting for Sunday and Alak should be worried, with this press conference of Alak’s - he is IMO (worried).  
beth: And what are your thoughts about Alak today?
beth: I just want to pick your brain. (lol)

wmawhite: The CBI will proceed in a manner to carry out the policies of the GOI. This (what we want) is NOT single faceted. It is very involved and is tied to the outside world currency markets.

beth: Supply and Demand...right?

wmawhite: Exactly,.............what we see and read about, on the streets, market rate, is not the yet to be announced international value of the IQD. Instead, the GOI is preparing the citizen for what they will carry in their pockets. What we want is not spoken about openly.

beth: I agree there

jd: I’m just afraid if USA does not help Iraq then China, Iran or Russa will and totally cut us out of the RV all together. Obamas hands off approach may push us out of this whole process??

Baxter1243: JD.. how would that be possible.. currency is currency... no matter where you are...

wmawhite: When a country changes its value of its currency it applies to the entire world. It is impossible to "cut" a country out of recognizing the value of what you want the entire world to use.

beth: I have to remind myself daily that these articles that we see are really meant ONLY for the Iraqis to read. They aren't meant for us to read. But we do anyways and then try to understand what they are really saying.

cowboywads: JD OUR GOVERNMENT HAS TOO MANY DINAR FOR THAT TO HAPPEN

wmawhite”": Let me give you an example............the CBI informs all banks in Iraq to start paying foreign bills (remittances) in IQD instead of USD. And that the exchange rate/value will be XXX IQD for every 1 such and such. What is this? This was an example of a change in value of the IQD...........how can and why would Iraq want to cut any country out? Instead, they will want all of the world to participate.

beth: Exactly !!!

jd: Im not sure that Iraq trusts the USA a whole lot.

beth: I love the way you explain things in layman terms. Makes it so much easier for US to understand. So Thank You :-*

jd:Sadr really thinks highly of us.

cowboywads: JD TAKE A BREATH AND RELAX YOUR GOING TO BE RICH LOL
beth”: Iraq will always do what is best for Iraq and the Iraqi Citizens !

wmawhite: The introduction of the IQD to the world currency markets has zero to do with trust of the USA. 

puffdragon:
 Dont get him to excited he might have to change !!
jd: I just see a lot of land mines along the way.

beth: And with the IQD in the World Currency Market is HUGE and much NEEDED for Iraq's future.

wmawhite:
 And some asteroid may wipe out earth too............but why worry about that.

jd: You are right.

puffdragon:
 You got it I’m impressed !

wmawhite:
 We are blessed to be sitting on this.................it still applies...........it has never been about if.........instead, we wait on when.

diagyAAAE: I agree mr white

mimi3:
 well I am ready for the blessing!!

MY LADIES UPDATE :"All Over The World- It's Happening!", 20 JUNE

MY LADIES:  BIG SIGNALS OF THINGS CHANGING...NORMAL OPERATING PROCEDURE IS SAUDI WILL NOT TAKE A BREATH OF FRESH AIR UNLESS THE USA TELLS THEM TO OPEN A WINDOW.

BUT NOW LOOK AT WHAT WE'RE SEEING, AND WHATEVER SAUDI DOES THE REST OF THE KINGDOM FOLLOWS...THE GCC IS VERY ORGANIZED LIKE THAT

Putin to discuss energy cooperation with S. Arabian crown prince in St. Petersburg - aide

http://rbth.com/news/2015/06/17/putin_to_discuss_energy_cooperation_with_s_arabian_crown_prince_in_st_pe_46976.html)
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MY LADIES:  SPIEF 2015 Forum Theme: ‘Time to Act: Shared Paths to Stability and Growth’


18-20 June

http://rbth.com/business_calendar/2015/05/06/spief_2015_forum_theme_time_to_act_shared_paths_to_stabilit_45769.html)

The 19th St. Petersburg International Economic Forum will once again bring together heads of states and governments, political leaders, CEOs and senior executives of major Russian and international companies, leading experts, media representatives as well as government delegations from key economies on June 18–20, 2015. The theme of this year’s Forum will be Time to Act: Shared Paths to Stability and Growth.

The business programme will be marked by a variety of international events and formats. St. Petersburg has been chosen as the platform for key international events of this year’s business agenda: the SCO and BRICS Business Forums and the G20 Advisory Forum. The Forum will include an Energy Summit with the heads of energy companies, a Media Summit, and a Young Leaders Forum. New formats such as SPIEF DEBATE will be coupled with traditional panel discussions, briefings, TV debates, arena debates, seminars, round tables, business breakfasts, ‘Conversations with the Extraordinary’– which taken together promise to create a rich and engaging platform for the exchange of ideas and insights on some of the most pressing issues confronting global economics and business.

The discussions will cover four main topics of the programme:

    GLOBAL ECONOMY: NEW CHALLENGES AND SHIFTING HORIZONS

    RUSSIA: SEIZING THE OPPORTUNITIES

    HUMAN CAPITAL AND TALENT DEVELOPMENT

    DISRUPTORS: TRENDS AND TECHNOLOGIES

 
The SPIEF agenda is developed with the input from leading business, economics and finance figures; representatives of professional business associations, media leaders and think tanks; and prominent government figures and experts the world over. Detailed information: www.forumspb.com

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MY LADIES:  I WOULD LIKE EVERYONE TO WATCH THIS PANEL DISCUSSION PLEASE...

THERE WILL BE A QUIZ....LOL...

THE FUTURE OF THE ELECTRONIC WALLET AND THE MODERNIZATION OF GLOBAL PAYMENT PLATFORMS
http://www.forumspb.com/en/2015/sections/50/materials/260/sessions/1121

SO THE SAINT PETERSBURG INTERNATIONAL ECONOMIC FORUM IS THE RUSSIAN VERSION OF DAVOS.

NOW WHEN YOU HAVE TIME CLICK THROUGH THE PANEL DISCUSSIONS THAT TOOK PLACE YETERDAY THESE ARE ALL SIGNS OF THE CHANGE THAT'S COMING.

HERE IS THE DAYS EVENTS, GET YOUR ICECREAM OR COFFEE OR POP CORN AND GET COMFY..VERY INFORMATIVE STUFF HERE,

The programme is published as at June 19, 2015

http://www.forumspb.com/en/2015/sections/50/materials/260#!

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MY LADIES:  ALL RIGHT SO WE CAN TAKE BREAK FROM RUSSIA...I'M MOVING INTO IRAN NOW...

 [4:04 PM] Princess DD: <<< Iran May Offer West New Oil Terms — Energy Journal

http://blogs.wsj.com/moneybeat/2015/06/19/iran-may-offer-west-new-oil-terms-energy-journal/

OK SO I REALLY LIKE THIS ONE. ARE WE SEEING A SENSE OF URGENCY TO HAVE THESE SANCTIONS LIFTED?? WHY IS THAT???

SO LET'S HAVE A SEAT AND THINK ABOUT THIS FOR A MIN. WE ARE WATCHING A NEW BANKING SYSTEM COME FORWARD RIGHT??

AND ALL MARKETS AND CURRENCIES ARE GOING TO BE MORE TRANSPARENT RIGHT??

AND EVERYONE WILL BE UNDER BASEL III COMPLIANCES RIGHT???

JG:  because a globel reset is about to take place

MY LADIES:  WELL I ASK YOU HOW WILL THE SNOWBALL GO DOWN THE MOUNTAIN SMOOTHLY IF THERE ARE PARTS OF THE BANKING SYSTEM DISCONNECTED????

Dave:
 Because Bloomberg report said there currency will return to what it was before (y) I CKED THE OP RATES OF EXCH YESTERDAY AND I COULD ONLY GO BAC TO 2005, rate b4 WAS ONLY A FOUR TIME MORE VALUE……  THE RUMOR HOWEVER FOR IRAN IS 3.00

MY LADIES:  SO YOU SEE THE TARGET DATE OF THE 30TH OF JUNE SENDS ME A SIGNAL THAT THE BANKING SYSTEM IS ABOUT TO BE TURNED ON.

NOW AGAIN IF ALL COUNTRIES BORDERING IRAQ ARE IN THE NEW SYSTEM,  WILL IRAQ REMAIN ISOLATED???

WHAT DID WE JUST READ BEFORE? WHAT DID THE OIL MINISTER JUST TELL US ABOUT CREDIT RATING AND THE NEED FOR IRAQ TO BE RE CONNECTED TO THE GLOBE.

Iraq's sovereign rating announces next month  http://www.alliraqnews.com/modules/news/article.php?storyid=7486

IT'S POSTED ABOVE AND IT WAS VERY INFORMATIVE.

I HOPE YOUR ALL READING THE EVENTS FROM THE ECONOMIC FORUM FROM YESTERDAY BECAUSE THAT IS ALL A SNEAK PEEK AT THE NEW SYSTEM.

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[4:31 PM] Princess DD: <<< US signals first ever U-turn on Iran sanctions

http://www.presstv.ir/Detail/2015/06/17/416268/iran-sanctions-nuclear-talks-kerry

MY LADIES:  WELL LOOK AT THAT...2 MIRACLES..THE FIRST ONE IS KERRY IS NOT DEAD...HAHAHAHA

AND THE SECOND IS ALMOST SCREAMING THE SANCTIONS WILL BE LIFTED...

THIS IS ALL PROGRESS AND YOU CAN NOW START TO GET A LITTLE EXCITED.

REMEMBER THE AUTHORS HAVE THE PLAY BILL AND TURN BY TURN DIRECTIONS, WE CAN ONLY GO ALONG FOR THE RIDE,

BUT THE FACT THAT WE ARE SEEING THEM SET THINGS UP SO IT ALL APPEARS SUPRISED AND NOT ORCHESTRATED IS AMAZING!!

YES MY FLEDGLINGS WE ARE VERY CLOSE NOW...THE NEW SYSTEM IS ON THE RIGHT TRACKS

WE KEEP WATCHING...BUT IN THE NEXT FEW WEEKS I THINK WE WILL SEE THE CURTAINS GOING UP MORE AND MORE.

IQD NOVA:  IRAQ WILL NOT BE LEFT BEHIND!!!!

Dave:  IRAN MAY B FIRST OUT OF THE GATE IT APPEARS

MY LADIES:  OH OK...RIGHT..BUT WE ARE AT THE TOP OF THE STRETCH NOW

PrincessDD: Good news: U.S. may lift sanctions before confirming Iran’s previous work on nuclear weapons   http://hotair.com/archives/2015/06/17/good-news-u-s-may-lift-sanctions-before-confirming-irans-previous-work-on-nuclear-weapons/

Princess DD: <<< Iran offers West better oil-contract terms
http://www.bdlive.co.za/world/mideast/2015/06/19/iran-offers-west-better-oil-contract-terms

MY LADIES:  HAHAHA HERE THEY ARE SWITCHING UNDERWEAR AGAIN...LOL..

SO SAUDI WILL WORK DEALS WITH RUSSIA AND IRAN WILL WORK DEALS WITH THE USA.. OH THEY ARE GETTING SO SO PREDICTABLE...LOL..

BUT IT ALL SPELLS BETTER TRADE PRICES OF CURRENCY.

IQD NOVA:  WOW WHAT A DAY YOU ALL HAVE HAD!!!!  IT IS AMAZING HOW SMART THESE PEOPLE ARE!!!!!

MY LADIES:  NOVA THEY HAVE REALLY GROWN AND ARE AMAZING TO WATCH...WHEN YOU SHAKE DINAR LAND CRAPOLA FROM YOUR HEAD AND BUCKLE DOWN TO THE GLOBAL ECONOMICS YOU CAN GET A BETTER LEVEL OF EXCITEMENT BECAUSE GLOBAL ECONOMICS IS SOMETHING THAT IS REAL AND DOES NOT RELY ON TEAMS OR INTEL OR HYPE AND STUFF..

MY LADIES:  TODAY WAS A GOOD DAY..WE WENT ALL OVER THE PLACE...LOL...

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PrincessDD: Terminate sanctions on day of implementing n-deal: Iran

https://en-maktoob.news.yahoo.com/terminate-sanctions-day-implementing-n-deal-iran-105304357.html

MY LADIES:  LET'S HOPE SO AND THEN LET'S LOOK TO RUSSIA AND VENEZUELA, WHICH IS MENTIONED BY THE WAY IN THE FORUM LINE UP FROM YESTERDAY...

LIFT THEM ALL AND LET THE NEW WAY BE ACTIVE...

Bandito Rox:  July 7th Russia BRICS

MY LADIES:  YES YES...THAT IS GOOD TOO, LET'S KEEP WATCHING FOR MORE ON THIS...

PrincessDD: Whether Greece stays or goes, the Eurozone must change to survive

http://www.independent.ie/opinion/columnists/brendan-keenan/whether-greece-stays-or-goes-the-eurozone-must-change-to-survive-31316457.html

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PrincessDD:  Ireland must start working on its anti-Brexit strategy


http://www.independent.ie/opinion/columnists/brendan-keenan/ireland-must-start-working-on-its-antibrexit-strategy-31310196.html

MY LADIES:  EVERYONE EVERY WHERE IS BEING EFFECTED, WE ARE SEEING THIS MORE AND MORE THE CLOSER WE GET

BREXIT STRAEGY...LOL...WHAT'S NEXT...LOL..

PrincessDD:  Eurozone Summit Called After Ministers Fail to Reach Bailout Deal

Special summit of eurozone leaders called for Monday   http://www.wsj.com/articles/greece-eurozone-seek-to-resolve-differences-as-deadline-looms-1434608876

PrincessDD:  George Will: Let Greece withdraw from the Eurozone   http://www.pal-item.com/story/opinion/columnists/2015/06/20/george-will-let-greece-withdraw-eurozone/28961523/

PrincessDD:  Greece's Varoufakis says euro zone dangerously close to 'accident'http://uk.reuters.com/article/2015/06/18/uk-eurozone-greece-varoufakis-idUKKBN0OY2P320150618

Theres that accident stuff again

IMF Approves $314 Million Disbursement for Bailed-out Cyprus

http://abcnews.go.com/International/wireStory/imf-approves-314-million-disbursement-bailed-cyprus-31898775

Amid deadlock on Greece, IMF releases funds to Cyprus (This is already a Sunday Message on the 21st)http://www.ekathimerini.com/4dcgi/_w_articles_wsite2_1_20/06/2015_551291

IMF Programs a 'Failure' in Greece, Ukraine, says Fund Director
http://www.telesurtv.net/english/news/IMF-Programs-a-Failure-in-Greece-Ukraine-says-Fund-Director-20150620-0008.html.

IQD NOVA:  WE MAY SEE DEBT FORGIVENESS WITH GREECE.

ITS JUST A NICE WAY OF COVERING UP FOR DEFAULT.

IT WILL HAVE THE SAME EFFECT ON THE DEBT MARKETS!!!!

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BRICS members hail integration ahead of July forum
http://zeenews.india.com/news/world/brics-members-hail-integration-ahead-of-july-forum_1616389.html

BRICS: The game changer  Published — Monday 22 June 2015
http://www.arabnews.com/letters/news/764896

GH:  it really looks like most countries taking 1 giant step forward this week!!!

PrincessDD:  BRICS, AIIB Not a Challenge, But a Wake-Up Call for West – IMF Read more:http://sputniknews.com/europe/20150619/1023581947.html#ixzz3de9XRWXv

Sounds like they are holding out for a clean slate.

PrincessDD:  Greece Could Join BRICS Bank on Equal Basis as Soon as Launched Readmore: http://sputniknews.com/business/20150619/1023595850.html#ixzz3de9ugVnv

AW:  How many different ways can I spelled "amazed" at all of the happenings/events that are going on at this moment.............and Iraq is sitting in on these meetings too….Iraq,.....imo is a part of this process.........they are not on the outside looking in.

MY LADIES:  OH YEA THEY WERE THERE…. RIGHT THEY HAVE EQUAL FOOTING LIKE EVERYONE ELSE...REMEMBER WHEN THE SYSTEM TURNS ON IT WILL BE LIKE NONE OTHER AND WHERE WAS IT CREATED???? …..IN IRAQ… RIGHT?...THEY TELL US RIGHT ON THE CBI WEB SITE THAT THE SYSTEM IS TOPS IN THE WORLD AND WILL BE THE LEADING SYSTEM OF ALL ELSE....RIGHT??

MY LADIES:  <<< Greece Could Join BRICS Bank on Equal Basis as Soon as Launched

Read more:http://sputniknews.com/business/20150619/1023595850.html#ixzz3de9ugVnv

WELL HOW ABOUT THIS AND WHEN IS THE LAUNCH??

On April 16, Russian Finance Minister Anton Siluanov said the New Development Bank would be launched prior to the BRICS summit in the Russian city of Ufa on July 9-10.

Read more:http://sputniknews.com/business/20150619/1023595850.html#ixzz3deBX9Mp1

BEFORE JULY 9TH...WE ARE GETTING CLOSE NOW...

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MY LADIES:  HUMMM LOOK AT THIS ...CAN YOU SAY WHISPERS IN THE DARK...LOL... http://i.telegraph.co.uk/multimedia/archive/03347/tsipras-putin-gree_3347350b.jpg

GH: Looks like it's right out in broad daylight to me Mary!  yup...

MY LADIES:  YEP BEHIND YOUR BACK IN FRONT OF YOUR FACE...LOL...

Princess DD: <<< Bond Investors Look to Euro Leaders’ Summit as Greek Deal Eludes   http://www.bloomberg.com/news/articles/2015-06-20/bond-investors-look-to-euro-leaders-summit-as-greek-deal-eludes   

MY LADIES:  MORE DATES TO WATCH FOR..

Belgium and the Netherlands are due to sell bonds next week, while France, Spain and Italy auction treasury bills. Italy is also scheduled to sell inflation-linked bonds on June 25.

The “summer lull in bond issuance is already beginning,” said Daheim.

JUNE 23RD AND JUNE 25TH.

PrincessDD:  That's next week! And the swift system going live next week won't hurt either

Blessed123:  I am almost getting excited! LOL.... seems we are sooooooo close.

MY LADIES:  WHEN YOU SEE AN ARTICLE HERE OR AN ARTICLE THERE YOU SKIM ON BY.

BUT WHEN WE LINE IT ALL UP ALL AT ONCE FROM ALL OVER THE GLOBE IT STARTS TO LOOK LIKE OMG!! THIS IS HAPPENING...
AND THIS IS HOW IT'S GOING TO HAPPEN..

Dale:  The BRICS have set up a new “swift” payment system…and it is set to go live shortly…I think I read it from Simon Black, but not sure…Mary are you aware of this new system to rival SWIFT?

MY LADIES:  YES DALE AND IT SHOULD START BEFORE THE 7TH OF JULY....BUT I DO NOT THINK IT WILL RIVAL SWIFT...THERE ARE SO MANY MULTI LATERAL CONTRACTS AND NOW COUNTRIES ARE HAVING THEIR OWN SETTLEMENT SYSTEM SINCE WE ALL KNOW THE DOLLAR WILL NOT BE THE EXCLUSIVE RESERVE ANY MORE.

Dale:  if the new system is not tied to the FedRes, I would think it has a potential to be safer since they are not swamped in deriviatives

MY LADIES:  WELL YEA THAT IS THE PLAN.. WELL CIPS WILL BE TIED TO CHINA, AND BRICS TO RUSSIA

PrincessDD:  Why would they allow the USD to stay in the SDR basket?  Unless the others being gold back will be their support currency

MY LADIES:  WELL WHY WOULDN'T THEY?? THE USD IS NOT GOING ANYWHERE, AND THE USA IS BASEL COMPLIANT..BUT THERE IS TOO MUCH PRESSURE ON THE DOLLAR TO PERFORM WHICH IS WHY IT'S SO HIGH, SO THERE WILL BE ADDITIONAL RESERVE CURRENCIES TO PICK UP THE SLACK.

NOW REMEMBER BASEL DOES NOT MEAN GOLD NECESSARILY..THERE ARE MANY THINGS ARE CONSIDERED ASSET BACKING INCLUDING PEOPLE…. THIS IS WHY I HAVE BEEN TALKING ABOUT COMMODITIES TOO..WE HAVE PLENTY OF COMMODITIES THAT WILL BE FREE AND ABLE TO HAVE THEIR ACTUAL WORTH NOTICED ON THE UPSIDE OF THE SOVEREIGN DEBT CORRECTION.

GH:  the USD will still be in the sdr basket..........just not the MAIN reserve currency anymore

MY LADIES:   CORRECT..IT WILL BE 1 OF 5

PrincessDD:  People are bonds too. Marriage bonds, birth bonds etc. We are the FULL FAITH and CREDIT of our country

M.USC:  Yes, we are witnessing history while it's actually happening ... and we are part of such a tiny minority of the global population doing so!     I feel so incredibly fortunate to be here!

MY LADIES: .SO WE WAIT AND SEE WHAT HAPPENS TOMORROW AROUND THE GLOBE...LOL...

ENORRSTE UPDATE, 20 JUNE

Article: "Central Bank current problems as a result of the loss of independence" I am encouraged that Shabibi stepped into the argument, finally.  We now have Shabibi, Saleh, and Abadi on one side and, presumably, the CBI and possibly Maliki backing the play, on the other side. The real question here isn't what Shabibi has said:  that is all old news to us. What is the question is whether his entry into the discussion will move the ball forward. Even though he is out, he still carries a very big stick. He also has the backing of the IMF, totally.
Therefore, it would not surprise me if some new "policy decisions" came out from the CBI shortly (of course the advent of Ramadan may make "shortly" last over 30 days!).  It is clear to me that what Shabibi has stated is absolutely accurate: the meddling of the GOI and Parliament into CBI monetary policy has caused the problem that exists today with the wide spread. Whether Allaq has the knowledge or courage to take the proper corrective measures remains to be seen.

In my view they should return to the auctions with no limits, for the time being. This will increase confidence in the dinar as the CBI becomes more "transparent" rather than "hamstrung." They should also issue the larger notes sooner rather than later. This will allow a reduction in the money supply which will have a positive effect on the value of the dinar.  It will also offer a counterpart to the American $50 and $100 which seems to be a problem for the locals (according to Saleh and others). Finally, as the value begins to come back, they should change the exchange rate regime while it is moving upward. This will encourage more trade in the dinar and a faster rise in its value. 

NEWS RECAP: Iraqi Dinar: Iraq calls for a review of the dinar exchange rate (good read), 20 JUNE


Friday, April 17, 2015

Iraq calls for a review of the dinar exchange rate

The CBI has issued resolutions aimed at raising the value of the dinar against the dollar, which included doubling the share of banking from companies, and allow banks «rational» and «Iraq» and «Government Commerce» open windows to sell the dollar for banking companies and small importers, reflected on the commercial market, which saw a significant decrease in the dollar's exchange rate after rising from 1228 to 1334 dinars to the dollar.

The decisions of the «Central» repercussions deemed interested in it contributed to the improvement in the dinar exchange rate, especially in light of the increasing demand for the dollar to settle import goods from the requirements, arguing the stability of the market accompanied by a relative increase in the value of the dinar.

He suggested the former deputy governor «Central» Economic Adviser to the Prime Minister the appearance of Mohammed Saleh correct path and the value of the dinar new prices in line with the economic situation faced by the country, saying that the official price of the dinar against the dollar is unrealistic in the current circumstances.

He said in a statement to «life» that «the central reserves» covers currency in circulation increased by one and a half times and is built on the basis of the $ 103 price for a barrel of oil with a surplus in the balance of payments, but the situation has now changed after the decline in oil prices, causing a deficit in the current account the balance of payments. 

He stressed the need to «lift restrictions on the central determining amounts sell the currency within Article 50 of the federal budget for the 2015 law, because of this restriction, the risk to the stability of the Iraqi market, as the central pricing is not conducive to stability in the presence of the parallel market». 

Article 50 of the federal budget bill that «Central is committed to identifying sales of the dollar in daily auction ceiling does not exceed $ 75 million». Saleh pointed out that «there is no room to deal with the deficit in the current account of the balance of payments official Baltsairh followed the dinar, which leads to the depletion of foreign currency».

He quoted economist Maytham Laibi saying that reducing the number of outlets selling the currency policy did not achieve results because they limited the ability of the market to expand into selling the dollar across multiple ports. 

He explained that the inventory of outlets selling the currency led to a monopoly, which in turn led to price controls in a larger format, so it has been working on the expansion of the number of ports. 

He added that the decline in the dollar exchange rate will remain subject to the height or the dollar amounts that can «Central» available to the market, and this depends on oil prices. link

KTFA CHAT UPDATE, 20 JUNE

KTFA:

boxman :Guess this means we should be on the lookout for the lower denoms...
will be interesting to see their appearance...

Frank26:  This month DRS said by next month.

Pray for consistency in their accomplishments of the MR.

KTFA   Frank

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strongcbm :hummmmm.... "by" next month.... Dictionary.com....by=not later than; at or before: I usually finish work "by" five o'clock. PRAYING FOR CONSISTENCY ! ! !

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ZOCHOWSKI:  AFTERNOON "STRONGCBM"

IMO, WE NEED TO REMEMBER "NEXT MONTH" WAS STATED EARLIER IN JUNE...

THAT BEING SAID, THIER NEXT MONTH WAS RAMADAN WHICH STARTED LESS THAN 4 DAYS AGO............

WHOS TO SAY THEY WERE "NOT" TALKING BOUT RAMADAN?????????

KEEP THIS IN MIND, IS ALL AM SAYING........G/B M/Z

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Pc1rock:  Just thinking... IMO... Is the CBI and the GOI looking to give the people of Iraq a gift before Edi??? Since it its a time for giving too... It would be christmas in July!

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boxman :HMMM... not giving the citizens dinars, for their deposits...Hmm...(see article below)

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Frank26:  LOL........ Caught that did You grasshopper?

Tell me ........ When are dinars more valuable than a Powerful USD?

Regardless of what their laws say.

IMO.  Now.

KTFA   Frank..... Master Card anyone?


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walkongstick:  Central Bank directed to pay deposits of citizens "in dollars, not dinars"
Author: Publisher on:June 20, 2015In:

BAGHDAD / Center Brief for the Iraqi Media Network (IMN) - Economic expert on behalf of Jamil Anton said the central bank has directed that all banks to pay deposits of citizens in dollars and not in Iraqi dinars.

He added Anton's (IMN) that "the orders issued by the Central Bank that depositors dollar citizens pulling their money in dollars and can not give them irreplaceable in Iraqi dinars, because the currency rate differs within the bank and outside," noting that "the bank when let loose deposits of citizens be at a reduced price 1200 up outside the bank, while up to 1,400 during the past few days. "

Anton explained that "Action taken by the central bank to raise the proportion of 8% of the income tax and fees at the present time come for the benefit of the country so that the compression process resulting from the rise of the dollar exchange rate in recent stop."

And the expert that "the central bank took measures have led to a marked decline in the dollar exchange rate due to the sale of high quantities of the dollar after it was selling 75 milliondollars under Article 50 of the instructions and the budget and reached 203 in last Thursday.

Anton pointed out that "coordination between fiscal and monetary policy in Iraq and take important measures will mitigate the rise in the dollar as well as a reserve nearly 68 billion dollars in the Central Bank, explaining that it" factors leading to thwart the scheme, which sought the black powers to lift the dollar and the creation of cramps in the local markets.

http://center-imn.net/1/?p=15475

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fbs :Good afternoon everyone and I have a comment than a question. Remember family we was taught when the CBI speaks we should listen. They are speaking and I am listening. Now Frank my question for you Sir are you hearing something different than end of year for 50000 Dinar notes and paying citizens in dollars? I am just saying the elephant is in the room. So you might as well ask why its sitting there.Thank you for your answer.

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Frank26:
  Deception is magnified by illusions like cardboard tanks at the borders of a nation.

Keep in Your thoughts they cannot replace or issue anything new ....... That does not exist.

Or ....... Just because we see Jurassic Park as a movie does not mean dinosaurs are real....... Wink.

KTFA   Frank


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DLB:
  I know many people are hurting both physically and monetarily, praying and asking God for a blessing. Yesterday while in my alone time I believe the Great Spirit revealed something to me and I will share with all of you. Please, do your own research. This is my opinion only.

Could it be that a neighbor of Iraq is about to revalue its currency? A neighbor that has been a thorn in Iraq's side forever. A country that was $3 plus to one of its currency.

We know that the powers that be, P5 + 1 placed sanctions on Iran and the Iraian Rial. We have heard Our leaders say June 30 2015 is the deadline for a deal. We have heard Iran say that the only way is if all sanctions are lifted. ALL SANCTIONS LIFTED.

The Iraian Rial is around 29,500 to one U.S. dollar. But it was 3+. We have a date from our own leaders, June 30 2015. Have I had a vision of things to come first? Or am I way way off.

Regardless I bought all the Rial yesterday I could believing I am right. Do your own research and form your own opinion. But I believe all sanctions will be lifted off Iran June 30th this year and I believe the Great Spirit showed me this to share with all of you. JMO, food for thought, and we only have 10 days.

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

ZOCHOWSKI:  AFTERNOON"DLB"

LIKE YOUR THINKING............YES, JUNE 30TH IS THE DEADLINE PERSAY, WITH IRAN SANCTIONS LIFTED/WORK ON A DEAL WITH NUCLEAR STUFF, I BELIEVE..........
THIS IS ALSO THE "NEW" DATE THAT GREECE PUT OUT TO PAY 1.5B ??????????????

WILL GO WAY OUT NOW, I BELIEVE F26 MENTIONED SOME ITEMS OF IMPORTANCE WHEN IT WAS STATED WITH A GIVE "MATH PROBLEM" THAT I FOUND TO BE VERY INTRESTING............RAMADAN EXPECTATIONS WHICH WERE AT ONE POINT 30%TO 40% TO HAVE DROPPED FROM 30% DOWN TO 19%............

TO ADD FURTHER, WITH ANOTHER ITEM CONCERNING THE ARTICLE8/8% I FIND THIS ALSO TO B COMPELLING..........

AND I LOVE THIS ONE!!!!!!!!!!   "KEY WORDS", REALLY???????

I WOULD LIKE TO SEE KEY ABBREVIATIONS............LIKE "RI" FROM THE "CBI/IMF" ONCE THE "GOI" DECIDES TO PASS THE "AMNESTY LAW" WITH THE "INTERNATIONAL GUARD LAW".............
THEN WE HAVE THE "BONDS" TO SELL FROM THE "ISX"............

THEN LATER WE CAN SEE THE "RV" DOWN THE ROAD.......... ANYWAY, G/B M/Z

MY LADIES CHAT : IRAQ NEEDS TO MOVE WITH THE SYSTEM, 20 JUNE

6:41AM: WC:  From the moment they introduced a re-invention of asset class currency we knew that fiat would be sucking wind.

Now I am not sure how Greece's default will really do anything for the dinar, but should thrash the bond markets and underlying swap deals (perhaps not true with all these recent swap deals).

 So the brics are bringing on their new bank and system, big deal.  They are poor in nature and are fed from our breast, IMO.

The IMF have been warning fiat currency nations that if they prepare in the right way, they should not fear asset based currencies.  So all of that to say Iraq I believe will be one of those asset based currencies. 

Their currency problems is like you having a one million dollar painting in your living room, but only having one dollar in your wallet.  You too would be having liquidity issues until you leveraged that painting.  Oh, but what do I know....nothing
....
IQD NOVA:  GOOD MORNING ALL!! I Agree With ML From Last Night. The Next 30 Days Are Filled With Change That Has Never Been Seen Before!!! And Iraq Is Right In The Middle Of It!!!

MY LADIES: WC..I AGREE COMPLETELY WITH YOU, THIS IS ALL A BOAT LOAD OF LIP SERVICE. IN A NUT SHELL WHAT WE HAVE GOING ON IS ONE OF NOVA'S FAVORITE PHRASES,;

WHAT DO YOU DO WHEN YOU OVERDRAW AND BREAK ONE BANKING SYSTEM??

YOU START A NEW ONE, .....BASICALLY THAT IS WHAT'S GOING ON.

THERE WILL BE NO GREAT DIVIDE OR NO OVER THROWING OF ANYTHING.

WHAT WE ARE SEEING ARE ALL THE SAME PEOPLE EXCHANGING UNDERWEAR WITH EACH OTHER AND DESIGNING A NEW SYSTEM THAT WILL BE A BIT MORE DIFFICULT TO BREAK.

(AT LEAST IN THE BEGINNING)

IQD NOVA:  AGREED!!!!!!!!!!!!!!!!!!!

MY LADIES:  HOW DOES ANY OF THIS RELATE TO THE DINAR???

DIRECTLY IT DOESN'T. BUT AS THE SYSTEM MOVES ALONG I THINK IRAQ WILL JOIN IN.

WE ARE SEEING THE MIDDLE EAST ALREADY MAKING COVER YOU’RE A** MOVES.

WHAT DID SAUDI DO ON MONDAY FOR THE FIRST TIME EVER???

WHAT IS THE GCC GOING TO FOLLOW WITH???

THE MIDDLE EAST HOLDS A FEW TRILLION U S DOLLARS, WELL THE DOLLAR WILL BE CORRECTING TOO.

WHAT WILL HAPPEN TO THE TRILLIONS FLOATING AROUND IN THE MIDDLE EAST???

SAUDI HAS SAID THEY ARE GOING TO INCREASE THE DEMAND FOR THE RIYAL RIGHT??

SO NOW THEY ARE DOING DEALS WITH RUSSIA, WE SHOULD NOT ASSUME THOSE DEALS ARE IN THE DOLLAR SHOULD WE??

SO IF SAUDI IS MAKING MOVES TO INCREASE THE DEMAND OF THEIR CURRENCY IT SEEMS LOGICAL TO ASSUME THE REST OF THE GULF WILL START MAKING SIMILAR MOVES.

WHAT DID DUBAI DO THIS WEEK FOR THE FIRST TIME EVER???

ANYONE HERE KNOW????

MY LADIES:  THEY LAUNCHED THE ELECTRONIC WALLET OFFICIALLY FOR THE FIRST TIME.

WELL WHAT DOES THAT MEAN???

THAT MEANS THE NEW SYSTEM IS WELL UNDERWAY AND A BIT FURTHER DOWN THE ROAD THAN WE THOUGHT.

ALL THESE ARTICLES HAVE BEEN BROUGHT IN DURING THE WEEK, IF YOU HAVE TIME GO BACK AND HAVE A LOOK.

SO WHAT DUBAI DID COULD THAT BE THE BEGINNING OF WHAT GORDON LONG TALKED ABOUT?? LET'S GO BACK AND HAVE ANOTHER LISTEN TO HIM MAYBE.

HERE IS THE VIDEO AGAIN FOR THOSE WHO MISSED IT

LET'S ALL WATCH THIS PLEASE...THERE'S GOING TO BE A QUIZ....

https://www.youtube.com/watch?v=3vseg6-5ldI&feature=youtu.be

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

MY LADIES:  SO NOW LET'S LOOK OVER TO CHINA AND SEE WHAT THEY HAVE GOING ON...HUMM LOTS OF STUFF ON THIS CONTINENT

WILL THEY BE IN THE NEW COMPOSITION AS AN ADDITIONAL RESERVE CURRENCY???

WELL WE DON'T KNOW FOR SURE BUT THEY ARE CERTAINLY COUNTING ON IT.

SO BACK TO THIS...WHAT IS HAPPENING WITH THE BOND MARKETS???

THINGS ARE VERY SHAKY THERE IN THE IMMEDIATE HERE AND NOW.

AND WE HAVE GREECE THEY GOT SOME TEMPORARY AID AND AN INCREASE IN THEIR LOAN FROM EMERGENCY FUNDS BUT THINGS ARE HEATING UP THERE

EVERYDAY PRINCESS BRINGS IN 20 ARTICLES TALKING ABOUT THIS...GOOD JOB AND THANKS PRINCESS..

SO EVEN STILL CAN WE DRAW A STRAIGHT LINE FROM ANY OF THESE INCIDENTS TO IRAQ REPRICING???

NOPE NO WE CAN NOT.

BUT...WHEN YOU PUT THEM ALL TOGETHER AND SEE THEM AS AN ENTIRE GLOBAL MOVEMENT HOW CAN IRAQ NOT REACT TO IT???

I FIND IT HARD TO BELIEVE THAT IRAQ WILL GO THROUGH TOTAL ISOLATION AND REMAIN TREADING WATER...THEY NEED TO MOVE WITH THE SYSTEM.

DOES THAT MEAN WE KNOW WHAT THEY WILL PRICE THEIR TRADES AT??? NOPE NO IT DOES NOT, BUT WE KNOW THEY HAVE TO JOIN THE REFORM REGARDLESS

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

Dave: …I can say that the historic move of the CBI hit a 1st…the IQD 700 pips in 2 days

MY LADIES:  DAVE THAT IS VERY GOOD NEWS AND MAKES SENSE...THEY ARE BACK TO THE AUCTIONS AND THE DINAR IS BOUNCING BACK TO WHERE IT WAS BEFORE THE CRAZY CAP FALL OUT

Dave: right and they did it with NO LAWS and with the isis crap still lurking

MY LADIES:  SO THE RESPONSE WC WAS VERY LONG AS YOU CAN SEE, BUT THIS IS WHERE I FEEL WE ARE WITH ALL THIS.

Dave:  Just hope that green light stuff we heard back in March I believe is in fact true

MY LADIES: WELL THE CBI SAID THEY HAD A GREEN LIGHT...BUT DAVE FOR WHICH INTERSECTION???

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

PrincessDD: Rafidain Bank announces pensions exchange abroad through "MasterCard

http://www.microsofttranslator.com/BV.aspx?ref=IE8Activity&a=http%3A%2F%2Ftoday-news.org%2Fnews.php%3FNewsID%3D3198

http://today-news.org/news.php?NewsID=3198

MY LADIES:  THERE IS SO MUCH GOING ON...LOOK I PULLED OUT OF IRAQ A LONG TIME AGO I CAN'T TAKE IT THERE ANY MORE, THEY GO AROUND AND AROUND THE SAME BUSH SO MANY TIMES IF YOU COULD HARNESS THE ENERGY REQUIRED TO DO THAT THEY COULD HAVE ELECTRICITY FOR A WEEK!!!

THANK YOU PRINCESS ..BUT ONCE AGAIN THIS MASTERCARD NEWS IS AS OLD AS MOSES...LOL..

OK LOOK THIS MASTERCARD STUFF IS NOTHING...PLEASE READ IT CLEARLY AND THEN THROW IT AWAY..OK

<<< Rafidain Bank announced on Saturday, for pensioners living abroad pay the salaries by service (MasterCard) in three Arab capitals, "considering this step is to keep pace with technological development witnessed by the bank in this periodBaNDiTo_RoX, Today 8:24 AM

WHAT DID THEY JUST SAY HERE???? ANYONE??? WHAT ARE THEY SAYING????

THEY ARE SAYING YOU CAN USE YOUR ATM CARD AT A RAFADAIN BANK IN THE REGION..SPECIFICALLY AMMAN, BIEURUT AND ABU DABI...REALLY??!!

LET ME KNOW WHEN YOU CAN USE IT ANYWHERE AT ANY BANK INCLUDING HERE!

MY LADIES: <<< keep pace with technological development

MY LADIES, THIS IS THE MOST SIGNIFICANT LINE IN THE WHOLE THING...THIS SAYS WHAT WE ARE TALKING ABOUT TODAY...IRAQ WILL GET SWEPT ALONG IN THE TECNOLOGICAL DEVELOPMENT.

Dave:  Abu Dubi? and not Dubai, bout an hour drive

MY LADIES:  RIGHT BUT WHY ABU DABI??? DO YOU REMEMBER??

BECAUSE IN THE LATE PART OF LAST YEAR ABADI WENT TO HIS HOME THERE AND HOSTED ALL THE POWERFUL MONEY MEN FROM IRAQ LIVING OUTSIDE THE COUNTRY.

HE TOOK HUGE LOAN FROM THEM AND DEPOSITED IT INTO REFADAIN BANK.

THEY GAVE THESE MEN MASTER CARDS AS A TRIAL FOR THINGS TO COME.

THESE MEN FLOATED THE GOI FOR A FEW MONTHS WITH THEIR DEPOSITS JUST LIKE THE BUSINESS MEN OF KURDISTAN DID LAST YEAR.
MY LADIES:   THEY SHOWED MASTER CARD THEY COULD MANAGE THEIR PLATFORM IN THE SHORT TERM AND IF YOU PICK YOUR BRAIN YOU WILL REMEMBER RAFADAIN ANNOUNCING THE COMING OF MASTER CARD TO THEIR BANKS SHORTLY AFTER THESE DEPOSITS WERE MADE
Dave:  Very revealing, so it goes to show really they could do anything at any time

MY LADIES:  WELL NO DAVE THEY BEING IRAQ CAN NOT DO ANYTHING ON THEIR OWN.

THAT IS THE NEXT POINT I'M GETTIN TOO, BUT THEY ARE CERTAINLY SETTING UP FOR THINGS TO COME WHEN THEY ARE TOLD TO TURN THE SYSTEM ON COMPLETLY.

YOU SEE ALL THE STEPS IRAQ HAS TAKEN IN THE BANKING WORLD ARE THE NECESSARY AND FINISHED ALREADY, I THINK THEY ARE WAITING THEIR TURN IN LINE.

LET'S LOOK AT THE LAST 2 WEEKS ALONE AND THE SHANAIGANS WITH THE EXCHANGE RATE.

IF IRAQ WAS ABLE TO MOVE ON THEIR OWN THIS PAST WEEK WOULD HAVE BEEN A GOOD TIME TO DO SOMETHING WOULDN'T IT HAVE BEEN?

I MEAN HOW CAN YOU FIX PRICE GAUGING IN THE EXCHANGE RATE???

1) INCREASE THE DINAR VALUE..OR

2) PAY EVERYTHING IN USD  RIGHT VERY SIMPLE

MY LADIES:  THE SDR COMPOSITION IS CHANGING, WEIGHTS ARE CHANGING, NEW SYSTEM IS COMING IN, AND THIS IS WHEN IRAQ WILL CHANGE!

MY LADIES:  DOES THE NATIONAL GUARD LAW HAVE ANYTHING TO DO WITH MONEY?? OR INTERNATIONAL EXCHANGE RATE??

DOES THE AMNESTY LAW WHICH BY THE WAY WILL SIT WITH THE HOUSE FOR AGES ON END...LOL...

DOES WHO IS RELEASED FROM JAIL OR NOT HAVE ANYTHING TO DO WITH THE INTERNATIONAL EXCHANGE RATE???

DOES ANY OF THE THINGS POLITICIANS DO EVERY DAY HAVE ANYTHING TO DO WITH THE INTERNATIONAL EXCHANGE RATE????

Dave:  part of the puzzle but not a trigger point I dont believe

MY LADIES:  I DON'T THINK SO BUT IT MAKES FOR FACINATING READING AT TIMES..LOL...

Dave:  Slightly more exciting is that infamous HCL they pull off the shelf in rotation every 30 days or so

MY LADIES:  DOES YET ANOTHER POLITICIAN MALIKI HAVE ANYTHING TO DO WITH INTERNATIONAL EXCHANGE RATE???... LOOK HE MAKES SUCH A GREAT VILLIAN IN DINAR LAND DOESN'T HE???

Dave:  they even peppered it all up last week they threw in Allawi and Najafi saying they we all goin down!

MY LADIES: RIGHT BUT WHAT THEY ALL FORGET IS WHERE WAS HE DURING SADDAM DAYS??? WHO WAS HE COZY WITH?? AND WHERE DOES HIS POWER COME FROM??? 

ALSO LET'S THINK ABOUT THIS WITH OUR ADULT BRAIN...IS OUR MILITARY SO INCOMPETENT THAT IF MALKI WAS A TRUE PROBLEM IN THE LAND WHERE THINGS BLOW UP EVERY DAY DO WE DARE ASSUME HE WOULD NOT BE DEALT WITH IF THAT WAS THE PLAN???

LOL...NO NO HE HAS HIS PLACE AND IT IS NOT JUST IN DINAR LAND

BUT ALL THESE THINGS ARE JUST NOISE AND DISTRACTIONS..AND I AM SO GLAD THAT THIS ROOM HAVE ALL LEFT IRAQ AND WE ARE FOCUSED IN ON REAL LIFE EVENTS.
8:45 AM:  Dave:  Sadly it puts this metemorphsis in a date down the road a bit...

MY LADIES:  DAVE WE ARE MUCH MUCH CLOSER THAN ONE MIGHT THINK.

WE ARE HEARING TO MUCH IN MAIN STREAM MEDIA ABOUT ASIA AND BONDS AND UKRAIN, AND GREECE, AND DUBAI, AND SAUDI, THAT WE KNOW THEY ARE FURTHER DOWN THE ROAD THEN WE THINK

SANCTIONS...LET'S KEEP OUR NEW FOCAL POINT ON WHO IS UNDER SANCTIONS AND THE REASONS THEY ARE COMING UP WITH TO HAVE SANCTIONS REMOVED.

IT'S ALL OUT THERE..THE END OF THIS MONTH IS SIGNIFICANT FOR MANY REASONS.

STAY OUT OF IRAQ AND YOUR FRUSTRATIONS WILL SUBSIDE.
....
WE CONTINUE TO FOLLOW THE GLOBE. THAT IS WHERE ALL THE ANSWERS ARE AND ALL THE CHANGE WILL COME FROM.

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

MY LADIES:  OK SO I JUST POSTED A COMMENT TO SOMEONE ON  RECAPS HE WAS QUESTIONING MY THOUGHT PROCESS ON UKRAINE

SO HERE FOR ANY THAT WISH TO UNDERSTAND WHY I AM WATCHING UKRAINE TOO”

MY APOLOGIES TO KMARV AND KOOLBEAR, I DO KNOW HOW TO USE GOOGLE.

KOOLBEAR I’M NOT SURE WHERE YOU’RE GOING WITH THE MATH PROBLEM BUT IN OUR CHAT ROOM WE TALK ABOUT ALL MARKETS AND ALL THINGS BANKING. SO THIS LITTLE CLIP WAS A SUMMARY I WAS DOING FROM THIS WEEKS WORTH OF POSTINGS, AND AGAIN IT WAS ONLY A SMALL PIECE OF WHAT WE STUDY.

HERE IS WHAT WE WERE TALKING ABOUT WITH REGARDS TO UKRAINE

PLEASE ENJOY READING AND EXPANDING YOUR HORIZONS AS MUCH AS WE DO.

http://www.kyivpost.com/content/ukraine/news/

http://rt.com/news/268471-imf-greece-ukraine-loan/

http://www.theguardian.com/world/2015/jun/19/ukraine-offers-creditors-last-chance-to-reach-deal-over-debt

http://www.wsj.com/articles/ukraine-offers-additional-bonds-if-creditors-accept-haircut-1434718384

YOU SEE WE ARE STUDYING THE MONETARY REFORM AS IT PERTAINS TO ALL BANKING SYSTEMS.

THANK YOU AND LOVE TO ALL   MY LADIES

**********

MY LADIES :  JUST SOMETHING TO READ THAT WILL HELP YOU MAKE THE CONNECTION OF PRICING IN IRAQ.

Ramadan table .. cost up to 50 000 dinars with austerity
http://www.dananernews.com/News_Details.php?ID=5858

AND HERE IS SOMETHING TO HELP YOU UNDERSTAND HOW THE BANKS ARE ALL CONNECTED IN IRAQ AND TO WHOM

Experts for (dinars): banks departments and extravagant loans and weak oversight confound the work of banks
http://www.dananernews.com/News_Details.php?ID=5859

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

MY LADIES:  LET'S SEE IF FIND ANY MORE ON THE OUTCOME OF THE ECONOMIC FORUM THAT PLACE IN RUSSIA YESTERDAY AND TODAY.

THIS IS A BIT OF ODD BEHAVIOR TO SAY THE LEAST... BUT LET'S TAKE A CLOSER LOOK

The withdrawal of a delegation from the Iraqi economic forum in Russia for the participation of former Israeli Prime

http://www.imn.iq/news/view.69478/

**********

MY LADIES:  HERE IS ALI ALEK AT A PRESS CONFERENCE IN BAGHDAD TODAY.

Keywords: have the foreign currency weakness in the domestic market

06/20/2015 11:59

The governor of the Iraqi Central Bank and the Agency on the Keywords lack of fear of the rise in the dollar's exchange rate against the Iraqi dinar "revealing" Ask a local bonds worth $ 5 billion to provide liquidity to the state.

" Keywords and said at a news conference in Baghdad that "the central bank has foreign currency is the weakness of the local currency in the market, and what happened in the past few days indicates that these attempts involve the kind of speculation and profit-taking may also involve other targets do not want to enter into details because this rally is certainly within the indicators is natural

But are these Mahalaot stand the The central bank is certainly the policy of both an emergency on the market. " He said the "local currency derives its strength from the reserve currency, foreign and how much you can last that covers local and we assure that we can respond to the request of the dollar, no matter how its size and there is no concern on the impact of the exchange rate," adding that "financial reserve The Central Bank is the number variable and today has up to $ 68 billion and the size of the money supply of the dinar 40 trillion dinars. "

Among Keywords that "the subject of the independence of the central bank is very important is to maintain the political bank fee and decisions and I can not say that there is pressure directly is still the independence of the Bank with most of those respectable but some pressures and statements that affect the operation of the bank, including the House of Representatives that do not take the proper way what creates an atmosphere of fear in the banking sector occur which is very sensitive in his dealings, "adding that" some interventions may be unintended directly. "

"It is certain that the rise of the dollar in this way is natural and within hours reflect a certain movement within the market but I can not directed directly accused of any party or bank and possibly the security services in economic crime is the closest to it,"

noting that "increase demand for the dollar is due to size large imports and the migration of capital and even the private sector has become invested in other countries.

" He noted the central bank governor that "the exchange rate may be affected by an increase in consumer and government spending, which pumps the bulk of the budget in the market for central bank to Aausband pressure on the dollar and there is constant consultation between politics monetary, financial and a high degree of coordination, but an almost daily basis between the bank and Ministry of Finance in consultation way you avoid lax or spending a knee-jerk and thus affect the exchange rate. "
He said that "the high and low exchange rate is a global phenomenon, but the central bank is not a security point of tracks that there were political agendas or other behind this volatility in prices, the important thing for us pull factors that exploit such circumstances and are able to control these phenomena. "

 He "can not be held accountable for the central bank because there are imbalances in the bills or dues and this is not his mission, but the responsibility of authorities -governmental organizations concerned Kozara trade and finance, which is important to develop an approach importing ones so that the central bank policy to consider them, "noting that" the central banks in all countries of the world do not take other bodies responsible for such operations roles. "

 He pointed Keywords to "dollar exchange rate today is 1250 dinars to the dollar [125 000 dinars for one hundred dollars and I expect that the new processes to sell the currency without 8% in taxes and fees will lead to the decline and are sure of that.

http://www.imn.iq/news/view.69513/

***********

Blessed 153: <<< we assure that we can respond to the request of the dollar, no matter how its size and there is no concern on the impact of the exchange rate

MY LADIES:  AND SO IT SHALL BE WRITTEN....AND SO IT SHALL BE DONE...LOL...

I THINK WHAT THEY ARE SAYING IS FOR EASY UNDERSTANDING AND WITH REAL QUICK MATH 40 TRILLION DINAR IS HOW MUCH???

40 BILLION GIVE OR TAKE???

SO THEY ARE SAYING THEY HAVE 68 BILLION WHICH LEAVES ABOUT 28 BILLION OVER WHAT IS OUT ROUGHLY...RIGHT??

SO THERE BY THEY CAN COVER IF THE EXCHANGE …AGAIN JUST ROUGH MATH ...BUT YOU GET THE POINT...

**********

MY LADIES:  OK SO WHY IS SAUDI REALLY IN IRAQ???? HUMMM LET'S HAVE A SMALL SMALL LOOK AT WHAT'S GOING ON FOR REAL...

Wikileaks: Alkhclok request support from Saudi Arabia to form a political alliance
http://www.khabaar.net/index.php/permalink/48011.html

WELL LOOK AT ALL THIS HERE...AND MALIKI HAS BEEN A TARGET OF DINARLAND FOR SO LONG...LOL... SEEMS LIKE THE WRONG VILLAN WAS BEING TARGETED.

SAUDI AND THE SUNNI TRIBES AND IRAN AND THE SHIIIA TRIBES SO WHICH CAME FIRST???

Najafi received from Saudi Arabia more than half a billion dollars for the implementation of its plans

http://www.khabaar.net/index.php/permalink/48019.html

Ali Hatem al-Suleiman liturgical Arabia to visit
http://www.khabaar.net/index.php/permalink/48017.html

Saudi Arabia to prevent the formation of an international tribunal on Iraq, fearing trial Mcaikha
http://www.khabaar.net/index.php/permalink/48013.html

Fahdawi of Saudi Arabia is formed by a political entity and seek support them
http://www.khabaar.net/index.php/permalink/48012.html

Wikileaks reveals the Saudi supported Sunni currents to confront Iraq's Shiites
http://www.khabaar.net/index.php/permalink/47989.html

Parliament will discuss documents leaked from Saudi Arabia, "WikiLeaks"
http://www.khabaar.net/index.php/permalink/48032.html

**********
MY LADIES:  NOVA AS YOUR READING THIS ABOUT SAUDI AND GOING OVER WHAT WE TALKED ABOUT AND SEEING SAUDI IN DEALS WITH RUSSIA,

AND THE SECOND IN LINE CROWN PRICE UP TO RUSSIA ON THE FIRST HIGH HOLY DAY OF RAMADAN YOU CAN SEE WHAT'S COMING NEXT RIGHT??

WHAT A PERFECT TIME FOR THERE TO BE A LEAK OF SAUDI DOCS THAT IMPLEMENT SAUDI IN THE MESS IN IRAQ,

SO MAYBE THIS IS THE BEGINNING OF THE EXCUSE FOR THE SEPERATION THAT IS GOING TO BE NEEDED BETWEEN SAUDI AND THE PETRO DOLLAR???

AND CLEARLY THEY ARE MAKING IRANS EXCUSE FOR BEING IN IRAQ NOW TOO...

Saudi Arabia urges its citizens not to publish any documents after Wikileaks
http://www.alliraqnews.com/modules/news/article.php?storyid=7479

**********

E.D.:
 Very exciting now

MY LADIES:  OH E.D.WITH THE ERA OF INTERNET EITHER THE CONTROLLERS ARE GETTING VERY SLOPPY OR VERY PREDICTABLE... YOU DECIDE...HUMMMM...STAY TUNES THE PLOT THICKENS....LOL...

JP:  Mary, how big is this snow ball now???  Time is on our side!

MY LADIES:  IT SURE IS GROWING JP..OK SO I STUMBLE ACROSS THIS JUST NOW WHILE LOOKING FOR SOMETHING ELSE, BUT HAVE A LOOK AT IT.

SO JUST TO RECAP IN ADVANCE WHO EXACTLY IS IN CHARGE OF ALL THINGS MONETARY???

OK SO I STUMBLE ACROSS THIS JUST NOW WHILE LOOKING FOR SOMETHING ELSE, BUT HAVE A LOOK AT IT.

Greek debt crisis is the Iraq War of finance
http://www.telegraph.co.uk/finance/economics/11687229/Greek-debt-crisis-is-the-Iraq-War-of-finance.html

PrincessDD: That’s very interesting and ties it all together

MY LADIES:  MANY THINGS ARE COMING TOGETHER..IT'S LIKE A BIG MURDER MYSTERY UNFOLDING ONE PAGE AT A TIME. AND THOSE DOCUMENTS FROM SAUDI CERTAINLY CLEAR UP MANY SUSPICIONS.


NOVA AND I ASKED THIS QUESTION BACK AND FORTH...WHY IS SAUDI IN IRAQ??? I MEAN REALLY??? WELL NOW WE KNOW

Sunni tribes, abandoned by Iraq, key to Islamic State fight
http://news.yahoo.com/sunni-tribes-abandoned-iraq-key-islamic-state-fight-162505310.html

**********

MY LADIES:  IN THE BEGINNING OF THE PRESS CONFERENCE ALI ALEK ADDRESSED THE BONDS...LET'S FOLLOW UP ON THEM PLEASE.

Governor of the Central Bank: No fear of the rise of the dollar and we will bring local bonds worth $ 5 billion [expanded]
http://www.alliraqnews.com/modules/news/article.php?storyid=7433

MY LADIES:  FINALLY THE EXCHANGE RATE IS MOVING IN THE RIGHT DIRECTION


Urgent Keywords: dollar exchange rate today 125 000 for a hundred dollars and we expect to decline

 06.20.2015 twelve eleven

The governor of the Iraqi Central Bank and the Agency on the Keywords, that "the dollar exchange rate today is 125 thousand dinars for one hundred dollars," expected to "new processes to sell the currency below 8% in taxes and fees will lead to the decline and are sure of it." .. follow

http://www.alliraqnews.com/modules/news/article.php?storyid=7428

ALL THESE LITTLE CLIPS CAME FROM THE INTERVIEW HE DID THIS MORNING.

**********

MY LADIES:  SO AS WE ALREADY KNEW THE BONDS ARE IN USD AND HAVE NOT BEEN RELEASED YET. THEY WILL GO FOR SALE AFTER THE RULING OF THE CRISIS CELL TO ISSUE THE FUTURES IN DOLLARS

Government is the rise in the dollar to stimulate national production positive indicator

Central Bank: Financial will issue bonds worth $ 5 billion sold to the public

 6/20/2015 eleven fifty-three a.m.

Detection Governor of the Central Bank of Iraq on the Keywords, on Saturday, for the approval of a cell of the crisis on financial bond issue worth five billion dollars sold to the public, and pointed out that the Bank assigned the management of the bonds as a financial agent of the government and will begin immediately issued, and as he emphasized that Iraq is bankrupt and did not exhausted resources to solve the liquidity crisis, ruled that affect the employees' salaries.

He said Ali Keywords during a joint press conference with the President of the Association of private banks in Iraq and Wadih Handal held in Baghdad and attended (range Press), that "the Bank will begin issuing financial bonds worth five billion dollars sold to the public *after the approval of the crisis cell on the issuance of the Ministry of Finance bonds futures in dollars*." noting that "this will achieve a good source."

Keywords and added that "the dollar will be the official price minus a certain percentage of the public buy it and pay him a year later at the official dollar approaching minus a certain percentage of the interest rate*

Keywords and pointed out that "the dollar will be the official price Matrouh a certain percentage of it bought by the public and pay him after one year at the price of the dollar rate it Matrouh interest rate convergence", noting that "the Bank as a financial agent of the government commissioned the issuance of those bonds."

SEE MORE.. http://www.almadapress.com/ar/news/50430/

IQD NOVA:  ITS JUST CRAZY HOW FAST THERE MOVING WITH THINGS NOW!!!!

MY LADIES:  HUMMM AFTER 1 YEAR...THINGS ARE COOKING WITH GAS NOW...

YES NOVA.....ALL OVER THE GLOBE...THE HEAT IS ON!!

DINAR GURUS UPDATE, 20 JUNE

6-20-22015   Newshound Guru sczin11   AMNESTY LAW IS BEING PUSHED HARD FOR APPROVAL, EVEN BEFORE PARLIAMENT RESUMES ON JULY 1... EVEN REPORTS TODAY, STATING IT WILL BE APPROVED BEFORE EID, END OF RAMADAN...THEN WE HAVE PUBLISHED THE AMENDED NATIONAL GUARD LAW....HMMMM...WHY?   WE DONT USUALLY SEE THE LAWS IN PRINT, BEFORE THEY GO TO THE HOUSE FOR READING AND VOTES...A MEETING WITH IRAN, DURING ALL THESE HAPPENINGS? And... INK THAT STATES ALL THE RHETORIC ON THE ISSUING OF THE LARGE DENOMS, 50 AND 100 K NOTES, WAS JUST THAT, THEY HAVENT BEEN EVEN DESIGNED YET...AND TODAY, THE NEW STATEMENT BY KEYWORDS, IS THEY WILL COME OUT BY END OF YEAR, AND 100K PROBABLY WILL NOT COME OUT...BY THE END OF THE YEAR HE STATES...IS THAT BECAUSE IT GIVES ENOUGH TIME FOR HIM TO BE REMOVED, AND THE NEW GOVERNOR INSTALLED...AND HENCE NO ISSUANCE OF THEM, THE LARGE NOTES, AT ALL...AND, DO NOT MAKE LIGHT IF THE APPEARANCE THIS WEEK, OF DR. SINAN AL SHABIBI, WITH THAT LONG, DETAILED, REPORT...THERE ARE REASONS AND PLANS.....  WHAT DO YOU THINK?   [post 3 of 3]

6-20-2015   Newshound Guru sczin11   IMHO, THE PREVIOUS STATEMENT JUST ABOVE, INDICATES A REDUCTION IN THE VALUE OF THE IRAQI DINAR IN CIRCULATION BY ABOUT 40%, SINCE BEGINNING OF THE YEAR WHEN RESERVES WERE STATED AT $80 BILLION...KEYWORDS CONTINUES TO STATE THAT THE THE PRICE OF GOODS TO THE CITIZENS WILL DRASTICALLY BE REDUCED IN A FEW DAYS (indicates increased purchasing power for the importers) AND IN SAME SPEECH, STATES OIL PRODUCTION HAS INCREASED...THIS IS MORE NEWS IN ONE RELEASE BY THE ACTING GOVERNOR OF THE CBI, THEN WE HAVE SEEN IN TOTALITY OVER THE LAST 10 MONTHS...THE MEDIA COVERAGE OF THIS PRESS CONFERENCE WAS HUMONGOUS... THERE ARE MANY MANY VERSIONS, SOURCES, AND OPINIONS...REMEMBER FOLKS, NEWS IS PAST TENSE IN MOST CASES...IT IS INFORMATION ON WHAT HAS ALREADY OCCURRED...   [post 2 of 3....stay tuned]

6-20-2015   Newshound Guru sczin11
   WHAT IS GOING ON?  CBI GOVERNOR IS ALL OVER THE PLACE!  KEYWORDS THIS, KEYWORDS THAT..CAN YOU SAY..THE STUFF IS ABOUT TO HIT THE FAN?  BIG RELEASES FROM THE GOVERNOR OF THE CBI TODAY, SATURDAY...THE FIRST SATURDAY BANKING DAY IN IRAQ, AND THE DAY BEFORE THE EMERGENCY FINANCE COMMITTEE MEETING...AND TWO DAYS AFTER THE COM CRISIS CELL MEETING...HE ADMITS BEING UNDER PRESSURE...HE STATES INFLATION IS NEGLIGIBLE...HE CONFIRMS REMOVING THE 8% TAX ON CURRENCY EXCHANGE EFFECTIVE TOMORROW, SUNDAY, JUNE 21, 2015...( when in fact, earlier in the week, it was announced July 1)...HE STATES MONETARY PLAN MODEL NEEDED FOR currency IN THE COUNTRY...HE CONFIRMS $68 BILLION IN BANK RESERVES...HE CLEARLY STATES THE RESERVES CAN COVER THE DINAR EXCHANGE RATE CONVERSION, BY 2 TO 1...   [post 1 of 3....stay tuned]

6-20-2015 Newshound/Intel Guru BGG
   [We think that the solution to all their problems is the same solution to all our problems (i.e., increase in currency value)...obviously not the case. The politicians and bureaucrats seem to be comfortable in maintaining a status quo there that to us is haphazard at best. Who benefits...maintaining the status quo regardless of how meat headed it all is?]  the main benefactors of "status quo" are...Iran...Maliki... Alak... various political entities who benefit in the current woeful situation.  who stands to gain from changing the "status quo"?   everyone else. (this includes you, me...and everyone in Iraq)...and since MR [Monetary Reform] in Iraq will obviously have some impact on their neighbors...ask yourself why they are meeting with Iran, Turkey, the Saudis, Kuwait... in Jordan ( who BTW have offered SF troops)...ask yourself why all these "meetings" while they obviously have other very important priorities in their western provinces?

6-20-2015   Newshound Guru My Ladies
   I AM NOT SAYING I KNOW WHEN THIS WILL HAPPEN BUT I INVESTED IN THE DINAR AFTER CAREFULLY LOOKING AT IT AND REALIZING THAT WHAT GOES DOWN WILL EVENTUALLY CLIMB BACK UP.  IF WE LOOK AT ALL THE BASEL REQUIREMENTS AND THE MASSIVE CHANGES TAKING PLACE IN THE MIDDLE EAST AND EUROPE TODAY RIGHT NOW AND WE CAN SEE OUR INVESTMENT IS SOUND.  EMERGING MARKETS ARE TAKING THEIR PLACE AND IRAQ IS NO DIFFERENT, THEY HAVE A WAY TO GO YET I THINK BUT THEY ARE FOLLOWING ALL REQUIREMENTS SET FORTH BY THE IMF AND OTHERS. HOW WILL ALL MARKETS CORRECT AND EMERGE AND IRAQ REMAIN IN NEUTRAL?  I DON’T THINK IT CAN.  JUST LIKE ANY THING ONE MIGHT BE INVESTED IN, STICK WITH IT, THIS WAS NEVER INTENDED TO BE A GET RICH QUICK SCHEME. WE HOLD ACTUALLY CURRENCY IN OUR HANDS AND HAVE EVERY REASON TO EXPECT IT WILL RETURN TO ITS VALUE ONE DAY.