Post From Dinar Detectives
4-16-14 Stryker: Here are a few things of importance going on in Iraq right now:
Tariffs & Protection of Product Laws needing to be implemented for price control of food and other essential goods
WTO needs the Tariffs & Protection of Product Laws implemented before full accession can be assured, one goes hand in hand with the other.
Negotiations on Oil Deal between Kurdistan & Baghdad
Negotiation on 2014 Budget
Parliament Members have been advised that they must stay active until June 14, 2014 even if they are not reelected to pass budget
EO 13303 Expires in 36 days on May 22, 2014
CBI preparing to take control and protect all Iraqi assets frozen worth an conservative estimated $150 billion dollars
CBI announced they are ready to re-print current currency
CBI announces that new modern technology is ready to sort and count old currency
CBI announces to the Iraqis not to sign, write or stamp currency, so do not deface the national currency
Rafidain & Rasheed, two of the state owned banks preparing to receive frozen assets worth a combined $78 billion dollars
Iraqi Banks preparing to go international
International Banks opening up branches all over Iraq
Major Oil Companies investing hundreds of millions each in expanding oil production all over Iraq
Hundreds of Billions of International investment funds flowing into Iraq for all kinds of projects from road construction to housing projects
These are just a few things that makes me believe Iraq is getting very close to economic reform, thus going international. The Team and I will be going over these, answering members questions and more on our roundtable tonight. I hope you can join us. Stryker Blog –
4-16-14 Iraq News Journal: Iraq Buys $1.56 Bln of Gold, Biggest Purchase in 3 Years.
Iraq bought 36 metric tons of gold this month valued at about $1.56 billion in the largest purchase by a nation in three years.
The Central Bank of Iraq acquired the metal to help stabilize the Iraqi dinar against foreign currencies, it said in an e-mailed statement. The country held about 29.8 tons of bullion as of August, according to data on the International Monetary Fund’s website. The latest addition was the biggest since Mexico bought 78.5 tons in March 2011.
While nations purchased about 544 tons in 2012 in the largest accumulation in about five decades, acquisitions slowed to 369 tons last year, according to the London-based World Gold Council. Countries will continue buying amounts in the “hundreds” of tons, the producer-funded council said in February. Bullion prices rebounded 9.2 percent since December, after slumping the most since 1981 last year as demand for a store of value waned.
“Gold is quite attractive to central bankers,” Mark O’Byrne, a director in Dublin at brokerage GoldCore Ltd., which has more than $200 million in bullion under management, said today by phone. “They see it as an important asset diversification and a safe-haven element within foreign-exchange reserves.”
Gold for immediate delivery traded at $1,316.15 an ounce in London, after sliding 28 percent last year. It reached a record $1,921.15 in September 2011. Prices averaged $1,344.78 so far this month, valuing Iraq’s purchase at about $1.56 billion.
Adding the amount Iraq said it bought in March to its reported holding in August would make it the 40th-largest holder by country, according to the WGC. The nation has no plans to sell metal from its reserves, Muneer Omran, director general of investments at the central bank, said in an interview in Dubai in January.
Bullion had accounted for less than 2 percent of the nation’s total reserves, compared with about 70 percent for the U.S. and Germany, the biggest holders.
“Demand from the likes of Iraq is important,” GoldCore’s O’Byrne said. “It doesn’t necessarily mean it will lead to higher gold prices per se, but it definitely means that there’s an ongoing demand from central banks that is likely to continue” and should support prices, he said.
Mexico owns about 123 tons of the metal, according to the WGC. Turkey’s reserves, at about 488.6 tons now, expanded as much as 44.7 tons in July 2012. Bullion has been added to its balance sheet as a result of accepting gold in its reserve requirements from commercial banks. Article Link
4-16-14 Dinar Chronicles: Raw Intel from Deep Source(s) - Wednesday Afternoon.
"Just spoke to [...], very quickly, he has been told that today is the day that Jack Lew goes to the UN and signs off, not this past Monday as Mxxxxxxxx has posted, at the same time or immediately thereafter, the waiting party in Reno is to go into the bank and release the funds.
I asked [...] if this info came from the waiting party in Reno, he said no, it came from a reliable agency source, he would not identify, you will recall, I urged [...] to check with [...], this is only what [...] has been told, but it has a higher degree of credibility than anything posted on the xxxxxxx blog, we did not have time to discuss any related Obama resignation or arrests, just remember the 48 hour previously discussed Interpol arrest plan."
(We cannot reveal names for their own privacy. ~Dinar Chronicles)
4-16-14 Vision: Indonesian Rupiah Redomination Won’t Be Implemented In The Near Future.
The Government’s plan of simplifying its currency value or the rupiah redenomination will not be implemented in the near future.
The fluctuating exchange rate and other factors become the reason for the government and Bank Indonesia postpone the plan.
Minister of Finance, M. Chatib Basri, stated that the government will not impose the redenomination discourse. Although the Minister admits, Draft on Redenomination Law (RUU) has been already submitted to the House of Representatives (DPR).
The Minister considers, there are many risks if the redenomination is continued today, one of which is inflation. If it fails, the redenomination plan will have an impact on high inflation. Article Link –