Bondlady Chats…

Bondlady Chats…

Iraqi Dinar GuruAdmin Shredd & BLC Member Chat 1-8-14

Attorney-Maliki: there must be a majority sufficient to discuss the budget if they come to Parliament

Baghdad – and babysit – MP for the rule of law just in case al-Maliki that he received the budget to parliament, there must be a sufficient majority to be discussed and voted on this and it’s difficult in the current situation.

[tlm724] some special problems with the Kurds *slap*

[tlm724] it is hoped the next two days to finish these constraints upon the arrival of the Kurdish delegation

[tlm724] you all remember the kurds were burned once by a majority vote ? they’ll be there – they are going to pass these laws with or without the kurds via a majority vote

[tlm724] lightingcslt right ?

[lightingcslt] tlm724 yes awesome article

[tlm724] lightingcslt yes ! love it

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Rafidain and Rasheed banks are participating in an international conference

Baghdad – and babysit – participating banks Rafidain and Rasheed, and a number of economic circles in the Acts of the Second World Congress on the financial and banks in Iraq, which starts in the twenty-seventh of this month in Dubai and last for one day.

[tlm724] “there is broad participation in the banking sector, represented by the participation of the Rafidain and Rasheed, along with a large number of private banks and branches of foreign banks in the country, the world !

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Trade calls for legislation controlling the electronic market

Baghdad – and babysit – student director general of foreign trade at the Ministry of Trade Hashim Sudanese, a legislative package to adjust the trade through websites and consumer protection.

[tlm724] a legislative package to adjust the trade through websites and consumer protection

[tlm724] “The e-commerce and display of goods across the sites of the new things that have entered Iraq, and we need new laws to adjust

[tlm724] thats right, they have to get these laws and electronic system running right to account for the massive amount of money coming in via trade and customs, tariffs !

~~~

Justice Minister: Investment funds minors achieved through the adoption of laws supportive 08-01-2014 02:02 PM

that the best interest is through the adoption of laws keep pace with the mechanisms and procedures required to maintain the funds of minors as the market data change constantly and the situation taking place in the country is stable, a necessity to put controls Animations fit in with the needs of minors.

noted Shammari: The absence of such controls by causing the loss of funds minors for their value over time, indicating that the proposal of the Ministry your equation funds minors gold or the dollar refusal of the Ministry of Finance and the Central Bank.

confirmed: The formation of an ad hoc committee to study the issue of evaluating funds of minors and maintain its value with the passage of time, If there is no access to the final version in this area will continue to invest the funds of minors in transfers treasury Central Bank.

[tlm724] the situation taking place in the country is stable… We will be discussing Iraq’s stability with Ambassador Bremer on Saturday, here is the information about the call: WE HAVE SECURED AND PLANNED A HUGE EVENT FOR ALL OF OUR MEMBERS TO ENJOY…WE WILL BE HOSTING AND INTERVIEWING WITH QUESTIONS TO NONE OTHER THAN AMBASSADOR PAUL BREMER, WHO STARTED EVERYTHING IN IRAQ FOR US PER THIS INVESTMENT AND THE COUNTRIES MOVE FROM A DICTATORSHIP TO A FREE COUNTRY, THE CONFERANCE CALL IS SET IN STONE NOW FOR JANUARY 11, 2014 @ 4PM EST…….U WONT WANT TO MISS THIS HISTORICAL CALL!!!!!!!!!!!!!

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Baghdad Council intends to apply the new measures to companies wishing to implement projects

08-01-2014 08:46 AM

[tlm724] ahh so the council is easing the restrictions and eliminating red tape ! This is very good !

~~~

Business incubators »contribute to the growth of small and medium enterprises 8/1/2014

[tlm724] just an FYI

Business incubators are programs designed to support the successful development of entrepreneurial companies through an array of business support resources and services, developed and orchestrated by incubator management and offered both in the incubator and through its network of contacts. Incubators vary in the way they deliver their services, in their organizational structure, and in the types of clients they serve. Successful completion of a business incubation program increases the likelihood that a startup company will stay in business for the long term

[tlm724] long term is exactly what is needed !

[tlm724] essential to the economies of the countries in the creation of jobs for large segments of society. wealth creation and explained that the wealth created by providing advanced products that meet the needs of the market

[tlm724] creates new markets Thus the ratio of contribution to GDP

[tlm724] this is exactly what Bondlady was saying about small and medium businesses about two weeks ago, it is absolutley critical to support these business as it will create jobs and reduce poverty as well as increase the GDP other then oil ! These new business’s will contribute to the overall wealth of the nation .

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Turkish “long”: Accept Bank “BIS” deposits will strengthen Iraqi cash reserves

[tlm724] called for investment in order to achieve comprehensive development in the government and private banks and adhere to international standards in preparation for a credit rating, get your credit rating Iraq, your going to need it !

Iraqi Dinar GuruAdmin Shredd & BLC Member Chat 1-6-14

Saadi is expected diversity of the country’s income during the current year

1/6/2014 0:00

Implementation of the tariff law a sources

of Baghdad – the joy of pumice projections indicate that the year 2014 will see the diversity of its revenue, especially after the application of the tariff law, as well as the pursuit of the competent authorities to mechanize the income tax and other taxes.

[BondLady] see what did i say …. iraqi’s wouldn’t take the tarriffs without givin them a raise of some sort per their currency…can’t tax them like this with out some kind of monetary adjustments …jus sayin

Net weight: 34 A contractor installed during 2014

1/6/2014 0:00

Detect the introduction of 37 thousand new degree

He also noted the net to the cabinet seeks actively to reduce the proportion of the total deficit suffered by the budget, “stressing that the payment of the deficit able to change the look of international economic organizations for Iraq .

minister said, that the next few days will hold for the important meeting between the center and the Kurdistan to discuss the final steps on how to export and the settlement of the amounts owed ​​by the region,

stressing that the process of the delay in the vote on approving the budget, resulting primarily mainly due to the delay in putting some artistic touches between Baghdad and Erbil on how it will be through which export oil region,

indicating that the side of the Kurdistan gave pledges real central government to comply with legal controls to implement the budget correctly

“that the two sides agreed to a settlement of the subject is stuck, and that a meeting will soon be held to discuss the process Export and recover the amounts owed ​​by the province and due to the oil companies in the province,

“he said, adding that the arrangements agreed upon between the parties include a review of Supreme Audit schedules and financial records on the subject,

noting that Iraq is obliged to deposit all Iraqi oil sales in the Development Fund for Iraq in America. tariff He defended the finance minister for the government’s decision to apply the tariff law

He also warned some traders and importers, from the exploitation of the imposition of the tariff increase in prices in an effort to block the application of the law, in order to obtain benefits and material gains at the expense of the country’s future economic,

underlined his determination to protect the economy, and the development of professional performance of the Ministry of Finance serious steps to combat financial and administrative corruption

[tlm724] HCL enactment is coming !

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Central Bank is accepting deposits BIS new Iraqi “asset” and calls for the development of comprehensive banking

[tlm724] called for investment in order to achieve comprehensive development in the government and private banks and adhere to international standards in preparation for a credit rating

[tlm724] indeed !

[Shredd] the above article is a biggie btw

[tlm724] The governor of the Iraqi Central Bank and the Agency, that “exchange reserves at the central bank comes from these deposits after the transition government to the local currency (the dinar)

[Shredd] further compliance and dinar balance deposits for investments – these balances then are invested and provided dividends, international compliance folks

[tlm724] more money !

[Shredd] right before our eyes — right timmy

[tlm724] Basel compliant ! they are growing up Shredders !

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Kurdish delegation arrives in Baghdad tomorrow to discuss the issues of oil and the region’s share of the budget

Ali Abdullah – 01/06/2014 AD – 11:48 |Said Undersecretary of the Ministry of Finance, the Kurdistan Regional Government, for a planned visit by a government delegation to Baghdad this week to discuss the issues of oil and the financial budget and the region’s share.

[rsp1] discuss issues, pfffft. Pass it already!!!!!! *44mag*

[rsp1] previous meeting was positive in dealing with issues of oil and budget. *hallelujah*

[rsp1] I know how you can stay in your position…….pass some laws now!!!

[rsp1] Help your peeps!!!!!!! Let ‘em know you care about them!!!!!!

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06/01/2014 10:26

Economic parliamentary: the retirement law can pass during the current parliamentary session amended

[tlm724] “the law of the financial budget of the Federal Assembly is the most important laws which will be ratified soon, especially after the settlement of disputes about. ”

He continued that “the law of the infrastructure comes in second place is no less important than in the budget and had a response from the Parliament and we believe that he is supposed to be returned to the House for approval because it is important.”

Iraqi Dinar GuruAdmin Shredd & BLC Member Chat 1-2-14

Finance: starting a law of customs tariff
Follow-up – and babysit – Minister of Finance Agency purity of net debt, on Thursday, the launch of a law of customs tariff, noting that the entry of goods will be through the new mechanism.

[lightingcslt] friggin awesome they did it

[tlm724] I was holding my breathe on that one, waiting for them to say nah not ready but…. they didn’t , they did it !

[tlm724] lightingcslt you know what this means ? “the Iraqi ports in Basra began, today, the implementation of the customs tariff law ”

[tlm724] it means the port customs office is linked electronically to the CBI and the MOP office …

[rsp1] *hallelujah*

[lightingcslt] tlm724 yes they finally did it !!

[rsp1] Woo hoo!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! It actually happened.

[lightingcslt] tlm724 oh s… awesome ty ! sweet

[rsp1] They’re gonna be amazed how much the tariffs will bring in.

[tlm724] billions !

[tlm724] yeppers its what I have been waiting to see

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Maliki and Barzani agree to deposit funds Kurdistan oil in New York .. Instead of Ankara Erbil – the birth of spring ..

Baghdad and Erbil reached a joint decision to spend deposit money Kurdish oil exports account for Iraq in the United States instead of depositing them in the bank Turkish government, contrary to Ankara’s insistence on deposit in the Bank of Turkish government.

[tlm724] Baghdad and Erbil reached a joint decision

[tlm724] hello !!! HCL !

[tlm724] bring it on baby !!

[tlm724] budget Saturday to the house too !!

Economic parliamentary confirm that the government will send a budget to the House of Representatives next Saturday

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Darraji: start the pivotal stations weight for trucks on the main roads in all provinces 02-01-2014 02:41 PM

[tlm724] pointing out that the law of the ways the new that has been passed in the House of Representatives and approved includes our laws and new provisions and penalties relating to the rules of conduct of large vehicles fast on public roads,

including violations by the owners of trucks with large loads. continued: where will the experimental operation of these stations as of 01/15/2014 will be adopted in the actual operation and application of the legal proceedings and the imposition of financial penalties as of 15.02.2014

[tlm724] they are regulating ! this is a big step for Iraq, they are becoming more civilized

[tlm724] where will the experimental operation of these stations as of 01/15/2014

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[tlm724] BondLady wow the news truly does get better and better everyday, talk about quantum leaps, they are over the moon in giant steps forward !! thank you so much for bringing it to us everyday ! We are on our way darlin …

[lightingcslt] so lets recap

[tlm724] *hallelujah* *hallelujah* *kickA* *m16* *mission*

[lightingcslt] chapter 7 done

[lightingcslt] hcl art 140 pretty much settled

[lightingcslt] tariffs in place

[lightingcslt] monetary policy collapsing

[lightingcslt] budget this Saturday

[therealbubbie] dogz says 10 year plan ends jan 17th !!

[lightingcslt] security security security

[lightingcslt] all this adds up to what?

[lightingcslt] whats next?

[tlm724] a green light situation !

[lightingcslt] *hallelujah*

[therealbubbie] I am putting my march marching boots back in the closet!!

[lightingcslt] tlm724 here I got a comment for ya one word, DONE !

Iraqi Dinar GuruAdmin Shredd & BLC Member Chat 12-30-13

Iraq’s chances to overcome security concerns among foreign investors

Baghdad / follow-up the obelisk: Financial Times newspaper published an article entitled “The chances of Iraq overcome security concerns among foreign investors.” Dealt with the investment opportunities for foreign companies in Iraq and to overcome the security situation.

[lightingcslt] awesome awesome awesome

[tlm724] now what is important with this one is this : it was published in THE FINANCIAL TIMES ! how many people read that ? Holy moly they are going to bust wide open !!

British newspaper: Iraq’s oil tempt foreign companies despite security concerns .Monday, December 30 1 / December 2013 11:21 . .Twilight News / British newspaper said that foreign companies heading to open branches and to do in Iraq “oil-rich” despite security concerns among foreign investors.

[tlm724] Iraq’s oil tempt foreign companies despite security concerns

[tlm724] *hallelujah*

[tlm724] that foreign companies heading to open branches and to do in Iraq “oil-rich” despite security concerns

[tlm724] that the international companies that Agrtha vast oil wealth in Iraq and the high growth rates in recent months begun works and expanded in the field of agriculture and construction in the field of energy

[lightingcslt] tlm724 awesome article

[tlm724] that among the companies that started activities in Iraq, Exxon Mobil and three Lebanese banks are Bank and Byblos Bank and Bank Audi Med

[lightingcslt] here they come

[tlm724] bring them on baby, this is exactly what we need to see, the willingness of investors and the fact that Iraq is actually getting a grip on security will boost the confidence of those investors !

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Kurdistan region terminate agreements budget in Baghdad

Monday, January 1 302 013 Written by news agency sparkleUp a technical delegation from the Kurdistan region to Baghdad this week as part of the start of the meetings of the joint committee, which agreed to set up last week to end disputes the federal budget for the year 2014.

[tlm724] this week as part of the start of the meetings of the joint committee, which agreed to set up last week to end disputes the federal budget for the year 2014

[lightingcslt] which agreed to set up last week to end disputes the federal budget for the year 2014.

[lightingcslt] *hallelujah*

[tlm724] which agreed last week to find solutions to them through the joint committee.

[tlm724] HCL!

Iraqi Dinar GuruAdmin Shredd & BLC Member Chat 12-29-13

Ghaidan: operations Anbar desert destroyed the majority of al-Qaeda camps and clans honest lifting tents

Follow-up – public opinion – The commander of ground forces first team Gen. Ali Ghaidan destroy the majority of camps and al-Qaida militants in the desert province of Anbar.

http://alrayy.com/100764.htm

[BondLady] Good morning everyone. It’s no secret Iraq is being blown up left and right through out all of their holidays,targeting citizens innocent people children …

I’m sure it feels it will never end for them…you have politicians doing terrorist acts and running hit squads and supporting the old Baathist party which was Saddam’s party and other countries which don’t want Iraq to succeed and all the tribes who are fighting each other.

Then you have the Sunni Shiite clan war and stuck in the middle of all this crap is about 35 million people waiting for security peace and home and country security
[BondLady] you have the USA who vowed to support Iraq in its fight against terror along with the UN, the USA sent them this last week sophisticated weapons machinery and intelligence, where to strike al-Qaeda with desert maps out side of Anbar and within.

[BondLady] you have Alwani, part of Allawis who is a Baathist supporter and he was caught red handed and so much of this crap is in Anbar, their home turf and Allawis demanding Alwanis release and apology,

cold day in hell for that if it was up to me and lest we forget Hashim is also part of Allawis click who ran hit squads and did bombings as well through out Iraq as Allawi has got support for Quater, Saudi Arabia and Turkey to disrupt any way he can to cause blood shed,

political bs and make sure not to move the country forward with passing laws and such with in parliament and he has his supporters as well within parliament to carry out his wants per the laws.

[BondLady] parl has given their blessings to Maliki and the army to take down al-Qaeda and terrorist groups as well as support of most of the tribes and clergy men

[BondLady] on our Christmas day too, church’s full of Christians were targeted, many many were killed and injured. Christians are fleeing Iraq and have for 10 years where there were millions before there now 1000’s, very sad to be a christian in Iraq.

[BondLady] all the support now that Maliki and the army are getting is marking the NEW IRAQ, out with terrorist and in with stability and peace !

[BondLady] now when Shabibi was the CBI governor what was the 2 things he said he needed most before he could move the dinar forward ?

He said he needed GOI cooperation and all to work together as a team and security. So you see them all working or most of them working for the same goal here, security and the government has giving the CBI and Turki their blessing to move the economy forward per the dinar !

[BondLady] as Iraq goes into the new year they will go international with the World Bank and IMF and WTO support and help through it, making the CBI able to deal in a huge way also in international banking but they must kick terror out of Iraq.

As of last night the army has hit the majority of the al-Qaeda nest’s in the Anbar deserts and have taking many terrorist out as they continue the revenge of the martyrs. They were able to do this with USA intelligence making a map of where to hit them

[BondLady] there seems to be a frenzy of things being done to secure Iraq as it edges into the new year, why now ??

[tlm724] hmmm good question …

[lightingcslt] hmmm

[BondLady] why didn’t they go all in before now? It certainly has been going on this strong for the last 2 years !

Big changes coming thats why and it requires stability in every way in country and economically to attract international investors and banks as they need to ad value to a crushed dinar but they needed these things to happen first and we’re seeing it all come about every single day !

They are serious and want to show and portray a NEW IRAQ to the rest of the world !!

[lightingcslt] *hallelujah*

[tlm724] there is definitely an urgency to their actions as of late

[BondLady] come on in world its safe now to do business in Iraq and we’ve done a lot to stop corruption as well bear with us and invest and we can achieve great things economically together

[lightingcslt] yes because they getting ready to go international

[BondLady] tariffs begin in a couple days and with that comes product protection, consumer protection, taxes on everything but food and that’ll take them into the WTO as well as enact the labor laws that go right along with it

[tlm724] that’s the catalyst to growth for the country and the currency !

[BondLady] anywhos I wanted to talk about the security and all that could mean to them and the world watching waiting for stability so they can invest and make tons of money too as they raise a brand new country like the phoenix….from the ashes it will rise ! And become the biggest power house with the largest economic growth in the world !

[BondLady] there ya have it , ty timmy

[tlm724] BondLady tyvm !!! we are getting there !!! sweet *hallelujah*

[BondLady] I’ll have other comments to some different articles too as timmy goes through her morning news

Economic parliamentary: next Thursday, the application of customs tariffs at border crossing points Baghdad – and babysit – Announced the parliamentary Economic Committee, for the government to apply the customs tariff on goods from next Thursday http://alrayy.com/100710.htm

[tlm724] *hallelujah*

[BondLady] that’s awesome

[tlm724] freakin awesome !

[BondLady] and think they calling for a 2 day holiday also when it begins, Wednesday and Thursday, new years eve and new years day. To mark a new year and great things to come for them and for us imo …

[tlm724] you been waiting 10 years to see that BondLady

[BondLady] yeppers a very long 10 yrs too

[lightingcslt] wow

[tlm724] BondLady *hallelujah*

[BondLady] to tax them on every single thing its gonna take to build a country, to tax them on labor as well

[therealbubbie] tariffs= a big step into the WTO !!!

[BondLady] every thing will be taxed EXCEPT for FOOD

[tlm724] therealbubbie yes !

[BondLady] this is what we needed to see and let the dinar grow in value as the economy explodes into great things the dinar rises rapidly as well as inflation so the dinar needs to rise along with the economy to control and curb inflation…make sense?

[lightingcslt] BondLady oh and its going to

[therealbubbie] yes !

Parliamentary Finance: increased tourism and shopping behind the rise in the dollar exchange rate Baghdad – and babysit – confirmed a member of the Finance Committee MP Najiba Najib, said the movement, tourism and shopping in the current period and the rise in the price of the U.S. dollar. http://alrayy.com/100745.htm

[BondLady] demand for the dollar rose, they need demand for the dinar to rise and demand for the dollar to slow

[tlm724] only one way to do that !

[BondLady] what happens when there is a demand for something ?

you must supply ! Supply and demand go together to raise the dinar rate but they got to do something to make the people want to use dinar and not dollars. They need to de-dollarize

[tlm724] and quick !

[BondLady] and how will they be able to make the people fall out of love with the dollar..also what they made the people do and that’s depend basically solely on the dollar. They need the people to fall in love once again with the dinar! But how ? any guesses ?

[tlm724] RV BABY !

[therealbubbie] 1 to 1+

[BondLady] make the dinar value as much or more than the dollar or move it in that direction, show the people good things are coming by moving the exchange rate so the people will have pride in their currency and not OURS !

Vice Kurdistan deal describes the political blocs law demarcation of the border between the provinces of “non-professional” 29-12-2013 10:53 AM Baghdad (news) ..

Description MP / Kurdistan Alliance / Shwan Mohammed Taha, treated political blocs law demarcation of the common border between the provinces of ‘non-professional’, stressing that the need for the need at this time for the application of the law.

http://www.ikhnews.com/index.php?page=article&id=112506

[BondLady] article 140 ! As long as their arguing about all this stuff that means there working to resolve it

[tlm724] yes !

[therealbubbie] well hurry up !

[BondLady] their work in all this stuff = fighting about it that’s how they work stuff out and pass laws and last week said it was a success !

[BondLady] said the committee’s they put together will over see it all and distribute the oil company’s money as well as the budget funds to the Kurds and the rest of the provinces,17% to Kurds.

To do all this and pass out the oil profits surely there’s the 4th and final part of the HCL in there being voted on as the committees will also be talked about in parliament come Thursday I think maybe next week though not sure because of the 2 day holiday 31st and 1st.

[therealbubbie] BondLady do you think that with the tariffs going into effect .. that they can wait another year on their currency !!

[BondLady] I don’t expect anything huge to happen on Jan.1 with out the budget being passed and gazetted we need that so do they and open it and distribute the funds

[BondLady] everyday after Jan.1st that goes by stalls and hurts the provinces reconstruction process.

All the jobs they have working won’t happen if theres huge delays and companies will get tired and discouraged about that so there is a urgency to that as well

but corrupt politicians are holding the budget just like the infrastructure law hostage for political gains per the elections

[tlm724] their bargaining chip

After carrying out research studies .. Ministry of Science reveal bacterial food poisoning in imported cheeses 29-12-2013 02:03 PM

http://www.ikhnews.com/index.php?page=article&id=112531

[BondLady] that’s laboratories they set up to do tariffs, product and consumer protection per the tariffs when they received goods from other countries. rotten goods .

I believe it was in 2011 they destroyed over 1 (one) trillion DOLLARS worth of rotten food sold to Iraq for the poor people to eat

[tlm724] crazy !

[BondLady] imported by the neighboring countries and paid for with USD by Iraq

[therealbubbie] yep !! BondLady

[BondLady] tariffs hold them accountable for the bs crap they send. Now iraq will flourish ! And the people will eat healthy good food, tariffs are huge and these labs are huge and much needed to ensure Iiraqs security ….per the food… so you have them working on all kinds of security now don’t we !!

[tlm724] in all ways !

[BondLady] banking security as the pass the money laundry laws the banking laws …banking and currency SECURITY.

Maliki and the Iraqi army as well as the kurds and the pershmerga army both working together to bring about COUNTRY..SECURITY and the tariffs will bring about the country’s FOOD…SECURITY, see the line up and connect the dots yet ?

[tlm724] the CBI is getting what they needed to make the currency reform !

[lightingcslt] tlm724 they had to do it

[tlm724] lightingcslt for sure !

[lightingcslt] WTO, BIS etc… demanded it !

[tlm724] lightingcslt IMF too

Called the Committee on Agriculture and Water Resources Council Diyala province to mainstream experience systems pivotal applied to large areas in Mandali on all areas of the province for the purpose of increasing the yield productivity of farmland.

http://www.ikhnews.com/index.php?page=article&id=112526

[BondLady] see this is agriculture and security within that too was a problem not having enough water to grow and de-desertize, the war made almost all if Iraq a sand castle in the sand, they were getting the worst sand storms ever

[BondLady] As many buildings and agriculture were none existent anymore now they are almost feeding ALMOST all of Iraqs vegetable needs, why because the world has stepped in with all the state of the art sprinklers and machinery to plant and harvest

[tlm724] BondLady they have stopped many food imports because they have grown enough to supply themselves !

[BondLady] now Iraq feeds most of Iraq

[tlm724] yes !

[BondLady] not only the vegetables they grow but the poultry and beef they raise too FOOD SECURITY and in abundance ! The farmers can finally be farmers, the herders can finally be ranchers and they can all prosper and be healthier and if it wasn’t for the tariffs and product protection the Iraqi goods they grow and make the consumer laws which protect them from bad or damaged or rotten imports,

the labor laws that ensure they will get paid appropriatly with the right taxes being taken out helping them build their retirement as they go per social security etc and all these things making 1000’s of jobs for jobless people giving them…JOB AND LABOR…SECURITY

[lightingcslt] tariffs = taxes

[BondLady] see how all these things are tying up together to become 1 huge economic package?

[lightingcslt] yes and what a lesson we have learned

[BondLady] you bet

[lightingcslt] I mean I know more about how a gov’t operates than ever before

[BondLady] we don’t need no stinkin rumors we have fact, things you can see, actual progress ! and can see what lies around the bend for them

[lightingcslt] and for us

[BondLady] where Iraq is heading in all areas

[BondLady] all this we have covered but you need to read them in full in the forum so you get a much better understanding of what we’ve tried to teach you about all these things coming together as one to move the country into stability and greatness !

Private banks need to be a real credit rating 12/29/2013 0:12 Demonstrated its ability to keep pace with global developments

http://www.alsabaah.iq/ArticleShow.aspx?ID=60878

[BondLady] Demonstrated its ability to keep pace with global developments !!!!!!!!!

[lightingcslt] that’s huge

[tlm724] all done and proven !

[BondLady] according to the plans of strategic stomach or the style of conservative investment in specialized sectors one of the most notable developments in the Iraqi banking sector. international standards specialist Balchan banking Muhannad Qasim said that the credit rating is one of the important topics and that took a long time from the central bank and private banks,

and that it’s complicated too much and needs to be an effort to contain it, pointing to the presence of classification for private banks in the light of international standards

[BondLady] international standards specialist Balchan banking Muhannad Qasim said that the credit rating is one of the important topics and that took a long time from the central bank and private banks,

[lightingcslt] just like you and shredd said, credit rating are so important !

Reconciliation: the completion of all transactions of the Justice and Accountability next February

http://www.alsabaah.iq/ArticleShow.aspx?ID=60891

[BondLady] retirement and social security

[tlm724] intensive efforts seems to be name of the game recently !

[BondLady] yes it has

[tlm724] love it !

Parliament proposes to resort to an advisory office to solve the problem of oil between the central and Kurdistan

http://www.dananernews.com/News_Details.php?ID=4285

[tlm724] an arbiter between them on the issue of dues of oil companies in the coming years, that’s pre-planning !

[BondLady] there’s the committee that will oversee all the new and old things implementing between Baghdad and Erbril and oil and gas and oil company’s

[tlm724] sweet ! I have never seen Iraq pre-plan anything !

[BondLady] implementing the agreements from their meetings last week between Barzani and Maliki which in their words was a success

[tlm724] BondLady *hallelujah* HCL, article 140 and Erbil agreement !

Details Expectations: 4.5 million barrels per day of oil production rate in 2014 29/12/2013 BAGHDAD / JD / .. Expected to Oil and Energy Committee in the House of Representatives higher rates of oil production to more than four million and 400 thousand barrels per day, while suggesting that the export rates to 3.5 million barrels per day over the next year.

http://www.dananernews.com/News_Details.php?ID=4286

[BondLady] now this is huge

[tlm724] 4.5 million barrels per day of oil production rate in 2014 *wolfwhistle*

[BondLady] does anyone know the very most bpd that Iraq ever did when Saddam was in office ?

[BondLady] the highest amount they ever did was 3 millon bpd.

They are now at 3.3 and in 2014 they hope to go 4.5 . Can’t keep a low dinar per that when back in the day it was 2

[BondLady] this was fun hope you all enjoyed the morning chat with me, timmy and lighters and that lil cocoa puffs bubbies

Iraqi Dinar GuruAdmin Shredd & BLC Member Chat 12-26-13

Accepting deposits in BIS achieve the benefit of Iraq 12/26/2013 0:00

One indicator of his return to the focus of attention of the world

[tlm724] attention of the world !

[tlm724] now this is Saleh speaking and he is in the know in terms of commitment to the decisions Basel

[tlm724] proves that Iraq is Basel compliant

[tlm724] while the cash reserve at the central bank comes to them after the government to transfer to the local currency (the dinar)

[tlm724] while the cash reserve at the central bank comes to them after the government to transfer to the local currency (the dinar)

[tlm724] this is Iraq’s plan for their massive reserves, now their money will earn interest too

. [tlm724] this line ” after the government to transfer to the local currency (the dinar)

[tlm724] that line ^^ can interpreted many ways

[tlm724] I read it as saying that Iraq will be using the dinar solely for transactions but that is just my opinion !

[tlm724] that the government will transfer to the local currency (the dinar)

[tlm724] the BIS contributes to strengthening financial cooperation and financial world

[tlm724] shows that the country has returned to the focus of attention of the world

[tlm724] and he has become a new investment environment with a strong financial activity because of the wealth and the huge potential possessed *hallelujah*

[BondLady] this will increase their credit rating also and make it possible to do further and bigger business with the international world, ans its basically saying see us we are coming back and a force to be reckoned with economically …***One indicator of his return to the focus of attention of the world***

[tlm724] *hallelujah* BondLady !

[tlm724] the BIS is the top dog ! They also input and regulate ALL exchange rates throughout the world !

[tlm724] every change in exchange rates MUST and DOES go through the BIS

[tlm724] so seeing Iraq putting their reserves in the BIS is an awesome thing !

~~~

26/12/2013 11:55

Finance Committee exclude the application of the project to delete the three zeroes through the next two years

Baghdad – and babysit – ruled out the application of the parliamentary finance committee the project to delete the three zeroes from the currency during the next two years because it would cause confusion for the Iraqi economy and increasing inflation rates of the country ‘by Ray Committee’.

[BondLady] don’t let this freak you out, even if it was true..which is questionable….it surely doesn’t mean they can’t or won’t raise the rates on the current dinar…just saying..

~~~

Baghdad and Erbil are discussing the state budget and oil revenues from the region

12/26/2013 0:00

[tlm724] It was decided to meet the technical committees and experts to study the contentious issues and come up with solutions before adoption of the budget.

[tlm724] we should see the HCL soon , before the budget Wink

~~~

Maliki and Barzani discuss the controversial files between Baghdad and Erbil

Sources: Iraqi Prime Minister wants a quick agreement on the export of oil region

[tlm724] Prime Minister wants a quick agreement *hallelujah*

[tlm724] that al-Maliki expressed his determination to reach an agreement about the file’s oil «in very quick time and the completion of this file

[tlm724] *hallelujah* *mission*

[tlm724] is expected to witness the coming days to more meetings until they reached an agreement

~~~

Member of the Finance Committee: Project credit card to state employees will create confidence in the banking system of the Iraqi

26-12-2013 11:51 AM

[tlm724] task that ensures that the employee salary easily and increase confidence in the banking system of Iraq

[tlm724] the project will provide a great effort regard to the transfer of large amounts of financial liquidity

[tlm724] that’s a great art too ! they are going electronic baby !

Iraqi Dinar GuruAdmin Shredd & BLC Member Chat 12-19-13

Dubai is home to the Central Bank of Iraq next month

BAGHDAD / satisfaction Shammari

Iraqi Central Bank announced, yesterday, for the organization (the Second Annual Conference of the financial sector in Iraq), the end of January 2014 the next in the Emirate of Dubai,

in line with the growing strength of the growth of economic development in the country, noting that the conference aims to display his strategy for financial and economic development,

and attracting investments and foreign banks for the country, while a bank official confirmed the British, on the importance of the creation of “comprehensive development” of infrastructure finance and banking to prop up the Iraqi economy, “a large and ambitious development process.”

[tlm724] Dubai is hosting the CBI and “The conference will serve as a commercial site for the reception of foreign delegations and a rallying point for international investors seeking to implement commercial projects in Iraq,”

~~~

Regardless of direct salaries housing system MasterCard 12/18/2013

[tlm724] pay of the staff of the ministry system card (MasterCard) through an ATM machine (ATM), which is one of the systems developed in the field of banking technology which is applied to the system for the first time in Ministries the state in step added to the achievements of the ministry to keep pace with technical and technological development in the world

[tlm724] *hallelujah* they are getting there !!!

~~~

Experts: Iraq and Kuwait that could mark a major economic power 12/18/2013

[tlm724] noting that there is a great desire for the investor and trader and industrial Kuwait to work in Iraq

[tlm724] as the return on capital which is high, as well as profits, in particular that Iraq needs capital to begin to walk in the footsteps of construction and reconstruction,

[tlm724] he called to address the red tape and obstacles encountered investors. exemption of goods into the customs

[tlm724] also proposed ” the development of roads and railway network between the two countries according to international standards to accommodate the large volume of goods and materials required for the construction and development process.”

[tlm724] Kuwait knows there’s a ton of money to be made !!

~~~

Council of Economic Reform 12/18/201

[tlm724] calling on the experts and need to complete the reform process at the formation of the economic reform and proposed in the draft law economic reform on its way to approval by the House of Representatives

[tlm724] *mission* now if they could just hurry things along we’d be set lol

~~~

A member of the parliamentary economics: the deteriorating conditions behind the spread of counterfeit currency 18-12-2013 10:53 AM

[tlm724] that fraud currency will affect the Iraqi economy, and lose the confidence of citizens in dealing with the Iraqi dinar

[tlm724] The process of rigging the local currency will lead to asylum most people to deal in dollars and thus weaken the purchasing power of the dinar

[tlm724] Central Bank and the Directorate of Economic Crime and the relevant authorities to take the necessary measures to prevent the spread of counterfeit currency in the local market

[tlm724] you see it’s not so much the USD being counterfeited it’s the dinar !

Iraqi Dinar GuruAdmin Shredd & BLC Member Chat 12-17-13

Industrial assembly holds the government responsible for poisoning the family in Nasiriyah for not activated the Consumer Protection Act 16-12-2013 12:54 PM

the Council of Ministers responsible for poisoning the family in Nasiriyah for not activating economic laws passed by Parliament since 2009

[tlm724] this shows a lack of thorough examinations on the materials and imported goods for the country that the Cabinet assumes all responsibility because of the lack of activation of economic laws

[tlm724] so how long are they going to let their children die from food poisoning ?

[tlm724] it’s a very sad situation but I am glad to see it in print, every citizen in Iraq needs to see this art and any others like it, if the GOI will not act then the people need to do something !

[tlm724] I pray these deaths won’t be in vain and that GOI will enact the laws that will protect their people

[cat] put nassif in charge

[tlm724] yes cat !

[tlm724] its ridiculous and these are deaths could have been prevented !!

[BondLady] and also timmy this …

[tlm724] yes ma’am

[BondLady] there will probably be a lawsuit. What do they hate the worst? Losing their money and it’s clear it is the GOI idiot fighting that’s to blame, they all hold a hand in this and if there was a death God forbid then they would pay big time and many more will be speaking out per this

[tlm724] as they should, there is no excuse that is acceptable !

[BondLady] because of corruption from other countries who don’t want to pay the tariff taxes it will cost them huge amounts..some in parliament have kept these 3 laws in limbo

[BondLady] to do one law you must do them all, so the fighting, political or other wise and the corruption are to blame here

[BondLady] they have to HAVE..TO begin tariffs and consumer protection an product protection of the local product

[tlm724] lives depend on it BondLady !

Member of the Finance Committee: the need for legislation for a special law to regulate the trade work 16-12-2013 09:33 AM

Baghdad (news) .. Stressed member of the Finance Committee MP / coalition of Kurdish blocs / Dler capable, the need to enact a law regulating the work of trade both operations import or export to support the local market. said is capable (of the Agency news):

The local market is still suffering from the dumping of the commodity materials lousy as a result of the absence of oversight and controls and laws governing the sale and purchase, import and export. ,

and added that the country needs to make decisions by the House of Representatives and the federal government pending the enactment of a special regulates trade in the country,

and the law for the protection of the consumer, in order to support the domestic market and to protect the citizen. This was announced that the Ministry of Health , the Directorates control its health in the provinces were able to destroy large quantities of food during the past period,

where observers believe that it came as a result of the lack of a thorough examination of goods entering the country, as well as the increasing cases of corruption and bribery at border crossing points.

http://www.bondladyscorner.com/t85271-member-of-the-finance-committee-the-need-for-legislation-for-a-special-law-to-regulate-the-trade-work

~~~

12/16/2013 12:03

Agriculture: Livestock recorded during the current year significant growth

Baghdad – and babysit – The Ministry of Agriculture recorded a significant growth of the livestock Vinegar year 2013.

[tlm724] they are so close to being self sustaining and then they can actually being to export

[BondLady] product protection is a must have because they are so close, consumer, product and taxes

[tlm724] yes it protects the purchaser and the seller

~~~

Economic parliamentary: Some investment laws delayed the progress of the private sector

Baghdad – and babysit – Izzat Economic Commission, the weakness of the private sector in Iraq to the absence of the application of laws investment mission, saying it supports the sector.

[tlm724] the economists are screaming for these laws ! wake the he.. up GOI *slap*

[tlm724] BondLady is right this is gonna get ugly !

[tlm724] the GOI has pushed their luck ! and I guess that is the only way they will get these done

~~~

Taxes licensing rounds will appear next year

12/16/2013 0:00

[tlm724] stressing that the tax revenue obtained from these companies will appear next year, being able to achieve profit During the period the last few years

[tlm724] in addition to the establishment of training courses for cadres of the body, including the development of financial management and auditing the financial statements of companies that reap taxes in collaboration with the World Bank and the Treasury Department.

[tlm724] big money coming !

~~~

Baghdad welcomes the agreement between the oil Ankara and Erbil on condition of marginalized

Sunday, December 15th, 2013 20:43

[tlm724] the HCL was passed years ago just never implemented so we see Baghdad is now willing to go forward with this as long as there is a meter on the pipeline to monitor the amount of oil being exported ( which by the way there is a meter) and the oil is sold at a fair market price and the revenue from the sale goes into the DFI , so we are right there as far as the HCL

Iraqi Dinar GuruAdmin Shredd & BLC Member Chat 12-16-13

[tomsrunners] tlm724 Do You still believe this is going to happen?

[tlm724] tomsrunners the RV you mean ?

[tomsrunners] tlm724 yes. sometimes you just wonder

[tlm724] tomsrunners I have no doubts that it will indeed happen and I understand how you feel but I look at the big picture let me explain a few things since you asked. We’ll just look a few things ok

[tlm724] imo Iraq is on the verge of an RV, when ? NO one knows that but…think about this please

[tlm724] Iraq has told the WTO they will deal and pay internationally in dinar and the IMF requires under article 8 of agreements that Iraq deals in one currency ONLY and could they use the dollar, I don’t know that for sure but I don’t think they will because they have stated that the Dinar will be returned to its former glory

[sisterbreen] tlm724 yes !

[tlm724] their pride is to our advantage and they would not ,for all these years formulate a plan to delete the 3 zeros, which coincides with an increase in value if they weren’t going to do just that ! That being said lets just talk for a moment about the CBI

[tomsrunners] tlm724 ok

[tlm724] when Shabibi was in change there was little or no movement towards a new monetary policy was there ? He helped formulate it but that was it, he was slow grow was he not ?

[tlm724] well now we have our boy Turki in the drivers seat and things are moving along much faster now

[tlm724] we see the economic reform bill out for negotiation and we see the Banking laws being amended as we speak in conjunction with the Finance Committee

[tlm724] Shabibi did nothing !

[tlm724] all things considered and looking at the whole picture I think we are in the best spot we ever have been !

[tomsrunners] tlm724 What I don’t understand is if its in the best interest of everyone including those in charge, why not be pro-agressive?

[tlm724] tomsrunners I hope that helps , you really have to consider ALL things before us and all that has been achieved, remember Iraq is now a sovereign country

[tlm724] tomsrunners they actually are being aggressive … they have been released from Chapter 7 they are paying off all external debt and they are in the final negations for the WTO, they are amending the necessary laws to move forward with the economic reform and the currency reform and are meeting the requirements of the IMF

[tlm724] you have to look at the whole picture and when you do you will see a beautiful thing before us

[tlm724] this is international finance and a whole country being transformed in front of our eyes, it’s not a simple clear cut thing, there are more steps involved then we will ever know

[tlm724] any other questions ? and no I don’t have a rate or date

[tomsrunners] tlm724 Thanks for your time Tim, this helps more than you can realize, Now I can share this info with the people I care about and help keep them informed. Have a Great Day then

[tlm724] tomsrunners my pleasure and ty !

Iraqi Dinar GuruAdmin Shredd & BLC Member Chat 12-14-13

Call for application development plans in accordance with the Financial Administration Act

12/14/2013 0:00

[tlm724] this act is going to change the whole economic landscape of Iraq !There is alot of very important information in this article so let me point out a few things

[tlm724] morning called academic economic d. Majid Baidhani those responsible to adhere to the law of financial management and public debt in relation to plans for economic development and stabilize the economy regulated by the Financial Administration Act and Debt year 94 of 2004 tax policy and budgetary policy in line with international best practices

[tlm724] that this law comes by issuing government bonds and debt repayment year for the purpose of supporting government funding and promotion of confidence the economic structure of the country

now the real important part is this : that the Ministry of Finance is the official charged with preparing the final account and federal budget plans for economic development and the pursuit of macroeconomic stability and economic policy and applicable laws and regulations

[tlm724] the Ministry of Finance is the official charged with the applicable of laws and regulations for the nations economy

[tlm724] implementing the federal budget for Iraq and things related to it, where it should be published budget information in accordance with the internationally accepted standards

[tlm724] in accordance with the internationally accepted standards in particular based on forecasts wise and moderate prices of petroleum and petroleum products, tax and customs revenue.

The Ministry of Finance to prepare plans in collaboration with the Central Bank and other ministries.

[rsp1] If the MoF is the official charged with it, once he does his thing, does it need to be voted on too?

[tlm724] no

[rsp1] Yipppppeeeeeeeeee and ty

[tlm724] tax and customs revenue. The Ministry of Finance to prepare plans in collaboration with the Central Bank and other ministries

[tlm724] in collaboration with the Central Bank

[rsp1] I like the “collaboration” part

[tlm724] in collaboration with the Central Bank

[tlm724] the budget itself of course needs to go through parliament

[tlm724] what I am pointing out here is this

[tlm724] the Ministry of Finance is the official charged with the applicable of laws and regulations for the nations economy and that the FC works in collaboration with the Central Bank including the Banking Laws and tax and customs revenue

[therealbubbie] what I am pointing out here is this… J U S T D O I T !!!!!!!!!!!!!!!!!!!!!!!!!!

[tlm724] ty bubbies lol

[tlm724] recently it has become apparent that the Finance Committee plays a larger role in our investment . More so then I thought so lets keep an eye on them !

~~~

250 industrial projects require sophisticated technology

12/14/2013 0:00

“The country presents investment opportunities for partnership between the public and private sector in investment projects, especially as the body supports a large fiscal and monetary policy in giving new opportunity for the private sector to find Banks advanced banking through monetary policy and financial legislation for the sake of policy Anfaqah Rashida put the investor finds opportunities great job in the private sector

[tlm724] that the “Investment Law No. 13 for the year 2006 have been performed by a lot of adjustments, but he did not do properly because it is linked to a number of laws should be legislation and activated including the Companies Act and the Income Tax Law and the Labour Law and Consumer Protection Act and the tariff law,

which laws supportive and specific to the nature of the investment. ” The Economic Commission for its part, proposed the enactment of a special industrial investment works to bring and encourage companies domestic and foreign investment in the industrial sector in Iraq.

[tlm724] it is linked to a number of laws

[tlm724] Consumer Protection Act and the tariff law

[tlm724] I truly believe that things are lining up nicely for these laws to be amended as we see more tariffs being implemented on Jan 2nd

~~~

Yasiri: failure to reach solutions on the allocations of the province and the Peshmerga Selja Parliament by a majority vote on the budget 14-12-2013 08:40 AM

[tlm724] will focus on the proportion of the allocations of the Kurdistan region and the Peshmerga and the dues of companies operating in the region

[tlm724] that’s art 140 and HCL

[rsp1] *hallelujah*

[tlm724] in the event of failure to reach a solution will be forced to resort to the principle of majority vote on the state budget

[tlm724] kurds won’t like that majority vote, they already got it once so maybe we will see a real solution here

Iraqi Dinar GuruAdmin Shredd & BLC Member Chat 12-10-13

Najib announces postponement of the implementation of the lifting of the zeroes from the currency to the next parliamentary session

Baghdad – and babysit – announced the parliamentary Finance Committee, the central bank to postpone the project raise zeros from the Iraqi currency to the next parliamentary session.

[tlm724] “There were preparations and preparations by the administration about that restructuring of the Iraqi currency, including the deletion of zeros, and they had the good steps taken by them on this issue and were waiting for government approval to start the project.”

[tlm724] that just shows us they have made all the preparations for the project – and that Turki has other plans and procedures

[tlm724] I am thinking the banking laws

[tlm724] saw the deletion of zeros as a “necessity” because the figures in the current difficult currency counted

[tlm724] that’s right the currency is so bad that he must do something !

[tlm724] the central bank is the owner of the decision to choose the time of implementation of this project — it’s all up to Turki, he has the power !

[tlm724] She Najeebeh the belief that “near the parliamentary elections to make the central bank thinks postponing the implementation of the deletion of zeros or restructure the currency beyond the elections and the formation of a new government

[tlm724] she is stating this as her belief , so consider it an opinion only

[tlm724] the point is that they are ALL talking about it and Bondlady has said when they are talking there is action so this means this project is front and center !

~~~

12/10/2013 13:49

Parliamentary Energy: oil investment law will support the oil sector and develops

[tlm724] so we see their mentality changing about outside investors, they know now that they need the help to build these refineries and that it will be a partnership

[tlm724] just the fact that they are acknowledging that is a huge step for them !

~~~

Albjara: Develop strategies to import goods subject to the application of laws, economic laws 10-12-2013 08:28 AM

[tlm724] that the status of strategies for imports to prevent flooding the market process is useless, unless it is the application of the laws of economics

[sisterbreen] tlm724 can they implement any of the tarriff without a tradeable currency

[tlm724] sisterbreen yes there have been tariffs on certain goods for a few years now – but when they are ready to ascend to the WTO thats different Wink that’s where things change

[sisterbreen] ty

[tlm724] yqw

[tlm724] that putting strategies in particular limit the import to prevent flooding the market will not work unless it is applied to all economic laws, which postponed under the pretext of lack of flooring administrative and logistical her

[tlm724] unless it is applied to all economic laws – which postponed under the pretext of lack of flooring administrative and logistical here

[tlm724] in this instance pretext is right, we have seen where they have already have offices opened and ready on the main borders

[sisterbreen] hmmm

[tlm724] they are ready they just need these laws !

~~~

Defer the adoption of economic laws broken to the House of Representatives next

Posted 10/12/2013 10:16 AM

[tlm724] that the deportation of economic laws to the House of Representatives next would undermine investment operations that have been announced

[tlm724] the Iraqi Central Bank, has confirmed his quest to amend the banking laws commensurate with the current situation

[tlm724] that the money-laundering law is the most prominent laws that seek to modify it

[tlm724] the central bank discussed with the competent legal possibility of amending the banking laws

[tlm724] in order to develop and make them commensurate with the work the current banking.

[tlm724] that there is a set of economic laws = Bondlady’s basket

[tlm724] The economic laws of the law to protect the national product and consumer protection, infrastructure, law firms, oil and gas and the founding of the company’s national oil and tariffs

[tlm724] ​​in April 2010, in collaboration with experts from the United Nations projects for economic reform includes restructuring of the Iraqi economy

[tlm724] confirms a study by the U.S. Agency for International Development to review and reform of the economic laws will return to Iraq a number of benefits

[tlm724] the provision of government costs and reduce corruption as well as Iraq to get international recognition and improve Ranked globally and configuration to join the World Trade Organization

[tlm724] as well as Iraq to get international recognition and improve Ranked globally and configuration to join the World Trade Organization

[tlm724] ^^^ thats shows us that not only is the United Nations invovled but also the U.S. Agency for International Development, now you can’t tell me thats not good ! The tariffs and the protect the national product and consumer protection laws are the key to Iraq’s accession into the WTO

~~~

Economic diversity

12/10/2013 0:00

BAGHDAD – morning ended the Associate Administrator of the U.S. Agency for International Development Marc Vairstin and Acting Assistant Director Alina Romanoski their visit to Iraq.

[tlm724] U.S. Agency for International Development

[tlm724] and Shawis discuss the future of the economy and the efforts of the U.S. Agency in support of economic diversification

[tlm724] were briefed on the various projects sponsored by the U.S. Agency for International Development

[tlm724] project management reform “thread.

[tlm724] imo reform thread = exactly what we just saw above ie: the U.S. Agency for International Development, now you can’t tell me thats not good ! The tariffs and the protect the national product and consumer protection laws are the key to Iraq’s accession into the WTO . That is how you diversify an economy !

~~~

Adoption of the single window attracts investment

12/10/2013 0:00

intended system of single window to meet representatives of all economic departments related to the investment, such as taxes and the Registrar of Companies and the customs and economic cycles other in one place to reduce the red tape and reduce the episodes of the audit on the investors and owners of companies.

used to take several months because of the large number of rings routine and the intersection of some of the laws

[tlm724] so this single window ( a central point for all things nessecary for the investor) will put things on a fast track and eliminate all the red tape and achieve economic development and reconstruction

~~~

Securities Commission

12/10/2013 0:00

BAGHDAD – morning preparing the Securities Commission in collaboration with the Trade Bank of Iraq (TBI) provide Mlakatha smart card (Ki) for the disbursement of monthly salaries beginning of next year.

[tlm724] smart card (Ki) for the disbursement of monthly salaries beginning of next year

[tlm724] *hallelujah*

[tlm724] the global system supports reducing the circulation of currency and use cards

[tlm724] sweet !!

~~~

The effects of the decline of public debt in the economic performance

12/10/2013 0:00

[tlm724] the need for post-2003 liberalization

[tlm724] financial institutions working for the settlement of foreign debt because of their extensive experience

[tlm724] The government has contracted with four financial institutions and global banks as external advisors who provide advice, support, and consulting with all Maitalq settle Iraq’s foreign debt

[tlm724] is to provide support to the Ministry of Finance to settle the debts of trade creditors foreigners – became the end of last year (3.681 billion) dollars

[tlm724] domestic debt strategy, that the funding process is the issuance of the first two types of securities (treasury transfers or treasury bonds)

[tlm724] that’s how they are dealing with it, I like it

~~~

Finance Committee requires the approval of the Exchange Control Bureau dues companies operating in Kurdistan

10/12/2013

[tlm724] demanded financial control to ratify the dues oil companies operating in the Kurdistan region, and in the case of counting validation, will be allocated within the budget in 2014

[tlm724] *hallelujah* lets do it, wrap up the HCL with a bow !

~~~

Defer the adoption of economic laws broken to the House of Representatives next

 Baghdad / term

[tlm724] that the deportation of economic laws to the House of Representatives next would undermine investment operations that have been announced

[tlm724] investment operations that have been announced

[tlm724] the Iraqi Central Bank, has confirmed his quest to amend the banking laws commensurate with the current situation

[tlm724] in collaboration with experts from the United Nations projects for economic reform includes restructuring of the Iraqi economy in accordance with the requirements of the transformation of the general economy centrally planned to a market economy

[tlm724] the economic laws will return to Iraq a number of benefits

[tlm724] Iraq to get international recognition and improve Ranked globally and configuration to join the World Trade Organization

[tlm724] *hallelujah* if the UN and Us have half as much influence in Iraq that we think they do then these laws may actually see the light of day very soon

Iraqi Dinar GuruAdmin Shredd & BLC Member Chat 12-8-13

[tlm724] it won’t be long and we will know one way or the other !

~~~

Economists warn of total reliance on oil and they claim to support the industrial sector to diversify the federal income 08-12-2013 10:37 AM

[tlm724] note in each year that the government allocates funds for the industrial sector within the federal budget to be distributed to the industrialists in the form of loans, but the Industrial Bank lagging distribute and ending fiscal year and industrialists did not get something out of the money, saying there is a problem in the implementation.

called head assembly industry: Government to provide full support for the industrial sector to achieve economic development in the country,

he will absorb unemployment and reduce the poverty rate in the country, which have begun to increase annually, as well as providing currency difficult for the country that go billions of dollars annually for the purpose of foreign imports.

[tlm724] billions of dollars annually for the purpose of foreign imports

[tlm724] that’s right, how can you bring your country into a free market economy while losing billions of dollars every year ? The answer: you can’t !!

[tlm724] They must implement the tariffs and pass The Law on the Protection NOW ! Let me show you some thing from the other day

Minister of Planning / Minister of Finance and Director of the Agency to discuss with the World Bank in the Middle East and the development of the reality of the Iraqi banks

[tlm724] He pointed out that His Excellency the Minister of Finance and the Ministry strives to implement the customs tariff law before the end of this year and will start with luxury goods such as electrical appliances, alcoholic beverages, tobacco and so on ..

Pointing out that the application of the law will be initially manually pending the completion of the preparation of the integrated electronic system by taking advantage of the experiences of other countries and programs in this area

[tlm724] http://www.bondladyscorner.com/t84540-minister-of-planning-minister-of-finance-and-director-of-the-agency-to-discuss-with-the-world-bank-in-the-middle-east-and-the-development-of-the-reality-of-the-iraqi-banks

[tlm724] the Ministry strives to implement the customs tariff law before the end of this year

[tlm724] the Ministry strives to implement the customs tariff law before the end of this year

year

[sisterbreen] tlm724 tlm724 tlm724 yip

[tlm724] I don’t know what else to say Wink

~~~

Iraq declares its readiness to participate in the meeting of the Common Fund for Commodities

08/12/2013

[tlm724] another step in the context of the restoration of Iraq’s stature

~~~

UN confirms its commitment to support Iraq 8/12/2013 0:00

Commended the efforts of the government in the implementation of the national strategy to reduce violence against women

[tlm724] demanding the government «to enact comprehensive legislation and allocation of funds for the implementation of Alstratjah national address violence against women

[tlm724] hey there was an art yesterday afternoon, let me grab it

[tlm724] here it is

Breaking News Hakim: SIIC to endorse all laws for women, if granted legislative authority Published: 2013/12/7 18:50 Hakim: SIIC to endorse all laws for women, if granted legislative authority Baghdad (Forat) –The head of the Supreme Iraqi Islamic Council, Ammar al-Hakim, assured adopting the big aims that promote the role of women in society.

In his speech during the celebration of the Islamic Anti-Violence Against Woman Day, he said “We have adopted a project for establishing a Supreme Council for Woman, a project for establishing Woman Bank that finances the Productive and Economic projects related to Woman and if we have the legislative authority we will endorse all the laws that serve woman.”

[tlm724] a project for establishing Woman Bank that finances the Productive and Economic projects related to Woman and if we have the legislative authority we will endorse all the laws that serve woman.”

~~~

Presence of international banks in Iraq, the economy revives

8/12/2013 0:00

Chalabi: with the introduction of modern technology will be a competition for the most

[tlm724] in answering a question (morning) on the evaluation of the workshop for amending the banking laws said that the local economy is heading towards an open market economy

[tlm724] that private banks were able to develop their capital and now has the money high require investment in projects develop the local economy

[tlm724] pointing out that it would require an amendment to the laws in force and this is what is running on the central bank now.

and pointed out that the workshop CBI, which recently organized and stood at the article (28) which is obstacle to the entry of banks to invest their capital in investment projects directly and there is a tendency to make the necessary adjustments on them.

[tlm724] there is a tendency to make the necessary adjustments on them

[tlm724] there ya go Turki must be fixing the banking laws !!!

~~~

Tariff would halt rising prices

8/12/2013 0:00

BAGHDAD – morning – Mustafa al-Hashemi

said economic expert, Dr. Hilal Taan that the application of the tariff law partially limit the high prices being applied to materials and goods to upholding citizens’ lives directly.

[tlm724] has revealed a tendency government to apply tariff law in part on certain goods this month *hallelujah*

[tlm724] this law will also limit the chaos Economic and Financial existing

[tlm724] that they can be to start the process of applying the tariff law before the end of the month.

[tlm724] last June creating procedures and supplies in the border areas for the purpose of the introduction of the tariff law end of the year ongoing

[tlm724] *hallelujah* *hallelujah* *mission*

~~~

Parliamentary economy calls for the use of international organizations for the development of the banking system of the country 08-12-2013 08:14 AM

[tlm724] added that the government and the central bank, demanding using global organizations and advisory bodies International to provide studies and plans for how to promote and develop the banking system in the country

[tlm724] sounds good to me

[tlm724] but remember the World Bank has been holding their hand a long time now, surely they already had this planned out

~~~

Parliamentary Finance: the need for the enactment of a special industrial investment to support private sector

[tlm724] investment has so far failed to take its real role in the promotion and development of the Iraqi economy, as a result of the absence of laws that support

[tlm724] “It has to be reconsidered investment law and legislation of a special law for industrial investment

[tlm724] they need to get this done and they know it !!

~~~

08/12/2013 12:22

Transport signed a contract with a company (cma) for the transfer of French goods

This contract contributes significantly to the work of the dry channel that desire railway activated, which contributes to lift the Iraqi economy and the achievement of a good percentage of the profits

[tlm724] it’s all about trade !!

Iraqi Dinar GuruAdmin Shredd & BLC Member Chat 12-5-13

Economist: the time is right to apply the project to delete the three zeroes from the currency 05-12-2013 10:00 AM

Baghdad (news) .. Said economic expert Dargham Muhammad Ali, to the present time appropriate for the application of the project to delete the three zeroes from the Iraqi currency, the fact that the exchange rate of the dinar relatively stable during the current period.

[tlm724] “the central bank is linked to coordination with the governmental institutions and the private sector to encourage the promotion of the new currency in the market”

[tlm724] he is saying the CBI “could ” do it as they are linked already

[tlm724] Shredd gm , nice to see you

[Shredd] gm my good friend, how are you today?

[tlm724] and will offer incentives to the banks to encourage them to “push” the new dinar

[tlm724] Shredd doing great ty just reading an art let me show you

[tlm724] so he is saying the dinar is nice and stable (within the 2 % threshold set by the IMF) and they have plenty of reserves to back the new currency

[tlm724] “and continued to be a transitional period of not less than two years are traded on the two currencies together and start a promotional campaign expanded for the new currency ”

[tlm724] and he suggests that it take at least two years for the completed transition, let the two different dinars co-exist for 2 years also while the people exchange the old notes and get used to the new notes

[tlm724] “where the intervention of all within the existing equivalent of the dollar”

[tlm724] I believe he is saying it will equal to a dollar

[Shredd] yes, another great article for the zeros project……… and I agree timmy

[Shredd] even though we can discount economist opinions somewhat against what the CBI would say, they are economists after all and they see the benefits

[Shredd] it really makes common sense for this situation that, to remove the larger notes, a par rate would be necessary

[Shredd] even if they didn’t care to take in the old notes (which they do) they still need to maintain currency supply and sure, they could keep using the usd for years to come, but really they cannot…. we’ve seen that mounting, overwhelming expectation that Iraq utilizes it’s own currency

[Shredd] plus, the articles from the FC and EC spouting off about the project

[Shredd] they see the economic side of it but I believe the CBI is being very political in their approach meaning protecting as much of the details around this project as possible to mitigate the corruption

[Shredd] so great article tlm724

[tlm724] and also the CBI put out that announcement that they wanted the opinions of all the banks as well as other financial experts as to the banking laws etc… so IMO all these varying opinion’s do have influence to an extent

[Shredd] tlm724 yes, agreed….

[tlm724] Shredd *hallelujah*

~~~

Invitation to encourage the bond market in the stock market

5/12/2013 0:00

BAGHDAD – Hussein al-Tamimi Tgb

said an economist Haseeb Kazim said the Iraqi market for securities needs to support continuous pointing out that he represents the most important sources of financing for the money medium and long term.

[Shredd] this article really just spells out the purpose behind the bond market… funding projects because they all need financing… and encouragement for investment…… which is the source of the funding

[tlm724] which requires accelerating the issuance of appropriate legislation to take its way in the service Iraqi economy

[Shredd] and banks like mine provide the investment and custodian services so new banks meaning a different type of banking…..the investment conduit for the financial product market

[tlm724] so do you believe the new banks ie: Standard Charter will provide those custodial services ?

[Shredd] yes in part and more to come including domestic power houses once this market goes international so, wto ascension is needed which brings a free market economy and a market driven currency

[Shredd] so it’s easy, really, to see this all unfolding in front of us as the beginning stages of investment on a securities level

[tlm724] they are building this economy one brick at a time, I am excited that they are at the stage of adjusting the banking laws to bring it on !

[Shredd] yes, and that has be crucial

[tlm724] right ! they can’t go forward without them !

[Shredd] international investors aren’t going to dip their toes in Iraq if the waters aren’t as safe as doing so elsewhere

[tlm724] a little incentive

[Shredd] right now, they are growing local investment, which comes first

[Shredd] right, incentive !

[tlm724] Shredd tyvm !

~~~

Browning the role of the private sector in the field of energy requires global sourcing

5/12/2013 0:00

BAGHDAD – morning – Mustafa al-Hashemi

is the subject of the entry of the private sector in the field of energy and mature role through the expertise of international companies – according to those involved – things that lays the foundation for a competitive environment with the public sector to provide services diversified energy to the public, at a time resound invitations specialists in economic affairs the need to actively involve the private sector in the development process

[tlm724] said the plan will provide for Iraq about five to six trillion dollars and provide approximately Ten million jobs for Iraqis in important industries sophisticated, put Iraq on a global level in some large industries, especially petrochemical industries, pointing out that Iraq will be in the field of energy in the forefront of countries in the world and turn into a diverse country economy and sustainable development also will increase the standard of living for Iraqis.

[tlm724] *hallelujah*

~~~

Expand economic ties

5/12/2013 0:00

Baghdad Al-Sabah praised general manager of TBI Hamdiya dry on efforts to expand the circle of economic relations with blocks its weight in the global economy.

[tlm724] a sign of the desire of the international companies specialized to work in Iraq and investment in all sectors

[tlm724] *mission*

[tlm724] sweet !!! bring it on

Iraqi Dinar GuruAdmin Shredd & BLC Member Chat 12-3-13

Baghdad Council is considering building banks in areas of the capital

3/12/2013 0:00 Baghdad Isra Samurai studying the Baghdad Provincial Council building banks in areas that lack a presence in the capital.

[tlm724] showed that the council will coordinate with the ministries of Finance and municipalities as well as the Secretariat of the capital and the province of Baghdad to implement project if obtaining approvals, early next year

[tlm724] that the mechanism aims to provide banking services to the citizens in each district of the capital,

~~~
89 billion dinars insurance reserves 3/12/2013 0:00

Baghdad – Mostafa Hashemi revealed National Insurance Company under the Ministry of Finance for the total technical reserves have reached 89 billion and 282 million and 544 000 dinars during the last year.

added source in the company (morning) that the annual report of the Board of Directors of the National Insurance Company confirmed that it came against the reserves amounted to 70 billion and 825 and 595 000 dinars in 2011, an increase of 26 percent.

tyvm gaffi ~ Insurance reserves are assets kept by an insurance company, a bank or other financial institution to cover it against future claims and unforeseen circumstances. Insurance reserves insure that an institution has funds available to honor its claims and payment premiums.

~~~

Banker: Amendment of Article 28 of the Banking Act will boost investment in the banking sector 03-12-2013 09:42 AM

Baghdad (news) .. Banking expert said Mohsen Ali, the importance of the amendment of Article (28) of the Banking Act public to support investment in the Iraqi banking sector, calling for the need to strengthen relations with Arab banks for the advancement of local banks.

[tlm724] The Federal Government is required to support the banking sector in terms of amending the laws

[tlm724] that should open the door to massive growth when this is completed

[tlm724] there will be plenty of money to lend out !

~~~

03/12/2013 12:40

Economic parliamentary: chunked national project is a positive step for the development of the banking system

Baghdad – and babysit – A member of the Committee on Economy and Investment Mura’bi MP Hussein, the National divider is a positive step to facilitate citizens and businesses deal with the banks, according to modern technology.

[tlm724] “the project will contribute to linking the divided national government banks and private banks,

[tlm724] that ^^^ is exactly what I was talking about in our recent chat, linking all the banks electronically

[tlm724] a unified communications network for trading by bank credit cards that will facilitate the banking business

[tlm724] *hallelujah* they are getting there !!!

[tlm724] and they are training the staff too, we saw it the other day, World Bank is doing the training

Iraqi Dinar GuruAdmin Shredd & BLC Member Chat 12-2-13

Economists: the need to issue coins for small groups to keep them from damage 02-12-2013 10:36 AM

Baghdad (news) .. Report / Bushra Khalil / .. Suffering of the Iraqi street of the scarcity of the currency of a small category (250, 500 and 1000) dinars, and found it undamaged and Mthtrh, and became citizens upset of used and especially the owners of taxis and commercial markets, but they accepted the deal out to preserve the continuation of their work in a streamlined way.

[tlm724] remember Yassiri let it slip out about the beginning of the year for the deletion of the zero’s and now we see this “that the bank will start next year by issuing new currency, and will dispense paper currency damaged gradually, adding that the currency small is of great significance in the market by re-remaining amount (scrap)”

[tlm724] and Yassiri also said that the deletion will correspond with the increased value

[Broncoroper] that good

[tlm724] thats very good !! It is what we seek…

[Shredd] good article,……now, we just need to hear it from Turki!

Member Reflection wrote:I thought he slipped and said deletion would begin in 2014…..not really specifying when in 2014…. Maybe I missed something? Never the less, it’s good news.

[tlm724] Here is Yassiri’s quote “the application of the decision to lift the zeros, will contribute significantly to reducing the monetary blocs to quarter, which coincides with the increase in the value of the Iraqi dinar.” He explained that “the Central Bank informed that he strives to accelerate the implementation of the project beginning in 2014.”

~~~

Finance is seeking to open a branch of the Rasheed Bank in Turkey 2/12/2013 0:00

Agreement with the World Bank to develop a cadre of Baghdad, Ahmed Abed Rabbo opens the Ministry of Finance during the coming days, a branch of the Rasheed Bank in the Turkish capital of Ankara, as revealed from its agreement with the World Bank on the development of expertise among workers in state-owned banks.

[tlm724] Finance is seeking to open a branch of the Rasheed Bank in Turkey 2/12/2013 0:00 Agreement with the World Bank to develop a cadre of Baghdad, Ahmed Abed Rabbo opens the Ministry of Finance during the coming days, a branch of the Rasheed Bank in the Turkish capital of Ankara,

[tlm724] for the purpose of expanding the bank’s activities outside the country, with plans to open another branch in Brazil, noting that the bank opened two new branches in Romania and the United Arab Emirates

[tlm724] *hallelujah*

[tlm724] noting that the ministry had previously set up programs to train cadres of banks and working on the adoption of the electronic system in the banking business within the project of restructuring the banks in order to provide better services to the customer banking in the country and support the Iraqi economy in general.

[tlm724] previously set up programs to train cadres, already trained Wink

[tlm724] we see them branching out and international banks coming in, all great news !!

[lightingcslt] excellent art timmy

~~~

Deputy: the application of tariff revenue will provide financial support to state and local product 02-12-2013 11:59 AM

Baghdad (news) .. Noted the parliamentary Finance Committee, the necessity of the application of the Tariff Act, he will boost state revenues and financial support of the local product, as well as it reduces the rates of inflation in the country. said Vice Chairman of the Committee MP Ahmed Faizullah (of the Agency news): The most well the world to have a law for tariff Customs only Iraq, pointing out that he was approving the law since 2010 and has so far not been implemented on the ground.

[tlm724] stressing the need to be applied at the present time because of its importance large to support the economy

[tlm724] do it !!!

[tlm724] customs borders are ready, we read that awhile ago !

~~~

Deputy: the application of tariff revenue will provide financial support to state and local product

Baghdad – and babysit – noted the parliamentary Finance Committee, the necessity of the application of the Tariff Act, he will boost state revenues and the financial support of the local product, as well as it reduces the rates of inflation in the country.

[tlm724] “most countries in the world to have a law tariff only Iraq, pointing out that he has been since the law was passed in 2010 and has so far not been implemented on the ground

[tlm724] so without the protection of products law they cannot fully implement tariifs so we have to watch for this law

_________________

Reflection: Thank you Timmy. All great news.

This is what I thought I remembered reading…..

[tlm724] Here is Yassiri’s quote “the application of the decision to lift the zeros, will contribute significantly to reducing the monetary blocs to quarter, which coincides with the increase in the value of the Iraqi dinar.” He explained that “the Central Bank informed that he strives to accelerate the implementation of the project beginning in 2014.”

That, to me, says sometime in 2014, could be January, July, September or December. I’ll take any of those months, preferably January though. lol!

Thank you very much for all the help and bringing us all the great info and insight.

Iraqi Dinar GuruAdmin Shredd & BLC Member Chat 11-24-13

Central Bank: We seek to amend the banking laws and go to play a developmental role for the economy

Author: ASJ, HH, NF Editor: HH, NF 11/24/2013 11:40 a.m. Long-Presse / Baghdad

The Central Bank of Iraq, on Sunday, seeking to amend the banking laws, including the proportion to the current situation, and pointed out that the money laundering law the most prominent laws that seek to modify it, while stressing that going to play a developmental role of the Iraqi economy.

The governor of the Central Bank and the Agency Abdel Basset Turki said in his speech during the first sessions of the workshop organized by the bank to modify the legal environment of banking in the Palestine Hotel, the center of Baghdad, and was attended by (long-Presse),

“Since we receive the responsibility of the central bank discussed with the competent legal possibility of amending laws banking, which came after the occupation, according to the exceptional circumstances in order to develop and make it fit with the current banking business. ”

Member Reflection wrote: Is this article from the CBI?

I like this little part, seems like they are trying to do it.

He Turkish that “the International Monetary Fund and in the last meeting in Geneva face of central banks to play a developmental role and not only stay on the organization of the financial policy of their countries,” stressing that “the central bank actually taking this guidance, which is preparing a plan of economic development that will promote the reality Economic Iraq. ”

[tlm724] yeppers reflection right from the turk himself “The governor of the Central Bank and the Agency Abdel Basset Turki said in his speech” and yes the Central Bank is taking their guidance from the IMF considering the IMF makes rules, when they comply they fly baby !! its amazing to watch this unfold … winks

~~~

((editorial))..Infrastructure Author: Muhammad Abdul Jabbar Carp 11/24/2013 0:00

Old ours. This fact believe everyone! Old historical sense, any tradition. We are talking about the old country more than six thousand years, Bhoudarth and peoples and achievements.

It is enough to remember the obelisk of Hammurabi or the Epic of Gilgamesh or the other to know the extent of the long history of foot or Iraq, or Mesopotamia, Mesopotamia.

, and this sense of the word Old source of pride for us. One day I met a number of young Americans. When they knew I was from Iraq expressed Adarkhm the difference between Iraq and the United States. You said of the ancient country with ancient history, as we talk of the country has no history. It was they were saying, “Blessed are you!”

[tlm724] this is an interesting read ^^^ to summarize Iraq needs a process of comprehensive modernization in all things, and in all areas of life, and must combine all the efforts and resources and energies in order to achieve it.

The world ahead of much of the steps, as well as countries in the region. Unless pick up the pace we will not have to follow them. if you believe you can achieve it Iraq !

~~~

Hafiz occupation of Iraq confirms the possibility of a privileged position in the course of economic

11/24/2013 0:00

Editing resources of the state of the dominance of the oil sector, the most prominent factored

Baghdad – Shkran Fatlawi

recommended a seminar hosted by the Institute of the progress of policy development in collaboration with the Federation of Businessmen and the Association of private banks need to identify the obstacles to achieving economic progress in the country Kanhsar state resources in the oil sector and stimulate the work of the private sector,

which is by having a public sector influential in economic activity, paving the way for private activity to be coordination between the two sectors to achieve the goal to be achieved.

[tlm724] and added we are going to strive to create a platform capable of creating a new tomorrow that supports these ideas and contribute to solving the problems of fiscal and monetary policy

and provides the climate for the prosperity of banks to ensure the support of national development and economic renewal destruction.

[tlm724] provides the climate for the prosperity of banks

[tlm724] so in association with private banks, they are formulating their plan in conjunction with the CBI plan imo , this whole thing is amazing !its unfolding right in front of our eyes

~~~

Central bank: hard currency reserves have exceeded 88 billion dollars

Author: ASJ Editor: BK, BS 24/11/2013 14:08 Long-Presse / Baghdad

Revealed the CBI, on Sunday, the arrival of foreign currency reserves of more than 88 billion dollars, indicating that it contributes to the stability of the dinar could be a “source of pride” for the Iraqis.

[tlm724] Holy sh.. where did they get 5 billion dollars in 8 days , just askin….Cool

Nov 16, 2013 central bank had announced an increase in monetary reserves of hard currency to (83) billion dollars after it was 76 billion dollars.

http://www.bondladyscorner.com/t83635-economic-center-is-proposed-to-invest-part-of-the-monetary-reserves-of-foreign-currency-within-the-guaranteed-investment-bags

~~~

Amend banking laws 11/24/2013 0:00 Yasser incumbent

assesses the CBI today’s workshop on the preparation and discussion of proposals to amend laws (banks, the Central Bank and money laundering.)

[tlm724] that it comes in the wake of the challenges faced this sector over ten years ago to respond to the requirements of the next stage

[tlm724] next stage

[tlm724] so its taken ten years to reach this point ! Now they are doing what is nessecary to come up to par with world economics as well as their own economic plan ! No more waiting this is the action we NEEDED to see !! *hallelujah*

~~~

Moves to strengthen the Iraqi trade balance 11/24/2013 0:00 BAGHDAD – Farah pumice

within the moves to strengthen the balance of trade to Iraq through coordination and support of all sectors of the local economy, signed a one Iraqi banks agreement on the framework of cooperation with the Arab Trade Financing Program adoption as one of the agency’s national program in Iraq.

[tlm724] Under this agreement will provide a line of credit to the bank Iraqi National for use in the Arab Trade Financing so that it could contribute to the growth of exports and imports of industrial and service sectors in Iraq

[tlm724] and expressed hope that the increase resulting in Foreign Trade positive effect in promoting trade balance for Iraq and supports all sectors of the local economy.

and the source of the Arab and support the economies of the Arab countries and encourage trade in order to enhance the march of Arab economic integration.

[tlm724] noted that national agencies in Iraq and of (6) and benefiting from the Arab Trade Financing Program plays an important role in the development of the local economy through services provided by the program

[tlm724] would be interesting to know how much this loan was for,maybe we will find out if I can find the time but none the less this is great to see the more we see them facilitating trade the better !

~~~

Senior Economist: Raising the zeroes corrective action to facilitate the transfer and account currency

Ali Aldhargam – 11/24/2013 AD – 13:37 | Described an economic expert, Akram Abdel Aziz, a step central bank to raise zeros from the local currency, “the procedure for the reform aspects of the calculation.”

She told all of Iraq [where]: “The deletion of zeros is to re-structure of the financial and banking sector and to reconsider the monetary policies.”

“the procedure for the reform aspects of the calculation.”

“The deletion of zeros is to re-structure of the financial and banking sector and to reconsider the monetary policies.”

[tlm724] this is saying that the project to delete the zero’s is part of the “new” monetary policy and will facilitate ease of transactions (calculation)

that it does not believe that “the lifting of the zeroes stating things in the last especially with regard to raising the value of the exchange rate or inflation

[tlm724] basically saying that this project will not correct inflation, that the Iraqi economy, if boosted by implementing the correct policies (activate the other sectors besides oil, free market etc..) , will curb inflation and add value

that the CBI has been teaching for more than two years, the issue of lifting the zeros from the Iraqi currency, but so far has not taken a firm decision in this regard.

[tlm724] this just shows us the people have been educated so lets roll this puppy out Turki !!

Iraqi Dinar GuruAdmin Shredd & BLC Member Chat 11-20-13

Subject: BondLady and Administrators Chat

[tlm724] lightingcslt lemme give ya one summary of my thoughts please

[Dogznova] they playin with us

[lightingcslt] tlm724 please do

[tlm724] lightingcslt ok ty this is the way I see it , we ALL have valid points let me explain

[tlm724] BondLady says we need to the laws and I agree, we need the Banking laws amended to comply with several points 1. modern banking strategies and international banking requirements 2. Basel compliance 3. to comply with the IMF requirements for reform 4. and because some of them no matter apply , next is this

[tlm724] DogzNova has shown me his research and he has also has a valid point, they DO indeed go by a schedule , now are they continuing with the schedule no one knows but again his research is very accurate so I see his point as well, next

[tlm724] My personal thoughts are these and you share in many of them lighters. I believe like I said there will be series of events, many already happening now, that will come about to show us what we seek, namely, laws being amended, the launch of the plan for the new currency and increase in value and the electronic system being turned on

[tlm724] I don’t mean to say I know anything for sure because I do NOT, no one does ! I am just trying to think logically about all the possible scenarios and considering Shredds opinions and vast banking experience as well..

[tlm724] this team is brilliant and all things considered I think we have a good handle on this thingy

[tlm724] lightingcslt and yes you may be right and it is certainly possible thats this could indeed be fast tracked !! We will wait this out and thank God we are all together and have the best damn leader out there !

[Dogznova] IMO some things definitely still need to be done.. we shall see real soon if they can wam bam them all real fast…

[lightingcslt] tlm724 there is one problem

[BondLady] ty timmy that was a great summary of fact

[tlm724] BondLady yqw

[Dogznova] sure was

[tlm724] lightingcslt whats that ?

[lightingcslt] if they need laws passed for anything to happen to make their currency into a international currency then it will be sometime before it is they hate each other imo

[Dogznova] lightingcslt that’s just opinion though… they could surprise all of us and pass them next week…

[tlm724] lightingcslt I don’t think so , you forgot the CBI IS changing the laws NOW !

(News & Announcements – 2013)
Assesses the Iraqi Central Bank Workshop on proposals to amend the Banking Law and the Law of the Central Bank of Iraq and the anti-money laundering law for the period from 11/24/2013 -2013/11/28 and receive suggestions and views on amending the laws listed on the e-mail (Cbi@cbi.iq)
2013 / 11/17)

[BondLady] they can hate all they want to but at some point it’ll go to the feds for a decision if they can’t make it for their childish selves

[lightingcslt] BondLady then why haven’t they done that yet?

[Dogznova] that’s exactly what we are looking for.. Any change in CBI law

[BondLady] because their still hashing them out. Iraq doesn’t progress on our level of speed, you have to NOT forget that they move at their own laid back time, no matter how important they will not move fast they and their culture believe 1000% they have to go in from every single angle until there’s just nothing left to discuss in them and then they will pass it

[BondLady] don’t forget also they are a very paranoid people who feel like everyone is out to separate their wealth from them

[BondLady] and they have to exhaust themselves until they feel its minimal what they could lose but mega what they could gain

[tlm724] BondLady the GOI said they will support the CBI in anything they need so

[BondLady] yes

[tlm724] when the CBI makes the final amendments to the banking laws then the GOI should have no issues with them imo

[BondLady] I feel that’s so too

[tlm724] oh good ty

[RCS1947] good point

[tlm724] BondLady I do have a question though please

[BondLady] ok

[tlm724] do you feel that the Banking and anti-money laundering law etc … the laws the CBI has control over, will be enough to satisfy the CBI’s need for the currency reform?

[BondLady] when they pass the deposits law also then yes probably imo

[BondLady] kinda look at it from this point of view, the average Iraqi is very untrusting, they know how corrupt people of Iraqi power are

[tlm724] okay I was thinking along those lines but I forgot about the deposit law, kinda like our FDIC ty

[BondLady] they saw how much money would disappear from banks so they have to get the trust of the people and by passing the deposit laws.

Then the deposit laws will insure and assure the people that if you put your hard earned pay check in our bank it will still be there when you need it and they won’t charge them an arm and leg for keeping their money safe.

So there was a article, I think today, about the Rasheed bank and said you put in money and they was charging them too much for keeping it, see this requires the deposit law

[tlm724] yes

[BondLady] there complaining you put say 20,000 dinar in and the bank keeps 5,000 of it

[tlm724] would definitely discourage me from making a deposit

[BondLady] yes, so this is a important law they have to gain the trust

[tlm724] as well as actually increasing the banks capital with those deposits

[BondLady] and the people do or did respect the CBI governor, the people used to have a lot of confidence in anything the CBI gov did or said so if Shabibi told them what he was going to do the people respected what he said and I hope the same respect would go per Turki. Like Shabibi once said everyone listens to the CBI gov when he speaks so he had to be careful what he said

[BondLady] anywhos great chats today and debates/discussions timmy and tyvm

[tlm724] my pleasure always BondLady

Iraqi Dinar GuruAdmin Shredd & BLC Member Chat 11-13-13

[lightingcslt] Scooter once said, look for the Central Bank to issue bonds in local currency and that would be a great sign that Iraq is ready to change their monetary structure – tlm724 you remember that

[tlm724] lightingcslt yes I do !

[lightingcslt] *hallelujah* its a coming

[tlm724] even though shredd commented on the bonds I’d like to talk to him about it too

[lightingcslt] tlm724 yeah where is that banker anyway

[tlm724] I don’t know lol

[lightingcslt] tlm724 I remember more about the two banks getting thier books in order first

[tlm724] lightingcslt let me look at an old scooter chat give me a few to find it

Read Moe Link On Right
[Dogznova] there’s the banker now

[b2stepblue] Shredd whats your take on the bonds

[Dogznova] haven’t they been doing bond auctions for quite some time now?

[Shredd] b2stepblue great news and expected as well. it’s a good indication of the maturity of iraq economically

[tlm724] [Scoooter] So they need to diversify that economy and this will draw more to the capital markets I mean rightj now Iraq’s capital markets are running at 5% of their GDP while Jordan on the other hand it’s close to 200% of their GDP

[Shredd] agreed . yes and we’ve already seen that starting….a new large fund just went to market [Scoooter] and that’s sustanable .Shredd exactly but what’s even more important is the establishment of the bond market that bond market will help the government be liquid

[Shredd] oh yes it will

[Scoooter] and that’s kinda sorta important

[Shredd] indeed… ie sovereign bonds

[Scoooter] Yes — the primary bond market will be consumed by the internal companies like insurance companies and utility companies and they’ll probably be offered at a nice fat rate too I mean % . yes [Shredd] yes and secondary will be financial products

[Scoooter] and again, they’ll realize the multiplier and it’s effects will be felt throughout their economy

[tlm724] what’s even more important is the establishment of the bond market

[Shredd] tlm724 hey you

[tlm724] Shredd hey sorry didn’t see you lol how are you ?

[Shredd] good, just got back from a week’s vacation yesterday…catching up

[tlm724] Shredd *hallelujah*

[tlm724] http://www.bondladyscorner.com/t70607-bondlady-chat-with-scooter-shredd-and-tlm724-4-25-2013

[tlm724] thats the scooter chat ^^ lighters 4-25-13

[Shredd] great news on the bonds……these will show investors stability

[Shredd] the hot word for them for over a decade

[tlm724] Shredd yes !!

[Shredd] and what’s great is bonds by nature are not short term investments so the investors to these know iraq is dependable for a longer run plus, the rate tells me it is low risk

[Shredd] as bonds normally are, this release is a test imo seeing the demand for the product. I ‘ve seen this happen many times before, a new product, or a new industry or in this case a sovereign bond test the appetite and you just watch, they will be releasing more in Q1 too

[lightingcslt] Shredd but only in Iraq as well

[Shredd] right lighters , local for now which is smart Iraq has a lot to prove to the investors who have been waiting and watching this is the first, beyond the street, step

[Shredd] I know we all expected this, but it is no coincidence regarding the timing by year end. I’ll be looking for the prospectus and we can do a chat on it when it releases

[Shredd] lightingcslt intl investment will be right around the corner this be the spark we’ve been looking for !

The Governor of the Central Bank said that the first tranche of bonds is expected to be worth three billion Iraqi dinar

Baghdad/Obelisk, said Abdul Basit Turki, Governor of the Central Bank said Tuesday that Iraq is planning to issue bonds in local currency for the first time since the overthrow of Saddam Hussein, which would give the country a new tool of monetary policy.

Turkish, he said on the sidelines of a Conference in Geneva that the first tranche of bonds are expected to amount to three billion dinars (2.58 million US dollars).

He added that this will be the first time that a bond issue for fiscal policy and not for the purpose of funding.

Turki said he expected that the first version of the new bonds will be a good response and may be followed by more releases and the total size of the issue will depend on demand.

It will increase the bond order for five years and hopes the Central Bank issued the first tranche before the end of the year, although that decision will be taken with the participation of the Ministry of finance.

He said that the bond interest is expected to be less than the standard interest rate of the Central Bank of 6 percent.

He said Iraq’s inflation rate of 2 percent describing it as a rare and very good number.

He said there were no plans to issue international bonds even though that might happen in the future if there are ambitious plans for the development of needed funding.

http://www.almasalah.com/ar/NewsDetails.aspx?NewsID=19706

dealerdean: The Governor of the Central Bank said that the first tranche of bonds is expected to be worth three billion Iraqi dinar

Baghdad/Obelisk, said Abdul Basit Turki, Governor of the Central Bank said Tuesday that Iraq is planning to issue bonds in local currency for the first time since the overthrow of Saddam Hussein, which would give the country a new tool of monetary policy.

Turkish, he said on the sidelines of a Conference in Geneva that the first tranche of bonds are expected to amount to three billion dinars (2.58 million US dollars).

He added that this will be the first time that a bond issue for fiscal policy and not for the purpose of funding.

Turki said he expected that the first version of the new bonds will be a good response and may be followed by more releases and the total size of the issue will depend on demand.

It will increase the bond order for five years and hopes the Central Bank issued the first tranche before the end of the year, although that decision will be taken with the participation of the Ministry of finance.

He said that the bond interest is expected to be less than the standard interest rate of the Central Bank of 6 percent.

He said Iraq’s inflation rate of 2 percent describing it as a rare and very good number.

He said there were no plans to issue international bonds even though that might happen in the future if there are ambitious plans for the development of needed funding.

http://www.almasalah.com/ar/NewsDetails.aspx?NewsID=19706

Tlm724: Great find dealerdean ty !!

the issue will depend on demand. It will increase the bond order for five years and hopes the Central Bank issued the first tranche before the end of the year,

NOTE: Definition of ‘Tranches’

A piece, portion or slice of a deal or structured financing. This portion is one of several related securities that are offered at the same time but have different risks, rewards and/or maturities. “Tranche” is the French word for “slice”.

Investopedia explains ‘Tranches’

Tranche is a term often used to describe a specific class of bonds within an offering wherein each tranche offers varying degrees of risk to the investor.

Iraqi Dinar GuruAdmin Shredd & BLC Member Chat 11-9-13

Central” contract for the development of electronic payment systems via credit cards and mobile

Baghdad / Baghdadi news / .. The Iraqi Central Bank has contracted with a foreign consortium to develop the infrastructure for retail payment systems.

[tlm724] which is reflected positively in the development of the banking system and elevate it to the ranks of advanced international regulations

[tlm724] and elevate it to the ranks of advanced international regulations *hallelujah* International baby ! When this system is in place it will awesome !

Here is some information about BCP:

Home | About BPC

Founded in 1995, BPC is the world’s leading provider of Open System, e-payment solutions for the global financial industry. As the developer and distributor of SmartVista—a comprehensive suite of solutions covering every aspect of electronic payments processing — BPC has designed an innovative platform featuring a flexible, scalable, high performance solution, SmartVista, that will grow as your business grows.

BPC’s tier-one client base includes leading, international financial institutions located across 26 countries and four continents with several of the world’s top 100 banks as clients.

To drive expansion efforts, BPC has established a network of global offices including the Asia Pacific; Central, Eastern and Western Europe; MEA; Mexico and Central and South America and the U.S. BPC’s philosophy of keeping close to customers is based on local pre and post-sales support and long-term relationships with local customers and partners.

With offices around the world, BPC provides local language support staff in each regional office.

In addition to an emphasis on customer intimacy, BPC’s ISO 9001:2008 certification upholds a strong commitment to quality, helping the company establish a leading position in the worldwide payments industry and fueling growth in overseas markets.

This combination of product innovation, dedicated local customer support, and a focus on quality have been instrumental in positioning BPC as one of the fastest growing companies in the payments sector.

Known for a spirit of innovation, BPC continues to invest time and resources in research and development, infrastructure, and strategic alliances, leveraging both local and international expertise to develop the next generation of SmartVista.

By staying on top of the latest industry trends and standards, BPC’s team upholds a company-wide commitment to create new payment solutions that help you transform the way you do business.

Home | About BPC | Partners

BPC’s strategy is heavily supported by partnerships with the key leaders in their respective market segments to strengthen and further extend the solution offering.

We team up with companies who have a proven track record of delivering customer value and, wherever possible, use as building blocks for SmartVista solutions software and hardware components from our local and international partners.

We have formed strategic, business and technical alliances with the leading IT-companies to provide our customers with total solutions integrated within a proven framework.

Here is a selective list of our respected partners internationally.
Strategic Partners
International Payment Networks

To see the list of partners please follow the link below. Here is just a sample for you : Oracle, Hewett Packard, Microsoft, IBM etc…

http://bpcbt.com/about/partners/

~~~

Experts: reforming the economy achieved in partnership between the public and private sectors
11/09/2013 12:00 AM

[tlm724] called on experts and specialists concerned authorities to implement the strategies and procedures relating to the diversification and development and economic reform under the programs of time-specific binding and the achievement of the partnership between the public and private sector

[tlm724] the importance of the restructuring of public enterprises and the shift towards partnership, as long as that the draft law on the reform of economic and other decisions had recommended the formation of sections of restructuring for the economic reform process, calling at the same time to develop those sections using international expertise

[tlm724] mentions that the law of economic reform aimed at restructuring the Iraqi economy according to the principles of economics and modern requirements of the transition to an economy market

[tlm724] this article shows us just how important the economic reform law is and that there must be a specific formula followed in order to achieve success

~~~

Mana: private banks move to amend their laws restricting

11/09/2013 12:00 AM

He stressed that Iraq would emerge from Chapter VII chance her

[tlm724] amend the law on banks, leading to the liberation from the constraints in order to be launched towards the strengthening of the capacity of the national economy and rise to the level of performance and giving banks developed in the world

[tlm724] unless there is a banking system that is free

[tlm724] that’s right the private banks need to be integrated with the rest of the banks,amend and revise the banking laws of long ago and things will move forward and lift the constraints

Iraqi Dinar GuruAdmin Shredd & BLC Member Chat 11-3-13

Foreign Relations: Iraq unable to manage his money himself externally

Baghdad – and babysit – stressed member of the Foreign Relations Committee Jubouri dew on that Iraq could manage his money himself after being liberated from the constraints of Chapter VII.

per BL “shows indeed Kuwait is not paid off yet just like economic reform per this as the gurus were not right they said econ reform was passed and they said Kuwait was paid in full…we said nope but they are working on these things”

~~~

Rally calls for the application of industrial tariff legal and Consumer Protection to support local industry 03-11-2013 10:24 AM

Here are some interesting quotes I found on Investopedia

http://www.investopedia.com/articles/economics/08/tariff-trade-barrier-basics.asp

The use of tariffs to protect infant industries can be seen by the Import Substitution Industrialization (ISI) strategy employed by many developing nations. The government of a developing economy will levy tariffs on imported goods in industries in which it wants to foster growth.

This increases the prices of imported goods and creates a domestic market for domestically produced goods, while protecting those industries from being forced out by more competitive pricing. It decreases unemployment and allows developing countries to shift from agricultural products to finished goods.

The Bottom Line

Free trade benefits consumers through increased choice and reduced prices, but because the global economy brings with it uncertainty, many governments impose tariffs and other trade barriers to protect industry. There is a delicate balance between the pursuit of efficiencies and the government’s need to ensure low unemployment.

~~~

Emir of Kuwait decides to open his country’s consulate in Basra, in agreement with their portfolios 03-11-2013 01:47 PM

[tlm724] confirmation of the need to speed up the opening of a Kuwaiti Consulate in Basra, yep no surprise there Kuwait wants right in the center of the action, Basra is going to be the economic capital of Iraq !

~~~

Bijari: Iraq is responsible for the lack of infrastructure to pass a law 03-11-2013 11:37 AM

[tlm724] see the National Alliance and Kurdistan Alliance votes are necessary to pass this law, the Iraqi list votes don’t matter

[tlm724] *slap* now get in there and take one for the team

~~~

Specialists: Iraq lacks a clear economic policy must be the enactment of economic reforms to resuscitate him 03-11-2013 10:04 AM

[tlm724] that’s right Bondlady has said this over and over again they MUST have the economic laws in place to support everything including backing the dinar ! as well as the free market etc… they have it all just need the legislation to back it up !

~~~

Place: ministries lack the expertise in the preparation of public budgets

11/03/2013 12:00 AM

Detect Conference to view international experiences to benefit from

Baghdad – Mostafa Hashemi

detect and Under-Secretary-General of the Council of Ministers for Financial Affairs Obaid shop for the conference to display the international experiences in the field of preparation of public budgets will be held next month, aims to inform public opinion and study what fits them to apply and adoption in the future.

[tlm724] the conference to display the international experiences in the field of preparation of public budgets will be held next month, that’s great because they need this expert help !!

~~~

Jeweler: the privatization of public companies support the process of economic reform

11/03/2013 12:00 AM

“the State shall guarantee the reform of the Iraqi economy according to modern economic bases and to ensure the full investment of its resources, diversifying its sources and encouraging the development of the private sector.

[tlm724] again the GOI needs to partner with these companies instead of running them, the laws will put in place the oversight neccesary for regulation thus protecting everyone involved !

~~~

Functions of the Council for Economic Reform proposal and implementation of policies

11/03/2013 12:00 AM

[tlm724] there are alot of really good economic arts today

[sisterbreen] yes nice

[tlm724] and that shows that they are really considering all things relavent to their economy and more importantly their money !

~~~

A third round of negotiations as a prelude to Iraq’s accession to the World Trade Organization

11/03/2013 12:00 AM

that the accession to the WTO requires the provision of a balance in the trade balance of Iraq through exports and imports, noting that Iraq does not issue Currently, only oil

The entry of the organization calls from Iraq signed some special agreements to facilitate the flow of goods states that fall under the banner of the organization, as well as the need to develop the quality specifications of the device Central Agency for Standardization and Quality Control, indicating that join more than openness of Iraq on the global market and international forums

[tlm724] so Iraq must incorparate more trade in their plan other then oil and and it is one of the requirements of the WTO that Iraq have trade agreements with member countries of the WTO, which we see them signing everyday

[rsp1] This is a big step…

[sisterbreen] yes

[tlm724] quality specifications is the means by which to monitor and regulate that trade

[tlm724] sweet !! they are getting there ! hey also remember the COM authorized the money to pay for all the equipment they needed on the borders and they are opening more inspection stations daily !

Iraqi Dinar GuruAdmin Shredd & BLC Member Chat 10-30-13

new five-year plan may strengthen the role of development banks 10/30/2013 12:00 AM

achieve the central objective of monetary policy.
~~~

proposal to form a higher council for economic reform and strengthen the role of private banks in development by facilitating the transition from the role of financial intermediation to the developmental role.
~~~

that such a strategy associated with the applications and prospects of monetary policy, which takes CBI applied through supervision and control on operating banks
~~~

that the central has succeeded well in achieving the goals central to monetary policy in stabilizing the monetary system

as well as identifying the phenomenon of dollarization and speculation as he has succeeded greatly in maintaining its independence
~~~

building strategy to move the economy from its interlocking road to a market economy
~~~~~~~~~~

Trade: blocking ration for 500 thousand of wealthy 10/30/2013 12:00 AM

Distributed model card new end of the year

[tlm724] stressing that the end of the year will see the distribution model ration cards new among families across the country

[tlm724] that the ministry is currently working on a printed form ration cards new in all the provinces

[tlm724] not only new cards but gonna weed out the high earners and fix it !
~~~

MPs: We are all accused as long as you do not specify limits of time to decide corruption files

10/30/2013 12:00 AM

[tlm724] Sons of Iraq are still suffering from a standard of living difficult. noteworthy that the Integrity Commission, announced on the fourth of February 2013, to refer about six thousand accused corruption issues to the competent courts in the past year 2012, indicating that the amount of transactions that took place where corrupt practices exceeded the trillion dinars.

[tlm724] 6000 cases !

[tlm724] indicating that the amount of transactions that took place where corrupt practices exceeded the trillion dinars.

[tlm724] wow ! trillion dinars , they need to get a grip !
~~~

Financial: stop all advances for the purposes of the annual inventory and launch early next year

[tlm724] so they have stopped the presses on the dough, interesting it takes 2 months to reconcile the books ??

[tlm724] need to ask shredd about this

[lightingcslt] timmy this doesn’t make sense. how can you tell the largest banks in the country to stop doing loans. that is how they make their money. and if I’m correct those banks are privately owned not govt owned now if I’m wrong on this someone please tell me. so how can the govt shut them down from making loans is beyond me
~~~

Najafi looking development of financial oversight institutions in the country

10/30/2013 12:00 AM

[tlm724] thanks and appreciation for the efforts delegation and its contribution to the development of institutions of financial control in the country

[tlm724] which was attended by Vice Qusay al-Suhail and Aref Tayfur and Chairman BSA Abdul Basit,

[tlm724] BSA Abdul Basit, that’s our boy Turki

[tlm724] issues of corruption and control and audit in accordance with the mechanics work within international norms and standards.

[tlm724] international standards !! now we’re talking
~~~

Iraq and Kuwait discuss Functioning the preparations for the the Committee the Joint Supreme to resolve the outstanding files

[tlm724] let me show you part of a press release from the Cabinet

[tlm724] The Council of Ministers held its forty-fifth regular in Baghdad Tuesday, 29 October 2013 issued by the Board the following decisions: approve 1 A – authorize the Chairman of the National Investment Agency, Mr. Sami Raouf al-Araji, the authority to negotiate and sign a draft agreement on investment promotion and protection between the Government of the Republic of Iraq and the Government of the State of Kuwait, as amended by the State Council, according to the provisions of Article (80 / item VI) of the Constitution.

[tlm724] they have mended their fences and that is a huge accomplishment after all that was done !

[rsp1] *hallelujah*

[tlm724] great to see this article come through again !!!

Iraqi Dinar GuruAdmin Shredd & BLC Member Chat 10-29-13

10/29/2013 12:00 AM BAGHDAD – morning

rejected the Association of private banks create the concerned sector, banking sector, saying it will not be able to end the problems of the banking sector, but ستزيدها additional burden.

[Bondlady] the cbi wants them to raise more money to back their bank’s and their customers also the auctions. You know timmy I was thinking about that the CBI told them all basically to increase their reserves and they were like we can’t we need more businesses an accounts etc

[Bondlady] so what did the cbi do next ? They went to stabilize the dinar for 1, they started up the Saturday auctions and they allowed most of the banks to partake right in the currency auctions ?

[tlm724] yes

[Bondlady] k, so we know from the news just how much or what they allow us to know how much they make a day per the CBI

[tlm724] right

[Bondlady] in the auctions of usd so they cut a price to these banks also and they charge their fees as well so the CBI still makes money and the banks make money too. CBI was hauling in 40,000,000.00 a day from the sale of the usd

[Bondlady] the banks begin to make there money too and imo when the banks that the CBI just decided in the last week or so to not let the continue within the auctions

[tlm724] 12 of them

[Bondlady] maybe they made the grade on what the CBI thought they needed to achieve within those banks reserves so they didn’t get to continue with the auctions but the other banks did

[Bondlady] making it where if you wanted to get usd for iqd or whatever you had to go to the banks still allowed to sell hence enhancing their profits more than before and building their reserves to where the CBI wanted it to be

[Bondlady] just my thoughts don’t know if its right or not

[tlm724] by way of the auction profits ?

[Bondlady] yes

[tlm724] awesome !

[Bondlady] the CBI cut the banks deals remember, CBI was making 13 dinars per 1 usd hence the 40 mill a day profits

[Bondlady] so the rest of the banks still allowed to play in the auctions

[Bondlady] should be ready too if my opinion is correct

[tlm724] wow think you nailed that !

[Bondlady] that gave them 12% more chances and abilities to grow there reserves to the required amounts quickly by stopping the other 12 banks from participating

[Bondlady] so maybe this is right maybe its not won’t take long to see though

[Bondlady] we wait

~~~

12:45 10/29/2013

Shara: the coming period more suitable for mineral exploration licenses

Baghdad – and babysit – A member of the Commission on oil and energy MP Furat al-Shara, said the time is right to launch a special licenses Rounds minerals, indicating that the coming period, more suitable for launch.

[Bondlady] a couple years ago I posted some Iraqi facts in my interesting stuff thread

[Bondlady] Iraq’s wealth that’s still under ground like all there minerals and things phosphorus etc they have so many things not yet brought to life and to add the minerals listings to the oil and gas drawing rights auctions for the different fields

[Bondlady] this will be a huge economic boom within these minerals they have so much yet to be tapped in all aspects

[Bondlady] copper, steel, phosphorus, aluminum, cement any kind of mineral and ore you can think of they basically have it and they needed to do this long ago I’ve done chats on every aspect of these things thru the years thinking they would do those things soon but as we all know they don’t move as fast as us or our business minds to see these things be able to finally come to life as they are talking about them now which they barely did before

[Bondlady] they will be the next Dubai an probably at some point by pass even them economically wise

[tlm724] absolutely, more wealth !

[Bondlady] yes

[Bondlady] okies that’s what I wanted to say about the articles I posted today that had the minerals stuff included in them

~~~

Economists: opening branches of Iraqi banks abroad “firstfruits of hope” for the banking sector after years of isolation

29-10-2013 10:38 AM

[tlm724] that the opening of Iraqi banks abroad, whether governmental or civil, step forward to support the banking sector, and to allow for the possibility of conducting commercial transactions and financial receives

[rsp1] *hallelujah*

[sisterbreen] rsp1 tlm724 *hallelujah*

[tlm724] that the basis of banking is trust, implementation, and not only open branches without implementation, noting that when the implementation Quick and facilities available Sinhal investors to Iraqi banks. between: that the Iraqi banking system is improving and that the opening of branches of banks will serve this sector and expands investment, calling on the private banks also to open branches to support and strengthen its supplier.

The banks are fueling investment projects, industrial and agricultural, which aims to development of the economy, calling for the need to move to restore economic activity and banking policy and monetary returns positively in economic construction

[tlm724] that these branches would trust banks of Iraq, especially after the liberation of Iraq from the constraints of Chapter VII, and he suffered from wars and economic blockade. said: that the system banking need legislation a new bank to open the way for investment, and give authority over to the Board of Directors and investment companies.

noted that the Rasheed Bank revealed his desire to open branches in 10 Arab and foreign countries, pointing out that the budget of the bank amounted to $ 16 billion

[tlm724] that the Rasheed Bank revealed his desire to open branches in 10 Arab and foreign countries,

[tlm724] The withdrawal of Iraq from Chapter VII, making the Rasheed Bank thinking to invest his money by opening branches in Arab and foreign countries, pointing out that countries that want the bank to open branches which are Romania, Lebanon and the United Arab Emirates, Egypt, Turkey, Iran, China, Malaysia, Jordan and America

Iraqi Dinar GuruAdmin Shredd & BLC Member Chat 10-28-13

BLC Administrator’s Chat 10/28/2013

[lightingcslt] Shredd gm did you read timmys chat ? I know I agree with it !

[Shredd] yes

[lightingcslt] Shredd would you agree that once they make their currency an international tradeable currency that would flood the market with investors

[Shredd] lightingcslt I do……risk management regarding cash processing is imperative

[lightingcslt] Shredd yes so what makes a currency thrive

[Shredd] lightingcslt regarding flooding of investors………….well, sort of, investors make money on the buy low and some have done that but the security and politibal stability is keeping them at bay

[lightingcslt] Shredd yes but you also have other investors say in building infrastructure, opening new businesses

[Shredd] investment will grow in Iraq but it takes time, even to “explode”. right lighters , and that takes time just like structuring and funding investment funds

. [lightingcslt] Shredd but shredd you have major corp out there that doesn’t need those investment funds

[Shredd] so, it will take off, at a rate dependent on stability and security

[Shredd] lightingcslt explain

[lightingcslt] Shredd for example, Mcdonalds, they want to open up franchises there or even corp offices they are just going to do it as well as starbucks, home depot etc

[Shredd] lightingcslt ok, sure…that will definitely come into Iraq but it will take time and for that to take place. When it does, those companies will grow which in your examples are domestically based firms, these will also provide jobs and grow spendable cash on the streets of Iraq

[lightingcslt] Shredd yes but I believe this won’t take time

[Shredd] which will grow commerce, retail, etc

[lightingcslt] exactly

[Shredd] all awesome, positive growth for sure….it just takes time for those “ripples” to expand

[lightingcslt] but they can build any of these things in two months

[Shredd] they can, but again, this type of growth is at the highest risk of security concerns, imagine a new home depot opens and al quida blows it up because of western influence….. the more immediate investment growth will not be this sector but rather at the institutional investment level cash, derivative and structured investment vehicles

[Shredd] these are on paper, electronic…..investors looking for gains and returns, all they need is for Iraq to be rated, have all their banking laws in place and then watch it grow

[lightingcslt] Shredd its called risk and all investors take risk

[Shredd] not as much nowadays as before the fall of 2008

[tlm724] if I may, I agree with both of you, yes lighters there are buildings going up everyday and business licenses being issued, we see it reported all the time, the hard numbers, the facts ! and yes shredd the investment growth will and is tremendous as well

[Shredd] high risk is only tolerable if it comes with high returns

[therealbubbie] they have been blowing up things for years upon years it’s their way of life they will never stop never

[lightingcslt] Shredd and imo in Iraq there will be

[Shredd] and those high returns will cost those funds higher interest rates and larger discounts on trades

[lightingcslt] therealbubbie yes its called job security for the construction guys

[tlm724] therealbubbie exactly !

[therealbubbie] what is meant by a stable security … does it mean instead of things blowing up every 3 weeks they blow up every 6 weeks !!

[Shredd] security is still a big concern

[rsp1] I agree with Timmy…you both are right. While infrastructure is progressing, especially at the current rate, investors are watching closely, waiting for their moment to invest. Win-Win situation…

[rsp1] Iraq is trying to work on the security situation…but that is difficult with as elusive as the Al-Queda is at being caught.

[lightingcslt] rsp1 yes but I believe if you give them an international trabeale currency you will see the markets flooded with investors which is what I believe most of them are waiting on

[therealbubbie] the way they think of security and the way we think of it could be to different things … ” see were only getting bombings every 8 weeks we’ve got it under control finally !!!!!!

[rsp1] It’s all relative, but, yes…

[Shredd] investment will definitely come, just takes time. A few months ago I spoke to our top brass about why there is a delay in investing in Iraq. They said security and political stability.

[tlm724] imo security is and always will be an issue but it has not stopped multi-million dollar company’s from coming into Iraq over the last several years ! Look at BP, Exxon, Lukoil, Zain just to name a few , the list goes on and on !

[lightingcslt] tlm724 yes and more in line itching to come in

[tlm724] lightingcslt yes investment firms, countries by the dozens ! Banks !

[lightingcslt] yep and whats holding some back is not having a tradeable currency imo

[dinardoe] and Westerners will hire on because there are no jobs in the Western countries and the money is great

[therealbubbie] security and political stability. if there waiting for that then see ya in the next life !!!

[tlm724] therealbubbie right !

[Shredd] therealbubbie that is what the delay is though ?

[tlm724] dinardoe great point !

[rsp1] Pieces to a puzzle…getting placed one at a time…eventually it’ll all come to fruition.

[therealbubbie] Shredd like I said if their waiting for security and political stability. then we have a long long wait !!

[Shredd] dinardoe there is a great populace that needs jobs…..just like we saw that market explode in India, it will happen in Iraq too

[Shredd] therealbubbie the big issue around this is specific to Iraq’s situation…………they are a new democracy coming out of a war-torn dictatorship, that’s why the concerns are heightened and quite frankly, the global economy needs to change their perspective of Iraq

[dinardoe] they will probably do what Saudi and the others have done…hire Westerners to fill Doctor, nurse, admin positions in all fields etc…get their people trained in how to run big corps etc and then phase out the Westerners

[Shredd] cheap labor is extremely attractive to corporations

[dinardoe] yes

[therealbubbie] Shredd oh no doubt there heightened .. but the fact is they all hate each other .. and that will never change imo …

[Shredd] sadly, yes, that’s why, to me…..the partnerships Iraq are and will continue to benefit from are first at the country level, then corporate, then private sector……….and in that order

[rsp1] therealbubbie Which is probably why some of those future investors are just watching and waiting for a more stable environment.

[therealbubbie] rsp1 hows that working so far!?

[Shredd] another thing to remember is this….and I talked about this in the ratings chat I did…… is many investment vehicles cannot invest in the Iraqi sector yet even if they wanted to so, Iraq becoming rated will be huge

[rsp1] therealbubbie which is why I stated “more stable” not “completely stable”.

[Shredd] also, the more Iraq becomes a producer and exporter that will grow their GDP, again, takes time but it’s all forward progress and all exciting to see grow

[therealbubbie] the only thing that imo will over ride there security situation is the fact they are greedy and love money !!

[Shredd] yes, greed reigns strong in investment!

[therealbubbie] rsp1 more stable like instead of bombings every 3 weeks they do bombings every 2 months ..

[tlm724] I think many companies have and are coming into Iraq regardless of security and like I said that list grows everyday !

[rsp1] therealbubbie Yeah, like that… Like you said therealbubbie , it’s their way of life…in spite of Al-Queda

[lightingcslt] tlm724 yes and Iraq is thriving each day

[tlm724] lightingcslt indeed !

[Shredd] thankfully we don’t have to wait for Iraq to “arrive” to see gain in the dinar

[tlm724] Shredd *hallelujah*

Iraqi Dinar GuruAdmin Shredd & BLC Member Chat 10-28-13

BondLady’s Corner – Admin tlm724 shares her opinion of Iraq’s status / position in electronic banking and how this influences the currency –

[tlm724] Good afternoon everyone. I would like to give you all my opinion on why Iraq has not increased the value of the dinar. This is my opinion solely. I have been been thinking about this for several months now and have had serious discussions with some of my fellow administrators here at BLC.

[tlm724] The question has always been, why hasn’t Iraq RV’d their currency ? After much thought I have formed an opinion on this and want to share it with you now.

[tlm724] The answer is so simple and that may be why many, myself included, haven’t really seen it. In order for Iraq to fully deal in their own currency they have to be electronically linked both in country and throughout the world !

[tlm724] All modern societies throughout the world are linked electronically. A country today cannot commence commerce without a system of checks, balances and just as importantly ACCOUNTABILITY !

Electronic Banking is absolutely necessary for Iraq to progress forward. How can the CBI raise the value of their currency without accountability ?

[tlm724] Yes Iraq does trade now but it is not even close to what is to come. Just imagine this conversation please. WTO asks Iraq ” hey you ready to fully implement the tariffs so you can ascend ?”

Iraq says ” well not quite we still have to link the customs and borders to the CBI data bank.” WTO ” okay well let us know when you are ready”. Do you see where I am going with this ?

[tlm724] Lets say, for example, that tomorrow morning the CBI increases the value of the dinar to par with the dollar . How much dinar would go out the back door ? Billions and billions ?

You bet it would ! Now if you have a system (electronic banking ) in place it will do several things , here are just a few

1. stop the majority of embezzlement and corruption
2. It will decrease the amount of physical currency
3. It will eliminate the lions share of counterfeiting.

[tlm724] Without this system Iraq cannot have modern REAL trade and commerce with all these multiple nations. It is the way of the world and Iraq is just now getting this system in place.

They must be linked with their customs and when the tariffs are fully implemented they must be linked to the CBI, again for ACCOUNTABILITY !

How can you keep track of all the money, exports, imports without it ?

[tlm724] Remember Dr. Shabibi said he needed stability and security in order to make the change ? Well imo security means this.

A secure system that enables full accounting of ALL monetary transactions within the country as well as international transactions !

The stability falls within this same premise, a secure system that eliminates fraud, waste and corruption.

[tlm724] We know that the system is being worked, we see it daily in the news as well as the CBI stating this as well. We know that Governor Turki has said they are making great progress with it.

I truly believe they are at the stage of working out the kinks in the system, doing the link up to the borders etc..

We know the stock market went electronic a few months ago. I believe that the majority of the infrastructure is in place.

This is the most crucial step in the process. It must be tested time and time again in order to get it right the first time. There are no do overs in this situation.

[tlm724] Remember a country is only as strong as it’s monetary system, it is their foundation as well as their economic laws ! We will watch as Iraq finally emerges into a country of modern capability, doing commerce with the world, taking their earned place in the international community !

[tlm724] Lets watch for the signs of this system being fully integrated and see where it takes us .

Again I just don’t see how the CBI can do an increase without this system in place. There may be several reasons for the delay but this just seems the most logical to me. Thank you !

Iraqi Dinar GuruAdmin Shredd & BLC Member Chat 10-24-13

Expert: the scarcity of small-class currency due to the unwillingness of banks to deal with the 24-10-2013 10:30 AM

[tlm724] no small bills in the market becasue the CBI isn’t restocking them

[sisterbreen] hmmm

[tlm724] yep saying these small don’t last

[tlm724] again we are seeing the currency vacumn and this expert is saying the CBI needs to print them and stock the banks

Reduce the money supply 10/24/2013 12:00 AM

called researcher economic state fair government banks to develop its adoption of modern technology to reduce the size of the money supply in circulation.

[tlm724] adoption of modern technology to reduce the size of the money supply in circulation

[tlm724] that the systems of modern banking in the state banks would activate the automated systems of the card electronic WHAT KEEPS More liquidity in the bank accounts

[tlm724] if the people can do their banking electronically it will encourage them to keep more in the bank , kinda a trust thing and that will also allow the banking sector to grow, increasing the banks capital etc..

[tlm724] they must be very close to having this system completed imo

~~~

Experts: oil technology adoption will stimulate other industries

10/24/2013 12:00 AM BAGHDAD – Hussein Tamimi

experts predicted the possibility of benefiting from the experience of the oil sector in the adoption of the acquisition of modern technology in the payment of industrial and other productive to follow suit.

[tlm724] due to current economic policies, which requires the provision of appropriate climate for the transfer of advanced technology to the country

[tlm724] EVERYTHING is going electronic, they cannot advance economically without it !

~~~

The exclusion of 12 banks waged daily currency auction

10/24/2013 12:00 AM

Experts warned of the acquisition banking companies by Baghdad – Mostafa Hashemi – Fatlawi

varied views of specialists in economic affairs around the central bank’s decision excluding 12 out of 32 banks waged from the auction currency for not achieving increased their capital to 250 billion dinars

[tlm724] these banks did not increase their capital thereby they lose trust and their reputation in country and out of country. It also opens the door for more non-bank brokers,markets to participate in the auctions creating an atmosphere away from the Banking goals of Iraq.

[tlm724] that private banks are not yet eligible to take their role in the development process.

[tlm724] influences on the stock exchange and the process of withdrawal of depositors and undermine confidence in the banks.

[tlm724] it also effects future partnerships with foreign banks coming into Iraq, kinda puts the brakes on with these civilian banks

[tlm724] the current banking law of the CBI is putting restrictions on these banks, need to get that amended asap ! that the economic reform process starting from banking reform as a key lever that goes by the economy required to lift the restrictions that limit movement

[tlm724] one solution being discussed here is to merge some of these banks which will enable them to meet the capital requirements.

This action should help control or eliminate the brokerage firms and create a more stable environment for the currency exchanges and ” that this action will not affect significantly in the currency exchange rate, because there are large reserves in the Central Bank amounted to 80 billion dollars and more than 30 tons of gold”

[tlm724] very interesting read

Iraqi Dinar GuruAdmin Shredd & BLC Member Chat 10-21-13

European official threatens to cut off support for Iraq due to corruption and human rights violations

[tlm724] $ 800 million come out a week from Iraq

[tlm724] the wealth of the Iraqi people, but this wealth goes to Swiss banks
and pointed out that the agreement of friendship and partnership that was signed by the EU with Iraq based on good government,

and I do not see any indication of the Government of rational in Iraq so far, “he added,” We have economic interests tremendous in Iraq and we are the biggest market in the world more than 500 million citizens and our industries have the desire to invest in the Middle East, and we have the potential to encourage them to it.

” and warned Stephenson of the consequences of the continuation of “corruption and the situation catastrophic in Iraq, which could lead to cut European support for Iraq,” and said that “we have not seen any indication of the government governance and the end of tyranny and dictatorship looming,

Europe will step up the pressure to stop economic aid and deterring European investments in Iraq and this will serve as an economic penalty on the Iraqi government.

[tlm724] warned Stephenson of the consequences of the continuation of “corruption and the situation catastrophic in Iraq

[tlm724] now if that doesn’t get Iraq’s attention I don’t know what will
[tlm724] “corruption and the situation catastrophic in Iraq, which could lead to cut European support for Iraq

[tlm724] Europe will step up the pressure to stop economic aid and deterring European investments in Iraq and this will serve as an economic penalty on the Iraqi government.

~~~

Expert: must prepare for the development of strategies of major projects for next year

the competent authorities to prepare the implementation of strategies and financial plans for the next year

There are a lot of strategies that have been approved in the previous period

[tlm724] implementation ! I like that !!

~~~

Finance parliamentary: the central bank demands to develop a plan to improve the quality of the work of local banks

[tlm724] CBI develop a strategic plan to develop the work of local banks according to the evolution in global banks

[tlm724] and even non-advanced began working according to techniques technological modern

[tlm724] that the central bank demands develop a strategic plan for the advancement of the work in terms of forcing banks to develop their work and their cadres to become a competent big bank

[tlm724] began working according to techniques technological modern
[tlm724] that statement right there is good news, they are getting there as far modern technology

~~~

Najiba Najib: the opening of branches of banks abroad will support the Iraqi economy and investment

[tlm724] that the Iraqi banking system needs to legislation a new bank to open the way for investment, and give the powers over to the Board of Directors and investment companies. expressed Finance Committee parliamentary support to all Iraqi banks to open branches in the States European, octagonal effort banker Rasheed and Rafidain in this direction

[tlm724] so the state banks are open more branches in the EU hmmm interesting things must be going good for those banks

Iraqi Dinar GuruAdmin Shredd & BLC Member Chat 10-20-13

Central Bank: We strive for a balanced ratio of gold with hard currency reserves
Baghdad – and babysit – Central Bank of Iraq, for his quest to find a balanced ratio of gold with hard currency reserves, considering that whenever the reserve size increases less than the contribution of other components.

“the high bank reserves of hard currency leads to low gold and we are working to purchase to increase to maintain a balanced ratio of gold. ”

[tlm724] Turki is showing us part of the CBI’s policy here. They have a portfolio so to speak including the US dollar, the Euro and Pound.

When Iraq’s hard reserves grow so must their gold holdings in order to maintain a ratio of 3 to 5 % thus keeping a steady balance between all holding.

Center Economist: U.S. debt crisis would hurt the Iraqi economy in terms of lower world oil prices 20-10-2013 06:51 AM

[tlm724] 1.this is saying that by the US shutting down it decreases the income of the citizens thus reducing the demand of oil

[tlm724] 2. 50% of the worlds countries are linked to the USD including Iraq ” including the economies of oil such as economics of Iraq”

[tlm724] 3. that the price of oil and the value of the Iraqi currency is linked to the price of the dollar in global markets

[rsp1] But…for how long?

[tlm724] so as the value of our dollar goes down it effects the value of the dinar

[tlm724] the Iraqi currency is linked to the price of the dollar in global markets and the stability of the price depends on the stability of U.S. markets
.
[tlm724] in addition to the damage to the value of the dollar and this will affect the Iraqi economy, especially as it is formatted at the present time to move to link a basket of currencies global difficulty of this approach and the strength of the impact of the dollar in the local market that Iraq of countries subject to the phenomenon of ‘dollarization

[tlm724] rsp1 this is saying the IQD is directly linked to the USD

[sisterbreen] tlm724 this don’t sound good

[tlm724] their stability at this time depends on our stability of the dollar

[tlm724] sisterbreen no , there is good in here

[tlm724] sisterbreen no we are not broke, we are the richest country in the world the problem lies here let me explain

[tlm724] as long as the IQD is linked to the dollar and the other currencies in the basket those currencies will fluctuate with the dollar

[tlm724] our actions in the US directly affect 50 % of the worlds economies

[tlm724] now how can Iraq regain control of their own currency ? How they can eliminate this fluctuation at least as far as the USD goes?

[tlm724] cybercat got it earlier

[rsp1] Detach from the USD

[tlm724] yes dedollarize !

[tlm724] so make the IQD the main currency, they agreed to use it in all payments international for all debt and payments remember ?

[rsp1] Yes, I do…

[sisterbreen] tlm724 yes

[rsp1] It would have to be internationally tradable

[tlm724] sisterbreen right so see this is very good news as far as our investment

[sisterbreen] tlm724 tyvm

[tlm724] rsp1 exactly !

[tlm724] sisterbreen yqw

~~~

Shara: Federal Council for Oil and gas needs to be a political consensus to machined 20-10-2013 11:24 AM

Baghdad (news) .. A member of the Commission on oil and energy MP / National Alliance / Furat al-Shara, the importance of the formation of the federal oil and gas to filter views and administrative matters and resolve technical issues between the government center and the region and local governments.

[rsp1] timmy, Wasn’t there an article earlier that said that oil and gas is postponed until next session?

[tlm724] passage of the HCL will eliminate the majority of the issues between Kurdistan and Baghdad as well as the other oil producing provinces, it must be done

[tlm724] rsp1 these are different MP’s from different blcoks giving their opinions as well making statements and communicating in the press

~~~

A member of the Parliamentary Committee on the economy is likely to lower rates of inflation and unemployment in the coming period 20-10-2013 12:34 PM

[tlm724] low rate of inflation, poverty and unemployment in the coming period significantly — significantly in the coming period

[rsp1] Well, pass those laws and watch your economic activity flourish!!!

[tlm724] so they anticipate a much better forthcoming period as far as inflation, poverty etc due to the success of the CBI policy, now I like that !!

~~~

Imad Youkhana: Iraq, an important figure in the region and could contribute to a major role in solving their problems
BAGHDAD – and babysit – Aattabredo of Iraq’s parliamentary bloc MP Imad Youkhana, that Iraq is an important figure in the region and could contribute to solving problems, pointing out that the interest of the United States to develop its cooperation with Baghdad.

[tlm724] the strategic framework agreement between Iraq and the United States form the backbone for extensive cooperation and relations in various fields between the two countries — *mission* that’s pretty darn exciting stuff if ya ask me

[tlm724] and I will bet their will a lot of interest in this agreement not just with us and them but other countries as well

Iraqi Dinar GuruAdmin Shredd & BLC Member Chat 10-18-13

tlm724] lightingcslt I want to show you something since we are discussing the Strategic Framework Agreement

[tlm724] section V: Economic and Energy Cooperation of the SFA

[tlm724] 2. Maintain active bilateral dialogue on measures to increase Iraq’s development, including through the Dialogue on Economic Cooperation (DEC) and, upon entry into force, the Trade and Investment Framework Agreement

[tlm724] I found the actual Trade and Investment Framework Agreement which is a huge part of the SFA

http://www.ustr.gov/sites/default/files/uploads/agreements/tifa/asset_upload_file836_13617.pdf

Trade and Investment Framework Agreements (TIFAs) provide strategic frameworks and principles for dialogue on trade and investment issues between the United States and the other parties to the TIFA.

Although the names of Framework Agreements may vary, e.g., the Trade, Investment, and Development Agreement (TIDCA) with the South African Customs Union, or the United States-Icelandic Forum,

these agreements all serve as a forum for the United States and other governments to meet and discuss issues of mutual interest with the objective of improving cooperation and enhancing opportunities for trade and investment.

[tlm724] I want to show you parts of that agreement, kind of an agreement within an agreement

TRADE AND INVESTMENT FRAMEWORK AGREEMENT BETWEEN THE GOVERNMENT OF THE UNITED STATES OF AMERICA AND THE GOVERNMENT OF THE REPUBLIC OF IRAQ CONCERNING THE DEVELOPMENT OF TRADE AND INVESTMENT RELATIONS

[tlm724] just going to show a lil of it that I thought was interesting

Recognizing the urgent need to revive Iraq’s economy, bolster private-sector development and further Iraq’s reintegration into the world economy, and noting the work of the U.S.-Iraq Joint Commission on Reconstruction and Economic Development to advance these objectives

[tlm724] further Iraq’s reintegration into the world economy
Recognizing the importance of fostering an open and predictable environment for international trade and investment

[tlm724] international trade = WTO imo

To identify and work, toward the removal of impediments to trade and investment

[tlm724] remove the things that keeping them from trading one of which was chapter 7 leaving just tariffs and WTO left to do

ARTICLE SIX This Agreement shall enter into force on the date on which the Government of the Republic of Iraq notifies the Government of the United States of America that all legal requirements for entry into force of this Agreement have been fulfilled

[tlm724] ARTICLE SIX This Agreement shall enter into force on the date on which the Government of the Republic of Iraq notifies the Government of the United States of America that all legal requirements for entry into force of this Agreement have been fulfilled
[tlm724] thats important ^^^^

[lightingcslt] yes

[tlm724] so Iraq must notify us they are ready and Maliki is heading to Washington on Nov 1st and IF they are ready do you realize what that means ?

[sisterbreen] tlm724 rv ?

[tlm724] well I don’t know about that sis but it means this they may be ready to fully implement the tariffs on ALL goods and perhaps the accession process into the WTO is coming to its end and with that comes a recognized currency worldwide, just saying IMO

Iraqi Dinar GuruAdmin Shredd & BLC Member Chat 10-16-13

Deputy Independent: political concerns hinder the economic capital law without taking into account the interest of the country

[tlm724] Law of Basra, the capital of Iraq’s economic read in the House of Representatives Qraien and is ready for a vote, and we hope the objectors not to stand against this important project,

and prepare a draft of Basra, the capital of Iraq’s economic most important in the country, it provides ground integrated economic and rise by citizens in all provinces of the country, a flood of visions and narratives of national and humanitarian Chairman of the Board Supreme Islamic Iraqi Ammar al-Hakim, who had put in a decent part of an initiative to Basra province and across the country.

[tlm724] Basra is being compared to Dubai in its capability to be a world class province with trade, exports all you need to have success ! Lets get this law passed and we will see it happen in a matter of a few years imo

Foreign advisors soon in Basra to exploit the abundant money and impending population increase

[tlm724] we are watching a shift in how things are done. the provinces are now taking responsibility for their individual growth just like Kurdistan has !

~~~

Head of the Baghdad Investment investment is likely to sign contracts with local and foreign companies during the Baghdad International Fair

[rsp1] With all the countries and their companies wanting to invest in Iraq, it won’t be long before our investment comes to fruition.

[rsp1] Yipppeeeeeee!!!!!!!!!

[rsp1] Like Bondlady said yesterday…we’re on the downhill side of this investment.

~~~

Direct acting and settlement amendment to freedom Dgarh the project الاروائي in Diwaniya

[tlm724] these types of projects are critical to grow the ag sector , they must allocate money and follow through in order for the whole free market thing to work !

~~~

Hakim warns of the postponement of the upcoming parliamentary elections under any pretext

[tlm724] Hakim is not happy, a united front in Iraq is what is needed right now not only for their people but also to fight terrorism

~~~

Shahristani: the Iraqi government is working to promote a free market policy

[tlm724] the Iraqi government is working to promote a free market policy through the creation of new economic legislation suited to the global economic openness

[tlm724] sweet !! lets get it going and with that legislation comes trade and tariffs because they are the cornerstone to global economic openness

~~~

Central Bank: inflation in Iraq is scary which is less than neighboring countries

[tlm724] Turki is stating inflation is rising in certain area’s and they have the capability to control it but they would have to use part of the reserves and that’s a bad idea. They need to decrease imports and up oil production and all sectors of Iraq to help with the inflation.

[tlm724] Structure in this case means legislation, business as usual is no longer working for Iraq

[tlm724] and the foundation of any country is it’s laws

Iraqi Dinar GuruAdmin Shredd & BLC Member Chat 10-15-13

[tlm724] I need your attention for just a few minutes please we need to clear something up that is going around the dinar net

[tlm724] our player sent me an email late last nite the email was a posting of the economic reform law

[tlm724] okay the economic reform law was published on the iraqi economist net, this web site is for economists, scholars etc for debate and discussion

[tlm724] some sites are saying that the Law has been passed and has not been published yet. I have to respectfully disagree with that and I will tell you why.

[tlm724] we constantly check ALL the COM and Parl websites, we read minutes etc… we have our finger on the pulse always and we have not seen one thing relating to this law, now IF I am wrong that’s okay because we would love nothing more then to have this bill passed and I will gladly eat crow for that !

[tlm724] but until we see it in the gazzette and in the minutes we just can’t assume it was passed [Shredd] yes indeed

[tlm724] now Iraq has snuck several laws past us before so I won’t say its impossible I am just saying we need to see proof

[tlm724] it’s an extremely important law and we did a chat on it, the COM did indeed pass it but it needs to read in parliament 3 times then in the gazzette. BLC will not leave you hanging ever ! If we see it you will know ! Thanks
*********************************

BondLady] good morning everyone

[Shredd] gm what bigger laws are we looking for ? infrastructure….

[Bondlady] infrastructure, protection of the product and consumer law those 3 I’m looking for so they can enact ALL the tariff laws

[Shredd] and the law of indebtedness right?

[Bondlady] thought they did that 1 already didn’t they?

[Shredd] two readings if I recall

[Bondlady] ah I saw where they forgave the farmers debts from back in 2003

[Shredd] really? nice

[Bondlady] wouldn’t that go in with it

[Shredd] not sure…the conversion of balances…debt/cash etc

[Bondlady] and I saw a few years back where they had forgave some loans too from poor people back in 2003 or before

[Bondlady] sucks they don’t want do the laws we need cause it would be a feather in Maliki’s cap

[Shredd] and Maliki wants to run for third term

[Bondlady] ino

[Shredd] I thought that was not allowed in constitution

[Bondlady] and that in itself will stop them from passing what we need to see unless he can cut some back alley deals with the blocks which I’m sure he can.

See if we look at the election law you can see why it didn’t pass which would limit the terms.

Maliki and Barzani did do a deal, as you see Barzani ran again and won and now its Malikis turn to do the same thing.

And if you look at it in terms of TERMS then you see the new term would make 3 terms if he wins…BUT

[Bondlady] if you look at it like this… Maliki was placed by the USA in his 1st term he was not voted in by the people on that 1 he was placed. now THIS term he was.

So if you go from when they first got there free democracy and free votes then you could assume that he has only legally done 1 term which would be this 1 not counting the new terms elections. He was only voted in once so far so he could actually pull it off if they are looking at it in those ways.

[Shredd] Bondlady do you think Maliki has the constituency?

[Bondlady] he might

[Shredd] and there is concern of removing the zeros with the elections coming up……….that must be in anticipation of what?

[Bondlady] think that’s why the election law hasn’t been passed an they will probably go with the old election law with a few minor amendments

[Bondlady] that’s just it Maliki is gonna have to do some very fast bargains and shady deals to pull this off imo he has already done that with the kurds. The kurds are holding up the election law

[Shredd] making promises

[Bondlady] so imo Maliki will go again and there’s a good chance he will win unless some 1 like Hakim runs then I don’t know he will win again if allawi try’s it so I don’t know

[Shredd] Bondlady tlm724 do you think Maliki in another term will be good for the dinar growth or bad for it?

[Bondlady] Allawi fighting and has fought any kind of progress for the last 3 plus years because he looks at it like he’s fighting Maliki not fighting to give the people a better life but the opposite. Maliki is going to have to figure a way to make the people happy to pull this one off IMO

[tlm724] Shredd imo he is pushing the important laws so yes

[Shredd] I tend to agree that Maliki in office is good in regards to stability and much has been accomplished as of late under his watch and like you said BL, he was placed there by the US

[Shredd] I asked about what the people think of Maliki because I’m not sure he needs to win with bringing value to the dinar

[Bondlady] I don’t think the dinar will stay low for long

[Shredd] it just cannot

[Bondlady] they have economic commitments but they must start the tariffs in full soon and the currency must have international status and no 1 wants to deal with tons of paper from them when they pay for exports with there own currency which they stated to the WTO they would use dinar to pay

[Shredd] Bondlady right

[Bondlady] so were in the home stretch as far as I’m concerned

[Shredd] regarding investment into Iraq, yes regarding the currency, yes

[Bondlady] but that stretch may be a stretchhhhhhhhhhhhhhhhhhhhhhhhhhhh as they are surely slower than a snail. They have to hash and rehash and rehash everything to the point of exhaustion before they will say ok then do it

[Shredd] Iraq has the 23rd (or so) highest reserves in the world, farming has been coming back manufacturing is coming too

[Bondlady] yes and industrial is now taking the lead and agriculture is going great and live stock too, they are now having plenty of ranchers as well as farmers. so that food sector for them is great and is and will grow more and more and reduce imports for meat and veggies and also fruit so now its industrial turn.

[Shredd] grow GDP

[Bondlady] they need that for the growth and jobs to make there own cement and bricks and steel they have all the minerals they will ever need to make any kind of building stuff maybe not lumber though as they are in a desert but the rest of the stuff they have, copper steal anything to make asphalt, nails, tools,

they have the ability for it all except for wood so industries will make them boom ahead quickly and the gov used to own like 95% approx of all the industrial plants in Iraq now thev have opened that up to the people and the world to invest in

[Bondlady] infrastructure law is whats needed at this point to bring that all about then do full tariffs on everything the pay checks the food the product everything

[Bondlady] they aren’t too happy over there losing a home bowl game for Iraq because of security and stupidity on infrastructure law. they open this multi-billon dollar sports center in Basra for it and the GCC says nope

[Shredd] Bondlady because they know the $$ that brings in

[Bondlady] yes Iraq love’s their soccer too as important to them almost as much as food and water

[Shredd] for me, the only intangible here regarding timing is getting security under control

timing of dinar revaluing that is

[Bondlady] yup

[Shredd] I checked with our sales and strategy guys and that’s what they said too….security

[Shredd] imo, at least half of the issue is perception and I see Al-Qaeda is growing in strength too

[Bondlady] yes Shabibi did too and wanted the gov to support the CBI actions and I take that to mean support the CBI with economic laws and reform what we wait for is what he waited for too

[Shredd] who knows how long that will take though, right?

[Bondlady] yes the Syrian crisis has aided Al-Qaeda in coming back to Iraq and they are thriving I just don’t post all the gruesome bombings and stuff they keep on capturing the biggies or Al-Qaeda that helps and keep on finding stock piles of weapons bombs etc.. that hurts them

[Shredd] yeah, and a tolerable level of that will continue but once an acceptable level of “control” is had, progress can thrive

[Shredd] worse down south, no different than “bad parts” of cities where businesses pull out and move to safer parts here in US, so for Iraq, the kurd region for example

[Bondlady] their stupidity ran us outta there when they couldn’t even defend themselves..that..and a wimpy president an campaign promises

[Bondlady] yes hey they now have 24 hr electric too something they haven’t known for years and years

[Shredd] oh really? nice…..I missed that I knew they were close

[Bondlady] even before the war they still lost power they didn’t have the best electric in the world not like us and it was already dilapidated before we hit it

[Bondlady] so they have all new stuff now and it took awhile and a lot of corruption went through the elect ministry too but finally they are almost 100%

[BondLady] ty need to start my work day

Iraqi Dinar GuruAdmin Shredd & BLC Member Chat 10-9-13

Shaways: promising Iraqi market in various economic sectors

[tlm724] Shaways is a smart dude, I like him

[tlm724] stressing the importance of holding such a forums to explain the economic reality and invite companies and businessmen to work in Iraq.

[tlm724] pointing out that Iraq is seen to experience Belgian democracy as one of the successful experiences in building federations in the world.

[tlm724] in his speech, the good real efforts to develop the financial and banking sector, stressing that the sector needs to rebuild and develop and modernize systems, and help private banks to take the role in the development process,

[tlm724] Deputy Prime Minister, the government’s determination to overcome all the difficulties in the country, which could affect the investment process and hinder the performance of businessmen and companies, and lead to the creation of an environment-friendly capital money,

including the improvement of banking services and Sindh and accommodation facilities and to overcome the red tape and obstacles in the registration of companies in the border entrances and in the clearance and other output.

[tlm724] see told ya he was smart lol

~~~

Reload this contributes to the railway infrastructure development

10/09/2013 12:00 AM

BAGHDAD – Farah pumice called consultant in industrial development and investment expert Amer Issa jeweler to develop and activate the railway network with Turkey, Syria and very port of Umm Qasr and the port of Faw new.

[tlm724] this will help alot with trade and exporting for Iraq !
~~~

D. Raed Fahmi: Economic Reform Act need to be extensive discussions before approval

[tlm724] the goal of reform is to support and activate the mechanisms of action of the competitive market in the Iraqi economy for the purpose of raising productivity and efficiency

[tlm724] within the objectives of the law to achieve justice in the distribution of returns of economic activities, and the achievement of a comprehensive economic development, these goals can not be achieved unless effective intervention from the state

[tlm724] so pass the law, formulate a plan for the money being made ( I would think investing and where ) and get it going !

[tlm724] if Iraq would just look at the whole picture they would see they could have so much more then what they have now. The opportunity for wealth is astounding, even more then the bribes they get now !!

[tlm724] *slap* Iraq pay attention !
~~~

Transportation consistent with IBM to develop airports and ports

[tlm724] “the ministry will go through next November a number of electronic services will begin the first stage at airports and ports of Iraq,

[tlm724] electronic baby !!!
~~~

Expert: the evolution of the economic activity of the country led to lower inflation

[tlm724] The lack of economic activity has implications on the level of demand for goods and services, and thus lead to higher prices for capital goods and increase the rate of inflation.

[tlm724] more demand higher prices, simple mathematics

[tlm724] by producing their own goods they can control the price volatility thus controlling inflation in the market place
~~~

Deputy: Created an advisory council of economic policies develop the country’s economic movement

[tlm724] This Council is working on the growth of companies and channels economic ministries and bodies and Customs

[tlm724] that the law establishing an advisory board for the development of economic policies will be presented to the House of Representatives to read and voted upon in the coming days ahead

[tlm724] the problem with this is that the COM approves all these laws ie: economic reform etc but then they stall in parliament !
~~~

Susan Saad: the lack of coordination between the Ministry of petroleum and petroleum provinces led to the aggravation of the crisis between the two

[tlm724] the problem lies in lack of coordination between all these provinces, they all want the contracts and until they figure out a way to centralize it this will continue, without centralization ( approval of the gov) then there is always a chance these contracts won’t be paid ! Its imperative to correct this and the HCL Law will do it !
~~~

Wasit offers investment opportunities in Dubai Conference

[tlm724] after the confirmation of the safety aspects of the legal and technical to those companies

[tlm724] I just know everyone is chomping at that the bit to get into Iraq, I just wish the would get the investment and infrastructure laws done !

[tlm724] it will make it so much easier for these investors and having a central location (single window) for them will make a huge difference !
~~~

Agriculture Mandali completed 190 treatment covered under Article (140)

[tlm724] that the department was completed during the year 2013

[tlm724] and will be compensated for their homes and their crops in addition to the artesian wells

[tlm724] that is great to see them making progress on article 140 !

Iraqi Dinar GuruAdmin Shredd & BLC Member Chat 10-3-13

[Shredd] private banks has evolved considerably from what it was in the past through the use of mechanization of modern to facilitate transactions Banking and speed of completion, as well as become their external relations with international banks, so the work is consistent with what issued by the Central Bank of the instructions and controls.

So great to keep hearing about banking progress, evolving considerably….in external relations with international banks. The systems are in place, the regulatory requirements are in place……now pass the remaining laws and let’s watch this unfold!
~~~

Law of the Ministry of Commerce 10/03/2013 12:00 AM

[tlm724] inclusion of a paragraph in the law of the Ministry of Commerce include the opening of branches of the Department of Registration of companies in the provinces of economic and commercial activity

[tlm724] especially since Iraq now need to enter the investment companies to the provincial economic border to take its role in the development proces

[tlm724] that the law of the Ministry of Commerce under discussion in the House of Representatives, it is hoped happen to positive changes in the work of the ministry

[tlm724] this law is part of the tariff system as well as the investment and private sectors,, so what is commerce ?

[tlm724] an interchange of goods or commodities, especially on a large scale between different countries (foreign commerce) or between different parts of the same country (domestic commerce) trade; business.

[tlm724] they are doing all their preparations
~~~

Assurances of the importance of getting Iraq’s sovereign rating 10/03/2013 12:00 AM

[tlm724] this rating is very important to Iraq and in order for them to have a good rating they MUST have their ducks in a row re: banking which is very good for us, kinda forces them into compliance

[tlm724] they are being held to a higher standard now and they know dayum well they are being watched !
~~~

Prime Minister calls for the revitalization of the private sector 10/03/2013 12:00 AM

[tlm724] so not only do they need legislation (which protects everyone involved in the growth ) they need a change in attitude, out with the old way of thinking and in with the new ! The new is a prosperous Iraq that welcomes all bidders in rebuilding the country !
~~~

Economic parliamentary government is demanding the inclusion of the final accounts with the draft budget 2014

[tlm724] this article 140 and the HCL!

[tlm724] refused Kurdistan recent draft of the oil and gas law approved by the Iraqi government and sent to the House of Representatives for approval,

[tlm724] so they did present the HCL for approval but apparently there are still issues

[tlm724] *slap* come on Baghdad pay up and lets roll

Iraqi Dinar GuruAdmin Shredd & BLC Member Chat 10-3-13

[tlm724] Bank looking place with Western Union Financial Services its work in Iraq 02-10-2013 10:16 AM Baghdad (news) ..

summoned the Central Bank Company (Western Union Financial Services, Inc.) to discuss the business carried out by the company in Iraq.

statement said the central bank received the Agency (news) a copy of it: The Governor of the Central Bank and Agency Abdul Basit Turki held a meeting with the company (Western Union Financial Services, Inc.) to discuss the company’s future work in Iraq LINK
[tlm724] Lets look at Western Union:

As Western Union focused on dominating the business it had first developed, the company increasingly bolstered its global presence. In 1992, the company began the first consumer instant money-transfer service between the United States and Russia.

In 1993, while still in the throes of its financial crisis, the company launched its Dinero en Minutos (Money in Minutes) service in Mexico,

a new currency transfer service that enabled travelers in Mexico to pick up cash in pesos at any of the nearly 300 locations operated by Elektra, a leading furniture and electronics retail company based in Mexico.

At roughly the same time, the company introduced electronic funds transfer in Africa, entering Ghana in 1993 and expanding into South Africa, Ethiopia, Zambia, Senegal, Kenya, Nigeria, Uganda, and Eritrea during the subsequent two years.

International expansion fueled much of the company’s growth during the mid-1990s, particularly its advances in Mexico, which accounted for a fifth of its international financial growth in 1995.

Consequently, the company strengthened its ties with Elektra at the beginning of 1996, signing a 10-year agreement with the retailer.

Later in the year, Western Union opened its North American headquarters in Englewood, Colorado, and opened new regional sales offices in Paris, Vienna, and Hong Kong.

[tlm724] a new currency transfer service that enabled travelers in Mexico to pick up cash in pesos at any of the nearly 300 locations operated by Elektra

Western Union’s aggressive expansion during the 1990s could be charted by the growth of its agent network. The company had less than 20,000 agent locations during the early 1990s.

By 1998, Western Union’s money-transfer service had expanded to 50,000 agent locations worldwide, representing the world’s largest money-transfer network.

By the end of the decade, there were more than 80,000 Western Union agent locations scattered throughout more than 140 countries.

[tlm724] 50,000 agent locations worldwide, representing the world’s largest money-transfer network

As Western Union entered the 21st century, it promised to figure as a dominant player in the money-transfer business. The company launched westernunion.com in 2000, inaugurating the extension of money transfer to the Internet.

The following year, the company celebrated its 150th anniversary by eclipsing 100,000agent locations, a more than fivefold increase in less than a decade.

In 2002, as part of its consistent efforts to expand payment options on the Internet, Western Union launched its Consumer Web Payment Service, enabling customers’ funds to be debited electronically from their checking accounts and funneled toward designated payments.

In the years ahead, the company intended to maintain its market leadership by continuing to offer its clients a comprehensive array of bill payment capabilities, both online and offline. LINK

[tlm724] launched its Consumer Web Payment Service, enabling customers’ funds to be debited electronically from their checking accounts and funneled toward designated payment

[tlm724] Ok so what I found was this. That Western Union is a Wholly Owned Subsidiary of First Data Corporation, so lets look at them now:

Vision To shape the future of global commerce by delivering one of the world’s most secure and innovative payment solutions.

Mission Around the world, every second of every day, we make payment transactions secure, fast and easy for financial institutions, merchants and their customers.

We leverage our vast product portfolio and expertise to deliver solutions that drive our customers’ revenue and profitability. LINK

[tlm724] so the CBI wants western union bad ! The Governor of the Central Bank and Agency Abdul Basit Turki held a meeting with the company (Western Union Financial Services, Inc.) to discuss the company’s future work in Iraq

[tlm724] I think the important thing with this is Iraq is launching themselves globally !! just sayin … and making it easy for profits or money to flow easily to other countries which also means the private sector…………….. yea!!!!!!!!

************* Another

During four years .. expectations beyond the non-oil revenues of 9 trillion dinars 2013-10-02

The report called for a lifting obtaining the taxes and duties of individuals and companies, by activating the law of customs tariff and scheduling the implementation of this law

in addition to developing a road map for the implementation of the program educates citizens about the benefits that will come from the implementation of the law of customs tariff and the economic benefits inherent of Ratniv This law of Iraq.

The following Iraq’s imports figures.

Max tax 0.29

Taxes and other charges 2.19

Wages for services 0.14

Transferred from public bodies and companies of the state-owned 2.36

Interest Income 0.04

Staff income tax 0.27

Corporate income tax of foreign oil 0.25

Corporate income tax 0.31 Income tax of individuals 0.15

Tax contained Alkmarki to 0.89 93.11 oil revenues. / End

[tlm724] they are trying to educate the people that this won’t hurt them, educate them to the benefits !

[tlm724] they are showing us that they are getting ready to implement

Income tax of individuals 0.15 Tax

[tlm724] and what the tax will be
~~~

Rubaie: the insurance sector establishes a financially secure market

10/02/2013 12:00 AM

[tlm724] The insurance is a financial institution which is one of the cornerstones of the economic development process
~~~

Congress: Maliki’s visit to America strengthen Iraq’s site in the region

10/02/2013 12:00 AM

Stressed the importance of benefiting from the strategic agreement with the United States

[tlm724] strengthen strategic framework agreement, which carries with it the work of security and economic and scientific and technological exchanges between the two countries.
~~~

The general budget for the year 2014 holds the attention of experts

10/02/2013 12:00 AM

[tlm724] the importance that is linked to the budget process of economic development to achieve the goals of the local economy and whose access to the stage of the diversity of revenue through the activation of All production and service sectors

[tlm724] that’s right and to activate these sectors you need to follow the plan and pass the laws and implement them !
~~~

Rating Banking Conference 10/02/2013 12:00 AM

Yasser incumbent government approved that the banking sector is the mainstay wheel and advanced in the footsteps of development and economic progress as a tributary essential to finance projects and investments.

[tlm724] in front of the banking sector the opportunity to expand a huge and important about what is witnessed in Iraq

[tlm724] *mission*

[tlm724] While calling on the government to make specific proposals to make some amendments to the legislative

[tlm724] regulatory and promised to work with them and adopted in order to achieve the work of banks smoothly and effectively

[tlm724] promised !!!!

[tlm724] we are holding you to that Iraq !
~~~

Industrial expert: the need to speed up firing loans industrialists in the private sector 02-10-2013 10:18 AM

[tlm724] These loans in turn will support the sector in general, and support investment and small and medium enterprises Kalsnaat construction, food, etc, calling for the release of loans before the end of this year.

[tlm724] thats how you have a free market

[tlm724] *mission*

Iraqi Dinar GuruAdmin Shredd & BLC Member Chat 10-1-13

Planning: the completion of the preparation of the document document of the national population

01/10/2013

[tlm724] hmmm if this includes the actual census then this could be a very big thing ! They needed the census to hand out the 25 % of oil profits to the people !!

[sisterbreen] yip ty

[tlm724] part of HCL !!! which it is hoped to hold a meeting in order to approve this document

[tlm724] so document done and waiting on aprroval *hallelujah*

A member of the Economic Commission: You must set up a joint investment banks to support the economy

01-10-2013 10:23 AM

[tlm724] that investors need to so banks to deposit large sums of money they need headings money for the work of investment projects in Iraq

[tlm724] the deteriorating security situation is the biggest drawback to invest in Iraq , in addition to the economic laws need adjustments

[tlm724] [tlm724] big bucks at the door ready to step in , need those laws done !!!

[tlm724] those two arts go hand in hand LINK

~~~

Deputy: the importance of encouraging foreign companies-tipped big money to create a large-scale investment projects of the country 01-10-2013 07:41 AM

because it would give him international experience and economy and added: that the international companies that have capital enormous need to privileges and temptations for the purpose of entry into the environment to invest in, plus it also needs to the environment safe and legal, to keep their money

[tlm724] big bucks at the door ready to step in , need those laws done !!!

~~~

Iraq’s permanent representative at the United Nations declaring Iraq’s accession to the Treaty on the Comprehensive Test Ban Nuclear 01-10-2013 01:04 PM

[tlm724] this is big for Iraq, it shows the world that Iraq is here and willing to help to resolve conflicts , to participate in the world !

Iraqi Dinar GuruAdmin Shredd & BLC Member Chat 9-30-13

BondLady’s Corner Admins tlm724 & Shredd Share Comments On News

Adel the need for coordination between the executive and legislative branches to activate laws broken 28-09-2013 12:44 PM

[tlm724] ok another repeat art , they are saying hey get it together !!! Stop the BS !! *hallelujah* you tell em !!

[tlm724] House of Representatives has a good chance to pass Laws amid the current political calm, whew
Vice activation delay due to the economic laws lack the expertise to work out 29-09-2013 11:46 AM

[tlm724] It is this shift we need to modify many of the laws are based on the foundation’s central to the laws set out on the basis of the free market

[tlm724] need to adjust the laws to support a free market economy

[tlm724] that the existing expertise in the ministries consistent with the centralized economy either experiences market Vtqtadha openness to the world market and attract experiences have prior knowledge of the laws and how they are managed according to modern technology

[tlm724] call in (which they are) experts to show them the way

[tlm724] openness to the world market, really like that !!!

[tlm724] that economic laws the task that remains is disabled is the law of protection of the domestic product and consumer protection law and the law of competition and prevent monopoly and tariff and trade

[tlm724] I would bet a 25 k note that they will get these laws done ASAP ! just sayin…. the pro’s are helping them ! it’s a win win !!

~~~

Shara: payments to the oil companies operating in Kurdistan, one of the signs out of the crisis between the center and the region 29-09-2013 10:32 AM

[tlm724] indicating that it was the formation of committees for that matter, but did not do until now

[tlm724] sounds like they are trying to work out their differences for article 140 and HCL *slap* do it

~~~

Suhail receives new Representative of the Secretary-General of the United Nations Nicolara Mladenov

“Stressing the importance of the United Nations to give the appropriate role of which you can support the political process and create appropriate climates that increase the interdependence of Iraq with the international community.

[tlm724] I was curious about this and looked up interdependence and here is what I found: The economic interdependence of nations and groups of nations is of special importance.

It describes countries/nation-states and/or supranational states such as the European Union (EU) or North American Free Trade Agreement (NAFTA) that are specialized because of climate, the availability of labor and capital, and a variety of historical and cultural factors. Such nations or groups may be dependent on one another for any (or all) of the following:

food

energy

minerals

manufactured goods

multinational/transnational corporations

financial institutions

foreign debt

~~~

Governor of the Central Bank acts involved the regular session of the Board of Governors of the central banks in Abu Illa

[tlm724] and ??????????????? Suspect what did you say turki speak up son i can’t hear ya…. lmao

~~~

Secretariat of the Council of Ministers proposes the establishment of joint development contribution to banks from the public and private sectors to move out of the marginal role to role fundamental in the development of the country economically

[tlm724] saying all banks should have the opportunity to make a difference ! To be involved and play a critical role !! *hallelujah*

to review the relevant legislation, and modify some of them to suit and economic development in the country

[tlm724] amend those laws ASAP as the world waits for you Iraq !

open new horizons and joint cooperation between the banking sector

[tlm724] Shredd can probably shed some light on the significance of joint cooperation but it sure sounds like a great plan to me *hallelujah*

[Shredd] “that the banking sector one of pillars of the country’s development as provide important services on finance and investment,”

Great comments timmy and yes, this is a great plan. There can be tons of investment desire but the actual investment cannot take place without the “pillars” of banking and the ability for the banks to cooperate meaning a bank will not transact with another if it is not fully compliant, regulated and capable of timely and efficient execution of cash and par movements.

My hope is this weekend’s banking conference exhibited the full capability of the iraqi banks and perhaps with the official international status of being free from Chapter VII like you pointed out will open those proverbial doors of investment.

~~~

called for a specialist to the need to pass the draft law on economic reform during the remaining life of the legislative session parliamentary current

“If proceeded This law during the current legislative session will be a positive balance plus to the parliamentarians who represent segments of Iraqi society, a positive gesture, in the interest of the country and the citizen.

[tlm724] show the people you can do this for them, it will make a huge impact on their lives !

~~~

use with representatives of the private sector institutions when discussing the law, where ستبلور new ideas to enrich the law and get out the best formula to him

[tlm724] use experts and get it right

~~~

but a lesson in implementation and find the humans mighty with full loyalty to Iraq

[tlm724] Implement it and it will be for the betterment of all !

Iraqi Dinar GuruAdmin Shredd & BLC Member Chat 9-28-13

[tlm724] here’s an interesting article

9/25/2013 The central bank, on Tuesday, on his way to take new measures to cover the value of the Iraqi dinar against the dollar, and as pointed out that the stability of the dinar exchange rate has implications for Iraq’s trade with various countries of the world, he stressed that the Iraqi dinar “can not defeat.”

The governor of the central bank and agency Abdul Basit Turki said in an interview to (range Albers), “The central bank intends to make the Iraqi dinar stable to some extent against the dollar, especially in this Alguetrh difficult,” asserting that “the central bank has taken specific actions to work to cover the value of the Iraqi dinar . ”

The Turkish that “the Bank recorded during the past months, a decrease severe exchange rate of the Iraqi dinar, which was born upheaval significant in the local market,” noting that “the bank and through a series of decisions and actions, refer to stabilize the exchange rate of the dinar against the dollar, and this reassured the market The dinar is still strength, can not be defeated by any party whatsoever. ”

Turki stressed that “the stability of the dinar exchange rate is of great importance to the revitalization of trade and economic movement of Iraq with various world countries, the fact that Iraq has the commercially promising market, can make the dinar currency position among all the present and future.”

The Central Bank of Iraq announced, earlier, the cancellation of banking companies is registered has regardless of obtaining clearance from the Ministry of Commerce or not, and stressed that the banking companies registered and certified before 2003 were 300 companies only, as pointed out that companies exceeded Thousand It a mixture of companies that operate in accordance with the conditions and regulations of the bank and the other got the approval from the Ministry of Trade, while other companies operate without getting any vacation.

He called on the International Monetary Fund Central Bank of Iraq to “take measures to gradually towards the liberalization of view of foreign exchange through auctions held by the Bank so as not to repeat disorders suffered by the financial market in the past year, while stressing that the establishment of a banking system nationalist requires abandoning the current model which controlled weak banks by state-owned receive preferential treatment apart from private banks, “calling on Iraq to do to strengthen public financial institutions to ensure efficiency and transparency in the use of oil revenues.

LINK

[tlm724] lets just take a few paragraphs

[tlm724] the dinar exchange rate has implications for Iraq’s trade with various countries of the world, he stressed that the Iraqi dinar “can not defeat.”

[tlm724] “can not defeat.” can’t be beat, won’t lose !

[tlm724] for Iraq’s trade with various countries of the world, he stressed that the Iraqi dinar

[tlm724] dinar will be used for all trade with all countries that deal with Iraq !

[tlm724] the stability of the dinar exchange rate is of great importance to the revitalization of trade and economic movement of Iraq with various world countries, the fact that Iraq has the commercially promising market, can make the dinar currency position among all the present and future

[tlm724] the revitalization of trade and economic movement of Iraq with various world countries

[tlm724] the revitalization of trade = tariffs fully implemented AND WTO imo

[tlm724] can make the dinar currency position among all the present and future

[tlm724] making the dinar front and center NOW and in the future

[tlm724] He called on the International Monetary Fund Central Bank of Iraq to “take measures to gradually towards the liberalization of view of foreign exchange through auctions held by the Bank so as not to repeat disorders suffered by the financial market in the past year

[tlm724] see that ,we already knew this, take measures to gradually towards the liberalization of view of foreign exchange through auctions. So why is the CBI repeating it now ? When I read that I viewed it differently this time, taken in the context of that paragraph IMO only, this is saying now to stop the auctions ! They don’t want a repeat of the volatility in the market anymore !

[tlm724] while stressing that the establishment of a banking system nationalist requires abandoning the current model, abandon the current model ,saying stop what your doing and move to the next phase !!!

[tlm724] therealbubbie what do you think ?

[therealbubbie] tlm724 I think we are very very close !!

[tlm724] therealbubbie yes I totally agree !!!

[tlm724] therealbubbie do you see what I am saying with that art ?

[therealbubbie] yeah … that we are very very close !!

[tlm724] therealbubbie *hallelujah*

[tlm724] therealbubbie the IMF called on this policy liberalization a long long time ago, I don’t think gradual application applies anymore ! the market is way out of control as you showed the other day bubbies !

[therealbubbie] tlm724 the WTO will show up in an article that its done just like chapter 7 and the tariffs !

[therealbubbie] the market is at 1221

[tlm724] wow

[therealbubbie] 1205 on sept 15th

[Dogznova] and going higher

[therealbubbie] Dogznova you read my mind !

[tlm724] volatile ! they get it stable then it goes on a crazy roller coaster ride

[Dogznova] not sure they will let it go to 1290 again.. but we shall see

[tlm724] Dogznova I don’t think they will

[Dogznova] the pattern keeps repeating itself

[tlm724] Dogznova exactly and as we saw above the IMF is putting the pressure on !

[tlm724] He called on the International Monetary Fund Central Bank of Iraq to “take measures to gradually towards the liberalization of view of foreign exchange through auctions held by the Bank so as not to repeat disorders suffered by the financial market in the past year

[tlm724] so as not to repeat disorders suffered by the financial market in the past year

[Dogznova] well.. unless they put the dinar in a basket.. they can’t stop the movement.. Unless they can figure out how to stop the dollar from moving. it’s tied to it. I watch the dollar everyday it moves, the dinar is lagging behind.. but it does move according to how the dollar has moved

[tlm724] yes I understand that what I am saying is if they stop the auctions then bring out the new bills with value added it will stop all this !

[Dogznova] the Market price I’m talking bout

[tlm724] yes and how do you control the markets ?

[Dogznova] .. But when the dinar is tradable.. The exchange rate will move exactly the same.. Unless they put it in a basket like I said. Kuwait couldn’t control it so they put theirs in a basket other countries do it in different ways. Like Saudi Arabia.. they have two currencies, theirs and Bahrain’s

[tlm724] okay so Iraq can put the dinar in a basket with another country right ? like maybe Kuwait ??

[Dogznova] yes they can.. and probably will right now they are learning how to control one side of it. The Market side

[therealbubbie] if they do then what will be the price of the dinar Dogznova

[Dogznova] when it goes live.. they will have to control both sides of it

[Dogznova] therealbubbie you mean when they put it into a basket?

[therealbubbie] yes !

[Dogznova] How would I know lol I do see it move though

[therealbubbie] Dogznova *slap*

[Dogznova] and if it’s tied directly to the dollar.. Then it moves just like the dollar does

[tlm724] Dogznova do you know if these co-mingled currencies, for a lack of a better term, are comparable in value ?

[Dogznova] not sure which currencies your referring to ? the ones in Kuwait basket ?

[tlm724] lets say Bahrain

[Dogznova] ah, great question

[Dogznova] if you add the two together.. you come up with 3.10 that’s why Saudi lets their currency stay low.. They have Bahrain, they control both,they print their own currency when ever they want.. But keep the Bahrain dinar on the up and up so to speak.. It’s a deal they have set up with the BIG three IMF and such

[tlm724] ok again the IMF !

[therealbubbie] Dogznova if they want the people to love the dinar it would have to be greater than the dollar .no?

[Dogznova] Libya’s currency is pegged to SDR.. and it’s at 1.40 and stays there… That might be what also happens in Iraq

[tlm724] right Iraq’s special drawing rights are listed on the CBI site

[Dogznova] but Iraq has waaaaaayyy more oil then Libya but you get my point

[tlm724] yes and ty !

[tlm724] therealbubbie great point ! greater then a dollar

[tlm724] so we have the CBI saying ” YO dinar will be used for all trade with all countries that deal with Iraq ! ”

[Dogznova] Yes.. I don’t know of many oil rich countries that are lower then a dollar.. Iraq is the only one I can think of

[tlm724] IMF wanted them to liberalize the foreign exchange but IMO only this is saying to stop the auctions

[therealbubbie] it would have to be greater than the dollar … why else would it give Iraqi people incentive to use it !!

[Dogznova] they will stop them so to speak… They are gonna go to a different type of system

[Dogznova] therealbubbie I agree

[tlm724] we have a severe problem with a currency vacuum, counterfeiting, market volatility and the CBI saying we are TRADING with ALL countries in dinar !

[Dogznova] if they change the auctions though before they change the rate.. I would be surprised

[tlm724] sure looks like they are ready for the big move !

[Dogznova] there is definite clues in what they say.. but it takes awhile for those clues to show the full extent

[Dogznova] well I haven’t gone away from.. They won’t change the rate until the currency reform program is done

[tlm724] Dogznova and you certainly may be correct the only thing about that is this, we don’t know what has been done and what still needs to done. The CBI could be many many steps ahead of the plan, just a possibility but we must remain flexible in our opinion due to lack of definitive proof ! Remember the best laid plans of mice and men ,things change !

[Dogznova] their right on time according to the Black and white print I see

[tlm724] Dogznova okay and I appreciate that more than you know but the point I am making is that its just that, black and white , what I want to know is where are they actually

[Dogznova] Do I think they are gonna change the rate right at the end of the reform program.. No I don’t. But I definitely don’t think they will change it before it’s done though

[therealbubbie] Dogznova where do ya think the market price is heading to ?

[Dogznova] therealbubbie I wish I had a good chart to track it..But it’s shouldn’t go up that high because the dollar is way down the past few weeks.. So I’ll go out on a limb and say no higher then 1250 if even that high..

[therealbubbie] Dogznova we wait and see !

Dogznova] need to be in Iraq to take advantage of it though.. But when this goes live.. Your gonna want to see where the dollar is trading at in order to get the best rate.. Unless you plan on cashing all out at once but I don’t

so in order to get the best value.. One will have to follow the dollar because it’s currently pegged to the dollar

[Dogznova] you see them controlling the Market price with the currency auctions right now.. Correct ? the less they pull in.. The higher the Market price goes

[tlm724] Dogznova yep

[Dogznova] it’s all about teaching them how to do it one step at a time

[tlm724] but again I ask IF the IMF is really saying stop the auctions like I believe they are, what is Iraq’s next move ??????

ttherealbubbie] so here’s what I don’t understand … they have counterfeiting .. they have soiled torn up money .. people don’t want to use it …. and yet they do nothing !!

[Dogznova] the last part is.. controlling an actual live rate on the world stage.. Remember, they never and I mean never have done anything like this before

[Dogznova] therealbubbie oh but they are, yes they let something’s slide right now

[therealbubbie] Dogznova like ?

[Dogznova] counterfeiting, worn torn money

[tlm724] and how do they fix that ?????? bring out the new dough baby !!

[Dogznova] once the new currency and all the new stuff goes into effect.. For one the older people that know how to dupe the system won’t know how to dupe the new system.. At least not right off the bat

[tlm724] exactly !

[therealbubbie] but the people don’t trust it ! only one way to love the dinar !!

[tlm724] value value value !!!

[Dogznova] well just think if they changed the rate.. But didn’t fix the system… How long would that have lasted

[tlm724] dogz what, in your opinion needs to be done to “fix” the system please

[Dogznova] like the retail payment system.. Gotta have that in place.. No?

sorry.. Let me rephrase that.. Make the system and put them on it.. They had NO system.. did it all by hand in the past.. Like all on paper 1930’s style so it was like starting from scratch

[tlm724] are you talking about a point of sale system ?

[Dogznova] scrap the old Saddam way.. and bring in the current way.. and if you have never ever been on any type of modern system.. well you can see why they needed 10 years

[Dogznova] tlm724 this http://www.cbi.iq/documents/Announcemen-en.%20(2013-d.5).pdf

[tlm724] Dogznova right so last Dec

[Dogznova] last DEC they started taking on bids that I just showed you was from Aug 15th this year

[tlm724] Dogznova now would you say that is all electronic right ?

[Dogznova] has to be but I wonder if all merchants will have it ? street vendors can’t have electronic payment systems yet.. Can they?

[therealbubbie] Dogznova no ! they still count on there toes !

[Dogznova] I didnt think so I mean without being there.. It’s just to damn hard to tell whats actually going on

[tlm724] Dogznova therealbubbie look at this please

[therealbubbie] k

[Dogznova] you bet

Iraqi Banking’s Great Leap Forward Posted on 02 December 2011. Last month the Central Bank of Iraq co-hosted a conference with USAID’s Iraq Financial Development Project on “Integrating the Banking and Financial Services Sector in Iraq.”

This event, which was held in Istanbul from November 18-19 covered two upcoming changes to the payments system that have the potential to revolutionize Iraq’s banking sector.

The first is the introduction of a “national switch” for processing credit card and ATM transactions. The switch—essentially a router and some specialized software—will connect all of Iraq’s ATM machines and credit card point-of-sale scanners to a common platform.

At present, each card-issuing bank operates its own system. Because not every point of sale is connected to every system, no one card will work everywhere. Little wonder that almost everything is paid for in cash.

The second is the establishment of the Iraq Interoperable Mobile Payments System (IIMPS). This system will reach out to people who do not have a bank account by making it possible to bank by mobile phone

Users will open accounts by calling a number and speaking with a representative. They may then make cash deposits and withdrawals either at branches or at venues such as retail shops that the banks will designate as their agents.

Making a payment will require nothing more than a phone call to transfer funds to the payee’s account. There will no longer be any need to pay for anything with “blocks” of hundred dollar bills.

Both systems are supposed to begin operations in 2013. Of the two, the mobile system seems particularly promising. Even with the national switch in place, merchants may be reluctant to accept credit cards because of the associated fees and the paper trail they leave for the tax authorities.

The IIMPS, however, should be readily adopted by anyone with a mobile phone. That’s a lot of potential new customers for the banks.

http://www.iraq-businessnews.com/2011/12/02/iraqi-banking%E2%80%99s-great-leap-forward/

[tlm724] 2011 *

[Dogznova] yes.. that’s the banking side and at that time there was still more to do

[tlm724] Dogznova well if the merchants have a cell phone couldn’t they use that as well for transactions ?

[Dogznova] oh yeah

[broncoroper] Asia cell

[tlm724] broncoroper yes and ZAIN too

[therealbubbie] They may then make cash deposits and withdrawals either at branches or at venues such as retail shops that the banks will designate as their agents.

[tlm724] so is it safe to say they are making progress??? we know Microsoft has been there for awhile now right ?

[tlm724] therealbubbie right !

[Dogznova] leaps and bounds

[tlm724] so leaps and bounds COULD indicate tremendous movement forward that we don’t even know about ! is that a fair statement ??

[Dogznova] well the hard part is everyone is looking for the end.

[Dogznova] I do believe something will change in a big way signaling the end of the reform program.. But I just don’t know if it will be a rate change..

[Dogznova] I can say they have done something to the rate at the 5 year mark and at the 8 year mark.. So we shall see

[therealbubbie] Dogznova……… end of the currency reform program don’t mean a rate change… that’s what I am talking about .. they just won’t do it !! and it blows my mind as to why !! imo until they get off the use of the dollar they can wait and wait …

[tlm724] therealbubbie they are addicted to the buck

[Dogznova] well they sell oil in dollars but yes bubbie you are correct.. They need to give us back our dollars they don’t want to use them anyway

[therealbubbie] tlm724 that’s right … and nothing holds their feet to the fire … if they didn’t have the dollar this would of happened already!!

[tlm724] therealbubbie exactly ! so let me ask again what happens when the auctions stop ??

[Dogznova] tlm724 the rate will have changed IMO although.. who knows

[therealbubbie] let me ask again what happens when the auctions stop ??

[tlm724] Dogznova ok ! so if I am right and the IMF is saying stop the presses that means they are changing the rate right ??

[Dogznova] could be.. but they can’t stop it at this time.. If they could.. I sure as hell have no clue what would replace it

[tlm724] Dogznova nothing maybe ? market driven currency ? pegged to who ? maybe Kuwait ??

[Dogznova] well the auction won’t stop until all the USD is off the streets

[tlm724] so to dry up the dollars on the streets you need dinar !

[Dogznova] I guess.. you change the rate and yes everyone turns in their USD.. sure it’s off the streets.. And that’s probably the plan

[tlm724] and how do you get the people to give up their precious USD ?? give them new currency with value over a dollar !

[Dogznova] yes

[dinardoe] YESSSSSS

[Dogznova] so that is the future

[tlm724] Dogznova *hallelujah*

[tlm724] Dogznova how do you know its the future ? just askin

[therealbubbie] ya want to dry up the streets… pass out the new dinars give it a rate of 1.03 and tell the people the dinar is now the law of the land !!

[Dogznova] for one.. they gotta finish the 10 year reform program

[tlm724] who says that ?

[Dogznova] it’s been this long.. they not gonna just do something right before it’s done

[tlm724] Dogznova but please remember what we talked about above there is always a possibility that more is done then we know, will you at least give me that much ??

[Dogznova] there is definitely more done then we know of.. 100% true statement but change the rate before the 10 year reform program is done… Sorry I can’t go there

[tlm724] Dogznova it’s all good and I truly respect your opinion and I am NOT saying you are wrong , we are just brain storming is all

[Dogznova] of course and I like it

[tlm724] me too ! therealbubbie what say you ?

[therealbubbie] therealbubbie what say you ? …. just do it !!!!!

Parothead: Great thoughts. I want add a couple of comments.

he stressed that the Iraqi dinar “can not defeat.”
Could this mean that the factions in Iraq that want to keep the Dinar low and control the masses is who he is talking about?

I believe the most important thing you are overlooking is….Chapter 7. Iraq was released into Chapter 6 yesterday. That is the key to being able to freely do business internationally. I for one think you are over thinking the whole issue.

They had to be released fully from Chapter 7 to get out of jail. Now they can increase the value, issue the lower denoms and remove the dollar thru exchanges, from the streets of Iraq. It is all being played out in front of us.

It is the only way they will get the region to use the dinar. I believe that the revaluing of their currency is how they are getting Kuwait paid and into Chapter 6!

The internal mechanisms are not as important to the world as the ability to trade internationally.

I really don’t think the value is as important as the fact they are have a sound value to their money.
JMHO……

Iraqi Dinar GuruAdmin Shredd & BLC Member Chat 9-26-13

[tlm724] There are many crises experienced by the citizens and almost not be considered or counted, especially those that concern the health of citizens and life-threatening With the synchronization of the brutality of terrorism, innocent, growing after Altgieranv terrorism, food and health through imported food and medicine Almananthah effect

With the poor quality of materials there are some brokers of weak people who the introduction of goods in several ways tainted by bribery and buying accounts receivable, so find a lot of our markets full of goods, corrupt, and gettin bigger that between now and then you hear about goods corrupt imported by the Ministry of Commerce,

at a time that the Ministry of Health Operations burning and confiscation of Medicine corrupt find many Albesttiyat deployed in the eastern section and the holy door is stretched out on the pavement to sell the types of medications without supervision, but find it guarded by police detachments! machine to falsify history
LINK

[tlm724] implement the tariffs/customs !! geez

[Shredd] oh they will very soon I actually have some thoughts about that as it ties to the rate changing

[tlm724] great !

[Shredd] ok, well, I think it’s easily overlooked what effect the rate change will have on exports/imports, so I’ll try to paint a banker’s perspective of the effects of the coming increase in the exchange rate of the dinar.

We all know that an exchange rate is the price of one currency in terms of another, the rate at which one currency can be exchanged for another.

[Shredd] Exchange rates surface as an aggregate demand determinant because they effect the relative prices of imports and exports.

When exchange rates change, the relative prices of exports and imports also change, which causes exports, imports, net exports, and aggregate demand to change.

An increase in the exchange rate, that is, the price of buying foreign currency in terms of domestic currency increases, causes an increase in net exports and an increase in aggregate demand.

[Shredd] We also know that purchasing power will gain once the dinar regains strength. This means Iraqis will actually pay less for goods purchased from international producers (that is, exports).

As the dinar gains strength above the true rate of the dollar, Iraqi consumers are bound to buy more internationally-made products, causing imports to increase.

This is good for all of us internationally but is expensive to Iraq, but here’s the thing….as Iraq becomes more and more multi-sector sufficient, imports will fall and as I just explained above….exports are rising, so that means net exports unquestionably increase.

[Shredd] What does that all mean? Well, with an increase in net exports, aggregate demand increases! Bottom line: The higher exchange rates cause an increase in aggregate demand.How ?

A higher exchange rate will discourage imports (reducing expense) and encourage exports (increasing revenue).

As Iraqi producers come into Iraq, they all know this beautiful scenario because they will face less competition from foreign products and export more production to other countries.

[Shredd] Lastly, investors putting their capital up front to invest in these producers (companies) love this scenario as well because the available spread for returns will be great.

Let’s not forget that labor costs will be low for years to come so operational outsourcing will also be a contributing factor. This is what you call a win-win-win scenario!!!

[Shredd] ….add this to all the wonderful news around the banking sector becoming fully integrated, compliant and regulated primes the entire economic bubble! We are watching truly amazing history being made right before our eyes!

[Shredd] tlm724 that’s all…..just wanted to shed some light on the rate and the effects of trading which ties into the news of WTO full membership and tariffs and just look how this will create revenue for Iraq

[tlm724] Shredd tyvm it’s always great to get your perspective !

[Shredd] as they say, money talks……….Shredd – out

Iraqi Dinar GuruAdmin Shredd & BLC Member Chat 9-21-13

[tlm724] wow what a great day ! This chat is going to be simple and to the point ! Let’s talk about tariffs and some other laws that have been posted in the Iraqi law Library (Gazzette) over the last few weeks.

Let me begin by telling you that the Law Library web site has been “down” for sometime now. Several of us have tried to access it daily to no avail.

It is up and running now whew so I find that a bit suspicious but none the less we are back in action ! And what action there is !

The big news is that the GOI has amended the Customs tariff law. This is amazing news and we all know how big this is, we have done several chats about it !

Let me quote parothead again lol “If any law is tied to currency reform this is it! ” And he is absolutley correct ! Lets take a minute to look at one quote from the law that caught my attention , here it is:

Article 5 – taken into account in applying the provisions of this law, the facilities granted under the Investment Law No. 13 of 2006, as amended on imported goods for the purposes of investment projects exclusively . LINK. LINK

[tlm724] IMO by amending the tariifs law this facilitates the Investment Law, it opens up a whole new world for Iraq ! Another law amended was this one : Social Welfare Act

[tlm724] This is their disabilities act modeled after ours imo. look at this one line from this law:

– Take care of the family as the nucleus of society, and attention to children, because our national wealth begin human child.

This is a great law and again is showing us the direction iraq is going. FINALLY they are taking care of their own !!

Now the last Law amended I want to show you is the Adjustment Act contraband and forbidden money circulating in the local markets

Summary:

To curb smuggling and money in order to confiscate forbidden traded in local markets and for the purpose of encouraging and rewarding persons and entities to disclose the offenses covered by the provisions of this law, initiated this law

[tlm724] Not only does this law curb smuggling, look at this : III – Chairman of the Committee authorizes the validity of customs officer stipulated in Article (195 / I) of Law Customs No. (23) for the year 1984 for the purposes of implementing the provisions of this law.

If you ever ,even if just for a moment, thought we would never get here then just take a look at who is helping them implement these Tariffs and Customs

Undersecretary of the Ministry of Agriculture looking with a delegation from the U.S. Agency for development of a quality management system & Supplies 21-09-2013 12:11 PM

Baghdad (news) .. Search administrative agent for the Ministry of Agriculture Ghazi Radhi bonded with a delegation from the United States Agency for International Development, the quality management system and procurement in the field of agriculture.

said slave in the statement of the ministry received the Agency (news) copy of it: that during the meeting, they discussed the possibility of the application of the quality management system and procurement in the Ministry Because of its importance in the development of the administrative work and what is in the interest of the country and the ministry.

pointed to: that the ministry is planning to establish a specialized section for this purpose after choosing cadre appropriate and specialist in this field and disseminate this experience at all departments and directorates of the Ministry and to serve the objectives in the development of capabilities employees.

slave added: that the ministry needed to evaluate the results of the program in order to see how the trainees benefit from the ideas of the program and the possibility of their application in the field of their work in the departments and sections of the ministry LINK

USAID = USAID is facilitating this integration, enabling producers and rural industries to better connect with agricultural trade and market opportunities.

Specifically, we are working with public and private sector market participants, governments, universities, agribusiness value chains, and civil society and farmer groups to:

• Support the development of sound policy environments that enable open markets, private sector investment, and gender-equitable access to factors of production, products, and income.

• Promote effective institutions and services, such as rural extension and finance, to enable both women and men producers to acquire, protect, and use the assets they need to take advantage of emerging market and trade opportunities.

• Strengthen producer and other rural organizations to help them participate effectively in national, regional and global markets, reduce transaction costs, acquire productivity-enhancing technologies, and make use of information on domestic, regional, and international markets.

• Develop product standards and quality control to meet market demands for food safety, purity, and quality, and to reach higher-value markets.

• Develop the public sector’s roles as provider of market-facilitating goods and services, regulator and referee, and monitor and analyst LINK

[tlm724] This will facilitate the tariffs and while we are looking at USAID remember this part : USAID

Financial Sector Development Program

•Country

•IRAQ

•Sector

•Economic Growth and Trade

•Project Timeline

•07/01/2010 – 07/31/2014

•PROJECT STATUS

•Active

•TOTAL OBLIGATION

•$53,300,000

Project Description

This project is will improve the soundness of the Iraqi private financial sector through institution strengthening, targeted economic reforms, and improving the quality and availability of finance and business education.

The project provides economic consulting services to both the public and private sectors in Iraq, with the goal of assisting Iraqi counterparts in developing a comprehensive financial sector infrastructure to help ensure the long-term growth of the banking sector in the country.

The program gathered a strong team of international and Iraqi experts working to enhance the communication process between the Central Bank of Iraq (CBI), bankers, government officials, and other Iraqi entities to create a consensus as to the appropriate models for the development of an efficient Iraqi banking system that aligns with regional and international standards. Project Objectives

•Enhancing the advocacy capacity of the private financial sector focusing on capacity building and institutional strengthening of a national private banking organization.

Assistance covers a wide range of activities, including the development of the broader aspects of the financial services sector.

•Improving the soundness of the private financial through institution building and targeted reforms through focused capacity building.

The project will establish and develop financial sector institutions such as a credit information bureau, a bank training institute, and a retail payments system.

•Improving the quality and availability of finance and business education addressing the fundamental issue of a skills gap existing among university graduates entering into the banking sector, with the continued support of the Minister of Higher Education. LINK

[tlm724] That is it ! The tariffs are done and we watch as they implement them on the ground ! Again this is the final step towards accession into the WTO also. Check it off the list ! Thanks !

ADDED from this afternoon

[tlm724] I actually am going do a part 2 of the tariiffs chat if you all will be patient with me, this is pur of the moment and ty bubbies

[tlm724] as some of of you know I read the minutes from the session on the 9th and what I read was very interesting, more specifically it was about the WTO and some of these laws, let me show you just a little of the minutes

[tlm724] this is what they were discussing complete the second reading of the draft law on first amendment to the Law on the Protection Iraqi products No. (11) for the year 2010.

[tlm724] MP Bahaa Hussein Ali al-Araji (Head Integrity Committee ): – This project is important, but this project or if it becomes law in fact there must be coordination with other laws, the most important of these laws is the customs, as well as taxes,

[tlm724] see that they go hand in hand , now look at this WTO

[tlm724] Mr. Safa al-Din Muhammad Net (Minister of State for Parliamentary Affairs): – the beginning of the fact that I thank the Committee on the steps of this law for discussion and I thank the MPs for their interventions,

and in fact this law is of particular importance is reflected in that it supplies Iraq’s accession to WTO fact that the government found that the accession to the traders the world needs to be real protection for products of Iraq in light of the free market and under the requirements of this accession.

[tlm724] so this conversation went on and on and the thing that really got me about the whole customs/tariff thing was that they didn’t know which Ministry should handle it !!

[tlm724] well guess what ?

[oogie] what

[tlm724] they couldn’t go forward without knowing who was in charge of this tremendous undertaking

[tlm724] today right there in black and white in the amendment it says

[tlm724] drum roll please

[oogie] brrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrr

[tlm724] Secondly – the Minister of Finance to instruct the implementation of this law.

[tlm724] *hallelujah* we have a winner !

[oogie] *hallelujah*

[tlm724] and the winner is Iraq and it’s citizens and us !!!

[oogie] amazing how it seems nothing much going on and then boom stuf shows up

[tlm724] oogie ty for the drum roll

[oogie] yw

[tlm724] oogie I know it all happens at once

[oogie] sneaky devils

Iraqi Dinar GuruAdmin Shredd & BLC Member Chat 9-19-13

[lightingcslt] Baghdad / Baghdadi news / .. Expressed the parliamentary Finance Committee, on Thursday, its support to all Iraqi banks to open branches in European countries, octagonal effort Rasheed and Rafidain bank in this direction.

Committee member said Najiba Najib told the / Baghdadi news / “Rasheed and Rafidain bank opened several branches in Dubai and Romania are in the process of opening other branches.”

Najib promised Iraqi bank opening branches in European countries “good steps that strengthen mutual trust between the Iraqi banks and other world countries and to keep pace with the evolution of international banks and communicate with other countries and support investment in Iraq.” Ended LINK

[Shredd] great article lighters, a bank can operate in more than their originated country. They can transact all currencies like any other. Their origination country’s currency and the state of it does not matter. that said……………. it’s a bit embarrassing for the dinar to be worthless if this Iraqi bank is coming into a country that has their own sovereign currency so, when I saw this, I was excited because you can’t ignore perception

[lightingcslt] are you telling me they are gonna open a bank when their own currency isn’t worth s..?

[Shredd] what their currency is does not matter they aren’t a retail store selling their currency they are a bank and will work with the currency of the country they are in

[lightingcslt] yes without an international tradeable currency

[Shredd] just like if you go to a citibank in europe they will have the majority of transactions in euros and will hold stock of primarily euros not USD only cuz they are originated in the US! but we are looking at this wrong,

don’t look at this from customer perspective look at this from the bank as an institution perspective who wants to work with a bank who is backed by Iraq UNLESS…………………..their capitalization and financial backing as well as compliance and oversight is all in order !

[Shredd] now that’s what is cool backing, protection and oversight on par with all international banks that is the bigger story

[lightingcslt] yes

[Shredd] this is the indicatior that this is all in line and that translates to the dinar having no obstacles to be internationally traded and actually useful ! but again, a bank can operate in any country and primarily transact and hold that country’s currency

[lightingcslt] yes but in my mind before they open those branches surely they will have a tradeable currency

[Shredd] I would agree but it’s not required but again, who would want to do business with an Iraqi bank outside of Iraq knowing their currency is crap, not me

[lightingcslt] Shredd exactly why would you want to do business with a bank that doesn’t have a tradable currency

[Shredd] exactly, not required but who would want to

[lightingcslt] lilttle risky

[Shredd] yup and if a bank doesn’t have deposits, they won’t survive

[lightingcslt] and folks with money don’t do risky very well

[Shredd] I think this is happening now to facilitate exchanges in the future, a no brainer imo

[lightingcslt] yep for sure

[Shredd] now, to be clear, the dinar is an acceptable legal tender

[lightingcslt] that’s why I was excited to see them opening up in Romania

[Shredd] but when I say tradeable I mean a currency of representative value which it is not now

[Shredd] yup, exciting

[lightingcslt] Shredd means getting very close

[Shredd] one would think

[lightingcslt] Shredd ty for your prospective on that mr banker, for those just joinng us let me show it one more time

[Shredd] yqw

[lightingcslt] Baghdad / Baghdadi news / .. Expressed the parliamentary Finance Committee, on Thursday, its support to all Iraqi banks to open branches in European countries, octagonal effort Rasheed and Rafidain bank in this direction. Committee member said Najiba Najib told the / Baghdadi news / “Rasheed and Rafidain bank opened several branches in Dubai and Romania are in the process of opening other branches.”

Najib promised Iraqi bank opening branches in European countries “good steps that strengthen mutual trust between the Iraqi banks and other world countries and to keep pace with the evolution of international banks and communicate with other countries and support investment in Iraq.” http://www.albaghdadianews.com/economy/item/39508-AkLAknة-AklnABnة-bDIL-bNvm-LZHEJn-AkEyonD-NAkEAJDnl-kAJbbAG-JENI-Jn-aNENBA.html

[lightingcslt] *hallelujah* *hallelujah*

[lightingcslt] Rasheed and Rafidain bank opened several branches in Dubai and Romania are in the process of opening other branches

[lightingcslt] *hallelujah* *mission*

[lightingcslt] man I can taste that dinar international currency right now ! awesome man just awesome

Iraqi Dinar GuruAdmin Shredd & BLC Member Chat 9-17-13

lm724] I want to share something with you all. Just yesterday BL told me to watch out for Allawi and this national meeting and she was right ! She’s a smart Bondlady !!

[sisterbreen] tlm724 yes !

[tlm724] well she does know this stuff

[rsp1] She’s got her eye on you, Timmy

[sisterbreen] tlm724 yes she does

[BondLady] curtseys

[tlm724] there she is *hallelujah*

[Bondlady] I’ve had enough years to see what Allawi is about

[tlm724] no doubt

[shunshine] Bondlady gm

[Bondlady] I was even bashed and everything for it but if they aren’t clued in by now…no hope for them

[tlm724] well they will know now whether they admit it or not ! Bondlady

[Bondlady] I remember the 1st time that lil bubbies figured him out. I”ll never forget that day, Allawi hadn’t been to parliament in over 2 years and it was a huge day for Iraq, they were to vote on passing the infrastructure law.

[therealbubbie] allawi *44mag*

[Bondlady] and I warned everyone then if he showed what would happen, remember bubbies?

[therealbubbie] Bondlady yep

[Bondlady] and he did just that twitched right in threw his weight around and I quote the sorry pos Allawi here….I just came to make sure you didn’t pass the infrastructure law

[therealbubbie] that piece of !@!@#

[Bondlady] and he left soon as he was sure they wouldn’t because it would be a brownie point for Maliki’s success (government) and that’s what Allawi doesn’t want and now you have the next most important move in 2 years for the GOI , sign the honor document and hold a national meeting between the 350 biggies invited

[Bondlady] brace yourselves yet again for his BS as he will be there in all his bs glory trying to cause trouble, just sayin..

[rsp1] Surely they’ll see through him this time…..he might influence some, but not all.

[tlm724] Bondlady let me ask this, is the list still strong enough to make that big of an impact ?

[Bondlady] Allawi has ties with other countries that DO cause problems and they know it and so they are scared of what he can make happen if they don’t do what he says.You see whats happened as Quatar, Turkey and Saudia Arabia have put their BS into the Iraqi pot of explosions and assasinations etc… Allawi is a murderer and he helped Hashemi esacpe hanging. Who was found guilty in federal court of haveing and hiring hit squads to kill people…among other things… Allawi’s day will come though

[tlm724] can’t wait !

[rsp1] I’m surprised he hasn’t been taken out yet.

[Bondlady] as far as his list goes he still has friends in low places with in it but if they rise above his threats and BS then just maybe they can come together as a team and for Iraq’s betterment for the people

[tlm724] ty Bondlady sure am praying for that !

[Bondlady] yes, everyone in power right now has a purpose, even that scum bag and there’s real reasons he only lasted 1/2 a term he thought if he helped get rid of Saddam he would just step right into his shoes and be even more feared and revered than Saddam.

It was pretty immediate too his actions,curfew right off the bat and killed hundreds of innocent people in one night who didn’t know about the curfew and were just scrounging around for food or walking, kill them all he said if they were out send them to hell is what he told his army and they did !

Next 6 men were being arrested and booked into jail, Allawi walked into the police station,pulled out his gun and shot them all in the head 1 by 1.

[tlm724] out right execution ! db!

[Bondlady] they never were tried in a court and he was never held accountable but then again they put Maliki right in at the end of his small rule of power and Maliki was placed as Prime Minister then and he fought right along side the USA and stomped Sadr and his Mehdi army and drove them out of Iraq and exiled Sadr to Iran where they took him in and that’s where he stayed until Maliki needed the saddrist vote to become Prime Minister again (this term) and he allowed him back in, in exchange for his blocs vote

[sisterbreen] Bondlady thats a lot to think about for this week

[Bondlady] I just wanted y’all to be alert and aware and realize this may be a huge fight and it may not happen, what we want. The people deserve better than what they have gotten . they deserve to have these laws passed that would ensure there future and the future of there country.

[shunshine] Perhaps Maliki is gonna set him up for a major fall. Who knows whats behind the scenes. jmo

[Bondlady] but for sure remain hopeful they need this very bad! This whole term Allawi has done absolutly nothing for the people but stop all the important economical laws from passing, the laws that would indeed give the people a better life! He isn’t gonna change his spots now he hates Maliki and his term and will do anything to bring it down or cause problems for him and the country

[Bondlady] remain hopeful…but…guarded

[sisterbreen] Bondlady ty

[Bondlady] yqw

[therealbubbie] [Bondlady] remain hopeful…but…guarded… amen to that !!!

[tlm724] Bondlady ty !

(later this morning)

[lightingcslt] Alkhozai: next Thursday will see the official announcement of the consensus between the political blocs Baghdad – and babysit – Vice President Khodair al that next Thursday will see the official announcement of who won consensus among the political blocs on the initiative of the social ladder.

Khuzai said in a news conference, “We will announce Thursday officially consensus that took place between the political blocs with regard to the initiative of the social ladder.”

He noted that “the political blocs have indicated a willingness to dialogue taken from the social peace initiative a new beginning to rebuild Iraq and an end to the differences,” stressing that “initially agreed by the new blocks will be built on the basis of brotherhood, honesty and commitment to the Charter of Honour

http://alrayy.com/92663.htm

[lightingcslt] lets hope that this meeting works for Iraq

[raindrop1] honesty and commitment to the Charter of Honour- well I hope they arent lying this time!!!

[lightingcslt] I believe they may just pull this off

[sisterbreen] lightingcslt not so sure did you see BL’schat this am about allawi

[lightingcslt] Hakim pulled one from his hat lets see if he can do another

[lightingcslt] sisterbreen no and I’m not worried about allawi, he will show his arss but I believe others will shut him out

[sisterbreen] lightingcslt praying

[Bondlady] we can only hope

[sisterbreen] Bondlady yes

[Bondlady] someone posted an article yesterday

[Bondlady] but it talked about Allawi and this national meeting and how he didn’t want to do anything for Iraqs betterment just wanted to cause bs and never do anything for Iraq and its very true anything to cause problems for the government, I’ll see if I can find it

[lightingcslt] Bondlady that could have been bs as well, one article

[Bondlady] if you have been paying attention through the years you know it’s not though *slap*

[lightingcslt] well people do change

[tlm724] Baghdad (news) .. announced the head of the solution parliamentary internalized in the Iraqi List MP Ziad worldwide abolition; that his movement would not be obliged to sign the document of peace community as long as the Iraqi government and unable to respond and stop the massacres and forced displacement of our people in the provinces of central and southern Iraq.

and take it worldwide abolition in a statement received by the Agency (news) copy of it: recent developments and escalation of targeting and killing and displacement of a particular component in the provinces of Basra, Dhi Qar and Wasit,

without moving local governments and offset the failure and ignore the government security to provide protection to the Iraqi people without discrimination, and that – with regret – concluded today Declaration of the Sunni Waqf closing of mosques and places of worship in these provinces leaves us no choice but to appeal to Islamic organizations and international humanitarian to announce this provincial areas (disaster religiously). http://www.ikhnews.com/index.php?page=article&id=101222

[therealbubbie] allawi should of been *44mag* along time ago !

[Bondlady] so I wouldn’t just go off all half cocked and think they are just gonna show up for this national meeting and not have Allawi do what he’s done for over 3 years either ! Don’t bury your head in the sand ! Stay hopeful and aware but be guarded

[dealerdean] BAGHDAD / Baghdadiya Enoz / .. Reduce the State of Law coalition led by Prime Minister Nuri al-Maliki, on Monday, the importance of the Province of the existing Iraqi President Iyad Allawi, the national meeting called by Deputy Prime Aljhmuria of Khaddiralkhozai.

The MP said the coalition Mohammed Chihod told / Baghdadi News /, that “post Allawi at the national meeting of the signing of the initiatives of the code of honor and social peace will be negative, not positive,” noting that “Allawi does not assume responsibility does not care about the interests of Iraq, but his participation in the political process are for positions and fabricating crises. ”

The Chihod added that “to Lucan Allawi charge interest of Iraq and Iraqis attended the meetings as a member of parliament,” he said, stressing that he “adopted a policy of fabricating crises and withdrawals from the government and the parliament sessions in an attempt to obstruct their work.” End

LINK

[Bondlady] tyvm sprout. It’s as if I wrote the dayum article itself right there, it says what I have been saying for over 3 years

[dealerdean] Bondlady you are very welcome

[Bondlady] but believe what ya want to but I’ve always tried to keep you all level headed in this thing and I don’t want you all to fall for guru bs and think this national meeting means rv when it doesn’t . It’s about if they can find some means that they can set aside their hatred of each other and do what’s right for Iraq and its people.That’s it!!!!!!!!!!!!!!!!!

[tlm724] ty !

Iraqi Dinar GuruAdmin Shredd & BLC Member Chat 9-16-13

Shredd] Just a reminder: It has been known that the project of omitting zeros from the Iraqi currency will like to take place in next month. LINK

[cat] Shredd thanks love that one

[Shredd] “This project will lead to reducing the proportion of the national currency traded from 4 billion to one billion.” The statement further reveals that the size will be reduced to a quarter and this will enhance the value and easy to transport.”

[Shredd] this will enhance the value easy to transport = low denoms, simply cannot happen without a rate of a dollar otherwise, supply will run out real fast or Iraq will fully dollarize and ignore their newly released dinar…………NOT.. hey, lets pay tons of money to create and release a new set of notes into circulation but lets not change the rate so no one uses it… NOT

[Shredd] if this plan really sticks to the stated time frame,

[lightingcslt] Shredd its gonna happen this month

[Shredd] we are at the most 106 days away from a rate of at least a buck. Lighters it may bud or next….not sure what the Oct article really means, perhaps prep till Jan or a stepped approach but Finance Committee and CBI have said replacement is 2 yr process so hard to put deadlines on it if its a 2 year process .

I mean, I think its really that simple I just wonder how this will all play out for us. A large part of me thinks it will be and easy process exchanging but local banks will need to be able to accommodate large amounts

[b2stepblue] its electronic not cash right

[dinardoe] didn’t they say at some point that we would have 2 years to cash out our dinar before they would stop taking it?

[Shredd] b2stepblue yes but banks need to know what large sums to expect so they can invest it same day

[Shredd] dinardoe no

[dinardoe] or should I say for people to cash out the big 000 notes

[Shredd] the two years is the replacement process for CBI regarding how long it will take to fully or mostly remove large notes from circulation is an estimation I suspect

[dinardoe] I thought they said for us not to worry about getting stuck because we couldn’t get cashed out fast enough that they would give 2 years to get them turned in

[Shredd] b2stepblue also banks will need to independently decide on spread

[Shredd] dinardoe time will tell but “they” is who?

[dinardoe] I should have said anyone with 000 notes, that they would honor the 000 notes for at least 2 years perhaps this is the 2 years this article refers to

[Shredd] noting has been said from the CBI and they are the entity to decide how long the 000 notes will be legal tender Shredd-out

Iraqi Dinar GuruAdmin Shredd & BLC Member Chat 9-14-13

[tlm724] Good evening everyone. Its been awhile since we have done a status check on Iraq so I thought maybe we can do one now

I am going to look at several points of interest, namely

1. The citizens

2. The Prime Minister

3. The GOI

4. The International Community

5. My Summary:

I appreciate your patience until I am done

1. The Citizens: While doing news searches today I found an article that states the reason’s behind the recent protests and I would like to show you a few paragraphs so you have a better understanding of the mind set of the average Iraqi citizen.

It’s titled : New Iraqi Protest Movement Targets Corrruption

This campaign called to cancel the huge pensions obtained by the parliament members, as well as the large privileges enjoyed by officials inconsistent with the living standard of a country where large segments of the population suffer from poverty, unemployment and the absence of public services

Supporters of the campaign believe, however, that addressing corruption must start by dealing with what they deem “masked corruption,” exemplified by legislation that grant senior officials significant privileges.

According to them, the parliament should reform itself and act as a responsible institution in order to be able to reform the rest of the institutions and fight corruption in the executive branch. After all, it is the only institution capable of issuing legislation that limits those privileges.

Following the demonstrations, the government was forced to announce a bill whereby the pensions of parliament members and senior officials would be reduced. It refused,

however, to grant a license to the demonstrations, and the security apparatus violently suppressed the demonstrators. The contradictory position of the government reveals a hidden fear of the evolution of protests to a continuous popular movement that could spin out of control. LINK

[tlm724] This just shows us that the people have had it ! They are all too aware that the corrupt people are also the one’s who make and pass the laws that allow their continued corruption.

As parothead said “it’s about time” and I couldn’t agree more ! This is sending a very loud message to the GOI. This one sentence says it all “The contradictory position of the government reveals a hidden fear of the evolution of protests to a continuous popular movement that could spin out of control.”

The GOI should have a very serious fear, just look at the surrounding countries Iraq, your people are pissed ! I will say that this protest and the fear of it spinning out of control bodes well for us.

I don’t believe the corruption will continue at the level we have been witnessing and I will show why in a few.

2. The Prime Minister: lets look at what he has been up to. On Sept 1 he said this

” BAGHDAD / NINA / Prime Minister Nuri al-Maliki said “the demonstration, which came out yesterday, expressed its point of view that we adopt it, and the demonstration is a legitimate right, whether we agreed with its point of view or not, and every citizen has the right to express his opinion in accordance with legal regulations.”

He said in a press statement: “I confirm my commitment and the government’s commitment to provide climates of democracy adopted by the Constitution” adding that “I have taken the demands of the protesters and we will put them in the Cabinet’s meeting on next Tuesday to put a bill to the House of Representatives, asking the House to interact with the demands of the masses.” LINK

[tlm724] I have taken the demands of the protesters and we will put them in the Cabinet’s meeting on next Tuesday to put a bill to the House of Representatives, and he did .

And of course he introduced the Economic Reform Law “Cabinet approves draft law on the federal economic reform.

13/08/2013 16:11:00

Baghdad/ NINA /– The Council of Ministers approved in its 35th meeting headed Prime Minister Nuri al-Maliki today the draft Law of the Federal Economic Reform.

According to a statement today, the Council of Ministers also approved the draft law to amend the regulation and legislation Law , noting that the two draft law has been referred to the Parliament./End LINK

LINK

[tlm724] That law now sits in Parliament so we watch for that. Maliki appears to be doing the right thing as far trying to keep this country headed in the right direction. I am not saying he is perfect I am just saying actions speak louder than words.

3. The GOI: Now I know this is a pg-13 site so I will contain my true thoughts about them lol . Lets talk about an article parothead found today, let me show you.

September 14, 2013

Najafi calls for the central bank to the need for coherence between monetary and fiscal policy

The head of the House of Representatives Osama Najafi, the Central Bank of Iraq, on Wednesday, to the need for coherence and coordination between monetary and fiscal policy. “

The invitation Najafi during his visit to the Central Bank, which praised the role of the bank and its quest to maintain the exchange rate of the dollar against the dinar, as well as the efforts of workers “exceptional in exposing corrupt files and bring the number of employees in the bank and Almadra Commissioners for some private banks to the judiciary.”

He also stressed Nujaifi “Speed ​​resolve issues related to money laundering, corruption and the protection of Iraqi funds, especially after his release from Chapter VII.”

LINK

[tlm724] So Najafi had a little pow wow with Turki, interesting ! Najafi wants coherence and coordination between monetary and fiscal policy. So let me explain you what monetary and fiscal policy is :

monetary policy is the process by which the monetary authority of a country (The CBI) controls the supply of the money , often targeting a rate of interest for the purpose of promoting economic growth and stability.The official goals usually include relatively stable prices and low unemployment.

fiscal policy is the use of government revenue collection (taxation) and expenditure (spending) to influence the economy. The two main instruments of fiscal policy are changes in the level and composition of taxation and government spending in various sectors.

[tlm724] So we see Monetary policy differs from fiscal policy, which refers to taxation , government spending and associated borrowing.

Najafi is asking Turki for coherence and coordination, bring the two policies together and make them work in tandem.

He also wants Turki to hurry and resolve all issues related to money laundering, corruption and the protection of Iraqi funds. So this is the speaker of the house saying hey get these things done and do them quickly ! Turki obviously has the full support of the GOI !

This is where the corruption mentioned above comes in. It must corrected NOW.

4. The International Community: We haven’t talked too much about them since the release of Chapter 7 but I think it’s safe to say they still have there hands deep in the pot. Let me show you what Turki had to say August 1st 2013

” Abdel Basset Turki said in an interview with “today” that large irregularities identified by the Office of financial supervision for years in the work of the Central Bank of Iraq as the Cabinet is responsible to follow the work of the World Bank and the Government of Iraq decided to end that costs me to notice undefined management the World Bank agency to reduce and eliminate these irregularities gradually to ensure the safety of the backbone in the Iraqi economy.

[tlm724] See that, the CBI is responsible to follow the work of the World Bank.

Responsible ! They are accountable to follow the World Bank’s Plan !

Right from the horses mouth as shredders would say lol

Turki also said this

“Turkish revealed that reserves of hard currency in Iraq now exceeds $ 80 billion, including 30 tons of gold and Bank’s disposal is deposited in banks, including the International Monetary Fund and the bank guarantees at the global level, we monitor the level of dealings and while we feel that one dropped their dealings we transfer the deposit to the Bank safer so that we are assured that Iraq is capable of economic stability and that is what we seek.”

[tlm724] They put a bunch of dough in the International Monetary Fund. Just because we don’t see statements or articles every week from these international organizations doesn’t mean that they are not present in the economic forefront. I truly believe and we have seen Turki state that the CBI is following the plan.

And finally my summary lol

We know the people are wise to the antics of the GOI, they are screaming to stop the corruption now or Iraq really will have a civil war on their hands !

I don’t think the international community will let it get that far. Consider this, the IMF, UN and World Bank have working with Iraq for well over 10 years now do you honestly think they will let this continue ? I do not ! IMO there is a very serious push to get this done.

If Najafi is pushing for Turki to get the things done mentioned above then the Banking Law and Anti-money Laundering Law Shabbi submitted prior to being ousted MUST be done and ready to go !

We see the Finance Committee on board to delete the 3 zeros’ and you can’t do that without the new currency. We have the National Meeting coming this week ! Can you believe it ??

This is monumental, it’s simply incredible and I know that Bondlady has been waiting years for this !

Is this the moment in history we have all been waiting for ?? I think it is ! I believe that if Iraq wants to be all they aspire to be they need to make the monetary and currency changes now !

And imo we see them making the final preparations for accession into the WTO and we all know that the currency must be international recognized prior to that !

The world is watching and it’s in Iraq’s best interest not to make them wait ! Time is running out . The time to act is now and I think we are there ! Thank you.

Iraqi Dinar GuruAdmin Shredd & BLC Member Chat 9-11-13

[BondLady] lighters gm . sorry was away, running round like a chick with me head cut off lol

[lightingcslt] BondLady story of your life nowadays

[BondLady] ino — glad buisness is better but man does it wear me out

[lightingcslt] BondLady yes but it pays the bills

[BondLady] yes and for now thats what we all must do and concentrate on, keep on keeping on

[lightingcslt] BondLady not for much longer

[BondLady] I’m hoping –you know what I thought when I saw the first Turki article about him resigning ?

[lightingcslt] yes

[BondLady] some who are freaking out about removing the 000

[lightingcslt] I knew it wasn’t true

[BondLady] they don’t know when or what he will do it for one and they get freaked

[lightingcslt] yeppers

[BondLady] so they send messages out to each other or as a pressure thing also, if you don’t we could replace you

[lightingcslt] lets hope

[BondLady] they use articles for letters remember ? So this was a pressure stunt for Turki and it worked he came out and spoke

[lightingcslt] BondLady finally,it’s what shredd was looking for

[BondLady] he’s about to do something and they know it but they are in the dark and can’t stand not knowing or being able to profit without knowin whats happening, greed and power drive them never forget that

[lightingcslt] BondLady yes that is true and they are freakin out — it’s time

[BondLady] yup

[lightingcslt] I beleive we are finally on the brink, finally starting to feel good about our investment

[BondLady] once again

[lightingcslt] yeppers

Iraqi Dinar GuruAdmin Shredd & BLC Member Chat 9-7-13

[therealbubbie] Dogznova why do they stablize the dinar .. is it because of inflation and if they go 1-1 what will that do for inflation ! ..

[Dogznova] therealbubbie Well when the market price is higher then the CBI price ie. when the market price = 1290 to the dollar.. The inflation was down..

So for what ever reason the Market price being 100 dinar over what the CBI price is It doesnt seem to effect inflation all that much.. Shredd would no much better then I..

The stablizing of the dinar means bringing the market price closer to the CBI price.. But yeah I expected to see inflation rise when the market price was so out of wack.. But it didnt.. They way they caculate inflation is like the way we caculate inflation over here..

They use what ever works to to keep the numbers down.. I understand where U R comming from but it seems the two are not related.. Shredd !!!! Help…

[therealbubbie] Dogznova ty … !!…

[Dogznova] yeah.. 1 to 1 wont change inflation.. Inflation is caculated based on a monetary policy not the value of the currency…

[therealbubbie] Dogznova so if inflation is not the problem … why do they have it at 1166 ! ?…..

[Dogznova] well it’s just basically locked at 1166.. if it was allowed to float (live) like it was before.. The rate would be way down by now.. If U seen what I posted a few days ago.. From Dec 2002 to Dec 2003 the dinar fell some 524 dinars..

Yes the next yr was only a 230 dinar drop and yes they where in war.. But they haven been in a REAL war in at least 5 yrs.. So if the rate was allowed to float like it was back then.. One could see the rate would be much lower today.. How low.. I would only be guessing.. Sorry …

[therealbubbie] Dogznova so why don’t they allow it to float !! why why why !!! ?

[Dogznova] they kind of R….

[Dogznova] they R teaching them how to do it.. ONE step at a time… [therealbubbie] Dogznova controled float ! drip drip drip !…

[Dogznova] they had to learn how to run this complex system they R bout to go into..

[therealbubbie] Dogznova hey ! lets keep this going … it will be the realbubbie and Dogznova chat !!…

[Dogznova] when it moved 524 dinars in one yr.. had they been on the system they R bout to be on.. that would of easly been more the 524 dinar move that yr.. would of been more like a 1500 dinar move…

[Dogznova] could of easly been a 2000 dinar move…

[Dogznova] where only looking for a 1165 dinar move…

[Dogznova] but yes they will still controll the move.. all countries controll the move of their currency for the most part…..

[Dogznova] if the country is week.. Then they cant controll it.. …..

[therealbubbie] Dogznova there just not use to controlling somthing that would have a say 150 pip move in one day correct ! ….

[Dogznova] on this new system .. No..

[Dogznova] but u can bet whaen it does go live.. They will no excatly how to controll a 150 a day move…

[therealbubbie] Dogznova so would it be better for them if they just came out let’s say 1-1 and be done with it !! …

[Dogznova] thats the system they been putting in place this whole time…

[Dogznova] seems the easest way from our point of view.. But I would only be guessing at the rate…

[Dogznova] but it has to be higher then the 80 something cents the USD is currently at….

[therealbubbie] Dogznova will if they want the iraqi people to fall in love with the dinar as they say it’s got or should be more than a dollar .. correct ?… [Dogznova] oh yes.. it will be..

[therealbubbie] Dogznova see i knew i get it out of you !!…..

[Dogznova] yes.. if u can get through my typos ….

[therealbubbie] i say that iraqi should just come straight out at 1-1 or a little better .. that would put an end to 1666 one day and say 950 the next !! … [Dogznova] right…

[Dogznova] give it a fair value and it wont move like that every day… [therealbubbie] the people won’t know what the heck is going on .. including me !!!……

[Dogznova] plus it will be put into a basket if it moves like that.. Thats excatly why kuwait did that….

[Dogznova] well they seemed to do just fine that yr it moved 524 dinar….. [Dogznova] and that was under the old saddam currency……

[Dogznova] the crap printed on copy paper….

[therealbubbie] yeah but the rate was still junk !….

[Dogznova] heck saddam was still incharge then…..

[Dogznova] sure…..

[Dogznova] but U can tell the world new what was about to come….. [therealbubbie] Dogznova that was saddam’s rate not the worlds view !! …

[Dogznova] oh no.. that was the offical rate .. it was 2214 and down to 1690 something by dec of 2003.. That was an offical rate…..

[Dogznova] yes still junk…. but offical… yes…

[Dogznova] but the 524 dinar increase that yr was real….. ‘

[therealbubbie] do you get the feeling were being watched !?……

[Dogznova] I didnt have dinar back then to see if our banks here in the US was trading it.. But around the world .. thats what it was….

[Dogznova] therealbubbie yes.. tredd carefully…..

[therealbubbie] hey everybody thats watching … pretty good would’nt you say !…..

[Dogznova] they r sleeping..

[therealbubbie] Dogznova ok i’ll stop with the questions this early … ty for your insite !! …

[Dogznova] ok….. [therealbubbie] done !

Iraqi Dinar GuruAdmin Shredd & BLC Member Chat 9-6-13

[BondLady] lets have a look at a few things going on

[lightingcslt] Here is some information I believe may relate to this great thread. Thank you.

Alsumaria News / Baghdad and the Council of Ministers approved, on Tuesday, to convert the purchase amount from the local currency to the U.S. dollar official exchange rate by the Central Bank of Iraq.

said the General Secretariat of the Council of Ministers in a statement received “Alsumaria News”, a copy of “The Council of Ministers held, Today, its thirty-eighth regular in Baghdad headed by Prime Minister Nuri al-Maliki.

The Secretariat explained that “the Council has agreed to transfer the purchase amount from one currency Iraqi dinar currency to the U.S. dollar official exchange rate by the Central Bank of Iraq,

” indicating that “the payment will be Under the letter of credit is opened in banks in the country of purchase in the case of direct purchase from the outside when absolutely necessary. ” LINK

[lightingcslt] Decisions of the Council of Ministers meeting No. 38 on 09/03/2013 -Approval of transfer of purchase of Iraqi dinar currency to USD at the official rate of Exchange by the Central Bank of Iraq, under a documentary credit is opened in a bank in the country of purchase in case of direct purchase from abroad when absolutely necessary. LINK

[BondLady] I was told we need to check the CBI web site under monetary policy. Open market operations start either October or November per CBI.

[BondLady] anyone have a clue ? I don’t know what all he was trying to say. Lets look at what we have

[Dogznova] I do

[tlm724] does it have to do with what lighters showed ?

[BondLady] MAYBE

[Dogznova] Open market operations start either October or November per CBI. Not sure why he has OCT or NOV

[BondLady] I still always remember they brought out new currency Oct 15

[Dogznova] if it says on the CBI.. It would say directly I would think

[BondLady] its in the monetary policy, maybe they got a new policy

[Dogznova] I will have a look

[BondLady] ty

[tlm724] open market operations AND Approval of transfer of purchase of Iraqi dinar currency to USD at the official rate of Exchange by the Central Bank of Iraq, under a documentary credit is opened in a bank in the country of purchase

[tlm724] imo they are definitely related

[BondLady] international banking

[tlm724] yes Bondlady, this looks good !!

[therealbubbie] at the official rate of Exchange

[lightingcslt] Dogznova thats definetly saying one for one under the letter of credit

[Dogznova] the CBI will be responsable for international transfers — and it looks like the CBI is able to open a line of credit amongst the other world banks ..

[lightingcslt] Dogznova yes

[Dogznova] and the CBI will be required to do the transfers at the official exchange rate.. What ever that is at the time of transfer and Shredd been looking and saying this for quite some time.. He will probably like that report

[lightingcslt] Dogznova already emailed it to him – Dogznova everyone looked right over that one

[Dogznova] not enought fireworks in the title? did you all post the Aug 15th press release on the english side of the CBI ? it’s on the main page of the CBI English side

[lightingcslt] Dogznova don’t think so

[Dogznova] yes it’s in the news section towards the bottom of the page

[lightingcslt] ok

[Dogznova] Aug 15th 2013. first press release thats been in english in quite some time

Iraqi retail Payment System Infrastructure Project link: http://www.cbi.iq/documents/Announcemen-en.%20%282013-d.5%29.pdf

[lightingcslt] what do you think timmy ?

[tlm724] lightingcslt I think its good news light and I think it is linked with what you showed !

[BondLady] light grab which ever art that came out of please

[lightingcslt] ok

[therealbubbie] lightingcslt it means there going to change the rate imo !!!!

[Dogznova] this is what I wanted to show shredd a while ago :Various strategies for the use of OMO are possible. The CBI might, for example, choose to provide for desired long-term monetary growth through the accumulation of foreign exchange reserves.

The monetary effect of higher or lower rates of foreign exchange reserve growth resulting from interventions to stabilize the exchange rate could be sterilized with OMO.

Otherwise OMO would be limited to stabilizing bank liquidity and keeping short-term money market interest rates within the tunnel of the CBI’ Credit and Deposit facility rates. OMO will generally by undertaken on an auction bases with banks. Such auctions will look very much like the foreign exchange auctions now being conducted.

[Dogznova] OMO is Open Market Operations

[BondLady] ok

[tlm724] The monetary effect of higher or lower rates of foreign exchange reserve growth resulting from interventions to stabilize the exchange rate could be sterilized with OMO

[Dogznova] OMO will generally by undertaken on an auction bases with banks. Such auctions will look very much like the foreign exchange auctions now being conducted.

[Shredd] An OMO is the buying and selling of government securities in the open market in order to expand or contract the amount of money in the banking system. Purchases inject money into the banking system and stimulate growth while sales of securities do the opposite.

Open market operations are the principal tools of monetary policy. (The discount rate and reserve requirements are also used.) The U.S. Federal Reserve’s goal in using this technique is to adjust the federal funds rate – the rate at which banks borrow reserves from each other.

Now, I don’t want to go too far out on a limb here but to me, this is defining what the cbi operations will be when the auctions cease and also when the dinar is on a market driven float.

The reason I say this is first, we know the auctions will cease once the rate floats and is free from being managed. This is a source of revenue but is primarily a tool for the cbi to manage the price of the dinar.

That said, an open market operation system allows the central bank to sell govt securities to do the same……..to generate revenue while at the same time managing pricing. How?

Well, the fed funds rate is the base for all securities pricing such as prime, libor, etc. For me, in my world, this is not new news but what is key, again, is the preparations for the cbi moving to this.

Like I had in my last chat, securities trading is the foundational element that makes an economy strong and with the pending rating coming, preparations are being made for this. On August 11, Moody’s Investor Services refers to Iraq as a “fast-growing, in particular the Kurdish region” (Credit Outlook publication, moodys.com).

[BondLady] free market right?

[Shredd] Right Bondlady, this is the sop (standard operating procedure) for a free market central bank.

[tlm724] or would be limited !

[lightingcslt] http://www.cabinet.iq/Ar ··· ?ID=3581

[Dogznova] yes this is what’s going to happen when the currency auctions stop

[tlm724] Dogznova is there a date of publication on that ?

[Dogznova] tlm724 no.. its been on the CBI for a while now.. I read it a few months ago.

[tlm724] Dogznova ok ty !

[Dogznova] I can’t find anything about Oct or Nov though

[BondLady] 38 09/03/ 2013 ——————————————- 09/03/2013 4:29 pm The Council of Ministers held its thirty-eighth regular in Baghdad Tuesday, September 3, 2013 under the chairmanship of Prime Minister Nuri al-Maliki issued by the Board the following decisions:

1 – To approve the following: – Approval of the consolidated draft pension law auditor by the State Council and forwarded to the House of Representatives based on the provisions of Articles (61 / item first and 8 / item II) of the Constitution. –

Adoption of the recommendation of the Committee on Energy on the following: First / assignment of the implementation of the tender drilling 39 wells in Maysan fields / Maysan Oil Company and the Company cnooc Iraq on listed companies below and the total amount of 347,866,727,66 three hundred and forty-seven million, eight hundred and sixty-six thousand, seven hundred and twenty-seven dollars and sixty-six cents, on the the basis of the best technical bids and lower prices. –

Chinese amount of 73824353 seventy-three million, eight hundred and twenty-four thousand, three hundred and fifty-three dollars. –

China Bohai Corporation of $ 96.66624 million ninety-six million, six hundred and sixty-six thousand, two hundred and forty dollars. –

Company Weatherford U.S. in the amount of 82,395,512,9 Eighty-two million, three hundred and ninety-five thousand, five hundred and twelve dollars and nine cents and the amount of $ 94,980,621,76 four and ninety million nine hundred and eighty thousand six hundred and twenty-one dollars and seventy six cents.

II / extension of the Memorandum of Understanding processing of the Hashemite Kingdom of Jordan for the export of Kirkuk to the Kingdom by truck under a memorandum of understanding signed between the Republic of Iraq and the Hashemite Kingdom of Jordan and another year until 09.19.2014 and the same prices and conditions contained in the note

[BondLady] this one light?

[lightingcslt] yes

[BondLady] Pacific University College 2 – Gulf University 3 – University of Uruk 4 – University of statement – Increasing the powers of the direct purchase of medicines and emergency supplies to 500,000,000 five hundred million Iraqi dinars, or the equivalent to the U.S. dollar from inside and outside Iraq. –

Approve the transfer of the purchase amount from the Iraqi dinar currency to the U.S. dollar currency at the official exchange rate by the Central Bank of Iraq and the payment under the letter of credit is opened in banks in the country of purchase in the case of direct purchase from the outside when absolutely necessary. –

Adoption of the recommendations of the follow-up committee and the work of finding and producing electric power and the problem under the supervision of the Prime Minister under the Council of Ministers resolution No. 277 for the year 2013 and to approve the publication of the report with the assumption of the Committee on Energy follow up the implementation of the recommendations. LINK

[lightingcslt] Approval of transfer of purchase of Iraqi dinar currency to USD at the official rate of Exchange by the Central Bank of Iraq, under a documentary credit is opened in a bank in the country of purchase in case of direct purchase from abroad when absolutely necessary

[Shredd] I commented on the original post, but this is really speaking of administration of normal exchanges regarding LOC (letter of credit) cash movements. Now, I know I’ve talked about LOCs before but this is a credit enhancement tool where a bank guarantees the credit worthiness of the debt to which it is attached per se. In this context, the cbi is the guaranteeing or backing bank.

To me, this is all about the very near, pending change to a free market economy where OMO is going to take the seat of the auctions and again, this will take place when the issuing country (iraq) moves from being a dual currency country and stands on their two feet upon their own dinar. We all know what that means for us!

[therealbubbie] official rate of Exchange !

[lightingcslt] now look at this — the Council of Ministers approved, on Tuesday, to convert the purchase amount from the local currency to the U.S. dollar official exchange rate by the Central Bank of Iraq.

“the Council has agreed to transfer the purchase amount from one currency Iraqi dinar currency to the U.S. dollar official exchange rate by the Central Bank of Iraq,” indicating that “the payment will be Under the letter of credit is opened in banks in the country of purchase in the case of direct purchase from the outside when absolutely necessary. ”

[lightingcslt] purchase amount from one currency Iraqi dinar currency to the U.S. dollar official exchange rate by the Central Bank of Iraq

[lightingcslt] the payment will be Under the letter of credit is opened in banks in the country of purchase in the case of direct purchase from the outside when absolutely necessary. ”

[tlm724] so this is saying international (Banks) the dinar will be recognized and transferable

[BondLady] I think so

[tlm724] thats how I read it

[therealbubbie] tlm724 yep , may mean RV soon !

[tlm724] if they put value to it yes !

[lightingcslt] looks to me like Maliki already has

[tlm724] it means that we can go to a bank here in the US and have our currency recognized and IF it has value we can exchange it for the posted CBI rate

[therealbubbie] to convert the purchase amount from the local currency to the U.S. dollar official exchange rate

[BondLady] minus the bank fee thank you all !

Iraqi Dinar GuruAdmin Shredd & BLC Member Chat 9-4-13

[lightingcslt] good morning all, you all got a minute?

[tlm724] lightingcslt you bet !!!

[lightingcslt] ok let me get started then

[poopsie] lightingcslt gm yes

[lightingcslt] first off I want to tell you all that I am not a guru. I come in here swaying you all to get ready to march. Why ? because we are as close as we have ever been for this investment to come to realization ! We read articles everyday which is good and bad, they bring us up and bring us down.

That’s why I’m here to tell you and joke with you to give you that spirit of just how close we are – now first off I want to thank my wing man therealbubbie for finding this for me

[lightingcslt] On Thursday, the 15-memebr body agreed that the issue of missing Kuwaiti people, property and archives should be handled under Chapter 6, instead of Chapter 7.

Chapter 6 of the UN Charter urges peaceful resolution of any conflict between the countries, while Chapter 7 authorizes the council to allow measures such as sanctions or military intervention if countries do not meet its demands.

The council’s resolution recognized “the importance of Iraq achieving international standing equal to that which it held prior to (1990).” The decision is regarded as a major political upgrade for Iraq as it struggles to restore its international status a decade after the US-led invasion toppled Saddam in 2003.

Iraqi Foreign Minister Hoshyar Zebari praised the council’s move, saying the move heralds a new start for the ties between Iraq and Kuwait. “This is a new beginning for the relations between our two neighborly and brotherly countries.

This is an example for other countries also to resolve their disputes and differences through peaceful means,” he said. UN diplomatic sources say the only issues regarding Iraq’s invasion of Kuwait which remain under Chapter 7 are an arms ban and the country’s payment of USD 52 billion in compensation to Kuwait. Iraq still owes USD 11 billion to Kuwait. It hopes to settle it by 2015. LINK

[lightingcslt] The council’s resolution recognized “the importance of Iraq achieving international standing equal to that which it held prior to (1990).”

[lightingcslt] SEE THIS? have you forgotten about this? Now to be internationally recognized they have to have an international currency.

Now the reason I bring this up is because of what I have been thinking about in the last few days. First off no links to support what I am about to say.

I will tell you last night I scoured the internet looking for anything that would back me up on what I’m about to say…… what if,

just what if they have a deadline to make their currency such a thing, international recognized ? why not?

Contracts all the time have 90 day periods in them, when you get hired on by an employer you are on a 90 day trail period.

So why not a country being let out of a big deal like chapter 7 NOT have the same time period ? So if I’m assuming right when is there 90 days up?

[therealbubbie] sept 27th !

[lightingcslt] right sept 27 and we all know how Iraq does things at the last nano second don’t we ? just my theory folks don’t know if its that way or not but something to think about for sure.

They can not be an international tradeable country with out a currency for much longer. That’s why I keep telling you all this is going down and its going down soon ! lights out

[tlm724] lightingcslt tyvm and point well made !

[rsp1] Thanks for your thoughts, light.

[mathews99] lightingcslt ty I hope you are right

[therealbubbie] lightingcslt wadi wadi !! *hallelujah*

[lightingcslt] mathews99 I am right about it going down

[lizajane] lightingcslt I like your way of thinking

[beekeeper] gm lighters and ty

[lightingcslt] beekeeper gm and ty

[rsp1] lightingcslt ty ! certainly worth thinking about.

[lightingcslt] rsp1 yes, yes it is !

Iraqi Dinar GuruAdmin Shredd & BLC Member Chat 9-3-13

Subject: BLC Administrator Shredd Chat 9/3/2013

[rsp1] Shredd Any words of wisdom for today?

[Shredd] ummmm, buy low and sell high lol, we got the first part down – seriously though, for me, until Turki speaks, I’m just waiting on the sidelines, we have no clue as to what his plan is re: zeros project

[rsp1] He has kinda disappeared from the limelight

[Shredd] yes and even though the project is separate from the rate moving, they are closely related and dependent on one another.

The small denoms cannot be introduced without a strong rate of at least par and the rate cannot free float right away, having the market determine rate and pace of increase without having small notes at the ready so, for me, I wait for the CBI to speak,] much more is happening that is very positive, many signs of progress, that is for sure

[Shredd] I think it is very interesting the faster pace of budget talks I also love the continued pressure from the GOI to have strength to the dinar, we’ve never had support like that before.

I also like the unacceptance of the lag in dinar pricing ,again the perspective that since reserves are so high and now out of VII, it is expected that the dinar realize “significant” increase so, it’s all good, just waiting for the horse’s mouth instead of it’s arse

Said a member of the Finance Committee MP / coalition of Kurdish blocs / Dler able, for the assignment corporate banking and private banks accused of laundering money and smuggling currency over the past months to the judiciary for prosecution.

Said is capable (of the Agency news): that the Iraqi dinar will see a significant improvement its price vs. international currencies, especially after the resort’s central bank to correct mistakes that occurred during the last period, which led to the low exchange rate of the dinar.

Pointed to: that company mediates (banking) and private banks accused of laundering money and smuggling of foreign currency will be brought to justice for the purpose of trial and reduce repeat

These phenomena, being harmful to the economy and the value of the dinar.

said: that the central bank was able to over the last period of the rescue of the Iraqi dinar from degradation and to stabilize its price, stressing that the development of the dinar is much better than before and will see an improvement over the coming period.

http://www.ikhnews.com/index.php?page=article&id=99002

[tlm724] that the Iraqi dinar will see a significant improvement its price vs. international currencies

[Shredd] what peeps sometimes forget is what the dinar rate could already be based on reserves and supply….it’s just being falsely held down until…….?

[tlm724] Shredd exactly ! what we see on the CBI site isn’t accurate imo

[Shredd] they need to nail down the processes to maintain stability which primarily is affected by outsiders sucking it (the “bleeding” of the dinar) and also corruption and terrorist financing,

[rsp1] Keeping us in the dark…for a reason… hmmmmm

[Shredd] imo, once the CBI has this at acceptable levels of control, they can introduce their new dinar don’t wanna pour new wine into old wineskins

[Shredd] agreed timmy

[rsp1] that could be awhile then…since there is so much corruption and money laundering.

[Shredd] rsp I don’t think it’s a conspiracy but the peeps the CBI wanna keep in the dark are the terrorists

[rsp1] and for good reason…

[Shredd] re: speculating, what is outside of Iraq is out, the CBI is not concerned about us

[rsp1] Nor should they be.

[Shredd] rsp the CBI doesn’t need to eliminate all the terrorists, just have controls in place so they cannot economically gain from the exchange, they’ve busted them already with pallets of dinar so control is what they are after, control in pricing, the bleeding outside of their borders and corruption at all levels

[rsp1] I’ve noticed a significant increase in arrests lately in the articles.

[therealbubbie] hey for all they know some of the people working at the CBI can be terrorists

[Shredd] true we’ve seen arrests for corruption, that is for sure

[Shredd] so, the reserves are there, the new dinar is ready imo, the project to remove the zeros is laid out, VII is done, plug those last few holes via passing laws, implement needed controls and let’s see what happens, the sovereign rating is a big one too like I commented on earlier

Raise the level of Iraq’s credit rating attracts investments and achieve development. called Economists actors economic government in the country need to speed up resolving the issue credit rating of Iraq because of its great importance in attracting foreign investment and give the perceptions of the economic right to the investing companies as well as being one of the most factors in the banking sector reform. According to the economic expert d.

The appearance of Mohammed Saleh, the classification of Iraq credit now, although he did not specify yet officially, he is at a temperature of B-returned him a good indication of the reason for optimism, noting that it could be rated country credit through bonds sold in global markets because the presence of a credit rating, and that was low , it is better than no rating basically.

http://www.alsabaah.iq/ArticleShow.aspx?ID=53119

[Shredd] We see so many articles talking about the importance of investment in Iraq. First, there is the investment where companies are expanding their business into the region. This type of investment will grow slowly, especially as political and security instability continue to be an obvious issue.

[Shredd] Second, there is the investment where bonds and other security types like derivatives, equities and asset-backed securities are closed and traded in the global financial markets.

[Shredd] This article is talking about this second type that can grow much, much faster. What most people don’t understand is this type of very lucrative investment cannot take place with Iraq being at a “NR” rating (not rated).

The reason why is financial products that represent investors, like funds, insurance companies and investment management firms do not have the ability (per their underlying governing documents) and appetite for “NR” securities due to the extreme high risk it brings.

[Shredd] That all said, for Iraq to come out in the “B” rated range will open many doors in the investment into Iraq at the global financial markets level. This greases the wheels of any economy and will introduce Iraq to all of the investment players that will make the fastest, most impactful effect on Iraq.

[Shredd] Sure, we want to continue to see more and more articles about companies coming into Iraq. This is very good for the local economy and brings jobs to the area.

But, Iraq emerging from not being rated to a “B” range rating will open the doors that will have the greatest effect on Iraq taking a seat among global investment and will also bring strength and support to the dinar.

[Shredd] This will also allow all to see what the response and perception of Iraq will be as we will be able to watch what the pricing and trading trends are. If it is positive, which I believe it will be, investors will see the appetite for Iraqi debt in the markets. This will in turn translate to investor demand and that is what we want to see.

[Shredd] This is not the first time we’ve seen this topic recently, but again, I just wanted to explain how important this is for Iraq realizing substantial investment growth…the kind that puts it on the investment map per se!

[Shredd] …just another side to this big picture that we may not realize is needed before Iraq joins the wto, they need an acceptable rating

[tlm724] Shredd bubbies found an article last night about WTO, let me show it for those that may not have seen it

[Shredd] so, all forward progress,….very encouraging. yes i read that, that economist is wise!

Baghdad – Mostafa Hashemi said academic economist d. Majid Baidhani that Iraq’s accession to the WTO will give the country’s economic advantages contribute to increase production and improve the quality and put an end to the entry of goods poor to markets.

said Baidhani told (morning) that liberalization of trade in services and encouraging foreign investment will lead to encourage the movement and flow into the country as reflected in the The reality of the economic activity.

explained that it would put an end to the competition of goods and commodities-backed Iraqi countries produced and sold at less than their prices in their countries.

He pointed out that Iraq had committed to in advance, indirectly, to join the World Trade Organization by signing the document the International Covenant. aims document signed by Iraq prior years to determine the approach the state in the political, economic, social, humanitarian and implementation mechanism.

They also check in with States interested in Iraqi affairs in the era or a partnership, vows to Iraq from his part to abide by the curriculum stated, by contrast, operates a signatory to help cope with these challenges and achieve the stated goals.

pointed Baidhani to that of the most important negative effects on Iraq is not included oil in international trade agreements and on the economic effects of the fact that large oil component of the foundation of the GDP of Iraq, as well as the private sector is still limited activity in the field of industrial and agricultural production.

Indicating the importance of identifying and selecting goods which country when he entered full membership organization. http://www.alsabaah.iq/ArticleShow.aspx?ID=53386

[Shredd] “The reality of the economic activity. explained that it would put an end to the competition of goods and commodities-backed Iraqi countries produced and sold at less than their prices in their countries”. right there…is key. Iraq imports nearly all of what they need so the entry of goods and profitable pricing will be key

[tlm724] Shredd they are also doing the second reading on the product protection today, so we should see that passed shortly . that protects anything made or produced in Iraq from being undersold by imports, keeping the money at home which brings on encouragement to produce locally

[Shredd] yes, another facet that is being improved

[rsp1] They seem to be getting a foothold there too, timmy

[Shredd] and they need to fully implement tariffs which we continue to read in the news

[tlm724] indeed

[Shredd] in my very humble opinion, I feel if the CBI’s plan was to slowly manage the rate to a dollar, they’d already be moving that direction but since they are not, a singular move in conjunction with removing the zeros is the most logical approach again, in my opinion

[tlm724] Shredd yes I agree imo we will see the rate come out of the gate near par to the dollar hence the transition will be smooth and easy

[Shredd] so, to me, the delay that continues month by month after VII especially proves that even more and unless the free floaters think it will take over a year and a half to get to around a buck, their time is quickly running out too, not enough time to raise that quickly and again, NO ONE can assume how the “market” will respond.

everyone assumes the “market” would push the dinar to a buck or more in a matter of months…..really? what proof or historical evidence are they assuming this ?

in fact, with all the political and security instability, the “market” very well may be hesitant to jump on Iraq especially with no rating, very little debt available to invest in by the way

[Shredd] you see, the “market” for Iraq is not strong as far as available issuance’s so even though the appetite may be strong for iraqi debt, the supply of it to invest in is extremely low

[tlm724] Shredd Bondlady reminded me that the IQD we currently hold came out Oct 2003 so to me that is an indication that currency reform / change can accure within that time frame, doesn’t have to be fiscal year beginning imo

[Shredd] well, that was changing from a currency that was to be destroyed

[Shredd] per shabibi, it cannot move unless on a fiscal year 2003 was a MUST situation. Iraq couldn’t wait till the follwing Jan in 2003

[tlm724] Shredd so is this ! they cannot continue like this they will destroy all the monetary changes they have achieved, this may be a slow go but they have achieved much !

[Shredd] not sure, they are operating with the dollar just fine, just not sure….you have a good point…..I’m just reciting what Shabs said things change though …ie the governor

[Shredd] so, outside of the “market” on the finance side you have the street side, consumer side that level of investment is coming but takes time as infrastructure grows and more companies come into iraq, that will continue to grow. ISX is another plus, much growth there!

[tlm724] Shredd lets not forget India

[Shredd] so the memo of understanding for trading in dinar, in my opinion, was a whole different issue

Adoption of local currencies in the Indian Iraqi dealings. BAGHDAD – morning praised a member of the Finance Committee MP Dler capable, Bembagesat both Iraq and India to agree to be economic transactions and trade of the two countries in local currencies, stressing that it will support the value of the dinar and make it desirable internationally.

said capable in a press statement that talks of the Iraqi delegation headed by Prime Minister Nuri al-Maliki and a ministers and economists, with the Indian side about the accreditation in business dealings between the two countries on local currencies and not the dollar and this measure will support the value of the dinar and improves positioned internationally.

said: that the Iraqi dinar is strong and covered with reserves much of hard currency and gold, especially during the recent period improved exchange rate dinar and significantly against the dollar, making the nations economic as large as India maintains the Iraqi dinar and deal him, this is an indicator of economic well for the Iraqi dinar.

This was confirmed Minister of Indian that both Iraq and the Indian Tbagesoa on strengthening bilateral economic relations, and the possibility of adopting local currencies Iraqi and Indian in the business dealings of the two countries instead of the U.S. dollar.

http://www.alsabaah.iq/ArticleShow.aspx?ID=52851

[Shredd] Strengthening bilateral relations via trade is all about electronic transactions.This is a good thing like timmy pointed out because India is choosing to denominate their trade in dinar will strengthen the confidence and value of it. This is not about paper folks…it’s all good!

[Shredd] rsp1 long answer to your question, but there you go

[rsp1] I knew you had something good to say. Thank you for your take on this whole investment.

[Shredd] yqw and now, I give to you lighters, today’s show is brought to you by Hopium, smoke it while you got it. Shredd -out

Iraqi Dinar GuruAdmin Shredd & BLC Member Chat 8-26-13

[marjans] Parliamentary economy meets with a number of ministries and the Secretariat of the Council of Ministers to discuss the ration card

Ali ا- 08/26/2013 – 12:22 pm | Said a member of the Committee on the economy and investment representative, Abdul-Hussein Abtan, said his committee will hold a meeting in the presence of the Ministry of Trade and Finance and Control and the General Secretariat of the Council of Ministers,

in order to discuss the issue of the transfer of the powers of the ration card to the provinces and to take the final decision about it.

He said Abtan said Monday that “the Economic Commission decided to hold a meeting in the presence of trade, finance and control and the General Secretariat of the Council of Ministers to discuss the transfer of the powers of the ration card to the provinces, and make a final decision about it,”

noting that “his committee hosted the Minister of Commerce, Khairallah Hassan Babiker, to discuss a number of topics related to ration cards, and the amounts allocated to them and the ministry’s preparations for next year, and the most important measures to be taken to secure the ration card items in the future. ”

He added that “the Minister of Commerce met the Commission’s invitation to host, and said several things, mainly the $ {25} thousand dinars allocated by the Council of Ministers of the citizens, as a substitute cash for ration card items that did not get it the citizen, during the eight months,

” stressing that “the amounts may been transferred to the accounts of the provinces to be delivered to the citizens. ”

Abtan said that “the Ministry of Commerce has completed a study at the request of the government for the required materials, and amounts of cash added to the budget 2014,” noting that “the proposed additional amounts have exceeded two billion dollars.”

And transfer Abtan for the Minister of Commerce confirmed that the “foot-dragging made in the processing of the ration card items will remain even turned the powers and functions of the ration card to the provinces, and for a number of things, the most important of the delay in the arrival of funds from the Ministry of Finance to the trade laws and complex engagements, in addition to the lack of transport . ”

And supports the majority of Iraqis on the ration card in their daily lives since the start of the international embargo imposed on Iraq in 1991 after the invasion of the dictatorial regime dictatorial State of Kuwait, and includes ration per capita basic materials flour, rice, vegetable oil, sugar, milk powder {for children}.

Period saw the bear and the Ministry of Commerce with a succession of governments responsible for the ration card and file processing vocabulary citizens a clear deficiency problems and corruption prevented the arrival of these staples of the citizens

http://www.burathanews.com/news_article_208284.html

[tlm724] marjans ty

[marjans] whoa that was long one

[tlm724] yep

[marjans] tlm724 ok lets discuss

[tlm724] marjans you have the floor

[marjans] ok…this should have been done by now IMO

[tlm724] yes they owe their people big time !

[marjans] but they continue to kick it down the road

[tlm724] yes the local prov gov should take over just like our states do the foodstamp programs

[marjans] yup that would be a great solution

[tlm724] I think that is what they will do

[tlm724] in order to discuss the issue of the transfer of the powers of the ration card to the provinces and to take the final decision about it

[tlm724] He added that “the Minister of Commerce met the Commission’s invitation to host, and said several things, mainly the $ {25} thousand dinars allocated by the Council of Ministers of the citizens, as a substitute cash for ration card items that did not get it the citizen, during the eight months

[marjans] I know if I lived there I would be very angry

[tlm724] marjans yep me too

[marjans] angry that I have to wait so long

[tlm724] yes! probably part of the demonstrations on the 31st — eight months ! geez

[marjans] you see ..they would demonstrate and then after a while life goes back to normal, they are not consistant and persistent, that is why they jerk them around so much

[tlm724] exactly mar ! yes those people have had it so rough, war, starvation, terrorism, the list goes on and on . It would be a blessing just to give them their dayum food, its crazy !

[marjans] tlm724 you know the old saying….the longest day has an end! so we will see

[tlm724] yep true mar, okay anything else with that one mar ?

[marjans] NAY!

[tlm724] great ty

Iraqi Dinar GuruAdmin Shredd & BLC Member Chat 8-22-13

BondLady] you all wanna see a good article ?
A parliamentary committee: Iqbal mounting on the Iraqi dinar Written by Ammar Shaykhli published on Monday, July 22 / July 2013 03:30 Baghdad (Iraq) / Hala Khalid Analysts, economists continued low exchange rate of the U.S. dollar against the Iraqi dinar to Madon the (1200) dinars for the days to come,

as the price of the weight of gold to 215 thousand dinars days after falling to 225 thousand for the weight of one.

said reporter «future» «The offices of banking sale and purchase of foreign currency and the U.S. dollar saw yesterday, a slight decrease on the prices of buying and selling foreign currency,

including for the U.S. dollar rate of decline thousand dinars for one hundred dollars, for a sale price of $ 100 U.S. to 120 thousand dinars, while the price of to purchase 119 thousand dinars in most areas of the capital Baghdad and domestic banks in the capital.

Conversely said a member of the Economic Commission MP Mahma Khalil that the low price of the U.S. dollar in the market due to the increasing demand of the Iraqi dinar after the lifting of Iraq from Chapter VII and international sanctions recently.

said Khalil’s «future» «demanded serve as the economic Iraqi Central Bank to pump large amounts of dollar U.S. to control the prices of buying and selling the dollar now and achieve something of the stability of exchange rates,

as well as activating the role of trade control to control market prices, especially during the days of the month of Ramadan ».

demanded Khalil to speed up the restructuring of the dinar and the Iraqi currency against foreign currencies in order to keep the price of the dinar against the rest of the Currency,

indicating that the coming period will witness keep the exchange rate of the U.S. dollar contrast slightly in the price of buying and selling.

turn attributed the economic analyst Mohammad Al-Anbuge continuing decline in exchange rates of the U.S. dollar against the Iraqi dinar to the wrong policies pursued by the government and the central bank in the lack of control over exchange rates of currencies difficult.

He said Anbuge for «future» yesterday that the instability of the exchange rate of the U.S. dollar would cause economic disaster for the Iraqi market for the day ahead in the event of continued low exchange rates of the dollar and hard currency. to the price fell one for gold and jewelery and gold ornaments in the markets of the capital Baghdad yesterday, bringing the price in sales to 215 thousand dinars central Iqbal significantly from citizens to buy large quantities of gold investors, the issue of low price.

said a number of shop owners gold jewelry in Baghdad for «future» that the price of buying and selling gold in the general areas of the capital decreased significantly without knowing the real reasons behind low price of gold.

predicted shop owners continued decline in selling prices and buy gold for the coming weeks to very low levels amid the apparent decline in the price of buying and selling currency is currently.

He was an economist, had confirmed the Future for last week that the reasons for the decline in gold prices in Iraq due to the introduction of some countries the global gold producer amounts of gold to global markets for sale and speculation which impact on all gold prices in the world. END LINK

[Shredd] demanded Khalil to speed up the restructuring of the dinar and the Iraqi currency against foreign currencies in order to keep the price of the dinar against the rest of the Currency, indicating that the coming period will witness keep the exchange rate of the U.S. dollar contrast slightly in the price of buying and selling.

[Shredd] he Iraqi market for the day ahead in the event of continued low exchange rates of the dollar and hard currency

[lightingcslt] Shredd looks like the plan worked

[Shredd]so much is in motion economically that will force the dinar to emerge strong. yes lighters, I totally agree bud. the 2% article did it for me if they can keep the variance in check, that’s a green light

[lightingcslt] Shredd yep bringing confidence back to the folks with their own curreency

[Shredd] I was talking to a friend of mine about this and the question came up, “why would it matter what the pricing differences are if the dollar will leave soon”?

This normalizing of pricing is not for the dollar, this is not making the bed for the dollar to hang its hat, this normalizing of the currency price is controlling currency pricing between the street the the official rate,

look at the imbalance of what the dollar buys us here. Iraq wants to keep this in check and I feel they are close to attaining this, if not, already have accomplished this all from the helm of theCBI, it’s their job

[lightingcslt] I feel they accomplished this as well

[Shredd] and having this in check, when the new dinar comes out…..these processes, these controls will already be in place so as not to cause unstable swings in the dinar

[Shredd] I agree lightersand for me, this stability is what held Turki back

[lightingcslt] Shredd and now with tarifffs coming on board……..

[Shredd] he can’t have the dinar come out, dedollarize and bring strength to the dinar if the pricing is all over the place, yes, it’s all perfect timing

[lightingcslt] Shredd yep I agree with ya, imagine that

[Shredd] that’s a sign right there !!

[lightingcslt] yes it is

[Shredd] yesterday I was ready

[lightingcslt] Shredd so in reality Turki just needed more time

[Shredd] and with the article Bondlady just brought in…. this emphasizes the need even more, not only does turki need to manage pricing, he’s got to keep moving with the dollar.

I believe the IMF wants Iraq out of this dual currency situation seems like every day shows us more of the picture

[lightingcslt] Shredd yep i agree with ya imagine, that Did he$ freeze over?

[Shredd] I gotta admit, I’m a bit surprised tariffs passed but like the post says, it will take some time to administratively implement……….great news though !!!

[tlm724] Shredd 2% difference is also the threshold for the IMF between market price and CBI price and gm

Citizens in Basra complain about damage categories of paper currency and the central bank is to replace them 22/07/2013 – 14:27 | Source: Alsumaria News / Basra Citizens expressed in Basra, Monday, alarmed by the growing phenomenon of damage and rupture of small groups of paper currency,

as expressed Retailers complained of this phenomenon, the Central Bank announced a plan to withdraw banknotes damaged and replaced with new ones.

He said ‘Ali Riad Abbas, who runs a taxi driver in an interview for “Alsumaria News”, “The problem of corruption and torn banknotes of categories 250, 500, 1,000 dinars worsened significantly within the past few months,” noting that “most of the banknotes traded of these groups in Basra damaged and torn, which can cause sometimes us Baharajat and problems.”

In turn, said Ghassan Abdel-Rahman, the owner of a shop selling food in the market, the publican, “The currency shattered spread widely in recent Allokhirh, and we are one of the most affected by them,”

adding that “this phenomenon does not affect the work of traders who deal in dollars and groups cash Iraqi large, as it does not harm the officials who get paid large cash groups.”

For his part, deputy governor of the Iraqi Central Bank Zuhair Ali Akbar said in an interview for “Alsumaria News”, “State-owned banks in the provinces did not stop the withdrawal of currency damaged from circulation,

however, put an ambitious plan to print the categories of alternative techniques of high quality,” adding that “categories that will replace the damaged print on paper better than the paper used in the printing of banknotes to neighboring countries.”

[Shredd] nice

He stressed banking expert who was director of the Central Bank branch in Basra that “the central bank is determined to end this phenomenon.”

The banknotes circulating in Iraq printed in the United Kingdom by a British company, is gaining all denominations leafy current specification much better than the specifications of those that were in circulation until 2004,

it was printed during the nineties in China and Iraq on paper lousy and specifications easy to counterfeit,

In spite of the spread of the phenomenon of torn paper currency and damaged before 2003, but that many Iraqis they avoided objection to accept banknotes torn through their daily business and the fact that the former currency includes all categories was head portraits of the former regime of Saddam Hussein. END

LINK

[Shredd] an ambitious plan to print the categories of alternative techniques of high quality,” adding that “categories that will replace the damaged print on paper better than the paper used in the printing of banknotes to neighboring countries.”

[Shredd] imo, this tells us it’s the NID, alternative techniques,new dinar imho of course ,printing categories of alternative techniques of high quality that’s new dinar of course they are referring to a past announcement but we’ve seen a few articles like this that talk about the poor quality of the dinar perhaps it’s telling that IQD is not replacing them on a regular basis like a central bank normally would do

[tlm724] Shredd not putting any “new” triple zero notes out

[Shredd] it refers to the two zero notes well, and the 1000

[tlm724] no replacement notes, hows that

[Shredd] they’ll keep those denominations for a while, medium sized notes, that’s why I think it’s telling that the bank isnt replacing them like a normal situation would and replacing them with NID (irrespective of note denominations) per the central bank’s promise with new tech fits

[tlm724] Shredd I wanted to say earlier about the IMF 2% treshold that I think its awesome that Turki is being more agressive with his stablization program

[Shredd] yes, I wanted to be careful to read into it, but I feel it shows us the stability is close

[tlm724] Turki is doing MORE then is required to stablize and imo it bring’s forth the monetary change that much sooner

[Shredd] tlm724 sooner works for me

[tlm724] just looking at it through the international side. Shredd he could just keep it close, the market price and go for a long time that way BUT he isn’t

[Shredd] tlm724 so, what about these tariffs?

[tlm724] Shredd tariffs were passed long ago, they amended for a second time, looks like continued slow implementation as they build the nessecary infrastruture for full implemenation

[tlm724] Reasons In order to allow sufficient time to provide the technical requirements necessary to implement the provisions of the customs tariff law and maintain the level of prices in the Iraqi market at the present time and protect consumers from price increase expected as a result of the implementation of the Act and to provide assurance the overall difficulty of the application of the law. LINK

[Shredd] like I encouraged all to remember last week, this is a whole new Iraq now that they are a sovereign democracy and with their amazing wealth and in a dual currency situation with crappy worn out dinar and a fluctuating dollar to deal with, Turki is closer than ever to gaining stability in currency pricing, we are close, now git r dunnnnnnnnnnnnnn

[Shredd] So, timmy do you think as far as the tariffs are concerned as stated in earlier articles that, Iraq has all the electronic equipment at borders and have hired and trained personnel needed to implement full tariffs.

[tlm724] I am not 100% sure on that, I do know they have equipment, part of the problem has been training personnel , most don’t know how to operate a computer and also BondLady reminded me the other day that so many of the surrounding countries import to Iraq and they don’t want to pay the tariffs therefore they bribe members of the GOI to fight it every step of the way.

It’s bit of a catch 22 there but the tariffs are crucial to overall economic health of Iraq as they are wasting and losing millions of dollars every week, chop chop Iraq

[tlm724] Shredd Lighters thanks for the great chat !

[Shredd] your welcome and thank you, shredd- out

Iraqi Dinar GuruBondLady Chat 8/15/2013

[BondLady] I’d like to show an article and talk with you all about it

[BondLady] Parliamentarians: the law of the Federation Council of important laws are you waiting for political differences 13-08-2013 11:42 AM Baghdad (news) / report / ..

Counting members of the Legal Committee of the Parliamentary and members of the House of Representatives, Legal Council of the Union of important laws stipulated by the Constitution in its clauses, as it constitutes the second pillar of the legislative authority of the country, and it is now in the process of reading, and that political differences waiting for such approval.

In this context, Member of the Parliamentary Legal MP / mass change / cute Mustafa, the points of contention on the Law of the Federation Council was looking after, not to get to this stage.

Mustafa said in a statement (of the Agency news): The Law of the Federation Council has read such as reading again, and now waiting for the consensus it for approval,

noting: that the points of contention are not searchable not specified points of contention, but there are points of contention many sweet was not looking, likely to go around the law to the next parliamentary session. , and pointed out that, under the Iraqi constitution, to approve the law in this session, and if it gets an agreement might go.

For his part, explained a member of the legal committee of parliamentary MP / National Alliance / Hassoun Fatlawi, that the Commission did not reach the final version of the law, so as to put to the vote.

said Fatlawi in a statement (of the Agency news):The Law Council of important laws is a very second pillar to the legislative authority and that he regards the regions and provinces irregular province,

adding: final version did not get to prepare and required discussed between the political blocs to reach a final version around the committee process.

considered the law of the laws of political and must stand adopted during the session Current, adding: in addition to passing a law upcoming parliamentary elections.

while, between the Member State of Law Coalition MP / National Alliance / Abdul Ilah Naieli, that the enactment of the Federation Council needs time, to contain clauses vague.

said Naieli in a statement (of the Agency news ): The Law of the Federation Council has read such as reading the first and second, and now discussions in the House of Representatives set to discuss the ideas put forward, noting: that the legislation of the law will take a long time and Aedaae are four members from each province, but do not specify a method of their choice, selection or election. ,

and continued: These mechanisms are not clear law, noting: that the Council will be a companion to the House of Representatives and the top of it and guarantee the rights of the provinces and territories and powers exist to this law.

Earlier, confirmed a member of the Committee of the Regions and the provinces MP Mansour al-Tamimi said the Federation Council is the Council for supplementing state legislative, regulatory and achieve a balance between all provinces and contributes to the filtering laws passed by the House of Representatives.

Timimi said in a statement: that passing laws the Council of the Federation and the Federal Court and the Judicial Council contributes to building Surname Iraq in general, and we hope to be voted on this law quickly to guarantee the continuation of the laws and the distribution of wealth properly between all provinces ,

in addition to the Federation Council has the power to veto laws and this is what missing from the House of Representatives which enacts laws may collide with the reality of implementation with the cabinet. / End / 7. g. / mm http://www.ikhnews.com/index.php?page=article&id=96946

[tlm724] must stand adopted during the session Current

[BondLady] the the law of federal council is basically this, we all know and see how they fight and argue over every little thing, you got peanut butter in my chocolate or your shadow crossed my shadow bla bla bla and they won’t pass whats needed unless you give them what they want hence all the major laws we’ve been waiting forever to see like HCL, art 140, amnesty, tariffs, banking all of it, when they try to pass that and then when they get stalled and can’t resolve it then it will go to the feds to rule on and then its final !

So this is a huge thing and much needed for these fighting bickering clowns. It will help many things get passed or not passed or be amended into laws

” in addition to the Federation Council has the power to veto laws and this is what missing from the House of Representatives which enacts laws may collide with the reality of implementation with the cabinet.”

[BondLady] that passing laws the Council of the Federation and the Federal Court and the Judicial Council contributes to building Surname Iraq in general, and we hope to be voted on this law quickly to guarantee the continuation of the laws and the distribution of wealth properly between all provinces

[BondLady] continuation of passing laws, quickly,that’s why they don’t want it, it screws them outta the bickering and bartering to no ends and for years

[tlm724] yes it strips them of their power to hold these laws hostage

[BondLady] it lets them move on it stops the quota system and until now they have used the quotah system to give them their wants and NOT what the people need, selfish people !

[tobyboy1] BL so they had 2 reading on this ?

[tlm724] tobyboy1 The Law of the Federation Council has read such as reading again, and now waiting for the consensus it for approval

[BondLady] yes, its being read to be passed and it’s awesome. I did chats on this very thing 2 years ago

[BondLady] that the Council will be a companion to the House of Representatives and the top of it and guarantee the rights of the provinces and territories and powers exist to this law

[BondLady] anyways these are good and positive things going on and we have much to look forward to and nothing to be down and out about

[tlm724] if the GOI won’t do it then this court will !

[BondLady] yes if they stall then it can go to the feds and they will find a happy medium without so many mouths in the mix that will never ever agree unless you pay them off in some way or another.

Iraq has turned into a country of pay offs and bribes, they weren’t always so bad but the last 12 years or so they have been. Corrupt in a big way but now they have computers and it’s not so easy to have a fire to get rid of evidence , it took them a while to grasp that

[tlm724] not the brightest bulbs in the chandelier

[BondLady] anywhos I liked all this one and hoped you did too

[BondLady] they sure aren’t timmy, it’s really kinda freaky about them though, they can leave Iraq go to Stanford or Cambridge or Yale or Harvard then graduate with huge honors and go back to Iraq and turn right back into living and thinking just like they were in old testiment biblical times, they are crazy

[sbxpress] BondLady Thanks for keeping us grounded and informed!

[BondLady] you betcha suga

[tlm724] ty BondLady always

Iraqi Dinar GuruBondLadys Corner Admin Tlm724 Chat 08/14/2013

[tlm724] Good morning everyone, we have some very important information to share with you today. Yesterday afternoon (8/13/2013) it was confirmed on the COM website and NINA News that the following Federal Economic Reform Law was approved by the Council of Minister’s.

Cabinet approves draft law on the federal economic reform.

13/08/2013 16:11:00

Baghdad/ NINA /– The Council of Ministers approved in its 35th meeting headed Prime Minister Nuri al-Maliki today the draft Law of the Federal Economic Reform.

According to a statement today, the Council of Ministers also approved the draft law to amend the regulation and legislation Law , noting that the two draft law has been referred to the Parliament./End

http://www.cabinet.iq/

http://www.ninanews.com/english/News_Details.asp?ar95_VQ=GJGJKK

[tlm724] We needed to find out what was in this draft law and we started our research as we always do. What we found was truly extraordinary ! The information we will share with you comes from a “DRAFT” document dated JANUARY 2013 and is titled ” REPUBLIC OF IRAQ PRIME MINISTER’S ADVISORY COMMISSION ~ PRIVATE SECTOR DEVELOPMENT STRATEGY OF IRAQ 2013 – 2030 ” Here is the link : LINK

[tlm724] This is a 17 year plan for Iraq and this “draft” comes straight from the Prime Minister’s adviser’s ! It is his road map to economic success and the success of Iraq as a country. This document essentially mirrors the World Banks plan for Iraq written February 2006 REBUILDING IRAQ:

ECONOMIC REFORM AND TRANSITION

http://siteresources.worldbank.org/IRFFI/Resources/IraqCEM-finalComplete.pdf

[tlm724] Of course Iraq has made progress since 2006 when the World Bank made their plan, with that said , I will take a few minutes to show you the relevant parts of this draft REPUBLIC OF IRAQ PRIME MINISTER’S ADVISORY COMMISSION ~ PRIVATE SECTOR as it pertains to the above Economic Reform Law. We will study this document further over the next few days but for today lets look at a few important sections within this 95 page document to better understand the economic reform:

9.2.1.1. Economic Reform and Decentralization

87. While the economic reform process constitutes the overall framework for the growth of the Iraqi economy and for all key reforms in the different areas of the economy, it still needs to be properly institutionalized and formally adopted by the GoI.

88. For this purpose, a draft Law of Economic Reform law was drafted by UN agencies, approved by the Cabinet and sent to the State Shura Council in February 2011 for review. The draft is still pending as of December 2012.

[tlm724] So at the time this was written, Jan 2013, this law was still not ready, but now it’s all systems go ! Also please note this quote “For this purpose, a draft Law of Economic Reform law was drafted by UN agencies” written by the UN

89. The draft law aims specifically at defining the principles based on which the economic reform policy in Iraq should be formulated in order to comply with Article 25 of the Constitution by which the State guarantees the reform of the Iraqi economy in accordance with modern economic principles to ensure the full utilization of its resources, diversification of its sources and the encouragement and development of the private sector,

ensuring the transition of the centrally planned Iraqi economy towards a market economy by giving the Private Sector a fundamental role in the development and the market growth of economic enterprises and in reducing the financial burdens on the federal treasury in particular and on the national economy in general, improving the efficiency of economic projects, increasing their productivity and competitiveness and putting an end to the waste and dissipation that have badly affected the economic resources of the Iraqi people.

[tlm724] FYI Article 25 of the Constitution states this:

Article 25: The State shall guarantee the reform of the Iraqi economy in accordance with modern

economic principles to insure the full investment of its resources,diversification of its sources, and the encouragement and development of the private sector. http://www.iraq-lg-law.org/en/webfm_send/1351

[tlm724] “ensuring the transition of the centrally planned Iraqi economy towards a market economy” Iraq is moving into a free market economy. The economic reform in Iraq should also create job opportunities in the country thereby engaging the workforce. This would to a great extent minimize poverty in Iraq. There are two more sections in the document to show you:

91. The draft addresses, among its objectives, the

decentralization of the economic governance by granting more significant roles to local governments in economic planning, public investment and public-private partnerships as well as fiscal decentralization to secure the financial capacity of governorates to fund economic development needs.

92. The GoI is committed to accelerate the final review process, adoption and enforcement of this fundamental law, along with specific regulations that will need to be prepared especially for decentralization processes and establishment of a governance system fully consistent with the PSD Strategy. Also, Local Governments shall be encouraged to adopt a set of measures to improve the local business environment to create innocuous competition climate among governorates.

[tlm724] Read this carefully please “The GoI is committed to accelerate the final review process, adoption and enforcement of this fundamental law, along with specific regulations that will need to be prepared especially for decentralization processes and establishment of a governance system fully consistent with the PSD Strategy.”

“along with specific regulations that will need to be prepared”.

It is my opinion that they are referring to the many laws waiting to be read and passed in Parliament, Infrastructure, Investment , HCL, Border law etc… These laws, the basket of laws as BondLady has explained to us, IMO cannot go forward until this Economic Reform law is presented. “noting that the two draft law has been referred to the Parliament”

and finally this :

9.2.1.2. Access to Finance

94. As outlined by the WB CPS (2013 – 2016), the GoI has recognized the importance of improving the performance of the financial sector, including creating a level playing field for non-state banks, improving access to finance for micro, small, and medium Enterprises (MSMEs),

and improving financial sector regulation and governance. Iraq’s financial sector is underdeveloped and dominated by state-owned banks, weak private bank participation and access to finance by firms.

The system is not aligned with international standards and governance structures are weak. Going forward, it will be important to accelerate the current reform program, including clarifying the roles of state-owned banks, restructuring the two largest banks – Al Rafidain and Al Rashid–

and removal of barriers for private banks in doing business with the state-owned banks and put in place concrete measures to create a level-playing field between private and public banks. It will also be important to create a better enabling environment to allow access to finance, including improving credit systems, contract enforcement, and bankruptcy regulations.

[tlm724] Here is the quote that caught my eye ” removal of barriers for private banks in doing business with the state-owned banks and put in place concrete measures to create a level-playing field between private and public banks ”

I’d like to wrap up my part of this chat by showing you two more things from the forum if I may. The article’s are from June 24th and June 25th ,2013 :

Maliki meets with Citigroup President

MONDAY, JUNE 24, 2013 14:15

Prime Minister Nuri al-Maliki, on Monday, a comprehensive reform of the economy, increased oil and gas production in the country.Maliki said in a statement issued by his office obtained “Twilight News” a copy of it during his meeting with the President of the company (City Bank) Dance Avelanery, who announced the opening of an (Citigroup) office in Baghdad that “Iraq plans to double its production of oil, gas and do a comprehensive reform of the economy so as to enhance its resources and makes them more diverse. “

He pointed out that “the increase in resources will be reflected on other segments of the economy in agriculture, industry, tourism, and other services.”

The Prime Minister called for a “more active participation and effectiveness of the Bank (City Bank) in the Iraqi market.”

For his part, the President of company Dance Avelanery “We are determined to to be partners in the development of Iraq and سنساعده in the advancement of its economy,” noting that “there are many international companies willing to invest in Iraq, and we will be supportive of her”

http://www.shafaaq.com/sh2/index.php/news/iraq-news/59795-2013-06-24-11-17-08.html

[tlm724] The next article is similar to the above :

Conducted an inspection tour in medicine

Baghdad morning

Prime Minister Nuri al-Maliki for the determination of Iraq to double its production of oil, gas and do a comprehensive reform of the economy so as to enhance its resources and makes it more versatile, while conducted an inspection tour in medicine on Monday afternoon and met Bmlakha administrative, medical, and had a look at the level of services provided to patients are asleep.

Prime Minister said: “Many of the hospitals which was scheduled to be completed is still not completed for reasons of administrative, technical or because of the type of corruption or for political reasons.” and vowed to pursue Multi hospitals uncompleted construction despite the passage of the periods specified for work, calling to keep the effects of political and non-political for the medical profession being a humanitarian profession, and to be patient service is the foundation and above all other considerations. Moreover, met al-Maliki in his office official said on Monday President (City Bank) Dance Avelanery who announced the opening of an office in Baghdad.

called on the prime minister to more active participation and effectiveness of the bank in the Iraqi market, indicating that the increase in resources will reflect on the pieces of the economy other agriculture, industry, tourism, and other services.

http://www.alsabaah.iq/ArticleShow.aspx?ID=49014

[tlm724] “Iraq plans to double its production of oil, gas and do a comprehensive reform of the economy so as to enhance its resources and makes them more diverse”.

So Maliki was telling us right there that he had the economic reform plan and was moving forward with it’s development which also included this line from the above PSD document

” removal of barriers for private banks in doing business with the state-owned banks and put in place concrete measures to create a level-playing field between private and public banks ”

City Bank seems to be fulfilling that part of the plan and it’s evident that City also has an extremely important role within this plan.

the President of company Dance Avelanery “We are determined to to be partners in the development of Iraq and in the advancement of its economy,” noting that “there are many international companies willing to invest in Iraq, and we will be supportive of her”

Here are Shredds comments:

[Shredd] In reading through this, I see a few key highlights. First, we all know Iraq is moving towards becoming a free market economy and this is proof of that. A free market economy is one that allocates resources based on supply and demand. What is even better is this; in a free market economy, it is not a controlled market with state intervention ! Prices are determined by supply and demand and here’s the biggie….in a free market economy, exchange rates move freely based on supply and demand.

So, I fully agree miss timmy that this legislation is huge. Work still needs to be done such as diversification into multiple industries but like the article you sent me yesterday states, Iraq boasts a large workforce which will be the underpinnings of Iraq’s future economy.

[Shredd} There is also work to be done on the banking side:

“Iraq’s financial sector is underdeveloped and dominated by state-owned banks, weak private bank participation and access to finance by firms. The system is not aligned with international standards and governance structures are weak. ”

We’ve read that banking laws still need to be passed and here we see alignment to international standards and governance (like SEC Acts ) is needed, but remember to see the big picture…Iraq continues to move forward and its no question that this Economic Reform Law will show substantial progress!

[tlm724] Thank you Shredd ! It is so exciting to see this coming together. Parliament is due back on the 20th and I am ever optimistic that we will see these laws addressed now that the corner stone, the Economic Reform Law, has finally been presented to Parliament. As more is revealed to us we will adjust as Iraq is truly evolving everyday, we will continually strive for the truth and we will always share it with you. Thank you !

Iraqi Dinar GuruBondlady 8-12-13

[Shredd] I have some intel I’d like to share with you all. Greetings all. I suppose the word “intel” caught you off guard, didn’t it? It’s ironic that the word is short for intelligence and with all of they guru hype going on lately, I thought I’d offer some intelligence from a banking perspective.

For our valued members, most of you know I’ve been in banking for over ten years and have been blessed with a lot of God-given favor at the bank which means I’ve moved up in the ranks over my tenure.

[Shredd] I work for a very large international bank that you have all heard of and I’ve personally worked with the big players that you read about like Wells Fargo, Citibank, JPMorgan Chase and so on.

I’ve worked with substantial accounts, well into the hundreds of millions and even billions in size. I’ve personally handled massive clients, the likes of which you’ve all heard of.

I’ve worked with multiple currencies and have personally worked with forex and know how rate changes affect these accounts on a real time basis.

[Shredd] This all said, here comes my intelligence………..are you ready? Here it is:

1. When the official exchange rate of the iraqi dinar changes, it will be immediately realized in the markets.

2. There is no foreknowledge of pending rate changes. Severe manipulation of any would collapse trading.

3. There are no back bank screens with blinking lights that show pending exchange rates that are awaiting activation.

4. No WF or any other banking officer will have any foreknowledge of pending forex rate changes. This is a fact. FACT.

5. Rate changes are immediately realized in banking systems with no pre-advice.

6. No high ranking political contact, UST contact, VP at any bank or any other “source” will have any knowledge of a pending rate.

If this were the case and had the ability to leak out, again, it would be manipulated on an immediate and regular basis. This is akin to insider trading and is punishable in a court of law.

7. There are no “glitches” or “the rate was supposed to be uploaded but the ‘system’ didn’t work”. Rate changes are a smooth process and take place on a regular basis.

Look back when the dinar moved from 1170 to 1166. We had no pre-advice and the rate changed immediately. It can do this again with the same ease.

8. Any guru telling everyone the opposite of what I’ve stated above in any form is doing so because of one of two reasons: first, they have a “god complex” and wish to be the informer of the good news we all seek.

Second, and this should be punishable in a court of law, they are “pumping” dinar for brokers; meaning, they are purposely trying to get folks to buy more and more dinar with the hopes that it’s going to revalue tonight, tomorrow, etc. They do this because they get a cut for their pumping.

9. Study what the CBI is doing and saying. Follow the project to delete the zeros, watch for Iraq to move under Article VIII of the IMF, watch for Iraq becoming a free market economy with a currency that is representative of the sovereign democracy Iraq now is.

10. Know that Iraq is in a whole new light now that they are truly sovereign. They will not want to be tagged as a “currency manipulator”, purposely keeping their rate low.

Iraq has too much to lose by keeping it down, we are seeing this in the articles…investment is at risk. The CBI will move forward in a relatively short period of time.

[Shredd] so, in summary, do not believe the lies of the gurus….watch what the cbi does and listen to what they say, that is true intelligence ! Shredd out

[lightingcslt] thanks for the intel

[Shredd] you got it

Iraqi Dinar GuruBondLadys Corner Admin Tlm724 Chat 08/09/2013

[tlm724] I have made an observation I’d like to share with you all, this morning BondLady found us an opinion article I’d like to show you and then bring in an article from July 30th 2013 to make a comparison. here are the highlights from this mornings art and the link

Iraq is looking to foreign investment to $ 32 billion 8/9/2013

exit Iraq from Chapter VII must have a positive impact on the price of exchange rate of the dinar against other currencies

[tlm724] MUST have a positive impact

the magnitude of pumping dinar in exchange for revenue limited foreign currency that led to the deterioration of the exchange rate against the dollar

[tlm724] Yes they make a lot of money BUT the consequences of that action is that they created a dinar that is not worth much

it is now up to 1160 dinars to the dollar.

In attempt by the government to improve the level of the Iraqi currency, intends to delete the three zeroes are priced exchange rate 1.16 dinars to the dollar, and will cost the replacement process the state budget the amount of 172 billion dinars, or the equivalent of about $ 150 million,

and the government is preparing to perform this step, the adoption of “new dinar,” which asks system from the central bank to raise the value of gradual and down to be equal to the dollar.

[tlm724] Saying the GOI wants the dinar at a level that befits their new status after removal from Chapter 7. “the government is preparing to perform this step”

Preparing to perform “the adoption of “new dinar,” and asking the CBI to raise the value gradually, whats to say the CBI hasn’t been doing that all along, I’ll come back to explain that in a minute

Can the Iraqi economy, despite its financial strength and solvency, achieve social stability in light of the continuing lack of security and political stability? …

And can reassure investors and attract them to contribute to the country’s development projects promote and protect the national currency deterioration and return to the previous value the days of Saddam Hussein? ..

http://www.sotaliraq.com/mobile-news.php?id=111456#ixzz2bTWYX8Jx

[tlm724] This quote raises two questions… Can Iraq do this in spite of the circumstances in the country ? Can their tremendous progress and wealth push this currency reform and added value to the “new dinar” go forward now ?

Let me show you a portion of the other article I spoke about

Finance Committee: more than 188 trillion dinars budget in 2016 30/07/2013

[tlm724] The gist of this article is that they are preparing three years budgets ahead of schedule which in it’s self is amazing lol :

BAGHDAD / JD / .. announced the Finance Committee in the House of Representatives that the 2016 budget will be more than 188 trillion dinars.

Committee member said Magda al-Tamimi told the reporter / JD / within the Committee prepared for the budgets of Iraq strategy for the years 2014, 2015 and 2016

[tlm724] but the interesting thing is this quote :

“And alerted Tamimi that calculating the exchange rate of the dollar will be increased by 1.16 dinars, pointing out that the Commission had not received the report of a central location around the dinar exchange rate against the dollar, prompting the Commission to adopt the exchange rate on previous years and such a thing is not permitted at all.”

http://www.dananernews.com/News_Details.php?ID=3677

[tlm724] The Finance Committee is saying that the CBI “central location” has not given them the tools (numbers, rate) to do an accurate calculation !

That they are having to use $1.16 to calculate from and that rate is “the exchange rate on previous years and such a thing is not permitted at all.”

The common denominator in both these articles is the exchange rate of $1.16.

Right there it is saying hey that’s not a good number ! Before release from chapter 7 I would have read that article and believed that the $1.16 was referring to oil projections BUT today I am seeing it differently.

That is a very specific reference to the “exchange rate” of the dinar. Have the tides changed ? Are these two articles showing us that the exchange rate will be above $1.16 ??

Could we be looking for more then that ? Now I am not talking $4.00 here lol but the time’s are different now in Iraq and IMO these are showing us more of what the plan is.

Why would Iraq all of a sudden want to project and calculate their budgets 3 years in advance ? If we think logically about the economics of preparing a budget it makes sense IMO.

Wouldn’t it seem logical that if the IMF gave Iraq a road map to work from that the budget calculations would be included ? Did we (the US) not send representatives from the Treasury Department to Iraq to help with the budget (s) ??

Has the CBI been increasing the value of the current dinar to reach a level acceptable for the “new dinar” talked about above to come out well above the dollar mark ? IMO they have…

I seem to have left you with more questions then answers but my intention was to get you to consider the whole picture. Things are happening and if we pay close attention we can almost see what they are doing ! Thanks

Iraqi Dinar GuruChat 7-28-2013  Iraq: Start delete actions 3 zeros from alamlha July 27, 2013

Baghdad, Iraq (CNN)–Iraq’s parliamentary Finance Committee that the Central Bank, according to official correspondence, will start this year with three zeros deleted from the local currency, saying it will lead to the development of international economic and monetary transactions, in a new twist in the Iraqi currency, which suffered waves of inflation and exchange rates.

“The Iraqi media network,” the official, a member of the Finance Committee, Abdul Hussein Al-yasiri, said that he would begin preparations for the deletion of three zeros from the local currency, adding that the local currency “will cut 4 billion to billion, which will make a smooth transfer currency”.

Yaseri that the Finance Committee “supports the changes to the local currency because of the economic importance to the country.” the Central Bank said that the deletion of zeros is part of a plan to develop monetary policy and currency management reform.

The CBI had said in August that it planned to delete the zeros of the Iraqi dinar to facilitate financial transactions made through criticism most often.

Among the difficulties facing Iraq if he wanted to delete the zeros of the dinar is pulling about 30 trillion dinars circulating in the Iraqi market is then discarded and replaced with a new currency. LINK

[Shredd] gm everyone

[marjans] gm Shredd I liked the three zero article from yesterday

[Shredd] marjans, when this three zeros project starts, we are golden

[marjans] Shredd ok ty Shredd did they say August for that?

[Shredd] they, meaning Finance Committee, referring to the CBI plan, yes, but last we had heard from the CBI, they wanted to delay which was met by a lot of resistance that we all saw

[marjans] yup

[Meatman4dinar] Don’t you know that the closer they get to the actual RV, the more, less truthful articles will be pumped through the media??

[Shredd] Meatman4dinar people always say that but I beg to differ in Iraq’s case. The three zeros project requires a 1-1 rate for the beginning of the removal

[Shredd] marjans on that article you commented on… it is theApril thread

[Meatman4dinar] Shredd IMO, the 1 to 1 will not happen and that is a misinformation campain.

[Shredd] I just added the recent article but thanks for the 2012 one too

[tobyboy1] Shredd you see where I had given you Aug 2012 saying delete zeros in July 2013

[Shredd] Meatman4dinar ok……well, the removal of the zeros project is real and it will not be successful without a dinar at or better than the dollar

[Shredd] yes toby, thank you very much

[tobyboy1] Shredd interesting

[Shredd] agreed this all was the plan, but we just need to hear from Turki….what is his response to the push back on timing

[Meatman4dinar] It allows them to fool the big boys into thinking they can buy post RV at a 1 to 1 rate, so no real need to purchase NOW at the programed rate and take that risk when they come out 1 to 1 then they will buy. But when it comes out at 3.86 to 1, they missed the boat, so to speak.IMO

[tobyboy1] Shredd agreed maybe this be the surprise coming soon

[marjans] tobyboy1 that would be a nice surprise

[Shredd] Meatman4dinar well, the CBI doesn’t care who double dips…..internally they won’t sell the large notes and outside Iraq is already outside,

so again it doesn’t matter also, for the new notes, the iraq banks wont release large amounts like we had in large notes, won’t happen they must manage supply

but, many will open accounts in Iraq from outsiders which is what they want because of this……….outsiders will deposit their money into banks like warka and more to come

[Meatman4dinar] Shredd -At 1 to 1, the hedge funds will purchase and own Iraq.

[Shredd] Meatman4dinar no. how? explain

[deanwood] why would you want to deposit into a dinar-denominated account unless you just want to ride it up..tax wise I don’t see a benefit.

[Shredd] deanwood ride it up like you say. I’d rather have that than large notes……dinar is dinar if a electronic balance not dependant on notes

[deanwood] Shredd, let’s say it comes out at a buck and within the next 3 years or so it get’s up to $3.00 dollars that’d be a 300 % increase in 3 years. I know traders that could beat that easy in that time frame. That’s my point and let’s not forget this is Iraq

[Shredd] again, a double dip situation will provide a great stimulus for Iraqi banks because they will take in foreign currency balances and keep them on deposit…..sweeps/short term investments will give the banks a great deal of stimulus

[Shredd] deanwood traders may very well offer a higher rate than banks…..very likely…..so long as the sell is safe, the options will be many.. Shredd -out

 

 

Iraqi Dinar Guru7-26-2013[BondLady] I want to show you all an article from yesterday and one from today. yesterdays first then today’s .It’s funny only soccer could rile them like this .We know this would absolutely devastate them

Iraq given two months to improve infrastructure, or Gulf Championship 22 in Basra will be moved to Saudi Arabia 07/24/2013 0 Comments Urgent.

Iraq awarded Gulf federations two months to improve its infrastructure and would be transferred to Saudi Arabia 22 Gulf Wednesday, July 24, 2013 09: 22 | | | {Baghdad: Euphrates news} give Secretaries Gulf Iraq unions two months to improve its infrastructure, otherwise the Gulf Championship 22 in Basra would be withdrawn and transferred to Saudi Arabia.

According to a source in the Iraqi Football Union of {forat news} “andAfter four hours meeting heads of Gulf football federations unanimously granted Basra, Iraq a deadline until October 5 a is coming to full preparedness to host the Gulf Cup {22} football. ”

“The decision was made after long discussions where the participants reviewed the most important recommendations of the Commission of the Gulf inspection visits to Basra, and transcribed numerous observations on the Iraqi file, which contained shortcomings in certain aspects with regard to infrastructure and security challenges, the decides after the heads of unions granting Basra time required.”

It was likely that the Arabian Gulf Cup twenty-second edition to be held in Basra to Saudi Arabia because of lack of infrastructure.

And “the meeting addressed the most important obstacles that would stand in ensuring the success of the second edition of the contest, and listened to a detailed explanation of the Chairman of the Committee of inspection engineers, Marilyn country which indicated the amount of time that require processing installations for playgrounds and supported by the Iraqi Federation, confirming their readiness not to up to the minute”.

For his part, Hammoud, President of the Iraqi Federation successful “family of football in Iraq a success event is expected”, noting that “during the technical delegation accompanying him and rehabilitation specialist sports facilities”, arguing that “during the past phase of intensified Union in cooperation with government agencies and official preparations for the tournament the best output image regularization”, referring to “respect the desire of the GCC associations in ensuring the success of the contest”.

And there will be eight unions Secretaries-General special meeting in Manama next week to place special requirements on the Iraqi Federation provided before the deadline, in addition to the intensified coordination with Gulf inspection visits to monitor the completion of the work in Basra. http://www.alforatnews.com/index.php?option=com_content&view=article&id=46151:-22-&catid=38:2013-03-27-10-35-34&Itemid=56

[BondLady] I believe it was one of the huge reasons Maliki wanted it, he’s adding notches of accomplishments to his belt right now through his whole term. Just look he got them back into the arab league and it’s been like 40 years since they were, got them into NOW kuwaiti oil bidding and stuff. He got them out of chapter 7.

He got them into the international arab banking conference too for the first time in like approx. 12-20 yrs more like 20 something I can’t remember the exact number and now he would bring them finally without sanctions their beloved soccer team to play the super bowl with Iraq and some other country for the title at home in Iraq for the very first time

[lightingcslt] so cool

[BondLady] It was a tournament will be approved definitively in Iraq not during the General Conference to be held to that end next October END

[BondLady] so yes I think this played a big thing on wanting the infrastructure law also schools and hospitals and major major construction, all kind of investments. okay back to the other article

[BondLady] Hamidi demanding football federation to suspend the user’s posts in protest against the withdrawal of Gulf 22 Gulf of Basra 25-07-2013 02:53 PM Baghdad (news) .. called MP for the province of Basra Fatima Hamidi Iraqi Football Association to suspend the user’s posts Gulf in protest against the withdrawal of Gulf 22 of Basra.

said in a press statement today: that it is necessary that there will be stands firm and serious by the union Iraqi football toward counterparts Gulf, to withdraw them set up events Gulf Championship in Basra for the second time in a row.

said: that Iraq has the right to set up the championship at home, especially as he has built sports city full for the establishment of the tournament on its own, to unions Gulf of faith the ability of Iraq the establishment of the tournament at home, especially as he vowed to set up the championship for less than the previous tournaments / End / l. m / end

http://www.ikhnews.com/index.php?page=article&id=94321

[BondLady] see

[lightingcslt] they getting antsy, so this is why we are getting infrastructure done now

[BondLady] I just think it’s funny that it took soccer to kick their political BS butt’s into action and to get these amendments etc.. done

 

Iraqi Dinar Guru[BondLady] Expectations the dollar collapse in Iraq

07/23/2013 ty elizabeth

Expect a number of financial experts and economy with the collapse of the dollar is not at the global level because he is still master of the currencies in most countries but at the level of the exchange rate of the Iraqi dinar, we hope to return Iraqi dinar exchange rate versus $ 3.3 but this dream was difficult and elusive, impossible to achieve under global variables but achievable to get to equal one dollar rate for the dinar.

There are expectations for the possible return of Iraqi dinar force hope to achieve this dream and how we interpret the exchange rate so alarming in the country of its wealth, these expectations were built on expert perceptions of the Iraq exit and a summary of the provisions of Chapter VII are doomed to achieve reform and economic stability and to achieve all of the goals, in particular the return of the Iraqi dinar to the real strength of this vision and perceptions should be accompanied by better performance and selfless and efficient departments.

 

The stability of exchange rates is one of the most important means to achieve economic stability, the Central Bank and the banks responsibility for achieving the goal of price stability and the return of the real value of the Iraqi dinar to the dollar collapses reality in front of our national currency.

BondLady] The stability of exchange rates is one of the most important means to achieve economic stability, the Central Bank and the banks responsibility for achieving the goal of price stability and the return of the real value of the Iraqi dinar to the dollar collapses reality in front of our national currency.[BondLady] anyone get this ?[lightingcslt] yep,  BondLady it will gradually go to 3.3 in three years[BondLady] read the last paragraph,  forget the 3.3   Read the last paragraph and the return of the real value of the Iraqi dinar to the dollar collapses reality in front of our national currency.

[lightingcslt] to make the dollar collapse

[BondLady] and the return of the real value of the Iraqi dinar to the dollar collapses reality in front of our national currency.

[BondLady] to the dollar

[lightingcslt] yes

[BondLady] collapses ! collapses !

[lightingcslt] in other words good bye dollar

[BondLady] in other words, they come out with the new rate and watch the dollar collapse around them as they all use the dinar the dollar dies literally in Iraq. De-dollarization happens !

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