Frank26: This is Imperative Empirical Thinking that our FAMILY MUST NOT IGNORE !!!
Demand i do not but Beg i do that we post on this topic of importance.
My Aloha \m/ KTFA Frank
CSHessman: FRANKIE!!! This one has to be framed! Can you say international????
Frank26: Yup ........... In 4 different languages .....lol
Bucking Horse » February 23, 2016 Iraqi money-exchange association formed
Baghdad/ Iraq TradeLink: The Iraqi money exchange association was formed in the capital, Baghdad.
It is expected that the new association will organize training workshops for money exchange offices, banks and money transfer facilities in coordination with the Central Bank of Iraq.
No other details were given.
Posted in: Baghdad,Economy
http://www.iraqtradelinknews.com/2016/0 ... ormed.html
BACKDOC: ACTIONS MEAN THINGS! YES FRANK!
THIS IS WHAT IMPLEMENTATION LOOKS LIKE ONE MAJOR MOVE AT A TIME!
SOON IT WILL BE IRAQS TURN! HEE HEE
GREAT JOB GENTLEMEN! DOC IMO
Frank26: yes ..... Yes ....... YEs ........... YES YES YES !!! !!! !!! KTFA Frank
Pappa-J: WHY would they need a money exchange association for? Unless they were training to exchange the program rate currency for internationally recognized currency - maybe sometime soon? Just a though imo.
LET ME KICK THIS OFF FRANKIE ! IMO
FOR AS LONG AS THERE HAS BEEN RECORDED HISTORY OF THIS REGION MONEY CHANGERS- BLACK MARKET --- HAS OPERATED, IT IS A WAY OF LIFE THE PEOPLE BY CUSTOM AND FORCE OF NEED HAVE OPERATED IN THIS SYSTEM ,
THEY WOULD RATHER BE CHARGED A HIGHER PRICE AND KEEP MOST OF THEIR MONEY THAN HAVE ALL OF IT STOLEN BY CORRUPT BANKERS ERGO THE PROBLEM THAT THE CBI IS ENCOUNTERING CURRENTLY---
THE PEOPLE DON'T TRUST THE BANKS---- DO YOU BLAME THEM BASED ON THE CURRENT SHAKE UP IN THE CBI FOR THIEVERY???? I CERTAINLY DO NOT!!!!!!
I SUGGESTED A LONG TIME BACK THAT THE AUTHORITIES BREAK THE POWER OF THE BLACK MARKET CURRENCY DEALERS BY REGULATING THEM -----LAWS -LAWS- LAWS!!!!!!
THEN ENFORCE THOSE LAWS ON DEALERS THAT DID NOT COMPLY!!! EVEN WITH THESE MEASURES THERE IS NO REGULATED CONTROLS ,TO MANY LOOP HOLES NOT ENOUGH EYES ON BAD PLAYERS.
THERE IS NO WAY FOR THE CBI/GOI TO GAIN PROPER REGULATORY CONTROLS ON THE NOTE COUNT ,WHICH ALLOWS MONEY SMUGGLING/ LAUNDERING AS WE HAVE SEEN THROUGH THE ACTION OF M AND HIS GOONS!!!!
WHAT ARE WE WATCHING RIGHT NOW--- A SHAKE UP IN THE CBI ITSELF ---WHY???? THEY WERE DOING THE SAME THING!!!!!!!!!!!!!
THIS IS A CULTURAL / HISTORIC ISSUE FOR IRAQ, FOR THAT MATTER THE ENTIRE MIDDLE-EAST!
THEY NEED THE MONEY EXCHANGE ASSOCIATION FOR ALL OF THE ABOVE REASONS!!!!
IRAQ GOI/CBI IS GOING TO HAVE TO EARN IT'S WAY OUT OF THIS HOLE!!!!!!!
- LAWS ENFORCED WITH SEVERE PENALTIES ,INCLUDING CAPITAL PUNISHMENT
- SET THE DIRECTION OF THE MONEY POLICIES FROM TOP TO BOTTOM AND EDUCATE THE PEOPLE TO WHAT THE DIRECTION IS!
- ENFORCE THESE POLICES WITHOUT EXCEPTION TO POLITICAL OR SOCIAL STANDING!!
KICK IT OFF WITH MAKING EXAMPLES !!!
YES M ,MAYBE BARZANI, THE CBI THEIVES AND THE MINISTERS THAT HAVE STOLEN!
THE PEOPLE WILL NOT FOLLOW UNLESS THEY HAVE SOMEONE LEADING HOPE A. IS UP TO THE TASK!! PJ
Aggiedad77: Good Morning Pappa-J
This is a subject that I have long kept mostly quiet about, but thanks to your great points being made here I feel compelled to let go of some baggage that maybe needs to be shared.
I appreciate your thought process and agree with you completely that this is a deep well that Iraq and their banking system find themselves entrenched in....it is high time they make the camel do some work.....as those who pitch the dirt into the well in attempts to cover up the ill-gotten goods trail....
The banks need to use the camel to shake the dirt and spoil from it's back and tamp it down so they are able to rise to the occasion so to speak.....systematically lifting themselves out of the hole that has been made.
In my strongest opinion it is high time they quit making deals with thieves and thugs....those known to be dishonest.....it is time they surround themselves with the best of the best....the cream of their crop.....the ones that Abadi truly knows to be above accepting the bribes....
They have to have such leaders....these types need to lead by example and put the instruments and institutions into play that will show the citizens change can be a good thing and change can be trusted.....will it be an easy path....heck no....
Will it happen in the snap of a finger....heck no.....but they need to begin all things by showing they mean serious business.....bring these criminals....the worst players....bring them to justice....
Try their cases in an expedient fashion and provide their sentence, then see that it is carried out.....whatever is decided....carry it through and show that you mean business....if you don't then nothing changes....and you essentially are as guilty of wrong-doing as they are.
Stop cutting deals with the devil.....it gets you no where except further into his pocket.....rise above the garbage and do what will make your citizens proud....do what will earn your country the respect from the rest of the world....
You have to do this if you expect to be a world leader....you can't continue to drag your cheeks in the dirt that has existed for thousands of years.....change has to happen....recognize your shortcomings and limitations and do something about them to improve who and what you are.
If you do what you've always done....you will get what you've always had.......CHANGE needs to be the focus!!!
Sorry will now step off my box.....Aloha Randy
Prudence12: Well, despite the acute GCR frenzy all over the net, Iraq posted their exchange rates for today 2-24-16 rather early.
Please take a look at them. You will notice that although the customary rates were given for the USD, Euro, Pound, Yen and SDR, absolutely NO VALUE was given for the currencies of: Australia, Canada, Switzerland, Sweden, Norway or Denmark.
Wow!! Six currencies, and no interest on Iraq's part to make a market.
What does this tell us????
We first check the HOLIDAYS. There are no holidays in these 6 countries tomorrow. Open for business as usual.
Therefore, IMO, it appears as if the CBI is meticulously ALIGNING its foreign reserves and has decided it will sit tight with the amounts of these 6 currencies that it has, at least for the next business day. Iraq has apparently determined that it does not need to buy more or sell any of these 6. If you follow this daily, as I do, you will find that this is an EXTREMELY RARE ACTION.
However, Iraq will realign the other 4 currencies. Open for business on those heavy hitters.
This, IMO, indicates a strict evaluation of FOREIGN CURRENCY RESERVES and the entire process of getting one's house in order - IN PREPARATION.
Aggiedad77: Good Morning Prudence12
Wonderful observations and it is warming to know you study this so keenly each day
I like your choice of words "EXTREMELY RATE ACTION" that certainly gets your attention
A narrowing of the reserves....patterns we seek indeed
Shall we tidy up the house a bit says the parents....we have guests coming soon