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Saturday, April 21, 2018

BREAKING NEWS: Iraqi National Program for Economic Reform | Iraq IQD Din...

KTFA: "..They are preparing their citizens for something very SPECTACULAR very SOON..",21 APRIL

Samson:  Newspaper: Iraq has not received one dollar from the contributions of the Kuwait Conference

11:58 - 21/04/2018  
 
BAGHDAD (Reuters) - Iraq's Prime Minister Haidar al-Abadi will not oppose any foreign action by local officials in the liberated provinces to raise funds or get Grants for the reconstruction of their areas.

"The Kuwait conference on donors for Iraq has not achieved any results, and the countries that have announced their donation have not delivered Iraq a dollar yet, despite the urgent need to expedite the relief of the population in those areas," the newspaper quoted a senior official in the Secretariat of the Iraqi Council of Ministers as saying.

"The work is currently limited to international and UN organizations, as well as the efforts of Arab charitable organizations, such as Kuwait and Qatar, which have helped the government provide drinking water and various assistance, , As well as the merchants and the well-being of the inhabitants of these cities also help, but these contributions can not achieve anything on the ground in proportion to the amount of great ruin. "

The official said that "the government will grant large concessions to the local companies that take the initiative in helping the people of these cities and to assist them, within the framework of governmental treatment, including that Abadi will not oppose the visit of members of the provincial councils or governors and local officials to the States Arab or foreign and the door of organizations, to mobilize support and assistance in the reconstruction of cities, and even welcomes such steps by the governments of those provinces.    LINK

BigIron:  So RI your currency like you agreed to. Que the jeopardy theme song.

HoosierGirl:  Exactly!!!!!

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Sunkissed:  This sounds like they are preparing their citizens for something very SPECTACULAR very SOON!

TO ALL THOSE WHO WERE THINKING THERE WOULD BE A 3-letter dirty word here (L___) -- THIS is your PROOF to put that to rest once and for all!!!!!

Please TRUST everything that Frank and teams bring in -- they have NEVER steered us astray!!

This article points to an imminent RI... when? We don't know exactly... but they sure are telling us everything except the exact date! 

Samson:  Central refuses to distinguish between categories of banknotes

The Central Bank of Iraq refused on Saturday, 21 April 2018, to distinguish between categories of banknotes, considering discrimination a legal offense.

The central bank said in a statement to the "obelisk" that "Iraqi banknotes are homogeneous in all categories and have absolute power of absolutism and are accepted by the Central Bank and its branches, banks, institutions and the public."

"The distinction between categories by imposing a certain category on the public or refusing to accept a certain category is unacceptable and is contrary to law," the central bank said.

The current Iraqi currency consists of seven categories: 250 dinars, 500 dinars, 1000 dinars, 5,000 dinars, 10,000 dinars, 25,000 dinars and 50,000 dinars, and the coins were withdrawn by the bank for non circulation by the public.     LINK

EHankins:  Would this be or be a part of the co-existance of currencies?
Since the CBI is saying there is no distinguishing between all said notes... that's co-existing in my wallet...IMO..Hawaii sooner than all may think... IMO.

CBI sounds like a bulldog in that article.

Hey!!!! This is the way it is, and NO OTHER WAY!!!!!!! IMO.

Dena:  I remember hearing.... if we read it , its already done

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Walkingstick:  Iraq looks forward to benefiting from the world's financial experiences

active mobility witnessed by the financial sector locally, regionally and internationallyfor the development of work joints and the development of banking products required by the economy awaits a major work stage represents the banking sector cornerstone of this activity. 

The banking sector continues to experience regional experiences that have been highly successful in the field of finance. The visit of the delegation of Islamic banks in Iraq was positive within Bahrain and its financial and Arab institutions based in Manama during an intensive program organized by the Association of Iraqi Banks. 

Development plans

The Executive Director of the Association of Iraqi Private Banks Ali Tariq said: "The plans for the development of the Iraqi financial sector require cooperation with regional and international counterpart institutions and stand at their successful experiences and benefit from them and the transfer of the banking sector to a new stage where openness to the world will increase knowledge and work to adopt systems that make Iraq is a competitor to the countries of the region and the world in banking services, especially that the training plans adopted by the Association and the competent institutions have created competencies capable of mastering advanced technology  ». 

World banks offer more than 120 products to beneficiaries at different levels, companies and individuals, and perform the work in a field and through personal electronic devices. 

  Prospects for cooperation

 "The delegation of Islamic banks in Iraq, which ended his visit to Bahrain recently, came out with positive results, several of which are the opening of new cooperation prospects, and this in itself will benefit from the contact with banks with sophisticated systems, especially that the other side recognizes the importance of Iraq on the arena of the international economy» . 

Iraqi banks provide about 15 banking products to their public, and thus need to develop their systems in line with developments in the international financial sector. "The visit has witnessed the introduction of eight Iraqi Islamic banks requesting membership of the General Council of Banks and Islamic Financial Institutions in a move to open up to the financial institutions, banking and global, and to establish their presence in the Council, with the aim of starting with advanced levels of cooperation and support the Iraqi banking sector.

A memorandum of understanding was signed between the Association of Private Banks of Iraq and the Association of Banks of Bahrain with the aim of activating cooperation and providing facilities for Iraqi banks and the second with the General Council of Banks and Islamic Financial Institutions.

The Association also prepared a long-term memorandum of understanding with the Bahrain Institute for Banking and Financial Training next period. Developmental mutations in turn between the Director of Training and Management Association in Ahmed al - Hashemi said «regional and international mobility is a necessity, especially that Iraq was cut off from the world for a long period of banking services through which large developmental mutations». Hashemi added that «the visit revealed to the delegation the extent of aspiration of Bahraini banks, which have advanced mechanisms to work to the coming period, and the possibility of benefiting from the Bahraini experience in the field of training.

And administration}. Hashemi pointed out that «the visit strengthened confidence between the two sides, where can be achieved prospects for cooperation between the two sides in the desire to do so between the two sides, and look forward to the parties to strengthen cooperation to the benefit of both.

http://www.alsabaah.iq/ArticleShow.aspx?ID=155889

MilitiaMan:  The way your bring in the past tense is always very welcoming to say the least, WS. It reeks of the completion of things of importance, necessity and benefits.

The witnessing of something is from a perspective that was in process and now done not only locally, regionally but, internationally as well.

Internationalism represents Article 8 acceptance imo. Thus, the training and expertise required to maintain and manage the new systems is going to be an on going part of Article 8 in conjunction with other members that are in similar circumstance and will also benefit, as noted by the memorandum of understanding with Iraq, APB, ABB and the IFA all apparently apart of a General Council of Banks and Islamic Financial Insitutions.. ...

The move up is very telling me that there is MR being completed and at the threshold. imo  ~ MM

Mark: "Concerning Our Exchange"; "Attention Alliance" !!!

Turkey to Repatriate All Gold from US to Ditch the Dollar , 21 APRIL

It's already planned for Turkey to introduce a gold-standard currency along with Zimbabwe. ~ Dinar Chronicles

Turkey Will Repatriate All Gold From The US In Attempt To Ditch The Dollar


by Tyler Durden
Fri, 04/20/2018 - 14:33

After Venezuela, Germany, Austria and the Netherlands prudently repatriated a substantial portion (if not all) of their physical gold held at the NY Fed or other western central banks in recent years, this morning Turkey also announced that it has decided to repatriate all its gold stored in the US Federal Reserve and deliver it to the Istanbul Stock Exchange, according to reports in Turkey's Yeni Safak. It won't be the first time Turkey has asked the NY Fed to ship the country's gold back: in recent years, Turkey repatriated 220 tons of gold from abroad, of which 28.7 tons was brought back from the US last year.

According to the latest IMF data, Turkey’s gold reserves are estimated at 591 tons, worth just over $23 billion. This makes Ankara the 11th largest gold holder, behind the Netherlands and ahead of India.

[url=https://www.zerohedge.com/sites/default/files/inline-images/turkey gold holdings.jpg?itok=pRzwNxBr][/url]

Turkey's gold repatriation come at a sensitive time for Turkey's currency, the lira, which has been pounded, and plunged to all time lows against both the dollar and the euro despite runaway, double-digit inflation in Turkey, as the central bank is seemingly afraid of President Recep Tayyip Erdogan, and refuses to raise rates.

Meanwhile, Erdogan has taken a tough stance against the US currency, criticized dollar loans and saying that international loans should be given in gold instead.

"Why do we make all loans in dollars? Let’s use another currency. I suggest that the loans should be made based on gold,” Erdoğan said during a speech at the Global Entrepreneurship Congress in Istanbul on April 16, according to Hurriyet.

In what some saw an appeal for a gold standard by the Turkish president, Erdogan added that “with the dollar the world is always under exchange rate pressure. We should save states and nations from this exchange rate pressure. Gold has never been a tool of oppression throughout history."

Well, now that Turkey will soon have all of its gold on the ground, Erdogan will be able to launch a gold-backed currency if he so desires. Unfortunately, all signs point to the gold being repatriated only so it can be raided, pillaged and promptly deposited in offshore vaults by members of the ruling oligarchy.

As noted above, Turkey has been one of several countries which have moved their gold from the world's biggest, and most secure gold vault, that located 95 feet below sea level at 33 Liberty Street in Manhattan, also known as the New York Fed.

The repatriation wave began in 2012, when Venezuela announced it was withdrawing all of its 160 tons of gold at the NY Fed, valued at around $9 billion. Germany’s Bundesbank then demanded 300 tons be returned, with the Fed saying it would take seven years to do so; a scrambling Germany was able to complete the process 3 years ahead of schedule. The Netherlands has also repatriated 122.5 tons of gold.

As a result, according to the latest Fed data, the amount of physical gold stored at the NY Fed has dropped to the lowest on record, or 7.819 thousand tons, following a withdrawal scramble that started in 2014 and continued until the end of 2016. After a 15 month hiatus, withdrawals resumed in 2018, with 15.5 tons of gold repatriated in January and February.

[url=https://www.zerohedge.com/sites/default/files/inline-images/Gold NY Fed Feb 2018.jpg?itok=qTItlQjk][/url]

“The central banks started the repatriation already a few years ago, meaning before we had Brexit, Catalonia, Trump, AFD or the rising tensions between the Politburo in Brussels and the nations of Eastern Europe,” said Claudio Grass of Precious Metal Advisory in Switzerland.

According to him, the world is becoming less centralized. “If we follow this trend, it should be obvious that the next step should be an even bigger break up into smaller units than the nation state. With such geopolitical fragmentation comes also the decentralization of power."

DINAR GURUS UPDATE, 21 APRIL

4-21-2018  Newshound Guru Mnt Goat  …we are witnessing something ongoing that we have NEVER seen before and only hoped and prayed for all these years. This is the near end of the “PROJECT TO DELETE THE ZEROS” as we are being told in many consistent articles that the CBI is ready to move to the next step that of the reinstatement of their currency. They are ready to go and put in place all the needed reforms and processes. We could not hope for any better news.  Just the fact that they are talking about the project to delete the zeros once again is music to my ears. It has been so long since we heard anything positive. Now it is here. Let’s see how it all plays out.

4-21-2018   Intel Guru Dr.
 Clarke   Ramadan will Not Stop this.  No Holidays will Stop this.  Maliki will Not Stop this. (or any other candidate)  Parliament in recess till June, will Not Stop this.   Kurdistan will Not Stop this.  Syrian & surrounding rebels, including Iran, will Not Stop this. Opposing Political parties within the U.S. and abroad, will Not Stop this.  The Elections will Not Stop this. HAVE YOU CIRCLED SUNDAY, APRIL 29, 2018 yet?   WE LIKE THIS DATE.  BECAUSE, it’s 2 Days away from TUESDAY, MAY 1, 2018...12 Days Prior to the Election…bringing “MAY Flowers”....and it's a FULL MOON.  We’ve stated before in our Previous 3 POSTS:  “MAY 2018”…MAGIC.  Sleep Well Tonight…   [post 2 of 2]

4-21-2018   Intel Guru Dr. Clarke   The United States Cannot and Will Not afford, a glitch in the system, during the Iraq Elections. They HAVE protected & will continue to protect, their investment - Short Term & Long Term. Quietly.  An RV in Iraq WILL NOT insure a Win for Abadi…because Abadi has ALREADY Won…THUS, why he has allegedly said, he’s going to delete the zero’s, IMMEDIATELY AFTER the elections, MAY 12th, 2018…which is 60 DAYS after March 12, 2018 when they publicly came out and said, the Lower Denominations of currency were being released “In the Coming Days”.   [post 1 of 2….stay tuned]

4-21-2018   Newshound Guru Aggiedad77   Article:  “Iraq to resume payment of compensation to Kuwait”   [Is it just me or is this huge!]   I'M IN AGREEMENT...IMO IT IS HUUUUGGGEEEE... SHOWS IMO...THAT IRAQ IS BELIEVED TO HAVE SOLVENCY IN THEIR FINANCIAL ARENA AGAIN SINCE THEY HAVE DEFEATED ISIS SO THEY MAY RESTART THESE PAYMENTS TO KUWAIT...THEY WERE FUNNELING A LARGE SUM OF THEIR FUNDS TO THE WAR ON TERRORISM NO DOUBT AND BY THE UN AND KW ALLOWING THEM TO POSTPONE THESE PAYMENTS IT HELPED THEM IN A TIME OF BIG TROUBLE...NOW THEY ARE SHOWING THEIR RE-COMMITMENT IN GETTING THE PAYMENTS STARTED AGAIN... ANOTHER PIECE OF THE PUZZLE FALLING INTO PLACE...ALL IMO.

4-21-2018  Newshound/Intel Guru Frank26   Alak and the CBI have been telling you – Boldly!  They are ready to lift the 000's from their exchange rate because they are ready to RI.  They tell you they seek a suitable environment, but you don't need the Hubble Telescope to see they have that already. IMF brags how safe Iraq is. WTO says its a good place to invest.  USA commends Iraq on their security and stability... 

4-21-2018  Newshound Guru Kaperoni  ...We read matter of factly the other day in a news article from Prime Minister Abadi that they expect to open the banking system or engage the banking system with the world directly after the elections so there isn’t anything more clear than that…

4-21-2018   Newshound Guru  EHankins   Article: “Iraq to resume payment of compensation to Kuwait”    Now... if my memory serves me correctly... a long long while back I remember Frank [Guru Frank26] telling us that Kuwait was happy to wait to be compensated until obviously now, because when they do receive this compensation the "value" of the Iraqi dinar would be "STRONGER", of more value. Perhaps this is simply obvious but adds to the "winners" column in our favor. IMO. 

4-21-2018  Newshound Guru sandyf  Question: “IF it WAS $3.21 and we sanctioned them, then WHY can't it go back to $3.21?”  There is a very good reason why not. At the time the dinar was rumoured to be at that rate there was about 20 billion IQD in circulation, that would have put the liability on the CBI at around 64 billion USD.  When the new IQD was introduced in 2003, 6.5 trillion were put into circulation at a rate of 1900/USD, this would have made the liability on the CBI in the order of 3.4 billion USD.  As at the 31st March 2018 the liability on the CBI in respect of issued currency the equivalent of 35.6 billion USD. A revaluation to $3.71 would put the liability on the CBI to about 156 trillion USD, or to put it in perspective, nearly 8 times the US national debt.

4-21-2018  Newshound Guru chattels  I do not believe that the dinar is a scam per se. It was a highly speculative venture that has been impacted by developments / conditions in Iraq, social, financial and political. The outcome was and is unknown…About 22 days remaining before the Iraqi people go to the voting booths.