JimBake: GM all...I wish we all could remember the 3 immutable Laws of RV...it would make it so much more less stressful (wait, what?) for everyone imo.
OK, a quick reminder of the 3 Laws of RV.
Law #1-- NO ONE, repeat, NO ONE knows when the RV will occur.
Law #2- NO ONE knows EXACTLY what the rate will be until it is announced.
Law #3- NO ONE likes Laws #1 and #2!!!(but, they are that way for a good reason imo)...And also remember, Come it WILL!
sczin11 THEY ARE NOT PUBLISHING IN GAZETTE, IT APPEARS, AS THEY NEED ALL DUCKS IN ORDER.
I TAKE IT, THAT THEY KNOW THE BUDGET LAW STATES IT MUST BE IMPLEMENTED ONCE IN GAZETTE, AND THEY NEED LAWS FINISHED TO DO SO...
THUS THE ALL AT ONCE THEORY, OR CLOSE TOGETHER.
Millionday "Finance Committee revealed in the House of Representatives for open electronic clearing system files across the banks."
THEY ARE OPENING THE ELECTRONIC CLEARING SYSTEM...
THIS IS THE OPENING OF THE INTERNATIONAL BANKING SYSTEM PER COMPLIANCE AND HOW GLOBAL BANKING IS DONE AND LINKED.
 BANKS...HAVE BEEN ISSUED AN INTERNATIONAL SWIFT CODE SYSTEM...[and] EXCHANGE FOR MONEY COMPANIES...HAVE SWIFT CODES AS WELL.
THEY WILL BE CONNECTED TO MANY MANY BANKS ACROSS THE GLOBE WITH THE SWIFT SYSTEM.
THIS IS SO VERY IMPORTANT FOR THE ENTIRE PROCESS OF IRAQS GLOBAL ENTRY ETC AND ALSO THE INTERNATIONAL ACCEPTANCE.
EVERYONE NEEDS TO UNDERSTAND WHERE THIS PUTS IRAQ`S BANKING REFORM PROGRESS ON THE SCALE OF BEING DONE ACCORDING TO WHAT THE WORLD BANK SEES FOR ITS COMPLETION...
HUGE HUGE WHOOOPOW.
Topic: “Only those who will risk going too far can possibly find out how far one can go.” T. S. Eliot
D.K.C. This tidbit from Zap really made my weekend…Very encouraging :
“ZAP SAYS; HI ALL…SOMETIMES, WHEN ALL SEEMS LOST, A RAY OF SUNSHINE PIERCES THE VEILS OF CLOUD OBSCURING OUR VISION, AND DISSIPATES THE DOUBTS THAT HAVE BEEN HEAPED ON OUR SOULS.
NOW THAT THE CHINESE NEW YEAR IS UPON US THIS COMING FEBRUARY 19, THE CAVEAT TO THIS EVENT IS THAT ALL DEBTS FROM THE PAST YEAR MUST BE SETTLED.
WE HAVE A BIT OF SUNSHINE PEEKING FORTH.
Hello ZAP , Susan and Staff, Your continuing efforts to keep us informed is appreciated. Thanks for that. There are reports that next week will be an important one.
1.Ambassador said several days ago there would be a significant announcement. By or before the Chinese New Year, February 19th.
THE AMBASSADOR IS WISE. HE UNDERSTANDS THE NEW YEAR REQUIREMENTS. HE IS AFTER ALL CHINESE AND KNOWS WHAT THIS MEANS. THERE WILL BE CERTAIN ANNOUNCEMENTS.
2. Several reports that the US cannot meet its financial obligations on the 17th of February.
THE US CAN NOT MEET ANY FINANCIAL OBLIGATION, AND PRINTING MORE BILLIONS IS NOT ACCEPTABLE.
THE PAYMENTS MUST BE MADE IN TANGIBLE AND APPROPRIATE WAYS, NOT BY BRINGING IN MORE WHEELBARROWS OF FRESHLY PRINTED FIAT NOTES.
THERE IS NOT THAT MUCH TO SAY OTHER THAN THAT YES, WE ARE IN THE MIDDLE OF THE RESET, NO IT MAY NOT BE EVIDENT BEFORE THE CHINESE NEW YEAR, AND YES IT WILL GO FULL FORCE AFTERWARDS. SO RELAX A BIT AND WAIT FOR IT.
Sqwatchy February 16, 2015 at 10:38am
Q: How long does the Chinese New Year last?
A:Quick Answer…The festivities celebrating the Chinese New Year, which marks the beginning of the Chinese calendar, can last for approximately 15 days.
The Chinese New Year celebration is also known as the "Spring Festival" or the "Lunar New Year" and is the most important festival within the Chinese culture.
maoakes12 » February 16th, 2015, 10:54 am IMO- FED
The Federal Reserve --The group of 12 who control the $ in the world. They will decide when the cork pops and how far it flies when it pops.
moneytalks1 :Hi Aggiedad,Could you comment on the alleged surprise Abadi said we would see AGAIN today. Maybe the surprise was for the Iraq people..nothing to do with the exchange rate and dropping the 3 zeros.
Not to be negative but the CBI website still.. shows 1166.
Unless Frank's Team sees any surprises, it doesn't look like any earth shattering news-so far What do you think? Thanx.
Aggiedad77: Allow me to interrupt and delay the news summaries to address your questions....people outside of Iraq and their government have made conclusions that PM Abadi's "surprise" might have to do with the exchange rate or dropping the 000's....he has not talked or looked in this direction himself that I am aware of....
I do not see anything that would say it is an "alleged" surprise....Abadi has very openly pointed to a surprise and I believe him to be a man of his word....if he said he would show a surprise he will...at the right time.
If you choose to see the 1166 on the CBI site as a negative I can't control that.....to me it continues to prove that the CBI has control over the value of the IQD and they are maintaining a status quo.
As for earth shattering news.....that all depends on how one would define that term.....if it is solely based on whether there is an RI/RV then maybe yes....but the news we see and read is full of fruitful events and good indicators of positive efforts being made....efforts that were not there a year ago...just wait for it....be patient....and wait for it. Aloha Randy
walkingstick » February 16th, 2015, 11:08 am
Azeri central bank abandons currency peg to U.S. dollar
BAKU Mon Feb 16, 2015 7:48am EST
Feb 16 (Reuters) - The Azeri central bank said on Monday it had abandoned its currency peg to the U.S. dollar and would instead use a dollar-euro basket to manage the exchange rate of the country's manat currency.
"A decision has been made to conduct a policy based on a mechanism of a dual-currency basket, which includes the dollar and euro," the central bank said in a statement.
"The central bank will continue its participation on the currency market in the framework of a corridor." (Reporting by Nailia Bagirova; Writing by Margarita Antidze; Editing by Alexander Winning)