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Emailed to Recaps:
Intel Tidbits From Bruce on “The Big Call” 8-31-17
Bruce: We should be able to taste it soon.
Iraq had a travel ban for 13 years. Since the travel ban has been released on the 25th of this month, there are 85 countries that have flown into Iraq (in less than a week) to negotiate trade deals.
As of midnight last night, we heard that rate on Qi cards went up for dual citizens.
Their daily spending limit went up 100 fold on that card.
Hearing that many ATM’s are operating with lower denominations.
My main point is that Iraq is back and they are proud of what they accomplished.
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Tishwash: Banking Reform Takes Center Stage Once Again
Reforming the Iranian banking system, whose representatives have been grappling with a variety of issues, has once again come to the fore of national dialogue at a time when the Central Bank of Iran is trying to enforce lower interest rates.
President Hassan Rouhani was on state television to address the woes of banking system among other things and outlined what his administration plans to do in its second term that started this month.
“We have to overhaul the economy,” he said, referring to CBI’s plans to allocate 300 trillion rials ($7.7 billion) in loans to small- and medium-sized enterprises to assist production and boost job creation.
Support for SMEs holds significance, especially since the administration needs to create close to a million jobs during the current fiscal year ending in March 2018.
As Rouhani said, “The role of banks in this regard will be great.”
But for lenders to be able to support production, they will need backing from the administration since, as the president notes, “their primary problem is that they are low on capital, so we need to boost their capital”.
Their second major hurdle is the “unhealthy competition” taking shape in the banking sector, which the president says must end. He added that at present, a number of banks secretly offer higher interest rates to attract more deposits.
He also pointed to illegal credit institutions and said “we still need to take steps to complete what has already been done”, in reference to CBI efforts to resolve the problems of illegal institutions.
Post From Dinar Alert
DA Member News Highlights & Comments 8-31-17
Enorrste: This article (Below) reads like a grade school primer. It lays out all of the factors involved but doesn't actually make any committments, except for one: it clearly refers to moving to a floating dinar rather than to an RV. Oh, it also makes it clear that the IMF is behind all of this maneuvering.
I agree with KAP: can't expect much in terms of incoming investment until the IMF has completed its work to get Iraq positioned to move from Article XIV to VIII.
(More Member Comments at End Of Article)
Post From IQDCalls Chat Room
Chat Room News Excerpts & Highlights Thursday Early PM 8-31-17
tman23: ERBIL — A Turkmen leader from the Shi’ite Badr Organization called for ousting Iraqi President Fuad Masum, and all the Kurdish ministers from Baghdad, in response to the independence vote the Kurdistan Region has planned to hold in September.
In an interview with Baghdad-based Al Rasheed TV, Mohammad Mahdi al-Bayati, the Shi’ite militia leader said that the President of Iraq must leave Baghdad, arguing that “there is no sense that the president is from Kurds.”
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Frank26: When we were talking, I told him, I said: you know what sir? You know what, sir? This kind of reminds me a little bit about… You know those football players that refuse to stand up for the national anthem? He said: yeah, what about those punks?
[Transcriber’s note: this conversation may get a little difficult to follow so I will designate Walkingstick’s words with WS, and Frank’s words with an F.]
F: They probably have never fought for the freedom of their country, for the rights of their parents, of their families. They’ve never been in harm’s way before. They don’t know what it’s like. They don’t know what it’s like. WS: Well, they should know what it’s like to cover a six. F: I know, sir. I know, I know. I know, those that don’t stand up to salute the flag are disrespecting the freedom of those that have given it to them.
They are selfish. They are abusing a right that many soldiers have paid the price for. They are spoiled brats, and I understand that you feel negative.
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Aggiedad77: FAMILY HERE ARE THE NOTES FROM THE MONDAY NIGHT CC.....THEY ARE COURTESY OF AN ANONYMOUS KTFA MEMBER PLEASE ENJOY THEM....AGAIN MONDAY NIGHT CC NOTES Aloha Randy
KTFA Conference Call – August 28, 2017
*** The comments made by Frank26, Delta, and others are their sole OPINIONS and cannot and should not be used as any form of financial, tax, banking or investment advice! We offer NO DATE, NO RATE on this forum!!! ***
CC Notes Monday, August 28, 2017
Frank26: Now, what we’re going to do is walk into the second part of our conference call tonight which is the study of the Iraqi Dinar.
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Samson: The holiday is five days from Friday to Wednesday
30th August, 2017
The General Secretariat of the Council of Ministers announced on Wednesday in a brief statement that "Eid al-Adha holiday will begin on Friday 1/9/2017 and resume on Wednesday, 6/9/2017
On Monday, the Iraqi cabinet denied reports that the Eid al-Adha holiday had been set.
The Council pointed out that "the news that the Secretariat of the Council of Ministers announced on Sunday evening that the holiday of Eid al-Adha will begin from Thursday, August 31, until Tuesday, September 5, is incorrect and was published by Before the mass citizen was contacted by the Secretariat and warn of the publication of news in the future. "
It is noteworthy that the Kurdistan Regional Government, set earlier in the days of Eid al-Adha, from August 31, until September 5 next, noting that "on Wednesday, September 6 will be an official term."
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