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KTFA:
Aggiedad77: Brainstorming here for a bit:
The LAWS are done
The BUDGET is passed
We know what to look for at the CBI....pendulum swings
"Iraqi's swing like a pendulum do"......oops I did it again
We know the auctions need to stop
Long weekend coming up at the end of the month
Dr. Shabibi should be happy....HAPPY NEW YEAR Iraqi Citizens
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KTFA:
Frank26: KTFA FAMILY .......... They pass BUDGETS ........... Because they have LAWS. These same LAWS along with a few extra ones is also allowing them to LEGALLY enter an INTERNATIONAL STATE of CONDITION........... Of ACTION.
Dnari131: Great to see the announcement in INK for everyone to take notice =)
IMF completed an agreement to control Iraq's economy 12-15-2015
Director of the Middle East Department Masood Ahmed at the International Monetary Fund announced that the Fund will put the finishing touches in the coming days an agreement with Iraq on a program to monitor the country's economy.
Masood said on the sidelines of a conference in Dubai that the monitoring program will track the actual performance of the Iraqi authorities that may lead to agreement on a program of funding for next year.
This had been approved by the Iraqi authorities earlier last month that the IMF monitors Baghdad's economic policies through the program, which aims to cut spending and reduce the deficit in the Iraqi budget.
http://www.faceiraq.com/inews.php?id=4438246
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TNT:
Elmerf123456: I feel great. Nothing has changed.
Iko Ward: Guys, I got nuthin new. I'm still thinking they are going to stretch this thing right to the wire and let it go over the weekend. Anything else is a pleasant surprise.
GS13: I am practicing my surprised look! just in case....
Rene555: Elmer: What are.we looking for next? After the meeting what should we expect?
Elmerf123456: Seriously? I'm looking for the final event and closure on this entire ride what are you looking for ? Every page has been written every chapter has been included the backing on the book is already there there's nothing left to read no more chapters left to do no more signatures needed! This in my opinion is a timing issue and I think the time is come
We are all involved spectators waiting to see the final curtain call that's it !
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Today:
So we see this rate fluctuate now to 1,200 but traded in to the CBI for less in exchange for US dollars. This takes place in the money auctions. Why is the dinar exchanged this way?
It gives the banks an incentive to bring in the 3 zero notes to the CBI in exchange for US dollars. Why is the demand for the US dollars so high?
There is now a higher demand for the US dollars but we must go back to the 2012-2013 timeframe to understand why. During this period the CBI , under the direction of the presiding governor Dr Shabibi had created a void in the currency in Iraq. Part of the plan from 2009 - 2013 was to collect nearly 75% of the 3 zero notes and get them out of circulation. The plan then was to fill this void by introducing the newer lower denominations with a value more than the US dollar, thus creating an incentive to hold dinar over US dollar.
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(Thank you George for emailing this to Dinar Recaps.)
UU6846 - "More Pieces to the Puzzle - Currency Reform " by Mnt Goat
Hello Everyone,
Today I need to give you yet more pieces to the puzzle to currency reform and so read this section very carefully. It can get confusing real fast if you don't read it carefully and clearly.
In the section I review the currency reform exchange process with you but in relation to what is happening in Iraqi banks, the CBI and the citizens and not your exchange. This is important to know as it is how it relates to the overall planning for the ultimate revaluation of the IQD down the road. If you want to know what is taking so long to RV.....well here it is.
Today's News
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Post From BondLadys Corner
BLC Admin Tlm724 News & Comments
Morning News Comments 12/16/2015 Budget Passed and IMF in Charge !
The International Monetary Fund announces the final touches on the Iraqi economy monitoring program
[tlm724] the International Monetary Fund announced that he put the finishing touches on a deal to monitor, evaluate and manage the Iraqi economy
[tlm724] thats it, thats the key to what we have been saying about the IMF having the con in Iraq !!
[tlm724] manage the Iraqi economy
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Enorrste I think that it is safe to conclude that withholding the 50k note distribution until the end of January or even in February is because if they did issue them now the locals would just squirrel the large bills away in their mattresses just as they are doing with the 25k notes.
Having said that, however, it is also my view that the CBI/IMF must have plans in place to get an FDIC type of law in place prior to the end of January.
Once that law is passed and in place then confidence in banking will return. As the people bring their 25k notes out of the mattresses they can be either deposited or exchanged for 50k notes.
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The below posts were in our 10am newsletter
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Ivantulafitov: translated > the House of Representatives approved the country's general budget for 2016 after the vote on all its clauses. The reporter said the agency all of Iraq [where] that "the House of Representatives voted on all the paragraphs of the budget, including the Kurdistan region's share amounting to 17% ended ..
CODreamer:
congrats to the Iraqis on getting their budget done! woo hoo!
Ivantulafitov:
frank26 is saying on or before 1st jan they have to (RI or RV) because LDs will be out
Iko ward:
Tick tock, tick tock, tick tock, tick tock, tick tock, tick tock,
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Wealthwatch Tuesday Chat 12-15-15 Part 2 of 2
OOTW: Cabinet renewed Iraq's consistent position demanding Turkey to fully withdraw its troops from the occupied Aera extended 15-12-2015 Discussed the Council of Ministers in its regular, which was held on Tuesday, December 15 2015 under the chairmanship of Prime Minister Dr. Haider Abadi, a number of issues, in the forefront;
Victories our heroine in the city of Ramadi and cleanse large parts of them and the continuation of purges of terrorists and explosive.
He discussed the Council of Ministers also the crisis with Turkey, and reiterated its consistent position of the need for neighboring Turkey in response to the request of Iraq's full withdrawal from Iraqi territory and respect for national sovereignty.
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Wealthwatch Tuesday Chat 12-15-15 Part 1 of 2
chattels: denied deputy for the coalition of Kurdish blocs, the health of the figures mentioned by the Finance Committee Haitham al-Jubouri, a member of the Kurdistan region for the export of 800 000 barrels of oil per day.
chattels: he says ..................... "the region exports about 600 000 barrels per day from the port of Ceyhan, according to official national company documents Sumo."
chattels: a member of the parliamentary finance committee Haitham al-Jubouri said yesterday that " the paragraph of contention in the 2016 budget is about the volume of oil exported from the Kurdistan region, where he confessed to the House of Representatives of the Kurds in Committee that the export volume of up to 800 000 barrels per day from the region and not as Sticky draft budget 550 000 barrels per day inclusive of Kirkuk's oil. "
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TNT: Highlights From The Big Call Tuesday Night 12-15-15
PinkRoses:
Bruce call starting... Bruce call: Bruce: special treat for tonight going to play the lead in song again. It brought me to tears. It beautiful. welcome, thank you for coming. Bruce praying in call.
PinkRoses:
Bruce call: Playing a song to put in Christmas spirit, the precall music, very special to Bruce. Then prayer request, then intel, then Q and A
Ploganea:
Bruce: Intel now. Where are we now? We are in the midst of it. Seeing the roll out.
PinkRoses:
Bruce call: Bruce: Where are we? We are in the midst of it. Midst of a perfect storm. WE are in the middle of it. We are seeing the roll out of this GCR, rollout of the exchanges taking place for some specialty groups. Will see our turn shortly.
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The below posts were in our 10pm newsletter
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Corruption is eating away "the Iraqi currency auction"
BAGHDAD - A peace Zidane December 14, 2015
"The money they looted from currency auction at the Central Bank since 2012 and so far more than $ 100 billion."
Also read: Iraqis punishment: cut dinar instead of stopping corruption (see below from November 30, 2015)
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Abadi adviser confirms the launch of small loans a week ago and warnings from the acquisition of private banks
Author: HH, ZJ Editor: BK, HH 2015/12/15 11:01
Long-Presse / Baghdad Economic Adviser to the Prime Minister Haider al-Abadi, on Tuesday, announced that the micro-credit project for citizens launched a week ago, and stressed that the central bank has introduced a private circle follow-up, and among economist that the project "has not been studied," about an in-depth, warned of the possibility of acquisitions of private banks from During the "fake names."
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Thanks Martha for sending this to us....
A follow up and possible scenario of Timing. - From Martha
Okay, here we go: it's 4pm and no banks but IMO we still are in a very short window.
Congress passed a budget... thus no furlough of govt. employees . Now, we hear that this is a signal that they accepted the RV over the weekend.
Next is the response from the Fed. So far mixed reviews on whether there will be a rate increase or not.
The markets just closed 2 days in a row up!. That announcement will be 12/16.
Well, where is the blood bath? Is this just another prophecy from MSM that is not happening, and perhaps a great way to expose those who continue to use scare tactics to gain funds for themselves?
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Economics, Free Pom, Multilateral Investment Strategies
China Just Ended The Dollar Peg (...For The Most Part) Freepom
DECEMBER 15, 2015
Rise of Multilateral Exchange Rates & the Feds Rate Hike
By JC Collins
On March 25, 2015 I published a post titled When Will China End the Dollar Peg. In that post we speculated that the USD based managed peg of the RMB will be removed before the end of the year.
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