Post From BondLadys Corner
BondLady & Tlm724 News & Comments 5-7-16 Part 2 of 2
Whichever comes first demonstrations of Parliament or the Central Bank (grand theft by volatile instruments)
May 6, 2016 22:09 Mohammed Tawfiq Allawi
Volatile instruments in Iraq has become a way for those who do not have the money to get several million dollars in a few hours, so how can this be? What is the pilot's instrument?
The so-called instrument pilot is an Iraqi expression of a new treatment banking and properly and universally recognized, Valsk pilot language banks called (instrument certified) in Iraq (or bank draft) in the Arab countries or the (Bank Draft) on a global level,
But where the manipulation? If these are correct treatment it does also occur in other countries or other parts of the world? Although not occur in other countries, why should occur in Iraq?
The answer is very brief, that this can not happen in any other country in the world is not Iraq, two main reasons:
The first reason waste of money in Iraq, a policy which amounts to about 100 million dollars per day and is continuing the policy of unloaded central bank reserve during the two-year period where the collapse then the Iraqi dinar and the collapse of the Iraqi economy,
the second reason is to enable policy to steal money at a rate of five to six million dollars per day of the auction, and this figure will double dramatically greater the difference between the sale price of the dollar by the bank and the price of the dollar in the market (price parallel),
And instrument pilot is a way in which a person who does not have the money from the robbery rather than theft of people with big money can! How can this be?
The central bank sells per day between 100 million to 200 million dollars, if a person wanted to buy, for example, (20) million dollars it means that it needs to pay about 24 billion dinars at a rate of US dollar equals 1200 dinars, and this the amount is difficult to bring him cash to the large size and the difficulty of promise with the presence of other logistical difficulties,
so does this person to issue a certified check by the Rafidain Bank, for example, increased by 24 billion dinars, where he takes this is called pAL (instrument pilot) and delivers the central bank and receives off ( 20) million dollars.
in contrast, turns the $ 24 billion dinars from his account at the Rafidain Bank to the Central Bank account, depending on the instrument authority (instrument pilot), who handed the central bank;
this is a normal situation without fraud or theft, while in the case of circumvent Volomr are as follows: the Rafidain Bank, for example, the issuance of a certified check (instrument pilot) amounting to 24 billion dinars liar without the presence of any amount in person fraudster account in agreement between the manager and some of the staff of the Rafidain Bank and the person crook, and gives that person a crook this instrument certified central bank and takes off the amount of 20 million dollars,
It then discharge this amount in the market every $ b (1300) dinars at today's prices, an increase of 26 billion, then puts (24) billion dinars at the Central Bank in the Rafidain Bank account, he remains has a profit by 2 billion dinars within hours
If Repeat this person this process every day it gets a profit by $ 50 million in one month, so be theft. How do I avoid this?
This is a very simple case, where he provided the central bank electronic global advanced system, a system (RTGS) since 2006, it has been linked to all banks in Iraq, the Central Bank through the system above since 2008, and the use of this system full competence means impossible to circumvent manner (volatile instruments ) because this system detects the accounts of the Central Bank UUC (real time) (real-time - ie in real time),
unfortunately it did not use this system full competence, but under the previous regime used, meaning that the central bank provides the buyer of dollars directly to the dollar, but the clearing does not work directly amount does not receive the dinar until three days later by the old regime, in fact, there was no gravity to this matter since 2003 until 2011 because there were not two prices for the dollar,
Does not know exactly when used this way of understanding with the bank managers and staff of the banks who were participating in the fraud, but is no doubt that this way of circumventing been used very widely 2013 and 2014, has Mr. Ali Keywords using a system ( RTGS) more efficiently, particularly with respect to the element of Al (real time) (real-time - ie in real time) and it stopped circumventing the process of those, and this case is calculated to him,
told me in his letter to me that he was arrested gimmick operations in this way reach the 400 billion dinars, and I do not rule that out, but there are highlights another question, do you thefts stopped?
Did I sums thefts? Answer: No, I grew up during the 2013 and 2014 a large class who grew rich sang obscene way to circumvent that, where as we have previously, that a crook, and no one can steal the amount of $ 50 million in one month, and these owners are dozens and even hundreds of millions of dollars not may need a repeat this process, in order to achieve profit of 50 million dollars a month does not Ihtegwa more than 20 million dollars in their account at the bank, and this amount is now available to their previous Sergathm, and in this case are stealing legally,
The activation of Mr. Ali Keywords system (RTGS) albeit graciously to do it, but what has been achieved means will not allow a new impostor to take part in getting tens of millions, but allowed only for fraudsters veterans can get the scores of millions because of Agtinaihm in previous periods.
Highlights here another question, what is the real source of this big money? The answer is a citizen; but how?
The answer: two ways, namely; the first immediate and direct way, as the daily theft of the amount of (5) to (6) million dollars paid by the merchant to import the needs of the people where buying the dollar to 1300 dinars, rather than the real price, which is less than 1,200 dinars, the difference between the two rates to achieve (5) to (6) million dollars Ksergat,
these thefts are deducted from the daily diet of the people, where citizens find that commodities, particularly food has increased dramatically from what it was before 2011, said that this increase is paid by every citizen of the daily bread of the paid for these thieves who steal with such a large shortfall in the country's resources in every day between (5) to (6) million dollars.
Road II, is a waste of what has been achieved from the reserve currency during the years of oil rise, which amounted to more than 80 billion dollars, and reached today is less than $ 50 billion, this waste is the most serious that can be faced by the citizen, not today, but almost I am convinced in two years of time, then the collapse of the dinar naturally, because what Nasrvh today even with the rise in oil prices is more than Ngenah of oil resources ...
I have seen on the subject in one of the sites the writer says that the Central Bank of the first demonstrations of the House of Representatives, and I support this argument, Fmaachat Representatives with protections do not reach the 20 million dollars a month, and this amount is not the equivalent of four days of thefts central bank !!!
We ask again, is there a solution? Answer: Yes; and this is what we put forward earlier ... and the citizen can find our answer on the site: mohammedallawi.com under the title: (Can save Iraq's economy by the central bank http://burathanews.com/news/292230.html
Bondlady: You can save Iraq's economy by the central bank
May 1, 2016May 5, 2016 mohammedallawi
(Honest tips for the current governor of the Central Bank Mr. Ali Keywords to save the economic situation - the sequel to respond to a message Keywords)
I do not, seeking detracting from you or mention Mt, but I also said in my first message to you my goal to save the country and alleviate the suffering of our dear and honorable people and educate them, they deserve our sacrifice and all altruism Balgali and cheap to rid them what awaits them from the Carpathians and the difficulties and Aptlaouat days Mdelhmat as he is coming ones;
I I know that your success means success and saved the country and save his family, which can be waiting for them from an unknown fate, so I suggest you some suggestions that worked out were you success and evolution, and the country's advancement and prosperity, and citizens the good and the salvation of a large and alleviate their suffering; that these proposals are the tip of the iceberg that I took it carried out a large part of your country you have the right and the right of our honorable us, and these proposals are as follows:
[*]To form a committee of the finest economists Iraqis inside and outside Iraq to arrange for a call for a global conference economist, calls it the finest international economists from various global academic institutions and economic advisory consultants from various world bodies interested in Iraqi affairs in general and the economic situation in particular,
and will be one of the most important tasks Committee selection of at least six international figures as advisers, two specialize monetary policy and two specialize fiscal policy and two specialize economic policies, that have extensive experience in their field and played outstanding in their countries ' role in times of financial and economic crises,
and can cooperate with global actors different that remind below and consult them for the diagnosis of these characters, and pay these amounts rewarding to do studies on the economic situation in Iraq and the prospects for the future and how to get out of the crisis with minimal losses, the Iraqi Committee shall provide them with all the requirements of all the official bodies and non - official in Iraq.
[*]This committee will study all the functions of global organizations that can assist Iraq in its current crisis and to study the reality of each organization and areas that can serve Iraq in this situation,
it is to communicate to these organizations through Iraqi embassies , the Iraqi trade and accessories efficient (where , unfortunately , many of which lack the presence of staff efficient because of corruption in the selection of an Iraq in institutions outside Iraq in international forums) and the personal encounter of these organizations and engage with them on how to help Iraq in its crisis, and calls directed them to attend the conference to be his residence.
One of these organizations , but are not limited to the various United Nations organizations, which have economic coca, the World Bank and the four entities associated with it, which established every one of them for different purposes as a body for International Development and the International Organization for financing international Investment Guarantee Agency and the International Center for Investment Disputes,
which can Iraq testimony in fields different economic, and the international Monetary Fund, the European Organization for economic cooperation and development, and the World trade Organization, and the international Institute of finance, and the international Chamber of Commerce, the World trade Center, and economic Organization for economic cooperation and development, and the World economic Forum and other international organizations that can provide advice and support to the Iraqi economy the deteriorating situation in Iraq.
[*]The planned conference could continue for three days, followed by a workshop for a period of not less than one week is a different government agencies and economic issue an invitation from the Ministry of Finance to the planning to the oil industry, agriculture and irrigation, trade and investment authorities and representatives of the provincial councils.
[*]Holds the Global Advisory personalities in charge of the work of the various policies to develop their proposals based on the conference and to the workshop and subsequent, offers these standardized recommendations, where it is likely that there is a conflict because of the different disciplines,
you must attain a unified proposals take into account all the actors to put monetary and fiscal and economic policies harmonious and integrated in order to promote the country and protect it from an unknown and dangerous future awaits him and can soak in it;
if it succeeded in establishing such a conference and was able to put the right recommendations to save the country, and worked out as governor of the Central Bank as well as the government, Vsakhald your name in history and going to spend eternity all those who contributed name in this plan , and was instrumental in saving the country from a dangerous future awaits us if we fail to provide the necessary solutions in a timely manner.
[*]Constitute a follow-up committee to implement the recommendations, and be invited for a meeting between stakeholders on a regular basis (about once every three months) to follow up the developments and achievements, constraints and changes and future prospects, it is also invited to the same conference a year later to assess the experience and follow up the achievements and development of new recommendations.
[*]Not choose this relatively large number as six global consulting personalities or this multi vain actors, Expectations for future changes in the economic equation does not apply to (1 + 1 = 2), the large number of influential and difficult to predict and the difficulty of planning elements.
For example, a few days ago broke down the so-called (a deal era), a buy Allergan Inc. (Allergan) Irish by Pfizer (pfizer) US pharmaceutical industry and the merger of $ asymptotic's 160 billion US dollars because of the decision by US President Obama to take new action on tax evasion and the issuance of new tax instructions in this regard,
and incurred Pfizer amount of 150 million dollars as expenses effect stopped the deal that configuration took them more than five months, it was almost unanimous that disable this deal will lead to a decline in shares of Pfizer prices due to the loss of an important opportunity to achieve significant future profits after the monopolies on the drugs market global and because of the losses they have suffered,
but the opposite happened, where stepped Pfizer shares significantly prices, has emerged as multiple and varied analyzes on this violation results to all expectations, even if we wanted to know the real reasons why we can introduce more than one analysis and put them together to find out the real reasons,
in front of this fact we need more of an expert all seen the problem from a certain angle and each puts his sojourn, meeting them they can draw as close as possible to reality to save the country,
which could be waiting for him from an uncertain future and serious effects and the suffering of the citizens are afraid to think about it for a great impact and risk the consequences that monetary and fiscal and economic policies It can be a bad period of the siege in the nineties or perhaps the worst of them.
[*]For the auction of the Central Bank, touched in your difficult canceled and Astaadth open letters of credit, as you know , I did not ask to solve letters of credit as the only solution because I know the level of complexity and the difficulty of implementing small business transactions or transactions with Iran ,
therefore you are asked Furthermore, the second solution , a (Payment presentation of shipping documents (Cash against documents where this way can import any goods no matter how small the treatment of banking simple, but can even import of goods from Iran even as it is under siege,
where the presentation of shipping documents to the bank in Iran Representative of Iraq to the bank ( the Corresponding was Bank) the Bank Iraq to pay the cost of the goods in cash to the account of the issuer of the Iranian bank inside Iraq, the more difficult the case could face the central bank could be solved so easily,
and this method you followed when I was minister of communications such as Turkey to the ministry when he anchored one of the tenders on an Iranian manufacturers of wires , Vtbrerk is not an acceptable excuse for continuing currency auction approach, because , unfortunately , I repeat that the greatest corruption and the largest thefts are due to continued ill - fated currency auction , which will empty the country 's reserve and impoverishing the Iraqi citizens to private interests of some spoilers.
[*]As governor of the Central Bank should focus your attention on tens of thousands of citizens who suffer most Anah because of their inability to withdraw their deposits from private banks, he came to me one of them and he has nearly $ eighty thousand dollars in a bank, which is in urgent need of this amount for the purpose of travel for the treatment of malignant disease,
He asked me to help him to connect to this bank to get the money; the truth that must I say that this is the central bank's job, should the central bank stands ready to pay any amount to anyone who deposited money in one of the private banks can not only get part of it painstakingly
Just as you know that there is the proportion of deposits of depositors at the central bank where they can pay the rights of citizens directly to depositors by the central bank and a government banks Kalravedan for example, that such action increases the citizen's confidence in state institutions and feels right that the state is working for him and his interests.
This is the tip of the iceberg of the proposals that I've found have been taken out, I was ready to dwell in this direction service to our country and our service to honest citizens.
tlm724: Thank you BondLady, this has been an on-going conversation between Mohammed Allawi and Ali Mohsen Ismail. It began with an open letter to Prime Minister Dr. Haidar al-Abbadi on Thursday 17-03-2016.
Then the Governor of the Central Bank directed a message to Mohammed Allawi on Thursday 24-03-2016 and on March 25th Allawi responded back about the central bank auction. It is a very interesting game of chess and anyone invested should read it. Here is the link to the other correspondence :