Monday, August 1, 2016


8-1-2016   Newshound Guru Shredd  Article:  "Iraqi Central Bank revealed on Monday, all give him the government banks until next September, to adapt itself to electronic systems and transactions..."  [the deposit law is done and has been Gazetted?]  had to be for this move.   as the credit rating improves, banking laws implemented and ease of transactions, we are seeing big steps being taken these last few years to get Iraq on par with participating in the lending/borrowing investment economic process. Steps forward not steps backwards...and with the deposit law, good stuff!

8-1-2016   Newshound Guru tlm724
   Loving the news outta Iraq!  Article:  "Iraqi Central Bank revealed on Monday, all give him the government banks until next September, to adapt itself to electronic systems and transactions..."  love a time schedule...The central bank gives the government banks until September to adapt itself to the electronic systems.  ...take advantage of 77 percent of the money supply in the possession of citizens outside the banks, get rid of the cash circulation problems...get those dinars in the bank!  only 10 % of the population is using the electronic system right now but not for long!  this is going to bring in trillions of dinars off the streets which is exactly what we want!  stability is ongoing as well, all the things needed to make the transition and delete the zero's!

8-1-2016   Intel Guru Blondie
   Has the trigger for exchange notifications been pulled as of right now? No.  As always, we don't know the date or time. But all indications are that we continue to be inching towards that date and time in very short order - as of this moment. There is no information indicative of an unplanned interruption in the process at this time. I remain highly encouraged and optimistic.

8-1-2016   Newshound Guru firefly   Article:  "Parliamentary Finance is discussing with the new managers of the banks to maintain liquidity"  Quote:  "Parliamentary Finance Committee discussed with the new bank directors, maintaining Iraq's cash flow from waste, as well as discuss the Banking Act."  as well as discuss the Banking Act.  Quote:   "These meetings aim to walk according to the draft reforms as well as for the organization of Iraqi banks and prevent manipulation."  the draft reforms...REFORMS!!!  ...expect some great news this week.  I'm looking for some huge items mid week.  ALWAYS follow the money.  They could talk economic reforms all they want but... What can you do at 1166?

8-1-2016   Newshound Guru Kaperoni
   Article:   "Economy and investment parliamentary host the five Iraqi banks managers"   Quote:  "The committee of economy and investment parliamentary five banks managers in Iraq today hosted to discuss the reality of the banking business..."   Good to see the banks and CBI in the news.  Like we have said many times, there is no market economy until their is a banking system in Iraq.  And these last few days they seem to be more focused on activating it.   The good news is that activating the banking system means a change in monetary policy and currency reform.  So progress is happening ever so slowly...it's coming.

8-1-2016   Newshound Guru tlm724  This will open them up internationally, reduce corruption and eliminate red tape. There won't be much need for the currency traders either.  Also it will stop much of the currency counterfeiting!  This will reduce and eventually eliminate the need for the dollar as the program gets into full swing. This opens the door for the deletion of the 3 zero's!! This is everything "currency reform" the epitome of the plan!  The stars are lining up.   [post 2 of 2]

8-1-2016   Newshound Guru tlm724    We saw Ernst & Young taking control of the state banks and they indicated it will take 125 working days max to do what needs to be done.  Which should be somewhere around November for completion. The timing is no coincidence I am sure.  Back in June the Cabinet approved the launch of electronic applications for the 6 trillion dinar stimulus loans, even the Integrity Commission is electronic now.  So the announcement from the CBI is saying they preparing the infrastructure and facilities for E-dinar, getting everything ready for the end of the year or the beginning of 2017. Tis a beautiful thing!   [post 1 of 2....stay tuned]

8-1-2016   Newshound Guru Bondlady  Article quote:  "...Select the central bank governor on the Keywords, Saturday, 2017 as the date for the launch of the electronic currency through the mail or e-dinar cards..."   This a well thought out plan and it obviously has the IMF written all over it...a well thought out plan to move the country forward with each step analyzed and implemented at the appropriate time!  We have learned how Iraq has been setting up the smart card and getting the facilities ready in many of the provinces with the goal of having it in ALL of the provinces...this will bring in much of the dinar off the streets which we know is necessary to the currency reform plan.

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