,
DINARESGURUS.BLOGSPOT.COM_________________ _______

Monday, January 14, 2019

KTFA : NEWS UPDATE, 14 JAN

KTFA:

Sheila1:  Welcome to Iraq Finance 2019

Iraq is open for business and 2019 will be a decisive year for the country as its new government begins to kick-start huge infrastructure projects. This process promises to open up a vast range of financing opportunities.

Significant investments are needed in to rebuild the badly damaged infrastructure of the country.

Long-awaited structural and administrative reforms are being implemented, revealing the immense investment potential in an economy poised for expansion. Iraq’s new government is committed to continuing this ambitious path by building on hard won improvements in security and promoting transparency in the economy, and at all levels of government.
​Iraq is opening up for privatisation and is offering improved opportunities for foreign direct investment across the whole economy. The aim is to curtail the country’s dependence on oil revenues. Iraq is seeking new partnerships to fund multi-billion-dollar O&G, electricity and transportation projects as well as to address urgent fiscal and administrative reform issues. In particular, the country is seeking international partners to modernise its financial services infrastructure.

Connecting Iraq with global decision-makers, Iraq Finance 2019 is an event too important to miss. Under the Patronage of the Governor of the Central Bank of Iraq, Iraq Finance 2019 will gather key Iraqi officials, over 200 international investors, global corporate leaders, bankers, financial and legal professionals, as well as the most influential personalities on the banking sector in the region, in a unique and focused event.

http://iraqfinanceevent.com/://iraqfinanceevent.com/

Don961:  3 of the 6 graphics scrolling on the top of the opening page display images on various currency notes ...

Moparman:  IMO, this says it all. The long wait is just about over.

BlaqueBeauty:    Is this an Art8 announcement................just hoping BIG .......

Iobey777:  IMO, no, but ...it might as well be!! IMO, we will see some kind of "official" announcement from the GOI, hopefully(prayerfully) long before this meeting!!

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

Sunkissed:  Because of the article in which Iraq was complaining about being "pegged" to a basket of currencies and to the any currency of lower value than the IQD, and the economists concern that being pegged would adversely influence the value of the IQD, I thought it may be helpful to post the definitions of the different types of listings in Forex

Exchange Rates.

Managed Float

A Floating Exchange Rate in which a government intervenes at some frequency to change the direction of the float by buying or selling currencies. Often, the local government makes this intervention, but this is not always the case. For example, in 1994, the American government bought large quantities of Mexican pesos to stop the rapid loss of the peso's value.

Strictly speaking, even a central bank's intervention to raise or lower interest rates could be considered a managed float. However, because most floating currencies manage their regimes with occasional central bank involvement, the term applies mainly to frequent or dramatic interventions, which is often referred to as a dirty float.
Free Floating Exchange Rate  (Also called Flexible Exchange Rate)
The exchange rate in which the value of the currency is determined by the free market. That is, a currency has a floating exchange rate when its value changes constantly depending on the supply and demand for that currency, as well as the amount of the currency held in foreign reserves. An advantage to a floating exchange rate is that it tends to be more economically efficient. However, floating exchange rates tend to be more volatile depending on the particular currency. A currency with a floating exchange rate may undergo currency appreciation or currency depreciation, depending on market fluctuations (often referred to upward and downward pressure)

An exchange rate between two currencies that is allowed to fluctuate with the market forces of supply and demand. Floating exchange rates tend to result in uncertainty as to the future rate at which currencies will exchange. This uncertainty is responsible for the increased popularity of forward, futures, and option contracts on foreign currencies.

Fixed Exchange Rate (Also known as Pegged Exchange Rate)

An exchange rate for a currency where the government has decided to link the value to another currency or to some valuable commodity like gold. For example, under the Bretton Woods System, most world currencies fixed themselves to the USD which in turn had fixed itself to gold.

A government may fix its currency by holding reserves of the peg (or the asset to which it is fixed; when the USD was gold-backed it was pegged to the price of gold) in the US Treasury. For example, if a country fixes its currency to the British Pound, it must hold enough pounds in reserve to account for all of its currency in circulation. Importantly, fixed exchange rates do not change according to market conditions.

Dual Exchange Rate

A situation in which a currency has two official exchange rates: one pegged to another currency and the other is Free Floating. Each is used for different things. The exchange rate for money used for sectors seen as essential, such as food, is fixed, while "non-essential" sectors are allowed to float. A dual exchange rate allows a country to endure a devaluation its currency to reflect its current market realities without the risk of high inflation that usually accompanies severe devaluation.

Critics allege that a dual exchange rate mechanism is less efficient and acts as a tariff on the government.

The advantages of dual exchange systems are tied primarily to their ability to prevent capital movements from affecting the current account and the exchange rate for current transactions by separating the exchange market for capital transactions and the exchange market for current transactions.

Is Iraq using a Dual Exchange Rate now (On the wholesale Forex Platform)?

If so, in the short-run, it insulates the balance of payments from short-term capital movements while providing exchange rate stability for commercial transactions.

This mechanism cannot be sustained for the long-haul, because it is expensive to maintain and has too much exposure in the black market.

~ Sunkissed

Restored Republic via a GCR: Update as of Jan. 14 2019

Compiled 14 Jan. 12:01 am EST by Judy Byington

Below is a summary of information from the Internet. It would be up to the individual reader to do their own research and decide whether or not it was valid. A Special Thank You to Martha for her untiring research efforts in discerning the Truth and to Ken who uncovers unlimited intel on pedophiles to help us Save the Children.

Patience is a Virtue. Having Virtue is a sign of a good moral being. Good moral beings have the power to overcome evil and change the world.


Judy Note: It was my opinion that we could expect the RV during a world economic crises around the beginning of the Julian Calendar Mon. Jan. 14, followed by a National Emergency declaration (Martial Law) due to the ongoing crises of:

(1) A Stock Market crash that began Oct. 1 2018;
....
(2) The 2008 US Inc. bankruptcy that has been functioning in fiat US dollars ever since;

(3) The longest government shutdown in history that began Dec. 21 2018 in order to transition into the new financial system;

(4) Ongoing arrests, trials and Military Tribunals that began on Jan. 2 2019 on over 71,000 indictments naming political and global elites;

(5) An ongoing invasion by terrorists and criminals at the US Border which Congress has yet to address. Operation Gladio was a nationwide secret army of foreign mercenaries, criminals, terrorists and other-soldier-of-fortune wannabes, likely funded by the Left and George Soros, who used the open borders to sneak across terrorist cells to carry out False Flag terrorist attacks. Also suspected funded by the Left and George Soros, Terrorist Alfonso Ulloa was organizing 15,000+ Hondurans and thousands of Mexicans who planned to force their way into the US illegally around Jan. 16 – another reason for Trump to immediately declare Martial Law.

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

Where we think we are as of Jan. 14 2019:

A. Timeline:

Dec. 21: The beginning of a government shutdown designed to expose the Deep State was due to a US Inc. bankruptcy and need for the nation to transition to the new asset-backed system. To handle the crisis President Trump would remain at the White House during the shutdown and until the financial transition was completed.

Jan. 2: Military Tribunals were believed to have begun.

Jan. 10: With most countries in bankruptcy, a debt reset process began. HSBC was made liquid and given the green light for Zim redemption. Since then Tier 3 and Tier 4 Group A have been paid out.

Jan. 13: an unexpected unknown, devastating event was reported set to begin in Asia.

Jan. 14: The beginning of a series of global economic events, while at any time Tier 4 Group B (us, the Internet Group) could begin redeeming, meaning both Zim and currency holders could be contacted by phone, email or emergency text, (Bruce said 800#s). In the first round certain people would be notified and given info on how to proceed, next would be those who purchased Zim online, and then other currency holders.

Jan. 15: By early Tues. Jan. 15 the Stock Market was expected to plunge to 2008 levels, while there may be a Bretix vote.

Jan. 16: Terrorist Alfonso Ulloa was organizing 15,000+ Hondurans and thousands of Mexicans who planned to force their way into the US illegally around Jan. 16, joining Operation Gladio - a nationwide secret army of foreign mercenaries, criminals, terrorists and other-soldier-of-fortune wannabes believed organized and paid for by the Left and George Soros – another reason for Trump to immediately declare Martial Law.

Jan. 18 2019 5:15 military time: An attack would start according to a decode of a 2007 Simpson movie: https://www.youtube.com/watch?v=g_b4KtK177g

Jan. 20: Between Jan. 20 and before the Jan. 29 State of Union Speech there was predicted to be a Black Swan event which would destroy the Cabal financial system centered in London.

Jan. 22-25: The general public could begin exchanges upon announcement of the Global Currency Reset at the Global Economic Conference in Davos, Switzerland. To follow soon would be GESARA Law for conforming nations such as the US and Canada, while the UK, Iran, Greece, Venezuela, Lebanon, Congo and Gabon were not yet ready.

B. Jan. 13 2019 8:57 am EST Intel Alert: Operation Disclosure: GCR/RV Intel Alert for January 13, 2019 Operation Disclosure

(Disclaimer: The following is an overview of the current situation based on intelligence leaks received from several sources which may or may not be accurate. Other confirmed sources may also be included in this overview.)

1. Very significant events were expected to occur this month which would pave the way for the financial reset.

2. The current back wall date for the RV was the same as the date for Davos, Jan. 22-25.
The need for a 'financial reset' would be discussed at Davos.

3. The heat was ramping up as the government shutdown continued and the possibility of declaring a national emergency was on the table.

4. The RV was on the precipice of occurring as sources claimed it could begin as soon as Trump declared a national emergency. However, if a deal was made prior then the RV would occur under different circumstances, but still prior to Davos.

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

C. Jan. 13 2019 Tilton: http://dinaresgurus.blogspot.com/2019/01/philip-tilton-update-13-jan.html?m=1 It was rumored that for the last 72 hours Letters of Approval have been going to core groups. Numbers on Mon. Jan. 14.

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

D. Jan. 11 2019 Deep State Power (video), Ron Paul: (Video) Ron Paul -- Deep State: ‘More Powerful than Presidents’ Rick Sanchez and former congressman Dr. Ron Paul report on the “Deep State” combination of big media, political establishments and military and corporate interests whose power exceeds that of the President. Michele Greenstein explains how these interests undermine democratic governments for the sake of profit.
E. Jan. 13 2019 Trump Just Crippled the Global Banking Cartel. Is the Fed Next?

https://inteldinarchronicles.blogspot.com/2019/01/trump-just-crippled-global-banking.html?m=1

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

F. Jan. 13 2019 The Collective videos, Anonymous:

https://www.youtube.com/watch?v=tRZebB-rKfs – Jan. 13 2019 - 1st The Collective video POTUS in control, REX 84, Martial Law 800 FEMA camps across the country for potential terrorists

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

G. Jan. 13 2019 2nd The Collective video (became active at 9 pm EST Jan. 13):https://www.youtube.com/watch?v=qGTQAh01Rpo Executive Orders that have been signed, the New World Order and The Plan - Ends with “additional information would come out over the next 12 hours.”

RAYRAT TIDBIT, 14 JAN

Iraq TV is reporting to the citizens they are “not seeing an end in sight” regarding the differences in the chosen names for cabinet seats and that this is causing damage to their government. Iraqi TV is reporting “no time table” for the completion of the cabinet voting. [Really? Is this a smoke screen…Time Will Tell!]

KTFA CHAT, 14 JAN

KTFA

Ol_Lar » January 13th, 2018

The revaluation of the Iraqi dinar is ready to be implemented by the country's Central Bank; however, the Parliamentary Economic and Investment Commission has decided to postpone the revaluation to 2019. 

The plan is to eliminate zeros from the value of the Iraqi currency, allowing the dinar to gain value on the global market.

With the anticipation of the Iraqi dinar revaluation, millions of dinars have been bought all over the world by investors. Those investors hope that the revaluation of the dinar will increase the value of the currency, which would make all of their dinars worth significantly more than when they bought them. However, the revaluation continues to get postponed and is set for 2019 as the country faces more pressing political issues. LINK

Frank26 » January 13th, 2018

WELL DONE OL LAR ………………………

DELTA » January 13th, 2018

THIS ARTICLE IS FROM 08/16/2017...…...2019 IT'S ………..GOOD JOB OL-LAR

David12001 » January 13th, 2018

Iraqi Dinar revaluation postponed by Central Bank for 5 years says MP Noura al-Bajari

by Amre Sarhan Oct 29, 2014, 11:54 pm

In an interview with IraqiNews.com al-Bajari said “The policy to delete zeros from the Iraqi currency is ready to be executed by the Central Bank, however, its implementation will be delayed by 5 years on the basis of the extreme security and political situation of the country.”

Al-Bajari said that the head of the Central Bank of Iraq had previously said that this policy from parliament was accepted and that the zeros will be deleted from the Iraqi currency in the next 5 years.

https://www.iraqinews.com/features/iraqi-dinars-project-postponed-5-years-says-central-bank/

Jay » January 13th, 2018

When you read both of these and think of where we are, 2019 looks good IMO.

MilitiaMan » January 13th, 2018

Good deal.. WS told us back years ago that the process on the second set of books takes time. I believe there is data to support that from the imf. Didn’t WS suggest that time of the four year process to be 01/01/2018? I think so. So if that is the case which, I believe to be supportive being his track record is very good. The. One more year equates to ? Any time now! Imo - MM

Iggy » January 13th, 2018

5years ago we scoffed (called it smoke) at the article that said we would be waiting 5 more years...time flys while learning but, here we are...GET READY!!!

Don961 » January 13th, 2018

Rafidain Bank renews its call to the official departments to settle salaries

BAGHDAD - The Rafidain Bank on Saturday renewed its call to ministries and state departments to settle the salaries of its employees at the bank and to benefit from the financial facilities provided by the bank.

"The process of settling the salaries of state employees is through the issuance of electronic payment tools through which the employee is given his salary electronically away from the paper deal," he said, adding that "this step benefits the employee through which the banking facilities are made." Finished link

Samson » January 13th, 2018

Parliamentary finance seeks to stop external borrowing in the budget of 2019

13th January2019

The Finance Committee in the House of Representatives, on Sunday, sought to stop foreign borrowing in the budget of 2019, and avoid dumping the Iraqi economy in the long and short term external debt. 

"We have a vision in the Finance Committee that continuing the external borrowing in 2019 is a big mistake that will be paid for by future generations. There is no justification for borrowing about $ 5 billion," said Hoshyar Abdullah, a member of the committee.

Iraq has a good cash reserve, with other mechanisms that can be used as an alternative to borrowing, such as voluntary savings and revitalization of government banks by raising interest rates for individuals and companies, seeking to increase domestic production and restricting imports of locally available products, Of the solutions followed Such conditions are experienced by countries with economies similar to the Iraqi economy."

Abdullah explained that "long-term and short-term foreign loans have high benefits, and what was borrowed during the previous years is a serious strategic error," stressing that "the suspension of foreign loans in 2019 is a national step requires the support and support of the House of Representatives." LINK 

KBC123 » January 13th, 2018

Well now, wouldn't an RI, followed by an RV, followed by an increase in the price of oil just "fit the bill"???? (smile)

Samson » January 13th, 2018

27 trillion dinars Iraqi budget deficit

13th January, 2019

Iraqi Parliamentary Financial Commission announced that the deficit in the national budget will reach 27 trillion dinars, according to calculating oil prices at 56 dollars. Member of the Commission Siham al-Uqaili pointed that it is possible that this figure will be decreased if the oil prices were increased this year.

She added that 2019 budget included paying some debts made by the previous governments from international banks. LINK

Don961 » January 13th, 2018

Re-opening the oldest street in Baghdad after being closed for 15 years

BAGHDAD (Reuters) - The Iraqi secretariat announced on Saturday the lifting of concrete barriers and the opening of the alley adjacent to the central bank in central Baghdad, one of the oldest streets and alleys of Baghdad

The Secretariat added that "the lifting of the road and the opening of the alley adjacent to the Central Bank and to Khan Murjan and Al-Samawal Street within Rasheed Street," pointing to "a campaign to raise the waste collected as a result of the closure of the alley since 2003." Finished link

Samson » January 13th, 2018

Zobaie: Halabousi is unable to form commissions and arrest warrants for senior officials

2019/1/12 23:42 

MP from the Alliance for Reform and Reconstruction Talal Khudair Zobaie, that the Speaker of the House of Representatives Mohamed Halbusi "unable to form parliamentary committees," while revealing in numbers the number of arrest warrants for senior officials.

Al-Zobaie told the Euphrates (Euphrates) that "delaying the formation of parliamentary committees beats a very dangerous bell because the ability of the Presidency of the Council of Representatives to form committees, so that the President of the Council Mohammed Halbusi tries to arrange the committees in the way he wants." 

"Any former minister can not be the head of any parliamentary committee. We want to build a state of institutions and any delay in any subject where bargaining takes place," he said. "Khalafi is not personally with Halaboussi in the way he came and we have reservations about Halabousi." 

"We have handed over all files of integrity to corruption to the judiciary and the prosecutor, so that 18 ministers and the degree of minister of arrest warrants and 7 agents and now 4 degree minister in prison and directors 267 general manager." 

He added that "there are leaks on the nomination of Ali al-Saghri to assume the functions of the Presidency of the Integrity Committee, Ahmed Kanani of the Investment Committee and Reipower to the Foreign Affairs Committee and Qutaiba Jubouri to the Health Committee," He said that "information confirms that the section of the names seized and signatures of Maliki and Amiri and dagger them Ali al-Sijeri candidate for the presidency of the Integrity Committee , But we objected to the need to rearrange the committees and be two sections for construction and repair." 

He added that "the reform nominated Sabah al-Saadi as the head of the Integrity Commission and I expect that from outside these people to head the Integrity Commission and there are deputies have a high efficiency deserve the position and that the Presidency of the Integrity Committee will be in accordance with the vision of the building and so far did not resolve the final committees and asked to rearrange them because they arranged in a deception." LINK

Go down AdminBill - Are We There Yet?, 14 JAN

Are we there yet? Obviously not. When then? International political, financial and social instability is worsening and is not being reported. Why? GCR/RV now? NO. Change 1st. When then? When politics & banking serves the citizens. Not the reverse. GCR/RV:WWG1WGA