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DINARESGURUS.BLOGSPOT.COM_________________ _______

Sunday, May 5, 2019

DINARLAND HIGHLIGHTS, 5 MAY


MilitiaMan (KTFA)


"Alak has been promoted to Vice President of current session and the President of the AMF in the next session to follow."

Alak is not bringing a program rate to the head of the class at the AMF [Arab Monetary Fund] , imo period...
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RayRen98 (TNT)

...on Iraq tv they are reporting that all citizens will have their purchasing power before June and that is a correct statement Mandi saying Iraq moving in a positive manner.
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Mountain Goat

...there is NO sound or reasonable evidence that the Iraqi dinar will or can RV anytime soon.

...the window of opportunity quickly closed at the end of March 2019 as it did in 2018. This happened when the government had the CBI send out the electronic payment files and paid out at the old 1180 rate both times. The only window we now know is for January 2020. Could this change? Yes, it could but there is no sign or evidence it has or will.

...The banks DO NOT control the RV. The US Treasury DO NOT control the RV. The initiation must come from the CBI. An indication to us that they have done so will come from the “project to delete the zeros”. This [is] now on hold again and we wait...Does the US have some impact? Yes, the US does have a say in the approval cycle once the CBI is ready. So now April is gone and we will see what May brings us. Remember April showers brings May flowers so we wait and see…lol. We know something has to break soon and so will it happen in May or will this be strung out all the way until 2020?

Next parliamentary session is scheduled for [today], Saturday. No announcements that they will vote on the remaining ministers.

TNT: " A FEW SOURCES", 5 MAY

TNT

Fullsail:

Positive IS what Positive does. A lot to be thankful for everyday as we move closer to our goals, once this rv's, I am pretty sure we will all be laughing all the way to the bank and back from the bank, and all this waiting and preparing will have been worth it times a million. Blessings to All here who can continue to help encourage others along this once in a lifetime journey.

JSL:
Probably none of you have heard, but what happened to all the Lower Denoms that were suppose to be in circulation a couple weeks back in Iraq? Also all the Bank machines loaded with Lower denom s? Did it happen? are we in a Black out to the revalue in Iraq?

AlLonghorn:
JSL I have a few sources and right now they have all been told to shut up talking. It is as quiet as a church yard graveyard late at night.

JSL:
Alonghorn Well it seems to fit what your saying because last month I was never built up as much as we were here to the fact we are at the front door. Then suddenly for 2 weeks n Nothing! So I hope this is a good point to be at today

Tishwash:
yet another person calling for Zimbabwe to use their own money ...

‘Local Zimbabwe currency long overdue’ – Analysts

HARARE – The current uptake of about 85 percent in transactions using the local RTGS systems is a clear sign Zimbabwe is now nearing the stage where it might be convenient to introduce a new local currency.

Economic analysts say conditions are now favourable for the re-introduction of a local currency, which will ensure a real and practical gauge of economic performance.

The observers further argue that the country can no longer continue relying on a multi-currency regime, which has, in recent times, triggered economic distortions.

The basket of currencies was adopted in 2009 after the country had gone through a phase of economic decline.

Speaking at a currency reforms breakfast meeting hosted by the Business Economic Empowerment Forum in the capital, economist Mr Persistent Gwanyanya said authorities need to push for a “good-bye” to the multi-currency system.

“The foreign currency, in the country, should be channelled towards other priority areas so that we industrialise,” he said.

“The best way to go is to use our own currency, which is the trend all over the world. If we look at strides that have been made in the fiscal front, conditions are ripe for our own currency.”

Mr Gwanyanya added that, last year, Zimbabwe generated US$6,2 billion, which was the highest in history.

He also said a record US$4,2 billion, in exports, was recorded in 2018.

“When we adopt a local currency, the available foreign currency will be channelled towards importation of goods and other developmental projects,” explained Mr Gwanyanya.

“We already have a pseudo local currency in the form of RTGS and the only way that money can work is through complete abandonment of other currencies.

“The difference between now and the difficult period around 2008 is that, currently, the pseudo local currency is on demand in the economy as 85 percent of local transactions are in RTGS and this is the right condition needed to support a new currency.”

Mr Gwanyanya added that instilling confidence and fiscal discipline was key in the introduction of the new currency.

On the adoption of the rand Mr Gwanyanya said while South Africa was Zimbabwe’s biggest trading partner, the revenue inflows were in United States dolars.

“More than 85 percent of our exports come from five commodities which are gold, tobacco, platinum, chrome and diamond,” he said.

“These are marketed mainly through South Africa, but eventually the ultimate takers are outside South Africa and the payments are in US dollars.”

Another economic analysts Mr Eddie Cross also said pointers were that it was not feasible to adopt the Rand.

“Any discussion on the Rand, as means for primary exchange in Zimbabwe, is really that majority of our people have rejected it,” he said.

“We notice that the Rand is used commonly in Matabeleland because of the large population of Zimbabweans from that side who are in South Africa.

“To be accepted in the Rand Union, there are also some conditions to be met and our economic fundamentals are far adrift from those conditions.”

Addressing Zimbabwe-South Africa Bi-national Cooperation in Harare in March, Finance and Economic Development Minister, Professor Mthuli Ncube said it was not necessary to opt into the Rand Union as modalities for a local currency had been put in place. link


TNT UPDATE, 5 MAY

TNT


Saturday UPDATE for May 4, 2019 


Posted by RayRen98


Friday -

Citizens were being told that their purchasing power (value of their currency) will increase before June. PM Mahdi is stating that Iraqis moving in a positive direction.

Saturday -

PM Mahdi has returned to Baghdad from his European trip. [Reminder: Last Wednesday Iraqi TV was broadcasting that the cabinet selections will be concluded upon Mahdi's return from his European trip.]

Some US Banks have staff on alert over the weekend.

Iraqi TV reports that PM Mahdi asserts sending names for the last 4 cabinet positions, yet Parliament claims to have not received such names. Parliament is claiming to be faultless for the cabinet not being completed today.

Iraq has opened more of its "closed for several years" streets, but not all have been opened yet.

Late evening reports are coming in of some Kurdistan contractors being paid at a new, and improved currency rate? Time Will Tell

RECAP: "Confirmations" - MarkZ Intel Update, 5 MZY

They received their package, any news?

MZ: To start with we do have confirmations of package deliveries last night, one out of Texas and 2 out of Florida. Their NDA does allow them to say they got the package but not what is in it. This is comforting in that they cannot hide package deliveries from us. I believe this was another test

MZ: One of my SKR contacts was told he would have full liquidity of his money on Monday morning. So since it will just be in his account Monday he packed up and headed home. We hope to check in with other SKR people this afternoon to find out more. 

MZ: So sounds like the can was kicked again until Monday. It's still early, but that is what my gut is telling me right now. They may follow the Mayheu plan for mass deliveries on Sunday and banking appointments starting on Monday.

MZ: So not really bad news. It's just we are all sick of that can.

Member: That can needs to be kicked to the goal!

Member: We need Lucy to grab the can before anyone can kick it.

Q: When do you think you will get your package Mark?

MZ: My gut says “Sunday”.

Member: It would be easy to really get annoyed with this news. Let's make a real EXTRA effort to keep our vibrations HIGH to support the energy to bring it in on Monday!!

Member: Yes, it is a good thing. They are in Reno until this goes through. Since the man was told he would have access to his money from his bank on Monday, there was no reason for him to stay.

MZ: Many people with military connections are still expecting it this afternoon.

Member: Mark there is a holiday in Europe on Monday so Banks will be closed.

Member: Bank Holiday means double pay.

MZ: I was told holidays don’t matter, and they will still bring people in to exchange.

Q: Any news from Iraqi Contacts?

MZ: IRAQI NEWS: I was told from a contact in Iraq that their part is done, everything handed to IMF, and they are waiting for the new rate. I have seen no proof they have started exchanging in Iraq.

Q: Any thought on what is holding it up?

MZ: I know whatever happened in England threw them a curve yesterday. I don’t know if anything is holding it up though. I think we are in the window waiting for our turn to go in.

Eagleone2025: MILITARY ARE ON STANDBY. THEY ARE WAITING FOR ANY MOMENT. GEN JOE DUNFORD WAS SLOTTED FOR THE SPOT TO LEAD OPERATION AMERICA WHEN MARSHAL LAW IS IN PLACE. THAT IS ON HOLD FOR TRUMP TO PLACE EVERYTHING IN ORDER.

MZ We have been told in the past that we needed Marshall Law when this happens as there may be market unrest as the fiat system dies or that the black hats would try to create unrest.

Eagleone2025: YES, THE CHANGE ON MARSHAL ORDER HAS TAKEN A WHOLE DIFFERENT LOOK MEANING FROM ONE PRESIDENT TO NEXT ARE BOTH GOOD AND BAD.

Member: Hyperinflation could create chaos thus Martial Law instilled for a short time.

Q: Are banks still seeing rates on their screens?

nflemingjr: ALL THE RATES ARE OFF THE SCREENS. THEY ARE ONLY ON THE BACK SCREENS. THE RATES ARE STILL LOCKED IN BUT JUST NOT BE SEEN.

Q: nfleming, what does that mean?

nflemingjr: ON THE TRADING SCREENS.

Member: Ramadan starts sundown May 5th.

MZ: That’s the one I’m watching. I know they wanted this done before Ramadan. We will be watching the Middle East all weekend for sure.

Q: Any news on the IQD trading in China? We heard from our friend Bruce that it started trading Thursday, but we know how that info goes.

Member: Bruce: We are just about in celebration mode folks. It is almost time to celebrate. Bruce to say to everybody for tonight. Bruce is told not to go into rates but has a little intel. The Iraq Dinar was trading last night and now off screen as the trading needed to be done for the Dinar. We know that CMKX packets were delivered and 29 states were also completed. The group out west is to be paid tonight. Trump has signed off and IMF has signed off as well. The clean up that was causing the hold up.

Q: Any news on the IQD trading in HK?

nflemingjr: I TRIED TO EXPLAIN THE OTHER DAY THAT THE IQD HAD TO TRADE FOR 24 HOURS IN HONG KONG AND AFTER THAT THE LIQUIDITY WILL BE FINAL.

Q: nflemingjr, when is the 24 hours over?

nflemingjr: FROM WHAT I HAVE BEEN TOLD STARTED LAST NIGHT.

Q: Mark, will there be a flat tax system in place after the RV/GCR goes?

MZ: I am told we are going to a flat tax system. I am told House Bill 25 is sitting in committee waiting for approval. It takes no time to do this. It is sitting at the senate level, and I am told it will be passed as soon as we get our reset.

Member: Flat tax system will NOT take effect until HR25 is passed through Congress for Trump's signature.

Eagleone2025: 17 % TAX IS WHAT THEY SAYING.

Member: Flat tax is supposed to be a sales tax on new items only, not including essentials. Buy a used car or house? No tax

Eagleone2025: WHEN THE GCR HAPPENS THE IRS TAX SYSTEM AND 7,000 PAGES ARE GONE.

Member: Your state sales taxes will cease. All taxes will cease. You will have one flat national tax at 23% on new items only but not essentials.

Member: Value-Added Tax - VAT Definition - Investopedia 
https://www.investopedia.com/terms/v/valueaddedtax.asp 
Apr 24, 2019 - A value-added tax (VAT) is a consumption tax placed on a product whenever value is added at each stage of the supply chain, from production to the point of sale. The amount of VAT that the user pays is on the cost of the product, less any of the costs of materials used in the product that have already been taxed.

Member: HR-25: This bill imposes a national sales tax on the use or consumption in the United States of taxable property or services in lieu of the current income taxes, payroll taxes, and estate and gift taxes. The rate of the sales tax will be 23% in 2021, with adjustments to the rate in subsequent years. There are exemptions from the tax for used and intangible property; for property or services purchased for business, export, or investment purposes; and for state government functions.

Member: HR 25 ...
https://www.congress.gov/bill/116th-congress/house-bill/25/text?fbclid=IwAR1ZR0kTmRdbMc6u_qctK3xEUlp5u_q6fyn1gnmAxvZ2pCnPSZ3NDTrJ5oE#toc-HC67B65DBA78849BF97B65382FA76598C

MZ: Remember to always consult a professional with Tax questions. Half of what we pay in taxes goes to debts so when those debts are gone, our government will function on far less in taxes. IMO

Member: Abel Danger just posted he has an appointment. this afternoon to redeem his Zim.

MZ: I really hope he gets to keep it. Then we will know we are over the hump.

Member: If an old Marine may opine here. Listen to McConnell and MadDog here: https://youtu.be/8LDJdZitOoU Your education will be complete. NOT for tender ears. These are salty Marines (like me) Yes, these are the Abel Danger guys. What some call the Intel Cowboys / White Hats. MadDog and Dunford were classmates and joined the USMC together. McConnell and MadDog both Marine pilots/aviators. Per them the GCR commensed May 2 - 5.

Member: If you watch the Abel Danger from April 25, May 6 was the date to watch.

Q: Many people feel that the 800# will be HIDDEN from them and NOT given out for them to call for an appointment. Do you concur this is a possibility? MANY INDIVIDUALS do not belong to GROUPS.

MZ: I do not think the 800 numbers will be hidden. The banks want you to exchange with them. They need your liquidity. They need your currency, and they need you to make money so they make money.

Eagleone2025: SOME CALLS WENT INTO THE WHITE HOUSE FOR TRUMP TO ADD TO THE UK DEAL. IT IS NOT SETTLED YET. THEY ARE WORKING ON THAT TO SETTLE THEDEAL. HOPE FOR TODAY, AND THIS IS WHY MONDAY INTO NEXT WEEK. IT IS BEING WORKED OUT. UPDATE: THE 800# WILL COME OUT TO GET INTO THE BANK.

Q: @nflemingjr Exchange centers by Monday/Tuesday?

Nflemingjr: I STATED THAT IF IRAQ DID WHAT THEY WERE SUPPOSED TO DO ABOUT THE DINAR BEING TRADED, THEN IT WOULD BE A VERY BUSY NIGHT, AND I WAS TOLD THAT THE CMKX PACKAGES WOULD START BEING DELIVERED. I STARTED TO GET THAT INFORMATION THAT THE PACKAGES HAVE STARTED ACROSS 29 STATES.

Eagleone2025: MARK, SOURCE UPDATED ME ON THE WHITE HOUSE DEAL WITH UK. UK UPDATE IS IN THE WORKS. WH IS WORKING OUT THE DEAL WITH THEM.

Member: Thank you to all the mods and everyone helping Mark. You are the link tomorrow for all of us. I can't even get people who are paid to work as hard as you guys do. LOL

Member: This is what we are looking for MarkZ. 
https://www.zerohedge.com/news/2019-05-03/fed-has-lost-control-rates-technical-tweak-fails

MarkZ Friday Update: Highlights by PDK-Not Verbatum

MilitiaMan: "Laundry list of thoughts of mine why we are going to the Bank so very soon", 5 MAY

MilitiaMan:  Laundry list of thoughts of mine why we are going to the Bank so very soon, imo!

1) The Parliamentary Finance Committee is moving in the current legislative session to develop mechanisms to change the monetary policies in the country, in coordination with the Central Bank of Iraq, aimed at raising the dinar exchange rate and maintaining the stability of inflation." ~ March 20, 2019.. ""the change will raise the exchange rate of the Iraqi dinar against foreign currencies while maintaining the stability of inflation In the country"." 

2) Mahdi stated that before June he would increase purchase power for the citizens.

3) An article from the Basra Branch of the CBI, told us that they were to facilitate exchange trade with all groups of currency. The spoke of lower denominations and small category notes, and all groups!! 3) IRAQ TRADE BANK to be operational, as the first international bank of Iraq, in Riyad Saudi Arabia come mid May.

4) Alak has been promoted to Vice President of current session and the President of the AMF in the next session to follow.
5) Alak was recently in Erbil at a new Bank with what looks like him giving education on currency that has different coloring, etc.. They don't need education on old notes.

6) IMF at least twice has addressed their exchange rate to be in line with international standards. imo

7) IMF talking about changing the currency auctions or effectively ceasing them as we know them.

8) Article from the CBI talking about a unified Arab Currency!

9) ISX to be linking with the Nsadaq.

10) Financial Inclusion was a success to date..

Those are a few thoughts that come to mind.. Most all the items above have no validity while the IQD is at a program rate. I''l be watching the out come from Mahdi in France.. Mahdi and Abadi were involved in the Paris Club. So lets see if Mahdi brings home the kittens.. lol imo ~ MM

Iobey777:  Excellent!! I love the "fact" that Mahdi said he would change the rate before the end of this session!  Also, the other "fact" that they cannot operate an INTERNATIONAL Bank with a PR...they MUST change the rate BEFORE they open that bank in SA!! IMO! It's looking really good and I am with you MM in saying this is no longer a "speculative" investment!! IT'S HAPPENING....right before our eyes!!! IMO..

Oh...and I also love the fact that DELTA has said it's all over the Iraqi TV that they are about to change the rate!! IMO!! They know it's coming too!!

Popeye7:  Loved the list MM... Now lets throw in some extra strength TIDE with the storm that Frank mentioned for Sunday, along with Ramadan beginning on May 5th in Iraq, and we could very well have the makings of one of the more cleaner, and exciting weekends... IMO...

MilitiaMan:  Alak is not bringing a program rate to the head of the class at the AMF, imo period Amen!! - MM
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Pursuit:   MM DO YOU FEEL RAMADAN WILL COME INTO PLAY WITH THE RI.?

Gfulcher66:  The PTB dont care about holidays...

Iobey777:  IMO, Ramadan will not be an issue! They may just surprise us all and give the citizens lots of fresh shopping currency!!!

MilitiaMan:  It is not imo to be long, they cut ribbon with Saudi Arabia for an international branch of the ITB.. if they feel necessary to show case their sovereign pride together? So be it, I just highly doubt it.. - MM

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Yemallmann:  Please Sir, where we can see Mahdi Saying that the rate would change before the end of legislative session?  

CSHessman:  CLICK ON LINK    The committee will move during the current legislative term towards changing the fiscal and monetary policy in the country
 
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Macaron announces the ambitions of France in Iraq .. And Abdul-Mahdi: The situation in Iraq is developing positively    LINK

2Cents:
  So Mahdi is still in France........Will he be back by tomorrow morning and will the continued Parliament session see the passage of the FMA?????..........Announcements and then 2nd article forthcoming thereafter????
 
After tomorrow, IMO, it is not likely to see what we want to see by 6:48:33 on 5/06 unless we see a holiday called for Monday or Tuesday..........We are down to hours to see if prior to Ramadan brings the 2nd article........
Samson:  Poverty and price hikes prevent Iraqis from preparing Ramadan

3rd May, 2019  

Gradually, many of the customs and traditions that distinguish the Iraqi society from others in the last decades, especially with the approach of Ramadan

"The toothpick of Ramadan" or "Zahab Ramadan" is a ritual used by Iraqis before the holy month of Ramadan. The family begins shopping for the month before, buying everything from meat to legumes to juices, appetizers and pastries, ending with the clothes they wear this month. It is also called the "Al-Nafnouf", which is the loose dress and the vestiges like him. In some areas of Iraq, it is also called al-Hashemi, and it is special for the month of Ramadaan

But the situation has changed a lot, and Iraqis attribute the reason for rising prices and increasing poverty and lack of employment opportunities, as well as the decline of "manifestations of joy and loss of desire to celebrate because of the tragedies that have passed the country and the absence of hope for change and loss of loved ones have been among them and increase life

"I did not intend to do so because of the high prices and the delay in receiving my monthly salary, which I share with many Iraqis. In addition, the salary is not enough to pay the rent of the house that I live in," Sheikh Hassan told the New Arab. And my family
 
"The ration has not reached us today, and the Ministry of Commerce has not provided us with the size of the oil revenues to meet the citizen's needs. The high prices and the disregard of the Ministry of Commerce to provide us with sufficient requirements for this holy month makes me wonder where the poor will go and what is the solution
 
The spokesman appealed to the Iraqi government to take a serious and urgent stand to consider the difficult economic conditions experienced by the Iraqi citizen, "so as not to sell our belonging because of want, and we have to resort to other countries that respect human
"My father and nephew died in an explosion a few months ago, and no desire for us to go out or prepare for the holy month," said Hind al-Obeidi, 32, who said that the breakfast trip reminded her of "people who were with us and we lost them." Stressing that those who have not been disappointed by the loss of Habib in this war, the destitution and poverty taken from him
 
Khalid Kassem Ali, a trader at the Shorja market, told Al-Arab Al-Jadid that "the lack of liquidity in the market for this year is weaker than the purchasing power of the citizen, and the streets of Baghdad were missing Ramadan after the Baghdadi families were racing in decorating Public streets and alleys, but to this day is without Ramadan decorations and if I am not in Baghdad

Tariq Yawar, a trader in the Shorja market, explains that "the demand for shopping is very poor. We can see that it started to decline for 15 years. For many reasons, the citizen is under many psychological pressures: terrorism, terror, lack of services, He has to keep his habits and traditions raised on them
 
Yawar points out that "the Iraqis have a special mood for food, and there are many occasions for breakfast during the holy month of Ramadan through the visit of relatives and friends, and even our tables are famous in the Arab world such as the dishes (Dolma and Dulaimia and fish Almskov and Sheikh Mahchi

As for Salam Ibrahim, who works in the market, he hopes that "God bless and bless the citizens during the holy month of Ramadan," and shows the "new Arab", "Unemployment worsened and salaries of staff few compared to high prices, and works are generally suspended
 
"The advent of the holy month of Ramadan in the summer and the high temperatures increase hours of national electricity extinguishing, and this is an important reason to prevent citizens from eating meat, fish and poultry in appropriate quantities and stored in refrigerators because of power outages    LINK
Samson:  Hakim: Iraq's priorities for this stage justice in the distribution of wealth

3rd May, 2019

The head of the coalition of reform and reconstruction Ammar al-Hakim, the need to distribute wealth and provide services to achieve social justice.

"There is no social justice without the provision of basic services, such as water, electricity, infrastructure, employment, housing and the development of reality," Hakim said in a tweet on Twitter for social networking. Citizens' pensions".    LINK
Samson:  Abadi praises Trump and criticizes Obama: He has not kept promises of support for Iraq

3rd May, 2019

Former US Prime Minister Haidar al-Abadi praised the administration of US President Donald Trump as a "good listener" while criticizing the administration of former President Barack Obama and noted that he had not kept promises of support for Iraq.

British journalist Robert Fisk wrote an article detailing a meeting with former Prime Minister Haider al-Abadi. "US administrations in general have a tendency to keep Iraq united to fight an oppressive organization, but to what extent do they want to support us," he said. He points out that during Barack Obama's administration, the former US president made no promises to support Iraq during his war with a sympathetic organization.

Abadi said during the interview, which was conducted before the video of the latest leader of the organization Abu Bakr al-Baghdadi, that "a supporter ended as a state, but it continues as a terrorist organization." 

Abadi praised Bertram during the interview, saying that he "is good at listening well," citing the US president's decision to exclude Iraq from its decision to ban the travel of citizens of a number of countries to the United States.   LINK