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DINARESGURUS.BLOGSPOT.COM_________________

Friday, January 25, 2013

CBI LAUNCHES ELECTRONIC NETWORK CONNECTIVITY, 25 JAN

BULLDOG75: CBI LAUNCHES ELECTRONIC NETWORK CONNECTIVITY; THE SINGLE WINDOW SYSTEM: APPEARS THE CBI IS IN THE WTO SINGLE WINDOW SYSTEM WHICH IS NECESSARY FOR TRADE FACILITATION!

IT NOW APPEARS THAT THE CBI IS AT THE FRONT DOOR OF ELCTRONIC LINKING OF DAILY INFO FOR THE AUCTIONING & TRADING OF FOREIGN CURRENCY BETWEEN BANKING INSTITUTIONS. THIS IS THE OPENING OF THE 'ELECTRONIC WINDOW SYSTEM' WHICH IS AN ABSOLUTE NECCESITY "TO TRADE INTERNATIONALLY". FOR A COUNTRY TO HAVE AN INTERNATIONAL RECOGNIZED TRADEABLE CURRENCY ONE HAS TO PARTICIPATE WITH THE WTO, IMF, BIS. IT APPEARS THIS EVENT IS TIMELY FUNCTIONING AND FULLY APPROVED BY THE PTB, POWERS THAT BE. 



CBI launches electronic network connectivity information Auction:
BAGHDAD / obelisk: CBI announced, Thursday, on the implementation of the steps the electronic linking of information daily auction of foreign currency between institutions Bank and the Ministry of Finance and the General Authority for taxes.


The governor of the Bank and Abdul Basit Turki Agency for “obelisk”, “The World Bank approved the plan in order to ensure the highest degree of coordination between the concerned authorities for the accuracy of the information that is presented for the purposes of the balance of payments.” Turki added that “implementation will contribute to make the required database between these institutions are available, moment by moment, thus ensuring transparency and fairness in dealing,” adding that “the implementation of the plan will begin."
Full Description: The single-window system is a trade facilitation idea.  As such, the implementation of a single window system enables international (cross-border) traders to submit regulatory documents at a single location and/or single entity. Such documents are typically customs declarations, applications for import/export permits, and other supporting documents such as certificates of origin and trading
invoices.


The main value proposition for having a single window for a country or economy is to increase the efficiency through time and cost savings for traders in their dealings with government authorities for obtaining the relevant clearance and permit(s) for moving cargoes across national or economic borders. In a traditional "pre-single-window" environment, traders may have had to contend with visits and dealings with multiple government agencies in multiple locations to obtain the necessary papers, permits, and clearances to complete their import or export processes.


There is no single definitive viewpoint of what a single window system should be.  A common definition of the term "single window" is:
"A facility that allows parties involved in trade and transport to lodge standardized information and documents with a single entry point to fulfill all import, export, and transit-related regulatory requirements. If information is electronic then individual data elements should only be submitted once."
The concept is recognized and promoted by several world organizations that are concerned with trade facilitation. Among these are the WTO, World Banks, BIS, United Nations Economic Commission for Europe (UNECE) and its Center for Trade Facilitation and Electronic Business (UN/CEFACT), World Customs Organization (WCO), SITPRO Limited of the United Kingdom and the Association of Southeast Asian Nations (ASEAN).
The diagram below illustrates an example of an implementation of a Single Window system within a country or economy.

DINAR GURUS UPDATE, 25 JAN

1-25-2013  Newshound Guru Kaperoni   Article:  "Central Bank launches electronic network connectivity information Auction"   It seems to me, they may be making the CBI website "live" electronically which is a step in the right direction.   But if it just related to auctions or not, we will have to wait and see.

1-25-2013  Newshound/Intel Guru Flashing    Rumors confirmed by other sources about a possible rv tomorrow. Be happy, optimistic and prepared in terms of security and depends. lol  Again, just rumors, but confirmed by other sources.

1-25-2013  Intel Guru BOBGETZ6   To me, it is just a matter of who holds the trigger. As  winalot said, "they have to do it and now" The trigger person, IMO, is the key. It will be far less complicated than most imagine. It will just happen, or that is the way we think.

1-25-2013  Intel Guru Winalot   Did you guys all get the importance of the CBI announcing electronic banking yesterday?  Cbi announced, with the approval of the WTO, the opening of electronic banking. That is the "single window system". To participate in the window system, you HAVE to have an internationally recognized and tradeable currency. what do they need to have that? an rv. and it has to be PRIOR to opening and the window is open...as of yesterday.  I think this is by far the most telling of anything so far. They have entered the International waters of banking and trade!  i think it is a matter of when it shows up, could be any second, literally...Just my opinion.

1-25-2013  Intel Guru SteveI   I did talk to a few of my contacts and I am being told that all is on track and going as planned. Yes there has been a delay on the final vote for the amended budget of 2013. I still believe by the end of this month for sure. If not, shortly thereafter, but I do not see it going very long into February. They are flat out of money and need the budget opened and implemented.  I am still being told that they are out of Chapter VII and Iraq will make the announcement very soon. I do not think all of the laws and new transactions would be taking place if this was not a fact.  I have read many great articles and it seem to be crunch time now to wrap things up and move forward.  Many other forums are echoing the very same thing and they also feel by the 31st of this month. 

1-25-2013  Newshound Guru Breitling  Nothing but good news.  All of the business articles coming out are saying the right things & they have the right motivation.  They say they redeveloped the banking sector and the banks are saying we are going out globally, we are going to bring people in, wealth in.  I can't wait for it to revalue, to start pipping up.  I hope it does it soon and I think that it can do it soon.  I have never been in anything like this that has been so black and white on the potential.

1-25-2013  Newshound Guru Med   THE FIRST SIGNS THAT MALIKI HAS LOST A GRIP SHOWED UP TONIGHT.  CAN ANYONE TELL ME WHAT HAPPENED TODAY THAT LAST YEAR WOULD NOT HAVE HAPPENED?  [The ministers told Maliki to shove it]  YES, EXACTLY AND HE WAS TOLD THAT NO ONE BUT PARLIAMENT CAN EXCUSE THEM BECAUSE THEY ARE ALL APPROVED BY PARLIAMENT.  THE VOTE COUNT IS  40 VOTES SADRISTS, VONC [VOTE OF NO CONFIDENCE];  20 VOTES ISLAMIC COUNSEL, VONC;  75 VOTES IRAQI LIST, VONC; 55 VOTES KURDISTAN ALLIANCE, VONC.  THEY HAVE 190.  ONLY 163 MEMBERS HAVE TO VOTE, VONC.  THEY HAVE 27 VOTES OF WIGGLE ROOM

STLOU & MED DISCUSSION, 25 JAN


Central Bank of Iraq announces selling 80 billion Dinar treasury bills  23-01-2013 - 10:29

Central Bank of Iraq announced on Tuesday January 22, that it sold 80 billion Dinars worth of treasury bills, pointing out that 3 participants bought all the issued T-bills.

“Ministry of Finance decided to hold the 48th public auction and sold 182-day treasury bills for 82 billion Dinars”, said the Central Bank’s press release issued Tuesday January 22, of which Alsumaria got a copy. The press release pointed out that “the entire issue was sold for the highest bidders”.

“The auction participants were 2 banks in addition to a care institution for minors and Pensioner’s Association”, added the bank emphasizing that “3 participants won the entire issue by competitive bidding while a forth won by a non-competitive bid”.

According to the Public Debt Law by virtue of which the Ministry of Finance issued government guaranteed T-bills; the Central Bank of Iraq, considered to be the representative of the Finance Ministry, auctions off treasury bills issued by the government. Finance Ministry issues these bills for governmental financing purposes in accordance with the Annual Budget Law. 
Iraqi Central Bank was established as an independent institution by virtue of a law passed on the 6th of March 2004. Considered as an independent entity, the bank is responsible for maintaining the stability of the currency’s value and implementing monetary policies including exchange rate policies, management of foreign currency reserves, issuing and managing money and organizing the banking sector with the aim of promoting an independent and competitive financial system.

Central Bank of Iraq holds daily sessions to sell and buy foreign currencies except on official holidays.

http://www.alsumaria.tv/news/70276/c...-80-billion/en



Med says to (08:34:03): THAT IS THE FIRST ONE IN A VERY LONG TIME STLOU ONLY ONE PROBLEM THEY DONT LIKE TO PAY THEM I CANT REMEMBER IF IT WAS T OR C BILLS

stlou says to (08:34:42): but..

Med says to (08:34:46): BUT CHINA HAD A BUNCH

stlou says to (08:34:50): if you sell treasury bills..

Med says to (08:34:55): AND THEY DIDNT WANT TO SELL THEM

stlou says to (08:35:00): what do you take in in return?

Med says to (08:35:27): THEY WILL GET DINAR THE BUYER IS INVESTING IN DINAR AND THE RETURN IS DINAR RIGHT

stlou says to (08:35:56): so the CBI took in 80 billion dinar?

Med says to (08:36:01): NO THEY SOLD 80 BILLION DINAR YES AND IT DEPENDS ON WHAT TWO BANKS BOUGHT THEM CUZ THERE WERE ONLY TWO I KNOW WHAT YOU MEAN IF THEY WERE US OR UK OR WHATEVER THEY WOULD PICK UP THAT WORLDS CURRENCY AND INCREASE THE ASSETS  RIGHT

GOOD NEWS, 25 JAN

1-25-2013  Newshound Guru Breitling  Nothing but good news.  All of the business articles coming out are saying the right things & they have the right motivation.  They say they redeveloped the banking sector and the banks are saying we are going out globally, we are going to bring people in, wealth in.  I can't wait for it to revalue, to start pipping up.  I hope it does it soon and I think that it can do it soon.  I have never been in anything like this that has been so black and white on the potential.

A POSSIBLE RV TOMORROW, 25 JAN


FLASHING 1/25/2013 12:10PM EST Rumors confirmed by other sources about a possible rv tomorrow. Be happy, optimistic and prepared in terms of security and depends. lol  Again, just rumors, but confirmed by other sources.

heartfelt] Good afternoon MIG..time out for a break and found this in case you haven't read or saw it: Jan 25th 13 9:17am Calif time I was watching the local FOX news channel (in Fresno - KMPH ) and at the bottom of the TV screen the news ? blurb ? said > > > > > That 100 National Guard Troops are Flying out of AZ T O D A Y and be on the ground in Iraq on S U N D A Y or ADDITIONAL S E C U R I T Y > > > this may not be an exact quote but pretty darn close. Maybe this is a small amount of Information, but putting this with other things - - - - MAY BE - - - ya think? tt34ford

[heartfelt] gary 1951 my question was ..what do they need ADDITIONAL SECURITY for?

 [gary 1951] heartfelt Makes you wonder!

[heartfelt] gary 1951 a lot happening in ME but not more then the usual in Iraq

 [gary 1951] heartfelt To post on the news that more troops are going into iraq Iis a big deal if you ask me.

[cruiser] Hi All!! Did anyone catch Christine LeGarde's comment on CNBC that " Bank Recapitalization pretty much done in the U.S. ". It was on the right hand side of the screen
[tc0043] cruiser Does that get us closer?

[cruiser] tc0043 have to ask someone that may know lol

[tc0043] cruiser too funny

[Maryrose] cruiser nooooooo, I didn't see that. Good pick up

[xyz] cruiser when was that?

[cruiser] xyz this morning under the top stories on the right side of the TV screen.

[Digs] cruiser what do you think abcruiser ut LaGarde's statement??

 [cruiser] Digs think it speaks for itself. How did the banks do it, is the question and will this get them to lend.

[pianamama63] cruiser do you think this RV ride is coming to a END???

 [Jester] cruiser things that make ya go hmmm...

[cruiser] pianamama63 You know my answer, lol

[ [deb2blessed] cruiser main event being......??????

[cruiser] Jester there has been alot hmmmmm thinks lately.

[ [cruiser] deb2blessed getting paid!

[Maryrose] nolaspice I'm always late to the party!! ugh

[okrocks] Court: Obama appointments are unconstitutional   http://www.foxnews.com/politics/2013/01/25/court-obama-appointments-are-unconstitutional/#ixzz2J0IMx4ny

[Jester] cruiser follow the money...

 [cruiser] pianamama63 have to ask others that are in the know. I am done guessing.

[Jester] cruiser follow the hints... lol

[okrocks] Geithner Exits Treasury as Lew Prepares for Senate Votehttp://www.bloomberg.com/news/2013-01-25/geithner-exits-treasury-as-lew-prepares-for-senate-vote.html

[okrocks] cruiser More than $114 billion exited the biggest U.S. banks this month, and nobody’s quite sure why.  http://www.businessweek.com/articles/2013-01-23/missing-114-billion-from-u-dot-s-dot-banks

[deb2blessed] I think even they are done guessing

 [cruiser] okrocks the question is where did it go?? No one seems to know. You would think that the banks would keep track on those sort of things.

[okrocks] cruiser lol you would think...

[tc0043] cruiser Managers bonuses roflmao

[chillimac] cruiser you know they DO..

[Jester] Paul Miller, a bank analyst with FBR Capital Markets, cautions against reading too much into the Fed’s weekly data. “It’s a noisy database,” he says.

[cruiser] Digs maybe it was those Iranian hackers again roflmao

ruiser] chillimac I know they do, but why is it a secret.

[tc0043] chillimac I want mine NOW!!!! Roflmao

[chillimac] cruiser secret for the non invester

[cruiser] chillimac yep

 [chillimac] cruiser we know better lol

[cruiser] chillimac we think we do roflmao

[Jester] According to the article it is not missing... it is withdrawn and went somewhere else...

[Digs] cruiser you might be on to something... i do recall seeing a guy riding a camel with a laptop attached to one of the humps.. lol

[cruiser] Digs roflmao

[cruiser] Jester no one said missing.

 [tc0043] cruiser I know, It`s Jack Lew`s signing bonus roflmao roflmao

Maryrose] tc0043 or Little Timmy's golden parachute!! lol Or both!!

[Papa Bear] Here is a question for everyone we know Lew is the replacement for TG at Sec of Treasury who is everyones guess as the Bernanke successor? My guess Richard Fisher out of Dallas Fed anyone else guessing?.

 [tc0043] Papa Bear If Fed Reserve is defunct, why do you need a replacement for Bernanke?

 [Papa Bear] Fed absorbed into Treasury jobs in time .What are your thoughts peeps?

[misskitty05] Papa Bear I have no idea . Why do you think Fisher?

 [cashinqueen] Papa Bear fisher a good choice???

 [tc0043] Papa Bear that will work if Fair Tax Act is passed

 [thudz04] Papa Bear I think you are right which is why it says both Fed Res and UST Treasury on the new $100 dollar bills IMO

 [jamajacks] Papa Bear Fisher is a good replacement and with his career in mind would jump at the chance. IMO

[Papa Bear] misskitty05 Different direction in rates coming in time and Fisher can handle

[misskitty05] thudz04 does it actually say that or are you just speculating?

[misskitty05] Papa Bear ok thanks

[okrocks] List of some possible peeps... Who Will Replace Bernanke: If He Goes, Who's Next?http://www.huffingtonpost.com/2010/01/22/who-will-replace-bernanke_n_433470.html

[thudz04] misskitty05 did you see the blog post a couple of weeks ago on DR that showed a picture of the new $100 bill and the writer gave a breakdown of what he thought it meant? The blog showed a closeup picture of the bill.

 [misskitty05] thudz04 maybe I'll take another look . Thanks

 [thudz04] misskitty05 yes it is derfinitely interesting and I believe that is why both the Fed and USt are stated on the bill because the UST will absorb them as Papa Bear mentioned.

DISCUSSION OF MED, 25 JAN


Med says to (18:58:42):    HELLO    WELL THE FIRST SIGNS    THAT MALIKI HAS LOST A GRIP SHOWED UP TONIGHT    CAN ANYONE TELL ME WHAT IT WAS    CAN ANYONE OUT OF 123 MEMBERS    TELL ME WHAT HAPPENED TODAY    THAT LAST YEAR    WOULD NOT HAVE HAPPENED    COME ON

    sierra12 says to (19:01:33):    UN involved

    Med says to (19:01:41):    NO

    TataTime says to (19:01:43):    The ministers told Maliki to shove it

    Med says to (19:01:43):   BUT TY   YES   EXACTLY   AND HE WAS TOLD THAT NOONE    BUT PARLIAMENT    CAN EXCUSE THEM    BECAUSE THEY ARE ALL APPROVED BY PARLIAMENT  

LAST YR    MALIKI COULD HAVE DUMPED THEM   AND THEY ALL WOULD HAVE TUCKED THEIR TALES    AND RAN    AND JUST WHERE WAS MALIKI    GONNA FIND    8 SMART SHIITES    FROM THE SOL
    I MEAN REALLY    HE COULDNT FIND 8 TO BEGIN WITH    WAS HE KEEPING THE SMART ONES IN RESERVE    LIKE HITLER DID   

WHEN HE KEPT THE PANZERS    FROM SUPPORTING THE D DAY INVASION    CUZ HE SAID THEY WILL WAIT TILL THE REAL ONE COMES

    ONE THING    WHEN A MAN READS A BOOK    LIKE HOW TO WIN AT POLITICS    MAKE SURE IT ISNT WRITTEN BY DEWEY    OR HOW TO WIN A WAR    IT ISNT WRITTEN BY NAPOLEON

    good news breezin posted

    TataTime says to (19:07:01):    Med, what if they have a vote and all those who would vote for Maliki refuse to show up? Would the vote be nullified because of a lack of quorum?

    tudor says to (19:07:02):    Maliki loses again lol

    Med says to (19:07:49):    WHAT IS 325 - 190 TATA

    TataTime says to (19:08:09):   275    TRY AGAIN

    tdk says to (19:08:20):    135

    W8n2cashin says to (19:08:21):     = Maliki is SOL

    Med says to (19:08:30):    OK TY TDK    THE VOTE COUNT IS    40 VOTES SADRISTS VONC    20 VOTES ISLAMIC COUNSEL VONC    75 VOTES IRAQI LIST VONC    55 VOTES KURDISTAN ALLIANCE VONC    HOW MUCH IS THAT

    tudor says to (19:09:33):    190

    jon says to (19:09:34):    190

    W8n2cashin says to (19:09:35):    170

    Med says to (19:09:39):    LOL    TUDOR AND JON    ARE CORRECT    IS 190 A QUORUM    NO WORRIES

    TataTime says to (19:10:03):    190, but how many do they need for a quorum?

    Med says to (19:10:08):    163    A QUORUM IS AN ABSOLUTE MAJORITY

    TataTime says to (19:10:23):    oh. so there is no wiggle room

    Med says to (19:10:33):    SURE    THEY HAVE 27 VOTES    OF WIGGLE ROOM    RIGHT

    TBar52 says to (19:10:49):    everybody has to show up

    TataTime says to (19:10:50):    lol

    Med says to (19:10:53):    NO    ONLY 163 MEMBERS    HAVE TO VOTE    VONC    THEY HAVE 190    SO A COUPLE DONT SHOW UP    CUZ THEY ARE ESCAPING THE COUNTRY    WITH DINAR

    tudor says to (19:11:36):    hahahaha

    Med says to (19:11:37):    LOL 

I STILL BELIEVE BY THE END OF THIS MONTH FOR SURE, 25 JAN


Greetings,
First of all I apologize about the loss of posts and being down again.
This time it was failing hardware in which should not have happened, but did. Everything appears to be running ok but may get a few bumps here and there.

I did talk to a few of my contacts and I am being told that all is on track and going as planned. Yes there has been a delay on the final vote for the amended budget of 2013.

I still believe by the end of this month for sure. If not, shortly thereafter, but I do not see it going very long into February. They are flat out of money and need the budget opened and implemented.

I am still being told that they are out of Chapter VII and Iraq will make the announcement very soon.

I do not think all of the laws and new transactions would be taking place if this was not a fact.
I have ready many great articles and it seem to be crunch time now to wrap things up and move forward.

Many other forums are echoing the very same thing and they also feel by the 31st of this month. I do feel the same way. I am excited however I have seen things change at the last minute delaying the inevitable. This will happen making this the best investment I have ever seen, also the most stressful.

Again, sorry for the down time but things happen and I certainly did not enjoy this repair. Not only did that server host these forums, but it also was the main server for the interface for the order manager for my wife's business.

All is running smoothly now and I hope to see you all very soon.

Thanks for the confidence not only in myself, but our great team here at PD. I also finally got the forums to the newest release 3.4.2. There are some very nice features.

God Bless you all. 

Steve

THIS WONT HAPPEN TILL THE BUDGET IS APPROVED, 25 JAN


Hello once again )

Quick update.  Back in August they formed the new pay scale law.  They needed to amend and draft new legislation for the pension, general retirement (public and private), new pay scale, social security, employee salaries laws.  It all falls under the civil service law.  This was completed and past on Dec 30, 2012.  Now,  all these laws are attached to the 2013 budget.  This is why no matter what they need to approve the budget as soon as possible. 

You also have some blocs that are demanding pay raises and want an amendment to the pay scale law.  This wont happen till the budget is approved, they are just positioning themselves for the future.  This is also why the 2012 budget needed to close, the new pay scale is a fresh start for 2013.  It contains the new dinars and once the 2013 is approved by the presidency of the council and put for its final vote for implementation they will calculate the employees pay under the new pay scale law with whatever the new rate will be. 

This happened once before when they issued the new dinars to the iraqis back in 2003-2004.

Let me show you.  http://govinfo.library.unt.edu/cpa-iraq/budget/March_Salaries.html

You see if they did'nt include any new laws for pension, pay scale, and so forth the 2013 budget would have been the same as the past budgets.
This is why you see so many articles saying the budget has to pass or else it would effect there economy and the iraqis.  The 2013 budget has all the elements of an RV.  This is it!

Let me show you 2 more articles:  This first one is dated Dec 21, 2012:http://www.iraqinews.com/baghdad-politics/finance-committee-amending-civil-service-law-depends-on-new-salaries-system/

Notice "new salaries system" thats the pay scale law.

This next article is from a few days ago:    http://www.iraqinews.com/business-iraqi-dinar/mp-stresses-necessity-of-improving-employees-salaries/

You see its in the forefront of discussion before the 2013 budget is approved and activated.  Like we said, this budget is going to catapult Iraq to the golden age of Babylon

Cheers Diane, Steve and All

PS  In the last article (improving employees salaries) pay attention to the last paragraph:)))
Either way its all good.
Cheers )

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

SteveI: Ray and I read this an thought it was one of the best news yet. Thank you for sharing.

 Blessings, Steve