Post From Dinar Updates 3-05-16
Chat Room Excerpts & Highlights
Dinar Updates Saturday AM Chat 3-05-16 Part 2 of 2
pizzaman says to rcookie():I guess I meant an the latest review which I understood was to have taken place in Feb.
rcookie says to pizzaman():YES...THEY HAVE NOT AND DO NOT PUBLISH INDIVIDUAL REVIEW DATE COMMENTS...’
THE GENERAL PARAMETERS OF THE LOI/MEFP.TECH MOU IS PUBLISHED JANUARY 2016....
THE QUANTATIVE TARGETS FOR THE PROGRAM RUN FROM NOV 2015-DEC 2016....WHICH OUTLINES THE PERIODOCITY AND TRANSMISSION OF THE DATA FOR IRAQ TO THE IMF FOR MONITORING PURPOSES....
Chat Room Excerpts & Highlights
Dinar Updates Saturday AM Chat 3-05-16 Part 2 of 2
pizzaman says to rcookie():I guess I meant an the latest review which I understood was to have taken place in Feb.
rcookie says to pizzaman():YES...THEY HAVE NOT AND DO NOT PUBLISH INDIVIDUAL REVIEW DATE COMMENTS...’
THE GENERAL PARAMETERS OF THE LOI/MEFP.TECH MOU IS PUBLISHED JANUARY 2016....
THE QUANTATIVE TARGETS FOR THE PROGRAM RUN FROM NOV 2015-DEC 2016....WHICH OUTLINES THE PERIODOCITY AND TRANSMISSION OF THE DATA FOR IRAQ TO THE IMF FOR MONITORING PURPOSES....
pizzaman says to rcookie():OK...that helps me understand....thanks!
rcookie says to pizzaman():THEY HAD 5 QUANTATATIVE TARGETS....
rcookie says to pizzaman():1. a floor on the stock of gross international reserves of the Central Bank of Iraq (CBI);
rcookie says to pizzaman():2. a ceiling on net domestic assets of the CBI;
rcookie says to pizzaman():3. floor on the central government non-oil primary balance;
rcookie says to pizzaman():4. a floor on the central government social spending;
rcookie says to pizzaman():5. a continuous ceiling on new external payments arrears on any existing, rescheduled and new debt of the central government and/or the CBI.
pizzaman says to rcookie():Wow...my morning education! How / when is Iraqs progress upon those targets reported and released so that we know how they are performing?
rcookie says to pizzaman():THEY HAVE QUARTERLY REVIEWS FOR THEIR PERFORMANCE AND STANDING IN THE SMP...
rcookie says to pizzaman():HERE YOU GO...
rcookie says to pizzaman():26. The SMP will have quarterly reviews (MEFP, ¶30). It will 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 (MEFP, Table 1), and a few structural benchmarks (MEFP, Table 2). ‘
The targets on the stock of net domestic assets of the CBI and official foreign exchange reserves will have adjusters allowing more/less indirect monetary financing and use of reserves in case foreign financing is lower/higher than programmed, with an asymmetric cap on the additional monetary financing to protect foreign exchange reserves (Technical Memorandum of Understanding—TMU, ¶¶13–16).
pizzaman says to rcookie():SMP stands for ?
rcookie says to pizzaman():he target for the non-oil primary balance for December 2015 will be adjusted when the true level of spending financed by domestic arrears in 2015 will be known (¶23; TMU, ¶12).
The targets on the non-oil primary balance and the stock of net domestic assets of the CBI, the main source of domestic financing of the budget, will keep total public debt on a sustainable trajectory.
Each program review will set a few structural benchmarks in areas that are essential for the success of the program. The authorities intend to demonstrate good performance under the SMP to move to a possible Fund financing arrangement.
rcookie says to pizzaman():STAFF MONITORED PROGRAM
pizzaman says to rcookie():Ah hah! Thanks again!
rcookie says to pizzaman():(y)
rcookie says to pizzaman():7. The government intends to make public the content of the IMF staff report, including this letter, the attached MEFP, the TMU, and the informational annex of the staff report. It therefore authorizes the IMF staff to publish these documents on its website once you have approved this Staff-Monitored Program.
pizzaman says to rcookie():"The authorities intend to demonstrate good performance under the SMP to move to a possible Fund financing arrangement" sounds like this is to position themselves for loans from the IMF?
rcookie says to pizzaman():SIGNED BY KEYWORDS & ZEBARI....
rcookie says to pizzaman():PARTIALLY..
rcookie says to pizzaman():BUDGET CONTENT AND EXECUTION....
pizzaman says to rcookie():Sor from paragraph 7, when or where was the last release of content of an IMF staff report?
rcookie says to pizzaman():COMPREHENSIVE ECONOMIC & FINANCIAL POLICES...TECHNICAL ASSISTANCE
rcookie says to pizzaman():FOREIGN EXCHANGE POLICY
rcookie says to pizzaman():ARTICLE 8 OBLIGATION ATTAINMENT
rcookie says to pizzaman():FISCAL POLICY
pizzaman says to rcookie():got it...more than loans! and I like that foreigh exchange policy item you listed!
rcookie says to pizzaman():PUBLIC FINANCIAL MANAGEMENT
pizzaman says to rcookie():EVERYTHING
rcookie says to pizzaman():BANKING SUPERVISION....REFORM
rcookie says to pizzaman():AND AT THE END PROGRAM MONITORING...TO MAKE SURE THEY STAY ON PROGRAM THROUGH 2020...
rcookie says to pizzaman():SAME PLAN WINDOW YOU JUST HEARD THE CBI ANNOUNCE..,2020
pizzaman says to rcookie():Woohoo!
rcookie says to pizzaman():AND PERFORMANCE WITHIN THIS PROGRAM WILL STABILIZE AND STRENGTHEN THEIR GLOBAL ECONOMIC POSITION...CREDIT STANDING POTENTIAL AND INTERNATIONAL INVESTMENT OPPORTUNITY...
subgirl says to rcookie():I sure like that! (y) thanks for sharing!! GM
pizzaman says to rcookie():I'm curious when the latest release of the last release of content of an IMF staff report was from the government.
pizzaman says to rcookie():oops...doubled upon on release
dale says to eric4502():Rcookie : Definitely is an education ..... and to boot sounds great .... Thank you again .... and to Loop.
tman23 says():House speaker Salim Al-jubouri said, Parliament meeting and readiness to vote on the draft of the amnesty law. Deputy Chairman of the parliamentary legal Committee, Mohsen sadoon said that "final agreement reached on the wording of the draft amnesty law ..... House speaker Salim Al-jubouri that the Bank President (Jim Yong Kim) will visit Iraq soon to discuss the economic crisis.
Al-jubouri said in the Parliament session today, "Bank President pledged efforts to solve the economic crisis in Iraq."
"There is an invitation of World Bank President to visit Iraq and come to the House to discuss economic problems and ways to address them." United Nations Secretary-General Ban Ki-moon and World Bank President Jim Yong Kim to Baghdad "to discuss further support Iraq, and backing in the current circumstances."
subgirl says to tman23():thank you tman! Appreciate you! :)
larrykn says():tman23 that is great news , they have agreed wow :)
jeffjane says to tman23():Do you think that meeting has already happened?
jeffjane says to tman23():Reason I ask is, I thought Ban Ki-moon was suppose to be in Iraq on March 1
tman23 says():From the outside looking in it appears they are going to do EVERYTHING in one big blitz..... Amnesty on the schedule for vote, Technocrats to be seated, Bi Ki Moon to Baghdad same time Jim Yong Kim to Parliment.......
larrykn says():yes I agree good signs :)
subgirl says to larrykn():it went well! No chemo yesterday tho cuz my heart was not as strong as last time... So they are giving me 1 to 2 months break from chemo :) yyaayy!
tman23 says to jeffjane():People read that UN Jan Kubiš said Feb 13 that Moon and Kim would be visiting Iraq....So they come up with March 1st......and that is a date "the people" speculated on........
There is NO inside information to the specific date they will arrive...BUT it will be IMO......EVERYTHING at one time .......They really need to deliver some tangible changes to the citizens......
AND Sadr gave a deadline of April 1....... Those are the only dates we have to speculate on
tman23 I agree, no one knows the date but they are under so much pressure to get it done, I do believe this is our month :)
love it 2 says to BGG():so where we stand now...any closer or more doors need opening ?
BGG says to love it 2():Much closer - IMHO...
love it 2 says to BGG():well close is better then further :D
BGG says to love it 2():and I don't say this to "create" some false sense of expectation...
BGG says to love it 2():there are plenty that do this already...
love it 2 says to BGG():true that...thus my "vacancy" from it all :
BGG says to love it 2():nor are my comments intended to "down" anyone - like those disappointed investors who find it acceptable to "force" their ill-formed conclusions on everyone else.
BGG says to love it 2():that is where a lot of this "it won't happen until June - or 2017 - or whatever...
BGG says to love it 2():WHERE EXACTLY DID THEY SAY ANYTHING LIKE THAT??
BGG says to love it 2():if one can read - study - and show oneself approved - this IS NOT WHAT IRAQ has said - CLEARLY.
BGG says to love it 2():on the other hand - Iraq's situation is dire (financially). I don't see how they go on much longer "as is"...
BGG says to love it 2():Abadi appears to be dealing with deep rooted corruption - quickly.
love it 2 says to BGG():I've never said anything about JUNE...nor do i read ahead in time... i'm no soothsayer ...
BGG says to love it 2():Once he gets his way... I don't see any way around some kind of currency restructuring as a "bridge" to 2017...
BGG says to love it 2():not saying you do - I am just referring to common "boo hoo" comments in the community.
love it 2 says to BGG():well i guess we still "wait and see" :)
love it 2 says to BGG():ahhhh ok ...thank you :)
BGG says to love it 2():or not - here's the thing - everyone here is here by choice.
Cricket22 says to BGG():Amen! I try to get through the days the best I can with patience and guidence from the good Lord. :)
love it 2 says to BGG():true that.....and if/when it happens all good :)
nromeo says():Bgg when do u think u guys will have a round table call again?
BGG says to love it 2():it's a "once-in-a-lifetime" investment - no one is guaranteed anything... nor are we held hostage. The door swing both ways for everyone.
bibi says():Thank you for your commentary, BGG. Very helpful.
rcookie says to pizzaman():THEY HAD 5 QUANTATATIVE TARGETS....
rcookie says to pizzaman():1. a floor on the stock of gross international reserves of the Central Bank of Iraq (CBI);
rcookie says to pizzaman():2. a ceiling on net domestic assets of the CBI;
rcookie says to pizzaman():3. floor on the central government non-oil primary balance;
rcookie says to pizzaman():4. a floor on the central government social spending;
rcookie says to pizzaman():5. a continuous ceiling on new external payments arrears on any existing, rescheduled and new debt of the central government and/or the CBI.
pizzaman says to rcookie():Wow...my morning education! How / when is Iraqs progress upon those targets reported and released so that we know how they are performing?
rcookie says to pizzaman():THEY HAVE QUARTERLY REVIEWS FOR THEIR PERFORMANCE AND STANDING IN THE SMP...
rcookie says to pizzaman():HERE YOU GO...
rcookie says to pizzaman():26. The SMP will have quarterly reviews (MEFP, ¶30). It will 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 (MEFP, Table 1), and a few structural benchmarks (MEFP, Table 2). ‘
The targets on the stock of net domestic assets of the CBI and official foreign exchange reserves will have adjusters allowing more/less indirect monetary financing and use of reserves in case foreign financing is lower/higher than programmed, with an asymmetric cap on the additional monetary financing to protect foreign exchange reserves (Technical Memorandum of Understanding—TMU, ¶¶13–16).
pizzaman says to rcookie():SMP stands for ?
rcookie says to pizzaman():he target for the non-oil primary balance for December 2015 will be adjusted when the true level of spending financed by domestic arrears in 2015 will be known (¶23; TMU, ¶12).
The targets on the non-oil primary balance and the stock of net domestic assets of the CBI, the main source of domestic financing of the budget, will keep total public debt on a sustainable trajectory.
Each program review will set a few structural benchmarks in areas that are essential for the success of the program. The authorities intend to demonstrate good performance under the SMP to move to a possible Fund financing arrangement.
rcookie says to pizzaman():STAFF MONITORED PROGRAM
pizzaman says to rcookie():Ah hah! Thanks again!
rcookie says to pizzaman():(y)
rcookie says to pizzaman():7. The government intends to make public the content of the IMF staff report, including this letter, the attached MEFP, the TMU, and the informational annex of the staff report. It therefore authorizes the IMF staff to publish these documents on its website once you have approved this Staff-Monitored Program.
pizzaman says to rcookie():"The authorities intend to demonstrate good performance under the SMP to move to a possible Fund financing arrangement" sounds like this is to position themselves for loans from the IMF?
rcookie says to pizzaman():SIGNED BY KEYWORDS & ZEBARI....
rcookie says to pizzaman():PARTIALLY..
rcookie says to pizzaman():BUDGET CONTENT AND EXECUTION....
pizzaman says to rcookie():Sor from paragraph 7, when or where was the last release of content of an IMF staff report?
rcookie says to pizzaman():COMPREHENSIVE ECONOMIC & FINANCIAL POLICES...TECHNICAL ASSISTANCE
rcookie says to pizzaman():FOREIGN EXCHANGE POLICY
rcookie says to pizzaman():ARTICLE 8 OBLIGATION ATTAINMENT
rcookie says to pizzaman():FISCAL POLICY
pizzaman says to rcookie():got it...more than loans! and I like that foreigh exchange policy item you listed!
rcookie says to pizzaman():PUBLIC FINANCIAL MANAGEMENT
pizzaman says to rcookie():EVERYTHING
rcookie says to pizzaman():BANKING SUPERVISION....REFORM
rcookie says to pizzaman():AND AT THE END PROGRAM MONITORING...TO MAKE SURE THEY STAY ON PROGRAM THROUGH 2020...
rcookie says to pizzaman():SAME PLAN WINDOW YOU JUST HEARD THE CBI ANNOUNCE..,2020
pizzaman says to rcookie():Woohoo!
rcookie says to pizzaman():AND PERFORMANCE WITHIN THIS PROGRAM WILL STABILIZE AND STRENGTHEN THEIR GLOBAL ECONOMIC POSITION...CREDIT STANDING POTENTIAL AND INTERNATIONAL INVESTMENT OPPORTUNITY...
subgirl says to rcookie():I sure like that! (y) thanks for sharing!! GM
pizzaman says to rcookie():I'm curious when the latest release of the last release of content of an IMF staff report was from the government.
pizzaman says to rcookie():oops...doubled upon on release
dale says to eric4502():Rcookie : Definitely is an education ..... and to boot sounds great .... Thank you again .... and to Loop.
tman23 says():House speaker Salim Al-jubouri said, Parliament meeting and readiness to vote on the draft of the amnesty law. Deputy Chairman of the parliamentary legal Committee, Mohsen sadoon said that "final agreement reached on the wording of the draft amnesty law ..... House speaker Salim Al-jubouri that the Bank President (Jim Yong Kim) will visit Iraq soon to discuss the economic crisis.
Al-jubouri said in the Parliament session today, "Bank President pledged efforts to solve the economic crisis in Iraq."
"There is an invitation of World Bank President to visit Iraq and come to the House to discuss economic problems and ways to address them." United Nations Secretary-General Ban Ki-moon and World Bank President Jim Yong Kim to Baghdad "to discuss further support Iraq, and backing in the current circumstances."
subgirl says to tman23():thank you tman! Appreciate you! :)
larrykn says():tman23 that is great news , they have agreed wow :)
jeffjane says to tman23():Do you think that meeting has already happened?
jeffjane says to tman23():Reason I ask is, I thought Ban Ki-moon was suppose to be in Iraq on March 1
tman23 says():From the outside looking in it appears they are going to do EVERYTHING in one big blitz..... Amnesty on the schedule for vote, Technocrats to be seated, Bi Ki Moon to Baghdad same time Jim Yong Kim to Parliment.......
larrykn says():yes I agree good signs :)
subgirl says to larrykn():it went well! No chemo yesterday tho cuz my heart was not as strong as last time... So they are giving me 1 to 2 months break from chemo :) yyaayy!
tman23 says to jeffjane():People read that UN Jan Kubiš said Feb 13 that Moon and Kim would be visiting Iraq....So they come up with March 1st......and that is a date "the people" speculated on........
There is NO inside information to the specific date they will arrive...BUT it will be IMO......EVERYTHING at one time .......They really need to deliver some tangible changes to the citizens......
AND Sadr gave a deadline of April 1....... Those are the only dates we have to speculate on
tman23 I agree, no one knows the date but they are under so much pressure to get it done, I do believe this is our month :)
love it 2 says to BGG():so where we stand now...any closer or more doors need opening ?
BGG says to love it 2():Much closer - IMHO...
love it 2 says to BGG():well close is better then further :D
BGG says to love it 2():and I don't say this to "create" some false sense of expectation...
BGG says to love it 2():there are plenty that do this already...
love it 2 says to BGG():true that...thus my "vacancy" from it all :
BGG says to love it 2():nor are my comments intended to "down" anyone - like those disappointed investors who find it acceptable to "force" their ill-formed conclusions on everyone else.
BGG says to love it 2():that is where a lot of this "it won't happen until June - or 2017 - or whatever...
BGG says to love it 2():WHERE EXACTLY DID THEY SAY ANYTHING LIKE THAT??
BGG says to love it 2():if one can read - study - and show oneself approved - this IS NOT WHAT IRAQ has said - CLEARLY.
BGG says to love it 2():on the other hand - Iraq's situation is dire (financially). I don't see how they go on much longer "as is"...
BGG says to love it 2():Abadi appears to be dealing with deep rooted corruption - quickly.
love it 2 says to BGG():I've never said anything about JUNE...nor do i read ahead in time... i'm no soothsayer ...
BGG says to love it 2():Once he gets his way... I don't see any way around some kind of currency restructuring as a "bridge" to 2017...
BGG says to love it 2():not saying you do - I am just referring to common "boo hoo" comments in the community.
love it 2 says to BGG():well i guess we still "wait and see" :)
love it 2 says to BGG():ahhhh ok ...thank you :)
BGG says to love it 2():or not - here's the thing - everyone here is here by choice.
Cricket22 says to BGG():Amen! I try to get through the days the best I can with patience and guidence from the good Lord. :)
love it 2 says to BGG():true that.....and if/when it happens all good :)
nromeo says():Bgg when do u think u guys will have a round table call again?
BGG says to love it 2():it's a "once-in-a-lifetime" investment - no one is guaranteed anything... nor are we held hostage. The door swing both ways for everyone.
bibi says():Thank you for your commentary, BGG. Very helpful.
BGG says to nromeo():Soon.
love it 2 says to BGG():Amen to that....and you can still get ya investment $$$ back by selling back to the dealers :)
nromeo says():thanks I think everyone enjoys them alot
BGG says to nromeo():I think after this coming week... I will be in a lot more.
BGG says to love it 2():or almost anywhere - IF ONE PAID ATTENTION to any of my previous 1000 comments on the subject (one would have physical Dinar in hand).
love it 2 says to BGG():peeps who have the dinar are just waiting...sad part is....we just keep waiting and forgetting REAL life is out there too....yes nice to be informed and get the "info"
...but really real life is gonig by them daily...some 10 years plus and they forget what life is all about...there is much more out there then just dinar .....:)
BGG says to love it 2():Of course that is accurate - and what these dear saints like Sheila, Subby and many others make possible.
BGG says to love it 2():we try to be a resource to others can plug-in from time-to-time and stay current...
BGG says to love it 2():BBL this afternoon. Real life calls...
Read More :http://ift.tt/1QA1D2u
love it 2 says to BGG():Amen to that....and you can still get ya investment $$$ back by selling back to the dealers :)
nromeo says():thanks I think everyone enjoys them alot
BGG says to nromeo():I think after this coming week... I will be in a lot more.
BGG says to love it 2():or almost anywhere - IF ONE PAID ATTENTION to any of my previous 1000 comments on the subject (one would have physical Dinar in hand).
love it 2 says to BGG():peeps who have the dinar are just waiting...sad part is....we just keep waiting and forgetting REAL life is out there too....yes nice to be informed and get the "info"
...but really real life is gonig by them daily...some 10 years plus and they forget what life is all about...there is much more out there then just dinar .....:)
BGG says to love it 2():Of course that is accurate - and what these dear saints like Sheila, Subby and many others make possible.
BGG says to love it 2():we try to be a resource to others can plug-in from time-to-time and stay current...
BGG says to love it 2():BBL this afternoon. Real life calls...
Read More :http://ift.tt/1QA1D2u
via Dinar Recaps - Our Blog http://ift.tt/1X4GLAU
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