RCookie : I WAS READING SOME COMMENTS ABOUT THE WARKA BANK ANNOUNCEMENT...SOME THINKING THE INTERNATIONAL CURRENCY MEANT RATES.
Q: [well it is an international bank.]
RCookie : IT IS...BUT 1 OF THE LARGEST PRIVATE BANKS IN IRAQ...THAT WAS PUT UNDER "GUARDIANSHIP STATUS" IN 2013 TO SUPERVISE THEIR INSOLVENCY...
AFTER REHABILITATION & RESTRUCTURING...THAT GUARDIANSHIP WAS LIFTED THE OTHER DAY..ALLOWING THEM TO RE-ENGAGE IN BANKING ACTIVITIES INCLUDING THE AUCTIONS...
AND VERY IMPORTANT IN REGARD TO THE MASSIVE BANKING SECTOR SHAKE UP GOING ON AS WE SPEAK...WITH THE PRIVATIZATION OF THE 2 BIG STATE BANKS.
Q: [when do you think these auctions will stop?]
RCookie : WHEN THE CBI & IMF FEEL THEY HAVE THE DIRE LIQUIDITY CRISIS WE READ ABOUT EVERY DAY IN A TENABLE STATE FOR THE NEXT STEP...THEY NEED CURRENCY...
THE NEXT STEP WILL BE SOPPING UP THE USD FROM THE MARKET AS THEY TRANSITION FROM MCP...AND RETAILERS USE IQD FOR PURCHASE TRANSACTION PROCESS...
Q: [I thought they were trying to dry up the dollar already?]
RCookie : THEY ARE..BUT...LIQUIDITY IS DIRE.
firefly The HCL is NOT a requirement for any currency shift. When the border tariffs are activated I'm pretty darn sure we will see what we have been waiting for!
BODI: MY PREDICITION IS FOR SURE THIS WEEK....BEFORE THE CHINESE NEWYEAR....BUT WE HAVE TO STAND FIRM IN FAITH AND ALLOW THINGS TO HAPPEN...I DON'T THINK THE WORLD CAN WITHSTAND WHAT IS HAPPENING MUCH LONGER
IT IS MY UNDERSTANDING THAT THE BANKS ARE FUNDED FOR THE RV NOW...JUST WAITING ON THE GREEN LIGHT
Appaloosa: Now this is an interesting article for dang sure considering what we've been discussing here - hope the url works, if not it's located at MSNBC.
Artneto:Not intel, but I went to Chase on Saturday. I have banked at thus branch for 2 years, same employees. Saturday there were 3 new people, including a new manager. Could mean nothing, but interesting that people all over nation have same story
Tom66: The End Of Plan A: The Big Reset & $8000 Gold
SassyD: Bank of Iraq for the first trade electronically in Iraq -- February 1, 2016 -- https://translate.google.com/translate?hl=en&sl=ar&tl=en&u=http%3A%2F%2Fiqtesaduna.com&sandbox=1
SassyD: Global Bond Yields Extend Collapse As German, Japanese Hit New Record Lows -- 02/01/2016 -- http://www.zerohedge.com/news/2016-02-01/global-bond-yields-extend-collapse-german-japanese-hit-new-record-lows
SassyD: China in $18bn Iraq Pipeline Deal -- February 1, 2016 --
Emailed to Recaps:
China Arrests Ezubo Executives in $7.6 Billion P2P Fraud Case
Chinese authorities arrested 21 executives of Internet finance platform Ezubo for allegedly defrauding investors of more than 50 billion yuan ($7.6 billion) and possessing weapons illegally, the official Xinhua News Agency reported.
Almost 95 percent of investment projects listed on Ezubo -- which means easy-to-lease -- don’t exist, Xinhua reported, citing the website’s owner Ding Ning, who was among those arrested. The company attracted money from about 900,000 people by offering high interest rates and ran a ponzi scheme to pay off some investors between July 2014 and last December.
The arrests follow a clampdown by China’s banking regulator in December, when it issued draft rules to govern the 2,612 online peer-to-peer lenders that had helped fuel a stock rally which swiftly turned to bust last summer. More than 1,000 of the so-called P2P firms are “problematic,” the China Banking Regulatory Commission said at the time, as it pledged to “cleanse the market.”
Frank26:Hmmm............. This is E-xciting ......... TY WS.
We had no knowledge of this.
So Much .......... So Fast.......... Good.
Removes counterfeiting and smuggling........... Good.
Walkingstick: The central bank called e-dinar project
Tomorrow Press / Baghdad: The Governor of the Central Bank on the Keywords, on Monday, on the bank's determination to launch the project e-dinar to facilitate the payment collection and the provision of economic service and facilitate the physical liquidity management.
Keywords and said in a workshop under the title of "electronic payment and collection system in Iraq," held by the Secretariat General of the Council of Ministers, attended by "tomorrow Press," that "there is an important goal in order to simplify transactions between state institutions and between the institutions and the citizens, through cash or instruments." Between, "The Central Bank of the necessary infrastructure for payment systems develop, for the application of electronic payment , in relation to the collection or adjustments to the different agencies and institutions of the state.
"He said the Keywords," The central bank will launch a project e-dinar soon as well as payment via mobile phone, which would reduce it from operating costs and cash handling when many of the risks as well as economic, regulatory and administrative damages and Services ".
He pointed out that" This project will organize work away from the bureaucracy and the risk of corruption and presented the money to the robbery and assault, "adding that" this system will expand the circle of banking deal to bring to bring traded accounts currency within the banking system and reflected on various economic aspects. "
Walkingstick: Workshop payment systems and electronic collection begin its work in Iraq in Baghdad
01/02/2016 - 14:23
Under the auspices of the Prime Minister Acanutorahidralebadi began in Baghdad on Monday morning business workshop payment systems and electronic collection in Iraq with the participation of Iraqi private banks association.
And it opened the workshop, which was held under the slogan / methods of electronic payment starting point the financial Nhawwalhmol Governor of the Central Bank of Iraq on the Keywords.
Looking Participants in the workshop, which is also involving several companies, including the company's money, the universal use of electronic means of payment in order to achieve activation and to facilitate the collection of funds to supplement the financial budget of the country for the current year.
The Economic Committee of the House of Representatives filed earlier proposal to improve the collection of money and supplement the general budget by the electronic system to adopt, particularly in the areas of obtaining fees by Aldoairalkhaddmah and Doairaldharabh other government departments, which account for about 16% of the public Maronites.
Dnaari131: Pressure can burst a pipe, or pressure can make a diamond~ David Horry
Mr. Sistani nominate "Fayad," instead of Abadi for prime minister
Political landscape sectionViews: 3809Published on: Today
BAGHDAD / Hassan Shammari:
An informed, on Monday, a source from the supreme religious authority Ali al-Sistani approval to replace Prime Minister Haider al-Abadi, as pointed out that Mr. Sistani was nominated chief of the popular crowd Faleh al-Fayad instead.
The source, who works in the office of Mr. al-Sistani, in an interview with "Sky Press," that "Mr. al-Sistani met in the past few days a number of parliamentary delegations in secret, which demanded the replacement of the current prime minister Haider al-Abadi other character be able to lift the country out of economic and security problems ".
The source added, "The parliamentary delegations demanded Mr. Ali al-Sistani that is being chosen for the post-Abadi, one of the steps in all his support, noting that they" provided evidence-Abadi, the failure to manage the country's affairs. "
The source pointed out that "Mr. al-Sistani agreed to replace Abadi and the nomination of the chief of the popular crowd Faleh al-Fayad," asserting that "the last acceptable to all the political components Sunnis and Shia, in addition to Saudi Arabia and Iran."
It was placed political source revealed on Saturday, for a parliamentary effort to replace the prime minister Haider al-Abadi Authority President of the popular crowd Faleh al-Fayad and nicknamed "the godfather of al-Jaafari."
And put political leaders between now and then calls to change the prime minister Haider al-Abadi, accusing him of "weakness and failure in the management of the country", which he considered MPs and politicians, "a new scenario, to invest popular discontent and lack of contact with the reforms the true essence of the demands of the masses."
He was President Fuad Masum said earlier, that the replacement of Prime Minister Haider al-Abadi «difficult», he said in an interview with a limited number of heads of media institutions in Iraq, that the differences of the political blocs, especially the largest bloc (the National Alliance, the Shiite) began to reflect on other political blocs, it also greatly affected the performance of Prime Minister Haider al-Abadi
http://translate.google.com/translate?d ... %25A1.html
Derivations: Thanks for the post dnari131. I guess the question is, is this a shot across the bow, get things done or Abadi will get his walking papers. Time will tell.