Post From Dinar Updates
Chat Room Excerpts & Highlights
Dinar Updates Tuesday Late PM Chat 6-21-16 Part 3 of 3
* There is a clear failure in the banking sector as a working old systems, mechanisms and sees specialists said that one of the reasons for the decline of the investment process in the country, the fact that foreign investors looking for a safe and advanced banking environment to facilitate his work and fast delivery and keep his money.?
- Yes, it is regrettable that the banking sector we have is still in its infancy, far from the optimum international practices, and the use of the latest and best technology into the work, and the majority of the appropriate degree of fairness and transparency and governance are not available, and far from the application of the rules of compliance and risk management and compliance requirements of the rules anti-money laundering, and that most of the private banks, was founded a few years ago, in exceptional circumstances and in front of exceptional challenges as well,
making it the plague on marginal activities to achieve a quick profit, such as selling the dollar, has been dominated by their governing bodies are managed and harnessed to their own interests, so it is in front of us way whatever to correct this situation, you will see the results during the year.
Chat Room Excerpts & Highlights
Dinar Updates Tuesday Late PM Chat 6-21-16 Part 3 of 3
* There is a clear failure in the banking sector as a working old systems, mechanisms and sees specialists said that one of the reasons for the decline of the investment process in the country, the fact that foreign investors looking for a safe and advanced banking environment to facilitate his work and fast delivery and keep his money.?
- Yes, it is regrettable that the banking sector we have is still in its infancy, far from the optimum international practices, and the use of the latest and best technology into the work, and the majority of the appropriate degree of fairness and transparency and governance are not available, and far from the application of the rules of compliance and risk management and compliance requirements of the rules anti-money laundering, and that most of the private banks, was founded a few years ago, in exceptional circumstances and in front of exceptional challenges as well,
making it the plague on marginal activities to achieve a quick profit, such as selling the dollar, has been dominated by their governing bodies are managed and harnessed to their own interests, so it is in front of us way whatever to correct this situation, you will see the results during the year.
* But the problem is what we observe in the situation of State-owned banks private bank Rafidain and Rasheed in terms of the level of performance, organization and services is very low, even simple drag and deposit operations take place in a complex and slow.?
- I agree with you in this matter Valmsrfan backward greatly across Angtallma about the world and what happened from the tremendous developments in the banking business, was a plan to restructure the two banks since 2007 put, but the plan goes slowly being activated,
so we are currently focused on resolving the issue of settling accounts and old assets down the real financial position of the banks, considering that this foundation to move to the second step in the plan to privatize the banks or the introduction of qualified banks to strengthen and upgrade Bodaihma partners.
* Central Bank, according to specialists has the strongest role that must be exercised by the departments of banks, especially with regard to its policies relating to update the structure of these institutions and strengthen oversight.?
- Yes, central banks play an important role in upgrading the performance of banks through the guidelines and instructions laid down by the organization of work and through the control, supervision and performance evaluation and stimulated to take the best practices.
To be more outspoken this was the role of the Central Bank during the previous years is weak, and has accumulated over the years, many of the negative phenomena and practices, and under the pressure of the economic and financial crisis show the inherited imbalances in the form of serious problems and challenges.
So we have to strengthen that role since taken over the task of the Central Bank and have taken several measures and steps toward the banks on the one hand, and through the strengthening of the supervisory system and supervisory On the other hand, we have with the help of the offices of international control in this regard, but it will take time to reap results.
* Since 2010 the government announced it had agreed to the signing of an important agreement with Chinese companies to develop the work of government banks and financial exchange mechanism between them and the rest of the banks of the world, what happened to them and why so far there is no real change in no Iraqi banks.?
- I do not have any details on that convention, but after the recent visit of Prime Minister to China was agreed to activate the various aspects of economic and financial cooperation are being worked on currently, including promote the opening of branches of Chinese banks in Iraq and banks Iraqi in China and exchange of experiences in the field of banking.
loop says):Guarantee deposits and Exchange Shorja dollar
* When applied work company guarantee deposits and what type of deposits, as long as you mentioned the need to encourage people to save the government and the banks that it will contribute to resolving the financial crisis, the other side will be presented or what the move adds to the citizen.?
- A project to establish a company to guarantee deposits is aimed at protecting the rights of depositors, younger ones especially, when the bank is exposed as to the insolvency or bankruptcy, so, this action will encourage citizens to deposit their money in banks because the phenomenon of having most of the money chunky in homes away from the banking system,
hurting the economy in terms of the money that has been saved if the banks will turn into loans and facilities, including contributing to motivate and move the economy and the market, as well as the risk to keep this money in the home has offered to steal, not to mention the costs of dealing with cash instead of bank accounts.
* Dollar exchange in the Shorja who controls them? Is the central bank has controlled them.?
- Who deal in dollars outside entities licensed by the Central Bank, engaged in an illegal act, and the shops and the people who are doing so they fall under the control of the fight against economic crime directorate, and take legal action against them, as this thing comes out of the jurisdiction of the central bank.
Q: Will it really be action about them by combat economic crime.?
- Yes, this is done, it has closed many stores and many of the owners referred to the judiciary, which in turn issued legal judgments against them.
* Is there a counterfeit coin now either in dollars or dinars.?
- According to central bank statistics, which we get from a thorough examination of the coin, the proportion of fraud is negligible, and usually we fined the banks that pass the coin forged and this easily discover in developed specialized our organs in the detection operations, and that most who deal with trying to avoid dealing with banks because they are able to detect, so it is passed on dupes citizens, and the Interior Ministry to arrest once in a while some of those who are in the process counterfeiting or handled.
* Project to delete the zeros Wayne now, why it did not apply private and it raises the value of the dinar.?
- The project to delete the zeros still exists and we have a technical preparations in this area, but we are waiting for the stability of the general situation, because this is a great work when we need stability in addition to the stability in the development of institutions, in particular, what we can organize and manage the operation and supervision are not allowed with breaches or excesses.
* Why the dollar is always high, and why do not you take action equating with the dinar, this leads to market and license the stability in the general goods.?
- Make an equal dollar dinars in the current situation means encouraging more imports and missed opportunities for the advancement of local production. It would also mean reducing the public budget revenues because the Ministry of Finance will get the lowest amounts of the dinar against the dollar, which Tabieh.ama a strong dollar in the parallel market is attributable mainly on the supply and demand law, and the more the central bank responded to the demand for the dollar and covered it,
the more to prevent high in price, and the closure of speculative opportunities in the market, and certainly there are other factors that play a role in the rise and fall of them, political and security stability and the rule of law, and the strength or weakness of state institutions related to the subject.
* If the height is the reason for not selling the bank required quantities in the market, why the bank does not respond to the request.?
- When oil prices are high revenue dollar is high also as it was in previous years, then the central bank can respond to those requests, and the flooding of the dollar as its inclusion Bank to its reserves, either when revenue dollar goes down because of lower oil prices, as is happening now, so do not enough dollars sold by the Ministry of Finance to the Central Bank, to meet the buyers' demands for the dollar, the central bank used part of its reserves to respond to those requests,
and this is the role and function of the nature of Ctaati.lkn our problem is that many do not understand that when we sell and declining reserve a lot of talk and criticize happen the bank, and although aware of the bank that this is not practical and is not objective and intersects with the monetary policy requirements, but he was trying to find some sort of balance between the dam requests from the dollar and between maintaining a reasonable level of reserves in order not to get a psychological condition that may lead to anxiety and fear.
loop says(): * Import cars costing Iraq billions of dollars out of it. Is there an economical way to restore these funds, especially that Iraq does not need so many cars.?
- The subject of imports and determine the goods and fees and the need of the jurisdiction of the government, not the central bank, Vdorena in this case, is to provide advice to the government, has repeatedly called as many have called for the need to adjust the imports and the development of curriculum Yearly Import Alert, with a strict application of the laws we have mentioned to protect the national consumer product.
* Is the central bank has other properties return it imports.?
- No, the Central Bank Act does not allow this kind of investment like real estate and other, Vaaradatna come from investments in foreign bonds and gold coins, and what the bank earns from fees and fines and fees from banks and companies licensed by him.
* Some international banks based humanitarian projects such as building hospitals and schools, is the central bank of such projects or in the next strategy.?
- Central Bank Act does not allow the allocation of funds for these projects, we are seeking for an amendment to allow the Bank supported some of the social services projects, health or the necessary infrastructure by allocating a percentage of the annual profit of the Bank for these purposes.
* Deposit box for every citizen, whether gold or Basbaik or cash, How are you saving for gold process? Is it gains and falls within the principle of interest or whether it is within the national inventories, which helps raise the level of the Iraqi dinar.?
-When Filed the citizen of his gold, or others in the private equity funds it is leased within the banks, and here do not receive a citizen of any return on it, the aim of the deposit within the banks is to protect them, and that the bank does not know what is there but is not used or invested.
* The issue of the purchase of gold bullion from the central bank.?
- Central bank gold bars made of lightweight 24-gauge outside Iraq and sells them to the citizens and the margin of profit is simple
.
* Where are sold bullion.?
- The banks and the central bank as well.
The fate of the new Central Bank building designed after the death of the project
* Wayne arrived to work in the new Central Bank building? It is executing the company after the death of designed architectural site Zaha Hadid.?
- The new building project under assignment is currently being analyzed in terms of the offers submitted by the companies to choose one of them to build the project, which is expected to be implemented by the end of the beginning of this year.
* What about the designed project office and its role in the implementation.?
- Office completed the project design in all its details has it took nearly two years and we wish that the Office would oversee the implementation, but his presentation was very loud, which made us call on other global companies, has won a good reputation of the Australian company, which now holds the study offers made by international construction companies to build the project. From: Zahra Jassim
Source http://ift.tt/28VQVT2
loop says():Q and A with Alak. There is a bounce of good intel here. Will take a bit to sift through it.
david334 says to loop():Thanks loop the dual currency ops look to be widely discredited in terms of total rekiance
loop says():* Project to delete the zeros Wayne now, why it did not apply private and it raises the value of the dinar.?
- The project to delete the zeros still exists and we have a technical preparations in this area, but we are waiting for the stability of the general situation, because this is a great work when we need stability in addition to the stability in the development of institutions, in particular, what we can organize and manage the operation and supervision are not allowed with breaches or excesses.
loop says():* Project to delete the zeros Wayne now, why it did not apply private and it raises the value of the dinar.?
- The project to delete the zeros still exists and we have a technical preparations in this area, but we are waiting for the stability of the general situation, because this is a great work when we need stability in addition to the stability in the development of institutions, in particular, what we can organize and manage the operation and supervision are not allowed with breaches or excesses.
loop says():* Is there a counterfeit coin now either in dollars or dinars.?
- According to central bank statistics, which we get from a thorough examination of the coin, the proportion of fraud is negligible, and usually we fined the banks that pass the coin forged and this easily discover in developed specialized our organs in the detection operations, and that most who deal with trying to avoid dealing with banks because they are able to detect, so it is passed on dupes citizens, and the Interior Ministry to arrest once in a while some of those who are in the process counterfeiting or handled.
loop says():* When applied work company guarantee deposits and what type of deposits, as long as you mentioned the need to encourage people to save the government and the banks that it will contribute to resolving the financial crisis, the other side will be presented or what the move adds to the citizen.?
- A project to establish a company to guarantee deposits is aimed at protecting the rights of depositors, younger ones especially, when the bank is exposed as to the insolvency or bankruptcy, so, this action will encourage citizens to deposit their money in banks because the phenomenon of having most of the money chunky in homes away from the banking system, hurting the economy in terms of the money that has been saved if the banks will turn into loans and facilities, including contributing to motivate and move the economy and the market, as well as the risk to keep this money in the home has offered to steal, not to mention the costs of dealing with cash instead of bank accounts.
loop says():guarantee deposits is aimed at protecting the rights of depositors, younger ones especially, when the bank is exposed as to the insolvency or bankruptcy, so, this action will encourage citizens to deposit their money in banks because the phenomenon of having most of the money chunky in homes
loop says():* If you do you consider the "six trillion" program that Sakarzha Bank to the public one of these processors. Are there other steps to achieve the stability that encourages economic growth in the gross domestic income, or?
- Yes to the 6 trillion initiative, the first of its kind and size are in the history of Iraq, where we found As sensors of the economic situation that the only way for the advancement of economic reality is to stimulate industrial and agricultural sectors productivity through lending and support the private sector,
because we have noticed not turned slogans and national strategies to support private sector and diversify the productive base to a supportive and stimulating practical plans, as the central bank notes through its coverage of the demand for the dollar for the purposes of import, dumping policy by importing the simplest materials and goods that could be produced within the country to run the citizen and maintain foreign at the same currency.
loop says():Yes to the 6 trillion initiative, the first of its kind and size are in the history of Iraq, where we found As sensors of the economic situation that the only way for the advancement of economic reality
loop says():advancement of economic reality
subgirl says to loop():* Project to delete the zeros Wayne now, why it did not apply private and it raises the value of the dinar.?
- The project to delete the zeros still exists and we have a technical preparations in this area, but we are waiting for the stability of the general situation, because this is a great work when we need stability in addition to the stability in the development of institutions, in particular, what we can organize and manage the operation and supervision are not allowed with breaches or excesses.
loop says():The project to delete the zeros still exists and we have a technical preparations in this area, but we are waiting for the stability of the general situation,
loop says():This is what we have been seeing them do right before our eyes. The banking sector is much more stable then it been since we invaded.
david334 says to loop():I wonder if the timing of the implementation of dropping the thtee zeros means they have collect all the 25K and 50k notes which could be thepredessor to collecting dinars outside Iraq for destruction?
david334 says to loop():Could they have a new low denom currecy already?
loop says():The process will eventually mean pulling in the larger note.
Knucklehead says to loop():General situation? Thats interesting
loop says():There will be a period of time where the value has been added and the larger denoms exist.
- I agree with you in this matter Valmsrfan backward greatly across Angtallma about the world and what happened from the tremendous developments in the banking business, was a plan to restructure the two banks since 2007 put, but the plan goes slowly being activated,
so we are currently focused on resolving the issue of settling accounts and old assets down the real financial position of the banks, considering that this foundation to move to the second step in the plan to privatize the banks or the introduction of qualified banks to strengthen and upgrade Bodaihma partners.
* Central Bank, according to specialists has the strongest role that must be exercised by the departments of banks, especially with regard to its policies relating to update the structure of these institutions and strengthen oversight.?
- Yes, central banks play an important role in upgrading the performance of banks through the guidelines and instructions laid down by the organization of work and through the control, supervision and performance evaluation and stimulated to take the best practices.
To be more outspoken this was the role of the Central Bank during the previous years is weak, and has accumulated over the years, many of the negative phenomena and practices, and under the pressure of the economic and financial crisis show the inherited imbalances in the form of serious problems and challenges.
So we have to strengthen that role since taken over the task of the Central Bank and have taken several measures and steps toward the banks on the one hand, and through the strengthening of the supervisory system and supervisory On the other hand, we have with the help of the offices of international control in this regard, but it will take time to reap results.
* Since 2010 the government announced it had agreed to the signing of an important agreement with Chinese companies to develop the work of government banks and financial exchange mechanism between them and the rest of the banks of the world, what happened to them and why so far there is no real change in no Iraqi banks.?
- I do not have any details on that convention, but after the recent visit of Prime Minister to China was agreed to activate the various aspects of economic and financial cooperation are being worked on currently, including promote the opening of branches of Chinese banks in Iraq and banks Iraqi in China and exchange of experiences in the field of banking.
loop says):Guarantee deposits and Exchange Shorja dollar
* When applied work company guarantee deposits and what type of deposits, as long as you mentioned the need to encourage people to save the government and the banks that it will contribute to resolving the financial crisis, the other side will be presented or what the move adds to the citizen.?
- A project to establish a company to guarantee deposits is aimed at protecting the rights of depositors, younger ones especially, when the bank is exposed as to the insolvency or bankruptcy, so, this action will encourage citizens to deposit their money in banks because the phenomenon of having most of the money chunky in homes away from the banking system,
hurting the economy in terms of the money that has been saved if the banks will turn into loans and facilities, including contributing to motivate and move the economy and the market, as well as the risk to keep this money in the home has offered to steal, not to mention the costs of dealing with cash instead of bank accounts.
* Dollar exchange in the Shorja who controls them? Is the central bank has controlled them.?
- Who deal in dollars outside entities licensed by the Central Bank, engaged in an illegal act, and the shops and the people who are doing so they fall under the control of the fight against economic crime directorate, and take legal action against them, as this thing comes out of the jurisdiction of the central bank.
Q: Will it really be action about them by combat economic crime.?
- Yes, this is done, it has closed many stores and many of the owners referred to the judiciary, which in turn issued legal judgments against them.
* Is there a counterfeit coin now either in dollars or dinars.?
- According to central bank statistics, which we get from a thorough examination of the coin, the proportion of fraud is negligible, and usually we fined the banks that pass the coin forged and this easily discover in developed specialized our organs in the detection operations, and that most who deal with trying to avoid dealing with banks because they are able to detect, so it is passed on dupes citizens, and the Interior Ministry to arrest once in a while some of those who are in the process counterfeiting or handled.
* Project to delete the zeros Wayne now, why it did not apply private and it raises the value of the dinar.?
- The project to delete the zeros still exists and we have a technical preparations in this area, but we are waiting for the stability of the general situation, because this is a great work when we need stability in addition to the stability in the development of institutions, in particular, what we can organize and manage the operation and supervision are not allowed with breaches or excesses.
* Why the dollar is always high, and why do not you take action equating with the dinar, this leads to market and license the stability in the general goods.?
- Make an equal dollar dinars in the current situation means encouraging more imports and missed opportunities for the advancement of local production. It would also mean reducing the public budget revenues because the Ministry of Finance will get the lowest amounts of the dinar against the dollar, which Tabieh.ama a strong dollar in the parallel market is attributable mainly on the supply and demand law, and the more the central bank responded to the demand for the dollar and covered it,
the more to prevent high in price, and the closure of speculative opportunities in the market, and certainly there are other factors that play a role in the rise and fall of them, political and security stability and the rule of law, and the strength or weakness of state institutions related to the subject.
* If the height is the reason for not selling the bank required quantities in the market, why the bank does not respond to the request.?
- When oil prices are high revenue dollar is high also as it was in previous years, then the central bank can respond to those requests, and the flooding of the dollar as its inclusion Bank to its reserves, either when revenue dollar goes down because of lower oil prices, as is happening now, so do not enough dollars sold by the Ministry of Finance to the Central Bank, to meet the buyers' demands for the dollar, the central bank used part of its reserves to respond to those requests,
and this is the role and function of the nature of Ctaati.lkn our problem is that many do not understand that when we sell and declining reserve a lot of talk and criticize happen the bank, and although aware of the bank that this is not practical and is not objective and intersects with the monetary policy requirements, but he was trying to find some sort of balance between the dam requests from the dollar and between maintaining a reasonable level of reserves in order not to get a psychological condition that may lead to anxiety and fear.
loop says(): * Import cars costing Iraq billions of dollars out of it. Is there an economical way to restore these funds, especially that Iraq does not need so many cars.?
- The subject of imports and determine the goods and fees and the need of the jurisdiction of the government, not the central bank, Vdorena in this case, is to provide advice to the government, has repeatedly called as many have called for the need to adjust the imports and the development of curriculum Yearly Import Alert, with a strict application of the laws we have mentioned to protect the national consumer product.
* Is the central bank has other properties return it imports.?
- No, the Central Bank Act does not allow this kind of investment like real estate and other, Vaaradatna come from investments in foreign bonds and gold coins, and what the bank earns from fees and fines and fees from banks and companies licensed by him.
* Some international banks based humanitarian projects such as building hospitals and schools, is the central bank of such projects or in the next strategy.?
- Central Bank Act does not allow the allocation of funds for these projects, we are seeking for an amendment to allow the Bank supported some of the social services projects, health or the necessary infrastructure by allocating a percentage of the annual profit of the Bank for these purposes.
* Deposit box for every citizen, whether gold or Basbaik or cash, How are you saving for gold process? Is it gains and falls within the principle of interest or whether it is within the national inventories, which helps raise the level of the Iraqi dinar.?
-When Filed the citizen of his gold, or others in the private equity funds it is leased within the banks, and here do not receive a citizen of any return on it, the aim of the deposit within the banks is to protect them, and that the bank does not know what is there but is not used or invested.
* The issue of the purchase of gold bullion from the central bank.?
- Central bank gold bars made of lightweight 24-gauge outside Iraq and sells them to the citizens and the margin of profit is simple
.
* Where are sold bullion.?
- The banks and the central bank as well.
The fate of the new Central Bank building designed after the death of the project
* Wayne arrived to work in the new Central Bank building? It is executing the company after the death of designed architectural site Zaha Hadid.?
- The new building project under assignment is currently being analyzed in terms of the offers submitted by the companies to choose one of them to build the project, which is expected to be implemented by the end of the beginning of this year.
* What about the designed project office and its role in the implementation.?
- Office completed the project design in all its details has it took nearly two years and we wish that the Office would oversee the implementation, but his presentation was very loud, which made us call on other global companies, has won a good reputation of the Australian company, which now holds the study offers made by international construction companies to build the project. From: Zahra Jassim
Source http://ift.tt/28VQVT2
loop says():Q and A with Alak. There is a bounce of good intel here. Will take a bit to sift through it.
david334 says to loop():Thanks loop the dual currency ops look to be widely discredited in terms of total rekiance
loop says():* Project to delete the zeros Wayne now, why it did not apply private and it raises the value of the dinar.?
- The project to delete the zeros still exists and we have a technical preparations in this area, but we are waiting for the stability of the general situation, because this is a great work when we need stability in addition to the stability in the development of institutions, in particular, what we can organize and manage the operation and supervision are not allowed with breaches or excesses.
loop says():* Project to delete the zeros Wayne now, why it did not apply private and it raises the value of the dinar.?
- The project to delete the zeros still exists and we have a technical preparations in this area, but we are waiting for the stability of the general situation, because this is a great work when we need stability in addition to the stability in the development of institutions, in particular, what we can organize and manage the operation and supervision are not allowed with breaches or excesses.
loop says():* Is there a counterfeit coin now either in dollars or dinars.?
- According to central bank statistics, which we get from a thorough examination of the coin, the proportion of fraud is negligible, and usually we fined the banks that pass the coin forged and this easily discover in developed specialized our organs in the detection operations, and that most who deal with trying to avoid dealing with banks because they are able to detect, so it is passed on dupes citizens, and the Interior Ministry to arrest once in a while some of those who are in the process counterfeiting or handled.
loop says():* When applied work company guarantee deposits and what type of deposits, as long as you mentioned the need to encourage people to save the government and the banks that it will contribute to resolving the financial crisis, the other side will be presented or what the move adds to the citizen.?
- A project to establish a company to guarantee deposits is aimed at protecting the rights of depositors, younger ones especially, when the bank is exposed as to the insolvency or bankruptcy, so, this action will encourage citizens to deposit their money in banks because the phenomenon of having most of the money chunky in homes away from the banking system, hurting the economy in terms of the money that has been saved if the banks will turn into loans and facilities, including contributing to motivate and move the economy and the market, as well as the risk to keep this money in the home has offered to steal, not to mention the costs of dealing with cash instead of bank accounts.
loop says():guarantee deposits is aimed at protecting the rights of depositors, younger ones especially, when the bank is exposed as to the insolvency or bankruptcy, so, this action will encourage citizens to deposit their money in banks because the phenomenon of having most of the money chunky in homes
loop says():* If you do you consider the "six trillion" program that Sakarzha Bank to the public one of these processors. Are there other steps to achieve the stability that encourages economic growth in the gross domestic income, or?
- Yes to the 6 trillion initiative, the first of its kind and size are in the history of Iraq, where we found As sensors of the economic situation that the only way for the advancement of economic reality is to stimulate industrial and agricultural sectors productivity through lending and support the private sector,
because we have noticed not turned slogans and national strategies to support private sector and diversify the productive base to a supportive and stimulating practical plans, as the central bank notes through its coverage of the demand for the dollar for the purposes of import, dumping policy by importing the simplest materials and goods that could be produced within the country to run the citizen and maintain foreign at the same currency.
loop says():Yes to the 6 trillion initiative, the first of its kind and size are in the history of Iraq, where we found As sensors of the economic situation that the only way for the advancement of economic reality
loop says():advancement of economic reality
subgirl says to loop():* Project to delete the zeros Wayne now, why it did not apply private and it raises the value of the dinar.?
- The project to delete the zeros still exists and we have a technical preparations in this area, but we are waiting for the stability of the general situation, because this is a great work when we need stability in addition to the stability in the development of institutions, in particular, what we can organize and manage the operation and supervision are not allowed with breaches or excesses.
loop says():The project to delete the zeros still exists and we have a technical preparations in this area, but we are waiting for the stability of the general situation,
loop says():This is what we have been seeing them do right before our eyes. The banking sector is much more stable then it been since we invaded.
david334 says to loop():I wonder if the timing of the implementation of dropping the thtee zeros means they have collect all the 25K and 50k notes which could be thepredessor to collecting dinars outside Iraq for destruction?
david334 says to loop():Could they have a new low denom currecy already?
loop says():The process will eventually mean pulling in the larger note.
Knucklehead says to loop():General situation? Thats interesting
loop says():There will be a period of time where the value has been added and the larger denoms exist.
_firefly_ says():One key left to turn !
da58 says():Keep in mind.. the IMF is there - overseeing every financial move.. holding their hand to walk them into this global market they have proven they qualify to be in! And, all the rest of the world is drooling, just waiting to get in there and make their money!
loop says to david334():They could this process has been in the works for years.
da58 says():Loop - TERRIFIC POST BUD!! loved it
david334 says to loop():right can pull one and replace it in one shot
david334 says to loop():cant
loop says to da58():Very exciting article.
da58 says():surely is
david334 says to loop():mind bending what a puzzel you guys are unraveling'
loop says to david334():Remember that in country one dinar will always equal one dinar.
_firefly_ says():not one bit. Did you see what I wrote?
david334 says to loop():understood. but the purchasing power per capita goes up fpr imported goods.
david334 says to _firefly_():I saw your comment on DD
loop says():We getting closer everyday. Look at all the international players getting in line. They are positioning themselves to profit from what we are witnessing. The cool thing is that we are all postioned on the right side of this.
_firefly_ says():I haven't said a peep. How can I be on DD? lol
david334 says():you are right on about whats been going on for the eyes of the oblvious
Read More :http://ift.tt/28OjqUn
da58 says():Keep in mind.. the IMF is there - overseeing every financial move.. holding their hand to walk them into this global market they have proven they qualify to be in! And, all the rest of the world is drooling, just waiting to get in there and make their money!
loop says to david334():They could this process has been in the works for years.
da58 says():Loop - TERRIFIC POST BUD!! loved it
david334 says to loop():right can pull one and replace it in one shot
david334 says to loop():cant
loop says to da58():Very exciting article.
da58 says():surely is
david334 says to loop():mind bending what a puzzel you guys are unraveling'
loop says to david334():Remember that in country one dinar will always equal one dinar.
_firefly_ says():not one bit. Did you see what I wrote?
david334 says to loop():understood. but the purchasing power per capita goes up fpr imported goods.
david334 says to _firefly_():I saw your comment on DD
loop says():We getting closer everyday. Look at all the international players getting in line. They are positioning themselves to profit from what we are witnessing. The cool thing is that we are all postioned on the right side of this.
_firefly_ says():I haven't said a peep. How can I be on DD? lol
david334 says():you are right on about whats been going on for the eyes of the oblvious
Read More :http://ift.tt/28OjqUn
via Dinar Recaps - Our Blog http://ift.tt/28VQYyi
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