RCookie & Mr White News Time 6-13-16 Part 2 of 3

Post From Dinar Updates
Chat Room Excerpts & Highlights
  
RCookie & Mr White News Time 6-13-16   Part 2 of 3

 
SRW says():How is Article 8 accomplished?
 
rcookie says to SRW():THE CRITERIA FOR ARTICLE VIII WAS MET AND ACCEPTED IN 2013..AND BREACHED....WE HAVE PAINSTAINGLY PUT THE ARTICLE VIII PROCESS AND STATUS UP FOR DISCUSSION...IT IS NOT A SECRET ...COMPLETELY CLEAR & TRANSPARENT...
 
david334 says():There was a scheduled date to recieve to first part of the big umbrella. $5.4 bil \
 
rcookie says to david334():NO....THERE WAS NOT...
 
wmawhite says to david334():correct......those are the SDR loans from the IMF
nothing to do with Article 8
 
rcookie says to david334():THERE ARE CONDITIONAL CRITERIA YET TO BE MET....AND MOST OF WHICH REQUIRE LAWS TO BE AMENDED AND VOTE...WHICH REQUIRES PARLIAMENT BACK TO WORK...
 ~~~

wmawhite says to david334():I thought you were referring to something else.
 
david334 says():Gotcha . How do you guys feels about in progress and the metrics of a FX valuation change. Are u still comfortable that it is near term. Not a date but joing the global economy is still moving like a bullet train
 
rcookie says():IRAQ HAS QUALIFIED FOR THESE SBA LOANS DUE TO EXEMPLARY PERMANCE UNDER THEIR SMP...
 
IN ORDER TO RECEIVE THE 1ST INSTALLMENT OF THESE SBAS THERE ARE CERTAIN CONDITIONS THAT MUST BE MET..AND ARE BEING MET...
 
david334 says():But now its a legislative task then onward ?
 
rcookie says():DOES THAT CLEAR UP ART VIII CONFUSION AND STATUS WITH SBA LOAN CONDITIONS...
 
Hutch says():BOTH ARE ISSUES THAT NEEDED ADDRESSING ONCE AGAIN TO HOPEFULLY STOP SOME OF THE CONFUSION
 
rcookie says to david334():CORRECT...AND METICULOUSLY SPELLED OUT
 
Hutch says():THANK BOTH OF YOU !!!
 
rcookie says():YVW
 
Hutch says():ANYONE ELSE WITH ANY QUESTION OR COMMENT BEFORE WE MOVE ON TO OTHER SUBJECTS?
 
rcookie says():SO...AGAIN MR WHITES REPORT TODAY ADDRESSES YET ANOTHER IMF INITIATIVE COMPLETED...
 
david334 says():I wasnt confused on artile VIII. rcookie didnt u say there was a big meeting this week with the IMF and MOF
 
rcookie says():TEST LATER
 
rcookie says():OK SO WHILST WE ARE ON THE IMF LOI/MEFP/TECH MOU AND IRAQS INITIATIVES.....LETS HIT ONE CHANNEL THAT WE HAVE IN PAST BUT SHOULD REVISIT...
 
Hutch says():OK.... LETS GET MOVING ON TO THE NEXT SUBJECT!
 
rcookie says():BANKING SUPERVISION.....
 
 
david334 says():yep
 
rcookie says):OK SO HERES HOW IT WILL WORK.....IM GOING TO POST THE INITIATIVES...AND YOU DECIDE IF COMPLETED OR STILL IN PROGRESS.....
 
Hutch says():NEED A BUZZER SOUND
 
rcookie says():F. Banking Supervision
 
28. As of June 30, 2015, there were 56 banks operating in Iraq including 7 state-owned banks (SOB) of which one is an Islamic bank, 32 Iraqi private banks, of which 6 Islamic banks, and
 
Hutch says():STILL IN PROGRESS OR COMPLETED.... ANYONE?
 
nahner says():completed
 
Okie Dinar says():completed
 
daytrader says():Done except for IBAN?
 
rcookie says():SO THIS IS THE PRIVATIZATION & RESTRUCTURE OF THE 2 SOB'S...
 
pacella says():COMPLETED
 
david334 says():Yes
 
jimplants says():waitnig for the dust to settle
 
wmawhite says():90% complete
 
david334 says():Trick question
 
rcookie says():97% CMPLETE ACCORDING TO REPORTS 3 WEEKSW AGO..
 
strkrfan13 says):consider it done. next
 
rcookie says():THIS AS RECDENTLY REPORTED IS 97% COMPLETED AND HAS BEEN BEING WORKED ON IN CONJUCTION WITH WORLD BANK SINCE 2006....ALONG WITH 192 IRAQI STATE SOE’S...
 
rcookie says():PLEASE UNDERSTAND AND KEEP IN MIND....NOT A NEW PROJECT.....SINCE 2006...
 
Lucifer says():So you were all wrong according to Hutch's options...lol
 
rcookie says():29. The CBI will continue to implement reform measures to enhance the stability of the banking sector in Iraq which includes inter alia:
 
Hutch says to david334():DOES IT PERTAIN TO THIS SUBJECT?   LOL LUCY
 
david334 says():yes
 
rcookie says():Introducing the international bank account number (IBAN) system in Iraq;
 
rcookie says():?
 
rcookie says():WELL
 
Hutch says to rcookie():GO
 
david334 says():Once spun off from the GOI. Will they operate publicly and get capitialized through the public
 
wmawhite says to rcookie():complete
 
strkrfan13 says():done deal
 
daytrader says to wmawhite():Thanks
 
rcookie says to Hutch():CORRECT
 
Introducing the international bank account number (IBAN) system in Iraq;
 
nahner says():Done
 
subgirl says to Hutch():almost done
 
rcookie says to Hutch():OOPS....IBAN....SWIFT CODES BIC#...DONE..
 
Increasing the capital requirement of banks to ID 250 billion ($214 million), a level to which all
 
nahner says():Working on it
 
david334 says():Done
 
rcookie says to Hutch():private banks except one have increased their capital;
 
strkrfan13 says):in process. some private have not
 
wmawhite says to rcookie():done....complete.....those that have not are by by
 
strkrfan13 says():sweet!
 
david334 says():Thats what I said
 
rcookie says to nahner():CORRECT...MOSTLY COMPLETE...BUT MANY OF THE 300 BANKS UNDER SEVERE SCRUTIMY FROM UST AND RECENTLY REMOVED FROM AUCTION PROGRAM ARE IN PROCESS OF UPPING THEIR CAPIAIZATION
 
nahner says():Excellent!
 
rcookie says to nahner():Contracting a consultant to assist the CBI in rating banks, whereby they rated 17 banks: threebanks were rated “satisfactory”, eight banks rated “fair” and six banks “marginal”;
 
rcookie says():WELL
 
daytrader says():Done
 
subgirl says():done
 
strkrfan13 says():done
 
Aria says():Done
 
jimplants says():done
 
nahner says():Done
 
pacella says():DONE
 
rcookie says():CORRECT AND FOR EXTRA CREDIT...THE NAME OF THE COMPANY THAT PROVIDED SERVICE...
 
da58 says():ditto
 
 
strkrfan13 says():Al Tar..something
 
david334 says():the outsource company
 
nahner says():Don't Remember Sorry
 
Tex says):swift
 
rcookie says():ERNST & YOUNG
 
david334 says():WOW
 
rcookie says():Contacting a consultant to assist the CBI in upgrading the prudential regulations on “Liquidity” and “Capital Adequacy Ratio”;
 
nahner says():Excellent
 
Hutch says to rcookie():PRETTY SHARP BUNCH
 
daytrader says():Done
 
cricket22 says():Hi guys! Just got in. They are done?
 
subgirl says():done
 
nahner says():It's Done
 
jimplants says():done
 
da58 says():ditto
 
rcookie says():THIS IS WHY THEY ARE RAISING THE MINIMUM CAPITAIZATION...
 
rcookie says():CORRECT...

 
rcookie says():Working on reviewing and assessing CBI prudential regulations with the assistance of the IMF Middle East Technical Assistance Center (METAC);
 
daytrader says():Done
 
rcookie says():HMMMM..
 
jimplants says():DONE
 
nahner says():Done
 
subgirl says():done
 
david334 says():done
 
Tex says():dun
 
da58 says():in process
 
bluedog says():hello everyone
 
cjquade54 says():I can see it now ... dinar recaps says ... everyone on DU says IT'S DONE !! lol
 
cjquade54 says():sorry
 
rcookie says():CORRECT...THIS IS ONGOING...I RECENTLY POSTED THEIR ENTIRE METAC WORKSHOP SCHEDULE FOR MAY AND JUNE...AND REMEBER THE COURSE "TRADE 1" WHICH WAS ABOUT NOTHING ELSE THAN WTO ACCESSION...
 
SRW says():What is left to be done?
 
Hutch says to SRW():HOLD PLEASE, ​

Part 3

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