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Sunday, June 19, 2016

TNT CHAT, 19 JUNE

TNT
Elmerf123456:  Peshmerga to receive delayed salaries on Sunday, Monday bit.ly/24YLQhl #Iraq #Economy

Elmerf123456:  Peshmerger is the fighting army of kurdistan region… Kurdistan's tough Fighters compared to Gorillas. Very loyal and stay in the fight.

Robert001:  Elmer,, but at what rate?

Elmerf123456:  Robert cage rate in Iraq has nothing to do with what we relieve. Two different issues.

Robert001: So Elmer,, will the funds they receive now be at a new rate for that country or the old rate they have always had???

Elmerf123456:  IMO you must understand not to get a fixated on rates get a fixated on the finish! Also what is of my opinion that the rates we receive her based on oil credits and have nothing to do with the rates in country sitter compare the two is pointless. The countrymen and Iraq want their birthright perpetuity not oil credits

The only rates that matter are what you negotiate at the time of being in front of your banker. All else is mute in my opinion


JCNoble:  Elmer does Peshmerga getting paid means that Iraq has cards to all?

Elmerf123456:  cnobel I don't know. Getting paid is better than not getting paid…. I think we can all agree that if getting paid is getting paid and chickens I don't care how I get my chickens as long as I get my chickens! It's a door opening forward instead of closed

EP53:  Correct Elmer, it means money is flowing.

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Noblelion77: I like this article . it is more the fault of his "financial advisors"
http://www.marketwatch.com/story/daddys-15-million-inheritance-has-bec​ome-a-burden-2016-06-14

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SassyD:  Bottom line....... we will ALL know within a VERY SHORT timeframe when this baby pops..... no matter what or how many sites you read or listen too !!! That is a FACT you can take to the bank !!!   When this GCR is finally finished who will really give a rats who picked the closest date.... who was right, near right or wrong ??? ..... I know I certainly wont !!!

Jiba777:  The mantra of every intel provider - 'I know that you believe you understand what you think I said, but I'm not sure you realize that what you heard is not what I meant.'

SassyD:  Lest We Forget: --- A DAD is someone that is there for his children. A father is something else; a father is more of a biological term than a role or relationship. -- For all the StepDads, boyfriends, non-biological males in a child's life---- It takes a strong man to accept somebody else's children and step up to the plate another man left on the table....

SassyD:  This is what I told my grandson when he complained about my son being hard on him...... “Listen, there is no way any true man is going to let children live around him in his home and not discipline and teach, fight and mold them until they know all he knows. His goal is to make them better than he is. Being their friend is a distant second to this.” - Victor Devlin   He came back later and told me he thought he understood what I was trying to get across to him !!

DINAR GURUS UPDATE, 19 JUNE

6-19-2016   Newshound Guru rcookie    Article:  "Central Bank announces the possession of 50 billion dollars as a "reserve" as well as gold"  Quote:  "...the Central Bank has more than $ 50 billion in reserve as well as gold, indicating that this reserve covers imports more from internationally recognized term..."  ...I WONDER WHY THIS ANNOUNCEMENT FROM CBI TIMING WISE IN RESPECT TO ALL OF THE ACTIONS TOWARD RAISING THE CAPITALIZATION OF BANKS IN THE PAST FEW WEEKS...TO AS HIGH AS 300% IN SOME CASES...BRAGGING ON THEIR RESERVES AND GOLD HOLDINGS STATUS AS BEING WELL ABOVE THE INT'L STANDARD...AND STATING BY JUNE 30TH...THE IMPLEMENTATION OF CAPITALIZATION OF FOREIGN BANKS IN IRAQ TO 25 MILLION DOLLARS...AND THE 2ND PHASE NEXT YEAR RAISING TO 50 MILLION DOLLARS...

6-19-2016   Newshound Guru Chattels
   Quote:   "Prime Minister Haider al - Abadi, said Friday evening, said the coming hours would end the rest of the remaining spots in Fallujah."   The news is very encouraging about Fallujah from several " real " sources.

6-19-2016   Newshound Guru Mountainman
   Miraculously Iran's Ropes will be LOOSED thru the Fires of GLOBAL TRANSITIONS...Right there w/IRAQ...as Planned...And 12/1's GLOBAL AFFAIRS...Will be COMPLETE to (THEIR) Satisfaction...On Schedule, On Time, as "PLANNED"...It's A Beautiful Event to Watch...IMO.

6-19-2016  Newshound Guru Stryker   Article:   "Central Bank announces having
$50 billion as a "reserve" as well as gold
"   Reserves, gold and other assets will cover Iraq from June 30 when they become International recognized according to this article...

LANDA GLOBAL CC ARCHIVE, 19 JUNE

CONFERENCE CALL ARCHIVE

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



STEVEI UPDATE, 19 JUNE

Iraq looking with the European Union to join the WTO
 
VictorD:  I read the article and joining the WTO is great but my take on it is that it's still a ways away as far as time is concerned. They are talking followup meeting in November if I remember right.   Or did I misread?
 
Stevel:    My guess would later this year. It will not be today or tomorrow or next week.
 Just the fact that it is in the works is very positive.  Good point.
 
Iraqi ports apply "new tariff" mid-June current
 
swann1:  Raising the cost of goods on the citizens should go over like a lead ballon - based on their current purchasing power....
 
Stevel:   Yes, unless that changes.


Commander: Iraq to Retake Fallujah from ISIL Within Days

SteveI:    Timeline is ahead of what are team is being told. Huge news and just what our team has been waiting to hear.   Next Mosul.   Awesome news.  This is very exciting news.  GO IRAQ!

Urgent Abadi ::::: change administrations to reform banking

SteveI:     I would like to shed a little more light on this topic.

In the past administration, there were many parliament members who had interests or positions in various banking institutions around Iraq. In order for Abadi to get the theft under control, he had to fire and replace everyone that had a position or stake in any financial institution.

Part of the agreement that was made between Iraq and the IMF was changing the banking guidelines and control the money laundering, etc. This was done by re-shuffling (for the lack of any better terms) the administration and replacing most of them.

We knew this was being done, but now reading about it is huge. This just confirms the goals and ambitions of Iraq desperately wanting to comply with every part of the IMF agreement to obtain the loans.

I do not know if you have noticed, but you are starting to hear more and more about things getting done to get the loans from the IMF. This was part of it.

This is starting to get very exciting folks. It appears that Iraq is on a mission to enter the global world trade and comply with all aspects of the IMF's letter of intent dated December 22, 2015.

Many things have been said about this but not many people are taking how powerful this is and what the ultimate results will be. I am hoping you can guess by now. Please go read the part called Foreign Exchange Policy starting on page 6. Pay close attention to #18, 19 and 20.
Picture
Picture
​I will help break this down.

#18.The government will maintain the peg with the U.S. dollar.

What does pegged really mean?

A fixed exchange rate, sometimes called a pegged exchange rate, is a type of exchange rate regime where a currency's value is fixed against either the value of another single currency, to a basket of other currencies, or to another measure of value, such as gold.

#19. The government will gradually remove remaining exchange restrictions and multiplecurrency practice (MCP) with a view to eliminating exchange rate distortions.

What does (MPC) or (MPS) really mean? https://www.imf.org/external/pubs/ft/sd/index.asp?decision=6790-%2881/43%29

https://www.imf.org/external/pubs/ft/sd/index.asp?decision=649-%2857/33%29

This has to do with complying to Article VIII.

MULTIPLE CURRENCY PRACTICES—POLICY

1. Official action should not cause exchange rate spreads and cross rate quotations to differ unreasonably from those that arise from the normal commercial costs and risks of exchange transactions.

a. (i) Action by a member or its fiscal agencies that of itself gives rise to a spread of more than 2 percent between buying and selling rates for spot exchange transactions between the member’s currency and any other member’s currency would be considered a multiple currency practice and would require the prior approval of the Fund.

    (ii) An exchange spread that arises without official action would not give rise to a multiple currency practice.

    (iii) Deviations between the buying and selling rates for spot transactions and for other transactions would not be considered multiple currency practices if they represent the additional costs and exchange risks for these other transactions.

b. Action by a member or its fiscal agencies which results in midpoint spot exchange rates of other members’ currencies against its own currency in a relationship which differs by more than 1 percent from the midpoint spot exchange rates for these currencies in their principal markets would give rise to a multiple currency practice.

If the differentials of more than 1 percent in these cross rates persist for more than one week, the resulting multiple currency practice would become subject to the approval of the Fund under Article VIII, Section 3.

Here is the link: Here is the IMP Document:   Read page 6/7..#18, 19 20.

http://www.imf.org/External/NP/LOI/2015/IRQ/122215.pdf

Seeing all of this done pleases me to no end. I will add more to this later.   Steve

Iraq says IMF deal "on track" as cabinet approves reform package

SteveI:     This is simply awesome news. It is all coming together very nicely.

"help the country overcome a cash crunch caused by declining oil revenue". We were told that the government was out or running out of money to even make upcoming payroll. I see good great times ahead for all of us including the Iraqi Citizens and the global economy. :)

Have a safe and cool week!   Steve 
Please keep the Orlando Victims in Your Prayers
SteveI:    As ISIS is taking responsibility in Orlando, please keep all of the victims in your daily prayers.

This simply has to stop, however until they eliminate ISIS, sadly to say, you may be reading more articles like this.   God Bless America and what we stand for!   Please let your prayers be with them.  Steve

Iraq says IMF deal "on track" as cabinet approves reform package

BlackCats:  Steve. Nice to see you getting more and more excited. Your enthusiasm is getting contagious. Thanks for that and thanks for the post Bob.

Stevel:   Final curtain call perhaps?   It is getting closer to Arizona gathering time! Steve

Kurds ready for a billion dollar deal with Baghdad