Millionday Friday Roundtable Part 2

Millionday Friday Rountable May 1, 2015  Part 2

WELCOME TO MILLONDAY ROUNDTABLE 

Millionday   NOTE -- NOT ONLY DOES THE INTERNATIONAL COMMUNITY NEED TO RUSH WITH MILITARY SUPPORT BUT IT ALSO NEEDS TO HURRY DUE TO IRAQ IMPLEMENTING THE REFORMS OBVIOUSLY 

Millionday    provide support to the cities destroyed by military operations and thus contributing to the return of displaced persons in the light of the initiative launched by Jubouri this block. 

 "The statement noted that the ambassadors expressed their" support for the initiative of President of the House of Representatives through humanitarian action plan, and in coordination with the Anbar province, officials, and in accordance with government contexts in force in Iraq. 
~~~

"The meeting was attended by the governor of Anbar Suhaib al-Rawi and a number of representatives of bodies relief and civil society organizations.

Millionday     SO THEY ARE SHOWING A PATTERN OF CLEAN UP AND ALSO WE SAW THE WORLD BANK ALSO REFERENCE THE FUNDS FOR CLEAN UP OF THE STREETS ETC

Millionday IT APPEARS THAT THEY ARE WORKING TO GET AS MANY INVOLVED TO REBUILD AND CLEAN UP ETC

puffdragon    We gave them Maliki I think we need to give Abadi and the new gov he has created the ball here and stay out of the way!

Millionday    HE IS BY FAR IMO A MUCH BETTER LEADER AND OBVIOUSLY THE FINANCIAL BACKGROUND HE HAS IS PAYING OFF FOR IRAQ -- I AGREE

Millionday    The Minister of Tourism and Antiquities just Hurcab, on Wednesday, that the ministry supports all elements of tourism in Iraq to supplement the budget of new revenues,

promised to attend the deputies and managers of tourist companies to the junction of travel and tourism companies in the capital Baghdad demonstrates the security and stability in the capital,

while the Committee stressed the parliamentary tourism the need to activate tourism and investment in other sectors to supplement the budget and reduce the dependence on the proceeds of oil imports.

Millionday    NOTE -- THE COMMITTEE ON TOURISM AND ANTIQUITIES IS STATING THAT THEY ARE READY AND RECOMMEND THE OPENING OF THE SECTOR

Millionday    NOTE -- AND THIS IS FOR FUNDS AND REVENUES FOR GOV AND THE MARKET -- HMMM

Millionday    This came during the opening of the exhibition tour companies of the Forum of Baghdad travel and tourism in the Crystal Grande Hotel Ishtar Aash central Baghdad. Said Hurcab in an interview with the (long-Presse),

"The Government of supporters for each sectors including the private sector and we believe that our partner, no matter what happens," stressing that "The ministry supports all elements of tourism in Iraq of all kinds, whether tourism archaeological or recreational or therapeutic."

Millionday NOTE -- THEY HAD A FORUM TO MARKET THE TOURISM AND TRAVEL IN BAGHDAD

Millionday sys(1:30 PM):   Hurcab He added that "The ministry hopes that this event will be a good start to the tourism sector and the message to all countries of the world that Baghdad is safe and stable,

 and we can do a lot of activities and exhibitions where" noting that "the proof of the stability of the capital, the establishment of such a forums and attend parliamentary figures and directors of representatives of the people." .

Millionday NOTE -- WHOOPOW -- THIS IS ALSO TO SHOW THAT IRAQ IS SECURE AND SAFE -- HUGE POINT -- WHOOPOW

Millionday The Minister of Tourism that "tourism can feed the budget good revenues in the coming period."

For his part, MP Taha defense said in an interview with the (long-Presse), he said that "this event represents the initiation in support of the tourism sector and effects in Iraq point as has tourism The effects and has archaeological and cultural sites important in the country to make it in the ranks of developed countries. "

He added that "the government's success in supporting this sector will mean attracting a large number of companies and tourists.

Millionday    NOTE -- THIS IS GREAT THAT THEY ARE ANNOUNCING THAT THEY ARE READY FOR THIS PART OF THE MARKET TO OPEN

Millionday    "If we succeed in supporting the sector will succeed by attracting a large number of companies and tourists and this event will be a positive aspect on the private Iraq that Iraq was the Islamic capital of the caliphate more than 500 years,

"pointing out that" Iraq depends on the budget rents from oil imports amounting to 90%, has recently witnessed a sharp decline in Aiardth, so tourism and investment activation in other important pieces so to supplement the budget and maximized "

Millionday    NOTE -- THIS IS ABOUT THE OPEN BUDGET BECAUSE THIS WOULD BE BUDGET REVENUE SUPPORT -- SO THIS IS A HUGE PART OF IRAQ`S REVENUES AND ALSO AGRICULTURE AS WELL –

 ONE SECTOR WILL NOT BE OPENING WITHOUT THE OTHER -- SO GOOD NEWS TO SEE THIS IS THE COMING STAGE

Millionday    In turn, the supervisor of the forum Hussein al-Maliki, in an interview with the (long-Presse) that "the organizer of the forum proceeded to call many of the companies and the results were clear and successful.

" Maliki said that "the number of participating in the forum companies exceeded thirty at the crossroads Baghdad travel and tourism, "noting that" such a forums that will restore Iraq's status to the ranks of developed countries in the field of travel and tourism. "

Millionday    The Ministry of Tourism and the Iraqi Antiquities, announced (April 23, 2015) the completion of the first quarter of the ministry's plan for 2015, and with indicated that they will open Wasit Museums, Muthanna and locations of cities and school Mustansiriya

and receive drill missions within the current year's agenda, confirmed the trend and its minister next month to UNESCO to put the damage suffered by the Iraqi antiquities from before (Daash).

Millionday    NOTE -- THE FORUM HELPS RESTORE IRAQ TO DEVELOPED COUNTRY STATUS

Millionday    The Ministry of Tourism and Antiquities announced, in (2015/02 / 28), the opening of the Iraqi National Museum after 12 years on the close.

The tourism sector is suffering from neglect and lack of facilities as well as suffered from robberies, looting and vandalism.

Millionday SO THIS IS GREAT !!!

RML   Anything new from the WTO?

Millionday JUST WHAT WE SAW THE OTHER NIGHT WITH STEPS BEING TAKEN PER WTO ACCESSION NEEDS --- SO THEY ARE STILL WORKING WITH COMPLIANCE WITH THE WTO AS DIRECTION

Millionday LET ME JUST SAY THIS

Millionday   EVERYTHING I READ IS SHOWING FORWARD PROGRESS -- IT IS NOT THAT I AM NOT BRINGING BAD NEWS -- THERE IS NONE THAT I SEE WITH ALL THEY ARE DOING ---

SO MUCH GOING ON WE COULD SIT HERE ALL DAY  SO I AM PICKING AND CHOOSING -- SMILE

Millionday  LOOKING FOR THAT REPRT AND I HAVE TOO MANY WINDOWS OPEN AGAIN IF YOU ALL HAVENT GUESSED -- SMILE

Millionday  THIS IS A MEETING WITH WORLD BANK AND ABADI 

Millionday   A statement by the media for his office received Agency / Source News / The Abadi Thursday Vice World Bank President Hafez Ghanem and his accompanying delegation met and discussed with him the economic and financial situation through which Iraq and support the reconstruction of the liberated areas and rest areas in the provinces and cooperation in many fields and future programs of the World Bank in Iraq.

Millionday    NOTE -- ABADI WANTS THE WORLD BANK TO WORK WITH THE PROVINCES AS WELL – 

SO THIS WOULD TELL US IMO THAT THE POWER HAS BEEN TRANSFERED TO PROVINCES OR THE MEETING WITH PROVINCES WOULD BE A WASTE OF TIME 

Millionday    He stressed that "Iraq is going through many challenges including those related to the economic and financial situation," noting, "We want to take advantage of the financial crisis to build a healthy economy depends on the long-term vision and strategy to stay away as much as possible for prosthetic solutions and treatments."

 Abadi called the World Bank, to "work with the provinces, especially the province of Basra for development and reconstruction in those provinces."

Millionday    In turn, the World Bank Vice President expressed his "willingness and desire Bank in cooperation with Iraq in the fields of training Iraqi energies in many of the terms of reference and support the private sector and the reconstruction of the liberated areas of Daash organize and support a number of other sectors"

Millionday    SO AS WE SEE -- THE WORLD BANK HAS CONFIDENCE TO DO BUSINESS WITH THE PROVINCES TO DEVELOP SO THIS IS SHOWING HUGE PROGRESS -- 

RML    Remember way back when everyone was saying that the conditions in Iraq had nothing to do with a currency revaluations...Hmmm?!

Millionday    THE THING IS THAT THE SECURITY HAS TO BE AN ISSUE -- IT ONLY MAKES SENSE -- INVESTORS COULDNT DRAG PEOPLE THERE NOT TOO LONG AGO 

azguy  do we know what Iraqs credit rating is with the first 2 companys are?

Millionday    NO IT HAS NOT BEEN RELEASED OR AT LEAST I HAVE NOT SEEN IT --- 

BUT HAVE TO SAY WITH THE SWF AND THE CREDIT RATINGS AND THE ANNOUNCEMENT THAT THIS IS THE BEST TIME FOR IRAQS ECONOMIC DEVELOPMENT TO BE FORMED -- IRAQ IS IN A MUCH BETTER POSITION IMO 

Mary  ....Do we know in black and white if Shabs is back being the head of CBI or in somekind of position like that.? And is the budget open now ?...... Thank You MD 

Millionday   NO -- WE HAVE HAD NO INK ABOUT SHABIBI BEING BACK BUT DO HAVE THAT HE IS NOT BEING PRESSED WITH THE CHARGES --- 

ALSO THE BUDGET HAS NOT BEEN OPENED YET BUT THEY HAVE REPORTED THEY ARE WORKING ON IT -- SMILE YW ALL THE TIME 

crank7    My question has to do with the "investment law"... read twice and interested to see if you have seen any updates? Thank you, MD!!

Millionday  I HAVE JUST SEEN THAT THE AMMENDMENT HAS MADE IT THROUGH THE SECOND READING AND THAT IT IS THE AMMENDED 2006 LAW—

THEY ALSO HAVE STATED THAT IT IS BEING CONCIDERED TO BE VOTED IN ONE BASKET VOTE – 

HOWEVER DONT FORGET THAT THE PORT OF FAW BID ANNOUNCEMENT STATED THEY WERE GOING BY THE NEWLY AMMENDED INVESTMENT LAW – 

SO DEFINATLY CONFUSING AND THEY SEEM TO BE CONFUSING ON PURPOSE IMO

quicktolegit96    ANY HARD DATES ON WHEN THIS BASKET WILL BE VOTED ON IN MAY?

Millionday    NO JUST THAT THE HOLIDAYS IN MAY HAVE BEEN CANCELLED AND I LOOKED AND THE ONLY ONE IS TODAY -- MAY 1ST 

Millionday  I CANT FIND THE REPORT I HAD EARLIER SO I WILL HAVE IT WITH ALL UPDATES TONIGHT FOR OUR HUGE NEWSTIME --WHOOOPOW 

Millionday   SO NICE TO SEE FORUMS FOR TOURISM AND TRAVEL ---- WOW HUGE HUGE PROGRESS GOING ON WITH IRAQ -- LOVE IT 

Millionday   HAVE A BLESSED DAY -- LOVE TO YA

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Millionday Friday Roundtable Part 1

Millionday Friday Rountable May 1, 2015  Part 1

WELCOME TO MILLONDAY ROUNDTABLE 

Millionday    Center Brief for the Iraqi Media Network (IMN) _ German Chancellor Angela Merkel and issued an invitation to Prime Minister Haider al-Abadi to attend the meeting of the seven major countries to be held in Germany, 

noting that the call represents support the seven countries of Iraq in the face of terrorism and the preservation of its sovereignty and territorial integrity.

Millionday   NOTE -- THIS IS HUGE AND VERY ENCOURAGING MEETING -- OBVIOUSLY WITH THE 7 COUNTRIES IS HAVING THE MEETING TO SHOW IRAQI SUPPORT -- THIS IS GREAT 

Millionday    A statement from the Prime Minister's Office that it came during a telephone call received by Abadi Friday also was the discussion of the political and security situation in Iraq and the region and the challenges they faced and the war on organizing Daash terrorist. 
~~~

The statement said the German Chancellor and issued an invitation to Prime Minister Haider al-Abadi to attend the meeting of the seven major countries which will be held in Germany,

noting that the call represents support the seven countries of Iraq in the face of terrorism and the preservation of its sovereignty and territorial integrity.

Millionday    NOTE -- THIS IS A MEETING ACCORDING TO THIS REPORT TO SUPPORT IRAQ -- THE CALL DISCUSSED THE SITUATION OF SECURITY AND RESOLVE IN THE THIER FIGHT AGAINST TERRORISM

Jarhead   does abadi have to prove something to them?

Millionday    NOTE -- OBVIOUSLY THE INVITE TO THE 7 LARGEST COUNTRY MEETING SHOWS CONFIDENCE AND INCLUSION FOR IRAQ

Millionday    NO THEY DO NOT HAVE TO PROVE ANYTHING TO THEM BUT AN UPDATE WOULD BE EXPECTED AND ALSO THE EXPECTATIONS WOULD NEED TO BE CLEAR FOR IRAQ AS WELL FOR THE 7 COUNTRIES

Millionday   THIS IS GREAT TIMING AND IS WORDED TO BE AN UPDATE AFTER MORE WORK OR POSSIBLY IMO AFTER A PLAN IS CARRIED OUT

Millionday   NOTE -- REMEMBER THAT IRAQ`S HOLY DAY OF REST IS ON FRIDAY

Millionday    Counting MP for the coalition of state law Haider Mawla, on Friday, that the purpose of a project on the US Congress to deal with the Kurds and Sunnis in part "the dismantling of the Iraqi social fabric and the division of the country."

Millionday    He said the Lord in a press statement, "The House of Representatives form in its last parliamentary committee membership representatives of all the political blocs to prepare a parliamentary resolution of the US Congress project,"

pointing out that "the House of Representatives will have an official position of the project at a meeting next Saturday."

Millionday    NOTE -- THIS IS A PRESS STATEMENT GIVEN TO THE CITIZENS OF IRAQ THAT THEY WILL ATTEND NEXT SATURDAY ACCORDING TO THIS TRANSLATION SO WE WILL LOOK FOR FURTHER INFO ON THIS OBVIOUSLY

Millionday    He said the Lord, that "the purpose of the project is the dismantling of the Iraqi social fabric and the division of the country after the failure of all of Western plots against the sons of Mesopotamia."

The cost of the Iraqi Council of Representatives, on Thursday, four parliamentary committees includes the preparation of the decision to respond to the decision of the Armed Services Committee in the US Congress.

Millionday    NOTE -- THE MEETING WILL INCLUDE THE RESOLVE FOR THE AGREEMENT ABOUT THE ARMED SERVICES COMMITTEE

Millionday    >>>>>>The Iraqi government announced on Wednesday (April 29, 2015), its rejection of the proposed bill in Congress on how to deal with the Kurds and Sunnis in Iraq as a "two states", as considered that it would lead to further divisions in the region, called for not to proceed with it.

Millionday    SO AS WE SEE -- THE PROVISIONS MADE WERE THAT IT WOULD NOT BE DONE (THE SEPERATION OF KURDS AND SUNNIS)

Millionday    I WANT TO LOOK AT THIS AGAIN BECAUSE SOMEONE SAID WE MISSED SOME IT AND A VERY IMPORTANT PART -- SO HERE GOES

Millionday    Vice-President of the Iraqi Council of Representatives Iaram Sheikh Mohammed announced that the Kurdistan Region is moving towards the implementation of the oil agreement between Baghdad and Erbil and fully,

and in return demanded the federal government to send the region's share of the federal budget with financial allocations for the Peshmerga forces, and came modern sovereignty during a meeting in his office Consul British in Erbil (Lencas Mackay).

Millionday   NOTE -- ERBIL IS OBVIOUSLY NOT UPSET WITH THE PRESENT AGREEMENTS AND ARE READY TO IMPLEMENT

Millionday    At the beginning of the meeting he gave Sheikh Mohammed thanked the United Kingdom government and people to provide support for Iraq and Kurdistan In this particular phase of the ongoing war against Daash terrorist and expressed regret what happened from the problems between the province and the center, which has impacted negatively on the livelihood of the Kurdish people,

and added "the Kurdish people did not wait from Baghdad that the daily strength has become part of the conflict and political differences, and today prov paced serious steps to implement the oil agreement

and to Baghdad sends its financial benefits, and that the current economic crisis is an opportunity to review and re-evaluation and can be utilized officials in the region of this phase to avoid problems in the future it is necessary so to speed up the reform and economic and financial in Kurdistan. "

Millionday  NOTE -- TODAY THE KURDISTAN REGION BEGAN THE IMPLMENTATION OF THE AGREEMENT (YESTERDAY) AND BAGHDAD SENT ITS FINANCIAL BENEFITS

Swan2013    WOW!

Millionday   NOTE -- THEY HAVE MADE IT VERY CLEAR THAT IT IS NOW NECESSARY TO >>>>SPEED UP THE REFORM AND ECONOMIC AND FINANCIAL IN KURDISTAN -- WE CAN ASSUME DUE TO THE TRANSFER OF THE FINANCIAL BENEFITS

Millionday    WHOOOPOW -- WHOOOPOW

Millionday    For his part, the British consul continued to provide support and assistance to Iraq and the Kurdistan Region and efforts to reach rapprochement between the province and the center and resolve the outstanding issues and files. Information Office of the Vice President of the Council

fbpcm    What is the max WHOOOPOW you have ever done? Because I like the double

Millionday   WHOOOPOW

Millionday    THAT WAS IT -- SMILE

RML   What does your experienced indicate as to news lag time to the actual? Hours? Days..?

Millionday   THE NEWS IS NORMALLY THROUGH THE DAY -- TWO DAYS LATE AND AT NIGHT I CAN NORMALLY GET JUST ONE DAY BUT THIS IS AFTER PRINT –

IT SEEMS THAT A DAY IS LOST IN APPROVAL OF PRINT BY WHAT I HAVE SEEN OVER THE YEARS UNLESS IT IS VERY IMPORTANT FOR IT TO BE RELEASED RIGHT AWAY FOR THE NEED

Millionday   SO THE FINANCIAL POLICIES AND ECONOMIC REFORMS HAVE TO BE DONE IN A HURRY BECAUSE THE KURDS HAVE RECEIVED THEIR FUNDING FOR BENEFITS AND PAY –

 THIS IS HUGE AND WAS TO BE LOADED ON THE SMART CARDS -- SMILE

Millionday   Sky Press: futures contracts for Brent oil prices rose, Thursday, for the first time to its highest level during the current year, while OPEC prices also rose despite new data that indicated a further increase to US crude stocks this week.

The price of Brent futures June delivery settled 46 cents to $ 66.30 a barrel, after touching the day on Wednesday to $ 65.84 the highest price level since the tenth of December.

Millionday  While also OPEC crudes rose to the price of a barrel to $ 60.92, up 51 cents from the previous day and to achieve the biggest weekly gain of more than two dollars.

Analysts said it was likely that prices continue to climb in spite of an oversupply in the market. And world oil prices dropped to their lowest rates in two years to reach $ 45 per barrel end of 2014, after reaching these prices in mid-2014 to more than $ 115 per barrel.

Millionday  >>>>>>>Brent crude jumps above $ 66 a barrel<<<<<<<<<<<<<<

Swan2013 MAKES YOU GO HMMM WITH IT JUMPING THAT WAY

Millionday   KNOW THAT THE CALCULATION (INTERNATIONAL) IS INCLUSIVE OF THE GDP AND WITH IRA HAVING SO MUCH % OF THE GDP FIGURE RELIANT ON OIL –

THIS IS GREAT GREAT WITH THE SCRAMBLE THAT HAS GONE ON AFTER ITS NOSE DIVE

Millionday    I AGREE SWAN -- OR WHOOOPOW

Red Skyy   if Kurds got paid on smart cards. should that be valid internationally?

Millionday   THE FUNDS WERE TRANFERED TO KURDISTAN AND IT IS NOT MAKING IT CLEAR IF IT IS TO CBK (CENTRAL BANK KURDISTAN) OR TO THE ISSUING BANKS ETC AT THIS POINT

 BUT THE FUNDS ARE RELIANT ON THE FINANCIAL POLICY OR REFORMS TO BE IMPLEMENTED ACCORDING TO THE REPORT -- IN FACT FOR THEM TO SPEED UP -- SMILE

puffdragon    IYO does the jump of crude have anything to do with iraq and the MR possibly!

Millionday    RED -- THE CARDS ARE REPORTED TO BE GLOBAL CARDS THOUGH AND WILL BE ABLE TO BE USED ANYWHERE 
.
Millionday    IMO --- THIS COULD BE A CLOSED DOOR STRATEGY TO GET EVERYTHING IN A ROW TO HAVE THE REFORMS ALL DONE AT ONCE -- BUT I HAVE NO INK ON THIS AT ALL –

 JUST SEEMS AS THOUGH THE PAST FEW WEKK`S MOVEMENT IN OIL AND POLICIES ETC COULD BE PLANNED OR AT LEAST IN PERFECT TIMING ACCORDING TO WHAT THEY NEED 

RML    Your thoughts:   Iraq was budgeted for $55??    US shale needs $66 to keep out of junk status.

Timing couldn't be better for Iraq as to assets-to-back-sovereign debt

Millionday    I AGREE -- IT IS VERY COINCIDENTAL THAT THE MARKET IS PROVING A MUCH BETTER PRICE FOR OIL FOR IRAQ AND THOSE IN THE REGION

Millionday    I AM SORRY I AM SEARCHING FOR A VERY IMPORTANT REPORT THAT CRASHED -- 

Millionday    National Reform Movement Haider Alfoada that the project submitted to the US Congress on the Sunnis and the Kurds regarded as "two countries" totally rejected. He called Alfoada in an interview with "direction Press" legislative institution to issue a frank and strong response, considering that this project represents a tearing and weaken the region, including Iraq.

Millionday    NOTE -- THIS IS ANOTHER REPORT BUT IS THE RESULT OF YESTERDAYS REPORT OF THIS BEING BROUGHT TO THE TABLE AND AS EXPECTED DID NOT GO OVER WELL AT ALL AT THIS POINT 

Millionday   He explained that most of the political blocs refuse to pass this project, calling on all political actors on the Iraqi arena to stand firm stand against this divisive project that aims to weaken Iraq.

He noted that the political forces which welcomed the decision to review itself and work real positions of national for the unity of Iraq's land and people, 

pointing out that history will record these positions, whether negative or positive, stressing the need for the interest of Iraq put up component interest, nationality and work on the consolidation of national unity in order to serve everyone.

Millionday    NOTE -- THE COUNTRY OF IRA NEEDS TO SHOW UNITY NOT DEVIDE AT THIS POINT 

Millionday    The Iraqi government announced its rejection of the proposed draft law in the US Congress on dealing with the Kurds and Sunnis in Iraq as a "two states", believing it will lead to further divisions in the region, before you confirm the United States through its embassy in Baghdad, 

said the draft submitted to Congress does not represent policy. The draft resolution raised the ire of the majority of the political blocs that the government called for a diplomatic move to deal with this topic and considered it a violation of Iraq's sovereignty and an effort to break up the unity of the country.

Millionday    SO IT IS NOT HARD TO UNDERSTAND -- IT CAN NOT BE A GOOD MOVE RIGHT NOW WITH ALL THE REFORMS BEING ACTIVATED -- 

puffdragon    Was this policy us or iraq? IM cofused.   So it is our congress telling the Iraqis how to handle that situation is that correct MD.

Millionday    THIS WAS PRESENTED TO THE US -- IT IS VERY CONFUSING 

THAT IS CORRECT -- AND I FIND IT STRANGE TOO     I AM STILL LOOKING FOR THAT MAJOR REPORT SO I AM BRINGING THE OTHER ONES FIRST -- SMILE 

Millionday    The Iraqi government announced its rejection of the proposed draft law in the US Congress on dealing with the Kurds and Sunnis in Iraq as a "two states", believing it will lead to further divisions in the region, before you confirm the United States through its embassy in Baghdad, 

said the draft submitted to Congress does not represent policy. The draft resolution raised the ire of the majority of the political blocs that the government called for a diplomatic move to deal with this topic and considered it a violation of Iraq's sovereignty and an effort to break up the unity of the country.

Millionday   Called Iraqi Parliament Speaker Salim al-Jubouri, the international community to act urgently and to support Iraq, especially in the relief and humanitarian side. 

This came during a meeting with a gathering of ambassadors accredited in Iraq, according to the release from the Information Office of the President of the House of Representatives a statement received "Today's News", a copy of it. 

The statement stressed that during the meeting "review developments in the political scene in addition to the security challenge and the conduct of operations waged by Iraq against the forces of terrorism and extremism," noting that "meeting" discussed ways to

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More News and Opinions From KTFA Members Early Friday Evening

Aggiedad77:  Good Afternoon Family.....I'm going to take a break in some personal things and weigh in here on a couple of things....as I see them....gotta remember this tho...and it is important....I'm a left-handed Texas Aggie....there's the handicap …Frank don't be afraid to jump in and cut off my legs if you feel you need to. 

The confusion I see this afternoon is around this "credit rating".....

IMHO....this has nothing to do with "loans"....those are happening with the IMF and the World Bank Group....both of which fully understand Iraq's standing at this time as they have been providing loans to Iraq for various reasons for a number of years.....

But back to this "credit rating" issue.....Iraq is seeking to tender some international bonds in USD denominations to the tune of $5 billion dollars.....they want this "credit rating" for these bonds.....

The higher the "credit rating" they can establish specifically for these bonds, the more solid the bonds appear to investors....I'm thinking anything at an "A" rating or higher is what their target is going to be
....

I'm also not a banker, but highly suspect the credit process they must undergo is not anything like what you or I would do say to get a loan for a home or probably even a small business type of loan....this is high dollar corporate/international type of wheeling and dealing we are talking about here.....at least far above my pay grade.

As someone suggested this afternoon forget everyday normal person thinking about this process...that goes out the window...and any such bets are out the window.

If I've muddied the waters any I apologize....just my take on what we've seen reading about and hearing about.

As for May.....I don't see Dr. S sticking his neck out just yet.....M may be in a coma or maybe not....but he hasn't been "contained" as yet....that still needs to happen.....we know Dr. S and his history he's going to be overly cautious about any move he makes....he's got some time and I am sure he is watching many monitors all at once, just like we might watch college football on many monitors on a Saturday in the Fall.....

PM Abadi is doing his best to gather his ducklings and keep them grouped....the Kurds, the Sunnis, his Shiite brothers....he's at a point where he needs and wants everyone happy....."Don't Worry Be Happy"....the BEST is yet to come.

We are blessed with a relatively new member in Thunderhawk that has been providing us with as much data as our other news crew provides....he's strong-arming his way onto the playing field.....and I'll be honest....I can't keep up with his onslaught of articles....great job....keep it up....if someone wants my take on a particular article after I've posted news summaries let me know and I'll try to make it happen....will also try to hit the more "juicy" articles myself too.  Aloha   Randy

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Backdoc: ONE OF THE MOST SIGNIFICANT PLAYERS IN THE MONETARY REFORM PROCESS OF VIETNAM IS THIS IN MY OPINION,VERY RAPID CONSOLIDATION OF BANKS IN THEIR COUNTRY. (See Article Below)

ITS OBVIOUS TO ME AFTER MONITORING THEIR PROGRESS THESE PAST FEW YEARS WE SEE A CONSOLIDATIVE EFFORT ON THEIR PART TO FEW STRONG BANKS COMPARED TO MULTITUDES OF WEAK FINANCIAL INSTITUTIONS.

ALSO WE ARE SEEING STATE OWNED CORPORATIONS THAT ARE BEING SOLD TO THE PUBLIC. WE CLEARLY SEE AS I'VE BEEN SAYING FOR SOME TIME NOW THAT VIETNAM IS FOLLOWING MANY OF THE SAME PATHWAYS THAT IRAQ HAS.

I HAVE PERSONAL FEEDBACK AS TO THE RESTRICTION FROM THE BANKS NOW ON SELLING DONG TO THE PUBLIC.

RESTRICTING THE SALE OF AN INTERNATIONALLY TRADED CURRENCY IS CERTAINLY UNUSUAL TO ME. SMILE!! OF COURSE BROKERS ARE STILL MAKING IT AVAILABLE.

MMMMM. JUST LIKE THE DINAR. DOC

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ThunderHawk :VIETNAM: Bank, Finance Firm Mergers To Pick Up Speed

The Asia Commercial Bank (ACB) will be the latest bank to join the wave of mergers among commercial banks and finance companies that is expected to become a major trend this year.

ACB had announced yesterday that it would submit for approval, a project to set up a finance company with a charter capital of VND500 billion (US$23.25 million), during its shareholders meeting on April 22.

Industry experts said that the wave of mergers of commercial banks and finance companies is expected to continously surge this year to meet legal regulations and boost consumer lending.

The experts said the move would become a major trend this year, explaining that according to a State Bank of Viet Nam (SBV)’s draft circular regulating the consumer credit activities of financial companies, which is expected to be approved soon, commercial banks would need to establish financial companies if they want to venture into consumer lending.

Besides, State-owned groups and firms would also become obliged to finalise capital divestment from non-core businesses, including financial companies, from this year.

Senior finance expert Can Van Luc told the Dau tu (Investment) newspaper that State-owned groups and firms were facing huge pressure to exit from financial companies and this was an opportune time for banks to fully merge with these companies and boost consumer lending.

Luc pointed out that consumer lending accounted for just 6 per cent of the total outstanding loans in Viet Nam. Meanwhile, this rate was 15 to 20 per cent in many other countries, and as high as 35 to 40 per cent in the US market.

Besides, the merger activities of banks and financial firms were forecast to be vibrant this year, as per a SBV circular, which said banks would only be allowed to possess a stake in a maximum of two credit institutions, and the ownership must not be greater than 5 per cent.

At present, many banks own several stakes in financial companies, and in many cases their stakes surpass the 5 per cent benchmark.

Techcombank, for example, already possesses a 10 per cent stake in Viet Nam Chemical Finance JSC (VCFC). The bank, therefore, had announced earlier this year that VCFC would transfer roughly 90 per cent of their stake to Techcombank in the first quarter this year, bumping up Techcombank’s total stake in VCFC to 99.87 per cent.

Other mergers between financial companies and banks are also expected to become a reality this year, including between the Sai Gon-Ha Noi Bank (SHB) and Vinaconex-Viettel Finance JSC (VVF), and between the Maritime Bank and Textile Finance JSC (TFC), both of which have received in-principle approval from SBV.

Earlier this month, the HCM City Housing Development Joint Stock Bank (HDBank) and the Japanese Credit Saison Company Ltd also formed the HD Saison Finance, in which the two will contribute to develop the retail finance industry in the country.

Banking expert Huynh Trung Minh said the growing number of finance companies would help reduce interest rates on consumer loans and improve the service quality of lending.

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Bernice  Z….I see that draws are nessecary (like building a house) but I guess what I am having a hard time with is if CBI and A have a green light and have been taking what it needs to get it done...why then do we still need Dr S to take a 30 days or how ever long.... when he was supposedly working on this years ago.....

I remember very well the video that I saw on the net that showed Dr S sitting at Jackson Hole Lake Lodge and telling the person that was interviewing him...."stating Iraq was ready and it would be able to compete like others" with his smile...

That Iraq had what it needed"....I see people like Delta stating apprx 2 weeks and then others say that May needs to be over so we go into Ramadam....sorry for the confusion

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TEMTEM:   Bernice- I agree!

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Zochowski:   AFTERNOON "BERNICE N TEMTEM"

LET ME START BY SAYING, DO NOT LOOK AT THIS FROM A WESTERN WORLD VIEWPOINT.......

ALTHOU WE ARE TIED BY LAND N WATER BY THIS WORLD OF OURS,
THEY HAVE THIER MINDSET N FOLLOW ISLAMIC JUST AS WE HAVE OUR MINDSET N FOLLOW GREGORIAN..............

THAT SAID, THIS NEEDS TO BE TAKEN INTO CONSIDERATION, IMO........

ITS LIKE TIME.........IF YOU TRAVELED TO HAWAII, WHICH I THINK ARE 12 OR 16 DIFFERENCE FROM CENTRAL TIME ZONE HERE........DO YOU CONTINUE TO WORK N PLAY OFF CENTRAL TIME THERE OR SO YOU ADJUST TO THIER TIME????????????

IF YOU WENT TO INDIA OR AFRICA , WOULD YOU USE THIER CURRENCY OR OURS???? OR WOULD YOU USE AMERICAN EXPRESS N LET THEM WORK OUT THE EXCHANGE RATE, LOL LOL

TO CONTINUE, WHOS TO SAY THAT DR.S HAS NOT BEEN WORKING HIS FINGERS TO THE BONE SINCE FEBRUARY??????????

WHILE ABADI HAS BEEN DOING WHAT HE NEEDS TO DO.........THRU THE SAME TIME FRAME?????????

DONT FORGET:

THE TROOPS WERE PULLED OUT WHEN N BY WHO????

WHO FILLED THAT VOID N CAME BACK IN TO IRAQ??????

WHO DECIDED TO POINT THE FINGER AT DR.S??????

THIS IS LIKE THE CHILD WHO HAS BEEN TAUGHT ONE WAY N FOUR YRS LATER IS BEING TAUGHT A DIFFERENT WAY, BY A DIFFERENT PERSON.....

TAKES A WHILE...........N MIGHT NOT TAKE AS LONG AS YA ALL THINK....G/B M/Z

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Currency Chatter Members News Discussion

{EXCHANGE RATE] Abadi adviser for the world: interest loan «IMF» not exceeding 1% and payment .. 5 years

G-Lin     Baghdad Samir Mohammed   says Dr. appearance of Mohammed Saleh, an economic advisor to Prime Minister Haider al-Abadi said the benefit of the IMF loan, which will be launched in two phases be the first "funding rapidly" with 88 million dinars, and unconditionally "not exceeding 1 percent," 

While between be repaid will be over 5 years, pointed to spend it on facets of life different pertaining to "Education, education, health and file displaced."

Observers indicated that the Fund will monitor the disbursement of the loan, "including in the interest of the country," according to the obligations and conditions set by the Fund, but economists drew that lending to Iraq indicates Fund trust the Iraqi economy.
~~~

The parliamentary Finance Committee revealed the approval of the International Monetary Fund to lend Iraq $ 5 billion.

The government is working on several measures to meet the shortfall in the budget law for the current year, amounting to up to $ 25 billion, among those measures the trend towards external borrowing, in addition to internal borrowing from the Central Bank and the Rafidain and Rasheed.

Saleh said in a statement to "the world", that "the subject of borrowing approved in the General Budget 2015 law to meet the Agr winning them," explaining that this loan will be launched in two phases; the first , in an emergency, and the second includes completed this year,

 noting that "the duration will be repaid over 5 years, interest rate does not exceed 1 percent."

"The first phase of the loan, which are up to 88 million dinars, called means accelerating the funding, and those free of conditions, the Fund established by the borrowing countries", pointing out that they might be used to counter fluctuations in the balance of the Iraqi payments following the decline in oil prices.

He said, The second phase will be in accordance with the Convention on the standby credit, which was signed by Iraq with the Fund earlier; they require of Iraq's implementation of some of the important procedures established by the Fund.

and between that "the government will spend the loan within the priorities in health, education and displaced sectors."

It is said that Iraq has signed with International Monetary Fund in 2010 to prepare the credit agreement, which included the latter to provide a loan of Mali to support economic development activities and private investment budget in Iraq, while requiring Iraq to take some measures related to administrative reform.

For his part, said spokesman Abdul-Hadi, an analyst of economic affairs, in a comment "the world", that to get a loan from the International Monetary Fund "calls from Iraq commitment of some reformist conditions set by the Fund", pointing out that they "are often developmental conditions in the interest of the Iraqi economy."

He added that the Fund also intervenes in exchange trends the loan in accordance with the obligations that are placed between Iraq and the Fund, saying the latter that "puts a priority how to return the loan and financial capacity of the borrower; the granting Iraq a loan of this size indicates Fund trust of the Iraqi economy."

He pointed out that "The Fund seeks through these loans support the development process of the member states; it must be that the Iraqi government adopts a solution the problems experienced by the long-term the most important out of such rentier oil-based economy through the revitalization of other sectors, in addition to the establishment of a sovereign fund to address the crisis and the adoption of restructuring the Iraqi economy. "

required Fund IMF in the event of lending to member states to adopt financial management reform; the most important to be there is a constant and unified exchange rate, in addition to strengthening banking supervision activities with the audit of the Central Bank accounts of the external auditor twice a year.

The MP for the Parliamentary Finance Committee Haider Masood said Tuesday approval The International Monetary Fund on Iraq's request Baqradh amount worth five billion dollars as part of the response to the financial crisis experienced by the country.

Haider said that Iraq has the right to apply to the International Fund request in accordance with the Law of the budget financial loan, pointing out that the government presented its request and received Fund and procedures approval left to the Ministry of Finance and the IMF on the extradition of the amount.

It is said that Iraq in IMF member since 1945, and therefore of the objectives of the Fund is to international financial stability, the Fund shall exercise his duties and his work in the event of the member states have been shaken as a result of the fall in world oil prices.

In turn, confirmed Member of the Committee of Economy and Investment parliamentary Najiba Najib, yesterday, that the loan obtained by Iraq from the International Monetary Fund is not enough to fill the state budget deficit, which is estimated at 25% trillion Iraqi, pointing out that "just plug the current obligations in the State of salaries and other enough, as well as War requirements against terrorist Daash.

She added that oil production well and exported, but prices are not at the required level, meet the needs of the budget deficit, an expected increase in oil prices at the end of the current year.

The Ministry of Finance went to ask for borrowing from the International Monetary Fund to cope with the cash crisis caused by the war on terror Daash and lower oil prices to cover employees' salaries.

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Dinarblowyourhorn        Usually when we hear stuff about the rate adjusting we hope it's not just the gap between street rate and CBI rate. This time we are glad it means this. I think it's another way of saying stability in the rate is a prerequisite. Who knows?

G-Lin   Thanks DBYH. I'm curious about a "constant and unified exchange rate." And this is a very low interest rate loan. I don't know if all CBI loans have low interest rates or if this may reflect a nice credit rating. I really like IMF stating they have trust in the Iraqi economy. All opinions welcome as always from our smart members.  ;)

HandOverFist   "the IMF loan, which will be launched in two phases be the first "funding rapidly" with 88 million dinars, and unconditionally"

"required Fund IMF in the event of lending to member states to adopt financial management reform; the most important to be there is a constant and unified exchange rate"

Well, whatever happens with the exchange rate will be "rapid".  So do they want  to keep the ridiculous exchange rate of 1166?  We will see.

rissas dad    Most important aspect of this article to me is the fact that the loan wouldnt have been made with faith in the Iraqi economy progressing and the needed laws to do so without believing that those things will be done soon.  Along with what the cbi has been saying and doing and Parliament voting to work and not go on vacation (which is still hard to believe), I am encouraged as to May being a busy and productive month for Iraq.  We shall see.  I am looking for some important laws saturday or sunday.

"the granting Iraq a loan of this size indicates Fund trust of the Iraqi economy."

"but economists drew that lending to Iraq indicates Fund trust the Iraqi economy."

"they require of Iraq's implementation of some of the important procedures established by the Fund."

"that to get a loan from the International Monetary Fund "calls from Iraq commitment of some reformist conditions set by the Fund", pointing out that they "are often developmental conditions in the interest of the Iraqi economy."

"while requiring Iraq to take some measures related to administrative reform."

Mike   Great thread, thanks for the article, G-lin.  For me, the IMF regularly makes loans to countries with the low interest rates, it's their way of stepping in to help.  In this case, they're loaning Iraq the money for the displaced and they're going to monitor where it goes:

 "the government will spend the loan within the priorities in health, education and displaced sectors."

Observers indicated that the Fund will monitor the disbursement of the loan, "including in the interest of the country,"

The best part for me is that this money comes with stipulations, there were several who commented on this earlier and it appears they were right.  

The IMF has advised Iraq for years to move off the peg and open up their economy and have given these recommendation's in numerous Article IV consultations, apparently Iraq has agreed and we can now move forward, at what speed is anybody's guess.

 they require of Iraq's implementation of some of the important procedures established by the Fund.

I think you're right DBYH, controlling the multiple currency practice (2% spread between official and street rates) is still important to the IMF and Iraq has to get this under control.  

Now that the auctions are capped, the easiest way to do this is by moving off the peg and adding some kind of value to the dinar.

 Fund IMF in the event of lending to member states to adopt financial management reform; the most important to be there is a constant and unified exchange rate, in addition to strengthening banking supervision activities with the audit of the Central Bank accounts of the external auditor twice a year.

So, now we wait and watch what Iraq does next, here's hoping they make a change......................in the coming days.   :)

G-Lin   Good points HOF and rd. I also like this "  and therefore of the objectives of the Fund is to international financial stability,

Could that be accomplished at 1166? Constant and unified sounds fixed to me. Just throwing out some thoughts here. 

hi-five     88 million dinar - 88,000 dollars.  Iraq can't do much with that.   IF this article is accurate in citing the 88,000,000 dinar amount, and the first installment is to be 88,000,000 dinar, they should RV the dinar before they disburse this first phase.  

It seems the IMF has sufficiently put Iraq under it's control with the conditions of this loan.  

G-Lin   Hey Mike. We must have been typing at the same time.  :). I always appreciate your insight. Of course we have varying opinions on the 2% spread and MCP, but time will tell. 

I respect your research and we may just have to agree to disagree about those issues. It sure doesn't take anything away from my admiration and respect.  ;)

HandOverFist   hi-five,    "the first installment is to be 88,000,000 dinar, they should RV the dinar before they disburse this first phase."    Oh my goodness, you're right Hi-Five!  Dare we hope?

Mike      lol, no worries, G-lin.   :)   I'm the first to admit this is all speculation on my part, but it must have some kind of importance if the IMF themselves keep bringing it up.  

HandOverFist    hi-five,    In thinking about this, maybe it's a misprint.  Maybe the immediate funding is 88 billion dinar, instead of 88 million.  That would make more sense.

hi-five    HOF - - agreed, it would make more sense.  Unless they intend to RV before they release the first phase.  They have misprinted numbers before.  There will probably be more articles on this which should shed more light on the numbers.  

HandOverFist     Really hoping your thoughts are correct, HiFive, and it's not a misprint

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Tidbits From TNT Members Friday Afternoon

TNT:

Blackjack7:  Ok guys something big just happened

My wm just made a special trip to my home to discuss what is happening…during the call

The rates are live and the reason he wanted to come see me is the walls have ears at the bank

Rates parallel what Tony and DC said on the call

G8way2k:  Fantastic....rates are live....next step?

Blackjack7:  He would not have made a special trip unless this is about to happen...to say I am excited is an understatement……I was literally shaking when I saw him LOL
....

Blackjack7:  He is heading back to the bank if the green light is there I am hittin the trail like a cowpatty

Offgrid:  I’m thinking like Iko ----------- announcement today after markets close and we at banks tomorrow

Rrrr: the stock market closes at 4PM EDT... let's see what happens then

Blackjack7:  do not call the banks… wait for them to call you just like Tony said… more people know

DAZ: ALL RATES ON ALL CURRENCIES ARE SUBJECT TO CHANGE AT ANY AND ALL TIMES  THE RATE WILL BE THE RATE WHEN YOU SIT DOWN AT YOUR APPOINTMENT

FutureMoney: This is crazy...all my contacts in Iraq on twitter are going on and on how PROUD they are of Iraq!!!! They NEVER have done that before!!!

Iffy:   keep in mind what tony said throughout this journey: first mouse gets the trap, second mouse gets the cheese, and third mouse gets the chees factory.

[Daz] DONT CALL THE BANKS....SHOWING AND LIVE ARE TWO DIFFERENT THINGS

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Highlights From DC on Friday TNT CC via Adept1:

DC:  Hope everyone’s having a good day;  I sure am!  If you’re not happy, you should be. Live is very good, and otherwise it’s more of the same. For those who want details, preparations continue in Iraq with more lower denominations and fils being distributed and more training. 

A few more exchanges have gone on in-country to get ready for the new denominations and values.  In the  mosques today, they said “Please keep calm;  this is  coming and we want it to go through quickly. 

We are waiting for our abundance and the world is awaiting the financial strength of our country.”  I got something similar from another friend as well.  The summary is that they told them to get ready, keep calm, and be ready for this to go through at any time.

The world is awaiting this as well, with the proper stamina and improvement of the world economy.

Newspapers and television in Iraq are running that economic reform is closing ‘soonest’ with economic abundance coming soon.  There are loyalty checks or revenue sharing, the citizens’ share of the oil (HCL). 

The Middle East is similar to Alaska in that part of the revenue from the state oil revenue comes to you.  In Alaska they get a proportion of the revenue, and they are saying that in Iraq those will start in June or July, depending on the price of oil.

That takes time and oil flow in the country. That’s about the oil revenue, not the RV.  Parliament had good meetings to tighten up a few things that are not required but nice to have. They are not waiting on those at all, but they are just getting them done. 

Abadi has cancelled leave/vacation for Parliament so that they can get a lot of these done before Ramadan.  These laws are not for the RV, more about ISIL and other things that need to get finished after 4-5 years. 

The banks are prepped, the Interior and Finance Ministries, CBI, etc., have all been briefed and they are all happy with what’s going on.

DC:  IN the USA, they are still waiting on the agreed timelines. Everyone is on call, in place, locked down, very ready  for this thing to go. 

 A lot of bankers have been making early appointments.  A few calls are still “I’ll believe it when I see it”, and will call in people once it’s announced. Everyone else is expecting it to go through very quickly.

Caller:  What about these laws that keep popping up?

DC: Which laws are you referring to?

Caller:  I don’t look at them all because it seems like every day they are passing laws, but do they all have to be passed before the RV?  A lot of gurus seem to say that.

DC: The laws are on the agenda to be hammered out, and they are important.  They have needed to work them out for a long time, but they are not necessary to the RV.  However, Abadi is saying “Nobody is going anywhere until these laws are done.” That is keeping them motivated, and is great leadership, but they don’t need to be done prior to the RV.

Caller:  Have you seen the new currency and/or fils?  Can you post pictures?

DC:  Yes, we have seen them for years.  You can see them online.

Caller: Someone made a comment that prior to Kuwait revaluing, there was an IMF loan made to Kuwait.  What information do you have about that?  Is that connected?

DC:  Is history repeating itself?  Yes, it sets a precedent, but… they discussed that. The loan will definitely be used, but it’s not in the general coffers, it’s for a specific purpose. It doesn’t speed up M2 (the speed money turns over). 

 The economic reforms… the RV is really the start of the process, not the conclusion.  When the citizens start paying taxes, employing people, buying things, that starts the economy again.

The loan is for specific purposes, not to blow money on whatever we want to. A lot of us will have money and just go out and buy a car if we want to. That’s a different situation.  They have to follow the Budget and the rules.

Caller:  This loan is from the SDR;  any changes to those calculations?

DC:  The SDR is Special Drawing Rights based on a basket of currencies.  The SDR of a dollar is different from other currencies. It fluctuates depending on what’s going on and the value depends on the particular moment you are asking.  The value changes as the world currencies change.

Caller:  Surely that would have to be updated if there is a change in dinar value. That would be a key indicator.

DC:  You won’t see that until after the RV.

Caller:  Do you know what yesterday’s celebrations were about in Baghdad?

DC:  I don’t know which you were referring to. There were some celebrations but not about the RV.

860 caller:  Do you have the rates showing on the board right now?  And can we exchange here on Long Island?  [Appreciation]  See you in Vegas!

DC:  The current rates are: 

Dinar = $4.67

Dong = $2.27

Zim = .17 minus six zeroes

Rupiah = $1.08

There are a tremendous number of exchange centers on Long Island.

410 caller:  I picked up something that might not be true – at some point, Wells Fargo who continue to deny that they handle dinar, they have put out a memo that they would have the information, that they have changed their process and will now handle dinar.  Is that true? 

DC:  Memos did go out to certain people, not everyone, mainly the select WMs who were part of the new process.  The WMs then said, “Are you crazy?  So all these whacko people were right after all, that we are doing this??”

636 caller:  Austin, Austin, Austin – the BBQ is better down there than in Dallas!  When you were on the call months back, you said that there would be a subsequent basket, down the road, and we could make more on those currencies.  When?

DC:  We will not be able to say anything, and besides Tony and I are both tired.  It won’t be public, and it’s highly speculative.  They are not fond of six million people doing this, so I guess that it will be highly restrictive, and not for a long time. 

It will be 20-30 years, once history slows down and everyone has forgotten this.  Also it will be controlled in a different way.  I wouldn’t spend a lot of time worrying about it.

Caller:  What are your thoughts about donating to charitable foundations after the RV, and taking the tax deduction at the new valuation?  Or is that just out in left field?

DC:  That is what I’m doing!  I’m in left field with you!

202 caller:  The currency rates you just gave out, is that international/market/street rate?

DC:  Everything but the dong was the international rate;  the dong was the contract rate, I believe.  The street rate for the dong was .47 last I saw.

775 caller:  I have a question about the rate for the dong, which is all I have invested.  DC, in the past there was mention of $2.27, and even up to $4 for the dong. 

DC:  There is a probability of it being higher, but the ordinary rates are pretty darn good.  You can always ask for higher;  all they can say is No, and they might say Yes. 

303 caller:  Are there any traps we need to watch out for at the banks?

DC:  The biggest deal we know of is to use the word EXCHANGE;  that is super-important.  Otherwise, just look respectful. Some banks only offer contract rates to the people they want to do business with. A lot of the people in the exchange process do NOT have dinar and may be annoyed about that, so be respectful.

Tony:  DC, our window is still open, but what percent do you  believe in that window?

DC:  If feel in the 90 percentile, because our sources are humbling.  These are the people doing it, and that is what they say, so it’s pretty to see what they said together with the actions by bankers and world leaders. So it’s not just what they have told us but the actions following it, that’s why I’m so excited.

503 caller:  I’m the one who was ready to turn in rupiah two weeks ago.  I haven’t!  I live in the capital city of our state where there is a huge WF branch and a loan center. Will the exchange be at one or both, do you think?

DC:  Most the exchange centers are not at public branches because of security issues.

Caller:  I’ve been going into the downtown branch to build rapport, and then I realized it might not help any.  I heard the rates;  do you think rupiah will also go up in 2-3 weeks? And what about the dong?

DC:  I don’t know much about the rupiah;  it seems pretty stable.  I’m happy with the dong rate;  you’re making a tremendous sum at that rate, so don’t do anything stupid.  I don’t see the dong going up much more. 

I’ve been meaning to say for a while that Pam and I were talking a little while ago, some choices she was making about possible reserves, and I passed on a piece of advice someone gave me when I was starting out in business.  She was thinking about if she should invest more money now and then have an issue later when needing money later. You have to make your decisions now.  Remember Willy Nelson sold the rights to his most famous song for $50, and it went on to make millions.  He needed $50 more then than 100 million in the future.  You have to make your decisions now.

He also said, that when his lawyer told him he owed the government 23 million dollars, “Ain’t that like the government – they let a guitar picker get into them for 23 million!”

562 caller:  [Appreciation]  It doesn’t seem important what codes we use, right, like IQD vs IQN?  It’s just important that we say ‘exchange’?

DC: It should be fine if you say dinar or dong, so long as it’s an exchange.

541:  It’s beautiful here in southern Oregon.  You talked about the graduated payouts for larger dinar holders.  What if you have a large amount of reserves with a dealer?  How will that work?

DC:  The reserves at some of the dealers – and you can do the research to figure out which they are – have the actual notes in their vaults and can physically give you the dinar if you choose. They can also turn it in to the UST and have liquidity there. Some also have options or insurance on their dinar.  Those doing insurance will have problems, because how will you go after some dealer in Dubai? We have raised this issue in the past so you know who you do business with.

All the banks will have liquidity problems, with the dealers AND in the banks.  The simple fact is that you have an enormous amount of assets, and it may take a while to get the cash to exchange for your dinar, no matter where it is.  It takes a while to turn over that amount of cash that quickly.

Caller:  The biggest company does layaways and that is a big question.

DC: There are four dealers who have the actual currency in their vaults and can give it to you. The others don’t have the cash, and you will have to wait for them to send it to you.  There are exchange locations in southern Oregon, such as Medford.  I remember an exchange location in Redding, too.

DC:  Hope everyone has a great evening and weekend. Things still look phenomenally good, and if it continues on this path, we’ll be done.  We are happy to do the 15-minute call, and any other way we can help the process.  We pray that this is it!

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Thoughts From Zochowski at KTFA Friday Afternoon

KTFA: 

Bernice:  Z....like your post 173....but can you answer a few questions for me?....I realize that in order to get credit they check credit rating and previous credit...you have to have assets and ability to pay back any kind of loan....but why are we still getting more loans?..when they went thru books they very obviously saw the assets and the availablilty to pay back with raising of the value of currency... but still we are in holding pattern... with sovernity is being look at as well assets?...if granted soverneity then currency should be international right? hope you understand this...lol...

Zochowski:   AFTERNOON "BERNICE" TO ANSWER IN THE BEST WAY I CAN............

LOOK AT IT THIS WAY......THEY ARE BEING HANDED AN AGENDA TO COMPLETE BEFORE WE LOAN YOU "X" AMOUNT...........
....

HENCE, LIKE A CONSTRUCTION LOAN................OH YEA, YOU GOT THE LOAN OF 250K N IT WILL BE PAID OUT IN STAGES.........

GET THE BASEMENT POURED N THE FRAMING PACKAGE DELIVERED......PUT IN A DRAW REQUEST, SHOW US THE INVOICES N WE WILL CUT YOU THIS CHECK FOR THIS STAGE........

GET THE ROUGH FRAMING DONE, WINDOWS N DOORS INSTALLED N ROOF ON TO BE "WEATHERED IN", PUT IN A DRAW REQUEST WITH INVOICES OF WORK DONE WE WILL CUT YOU A CHECK FOR THIS STAGE..........

GET ROUGH PLUMBING, HEATING, INSULATION, ELECTRICAL COMPLETE, PUT IN A DRAW REQUEST, SHOW US INVOICES WE WILL CUT YOU A CHECK FOR THIS STAGE..........

AND SO ON N SO ON............

THE BANKS AND IRAQ N ABADI PROBLY HAD THE START OF ALL THIS LOAN APPLICATIONS BACK IN JANUARY/FEBRUARY.........

ABADI HAD TO PROVIDE ALOT OF PAPERWORK TO SATISFY THE BANKS AND ALSO GET TO CERTAIN STAGES BEFORE ANY FUNDS WERE DISBURSED............

HENCE, APRIIL WAS A GREAT MONTH FOR LOAN ACQUIRING!!!!!!!!!!!

BECAUSE HE WAS TOLD TO DO THIS N THIS N THIS IN FEBRUARY, MARCH N APRIL..........

HAVE YOU NOTICED OIL HAS "INCHED" BACK UP???

HAVE YOU NOTICED SECURITY IS BETTER????

HAVE YOU NOTICED THE 50 NOTES ARE DONE???

HAVE YOU NOTICED THE "SICK MAN" IS IN THE GREEN ZONE?????? (M)

HAVE YOU NOTICED THEY HAVE BEEN PLAYING WITH THE NUMBERS???????

HAVE YOU NOTICED THE KURDS GOT FULLY PAID IN APRIL??????

HAVE YOU NOTICED THE PROVINCES HAVE ALSO BEEN GIVEN SHARES?????

HAVE YOU NOTICED THE TALK F BOND SELLING???????

HAVE YOU NOTICED TALK OF INVESTORS N TARIFFS IN A FEVERED PITCH????

WHAT DID I MISS??????????

THAT HELP TO ANSWER THE QUESTION???????

Carolyn N. Thank you Mr Z this helps in understanding also when F26 said nothing in MAY .... there is our 30 day loan approval time frame

Lexi:  Carolyn, when did Frank say NOTHING in May?

ZOCHOWSKI :  AFTERNOON "CAROLYN N LEXI"

YOU ARE BOTH MISSING THE POINT HERE...........THE LOANS GOTTEN IN APRIL WERE THE 1ST DRAW OF A REQUIREMENT TO BE COMPLETED BY ABADI....BACK IN JANUARY/FEBRUARY.......

ABADI COMPLETED THESE REQUIREMENTS IN FEBRUARY/MARCH/APRIL...........
HENCE GREEN LIGHT/$$$$$$$$$$

OTHER DRAWS/LOAN AMOUNTS NOW SOUGHT ARE PROBLY THE NEXT STAGE OF SAME LOANS..............

IT IS FORCING IRAQ/ABADI TO ABIDE BY THE TERMS..........

GIVEN BY THE BANKS.........

BEFORE THE NEXT SET OF DRAWS ARE DISBURSED..............

IS THIS MAKING SENSE TO YOU?????

I SERIOUSLY WONDER IF WE HAVE MUCH MORE TO GO...........G/B M/Z

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Bits and Pieces in Dinarland Friday Afternoon

Stage3Alpha  

R.V./ GCR May 1, 2015 at 12:11pm Next leading marker watch for the government of Iraq to seperate from the banking system...expected on may 4th or 5th

R.V./ GCR May 1, 2015 at 1:00pm Recent memory lanes

Dr. Mark April 23, 2015 at 11:24pm
Response to new law for increased access to cash for Iraqi citizens:

1. The law has been passed, but, it has not been engaged. Hard to engage when they have no liquidity!!  But, the law is there.  Now, look at what the law does: 

2. The CBI and the private/public banks will have significant oversight of all transactions. The fact that they are increasing withdrawal amounts demonstrates they have better security!!
....

3. This also demonstrate they are feeling better about the future "liquidity" which I believe is most important at this stage.

4. Getting citizens to "go to the bank" is a priority for the CBI so providing increased access to ATM's via "internet" which they will be able to do with their new Qi cards as well as getting LD's via the bank to me...is all very encouraging.

Lastly, the increased cash flow is meant for banks to stimulate investment for projects both private and public.  SUPER!!!

The question you must ask now....why did they just pass this law? Timing is definitely interesting!!   IMO 

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G T May 1, 2015 at 12:50pm I'm Hearing This could be our LAST WEEKEND BEIN'......"BROKE BROKE"!!!

Stuff's Goin' Down In Iraq & At The Banks (Worldwide)!!

That's ALL I'm Sayin'

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Awake-in-3D  > G T  That's good news cause now I don't think my info is crazy (Hopium) today. I'll take your post as "soft confirmation" of what I'm hearing... :)

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Wilbur grodan MARKET ACTION - looks like the WEEKEND will be full of PROMISE

Robert K  So, I've read a couple times that ALL RV's take place in April or September. I guess this bear is looking forward to September.

Zoom  > Robert Koci This one might break that trend. Being a global event not just one country might make this a special case.

Jose N. > Robert Koci No sr. The RV happen on 4/15/15 we are just look for the release.

Rod jW > jose nerio From your keyboard to Gods ears! Praying you are right! :))

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Dinar Updates:

Poppy3   I EXPECT TO HEAR A RATE AT ANYTIME IN THE NEXT FEW DAYS. 

Millionday   Press Statement:   "Finance Minister Hoshyar Zebari said Thursday that Iraq was seeking sovereign rating continues with credit rating agencies as it prepares to issue bonds worth a huge five billion dollars needed to cover the financial deficit caused by low oil prices." 

THIS IS FROM A PRESS STATEMENT AND IS VERY IMPORTANT IN THE FORMATION OF THE INTEREST RATES -- WHICH PER OUR RESEARCH ON WHAT GOES INTO THE INTERNATIONAL EQUATION.  

THEY ARE WORKING ON THE CREDIT RATING FOR IRAQ... 

Quote:  "Zebari said in a press statement, "We started the process and that the banks are also seeking to help us in this direction," without having to disclose the date on which it is expected to complete the process."  

IRAQ IS NOT RELEASING THE DATE OF WHEN THE CREDIT RATINGS ARE TO BE RELEASED -- AND FOR A GOOD REASON...  

Quote:  "Iraq has announced that it will issue bonds worth five billion dollars in the first issued in the international bond market in nine years and is in dire need of liquidity as the government predicted that this year's deficit up to about 25 percent of the size of the budget of 100 billion dollars." 

IRAQ HAS ALSO ANNOUNCED THAT THEY ARE GOIING TO ISSUE BONDS IN THE INTERNATIONAL BOND MARKET --  

IRAQ THINKS THAT THE ISSUE OF THE LAST CREDIT RATINGS WILL ATTRACT THE INTERNATIONAL COMMUNITY TO THE BONDS THEY HAVE ISSUED TO HELP WITH THE DEFICIT. 

THE PROBLEM WITH OBTAINING THEIR CREDIT RATING IS THAT IT REQUIRES TRANSPARENCY TO THE AGENCY THEY ARE WORKING WITH ---

THIS FORCES THE INFORMATION THAT HAS BEEN KEPT QUIET TO BE REVEALED. 

NOTE -- THE BONDS ARE ALL IN DINAR AND THE FACT THAT THIS IS A HUGE PRESS STATEMENT...IT IS OBVIOUSLY VERY IMPORTANT.  

THE CREDIT RATING IS VERY IMPORTANT...IN THE REVALUE OF THE DINAR AND ALSO THE INTERNATIONAL RECOGNITION IN THE DINAR YOU HOLD

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TNT:

[freefalling] IMF starts a new fiscal year. Operational rates change. A weekend to allow for smooth transition. Please add to this list making this weekend a winner to a release

Montsepik:  Today is May Day. Am I the only one that, as a child, hung a basket of flowers on my neighbor's door, rung the doorbell, and then hid where I could watch their reaction?

May Day was also celebrated by some early European settlers of the American continent. In some parts of the United States, May Baskets are made. These are small baskets usually filled with flowers or treats and left at someone's doorstep. The giver rings the bell and runs away. The person receiving the basket tries to catch the fleeing giver; if caught, a kiss is exchanged.

BHappy: when Kuwait revalue their money they no water and little electricity or food. Wow

KTFA:

Bernice  »  Z....like your post 173....but can you answer a few questions for me?....I realize that in order to get credit they check credit rating and previous credit...you have to have assets and ability to pay back any kind of loan....but why are we still getting more loans?..

when they went thru books they very obviously saw the assets and the availablilty to pay back with raising of the value of currency... but still we are in holding pattern... with sovernity is being look at as well assets?...

if granted soverneity then currency should be international right? hope you understand this...lol....

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Boxman:  I am not Z...but IMHO...Iraq( without liquidity, cash) is like the person that has a thousand acre field of wheat, ready for harvest, but no money to hire workers or machinery to reap the field..the bank will lend you funds to harvest the field as long as you pledge the crop as collateral...much like Iraq and its resources...
I believe this is one of the major reason they are pushing to set up a sovereign fund IMHO

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Eagle1968: About a week or two ago i posted during lunch that my XE Currency app was going nuts with numbers. I got the same numbers as BacDoc posted last night & my USD has always been set to $1.0 IMO They are messing with the numbers & we are able to catch them a little at a time...Hopefully & PRAYERFULLY soon they will just press the button & do this. DR S & A have the ability to make this truly a great RAMADAN & not a RAMA-DUD like it has been for the last few years.

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jdtolle  » May 1st, 2015, Use of time

Your time is one of the most precious things you have, and no hour, no moment, no day can ever be replaced. Keep that in mind when choosing how to spend your time.

The way you use your time, now, in the next hour, in the next few days, determines the way your life unfolds. It is a great opportunity that keeps on presenting itself to you.

Over and over again, you have the chance to make wise and productive use of your time. You have the chance to exchange the fleeting moments for lasting value.

Every now and then, step back and look at what you’re doing. Remind yourself to make the most of the great opportunity you have in each moment.

Tomorrow can be markedly improved as a result of the way you use your time today. By using your time wisely, you can transform the richness of this moment into a richness that continues in your life for years to come.

You have just as much time today as the most accomplished person alive. Now is your time to make it count.

Ralph Marston   Wishing All a safe and blessed day/weekend   JDT

P.S. It is a thousand times better to have common sense without education than to have education without common sense. -- Robert G. Ingersoll

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