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6pm June 12th, 2016

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Table of Contents


The central bank required banks to deposit 8 amounts in excess of 500 billion dinars
History of edits:: 6.12.2016 13:10  {Baghdad: Euphrates News} committed CBI administration, Sunday 8 banks deposit amounts in excess of 500 billion dinars.
A statement of the bank, the agency {Euphrates News} received a copy of it today, that "the Iraqi Central Bank management has taken a number of corrective action to the situation of some banks," alluding to the "grace of these banks three months to implement these decisions.

BondLady & Tlm724 News & Comments6-12-16 Part 1of 2

12/06/2016 09:27 | Direction Press Special /MP f or the Kurdistan Alliance, Mohsen al-Sadoun said the Iraqi constitution is to govern relations in the work of the federal government.
Sadoun said in an interview for "direction Press" that the Constitution governs the work of the federal government and the relations between the political parties, whether things concerning the Territory or the provinces that are not associated with the province.
He pointed out that there are interruptions to the relationship between the center and the Kurdistan due to the non-application of some of the agreements stipulated in the Iraqi constitution, pointing out that the most important outstanding issues between Baghdad and Erbil,
the problems are the oil problem, because of the enactment of the oil bill in the House of Representatives and exacerbated these things until I reached the relationship between the parties to the stage of the big challenges in the face of terrorism, which occupied some cities in Iraq.


Cantap:  Your Timely Exchange Gift
Guest Post by One Who Believes  6/11/2016 06:53:00 PM
Don't Miss Out On Your Timely Exchange Gift
As I was pondering all the controversy over the high exchange rates, I realized that there is a big misunderstanding in Dinar-Land. It seems that most people are questioning how the super high exchange rates could possibly be supported by the valuation of the country's assets.

The answer is: it can't. That is why the super high rates are only available for 6 days.
What you don't realize is that the final rate for all currencies will be the actual, appropriate, calculated, internationally accepted rates. I think that everyone can agree that these rates "Make Sense." After all, that is the whole argument, is it not?



Dyoungdc:  So, Wednesday is the 15th. This is the day China is supposed to "announce" being gold backed? or actually finally being Gold backed?

Turkeyhtr:  Dy, yes, and that will be the "game over" signal and our fiat money has "shot it's wad",so to speak.the Chinese are ,reportedly, a "we do what we say we will do" country. I guess we will see and watch what happens.

RCookie's Saturday News Recap & PM Chat  6-11-16   Part 2 of 2

  rcookie says():Cushioning head of the Baghdad Economic Forum Faris Al Salman said in his speech:
Although the central bank has succeeded in a good foreign cash reserve building in order to mitigate the economic shocks and absorb But Iraq faced represented an economic hurricane terrorizing «Daash»
and what form of consumption of the financial ability of the state toward arming and funding the war against terrorism as well as the destruction of infrastructure in many provinces and the displacement of the population, which in turn added new economic burdens on the government. he said Iraq is fighting terrorism on its territory on behalf of the the world
it is the duty of the Iraqi government 's quest to seek UN resolution is binding on countries in the world that holds their nationalities terrorists because they are citizens with the help of Iraq , financially and militarily and economically to finance the fight against terrorism , not leave it borrows money to pay its employees ' salaries.

RCookie's Saturday News Recap & PM Chat  6-11-16  

 Please click on title for full article
The below posts were in our 11am Newsletter

Wealthwatch Chat Room News Excerpts & Comments 6-11-16


chattels: Will Iraqi-Kurdish conflict break out in Nineveh?
chattels: "These territories are Kurdistan's now. We will not give them back to the Iraqi army or anybody else,"



??? Do You think IRAQ Bought these FIGHTER JETS at 1166...(see article below) Samson's Article Clearly States that 4 Have Arrived and 32 MORE will Be Coming....and that is Just from the U S A, NOT Including the Other ONES from  (R U S S I A) that Will Provide What IRAQ Needs for Air Space and Ground Protection/Oversight of their Country.....

And HOW  are They Paying for these w/{ALL} Other DEBT Obligations=CONTRACTS w/Other Countries on INFRASTRUCTURE Materials,Equipment etc.....

These F 16's are Noted at Approximately $165 MILLION DOLLARS EACH.........Choke,Choke.....Sorry About that......I Just Swallowed My Tongue......LOL

The HISTORY of this CONTRACT goes back Several YEARS......However, NOW they Give Some CLOSURE Details.................

BondLady & Tlm724 News & Comments  6-11-16   Part 2 of 2

Guarantee deposits "step to restore confidence in banks" and overcome the "cons" the previous stage
06/11/2016 12:56   The Central Bank of Iraq, said on Saturday that guarantee bank deposits , the company is the "fund" is committed through which to compensate depositors at bankrupt banks or liquidated, with economic officials promise to move to " the right direction and an incentive" to restore confidence in banks, citizens guessed it had dissipated the impact of their experiences "negative , " the former with private banks.
he said the board of the Central Bank board member Ahmed Rehn in an interview that " the establishment of the company to guarantee bank deposits as long as the form of the target of the Central Bank of Iraq since 2004, especially since such a company exists in other countries of the world , " noting, " The company is interested primarily to small depositors, who make up the vast segment of savers as benefit senior depositors."



Dinar Updates Saturday AM Chat  6-11-16   Part 3 of 3


  rcookie says):The escape of 180 people from the control of Daash south of Mosul towards the peshmerga
Written by : mohanad in: June 11, 2016 In: Iraq News No Comments views 29 views print E-mail
Nur News / Nineveh It managed 180 people from the inhabitants of the villages south of Mosul to escape from the control of the organization and surrendered to the Peshmerga forces at the center of a drunk.
A source in the Peshmerga "The 180 people from their villages south of Mosul today managed to escape from their areas controlled by them Daash organize and access to the heights of the village of Crow within the axis of drunken southeast of Mosul, controlled by the Peshmerga forces."

Dinar Updates Saturday AM Chat  6-11-16   Part 2 of 3

rcookie says():Abadi explains why changing the bank managers and gives a number of reasons
Saturday 11-06-2016 | 7:00:10Twilight News Office of the Prime Minister Haider al-Abadi, said / he said the latest decision to change bank managers came to support the Egyptian sector advanced by methods far from the bureaucracy, and to overcome the principle of quotas.
Abadi was decided last Tuesday to appoint new directors of six state banks, while decided to exempt the intelligence chief and head of state of the Iraqi Media Network to retirement.
According to the leaked document, the Finance Minister Hoshyar Zebari expressed his objection to the customs clearance issued by the Prime Minister Haider al-Abadi, in which two banks of six managers relieved and appointed others instead of them.
He said Ebadi's office in a statement to the Office of the Lord of Twilight News, said that customs clearance, which was issued by order, Prime Minister Haider al-Abadi came to confirm the reform approach in moving the wheel to work in the banking sector,
coincided with the launch of a broader lending to industrial, agricultural and residential projects in the private sector, which decides where adoption of advanced and transparent methods based on the electronic presentation and follow-up methodology, and not according to the usual methods of bureaucracy.

Dinar Updates Saturday AM Chat  6-11-16   Part 1 of 3

larrykn says():I like how they are putting people in the banks that know what they are doing an not some sister of a politician lol
DIGIman1 says():ugh lol yeah......that just goes to show ya just how deep the coruption is/was
larrykn says to):its more like the way they use to do business, now they are being taught how a govenment should and will be run, with the IMF and UST looking over their shoulder they have no other choice
DIGIman1 says to larrykn():just like a child eh? when they find out playing nice actually produces more? lol

larrykn says to DIGIman1():the good news is they have to do this now, there is no backing down from it, they are commited to get this done :)
DIGIman1 says to larrykn():all part of a nice big fat plan i think :)