Post From Dinar Updates 2-17-16
Chat Room Excerpts & Highlights
Dinar Updates Wednesday Afternoon Chat 2-17-16 Part 2 of 2
wmawhite says( Help me folks,........I don't understand what the end of February has to do with Iraq.
jarhead says we're hoping monetary change
jarhead says to exchange :D
R&R says to wmawhite I do not know what will happen, but I know the IMP SMP/MOU has requested (mandated?) that they end MCP and auctions....
wmawhite says to jarhead Ohhhhh, still don't understand because the change can happen tomorrow or in April or at any time.
jarhead says right
R&R says to wmawhite that is 100% correct...anytime
jarhead says jus wishful thinkin
wmawhite says to R&R Exactly......and we see reason to believe that those items are taking place.
wmawhite says to R&R (y)
R&R says to wmawhite BTW *IMP = IMF (above)
wmawhite says to R&R( understood
rcookie says to R&R IMP=IRAQI MOTOR POOL....
R&R says to rcookie LOL ... or Immunity for Ministers, Please?
Loopback says So approximately 2 weeks ago the US said the Iraq need to do something about the Popular Crowd. Then Sadr comes out and says that the Crowd needs to because part of Iraqs regular army. Then this announcement comes out!
jarhead says yall mean iraqi money pit (:o)
Loopback says Curtail the influence of militias, the crowd laid off a third of its fighters
Writings Wednesday , February 17, 2016
Began criticism went to the militia Popular Mobilization Forces in Iraq Order to reduce the role and prevent Ngolha where today announced it was laying off a third of the fighters of this military formation but under the pretext of the financial crisis experienced by the country ..
And announced the leadership of the popular crowd today announced the layoffs third elements popular crowd of Iraqi militias fighting organize "Daash" citing the financial crisis experienced by the country without giving further details in its statement, issued Wednesday, where I took these militias committed serious violations in the name of the crowd, which form the basis for the fight against these violations Daash but also affected the Iraqis.
Loopback says But Iraqi sources questioned the fact demobilized elements of the crowd this the decision came after 24 hours of the announcement manageable crowd orders to arrest what it called "impersonators recipe popular crowd" in a tacit admission of the excesses of its elements ..
as required orders in coordination with the Baghdad Operations Command to close what it said were " headquarters delusional "to factions of the crowd according to the law and the orders of a judicial it orders issued by the deputy chief of the crowd Abu Mahdi Mohandes known that he was one of the elements of the Iranian Revolutionary Guards when he was in Iran on the run from Iraq in the era of the former regime.
Loopback says After 20 months of the formation of the popular crowd began fingers official went to the leaders and elements of the excesses and financial corruption is obviously aimed to curb lawlessness operations that accompanied his career since he called for the formation top Shi'ite cleric Ali al-Sistani after the occupation of Daash the northern city of Mosul and threatened to march on the cities of Najaf and Karbala, the holy Shiite in June year 2014.
According to the leaders of the crowd that the number of elements of one hundred thousand armed but a semi-official sources say that the number of no more than 60 thousand, raising suspicions of corruption in the preparation of its elements in the salaries of the theft of their names only in the lists formed falsely.
17&p=145280#post145280 broken link
jarhead says so they want the people to fight for the country for free ??
Loopback says Last Monday Prime Minister Haider al-Abadi called on the leaders of the crowd to detect and combat corruption and said that the popular crowd management problem of increasing number of outside customizations. He explained that "there are aliens are paid salaries in the crowd instead of the Mujahideen fighters in the battlefield."
He accused al-Abadi views unnamed possession of a small portion of the fighters in the popular crowd, but earn big salaries and to fund themselves in the next election.
Loopback says The Taiviyh practices of the elements of the crowd through the liberalization of the city of Tikrit, the capital of Salahuddin province, Western last summer has sparked internal and external criticism against him to the extent of being accused of crimes a war against humanity.
This prompted States and Iraqi forces to prevent the crowd from participating in the liberation of Ramadi, capital of western Anbar province, the city which is the same thing, which is currently the subject of debate about the participation of the crowd in the battle to liberate Mosul ahead or not.
Iraqi sources spoke of her "Culture" revealed a trend toward annexation The crowd organizationally to the security forces to put it under the command of the commander in chief of the armed forces, which Abadi same actual command to limit the clout and puts them under the control of the military leadership.
Loopback says The sources said that the other solution is to limit the influence of armed militias is the current trend of the House of Representatives to approve the conscription law, which will lead to young Iraqis from all sects and nationalities involved in the formation of security forces that strike a balance where the components of the Iraqi Sunnis complain that their representation in these forces not exceed the proportion of 15 percent, which he referred to President of the Council, Salim al recently.
Read More :
Loopback says Iraqi sources spoke of her "Culture" revealed a trend toward annexation The crowd organizationally to the security forces to put it under the command of the commander in chief of the armed forces, which Abadi same actual command to limit the clout and puts them under the control of the military leadership.
Loopback says THEY NEVER GET ANYTHING DONE IN IRAQ. SLACKERS!! SLACKERS I TELL YA!!
luvmydream says( WOW ty LOOP
Loopback says LOOKS LIKE THEY MAY HAVE GOTTEN THE MESSAGE. WHAT DO YOU THINK?
luvmydream says to Loopback wasn't the popular crowd request the same time as the 71 names?
rcookie says YES...AND UNDER CONSCRIPTION THEY ARE ALL GOING TO SERVE ANYHOW...
Loopback says to luvmydream I was about the same time if not at the same time. Not really sure.
luvmydream says cool they are really getting on it and getting stuff lined out. amazing to watch this unfold!!!
Loopback says to rcookie Server under who. THE PRIME MINISTER!!!
rcookie says to Loopback UNIFIED NATIONAL FORCE....
rcookie says to luvmydream LUV ...REGARDING QUESTION ABOUT MCP AND AUCTION HALT...
Loopback says to rcookie ANOTHER HUGE PIECE OF NEWS!!. ARE YOU GUY PUMPED OR WHAT?
Loopback says to rcookie GUYS..
luvmydream says everyone must be napping :D
Loopback says to rcookie or are all of you dead??
Loopback says to rcookie Is this this on. Testing 1 2 3...
rcookie says to Loopback NO SIR LOOP...
rcookie says to Loopback LOL
jarhead says 456
JD1 says stunned
rcookie says to Loopback SAY MALIKI...
luvmydream says lmbo
rcookie says to Loopback OR PALACE...
luvmydream says (lol)
larrykn says hi all, ok what did I miss lol
Loopback says to rcookie( WHAT MALIKI EXPLODED!!
rcookie says to Loopback LIKE CATNIP....
clay01 says say new rare
rcookie says to Loopback OR BAT SIGNAL TO PABLO....
clay01 says rate
Loopback says to rcookie AND ALL OF THE STOLEN DINAR RAINED ON THE STREETS!
Loopback says to rcookie WOW!!
larrykn says rate did someone say rate :)
rcookie says to Loopback :D
luvmydream says to larrykn( Loop just brought in an awesome article about the popular crowd :)
larrykn says has it been copied yet
clay01 says just tuned in
rcookie says to luvmydream NOT THE ONES FROM HIGH SCHOOL....
larrykn says where is our copier :D
Loopback says to larrykn http://www.dinarupdates.com/showthre...280#post145280
larrykn says ty loop
Loopback says to larrykn :)
clay01 says thks
rcookie says to luvmydream HERE IS VERBIAGE OFF OF SIERRA LEONE IMF ARTICLE IV CONSULTATION AND MCP PROGRAM....
jimplants says i have been on our governments property since monday with an awesome 1920s internet absolutely none so i have some catching up to do
arhead says semi civilization anyways lol
rcookie says to luvmydream https://books.google.com/books?id=Wj...%20MCP&f=false
jarhead says so if they stop the auctions is this a big green light for us ??
luvmydream says to rcookie TY
rcookie says to luvmydream INTERESTING THAT END OF 1ST PARAGRAPH THEY STATE THEY CONTINUE TO AWAIT TECHNICAL ASSISTANCE BY THE FUND TO PUT INTO PLACE APPROPRIATE SAFEGUARDS IN THE AUCTION SYSTEM TO PREVENT RE-INTRODUCTION OF MCP'S....
luvmydream says to rcookie yeah that is very interesting and kinda exciting
rcookie says to luvmydream IRAQ IS AND HAS BEEN UNDER TECHNICAL ASSISTANCE PROGRAM...
jimplants says to prevent re-introduction sounds mighty fine
luvmydream says to rcookie yup that's what makes that soo exciting to see
rcookie says to luvmydream NOW RAD THIS ONE FROM LESS THAN A MONTH AGO REGARDING NIGERIA....
rcookie says to luvmydream READ*
rcookie says to luvmydream(12:49 PM):
CBN stops daily currency auction for banks
By Chijioke Nelson on January 18, 2016 2:00 am
rcookie says to luvmydream Dollar may sell for N320 at parallel market this week
STILL exploring ways of conserving foreign exchange (forex), the Central Bank of Nigeria (CBN) has discontinued its daily auction to banks . The banks are now to begin self-sustenance by sourcing forex by themselves.
The development may mean that the regulator will now be intervening in the foreign exchange market occasionally and will leave banks with the determination of how much of the deposited foreign currencies by the customers will be disbursed back to them.
rcookie says to luvmydream CBN had on Monday unveiled a new foreign exchange plan, in which bureau de change (BDG) operators were shut out of the official weekly intervention.
But an analyst who spoke to The Guardian on a condition of anonymity said the move was a subtle approach similar to that of the BDCs.
The Director of Financial Market, CBN, Emmanuel Ukeje, affirmed the apex bank’s position, saying: “We will not sell (dollars) on a daily basis any more. Whenever we do the auction everybody bids.”
Before now, commercial banks used to make naira provisions to the CBN with their bid for foreign exchange ahead of the auction, which is conducted daily for sectors.
rcookie says to luvmydream HERES THE LINK....
rcookie says to luvmydream SO IT LOOK AS THOUGH THERE CAN BE A WEENING PROCESS OR ABRUBT HALT TO THE MCP/CURRENCY AUCTIONS.....
rcookie says to luvmydream DEPENDING ON CIRCUMSTANCES...
Pablo says Let's hope for abrupt halt.
luvmydream says it's been steadily decreasing so thats awesome :)
luvmydream says to rcookie Thank you very much for all that info
jarhead says to rcookie thanks for splainin it in dummie english :)
poppy3 says just reported to me IRAN IRAQ NOT ONLY EFFECTING US IT IS HOLDING UP THE ENTIRE CBI WANTING AND NEEDING TO RAISE THEIR RATE AND ARE ASKING IRAQ CBI TO GET ON WITH REFORM. ‘
REPORTED THEY ARE STALLING RECOVERY FOR THE ENTIRE MIDDLE EAST. GUYS I STILL THINK THEY WILL ANNOUNCE NEW RATE SOMETIME BETWEEN NOW AND THE END OF THE FIRST WEEK OF MARCH.
TIME WILL TELL BUT I LIKE WHERE WE ARE TODAY. OH ALSO MY OPINION ABADI RESIGNING IS JUST A SHOW HE'S NOT GOING ANYWHEREHE HAS WORKED TO HARD TO GET THEM HEADED THE RIGHT DIRECTION. POPPY3
jarhead says we'll see
luvmydream says thanks POPPY3
dwightj says ITS GETTING CLOSER AND EVERYONE IS MOVEING THIER DATES BACK WAITING ON SOMETHING
poppy3 says IM GOING TO TAKE A NAP THEN GET UP AND COUNT MY DINAR. POPPY3
Loopback says Open letter to Mr. Prime Minister road map for overcoming the economic and financial crisis to Government technocrats sought
- POSTED ON 17/02/2016
Since 2003 until present, the Iraqi economy has suffered from the loss of economic planning and policy strategies and weak dispersion and chaos and confusion in the administration of the economy and various sectors, leading to double its contribution to GDP and the focus was on oil as the main supplier of economic resources which limits (56%-60%) Of GDP and 93% of the total budget revenues.
Read More :
Loopback says t was the Iraqi economy walking man one and the other lame, which contributed to the aggravation of the problems is the mismanagement of public funds and administrative and financial corruption and marginalization and national economic cadres dimensions (technocrats) on the management of economic actors in addition external economic conditions including the instability in oil prices and the rise and decline and the inability of the previous Governments of sovereign Fund (reserve) when oil prices rise as the rest of the oil producing region.
Loopback says And unsettling economic process in Iraq and its complexity is the lack of fiscal and monetary policy in a clear and specific objectives and strategies, which resulted in a lack of control over fixed rates and balanced exchange rate of the Iraqi dinar against foreign currencies, adding that some applications of monetary policy as the auction sale of daily currency contributed to leak large amounts of foreign currency outside Iraq like importations or unreal (laundering). this happens with confused vision for coordination between fiscal and monetary policies.
Loopback says All these reasons added to instability, insecurity and the war on terrorism and theft of public money and the lack of accountability of spoilers and the inability of the competent authorities on contraband stolen funds bringing the country to the current economic and financial crisis and the economy, where the economy is currently in a phase of recession and economic collapse
To continue reading click on the following link to download a print-friendly PDF
Sameer Al-Nusairi- Open letter to PM Abbadi - PDF FILE
Read More :
Loopback says This is only part of the entire PDF. I have the PDF linked in the news forum. It's in Arabic so it will have to be translated to your favorite language.
wilson6060 says to poppy3 I am sorry, is that saying Iran is holding things up and the CBI is wanting to move forward with reforms..just a little confused and Thank you so much for all your posts.