[millionday] Yaseri that the Finance Committee “supports the changes to the local currency because of the economic importance to the country.” the Central Bank said that the deletion of zeros is part of a plan to develop monetary policy and currency management reform.

The CBI had said in August that it planned to delete the zeros of the Iraqi dinar to facilitate financial transactions made through criticism most often.

Among the difficulties facing Iraq if he wanted to delete the zeros of the dinar is pulling about 30 trillion dinars circulating in the Iraqi market is then discarded and replaced with a new currency.

    [cookie2] Wow!

    [wmawhite] They are beginning preparations.

    [millionday] my mood can not be changed tonight smile

Read More Link On Right

     [MeKevinB] will start preparations? ugh!

    [millionday] on the 27th

    [snowflake59] Big smile

    [millionday] what is the date today  hmmm

    [Godsalli/Jim] Why does it say CBI said in August?

    [ROBINREDHED] 27th

    [millionday] Parliamentary Finance: Central Bank starts during the current year measures the deletion of zeros from currency Baghdad. Sabah said parliamentary Finance Committee, the central bank, according to correspondences official start of this year procedures deleting three zeros from the local currency, saying that it would lead to the development of cash transactions and economic international.

A member of the Finance Committee Abdul Hussein al-Yasiri Center Brief for the Iraqi Media Network (IMN) It “According Almkhtabat official with the central bank, it is supposed to start this year Balastaadadt necessary to delete three zeros from the local currency.”

and noted that “the local currency will reduce from four billion units to one billion units which will make there Anciabh in the process of the transfer of currency.” and between Yasiri that “the Finance Committee supports changes to the local currency because of the importance of the country’s economic

    [myblifeguard] Godsalli/Jim that was LAST August

    [cookie2] August of last year?

    [millionday] Godsalli/Jim probably because that is 4 days away

    [wmawhite] Godsalli/Jim ………….It is a comment that the CBI recommended to do this last August.

    [CashMoney] sorry but that is the exact definition of a REDENOMINATION or AKA LOP

    [CashMoney] delete the zeros of the dinar is pulling about 30 trillion dinars circulating in the Iraqi market is then discarded and replaced with a new currency

    [millionday] oh i see that — right

    [millionday] CashMoney a redenomination is not the same as a lop

    [millionday] >>>>>>>>>>>>>>>>>>>>>>>>>economic international

    [wmawhite] CashMoney ………A LOP is a reduction in the value of a currency. Iraq is telling us that they will increase the value of the IQD.

    [Godsalli/Jim] Come on Iraq lets do this!!!

    [millionday] a lop is done when the inflation and the pricing and the currency has three or four or five zeros — this is not a lop     NOT   smile

    [CashMoney] if they have 30 trillion in circulation how are they gonna cover that?

    [Godsalli/Jim] NOT

    [wmawhite] CashMoney …..because the current value is so little they currently need larger notes. With the increase in value there will be no need for the 000a.

    [wmawhite] 000s

    [faith1] reserves

    [millionday] CashMoney what will happen is that our country will hold in reserves and many countries will use the dinar to raise their value in reserves and that will raise the value of their currency as well

    [millionday] therefore — the global economic condition will be effected by this plan through iraq and that is the largest in how

    [CashMoney] im not here to argue with anyone – you can believe whatever you like – but if there is 30 trillion in circulation they will redenominate first then increase the value

    [wmawhite] CashMoney ….the CBI has told us in the ARTICLES that with their current reserves that they can support a value of $2.50

    [millionday] no-regret no hun — they said they are beginning it today and that goes right with the major international banks making a huge speech for their entire country

    [JamVox] CashMoney they don’t have 30 tril in circ, they have been withdrawing it for the last two years    auctions

    [no-regret] millionday thx

    [millionday] CashMoney the increase in exchange rates will be a result

    [Godsalli/Jim] Million that sounds soooooo gooooood

    [CashMoney] JamVox not according to the article MD just posted

    [myblifeguard] Wow….macro and microeconomics at the same time….

    [CashMoney] like i said im not here to argue with anyone

    [millionday] CashMoney and we dont argue here hun — you are free to speak your opinion with no negative result what so ever   i promise you that

    [JamVox] CashMoney don’t believe everything you read

    [CashMoney] lol

    [no-regret] CashMoney they will not have to cover 30 trillion because they have been pulling it off the streets by the auctions everyday

    [wmawhite] CashMoney CashMoney …..the redenomination has been in process for well over a year. The larger notes have been reduced greatly.

    [millionday] you may always speak — we are adults and that is what the best thing is about this site

    [millionday] The central bank says that the deletion of zeros comes within the plan for the development of monetary policy and the reform of currency management. and was a member of the Finance Committee parliamentary Haitham al-Jubouri,

had said in an earlier statement to him that “replacement currency and delete Ocefarha will features the best and the biggest decrease of the volume of inflation and revive the dinar due to lack of demand for the dollar,

which comes positive aspects significant to the economy of the country, and replaced revive economy Alibd but needs political environment and economic environment for the implementation of the project without facing any obstacles lead to the deterioration of the currency Iraqi “.

was the Iraqi Central Bank has pointed out last August that plans to delete the zeros from the Iraqi dinar to facilitate financial transactions made ​​through cash in most cases.

    [millionday] lets actually put the whole thing together and see if it makes sense and then we will quit

    [millionday] Start delete actions 3 zeros from alamlha July 27, 2013 : Start delete actions 3 zeros from alamlha Baghdad, Iraq (CNN)–Iraq’s parliamentary Finance Committee that the Central Bank, according to official correspondence, will start this year with three zeros deleted from the local currency,

saying it will lead to the development of international economic and monetary transactions, in a new twist in the Iraqi currency, which suffered waves of inflation and exchange rates.  

“The Iraqi media network,” the official, a member of the Finance Committee, Abdul Hussein Al-yasiri, said that he would begin preparations for the deletion of three zeros from the local currency, adding that the local currency “will cut 4 billion to billion, which will make a smooth transfer currency”.

 Yaseri that the Finance Committee “supports the changes to the local currency because of the economic importance to the country.” the Central Bank said that the deletion of zeros is part of a plan

    [millionday] Yaseri that the Finance Committee “supports the changes to the local currency because of the economic importance to the country.” the Central Bank said that the deletion of zeros is part of a plan to develop monetary policy and currency management reform.

The CBI had said in August that it planned to delete the zeros of the Iraqi dinar to facilitate financial transactions made through criticism most often. Among the difficulties facing Iraq if he wanted to delete the zeros of the dinar is pulling about 30 trillion dinars circulating in the Iraqi market is then discarded and replaced with a new currency.

    [millionday] Parliamentary Finance: Central Bank starts during the current year measures the deletion of zeros from currency Baghdad. Sabah said parliamentary Finance Committee, the central bank, according to correspondences official start of this year procedures deleting three zeros from the local currency, saying that it would lead to the development of cash transactions and economic international.

A member of the Finance Committee Abdul Hussein al-Yasiri Center Brief for the Iraqi Media Network (IMN) It “According Almkhtabat official with the central bank,

it is supposed to start this year Balastaadadt necessary to delete three zeros from the local currency.” and noted that “the local currency will reduce from four billion units to one billion units which will make there Anciabh in the process of the transfer of currency.”

and between Yasiri that “the Finance Committee supports changes to the local currency because of the importance of the country’s economic.”

    [millionday] The central bank says that the deletion of zeros comes within the plan for the development of monetary policy and the reform of currency management.

and was a member of the Finance Committee parliamentary Haitham al-Jubouri, had said in an earlier statement to him that “replacement currency and delete Ocefarha will features the best and the biggest decrease of the volume of inflation and revive the dinar due to lack of demand for the dollar, which comes positive aspects significant to the economy of the country,

and replaced revive economy Alibd but needs political environment and economic environment for the implementation of the project without facing any obstacles lead to the deterioration of the currency Iraqi “.

was the Iraqi Central Bank has pointed out last August that plans to delete the zeros from the Iraqi dinar to facilitate financial transactions made ​​through cash in most cases

    [purecountry] adding that the local currency “will cut 4 billion to billion, which will make a smooth transfer currency”. Am I reading that right? a $4 rate just to make it an easy adjustment for the citizens?

    [millionday] the raise in the exchange rates to all countries is a result from this and this is great — the application of the monetary policy starting today is what some have been hearing and some of us have great and i mean great sources   smile

    [ROBINREDHED] wow

    [millionday] so now for that drink   wow is right

    [ROBINREDHED] thats huge

    [cookie2] Wooooooooooooooooooooooooooooooooooooooooooooooooo oo Hooooooooooooooooooooooooooooooooooooooooo!!!!!!!! !!!!!!!!!!!!!!!!!!!!!

    [millionday] one day off — not bad smile   cheers

    [Godsalli/Jim] That would be awesome

    [EduKate] millionday are you saying what I think you are saying?

    [ROBINREDHED] ya milly what ya sayin?

    [janiem] millionday – sorry I am lost. What is one day off?

    [Godsalli/Jim] Answer the Hag lol

    [ROBINREDHED] lol, right?

    [EduKate] millionday it may be the wine talking, but I love you

    [millionday] i am saying i should have had this article yesterday   lol

    [millionday] i think the august point was to brag of their prediction

       [no-regret] i think the 4 billion to 1 billion is talking about the number of bills

    [millionday] i think the august point was to brag of their prediction

    [millionday] so lets cross our everything — sounds good to me

    [millionday] thANKS all and i pray this is it for ya — really i pray this is the beginning of what we have waited for — it sure does look good with the banking release speech

Millionday News 7/27/13

    [millionday] ok i have an economic report i want to bring  here we go

    [millionday] Confirmed that the local market focus the world’s attention New ambassadors of Britain, Australia, Japan willingness of their countries to invest in Iraq came during a reception and banquet action was brought by members of the public of the Association of private banks in Iraq in honor of ambassadors.

 In his speech said British Ambassador Simon Coles said the future of Iraq is a very positive indicator that he has substantial resources can employed to achieve economic development in particular, and he enjoyed a growth rate of 9 percent, according to international estimates and reports.

Read More Link On Right

     [millionday] He added that the companies and the major British banks have the desire to invest in Iraq because of the importance of the Iraqi market in many countries of the world and in answering a question (morning) for inhibitor for the companies to invest in the country,

said the circumstances experienced by Iraq made it’s gray with him at most companies mission and raise concerns, but it needs to be an active role for the Iraqi private sector to change this image and promising to work together in order to encourage British companies and banks to come to Iraq.

    [millionday] He noted that the embassy staff works hard to transfer the real picture to the British government for successful performance and quality of Iraqi banks and the possibility of investment and participation in, stressing his country’s keenness and support to achieve reform and economic stability in Iraq.

Revealed the British ambassador about the intention of the embassy opening port in Arbil, Kurdistan to grant visa to Iraqis and the end of the month. The British Embassy has opened an outlet in Baghdad recently for the granting of visas for Iraqis to facilitate their travel after it was granted to them in Amman.

    [millionday] this is very positive news   and there is more we may get a clue from this and their country news so brb with more

    [millionday] He expressed the British ambassador’s willingness embassy to provide all facilities for the money men in Iraq in coordination with the Association of private banks in Iraq as the body representing the private sector.

Lama Ambassador of Japan Mpso Mo is the other gave a speech addressed the role of Japanese companies in the implementation of infrastructure projects in Iraq and many projects strategy.

    [millionday] They noted that Japanese companies are willing to invest in Iraq, but are looking for a solid banking sector is able to provide its services and we are working on activating this aspect with the League at the moment.

Australian economic cooperation As expressed Ambassador Australia Lendl Sachs her country’s desire to deepen economic cooperation with Iraq in various fields, especially in the field of various industries, which is famous for its Australia and that can be transferred to Iraq for the advancement of production, where it can be broad investment in this area, which has all the ingredients for success.

    [millionday] note — looks like something positive has happened with them back – there is more

    [millionday] He was president of the Association of private banks in sweat Adnan Chalabi has made a detailed presentation about the nature of activities undertaken by private banks in Iraq and the size of big money hoping to strengthen cooperation and partnership with international banks to strengthen the financial capacity to accommodate the requirements of construction and reconstruction, investment and development in the country.

    [millionday] The representative called the Association of the Economic Commission of the Council of Ministers Nawzad dry to the ambassadors in building bridges of cooperation between the Iraqi banks and banks of their countries after they admitted in their speeches potential large possessed by Iraq to contribute to the reconstruction and construction and investment in order to achieve economic development programs in the country.

Pointed out The Iraqi banks have solvency after raised their capital to implement the decision of the Central Bank of Iraq that contributes to the provision of banking services required for companies wishing to invest in Iraq and its willingness to participate as well.

    [millionday] ?>>>>>>>>>>>>>>>>.. Pointed out The Iraqi banks have solvency after raised their capital to implement the decision of the Central Bank of Iraq that contributes to the provision of banking services required for companies wishing to invest in Iraq and its willingness to participate as well.

    [ROBINREDHED] im invested

    [millionday] me too!!  raised capital – hmmm there is more — smile

    [ROBINREDHED] yay

    [millionday] smile

    [millionday] As a member of the governing body of the Association of Wadih Handal has said in his speech during the ceremony that the private banks were able, in cooperation and coordination with the Iraqi Central Bank to stabilize the exchange rate of the dollar against the Iraqi dinar.

Said Handal ambassadors invited keenness of the private sector to support development programs through the implementation of measures and decisions of the Central stressing the power of the Iraqi dinar and sedate the local economy of what is owned by the Central Bank of the cash reserve is able to cover the needs of Iraq in all circumstances.

Promises ambassadors Took place after lengthy discussions between the ambassadors and representatives of banks on ways of cooperation and partnership truth for the advancement of the Iraqi economy emerged from the ambassadors promises to provide support and facilities necessary to activate the ties of cooperation with Iraq in general and the private sector in particular.

    [millionday] wow — so they are saying this

    [millionday] with the interaction of the international banking community as we see here — they are able to raise the dinar and stabilize the dinar through the application of the reform — very nice — huge speech for the citizens

    [millionday] this is great news and seems very close for this to be a group speech in the support of the banking reform ect very nice — big smile   brb with more

    [ROBINREDHED] very very

    [millionday] what ya think red — whoop whoooop in order ?

    [ROBINREDHED] love it

    [millionday] whooop whoop  me too

    [Fresh] ROBINREDHED millionday looks AWESOME!

    [millionday] also without bringing the whole law

    [millionday] i would like to tell you they have changed the amounts of the leave pay for governmental and professionals for iraqs and for international contractors

    [millionday] the way it is stated though does not let us know if it is an annual calculation or for the whole three year leave time applied so i will do more research on it but —- this is already printed

    [millionday] brb with more  and they changed another law  oops regulation

    [snowflake59] Millionday, when does the new amounts go into effect or do we know that?

    [millionday] the pay for the widows has been changed to be applied as in the budget for this year

    [millionday] very strange how they changed it as an amendment but the timing to me is very interesting and also how it is stated just to amended to the budgeted amount —

    [millionday] the wording makes it a legal change but — very strange they are hiding the amounts but

    [snowflake59] ok, thanks

    [ROBINREDHED] yeah

    [millionday] if you look at many other issues such as this — they tend to hide many officials pay and recipients ect    [millionday] so just a side note – smile  brb with more

    [millionday] loved the report the international banks are there are stating they will support the monetary and banking reform   love it  brb

    [ROBINREDHED] support it when????? now????

    [ROBINREDHED] hoping

    [millionday] they are on a podium announcing so it would seem very

    [millionday] it seems as a great hurry

    [hstrymknwmn] millionday is this the podium they were building?

    [millionday] not sure —

    [hstrymknwmn] k

    [millionday] at the media center is what she means  im just not sure and dont want to guess smile  here is this on the budget for parliament  ] lets look at this and i will show you some others so we can compare

    [millionday] would love to get a clue from this —  And showed documents seen by the “morning” intercept and kept in the absence of the 214 deputies from voting on the budget of the House of Representatives in 2013, amounting to more than half a trillion dinars.

 However, the Parliament voted preliminary approval after support 108 deputies only them, called a large number of MPs to declare their reservations on the size of the budget. Comes objections parliamentarians on the size of the funds allocated in the budget of the Council, in sync with the criticisms leveled by the religious authority last Friday, when expressed surprise at the size of allocations large House of Representatives. sparked details of the financial allocations for expenses Council operational for the year 2014,

    [millionday] considerable debate among political circles and social development, especially after monitoring the Council 12 billion and 300 million dinars allocations hospitality, and 550 million allowances and travel expenses, and $ 250 million dinars for publishing and media and 100 million dinars to participate in the newspapers, and monitor the amount of three billion and 350 million dinars for the allocation and expenditure of IFAD, and $ 22 billion and 275 million dinars allocations exceptional did not indicate exactly what it is, as well as the allocation of $ 33 billion and 520 million dinars allocations livelihoods.

 MP Mohammad Kayani between the “Center Brief for the Iraqi Media Network,” said a vote on the budget of the Council, are preliminary, but not final, saying his vote “yes” come and according to the need of the legislative institution.

    [millionday] goodness looks like ours — ooops smile

    [millionday] The House of Representatives had voted at its ninth meeting of the legislative term first legislative year fourth Monday the past eight laws notably balancing the House of Representatives in 2014.

and seen the “morning” on documents showing tables names of deputies voting in favor of the budget the House of Representatives, which amounted to 528 billion Iraqi dinars, and other documents indicating the names of deputies objectors on the budget parliamentary included buy bicycles and cars pregnancy, and clothing to the staff of the Council, as well as many other tabs included in the budget.

    [millionday] The document recently that the House of Representatives voting to approve those budget numbered 108 deputies, with the reservation 24 deputies, and objected to 54 deputies, while the number of deputies absent from the session 136 deputies.

For his part, expressed his MP Kazem Al Shammari during his speech for “Center Brief for Media Network Iraq, “refusing to vote to approve the operating budget of the Council. Shammari stressed that the vote on the budget could open the door wide for the financial and administrative corruption.

    [millionday] i would say it would look very much as corruption — cars and bicycles?  lets compare some other country budgets – brb    this is the US of A

    [millionday] The President’s Fiscal Year 2014 Budget demonstrates that we can make critical investments to strengthen the middle class, create jobs, and grow the economy while continuing to cut the deficit in a balanced way.

The President believes we must invest in the true engine of America’s economic growth – a rising and thriving middle class.

He is focused on addressing three fundamental questions: How do we attract more jobs to our shores? How do we equip our people with the skills needed to do the jobs of the 21st Century? How do we make sure hard work leads to a decent living? The Budget presents the President’s plan to address each of these questions.

    [millionday] To make America once again a magnet for jobs, the Budget invests in high-tech manufacturing and innovation, clean energy, and infrastructure, while cutting red tape to help businesses grow.

To give workers the skills they need to compete in the global economy, it invests in education from pre-school to job training. To ensure hard work is rewarded, it raises the minimum wage to $9 an hour so a hard day’s work pays more.

    [millionday] The Budget does all of these things as part of a comprehensive plan that reduces the deficit and puts the Nation on a sound fiscal course. Every new initiative in the plan is fully paid for, so they do not add a single dime to the deficit.

The Budget also incorporates the President’s compromise offer to House Speaker Boehner to achieve another $1.8 trillion in deficit reduction in a balanced way. When combined with the deficit reduction already achieved, this will allow us to exceed the goal of $4 trillion in deficit reduction, while growing the economy and strengthening the middle class.

By including this compromise proposal in the Budget, the President is demonstrating his willingness to make tough choices and his seriousness about finding common ground to further reduce the deficit.

    [millionday] just had to bring that from the first page — not the info from the stats i am bringing but thought it would make you smile   [millionday] brb

    [ROBINREDHED] it did

    [millionday] lol here is something we can use to compare   this is just homeland security here

    [millionday] Provides $39 billion in discretionary funding for the Department of Homeland Security, a decrease of 1.5 percent, or $615 million, below the 2012 enacted level.

The Budget funds critical capital needs and continues a commitment to core homeland security functions, such as transportation security, cybersecurity, and border security.

Estimated savings of more than $1.3 billion are created by reducing administrative costs and streamlining professional services. To improve disaster preparedness, the Budget reforms homeland security grants by allocating resources based on risk reduction.

    [millionday] department of defense

    [millionday] Provides $526.6 billion in discretionary funding for the base budget of the Department of Defense, a decrease of $3.9 billion, or 0.7 percent, below the 2012 enacted level.

 This level provides sufficient resources to carry out our national defense strategy. • Responsibly draws down our military presence in Afghanistan and supports the transition to full Afghan responsibility for their country’s own security.

    [millionday] so as we see — there is the whole amount in dollars as to what they have for dinars for parliament — so cant imagine obviously it would be at the rate it is now

    [millionday] just trying to find some things to use as some type of comparison

    [ROBINREDHED] we get it

    [millionday] but anyway — thought it was going to be more interesting  lol  i know right – anyway  lol

    [millionday] so here is something fan tastico from one of our members dont miss a word

    [millionday] Start delete actions 3 zeros from alamlha July 27, 2013 : Start delete actions 3 zeros from alamlha Baghdad, Iraq (CNN)–Iraq’s parliamentary Finance Committee that the Central Bank, according to official correspondence, will start this year with three zeros deleted from the local currency, saying it will lead to the development of international economic and monetary transactions, in a new twist in the Iraqi currency, which suffered waves of inflation and exchange rates.

“The Iraqi media network,” the official, a member of the Finance Committee, Abdul Hussein Al-yasiri, said that he would begin preparations for the deletion of three zeros from the local currency, adding that the local currency “will cut 4 billion to billion, which will make a smooth transfer currency”.

Yaseri that the Finance Committee “supports the changes to the local currency because of the economic importance to the country.”     [millionday] is that more exciting red?  smile

    [cookie2] millionday I like it bunches!!

    [wmawhite] millionday …this is from CNN!!!

    [millionday] whooop whoooop

    [Godsalli/Jim] CNN ? LMAO

PART 2 CONTINUED


Baghdad/ NINA /–Sales of dollar by the Central Bank of Iraq CBI and purchase of other foreign currencies on Sunday auction rose to 210 million and 986 thousand dollars, after having hitt on last Thursday auction the level of 151 and 358 thousand dollars, with a stable exchange rate of 1166 dinars per dollar.
The daily bulletin issued by the Central Bank said : ” The demand for dollar was ranging on today’s auction around the level of 28 million dollars, that sold in cash.

Emailed to Recaps:

MWG450 said:MWG450/ i am in iraq as i have stated before and as midnite 27 july 2013 all is quiet over here have heard that 0900 when CBI open they are to release the notice to all concerned , thats what was said in meeting behind closed doors, only from hallway in the building , meeting lasted about 2 hours , major players in meeting / MWG450

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

TNT:

[Longhorn Dave] I hope tomorrow but even when the interface issues are resolved you still have the EGOs at 1600 Penn Ave. [Longhorn Dave] Guys I posted this AM that our IT groups has been working around the clock for three days and we are still working out interface issues with Iraq. Keep the hope going. Hook EM!

[dboy] mrzbigsc Loechin said “Guys here is the deal I was told to look that they was a possibility that we could see this between 10PM and 5AM EST … I am hoping someone is right …. loechin] Guys we can only bring you what we are hearing and confirming. I am hoping and praying that tonight is our night”
….
Read More Link on Right

collie] . the ISX annoucing they will be closed from 7-25 to 8-1-13  http://www.isx-iq.net/isxportal/portal/storyDetails.html?storyId=1433&

[nomadandboop] Everybody just remember this, no matter what your plan is ” If your waiting for your ship to come in, be sure you’re not at the airport”

**********

DavidM: This Train We all Are On: My TNT Friends,

I have read several posts recently of those who feel discouraged, let down, angry, confused, and/or downright calling into question, what Tony passes on to the TNT Members.

We are ALL on this journey together.  A few have been on this train for a very long time.  Some, have journeyed a short distance, While still others, have just taken their seats.  The common bond between each and everyone on this ride, is that we ALL have a belief, a faith, a knowing at our core, that we are on the right train, headed in the right direction, and going to arrive at the right place …RIGHT ON TIME.

The very worst thing to do is to create a condition whereby one starts to hold any doubt, any worry, any fear, any anxiety as to whether the train will take us to where we desire to go.  Any of these conditions can erode your well being and rob you of what you desire.  The ONLY way you can lose…. is if you give up!  The ONLY power these conditions have over you… is what you give to it!

I suggest that we all keep our heads up…. keep our eyes focused ahead … maintain a level of positive appreciation for the everyday abundances we receive … hold tight to the expectation and realization of the blessing close at hand … and never, ever, ever, ever allow a negative thought, feeling, idea, or word, pass from our lips.  For it is said … “Ye shall reap what ye shall sow”.  The only remaining question is, “If it’s going to happen anyway, why not reap the benefit from the abundance of good … opposed to the abundance of bad?”  We TRULY do have a choice!

There are no children among us.  Each and everyone here, is aboard this train willingly, and of their own choosing.  Our decision to continue the ride, and our well being while on the ride, should NEVER be contingent upon what Tony shares with us, or the timeliness of his message.  As adults, we are in control of ourselves…. NOT Tony, your neighbor, your friend down the street, or anyone else.  Who here would give up that kind of control over oneself, and allow another to possess it?  You are in control of yourself, and in effect, your well being as well.  Lets all remember that.

Whatever the momentary condition, the seemly unending delay, the heartbreak of disappointment, please remember this…. All we can do is enjoy the ride, appreciate the company of others sitting next to us, anticipate the train reaching its destination, and then, embark on the next leg of our journey wherever it may lead.   As we cannot affect anything about the train … BUT, we can affect everything about ourselves!

Thank you for being a positive contribution to my train ride with you.  It is a pleasure to be a passenger with you on this journey.
Best Regards,  DavidM

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

I4U:

gdsgrl21] I went to school to become a wit, only got halfway through. Lol

[gdsgrl21] I wish the buck stopped here. I could use a few … haha!

[gdsgrl21] All those who believe in psychokinesis, raise my right hand. Grin

gdsgrl21] Did you hear about the yogi who was having a filling put in a tooth? When the dentist asked him if he wanted Novocain, the yogi said, “No. I can transcend dental medication.” lol

[gdsgrl21] If someone with multiple personalities threatens to kill himself, is it considered a hostage situation? Roflmao

[gdsgrl21] If a turtle doesn’t have a shell, is he homeless or naked?

gdsgrl21] If the police arrest a mime, do they tell him he has the right to remain silent?

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

From Recaps Comment Section:

Sandyd said:Hello Everyone,

I understand the frustration on all sides, about a week ago i was upset and wrote to dinar recaps about the way i was feeling, and it did not get posted, although i wasn’t bashing anyone, just info that had been put out was in question.

But since then I reminded myself the reason that i was coming on here to begin with and that was to get information from some of those people that said they had great intel.

Now these people told us that they would tell us what they could when they could good or bad, They have no control over what is being told to them either, they are like the majority of us that some news is better than no news, in hopes that it all comes true.

Can you imagine if we came on Dinar Recaps and there wasn’t anyone at all and no information from anyone. I for one would rather hear from the intel providers that have as much hope as i do, giving what little bit of info they can gather then nothing at all.

I give our intel providers a lot of credit to come on here to tell us what they have been told knowing there is that chance they could be wrong, but they told us they would give what they could good or bad.

They are just people, and they have their integrity on the line but they do it for us.

Bashing someone doesn’t change anything. Those who bash are frustrated and need to remember life is too short to cause others pain. If this makes someone angry then take at shot at me it’s alright i can take it.

But don’t shoot the messengers that gives us only what they know and what we have asked them to do. life is hard, but you need to smile because you get what you give.

Jester] THAT’S WHAT I HAVE… GOT TIME A FEW FOR SOME QUESTIONS… GOING TO STOP AT 10:30 SHARP TO LET THE MODS HAVE TIME TO GET LINKS TO THE FORUM AND SUCH….

justone895] Jester after you are finished, how will we be able to tell the difference if we get speech A or speech B?

[sk8pastort] Jester at what point will we know if speach A or B has been given? and will you let us know imediately following the speach?

[Jester] justone895 sk8pastort I WILL BE WATCHING TOO… AND TALKING WITH MY PEOPLE.. I WILL LET YOU KNOW AS SOON AS I CAN….

[dinarchaser] Jester Truth or dare? Qe cards to be active by end of July requiring revalued IQD.

[Jester] dinarchaser HAS HAPPENED BEFORE… IT IS NOT ABOUT Q CARDS.. IT IS ABOUT A GLOBAL RESET…

[sandytob] Jester Someone said that the EU was given until Aug 1 to be Basil 3 compliant. Any truth to that? And is that causing hold ups? And why is ISX going to be closed on Aug 1st (due to hot weather)?
….
Read More Link on Right

[Jester] sandytob NOT AWARE THAT IS ANY HOLD UP… WHEN THE SYSTEM RESETS IF THEY ARE NOT READY IT WILL BE REFLECTED IN THEIR CURRENCY VALUATION…

[dinarchaser] Jester Jester Truth or dare? Mastercard may not agree with you. They have a lot riding on going international, from what I’ve heard.

[Jester] dinarchaser MASTERCARD AND WELLS FARGO AND A LOT OF OTHERS THAT DO NOT HAVE A SAY IN THE MATTER…

[HIGHERGROUND] Jester IMHO…I think that is somewhat incredulous to think that there is as Speech A and B?! This was, by all accounts to go down Thursday. So, now we have to process some dignitaries over the mess in the world and potential implosion. Something just doesn’t sound “right” … respectfully…

Jester] HIGHERGROUND TELLING YOU HOW I GOT IT… YOU DO NOT HAVE TO BELIEVE IT IF YOU DON’T WANT TO…

[berry] Jester if i understand right if this goes thru tonight we get speech a if it dosent go thru tonight we get speech b

Jester] berry PRETTY MUCH…

[fhdinar] Jester, are you still concerned about the back wall date if the speech is “b” tommorow?

[toolfan4] Jester this weekend backwall….do things need to be extended or redone, so to speak….if they have or are going to expire?

[Jester] toolfan4 fhdinar WE ARE AWARE OF TREATIES WITH EIGHT COUNTRIES THAT MAY NEED AN EXTENSION IF THAT IS THE CASE…

[Diogenes] Jester When you say the US is next up to lead the peacekeeping forces, do you mean the US Corporation fraud. gov’t or the Republic? Aren’t the issues really about those that are funding and provacatuering all this stuff in Syria are the same ones intent on delaying or stopping the GCR/RV?

[Jester] Diogenes GOOD QUESTION… BUT GETTING IT DONE WOULD ALIEVIATE THE SITUATION.. AND MAKE THAT UNNECESSARY… THUS THE PRESSURE…

[lightman1] Jester why give a plan B if A is so close

[Jester] lightman1 BECAUSE THE ANNOUNCEMENTS ARE ALREADY SET UP FOR TOMORROW AND HINGE ON THINGS GETTING DONE IN TIME…

FLPatriot59] Jester Who is in control – really? The IMF, UN, etc.? Who will determine which speech is given?

[Jester] FLPatriot59 THE REALITY IS STILL THE SAME… CHINA IS IN CHARGE…. BUT THEY WANT IT DONE RIGHT…

tampa—dd] Jester Will speech A specifically speak of the Jester GCR or will it be a dinarian type read between the lines and check your emails

Jester] tampa—dd GOOD QUESTION… WE HAVE NOT SEEN THEM… WE KNOW CHINA WANTS SOME ANNOUNCEMENTS… WE WAIT AND SEE WHAT HAPPENS ALONG WITH YOU…

moneydr] Jester, you said this weekend was a backwall. Do you still believe that?

[Jester] moneydr I BELIEVE I SAID THERE IS A BACK WALL THAT WILL REQUIRE EXTENSIONS OR REWORKING IF NOT MET… PLEASE DO NOT TAKE THAT OUT OF CONTEXT….

Raytheplumber] Jester sounds like if we get speech A the emails should follow?

[Jester] Raytheplumber THAT IS THE WAY I SEE IT… SIMPLE AS THAT…

[HIGHERGROUND] Jester yes.. you even referred us to ZAP’s post about this week or sixy days…

[Jester] tampa—dd HIGHERGROUND UNKNOWN TIME… AND YES… ZAP’S POST WAS THE REASON WE STARTED LOOKING THIS DIRECTION… TOOK US ALL WEEK TO FIGURE OUT WHAT HE WAS TALKING ABOUT…

dinofan] Jester is speech B just going to more of the same lip service that O gives to the economy and growing it through the “middle class” to stall for time?

[Jester] dinofan THAT IS A POSSIBLITY… I’D SAY A GOOD ONE REALLY…. NICE THINKING..

pokerbrat] Good questions dont u think Jester? you have educated us

Jester] pokerbrat I WOULD SAY THAT IS A FACT… WE HAVE ALL COME A LONG WAY… INCLUDING ME…

HIGHERGROUND] Jester I really do think that with the pressure and additional work that would be needed, they really do want this done with a Speech A…

MarkZ] Jester Are they wearing you out tonight? :) What he is saying is that they will not announce this thing until they are certain it is complete. Anything else would be horribly irresponsible.

[Jester] HIGHERGROUND AND I WOULD SAY YOU ARE CORRECT… HENCE THE AVAILABILTY OF IT… I FEEL THEY REALLY WANT SPEECH A.. AND THAT SPEECH B IS A BCK UP PLAN JUST IN CASE THERE IS A CATASTROPHE OF SOME SORT….

[gdsgrl21] Jester Glad I wasnt the only one who didn’t know what Zap was talking about lol

[Jester] gdsgrl21 TOOK US A BIT OF TIME TO RUN THAT ONE DOWN…

[sananddan24] Jester not trying to hem you up ir anything, but the senerio “One Saturday night” could be tonight? By a long shot…

[Jester] sananddan24 IT IS A POSSIBILITY… I AM HOPING TOO..

[keiji] MarkZ are you stunned it didn’t happen this week? :)

[MarkZ] keiji Actually no, I am happy with the progress made this week and finally feeling very relaxed about where we are.

[FLPatriot59] Jester What would prevent – tonight during the night – this from happening that would nessicitate Speech B?

[Jester] FLPatriot59 UNKNOWN… WE ARE CLOSE TO IT.. BUT NOT THAT CLOSE…. LOL

[amg] jester i have sent articles and information to our Americain family and I believe they want to have us committed to an asylum lol

[Jester] amg GOOD DEAL.. WE ARE GOING TO NEED ALL THE HELP WE CAN GET AFTER THIS… A LOT OF WORK TO BE DONE…

[MarkZ] Lew is to be on 4 out of 5 of the big news shows tomorrow. We just need to relax and watch..

[bebba] Jester so it could be tonight is the Saturday night even though Lew has not made his announcements…

[Jester] bebba IT COULD… THEY HAVE IT SCHEDULED… WE WAIT AND SEE…

[pokerbrat] Jester will we know pretty quickly if it is speech A or B?

Jester] pokerbrat I BELIEVE WE WILL.. WE ARE TIED IN PRETTY WELL… GOT A CALL AT 1PM TOMORROW TO DISCUSS IT WITH THEM…

[TNGirl] Jester and then you will come into chat to discuss it with us? :_)

[Jester] TNGirl I WILL LET YOU KNOW WHAT WE DISCUSS SHORTLY THEREAFTER…

[Canadinar] Jester I think if they can’t go to air with Lew’s A speech, then they should simply discuss all the “phony scandals” instead. Speech B would seem to be a “non-event”, IMO

[Jester] Canadinar PROBABLY ONE AND THE SAME…

FLPatriot59] Jester So even if the button is pushed tonight you’re saying you won’t know it until you analyze the speech at 1PM tomorrow? I’m confused.

[Jester] FLPatriot59 LIKE I SAID… WE ARE TIED IN CLOSE…. BUT NOT THAT CLOSE… SECURTIY IS VERY HIGH RIGHT NOW…

[Jester] HEY MARKZ…. I THINK THE QUESTIONS ARE STARTING TO REPEAT… I PROMISED THE MODS I WOULD QUIT AT 10:30 ANYWAY… YOU GOT ANYTHING YOU WOULD LIKE TO ADD?

[MarkZ] Jester They are collecting cell phones at the security doors at the locations involved. The folks on the boards are going to need to understand what patience means…

[Jester] MarkZ THIS IS TRUE…. THAT IS WHAT I MEANT BY HIGH SECURITY…

[MarkZ] Jester I am not sure what you have already covered.

wheezer2] MarkZ MarkZ where are they collecting cell phones?

MarkZ] wheezer2 Any place that might set an appointment or have a three letter designation that could be involved in the RV/RESET.

[Jester] MarkZ COVERED LEW’S ACROSS THE NETWORK BROADCAST FOR TOMORROW… COVERED WHAT IS GOING ON IN THE UN TODAY WITH SYRIA AN EGYPT… STUFF LIKE THAT…

[Diogenes] MarkZ Jester How much security was there before June 6, 1944? JMO

[MarkZ] Diogenes a lot I am certain but technology sure has changed…

[firenice] Jester at what point will treaties have to be extended?

Jester] firenice WHEN THEY EXPIRE… THEY WILL HAVE TO BE EXTENDED OR REDONE IF THAT HAPPENS…

[xfilesfan2013] MarkZ please give us a brief rundown of where we stand with this thing…

[MarkZ] xfilesfan2013 Absolutley nothing has changed with my last comment. If you are not keeping an eye on Okie’s plane you are missing the boat.

[Jester] MarkZ I AGREE… I AM SITTING AT THE END OF THE RUNWAY…

[xfilesfan2013] MarkZ ty eyes are wide open

[MarkZ] xfilesfan2013 I like that phrase for this! We dinarians have had our eyes opened.

[dinarchaser] MarkZ Thanks for helping rescue Jester. Pretty busy in here.

[MarkZ] dinarchaser He is too nice a fellow to leave to the chatwolves…

[Iank1978] MarkZ or Jester there seems to be people in here who can’t believe two different speeches were recorded can you address them

 [MarkZ] Iank1978 This thing has been so crazy that it has required it. We do not live in a black and white world. This is as dynamic an event as history has ever seen.

[berry] Jester hope you dont have to come in and explain the speech hope your already here partying

[Jester] berry I AM WITH YOU THERE! LOL

[montana2] Iank1978 2 different speeches 4 x each. 4 different networks. Well………..

[musiccitylady] the real question is, where will we be next Saturday night?

[MarkZ] musiccitylady shopping

[musiccitylady] MarkZ u reckon?

[keiji] MarkZ are you aware if they tried to push this through last night?

[MarkZ] keiji They have been trying for days. They will get it. Just listen for da plane boss

montana2] This A and B stuff sure opened a can of worms in the room, didn’t it. Created more Q’s than answers.

[Jester] montana2 YOU WANT THE WAY IT IS OR YOU WANT COMPUTER GLITCHES AND OTHER CARP?

montana2] Bottom line . we’ll probably all be here tomorrow night talking about this again. Hope not though.

[MarkZ] montana2 I understand your feelings on this but one day it will be over. :) I think we will all be passed out from the shock though….

[wingnaprayer] Jester MarkZ If it is not computer glitches holding it up when they try at night to push it thru, am I right to make the assumption that countries are not basel iii compliant or software compatible requiring them to stop and regroup?

MarkZ] wingnaprayer yes, they regroup after each one and correct any issue then go again.

amg] MarkZ you guys are like Pete and repeat

[MarkZ] amg nearly all of our sources are different so when we are on the same page so often you should read a lot from that.

[cchad3] Jester MarkZ ….Maybe after we get Okies email, you guys will be able to come in and explain some of the things that you cant talk about now, due to security.

[MarkZ] cchad3 I know I am truly looking forward to being able to chat and not hold back!

[Rider] Jester MarkZ Thanks for the great info!!!

[BLPastor] If you’d like to hear something kind of humorous……..I’m preaching on Patience tomorrow.

[pokerbrat] Jester this speech by Jack Lew is a total validation of what you have been saying months ago. I for one am impressed and I will defend your actual intel until it is done!

[Jester] pokerbrat THANK YOU FOR NOTICING MY FRIEND…

[xfilesfan2013] MarkZ I know it wont happen until it is all ready…but do you really think we have a good chance for it to happen tonight or at least in a few days

[MarkZ] xfilesfan2013 ABSOLUTELY ABSOLUTLEY ETC

[heartfelt] Just got back on & catching bits & pieces of what you said Jester & MarkZ Sounds like this could be wrapped up one way or another tonight/tomorrow or possibly a few days more but just the same thank you for bringing truth and balance as always.

[MarkZ] heartfelt That looks accurate.

dinarchaser] Jester MarkZ Seriously, thanks for all you both do for all of us. No pay! Incredible hours spent chasing this dinar (oh, what a name!)! My hat is off to both of you…Many thanks!!

[HIGHERGROUND] Jester thank you once again for your sacrifice of time and effort to keep us informed… I am very thankful for you and MarkZ and all involved…Blessings… gn

[MarkZ] HIGHERGROUND I can name a dozen more that deserve thanks and especially all the mods at the different sites. They are truly dedicated.

 [Jester] MarkZ I SECOND THAT… THE UNAMED SOURCES THAT HELPED US SO MUCH DESERVE A LOT OF CREDIT FROM ALL….

[MarkZ]I believe the dinarians are one of the greatest potential forces for positive change in the world and that is why I do it. I believe we can use this blessing to change the world.

[kini] What time is Lew expected on tv tomorrow?

 [HIGHERGROUND] MarkZ Yes… I completely agree… I am appreciative of all of them…

[jagpro] kini 10am est

 [MarkZ] kini throughout the day starting around lunch I believe

[oucrazy] MarkZ Is Lew going to be broadcast on all networks?

MarkZ] oucrazy just the 24 hours news channels is the word

[fantasia] TONIGHT’S GONNA BE A GOOD NIGHT.   http://www.youtube.com/watch?v=uSD4vsh1zDA

Baghdad (NINA) – Prime Minister Nuri al-Maliki criticized the current Constitution, describing it as not fit to build a state.
Meeting on Tuesday, July 23, with a number of specialists in politics and economy, telecasted, on the semi official Iraqiya channel, Maliki said, “It is not possible to build a state where militias and gangs leaders exist. ”
Maliki pointed out to violations in Parliament, when enacting legislations; adding that he had told President Jalal Talabani of that. .

 

7. 27. 13

Accused the demonstrators in Anbar and Salahuddin, Kirkuk and Diyala government yesterday, regardless of the militias ‘targeting Sunnis in the country’, and urged the preacher of the protesters in Kirkuk to find a replacement for Prime Minister Nuri …al-Maliki, calling for activating the proposed regions, a student preacher F Fallujah, the United Nations and the Arab League to take their role to stop the ‘genocide against the Sunnis’.
The preacher sit-gray happy Fayyad during his Friday sermon which was held on the international road in Ramadi and attended (range Press), that ‘the government and the views of internal and external support militias and gangs killing and displacement, are working on the threat of Sunnis and the community, without accounting and protection of the innocent. ’
Fayyad added that ‘the Sunnis and the community in Iraq are subjected to the worst circumstances of the killing, displacement and destruction of their homes before the eyes of the army and the police, who do not noting that ‘these militias have influence and authority as if it is the governing and controlling the country. ’
In Diyala invited to and orator F Diyala Sheikh Shihab al-Badri all political liquidation of the atmosphere between them because they are the cause of the scourge in the province ‘, noting that’ who kill Shiites and Sunnis is the same person who wants the collapse of the province and returned to the dark days’.
Badri said ‘we went out because of the injustice and the injustice done to us and are to the right and we are Sunnis, we practiced genocide’, calling on Sunnis to ‘go out and protect themselves from the oppression of the militias’.
Badri called on the government, ‘do its duty and legitimate legal protection of mosques and places of worship across the province’, telling it of that ‘you can not the Sunnis Vsikhrjohn the protection to protect themselves because their patience is running out, which is doing militias against them. ’
He told the preacher as protests Kirkuk Sheikh Ahmed Said, which was held in the mosque of forgiveness district and one in June south of the city, and attended (Long Press), that ‘Iraq is being subjected to the most heinous scheme aims to kill his sons and disperse assembled and silence their voices in the face of injustice’, and ‘We recommend that all the Iraqi people with the support and the assignment of Iraq’s Sunni uprising because they do not just want their rights raped them ‘.
He called Happy National Alliance to ‘find a replacement for Prime Minister Nuri al-Maliki coalition’, and attributed the cause to that ‘Iraq is heading to the collapse of security, institutional and social because of the failure of the government’s plans’, and pointed out that’ the month of Ramadan without a card ration no electricity, no water, no fuel and bloodshed and injustice everywhere. ‘
He called the Sunni Almentvdh cities to ‘reconsider its judgment on the draft Regions’, praising ‘the experience of the Kurds in the Kurdistan region across the province on their people and their status. ’
In Fallujah, accused the imam and preacher of the protesters Tariq Hamid government ‘silence for the militias and gangs that operate on genocide’ Ahlu Sunna group ‘, adding that’ the government did not implement the rights of the protesters and their demands, but increased in the arrest of innocent people and raid their homes even become prisons only the Sunnis’.
He called in front of the Khatib F Fallujah, the United Nations and international humanitarian organizations and the Arab League to ‘take their role and to stop the genocide against the Sunnis in Iraq’.
Khatib said in front of F as protests Samarra Diab al-Samarrai said ‘Our message to the militias, the Sunnis and the community Cishakonkm their feet and crushed the idolaters day of Badr’, noting that ‘the government militias, however, the government managed and driven by time you like’.
He added that the Samurai ‘is strange is that the government is considering favorably to the actions of militia al-Maliki has admitted in one of his speeches that the militias have a significant impact in the government, calling for’ the people of the year and the group to form their own force to protect themselves and their honor and sanctities’.
Samarrai stressed that ‘protesters are involved in Aatsamathm of the while achieving the demands which they went out and would not stop.
almadarnews. info

7. 27. 13
Iraq: the start of procedures to delete 3 zeros from Alamlha the
BAGHDAD, Iraq – said the Finance Committee representative in Iraq, said the central bank, according to the communications of the official start of this year procedures deleting three zeros from the local currency, saying that it would lead to the development of cash transactions and international economic, in a new development at the level of currency Iraq, which has suffered large waves of inflation and the decline in exchange rates.
It quoted “IMN” official member of the Finance Committee, Abdul Hussein al-Yasiri, saying that he is supposed to begin preparations necessary to delete the three zeroes from the local currency, adding that the local currency “will reduce from four billion units to one billion units, which will make a smooth flow in the process of transfer of the currency. “
Yasiri between the Finance Committee “to make changes to support the local currency because of the economic importance of the country. ” The central bank says that the deletion of zeros is part of a plan to develop its monetary policy and currency management reform.
The CBI had said last August that he plans to delete the zeros from the Iraqi dinar to facilitate financial transactions carried out through cash in most cases.
Among the difficulties faced by Iraq if they wanted to embark on the deletion of zeros from the dinar is pulling about 30 trillion dinars in circulation in the Iraqi market now, then get rid of them and replace them with a new currency.
————————————-
Baghdad, Iraq –Iraq’s parliamentary Finance Committee that the Central Bank, according to official correspondence, will start this year with three zeros deleted from the local currency, saying it will lead to the development of international economic and monetary transactions, in a new twist in the Iraqi currency, which suffered waves of inflation and exchange rates.
“The Iraqi media network,” the official, a member of the Finance Committee, Abdul Hussein Al-yasiri, said that he would begin preparations for the deletion of three zeros from the local currency, adding that the local currency “will cut 4 billion to billion, which will make a smooth transfer currency”.
Yaseri that the Finance Committee “supports the changes to the local currency because of the economic importance to the country. ” the Central Bank said that the deletion of zeros is part of a plan to develop monetary policy and currency management reform.
The CBI had said in August that it planned to delete the zeros of the Iraqi dinar to facilitate financial transactions made through criticism most often.
Among the difficulties facing Iraq if he wanted to delete the zeros of the dinar is pulling about 30 trillion dinars circulating in the Iraqi market is then discarded and replaced with a new currency.
alkaramaonline. com

Head of Mission of the International Monetary Fund stressed the IMF on the need to adopt the process of economic reform and broad, as Usher strengths and imbalances in the joints Economic came in a report the Fund’s Article IV of 2013 on Iraq which is the assessment annual appreciation on the part of the International Monetary Fund (IMF) to the economies of the Member States in the Fund, and issue a report accompanied by my assessment of the latest economic developments in those countries, and the expectations of experts Fund for growth in the overall economy as a whole three to five years following the date of issuance of the report.
The section on Iraq, the report is based on the consultative meetings held with the Iraqi side, and the Iraqi private sector and members of the Iraqi civil society, in March of 2013.
economic reform, structural and widespread
Head of the IMF mission to Iraq Carlo Sdrallweg in an interview ( morning): Iraq needs to formulate structural economic reform agenda and widespread, and even more importantly, it needs to follow up the implementation of that agenda with all its contents.
There is still a lot of work to be done in the area of public finance, not only in improving the management of the budget, but more important than that to be in the area of improving growth and poverty reduction as well, and pointed to the importance of raising the quality of spending, and this can be achieved, In the first place, by eliminating waste, and direct expenses to the poor even more. Indicating the need for Iraq to focus on increasing the level of provision of electric power, and the restructuring of state-owned companies owned by the state, and streamline regulations to help ensure its focus on helping the private sector rather than the imposition of restrictions upon, and pointed out that Iraq needs as well as to revive agriculture, including reform of the system PDS has contributed to the decline in domestic agricultural production through large food imports. We recognize and are aware that all these measures are difficult to perform, and will require time. Therefore, the need for requiring the adoption of a realistic approach and settled to achieve all that.
in question (morning) on exposure of the private banking sector in recent times to attack by the pretext of money laundering and illegal transfer of funds. Do you see that building?
said in answering We are not aware of any specific cases of money laundering particular, but we recommend that the Central Bank of Iraq to redouble its efforts in promoting a stable financial sector and safe. In this regard, the commitment of the Iraqi Central Bank Governor on behalf of, and to strengthen the work of the Banking Control encourages us to push for the implementation of this recommendation.
In our view, a lot of work still to be done to improve control over the banks, and examples, supplying banking supervision cadres better, and training courses better, and outsourcing joint (with other government agencies) “co-sourcing” of the functions of the Department of Control banks to the Central Bank of Iraq, to improve the framework for the addition to expand the reach of the regulatory business to include government-owned banks to the state.
Moreover, the improvement of the framework for combating money laundering and the financing of terrorism, in line with the recommendations of the Financial Action Task Force for the Middle East and North Africa (MENA FATF), along with the continuous efforts in strengthening errands control carried out by the Central Bank of Iraq on combating money laundering and the financing of terrorism, it would be that would help in addressing the concerns of money laundering and financing of terrorism and processed. It must also develop financial infrastructure, such as reporting on the historical background of credits and recordings collateral (assets guarantor), and ways of banking technology, in order to support the performance of the banking sector.
and the Iraqi dinar exchange rate and on the role of the Iraqi Central Bank in the currency auctions. In your opinion, what should the CBI do about it?
Sdrallweg clarified the matter, saying that we need to believe that the Central Bank releases foreign exchange system at the earliest opportunity where this editorial is possible technically.
We expect that the relaxation of regulations of foreign exchange would provide the funds needed by the Iraqi citizens in U. S. dollars, and to help the Iraqi economy, and reduces the difference in question, which fell fell sharply in fact, after the measures newly taken by the Central Bank of Iraq, which simplified market transactions, and opened it in front of customers.
This means, the minimum, the opportunity to get any Iraqi citizen on foreign exchange, if it wishes to make any transaction ongoing international legitimate, for example, for the purposes of importing goods, as well as for interest payments, or transfers for expenses family.
The power bank Central
and he said we understand there همين Co يبعثان the concern on the liberalization of the foreign exchange system.
First, some have argued saying that the opening of the auction probably works on the Iraqi depletion of reserves of foreign exchange to levels dangerously low, thereby undermining the value of the Iraqi dinar. It also does not believe that this decline in the value of the dinar will happen on the ground because the Central Bank of Iraq in a strong position with him can maintain the value of the dinar, and because foreign exchange inflows from oil revenues are too high.
The CBI has the amount and plenty of reserves amounting to the level of more than 70 billion U. S. dollars, a large sum to a degree sufficient to cover more than the value of nine months of imports, or to cover more than 104 percent of the money before the broad sense; sense that it is equal to all of Iraqi dinars in circulation in addition to deposits.
misuse of foreign exchange
and The second Alhmin is the ability of the central bank to prevent the misuse of foreign exchange in illegal activities. We do not believe that the currency auctions are the right tool to prevent misuse mentioned. As is the case at the level of international best practices, the IMF recommends that address the concerns of money laundering through the due diligence (or conduct of the study precluding doubt) to customers, and transaction reporting doubtful the Investigation Unit (intelligence) financial, rather than restrict free access to the auction. Accordingly, the liberalization of auction foreign exchange needs, in parallel with the editing, to be accompanied by a strengthening of errands regulatory carried out by the CBI and other government agencies on combating money
laundering and terrorist financing.
Asked about the possibility of moving to a free economy in line with the Constitution Iraq?
drew Sdrallweg that Iraq did not adopt clear economic policy (economic model and clear) and live in a state troubled between a planned economy to him (router) and the free market economy. and pointed out that the model of the current economic growth, which play a government the dominant role in the Iraqi economy, taking a its limits.
In order for any free economy to develop on a sustainable basis, the government needs to implement a combination of macroeconomic policies, good governance, and to enhance the delivery of services, and the rebuilding of infrastructure, particularly in the electric power sector, in addition to strengthening the business environment, these measures will support the growth of the private sector, but last but not least, it is imperative for the government to know the limits of the maximum capacity, in order to leave space for the private sector to flourish.
Asked about his vision for an increase in oil production and exports? Do you agree with the official forecast for this increase?
said, assuming that the investment plans ambitious for the Iraqi government will be realized on the ground, we expect to increase oil production gradually, about 400 – 500 thousand barrels per day in each year, to 5. 7 million barrels per day by the year 2018 . However, this outlook depends on the smooth implementation of plans to develop oil fields, and the existence of a relatively stable security situation. Any delay in the development of oil fields, or in the expansion of energy infrastructure, export, or worsening of the security situation worse, will lead to the growth rate of the lowest in the oil sector.
increased to have to say that our expectations lower to a large extent the expectations of the government, which believes that the production of oil will rise to 9 million barrels per day by the year 2018. We tend to be more conservative; because we are less optimistic about the pace of expansion in the infrastructure necessary for export – which may be a drawback most important in the face of export, as we are more for the sake of cautious about progress on the project water injection, and increase the number of buoys “SPMs” In addition to the high level of domestic consumption.
additional investments
he stressed mentioned in our three key areas of reform in the energy sector. First Iraq, could benefit from the oil and gas law, which shows on a permanent basis, the roles of government, the private sector and the provinces and territories in the oil sector. But we know that the draft law of oil and gas was still under consideration since a long time, which deals with a lot of sensitive policy issues; therefore compatibility between all parties involved in the negotiations on the draft law in question is important to reach a lasting good. Secondly, the situation requires additional investments in electric power production, and the restructuring of electric power producers, and the imposition of tariffs electric enough. These measures are required in the energy sector to provide a reliable source in the supply of electric power to homes, businesses and industries. All of these efforts combined will help in the development of non-oil sector, and ultimately lead to more jobs.
electric energy subsidies
The third axis is the necessity of removing the distorting fuel subsidies provided to producers. In 2011 alone, we estimate the total volume of fuel subsidies of $ (9. 8) billion U. S. dollars, or the equivalent of 5. 4 percent of GDP. This is a very heavy cost for a country like Iraq has big needs at the social level and the level of infrastructure. The electrical energy subsidies create distortions detrimental to the economy, the wheel could discourage investment in the energy sector and in industries that require more intensive workforce, as well as those subsidies create incentives for waste and smuggling. Therefore, it has encouraged us in our report mentioned the Iraqi authorities to reduce those subsidies, and use part of the savings to increase targeted assistance to those who most need it.
and low income of most Iraqi families, what and mechanisms of action needed to develop household economy?
Allweg he dominated both production oil and the public sector on the economy of Iraq. The government is directing the path of the income generated from oil exports to hire / Run Iraqis in the public sector, and to provide government subsidies. In our view, the model of economic growth this take has its limits. The oil sector and the government can not create enough employment opportunities for Iraqi citizens who accelerating population growth. In addition, it has resulted in decades of sanctions and conflict for a loss in human capital and the destruction of infrastructure, which prevents the government from providing basic services to citizens, including social safety nets that work. reduce widespread poverty and unemployment increased, saying, We believe that the authorities Iraq should focus on the creation of an enabling environment for private sector development. We’ve talked a lot about sound economic policies in the areas of public finance and monetary areas.
In order to develop growth, and reduce poverty and unemployment, it is incumbent on the Iraqi economy to be strong structurally. This reality not the case in Iraq at the present time. There is a lot of things that still need to work on it, and we Anttriq in our report only to the key priorities for structural reform, including. credits granted and between in the forefront can say that the existence of financial sector efficient and large to a sufficient degree acquires paramount importance for economic growth, and, according to what experience shows in many countries over a long period of time. In Iraq, the financial sector is still weak, to a large extent but just to give an idea of this weakness, the percentage of “Total credit / loans to the economy,” amounting to about 29 percent of GDP, compared with 55 percent in the countries of the region. However, this figure also includes a number great deal of credit granted by the state-owned banks State-owned government companies owned by the state, so if we look at the total credit granted to the private sector, they represent only 15 percent of GDP, and this percentage is very low.

Once again we at Dinar Recaps needs to reiterate our policies and what we do… We are getting many, many comments and emails complaining, whining and bashing Recaps, Intel Providers, Sites, the Intel, the Universe or whatever they can think of  at the time…

We just RECAP what is being said by Intel Providers, Site Members and sources. We do not write anything. We try to put the News, Opinions and Rumors in an easy to read format so people without much time can stay caught up on this Currency Investment and stay encouraged. If Recaps is slow and has few posts that just means that no one in Dinarland is talking much at the time.

We have been getting so many mean, rude emails and comments asking why we do not post their rude, mean comments and let us ask you this…… Why did many Intel Providers Quit sharing what they know with Dinarland?

Could it be they got sick and tired of being bashed and ridiculed?   We have heard that from several of them who have asked not to be posted anymore.

So we can keep a positive format where Intel Providers feel safe and comfortable sharing their news and Rumors with us…or we could let you snarky bashers have a free for all with all your negativity and name-calling so that there are no more Intel Providers, or news about the IQD/VND…. And we could all just sit and look at each other wondering what the heck is going on…

We at Recaps are investors too (investors long before Recaps), and want to hear everything and make up our own minds what to believe. We know the majority of our readers feel the same way.

So, in closing Recaps would like to suggest that you people spewing venom and negativity at us ….just save yourself the frustration of not getting posted and find something better to do with your time…Bashing and whining will not make the RV come any sooner. Also if you are dissatisfied with Dinar Recaps we will be more than happy to refund EVERY penny what you paid to receive our service.

We are very grateful and appreciate all the Intel Providers and want to thank them for their generosity in sharing their updates with us all.

Thank you for reading Dinar Recaps and we hope that all our dreams come true very soon.

Sincerely
The Dinar Recaps Team