Thanks My Ladies For allowing us to share this today.
MY LADIES: OK SO LETS HAVE A LOOK AROUND..THE MEETING WAS HELD WITH THE PARLIAMENTARY COMMITTEE AND CBI GOVERNOR AND ABADI, AND IT WAS DETERMINED THAT THE CBI IS NOT AT FAULT FOR THE RISE OF THE DOLLAR AGAINST THE DINAR.
DINAR LAND NEEDS TO GO FIND A NEW VILLIAN...LOL..
Claims activating the economic role of the police .. MPs reckon falling dollar at 1200 dinars
BAGHDAD / JD / .. number of experts and specialists in the financial affairs urged the Iraqi government to activate the economic role of the police to prosecute manipulators national economy and to adjust the dinar exchange rate against the dollar, while the likely number of members of the Economic Commission landing dollar prices and the return to more normal levels in the market, which was in 1200 dinars to the dollar.
The economist said Hamid al-Musawi, that there is a deliberate parties trying to national currency target through the events of speculation in the market to make the dollar exchange rate rises gradually, with evidence that central bank sales of foreign exchange and fixed in the same quantities that were sold in the past, what means that the Central Bank does not bear the responsibility of what happened from the deterioration of the national currency .
He said al-Moussawi told / JD /: It is supposed to activate the supervisory role to mediate and banking offices, local banks and audit operations buying and selling through the fight against economic crime police directing and activate its role to the arrest of each of the companies trying to harm the Iraqi economy and punished according to the law.
For his part, expert at the Central Bank on behalf of Hadi al-Tamimi, said the Central Bank of Iraq met with the Ministry of Finance in order to avoid crisis high dollar prices in front of the Iraqi dinar, and has taken a number decisions, including failure to respond any request to buy a dollar.
He said Tamimi Agency / JD /: that these decisions have contributed to the reduction of the dollar and a gradual rate, adding that "the most prominent factors that have contributed to reducing the exchange rate, and increased central bank sales of up to $ 85 million a day, in addition to the Governor of the Bank's statement that a reserve currency are hard for very good It covers Dinar by over 100%.
MY LADIES: OH THEY ARE GOING TO CONTINUE WITH THE CAP BUT RAISED IT TO 85 MILLION A DAY.
"It will open outlets to sell the dollar for humanitarian cases and increase the availability of the dollar and the acceptance of any application submitted for the purchase of dollars by banks for the purpose of paying customers needs measures to remain in control of the market," adding that "the Bank has decided to Saturday an official time for all departments belong to him, and Aaltrat on punishing companies until further notice, as well as reduce the deposit period for feeding the external accounts of banks amounts. "
MY LADIES: OH SO OK THE BANKS WILL NEED TO SUBMIT APPLICATIONS WITH THE CUSTOMERS NEEDS FOR THE DOLLAR.
WE SAW THIS LAST WEEK COME FROM THE CBI WHEN THEY OFFERED A COMMISSION TO THE EXCHANGERS OF 1 DINAR PER 1 USD FOR THEM TO HANDLE ALL THE PAPERWORK AND KEEP A DETAILED RECORD OF WHERE THE DOLLAR IS GOING.
The Committee on the economy and investment parliamentary reduced the risk of sudden and dramatic rise the price of the dollar against the dinar on the domestic market, saying that my time to rise and will return to normal level.
She said committee member Rep. Najiba Najib told / JD /: The rise of the dollar exchange rate against the dinar is normal to what is going through the country from crises on the security and economic level, noting that my time will come back to its normal price.
It added that the central bank will take swift action and urgent after the meeting, which was held under the chairmanship of Prime Minister Haider al-Abadi and Finance Minister Hoshyar Zebari and Oil Minister Adel Abdul Mahdi, as well as some of the experts and specialists, stressing that these measures would re-dollar exchange rate to 1,200 dinars to the dollar.
and saw the dollar rise gradually against the dinar has arrived to the price of 1500 dinars to the dollar during the past few days. / end / 8 /
MY LADIES: OH MY I JUST FOUND SOMETHING VERY INTERESTING...NOVA ARE YOU STILL HERE ???
Governor of the Central Bank proposes to abolish the bank auction to sell the dollar and suspended customs duties
Governor of the Central Bank of Iraq and the Agency on the Keywords proposed eliminating private bank auction sale of foreign currencies including the US dollar to save the exchange rate against the Iraqi dinar.
According to a parliamentary source familiar, he told all of Iraq [where], that "Keywords explained through hosted today in the parliamentary finance committee, that he has solutions studied with specialists in order to ward off any risk and prevent the increase of the dollar exchange rate, which the central bank output from the sale of the dollar, and edit price without any limitation and sell it to anyone who wants to buy it, because there is a reserve in the bank responds to any request with the restriction of sales instructions and controls but this is what the Bank can not be done. "
"As Keywords suggested stop customs duties, as the majority of cases of corruption in border crossing points, and corruption among officials at border crossing points. "
the source quoted Keywords emphasis on "the need to activate controls on money laundering operations because there is an economic crime committed and should be monitored."
He attributed the Governor of the Central Bank crisis high dollar exchange rates, "the existence of banks to buy bills forged for the withdrawal of currency ", pointing out that" Jordan and Dubai adopted to control about Iraqi remittances as Dubai refused entry to the next remittances from Iraq that b [dollar] and proceeded to turn it into the UAE dirham to allow entry , "referring to the" lack of cooperation by Turkey in this aspect. "
He said Keywords that "the five banks by indicators such transfers, and up profit per day to around 22 million dollars."
The governor of the Iraqi Central Bank and the Agency on the Keywords commented yesterday on the financial budget for the 2015 law on determining auction sales Bank for $ 75 million. "We We sell in the daily bank auction amount of dollar exceed the amount of the $ 75 million set in the budget law because we have an objection to Thdbd amount of sales cash Valssayash essence is the use of these goals, and if they restricted in advance they are robbed of the flexibility of the bank, "adding that" there are no our intention to change the exchange rate in the auction, ".anthy
MY LADIES: AND HERE IS THE SAME BUT A LITTTLE DIFFERENT
Chalabi: we proposed to the Central Bank controls to combat money laundering and accounting offenses
head of the parliamentary finance committee, Ahmed Chalabi announced a proposal for a committee of the Central Bank of Iraq put controls in the fight against money laundering and to hold the perpetrators to reduce the high US dollar exchange rates.
Chalabi said at a news conference at the parliament building with a number of members of the committee and in the presence of the governor of the bank and the agency on the Keywords attended by the correspondent Agency all of Iraq [where] that "the Finance Committee today held Astnthaiah session in the legislative recess of the parliament to discuss the reasons for the high dollar and the amount of supply in the bank auction and was attended by Governor of the Bank and head of private banks Authority and director of the fight against organized crime. "
He added "We looked at the causes of fluctuation of the dollar prices in the previous period both parties and made roposals and all agreed to change the contexts of existing and developing new ones to defend the value of the Iraqi dinar."
He pointed Chalabi to that the Finance Committee " It applauded the liberalization of the currency with controls to combat laundering financial aid also submitted proposals that the central bank takes measures with Banks worked with him the need for people accountable or those who possess them evidence of organized crime, according to the powers of the governor and the bank. "
For his part, Governor of the Central Bank on the Keywords that "frequent meetings with Finance Committee indicates the interest the two sides to save the value of the dinar and address the causes of the fluctuation of the dollar and we met today was about monetary policy and find proposals that meet the economic reality and the independence of the bank's requirements with a discussion of Iraq pledges Foreign and not put restriction on the dollar exchange rate being we do not allow the Iraqi currency be a cover for guerrilla " .
The source of parliamentary revealed to [where] the Keywords suggested hosted by Finance Committee of the parliamentary session today, "the abolition of the private bank's auction sale of foreign currencies including the US dollar to save the exchange rate against the Iraqi dinar and prevent the increase of the dollar exchange rate, and the liberalization of price without any limitation and sold each Who wants to buy it, because there is a reserve in the bank responds to any request with the restriction of sales instructions and controls but this is what the Bank can not be done. "
The source added, "as Keywords suggested suspended customs duties, as the majority of cases of corruption at border crossing points, and corruption among officials in border crossing points ".anthy 2
IQD NOVA: IRAQ IS DEALING WITH THE REALITY OF NOT HAVING THE RIGHT TO USE THE MECHANISM THAT DEALS WITH ITS CURRENCY.
WE ALL KNOW THAT THE MECHANISM IS IN PLACE AND READY TO BE USED. THERE JUST WAITING FOR SOMEONE TO TELL THEM THEY CAN.
OVER AND OVER WE SEE THE CONSEQUENCES OF IRAQ NOT HAVING AN ELECTRONICALLY TRADABLE CURRENCY.
WILL THEY BE LEFT BEHIND?? NO!!!!!
MY LADIES: WHAT IS YOUR FIGURING FOR DUBAI AND JORDAN TAKING THEIR POSITION WITH THE DINAR?? WHAT ABOUT THE NO RESTRICTIONS?? AND THEN THE ONE I POSTED AFTER ABOUT NO RESTRICTION ON EXCHANGE RATE...NOT ON SALES...ON EXCHANGE RATE??
IQD NOVA: I AGREE!!!! THATS WHY I USED THE WORD "MECHANISM "
MY LADIES: YEA...BUT YOU KNOW THAT GNAWING LITTLE THING THAT'S IN MY HEAD??? WELL IT'S SORT OF LOUD RIGHT NOW....LOL...LOL... I THINK THERE IS SOMETHING IN THERE
PrincessDD: Greece presents new financial proposals to European leaders http://www.theeagle.com/news/business/greece-presents-new-financial-proposals-to-european-leaders/article_9297b7cd-f286-54ca-b0fd-a18d28d43afd.html
Greece's creditor institutions to meet 1500 GMT, await new proposal http://www.reuters.com/article/2015/06/21/eurozone-greece-meeting-idUSL8N0Z70I920150621
Game of Chicken Over Greece Risks Slipping out of Control http://abcnews.go.com/International/wireStory/game-chicken-greece-risks-slipping-control-31922630
IQD NOVA: IF THERE IS A PERMANENT SOLUTION THERE WILL BE "DEBT FORGIVENESS " IN THE DEAL THAT WILL CAUSE A WAVE THRU THE DEBT MARKETS THAT WILL SEE ITS BOTTOM AT 2015.75
PrincessDD: Last Days of Pompeii in Greece as crunch time approaches http://www.telegraph.co.uk/news/worldnews/europe/greece/11688812/Last-Days-of-Pompeii-in-Greece-as-crunch-time-approaches.html
Athens says Europe doesnt need IMF http://www.bangkokpost.com/business/world/598816/athens-says-europe-doesn-t-need-imf
E.D. We are still in “The Perfect Storm”
PrincessDD: Russia isn’t a pawn on America’s chessboard http://rt.com/op-edge/268693-putin-west-economic-forum-hypocrisy/
PrincessDD: Belgium Unfreezes Russian Assets Seized In Yukos Legal Fight http://www.ibtimes.com/belgium-unfreezes-russian-assets-seized-yukos-legal-fight-1976386
MY LADIES: YOU KNOW PRINCESS THERE IS A LOT TO BELGIUM...STAY WITH IT OK, THEY HAVE A BOND SALE THIS WEEK AND THEY HAVE BEEN A MIDDLE MAN FOR CHINA FOR A LONG TIME...
PrincessDD: This sure raises an eyebrow
Saudi Arabia and Russia to Invest Up to $10 Billion in Joint Fund – Report http://www.themoscowtimes.com/business/article/saudi-arabia-and-russia-to-invest-up-to-10-billion-in-joint-fund-report/524077.html
Early Sunday Evening
Bandito Rox: (*) Greece and Germany Agree the Euro Can't Work
MY LADIES: NO MATTER WHAT THE OUTCOME IS, IT'S OVER..THE EURO IS A PART OF THE PROBLEM, THERE WILL NEED TO BE SOME SORT OF DEBT RELEIF WHETHER THEY STAY OR GO AND THE SAME HORRIBLE EFFECT WILL BE FELT.
THIS IS THE BEGINNING OF THE END OF THE EURO ZONE AS IT ONCE WAS...AND WHO KNOWS RIGHT NOW THINGS ARE NOT LOOKING GOOD FOR THE EURO EITHER...
SO FOLKS DAM DA DAM DAM...THIS WEEK WILL BE TOTAL CONFUSION.
THE IMF KNEW THIS WAS HAPPENING SINCE 2013 TRUST AND BELEIVE THE IMPORTANT COUNTRIES ARE READY AND WAITING TO STEP INTO SOMETHING NEW
MY LADIES: Monday’s EU Summit & Trioka’s Misguided View of Greece
Posted on June 21, 2015 by Martin Armstrong
The summit of the new super–heroes known as the Euro-Rescuers on Monday, are lost in the canyons of the their own minds for they do not comprehend how the economy functions in the least. They just cannot see the problem for they lack a mirror and will never question themselves as a problem.
Consequently, the same line of thinking that has created this nightmare where Democracy is being extinguished as they see it for our own good, can never possibly solve the crisis which they created
The European Union is indeed on the ropes and their arrogance as lawyers cannot see the reality of economics. They view the world only through the power of their pen to write a law and DEMAND under threat of penalty we do as they command. This group of super–heroes lack the comprehension that people will not follow laws that make no sense or go against human nature.
MY LADIES: WAIT!!! WHAT'S HE SAYING?? LAWS AND ECONOMICS DO NOT MIX???? FASCINATING..LOL..
NOW HURRY SOMEONE TELL THE PEOPLE OF IRAQ PLEASE!!
WAIT THERE'S MORE...
These super–heroes command that everyone shall abide by austerity can only lead to the Grexit and the beginning of a period of unprecedented levels-destruction in Europe along with rising civil unrest across the continent.
Anyone who has EVER worked on a foreign exchange desk knows far more about the market flows than they will ever think about with all their law degrees. Based upon the botched job they have mastered so far, the EU will descend into the final destruction phase. The idea that one government would end European wars is producing rising civil unrest and the very finger-pointing that creates war.
MY LADIES: I JUST SAID THIS ABOVE ...BASED ON THE IMF AND BLOOMBERG ARTICLE AND COMMON SENSE...WE ARE IN THE BEGINNING OR MAYBE ACTUALLY THE MIDDLE OF THE END OF THE EU....
IQD NOVA: YES WE ARE!
MY LADIES: AND HERE IS MORE..
The ultimate consequences of this wrong policy from the outset to create a single currency without consolidating the debts of member states , has led to this crisis in the monetary system for the entire world.
The consequences will certainly still be felt for many decades to come if not 112 years impacting generations of Europeans.
However, the destruction unleashed in Europe will contribute to taking down the United States from its lofty perch and shift the entire new economic age to those nations who were once in the firm grip of Marxism .
MY LADIES: SO WE ARE SEEING IT AND HEARING IT FROM ALL PLACES, THE DOLLAR NEEDS TO COME DOWN AND IT WILL, AND THERE WILL BE AN ENTIRE NEW ECONOMIC SHIFT.
MY LADIES: LET'S ALL UNDERSTAND THIS BETTER PLEASE...READ HERE PLEASE... http://armstrongeconomics.com/archives/category/uncategorized
AND HERE IS A LOOK ACROSS THE POND...EVERYONE EVERY WHERE IS READY FOR CHANGE..
London Protest Draws 100,000’s Anti-Austerity
Posted on June 21, 2015 by Martin Armstrong
This is Socialism Collapsing. Hundreds of thousands of people have joined together to protest anti-austerity. So many, the police refuse to number the crowd fearing it was just too many.
THIS WAS YESTERDAY IN LONDON
Protesters throng London to oppose new UK government's austerity plan
LONDON | By David Milliken
MY LADIES: WITH ALL THAT WE ARE SEEING EVERYWHERE THIS JUST CONFIRMS THAT THE MIDDLE EAST WILL MOVE TOO, THEY ALREADY STARTED..SAUDI..AND UAE.. SO THE REST OF THE MIDDLE EAST WILL BE MOVED TOO..
LOOK SAUDI OPENED UP THEIR MARKETS TO FOREIGN INVESTORS RIGHT??
AND UAE IS TAKING THE E WALLET FOR A TEST DRIVE RIGHT??
AND THIS WEEK I THINK 23 OR 24 IRAQ IS ADDING TELECOMMUNICATIONS COMPANIES TO ISX...ALLOWING THEM TO GO PUBLIC...
WHICH TELECOMMUNICATIONS COMPANIES?? HUMMM WHAT DO WE NEED FOR E - WALLETS??
DAVE, NOVA, JP, CAN ALL THESE CHANGES BE HAPPENING ON IRAQS DOORSTEP AND LEAVE IRAQ IN ISOLATION???
Dave: IRAQ NEEDS TO JOIN OR BECOME A POWDER KEG
JP: No, the snow ball is too big and we have too much blood and treasure invested.
MY LADIES: NOW WE KNOW I AM CRITICAL OF ALL THINGS...AND I LOOK AT THINGS WITH OUT DINAR GLASSES...HELL I MAY EVEN BE CONSIDERED BY SOME NOT NAMING NAMES BANDITO AS A DOWNER..OR A PORCUPINE IN A BALLOON FACTORY..BUT GUESS WHAT GUYS???
I AM GETTING A LITTLE EXCITED….. AND GUESS WHAT ELSE GUYS??? NOVA IS FEELING THE FLUTTERS A LITTLE TOO
WE CAN NOT DRAW A STRAIGHT LINE FROM ANYTHING OR ANYWHERE STRAIGHT TO IRAQ...UNDERSTAND THAT CLEARLY..RIGHT NOW...UNDERSTAND THAT...
BUT LOOKING AT ALL THINGS ECONOMIC AND ALL THINGS GLOBAL IRAQ HAS TO REACT TO WHAT IS HAPPENING!
MY LADIES: THIS IS AN INSIDE LOOK TO THE NEW SYSTEM RIGHT HERE...LISTEN TO THE PANEL DISCUSSIONS FROM FRIDAY.
SO THE SAINT PETERSBURG INTERNATIONAL ECONOMIC FORUM IS THE RUSSIAN VERSION OF DAVOS.
NOW WHEN YOU HAVE TIME CLICK THROUGH THE PANEL DISCUSSIONS THAT TOOK PLACE YETERDAY THESE ARE ALL SIGNS OF THE CHANGE THAT'S COMING.
HERE IS THE DAYS EVENTS, GET YOUR ICECREAM OR COFFEE OR POP CORN AND GET COMFY..VERY INFORMATIVE STUFF HERE,
The programme is published as at June 19, 2015
AND THIS ONE IS IMPORTANT...LISTEN TO THE PLATFORM NEEDED AND THINK ABOUT THE TELECOMMUNICATION COMPANIES JOINING ISX
THE FUTURE OF THE ELECTRONIC WALLET AND THE MODERNIZATION OF GLOBAL PAYMENT PLATFORMS
MY LADIES: OK NOW TOMORROW IS THE EU SUMMIT...WE NEED TO ZERO IN ON THIS..BECAUSE THE WAY THEY ARE GOING TO DANCE AROUND DEBT FORGIVENESS WILL BE THE BEST POLKA WE HAVE EVER WITNESSED.
THE RESULT WILL STILL BE SAME AS A DEFAULT..BUT IT SOUNDS BETTER THAN WE BROKE THE THING...
PrincessDD: Derek Scally: If Greece fails and the euro fails, then Angela Merkel fails
MY LADIES: “If the euro fails, Europe fails” WELL THERE'S AN UNDERSTATEMENT!