Poppy3 ...THE WORLD BANK AND IMF HAVE STATED THEY (IRAQ ) MUST INCREASE GDP AND GROW ECONOMY TO SHORE UP THEIR FINANCIAL STABILITY.
TO ME THAT SAYS THEIR CURRENCY MUST INCREASE IN VALUE TO GAIN THAT STABILITY TO SUPPORT THE LOANS THEY HAVE ALREADY BEEN APPROVED ON.
RV PEOPLE NOW THATS A WHOOPOW.
Q: [doesnt a currency need to be "tradable " to float?]
BGG ...one would assume that is accurate... without a "tradable" value to others it would be a very weak "float value" indeed.
RXsales: Could we be waiting on this decision with China? Last week, IMF staff members issued a paper to the Executive Board stating that the renminbi, also known as the yuan, met requirements to be a "freely usable" currency, proposing it should be included in the organization's Special Drawing Rights (SDR) basket as a fifth currency, alongside the U.S. dollar, euro, British pound and Japanese yen. The organization's final decision on the issue is expected on November 30.
Bigox: I'm gonna take a guess and say its a communication problem between all these systems trying to sync - another clogged pipe - prob one of these countries that have been screaming GO GO GO! That's my guess
JersyBoys: Bruce stated on his call last night that there was an "issue" which China located and has now fixed and that was the delay.
[xyz] Abadi: Iraq will emerge from the financial crisis stronger He said Prime Minister Haider al-Abadi said Iraq will emerge from the financial crisis that is currently taking place in stronger, noting, we currently establish to strengthen the economy and lack of dependence on oil and we are on the right road. https://translate.google.com/translate?depth=1&hl=en&rurl=transm&sl=ar&tl=en&u=http://www.imn.iq/news/view.80269/
[freefall] The beginning to shabbi being brought back into public view of being the master mind at CBi. We need to see shabbi exonerated in public view before we get paid. IMO this sets the table. We should see more and more articles now exposing Maliki power grab of CBI http://ekurd.net/central-bank-iraq-deal-fraud-2015-11-18
[xyz] Governor of the Central Bank of Iran (CBI) Valiollah Seif said the country’s economy has the potential to grow by around 8 percent a year. http://www.tasnimnews.com/en/news/2015/11/18/920577/iran-s-economy-has-potential-of-8-growth-central-bank-chief
Sydneysam2: So if I am understanding correctly what Frank said on the 'dessert' part of the cc tonight, we will obviously make a great return with the IQD in the first basket ... and then be able to take that money and go and buy plenty of other currencies that will be in the second basket and make that much more return! I like that idea!! I honestly am a little surprised that our government would want that to happen, but hey, fine with me!!
Jr1353: Great question sydneysam2 .. I always thought (and heard) that the scenario Frank described (IQD in 1st basket, others later) would be "double-dipping", and this "double-dipping" somehow wouldn't be allowed . .. .. .. But, if that's the way this blessing will unfold, then to quote you (if you don't mind) "but hey, fine with me"
Walkingstick: The central bank is likely near the legislation and the law of bank deposits confirms: revive the national economy
Long-Presse / Baghdad
An informed source at the Central Bank of Iraq, on Wednesday, for "near the adoption of" the Law of the Parliament of bank deposits, and expected that this will contribute to "the return of confidence," Iraqi banks and the recovery of the national economy.
The source said, in an interview to the (long-Presse), said that "the Iraqi Central Bank already prepared a draft law on banking deposits nearly a year ago, in order to protect a deposit every customer puts his money in a bank," adding that "the project passed through the Council of Ministers to Parliament".
The source, who is familiar with, who asked not to be named, said: "The project was discussed about extensively with members of the parliamentary finance committee, and representatives of the Central Bank of Iraq, and reached the final legislative stages after the addition of points that will support citizens," noting that "the parliamentary Finance Committee promised Bank Central project being put on the agenda of the House of Representatives sessions schedule during the current month, to be discussed and voted on. "
The source added, that the proposed project will encourage citizens and owners of capital on deposit in banks after the assurance of protection insurance crisis of her loss, what will revive economic activity, "he returned to" re-establish law about great confidence to the Iraqi private banks. "
The Financial experts and economists, confirmed in (the 18th of September 2014 the past), that the volume of financial deposits owned by the operating banks in Iraq, whether governmental or civil reach up to 70 trillion dinars, and argued that the total of Iraqi private banks' capital increased from $ 30 million a year 2004, to one billion and $ 600 million year-end 2014 the past, except for branches owned by Arab and foreign banks operating in Iraq,
and the number of private banks operating in Iraq rose from 17 in 2004 to 31 year-end 2014, while the number of branches has increased in Baghdad and other provinces from a hundred to more than 600 branch to compete in the number and level of services Rafidain bank branches of government and governance.
http://almadapress.com/ar/news/59861/%D ... %88%D9%86-
Late Tuesday Night:
Iko Ward: So they set the evening at 5:37 instead of 8:00. And not they moved it up to 1090.4, probably an adjustment against the dollar. Think we'll get another poll in before 10PM?
JS86901: hi Iko what does all this mean?
Iko Ward: Expectant is how I interpret
OffGrid: IKO --- the IQD on Forex kept 'refreshing' all weekend, sometimes every 2-3 seconds when closed .... unusual to me ... did you see and agree?
Iko Ward: Off...I heard about that but I don't monitor on the weekend. Somebody said it's been happening the last 10 weeks.
Ger: didn't Tony say he would know of rv before we see anything on Forex?
Luvwolfs: ger yes believes it will stay off forex for a few days. It's the movement that we like
Godlovesyou: I am not getting my hopes up this is it......I just got some news that the RV and GCR happening.....could not be verified by another source that is not banned from here.......but......I am praying and hoping this is our week
Iko Ward: I think it has already gone, but we won't see the banks til later this week.
tman23 Article quote: "because all the accounts of the budget will be recorded in accordance with the new currency. "
IN WHICH CASE IS A STRONG POINT AND VERIFICATION OF WHAT WE HAVE BEEN SAYING...
THE APPROPRIATE TIME TO LIFT THE ZEROS IS AT THE START OF THE YEAR...NOT THE MIDDLE OF A QUARTER OR MIDDLE OF THE YEAR...
THOSE WERE SHABIBI'S WORDS...EXACTLY!
Smilin4dinar: I think I recall Frank talking about how the CBI would deny $ was ever missing after they 'busted' Maliki and his goons and returned the funds to the bank. ...... Hmmm I think this is another Ta Daaaa moment..
Walkingstick: CBI News & Announcements
(Statement) of the Central Bank briefed on the news published in the morning newspaper for the day on Monday, November 16, 2015 under the title (to investigate the disappearance of $ 10 billion from the central bank) and that's where the news about health shame altogether.
Walkingstick: Central Bank denies the disappearance of $ 10 billion
BAGHDAD / JD / .. denied the central bank news of the disappearance of $ 10 billion, while the request for the investigation in the matter of publication of this news.
The bank said in a statement / dinars / received a copy of it: the central bank briefed on the news published in the morning newspaper on Monday under the title ( to investigate the disappearance of $ 10 billion from the central bank), stressing that the news about health altogether shame.
He explained that the Governor of the Central Bank of Iraq contact network Iraqi flags and request an investigation into the matter of publication of this news, calling that envisages authorities media accuracy and credibility in the dissemination of news especially those published in the official media. / end / 22 /