BGG & Chattels
1203 was the market price reported yesterday, it is 1201 today...less is more and closer to the 2% variance supposedly desired by the IMF . Wow!! More good news. That is big. First time that has happened. The published "market rate" is what is dropping - not the 1166 (auction rate)...
the fact that the market rate and auction rate are getting closer together is pretty good news...this is one of the precursors put forth by the IMF before Iraq can gain entrance to article 8 - and international acceptance.
first two days it is realistic...which doesn't absolutely mean it will happen tomorrow - just that it CAN.
[So they are now in compliance or close to it?] as I understand it - today they are. I would suspect the IMF wants to see some stability at such a marker - JMHO.
EXOGEN > August 27, 2014 at 9:42am the rates are on banks screens RIGHT NOW!!!!!!!!!
june carrieri > EXOGEN August 27, 2014 at 9:47am administration hold?
EXOGEN > August 27, 2014 at 9:47am The Zim went live for the First Time yesterday and people went to EXCHANGE while it was live but the bank could not unlock as new xxxxxxxxx software system has codes. We can post what rates are on here DAILY if we wanted to. Even Hourly. But it means NADA until you are in the bank so we do not do it. Others by the time they got to the bank it was back on Administrative Hold
EXOGEN > August 27, 2014 at 9:48am Why do you think this is first thread EVER starting with a Zimbabwe flag (HINT HINT)
wilbur grodan August 27, 2014 at 8:13am
Ag up a little
USDX down a little more
WEDNESDAY is over for 60% of people
wilbur grodan August 27, 2014 at 8:50am
USD prices of commodities continue to rise
BRICS development currency complex waits
Au up a little overnight
DesertDawgWA > August 27, 2014 at 9:00am
The reasons why it not has happened;
1. The new PM has not been sworn in.
2. The ministers of the cabinet have not been named.
3 The new Govt is not fully formed and seated.
Until all of that happens there will be NO RV.
Tues night update Posted by Zara spook on August 26, 2014 at 11:30pm
Hey guys! Just going to give you a brief update to where we are at the moment. A lot has happened in the past couple of days. Iraq is ready! Their PM is seated as well as the GOI, all we are waiting on is the formal announcement.
Abadi has postponed this announcement twice now but hopefully will announce publicly on Wednesday. The CBI and the IMF both are ready to roll out the RV and the GCR. There are many countries coming to Iraqs aid in the defeat of the ISIS organization.
I think this statement is one of the most important statements of the day! Being said that, the US sees that these countries are willing and very well capable of providing Iraq support. This could very well be a turning point for the US! The US is under extreme pressure from Iraq, IMF, and a few other countries, (china being the main country) to stop the stalls and release this to the world!
With all the information floating around, it's hard to believe who is telling the truth. Well, let me try and explain a little more. 9 out of 10 gurus provide you with updates each and every day. Just bc someone says that it's going to pop tonight May or may not be true.
I know that a few guys have called it the last few days and it actually was suppose to be released, however, the US found a way to stall once again. This has happened two different times in the past 5 days.
I personally feel this will continue till made to do otherwise, however, I do think if the RV and the GCR is released it will be within the next two weeks.
There's just so much great info floating around and very little negativity! Let's all hope that the US will get on board soon and bring this to an end!
The good from this well outweighs the bad 1000 to 1.
Topic: The higher you reach, the further you climb.
rrrr :Could this finally be over? Could this long ride be almost done? We have waited so long. So hardened we’ve become. Friends and Family have often called us insane. But we have always stayed the course, despite their disdain. I see the proverbial light, at the end of the tunnel. Where all the delays and frustrations can finally be funneled. The Light’s getting Brighter with each passing Hour. Our moment is upon us Dinarians. Our dreams will soon Flower
Warrior7: THIS COULD BE A POSSIBLE COVER UP TO EXPLAIN ALL THE MONEY PEOPLE WILL HAVE WHEN THE RV HAPPENS. http://www.infowars.com
walkingstick » August 27th, 2014, 8:55 am 27 August 2014 Last updated at 07:30 ET
IMF's Christine Lagarde 'under investigation'
French authorities have formally opened a negligence investigation into Christine Lagarde, the head of the International Monetary Fund (IMF).
She has been questioned about her role in awarding 400m euro (£318m; $527m) in compensation to businessman Bernard Tapie in 2008. She denies wrongdoing.
Ms Lagarde, 58, was finance minister in President Nicolas Sarkozy's government at the time of the award.
Mr Tapie supported Mr Sarkozy in the 2007 presidential election.
He was once a majority shareholder in sports goods company Adidas but sold it in 1993 in order to become a cabinet minister in Francois Mitterrand's Socialist government.
Mr Tapie sued Credit Lyonnais over its handling of the sale, alleging the partly state-owned bank had defrauded him by deliberately undervaluing the company.
His case was later referred by Ms Lagarde to a three-member arbitration panel which awarded the compensation.
Investigators suspect he was granted a deal in return for his support of Nicolas Sarkozy.
Ms Lagarde said last year that her decision to refer Mr Tapie's long-running dispute with Credit Lyonnais to a panel of judges was "the best solution at the time".
Although being placed under formal investigation does not necessarily lead to charges, the development could raise questions about the rest of her term at the IMF, which is due to end in 2016.
She told AFP news agency she had no intention of resigning from the IMF.
Ms Lagarde replaced Dominique Strauss-Kahn as IMF managing director in 2011.
Mr Strauss-Kahn - also a former French minister - resigned following his arrest in New York on charges of sexual assault that were later dropped.
August 27, 2014 10:58 am
IMF’s Christine Lagarde placed under formal investigation
Christine Lagarde, head of the International Monetary Fund, has been placed under formal investigation by a French court on suspicion of “negligence” in a political scandal dating to her time as finance minister under former president Nicolas Sarkozy.
The case stems from allegations that an arbitration process that awarded €400m in 2008 to controversial businessman Bernard Tapie to settle a commercial dispute with the state was rigged because of his support for Mr Sarkozy in the 2007 presidential election.
Ms Lagarde has always protested her innocence, denying any improper role in the arbitration process, which she says was independent and in the best interests of taxpayers. In a statement to the AFP news agency on Wednesday, she said that she had instructed her lawyer to appeal against the decision to place her under investigation, which is “without merit”.
“After three years of procedure, the sole surviving allegation is that through inadvertence or inattention I may have failed to intervene to block the arbitration that brought to an end the longstanding Tapie litigation,” Ms Lagarde said.
Her spokesman told the Financial Times she had been placed under formal examination after 15 hours of questioning on Tuesday by France’s Court of Justice of the Republic, which has been investigating her role in the case. It was her fourth appearance in front of the judges.
The spokesman added that the charge was relatively minor but one that nevertheless carried a maximum penalty of one year in prison and a fine of €15,000 if convicted.
Being placed under formal investigation signals that the court believes there is evidence of a crime but does not always lead to charges being brought.
The spokesman said that Ms Lagarde would not resign from her position at the IMF. He said she was returning to Washington and would convene a meeting of the IMF board to brief them on the case, in which she had hitherto been treated only as a witness. The board has so far supported her.
The so-called “Affaire Tapie” has enmeshed several other high-profile figures in French politics, including Mr Sarkozy’s former chief of staff and Stéphane Richard, Ms Lagarde’s former chief of staff at the finance ministry and now chief executive of Orange, France’s leading mobile phone network operator.
Mr Richard and others are being investigated by a separate court as part of a parallel probe.
Christopher Baker, a member of Ms Lagarde’s legal team, said that the commission of the court had six months to study her appeal.
He said that if it rejected that appeal, Ms Lagarde would then take her case to France’s Cour de Cassation, France’s highest judicial authority, which would be likely to take at least another year to reach a conclusion.
“We will fight this decision,” Mr Baker said. “And we will fight for a couple of years.”
He added that the next stages would not be a tax on Ms Lagarde’s time as it would be handled by lawyers. “The next two years will be a legal procedure in which Ms Lagarde’s personal involvement will not be required,” he said.
The case centres on investigations into suspicions of organised fraud linked to the €400m that the French state awarded Mr Tapie to end a dispute dating back to the 1990s. Mr Tapie alleged that he was defrauded by Crédit Lyonnais, the now defunct bank, over the sale of sports equipment company Adidas, which he owned.
Residual assets of Crédit Lyonnais were held by the state following the bank’s own collapse. Jean-Marc Ayrault, then leader of the Socialist opposition in parliament, and later prime minister under President François Hollande, was among those who instigated the court action, alleging that the arbitration had been rigged as a pay-off to Mr Tapie.
Mr Tapie – a controversial character with a career including television presenter, singer, businessman, government minister and even owner of a cycling team that twice won the Tour de France – has vehemently denied socialist claims that he worked with the Sarkozy administration to manipulate the arbitration process as a reward for backing Mr Sarkozy in his 2007 presidential campaign.
Ms Lagarde, who was finance minister at the time of the settlement, has undergone many hours of questioning by the Court of Justice of the Republic, which deals with cases of alleged ministerial wrongdoing.
In May last year, following 25 hours of interrogation, the court placed Ms Lagarde under the status of an “assisted witness”, stopping short of making her an official suspect – until this week.