From Recaps Comment Section:
Dr. Clarke: Additionally, many thousands of people have lost lots of sleep over the money that's held up in Reserves, with currency dealers such as Sterling and others, since last year early June 2015. Know this: Your money is not lost.
In fact, the reserved amount that was active as of the date they stopped business - WILL BE REACTIVATED, just as if business had never ceased - this will be announced formally through all those dealers, within 7 DAYS AFTER THE FORMAL ANNOUNCEMENT OF IRAQ'S RV OF DINAR, MAKING IT AVAILABLE TO BE TRADED INTERNATIONALLY.
This is why, the website at Sterling is still operating fully right now as we speak, with you being able to see all pages, and all details of transactions etc. - BUT CANNOT INTERACT ANY TRANSACTIONS.
The idea from the start, was to stop all currency purchases, so as to inventory all buyers, amounts and check all security issues/people, well in advance of the RV event.
The other reason, was so that this forced all people, no matter how long this continued - to primarily buy and interact with the banks, and establish relationships for future investment - and for control measures.
If you have Reserves, at the time of the announcement, you'll be given the option of Exchanging with Sterling at a competitive rate OR paying off your currency balance and receiving the currency in hand/shipped - but will take a little longer to receive - even up to 14-21 days.
The idea is to get it exchanged with Sterling or other dealers, as much as possible, to speed things up. This way Sterling/Dealers get their share for participating in this win-win, but since, the banks have already had their chance at getting your business, as well.....win-win for all.
Friends, all is good, and set up for the eventual transfer of wealth, without missing a beat. This shutdown event HAD to occur. It was NECESSARY. This may help you understand, that your money did not go away, or is not lost. It's just delayed.......
I Intend the Best for All, Dr. Clarke
Aggiedad77: Several points here (see article below)
First, they must have been coming to our CC's.....they speak of Tariffs at the borders....yep....silly Fin Com....you got that already
Second, stimulation of the private sector....tell us something we who study don't already know
Third, hey Fin Com....keep your grimy hands off the Dinar Exchange Rate...remember last year
And my last point, maybe it is just me, but when has the Fin Com done anything but talk...blowhards they are Aloha Randy
Walkingstick: Parliamentary calls "a major economic revolution" in Iraq
BAGHDAD / Obelisk: he called the Parliamentary Finance Committee member Hossam punitive, Saturday, to start a major economic B'thorh 'to face the current financial crisis experienced by the country, while stressing the need to launch a' major campaign 'to support the national industry.
He said punitive in a statement published by the local media and I followed 'Obelisk', that 'the current financial crisis we are experiencing requires a concerted and cooperation of all the faithful in order to overcome them and move forward in the country to the ranks of developed countries, there are several proposals that would add considerable financial resources into the treasury of the State of Iraq' , pointing out that 'among those proposals is to launch a major campaign to support the national industry and stop the import of products that have local alternatives'.
Punitive and urged the importance of 'Activating tariff in all border crossing points, including the Kurdistan region, and stimulate the private sector by starting to contract with major international companies to implement a number of residential, service and health projects and even security in a way payment on credit, which will provide many job opportunities and reduce the pressure on the rate Government to create jobs and reduce unemployment. "
Punitive and called for the 'need for the Government with the help of experts of finance and economy and to begin a major economic revolution to save the country from a bad financial situation and meet the aspiration and hopes of the citizens', demanding B'alasraa to resolve this serious file and not to cause obtaining a severe crisis that could lead us into the abyss'.
The punitive 'the importance of reviewing auction currency at the central bank and find other means to keep the Iraqi dinar exchange rate, and the launch of an internal bonds for citizens and an interest rate of not less than 7% instead of the foreign loans of up Voidha to more than 10%'.
The House of Representatives voted in (December 16, 2015) by a vote of those present on the draft budget law for fiscal 2016 valued at more than 105 trillion dinars, and a deficit of more than 24 trillion dinars, considered on the basis of the price of a barrel of oil to 45 dollars.
http://www.almesalah.com/index.php?page ... e&id=67415
Walkingstick: Raed al-Hashemi: delete the zeros will lead to queues in banks to replace banknotes
Stressed economist Raed al-Hashemi, the deletion of zeros from the local currency needs to be political, security and economic stability, noting that the feminine currency will lead to the feminine economy and facilitate the process of the payments system and raises the value of the currency.
Hashemi said in a dialogue with the (Journal), that "the economic environment you need to create a thoughtful to apply the deletion process through procedures and financial and banking decisions made by the financial authority in the country ".
* raise zeros from the Iraqi currency has a benefit of the Iraqi economy?
- The process of deletion of zeros is a necessary and important step comes as part of the need for the process of administrative reform of the coin contribute -lo been correctly applied with a choice of Almnasp- time in reducing transaction costs and cash transactions in the economic process, and reduce the money supply in the country's size and to facilitate the calculations and reduce the inflating figures not to mention that the issuance of small groups will facilitate policy accounts price.
* What is the correct mechanisms that must be followed until the process of lifting the zeros?
-there are several mechanisms including the selection of the appropriate timing at which the Iraqi economy (one-sided) in a state of stability and economic environment and to create a thoughtful to apply the deletion process and this needs to be procedures for financial and banking and the decisions taken by the Authority Finance in the country, and the need to create a media and psychological community to accept such a decision by the intensive media campaigns before proceeding with implementation, and the implementation of the resolution on the stages of time and leeway enough fear of the events of confusion in the Iraqi market.
* What are the concerns of the adoption of the process of lifting the zeros?
-ary a lot economists that the process of deleting three zeros will lead to chaos and confusion in the domestic market and the spread of the phenomenon of "monetary illusion" because there are "two currencies" old and new and Sastglha traders to raise the goods and prices of goods.
as well as the fear of occurrence of chaos in the Iraqi street and stand in a new queues at the gates banks to replace the current Iraqi banknotes with those of the new banknotes. Which will contribute to the emergence of speculators on the black market, taking advantage of the chaos that will arise from the process of the currency switch. As well as there are fears of counterfeiters and (mafias) money laundering and smugglers currency who will take advantage of the new situation in the "wash" the old Iraqi dinars counterfeit and replaced by new or smuggling of genuine Iraqi dinars out of the country for the purposes of terrorism and organized crime, which will lead to lethality economic security of Iraq .
* Do you think that the lifting of the zeroes will affect the economy and social stability?
- Yes affect by reducing its currency and thus will lead to the feminine Iraqi economy and facilitate the Iraqi payments system process and raise the value of the currency at least partially slow, and will affect the process in the creation of a worker and myself technician can play a positive role in strengthening the Iraqi dinar, provided that combined with a package of measures to take coordinated and good policies between monetary and fiscal authorities and other episodes concerned the economy.
http://journaliraq.com/%D8%B1%D8%A7%D8% ... 8%D8%A7-2/
JustinandDeb: Frankie!!!!! Mark this!!!!! Frame it!!!! Wow just wow!!!! J&D
Frank26: Yes indeed .......... FRAME IT !!!
Note Your CC NOTES:
THE CBI SURE IS TALKING A LOT
KTFA Frank...... They NOW BLOCK even DELTA!
SassyD: Planning a big MOVE???? ........... Americans Can't Wait To Get Out Of These Five States -- 01/08/2016 -- http://www.zerohedge.com/news/2016-01-08/americans-cant-wait-get-out-these-five-states
SassyD: Newsflash From The December 'Jobs' Report - The US Economy Is Dead In The Water -- 01/09/2016 -- Here’s a newsflash that CNBC didn’t mention. According to the BLS, the US economy generated a miniscule 11,000 jobs in the month of December. --- http://www.zerohedge.com/news/2016-01-09/newsflash-december-jobs-report-us-economy-dead-water
SAbickford: My life is like a romantic comedy except there is no romance and it's just me laughing at my own jokes
Being a man is being able to do what I want when I want and not having to … Hell She's coming!!! To be continued.
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Men - Be afraid of the quiet ones. They are the ones that actually think.
Tip to work more efficiently: Stand Up. Stretch. Take a walk. Go to the airport. Get on a plane to Key West. Never Return.
"Getting Lucky" means walking into a room and remembering why I'm here
Wouldn't it be great is we could put ourselves in the dryer for ten minutes: come out wrinkle free and three sizes smaller
The day the world runs out of wine is just too terrible to think about.
he biggest lie I tell myself…"I don't need to write this down, I'll remember it."
My People skills are just fine. It my tolerance of idiots that needs work.
I don't need anger management… I need for people to stop pi**ing me off!
Sometimes I roll my eyes out loud
I admit my level of weirdness is above the national average, but I'm comfortable with that.
Stop trying to change yourself with resolutions. Accept you’re a mess and move on.
If I was a JEDI there would be 100% chance that I would use the force inappropriately
Ignorance can be trained and Crazy can be medicated… But there's no cure for stupid.