BLC Admin Chat: Money Laundering Part 2 of 2

BLC Admin tlm724 Chat 04/06/2015 Money Laundering  Part 2 of 2

UPDATE JUNE 30TH 2015

Prime Minister Dr. Haidar al-Abbadi heads the regular session of the Council of Ministers

Cabinet held its regular Tuesday under the chairmanship of Prime Minister Dr. Haider al-Abadi, the Council agreed to grant allowances to employees of the federal police at their participation in combat missions in case of availability of appropriations.

The Council of Ministers approved a draft anti-money laundering law, and the financing of terrorism, which It is of great importance for his role in drying the sources of terrorism and to respond to international trends in this area. 
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The Council is also to proceed with the completion of the coverage of social protection field survey, to ensure accurate data base, and to ensure the inclusion of eligible.

and will announce the General Secretariat of the Council of Ministers decisions of the Council of Ministers in its forty-fifth session on Tuesday at a later time.

Information Office of the Prime Minister

30 June 2015

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Keywords calls for Parliament to pass a law against money laundering

June 30, 2015   BAGHDAD / Center Brief for the Iraqi Media Network (IMN) - praised the Governor of the Central Bank on the Keywords, Tuesday, the Cabinet's decision to vote on the draft anti-money laundering law presented by the Bank, calling on Parliament to give the law a priority to pass in anticipation of the situation in Iraq as "black list" In the absence of approval.

Keywords and said in a press statement, "We commend the Council of Ministers decision to vote on the draft anti-money laundering law submitted by the central bank, which was put on according to the latest international standards and agreements and coordinate directly with the World Bank and the Financial Action Task Force and international organizations", and expressed his thanks for "Shura Council State actors for his contribution throughout the project preparation. "

He called Keywords House of Representatives to "give priority to pass a law where there notice a few months granted to Iraq if they are not project approval in Iraq will be placed on the blacklist, which has serious consequences for Iraq's international position,"

stressing that "the new law lays the framework and concepts clear and effective & Conditions It enables the central bank, the judiciary and the relevant authorities to exercise the roles and tools commensurate with the seriousness of the crimes of money laundering and terrorist financing. "

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[tlm724] "give priority to pass a law where there notice a few months granted to Iraq if they are not project approval in Iraq will be placed on the blacklist

[tlm724] that is exactly why we went over that 2 months ago , it's some serious stuff !!

[tlm724] blacklist !

[Mikey] dats racey

[tlm724] Mikey which has serious consequences for Iraq's international position,

[tlm724] let me see if I can find something Mikey brb   

[tlm724] k got it

Keywords: Iraq can be included in the blacklist issued unless a special law of money laundering 02-04-2015 02:44 PM Warned the Governor of the Central Bank of Iraq and the Agency on the Keywords of the possible inclusion of Iraq within blacklisted by international parties.

Alak said that unless issued a law on money laundering, Iraq could be included in the blacklist by international parties, adding that the money laundering process operates interesting international parties and on the central bank to move to reduce them because of the seriousness of that shape and can be used in terrorist operations, corruption and crimes.

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[tlm724] 02-04-2015

[cat] yeppers

[emmaduke] tlm724 take a look at the one I posted just befor you... talks about being international

[tlm724] Punishments against countries unless they ‘enact significant legislation to address these problems’ were stated as possibly to include: requiring US and other banks to gather detailed information before doing business with any individual or company from any of these countries;

and issuing official warnings to international companies against doing business in any of the countries. FATF can also recommend taking sanctions against a country on the blacklist !

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[tlm724] emmaduke go ahead

[emmaduke] oh... just a sec

[emmaduke] Saleh said for "Eye Iraq News", that "the law of the most important laws and vote in the parliament majority being gives Iraq's legal status in the international financial community," noting that "the law also gives Iraq authority to monitor international financial laws and the participation of opinion on them."

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[cat] sounds good

[tlm724] He explained that "the Council of Ministers approval of this law is an important step in the right direction and give positive messages to the international financial community," noting that "the Central Bank of the Department for money laundering, but is able to work and this law Ameliha will cooperate with all organs of the State concerned."

Praising the Governor of the Central Bank on the Keywords, Tuesday, the Cabinet's decision to vote on the draft anti-money laundering made by the Bank Act, calling on Parliament to give priority to the law passed in anticipation of the situation in Iraq as "black list" in the absence of approval

[emmaduke] this is very much needed.. and a step in the direction we want

[tlm724] yep we've been waiting for this law for months and they are doing it just in the nick of time too, they had 90 days ! Getting full support from PM Abadi is huge too !

[emmaduke] I know now if they can get everyone to put down their pacifiers and vote....

[tlm724] emmaduke ty for posting that !

[tlm724] I am more excited with this investement than I have ever been especially after seeing this and the Islamic Banking Law brought into the light of day !

[tlm724] keywords greenlight won't work til we see these laws IMO! that greenlight was putting the cart before the horse. Getting very interesting now ! Things seem to be proceeding in the right direction and in the right sequence now ! No more spinning the twister card for the next step in the monetary policy lol

[tlm724] you want to know one thing I noticed ? on April 6th the CBI said we have 90 days and now we have parliament having back to back meetings on July 1st and 2nd, this law is close to it's deadline on July 6th give or take a day ! Talk about cutting it close hallelujah* 


tlm724     Central hails anti-money laundering law

06/30/2015 17:45    Interface Bank building

Keywords House of Representatives called on to give priority to pass a law where there is a few months deadline given to Iraq if they are not in Iraq approve the project will be put on the blacklist, which has serious consequences for Iraq's position internationally.

BAGHDAD / Obelisk: praised the Governor of the Central Bank on the Keywords, Tuesday, the Cabinet's decision to vote on the draft anti-money laundering law presented by the Bank.

Keywords and said in a press statement, "We commend the Council of Ministers decision to vote on the draft anti-money laundering law submitted by the central bank, which was put on according to the latest international standards and agreements and coordinate directly with the World Bank and the Financial Action Task Force and international organizations",

and expressed his thanks for "Shura Council State actors for his contribution throughout the project preparation. "

He called Keywords House of Representatives to "give priority to pass a law where there notice a few months granted to Iraq if they are not project approval in Iraq will be placed on the blacklist, which has serious consequences for Iraq's international position,"

stressing that "the new law lays the framework and concepts clear and effective & Conditions It enables the central bank, the judiciary and the relevant authorities to exercise the roles and tools commensurate with the seriousness of the crimes of money laundering and terrorist financing. "

The Council of Ministers approved on Tuesday the draft anti-money laundering and the financing of "terrorism" law.

And money laundering is the recycling of funds resulting from illegal actions in the areas of channels and invest legitimacy to hide the true source of these funds and look as if they had been generated from a legitimate source Examples of such unlawful acts (funds generated by the drug trade - slave - prostitution - weapons).

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BLC Admin Chat: Money Laundering Part 1 of 2

BLC Admin tlm724 Chat 04/06/2015 Money Laundering

Parliamentary Finance Committee constituted a five-year follow-up of money laundering and currency smuggling operations 

BAGHDAD / Amer Mohi     Parliamentary Finance Committee announced the formation of a committee to follow up on a five-year money-laundering and smuggling dollar out of the country. While confirmed that stop manipulation would raise the value of the Iraqi dinar against the dollar, an expert called to involve combat economic crime with a five-member committee to acquire "legal force" and arrest the perpetrators of economic crimes.
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[tlm724] Finance Committee announced the formation of a committee to follow up on a five-year money-laundering and smuggling dollar out of the country.


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[tlm724] While confirmed that stop manipulation would raise the value of the Iraqi dinar against the dollar

[tlm724] indeed it would !

[tlm724] committee to follow up the money laundering and smuggling of foreign currency operations committee was formed to follow up on this matter and verify it,

[tlm724] "members of the committee are determined to work very seriously to follow up on violations and corruption, which gets a result of money laundering and smuggling of currency abroad "predicting that" stop currency manipulation will contribute significantly to the decline in the dollar rate against the dinar.

[tlm724] this a long art let me bring in the important parts

[tlm724] He added Atwani saying that "money laundering may be linked to some major economic crimes phenomenon of trafficking of prohibited and forbidden internationally

[tlm724] no doubt it is forbidden hence the urgency now !

[tlm724] the phenomenon has grown through the exploitation of the central bank action to provide cheap dollar Using currency auction without strict control measures on import operations, creating a great opportunity for financial mafias remove large amounts of dollar out of Iraq ",

[tlm724] "the Committee's functions which will be in the coming days is very large, and if the Commission led its business in a professional manner and applied systems and standards regulatory limit and dramatically waste operations in foreign currencies provided by the Central Bank of Iraq,

which will contribute to reducing the demand for the dollar is positively reflected on the Iraqi dinar and the decay rate the role of the parallel market exchange rates ",

[tlm724] which will contribute to reducing the demand for the dollar

[tlm724] which will contribute to reducing the demand for the dollar

[tlm724] which will contribute to reducing the demand for the dollar

[tlm724] "it was an agreement between the Finance Committee after the presence of the Minister Financial Hoshyar Zebari and director of Money Laundering Office to the House of Representatives on Wednesday,

[tlm724] "the formation of a parliamentary committee graduate for the investigation of money laundering case, because of the subject of high-risk and negative impact on the Iraqi economy, "noting that" the World Bank warned of the repercussions of the washing process taking place in Iraq, and the failure of the extremely dangerous. "

[tlm724] the World Bank warned of the repercussions of the washing process taking place in Iraq

[tlm724] they have been warned and how !

[tlm724] it is about to bite them in the butt unless they take quick action !

[tlm724] "The Finance Minister Hoshyar Zebari told us that money laundering affects the lower central bank reserves of hard currency, "pointing out that" there are a number of private banks are covering up the money laundering process through remittances out of Iraq,

[tlm724] that money laundering affects the lower central bank reserves of hard currency,

[tlm724] the Commission held a meeting with the Minister of Finance and Director of the General Commission for Taxes and customs and the director of the Anti-Money Laundering and representatives from the Central Bank, on the subject of money laundering and showed their willingness to cooperate,

noting that the Committee will hold a session with the committees of integrity, investment and economy parliamentary, and then with the Presidency to inform them of the course of events and the findings of the Commission. "

[tlm724] you know what prompted all this ? forced this action ?

[tlm724] 'the threat of the blacklist is what !

[tlm724] we have talked about all this and like I said it's as serious as a heart attack ! These actions they will take will reduce the demand for the dollar as well as raise the dinar value !

[cstacy] blacklist then we loose

[tlm724] cstacy yes us and Iraq in a big way but having said that as I told you it's in everyones best interest, the IMF, World Bank and UN to ensure Iraq follows the rules, that is why this is like a kick in the rear to motivate them to take corrective action NOW ! It's truly a do or die situation and it only furthers our cause  Wink 

[tlm724] they MUST pass the Islamic Banking Law and amend the anti-money laundering law and the banking law period ! They are a separate entities from the budget !

And remember the Governor of the CBI meet with Jubouri last week and said we must have these laws done !! They have a 3 month window for compliance and we do not know when that window began !

Money laundering threatens the collapse of Iraq's economy 05-04-2015 06:05 PM

Parliamentary Finance Committee revealed, Sunday, for the growing money laundering operations in the country to increase the number of banks and bank eligibility, confirmed the loss of Iraq billions of dollars since 2003 until now.

A member of the committee, MP Masood Haider in a press statement, seen by the (news) today, said that 'committee got a lot of information and documents confirming this thing and makes them suspect companies and offices banking working on converting those amounts to Iraq's neighboring countries. "

He said that 'the evidence points to the exposure of Iraq to process very large money laundering over the past years, and is still ongoing yet ',

pointing out that' the Finance Committee and Ministry of Finance and the Central Bank decided to form a parliamentary committee graduate in order to investigate money laundering case, because of the subject of very serious and negative impact on the country's economy. "

For his part, said a member of the Parliamentary Finance Committee, Attorney Hossam punitive , The 'Finance Committee agreed after the presence of the Minister of Finance and Director of the Money Laundering Office to hold a preliminary meeting in the presence of Finance and the Parliamentary Integrity and the economy with the Presidency of the Council committees for the purpose of discussing placed money laundering and take deterrent action against the perpetrators of sabotaging the economy. "

Economists believe that the growing money laundering operations in the country in Iraq, mainly due to the absence of regulatory laws on the banks of the civil and banks that would take down the maximum penalties for the perpetrators of the crime of money laundering back.

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tlm724   UPDATE: 

The anti-money laundering law in the Cabinet soon

April 26, 2015    BAGHDAD / Center Brief for the Iraqi Media Network (IMN) Governor of the Central Bank announced the agency on the Keywords, that the draft anti-money laundering law in the State Consultative Council now, after completion by the central bank, hoping to put in the cabinet and then to the House legislation.

Keywords warned in his statement (IMN) that "Iraq will be placed on the black list, if not prescribed anti-money laundering law," stressing that "the central bank stepped up its capabilities in the fight against money laundering."

And that "the law provides for the formation of a national board that includes all parties, headed by the central bank there to be a coordinated anti-money laundering", the seat of "the existence of numerous cases of money laundering, but the control you need to coordinate with multiple parties."

House and form a tripartite committee of financial and economic integrity of the parliamentary discussion of money laundering, the Tripartite Commission said it had gathered information and evidence on many money laundering and smuggling of foreign currency.

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Comments may be made at the end of Part 2  Thank You

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My Ladies and Friends Wed. AM Chat: "Can Greece Go Back To The Drachma?"

Thanks My Ladies for allowing us to share from your private chatroom.

PrincessDD:   A Greek lawmaker reportedly has a team preparing the groundwork for a return to the drachma   http://ift.tt/1KsTBXg

How do you change a currency fast?    http://ift.tt/1dvJEK3

MY LADIES:   How do you change a currency – fast?

LET'S TAKE A CLOSE LOOK AT THIS...HOW QUICK CAN GREECE GO BACK TO THE DRACHMA??
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The drachma was the world’s oldest existing currency before it was replaced by the euro on January 1, 2001. And it may be about to make a comeback. This Sunday’s referendum is described by European leaders as a vote for or against the euro. If Greece votes “oxi”, the country may soon be looking for a new currency.

 Haris Theoharis, a politician in the centrist party To Potami, said: "There's already a team within the prime minister's office, with staff from the general accounting office, right now working on the drachma."

MY LADIES:  WELL THEY NEEDED TO BE PREPARED FOR THIS RIGHT??

But how?

Has anything like this ever been done before?

Not really. The last time a currency union broke up was the Austro-Hungarian empire in 1918.

MY LADIES: SO GREECE IS SETTING A NEW PATHWAY I GUESS.. NOT SINCE 1918 HAS THIS BEEN DONE.

In an ideal world, any government would want to introduce a new currency with an element of surprise to money rushing out of the country as people seek to avoid a devaluation of their euros.

However, a Grexit, would be no surprise - though there are now capital controls in place to prevent the flight of money out of banks, and out of Greece.

MY LADIES: RIGHT NO SURPRISE HERE UNLESS YOU'RE LIVING IN A CAVE.

Without the backing of the European Central Bank, a new currency would have to be introduced very quickly.

De La Rue, the world’s largest printer of banknotes, said: “Working out the details … is all very well when you have a year or two to think about it. Make that a month or two, and things start to get interesting.”

MY LADIES: OK SO WHAT ARE THE STEPS..LET'S HAVE A LOOK

First you need a design for a note

De La Rue organised the complex operation to replace Iraq’s old currency in 2003-4, delivering the notes 10 weeks after the order was placed.

MY LADIES: SO IRAQ TOOK 10 WEEKS

The company said that this process typically takes a year and a half.

In South Sudan, the company designed, produced and distributed a new currency in six months - an unusually quick process.

MY LADIES: SOUTH SUDAN TOOK 6 MONTHS TO PRINT AND DISTRIBUTE, GREECE DOESN'T EXACTLY HAVE THAT MUCH TIME.... LET'S KEEP READIN

The company declined to comment on any current plans to create a new drachma.

MY LADIES: NO NEWS USUALLY IS THE NEWS

In 2012, the company drew up contingency plans when it looked like there was a possibility Greece might exit the eurozone, and Greek banks have been preparing for an exit of the monetary union for years.

MY LADIES: SO SEEMS GREECE IS PREPARED ALREADY???

In April 2013, designer Pavlos Vatikiotis came up with designs for a "new drachma", featuring portraits of modern Greeks from the arts and sciences, his tongue partially in cheek.

Then you need to print it

For Iraq's new currency, De La Rue printed the banknotes in different location around the world: in Malta, Sri Lanka, Kenya and the UK.

Special paper needs to be ordered, as well as millions of metres of security thread, watermarks, ultra-violet features and any other anti-counterfeiting devices.

Greece has its own facility in Holargos, northern Athens, which can print notes and mint coins.

 In theory, this can be used for a new drachma. The ECB said that it has been responsible for printing €10 notes for the whole eurozone.

MY LADIES: ALL RIGHT SO THEY CAN PRINT CLOSE TO HOME.

Then you need to distribute it

 In Iraq, the distribution process was complicated by the ongoing war - one of the officials working on the Iraqi Currency Exchange team was badly injured in a bomb attack.

A Greek process would be rather less dangerous – with capital controls, large amounts of money cannot be moved around, and so new currency could be more easily distributed. New laws would have to be enacted, and businesses would potentially have to draw up new contracts.

The Bank of Greece would fix an exchange rate, and Greece would lose access to the ECB.

MY LADIES: SEEMS EASY ENOUGH SO FAR..

But what happens to the money Greece owes?

The country's debts are mostly denominated in euros, and would likely increase in size as the new money is likely to devalue against the old.

Greece would also be unable to print new money to pay it, as its creditors would not accept payment in drachma.

MY LADIES: HUMMM GETTING STICKIER NOW..SO HERE ARE SOME OPTIONS

What are the other options?

A parallel currency

This would be circulated alongside the euro inside Greece to pay for taxes, food and clothing, freeing up euros to pay for debt and create growth. The money would be an IOU issued by the Greek government that could be passed from one person to another.

People would, in theory, be willing to accept the money because it could be used to pay taxes, and Greece would exist in a grey area between Grexit and eurozone.

But this is all in theory - Greeks would naturally be suspicious of such money.

MY LADIES: IT'S TO TEACH OLD DOGS 1 NEW TRICK...NEVERMIND 2

IOUs

At the height of the Greek crisis of 2010, the Greek government issued a form of domestic bonds to medical suppliers in the absence of cash.

These “pharma-bonds”, as they were known, acted as IOUs from the government and resembled a form of “quasi-drachmas”, according to economists at UBS.

These bonds behaved much like a traded currency and could be deposited at banks as collateral for cash.

MY LADIES: HUMMM I DON'T KNOW ABOUT THAT ONE ANY MORE

THE BEST DECISION WOULD BE

Digital currency….Much easier to design and distribute – but difficult in practice.

Many Greeks don’t have a bank account, let alone a bank card.

The economy is very cash-based, which is part of the reason why so many were able to evade taxes. But if Grexit were to come in a decade’s time – who knows?

MY LADIES: WELL THEY WILL NEED TO LEARN SOON ENOUGH WE ARE GOING TO A CASHLESS SYSTEM ...SOOO..MAYBE GREECE WILL START THIS NEW TREND TOO...WHO KNOWS

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PrincessDD:  Greek Drachma Plunge Previewed in History of Currency Crises http://ift.tt/1IsgCrI

Back to the drachma? Greek lawmaker touches a nerve http://ift.tt/1NvT2dz

Grexit to drachma would be dangerous: Larry Summers    http://ift.tt/1T0uJHV

Italy PM says Greek referendum is choice between euro and drachma http://ift.tt/1NvT2dC

Should Greece Abandon the Euro?    http://ift.tt/1g7vGzM

Greece debt crisis: Tsipras in new bailout 'concessions (fresh compromise) http://ift.tt/1Nv6MVP

Greek debt crisis: Is Grexit inevitable?   http://ift.tt/1PZj0bV

Greece, Missing I.M.F. Payment, Is Called Effectively in Default http://ift.tt/1egOLyu

Sager:  The International Monetary Fund has confirmed that it didn't receive the €1.5 billion payment from Athens that was due by the end of June 30, Brussels time, making Greece the first developed country to default on its international obligations. READ MORE: http://on.rt.com/g5ktdv

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PR:  I Don't really see Greece as a major issue they have had 8 years to kick the can down the road and re spread the risk. Everyone knows Greece will never pay. More manipulation as you see gold go down not up... it should have taken off parabolically already. This is a very well planned event that is controlled behind the scenes. IMF eventually comes in as a savior to Promote the SDR. We Still need to Stop the NEW WORLD ORDER.   http://ift.tt/1Io2a3M

PrincessDD:   Mary  my friend in Spain wanted me to tell you something. They have lived in Spain for 8 years now, and she says that on her mortgage statement and her utility bills, they have always had the peseta (spains old currency) amount on there next to the Euro amount even though no pesetas are in circulation or being used. They never dropped it from the banks although they dont use it. They never understood why there is a peseta amount in addition to the euro. She thinks this is all making sense that they would return to Spains old currency the peseta because it wouldnt be such a big deal electronically if they had to change quickly.

MY LADIES:   COULD BE RABBIT...COULD BE...

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MY LADIES:   [7:15 AM] Princess DD: <<<  Greek Drachma Plunge Previewed in History of Currency Crises

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MY LADIES: NOW LET'S LOOK AT ANOTHER VIEW OF THIS...

Greek Drachma Plunge Previewed in History of Currency Crises

 History doesn’t bode well for a new Greek drachma.

Contemplating Greece’s potential exit from the euro, JPMorgan Chase & Co. strategist John Normand tried to estimate what it would be worth by looking at changes to seven foreign-exchange regimes over the past two decades.

MY LADIES: SOUNDS INTERESTING SO FAR...LET'S KEEP READING

The result is not pretty -- another blow for investors trying to guess how much they might recover of the 40 billion euros ($44 billion) of outstanding Greek bonds and for companies thinking about the business environment under an alternative currency.

Among the changes Normand studied were the end of fixed or managed exchange rates following balances of payments crises in Mexico in 1994, Thailand and Indonesia in 1997, Russia in 1998 and Brazil in 1999. He also threw in Argentina’s 2002 removal of its currency board.

On average, crisis economies saw their currencies  slide 55 percent against the dollar in the first year after the rupture  and 53 percent two years later.

The biggest fall in the first year was Indonesia’s 84 percent devaluation and Russia won the prize over two years with a 78 percent plummet.

Destined to Depreciate ’

In fairness, Greece’s current account is in surplus and its economy actually grew in 2014, suggesting there is less of a need for depreciation than the other economies studied.

Thailand, for example, ran a deficit of 6 percent of gross domestic product before running into market panic. Normand reckons just allowing for trade suggests a drachma may even be worth the same as a euro at the moment.

MY LADIES: WORTH THE SAME AS THE EURO???? HUMMM I'M NOT SURE ABOUT THAT

Against that, he noted a withdrawal from the euro would deprive Greece of the fiscal and monetary anchors traders need to easily set an exchange rate as well as roiling the economy and commercial environment.

“By this benchmark, the GReuro seems destined to depreciate substantially after its introduction,” Normand said in a report on Tuesday.

 “It shouldn’t surprise anyone to see an outcome rivaling the worst performance in the league table.”

MY LADIES: THAT SOUNDS ABOUT TO ME, BUT THE DRACHMA COULD APPRECIATE QUICK ENOUGH WITH THE NEW GROWING ECONOMY GREECE WOULD SEE IN THE YOUNG PROFESSIONALS

TB:  Mary, If Greece goes back to the Drachma does it have to be asset backed for the printed currency?

MY LADIES:  YES IT DOES, IT HAS TO BE BASEL COMPLIANT

TB:  Interesting...can't pay debt but have to have an asset backed currency if they choose the Drachma. Where is the money going to come from?

IQD NOVA:  ONE IS THE LONG TERM WEALTH OF A COUNTRY. THE OTHER IS BEING CASH POOR!!

MY LADIES:  GREECE HAS GOLD AND THEY HAVE 2 BIG CONTACTS ON THE TABLE, 1 BEING WITH CHINA FOR THE PORT, AND THE OTHER BEING WITH RUSSIA FOR THE GAS

PrincessDD:  Things are getting interesting…. So will there be any market fallout from the default news today?

MY LADIES:   Italian, Spanish bond yields dip as fresh round of Greek talks eyed

http://ift.tt/1NvT2dF

(Reuters) - Italian and Spanish bond yields dipped on Wednesday as investors continued to lay cautious bets on a deal to keep Greece inside the euro zone, hours after it became the first developed economy to default on an IMF loan.

MY LADIES: SEEMS THE MARKETS ARE COUNTING ON A DEBT RESTRUCTURE WITH THE ECB

Italian and Spanish 10-year bond yields were 1 basis point down at 2.29 percent and 2.26 percent , respectively. Portuguese equivalents were 0.6 bps lower at 2.98 percent.

"Whatever the result of the referendum the market thinks at the end of the day there's going to be negotiations  because it's in no-one's interest to see a Greek exit," said BNP Paribas strategist Patrick Jacq.

" The market is gradually positioning for a 'yes' at the referendum which to some extent puts the market at risk because nobody knows what's going to happen and the 'no' supporters still dominate when you look at the polls."

MY LADIES: SO THERE YOU HAVE IT....SO FAR NO ONE IS YELLING FIRE!

MY LADIES:  Italy sells €6.8bn in debt despite continuing Greek crisis

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MY LADIES: THE WORLD IS STILL SPINNING AND MARKETS ARE HOLDING SO FAR

Italian bonds halted a two-day drop and the nation sold €6.8 billion of debt, a sign of investor confidence that fallout from Greece’s financial crisis can be contained.

Italy’s sale included €2.9 billion of 10-year bonds and €1.5 billionof five-year securities. While the bid-to- cover ratio, a gauge of investor demand, was the lowest since December for the longer-maturity bonds, it increased for the shorter-dated notes.

Risk appetite held up well for most of yesterday ,” Peter Chatwell, a rates strategist at Mizuho International in London, said in an e-mailed note.

“We were expecting to see knee-jerk crisis trades getting put on given that a Greek referendum represents a material rise in tail risk, but the market was calm.

Outright longs of the liquid parts of Italian and Spanish curves still look attractive at the current time.

Princess DD: Did Greece just agree to everything they said they would not agree to?

MY LADIES:  NO I DON'T THINK SO WHY???

MY LADIES:  [9:22 AM] Princess DD:  <<< Greece debt crisis: Tsipras in new bailout 'concessions (fresh compromise)

http://ift.tt/1Nv6MVP

Greece's Prime Minister Alexis Tsipras has offered new concessions to the country's creditors.

A letter to creditors sent by Mr Tsipras says he was prepared to accept most conditions that were on the table before talks collapsed and he called a referendum.

MY LADIES: SO THIS WAS BEFORE TALKS COLLAPSED

On Tuesday, eurozone finance ministers refused to extend the previous bailout.

Germany says a new agreement on a bailout would not be possible until after the referendum this weekend.

MY LADIES: OK SO HERE COMES A WRENCH IN THE WORKS

Human rights body the Council of Europe has said the referendum, which will ask Greeks if they want to accept their creditors' proposals, would  fall short of international standards if held as planned on Sunday.

The body's Secretary General Thorbjorn Jagland told AP that the fact the vote "has been called on such a short notice... is a major problem", and criticised the lack of clarity in the question to be put to voters.

MY LADIES:  HUMM SO I DON'T THINK HE'S SAYING ANYTHING DIFFERENT, HE HAS BEEN ASKING FOR THIS DEBT TO BE RESTRUCTURED ...AND IF IT CAN NOT HE IS RECOMMENDING THAT THEY LEAVE.

PrincessDD:   ok good. Thanks Mary

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Tidbits From Frank26 and KTFA Members Late Tuesday Night

KTFA:

Bernice:  Frank....so is this what we want....with everything going down?

Frank26:  At this stroke in the swim .......... Yours is a difficult question to answer.

Have You ever played pick up sticks?

Tell me ........... How do You decide on the one to pick up first?

The answer may seen rather abstract ......... But so is this LAVA FLOW.

Try not to predict .... Anticipate nor guesstimate anything in this MR . Simply carefully analyze and comprehend what ........ Is Given.

Enjoy The Ride and may we mature into righteous........ Note:
....

It has been 2000 years but tonight at W to NW just after sunset Venus and Jupiter will merge to form........ The Star of Bethlehem.

Fascinating ........ Indeed.    KTFA   Frank

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quattro1 :  Accident or Coincidence????  Greece Defaults on $`.7 Billion IMF Payment! 

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Purifyers:  .. It will be interesting to see what evolves from this....

IMO.... this was a plan hatched out "WAY" ahead of time, ">THEY<" KNEW the financial situation that Greece would be in.... and it plays out MORE DEEPLY.... than 3D chess....

Moves with countries are well thought out.... MANY MANY years before any actions that we "see" played out in real time.... (although modified along the way... I must admit)

IMO.... "REAL TIME" is the "THEATER" for citizens of the world to witness.... but in the background.... we are played.... like a fine Magician.... that KNOWS THEIR CRAFT....

What we SEE.... is not (necessarily) the TRUTH.... of how "NATIONS" progressed.... and how the result came to be.... before our EYES!

Slight of hand????

IMO.... HANDS....

(NOTE: a little "truth or dare".... plays into CHESS MOVES with nations)

I have a sweet tooth.... anyone care for a dozen donuts?

(I have learned ALOT from what Frank,... teaches us)  Thanks Frank!!

************

FrostyTheSnowman   » June 30th, 2015, 10:12 pm 

Tick Tock . . .

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The portion of the federal debt that is subject to a legal limit set by Congress closed Friday, June 26, at $18,112,975,000,000, according to the latest Daily Treasury Statement, which was published at 4:00 p.m. on Monday.

That, according to the Treasury's statements, makes 15 straight weeks that the debt subject to the limit has been frozen at $18,112,975,000,000.

$18,112,975,000,000 is about $25 million below the current legal debt limit of $18,113,000,080,959.35.

The Daily Treasury Statement for March 13 was the first to show the federal debt subject to the limit closing the day at $18,112,975,000,000. Every Daily Treasury Statement since then has reported the same thing: the debt closing the day at $18,112,975,000,000.

Every Daily Treasury Statement since Monday, March 16, has reported the debt beginning and ending each day at $18,112,975,000,000.

**************

Purifiers   » June 30th, 2015, 11:35 pm  •  

Iceland looks at ending boom and bust with radical money plan

Wednesday 01 July 2015

Icelandic government suggests removing the power of commercial banks to create money and handing it to the central bank

Iceland's government is considering a revolutionary monetary proposal - removing the power of commercial banks to create money and handing it to the central bank.

The proposal, which would be a turnaround in the history of modern finance, was part of a report written by a lawmaker from the ruling centrist Progress Party, Frosti Sigurjonsson, entitled "A better monetary system for Iceland".

"The findings will be an important contribution to the upcoming discussion, here and elsewhere, on money creation and monetary policy," Prime Minister Sigmundur David Gunnlaugsson said.

The report, commissioned by the premier, is aimed at putting an end to a monetary system in place through a slew of financial crises, including the latest one in 2008.

According to a study by four central bankers, the country has had "over 20 instances of financial crises of different types" since 1875, with "six serious multiple financial crisis episodes occurring every 15 years on average".

Mr Sigurjonsson said the problem each time arose from ballooning credit during a strong economic cycle.

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Purifyers:    Capital controls: Greece and Iceland
LONDON | June 30, 2015

Now that Greece has controls on outflow from banks, capital controls, many commentators are comparing Greece to Iceland. There is little comparison to be made between the nature of capital controls in these two countries.

The controls are different in every respect except in the name. Iceland had, what I would call, real capital controls – Greece has control on outflow from banks. With the names changed, the difference is clear.

The controls in Iceland stem from the fact that with its own currency and a huge inflow of foreign funds seeking the country’s high interest rates in the years up to the collapse in October 2008, Iceland enjoyed – and then suffered – the consequences just like emerging markets in Asia in the 1980s and 1990s.

Enjoyed, because these inflows kept the value of the króna, ISK, very high and all of Iceland’s 300.000 inhabitants lived for a few years with a very high-valued króna, creating the illusion that the country was better off than it really was. After all, this was a sort of windfall, not a sustainable gain or growth in anything except these fickle inflows.

Suffered, because when uncertainty hit the flows predictably seeped out and Iceland’s foreign currency reserves suffered. As did the whole of the country, very dependent on imports, as the rate of the ISK fell rapidly.

During the boom, Icelandic regulators were unable, and to some degree unwilling, to rein in the Icelandic banks’ insane foreign expansion. On the whole, there was little understanding of the danger and challenge to financial stability that was building up. It was as if the Asia crisis had never happened.

As the banks fell over October 6-9 2008, these inflows amounted to ISK625bn, now $4.6bn, or 44% of GDP. These were the circumstances when the controls were imposed in Iceland due to lack of foreign currency for all these foreign-owned ISK. The controls were implemented on November 29 2008, after Iceland had entered an IMF programme supported by an IMF loan of $2.1bn. (Ironically, Poul Thomsen who successfully oversaw the Icelandic programme is now much maligned for overseeing the Greek IMF programme – but then, Iceland is not Greece and vice versa.)

With time, this amount of foreign-owned ISK has dwindled and is now at 15% of GDP. But another pool of foreign-owned ISK has emerged in the estates of the failed bank, amounting to ca. ISK500bn, $3.7bn, or 25% of GDP.

In early June this year, the government announced a plan to lift capital controls – it will take some years, partly depending on how well this plan is executed (see more here, toungue-in-cheek and, more seriously, here).

Greece – bank-outflow controls

The European Central Bank, ECB, has kept Greek banks liquid over many months with its Emergency Liquid Assistance, ELA. In light of the Greek government’s decision to buy time with a referendum on the Troika programme and the ensuing uncertainty, this assistance is now severely tested. The logical (and long-expected) step to stem the outflows from banks is to limit funds taken out of the banks.

This means that the Greek controls are only on outflow from banks. The Greek controls, as the ones imposed previously in Cyprus, have nothing to do with the value or convertibility of the euro in Greece. The value of the Greek euro is the same as the euro in all other countries. All speculation to the contrary seems to be entirely based on either wishful thinking or misunderstanding of the controls.

However, it seems that ELA is hovering close to its limits. If it is correct that Greek ELA-suitable collaterals are €95bn and the ELA is already hovering around €90bn – the situation, also in respect, is precarious.

How quickly to lift – depends on type of controls

The Icelandic type of capital controls is typically difficult to lift because either the country has to make an exorbitant amount of foreign currency, which is not likely, a write-down on the foreign-owned ISK or binding outflows over a certain time. The Icelandic plan makes use of the last two options.

Lifting controls on outflow from banks takes less time, as shown in Cyprus, because the lifting then depends on stabilising the banks and to a certain degree trusting the banks.

This certainly is a severe problem in Greece where the banks are only kept alive with ELA – funding coming from a source outside of Greece. This source, ECB, is clearly unwilling to play a political role; it will want to focus on its role of maintaining financial stability in the Eurozone. (I very much understand the June 26 press release from the ECB as a declaration that it will stick with the Greek banks as long as it possibly can; ECB is not only a fair-weather friend…)

Without the IMF it would have been difficult for Iceland to gain trust abroad for its crisis actions – but Greece is not only dependent on the Eurozone for trust, but also on the ECB for liquidity. Without ELA there are no functioning Greek banks. If the measures to stabilise the banks are to be successful, the controls are only the first step.

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Late Nite Wealthwatch Member Chat

Post From Wealthwatch.world Chat Room

chattels: I have been reading Marcus Aurelius, " Meditations "

Donnie: ppl are saying the darnest things lately

AuntieMame: I could sure use some of the dinar at a 1 - 1 right now.

 chattels: He was the last of the " good emperors " of Rome - really an impressive human being

chattels: ‹@AuntieMame› manyhave been despoiled by arguably unrealistic expectation in the near term for the value of the dinar - 1:1 would be a historic revaluation

AuntieMame: gn everyone I pray for the best for everyone in the near future
~~~

vtech: love love LOVE all the news paying this off with DINAR

vtech: things

chattels: ‹@AuntieMame› gn and Godspeed the completion of the Iraqi banking sector reform project.

vtech: the more they keep using the dinar the better for us

vtech: chattels RULES

OOTW: ty auntiemame

chattels: "The only ones among you ( us ) who will be really happy are those who will have sought and found how to serve." - Albert Schweitzer

vtech: how why and for what reason would iraq want to stay with a us dollar worth more then their currency ?

ajay214: lol poppy says he is expecting a rate change this month, but (BUT) he isn't calling it. HUH???

quicktolegit96: OOTW, LOOKING LIKE IN NEXT 30 DAYS? LOL

OOTW: oh good i can get my hair done

OOTW: lol

chattels: each of us shall give an account of / for ourself in this life or the next i expect

chattels: i may be apologetic over my ignorance, but i shall have no shame over it

OOTW: YES, GOOD MAN

vtech: will this finally be our year

chattels: at the end of the day there is neither triumph or disaster if we fight the good fight - both are imposters

vtech: excuse me I asked if this will finally be our year...NOW I want date and amount

vtech: lol

chattels: ‹@vtech› i wish that i knew - Shabbibi said that he did not know, but that even if he did that he could not say, so .....................

vtech: Shabbibi is FIRED

chattels: what can we really hope to " know " ?

chattels: ‹@vtech› my thought / point is that there may be relative variables outside of the control of Shabbibi or whomever and / or that the event is a matter of National Security and we will not know / be told / able to figure it out

chattels: it is the nature of our conceit that we believe that we can with actionable certainty anticipate the conditions precedent or attendant to this event

vtech: I just hope we get told when it DOES happen

chattels: ‹@vtech› or that when opportunity does present itself that we are able to participate

vtech: true

ajay214: ‹@chattels› I like that - I am very ignorant about many things. Some I choose to learn about and much I don't care about. I will always have my character, which no one can take from me. It is my choice to do away with it if I so choose.

chattels: i seriously question why / whether the " haves " will allow us " have nots " to profit from this event in some egalitarian process

vtech: how could it be possible for us NOT to participate

KiwiDoc: ‹@chattels› bingo

vtech: internationally live and we can't exchange ?

chattels: ‹@vtech› not smart enough to discern that which is likely why i am one of the " have nots "

chattels: ‹@vtech› call me paranoid

chattels: call me skeptical

chattels: i am hoping to get lucky or be allowed crumbs from the table

 vtech: has there ever in history been an international live currency that only some could exchange ?

vtech: NO

vtech: Iraq is paying bills right now with what

vtech: in countless articles

vtech: Dinar

chattels: ‹@vtech› query ? suppose that some be " given " value for the currency they hold before that currency is cancelled, i.e., there is no international value / exchange of the currency edition that most of us hold ?

ajay214: I got into this thinking if it even goes to a dime, what a great return. Sometimes things just don't add up for me. People consistently say they can't function at their rate. Ah, they have for more than 10 years. No matter their rate, they still sell a barrel of oil for $60 US. I still believe they are going to do something. What that something is is beyond me now.

vtech: hey are paying in billions

vtech: petro exchange for it out of country would peanuts to them

chattels: is it unthinkable that some may receive preferential treatment and the rest of us left wanting ?

chattels: ‹@ajay214› agreed, 10 cents would be a great return

vtech: wrong .12 would better

vtech: lol

chattels: ‹@ajay214› pensive - i am sometimes optimistic and sometimes pessimistic, but always hopeful :)

ajay214: lol

ajay214: same here

chattels: it is not my intention to " wet " on anyone's parade, but i do think it fair to question aloud with candor and compassion

chattels: each of us must live with our decisions about this venture and the outcome may very well be life altering

chattels: i want neither credit nor blame for my sense of things

chattels: my hope is that whatever the outcome that the quality of fellowship along the way will in retrospect have value for us all

chattels: i have learned much already about myself, others and things that i really never contemplated before

chattels: this is the stuff of life and living

 chattels: we dreamed the dream and we acted upon our hope for ourselves and others

KiwiDoc: ‹@chattels› Amen

TxBrand: well if all else fails... we can get almost 1/2 our money back ( as of right now )

chattels: ‹@TxBrand› not if you have 50 dinar denominations :)

TxBrand: I called an exchange here and they will give me 500.00 per million

TxBrand: like I said as of right now lol

chattels: the arguable worst case scenario may be if other denoms are to be cancelled whether and what value will be offered for them

chattels: ‹@TxBrand› true - at some point before surrender and the abdication of government the confederate dollars became virtually worthless

chattels: will there be such a date for us and will we be able to anticipate it

chattels: i have decided to never surrender - it will be all or nothing for me is my current thought

Tex: ‹@chattels› just saw this ....... blu174.mail.live.com/

chattels: not working for me

Tex: uh oh i'll try agin

Tex: still trying Billboard Most people have no idea what this billboard really means.

chattels: ejdiv@homesc.com

TxBrand: ‹@chattels› not sure what your asking

chattels: is there something that you wanted to share ?

chattels: Tex: ‹@chattels› just saw this ....... blu174.mail.live.com/

TxBrand: ‹@Tex› does it have a website ?

Tex: don't know why it's doing it , I have tried different ways , it is about China comeing out with NEW WORLD CURRENCY Billboard Most people have no idea what this billboard really means.

TxBrand: wow

TxBrand: is this it ? http://ift.tt/1IsUvS0..

Tex: http://ift.tt/1dxhONv...

Tex: THAT is not the same article i was trying to send but it does have some of the same info

Tex: ootw brought and art. today about fiat currency collapse,, this fits with that article.

Tex: ‹@chattels› have You read the ABC article ???

chattels: ‹@Tex› reading now

Tex: ok

chattels: wonder what the date is on that article ?

Tex: Don't know ,, the other things on that page is current news

chattels: In Washington, Federal Reserve Chairman Ben Bernanke and Treasury Secretary Timothy Geithner both rejected China's call for a global alternative to the U.S. dollar's role as the international reserve currency.

chattels: that paragraph is " dated " or past

Tex: I'm sure they would ,, reject it would cost us alot i'm sure. But if this administration breaks us we may not have a choice.

Tex: I listened to a long news story about fiat currency collapes like Greese, he said most countrys arn't far behind Greece.

Post From wealthwatch.world Chat Room

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Millionday News 6-30-15

Millionday News 6/30/15

Welcome to dinarupdates.com for News Time with Millionday!!

Millionday: London: contagious Fayyad acknowledged leader in the Iraqi National Alliance, the existence of «differences and problems have weakened the Iraqi National Alliance», adding that «these differences already ridden relations Shiite political leaders», 

stressing that « Lola Iran for the rest coalition exists ». The leader, who preferred not to be named said the «Middle East», that «the divisions in opinions and attitudes between the National Alliance leaders (which includes parties and movements.

Millionday: Shiite political figures), which is the largest parliamentary bloc in the House of Representatives, It was formed to pay and pressure from Tehran for the purpose of dedication for a third term for Nouri al-Maliki, leader of a coalition of state law, and the former head of the Iraqi government, but the positions of the leaders of some Shiite parties,
~~~

 especially the Islamic Supreme Council, headed by Ammar al-Hakim, and the Sadrist movement, led by Muqtada al-Sadr, and the pressures of the rest of the Sunni, Kurdish and secular parties In addition to the US position that al-Maliki was forced to withdraw by force and not voluntarily », warning that«

Millionday: WHOOPOW -- FORCED TO WITHDRAW -- (MALIKI)

Millionday: The problem is that al-Maliki is still considered himself is the supreme leader or spiritual Prime Minister Haider al-Abadi being the leader of his party (the call) ».

The leader of the Iraqi National Alliance that «Abadi has long complained of Maliki interventions and influence in the government and in the security file being Maliki still has influence in the security services and the army, and even if you get rid Abadi of this influence,

the crowd and popular militias who are fighting with the crowd paper is strong pressure on the prime minister, especially that the leadership of the crowd and the militias do not comply with Ebadi, but

Millionday: NOTE --WOW THIS IS SO FULL OF INFO -- LOVE IT -- WHOOPOW -- LOOK AT MALIKI THROUGH YOUR MINDS EYE ---- NOT GOOD

Millionday: primarily to Iran and head of the Badr Organization, Hadi al-Amiri and the owners and leaders of the militias (Shiite) », warning that« militias (Shiite) pose a real threat to a private government and the security situation General ».

Speaking leader of the National Alliance for the «differences that stand in the way of forming a unified opinion by the coalition leaders», said: «The most prominent of these differences is the lack of agreement on the presidency of the National Alliance, it is assumed that Ibrahim al-Jaafari give up the presidency of the coalition after the receipt of the post of Foreign Minister,

and received the leadership of the Alliance Ammar al-Hakim, but the objections of the State of Law who want to be the leader of al-Maliki coalition forwarded without reaching a solution to this problem, from this side.

Millionday: NOTE THE THREE PRESIDENCIES MEET THIS WEEK TO FORMALIZE THEIR JOB RESPONSIBILITIES

Millionday: THE THING IS THIS THEY HAVE TO MOVE WITH POSITION AUTHORITY

angus: This is as past tense so M is out, if so does this open the doors for the 3 pres. to get things a moving?

Millionday: ACTUALLY THEY ARE MEETING THIS WEEK TO USE THEIR EXECUTIVE POWERS TO MOVE FORWARD THE IMPORTANT LAWS THAT HAVE BEEN POLITICALLY STALLED -- GOOD QUESTION HUN

jarhead: oh u mean they woke up and does this mean that if he gets kicked they will replace him and...how long will that take

Millionday: WE DONT KNOW HOW LONG -- BUT

Millionday: I WAS LOOKING FOR A FORMAL TIMELINE AND IT CAN BE CHANGED

jtank: Who will replace Maliki? any idea? thx

Millionday: SO THIS IS AOTHER ACTION WE WILL DEED TO SEE LOL YW ALL THE TIME --

faith1: can Iraq not move forward with Laws until new pm is seated? because of all the power being given...?

Millionday: STILL LOOKING HUN

faith1: laws and reform internationally..

Millionday: MALIKI IS A VICE SO THEY CAN MOVE FORWARD THE WAY THE SET UP

Millionday: ESPECIALLY IN THE POSITION THEY'RE IN WITH SUCH GREAT NEEDS INTERNATIONALLY/REFORM WISE/AND WITH THE REFORM FOR TRANSITION FOR A MARKET ECONOMY

Millionday: Topped the economic headlines of newspapers on Monday, calls for legislation Islamic banking law and the achievement of the Islamic National Bank profits exceeded {37} billion dinars last year and others ..

Millionday: NOTE -- THE CALL FOR LEGISLATION FOR THE ISLAMIC BANKING WE KNEW WAS DECIDED UPON ACCORDING TO REPORTS RELEASED/PRESS STATEMENTS

Millionday: NOTE -- PRODUCTION ON THE WAY --- WHOOPOW

Millionday: NOTE -- THE LEGISLATION WAS CALLED FOR YESTERDAY TO BE OUT IN PLACE SO THEY CAN MOVE FORWARD WITH THE TRANSITION OF A MARKET ECONOMY WHICH IS CALLED FOR IN THEIR CONSTITUTION

Millionday: claim Baltmwenah document identification violates the law of Basra to discuss the development of the productive qualities of broiler chickens Zora Najib: measures {Central} revive the market and gross domestic product a great leap of the shares of K. + S after the purchase offer of Potash Corp term direct implementing a project to address the problem of bottlenecks on the national network of Commerce Announces marketing more than two and a half million tons of wheat

Millionday: NOTE -- COMMERCE ANNOUNCED THAT THE AMOUNT THEY ARE TALKING ABOUT HERE IN TRADE VIOLATES THE LAW DUE TO THE DEVELOPMENT RESULT THIS IS TO CREATE FOR AGRICULTURE --- THIS IS PART OF THE PLAN TO BOOST THE ECONOMY/REVITALIZE AND RAISE THE GDP --

Millionday: A DIRECT EFFECT ON THE INTERNATIONAL EQUATION

Millionday: WHOOOPOW

Millionday: WOW THIS SURE LOOKS AS IF EVERYONE IS WORKING EVERYWHERE -- VERY EXCITING

Millionday: THE NEXT PARLIAMENT SESSION BEGINS WED

snowhite puffdragon: How productive can they be?

Millionday: SNOW -- WITH THE BEST OF ADVANCES IN THE WORLD BEING THE UPGRADE THEY ARE RECEIVING -- IT APPEARS THEY CAN BE VERY PRODUCTIVE -- IN ONE REPORT TODAY

Millionday: It demanded that the Kurdistan Regional Government, Sunday, the US Senate to play a role in addressing the problems between Baghdad and Erbil, calling on the international community to provide assistance to refugees and displaced persons in the region.

Millionday: The head of the Government of the Territory Nechirvan Barzani in a statement issued today, after meeting with a delegation from the US Senate, headed by the chief of the armed forces in the Council and received by the agency / information /, copy it,

that "the delegation praised the efforts of the Government and the people of the Kurdistan Region and the Peshmerga forces who as well as address to terrorists Daash greeted very large number of refugees and displaced people and provided them with the necessary services.

Millionday: SO KURDISTAN HAS ASKED FOR THE US DELEGATION TO HELP BRIDGE THE GAP BETWEEN IRAQ AND KURDISTAN

Millionday: THIS MAY TURN OUT TO BE PRODUCTIVE IN THE AGREEMENT

Millionday: THE AGREEMENT IS SIGNED AND SHOULD BE THE AGREEMENT OF OIL WE READ SO MUCH ABOUT SO VERY EXCITING

Millionday: WHOOPOW

Millionday: HOLD ON TO YOUR HAT

Millionday: According to an Interior Ministry statement he received "eye Iraq News," that the meeting discuss the mechanics and the stages of completion and the progress of work in the card project, which will hopefully soon after its launch created a cadre of national card Affairs final preparations for it. "

Millionday: NOTE -- THIS IS ABOUT THE MASTER CARD -- IT IS TALKING ABOUT THE FINAL PREPARATIONS FOR ITS COMPLETION

Millionday: The statement noted that Interior Minister Mohammed Ghabban reviewed during the meeting, the stages of completion of the project during the last period represented, with the completion of the workshop exchanged between the Iraqi side and the German port project in Baghdad and Munich, 

which dealt with all matters relating to system project of building restructuring the system to process the supply of services , and the completion of the cadres of the General Directorate of Nationality training courses inside and outside Iraq, and a test Almsenai submitted by the company G & D process and the German was successful. "

Millionday: NOTE -- THEY USED THE CARD IN TESTING AND IT WORKED INTERNATIONALLY

Millionday: He Ghabban "the arrival of shipments of device and equipment for the national card system with the arrival of the first shipments of crude national card, and the specialists at the National Directorate of the card set up special mechanism to call the citizens and explain how their review to the circles in which case the installed chains."

Millionday: NOTE -- THEY HAVE THE FIRST ARRIVAL OF THE EQUIPMENT TO USE THE NATIONAL CARDS IN IRAQ BUSINESSES AND ALSO TO TRAIN -- WHOOOPOW

Millionday: He said, "It will be the start of a virtual environment during the coming period and includes national print card (model) with generating national number Default then start the gradual spread in circles Civil Status."

He noted that "the Ministry of Interior and engaged for a long time on the success of the national card project has spared no effort in that subject because of its great importance to the security and service levels"

Millionday: THIS IS GREAT NEWS ---

Millionday: WHOOOPOW

Millionday: HAVE A GREAT NIGHT AND WE WILL SEE YOU AT RT TOMORROW -- AT 1 EST

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