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Mountain Goat 3/4/17
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Mountain Goat 3/4/17
by Mountain Goatee Sat Mar 04, 2017 11:20 am
Hi Everyone,
I bring you much news today.
Again I want to reiterate that I am not an intel “guru”. It is an insult to call me that name. I simply bring the news from Iraqi news channels and make my own opinion to help you understand. You can take my opinion or leave it. The news from Iraq still remains the same.
So in today’s news letter I want to bring you more FACTS not conjecture or some high hopes of an RV today or tomorrow. The FACTS speak for themselves. So let us look at the FACTS.
I pondered on just how to present this information to the dinar community today. I decided I am not going to lecture you. Instead I will present it to you the best way I know how. This information is tricky and many will tell you otherwise. But if you want the FACTS, not convoluted hype, you must take off your RV hat, sit, relax and listen to what I am going to explain to you today.
So let me take you step by step what is happening in Iraq and pose a series of questions to you. In doing so I find this is easiest way to explain why we still wait for a change in currency value we all want and why we still sit here in early March 2017 waiting for it.
Remember too that March is still within range of “Early 2017” and we have been told by the CBI that the project to delete the zeros will resume in EARLY 2017. It is a fact that part of this project is connected with bringing in a new rate to the Iraqi dinar. This is the tie in to the project.
This is not rocket science and by taking an orderly process I am attempting to connect these questions together (see highlighted questions in RED below) as this RV saga is playing out. I listed below some articles. So you can read it all for yourselves. These articles are their words not mine. I am only the messenger. Sorry no hype for you today. You will have to go elsewhere to get your jolt of hype for the day! ….lol….lol….
First: IS THE IRAQI DINAR INTERNATIONAL? (Many have falsely led you to believe it is already international simply because some banks are now once again selling and buying dinar)
Second: WHAT IS THE PROBLEM IN GETTTING IT INTERNATIONAL? (Why is a significant change in value absolutely necessary and soon?)
Third: WHAT IS THE SOLUTION TO THE PROBLEM? (The CBI and IMF has been telling us how to correct the situation with the economy. Will these economic and financial reforms eventually lead to some kind of catalysts to bring about the significant change in the value or will the change in value be the final catalyst?)
Forth: WHAT IS HOLDING BACK ON “FULLY” EXECUTING THE SOLUTION? (So the CBI has told us many times that the solution is to move to a globally tradable currency with a true value to reflect the true Iraqi economy. So why don’t they not just do it?)
Let’s now address these questions in more detail. I included some recent articles with my commentary. It all begins here:
IS THE IRAQI DINAR INTERNATIONAL?
Contrary to what many of these so called intel “gurus” are telling you the Iraqi dinar is not yet international. How can it be international? Do they know what an “international” status means? They are telling you this because the banks are selling and buying the currency once again. But is this really at the international level?
NO! It is not. Let me explain. So around the years 2011-2013 most European, Canadian and USA banks stopped selling and buying IQD. They were instructed (recommended) to do this at the request of the US Treasury. Why was this done?
· Banks have a choice to choose to sell or buy any currency based on revenue generated for the spread charged for the exchange. Everyone was buying but not selling
· To prevent a high level of currency speculation
· To prevent currency scams upon the currency buyers brought on by the charlatans selling products and having conference calls with false intel as with rumors of a short term revaluation in the near future.
· To protect the average consumer
But remember that the program rate and the 3 zero notes were artificially placed in the economy in 2003. So why did the banks still continue to sell and buy the currency from 2003 – 20011-2013 timeframe prior to the US Treasury asking the banks to shut it down? It was not international then.
Could it be that they needed to shut it down due to all the nonsense perpetrated on the people investing in this currency and other very speculative currencies? Also remember the false claims of a “global currency reset” (or GCR).
The answer is simple. The answer is YES, YES and YES again! They wanted (needed) to de-legitimize the currency (currencies). Since the Iraqi dinar 3 zero notes were meant for in-country use only in the “closed” Iraqi economy. It was not meant for international sales. This was the first problem. Selling or buying it outside the country could only be risky and could even funnel large amounts of dinars to the terrorists organizations. So we must look at the intent of downgrading the currency in the first place. The next problem was the amount of money the American consumer was spending on such highly speculative currencies. This wave speculation and rumors was the cause of billions being tied up in these currencies.
But wait a second….did they not artificially de-value the Iraqi currency to prevent terrorists from getting their hands on a currency that they could use to buy weapons to fight against the coalition forces? So what is the real risk of this anyhow on letting the 3 zero notes outside of Iraq? Aren’t they almost worthless?
So it turns out now the risk is not high and not so much a concern in the dinar getting in the hands of the terrorists as is the US dollar getting in the hands of the terrorists. Let me explain.
Due to sanctions Iraq operates in a “closed” economy. This is an important concept for you to understand. Here is how it works- Iraq sells its oil and this revenue (sold in US dollars only) goes into the CBI reserves. The more oil they pump the higher the reserve amount. The sanctions also tell us that the Iraq economy must interface with the outside world using only dollars. So when they pay for imported goods or services they must pay in US Dollars only. They can not pay using their own dinars.
These sanctions force Iraq to use these large 3 zero notes (dinar) only for in-country transactions such as everyday shopping and expenses. Thus when the merchants need to pay for imports they must take their dinar (collected from citizens used to pay for goods and services) and exchange them for US dollars from the CBI. This exchange is done at a special department at the bank called the currency auction. Then they pay the importers.
In theory control is never lost on how much money is leaving the country. In theory it all can be tracked. The intent was full transparency. However, did owevethis system work as intended or was it flawed?
We know by reading many articles over these last many years since 2003 that in fact the system did not work so well. There was billions lost in money laundering and corruption connected with these currency auctions. The terrorists decided they did not want the dinar as they wanted the US dollars even more out of the CBI auctions. Does this surprise you? US dollars are much more valuable than the dinars and can be used just about anywhere in the world for trade.
We know that the rate on the US dollars can buy much more than the dinar in the open market if smuggled out of Iraq. So all this corruption lessened the effect of the sanctions and measures had to be taken to tighten up these currency auctions. It took nearly 13 years to do it.
Basically US dollars, as earned revenue on oil sales (petro dollars), should equal dollars leaving Iraq to buy imported goods and services. If managed correctly they should balance unless they can pump more oil than they need for imports, thus a surplus of US dollars in the CBI reserves. This is how the CBI reserves gradually increased over the years. But with the drop in the price of oil there then became a deficit in that the dollars in revenue from oil was not even enough to pay for the imports, thus the CBI has to take money out of the reserves to make up the difference. The reserve amount began to rapidly decline. Remember also that much of this deficit was caused by corruption and not real payment to importers. So the problem was exacerbated.
This forced the CBI to take serious action to fix the problem or the CBI reserves would soon be depleted. You read all the articles from the CBI on this topic of the last couple years. This soon came to a crisis level. The US Treasury and the IMF stepped in to help.
Remember the dinar to dollar rate in 2003 was about 4,000 dinars to a dollar. The rate slowly decreased overtime as the CBI carefully managed the economy and oil prices soared. Thus with reserve surpluses the rate was allowed to drop (a very good thing for Iraq since it cost less dinars to buy imports)
But instead what happened? Overtime a drop in oil prices and mismanagement of the currency auctions caused the amount of dinars to rise that are needed to exchange for US dollars to pay for imports. This mismanagement was all about the corruption and money laundering. Simply put the terrorists and corrupt politicians found a way around the system.
The rate of the dinar to exchange for US dollars is called the “program” rate. The program rate is an “artificial rate”. It is just an agreement between the IMF, the CBI and the GOI.
So how does all this affect us as investors?
We should not be worried about watching the program rate. Getting this “program rate” down to the rate that we keep hearing is on the bank screens…lol…lol…is a falsehood and a mjor part of the confusion in the dinar community. This program rate has very little to do with the rate we are looking for and wait for. Let me repeat that again – “This program rate has very little to do with the rate we are looking for”. Am I clear on this statement?
We should not be watching for this program rate to drop down to match the US dollar. Instead our focus should be on the international rate, a rate of true value to the dinar. This rate only will come when they decide to take the Iraqi currency out of the program rate and move the currency out of sanctions, thus no longer a need to go to the CBI to exchange dinar for US dollars to buy imports goods and services. Get it? So please stop worrying about this 1166, 1280, 1300 or ?? dinars to the US dollar rate. It is only an artificial program rate. Think of the entire process Iraq is now under at temporary. In fact it was never intended to continue this long.
So for now Iraq is forced to continue with these currency auctions as long as they are still under sanctions. The articles tell us the CBI may have finally found a solution to limit the monetary damage caused by these auctions. They have implemented this solution and they are witnessing more control over the program rate, something the IMF has told us they must do. It is early in the new process and we watch to see the results. The slow increase in the price of oil, along with their temporary loans and economic reforms is slowly digging the Iraqi economy out of the deficit situation. However remember that when the government talks about the war with ISIS they are mostly talking about two things – the Security and the Stability issues. With stability they are talking mostly about the COST of the war and the draw on the oil revenues to pay for it. Once this expense is no longer a concern they have told us they can seriously more ahead with rebuilding the country, something that should have already been completed when oil was selling for over $100 a barrel in the past. Yes- this was their golden opportunity in the past and they neglected to take advantage of it due to corruption.
I can also tell you that there will always be a need to convert dinars to dollars in Iraq in the future (even after the RV), like for ever and ever just like banks in your country exchange dollars for other foreign currencies so you can travel abroad. So don’t get this all mixed up.
Also the new Trump administration in the USA has plans to bring massive amounts of USA goods and services to Iraq, which will mean more dinars exchanged for US dollars in the future. But this exchange is not the kind of exchange now taking place to buy goods and services in Iraq, as under sanctions. Please don’t confuse the two just because they use the term “exchange”. In the future the “global free market currency exchanges will make the exchange at the international rate and not the stifled program rate.
IN the future the conversion from dinars to other currencies will be automatic and done as money is electronically transferred thru the banking system. In other words as dinar in the future is used to pay for imports of goods and services in Iraq, the currency exchange systems throughout the world banking system will be tied to the global currency exchanges, as they are today for other currencies, only then the Iraqi dinar will be listed also. The banks for the companies doing business with them will simply convert the dinar to the currency of origin, as they tie into the international currency exchanges. It could be Yuan, dollars, Euro, etc, etc… Let’s not forget about companies that will want to take their profits out of Iraq and so this conversion will be very important. This can not possibly be accomplished with the current system in operation during the sanctions. Iraq must be truly international when they can get to this level of the economic development. Simply put the currency system will not work under these future conditions.
Can you see the difference as in the future there is an urgent necessity for Iraq to get off the program rate if Iraq is to see any real potential for economic growth, as they are telling us they plan for? We can also see the need for a steady rate of the dinar and more purchasing power. Having the dinar at a REAL rate and the rate gauged off the GLOBAL currency exchanges helps to ensure this stability of the currency.
We also know the likelihood of sanctions ending will not take place until war reparations are completed or a deal is struck with Kuwait. But this is only my opinion from the many articles I presented to you in this topic in the past. There is also the necessity to prevent funding of the current terrorist organizations operating in Iraq. So all these issue still plaque the decision for currency reform.
I will say it again and again and I hope you are listening to me this time – THEY WILL NOT LIFT THE Iraqi CURRENCY SANCTIONS UNTIL THE REASON WHY THEY PUT THEM THERE IN THE FIRST PLACE NO LONGER EXISTS! Get it?
So does this mean regions must be fully liberated from ISIS?
Yes, of course as this is not me alone telling you this. The CBI itself has told us this many times.
There is no magic to it. It is that simple. So the Iraqi dinar is NOT yet trading on the international exchanges at any rate nor will it until there is a reasonable level of SECURITY and STABILITY in the region. They can not and will not be allowed to list the currency on the international exchanges until certain factors apply. Yes- I said region and not just in Iraq. Could this may also mean on the border with Syria.
WHAT IS THE PROBLEM?
Specialists: fluctuation of inflation confuses the living conditions of citizens
03/02/2017 (0:01 pm)
Baghdad / Zahra al - Jassem
Like many other employees, as well as the vast majority of people, you may not realize desert Hamid, employed in one of the state departments, meaning high or low inflation index which you read about in the newspapers or hear on the radio and television, but they are complaining about and concerned about how they can out to establish a stable budget for the family as charged and her husband, an employee is also, of salaries began to drop due to several deductions.
The Ministry of Planning revealed in the latest report of the Central Bureau of Statistics for the low annual inflation index for 2016 by (0.9%), but this year opened up slightly in the month of January last rate (0.1%), after it was up by 0.2% during the month December last year, on the other hand the base rate of inflation rose 0.3% from the previous month, with a mention in the report that the price survey did not include the provinces of Nineveh and Anbar, because of the security situation as it is known.
Parliamentary Finance Committee member Magda Tamimi considers it natural that the volatility in the inflation index is happening in the absence of real productivity of the state in general, and emphasizes the importance of strengthening the value of the Dinar through attention to the private sector.
He adds Tamimi, saying in an interview (to the extent): to recover our economy will need a good market movement, reflected this development on the ability of the Iraqi dinar and the high value against foreign currencies, (have to get the rate of the US dollar down against the dinar) and adds: So everyone is counting on the private sector because the economy strength comes from the activation of agriculture and industry, afterthought: but the reality is that there is a recession in the market and unemployment, we can almost rely at all on imports from abroad. (have to stop relying so much on imports and strengthen the local economy with in-country goods and services)
Confirms al-Tamimi: that the rise in the inflation index, even though it was slightly It affects low-income citizens, because Mdjulath not enough to buy the same goods or services that were bought before, and therefore the purchasing power decline, which means more poverty and rising poverty rates. (by a significant change in the value of the dinar this will raise the purchasing power of the dinar and slowly force out the lower denominations on the streets as the necessity for them will be realized greater and greater as time goes on. The movement out of the “closed economy” will then become a necessity and the use of the IQD dinar globally will be in high demand, thus driving the rate yet even more upwards)
A spokesman for the Ministry of Planning Abdul-Zahra al-Hindawi said in a media statement that the number of job categories recorded a rise in prices, including the Department of Housing rose (1.1%) to contribute by (169.2%) in the monthly rate of change due to the high standard figures for a rent rate (0.1% ) and a maintenance and Services housing rate (0.8%, and the range of water and electricity supplies by (10.1% and record the health department is also increased by (0.1) to contribute by 2.1% in the monthly rate of change, noting that the Department of transportation prices rose (0.1) to contribute by (8.0%) in the monthly rate of change, as the Department of miscellaneous goods and services recorded an increase of (0.5%) to contribute by 11.7% in the monthly rate of change..
For his part, sees economist Dergham Mohammed said the high and low as long as inflation indicators are not based on the foundations of development, it is not an indication of the recovery of the Iraqi economy, as some believe, being still mainly depends on the only oil supplier.
He says in an interview for "(to the extent) that it is by working to adjust the price of the dollar in the domestic market and expansion in the housing sector, and other factors, including increased demand for real estate market, which will raise the allowances rentals, noting that the areas adjacent to military operations in Nineveh attest exodus can increase the demand for relatively rents may raise their prices.
And continues to-date: that any rise in the dollar exchange rate in the domestic market rises with the consumer exchange rate, which is fueling inflation and exchange rate depreciation, pointing out that it leads to a decline in consumer exchange rate, he adds, so the rise in the inflation index in the country be subject to multiple factors, notably the dollar exchange rate, which is determined by which the price of imported goods prices, the fact that the Iraqi citizen today is almost entirely dependent on imports.
Iraq is witnessing crises successive and interrelated strain the economy and finances and public resources, while not offset by temporary solutions, where the spread of financial and administrative corruption in most of the corridors of the state, and the inability of regulators to prosecute the corrupt and take legal action against them, made public money vulnerable to pillaging by members of different groups to the lack of adequate laws and strict action taken against them, which is reflected clearly through the development of new projects and the fragility of material and human failure.
Change has accused "influential" hide corruption files in the Ministry of Finance through the "political deals"
Treasures Media - accused of mass change in Parliament, on Friday, "influential figures" hide the corrupted files in the Ministry of Finance through the "political deals , " pointing to the existence of "ambiguity" on the assignment of Deputy Finance Minister Fadhil Nabi to retirement, while calling for an integrated government program to fight corruption .
The MP for the Bloc Serwa Abdul Wahid in an interview with local media, and I followed the agency
She said Abdul Wahid, that "there Amodha swirling around the subject of the assignment Fadel prophet of retirement," [b>pointing out that "influential figures hide behind the Ministry of Finance Files".
She said "there is collusion to end the corruption within the Ministry of Finance through political deals," asserting that "the fight against corruption needs to complete a government program."
WHAT IS THE SOLUTION TO THE PROBLEM?
Chalabi calls on reviving the local market Keywords Iraqi currency after the liberation of the left coast of the connect
He appealed to the former deputy governor of the Central Bank of Osama Ibrahim Chalabi, the current governor of the central bank on the local market Keywords reviving the Iraqi currency after the liberation of the left coast of the city of Mosul. (does this mean an instant RV once Mosul is done? NO! It is a start but since many other factors are still at play such as getting rid of the Iranian influence and securing the boarders of Iraq with Syria. The National Reconciliation Law will drive the efforts to peace and less violence but it must be implemented and this will take time. There is no gauge on what level of implementation that will be necessary but rather just a level of overall STABILITY and SECURITY.)
The Chalabi said in a statement that this stage requires recovery of the economic and financial situation after the looting of the organization Daesh terrorist is among the citizens of cash and seized local and foreign cash balances of government and private banks, calling the Iraqi Central Bank to take exceptional and unconventional measures is to open headquarters alternative to the central bank on the left side editor the lending government and private banks with the necessary cash to meet the local need as well as directing specialist banks Kalmsrv real estate and the agricultural Bank to take its role in such circumstances to deal with money looted by the terrorist organization legally in order to maintain the return to normal, according to the statement.
Financial operations of the Central Bank of the economy News window sell the currency does not deal with people
Economy News / Baghdad ...
The Director General of the Department of financial operations at the central
bank Alaracay Mahmoud Dagher, to sell the currency window does not deal
with people, stressing that the central bank took control on inflation.
Said Dagher in an interview for "Economy News", the sale of foreign currency, of
course window is to conduct my time due to the adoption of Iraq on a single supplier
to enter the hard currency the dollar into Iraq from oil sales, and the central bank
is working on this basis for the Horn demands of customers of the dollar.
Dagher and between that sell the currency at the central bank window does not deal
with people, but with the institutions licensed by the Bank in accordance with the
mechanisms and control of severe, indicating that the window today operates
under a new system in turn helped to reduce the sale price of the dinar
against the dollar.
He added that the Bank has developed standards for banks that enter into currency
window and on this basis will meet the demands of the dollar and is a global
standards of operation in secure banking practices.
A marked decline in the dollar to dinar
04/3/2017
Baghdad/Mostafa Hashemi
Nowadays the market is experiencing a decline in the dollar to dinar after reaching record levels in the past two years because balancing act 2015 for the Central Bank to sell dollars less than one third of the demand led to the dollar until the last week of February last year began experiencing significant decline.
Academic finds Imad Rashid, economic necessity of a guarantee that the coin itself convergent value and economically acceptable in the free and informal markets.
Rashid pointed out in his speech to "morning" that the dinar in the market to previous rates coincided with Central Bank intervention to enforce monetary policy tools to reduce the dollar's value with supply management, explaining that these actions would achieve a balance in order to buy foreign currency.
The Central Bank had reduced the US dollar exchange rate for the dinar in local markets, came after the new system for window sale of foreign currency, asserting its intention to take further action to target price.
Rashid added that coordination between the Central Bank and private banks played a significant role in maintaining the stability of local versus foreign exchange,calling for greater convergence between the two prices (a market and informal) by re-intervention exchange rate control Government oversightthrough deliberate mechanisms by Central.
He pointed out that stability in the currency market volatility risk assess between sudden and rapid rise or decline affects the general inflation rates.
Under the country's speeding the exchange adjustment intervention policy towards stability help determining the exchange rate even has a supply and demand for foreign currency, explaining the need to install the official exchange rate closer to the equilibrium level which would establish minimum and maximum extent of exchange rate is allowed to fluctuate between those boundaries and therefore reflects on the stability of markets.
The Central Bank said in a statement that the "implementation of the new system for window selling foreign currency led to a marked decline in the exchange rate of the dollar against the Iraqi dinar", noting that "the new system shoveled intermediaries and hackers by changing requirements and procedures towards simplification and transparency in foreign currency sale window operations, the new system also provides window competition between banks on the basis of compliance with the rules against money laundering and terrorist financing.
The Bank added that "the success of the new system encourages further action that will cover the demand for the dollar down to target price by applying new standards and norms and programs achieve clarity and transparency of those processes.
The Bank noted that "controlling exchange rates under challenges and economic and financial conditions and monetary policy success recorded security in large shocks suffered by Iraq", adding that "the improvement in oil prices and the elimination of the terrorist organization" ISIS "would be with significant impact in supporting the country's financial situation and thus ease pressure on monetary policy and allow them to achieve greater monetary stability to this country." (this is the best part of the article- pay attention and re-read it)
The local market has seen a marked decline in the price of the dollar against the Iraqi dinar and five thousand dinars for $100 bills. The local market has seen a marked decline in the dollar against the Iraqi dinar and by five thousand dinars to the category of $ 100. (so this is article if proof that the new system replacing the currency auctions is working…..finally! )
Massoud Barzani: We support al-Sadr’s efforts to cut off the hands of al-Maliki
Wednesday February 15, 2017
Follow-up / Sky Press:
Announced the presidency of the Kurdistan region of Iraq, on Wednesday, expressed support for the movements of the cleric Muqtada al-Sadr, the last to change the electoral commission, noting that al-Sadr seeks to “amputation of the hand,” Vice President Nouri al-Maliki and his aides.
The head of the Office of the Presidency of the Kurdistan region, Fuad Hussein, he followed in the “Sky Press,” that “the existing differences between the Shiites much larger than the subject of changing the Electoral Commission, and the differences between them may reach the level of a war.”
Hussein added that “al-Maliki is now doing all it can in order to return to power, and the return of al-Maliki, Iraq is heading toward a dark era, and the differences between the Shiites and the Kurds will be exacerbated.”
He pointed out that Hussein “Moqtada al-Sadr, wanted to amputate the hand of al-Maliki and his aides from now by changing the Electoral Commission, and this is not just about him, but that the Kurdistan Democratic Party, the strongest political party in the Kurdistan Region, bless these attempts chest.”
Ayman total liberation of Mosul operations within 72 hours
Nineveh - Iraq Press - February 21
According to security sources in Nineveh province, on Tuesday, that Armored Division ninth and pieces of federal police and rapid reaction popular and the crowd continued to install point operations and equal to the three military axis, which was launched by 72 hours to edit the right side of Mosul. (so it this now all liberated? Today is March 3rd so I would imagine it is all done. We await the final announcement by Abadi to be official)
He continued, "The engineering effort Operations Brigade 26 in the southern hub southwest of Mosul, continued for the second day in a row to build defensive fortifications in the vicinity (village Alshaji) Add to clear roads and homes of booby-trapping caused by the elements of the criminal organization," adding that "the goals achieved so now since the start editing right side operations of the conductor managed to free the villages and hills (Alshaji and Tel Kisom and experts) and isolate east of Tal Afar regions for the right coast and cracking down on elements of the organization and control of the knot transportation between the right side and the roads leading to the hand Mahlbah and Tal Afar in addition to control of the gate right coast from the southwest and west of the city. (recent news on Feb 25th told us ISIS is dug in greater than anticipated but the outcome will still be the same. It might just take a few more days than planned. Today is 6 days beyond this last article so is Mosul now “fully” liberated? We wait to hear the new…..
WHAT IS HOLDING BACK ON “FULLY” EXECUTING THE SOLUTION?
Parliamentary Finance’s “approach” to postpone the project to delete the zeros until further notice
BAGHDAD / .. Finance Committee in the House of Representatives announced the postponement of the project to delete the zeros that was planned years ago to apply until further notice. (note that this is the finance committee and not the CBI speaking)
She said a committee member from the Kurdistan Democratic Party Najiba Najib Ibrahim’s “approach” to the project to delete the zeros based but delayed until further notice. (this could mean once Mosul is fully liberated along with other issues I list below)
And Izzat Ibrahim, the reasons for the postponement of the project to the security situation and the unwillingness of the relevant authorities to apply at the moment, (relevant authorities = the CBI) but denied knowing in advance of starting the project. (So the finance committee does not know the starting date? How can they say it is postponed until further notice? sounds to me that they had a target date and missed it. How else could they decide to postpone it if they did not miss a target? We wait for news of a new target.)
Other issues:
· Liberating Mosul and “fully” securing the regions involved.
· Securing the boarder with Syria
· Implementation of the National Reconciliation Law (to what extent?)
· Limiting Iranian influence in governmental matters
· Preventing the Iraqi political figures responsible for bringing Iraq to the mess in the first place must be neutralized.
· Full execution of the Iraqi constitution (this means article 140 and HCL)
(please reference the many articles I presented in my previous news letters. ([url=http://www.dinarrecaps.com/1/category/mnt goat/1.html]LINK[/url]) I can not list all the articles again and again to substantiate these statements. You must keep up with the news and the reading. There is a saying…..”you sleep, you weep”)
Their words not mine…..No Rumors, No Hype, Just the FACTS!
Auf Wiedersehen
Much love to ya all,
Mnt Goat
I bring you much news today.
Again I want to reiterate that I am not an intel “guru”. It is an insult to call me that name. I simply bring the news from Iraqi news channels and make my own opinion to help you understand. You can take my opinion or leave it. The news from Iraq still remains the same.
So in today’s news letter I want to bring you more FACTS not conjecture or some high hopes of an RV today or tomorrow. The FACTS speak for themselves. So let us look at the FACTS.
I pondered on just how to present this information to the dinar community today. I decided I am not going to lecture you. Instead I will present it to you the best way I know how. This information is tricky and many will tell you otherwise. But if you want the FACTS, not convoluted hype, you must take off your RV hat, sit, relax and listen to what I am going to explain to you today.
So let me take you step by step what is happening in Iraq and pose a series of questions to you. In doing so I find this is easiest way to explain why we still wait for a change in currency value we all want and why we still sit here in early March 2017 waiting for it.
Remember too that March is still within range of “Early 2017” and we have been told by the CBI that the project to delete the zeros will resume in EARLY 2017. It is a fact that part of this project is connected with bringing in a new rate to the Iraqi dinar. This is the tie in to the project.
This is not rocket science and by taking an orderly process I am attempting to connect these questions together (see highlighted questions in RED below) as this RV saga is playing out. I listed below some articles. So you can read it all for yourselves. These articles are their words not mine. I am only the messenger. Sorry no hype for you today. You will have to go elsewhere to get your jolt of hype for the day! ….lol….lol….
First: IS THE IRAQI DINAR INTERNATIONAL? (Many have falsely led you to believe it is already international simply because some banks are now once again selling and buying dinar)
Second: WHAT IS THE PROBLEM IN GETTTING IT INTERNATIONAL? (Why is a significant change in value absolutely necessary and soon?)
Third: WHAT IS THE SOLUTION TO THE PROBLEM? (The CBI and IMF has been telling us how to correct the situation with the economy. Will these economic and financial reforms eventually lead to some kind of catalysts to bring about the significant change in the value or will the change in value be the final catalyst?)
Forth: WHAT IS HOLDING BACK ON “FULLY” EXECUTING THE SOLUTION? (So the CBI has told us many times that the solution is to move to a globally tradable currency with a true value to reflect the true Iraqi economy. So why don’t they not just do it?)
Let’s now address these questions in more detail. I included some recent articles with my commentary. It all begins here:
IS THE IRAQI DINAR INTERNATIONAL?
Contrary to what many of these so called intel “gurus” are telling you the Iraqi dinar is not yet international. How can it be international? Do they know what an “international” status means? They are telling you this because the banks are selling and buying the currency once again. But is this really at the international level?
NO! It is not. Let me explain. So around the years 2011-2013 most European, Canadian and USA banks stopped selling and buying IQD. They were instructed (recommended) to do this at the request of the US Treasury. Why was this done?
· Banks have a choice to choose to sell or buy any currency based on revenue generated for the spread charged for the exchange. Everyone was buying but not selling
· To prevent a high level of currency speculation
· To prevent currency scams upon the currency buyers brought on by the charlatans selling products and having conference calls with false intel as with rumors of a short term revaluation in the near future.
· To protect the average consumer
But remember that the program rate and the 3 zero notes were artificially placed in the economy in 2003. So why did the banks still continue to sell and buy the currency from 2003 – 20011-2013 timeframe prior to the US Treasury asking the banks to shut it down? It was not international then.
Could it be that they needed to shut it down due to all the nonsense perpetrated on the people investing in this currency and other very speculative currencies? Also remember the false claims of a “global currency reset” (or GCR).
The answer is simple. The answer is YES, YES and YES again! They wanted (needed) to de-legitimize the currency (currencies). Since the Iraqi dinar 3 zero notes were meant for in-country use only in the “closed” Iraqi economy. It was not meant for international sales. This was the first problem. Selling or buying it outside the country could only be risky and could even funnel large amounts of dinars to the terrorists organizations. So we must look at the intent of downgrading the currency in the first place. The next problem was the amount of money the American consumer was spending on such highly speculative currencies. This wave speculation and rumors was the cause of billions being tied up in these currencies.
But wait a second….did they not artificially de-value the Iraqi currency to prevent terrorists from getting their hands on a currency that they could use to buy weapons to fight against the coalition forces? So what is the real risk of this anyhow on letting the 3 zero notes outside of Iraq? Aren’t they almost worthless?
So it turns out now the risk is not high and not so much a concern in the dinar getting in the hands of the terrorists as is the US dollar getting in the hands of the terrorists. Let me explain.
Due to sanctions Iraq operates in a “closed” economy. This is an important concept for you to understand. Here is how it works- Iraq sells its oil and this revenue (sold in US dollars only) goes into the CBI reserves. The more oil they pump the higher the reserve amount. The sanctions also tell us that the Iraq economy must interface with the outside world using only dollars. So when they pay for imported goods or services they must pay in US Dollars only. They can not pay using their own dinars.
These sanctions force Iraq to use these large 3 zero notes (dinar) only for in-country transactions such as everyday shopping and expenses. Thus when the merchants need to pay for imports they must take their dinar (collected from citizens used to pay for goods and services) and exchange them for US dollars from the CBI. This exchange is done at a special department at the bank called the currency auction. Then they pay the importers.
In theory control is never lost on how much money is leaving the country. In theory it all can be tracked. The intent was full transparency. However, did owevethis system work as intended or was it flawed?
We know by reading many articles over these last many years since 2003 that in fact the system did not work so well. There was billions lost in money laundering and corruption connected with these currency auctions. The terrorists decided they did not want the dinar as they wanted the US dollars even more out of the CBI auctions. Does this surprise you? US dollars are much more valuable than the dinars and can be used just about anywhere in the world for trade.
We know that the rate on the US dollars can buy much more than the dinar in the open market if smuggled out of Iraq. So all this corruption lessened the effect of the sanctions and measures had to be taken to tighten up these currency auctions. It took nearly 13 years to do it.
Basically US dollars, as earned revenue on oil sales (petro dollars), should equal dollars leaving Iraq to buy imported goods and services. If managed correctly they should balance unless they can pump more oil than they need for imports, thus a surplus of US dollars in the CBI reserves. This is how the CBI reserves gradually increased over the years. But with the drop in the price of oil there then became a deficit in that the dollars in revenue from oil was not even enough to pay for the imports, thus the CBI has to take money out of the reserves to make up the difference. The reserve amount began to rapidly decline. Remember also that much of this deficit was caused by corruption and not real payment to importers. So the problem was exacerbated.
This forced the CBI to take serious action to fix the problem or the CBI reserves would soon be depleted. You read all the articles from the CBI on this topic of the last couple years. This soon came to a crisis level. The US Treasury and the IMF stepped in to help.
Remember the dinar to dollar rate in 2003 was about 4,000 dinars to a dollar. The rate slowly decreased overtime as the CBI carefully managed the economy and oil prices soared. Thus with reserve surpluses the rate was allowed to drop (a very good thing for Iraq since it cost less dinars to buy imports)
But instead what happened? Overtime a drop in oil prices and mismanagement of the currency auctions caused the amount of dinars to rise that are needed to exchange for US dollars to pay for imports. This mismanagement was all about the corruption and money laundering. Simply put the terrorists and corrupt politicians found a way around the system.
The rate of the dinar to exchange for US dollars is called the “program” rate. The program rate is an “artificial rate”. It is just an agreement between the IMF, the CBI and the GOI.
So how does all this affect us as investors?
We should not be worried about watching the program rate. Getting this “program rate” down to the rate that we keep hearing is on the bank screens…lol…lol…is a falsehood and a mjor part of the confusion in the dinar community. This program rate has very little to do with the rate we are looking for and wait for. Let me repeat that again – “This program rate has very little to do with the rate we are looking for”. Am I clear on this statement?
We should not be watching for this program rate to drop down to match the US dollar. Instead our focus should be on the international rate, a rate of true value to the dinar. This rate only will come when they decide to take the Iraqi currency out of the program rate and move the currency out of sanctions, thus no longer a need to go to the CBI to exchange dinar for US dollars to buy imports goods and services. Get it? So please stop worrying about this 1166, 1280, 1300 or ?? dinars to the US dollar rate. It is only an artificial program rate. Think of the entire process Iraq is now under at temporary. In fact it was never intended to continue this long.
So for now Iraq is forced to continue with these currency auctions as long as they are still under sanctions. The articles tell us the CBI may have finally found a solution to limit the monetary damage caused by these auctions. They have implemented this solution and they are witnessing more control over the program rate, something the IMF has told us they must do. It is early in the new process and we watch to see the results. The slow increase in the price of oil, along with their temporary loans and economic reforms is slowly digging the Iraqi economy out of the deficit situation. However remember that when the government talks about the war with ISIS they are mostly talking about two things – the Security and the Stability issues. With stability they are talking mostly about the COST of the war and the draw on the oil revenues to pay for it. Once this expense is no longer a concern they have told us they can seriously more ahead with rebuilding the country, something that should have already been completed when oil was selling for over $100 a barrel in the past. Yes- this was their golden opportunity in the past and they neglected to take advantage of it due to corruption.
I can also tell you that there will always be a need to convert dinars to dollars in Iraq in the future (even after the RV), like for ever and ever just like banks in your country exchange dollars for other foreign currencies so you can travel abroad. So don’t get this all mixed up.
Also the new Trump administration in the USA has plans to bring massive amounts of USA goods and services to Iraq, which will mean more dinars exchanged for US dollars in the future. But this exchange is not the kind of exchange now taking place to buy goods and services in Iraq, as under sanctions. Please don’t confuse the two just because they use the term “exchange”. In the future the “global free market currency exchanges will make the exchange at the international rate and not the stifled program rate.
IN the future the conversion from dinars to other currencies will be automatic and done as money is electronically transferred thru the banking system. In other words as dinar in the future is used to pay for imports of goods and services in Iraq, the currency exchange systems throughout the world banking system will be tied to the global currency exchanges, as they are today for other currencies, only then the Iraqi dinar will be listed also. The banks for the companies doing business with them will simply convert the dinar to the currency of origin, as they tie into the international currency exchanges. It could be Yuan, dollars, Euro, etc, etc… Let’s not forget about companies that will want to take their profits out of Iraq and so this conversion will be very important. This can not possibly be accomplished with the current system in operation during the sanctions. Iraq must be truly international when they can get to this level of the economic development. Simply put the currency system will not work under these future conditions.
Can you see the difference as in the future there is an urgent necessity for Iraq to get off the program rate if Iraq is to see any real potential for economic growth, as they are telling us they plan for? We can also see the need for a steady rate of the dinar and more purchasing power. Having the dinar at a REAL rate and the rate gauged off the GLOBAL currency exchanges helps to ensure this stability of the currency.
We also know the likelihood of sanctions ending will not take place until war reparations are completed or a deal is struck with Kuwait. But this is only my opinion from the many articles I presented to you in this topic in the past. There is also the necessity to prevent funding of the current terrorist organizations operating in Iraq. So all these issue still plaque the decision for currency reform.
I will say it again and again and I hope you are listening to me this time – THEY WILL NOT LIFT THE Iraqi CURRENCY SANCTIONS UNTIL THE REASON WHY THEY PUT THEM THERE IN THE FIRST PLACE NO LONGER EXISTS! Get it?
So does this mean regions must be fully liberated from ISIS?
Yes, of course as this is not me alone telling you this. The CBI itself has told us this many times.
There is no magic to it. It is that simple. So the Iraqi dinar is NOT yet trading on the international exchanges at any rate nor will it until there is a reasonable level of SECURITY and STABILITY in the region. They can not and will not be allowed to list the currency on the international exchanges until certain factors apply. Yes- I said region and not just in Iraq. Could this may also mean on the border with Syria.
WHAT IS THE PROBLEM?
Specialists: fluctuation of inflation confuses the living conditions of citizens
03/02/2017 (0:01 pm)
Baghdad / Zahra al - Jassem
Like many other employees, as well as the vast majority of people, you may not realize desert Hamid, employed in one of the state departments, meaning high or low inflation index which you read about in the newspapers or hear on the radio and television, but they are complaining about and concerned about how they can out to establish a stable budget for the family as charged and her husband, an employee is also, of salaries began to drop due to several deductions.
The Ministry of Planning revealed in the latest report of the Central Bureau of Statistics for the low annual inflation index for 2016 by (0.9%), but this year opened up slightly in the month of January last rate (0.1%), after it was up by 0.2% during the month December last year, on the other hand the base rate of inflation rose 0.3% from the previous month, with a mention in the report that the price survey did not include the provinces of Nineveh and Anbar, because of the security situation as it is known.
Parliamentary Finance Committee member Magda Tamimi considers it natural that the volatility in the inflation index is happening in the absence of real productivity of the state in general, and emphasizes the importance of strengthening the value of the Dinar through attention to the private sector.
He adds Tamimi, saying in an interview (to the extent): to recover our economy will need a good market movement, reflected this development on the ability of the Iraqi dinar and the high value against foreign currencies, (have to get the rate of the US dollar down against the dinar) and adds: So everyone is counting on the private sector because the economy strength comes from the activation of agriculture and industry, afterthought: but the reality is that there is a recession in the market and unemployment, we can almost rely at all on imports from abroad. (have to stop relying so much on imports and strengthen the local economy with in-country goods and services)
Confirms al-Tamimi: that the rise in the inflation index, even though it was slightly It affects low-income citizens, because Mdjulath not enough to buy the same goods or services that were bought before, and therefore the purchasing power decline, which means more poverty and rising poverty rates. (by a significant change in the value of the dinar this will raise the purchasing power of the dinar and slowly force out the lower denominations on the streets as the necessity for them will be realized greater and greater as time goes on. The movement out of the “closed economy” will then become a necessity and the use of the IQD dinar globally will be in high demand, thus driving the rate yet even more upwards)
A spokesman for the Ministry of Planning Abdul-Zahra al-Hindawi said in a media statement that the number of job categories recorded a rise in prices, including the Department of Housing rose (1.1%) to contribute by (169.2%) in the monthly rate of change due to the high standard figures for a rent rate (0.1% ) and a maintenance and Services housing rate (0.8%, and the range of water and electricity supplies by (10.1% and record the health department is also increased by (0.1) to contribute by 2.1% in the monthly rate of change, noting that the Department of transportation prices rose (0.1) to contribute by (8.0%) in the monthly rate of change, as the Department of miscellaneous goods and services recorded an increase of (0.5%) to contribute by 11.7% in the monthly rate of change..
For his part, sees economist Dergham Mohammed said the high and low as long as inflation indicators are not based on the foundations of development, it is not an indication of the recovery of the Iraqi economy, as some believe, being still mainly depends on the only oil supplier.
He says in an interview for "(to the extent) that it is by working to adjust the price of the dollar in the domestic market and expansion in the housing sector, and other factors, including increased demand for real estate market, which will raise the allowances rentals, noting that the areas adjacent to military operations in Nineveh attest exodus can increase the demand for relatively rents may raise their prices.
And continues to-date: that any rise in the dollar exchange rate in the domestic market rises with the consumer exchange rate, which is fueling inflation and exchange rate depreciation, pointing out that it leads to a decline in consumer exchange rate, he adds, so the rise in the inflation index in the country be subject to multiple factors, notably the dollar exchange rate, which is determined by which the price of imported goods prices, the fact that the Iraqi citizen today is almost entirely dependent on imports.
Iraq is witnessing crises successive and interrelated strain the economy and finances and public resources, while not offset by temporary solutions, where the spread of financial and administrative corruption in most of the corridors of the state, and the inability of regulators to prosecute the corrupt and take legal action against them, made public money vulnerable to pillaging by members of different groups to the lack of adequate laws and strict action taken against them, which is reflected clearly through the development of new projects and the fragility of material and human failure.
Change has accused "influential" hide corruption files in the Ministry of Finance through the "political deals"
Treasures Media - accused of mass change in Parliament, on Friday, "influential figures" hide the corrupted files in the Ministry of Finance through the "political deals , " pointing to the existence of "ambiguity" on the assignment of Deputy Finance Minister Fadhil Nabi to retirement, while calling for an integrated government program to fight corruption .
The MP for the Bloc Serwa Abdul Wahid in an interview with local media, and I followed the agency
She said Abdul Wahid, that "there Amodha swirling around the subject of the assignment Fadel prophet of retirement," [b>pointing out that "influential figures hide behind the Ministry of Finance Files".
She said "there is collusion to end the corruption within the Ministry of Finance through political deals," asserting that "the fight against corruption needs to complete a government program."
WHAT IS THE SOLUTION TO THE PROBLEM?
Chalabi calls on reviving the local market Keywords Iraqi currency after the liberation of the left coast of the connect
He appealed to the former deputy governor of the Central Bank of Osama Ibrahim Chalabi, the current governor of the central bank on the local market Keywords reviving the Iraqi currency after the liberation of the left coast of the city of Mosul. (does this mean an instant RV once Mosul is done? NO! It is a start but since many other factors are still at play such as getting rid of the Iranian influence and securing the boarders of Iraq with Syria. The National Reconciliation Law will drive the efforts to peace and less violence but it must be implemented and this will take time. There is no gauge on what level of implementation that will be necessary but rather just a level of overall STABILITY and SECURITY.)
The Chalabi said in a statement that this stage requires recovery of the economic and financial situation after the looting of the organization Daesh terrorist is among the citizens of cash and seized local and foreign cash balances of government and private banks, calling the Iraqi Central Bank to take exceptional and unconventional measures is to open headquarters alternative to the central bank on the left side editor the lending government and private banks with the necessary cash to meet the local need as well as directing specialist banks Kalmsrv real estate and the agricultural Bank to take its role in such circumstances to deal with money looted by the terrorist organization legally in order to maintain the return to normal, according to the statement.
Financial operations of the Central Bank of the economy News window sell the currency does not deal with people
Economy News / Baghdad ...
The Director General of the Department of financial operations at the central
bank Alaracay Mahmoud Dagher, to sell the currency window does not deal
with people, stressing that the central bank took control on inflation.
Said Dagher in an interview for "Economy News", the sale of foreign currency, of
course window is to conduct my time due to the adoption of Iraq on a single supplier
to enter the hard currency the dollar into Iraq from oil sales, and the central bank
is working on this basis for the Horn demands of customers of the dollar.
Dagher and between that sell the currency at the central bank window does not deal
with people, but with the institutions licensed by the Bank in accordance with the
mechanisms and control of severe, indicating that the window today operates
under a new system in turn helped to reduce the sale price of the dinar
against the dollar.
He added that the Bank has developed standards for banks that enter into currency
window and on this basis will meet the demands of the dollar and is a global
standards of operation in secure banking practices.
A marked decline in the dollar to dinar
04/3/2017
Baghdad/Mostafa Hashemi
Nowadays the market is experiencing a decline in the dollar to dinar after reaching record levels in the past two years because balancing act 2015 for the Central Bank to sell dollars less than one third of the demand led to the dollar until the last week of February last year began experiencing significant decline.
Academic finds Imad Rashid, economic necessity of a guarantee that the coin itself convergent value and economically acceptable in the free and informal markets.
Rashid pointed out in his speech to "morning" that the dinar in the market to previous rates coincided with Central Bank intervention to enforce monetary policy tools to reduce the dollar's value with supply management, explaining that these actions would achieve a balance in order to buy foreign currency.
The Central Bank had reduced the US dollar exchange rate for the dinar in local markets, came after the new system for window sale of foreign currency, asserting its intention to take further action to target price.
Rashid added that coordination between the Central Bank and private banks played a significant role in maintaining the stability of local versus foreign exchange,calling for greater convergence between the two prices (a market and informal) by re-intervention exchange rate control Government oversightthrough deliberate mechanisms by Central.
He pointed out that stability in the currency market volatility risk assess between sudden and rapid rise or decline affects the general inflation rates.
Under the country's speeding the exchange adjustment intervention policy towards stability help determining the exchange rate even has a supply and demand for foreign currency, explaining the need to install the official exchange rate closer to the equilibrium level which would establish minimum and maximum extent of exchange rate is allowed to fluctuate between those boundaries and therefore reflects on the stability of markets.
The Central Bank said in a statement that the "implementation of the new system for window selling foreign currency led to a marked decline in the exchange rate of the dollar against the Iraqi dinar", noting that "the new system shoveled intermediaries and hackers by changing requirements and procedures towards simplification and transparency in foreign currency sale window operations, the new system also provides window competition between banks on the basis of compliance with the rules against money laundering and terrorist financing.
The Bank added that "the success of the new system encourages further action that will cover the demand for the dollar down to target price by applying new standards and norms and programs achieve clarity and transparency of those processes.
The Bank noted that "controlling exchange rates under challenges and economic and financial conditions and monetary policy success recorded security in large shocks suffered by Iraq", adding that "the improvement in oil prices and the elimination of the terrorist organization" ISIS "would be with significant impact in supporting the country's financial situation and thus ease pressure on monetary policy and allow them to achieve greater monetary stability to this country." (this is the best part of the article- pay attention and re-read it)
The local market has seen a marked decline in the price of the dollar against the Iraqi dinar and five thousand dinars for $100 bills. The local market has seen a marked decline in the dollar against the Iraqi dinar and by five thousand dinars to the category of $ 100. (so this is article if proof that the new system replacing the currency auctions is working…..finally! )
Massoud Barzani: We support al-Sadr’s efforts to cut off the hands of al-Maliki
Wednesday February 15, 2017
Follow-up / Sky Press:
Announced the presidency of the Kurdistan region of Iraq, on Wednesday, expressed support for the movements of the cleric Muqtada al-Sadr, the last to change the electoral commission, noting that al-Sadr seeks to “amputation of the hand,” Vice President Nouri al-Maliki and his aides.
The head of the Office of the Presidency of the Kurdistan region, Fuad Hussein, he followed in the “Sky Press,” that “the existing differences between the Shiites much larger than the subject of changing the Electoral Commission, and the differences between them may reach the level of a war.”
Hussein added that “al-Maliki is now doing all it can in order to return to power, and the return of al-Maliki, Iraq is heading toward a dark era, and the differences between the Shiites and the Kurds will be exacerbated.”
He pointed out that Hussein “Moqtada al-Sadr, wanted to amputate the hand of al-Maliki and his aides from now by changing the Electoral Commission, and this is not just about him, but that the Kurdistan Democratic Party, the strongest political party in the Kurdistan Region, bless these attempts chest.”
Ayman total liberation of Mosul operations within 72 hours
Nineveh - Iraq Press - February 21
According to security sources in Nineveh province, on Tuesday, that Armored Division ninth and pieces of federal police and rapid reaction popular and the crowd continued to install point operations and equal to the three military axis, which was launched by 72 hours to edit the right side of Mosul. (so it this now all liberated? Today is March 3rd so I would imagine it is all done. We await the final announcement by Abadi to be official)
He continued, "The engineering effort Operations Brigade 26 in the southern hub southwest of Mosul, continued for the second day in a row to build defensive fortifications in the vicinity (village Alshaji) Add to clear roads and homes of booby-trapping caused by the elements of the criminal organization," adding that "the goals achieved so now since the start editing right side operations of the conductor managed to free the villages and hills (Alshaji and Tel Kisom and experts) and isolate east of Tal Afar regions for the right coast and cracking down on elements of the organization and control of the knot transportation between the right side and the roads leading to the hand Mahlbah and Tal Afar in addition to control of the gate right coast from the southwest and west of the city. (recent news on Feb 25th told us ISIS is dug in greater than anticipated but the outcome will still be the same. It might just take a few more days than planned. Today is 6 days beyond this last article so is Mosul now “fully” liberated? We wait to hear the new…..
WHAT IS HOLDING BACK ON “FULLY” EXECUTING THE SOLUTION?
Parliamentary Finance’s “approach” to postpone the project to delete the zeros until further notice
BAGHDAD / .. Finance Committee in the House of Representatives announced the postponement of the project to delete the zeros that was planned years ago to apply until further notice. (note that this is the finance committee and not the CBI speaking)
She said a committee member from the Kurdistan Democratic Party Najiba Najib Ibrahim’s “approach” to the project to delete the zeros based but delayed until further notice. (this could mean once Mosul is fully liberated along with other issues I list below)
And Izzat Ibrahim, the reasons for the postponement of the project to the security situation and the unwillingness of the relevant authorities to apply at the moment, (relevant authorities = the CBI) but denied knowing in advance of starting the project. (So the finance committee does not know the starting date? How can they say it is postponed until further notice? sounds to me that they had a target date and missed it. How else could they decide to postpone it if they did not miss a target? We wait for news of a new target.)
Other issues:
· Liberating Mosul and “fully” securing the regions involved.
· Securing the boarder with Syria
· Implementation of the National Reconciliation Law (to what extent?)
· Limiting Iranian influence in governmental matters
· Preventing the Iraqi political figures responsible for bringing Iraq to the mess in the first place must be neutralized.
· Full execution of the Iraqi constitution (this means article 140 and HCL)
(please reference the many articles I presented in my previous news letters. ([url=http://www.dinarrecaps.com/1/category/mnt goat/1.html]LINK[/url]) I can not list all the articles again and again to substantiate these statements. You must keep up with the news and the reading. There is a saying…..”you sleep, you weep”)
Their words not mine…..No Rumors, No Hype, Just the FACTS!
Auf Wiedersehen
Much love to ya all,
Mnt Goat
Mountain Goatee- VIP Member
- Posts : 569
Join date : 2016-01-12
Re: Mountain Goat 3/4/17
by Mountain Goatee Sat Mar 04, 2017 11:22 am
The MP for the Bloc Serwa Abdul Wahid in an interview with local media, and I followed the agency
She said Abdul Wahid, that "there Amodha swirling around the subject of the assignment Fadel prophet of retirement," [b>pointing out that "influential figures hide behind the Ministry of Finance Files".
She said "there is collusion to end the corruption within the Ministry of Finance through political deals," asserting that "the fight against corruption needs to complete a government program."
WHAT IS THE SOLUTION TO THE PROBLEM?
Chalabi calls on reviving the local market Keywords Iraqi currency after the liberation of the left coast of the connect
He appealed to the former deputy governor of the Central Bank of Osama Ibrahim Chalabi, the current governor of the central bank on the local market Keywords reviving the Iraqi currency after the liberation of the left coast of the city of Mosul. (does this mean an instant RV once Mosul is done? NO! It is a start but since many other factors are still at play such as getting rid of the Iranian influence and securing the boarders of Iraq with Syria. The National Reconciliation Law will drive the efforts to peace and less violence but it must be implemented and this will take time. There is no gauge on what level of implementation that will be necessary but rather just a level of overall STABILITY and SECURITY.)
The Chalabi said in a statement that this stage requires recovery of the economic and financial situation after the looting of the organization Daesh terrorist is among the citizens of cash and seized local and foreign cash balances of government and private banks, calling the Iraqi Central Bank to take exceptional and unconventional measures is to open headquarters alternative to the central bank on the left side editor the lending government and private banks with the necessary cash to meet the local need as well as directing specialist banks Kalmsrv real estate and the agricultural Bank to take its role in such circumstances to deal with money looted by the terrorist organization legally in order to maintain the return to normal, according to the statement.
Financial operations of the Central Bank of the economy News window sell the currency does not deal with people
Economy News / Baghdad ...
The Director General of the Department of financial operations at the central
bank Alaracay Mahmoud Dagher, to sell the currency window does not deal
with people, stressing that the central bank took control on inflation.
Said Dagher in an interview for "Economy News", the sale of foreign currency, of
course window is to conduct my time due to the adoption of Iraq on a single supplier
to enter the hard currency the dollar into Iraq from oil sales, and the central bank
is working on this basis for the Horn demands of customers of the dollar.
Dagher and between that sell the currency at the central bank window does not deal
with people, but with the institutions licensed by the Bank in accordance with the
mechanisms and control of severe, indicating that the window today operates
under a new system in turn helped to reduce the sale price of the dinar
against the dollar.
He added that the Bank has developed standards for banks that enter into currency
window and on this basis will meet the demands of the dollar and is a global
standards of operation in secure banking practices.
A marked decline in the dollar to dinar
04/3/2017
Baghdad/Mostafa Hashemi
Nowadays the market is experiencing a decline in the dollar to dinar after reaching record levels in the past two years because balancing act 2015 for the Central Bank to sell dollars less than one third of the demand led to the dollar until the last week of February last year began experiencing significant decline.
Academic finds Imad Rashid, economic necessity of a guarantee that the coin itself convergent value and economically acceptable in the free and informal markets.
Rashid pointed out in his speech to "morning" that the dinar in the market to previous rates coincided with Central Bank intervention to enforce monetary policy tools to reduce the dollar's value with supply management, explaining that these actions would achieve a balance in order to buy foreign currency.
The Central Bank had reduced the US dollar exchange rate for the dinar in local markets, came after the new system for window sale of foreign currency, asserting its intention to take further action to target price.
Rashid added that coordination between the Central Bank and private banks played a significant role in maintaining the stability of local versus foreign exchange,calling for greater convergence between the two prices (a market and informal) by re-intervention exchange rate control Government oversightthrough deliberate mechanisms by Central.
He pointed out that stability in the currency market volatility risk assess between sudden and rapid rise or decline affects the general inflation rates.
Under the country's speeding the exchange adjustment intervention policy towards stability help determining the exchange rate even has a supply and demand for foreign currency, explaining the need to install the official exchange rate closer to the equilibrium level which would establish minimum and maximum extent of exchange rate is allowed to fluctuate between those boundaries and therefore reflects on the stability of markets.
The Central Bank said in a statement that the "implementation of the new system for window selling foreign currency led to a marked decline in the exchange rate of the dollar against the Iraqi dinar", noting that "the new system shoveled intermediaries and hackers by changing requirements and procedures towards simplification and transparency in foreign currency sale window operations, the new system also provides window competition between banks on the basis of compliance with the rules against money laundering and terrorist financing.
The Bank added that "the success of the new system encourages further action that will cover the demand for the dollar down to target price by applying new standards and norms and programs achieve clarity and transparency of those processes.
The Bank noted that "controlling exchange rates under challenges and economic and financial conditions and monetary policy success recorded security in large shocks suffered by Iraq", adding that "the improvement in oil prices and the elimination of the terrorist organization" ISIS "would be with significant impact in supporting the country's financial situation and thus ease pressure on monetary policy and allow them to achieve greater monetary stability to this country." (this is the best part of the article- pay attention and re-read it)
The local market has seen a marked decline in the price of the dollar against the Iraqi dinar and five thousand dinars for $100 bills. The local market has seen a marked decline in the dollar against the Iraqi dinar and by five thousand dinars to the category of $ 100. (so this is article if proof that the new system replacing the currency auctions is working…..finally! )
Massoud Barzani: We support al-Sadr’s efforts to cut off the hands of al-Maliki
Wednesday February 15, 2017
Follow-up / Sky Press:
Announced the presidency of the Kurdistan region of Iraq, on Wednesday, expressed support for the movements of the cleric Muqtada al-Sadr, the last to change the electoral commission, noting that al-Sadr seeks to “amputation of the hand,” Vice President Nouri al-Maliki and his aides.
The head of the Office of the Presidency of the Kurdistan region, Fuad Hussein, he followed in the “Sky Press,” that “the existing differences between the Shiites much larger than the subject of changing the Electoral Commission, and the differences between them may reach the level of a war.”
Hussein added that “al-Maliki is now doing all it can in order to return to power, and the return of al-Maliki, Iraq is heading toward a dark era, and the differences between the Shiites and the Kurds will be exacerbated.”
He pointed out that Hussein “Moqtada al-Sadr, wanted to amputate the hand of al-Maliki and his aides from now by changing the Electoral Commission, and this is not just about him, but that the Kurdistan Democratic Party, the strongest political party in the Kurdistan Region, bless these attempts chest.”
Ayman total liberation of Mosul operations within 72 hours
Nineveh - Iraq Press - February 21
According to security sources in Nineveh province, on Tuesday, that Armored Division ninth and pieces of federal police and rapid reaction popular and the crowd continued to install point operations and equal to the three military axis, which was launched by 72 hours to edit the right side of Mosul. (so it this now all liberated? Today is March 3rd so I would imagine it is all done. We await the final announcement by Abadi to be official)
He continued, "The engineering effort Operations Brigade 26 in the southern hub southwest of Mosul, continued for the second day in a row to build defensive fortifications in the vicinity (village Alshaji) Add to clear roads and homes of booby-trapping caused by the elements of the criminal organization," adding that "the goals achieved so now since the start editing right side operations of the conductor managed to free the villages and hills (Alshaji and Tel Kisom and experts) and isolate east of Tal Afar regions for the right coast and cracking down on elements of the organization and control of the knot transportation between the right side and the roads leading to the hand Mahlbah and Tal Afar in addition to control of the gate right coast from the southwest and west of the city. (recent news on Feb 25th told us ISIS is dug in greater than anticipated but the outcome will still be the same. It might just take a few more days than planned. Today is 6 days beyond this last article so is Mosul now “fully” liberated? We wait to hear the new…..
WHAT IS HOLDING BACK ON “FULLY” EXECUTING THE SOLUTION?
Parliamentary Finance’s “approach” to postpone the project to delete the zeros until further notice
BAGHDAD / .. Finance Committee in the House of Representatives announced the postponement of the project to delete the zeros that was planned years ago to apply until further notice. (note that this is the finance committee and not the CBI speaking)
She said a committee member from the Kurdistan Democratic Party Najiba Najib Ibrahim’s “approach” to the project to delete the zeros based but delayed until further notice. (this could mean once Mosul is fully liberated along with other issues I list below)
And Izzat Ibrahim, the reasons for the postponement of the project to the security situation and the unwillingness of the relevant authorities to apply at the moment, (relevant authorities = the CBI) but denied knowing in advance of starting the project. (So the finance committee does not know the starting date? How can they say it is postponed until further notice? sounds to me that they had a target date and missed it. How else could they decide to postpone it if they did not miss a target? We wait for news of a new target.)
Other issues:
· Liberating Mosul and “fully” securing the regions involved.
· Securing the boarder with Syria
· Implementation of the National Reconciliation Law (to what extent?)
· Limiting Iranian influence in governmental matters
· Preventing the Iraqi political figures responsible for bringing Iraq to the mess in the first place must be neutralized.
· Full execution of the Iraqi constitution (this means article 140 and HCL)
(please reference the many articles I presented in my previous news letters. ([url=http://www.dinarrecaps.com/1/category/mnt goat/1.html]LINK[/url]) I can not list all the articles again and again to substantiate these statements. You must keep up with the news and the reading. There is a saying…..”you sleep, you weep”)
Their words not mine…..No Rumors, No Hype, Just the FACTS!
Auf Wiedersehen
Much love to ya all,
Mnt Goat
She said Abdul Wahid, that "there Amodha swirling around the subject of the assignment Fadel prophet of retirement," [b>pointing out that "influential figures hide behind the Ministry of Finance Files".
She said "there is collusion to end the corruption within the Ministry of Finance through political deals," asserting that "the fight against corruption needs to complete a government program."
WHAT IS THE SOLUTION TO THE PROBLEM?
Chalabi calls on reviving the local market Keywords Iraqi currency after the liberation of the left coast of the connect
He appealed to the former deputy governor of the Central Bank of Osama Ibrahim Chalabi, the current governor of the central bank on the local market Keywords reviving the Iraqi currency after the liberation of the left coast of the city of Mosul. (does this mean an instant RV once Mosul is done? NO! It is a start but since many other factors are still at play such as getting rid of the Iranian influence and securing the boarders of Iraq with Syria. The National Reconciliation Law will drive the efforts to peace and less violence but it must be implemented and this will take time. There is no gauge on what level of implementation that will be necessary but rather just a level of overall STABILITY and SECURITY.)
The Chalabi said in a statement that this stage requires recovery of the economic and financial situation after the looting of the organization Daesh terrorist is among the citizens of cash and seized local and foreign cash balances of government and private banks, calling the Iraqi Central Bank to take exceptional and unconventional measures is to open headquarters alternative to the central bank on the left side editor the lending government and private banks with the necessary cash to meet the local need as well as directing specialist banks Kalmsrv real estate and the agricultural Bank to take its role in such circumstances to deal with money looted by the terrorist organization legally in order to maintain the return to normal, according to the statement.
Financial operations of the Central Bank of the economy News window sell the currency does not deal with people
Economy News / Baghdad ...
The Director General of the Department of financial operations at the central
bank Alaracay Mahmoud Dagher, to sell the currency window does not deal
with people, stressing that the central bank took control on inflation.
Said Dagher in an interview for "Economy News", the sale of foreign currency, of
course window is to conduct my time due to the adoption of Iraq on a single supplier
to enter the hard currency the dollar into Iraq from oil sales, and the central bank
is working on this basis for the Horn demands of customers of the dollar.
Dagher and between that sell the currency at the central bank window does not deal
with people, but with the institutions licensed by the Bank in accordance with the
mechanisms and control of severe, indicating that the window today operates
under a new system in turn helped to reduce the sale price of the dinar
against the dollar.
He added that the Bank has developed standards for banks that enter into currency
window and on this basis will meet the demands of the dollar and is a global
standards of operation in secure banking practices.
A marked decline in the dollar to dinar
04/3/2017
Baghdad/Mostafa Hashemi
Nowadays the market is experiencing a decline in the dollar to dinar after reaching record levels in the past two years because balancing act 2015 for the Central Bank to sell dollars less than one third of the demand led to the dollar until the last week of February last year began experiencing significant decline.
Academic finds Imad Rashid, economic necessity of a guarantee that the coin itself convergent value and economically acceptable in the free and informal markets.
Rashid pointed out in his speech to "morning" that the dinar in the market to previous rates coincided with Central Bank intervention to enforce monetary policy tools to reduce the dollar's value with supply management, explaining that these actions would achieve a balance in order to buy foreign currency.
The Central Bank had reduced the US dollar exchange rate for the dinar in local markets, came after the new system for window sale of foreign currency, asserting its intention to take further action to target price.
Rashid added that coordination between the Central Bank and private banks played a significant role in maintaining the stability of local versus foreign exchange,calling for greater convergence between the two prices (a market and informal) by re-intervention exchange rate control Government oversightthrough deliberate mechanisms by Central.
He pointed out that stability in the currency market volatility risk assess between sudden and rapid rise or decline affects the general inflation rates.
Under the country's speeding the exchange adjustment intervention policy towards stability help determining the exchange rate even has a supply and demand for foreign currency, explaining the need to install the official exchange rate closer to the equilibrium level which would establish minimum and maximum extent of exchange rate is allowed to fluctuate between those boundaries and therefore reflects on the stability of markets.
The Central Bank said in a statement that the "implementation of the new system for window selling foreign currency led to a marked decline in the exchange rate of the dollar against the Iraqi dinar", noting that "the new system shoveled intermediaries and hackers by changing requirements and procedures towards simplification and transparency in foreign currency sale window operations, the new system also provides window competition between banks on the basis of compliance with the rules against money laundering and terrorist financing.
The Bank added that "the success of the new system encourages further action that will cover the demand for the dollar down to target price by applying new standards and norms and programs achieve clarity and transparency of those processes.
The Bank noted that "controlling exchange rates under challenges and economic and financial conditions and monetary policy success recorded security in large shocks suffered by Iraq", adding that "the improvement in oil prices and the elimination of the terrorist organization" ISIS "would be with significant impact in supporting the country's financial situation and thus ease pressure on monetary policy and allow them to achieve greater monetary stability to this country." (this is the best part of the article- pay attention and re-read it)
The local market has seen a marked decline in the price of the dollar against the Iraqi dinar and five thousand dinars for $100 bills. The local market has seen a marked decline in the dollar against the Iraqi dinar and by five thousand dinars to the category of $ 100. (so this is article if proof that the new system replacing the currency auctions is working…..finally! )
Massoud Barzani: We support al-Sadr’s efforts to cut off the hands of al-Maliki
Wednesday February 15, 2017
Follow-up / Sky Press:
Announced the presidency of the Kurdistan region of Iraq, on Wednesday, expressed support for the movements of the cleric Muqtada al-Sadr, the last to change the electoral commission, noting that al-Sadr seeks to “amputation of the hand,” Vice President Nouri al-Maliki and his aides.
The head of the Office of the Presidency of the Kurdistan region, Fuad Hussein, he followed in the “Sky Press,” that “the existing differences between the Shiites much larger than the subject of changing the Electoral Commission, and the differences between them may reach the level of a war.”
Hussein added that “al-Maliki is now doing all it can in order to return to power, and the return of al-Maliki, Iraq is heading toward a dark era, and the differences between the Shiites and the Kurds will be exacerbated.”
He pointed out that Hussein “Moqtada al-Sadr, wanted to amputate the hand of al-Maliki and his aides from now by changing the Electoral Commission, and this is not just about him, but that the Kurdistan Democratic Party, the strongest political party in the Kurdistan Region, bless these attempts chest.”
Ayman total liberation of Mosul operations within 72 hours
Nineveh - Iraq Press - February 21
According to security sources in Nineveh province, on Tuesday, that Armored Division ninth and pieces of federal police and rapid reaction popular and the crowd continued to install point operations and equal to the three military axis, which was launched by 72 hours to edit the right side of Mosul. (so it this now all liberated? Today is March 3rd so I would imagine it is all done. We await the final announcement by Abadi to be official)
He continued, "The engineering effort Operations Brigade 26 in the southern hub southwest of Mosul, continued for the second day in a row to build defensive fortifications in the vicinity (village Alshaji) Add to clear roads and homes of booby-trapping caused by the elements of the criminal organization," adding that "the goals achieved so now since the start editing right side operations of the conductor managed to free the villages and hills (Alshaji and Tel Kisom and experts) and isolate east of Tal Afar regions for the right coast and cracking down on elements of the organization and control of the knot transportation between the right side and the roads leading to the hand Mahlbah and Tal Afar in addition to control of the gate right coast from the southwest and west of the city. (recent news on Feb 25th told us ISIS is dug in greater than anticipated but the outcome will still be the same. It might just take a few more days than planned. Today is 6 days beyond this last article so is Mosul now “fully” liberated? We wait to hear the new…..
WHAT IS HOLDING BACK ON “FULLY” EXECUTING THE SOLUTION?
Parliamentary Finance’s “approach” to postpone the project to delete the zeros until further notice
BAGHDAD / .. Finance Committee in the House of Representatives announced the postponement of the project to delete the zeros that was planned years ago to apply until further notice. (note that this is the finance committee and not the CBI speaking)
She said a committee member from the Kurdistan Democratic Party Najiba Najib Ibrahim’s “approach” to the project to delete the zeros based but delayed until further notice. (this could mean once Mosul is fully liberated along with other issues I list below)
And Izzat Ibrahim, the reasons for the postponement of the project to the security situation and the unwillingness of the relevant authorities to apply at the moment, (relevant authorities = the CBI) but denied knowing in advance of starting the project. (So the finance committee does not know the starting date? How can they say it is postponed until further notice? sounds to me that they had a target date and missed it. How else could they decide to postpone it if they did not miss a target? We wait for news of a new target.)
Other issues:
· Liberating Mosul and “fully” securing the regions involved.
· Securing the boarder with Syria
· Implementation of the National Reconciliation Law (to what extent?)
· Limiting Iranian influence in governmental matters
· Preventing the Iraqi political figures responsible for bringing Iraq to the mess in the first place must be neutralized.
· Full execution of the Iraqi constitution (this means article 140 and HCL)
(please reference the many articles I presented in my previous news letters. ([url=http://www.dinarrecaps.com/1/category/mnt goat/1.html]LINK[/url]) I can not list all the articles again and again to substantiate these statements. You must keep up with the news and the reading. There is a saying…..”you sleep, you weep”)
Their words not mine…..No Rumors, No Hype, Just the FACTS!
Auf Wiedersehen
Much love to ya all,
Mnt Goat
Mountain Goatee- VIP Member
- Posts : 569
Join date : 2016-01-12
Re: Mountain Goat 3/4/17
by Mountain Goatee Sat Mar 04, 2017 11:26 am
The MP for the Bloc Serwa Abdul Wahid in an interview with local media, and I followed the agency Treasures Media, said that "the files of corruption within the Ministry of Finance were hidden on the grounds that Undersecretary Fadel prophet belongs to the same party, which belongs to the Minister of Finance article Hoshyar Zebari."
She said Abdul Wahid, that "there Amodha swirling around the subject of the assignment Fadel prophet of retirement," pointing out that "influential figures hide behind the Ministry of Finance Files".
She said "there is collusion to end the corruption within the Ministry of Finance through political deals," asserting that "the fight against corruption needs to complete a government program."
WHAT IS THE SOLUTION TO THE PROBLEM?
Chalabi calls on reviving the local market Keywords Iraqi currency after the liberation of the left coast of the connect
He appealed to the former deputy governor of the Central Bank of Osama Ibrahim Chalabi, the current governor of the central bank on the local market Keywords reviving the Iraqi currency after the liberation of the left coast of the city of Mosul. (does this mean an instant RV once Mosul is done? NO! It is a start but since many other factors are still at play such as getting rid of the Iranian influence and securing the boarders of Iraq with Syria. The National Reconciliation Law will drive the efforts to peace and less violence but it must be implemented and this will take time. There is no gauge on what level of implementation that will be necessary but rather just a level of overall STABILITY and SECURITY.)
The Chalabi said in a statement that this stage requires recovery of the economic and financial situation after the looting of the organization Daesh terrorist is among the citizens of cash and seized local and foreign cash balances of government and private banks, calling the Iraqi Central Bank to take exceptional and unconventional measures is to open headquarters alternative to the central bank on the left side editor the lending government and private banks with the necessary cash to meet the local need as well as directing specialist banks Kalmsrv real estate and the agricultural Bank to take its role in such circumstances to deal with money looted by the terrorist organization legally in order to maintain the return to normal, according to the statement.
Financial operations of the Central Bank of the economy News window sell the currency does not deal with people
Economy News / Baghdad ...
The Director General of the Department of financial operations at the central
bank Alaracay Mahmoud Dagher, to sell the currency window does not deal
with people, stressing that the central bank took control on inflation.
Said Dagher in an interview for "Economy News", the sale of foreign currency, of
course window is to conduct my time due to the adoption of Iraq on a single supplier
to enter the hard currency the dollar into Iraq from oil sales, and the central bank
is working on this basis for the Horn demands of customers of the dollar.
Dagher and between that sell the currency at the central bank window does not deal
with people, but with the institutions licensed by the Bank in accordance with the
mechanisms and control of severe, indicating that the window today operates
under a new system in turn helped to reduce the sale price of the dinar
against the dollar.
He added that the Bank has developed standards for banks that enter into currency
window and on this basis will meet the demands of the dollar and is a global
standards of operation in secure banking practices.
A marked decline in the dollar to dinar
04/3/2017
Baghdad/Mostafa Hashemi
Nowadays the market is experiencing a decline in the dollar to dinar after reaching record levels in the past two years because balancing act 2015 for the Central Bank to sell dollars less than one third of the demand led to the dollar until the last week of February last year began experiencing significant decline.
Academic finds Imad Rashid, economic necessity of a guarantee that the coin itself convergent value and economically acceptable in the free and informal markets.
Rashid pointed out in his speech to "morning" that the dinar in the market to previous rates coincided with Central Bank intervention to enforce monetary policy tools to reduce the dollar's value with supply management, explaining that these actions would achieve a balance in order to buy foreign currency.
The Central Bank had reduced the US dollar exchange rate for the dinar in local markets, came after the new system for window sale of foreign currency, asserting its intention to take further action to target price.
Rashid added that coordination between the Central Bank and private banks played a significant role in maintaining the stability of local versus foreign exchange,calling for greater convergence between the two prices (a market and informal) by re-intervention exchange rate control Government oversightthrough deliberate mechanisms by Central.
He pointed out that stability in the currency market volatility risk assess between sudden and rapid rise or decline affects the general inflation rates.
Under the country's speeding the exchange adjustment intervention policy towards stability help determining the exchange rate even has a supply and demand for foreign currency, explaining the need to install the official exchange rate closer to the equilibrium level which would establish minimum and maximum extent of exchange rate is allowed to fluctuate between those boundaries and therefore reflects on the stability of markets.
The Central Bank said in a statement that the "implementation of the new system for window selling foreign currency led to a marked decline in the exchange rate of the dollar against the Iraqi dinar", noting that "the new system shoveled intermediaries and hackers by changing requirements and procedures towards simplification and transparency in foreign currency sale window operations, the new system also provides window competition between banks on the basis of compliance with the rules against money laundering and terrorist financing.
The Bank added that "the success of the new system encourages further action that will cover the demand for the dollar down to target price by applying new standards and norms and programs achieve clarity and transparency of those processes.
The Bank noted that "controlling exchange rates under challenges and economic and financial conditions and monetary policy success recorded security in large shocks suffered by Iraq", adding that "the improvement in oil prices and the elimination of the terrorist organization" ISIS "would be with significant impact in supporting the country's financial situation and thus ease pressure on monetary policy and allow them to achieve greater monetary stability to this country." (this is the best part of the article- pay attention and re-read it)
The local market has seen a marked decline in the price of the dollar against the Iraqi dinar and five thousand dinars for $100 bills. The local market has seen a marked decline in the dollar against the Iraqi dinar and by five thousand dinars to the category of $ 100. (so this is article if proof that the new system replacing the currency auctions is working…..finally! )
Massoud Barzani: We support al-Sadr’s efforts to cut off the hands of al-Maliki
Wednesday February 15, 2017
Follow-up / Sky Press:
Announced the presidency of the Kurdistan region of Iraq, on Wednesday, expressed support for the movements of the cleric Muqtada al-Sadr, the last to change the electoral commission, noting that al-Sadr seeks to “amputation of the hand,” Vice President Nouri al-Maliki and his aides.
The head of the Office of the Presidency of the Kurdistan region, Fuad Hussein, he followed in the “Sky Press,” that “the existing differences between the Shiites much larger than the subject of changing the Electoral Commission, and the differences between them may reach the level of a war.”
Hussein added that “al-Maliki is now doing all it can in order to return to power, and the return of al-Maliki, Iraq is heading toward a dark era, and the differences between the Shiites and the Kurds will be exacerbated.”
He pointed out that Hussein “Moqtada al-Sadr, wanted to amputate the hand of al-Maliki and his aides from now by changing the Electoral Commission, and this is not just about him, but that the Kurdistan Democratic Party, the strongest political party in the Kurdistan Region, bless these attempts chest.”
Ayman total liberation of Mosul operations within 72 hours
Nineveh - Iraq Press - February 21
According to security sources in Nineveh province, on Tuesday, that Armored Division ninth and pieces of federal police and rapid reaction popular and the crowd continued to install point operations and equal to the three military axis, which was launched by 72 hours to edit the right side of Mosul. (so it this now all liberated? Today is March 3rd so I would imagine it is all done. We await the final announcement by Abadi to be official)
He continued, "The engineering effort Operations Brigade 26 in the southern hub southwest of Mosul, continued for the second day in a row to build defensive fortifications in the vicinity (village Alshaji) Add to clear roads and homes of booby-trapping caused by the elements of the criminal organization," adding that "the goals achieved so now since the start editing right side operations of the conductor managed to free the villages and hills (Alshaji and Tel Kisom and experts) and isolate east of Tal Afar regions for the right coast and cracking down on elements of the organization and control of the knot transportation between the right side and the roads leading to the hand Mahlbah and Tal Afar in addition to control of the gate right coast from the southwest and west of the city. (recent news on Feb 25th told us ISIS is dug in greater than anticipated but the outcome will still be the same. It might just take a few more days than planned. Today is 6 days beyond this last article so is Mosul now “fully” liberated? We wait to hear the new…..
WHAT IS HOLDING BACK ON “FULLY” EXECUTING THE SOLUTION?
Parliamentary Finance’s “approach” to postpone the project to delete the zeros until further notice
BAGHDAD / .. Finance Committee in the House of Representatives announced the postponement of the project to delete the zeros that was planned years ago to apply until further notice. (note that this is the finance committee and not the CBI speaking)
She said a committee member from the Kurdistan Democratic Party Najiba Najib Ibrahim’s “approach” to the project to delete the zeros based but delayed until further notice. (this could mean once Mosul is fully liberated along with other issues I list below)
And Izzat Ibrahim, the reasons for the postponement of the project to the security situation and the unwillingness of the relevant authorities to apply at the moment, (relevant authorities = the CBI) but denied knowing in advance of starting the project. (So the finance committee does not know the starting date? How can they say it is postponed until further notice? sounds to me that they had a target date and missed it. How else could they decide to postpone it if they did not miss a target? We wait for news of a new target.)
Other issues:
· Liberating Mosul and “fully” securing the regions involved.
· Securing the boarder with Syria
· Implementation of the National Reconciliation Law (to what extent?)
· Limiting Iranian influence in governmental matters
· Preventing the Iraqi political figures responsible for bringing Iraq to the mess in the first place must be neutralized.
· Full execution of the Iraqi constitution (this means article 140 and HCL)
(please reference the many articles I presented in my previous news letters. ([url=http://www.dinarrecaps.com/1/category/mnt goat/1.html]LINK[/url]) I can not list all the articles again and again to substantiate these statements. You must keep up with the news and the reading. There is a saying…..”you sleep, you weep”)
Their words not mine…..No Rumors, No Hype, Just the FACTS!
Auf Wiedersehen
Much love to ya all,
Mnt Goat
She said Abdul Wahid, that "there Amodha swirling around the subject of the assignment Fadel prophet of retirement," pointing out that "influential figures hide behind the Ministry of Finance Files".
She said "there is collusion to end the corruption within the Ministry of Finance through political deals," asserting that "the fight against corruption needs to complete a government program."
WHAT IS THE SOLUTION TO THE PROBLEM?
Chalabi calls on reviving the local market Keywords Iraqi currency after the liberation of the left coast of the connect
He appealed to the former deputy governor of the Central Bank of Osama Ibrahim Chalabi, the current governor of the central bank on the local market Keywords reviving the Iraqi currency after the liberation of the left coast of the city of Mosul. (does this mean an instant RV once Mosul is done? NO! It is a start but since many other factors are still at play such as getting rid of the Iranian influence and securing the boarders of Iraq with Syria. The National Reconciliation Law will drive the efforts to peace and less violence but it must be implemented and this will take time. There is no gauge on what level of implementation that will be necessary but rather just a level of overall STABILITY and SECURITY.)
The Chalabi said in a statement that this stage requires recovery of the economic and financial situation after the looting of the organization Daesh terrorist is among the citizens of cash and seized local and foreign cash balances of government and private banks, calling the Iraqi Central Bank to take exceptional and unconventional measures is to open headquarters alternative to the central bank on the left side editor the lending government and private banks with the necessary cash to meet the local need as well as directing specialist banks Kalmsrv real estate and the agricultural Bank to take its role in such circumstances to deal with money looted by the terrorist organization legally in order to maintain the return to normal, according to the statement.
Financial operations of the Central Bank of the economy News window sell the currency does not deal with people
Economy News / Baghdad ...
The Director General of the Department of financial operations at the central
bank Alaracay Mahmoud Dagher, to sell the currency window does not deal
with people, stressing that the central bank took control on inflation.
Said Dagher in an interview for "Economy News", the sale of foreign currency, of
course window is to conduct my time due to the adoption of Iraq on a single supplier
to enter the hard currency the dollar into Iraq from oil sales, and the central bank
is working on this basis for the Horn demands of customers of the dollar.
Dagher and between that sell the currency at the central bank window does not deal
with people, but with the institutions licensed by the Bank in accordance with the
mechanisms and control of severe, indicating that the window today operates
under a new system in turn helped to reduce the sale price of the dinar
against the dollar.
He added that the Bank has developed standards for banks that enter into currency
window and on this basis will meet the demands of the dollar and is a global
standards of operation in secure banking practices.
A marked decline in the dollar to dinar
04/3/2017
Baghdad/Mostafa Hashemi
Nowadays the market is experiencing a decline in the dollar to dinar after reaching record levels in the past two years because balancing act 2015 for the Central Bank to sell dollars less than one third of the demand led to the dollar until the last week of February last year began experiencing significant decline.
Academic finds Imad Rashid, economic necessity of a guarantee that the coin itself convergent value and economically acceptable in the free and informal markets.
Rashid pointed out in his speech to "morning" that the dinar in the market to previous rates coincided with Central Bank intervention to enforce monetary policy tools to reduce the dollar's value with supply management, explaining that these actions would achieve a balance in order to buy foreign currency.
The Central Bank had reduced the US dollar exchange rate for the dinar in local markets, came after the new system for window sale of foreign currency, asserting its intention to take further action to target price.
Rashid added that coordination between the Central Bank and private banks played a significant role in maintaining the stability of local versus foreign exchange,calling for greater convergence between the two prices (a market and informal) by re-intervention exchange rate control Government oversightthrough deliberate mechanisms by Central.
He pointed out that stability in the currency market volatility risk assess between sudden and rapid rise or decline affects the general inflation rates.
Under the country's speeding the exchange adjustment intervention policy towards stability help determining the exchange rate even has a supply and demand for foreign currency, explaining the need to install the official exchange rate closer to the equilibrium level which would establish minimum and maximum extent of exchange rate is allowed to fluctuate between those boundaries and therefore reflects on the stability of markets.
The Central Bank said in a statement that the "implementation of the new system for window selling foreign currency led to a marked decline in the exchange rate of the dollar against the Iraqi dinar", noting that "the new system shoveled intermediaries and hackers by changing requirements and procedures towards simplification and transparency in foreign currency sale window operations, the new system also provides window competition between banks on the basis of compliance with the rules against money laundering and terrorist financing.
The Bank added that "the success of the new system encourages further action that will cover the demand for the dollar down to target price by applying new standards and norms and programs achieve clarity and transparency of those processes.
The Bank noted that "controlling exchange rates under challenges and economic and financial conditions and monetary policy success recorded security in large shocks suffered by Iraq", adding that "the improvement in oil prices and the elimination of the terrorist organization" ISIS "would be with significant impact in supporting the country's financial situation and thus ease pressure on monetary policy and allow them to achieve greater monetary stability to this country." (this is the best part of the article- pay attention and re-read it)
The local market has seen a marked decline in the price of the dollar against the Iraqi dinar and five thousand dinars for $100 bills. The local market has seen a marked decline in the dollar against the Iraqi dinar and by five thousand dinars to the category of $ 100. (so this is article if proof that the new system replacing the currency auctions is working…..finally! )
Massoud Barzani: We support al-Sadr’s efforts to cut off the hands of al-Maliki
Wednesday February 15, 2017
Follow-up / Sky Press:
Announced the presidency of the Kurdistan region of Iraq, on Wednesday, expressed support for the movements of the cleric Muqtada al-Sadr, the last to change the electoral commission, noting that al-Sadr seeks to “amputation of the hand,” Vice President Nouri al-Maliki and his aides.
The head of the Office of the Presidency of the Kurdistan region, Fuad Hussein, he followed in the “Sky Press,” that “the existing differences between the Shiites much larger than the subject of changing the Electoral Commission, and the differences between them may reach the level of a war.”
Hussein added that “al-Maliki is now doing all it can in order to return to power, and the return of al-Maliki, Iraq is heading toward a dark era, and the differences between the Shiites and the Kurds will be exacerbated.”
He pointed out that Hussein “Moqtada al-Sadr, wanted to amputate the hand of al-Maliki and his aides from now by changing the Electoral Commission, and this is not just about him, but that the Kurdistan Democratic Party, the strongest political party in the Kurdistan Region, bless these attempts chest.”
Ayman total liberation of Mosul operations within 72 hours
Nineveh - Iraq Press - February 21
According to security sources in Nineveh province, on Tuesday, that Armored Division ninth and pieces of federal police and rapid reaction popular and the crowd continued to install point operations and equal to the three military axis, which was launched by 72 hours to edit the right side of Mosul. (so it this now all liberated? Today is March 3rd so I would imagine it is all done. We await the final announcement by Abadi to be official)
He continued, "The engineering effort Operations Brigade 26 in the southern hub southwest of Mosul, continued for the second day in a row to build defensive fortifications in the vicinity (village Alshaji) Add to clear roads and homes of booby-trapping caused by the elements of the criminal organization," adding that "the goals achieved so now since the start editing right side operations of the conductor managed to free the villages and hills (Alshaji and Tel Kisom and experts) and isolate east of Tal Afar regions for the right coast and cracking down on elements of the organization and control of the knot transportation between the right side and the roads leading to the hand Mahlbah and Tal Afar in addition to control of the gate right coast from the southwest and west of the city. (recent news on Feb 25th told us ISIS is dug in greater than anticipated but the outcome will still be the same. It might just take a few more days than planned. Today is 6 days beyond this last article so is Mosul now “fully” liberated? We wait to hear the new…..
WHAT IS HOLDING BACK ON “FULLY” EXECUTING THE SOLUTION?
Parliamentary Finance’s “approach” to postpone the project to delete the zeros until further notice
BAGHDAD / .. Finance Committee in the House of Representatives announced the postponement of the project to delete the zeros that was planned years ago to apply until further notice. (note that this is the finance committee and not the CBI speaking)
She said a committee member from the Kurdistan Democratic Party Najiba Najib Ibrahim’s “approach” to the project to delete the zeros based but delayed until further notice. (this could mean once Mosul is fully liberated along with other issues I list below)
And Izzat Ibrahim, the reasons for the postponement of the project to the security situation and the unwillingness of the relevant authorities to apply at the moment, (relevant authorities = the CBI) but denied knowing in advance of starting the project. (So the finance committee does not know the starting date? How can they say it is postponed until further notice? sounds to me that they had a target date and missed it. How else could they decide to postpone it if they did not miss a target? We wait for news of a new target.)
Other issues:
· Liberating Mosul and “fully” securing the regions involved.
· Securing the boarder with Syria
· Implementation of the National Reconciliation Law (to what extent?)
· Limiting Iranian influence in governmental matters
· Preventing the Iraqi political figures responsible for bringing Iraq to the mess in the first place must be neutralized.
· Full execution of the Iraqi constitution (this means article 140 and HCL)
(please reference the many articles I presented in my previous news letters. ([url=http://www.dinarrecaps.com/1/category/mnt goat/1.html]LINK[/url]) I can not list all the articles again and again to substantiate these statements. You must keep up with the news and the reading. There is a saying…..”you sleep, you weep”)
Their words not mine…..No Rumors, No Hype, Just the FACTS!
Auf Wiedersehen
Much love to ya all,
Mnt Goat
Mountain Goatee- VIP Member
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Join date : 2016-01-12
Re: Mountain Goat 3/4/17
by kenmor Sat Mar 04, 2017 2:34 pm
This "wo"man is clearly delusional! Didn't she claim in the past to have high intel people in Iraq that gave her inside news!!@@ Now she admitts that her information comes from Iraqi tv and newspapers.....lol... Doesn't this copy and paste queen understand that you can not trust mainstream news......especially out of Iraq!!! ! Move on MG.....time to go! And 1 thing you wrote is correct. You are NOT a guru and you will NEVER be one. Nothing you claimed in the past was correct ! Just a person with a peacock syndrome! Ok I got it out...sorry but this wo man irritates me tremendously! Definately deserves the Dinar Daily title of worst intel in Dinarland! BRAVO!
kenmor- VIP Member
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Join date : 2016-02-09
Re: Mountain Goat 3/4/17
by Chaz Sat Mar 04, 2017 9:56 pm
Well we can give Recaps all the credit, which is what Recaps wants anyhow. LOL,,,,! ,,! Yes your a joke Recaps , you say your encouraging people with these guru's nonsense, how long have you been doing that, with out any results from your gurus so called Intel ? yes they are your gurus, because you keep posting them, RIGHT? For no other reason but to make money, RIGHT? I can go on CNN & get all the fake news I want, but you are entertaining to say the least, LOL,,,,!,,!
HAVE A GREAT DAY
HAVE A GREAT DAY
Chaz- VIP Member
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Join date : 2015-12-27
Re: Mountain Goat 3/4/17
by Terbo56 Sun Mar 05, 2017 10:37 am
I'd much rather watch a 'Nascar' pile up, I mean, where else can you see a 26 car pile up and NOT be involved in the S.O.B.? No, that, to me, IS entertaining-A $350,000 car destroyed in a millisecond? I think it is highly overrated, but interesting, just the same- :yes: 
Terbo56- VIP Member
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Join date : 2011-06-18
Age : 67
Location : Central Florida-
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