Post From Dinar Updates
Chat Room Excerpts & Highlights
Dinar Updates Wednesday PM Chat 5-25-16 Part 2 of 3
rcookie says():ALNASIRI ASSERTS ECONOMY WILL BE ACTIVATED BY SMALL & MEDIUM PRIVATE ENTERPRISES AND URGENCY TO HAVE CENTRAL BANK TARGET AS PRIORITY SUPERVISING & REGULATING INITIATIVES THAT WILL DOUBLE THE PROGRAM ALLOCATIONS TO 10 TRILLION DINARS....
dovi says():do we consider the timing of the visit to Vietnam as having anything to do with raising the rate of the Dong?
JETSET says():some do...
rcookie says():THEY OUTLINE SOME OF THE THINGS HOLLYS IRAQI BANK CONTACTS REFER TO..
IN CURRENT BANK FINANCING OBSTACLES & FAILURES AND NEED TO GROW THE CREDIT PRODUCT & FINANCING FROM BANKS IN ORDER TO ACTIVATE THEIR CONTRIBITION TO THE ECONOMY AND DEVELOPMENT (WHICH IS WHY THEY ARE BEING RESTRUCTURED & PRIVATIZED TO BEGIN WITH)...
~~~
Chat Room Excerpts & Highlights
Dinar Updates Wednesday PM Chat 5-25-16 Part 2 of 3
rcookie says():ALNASIRI ASSERTS ECONOMY WILL BE ACTIVATED BY SMALL & MEDIUM PRIVATE ENTERPRISES AND URGENCY TO HAVE CENTRAL BANK TARGET AS PRIORITY SUPERVISING & REGULATING INITIATIVES THAT WILL DOUBLE THE PROGRAM ALLOCATIONS TO 10 TRILLION DINARS....
dovi says():do we consider the timing of the visit to Vietnam as having anything to do with raising the rate of the Dong?
JETSET says():some do...
rcookie says():THEY OUTLINE SOME OF THE THINGS HOLLYS IRAQI BANK CONTACTS REFER TO..
IN CURRENT BANK FINANCING OBSTACLES & FAILURES AND NEED TO GROW THE CREDIT PRODUCT & FINANCING FROM BANKS IN ORDER TO ACTIVATE THEIR CONTRIBITION TO THE ECONOMY AND DEVELOPMENT (WHICH IS WHY THEY ARE BEING RESTRUCTURED & PRIVATIZED TO BEGIN WITH)...
~~~
ACTIVATING SOFT LOANS FROM ALL BANKING SECTORS IN ADDITION TO ADDRESSING SOLUTIONS FOR PROBLEMS OF STALLED PROJECTS..
AND DESCRIBE FISCAL POLICY THAT INCLUDES PROACTIVE CONTROL...
AUDIT AND EVALUATION IN CONTINUOUS COORDINATION BETWEEN FISCAL & MONETARY POLICIES WITH MONETARY MECHANISMS.....
YEAH.....SAME OLE SAME OLE IRAQ...SEEN IT ALL BEFORE....RESPONSIBLE PROACTIVE CONTROL & AUDIT.....LOL...
udder says():Maliki had audits done weekly.... To see how much he could steal...lol
Baxter says():thx RCookie for the articles above.... appreciate it.. (y)
Hutch says():Great breakdown and recap. Thanks for all you do !!!
Hutch says():FOR RCOOKIE
rcookie says():SECURE TECHNICAL & LEGAL REQUIREMENTSBETWEEN GOV'T AND PRIVATE BANKS ON 1 HAND AND INTERNATIONAL BANKS ON THE OTHER...
AND EVOLUTION OF PAYMENT SYSTEMS...AS WELL AS MODERNIZE & REGULATE MONRTARY AND FISCAL TRADING OPERATIONS ON PAR WITH LATEST MODERN ELECTRONIC BANKING SYSTEMS IN THE WORLD....
ALONG WITH REVIEW & EVALUATE...AND RECLASSIFY BANKS ACCORDING TO EFFICIENCY STANDARDS OF PERFORMANCE (RIGHT OUT OF LOI/MEFP/TECH MOU)...AUDITED BY NEUTRAL 3RD PARTY INT'L ORGANIZATIONS UNDER CBI SUPERVISION & AUTHORITY...
rcookie says():ENDS HIS SPEECH WITH OUTLINING IMPORTANCE OF CBI ANALYTICAL STUDY....WHICH AGAIN WAS CALLED FOR IN IMF LOI.......TAKEN RIGHT FROM PLAYBOOK...
Scotzgirl says():Has there been any more info about CBI cancelling $500 Dinar note since Firefly brought it in this morning?
bibi says to rcookie():Thanks for the recap, Rcookie. Very helpful.
rcookie says():SORRY FIRE...WAS SCROLLED UP GOING THROUGH THAT ARTICLE..AS IT JUST HAD COME OUT...
rcookie says():Security forces during the liberation hand Amiriyah Fallujah areas battles, on Wednesday (May 25 2016).
4 of the most prominent tribes of Fallujah , 30 thousand fighters involved in the editing process
Writer: Editor: AZ 26/05/2016 00:42 Number of Views: 161 Long-Presse / Baghdad
On the third day of the liberation of Fallujah starting operations, close the joint forces are still from the outskirts of the city, and did not decide to enter.
This comes at a time when the local official criticized what he described as "sectarian behavior" which he said was made by some factions of the popular crowd, threatening the loss of sympathy for parents.
There are conflicting reports about the fact retake control of joint forces on the vine spend Center, the town, which lies to the east of Fallujah, as stated in an earlier statement to lead the operations.
After midnight on Sunday announced the general commander of the armed forces, Prime Minister Haider al-Abadi starting edit Fallujah operation.
It took various military formations, estimated at more than 30 thousand element, including some of the thousands of tribal fighters of Al-Anbar, the city of 4 axes. And began to organize Daash, according to local officials, the confused and request the support of the population through continuous calls in the mosques of Fallujah unanswered.
The results of the military operations, during the past two days, the liberation of the vine spend, which Baghdad operations, and factions of the popular crowd failed, restore it, despite its use by the organization as a conduit to attack Baghdad.
rcookie says():30,000 INVOLVED IN FALLUJAH...
Hutch says to rcookie():Holy Smokes !
larrykn says():and how many isis members are there -- did I read 1000
Hutch says():Something small like that
larrykn says():looks like a one sided battle to me :)
Baxter says():30,000.... against 1000.... and they are in their third day... still outside of the city?? really
jtank says():something is not right- why 30k?
jtank says():unless the 1000 # is wrong
jeffjane says to rcookie():How big a blow was the court decision today for Maliki?
rcookie says to jeffjane():SUBSTANTIAL...
jeffusa says to rcookie():have you done your summary yet? it's the best part of the day?
rcookie says to jeffjane():HERE IS A RECAP FOR NEWS TODAY...
rcookie says to jeffjane):PARLIAMENT
FEDERAL COURT RULES IN JABOURI FAVOR...FED COURT POSTPONES INVITING 2 SESSIONS OF HOR UNTIL SUNDAY 29TH...
FEDERAL COURT SHALL APPOINT EXPERT TO RULE ON NUMBER OF ATTENDEES FOR 2 APRIL SESSIONS...
LIBERAL BLOC STATES ATTEND OF SUNDAY SESSION LINKED TO ABADI PRESENCE & ADDRESSING CABINET RESHUFFLE REFORM...
SALIM BLOC SHAWQI STATES ABADI WILL ATTEND SUNDAY SESSION & VOTE ON CABINET RESHUFFLE...
PARLIAMENT RAPPORTEUR REPORTS CABINET RESHUFFLE VOTE WILL OCCUR ON SUNDAY IN COMPREHENSIVE SESSION...
KURDS REMAIN FLEXIBLE TO BAGHDAD RETURN IN WAKE OF FEDERAL VIEW AND VOW NOT TO ALLOW JABOURIS VISIT TO REGION LAST WEEK “PERFUME THOUGHTS” OF THE CORE KURD CONCERNS & DECIDE IN COMING HOURS...
FEDERAL COURT COMBINES 2 SESSION CONSTITUTIONALITY SUITS TO BE HEARD ON SUNDAY...
PARLIAMEN LEGAL COMMITTEE STATES IMF LOAN LOAN WILL NOT PASS WITHOUT OUT CONSENT (IM SORRY BUT THAT’S HILARIOUS!)...
rcookie says():SECURITY
INTERIOR MINISTER GHABAN ARRIVES IN FALLUJAH & STATES LIBERATION A 3 PHASE OPERATION & CURRENTLY IN PHASE 2 AS SECURITY MEETING WITH MILITARY LEADERS HELD...
ABADI STATES COMING DAYS WILL SEE FULL LIBERATION OF FALLUJAH...
ISF LIBERATE ALBOHGEL IN NORTHERN AXIX FALLUJAH...
TOTAL CURFEW IMPOSED IN FALLUJAH UNTIL FURTHER NOTICE...
ANBAR OPERATIONS COMMAND DECLARES CLEARING OF ISLAND OF KHALIDIYA...
BARZANI MEETS WITH COMMANDER OF MOSUL LIBERATION PROCESS.....
JORDAN DECLARES READINESS TO LAUNCH MILITARY CAMPAIGN TO SECURE ITS BORDERS AGAINST ISIS IN SYRIA...PESHMERGA CARRY OUT SECURITY OPERATIONS SOUTH OF KIRKUK...
ISIS ELEMENTS DISGUISING THEMSELVES AS SHEPHERDS OUTSIDE FALLUJAH...SHAMMARI STATES ALL SUNNI PROVINCES REJECT PARTICIPATION OF POPULAR CROWN IN FALLUJAH LIBERATION...
ISF FORCES TRAINING IN JORDAN ON DIFFUSE IED DEVICES...4 OF MOST PROMINENT TRIBES 30,000 STRONG INVOLVED IN FALLUJAH OPERATIONS...
CIVILIAN PROTECTION & SECURITY AT HEART OF FALLUJAH MILITARY OPERATIONS...ISF DISMANTLE 37 IED OUTSIDE MAIN FALLUJAH ROUTE...
BAGHDAD SECURITY REVEAL THE DEPLOYMENT OF TROOPS IN CAPITAL TO DETECT Z”SLEEPER CELLS”...
MALIKI CALLS FOR CONTINUED INDESCRIMINATE SHELLING TO CONTINUE IN FALLUJAH AFTER SURPRISE INSPECTION..F16’S DESTROY FACILITY PRODUCE CAR BOMBS OUTSIDE FALLUJAH...
swan2013 says to rcookie():I LIKE THE PERFUME THOUGHTS!!! LOL
rcookie says():FINANCIAL/INVESTMENT/BUSINESS
AUCTIONS AT $125 MILLION...OIL RISES CLOSE TO $50/BARREL AT $49.35...
PLANNING MINISTRY IDENTIFIES AGRICULTURE CONTRIBUTE 7% OF GDP CALLS FOR FURTHER EFFORTS TO PROMOTE NATIONAL PRODUCTION...
RAFIDAIN BANK CANCELS CONTRACT OF 4 YEARS WITH CHECKING CLEARINGHOUSE COMPANY ON SUSPICIONS OF CORRUPTION “SIGNIFICANT BREACHES”...
BP & SHELL ARE PLANNIING TO DOUBLE THEIR PRODUCTION OF OIL IN IRAQS SOUTHERN OIL FIELDS...
IRAQI EXPERTS CALL ON ARAB DEVELOPMENT FOR REBUILDING OF MESOPOTAMIA...
FRANCE TO WITHDEAWL FROM STRATEGIG OIL RESERVES AND STATES THREATEN TO DERAIL EURO IN 2016...ISX ENDS SESSION IN POSTIVE AFTER 4 STRAIGHT DECLINES...
GENERAL
JABOURI PENS OPEN LETTER TO ABADI REGARDING FALLUJAH LIBERATIONB OPERATIONS CONGRATULATING IRAQI PEOPLE PRAISING BRAVERY OF ISF...
UN KUBIS AND MASSUD MEET TO DISCUSS SECRITY & POLITICAL CRISIS STATUS...JORDANIAN & SAUDI COOPERATION COUNCIL “PROMISING TOOL” FOR THE COOPERATION & RECONSTRUCTION OF IRAQ & SYRIA...
JABOURI CALLS FOR CONTINUED ADDRESSMENT OF POWER OUTAGES WITH NEW ELECTRICITY MINISTER DISHER...
SADR CALLS FOR IMMEDIATE PROSECUTION FOR THOSE WHO ATTACKED THE DEMONSTRATORS...
RUMORS OF MINISTER OF AGRICULTURE BRIBING OFFICIALS TO STAY IN OFFICE...TAMIMI ASSERTS DISAGREEMENT OF PREVENTING JOURNALISTS FROM COVERING PARLIAMENT...
ABADI MEETS WITH ISLAMIC AMBASSADORS ANS STATES “DEVIANT DISTORTS OUR ISLAMIC RELIGION”...UN STATES READINESS FOR DIALOGUE WITH ISIS...
SISTANI CALLS FOR APPLY ETHICS & MORALS OF FALLUJAH LIBERATION EXERCISES IN DEALING WITH RAPISTS & MURDERERS...
alexmorillo says():How does someone ask a question?
alexmorillo says():it involes a link: Questions about article 32 of IRAQ LAW which says IRAQ reserves the right to not honor currency outside their country for exchange: see:
alexmorillo says http://ift.tt/1qLor5n
swan2013 says to rcookie():CAN YOU ANSWER THIS FOR : alexmorillo: it involes a link: Questions about article 32 of IRAQ LAW which says IRAQ reserves the right to not honor currency outside their country for exchange: see:
http://ift.tt/1qLor5n
AND DESCRIBE FISCAL POLICY THAT INCLUDES PROACTIVE CONTROL...
AUDIT AND EVALUATION IN CONTINUOUS COORDINATION BETWEEN FISCAL & MONETARY POLICIES WITH MONETARY MECHANISMS.....
YEAH.....SAME OLE SAME OLE IRAQ...SEEN IT ALL BEFORE....RESPONSIBLE PROACTIVE CONTROL & AUDIT.....LOL...
udder says():Maliki had audits done weekly.... To see how much he could steal...lol
Baxter says():thx RCookie for the articles above.... appreciate it.. (y)
Hutch says():Great breakdown and recap. Thanks for all you do !!!
Hutch says():FOR RCOOKIE
rcookie says():SECURE TECHNICAL & LEGAL REQUIREMENTSBETWEEN GOV'T AND PRIVATE BANKS ON 1 HAND AND INTERNATIONAL BANKS ON THE OTHER...
AND EVOLUTION OF PAYMENT SYSTEMS...AS WELL AS MODERNIZE & REGULATE MONRTARY AND FISCAL TRADING OPERATIONS ON PAR WITH LATEST MODERN ELECTRONIC BANKING SYSTEMS IN THE WORLD....
ALONG WITH REVIEW & EVALUATE...AND RECLASSIFY BANKS ACCORDING TO EFFICIENCY STANDARDS OF PERFORMANCE (RIGHT OUT OF LOI/MEFP/TECH MOU)...AUDITED BY NEUTRAL 3RD PARTY INT'L ORGANIZATIONS UNDER CBI SUPERVISION & AUTHORITY...
rcookie says():ENDS HIS SPEECH WITH OUTLINING IMPORTANCE OF CBI ANALYTICAL STUDY....WHICH AGAIN WAS CALLED FOR IN IMF LOI.......TAKEN RIGHT FROM PLAYBOOK...
Scotzgirl says():Has there been any more info about CBI cancelling $500 Dinar note since Firefly brought it in this morning?
bibi says to rcookie():Thanks for the recap, Rcookie. Very helpful.
rcookie says():SORRY FIRE...WAS SCROLLED UP GOING THROUGH THAT ARTICLE..AS IT JUST HAD COME OUT...
rcookie says():Security forces during the liberation hand Amiriyah Fallujah areas battles, on Wednesday (May 25 2016).
4 of the most prominent tribes of Fallujah , 30 thousand fighters involved in the editing process
Writer: Editor: AZ 26/05/2016 00:42 Number of Views: 161 Long-Presse / Baghdad
On the third day of the liberation of Fallujah starting operations, close the joint forces are still from the outskirts of the city, and did not decide to enter.
This comes at a time when the local official criticized what he described as "sectarian behavior" which he said was made by some factions of the popular crowd, threatening the loss of sympathy for parents.
There are conflicting reports about the fact retake control of joint forces on the vine spend Center, the town, which lies to the east of Fallujah, as stated in an earlier statement to lead the operations.
After midnight on Sunday announced the general commander of the armed forces, Prime Minister Haider al-Abadi starting edit Fallujah operation.
It took various military formations, estimated at more than 30 thousand element, including some of the thousands of tribal fighters of Al-Anbar, the city of 4 axes. And began to organize Daash, according to local officials, the confused and request the support of the population through continuous calls in the mosques of Fallujah unanswered.
The results of the military operations, during the past two days, the liberation of the vine spend, which Baghdad operations, and factions of the popular crowd failed, restore it, despite its use by the organization as a conduit to attack Baghdad.
rcookie says():30,000 INVOLVED IN FALLUJAH...
Hutch says to rcookie():Holy Smokes !
larrykn says():and how many isis members are there -- did I read 1000
Hutch says():Something small like that
larrykn says():looks like a one sided battle to me :)
Baxter says():30,000.... against 1000.... and they are in their third day... still outside of the city?? really
jtank says():something is not right- why 30k?
jtank says():unless the 1000 # is wrong
jeffjane says to rcookie():How big a blow was the court decision today for Maliki?
rcookie says to jeffjane():SUBSTANTIAL...
jeffusa says to rcookie():have you done your summary yet? it's the best part of the day?
rcookie says to jeffjane():HERE IS A RECAP FOR NEWS TODAY...
rcookie says to jeffjane):PARLIAMENT
FEDERAL COURT RULES IN JABOURI FAVOR...FED COURT POSTPONES INVITING 2 SESSIONS OF HOR UNTIL SUNDAY 29TH...
FEDERAL COURT SHALL APPOINT EXPERT TO RULE ON NUMBER OF ATTENDEES FOR 2 APRIL SESSIONS...
LIBERAL BLOC STATES ATTEND OF SUNDAY SESSION LINKED TO ABADI PRESENCE & ADDRESSING CABINET RESHUFFLE REFORM...
SALIM BLOC SHAWQI STATES ABADI WILL ATTEND SUNDAY SESSION & VOTE ON CABINET RESHUFFLE...
PARLIAMENT RAPPORTEUR REPORTS CABINET RESHUFFLE VOTE WILL OCCUR ON SUNDAY IN COMPREHENSIVE SESSION...
KURDS REMAIN FLEXIBLE TO BAGHDAD RETURN IN WAKE OF FEDERAL VIEW AND VOW NOT TO ALLOW JABOURIS VISIT TO REGION LAST WEEK “PERFUME THOUGHTS” OF THE CORE KURD CONCERNS & DECIDE IN COMING HOURS...
FEDERAL COURT COMBINES 2 SESSION CONSTITUTIONALITY SUITS TO BE HEARD ON SUNDAY...
PARLIAMEN LEGAL COMMITTEE STATES IMF LOAN LOAN WILL NOT PASS WITHOUT OUT CONSENT (IM SORRY BUT THAT’S HILARIOUS!)...
rcookie says():SECURITY
INTERIOR MINISTER GHABAN ARRIVES IN FALLUJAH & STATES LIBERATION A 3 PHASE OPERATION & CURRENTLY IN PHASE 2 AS SECURITY MEETING WITH MILITARY LEADERS HELD...
ABADI STATES COMING DAYS WILL SEE FULL LIBERATION OF FALLUJAH...
ISF LIBERATE ALBOHGEL IN NORTHERN AXIX FALLUJAH...
TOTAL CURFEW IMPOSED IN FALLUJAH UNTIL FURTHER NOTICE...
ANBAR OPERATIONS COMMAND DECLARES CLEARING OF ISLAND OF KHALIDIYA...
BARZANI MEETS WITH COMMANDER OF MOSUL LIBERATION PROCESS.....
JORDAN DECLARES READINESS TO LAUNCH MILITARY CAMPAIGN TO SECURE ITS BORDERS AGAINST ISIS IN SYRIA...PESHMERGA CARRY OUT SECURITY OPERATIONS SOUTH OF KIRKUK...
ISIS ELEMENTS DISGUISING THEMSELVES AS SHEPHERDS OUTSIDE FALLUJAH...SHAMMARI STATES ALL SUNNI PROVINCES REJECT PARTICIPATION OF POPULAR CROWN IN FALLUJAH LIBERATION...
ISF FORCES TRAINING IN JORDAN ON DIFFUSE IED DEVICES...4 OF MOST PROMINENT TRIBES 30,000 STRONG INVOLVED IN FALLUJAH OPERATIONS...
CIVILIAN PROTECTION & SECURITY AT HEART OF FALLUJAH MILITARY OPERATIONS...ISF DISMANTLE 37 IED OUTSIDE MAIN FALLUJAH ROUTE...
BAGHDAD SECURITY REVEAL THE DEPLOYMENT OF TROOPS IN CAPITAL TO DETECT Z”SLEEPER CELLS”...
MALIKI CALLS FOR CONTINUED INDESCRIMINATE SHELLING TO CONTINUE IN FALLUJAH AFTER SURPRISE INSPECTION..F16’S DESTROY FACILITY PRODUCE CAR BOMBS OUTSIDE FALLUJAH...
swan2013 says to rcookie():I LIKE THE PERFUME THOUGHTS!!! LOL
rcookie says():FINANCIAL/INVESTMENT/BUSINESS
AUCTIONS AT $125 MILLION...OIL RISES CLOSE TO $50/BARREL AT $49.35...
PLANNING MINISTRY IDENTIFIES AGRICULTURE CONTRIBUTE 7% OF GDP CALLS FOR FURTHER EFFORTS TO PROMOTE NATIONAL PRODUCTION...
RAFIDAIN BANK CANCELS CONTRACT OF 4 YEARS WITH CHECKING CLEARINGHOUSE COMPANY ON SUSPICIONS OF CORRUPTION “SIGNIFICANT BREACHES”...
BP & SHELL ARE PLANNIING TO DOUBLE THEIR PRODUCTION OF OIL IN IRAQS SOUTHERN OIL FIELDS...
IRAQI EXPERTS CALL ON ARAB DEVELOPMENT FOR REBUILDING OF MESOPOTAMIA...
FRANCE TO WITHDEAWL FROM STRATEGIG OIL RESERVES AND STATES THREATEN TO DERAIL EURO IN 2016...ISX ENDS SESSION IN POSTIVE AFTER 4 STRAIGHT DECLINES...
GENERAL
JABOURI PENS OPEN LETTER TO ABADI REGARDING FALLUJAH LIBERATIONB OPERATIONS CONGRATULATING IRAQI PEOPLE PRAISING BRAVERY OF ISF...
UN KUBIS AND MASSUD MEET TO DISCUSS SECRITY & POLITICAL CRISIS STATUS...JORDANIAN & SAUDI COOPERATION COUNCIL “PROMISING TOOL” FOR THE COOPERATION & RECONSTRUCTION OF IRAQ & SYRIA...
JABOURI CALLS FOR CONTINUED ADDRESSMENT OF POWER OUTAGES WITH NEW ELECTRICITY MINISTER DISHER...
SADR CALLS FOR IMMEDIATE PROSECUTION FOR THOSE WHO ATTACKED THE DEMONSTRATORS...
RUMORS OF MINISTER OF AGRICULTURE BRIBING OFFICIALS TO STAY IN OFFICE...TAMIMI ASSERTS DISAGREEMENT OF PREVENTING JOURNALISTS FROM COVERING PARLIAMENT...
ABADI MEETS WITH ISLAMIC AMBASSADORS ANS STATES “DEVIANT DISTORTS OUR ISLAMIC RELIGION”...UN STATES READINESS FOR DIALOGUE WITH ISIS...
SISTANI CALLS FOR APPLY ETHICS & MORALS OF FALLUJAH LIBERATION EXERCISES IN DEALING WITH RAPISTS & MURDERERS...
alexmorillo says():How does someone ask a question?
alexmorillo says():it involes a link: Questions about article 32 of IRAQ LAW which says IRAQ reserves the right to not honor currency outside their country for exchange: see:
alexmorillo says http://ift.tt/1qLor5n
swan2013 says to rcookie():CAN YOU ANSWER THIS FOR : alexmorillo: it involes a link: Questions about article 32 of IRAQ LAW which says IRAQ reserves the right to not honor currency outside their country for exchange: see:
http://ift.tt/1qLor5n
alexmorillo says():the part in the article worth commenting on especially is the section where: '' Article 32 – Issuance of Currency.
1. The CBI shall have the exclusive right to issue banknotes and coins INTENDED for CIRCULATION in Iraq. Banknotes issued under this Article shall be the first charge on the assets of the CBI. The CBI shall make appropriate arrangements for the issue of its banknotes and coins for circulation in Iraq. Banknotes and coins issued by the CBI and intended for circulation in Iraq are not: promissory Notes, Bills of Exchange, or any other type of commercial document under the applicable commercial law, and the CBI is obligated to honor them only as provided for in this Law.''
alexmorillo says():Is Section 32 going to be overturned or over ruled somehow by the IMF or does it need to be?
Scotzgirl says():I don't see where it says they reserve the right to not honor currency outside of their country. Their own people travel and their currency is used throughout ME - imo
alexmorillo says():the wording where it says for ''intended for circulation in IRAQ'' is what troubles me still even with all the other signs of dramatic progress the last two years:
mudcat says():How would you trade if you didn't honor the currency outside Iraq...what good is a currency if it is only good in Iraq...it's not like military coins that can only be redeemed at the PX
mudcat says():XX if I have to ride a cammel to Bagdag I will exchange mine
jtank says():oil dollars
Hutch says to alexmorillo():With that being said, If it is only to be used in Iraq, WHY ALL OF THE INTERNATIONAL TALK? Why is the IMF even bothering?
dovi says():oh boy
Hutch says to alexmorillo():Why get away from the mcp?
alexmorillo says():you have to read the between the lines, the wording sounds like it's saying don't think or treat this currency the way you would a internationally accepted currency like the U.S. Dollar, it's legal leeze language but the section with the wording ''intended within IRAQ'' tells me they could say they legally don't have to honor currency for exchange that is outside their country ?
cjquade54 says():IMO it could be like my Canadian dollars are meant for trade in Canada. They are not accepted outside but can be exchanged for other currencies
_firefly_ says():What currency are they talking about is the question
dovi says():the one we bought?
larrykn says to alexmorillo():when they started selling it to dealer outside the country then they have to except that currency back too
Hutch says():We have researchers that work tirelessly on a daily basis breaking down what the bis, wb, imf and others tell us about what is happening. Why is this being brought in?
alexmorillo says():I suggest everyone read the entire article carefully, the POC who wrote it I think is bringing up some good points I've not seen talked about before in DinarLand:
alexmorillo says():I've never heard any in depth discussion picking apart this Section 32 of IRAQ Law:
larrykn says to alexmorillo():I suggest you let this go its not going to affect us please don't come in here an get people upset over something that won't happen
mudcat says():Really you ben on the moon..this is same on rerun of old article
jeffusa says to rcookie():thanks for the summary
mudcat says():ole*
1. The CBI shall have the exclusive right to issue banknotes and coins INTENDED for CIRCULATION in Iraq. Banknotes issued under this Article shall be the first charge on the assets of the CBI. The CBI shall make appropriate arrangements for the issue of its banknotes and coins for circulation in Iraq. Banknotes and coins issued by the CBI and intended for circulation in Iraq are not: promissory Notes, Bills of Exchange, or any other type of commercial document under the applicable commercial law, and the CBI is obligated to honor them only as provided for in this Law.''
alexmorillo says():Is Section 32 going to be overturned or over ruled somehow by the IMF or does it need to be?
Scotzgirl says():I don't see where it says they reserve the right to not honor currency outside of their country. Their own people travel and their currency is used throughout ME - imo
alexmorillo says():the wording where it says for ''intended for circulation in IRAQ'' is what troubles me still even with all the other signs of dramatic progress the last two years:
mudcat says():How would you trade if you didn't honor the currency outside Iraq...what good is a currency if it is only good in Iraq...it's not like military coins that can only be redeemed at the PX
mudcat says():XX if I have to ride a cammel to Bagdag I will exchange mine
jtank says():oil dollars
Hutch says to alexmorillo():With that being said, If it is only to be used in Iraq, WHY ALL OF THE INTERNATIONAL TALK? Why is the IMF even bothering?
dovi says():oh boy
Hutch says to alexmorillo():Why get away from the mcp?
alexmorillo says():you have to read the between the lines, the wording sounds like it's saying don't think or treat this currency the way you would a internationally accepted currency like the U.S. Dollar, it's legal leeze language but the section with the wording ''intended within IRAQ'' tells me they could say they legally don't have to honor currency for exchange that is outside their country ?
cjquade54 says():IMO it could be like my Canadian dollars are meant for trade in Canada. They are not accepted outside but can be exchanged for other currencies
_firefly_ says():What currency are they talking about is the question
dovi says():the one we bought?
larrykn says to alexmorillo():when they started selling it to dealer outside the country then they have to except that currency back too
Hutch says():We have researchers that work tirelessly on a daily basis breaking down what the bis, wb, imf and others tell us about what is happening. Why is this being brought in?
alexmorillo says():I suggest everyone read the entire article carefully, the POC who wrote it I think is bringing up some good points I've not seen talked about before in DinarLand:
alexmorillo says():I've never heard any in depth discussion picking apart this Section 32 of IRAQ Law:
larrykn says to alexmorillo():I suggest you let this go its not going to affect us please don't come in here an get people upset over something that won't happen
mudcat says():Really you ben on the moon..this is same on rerun of old article
jeffusa says to rcookie():thanks for the summary
mudcat says():ole*
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