DINAR UPDATES 5-23-16
Post From Dinar Updates
Chat Room Excerpts & Highlights
Dinar Updates Monday AM Chat 5-23-16 Part 2 of 2
rcookie says():SO DIRECT REFERENCE TO THE RECENT ARAB CONTRACTERS CONFERENCE IN JORDAN AND TODAYS MEETING TITLED "RECONSTRUCTION OF THE LEGISLATION AND INVESTMENT"...
WHERE THEY HAMMERED OUT AMENDMENTS NEEDED TO IMPROVE INVESTMENT LAW TO MAKE MORE STABLE AND BRING HIGHER SECURITY FOR INVESTORS...
david334 says to rcookie():So the MOF and other Arab banks are moving forward now and in a way are already which is a preamble to the currency aligment globally.
subgirl says to rcookie():WOW! that is really good stuff! (y)
subgirl says to rcookie():more stable and higher security for investors!
rcookie says():THEY MENTION THE ECONOMIC & INVESTMENT COMMISSION MODIIFYING THE LAW TO INCLUDE EQUATED ADJUSTMENTS BETWEEN FOREIGN AND IRAQI INVESTORS FOR FULL FOREIGN OWNERSHIP OF COMPANIES...
AND IRAQI BANK LOANS & GUARANTEES...AND EMNTION TRBIL BORDER CROSSING WITH JORDAN REOPENING IMPORTANCE...
_firefly_ says():To /Commerce Department/company registration service (towing company leave Damascus to mediate in buying and selling foreign currencies Ltd) 2016/5/23
david334 says to rcookie():That just answered the 64,000 question subtley
david334 says to rcookie():I gotta build a cement plant fast(H)
rcookie says():IDENTIFY ADMINISTRATIVE AND FINANCIAL CORRUPTION...AND ALBJARA FROM CoR STATES THAT AMENDING INVESTMENT LAR ARTICLE 18 IS IN NEED OF ADDRESSMENT AFTER INTERVIEWS WITH IRAQI INVESTORS..
.SO THEY ARE TAKING DIRECT FEEDBACK FROM INVESTORS AS TO WHATS NEED TO BE ADDRESSED...
rcookie says():CALLS ON LIBERATED AREAN NEED TO START FROM SCRATCH IN RECONSTRUCTION EFFORTS...
AND FACE 2 MAJOR PROBLEMS..INSECURITY & CORRUPTION....AND INDICATE NINEVEH & ANBAR AS HUGE INVESTMENT HAVENS FOR INVESTORS....
david334 says to rcookie():This is a stupid question but I am assuming Maliki et al stole dollars through the auction process or out right bribery. If someone has stolen dinars that are sitting in a bank account they are useless or stranded.
david334 says to rcookie():?
Woodywoodpecker says():he stole dollars i thought
david334 says to Woodywoodpecker():Makes sense because they couldnt convert the old currency to the new.
david334 says to Woodywoodpecker():Saw the last auction on the Observer was north of $140 million.
rcookie says():LOOKING TO USE OF CREDITS & BONDS IN ACTIVATING PROJECTS...THROUGH BANKING ACT TO PROVIDE LOANS TO INVESTORS...
AND DR TAMIMI STATED THE COMMISSION ISSUED LEGISLATION TOWARD DEVELOPING INFRASTRUCTURE INVESTMENT IN IRAQ...
AND CONCISELY IDENTIFIED THE MOST IMPORTANT LAWS PARLIAMENT APPROVED...INCLUDING AMENDING INVESTMENT LAW...AND PARTICULARLY COMPANIES LAW...
INVESTMENT PROTOCOL AGREEMENT BETWEEN IRAQ AND GERMANY & KUWAIT AS WELL AS JORDAN AND TRADE MINISTRY AGREEMENT WITH UK...AND CIVIL AVIATION LAWS AUTHORITY TASK EXPANSION....
jarhead says():i see we r obviously still in the hunt
david334 says to rcookie():Wow can't complain about the clarity and volume of info
rcookie says():3 DAY CONFERENCE STARTED SUNDAY AND ADDRESSES ALL RELEVANT ACTORS IN RECONSTRUCTION & INVESTMENT OPPORTUNITIES IN ALL SECTORS......
wmawhite says():What/who are the G-7? The Group of Seven (G7) is an informal bloc of industrialized democracies--the United States, Canada France, Germany, Italy, Japan, and the United Kingdom...............
wmawhite says():this is from the most recent IMF Agreement with Iraq; An informed source at the Ministry of Finance, on Sunday, details of the agreement concluded by Iraq with the International Monetary Fund.
wmawhite says():4 - assumed that this loan helps to strengthen the creditworthiness of Iraq, and raise the credit rating, the building "umbrella financial | pave the way for the establishment of the seven major industrialized nations (G7) to provide credit facilities for Iraq .........................
wmawhite says():pave the way for the establishment of the seven major industrialized nations (G7) to provide credit facilities for Iraq .........................
cjquade54 says():gotta like that !!
wmawhite says():Folks,.............you can take your "countdown clocks" for the end of June and throw them in the trash.......
wisconsindinar says():why because it will happen before then?
wmawhite says():As Bill Clinton would ask......what is "it"?
wmawhite says():it will happen? What is it?
wisconsindinar says():a major valu change for the Dinar
wmawhite says():The "it" to me has always been what the IMF stated last year...."that Iraq WILL enter into the economy market during the first half of next (2016) year.
wisconsindinar says():Im positive thinking is all
wisconsindinar says():me too..and hoping value is part of that process
wmawhite says():The "it" has been happeining and IMO, with this agreement and the statement the IMF made (see above), Iraq has walked through that door and has entered the economy market.
Elane says():Ohhhh my Lord in Heaven!
wmawhite says():Here it is again......."4 - assumed that this loan helps to strengthen the creditworthiness of Iraq, and raise the credit rating, the building "umbrella financial | pave the way for the establishment of the seven major industrialized nations (G7) to provide credit facilities for Iraq "
wmawhite says():The Group of Seven (G7) is an informal bloc of industrialized democracies--the United States, Canada France, Germany, Italy, Japan, and the United Kingdom-
wisconsindinar says():IYO....can iraq continue with the current value and enter international markets?
jarhead says():guess i rode the short bus...im lost
wisconsindinar says():me to jar...mr white and rcookie are helping me ! (y)
wmawhite says to wisconsindinar():first of all...............IMO,......they have entered (pass tense).....done, they are in it, they are negotiating with the G7. second, IMO, a change in the status of the IQD will be a result of this action. And why do I say this? Because Iraq has told us this very information.
jarhead says():im beyond help...i think
Elane says():This is just AWESOME!!!!
cjquade54 says():if your opinion is correct, a change in IQD status has to be just around the corner I would think.
cjquade54 says():even right at the door
Elane says():BAM.... I think could be the word
subgirl says to cjquade54():(y)
wisconsindinar says():Mr White....thanks ...makes perfect sense
BobG says to jarhead():LOL
jarhead says():i dont want it to make sense....i want it to make a boatload of CENTS!!!
BobG says():I was just checkin in to see whats new in the Dinar world.......Pretty quiet in here I see
wisconsindinar says():Bob everyones at the bank !
jarhead says():in my case the banks knockin on the door
wisconsindinar says():lol...they are comming to you !
jarhead says():not for my benifit
rcookie says():AUCTIONS AT $123 MILLION....
cjquade54 says to rcookie():hey RC .. just wondering if you share Mr W opinion that Iraq has entered the international market?
cjquade54 says to rcookie():as in past tense
rcookie says():JABOURI MEETING WITH POLITICAL BLOC HEADS TOMORROW TO DETERMINE NEXT PARLIAMENT MEETING DATE....
rcookie says to cjquade54():YES I DO....
cjquade54 says to rcookie():excellent TY (handshake)
rcookie says():Jubouri Erbil: We will meet tomorrow with the heads of blocs and we will go towards determining the date of the parliamentary session
wisconsindinar says():and G7 meeting and agreements should be where the value is determaned
STARBUCK says():Hello to the room.....RC.....a question please......so if iraq is part of the world market now, what does that mean for us as currency holders? It's all great they are international but with all respect, I still have dinar in my pocket. What do you see for us in the near future?
rcookie says():THE WORLD MARKET IS MULTI FACETED....BANKING...BONDS...LOANS...INVESTMENT... STOCKS...REAL ESTATE..INSURANCE.....AND ALL EXECUTING THROUGH A TRANSITIONED PRIVATE SECTOR SYSTEM...
rcookie says():JUST THIS MORNING THERE WAS AN ARTICLE ABOUT THE AMENDMENT OF INVESTMENT LAW AFTER CAREFUL REVIEW OF FEEDBACK FROM IRAQI INVESTORS TO PARAGRAPH 18 OF INVESTMENT LAW...
wisconsindinar says():Poppy3 I AM TRULY...ACCORDING TO IMF...EXPECTING THE NEW RATE IN JUNE AND NO LATER THAN THE FIRST WEEK OF JULY.
WE SHALL SEE...VERY SOON THEY ARE SURE PUSHING THINGS FAST IN SPITE OF MALIKI VIOLENCE.
wisconsindinar says():Poppy likes this June time frame..?
BobG says():Why do I always feel like the one chasing the dangling carrot?
rcookie says():THE ACCEPTANCE OF ARTICLE VIII OBLIGATIONS...IMPLEMENTATION OF LD'S..
rcookie says():BBL..DROPPING SON OFF FOR ARMY AIRBORNE IN FT BENNING...
tman23 says():We see that Kurd region banks have now adjusted their rate to 131,000 IQD per 100 usd..... And was 128,000 to 100 usd....... What we knew was the CBI intentions were to hold at 1305.......
To avoid long drawn out debate and explaining what it means and being labeled negative nellies........ Just take it as the KRG region is now exactly what the rest of Iraq is.......which means all the banks are on CBI protocols.........
where'sthebeef says to tman23():awesome