[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

    [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

7-17-13 Zawya Intel:   There has been a subtle shift in Western energy policy in the past few years, new technology has meant that previously unobtainable gas reserves locked deep underground in shale rock formations across Europe and the US are now available through a technique known as fracking. This has been a feature of US energy policy for years and has rapidly increased the use of natural gas as a major energy provider. Now Europe is jumping in on the act.
While fracking has proven to be less popular on the continent of Europe, for example an EU report recommends that it is banned due to environmental dangers and it is already banned in Bulgaria and France, other countries have more of an open mind.
On a recent trip to Ireland, which reportedly has large shale gas reserves but also has some of the most picturesque countryside in the world, fracking is a divisive subject. Ireland could definitely do with the financial benefit that an on-shore energy industry would provide, it would create plentiful, long term jobs and benefits to the wider community, and it could help Ireland’s balance of payments. Although Ireland has a current account surplus, nearly all of the money that is brought into the country through tourism is spent on importing energy from elsewhere. If it didn’t have to spend the money on importing energy then Ireland could have an even larger capital buffer. Financial security is a hot topic in Ireland, especially after the country needed to be bailed out by the European Union, the IMF and the European Central Bank in 2010.
However, some people in Ireland are worried about the environmental impact from fracking and also how much money the country would actually receive. A common criticism in the Irish media is that energy companies would cream all of the profits and ruin the local environment, while leaving very little for the Treasury.
Similar environmental concerns threaten to block shale gas extraction across the UK. Local councils have threatened to stage prolonged battles with the government to ensure that natural beauty spots are not damaged. The UK has in excess of 1. 3 trillion cubic feet of shale gas reserves, however, most of this is located in the countryside of Yorkshire and Lancashire, where there is fierce local opposition to fracking. However, if the government deems that fracking is in the national interest to help the UK become energy independent then it could force local councils to allow it to take place. Thus, shale gas extraction could be easier to get started in the UK compared to countries in the Eurozone, where political opposition is stronger.
The UK government is trying to reign in the UK’s enormous public debt, and a potential new lucrative industry that could boost tax revenue and make a welcome dent in the UK’s bills is, understandably, popular in parts of Westminster. The US, which has seen its oil and gas industry explode in recent years, has also seen a big recovery in its public finances. For example, the current account has recovered to its lowest level of deficit since 1999. This may improve further as the US is expected to increase its oil and gas output in the coming years, thus reducing its need for oil imports.
So what does this mean for the Middle East? The shale gas revolution still faces many hurdles, especially in Europe, however it is happening and if Ireland and the UK adopt these new energy technologies then it could gather pace.
Although the Middle East is still an important component of the global energy industry, it needs to keep abreast of developments elsewhere and make sure it doesn’t let its own plentiful energy reserves take its eye off the ball. The energy industry is changing, in future there could be much more energy available, which should naturally mean the price drops. This is both an opportunity and a challenge for traditional oil producers in the Middle East.

 

Baghdad (IraqiNews.com) The Economy and Investment Parliamentary Committee demanded the Central Bank of Iraq to maintain the price of the Iraqi dinar in exchange of foreign currencies.

The Secretary of the Committee, Mahma Khalil, told IraqiNews.com ”The CBI is obliged to preserve the price of the IQD in return of foreign currencies since the currency of the State represents its economic identity at the political arena.”

”The price of the IQD totally depends on the CBI policy whose task is to preserve the price of IQD which was built basically on the price of oil barrels,” he added.

“The Secretary of the Committee attributed the vacillation in IQD price to its association with the Iraqi political fluctuations and the security situation which holds off investment opportunities,” he concluded.

LINK

 

7-17-13 Zawya Intel:   There has been a subtle shift in Western energy policy in the past few years, new technology has meant that previously unobtainable gas reserves locked deep underground in shale rock formations across Europe and the US are now available through a technique known as fracking. This has been a feature of US energy policy for years and has rapidly increased the use of natural gas as a major energy provider. Now Europe is jumping in on the act.
While fracking has proven to be less popular on the continent of Europe, for example an EU report recommends that it is banned due to environmental dangers and it is already banned in Bulgaria and France, other countries have more of an open mind.

On a recent trip to Ireland, which reportedly has large shale gas reserves but also has some of the most picturesque countryside in the world, fracking is a divisive subject. Ireland could definitely do with the financial benefit that an on-shore energy industry would provide, it would create plentiful, long term jobs and benefits to the wider community, and it could help Ireland’s balance of payments. Although Ireland has a current account surplus, nearly all of the money that is brought into the country through tourism is spent on importing energy from elsewhere. If it didn’t have to spend the money on importing energy then Ireland could have an even larger capital buffer. Financial security is a hot topic in Ireland, especially after the country needed to be bailed out by the European Union, the IMF and the European Central Bank in 2010.

However, some people in Ireland are worried about the environmental impact from fracking and also how much money the country would actually receive. A common criticism in the Irish media is that energy companies would cream all of the profits and ruin the local environment, while leaving very little for the Treasury.
Similar environmental concerns threaten to block shale gas extraction across the UK. Local councils have threatened to stage prolonged battles with the government to ensure that natural beauty spots are not damaged. The UK has in excess of 1.3 trillion cubic feet of shale gas reserves, however, most of this is located in the countryside of Yorkshire and Lancashire, where there is fierce local opposition to fracking. However, if the government deems that fracking is in the national interest to help the UK become energy independent then it could force local councils to allow it to take place. Thus, shale gas extraction could be easier to get started in the UK compared to countries in the Eurozone, where political opposition is stronger.

The UK government is trying to reign in the UK’s enormous public debt, and a potential new lucrative industry that could boost tax revenue and make a welcome dent in the UK’s bills is, understandably, popular in parts of Westminster. The US, which has seen its oil and gas industry explode in recent years, has also seen a big recovery in its public finances. For example, the current account has recovered to its lowest level of deficit since 1999. This may improve further as the US is expected to increase its oil and gas output in the coming years, thus reducing its need for oil imports.
So what does this mean for the Middle East? The shale gas revolution still faces many hurdles, especially in Europe, however it is happening and if Ireland and the UK adopt these new energy technologies then it could gather pace.

Although the Middle East is still an important component of the global energy industry, it needs to keep abreast of developments elsewhere and make sure it doesn’t let its own plentiful energy reserves take its eye off the ball. The energy industry is changing, in future there could be much more energy available, which should naturally mean the price drops. This is both an opportunity and a challenge for traditional oil producers in the Middle East.

LINK

 

(Dinar Recaps Note: we posted most of this list as part of another post recently.  We are re-posting it to have it separate by itself.)

IQD – Iraqi Dinar
VND – Vietnamese Dong
RV – revaluation
RD – redenomination
RI – reinstatement
CE – currency exchange
PTB – powers that be
IMF – International Monetary Fund
BIS – Bank of International Settlements
GOI – Government of Iraq
CBI – Central Bank of Iraq
UST – United States Treasury
CL – Christine Legarde(IMF)
JL – Jack Lew(UST)
ASN – Any second now
WF – Wells Fargo
BOA – Bank of America

Read More Link on Right

LOP – removing of zeros (either literally where 25K becomes 25, or merely removing from circulation/streets)
ISX – Iraqi stock exchange
HCL – Hydrocarbon Law (oil & gas related)
EU – European Union
CC – conference call
GCR – Global Currency Reset

FX – Forex

NCO – Non-criminal origin

JPMC – JP Morgan Chase

FRN – Federal Reserve Note i.e. the money we now use in the USA
BS – Bologna Sandwiches
IMO-In my Opinion
POF – Proof of Funds for Cash Purchase (Clean, non-criminal, counterfeit or laundered)
IMHO-In my humble opinion
CCC – Clean and Clear Certificate (Funds bank verified; clean source)
ROFLMAO – Rolling On Floor Laughing My *** (or A$$) Off”

From Recaps Comment Section:

RT 07/17/2013 12:27pm

Based upon the fact that Iraq now has an international stock exchange listed with Nasdaq, they must also have an international currency. In order for that to happen, the IMF had to have granted CBI the authorization to initially reintroduce the IQD at a rate commensurate with the Kuwaiti Dinar. Everyone seems to agree with that basic scenario regardless of the terms used.

Some folks knew that this might happen and they were looking to see if they could do a bait and switch shell game in order to make folks believe that the RI was in fact the RV. But that has not happened, because CBI has been prevented from announcing any new IQD (RI) reintroduction rate of somewhere between $3.22-$3.44.

Why have they been prevented? So that these so called private groups couldn’t just move in and offer a negotiated rate somewhere between the $3.44 range and whatever the new IQN will eventually be RV’d at in the double digits. The spread is huge and the temptation is just too great for some not to try to make the play.
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I don’t believe that most of the intel gurus know that this has been the most likely motive behind the deal. They have been duped IMO. I think that has been the standard for the past 100 years?? They have been fed intel… much of what has been essentially true, in order to gain their confidence and respect… in order for them to be encouraged to corral as many private holders into one group or another, in order to set the trap.

However, the Asian families are not dumb to this ploy and have the matter all under control. The CBI will not be permitted to internationally release any new values on the IQD until the actual international RV takes place. Once that is done, then people can compare rates between banks and groups to see if there is any real advantage.

Time will tell the truth, but this is my assessment. I have been paying attention to Wildduck’s comments and he sees the corralling of all too willing Dinarians, and is very suspicious of it… me too! The oil credits thing is all well and good sounding… but given that we are still being freed from the cabal within our government and industry… we are not there yet.

And given that they are being bankrupted internationally as we speak, what makes anyone not believe that they wouldn’t try such a bait and switch shell game move with private IQD holders? One has to assume that they would.
Anonymous5

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I4U:

[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.

[1helton] 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.

[1helton] 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

[1helton] 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.

[1helton] She said that if any came back that was not valid, they would need to remove the amount from my account.

[1helton] 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.

[canadagoose] 1helton I don’t think I would do my c/e with that branch, in that case. Unless, they have a 180 degree turnaround.

[FLPatriot59] 1helton If I was you I would find a larger, main branch to CE in.

 [shatterstar] 1helton good info

 [1helton] canadagoose from what i understand in NC, there will be a couple places. I live in a very small town, I’m not expecting to have an exchange site here by any means!

[littledip1921] Rumor & Confirmed – Jack Leu speech this morning was stepped on by Bernanke. The portion of Leu’s speech concerning Global Reset and Gold Backed currency was removed at Bernanke’s orders.

[1helton] 1 more thing!!! When I went in, I got a free WF bag – guess it is to carry my dinar, VND and rupiah in to exchange!!! Lol

1helton] you guys ready for another bank story? This one is from a friend who is invested and banks at a LoCaL bank…

1helton] friend’s bank story: I’ve been trying to get a line of credit through my bank to pay off my reserves when the rv happens. They’ve been giving me a bit of grief over it, wanting me to do a line through my mortgage which I definitely don’t want… I went in Mon to notarize some gift letters….one of the higher up CS folks came out to help me…saw the letters about the IQD, asked me if I found any VND, I said yes. 2 hours later I got an unsecured line of credit approved….at a lower interest rate than discussed

[Dinarblessed] 1helton Swwwwweeeeet!

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GET:

[sarge] I was outside working, retirement??? right. I got a phone call from my contact. The whale he knows called and said basically the same as Eagle1. The one day delay then codes expired.. the Fed has reset them and he says he will go into the bank at WF today. I am not there so I can not verify this. You get what you pay for and this free.

 [holistichealth] sarge tyvm for sharing…

 [arizona49] [8:45:46 AM] Leo: (*)7-17-2013 Eagle1 [via BulldogFord65] expecting to see currencies on the ForEx, but did not go because the IQD is the pivot currency and the IMF codes expired because of the delay in Iraq; new codes have been provided by the IMF, and we now wait to see if it happens…tomorrow [Wednesday] – or not.

 [dkg] sarge this is exciting thanks

 [lgtennis] sarge hi darlinnn

[sarge] Don’t quit your jobs over that info., YW AZ

 [sarge] lgtennis Morning

[dkg] lgtennis so glad to see you how is it looking for seeing a RV?

 [lgtennis] dkg great cant say much more than that darlin

[yabba dabba] the codes exspired thats the new delay..i love this ride you gotta love the ride

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MIG:

xyz] CBI discuss controlling exchange rate, 17 July 2013 16:26 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 policies and transferring them to the judiciary.” “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 li   http://www.alliraqnews.com/en/index.php?option=com_content&view=article&id=37877

[xyz] CoM: Local governments to provide items of Ration Card Wednesday, 17 July 2013 18:51 The Council of Ministers decided to make the local governments to provide the items of the Ration Card. During its session held on Tuesday, the CoM decided that the local governments will provide the items of the Ration Card instead of the Ministry of Trade where only the Flour and Wheat will be provided by the MoT.   http://www.alliraqnews.com/en/index.php?option=com_content&view=article&id=37886



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KTFA:

jdtolle » July 17th, 2013, Give joy

When you’re doing what you do, do it with joy. Instead of waiting for the situation to bring you joy, choose to give joy to the situation.

Give joy for the fact that you’re here to experience whatever you may be experiencing. Give joy for the satisfying reality that you’re making a difference in life.

Give joy to what you do, and you’ll be more positively focused and effective at it. Give joy to the people you encounter, and you’ll give those encounters a very good chance of being positive and fulfilling.

Be the person who brings positive energy into the room. Be the person who reminds everyone else how good it can be to be alive.

Simply choosing to be joyful can actually make you joyful. It’s a powerful choice that you can make at any time, again and again.

Joy costs you nothing to give, and it can mean so much to everyone it touches. Give joy, live joy, and experience life at its best.

— Ralph Marston

May All Have a Blessed Day

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

Economic parliamentary: the stability of the exchange rate of the Iraqi dinar responsibility of the Central Bank

on 7.17.2013



Electronic integrity
Commission confirmed the parliamentary economy and investment,
the central bank to ensure the stability of the exchange rate of the Iraqi dinar against other foreign currencies is the responsibility of the Central Bank of Iraq.

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

He said the Commission’s decision Mahma Khalil said in a statement: "The Central Bank is obliged to maintain the exchange rate of the Iraqi dinar and a balance sovereign must be maintained and the feature in the Iraqi economy because of the expected to be the Iraqi dinar identity of the region’s economic, because Iraq is an oasis of economic and which stations promising economy.

"and noted that" the Iraqi dinar exchange rate depends on the political CBI and its mission to maintain the value of the dinar, which was built based on the price of a barrel of oil and the price was against the U.S. dollar thousand and [166] dinars and added him [13] dinars to the commission and became 1199.

He said Khalil said "Price is still volatile and that stabilization is through control of the movement of the dollar and the market may not be a balance of Iraq in 2007 ten billion dollars and exchange rate 1200 and today رصيدنا $ 76 billion and five years later keep the exchange rate itself and this is not permissible is unreasonable. "

The CBI has issued new instructions to stabilize the exchange rate of the Iraqi dinar against foreign currencies through quotas weekly for banks and money transfer companies will increase and decrease the stake against the commitment of all of them deliver the amounts they want customers from citizens.

http://www.alestiqama.com/news.php?cat=business&id=2599