Don't WAIT!

Sunday, September 20, 2015

News, Rumors and Opinions in Dinarland Late Sunday Morning 9-20-15

TNT:

Elmerf123456:  Another Sunday morning and here we sit! Waiting for someone's button to be hit! Emotions ride high high and some stay up late! To catch a wink of the RV Fate! Control your emotions in this daily grind! On our own the RVs hard to find! Nevertheless stand tall like a tree! Changes in life is coming to thee! Search and hopes were not in vain! As we prepare to receive this financial gain! Elmer

@IraqDaily: Iraqi bank uses 'Qi Card and MasterCard,' to pay employees and retirees' salaries http://ift.tt/1V3ab0h; #Iraq

ChrisTNT52:
  could someone explain the significance of the iraqi salaries on the q cards? I really don't understand.

Cleoman:
  ChrisTNT52 I think once they started getting paid , we are to RV then, I believe that is correct, not 100 percent sure.
....
CloudWalker:  Chris, in short, my understanding is this: Tony has long said that we will get paid when the everyday Iraqi people get paid. On Friday, tony said, "Someone is about to get paid." I believe he meant the Iraqi people. And, therefore, we would do then follow.

Angel11:  I have a question for you. In order to have the cards be international, there has to be an international rate, correct? Is that their way of announcment? Does that mean the RV has to happen today? Thanks in advance.

Cleoman:
  Angel11, yes that has been my understanding when it's going like that it is then international

Elmerf123456:
A lot of us are confusing the rate we are looking for versus the rate on the QI card for the employees and retirees of Iraq those rates are based on oil credits and have nothing to do with their people !  International presence is the most important significant thing in the last couple laws that are being passed with money laundering and banking reform… speaks major volumes on a grand scale

Cloudwalker:
  So, by the Iraqis getting paid on their Qi cards, the process has started.

Elmerf123456:
  Angel. This is a very complex thing for most to understand. The principle here is if the money is flowing in country ….and out of country we’re that much closer

Angel11:
  I was just expecting things to have happened this weekend. I'm happy for them, but wanted to be happy for us too.

Elmerf123456: 
You may not be able to see it but this is been a great weekend of major accomplishments

Menshie2:
  IMO - sounds like the gov people will be paid Sun and Tues. Tony has said that we will not get paid till after the everyday people are paid. And with EID ahead of us I believe that it will be after the holiday. But I hope I'm wrong! Lol

Iko Ward:
  ISX moved up another 1%. Nothing else on my end.

ExtremeBusiness:
  So iraq is electronically international connected , so now we wait for monday?

************

Winneriam:
  Will the Pope's visit to America kick off this RV finally?

I am thinking it certainly has something to do with it. I cannot imagine an Event of such magnitude going on without his input concerning a world global reset. Tuesday the 22nd of September he arrives. Let's keep our hopes up with this coincidence. 

http://ift.tt/1Mkrdpr

************

Via95vl:
  China hopes for good news on IMF currency basket

China hopes for good news on IMF currency basket: Jin Zhongxia, Chinese representative

By Reuters | 18 Sep, 2015, 11.52PM IST

WASHINGTON: China is well placed to meet the criteria for inclusion in the International Monetary Fund's benchmark currency basket, the country's representative at the international lender said on Friday. 

Beijing has launched a major diplomatic push for the yuan's inclusion in the IMF basket as part of its long-term strategic goal of reducing dependence on the dollar and France said on Friday it would back the bid. Jin Zhongxia, executive director for China on the IMF's policy making board, said China would respect the IMF's decision on whether to include the yuan currency in the Special Drawing Rights (SDR) basket, but was hoping for a positive outcome. 

The yuan, also known as the renminbi, was already ranked as a top exporting currency, he said. "More importantly, China can potentially satisfy all of the operational requirements for being a reserve currency in the SDR basket," Jin said at an Atlantic Council event. China had an active currency market, had recently liberalized interest rates and opened interbank bond markets and would soon open its currency market to foreign institutions, he said. The IMF's executive board is scheduled to decide in November whether to add the yuan to a basket of currencies comprising dollars, euros, pounds.

One of the criteria is that the yuan be "freely usable," or widely used to make international payments and readily traded on foreign exchange markets. Jin said the currency may be nearing its equilibrium exchange rate.

China has been using foreign exchange reserves since mid-2014 to support the yuan after pressure on the currency intensified since a surprise devaluation on Aug. 11.the
move sparked turbulence on global markets and was one reason the U.S. Federal Reserve cited as driving its decision to refrain from hiking rates on Thursday.

But Jin said the market reaction, while possibly "irrational," also showed the importance of the currency. "This is rare, even for some of the SDR basket currencies. So clearly if the renminbi is not that important, the world would not bother to pay so much attention," he said.


Read more at:

http://ift.tt/1V3ab0j

*************

Dinar Updates: 

Q.  [September is history...especially with Parliament out till the 29th...  ...why the wait if they are in such a hurry?]

Poppy3   international banking rules and regulations they haven't met yet...the international banking laws approved and met but their government and international rules keepers like the IMF, WB, UN FINANCE COMMITTEE. ETC ETC.  ...these are all things they are pushing as fast as possible daily now but governments and legals move slow in...regardless of the hurry.

WE ARE IN GREAT PLACE AND OUR INVESTMENT GETTING MORE PROMISING EVERYDAY.
KTFA:

don22250  They don't need a new rate, they will use the 1,166 rate of Iraq and convert it into the currency of what ever country the person is in at the time. They can't use the dinar in any other country other than Iraq. So as an example if they were in the United States and need one hundred American dollars their card would be debited 116,600 dinar.IMO

************

BillA:  Ok, I'll take a shot at this from what we have learned and if my statements are wrong, please someone correct them.

 You cannot convert a currency that is not Internationally recognized and yes, once internationally recognized they can stay at 1166 Dinar's to the Dollar but it would have to become an INTERNATIONAL rate.

This could bring up two scenarios, a Managed Float and a Free Floating Rate. If they go with a Managed Floating rate (at 1166), they would only be able to increase the rate by 2% incrementally and they would only be allowed to change the rate quarterly??? (if memory serves me correct LOL).

If this were the case, it would take forever to bring the Dinar back to have purchasing power, which is what the Iraqi's have said for some time now is their goal.

Second scenario would be the Free Floating rate. If the Iraqi's brought out the Dinar at 1166 with a Free Float, the supply and demand alone would drive the exchange rate through the roof (we have been told many times that large investors know or at least have a good idea what this countries value is really worth).

Either way, in order for another country to give an Iraqi citizen their pay from these cards, the Dinar would have to be recognized Internationally.

There might be a third scenario, however someone smarter than me would have to chime in on the correctness of the statement. The Iraqi's could use their reserves and pay the citizens (in foreign countries) with that countries currency but IMO that would create chaos within the banking system of Iraq.

I guess that what I am trying to get at is that the Iraqi Dinar would be recognized INTERNATIONALLY.

Blessings to you Don22250

************

Dnari131:  Some Iraqis ditch fight against Islamic State for life in Europe
Source: Reuters - Sun, 20 Sep 2015 10:36 GMT
Author: Reuters


* Some army, police, militia fighters, peshmerga have deserted

* Questions cohesion of Western-backed security forces

* More than 50,000 civilians have left in past three months

By Saif Hameed and Stephen Kalin

BAGHDAD, Sept 20 (Reuters) - Some Iraqi soldiers are abandoning their posts and joining a wave of civilian migrants headed to Europe, raising new doubts about the cohesion of the country's Western-backed security forces in the fight against Islamic State militants.

Interviews with migrants and an analysis of social media activity show scores of fighters from the national army, police and special forces as well as Shi'ite militias and Kurdish peshmerga have left in recent months or plan to go soon.

They join more than 50,000 civilians who have left Iraq in the past three months, according to the United Nations, part of an even larger exodus from neighbouring Syria and other conflict zones across the Middle East.

The inability of Iraq to retain its soldiers threatens to further erode morale in a military that has partially collapsed twice in the past year in the face of the Islamic State militant group.

It could also undermine the efforts of a U.S.-led coalition that has spent billions of dollars training and equipping Iraqi forces to take on the militants.

A spokesman for the Iraqi defence ministry said the military was not concerned about the migration of soldiers, which he put in the "tens" out of a security force estimated to number in the tens of thousands.

"The armed forces are performing their duties. There is no reason to be worried," said General Tahsin Ibrahim Sadiq.

But Saed Kakaei, adviser to the minister of peshmerga forces in northern Iraq's Kurdistan region, said while he could not provide a specific figure for how many peshmerga forces had left, the numbers were "concerning".

The soldiers' departure highlights a pervasive sense of hopelessness among many Iraqis more than a year after Islamic State seized a third of their country's territory, threatened to overrun the capital and declared a modern caliphate.

Despite driving them back in some areas, members of the security forces say they are leaving because they face daily offensives by the insurgents, sectarian violence, and economic depression.

Many in the security forces are also frustrated and disillusioned with elected officials, who they allege abandoned them on the frontlines, while failing to provide adequate resources and enriching themselves through graft.

"Iraq is worth fighting for but the government is not," said a 22-year-old SWAT policeman who decided to emigrate after his brother was killed in battle earlier this year at the northern Baiji refinery where he was also posted.

"There is no concern for us at all. The government has destroyed us," he told Reuters, saying Baghdad's failure to reinforce soldiers had caused avoidable losses in a battle that has dragged on for more than a year.

Control of neighbourhoods in Baiji, about 190 km (120 miles) north of Baghdad, has changed hands many times. Authorities said in July they had recaptured most of the town, but Islamic State attacked central neighbourhoods days later, forcing pro-government forces to pull back.

Others echoed the policeman's concerns. A 33-year-old special forces member who was based in western Anbar province - an Islamic State stronghold - said he had lost any reason to stay, and joined 16 fellow soldiers who smuggled themselves to northern Europe last month.

"We were fighting while the government and political parties made it their mission to make money and officials sent their children to live abroad," he told Reuters via online messaging.

"What drove us to leave was seeing our guys getting wounded, killed or maimed, and nobody cared."

Baghdad launched a campaign to retake the Sunni heartland of Anbar after the provincial capital Ramadi fell in May, leaving only a few government holdouts across the sprawling desert territory.

But fighting has progressed fitfully with sectarian tensions coming to a head and ground advances delayed by explosives planted by Islamic State along roads and in buildings.

A special operations member based in Ramadi said the elite unit alone had seen more than 100 fighters leave for Europe in the past six months. Reuters could not independently verify this.

Many soldiers who left have changed their Facebook profiles from portraits in fatigues beside tanks or holding machine guns to photos riding bikes or relaxing in parks in Austria, Germany or Finland.

"MERELY TENANTS"

Iraqis have long complained of corruption and mismanagement in the government, including the armed forces. An official investigation last year found 50,000 "ghost soldiers" on the army's books. The "ghosts", the report said, helped fuel the military's collapse in June 2014 in the northern city of Mosul.

These men were on the army payroll but paid their officers a portion of their salaries and in return did not show up for duty, enriching their commanders and hollowing out the military force.

Iraq has since come to rely heavily on Shi'ite militias and volunteer fighters, grouped under a government-run body called the Hashid Shaabi. But even some Hashid, who were called to take up arms by the country's top Shi'ite cleric, are leaving.

A 20-year-old Shi'ite fighter from the eastern province of Diyala, who declined to identify himself or the specific militia he belonged to, said pro-government forces receive inadequate support to fight Islamic State.

He recently made a month-long journey to Sweden to join two cousins who are themselves former Iraqi police officers.

"You cannot fight a war or live in a country under these circumstances," he told Reuters via Facebook from the Stockholm area. The politicians "ransacked the country in the name of religion. Iraq is not ours anymore; we are merely tenants."

Reuters could not independently verify the fighter's identity.

Hashid spokesman Ahmed al-Asadi could not provide an accurate count for fighters who had migrated, but said the government needed to do more to keep young Iraqis from leaving.

Reforms launched last month by Prime Minister Haider al-Abadi seek to end a system of ethnic and sectarian quotas that has spawned corruption and mismanagement. The reforms also aim to improve accountability in the military and other state institutions.

But the initiative, hindered by bureaucracy and political jockeying, has led to few noticeable gains on the battlefield or improvements in people's daily lives; many lack basic services such as electricity.

Though Iraqis have been fleeing poor government, violence and economic hardship for decades, recent policy shifts in Europe have presented a fresh opportunity to escape.

Looking on this summer as refugees from neighbouring Syria received a warm reception in Europe, many decided to leave at short notice, using Facebook and other social media to plan their trips.

The United Nations estimates hundreds of thousands more could leave Iraq in the coming months.

But the soldiers arriving in Europe face an unknown future. A spokeswoman for U.N. refugee agency UNHCR said those judged to be former combatants would not be granted refugee status. (Additional reporting by Isabel Coles in Erbil and Tom Miles in Geneva, Editing by Timothy Heritage)

We welcome comments that advance the story through relevant opinion, anecdotes, links and data. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of the Thomson Reuters Foundation. For more information see our Acceptable Use Policy.

http://ift.tt/1FnHrxq



via Dinar Recaps - Our Blog http://ift.tt/1V3ab0m

No comments:

Post a Comment