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Saturday, December 3, 2016

TNT TIDBIT, 3 DEC

TNT:

OKRocks:  The last news I read: The House of Representatives has postponed a vote on the budget in 2017 until tomorrow (Dec 4) Sunday…….Just my thoughts... Iraq has been ready they like us, have to wait on the you know who to say its time... so they delay until is time to go

Pearle: T he RV can run but it can't hide …..sooner or later, it's gonna get caught

mangelo :  How do you think a country can run without a new rate! they are trading on platforms.... they PTB IMO are just controlling things...but with the internet knowledge and availability things have to be made public very soon! This is our weekend!

DINAR GURUS UPDATE, 3 DEC

12-3-2016   Intel Guru Dr. Clarke   [If Mosul is not finished in December, will that delay this longer due to “security” concerns?]  As of “Right Now”, the TIMING of Mosul, is irrelevant, as to the increase and International status release of the Dinar. Nothing you hear or see about Mosul, will be an accurate description of what’s really going on there, especially from here on out - and that’s why you hear so many reports that conflict with each other. It’s supposed to. This is war. Forget about Mosul and the timing of the Dinar.  We’re now past that stage of concern, and strategy. ISIS is already contained enough, and has been for a few weeks now, in order to increase the value substantially and make it International in status - OFFICIALLY - which means it’s FORMALLY ANNOUNCED & printed on the CBI WEBSITE. Until this happens, it’s ALL just hearsay, and means nothing - BECAUSE, you can’t go exchange it - YET. 

12-3-2016  Newshound Guru Breitling 
  Here’s the difference between Iraq and Turkey…the one thing you need to understand is that Turkey got rid of the three zeros on it’s notes.  In other words their note count never changed.  They never took any notes out of the market…why is Iraq taking physical notes out of their market?  ...Turkey took three zeros off their currency, they didn’t take any physical notes out…they pretended they reduced the note count by taking the three zeros off the notes.   We know Iraq is not doing the same thing.  Why?  Because they physically took notes out of circulation.  They already retired the 50 dinar note.  So they went from 9 billion notes to 6 billion notes.  Did they take any zeros off in that process?  No!  They went from 6 billion to 4 billion.  Did they pretend there were any zeros off their notes at any time?  No!  Did they retire any notes that they had out there?  Yes…they retired the 50 dinar note.  How people don’t see the difference..either they don’t or it’s just too much to handle.  This isn’t for everybody…It can’t just be on hope and prayer cause you end up loosing.  There has to be logic somewhere.  

12-3-2016   Intel Guru Blondie
   Article from Iraq surfaced within the last number of hours quoting U.S. Secretary of Defense Carter Ashe as saying "he was confident that the days of a few Daesh in Mosul." Great news! Formal Mosul liberation appears to be close at hand!

12-3-2016   Newshound/Intel Guru BGG  
...they are working with us, the IMF, the UN and the world...they need international acceptance.  Iraq's currency situation is getting better and better - ISIS money being destroyed. AND - we've got the major players hunting "smuggled currency"... DAILY.  My guess...there is likely 10-20% of the outstanding currency there was a couple of years ago... Economic and monetary reform is already on the way (started)... HANG ON!!

12-3-2016   Intel Guru Bluwolf
   We are close people. All the loops both on the political as well as in greedy established ones have been dealt with in its entirety.  One last word, just have everything ready.

MNT GOAT UPDATE, 3 DEC

December 3, 2016 Mnt Goat News Brief

Hi Everyone,

I bring you much news today. So today is Saturday and what does this day bring us?
Is the budget then settled? Are we rich yet….lol…lol…?  

Update Saturday Dec 3, 2016- Vice Chairman of the Finance Committee Faleh applicable: - "The delay in the vote on the budget for 2017, the differences on the ratio of the population and export of oil and the benefits of Basra province".

​(I want everyone to note that this is why they need to do a complete and accurate “official” and “nonpartial” census of the population. So this tells us this is not yet completed and this created issues. Did you read the article I presented in the recent past on this issue? Basra was asking for an additional $5 per barrel of oil besides their share of the 17%. There is also back owed monies due)
Articles Begin
 
Basra rejects draft 2017 budget
 
K & / p p
Twilight News / rejected the local administration in the province of Basra on Saturday, a draft finance Iraq’s budget for next year, indicating that the financial budget ignored the rights of the province, a center of the oil industry in the country.
 
The head of the provincial council Albzona morning at a joint news conference with the governor, said that the draft project Tnzawa legal violations and conflicts with provincial law No. 21 of 2008 average.
He pointed out that the budget ignored the financial allocations of Basra that the project did its disposal the central government during the previous years as well as the non-allocation of the petro-dollar funds, demanding return of the project to the government for the purpose of amendment.
 
Turn conservative Majed Nasraoui said that “the federal government of the city of Basra at about 17 trillion dinars from the petro-dollar amounts that were not paid to the province during the previous years”, noting that the province did not get any allocations for the petro-dollar during the current year.
 
Nasroaa and threatened to resort to mass protests if the federal government did not respond to the demands of the province in the budget.
It was scheduled that the Iraqi parliament will vote today on the budget bill but delayed to tomorrow Sunday(if they agree to make the changes.If not this will go on and on. Remember that on Dec 5th the IMF is doing a review of Iraq to decide on the installment of 4 billion and they need a passed budget to get the money. So the pressure is on!)
 
 
CBI aims to raise the price of the dinar
 
BAGHDAD – Anatolia: Iraqi finance official said on Friday that the Central Bank of Iraq aims to raise the Iraqi dinar exchange rate against the dollar in the domestic market during the coming period in coordination with the government and private banks.

Said Majid picture, the governing body of a member of the Iraqi Central Bank, said that «the CBI identified in an earlier exchange rate as 1200 Iraqi dinars per dollar, and now we aim to maintain the exchange rate to the borders of 1210 or 1220 dinars to the dollar».

He added that «there is significant cooperation between the central bank and the civil government and the banks, on the sale of hard currency, and within a short period will be reduced dollar against the Iraqi dinar».

Although the Central Bank of Iraq announced earlier this year to install dollar against the Iraqi dinar rate of 1200 dinars to the dollar, and obliged all banks and banking companies to sell according to the new price, but that did not happen.

CBI has not officially announced so far for steps to maintain the local currency against the dollar, with the most important step taken by the central banks in this regard is to provide foreign exchange in the domestic market(so this has nothing, absolutely nothing to do with going international and revaluing the currency,…get it? NO RV! )  To maintain its currency. In a related development anticipate the picture that «there are positive effects of the agreement to reduce oil production of OPEC on the Iraqi dinar exchange rate».

He pointed out that «Iraqi revenues in hard currency may increase, and this will have a significant role in increasing the supply of foreign currency in the local market. And yesterday scored Iraqi dinar exchange rate against the dollar to decline up to 1320 dinars to the dollar.

The sale price of the national currency, according to the schedule of financial exchange in Iraq has reached 1320 dinars to the dollar, down from the official rate of exchange at the Central Bank of Iraq by 120 dinars to the dollar.

It is noted that in the last weeks of the Iraqi dinar exchange rate maintained at a rate of 1290 dinars to the dollar, but it is taking a gradual decline in nearly two weeks.

On the other hand the Economic Committee in the Iraqi parliament, said that 80 percent of the $ 312 billion sold by the central bank in 12 years, had been smuggled abroad. This came in an interview with a member of the economic and investment commission proof Mamouri, during a press conference with a number of members of the Committee. Said Mamouri «12 years ago to establish a central bank auction, it was sold 312 billion dollars in 80 percent of them turned out of Iraq». He explained that «the participants in the auctions sell the currency, the banks and companies, their goal was to obtain hard currency at a lower price to be smuggled out of Iraq, after the submission of forged trade documents».

He added that «the central bank’s policy has led to a significant waste of hard currency that enters the country as a result of the sale of oil». He pointed out that «the Central Bank reserves fell to less than $ 50 billion as a result of this policy.

The Iraqi central bank sold dollars to Iraqi banks and companies at a price of 1180 dinars to the dollar, while its price in the market is much more than that. (really? no kidding…lo

The resolution of the budget depends on calculating the salaries of 1.4 million employees in Kurdistan and Baghdad records
 
Ceyhan re Kirkuk oil receivers
 
Author: AB, MK
Editor: AB
12.3.2016 12:54 

Long-Presse / Baghdad
Finance Committee in the House of Representatives announced on Saturday, the approval of the Kurdistan Regional Government on the delivery of 300,000 barrels of Kirkuk and another 250 thousand from the fields to the company SOMO against the salaries of its employees, and as pointed out that the current dispute regard to calculating the number of staff of the province, has ruled out the resolution of the dispute today and approving the budget .

(As I said its all about the census and records of employees, pensions, etc…So here is a second article on this topic (one of about 10 that come out) as to why the budget is stalled until further notice, maybe tomorrow but I doubt it)

The committee member said Sarhan Ahmed in an interview with (long-Presse), “The Kurdistan Regional Government had agreed to deliver 300,000 barrels of oil fields in Kirkuk to the central government’s SOMO, as well as 250,000 barrels of Kurdistan fields in exchange for their employees’ salaries,” noting that “dispute is currently the number of provincial employees, numbering in the Federal Ministry of Finance records of 600 000 employees, while the real located far greater as a result of the appointments after 2004”.

Ahmed said that “Arbil Baghdad demanding the payment of salaries of 1.4 million employees, as well as employees of the social welfare and pensions,” ruling out “the possibility of resolving this dispute today. 
(remember still 90% of citizens employed but the govt,. This is exactly what the GOI and the IMF is trying to change with the privatization of the economy so they can move more people off govt payroll to private sector and thus have more govt money to rebuild Iraq. So this issue with the 2017 budget stabs right in the heart of what is going on. Do you now understand why Iraq must move to a private sector? At $110 a barrel of oil there was plenty of money to go around and plenty for corruption but now when oil is $35-45 a barrel they realized they must do something since this free for all has gone away. But is it s cultural change as well as an economic change)
 

Member of the parliamentary Finance announces expansion of the points of contention about the budget
 
Baghdad} Euphrates News announced the parliamentary finance committee member Husam punitive, on Saturday, widening the points of contention on the draft 2017 budget law.
 
He said punitive, told {Euphrates News}, "there are two paragraphs in the budget, the two Kurdish dispute over the oil accord, which led to the postponement of adoption of the budget last Thursday." 

"The other point of contention emerged on the allocation of 35% of the popular crowd according to the ratio of the population in the liberated areas, the fact that this paragraph were not placed by law." 

Punitive and pointed out that " the National Alliance met to discuss these two points, and if it was agreed that if these two points are added it will assure the passing of the budget in the House of Representatives." 

And the heads of the National Alliance blocks, today held a meeting with the parliamentary Finance Committee in the House of Representatives, to discuss resolving points of contention in the draft budget for the purpose of approval in the parliament session , which is scheduled to be held today to vote on next year 's budget law 2017
 
Articles End
 
 
Their words not mine…..No Rumors, No Hype, Just the FACTS!
 
Auf Wiedersehen
Much love to ya all,
Mnt Goat

KTFA UPDATE, 3 DEC

Porter:  Dear Mr. F26,  In this CC you stated "Do we need Mosul for the RV? You said "No"                                    
According to my notes from the past I remember you stating, "Once we have Mosul you will see the RV"     Clarification please.

Frank26:  Which are two separate thoughts .

One does not need Mosul for the MR but once you have Mosul you will have the MR .......understand ?  

Walkingstick:  Following the postponement of approval Thursday .. Today the House of Representatives seeks to vote on the budget bill  

http://www.alsabaah.iq/ArticleShow.aspx?ID=127462
 
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Walkingstick:  The central bank in the process of raising the price of the Iraqi dinar 
 
5:16:23 02/12/2016
 
The central bank predicted that there would be positive effects of the agreement to cut oil .production "OPEC" on the Iraqi dinar exchange rate
 
BAGHDAD / obelisk A member of the administrative board of the Central Bank of Iraq, Majid picture, on Friday, said the bank aims to raise the Iraqi dinar exchange rate against the dollar in the domestic market during the coming period in coordination with the government and private banks, pointing out that there is significant cooperation between the central bank and civil government, banks, on the sale of hard .currency, and within a short period it will be reduced dollar against the Iraqi dinar Suri said,

 "The CBI identified in an earlier exchange rate as 1200 Iraqi dinars per dollar, and now ".we aim to maintain the exchange rate to the borders of 1210 or 1220 dinars to the dollar Suri added that "there is significant cooperation between the central bank and the civil government and the banks, on the sale of hard currency, and within a short period will be reduced dollar against ".the Iraqi dinar Although the Central Bank of Iraq announced earlier this year to install dollar against the Iraqi dinar rate of 1200 dinars to the dollar, and obliged all banks and banking companies to sell according to .the new price, but that did not happen CBI did not announce steps to maintain the local currency, against the dollar,

but that one of the important steps followed by the central banks, is to provide foreign exchange in the domestic .market to maintain its currency Suri predicted that "there are positive effects of the agreement to cut oil production" OPEC "on the ".Iraqi dinar exchange rate He pointed out that "the Iraqi revenues in hard currency may increase, and this will have a ".significant role in increasing the supply of currency in the local market

And it recorded the Iraqi dinar exchange rates, on Friday, a decline against the dollar in trading .stocks Iraqi Finance banking by 1320 dinars to the dollar According to the schedule of financial exchange in Iraq (a private sector financial institution), the selling price of the Iraqi dinar per day amounted to 1320 dinars to the dollar, down from the official .rate of exchange at the Central Bank of Iraq by 120 dinars to the dollar During the last period kept the Iraqi dinar exchange rate to a rate of 1290 dinars to the dollar, while .taking a gradual decline in nearly two weeks against the dollar, with the private sector

http://almasalah.com/ar/PrintNewspage.aspx?newsid=88406

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Walkingstick:  Financing the budget deficit by about a trillion and 500 billion dinars

Through auctions of treasury transfers

BAGHDAD / morning the

central bank regulates the atheist and the twentieth of this month a public auction for the sale of treasury transfers for the annual 364 days emissivity of $ 300 billion dinars within the domestic borrowing plan for the current year.

 A source in the bank's "morning" that this auction will be the last of its kind this year in the plan announced by the Ministry of Finance included the establishment of 11 theauction of treasury transfers. The central bank, as a financial agent of the ministry manages Auctions remittances based on the Public Debt Act, which authorized the Ministry of Finance issued treasury remittances are guaranteed by the government for the purposes of government funding to fill part of the temporary deficit in the general budget for Iraq.

And participate in the auction a number of government agencies as a circle of beneficiary care of minors , and a network of social welfare as well as the Department of pension, as well as a number of private banks.

According to statistical approximations "morning" have been sold in the amount ofremittances is approaching one trillion and 500 billion dinars since the first auction was held in February of this year until the auction last month.

The borrowing plan for the issuance of treasury transfers through auctions for the current year will be put up $ 5 trillion dinars to sell to the government party and the other beneficiaries in the same context , the central bank announced the results of an auction of treasury transfers to the annual order (364 days) , which was held on the third of the month ofNovember last .

According to a statement of the bank that the auction saw the sale of 115 billion and 500 million dinars from Asdarih amount of 300 billion dinars to two banks participated in theauction and won the offers Kdmanha.

We were sold remittances highest price cut of competitive auctions of 5 percent and anaverage yield of 4.78 percent.

In the same vein he said economic researcher Firas Amer said the investor, particularly in the financial market and the bond market is always looking for a way that enables it tomaximize the total return of the portfolio is expected in light of the degree of risk that isbelieved to be suitable.

The investment in the bonds of the types of investments zero - risk high interest rates at the same time.

Amer said in an interview for the "morning" means the risks are the possibility ofachieving lower - than - expected return greater the likelihood of achieving a low return or (loss) was a high degree of risk and vice versa.

He said the degree of risk varies from investment to another , there are risk - free financial investments such as government bonds compared to the total investment in the shares of new companies or specialized operations volatile so great as the risk rises to a large degree.

http://www.alsabaah.iq/ArticleShow.aspx?ID=127432

TNT UPDATE, 3 DEC

TNT:

Mangelo:  Like I told you guys about a week ago they RI has happen! they have new prices and they haven't made the RV public yet……RV!!!! waiting for it to be public!!!!!!

Mangelo:  Great article,,,, Central Bank of Iraq aims to raise the Iraqi dinar..​​....
https://translate.google.com/translate?depth=1&hl=en&prev=search&rurl=​translate.google.com&sl=ar&u=http://www.alquds.co.uk/%3Fp%3D639440

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Natok:  thought I would share this: my daughter was at a business dinner in a larger town. Around her was a couple that does missionary work in Zim (country). Another couple at the table was asking him questions about the country and their economy (which perked my daughter's ears!)

The lady told him that she had helped someone one time, and they never had money to pay her back, so they gave her some $500 zim notes. She asked if they were worth anything. They told her if she wanted to give them to them for their church, they could take them back and it would give $1M to their church.

She said they did not use those any more, they were using "bond notes" which made their money $1 zim to $1 usd! so was told over there these notes were were .03/$1. so she asked if she held on to them if someday she would be a millionaire, he told her probable so! my daughter knew this lady did not know anything about the currency exchange the way the conversation was! But really got her attention!

she decided to keep her zim! I think she was talking about 2 500 zim notes

Tysonace:  NAtok is your daughter heavily invested in zim?

Natok:  thought it was interesting that their bond notes were 1/1. no my daughter has no zim! but she don't know what I have! Lol

Markster:  so 500 zim is $1 mil ???

Natok:  Markster, that is what i understood….these may have been 500T notes, not sure, but still sounds good!   the lady had a hard time understanding what he was saying when he was telling her "bond notes", my daughter translated that for her! Lol

Tysonace:  1to1 on the zim is almost unfathomable, but I won't complain natok

OKRocks:  nantok sounds like she was saying the new bond notes are 1 to 1 which we knew and the old notes are 3 cents to a dollar... I could handle 3 cents

ADMINBUILL UPDATE, 3 DEC

ADMINBILL:  SATURDAY, DECEMBER 3, 2016 (0035 MT)
WSOMN DECEMBER MESSAGE

 December is a very special season of the year around the world for Christians. I invite all of you to remember those in need and those that do not celebrate, for whatever reason, this time of year.

A5
Keep the Family of Man (and Woman) in your hearts this very special time of the year. For Christians, who Remember Jesus Christ as the Savior of Mankind, and for those of other Faiths that hold Christ in the highest regard, and even for those that do not, I exhort you to share your Love, Faith and Charity with each and every person you are privileged to come in contact with in the coming weeks

Soon we will be Blessed without measure. Remember we will be judged on our works. Choose wisely.