MNT GOAT NEWS LETTER Edition: UU6910 Dated: March 16, 2016
Title: “There are Strings Attached to Everything”
Hello Everyone,
So today there is incredible news about reforming the Iraqi economy and the expectations of a coming change in the monetary policy of Iraq. I am not talking about selling more bonds or even new banking laws. I am talking about a major monetary change. Just recently we have read changes to the policy regarding the 50k and 100k notes. We know they can not continue doing trade with the disparity between the other Arab countries. This too is part of the economic crisis in Iraq.
Security brings stability
Stability brings Economic Strength
Economic Strength brings wealth and prosperity
Let us not forget too the IMF themselves, last October 2015 announced Iraq would be fully done with their monetary reforms by mid 2016. We are now already in mid March 2016. This is not my opinion but a statement of facts by the IMF themselves. Will they go all the way until June or complete these reforms sooner?
Title: “There are Strings Attached to Everything”
Hello Everyone,
So today there is incredible news about reforming the Iraqi economy and the expectations of a coming change in the monetary policy of Iraq. I am not talking about selling more bonds or even new banking laws. I am talking about a major monetary change. Just recently we have read changes to the policy regarding the 50k and 100k notes. We know they can not continue doing trade with the disparity between the other Arab countries. This too is part of the economic crisis in Iraq.
Security brings stability
Stability brings Economic Strength
Economic Strength brings wealth and prosperity
Let us not forget too the IMF themselves, last October 2015 announced Iraq would be fully done with their monetary reforms by mid 2016. We are now already in mid March 2016. This is not my opinion but a statement of facts by the IMF themselves. Will they go all the way until June or complete these reforms sooner?
So please let us not worry so much. Relax! We don’t have to listen to all this garbage intel from these so called intel “gurus” about these every weekend RVs or global rollouts now happening. All of this is garbage intel and I feel sorry for everyone who is getting sucked into this crap. Believing this garbage is not going to get you the RV any sooner. It will only depress you later when it does not happen, as they predict.
Today’s News
Today is Wednesday March 16th 2016. Still no RV. Sorry!
So lots of questions on emails to me lately on some of this recent garbage intel being put out in the dinar community. Will it ever end? Do you really believe this stuff?
So I listened for myself. It is funny again when I heard some more of this garbage intel on a replay of a conference call this week from one of the so called intel “gurus”. They talked about the bank codes being issued, but the banks still needed authorization to conduct exchanges of currency. Really? Then in the same breath they said some were exchanging already and being given hard cash in their live accounts and not SKRs. Really?
Let me explain just how foolish this stuff is, if you haven’t already picked up in it.
First they told everyone they could not exchange and are only waiting permission. Sounds like déjà vu to me all over again. Then they did exchange? So were they allowed to exchange or not? Are we all on the same planet? Of course none if is true so it’s a moot point anyhow even to argue over it.
This is how the process works. When the banks are given the codes it is time to use the codes and not before. This is the process. Get it! No delay. I have talked to many banks and the process is the same in each of them. No codes- No exchanges. No permission needed. The codes are the permission once the are delivered to the banks. Get it?
The UST will not give out the codes and then tell the banks to hold off in processing the currencies. Do you think this would instigate corruption? Simply will not and does not happen. Sorry!
So let’s get on with today’s honest news now that we have clarity on this point.
NO Hype, NO Rumors, just the FACTS.
Update: Iraqi Economy
So the recent talks and articles in this period past has been mostly about continuing the effort to bring Iraq into a new reality. To help prior to the finalization of this effort the US has decided to assist Iraq on loans. But be reassured these new loans do not come without a price for Iraq. It even tells us right in the title of the article using the word “concessional”. What is does not tell us what are the concessions. You can bet all the mandates for the needed reforms and new laws are included in these concessions.
Define concession – “the act of conceding or yielding, as a right, a privilege, or a point or fact in an argument”.
Article Begins
IRAN, IRAQ BANKING TIES TO NORMALIZE
3/14/2016
Baghdad, March 13, IRNA- In a visit with Governor of Central Bank of Iraq, Ali Al Alagh, Iranian ambassador to Iraq said that all banking relations between two countries will return to normal in upcoming days.
Iran, Iraq banking ties to normalize Hassan Danaie Far told IRNA that all banking services and cooperation will be re-established between the two countries.
An Iranian banking delegation is scheduled to have a trip to Iraq and it is expected to achieve a new understanding during this trip.
In the wake of lifting crippling sanctions imposed on Iran the Central Bank of Iraq employed measures regarding normalization of banking ties.
Experts expect considerable growth in Iraq-Iran bilateral turnover which was announced $12-14 billion for 2014.
Article Ends
Article Begins
JUBOURI CALLS FOR THE CENTRAL BANK TO LAY THE FOUNDATIONS REQUIRED FOR THE START OF THE ECONOMIC REFORM PROCESS
2016/3/14
Baghdad
Search Parliament Speaker Salim al-Jubouri, on Monday, with the central bank governor Ali Mohsen Keywords economic conditions and mechanisms and future plans to upgrade the banking business.
A statement by his press office received by all of Iraq a copy of the "al-Jubouri met with Central Bank Governor. During the meeting, trading in the overall economic conditions and mechanisms and future plans to upgrade the banking business in Iraq."
He Jubouri that "finding solutions to the current economic crisis would accelerate in finding solutions to the problems and political and security obstacles, which requires laying the foundations and vision required to start the process of economic reform."
He said the President of the House of Representatives, according to the statement that "the face of economic challenge no less important than the challenge of terrorism, which calls for urgent solutions and actions in the forefront of support for the banking sector to play its part required at the current stage."
Article Ends
Many of my readers commented on the article below and are thinking this has some impact in delaying the RV. Really? You only believe this notion because you have been told this by these so called intel “gurus”. These ignorant people have told you that all Iraq needs to do is RV and they will be rich and solve all their problems. You have been told these loans will put them back in a state of complacency and thus delay the RV even longer. So how will being rich solve their political problems, namely corruption? You tell me cause I don’t get it. Maybe I am dumb? Won’t it only give them yet more money to steal if they don’t first clean up the corruption?
Folks I keep telling you over and over again this is simply not the case. The RV will not fix all of Iraq’s problems. I said there are two paths to follow – political and financial. With fixing one while not fixing the other would only cause yet more damage and it maybe irreparable next time. So when these two paths converge (or collide, as many have told me), we will see the launching of the lower denoms (inflationary measure) and be on the way to the RV later.
Article Begins
PARLIAMENTARY FINANCE: THE GOVERNMENT PLANS TO TAKE {10} BILLION DOLLARS IN LOANS FROM WASHINGTON
{Baghdad} Euphrates News revealed the parliamentary finance committee member Ahmed al-Haj for the determination of the Iraqi government to take {10} billion dollars in loans from Washington.
Haj told {Euphrates News} Monday, " The US credits to Iraq amounting to {10} billion dollars, but we do not know you will be an investment or to support the general budget of the country."
He added that "Iraq is passing through a difficult financial crisis, but can not meet staff entitlements, thus imagine that these loans will be used in the field of salaries, and other investment issues in the country. "
he was economic adviser to Prime Minister appearance of Mohammed Saleh announced earlier to the media about the existence of the march of American loans to help Iraq 's financial situation.
Article Ends
Article Begins
GOVERNMENT UNVEILS "AMERICAN LOANS" WILL BE GIVEN TO IRAQ CONCESSIONAL. IT CONFIRMED THAT ECONOMIC SUPPORT NEGOTIATIONS WITH WASHINGTON REACHED AN ADVANCED STAGE
Monday, March 14 / 2016
BAGHDAD: The Promise Shammari (New Morning) - The government confirmed on Sunday that Washington 's continuing support Baghdad economically, indicating that the IAEA American Development promised Iraq constantly help him to cope with the current circumstances, while expected to witness the coming months to get soft loans and significant financial concessions as a result of for the negotiations that are currently underway.
Economic Adviser to the Council of Ministers, says the appearance of Mohammed Saleh said in an interview with "New Morning", "The United States gave Iraq a great support to various economic fields."
Saleh said that "this support got almost directly through the US Agency for International Development," pointing to "Meet collected Bmsaolh agency in the Middle East and promised Washington's willingness to provide various kinds of support."
"The US administration is also keen to support Iraq financially through its position in the International Monetary Fund."
And he went in favor of "As there is an important role for Washington through its leadership of the international coalition and to help Iraq militarily in the war against Daash."
And between government adviser that "open dialogues with them economically," likely that "witnessing the coming months, a dramatic rise on various fields, including soft loans given us to face the current crisis."
But the Foreign Relations Committee of the House of Representatives by Khalid al-Asadi was accused in a statement to the "New Morning," the United States "not to implement most of the terms of the strategic framework agreement signed in 2008 between the former Prime Minister Nuri al-Maliki, former US President George W. Bush."
He said al-Asadi, a senior leader of the coalition of state law, that "Washington has not provided economic, financial and humanitarian support to Iraq is expected, especially in the face of current conditions in conjunction with the global collapse of oil prices."
He pointed out that "Iraq has been waiting for the administration of real support in times of economic distress, but in the seasons of the financial well-being, we are not in need for them."
The member of the parliamentary Foreign Affairs Committee that "Washington's support was supposed to take two ways: the first work to give the Iraqi government the benefits of soft loans and the conditions allow him to address the distress suffered by them."
Asadi was to be the "other form of support lies in providing the right environment for investment through the support of the Iraqi experience, especially on the electronic side as to encourage foreign capital to come to the country."
He added that "loans that Iraq sought to obtain it from the International Monetary Fund and the World Bank, the national efforts purely through the arduous and lengthy negotiations and still some of the difficult conditions have not been agreed upon between the two sides so far."
Asadi and hinted that "the American role in these negotiations is almost non-existent, we could not find an impact on the lender side of Iraq."
For its part, according to the economic and investment commission member parliamentary Najiba Najib in commenting for "New Morning", that "the US-Iraqi agreement stipulates in its provisions on economic assistance."
She Najib, a member of the Kurdistan Alliance, that "the Commission does not have clear information on the support of Washington's economic supposed to Iraq in order to overcome the current crisis."
And it went to "American aid may be present at the level of military equipment through the granting of government weapons and equipment to sustain the momentum of the fight against the terrorist organization Daash."
Iraq and the United States signed in November 2008 end, the Convention called strategic framework to support Iraqi ministries and agencies in the transition from the strategic partnership with the Republic of Iraq to the economic, diplomatic, cultural and security fields, as well as providing sustainable important for the rule of law, including police development and completion of the coordination and oversight of the program The report of the Fund for Iraq relief and reconstruction.
It is expected that the relationship Iraq and the United States will continue during the next phase in what is known (the Strategic Framework Agreement) which provides for the exchange and partnership between the two countries in the economic, diplomatic and cultural fields
Article Ends
Today’s News
Today is Wednesday March 16th 2016. Still no RV. Sorry!
So lots of questions on emails to me lately on some of this recent garbage intel being put out in the dinar community. Will it ever end? Do you really believe this stuff?
So I listened for myself. It is funny again when I heard some more of this garbage intel on a replay of a conference call this week from one of the so called intel “gurus”. They talked about the bank codes being issued, but the banks still needed authorization to conduct exchanges of currency. Really? Then in the same breath they said some were exchanging already and being given hard cash in their live accounts and not SKRs. Really?
Let me explain just how foolish this stuff is, if you haven’t already picked up in it.
First they told everyone they could not exchange and are only waiting permission. Sounds like déjà vu to me all over again. Then they did exchange? So were they allowed to exchange or not? Are we all on the same planet? Of course none if is true so it’s a moot point anyhow even to argue over it.
This is how the process works. When the banks are given the codes it is time to use the codes and not before. This is the process. Get it! No delay. I have talked to many banks and the process is the same in each of them. No codes- No exchanges. No permission needed. The codes are the permission once the are delivered to the banks. Get it?
The UST will not give out the codes and then tell the banks to hold off in processing the currencies. Do you think this would instigate corruption? Simply will not and does not happen. Sorry!
So let’s get on with today’s honest news now that we have clarity on this point.
NO Hype, NO Rumors, just the FACTS.
Update: Iraqi Economy
So the recent talks and articles in this period past has been mostly about continuing the effort to bring Iraq into a new reality. To help prior to the finalization of this effort the US has decided to assist Iraq on loans. But be reassured these new loans do not come without a price for Iraq. It even tells us right in the title of the article using the word “concessional”. What is does not tell us what are the concessions. You can bet all the mandates for the needed reforms and new laws are included in these concessions.
Define concession – “the act of conceding or yielding, as a right, a privilege, or a point or fact in an argument”.
Article Begins
IRAN, IRAQ BANKING TIES TO NORMALIZE
3/14/2016
Baghdad, March 13, IRNA- In a visit with Governor of Central Bank of Iraq, Ali Al Alagh, Iranian ambassador to Iraq said that all banking relations between two countries will return to normal in upcoming days.
Iran, Iraq banking ties to normalize Hassan Danaie Far told IRNA that all banking services and cooperation will be re-established between the two countries.
An Iranian banking delegation is scheduled to have a trip to Iraq and it is expected to achieve a new understanding during this trip.
In the wake of lifting crippling sanctions imposed on Iran the Central Bank of Iraq employed measures regarding normalization of banking ties.
Experts expect considerable growth in Iraq-Iran bilateral turnover which was announced $12-14 billion for 2014.
Article Ends
Article Begins
JUBOURI CALLS FOR THE CENTRAL BANK TO LAY THE FOUNDATIONS REQUIRED FOR THE START OF THE ECONOMIC REFORM PROCESS
2016/3/14
Baghdad
Search Parliament Speaker Salim al-Jubouri, on Monday, with the central bank governor Ali Mohsen Keywords economic conditions and mechanisms and future plans to upgrade the banking business.
A statement by his press office received by all of Iraq a copy of the "al-Jubouri met with Central Bank Governor. During the meeting, trading in the overall economic conditions and mechanisms and future plans to upgrade the banking business in Iraq."
He Jubouri that "finding solutions to the current economic crisis would accelerate in finding solutions to the problems and political and security obstacles, which requires laying the foundations and vision required to start the process of economic reform."
He said the President of the House of Representatives, according to the statement that "the face of economic challenge no less important than the challenge of terrorism, which calls for urgent solutions and actions in the forefront of support for the banking sector to play its part required at the current stage."
Article Ends
Many of my readers commented on the article below and are thinking this has some impact in delaying the RV. Really? You only believe this notion because you have been told this by these so called intel “gurus”. These ignorant people have told you that all Iraq needs to do is RV and they will be rich and solve all their problems. You have been told these loans will put them back in a state of complacency and thus delay the RV even longer. So how will being rich solve their political problems, namely corruption? You tell me cause I don’t get it. Maybe I am dumb? Won’t it only give them yet more money to steal if they don’t first clean up the corruption?
Folks I keep telling you over and over again this is simply not the case. The RV will not fix all of Iraq’s problems. I said there are two paths to follow – political and financial. With fixing one while not fixing the other would only cause yet more damage and it maybe irreparable next time. So when these two paths converge (or collide, as many have told me), we will see the launching of the lower denoms (inflationary measure) and be on the way to the RV later.
Article Begins
PARLIAMENTARY FINANCE: THE GOVERNMENT PLANS TO TAKE {10} BILLION DOLLARS IN LOANS FROM WASHINGTON
{Baghdad} Euphrates News revealed the parliamentary finance committee member Ahmed al-Haj for the determination of the Iraqi government to take {10} billion dollars in loans from Washington.
Haj told {Euphrates News} Monday, " The US credits to Iraq amounting to {10} billion dollars, but we do not know you will be an investment or to support the general budget of the country."
He added that "Iraq is passing through a difficult financial crisis, but can not meet staff entitlements, thus imagine that these loans will be used in the field of salaries, and other investment issues in the country. "
he was economic adviser to Prime Minister appearance of Mohammed Saleh announced earlier to the media about the existence of the march of American loans to help Iraq 's financial situation.
Article Ends
Article Begins
GOVERNMENT UNVEILS "AMERICAN LOANS" WILL BE GIVEN TO IRAQ CONCESSIONAL. IT CONFIRMED THAT ECONOMIC SUPPORT NEGOTIATIONS WITH WASHINGTON REACHED AN ADVANCED STAGE
Monday, March 14 / 2016
BAGHDAD: The Promise Shammari (New Morning) - The government confirmed on Sunday that Washington 's continuing support Baghdad economically, indicating that the IAEA American Development promised Iraq constantly help him to cope with the current circumstances, while expected to witness the coming months to get soft loans and significant financial concessions as a result of for the negotiations that are currently underway.
Economic Adviser to the Council of Ministers, says the appearance of Mohammed Saleh said in an interview with "New Morning", "The United States gave Iraq a great support to various economic fields."
Saleh said that "this support got almost directly through the US Agency for International Development," pointing to "Meet collected Bmsaolh agency in the Middle East and promised Washington's willingness to provide various kinds of support."
"The US administration is also keen to support Iraq financially through its position in the International Monetary Fund."
And he went in favor of "As there is an important role for Washington through its leadership of the international coalition and to help Iraq militarily in the war against Daash."
And between government adviser that "open dialogues with them economically," likely that "witnessing the coming months, a dramatic rise on various fields, including soft loans given us to face the current crisis."
But the Foreign Relations Committee of the House of Representatives by Khalid al-Asadi was accused in a statement to the "New Morning," the United States "not to implement most of the terms of the strategic framework agreement signed in 2008 between the former Prime Minister Nuri al-Maliki, former US President George W. Bush."
He said al-Asadi, a senior leader of the coalition of state law, that "Washington has not provided economic, financial and humanitarian support to Iraq is expected, especially in the face of current conditions in conjunction with the global collapse of oil prices."
He pointed out that "Iraq has been waiting for the administration of real support in times of economic distress, but in the seasons of the financial well-being, we are not in need for them."
The member of the parliamentary Foreign Affairs Committee that "Washington's support was supposed to take two ways: the first work to give the Iraqi government the benefits of soft loans and the conditions allow him to address the distress suffered by them."
Asadi was to be the "other form of support lies in providing the right environment for investment through the support of the Iraqi experience, especially on the electronic side as to encourage foreign capital to come to the country."
He added that "loans that Iraq sought to obtain it from the International Monetary Fund and the World Bank, the national efforts purely through the arduous and lengthy negotiations and still some of the difficult conditions have not been agreed upon between the two sides so far."
Asadi and hinted that "the American role in these negotiations is almost non-existent, we could not find an impact on the lender side of Iraq."
For its part, according to the economic and investment commission member parliamentary Najiba Najib in commenting for "New Morning", that "the US-Iraqi agreement stipulates in its provisions on economic assistance."
She Najib, a member of the Kurdistan Alliance, that "the Commission does not have clear information on the support of Washington's economic supposed to Iraq in order to overcome the current crisis."
And it went to "American aid may be present at the level of military equipment through the granting of government weapons and equipment to sustain the momentum of the fight against the terrorist organization Daash."
Iraq and the United States signed in November 2008 end, the Convention called strategic framework to support Iraqi ministries and agencies in the transition from the strategic partnership with the Republic of Iraq to the economic, diplomatic, cultural and security fields, as well as providing sustainable important for the rule of law, including police development and completion of the coordination and oversight of the program The report of the Fund for Iraq relief and reconstruction.
It is expected that the relationship Iraq and the United States will continue during the next phase in what is known (the Strategic Framework Agreement) which provides for the exchange and partnership between the two countries in the economic, diplomatic and cultural fields
Article Ends
Article Begins
KEYWORDS: WE ARE WORKING ON THE "UPDATE" THE CENTRAL BANK SERVICES
BAGHDAD / News Network
Iraq declared the governor of the Iraqi Central Bank on the Keywords, Sunday, that the Bank continues to reform politics and renovation work of the Iraqi Central Bank services Badarath all, and cooperation with the Union of Arab Banks on long scientific grounds Mady.ozkr a press statement issued by the General Secretariat of the Union Arab banks today:
“Keywords visited today, Union headquarters in Beirut, and held talks with the Secretary General of the Federation and Sam Hassan Fattouh in the presence of a member of the board of Directors of the Federation and a representative of Iraq’s Kazem fistula and senior managers in the Union, and has during the visit to discuss the development of Arab banking relations – Arab and Lebanese – Alaracah. have statement, that the “Keywords briefed on the strategic plan for the Secretariat to intensify mutual activities in the Arab world, especially in Iraq, with the imminent Iraq held economic forum in Baghdad organized by the Central Bank of Iraq and the Union of Arab banks and the Association of Iraqi private banks Iraqi government agencies concerned with the economy and investment “, stressing Keywords according to the statement,” the Bank continues to reform politics and renovation work of the Iraqi Central Bank services Badarath all, and cooperation with the Union of Arab banks on long-term scientific basis “.
for his part, Secretary General of the Union stressed” the Union’s role in promoting inclusiveness financial in Iraq and other Arab countries in addition to the banking culture in general. “
Article Ends
Article Begins
MINISTER OF FINANCE RECOMMENDS THE APPLICATION OF THE ELECTRONIC SYSTEM FOR CUSTOMS TARIFF
Baghdad} Euphrates News Council of Ministers recommended at its meeting on Tuesday, the Ministry of Finance to apply the electronic system for customs tariff to speed up the clearance of goods Kmarkia process.
A source from the Council of Ministers, told {Euphrates News} today that "the Council of Ministers recommended during its regular headed by Haider Abadi, Chairman of the Board and in the presence of all the Ministers, the Ministry of Finance to apply the electronic system of tariff customs rather than manual clearance system to speed up cargo clearance process Kmarkia" .. follow
Article Ends
KEYWORDS: WE ARE WORKING ON THE "UPDATE" THE CENTRAL BANK SERVICES
BAGHDAD / News Network
Iraq declared the governor of the Iraqi Central Bank on the Keywords, Sunday, that the Bank continues to reform politics and renovation work of the Iraqi Central Bank services Badarath all, and cooperation with the Union of Arab Banks on long scientific grounds Mady.ozkr a press statement issued by the General Secretariat of the Union Arab banks today:
“Keywords visited today, Union headquarters in Beirut, and held talks with the Secretary General of the Federation and Sam Hassan Fattouh in the presence of a member of the board of Directors of the Federation and a representative of Iraq’s Kazem fistula and senior managers in the Union, and has during the visit to discuss the development of Arab banking relations – Arab and Lebanese – Alaracah. have statement, that the “Keywords briefed on the strategic plan for the Secretariat to intensify mutual activities in the Arab world, especially in Iraq, with the imminent Iraq held economic forum in Baghdad organized by the Central Bank of Iraq and the Union of Arab banks and the Association of Iraqi private banks Iraqi government agencies concerned with the economy and investment “, stressing Keywords according to the statement,” the Bank continues to reform politics and renovation work of the Iraqi Central Bank services Badarath all, and cooperation with the Union of Arab banks on long-term scientific basis “.
for his part, Secretary General of the Union stressed” the Union’s role in promoting inclusiveness financial in Iraq and other Arab countries in addition to the banking culture in general. “
Article Ends
Article Begins
MINISTER OF FINANCE RECOMMENDS THE APPLICATION OF THE ELECTRONIC SYSTEM FOR CUSTOMS TARIFF
Baghdad} Euphrates News Council of Ministers recommended at its meeting on Tuesday, the Ministry of Finance to apply the electronic system for customs tariff to speed up the clearance of goods Kmarkia process.
A source from the Council of Ministers, told {Euphrates News} today that "the Council of Ministers recommended during its regular headed by Haider Abadi, Chairman of the Board and in the presence of all the Ministers, the Ministry of Finance to apply the electronic system of tariff customs rather than manual clearance system to speed up cargo clearance process Kmarkia" .. follow
Article Ends
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