Post From Wealthwatch.world Chat
DT N AZ: Looking in new posts this morning it appears Allawi is a little pissed, lol
sczin11: LOOKS LIKE THE SHIA CIVIL WAR MAY BE A HAPPENING...
DT N AZ: WHAT??
sczin11: I FOUND ANOTHER RELEASE I AM TRYING TO VERIFY BEFORE BRINGING IN...
GJMAN: ‹@sczin11› so a civil war within the Shia's? I hope the hardliners loose
OOTW: HIYA EVERYONE I'M DIGGING THROUGH THE NEWS
DT N AZ: A civil war is not good at all in any country, especially in Iraq right now
sczin11: ‹@DT N AZ› I WAS JK, NOT A REAL CIVIL WAR, WITH GUNS AND LOSS OF LIVES, INTERNAL CONFLUCT IS ALL
DT N AZ: oh ok wow, don't scare me like that
OOTW: OKAY NOTHING OFFICIAL OUT YET ON THIS
OOTW: BUT I FOUND THIS
OOTW: Governor of the Central Bank proposes to abolish the bank auction to sell the dollar and suspended customs duties
OOTW: History of edits:: 21.6.2015 17:23 • 62 visits readable [Image: story_img_5586bdbc6f930.jpg] Governor of the Central Bank of Iraq and the Agency on the Keywords proposed eliminating private bank auction sale of foreign currencies including the US dollar to save the exchange rate against the Iraqi dinar.
According to a parliamentary source familiar, he told all of Iraq [where], that "Keywords explained through hosted today in the parliamentary finance committee, that he has solutions studied with specialists in order to ward off any risk and prevent the increase of the dollar exchange rate, which the central bank output from the sale of the dollar,
and edit price without any limitation and sell it to anyone who wants to buy it, because there is a reserve in the bank responds to any request with the restriction of sales instructions and controls but this is what the Bank can not be done. "
OOTW: "As Keywords suggested stop customs duties, as the majority of cases of corruption in border crossing points, and corruption among officials at border crossing points. "
the source quoted Keywords emphasis on "the need to activate controls on money laundering operations because there is an economic crime committed and should be monitored."
OOTW: He attributed the Governor of the Central Bank crisis high dollar exchange rates, "the existence of banks to buy bills forged for the withdrawal of currency ", pointing out that" Jordan and Dubai adopted to control about Iraqi remittances as Dubai refused entry to the next remittances from Iraq that b [dollar] and proceeded to turn it into the UAE dirham to allow entry, "referring to the" lack of cooperation by Turkey in this aspect. "
He said Keywords that "the five banks by indicators such transfers, and up profit per day to around 22 million dollars." The governor of the Iraqi Central Bank and the Agency on the Keywords commented yesterday on the financial budget for the 2015 law on determining auction sales Bank for $ 75 million.
"We We sell in the daily bank auction amount of dollar exceed the amount of the $ 75 million set in the budget law because we have an objection to Thdbd amount of sales cash Valssayash essence is the use of these goals, and if they restricted in advance they are robbed of the flexibility of the bank, "adding that" there are no our intention to change the exchange rate in the auction, ".
OOTW: MY FIRST THOUGHT IT THAT THE LAST PARAGRAPH IS KEYWORDS DEFENDING WHAT HE'S BEEN DOING, OBVIOUSLY
OOTW: I'LL BE BACK I HAVE TO LOOK FOR SOMETHING
OOTW: IF YOU OPEN THE LINK ABOVE YOU CAN SEE THE PHOTO SUPPOSEDLY FROM THIS MEETING
lynnb: OOTW, this ? Image: story_img_5586bdbc6f930.jpg
OOTW: THAT THREAD HON
OOTW: OKAY HERE'S THE NEXT ARTICLE
OOTW: Chalabi: we proposed to the Central Bank controls to combat money laundering and accounting offenses
lynnb: Ok thanks!!
OOTW: SURE HON
OOTW: head of the parliamentary finance committee, Ahmed Chalabi announced a proposal for a committee of the Central Bank of Iraq put controls in the fight against money laundering and to hold the perpetrators to reduce the high US dollar exchange rates.
Chalabi said at a news conference at the parliament building with a number of members of the committee and in the presence of the governor of the bank and the agency on the Keywords attended by the correspondent Agency all of Iraq that "the Finance Committee today held Astnthaiah session in the legislative recess of the parliament to discuss the reasons for the high dollar and the amount of supply in the bank auction and was attended by Governor of the Bank and head of private banks Authority and director of the fight against organized crime. "
OOTW: He added "We looked at the causes of fluctuation of the dollar prices in the previous period both parties and made proposals and all agreed to change the contexts of existing and developing new ones to defend the value of the Iraqi dinar."
He pointed Chalabi to that the Finance Committee " It applauded the liberalization of the currency with controls to combat laundering financial aid also submitted proposals that the central bank takes measures with Banks worked with him the need for people accountable or those who possess them evidence of organized crime, according to the powers of the governor and the bank. "
For his part, Governor of the Central Bank on the Keywords that "frequent meetings with Finance Committee indicates the interest the two sides to save the value of the dinar and address the causes of the fluctuation of the dollar and we met today was about monetary policy and find proposals that meet the economic reality and the independence of the bank's requirements with a discussion of Iraq pledges Foreign and not put restriction on the dollar exchange rate being we do not allow the Iraqi currency be a cover for guerrilla " .
OOTW: The source of parliamentary revealed to the Keywords suggested hosted by Finance Committee of the parliamentary session today, "the abolition of the private bank's auction sale of foreign currencies including the US dollar to save the exchange rate against the Iraqi dinar and prevent the increase of the dollar exchange rate, and the liberalization of price without any limitation and sold each Who wants to buy it, because there is a reserve in the bank responds to any request with the restriction of sales instructions and controls but this is what the Bank can not be done.
" The source added, "as Keywords suggested suspended customs duties, as the majority of cases of corruption at border crossing points, and corruption among officials in border crossing points ".
lynnb: I have a ? Does this mean that the Dinar will come back to the 1166? Or is this a bigger statement? Thanks in advance
lynnb: Or is my question completely off base of what all this says, lol
Doug_W: never know if U don't ASK nnb
OOTW: I NEED A FEW MINUTES TO LOOK AT OTHER ARTICLES I'LL BE BACK
TxBrand: ‹@lynnb› sounds like to me they are just worried about keeping it at 1166
OOTW: THERES CONTRADICTORY INFO HERE AND I'M A NEWBIE TO EARLY MORNINGS - BEING MY HUBBY HAD A SCHEDULE CHANGE FROM THIRD SHIFT LOL
lynnb: thanks OOTW, you went viral yesterday
OOTW: LOL - I'M READING OTHER ARTICLES
OOTW: STRANGE DYNAMIC GOING ON
DOUBLE B: The dinar has witnessed remarkable decline against the US dollar, last week, arrived in 140 dinars to the dollar, which face Alandhar towards the central bank and its role in maintaining the currency exchange rate, as the face of parliamentarians call to the bank to release the reasons for the decline quickly and seek in Alazmh.anthy / 6 solution
TxBrand: 140 ?
DOUBLE B: Nashi calls for the central bank to deal with transparency and disclosure of the Iraqi currency aynaliraqnews.com/index.p...
TxBrand: He added "We looked at the causes of fluctuation of the dollar prices in the previous period
lynnb: TxBrand, wonder if thats the .86 rate I have seen?
TxBrand: guerrilla = A member of an irregular armed force that fights a stronger force by sabotage and harassment
TxBrand: ‹@lynnb› were have you seen that ?
TxBrand: you have not seen .86 on the CBI website have you ?
lynnb: There was some speculation and breakdown in a chat room, a skype room
lynnb: no, was just people trying to figure it out
lynnb: that 140 has been in other articles, so some were speculating
TxBrand: I would think that is a prediction from someone for a future rate.. they are just guessing IMO
lynnb: yes thats right
TxBrand: oh ok
lynnb: sory TxBrand, I probably should have worded that diffrent
TxBrand: np... we are here to learn ...
TxBrand: me for sure
lynnb: and what I love about this room is people actually answer me, lol
DOUBLE B: Central Bank sales decline in the currency auction today. aynaliraqnews.com/index.p...
TxBrand: that's the first time I have seen 140... I don't get out much :cheerful:
DOUBLE B: He said the bank in a statement reported for "Eye Iraq News", "The sale amounts transferred to the accounts of banks price abroad amounted to (1187) dinars per dollar, including the commission of the Central Bank of $ (21) dinars per dollar, while the total cash sales price (1190) dinars per dollar, including the Bank commission of $ (24) dinars per dollar. "
lynnb: I have seen 140 over the past month here and there in different articles
OOTW: I'M STILL DIGGING
TxBrand: more riddles for us :::: Urgent CBI Governor assures agreeing with Banks Union on unified exchange rates Published: 2015/6/20 13:40 • 338 Reads CBI Governor assures agreeing with Banks Union on unified exchange rates Baghdad (AIN) –The Governor of Central Bank of Iraq, Ali al-Allaq, assured that the Central Bank of Iraq agreed with the anks Union on unified USD-IQD exchange rates. /End/ en.alliraqnews.com/module...
OOTW: I WILL BE BACK
TxBrand: what is unified exchange rate ? :w00t:
TxBrand: unified = Formed or united into a whole
TxBrand: Operating as a unit
TxBrand: hubby says its just bringing them together... I was thinking making them the same :sick: ..guess im wrong
Doug_W: ‹@TxBrand› that's ONE
TxBrand: one what ?
Doug_W: one mistake
Doug_W: ur allowed 3 a day
TxBrand: oh :whistling:
Doug_W: ha ha ??
TxBrand: ok but if the CBI assures something ...doesn't that mean they are going to do something to the rate ?
TxBrand: and they were upset because it went down... lol
TxBrand: unified is pass tense though
TxBrand: Urgent No concerns over exchange rates, says Allaq Published: 2015/6/20 14:23 • 225 Reads No concerns over exchange rates, says Allaq Baghdad (AIN) –The Governor of Central Bank of Iraq, Ali al-Allaq, said "We do not have concerns over the USD-IQD exchange rates." /End/ en.alliraqnews.com/module...
DT N AZ: ‹@TxBrand› I doubt seriously they are going to do something we are looking for on the rate right now
DT N AZ: sorry messed that up
DT N AZ: seriously doubt...
DT N AZ: oh I didn't screw it up, I am not awake yet, drinking my coffee now
DT N AZ: I'm a mess
jaxjags: hello,...........is there any information about the possibility of a call today?
Abraham: As long as Maliki is part of the government we will not see a rate change. And if they don't remove him soon and they are forced into continued borrowing they place a noose around their neck that the no longer control their own monetary policy.
jaxjags: I guess with everybody answering all at the same time it must mean "no"?
MichelleL: jaxjags apparently not many in here "live" right now - don't let it put you off
MichelleL: we all go back and forth, but i would assume its doubtful there's a call today
Abraham: You can't befriend an enemy. Even Jesus could not. For that reason he was kicked out of Heaven.
jaxjags: ‹@Abraham› The revaluation/repricing of the IQD is not about the Prime Minister nor the former Prime Minister. Instead, it is about the introduction of Iraq's currency to the world currency markets and how it will be support and used. It is not about the current governor of the CBI either. In fact, the governor works for and reports to the board of Directors of the CBI and they represent the owners of the central bank.
Abraham: The final decision is made by the Prime Minister
jaxjags: ‹@Abraham› No, it is not.
Abraham: You are entitled to your opinion. But no PM would take on the responsibility for a Country without full authority over the finances of County. Does your neigh out make the final financial decisions pertaining to your home? :smile:
disciple7: ‹@jaxjags› Iraq is battling a multitude of corruption right now.. most of it comes straight from Maliki and his personal network of filth.. as long as Maliki is in office they will continue to struggle..
Abraham: ‹@disciple7› Amen. Thank you!
disciple7: No one can say Maliki isn't a problem ans isn't slowing this process down.. if u think he isn't a problem take off your deeeenar glasses and take a better look.. he stll lives in the presidential palace.. u don't see that as concerning??
Abraham: It was Maliki who put the present CBI Governor in place just prior to the change of government
OOTW: SO WARADANA.COM IS REPORTING THE STREET RATE AT 1156 TO ONE USD
disciple7: ‹@Abraham› exactly and its Maliki who is trying to overthrow the NEW government
Abraham: ‹@disciple7› yes!
OOTW: THE CBI IS REPORTING THE SELL RATE AT 1250.
OOTW: YOU'D THINK THAT THE CBI WOULD NOT WANT PEOPLE GOING TO THE STREET TO BUY DINARS...THE CBI IS TRYING TO COMBAT CORRUPTION, ONE ASPECT ON THE STREET
OOTW: MY PC IS VERY SLOW RIGHT NOW I HAVE ABOUT TWENTY PAGES OPEN
OOTW: SO PLEASE EXCUSE ME
OOTW: SO THE ABOVE ARTICLE WHICH I PULLED IN WAY ABOVE ABOUT THE FINANCE COMMITTEE MEETING WITH KEYWORDS IS A "SOURCE" ARTICLE
OOTW: AND FOR NOW ALL I CAN GET AHOLD OF ARE "SOURCE" ARTICLES
OOTW: THIS ISN'T CLARIFICATION TO MY MIND
OOTW: THERE'S NOTHING AT THE PARLIAMENT SITE ON THIS
OOTW: NOR THE CABINET
OOTW: I CAN PULL IN SOME ARTICLES, BUT I DOUBT THEY'RE GOING TO GIVE US A DEFINITIVE ANSWER
Abraham: ‹@OOTW› they may still be meeting
OOTW: YES IT'S ABOUT WHAT 8:30PM?
OOTW: THANKS ABRAHAM
OOTW: EVERYONE I'M GOING TO PUT TOGETHER A REPORT IN THE FORUMS AND THEN COME BACK IN
OOTW: THE INFORMATION IS TOO SCATTERED AND UNABLE TO BE VERIFIED
OOTW: SO I'LL BE PUTTING A DISCLAIMER ALERT AT THE TOP OF THE POST - LOL BECAUSE I ALWAYS DO MY BEST TO BACK THIS UP WITH GOVT PRESS RELEASES
OOTW: THERE'S SOOOOO MUCH GOING ON WITH THIS
OOTW: I'M SORRY TO DISAPPOINT YOU NOW, BUT I'D RATHER JUST PIECE TOGETHER WHAT I CAN FIND - AND THEN SEE WHAT THE GOVT SAYS LATER TO COMPARE
Abraham: ‹@OOTW› appreciate all you do :smile:
OOTW: THANKS ABRAHAM
OOTW: I'LL COME BACK IN WHEN I'M FINISHED
disciple7: ‹@OOTW› agreed id rather have truth than a "possible scenario" thank you
OOTW: YEP DISCIPLE..AGREED