Post From Dinar Updates
Chat Room Excerpts & Highlights
RCookie’s Wednesday Night News Time 6-22-16 Part 2 of 3
Newstime with Rcookie/Loop 6/22/2016
Hutch says():ANY QUESTIONS OR COMMENTS ?
watson1 says():i thought these loan they were to pay kuwait and the kurds
watson1 says():just going over my note over the last few weeks
rcookie says():THE IMF HAS STATED THEY WANTED THE $9 BILLION WAR REPARATIONS PAID OVER THE NEXT 3 YEARS....
AND KUWAIT HAS ALREADY KICKED THE CAN TWICE FOR THEM....SO I GUESS IT DOESNT HURT TO ASK....WE'LL SEE....
jimplants says():there is a business down here that makes armored cars and they have a massive order from Iraq SUVs that can take direct fire and keep going but their fuel milage suks
Hutch says to jimplants():I WANT ONE FOR OVER HERE !
rcookie says():THEY'RE CALLED THE CHICAGO MODEL.....
jimplants says():big nd black
rcookie says to jimplants():GREAT STUFF JIM!!
david334 says():These projects are funded by the companies bidding cause of high ROI
rcookie says to jimplants():WHICH ONES 334
Hutch says to david334():HES TALKING TO YOU..... COME ON NOW LOL
david334 says():Malls housing etc revenue generating projects this is not money coming from the IMF its companies \
rcookie says to jimplants():THESE DEVELOPMENT PROJECTS ARE BEING FUNDED BY DEV SIDE OF BUDGET AND PARTIALLY FROM IMF SBA LOANS...
rcookie says to jimplants():AND YES SOME SELF FUNDING IS INVOLVED...BUT AS YOU WILL SEE COMING UP THEY ARE MORE INTERESTED IN FUNDING THROUGH THEIR BANKS..
david334 says():Right but there is fiancial leverage at work from big global companoies
rcookie says():YES IT IS...SOME OF IT IS IN THE SBA LOANS...REPORT TODAY ABOUT THAT VERY TOPIC...
rcookie says():STAY TUNED...BOY HAVE I GOT THE GOODS FOR YOU!!!
rcookie says():IT IS UNFOLDING BY THE SECOND..
Hutch says():OK LETS MOVE ON, WHAT DO YOU GUYS HAVE NEXT IN STORE FOR US ??
rcookie says():OK ALL...LOOPSTER...WHAT JUICY JUICE YOU HAVE FOR US...
loop says):I am going to post two of the questions and answers from the Almada Press interview with the CBI Governor Alak. The entire article is very long and I am still working through the translation and will bring more in the future.
loop says():First the title.
loop says():Central Bank Governor "long": equality dinar dollar threatens local production and the deletion of zeros depends on stability
loop says():Question: There is a clear failure in the banking sector as a working old systems, mechanisms and sees specialists said that one of the reasons for the decline of the investment process in the country, the fact that foreign investors looking for a safe and advanced banking environment to facilitate his work and fast delivery and keep his money.?
loop says():Answer: Yes, it is regrettable that the banking sector we have is still in its infancy, far from the optimum international practices, and the use of the latest and best technology into the work, and the majority of the appropriate degree of fairness and transparency and governance are not available,
and far from the application of the rules of compliance and risk management and compliance requirements of the rules anti-money laundering, and that most of the private banks, was founded a few years ago, in exceptional circumstances and in front of exceptional challenges as well,
making it the plague on marginal activities to achieve a quick profit, such as selling the dollar, has been dominated by their governing bodies are managed and harnessed to their own interests, so it is in front of us way whatever to correct this situation, you will see the results during the year.
loop says():Read it carefully and use what you already know.
loop says():IF THE BANK SECTOR IS IN IT’S “INFANCY” IT WILL BE GROWING UP QUICKLY IF WE ARE GOING TO “SEE THE RESULTS DURING THE YEAR”.
WE KNOW FROM MANY ARTICLES THAT THE BANKING REFORMS HAVE BEEN IN THE WORKS HOW A LONG TIME NOW AND ARE FUTHER ALONG THEN WHAT ALAK IS ELLUDING TO HERE.
loop says():“the use of the latest and best technology into the work, and the majority of the appropriate degree of fairness and transparency and governance are not available,”
WE KNOW THAT LAST YEAR THEY UP GRADED THEIR BANKING INFORMATION TECHNOLOGY INFRASTRUCTURE TO BE ONE OF THE MOST ADVANCED IN THE WORLD
AND THAT PERSONNEL HAVE BEEN AND ARE BEING TRAINED ON THIS SYSTEMS. THESE SYSTEM GIVE REALTIME INFORMATION. I WOULD CALL THAT TRANSPARENCY FOLKS.
rcookie says():GREAT POINT LOOP....JUST LAST WEEK THE ANNOUNCEMENT OF THE 15 SPECIALISTS BEING CERTIFIED THROUGH SPECIFIC AML/CFT TRAINING!!..
loop says():WE ALSO KNOW THE COMPANIES SEEM TO BE LINING UP TO DO BUSINESS WITH THEM AS RCOOKIE JUST SHOWED US
rcookie says():ALL TO BUILD CONFIDENCE AND BRAND PEDIGREE...AND...
rcookie says():COME ON DU...
rcookie says():CLOSE...LOOP IS GOING TO TELL YOU THE MAGIC WORD...
david334 says():answered it myself
Hutch says to david334():YOURE GOOOOOD !
jimplants says():they are one of the FEW NATIONS that are Basil 3 compliant
loop says():Question: Project to delete the zeros Wayne now, why it did not apply private and it raises the value of the dinar.?
loop says():Answer: The project to delete the zeros still exists and we have a technical preparations in this area, but we are waiting for the stability of the general situation, because this is a great work when we need stability in addition to the stability in the development of institutions, in particular, what we can organize and manage the operation and supervision are not allowed with breaches or excesses.
loop says():The project to delete the zeros still exists and we have a technical preparations in this area!!!
loop says():LET’S CLEAN UP THE TRANSLATION A BIT.
loop says():THE PROJECT TO DELETE THE ZEROS STILL EXISTS AND WE HAVE MADE TECHNICAL PREPARTATIONS IN THIS AREA.
Hutch says to loop):I LIKE THAT ONE !!!
loop says():TO ME THAT IS SAYING THAT IT IS READY TO GO WHEN THE TIME IS RIGHT.
rcookie says():THERE IT IS!...THAT MAGIC WORD...
loop says():HERE’S THE NEXT PART
rcookie says():AGREED LOOP....
loop says():but we are waiting for the stability of the general situation, because this is a great work when we need stability in addition to the stability in the development of institutions
loop says():WE KNOW THAT THE BANKING SECTOR IS FURTHER ALONG AND THAT THE MONITORING, AND OVERSIGHT IS HAPPENING THOUGHOUT THE FINANCIAL SECTOR.
WE SEE EVIDENCE OF THIS IN INK ON THIS ALMOST EVERY DAY NOW.
WE ALSO KNOW THAT THE DEFINITION OF STABILITY THAT THE IMF AND WORLD BANK ARE LOOKING FOR MAY NOT BE THE SAME THOSE OF US FROM THE USA WOULD DEEM AS STABLE.
loop says():SO BY STABILITY THEY ARE NOT REFERRING TO WHAT I AM USE TO.
rcookie says():AND THE INSTITUTIONAL STABILITY ARE TE VERY ACTIONS LOOP WAS JUST TALKING ABOUT...
rcookie says():THAT INTERVIEW WAS VERY LONG...BUT CHOCK FULL OF INCREDIBLY TELLING INFORMATION...
loop says():WE know from the ink over the last 6 months or more that there are much more stable institutionaly then some would have you believe.
loop says():It would take a full Newstime to go through and do it justice.
rcookie says():I THINK WE SHOULD BREAK THAT WHOLE THING DOWN FOR A NT...
loop says):Im in if you are.
SRW says):So, why is Alak making the above statements?
angus says():the IMF would not be going to give them loans if they felt they were unstable would they?
loop says():IMO ALAK is doing what he is being told he can do.
loop says to angus():I agree 100%
Aria says():What is Long Presse.. pls
rcookie says to SRW():HE IS SPEAKING AS TO THE DISPOSITION OF THE CBI...BANKING SECTOR...ECONOMY AND FINAANCIAL REFORM FOR CONTEXT OF THE INTERVIEW....
SRW says():Thank You!
loop says to Aria():It is one of the bigger news outlets in Irag
Aria says to loop():TY Loop!
Hutch says():THANKS LOOPSTER FOR ALL YOU DO FOR US ALL !
loop says to SRW():I think he does a great job in this interview.
rcookie says to loop():AGREED!!...