Bgg newstime 5/18/16 Part 2 of 2
HORSEGAL: any news about the meeting with the IMF in Jordan?
BGG: When was that - today??
BGG: Other than the dissenters on the Finance Committee xxx about having to answer to the IMF - No... I haven't heard.
HORSEGAL: ok thx
BGG: HORSEGAL: and that is about how it will go... the thugs whining about losing at EVERY step from here on.
BGG: the point is - they have had a paying "seat at the table" thus far... they are losing this prized position - and they know it.
BGG:this is the lay of the land.
HORSEGAL: that's good
BGG: It is.
BGG: On the Keywords: We have reached an agreement with the Kurdistan Region to open the central bank in Arbil
BGG: The governor of the Iraqi Central Bank, on the Keywords, in an exclusive interview with Roudao Media Network, the central government held talks with the Prime Minister of the Kurdistan Region, Nechirvan Barzani, was agreed to open a central bank in the Kurdistan Region has all the requirements and specifications, and to be part of the bank CBI, pointing out that the Kurdistan region has the right to obtain 17% of the foreign loans obtained by Iraq.
BGG: The following is a transcript of the interview: Roudao: What is the role of the central bank in solving the current economic crisis?
On the Keywords: the central bank represents a fundamental pillar of economic policy in the country, along with fiscal policy, and since the country's resources have dropped significantly, and in particular since 2015, played a central bank and still plays an important role in trying to overcome the current financial crisis, through his purchase of treasury transfers issued by the Ministry of Finance and purchased by banks, the central bank re deducted, which now stood at more than 12 trillion dinars, as well as the Central Bank allowed the use of 50% of the bank's reserves has to buy money orders, with an estimated up to 4 trillion dinars.
BGG: Roudao: Is the central bank distract from the reserves at the moment?
Keywords: central bank banned it according to the law that will provide loans to the government, but the central bank can buys money orders or bonds from the secondary market, not from the government directly, that is, when there are money orders issued by the government purchased by banks, can the central bank rediscount, because of the great financial crisis, the banks can not cover all of these transfers continuously...
BGG: I could go on and on - talk about stuff that doesn't REALLY matter... but here it is...
BGG: I'll tie this all up together for you tonite.
BGG: THEY ARE GOING TO OPEN CBI Branches in Kurdistan. Which means there's no independant Kurdistan in the near future. There is also something up on the financial front - VERY BIG NEWS.
BGG: for the GOI and the KRG to agree to put a CBI up there is BIG TIME. There cannot be this huge difference some have talked about. This is about to be a REAL PARTNERSHIP... which means there has to be FAR GREATER level of co-operation and collective than any of us has understood thus far.
BGG: Lower Denoms... and a CBI in Kurdistan - BIG TIME...
HORSEGAL: just a comment. Makes me think it's coming soon?
BGG: As we all are hoping.
MARTHA SUE: I'm not blonde ... like satrib ... but curious. Can a country have more than 1 CBI? Or is that because Iraq and kurdistan are 2 diff countries???
BGG: No worries - good question... yes, they can have multiple branches... thus far the KRG has had their own banking system and has not been able to rely on the CBI for support. This is not about a separate CBI entity - it's a branch
MARTHA SUE: way cool ... that does sound good like they have a hand shake!
BGG: exactly - they've got a "digital handshake"
MAINE: what about currency auctions are they all done now?
BGG: MAINE: we'll find out in the morning - but I doubt it. This is all "pre-cursor" info.
SATRIB: first, thank you for providing a platform that enables us to receive so much good info from such diligent researchers an second,....it seemed from chat logs there was some concern about where we might be able to exchange once we have some real value. Do you share that concern?
BGG: I do not - this is the VERY REASON I started the D.U.C.E. list (Dinar Updates Currency Exchange - List)... once this is real, it's money... someone will want the action. Period.
BGG: No doubt.
SATRIB: I am counting on that list BIG TIME
BGG: but for us to get the best deal, we should stick together.
PUFFDRAGON: We do have a date from the IMF and the letter of intent, by end of first half of 2016, BY June 30th ! I don't think that has changed ?
MRS. BGG:PUFFDRAGON: I have some ?'s about that
JTANK: GREAT NEWSTIME !!! thx
PUFFDRAGON: Im just stating what was said !
BGG:PUFFDRAGON: I am always cautious about "implied" date conversation - it would seem they intend to get this done by then - however the IMF is having to deal with all these obstructionists in Parliament...
BGG: having said as much - it appears to me - the best they can do, is hold things off a bit..
PUFFDRAGON: I have had the same ? come to mind BGG
BGG: things will NEVER GO BACK to the "good ole' days" for Maliki and his crowd.
BGG: JTANK: YVW - and thanks for being here.
MAINE: could you elaborate on that? sticking together as in sharing info or exchanging as a group?
BGG: That is correct. Sticking together as in - sharing info and as many as care to - getting the best deal.
BGG: for now - THERE IS NO "BEST DEAL" - these xxx early exchange groups HAVE NO INSIDER INTEL. THERE IS NONE. There CON ARTISTS are JUST TRYING TO GET YOUR MONEY. Don't Do IT!!
BGG: Stay home and stay safe.
MAINE: don't worry i wont
BGG: Simple message - can be hard to do.
MARTHA SUE: Thanks so much to you, Mrs. BGG, Swanny, Mags, Hutch ... and everyone who pulls together! Big hug!
SASSY: Thanks to all the DU team for giving their time to us
COWBOYWADS: SUPER NEWS TIME BGG THANK YOU AND TO ALL THE REST THAT HELPED
BGG: OK gang - that's it for me. Have a Great nite... TTYL
MRS. BGG: Thank you everyone for joining us for NewTime! Love & Blessings
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