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DINARESGURUS.BLOGSPOT.COM_________________ _______

Saturday, September 10, 2016

TNT UPDATED, 10 SEPT

Fuze:  i don't know who Dr. Clarke is, but that piece he sent in IMHO was one of the best over all intel and perspectives ive read in Dinarland..

CovanantBrige:  yes but wasn't Dr. Clark stating that this won't go until Mosul is liberated? And was it his report that said they weren't going to start fighting until Oct and will be finished by the end of the year? Did I read that wrong? So isn't he going from the last week of Sept to now end of the year?  whereas several other intel experts have told us Mosul is already liberated.

Fuze:  No covenant, hes saying September, he was just referencing what the articles arw saying ans what they want us to believe…… Covenant Clarke really did say in Jan 2016, that September 2016 was the time he was looking for this to pop and although a lot of the media points to 2017, hes still Sept 2016..interesting..

Fuze:  Covenant once we passed April I too started looking at Sept for several reasons, one reasin is that the IMF for whatever reasons have traditionally used those months for big monetary policy changes..




R2d2: Guys I know for a fact this is real. I have people very close to me that have exchanged and signed NDA's. Like DC said some time ago, how does someone that makes 50k a year suddenly afford a 700k house and 100k new car.

SassyD:  Bottom line....... we will ALL know within a VERY SHORT time frame 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 !!!

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Tishwash:  CBI Has Ten-Point Plan to Overhaul Banking Sector (IRAN)

The action plan of the Central Bank of Iran regarding the implementation of the Banking Overhaul Plan is premised on 10 key factors, said the vice-governor of the bank.
 
"CBI action plan is based on 10 major elements, namely active management of the interbank market, reinforcement of bank credits, balancing the reserve ratio of commercial banks, rating banks and close supervision of  beleaguered lenders,  utilizing open-market tools  in implementing monetary policies, disciplining the money market by regulating the unlicensed credit institutions, increasing capital of private banks, reducing bad debts, merging, reforming, rebuilding and dissolving banks and credit institutions and improving oversight of the banking industry," Akbar Komijani said in an interview with the weekly Tejarat Farda, a sister publication of the Financial Tribune.
 
The CBI deputy governor also singled out some characteristics of the blueprint, touting them as points constituting the pillars of the reform plan.
 
He described these as "moving past official decrees in policy-setting, rethinking the scope of monetary policy, changing the supervisory approach, disciplining the money market and removing banks' distressed assets."
 
Doing Away With Decrees
 
During the past few years, one of the main irritants of the money market has been official decrees. This, Komijani says, was occasionally put aside by the CBI , including when bank interest rates were lowered by the lenders themselves.
 
The CBI wants to move past direct intervention in its regulatory methods and at the same time prevent the ineffective allocation of credits and non-competitiveness of banks by employing indirect instruments in tandem with market mechanisms.
 
Rethinking Monetary Policy
 
While statistics show that the inflation rate is in single digits, recession still looms large. The senior official pointed to the measures undertaken by the CBI to spur economic growth, namely "balancing the bank reserves ratio of commercial banks, allocating loans to automakers and producers of intermediary goods and launching credit cards by the banks to promote domestic products".
 
Komijani admits that these efforts prompted a five percentage point surge in money supply, which according to latest data recorded a 29.7% growth in the third month of the fiscal year to June 20.
 
Changing Supervisory Approach
 
Elaborating on the supervisory policy of the CBI, Komijani said "reviewing and refining infrastructure and processes, improving the system of financial statements of banks, administrative regulations, employing information technology tools and using punitive and hortative measures in line with the Banking Overhaul Plan" are crucial necessities.
 
Disciplining the Money Market
 
To improve monetary discipline and the transparency of statistics, to expand supervision over banks and credit institutions and to regularize uncertified credit institutions, the CBI has been actively at work, he said.
 
"The CBI's efforts include adding data from six banks and four institutions to the list of monetary and credit statistics (by certifying them) in 2013 and 2014 and the amendment of the general plan to reorganize the unofficial money market (Directive 618 of the High Council of National Security) in four steps, namely identifying the unregistered monetary institutions, finalizing the status of companies applying for license, preventing the operations of institutions that lack CBI permit and prosecuting them."
 
Reducing NPLs
 
The CBI official says the NPLs have emerged as a result of a number of factors in and outside the banking system. To address this pressing issue, the 'alleviation of NPLs in the banks' action plan has been included as part of the Banking Overhaul Plan.
 
He referred to the two plans for creating rating agencies in the banks' and customer assessment units within banks" and 'following up on the formation of an asset management firm' as the two final phases of the process.
 
The first phase of the reform plan began in 2016 and will continue until next year, he said. "In the current phase, a package to resolve the dilemma of sour assets has been planned.
 
"By the end of the second phase, the ultimate goal of foundational and institutional reforms in the banking system will come into effect," he said.  LINK

DINAR GURUS UPDATE, 10 SEPT

9-10-2016   Newshound/Intel Guru BGG   [does mosul have to be free of isis before a change in value?]  Doesn't have to...but at the very core of all of this is world support of Iraq.  They IMF, WB and UN all want to support Iraq (and recognize whatever value they eventually apply to the IQD)...but it appears they have given Abadi some very direct guidelines and "advice" on how to proceed. There is no doubt this included them putting their squabbles aside and moving on ISIS.

9-10-2016   Guest Guru Daz
   ONCE THE CURRENCY IS FULLY INTERNATIONAL IN SCOPE IT WILL BE ACCEPTED AND EXCHANGED ANYWHERE IN THE WORLD JUST LIKE THE OTHER 194 CURRENCIES... HANG IN THERE...

9-10-2016   Newshound/Intel Guru BGG   Article:  "World Bank offers to Iraq to see funding for economic development"  Quotes:  "Saleh added that "the World Bank between the activities targeted by the loan, is the support of the **federal budget in line with the economic reform paths and a document of reform launched by the Prime Minister..."  "the loan payout after the completion of understandings with the World Bank on the road map, which is consistent with the paths of economic reforms," expected to "be executed loan to Iraq by the World Bank end of the year 2016".  Zebari may well be there... but Saleh is too...Zebari could well be there trying to stay in the conversation is all...it is being reported, his dismissal is imminent...and I don't think it will cause any "DELAY" - in fact, Iraq adhering to the "reform paper" launched by Abadi and instigated...by the IMF/WB makes it appear as though this corruption clean-up may well speed things up if anything at all.

9-10-2016   Newshound Guru Aggiedad77
  We know the IMF has taken to heart all that Iraq has been doing...what is it though that we have been expecting for over a month...a new governor...The IMF of course would have to bless this person...so perhaps this is the guidance they will give...bringing in a new gov...who can give the GOI a shove...in just a way to show all the Iraqi people some love.

ROVER POST, 10 SEPT

Rover :  A big hello to everyone..I normally lurk.. I have some good info..

1 hour ago I was at my bank..the major one..asked the TELLER if they were going to exchange the currency we all have. she said YES!!

She said they were told not to talk about it but I know her. Asked if this location would be exchanging said no but 15 min down the road they will be exchanging.

Would not discuss rates but said they were allowed to possess currency... they are allowed to exchange any currency they have...from the horses mouth..

Said this was suppose to go at 9 last night but a minor glitch..

TNT UPDATE, 10 SEPT

TNT

GGee: Good morning everyone ing TNTland. I just want to give a word of encouragement to everyone. Sooner or later this baby will be born. We've hung in this long, continue to hang in. The train cannot continue to ride forever. It's got to come into the station one day or night: Let's be glad we have someway to know what's going on.

Jessie91:  Saturday UPDATE for September 10, 2016  It was reported that thousands were in the streets protesting demanding that Iraq complete the reforms....loaded cards DO NOT mean funded cards....progress is still in the making. Parliament's closed session should yield some interesting results that are anticipated in Sunday's Gazette. Time Will Tell. Don't worry....be happy!

WantingFreedom: I like the closed session of Parliament with looking to the Sunday Gazette

Daz:  ONCE THE CURRENCY IS FULLY INTERNATIONAL IN SCOPE IT WILL BE ACCEPTED AND EXCHANGED ANYWHERE IN THE WORLD JUST LIKE THE OTHER 194 CURRENCIES...HANG IN THERE