Iraq an economic Study

[link to dinaralert.webs.com]

[kaperoni] I wanted to post a chat showing the significance of where we seem to be at in regard to the financial system…This is called…"The Rise of the Banking Sector.”

[kaperoni] Last month, we saw the Power Point presentation from the CBI at the Banking Conference held in Baghdad.

[kaperoni] The titled of the Power Point is also important…

[kaperoni] “CBI study entitled: Central Bank of Iraq and the evolution of monetary policy”

[kaperoni] Specifically this quote from it…

[kaperoni] “Achieve stability in the exchange rate of the Iraqi dinar in the context of a flexible exchange rate system orbit.”

[kaperoni] Two things are implied here. 1. Monetary policy is changing. 2. They are going to a free float.

[kaperoni] The next article also came out in January from a Dr. Naji al-Hamdani titled…

[kaperoni] “Monetary policy and its consequences on the Iraqi dinar.”

[kaperoni] This article is great because he speaks in a high level, often what is taken for granted. Such as this quote…

[kaperoni] “Seen monetary and fiscal policy since 2003 a major shift in the banking sector has taken the Iraqi government some necessary measures derecognition foreign exchange controls and the lifting of restrictions on the movement of trade, capital and support and encourage private companies in the banking sector to move from a system exchange controls system to the open market as one requirements of a market economy. And the Central Bank of Iraq as Iraqi state bank, which formulates monetary policy, he dealt with this policy. Under this approach open to the capitalist West, monetary policy assumes Iraqi currency float and be subject to the law of demand and supply and non-interference in determining the exchange value of the Iraqi dinar against foreign currencies, including the dollar. Currencies cash exposure in the markets as exposure to any items of other commodities which practically leads to monetary instability. Demand and supply that determines the value of the currency. Accordingly, it is expected that the Iraqi currency is exposed to more pressure because of the inflamed political crisis and instability that leads to security stagger markets and rising prices of goods and services and go about asking for more than the dollar.”

[kaperoni] As I break this down, we need to focus on a few keys…

[kaperoni] “…and the lifting of restrictions on the movement of trade, capital and support and encourage private companies in the banking sector to move from a system exchange controls system to the open market as one requirements of a market economy. “

[kaperoni] And this one…

[kaperoni] “Under this approach open to the capitalist West, monetary policy assumes Iraqi currency float and be subject to the law of demand and supply and non-interference in determining the exchange value of the Iraqi dinar against foreign currencies, including the dollar.”

[kaperoni] Now we know 10 years ago, Dr. Shabibi chose a closed monetary policy under Article 14 of the IMF common termed a “currency board.” It’s exactly what that above quote said..”a system of exchange controls.” Where in reality it was a fixed rate (occassional pips) to reduce inflation, etc. to establish a monetary policy, currency and successful exchange rate.

[kaperoni] That time is coming to an end. That must change as stated in the second paragraph above.. “Under this approach open to the capitalist West” Which we know is about to happened because it was stated in the IMF Stand –by-Agreement as a benchmark. And more recently mentioned during the Press Release of the IMF when an extension was granted on June 23rd, 2012 to February 23, 2013 …And that means IMF Article 8 as well.

[kaperoni] Quote…

[kaperoni] “The extension will, in particular, provide time for discussions on fiscal policies for the remainder of 2012 and on measures to improve the functioning of the exchange regime.”

[kaperoni] In my previous chat, I explained that an “exchange regime” is the way an authority (CBI) manages its currency in relation to other currencies and the foreign exchange market.

[kaperoni] So know we all know that the CBI is transitioning off the “currency board” and on to a “free floating” dinar. If you visit the IMF site, you will see various types of “regimes” such as Free Float, Managed Float, or Pegged. Certainly, the CBI may change to more regulated Managed or Pegged, but it appears that the next step is to find the “true value of the dinar” via a free floating platform.

[kaperoni] Now what is interesting is the USAID office in all this…

[kaperoni] A recent article gave us this quote…

[kaperoni] "The U.S. Mission called the 7 banks from across Iraq to attend a training workshop was held for the period of {21-28 of last month}, the first of 20 training workshop will contribute to the support of the banking and financial services."

[kaperoni] And this one…

[kaperoni] The statement said that "the proposed development financial of the U.S. Agency for International Development is the embodiment important for the strategic framework agreement between the United States and Iraq and project envisages support the banking sector to be more vibrant, and this would expand economic opportunities and prosperity for the Iraqi people."

[kaperoni] So we see that the US Strategic Framework Agreement is tied to this training. More specifically because restructuring the financial system is a benchmark not only for this agreement, but for the IMF Stand by Agreement.

[kaperoni] This next quote from a similar article explains even more…

[kaperoni] “Noteworthy that the project to develop the financial sector is an important part of the framework agreement laid out between Iraq and the United States to support the banking sector and increase economic opportunities in the country.”

[kaperoni] These two articles also came out last month…

[kaperoni] Arabic Bank Union: procedures for Central Bank of Iraq is positive towards the development of the banking sector Friday 18 January 2013

[kaperoni] Quote..

[kaperoni] “UAB described Jordanian Arabic nationality medal Ullah, the actions taken by the Central Bank of Iraq in the development of the banking sector as "positive", weighted with the rise of the banking sector during the coming period.”

[kaperoni] See what he said? “the rise of the banking sector”

[kaperoni] And this…

[kaperoni] “the Central Bank of Iraq has good vision and strategic plans are positive and on track towards banking reform to government branches,”

[kaperoni] So much for Maliki’s malarky! (He said yesterday 2/10/2013.. "lack of a stable economic situation" and "lack of clarity fiscal and economic policies.")

[kaperoni] And…

[kaperoni] “the Arabic Bank Union ready to assist and support the development of the banking sector.”

[kaperoni] And this article…

[kaperoni] Member: Finance Committee plans to hold a special conference to develop the banking sector with the participation of international partners 1/22/2013

[kaperoni] And this quote…in which a special conference was held..

[kaperoni] “Special Conference for the development of the banking sector with the participation of international partners and bankers.”

[kaperoni] Let’s add one more bit of fact. That May 22nd 2013 Iraq’s money being held worldwide will no long be protected. Here is a quote…

[kaperoni] "immunity to Iraqi funds will expire in the middle of the month of May next by the United States of America." And this one…

[kaperoni] "the amounts found outside Iraq is $ 65 billion of the Central Bank and other private funds the Iraqi government will be retrieved after the lifting of immunity."

[kaperoni] I also believe the European Union directly after this information came out amended its specific restrictions on economic and financial relations with Iraq. More good news!

[kaperoni] So to summarize, we see..the CBI talking about the “exchange regime” transition, the economist talking about the transition, the IMF stating Feb 23rd as the new deadline, the USAID office training Iraqis in international banking techniques, UAB support, private conferences with both Iraqi and International banks, all of which is part of the both the IMF Stand by Agreement and the US Strategic Framework Agreement. Oh and did I mention if they fail, the 100 billion dollar Paris Debt Agreement could be cancelled?

[kaperoni] Kap

They sure are selling those dollars. Seems like a pretty stupid plan if they're planning on keeping their currency at toilet paper status.


Kaperoni: This is a list of banks,etc where citizens can go to get dollars. IMO, this is a final push to collect as much dinar as they can.

[link to www.cbi.iq]

Kap did a nice job detailing the quotes and plans.

I read through it more carefully when I have a moment... busy week.

So, he thinks a float is on the horizon.

Yes and they have been at it for a while. Dollarizing the country, removing the dinar, getting ready the an RV and saving a butt load of money in the process. lol tk, sk, rken

So, it looks like Turki's out as CBI director. Trying to figure out why and who's responsible...



Edit: And, now it looks like he's not out. That was quick.

Edit 2: Maybe gone, maybe not. Denials and confirmations abound.

Last Edited by Revbo™ on 02/13/2013 02:41 PM

Really good news. No idea why the whole article won't post.

[link to dinarvets.com]

Last Edited by Revbo™ on 02/13/2013 06:40 PM

Allawi gets to be president.


Kurdish talks - U.S. presidential Allawi

Version 3 has been read once



Author: the future of Iraq

14/02/2013 12:00 am

The future of Iraq / special
political source said that Erbil witness undeclared round of talks between the leaders and the U.S. Consulate was trying to reach agreement under which the focus is the leader of the coalition in Iraq, Iyad Allawi, head of the Republic of (agency) instead of the current president, Jalal Talabani.A source has revealed a few days ago about the existence of quasi-agreement to take over the First Lady Hero Khan Ahmed (Talabani's wife) as her husband, who lay in a German hospitals due to severe health crisis suffered two months ago. The political source said the "Future of Iraq" yesterday that the President of Kurdistan, Massoud Barzani, seeks to make the Patriotic Union of Kurdistan, led by Talabani party secondary in the region, stressing that Allawi received signals from the U.S. side on this topic in the meeting, which gathered Bbarzana in Arbil a few days ago and was attended by the delegation senior of the U.S. consulate in the provincial capital. He explained that the inauguration of Allawi, head of the Republic would ease the lot of the outstanding problems between different political parties, particularly since the coalition in Iraq has great ambition to take over the leader position, which will create a state of balance in the management of the state between the three main components in Iraq, as Allawi the leader of the coalition which represents the Sunni in Iraq. The source pointed out that Barzani realize that the Kurds gains many in the state, so no harm from granting the presidency to Allawi to amend warps in the political process, pointing out that this agreement if it could ensure the Prime Minister Nuri al-Maliki for a third term after all Parties have chosen for the distribution of new positions map.

[link to www.almustakbalpaper.net]

They're currently holding a summit of bloc leaders in Erbil, and the Kurds stipulated implementation of previous agreements as a pre-condition to the meeting. Maliki is on the ropes with his pet judge fleeing the country, Allawi has, apparently, negotiated, through the US and Barzani, to become president of the republic (Talibani's spot currently), and Barzani has agreed to allow Maliki to stay in his job through the end of this term. Barzani would never have agreed to that unless he got some serious concessions. The Standby Agreement deadline is next Saturday, Feb 23. Folks, we could see the end of the crisis this weekend. And you know what happens when these guys get their politics in order...




With the support of Kurdish-American. Iraqi political summit in Erbil

Friday, 15 February 2013 12: 08

WeakGood Twilight news source Kurdish official, Friday, from Erbil to embrace an expanded Conference of the leaders of Iraqi political blocs to resolve the current crisis in the country.

The source, who asked not to named for "Twilight", "wesiasin Iraqi officials discussing with Kurdish leaders held an expanded Summit of the leaders of Iraqi political blocs to contain the crisis".

"The Kurdish leaders did not seem reluctant to embrace Arbil, where they are with resolving the current crisis quickly, but they stipulated guarantees the implementation of the decisions of the Conference before it, as they do not want to repeat what happened in Erbil and Baghdad to implement most of the disclaimer paragraphs".

The source is close to the resolution Center in Kurdistan, the Kurdish leadership and the majority of parties supporting this Conference.

Arbil during the past three days, an extensive political activity representing several meetings between the President of the Kurdistan region, political leaders and the u.s. Ambassador in Baghdad.

Several provinces are demonstrations and mass sit-ins demanding the Government release of prisoners detained in its jails and detention camps, as well as the repeal of article 4 terrorism and the accountability and justice law, rejected by the Government of Prime Minister Nouri al-Maliki.

Peaks and the demands of the protesters to call for no-confidence in the Government and its President Nouri al-Maliki as observers warn that Iraq may face calls the collapse of the political process as a whole.

M p

[link to www.microsofttranslator.com]

tlar:
I am reminded that with almost every statement that was made by economists and the CBI that mentioned they were delaying the removal of the zeros until 2014, they put a qualifier. "Unless the political situation improves". If there is a real agreement allowing Maliki to finish his term, inacting the importatant parts of the original Erbil agreement like the Security Minister and making Allawi the president, this IMHO would qualify as real improvement in the political situation. It has taken the US about a month to nueter Maliki but they have achieved what I was beginning to think was the impossible. Maliki would not have agreed to this new Erbil agreement unless he received immunity from prosecution and a graceful ending to his riegn as PM. This is US engineering at its finest if I've ever seen it.



Lock up the currency reserves at the Federal reserves.
Send the IMF and US treasury in to protect the bank.
Our Embassy threatens to release detailed documents on everyone in Iraq that has been corrupt to encourage the NA to replace Maliki.
Our Embassy tells Iraq as long as he is the PM they can forget about being released from Chapter VII calling Maliki a tyrrant.
Documents proving corruption, theft and smuggling are released that show Maliki, Maliki's kid and leaders of the SOL are quilty. These documents talk of how much and give account #'s where they have hidden the money.
Jaafri, the head of the NA resigns saying he wants to retire from politics. This is a man who had aspirations to be the PM as recently as a few days before leading me to believe he saw the writing on the wall.
A secret meeting is held in Doha with the only invities being Sunni leaders and present and past military leaders. Rumors is they are there to plan a coup but two days later the demonstrations begin in Anbar. The meeting was held at the Intelligence Headquarters in Doha, Qatar an allie of the US.
Maliki is threatened by the US to not use force against the demonstrators. Force will be met with force and Maliki will be held personally accountable.
The US sends 1000 troops to Fallujia and warns Maliki not to enter the city with his army. US says they are there to fight terrorism.
Nujaifi is asked to meet with the US again the location of Doha, Qatar. He was asked to come even though he had just sequestered all MP's in parliament to stay until they have a budget. Maliki complains publically of his going saying he is unsuited to be POP.. Nujaifi, the day after arriving in Doha and meeting with the US goes on record making accusations about Maliki and corruption and pubically calls for Maliki and his party to resign.
Maliki sends his personal representatives to Erbil to negotiate for him totally excluding the SOL. They meet with the Kurds, Iraqiya and the Sadrists and make the agreement to allow him to finish his term if he institutes the important parts of the original erbil agreement and allows Allawi, a sworn enemy, to become president of the Republic of Iraq.
The US is deeply involved in this agreement and the ongoing discussions between the blocks.

[link to www.almasalah.com]

Central Bank looking mechanisms to support investment in Iraqi dinar
Published on Saturday, 16 February / February 2013 13:54 | Written by: OK-AR-N | | | Views: 10
BAGHDAD / obelisk: Search Central Bank, Saturday, mechanisms to support investment in Iraqi dinars, pointing out that he was seeking to boost his tally including currency makes it controlled.

The central bank governor said Abdul Basit Turki agency, following a meeting directors-general of private banks and the Iraqi civil operating in the country, for "obelisk" that "it is necessary to develop plans modern and necessary for the advancement of the level of the Iraqi dinar and the involvement of private banks Iraqi foreign to this approach."

"The meeting included discussion of the mechanics of investing in support exchange value of the Iraqi dinar and stabilize the market and go to further contributions to these banks operating in the country in support of these necessary steps," stressing that "private banks Iraqi and foreign proved contribution actors in the development of the economy in the country" .

The governor of the Central Bank of Iraq in search of the 13 of February with a number of foreign banks ways to expand its work in Iraq.

The CBI attributed the earlier reason for not attracting well known international companies to invest in Iraq, the internal and external factors, is the external ones that Iraq is still under Chapter VII which he considers threatened state of peace, as well as the difficulties large facing investor such as the allocation of land plots of projects and a lot of other obstacles.



2-16-13 Stryker: Thanks Yota!! OK Folks, here is a short and sweet one!!!

**** mechanisms to support investment in Iraqi dinars, ........ WE ALL SHOULD KNOW BY NOW WHAT THESE MECHANISMS ARE BUT IF YOU DON'T KNOW LISTEN IN TO MY RADIO SHOW TOMORROW AND I WILL GO OVER THESE AGAIN....

**** pointing out that he was seeking to boost his tally including currency makes it controlled. ...... HIM AND US BOTH ......A BOOST THAT IS ...

**** Turki ; "it is necessary to develop plans modern ........ THE VERY LAST CHAPTER IN THE FREEDOM OF IRAQ PROJECT .... THE UNCLASSIFIED PLAN TO REBUILDING IRAQ BACK INTO THE INTERNATIONAL MARKET ...... AND THE ONLY WAY THAT WE MAKE A NICE WINDFALL FROM OUR INVESTMENT ......

**** and necessary for the advancement of the level of the Iraqi dinar ........... SEE, EVEN HE AGREES WITH ME .....

**** and the involvement of private banks Iraqi foreign to this approach." ............ AGAIN, TUNE IN TOMORROW AND I'LL EXPLAIN FURTHER .....

**** "The meeting included discussion of the mechanics of investing in support exchange value of the Iraqi dinar ...... MECHANICS OF INVESTING .... ISX FOR YOU, THEM AND ME AS IN WORLD MARKET ACCESSIBILITY ..... INTERNATIONAL ..... AND OTHER FACTS TOO!!!

**** and stabilize the market ...... THIS WOULD DO IT, IMO....

**** and go to further contributions to these banks operating in the country in support of these necessary steps, ........ OF COURSE IT WOULD, MAKES LOGICAL SENSE ....

**** " stressing that "private banks Iraqi and foreign proved contribution actors in the development of the economy in the country" . .... THE BIG PLAYERS FOLKS, IS WHAT THIS STATEMENT MEANS ....


**** The CBI attributed the earlier reason for not attracting well known international companies to invest in Iraq, ...... THINGS THAT THE TEAM AND I HAVE BEEN SAYING SINCE THE BEGINNING OF THE YEAR .....

**** the internal and external factors, .....

**** is the external ones that Iraq is still under Chapter VII which he considers threatened state of peace, ..... THE BIG ONE BUT THE PROTESTORS ARE ANOTHER EXTERNAL ONE...

**** as well as the difficulties large facing investor such as the allocation of land plots of projects and a lot of other obstacles. ... OTHERS OBSTACLES I WILL GO OVER TOMORROW ......

THIS ONE SHOULD MAKE YOUR MORNING, WEEKEND AND MAKE YOU LOOK FORWARD TO WHAT WILL HAPPEN NEXT WEEK WITH HOW LUCKY WE ARE TO BE IN THIS INVESTMENT ........

The decision of the Commission: mobility of parliamentary political blocs agree on the oil and gas Act legislation
Date: 13/02/17 12: 35: 43 Sunday



Baghdad (newsletter). Announced the decision of the Commission Deputy oil and energy/Kurdistan blocs Coalition/Kassim Mohamed Qassem, a positive political movement among the parliamentary blocs agreed to pass a draft oil and gas law legislation in the House of representatives.
Kassim (News Agency): international organizations and third-party neutral alone cannot convince the parliamentary blocs to pass a draft oil and gas law when hired, but initiatives must be before Iraqi politicians and from within the country.

He added: despite the country's current crisis and serious internal problems imposed themselves on the political scene, which was a real threat and actually on the political and economic processes, but there are still parliamentary political blocs being positive and with all parties to end the differences and agreeing to pass a draft oil and gas law./finished/8 n. p

[link to www.microsofttranslator.com]



Palm - Tell a source close to the Iyad Allawi that Iraqi President Jalal Talabani, passed away last Saturday evening and this was confirmed by the medical committee Addressing and the Kurdistan Alliance's reservation to announce the news.

[link to www.nakhelnews.com]




United States sends 6 diplomats to resolve the crisis

BAGHDAD / future Iraqi
Political source revealed diplomatic determination of the U.S. delegation to come to Baghdad for meetings with the political blocs to exit solution to the existing crises.
Said the source, who declined to be identified, for "Future of Iraq", he is scheduled to arrive delegation diplomatic component of six people - unnamed - to Baghdad next week, explaining that this delegation costly directly by the U.S. Secretary of State John Kerry to resolve the political crisis in Iraq. The source pointed out that it was due to meet leaders of the National Alliance, and the leaders of the Iraqi List, in order to reach a political consensus satisfies the parties, noting that there are arrangements with the United Nations and the British Embassy and the Turkish and Iranian in Baghdad to attend the final meeting expanded that makes all the political parties satisfaction location of the next stages.

Read more: [link to dinarvets.com]



State law declares support for the call Barzani hold a meeting of political forces in Arbil

17/02/2013 | (Voice of Iraq) - Add a comment -


Twilight News showed a coalition of state law, led by Prime Minister Nuri al-Maliki, Sunday, supported the call by the President of the Kurdistan Region Massoud Barzani to hold an expanded meeting of the forces of the different Iraqi political out of the current crisis.said coalition member Samira al-Moussawi's "Twilight News", that "any initiative to resolve the The current crisis of any party was welcome, provided that within the framework of the Constitution and the law, "pointing out that" I do not mind collecting the parties to the dialogue table. " explained Moussawi that "there is a dangerous turn going through the country and all the political blocs to work on not to make the crisis Current ongoing and Taatkls, so there must be initiatives and political movement to resolve the crisis. " and added that "the initiative Barzani came after a dialogue with the political blocs of the National Alliance and the Iraqi List," revealing the existence of "participants out of the crisis." and saw Arbil during the past three days politically active expanded represent several meetings between the President of the Kurdistan Region and political leaders and the U.S. ambassador in Baghdad.announced Presidency of the Kurdistan Region yesterday, Saturday, its call for holding an expanded meeting of the forces various Iraqi in Arbil at the end of this month. 's h / m m r


Read more: [link to www.sotaliraq.com]



Sunday, February 17 / February 2013 12:32 | : Ambassador News Agency | | |

{Baghdad Ambassador: News}

A source in the Iraqi List, on Sunday for the failure of a number of leaders of political blocs to agree on the replacement of Prime Minister Nuri al-Maliki during a meeting held on Saturday evening in the province of Kurdistan.

The source said in a press statement today that "the meeting held yesterday evening in Erbil between Kurdistan leader Massoud Barzani and the Iraqi leader Iyad Allawi and President of the Conference of Iraq, Ahmad Chalabi, a representative of the Sadrist movement [unidentified] did not reach agreement on replacing Maliki Chalabi and topic is still under discussion between them and will be completed in the new meeting them today. "

He said the "most prominent reasons for not party agreement meeting in Erbil due to lack of approval of the Supreme Islamic to provide candidate has succeeding owners," adding that "yesterday's meeting was limited to the issue of replacement of the prime minister and Sacetkmlon their discussions today while out agreement final."

The political source revealed on Saturday that the President of the Kurdistan region Massoud Barzani held a meeting in Erbil with the leader of the Iraqi List, Iyad Allawi and Iraqi Congress leader Ahmad Chalabi, and a representative of the Sadrists [unidentified] to discuss the option of replacing Prime Minister Nouri al-Maliki.

There was no of any party to the meeting any clarification or details about the meeting is that a statement of Kurdistan today said Barzani intends to launch an initiative to hold a meeting of the political blocs in Arbil to resolve the crisis and after 3 days of meeting Barzani U.S. ambassador who called Barzani to launch such initiative to solve the crisis.

Iraq has multiple political crises and an exchange of accusations between the blocks amid continued demonstrations in a number of provinces weeks ago calling for the demands of several notably the adoption of a general amnesty and the abolition of the law of the Justice and Accountability previously de-Baathification] and others.

The some political blocs, notably the Kurdistan Alliance and the Iraqi List and the Sadrists had tried last year 2012 work on the withdrawal of confidence from Prime Minister Nuri al-Maliki and the nomination of a replacement of the National Alliance in the meetings that I knew the two meetings of Erbil, Najaf but failed to get enough votes to pass the project in House of Representatives.

[link to translate.googleusercontent.com]

Last Edited by Revbo™ on 02/17/2013 09:43 AM

So... what the heck? did they pass the budget or not?

Supposedly, it's gonna be tomorrow now. Who knows, though? They've backed it up so many times, another delay wouldn't be surprising at all.

Looks like Barzani is calling the long-anticipated National Meeting for late next week now, too, and the Kurds have agreed to the 2007 HCL and are pressing for its passage soon.

Did you see the news about the US not renewing the DFI protection? I could write it all down, but it would take forever to explain the implications. Suffice to say, if these Iraqis don't give us what we want in the very near future, they're going to lose a pile of money in May. The DFI funds and other Iraqi asset overseas will be gobbled up by creditors before Iraq sees a dime if they default under the IMF's Standby Agreement as their Paris Club debt reductions will be revoked. These funds are estimated anywhere from $150B-$850B.

We've got guys over there now from the Fed/Treasury pushing economic reforms and State Dept pushing political reforms. The economic guys are "insisting" on the implementation of the most recent update, from January, of the Strategic Framework Agreement, which means the implementation of free market reforms. Included in free market reforms is a convertible currency. Read: Float or RV.

Listen to Kaperoni's call last night. He and Enorrste explain it better than I ever could. You may want to fast forward to about minute 30. The first couple articles aren't really relevant. It's only an hour-long call.

DinarAlert conference call 2/19/2013
805-399-1099 Code: 296983#

Cool... thanks hon!

And so it begins...

Thanks, Gamaray, of Stryker's place, for the article.

And the plot thickens! So, our man, Maliki, was a Baathist spy, working for Saddam from Iran, who sent many of his Dawa gangster buddies to their deaths. That would explain his cozy relationship with the former Baathist judge who just got dismissed, and should pretty well dry up any support he could possibly have left in the INA/SLC/Dawa Party.

I give him a week, tops.



News about uprooting Al-Maliki soon because security agent was "confrontational and Baathist" spying on the party cadres in the toirage?!

Palm-independent lawmaker and opposition to Government policy and that whales corruption Sheikh Sabah Al-Saadi, Deputy Chairman of parliamentary integrity Commission that promises the Iraqi people and the victims of the ruling Dawa party in Iraq and victims of Nouri al-Maliki specifically to root out Al-Maliki very soon and will be providing impartial and not politicized judiciary of unjust ruling.

Al-Saadi said as his "readings" I have this morning received official documents from the records of the former regime that Nouri Kamel Hassan Al-Maliki was secret and security agent was recruited in 1989 to spy on Islamic Dawa party cadres to "zero" and is currently defunct.

According to official records indicate that Nouri Kamel Hassan has engaged in spy party for the purpose of reporting news to the Directorate of security and because of reports that it was sent "tens of martyrs were executed from toirage.

In a second document from the Secretariat of the diameter of the Arab Baath Socialist Party, confirms that comrade Abu ISRA Al-Maliki from the party faithful comrades in a toirage mounting pace works in series.

Al-Saadi indicated that these documents were when someone who works in the Iraqi National Congress, accompanied by Dr. Ahmad Chalabi when the latter was a senior as ablation and misappropriated unbeknownst to Dr. Chalabi.

He said independent MP Abdullah Al morning that will linger and did not provide these documents now, especially after the judge Medhat Al Mahmoud Sadam Maliki to Office it is impossible to stand with us and welcome Maliki who saved him from failing our plucking out after the welcome that Al-Maliki found his companion from the same party will sympathize with him and these documents go awry but promised that in the event that the judiciary in Iraq and not corrupt for a corrupt government.

It should be noted that independent MP Abdullah Al morning families of some journalists at the news conference and said not to post now but because of the power of subtraction and the information sarpanah Fars

[link to www.microsofttranslator.com]

Doc from yesterday:

We encourage everyone to take a deep breath and quit getting caught up in the minutia of a single event...there is not one event that will "trigger" currency reform and especially not the budget. Budgets have come and gone without the RV and this one could easily be no different. We need to remember the goal is to have Iraq's economic fundamentals strong for the long term. To get there things like a stable GOI, secure assets (HCL), banking laws, etc.. need to be in place. As we have speculated and we continue to believe many of these will come quickly together once the first domino falls. Yes, the budget could be in the "dominoes" but it is not the exclusive event for the RV.

The really encouraging news is that the core fundamentals appear to be lining up nicely. Much news has detailed work toward HCL, WTO, banking laws, chapter 7 and most importantly neutralizing Maliki. Many have suggested if a stable GOI is required for a RV then we will never see it since Iraq will never be stable. What these fail to understand is Shabibi defined stable as a power sharing system which we all know Maliki has fought tooth and nail to prevent. The recent news suggests a true power sharing GOI is in the works. Also as we speculated 2 weeks ago it is now pretty obvious the Kurds have linked the HCL to the budget for negotiation purposes.

What is most encouraging is that our sources and news reports are starting to line up. It appears Iraq is under tremendous pressure from the outside to live up to its potential. Also things like chapter 7 and WTO are being used as a leverage point by the international community. Our opinion is to watch how things unfold concerning Maliki. It appears the other key issues are ready to go on paper and the world is awaiting the power sharing scheme to become real. We do not know which will come first but agree with others that all the issues will most likely be suddenly resolved pretty close to each other. Based on media and other sources we still believe it to be several weeks or longer before all the dominoes are aligned.

Every country needs a Benedict Arnold in its foundation story, and it looks like Iraq may have just found theirs. Good thing it's the baddest dude on the block. I'm guessing the CIA found these documents right about 2003, and we've held on to them for just the right time. Now, Chalabi has them, and he's gonna be the next PM. If this is true, it's the biggest moment in recent Iraqi history. I wouldn't be surprised if they march into the Green Zone and hang this guy tomorrow.

[link to dinaralert.webs.com]

"The statement said that "the conferees agreed to hold another meeting next week to discuss appropriate mechanisms to raise barriers apply the appropriate options to arrange the financial and banking system in Iraq, and application optimization for fees customs through recommendations submitted to the Council of Ministers, agreed representatives of stakeholders."

Kaperoni:
This is really straight forward. This is some very good coordinating going on with several entities to make it work. And this statement is clear, next week they will get together again and figure out the "appropriate mechanisms" which will "raise barriers" and they will get it done to improve the "financial and banking system in Iraq." Next weeks takes us into March and I would assume shortly thereafter, they will implement these mechanisms which will raise these barriers! We all know what the barriers are..an "exchange regime" (we beleive float) and a tradable currency. Which means IMF Article 8, Amazing information!

Shredd Chat #2 - Post From BondLadys Corner
02/22/20131 Comment

player46] NBK Makes Custody Breakthrough Posted on 22 February 2013. Tags: Custodian Bank, ISX, National Bank of Kuwait In a move that is likely to mark the start of a new era for the Iraq Stock Exchange (ISX), National Bank of Kuwait (NBK) has begun offering custody services for ISX-listed shares through its 80%-held subsidiary Credit Bank of Iraq.

This is arguably the most important step forward for the ISX since the implementation of electronic trading in 2009. At last the door is open for large institutional investors to enter the Iraqi market.

(See this post for more on the significance of the custody issue.) Credit Bank of Iraq received a custody license at the end of last year and just “went live” in January.
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So far the business has focused on custodying shares from the Asiacell IPO but they are now set up to custody all the existing names as well. NBK will be an acceptable counterparty both for institutional investors and (as a subcustodian) for global custodians.

With about US$ 58 billion in assets, it is Kuwait’s largest bank and also one of the largest in the Middle East.

It has also been on Global Finance magazine’s list of the world’s fifty safest banks for the past six years and is the top rated bank in the region. In addition, NBK’s custody services now cover not only Iraq but also the GCC and Egyptian markets—an important consideration for institutions looking for a “one-stop shop.” With a custodian of this caliber on board, the ISX is now in a position to mobilize significant amounts of foreign capital.

This is important not only because the listed companies will have greater access to financing but also because increased participation by international investors will incentivize the introduction of best practices at local financial institutions. NBK’s custody breakthrough is thus a breakthrough not only for the Kuwaiti bank and its clients but for Iraq’s capital markets as well. LINK

[dezertheat] what do they mean when they use the word custody?

[Shredd] At last the door is open for large institutional investors to enter the Iraqi market. player46 this part is key: With a custodian of this caliber on board, the ISX is now in a position to mobilize significant amounts of foreign capital. let me explain something ok?

[player46] you bet. please do..

[Shredd] a custodian don't sweep the floors, a custodian in a healthy market economy is essential. imperative. needed etc ... this is what they do: they hold assets, safely, for them to accrue interest to be easily traded to and from portfolios just not any entity can be a custodian, they must be a financial institution with substantial security substantial compliance and substantial administrative support via systems, controls so, my bank is one of the top three in the world and just like this statement says:

With a custodian of this caliber on board, the ISX is now in a position to mobilize significant amounts of foreign capital. the door is open for SAFE efficient trading and holdings of scuritized debt. a super article player and tyvm for bringing it in

[lightingcslt] shredd ty they are ready now

[Shredd] see? this lands at a time when we are seeing all the pieces of the puzzle come in there has been talk about the need for custodial services remember back last fall when we went over banking and finance laws it was in there but this shows us the first big one to step up, so, in layman's terms..... we've see it addressed that investment can happen but now...... we see a safe haven for assets to sit once invested that is what is meant by custody

[player46] ty so much for the clarification...

[Shredd] you got it player!

[gaffi347] Shredd Would that be bonds?

[Shredd] not just bonds though equity too any certificated asset

[lightingcslt] Shredd so the big guns are ready to play with them now

[Shredd] lightingcslt yes, this is evidence of what we've been saying so many players ready to join in when the time was right and these players aren't gonna come to the table too early and now that their confidence in iraq is obvious, what is their motivation? profit via fees, short term investments, etc.

[lightingcslt] Shredd like you said profits

[Shredd] yup, get in line

[player46] they they have progressed farther than we knew apparently...

[Shredd] player46 yes exactly, too many people think the only indication of what is going on is the news articles but this is one of those that shows us a lot has been going on to come to this point

[lightingcslt] behind closed doors

[player46] what a nice surprise... we are ready as far as banking is concerned... imo...

[Shredd] again great artice Shredd-out again



Russ:
What a great article to read along side an earlier one this week.
"3 Good Iraqi banks considering closing their doors and sacking all staff because they can not make any money"
also the ISX has has made no real gains over the last year.
so to sum up......
We have an International Bank with a bent towards the ISX, setting up a business where they can't make a profit, tied to a staled stock market with few traders, in a country where the currency can not be traded internationally.
My guess is they must be planning on selling cars..lol
OR.........

The King of Doom likes the ISX!

[link to dinarvets.com]

When, Rev? I'm ready. Go RV.

I'm never touching that question again. With the SBA now over and the big banks moving in, WTO training happening, and now Faber talking about it, it can't be far off.

Someone took a swing at Maliki!



I'm loving every minute of watching this guy fall apart. He thinks he's among friends, and some guy attacks him. Run away, old man. It's over.




Iraqi)
cut the broadcast because the Prime Minister has been attacked in
Basra

26-02-2013
Cut a channel "to the" official "text of the speech of Prime Minister Nouri al-Maliki at the first Conference of the Governors of the Center and the South, launched today at the Sheraton Hotel in Basra after he grasped one of the attendees, accusing him, that part of the country.

Observers said: what happened was a big blow to the Prime Minister, who was believed to be
between steadfast allies, especially, and with the Governors of the Center and South, but one has conservatives charge that part of the problem was the dawn of a big surprise.

The channel "Iraqi" Government, cut off the live broadcast of Al-Maliki's meeting with the leaders of Basra and notables after him following his words, which was distributed to all the charges, criticizing his Government's performance on security issues and services.


Read more: [link to dinarvets.com]

Last Edited by Revbo™ on 02/25/2013 11:36 PM

bit by bit.... :)

This is never going to happen... feels like it anyway!

Internationally tradable and increased value. It's gonna happen.



Baghdad (newsletter). Member of the Finance Committee MP/iraqiya Hassan aozmn Al-Bayati, the importance of the national currency dinar investment and business operations to support and strengthen confidence in foreign transactions.

He said Al-Bayati (News Agency): most of the world countries rely commercial and investment operations in national currency, but Iraq still depends on the dollar, leaving Iraqi dinar value depend on the US dollar.

He directed the Central Bank to support investment will support the national currency dinar and the Iraqi economy, calling on all dealings with dinars, internal and external, to increase the value to enhance the confidence of the world and be a competitor for international currencies.

The Iraqi Central Bank search 16 February with local and foreign banks, investment support mechanisms in Iraqi dinars, pointing out that it seeks to strengthen its currency, thus controlled./finished/8 n. p

[link to www.microsofttranslator.com]

Ok ReV.... get them to push the button then! ;) thanks for keeping hopeful and finding supporting documentation.

Rumtel...

Eagle1 Post from KTFM Forum Wednesday Emailed to Recaps
02/27/20130 Comments
 
Eagle1- KTF Always Good Morning, Family! You've all heard Frank and I discuss the Global Currency Reset (GCR) from time to time. We've been fortunate enough to have some interesting inside contacts within the IMF who've provided us with some intel as they have been freed up to release it.

This information has not yet made the financial news, but here is a heads up for all of you on the group of currencies in the first "basket of currencies" out of the 168 scheduled for revaluation or devaluation.

I'd strongly suggest that you study these currencies, know what their current value is, find out what the nation's asset base is, and make your own determination as to the feasibility of investing in them.

Time is of the essence in this -- obviously!! Two of the currencies listed are two we've talked about and are very familiar with -- the IQD and the VND., or within days What is interesting about this list is that these two currencies are obviously revaluing either at the same time of each other.

The IQD's revaluation is literally "moments away", if I can put it like that, and the Dong will follow almost immediately thereafter.
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Following is the list as it was provided to me: Jordanian Dinar, Somali Shilling, Seychelles Rupee, Sao Tomean Dodras (whatever that is), Tunisian Dollar, Syrian Pound, Tanzanian Shilling, Malaysian Ringg, UAE Dirham, Peruvian Nuevo, Philippine Peso, Qatari Rial, Namibian Dollar, Euro, Nigerian Naira, Omani Rial, Chinese Yuan, Kazakhstani Tenge, Lebanese Pound, Vietnamese Dong, Iraqi Dinar, Colombian Peso, Bolivian Bolivano, and the Venezuelan Bolivar.

Time to find another e-ticket ride. This one is about at its end. Can't say it hasn't been fun and suspense filled, as good as any first rate novel. Don't forget about lawful money, which makes your gains on your investment tax free. Hope to see you all soon. TS

Confused... are you saying it isn't going to happen or it is?