Militia: Samson, this is a gem! (see article below) The UST and the CBI working together to stop corruption and implement together a process to monitor and halt the use of the Dollar, and put in use the Dinar.
It sounds like past tense, as in they stopped the use of the dollar ... At least for Daesh and from the sounds of it it goes far deeper now over the last year than the previous 13 years. The UST and CBI have "dramatically reduced the shipments of the dollar and re placed or are replacing with dinar (Lower Denoms) ".
IMO There would be no need at a program rate to do this. The IMF put out the 2016 -2020 plan. It is being implemented, clearly!
If this doesn't wake us up on an early Saturday morning I am not sure any coffee will!! Lol
Iraq has been endorsed by about 170 countries (white listed) and has no restrictions on the Dinar now. They are specifically telling us that the dinar is going to be used and not the dollar.
This IMO is proof that the MCPs ( Multi Currency Policies) are coming to an abrupt halt and for them to be ready by early 2017 appears to be on track for introducing the results and physical application of Iraq's Monetary Policy as in now.
The budget is being read today for the second time. Today is the 5th.
The IMF meeting is the 7th and our election is the 8th.
The article is a confirmation for that 7th meeting ahead of schedule while the right hand that waves over Mosul, while the left hand works behind the scenes on MP, it may very well be the flag planted in the center of Mosul freeing Iraq from Isis, being fully liberated and Re-Instated into the world economy with in country purchasing power, and global recognition with an international value for all to see and use. Fascinating!!
Samson: Washington is optimistic halt funding Daesh
05/11/2016 - 13:25
Confirmed chief financial officer at the US Embassy in Iraq, John Sullivan, that cooperation between Washington and Baghdad to stop the financing «Daesh» come a long way, and that the organization, which «reproduced style Mafia» is going through a financial crisis "undermined preparations for the battle of Mosul and Stnhia in its current form in the event of losing the city.
Sullivan said the international press conversation, said that «the first agreement of its kind between the Federal Reserve and the Treasury Department on the one hand, and the Central Bank of Iraq, on the other hand to monitor the dollar shipments and ensure the prevention of the arrival of these funds to illicit destinations, is successfully applied, a shift in this file points.
He added that «the bank to the Iraqi central leadership on the Keywords and through close cooperation with the US side blacklist to prevent funds from reaching the territory controlled by Daesh mode, and has more than 150 companies today.
Among the most important achievements of the Convention "dramatically reduce the dollar shipments to Iraq and replace dinar".
He said that since before the signing of the agreement «The militants Daesh deal in dollars, and this stopped today», adding that «the senior leadership of the organization arrested in dollars», spoke about the financial crisis afflicting «Daesh» and added that «normal armed salary fell more than 50 percent, as well as to their dealings Dinars prevents them from making international transactions ».He pointed out that Iraq «was one of the countries that buy the dollar for years and there are a radical change today».
Sullivan praised Iraq's efforts to reform the central bank, has «done during the year more than what has been achieved in the past 13 years». He added that Washington and Baghdad «will exchange intelligence, financial, security information required to stop for Daesh transfers.»
He added that the organization «was formerly dependent on oil prices and after the decline began trying to swap oil with goods or services». He revealed that the campaign against Mosul found a lot of cash cache
Don961: That US Embassy in Baghdad looks massive !!.... this currency and financial corruption had to be dealt with ... it sounds like all sides are very pleased with methods in place and with Iraq's fantastic progress in their reforms ... achieving more in 1 year than the previous 13 combined ..... These are some real exciting times !! ... in Reality ..... IMO
Frank26: YES !!! !!! !!!
Don961: The US embassy in Baghdad
Washington is optimistic to "stop funding" (Daesh) asserts: come a long way with Baghdad to stop him
Author: AR, HAA, HH
Editor: AR, HH 11/5/2016 10:42 Number ofViews: 395
Long-Presse / Baghdad
She USA, on Saturday, expressed optimism to cut off funding for the organization (Daesh), and stressed that cooperation between Washington and Baghdad have come a long way to stop it, as explained that the organization, which reproduced the style of the mafia is going through a financial crisis, she pointed out that the crisis has undermined preparations for the battle of Mosul.
Said chief financial officer at the US Embassy in Baghdad, John Sullivan, in a statement received (range Press) copy of it, that "the cooperation between Washington and Baghdad to stop financing (Daesh) went a long way," noting that "the organization which has been reproduced mafia-style passing financial crisis undermined preparations for the battle of Mosul and Stnhia in its current form in the event of losing the city. "
Sullivan added that "the first agreement of its kind between the Federal Reserve and the Treasury Department on the one hand and the Central Bank of Iraq, on the other hand to monitor the dollar shipments and ensure the prevention of the arrival of these funds to illicit destinations are successfully applied to a shift in this file point," he said, adding, "The Bank Central to the Iraqi leadership on the Keywords and through close cooperation with the US side blacklist to prevent funds from reaching the territory controlled by Daesh and has more than 150 companies, today's situation. "
He continued financial officer, said that "the most important achievements of the Convention, dramatically reduce the dollar shipments to Iraq and replace dinar," pointing out that "since before the signing of the agreement was Daesh militants are dealing in dollars and this stops today."
Sullivan pointed out that "the top leadership in the organization grab dollars normal armed salary dropped more than 50% as well as to their dealings Dinars prevents them from making international transactions as well as Washington and Baghdad will exchange intelligence, financial, security information required to stop for Daesh transfers," stressing that "Iraq was one of the countries that buy the dollar for years and there are a radical change today. "
"The organization was praised Sullivan as" Iraq's efforts to reform the central bank was completed within a year more than what has been achieved in the 13 past years, "he said, adding relies on oil previously and after the decline in prices began trying to swap oil with goods or services and the campaign against Mosul found a lot of cash dugout. "
The Operations Command (coming, Nineveh), announced on Saturday (29 October 2016), managed affiliate pieces of editing dozens of villages in the hubs of operations as well as hand Shora and reach down to the intersection of fresh bath, while shown that the popular crowd managed to turn edit 12 villages, confirmed the reception of more than five thousand displaced people.
The operations (coming, Nineveh) to liberate Mosul, and the rest of the occupied territories in Nineveh province, (405 km north of Baghdad), I started to (17 October 2016).
ADMINBILL: SATURDAY, NOVEMBER 5, 2016 (7:15AM MDT) DAYLIGHT SAVINGS TIME STARTS TONIGHT
GOOD MORNING DINARIANS. AS TENNESSEE ERNIE FORD WOULD SAY, "ANOTHER DAY OLDER AND DEEPER IN DEBT". BUT WILL THAT LAST? WE ARE CLOSE. OUR FRIEND RAYREN98 KNOWS FAR MORE THAN HE IS SAYING IMO. KEEP YOUR SPIRITS UP.
JUST FOR FUN AND TO GET TO KNOW YOUR US NAVY GOOGLE UNITED STATES AIRCRAFT CARRIERS AND OTHER SHIPS OF THE LINE. YOU WILL BE AMAZED AT THEIR SIZE AND CAPABILITIES. TO START TRY THE USS DWIGHT D EISENHOWER (CVN69) OF WHICH I AM PROUD TO SAY I AM A PLANK OWNER.
THE IKE --- https://www.youtube.com/watch?v=Nhz70o1oN68
Splash: (TNT) It was reported to me late Friday evening that the 2nd reading of the budget is scheduled for Saturday then on to a final vote next week, hopefully. Mosul is being reported as "clear" and they are still awaiting PM Abadi to plant the "official" flag. Time Will Tell!! smile PS - Looks like two contract rates will still be available at exchange time.....based on member reports
RaginCajun: SPLASH- GOOD MORNING,ONCE WE GET MOSUL AND THE BUDGET PASSED WE ARE IN GREAT SHAPE
Fireball92: LoL... I see a few who seem to misunderstand the Budget... FYI Iraq has Not had an actual budget passed since I've been around.... Been using the USA 'patch it' method.... Part of the excitement ...IMO ... To be fully Art 8, and receive 2nd installment of loan funds IMF requires a published budget.... which also requires a currency with a reality rate
Jose: never heard Tony explain the budget that way. he always stated you cant have a budget without a rate. never heard patch work usa
Fireball92: Jose... Correct .... hence what I said
Tman23 ...I posted back in April...The CBI governor said in several banking meetings inside and outside Iraq that the CBI plan was to maintain the rate of 1,305 through the end of 2016...The statement from the governor had bankers "shocked, disappointed, and not understanding the reasoning and none was provided"
BUT what is speculated is that this 1305 number has a significant role in the "numbers game" and lifting the 3 zeros... The speculation told to those who private message me is the start would have to begin at least 60 days before lifting 3 zeros
Just need to look/watch for unsuspected casual movements... Last night for the very first time in all banks across Iraq the rate posted 1,305... ...the rate fluctuates...it has been 1280, 1285, 1290, 1295, 1300, 1310... But NOT 1305 AND IT HAS posted the 60 days prior to the New Year that was the speculated timeline thought to see 1305
This is the silent move suspected to be part of the process of lifting 3 zeros... Now in the past salary caps/budget and cuts...numbers worked out to speculating that a rate of 67 cents was in the formula...of course since then a great number of circumstances have entered the picture
The speculation today works out to 76 cents which would be on par with the Canadian Dollar and Australian Dollar... It is this 1305 number that is on the board....in the banks and at the CBI... Been waiting for this EXACT NUMBER to POST
IT was posted last night which in the opinion of "conspiracy theorists"...THE PROCESS IS ON TRACK... And it will without doubt have the 3 zeros lifted at the start of 2017