[tlm724] let me show the art from yesterday that I want to talk about briefly
Central Bank allows opening accounts for money transfer companies in the bank 21/04/2014 10:20:00 BAGHDAD / NINA / Central Bank of Iraq declared that it granted approval to the companies of money transfer to open accounts directly in the Bank. A statement for the Central Bank of Iraq cited that:
"The Board of Directors, in its meeting yesterday, decided to let money transfer companies to open accounts in the Bank directly deal with both / Iraqi dinar and dollar / to carry out the purchase of foreign currency."
The Bank asserted that the opening accounts for the companies directly will contribute to the expansion of auction of foreign currency and contribute in the stability of the currency exchange rate permanently. National Iraqi News Agency - NINA
[tlm724] late last night something occurred to me about this article
[rsp1] it is a great article
[lightingcslt] stability of the currency exchange rate permanently *hallelujah*
[rsp1] Yeah, I like that the most...PERMANENTLY!!!!!!!
[lightingcslt] rsp1 yes
[rsp1] STABILITY and PERMANENTLY = words of the day!!!!!!!!!!!!!!!!!!!!! they are the *bomb*
[tlm724] Not only is this a way for the CBI to control spread of the market price thus creating the stability that is required of them by the IMF
[tlm724] but it also allows them bring in the triple zero notes
[lightingcslt] tlm724 hmm
[tlm724] Think about it what a brilliant plan !
[tlm724] By allowing the traders to participate in the auctions the CBI has complete control
[rsp1] that's bring in OFF THE STREETS
[tlm724] over all the dinar in country with the exception of what is held privately
[tlm724] Talk about a plan !
[tlm724] This is part of the currency reform being revealed to us
[tlm724] The CBI already has control over the banks dinar
[tlm724] now they will have the traders dinar as well
[tlm724] Bring all the dinar in and we know they are not putting it back out
[lightingcslt] tlm724 nice going
[tlm724] amazing and cunning work here
[tlm724] Having the dollar out on the street will not be an issue when it RV's or whatever the CBI intends to do
[tlm724] because the people can just trade in their dollars for the newly issued dinar (LD's) when it is released
[tlm724] now BondLady just posted an article about the CBI's actions so lets look at that while we are talking about this and it will require you to read
Central" decides to enter the banking companies to currency auction without intermediaries Baghdad / term-Presse Decided the Iraqi Central Bank to allow banking companies financial enter the currency auction "without broker",
and stressed that this action will contribute to the stability of the dinar exchange rate and expands the auction of foreign currency, as pointed out that those companies would be "a true partner" to support the economy. ,
the bank said in a statement received (range Press) copy of "The Board of Directors of the Central Bank decided at its meeting held on Sunday, the money transfer companies to open accounts directly with the Central Bank of Iraq,
the Iraqi dinar and the dollar to carry out the purchase of foreign currency, and that this process will expand special events auction of foreign currency and contribute to the stability of the exchange rate permanently, as well as making these companies a true partner in operations supporting the Iraqi economy and the stability of the dinar. "
[tlm724] so the traders can go directly to the CBI with their trucks full of dinars and participate in the auctions
[lightingcslt] tlm724 their trucks lol
[tlm724] making them a true partner as stated
[tlm724] lightingcslt yep
and had a number of owners of companies banking financial criticized on 3 December 2013, the tough measures of the central bank and the routine which controls the procedures, and argued that they can not approach the office of any employee to ask about the fate of their transactions,
and while stressed that the CBI lacks regulations in its dealings, pointed out that what puts Bank of instructions and controls "harsh and where injustice."
and confirmed the CBI (October 24 the second in 2013) seeks to amend the banking laws commensurate with the current situation, and pointed out that the money laundering law highlighted laws that seek to modify it, while stressing that he goes to play a developmental role of the Iraqi economy. central bank had announced, earlier, for the abolition of ban
[tlm724] so the owners were upset over all the restrictions the CBI put on them, well not anymore
central bank had announced, earlier, for the abolition of banking companies unregistered has, regardless of their access to leave from the Ministry of Commerce or not, and stressed that the banking companies registered and approved before 2003,
the 300 companies only, as pointed out that the current companies exceeded thousands a mixture of companies operate according to the terms and conditions of the bank and the other got a leave of absence from the Ministry of Commerce While other companies without getting any vacation.
was the Truth in matches Development Fund of Iraq revealed, in April of last year, the central bank sold during the past six years in currency auctions conducted by about 207 billion dollars, equivalent to 56% of revenues Iraq's oil in those years,
and while confirming that those sales were more doubles than you need the local market, they revealed that more than half of those sales went to the banks specific poured their purchases from the bank in the Gulf and Jordan
[tlm724] before 2003, the 300 companies only, as pointed out that the current companies exceeded thousands a mixture of companies operate
[tlm724] now how much dinar do you think thousands of companies carry ??
[tlm724] ya gotta think outside the box on this one
[tlm724] lightingcslt yep !
[tlm724] accused deputies, politicians and economists CBI over months years, burn "an average of four billion dollars a month in an auction of hard currency for the benefit of 10 banks, most of the capital of the Gulf, most of the day you buy the claims of the central bank's hard currency and check obscene profit up to 6 percent, making it the control of the Iraqi economy." LINK
[lightingcslt] what better way to really bring them in brilliant
[tlm724] lightingcslt you got that right !
[tlm724] "an average of four billion dollars a month in an auction of hard currency for the benefit of 10 banks
[tlm724] now add thousands of traders etc... to that number ^^^
[lightingcslt] you mean there's someone out there actually smarter than us?
[tlm724] lightingcslt oh I think Turki is more than smart
[lightingcslt] tlm724 me too
[tlm724] he is a chess player and he is making his move, check mate !
[lightingcslt] tlm724 yep and you are reading him good job
[tlm724] ty lighters