Subject: BondLady and Administrators Chat
[tlm724] lightingcslt lemme give ya one summary of my thoughts please
[Dogznova] they playin with us
[lightingcslt] tlm724 please do
[tlm724] lightingcslt ok ty this is the way I see it , we ALL have valid points let me explain
[tlm724] BondLady says we need to the laws and I agree, we need the Banking laws amended to comply with several points 1. modern banking strategies and international banking requirements 2. Basel compliance 3. to comply with the IMF requirements for reform 4. and because some of them no matter apply , next is this
[tlm724] DogzNova has shown me his research and he has also has a valid point, they DO indeed go by a schedule , now are they continuing with the schedule no one knows but again his research is very accurate so I see his point as well, next
Read More Link On Right
[tlm724] My personal thoughts are these and you share in many of them lighters. I believe like I said there will be series of events, many already happening now, that will come about to show us what we seek, namely, laws being amended, the launch of the plan for the new currency and increase in value and the electronic system being turned on
[tlm724] I don't mean to say I know anything for sure because I do NOT, no one does ! I am just trying to think logically about all the possible scenarios and considering Shredds opinions and vast banking experience as well..
[tlm724] this team is brilliant and all things considered I think we have a good handle on this thingy
[tlm724] lightingcslt and yes you may be right and it is certainly possible thats this could indeed be fast tracked !! We will wait this out and thank God we are all together and have the best damn leader out there !
[Dogznova] IMO some things definitely still need to be done.. we shall see real soon if they can wam bam them all real fast...
[lightingcslt] tlm724 there is one problem
[BondLady] ty timmy that was a great summary of fact
[tlm724] BondLady yqw
[Dogznova] sure was
[tlm724] lightingcslt whats that ?
[lightingcslt] if they need laws passed for anything to happen to make their currency into a international currency then it will be sometime before it is they hate each other imo
[Dogznova] lightingcslt that's just opinion though... they could surprise all of us and pass them next week...
[tlm724] lightingcslt I don't think so , you forgot the CBI IS changing the laws NOW !
(News & Announcements - 2013)
Assesses the Iraqi Central Bank Workshop on proposals to amend the Banking Law and the Law of the Central Bank of Iraq and the anti-money laundering law for the period from 11/24/2013 -2013/11/28 and receive suggestions and views on amending the laws listed on the e-mail (Cbi@cbi.iq)
2013 / 11/17)
[BondLady] they can hate all they want to but at some point it'll go to the feds for a decision if they can't make it for their childish selves
[lightingcslt] BondLady then why haven't they done that yet?
[Dogznova] that's exactly what we are looking for.. Any change in CBI law
[BondLady] because their still hashing them out. Iraq doesn't progress on our level of speed, you have to NOT forget that they move at their own laid back time, no matter how important they will not move fast they and their culture believe 1000% they have to go in from every single angle until there's just nothing left to discuss in them and then they will pass it
[BondLady] don't forget also they are a very paranoid people who feel like everyone is out to separate their wealth from them
[BondLady] and they have to exhaust themselves until they feel its minimal what they could lose but mega what they could gain
[tlm724] BondLady the GOI said they will support the CBI in anything they need so
[tlm724] when the CBI makes the final amendments to the banking laws then the GOI should have no issues with them imo
[BondLady] I feel that's so too
[tlm724] oh good ty
[RCS1947] good point
[tlm724] BondLady I do have a question though please
[tlm724] do you feel that the Banking and anti-money laundering law etc ... the laws the CBI has control over, will be enough to satisfy the CBI's need for the currency reform?
[BondLady] when they pass the deposits law also then yes probably imo
[BondLady] kinda look at it from this point of view, the average Iraqi is very untrusting, they know how corrupt people of Iraqi power are
[tlm724] okay I was thinking along those lines but I forgot about the deposit law, kinda like our FDIC ty
[BondLady] they saw how much money would disappear from banks so they have to get the trust of the people and by passing the deposit laws.
Then the deposit laws will insure and assure the people that if you put your hard earned pay check in our bank it will still be there when you need it and they won't charge them an arm and leg for keeping their money safe.
So there was a article, I think today, about the Rasheed bank and said you put in money and they was charging them too much for keeping it, see this requires the deposit law
[BondLady] there complaining you put say 20,000 dinar in and the bank keeps 5,000 of it
[tlm724] would definitely discourage me from making a deposit
[BondLady] yes, so this is a important law they have to gain the trust
[tlm724] as well as actually increasing the banks capital with those deposits
[BondLady] and the people do or did respect the CBI governor, the people used to have a lot of confidence in anything the CBI gov did or said so if Shabibi told them what he was going to do the people respected what he said and I hope the same respect would go per Turki. Like Shabibi once said everyone listens to the CBI gov when he speaks so he had to be careful what he said
[BondLady] anywhos great chats today and debates/discussions timmy and tyvm
[tlm724] my pleasure always BondLady