Post From Dinar Updates
Chat Room Excerpts & Highlights
Dinar Updates RCookie News Time 6-8-16 Part 1 of 2
WELCOME TO NEWSTIME WITH RCOOKIE
rcookie: OK....THE NEWS SINCE MONDAY IS SMOKIN!!!!!
HUTCH: I LIKE THE SOUND OF THAT !
rcookie: YESTERDAY AND TODAY ESPECIALLY.......
rcookie: SO THE 1ST 2 ARTICLES ARE WITH THE EU WORKING WITH IRAQ TOWARD WTO ACCESSION!!!!.....
rcookie: And despite the fact that the WTO is still the modern multilateral trading system, which was originally set up under GATT he has reached fifty years old, and celebrate the golden jubilee of the system in Geneva on May 19, 1998 in the presence of many heads of state and government leaders.LINK
rcookie: IRAQ LOOKING WITH EU FOR ASSISTANCE TO JOIN WORLD TRADE ORGANIZATION MINISTRY OF COMMERCE HASHIM HATEM MET WITH EU COMMISSION REGARDING CUSTOMS ISSUES & TECHNICAL AREA INTELLECTUAL PROPERTY RIGHTS
~~~
Chat Room Excerpts & Highlights
Dinar Updates RCookie News Time 6-8-16 Part 1 of 2
WELCOME TO NEWSTIME WITH RCOOKIE
rcookie: OK....THE NEWS SINCE MONDAY IS SMOKIN!!!!!
HUTCH: I LIKE THE SOUND OF THAT !
rcookie: YESTERDAY AND TODAY ESPECIALLY.......
rcookie: SO THE 1ST 2 ARTICLES ARE WITH THE EU WORKING WITH IRAQ TOWARD WTO ACCESSION!!!!.....
rcookie: And despite the fact that the WTO is still the modern multilateral trading system, which was originally set up under GATT he has reached fifty years old, and celebrate the golden jubilee of the system in Geneva on May 19, 1998 in the presence of many heads of state and government leaders.LINK
rcookie: IRAQ LOOKING WITH EU FOR ASSISTANCE TO JOIN WORLD TRADE ORGANIZATION MINISTRY OF COMMERCE HASHIM HATEM MET WITH EU COMMISSION REGARDING CUSTOMS ISSUES & TECHNICAL AREA INTELLECTUAL PROPERTY RIGHTS
~~~
AS WELL AS INSTITUTIONS THAT WILL OVERSEE SUCH MATTERS AS TRADEMARKS AND CERTIFICATES THAT WILL COVER AND MADE ARRANGEMENTS FOR JAAFARI MEETING IN SEPTEMBER TO FOSTER ECONOMIC BILATERAL RELATIONS BETWEEN IRAQ & EU...
rcookie: SO THE EU IS GOING TO WORK WITH THEM FOR FULL ACCESSION TO WTO.........WHAAAAAAAAT!!!
HUTCH: THATS HUGE !!!!
rcookie: DID EVERYONE PASS OUT...
HUTCH: ANYONE ELSE LIKE THAT?
WMWHIITE: Any idea why it is the EU stepping forward to assist and not someone else?
rcookie: THEY ARE LOOKING FOR GUIDANCE CONCERNING INTELLECTUAL PROPERTY RIGHTS...AND AS WE WILL SEE LATER AN INSTITUTION THAT WILL OVERSEE THE TRADEMARK LIKE ACTIVITIES....
rcookie: BRING IT MR WHITE!!..
WMWHITE: Look at where most of the investment is coming from to date into Iraq........
WMWHITE: the EU
rcookie: AGREED...THEY ARE LINED UP AND CHOMPING AT THE BIT WAITING IN KURDISTAN.
WMWHITE: The EU is biting at the bit ready to jump into Iraq.
rcookie: LOL
WMWHITE: the WTO is gravy on that Liver and Onions...........LOL
rcookie: IF YOU DON'T BELIEVE US.....HERE CHECK FOR YOURSELF http://ift.tt/1UptvEr
rcookie: IRAQ BRITISH BUSINESS COUNCIL......
rcookie: AND ANOTHER REASON I THINK THIS ANNOUNCEMENT IS SPECIAL AND NOT AT ALL A COINCIDENCE....
WMWHITE: Remember a couple of weeks ago the Ambassador from the UK called upon all British companies to get their butts into Iraq.....
rcookie: YES SIR....GREAT POINT..
HUTCH: YOU MEAN IT WASN'T FOR TEA AND CRUMPETS?
rcookie: ANYONE REMEMBER WHAT IRAQ WAS DOING MAY 15-19.........
WMWHITE: We (USA) appear to be the only country that has no idea of what great events are happening in Iraq. Were they in Class????
HUTCH: WHAT WERE THEY DOING?
rcookie: TELL HIM WHAT HES WON JOHNNY!!
WMWHITE: crickets....crickets.....crickets......
JIMPLANTS: international business fair
DINARDAVE: UST.... Sounds like their out and about...
DAYTRADER: WTO class
WMWHITE: A brand new WTO hat...........
TexasDinar254: Turning in report to IMF
rcookie: HMMMMMMM...WHAT A COINKYDINK!!
HUTCH: WHAT THE HECK IS THAT ?
TexasDinar254: To be excepted to international standards?
rcookie: SO AROUND 3 WEEKS AFTER THIS WORKSHOP THIS INITIATIVE IS PUBLIC..
MYDINR: Any idea how long WTO take to complete?
WMWHITE: The WTO process is a multi year process..........however, Iraq started it's process over 10 years ago........They are near the end of the process...........
rcookie: THEY HAVE BEEN WORKING ON WTO SINCE 2004...
MRJAZZMAN66: Is it true their currency has to have some kind of value for Iraq to gain acceptance to the w.t.o?
WMWHITE: some kind of value is all relative.............
rcookie: FEB 2004 THEY STARTED AND GRANTED OBSERVER STATUS....I WILL POST ENTIRE WTO TIMELINE AND STATUS...
WMWHITE: it will be in Iraq's benefit to trade with the IQD at its true value........
TEXASDINAR254: Has Iraq put in their letter of intent yet to inter the global market? They have till the 15 th to do.
WMWHITE: I did not know that there was a letter of intent required to join the global market.
WMWHITE: TexasDinar254.............who told you that???? LOL
rcookie: THE LETTER OF INTENT COMES FROM THE IMF AND OUTLINES ECONOMIC & FINANCIAL POLICIES AND A MEMORANDUM OF UNDERSTANDING MOU SORT OF LIKE A CONTRACT BETWEEN IRAQ & IMF...AND SIGNED BY ZEBARI AND ALAK.....THEY HAVE BEEN WORKING WITH LOI'S SINCE 2011...
rcookie: OK ONE OF THE OTHER HUGE STORIES WAS THIS......
rcookie: STATE DEPOSIT INSURANCE COMPANY Central bank: will set up a company to guarantee deposits with a capital of 100 billion dinars History Tahrir:: 2016/6/7 21:10 • 213 times mqrw’h{Baghdad}
Euphrates News Central Bank said on Tuesday that "the cabinet's approval of the draft prepared by the deposit guarantee system of the bank, will allow to establish a company to guarantee deposits with a capital of 100 billion dinars."
The bank said in a statement received by the agency {Euphrates News} a copy of it today , "The Cabinet approved the draft guarantee deposits prepared by the bank system, under this system will be set up a company to guarantee deposits with a capital of 100 billion dinars, and includes the company 's private and government banks, and will put banks ratio specific deposits the company has a way to ensure pay depositors in case of bank default or being subjected to liquidation. "
He pointed out that" this would stimulate citizens to deposit their money in banks rather than Aktnazha who misses invest this money and stimulate the economy opportunities as well as risks to keep in houses .. hat of money chunky outside the banking system of more than 30 trillion dinars. "
the cabinet has agreed on Tuesday to issue a guarantee bank deposits system that Dqgah Council of State based on the provisions of item III of the Constitution and Article IV of the Iraqi Central Bank Law No. 56 of 2004.anthy
rcookie: CABINET APPROVES ISSUANCE OF GUARANTEED BANK DEPOSIT SYSTEM UNDER ARTICLE III OF CONSTITUTION AND ARTICLE IV OF THE CENTRAL BANK LAW NO 56 (2004) AND ALSO DIRECTLY SATISFIES A BANKING SUPERVISION INITIATIVE IN 2016 IMF LOI
WMWHITE: Was this a huge surprise to see this????
TEXASDINAR254: on Iraqia TV...the IMF says they made a deal with Iraq...and they are going to receive a letter of intent to this commitment by the 15th of June.ty Rcookie
WMWHITE: Was this Delta watching TV ????
rcookie: NO SIR.....SOMETHING THEY HAVE BEEN WORKING TOWARD AND IN DIRE NEED OF IN ORDER TO ATTRACT AND RETAIN INT'L BUSINESS AND INVESTMENT...
rcookie: AND THIS INT'L INVESTMENT IN BANKS...STOCKS.. REAL ESTATE..BUSINESS COULD NOT HAPPEN WITHOUT IT......
rcookie: AND MOST IMPORTANTLY CITIZEN CONFIDENCE IN BANKING SECTOR...
WMWHITE: Do you remember the IMF about the SDR Loan and that now the G7 is approaching Iraq TO secure financial agreements? More confidence in both Iraqi and foreign investors.
rcookie: WHICH WILL IMPACT THEIR CREDIT RATING...IMPROVE THEIR EASE OF DOING BUSINESS SCORES WITH WB...AND INSTILL CONFIDENCE, AGREED...
HUTCH: AND INSTILL CONFIDENCE ! THAT'S A BIGGIE!!!
rcookie: NOW IT OUTLINES A LOTTA JUICY DATA IN THERE....
rcookie: ABDUL MAHDI WHO IS LEADER OF SUPREME ISLAMIC COUNCIL STATES FORMATION OF BANK DEPOSIT GUARANTEE COMPANY IS POSITIVE STEP IN SOLIDIFYING THE BANKING SECTOR..OUTLINES BANKS WITH MINIMUM CAPITAL OF 100 BILLION DINARS...
AND ALREADY APPROVED BY COM WILL ENSURE DEPOSITORS MONEY FROM RISK OF BANKRUPTCY, LIQUIDATION & DEFAULT..
rcookie: SO THE EU IS GOING TO WORK WITH THEM FOR FULL ACCESSION TO WTO.........WHAAAAAAAAT!!!
HUTCH: THATS HUGE !!!!
rcookie: DID EVERYONE PASS OUT...
HUTCH: ANYONE ELSE LIKE THAT?
WMWHIITE: Any idea why it is the EU stepping forward to assist and not someone else?
rcookie: THEY ARE LOOKING FOR GUIDANCE CONCERNING INTELLECTUAL PROPERTY RIGHTS...AND AS WE WILL SEE LATER AN INSTITUTION THAT WILL OVERSEE THE TRADEMARK LIKE ACTIVITIES....
rcookie: BRING IT MR WHITE!!..
WMWHITE: Look at where most of the investment is coming from to date into Iraq........
WMWHITE: the EU
rcookie: AGREED...THEY ARE LINED UP AND CHOMPING AT THE BIT WAITING IN KURDISTAN.
WMWHITE: The EU is biting at the bit ready to jump into Iraq.
rcookie: LOL
WMWHITE: the WTO is gravy on that Liver and Onions...........LOL
rcookie: IF YOU DON'T BELIEVE US.....HERE CHECK FOR YOURSELF http://ift.tt/1UptvEr
rcookie: IRAQ BRITISH BUSINESS COUNCIL......
rcookie: AND ANOTHER REASON I THINK THIS ANNOUNCEMENT IS SPECIAL AND NOT AT ALL A COINCIDENCE....
WMWHITE: Remember a couple of weeks ago the Ambassador from the UK called upon all British companies to get their butts into Iraq.....
rcookie: YES SIR....GREAT POINT..
HUTCH: YOU MEAN IT WASN'T FOR TEA AND CRUMPETS?
rcookie: ANYONE REMEMBER WHAT IRAQ WAS DOING MAY 15-19.........
WMWHITE: We (USA) appear to be the only country that has no idea of what great events are happening in Iraq. Were they in Class????
HUTCH: WHAT WERE THEY DOING?
rcookie: TELL HIM WHAT HES WON JOHNNY!!
WMWHITE: crickets....crickets.....crickets......
JIMPLANTS: international business fair
DINARDAVE: UST.... Sounds like their out and about...
DAYTRADER: WTO class
WMWHITE: A brand new WTO hat...........
TexasDinar254: Turning in report to IMF
rcookie: HMMMMMMM...WHAT A COINKYDINK!!
HUTCH: WHAT THE HECK IS THAT ?
TexasDinar254: To be excepted to international standards?
rcookie: SO AROUND 3 WEEKS AFTER THIS WORKSHOP THIS INITIATIVE IS PUBLIC..
MYDINR: Any idea how long WTO take to complete?
WMWHITE: The WTO process is a multi year process..........however, Iraq started it's process over 10 years ago........They are near the end of the process...........
rcookie: THEY HAVE BEEN WORKING ON WTO SINCE 2004...
MRJAZZMAN66: Is it true their currency has to have some kind of value for Iraq to gain acceptance to the w.t.o?
WMWHITE: some kind of value is all relative.............
rcookie: FEB 2004 THEY STARTED AND GRANTED OBSERVER STATUS....I WILL POST ENTIRE WTO TIMELINE AND STATUS...
WMWHITE: it will be in Iraq's benefit to trade with the IQD at its true value........
TEXASDINAR254: Has Iraq put in their letter of intent yet to inter the global market? They have till the 15 th to do.
WMWHITE: I did not know that there was a letter of intent required to join the global market.
WMWHITE: TexasDinar254.............who told you that???? LOL
rcookie: THE LETTER OF INTENT COMES FROM THE IMF AND OUTLINES ECONOMIC & FINANCIAL POLICIES AND A MEMORANDUM OF UNDERSTANDING MOU SORT OF LIKE A CONTRACT BETWEEN IRAQ & IMF...AND SIGNED BY ZEBARI AND ALAK.....THEY HAVE BEEN WORKING WITH LOI'S SINCE 2011...
rcookie: OK ONE OF THE OTHER HUGE STORIES WAS THIS......
rcookie: STATE DEPOSIT INSURANCE COMPANY Central bank: will set up a company to guarantee deposits with a capital of 100 billion dinars History Tahrir:: 2016/6/7 21:10 • 213 times mqrw’h{Baghdad}
Euphrates News Central Bank said on Tuesday that "the cabinet's approval of the draft prepared by the deposit guarantee system of the bank, will allow to establish a company to guarantee deposits with a capital of 100 billion dinars."
The bank said in a statement received by the agency {Euphrates News} a copy of it today , "The Cabinet approved the draft guarantee deposits prepared by the bank system, under this system will be set up a company to guarantee deposits with a capital of 100 billion dinars, and includes the company 's private and government banks, and will put banks ratio specific deposits the company has a way to ensure pay depositors in case of bank default or being subjected to liquidation. "
He pointed out that" this would stimulate citizens to deposit their money in banks rather than Aktnazha who misses invest this money and stimulate the economy opportunities as well as risks to keep in houses .. hat of money chunky outside the banking system of more than 30 trillion dinars. "
the cabinet has agreed on Tuesday to issue a guarantee bank deposits system that Dqgah Council of State based on the provisions of item III of the Constitution and Article IV of the Iraqi Central Bank Law No. 56 of 2004.anthy
rcookie: CABINET APPROVES ISSUANCE OF GUARANTEED BANK DEPOSIT SYSTEM UNDER ARTICLE III OF CONSTITUTION AND ARTICLE IV OF THE CENTRAL BANK LAW NO 56 (2004) AND ALSO DIRECTLY SATISFIES A BANKING SUPERVISION INITIATIVE IN 2016 IMF LOI
WMWHITE: Was this a huge surprise to see this????
TEXASDINAR254: on Iraqia TV...the IMF says they made a deal with Iraq...and they are going to receive a letter of intent to this commitment by the 15th of June.ty Rcookie
WMWHITE: Was this Delta watching TV ????
rcookie: NO SIR.....SOMETHING THEY HAVE BEEN WORKING TOWARD AND IN DIRE NEED OF IN ORDER TO ATTRACT AND RETAIN INT'L BUSINESS AND INVESTMENT...
rcookie: AND THIS INT'L INVESTMENT IN BANKS...STOCKS.. REAL ESTATE..BUSINESS COULD NOT HAPPEN WITHOUT IT......
rcookie: AND MOST IMPORTANTLY CITIZEN CONFIDENCE IN BANKING SECTOR...
WMWHITE: Do you remember the IMF about the SDR Loan and that now the G7 is approaching Iraq TO secure financial agreements? More confidence in both Iraqi and foreign investors.
rcookie: WHICH WILL IMPACT THEIR CREDIT RATING...IMPROVE THEIR EASE OF DOING BUSINESS SCORES WITH WB...AND INSTILL CONFIDENCE, AGREED...
HUTCH: AND INSTILL CONFIDENCE ! THAT'S A BIGGIE!!!
rcookie: NOW IT OUTLINES A LOTTA JUICY DATA IN THERE....
rcookie: ABDUL MAHDI WHO IS LEADER OF SUPREME ISLAMIC COUNCIL STATES FORMATION OF BANK DEPOSIT GUARANTEE COMPANY IS POSITIVE STEP IN SOLIDIFYING THE BANKING SECTOR..OUTLINES BANKS WITH MINIMUM CAPITAL OF 100 BILLION DINARS...
AND ALREADY APPROVED BY COM WILL ENSURE DEPOSITORS MONEY FROM RISK OF BANKRUPTCY, LIQUIDATION & DEFAULT..
rcookie: HE EMPHASIZES & IDENTIFIES THE 34 TRILLION DINARS OUTSIDE THE BANKING SYSTEM WHICH OPERATE ON A “PARALLEL ECONOMY” BEING DIFFICULT TO CONTROL...
HE CLERLY STATES THE IRAQI ECONOMY BEING A CASH DEPENDENT ECONOMY WHICH IS BACKWARD AND COUNTERPRODUCTIVE TOWARD CORRUPTION & MONEY LAUNDERING...
rcookie: HE STATES IT IS HALF OF THE “M1 MONEY SUPPLY” (PAPER CURRENCY NOTES & COINS) OF 67 TRILLION...
AND 24% OF “M2 MONEY SUPPLY” (M1 PLUS SHORT TERM DEPOSITS IN BANKS) OF 83 TRILLION ...
AND THE DEEPENING OF LIQUIDITY CRISIS DUE TO LACK OF BANKING SYSTEM CONFIDENCE...
THIS LEADS TO LACK OF CLARITY & FAIRNESS IN TAX SYSTEM AND WILLINGNESS OF STATE TO CONTROL ACCOUNTS & FUNDS FOR SECURITY & ECONOMIC REASONS..
rcookie: ABDUL MAHDI POINTS OUT THAT THE RAMPANT CORRUPTION HAS LEAD TO “PARALLEL” “BLACK MARKET” “SHADOW” ECONOMIES IN ADVANCED ECONOMIES ALSO..HE STATED THIS COMPANY FOUNDATION SHOULD NOT ONLY BE PROTECT DEPOSITORS MONEY..BUT ALSO STIMULATE INTEREST...BUSINESS & INVESTMENTS...
rcookie: HE STATES CONFIDENCE IN TEMPORARY & PERMANENT INCENTIVE MEASURES TO REACQUIRE BANK BUSINESS & CONFIDENCE BACKED BY GLOBAL STANDARD LEGAL GUARANTEES...
ALONG WITH CAREFUL STUDY OF INTEREST RATE POLICIES THAT DRIVE THE MARKETS & INVESTMENTS TO REVIVE IRAQ'S ECONOMY...
HE CLERLY STATES THE IRAQI ECONOMY BEING A CASH DEPENDENT ECONOMY WHICH IS BACKWARD AND COUNTERPRODUCTIVE TOWARD CORRUPTION & MONEY LAUNDERING...
rcookie: HE STATES IT IS HALF OF THE “M1 MONEY SUPPLY” (PAPER CURRENCY NOTES & COINS) OF 67 TRILLION...
AND 24% OF “M2 MONEY SUPPLY” (M1 PLUS SHORT TERM DEPOSITS IN BANKS) OF 83 TRILLION ...
AND THE DEEPENING OF LIQUIDITY CRISIS DUE TO LACK OF BANKING SYSTEM CONFIDENCE...
THIS LEADS TO LACK OF CLARITY & FAIRNESS IN TAX SYSTEM AND WILLINGNESS OF STATE TO CONTROL ACCOUNTS & FUNDS FOR SECURITY & ECONOMIC REASONS..
rcookie: ABDUL MAHDI POINTS OUT THAT THE RAMPANT CORRUPTION HAS LEAD TO “PARALLEL” “BLACK MARKET” “SHADOW” ECONOMIES IN ADVANCED ECONOMIES ALSO..HE STATED THIS COMPANY FOUNDATION SHOULD NOT ONLY BE PROTECT DEPOSITORS MONEY..BUT ALSO STIMULATE INTEREST...BUSINESS & INVESTMENTS...
rcookie: HE STATES CONFIDENCE IN TEMPORARY & PERMANENT INCENTIVE MEASURES TO REACQUIRE BANK BUSINESS & CONFIDENCE BACKED BY GLOBAL STANDARD LEGAL GUARANTEES...
ALONG WITH CAREFUL STUDY OF INTEREST RATE POLICIES THAT DRIVE THE MARKETS & INVESTMENTS TO REVIVE IRAQ'S ECONOMY...
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