Post From Dinar Updates 3-03-16
Chat Room Excerpts & Highlights
Dinar Updates Thursday AM Chat 3-03-16 Part 2 of 2
Society says():Sadr has certainly mobilized the masses and seems to be keeping the pressure on......Back on 2/13, he gave the government 45 days.......It would seem they are planning to enter the Green Zone on 4/1 if reforms are not complete
rcookie says():Barzani's family accused the disappearance of 130 billion dollars and imports from the region (Details)
03-03-2016 04:15 PM The chairman of the Kurdistan Regional Parliament Yusuf Mohammed Sadiq, Thursday, for the disappearance of $ 130 billion of imports of the province during the last ten years, blaming the ruling Barzani family responsibility for it.
He warned Sadiq, a leader of the Movement for Change 'Curran', in a press statement, the seriousness of the current situation in the region, stressing that he is at a crossroads because of the difficult political and economic situation and the rising popular movement '.
He noted 'lack of transparency in how to spend and imports of the province on the people because of the lack of laws for the budget or final accounts for the previous budgets, so no one knows how to make these imports and the method of its spending.
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sndbarrier says():Hi everyone, I'm completely new to all this and I'm finding it all pretty overwhelming. I have a question and I figured it be easiest to ask here. I was talking to my bank and they said I can order in VND for tomorrow. I was thinking about getting about $500 CAD worth.
Is that basically all I need to do to get into this investment and would that amount of currency bring a good return. Also, when the RV happens, how do I go about converting back to Canadian Dollars? Have they identified the Canadian bank(s) that will be part of the RV?
clay says to sndbarrier():some TD banks will be able to do that
subgirl says to sndbarrier():Not sure about Canada...
mudder says to sndbarrier():What proof do you have the VND is going to RV????
sndbarrier says():I don't really i just heard it in different spots
Society says():Everything seems to point that March could be a great month for us...
clay says to Society():we can only hope
sndbarrier says():Yosef said it would convert $5 - 12 in a call
sndbarrier says():like i said, im completely new... I really know nothing
clay says to sndbarrier():the dong?
mudder says to sndbarrier():Do your research.... Be careful who you listen to....
sndbarrier says():haha... ya thats the prob, it's all very overwhelming
rcookie says():Sadiq described the prevention of the Kurdistan Regional Government entry into Arbil , the seat of the regional parliament and prevented him from carrying out his duties, as a 'coup against legitimacy' because the use of force to prevent the legitimate institutions from practicing their work is considered a coup by the political bureau of the Kurdistan Democratic Party (KDP) , according to political concepts.
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rcookie says to Society():SADR'S PRESSURE IS INTENSE AND RELENTLESS.......
subgirl says to rcookie():can't believe i am saying this but goooo Sadr lol
clay says to sndbarrier():I believe dong will go to 3 cents
clay says to sndbarrier():a great return
clay says to sndbarrier():when? Who knows just like the dinar
mudder says to sndbarrier():And spend only what you can afford....
clay says to sndbarrier():but both will revalue
clay says to mudder():exactly....dont be like me (lol)
mudder says to clay():Not anytime soon....lol
Society says to rcookie():I agree......I think the means business this time......If I were a politician, I would be fearful if the long awaited reforms are not complete by 3/29
FoolMeOnce says to sndbarrier():I would advise you to take Yosef with a huge grain of salt. JMO
clay says to Society():Sadr is one scarey guy
clay says to FoolMeOnce():hey there
sndbarrier says():when people talk about appointments what do they mean? Is it that after RV I would call up TD bank and say I have some VND to exchange?
Society says():Another news worthy item this morning.......The Secretary General of the UNITED NATIONS meeting with Maliki
Society says():So many "gurus" have used Maliki as their scapegoat.......I have said many times, MALIKI IS NOT GOING ANYWHERE
sndbarrier says):So Clay, when you say 3 cents... you mean 1 VND = 0.03 USD?
rcookie says():MALIKI HAD MEETINGS THIS WEEK WITH EU AND US OFFICIALS FOR 1ST TIME SINCE BEING REMOVED FROM OFFICE.....
doing90 says to subgirl():please
clay says to FoolMeOnce():wish I knew just got to work
Dinar Investor says to Society():I think he is gone when amnesty law is passed jmo he is scum and needs to go
clay says to FoolMeOnce():wish I knew just got into work
Society says to rcookie():He endorsed Abadi to pick a cabinet outside sectarian lines.......HUGE!!!
clay says to sndbarrier():yes or 1 mil = $30,000 usd
Society says to Dinar Investor():Time will tell......IMO, he will only be gone when he wants to go and will never be "prosecuted"
clay says to sndbarrier():lots of people here can always help ya
Society says to Dinar Investor():He was doing the bidding of the "PTB"........His son is a different story
Dinar Investor says to Society():I don't think so. They are just letting him play ball right now to keep things running smooth. They have alot of dirt on him. JMO a politcal move like chess
Dinar Investor says to Society():again just my opinion take it with a grain of salt
Society says to Dinar Investor():Time will tell.......
Society says to Dinar Investor():He is still extremely involved and when top world officials are meeting with him in an official capacity, this says a lot
Dinar Investor says():True but if he had is own way you know he would still be doing corrupt things like stealing and putting out assasinations
rcookie says to Society():WORLD OFFICIALS ARE NOT MEETING WITH MALIKI IN ANY OFFICIAL OR STATE CAPACITY....
rcookie says to Society():OFFICIALS ARE TAKING HIM TO THE WOODSHED IN REGARD TO OBSTRUCTIONIST BEHAVIOR AND ACTIONS...
Society says to rcookie():Agree as to State.........President of State of Law
rcookie says to Society():NO...PERIOD
rcookie says to Society():HE IS MEETING WITH NO ONE IN STATE CAPACITY...
Society says to rcookie(): That may be true........but him affirming support for Abadi's cabinet reforms is HUGE IMO
Dinar Investor says to Society():Its just words coming from Maliki nothing more nothing less. We all know this guys past. He never does anything he says.
rcookie says to Society():PUBLIC POSTURING...BUT AGREED....AND CONVENIENT THAT STATEMENTS CAME AFTER HIS MEETINGS WITH US & E OFFICIALS...
rcookie says to Society():Meanwhile, other sources indicate prospective meeting between the US ambassador in Baghdad, Stuart Jones, a former prime minister, Nuri al-Maliki, this week, it will be the first since he was ousted from his post the end of 2014, US pressure.
The sources confirm that the meeting is scheduled to address the current problems that have increased after the lifting of the religious authority, Ali al-Sistani hand of the political file and his refusal to meet with the leaders of the alliance.
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rcookie says():AUCTIONS DOWN TO 86 MILLION......
Society says to rcookie():Making sure all players are on the same page
subgirl says to rcookie():now that is low!
Dinar Investor says():Waiting for auctions down to 0 lol
Society says to rcookie():Iran no longer needs to get USD from Irag auctions
jtank says():Rcookie , what does the lowering of the auctions mean?
Dinar Investor says():They wouldn't need the auctions if the people trusted in the banks internal borrowing
sndbarrier says():Thanks Meginhim
rcookie says():THE GRADUAL ELIMINATION OF MCP'S....
Dinar Investor says to rcookie():Hey Rcookie, I need a refresher forgot what MCP stands for. I'm sure others forgot as well.
clay01 says():Multi Currency Practice
jtank says():i think that within the last 30-60 days they have come down 100mil w the auctions
rcookie says():THERE IS PRECEDENT OF AUCTIONS GRADUALLY DECLINING AND STOPPING...AS WELL AS SUDDEN HALT...
wmawhite says():Not so. they need the auctions because as of today Iraqi businesses are unable to conduct international commerce with the IQD. The auctions are a means of putting the IQD into the economy so that Iraq can conduct business outside of Iraq.
rcookie says():ITAQI INTERIOR MINISTER PULLED OUT OF ARAB MEETING OF INTERIOR MINISTERS ON HEZBOLLAH....
FoolMeOnce says():So really they can't get rid of the auctions untio they have a rate?
wmawhite says to FoolMeOnce():No...........they could need the auctions after they can tell the world that they are compliant with IMF Article 8.............but at 1182 Iraq would be at a huge disadvantage.
wmawhite says to FoolMeOnce():end....not need
FoolMeOnce says():ok thanks
Society says to wmawhite()Although the market rate has increased, it hasn't increased as before when they tried to limit auctions........1245 today
rcookie says():BASRA RECEIVING 50% OF PORT REVENUES FRO CUSTOMS TARIFFS AS WELL AS PROVINCIAL OIL REVENUE SHARE....
SO..2010 CUSTOMS TARIFFS FULLY APPLIED & FUNCTIONING....BUDGET FULLY EXECUTING...TRANSFER OF POWERS ONGOING WITH DISBURSEMENT....
wmawhite says to Society():IMO.........I do not believe we understand exactly now the spread is calucated..because in the technical Letter of Agreement the IMF stated that for up to November 2015 the CBI had held the spread to less than 2.1$......................
but, certain gurus were telling us that it was much higher. Obviously, the IMF has a different means of calcuating it and what we continue to worry about is unnecessary.
jtank says():rcookie wow, lightning speed--about time
rcookie says():29 COALITION AIR STRIKES IN IRAQ & SYRIA....
wmawhite says to Society():2.1% not 2.1$
_firefly_ says():and what we continue to worry about is unnecessary.
Society says to wmawhite():Great point.........If they needed to hold it within a certain % for a period, I thik the IMF report delineates this requirement has already been met
Society says to wmawhite():I was just pointing out that not only are the auctions down, the demand for USD is down also
Society says to wmawhite():I believe it is related to Iran
wmawhite says():The letter of agreement told us exactly what is going on..........and yet, gurus will tell the IMF."no, you don't mean that"....."no, you can not do that"............I continue to put my time into what the IMF said about Iraq.
Society says to wmawhite():This is also "evidence" of the corruption that did exist within the auctions and the allegations of "money" being smuggled out of country(to Iran)
dale says():Wmawhite : I'll go with the IMF too ..... Lol.
Society says to wmawhite():Agree on IMF.......who clearly stated Iraq is moving to accept Article 8 obligations.......ultimately, this is what we want........they said first step is to be accomplished by the end of February......not the final step......we are onn track for the "first half of 2016"
Society says to wmawhite():I just think Sadr will force it to happen in March.....PRESSURE
Society says to wmawhite():The last thing anyone would want is for the country to come apart at the seams and everything start over
clay says to faith1():hi good to see ya thanks :)
wmawhite says():Sadr is an Iraqi Donald Trump.........
wmawhite says():instead of Sadr Tower...he has Sadr City...........
rcookie says():THE 1ST STEP WAS THE AMENDING AND PASSING OF THE INVESTMENT LAW BY END OF FE 2016...
TO REMOVE LIMITATION ON TRANSFER OF INVESTMENT PROCEEDS THAT GIVES RISE TO AN EXCHANGE RESTRICTION AS RECOMMENDED BY TECHNICAL ASSISTANCE MISSION OF IMF....
Loopback says to subgirl():It's coming along nicely. I'll hang the doors this weekend and hopefully finish up painting.
subgirl says to Loopback():oh wow! you are making great progress! :) keep up the great work!
rcookie says():Expose the excesses and irregularities in a branch of the Rasheed Bank
03/03/2016 (Independent) .. Office of the Inspector General of the Ministry of Finance revealed that one of the staff of banking companies that have financial dealings with one of the branches of Rasheed Bank to waive the regulatory agencies personnel while performing job duties assigned to them.
The office said in a statement in the light of the information contained has been formed to investigate and move on to the branch team, showing through the works of investigation and having represented irregularities staff to enter banking companies within allocated to staff the branch halls and what constitutes a violation of the assets and instructions.
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rcookie says():And the face of the office to conduct the administrative investigation against abusers and violators, with a review of the current branch management, taking into account career recycling for employees, in addition to instruct the unit protection to strengthen the protection of the branch. (End) received_
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subgirl says to rcookie(): very good, there is mention of the Rasheed Bank :)  rcookie: Expose the excesses and irregularities in a branch of the Rasheed Bank 03/03/2016