Rrrr: St. Paddy’s Day is Here, Top of the Mornin’ to ye!. The Color of the Day is Green, and me’s thinkin’ ye knows what dat means’…
May your pockets be heavy and your heart be light, and may good luck pursue ya each mornin’ and night.
For there’s a grand, special Shamrock, we call thee RV… and she’s a bustin with beauty for all of ya’s to see…
So May the road rise up to meet ye, may the wind be always at your back, cuz after this Day... your needs will suffer no lack.
For each petal on the shamrock, This brings a wish your way - Good health, good luck, and happiness For today and every day
Iko Ward: Guys, the moment you try and point at any one thing being the holdup you are setting yourself up for disappointment. It is always a number of things and in different combinations but each day the focus narrows and the list gets shorter. It is coming, and coming soon.
TDooly: This RI within Iraq but NOT outside does not make sense. If one Dinar is worth $3.91 within Iraq, but only worth $.0086 outside, then why would not everybody be buying IQD as fast as possible which would be very harmful to Iraq? Who does it make sense to??
RnR: tdooly Over there for them its old dinar for new dinar. For us it will be old dinar for USD. We will be millionaires because we have the advantage of accumulating millions of dinar while the USD is worth 1,116 times their CURRENT value.
They are only swapping old currency for new currency and their purchasing power doesn't really change. That's the key!
a dinar will not be worth $3.91 inside Iraq until ALL prices change. In other words, all that is happening is that for every dinar an Iraq is owed they are getting roughly .26 dinar credited to a Qi card (note: .26 dinar per 1 USD equates to a OUTSIDE rate of $3.91).
So tell me, until prices change what is an Iraq going to do inside the country with .25 dinar? Today it takes 1166 to buy a Coke. It's not them getting $3.91 US. Its handing over 1166 dinar and getting back .25 dinar.
TDooly: RnR, It was said on the call that merchants had changed the prices to reflect the $3.91, as I recall, so a coke would cost approx the .26 Dinar that you mentioned for some people in Iraw but still 1166 for others!!!!
RnR: tdooly I agree, and this is what may be confusing. If merchants change their prices, then they would ONLYaccept either (a) payment via Qi card; or (b) payment with lower denoms. I would not accept any 50, 250, 500, 1K, 5K, 10K, or 25K note if my prices changed.
TDooly: The good news is: This cannot last much longer inside Iraq. For example, if the merchant brought more "coke" it would cost him 1166 IQD, but he sells for .26 IQD!!
CJ101:There are 19 provinces in Iraq: http://en.wikipedia.org/wiki/Governorates_of_Iraq
DaraDee: Thank you- 19 Provinces- just wondering if Ababdi and Shabibi want to slowly pay them all out before RV? that could possiblly take some time - it is in their hands
NewCreation: Yes, 19, and all do NOT have to be paid out prior to an RV.
Newcreation : wooohooo Urgent: PM prepares for Economic Reformations
OK ROCKS: My new mantra is "in process" What I am really looking forward to is those big Red letters stamped on my forehead: PROCESSED! ...... next!
HAPPY ST PATTY'S DAY! AND THE WEARING OF THE GREEN!
PREPARE TO BE ACTIVATED AND PROCESSED! YES, ACTIVATE ME BABY!
Urgent: PM Abadi prepares for Economic Reformations Tuesday, 17 March 2015 12:19 |
Baghdad (AIN)-A source from the Prime Minister Office revealed that the PM Haider Al-Abadi is preparing for economic reformation and simultaneously supervising the Command of Security Operations directly to liberate all the towns of Iraq which are invaded by the terrorists of the ISIL.
Baghdad (Forat) –A source at the Prime Minister's office confirmed that PM, Haider al-Abadi, promised to conduct economic reforms by consolidating and activating the private sector. /End/
AND THEN UPDATED .....
PM to conduct economic reforms supporting private sector
Baghdad (Forat)-A source from the Prime Minister Office revealed that the PM Haider al-Abadi is preparing for economic reformation and simultaneously supervising the Command of Security Operations directly to liberate all the towns of Iraq which are invaded by the terrorists of the ISIL.
The source told Alforat News Agency "Abadi is now stepping some steps, the first one is to liberate the invaded towns by the ISIL, then rebuild them and getting the families back their home, the second one is putting a strategic economic plans to improve the difficult life of the people through activating the private sector, the governmental companies, the agricultural field, benefiting from the livestock resource and other investment projects, the last one is the reformation in the governmental institutions and buildings through facing the corruption and introducing the best service to the citizens."
The source added that "There are many challenges that face the country, security and financial which can be seen in the decrease of the income but Abadi insists that the country will cross this difficulty through putting many strategies to all sectors whether financial or military because he is the leader of the armed forces."
"Abadi works day and night to put the country on the right line because of the previous heavy accumulations and also tries to get rid of them hoping positive affairs for the people in the following days," the source continued.
"Abadi continuously meets with the cabinet encouraging them to introduce reformations the he wants and closely monitors the work of the ministries and the institutions," the source confirmed.
"It is an invitation to cooperate with Al-Abadi to settle the political, security and finical difficulties to move to the rebuilding and citizens prosperity," the source concluded. /End/
T: They have started from the outside in, with Baghdad being the center. We would have expected it the other way round, with Baghdad first, but they are doing it in the provinces first. We know it was supposed to go Saturday night, and we expected to have a great weekend, but they didn’t get that far.
DC: That’s right, they said they wanted to get a bit further along in the provinces. This is driving the rest of the world crazy, and the contractors also don’t get why they are being paid at one rate here and another rate there. They are being cautious, to make sure it comes off right. I would argue that as an engineer, Abadi is walking very slowly, together with Dr Shabibi. We are taken about by how methodical and how slowly they are doing this, but it’s their country.
DC: we are not waiting on anything for the RI. They have already started the process
rrrr : May you have: A world of wishes aIt your command. God and his angels close to hand. Friends and family their love to impart, and Irish blessings deep in your heart! May the Irish hills caress you. May her lakes and rivers bless you. May the luck of the Irish enfold you. May the blessings of Saint Patrick behold you.
rrrr : May you live a long life, full of gladness and health. With a pocket full of gold, as the least of your wealth. May the dreams you hold dearest, be those which come true. The kindness you spread, keep returning to you. May the friendships you make, be those which endure; and all of your grey clouds, be small ones for sure. And trusting in Him, to Whom we all pray; May a song fill your heart, every step of the way.
Topic: HAPPY ST. PATRICKS DAY TO EVERYONE! May everyone have good luck today!
Danny S. March 17, 2015 at 10:56am Happy St. Pat's to all! Since all feed problem msg.s removed from ISX site and functionality appears to be fully implemented, I'm trying to figure out how a share of stock can be priced at .45 or .58 dinar without an RI..... talk about penny stocks!
KayKay > Danny S. Very telling, Danny. Thanks and good morning to you!!
jetdriver2 > Danny S. Good question! Unless I am missing something, this could be very significant.
G T March 17, 2015 at 11:08am Surprise, Surprise, Surprise....
Statues destroyed by Islamic State in Mosul 'were fakes with originals safely in Baghdad'
Flash Gordon March 17, 2015 at 11:52am
U.S. May Revoke Settlement Agreements in Currency-Rigging Probes
(Bloomberg) 3/17/2015 --
U.S. prosecutors investigating currency manipulation are considering revoking years-old settlements and prosecuting banks for rigging interest rates, according to people familiar with the matter.
The Justice Department is weighing whether evidence of wrongdoing in currency trading means banks violated old deals resolving probes into the rigging of benchmark interest rates that included promises they wouldn’t break the law, said two people, who asked not to be identified because final decisions haven’t been made.
The Justice Department can tear up the deals if it finds the banks committed any crime after they were negotiated. The agreements, which are similar to putting banks on probation, leave the institutions exposed to criminal charges if they are revoked.
Deferred prosecution and non-prosecution agreements, as they are called, have been widely used by the Justice Department in recent years in investigations ranging from sanctions violations to market manipulation. A decision to revoke such a deal with a bank would be unprecedented.
Such settlements require the banks to admit responsibility and cooperate with ongoing investigations. Critics including Securities and Exchange Commission Chair Mary Jo White, who pioneered such agreements, argue the deals have been overused and don’t curb misconduct. The Justice Department defends the settlements, saying they force banks to correct wrongdoing and allow oversight.
The Justice Department “now understands that these deferred-prosecution agreements don’t always work and there have to be serious consequences if companies don’t take them seriously,” said Brandon Garrett, a law professor at the University of Virginia who has studied the agreements. “I think DOJ understandably is frustrated and thinks enough is enough.”
Barclays Plc, Royal Bank of Scotland Group Plc and UBS Group AG signed these sorts of deals to settle probes into rigging the London interbank offered rate, or Libor
.UBS and Barclays reached their settlements with U.S. prosecutors in 2012 to settle interest-rate rigging claims, while RBS’s was finalized in 2013.
In the June 2014 agreement that extended Barclays’s non-prosecution agreement, the U.S. said it’s reviewing whether the bank’s trading in foreign-exchange markets between June 2012 and June 2014 violated the 2012 Libor settlement.
Spokesmen for the banks and Justice Department spokesman Peter Carr declined to comment.
Leslie Caldwell, the head of the Justice Department’s criminal division, said in a speech Monday that the U.S. is prepared to tear up settlements and charge banks for conduct covered by the settlements.
“Where banks fail to live up to their commitments, we will hold them accountable,” Caldwell said. “The criminal division will not hesitate to tear up a DPA or NPA and file criminal charges.”
Caldwell, who didn’t name any banks at risk of having their agreements revoked, said that a breach could lead to additional monetary penalties and charges based on the conduct covered by the agreements.
The Justice Department has been investigating alleged manipulation of currency benchmarks for almost two years and is pressing to resolve the probe with settlements that include guilty pleas from some of the institutions and penalties of roughly $1 billion for each bank, with some being asked for more and some for less, people familiar with the negotiations have told Bloomberg News. The government also has said it is preparing cases against individuals.
The U.S. is negotiating with Barclays, Citigroup Inc., JPMorgan Chase & Co., RBS and UBS to resolve currency-rigging allegations, the people have said.
The department is pressing some banks to plead guilty to charges that traders colluded to rig currency benchmarks using chat rooms with names such as “The Cartel.” That case is more advanced than a parallel inquiry being conducted by the fraud section, which is examining whether banks misled clients about pricing of currency transactions, a person familiar with the matter has said.