by another mailman » July 17th, 2013, 4:54 pm • [Post 498]
Alan wrote on July 17th, 2013, 11:57 am:

So from Eagle1 we didnt see the IQD hit the forex because the codes expired? I had no idea the codes could expire..

Anyway, so how long does it take for the codes to expire? Its pretty relavent to know when they expire so we can then have an estimate of when the IQD has to be on the Forex before it expires again..

That’s a fair question and a good one!

trident704 » July 17th, 2013, 6:23 pm  •  

Another mailman, and Good afternoon, everyone:

My limited research has found that Currency Codes are part of the Currency System family of software and services are licensed to use official ISO 4217 currency codes, published by the International Organization for Standardization.

The codes covered by this standard, as well as the registered trademark “ISO”, are the property of the International Organization for Standardization (ISO), and are used under license. These codes are sometimes also referred to as “SWIFT currency codes”.

The official ISO 4217 standard specifies three-letter (“Alpha-3”) codes for currencies worldwide. The first two letters of these codes are usually identical with the two-letter ISO 3166-1 Alpha-2 country codes, which are well-known by internet users, as they are used for country domain suffixes.

The third letter is usually the initial of the currency name (but not always, as in the case of EUR, RUB and a handful of other currencies). For example, USD stands for “United States dollar” (note that currency names are written in lower case, unless required otherwise by language rules, as in German, or by the local context, such as titles in English).

Codes beginning with “X”, among others, are reserved for special purposes such as non-currency commodities.

As far as IMF codes expiring, I’m still digging on this one. It is POSSIBLE that the codes MAY expire upon a change in designation, i.e., when a currency gets assigned a new, three-letter designator.

For example, when the IQD becomes the IQN. Please do not misunderstand this to mean that this directly indicates anything toward our investment. Again, I’m still digging.

Also, there is a possibility that the IMF codes are time-sensitive in the sense that a measured expiration prevents electronic hacking attempts.

I DO NOT know this to be a fact, however. Hope this illuminates your very good question and sparks a learning opportunity from Eagle1, perhaps.

Announced the Special Representative of the Secretary-General of the United Nations in Iraq, Martin Kobler that the outstanding issues between Iraq and Kuwait was settled almost, stressing the need to enter the relations between the two countries a new stage. quoted by Kuwait News Agency “KUNA” for Kobler as saying after the testimony presented Tuesday evening in front of the Security Council International about the work of the United Nations Mission in Iraq, “I am very satisfied because the files between Iraq and Kuwait had been settled almost.” and called Kubler to enter into a new phase of relations between the peoples of the two countries, through reciprocal visits between members of parliament and youth groups and delegations of sports, in addition to associations Women. stressed that “now is the right time, especially after resolving the outstanding issues in Chapter VII.” 

LINK

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

    [dinarmamma] The s family yes confusing

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

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

    [millionday] yes

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

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

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

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

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

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

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

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

    [rollonjohn] millionday I appreciate your explanations as well!

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

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

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

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

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

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

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

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

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

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

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

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

    [millionday] faith1 right

    [The s family] sorry, jus frustrating

    [millionday] no problem hun   the thing is this

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

    [The s family] your not..

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

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

    [faith1] Ty u all …

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

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

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

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

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

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

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

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

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

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

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

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

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

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

    [millionday] WJJ can you show me the context?

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

    [millionday] thanks hun

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

    [millionday] yes

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

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

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

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

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

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

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

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

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

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

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

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

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

    [millionday] thanks hun lets read this

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

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

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

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

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

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

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

    [WJJ] millionday I see

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

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

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

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

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

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

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

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

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

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

    [millionday] WJJ right me too —

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

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

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

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

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

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

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

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

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

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       [bluedog2] CaliDreamers what is BIS?

    [Fresh] bluedog2 Bank of International Settlements

    [bluedog2] Fresh Thank you!

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

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

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

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

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

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

    [millionday] no

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

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

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

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

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

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

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

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

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

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

    [anthonlcs] millionday lol

    [anthonlcs] millionday exactly

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

    [millionday] very nice

    [booboo] I thought it was 1166 already

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

    [millionday] must not have been

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

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

    [millionday] it had raised

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

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

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

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

    [millionday] now it is after the auction on Monday

    [anthonlcs] faith1 market rate

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

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

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

    [millionday] they have been fluctuating a lot recently

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

    millionday] isx will show you hun

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

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

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

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

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

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

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

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

    [millionday] which is good news

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

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

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

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

    [The s family] so confusing

    [millionday] smile

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

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

PART 3 CONTINUED

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

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

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

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

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

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

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

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

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

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

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

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

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

    [booboo] are they trying to stall again?

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

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

    [millionday] no not stalling — moving forward

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

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

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

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

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

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

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

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

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

    [millionday] the studying is over

    [faith1] Yea yea yea

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

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

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

    [Rudie] BMW for me!!

    [schmidtberger] Escalade…..

    [The s family] Bmw for me too!

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

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

    [millionday] smile

    [Rudie] The s family smile

    [bluedog2] I’m looking at an LR4

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

    [millionday] mydinar100 yes that is true and complete

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

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

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

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

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

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

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

    [millionday] rollonjohn application

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

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

    [bluedog2] thanks.

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

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

    [topgun3182] Equus for me

    [CLA] Infiniti!!!

    [momface] millionday is the HCL done?

    [wheresmyRV?] Shelby GT 500 for me!

    [baggr42] Rocket ballz irons

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

    [Fresh] Love the car selections!!!

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

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

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

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

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

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

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

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

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

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

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

    [momface] millionday ty

    [millionday] nice

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

    [schmidtberger] tiger_ag …what color?

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

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

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

    [schmidtberger] lol

PART 2 CONTINUED

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

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

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

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