Post From Dinar Updates
Chat Room Excerpts & Highlights
RCookie News Time 6-20-16 Part 1 of 3
Newstime with Rcookie/Mr. White/and special guest Loop 6/20/2016
wmawhite says():Folks,……let us review the subject of the Trade Bank of Iraq (TBI);
rcookie says():NOW YOUR TALKIN!!...
wmawhite says():The Trade Bank of Iraq was established in 2003 by the U.S. Administrator to Iraq Paul Bremer, originally to finance trade deals and replace the oil for food program. It is one of four special purpose banks established after the Second Gulf War.
During 2003, J. P. Morgan Chase was selected to operate the Trade Bank of Iraq, thus managing billions of dollars to finance the country’s imports and exports. J. P. Morgan led a group that includes 13 banks representing 13 countries.
wmawhite says():These bank were; the Australia and New Zealand Banking Group, Standard Chartered, National Bank of Kuwait, Bank Millennium, Bank of Tokyo-Mitsubishi, San Paolo IMI, Royal Bank of Canada, Crédit Lyonnais, Caja de Ahorros y Pensiones de Barcelona, Standard Bank Group, Akbank TAS and Banco Comercial Portugues.
Since 2003, these banks have been holding lines of credit for the TBI in order for the Government of Iraq to import the necessary goods to operate on.
~~~
Chat Room Excerpts & Highlights
RCookie News Time 6-20-16 Part 1 of 3
Newstime with Rcookie/Mr. White/and special guest Loop 6/20/2016
wmawhite says():Folks,……let us review the subject of the Trade Bank of Iraq (TBI);
rcookie says():NOW YOUR TALKIN!!...
wmawhite says():The Trade Bank of Iraq was established in 2003 by the U.S. Administrator to Iraq Paul Bremer, originally to finance trade deals and replace the oil for food program. It is one of four special purpose banks established after the Second Gulf War.
During 2003, J. P. Morgan Chase was selected to operate the Trade Bank of Iraq, thus managing billions of dollars to finance the country’s imports and exports. J. P. Morgan led a group that includes 13 banks representing 13 countries.
wmawhite says():These bank were; the Australia and New Zealand Banking Group, Standard Chartered, National Bank of Kuwait, Bank Millennium, Bank of Tokyo-Mitsubishi, San Paolo IMI, Royal Bank of Canada, Crédit Lyonnais, Caja de Ahorros y Pensiones de Barcelona, Standard Bank Group, Akbank TAS and Banco Comercial Portugues.
Since 2003, these banks have been holding lines of credit for the TBI in order for the Government of Iraq to import the necessary goods to operate on.
~~~
wmawhite says():banks*
wmawhite says():Fast forward to this past week;
wmawhite says():Iraqi trade talks with Citibank to develop relations
– June 14, 2016 BAGHDAD - Qusay, Monzer Search Director General of the Trade Bank of Iraq, Faisal Sam Alheims with Conception Flannery, Managing Director of the Office of Citibank in Iraq examine how which will develop and strengthen banking relations and financial exchanges between Citibank and the Trade Bank of Iraq,
as well as lifting the barriers that stand in the way of traffic and movement of money Iraqi around the world).
He said a statement received (time) yesterday that (the meeting between the two sides is part of the bank's policy of developing relations with major international banks and financial institutions around the world and the recruitment and use these relations to serve the customers the bank and the provision of advanced banking services on a global level and to meet the development and reconstruction requirements the reconstruction of areas affected by the terrorist attacks).
http://ift.tt/1Yseck6
wmawhite says():Look at this again; as well as lifting the barriers that stand in the way of traffic and movement of money Iraqi around the world).
wmawhite says):Let me straighten out the translation;
as well as lifting the barriers that stand in the way of the constant movement around the world of the Iraqi dinar.
wmawhite says():this is Citibank stating.................let's lift the barriers...........
wmawhite says():si
david334 says):Was Citi in the orinal group
wmawhite says):No......they were not on that list I just showed.
david334 says to Hutch():thx
wmawhite says():These banks were; the Australia and New Zealand Banking Group, Standard Chartered, National Bank of Kuwait, Bank Millennium, Bank of Tokyo-Mitsubishi, San Paolo IMI, Royal Bank of Canada, Crédit Lyonnais, Caja de Ahorros y Pensiones de Barcelona, Standard Bank Group, Akbank TAS and Banco Comercial Portugues.
Idahojon says():But no us banks ?
wmawhite says to Idahojon():Yes there are.....look at the list.
wmawhite says to Idahojon():During 2003, J. P. Morgan Chase was selected to operate the Trade Bank of Iraq, thus managing billions of dollars to finance the country’s imports and exports. J. P. Morgan led a group that includes 13 banks representing 13 countries.
Idahojon says():Ah Millennium and Standard
wmawhite says to Idahojon():good question though
rcookie says to Idahojon():EXACTLY
daytrader says():The list is full of strong international banks. Why would it take an outsider to push the issue?
Hutch says to daytrader():GREAT ? LETS GIVE HIM A SEC
wmawhite says to daytrader():It may not be Citibank pushing.......it may be the TBI getting assistance from Citibank
wmawhite says to daytrader():good question
daytrader says():That makes sense. Couldn't have one of the owners pushing this.
wmawhite says():OK...very good........now we have the basic lay of the land.....................
wmawhite says():Now, let us again forward five days later to June 19, 2016;
wmawhite says():Bahrain's Ahli United Bank buys shares of TBI
Economy News / special 19/06/2016 - 18:12 Iraq Stock Exchange confirmed that Bahrain's Ahli United Bank bought the shares of Commercial Bank of Iraq.
The executive director of the market, Taha Ahmed Abdul Salam said in an interview for "Economy News", that according to the Iraqi Central Bank approval and the approval of the Securities Commission, began mediator AUB company - broker accredited to the Iraq Stock Exchange - the purchase of TBI shares in favor of the shareholder Bank Ahli United Bank of Bahrain.
Abdul Salam added that AUB Bahraini bank owns proportion (54.7%) of the shares of Commercial Bank, noting that the number of shares purchased amounting to 25 billion shares to become the rate after purchase (64.7%), adding that the purchase began as of the session 25 / 5/2016 and for a period not exceeding two months.
The number of shares bought during the sessions of 25/5 up to 31.5.2016 (3.273.625.999) shares representing the percentage (13.09%) of the total amount of stock required to be purchased (25) billion shares.
http://ift.tt/1UJefm7
wmawhite says():Since 2003, other banks in the region have been buying shares into the TBI................
wmawhite says):and today.........
wmawhite says():This bank (Bahrain’s Ahli United Bank) that is located in Bahrain already owned the majority of shares of the Trade Bank of Iraq. Yet, they apparently believe there is an up-side/an advantage to increasing their control over the TBI. They increased their shares from 54.7% to 64.7%.
wmawhite says):Why??????????
wmawhite says):This move by Bahrain’s Ahli United Bank combined with what Citibank just stated a few days ago ought to have you thinking hmmmm…….otherwise you don’t have a pulse within your body.
wmawhite says():Folks, this is very interesting news and IMO is an indicator that Iraq’s neighbors are aware of major changes coming soon from within Iraq’s financial institutions.
I have always believed that Iraq’s neighbors have their fingers on the pulse of Iraq and that they will be the first to pounce on these opportunities being created by Iraq.
wmawhite says():si that means yes
rcookie says to wmawhite():LOL
wmawhite says():that is via
david334 says to wmawhite):MerciHuge nr=ews from a very
wmawhite says):lol
david334 says to wmawhite():very sopj=histicated group
wmawhite says():si
rcookie says to wmawhite():AND AS ANOTHER BACKDROP TO THIS STORY.....ISNT THE TBI THE BANK THAT WE JUST SAW RAISE THEIR CAPITAIZATION IN THE LAST FEW DAYS ALONG WITH MANY OTHERS...
david334 says to wmawhite():this is a very smart group so they must see huge business flows
wmawhite says to rcookie():YES.........and how much was that?
rcookie says to wmawhite():300%....FROM 500 BILLION TO 1.75 TRILLION....
wmawhite says to david334():I have always believed that Iraq’s neighbors have their fingers on the pulse of Iraq and that they will be the first to pounce on these opportunities being created by Iraq.
wmawhite says():folks,....this is happening right in front of us......there are no secrets to this.....they are announcing to the world as this is happening.
david334 says to wmawhite(6):Bahrain controls the biard and Citi grets some crumbs
david334 says to wmawhite():board
wmawhite says to david334():Bahrain has controlling interest of the stock............there are still the board.....but, yes, IMO the west will get the crumbs.
wmawhite says to rcookie():Are you ready?
rcookie says to wmawhite():BU THE TELLING POINT THERE IS THEY ALREADY MAINTAINED CONTROLING INTEREST...
wmawhite says():Fast forward to this past week;
wmawhite says():Iraqi trade talks with Citibank to develop relations
– June 14, 2016 BAGHDAD - Qusay, Monzer Search Director General of the Trade Bank of Iraq, Faisal Sam Alheims with Conception Flannery, Managing Director of the Office of Citibank in Iraq examine how which will develop and strengthen banking relations and financial exchanges between Citibank and the Trade Bank of Iraq,
as well as lifting the barriers that stand in the way of traffic and movement of money Iraqi around the world).
He said a statement received (time) yesterday that (the meeting between the two sides is part of the bank's policy of developing relations with major international banks and financial institutions around the world and the recruitment and use these relations to serve the customers the bank and the provision of advanced banking services on a global level and to meet the development and reconstruction requirements the reconstruction of areas affected by the terrorist attacks).
http://ift.tt/1Yseck6
wmawhite says():Look at this again; as well as lifting the barriers that stand in the way of traffic and movement of money Iraqi around the world).
wmawhite says):Let me straighten out the translation;
as well as lifting the barriers that stand in the way of the constant movement around the world of the Iraqi dinar.
wmawhite says():this is Citibank stating.................let's lift the barriers...........
wmawhite says():si
david334 says):Was Citi in the orinal group
wmawhite says):No......they were not on that list I just showed.
david334 says to Hutch():thx
wmawhite says():These banks were; the Australia and New Zealand Banking Group, Standard Chartered, National Bank of Kuwait, Bank Millennium, Bank of Tokyo-Mitsubishi, San Paolo IMI, Royal Bank of Canada, Crédit Lyonnais, Caja de Ahorros y Pensiones de Barcelona, Standard Bank Group, Akbank TAS and Banco Comercial Portugues.
Idahojon says():But no us banks ?
wmawhite says to Idahojon():Yes there are.....look at the list.
wmawhite says to Idahojon():During 2003, J. P. Morgan Chase was selected to operate the Trade Bank of Iraq, thus managing billions of dollars to finance the country’s imports and exports. J. P. Morgan led a group that includes 13 banks representing 13 countries.
Idahojon says():Ah Millennium and Standard
wmawhite says to Idahojon():good question though
rcookie says to Idahojon():EXACTLY
daytrader says():The list is full of strong international banks. Why would it take an outsider to push the issue?
Hutch says to daytrader():GREAT ? LETS GIVE HIM A SEC
wmawhite says to daytrader():It may not be Citibank pushing.......it may be the TBI getting assistance from Citibank
wmawhite says to daytrader():good question
daytrader says():That makes sense. Couldn't have one of the owners pushing this.
wmawhite says():OK...very good........now we have the basic lay of the land.....................
wmawhite says():Now, let us again forward five days later to June 19, 2016;
wmawhite says():Bahrain's Ahli United Bank buys shares of TBI
Economy News / special 19/06/2016 - 18:12 Iraq Stock Exchange confirmed that Bahrain's Ahli United Bank bought the shares of Commercial Bank of Iraq.
The executive director of the market, Taha Ahmed Abdul Salam said in an interview for "Economy News", that according to the Iraqi Central Bank approval and the approval of the Securities Commission, began mediator AUB company - broker accredited to the Iraq Stock Exchange - the purchase of TBI shares in favor of the shareholder Bank Ahli United Bank of Bahrain.
Abdul Salam added that AUB Bahraini bank owns proportion (54.7%) of the shares of Commercial Bank, noting that the number of shares purchased amounting to 25 billion shares to become the rate after purchase (64.7%), adding that the purchase began as of the session 25 / 5/2016 and for a period not exceeding two months.
The number of shares bought during the sessions of 25/5 up to 31.5.2016 (3.273.625.999) shares representing the percentage (13.09%) of the total amount of stock required to be purchased (25) billion shares.
http://ift.tt/1UJefm7
wmawhite says():Since 2003, other banks in the region have been buying shares into the TBI................
wmawhite says):and today.........
wmawhite says():This bank (Bahrain’s Ahli United Bank) that is located in Bahrain already owned the majority of shares of the Trade Bank of Iraq. Yet, they apparently believe there is an up-side/an advantage to increasing their control over the TBI. They increased their shares from 54.7% to 64.7%.
wmawhite says):Why??????????
wmawhite says):This move by Bahrain’s Ahli United Bank combined with what Citibank just stated a few days ago ought to have you thinking hmmmm…….otherwise you don’t have a pulse within your body.
wmawhite says():Folks, this is very interesting news and IMO is an indicator that Iraq’s neighbors are aware of major changes coming soon from within Iraq’s financial institutions.
I have always believed that Iraq’s neighbors have their fingers on the pulse of Iraq and that they will be the first to pounce on these opportunities being created by Iraq.
wmawhite says():si that means yes
rcookie says to wmawhite():LOL
wmawhite says():that is via
david334 says to wmawhite):MerciHuge nr=ews from a very
wmawhite says):lol
david334 says to wmawhite():very sopj=histicated group
wmawhite says():si
rcookie says to wmawhite():AND AS ANOTHER BACKDROP TO THIS STORY.....ISNT THE TBI THE BANK THAT WE JUST SAW RAISE THEIR CAPITAIZATION IN THE LAST FEW DAYS ALONG WITH MANY OTHERS...
david334 says to wmawhite():this is a very smart group so they must see huge business flows
wmawhite says to rcookie():YES.........and how much was that?
rcookie says to wmawhite():300%....FROM 500 BILLION TO 1.75 TRILLION....
wmawhite says to david334():I have always believed that Iraq’s neighbors have their fingers on the pulse of Iraq and that they will be the first to pounce on these opportunities being created by Iraq.
wmawhite says():folks,....this is happening right in front of us......there are no secrets to this.....they are announcing to the world as this is happening.
david334 says to wmawhite(6):Bahrain controls the biard and Citi grets some crumbs
david334 says to wmawhite():board
wmawhite says to david334():Bahrain has controlling interest of the stock............there are still the board.....but, yes, IMO the west will get the crumbs.
wmawhite says to rcookie():Are you ready?
rcookie says to wmawhite():BU THE TELLING POINT THERE IS THEY ALREADY MAINTAINED CONTROLING INTEREST...
loop says():Banks are in the business of making money. Whenever a bank increases it's holding or position it is because they see an opportunity.
wmawhite says to loop():EXACTLY!!!!
wmawhite says to loop():They think they see an opportunity coming.
oldmechanic says():kinda like buy low sell high?
loop says):Citi is one of the major player (market movers) in the Forex. They are going to make a killing when Iraq comes online. IMO that is why they are doing this.
wmawhite says to oldmechanic():You got it!!!!
rcookie says to loop():GREAT POINT LOOP!...AND WHEN YOU SEE UPSWING IN CAPITALIZATION THERE IS AN INHERENT EXPECTATION OF VALUATION INCREASE...
wmawhite says):Coffee time for me...........
loop says to wmawhite():exactly. $$$$$
rcookie says to loop():THANK YOU SO MUCH MR WHITE!!....WOW!!...GREAT NEWS AND AWESOME TIE INS!!...
Hutch says():THANK YOU SO MUCH MR WHITE FOR THAT BREAKDOWN AND THANKS FOR KEEPING US WITH WHAT WE KNOW
loop says to wmawhite():THanks you Mr White
wmawhite says to loop():EXACTLY!!!!
wmawhite says to loop():They think they see an opportunity coming.
oldmechanic says():kinda like buy low sell high?
loop says):Citi is one of the major player (market movers) in the Forex. They are going to make a killing when Iraq comes online. IMO that is why they are doing this.
wmawhite says to oldmechanic():You got it!!!!
rcookie says to loop():GREAT POINT LOOP!...AND WHEN YOU SEE UPSWING IN CAPITALIZATION THERE IS AN INHERENT EXPECTATION OF VALUATION INCREASE...
wmawhite says):Coffee time for me...........
loop says to wmawhite():exactly. $$$$$
rcookie says to loop():THANK YOU SO MUCH MR WHITE!!....WOW!!...GREAT NEWS AND AWESOME TIE INS!!...
Hutch says():THANK YOU SO MUCH MR WHITE FOR THAT BREAKDOWN AND THANKS FOR KEEPING US WITH WHAT WE KNOW
loop says to wmawhite():THanks you Mr White
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