Post From Dinar Updates 2-17-16
Chat Room Excerpts & Highlights
Dinar Updates Monday Afternoon Chat 2-17-16 Part 1 of 2
rcookie says to Loopback MONETARY & FISCAL UNNING IN HARMONY TO ACHIEVE FINANCIAL STABILITY...LEADING TO DESIRED ECONOMIC STABILITY....
clay says to rcookie sorry but I am lost whats it all mean
jeffusa says to clay( your just looking for a date and rate... lol
clay says to jeffusa hey buddy :)
clay says to jeffusa arent we always
Martha Sue says to clay I'm with you Clay ... ready for date and rate too! :D:D
jeffusa says to clay 40 more days till I start my 12th year of waiting
clay says to jeffusa lets hope it doesnt get there
Loopback says to rcookie Kind of spells out what they are wanting to do.
~~~
Chat Room Excerpts & Highlights
Dinar Updates Monday Afternoon Chat 2-17-16 Part 1 of 2
rcookie says to Loopback MONETARY & FISCAL UNNING IN HARMONY TO ACHIEVE FINANCIAL STABILITY...LEADING TO DESIRED ECONOMIC STABILITY....
clay says to rcookie sorry but I am lost whats it all mean
jeffusa says to clay( your just looking for a date and rate... lol
clay says to jeffusa hey buddy :)
clay says to jeffusa arent we always
Martha Sue says to clay I'm with you Clay ... ready for date and rate too! :D:D
jeffusa says to clay 40 more days till I start my 12th year of waiting
clay says to jeffusa lets hope it doesnt get there
Loopback says to rcookie Kind of spells out what they are wanting to do.
~~~
jarhead says to Loopback( what do they want to do
clay says to jarhead that was my question
jarhead says fill me in pls
rcookie says to Loopback (y)
jarhead says to rcookie so whats new in DSI
Loopback says to jarhead They are trying to make their monetary and fiscal policies to be the same in order to create a stable monetary envornment. THis lines up perfectly with what the IMF wants to see.(y)
jeffusa says to Loopback thanks
jarhead says then line right on up into my account!! :D
jarhead says excuse me...............BOOTS :D
_firefly_ says( Iraqi PM offers to pay Kurds’ salaries if Kurdistan halts its independent oil exports
Posted on February 16, 2016 by Editorial Staff in Economy, Politics, Politics
Iraqi Prime Minister Haider al-Abadi. Photo: AFP
BAGHDAD,— Iraq’s federal government will pay the salaries of the cash-strapped Kurdish region’s employees if it halts its independent oil exports, Prime Minister Haider al-Abadi said Monday.
Iraq’s autonomous Kurdistan region, facing a financial crisis due to low oil prices, has announced its employees will be paid partial salaries until further notice and that months of unpaid wages will be considered loans to the government.
“Give us the oil and I will give every employee in Kurdistan (their) salary,” Abadi said in an interview with Iraqiya state television.
rcookie says DISCONNECTING THE LINK BETWEEN MOF AND 2 STATE BANKS WHILE PRIVATIZING & BREAKING UP....
jarhead says thats great ifabadi holds up his end
jeffusa says to jarhead “Give us the oil and I will give every employee in Kurdistan (their) salary,” Abadi said in an interview with Iraqiya state television.
Loopback says to _firefly You mean the temporary oil agreement between Erbil and Baghdad?
_firefly_ says to rcookie IMO it's done, just renamed
rcookie says to _firefly= NOW TAKE THAT...AND FACTOR I THE LAUNCH OF NATINAL OIL COMPANY...WHICH WILL DELIVER STRONGER CONTRACT & LICENSING POSITION WITH OIL COMPANIES....AND THE VEHICLE TO GET OIL ROYALTY SHARES TO PROVINCES & CITIZENS....
jarhead says so leaving us behind in information
_firefly_ says to rcookie BIGO my friend !
_firefly_ says to rcookie BINGO
_firefly_ says to rcookie( Those articles are lagging so bad lol
jeffusa says to jarhead took the grandkids to see Kung Fo Panda 3.... there was a part that the villian was talking and the Panda kept saying chit chit chat chat chit chit chat chat... over and over again... reminds me of Iraq
jarhead says lol
templejc says MY HAND IS RAISED ::: SHOULD WE PUT OUR RV CLOTHS TOGETHER AND GET READY YO VISIT THE BANK?
clay says to templejc lol good question
jeffusa says to templejc naw ... buy new ones
jarhead says u need deodorant (lol)
templejc says to jeffusa AND YOUR CREDIT CARD NUMBER IS ____ ____ _____ ____? (lol)
jeffusa says to templejc use your dinar.... geez.....
luvmydream says GM all
templejc says to jeffusa I NEED CLOTHS TO GO TO THE BANK BUDDY
subgirl says to luvmydream GM :)
jeffusa says to templejc go naked... I bet you would get faster service
clay says to templejc Im gonna streak 8-)
jarhead says Lord help us
rcookie says CBI ARTICLE HAS HUGE STATEMENTS WITHIN.........
templejc says to jeffusa OK BUDDY I WILL - BREAKING NEWS ::: JEFFUSA WILL BAIL ME OUT OF JAIL
jeffusa says to templejc you know it
templejc says to rcookie STELLER NEWS ALL MORNING
rcookie says HUGE....HUGE....HUGE....HUGE!!
rcookie says to Hutch WELL SAID...IT SURE DOES....
HEARTLAND says rcookie & firefly...I have been reading your comments for several days. Are you both feeling that we have a good chance of reaching our goal by the end of this month? Thanks
_firefly_ says to HEARTLAND IMO it can happen at the blink of an eye
templejc says to BGG TIME FOR A QUESTION?
templejc says to BGG THE POST IN THE OBSERVER REGARDING THE GREEN ZONE AND THE MARCH 3RD DATE - DO YOU BELIEVE IN THAT OPINION? OR IS THIS THOUGHT JUST A BUNCH OF WISHIN OR LEFT FIELD THINKING?
jarhead says he must be busy
templejc says to jarhead YOU CAN ANSWER - BUT I REFUSE TO GET OUT OF LINE :D
jarhead says wow lol thanks lol
rcookie says= WHEN LOOKING AT THE CBI STATEMENT TODAY ABOUT THE NEED FOR HOMOGENEITY OF MONETARY & FISCAL POLICY AS EFFECTIVE RESPONSE TO THE CRISIS...
AND ACHIEVING FINANCIAL & ECONOMIC STABILITY...BY LEGISLATING THE UNZIPPING OF THE LINK BETWEEN GOV'T BANKS AND THE MINISTRY OF FINANCE....
SO THEY CAN BE RESTRUCTURED TO IMPLEMENT LAWS & INSTRUCTIONS SMOOTHLY....(WHICH ALSO IS AN IMF MANDATE IRAQ WILL HAVE DONE BY END OF MONTH)...
rcookie says I POSTED INFORMATION OF HISTORY OF STATE BANKS AND RELATIONSHIP OF FINANCE MINISTRY FROM THE CIA WEBSITE YESTERDAY....
rcookie says I POSTED INFORMATION OF HISTORY OF STATE BANKS AND RELATIONSHIP OF FINANCE MINISTRY FROM THE CIA WEBSITE YESTERDAY....
templejc says to rcookie THANKS FOR THAT
rcookie says TO CONSIDER AS THE STATE BANKS ARE BROKEN UP AND PRIVATIZED....
jarhead says see and u didnt get out of line
rcookie says In response to Rafidian Bank’s inability to service the country’s banking needs, in the early 1970s the CBI and the MoF proposed to the government that a new state-owned bank be licensed.
As a result, in 1988 Rasheed Bank, also owned by the MoF, was licensed. In addition to serving the private sector, Rasheed Bank and Rafidian Bank soon took over much of the banking business of state-owned enterprises, relieving CBI of that function.
rcookie says MOF OWNS THESE BANKS!!!!!!!!
templejc says to jarhead (lol) I DONT LIKE LINES
jarhead says lol
rcookie says The Ministry of Finance was responsible for overseeing budgets of several ministries as well as the state-operated banking system. Currently, the six state-owned banks (Rafidian, Rasheed, the Agricultural, the Industrial, the Real Estate, and the Socialist) account for about 93 percent of banking system assets. There are also 18 private banks with capitalization of $25 million and deposits of $107 million.
templejc says to jarhead OK - GOT TO GO GET SOME FOOD - RCOOKIE YOU GUYS ROCK - THANKS FOR ALL YOU BRING THE THE HOURS YOU SPEND ON US THE UNINFORMED
rcookie says The 18 private banks were established in an effort to handle local depositors’ financial needs and reform as well as modernize the banking sector. These banks remained small, in part because most Iraqis did not think it was safe to put their money in banks.
Figure 36 lists both the state and privately owned banks of Iraq, including branches, establishment date and capital assets remaining after OIF
rcookie says AND HERE IS THE STRUCTURAL ORGANIZATION OF THE CBI.....
subgirl says to sheila3 there ya go :) thanks sheila :)
rcookie says Organization of the CBI
The CBI was composed of five main departments, plus support elements (see Figure 37).
Department of Investment. This department maintained account information for foreign accounts.
Department of Accounting. This department maintained the employee accounts of the CBI.
Department of Exchange. This department licensed money exchangers.
rcookie says The Presidency was also the authorizing authority for transferring money to other ministries. Any order for funds received by the MoF was sent to the Director of the CBI, Isam Rashid al-Huwaysh. Any disputes between al-Huwaysh and al-Azawi were settled by Saddam.
When hard currency was collected in the CBI, it was allocated to the ministries that needed hard currency to buy things internationally, such as the Ministry of Health. Because hard currency was in such short supply, the ministries that received it had to pay it back in Iraqi Dinars.
rcookie says The CBI did not make extra payments directly to any ministries or to the Diwan, including the IIS and the MIC. Payments were made to the MOF accounts at the Rasheed and Rafidian Banks, and then distributed. At the end of the month, the CBI would send an account of what was sent to the Rasheed and Rafidian Banks to the MoF.
After two or three days the MoF would instruct the CBI to print Iraqi Treasury Bonds as an accounting procedure to balance the books. Iraq did not have a more formal economic or rigorous monetary policy.
rcookie says JUT SOME INSIGHT TO THE CBI/MOF INTERFACE..
THE 2 BIG STATE BANKS ARE BEING BROKEN UP & PRIVATIZED...BECAUSE THEY DOMINATE & CONTROL TOO MUCH OF IRAQS CURRENCY AND FIACIAL PROGRAMS WHICH HAVE UNDERMINED THE OTHER BANKS ABILITY TO EXECUTE DEVELOPMENT & INVESTMENT PROGRAMS...
WHILE PROVIDING VERY LITTLE RETURN IN REVENUES TO GDP.....WHICH THEY HOPE TOO GROW BY EMPOWERING MORE BANKS........
Loopback says to rcookie (y) Great information
Loopback says to rcookie It means the playing field will be level for all of the banks and flow should flow much better, which creates LIQUIDITY.
jarhead says( thats great for liquidity as u say butwithout value how does it help??
clay says to jarhead that was my question
jarhead says fill me in pls
rcookie says to Loopback (y)
jarhead says to rcookie so whats new in DSI
Loopback says to jarhead They are trying to make their monetary and fiscal policies to be the same in order to create a stable monetary envornment. THis lines up perfectly with what the IMF wants to see.(y)
jeffusa says to Loopback thanks
jarhead says then line right on up into my account!! :D
jarhead says excuse me...............BOOTS :D
_firefly_ says( Iraqi PM offers to pay Kurds’ salaries if Kurdistan halts its independent oil exports
Posted on February 16, 2016 by Editorial Staff in Economy, Politics, Politics
Iraqi Prime Minister Haider al-Abadi. Photo: AFP
BAGHDAD,— Iraq’s federal government will pay the salaries of the cash-strapped Kurdish region’s employees if it halts its independent oil exports, Prime Minister Haider al-Abadi said Monday.
Iraq’s autonomous Kurdistan region, facing a financial crisis due to low oil prices, has announced its employees will be paid partial salaries until further notice and that months of unpaid wages will be considered loans to the government.
“Give us the oil and I will give every employee in Kurdistan (their) salary,” Abadi said in an interview with Iraqiya state television.
rcookie says DISCONNECTING THE LINK BETWEEN MOF AND 2 STATE BANKS WHILE PRIVATIZING & BREAKING UP....
jarhead says thats great ifabadi holds up his end
jeffusa says to jarhead “Give us the oil and I will give every employee in Kurdistan (their) salary,” Abadi said in an interview with Iraqiya state television.
Loopback says to _firefly You mean the temporary oil agreement between Erbil and Baghdad?
_firefly_ says to rcookie IMO it's done, just renamed
rcookie says to _firefly= NOW TAKE THAT...AND FACTOR I THE LAUNCH OF NATINAL OIL COMPANY...WHICH WILL DELIVER STRONGER CONTRACT & LICENSING POSITION WITH OIL COMPANIES....AND THE VEHICLE TO GET OIL ROYALTY SHARES TO PROVINCES & CITIZENS....
jarhead says so leaving us behind in information
_firefly_ says to rcookie BIGO my friend !
_firefly_ says to rcookie BINGO
_firefly_ says to rcookie( Those articles are lagging so bad lol
jeffusa says to jarhead took the grandkids to see Kung Fo Panda 3.... there was a part that the villian was talking and the Panda kept saying chit chit chat chat chit chit chat chat... over and over again... reminds me of Iraq
jarhead says lol
templejc says MY HAND IS RAISED ::: SHOULD WE PUT OUR RV CLOTHS TOGETHER AND GET READY YO VISIT THE BANK?
clay says to templejc lol good question
jeffusa says to templejc naw ... buy new ones
jarhead says u need deodorant (lol)
templejc says to jeffusa AND YOUR CREDIT CARD NUMBER IS ____ ____ _____ ____? (lol)
jeffusa says to templejc use your dinar.... geez.....
luvmydream says GM all
templejc says to jeffusa I NEED CLOTHS TO GO TO THE BANK BUDDY
subgirl says to luvmydream GM :)
jeffusa says to templejc go naked... I bet you would get faster service
clay says to templejc Im gonna streak 8-)
jarhead says Lord help us
rcookie says CBI ARTICLE HAS HUGE STATEMENTS WITHIN.........
templejc says to jeffusa OK BUDDY I WILL - BREAKING NEWS ::: JEFFUSA WILL BAIL ME OUT OF JAIL
jeffusa says to templejc you know it
templejc says to rcookie STELLER NEWS ALL MORNING
rcookie says HUGE....HUGE....HUGE....HUGE!!
rcookie says to Hutch WELL SAID...IT SURE DOES....
HEARTLAND says rcookie & firefly...I have been reading your comments for several days. Are you both feeling that we have a good chance of reaching our goal by the end of this month? Thanks
_firefly_ says to HEARTLAND IMO it can happen at the blink of an eye
templejc says to BGG TIME FOR A QUESTION?
templejc says to BGG THE POST IN THE OBSERVER REGARDING THE GREEN ZONE AND THE MARCH 3RD DATE - DO YOU BELIEVE IN THAT OPINION? OR IS THIS THOUGHT JUST A BUNCH OF WISHIN OR LEFT FIELD THINKING?
jarhead says he must be busy
templejc says to jarhead YOU CAN ANSWER - BUT I REFUSE TO GET OUT OF LINE :D
jarhead says wow lol thanks lol
rcookie says= WHEN LOOKING AT THE CBI STATEMENT TODAY ABOUT THE NEED FOR HOMOGENEITY OF MONETARY & FISCAL POLICY AS EFFECTIVE RESPONSE TO THE CRISIS...
AND ACHIEVING FINANCIAL & ECONOMIC STABILITY...BY LEGISLATING THE UNZIPPING OF THE LINK BETWEEN GOV'T BANKS AND THE MINISTRY OF FINANCE....
SO THEY CAN BE RESTRUCTURED TO IMPLEMENT LAWS & INSTRUCTIONS SMOOTHLY....(WHICH ALSO IS AN IMF MANDATE IRAQ WILL HAVE DONE BY END OF MONTH)...
rcookie says I POSTED INFORMATION OF HISTORY OF STATE BANKS AND RELATIONSHIP OF FINANCE MINISTRY FROM THE CIA WEBSITE YESTERDAY....
rcookie says I POSTED INFORMATION OF HISTORY OF STATE BANKS AND RELATIONSHIP OF FINANCE MINISTRY FROM THE CIA WEBSITE YESTERDAY....
templejc says to rcookie THANKS FOR THAT
rcookie says TO CONSIDER AS THE STATE BANKS ARE BROKEN UP AND PRIVATIZED....
jarhead says see and u didnt get out of line
rcookie says In response to Rafidian Bank’s inability to service the country’s banking needs, in the early 1970s the CBI and the MoF proposed to the government that a new state-owned bank be licensed.
As a result, in 1988 Rasheed Bank, also owned by the MoF, was licensed. In addition to serving the private sector, Rasheed Bank and Rafidian Bank soon took over much of the banking business of state-owned enterprises, relieving CBI of that function.
rcookie says MOF OWNS THESE BANKS!!!!!!!!
templejc says to jarhead (lol) I DONT LIKE LINES
jarhead says lol
rcookie says The Ministry of Finance was responsible for overseeing budgets of several ministries as well as the state-operated banking system. Currently, the six state-owned banks (Rafidian, Rasheed, the Agricultural, the Industrial, the Real Estate, and the Socialist) account for about 93 percent of banking system assets. There are also 18 private banks with capitalization of $25 million and deposits of $107 million.
templejc says to jarhead OK - GOT TO GO GET SOME FOOD - RCOOKIE YOU GUYS ROCK - THANKS FOR ALL YOU BRING THE THE HOURS YOU SPEND ON US THE UNINFORMED
rcookie says The 18 private banks were established in an effort to handle local depositors’ financial needs and reform as well as modernize the banking sector. These banks remained small, in part because most Iraqis did not think it was safe to put their money in banks.
Figure 36 lists both the state and privately owned banks of Iraq, including branches, establishment date and capital assets remaining after OIF
rcookie says AND HERE IS THE STRUCTURAL ORGANIZATION OF THE CBI.....
subgirl says to sheila3 there ya go :) thanks sheila :)
rcookie says Organization of the CBI
The CBI was composed of five main departments, plus support elements (see Figure 37).
Department of Investment. This department maintained account information for foreign accounts.
Department of Accounting. This department maintained the employee accounts of the CBI.
Department of Exchange. This department licensed money exchangers.
rcookie says The Presidency was also the authorizing authority for transferring money to other ministries. Any order for funds received by the MoF was sent to the Director of the CBI, Isam Rashid al-Huwaysh. Any disputes between al-Huwaysh and al-Azawi were settled by Saddam.
When hard currency was collected in the CBI, it was allocated to the ministries that needed hard currency to buy things internationally, such as the Ministry of Health. Because hard currency was in such short supply, the ministries that received it had to pay it back in Iraqi Dinars.
rcookie says The CBI did not make extra payments directly to any ministries or to the Diwan, including the IIS and the MIC. Payments were made to the MOF accounts at the Rasheed and Rafidian Banks, and then distributed. At the end of the month, the CBI would send an account of what was sent to the Rasheed and Rafidian Banks to the MoF.
After two or three days the MoF would instruct the CBI to print Iraqi Treasury Bonds as an accounting procedure to balance the books. Iraq did not have a more formal economic or rigorous monetary policy.
rcookie says JUT SOME INSIGHT TO THE CBI/MOF INTERFACE..
THE 2 BIG STATE BANKS ARE BEING BROKEN UP & PRIVATIZED...BECAUSE THEY DOMINATE & CONTROL TOO MUCH OF IRAQS CURRENCY AND FIACIAL PROGRAMS WHICH HAVE UNDERMINED THE OTHER BANKS ABILITY TO EXECUTE DEVELOPMENT & INVESTMENT PROGRAMS...
WHILE PROVIDING VERY LITTLE RETURN IN REVENUES TO GDP.....WHICH THEY HOPE TOO GROW BY EMPOWERING MORE BANKS........
Loopback says to rcookie (y) Great information
Loopback says to rcookie It means the playing field will be level for all of the banks and flow should flow much better, which creates LIQUIDITY.
jarhead says( thats great for liquidity as u say butwithout value how does it help??
rcookie says to Loopback AND THEY CAN ACTIVATE MORE OF THE DEVELOPMENT & INVESTMENT PROJECTS...
Loopback says to rcookie LOL - and the money should flow..
Loopback says to jarhead it's all tied together.
jarhead says yall lost me lol
rcookie says to jarhead ITS LAYING THE TRACKS FOR THE FINANCIAL & ECONOMIC FREIGHTRAIN ABOUT TO RIP THROUGH IRAQ....
jarhead says kool!!!!!!!!!!!
Loopback says to jarhead liquidity greases the economic engine, which should increase damand for goods and services, which in turn blows the roof off of the value of the pink paper you holder.
jarhead says as i said 12 days left in feb !!
rcookie says DOESNT MAKE SENSE TO HAVE WATER TURNED ON AT THE MAIN...WHEN ALL THE INDIVIDUAL SHUT-OFFS TO RECEIVE ARE TRNED OFF.....NOTHING FLOW...OR HAPPENS....
jarhead says makes sense
jarhead says im not very money savvy
R&R says to jarhead Iraq has 11 days, 3 hours, and 1 minute.... but who's counting? LOL
jarhead says guess i'd better get that way lol
jarhead says r&r lol
wmawhite says to R&R what happens in 11 days for Iraq?
jarhead says the other genious is in da hose!!!!!!!!!!
jarhead says ga mr white sir
djmckaytx says Just want to make sure everyone has seen this...
http://ift.tt/1TrFFRm
http://ift.tt/24aivCO
Radioactive material stolen in Iraq raises security fears
Comments may be made at the end of Part 2 Thank You
Loopback says to rcookie LOL - and the money should flow..
Loopback says to jarhead it's all tied together.
jarhead says yall lost me lol
rcookie says to jarhead ITS LAYING THE TRACKS FOR THE FINANCIAL & ECONOMIC FREIGHTRAIN ABOUT TO RIP THROUGH IRAQ....
jarhead says kool!!!!!!!!!!!
Loopback says to jarhead liquidity greases the economic engine, which should increase damand for goods and services, which in turn blows the roof off of the value of the pink paper you holder.
jarhead says as i said 12 days left in feb !!
rcookie says DOESNT MAKE SENSE TO HAVE WATER TURNED ON AT THE MAIN...WHEN ALL THE INDIVIDUAL SHUT-OFFS TO RECEIVE ARE TRNED OFF.....NOTHING FLOW...OR HAPPENS....
jarhead says makes sense
jarhead says im not very money savvy
R&R says to jarhead Iraq has 11 days, 3 hours, and 1 minute.... but who's counting? LOL
jarhead says guess i'd better get that way lol
jarhead says r&r lol
wmawhite says to R&R what happens in 11 days for Iraq?
jarhead says the other genious is in da hose!!!!!!!!!!
jarhead says ga mr white sir
djmckaytx says Just want to make sure everyone has seen this...
http://ift.tt/1TrFFRm
http://ift.tt/24aivCO
Radioactive material stolen in Iraq raises security fears
Comments may be made at the end of Part 2 Thank You
via Dinar Recaps - Our Blog http://ift.tt/1TrFCVP
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