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6pm June 13th, 2016

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Table of Contents

KTFA:

InHim:  My understanding of a LOI, is to outline an agreement before it is finalized.  It is to indicate the intentions of both parties in a formal written manner.

So, in reference to our situation we know the LOI has to do with the IMF loans, we know the loans have conditions.  We know these conditions will result in an international dinar.  

Oh, we know there is a deadline!  That's the exciting part.  

The loans were offered with an LOI from the IMF.  The response was a signed LOI from Iraq, 2 weeks ago.  These deals are only offered for so long then withdrawn.  

Can't wait to hear the details tonight!

PLEASE, let me know if I am not understanding the LOI situation correctly.  I am so excited to learn.
....


Randy Koonce Full Email Update

Many times I have come on and joked about the Nigerian Lottery. I was spoofing some of the Gurus on this ride, because every time you turned around they were saying it had RV'd, when it had not. A lot of them are not around anymore. The remaining few have tried to keep their dream alive, hoping like a broken Clock that is right twice each day, lightening might strike...
 
The Intel does not come on the hour. It might be a week, or even two, before we get info from the right area. And, even after that, none are in a position to give any kind of exact date or rate...  



RCookie's Sunday News Recap & PM Chat Part 3 of 3

rcookie says():The beginning of e - governance and noted that the system e - government is not once, but in several stages, and could be called the beginning of the application phase of the beginning of e - governance, pointing out that the implementation of some government services spontaneously,
 
 without an integrated laid plan for achieving e - government system and without specific stages can be called (electronic ) any provision of certain services and not the transition to e - government system, so that the process of transformation integrated process, including coordination between the different units of government, not to provide specific unit only for its services.
 ~~~

RCookie's Sunday News Recap & PM Chat Part 2 of 3




rcookie says():The banking sector .. actually required reform
 
6/13/2016 0:00 Abdul Zahra Mohammed Hindawi , despite the acquisition of a larger area of the banking landscape in Iraq, but the government banks are still facing a lot of challenges that have prevented the performance of their active role in the development of construction required in the country 's process, especially with the intensification of the financial crisis and the government 's efforts to meet the registered in the budget deficit by resorting to external borrowing and the issuance of bonds .
 
Perhaps the bold step taken recently by the cabinet and of exempting government banks managers an agricultural, industrial and Iraqi trade and Rafidain bank represents a new beginning to change the reality of these banks, which was over the past years - also stresses involved in the banking sector - ineffective but, some believe it was disruptive to some of the important steps that could increase the effectiveness of the banking sector , public and private , both ..
 
this case Find a negative environment that has alienated the private sector banks to contribute to the investment process, as long as through private banks , owners complained of State - owned banks dominance and lack of opportunity in front of them,
 ~~~

RCookie's Sunday News Recap & PM Chat Part 1 of 3



 
rcookie says():HERE IS A RECAP OF NEWS...
 
rcookie says():INVESTMENT/BUSINESS/ECONOMY
 
CBI TO IMPLEMENT A NUMBER OF CORRECTIVE MEASURES AND CONDITIONS TOWARD THE ELIGIBILITY OF 8 BANKS AND 3 MONTHS TO IMPLEMENT GIVING 500 BILLION DINAR5 TO ENHANCE LIQIUIDITY AND RESPOND TO REQUESTS FROM DEPOSITORS...
 
TBI ANNOUNCES THEY HAVE INCREASED THEIR CAPITAL FROM 500 BILLION DINARS TO 1.750 TRILLION DINARS...
 
MINISTRY OF LABOR & SOCIAL AFFAIRS ANNOUNCE NEW ROUND OF SMALL BUSINESS LOANS TO 566 APPLICANTS STARTING TODAY JUNE 12...
 ~~~

 
WSOMN:

RaginCajun:  I'm still looking from mid week, til the middle of july, but who knows at this point, Sadr is stating if the reforms aren't done by the end of Ramadan all hell is going to break loose...i read this weekend where the citizens were not paid and getting very angry...the citizens are going to open a can of whip as* if something doesn't happen

DinarDiva:  When is Ramadan over?

RaginCajun:  july 5, the a 3 day holiday follows

Oncewaslost:  THEORY: the RV just MIGHT have actually occured recently When/if the Qui-cards were loaded (actual in-country RV? not GCR) and it is now transitioning (slow roll-out) to all other countries with USA being biggest (cabal) holdout?
....


The below posts were in our 10am Newsletter
Randy Koonce:   If you have been watching since Christmas, the Kurds have wanted the money that is due them; the Iraqi army has needed money to pay the troops; and, the Kurds need some money to pay their troops...
 
So unless you were seeing all these things in the news, the RV is unlikely because there would not be enough pressure on our president to tell Abadi to release the RV... 
 
I am saying this, because that is what is in the paper right now... the Tariffs at the borders; the Kurds coming to town to get paid; and the Iraqis saying they are going to pay there people by the 15th 16th of June. 
 
So now, we are in a window where we know Iraq wants to do the RV, and the intel matches up: everyone wants to do the RV... it is a matter of, is there enough pressure on our president so that he will not continue telling Abadi not to do this thing. Is the Pressure heavy? YES!  

Wang Dang Conference Call, Recording Link and Replay #'s from Sunday, June 12, 2016

Playback: 641-715-3868   PIN 894786  

Wang Dang RECORDING LINK

90 Minutes

Dinar Updates Sunday AM Chat  6-12-16   



 
rcookie says():Central Bank to take a number of corrective decisions on the conditions of eligibility 8 banks
 
Read More : http://www.dinarupdates.com/newthread.php?do=newthread&f=5
 
rcookie says():Central Bank to take a number of corrective decisions on the conditions of eligibility 8 banks
 
Author: AR, HH  Editor: AR, HH 06/12/2016 12:40 Number of Views: 576   Long-Presse / Baghdad
 
The Central Bank of Iraq, on Sunday, to take a number of corrective decisions to eight community banks, while gave it three months to implement them.
 
The central bank said in a statement received (range Press), a copy of which, "The Board of Directors has taken a number of corrective action to the situation of some banks and gave it three months to implement them."
 ~~~

 
AdminBill:  GOOD EVENING - STILL HEARING THE SAME INFORMATION. AS FAR AS A US MARKET CRASH THAT WILL NOT HAPPEN IN MY OPINION.

I BELIEVE MOST, IF NOT ALL COUNTRIES ARE ALREADY ASSET BACK, INCLUDING THE USA. THE TIME HAS NOT BEEN APPROPRIATE TO SEE IT ANNOUNCED.

IN ALL LIKELIHOOD THERE WILL BE A QUIET TRANSITION THAT OCCURS OVER MONTHS IN THE USA.

I CANNOT IMAGINE THE UTTER PANIC INVOLVED IF WE WERE TO SIMPLY GO FROM FIAT BACKED TO ASSET BACKED WITH A SNAP OF THE FINGER. IT SEEMS TO ME THAT THERE NEEDS TO BE A SLOW ROLE OUT THAT WILL SEE THE INCREASE IN PURCHASING POWER.

IT IS MY UNDERSTANDING THAT THERE WAS A MAJOR MEETING EARLY LAST WEEK ...THAT AGREEMENT WERE SIGNED BETWEEN CERTAIN ORGANIZATIONS THAT SHOULD LEAD TO ACTION THIS WEEK.

MY GOSH, CAN YOU IMAGINE HOW TIRED, FRUSTRATED AND WORN DOWN THESE PEOPLE ARE AFTER SO MANY MONTHS AND YEARS OF THIS SAGA?

Arbat:  Admin, Are you at liberty to say which/what "organizations"??

AdminBill:  I AM WAITING FOR PERMISSION..... LET'S JUST HOPE THAT THIS TURNS OUT TO BE ACCURATE.
....
 
 
 
rcookie says(): SOME OF THESE SMALLER BANKS UNDER INVESTIGATION BY CBI & UST STRUGGLED TO GET TO 250 BILLION...
 
rcookie says(): TBI WAS AT 500 BILLION AND RAMPED TO 1.75 TRILLION...
 
rcookie says(): GETTIN RAEDY FOR SOMETHING....
 
BGG says(): Exactly.
 
Hutch says(): I LOVE IT WHEN THEY SAY THAT !!!!
 
rcookie says(): AND I DONT THINK ITS SIMPLY THE DEVELOPMENT LOAN ACTIVATIONS...
 ~~~


BGG & RCookie News Time Part 1 of 2



 
BGG: Back to you - before I so rudely turned a corner... (we really just had to catch up to where you were)

BGG: and since you were discussing tariffs...
 
rcookie: THE NEWLY ANNOUNCED CUSTOMS INCREASES REFER TO INCREASES IN CERTAIN GOODS THAT WILL SEE SPECIFIC INCREASE FROM THE 2010 RATES THAT WERE LAUNCED IN JANUARY ACROSS THE BOARD....
 
THEY ARE REPORTED TO IMPLEMENTED ON THE 15TH AND THERE WILL BE AN ENGLISH VERSION PUBLISHED PRIOR TO THEIR LAUNCH...
 ~~~

Wealthwatch Chat Room News Excerpts & Comments 6-12-16  

chattels: Legal representative: reframe legislation important laws Off on the agenda of the new chapter of the parliament sessions agenda
 
chattels: " the acts of the new legislative term of the session table will display important legislation package to get the approval, with completion of the second reading of the other laws and vote on them later. "

chattels: " legislation important laws can not be voted on during an emergency session held or exceptional
 
chattels: http://wealthwatch.world/showthread.php?tid=4540&pid=14964#pid14964
~~~

TNT:

Yada:  It is beyond me for people to say we are still in the same position as we were 5 or 7 years ago,,,we were never this close and never had a much accomplished through this weekend,,even the last 6 months has been steady progress,,could we have RV'd as some point? Yes,,but the handlers are creating a financial utopia to correct the currency issues in Iraq and around the world,,,

JSL:  yada To honest this Utopia is not centered around our needs, it is centered around their agenda, but we are closer, maybe really really close, Still hoping for this week

Yada:  Agreed Jsl,,,what do we have? the banks and currency are qualified as international meaning they've met all the requirements to be released,,the banks in the US are on high alert because the Treasury is telling them to be,,the on the ground issues with removing Isis has seen Iraqi flags raised in the most troubled areas,,,IMF/US have approved the loan with Iraq that requires reforms to be in place and ready to go,,

JSL:  Yada Not to mention the currency system cannot go on in the Old limitations. This is necessary for their system to keep working until the next big issues of the world come up
....