Frank’s CC Notes 4.16.2012
Delta is on the call.
Delta is in good mood. Both he and Frank are excited.
3 ministers are coming soon? Yes says Delta; when Parliament comes back. Meeting between the three presidencies takes place.
Talibani is not out of Iraq. It’s Barzani. Maliki and Talibani waits for him to come back.
3 ministers may well be implemented around NC. Once they meet they will set a date for the NC.
It’s in Maliki’s interest to resolve all problems or he will have problems himself.
Over the weekend a big article stating the GOI taking over the CBI. It’s false. On TV they speak of the need to share information and tell the CBI what they are doing. It’s about coordination. They have to be working together.
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Not a big deal on TV. Media (newspapers) are making it a big deal.
The GOI asked the CBI to just hold up a little bit for some reason. The PM cabinet did have some kind of meeting; they came back and said they had to hold things up for a little bit. CBI doesn’t have to listen. These are two different things. The GOI asked not to lift 3 zeros just yet. Nothing to do with the RV; it’s not being cancelled.
GOI has to do different calculations. They have to calculate for all of the different transactions.
The GOI transferred 200 billion to support the dinar exchange rate. Not the CBI. HUGE news!
Dr. Shabibi left Iraq to attend G20 this week.
None of the teams know the date of the RV. They come up with potential windows to see the RV occur to the best of their knowledge.
No bad news. Currency has to RV. Inflation is rising. IMF is placing pressure on Maliki. They can’t put this off much longer.
Kuwait and Iraq meeting postponed until next week. Ministers were both out of the country.
First flight from Kuwait to Iraq after 21- 23 years is taking place tomorrow, Tuesday.
50 Kuwaiti companies are entering Iraq this month. There are good relations between the two countries.
Frank and Delta dialog the following…
Frank asks Delta about the Meeting between Talibani and Maliki; what does Delta feel the weight of this meeting is to resolve outstanding issues? Delta thinks this is important for Maliki to fix things with the Kurds.
The 200 billion transfer of funds is an International transfer. This is HUGE for our investment! They are staging themselves. It was to support the exchange rate of the Dinar. This was told to the people on TV!!! This does not include the 65 billion in reserves. They have 120% backup on 65 billion reserves. If CBI has 120% backup what are they waiting for??? Another 200 billion backup of currency is 3 times as much +20% they could support a 3.50ish rate.
Mentioning the resigning of the 13303 will happen. Obama will sign it says Frank. US promised to get Iraq out of Chapter 7. US promised to protect Iraqi funds.
Memphis – 120% article that came out; they mentioned they have plenty of money to cover the currency. Was on TV too said Delta. They have money Memphis. The money frozen, they have close to 2 trillion dollars stashed away around the world. Might be higher…. Don’t know. Question if they have all of this then why aren’t they revaluing their currency. Memphis, says this, is the first time they have mentioned things in this way. Delta says that from what he knows they have many of the denominations ready to go.
Another article came out that mentioned 180 billion; some watchdog committee. Seeing this but not seeing where the money disappeared to. A lot of things behind closed doors. Everything is audited by international auditing.
Delta says we are just waiting for the announcement. CBI has told us “in coming few days”
Memphis says they (media) articles) have abandoned the agenda for 2013…
When Shabibi disappears for good reasons and sends out Saleh. Saleh has been quiet too now.
We are really very close to the event.
New team member Cobalt has been recruited to helping find out information about meetings behind closed doors.
The CBI and GOI are very quiet right now. No ruffling of feathers going on. The GOI is telling the CBI to do something about this.
The lifting of the IQD is now everywhere. Media is randomly shuffled and thrown out to us. Don’t care for media too much. The TV is different.
Most Iraqis in the villages are illiterate. So TV and radio are the most important. We believe they are using the TV to tell them what is happening and what to do. The newspapers are used to confuse.
Citizens are becoming confused. They don’t know what to do. They don’t know whether to hold on to USD or IQD right now. There are many complaints in the newspapers to add confusion.
Shabibi and Saleh (CBI) are being pestered by GOI now. They showed us a lot of good things. Not ready to let go yet. Why? Things we just aren’t supposed to know or don’t know about.
According the CBI and the constitution is to share what they are doing. Shabibi has held back and did things behind closed doors. He knew if he told the GOI they would mess things up.
Things are so different now; this year. Currency and lifting of zeros talked about constantly all over the place.
We think all these meetings are the coordination taking place between the GOI and CBI.
Financial committee has nothing to do with Parliament. They are working things out.
The GOI is not coming out the way the articles are portraying. They are coordinating. Ignore the article about not lifting the zeros. They are asking to just to hold things up a little so they can get a few things in order prior. Just need a little more time. Don’t take your time, but take time says CBI to GOI.
There is nothing wrong going on with our investment. Everything is going very well.
Shabibi was in Switzerland last few days; but now attending the G20 and Financial Ministers meeting.
There is much bragging about the 200 billion and 65 billion reserves to back up and support the new exchange rate that is coming. It’s all over the TV.
Maliki didn’t arrest anyone. Not true.
Not much on Chapter 7 lately; there is a lull in hearing news regarding it. DONE !!