Post From Wealthwatch.world Chat Room 7-17-15 Part 1 of 3
Evening Discussion With Sczin11 – Butifldrm & OOTW
EdoBini: Are the Lower Dominations out at this time ?
Doug_W: what do U mean out?
Donnie: Expert: Iran nuclear deal will raise the pressure on the dollar in Iraq
Donnie: Qurtas News / Baghdad Predicted economist Ahmed Fahmy, Thursday, that the nuclear agreement between Iran and the West is reflected positively on the Middle East and the Gulf region. Fahmi said in a statement to "Qurtas News" that "the arrival of Iranian and west sides to an agreement after 21 months of tough negotiations and years of tension and sanctions against Tehran would reflect positively on the Middle East and the Gulf region in general."
Fahmi said that "Iraq is Iran's closest neighbor and the largest affected troublesome and international sanctions against Iran, the results of the agreement gradually lift economic sanctions on Tehran, which will lead to the lifting of the pressure on the dollar in the Iraqi market prices."
He said the "stability of the Iraqi dinar exchange rate will reflect positively on the prices of goods and services," stressing that "reflections Alabjabh nuclear deal will not be reflected on the Iranian economy, but only on the countries of the region at the top of Iraq." .
[02:42:41 PM] Donnie: www.alqurtasnews.com/news...
[02:47:54 PM] Donnie: . http://www.alqurtasnews.com/news/112436/%D8%AE%D8%A8%D9%8A%D8%B1-%D8%A7%D9%84%D8%A7%D8%AA%D9%81%D8%A7%D9%82-%D8%A7%D9%84%D9%86%D9%88%D9%88%D9%8A-%D8%A7%D9%84%D8%A7%D9%8A%D8%B1%D8%A7%D9%86%D9%8A-%D8%B3%D9%8A%D8%B1%D9%81%D8%B9-%D8%A7%D9%84%D8%B6%D8%BA%D8%B7
Donnie: General Secretariat of the Council of Ministers confirmed that the Eid al-Fitr holiday will end on Monday, 07/20/2015. " The source added that "the official working hours will resume on Tuesday, 21 July of this.
Donnie: . http://burathanews.com/news/271340.html
Donnie: Announced the great religious authority, the Office of Grand Ayatollah Sayyed Muhammad Said al-Hakim long live blooming, Thursday evening, that Saturday will be the first month of Shawwal and Eid al-Fitr. The office said in a statement that "on Friday, a brief summary of 17 July 2015 completer for several holy month of Ramadan for the imitators of Religious Authority great religious Ayatollah Mohammed Said al-Hakim. "
The Office "and added on Saturday will be the lunar month of Shawwal 1436 AH the first day of (Eid al-Fitr) authorization of the Almighty and the day on 18 July 2015."
Donnie: . http://burathanews.com/news/271340.html
Donnie: Albulad..stoh concerns of the dollar! Abdul-Zahra Talqani Thursday 07/16/2015 Print this Article Print Abdul-Zahra Talqani where the citizen gets the hard currency when he needs to in his travels and his travels? Where did it get those currencies when the need for treatment abroad as a result of the inability of the Iraqi medical and health institutions for treatment of many diseases?
Where did it get those currencies when needed for any purpose? .. why he has to buy the dollar from companies and banking offices which are subject to fluctuation of the market and the instability is forced to pay additional amounts to the advertised price formally may sometimes up to 10%
Do these companies and offices controls for buying and selling currencies or is it loose are subject to market fluctuations and the principle of supply and demand ..
If the Iraqi Central Bank monetary and fiscal state policy orderly sell those currencies to the government and private banks Is his role in the sale of currency ends, according to the amounts it deems appropriate or whether its oversight role extends beyond so.
Donnie: oversight role extends beyond so. ten thousand and office banking company got a license to work in buying and selling currencies,
and perhaps no unauthorized companies equivalent to that number, and others are working as brokers or intermediaries or Dalalan or traders (trunk) for trading millions of dollars and made available to the needy her but at a price higher than the official price (b 200-300) yarns.
This bypass them and fictitious companies feed on the differences in buying and selling currencies, so it is seeking to sometimes speculation in the buying and selling according to demand and making available its capital, and often contribute to the creation of crisis,
and the citizen confused between this that, do not get on the need at the official rate, which obliges them to turn black market, which some like to call it (free market) sometimes.
Donnie: read the rest here: www.altaakhipress.com/vie...
EdoBini: Has the Rafidain Bank embark on the distribution of the lower dominations of the IQD yet particularly in some part of the Country ?
Donnie: I haven't seen any article yet.
EdoBini: Thanks for your quick response
Tootsie: The central bank stopped dealing with Iranian bank after attended by internationally 7/17/2015 Long-Presse / Baghdad A source in the Iraqi Central Bank, on Friday, for a decision by the central bank to stop dealing with Bank Melli Iran branch in Iraq,
and denied that the decision is linked to Iran's nuclear agreement with the majority of the six countries, stressed that the decision came after the receipt of the bank's name in the list of prohibitions International. The source said in an interview with the (long-Presse),
"The bank's board directed its departments, including the banking and credit Directorate and Auction currency not to deal with Bank Melli Iran after his name was mentioned in the list of the international embargo."
He denied the source, who asked not to be named, said: "the decision of Iran's relationship agreement with the majority agreement of the six countries on the nuclear issue, although he came in sync with him," stressing that "the Iraqi Central Bank Foundation is committed to international laws and issued them."
The age of the founding of Bank Melli Iran more than 86 years and has branches in 3169 within the Republic of Iran and 16 branches abroad. wealthwatch.world/showthr... http://wealthwatch.world/showthread.php?tid=1164
Winnerdinar: I'm glad I own rial
Winnerdinar: Evening everyone
sczin11: ‹@Winnerdinar› GE..IT IS LATE FOR YOU
TxBrand: ‹@Winnerdinar› I think I have some lol
TxBrand: oops they are gone
Winnerdinar: hello sczin11 been loving your chats from afar recently
Winnerdinar: ‹@TxBrand› yes I think it's worth having
Winnerdinar: Article 8
Doug_W: ♥♥♥ Stupid RV Anyhow ♥♥♥© ™® Pat pend.
sczin11: ‹@Winnerdinar› TRYING TO KEEP A LITTLE HUMOR IN THIS PLACE:)
Winnerdinar: Can I thank everyone for the wonderful messages and prayers you gave me for late mum
Winnerdinar: Sorry I haven't been around
sczin11: ‹@Winnerdinar› WE JUST HOPE YOU ARE HEALING AND LOOK FORWARD TO WHAT YOU HAVE TO OFFER GOING FORWARD.. BUT, TAKE YOUR TIME...
sczin11: NO APOLOGIES NECESSARY
Winnerdinar: ‹@sczin11› thanks so much and I am trying to heal!
MichelleL: nobody wassup?
MichelleL: on a lighter note, how much have you made off the rial this week? lol
Winnerdinar: Nowt lol
Winnerdinar: I am hoping the rial starts appearing in banks now that they are in article 8
] Winnerdinar: It's hard to get hold of
MichelleL: I'm hoping the dinar starts appearing in banks lol
MichelleL: and I read today my vnd is worth less than when I bought it lol
Winnerdinar: Me to lol the UK banks stopped selling it in 2013
Winnerdinar: But from what I know the UK banks are waiting to trade it again
MichelleL: has the subscription base grown this week people? did we get more peeps in here?
sczin11: ‹@MichelleL› 671 NOW AND GROWING
Butifldrm: ‹@sczin11› Hellooo Scizn
Butifldrm: I have been doing a little research
Butifldrm: It appears melli bank has been under OFAC sanctions since 2008
Butifldrm: when you look at the CBI site it appears that Melli Bank is registered as an official bank of Iraq
sczin11: ‹@Butifldrm› OK...SO THEY MUST STOP DEALING W THEM BUT NOT BECAUSE IRAN IN ARTICLE VIII, RATHER THEY ARE ON A BLACKLIST OF SOME SORT, CORRECT?
sczin11: ‹@Butifldrm› AND GE TO YOU
Butifldrm: www.bmi.ir BAGHDAD / Arsat Indian / 929 m / 27 g / d 111 number and date of the holiday - 03.09.2650 28.09.2005 in capital (billion dollars) - 32.234 Name Director - Mahdi Mohammed Issa (Regional Director) Associate Director name - no Bank Melli Iran www.bmi.ir BAGHDAD / Arsat Indian / 929 m / 27 g / d 111 number and date of the holiday - 03.09.2650 28.09.2005 in capital (billion dollars) - 32.234 Name Director - Mahdi Mohammed Issa (Regional Director) Associate Director name - no Bank Melli Iran 3.
Butifldrm: www.cbi.iq/index.php http://www.cbi.iq/index.php?pid=IraqFinancialInst
Butifldrm: apparently, they/Melli was sanction for sponsoring terrorism, Hamas etc...
Butifldrm: I find it funny that even when Shabibi was in charge they were allowed to function
Butifldrm: Melli is one of, if not the largest bank in Iran
sczin11: ‹@Butifldrm› SO ARE U QUESTIONING THE CBI MOTIVES HERE?
Butifldrm: No knew news about releasing sanctions against this bank, but we know the release of sanctions on Iran's nuclear program couldlead to such
Butifldrm: no, I'm not questioning. i think the CBI is playing it safe, sice there is no news of Melli being relesased from these sanctions
Butifldrm: Even though....... it appears Iraq has been trading with this bank for years. lol
sczin11: ‹@Butifldrm› EXACTLY, BUT WHY NOW?
sczin11: ‹@Butifldrm› AND WHERE IS THIS IMF BLACKLIST?
sczin11: Rhetorical ?s
Butifldrm: Well maybe Keywords is trying to look good in the International eye
Butifldrm: the list would not be an IMF list
Butifldrm: IMF works with countries not banks
sczin11: ‹@Butifldrm› I THINK ITS TOO LATE FOR THAT
Butifldrm: It would be an OFAC list
Butifldrm: lol scizn who knows what Keywords is up to
sczin11: ‹@Butifldrm› OK, BUT BOTTOM LINE
sczin11: THIS HAS NOTHING TO DO W ART VIII IRAN VS ARTICLE XIV IRAQ, CORRECT?
Butifldrm: Well I'm glad to see the CBI come out and make a statement like this because Bayati who I'm sure is Shia brought it upon himself to think that these Iranian banks worth 9 B could help the Iraqi economy.
Butifldrm: well, truly Iraq is under article XIV. iran being under article VIII with the release of these sanctions could now trade internationally
Butifldrm: what do you think could happen to Iraq's reserves in this situation
Butifldrm: Iraq already has a flight of Capital
Butifldrm: this is one reason I think Anbuge came out with his article
Butifldrm: iraqi's could now move money ito Iranian banks and trade internationally with the dollar
sczin11: ‹@Butifldrm› WHY DO THEY NEED IRANIAN BANK FOR THAT
sczin11: AND IF THAT WERE THEIR GOAL, PRETTY SURE OTHER IRANIAN BANKS IN IRAQ..SO CLOSING BUSINESS W MELLI DOESNT PREVENT SAME SCENARIO U JUST MENTIONED
Butifldrm: Iraq has to use international banks to perform international transactions in the dollar. Melli banks are already set up in Iraq and doing business, under article VIII, but they are under OFAC restrictions, because of illegal transactions like funding terrorism. Iraq really should not trade with this bank under international sanctions for one, but they have been. We know Iraq has lost it's reserve to Iran under the Maliki rule, and we know now there is pressure on the CBI to amintain their reserves.
Butifldrm: As far as the article I'd like to point out this opart of the article
Butifldrm: The source said in an interview with the (long-Presse), "The bank's board directed its departments, including the banking and credit Directorate and Auction currency not to deal with Bank Melli Iran after his name was
Butifldrm: mentioned in the list of the international embargo."
sczin11: ‹@Butifldrm› TY FOR BRINGING THIS IN...WE APPRECIATE ALL YOUR RESEARCH AND UNDERSTANDING
Butifldrm: scizn it's my love
sczin11: ‹@Butifldrm› DONT I KNOW THAT, :):)
Butifldrm: truly I'm hopin Iraq is going to make a move into article VIII
sczin11: ‹@Butifldrm› LETS HOPE FOR TARIFF IMPLEMENTATION ON 8-1-2015
Butifldrm: and the article we are seeing now could be an insight as to such
sczin11: ‹@Butifldrm› PLEASE CONNECT THOSE DOTS FOR US
Butifldrm: Hey lets hope they are all little pieces of the puzzle
Butifldrm: I'm hoping that Iraq can make this move before something happens to the World economy.
OOTW: THANK YOU FOR YOUR INPUT ON THIS IMPORTANT TOPIC BUTIFLDRM
Butifldrm: OOTW, I hope that I am right on this
Butifldrm: Oh one more thought
sczin11: WOW.... LOOK WHAT POPPED IN FROM THE PEANUT GALLERY, LOL
OOTW: I HOPE YOU ARE TOO HON
OOTW: YOU'RE A SMART COOKIE, SO WE'LL SEE...NO PRESSURE THERE ...LOL
Comments may be made at the end of Part 3 Thank You Part 2