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6pm August 28th, 2016

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Table of Contents
 
 

More News, Rumors and Opinions Late Sunday Afternoon 8-28-16

TNT:

ConeonRV: Well Fargo is very ready for us to come in. Lead bank MUST HAVE High Net worth support. Notice how Thurs, they announced partnering with Abbot for High Net worth customers. I was going to do most of my business with BOA as the acquired US Trust. BOA WAS the lead bank before the mortgage bubble busted!

Kozmo: Comeonrv. Is that speculation about wealth managers working Labor Day weekend or is that a fact?

ComeonRV: kosmo FACT.... The original Abbot Downing company manufactured custom stagecoaches in the 19th century. Read more on the WELLS FARGO {with the stage coach logo{ website. Hmmmmm

ComeonRV: Folks, this baby is DONE! Get yourself prepared to walk into the bank and come out a very WEALTHY person. It's gonna have your heart racing and a few tears of joy!!! YES YES YES

SassyD: HEADLINE: "I've Never Seen Anything Like This Before" - The Housing Markets In The Hamptons, Aspen And Miami Are All Crashing

ComeonRV: sassy,,,the financial system is CRASHING DOWN....US Banks are ALREADY on the NEW FINANCIAL SYSTEM! Locked and loaded!
....


 

Dinar Updates Saturday PM Chat  8-27-16   Part 3 of 3

Dinar Updates Saturday PM Chat  8-27-16   Part 3 of 3
rcookie says to MrsBGG():AND THIS IS WHY COLLECTING THE ELECTRICITY TAXES ELECTRONICALLY....AS RECENT AS TODAY IS SO IMPORTANT...
rcookie says to MrsBGG():OOPS..
 
rcookie says():Reform the electricity sector by a combination of the following measures:
o implementing the progressive electricity tariff schedule designed by the Ministry of Electricity in 2015, which could yield nearly ID 2.2 trillion (1.8 percent of non-oil GDP) in additional revenue for the electricity sector; the additional revenues will be used to finance off-budget investment
 
rcookie says():and repay bank loans of the electricity companies;8 the tariff increase will not increase the tariff for the consumption below 600 kilowatts per month in order to shield the poorest; and
 
rcookie says():reducing gas flaring by using it for electricity production, which, according to the World Bank, could yield about ID 1.4 trillion ($1.2 billion, or 1.1 percent of non-oil GDP) in budget savings per year with an upfront cost of $0.5 billion starting in 2017:9
~~~ 

Dinar Updates Saturday PM Chat  8-27-16   Part 2 of 3

Post From Dinar Updates
Chat Room Excerpts & Highlights 

Dinar Updates Saturday PM Chat  8-27-16   Part 2 of 3
rcookie says():FOE ANYONE WANTING TO DO THE GAZINTAS FOR THEMSELVES.....
 
rcookie says():The external financing will be covered by loans from the IMF under the SBA ($1.9 billion), the World Bank under a Development Policy Loan to be disbursed in December 2016 ($1billion),
 
a bond issued with full guarantee of the United States ($1 billion), loans by the World Bank guaranteed by France ($450 million), the United Kingdom ($430 million) and Canada ($120 million) budget support loans by the Japanese International Cooperation Agency (JICA, $200 million),
 
and a Eurobond issuance in the last quarter of 2016 ($1billion). The external financing will also be covered by project loans from the U.S. government ($2.7 billion, ¶11), Germany (€167 million, i.e. the €500 million disbursed over three years, ¶11), JICA ($323 million), the World Bank ($120 million), Italy ($66 million), and the Islamic Development Bank ($54 million).
~~~ 
 

Dinar Updates Saturday PM Chat  8-27-16   Part 1 of 3

Post From Dinar Updates
Chat Room Excerpts & Highlights 

Dinar Updates Saturday PM Chat  8-27-16   Part 1 of 3
Cyborg says():In totally the wrong place for this, but you gotta start somewhere......
Cyborg says():Is there ANYplace where Zim is discussed ??
Cyborg says():Plenty about Iraq, nothing about Zimbabwe that I can find.
 
Cyborg says():Any/all hints and clues: WELCOME !
Cyborg says():anyone ?
Cyborg says():Bueller ?
 
Nash says():Don't buy anymore
Cyborg says():Don't buy anymore what ?
Nash says():JMO
Cyborg says():??
rcookie says():ZIM
Nash says ():Just my opinion 
~~~
 
 

AdminBill at WSOMN Sunday 8-28-16 "Here we are Again" 

AdminBill:   SUNDAY, AUGUST 28, 2016 (10:30AM MDT)

GOOD SUNDAY MORNING DINARIANS. HERE WE ARE AGAIN. ANOTHER DAY OF THE WEEK UPON US WITH RUMORS IN THE AIR OF PAYMENTS MADE AND SIGNATURES COMPLETED. PROGRESS IS BEING MADE OR SO WE ARE BEING TOLD.

ACTUALLY, I BELIEVE THAT IS TRUE. PERSONALLY, AND THIS IS JUST MY OPINION AND NOT BASED UPON ANY FACT, THE RV/GCR/BOND FUNDING INITIATIVE HAS CHANGED COURSE WITH THE INTRODUCTION OF A NEW ASSET INTO THE PICTURE A COUPLE OF YEARS AGO.

IT IS MY BELIEF THAT THE DYNAMICS OF THE PROCESS WERE ALTERED TO MEET THIS NEW ASSET.

SUCH AN ASSET WAS NECESSARY TO PROVIDE THE FOUNDATION FOR THE VALUES REQUIRED FOR INTERNATIONAL HUMANITARIAN PROJECTS.
....


 

News, Rumors and Opinions Late Sunday Morning 8-28-16

 
KTFA:

Don061:  Yup....Ding DONG!...It's time to finish up Mosul and everything else in sync...jmo

August 26, 2016 2:00 am JST

World Bank to issue SDR bonds in China for first time

YUSHO CHO, Nikkei staff writer

SHANGHAI -- The World Bank will issue bonds denominated in Special Drawing Rights in Shanghai at the end of August -- marking a status boost for the Chinese yuan.

The float is seen comprising three-year bonds totaling 500 million SDR units. This comes to around $700 million, though the value of the International Monetary Fund's reserve asset varies based on the dollar, euro, yen and pound. Details will be announced as soon as Friday.
....


 The below posts were in our 11am newsletter
KTFA:

SlappySquirrel: Avg. Minister in the GOI makes 15 million dinar per month, which is equivalent to 15 thousand US cash.    40 (25K) notes  = 1 million dinar  15 x 40 = 600 (25K) notes.

Are we trying to raise the value while reducing the Higher denomination note count in Iraq? If they are going digital with their currency, does it matter anyways?  

DELTA:  YES......EVEN IF THEY GO DIGITAL THERE IS A LOT OF CASH WITH CITIZEN. THEY NEED ALL OF IT BACK.

Pappa-J:  YES DELTA THE CBI MIGHT WANT IT ALL BACK BUT THERE IS ABOUT A SLIM TO NONE CHANCE THAT WILL HAPPEN IF THERE IS NOT ENOUGH PURCHASING POWER ON THE DINAR GIVEN TO THE CITIZENS TO FORCE/ENCOURAGE THEM TO TURN IN THEIR DOLLARS FIRST FOR LD'S IN TURN GETTING THE 25K NOTES BACK ON LARGE PURCHASE ITEMS! BUT WHAT DO I KNOW?
 
Bonservant888:  They will work on a dual system cash and digital, but as Delta says, there is A LOT OF CASH out there. They don't have to bring it all in, but some of it to get things going, to promote use of the banks, etc. And then over time, they will continue to collect the large bills. IMO

A new rate will help motivate them. Oh, just saying that, makes me so happy!
....


 

Dinar Updates Late Saturday AM Chat  8-27-16   Part 3 of 3

cookie says():THIS IS THE NEWLY FAMOUS ARTICLE 14 FROM THE 2016 IMF MEMORANDUM ON ECONOMIC & FINANCIAL POLICIES..THAT WE DISCUSSED ON CALL....
 
rcookie says():14. The government will gradually remove remaining exchange restrictions and multiple currency practice (MCP) with a view to eliminating exchange rate distortions.
 
Such a move towards acceptance of the obligations under Article VIII of the IMF's Articles of Agreement will send a positive signal to the investment community that Iraq is committed to maintain an exchange system that is free of restrictions and MCPs for current international transactions and thus facilitate creation of a favorable business climate.
 


Dinar Updates Late Saturday AM Chat  8-27-16   Part 2 of 3

rcookie says():    Rafidain Bank directed its branches to "accelerate" in the completion of transactions of the citizens within three days
 
Author: HH, TG Editor: HH, NS 08/27/2016 12:12 Number of Views: 568   Long-Presse / Baghdad
 
Face Rafidain Bank on Saturday, all of its branches to expedite the completion of transactions of the citizens during the three-day requirement of the absence of a "legal opposed" to such transactions, and as pointed out that this procedure was to reduce red tape and overcome the obstacles in front of customers.
 
Rafidain Bank said in a statement received (long-Presse), copy of it, "director of the bank Khawla student Jabbar directed departments branches to expedite the completion of transactions all within a period not exceeding three days if there is no legal exhibitors," noting that "this decision comes in window shortcut routine and overcome the obstacles in front of customers. "
 


Dinar Updates Late Saturday AM Chat  8-27-16   Part 1 of 3


 
Holly1 says():For the first time in decades ..  intervention and non - oil imports for the Iraqi budget of 10% of the value of the budget.
If there were activating administrative reform and follow - up Hakaiqih routine to: - the IRS
 
rcookie says to Holly1():GM HOLLY!!......(F)
 
Holly1 says to rcookie():(F)
Holly1 says to rcookie():let me bring this in
subgirl says to Holly1()::) ok
 
Holly1 says to rcookie():the services of electricity, water, sewage and municipal fees
- Department of Customs.
-alsaahh Religious and archaeological entry requirement of this money to the Treasury real taxes on hotels, shops and courtyards, garages and parking lots, Phys foreigners and graphic services for the Iraqis to the Treasury and the

 

 
WSOMN:

AdminBill:  MY MORNING MESSAGE TO MY SOURCES (08/27/2016)

Saturday morning once again friends and it appears another positive week full of hope and promise is once again moving into another typical RV weekend.

The problem with this scenario is that it makes those of us, you and I, look like like we are lying to the people or are complete fools. This is not a healthy way to live life. Either do your business or get off the pot.

I believe most of us have projects we would like to get started and, quite frankly, we don't care about those "whales" that have already exchanged. They have had money and power for years and have done nothing to help anyone except themselves. It is time for real caring people to step in.

TO MY SOURCES AND THEIR SOURCES. WE REMAIN GRATEFUL. AND HOPEFUL. HOWEVER, IT IS BECOMING EVER SO DIFFICULT TO BELIEVE WHAT IS NOW SO UNCONVINCINGLY REPEATED DAY IN AND DAY OUT.

WEEK AFTER WEEK. DAY AFTER DAY.
....