Post From Dinar Updates
Chat Room Excerpts & Highlights
Dinar Updates Sunday AM Chat 5-29-16 Part 2 of 3
rcookie says():WE CAN ADD CBI BOARD MEMBER AHMED REHN...AND FINANCE COMMITTEE MEMBER TAMIMI TO THE GROWING DAILY LIST OF THOSE SPEAKING OUT AGAINST CURRENCY AUCTIONS AND CBI'S OVERSIGHT OF THE PARTICIPATING ENTITIES....
rcookie says():SO THEY ARE IDENTIFYING THE OBVIOUS...LACK OF CONTROLS TO MAINTAIN THE CURRENCY ISIDE THE BORDERS OF IRAQ....
INTERESTING THAT TAMIMI BRINGS UP ABADIS EXPERIENCE OF AUCTIONS AND PROBLEMS WITH HIS TIME ON THE FINANCE COMMITTEE...
rcookie says():THEY POINT OUT THAT THE AUCTIONS HAVE CONTINUED IN SPITE OF ONGOING PROBLEMS AND FAILURE AND SHE CALLS ON ABADI TO STOP THE AUCTIONS BECAUSE HE IS AWARE OF PROS AND CONS OF THE AUCTIONS AND NEGATIVE IMPACT IT IS HAVING ON THE NATIONAL ECONOMY...
~~~
Chat Room Excerpts & Highlights
Dinar Updates Sunday AM Chat 5-29-16 Part 2 of 3
rcookie says():WE CAN ADD CBI BOARD MEMBER AHMED REHN...AND FINANCE COMMITTEE MEMBER TAMIMI TO THE GROWING DAILY LIST OF THOSE SPEAKING OUT AGAINST CURRENCY AUCTIONS AND CBI'S OVERSIGHT OF THE PARTICIPATING ENTITIES....
rcookie says():SO THEY ARE IDENTIFYING THE OBVIOUS...LACK OF CONTROLS TO MAINTAIN THE CURRENCY ISIDE THE BORDERS OF IRAQ....
INTERESTING THAT TAMIMI BRINGS UP ABADIS EXPERIENCE OF AUCTIONS AND PROBLEMS WITH HIS TIME ON THE FINANCE COMMITTEE...
rcookie says():THEY POINT OUT THAT THE AUCTIONS HAVE CONTINUED IN SPITE OF ONGOING PROBLEMS AND FAILURE AND SHE CALLS ON ABADI TO STOP THE AUCTIONS BECAUSE HE IS AWARE OF PROS AND CONS OF THE AUCTIONS AND NEGATIVE IMPACT IT IS HAVING ON THE NATIONAL ECONOMY...
~~~
THEY POINT OUT THAT THE AUCTIONS HAVE CONTINUED IN SPITE OF ONGOING PROBLEMS AND FAILURE AND SHE CALLS ON ABADI TO STOP THE AUCTIONS BECAUSE HE IS AWARE OF PROS AND CONS OF THE AUCTIONS AND NEGATIVE IMPACT IT IS HAVING ON THE NATIONAL ECONOMY...
rcookie says():AMAZINGLY SHE STATES THAT HE HAS BEEN PRESENTED WITH A SOPHISTICATED FINANCIAL SYSTEM PUT TOGETHER BY PANEL OF INT'L EXPERTS AND PRESENTED TO ABADIS SECRETARY ABU NOFAL BARNS IN NOVEMBER OF 2015!!!!!......AND HAS NOT REPLIED TO THE PROPOSAL AS YET.........WOW!!!
rcookie says():SHE STATES THAT SOME OF THE MECHANISMS PUT IN PLACE BY CBI ARE CUTTING OUT THE SMALLER BANKS BECAUSE OF NEGATIVE REVIEWS....SHE IS IN FOR SOME MIGHTY BIG DISAPPOINTMENT OFF OF THE REPORTS YESTERDAY
david334 says():Back to the liquidity bottleneck in the pr
david334 says():market
david334 says to rcookie():So the proposal to limit auctions to 10 banks is happeningor not. If they eliminate the dual currency will that not stop all this leakage. All very confusing as to whats happening. Abadi has been stalling on fixing the banking system ????
rcookie says():STALLING......WHAT?....
larrykn says to david334():what
larrykn says to david334():why don't you think before saying stuff like that sheeeeee
rcookie says():THEY HAVE BEEN WORKING WITH WORLD BANK SINCE 2008 TO RESTRUCTURE & PRIVATIZE THE SOB'S.....
AND THE BANKING REFORM IN LAST YEAR HAS BEEN AT BEYOND WARP SPEED.....WHAT STALLING.....THE ANTITHESIS TO STALLING.....
david334 says to rcookie): rcookie you sound concerned about the process advancing to the satisfaction of the IMF. I am not trying putting words in your mouth just trying to get your view on the end game
rcookie says():THE US PANEL IS IN BAGHDAD SETTING UP SHOP AT US EMBASSY TO OVERSEE CBI IMPLEMENTATION OF AUCTIONS GOING FORWARD....
IT IS COMMON KNOWLEDGE AS TO WHY IT HAS FAILED AND IRAQ HAS HAD ADEQUATE TIME TO REMEDY///THE US IS TAKING OVER..
avid334 says to rcookie():I guess I am not understanding your comment Abadi has been presented with a sophisticated financial recomendation by experts Nov 2015 and has not replied yet. Is that good or bad ?
rcookie says():I AM NOT CONCERNED WHATSOEVER AS THE NEWS REFLECTS INCENTIVIZATION AND PATH FOR IRAQ TO ACHIEVE ECONOMIC & FINANCIAL REFORM...
rcookie says():THE PANEL AND ITS SUGGESTIONS...COMMENTS PROPOSALS WERE WELL DOCUMENTED IN 2015...AND REFERENCED BY SALEH...ALAK AS TERTIARY OPTIONS THAT THEY HAVE NOT EXERCISED AS OF YET..
david334 says to larrykn(): It you are not an expert and just trying to strip the important from the non important it is complicated. I will stop asking questions I a,m not trying to offend anyone, but Abadi according to the news articles Is shifting his focus to resolving the auction process from getting a quorum on establishing a majority or consensus government.
rcookie says():IT IS GREAT IF THE PROPOSAL THEY REFER TO IS ABLE TO ACHIEVE THE STABILITY OF IQD IN THE ABSENCE OF AUCTIONS....WHICH SMELLS OF ARTICLE VIII OBLIGATIONS...
david334 says to rcookie():Thats great thats all I wanted to know. Thank you .
rcookie says to david334():THE 2 ISSUES ARE EXISTING AND OPERATING CONCURRENT WITH EACH OTHER...
rcookie says to david334():THE RECENT EVENTS STARTING FROM THE CBI ANNOUNCEMENT OF SETTING UP SHOP IN KURDISTAN...
AND THE COLLATERAL RSULTS OF THAT ANNOUNCEMENT...ALL THE WAY THROUGH FRIDAYS AND TODAYS NEWS IS AMAZING....AND SPEAKS DIRECTLY TO IMF AND US CONCERNS...
rcookie says to david334():ABADI IS NOT AFFORDED THE LUXURY OF SHIFTING HIS FOCUS FROM ONE ISSUE TO THE OTHER SINGULARLY....
rcookie says to david334():MR WHITE HAS A GREAT LINE FOR THE AUCTION SITUATION,..THEY HAVE BEEN APPLYING BAND AIDS AND COTTON BALLS TO THE AUCTION PROBLEM FOR YEARS AND CONTINUES TO FAIL.....NOW....THE SURGEON/SPECIALIST HAS BEEN CALLED IN TO OPERATE....
scottiegirl says to rcookie():(y)
dale says():Rcookie : What the woman on the finance committee is saying is obviously not something that Abadi doesn't know ...... do you think Abadi is just waiting for the right timing of a number of things to come together?
david334 says():Thanks rcookie. I am sure the expert panel will be comfortable in the US embassy
rcookie says to david334():MORESO THAN CBI..
wmawhite says():here you are folks,....for those who complain about Iraq receiving the IMF loans........this is what they truly mean: 29.05.2016 at 12:55 (Baghdad time)
Special scales News Counting of the economic and investment commission member of the Parliamentary Ahmed Kanani, on Sunday, Iraq's new funds from the International Monetary Fund, a step in the right direction to make Iraq is under international economic standards.
david334 says():Thats the truth
wmawhite says():Said Kanani, L / balance News /, said that "Iraq borrow from the International Monetary Fund makes Iraq abide by international standards and conditions, namely that Iraq abide by mandatory."
wmawhite says():He added that "those conditions will join the administrative affairs of the Iraqi economic system, in terms of customs duties and foreign companies dealing with investment, as well as how the funds and the benefits of operational, investment and Almoisntin management."
wmawhite says():these are the first three paragraphs. However look at this: "Iraq borrow from the International Monetary Fund makes Iraq abide by international standards and conditions, namely that Iraq abide by mandatory."
wmawhite says():Iraq borrow from the International Monetary Fund makes Iraq abide by international standards and conditions, namely that Iraq abide by mandatory."
wmawhite says():Iraq borrow from the International Monetary Fund makes Iraq abide by international standards and conditions, namely that Iraq abide by mandatory."
wmawhite says():Iraq borrow from the International Monetary Fund makes Iraq abide by international standards and conditions, namely that Iraq abide by mandatory."
wmawhite says():And Abizaid, "with evidence that IMF lending condition when Iraq to stop the grades, being the budget carrying large sums of money."
wmawhite says():He stressed Kanani, that "the IMF loan is a positive step in the situation in Iraq under the international system, which applies economic criteria Altikhaddm Iraqi economic reality, as well as its importance to the country under the current circumstances."
wmawhite says():It is said that the International Monetary Fund, World Bank and international partners have agreed, in the May 19, 2016, to give Iraq a loan of $ 15 billion at an interest rate of 1.5%
rcookie says():AMAZINGLY SHE STATES THAT HE HAS BEEN PRESENTED WITH A SOPHISTICATED FINANCIAL SYSTEM PUT TOGETHER BY PANEL OF INT'L EXPERTS AND PRESENTED TO ABADIS SECRETARY ABU NOFAL BARNS IN NOVEMBER OF 2015!!!!!......AND HAS NOT REPLIED TO THE PROPOSAL AS YET.........WOW!!!
rcookie says():SHE STATES THAT SOME OF THE MECHANISMS PUT IN PLACE BY CBI ARE CUTTING OUT THE SMALLER BANKS BECAUSE OF NEGATIVE REVIEWS....SHE IS IN FOR SOME MIGHTY BIG DISAPPOINTMENT OFF OF THE REPORTS YESTERDAY
david334 says():Back to the liquidity bottleneck in the pr
david334 says():market
david334 says to rcookie():So the proposal to limit auctions to 10 banks is happeningor not. If they eliminate the dual currency will that not stop all this leakage. All very confusing as to whats happening. Abadi has been stalling on fixing the banking system ????
rcookie says():STALLING......WHAT?....
larrykn says to david334():what
larrykn says to david334():why don't you think before saying stuff like that sheeeeee
rcookie says():THEY HAVE BEEN WORKING WITH WORLD BANK SINCE 2008 TO RESTRUCTURE & PRIVATIZE THE SOB'S.....
AND THE BANKING REFORM IN LAST YEAR HAS BEEN AT BEYOND WARP SPEED.....WHAT STALLING.....THE ANTITHESIS TO STALLING.....
david334 says to rcookie): rcookie you sound concerned about the process advancing to the satisfaction of the IMF. I am not trying putting words in your mouth just trying to get your view on the end game
rcookie says():THE US PANEL IS IN BAGHDAD SETTING UP SHOP AT US EMBASSY TO OVERSEE CBI IMPLEMENTATION OF AUCTIONS GOING FORWARD....
IT IS COMMON KNOWLEDGE AS TO WHY IT HAS FAILED AND IRAQ HAS HAD ADEQUATE TIME TO REMEDY///THE US IS TAKING OVER..
avid334 says to rcookie():I guess I am not understanding your comment Abadi has been presented with a sophisticated financial recomendation by experts Nov 2015 and has not replied yet. Is that good or bad ?
rcookie says():I AM NOT CONCERNED WHATSOEVER AS THE NEWS REFLECTS INCENTIVIZATION AND PATH FOR IRAQ TO ACHIEVE ECONOMIC & FINANCIAL REFORM...
rcookie says():THE PANEL AND ITS SUGGESTIONS...COMMENTS PROPOSALS WERE WELL DOCUMENTED IN 2015...AND REFERENCED BY SALEH...ALAK AS TERTIARY OPTIONS THAT THEY HAVE NOT EXERCISED AS OF YET..
david334 says to larrykn(): It you are not an expert and just trying to strip the important from the non important it is complicated. I will stop asking questions I a,m not trying to offend anyone, but Abadi according to the news articles Is shifting his focus to resolving the auction process from getting a quorum on establishing a majority or consensus government.
rcookie says():IT IS GREAT IF THE PROPOSAL THEY REFER TO IS ABLE TO ACHIEVE THE STABILITY OF IQD IN THE ABSENCE OF AUCTIONS....WHICH SMELLS OF ARTICLE VIII OBLIGATIONS...
david334 says to rcookie():Thats great thats all I wanted to know. Thank you .
rcookie says to david334():THE 2 ISSUES ARE EXISTING AND OPERATING CONCURRENT WITH EACH OTHER...
rcookie says to david334():THE RECENT EVENTS STARTING FROM THE CBI ANNOUNCEMENT OF SETTING UP SHOP IN KURDISTAN...
AND THE COLLATERAL RSULTS OF THAT ANNOUNCEMENT...ALL THE WAY THROUGH FRIDAYS AND TODAYS NEWS IS AMAZING....AND SPEAKS DIRECTLY TO IMF AND US CONCERNS...
rcookie says to david334():ABADI IS NOT AFFORDED THE LUXURY OF SHIFTING HIS FOCUS FROM ONE ISSUE TO THE OTHER SINGULARLY....
rcookie says to david334():MR WHITE HAS A GREAT LINE FOR THE AUCTION SITUATION,..THEY HAVE BEEN APPLYING BAND AIDS AND COTTON BALLS TO THE AUCTION PROBLEM FOR YEARS AND CONTINUES TO FAIL.....NOW....THE SURGEON/SPECIALIST HAS BEEN CALLED IN TO OPERATE....
scottiegirl says to rcookie():(y)
dale says():Rcookie : What the woman on the finance committee is saying is obviously not something that Abadi doesn't know ...... do you think Abadi is just waiting for the right timing of a number of things to come together?
david334 says():Thanks rcookie. I am sure the expert panel will be comfortable in the US embassy
rcookie says to david334():MORESO THAN CBI..
wmawhite says():here you are folks,....for those who complain about Iraq receiving the IMF loans........this is what they truly mean: 29.05.2016 at 12:55 (Baghdad time)
Special scales News Counting of the economic and investment commission member of the Parliamentary Ahmed Kanani, on Sunday, Iraq's new funds from the International Monetary Fund, a step in the right direction to make Iraq is under international economic standards.
david334 says():Thats the truth
wmawhite says():Said Kanani, L / balance News /, said that "Iraq borrow from the International Monetary Fund makes Iraq abide by international standards and conditions, namely that Iraq abide by mandatory."
wmawhite says():He added that "those conditions will join the administrative affairs of the Iraqi economic system, in terms of customs duties and foreign companies dealing with investment, as well as how the funds and the benefits of operational, investment and Almoisntin management."
wmawhite says():these are the first three paragraphs. However look at this: "Iraq borrow from the International Monetary Fund makes Iraq abide by international standards and conditions, namely that Iraq abide by mandatory."
wmawhite says():Iraq borrow from the International Monetary Fund makes Iraq abide by international standards and conditions, namely that Iraq abide by mandatory."
wmawhite says():Iraq borrow from the International Monetary Fund makes Iraq abide by international standards and conditions, namely that Iraq abide by mandatory."
wmawhite says():Iraq borrow from the International Monetary Fund makes Iraq abide by international standards and conditions, namely that Iraq abide by mandatory."
wmawhite says():And Abizaid, "with evidence that IMF lending condition when Iraq to stop the grades, being the budget carrying large sums of money."
wmawhite says():He stressed Kanani, that "the IMF loan is a positive step in the situation in Iraq under the international system, which applies economic criteria Altikhaddm Iraqi economic reality, as well as its importance to the country under the current circumstances."
wmawhite says():It is said that the International Monetary Fund, World Bank and international partners have agreed, in the May 19, 2016, to give Iraq a loan of $ 15 billion at an interest rate of 1.5%
wmawhite says():Folks,.........this is another example.....or you can say,.evidence that Iraq (CBI, GOI) has entered the global economy market.
wmawhite says():Iraq borrow from the International Monetary Fund makes Iraq abide by international standards and conditions, namely that Iraq abide by mandatory."
wmawhite says):.......let me ask........
wilson6060 says():awesome ty
wmawhite says():what other IMF standard/condition is mandatory?????????????
wmawhite says():Hello...........Article 8.............???
wmawhite says():International Monetary Fund makes Iraq abide by international standards and conditions, namely that Iraq abide by mandatory."
david334 says to wmawhite():Thank you wmawhite and as you said the final step will be the GOI paying remittances in IQD.
wmawhite says():I M O
wmawhite says to david334():clarify..........the CBI instructed the banks.........
wmawhite says to david334():instructing*
RickeyT says():nothing etched in stone? LOL
wmawhite says to RickeyT():mandatory."
wmawhite says to RickeyT():Look it up in the IMF dictionary......................mandatory=etched in stone.......
david334 says to wmawhite():Sorry CBI. No one else other than your team has the intectual grasp to make a logical guesstimate.
wmawhite says():Iraq borrow from the International Monetary Fund makes Iraq abide by international standards and conditions, namely that Iraq abide by mandatory."
wmawhite says):.......let me ask........
wilson6060 says():awesome ty
wmawhite says():what other IMF standard/condition is mandatory?????????????
wmawhite says():Hello...........Article 8.............???
wmawhite says():International Monetary Fund makes Iraq abide by international standards and conditions, namely that Iraq abide by mandatory."
david334 says to wmawhite():Thank you wmawhite and as you said the final step will be the GOI paying remittances in IQD.
wmawhite says():I M O
wmawhite says to david334():clarify..........the CBI instructed the banks.........
wmawhite says to david334():instructing*
RickeyT says():nothing etched in stone? LOL
wmawhite says to RickeyT():mandatory."
wmawhite says to RickeyT():Look it up in the IMF dictionary......................mandatory=etched in stone.......
david334 says to wmawhite():Sorry CBI. No one else other than your team has the intectual grasp to make a logical guesstimate.
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