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Sunday, June 21, 2015

OKIE OILMAN UPDATE, 21 JUNE

Transformation June 21, 2015 at 7:24 pm EDT
FROM OKIE ... THE OILMAN >>>

OKIE RARE POST

GOOD THURSDAY EVENING AMERICA, SHIPS AT SEA, AND ALL OUR WORLD WIDE FRIENDS.  
GRANDAD USED TO SAY "IT'S AN ILL WIND THAT BLOWS NO MAN GOOD". WHAT GRANDAD DIDN'T REALIZE IS THAT IF YOUR PILOT IS GETTING READY TO LAND, YOU PREFER A HEADWIND, BECAUSE A TAILWIND CAN UNEXPECTEDLY INTRODUCE YOU TO THE GOOD OLE TERRA FIRMA WHICH DOESN'T TASTE GOOD EVEN WITH CREAM AND SUGAR.

I HAVE BEEN SILENT, AS OTHERS HAVE BEEN PROVIDING INFORMATION THAT I HAVE READ... AND GENERALLY SPEAKING, IT WAS CORRECT MOST OF THE TIME. 

I THINK NOW I SHOULD RECOGNIZE THOSE WHO ARE CONTRIBUTING SO MUCH, AND WE ALL SHOULD THANK THEIR TIRELESS ENDEAVORS. 
TODAY, AS YOU WILL FIND OUT IN THE FUTURE (IF YOU'RE PRIVIED) , THE PARAMOUNT SIGNIFICANCE OF THE MAGNITUDE OF ACCOMPLISHMENTS MADE ON ALL OUR BEHALF LAST NIGHT AND TODAY.
   
IT PRESENTLY APPEARS THAT OUR LANDING IS VERY IMMINENT, WHEREAS BEFORE WE JUST GOT A WAVE OFF AND HAD TO CIRCLE AROUND AGAIN DUE TO CHANGES MADE IN PROTOCOLS AND PROCEDURES. 
IT HAS BEEN VERY FRUSTRATING TO HAVE BEEN GIVEN LANDING INSTRUCTIONS AND THEN TO HAVE THE ORDERS CHANGED AT THE LAST MINUTE - AGAIN AND AGAIN

(From S3 Gladiators Intel Thread) 

PAYITFORWARD POST FROM TNT :Investment Lawyer from Georgia Affirms RV is Here!, 21 JUNE

    • payitforward said
      12:04 PM Jun 21, 2015
    Hey Everyone, I just wanted to post and share this True Dinar story from my good friend Leslie who is also a TNT TONY Follower on Twitter. Here is her story: SATURDAY 6-20-15 Time: 11:51 PM (CST) BY: LLeslie @lleslie2278 I GET A CALL FROM A FRIEND (WHOM I'VE GIFTED IQN & VNN) TELLING ME SHE WAS DOING A DEPOSITION (SHE'S A COURT REPORTER)! THAT IN ITSELF IS HIGHLY UNUSUAL BECAUSE I ASKED, "WHO DOES A DEPOSITION ON SATURDAY AT MIDNIGHT?" THE MAN BEING DEPOSED IS AN INVESTMENT LAWYER FROM GEORGIA! (REALLY WOKE ME UP!) DURING A BREAK SHE APPROACHED HIM & SAID SHE HAD A FRIEND WITH SOME FOREIGN CURRENCY & HE WANTED TO KNOW WHICH ONES! SHE SAID THE DONG AND...WHEN SHE HESITATED, HE SAID IRAQI DINAR! MY FRIEND SAID, "YES!" TO WHICH HE PROMPTLY SAID, "SHE IS FIXING TO BE A VERY WEALTHY WOMAN!" HE INDICATED TO HER THAT IT MAY BE AS SOON AS TONIGHT》I TAKE THAT TO MEAN HE KNOWS ANY MOMENT NOW! HE IMPLIED THE IQN WAS "DONE" BUT MONDAY SHE SHOULD GO OUT & BUY DONG! BUT THEN HE TOLD HER NOT TO WORRY THAT THERE WOULD BE FOUR (4) BASKETS! I TOLD HER TO GET HIS CARD OR ASK IF HE COULD RECOMMEND SOMEONE FROM THE HOUSTON AREA! WHAT ARE THE ODDS? UPDATE: "MY FRIEND CALLED ME WHEN THEY FINISHED THE DEPOSITION. NORMALLY, WHEN A STENOGRAPHER STARTS A DEPOSITION, THEY STAY UNTIL IT IS FINISHED. TURNS OUT, THE STENOGRAPHER WHO STARTED THIS ON FRIDAY WAS GOING ON A CRUISE SATURDAY. SO WHEN THE DEPOSITION RAN LONGER THAN EXPECTED, MY FRIEND GOT CALLED IN TO FINISH THE WORK SATURDAY AFTERNOON!" AGAIN, WHAT ARE THE ODDS! THANK YOU LORD FOR THIS POSITIVE AFFIRMATION TO OUR BLESSINGS!

DINAR GURUS UPDATE, 21 JUNE

6-21-2015   Newshound Guru Kaperoni    From Investopedia...DEFINITION of 'Sovereign Credit Rating':  The credit rating of a country or sovereign entity. Sovereign credit ratings give investors insight into the level of risk associated with investing in a particular country and also include political risks. At the request of the country, a credit rating agency will evaluate the country's economic and political environment to determine a representative credit rating. Obtaining a good sovereign credit rating is usually essential for developing countries in order to access funding in international bond markets.   [post 2 of 2]

6-21-2015   Newshound Guru Kaperoni
  Anyone see that Iraq expects a credit rating next month? [see definition of "Sovereign Credit Rating" in part 2 of 2]   I did a bit of looking into this...  The credit rating is important because Iraq wants to sell bonds to cover the deficit.  If anyone would want them.  ...the dinar is convertible now. Since they are in Article XIV, it does not prevent them from trading or convertibility.  That being said, many merchants, and banks refuse to deal with them under that condition...its really a choice by the bank or merchant if they are willing to engage with Iraq while the CBI is under Article XIV.  That would change if the CBI met the conditions to move to IMF Article VIII...Which is the international standard of acceptance.  Banks, merchants would welcome transactions, etc. once they meet that standard.  That being said, Dr. Bakri, a very well known economist in Iraq stated to me that currency reform would occur before the CBI would ever meet Article VIII.  So Article VIII is not something we necessarily need Hopefully we will see the dinar appreciate long before the CBI moves to Article VIII.   [post 1 of 2....stay tuned]

6-21-2015   Newshound Guru Millionday   [What about the amnesty law? has that gone through?]  THE AMNESTY LAW IS IN PARLIAMENT.  [PARL NOT DUE BACK TILL JULY 1? ANY TALK ABOUT SPECIAL SESSIONS?] THEY HAVE BEEN GIVEN 30 DAYS OF SPECIAL SESSIONS BUT NOT SURE WHEN THAT ENDS.  [Didn't the investment law have two or three readings already...?]   YES IT HAS AND IN FACT IT HAS BEEN REPORTED IN SOME REPORTS TO BE DONE.  [Any more updates on HCL?]  THEY ARE USING THE OIL AGREEMENT WITH IRAQI FEDERAL AND ERBIL --- THROUGH MOSTLY WHAT WAS ACQUIRED FROM 2011 ISSUE -- AND WORKING ON ANY CHANGES IN FUTURE LAW ...THIS IS NOT UNUSUAL FOR NATIONS TO BE CHANGING AND REFORMING LAWS.   [post 2 of 2]
6-21-2015   Newshound Guru Millionday
    "Published (range Press) draft law of the National Guard in Iraq and amendments made to it by the political blocs, the following is the text of the draft.  Based on what passed the House of Representatives and approved by the President of the Republic and based on the provisions of the first item of Article 61 and Item III of Article 73 of the Constitution. Issued the following law National Guard Law. THIS IS SAYING THAT THE NATIONAL GUARD IS TO RECEIVE THE RIGHTS AND PRILEGES LISTED IN THE LAW BY BEING IN THE SERVICE AS WITH ALL SERVICE BRANCHES...  [National Guard law passed?]  YES AND AMENDMENTS.  [What does this law have to do with the Dinars?]  THE NATIONAL GUARD IS USED FOR MUCH OF THE SECURITY ON BORDERS AND MANY OTHER AREAS -- IT IS A HUGE LAW FOR THE SECURITY OF IRAQ AND THE CONFIDENCE OF INVESTORS AND CITIZENS ETC.  [post 1 of 2....stay tuned]

6-21-2015   Newshound Guru wmawhite
    For sure...there is a lot happening and Iraq is involved in many discussions with many countriesThe 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.   ...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.   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. We are blessed to be sitting on this...it still applies...it has never been about if...instead, we wait on when.

6-21-2015   Newshound Guru Kaperoni
   [Just curious as to your thoughts on all these American companies being awarded multi million dollar contracts in Iraq for various products and services.] With Iraq having no free market economy, nobody is going into Iraq until the laws and banking system are in place to support it.  If your talking about oil contracts, yes companies are working in Iraq and paid in US dollars.  Iraq though as of late has had issues paying these companies and some are accepting oil now as payment.

BACKDOC UPDATE : FINAL ACT, 21 JUNE

Backdoc:  » June 21st, 2015, 12:32 pm  FINAL ACT

WITH GREECE EXPECTING DEBT RELIEF AND NOT GETTING IT, OPTIONS OF A GREXIT SEEM TO BE CLEAR AS CRYSTAL.

THE BRICS SEEM TO BE AN OPTION TOO GOOD TO PASS UP.

WITH THE BRICS BANK OPENING ON THE PERFECT NUMBER, the 7th OF JULY, A NEW BEGINNING SEEMS TO BE ON ITS WAY FOR THE 8th FOR GREECE AND POSSIBLY THE WAY IT AFFECTS THE WORLD ?
MMMMM   8@8,   DOC    IMO

ThunderHawk :   Is Greece turning to Russia as EU talks stall?

Greek Prime Minister Alexis Tsipras described his country’s impasse with its European creditors ahead of a debt repayment deadline as “the center of a storm” as many of his compatriots began to withdraw money from national banks.
According to Reuters quoting banking sources, Greeks have withdrawn some $4.7 billion in the past five days, with $1.4 billon taken out of accounts on Friday alone.

Greeks, and their European counterparts, are nervous 10 days ahead of a deadline for Athens to repay over $1.75 billion to the International Monetary Fund.

Athens says it does not have the monies to do that and wants the European Central Bank (ECB) to release some $8 billion in emergency funds.

On Friday, the ECB said it would provide the Greek Central Bank with more than $2 billion in emergency funding. Two days earlier, it increased the overall total emergency liquidity fund available for Greece from $94.3 to $95.4 billion.

Analysts say that the ECB wants a way out of the impasse for Greece.

But over the past five months, little headway has been made as the Greeks refuse to increase pension cuts as an austerity measure demanded by their European creditors.

The IMF says that up to 75 per cent of public spending is allocated to pension funds.

Meanwhile, Tsipras’ statements at the economic summit hosted by Russia in St. Petersburg hinted that he may seek Moscow’s financial assistance as a way out of the difficult five-month negotiations with European creditors.

“We are at the centre of a storm, of a whirlpool. But you know we live near the sea – we are not afraid of storms, we are not scared of open seas, of going into new seas. We are ready to go into new seas to reach new safe ports,” he said.

He also criticized the EU for its support of sanctions on Russia for the crisis in Ukraine.

“The economic center of the planet has shifted. There are new emerging forces that are playing a more important role geopolitically and economically. International relations are more and more characterized by multi-polarity,” said Tsipras.

Russian presidential spokesperson Dmitry Peskov told the media that Russian aid to Greece had not been discussed during Tsipras’ meeting with President Vladimir Putin.

However, during a press briefing with global media agencies late Friday, Putin said that the EU had not done enough to help Greece emerge from its financial crisis.

“If EU wants Greece to pay its debts it should be interested in growing the Greek economy … helping it pay its debts,” he said.

Putin said that a deal signed on Friday to extend a pipeline carrying Russian gas to Europe through Turkey would greatly benefit the Greek economy; Moscow has said it would pay Athens pipeline transit payments to the tune of hundreds of millions of dollars for the pipeline expected to be completed in four years.

“The EU should be applauding us. What’s wrong with creating jobs in Greece?” Putin said in remarks carried by the Associate Press.

http://thebricspost.com/is-greece-turning-to-russia-as-eu-talks-stall/#.VYbBsPlViko

AGGIEDAD77 UPDATE, 21 JUNE

6-21-15 Aggiedad77Good Morning Family.....it's been a busy weekend for us here locally, won't go into the why-fors and such...but just too much other stuff getting in the way of news summaries...sorry about that. I've been here and reading things though.

As to this post about the auctions and the other recent auctions....here's my twist on it.....and I guess it goes against the grain of some others...but for what it is worth.

I see this as a great thing.....someone within the CBI, maybe it's "keywords" but I doubt it, maybe it's Dr. S, possibly, or maybe it's PM Abadi, just as likely I think has lit the fire of the CBI to stand up and put a foot forward in defiance of the Finance Committee's edict of Article 50.....stand up and show the Parliament they do not rule the roost when it comes to the CBI....

Stand up and show the Iraqi people it has been Article 50 that put handcuffs on the IQD the past 5 months.....bring back the auctions as they were doing and had been doing for years which helped to stabilize things and keep inflation at bay, which we know now is less than 2%....an awesome level by the way......

They have already seen remarkable results in just a matter of a couple of days with their new-found boldness.....the exchange rate has turned around over 100 points......and for this I applaud their efforts.

Yes security comes in many forms, security against the dangers associated with the threats of ISIS, security as in a national reconciliation effort, economic security and within that security in the banking and exchange rate efforts.....

Dr. S has spoken of security for several years, and I think his intent is a large combination of all of this, but especially that which is associated with the economic recovery and the monetary reform.....he must have a well-orchestrated laundry list of things he expects to see in place and it would not surprise me one bit if our I-Team has laid eyes on that list at one time or another.

There is great faith in Dr. S and his motives for what needs to be accomplished in Iraq to bring them into the world as a global leader and I think we are seeing more and more of those efforts as time passes.

I believe the CBI maybe through PM Abadi has seen yet another green light, this time the green light has shone for them to once again begin to advance the exchange rate by bringing the IQD and the USD closer together, proving they do know what is best for Iraq, and not from any political standpoint but from a true economic standpoint.
This isn't making the Finance Committee happy because for once they are left with rotten eggs dripping from their faces....but so be it....you took your pot shot and the eggs are the result.

Remember, the BEST is yet to come! Aloha Randy 

JCR3758 TWEETS, 21 JUNE

JCR3758 :No one will force me to violate my NDA or my family's well been. Those that don't understand that will jeopardize their financial future.

Good morning everyone, hope you are all coping with things in a positive manner while waiting for the exchange. Don't listen to all the hype

MILLIONDAY & FRANK26 UPDATE, 21 JUNE

Millionday: "Published (range Press) draft law of the National Guard in Iraq and amendments made to it by the political blocs, the following is the text of the draft.  Based on what passed the House of Representatives and approved by the President of the Republic and based on the provisions of the first item of Article 61 and Item III of Article 73 of the Constitution. Issued the following law National Guard Law."

THIS IS SAYING THAT THE NATIONAL GUARD IS TO RECEIVE THE RIGHTS AND PRILEGES LISTED IN THE LAW BY BEING IN THE SERVICE AS WITH ALL SERVICE BRANCHES...  [National Guard law passed?YES AND AMENDMENTS. [What does this law have to do with the Dinars?]  THE NATIONAL GUARD IS USED FOR MUCH OF THE SECURITY ON BORDERS AND MANY OTHER AREAS -- IT IS A HUGE LAW FOR THE SECURITY OF IRAQ AND THE CONFIDENCE OF INVESTORS AND CITIZENS ETC.

[What about the amnesty law? has that gone through?] THE AMNESTY LAW IS IN PARLIAMENT. [PARL NOT DUE BACK TILL JULY 1? ANY TALK ABOUT SPECIAL SESSIONS?] THEY HAVE BEEN GIVEN 30 DAYS OF SPECIAL SESSIONS BUT NOT SURE WHEN THAT ENDS. [Didn't the investment law have two or three readings already...?] YES IT HAS AND IN FACT IT HAS BEEN REPORTED IN SOME REPORTS TO BE DONE.
[Any more updates on HCL?] THEY ARE USING THE OIL AGREEMENT WITH IRAQI FEDERAL AND ERBIL --- THROUGH MOSTLY WHAT WAS ACQUIRED FROM 2011 ISSUE -- AND WORKING ON ANY CHANGES IN FUTURE LAW ...THIS IS NOT UNUSUAL FOR NATIONS TO BE CHANGING AND REFORMING LAWS.
 

*****
Frank26:  NOTE once this is done article 8 articles will follow.....rapidly
( see article below)   KTFA  Frank
BigIron:  Yes sir. I pray that the family understands how important article 8 is to our investment. Article 8 and the HCL are what this old timer has been waiting patiently to be implemented.

Frank26:  IMO....... 1 out of 2 ain't bad.
IMO ....... HCL in the Budget awaits ...... Article 8 !   Strong IMO.    KTFA  Frank
Walkingstick: Iraq is seeking to get "credit rating" reasonable
Adel Abdul Mahdi - 06/21/2015 - 1:00 |

In the past week it took place in Istanbul intensive meetings with two of the three for "credit rating" global institutions ("Fitch" and "Moody's")

The third did not contribute to a "Standard & Poor's", (which lowered the credit rating of the United States in 2011 from AAA grade to grade + AA) .. and three of the top international banks and is "Citibank" and "JP Morgan" and "Deutsche Bank" , all of that on the one hand .. and the Iraqi Minister of Finance and Planning, oil and central bank governor and deputy national security adviser, as well as senior advisers and experts, lawyers for the parties involved.

The aim evaluating the credit situation of Iraq, which is the "Unclassified" (NR, Not publicly rated), and even lower than the lower grades D .. The highest grades are AAA. The higher the "Category" ahead whenever facilitated transactions rose admissibility and decreased interest rates, and vice versa .. especially that Iraq is seeking to put government treasury bonds in international markets to enhance the finances in the face of fluctuations Alsoq.msr for example classified BB, and Iraq is seeking to obtain this classification or more.
Iraq missed for a long time for global markets, and led the wars and internal situation conflicting long to the collapse of the financial and economic reputation, especially after the accumulated debt and devastated the economic structure, and become a country totally dependent on oil .. Therefore, the meetings were the need to strive for the restoration of the situation.

There is no doubt The most dangerous threat any country is drowning in debt .. But what is more dangerous than getting hurt that country's economic infertility and stop the development process, and begin to produce increasing rates of poverty, ignorance, underdevelopment and unemployment.

Although the mobilization process development and launch of internships, but this process will remain Off and truncated without markets and relationships and global transactions .. and the world today -_khasossa in the financial buildings and-economic is a world structured, ie it controls the phenomenon and hidden, the senior interests and states play Adora essential. The decisions in these forums, in spite of all that is in them from the figures, information and professional, but also the decisions of the interests and impressions wrong and not necessarily an objective and fair decisions.

In any case, does not reflect the religion itself for Adzao palaces as long as invested in the areas of development, investment and infrastructure or social services that develop resources population and human, and as long as there check on the payment. The United States is one of the greatest economies, is also the largest debtor country in the world.

They and other major countries, all of the city, occupies the highest rates of "Category" global. So it was to give the International Monetary Fund for Iraq in 2004 "loan crisis", evidence of Iraq efficiency in the payment of its debts, it infers the states and institutions in dealing with Iraq, which was a key step in the "Paris Club" negotiations to get the greatest reduction obtained by the average country income such as Iraq, ie 80-90% of the total debt of $ 120-130 billion.

Therefore it boasts top international companies got high as loans, as a sign of confidence by the banks and their ability to repay and invest the money in growing areas.

http://aladalanews.net/index.php?show=news&action=article&id=129178

RE: Dinar Revalued - Exchanges Start Monday, 21 JUNE

RE: Dinar Revalued - Exchanges Start Monday

Yesterday, we were flooded with information sent from Deep Source, Scorpio,Operation Disclosure and our email contacts as well as intel on our Classified page.

As claimed in their information, exchanges are to start Monday with the Iraqi Dinar revalued at $3.91.

This information straight from the Pentagon was yet again confirmed by an individual whom is a member of the New Republic.

We are to wait for Monday to confirm the credibility of this information. We hope it is the axiom.

KTFA CHAT UPDATE, 21 JUNE

KTFA:

Frank26:
  NOTE once this is done article 8 articles will follow.....rapidly
( see article below)   KTFA  Frank


BigIron:  Yes sir. I pray that the family understands how important article 8 is to our investment. Article 8 and the HCL are what this old timer has been waiting patiently to be implemented.

Frank26:  IMO....... 1 out of 2 ain't bad.

IMO ....... HCL in the Budget awaits ...... Article 8 !   Strong IMO.    KTFA  Frank


Walkingstick  » June 20th, 2015, 11:01 pm

Iraq is seeking to get "credit rating" reasonable

Adel Abdul Mahdi - 06/21/2015 - 1:00 |
....
In the past week it took place in Istanbul intensive meetings with two of the three for "credit rating" global institutions ("Fitch" and "Moody's") ..

The third did not contribute to a "Standard & Poor's", (which lowered the credit rating of the United States in 2011 from AAA grade to grade + AA) .. and three of the top international banks and is "Citibank" and "JP Morgan" and "Deutsche Bank" , all of that on the one hand .. and the Iraqi Minister of Finance and Planning, oil and central bank governor and deputy national security adviser, as well as senior advisers and experts, lawyers for the parties involved.

The aim evaluating the credit situation of Iraq, which is the "Unclassified" (NR, Not publicly rated), and even lower than the lower grades D .. The highest grades are AAA. The higher the "Category" ahead whenever facilitated transactions rose admissibility and decreased interest rates, and vice versa .. especially that Iraq is seeking to put government treasury bonds in international markets to enhance the finances in the face of fluctuations Alsoq.msr for example classified BB, and Iraq is seeking to obtain this classification or more .

Iraq missed for a long time for global markets, and led the wars and internal situation conflicting long to the collapse of the financial and economic reputation, especially after the accumulated debt and devastated the economic structure, and become a country totally dependent on oil .. Therefore, the meetings were the need to strive for the restoration of the situation.

There is no doubt The most dangerous threat any country is drowning in debt .. But what is more dangerous than getting hurt that country's economic infertility and stop the development process, and begin to produce increasing rates of poverty, ignorance, underdevelopment and unemployment.

Although the mobilization process development and launch of internships, but this process will remain Off and truncated without markets and relationships and global transactions .. and the world today -_khasossa in the financial buildings and-economic is a world structured, ie it controls the phenomenon and hidden, the senior interests and states play Adora essential. The decisions in these forums, in spite of all that is in them from the figures, information and professional, but also the decisions of the interests and impressions wrong and not necessarily an objective and fair decisions.

In any case, does not reflect the religion itself for Adzao palaces as long as invested in the areas of development, investment and infrastructure or social services that develop resources population and human, and as long as there check on the payment. The United States is one of the greatest economies, is also the largest debtor country in the world ..

They and other major countries, all of the city, occupies the highest rates of "Category" global. So it was to give the International Monetary Fund for Iraq in 2004 "loan crisis", evidence of Iraq efficiency in the payment of its debts, it infers the states and institutions in dealing with Iraq, which was a key step in the "Paris Club" negotiations to get the greatest reduction obtained by the average country income such as Iraq, ie 80-90% of the total debt of $ 120-130 billion.

Therefore it boasts top international companies got high as loans, as a sign of confidence by the banks and their ability to repay and invest the money in growing areas.

http://aladalanews.net/index.php?show=news&action=article&id=129178

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

Lexi  » June 21st, 2015, 1:16 am 

Hey Frank great to see that blue:) hey if you don't mind I have one quick question please?
Is it possible for them well I know this is Iraq so anything might be possible but can they release their new credit rating to the world without having to show the rate? Just wondering your opinion on his.

 I'm just thinking in my mind that if they reveal that rating to the world surely they would have to start selling those bonds quickly. And we all know that rate will get leaked out if they try to sell them and still not showing the new rate in my opinion.

So I guess what I meant was can they show the new rating to world and just wait longer on selling those bonds to the public? So therefor show the rating but still not have to put out the new rate or do they have to go hand in hand with one another in your opinion?

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

Bluedog 
 » June 21st, 2015, 1:50 am 


Breaking News CBI Governor assures agreeing with Banks Union on unified exchange rates
2015/6/20

Baghdad (Forat) –The Governor of Central Bank of Iraq, Ali al-Allaq, assured that the Central Bank of Iraq agreed with the Banks Union on unified USD-IQD exchange rates.

http://en.alforatnews.com/modules/news/article.php?storyid=19810

WHAT IS THAT UNIFIED RATE? .............. JUST DON'T KNOW YET BUT MAYBE THEY ARE READY TO TALK Bluedog

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

Frank26:  IMO .......... Yes.  KTFA   Frank


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

Walkingstick   » June 21st, 2015, 7:33 am 

CBI News & Announcements

To / brokering the sale and purchase of foreign currencies approved all companies ( instructions regulating the work of brokering the sale and purchase of foreign currencies firms )
21/06/2015
http://www.cbi.iq/?pid=Home&lang=ar

Dnari131  » June 20th, 2015, 11:55 pm 

HERE COMES INTERPOL ON THE MALIKI GOONS I'M THINKIN....

Arrest warrants for 15 Iraqi ministers on corruption charges

Saturday, 20 June 2015 13:42

https://www.middleeastmonitor.com/images/article_images/logos/interpol-2.jpg

InterpolIraq's Commission of Integrity has contacted INTERPOL to help capture these officialsIraq's Commission of Integrity announced on Friday that 1,668 officials, including 15 former ministers and 122 seniors have been indicted for corruption, Al-Araby Al-Jadid reported.

Chief of the Commission Hassan al-Yassiri said in a press conference that arrest warrants were issued for the accused for theft of public funds, embezzlement, bribery, corruption and other issues.

"This number is for this year only," Al-Yassiri said, "we hope the Iraqi executive authorities respond to the warrants and arrest the culprits." He said that the Commission had contacted the international police (INTERPOL) for this purpose.

Meanwhile, Al-Yassiri said that 373 persons, including three seniors had been arrested. He also said that the total sum ordered to be returned to the national treasury was 889 billion Iraqi dinars. There are still larger amounts to be investigated.

Speaking to Al-Araby Al-Jadid on the issue, Iraqi economic analyst Adnan Abdul-Wahid said: "Billions of USDs were stolen by Iraqi officials... The reason behind the current financial crisis in the country is that the previous government had stolen the budget."

https://www.middleeastmonitor.com/news/middle-east/19341-arrest-warrants-for-15-iraqi-ministers-on-corruption-charges

DINAR IRAQ & DONG VIETNAM UPDATE, 21 JUNE

Dinar Iraq and Dong Vietnam : It’s not so much about raising the value, it’s more about setting the stage to create the right environment for successful dinar.
They must pass the laws, rid the country of violence or and ISIS so investors want to come to Iraq.
*****
Abadi said the government will strike with an iron fist on the manipulators in the price of the Iraqi dinar exchange rate against the US dollar.
The Amnesty Law, does not allow the release of any criminals and terrorists who have shed blood.
During the last 2 days the US dollar exchange had a sudden and unprecedented rise, and the price of the dollar reached yesterday to 1400 Iraqi dinars.
Economic institutes sent a warning of a possible collapse of the Iraqi economy, if this rise continues and no measures are taken by the central bank to stop it.
*****
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.