Thanks My Ladies for allowing us to post this today.
Rox: 57 countries to sign China-led Bank charter on Monday
June 25, 2015, 12:24 pm
57 founding members, many of them prominent US allies, will sign into creation the China-led Asian Infrastructure Investment Bank on Monday, the first major global financial instrument independent from the Bretton Woods system.
My LADIES: THANK YOU BANDITO, THE BANK WILL OPEN THE END OF THE YEAR
WHAT THEY ARE SIGNING ON MONDAY IS THE FOUNDING COUNTRIES ARE SIGNING WHAT IS CALLED AN AOA WHICH ARE ARTICLES OF AGREEMENT.
SO THINGS ARE MOVING RIGHT ALONG.
MY LADIES: FROM THE AIIB WEBSITE
Status.Discussions among Prospective Founding Members (PFM) on the establishment of AIIB commenced with the 1st Chief Negotiators' Meeting (CNM) in Kunming, China, in November 2014.
Discussions about the proposed Articles of Agreement (AOA) were launched at the second CNM, which was held in Mumbai, India, in January 2015.
The AOA was discussed further at the 3rd CNM meeting that was held in Almaty, Kazakhstan, in March 2015and at the 4th CNM meeting which took place in Beijing in April 2015.
At the 5th CNM in Singapore in May 2015 the Chief Negotiators finalized their discussions of the AOA.
It is expected that the AOA would be ready for signing by the end of June and the AIIB would be operational by the end of this year. As of 15 June, there are 57 PFMs of the AIIB.
Bandito Rox: (*) Yannis Koutsomitis @YanniKouts 20m20 minutes ago #Germany's Merkel told EU party leaders there must be deal on #Greece before markets open on Monday: participants https://storify.com/yannikouts/greek-crisis-eurozone-summit
MY LADIES: BUMMMM BAMMM BAMMMM...THE HAMMER FALLS...
DS: <<< The governor of the Iraqi Central Bank, on Thursday, that the project to delete the zeros will be implemented in early 2017,
MY LADIES: ALL RIGHT WHO IS HERE WITH ME??
I'M GOING TO TRY TO EXPLAIN SOMETHING.
OK SO DO WE KNOW WHAT AN EXCHANGE RATE IS???
THIS IS A REAL QUESTION??? LOL...
ALL RIGHT LET'S TRY SOMETHING ELSE
Blessed153: Exchange rate is the value of one currency against another
MY LADIES: 2 STARS FOR YOU BLESSED
IRAQ HAS VERY MUCH TO DO IN THEIR COUNTRY..THEY HAVE TO BUILD, THEY HAVE TO PRINT NEW CURRENCY, THEY HAVE TO GET ELECTRICITY, THEY HAVE TO ADD NOTES TO THEIR CURRENT CURRENCY THEY HAVE TO GET THE ELECTONIC BANKING SYSTEM WORKING... (whew) THEY HAVE SO MUCH TO DO STILL
NOW THEY ARE GOING TO DELETE THE ZEROS AND STRUCTURE ALL THEIR BILLS AND CHANGE ALL THE PRICES AND GET ALL CONNECTED RIGHT??
OK SO SHOULD WE IMAGINE THAT ANY OF THAT HAS ANYTHING TO DO WITH THE EXTERNAL STATUS OF THE DINAR???
Blessed153: and... the article in question is about taking the zeros off the NOTES, not the exchange rate.....
MY LADIES: (*) (*) NOW YOUR COOKING!!
Blessed153: No, we should not imagine it has anything to do with the external status.... and the DINAR IS NOT WORTHLESS in Iraq.... even now.
MY LADIES: NOW I WAS JUST HAVING A CONVERSATION WITH W, AND WE WERE DISCUSSING THAT ARTICLE I POSTED LAST NIGHT ABOUT INTERNET SHOPPING
I KNOW THERE IS SOME CONFUSION ABOUT THINGS EVEN COMING FROM THE PEOPLE IN IRAQ THAT WE KNOW,
THEY ARE IN AWE ABOUT SHOPPING ON LINE...THINK ABOUT THAT...THEY ARE NOT CONNECTED TO ANY E SYSTEM,
MANY OLD SCHOOLERS DONT KNOW WHAT A COMPUTER IS...HELL IF YOU HAVE LIMITED ELECTRICITY WHY WOULD YOU NEED A COMPUTER???
AND WHERE WOULD INTERNET SERVICE COME FROM???
SO I WAS SAYING THAT I THINK THEY ARE A FEW YEARS MINIMUM FROM GETTING IT ALL TOGETHER, BUT PROBABLY LONGER...
BUT NO MATTER WHAT IS HAPPENING OR NOT HAPPENING IN IRAQ WILL NOT MATTER.
THE ONLY THING THAT WILL MATTER IS THAT IRAQ WILL HAVE THE SAME ABILITY TO CONNECT TO THE NEW BANKING SYSTEM AND WHEN THEY DECIDE TO CROSS BORDERS THEY WILL HAVE TO DO IT ACCORDING TO INTERNATIONAL STANDARDS
THE ZEROS, ON OR OFF THE CURRENCY DOES NOT MATTER TO US,
THE ECONOMIC OVER HAUL THEY NEED TO GO THROUGH DOES NOT EFFECT THE EXCHANGE RATE.
IRAQ NEEDS TO COME OUT OF ISOLATION AS THEY HAVE SAID THEMSELVES AND THEY NEED TO CONNECT TO THE GLOBE.
AND THE TIME FOR THAT IS RIGHT UPON US...JUST LOOK AROUND...IT'S UNDENIABLE AND IT'S EVERY WHERE.
WHEN I SAY KEEP OUT OF IRAQ..OR WHEN I SEEM DISINTERESTED IN WHAT IRAQ HAS GOING ON IT IS NOT BECAUSE I'M TRYING TO BE AN A**.
IT IS BECAUSE NOTHING IRAQ HAS GOING ON IS AN INDICATOR OR FACTOR FOR ANYTHING.
Blessed153: Because this is a BST.... not an Iraq transaction.... and the balance is shifting....
MY LADIES: THE EASTERN PERSUASION IS RIGHT HERE IN THE BANKING WORLD...RIGHT HERE RIGHT NOW!!
WE ARE SEEING MANY COUNTRIES BUILDING THEIR OWN CURRENCY UP, THEY CAN NOT UNWIND COMPLETLY OUT OF THE DOLLAR SO THEY NEED TO PUMP UP THEIR OWN CURRENCY.
WE READ IT YESTERDAY, EGYPT, RUSSIA, INDONESIA, CHINA, UAE, SAUDI, TURKEY, THE ENTIRE GCC, THEY ARE ALL DOING TRADES IN THEIR OWN CURRENCY.
THIS IS EXACTLY WHAT IS SUPPOSED TO BE HAPPENING!!!
THE TRAIN IS ON THE RIGHT TRACK!!
SO PLEASE DO NOT GET DISCOURAGED WHEN YOU SEE DELAY ARTICLES FROM IRAQ, OR DATES INTO 2017, BECAUSE WE DO NOT CARE IN THIS ROOM WHAT IRAQ HAS GOING ON.
WE ARE LIGHT YEARS AHEAD OF THE DAY TO DAY IRAQ, WE ARE WATCHING THE GLOBAL REFORM.
I SEE THIS TRAIN COMING DOWN THE TRACK VERY, VERY FAST....AND IT WILL SCOOP IRAQ UP WITH IT AND BRING IT TO THE GLOBAL STAGE
KEEP EYES ON IRAN, GREECE, RUSSIA, AND NOW THE EURO ZONE...CAN YOU SAY TIMBER??
THIS IS SO EXCITING, NOVA STILL HAS FLUTTERS..LOL.. WE ARE TOTALLY AMAZED AT WHAT WE ARE SEEING...
AND ALL THIS IS HAPPENING RIGHT BEFORE OUR EYES AND WE ARE A PART OF IT.
LEAVE IRAQ TO THOSE THAT CAN NOT KEEP UP WITH US, THERE IS PROGRESS AND SLOW DOWNS THERE AND THAT WILL BE FOREVER.
POLITICAL POSTURING, BATTLES OVER LAWS...OH MY BRAIN JUST BLEEDS TRYING TO KEEP UP, AND FOR WHAT??? FOR NOTHING..
BECAUSE HEY IRAQ- GUESS WHAT...READY OR NOT..THE TRAIN IS COMING AND YOUR ABOUT TO BE FREED FROM YEARS OF ISOLATION.
YOU WILL JOIN THE INTERNATIONAL STAGE AND WE WILL WATCH EVERYTHING FROM THE REAR VIEW MIRROR!!