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Sunday, February 28, 2016

Dinar Updates Sunday AM Chat  2-28-16    Part 3 of 3

Post From Dinar Updates 2-28-16
Chat Room Excerpts & Highlights

Dinar Updates Sunday AM Chat  2-28-16    Part 3 of 3

 
rcookie says to Holly1(    PROGRAM MONITORING
 
30. The program will have quarterly reviews and set quarterly quantitative targets on the non-oil primary balance, the stock of net domestic assets of the CBI, official foreign exchange reserves, social spending, and the absence of new external arrears, starting in December 2015 (Table 1).
 
Each program review will set a few structural benchmarks in areas that are essential for the success of the program (Table 2 contains the list for the first review). The first review should be completed by end- May 2016.
 
The government intends to demonstrate good performance under this Staff-Monitored Program to move to a possible IMF financing arrangement as soon as possible.
​~~~
Holly1 says to jeffusa(    I WISH BUT HAVE NO CONTROL ... YOU WANT THE CBI PHONE NUMBER ,,, :D

jeffusa says to Holly1(    they won't take my call
 
Holly1 says to jeffusa(    I KNOW THEY STILL HAVE ME ON HOLD AFTER TWO YEARS :D
 
rcookie says to Holly1(    Attachment II. Technical Memorandum of Understanding
1. This memorandum defines the quantitative targets for the economic program of the Iraqi authorities during the period November 10, 2015–December 31, 2016 under the Staff-Monitored Program (SMP).
 
These indicators, presented in Table 1 of the Memorandum of Economic and Financial Policies (MEFP) attached to the Letter of Intent dated December 22, 2015 reflect the understandings reached between the Iraqi authorities and the staff of the IMF.

It also specifies the periodicity and deadlines for transmission of data to the staff of the IMF for monitoring purposes.
 
David[X25SNDAUGTUKHUQWI6BTABCMVI@yahoo..] says to rcookie(    rcookie all central banks hold many different currencies and trade to balance their positions.

Why the ongoing focus on just the dollar . What this is saying is that they hired auditors to bring currency trading up to world class specs. So I am still in the dark on $ dependancy status of current auction format and the degree to which a dinar that has appriate value repairs the economy and financial system
 
Holly1 says(   Attachment II. Technical Memorandum of Understanding
1. This memorandum defines the quantitative targets for the economic program of the Iraqi authorities during the period November 10, 2015–December 31, 2016 under the Staff-Monitored Program (SMP).

These indicators, presented in Table 1 of the Memorandum of Economic and Financial Policies (MEFP) attached to the Letter of Intent dated December 22, 2015 reflect the understandings reached between the Iraqi authorities and the staff of the IMF.

It also specifies the periodicity and deadlines for transmission of data to the staff of the IMF for monitoring purposes.
 
David[X25SNDAUGTUKHUQWI6BTABCMVI@yahoo..] says to rcookie(   Nice attachment.
love it 2 says to Holly1(   i asked this to them ....... ****  ****  ****  ****  ****  ****  ****
 
rcookie says to Holly1(   A. Quantitative Targets
 
2 The quantitative targets are the following:
 
1. a floor on the stock of gross international reserves of the Central Bank of Iraq (CBI);
 
Holly1 says(   SO IF THE DINAR STAYS AT 1182... SAY A PORK CHOP GOES UP 1.50 ... WELL FROM THEM THEY SAY THEY CANT BUY PORK CHOPS .... THEY DONT EAT PORK CHOPS MY WORDS :D

rcookie says to Holly1(   2 a ceiling on net domestic assets of the CBI;
 
3 a floor on the central government non-oil primary balance;
 
Holly1 says to love it 2(   PLEASE TRANSLATE :D
 
love it 2 says to Holly1(   just asked when this might happen :D
Holly1 says to rcookie(    (F)
Holly1 says to love it 2(   2ND HALF :)
 
love it 2 says to Holly1(   awaiting their response...we got are pretty close....our "carpets" match (lol)
 
da58 says to rcookie(   thanks for all the posts! man.. and mr white!
 
rcookie says to Holly1(   4 a floor on the central government social spending;
 
5 a continuous ceiling on new external payments arrears on any existing, rescheduled and new debt of the central government and/or the CBI.
 
David[X25SNDAUGTUKHUQWI6BTABCMVI@yahoo..] says(   The IMF MOU and quarterly reviews are or have to be benchmarked to financial targets post RV otherwise they are still running with their legs tied together
 
Holly1 says to da58(   I AGREE THEY ARE SO AWESOME ..... AND PLEASE KEEP BGG IN PRAYER .... (F)
Holly1 says to da58(   THAT WAS FOR EVERYONE :)
love it 2 says to Holly1(   whats up with BGG needing prayer ?
Holly1 says to love it 2(   FOR HIS HEALING AFTER SURGERY (F)
 
rcookie says to David[X25SNDAUGTUKHUQWI6BTABCMVI@yahoo..](    AGREED...OTHERWISE WHAT WOULD BE THE POINT.....
 
love it 2 says to Holly1(   man i gotta get in here more often ...:D
love it 2 says to Holly1(   well prayers going up then ....hope all goes well and he heals fast :)
Holly1 says to love it 2(   AMEN.....
 
rcookie says to David[X25SNDAUGTUKHUQWI6BTABCMVI@yahoo..](    THERE REVIEW PSRIODICITY TO DATE HAS BEEN FOR TECHNICAL ASSISTANCE PROGRAM COMPLIANCE AND ASSURANCE THEY ARE ON PROGRAM....

Holly1 says(    BE BACK ....(F)
 
rcookie says to David[X25SNDAUGTUKHUQWI6BTABCMVI@yahoo..](    PERIODICITY*
 
David[X25SNDAUGTUKHUQWI6BTABCMVI@yahoo..] says to rcookie(   Thanks for all the confirmatory info. This site is a phenomenon . Think about it you guys are twenty light years ahead of the "global media" on a huge geopolitical event that coukd have huge positive consequences for the worlds economies. It's (this collaboration blog) incredible
 
rcookie says to David[X25SNDAUGTUKHUQWI6BTABCMVI@yahoo..](    5. Gross international reserves (GIR) of the CBI are claims of the CBI on nonresidents that are controlled by the CBI, denominated in foreign convertible currencies, and are immediately and unconditionally available to the CBI for meeting balance of payments needs or for intervention in foreign exchange markets, and are not earmarked by the CBI for meeting specific
 
Holly1 says to rcookie(   TY .... YOU ARE LIKE DOLLAR AND IRAQ DINAR ON HIS SITE HE TEACHES ABOUT THE NEW WHAT IS TO COME .... HERE YOU ALSO TEACH... TYVM.... (F)
 
rcookie says to David[X25SNDAUGTUKHUQWI6BTABCMVI@yahoo..](    payments. They include CBI holdings of monetary gold, SDR holdings, Iraq’s reserve position in the IMF, foreign currency cash, holdings of non-resident equity and debt securities, and deposits in foreign currency abroad, including foreign exchange account of the government (300/600).
 
Excluded from reserve assets are any assets that are pledged, collateralized, or otherwise encumbered; claims on residents; precious metals other than monetary gold; assets in nonconvertible currencies; illiquid assets; and claims on foreign exchange arising from derivatives in foreign currencies vis-à-vis domestic currency (such as futures, forwards, swaps, and options).
 
For program monitoring purposes, the stock of foreign assets of the CBI shall be valued at program exchange rates (¶3).
 
rcookie says to David[X25SNDAUGTUKHUQWI6BTABCMVI@yahoo..](    (y)
 
tman23 says(   November 2015....The director of the Middle East Department and Central Asia for the International Monetary Fund Masood Ahmed in a press statement............
 
he stressed that Iraq will return to economic market during the first half of next year. ........SO......Who is this DIRECTOR who made the statement ?? On the IMF website, updated and current as of Feb 28th 2016,
 
Hazem Beblawi is the Executive Director and, Sami Geadah is the alternate for the region....... http://ift.tt/19YS4ZE
 
So unless the statement can be confirmed coming from a EXECUTIVE DIRECTOR .....as Legarde said;, it then may be the opinion of underlying directors and staff ONLY !! And the official decision of the Board of Directors........
 
tman23 says(   And NOT the official decision of the Board of Directors........ Which is the one that counts !!
 
David[X25SNDAUGTUKHUQWI6BTABCMVI@yahoo..] says to rcookie(   Thanks thats the clarity i was looking for your amazing was this from the
 
jcav says(   I sure hope the attack in bahgdad by ISIS won't slow down an RV too much.
 
rcookie says(   WOW....TALK ABOUT STRETCHING TO FIT A NARRATIVE....LOL...
 
RickeyT says to jcav(   hahahahahaha lollollollollol hahahahahahaha................
 
Geofitness says(   Cookie, do you believe Tman's point is moot?
Geofitness says(   Moot due to all of the puzzle pieces that seem to point to and align with the statements above
 
jeffusa says(   Suicide bombers and gunmen attacked Iraqi army and police posts on the western outskirts of Baghdad on Sunday, killing at least 12 security forces and seizing positions in a grain silo and a cemetery, officials said.
 
The largest assault near the capital in months was still raging, said security officials who blamed Islamic State. A news agency that supports Islamic State said the group had launched a "wide attack" in Abu Ghraib.
 
Suicide bombers in vehicles and on foot attacked government positions 25 km (15 miles) from the center of Baghdad and next to the international airport, government officials said.
 
Dozens of militants driving Humvees and pickup trucks fixed with machine guns attacked from the nearby Islamic State-controlled areas of Garma and Falluja, army and police sources added.
 
The Amaq news agency said Iraqi forces had been forced to retreat from several locations.
 
jeffusa says(   But the Iraqi security sources said the militants had been forced out of a police station and several army positions and had dug in at the cemetery and the silo, part of which was set on fire.
 
A military statement said at least four suicide attackers were killed around the silo, with another 20 militants holed up inside.
 
rcookie says to Geofitness(   WONT DIGNIFY WITH A COMMENT...SPEAKS FOR ITSELF....
 
David[X25SNDAUGTUKHUQWI6BTABCMVI@yahoo..] says to rcookie(   First half of next year sounds great aft`er the world has passed Iraq by. Absurd. There is so much cash sitting around the world looking for a place to go to generat`e any income return.
 
David[X25SNDAUGTUKHUQWI6BTABCMVI@yahoo..] says to rcookie(   Thanks again
 
rcookie says(  AGREED...TIMING.....
 
thomas1 says(   GOOD MORNING IS BGG DOING OK ALONE WITH POPPY ?
 
wmawhite says to tman23(   Read for yourself.........The director of the Middle East Department and Central Asia for the International Monetary Fund Masood Ahmed
 
wmawhite says to tman23(   Listen real close.........it is NOT a decision of the IMF.....it is an expectation.........and the IMF knows Iraq better than you and better than Iraq does.
 
rcookie wmawhite: AND I AM SURE IT IS COMMON PRACTICE OF ONE OF THE MOST IMPORTANT & INFLUENTIAL FINANCIAL ORGANIZATIONS ON THE PLANET
...WHO MEET SEVERAL TIMES PER WEEK...
 
TO HAVE THEIR BOARD MEMBERS OUT MAKING ROGUE..OUTLANDISH COMMENTARY ABOUT STATUS & POLICIES TGAT RUN CUNTR INTUITIVE TO THEIR ACTUAL POLICIES.....   HMMM HOW CONSPIRITORIAL....ROFL...
 
rcookie wmawhite: COUNTER*
 
tman23 wmawhite: I Understand........ Just researching...... http://ift.tt/1RyJq4n ........ Director, External Relations
Department, IMF; since November 2008, current position.. And I was under the impression this was a statement made by Legarde.......
 
wmawhite rcookie: Oh my gosh, Charlie Brown!!!!!!
 
Dr Dave: I hear Donald has boat load of dinar
 
rcookie wmawhite: OR THE GURU WHO IS LYING LOW BECAUSE HE WAS ASKED NOT TO SPEAK
rcookie: NO..NOTHING NEGATIVE OR SYNICAL THERE....ROFL
 
rcookie says to Dr Dave(    OPINIONS NOT BASED ON FACT....BIG DIFERENCE
Dr Dave says(   ...but the IRAQIS do not know fact from fiction
 
rcookie says to Dr Dave(   NEGATIVE PRESUMPTIVE INFERENCE...
Dr Dave says   oops ....SORRY
 
rcookie says to Dr Dave   NO BUT WE DO...THE ABILITY TO APPYE REASON & LOGIC AND USE OUR THUMBS....
 
Dr Dave says   The IRAQI GOI are wonderful caring people......
Dr Dave says   that work diligently to provide the needs of the people
Dr Dave says   Have yet to hear much on Sadr's tea party in the Green Zone
 
rcookie says   IRAQ'S PARLIAMENT PLANS TO APPROVE THE FINANCIAL COURT ACT
 
February 28, 2016   BAGHDAD / IBN  Committee announced its economy and investment representative, for the determination of Parliament approve the financial Court Act, which puts Iraq under the international standards, which help him to recover all his money contraband.
 
A member of the committee MP Ahmed Salim in a press statement that the invitation to the President of the House of Representatives to approve the Financial Court Act, it means that the law will be on the parliament's agenda in the coming period is to be read and then passed.
 
He added that this law will be through the establishment of special financial court, which will make Iraq as part of the Great State and subject to international standards, which will help him to recover his money contraband and reduce money laundering and financial corruption
 
http://ift.tt/24weJnH; bad link
Read More :http://ift.tt/1RyJr8t; bad link
 
Woodywoodpecker says    dang, i went to sleep and nearly fell off this limb

Dr Dave says    is it because they never had this act that they were unable to recoup looted funds previously?

Dr Dave says    And then Vote....YEESH
Dr Dave says    RC..... I need a slap 
rcookie says    IF YOU WERE A CORRUPT LEGISLATOR OR JUDICIAL..HOW MOTIVATED ARE YOU TO PASS ENFORCE AND P[ROSECUTE LAWS THAT WILL EXPOSE..END..AND INCARCERATE YOUR INVOLVEMENT IN THOSE ACTIVITITES....
Dr Dave says    hehe
 
rcookie says   OBSTRUCTIONIST....PERSONIFIED....SAME PRINCIPAL TO WHO IS FIGHTING TO KEEP THE AUCTIONS GOING.....

rcookie says    PRINCIPLE*

Dr Dave says    SADR SADR...he is our man...if he cant do it no one can
 
Dr Dave says    SADR's recent photos.....was he actually grinning??

rcookie says   JABOURI SAYS ABADI MEETING WITH HEADS OF BLOCS (BLOC HEADS)NEXT WEEK TO FORM TECHNOCRATIC GOVERNMENT...
da58 says to Dr Dave   (lol)
 
rcookie says to Dr Dave   HE ALWAYS LOOKS SALTY...LIKE HES GOT A PERMANENT WEDGY!!!

LLN65 says to Loopback   Hey BGG!! Hope you are recuperating well!! (F)
da58 says to rcookie   sure does!!

Dr Dave says   I thought he looked at least content...somethings up

 
 Read More :http://ift.tt/24weKYE


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