OilRat February 25, 2015 at 10:12pm Just finally got a call back from my contact that I spoke to last night and he said there are final details which are and have being completed.
All the lower denoms have been flown to all the banks around Iraq.
He was told that even though it did not happen last night, expect it to finally happen this weekend.
All is lined up, so stay focused and grounded as we are almost home.
Luv you all as family...as always treat as rumor until it happens.
Hope this helps everyone here!!!
There was much other he said that gave me confidence, of which I can't repeat.....I can say the rate he mentioned was over 3.70
Davidachek February 25, 2015 Here's my take on what might be going on and why it seems like things are a little askew at the moment.
Randy was correct yesterday when he surmised that the budget passing is really just a distraction from what is really going on. Others have shared the same view. The GOI is working on something else entirely and the rest of the budget - the REAL budget - will come out right before the RI/RV occurs. We'll see it clearly then.
So, then what is going on that they're using the budget to distract us from? I think it has something to do with the ATVLA that PT says is like our FACTA. It's Iraq's foreign tax treaty. They need to get this passed first and they're likely working on it right now.
The other big deal date is the start of Basel 3, which is March 1st. Probably won't take effect until Monday the 2nd. This is the new banking system that could usher in the GCR. I think we're in the last week of this thing. Am I on track here folks?
Dawn C > Davidachek I feel your comment is right on track. It is done and the new system will protect or assets and our money will have value. All divine timing.
Linnea > Davidachek I am really liking your thinking...If March 2, Basel III is brought before Congress, that is a very loud death knell for the cabal. I wonder what kind of distraction, besides the budget, they will create just prior to this. hmmmm, rv meditation time to keep energies high!
R.V. / GCR February 25, 2015 at 7:06pm Congress is in session discussing legalities on the Trn remember this is a new congress
[BigDog-OH] BIS: General principles for international remittance services http://www.bis.org/cpmi/publ/d73.pdf
[FLPatriot59] I did want to encourage you all to pay attention to the amount of equity derivatives the bank of your choice is carrying on their books. This may help you determine where to exchange. Here's where you can find that info: http://www.ibanknet.com/scripts/callreports/filist.aspx?
[FLPatriot59] Futures contracts, forward contracts, options and swaps are the most common types of derivatives. Derivatives are contracts and can be used as an underlying asset.
There are even derivatives based on weather data, such as the amount of rain or the number of sunny days in a particular region.
Derivatives are generally used as an instrument to hedge risk, but can also be used for speculative purposes. For example, a European investor purchasing shares of an American company off of an American exchange (using U.S. dollars to do so) would be exposed to exchange-rate risk while holding that stock.
To hedge this risk, the investor could purchase currency futures to lock in a specified exchange rate for the future stock sale and currency conversion back into Euros.
backdoc » February 25th, 2015,
WHY DO YOU THINK THE CENTRAL BANK IS LOANING MONEY TO THE GOVT.?
ANSWER: BECAUSE THERE WILL BE NO BETTER RETURN ON THEIR MONEY ANYWHERE ELSE IN THE WORLD!!!
JUST FOR YOU FRANKIE !!! TAA DAA
Frank26: Yup to the 10 th degree. KTFA Frank
Robdel :Frank, or anyone with an explanation…..SO the CBI is now using remittances in lieu of selling dollars. So that tells me that they are now using electronic means of currency. Is this correct?*
Frank26: Yup. And tells You how they have tighten the CONTROL of their money . KTFA Frank
cshessman » BOY IF IT WAS A SNAKE IT'D BITE MOST RIGHT ON THE NOSE WOULDN'T IT FRANK E FRANK E
Frank26: First ...... On the breath of that nose. KTFA Frank
elmerf123456: Big find by OkRocks!
2/26/2015 0:00 BAGHDAD - Tariq al-Araji
Launched the ministries of finance and planning instructions and implementation of the federal budget of the Republic of Iraq for the year / 2015 after being placed in the general framework of the strategy required by the current stage and confirmed most of the approved financial allocations in the budget to take advantage of the employment of energies in order to continue the cultural building sophisticated Iraqi society.
The included instructions prepared in accordance with the provisions of the federal budget Law No. (2) for the year / 2015 in its segment first necessary to coordinate ministries and departments is related to the Ministry and provincial councils and offices of inspectors general validity of the controls in the use of approved allocations in the budget, while the second section which included instructions and implementation of the federal budget for the year / 2015 and included Sections III and IV Angels and instructions and powers of the implementation of capital project expenditures (investment) for the year / 2015.
She stressed the two ministries to comply fully with what is stated in this instruction in the public interest and to avoid trespassing on public money and thus exposure to legal accountability.
The inspector general of the ministry Maher Hussein Rashid in an interview with "morning" that the ability of the Ministry of Finance to pay the salaries of employees and retirees.
And between Rasheed said the ministry held a lengthy meeting chaired by Finance Minister Hoshyar Zebari in the presence of officials and stakeholders from the financial and bankers to find solutions and alternatives and treatments effective to fill the shortfall in the budget, explaining that one of the solutions to resort to buying hawala bonds in times that require this solution because the hawala bonds benefits Besides government banks do not download an additional burden being shouldered the burden of some of the issues related to self-finance companies own Cabinet decision last firing dues especially.
He stressed that the provision of liquidity will be through the imposition of taxes and fees through the activation of the tariff in order to bridge the deficit, they returned the budget planning and no realistic being affected by fluctuations in the economic market and revenue, whether oil or other revenues, and expressed hope that the ministry develop effective treatments for that matter.
He said the inspector general of the Ministry of Finance that the budget provided for the compulsory savings, which is subject to the instructions and regulations issued by the Council of Ministers, who said he still has not issued the checks and therefore the frequent talk about premature, noting that the ministry pending the cabinet puts controls and instructions relating to savings compulsory Being one of the paragraphs in the budget, stressing that employees' salaries is a red line that can not be untouchable.
He disclosed that the value of the amounts that had been stolen "Daash" guerrilla terrorist of the Rafidain and Rasheed, after tottering on the provinces of Nineveh and Salahuddin, Anbar, Diyala, exceeded 200 billion dinars, noting that the ministry has completed the investigation into the theft of Rafidain Bank and approved by the Minister of Finance, as the competent Rasheed Bank in the process of achievement.
He also noted that this topic observer by the Integrity Commission and the General Secretariat of the Council of Ministers and the Prime Minister's Office and the security stakeholders.
Rashid counting Finance large Ministry of banking and tax sectors, retirement, customs and other departments which is in contact directly with citizens, the cast on the office very big tasks, and is therefore the most important concerns simplification of procedures related to citizen service, and in line with the orientations of administrative reform adopted by the state in order to reduce actions of all the joints of the ministry as a service.
He noted that the most important criteria for the part of 2015 year plan centered development of integrated and solid data to Real Estate State base, indicating that there was a doubt to be some of the properties the state is marked in the Ministry of Finance records, which requires presentation of several proposals the fact that work in the Real Estate State saves bush prevention before investigation and therefore there are several proposals were approved by the Minister and submitted to the higher authorities within the recommendations of the blessed Integrity Commission which was considered part of the evaluation of the performance of the Inspector General.
He went Inspector General of Finance that the ministry and after the completion of inventory real estate operations of the State will develop specific controls on the most important of the allocation of land for investment, adding that the ministry simplifies topics related to investment to be Iraq's ground unsuitable for investors in order to promote the reality service in it, pointing to the existence of a high coordination with the investment entities body relevant in this direction.
He said the ministry stressed the need to activate the tax settling accounts, especially with the companies and the private sector and the winning actors, and the fight against tax evasion through a package of measures, stressing that the customs directorates less vulnerable to corruption of border crossings.