If you look at your notes from our CC's.......on the 11th we told you that the CBI is trying to tell you something. Then on the 12th we had an emergency CC to introduce the CBI's OMO. They said this would be activated on the 16th and it was .
Then on the 17th the CBI gave us what they called a road map to this process. Since then Turki has made many attempts to reiterate this plan.
Today you saw some amazing articles from the CBI once again explaining in great detail how they are achieving their goal of increasing the value of the IQD. Once again......the CBI is trying to tell you something Family......because it is futile for them to deny it any longer.
In the last two weeks of this month of Feb. we have found many forms of communication from the CBI to further add validity to their claims. WALKINGSTICK is about to post a video in Arabic that you should translate and take note on a key issue.
Read More Link on Right
There is a lady in this video that is interviewing an expert in the financial industry. The video is about 50 minutes long but the first 24 minutes is what I want you to study.
You will notice that this woman asking questions about the CBI's road map is totally lost. First of all she is not asking the correct questions on the monetary reform because she is not a student of it. The gentleman tries to support the CBI's monetary reform and explain the road map that was released on the 16th. Unfortunately.......some of us refuse to be students and express ourselves with limitations.
Such is this lady because she is missing the truth of what the CBI is doing with their currency. If she knew what she was talking about she would not be like so many that are trying to find fault or lies in the CBI. She asked........why is the CBI doing this? Seriously?
She asked......why are the banks in Iraq being requested to deposit their currency at the three CBI's? Then she even asked why aren't all the banks doing this? Ignorance means lack of knowledge.
These are ignorant questions and they need to stop being asked. Instead we should pay attention only to the CBI........because they are desperately trying to tell you their currency is about to go up in value.
The gentleman is trying to explain to the lady what the CBI is doing is a good thing. That 95% dependent on oil is okay. When DELTA called me with this translation he said …......this is good Frankie because it's just a reproduction of our CC's.
The two articles that came out from the CBI today are literally screaming the monetary reform. Two in one day?
As we cram for final exams soon the news will die. They will TKO the news media soon IMO. Yes.........it is good that the CBI is talking a lot more than normal right now. Just as we calculated. They will continue to talk.......may we continue to listen.
Thank you DELTA for your time and efforts today.
Thank you WALKINGSTICK for holding the video until now.
AGGIEDAD......DELTA said what you wanted interpreted was simply a “Tender for CBI cars”.
Of the eight issues I discussed with my Teams on KTFA PREMIUM last night.......two were shown today in articles. What the king of Saudi Arabia did to his intelligence officer and the CBI's road map numbers. We will discuss all eight plus three more on Monday's CC.
Finally.........Brazani …......I love the pressure you are putting on the GOI and how you are doing it. Embarrassment is good to force more good from the GOI. First you tell the businessmen of your region ….......yes we will take your donations to run our government.
Then today you strategically tell the World Bank that is presiding over the meetings in Baghdad that the CBI has not sent you any money to pay your bills and you ask the WB to lend you money. Oh snap!!! Brilliant.
A short Blue Post but laser beamed to the point of your notes.
My Christian love and Aloha.
walkingstick » February 21st, 2014, 9:08 pm •
POSTED, UNDER... THE FOLLOWING, INTRO.... HEADING
The power of money…Measures pay landing value of the Iraqi dinar
- FEBRUARY 19, 2014
walkingstick » February 21st, 2014, 9:10 pm •
SMALL COMPILATION BROUGHT FORWARD:
02.22.2014 (0:01 pm) -
Experts: Delete the zeros from the dinar increases its strength against the dollar and easy to draw a price policy
BAGHDAD / Nihad Kazim
He said experts and specialists in regard the country's financial The implementation of the project to delete the zeros from the Iraqi dinar will increase the strength against the U.S. dollar, in addition to facilitating the drawing political price in the country, as demanded a parliamentary committee by clicking on the government, "which disrupted the project" to force it to be implemented through texts Constitutional which allows the printing of a new currency, pointing out that the country's exit from Chapter VII, and to achieve the balance of Iraq's 76 billion dollars in international banks catalysts to delete the zeros.
The decision of the Commission on Economy and Investment parliamentary Mahma Khalil said in an interview with the "long" The parking Government against activating the decision to delete three zeros from the Iraqi currency under the pretext of fear of counterfeit currency is not justified, especially as the regional climate is ripe after the withdrawal of Iraq from Chapter VII and raced companies Global investment to invest in Iraq.
He added that there is a legitimate action as a means of pressure on a government to force it to retreat from its position, including recourse to the constitutional provisions that allow the printing of a new currency and to address the weakness of the Iraqi dinar against the U.S. dollar as a necessity of economic urgency after that had a balance of Iraq's sovereign global banks 76 billion dollars.
For his part, said economic expert Majid picture "long" The Central Bank of Iraq in agreement with the Ministry of Finance presented the studies necessary for the process of deletion of zeros since 2008 and has taken all actions relating to the restructuring of the Iraqi currency, including the design of the currency and denominations and the quality of paper used her, who confirmed that from the finest stainless paper cash or difficulty falsified.
He added that the executive branch has decided to postpone the process of restructuring of the Iraqi currency, which led to the cessation of all actions related to this project, explaining that the aim of the restructuring process is to reduce the cost of handling and facilitate transactions handled, especially medium and large as well as to facilitate the draw price policy in the country.
He stressed the need to accompany the process a package of measures distributed responsibility on all departments and state institutions and banks in order to develop solutions to the problems and obstacles that can arise during the process of restructuring, including cash, and accounting, and security as well as take the necessary measures to destroy the currency received canceled.
He pointed out that the experience of Iraq to replace the currency in 2003 was very rich, but did not exceed only change the shape of the currency and replace it, so you do not need accounting requirements or legal, calling for the need to educate departments, banks and citizens feasibility of restructuring the currency as well as the use of modern technologies to detect fraud, also called to the non-interference of politicians and subjecting such decisions to Mazidat and political skirmishes, because that is not in the interest of monetary policy and the Iraqi economy.
Meanwhile, a financial expert, Thamer Alheimus "long" that highlighted the benefits of the deletion of zeros is to create flexibility and ease of trading, and gave the example that in the case of activation of the decision will be coin values of small Kkhmsin fils or less, and under that will highlight the prices between the fourth dinars and half dinars or less, and thus would be unlikely in a large increase in the value of the Iraqi dinar against the U.S. dollar in the case of Sir prudent monetary policy according to which it will contribute to the improvement of household incomes and low-income social strata. LINK
Frank26: KTFA FAMILY............The CBI is trying to talk to You.
WALKINGSTICK SIR ............ Please release the video You sent me when I post.
Family .......... You will need to translate it OR .............. Read my post. The KEY is WHY is the CBI TALKING SO MUCH? Look at Your notes from last week ........... We said ......... The CBI is about to talk. Article after article is NOW saying the same thing............ The IQD has been positioned to go up in value ......... Now.
This is not fiction .......... Nor should it bring us friction.
In God's Speed............. Amen.
The use of gold in central bank
D. Falah Hassan Thuwaini
due historians and economists history of the discovery of gold as a metal to 4000 years BC or more, to the year 2000 BC as the date to use the cash for gold, as has been noted in the Code of Hammurabi (1792-1750 BC) in several articles, including Article 112 to use Gold which states that reads ((If a man linked to a commercial flight and gave the silver or gold or precious stones ... and deposited transported If this guy did not deliver what shall then be transferred ... to the man to pay for the owner of the funds to be transferred five times as much as him him)).
And that the first gold coin was minted due to the year 700 BC. In 1816, England was one of the first countries that have adopted the use of the base of gold coins as a basis for monetary system based where then until World War II, as the countries that have followed this mechanism then to stop striking gold coins and withdrawn from circulation and converted into the coffers of the central banks in order to assigning and supporting its reserves, has emerged then another mechanism for the use of gold, a base gold bullion that was used in the second decade of the twentieth century by England, France and America,
which were conditions important is the freedom of movement of gold, which provides a free market for gold and also the central banks sell and buy gold in unlimited quantities, in accordance with the price set, followed thereafter adopt a rule transfers the gold and the emergence of the IMF's role in the management of the international monetary system after the year 1944 where it was decided to use gold to pay 25 percent of the membership dues of principle.
arrived emphasize the importance of gold cash Referring Ricardo (1772 - 1823) one of the pioneers of the theory of traditional monetary that money circulating in the light of the gold standard are affected, including the Central Bank of gold, and confirms that the monetary issuance shall be subject to metal cover 100 percent, and that keeps the central bank with gold equal to the money Exporting to avoid excessive version and also indicates that the factors affecting the balance of gold related to the size of the annual production of gold.
generally contributed to the use of gold as money and cash reserves to maintain the stability of currency values at the local level (the stability of the general level of prices) and on the external level (currency exchange rate domestic against foreign currencies) and correct the imbalance in the balance of payments automatically, because each country's currency linked to the weight of a certain gold and then having a steady relationship between the various currencies because the evaluation criterion is consistent and stable, which is gold, but due to the changing conditions of the global economy and the multiplicity of variables political, economic and demographic became amounts of gold available in nature is able to neutralize or dam the amount of the required parameters,
so it turned monetary systems global monetary base paper mandatory, but nevertheless remained the gold is a great importance in cash reserves in the monetary systems of many countries in the world even after the announcement of former U.S. President Nixon in 1971 to stop converting the dollar into gold.
has worked many of the world's central banks are currently on the re-formation of the components of their portfolios of reserves by increasing the relative importance of the origin of the traditional, a gold compared with other foreign currencies convertible to the nature of the gold from the relative stability , at the time when the change in the value of the currency exchange rates is the adjective highlights.
in Iraq amounted to the monetary value of gold to the Central Bank of Iraq in 1955, the equivalent of 3 million Iraqi dinars constitute a relative importance of 2.4 percent of the total foreign reserves, after the exit from Iraq Sterling area in 1959, this value rose to 30.7 million dinars at a rate of 23.9 percent, and increased to 59.6 million dinars at a rate of 27.6 percent in 1971. At the end of the year 2012 amounted to gold reserves amounted to $ 1860236 million dinars distributed among the treasury CBI 268.638 million dinars, and the Bank of International Settlements by 1591598 million dinars.
has issued Central Bank of Iraq and as part of the mechanisms of monetary policy, issued a press release in January 2014 in which he announced for his basic gold bullion ranging weights between the weight (5 grams) and kilogram (1000 grams) in order to diversify the means of saving among the public and allow large quantities of pure gold, and reliable sources of traders in gold, investors are selling Iraqi dinars.
One advantage of adopting this mechanism for the monetary authority is the possibility of the use of these gold bullion reserves guaranteed and limited change in the value of deposits with foreign banks, compared with the changes that occur in the exchange rates of other foreign currencies, as well as being a strong indicator assigns the value of the Iraqi dinar in the international and domestic market and to the possibility of monetizing gold and convert it into monetary units in local currency or other foreign currencies easily, and also could be speculative limited a reason to be a focus on the use of gold bullion with weights bulk of any near 1000 grams for the non-use of speculators and as gold prices are relatively stable, the retail operations alloys or re- Tsenaiha any other use deliver them the cost of which is difficult to speculation in or upon and then be prevention requirements and hedging is an attribute most present any common property saving more than the phenomenon of circulation among the public, and also limited quantities of gold any unavailability of the amount or quantity as is the case with various foreign currency as well as the difficulty of warping, which creates an incentive for workers or investors in gold.
and required control and supervision by the Central Bank of Iraq and the responsible parties other related to the prospects for the smuggling of gold, which is imported by the central bank and sell it through the banking system to the beneficiaries.
But remains the central bank and its monetary policy is facing challenges as long as the work without attribution of the real sector, whatever the tools and methods used will remain an urgent need and urgency to the real sector by reducing the cash conversion cycle Leech abroad (import non-product), especially in light of availability of human and material resources in our country . * Faculty of Management and Economics University of Mustansiriya
Training team accession negotiations to the WTO
Baghdad, Ahmed Abed Rabbo
, the Ministry of Commerce to hold a workshop in Geneva mid-March next team training Iraqi negotiator regarding accession to the World Trade Organization, and as explained that the entry of the organization requires the establishment of a large industrial base in the country, indicated that he will create an atmosphere of competition between local goods and imported limits the flow of shoddy goods to Iraqi markets. said Director of the Department of Foreign Economic Relations at the Ministry Hashim Mohammed Hatem (morning),
that the ministry is working in collaboration with the U.S. mission to hold a workshop mid-March next team training Iraqi negotiator regarding accession to the World Trade Organization near the headquarters of Organization in Geneva, and that for the procedures relating to access and prepare to fight the negotiation rounds the next, explaining that joining calls for the preparation of files that contain special offers to members of the organization's 159 countries to study it thoroughly and comments on them, and after conducting all the rounds of negotiations required enters WTO accession into effect.
He added, that the entry of the organization requires activation of the industrial base in the country, because the state governing the newly often suffer its local industry of intense competition, the fact that markets are wide open in front of goods flowing from the OECD countries, noting at the same time, the absence of concerns because the join requires the activation of customs tariff, in addition to Iraq over the previous experience of open markets and trade liberalization in the era of the civil administrator Bremer, noting that membership will enable Iraq to provide a lawsuit with the World Trade Organization against countries that export to its markets inferior goods to prevent the entry of the country.
Iraq has Apply to join as an observer in the World Trade Organization in 2004 and got the approval of the General Council to accept the demand, and the impact that formed the Supreme National Committee, headed by the Minister of Commerce and membership of representatives of the ministries and departments relevant WTO Agreements who are the rank of director general or above.
Founded Trade Organization World in 1995, and is one of the smallest global organizations where she lived successor to the General Agreement on Tariffs and Trade (GATT), which was established in the wake of World War II.