Morning News & Comments with BondLady 11/12/2015
Pictures .. 50 thousand new category dinars in Iraqi currency Wink
[tlm724] good morning BondLady !! Nice to see the 50 k note pics ! thank you again emmaduke !!!
[BondLady] I know some people are a bit freaked out about the 50 k note but its Iraq they are backwards compared to us, but their doing what they think is best for their economy not ours
[emmaduke] welcome again!
[tlm724] I am so glad this image of the notes came out so soon, several other forums were making noises that since the CBI didn't release a pic of it that it surely must be the 50 note, I am sure they are backpedaling today lol
[emmaduke] tlm724 I saw that lol
[bigdinaros] I was hoping for 50 000 FILS
[tlm724] and *slap* them for not seeing that the CBI does tell and show us what they are doing most of the time
[tlm724] bigdinaros *hallelujah*
BondLady] just remember this when your thinking of the 50k...its there 50 dinar basically...this is their way to dedollarize, which is better than releasing a 100k... and it helps the keep inflation low...
helps Iraqis carry less money...stopping so much use of us dollars which has also been used an smuggled to help fund ISIS and money laundry....
forcing them at the same time to apply the anti- money laundry laws and it'll also pull back into the CBI the smaller notes which will eventually raise the dinar exchange rate for us and more purchasing power for the Iraqi people IMO
[bigdinaros] but instead we got 50 000 dinar
[tlm724] well said BL !!!
[rsp1] Sounds about right Bondlady
[emmaduke] agree.. but they HAVE to remove other notes to equal what they are putting into the market
[tlm724] emmaduke this 50 k note will help accomplish that
[emmaduke] otherwise the money supply will be diluted. I agree... that is what they say they are going to do
[tlm724] see what BL said " it'll also pull back into the CBI the smaller notes which will eventually raise the dinar exchange rate for us an more purchasing power for the Iraqi people"
[therealbubbie] are they already using the 50,000 note in the streets ?
[tlm724] emmaduke do you know that for fact ?
[emmaduke] oh..on forex...the dinar is the lowest I have seen it... at 1086.4
[emmaduke] tlm724 what's that timmy?
[therealbubbie] I'd like to buy one of them purdy notes !
[tlm724] emmaduke that the notes are on the streets or did I read that wrong
[emmaduke] tlm724 yes they are
[tlm724] therealbubbie me too, said that yesterday
[emmaduke] tlm724 a few of the dealers have them for sale
[therealbubbie] tlm724 *hallelujah*
[tlm724] emmaduke sweet ! I'll get some after the news then
[therealbubbie] emmaduke who ! ?
[tlm724] therealbubbie *hallelujah*
[emmaduke] tlm724 the dealers in IRAQ! not here~!
[tlm724] hmmm might to make a phone call then
[therealbubbie] tlm724 I'll buy the plane tickets !! lol
[emmaduke] get one for me!!!
[tlm724] I'll let you all know if I can find any from a secret squirrel source
[tlm724] therealbubbie *wolfwhistle* fly me to the moon lol
[emmaduke] tlm724 please do
[bigdinaros] can´t see how this 50 k will increase purchasing power, if you release smaller denoms then you have to raise the value for it to be worth something
[BondLady] just releasing the 50 k won't give them immediate purchasing power bigd that comes with pulling in the smaller notes they will use to buy the 50k notes INSTEAD of USD
[BondLady] hope that helps you all and thank you
The central bank announced the imposition of fines against banks amounted to 400 billion dinars
[tlm724] "established during the years 2012- and 2015, many of the cases to the competent Iraqi courts on banks and companies contrary to the instructions selling foreign currency in force
[tlm724] relating to anti-money laundering issues",
[tlm724] go get em !
[tlm724] that "the number of such cases reached up to 97 suit belonging to banks and financial institutions and other dealers.
[tlm724] including 40 banks,"
[tlm724] uh huh !
[tlm724] it's no coincidence that the CBI is showing it's hand right now, think about all we have learned in the last few days, since the the most recent agreement with the IMF and now we have the 50 k note released and further details to the depth of corruption in the banking system ,a remarkable concurrence of events ? I think not Wink
[tlm724] I think the IMF FINALLY got their point across about Iraq;s economic and currency policies !
[tlm724] if Iraq wants to save themselves then the IMF will help them do so, the current trend I see is that Iraq DOES want to save their economy
Stay tuned for the long ... file corruption in Bank-Huda
[tlm724] file corruption in Bank-Huda Document of the documents prepared by the late Ahmad Chalabi about phantom companies collaborating with the Central Bank
[tlm724] ohhh the corruption crap is hitting the fan !!
[tlm724] Mikey or anyone do you know if Huda is the name of a bank or is that just translation ?
[tlm724] I saw another art about the trade bank lemme grab it brb
[Mikey] yes it is http://www.alhudabank.co ··· ndex.htm
[tlm724] Mikey oh perfect tyvm
Parliamentary Integrity open an investigation into the files of corruption in the Trade Bank of Iraq November 12, 2015 0 Detection of the Parliamentary Integrity Committee member Mohammed fact that, for the opening of the investigation files of "corruption" in the Trade Bank of Iraq, which is chaired Hamdiya dry, as revealed that among the "corruption" You granting loans without bank guarantees.
Kuhn said in a press interview that "the Committee began to open many of the" corruption "files in the Trade Bank of Iraq, which is chaired Hamdiya dry," noting that "the most prominent papers in file corruption is respect of the granting of loans and bonds without bank guarantees."
He said a member of the Parliamentary Integrity Committee, that "dry granted many loans without collateral or banking facilities and loans can not bank the prosecution of the other side legally in the event of breach of the contract with them," adding that "the aim of the investigation to reach the truth and not a" miscarriage "In If proven corruption will be forwarded to the elimination of proven guilty. "
He pointed to the fact that "the results of the investigation in this file will reveal very soon." It is said that "the former Secretary General of the Council of Ministers on the Keywords revealed, earlier, that a significant breaches detected in dealings Trade Bank of Iraq and the President of its Board of Directors."
[tlm724] thank you Rocky for posting that !
[tlm724] Parliamentary Integrity open an investigation into the files of corruption in the Trade Bank of Iraq
[tlm724] so not only Huda Bank but Trade Bank too and many others will come to light very soon I am sure !
[tlm724] granted many loans without collateral or banking facilities and loans can not bank the prosecution of the other side legally in the event of breach of the contract with them,
[tlm724] prolly gave loans to their cousins Suspect
[tlm724] "In If proven corruption will be forwarded to the elimination of proven guilty
[tlm724] so glad the CBI is stepping up to the plate and doing their job !!
Central Bank of Iraq issued Todhya procedures for cash and Ssayasth
[tlm724] He said that in light of what has been asked of documents and information concerning violations of some banks and companies in the sale of foreign currency window, and try to suggest to the public Karim not to take any action that the bank in this regard, we would like to clarify the following:
[tlm724] we went over much of this the last couple of days but look at # 3
[tlm724] 3. have been punished (426) financial institution non-banking sanctions (fines, alarm, alarm, deprivation of currency) sale and the withdrawal of permits and licenses for some of them a window with the imposition of trusteeship on four of the banks reached one of them to the filter end while the rehabilitation of other banks.
[tlm724] have been punished (426) financial institution non-banking sanctions (fines, alarm, alarm, deprivation of currency sales
[tlm724] and the withdrawal of permits and licenses
[tlm724] more confirmation that the anti-corruption train has left the station !!
[tlm724] *hallelujah* we have waited years to see this action, no more talk but ACTION !!!