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 Kaparoni - "90 Day Hold" - Dinar Alert News Discussion 4/7/18

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PostSubject: Kaparoni - "90 Day Hold" - Dinar Alert News Discussion 4/7/18   Sun Apr 08, 2018 10:18 am

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Kaperoni: Central Bank announces its control over the flow of funds inside Iraq


2018-04-06 by sotaliraq Iraqi Central Bank said on Thursday that progress to the work of the Iraqi payments system during the last period led to the control of a "big" on the flow of money into Iraq and provide a comprehensive and accurate data on all transfers made within the financial and banking sector-wide base, and through a range of measures and precautions that It has been implemented and that it now works, including modernization of the payments system in all its components according to international standards.

The bank said in a statement today, that this update came in order to accommodate the increasing volume of transactions through the system to comply easily with the different banking systems, and the most important operating in the Central Bank regulations, the overall settlement of the immediate RTGS system, which was implemented in 2006, the system clearing e-C-ACH, which was implemented in 2011, which provides a comprehensive database of all the settlement of electronic instruments and payment orders creditor mutual inter-bank transfers base, and the central bank issued a set of instructions and precautions for banks to reduce the risk of the exchange of instruments through the system.

The central bank went to the establishment of the National Council of the Iraqi payments, which includes members from inside and outside the central bank, which contributes to the development of strategies for the development of payment and settlement systems and follow-up implementation, and improve international best practices.

The statement said that this bank to the application of a number of measures taken, including the application of standardized international banking figure IBAN, which aims to unify the bank account numbers for all operating banks in Iraq, which allows banks to validate the converter account number has made up the special number IBAN Iraq from 23 ranking, and has been listed Iraq as part of the list of countries that handle international number that do not accept local transfers or external only within the international number standards, and at the level of precautions that have been taken to the provisions of the process of transmission of funds, especially with regard to electronic instruments that circulating through the system Clearing-mail amounts high has been consolidated security specifications for electronic instruments drawn on banks for the purpose of preventing fraud,as well as add new functionality to the system for the purpose of enabling banks and branches of control over the process of sending and receiving instruments and prevent the passing of forged instruments or stolen by adding functionality validation Al instrument by branch drawee for government banks to be settled on time, one stop instruments that enable the bank to stop any instrument and its location in case of theft or fraud.

The statement noted that the central bank carried out the internal clearing system between the branches of one bank that can government banks that do not have a comprehensive banking system from all its branches automatization transfers and provide a comprehensive database for a matching process efficiently between public departments and branches.

The statement went on he was one of the important projects that the central bank work on the implementation of infrastructure payment system project retail, which consists of the national divider which supports clearing inter-bank transfers carried out by customers and transactions through the use of machines ATM and POS through credit cards linked bank account, and the system of mutual payment via mobile phone where the funds will be transferred via e-wallets without the need for a bank account, and can also make private transfers to pay the bills and shopping.

The statement concluded by saying that the project recently came localization of salaries of state employees based on the General Secretariat of the Council of Ministers resolutions No. 313 and 281 to transfer the payment of salaries to employees system, including allocations and benefits to an electronic payment system.

Through the opening of bank accounts for the employees of the banks (government and private and branches of foreign banks) and the issuance of linked account City cards to be pulled out salary through ATMs or through the purchase of the selling points at the lowest possible costs, as well as Alasfadh of other banking services (such as loans, services purchase via the Internet, savings accounts ... etc). This project contributed to the provision of liquidity within the banking sector and optimization of financial and banking services inside and outside Iraq. LINK

Kaperoni: Central Bank: Progress payments system leaders to control the flow of money

2018/04/05 | 19:25 (Encyclopedia of this day , news | Iraq News ) - Rusafi News / Baghdad central bank announced on Thursday, provided by the work of the Iraqi payments system during the last period led to dramatically control the flow of money into Iraq and provide comprehensive data on all transfers made within the scope of the base financial and banking sector by modernizing the payments of all its components according to the international standards system.

The central bank said in a statement ...

Note: Content that address (Central Bank: Progress payments system leaders to control the flow of money) was first published on the website (Rusafi News) does not bear the Encyclopedia of this day , the news content in any way.

And you can see the details of this title (Central Bank: Progress payments system leaders to control the money) flow through the original source of any site (Rusafi News). LINK

Kaperoni: Seems very clear to me that if they can stay in compliance through the 90 days they will accept Article VIII.

Spoofer: Gotta love this news!

Kw: I agree Kap. When he said that it wasn’t time to DTZ form the currency yet, I think this is the area he was referring to of controlling the cash to criminals. He can track the currency and give the thumbs up to the IMF and World banks...as well as the world.

his quote: The governor of the Central Bank, Ali al-Alaq, in a discussion session with the editors of a number of Iraqi media, including "Economy News", "The subject of deleting zeros from the currency is ready, but it needs an environment suitable to apply," noting that " To prevent manipulation and fraud by the owners of weak souls. "

Terry: KW, looks to me like you are right on the money.

Justwaiting: Very encouraging news. TY All ~ holding my breath , will see how this plays out w/election ~ keeping a grin on ;-}

Mcduff82: Kw I think this is saying we have control of the funds inside and outside there will always be fraud but again they are saying we can deal with it with the mechanism that are in place

Kaperoni: No doubt Mcduff

Truthplease: Do you still think a June-August time period sounds right? From this article, it sure seems so. What a summer gift! Thanks for all the research you guys do

Kw: Mcduff82, I think that is what I said 8)

Kaperoni: truth, many things must go right but I am hopeful Article VIII will occur this summer and investment will flow into Iraq to begin the process we need which will allow the CBI to float the dinar and delete the zeros.

Kw: I love this statement: especially with regard to electronic instruments that circulating through the system Clearing-mail amounts high has been consolidated security specifications for electronic instruments drawn on banks for the purpose of preventing fraud, as well as add new functionality to the system for the purpose of enabling banks and branches of control over the process of sending and receiving instruments and prevent the passing of forged instruments or stolen by adding functionality validation Al instrument by branch drawee for government banks to be settled on time, one stop instruments that enable the bank to stop any instrument and its location in case of theft or fraud.

http://dinaralert.webs.com/apps/forums/topics/show/13475847-central-bank-announces-its-control-over-the-flow-of-funds-inside-iraq

Iraq Dinar, Iraqi Banks, Iraqi Stock Exchange (ISX) News > A slight decline in the exchange rate of the dollar against the Iraqi dinar

Tgirl: By Editor 7 hours ago The US dollar fell slightly against the dinar on Thursday.

Where the price of selling the dollar in the stock market in Baghdad today 120 thousand and 250 dinars and the purchase price 120 thousand and 200 dinars compared to $ 100, while yesterday recorded 120 thousand and 350 dinars and the purchase price 120 thousand and 300 dinars to 100 dollars.

While the sale price of the dollar on the Arbil Stock Exchange 120 thousand and 350 dinars and the purchase price 120 thousand and 300 dinars, while the sale price yesterday 120 thousand and 400 dinars and the purchase price 120 thousand and 350 dinars to 100 dollars.

On the Basra Stock Exchange, the sale price today was 120 thousand and 450 dinars, the purchase price 120 thousand and 400 dinars compared to 100 dollars, while yesterday recorded 120 FAO 500 dinars, and the purchase price 120 thousand and 450 dinars to 100 dollars. LINK

Kaperoni: 1202 to $1 nice

Art: tx kap very good indeed

Invinrv: Thanks Kap

http://dinaralert.webs.com/apps/forums/topics/show/13475927-a-slight-decline-in-the-exchange-rate-of-the-dollar-against-the-iraqi-dinar

Kaperoni: Hamoudi reveals holding new parliamentary session

April 07 2018 16:19

Vice Chairman of the House of Representatives Hamoudi

The deputy speaker of parliament Hamoudi, Saturday, it will be announced on holding a parliamentary session and put on the agenda to vote on laws on 17 of the current month.

Hammoudi said in a press statement, that the Council could hold a new session we put on the agenda to vote on laws as well as the voting on the opinion of the House of Representatives on former interrogations of ministers. "

He added, "We will hold a press conference, which on April 17 to clarify all matters relating to the session and its agenda."

LINK

Shivohm: Wow! That's a first! Smile Wonder who motivated them to do that?

Phil Oberholzer: Shivohm, I wouldn't get my hopes up too high on this "Special Session". He's only saying they "could hold" a new session....I highly doubt it that this is going to happen. They were having a hard time getting a quorum to finish out the last few meeetings they did have. But hey on the other hand they could surprise us all.

http://dinaralert.webs.com/apps/forums/topics/show/13475936-hamoudi-reveals-holding-new-parliamentary-session

Kaperoni: Abadi: we look forward to the reconstruction and development and the development of the economy

04/07/2018 12:00

He concluded his visit to Tokyo and held a number of agreements

BAGHDAD / morning It made the visit of Prime Minister, Haider al-Abadi to Japan, which would conclude on Friday, an economic success last, and an important step towards the activation of several investment partnerships with friendly country, especially after the decision of the Japanese president, Shinzo Abe, reducing the security risk level in Iraq, a move that It will allow the entry of Japanese companies to invest heavily in Iraq.

And it resulted in the meetings held by the Abadi in Tokyo, for reaching a number of important agreements, particularly relating to the completion of the large water Basra project (Hartha), and the reclamation of land between the Tigris and Euphrates rivers in the irrigation sector, as well as the development of the electric power sector.

Headed Abadi round of official talks between the two countries , accompanied by his Japanese counterpart Shinzo Abe, the two sides also spoke during the conference , which was held in Tokyo on job creation in the presence of dozens of political and economic figures from Japan , the United Nations and the European Union and representatives from 30 countries and international organizations, about the possibility of increasing the presence of Japanese companies in Iraq in the future.

The Abadi during the conference that Iraq looks after the victory over terrorism to reconstruction, development and economic development and that the energies what he can to make it, and that Iraqna today is looking forward to the future with confidence, at a time when Japanese Prime Minister announced his country 's full support for Iraq in its aspirations towards the future, He spoke a rare language: «just as you shoot in Iraq on Japan planet Japan; Iraq will also be a planet of Iraq».

In response to the presentation of Abadi , a security process stability, the Japanese prime minister decided to «reduce the security risk level to enter the Japanese in a number of Iraqi provinces, leading to the entry of more Japanese companies to work».

http://www.alsabaah.iq/ArticleShow.aspx?ID=155197

Chattels: Speaker of Parliament: Iraq on the threshold of a new phase of construction and economic development.

Baghdad / Iraqi National News Agency / nina / Speaker of the House of Representatives Salim al-Jubouri, Iraq is on the threshold of a new phase of construction and economic development.

Jubouri said during a meeting with a delegation of representatives of Iraqi students Scholarships in the Arab Republic of Egypt, he discussed with the three Egyptian presidencies, several files were the most prominent file students and ways of coordination and cooperation between the two sides in order to provide all facilities for them.

"Jubouri added that" Iraq is on stage Of new construction and economic development, and it needs its scientific, cultural and creative energies to complete this stage, "noting that" students and holders of higher degrees and specialization are the core of this matter. "

04/04/2018

https://www.ninanews.com/News_Details.aspx?FoBDZvNo5%252ftUcjkxyLDqmA%253d%253d

It’s the truth I’m after, and the truth never harmed anyone. What harms us is to persist in self-deceit and ignorance." - Marcus Aurelius, Meditations,(VI: 21)

Chattels: Hakim asserts that achieving the goals and improving the reality requires a functioning government in the new stage

05/04/2018

BAGHDAD (Reuters) - Iraq is a country of promising economic opportunities, which should be invested in order to improve the service reality and improve the standard of living of Iraqis, said the head of the National Alliance, Ammar al-Hakim.

During his meeting with the Norwegian Foreign Ministry delegation, Hakim praised the support provided by the Kingdom of Norway to Iraq within the international coalition to defeat the terrorist gangs.

He called on "to complete its support for Iraq in the process of reconstruction and reconstruction and achieve economic development, so as to solidify Iraq's approach to openness to its regional and international environment."

He pointed out that "Iraq is the country of economic opportunities promising, which should be invested to improve the service reality and improve the standard of living of Iraqis and address the problem of unemployment."

He pointed out that "the achievement of these goals requires the existence of an effective government and able to seize the historic opportunity to move Iraq to a new stage and the next election is the main entrance to that, affirming the strength and entrenchment of the democratic system in Iraq."

https://www.ninanews.com/News_Details.aspx?ARv%252fM0vUHWi0YNw5Buvqmw%253d%253d

Chattels: Iraq seems always on the threshold. Maybe someday they will enter the house. The prospects of promise without performance seem perpetually with us and our event.

If Abadi gets a second term, will government / legislation be status quo, gridlock and dysfunction ?

We will likely be here in August asking the same question.

Even if there is progress it is looking more and more like 2019 at the earliest for us.

Kaperoni: I don't agree. Plans for Article VIII are coming once they meet 90 days. After that I do not know how long it will take to raise the value.

Tobyboy: Chattels It seems we say the same thing every year and we also keep kicking the can down the road into the next year. Even though we see some great articles come out each year that we feel is going to happen soon our disappointment goes to the next year. Thats why I lost my excitement with this investment.

This is all just dreams unfortunitely for us, maybe one of these years we may see it happen. So I think you correct another year for hope 2019 or 2020 or 2021 anyone's prediction,keep kicking the can

Kaperoni: Those who do not wait for the process get frustrated because they are expecting results. But progress is happening and the banking system has taken major steps in recent months. This won't be over in 4 or 6 months, but we will see them open up to the world. Options are few and rebuilding and investment are now top priority. Let it come to us. Smile

Tobyboy: Kap I hope you are correct realize won't happen over night but need to see some real action start then we all start feeling better about this investment. Sorry just having a bad day today. tomorrow will be better, have to think positive. Do appreciate all you do for us here.

Mike: Agreed chattels, the truth is Abadi never had a fully seated cabinet, we were missing a MoF, MoI and many other positions, just like we had with Maliki. Political dysfunction.

You're right Kap, it's frustrating watching these folks. Pass the economic laws that allow for outside investors to own businesses without partnering with native Iraqi's. Stop passing laws that protect the ruling elite from corruption. Move to Article VIII. Have a fully seated and functioning government.​

​The vague assurances of banking improvements don't move the needle for me anymore, my hopes are they can hold this spread for 90 days and Iraq begins the float. But without exports, the dinar will remain stagnant, there will be no demand for it. My fears are that once the election in May is over the spread will return, I hope I'm wrong. --Stay grounded...

Kaperoni: Mike, if the dinar is undervalued as some economist have stated, and investors are waiting to come in as reported with these contracts then we should see some results soon. It's alot of "if's" but they have to begin somewhere and with the encouragement of the IMF, WB this should begin in a few months.

Aloha Alex: Kap, it now appears the 90 day hold which you have been a proponent of has become the best forcast. You may have nailed it as far as timimg. If it starts to float from toilet paper status on the 91st day, instead of rv-ing at around a buck, then you will be Knighted Kimg Kap!

Am: SO when is the 90 days up, i think it has been about 3 weeks so far right ????

http://dinaralert.webs.com/apps/forums/topics/show/13475882-abadi-we-look-forward-to-the-reconstruction-and-development-and-the-development-of-the-economy
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PostSubject: Re: Kaparoni - "90 Day Hold" - Dinar Alert News Discussion 4/7/18   Sun Apr 08, 2018 11:01 pm

and when 90 days are up and nothjing happens will you get a clue? Nah I didn't think so.

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