Early Wednesday Morning:
Beams: Fisher says on RTC Call 02 Aug 2016 at approx 152:30 min : SKR's being hydrated today Groups being hydrated today Special codes were sent out this afternoon Committee has given the GO Fisher guesses at 12 hours in his estimation Call Link
Topsy -Turvy World of Currency Markets >> LINK
Beams: MONDAY, AUGUST 1, 2016 Crisis Watch - Latest Array of Information We have concluded here on this blog that really the only thing left to watch for is another major financial crisis so large that it could lead to major monetary system change LINK
Beams: Currency Traders Ensnared by Volatility See 2016 Losses Deepen LINK
Beams: The key is the new American currency. It is being printed and accounted for by the new Department of the Treasury http://inteldinarchronicles.blogspot.com/2016/08/excerpt-of-sheldan-nidles-update-for.html
Beams: >> arrests Clinton campaign http://usapoliticsnews.com/breaking-massive-arrest-rocks-clinton-campaign-happening
Striker: Kaper - Great article! Japans economy is tanking & the US is not far behind despite what CNBC / CNN says!!!!! 8th day the US stock market in the red! Hmmmmm!!!
Skylar11: GM, I just lurk around mostly, but I am just wondering has anyone seen Jester's post where he advises of course, the group exchanges have started and that he knows for sure that there will be no public exchanges definitely, just groups will go. Someone by the name of DS is advising the same thing??
RicOShea: SKYLAR - THERE WILL DEFINITELY BE PUBLIC EXCHANGES
Auroraop: Sky. They consider us a "group "
GmanCometh: Please correct me if I am misinterpreting him, but is Jester really saying that you must be a part of group to exchange?!? What about the rest of us holding Dinar? Who does that make sense too? Can someone clarify this?
StillOK Rocks: Logically if a currency is internationally tradeable anyone can do that... anyone
Mangelo: has everything fallen apart on the public side yet....bonds, banks etc..... on the private side are we ready to go yet?
DinarDiva: [Angel4444] JESTER So the Global Reset already happened?? [JESTER] Angel4444 IT WOULD APPEAR SO... http://www.dinarrecaps.com/our-blog/late-tuesday-night-jester-chat-emailed-to-recaps-part-2
StarChild: EU Banks Crash – Day 3 >>> http://www.zerohedge.com/news/2016-08-03/european-banking-system-bloodbath-continues-post-stress-test
Boxman: Sunday 8/7/16...hmmm, seem to remember someone (knarf) saying that will be an interesting date..
Walkingstick: Next Sunday .. workers' pay of creditors for the months of July and August
BAGHDAD / JD / .. The Ministry of Labour and Social / Department of pension affairs and social security for workers on Sunday, 08.07.2016 deadline for the disbursement of salaries of workers creditors of the two categories (manual exchange, holders of the smart card) for the months of July and August of 2016 in Baghdad and the provinces.
The general director of the Department of pension and social security for workers Ali Jaafar sweet in a statement / KD / received a copy of it: that the department has identified the seventh of this August as the date for the disbursement of salaries of workers creditors of the two categories (manual exchange, holders of the smart card), adding that the department has completed all the necessary distribution measures salaries in coordination with the General administration of the Rafidain Bank and its branches in Baghdad and the provinces.
He noted that the total allocated to the category of manual exchange payments amounted to more than one billion, three hundred million dinars, while the total allocated to the category of smart card holders amounts more than six billion, five hundred million dinars.
He explained that the retired content that has a service (30) years and above receive an amount of $ 600 thousand dinars for just two months, while receiving retiree who has less than (30 service) in an amount of $ 540 thousand dinars.
And between Jaafar said the deceased's family, which has more than three beneficiaries receive a salary of 500 thousand dinars, while the family that has Msthakan receive a salary of $ (480) thousand dinars, while the deceased retired families that have one receivable Vtstlm a salary of $ (460) thousand dinars . / End / 22 /
rcookie Article: "Dinar on raising the money supply in the size of banks" Quote: "Currency market and called on the central bank to the registration of the Iraqi dinar in the foreign exchange market..."
HUGE INFORMATION IN HERE...HUGE!
CBI TO REGISTER IRAQI DINAR ON FOREIGN EXCHANGE MARKET! FORM A JOINT STOCK COMPANY FOR THE MANAGEMENT OF ELECTRONIC TRADING & ISSUING SMART CARDS ESPECIALLY DUE TO THE SHORTAGE OF CERTAIN NOTES LIKE THE 25K RESULTING FROM SMUGGLING...
THEY ARE CITING THE SUCCESSFUL PROGRAM TEMPLATE OF THE KUWAITIS... TOWARD THIS MATTER!
MOT: Three men were discussing at a bar about coincidences.
The first man said, " my wife was reading a "tale of two cities" and she gave birth to twins"
"That’s funny", the second man remarked, "my wife was reading 'the three musketeers' and she gave birth to triplets"
The third man shouted, "Good God, I have to rush home!"
When asked what the problem was, he exclaimed, " When I left the house, my wife was reading Ali baba and the forty Thieves"!!!
Late Tuesday Night:
Saintly: Bill isnt the only one thinking tomorrow.......many people have contacts in here.....and many believe tomorrow is a strong possibility......
1camman1: It's all good. We've never been in this place before with so much occurring worldwide politically and economically. It's screaming GCR...
Saintly: I dont say much about the rv......however.......the people i know and trust are saying the same things (Rocker) have been saying.....about the bonds and all......tomorrow night keeps coming up
GEG-Dinar: Saintly, we love to hear your intel, and hopefully you are right and this is over by tomorrow night.
Saintly: GEG.....Bill is hearing from some very good and informed people......If his window happens to be wrong....it wont be his fault....
Don961: Wednesday, August 3, 2016 - 02:00
MBRI Comfortable With Banks’ Forex Entry
Kamran Nadri said that in the years of currency controls in place because of the international sanctions, the possibility of banks engaging in speculative activities had existed and for that reason all lenders were banned from entering the tempting hard currency market.
“Because of the currency controls in previous years, a competition had emerged to buy as much foreign currency as possible,” Nadri told Tasnim News Agency.
“Because [during the sanctions] the banks had no real need for hard currency, they possibly wanted to enter the sector for speculative activities and that was why restrictions had been put in place for them,” he said without elaboration.
The CBI this week said commercial banks can now trade in the parallel foreign exchange market. The banks are allowed to buy foreign currency from their clients and trade with it at the market rate. Moreover, exporters also have the option to sell their forex revenues to banks or deposit them in their own bank accounts.
“Now that currency restrictions have eased, it is logical for banks to also trade in the currency market,” Nadri said.
Probably because oil prices have relatively improved and access to frozen assets made easier, the government’s forex reserves have increased, he said.
Single Rate Aim
Banks role in the foreign exchange market will not lead to monopolization and the naysayers and critics must back their argument with reason, Nadri stated.
“All said, banks being allowed to trade in the forex market will lead to a more competitive and efficient forex rate.”
“It seems the Central Bank of Iran’s decision was right and timely and could be the first steps toward the unification of currency rates,” said the deputy chief of MBRI.
The economics professor disputed claims that the presence of banks in the market can and will push up currency rates and opined that the official currency market is pretty strong, “and requests for subsidized currency are still entertained by the regulator.”
The presence of new players in the market will not raise forex rates, “unless these new players – the banks – get inside information that would indicate major negative changes in the market. “Should that be the case (then) there is the possibility of a new competition emerging to buy hard currency that could lead to increased forex rates.”
According to Nadri, only a new round of sanctions or a dramatic decrease in oil prices can culminate in queues to buy foreign currency and by extension lead to higher forex rates. Under current circumstances “exchange rates will not rise as a result of new players entering the fold.”
In the current situation, he says, the number of buyers and sellers will gradually increase, leading to a more robust and efficient market. With the levelling of this crucial economic playing field “Exporters and traders will have an easier time because the bureaux de change will no longer have the monopoly on currency trade.”
Short Url : http://financialtribune.com/articles/economy-business-and-markets/46785/mbri-comfortable-banks%E2%80%99-forex-entry