Reklaw :Good Afternoon, Mr. 26! I was wondering one thing though...'in the 'olden-days' of our studies of the MR, it was always stated that this would not be one cent above KW. Was that when we believed it was going to RV immediately or am I missing something here?
Is it because the 'players' have changed or has the 'game' changed? Any input from the KTFAlways Family would be appreciated.
Frank26: A LAVA FLOW is never constant nor predictable ......... It is of its own propagative pace and especially ............ Directional Change.
I have no problem with their ............ Improvements.
Last CC.......... The CAPPED RV will be higher than KW.
Aloha Friend KTFA Frank
Walkingstick: Central bank: publishing Chalabi damaged the investigations of money laundering and the cooperation of other countries with us
Baghdad-Iraq-Presse -22 November: The Central Bank of Iraq, on Sunday, to continue to investigate the corruption files uncovered by the late Ahmad Chalabi, while noting that the early dissemination of damaging investigations.
Keywords and said during a press conference held at the bank building, said that "the central bank had hoped to be files that were published for the late Ahmad Chalabi secret because they are issues related to money laundering and disseminate the detriment of cooperation with other countries," stressing that "there are memorandums of understanding signed with some countries not to publish these documents until fully verified. "
He added Keywords, that "the central bank continuously checks for all files and face inquiries and calls for a government different and some of these inquiries years ago," noting that "there are circles sent their answers and some have not yet been received and files that were published we have investigated and Grmena different banks."
He announced the Supreme Judicial Council, on the tenth of November this, for receiving the documents Chairman of the Finance Committee of the late Ahmad Chalabi, and decided to form a body investigative jurisdiction to consider those documents, pointed out that the public prosecutor will appear before the investigative panel to express his requests and Almtabah.anthy (1)
Walkingstick: Integrity open modern and ancient central bank files in search of a $ 500 billion "hidden"
Baghdad-Iraq-Presse November 22: revealed the parliamentary integrity committee, on Sunday, for the disappearance of $ 500 billion from the Central Bank of Iraq.
A member of the Integrity Committee, MP Adel Nouri, said in a statement, "There are five official regulators monitor the work of the Central Bank of Iraq, established by the State since 2005 to follow up on violations and manipulation of public money."
He added that "nearly 500 billion dollars disappeared from the Central Bank of the existence of these committees," stressing that "the Commission will review the old and new files of the bank will be monitoring the performance of the executive institutions of the Iraqi state."
Nuri pointed out that "to the Integrity Committee will refer those responsible for the manipulation of public money to spend and will follow up the work of the judiciary so as not to accumulate files in the corridors, or the orientation of favoritism Tjt corrupt."
The Iraqi prime minister, Haydar al-Abadi, instructed in (16 November) the current, open an urgent investigation the disappearance of 10 billion dollars from the Iraqi Central Bank reserves under the previous government, which is chaired by Nuri al-Maliki.
Economists believe that the government of Nouri al-Maliki, the administrative and financial corruption and policies that prevailed in his two terms caused the "bankruptcy" of the Iraqi treasury, and resulted in economic and security difficulties still experienced by Iraq in spite of the reforms initiated by his successor, Haidar Alebadi.anthy (1)
Tennwolfman : My WM is at the bank 5 days a week-we speak no less than 3 times a week-from what she has told me and from the info she finds out---I am very excited and no one in here is going to change my mind or attitude
Four2atous: BLOOMBERG RANKINGS THE WORLD'S HEALTHIEST COUNTRIES= http://images.businessweek.com/bloomberg/pdfs/WORLDS_HEALTHIEST_COUNTRIES_V2.pdf
Pebbles: Central bank: an existing project to delete the zeros and the issuance of 50 thousand came to structuring currency
The governor of the Iraqi Central Bank on the Keywords, Sunday, that the project to delete the zeros of the existing currency, pointing out that the issuance of 50 thousand dinars category came to structuring currency and do not affect inflation and rising prices.
Keywords and said in an interview, said that "the project to delete the zeros of the currency is still exists, but the administrative conditions are not favorable for its implementation so far, "added Keywords, that" issuance of 50 thousand dinars came to structuring currency, the fact that the 25 A category is no longer suitable for trading compared to the monetary mass in circulation, "explaining that" the new category Stsuhal process and conversion transfer by banks and citizens.
"He stressed the Keywords, that" 50 thousand dinars class does not affect the inflation and rising prices, because the released are compared to the damaged currency.
"The Central Bank of Iraq announced on Sunday (November 15, 2015), that the issuance of 50 thousand dinars category enables it to delete zeros from the currency, and among it will reduce the demand for the dollar, he noted that the new currency not related to the financial crisis. SOURCE
Q: [IYO when those lower denoms hit the street, would a new rate already be established, or would that come a bit later? Or would it possibly come before they release the lower denoms?]
wmawhite: Excellent question...Let me ask you...if a 1 IQD coin has a value of $0.00086...why would it be put on the street today?
It wouldn't...Same with the other new notes/coins.
The Iraqis will not see them until well after the value of the IQD increases dramatically.
IMO...I will be on the beach in St. Thomas by the time the LDs are fully in use.
Here is something that came out today:
"He pointed out that (the central bank next year will present another new currency worth 100 000 dinars and then followed the process of deleting the zeros currency in circulation is to be one dinar and 5 dinars and 10 dinars and 25 dinars and 100 dinars)."
What does this tell me? This tells us that members of the Finance Committee know that the CBI plans on issuing a 1 IQD coin/note.
Why? But 1 IQD only has a value of $0.00086.
So why plan on putting something of such low value on the street? Why?
Because, as the IMF has told us...Iraq will re-enter the global market by...When? Prior to the first half of 2016.
Keep this straight...the international value changes first...3 to 6 months later the price of goods inside Iraq begin to decrease...then the LDs start to be put on to the streets for use.
But we are gone/exchanged at the beginning...because we are concerned with the international exchange rate.
The plans for LDs just tells us that Iraq will have a much greater value to the IQD. ...we tend to get caught up in the currency...when that is germane to Iraq...all we are looking for is the IQD re-enter the markets.