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  "No Float" - Dinar Alert News Discussion 1/21/18

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Ssmith
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PostSubject: "No Float" - Dinar Alert News Discussion 1/21/18   Sun Jan 21, 2018 9:41 pm

Dinar Alert

Tgirl:
Saturday 20 January Alsumaria News / Najaf


The governor of the Central Bank of Iraq Ali Alalak, Saturday, close to the opening of a new branch of the Central Bank in the province of Najaf, while the new branch will provide services to the Middle Euphrates .

"We will open a new branch of the central bank soon in Najaf to provide services to the Middle Euphrates," Alaq said at a press conference held at the Rafidain Center for Dialogue in Najaf province.

​"The relationship with the International Monetary Fund is a partnership relationship, and they have no conditions other than the development of the banking sector," adding that "the adequacy of foreign exchange reserves within international standards is 160%, which is a good indicator."

The governor of the Central Bank of Iraq Ali Alalak revealed, on Tuesday (December 26, 2017), that the bank reserves of foreign currency of 48 billion dollars, pointing out that Iraq will not resort to floating the currency. LINK

Kaperoni: Governor of the Central Bank announced the commencement of procedures for the opening of a branch of the bank in Najaf

January 20, 2018 The Governor of the Central Bank on the Keywords necessary for the start of the opening of a branch of the Iraqi central measures in Najaf.

Keywords and said in a statement during his visit to the shrine of Imam Ali (AS) in Najaf, "it was starting to take the necessary measures to open up the central bank branch in Najaf, was found on some of the sites that have already been studied, and will take the necessary action branch steps."

Keywords cast a lecture at the Two Rivers Center for dialogue under the title of (monetary policy of price stability to financial stability and economic stimulus).

LINK

Mickey: Any thouhts on what is meant by the Governor saying " Iraq will not resort to floating the currency"

Punisher: Allak sure seems to keep screaming no float....yet again. Its like a every few weeks now.

Holly: NO Float .........

Sweetpea: Simply sounds like they are not willing to "take a chance" on a float.

Kaperoni: Until they get in compliance with the IMF and reduce the spread to 2% or less, I would assume any such discussion is a "stable dinar". Eventually they will have to float to compensate for the presure created by the influx of investment capital. Here are a few articles from the Research Library...

http://www.imf.org/external/pubs/ft/op/256/op256.pdf

http://www.imf.org/external/pubs/ft/wp/2004/wp04126.pdf

http://www.imf.org/external/pubs/ft/issues/issues38/ei38.pdf

http://www.imf.org/external/pubs/ft/op/193/chap3.pdf

Shengwah: They wouldn't have mentioned a float unless they knew they were eventually going to float. But like Kap said, the conditions are not right yet. Who knows when they will be? In the coming days...

--"Figures never lie, but sometimes liars figure." Anonymous

Imagemaker: What's the Iraqi translation for managed float.

Tobyboy: Well maybe we see something in 2019 its always pushed to another year. How can you believe anything this Temp CBI Governor says, I don't believe anything he says, maybe ( Just Dreaming ) see something by end of year. Lots of Luck on that.

Punisher: Imagemaker,

"The relationship with the International Monetary Fund is a partnership relationship, and they have no conditions other than the development of the banking sector,

LovesBudgies: I like your quote, P:

"The relationship with the International Monetary Fund is a partnership relationship, and they have no conditions other than the development of the banking sector,"
--
since we have been seeing article after article about developments in the banking sector.

http://dinaralert.webs.com/apps/forums/topics/show/13466416-alaq-announces-the-opening-of-a-new-branch-of-the-central-bank-in-najaf

Kaperoni: Strengthen international confidence in Iraq's economic capabilities

1/21/2018 0:00 We seek construction and reconstruction

BAGHDAD / Hussein Tgb Economic advancement can be achieved through the strengthening of local capacities in all its aspects and gain international confidence, which is the cornerstone of action to bring sustainable and effective economic development at the regional and international level.

The competent international affairs and economic Aqeel Al - Nouri stressed " the importance that contain banking sector bags, new and advanced products during the current year and to be announcing in front of everyone, where Iraq is looking to the stage of actual construction, require banking services in harmony and this important stage of the history of Iraq , which seeks to build and reconstruction after a painful journey of challenges.

"Positive opening pointed out that" the banking sector to prove the actual existence of the stage and will be able to achieve its objectives in the presence of the elements of it, where the availability of human resources and openness positive on the countries of the world and international confidence after the full exit from the provisions of Chapter VII of the restricted financial activities only within certain limits".

He said Al - Nouri said , " the financial sector over the past year has made a lot of achievements led by the Central Bank of Iraq , the most important in the field of money laundering and terrorism financing, compliance and sophisticated systems and the reality of products offered to customers on the differences that, companies or citizens who are looking for new products based regionally at least".

He noted that "our banks claim that start from where the world ended after a period of interruption from the outside world for decades, which requires us to unite in order to effectively and developed banking sector is able to cooperate with the large numbers which is expected to be invested in the Iraqi market."

Calendar control and stressed " the importance of the interaction between the central and the banking system during the coming period, especially as the central is the father of the banks and the regulator of the mechanics work, pointing to the importance of the calendar control in the banking life and protect them from dangers, but their role is positive in making the banking wheel going in the right direction that would benefit the national economy. "

Human Resources called for Nouri to "work to give human resources greater attention during the current year, especially when it represents the most important axes of success in the overall banking and economic process in particular, which we make us interested in affairs of the banking focus on this important axis and make it one of the first plans for the current year ".

Finance and investment was between that "among the services offered to finance and investment adopted by a number of Islamic banks on a non - basis interest, shall be implemented in accordance with the provisions of Islamic law by opening investment accounts with the money the bank for those wishing to invest in all Matjisah Islamic Sharia (Murabaha, Mudaraba, AQAH etc.),

and the establishment of companies and IPO companies and participate with others from individuals, companies and institutions in business and projects consistent with the objectives of the bank, as well as providing all banking funds and all industrial, commercial and agricultural sectors, and portfolio management investment.

" Capital The executive director of the Association of Iraqi Chierweijn Silwan Abdul Manaf stressed " the importance of working to create an attractive environment for international effort advanced, generally mark global funds and advanced technology are welcome to work in Iraq ,

" pointing out that " the country has solid companies are able to enter into partnerships with companies global with advanced classification on international regulations and the implementation of business with high accuracy.

" He cautioned that "the reality of local economic relations requires a reality show implementation of high transparency in front of the international effort developed to be able to build confidence and strengthen relations , especially since the regional companies that have the technology and capital began to do its relations with Iraq, especially as the international companies considering the work of all aspects of the environment without Exception".

http://www.alsabaah.iq/ArticleShow.aspx?ID=151388

Kaperoni: IMO, there is no external confidence in Iraq's banking system until the CBI is in Article VIII and dinar transactions are accepted worldwide through the global banking system. They can talk about all they want, but I don't think investors will come if they cannot get there profits out of Iraq. Iraq needs to understand this and begin currency reform.

Punisher: Kap, above you wrote but I don't think investors will come if they cannot get there profits out of Iraq Are you expecting the kuwait conference with all these so called big companies etc showing up to be a bust?

wn: Just another manic Monday. Another conference. More talk about in the comming days. The world is poised and ready, but until Disneyland unlocks its financial gates, everyone is just on the outside looking in. Maybe come back next Sunday to see if they are ready yet.

Hungry people care little about empty slogans and emptier promises, and productive people who've lost their pride through no fault of their own are reduced to fury..........

ChuckRoast: Several issues are in play here and have been for some time. First of all the politicians are as corrupt as anyone and don't want currency reform b/c it will interfere with their pillage of money and power. Secondly, their dna will not allow them to negotiate without bias.

In other words, they want everything without giving up anything. When the day comes that the powers to be realize that the world with have nothing to do with them, then and only then will Iraq want to negotiate inteligently but it will be too late I feel.

Better to remain silent and be thought a fool than to speak and to remove all doubt. ABRAHAM LINCOLN.

Punisher: A month or so ago....remember those bonds that everyone ate up and went above and beyond what anyone was thinking was gonna happen with them...just sayin.

Mike: Agreed Kap, You're right Punisher, I think a bunch of us were surprised by the $2 billion in sovereign bonds that were purchased, but this is a whole different animal. Iraq needs north of $100 billion and there's no way they can raise nor finance that kind of scratch.

Iraq keeps using the word "investment" and if it truly is an investment, it's going to be tough to attract because you can put your money into Iraq, you just can't get it back out. That's a tough sell. Does anyone have a list of companies that are coming to this conference, I've always understood it as a meeting of nations, not investors.

Kaperoni: Punisher, there is a difference between a private sector and a conference to solicite donations to rebuild infrastructor.

Punisher: Mike I have seen article on this very site that says companies and countries coming to this conference. Make of that what you will.

Bglong: So would the cryptocurrencies be a way around this and what affect would this have if they are?

http://dinaralert.webs.com/apps/forums/topics/show/13466459-strengthen-international-confidence-in-iraq-s-economic-capabilities

Kaperoni: Pictures .. moment to raise the Iraqi flag in Rawa liberated

History of edits:: 2017/11/17 19:48

http://www.alliraqnews.com/uploads/news/image/medium/story_img_5a0f12ec522bf.jpg

http://www.alliraqnews.com/modules/news/article.php?storyid=68395

This should be it for ISIS .

Kaperoni: Officially .. the end of the "Daesh" militarily in Iraq

17/11/2017 1:17:52 pm Announced the Iraqi Interior Minister Qasim al-Araji, on Friday, the end of the terrorist organization Daesh militarily in Iraq, after the liberation of the city of Rawah, western Anbar province from the grip of the entire organization.

Quoted "Alsumaria News" channel al-Araji, his blessing to the Iraqi people liberation of the city, stressing that it is liberating the terrorist organization Daesh has ended militarily in Iraq.

The commander of purging the Upper Euphrates and the island's operations, Lieutenant-General Abdul Amir Rashid Allah Yar, announced earlier in the day, spend editing Rawa completely from the grip of the terrorist organization, raising the Iraqi flag over government buildings.

https://www.e3lam.org/2017/11/17/260861

​Kaperoni: This is big news. The Iraqi gov can now move forward with the economy.

Invinrv: Thanks Kap. Lets hope so! A good reason for Iraqi's to celebrate. It's been a long time coming Smile

Bglong: Thanks Kap

Punisher: Iraq is 99.9% free of ISIS.....it should be 100% before December hits hopefully.

Punisher: https://www.chathamhouse.org/expert/comment/isis-still-business

Interesting article....I put it in this thread because this was the end of ISIS....but ISIS continues to get their hands on cold hard cash according to the article. This is why they need to end the auctions and take their currecny international. It kills two birds with one stone....

1) it cuts of fthe corrupt from stealing from the auctions and the people, and it
2) stops ISIS from getting their hands on money.

This was an eye opening read.

http://dinaralert.webs.com/apps/forums/topics/show/13458847-pictures-moment-to-raise-the-iraqi-flag-in-rawa-liberated
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PostSubject: Re: "No Float" - Dinar Alert News Discussion 1/21/18   Sun Jan 21, 2018 9:49 pm

Still wearing those RV colored glasses I see Kap ....

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PostSubject: Re: "No Float" - Dinar Alert News Discussion 1/21/18   Mon Jan 22, 2018 1:59 am

Kaperoni should actually read those pdf's he posted and understand their meaning.





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PostSubject: Re: "No Float" - Dinar Alert News Discussion 1/21/18   Mon Jan 22, 2018 2:00 am

NO NO, Kevin!  Kap says they will float .... not RV!  LOL!!!!   Both are pure fantasy.

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PostSubject: Re: "No Float" - Dinar Alert News Discussion 1/21/18   Mon Jan 22, 2018 11:54 pm

Yea, I thought about that when I typed it, and said ahh heck, what's the diff ...

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