BGG says(12:13 PM): Oops Round Table??
BGG says(12:13 PM): News Time is tonite w/Millionday.
Blossom says to BGG(12:14 PM): READY when u are (F)
BGG says(12:16 PM): OK - here we go - BTW everyone is allowed to participate. This is a Round Table.
BGG says(12:16 PM): BRB
BGG says(12:16 PM): Ebadi, an adviser to calls to install Governor of the Central Bank confirms: no one dares to turn it into a commercial bank
ernier says to Mrs BGG(12:17 PM): that is just not acceptable (lol)
junebug says(12:17 PM): i cant see that happening at all
BGG says(12:18 PM): This is the one posted by Pink at 5:26am - then copied by DV at 5:31am then read here and commented on by sczn11 (posted elsewhere) at 6:41am... Props to Pink.
BGG says(12:20 PM): Whoa - hang on big news coming out right now.
Mrs BGG says(12:20 PM): He's on a phone call...oh lord
Mrs BGG says to pinkadonai1(12:24 PM): Yes, he's on a call..
Mrs BGG says to pinkadonai1(12:25 PM): He talked about the article you brought in this morning to the forum :)
donnie says(12:26 PM): i found an interesting read. If you don't like it just ignore it please. TY
The finance ministry has also told us that for the first time they are rolling out regularly scheduled payments an so there will be reliable, accurate, on time payments on time each month in the future.
Folks – I can not tell you just how important this is to the people of Iraq ! This is such good news !
Talk about making the citizens happy! Why is this so important to us investors in the dinar looking for an RV?
donnie says(12:26 PM): It is important not because so much of the fact they must RV prior to allowing them to make these payouts. But rather because it is the one remaining last part of the HCL that is needed and mandated by the USA and UN in agreement with Kurdistan
and the GOI in the Erbil agreement of 2009. Erbil must be FULLY implemented prior to bringing back the IQD online. This is why it is important and why I mention it today to you.
The USA has said this many times to Iraq in negotiations to fully complete their sovereignty as a nation. By they way they are not yet full sovereign until they have a global currency and can control their currency, contrary to what many think.
So this why this event is so significant? Another important condition of the Erbil agreement, no full Erbil implemtation, no RV. Not much left for Erbil to be done.
BGG says(12:29 PM): Major - major - major drama in the Dinar community.
fsaint7777 says(12:29 PM): What so ever thou soweth that shall ye reap.... to TERRYK and CO........
stangernan says(12:29 PM): his favorite saying was "wait for it" n peeps would be drooling lol
junebug says(12:30 PM): this isnt really funny though it could effect alot of dinar sites
donnie says(12:30 PM): being that BGG is here reporting it he's OK.... anyone hear from poppy today?
donnie says to jarhead(12:32 PM): get rid of ISIS and DAASH and naughty Dinar GURUs - then it's all clear to RV :)
jarhead says(12:32 PM): agree
Blossom says to pinkadonai1(12:32 PM): nothin to worry bout here move alog move along!!
pinkadonai1 says(12:32 PM): But just incase :S
stangernan says(12:32 PM): move alog lol
larrykn says(12:33 PM): I don't know pink BGG has those beady eyes (lol)
pinkadonai1 says(12:33 PM): No i am just kidding lol
Blossom says to larrykn(12:33 PM): :D
pinkadonai1 says to larrykn(12:33 PM): lol
BGG says to pinkadonai1(12:33 PM): On a very important call right now - I'll fill you in when I'm done in a minute.
donnie says(12:34 PM): important call??? - if BGG doesn't return we know what happened.... arrested or got to the bank to exchange (lol)
diagyAAAE says(12:34 PM): Expert: the issuance of the two categories of the fifty and one hundred thousand “unfortunate step”
Date: 03/06/2015 16:54
diagyAAAE says(12:34 PM): Information / special / .. Description economist contrary goldsmith issuing two new categories of the Iraqi currency to “step is successful,” noting that these two categories will not reduce the demand for the dollar in the domestic market size.
jeweler said in a statement to Agence / information /, that ” the determination of the central bank issuing the currency pair new step is successful at the moment, because the issuance of this bulletin will cost the state treasury large sums of money in light of the financial crisis experienced by the country,
as well as the intention of the bank to delete the zeros of the Iraqi operation, which means the destruction of these two categories in the near future.
diagyAAAE says(12:35 PM): He said “This move has some pros on the trading volume of paper and reduce the money supply in the domestic commercial circulation, but it will not eliminate the need for the dollar to the lack of adequate safeguards in the Iraqi dinar against other currencies on the domestic level, as well as the need for merchants to buy goods in dollars from abroad “.
donnie says to pinkadonai1(12:35 PM): of course you're special
BGG says to wvchsr(12:35 PM): yes... the info game is about to get cleaned up.
diagyAAAE says(12:35 PM): Central Bank of Iraq and intends to issue the process of new paper from the category of 50 thousand dinars and 100 thousand dinars not to grudge measures aimed to revive the local market chain.
The most likely parliamentary Finance Committee member Jabbar Abdul Khaliq reduced demand for the dollar in the Iraqi market with a new class version of the local currency . It ended 25 K
donnie says to clay(12:37 PM): so far BGG is not in jail cause he was just in here but we haven't heard from poppy yet
junebug says(12:38 PM): papatom at the moment things are kinda onhold :(
diagyAAAE says to Papatom(12:38 PM):bgg is on a call
BGG says to donnie(12:38 PM): Poppy won't be in jail either.
jtank says(12:38 PM): too smart
clay says to Stash(12:38 PM): (lol)
junebug says(12:39 PM): he JUST now said looks like the info is getting ready to be cleaned up
BGG says(12:39 PM): The Dinar community is about to get cleaner.
clay says to BGG(12:39 PM): yep
jarhead says(12:39 PM): he gets to meet bubba too
diagyAAAE says(12:39 PM): oic NVRMND
BGG says to diagyAAAE(12:39 PM): because he's a scam artist.
BGG says to diagyAAAE(12:39 PM): once it comes out who he was being paid by - it will be even better.
BGG says(12:40 PM): OK back to Round Table - ??
clay says to BGG(12:40 PM): is it true investment law passed and is it implimented
disciple7 says(12:40 PM): geez i cant wait to find out who was paying him now.....
clay says to Papatom(12:40 PM): real
BGG says to clay(12:40 PM): Not that I have heard.
Mrs BGG says to jarhead(12:40 PM): just a minute
BGG says to Blossom(12:40 PM): no telling.
jtank says(12:41 PM): we going to see the 50k and 100k notes?
BGG says to jtank(12:42 PM): I doubt it even more now than before.
jtank says(12:42 PM): me too thx
BGG says to jtank(12:42 PM): would you like me to explain?
jtank says(12:42 PM): defeats reval
jtank says(12:42 PM): yes
BGG says to jtank(12:43 PM): that CBI just got banks to agree to sell USD for 1193 (lowest number in a long, long time)
jtank says(12:43 PM): need more bgg
BGG says to jtank(12:43 PM): the last recorded auction was 289 mil... bigger than anything recent by 150 mil...
jtank says(12:44 PM): true
pinkadonai1 says to BGG(12:44 PM): That was on the 1st of June right?
BGG says to jtank(12:44 PM): so if they go along like this for a week or two (we'll have to see how sales go) they will pull TRILLIONS of Dinar from circulation without having to introduce any new notes.
BGG says to jtank(12:45 PM): the main thing they were after - and they can just use USD to do it... get the Dinar off the street before they have to buy it back.
jtank says(12:45 PM): SMART--GET IT
BGG says to jtank(12:46 PM): which - if you think about it - they keep this up for a bit - it's a dead give-away.
BGG says to pinkadonai1(12:46 PM): Yes - correct.
Mrs BGG says(12:46 PM): Okay, are there any other questions?
wiley says(12:46 PM): HA , WHO WILL CLOSE FIRST ?
donnie says to BGG(12:47 PM): hold off the RV while the CBI sells dollars to load up on Dinar - then RV and all that Dinar reserve shoots up in value overnight!!
BGG says to donnie(12:47 PM): there you go.
diagyAAAE says(12:47 PM): makes sense
jtank says(12:47 PM): they sure wont tell us what they are really doing will they
diagyAAAE says(12:47 PM): jt ask
diagyAAAE says(12:47 PM): and you shall recieve
clay says to BGG(12:47 PM): how long can this take using the auctions for our blessing
donnie says to clay(12:48 PM): 14 days left till Ramadan!!
clay says to donnie(12:48 PM): yep
BGG says to jtank(12:48 PM): Nope - it's up to us to figure it out.
jtank says(12:48 PM): actions telling us
tman23 says(12:49 PM): Reportedly....... By Reuters....... The Kurds ceased pumping oil through Sumo today....... and ...Last evening the Kurd television ran a "money report" on the 3 zero's.......
The Kurds not going through SUMO is TO SOON !! The tariffs will begin July 1st.......another says held off until 2016......... This is going to be a week of fireworks..... All we can do is sit back and watch the show..... The Grand Finale is never far off once the fireworks start.......
BGG says to clay(12:49 PM): not sure - but this and lots of other financial news is HOT STUFF!!
Mrs BGG says to tman23(12:49 PM): Thanks!
clay says to BGG(12:50 PM): right thanks
diagyAAAE says(12:50 PM): One can only pull so much sense from this before it gets grayed out.... WE as consumers are on a need to know basis IMO
jtank says(12:50 PM): TMAN GO
BGG says(12:50 PM): Thanks Tman23!!
jarhead says(12:51 PM): yes sir thanks
JETSET says(12:51 PM): things seem to be going to an even higher level
BGG says(12:51 PM): OK back the two pieces I was after originally...
jarhead says(12:51 PM): lol
BGG says(12:52 PM): Ebadi, an adviser to calls to install Governor of the Central Bank confirms: no one dares to turn it into a commercial bank
fsaint7777 says(12:52 PM): BGG how can the CBI go beyond July 1st , with the IQD at 1166????
BGG says(12:52 PM): Long-Presse / Baghdad - Called on the Economic Adviser to the Prime Minister Haider al-Abadi, on Wednesday, to install governor formally the Central Bank,
and stressed the need to be "financial policy maker", and as pointed out that the international community address Iraq constantly in this regard, ruled dare any party to the attack on its independence and turn it into a commercial bank supplement policies "temporary government."
BGG says(12:52 PM): The appearance of Mohammed Saleh said in an interview to the (long-Presse), "The work of the Governor of the Central Bank acting and subjected to political quotas did not affect the Iraqi economy is now very dramatically, especially after three years on the job distracting proxy".
BGG says(12:52 PM): Saleh pointed out that "the global community that respects the stability of Iraq by the central bank and fixed this approach can not be underestimated," ‘pointing out that "the stability of the Central Bank of Iraq Christsn his money abroad from creditors."
BGG says to fsaint7777(12:52 PM): Not sure - not for me to say.
fsaint7777 says(12:53 PM): Tariffs to begin July 1st what are the chances????
clay says to fsaint7777(12:54 PM): they have postponed the tarrifs b4
JETSET says(12:54 PM): problem is that tariffs have been scheduled to start several times in the past
junebug says(12:54 PM): quite a few times actually
fsaint7777 says(12:55 PM): Clay this is true !!!!
clay says to JETSET(12:55 PM): right
clay says to fsaint7777(12:55 PM): prayin not again
BGG says(12:55 PM): But back to this piece... I don't see this as a guarantee Dr Shabibi comes back. In fact, while it is good news they want to install a legit (not proxy) CBI Gov... ‘
nowhere does it say it will be Dr Shabib. Further - if one understands the dynamic between Shabibi and Maliki - it is tough to imagine Shabibi will come back as long as Maliki has any sway whatsoever.
BGG says(12:55 PM): (according to my sources)...
JETSET says(12:55 PM): so for us dinar veterans, tariffs don't do much for our excitement level... 8-)
junebug says(12:56 PM): agreed jetset
Comments may be made at the end of Part 2 Thank You