Thanks MY LADIES for letting us share from your private chatroom today:
MY LADIES: OK LET'S TAKE A QUICK SPIN THROUGH IRAQ...OK??
BANDITO BROUGHT SOME STUFF IN I WANT TO LOOK AT....READY??
BaNDiTo_RoX: Adviser Abadi: calls for central a realistic exchange rate for the dinar
Saleh said in a statement published by local media, followed up "obelisk", that "the Iraqi dinar exchange rate is the same as the external value of the national currency, the value of money and this value is important to relate to the external sector, because most goods and products are imported
MY LADIES: HUMMM SO WHAT IS HE SAYING HERE??? LET'S KEEP READING
the volatility of the exchange rate in favor of the dollar and foreign currency taken from the rights of citizens and affect the income and wealth and hits the standard of living."
MY LADIES: SO THE TIME FOR A REALITY INTERNATIONAL RATE IS UPON IRAQ. THEY CAN NOT STAY IN ISOLATION..HERE THEY ARE SAYING THEY ARE AN IMPORTING COUNTRY RIGHT??
SO THE EXCHANGE RATE RIGHT NOW IS IN FAVOR OF THE DOLLAR RIGHT???
AND THIS AFFECTS WHAT??? THE STANDARDS OF LIVING AND INCOME OF THE CITIZENS RIGHT??
He added that "monetary policy is working for the stability of the national currency and to address the volatility
He noted that "administrative and financial processes in general affected the exchange rate and the decreased value of the dinar against the dollar", calling for "non-interference to the work of the Central Bank"
noting that "the central bank must find a realistic price for the exchange rate Intasp with the economic situation and the defending state this price,
MY LADIES: THIS IS THE TIME NOW AND THEY NEED A REALISTIC PRICE BETWEEN THE CBI RATE AND THE MARKET RATE AND IT MUST FIT WITH EXTERNAL PRESSSURES
and the market and the central bank at a price of one, and that the price difference does not exceed 2%, explaining that "if the desire of the state to improve the value of the Iraqi dinar, it is with the economy improves conditions in the country."
MY LADIES: HERE YOU CAN READ THE ENTIRE ARTICLE
Blessed153: I thought that's what he was getting at..... I just didn't want to comment on it and get the paper if I was wrong.
SSS: Love the fact that it is Saleh saying this
MY LADIES: NO NO YOUR SAFE BUT WAIT UNTIL YOU SEE THE NEXT ONE
Keywords: the power of the Iraqi dinar was the cause of the growth of the economy of neighboring countries
AW: Mary,........I have never thought that the efforts of the CBI have been in a vacuum. Instead, their preparations have been in concert with what we now see unfolding across the globe. As someone else has said, along with you, this has always been the plan.
MY LADIES: YES AW THIS HAS ALWAYS BEEN THE PLAN. THE NEW SYSTEM NEEDS TO COME IN, THE OLD ONE IS CLEARLY BROKEN, THE NEW ONE IS CREATED BY THE SAME AUTHORS OF THE OLD ONE BUT THIS TIME THEY HAVE PUT IN CONTROLS AND FOR LASCK OF A BETTER WORD "RULES"
ALRIGHT SO KNOWING ALL ALONG WHAT THE PLAN WAS WHY WOULD THEY BRING THE DINAR INTO THE SYSTEM THAT IS CORRECTING???
IT HAS NO DEBT ATTACHED RIGHT??
THERE IS BACKING TO IT WITH THINGS OTHER THEN AIR RIGHT???
SO THERE WAS NEVER A PLAN FOR IT TO BEGIN TRADING IN THE OLD SYSTEM.
WE ARE JUST NOW FIGURING THAT OUT. ALL THE YEARS OF ANY MIN AND ANY DAY WERE CLEARLY NONSENSE.
WE ARE NOW UNDERSTANDING AND STUDYING AND ARE ABLE TO SEE WITH OUT ANY DOUBT THAT ACCORDING TO GLOBAL ECONOMICS THE DINAR IS RERQUIRED TO TRADE SOON, RIGHT?
IT IS NOT AN OPTION ANYMORE, IT IS A REQUIREMENT IF IRAQ IS TO BE PART OF THE WORLD ECONOMIC STRUCTURE.
AND IT WILL TRADE AT THE SAME TIME EVERYONE ELSE IS MOVING TO THE NEW SYSTEM. IT IS NOT AN OPTION ANYMORE, IT IS A REQUIREMENT IF IRAQ IS TO BE PART OF THE WORLD ECONOMIC STRUCTURE.
SO THE PLAN IS UNFOLDING BEFORE OUR EYES AND IT IS MOVING FAST NOW.
I AM GOING TO SHOW A FEW THINGS FROM IRAQ THAT WILL SHOW US THAT SALEH AND ALI HAVE BEEN TOLD THE TIME IS NOW...SO STAND BY..
JP: Mary, it looks like the snow ball is about to hit the chalet!!
MY LADIES: Keywords: the power of the Iraqi dinar was the cause of the growth of the economy of neighboring countries
Said Governor of the Central Bank on the Keywords, Saturday, liberation Bank of specifying a particular roof of the sales dollar, stressing that the Iraqi dinar strength which cost the state treasury amounts of expensive was the cause of the growth of the economies of neighboring countries
. Dr. Ali Keywords in a seminar monetary difficulties and the position of the central bank towards them hosted by the progress of the policy development attended imn.iq the website of the Iraqi Media Network Institute, said that "the central bank can not be committed to the decision sale 75-120 million dollars a day as stated in the decision of the general budget for 2015, as well as the suspended duties and taxes amounting to 8% on operations are met currency sale, "noting that" the bank was able to maintain the exchange rate in a balanced and acceptable and exceeded inflation, which loomed heralds two weeks before the option.
" He said the central bank governor, said the "Edit sales ceiling process needs to control by the authority scrutinize the money source for fear of getting caught in the nets of corruption and money laundering, "stressing that" the Central Bank is currently working on the development of regulatory mechanisms through the opening of an office within the central bank's anti-money laundering crimes.
" He Keywords that "the central bank make great efforts to strengthen the dinar cost the state huge amounts of money, this process leads to attract investment, but unfortunately, the power of the Iraqi dinar was the cause of the growth of the economies of neighboring countries, which is imported by Iraq of all its needs, "citing the" exit of at least 70% of hard currency from the sale of oil to the outside of the lack of local produce such as industry and agriculture and tourism.
" He continued that "demand for the dollar factors that must be given much attention by the government and parliament and academics to develop a real bases that guarantee treatment anomalies in the Iraqi economy in a comprehensive manner away from the prosthetic processors ," pointing out that "the budget items are subject to an economic vision which lead more rentier and the distribution of money without creating productive investment and expand the economic base. "
MY LADIES: OTHER COUNTRIES HAVE BEEN BENEFITING FROM TRADING WITH IRAQ IN THE DOLLAR, THE TIME IS HERE FOR A REALITY RATE
SSS: <<< So was all the talk about repricing in 2011, 2012 BS?
MY LADIES: YES AND NO..FOR THOSE LOOKING ONLY IN IRAQ THEY NEVER SAW WHAT WE SEE AND THEY STILL DON'T.
SO FOR THOSE CLINGING TO EVERY PARLIAMENT ARTICLE AND EVERY LAW AND EVERY CBI ARTICLE LIKE WATER IN THE DESERT IT MIGHT LOOK LIKE THEY WERE GOING TO DO SOMETHING.
BUT NOW IN THE REAR VIEW MIRROR LOOKING BACK IT IS CRYSTAL CLEAR TO ALL EVEN HELEN KELLER THAT IRAQ IS NOT IN CONTROL!!
THIS IS WHY I SAY OVER AND OVER AGAIN GET OUT OF IRAQ...BECAUSE WE CAN SEE A GLOBAL MOVEMENT AND IRAQ IS JUST A PART OF IT.
THIS WHOLE THING IS JUST MATH..AND MATH AND NUMBERS DO NOT MAKE MISTAKES.
OK SO HOLD ON THERE'S MORE..
MY LADIES: HOW ABOUT IF WE TALK ABOUT THE BONDS FOR MIN...OK???
SO LET'S SEE WHAT THIS IS SAYING..
A member of the parliamentary Finance: The Benefits of bonds worth $ 5 billion curtail the role of speculators
said the parliamentary finance committee member, said the positives of the promotional tour for bonds worth $ 5 billion is to reduce the role of speculators.
And between Jabbar al-Abadi told all of Iraq [where] that "there are several benefits to these bonds in question, including the withdrawal of the Iraqi currency under the currency bloc will be in dollars, and thus demand for the dollar to reduce speculation, as well as pumping dollars into the market."
MY LADIES: BONDS WILL BE IN DOLLARS..BONDS WILL BE IN DOLLARS...HUMMMM..
The Finance Minister Hoshyar Zebari said 22 of June this month that Iraq hoped to meet with investors at the end of next July display plans on issuing its value five billion dollars in bonds.
The dollar rate against the local dinar rose over the past week but quickly dropped after the catch those responsible for this matter.
The Governor of the Central Bank of Iraq Agency on the Keywords said during a press conference 20 of this month, the lack of fear of the rise in the dollar's exchange rate against the Iraqi dinar, "revealing"
Ask a local bonds worth $ 5 billion to provide liquidity to the state. " formed anti-crime directorate of the Organization in the Ministry of Interior, cell crisis in coordination with the Central Bank to hunt down the perpetrators of the speculators exchange rate appreciation Atar.anthy
MY LADIES: SO NOW THE LIQUIDITY CRISIS CAN WAIT UNTIL THE END OF JULY???
IT WOULD NOT SUPRISE US TO SEE THEM WAIT UNTIL SEPTEMBER AND ISSUE THE BONDS IN THE NEW SYSTEM AND IN THE DINAR...NOT THE DOLLAR..
NOTHING ELSE MAKES SENSE...I SAY WE STOP WAITING ON THESE BONDS AND WE BUY THIS DEBT IF THEY ISSUE IT IN THE DINAR IN THE NEW SYSTEM...
THE TRADE PRICE IS ABOUT ALL THE CBI WILL HAVE TO DECIDE, THE REST IS A GIVEN.
Lisa: I remember Nova saying the same thing in our CC last Monday. A good time to buy bonds in Iraq may be August/Sept.
MY LADIES: YES LISA IT SURE IS...
JP: Mary, can the bonds issue be settled after Iraq gets involved with the new system?
MY LADIES: YES JP THAT'S EXACTLY WHAT I THINK IS GOING TO HAPPEN
IT DOESN'T MAKE SENSE TO SELL IN THE DOLLAR WHEN THE REST OF THE MIDDLE EAST IS MAKING ALTERNATE PLANS FOR THE DOLLARS THEY ALREADY HAVE.
WHY HAVE 20 YEARS OF MORE DOLLARS OUT THERE???
THEY WILL HAVE A CREDIT RATING AND BE GLOBAL AND TRADING IN THE DINAR, SO WHY SELL IN THE DOLLAR, ESPECIALLY WHEN THE DOLLAR IS SOON TO BE ONLY 1 OF 5 RESERVE CURRENCIES???
OK SO I'M DONE IN IRAQ..THEY HAVE LITTLE SAY AND ARE JUST GOING TO GET SWEPT UP IN THE MOVEMENT.
IQD NOVA: WOW LOTS OF GREAT STUFF TODAY!!! IF I MAY SAY ONE THING ABOUT THE "BOND THING IN IRAQ" ALL WE NEED TO DO IS LOOK AT WHAT CHINA JUST DID/SAID ABOUT THEIR BOND DEAL. IT WILL BE ISSUED IN FOUR OR FIVE CURRENCIES. OH WHAT THE NEW SDR MODAL. IRAQ WILL DO THE SAME.
MY LADIES: ALL RIGHT NOW TODAY WAS A GREAT DAY FILLED WITH MUCH NEWS, BUT I JUST WANT TO BE SURE YOU ARE ALL UNDERSTANDING SOMETHING.
WHAT WE TALK ABOUT IN HERE IS GLOBAL ISSUES, AND SOMETIMES OUR CHAT FROM HERE GOES OUT TO RECAPS WHICH IS OK
BUT I WANT TO BE CLEAR THAT WE ARE IN NO WAY DRAWING A STRAIGHT LINE FROM GREECE OR IRAN TO IRAQ AND THE DINAR.
WE DO NOT THINK THAT GREECE OR IRAN IS HOLDING UP THE TRADING OF THE DINAR
WE DO NOT STUDY AND FOLLOW IRAQ ON A DAY BY DAY BASIS.
WE KNOW THAT A NEW BANKING SYSTEM IS COMING IN,
WE KNOW THAT THE SDR MODEL IS COMING TO PASS, AND WE KNOW THAT WITH ALL THE CHANGES THAT ARE HAPPENING THAT IRAQ WILL HAVE TO CHANGE TOO.
WE ARE CERTAIN THAT IRAQ WILL NOT REMAIN IN ISOLATION HOW CAN IT,
SO I SAY THIS OVER AND OVER AGAIN PLEASE DO NOT TRY TO DRAW A STRAIGHT LINE FROM IRAN OR GREECE TO IRAQ.
THIS IS NOT WHAT WE ARE STUDYING. THESE GLOBAL EVENTS ARE HUGE AND MUCH BIGGER THAN GREECE OR IRAN AND IF YOU ARE NOT STUDYING THEM EVERYDAY YOU COULD GET CONFUSED OR MISINTERPRET WHAT WE ARE TRYING TO EXPLAIN.
IRAQ WILL BE REACTIONARY TO THE ENTIRE BANKING SYSTEM AND IMF MONETARY REFORMS. AND THEY WILL REACT REGARDLESS OF WHAT IS GOING ON IN THE COUNTRY WHEN THE TIME COMES.
JUST WANTED TO MAKE MYSELF CLEAR ON THAT. WE ARE AWARE>