DR. CLARKE: Looking more & more, like the highest probability, is right at the very end of November, 2016.......we'd say it's now at 99%.........yes, that's what we just said........sooooooo many children playing in the closet having a blast, hidden outta plain sight, right now......
kinda like all those millions of "quiet" Trump voters, who never told anyone they secretly preferred Trump.....and so they just Voted.....DONE. Believe it.Link to Original Post
Note: The Recaps team extends or deepest condolences to the friends and family of Starman. He will be greatly missed. Rest in Peace
SparkyLady: It is with deep sadness and a huge sense of loss that I tell you our Starman (Sam Syracuse) passed on/transitioned this afternoon at 2:38 pm.in Ft Collins CO.Mnay of you will remember Starman from the early days with Okie and Tony. He was a well respected person in Dinarland and in the banking community. Sam helped many... Further details to follow on Tuesday.."Cool runnings my Friend"...See you on the other side......Sprkylady/LucyLu
Angel: BBC: India Raises Withdrawal Limit as Rupee Anger Mounts
NOV 13, 2016 BBC NEWS
The Indian government has raised the limit on cash withdrawals following widespread public anger about the surprise abolition of 500 ($7.6) and 1,000 rupee notes last week.
Customers can now withdraw up to 2,500 rupees a day from cash machines, rather than 2,000, the finance ministry said.
Many cash machines are not working because they have not been adapted for the new 500 and 2,000 rupee notes.
Long queues at many banks were making it difficult to make withdrawals.
The government said Indian banks had received 3 trillion rupees ($44bn, £35bn) of large denomination notes since the move was announced on Tuesday night.
The abolition of the 500 and 1,000 rupee notes is intended to crack down on corruption and bring cash worth billions of dollars in unaccounted wealth back into the economy.
The two notes accounted for more than four fifths of the currency in circulation and the change threatens to disrupt much of India's cash-driven economy.
Many cash machines in India are yet to be configured for the new 2,000 and 500 rupee notes
The government has also relaxed withdrawal limits from banks, removing the 10,000 rupees a day restriction and increasing the weekly limit by 4,000 rupees to 24,000.
The Reserve Bank of India urged people not to hoard cash, adding that rupees were available "when they need it".
It has asked banks to report daily rather than fortnightly the amount of cash withdrawn and exchanged to give a more accurate picture of circulation.
Prime Minister Narendra Modi acknowledged the "pain" being experienced by millions but said the scheme was "not born from arrogance".
"This hardship is only for 50 days," he said in a speech in Goa on Sunday. "Please, 50 days, just give me 50 days. After 30 December, I promise to show you the India that you have always wished for."
Indians have until 30 December to exchange the now-defunct notes at banks.
Since being elected in 2014, Mr Modi has pledged to crack down on "black money" kept hidden from authorities. The "black economy" could account for about a fifth of India's GDP, according to investment firm Ambit.
His political opponents said they would unite to fight the abolition of the high denomination notes, which has made lives difficult for millions of ordinary people - particularly those without bank accounts who keep their savings in cash.
Mulayam Singh Yadav, leader of Samajwadi party, called on the prime minister to reverse his decision.
"The government has spread anarchy in the country, the common man cannot buy daily products," Mr Yadav said.
IN LOVING MEMORY OF OUR BELOVED TNT FAMILY MEMBER AND FRIEND STARMAN The TNT FAMILY SENDS THEIR LOVE AND PRAYERS TO HIS FAMILY
BestBuy: I think Obama will take this last month opportunity to RV before Trump takes credit and announcing to the world BRAND new Iraq is ready for the world under his administration. Just my thoughts
Prophetic: the moon is high and so is my expectations.
Samson: Contracts to evaluate Iraqi banks, CBI
Monday 14th November, 2016
The Central Bank of Iraq (CBI)disclosed that it contracted international companies to "evaluate" the work of the Iraqi banks.
The dealings with these banks shall be determined by such evaluations, in regard auditing and danger managements.
Governor Ali al-Alaq pointed that the Iraqi banking system is a new one with "unstable" circumstances and many challenges, but it contained various "opportunities".
Iraq has 54 banks in addition to the CBI, including 7 governmental banks, 23 private banks, 9 Islamic bank and 15 foreign banks' branches.
Samson: 75% of Iraqi budget for governmental salaries, Parliament Speaker
November 13th, 2016
Iraqi Parliament's speaker Saleem al-Jbouri disclosed that 75% of the Iraqi 2017 budget shall be spent on the governmental salaries and expenditures.
He added that the Iraqi budget put 42 dollars for selling one oil barrel in international markets. "32% of the budget was allocated for security and defence purposes", he confirmed.
On the other hand, member of the parliamentary financial commission Majda al-Timimi reported that 2017 budget is "just only" financial loans, charging the government with the failure to ensure the financial situation in the country.
Iraqi economic experts believe that the most of the items mentioned in 2017 were repeated from 2016.
Don961: Calls for rial revaluation have grown stronger.
Monday, November 14, 2016
Tayyebnia Says Rial Revaluation Should Wait
Addressing renewed calls for dropping three zeros from Iran’s national currency, Ali Tayyebnia, the economic minister, supported the move. He, however, was soon to add that the time is not suitable for doing so.
“I think dropping the three zeros from the rial is a necessary measure that should be done in the future,” ISNA quoted him as saying on Sunday.
“We need to fully reduce inflation and make the economy more stable before lopping of the naughts from the national currency,” the minister added.
Earlier this month Hussein Qazavi, a deputy minister of economy, and Gholamreza Mesbahi-Moqaddam, a member of the Expediency Council, called for the parliament and government to create the grounds for revaluing the rial. The move is expected to help lift the efficiency of the currency and ease daily transactions, according to two experts.
Kamran Nadri, deputy director of Monetary and Banking Institute, also welcomes the move, since “it would make calculation easier and make the currency more resilient to inflation.”
Nadri went further by saying that since the revaluation would be costly and time- consuming it is better to drop even more zeros from the rial all at once. “I think we should remove four zeros from rial.”
He emphasized that enhancing monetary markets is a key prerequisite for revaluating rial.
The policy was successfully initiated by several countries in the past: Turkey, for instance, lopped six zeros from its lira in 2004 as a way to get rid of decades of high inflation.
Although the official currency in Iran is the rial, most people use the term ‘toman’, which deducts one zero. A 10,000 rial bill therefore is generally called 1000 tomans.
Currency Revaluation in Iran
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