Poppy3 LOTS GETTING DONE.
INTERESTED FOR SURE IN...THE PRIVATE CLOSED DOOR MEETING TODAY [WEDNESDAY] AND PARLIAMENT MEETING TOMORROW [THURSDAY].
QUESTION IS HOW MUCH PROGRESS AND WHAT IS THE REASON SENIOR WORLD BANK EXECUTIVES ARE IN ATTENDANCE.
AS WE KNOW TEMPORARY HCL IS IN PLACE AND A SPECIAL GROUP HAVE BEEN STUDYING A PERMANENT SET OF HCL RULES INCORPORATED WITH OTHER LAWS OF PROTECTION FOR ALL.
wmawhite Regardless of how this is going to roll out...it is good to understand that most of us believe we are closer than ever before.
Awake-in-3D: May 7, 2015 at 1:22pm A quick study of Romania's "drop the zeros" redenomination a few years ago (I was there in RO when they did this) will shed light on what Iraq is doing with their currency.
Romania had two sets of note denominations circulating in parallel for a period of time before decommissioning the high zero notes.
Although RO did not RV their currency as Iraq will do, the co-mingling of the two sets of low and high zero notes tells the tale of what Iraq is likely doing with their notes today.
This should settle the debates regarding the new 50,000 IQD note versus a 50 IQD note (and also the reported 250,000 (or 200,000?) IQD note... happy trails folks. There's a method to this perceived madness. :)
R.V./GCR: May 7, 2015 at 2:02pm Need for special holiday is now lets all be friends… RECONCILLIATION COMING …..NEXT YOUR CURRENCY EXCHANGE
Llcole: IF IRAQ WANT THIS BAD AND US SAID GO AND DO IT WHY WAS IT NOT DONE LAST NIGHT???????
Ingenious1; lcole - good point, no clue.. I'm so exhausted from trying to figure out the reasons - none of the reasons make sense to my limited thinking lol...just want to see the RV already
Billybob164: Ing/Lic: I think it is kind of like a NASA Rocket launch; they find a problem; it gets fixed; then they have to start the entire launch countdown sequence again; THAT is the big time consumer
JCNoble: billybob after over 100 launch attempts you would think that actual glitches have been worked out, not the contrived ones though : )
scarlet2575 :Thunderhawk do you think the Dinar will RI/RV before the dong ? Thanks
Thunderheart: Evidence shows odds tilted in favor of both going at the same time.
Speculatively - Highly Probable. IMO
It be very interesting to see what Abbot Downing's swift screens are saying at this time about the DONG ...
Walkingstick: Janabi: Bremer stole "20" billion dollars from Iraq
Janabi: Bremer stole
MP for the National Alliance Adnan al-Janabi, Thursday, need to form a body in conjunction with the Commission to recover the money that fled the country to the outside because of corrupt deals, noting that the US government was stolen in the time of Paul Bremer, from 17 to 20 billion dollars of Iraq.
He said al-Janabi, in a press conference held in the parliament building in the presence of a number of deputies from the coalition, "The House of Representatives already has in the previous session to form an investigative committee, but its work has been hampered by one of the presidium members of the former in the field of the Commission allocations we have provided in our proposal yesterday to be authorize an international consulting firm to assist it in check this complex and extended from 2003 until things today. "
He added that "the government has already announced its desire to form office to follow up on corruption. This is met with great welcome, especially from Vice President Iyad Allawi has recommended that there should be a global point of assistance for this office in the fight against corruption and the detection of the previous files and including that the audit is of the duties of parliament, oversight over the executive authority must be working this through the House of Representatives. "
Janabi said that "the interim government, which completed its work in 2005, headed by Ayad Allawi has worked to provide the final accounts have for the 2004 budget in a few period did not exceed months at a time when we see it today, after ten years, we have received the final accounts for the 2005 budget and this means that the state was working throughout that period without final accounts. "
He continued that "in 2005 I was Chairman of the Finance Committee in the National Assembly were approached BSA to submit a report on transactions that have been made in the DFI and Iraqi government accounts was the US administration was formed in the time office checked and completed its work about two years ago but he was unfortunately verified the Americans accounts and it not on the Iraqi government accounts has actually referred to a number of trials and the Americans did in Iraq, we need such offices so stolen money that the US government at a time when Paul Bremer was where suspicions of corruption ranging from 17 to 20 billion dollars. "
MP for the National Coalition pointed to "the previous Commission, which was headed by Ahmad Chalabi, and that did not complete its work due to non-allocation of funds have also diagnosed suspicions of corruption at about $ 40 billion and perhaps those suspicions greater or less be and we are convinced that all blocs in parliament will support the formation of such Thus Commission and give it adequate powers until we finish this file you follow the Iraqis and Avkdna lot of money in order to return our money and to hold corrupt and bring them to the courts. "
Janabi stressed "the need to form a body in conjunction with the Commission to recover our money, who fled abroad because of these corrupt deals."
ThunderHawk :Iraq introduces a coin 50 thousand dinars category
Baghdad Arab New
Parliamentary sources and others close to the Iraqi Central Bank, said that a government committee concluded that a competent decision new cash paper currency printing of fifty thousand dinars category ($ 42), in light of the challenges facing the Iraqi dinar and the strength of local and global market.
Member of the Committee of Economy in Parliament, Nora Albjara, said in a press conference, on Wednesday, that a specialized committee formed from the central bank, decided to cancel the idea to delete the zeros of the coins from the category of thousand dinars and 10 thousand dinars; as an option taken previously to combat inflation, and the challenges of the Iraqi currency, due to market instability and put the dinar himself that is constantly declines against the dollar.
She Albjara, the Committee decided instead to print a new financial category worth fifty thousand dinars. The highest category of cash in Iraq is twenty-five thousand dinars paper, known red paper. And suffering Iraqi citizens, private traders, the question of buying and selling, where usually carry three large bags of Iraqi currency cash to buy a mid-priced car. And requires the purchase of a TV at a price of half a million dinars tote bag or an average citizen to own a large enclave, he can put the money from him if the amount of class thousand dinars or 250 dinars cash currency.
Albjara confirmed that "the bank in order to print one hundred thousand dinars category until further notice, until the end of print the fifty thousand dinars class project."
In another context, a source at the Central Bank said the "new Arab:" The government has started negotiations with the World Bank for a loan worth $ 800 million to fill the state in the general budget shortfall for the current year; and the resulting drop in oil prices. The source, who asked not to be named, said: "The World Bank is reluctant subject, but we will provide various guarantees to them."