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Monday, February 27, 2017

LOOP UPDATED, 27 FEB

Loop   LOVE THE DUE DILIGENCE THAT THE BANKS AND GOI ARE DOING! 
 IT SHOWS A REAL COMMITMENT, ON THEIR PART, TO STOP THE CORRUPTION ONCE AND FOR ALL.

THEY STILL HAVE MUCH WORK TO DO ON THIS FRONT. ONE THING HAS BECOME VERY APPARENT TO ANYONE READING THE NEWS...THEY ARE DONE ALLOWING THEIR WEALTH TO BE STOLEN BY CROOKS.

THIS BODES VERY WELL FOR THE IRAQI CITIZENS AND US! THIS IS EXACTLY WHAT THE IMF NEEDS TO SEE THEM DOING!

TNT TIDBIT, 27 FEB

TNT:

MRiles:  A trusted friend who has been invested for about 8 yrs shared this. She is not on the TNT forum so I asked permission to share it with the TNT members.

HER DAUGHTER IN LAW WHO IS A CORPORATE VP WITH B OF A WAS TOLD SAT MORNING TO BE AT CORP IN SC YESTERDAY (Sunday) FOR A 4PM MEETING FOR GLOBAL CURRENCY RESET MEETING AND INSTRUCTIONS.

Please excuse the CAPS I'm not yelling (although I feel like screaming I'm so excited) that's how it was sent to me in Skype. I will post an update when received.

DINAR GURUS UPDATE, 27 FEB

2-27-2017   Newshound Guru Kaperoni   Article:  "Commercial layer "parasitic" I run the Americans in Iraq and the balance of the bank continues to decline"   Quote:  "...the current value of the Iraqi dinar is not a real value but a value for the stability and the alternative is a monetary reserves because the government can not afford to float the currency politically."   IMO, they wouldn't be talking about it, if it was not the plan.  Soon we can hope the float will start. 

2-27-2017   Intel Guru RayRen98
   On Iraqi television this morning, they were told the stock exchange is going international in March, with no delays.  That is the good Iraq news, for those who believe nothing will happen until things happen in Iraq.  Mosul is pretty much in the bag;  how important that will be will become clear.  I’m still at ‘any minute, any hour’, and I know there was a desire to get this done by the end of the month...we are close...slowly but surely, it’s coming. This RV is like running water, and it’s difficult to stop running water once it’s started flowing.  So we wait to see what happens next...   [post 2 of 2]

2-27-2017   Intel Guru RayRen98   The fight has moved over to Syria, with Abadi ordering air force attacks.  Mosul seems to be no longer an issue, unless they are doing both at the same time.  Also, Iraq is saying Mosul is ‘steps away from complete freedom’.  Supposedly a new plan to defeat ISIL is to be revealed today.  Western Mosul has been reclaimed, with government buildings, etc. That says something to us – large groups of ISIL are surrendering.  Also Iraq offered its first international bond to the markets.  Farmers are supposed to receive their back pay today, and also fingerprinting for international Visa cards.  We are told this is to be at the new rate.  With the new cards, the currency is certainly international.   [post 1 of 2....stay tuned]

2-27-2017   Newshound Guru tlm724   Article:  "The Ministry of Commerce held a conference last week that "trade policy and economic reform" with broad participation and the presence of specialists in the economy."  [What is your take on this...  Quote:  "...the current value of the Iraqi dinar is not a real value but a value for the stability and the alternative is a monetary reserves because the government can not afford to float the currency politically."]  I think when it says "the government can not afford to float the currency politically" they are right. Politically here is no Minister of Finance and the CBI governor is a Bozo, that is some serious instability if you ask me.  We all know the dinar is grossly undervalued and the reserves are down because Iraq is just now graduating from the Economic's 101 class.  They are making great progress with the electronic system which is very encouraging. Without that piece of the puzzle we would have little hope!  They need liquidity badly and the only way they are going to get peoples money is to make those deposit's insured. That is what I am looking for next!

2-27-2017   Newshound Guru loop
   LOVE THE DUE DILIGENCE THAT THE BANKS AND GOI ARE DOING!   IT SHOWS A REAL COMMITMENT, ON THEIR PART, TO STOP THE CORRUPTION ONCE AND FOR ALL. THEY STILL HAVE MUCH WORK TO DO ON THIS FRONT. ONE THING HAS BECOME VERY APPARENT TO ANYONE READING THE NEWS...THEY ARE DONE ALLOWING THEIR WEALTH TO BE STOLEN BY CROOKS. THIS BODES VERY WELL FOR THE IRAQI CITIZENS AND US! THIS IS EXACTLY WHAT THE IMF NEEDS TO SEE THEM DOING!

2-27-2017   Newshound Guru Kaperoni
   Article:  "Central Bank Governor: We support researchers and experts"   Quote:  "...the strength of the role of the banking sector is largely based on the strength of the economy and the stability and diversity, and its role in supporting and stimulating the private sector as the fundamental basis for the economy and growth."  No secrets or shortcuts.  Though not what most want to hear, it is what we want to hear.  Simply because as the economy grows so will the dinar...Balassa-Samuelson effect.

2-27-2017   Intel Guru Dr. Clarke  We will tell you, that the focus has changed from just Iraq's Safety & Security, clearing, liberation - to, and including a "REGIONAL" focus of Safety & Security, which is now centered also in Syria and others...  We mentioned this possibility about the status of Syria & Iraq being equally important and related...and we talked about a "Trigger" recently too...we're going to have to see where this goes, over the next few days...there is a strategy, that's of course hidden, and it definitely involves, the economics & currency movements of Iraq and others.  Don't put much stock in this "Bond" thing, introduced this weekend...fyi...   "Standby" in Positive Expectation, and watch "The STORM" for now. It's Beautiful.  What is REAL, is that we've put ALL DATES & TIMELINES OFF THE TABLE NOW.  IT'S A BRAND NEW BALL GAME, FRIENDS. There's a LOT MORE TO COME, before Anything meaningful moves & is clear...ALL in our Opinion...   [post 2 of 2]

2-27-2017   Intel Guru Dr. Clarke   This is Truly, "The PERFECT STORM", and we're right square in the middle of it. We were hoping for more to share today, that was significantly meaningful & Clear, but it just hasn't been the case. So, we're currently in "STANDBY" mode, and hope that by this coming Thursday, March 2nd, things will clear up, and become more solidly known.  ​We're not saying things are happening "Sooner" and we're not saying things are happening "Later"...we really don't know at this point, BECAUSE THINGS HAVE CHANGED SO MUCH OVER THE PAST 2 DAYS...and if we did, we'd relay those things along to you.   It's truly a very massive and widespread storm...with Heightened ILLUSION...but one thing's for sure...it's POSITIVELY MOVING FORWARD. ALL of Life is about TIMING.   [post 1 of 2....stay tuned]

2-27-2017   Newshound/Intel Guru BGG   "Iraqi Stock Exchange is looking forward to new laws to operate locally and globally launched"  Iraqi Stock Exchange is looking forward to new laws to operate locally and globally launched!  Holy $*%&!  Did I just read that right? There is a reason they are talking about this right now...it would appear this is on the verge of happening.

LOOP TIDBIT, 27 FEB

Article:  "Rasheed develop a plan to open branches in the liberated areas Banks"

  What caught my attention in this article was that they are in starting to talk about opening and rolling out modern & advanced services in the liberated areas. This says one thing to me.

 They feel the there is enough SABILITY and SECURITY in the liberated areas to move forward with normalized banking operations.

Which means that they must feel that there is little or no threat that the banks funds will fall into the hands to Daesh.


 The Iraqi's are continuing to show us daily that they are very serious about reforming every level of their government to provide a better future for their people. Corruption is being dealt with as they find it.

There is still much work to be done on this front. But the speed at which they are confronting it is spectacular.. IMO.   The battle to free the Right coast is progressing very nicely.  The on going media blitz on Maliki is very telling.  His time is coming to and end.  His is about to reap the what he has sown. 

IMO. Munich was a definite catalyst for the recent move on him.

IMO...It's shows how close we are getting to realize the the fruits of our labor... 

  The continued dialogue in the media about national reconciliation shows how serious they are about it.

  It's not over until the fat Iraqi woman sings, but I have a feeling that she is about to belt out one heck of a tune!
 Article:  "Iraq complains Ministry of Finance's lack of cooperation with the retirement body: disgruntled pensioners of procedures"  Quote:  "Rafidain Bank was forced to exchange for several months, in spite of the suffering experienced by the bank, due to the lack of liquidity..."  due to the lack of liquidity...

I KNOW WHAT WOULD FIX THE ISSUE...INCREASING THE PURCHASE POWER OF THE DINAR!


2-26-2017 

BGG TIDBIT, 27 FEB

BGG 

 "Iraqi Stock Exchange is looking forward to new laws to operate locally and globally launched"

  Iraqi Stock Exchange is looking forward to new laws to operate locally and globally launched! 

Holy $*%&!

 Did I just read that right?

 There is a reason they are talking about this right now...it would appear this is on the verge of happening.


2-27-2017  

KAPERONI TIDBIT, 27 FEB


Kaperoni


  Article:  "Central Bank Governor: We support researchers and experts"   Quote:  "...the strength of the role of the banking sector is largely based on the strength of the economy and the stability and diversity, and its role in supporting and stimulating the private sector as the fundamental basis for the economy and growth."

 No secrets or shortcuts.

 Though not what most want to hear, it is what we want to hear.

 Simply because as the economy grows so will the dinar...Balassa-Samuelson effect.

2-27-2017  

WSOMN UPDATE, 27 FEB

iny Mouse wrote
4m ago
Good morning Avon!! This is Dr. Seuss week

Avon Lady wrote
4m ago
oh good reading...
That'll keep you kiddies busy while you wait for the RV.
Sandnsea wrote
3m ago
If knew nothing, I was upset, I vented, so if DD wants to print all my old posts. Go for it because I have nothing to hide.
Sandnsea wrote
2m ago
Who here now wants to get me sooo badly. Slow news day. I'm not that interesting.
Can we say "Drama Queen"?
Sandnsea wrote
1m ago
Desperate Much, DD Spy??

omg


Avon Lady wrote
2m ago
Sand ... what happen ?

RaginCajun wrote
2m ago
SAND- RELAX AND BREATH
Sandnsea wrote
2m ago
Scroll down and read up, DD is after me now since every conversation here is printed there. Someone here is a total arss

Avon Lady wrote
2m ago
Oh can't they stop.... wish we knew who is doing it
Sandnsea wrote
2m ago
I'm fine, I stand behind whatever I said. Wise and unwise. I'm better educated now on how this goes down.

Avon Lady wrote
2m ago
good for you... stand your ground

luka51 wrote
2m ago
Sand, do not worry... someone is getting their kicks...

luka51 wrote
2m ago
we all need a break,, too much stress. so do not take that energy in, sand

Avon Lady wrote
1m ago
luka ?? true getting their kicks at others expensive is not good
Sandnsea wrote
1m ago
I know, it's really reaching. Someone is really worried they are about to be outed
Sandnsea wrote
1m ago
I can take the heat, I battled and won over cancet, this is nothing!   
zippymae wrote
1m ago
Sand just ignore them. They're using you to cover up what they're doing. I hope they are outed!   
BeagleEyes wrote
1m ago
Sand I am so sorry you have to go through that. People can be mean, usually because they are jealous of something. Know that we appreciate you here

Avon Lady wrote
1m ago
true.. it is sad. It's sad that we can't come in and share great news because someone wants to steal it .. Not good!
Sandnsea wrote
1m ago
Dinar Daily
Sandnsea wrote
54s ago
And let's think, I'm not a stupid person, if I was spying why would I use my same name both places??? Give me more credit.

BeagleEyes wrote
moments ago
Luka I am fine. I really needed AB to come in last night with that last update. It was tough for me in here yesterday will all of the back and forth ALL day long
.

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Ssmith
GURU HUNTER
GURU HUNTER


Posts : 11068


Join date : 2012-04-10
PostSubject: Re: WSOMN Monday Drama 2/27/17   Today at 12:08 pm

Sandnsea wrote
3m ago
Thanks I'm not upset at all. I find it laughable. Like I said I'm just not that interesting. I sing off key and have two left feet. But I'm a great cook, and I sing while I cook!

BeagleEyes wrote
1m ago
Hey Sand did you ever hear the comment that you only have to be good in ONE room?
Sandnsea wrote
23m ago
I was there 2 1/2 months - Full Disclosure - In case they try to say anything else about me Middle of Feb - to the end of April. I learned all about them. And left.

CJoseph wrote
23m ago
ssmith is copying and pasting wsman stuff again GRRRRRRR
winkywinky


Sandnsea wrote
23m ago
Now do they want my first born and blood type, lol

CJoseph wrote
22m ago
I dont understand why smith things he /she has to post stuff we chat about...
Gather info for a made for TV docu-drama.   As the Dinar Turns.

Sandnsea wrote
22m ago
Slow news day, they get $$ for hits I guess

CJoseph wrote
23m ago
all they do is take what we write and give smart ass comments
Sandnsea wrote
23m ago
They really are not spy's, they are trolls

CJoseph wrote
23m ago
LOL I have a bank story to share it is real but I dont want it exported.
That's hardly fair, CJ.  After all, you took a bank story from here and there was no complaints from DinarDaily.

zejaybee wrote
18m ago
CJ Hmmm... maybe we could start a pm chain excluding ssmith

zejaybee wrote
16m ago
Bay maybe so, Ssmith is the cartoon character Snuffy Smith...
Sandnsea wrote
15m ago
Currency 365 update am https://youtu.be/cuOFXvo6KZo

snickers wrote
9m ago
Who is this smith character (scroll way down to find).

zejaybee wrote
7m ago
snickers ssmith is suspected as the spy exporting our chat, NOT saying this is correct but suspected nonetheless

DR. CLARKE UPDATE<,27 FEB

DR. CLARKE: This is Truly, "The PERFECT STORM", and we're right square in the middle of it. We were hoping for more to share today, that was significantly meaningful & Clear, but it just hasn't been the case. So, we're currently in "STANDBY" mode, and hope that by this coming Thursday, March 2nd, things will clear up, and become more solidly known.

​We're not saying things are happening "Sooner" and we're not saying things are happening "Later".......we really don't know at this point, BECAUSE THINGS HAVE CHANGED SO MUCH OVER THE PAST 2 DAYS.....and if we did, we'd relay those things along to you.


It's truly a very massive and widespread storm.....with Heightened ILLUSION.....but one thing's for sure......it's POSITIVELY MOVING FORWARD. ALL of Life is about TIMING.


We will tell you, that the focus has changed from just Iraq's Safety & Security, clearing, liberation - to, and including a "REGIONAL" focus of Safety & Security, which is now centered also in Syria and others - thus, you see yesterday, Iraq sending planes to Syria for airstrikes. We mentioned this possibility about the status of Syria & Iraq being equally important and related, back in our Jan. 31 post.....and we talked about a "Trigger" recently too.......we're going to have to see where this goes, over the next few days......there is a strategy, that's of course hidden, and it definitely involves, the economics & currency movements of Iraq and others. Don't put much stock in this "Bond" thing, introduced this weekend......fyi

If we know anything meaningful, that's "REAL NEWS", we'll share it. Otherwise.....

"Standby" in Positive Expectation, and watch "The STORM" for now. It's Beautiful.

SPRINGTIME, is full of Brand New Beginnings......

Wish we had more, but the information is just not "REAL" enough....YET....or should we say, "ILLOGICAL ENOUGH", Yet. Right now, it's like a Whirlwind, a Cyclone, a Tornado......on steroids......truly.

What is REAL, is that we've put ALL DATES & TIMELINES OFF THE TABLE NOW. IT'S A BRAND NEW BALL GAME, FRIENDS.

There's a LOT MORE TO COME, before Anything meaningful moves & is clear.......ALL in our Opinion, View, Speculation and Guess-timates.......for those keeping track.

Friends, We'll be HERE. Be Well,
Dr. Clarke

BACKDOC UPDATE, 27 FEB

BACKDOC:  WE ALL KNOW WE ARE NOT RETURNING TO A GOLD STANDARD AS PER THE IMF, BUT AN ASSET-BACKED (GOLD, BLACK GOLD, AND OTHER QUALIFYING ASSETS)

CURRENCIES ARE BEGINNING TO RISE OUT OF THE ASHES OF THE NON BACKED CURRENCY WORLD.  

SOME OF THESE ASSET BACKED CURRENCIES WILL LIKELY BE 100% BACKED BY GOLD AS IS POSSIBLE WITH THE NEW DOLLAR!
 
YES WE ARE RETURNING TO A MODERNIZED GOLD STANDARD, IT'S CALLED THE NEW ASSET-BACKED DIGITAL DOLLAR! HEE HEE   DOC   IMO

Thunderhawk:   THE NEW DOLLAR AND TRUMP - WOW!!!!

Backdoc Alert

President Trump: Replace The Dollar With Gold As The Global Currency To Make America Great Again

Inside President Trump’s otherwise “standard Trump stump speech” at CPAC was nestled what might be a most intriguing observation:

Global cooperation, dealing with other countries, getting along with other countries is good, it’s very important. But there is no such thing as a global anthem, a global currency or a global flag. This is the United States of America that I’m representing.

There's a keen insight in there that could, just maybe, transform our lives, America, and the world. No "global currency?" Was this, with the poetic observation that “there is no such thing as a global anthem…or a global flag,” just a trope? Or could it contain a political portent with potential high impact on world financial markets? Let’s drill down.
As it happens, there is a global currency.

It’s called the "U.S. dollar.”

Most international trade is priced in dollars. The Bretton Woods international monetary system invested the dollar, which then was defined as and (internationally) was legally convertible to gold at $35/oz, with global currency status. France’s then-finance minister, later its president, Valéry Giscard d'Estaing, called the “reserve currency” status of the dollar -- its status, along with gold, as global currency -- an “exorbitant privilege.”

By this d'Estaing was alluding to the fact, as summarized at Wikipedia, that "As American economist Barry Eichengreen summarized: 'It costs only a few cents for the Bureau of Engraving and Printing to produce a $100 bill, but other countries had to pony up $100 of actual goods in order to obtain one.'" That privilege, which made great sense during the period immediately after World War II, became a curse.

In 1971 President Nixon, under the influence of his Svengali-like Treasury Secretary John Connally, "suspend[ed] temporarily the convertibility of the dollar into gold." That closure proved durable instead of temporary. The dollar became, and remains, the world's global currency.

What had been an “exorbitant privilege” devolved into an exorbitant liability. As my former professional colleague John D. Mueller, of the Ethics and Public Policy Center, formerly Rep. Jack Kemp's chief economist, writing in the Wall Street Journal in Trump's Real Trade Problem Is Money recently and astutely observed:

a monetary system based on a reserve currency is unsustainable, since foreign official dollar reserves (for example) are acquired and must be repaid in goods. In other words, the increase in official dollar reserves equals the net exports of the rest of the world, which means it must also equal U.S. international payments deficits—an unsustainable situation.

In other words, if President Trump wishes to address America’s merchandise trade deficit (balanced to perfection, of course, by a capital accounts surplus) he will find that allowing the dollar to be used as the global currency is the real snake in the economic woodpile. The dollar’s burden as the international reserve currency, not currency manipulation by our trading partners or bad treaties, is the true villain in the ongoing melodrama of crummy job creation.

Mueller’s Wall Street Journal column enumerates the three options open to President Trump:
First, muddle along under the current “dollar standard,” a position supported by resigned foreigners and some nostalgic Americans—among them Bryan Riley and William Wilson at the Heritage Foundation, and James Pethokoukis at the American Enterprise Institute.

Second, turn the International Monetary Fund into a world central bank issuing paper (e.g., special drawing rights) reserves—as proposed in 1943 by Keynes, since the 1960s by Robert A. Mundell, and in 2009 by Zhou Xiaochuan, governor of the People’s Bank of China. Drawbacks: This kind of standard is highly political and the allocation of special drawing rights essentially arbitrary, since the IMF produces no goods.

Third, adopt a modernized international gold standard, as proposed in the 1960s by Rueff and in 1984 by his protégé Lewis E. Lehrman …and then-Rep. Jack Kemp.

To “muddle along” would, of course, be entirely antithetical to Trump’s promise to Make America Great Again. It would destroy his crucial commitment to get the economy growing at 3%+ -- vastly faster than it has for the past 17 years -- which also happens to be the recipe for robust job creation and upward income mobility for workers. It also is the essential ingredient for balancing the federal budget while rebuilding our infrastructure and military.

To turn the IMF into a world central bank would, of course, be anathema to Trump’s economic nationalism. To subordinate the dollar to the IMF’s SDR would be equivalent to lowering Old Glory and replacing the American flag with the flag of the United Nations on every flagpole in America. Unthinkable under a Trump administration.

That leaves the third option, to “adopt a modernized international gold standard, as proposed in the 1960s by Rueff and in 1984 by his protégé Lewis E. Lehrman … and then-Rep. Jack Kemp” (whose eponymous foundation I advise). To this one should add, as Forbes.com contributor Nathan Lewis has shrewdly observed, the removal of tax and regulatory barriers to the use of gold as currency.

As I have repeatedly observed Donald Trump shows a strong affinity for gold. He has also shown a keen intuitive grasp of how the gold standard was crucial to having made America great:

Donald Trump: “We used to have a very, very solid country because it was based on a gold standard,” he told WMUR television in New Hampshire in March last year. But he said it would be tough to bring it back because “we don’t have the gold. Other places have the gold.”

Trump’s comment to GQ: "Bringing back the gold standard would be very hard to do, but boy, would it be wonderful. We’d have a standard on which to base our money."

Trump has been misled to believe that “we don’t have the gold. Other places have the gold.” In fact, the United States, Germany, and the IMF together have about as much gold as the rest of the world combined and America has well more than Germany and the IMF combined. [Note: This column has been updated to clarify that the United States has well more gold than Germany and the IMF combined but not, as originally stated, more than twice as much.]

We have the gold. Bringing back the gold standard would not be very hard to do.

https://www.forbes.com/sites/ralphbenko/2017/02/25/president-trump-replace-the-dollar-with-gold-as-the-global-currency-to-make-america-great-again/#57622cd4d543

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

BACKDOC:  I LIKE THE FACT THAT THEY SAY CHINA WILL BE ONE OF THE FIRST TO COME ON LINE.  FORTUNATELY THE DOLLAR IS FIRST.  AMAZING THAT THE SWIFT IS ALREADY HOOKED UP TO 60 COUNTRIES AND WE ARE JUST BEGINNING TO SEE THE ADMISSION OF THIS.  MARCH IS GOING TO BE CRAZY IN THIS ARENA! DOC  IMO

Thunderhawk:  'Bityuan' Won't Kill China's Banks. Yet

Now it's becoming clear that China's central bank will be one of the first to issue a digital currency, it's legitimate to ask if "bityuan" will send the country's banking system over the edge. The short answer: Not just yet.An initial version of bityuan will probably be a tame affair.

https://www.bloomberg.com/gadfly/articles/2017-02-26/-bityuan-won-t-push-china-s-banks-over-a-cliff-yet 
BACKDOC:  BETTER SPEED, EFFICIENCY, AND SECURITY, ARE ALL OF THE AMAZING BENEFITS INDIA HAS DISCOVERED.   WITH MORE AND MORE COUNTRIES MOVING TOWARD THE DIGITAL REVOLUTION, THE LEADER OF THE PACK IS ABOUT TO STAND UP AND BE COUNTED!  THE REFERENCE OF VALUE (THE ASSET-BACKED DIGITAL DOLLAR) SHOULD BE ANNOUNCED NOW!  WILL HIS JOINT SESSION OF CONGRESS  SPEECH BREAK THE ICE?  MMMM    DOC   IMO

Thunderhawk:  DIGITAL INDIA. WE TOLD YA SO !!!!!

Backdoc Alert

A Billion Identities at Risk as India Goes Cashless

“It seemed like a fake identity was made up using my e-mail to corner government benefits,” he said. “Or it could’ve been a mistake. But I’m sure no one wants all his personal information leaked to strangers. And this is happening at a time when the government wants a cashless, digital India.”

Aadhaar is getting more attention: Modi, who scrapped 86 percent of India’s currency in early November to curb the illegal hoarding of cash, has urged citizens to enroll. With a 12-digit number assigned to users, Aadhaar is key to Modi’s plan to move transactions online. He wants to make it compulsory.

Saving Money

Modi opposed Aadhaar before coming to power, saying it violated national security and the privacy of citizens. Now, Aadhaar has become part of his push for cashless transactions in a nation where a quarter of the people can’t read or write but a third own phones that can be used for online transactions.

The direct transfer of state benefits through Aadhaar-based services has helped India save $5 billion, Information Technology Minister Ravi Shankar Prasad said in November. Modi’s office didn’t respond to calls seeking comment.

The database has multiple layers of technology and hasn’t received any complaint about security, said UIDAI Chief Executive Officer Ajay Bhushan Pandey. Still, there is a need to monitor private databases created with Aadhaar data, he said.

More than 46 million people have joined the program since Modi’s cash ban. Aadhaar is now a requirement for state recruitment, and the Reserve Bank of India allows the use of Aadhaar to verify customers for new accounts. The Aadhaar-enabled payment system is linked to 119 banks with 338.7 million recorded transactions, Prasad said Jan. 27.

https://www.bloomberg.com/politics/articles/2017-02-26/a-billion-india-identities-at-risk-as-modi-widens-digital-reach