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Saturday, June 27, 2015

MILLIONDAY CHAT UPDATE, 27 JUNE

Millionday News Time Chat (Evening) 6-27-15 

Thanks to DinarRecaps.com for posting Round Table with Millionday!!

Millionday: It announced that Iraqi Airways, said on Saturday that all airlines operating in Iraq globally registered, and to be agreed with them according to the most important service standards, and while confirming that the airline (Fly Baghdad) will enter the list of companies that contracted, the Committee on Parliamentary Services confirmed that it touched a good change the performance of the Ministry of Transport on many of the services provided both in the airlines or the airport in general.

He said flags Iraqi Airways director Akram coffee in an interview with the (long-Presse), said that "all airlines operating in Iraq registered worldwide," noting that "the first issue we focus on in contracted services is the principle."

Millionday: WHOOOPOW

Millionday: NOTE----IRAQI AIRLINES ARE GOING INTERNATIONAL
....
Millionday: NOTE -- WOULD HAVE WALK RIGHT BY --- TRAVELEX

Millionday: NOTE -- THIS IS HUGE HUGE REVENUES

Millionday: AND PART OF A MARKET ECONOMY IMO

Millionday: He and coffee, that "all the services provided by these companies for travelers follow-up by a competent cadres of Iraqi Airways," ruling out "the adoption of a commercial contract or agreement with the airline companies are not licensed."

The coffee, that "registered airlines in Iraq, ranging from four to five companies, such as Company (Nasser and Zagros and Fly Dubai and soon Fly Baghdad), and these are all companies operating agreement with Iraqi Airways," pointing out that "the work is in accordance with the trade agreement, according to Iraqi civil aviation law. "

He went on to coffee, that "the agreement with these companies by taking into account the issue of profit, service and cleanliness provided by them and regularity ratio airline schedules and bookings, in addition to those that need to be modern aircraft."

Millionday: NOTE -- THEY HAVE TO BE INTERNATIONAL COMPLIANT AS WELL--- MODERN ETC

Millionday: WHOOOPOW

Millionday: For his part, he told the parliamentary committee services by Tawfiq al-Kaabi, said, his committee "asked the transport minister to come to Parliament, has been sent agent and the Committee of the ministry, in order to travel the minister," adding, "it was talking about a lot of things that concern the issue of transport and service companies Introduction ".

He explained Kaabi in an interview with the (long-Presse), "as we called the need to interest a traveler and overcome all the obstacles and on eating submitted and hospitality and other services, however we have not received any complaint concerning the airlines and other services to the airport, because we scrutinize any information up to us, though we had Many of the recommendations worked out by the Ministry of Transport.

Millionday: NOTE -- THIS IS A VERY PROSPEROUS INDUSTRY

Millionday: He said al-Kaabi, that "we have seen a change in the work of the Ministry of Transport on the operationalization of the aircraft, which was parked at the airport, in addition to open courses for flight attendant in Lebanon, has been seen there Tzlila difficulties during Tjona at the airport, and based on our conversation with the Deputy Minister of Transport."

The Iraqi Ministry of Transport revealed, in the April 23, 2014, its intention to "a new building design" to Baghdad airport accommodates "ten million passengers a year", and as pointed out that it is seeking to deliver air fleet to "70 aircraft", indicated that they are implemented now more than "20 Marina "for maritime transport.

Millionday: WOW THAT IS HUGE

Millionday: NOTE -- REMEMBER WHEN THIS AGREEMENT WAS MADE

Millionday: The news site global economic detect, in (April 3, 2014), that Iraq sought to obtain a loan of two billion dollars of import American and Export Bank, to finance the purchase of 40 civilian aircraft from Boeing, while among that this was due to the late adoption of the federal budget and the need to finance many transport projects, it reported that Baghdad would form a committee from the Ministries of Transport and Finance and the Central Bank and the airways of the negotiations on the subject with the help of the American branch of the Bank of Citigroup in Iraq.

The Boeing (800-737) arrived, (March 27, 2014), to Baghdad International Airport, led by an American crew, and with Iraqi Airways confirmed that the plane is the third out of 40 contracted by Iraq with the United States, pointed out that Baghdad It will take over until the end of 2014, six other planes.

Millionday: WHOOPOW

Millionday: INTERESTING TIMING

Millionday: THAT WAS FOUND BY OUR ROCK STAR HOLLY EARLIER -- LOVE TO HER
===============================================

Millionday: NOTE -- READ EVERY SINGLE WORD

Millionday: Obelisk: stressed economic adviser to Prime Minister appearance of Mohammed Saleh, said Saturday the need to unify the exchange rate between the central bank and the price that deals with people in the market, and make it pricier one actually commensurate with the oil and economic conditions austerity sale and the defense of this price volatility price.

Saleh said in a statement published by local media, followed up "obelisk", that "the Iraqi dinar exchange rate is the same as the external value of the national currency, the value of money and this value is important to relate to the external sector, because most goods and products are imported and we got to the point Import services also including medical and legal and advisory as well as the importation of goods, explaining that "the volatility of the exchange rate in favor of the dollar and foreign currency taken from the rights of citizens and affect the income and wealth and hits the standard of living."

Millionday: NOTE -- IN OTHER WORDS THEY NEED TO ADDRESS THE DINAR RATE IN ORDER TO HIT THE MARKET ECONOMY AND BE AS THE OTHER COUNTRIES -- BRING TO MIND THE INTERNATIONAL EQUATION

Millionday: He added that "monetary policy is working for the stability of the national currency and to address the volatility," stressing that "the problem of Iraq today is the low price of a barrel of oil, which depends upon the country in obtaining hard currency, which lost more than 50% of the value of exports and foreign currency," noting It "with a lower value of exports remained high value imports, and thus there current account deficit."

He noted that "administrative and financial processes in general affected the exchange rate and the decreased value of the dinar against the dollar", calling for "non-interference to the work of the Central Bank", noting that "the central bank must find a realistic price for the exchange rate Intasp with the economic situation and the defending state this price, and the market and the central bank at a price of one, and that the price difference does not exceed 2%, explaining that "if the desire of the state to improve the value of the Iraqi dinar, it is

Millionday: WHOOPOW >>>noting that "the central bank must find a realistic price for the exchange rate with the economy improves conditions in the country."

Millionday: "The big difference at the exchange rate of the Iraqi dinar against the dollar between the central bank and the market is leading to a loss for the country and the Central Bank", stressing that the monetary policy should put the price of one, and that the proportion of this price with the price of a barrel of oil, which is sold at about $ 60, not $ 110 and commensurate with the balance of payments deficit and not its austerity budget surplus and with the conditions, and this is decided by the central bank to move away from conflicts. "

Millionday: NOTE -- AS WE HAVE BEEN SAYING -- THEY ARE LOSING SITTING STILL -- NO DOUBT -- SO ADJUST AS WE ALL DO

Millionday: The exchange rate of the Iraqi dinar exposure to speculation during the last period and a large rise in record time, prompting cell crisis to agree to the proposal of the Central Bank to cancel 8% of customs and excise tax imposed on the purchase of the dollar.
The Governor of the Central Bank of Iraq and the Agency on the Keywords confirmed the absence of fear of the rise in the dollar's exchange rate against the Iraqi dinar, revealing the "Ask a local bonds worth $ 5 billion; to provide liquidity to the state."

Millionday: SO REMEMBER THAT THE CRISIS CELL IS A FORMED GROUP

Millionday: END OF GREAT GREAT REPORT

_firefly_ Millionday: That's a lot of Dinars at 1166

Millionday: I AGREE FIREFLY
================================================

Millionday: Basra rejects a proposal for a federal mortgage oil

Basra rejects a proposal for a federal mortgage oil

Basra's governor refused to pledge to maintain oil and sell it on credit for the issuance of foreign bonds to ease the financial crisis that has plagued Iraq.

Baghdad rejected the governor of Basra Majed Nasraoui, on Tuesday, a proposal calling for the federal government to pledge to maintain oil and sell it on credit for the issuance of foreign bonds to ease the financial crisis that has plagued Iraq because of lower oil prices in global markets.

Basra and contain the largest of Iraq's oil wells, which Qurna 1, Qurna 2, Rumaila, and crazy, and Ratawi, and Allhis, and produces more than 2.5 million barrels of oil per day.

Millionday: NOTE -- THE IDEA WAS TO PAY WITH OIL WHILE THEY SAT AND DID NOTHING OR LITTLE --- IT IS NOT GOING OVER WELL -- SMILE

Millionday: NOTE -- REMEMBER THEY GET PROCEEDS FROM THIS OIL

Millionday: NOTE -- ANOTHER PRESS CONFERENCE

Millionday: Nasraoui said, during a press conference held at the building of the province, said that "Basra rejects any actual move, mortgage on its oil reserves in order to get out of financial distress, unless it is coupled in advance in consultation with the local government, both executive and legislative."

The provincial council and the conservative local government in every Iraqi province, and engaged in the legislative and executive Mhahmha within the limits of the province, according to provincial law irregular No. 21 for the year 2008 average, which Julhma version localized laws do not conflict with federal laws.

Millionday: NOTE -- THIS CREATES PRESSURE

Millionday: Nasraoui added that "you should not dispose of the oil wealth individually without consultation with the local government, in accordance with Article 112 of the Constitution and the law of the provinces commitment No. 21 for the year 2008 average."

The governor pointed out that "the sale of oil on credit is one of the proposed solutions to address the significant shortfall in the budget, but should be coordinated with the local government, above all, what more concerns us ensure the benefits of Basra financial returns and not adversely affecting the oil reserves for future generations.

Millionday: NOTE -- EXACTLY -- YOU DO NOT SELL LOW AND BUY HIGH -- UNLESS YOU ARE HEARING MARBLES AS YOU WALK

Millionday: Iraq is facing an economic crisis forced him to reduce the size of the financial budget as a result of falling oil prices to below $ 50 a barrel and start a policy of austerity, while the Ministry of Finance announced last month that it would increase taxes on some of the services provided.
============================================

Millionday: THIS IS THE BEST REPORT OF THE WEEK

Millionday: READ EVERY WORD

Millionday: Farah pumice prompted an economist on the importance of securing adequate to attract investment to set up and implement a real shift towards a market economy, through supporting the work of the private sector and regulatory reforms and re-drafting support economic legislation of this shift. environment

Millionday: NOTE --- THEY ARE CALLING FOR THE CHANGE OF POLICY THAT MOVES THEM TO A MARKET ECONOMY
Millionday: WHHHOPOW

Millionday: expert Mahmoud Alloush said for " morning ": it is" up to the present time there are no positive environment for businessmen to reform the labor market, many reasons have prevented the identification of the Iraqi economy. "
Among Alloush main obstacles that caused the cessation of the private sector in the forefront of the security situation and the weakness of basic services, as well as complications and routine financial and administrative corruption that contributed to disrupt the work of businessmen.

Millionday: NOTE -- THE NEED IS WHAT?---ATTRACTING INVESTORS AND THE MOVE TO A MARKET ECONOMY

Millionday: THIS IN THE CLAIM OF REFORM

Millionday: The expert stressed the need to reconsider a set of laws, regulations and instructions that were operating through a totalitarian regime before 2003 are not in line with the current stage while Iraq is seeking to shift towards a market economy from During canceled and the involvement of experienced and competent in the re-drafting of these regulations and legislation, with the help of businessmen true and involve them in economic state facilities or benefit from their expertise in this area to facilitate the process of transition to a market economy, as stipulated by the Constitution.

Millionday: NOTE -- THE CONSTITUTION MOVES THEM TO A MARKET ECONOMY -- THEY HAVE THE LAWS ON THE SHELF IMO -- PER THE PLAN

Millionday: As for the focus money and business expertise capital, he saw Alloush that many of them are active in the capital Baghdad as the center of the work of the president, but he found the other hand the work going in a balanced manner in the rest of the provinces and cities of Iraq, so the opportunities available and balanced for all concerned in the economic activities through the excellence of each province actively specialist such as industry, agriculture, tourism or oil extraction operations .

Millionday: NOTE -- THEY NEED TO GO TO THE GLOBAL MARKET AND QUIT LOOKING OUT THE WINDOW IN BAGHDAD IN OTHER WORDS

Millionday: NOTE --- PEOPLE NEED JOBS --

Millionday: Experts and specialists in economic affairs and confirms that the private sector can play an important role in advocating improve the business environment, thus it will enhance the ability of companies and business associations in the active participation in government and economic institutions and to contribute to moving the economic development in the country, through the provision of studies, expertise and consulting in this area.

_firefly_ Millionday: Especially with all of those new super malls popping up

Millionday: EXACTLY

Millionday: LOVE THAT REPORT

Millionday: SO LET ME SAY THIS

Millionday: JULY 1ST -- FIRST SESSION FOR IMPORTANT LAW -- IMF MEETING ON IRAQ`S MONEY---JULY IS THE HUGE HUGE SHOPPING INTERNATIONAL MEETING -- HUGE

efriscone: Do you still think they have a date they are committed to to get this done?

Millionday: EFRI-- I THINK THEY HAVE HAD A DATE FOR THE WHOLE TIME -- WE JUST DONT KNOW WHAT IT IS SO WE WATCH WHAT THEY DO IN INK
Millionday: WHO MAKES A PLAN OF CHANGE LIKE THIS WITH NO DATE ?
==========================================

Millionday: Agencies approved EU finance ministers to regulations of the European Fund for investments of strategic core of the European investment plan, or what is known as Plan Yuncr.ositdmn Fund - according to the regulations - 16 billion euros (about 17.92 billion US dollars) in guarantees from the European Union and 5 billion euros from the Bank

Aloorobi.obad investment obtaining the approval of the European Parliament on June 24, paving the approval of Member States the way for new investments starting from the middle of this year.

Millionday: NOTE -- THIS IS IRAQI APPROVED INVESTMENTS

Millionday: The aim of the investment plan presented by the European Commission President Jean-Claude Juncker, in January this year to attract investments worth 315 billion euros for the EU to support innovative projects and modernization of infrastructure. The Fund, which is the financial basis of the plan and intends to attract private sector funds to contribute to the financing of projects in Europe. The finance ministers agreed on the rules of operation of the Fund, including the allocations in the EU budget and the scope of its projects and rules Adarth.oukal Yannis Warriors, Finance Minister of Latvia and the chairman of the meeting: "In the current economic context, there is a clear need to pay for investments," adding that the new fund through improve the ability to take risks will provide for the participation of the private sector environment.

Millionday: IRAQ WANTS A PIECE AND HAS A PIECE TOO
Millionday: NOTE -- THEY ARE TO USE THEIR PRIVATE SECTOR TO MOVE

firefly_ Millionday: As Abadi told us months ago "The private sector will fund the Economic reform"

Millionday: EXACTLY
=====================================

Millionday: Hussein al-Tamimi Tgb counting economic Samir Alnasiri member of the Baghdad forum CBI initiative in the allocation of the amount trillion dinars for program financing of small and medium enterprises the right to work.

Millionday: He said in an interview with "morning": that the allocation trillion dinars to finance projects small, medium and adopted by private banks and in cooperation and coordination with the Iraqi private banks association represents a move designed primarily to achieve sustainable economic development, support and financing of small and medium enterprises and the reduction of unemployment for young graduates producers within the work and people with occupational and professional and technical skills with the ability to establish and manage product project age in the agriculture sectors of the economy and the industry, housing, trade, tourism and health.

Millionday: NOTE -- THIS HAS BEEN REPORTED TO BEGIN IN JULY

Millionday: NOTE -- THE LOANS BEGIN IN JULY FOR SMALL AND MEDIUM

_firefly_: Diversification. That is what the IMF suggested last November

Millionday: DEMANDED

Millionday: He noted that the activation of the mechanisms of implementation of the project needs to be a set of quick actions in cooperation and coordination with the banks and to ensure that the mechanism of successful project implementation and success and development Pmaahakq central goal.
Alnasiri suggested that action may be taken and securing executive requirements of the application The program effectively and practical, is also given the role of the Iraqi Company for financing small and medium enterprises existing as a specialist and charged with the management of the project that includes the allocation amount for banks wishing to stage the first trial to prove the success of the application of the instructions issued by the Central Bank of Iraq and for the remainder of 2015.

Millionday: NOTE -- THIS IS THE APPLICATION THAT MEANS FUNDING
Millionday: AND THIS IS GREAT NEWS

Millionday: He pointed to the importance of reconsider study program, instructions, applications and successes and failures that I got to get to the visions and instructions for new 2016 adopted by the Council of the Iraqi Central Bank administration in particular, and it currently represents the supposed consultation and opinion, partnership and cooperation in making decisions on the applications of monetary policy, the private banking sector.

Millionday: NOTE -- ANY CHANGES THAT HAVE TO BE MADE WILL BE IN THE ADJUSTMENT OF 2016 BUDGET AND POLICY

Millionday: THE BANKS HOWEVER ARE GOING TO BE FUNDED FOR THE REST OF THE YEAR FOR THE PRIVATE SECTOR ACTIVATION ACCORDING TO THIS

Millionday: WHHHHOOOPOW

Millionday: Alnasiri between the importance of creating a new structure within the organizational structure of the Central Bank of Iraq include the establishment of a unit or department Odairh to manage the amounts and the distribution of funding, monitoring and evaluation of the application of the financing of small and medium enterprises program in accordance with the operational instructions issued and the window is called (development finance fund administration), or as it is called now (National Finance Fund).

Millionday: NOTE --- THIS WILL BE MONITORED AND AS IT IS DEMANDED TRANSPARENT

Millionday: urged to identify Standards definition of small and medium enterprises based on standard numerical workers in or sectoral standard and is placed controls limits lower and higher lending according to the importance and its impact on the economic development of the project, included Productive Families popular and heritage industries and stereotypes, sewing and encourage the feminist element in the establishment and financing of these projects where Statistics indicate that The proportion of women Products Crops loans to finance small and medium-sized their businesses no more than 13 percent of the total recipients of these loans.

Millionday: NOTE-- THIS MEANS THEY CAN ONLY FUND SO MANY

Millionday: READ EVERY WORD >>>>>>>>>>>>>>>>

Millionday: Alnasiri stressed the importance of re-financing the distribution of balanced proportions to serve the economic development of economic sectors and non-Turkazaaly finance consumer and unproductive nature of projects where Statistics indicate that commercial loan accounts for 53 percent of the total previously funding granted loans while finance housing loans 3 percent and the agricultural 5 percent and health 3 percent. The student reconsider rate of interest on the loan, which realized the central bank, banks and the guarantors that no more than 4 percent instead of 5.5 percent and the duration of repayment loan of not less than 5 years instead of 3 years and can finance the project a second time in the case of repayment of the loan for less than the period Aamahddh for the purpose of development.

Millionday: NOTE -- GREAT INTEREST RATES-----

Millionday: THE RE-FINANCING OF THE BALANCES IS TO SERVE THE ECONOMIC DEVEOPMENT ?-- WOW

Millionday: SO THEY HAVE TO MOVE FORWARD -- SINK OR SWIM

cjquade54: they truly are moving ahead with lightning speed now aren't they
Millionday: QUICKLY FOR SURE
Millionday: HERE IS WHAT I HAVE ON THE NATIONAL FINANCE FUND
Millionday: The central bank is betting on the success of the project by firing his experience lend to small and medium enterprises based on the Association of Iraqi private banks to lend cooperation to carry the young researcher for employment opportunities, meaning that the subject was Mdyate required in the preparation and organization, including making him confident of success.

Millionday: NOTE =--FUNDING THE NEW MARKETS AND PRIVATE SECTOR

Millionday: READ THE AMOUNT

Millionday: Starting to be a warning from the other put sticks in the national project wheel through irresponsible remarks or rather inaccurate and not a related technical specialization in this field, to give the experiment a chance to succeed outside of interpretations, doubts and point the finger in advance, I think that's what will face this project National, that the warning does not mean there is to express an opinion and objective criticism correction of the course of the experiment but the need to provide evidence in Aladea.an allocation trillion dinars to start such a project is a great record deserves attention and means that he step on the road to the right start for the restoration of the national economy and stimulate and if taken advantage of the loans, amounting to Fifty million dinars maximum per project

beth Millionday: 50mil dinars. wow

Millionday: NOTE -- OBVIOUSLY THEY EXPECT SOME ISSUES -- AND WOW IS RIGHT -- NOT A LOT

Millionday: to achieve its goals and sincerity of borrowers in their intentions and paid premiums on time, imagine the size of the generation and cash flow and invest in more projects and as a result, the capital of this session will prove central bet on the success of the project

Millionday: NOTE -- SO A GROUP WILL DECIDE

Millionday: Before going into the requirements of the success of this vital project is not necessary to clarify the objectives of the bet and of starting stimulate the economy by creating new jobs contribute to the absorption of unemployment towards business and special projects, which leads to a scalable desires in the search for government jobs stressful .alahm he will contribute to the re-core activity for the sector But the heart of the banking and tasks of lending for development, who missed him because of the circumstances, domestic production is needed to replace the country billions of dollars for the purposes of import simple products can be produced locally, as well as creating leverage as I said before, and so we have taken towards real development.

Millionday: NOTE -- LOVE IT >>> as well as creating leverage as I said before, and so we have taken towards real development.

Millionday: SO AS WE SEE THEY ARE MOVING FORWARD WITH LOANS TO THE PRIVATE SECTOR -- THE HEART OF ALL ECONOMIES

Millionday: HAVE A GREAT NIGHT AND SEE YOU TOMORROW AT 730 EST AND THROUGHOUT THE DAY

Millionday: WOW THIS IS EXCITING!

TNT:Iran natural gas ....lots of it , put the puzzle pieces toether now, 27 JUNE

    • Redindian said
      07:01 AM Jun 26, 2015
    http://www.wallstreetdaily.com/2015/06/26/iran-sanctions-natural-gas/
    • the maze said
      07:27 AM Jun 26, 2015
    A removal of sanctions by the United States, the United Nations, and the European Union will likely stimulate the production of Iran’s massive gas reserves. "LIKELY!" Are you kidding me!? Though this will take several years to come on line it will be monumental...what caught my attention is the article seems to imply that sanctions being lifted are past tense. Great article on the subject thanks for posting...time will tell.
    • Redindian said
      12:07 PM Jun 26, 2015
    Agreed! I watch and put a lot of info, bs media, things going on now and years ago too. I agree how you put things together and keep watch to make sense of it all. So many greedy corupt politicians here and globally. But we can't get into that on here. Go RV!!!
    • BIG E said
      07:31 PM Jun 26, 2015
    good
    • SUGGAR said
      04:29 AM Jun 27, 2015
    Thanks for the post...this is the kind of stuff to expect in a negotiation.......the bottom line is our prices will hopefully drop to where they should be ........Now I hope that oi prices will drop ....drop.....
    • ezmuny said
      08:32 AM Jun 27, 2015
    Suggar,
    No we want oil prices to go UP way UP . the higher the better.
    • happypappy1143 said
      01:32 PM Jun 27, 2015
    Can't pull up the link but from what I am reading from your post I can get a general idea of what's going on . having natural gas prices go down is a good thing for a lot of the people ,but having oil prices go higher and higher is rediculus !!! Just so you can get a higher return on your dinar is just greed !!! Remember the rest of the people can't pay those prices with your money .for higher gas prices at the pump .
    • Dr M J Randy said
      02:04 PM Jun 27, 2015
    Dear Redindian,
    You have three (3) days to purchase on e-bey Iranian currency before it returns to it's former pre-sanction value. All sanctions are to be removed on Tuesday (June 30th).
    Today on e-bey you can purchase 100,000 Rial bank note for less then $10.00. Before
    sanctions it was $3.41 U.S. per Rial.
    Take care,stay well and God bless.
    • ROSY said
      02:32 PM Jun 27, 2015

MILLIONDAY NEWS TIME CHAT, 27 JUNE

Millionday News Time Chat 6-27-15 

Welcome to DinarUpdates.com & News Time with Millionday!!


Millionday: NEWSTIME
Millionday: He confirmed an economist, that the bank issuing 50 thousand dinars category will make it easier to deal in the local market, noting that the issuance of this new category does not cause inflation in the market or reduce handle small currencies.

The expert said contrary goldsmith’s / scales News /, said that “the Central Bank of yore in the issuance of the 50th class thousand dinars for the purpose of facilitating interaction between citizens and reduce the money carried by his size, Instead of carrying a million dinars, which is equal to 40 sheets class 25 000 dinars, will carry 20 sheets category 50 000 dinars. ”

Millionday: NOTE -- HOW MANY YEARS HAVE I BEEN DOING THIS ?
Millionday: NOTE -- LOOK AT THIS >>>>> noting that the issuance of this new category does not cause inflation in the market or reduce handle small currencies.

Millionday: WHAT SMALL CURRENCIES?

Millionday: NOTE --READ EVERY WORD

Millionday: WHOOPOW

Millionday: Sayegh said that “the issuance of this new category does not cause inflation in the market or makes small coins disappear or reduce handled Cal 250 dinars and 500, but it is a measure to facilitate the cash dealings between citizens, and especially after the Bank delete the zeros to reduce the huge figures in the currency.

Millionday: NOTE -- SMALL COINS ?

Millionday: NOTE ---READ THIS >> and especially after the Bank delete the zeros to reduce the huge figures in the currency.

Millionday: BUT READ THIS AGAIN >> and especially after the Bank delete the zeros to reduce the huge figures in the currency.

angus: past tense?

Millionday: OK ?--- THE TITLE CAUSES THE ISSUE

Millionday: NO -- THIS IS SAYING THE 50,000 IS NOT GOING TO IMPACT >> and especially after the Bank delete the zeros to reduce the huge figures in the currency.
Millionday: OR THE SMALL COINS OR THE SMALL BILLS -- IN INK

Millionday: The Governor of the Central Bank announced on the Keywords, (June 20, 2015), for the issuance of 50 000 dinars a class of local currency the end of this year, and pointed to wait to issue the 100 class may be released at a different time to avoid any inflation.

angus: so is this stating that an RV before the release of the 50,000? and the 100 or lower get settled in?

Millionday: THIS IS SAYING THAT THE RELEASE OF THE 50,000 IS NOT GOING TO CHANGE THE SMALL BILLS OR COINS OR REMOVAL OF THREE ZEROS

Millionday: WHICH WE HAVE NOT SEEN YET

Millionday: WHOOPOW

billionaire: I keep referring back to the article that said the 50k note would be used as the 50 dinar note. IMO, this is the only way releasing a 50k would not cause inflation. (The removal of the zeros) The only thing I don't understand is why the song and dance? Just do it.

Millionday: THAT IS THE QUESTION ALL ALONG -- WHY THE SONG AND DANCE ? WITH THIS BROKEN DOWN -- IT IS NOT BAD NEWS -- IT IS GREAT NEWS

billionaire: I agree.
============================================

Millionday: Baghdad confirmed the Legal Committee in the House of Representatives ratified frankincense, Thursday, that the next legislative term will vote on important legislation, noting that it is possible to vote on some of them in the first sessions of the legislative term. He said chewing gum for "tomorrow's Press," The "House of Representatives has a lot of work ahead of them are very important laws in the coming period, but it is agreed so far and they need to deal political parliamentary blocs," noting that "there are fully ready laws technically need political Touch Up."

Millionday: but it is agreed so far and they need to deal political parliamentary blocs," noting that "there are fully ready laws technically need political Touch Up." He stressed that "there are laws it is possible to vote in the first session of the next legislative term, "adding that" one of the most important laws and put up for vote, the National Guard and the parties and the National Guard and amnesty, accountability and justice of the Federal Court Rules. " He said chewing gum "with the beginning of the sessions will begin blocs dialogues on laws."

Millionday: SO AS WE SEE HERE ALL LAWS OF IMPORTANCE WILL BE DEALT WITH THE FIRST OF THE SESSION --- HCL IS THERE ALREADY ACCORDING TO REPORTS

Millionday: NOTE -- HE PROBABLY WAS NOT CHEWING GUM ---LOL

1glen: Any idea when the next session starts

Millionday: FIRST OF JULY EVERY YEAR SO WOULD SAY 1 OR 2 ETC
Millionday: WILL LOOK IT UP
Millionday: THEY ADDED 30 DAYS SO THE SCHEDULE MAY NOT BE ACCURATE

Millionday: IT IS THE 1ST OF JULY
Millionday: I AM GOOD

1glen: Thanks

Millionday: LOL -- THANKS MY FRIEND

Millionday: FOR THOSE OF YOU THAT WERE AROUND WHEN THE PLAN HIT THE CBI SIGHT-- YOU KNOW WHY THIS IS AN EXCITING TIME
Millionday: PAGE 14-15---76--77

billionaire: Did they take the plan down? Did you save a copy of it? lol

Millionday: YES IN OLD PUTER

Millionday: IT WAS WRITTEN BY SHABIBI AND UPDATED AS IT WAS COMPLETED -- AND GRAPHS WERE TOO
Millionday: IT WAS 112 PAGES I BELIEVE
Millionday: I READ THEM ALL
Millionday: SMILE

===========================================

Millionday: Center Brief for the Iraqi Media Network (IMN) - national investment made it clear that the amendments made by the parliamentary committee on economic investment law would be the great protection for the investor, where required all government agencies and others in collaboration with a balanced way to ensure the right of both parties.

Millionday: WHOOPOW

Millionday: NOTE -- SO THE ?? OF WHAT HAPPENED IS CLEAR --

Millionday: The head of the Investment Authority Sami al-Araji's (IMN) "The amendments put on the investment law, fundamental and important, and if approved shall serve the investment," adding that "amendments are real suffering we found in the field of investment, and therefore they were introduced in the law to ease the suffering of investors and investment bodies in the provinces National Authority for Investment. "

Millionday: NOTE -- THIS IS FANTASTIC -- THEY AMMENDED THE INVESTMENT LAW FOR THE INCOMING INVESTORS -- AS I SAID -- TO ATTRACT INVESTORS

Millionday: Araji said that "there are many privileges in this Act, including investor protection and care of employees and requiring all government agencies to cooperate with it in a balanced way guarantee the rights of both sides."
The proposals and amendments approved by the parliamentary committees on investment law will be presented early next legislative term, to approve the legislation and approve the most important statement in the amendments, especially in the involvement of 75% of the Iraqi labor in investment projects.

Millionday: NOTE -- AND REQUIRING ALL GOV AGENCIES TO COOPERATE -- I LOVE IT

Millionday: NOTE -- THE NUMBER IS HIGHER THAN I REMEMBER THE INITIAL LABOR LAW -- 75%

Millionday: READ EVERY WORD >>And heavily influenced by investment market in the past two months, due to higher US dollar exchange rates against the Iraqi dinar, but does not remedy the central bank to put the country's real financial crisis.

Millionday: SO UNDERSTAND THAT THEY ARE TALKING ABOUT THE INVESTMENT LAW
=========================================

Millionday: An International Monetary Fund (IMF) mission led by Carlo Sdralevich visited Amman from May 27 – June 4, 2015 to discuss with the Iraqi authorities financial assistance to Iraq under the Rapid Financing Instrument (RFI). At the end of the visit, Mr. Sdralevich issued the following statement:
“The mission has reached a staff-level agreement with the Iraqi authorities for IMF emergency assistance of SDR 594.2 million (approximately US$833 million) under the RFI. Subject to IMF management approval, the staff-level agreement is expected to be submitted to the IMF Executive Board for consideration in July 2015.

Millionday: NOTE -- JULY 2015

Millionday: The Fund is ready to assist Iraq in its efforts to tackle the economic impact of the conflict with ISIS and the decline in global oil prices. The armed conflict continues to strain the country’s resources and has created a humanitarian tragedy, with an estimated 3 million internally displaced people. The violence has also caused extensive damage to infrastructure and private sector assets.

“Mainly because of the violence, the economy has contracted by 2.1 percent in 2014 and is projected to achieve only a modest recovery of 0.5 percent this year, despite solid growth in the oil sector. With low oil prices, export revenues have contracted, pushing the current account into a deficit expected to reach 8 percent of GDP in 2015. As a result, foreign assets have declined in 2014 to US$67 billion and are projected to fall further this year.

Millionday: NOTE -- OBVIOUSLY THE VIOLENCE HAS HAD HUGE HUMANITARIAN IMPACT -- BUT, THEY ARE ALSO WORKING ON THE INFRASTRUCTURE AND -----PRIVATE SECTOR ASSETS

Millionday: NOTE -- THIS IS THE IMF AGREEMENT THAT MANY THOUGHT WAS A PROBLEM AND WOULD HOLD UP IRAQ`S ECONOMIC REFORM -- THAT IS NOT THE GOAL AT ALL

Millionday: “Under the pressure of high conflict-related spending and weak oil revenues, the budget deficit is projected to rise from 5 percent of GDP last year to about 17 percent of GDP in 2015, despite the non-oil tax measures envisaged in the 2015 budget and strict control of expenditures, including through the prioritization of investment projects.
“We welcome the steps taken by the authorities to address these urgent challenges and support their request for IMF emergency assistance.

“The mission met with Minister of Finance Hoshyar Zebari, Acting Governor of the Central Bank (CBI) of Iraq Ali Allaq and officials from the ministries of finance, planning, oil, the CBI, and representatives from state-owned banks.

“The mission would like to thank the Iraqi authorities for their cooperation and the open and productive discussions.

Millionday: SO THEY WELCOME THE REQUEST FOR IMF EMERGENCY ASSISTANCE -- HOWEVER HAVE ASKED FOR A FORMAL STATEMENT OF HOW IT WILL BE USED --

Millionday: NOTE -- DOES NOT SOUND LIKE THEY SEE NO PROGRESS TO ME --

billionaire: Seems to me they would use the money to bring their citizens back home.

Millionday: THEY HAVE RELEASED MANY STATEMENTS OF THAT ASSISTANCE AND I AM PLEASED TO ANNOUNCE WE REPORTED 1000 THAT HAD RETURNED IN ONE DAY THIS PAST WEEK -- AMEN

Millionday: LET ME SAY THIS HOWEVER

Millionday: THIS IS A MUCH LARGER ISSUE THAN MOST KNOW -- ECONOMICALLY

Millionday: THERE ARE SO MANY DISPLACED IN KURDISTAN THAT IT HAS PUT A HUGE IMPACT ON THE ECONOMY -- HOWEVER THEY ARE BUILDING HUGE HUGE HOUSING FACILITIES --

Millionday: THE LAST MEETING HAS RESOLVED SOME OF THE IMPACT AND THEY HAVE MADE PLANS TO RESOLVE IN MANY WAYS AND HAVE MADE AGREEMENTS WITH MANY AGREEMENTS

bashley4: You were going to show me the ink on the in country rv. The 50,000 and 100,000 dinar introduction can only mean a LOP.

Millionday: Baghdad, described the economic and investment commission in Parliament, on Wednesday, some government figures, which manages economic institutions as "inefficient", calling on the government to "change those figures for the advancement of the Iraqi economy." said Deputy Chairman of the Committee of Economy and Investment, Harith al-Harthy for "tomorrow Press ", that" most of the officials who run the ministries and economic institutions do not have the experience in the management and do not have any scientific competencies,

Millionday: NOTE -- AS I WAS SAYING -- NOT ONLY CBI BUT FINANCIAL OFFICIALS ARE INEFFICIENT--INCOMPETENCIES

Millionday: "adding that" the country is facing economic crises did not have radical solutions by the competent institutions. " He called on Prime Minister Haider al-Abadi to "a mechanism to change radically in government institutions, which includes people incompetent in the economic file management mode", noting that "many officials in the federal government were to change their positions from one place to another, but the problem is not addressed in a real and remained economy late." He explained that "The economic sector has become just conferences did not get 1% of the support," pointing out that "Iraq needs economic policy clearly defined to improve the situation of the country's economy fully."

Millionday: SO -- THE REQUEST IS TO THROW THEM ALL OUT AND GET SOME IN THERE WITH SOME ECONOMIC DRIVE --
Millionday: BUT THEY DONT SEEM TO BE AS MOTIVATED AS THEY SHOULD BE
Millionday: HOLD THE PAY CHECK -- YOU FIND MOTIVATION

Millionday: REALLY LOVE THAT REPORT
Millionday: OH AND WHOOPOW

Millionday: THIS IS ABOUT THE 50,000 NOTES
Millionday: AKnews reports that the Iraqi Central Bank (ICB) has confirmed it will issue a new bill with a value of 50,000 IQD ($43) but marked as 50 dinars.
Deputy chairman of the ICB Dr Muzher Saleh said the bank is working to issue this new money in addition to coins in both Arabic and Kurdish in an effort to address the liquidity problem in Iraq.
Millionday: NOTE -- BUT MARKED AS 50 DINAR ---- IN COUNTRY -- NO OTHER COUNTRY USES IRAQI DINARS
Millionday: The largest currency in the country is now 25,000 Iraqi dinars (pictured) and its purchasing power is about $23.
The new currency will include symbols that reflect the diversity of Iraq’s sects and cultures including the Kurdish culture. “Iraq needs to support its economy and its currency through the issuance of a currency similar to foreign ones like the $100 bill,” Saleh added.

Millionday: The main tasks of the ICB are to maintain price stability, implement monetary policy, manage reserves of foreign currency, issue and manage the currency and regulate the banking sector.
CanTWaitwoRV Millionday: that takes us back to a 1 to 1 conversation all over again "give or take" does it not?
CanTWaitwoRV Millionday: 50 dinar 43 usd
Millionday: IT COULD BE TALKED ABOUT ALL DAY --

Millionday: CANT -- WE DONT KNOW THE RATE BUT THAT IS INTERESTING SMILE

bashley4: thanks So you are saying that the deletion of the will come of the nominal value and not the currency

Millionday: BSHLEY -- I AM SAYING THE COUNTRY OF IRAQ IS ALSO REDENOMINATING AS WELL ACCORDING TO REPORTS

Millionday: INTERNATIONAL EQUATION DETERMINES THEIR VALUE AND ALL VALUES

ALREADY BLESSED & MILLIONDAY TIDBITS, 27 JUNE

6-27-15 ALREADY BLESSED: OUR INFORMATION IS THAT GREECE IS DEFINITELY AFFECTING THE RV BEING RELEASED TO THE PUBLIC AS IT WOULD BE A FIASCO IF GREECE DEFAULTS AT THE SAME TIME. I DON'T KNOW THE PLAN FOR RV IF GREECE DEFAULTS. 

6-27-15 
Millionday: "Baghdad confirmed the Legal Committee in the House of Representatives ratified frankincense, Thursday that the next legislative term will vote on important legislation, noting that it is possible to vote on some of them in the first sessions of the legislative term."

SO AS WE SEE HERE ALL LAWS OF IMPORTANCE WILL BE DEALT WITH THE FIRST OF THE SESSION --- HCL IS THERE ALREADY ACCORDING TO REPORTS. [Any idea when the next session starts?] IT IS THE 1ST OF JULY. FOR THOSE OF YOU THAT WERE AROUND WHEN THE PLAN HIT THE CBI SIGHT-- YOU KNOW WHY THIS IS AN EXCITING TIME... IT WAS WRITTEN BY SHABIBI AND UPDATED AS IT WAS COMPLETED.

DINAR GURUS UPDATE, 27 JUNE

6-27-2015   Intel Guru Mnt Goat   There is...disinformation being spread concerning that the saving of the Greece economy and Iranian deals are holding up the RV.  Really?  I can assure you these other events are all mostly unrelated and not the reason for any hold up in revaluing the Iraqi dinar. No – the USA is not now holding it up again!  Ramadan is now in progress...Ramadan continues to July 17th in Iraq and it will have little impact as to whether the RV happens or not.  We still see parliament meeting and in fact they just announced this past week they intent to schedule a session on this coming Wednesday and vote on a “package” of 150 laws...they must implement them together since one can not work without the others.  Another connection is the Justice reforms and how they fully intend to prosecute these corrupt leaders from the past Maliki administration...  [post 1 of 2....stay tuned]

6-27-2015  Newshound Guru Millionday
   "Baghdad confirmed the Legal Committee in the House of Representatives ratified frankincense, Thursday, that the next legislative term will vote on important legislation, noting that it is possible to vote on some of them in the first sessions of the legislative term."  SO AS WE SEE HERE ALL LAWS OF IMPORTANCE WILL BE DEALT WITH THE FIRST OF THE SESSION --- HCL IS THERE ALREADY ACCORDING TO REPORTS.  [Any idea when the next session starts?]   IT IS THE 1ST OF JULY.  FOR THOSE OF YOU THAT WERE AROUND WHEN THE PLAN HIT THE CBI SIGHT-- YOU KNOW WHY THIS IS AN EXCITING TIME... IT WAS WRITTEN BY SHABIBI AND UPDATED AS IT WAS COMPLETED...

6-27-2015   Newshound Guru Aggiedad77   
 I believe in more ways than one DrS [Shabibi] is crowing big time, himself and through his protege Dr. Saleh...together they understand the MR...they understand how the CBI truly must be able to function in order to maintain economic stability and the lowest of inflation rates.  Their guidance will keep Iraq on the straight and narrow through all the political fog that is blowing their way at this time.  The noise from the Finance Committee continues to be just that, noise...put your ear plugs in....they don't seem to want to give up easily...What they have going against them...and what Iraq has going for it...is the knowledge that Dr.S understands what remains to be done to complete the process that he started years ago...it's coming...the BEST is yet to come.

6-27-2015   Newshound Guru sczin11
    LARGE DENOMS IN 2017? NO WAY...THERE WAS A RELEASE LATE YESTERDAY, THAT KEYWORDS ANNOUNCED DELETION OF THE ZEROES PROGRAM WOULD BEGIN IN 2017...IN THE LAST 48 HOURS, IT WAS REPORTED THE NEW 100 AND 200K NOTES WOULD BE RELEASED IN 2017...DURING THE SAME TIMEFRAME, IT WAS REPORTED THE 50k NOTES WOULD BE RELEASED END OF THIS YEAR, OR EARLY 2016...THE ARTICLE STILL STATES "EXPECTED" AND NOT ON CBI WEBSITE...NOT EVEN SURE THEY KNOW WHAT IT MEANS..I SURE DONT...WHY DELETE THE ZEROES AT THE SAME TIME AS ISSUING NEW LARGE THREE ZERO NOTES?  IN MARCH GREEN LIGHT GIVEN FOR PROJECT TO BEGIN...

6-27-2015   Newshound/Intel Guru BGG
   [QUESTION IS WHEN ARE THEY ROLLING IN THESE 50'S?]   IMHO... the original version explicitly said "category of 50,000" - NOT a 50k note per se...which means (loosely) - a category WORTH what a 50k note would be worth...IMHO...further - it is very interesting the auctions are a high as they are right now...they have stabilized the exchange (to some extent) and are getting big notes off the street using USD (translates to VERY CHEAP)...right now - if this goes on much longer - they will be in an ideal position to execute some kind of move - (all IMHO).

6-27-2015   Newshound Guru Millionday  "General Company for Trade Iraqi business services at the Ministry of Commerce for the opening near the first Baghdad Shopping Festival and on the land of the Baghdad International Fair... runs from 12 up to 18 of the next month of July will participate by 1,200 companies from different countries including Turkey, Syria, Egypt, Iran, India, Pakistan, Lebanon, United Arab Emirates, Jordan and Kuwait."   WILL CREATE A COMPETITIVE ATMOSPHERE AGAIN --- WHHHOOOPOW.  NOW LETS SEE IF WE CAN EVEN BEGIN TO SEE THE PROGRESS THAT IRAQ HAS MADE.  I AM VERY EXCITED TO SEE THIS AND ALL THAT IS GOING ON.  [how can they have a shopping festival and spend money?]  I WOULD LIKE TO KNOW TOO...LOOK AT THE COUNTRIES COMING.   [how in the world can Iraq host this event with all the countries listed with out an internationally tradable currency. ...do you think they all will be satisfied to complete with 1166 rate?]   WE SHALL SEE.

MY LADIES CHAT UPDATE : HERE IS THE BEGINNING OF THE END, 27 JUNE

MK: Greece Invokes Nuclear Option: Tsipras Calls For Referendum

http://www.zerohedge.com/news/2015-06-26/tsipras-rejects-ultimatums-says-wont-be-blackmailed

AW:  Maybe they are all going to flee to Argentina the same as the Germans did after WWII.................lol

MY LADIES:  THAT WAS A LEGIT QUESTION....CAN ANYONE ANSWER?

AW:
  Seriously,.............they are trying to pass the buck/decision onto the public. The PM doesn't want to make the difficult decision...............have the public decide.

MY LADIES:  I'M TALKING TO NOVA NOW... WE ARE TOSSING THIS AROUND RIGHT NOW...GOOD ANSWER ALAN...BUT WHAT ELSE

MY LADIES:  THEY ARE GOING TO HAVE A REFERANDUM ON THE 5TH OF JULY RIGHT???

AW: Are you kidding me???????????? to call for a referendum on July 5 so that Greek citizens can decide whether to accept or reject the terms of a bailout deal proposed by the country’s creditors.

MY LADIES:  SO BASICALLY HE JUST ANNOUNCED THEY ARE DEFAULTING ON THE 30TH RIGHT???

HE BASICALLY SAID WE ARE NOT DOING ANYTHING UNTIL AFTER JULY 5TH RIGHT???

JP:
  I was in Greece right before they went on the Euro and the people everywhere were complaining about it way back when so do you really think that the populous wants to stay with the EU?

AW: Due on Tuesday

MY LADIES:  IN THE STREETS RIGHT NOW THERE ARE LINES AND LINES OF PEOPLE AT ATM'S..IT IS 330 IN THE MORNING THERE

AW:  Voting with their ATM cards.....................LOL

JP:  and if they take out all those euros, they'll be worthless should they decide to leave the EU

MY LADIES: THEY ANNOUNCED THIS REFERENDUM RIGHT AFTER THE MARKETS CLOSED FRIDAY.

NO JP…THEY ARE PULLING MONEY OUT...LOL.. NOT IF THEY EXCHANGE THEM INTO GREEN BACK

JP:   if they'll be able to

MY LADIES:
  YES THEY WILL BE ABLE TO…..SO LOOK THIS IS WHAT WE HAVE BEEN WAITING FOR

AW:  Lookout come Monday.....WOW!!!

AW:  Watch.........Germany returns to the Mark

JP:
   and why go to Argentina ... isn't that next to fail?   or am I thinking of another country

MY LADIES:
  ALL WE CAN DO IS FASTEN OUR SEATBELTS AND WATCH...BUT THIS IS THE BEGINNING OF THE SHIFT WE HAVE BEEN WAITING FOR.

AW:  I was just kidding about the Greek PM wanting to get out of town.......

MY LADIES:
   ARGENTINA?????? ARGENTINA IS ON LIFE SUPPORT… WHO'S NEXT?? PORTUGAL?? SPAIN???

MY LADIES:  GREECE WILL COME TO THE NEW SETTLEMENT SYSTEM, THEY WILL USE THEIR OWN CURRENCY, AND THEY WILL CREATE A BANK THAT IS PLUGGED INTO BRICS

BRO:  THEY, GREECE, HAS CHINA AND RUSSIA IN THEIR HIP POCKET....I HAVE BEEN TOLD

JPL  it seems as if "they're" going to let them fall to bring them back up… then they'll have to dig into their pockets and exchange the dinar to settle their account

MY LADIES:
  IT'S NOT ABOUT THE MONEY, IT'S ABOUT THE TERMS AND THE LEGALITY OF THE DEBT FROM THE BEGINNING

LISA:
  "This is the shift we've all been waiting for......" That has a nice ring to it, ML!  But, my heart goes out to the citizens of Greece.  I can only imagine what these people they're feeling as they stand in the ATM line in the middle of the night.

MY LADIES:
  IN THE END THE PEOPLE OF GREECE WILL BE BETTER OFF, AND THIS IMAGE WILL REPEAT ALL ACROSS THE EURO ZONE

Lisa:  Yes, they have to pass through the eye of the needle to get to the other side!

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

MY LADIES:  HEY NOVA ARE YOU AROUND???*

[7:54 AM] Princess DD: <<< 57 countries to sign China-led Bank charter on Monday

LOOK WHAT THEY HAVE TO DO HERE... SO IT APPEARS IRAQ IS AHEAD OF THE CURVE...

Representatives of the countries will meet in Beijing on Monday to sign an agreement of the bank, the Chinese Foreign Ministry said on Thursday. All the five BRICS countries are also joining the new infrastructure investment bank.

The AIIB is also the first major multilateral development bank in a generation that provides an avenue for China to strengthen its presence in the world’s fastest-growing region.

MY LADIES: SO LOOK WHAT THEY'RE SAYING HERE... VERY VERY GOOD TO SEE OUR THOUGHTS IN WRITING.

China, with $4 trillion in foreign exchange reserves, is pushing for the growth of its own multilateral bodies, including the AIIB, the BRICS Bank and a bank for the Shanghai Cooperation Organization, but also seeking to strengthen its voice at the World Bank and the International Monetary Fund.

MY LADIES:
  NOVA LOOK HERE, I THINK WE MAY HAVE UNDERESTIMATED WHERE THE COUNTRIES STAND. I THINK CHINA CAN RATIFY THE BANK IN TIME FOR THE 7TH.

Chinese Parliament initiates process to ratify BRICS Bank

The Chinese Parliament will ratify the Bank in the next step, said Chinese Vice Finance Minister Shi Yaobin in Beijing on Wednesday.

India, Brazil, South Africa and Russia have already ratified the Bank.

The BRICS New Development Bank will be launched at the first session of its Board of Governors in Moscow on 7 July, Russian officials have confirmed.

MY LADIES:  READ THIS PARAGRAPH TWICE SLOW....SOUND FAMILIAR???

BRICS leaders also announced the establishment of the BRICS Contingent Reserve Arrangement, a 100-billion-dollar fund from which the BRICS member countries will be allowed to draw funds when going through a crisis.

Brazil’s envoy to the IMF and newly announced BRICS Bank Vice President , Paulo Nogueirga Batista, said at the BRICS Business forum last week in Russia that the BRICS are “not fully satisfied with the international financial architecture, not fully satisfied with the role that our countries are allowed to have at the IMF and the World Bank”.

“Our countries are very active in IMF….We work together at the IMF… Despite this active involvement in the Washington institutions, our countries have begun to realize that we need to do our own thing,” said Batista.

MY LADIES:  NOVA I THINK THIS PROCESS IS FURTHER ALONG THAN WE ARE SEEING.

HERE READ THE WHOLE ARTICLE, I ONLY PUT HIGH LIGHTS

http://thebricspost.com/chinese-parliament-initiates-process-to-ratify-brics-bank/#.VY6yfUbHlbg

MY LADIES: 
 THEY NEED TO DO THEIR OWN THING...

PrincessDD:  Does that mean earlier in July rather than later?

MY LADIES:
  NO NO NO NO...NOT TALKING ABOUT THE DINAR AT ALL

PrincessDD;  oh just the banking system being switched on?

Mboweni heads for Brics bank

http://www.timeslive.co.za/politics/2015/06/27/Mboweni-heads-for-Brics-ban

MY LADIES:
  RIGHT...AND THE FORMATION OF IT, WE ARE SEEING A BIT MORE OF IT EVERY DAY.

Sager:
  If everything is moving faster than estimated, the it's safe to assume that Iraq may also start trading internationally faster too.  But regardless, things are on track! :)

MY LADIES: NO NO NO NO NO ASSUMPTIONS…. I'M TALKING ABOUT THE BANKING SYSTEM

PrincessDD:
  Banking system must be in place first then Mary?

MY LADIES:
   YES BANKING SYSTEM FIRST

YOU MAKE SURE YOU HAVE A LIFE RAFT IN THE WATER BEFORE YOU SHOOT A HOLE ON THE BOAT RIGHT???

SO NEW SYSTEM  IN PLACE,,, AND IT MOSTLY IS ALREADY, FOLLOWED BY THE BREAKING OF THE OLD


I AM STILL THINKING JULY...BUT WHAT I'M SAYING IS THE CHAT TODAY IS ABOUT THE BANKING SYSTEM BEING  FURTHER ALONG THAN NOVA AND I THOUGHT

NOT THE EXCELERATION OF THE DINAR TRADING.

THAT I'M SURE WILL BE STILL BE IIN JULY SOMETIME.

IQD NOVA:  AGREED ML!!! EVERYONE NEEDS TO HOLD ON TIGHT ITS GOING TO MOVE FAST.

MY LADIES:
  NOVA IT SEEMS LIKE NOT JUST RUSSIA BUT ALL THE OTHERS ARE ALREADY RATIFIED

CHINA WILL DO THEIRS THIS WEEK

SO THE 7TH WILL BE MORE THAN JUST RUSSIA

**********

MY LADIES:
   SO LOOK NOVA WHAT DID WE TALK ABOUT LAST NIGHT WITH REGARDS TO MONDAY

"We heard some rumours that the banks will not be giving any money from Monday," one man told the BBC's Anna Holligan

One bank has imposed withdrawal limits of €3,000 per account, and many ATMs have handwritten "empty" signs on them.

I visited half a dozen bank branches in the city centre, where the demand for withdrawals was so strong that customers were given a ticket number, and told to come back in a few hours.

One man told me he was 170th in line. "The game is over," Peter, one of those queuing, told me. "Greece is going into uncharted waters, and the banks will be closed on Monday , I suspect."

IQD NOVA:
  NOT SINCE 1929..........

MY LADIES:
  THIS IS A REALITY NOW...I WILL TOUCH BASE TODAY WITH JP GUY AND SEE IF THERE IS ANY MORE NEWS ON EURO..

BUT MAYBE WE WILL SEE IT HERE THE MONDAY AFTER THE HOLIDAY IF IT EVEN GOES THAT LONG

WHAT DO YOU THINK??

IQD NOVA: 
 TO HARD TO TRY AND PREDICTED FOR ME.  THAT'S WHY I SAY JUST HOLD ON AND RIDE IT OUT!!!!

MY LADIES:  AND LOOK AT THE GRUMBLING IN THE EUROZONE NOW

BBC economics editor Robert Peston said that if the European Central Bank continued its emergency support, some members of its governing council feared it would be breaking all central banking rules .

MY LADIES:  BREAKING CENTRAL BANK RULES WILL ONLY BE TOLERATED IN THE SHORT TERM...

I THINK THIS IS THE BREAK IN THE SYSTEM WE WERE LOOKING FOR.

MY LADIES:  WELL THE LIFE BOAT IS BEING LOWERED IN TO THE WATER..VERY SOON IT WILL BE SAFE TO SHOOT HOLES IN THE BOTTOM OF THE BOAT!!

BUCKLE UP THIS WILL SPREAD FAST FAST..

SSS: Mary, with all that's going on, do you think it's probable that Iran will be released from sanctions in July? What might it mean to us if they are not released at this time?

MY LADIES: 
 THEY WILL BE RELEASED, THERE IS TOO MUCH MONEY ON THE TABLE, THEY MAY STILL HAVE SOME SANCTIONS, HUMANAITARIAN AND SUCH BUT THEY WILL GET THEIR CURRENCY BACK.
MY LADIES:  WELL GERMANY MAY HAVE ENOUGH NOW!!

Germany says surprise Greek referendum plan shuts door on negotiations

Germany has all but buried negotiations to keep Greece from default, saying a surprise decision by Greek Prime Minister Alexis Tsipras to call a referendum had left  nothing to discuss but how to cope with failure .

http://www.rte.ie/news/2015/0627/710991-greece-economy

IQD NOVA:  READ IT!!  Greek bailout program will expire on Tuesday as talks fall apart   http://www.cnbc.com/id/102791542

PrincessDD:
  So expiration on Tuesday! Hmmm.  What a coincidence

PrincessDD:  An Euro Exchange Rate Game-Changer as Greece Goes to the Polls                                                                                                                                           
“In sum, a very significant period of uncertainty has now been initiated. The question of Greece's Eurozone membership has been officially opened.”

Those watching the currency markets with euro-related payments are about to enter a period of extreme volatility as the Greek crisis finally reaches a critical point.

The market has largely priced into current euro levels the prospect of a deal being reached but developments took a dramatic turn after markets closed on Friday.

Speaking a little after midnight on national television, the Greek Prime Minister announced that a referendum is going to take place in Greece on Sunday 5th of July.

The vote is widely seen to be a referendum on Greece’s membership of the euro.

euro exchange rate crunch Tsipras“In sum, a very significant period of uncertainty has now been initiated. The question of Greece's Eurozone membership has been officially opened,” says George Saravelos at Deutsche Bank.

From a currency perspective we believe this will ignite significant volatility into the euro exchange rate complex as markets hate uncertainty.

https://www.poundsterlinglive.com/eur/2185-euro-exchange-rates-and-greek-referendum-443244

PrincessDD:
  Greeks Line Up at Banks and Drain ATMs as Tsipras Calls Vote

http://www.bloomberg.com/news/articles/2015-06-27/greeks-line-up-at-banks-and-drain-atms-after-tsipras-calls-vote

SSS:
 Greece must've seen the Go Daddy commercial on TV where that lady goes around telling everyone she knows to "STICK IT"  :D

MOTHER POST FROM TNT :Sterling/Reserves/Structuring/ and other topics, 27 JUNE

    • Mother said
      08:41 AM Jun 27, 2015
    Hey Dinar Family,

    I have not written in sometime.  However, there are a few topics I think merit some discussion.  Certainly not to beat an already dead horse – “Sterling”.   Additional insights into why and lessons the community here can learn from the Sterling episode.   Secondly, this whole “reserve concept” needs to be addressed before any more folks get hurt.  Lastly, the Vegas, Vegas, Vegas crowd.

    I have been reluctant to address any of the above out of fear of sounding “negative” or a “party pooper” or “dashing folks hopes”.   However, it is time to put some of these to rest and for some in the community to start planning based upon the “facts” not unrealistic expectations.

    Sterling

    I am addressing this first as the whole episode actually touches each one of the concepts in some way.  

    Hearsay:  I want to address this first.  There are some other attorneys in our forum here and I invite comments from them as well.  I read the “forfeiture “ complaint filed in the Federal Court in Atlanta.   It was full of hearsay and the community here needs to understand what hearsay is.   Often if you watch enough legal TV shows you will hear an actor acting like a lawyer jump to his/her feet and say, “Objection – hearsay”.   It is a good objection to make in court and a lot of attorneys who are not trial attorneys are not good at spotting it.   Hearsay is testimony offered to prove the truth of a matter asserted.  It is not allowed in our legal system – except before a grand jury.   During Grand Jury proceedings you can offer anything there is no advocacy during presentations before a Grand Jury.   It has often been said a prosecutor could indict a “ham sandwich” before a grand jury.  And most folks who sit on grand juries have a very poor understanding of their function or the power of members on a grand jury.  A grand jury in the United States is so powerful that members can ask the State’s Attorney or assistant US attorney to remove him/herself from the room so they alone can ask questions of a potential witnesses.  However again most grand jury members fail to exercise this right.   All that is an aside though from what I want to convey.  

    Several folks have pointed out that the Federal Bureau of Investigation (“FBI”) has asserted the Dinar thing is a scam.  Please note it is not the FBI that made that statement but they are attributing that to the “hearsay” of a potential witnesses and or criminal defendant.  If I was to call the FBI person to the stand and ask them “Agent such and such, what proof do you have that the Dinar scheme is a fraud”   The agent could not answer that question – if the agent said “The defendant or the witnesses said, XYZ” the opposing counsel would rise to their feet and object that the statement calls for hearsay and unless the prosecuting attorney was quick the judge would say, “sustained” meaning the question would be dis-allowed.  However lets say the prosecuting attorney is a sharp attorney, then the prosecuting attorney could say, “Your honor we are not offering the statement to prove the “Truth” of the matter asserted, only to prove the statement was made. Do you understand the difference?  In the first instance the statement is being offered as evidence which it  is clearly not and the second instance the statement is being offered only to show that the statement was made.   Here the judge would have to weigh the prejudicial effect of allowing the statement.  And from an attorney’s perspective I would be inclined to disallow the statement because of its prejudicial effect regardless of why it is being offered.   Secondly, there is no way to prove one way or the other.   

    So Dinar community I know it is a hard concept to understand but whatever the FBI has alleged  it is purely an allegation that is unsupportive and does not prove one way or the other whether the Dinar/Dong venture is valid or not.   As a matter of fact if I was a Prosecuting Attorney I would be hesitant to even go there as there is no way to prove one way or the other, especially in light of the fact my case’s strongest evidence is not whether the Dinar/Dong venture is true or not it is strongest because of overwhelming evidence of what I refer to as “Shilling, Smurfing and fraudulent structuring”  A good defense attorney for the defendants needs to be looking at these things. 

    Shilling – this word has many definitions.   The noun definition of shilling is an old monetary coin from the UK.   However the verb definition means one who acts as a promoter of a concept or investment.   Example: “He was shilling for a brokerage house”   You see the context?   In this case, “Terry K, was shilling for and on the behalf of “Sterling” and was doing so for monetary gain.  He made no disclosures to his group or on his broadcasts that he was promoting for Sterling which I believe puts him in violation of some security laws.   Also if he did not report the income then he is violation of not reporting remuneration for his promotion.   

    Smurfing – this is tantamount to structuring.  It is a term often used when prosecutors go after drug dealers.   Go back and look at the forfeiture document.   This is what I was eluding to above about something the Dinar Community can and should learn from.  It was clear on its face there was “structuring” going on.   Look at the sheer number of “entities” created.   I was shocked at how abusive it was.   I then went to some sites about large US corporations billion dollar corporations. General Electric, Microsoft, Home Depot – these companies are huge and yet none of them has anywhere close to the number of entities created by whomever at Sterling was engaged to “smurf” money.   The old term was applied to drug dealers who would break large amounts of cash into small amounts under 10,000 to deposit into financial institutions.   Which then amounts to “money laundering”   That was the purpose of so many structures.   This is the lesson for the Dinar Community.  How many times have I jumped on my soap box and pleaded softly do not go out and set up a bunch of entities at this stage.  The reason is you have no idea at this point what you need.  It is pure speculation.   Secondly, if you are not careful even though I seriously doubt anyone here would be so abusive as the owners of Sterling,  but setting up corporations, trusts and LLCs for anything other than “asset protection” and “estate planning purposes and or “Risk management” could be deemed as “Structuring”   Do not get me wrong – I believe in financial planning for the purposes of risk management, asset protection and estate planning.  However if your purpose is to elude  or possibly evade and minimize tax liability and you ever say that to an IRS agent there will be an investigation as to possible tax fraud.   Historically the word “structuring” was okay to use. However today – “structuring” carries in the mind of an IRS agent the same meaning as tax avoidance and evasion etc. it has become a code word which brings up potential devious motives.   I know there is nothing wrong with avoidance however the definition in the mind of a government agent means sinister.  “Be as wise as a serpent and as harmless as a dove”

    And again I ask you – how many of you right now today know exactly what you need?  How many of you were counting on reserves?   And calculating those expected proceeds in your planning?  Again not to sound like a broken record but I have tried ever so softly pleading ---- not to get the “cart before the horse”  Not even I know exactly what I need or will need, because I have no idea what the exchange rate will be for either the international or market rate or what I might could get on a potential contract rate.  It is all speculation.  And I deal in facts not innuendo and neither should you.  So take a deep breath, relax breath slowly.   The plan you should have in place right now.  

    1. What banks do I want to go to?  And do not ask me I have no idea where you live nor do I have the time to speculate.   I would look at the large banks first and then the smaller ones.  
    2.What are you going to ask for during your initial meeting?  How are you going to handle yourself, dress, act?

    This is where some semblance of planning should come in:

    1. How are you going to ask the financial planner or Wealth manager at your second meeting to handle the monies until you can get a grip on what you have?
    2.How are you going to divide the money up. Tony and DC both have shared ad nauseam over and over what you should do.  We have no idea of the tax consequences but you should at this point set aside a portion just for what it might be.   And if you are savvy you need to decide how that idle money should be treated while it sits there.   I have eluded to things that are safe “Treasuries which by the way are like bonds only issued by the government”  “Triple A municipal bond funds” “money market funds”  Safe solid investments that allow you to earn some interest while the funds are idle.  This all goes with being a “A good steward”  In the case of municipal bonds the interest is tax free.   Again though this is between you and your adviser.
    3.Then you need to take time and think about your risk tolerance, needs in your life and how you want your life to be going forward this is where your “planner” not you will make suggestions that help achieve those goals and expectations.   You cannot make unbiased decisions for yourself. Even an attorney like me would be foolish to try and go on my own thoughts – the reason is any attorney who represents himself has a “fool for a client”   I am going to sit down with someone who will listen and work with me to come up with a solid plan.
    4.My plan will be based upon risk management, asset protection and future estate planning for my kids.   

    And I am not going to rush this and neither should you.   And I am not going to have a bunch of entities created that give the appearance of “structuring”  Anything that is confected will have a solid purpose and coordinated with a well thought out and conceived plan to carry out my personal objectives  and will be actively doing something there will be no façade.  And each one of you who has significant wealth should do the same.

    Back to Sterling

    The other thing Sterling was doing – I remember receiving promotional emails about an “Angel Fund”  Do you know what that is?  Those are funds set up for investors to put money into and then those monies are invested into small businesses with the expectation that in the future the investor will realize perhaps another “Apple” or “Microsoft”  However when I read through that list of companies – I noticed that there was a direct connection between an Angel fund and entities or businesses set up by Sterling owners themselves in which money was funneling into.  This was a total sham.   I assure you this is where the State’s Attorney or Attorney General’s office is focusing along with the structuring.   

    Reserves:

    I know this is going to be a sore subject but let me just say right out of the box.  I have never believed in Reserves of “money”.   As a matter of fact I could never in my mind reconcile fulling knowing and understanding what “money” is and how it is utilized how anyone in the world could make the representations that Sterling or any of the other money dealers are doing or have done in regards to this entire concept.   

    Tony on Friday alluded to this:  First of all he is right if this goes down soon or even in the next 6 months God forbid then any hypothetical reserves you think you have will not be forthcoming.   Simply stated the currency is not there.  This is where the Ponzi concept is being alleged even though it is tenuous this is where the government is reaching or the direction they are headed in regards to Sterling.  Also as far as getting your money back – you can make a claim but the FBI is going to ask you to provide them a whole lot of information.   They are going to want you to prove.

    1. Lineage on the money meaning where did it come from, what institution was it in before you sent it to Sterling, how did you get the money.  Have you paid taxes on the investment.   How many of you are wiling to open your lives up to such inquisitions?

    They are going to want to know how you found out about this, have you shared this with anyone else – idea here is to see if you are perhaps a co-conspirator even though you would have innocently done this the purpose here is to allege perhaps you are hands are not clean.  So you see what the deal is here?   It is a stretch for anyone to think they are going to receive anything back.  If you make a claim you may see some of your good ole US Dollars come back but a lot of that is going to go to the “Receiver” who is a private attorney who is under contract with the US Attorney’s office who will milk fees out of this until there is hardly any monies at all.  A final settlement years down the road.  

    I do not offer that to be discouraging only to state the reality.

    Secondly, I am advising not as your attorney but as a friend.  Apply common sense and do not go out and purchase more reserves from another dealer.   You are rolling the dice.  If you want more currency then go out and purchase it outright.   You need to weigh the risks and I would not use “lunch” money to do make the purchases.   If you do not have excess money meaning extra money then this is not for you, be content with what you have now in your possession.  This whole reserve concept is truly based upon the “double-dipping” theory.   Using proceeds of an exchange to take out theoretical money that I can tell you does not exist at a value that predates the new exchange rate.   Logically it cannot happen.   Money is a medium of exchange.  Therefore what you do not own and posses only carries the value you have exchanged for at a date and time in the past.  If you have not exchanged for it yet the value has yet to be determined.  In the future the money will be more valuable and you do not posses it now so how can a dealer really sell you money at a price below the exchange rate?  I am going to say from a logical standpoint and from a legal standpoint they cannot do it.   Again Tony eluded to this when he said there could be something the “fine print” and he is exactly right.

    Enough said you need to purchase your currency and take possession.  Any other method is risking the same thing that happened to Sterling.  I am not going to take any questions on this nor answer any emails.   I think it is plain on it’s face.   

    Vegas, Vegas, Vegas

    I know a lot in the Dinar community in particular those who are loyal to TNT desire this. And I can understand the affection everyone has for the commitment and sacrifices made by so many that simply want to shake Tony/DC or others hands and thank them.   However, someone wrote in that this is not a good idea. I am going to go further – I think it will be a violation of any NDA “Non-Disclosure Agreement” Tony and DC sign.  I think it will also be a part of any NDA any other person in the Dinar community signs.  The government does not want a bunch of novices gathering to celebrate openly an event that is supposed to be quiet.  And I can tell you that it is not a stretch to believe that such an event would not also be attended by certain “ABC groups” for the sheer purpose of checking hotel registrations etc.   Why risk violations of your agreement and or put a bulls-eye on your back?

    Someone also made the statement – who wants to be around folks who could get liquored up and start spouting at the mouth.  Remember the old say? “Loose lips sink ships”   That person who shared that in a comment is precisely correct.   When people get smashed is that still a term today? They tend to say things they would not say when they are of sound mind.   I am not going because I do not want to be collateral damage.    

    Is this not to say Vegas is a bad idea. However I am of the legal opinion the risks far outweigh the advantages.  Moreover, I think everyone is going to have plenty to think about and be doing without scheduling a trip to Vegas.   Nevada is a great jurisdiction for utilizing in planning i.e. “Risk management, asset protection etc. and I suppose if you are a gambler which I am not”   Again though your planner will advise you on a course of action that is personal to you and your family.  

    I am appreciative of everything Tony and DC “Winston” have shared.  I appreciate their candor, honesty and sensitivity to the community. And I respect DC for putting his family first. And everyone who postulates why he is no longer engaged on 3 hour conference calls 3 days a week. Give it a rest already. The guy has financial obligations and responsibilities to his family.   I cannot listen I am at work because likewise I have responsibilities – I am grateful to the transcribers for providing the notes so I can read over when I have a chance.  So do not begrudge DC for not being on the calls.  It is really selfish of anyone to even think otherwise.  

    Lastly, I am going to touch some nerves here.  If you are on any form of government assistance with the exception of social security.  Yes you need to be cognizant of losing your benefits should you suddenly come into a lot of money.   Prime example a year ago some girl up in Michigan or Minnesota was the winner of a lottery.  And she was also on disability and when others found out she was scrutinized and lost her government subsidized income because she failed to disclose she was a lottery winner.   Why would you if you have been blessed want to continue to accept money from the government that comes from the taxpayers to add to your vast wealth?   That seems unconscionable to me.   Why?   However in the abundance of caution you need to consult a local attorney/CPA and ask him or her. I will not elaborate any further nor will I answer emails about this.  You know your circumstances and it is a matter you need to personally think about do some soul searching on and get advice close to home.   Again do not write me about this – just beware if you are currently accepting any other form than social security you need to be conscious that you may not necessarily that you will possibly  jeopardize further government assistance.

    Again best always to everyone.  I know I have addressed some controversial subjects, however anything I have every shared is merely in an attempt to be helpful.   I try and stay away from politics and I know many of us would have to agree pleasantly to disagree on many subjects but my motives are pure and I have no desire for anyone to get hurt but to look at the lessons of Sterling, follow advice by Tony and others.   Remember  - be as wise as a serpent and as harmless as a dove.   May the Good Lord cause his light to shine upon you each and bless you and your family always with prosperity, good health and may love fill your hearts. I am and always,

    With kindest regards,

    Mother, Esq.