Issuance of New Iraq-Related Executive Order
The President signed an Executive Order (E.O.), “Ending Immunities Granted to the Development Fund for Iraq and Certain Other Iraqi Property and Interests in Property Pursuant to Executive Order 13303, as Amended,” terminating the prohibitions contained in Executive Order 13303 of May 22, 2003,
as amended, on any attachment, judgment, decree, lien, execution, garnishment, or other judicial process with respect to the Development Fund for Iraq and Iraqi petroleum, petroleum products, and interests therein, and the accounts, assets, investments, and other property of the Central Bank of Iraq.
The E.O. does not otherwise affect the national emergency declared in Executive Order 13303, as expanded in scope by Executive Order 13315 of August 28, 2003, which remains in place and continues as the basis for certain sanctions on the former Iraqi regime, its senior officials and their family members, and designated persons who threaten stabilization efforts in Iraq.
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The White House
Office of the Press Secretary
For Immediate Release
May 27, 2014
Letter: Ending Immunities Granted to the Development Fund for Iraq and Certain Other Iraqi Property and Interests in Property Pursuant to Executive Order 13303, as Amended
Washington lifted the immunity of the Development Fund for Iraq and certain Iraqi assets
Shabibi's (range): jeopardizing the independence of the central bank shows our money abroad at risk
[lightingcslt] well there you go, that's nice to wake up to !!
[tlm724] lightingcslt yes awesome news ! Their taking back their dough !
[tlm724] here's what Shabibi had to say today:
"central bank money reserved as a reserve in a number of central banks international discreet, since the Central Bank of Iraq enjoys financial and administrative autonomy and independence as well as in decision-making, there are no fears for Iraq's money." also :
"the central bank money is not used in international trade, but effectively contribute to the stability of the national currency as they meet the demand for this currency, as they contribute to the world with the other reserves to stabilize the global monetary."
[tlm724] national currency Wink
[lightingcslt] so when do you iyo think are they going to pull the DFI funds?
[tlm724] I would think they could get them fairly quickly with the technology we have now but Shredd would know about that part, I think as soon as Turki has things lined, maybe a week
[lightingcslt] k ill go with that
[tlm724] wait Turki probaly already knew this so maybe a few days now that I think of about it he knew already !
[lightingcslt] things that make you go hmmm
[tlm724] indeed !
[tlm724] so here's a few thoughts off the top of my head keeping in mind I haven't had enough coffee yet lol
[tlm724] 1. The CBI knew this money was coming back
[tlm724] 2. I believe the 6 day delay was for Turki to set things up
[tlm724] 3. I think this will back the currency and the 3 zero project IMHO . With 90 tons of gold, approx 100 billion in reserves and now approx 180 billion from the DFI the CBI can comfortably make their moves ! June is lining up to be a tell all month .
[tlm724] lightingcslt would you agree ?
[lightingcslt] tlm724 good possibility he knew timmy
[lightingcslt] tlm724 actually the more you think about it its probably happening right now
[tlm724] so much going on leading up to June !
[tlm724] yes lighters !
[lightingcslt] tlm724 Turki did say by the end of mid year
[tlm724] yes he did !
[lightingcslt] wow the truth for once
[tlm724] I hope so lighters
[lightingcslt] nonetheless awesome news
[Compassion] This may have been asked and answered, but I keep watching the Currency Auctions......hoping to see NO auctions, or very little USD going out....
are we still wating for the CBI to start taking in USD and no more auctions before we actually see this happening? (sorry if I am asking something maybe you all know about) Morning and good job, team!
[tlm724] Compassion its all good
[Compassion] Flood the economy with USD, and than bring them all back in, and release the RV.
[tlm724] yes the auctions stopping is one of many steps required for the advancement of the project they won't have to bring them back in per se Compassion they will dwindle away into the sunset
[lightingcslt] Compassion imo they will dedollarize when they make the dinar stronger than the dollar
[tlm724] lightingcslt right, the dollar will gradually fade into a distant memory
[Compassion] Okay, if I woke up tomorrow and my USD was worth less than what I had in my bank.....just like in Iraq, if they had USD all over the place and they woke up and it was worth less than their Dinar, wouldn't that hurt the economy?
[lightingcslt] Compassion imo no
[tlm724] Compassion I'm thinking not only because they will take them to the bank and trade them for dinar, sure it will hurt for a hot minute if it goes under a dollar but the overall boon to the economy will straighten it out in a matter days imo
[lightingcslt] Compassion imo this is going to be a managed float of the dinar against the dollar
[lightingcslt] its not coming out at 3.33 that's for sure ,will be someday
[Compassion] So it will start off lower than 3 bucks, as an example, and once the Iraqi's see the dinar going up, they RUSH to the bank and get the LDs.
[tlm724] lightingcslt it has always made sense to us that they would introduce the LD's around a dollar and grow from there but no one knows for sure, but it does make sense
[lightingcslt] yes timmy
[tlm724] there ya go