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Saturday, July 2, 2016

Herman Smith’s Investment Overview 7-2-16  Part 1 of 3


Post From Peoples Dinar

Herman Smith’s Investment Overview 7-2-16  Part 1 of 3


Hopesway:  Per HERMAN SMITH from another site with permission from Steve to post
 
 "My observations since the WB and IMF stepped into the CBI after Maliki blindsided Shabbs and tried to take over have been one of the biggest, most complex and beautifully orchestrated and timed events I have ever had the privilege of following and being part of.   
 
The people masterminding this and pulling all the strings are clever and powerful. Just think of all the diverse components (MPs, countries, Banks, companies, media, religious groups, sanctions, laws, courts, even Isis. Etc, etc.)they have had access to to dot all the eyes and Cross all the Ts.
 
All made there entry and exits on cue.    It's been a privilege to be part of such a special and clever group of people as we have first hand observed one of the greatest nation building events in history.  From September 2015 to Sept 2016 the world has and will change forever. Iraq is a key component of these changes and the New World that is coming.    A new age is dawning. "

  -And TY JDBLUE TOO!!!
  "I found this list of articles.. that is a good source of all the economic progress you speak of.. look how much they have done in the last year or two. Especially encouraging is how often we hear that the Zeros project is still alive and well. I don't look so much at the time frames  they talk about in these articles...
 
but I note that the Zeros Project is absolutely a part of their economic plan. - Still waiting.. in this crazy world... still hopeful... still watching... still here... still trying to  help in our understanding.
 
This list looks like it is loaded with information  ,  and paints a bigger picture when all these articles can be viewed together... instead of just having seen them, alone, each day as they came out.   ~ Blue

 
THE MONETARY REFORM ~ IRAQ
 
     1) Letter of Intent, Memorandum of Economic and Financial Policies, and Technical Memorandum of Understanding.
 
 December 22, 2015    1.The government will gradually remove remaining exchange restrictions and multiple currency practice (MCP) with a view to eliminating exchange rate distortions.
 
Such a move towards acceptance of the obligations under Article VIII of the IMF’s Articles of Agreement will send a positive signal to the investment community that Iraq is committed to maintain an exchange system that is free of restrictions and MCPs for current international transactions and thus facilitate creation of a favorable business climate.
 
As a first step, the government will, by end-February 2016, amend the Investment Law, or issue clarifying implementing regulations, to remove the limitation on transfer of investment proceeds that gives rise to an exchange restriction, as recommended by a recent technical assistance mission of the IMF.
 
http://ift.tt/1XTsqZ0
 
 2) Iraqi Dinar potential change in value postponed by Central Bank for 5 years says MP Noura al-Bajari
 
 Baghdad (IraqiNews.com)
 
 Oct 29, 2014    A member of the Parliamentary Economic and Investment Commission, MP Noura al-Bajari, confirmed on Wednesday that the initiative to potential change in value and delete zeros from the Iraqi Dinar is ready for implementation by the Central Bank although it will be delayed by five years given the political and security situation of Iraq.
 
http://www.iraqinews........tral-bank/   broken link
 
 3) The central bank adviser: more than $ 50 billion in bank reserves and there is an increase with heads of foreign funds
 
 6/18/2016    Quote: "he explained that” the other side , which emphasizes the central bank is trying toreconcile the preservation of foreign reserves requirements has reconciled with themarket price to ensure the stability of the Iraqi dinar exchange rate against foreign currencies as an important function of the central bank. ”
 
He noted that” stability is always the exchange rate is linked to two factors political stability and the stability of security, and the security situation"
 
http://alforatnews.c........yid=119554    bad link
 
 4) The Exchange Rate of Foreign Currency in Economic Feasibility Studies
 
  Year: 2012
1.Estimate the amended exchange rate of the Iraqi dinar to be used in technical and economical feasibility studies and for (1.134) dollar per dinar. This price should be approved for 3 years until re-appreciation by the competent authorities.
 
http://www.mop.gov.i........038;lng=en   bad link
 
 5) The launch of a green light to the deletion of zeros from the Iraqi DINAR
 
 March 4, 2015  Governor of the Central Bank announced on the Keywords, that the deletion of zeros existing project, and while noting it was given the green light for its implementation, he stressed that this process will be preceded by regulatory and administrative processes.
 
 Keywords and said that "the project to delete the zeros is based was put into practice, and we gave the green light to start with," noting that "The project needs a period of time may extend to two years or more."
 
 Keywords and added that "this process will be preceded by regulatory and administrative processes and the form in which it will be starting out is going," noting that "the bank began creating currency models and training personnel on it."
 
 The Iraqi Central Bank announced in May 2012 that the process of deletion of zeros Iraq will be transferred from the country of billions to trillions, noting that the process of replacing the currency needs to be approved by parliament.
 
 He accused the central bank, in (12 September 2011), government agencies obstructing monetary reform and vowed persecuting, blaming the authorities responsible for exposing the financial interests of the country at risk.
 
 It is noteworthy that some economists believe that Iraq is not formatted for the time being to delete the zeros of the Iraqi dinar, pointing out that the deletion needs to be a security and political stability as well as stability of the economy. | S
 
http://ift.tt/1CuvcNc
 
 
 6) Member of the parliamentary economic: the situation of the country is not conducive to the deletion of zeros from currency
 
 5-5-2016  Baghdad} Euphrates News Member of the Committee on Economy and Investment parliamentary Najiba Najib, explained that the security and political situation in the country does not help to make a decision to delete the zeros from the currency.
 
 She said Najib told {Euphrates News} " The project to delete the zeros still exists, in terms of the study and details," afterthought "but implementation delayed because of the security situation is stable."
 
 She added that " the political situation experienced by the country , which does not help for the success of the project," noting that " the lack of political and security stability in the country postponed the project to delete the zeros."
 
 the Governor of the Central Bank and the agency on the Keywords, said a former time, that " the project to delete the zeros will be implemented in early 2017, noting that the bank" began to develop the first project steps. "
 
 he explained " the purpose of deleting three zeros from the Iraqi currency is to support the Iraqi dinar and make it a competitor of foreign currencies." it is noteworthy that, the American site "howmuch.net", class last Saturday, the Iraqi dinar was ranked 20 among the strongest Arab currencies against the dollar, according to the published by the site from the list of the order of Arab currency exchange rate of the strongest to Alodaf.anthy 1   http://howmuch.net/
 
http://alforatnews.c........yid=115991 bad link
 
 7) Central Bank Governor "long": equality dinar dollar threatens local production and the deletion of zeros depends on stability
 
 06/22/2016   Long-Presse / Baghdad  Maybe it raises talk in economic and financial affairs many Hjona the followers, he is the modern-related livelihood daily per capita and how to get the economy moving......
 
http://ift.tt/29dvZZv
 
 8) Keywords: project to delete the zeros did not stop there and the circumstances relating to the country's stability
 
 Long-Presse / Baghdad  The governor of the central bank on the Keywords, on Sunday, that the project to delete the zeros from the currency did not stop, and among the conditions relating to the stability of the country intervened unlike the project, pointed out that the coin 50 thousand does not lead to inflation
 
 9) Iraqi economy: between puzzle corruption and float currency
 
 August 27, 2015   .......We mean the currency float is to let the exchange rate of a currency floating rise and fall with demand and supply in the money market, and taking waves Balaattabarmistoy liberation of the national economy, and the adequacy of its performance, and flexibility of its production apparatus. in
 
 order to understand more of the process of flotation , the Central Bank of the State to leave the exchange currency in local currency rate ( Iraqi dinar and foreign) such as ( the dollar)........
 
http://ift.tt/1U86yes
 
 10) Central is preparing to launch bonds in local currency and asserts: We have a surplus of foreign currency
 
 8/26/2015    Long-Presse / Baghdad   An informed source at the Central Bank of Iraq, on Wednesday, for the last willing to put up bonds in local currency for sale, while pointing to the existence of a surplus of foreign currency in the country.
 
 The source said in an interview with (long-Presse), said that Iraq needs funds in local currency rather than in hard currency and that the central bank is preparing to launch bonds in local currency for sale in order to strengthen the local currency.
http://ift.tt/29dvZZv
 
 11) Hakim calls for the central bank to the new paper currency image of the upper threshold of the Holy included
 
 August 26, 2015     New MP Dr Abdul Hadi al - Hakim , his call for the need to cross the Iraqi currency , which the central bank purports to release the identity of the country and the originality and depth of civilization, revealing at the same time the most purity and specificity and humane in his past authentic and present pension features. The MP - Hakim told Nun news reporting on the need to the new currency include a picture of the Dome shrine faithful , peace be upon the occasion of fourteen centuries after its adoption by the peace Kufa Najaf, Iraq 's capital to succeed him an adult. Mr. Navarro said that the currency - paper and metal...........
 
 12) Basic pillars of the proposed five-year plan for the next Central Bank of Iraq
 
 2015-08-12    Samir Abdullah said the Iraqi banking sector for more than twelve years and up to the present time practicing policies and mechanisms troubled regulated by experimental and can be considered a transitional phase is still ongoing in order to build a sound Iraqi experience in determining the foundations and pillars of the national economic construction depends fiscal and monetary policies applications essential and important Ekhalqat in
 
 This construction led by the Central Bank of Iraq as the first charge as stated in the law (56 of 2004) for the supervision and control of the banking system and run it according to its means in monetary policy applications and its impact on the overall economy on the grounds that the financial and monetary adviser to the government in addition to his duties essential to maintain Aldenarabraghi exchange rate against foreign currencies and build foreign cash reserves and the reduction of inflation...........
 
 13) The central bank's "Tomorrow Press": the project to delete the zeros will be implemented in early 2017
 25/06/2015   Tomorrow Press / BAGHDAD: The governor of the Iraqi Central Bank, on Thursday, said the project to delete the zeros will be implemented in early 2017, indicating that the bank began to develop the first steps of the project. Keywords and said for "tomorrow Press", "The goal of deleting three zeros from the Iraqi currency is to support the Iraqi dinar and make it a competitor of foreign currency", he returned him as" that strategic project will serve the country's economy.
 
 "he added that" the Bank is working on the mechanisms in place towards the implementation of this project is expected to commence by the beginning of 2017 , "noting that" the central bank began the first steps for the project through the selection of designs, companies and the country that will be done printed currency.
 
 " He noted that" the introduction of new currency does not mean the destruction of ancient coins , but it will continue to trade to about ten years , "pointing out that" this period will enable the central bank to withdraw the old currency in accordance with the mechanisms will maintain market liquidity.
 
" the Finance Committee in the House of Representatives earlier revealed, (2013 August 15), the postponement of the process of removing zeros from the currency until after the next parliamentary elections, while confirming that the government is demanding guarantees for non - substituent currency back to the markets and forge.
 
 the Central Bank of Iraq confirmed, in the (April 25, 2013), that there is no intention at the moment to restructure the currency and delete the three zeroes of them, denying the reports in this regard. it is noteworthy that the General Secretariat of the Council of Ministers announced (April 12, 2012), all wait in the application process of deletion of zeros from the national currency, which had to be procedures stop all related to the transaction mentioned until further notice.
 
It is noteworthy that some economists believe that Iraq is not formatted for the time being to delete the zeros from the dinar, pointing out that the deletion needs to be a security and political stability as well economic stability.
 
 14) Parliamentary economy calls for the deletion of zeros and issuing Banknotes small to strengthen the dinar
 
 September 8, 2015     He called a member of the Economy and Investment parliamentary Najiba Najib to delete the zeros of the Iraqi currency issuing Banknotes small to strengthen the dinar.
 
 She said Najib said the main ways to strengthen the Iraqi dinar come through the diversification of sources of revenue because Iraq's dependence on oil only will negatively impact on the economy, indicating that monetary policy in the country need to measures by the central bank, either through deletion of zeros or issuing Banknotes small because they are necessary in a manner consistent with the economy and fiscal policy.
 
 The Prime Minister Haider al-Abadi said the Iraqi currency reserved and have a great economic power, hard currency is because they are also backed that Iraq has the potential and capabilities of being able to economic advancement.
 
15) (ABOVE ARTICLE DATED 10/3/2016)
 
 
 16) Raed al-Hashemi delete the zeros will lead to queues in banks to replace banknotes
 
 Chief Economist of Raed al - Hashimi, the deletion of zeros from the local currency needs to be political, security and economic stability, noting that the feminine currency will lead to the feminine economy and facilitate the payments system and raise the value of the currency......
 
 17) Central bank: Iraqi dinar Bmoasfath and techniques ahead of a lot of European countries
 
 April 11, 2016    Alsumaria News / Baghdad said Governor of the Central Bank on the Keywords, on Monday, the Iraqi dinar Bmoasfath current techniques is ahead of many European countries, indicating that the bank is development and the search for the best technologies in the issuance of paper or change continuously.
 
Keywords and said in a seminar hosted by the Bank on Iraqi currency and the need to preserve and attended by Alsumaria News that " the bank is proud that the specifications and techniques used in the printing of the Iraqi advanced banknote in many countries and even developed countries , " noting that " Iraq progresses even on the European countries to the implementation of specifications developed in the currency, which closed these techniques which ports claim for misrepresentation of the currency. "
 
18) Experts (time): A class of 50 thousand facilitates transactions and maintain the dinar
 
 NOVEMBER 18, 2015    Ed economists and members of the parliamentary finance committee feet of the Iraqi Central Bank on the new coin issued category 50 000 dinars, stressing that this process will contribute to facilitating business transactions and keeps the value of the dinar, saying it will pave the way for the process of deleting the zeros and pull the small coins as a result of inflation.
 
 The experts expressed privately (time) yesterday expressed reservations on the deletion of zeros because of the economic implications differed officials at the central bank on whether to issue a new currency connection with the deletion of zeros, but they agreed that this process needs to be measures may extend to a long time........
 
 19) Parliamentary Economy: delete the zeros need a safe environment and next year will see the issuance of a class of 100 thousand dinars
 
 22/11/2015    A commission of parliamentary economy, on Saturday, for the issuance of a class 100,000 dinars coin early next year to market need to deal with, pointing out that legal action properly and in conformity with the laws of the central bank, while stressing specialists in economic affairs that the issuance of the big currencies, whether of class The 50 or 100 000 dinars, is part of a large project to restructure the Iraqi currency................
 
 20) Director General of the Central Bank Alasaddarwalkhozain Ihsan Yasiri: Guetaoualamlhalaracahalmsdrhlltdaol very high
 
 01/13/2016     Iraqi concerns are no longer limited to the security aspect, as the economic income especially strongly after the collapse of oil prices and the state of austerity included in the budget 2016 , as she returned Other concerns represented by the presence of loads of big private counterfeit currency , which is now a lot of people are afraid to deal out with the refrain from accepting some Banknote torn or damaged due to the lack received from the government and private banks.
 
 State of the Iraqi currency and the paper used to print the financial and cover her, and amounts of money counterfeit and how they are dealing with a person who commits the offense of counterfeiting, I stopped (range) when the director general of release and cabinets in the Central Bank ethnic professor Ihsan Shomran Yasiri put in front of the concerns and fears of the people............  
 21) The Central Bank, on Saturday, the lack of intent to amend the Iraqi dinar exchange rate
 
 09/01/2016    The Central Bank, on Saturday, the lack of intent to amend the Iraqi dinar exchange rate, noting that the devaluation of the dinar would lead to damaging the purchasing power of citizens.
 
 The bank said in a statement carried by local media, said he "has no intention to amend the dinar exchange rate and what is declared him otherwise, from any person or entity has no regard for, especially after it has been installed price in the budget agreement with the government and the IMF."
 
 The statement added that "the central bank is well aware that any reduction in the value of the dinar meant damaging the purchasing power of citizens because most of their needs are imported."
 
 In another context, the central said, that dealing with the financial situation in the country would only be done through the promotion of sectors "real", as he emphasized that the bank's board is the only body authorized according to the law determining the dinar exchange rate.
 
 He stressed that "address the financial situation must be conducted through the promotion of real sectors," noting that "the bank's initiative to provide loans for the promotion of these sectors was a signal and an incentive for the promotion of these sectors."
 
 He explained that "the bank's board is the only body authorized according to the law determining the dinar exchange and every statement in this regard does not make him the price is confusion and confusion to the market."
 
 The Prime Minister Haider al-Abadi said earlier, that the Iraqi currency backed strongly there is no fear on the exchange rate of the dinar against the dollar, as he pointed to the existence of "fraud and conspiracy" to influence the current situation.
 
 22) CBI rejects the distribution of salaries in dollars
 
 Sunday 22-11-2015 .......Keywords pointed out that the project to delete the zeros from the currency is still there, but administrative conditions are not favorable for its implementation so far.......
 
 23)  THIS ARTICLE IS  FROM 2012 , IT'S VERY CLEAR NOW THAT IN ORDER FOR IRAQ TO GET THE LOAN THEY HAVE TO IMPLEMENT WHAT THE IMF TOLD THEM TO DO, ALSO ONE OF THE REFORM IS THE CURRENCY.
 
THE IMF SAID THAT THEY WILL GIVE IRAQ $15 B OVER THREE YEARS
 
THE FIRST $5B WILL BE BY JUNE, IN ORDER FOR IRAQ TO GET THE MONEY THEY HAVE TO ACT VERY FAST.
 
Finance: Delete the zeros of the local currency enhances the value of Iraqi dinar in the International Monetary Fund
 
 Palm – The Ministry of Finance that the deletion of zeros from the local currency will liberate the Iraqi economy from the constraints and enhance the value of Iraqi dinar in the International Monetary Fund.
 
 The chancellor said the Ministry of Finance Zia Alckheon that the survival of the existing currency to its current state would not address the question of the economic gap experienced by the Iraqi dinar as it will increase the burden on the local economy.
 
 The International Monetary Fund expressed support for the Iraqi economy in the event of his a number of economic measures, including the privatization of banks and lifting the three zeroes from the currency and honoring debts.
 
 24) Glazer expressed serious US taken decisions on the fight against corruption in Iraq
 
 6-3-2016   ….."The intention of the United States after the resolution of the battle of Fallujah to provide advice and information to the Iraqi government to implement measures for financial reforms in the Central Bank"…..


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