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130 Minutes long


(Highlights were emailed to Recaps and are paraphrased and not word for word)

Tony Highlights on his Conference Call Just Now: (Friday 1-3pm est)

— TONY STATES: Iraq mosques had their announcements today. They are told it may happen from today to the next 10 days – Tony thinks possibly on Tuesday on their feast day …BUT… Tony thinks with what news he has here in the USA it will happen sooner.

–In Iraq yesterday everybody’s cards were loaded so they know it is coming and will be able to use them soon.  Tony states his intel tells him there were planned riots in Iraq if something didn’t happen so they had to announce this today as they did.
Read More link on Right

–Tony’s notification of the RV announcement from the UN came to him out of Washington DC. I got it from the highest levels you can imagine that you can get it.

–It was announced for a purpose. Other Intel people are verifying the same info now. Tony was ahead of the curve and got a lot of heat for it.  

–TONY STATES: People in the banks were in meetings for final instructions…(remember Citi last night) they were fully expecting it last night after 8pm and that was based on the bank meeting yesterday AM.

–TONY STATES: The meetings gave assignments for currency locations. Bank people were under Non-disclosure agreements regarding details. (Tony states how long do you think they can sit on this without talking so something has to happen soon)

–The qualifications and rates will be given to Tony when released.

–TONY STATES: When we go in to the bank, the person we deal with—works for the bank…remember that. They are there in best interest for the bank. Pay attention to what you are signing. Tony is trying not to say things too sensitive…appt’s are to be 20 min or so…and then they want us to meet their broker to invest with them.

 –TONY STATES: Did go live on NASDAC at 5:45pm at $5.58 and $.58, 2 days ago but not FOREX.

–TONY STATES: Wells Fargo contracted with Mom and Pop type banks to send folks where there are no Wells Fargo near to the zip code of each person, of those who choose to dial the 800 number

 –Tony does not see WF sitting on this exchange center information for 10 days and expect it to remain private and quiet – somebody will talk.

–TONY STATES: The bankers in WASH DC are meeting right now to discuss activation.

 –TONY STATES: A countdown already started today, but was put off.  They were in the last 15 minutes count down this morning and they changed it and called this meeting in DC right now. He just got a text hearing they are back “at the starting line” and expect news later on today.

 –TONY STATES: Banks – they have people/procedures in place to prepare for some employees who may go ballistic (when they find out about the Dinar and its value) they are prepared for this even for those people who are upset for having to wait so long for this to happen.

 –TONY STATES: They do listen to these calls and they have made changes to procedures and policies based on whats going on.

 –TONY STATES: I don’t plan on doing a call this afternoon but more information is coming out and I may be doing another call ONLY if information warrants me to schedule another show…. if the info is not that major I may do a Tony Blast or just wait till another call…

Citigroup Inc. (C)’s decision to open in Iraq and the easing of United Nations sanctions dating back to the Saddam Hussein era are driving yields on the OPEC oil producer’s bonds down from a four-year high.

Yields on the Middle Eastern nation’s $2.7 billion security due January 2028 slid 137 basis points to 7.43 percent in the eight days from June 24 after Citigroup became the first U.S. lender to venture into Iraq since Hussein was toppled a decade ago. That compares with a 39 basis-point drop to 5.19 percent in the HSBC/Nasdaq Dubai Middle East Conventional Sovereign US Dollar Bond Index in the period. Iraq’s bonds yielded 7.4 percent at 4:20 p.m. today in Baghdad.

Citigroup, JPMorgan Chase & Co. (JPM) and Standard Chartered Plc (STAN) are the latest international banks to expand in the second-largest producer in the Organization of Petroleum Exporting Countries. The UN Security Council added to investor confidence by voting on June 27 to remove the threat of military enforcement on the issues of Kuwaiti people, property and archives missing since Iraq invaded the country in 1990.

Citigroup’s announcement “had an impact because it meant that big banks are going into Iraq,” Sanjay Motwani, president of Singapore-based Sansar Capital Management LLC, which manages a fund with $30 million invested in Iraqi equities, said in a telephone interview. “Therisk premium for Iraq sharply dropped after June 24, mainly in anticipation of the UN decision to ease the sanctions, which was eventually adopted June 27.”

Oil Output

Iraq, with the world’s fifth-largest proven oil reserves, is boosting output and rebuilding its economy after decades of sanctions, war and neglect. Exxon Mobil Corp. (XOM)OAO Lukoil (LKOH) and other companies helped boost production by 24 percent in 2012. The government is increasing spending by 18 percent this year to $118 billion, and the International Monetary Fund forecasts an annual economic growth rate of 9 percent, the fastest after Libya among 18 countries in the region.

The spread between Iraqi sovereign bonds and U.S. Treasuries, which peaked this year at 653 on June 25, has narrowed since then by 127 basis points, or 1.27 percentage points, JPMorgan Chase’s EMBIG Sovereign Spread Iraq index shows. The spread was 506 basis points yesterday.

‘Strong Performer’

“In a global context, Iraq has been a strong performer,” Gabriel Sterne, a London-based economist at Exotix Holdings Ltd. whose research includes 40 frontier-market sovereigns, said in a July 16 e-mail. “There is the usual trade-off between political risk and strong revenues that investors have to weigh up. So I think the bonds are roughly fairly valued.”

Car bombings and other violent acts threaten to undermine the country’s stability. The yield on Iraq’s bonds gained 20 basis points after July 2 amid a wave of deadly violence. At least 337 people have been killed in attacks across the nation so far this month, the Associated Pressreported, citing police and local officials.

Iraq faces internal political wrangling and a dispute between the central government in Baghdad and the semi-autonomous Kurdish region, which has halted oil exports by pipeline since December. Street protests by minority Sunni Muslims, worsening relations with Turkey and the civil war in neighboring Syria contribute to tensions in the country.

UN Vote

The UN Security Council boosted Iraq’s prospects when it agreed that the issue of missing Kuwaiti citizens and disagreements over Kuwaiti archives and property should be resolved peacefully, under Chapter 6 of the UN Charter. The council kept the constraints pertaining to an arms embargo and war reparations under Chapter 7, which allows the use of force.

Iraq has set aside 5 percent of its oil revenue to pay compensation to Kuwait for war-related damages and will repay the $11 billion it owes by 2015, Iraqi Foreign Minister Hoshyar Zebari said June 12.

“The fact that some sanctions under Chapter 7 have been lifted means that it will be easier for international banks to trade and have a relationship with local Iraqi banks,” Sansar’s Motwani said.

Foreign banks were barred from the nation until after the U.S.-led invasion ousted Hussein’s government. Today, 15 international banks operate in the country of 33 million people. They compete with seven state banks, 23 private lenders and nine Islamic banks, according to the central bank’s website.

Asiacell Listing

The country’s stock exchange attracted investors in the February listing of Asiacell Communications PJSC, which raised $1.3 billion in the Middle East’s biggest initial public offering since 2008.

Citigroup plans to open representative offices and branches in Baghdad and the cities of Basra and Erbil to benefit from an estimated $1 trillion of infrastructure spending, Mayank Malik, the U.S. bank’s chief executive officer for Jordan, Iraq, Syria and the Palestinian territories, said in a June 27 interview. The lender is also among international banks seeking to finance a pipeline to export Iraqi oil and natural gas through Jordan.

Standard Chartered plans to open branches this year in Baghdad and Erbil, followed by a third office in Basra, a southern oil hub, in 2014. JPMorgan Chase signed a one-year agreement on July 6 to help the Trade Bank of Iraq finance imports of goods and services, John Gibbons, managing director and EMEA regional executive for the New York-based bank, said in a July 7 interview.

“Foreign banks entering Iraq are mainly there for trade finance, as companies from their respective countries need financial tools and services to do business in Iraq,” Abdul-Aziz Hassoun, executive director of the League of Private Banks, an Iraqi business group, said by phone on July 17.

“Iraq is a promising market because of the rising oil revenue and infrastructure projects which have helped boost the level of trade finance on an annual basis,” he said.

Source: Bloomberg

Baghdad (AIN) -MP, Ouday al-Awadi, of al-Ahrar Bloc and the member of the Oil and Energy Parliamentary Committee called the MPs to support the Iraqi citizens through investigating the Minister of Electricity, Karim Aftan, next week.

Awad reported in a statement received by AIN ”We call upon all the MPs to support the Iraqi citizens by holding an investigation session with the Minister of Electricity next week, ” he added, noting that ”The Presidency of the Cabinet has scheduled the next week to investigate Aftan by asking him (30) questions, mostly regarding the electric production stations contracts.”

“We hope all sides not to intervene in the investigation or try to postpone it since it has been scheduled two years ago and we should put the interest of the citizens above any considerations,” he added.

Most of the Iraqi provinces are suffering a great lack of electric power equipping which lead to organize demonstrations in Basra and Dhi-Qar provinces.



Baghdad (AIN) -MP, Ouday al-Awadi, of al-Ahrar Bloc and the member of the Oil and Energy Parliamentary Committee called the MPs to support the Iraqi citizens through investigating the Minister of Electricity, Karim Aftan, next week.

Awad reported in a statement received by AIN ”We call upon all the MPs to support the Iraqi citizens by holding an investigation session with the Minister of Electricity next week, ” he added, noting that ”The Presidency of the Cabinet has scheduled the next week to investigate Aftan by asking him (30) questions, mostly regarding the electric production stations contracts.”

“We hope all sides not to intervene in the investigation or try to postpone it since it has been scheduled two years ago and we should put the interest of the citizens above any considerations,” he added.

Most of the Iraqi provinces are suffering a great lack of electric power equipping which lead to organize demonstrations in Basra and Dhi-Qar provinces.



Note: This article was mentioned on Tonys CC today and For those who are requesting this article.  Here it is, reposted from SWFG Last Year.   
SWFG is missed. Thank you ~The Dinar Recaps Team

SWFloridaGuy: NY TIMES(Kuwait RV): Published: March 25, 1991 It still has no water and little electricity or food, but Kuwait revived its banking system today, introducing a new currency……

Banks reopened for the first time since Iraqi occupation forces shut them down in December. Thousands of people lined up to exchange their old Kuwaiti dinars for crisp new ones and to withdraw a limited amount of money…..

The Central Bank is canceling the value of Kuwaiti dinars that were seized from the Central Bank and put into circulation by the Iraqis. The invalid serial numbers were posted today in front of all banks in the city….All other old dinars can be exchanged for new ones on a one-to-one rate until May 7, when the old dinars become invalid.

The new official exchange rate is 3.47 American dollars for one new Kuwaiti dinar.
Read More Link on Right

SWFloridaGuru] ruthie Of course. We’re talking about the details of the Kuwaiti RV and the procedures they followed. There isn’t much press available on it and it’s good to see how that compares to Iraq. Although they are completely different situations it does show us rules that were applied during cash out and how it was announced to the citizens.

 williamB] From March 18, 1975 to January 4, 2003 the dinar was pegged to a weighted currency basket. From January 5, 2003 until May 20, 2007, the pegging was switched to 1 U.S. dollar = 0.29963 dinar with margins of ±3.5%.[2] The central rate translates to approximately 1 dinar = 3.33745 dollars. From June 16, 2007, the Kuwaiti dinar was re-pegged to a basket of currencies,[3] and is now worth about US$3.609 (€2.686). It is the world’s highest-valued currency unit

Deletion of zeros: the will of the state unit condition / Raed Fahmi

Details Published on Friday, July 19 / July 2013 14:13

Issued during the past week, conflicting claims of some deputies to the Central Bank on the implementation of the project to delete the zeros of the dinar.

Some urged him to speed up the process due to the favorable conditions after the withdrawal of Iraq from Chapter VII.

As he emphasized some other need to be patient, noting that it would disrupt the state budget and embarrass the government, as well as the reality of the political situation with the approach of the elections, the House of Representatives and the intensification of fever competition and conflict between the blocks.

It is well known that the central bank had been submitted to the Cabinet late in 2011 draft professional integrated process of deletion of zeros from the dinar, and took into account the economic and financial aspects, technical and security, social, psychological, and used the global expertise and benefited from the experiences of other countries, including some of the neighboring countries and the region.

He expressed the bank at the time, his willingness to initiate the implementation of the process starting from December 2013.

but the bank returned he issued a statement in May 2012 announced the postponement of the implementation of the project, even though it completed the bulk of the necessary procedures required by the process.

He attributed the reason for the delay to the need to secure the requirements of coordination and cooperation between the legislative and executive branches.

There was no reference in the discussions and debates that took place on this issue to Chapter VII كمعوق the head, but the most important objections revolved around the inability to control and to control counterfeiting, money laundering and other areas of corruption,which can accompany the process of changing the currency.

But went some close to the center of the decision to say that it has launched the largest corruption, while accusing the central bank views the window as hinder the process of monetary reform.

Thus, the debate focused mainly on the timing of the implementation process and the availability of its conditions, particularly the availability of the will of a united crucial part of the the state in all its corners and powers to proceed with the implementation of this project,

because it requires close cooperation between the various state agencies on the one hand and between them and the citizens and the media, organizations and institutions of civil society and civil on the other.

that what we observe from the absence of harmony and consensus within the parliamentary committees specialized, not to mention various parliamentary blocs, and between the legislature as a whole,

the government and the executive branch a whole, clearly refers to the lack of requirement Qarase, which was based on him to postpone the implementation of the project in the past year.

The feasibility of the project and its importance Evoukan the potential negatives, a condition common will provide the state with all its powers.

Without it difficult to accomplish loops and various aspects of the project satisfactory manner, able to surround the manipulation and corruption processes and control them, and with them the abusive exploitation of the withdrawal process and change the currency in circulation.

It is remarkable that the statements released through the media while the parliamentary committees not subject after discussing with the new administration of the central bank.

It is also essential that clarity is available in the content and significance of the scientific and economic exact currency exchange process.

It is not the process would eliminate the inflation or growth fire, or a material change in the value of the currency and exchange rate.

But that the deletion of zeros concrete and positive impacts directly on reducing the cost of trading the currency transactions, facilitate, and reduce the risk of error associated with dealing with large numbers.

It also reduces the amount of currency in circulation, and thus the burden and costs of management and issuance.

In addition, the currency change psychological effects on the citizen and his behavior Economic and Alanfaqa, what requires to anticipate that the work of awareness, and gradually, in the implementation of the switching process.

7-19-2013 TD:   My contact sent me an email outlining their work in progress of the currency reform program. He stressed in his email the continuation work of such, as explained before , TURKI is at the helm and CEO of this project. The CBI is consulting with various bodies of the GOI of The economic reform programs to execute in conjunction with the CBI execution of the currency reform program. The GOI has numerous programs of importance to jump start a boon in economic growth and timing of each of these is of utmost importance to the CBI plan.

He also outlined…that while everyone is at work during Ramada…”Money” is not a instrument of importance during this time… it’s not a priority to get this done during Ramadan but certainly something they must do (currency reform) for their citizens soon afterwards this year.

He also stated that Yes, other countries, entities like the World Bank, IMF etc. have urged for execution but RESPECT Iraq handling their OWN AFFAIRS IN THEIR OWN TIME!!…Iraq is sovereign, it is in charge of it’s affairs and…couple weeks off till Ramadan is about over. My source again today stated possibility starting this train with Engineer Turki at that time of celebration is possible. I believe all this also clearly debunks the notion of this…196 country Global Reset business…Do U actually believe OTHER COUNTRIES are going to hold off their own currency reform programs because Iraq isn’t ready yet??





GBaghdaddy » July 19th, 2013, 9:50 am  •  

CNBC pulls video of Elizabeth Warren smacking down anchor over Glass-Steagall
7/19/2013 7:00am by John Aravosis 3

Earlier this week, Democratic Senator Elizabeth Warren (D-MA) went on CNBC last Friday to debate the Glass-Steagall banking regulations that were adopted in 1933, and her proposal to update and strengthen the law in a way that would likely force the big banks to spin off some of their business and stop being so damn big.

As you can imagine, CNBC is no fan of Glass Steagall, regulating banks, or Elizabeth Warren.

During her appearance on CNBC, Warren basically kicked ass, the video went viral, with over 700,000 views in a matter of days, so CNBC pulled it.

And where did CNBC pull the video from?  They filed a complaint with YouTube and had the video yanked from the Senator’s official YouTube account – but only after it had accumulated over 700,000 views in a matter of days.
Read More Link on Right

Apparently, the buzz over Warren’s appearance got so great, that CNBC anchor Jim Cramer had to try to shoot it down on Twitter (h/t to HuffPo for that point):

Yeah, Elizabeth Warren had so little impact that CNBC filed a complaint against the YouTube account of a United States Senator in order to get the no-impact video pulled.

Here’s a quick transcript of the best part

“ELIZABETH WARREN: From 1797 to 1933, the American banking system crashed about every 15 years. In 1933, we put good reforms in place, for which Glass-Steagall was the centerpiece, and from 1933 to the early 1980s, that’s a 50 year period, we didn’t have any of that – none. We kept the system steady and secure.

And it was only as we started deregulating, you start hitting the S&L crisis, and what did we do? We deregulated some more. And then you hit long-term capital management at the end of the 90s, and what did we do as a country, this country continued to deregulate more. And then we hit the big crash in 2008.

You are not going to defend the proposition that regulation can never work, it did work.

CNBC’s BRIAN SULLIVAN: I didn’t say regulation never worked, Senator. By far and away, and I agree, there were fewer bank failures in that time after Glass-Steagall.

ELIZABETH WARREN: “Fewer,” as in of the big ones, zero.”

Damn she is good.



[Lvn42day] I liked what SAG said last night about a single moment in time when we will no longer experience life as it is now. We are traveling, maybe slower than we want to; but we are moving in the right direction and when we reach that singularity……everything will change.

beudful1] Robertprofessor Some other gurus are being really negative, I still want to believe the UN announcement, have you heard more?

[Robertprofessor] beudful1 I’m convinced the announcement was made at the UN. After that, I don’t know what has developed. What wango1 is saying is probably the most reliable recent information.

[shatterstar] IMO— We got that post from Okie on Wednesday evening saying procedures were initiated. Yesterday, we get news of the UN annoucement. Today all the representatives of the CBI Banks are in Moscow. We know that Iraq made up a holiday for some undisclosed reason..

[shatterstar] G20 Summit is in Moscow right now..

[GJHHonor] mrs.) J. Lew is there also shatterstar correct? I read that yesterday and wondered why he was there thanks

[shatterstar] WE do know that the Glass Seagall Act is supposed to be reviewed in the House today as well. And we know that they performed crazy cyber security tests yesterday as well. These are things that we can see. These are things that we can prove, even though we don’t know the substance.. more coming

[shatterstar] So the UN put iraq under those sanctions in the first place, so It would be logical that they review it and make sure that progress is being made in the light of all the civil unrest… It also COULD mean that the countries are wondering why this hasn’t happened yet.

 [shatterstar] And then they responded by sayin that the RV has happened/happening as we speak. We wont know until they make the report public but I don’t they will do that until it is time to go to the bank. COuld you imagine if they put this on the news right now. Everybody would be at the bank buying dinar..

[tatortot] shatterstar I wish we knew in what context that comment was made!

[shatterstar] tatortot me too.

[shatterstar] But my Yellow School Bus analysis is that… There was definitely some time period given that they had to get this done. We dont how much time was given. We are definitely close. I am thinking that it will be a few days just because not everything is in place, but can be within 48hrs

[shatterstar] So we hurry up an wait some more. But this thing is getting out of hand. They are bombing the mosques in Iraq now. And its Ramadan. So the citizens are mad, the countries involved are anxious, so we i think we are good. Somebody and soon will push the button

[shatterstar] You know what would be interesting? if they made up another holiday like the heatwave thing fo Sunday… Now that would be downright obvious IMO

Maryrose] shatterstar didn’t they say the computers were down because of the heat this past week?? I laughed

[TexasMom] Maryrose they are accustomed to 125 degree weather there. C’mon with the horse hockey lol

[pastored] were are the computor outside in the sun lol

[shatterstar] Maryrose yep eventhough they are inside with air conditioning because of computer equipment

[Maryrose] TexasMom that’s why I laughed

[bama] regarding the UN announcement or not, according to the UN Journal for yesterday, they had 17 -18 meetings of various groups and committees. The only way to know if the announcement happened is to have somone in the 1 meeting where it took place. The only way to know it did not happen is to have had someone in all the meetings that can refute the story




[cajunrebel7] Papabear: What’s up Big guy? Good Morning, Glad you are here! Peeps about to walk the plank!

[Papa Bear] IMHO could take 3 0r 4 days IMHO

[Papa Bear] No walking plank on this faith trip.LOL

[canadagoose] Papa Bear Angels whispered in my ear for this next week. That was the 16th.

[abbababy] Papa Bear   HI Have a blessed day. Thank you for coming in I will catch your post later. I really do appreciate seeing you here in chat. You’re a Gem.

[Papa Bear] abbababy Good to see you

[owl] Papa Bear Papa Bear dunno how to ask this correctly, but are you and the peeps behind the curtain finding this reported ‘UN  RV  announcement’ to be a “milestone, same as ch7 in significance?

[Papa Bear] owl Milestone but dont ask me about Glass- Stegall

[highhopes] highhopes] What do we know this week ? Okie, Jester, Tony and others say GCR could happen anytime. ISX and Iraq banks closed because of heat yesterday…lol, Big tests yesterday in US to test financial systems. Banks are working overtime and expecting us any minute to start calling for apts.

[Papa Bear] highhopes We DO????

[oxglove] Papa Bear not sure if I understand what you posted…are you saying it could take 3 or 4 days for things to materialize and for us to see it done?   

[Papa Bear] oxglove Yep never put all your hopes in any one day but never give up on a day either. Suddenly Gods blessing you ask for through prayer will arrive

[cheeny] Papa Bear Glass Stegall is a good thing right? Was GB correct

Papa Bear- cheeny YES

[cheeny] Papa Bear Well it matters to me what you believe as I think and feel that you are well informed and very wise.

The IQD Team Connection with LJ from LJ’s Next Step Team
Straight Talkin Mike, LJ, Diana & Debbie
Investigate, Question & Deliver
Thursday, July 18,  2013 
Replay of Conference Call 
Conference Call Replay – July 18, 2013
760-569-7699   Pin 769478#

Great Night of News with Straight Talkin’ Mike & L.J. of L.J.’s Next Step Team
            “THE IQD Team Connection”           

Please listen to the replay in its entirety for all the
latest CBI, Economy and Government News from Iraq  

The I.Q.D. Team Connection News Coverage
for Thursday, July 18, 2013


Read More Link on Right

Citigroup Boost for Iraqi Bond Amplified by UN Vote: Arab Credit

World Bank praises the draft reform of the banking sector and financial control of Iraq’s banks

International forecasts .. Iraqi banking sector and the positive growth and huge profits over the next decade

Finance parliamentary: submit a 2014 budget next October (Scroll all the way to the bottom of page)

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

Finance: delete the zeros positive parliamentary and restores Iraqi currency as
GOVERNMENT… Available at L.J.’s Next Step Team Skype News Chat Room.
Click Here on How to Join LJ’s

News Article Links

What a great night of news, analysis and discussion – Listen to the call for all the rest of the news shared

Conference Call Replay –  July 18, 2013
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As Always…. Discussion and Analysis of the Latest Iraq, Dinar & RV News….Pre & Post RV Information…Q & A

Every Tues & Thurs 8PM EST
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Member parliamentary Finance: the increase in central bank sales of the dollar does not affect its cash reserves

July 19, 2013

Ruled out a member of the Finance Committee MP / National Alliance / Amin Hadi Abbas, influenced by increase in sales of the Central Bank of the dollar in the auction on the monetary reserves of hard currency, stressing that the bank has no fixed roof of the sale, but selling by the actual need of the market. Abbas said (of the Agency news):

The policy of the Iraqi Central Bank on the sale of hard currency has no fixed roof of daily sales, but according to the market needs of both traders Aoualemredy Aoualemsavrin to the dollar.

said: that most of the private banks to take over a large proportion of sales of the bank, and this is due to the lack of absorption The new policy adopted by the central bank about buying and selling, noting that the central bank is not responsible for it.

Between: The Ministry of Finance is supposed them to open bank branches governmental organizations in all towns and villages in various governorates in order to deliver the dollar to all citizens, and in order not to get the monopoly of foreign currency to hand without the other.

was Iraq’s central bank announced an increase in sales of hard currency in its daily auction during the past few days.