mdweaver wrote on January 6th, 2014, 9:32 am:DOES ANYONE HAVE ANY POSITIVE COMMENTS THIS MORNING?????
HOW ABOUT YOU....NOVA???
NOVA » January 6th, 2014, Good Morning From The Frozen SunShine State!!!
How About Post #146 Sir!!!!!
At Some Point The IQD Is Going To Have Value On The International Stage!!!!
I Do Not Know The Day That Will Happen! But I Do Know That BIS Is Not Asking For More IQD To Be Put In There Bank So It Can Sit Around And Collect Dust!!
When You Ask For Something From Someone Its Because You Need/Want It And It Has Value To You!!!
If The BIS Wants The IQD And The CBI Is Willing To Give It To Them It Also Tells Me That The CBI Know's They Will Be Getting Something More In Return.
Last Thing For Me This Morning, And Yes I Might Be A Little Twisted, But What We Are Seeing On The Ground In Iraq Is A GOOD Thing, SAD BUT GOOD.
Try And Stay Warm Today!!!!!!!!!! Nova
Read More Link on Right
CVBC: Thanks for the words Nova.
I would certainly agree.... Why would the BIS want the IQD if it had no value?
Looks like we pray and wait for the new rate to be shown to the world.
Gearhead » January 6th, 2014, 7:52 am • [Post 146]
Iraqi Central Bank Governor Abdul-Basit Turki imaging (mjm)
Central Bank is accepting deposits BIS new Iraqi "asset" and calls for the development of comprehensive banking
Author: ASJ Editor: BK, BS 06.01.2014 13:32
Long-Presse / Baghdad
Considered the Central Bank of Iraq, on Monday, that the declaration of acceptance of Bank for International Settlements and additional deposits "win-win situation" for the country, and called for investment in order to achieve comprehensive development in the government and private banks and adhere to international standards in preparation for a credit rating.
The Bank for International Settlements (BIS), or the Bank for International Settlements, based in Basel, Switzerland, may feel the Iraqi Central Bank, in, (the 29th of December 2013 the past), his willingness to accept deposits Iraq fiscal 2014 current.
The governor of the Iraqi Central Bank and the Agency, Abdul-Basit Turki, said in an interview to the (long-Presse), "The Bank for International Settlements, a bank world's central banks, and the regulatory system of the international banking banks all, in terms of commitment to the decisions of the Basel, which determine the efficiency of the banking systems , "pointing to" the possibility of getting shares in the bank, which has a membership of 60 central banks including the Central Bank of Iraq, by individuals and non-governmental entities, and in accordance with the Charter of the United Nations. "
Turki added that "BIS plans annually to invest cash reserves deposited with him by the world's central banks," noting that "the bank differs from the Fund for the Protection of Iraqi funds DFI, which was established under the UN resolution, to deposit the proceeds of Iraqi oil after the year 2003
The governor of the Iraqi Central Bank and the Agency, that "exchange reserves at the central bank comes from these deposits after the transition government to the local currency (the dinar)," pointing out that "the Iraqi funds that were frozen in the nineties of the last century, was at the Bank for International Settlements did not subject to any legal prosecution being protected from them. "
He continued, Turkish, that "BIS contributes to strengthening financial cooperation and funding of global as well as it is not subject to accountable to any government," Msttrda that "the implementation of this procedure will achieve better returns for funds Iraq with keeping them in safe places, especially since the Bank for International Settlements invest in a part of the Central Bank's investment portfolio, which is part of the cover of the currency (cash reserve) and the risks and benefits of a few large ".
He called on the governor of the Iraqi Central Bank and the Agency, to "invite investment BIS to achieve comprehensive development in the government and private banks as well as the commitment of the Basel standards and the adoption of corporate governance and labor regulations to promote the reality of modern banking in the country and to seek credit rating."
The credit rating credit rating, is the degree of solvency or merit in the economy, which is estimated from which to experience some of the agencies specialized business, to assess the validity or person's eligibility for loans, or the merits of the company, or even the state for loans, which in this study the the financial viability of the company or the person or the state, and the extent of its credit on the loan and ability to repay, and takes into account the records of the person or the company or the state, and its disposal in the past for the payment of its debts.
The Bank for International Settlements, BIS was established in (17 May 1930), under an intergovernmental agreement by Germany, Belgium, France, Great Britain and Northern Ireland, Italy, Japan, the United States and Switzerland, to facilitate reparations imposed on Germany by the Treaty of Versailles after World War first. The Charter has been drafted for the bank in the international bankers conference in the German city of Baden-Baden in November and adopted its charter in the Hague Conference II in January 20, 1930. LINK
RickLibby: MDWeaver….As for good news today, read post #157 , what BDF has to say there is very exciting in my opinion. That the Iraqi's admitted yesterday that they are working at all ports of entry with the tariff is also exciting. There has been some word of the al Qaeda rebels being pushed out of Ramadi and Fallujah, to me that would be great news. That we are at the point we are now, is a good sign of their progress I believe, in my opinion.Stay Blessed
Dale on Maui:Are the bonds being sold on the 7th ...Tue..... the same ones they sell every 3 months?....any one know?If they are...then why the hype and excitement about this particular event?
thanks......Dale on Maui
BulldogFord65: Hello Dale:Two things: Although there have been Tbill sales historically, take a look at the offering -- if you look at the historic offering from both the MoF and the CBI, they have not offered 200 billion total for a year. Now they are offering 200 billion every 2 weeks -- 400 billion per month?? Those are the numbers per the CBI, not hype. Frank also said he has some info regarding the bonds that has not been released yet, and with what he knows, he remains "excited." Blessings to you, Dale!
RedBull64 :Good Morning Frank, Nova and Family,
As I continue to study and learn about at this investment, I am often surprised about what we're all learning as we go. Perhaps those in the banking business -- like Nova and Eagle1 -- see much clearer into what is transpiring within Iraq, the CBI and their financial reform. But it seems as investors we are often learning on the fly or are surprised about what "just happened" that we didn't expect, didn't know or didn't consider.
I do not look at that as a bad thing. In fact, I feel just the opposite. Discoveries like the dramatically increased numbers of potential sale of bonds (or whatever) starting tomorrow, etc. are wonderful gems -- or logs -- that we're finding along our journey.
But as I've come to learn with investing, I must always ask questions about what I don't know or what I may be overlooking that might lead to a better and more educated picture. For example, many folks were looking at 2-January as a key marker for activation of the tariff laws. The tariff laws were activated and that *was* a good thing. But we still saw no rate and the CBI was unexpectedly closed, therefore we didn't see anything significant even when they held another auction. Again, it was progress but perhaps not what many were expecting.
[GET TO THE POINT, REDBULL!!]
In the last couple of week of CC's the general feeling is that there really isn't anything we're waiting on except the announcement from the CBI. So, here are my questions:
1) If that is true, then what is the CBI waiting on? Another entity? Specific timing? Thumbs-up from AoP?
2) Or what do they need to complete in order to finalize their activities and make the announcement? In other words, are they simply waiting? Or are they doing something and do we know what those "somethings" are?
3) What markers (other logs) are we missing that we might not have considered as "necessary" for the CBI to complete their work and fulfill the wishes of the BIS and bring this puppy home?
I'm not asking this to seek a date. I am simply remember what I've learned about other investments. In past investments I've thought I had a handle on something and then "POW!" I was surprised by another action, event or missing piece of the puzzle that I didn't know was required.
As we near the 7th of January, I am looking for what might have been missed. I call it "trying to see around corners." Thank you all for your continued wisdom, research and insights.
Zerb: IMO one thing REDbull64....just tightening up some loose ends before it's announced....don't you see the scum & cockroaches (Taliban, Al Queda or whomever they are financed mainly by SA & Parliament members forced to quit) fleeing??? No more or should I say less violence and SECURITY IS VITAL before button is pushed...I could be wrong, but hang tough family!