Thursday, August 30, 2018

8-4-2018 Special OOOTAH Prayer Call w/Becky, Art & Member Glen


We alway get this question, “One day it’s going to revalue in Iraq and all these Iraqis are going to be instant millionaires…” Its’ doesn’t work that waywhat happens is that you and I used the US dollar to purchase the currency…at a tenth of a penny.  The Iraqi’s were given that currency.  So the market inside Iraq reflects that tenth of a penny.  In other words if you go down to buy a coke or candy bar…it’s based on an economy based on a tenth of a penny.  What do you thinks going to happen when the value of the Iraqi dinar goes up to a buck?

...Do you think the coke and the candy bar are gong to stay at a tenth of a penny?  Yeah, then they would be millionaires inside of Iraq.  But it’s not.  The coke and the candy bar are now going to be worth a US dollar.  So they don’t gain like you and I gain.  We bet with the US dollar and they did not…Price of real estate, prices of goods and services, the labor force, everything will follow the value.  For some reason people confuse that.  You and I bought at a tenth of a penny out of a US dollar.  So that is where we get our gains...


Don961:   Hmmm ... converging of financial and monetary policies hey Mr. Saleh ... what are you trying to tell us ... is converging exchange rates next ?

Advisor To The Prime Minister For Finance To Imn: Iraq's Financial Coffers Increased To $ 58 Billion

IRAQI ECONOMY  In 2018-08-29  

Baghdad - conscious

Prime Minister's Advisor for Financial Affairs Dr. Mazhar Mohammad Saleh confirmed on Wednesday that Iraq's financial reserves will increase from 58 billion dollars.

"The central bank has contributed to the Iraq threat of terrorism," Saleh told Iraqiya International.
"The coordination committee between the fiscal and monetary policies has succeeded in its work," he said.

He continued that "monetary policy more transparent than fiscal policy," noting that "the economy's economy created a convergence between the financial and monetary policies."   


Don961:  Rafidain launches a new meal of the predecessor of the staff

8/30/2018 1:36:36 AM

Baghdad / Mesbah: The Rafidain Bank, on Thursday, August 30, 2018, a new meal of the advance of employees of the State Departments, which ranged between five and ten million dinars through electronic payment tools, "Master Card."

The bank's information office said in a statement that "a new batch of State Department employees had been paid by MasterCard International for about 1515 employees."

The statement said that "the payment of this advance was by informing the employee by sending him a text message informing him of the advance payment, after he completed all the legal procedures to grant it and disbursement through electronic payment tools, which have been filled with the financial balance."     link


Samson:  MPs New winners receive their ID cards for MPs

 30th August, 2018

The new winners received their identification cards for the members of the House of Representatives after completing the administrative and legal procedures to document their personal information.

This comes in preparation for the first formal session of the fourth legislative session of the House of Representatives next Monday.   LINK


Don961:  cool ... telling the citizens and the world , deleting the 3 zeroes ain't no thang .. doesn't reduce purchasing power or cause inflation in market prices ... merely a technicality
just replacing the big notes with more manageable numbers to use in the marketplace ... and adding coins ... even though they cost more to mint .. they will last longer in circulation ....imo

Samson:  Dagher: $ 58.7 billion in Iraq's hard currency reserves and 89 tons of gold

 30th August, 2018

The director of financial operations and debt management at the Central Bank of Iraq, Dr. Mahmoud Mohammed Dagher, that Iraq's foreign currency reserves amounted to 58.7 billion dollars, noting that the net reserves of the Central Bank of 48.3 billion dollars, and the rest is the balance of the Ministry of Finance at the bank

"It is natural that all the countries in the world hold financial assets, namely bonds and remittances, especially the US, because they are highly reliable and easy to compare with other assets," Dagher said in an interview with Al-Sabah Al-Jadeed newspaper

He added that "the bank's reserves of 48.3 billion dollars distributed across eight countries to preserve the risks and comes in the forefront of the United States, Switzerland, France and Britain, while the distribution of these reserves on several types, including cash and bonds and gold," noting that "Iraq has 89 tons of gold And the depositor in London

"We can have a dollar bond and can change it into bonds in the pound sterling, euro or yen, but you can buy gold, and we have US deposits in dollars. All of these items are in our possession," he said

"The citizen has the right to replace the local currency (dinar) in the US currency (dollar) through the window of the currency, which was called (auction currencies) to finance the import and this is applicable in all countries of the world, because the government alone has a dollar of exports Oil, and in return the dinar is withdrawn to pay salaries and finance projects in the sectors of construction, agriculture and industry

He pointed out that "the Iraqi citizen can now travel for treatment or rest and recreation or even the acquisition of housing, all through the replacement of the national currency in foreign currency in the case of any citizen in any country in the world, while this was prohibited in the time of the former regime

The director general of financial operations and debt management that "we funded the projects through banks, and here was the inability of contractors to pay the loans granted to them, because the government originally did not meet their obligations and did not pay the amount of the value of these projects and therefore the deficit, but the government "It started to pay off its contractors in 2017

And the deletion of the three zeros of the Iraqi currency, he replied Dagher that "this issue purely technical and has nothing to do with the rise or fall of prices, and we are in the form of coins in our future projects, although it is high cost, but it is longer in circulation, The central bank will inject the paper currency category 250 and 500 dinars to the local market in
quantities that eliminate the existing health to be within the reach of the citizen to trade   

Central Bank - Iraqi reserves of foreign currency amounted to 58.7  billion dollars       LINK
Samson:  Wisdom: 40 deputies will withdraw from their blocs and join the nucleus of the largest bloc

 30th August, 2018

Hakim, led by Ammar al-Hakim, on Thursday, that the deputies will withdraw from their blocs and join the nucleus of the largest bloc, while referring to the possibility of announcing the largest bloc before the new parliament on September 3.

"About 40 deputies from other blocs, including the Fatah, will withdraw from their blocs to join the nucleus of the largest bloc formed by the Alliance of Suron, wisdom, patriotism and the victory coalition at the meeting of the Babylon Hotel," said a member of the General Authority of the Wisdom Current Ali al-Rafii.

He added that "the largest bloc arithmetically needs 220 deputies to resolve the three presidencies and this number is not currently available to the nucleus, which has a number of deputies to 125 deputies and through dialogues that the Quartet quartet of the nucleus of the largest bloc could reach the largest bloc before the first meeting of the new parliament on September 3 ".

The coalition led by Muqtada al-Sadr, the formation of the nucleus of the largest bloc after a meeting with delegations from the coalition of victory led by Haider Abadi and the stream of wisdom led by Ammar al-Hakim and the National Coalition led by Iyad Allawi in the Babylon Hotel.   LINK

Samson:  Baghdad will witness the establishment of the largest exhibition of Egyptian products and industries at the end of April (sp)
 30th August, 2018

Baghdad International Fair will host the first edition of the exhibition of Egyptian products and industries for the period from 31 August to 10 September 2018, organized by the Egyptian news agency Akhbar Al-Youm

"The exhibition will be held under the patronage of the Prime Minister of Egypt, the Ministers of Tourism and Supply, the Interior Trade and Industry, the Ministry of Public Works Sector, the Egyptian Embassy in Baghdad, the Commercial Representation Office in Baghdad, the Iraqi Embassy in Cairo and the Commercial Attaché in the Iraqi Embassy," said General Manager Hashim Mohammad Hatem.  In cooperation with the Egyptian General Organization for Exhibitions and Conferences

"The exhibition will witness the participation of many Egyptian companies specialized in various fields, including Oriental Weavers, Nile Oils and Detergents Company, Alexandria Oil and Soap Company, North Cairo Mills and Bakeries, Egyptian Publishers Union, Holding Company for Food Industries, Green Palace Furniture, Extracted Oils and Products and Rufina

The exhibition will include a special pavilion for books, audio, software and visuals, in addition to the establishment of performances by the Reza folk arts group. There will be direct selling to the public during the duration of the exhibition

He added that the company supports the establishment of specialized exhibitions through the provision of all facilities as well as set up for them in order to make it a success.

The establishment of such exhibitions is of great importance in building strong relations with different countries in addition to being an opportunity for traders and businessmen in Egypt to know and know the requirements and wishes of the Iraqi market and law Iraqi investment

He pointed out that the Iraqi Exhibitions Company had signed a contract earlier this year with the Director General of the Egyptian News Corporation to establish and organize the exhibition of Egyptian products and industries on the ground of the Baghdad International Fair for a period of five years renewable by agreement of the parties   LINK

Gold-backed Bonds - Reset in Motion - Pope B. Mystery Solved? - Eye Care



We do know that it is now very, very close at this point. Iraq is actually telling us they are preparing to do it.

IMO…..On September 30th we will see it for on October 1 starts the new money year

Rtresvant,,,Tony stated this cant wait unil 10-1,,too many issues now that have to be addressed that only the RV will resolve,,,riots, ratios of dollar to dinar, Iran causing trouble,etc,,,any moment now,,

Reuters: OPEC to discuss compensating for Iranian supply drop after U.S. sanctions: Iraqi official


Reuters: Iran's Khamenei says Europe cannot save nuclear deal, help economy

Reuters: India expects clarity on Iran oil cut after U.S. meeting: source

CNBC: Oil prices rise as Iran's crude exports decline

Forex rate still showing tepid movement since last Friday.

IQD RV News Update (RANT# 233)


Frank26 (KTFA)



Mountain Goat

IS ARTICLE 140 NEEDED PRIOR TO THE RV? The news media from Iraq is now saying 140 has to be done based on news that Kurdistan has negotiated this into the election. What did this Article 140 deal mean? Does it mean that it must be “fully” implemented then prior to the RV? No!

...It did NOT say that full implementation would be accomplished right away, thus maybe not before the reinstatement and RV could happen (but maybe before since no one really knows). It did however say that “full” guarantees had to be given that the referendum on this topic, according to the constitution, would have to be drawn up and presented to parliament. A timeline would also be guaranteed.

...Also, the last part of HCL is on this list of needed laws.

Kaperoni (Dinar Alert)

In typical Iraqi fashion...I believe things are now being delayed due to the lack of formation of the government which has direct impact on currency reform, opening the banking system, inviting foreign investment. We also learn from one of our members who contacted the IMF that the Article IV Consultation has been delayed until the formation of the government. And if what we believe is correct - that nothing will occur until after that consultation it seems like we're just have to wait a few more months. And of course all the while keeping a watchful eye on the CBI currency auctions to make sure that they stay in compliance under the IMF requirements for Article VIII acceptance.

[I apparently missed something. I thought they had fallen out of compliance this week!]

No, there were reports from the media about the spread rising but the auctions had not occurred since last week due to the holiday. That rising spread certainly is a concern. Once the auction started again it appears they are still within compliance based on media reports. But then again none of this is official. The Market Rate spread in Iraq has going down a little bit today so good news after 3 days of currency auctions. Sell 1206 to $1 and buy 1200 to $1. The requirements the IMF puts on Iraq to meet Article VIII compliance can be confusing ...


…Iraq is in a good position. Even with their currency at a tenth of a penny. There is no bad situation here. It simply does not exist. The currency is strong even at a tenth of a penny. They are using it for a purpose at that rate. There is a reason the CBI, the Ministry of Planning, the Ministry of Finance and parliament went to the IMF and said, "Hey, we want to start raising the rate, what do we need to do? What positions do we need to be in?' And they kind of gave them a charter in order to do that. It’s very simple. They haven’t gone off the reservation on that at all... Since I’ve gotten involved in this investment or this opportunity, it has not changed at all…it’s a timing issue and it’s related to the markets…

MilitiaMan (KTFA)

"Summary of the weekly conference of Prime Minister Haider Abadi"

So we see Abadi refer to what was required by Al Sistani since 2014 and those goals are and have been achieved. That is not coming from a defeated Prime Minister's point of view. It is coming from the new and welcomed Prime Minister for a Second term, as I see it. It goes on to make a very substantial point to the his people, regional interests and the world. He is making it known that he has the citizens in mind with respect to abiding by sanctions on Iran while at the same time maintaining a respectful stance towards neighboring countries and their currencies.

...Keep in mind when Iraq re-instates her currency, it may have a very huge impact on the economies of other countries that may be under duress from various and obvious reasons with their respective currencies. The fall out may be very substantial...and in fact it is a kind gesture to be so considerate at this juncture to almost tip his hand on what is effectively going to happen. If there were not a need to mention currencies, why do so? HE wouldn't, he would as there is in all likelyhood a change to come and soon, that is why.. Imo. 

Bruce (The Big Call)

…I know everyone out there is sort of tired of this ride. Let’s be honest. We all are…Everybody is ready for this to go. We have been ready. However, this is a process and we know there are a lot of moving parts. Sometimes parts come in that we haven’t considered, we weren’t aware that was something that needed to be done, one more thing, that kind of thing. This has been something that has evolved and moved and it is not easy to track and get all the puzzle pieces. You wonder at times who is really in control of this…We are getting closer and closer to figure out what this process is of release…

Trusts Unlimited Conference Call

Restored Republic via a GCR: Update as of Aug. 30, 2018

The below is a summary of information from the Internet. It would be up to the individual reader to decide whether or not it is valid. 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: We remain in an Intel Blackout. It would be my opinion and my opinion only that:

1. False intel has been provided to certain Gurus so as to set up sting operations to catch the bad guys, the latest likely being today, and as happened last Sat. Aug. 25 where 37 bankers were caught misdirecting funds for their personal use.

2. Zim holders could redeem/exchange currencies at any bank, though the Zim would eventually end up at HSBC. If you originally redeemed Zim at HSBC all kinds of personal, legal and financial perks would be offered.

3. Zim redemption required a structured payout in your choice of 10, 25 or 50 years.

4. Zim Savings Bond interest during a contract with Zimbabwe was said to be 7%.

5. Interest rates on monies left at a bank during a structured payout could be from 7% to 10%, depending on how much you had and how many years were built into your structured payout.

6. The banks were required by law to show you the screen rate, but only would do so if you requested to see it.

7. You could ask for the higher, or sovereign/contract rates, providing you justified use of the monies through your humanitarian plan.

8. Dinar screen rate was said to be between $7-$8. Contract rate on Dinar was $28.50.

9. Dong screen rate was expected to be $2, with no contract rates available.

10. Zim screen rate was said to be the equivalent of $.16 with six zeros taken off. The Zim Contract rate was whatever you could justify through your humanitarian project.

11. All contract rates required signing of a Non Disclosure Agreement.

12. Release of the 800#s could likely happen this Labor Day weekend when both US and Canadian governments, markets and banks were closed, also because countries participating in the Global Currency Reset have been ordered to be GESARA compliant before Friday Aug. 31 and additionally because a Sino-African conference was scheduled to announce the worth of Zim right after the holiday on Sept. 3-4.

A. Aug. 29 2018 TNT Call Ray, Tony: 

1.You could exchange/redeem your currencies/Zim at any bank and they would move the monies to the proper place.

2. In Iraq their next meeting to begin the new government was Tues. Sept. 4.

3. The banks were expecting the RV this week, had no date or time set for it to go, yet every day they were testing and confirming the new system, while the new rates remained frozen on the screen.

B. Aug. 29 2018 1:07 pm EST Intel Alert: 

1.Infighting between the Deep State and the Vatican was currently on-going. The Vatican did not agree to Cabal terms on encouraging a third world war so the Deep State was now blackmailing the Vatican with their history of sexual abuse. The Alliance was closely monitoring the situation and working to covertly dismantle both factions.

2. Canada's consensus on the updated NAFTA deal was imminent (making Canada compliant for GESARA).

3. The new Zim bond investment was now trusted, as Zimbabwe and China converted your physical Zim sovereign asset(s) into digital currency. 

4. Negotiated structured payouts would be a reinvestment of your principal into sovereign savings bonds and paid out in the currency of your citizenship.

5. The Reserve Bank of Zimbabwe (RBZ) issued 7% annual sovereign savings bonds at any amount in a $100 per investment bond.ttp://www.chronicle.co.zw/rbz-issues-7pc-savings-bond/

6. Multiple false starts occurred in a string operation that resulted in dozens of bankers being apprehended.

7. All Tiers continued to be instructed and informed to remain ready for the RV to begin.