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Post By Stevel: Greeting folks.
Here is an article sent to me and think it is worth posting or discussing.
The central bank project to delete the zeros will be implemented in early 2017
And independent Iraqi news agency and /. X
The governor of the Iraqi Central Bank, on Thursday, said the project to delete the zeros will be implemented in early 2017, indicating that the bank began to develop the first steps of the project.
And he said: " The aim of deleting three zeros from the Iraqi currency is to support the Iraqi dinar and make it a competitor of foreign currency", returned him as a "strategic project that will serve the country 's economy."
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Update:
The Trump for President movement, and the massive backlash coming from the political and media establishments against that movement, could very well be the implosion of culture which was suggested in the article re-published below.
In the original piece I stated the following:
"As use of the dollar levels off and begins to recede into the blend of multilateral currencies, the culture that grew up around it will also recede and implode back into the place from where it originated."
It is no wonder that the Trump movement, and its fragmentation of the American establishment structure, is turning into a nationalist movement, as that is exactly what would be expected as the power base in the world begins to be shared among other major players. Trump states that other countries will have to "pay their share".
This is exactly what a shift in the international power base would entail.
Global socioeconomic consolidation will be packaged and sold through a campaign of nationalism. Trump could very well represent America's "fall of the Berlin Wall" moment. -JC
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rcookie says(): wealth vamal Posted By editor
Economy News / Baghdad ... Information Office of the Prime Minister, announced that the Council of Ministers decided to approve the subjection of goods imported from all countries of customs duties, noting that this was due to "dumping" the domestic market of imported products and to protect the national product.
Information Office of the Prime Minister said in a statement seen by "Economy News", that "due to the sinking of the domestic market of imported products and to protect the national product Council of Ministers decided at the request of the Minister of Industry and Minerals and agency approval of the subject goods imported from all countries of the fees of customs based on the protection products Act Iraqi. "
He said the office, that "the Council decided to ratify the minutes of the committee formed under the Council of Ministers directed a number 25044, dated 09.20.2016 contained the Book of the Ministry of Finance with the number 1936, dated 18.10.2016 containing the increase of customs duties for certain goods in the minutes of the committee ".
rcookie says():Cabinet approves subjecting imported goods tariffs ^^^^^^^^^^^^^
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rcookie says():Parliament voted to abandon the law of nationality acquired discusses prevent the spread of weapons Occlusive voice today
Author: HH, NS Editor: HH, NS 19/10/2016 09:25 Number of Views: 610
Long-Presse / Baghdad Hold the Iraqi Council of Representatives, on Wednesday, 23 of its first legislative term of the third legislative year, while the meeting will vote on two bills, one to abandon nationality acquired, and others discuss the most prominent laws prevent the use and spread of silenced weapons.
She said the information office of the parliament, in a statement received (range Press), a copy of which, "The House of Representatives will be held at 11 am, this morning, its the 23 of the first legislative term of the third legislative year," indicating that "the agenda of the meeting includes a vote on project abandon acquired citizenship law, and vote on the draft law on ratification transfer of sentenced persons between the Government of the Republic of Iraq and the Government of the United Kingdom of Great Britain and Northern Ireland and the Convention on the Law. "
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Ame96 says():so the Hydro carbon law has been submitted Eh?
subgirl says to Ame96():yep that is my understanding... :)
Ame96 says():along with the rest of the budget
Ame96 says():Git er dun raq
subgirl says to Ame96():praying it all gets voted on today! hope they make quorum...
Ame96 says():me too ALL my fingers and toes are crossed
subgirl says to Ame96():lol
Ame96 says():legs arms eyes ......well U git the idear
subgirl says to Ame96():lol
subgirl says():GM to you rcookie :)
rcookie says():WHAT.....
Ame96 says():WHO WHEN
Ame96 says():Where
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The below posts were in our 6pm newsletter
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WSOMN:
ADMINBILL : WEDNESDAY, OCTOBER 19, 2016 (11:00AM MDT)
WELL, WELL, WELL...CAN YOU BELIEVE IT? NO RV.
IRAQ CONTINUES TO MAKE PROGRESS AND THEIR 2017 BUDGET IS ABOUT TO BE APPROVED. IN THE PAST WE WERE ALWAYS TOLD THAT WOULD BE A DEAL MAKER. NEVER DID THOUGH.
NOW WE HAVE JUDY B. CLAIMING PAUL RYAN IS THE PRESIDENT OF THE REPUBLIC. WHO MAKES UP THIS STUFF?
PAUL RYAN IS PART OF THE ESTABLISHMENT! NOW I ASK YOU...WHO DOES THIS MAKE SENSE TO?
ON THE TOPIC OF CALLS...AND BEFORE YOU ASK I DO NOT LISTEN TO CALLS, MY SCHEDULE DOES NOT ALLOW IT AND I HAVE HEARD IT ALL BEFORE.
I DO APPRECIATE THOSE WILLING TO DO THE CALLS WHEN THEIR INTENT IS TO INFORM AND CALM WITHOUT GIVING RATES AND DATES.
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Thanks My Ladies for sending this to us today:
MY LADIES: WHAT DO WE THINK ABOUT CONTRACT RATES RUMOR TELL AND EMERGING MARKETS??
GOOD AFTERNOON DINAR FRIENDS. TODAY IS OCTOBER 19TH AND THE WAIT IS STILL ON AND THE EXCUSES ARE STILL COMING IN.
I'M POSTING NOW ON EMERGING MARKETS AND HOW THEY WORK ON MY BLOG SITE AND FOUND THIS TO BE OF INTEREST AND WANTED TO SHARE IT WITH YOU
ALL. THE TALK IN THESE DINAR ROOMS IS STILL ABOUT HIGH RATES AND CONTRACT RATES AND I WHILE I AM NOT GOING TO TELL YOU WHAT TO BELIEVE I DO WANT YOU TO UNDERSTAND HOW MARKETS AND CURRENCY PRICING WORK.
SO LET'S HAVE A LOOK AND SEE IF THIS BIT OF INFORMATION IS USEFUL TO ANYONE OUT THERE OK.
WHAT ARE EMERGING MARKETS?
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KTFA:
Frank26: Another IMF Requirement for the MR being done ................... Good.
Walkingtick: The government issued a system of deposit protection .. Parliament seeks to enacted law "enhance confidence" in the banking system
http://almadapaper.net/ar/
EHankins: HI FRANK....THIS IS A GREAT LAW TO ENHANCE TRUST OR LIKE THE ARTICLE SAYS...CONFIDENCE IN THE BANKING SYSTEM.
DO YOU HAVE ANY FURTHER INTEL ON THIS SUBJECT? MEANING ARE THE CITIZENS SMILING AT THE BANKS/ABADI WITH A KNOWING TRUST?
AS IRAQ LITERALLY COMES TOGETHER KICKING DAESH'S DONKEY OUT AND THE DINAR STRENGTHENING, COMMODITIES, COMMERCE, TRADE, I WOULD THINK THE CITIZENS WOULD ENTER THE BANKS SKIPPING AND SMILING...
LOOKING FORWARD TO THE CC TONIGHT.....OHH YEA!!!
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Post From Dinar Updates
Chat Room Excerpts & Highlights
Rcookie / Mr White & Hutch News Time 10-18-16 Part 3 of 3
rcookie says():THEY OUTLINE CAPITAL FLIGHT OUTSIDE BORDERS IMPACT ON ECONOMIC AND GDP GROWTH AND USE OF INVESTOR CONFIDENCE AS AN EFFECTIVE MONETARY POLICY TOOL....
rcookie says():THEY FURTHER TALK ABOUT CAPITALIZING ON THE THREAT OF FROZEN ASSETS IN OTHER COUNTRIES AND USE TO ENCOURAGE RETURN OF MIGRATORY IRAQI CAPITAL....
THIS IS A CASE OF THEM CAPITALIZING ON THEIR RECENT WHITE LIST STATUS!!!!!!...
WHICH BY THE WAY YOU FOLKS KNOW 10 TIMES MORE THAN THE GURUS WHO USE THE TERM AND HABE NO IDEA WHAT IT MEANS...
NEED OF FERTILE INVESTMENT CLIMATE TO ATTRACT FDI AND IMPROVE ECONOMIC GROWTH...AND ENCOURAGE CONTINUED FISCAL DISCIPLINE MEASURES LIKE EXPENDITURE & PUBLIC SPENDIN G CAPS AND DEFICIT REDUCTION...
WE ARE GOING TO DELVE INTO MUCH FURTHER ON CALL TOMORROW....
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Post From Dinar Updates
Chat Room Excerpts & Highlights
Rcookie / Mr White & Hutch News Time 10-18-16 Part 2 of 3
daytrader says to hutch():Looking back at the article that said the Deposit Insurance Act was pulled from Parliament, it looks as though the COM determined a law was not necessary, and the GOI portion of the funding would be covered under the budget as an operating expense. Do I have that correct?
rcookie says to daytrader():IT WAS...BROUGHT H\THAT IN THE OTHER DAY...THEY ARE TALKING SPECIFICALLY ABOUT DEPOSIT INSURANCE COMPANY WBICH WILL EXECUTE AGAINST CBI POLICIES...ACTIONS...AND OVERSIGHT
daytrader says to rcookie():Perfect. That would mean the insurance is in place now?
rcookie says to daytrader():NOT A SPECIFIC CHANGE OR ADDENDUM TO LAW...BUT RATHER CBI SPECIFIC ACTIONS AND OVERSIGHT..
YES SIR...THATS WHY SUCH GREAT NEWS!!...
daytrader says to rcookie():Great!!! Thanks
rcookie says to daytrader():NOT WAITING FOR LAW...ALREADY EXECUTING.... GREAT POINT!!..
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Post From Dinar Updates
Chat Room Excerpts & Highlights
Rcookie / Mr White & Hutch News Time 10-18-16 Part 1 of 3
NEWSTIME WITH RCOOKIE, Mr. White and HUTCH, Tuesday, October 18, 2016
hutch says():OK LETS GET THIS PARTY STARTED !!!
hutch says():THANKS FOR THAT BEAUTIFUL PRAYER AS ALWAYS SUBBY !!
subgirl says to hutch():your welcome
hutch says():THANKS MS MAGS FOR COPYING AND COLORING FOR US !!!
magnetlady says():NO problem Hutch, Love doing it.
hutch says():TONIGHT.....WE ARE GOING TO BRING IN NEWS, MAKE SOME COMMENTS AND THEN DO A OPEN Q&A ! HERE WE GO !!!!! HI RCOOKIE !!!
rcookie says to hutch():HUTCHSTER.....GOOD EVENING!!
hutch says():ANY QUESTIONS BEFORE WE GET STARTED???
david334 says():Just wanted to say that the forum news flow guys and gals has been superb Thank you guys
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WSOMN
Fathertime: In Abadi's latest tweets, he stated that they will get their 2nd installment of the IMF loan. I believe in order to receive that, they need an international live rate......any thoughts?????
Sorry it wasn't a tweet, it is an article that Saleh, Abadi's advisor says they will receive 634 million from IMF in the next 10 days
RaginCajun: FATHERTIME- IF THEY GOT THE FIRST PART OF THE LOAN WHAT MAKES US BELIEVE THEY NEED A INTERNATIONAL RATE FOR THE SECOND PART OF THE LOAN
Fathertime: Ragin. According to the guidelines that the IMF put out
RaginCajun: FATHERTIME- BASED ON THAT, THEN WE SHOULD SEE A RATE
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The below posts were in our 10am Newsletter
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WSOMN:
ADMINBILL: MY ORIGINAL CONTACT STATED FIRMLY THAT THE BONDS AND HISTORICAL BONDS COULD NOT BE HYDRATED (CASH IN THE BANK) UNTIL THE RV/GCR BUTTON HAS BEEN PUSHED. THERE IS NOT ENOUGH MONEY (ASSET FUNDED) IN THE WORLD TO FUND THESE BONDS. I HAVE NOT HEARD FROM THIS CONTACT IN SINCE THE FIRST OF SEPTEMBER.
***************
TNT:
PsychicGrama: just had an interesring conversation with my personal banker at BBVA Bank. He informed me that there was a big meeting last week. he said the owners came and told therm that BBVA will be exchanging and they were told to be as competitive as any other bank. Apparently BBVA is owned by the chinese, and for the first time they became pwersonally involved by coming here. they also told them tnat the exchange was"imminent" and get ready.
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Thanks Pink Roses for sending these to us tonight:
THE BIG CALL WITH BRUCE TUESDAY, OCTOBER 18, 2016, INTEL ONLY
TRANSCRIBED BY PINKROSES
Bruce: Welcome everybody to the Big Call. All time listeners welcome back week after week. Also welcome new people as well for the first time. I am looking forward to tonight's call. Welcome 120 people that requested call numbers in the financial world.
Bruce: In Iraq a lot has happened the last five days. We highly are expectant any moment. We thought we would have something happen over the weekend. We are looking forward to the toll free number to set appointments and go in. What I understand say we happen to get this 800 number, when you would call the soonest you go in would be hour and half after you call in the 800 number to set your appointment.
During that time they are looking into who you are according to know your customer rules. That is something we will be going through. They will find out form you a little bit about you so you could go from there.
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Post From Dinar Updates
Chat Room Excerpts & Highlights
Josie says():THIS IS SAYING THE 2017 BUDGET HAS BEEN SENT TO PARLIAMENT AND INCLUDES THE HCL
Read More : http://www.dinarupdates.com/showthread.php?42528-Tuesday-October-18-2016&p=163761#post163761
Josie says():Let's just let that marinate for a bit. Thank you RCookie
clay says to jetset():loving the Mosul news
jetset says to clay():it is phenomenal!
clay says to jetset():(y)
clay says to jetset():cyl
rcookie says():TRY NOT TO PASS OUT.....
rcookie says():Economy after the war on «Daesh»
19/10/2016 0:00 Samir Abbas Alnasiri interested in postwar planning against «Daesh» terrorist phase in terms of the allocation of resources in the budget and benefit from loans and grants and international aid in the reconstruction of cities liberated and activate and stimulate the private sector and encourage him to contribute with the government in the implementation of their plans
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Post From Dinar Updates
Chat Room Excerpts & Highlights
rcookie says():An invitation to form a parliamentary front to include 10% of the oil revenues to Basra
An invitation to form a parliamentary front to include 10% of the oil revenues to Basra
Sat, 15 Oct 2016 19:13:53 # Algmehorah_uz MP from Basra Faleh al - Khazali province to form a parliamentary front to include the 10 percent of imports Basra oil to the local government to maintain balance in 2017, while the deputy governors urged not to pass the budget and to refrain from voting on them if they are free of that percentage.
He said al - Khazali told Republic News that the ratio Despite gaining the support and endorsement by the Prime Minister Haider al - Abadi and Parliament Speaker Salim al - Jubouri , but they need a parliamentary front in order to vote in the House of Representatives and the approval and make it within the 2017 budget, calling on lawmakers to maintain totaling 25 MPs to take the case of non - inclusion of the 10 percent in the state budget for next year could reach serious attitude to not to ratify the budget in general and to prevent the pass.
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Post From Dinar Updates
Chat Room Excerpts & Highlights
rcookie says():Iraqi parliament holds its tomorrow and vote on the abandonment of nationality acquired By Ziad al - Haidari
Iraqi parliament holds its tomorrow and vote on the abandonment of nationality acquired
Roudao - Erbil The Governing Council of Representatives, on Wednesday, its regular, voting and reading of a number of draft laws.
Aljsh acts scheduled agenda includes that starts at 11:00, "vote on the draft abandon acquired nationality law, and vote on the draft law on ratification transfer of sentenced persons between the Government of the Republic of Iraq and the Government of the United Kingdom of Brtania Great Britain and Northern Ireland Convention on the Law, and the vote on the formation of a joint committee concerning the subject of media reports accusing some senior oil Ministry officials of corruption. "
It also includes "The first reading of the proposed union with Health Professions Act, and discuss the draft report and the Ministry of Electricity Law, and discuss the draft report and prevent the use and spread of silenced weapons law."
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