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Sunday, January 24, 2016

Rcookie & Member Chat  1-24-16   Part 2 of 2

Post From Dinar Updates 1-24-16
Excerpts & Highlights

Rcookie & Member Chat  1-24-16   Part 2 of 2
 
 
rcookie says():THE CBI GOT SMACKED AROUND BY NUMEROUS PEOPLE YESTERDAY...LUMPED UP...
larrykn says():cool, maybe that will put a fire under them :)
 
rcookie says():DID EVERYONE SEE AND DIGEST.
rcookie says to nick():GM NICK!
 
larrykn says():no I didn't

rcookie says   LIKE IRAQ IS DOING....IRAN ANNOUNCED YESTERDAY AGREEMENTS WORTH $60 BILLION YESTERDAY WITH CHINA....
rcookie says():DO YOU WANT TO SEE AGAIN..
~~~
samson says():  http://ift.tt/1Ptoq1m
 
 msdiva says to rcookie():would it be wise to invest in Iran or is it a waste just asking is all
 
rcookie says():Advisor to the prime minister: Central Policy distorted and his insistence on raising the dinar threatens economy
 
[Baghdad - where]  accused of economic affairs adviser in the prime minister, the central bank following the policy of "distorted, and inconsistent," the shadow of the financial crisis in the country.
 
http://ift.tt/1Ptos9x

cookie says():STARTS OFF SMACKING CBI A LITTLE...
 
rcookie says():  Said Abdul Hussein Al-Anbuge, he told all of Iraq [where], "Carry the CBI large responsibility for the adoption of a distorted and inconsistent monetary policy, the current time, it is an incentive policy,
 
when the Central Bank lent banks up to 6.5 trillion dinars to support investment in important productive sectors to face the slide about the enormous recession, which has ahead of us, which is true conduct and support, "noting that" this recession Snnzlq him probably caused by a decline in Iraq's foreign exchange earnings.
 
rcookie says():  OK.....READ THIS SLOWLY.....
rcookie says():   "He pointed out that the bank" is long overdue to make the exchange rate adapts to the size of the deficit in the public budget, the deficit in the budget great rates exceed 30% of GDP, "he said."
 
 If he insisted [the central bank] to maintain the high rate of the dinar against the dollar for fear of compromising the Iraqi dinar, the entire Iraqi economy will be threatened, we will put the economy at the top of the sweeping crisis rather than put it in less dangerous angle ".
 
rcookie says(): CBI IS LONG OVERDUE TO MAKE EXCHANGE RATE ADAPT TO THE SIZE OF DEFICIT IN PUBLIC BUDGET......
rcookie says():NO...MUCH MUCHMORE...
 
rcookie says():IF THEY CONTINUE TO POSITION DINAR AGAINST DOLLR AT SAME RATE THERE ECONOMY WILL COLLAPSE....

rcookie says(): ACTUALLY ASSIGNING AGAINST BUDGET DEFICIT ANT 30%...
 
rcookie says(): Anbuge and pointed out that" all countries of the world have sought to ease their exchange rate to maintain its economy, China, for example, lowered repeatedly and even important oil-producing countries has reduced the price of their currencies repeatedly, but Iraq,
 
 it has exhausted the foreign exchange reserves in order to keep the exchange rate of the Iraqi dinar, Otherwise it is possible now with the delays that happened that we could gradual reduction of the price of the dinar exchange management after months maybe we will lose this option and we could not therefore have been forced to leave the dinar prone to float and happens to us a mess.
 
rcookie says():Otherwise it is possible now with the delays that happened that we could gradual reduction of the price of the dinar exchange management after months maybe we will lose this option and we could not therefore have been forced to leave the dinar prone to float and happens to us a mess.
 
rcookie says():we could not therefore have been forced to leave the dinar prone to float and happens to us a mess.
CanuckLady says to rcookie():A mess they have
 
rcookie says():HERE IS PART ABOUT INVESTMENT CLIMATE REALITIES....
larrykn says():rcookie is that saying they could be forced not to float
 
rcookie says():"He continued," I Osail CBI How do you ask of investors the real adoption of the feasibility of precise calculations to borrow from the amounts allocated by, and you are at the same time suppressing their competitiveness at the exchange inordinate dinar.
 
rcookie says():HOW DO YOU LOOK FOR INT'L INVESTMENT...WITH A SUPRESSED NON COMPETITIVE DINAR RATE....
 
rcookie says():"felt Counselor for Economic Affairs in the Prime Minister said," This means that we encourage the whales of businessmen to borrow and leak money one way or another again about the trade sector, without having to create a record and the generation of the entry and the face of the recession.
 
Tex1 says to rcookie():Was wondering why that wasn't talked about yesterday...sounds important to Me.
larrykn says():he told them :)
 
rcookie says():MONEY NOT STRUCTURED TO STAY INSIDE IRAQ...
larrykn says():that sounded real important to me
larrykn says():like get off your Axx and do this now :)
 
rcookie says():AND THIS IS WHAT HAPPENS AS RESULT...
 
rcookie says():"He stressed that" to keep the official exchange high dinars with the decline in the amount of foreign exchange in the economy, the price will create a black market for currency inevitably, will grow large speculators layer subsist on it, as it escapes part of the demand on the dollar, a large part of the display to the specific categories of white market toward the black market.
 
OK GUYS....PLEASE READ THIS SLOWLY....
CanuckLady says to rcookie():oh oh Black Market
 
rcookie says():"He continued Anbuge" Once again mortgaging this market mafia of speculators ", stressing" We must move quickly to reduce the dinar exchange rate as we move the application of customs tariffs and rates higher than found in customs tariff law to create a profitable opportunity for genuine investors in the productive sectors, and to block the road in front of crises traders.
 
rcookie says():We must move quickly to reduce the dinar exchange rate as we move the application of customs tariffs and rates higher than found in customs tariff law to create a profitable opportunity for genuine investors in the productive sectors, and to block the road in front of crises traders.
 
larrykn says():I like that idea
samson says():I'm waiting for my opportunity to profit
 
rcookie says():THOSE COMENTS & QUOTES ARE FROM ABADIS ECONOMIC AFFAIRS ADVISOR...ABDUL AL-ANBUGE........
 
kayb says():Well, put that man 'in charge'!!
larrykn says():he as great thoughts :)
samson says):so exciting rcookie
larrykn says():now if they listen to him maybe we will see what we been waiting on :)
 
rcookie says():SOMEONE IS ACTUALLY LOOKING AT EXCHANGE RATE TO BEING COMMENSURATE WITH SPIRALING BUDGET DEFICIT......
 
Tex1 says to rcookie():How is the "removing the muliple currencys " coming along??
 
rcookie says():"He pointed out that the bank" is long overdue to make the exchange rate adapts to the size of the deficit in the public budget, the deficit in the budget great rates exceed 30% of GDP, "he said."
 
If he insisted [the central bank] to maintain the high rate of the dinar against the dollar for fear of compromising the Iraqi dinar, the entire Iraqi economy will be threatened, we will put the economy at the top of the sweeping crisis rather than put it in less dangerous angle ".
 
rcookie says):STARTED AT 22.8%...ALREADY OVER 30% WITH OIL DIVE...CAN YOU SAY PRESSURE!!!
 
rcookie says():IF CBI MAINTAINS HIGH RATE OF DINAR AGAINST DOLLAR=DOWNFALL OF IRAQ ECONOMY....
 
Tex1 says to rcookie():Is the IMF adviseing them also about this.?
 
rcookie says():THE IMF..WB..& UN ARE MONITORING & OVERSEEING EVERY ECONOMIC & FINANCIAL POLICY AND ACTION...

INCLUDING EXECUTING 2016 BUDGET AND TRANSFER OF POWERS TO THE PROVINCES.....

Tex1 says to rcookie():Wonder why they don't listen
 
rcookie says to Tex1():THEY ARE LISTENING...AND IN COMPLIANCE WITH EVERY SINGLE MANDATE TASKED TO THEM..AND DELIVERED MOST EARLY........
Hutch says to rcookie():A tie in ?
 
Hakim emphasizes the importance of rethinking banking system  LINK

 
rcookie says to Hutch):YES...BUT 2 THINGS...REMEBER THIS WEEK WORLD BANK AT DAVOS CONFERENCE COMMITTED TO ASSIST IRAQS RESTRUCTURE OF BANKING SYSTEM....
 
AND THAT WILL BE PART OF TE PRIVATISATION OF IRAQS 2 STATE BANKS..RASHEED & RAFIDAIN......
 
Tex1 says to rcookie():If they advised them to change the " exchange rate" then they are trying to remove the dollar to complete the procedure,,,???
Hutch says to rcookie():ok
 
rcookie says to Hutch():THEY ARE NOT EFFICIENT...(AND CORRUPT) WITH GENERAL BANKING STANDARDS & PRACTICES....
 
AND MORE IMPORTANTLY BECAUSE OF THEIR IMMENSE SIZE AND RATIO OF TOTAL BANKING ASSETS....AND SMALL RETURN TO GDP...
 
ACTUALLY UNDERMINE THE COMMERCIAL & INDUSTRIAL DEVELOPMENT LOAN PROGRAMS WHICH ARE STALLING THE PRIVATE SECTOR PROCESS......
 
Hutch rcookie: AND SMALL RETURN TO GDP...
 
rcookie Tex.: THEY ARE...AND HAVE BEEN TRYING TO STABILIZE THE DINAR AGAINST THE DOLLAR WITH THE AUCTION PROGRAM WHICH HAS FAILED MISERABLY BECAUSE OF CORRUPT BANKS IN PROGRAM WITH CBI

AND YET WITH ALL THIS GOING ON HAVE STILL MANAGED TO REALIZE 2.3% INFLATION LEVEL.........ASTOUNDING......
 
rcookie says to Tex1():THE AUCTIONS WILL STOP.....BUT BELIEVE IT OR NOT...THE ENTITIES TRYING TO KEEP TEM GOING...ARE THE CORRUPT WHALES IN PARLIAMENT AND BANKING WHO DONT WANT TO LOSE THEIR MASSIVE CASH COW!!!
 
rcookie says to Tex1():HOLLYS BANKER FRIEND EVERYDAY GIVES BOOTS ON GROUND INSIGHT TO STREET AUCTION REACTION TO RATES AND IMPACT...
 
larrykn says():rcookie if the whales are trying to keep the auctions going that might be why we are not seeing them revalue, maybe its time to change a few people out of parliment
 
rcookie says to Tex1():THEY HAVE BEEN TWEAKING THE RATE...BUT AS YOU READ IN THAT REPORT...

THEY ARE FINALLY CALLING TO ALIGN RATES TO FACTOR IN THE BALOONING BUDGET DEFICIT WHICH THEY SAY IS NOW OVER 30% AND GROWING DAILY....
 
rcookie says to larrykn():GREAT POINT LARRY....WHICH MAY EXPLAIN THE MASSIVE....MASSIVE...NES OF MAJOR CABINET RESHUFFLE OF BIG NA ES YESTERDAY....
 
rcookie says to larrykn():NEWS*
 
larrykn says():there had to be a reason for that to take place and this news imo is why
 
rcookie says to larrykn():THIS IS THE ABADI CABINET RESHUFFLE....DA58 TRANSLATED LAST NIGHT...
Horsegal says():woohoo
 
rcookie says to larrykn():http://translate.googleusercontent.c...yFtGPAcdJo9J9Q LINK

 
rcookie says to larrykn():WAIT TILL YOU SEE THOSE NAMES AND CABINET POSITIONS....
 
LLN65 says to rcookie():good morning!! We appreciate all you do!! (F)
Horsegal says():Ditto LL65
Horsegal says():So, this could speed up the RV?
monique13 says():wow!
 
larrykn says():rcookie just read that, I see some of those people were in Maliki cabnet too mmmm

Tex1 says to rcookie():Thanks for clarification...keep it coming.

rcookie says to larrykn():HOW ABOUT ZEBARI AND JAAFARI......
rcookie says to larrykn():WOW!!
larrykn says():really wow
 
rcookie says to larrykn():NEW INTEGRITY CHAIRMAN COMING.....
larrykn says():they are not messing around now

FatherofThunder says():that is huge!
Horsegal says():Do these replacements start immediately?
 
rcookie says to larrykn):DOESNT SAY...AND THAT WAS FROM LAST IGHT AND WAS ONLY SOURCE...LIKE TO GET SOME OTHER THIS MORNING....

Horsegal says():Really exciting!!
larrykn says():I would think they will waste no time on replacing them , matter of days
Horsegal says():Sure hope so :)
 
rcookie says to larrykn():YOU KNOW THAT ABADI AND CARTER MADE JOINT STATEMENT THAT US FORCES BOOTS ON THE GROUND IN MOSUL AND RAQQA LIBERATION..........

Horsegal says():woohoo
larrykn says():really didn't see that , us boots?
larrykn says():I didn't think Obama would do that but then he did put some 5000 troops over here
 
wiley says():Did anyone see Joel Osteen this morning ? He was talking about ACCELERATION--AMOS 9:13

da58 says():no, was watching legarde on bloomberg..
 
rcookie says(9):IRAQ ASKING US & COALITIIN NATIONS TO TRAIN THEIR POLICE FORCE...
 
rcookie says():ZEBARI HOSTING PRESIDENT OF SHELL OIL DISCUSSING FOREIGN DUES TO OIL COMPANIES AND INDUSTRY DEVELOPMENT & INVESTMENT ACTIVITIES....

rcookie says(ABADI APPROVED LARGE ALLOCATION TO REPAIR MOSUL DAM...ALREADY BEING GUARDED & PROTECTED BY US AND ITALIAN FORCES......


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