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Thursday, February 25, 2016

Dinar Updates Wednesday PM Chat  2-24-16    Part 2 of 3

Post From Dinar Updates 2-24-16
Chat Room Excerpts & Highlights

Dinar Updates Wednesday PM Chat  2-24-16    Part 2 of 3
 
_firefly_ says    Vietnam and the IMF    Updated February 10, 2016
 
_firefly_ says    On July 30, 2014, the Executive Board of the International Monetary Fund (IMF) concluded the Article IV consultation with Vietnam, and considered and endorsed the staff appraisal without a meeting. (The Executive Board takes decisions without a meeting (based on lapse-of-time procedures) when it is agreed by the Board that a proposal can be considered without convening formal discussions.)
 
_firefly_ says   Under Article IV of the IMF's Articles of Agreement, the IMF has a mandate to exercise surveillance over the economic, financial and exchange rate policies of its members in order to ensure the effective operation of the international monetary system.
 
The IMF’s appraisal of such policies involves a comprehensive analysis of the general economic situation and policy strategy of each member country.
 ~~~
A staff team visits the country, collects economic and financial information, and discusses with officials the country's economic developments and policies. On return to headquarters, the staff prepares a report, which forms the basis for consideration by the Executive Board.
 
_firefly_ says   financial and exchange rate policies of its members in order to ensure the effective operation of the international monetary system.    _firefly_ says    Interesting !

_firefly_ says   Folks things are happening globally in front of our eyes if you pat attention to the BIG picture

_firefly_ says    pay   _firefly_ says    Hmmmm ... nice typo lol
 
bigrudy says    Any real good news?
sheila3 says to bigrudy    hey been bringing it all morning,read chat logs :)
 
_firefly_ says    The Central Bank of Iraq (CBI) has reported that 25 banks and 20 remittance companies took part in its currency auction on Wednesday. A total of $94,700,000 sold at a price of 1182 Iraqi Dinars (IQD) per dollar.
 
dwightj says    WELL I TAKE IT THERES NO RV YET (lol)
_firefly_ says    WOW
dwightj says(   MAN THATS SMALL
 
rcookie says    MASUM CONFIRMS START OF MOSUL LIBERATION CLOSE....IRAQ FORCES MORALE HIGH...ISIS LOW AMIDST CITIZEN REBELLION AND DESERTIONS...
 
rcookie says   ARAJI HAS LEUKEMIA AND ASKING FOR SEAT IN NEW CABINET....
wilson6060 says to rcookie   Does that say he has leukemia as in cancer???? or
rcookie says   YES CANCER...
 
dwightj says   Simply Red - If You Don't Know Me By Now
https://www.youtube.com/watch?v=zTcu7MCtuTs&list=RDQ2PHYCP1oYU&index=34
 
wilson6060 says to rcookie   oops, wasnt ready to send yeo...my bad
wilson6060 says to rcookie   WOW...TYVM
 
rcookie says    WHAT DOES EVERYONE THINK OF AUCTION NUMBERS......
 
clay says to Tex1   thanks buddy very busy day 1st time in many months....not complaining :)
 
Geofitness says   Terrible, let's increase them by about 100M ha
clay says to wilson6060   hey lady :)
clay says to rcookie   cant believe how low
clay says to rcookie   with so many banks
wilson6060 says to clay   Howdy clay....smile
 
rcookie says to Geofitness    AGREED...I THINK THAT DAY IS NEAR...
clay says to Geofitness     hey lets not lol
rcookie says   NATIONAL SHIPPING COMPANY LAUNCHED TODAY......
 
wilson6060 says   I can almost see the revaluation rolling up out of the dust....(H)
clay says to wilson6060   cant handle the wait anymore
clay says to wilson6060   its killing me
 
kukui says   will auction numbers gradually work down to 0 or dive down to 0 from a higher number ?
 
Savannah says to clay   I'm with ya there :)
 
_firefly_ says to rcookie   That's gthe lowest number I believe I've seen !
 
wilson6060 says to clay   Yes you can...you are not leaving us now...lol..lol
 
clay says to Savannah   yeah right just cant take it'
_firefly_ says to rcookie   to date
 
Baxter1243 says(    I can remember auctions a couple years ago below 20 Million...
jarhead says to _firefly   ur droolin
 
clay says to wilson6060(     thanks buddy been a long time us two
jarhead says to _firefly    :D
Savannah says to clay    ((((((hugs)))))))
 
rcookie says(   IRAQ SEEKING $2 BILLION IN GLOBAL BONDS...LAUNCHING IN 2ND HALF OF 2016....
 
bullit says   I don't come often, but saw the post from BGG re surgery. What's up there?
 
wilson6060 says to clay   Yep and we are here together until the end...it is coming
 
_firefly_ says to rcookie     Still seeking huh? lol
 
rcookie says(   THERE IS ACTUALLY EVIDENCE OF BOTH...GRADUAL DECLINE AND COMPLETE HALT...SO WE WILL SEE...
 
clay says to wilson6060   not fast enough :) but I agree
kukui says   no auctions and an RV soon I hope :D

_firefly_ says to kukui(     There will always be auctions
_firefly_ says to kukui   The type of auctions is what matters :)
kukui says   they won't be selling dollars though...right ?
 
_firefly_ says to kukui   Every country deals in petro dollars. Heck, even the SDR is pegged to the USD
_firefly_ says to kukui(    Tghe USD has been and will remain an absolute
 
kukui says   thought that was am IMF stipulation to stop MCP
Dr Dave says   ...news you bring is good too sometimes too rcookie
 
_firefly_ says to kukui(   Has nothing to do with the MCP, we are talking International
 
_firefly_ says to kukui(   Too much guruism lol
rcookie says to Dr Dave   TY DR DAVE...
kukui says to _firefly   :D
 
Dr Dave says   recipes good also
kukui says to _firefly   so the MCP is for local only ?

rcookie says to Dr Dave(   AND FREE WINE PAIRING ADVICE....

_firefly_ says to kukui(   Even wore torn sanctioned countrys, thed citizens carry USD. It is what all other currencys value is based off
 
rcookie says to Loopback   WHATS COOKIN LOOP......
Loopback says to rcookie(   IRAQ is
 
kukui says to _firefly    I'm a little confused....then what currencies is the IMF referring to on the MCP ?
 
kukui says to _firefly     agreed....just wondering what currencies IMF is talking about in ending MCP and it's ties to an eventual RV
 
_firefly_ says to kukui   I posted a couple of recent IMF article quotes today. You may want to read the chat logs :)
 
rcookie says   Finance and Central Bank charged with the disappearance of the loans obtained by Iraq
 
Economy Since 2016-02-24 at 12:19 (GMT)  – The balance of news   Economy and investment Commission revealed, Wednesday, not knowing the fate of the great borrowed the Iraqi Government after the current financial crisis, certain problems in the Central Bank and Finance Ministry caused thereby.
 
It was Iraqi Central Bank Governor Ali al-allaq said earlier that the government deficit worth 5 trillion dinars (4.17 billion dollars) a month to cover salaries and expenses.
 
Committee Member said Hareth al-Harthi l/balance of news, "its still ignorant to this day the fate of funds borrowed by the Government during the previous period, stating that he" did not invest any portion of which construction projects and development like that. "
 
He said Al-Harthi, the external borrowing an additional burden and not a solution to the financial crisis as understood by the Government ", that" there are upheavals at
 
jarhead says to clay   thought u quit drinkin....or did u jus quit buyin :D
rcookie says   different rates of interest between each State assumption. "
 
He stressed that "the percentages ranging from 2 to 6% and this in turn adds another burden on future Iraq safe," he said, "the ultimate goal for these countries is to get profits rather than helping Iraq dullness claim."
 
And, that "all the members of his Committee are unaware of where these funds went," adding that "the Ministry of finance and the Central Bank are responsible for her disappearance.
 
He said his Committee would pursue precisely this critical topic because it regards the country's economy. "
 
The Iraqi Government has announced $ 500 million euro loan in any way (566 million dollars), from Germany to help Baghdad in reducing financial crisis, caused by the deterioration of oil prices.
 
Finance Minister Hoshyar Zebari earlier borrowing of Iraq Japan $ 735 million dollars.
 
From: Ahmed zemim  http://ift.tt/1R4y1GJ; LINK

 
Read More :http://ift.tt/1oKlYIl
http://ift.tt/1oKlYIl
 
cookie says   MORE TROUBLE FOR ALI...........
_firefly_ says to kukui   Basket of currencies determines the value of the SDR
 
The value of the SDR was initially defined as equivalent to 0.888671 grams of fine gold—which, at the time, was also equivalent to one U.S. dollar. After the collapse of the Bretton Woods system in 1973, the SDR was redefined as a basket of currencies. Currently, the SDR basket consists of the U.S. dollar, euro, Japanese yen, and pound sterling. Effective October 1, 2016, the basket will be expanded to include the Chinese renminbi.
 
The value of the SDR in terms of the U.S. dollar is determined daily and posted on the IMF’s website. It is calculated as the sum of specific amounts of each basket currency valued in U.S. dollars, on the basis of exchange rates quoted at noon each day in the London market.
 
_firefly_ says   http://ift.tt/18b67p1
http://ift.tt/18b67p1
 
kukui says to _firefly   TY :) ....good info.    
_firefly_ says to clay   It is calculated as the sum of specific amounts of each basket currency valued in U.S. dollars,
 
_firefly_ says   It is calculated as the sum of specific amounts of each basket currency valued in U.S. dollars,
 
_firefly_ says   It is calculated as the sum of specific amounts of each basket currency valued in U.S. dollars,
 
jarhead says   well somebody needs to recalculate the iqd and in a hurry :D
 
rcookie says(   IRAN SHUTS BORDER CROSSING WITH KURDS FOR 3 DAYS FOR IRANIAN PALIAMENTARY ELECTIONS..
 
_firefly_ says to Hutch   Quiet day. Parliament postponed till March .... lol
 
Loopback says to Hutch   Nope. Nothing every happens in Iraq. JUst a bunch of slackers
 
Hutch says to Loopback    LOOP, Have you been sitting around playing tiddlywinks again?
jarhead says    yes he has
Hutch says to Loopback   :D
 
Hutch says to rcookie   DId you see the port of faw meeting in the next few weeks, all kinds of stuff going on there.

Loopback says to Hutch   Why yes I have. How did youknow?
Hutch says to Loopback   Let me know if you need a partner....
 
Hutch says to rcookie    http://ift.tt/1oKm16S
http://ift.tt/1R4y1GL
 
_firefly_ says to Hutch   SDR video .......... http://ift.tt/1oKlYIn   LINK

 
rcookie says to Hutch(   SURE DID...THAT PROJECT IS BEYOND HUGE...CITIZEN BOND PARTICIPATION....
 
Comments may be made at the end of Part 3   Thank You ​


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