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Friday, May 20, 2016

Dinar Updates Friday AM Chat  5-20-16   Part 3 of 3

​DINAR UPDATES  5-20-16
Post From Dinar Updates
Chat Room Excerpts & Highlights
 
Dinar Updates Friday AM Chat  5-20-16   Part 3 of 3
 
loop says():This article was brought into the chat by Mr. White
 
Urgent .. Iraq gets a financial certificate enables him to deal with international banks with high confidence
 
History of edits:: 2016/5/19 17:17 {BAGHDAD: Iraq's Euphrates News} got a financial certification by the IMF gives him a chance to deal with all international banks with high confidence.
 
The International Monetary Fund, and international partners, the World Bank had agreed to give Iraq a loan of {15} billion dollars ..itba h ..
 ~~~
http://ift.tt/1XomNne
 
Alembic86 says to wmawhite():OK...

wmawhite says ():  Come on folks,..........the IMF is not keeping secrets.........they told the world and told the G-7 countries that they can conduct business with Iraq (CBI and it's banks) "with confidence"!!!!
 
wisconsindinar says():I hope they mean international business in Dinars
 
Scotzgirl says to wmawhite():That's huge, what we've been waiting for
 
mudcat says():The Facts indicate a Great Day coming soon and that gives me a Great Feeling!!

loop says():Incredibily positive news. Major step forward the the direction the we want IMO
 
wmawhite says to wisconsindinar():If Iraq if going to do just what the IMF said the world can do.........................then, the question is is it international????
 
Here is a hint; The Group of 7 (G7) is a group consisting of Canada, France, Germany, Italy, Japan, the United Kingdom, and the United States.
 
mudcat says():No Crickets wmawhite we were all doing this...
 
wmawhite says to wisconsindinar():Would that be international business?
 
mudcat says():hehe
wisconsindinar says():yes the G7 is an international group
 
Scotzgirl says to mudcat():love him!
 
diagyAAAE says():i heard some spill about 25k notes being only equal to 25iqd? any truth?
 
mudcat says to Scotzgirl():Metoo..makes me laugh so hard!!
mudcat says to diagyAAAE():That is a LOP..not going to happen
 
BGG says():I guess I'm just in need of a lot more convincing... if the Kurds and Baghdad are so on the "outs" - why did the CBI just agree to open a CBI (a branch of the Iraq CBI) in Kurdistan?? Explain this to me...
 
localcats says():article 8
 
_firefly_ says to BGG():How fast people forget
wisconsindinar says():forget what? LOL
 
mudcat says():They are like hearding cats but one thing they seem to have in common is they want to be economicly better
 
BGG says to _firefly_():48 hours... and one bad piece of "guru-ism" and people forget everything they've read... which MIGHT BE THE PROBLEM.

Start reading it for YOURSELF. That's why we wrote it down and passed it on FOR FREE!!
BGG says to _firefly_():not to you - per se;
 
mudcat says():The Kurds need the Bagy's and the Bagy's need the Kurds...They are like the Hatfieldites and the McCoyites
 
wmawhite says():Folks.........try to let this sink in: wmawhite says(11:56 AM):We also know as a FACT that Iraq will be receiving loans/funds...not......from the World Bank, but instead from the G-7.....what is the G-7???

The Group of 7 (G7) is a group consisting of Canada, France, Germany, Italy, Japan, the United Kingdom, and the United States.
 
wmawhite says():From above........don't get catch up on the "certificate".....
 
wmawhite says():"Certificate".is IMO, acknowledgement of Iraq "ENTERING" moving from one status to another. There is something different about Iraq today, according to the IMF.
 
wisconsindinar says():The CBI is independent of both baghdad and Kurdistan (I thought ) , I would not necessarily see the CBI move as an indicator of how well baghdad and the kurds are gettiong along ? Am I missing your point?
 
mudcat says():Iraq hasen't quite got the concept down that United we Stand...Divided we fall yet...but $$$$ have a way of moving the cats closer together
 
wmawhite says to wisconsindinar():Try it from a different angle............why would the CBI decide to put one of its branched in erbil/Arbil? First of all, the CBI would require an approval from the Kurds to do so.
 
_firefly_ says to BGG():Sorry had tyo answer door. Follow the facts people, not speculation. Facts are in Ink at the IMF, BIS, UN, WB, Law Library
 
mudcat says():Maybe that is where they want them to put the Oil Revenues that they get so they can keep everyone honest...???
 
wmawhite says to mudcat():As the CBI has repeatedly stated...........the CBI is not the government's personal account.
 
mudcat says to wmawhite():Yep
 
_firefly_ says():Appears to me that Alak IS playing ball. Good for him !
subgirl says to _firefly_():(y)
 
_firefly_ says():Why do I say that? Read the IMF reports this past week
 
subgirl says():Folks.........try to let this sink in: wmawhite says(11:56 AM):We also know as a FACT that Iraq will be receiving loans/funds...not......from the World Bank, but instead from the G-7.....what is the G-7??? The Group of 7 (G7) is a group consisting of Canada, France, Germany, Italy, Japan, the United Kingdom, and the United States.
 
wmawhite says():From above........don't get catch up on the "certificate".....
wmawhite says():"Certificate".is IMO, acknowledgement of Iraq "ENTERING" moving from one status to another. There is something different about Iraq today, according to the IMF.
 
subgirl says():thank you Mr White :)
subgirl says to sheila3():hey there :) made it home lol
sheila3 says to subgirl():yayyy lol
 
mudcat says():I am just a dumb country boy but seems to me if you Enter the world markets you have to have a currency that has some value...1/10th a penny value is no way gonna work
 
mudcat says():Soooo....a RV has to be about ready to POP like Popcorn
 
wisconsindinar says():mud the Dong is worth less that the dinar and they funtion?
 
JAMVOX says():1/10 of acent has been working for the last 12 yrs
 
rcookie says to wisconsindinar():WOULD HAVE TO DISAGREE WITH THAT ASSESSMENT...ONE OF THE PERFUNTORY ROLES OF CBI IS IN OVERSIGHT AUDIT AND REGULATIONS OF BANKS AND FINANCIAL INSTITUTIONS AS WELL AS OTHER FUNCTIONS...KEYWORDS JUST RECENTLY SPELLED OUT REARDING THE NEW KURD CBI...
 
mudcat says():They do it to keep labor costs down..Iraq is a exporter of Raw Materials...
 
rcookie says to wisconsindinar():PERFUNCTORY*
 
wisconsindinar says():Thanks rcookie...i understand the CBI role, I just can't connect how this move sheds light on the relationship or Baghdad and the Kurds ?
 
rcookie says to wisconsindinar():
d. provide services as advisor and fiscal agent to the Government in accordance with Section 4;
 
e. provide liquidity services to banks in accordance with Articles 28 and 30;
 
f. issue and manage Iraqi currency in accordance with Section 7;
 
g. compile and publish data on the banking and financial system and the economy in accordance with Article 41;
 
h. establish, oversee and promote sound and efficient payment systems in accordance with Article 39;
 
i. issue licenses or permits to banks and to regulate and supervise banks as further specified in this Law and in the Banking Law;
 
j. open and maintain accounts on the books of foreign central banks and international financial organizations;
 
rcookie says to wisconsindinar():HANG ON 1 SEC..
 
rcookie says to wisconsindinar():THIS WAS FROM ALAK INTERVIEW WITH ROUDAO...
 
rcookie says to wisconsindinar():Roudao: Do you expect to reach the Kurdistan Regional Government to deal with the Iraqi government on the public budget?
 
Keywords: I got in the recent period some contacts mission between the Kurdistan Regional Government, the federal government, and there is a tendency and desire to solve problems related to, but recent political circumstances had a negative impact on the continuation of the negotiations, and we hope in the coming days to resume talks between the federal government and the Kurdistan Regional Government, and to reach an agreement satisfactory to both parties.
 
http://ift.tt/1OJcfxs
 
rcookie says to wisconsindinar():Roudao: How would you describe the relations between the Kurdistan Regional Government and the Iraqi government in the economic field, and what is the level of your dealings with the banks of the Kurdistan Region?
 
Keywords: central bank being meetings with the Kurdistan Regional Government at a very high level, in order to be the central bank's real role in the region, including helping to found the banking sector development and support of financial institutions, and provides a legal, financial, and regulatory and supervisory cover is very important,
 
and this hurt mainly the first is in the interest of the Kurdistan region, nor can any geographical area that the banks operate without there being a central bank have linked the presence of these banks, and can deal through it.
 
 Read More http://ift.tt/1OJcfxs
rcookie says to wisconsindinar():Roudao: Do you confess banks in the territory of Kurdistan and do you consider within the branches of the Central Bank?
 
Keywords: branches found within the territory of Kurdistan present their situation does not represent a part or a branch of the Central Bank of Iraq, and this confuses the work and does not help the region that provides the proper framework for the briefing to operate the banking and financial institutions in the Kurdistan region,
 
so we had talks with the Prime Minister of the Kurdistan Region, Nechirvan Barzani, and we agreed that there is a real central bank in the Kurdistan region, and to be part of the Central Bank of Iraq, and has all the requirements and specifications, currently we do the detailed procedures relating to this trend.
 
 Read More : http://ift.tt/1OJcfxs
 
BGG says to rcookie():Thank you for posting that!! I was just looking for it :D
 
wisconsindinar says():Sorry had to read it a few times....I now see the connection. Thanks,
 
rcookie says to wisconsindinar():I THINK THIS UNDERSCORES THE IMORTANCE AND DEPTH OF THE RELATIONSHIP BETWEEN KURDISTAN AND CENTRAL....
 
DESCRIBING MEETINGS BETWEEN CBI & KURDS AT VERY HIGH LEVEL...AND CENTRAL BANKS REAL ROLE IN THE REGION...INCLUDING HELPING FOUND BANKING SECTOR DEVELOPMENT & SUPPORT FINANCIAL INSTITUTIONS....
 
PROVIDE LEGAL, FINANCIAL, REGULATORY AND SUPERVISORY COVER WHICH IS VERY IMPORTANT IN THE INTEREST OF KURD REGION...AND...INDICATE THAT THERE CAN BE NO GEOGRAPHICAL AREA THAT BANKS CAN OPERATE WITHOUT THERE BEING A CENTRAL BANK WITH DIRECT LINK AND OVERSIGHT TO THE PRESENCE OF THESE BANKS.....
 
rcookie says to wisconsindinar():COMPLETE TRANSPARENCY AND OVERSIGHT OVER ALL KURD BANKS & FINANCIAL INSTITUTIONS....
 
wisconsindinar says():Thanks....great work !
wisconsindinar says():Now if they would just raise the value ! LOL
 
rcookie says to wisconsindinar():NOW...REMEMBER THE GOIS DISCOVERY OF MULTIPLE BANKS AND ACCOUNT PROCESSING OVER KURD OIL SALES...WHICH GOI DIDNT TRUST TO BEGIN WITH....
 
THIS IS OVER ....BECAUSE NOT ONLY ARE THE OIL CONTRACTS BEING COMPLETELY REVIEWED AND REVISED....WITH THIS OVERSIGHT THERE WILL BE TIMELY, ACURATE, AND TRANSPARENT FINACIAL REPORTING FROM KURDS WHICH IS AN IMF MANDATE.....JUST FURTHER OUTLINED THIS MORNING....
 
rcookie says to wisconsindinar():Saleh added that " the Fund to impose conditions on the Iraqi side in exchange for the loan, including the control of the Integrity Commission and the Office of Financial Supervision and devices anti - money laundering in financial transactions,
 
in addition to the settlement of dues of oil companies and avoid the accumulation of dues , " he said , adding that " the International Monetary conditions are also included subjecting the entire income and allowances of senior staff to the income tax, and the exclusion of the armed forces and junior staff of the income tax provisions. "
 
 Read More : http://ift.tt/1XomRU2;
wisconsindinar says():This just shows how far Iraq needed to come, just happy they are on the right course...
 
rcookie says to wisconsindinar():AGREED!!
 
wisconsindinar says():Thanks again brother ! Got to run ! have a great week-end !!
 
rcookie says to wisconsindinar():IMF IN CONTROL OF INTEGRITY AND OFFICE OF FINANCIAL SUPERVISION AND ALL AML MECHANISMS AND FINANCIAL TRANSACTIONS...
 
rcookie says():THE GRAVY TRAIN SPIGOTS GETTING TURNED OFF....
rcookie says():SADR CONDEMS VIOLENCE AGAINST THE PROTESTERS.......
 
rcookie says():HO HUM....(INSERT SCHLEPROCK VOICE HERE)....HESES SOME MORE DOOM & GLOOM NEWS ABOUT IRAQ......MOAN.......
 
Dr Dave says():5 billion plus another 15 billion....|?
 
rcookie says():Fitch: Iraq's agreement with the IMF will enable it to issue an international bond
 
May 20, 2016 19:31 Direct: agency Fitch Ratings said Friday that Iraq has an agreement with the IMF will open the way to get more international support and the possibility of issuing bonds to global markets.
 
I followed Fitch in a statement directly briefed on a copy of the agreement a firm offer of credit rating of the country.
 
Iraq has signed an agreement with the IMF this week under which Baghdad could get aid worth $ 5.4 billion , it has a positive effect on the credit rating of the country.
 
Fitch predicted that Iraq's budget deficit in 2016 to rise to 15%.
 
http://ift.tt/1OEU9Y5
 
Dr Dave says():IMF opened their Door?
 
rcookie says():OHHHHH THE HUMANITY!!...........SAME STORY DIFFERENT DAY....SAME OLE SAME OLE......SEEN IT ALL BEFORE...........MOAN.....
 
Dr Dave says():B minus credit rating though?
 
rcookie says to Dr Dave():THEY JUST TOLD YOU THE SBA LOAN WILL HAVE POSITIVE EFFECT ON CREDIT RATING...........


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