_Frank’s CC Notes 1.30.12
Frank prays to open the call.
Jesus will give us a report from Delta tonight. Delta got what he was looking for, but he’s still working on something else for the next two weeks.
Meetings of the officials. They are not letting us see what they are up to.
Iraqyia list wanting to come back and talk with Maliki. Allawi and Iraqyia want to talk.
Laws to activate the rate. 7 – 10 days to pass laws that would activate the rate. Which we are starting to see this now. Frank will expound on this. Phase 2 required these laws.
Talking about Maliki going to talk to the Kurds again. Frank will expound more tonight. Anytime you see Maliki go talk to the Kurds, Do a Snoopy Dance; as it is a great progression of what we seek.
Frank says to give us this week to see a PIP. The next test will not be a test on the rate! Looking for a PIP tomorrow...if not...gives us this week to see it...because testing, testing...1, 2, 3...the NEXT TEST will NOT be a TEST! If it is a test, we will study it intensely.
Read More Link on Right
_Article comes out that they cannot afford a float with the rate…Frank doesn’t care about this beginning part of the article….he DOES care about the rest of the article. They are telling us in many articles that Phase 1 is accomplished. They have accomplished this already; last year! It’s not about the float. They have raised the three zeros!
Inflation! They screamed about it this weekend! They try to confuse us but DON’T pay attention to articles unless Frank’s team is pointing to it.
What about the float? The power of what this article is telling you...it's not about the float...it's about the fact that they have released the three zeros...And they don't want the float to affect it.
We need to raise the value because inflation is getting out of control.
Inflation is likely touching 10% and maybe even 11% now. Syria and Iran causing issues? Think on these things.
Dame…contracts huh – should talk privately
What may seem a tragedy may be quite fabulous for us! Take things to God in prayer! Dig into things a little further.
Where are the lopsters! LoL
Auctions are stuck between 199 – 202,000,000. Lying to us day after day. All lies says Frank – pattern stuck for 2 weeks???
Erbil – implemented by congress says the Iraqiya list – who cares says Frank.
In our opinion we believe team thinks we will see the HCL in Feb – 2012!
Frank gives kudos to Memphis for his thoughts.
Frank points out some articles for his team to pay attention to.
Maliki will meet with Allawi eventually and give them the crumbs they seek.
Allawi has lost a lot of credibility within his party.
Talabani is back in town – already explained – moving forward
Maliki – meeting with Kurds! Very Kewl! We should be happy!!! This is a great meeting! A wonderful meeting. A meeting we should and DO dream about!
Kurds are in control! Who to look for in the end? Kurds!
Borders are well controlled! Counterfeiting is a problem? It is speeding them up the GOI to pass laws?? Really? They have a plan? You do? What is it? It’s not because of high inflation?? Yeah go ahead and tell them it’s also high inflation. Silly rabbits!
Maliki has an advisor. Economic advisor to Maliki – his name is Al-Bunge. He says that what the CBI is up to is not good. They didn’t ask his opinion. Seleh come out and discredits this guys several times over the weekend. Frank says this guy sounds like a fool to him.
The laws are being passed that will allow the rate to come to fruition!
Contracts being paid with collateral pay.
Article with Seleh speaks of speculative investors buying currency and going to make a fortune from the Iraqi currency…but says nothing else…why does he hint at us??? Are we more than a mosquito to them now? Are we becoming Pterodactyls now?
The article about 1000:1 PIP potential – Frank will speak more on this if it comes to pass.
Maliki and Christine Legarde IMF met in the US. Do we have articles? Do we know what they met about? He should have met with Allawi…he should have met with the Kurds…he should have met with many people but why the head of the IMF?
They brag about their reserves. They now say they have 90 billion in their reserves! WoW!
Only focus on these laws that will activate the rate now! Once we see these passed…this will open the door to release the rate and the lower denominations.
Frank’s favorite article. And KTFA winning article of the week! Frank got excited about them today.
GoMagic3 liked the word “legalized”
The GOI, the Parliament – the law passing body – the Financial body – the CBI lingered in the provision of a bill to delete the 3 zeros. How stupid is this? The CBI doesn’t pass bills! Read the article backwards!
Frank likes this one. His favorite…below
The CBI studied and provided law, legislation, deleting 3 zeros from the currency; stressing that the law allows the changing of the local currency. This is HUGE!
From the UST in Feb/11 to ......CBI in April/11 to.......S in May /11 to........M in Oct/11 to ........The GOI in Nov/11 to ....... M in THEIR January/12 ...........NOW BACK TO S AND THE CBI. PIP?.............Anyone? This was a long coordinated and cooperative process of the IQD monetery reform that went from phase1 in 2011 to phase 2 in 2012.
by walkingstick » January 30th, 2012, 10:02 am • [Post 192]
Central bank is considering legislation to provide law to the process of removing zeros from the currency
Date: Monday, 01/30/2012 18:39
BAGHDAD - AKnews
central bank announced it had begun to study the need of the project to delete the zeros to submit a bill to the House of Representatives for the purpose of legislation setting out the mechanisms and controls the process of removing three zeros from the local currency, stressing that its law gives him authority to make changes to the local currency.
The deputy governor of Central Bank the appearance of Mohammed Saleh said that «the CBI submitted a working paper for the project to delete the zeros of the local currency to the Cabinet for the involvement of ministries and agencies in the process of deleting the requirements of zeros to prevent harm from the process». Saleh added that «the Central Bank is considering a bill to the House or not because the law gives the Central Bank of implied powers to delete the zeros of the local currency». He added that «the project to delete the zeros from the currency needed to raise the awareness of national popularity and status of the regulations limiting the phenomenon of currency manipulation during the period of replacement» and inflation is excessive in the general level of prices and higher cash income as well as high costs and excessive creation of cash balances. And is expected to increase inflation in the budget in 2012 because of the continuing interest in the operational aspects at the expense of part investment of the budget.
The Central Bank of Iraq four branches in Basra and Sulaymaniyah, Erbil and Mosul, where the established bank independent Iraqi under the law of the Central Bank of Iraq issued on the sixth of March / March 2004 , which is responsible for maintaining price stability and the implementation of monetary policy, including exchange rate policies and the management of foreign reserves and the issuance of currency management, as well as to regulate the banking sector.
The ball is in the court of the CBI now to volley the rate to the people!
Post 299 by Walkingstick 1.29.12 << WINNING ARTICLE!
by sigshome » January 30th, 2012, 5:45 pm • [Post 299]
Parliament: the central bank faces the problem of smuggling hard currency to Iran
Baghdad / Orr News
A commission of economy and investment representative for the Iraqi Central Bank to take a new financial measures in the coming days to curb the smuggling of hard currency. A member of the Committee of Economy and Investment parliamentary deputy for the coalition in Iraq Qusay Friday "is that a meeting took place recently with the Chairman of the Commission on Money Laundering and the Deputy Governor of Central Bank of Iraq and the Central Committee and the Economic Commission to discuss the issue of smuggling of foreign currency to Iran in order to solve this problem and find effective solutions to them."
He said Friday "the central bank announced measures for new financial to reduce the smuggling of currency, as well as the reduction of inflation in the coming days in order to solve this problem by setting the exchange rate, as well as the purchase price, the price of the Central Bank will be a new price in order to put the market in a balanced manner.”
He continued, without a doubt that Iran is going through economic crisis, a real result of the blockade imposed on it, and that the outlet is the only Iraq and this port is used to buy the dollar, "hard currency" from within the Iraqi market and evasion to the inside of her negatively affect the Iraqi economy, "he" put limitations to this matter. "
He combined to "The Economic Committee in the House of Representatives in constant contact with the Iraqi Central Bank in order to find effective solutions and real to the subject since the beginning."
Frank heard from Ali;
Kurds have a new gov’t??
Ali was gracious enough to answer his question. A friend of Frank’s and Ali’s was asked by Frank to ask Ali Frank’s questions.
Would Ali still feel that the moment we see the HCL, we would immediately see the rate thereafter?
Ali responded that he is not looking for the HCL…Frank fell off his Blue couch when he heard this…
He also said he’s not looking for Chapter 7 – Frank…fell to the floor on that response. Frank surmises we will then see the rate before they see Ch. 7
Asked these questions about a week ago to Ali. Now Ali watches the barrels per day produced.
What is Ali looking for then? Two things. 100 dollars per barrel of oil to remain stable. The other thing….2.5+ million barrels per day.
2.7 million barrels of oil now per day predicted
GOI predicts by end of 2012 Iraq will produce 3.4 million barrels per day – We see from this that we have more the 2 opportunities to see the IQD to go up in value this year.
by s41755k » January 30th, 2012, 9:13 pm • [Post 109]
Iraq December Crude Exports, Revenue Rise to 4-Month High
By Kadhim Ajrash and Nayla Razzouk - Jan 23, 2012 7:25 AM ET .
Iraq, which is seeking to boost crude exports to rebuild its economy, said oil shipments climbed 3.7 percent in December to 66.5 million barrels, generating the highest revenue in four months, $7.06 billion.
Daily crude exports in December averaged 2.15 million barrels, Asim Jihad, a spokesman for the Oil Ministry in Baghdad, said today in an e-mailed statement. Iraq exported 64.1 million barrels of crude in November, yielding $6.83 billion, according to the State Oil Marketing Organization’s website.
Iraq, the third-largest producer among the Organization of Petroleum Exporting Countries, plans to boost output capacity this year to 3.4 million barrels a day and export capacity to 2.6 million barrels, Oil Minister Abdul Kareem al-Luaibi said on Jan. 18. Exports will benefit from four new offshore loading facilities in the Persian Gulf that will go into service by 2013. Each can handle 850,000 barrels a day, he said.
Frank will take questions now.
Caller asks if Frank expects to see the budget passed in Feb.? Frank says everyone is looking for it. Past 48 hours tell us the importance of laws to be passed. Budget is taken care of. It awaits…the GOI and CBI.
Caller asks about how can we pay taxes on converting foreign currency back to USD? Don’t set yourself up for failure.
It is our duty to pay taxes but our responsibility to avoid them.
Bluestar brings up this new article just posted from source;
by BLUESTAR » January 30th, 2012, 10:02 pm • [Post 145]
MONDAY, JANUARY 30, 2012
Iraq's Budget Tuesday, January 31st ~ Parliament to devote most of his time to discuss the budget....
Parliament devoted most of his time to discuss the budget
Held its session today in the presence of Iraqi MPs
BAGHDAD - Al Sabah
Said decision of the House of Representatives Mohammed al-Khalidi that the parliament will be allocated the bulk of his time to discuss the budget for the year 2012. Said Khalidi's "morning": that the parliament will be held today a regular session, but the presence of deputies of the Iraqi List.
The mouthpiece of the existing Maysoon al announced at a press conference yesterday: "The Iraqi and after consultation that took place between leaders and parliamentarians and ministers and members of the day, decided to return to the meetings of the House of Representatives as of Tuesday", while welcoming the blocks of a political decision to return the Iraqi parliament.
He Khalidi: "The The meeting will see the second reading of the bill the federal budget for fiscal year 2012, and the second reading of the draft law on ratification of the Republic of Iraq, the Convention on the economic and trade cooperation and technical cooperation between the Government of the Republic of Iraq and the Government of the United Kingdom of Great Britain and Northern Ireland, in addition to the second reading of the bill incorporate the bank Socialist Rafidain Bank “.
He continued: "The MPs will finish their second reading of the bill Training Center, monetary and banking, and the second reading the draft law to the villages of modern agriculture, as well as for the second reading of Bill Provident Fund Customs."
Will also witness the meeting, the second reading of a bill to make treaties, and discuss the lending staff. The An official source at the Finance Committee representative, had confirmed the "morning" recently, "The Parliament will consider a request by 52 deputies to study the benefits of loan officers," noting that "there is a tendency to reduce these benefits in half, so as not to burden the staff." He also MP Saman Fawzi Omar: "The House of Representatives will discuss in a session on Monday, the subject interest loans percent salary granted to employees is set at 8 percent by the Rafidain and Rasheed."
It is said that the Rafidain and Rasheed religiously recently, the distribution of advances and financial loans to employees, where the employee can be take advance of the amount of five million dinars, or a financial loan of 100 salary of my name, not to exceed $ 50 million paid over ten years for the purpose of building or buying housing. In addition to the issue of loans staff.
Khaldi said that Tuesday's session will also discuss the draft labor law. Submitted by the Committee on Labor and Social Affairs in the House.
Frank feels according to his Team that the budget is really done and is awaiting the GOI and CBI to release it anytime now.