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Greetings!,
Our newsletter is a listing of all our blog posts. The newsletter is sent 2 or 3 times a day. Our email schedule is HERE. If you cannot wait for the email, you can read our posts directly on our BLOG throughout the day and night, or follow us on TWITTER and get our blog posts tweeted to you between 10am - midnight (ET). Our Twitter name is DinarRecaps. If you like this newsletter, share with others. Enjoy our Recap Email, The Dinar Recaps Team |
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Dinar Recaps Weekly Email Schedule
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bluwolf] JUST ONE LAST THOUGHT,,WE ARE NO LONGER LOOKING UP TO THE MOUNTAIN,,WE ARE ON TOP OF THE MOUNTAIN LOOKING DOWN..PERIOD
[TERRYK] JUST GOT A EMAIL THAT THIS MAYBE A DAY OR TWO-PUSHING THE 15 DATE. THERE IS NO EXCHANGE RATE IN IRAQ. IT WAS FALSE, ACCORDING TO SOURCES. NOTHING TO BACK IT UP. SOME CLAIM TO HAVE A PIC THEY WERE GOING TO SEND. HAVE NOT GOTTEN IT, SO TO ME ITS BULL CRAP
[whitelions] Hi all did you see where the parlamint is asking the cbi to raise the value before the 2013 bugget is pasted there in meetings now thank god hope they do
[redhead1] whitelions - that would be wonderful - we could use an uplift
chrivers] Just that Sunday/Monday look real promising... the 15th is the IMF's deadline, so let's hope they can meet it!!
KajunRedBull] chrivers ...I agree but if nothing happens this time I am inclined to think our wait may be a lot longer!
[spankey] chrivers: Get out of town ! They actually have a deadline. ! ....
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The below posts shaded in green
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Fatlawi confirms that the arguments of al-Hakim on a majority government and timely Friday 12 October 2012
Follow-up - and babysit - MP for the citizen's parliamentary bloc Hassoun Fatlawi proposals head of the Islamic Supreme Council of Iraq Ammar al-Hakim on a political majority government came on time because there is no longer sectarian but political alignments.
Qatar National Bank Takes Over Iraq's Al-Mansour
12 October 2012 John Lee: Qatar National Bank (QNB) has announced that it has taken control of Iraq's Al-Mansour Investment Bank. It acquired an additional 27.7 percent shareholding for a cash payment of QR425.4 million, bringing its interest in the bank to 50.8 percent. The company said that goodwill of QR117.6 million has been determined on acquisition of this additional stake on a provisional basis. Click for Link
Genel Energy Presentation from Capital Markets Day 12 October 2012
John Lee: Genel Energy has hosted a Capital Markets Day for analysts and investors in London.
Please click here to download the strategy presentation, and here to view the webcast. Tony Hayward (pictured), Chief Executive Officer of Genel Energy, said:
"In the Kurdistan Region of Iraq we have doubled the size of our business and created, alongside our existing oil business, the potential for a very significant gas business targeting the rapidly growing Turkish market.
"We have made excellent progress assembling a high impact African portfolio. At the same time we have strengthened our management, operational and technical capability in order to take advantage of the opportunities available to us.
Iraq Aims to Beat IEA Oil Forecast 12 October 2012
John Lee: Iraq has said its oil output could reach up to 10 million barrels per day by 2020, higher than the recent prediction from the International Energy Agency (IEA).
Speaking at a ceremony for the publication of the IEA report, Iraq's Deputy Prime Minister for energy, Hussain al-Shahristani (pictured), predicted that the country's oil production would hit 5 million to 6 million bpd in 2015, rising to 9 million to 10 million bpd by 2020, a level that could be sustained for 20 years.
While higher than the IEA estimates, these figures are below Iraq's previous target of 12 million barrels per day by 2017., which many experts considered unrealistic.
The IEA forecasts 6.1 million bpd by the end of the decade but warning of factors impeding output growth.
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The below posts were in our 10am email |
Med (21:30:36): HEY BACK
ksdunlap: hey Med
Med: HI SORRY WAS ANSWERING A PM TO A MEMBERS WIFE
ksdunlap: figured you were busy
Med: ACTUALLY TELLING HER I WONT ANSWER IT I HATE TO DO THAT BUT AS I HAVE EXPLAINED
ksdunlap: I know you do, but u've said ask in the open for everyone to hear incase they have the same question
Med: YES EXACTLY KSD I WANT ALL TO KNOW
ksdunlap: understandable
Med: I UNDERSTAND SHE HAS FEARS BUT WHO DONT
ksdunlap: very true
Med: IT IS AN EASY ANSWER AND I WILL GIVE IT NOW SHE FEARS THAT THE IQD WHEN IT REVALUES WILL ONLY BE ALLOWED TO BE EXCHANGED FOR JORDANIAN DINAR SINCE IT IS NOW LISTED ON THE EXCHANGE FIRST THAT DOESNT MAKE ANY SENSE AT ALL SINCE WHO IN IRAQ WOULD HAVE ACCESS TO THE JD NOON BUT ALSO IT IS NOT JUST JD IT IS JD/USD ...
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ct 12 8:03 AM [MrsWisdom] Good Morning Dinarians
Oct 12 8:04 AM [MrsWisdom] [10/11/2012 10:36:10 PM] Blaino] MY FRIENDS, PLANETEERS AND DINARIANS... THERE IS A GLIMMER IN THE DISTANCE.. A LIGHTER AREA IN THE GLOOM THAT HAS APPEARED AND IS DEFINITLY GROWING BRIGHTER...
IT IS THE SUNSHINE OF THE RV, COME AT LAST TO CLEAR THE DARK OF UNCERTAINTY, THE HAZE OF DOUBT, THE FOG OF DERISION AND THE STORMS WHICH HAVE TAKEN SO MUCH FROM US... OUR TIME, OUR EFFORTS, OUR PATIENCE...AND FOR SOME:OUR HOMES, OUR JOBS, OUR PARTNERS, OUR MAD AND OUR FAITH AT TIMES (THAT THIS WOULD EVER HAPPEN)....
Oct 12 8:04 AM [MrsWisdom] [10/11/2012 10:37:12 PM] ...THAT GLIMMER WILL CONTINUE TO GROW AND BRIGHTEN... TELLING US THAT OUR PATIENCE HAS ENDURED, OUR HEARTS ARE STRONG AND WE ARE CLOSE TO THE PROMISED LAND OF FINANCIAL EASE AND SECURITY.
WE HAVE SUFFERED, LAUGHED AND WAITED... ALWAYS... WE WAIT... WE WONDER AND WE DISCUSS... TO HIDE THE WAITING FROM OUR SELVES. SOME HAVE CONSTRUCTED SCENARIOS WHERE THE WAITING IS ALMOST OVER... THIS IS NOT ONE OF THOSE! ...
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beachdreaming: BWM whats the good word today friend?
BWM: beachdreaming sorry I'm still laughing at some of the things on recaps that someone told me to look at
BWM: here's one of my favorites for the day... [kaperoni] i dont know of a bank that will be accepting the dinar from street consumers
BWM: hopefully he was just misquoted...let's see... the banks can SELL it.. but won't accept it
BWM: if a currency is internationally tradeable it is not a requirement of a bank to OFFER currency exchange BUT if they do they MUST honor ALL VALID currencies
BWM: you CANNOT discriminate against a country's currency that is internationally recognized AND traded... ,,
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There were a number of questions about credit unions after I did the FDIC classroom and I wanted so make sure that we looked at every opportunity for account protection so here is a downloadable file from the NCUA (National Credit Union Administration) about credit union account protection. As the admin body for the credit unions (as FDIC does banks) the NCUA helps administer the NCUSIF (National Credit Union Share Insurance Fund).
Personally, the NCUA was difficult to speak to a live person AND once I did speak to a department head and received this email I discovered that he was a contractor for PACA (Offices of Public and Congressional Affairs) and didn't seem to have a grasp of many of the questions that were personally answered by the FDIC departments when I called them.
There were several items that stood out upon comparing the FDIC vs. the NCUA:
1) Credit unions are very different based on locality and the membership of the union. You will find that perhaps in your area they do not have a wealth management/brokerage division to deal with large deposits. See your local credit for programs they may offer. ,,
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11:11 PM target: [8:47:39 PM] Blaino: ALTHOUGH, I HAVE NOT BEEN HERE A LOT THE LAST FEW DAYS... I HAVE BEEN HARD AT THE PUZZLE... STAND BY FOR ... OPINION!
Blaino: I DO NOT HAVE ANYTHING THAT MAKES ME BELIEVE THAT THE ELECTION WILL HAVE A "STOPPER" EFFECT ON THIS... WGS AND PP ASIDE (AS I DON'T REALLY UNDERSTAND ALL THE INS & OUTS OF THAT DEAL) AS FOR ALL THE HOOPLA AND "RENO-ITIS" THAT'S GOING AROUND... NO ONE HAS YET BEEN ABLE TO PROVE THEY CAME AWAY WITH ANYTHING BUT PROMISES!
Blaino: SAME WITH THE "VEGAS CONNECTION!" WHERE I'M SURE A LOT OF PEOPLE WILL GET MASTERFULLY HAMMERED.... ...
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[Shredd] kaperoni hey kap [kaperoni] hi i brought you something [Shredd] how about that news of new council? [kaperoni] You are aware of this from the CBI I am sure [Shredd] ok,bring it [kaperoni] http://www.cbi.iq/documents/press%20for%207-10-2012.pdf I got it translated [Shredd] geez ok, translate plz [kaperoni] Here is the translation of this press release.... The CBI is aware of rumors circulating re the delay of eliminating the 3 zeros, we hereby reassert the importance of this project to the public interest, the economy and the country in general. There has been a temporary postponement in order to further coordinate between the CBI, the executive and legislative branches even though the CBI has done its task in preparing for the transition.. Furthermore upon completing the printing of the new currency we remind the public that putting the new currency in circulation has to be at the beginning of the year (any year) and not during the year.. Please do not spread any rumors; always refer to the CBI announcements for this matter.. ...
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The below posts were in our 10pm email
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Med says to (12:52:09):I HAVE BEEN ASKED ALMOST EVERYDAY BY MEMBERS IS IT STILL GONNA HAPPEN THIS YR I KNOW THAT THE MAJORITY WOULD NEVER ASK ME THAT
I KNOW IT IS OUT OF FEAR AND ANXIETY I AM ASKED AND I TAKE IT AS A COMPLIMENT BUT RIGHT NOW EVEN THOUGH SO MUCH HAS COME OUT AND IT IS A LOT I DONT HAVE A CLUE IF IT IS JULY OR IT IS JAN
CBI HAS TEMP POSTPONEMENT WHICH I CAN LIVE WITH UNLESS IT IS LIKE 10 YRS THEN I WOULD BE PISSED BUT I DOUBT IT TAKES US OUT OF 2013 IT WILL BE IN THE FIRST TWO QUARTERS ...
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In the last 2 days Recaps has had many complaints about our daily emails going to peoples email spam or junk folder, especially those with GMail accounts. We are are working to resolve the problem with our main email service provider.
REMINDER:
---If you do not get a SCHEDULED email, please check your email spam or junk folder.
---ALL Dinar Recaps Email Newsletters are available on our ARCHIVE page online as soon as the email is sent.
---We have a SECONDARY EMAIL LIST for those who are having trouble getting the emails from our main company. With this you receive a link to retrieve each email to open in your browser window instead of your email program. CLICK HERE for that signup.
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FootForward on the Recorded big Call Thursday Evening 10-11-12 1-760-569-7699 Pin 169061 [heartfelt] FYI Phoenix last night was still saying by or before 10/15 that was about 25min into his call. He had a lot of good info on his show last night. New currency to come out by end of year or early 2013 as reported. This means they want to get the OLD large notes off the streets ASAP! Just reporting. Asells: this person has it all.......... Egos, Intel, and the concept of "Silence" ........... think we need to post it on those sites and to those, that can't keep traps shut http://removingtheshackles.blogspot.ca/2012/10/egos-intel-and-concept-of-silence.html Asells: IMF's Lagarde calls for action http://www.reuters.com/article/video/idUSBRE89A02O20121011?videoId=238332436 Asells: I LIKE Lagarde!! [xxxxxx] Tony PTR just ending their call. He has gotten 2 phone calls and a few texts while on the call and he is excited. Said it just may be happening now. Will confirm further, and may have another call later this afternoon and said this could very well just be a GREAT day. Or tomorrow! ....
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[Shredd] yes i'm with ya
[BondLady] what are your thoughts shred as a banker and as an administrator his views are very important here so lets let him have a go ty
[Shredd] i've been chewing on this for a while and it is evidenced in so many articles as of late.....
[Shredd] when Shabbs changed it back in Jan the article stated his reasoning was what?
[Shredd] keeping inflation in check and his move of 4 bps, or "pips" (basis points) was praised
[BondLady] it floated basically
[Shredd] the article stated this was a huge success right so, bondlady, what you state about speculators is very interesting! ...
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[BondLady] good morning all...... as i start this ... if you all have read my last 3 to 5
chats........ or want to.......i've been showing you the path or road map to what i've basically concluded this morning, as i finished connecting all the dots i could... BondLady's Chats that she has made reference to are listed at the end of Part 1 and Part 2 of this chat post -
[BondLady] please keep an open mind until i'm through, you all know by now when i throw out my theories they usually pan out but until it happens or IF we won't know, all we can do is read and study and see if this is the right road or not............ sometimes it helps to re-read things we've already read....sometimes we miss little hidden things, either from lack of sleep or just didn't see it the 1st time
[BondLady] when you go back after this chat and if you re-read or read these chats you will see things in them that has led me to this one a map so to speak please don't just scan over them because they might be long actually read them so you will understand ok this is what i'm about to say and most of you have known this about me long before i ever opened up my site from when we belonged to other places ...
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The below posts shaded in green
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MoE grants consents for 30 projects
Friday, 12 October 2012 00:29 Baghdad (AIN) : The Ministry pf Environment has granted the consents for (30) projects in services, industrial and agricultural fields distributed among the districts and suburbs of Wasit province. The Ministry of Environment quoted its official spokesperson and the director of environmental information, Amer Ali Hasson, as saying that ''The Ministry of Environment granted the consents for (30) projects after meeting the required environmental conditions.'' The statement added that ''The projects varied in seven services projects and 13 industrial projects in addition to ten agricultural projects distributed all over Wasit province," noting that "These projects have met the required conditions for granting the licensees.'' +Click for Link
Illegal weapons seized in Baghdad
Thursday, 11 October 2012 22:33 Baghdad (AIN) : A security force succeeded in seizing illegal weapons and banned materials in various areas of Baghdad. The official spokesperson of Baghdad Operations Command, Dhiya al-Wakeel, reported in statement received by AIN on Thursday that ''The police patrols in cooperation with the forces of the Federal Police implemented a security operation, in Baghdad Jededa, Neaeryia and Bab al-Sharqi areas, resulted in seizing unlicensed weapons and banned materials.'' +Click for Link
SLC MP: Security ministers to be approved by Maliki only
Thursday, 11 October 2012 22:20 Baghdad (AIN) : MP, Ibrahim al-Rikabi, of the State of Law Coalition assured that the Premier, Nouri al-Maliki, is the only person who is authorized to approve the nomination of the security ministers. Speaking to All Iraq News Agency (AIN) on Thursday, he said "In spite of the talks over the security ministries, but the only and last word will be for Maliki as being the General Commander of the Armed Forces, to approve the nomination of the candidates for the security ministers post after reviewing their curriculum vita." Regarding the reports over the political pressures by the Iraqiya Slate to accept the current Acting Defense Minister, Sadoun al-Dulaimi, he said "Dulaimi is a suitable figure and he is in this post for a long time where he helped in forming the Iraqi Army." +Click for Link
Talabani arrives in Erbil coming from Baghdad
Thursday, 11 October 2012 20:20 Baghdad (AIN) : The President, Jalal Talabani, arrived in Erbil province coming from Baghdad on Thursday. A statement by the Patriotic Union of Kurdistan received by AIN cited "Talabani arrived in Erbil on Thursday evening." It is worth mentioning that Talabani conducting dialogues with governmental officials, parliamentary, religious and social figures after his return from medical treatment lasted for three months in Germany. +Click for Link
Tomorrow the start of the global scientific conference Kurdish second in Arbil 11/10/2012 21:57:57 Thursday
Erbil (news): announced by Falah Mustafa external relations officer Dr. Alan Delaney President of the Conference global scientific Kurdish, for a scientific conference program Kurdish Second World which will be held tomorrow in the capital of Irbil, under the banner of "science and culture in order to provide Kurdistan."
At the beginning of the press conference held on Thursday, at the headquarters of the Department of Foreign Relations Kurdistan Regional Government, spoke Hlkut ruled spokesman Conference for the conference program, and announced that the Scientific Conference Kurdish First World held last year in the Netherlands, and will start work the second conference on the morning of Friday, until next Monday, is scheduled to attend President Massoud Barzani Kurdistan Region on the first day, and Nechirvan Barzani, president of the Council of Ministers on the second day of the conference and Arslan Baez on the third day of the conference.
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The signing of a cooperation protocol between Kurdistan and Dubai in the stock market and currency 11/10/2012 19:08:19 Thursday
Baghdad (news) : After the delegation visited the Kurdistan Regional Government headed by Abdullah Abdul Rahim head Stock Exchange Kurdistan banknote Dubai recently, the two sides signed a protocol requires the cooperation within the framework of the stock market and currency.
statement issued by the Permanent Mission of the Kurdistan Region of Commercial Affairs in the United Arab Emirates and got (Agency news), a copy of Thursday: that Sheelan stifling trade representative for the Kurdistan Region in United Arab Emirates confirmed on: The protocol signed between the Stock Exchange of the Kurdistan Region and Borse Dubai requires cooperation between the two sides in this area for three years, and every person is appointed in Bursa province will undergo training sessions in Dubai, also provides protocol on technological cooperation between the two sides, and the exchange of experiences in the development of Bursa province. statement quoted Issam Kazim, Chairman Dubai Mercantile Exchange banknotes, saying: We will discuss with our partners in the stock market to contribute to the development of stock Kurdistan. + http://www.ikhnews.com/news.php?action=view&id=59607
The opening of an international trade fair in Erbil next week with the participation of 850 companies 11/10/2012 18:28:51 Thursday
Erbil (news) : announced Thursday in Arbil, during a press conference held at the Rotana Hotel for the opening of the International Trade Fair comprehensive VIII, between 15 to 18 of October current.
conference was attended by Abdullah Ahmed Abdul Rahim supervisor Erbil International Fair and Fadi Darwish Company (IFP) Iraq to organize international exhibitions and representative of the company Asiacell. said Supervisor Erbil International Fair: This exhibition will include all sectors of reconstruction and construction, electrical, construction, involving more than 850 companies from 20 countries. added Rahim in a speech to the Conference: We are in exhibition Erbil International organized more than 50 exhibitions since the founding of the Erbil International Fair and this exhibition is the eighth in terms of exhibitions comprehensive alongside shows specialist. his part, thanked Fadi Darwish of any company VFB Iraq organizer of the exhibition: the Kurdistan Regional Government to support this exhibition, pointing out: that Erbil International Fair in its eighth largest gathering of major international trading companies will participate in this exhibition of major international companies, including American, British and German along with companies from neighboring countries. + http://www.ikhnews.com/news.php?action=view&id=59603
Abawi looking with the U.S. charge d'affaires of bilateral relations and steps to remove Iraq from Chapter VII 11/10/2012 16:18:39 Thursday
Baghdad (news) : Search, however, Abawi, Undersecretary of the Ministry of Foreign Affairs, on Wednesday, with Douglas Solomon U.S. charge d'affaires, bilateral relations and the steps taken to remove Iraq from Chapter VII of the UN Charter.
said a Foreign Ministry statement received Agency (news) copy of it on Thursday : that during the meeting, they discussed a number of issues concerning bilateral relations between Iraq and the United States, were also exchanged views on the most important events in the region and ways to deal with them as well as steps taken on removing Iraq from the provisions of Chapter VII of the Charter of the United Nations. statement added: that the two sides discussed a number of issues concerning the future of cooperation and coordination between the two countries in various fields. + http://www.ikhnews.com/news.php?action=view&id=59595
Parliamentary Finance Committee defer again a supplementary budget bill .. The loan included on the agenda of the Japanese Parliament 11/10/2012 15:26:48 Thursday
Baghdad (news) : I agree drafters financial inclusion project Japanese loan (second reading) on the agenda of the Council meeting the next, as was delayed bill supplementary budget of the federal public in 2012 amended.
statement said the Commission received Agency (news) copy of it: The members of the committee agreed to postpone bill supplementary budget of the federal public in 2012 amended, pending receipt of the Cabinet decision on stopped and work under the provisions of Article (23) of the Code of Federal budget for fiscal year 2012. statement noted: that the committee discussed the proposed law watchdog distribution of federal income and reached to form a joint committee of the committees (financial, legal) to discuss the proposed law watchdog allocation of federal income TBD mechanism formed and date of the meeting.
Editorial: The pros and cons of deleting zeros 11 OCTOBER 2012
Raised the proposal to delete the zeros of the Iraqi currency sensation has interested in economic affairs and apprehensive citizens there are of considered a step in the right direction to restore the prestige of the Iraqi currency and get rid of inflation suffered by the Iraqi economy, especially the volume of currency in circulation which estimated up to 30 trillion dinars Adin decision is an important step in monetary reform and strengthen the confidence of citizens in the national currency in the view of other parties, including the government's proposal to delete the zeros will carry the country overloaded being will increase the phenomenon of money laundering and would negatively affect the financial trading in the stock market with the possibility of higher inflation and higher rates of current and between different visionaries found necessary approaching this subject and the valley where an attempt to simplify what is happening and to inform citizens on the merits of the deletion of zeros from the current currency
* Continuous suffering
Beginning with Managing Director of the Company and Mesopotamia Banking Ali Hamza of Haider, who spoke to the reporter (news agency, media / INA) for "standing with the decision and the replacement of the existing currency being will contribute to the reduction of suffering and problems suffered by the Iraqi economy in general" and indicates the Haider to "The presence of foreign agendas implemented from neighboring countries purpose of weakening the Iraqi dinar and destroy the country's economy by pumping fake currency in the market and that cause not to trust in the Iraqi currency and thus a collapse of the national economy"
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Private banks financed small and medium-sized projects for Iraqi citizens 10/11/2012
The results of financing small and medium-sized enterprises by a number of private banks and in cooperation with the United States Agency for Development seemed clearly visible, according to operators of the project during their third meeting where emphasized that the number of applicants for these projects is increasing due to profits obtained from them.
Saif Hilfi Managing Director of the United Bank for Investment: (I think that small and medium-sized enterprises which is an urgent need for Iraq to strengthen the national economy as well as to strengthen the sustainable development and this is a very important idea.
Joya Antal, director of bank lending in the U.S. Embassy: (today's meeting, which brought together government banks and Iraqi private banks and a number of officials Iraqi and U.S. governments is to develop the idea of small and large enterprises, which I think it will be the cause of the development of Iraq's economy.
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Contact Us
Dinar Recaps
PO Box 1090
Edison, New Jersey
08818
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About Us
We are Iraqi Dinar Investors who Tweet and blog the latest Dinar information gathered from public forums, chat rooms, and blogs. Our Blog posts are e-mailed in this Recap Newsletter.
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� Copyright DRT Distribution, LLC All Rights Reserved DISCLAIMER: We do not endorse, support, represent or guarantee the completeness, truthfulness, accuracy, or reliability of any content or communications posted or otherwise contained on Dinarrecaps.com or any Dinar Recaps Twitter account or Dinar Recaps email or newsletter or post or any related or affiliated website or Twitter account (collectively, the "Website"). We do not endorse any opinions expressed on the Website. Dinar Recaps is not a registered investment advisor, broker dealer, banker or currency dealer and as such, no information on the Website or Email newsletter should be construed as investment advice. We do not intend to and are not providing financial, legal, tax, political or any other advice to any reader of the Website. This site is merely for informational-entertainment purposes. It is not the purpose or intention of this site to influence any person to purchase or sell Iraqi Dinars or any other currency. Do not buy, sell, trade or hold any Iraqi Dinars or any stocks, bonds, other currencies, or commodities based upon any postings or messages on the Website or referenced on the Website. You should seek and rely on the advice of licensed and registered financial, legal and tax advisors of your choice. The owners or operators of the Website shall be all be held harmless for any/all information posted on this site and Twitter account(s) and email newsletter(s). Any and all information contained herein shall be construed as "Rumor." The owners and operators of the Website site shall not be held responsible for any information contained hereon including information provided by others.
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