7-17-13 TerryK: HEARING THIS FROM 5TH 3RD BANKING BUDDY OF MINE … WHAT HE IS CALLING HIGH ALERT. HE IS PUMPED. HE SAID HE GOT A CALL FROM HIS DISTRICT OFFICE ADVISING HIM OF PENDING CURRENCY UPDATES THAT ARE COMING TONIGHT…EXPECT THEM TONIGHT. I WENT INTO WF [WELLS FARGO] TODAY. THEY STOPPED SELLING THE DONG, IN THE BRANCHES IN HOUSTON ANYWAY. IT’S NO LONGER AVAILABLE IN THE SYSTEM TO ORDER.
I WAS INTRODUCED TO THE NEW BANK PRESIDENT. SHE IS FROM NAM. SHE TELLS ME THE DONG IS EXPECTED TO FLUX IN RATE AND I SAID THIS WOW THE IQD? AND SAID THIS AND I QUOTE, “YES THE IRAQ DINAR IS GOING TO CHANGE IN THE NEXT FEW DAYS, BUT YOU DID NOT HEAR THAT FROM ME”. ALL THE BANKERS KNOW OF IT AND KNOW ITS COMING…SHE SAID I WILL SEE YOU IN A COUPLE OF DAYS. I’M HEARING THAT THE DINAR IS 6. 85 AND DONG 2 PLUS RIGHT NOW.

7-17-13 1helton: Went to WF to open an acct. It was on my ‘to do’ list since I closed down my other acct. I sat there talking to the lady who asked me why type of acct I wanted to open. I told her for now, basic, but my needs may change in the near future. I then asked her if WF was a bank the Lloyds of London was offered.
She went to the financial advisor, coming back with the answer of “no” – but there were other types of insurance coverage offered that I could look into. She then proceeded to tell me the wealth mgnt was located on the second fl and they could assist me with anything that I may need.
She then asked me kindly what was the source of money I would be coming into, I simply replied investments of foreign currencies. She then asked me what currencies. I told her Rupiah, VND, and Dinar. I told her I understood that she probably could not talk to me about any of it. Her response…was that when it revalues, no one could say anything for talking about it
She proceeded to open my account as I slipped in questions. She told me they could exchange the currency for me, but they would have to send it off; however, I would be credited the same day for the exchange. She explained that the reason for sending off the money was that in their vault, they are only allowed XXXX amount of foreign currency.
She said that if any came back that was not valid, they would need to remove the amount from my account.
I asked if they had a de la rue machine on site, she said no. I continued with my acct opening, and then asked her at the end if she knew if they had any UST notes, she had to ask – response was no, all FRN notes.

Good evening Family,

Guess who’s coming to dinner………with DELTA? Well……..I guess you already know since I played his recording to you on Monday’s CC.

We are blessed to have a good Team. When DELTA meets with some GOI members next week we will have a lot of questions answered on the progress of Dr. Shabibi’s plan to lift the 000’s of the IQD and return its value to the 90’s so that it increases the purchasing power not only of their country but of their citizens as well.

Let us pray for this dinner that could become a banquet for us to feast on.

I used to give you time frames………but that frustrated the impatient ones at KTFA. I used to give you all of our weekly studies……..but that made patience for the frustration ward. Now……..we wait for the time frame to approach us that we study and then share with you.

What we share has gone through a lot with us and taken to God in prayer. If we make a mistake which we often do…….it is quickly amended and apologized for.

Yet the majority of what we share with you…….you see the evidence of usually in three days.
….
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Sometimes longer………for example…….many times I have told you that Rome was built because of her roadways.

Last week I told you that today’s modern roadways are the air spaces that airlines travel on. Today you see an article that says “The return of Iraq’s air space activity beginning of the recovery of the economy.” So as we saw this approaching ……..we told you that today’s modern roadways are the air spaces and that it would allow Iraq to explode internationally let alone within their country. TA DA!

What if I said………Iraq would never see the keys to their shackles until they lift the value of their currency?

Would you roll your eyes or would you roll out all of the evidence since CH7 has been lifted that makes it very clear the AoP are still in control of Iraq regardless of their international status that has just been given to them.

I also said once the cage is opened……..where is the logic in not taking advantage of this freedom? What Team and I are constantly seeing that articles cannot convey is an exponential growth in every facet of Iraq.

The government has become the bride to the CBI which will groom the monetary reform of their currency. The GOI NOW wants this too. That’s logarithmic growth!!!

Kuwait tells the UN………oh just lift CH7 and let them pay the 11 billion USD to us later. So they did. Crystals don’t grow that fast overnight.

It is the last and only remaining issue with Kuwait. People think once this is paid the file will be closed with Kuwait. Nope…….it was closed when they lifted CH7.

Kuwait wants Iraq to do more than Kuwaiti airlines so they bend over backwards and tell the UN there is an urgency to make money with them.

Articles can be helpful and they can be hurtful. Today I noticed many pictures from the country of Iraq. Sure paints a different story doesn’t it?

May I encourage all of you to continue posting these pics as they paint the true mood of Iraq’s future. Infidels? No……….heroes is what we are to Iraqis and …………GOI/CBI – M = international economic expansion.

The stage is set to introduce a new rate for the IQD. Najafi confirms the support of parliament directly to the CBI in order to control the IQD’s exchange rate. This is an invitation to a wedding between the GOI and the CBI without the in-laws.

The ISX is connected and not just electronically to the world that wants to make money with her.

Nobody in the world wants to make penny stock returns with the ISX. LOL………how ridiculous is that?

But they all position themselves giving a penny for their thoughts of the astronomical growth and financial potential that is about to come via the ISX.

To position one’s self avoids a loss of money in the near proximal future. The auctions at the CBI are moving the dinar………they phase out the USD. Iraqi banks are positioned with new back up capital to meet Basil 111’s compliance’s. Is there a surge going on? You better believe it.

Then ………minus the confusion of some on our forum……..more progress comes in today.

World Bank praises the draft reform of the banking sector and financial control of Iraq’s banks. After DELTA had his dinner last night with you know who………he calls and says the auditing is done at the CBI.

You know…….the last one. He went on to say that the World Bank is happy from this final report. CBI received a letter from the World Bank that commended them on the reports they received from an international auditing company. Family……..have you ever been audited? Do you remember the reason why? Good.

Now do you remember how you started fresh with the IRS once this audit was done especially if the IRS was smiling back at you?

This audit may only be a draft but there is nothing cold about it. It is a progress in the direction of adding value and power to the IQD.

When the World Bank read the report not one frown was to be found. The WB liked what they saw. So did DELTA as they served dessert. But wait Frank didn’t you and DELTA say that this luncheon would occur next week?

Okay. By the way………the WB also did a report on June 30th. IMO…….you should combine both of these to understand better.

As we shared with you Family there are many laws that are important but I doubt that someone can give me the sequence of importance.

So with respect may I suggest that all laws being passed right now are essential because they are part of the lava flow………the monetary reform process.

But I will encourage you to focus on reading all you can about the HCL. Yes accountability and justice law would please the demonstrators along with the Amnesty law but we feel strongly that the HCL supersedes all other laws right now because it’s directly for the people.

Join me tomorrow Family……I will do another Blue Post. I am supposed to go to sleep in an hour so I will leave you in peace for now. Besides……..I talk too much.

As always I leave you with my Christian love and Aloha and ask that you take care of each other with prayers and fellowship. I trust in the Lord that all will be well tomorrow with my procedure and operation.

I also thank all of you for your precious prayers that have motivated me and lifted my spirit. Guess who’s coming to dinner? Not me…….the doggone doctor won’t let me eat tonight. Bozo…..LOL.

That’s as funny as somebody telling me the GOI will not have a session tomorrow because it’s too hot. LOL………..they are running out of things to tell you Family. LOL.

KTFA,   Frank

[..okieoilman] GOOD WEDNESDAY NIGHT AMERICA, SHIPS AT SEA AND ALL OUR WORLD WIDE FRIENDS. NEARLY ON A BI-WEEKLY BASIS OR SOMETIMES DAILY I AM REQUESTED TO PUT OUT A FOREST FIRE SOMEONE ELSE STARTED.

WELL MY LITTLE RED FIRE TRUCK IS NEARLY OUT OF WATER. I WAS FURNISHED A RECORDING TODAY OF A NATIONAL RADIO PROGRAM THAT EVIDENTIALLY AIRS DAILY.

ON THIS PROGRAM WAS A CURRENCY DEALER THAT I CONSIDER TO BE AN HONORABLE, MAN OF INTEGRITY, AND STANDING. HE IS ONE OF THE LARGEST CURRIENCY DEALER’S IN AMERICA.

HE WAS ON A Q&A PROGRAM RESPONDING TO QUESTIONS POSED BY THE LISTENERS. WHILE I HIGHLY RESPECT THIS INDIVIDUAL I MUST ADDRESS THAT HE IS EITHER MIS-INFORMED OR DOESN’T COMPREHEND THE SIGNIFICANCE OR DIFFERENCE BETWEEN AN R/V AND A PRIVATE EXCHANGE AGREEMENT.
….
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THE ADVICE AND ANSWERS HE GAVE TO QUESTIONS POSED DID NOT ENCOMPASS THE ARRANGEMENTS THAT WE AS A 800 NUMBER GROUP ARE PRIVED TOO WITH WELLS FARGO.

I THINK BY NOW WE SHOULD ALL REALIZE THE DIFFERENCE BETWEEN GOING TO JUST ANY BANK AND THE BENEFIT OF UTILIZING THE 800 NUMBER FOR THE ABSOLUTE HIGHEST RATE OBTAINABLE.

 I LISTENED WITH AMAZEMENT TO SOME OF THE RESPONSES REGARDING DIFFERENT SITUATIONS BEING POSED AND THE MORE I LISTENED THE MORE CONVULATED AND CONFUSED I BECAME .

WHY WOULD ANYONE AT THIS LATE HOUR WITH ALL OF OUR BACKGROUND INFORMATION FURNISHED PREVIOUSLY EVEN CONSIDER EXCHANGING THEIR CURRENCY WITH ANYONE OR ANY BANK THAT CAN’T EVEN MEET MUCH LESS BEAT WELLS FARGO’S PRIVATE EXCHANGE GROUP THAT WE THAT UTILIZE THE 800 NUMBER CAN RECEIVE?

I MYSELF WILL BE EXCHANGING AT A WELLS FARGO BANK AND WILL RECEIVE THE HIGHEST RATE POSSIBLE–I HOPE YOU ALL DO THE SAME–NUFF SAID——–BLESSINGS

[..okieoilman] I HAD PLANNED ON LANDING SEVERAL NIGHTS AGO BUT COULDN’T GET CLEARANCE

[shatterstar] okie do you have an estimate for landing? I thought this was going to be done like days ago…

 [..okieoilman] SHATTERSTAR–MURPHY’S LAW SEEMS TO NEGAITE LANDING DAILY

 [masterT] OKIEOILMAN.are you at the other marker??

[buddydog] ..okieoilman ..okieoilman IF we exchange ONE 100,000 VND will that preclude being able to participate in the group rate with WF???? Please and Thank YOU1!!

 [shatterstar] ..okieoilman I see that…LOL We need to find murphy…

 [..okieoilman] BUDDYDOG–I WOULDN’T WRITE THIS ON THE FLY LEAF OF MY BIBLE BUT ACCORDING TO MY UNDERSTANDING THE 800 NUMBER CAN ONLY BE UTILIZED ONCE–HOWEVER–CAN’T YOUR KIN CASH THIS FOR YOU WHERE YOU CAN TAKE ADVANTAGE OF THE 800 RATE

[LaGal] ..okieoilman Can you confirm that we need to have 2 accts…one for VND and one for IQD thankyou

[..okieoilman] LAGAL THAT WAS PROPOSED CONTINGENT ON A TAXATION ISSUE THAT HAS YET TO BE DETERMINED (BECAUSE VND WAS AN EXISTING RECOGNIZED CURRENCY)

[sherry ann] ..okieoilman .. YOUR THE ONLY PLIOT I KNOW THAT CAN FLY A PLANE AS LONG AS YOU HAVE WITHOUT REFULEING!!!!!

 [..okieoilman] SHERRY ANN—FUELING ISN’T A PROBLEM–DRAINING EXCESS FLUID IS

 [mickey29] ..okieoilman are we still on asn time frame sorry if already ask just came in

 [..okieoilman] MICKEY29—AS YOU SAID–ASN—-YES

 [js86901] okieoilman do you anticipate landing soon and have the issues been cleared up?

 [..okieoilman] JS86901 ISSUES THUS FAR IS COMPLETED——–UNLESS SOMETHING ARISES UNKNOWN AT THIS TIME

[shatterstar] ..okieoilman Do you have an update for where we are at, and why we keep getting delayed by Murphy’s Law?

[..okieoilman] SHATTERSTAR–THAT IS THE QUESTION OF THE DAY—-I WISH I KNEW

[..okieoilman] I HAVE LEARNED THAT ADDITIONAL COUNTRIES HAS JUST RECENTLY CAME ON BOARD FOR THE GLOBAL RESET–PERHAPS THERE IS THE TIME LAPSE THAT WE HAVE EXPERIENCED. I THINK NOW ALL COUNTRIES INVOLVED HAS COMPLETED NECESSARY ARRANGEMENTS AND AGREEMENTS

[..okieoilman] ON PHONE

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

[..okieoilman] AS I AM TOLD PROCEDURES ARE BEING INITIATED AS I TYPE THIS. HOWEVER—I HAVE BEEN TOLD THIS BEFORE. WE ARE AT THE MERCY OF THE ELEMENTS AND CAN ONLY WAIT FOR AUTHORIZATION.

[..okieoilman] IF THE EVENT EVER OCCURS DURING CLOSED HOURS I WILL CALL SAMBO TO OPEN THE ROOM–I AM NOT BEING PRESUMPTIOUS JUST CAUTIOUS AND AM NOT SAYING TONIGHT IS THE NIGHT. HOWEVER INFORMATION FURNISHED IS STILL VERY POSITIVE FOR ANY TIME FROM NOW ON.

[..okieoilman] I AM NOT THE ENGINEER, I DON’T DRIVE THE TRAIN, I DON’T RING THE BELL –BUT LET IT JUMP OFF TRACK AND SEE WHO CATCHES HELL

Is this Floating Orbit of exchange that Iraq is using by means of the CBI daily auctions coming to an end?

To understand when, how and why the CBI started these auctions please read this:

http://stryker10.forumchitchat.com/post/To-You-Understand-the-Currency-Auctions-Read-This-The-Foreign-Exchange-Auction-In-Iraq-%28CBI%29-6431662

Here is an article that helps us understand and may even give some of us a clear answer of YES!

http://translate.google.com/translate?hl=en&sl=auto&tl=en&u=http%3A%2F%2Fwww.almowatennews.com

Specialists warn of causing the continued volatility of the local currency against the foreign currency higher rates of inflation in the country

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  I have provided quotes from it to help make my point.

QUOTE: that the circulation of foreign currency-sized return for the withdrawal of the Iraqi dinar led to high inflation in Iraq

OK, I will add the word (in) to make it easier to understand:

QUOTE: that the circulation of foreign currency-sized (in) return for the withdrawal of the Iraqi dinar led to high inflation in Iraq

The reason that the currency in circulation numbers (M2 growth (YoY): JAN 2013 8.43%) have increased over the years according to the CBI website is because they must keep up with salaries, etc..  Dinars must get into the market by these means so they can be used to purchase the dollars through these daily auctions right, right.

Petrodollars go into Iraq from oil sales so then they must leave by the way of these auctions for the use of purchase of imports, etc …

It is depleting the market of both hard dinars and electronic dinars. The real question that no one can tell us is, what is the real number in circulation in country? If it is real low after one of these mega auctions like on Monday, people are forced to use the dollar thus inflationary issue happen like they are talking about here.

The higher the auctions the more dinar it takes to cover these auctions:

QUOTE: central bank auction of foreign currency in Large led to a large movement of cash produced inflation

QUOTE: caused by a factor New cash large compared to little benefit for the national economy   It is a cycle to artificially control inflation but it does not work anymore and the figures that the Minister of Planning and Development are not fact:

QUOTE: Not that these indicators are considered speculative and are not indicators of the fact.

So what does this mean?

Well it is another indicator that change is needed because these auctions do not seem to be working any longer to control inflation according to Director of the Association of private banks Abdul Aziz Hassoun.

Three big auction days so far this week starting with Monday at $356,842, Tuesday $268,659 and now today at $283,553

Monday was one of the largest days on record I believe, so what to do?

It is obvious that they need change but until they have stability they cannot implement currency reform.

The management side has finally come together, meaning the top leaders of the country Prime Minister Maliki, President Barzani and Speaker of the House Najafi. This is great as it gives a real perceived impression that they have finally decided to work for the good of all Iraqi’s, the world currency speculators and investors love a good management team.

But until they have their laws reflect the stability we wait, IMO.

So to summarize:

Inflation is starting to rise and that must never get over 10% or that brings yet another crisis in to play.

We/they know they need to implement currency reform because the old way is coming to an end

We/they know that things need to be in place before they can get their international status back

They need a few more debt issues resolved before they can really control their funds and without control of their funds they can’t implement currency reform. You can’t be international but yet have your funds protected.

These auctions are controlling an artificial economy which is meant to control an undervalued rate and an artificial inflation number but both are not working out under this framework any longer. Iraq is having a hard time controlling the market rate and had to add another day to the auctions, they now operate 6 days a week as of several weeks ago.

Thursday (tomorrow) will be interesting if we/they finally see these stalled laws come in front of parliament.

These are just my views and are meant to be taken that way, it is up to you to come up with your own opinions.   Have a great day,  Stryker

    [millionday] there is no way to learn the entire process of the changes they are implementing so just know that they wanted it at 1166 and that is a good thing due to their planning we have been able to see and that is why the auction was large

    [dinarmamma] The s family yes confusing

    [faith1] so they can now move from 1166 ,, is that what you are saying??

    [millionday] the rate it is now is imposed — the real rate is figured by gdp and all reserves and resources — for instance the gold bonds commodities ect ect

    [millionday] yes

    dinarmamma] Thank you millionday I feel better as long as its good for us

    [millionday] right me too — as long as it is good we like it — sounds good to me smile

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     [dlherm] Millionday. Yes but it is because they chose to have it pegged to usd. So that it wouldn’t fluctuate in country and cause massive inflation!

    [millionday] i am sure some of the economics of this entire thing are very confusing but we try to bring the changes and the updates as best we can to keep us updated in all arenas to do with this process —

    [anthonlcs] IMO…understand that people are wanting the dollar…so the problem is…1166 would purchase 1 dollar..with market rate it was costing the Iraqi people almost 1300 dinar to purchase 1 dollar…creating inflation and hurting them…they are trying to get the market rate the same as CBI rate to show stability

    [millionday] i hope that none of you ever walk away confused so please ask anything you want to know

    [The s family] When are the stars, moon and planets going to line up for the rv?

    [millionday] of course i dont have the rate and the date —

    [rollonjohn] millionday I appreciate your explanations as well!

    [millionday] now when they adjust the cost of living that will confuse the heck out of ya  lol

    [The s family] You would think there is nothing but benefit for them to rv…..

    [millionday] i agree — the rv is a huge benefit for them — i mean huge —

    [letsroll] dlherm ..and we can thank Dr. Shabibi for his sound economic plan….. ( pegged to the dollar)

    [millionday] for the world to have respect and confidence for the dinar

    [dlherm] Letsroll. Yes he is an extremely smart man!!

    [millionday] that will bring in much needed jobs and money and also the rollers will play the stocks and win obviously and the money rolls down hill so the country will gain

    [faith1] so if they get the market rate to 1166,, realized and not artificial,,, they can then adjust to reflect their resources and move forward in their growth plans??

    [anthonlcs] The s family They need to make sure all laws in place because trillions of dollars coming…Its going to be crazy as soon as it RVs….need everything in place….This is coming

    [The s family] Which would mean it is a little while off.    [The s family] ?

    [anthonlcs] The s family I believe a few laws away…could have it done behind closed doors anytime…just my opinion

    [millionday] The s family they have one shot at this and it has to be right and audited and implemented perfectly — i think they are ready and they say they are so we shall see

    [millionday] faith1 right

    [The s family] sorry, jus frustrating

    [millionday] no problem hun   the thing is this

    [anthonlcs] The s family sorry if i ma adding to your confusion..i need to shut up…lol

    [The s family] your not..

    [myblifeguard] millionday ..still…we have more sources of confirmed positive than all the gooroos have produced in several years!! That’s a good sign…

    [millionday] if they met with the world bank with all of their auditing figures and preparation ect and it was accepted then we would not think that they are not ready

    [faith1] Ty u all …

    [millionday] it is costly to do all of the things they are doing and it could ruin them to do them multiple times   just placing the customs in place is a billion dinars

    [millionday] roundtable is for all of us to talk — please know that we want you to participate

    [onthewings] Thank you everyone who contributes to this round table and offers articles and opinions as to what is going on and where we are in this investment millionday you rock hun thank so very much !

    [millionday] the smartest man i know told me something one day that stuck with me — the smartest person in the world is the one that knows how to say , “i dont know”

    [gpleas] Millionday do you think Tukki is the holdup governor of CBI

    [The s family] I guess I’m super smart then

    [millionday] no one can know all about everything so don’t feel as though anyone can expect you to know all about everything and if they do — they are really fooling themselves of who they are as a person

    [gpleas] Millionday do you think Tukki is the holdup governor of CBI

    [The s family] I guess I’m super smart then

    [millionday] no one can know all about everything so don’t feel as though anyone can expect you to know all about everything and if they do — they are really fooling themselves of who they are as a person

    [millionday] i think that turki is completing things that have to be done in his position

    [WJJ] what does the “the process of deleting the yellow of the coin” mean?

    [LBnFL] I doubt that any one person is holding this up. We DON’T KNOW what we don’t know, so there is no way to tell exactly what needs to be done.

    [millionday] i dont think he is holding things up — i think he is moving them forward as planned — we just dont have the date

    [millionday] WJJ can you show me the context?

    [WJJ] it was in an article hang on I’ll find it

    [millionday] thanks hun

    [The s family] It seems as though they said that the lower denoms would be out in June or July??? Right

    [millionday] yes

    [The s family] Which gets our hopes up, but they don’t always keep with those statements either

    [millionday] right — they will redenominate when they are ready — they have said july in many statements and they have said they are ready now but we also know that we are waiting for them to move forward — the goi is demanding it and economists are begging for it — cbi has met with world bank and they approved their reforms but anyone that tells you they know when exactly is lying

    [wmawhite] millionday …….it appears that many of us think this is held up only because we think Iraq is on our schedule. To date, I do not remember Iraq telling us what the date is.

    [millionday] we are doing our best to keep it real and in ink so we dont make things up and dont mislead anyone

    [anthonlcs] The s family My opinion on Turki…not sure that he is who the cental banks want in there….hopefully he is continuing to get input from other central bank governors like Australia and Germany to help him proceed correctly…still worried he is trying to follow CBI and Malikis plan…not sure which…

    [millionday] exactly — many ask what the hold up is and i have to say it always makes me think of a dear friend of ours , joe p , he stated what is saying it is a hold up — what about that it is on the right time and the right schedule — all if this could be right on time — we just dont know what the time is — love the way he put things

    [The s family] I appreciate that you don’t mislead people

    [dlherm] It will be done in iraqi time which is not the same as ours!!

    [anthonlcs] IMO..Im not sure there is a schedule of dates…just trying to get things done…and when they are done they will RV

    millionday] thank you hun — i have to say i try very hard to only say things that i have seen in print — of course i get excited too — and this is very exciting right now we would have to be blind to not know that but some get over excited or just grab what they like to read and dont address the negative things — i try and we as a team try to being it all and that way we arent going through this blind

    [millionday] i dont see any more news out that i feel is important to us right now  ] does anyone else have anything   i have been told we will be loaded tonight with news

    [WJJ] millionday here is where I found the reference to deleting the yellows of the coin -Committee member agrees deleting zeros is a positive, restores the currency; However politics could delay such law until 2015 Posted: July 17, 2013 in Iraqi Dinar/Politics Tags: Central bank, Central Bank Iraq, Chapter VII of the United Nations Charter, Currency, Iraq, iraqi, Iraqi dinar, United States Senate Committee on Finance A member of the parliamentary Finance Committee Hassan Salman al-Bayati, Wednesday, that the process of deletion of zeros from the Iraqi currency is positive and important and will respond account of the Iraqi dinar “ Al-Bayati said in a statement to / Baghdadi news / “The process of deleting the yellow of the coin is of great significance in the advancement of the Iraqi currency, especially as most of the political blocs in favor of this process, but for the sake rated due attention to security conditions and legislation important laws in the country” “The vote on this law in order to year / 2015

    [millionday] so make time to be here and expect it to be a little while

    [millionday] thanks hun lets read this

    [anthonlcs] here is just news….Arab Tourism Capital 2014 “look beautiful” six billions dollars is to attract 4 million tourists Author: Editor: BK, RS 17/07/2013 17:53 Range Press / Erbil Confirmed management Erbil province, on Wednesday, tunnels six billion dollars during the past 2012 the past, and 2013, the current, on the development of infrastructure as well as foreign investment, large flowing in the same area, and revealed and developed a plan to attract four million tourists over the next year, while counting the official that the choice of Arbil, the capital of the Arab Tourism for the year 2014 was a “great asset” for Iraq, noting that efforts are continuing to secure the requirements of this event.

    [faith1] cbi did meet with world bank ?? !!

2:36 PM [millionday] if they met with the world bank with all of their auditing figures and preparation ect and it was accepted then we would not think that they are not ready ,..,, then

2:45 PM [millionday] right — they will redenominate when they are ready — they have said july in many statements and they have said they are ready now but we also know that we are waiting for them to move forward — the goi is demanding it and economists are begging for it — cbi has met with world bank and they approved their reforms but anyone that tells you they know when exactly is lying . AGAIN,,, cbi has met with world bank and they approved their reforms ,,, seems to me we are in the middle of it,,, and they are showing and telling… JMHO.. as confusing as it gets,, It’s also exciting…

    [WJJ] millionday so I was wondering if anyone knew what it meant

    [millionday] WJJ that sound like they are referring to the new currency series

    [anthonlcs] Swiss company ABB wins contract to build four plants to electricity transmission and distribution Kurdistan worth $ 30 million Author: HAA Editor: AHS 17/07/2013 17:47 Range Press / Baghdad Company announced ABB Swiss specialized projects, electric power, on Wednesday, won a contract from the Zagros to build four new plants, transmission and distribution in the Kurdistan region, while confirming that the contract value of up to $ 30 million, noting that these stations is working to add 600 megawatts of other energy Electric province.

    [WJJ] millionday I see

    [anthonlcs] When it RVS…kurdistan will rocket to the top!!!

    [WJJ] millionday thanks I’ll need to think about that a bit

    millionday] WJJ it also could mean the bad opinion of the dinar itself — have you tried to translate it through another translator ?

    [WJJ] millionday it came up with pretty much the same thing ] I’ll see if I can find other references

    [faith1] millionday in article ,, i think yesterday they were talking about their credit rating…. also articles addressing paying Kuwait,,, do you think if they pay Kuwait (11 bill) will improve their credit rating?? Or does it have anything to do with being able to RI/RV

    [millionday] faith1 yes they have met with world bank and the report was the first thing i brought in today — when Rudie posts it you will see it on there first

    millionday] WJJ i not seen that on anything — very strange — the yellowing of the coin? sounds like a slang reference in our language

    [WJJ] millionday kind’ve what i thought to since I’ve not seen it before either  i thought at first the may have been talking about the smaller denomination coins in IQD and fils

    [millionday] faith1 the credit rating will improve by upholding agreements and i am not sure if that particular payment will raise the rating from a “B” but they do need to move forward and pay them — i thought that their reserves had diminished enough to cover it but it looks as if they have not after new research i did to ensure it — they need to pay them to comply with chapter 6

    [dlherm] Millonday. Could yellowing be referring to gold?

    [millionday] WJJ right me too —

    [millionday] dlherm it could but i need to look it up and see if i can research it

    [millionday] ok lets wrap this up and see you tonight at news time

    [millionday] belabun has alot to bring as well — i guess she got busy at roundtable so dont go anywhere — lori and her both have some news they have found this morning

   [wilbur48] “Nijaifi expressed the readiness of the parliament to support the CBI and its current administration to control the exchange rate and serve the citizens,” the statement added, noting that “The two sides have also discussed the procedures that the CBI will follow after relieving Iraq from the Seventh Chapter of the UN’s Charter and lifting the US protection to the Iraqi funds.” “Nijaifi called to form a committee to follow up the procedures of the indebtedness of the Iraqi funds after lifting the US protection to the Iraqi funds,” the statement concluded. /End/

    [tiger_ag] i see what you doing there… there are actually 2 one is white and the other is red ext black interior

    [CaliDreamers] millionday Do you think when the HCL goes into effect that the RV will happen??

    [myblifeguard] LBnFL ….The Meridian and TBM 850 are nice too

    [schmidtberger] tiger_ag …who, me???? alm:

    [CaliDreamers] and does the BIS have the final say on the release of RV?

Read More Link On Right

       [bluedog2] CaliDreamers what is BIS?

    [Fresh] bluedog2 Bank of International Settlements

    [bluedog2] Fresh Thank you!

    [Fresh] CaliDreamers I think CBI initiates release before any other agency, etc IMO

    [CaliDreamers] bluedog2 I believe it is the world bank in Switzerland

    [millionday] i cant find the law on the taxation but can summarize

    [faith1] Love this…. 1:38 PM [wilbur48] “Nijaifi expressed the readiness of the parliament to support the CBI and its current administration to control the exchange rate and serve the citizens,” Serve the Citizens LOVE IT !!

    [millionday] i guess i cant summarize — all i got is the consumer will be taxed on gains but that is not all of it — i will try to find it for tonight hun

    [onthewings] millionday will the law on taxation delay the rv ?

    [millionday] no

    [The s family] Million why is the cbi audit significant? Or is it not

    [millionday] the law may have been because of it and a way for the us to make money which would not be shocking — due to the way it was written even a laymen could find loopholes so it may have been due to it coming

    [millionday] The s family final fiscal year accounts at one rate and then moving forward to another would demand an audit

    [onthewings] millionday What about a delay in the implementation of the customs law ? would that delay the rv ?

    [miraclehands] millionday is it in your opinion possible to RV in July or do you feel we will not see it till later on?

    [millionday] onthewings no it would not delay the rv — it would speed up the customs for that coming in other then through free trade zones ect — they will be a huge trade center and are expected to soar the middle east and

    [millionday] remember they are building that massive historical road to Europe — i would like to find an update but i am sure some of you remember when that plan was laid out — massive

    [anthonlcs] millionday Im glad to see that ramadam hasnt slowed a thing down! Seems like good news everyday!

    [onthewings] millionday I am so happy to hear that !! ty vm

    [millionday] me too — i remember years ago we thought the whole country stopped during ramadan — goodness we have learned a lot  smile

    [anthonlcs] millionday lol

    [anthonlcs] millionday exactly

    [millionday] i can remember many reporting that no one works and all money exchanges stops — had to laugh    smile     brb with more

   [millionday] While revealed that the reserve bank amounted to $ 76 billion in May last year, counting that out of Chapter VII would give Iraq “more freedom” to act and attract foreign investment. calls for a member of the Economic Commission representative, to the need for “multiple revenue estimated reflected on the economy and not on the availability of cash reserves large,” and continues that this “evolution in oil production and reserves, the central bank must be reflected on the lives of the citizens, because the country still has a large proportion of the poor and low-income and high unemployment, crisis housing and the deterioration of agricultural and industrial sectors. “ and sees Abtan, that “Iraq does not suffer from the crisis of funds but from how to manage money, causing paralysis of the Iraqi economy,” and calls for “Bank of Iraq the central need to take quick steps to delete the zeros from the national currency.”

    [millionday] and is a member of the Economic Commission Parliament, that “the reserve that exists in Iraq and put the current economic is not commensurate with the size of the local currency and value that contains the number of zeros, and the current currency does not befit the status of Iraq and strengthen the economy.”

 Daini: out of Chapter VII made ​​it necessary to delete the zeros For its part, says a member of the Economic Commission representative, Nahed al-Daini, in an interview to (range Press), said that “the deletion of zeros from the currency became a reality, especially after the withdrawal of Iraq from Chapter VII of the Charter of the United Nations.”

And remember Daini, that “the Economic Committee of the Council of Ministers were wary in the past of the deletion of zeros from the currency of many considerations, “and turned out to be” out of Chapter VII made ​​it necessary to delete the zeros to be of the Iraqi dinar absolutely privacy

    [millionday] and calls for a member of the Economic Commission parliamentary political forces and stakeholders “Leave excuse the wrong time, which taken as a pretext to stop a lot of decisions which, if applied to have contributed to the recovery of the Iraqi economy significantly, “and stresses the need to” adjust the border crossing points and the adoption of the law of customs tariff and reset the currency and the implementation of the Consumer Protection Act for the advancement of economic reality. “

Najib: The project requires a real will to that says member Finance Committee parliamentary Najiba Najib, in an interview to (range Press), “The Commission did not discuss with the Iraqi Central Bank Multi deletion of zeros from the local currency after assuming Abdel Basset Turkish presidency,” and explains that “the Finance Committee parliamentary pending claim CBI to discuss with him in this matter.

    [millionday] note — in other words — enough talk all ready

    [millionday] Search head of the Islamic Supreme Council Ammar al-Hakim with the Emir of Kuwait Sabah Al-Ahmad Al-Jaber Al-political situation in Iraq and the region in general.

According to the Kuwaiti news agency on Tuesday: The Emir of Kuwait Sheikh Sabah Al-Ahmad Al-Jaber Al-Sabah and Kuwaiti Crown Prince Sheikh Nawaf Al-Ahmad Al-Jaber Al-Altqa head of the Islamic Supreme Council of Iraq Ammar al-Hakim

    [millionday] He praised the Kuwaiti Crown Prince: the efforts of al-Hakim in the “convergence of views between the political leaders in Iraq and the unity of Iraq and the consolidation of its pillars,” and expressed the hope that “prevail in safety and security and stability in Iraq to back Iraq’s civilization united bright.”

Ammar al-Hakim had arrived yesterday to Kuwait in a several-day visit during which he will meet with senior Kuwaiti officials to discuss relations between the two countries and the latest developments in the region.

    [anthonlcs] Somebody was asking about whose responsibility it was to raise the value of the IQD..

    .Heres a new article….Economic: Iraqi dinar exchange rate stability the Central Bank responsibility | On 2013-07-17 | Writer Eman Kassem Alalam The Commission on economy and Investment Bank representative to ensure the stability of the dinar exchange rate to foreign currencies the alara is the responsibility of the Central Bank of Iraq.

The Central Bank has promised to take action to lift and stabilize the dinar as before but the decline of the dinar is still erratic in the Iraqi market to fall and rise.

    [anthonlcs] He said the Commission’s decision in a statement Khalil mehma: “that the Central Bank is obliged to keep the exchange rate of the Iraqi dinar and sovereign balance must be preserved and feature in the Iraqi economy that is expected to be Iraqi dinar economic identity in the region that Iraq economic OASIS and its promising economy.”

he noted that “the Iraqi dinar exchange rate depends on the Iraqi Central Bank and political task of maintaining the value of the dinar which is built on the basis of the price of a barrel of oil and the price of the US dollar a [166] he added dinar [13] DT Commission became 1199.

Khalil said that “price is still erratic and stability is through control of the movement of the dollar and the market may not be balance in 2007 Iraq 10 billion dollars and exchange rate 1200 and today our $ 76 billion and five years after the exchange rate remains the same, this is not permissible and is unreasonable.”

    [anthonlcs] The Iraqi Central Bank issued new instructions to stabilize the exchange rate of the Iraqi dinar against foreign currencies through weekly quotas for banks and money transfer companies and will increase and reduce the quota for each delivery commitment amounts that customers of citizens. http://www.microsofttran ··· d%3D2599

    [millionday] thank you hun — now i have something that goes with that from last night  brb

    [millionday] someone asked me why the high auction on Monday let me address this before i show you — the plan that was released for the dinar and their rate economy ect by shabibi had referred to the program rate to be 1166

    [millionday] many of us remember that and it can be found on cbi site pages 43 through 48 of a document of 119 pages i believe was the total but  this tells us that the plan had the first half of the year at 1166 and then the new rate for the next half —    [millionday] here is what i have on that auction

    [millionday] Sales rose Iraqi Central Bank of the dollar in the auction sale and purchase of foreign currency on Monday to 356 million and 882 thousand dollars, after that on Saturday reached 182 million and 488 thousand dollars, a stable exchange rate was 1166 dinars per dollar.

He said the central bank said in a statement today that the demand for the dollar distributed by 78 million and 125 thousand dollars was sold in cash while the value of the amounts sold form of remittances 278 million and 717 thousand dollars, select the price to 1179 dinars per dollar, and the purchase price cash of $ 1171 dinars. ”

And participated in the auction currency today 24 waged, banks. He ruled out $ 62 million and 871 thousand dollars of banks participated in the auction, for the purposes of auditing and other services related to combating money laundering, as well as various other reasons

    [millionday] so the huge auction was to adjust the exchange rate to 1166 by what i have found

    [millionday] very nice

    [booboo] I thought it was 1166 already

    [millionday] so we have iraq in kuwait for a few days — the world bank approving the monetary plan and the banking reform documents from cbi and we have the un meeting yesterday and commending from kuwait on the relations with iraq and we have the auctions monday bringing it to a rate of 1166 which we would hope to see

    [millionday] must not have been

    [millionday] so the meeting with and the acceptance of the documents from cbi make us happy — and obviously make them happy too — smile

    faith1] I don’t understand,,, thought it was 1166 ?? sorry I’m confused again!!

    [millionday] it had raised

    [LBnFL] CBI website “Sell 1166, Buy 1164”

    [The s family] Well we are in the second half of the year…and they are still wanting it at 1166…

    [schmidtberger] millionday …are we still looking at sometime in july in your opinion?

    [booboo] than the CBI needs to update their website its been 1166 for a long time.

    [millionday] now it is after the auction on Monday

    [anthonlcs] faith1 market rate

    [dlherm] Faith1. It is pegged to usd at 1166 but it will naturally fluctuate from day today so in order to keep it at 1166 they have the auctions

    [millionday] well the rates for purchase have shown the change so i have no idea

    [LBnFL] CBI website “Sell 1166, Buy 1164” has been the same since I have been in this.

    [millionday] they have been fluctuating a lot recently

    [LBnFL] Not trying to be difficult, just don’t understand.

    millionday] isx will show you hun

    [anthonlcs] IMO ..They want the market rate to be as close to the CBI rate to keep from hurting the IRAQI people

    [millionday] let me look for more news brb    anthonlcs i agree

    [tiger_ag] as demand for the dinar goes up with people buying as an investment, it pulls dinar out of iraq, thus price will go up….big action re saturates the market and drops the price back to 1166? could that be an explanation?

    [dlherm] The currencies against other currencies fluctuate all the time! Just look on netdania and you will see it! The auctions keep it steady at 1166!

    [millionday] right the auctions will be used in the future to maintain inflation and the rate of the dinar in the market place

    [booboo] concern it will be a long time before they RV

    [wmawhite] tiger_ag tiger_ag …….the value of the IQD has been increasing…….thus the rate on the street has dropped (increased) from 1200 to 1166.

    [millionday] it was a plan that was started by shabibi and then stopped and then continued but monday it was a huge auction so the explanation was to get it back down to 1166 as a real rate

    [millionday] which is good news

    [The s family] Ok, how is that beneficial?

    [millionday] because it is referred to on many documents throughout this process as the rate of the dinar for the plan and the changes occurring

    [booboo] my understanding was 1166 was a artificial rate.

    [dinarmamma] Millionday I thought the real rate was 3.42 or there about

    [The s family] so confusing

    [millionday] smile

    [dlherm] If you look at rates on cbi site usd rate has stayed at 1166. But since i am in canada, i look at cad rate and it has changed significantly going from 1142 to 1107 at one point!

    [wmawhite] booboo …it is artificial because it does not reflect the true value of the IQD.

PART 3 CONTINUED

Update and info about significant things relating to the RV of the IQD, from Sam G

Our watch date of July 9 was the first day of Ramadan and it turned out to be the date that the FDIC officially implemented Basel III requirements on US banks. I also read that July 1 was the effective date of Basel III as far as the Fed was concerned, but I don’t have confirmation of that.

Reports say that on July 15 the Iraqi Stock Exchange (ISX) linked to the NASDAQ in America for the first time, so that people in Baghdad’s “Green Zone” could trade in America and, presumably, the other way around as well. It was open for only two hours, they say. The ISX opened in 2004 but was limited to internal trading with Iraqi businesses. It was done with chalk on blackboards, and even now, trading is limited to 4 hours a day, 3 days a week.

They went electronic back in 2009, but were still unable to link up with international exchanges. Since the UN allowed Iraq out of Chapter VII and placed them in Chapter VI, Iraq is now able to do international trading. So, our watch date of July 15 was a very important milestone for Iraq. The next dates to watch would be Friday, July 19th, and Monday, July 22nd. If the revaluation does not occur on either of those dates, it will likely be at least September.

    [millionday] and oh boy do we have some news  like whooop whooop

    [millionday] so i have some news for ya and first let me say there has been no news come out about the monetary plan completion so here we go

    [millionday] The Central Bank of Iraq, Wednesday, the World Bank praise a draft reform of the banking sector in Iraq and the promotion and development of banking supervision. The bank said in a statement obtained by “obelisk”, a copy of “The Bank received a letter from the World Bank praises the report issued by the international auditing firm for the financial statements final draft reform of the banking sector in Iraq and promote the development of banking supervision.”

    [millionday] World Bank came devoid of any observations or reservations This report reflects the good efforts of the Department of Central Bank of Iraq for several reform project of the banking sector in Iraq and the promotion and development of banking supervision and coordination and cooperation with the World Bank and down to the device Iraqi bank Advanced.

Read More Link On Right

     millionday] this was sent to me and i have verified it

    [millionday] The Iraqi Central Bank, said that the World Bank praised the draft reform of the banking sector in Iraq. The Bank said in a statement that the Bank had received a letter from the World Bank commends the report issued by the international auditing company on the financial statements of the draft reform of the banking sector in Iraq. He added that the report was devoid of any observations or reservations and this report reflects the efforts made by the Iraqi Central Bank management

    [millionday] note — the monetary plan and banking reform details have been accepted

    [millionday] Najafi looking with the head of the central bank control mechanisms on the exchange rate and the development of the Bank’s work Search House Speaker Osama Najafi with the Governor of the Central Bank of Iraq and Abdul Basit Turki agency, control mechanisms on the exchange rate, and procedures against the violation banks.

The central bank has promised to take measures to raise and stabilize the dinar as it was in the past, but the rate of the dinar is still volatile in the Iraqi market to fall and rise

    [booboo] are they trying to stall again?

    [millionday] A statement by the Office of the President of the House of Representatives and received all of Iraq [where] a copy of the “Najafi search through a meeting in his office Governor of the Central Bank and the Agency for ways to reduce the damage caused by the previous bank policies and forwarded to the judiciary.”

He added that “Najafi expressed during the meeting to support the House of Representatives of the Central Bank and his administration the current in order to strengthen the cash balance and control of the exchange rate to serve the interests of the Iraqi citizen, stressing the importance of completing procedures develop the Bank’s work, especially in the field of electronic connectivity with banks and regulatory authorities such as customs and taxes

    [millionday] no not stalling — moving forward

    [millionday] The statement added that “the meeting dealt also discuss measures undertaken by the banking policies to remove the implications in the period after the lifting of U.S. protection of Iraqi funds in and out of the provisions of Chapter VII.”

He called on the President of the House of Representatives to “hold a meeting with the Committee of indebtedness which is chaired by Rose Nuri Shaways Deputy Prime Minister for Economic Affairs and the membership of the oil minister, Justice, Finance, Foreign Affairs and Chairman of the BSA, to study and discuss the mechanisms in place to address the issues of debt after the lifting of U.S. protection of Iraqi funds

    [millionday] note — looks like we have moving forward and progress

    [millionday] The Central Bank of Iraq, issued new instructions to stabilize the exchange rate of the Iraqi dinar against foreign currencies select the stakes weekly for banks and money transfer companies and trading firms currency from the dollar is estimated according to the capital of each of them, and will increase and reduce this share compared to the commitment of all of them deliver the amounts wants customers from citizens.

The central bank starts to put the dollar at an auction for the sale of foreign currency at subsidized prices and the lowest of the real exchange rate in the market to support the dinar

    [tiger_ag] so have they already studied mechanism and this is the discussion of said mechanism? or do we need to form committee to do this discussion?

    [millionday] so as we expected they are going to enter the rate fixed and the world bank has approved the completion of the reform and its content

    [Fresh] tiger_ag they’ve been studying for years IMO

    [tiger_ag] Fresh yes, but concerning to read that they need to meet and study some more…  will sit on hands now

    [millionday] the studying is over

    [faith1] Yea yea yea

    [millionday] this is the presentation of the reform in writing as it has been decided and will be implemented

    [millionday] no one sits on hands at roundtable — this is discussion time  we all put in and that is how we love it hun —   so what do we have from anyone else —   anyone have anything in ink today or that they would like to talk about i would like to talk about a lexus  lol

    [The s family] Seems like there is always more to be done?

    [Rudie] BMW for me!!

    [schmidtberger] Escalade…..

    [The s family] Bmw for me too!

    [mydinar100] I heard Obama has approved a currency tax recently. Do you know if there is any truth in this.

    [gpleas] Millionday on your opinion everyone says anytime but by reading this this could take a couple weeks or a month

    [millionday] smile

    [Rudie] The s family smile

    [bluedog2] I’m looking at an LR4

    [tiger_ag] The s family those are my sentiments today……thought i was just being a grump gus… lol

    [millionday] mydinar100 yes that is true and complete

    [Fresh] millionday millionday millionday news has been heating up ever since we last saw each other at midnight in chat lol

    [rollonjohn] millionday Do we know what their next step is?

    [The s family] tiger well your not grumpy alone! I’m with ya!

    [baggr42] It seems that they area the cusped of doing it. Is the Fed Council in the way because it is not seated

    [bluedog2] Can we discuss the currency tax? I’m not familiar with what Obama has put in place.

    [millionday] Fresh oh yes — it seems that they have had a huge meeting — love it

    [CaliDreamers] millionday We like the new Lincoln hybrid.lol

    [millionday] rollonjohn application

    [millionday] bluedog2 yes let me see if i can find it  brb

    [faith1] Does this say NOW to you,,, am I reading this correct NOW , Now , Now!! “The central bank has promised to take measures to raise and stabilize the dinar as it was in the past, but the rate of the dinar is still volatile in the Iraqi market to fall and rise.”

    [bluedog2] thanks.

    [dlherm] I’m looking at a bmw 5 series for my everyday driver but in a quandary about what suv to get!!

    [bluedog2] at least it’s not s**n faith1

    [topgun3182] Equus for me

    [CLA] Infiniti!!!

    [momface] millionday is the HCL done?

    [wheresmyRV?] Shelby GT 500 for me!

    [baggr42] Rocket ballz irons

    [millionday] faith1 that means that it will still need to be monitored to keep it from creating inflation ect as in all countries — they will be exposed to the outside world economic problems

    [Fresh] Love the car selections!!!

    [baggr42] It seems that they area the cusped of doing it. Is the Fed Council in the way because it is not seated

    [tiger_ag] theres a nice 68 firebird convertible with a 404 that i got an eye on….dont want both eyes on it yet…..

    [The s family] I saw where the cbi auditing was completed. Did you mention that already?

    [bluedog2] Is this going to be Iraq only, or is there a “basket” full of countries that will revalue?

    [faith1] fall and rise,,, so a managed float ,,, right?? !!

    [millionday] momface hello hun — they have 5 committees working on it and have reported that they are done with amendments and are happy with it — its on the table to be voted through — not an issue

    [wilbur48] Baghdad (AIN) –The parliament Speaker, Osama al-Nijaifi, discussed with the Acting Head of the Central Bank of Iraq, Abdul Basit Turki, the means of controlling the exchange rate and the actions against the violating banks. A statement by Nijaifi’s office received by AIN cited “Nijaifi and Turki discussed the means of reducing the effects of the banking

    [tiger_ag] faith1 i think 2% every month or so?

    [LBnFL] Pilatus for me http://www.pilatus-aircraft.com/

    [schmidtberger] tiger_ag ….nice choice on car.,..

    [tiger_ag] schmidtberger yeah, dont be asking me where it is… lol

    [momface] millionday ty

    [millionday] nice

    [faith1] tiger_ag,,,, i think every 90 days…

    [schmidtberger] tiger_ag …what color?

    [baggr42] It seems that they area the cusped of doing it. Is the Fed Council in the way because it is not seated

    [tiger_ag] schmidtberger i’m not sure maybe white or red or ….

    [millionday] The s family yes the auditing for cbi is done

    [schmidtberger] lol

PART 2 CONTINUED

Follow-up – and babysit – Central Bank of Iraq, the World Bank praised the draft reform of the banking sector in Iraq.

The bank said in a statement received news agency public opinion (and babysit) a copy of the bank received a letter from the World Bank praises the report issued by the international auditing firm for the final financial statements of the draft reform of the banking sector in Iraq.

He added: that the report was devoid of any observations or reservations and this report reflects the good efforts made by the management of the Central Bank of Iraq in this area … p / i

LINK