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my brother bought me Iraqi Currency (Dinar) for my Birthday and Christmas

[size=15]clarkfan1979[/size]

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my brother bought me Iraqi Currency (Dinar) for my Birthday and Christmas
« [b]on:[/b] December 27, 2017, 08:09:47 AM »
My brother reconnected with a female friend from grade school about 9 months ago and they are going to get married in May 2018. She is a nice girl with a good heart. However, she is really excited about the Iraqi Dinar RV (re-evaluation) that is going to happen within the next 3-6 months (according to her). 

She pretty much brain washed my brother into buying into this idea. My brother has a 4 year degree in Business Entrepreneurship. He is all about the high risk and high reward type of thing. He tried and failed a few MLM businesses over the last 5-10 years. She graduated high school. They are both 36. 

However, this type of business scheme is a little bit of a stretch for my brother, but not entirely uncommon. 

My brother bought me Iraqi Dinar for my birthday last June and for Christmas. He also bought it for my wife and 1 year old son. We have about 400,000 of Iraqi Dinar, which I think is about 325 US dollars. He is giving me a hard sell to buy some for myself or I could miss out on some big profits of 100 to 1, when it re-evaluates. 
 
The best article I could find out about it is below. 

https://www.forbes.com/sites/jayadkisson/2012/07/30/you-cant-fix-stupid-the-iraqi-dinar-scam-lives/#3f398ae3150b

1) Any chance that I could politely tell my brother to stop buying me this crap?

2) Any chance that I could politely tell my brother to stop buying it for himself? 

3) How do the sellers make money? Do they just give the buyer a poor exchange rate?

4) What is the best way to convert my Iraqi Dinar back into US currency? 

Thank you.
« [i]Last Edit: December 27, 2017, 01:35:31 PM by clarkfan1979[/i] »

Rocketman

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Re: my brother bought me Iraqi Dinar for my Birthday and Christmas
« [b]Reply #1 on:[/b] December 27, 2017, 12:32:17 PM »
Good luck getting him to change his mind...

As for converting them to US dollars, ask your bank/credit union. There is usually one bank in the area that specializes in currency. In my area (Salt Lake City) it is Zion’s Bank. Call first. 

Good Luck

Miss Piggy

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Re: my brother bought me Iraqi Dinar for my Birthday and Christmas
« [b]Reply #2 on:[/b] December 27, 2017, 01:11:14 PM »
Did anybody else click this thread thinking the Iraqi Dinar might be some kind of cool foreign kitchen gadget or something else to get excited about?

That not being the case, here's my thinking, for what it's worth (which should be very little, since, as admitted above, I have zero familiarity with the topic): If there's even a small chance of the "100 to 1" valuation, why not hold onto the stuff for now, just for fun? 

As for your questions:

1) Good luck with that. Forbes is well-known and as far as I know has a good reputation; could you send him that article?

2) See (1) above.

3 & 4) No effing clue. 

marty998

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Re: my brother bought me Iraqi Dinar for my Birthday and Christmas
« [b]Reply #3 on:[/b] December 27, 2017, 01:22:33 PM »
So when the Iraqis lop off a couple of zeroes off the currency, you'll basically be left with monopoly money.

The old banknotes obviously cease to be legal tender, with new ones issued in replacement.

People are still falling for Zimbabwe money scams. Looks like the scammers are expanding their repertoire...

clarkfan1979

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Re: my brother bought me Iraqi Dinar for my Birthday and Christmas
« [b]Reply #4 on:[/b] December 27, 2017, 01:37:20 PM »
Quote from: Miss Piggy on December 27, 2017, 01:11:14 PM

Did anybody else click this thread thinking the Iraqi Dinar might be some kind of cool foreign kitchen gadget or something else to get excited about?

That not being the case, here's my thinking, for what it's worth (which should be very little, since, as admitted above, I have zero familiarity with the topic): If there's even a small chance of the "100 to 1" valuation, why not hold onto the stuff for now, just for fun? 

As for your questions:

1) Good luck with that. Forbes is well-known and as far as I know has a good reputation; could you send him that article?

2) See (1) above.

3 & 4) No effing clue. 

I modified the topic. Thank you for the suggestion.

Sibley

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Re: my brother bought me Iraqi Currency (Dinar) for my Birthday and Christmas
« [b]Reply #5 on:[/b] December 27, 2017, 01:59:24 PM »
On a side note, don't lend them money, and don't let them know how much you have. Just in case.

Bicycle_B

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Re: my brother bought me Iraqi Currency (Dinar) for my Birthday and Christmas
« [b]Reply #6 on:[/b] December 27, 2017, 02:07:08 PM »
Oh, the glorious Christmas gift of ENTERTAINMENT!   ClarkFan1979, so sorry you had to be the conduit for this pile of chuckles.  At least he is giving to you, not (so far) trying to get you to buy his wares, as so often happens in MLMs.  In my own mind, I will classify him as Kindhearted Bro until further notice.

Re your questions:
1. Of course you can tell him, but why rain on his parade?  He is not going to learn from you, only from experience, if at all.  He will, however, feel the love or disdain in your response.  Tell him you admire his bold spirit, and ask him if he's going to take you to Acapulco or Dubai when his dinars revalue.

2. See 1.  

3. I was wondering that myself.  I can only assume they sell above the exchange rate, or sell counterfeits, or sell the old notes that have been replaced by new ones when the Iraqi government lopped three zeroes off a few years ago (I read that Forbes article).  Best guess: selling the valueless old notes at the price of the new notes.  Great margins, plus they can appear to be giving zero markup.

4. Exchange it for Bitcoin!  Bwahaha, my whole response was just to make this one brief joke.  

Quiet times here, hope this offered a shred of amusement.  In all seriousness, I once had a friend whose financial schemes ranged from wild failure to just being broke on a regular basis.  The choice was to enjoy to his merry ways at the price of observing his failures, or block him off and wonder what was happening.  I chose to enjoy his merry ways.  Even more so, a relative is someone you don't want to block off unless staying connected is actively harmful.  Good luck getting rid of the bills or coins.  And having lost a relative or two in recent year, treasure your brother for who he is, even if it's not (fortunately!!) who you are.   Cheers.

nexus

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Re: my brother bought me Iraqi Dinar for my Birthday and Christmas
« [b]Reply #7 on:[/b] December 27, 2017, 02:47:28 PM »
Quote from: Miss Piggy on December 27, 2017, 01:11:14 PM

Did anybody else click this thread thinking the Iraqi Dinar might be some kind of cool foreign kitchen gadget or something else to get excited about?

Yes, huge disappointment. :p

+1 to exchange for Bitcoin.
+1 for being supportive to Kindhearted Bro, who sincerely thinks this will lead to mega riches and wants to share that prospect with you.

Answers to 1 & 2)
Explain that although you support him, you're a much more conservative investor and would prefer index funds instead... or traditional gifts such as clothes, gift cards, gadgets (even if you don't like them/need them it would still be preferable to his MLM stuff).

Car Jack

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Re: my brother bought me Iraqi Currency (Dinar) for my Birthday and Christmas
« [b]Reply #8 on:[/b] December 27, 2017, 04:16:39 PM »
How does everyone NOT know this scam.  This is older than the Nigerian prince scam.  Go convert all that junk into real money.  Tell your brother that's what you did and if he gives you any more, you'll do it again.  Your brother should sell Amway.  Way better chance of making money than with this scam.

driftwood

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Re: my brother bought me Iraqi Currency (Dinar) for my Birthday and Christmas
« [b]Reply #9 on:[/b] December 28, 2017, 02:48:45 AM »
I had some left over from Iraq deployments and eventually sold it all on Ebay. 

Ask your brother this... how can he explain the 100 to 1 value increase?  So you're saying an Iraqi could take his dinar and suddenly be 100x richer if he changes it to dollars (after the valuation)?  We're about to be flooded with Iraqi millionaires then. 

Secondly, if it was a real 'investment', then real rich folks would be buying every single dinar they could get their hands on.

MrThatsDifferent

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Re: my brother bought me Iraqi Currency (Dinar) for my Birthday and Christmas
« [b]Reply #10 on:[/b] December 28, 2017, 06:30:38 AM »
If your brother is anything like mine, tell him this is the best idea he’s ever had and you wished you thought of it. Tell him you support him 100% and you’d invest everything you have except you can’t but that he should right away. Cause if your brother is anything like mine, he’ll do the opposite of whatever you tell him and reject all of your advice.

2Birds1Stone

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Re: my brother bought me Iraqi Currency (Dinar) for my Birthday and Christmas
« [b]Reply #11 on:[/b] December 28, 2017, 07:19:07 AM »
This scam has been going on for almost a decade. 

I have met quite a few people over the years who have tried to get me to "buy in". 

Good luck.

Retire-Canada

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Re: my brother bought me Iraqi Currency (Dinar) for my Birthday and Christmas
« [b]Reply #12 on:[/b] December 28, 2017, 08:32:11 AM »
Say thank you for the gift. Turn it into USD and invest it. Leave the issue alone. You are not going to solve your brother's problem.

EngineeringFI

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Re: my brother bought me Iraqi Currency (Dinar) for my Birthday and Christmas
« [b]Reply #13 on:[/b] December 28, 2017, 01:29:25 PM »
It's ironic that this is getting posted today. I was listening to NPR this morning and they had a segment on the Iraqi government's estimate on the cost to rebuild the destruction caused by ISIS. Unfortunately, no one is willing to help them finance the reconstruction effort and I imagine the Iraqi dinar will take a bigger hit when the government starts printing more money to rebuild. 

Zimbabwe Dollars though...those have value. I keep a few of those notes around around my MegaCorp office just in case we have a bad quarter in terms of revenue. For some reason my bosses don't seem to derive much comfort from the fact that if we're behind I can give them 10 BILLION DOLLARS!!!1!

Drole

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Re: my brother bought me Iraqi Currency (Dinar) for my Birthday and Christmas
« [b]Reply #14 on:[/b] December 28, 2017, 01:47:20 PM »
Oh this brings back memories of a nutter I knew a few years ago. I think the north Korean currency is the other one these folks also say is set to explode.  

I suppose it could be entertaining reading.

Michael in ABQ

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Re: my brother bought me Iraqi Currency (Dinar) for my Birthday and Christmas
« [b]Reply #15 on:[/b] December 28, 2017, 02:28:57 PM »
I bought some when I was deployed in 2004-2005. About $200 worth (250,000 dinar). Last time I checked it's gone up in value to about $210. I suppose that's better than if I had left it in a savings account but had it been in an index fund it would have doubled or tripled since then. I can't recall what the rate of return has been but it's something like 1-2% over 12-13 years.

It was neat to pull it out and show my kids as I had a mix of various bills. That's about it though. It's just a souvenir at this point. Maybe I should sell some of it to your brother?

JoJo

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Re: my brother bought me Iraqi Currency (Dinar) for my Birthday and Christmas
« [b]Reply #16 on:[/b] December 28, 2017, 06:48:28 PM »
Sell it to your brother

clarkfan1979

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Re: my brother bought me Iraqi Currency (Dinar) for my Birthday and Christmas
« [b]Reply #17 on:[/b] December 31, 2017, 08:53:21 AM »
Thank you for the help. I will continue to support my brother with his business adventures, but not contribute any of my own money. 
 
I'm going to try to exchange it within the next 2-3 days. Not all currency exchange businesses will exchange the Dinar. I'm guessing there is a higher risk of counterfeit. Hopefully my Dinar is not counterfeit.  I will find out soon. 

clarkfan1979

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Re: my brother bought me Iraqi Currency (Dinar) for my Birthday and Christmas
« [b]Reply #18 on:[/b] January 06, 2018, 08:52:45 PM »
I exchanged the Iraqi Dinar currency today for US dollars. An internet search today claims that $400,000 Iraqi Dinar is worth $337 US dollars. I went to the currency exchange in Denver at the Cherry Creek mall. They gave me $230 US dollars, minus a $5 fee for a total of $225. I have heard that a currency exchange will change 20%. However, this was a 33% fee. 

Maybe the fee is higher because of a higher level chance of fraud? When I looked at their board of exchange rates it looks like they charged only 15% for more legitimate currencies.

alsoknownasDean

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Re: my brother bought me Iraqi Currency (Dinar) for my Birthday and Christmas
« [b]Reply #19 on:[/b] January 06, 2018, 10:52:03 PM »
Quote from: clarkfan1979 on January 06, 2018, 08:52:45 PM

I exchanged the Iraqi Dinar currency today for US dollars. An internet search today claims that $400,000 Iraqi Dinar is worth $337 US dollars. I went to the currency exchange in Denver at the Cherry Creek mall. They gave me $230 US dollars, minus a $5 fee for a total of $225. I have heard that a currency exchange will change 20%. However, this was a 33% fee. 

Maybe the fee is higher because of a higher level chance of fraud? When I looked at their board of exchange rates it looks like they charged only 15% for more legitimate currencies.

They'll just be profiting on the currency spread. They might sell that 400,000 dinar to someone for $400 later on. The more common currencies that'll be easier for them to on-sell (and potentially less volatile) will probably have more competitive rates.

I've got some Sri Lankan rupees I've been meaning to sell from when I was there last year. They're valued at 120LKR to the Australian dollar at present (based on xe.com rates), but the currency conversion place will buy them at 140LKR to the AUD. I paid about 105-110 when I bought them

2Birds1Stone

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Re: my brother bought me Iraqi Currency (Dinar) for my Birthday and Christmas
« [b]Reply #20 on:[/b] January 07, 2018, 05:43:33 PM »
Wowza, the spread on Polish Zlote (PLN) is about .02-.03PLN per dollar, or about one cent. 

33% sounds insane, so does 15%. 

HipGnosis

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Re: my brother bought me Iraqi Currency (Dinar) for my Birthday and Christmas
« [b]Reply #21 on:[/b] January 07, 2018, 08:39:04 PM »
The thread reminded me that I have a butter tub of Saudi Riyals from Desert Storm.
I'll have to count it and see what it's worth.




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#20. IMHO, "Irrevocable Business Trust" or a "Irrevocable Spendthrift Trust" saves your wealth, health and happiness from the tax man. . It's Worth every penny and more. Trusts are much more apt to protect large estates. Revocable Trust hold little or no water with the IRS & States.

#21: IMHO: Legalshield.com or in some states, PREPAID LEGAL INC.: for family, business, Wills, IRS audits, Citations, legal situations. 100's of legal help issues that may give legal piece of Mind and ease the pocketbook too. Attorneys are assigned within your State to handle your cases. Some situations are outsourced to qualified attorneys within your state and they contact you. Fees average $17-49 monthly.

#22: BEWARE/ ALERT: RFID )))) RADIO FREQUENCY ID. RADIO CHIPS MAYBE INSIDE YOUR CREDIT CARD. IT IS ELECTRONIC ‘PICK-POCKETING’ OF ANOTHER’S CREDIT CARD # AND EXPIRATION DATE. LOOK FOR SYMBOL)))) OR POSSIBLE OTHER SYMBOLS. ONE’S CARD # AND EXPIRATION DATE INFO CAN BE COPIED ONTO SOMEONE’S ‘HOTEL ROOM KEY’.

THEFT DEVICE CAN BE BOUGHT FOR $100. KEEP ALL CREDIT CARDS INSIDE ALUMINUM /METAL SLEEVE OR CASE.

HACKERS CAN GET YOUR CARD #S VERY EASILY. SEE THIS VIDEO AND BEWARE. ‘RFID’ CHIPS ARE IN 33% OF CREDIT CARDS MADE TODAY. TAKE CAUTION NOW. THESE CHIPS CAN ALSO BE IN YOUR SOON TO BE BANK “BLACK DEBIT CARDS”. THIS COULD GET COSTLY AND DANGEROUS AT THE SAME TIME. IT’S BEST NOT TO HAVE ‘RFID’ CREDIT CARDS.

CHECK WITH YOUR BANK ON ‘CASH-IN’ / ‘CURRENCY EXCHANGE’ TO MAKE SURE YOU ARE NOT ISSUED ANY TYPE OF “ RADIO FREQUENCY RFID )))) “ CREDIT CARDS ON ANY OF YOUR CURRENT (AND FUTURE) ACCOUNTS.

https://www.youtube.com/watch?v=lLAFhTjsQHw&sns=em

#23 (#23-36 WERE ADDED 7/16/12): Reduce Your Risk of Identity Theft: Traveling (for business or pleasure) can increase your exposure to financial risk. Here are some simple tips to protect yourself and reduce the risk of identity theft as you head out on your summer vacation.

#24: Clean out your wallet: Take only your essential documents, like your driver’s license and just 2 credit cards – one to carry and one to leave in the safe at the hotel in case your wallet is lost or stolen. Don’t carry your social security card in your wallet – ever. Leave your extra credit cards or identifications documents at home. Men – keep your wallet in a buttoned pocket, women – wear a purse with wide straps and locking clasps, and don’t hang it on the door when you use a public restroom.

#25: Leave your checkbook at home:  You shouldn’t need it if you have credit cards. Leave your bills and private papers at home, too.

#26: Make a copy of your travel documents: Copy your passport, driver’s license, airline confirmations, etc. Leave it with a trusted friend in case you need help, or keep a copy safely tucked inside a suitcase pocket in case the original gets lost or stolen. Make a list of what you have in your wallet, along with the phone numbers on the back of your cards.

#27: Stop your mail or have a neighbor pick it up: A full mailbox with bank statements and credit card bills is a sure sign for hackers and thieves that you are not at home. Also, stop the newspaper, and don’t broadcast your travel plans on social networking sites.

#28: Alert your credit and debit card issuers: Let them know where you are traveling, how you may be reached, and when you will return. This helps the fraud department stop charges that may not be yours, and reduces the risk that your cards will be “frozen” due to unusual activity when you are away from home and can’t be reached

#29: Keep an eye on your cell phone: Many people are storing user ID’s and passwords and other personal information on their cell phones. Secure your phone with a security code so that it can’t be accessed if it is lost or stolen.

#30: Consider a temporary credit freeze: A freeze will deny access to your credit history, so ID thieves can’t open accounts while you are away. Setting up a freeze through the three credit reporting bureaus – Transunion, Experian and Equifax – takes time and money, so this is the most beneficial if you are planning a period of prolonged travel.

#31: Look for safer ATMs: If you need cash withdrawals, ATMs in bank lobbies are less vulnerable to devices used to capture your information, and are usually better lit and safer in general. They are also more likely to have surveillance cameras.

#32: Be careful with computers in hotels and other public places: Don’t access your financial data on hotel or other public computers or public Wi-Fi networks. Public computers may have spy-ware or malware installed which could record everything you type. Be sure to log out of any sites that you may access before leaving the PC.

#33: Beware of front desk calls: If you receive a call from a “clerk” saying that they need to re-enter your credit card number, hang up and call the front desk yourself. You don’t now who is at the other end of that call.

#34: A few simple steps will go a long way in protecting you and your information and prevent your vacation or business trip from turning into a headache. If you have any concerns about your personal information, notice any suspicious account activity, or experience a customer information security-related event, contact your bank branch immediately so that they can assist you.

#35: ONLY PUT ONE'S PO BOX ADDRESS ON THEIR CHECKS. NEVER PLACE BIRTHDATE OR SOCIAL SECURITY NUMBERS OR EVEN PHONE NUMBER ON YOUR CHECKS. MAKE IT DIFFICULT FOR THE WOLVES/THIEVES IF THEY TAKE ONE'S CHECKBOOK.

#36: ACT IMMEDIATELY AND ACCORDINGLY TO PROTECT ONESELF, FAMILY, BUSINESS. ONE OR TWO MINUTES COULD SAVE : TIME, MONEY, GRIEF, UNTOLD PAPERWORK & CHAOS!

#37: Any major ideas or investments, always bounce it off someone you trust like your CPA, Attorney or Investment advisors. Many are ashamed to admit they've been taken advantage of or conned. Do not be over-trusting, nieve or gullible.. When or if someone tries to interest you in a venture involving money /investments, say, "I'll discuss this with my real estate agent, CPA or lawyer and get back to you." Then talk with someone you trust.

#38: further info on personal identity: Scam-proof your communications by taking control of your personal information. Put your phone numbers (home and cell) on the Do Not Call Registry. Opt out from the sale or sharing of your personal information by contacting the three credit bureaus, your state department of motor vehicles, the Direct Marketing Association and companies with which you do business. Thieves cull your information and use it to open bogus accounts that can ruin your credit scores, credit and make your life absolutely miserable.

For more information on how to remove yourself from these databases, see the Federal Trade Commission's Web page on sharing your personal information.

#39: Don’t Trust Your Caller ID: Never do business over the phone, unless you initiate the call. Here's why: No matter what your caller ID might say, you don't really know who's on the other end of the line. If you place the call yourself, divulging personal information isn't as risky. If you receive a call from someone who claims to be with your bank, insurance company or some other place where you do business -- unless you recognize the caller -- say you'll call back. That will give you time to make sure the number is legitimate. Simply call the company's published number and ask to speak to the individual who called you, or to someone in the appropriate department.

#40: Ways to make using a debit card safer include the following: Run your purchases as credit so you don't have to input your PIN. & Always double-check your card when a clerk, cashier or waiter hands it back to you and make certain it's the same card you handed over.

Be suspicious of people who want to stand too close to you when you're using your debit card, particularly when they are using a cellphone. They could be recording your debit card information with their camera

#41: Regard All Links With Suspicion: Social networking can be a great way to keep up with friends and family, but scammers have found the Internet a gold mine of opportunity. Most of us know not to click on links in emails from people we don't know or to acknowledge those silly get-rich-quick schemes from strangers, but you should never underestimate a con artist's creativity.

For instance, a recent scam on Facebook involves a fake game based on the "Twilight" series. Fans are prompted to click on the link, exposing their personal information to scammers.

Best rule of thumb: Be on your guard and never click on links of unknown origin. Check on them by running a search with the relevant keyword (in this case, "Twilight") and "complaint" or "scam."

42# Safeguard Online Activities: Don't join the thousands who fall victim to online identity theft schemes each year. Some are as simple as planting a keystroke logger on your computer to copy your private information, while others involve complicated email exchanges.

Here are some of the best strategies for avoiding online fraud:

Don't ever respond to emails asking for your account information since they are almost always fakes.

Never click on links embedded in emails (even a friend or relative can accidentally pass along a virus). If you must see that funny video, type the URL directly into your browser.

#43: When you decide to purchase from an online merchant, always make certain that you're dealing with a reputable site. Check for complaints and never click on a link; instead, as with email links, type the company's correct URL into your browser.

Make it a habit to double-check that order forms are secure before completing them. Instead of the standard "http," the URL will begin with "https," which indicates a secure transmission.

#44: DOUBLE REMINDER : Don't forget to maintain up-to-date, functioning security software and a firewall WITH latest up to date Online Protection.

#45: Guard your medical insurance information and ALL PERSONAL INFORMATION OF ANY NATURE with the same zeal as you do your financial data. the National Health Care Anti-Fraud Association says the fallout from medical fraud can damage your credit rating, open you to litigation and even result in your receiving improper medical care. "Always examine your explanation of benefits for treatments that you didn't have," he says.

THE LESS INFO there is out there about you, the harder you are to target. Make the con artists' jobs difficult by avoiding their scam tactics. They don't deserve to score off your hard work.

* #s 37-45 contributed in part by : Former policewoman Carole Moore,author of "The Last Place You'd Look: True Stories of Missing Persons and the People Who Search for Them."

Read more: 8 ways to avoid getting conned

http://www.bankrate.com/finance/personal-finance/8-ways-to-avoid-becoming-a-successful-mark-1.aspx#ixzz217YsBOtg

ALL CONTRIBUTORS, INFO, IDEAS ARE SINCERELY APPRECIATED TO HELP DINARIANS AROUND THE PLANET. I LOVE YOU ALL. BLESSINGS. LAST UPDATE 11/11/12.

"Lowest in the Market" - Thurs. PM KTFA Thoughts, News w/ DELTA 4/19/18

KTFA

Samson » April 19th, 2018

The dinar is down against the dollar in the local stock exchange100 LINK

DELTA » April 19th, 2018

"1195 & 1197 ......VERY NICE THE LOWEST IN T HE MARKET SO FAR........HUGE...CBI SELL IT TO BANK AT 1190....THANK YOU SAMSON

MilitiaMan » April 19th, 2018

The above is the part of Unification of their Currency that was spoken about in the W CC..

imo "This meeting was very unique." ~Frank26

"They were talking about the unification of their currencies." ~Frank26

That is in reference imo to the AMF and IMF meetings recently, imo. The above post is showing the parallel market behavior, just as talked about in the below Final Article #20. ~ MM

Final ARTICLE # 20

New BD version .. enhance cash to our system

15/12/2016

Dr.. Mohammed Riad Hamza

The reality of the dinar 's trading current segments of confusing and obstructive economic, commercial and service all of the activities, for the Iraqi market , the level of the reality of the dinar in the evaluation of commercial exchanges, inter and single, is far from accurate price, as well as in the evaluation of real estate , buying and selling and lease, and facilities banking, trading and any resident currency, any deal large amounts of both ends need to fill categories of dinar bags for exchange between the seller and the buyer.

And you can see scenes of people carrying bags of dinar entrants to the banks or exchange houses or coming out of it.

It is certain that the reality of the Iraqi dinar and the low value segments purchasing a catalyst for the crimes of counterfeiting, states that equal their exchange rate with the Iraqi currency plagued by rigging the currency and counterfeit currency have devastating effects on the economy , among the components of the total of any state.

To dinars Iraqi Rolling currently Bocefarh and the small value of the cashed important role in the rise in goods and services and rising inflation rates, since the transactions in the wholesale exclude small - value segments of the dinar, in addition a few thousand dinars to deal consumer goods or long - lived, and circulation of marketing to another port and into the hands of the consumer, the price of the commodity Tuwalia ballooning number of marketing outlets.

The reason is the low purchasing power of the dinar small groups that are excluded when evaluating the price of any commodity.

On 27 August 2015 published (unit of economic studies links for research and strategic studies center) in its website an important article included reference to «that the Iraqi government may resort to the liberalization of the dinar any (floated) something that will not solve the financial problem in the country, but will have disastrous effects on the Iraqi people first and foremost.

On the other hand, the flotation is the port for speculators in the market to carry out money laundering and manipulation of the currency auction within the central bank.

Currency float means leaving the exchange rate of a currency float rises and falls reverse proportion to the cases of demand and supply in the market.

And taking into account the level of emancipation of the national economy, and the quality of his performance, and flexibility of its production apparatus.

It is the risk of this operation is that it opens the door to money laundering and corrupt diversion of funds from the Iraqi dinar to the free exchange for smuggling operations abroad.
The survival of the purchasing power of the Iraqi dinar is weak seesaw at home and are not supported in the outside with rampant financial corruption contributes to convert the dinar into other currencies smuggled out what causes inflation rise, as to keep large amounts of the dinar in the Iraqi market means inflation liquidity, which makes it easier out more of foreign currency from the country.

The solution is not to delete zeros or dinar floated, but substituting new Iraqi dinars and linking its exchange rate to the US dollar
.
The issuance of any new Iraqi dinars equivalent to the dollar in the exchange rate.

It consists of one hundred per dinar fils and groups: one dinar, five dinars and ten dinars, and twenty dinars, and fifty dinars, and one hundred dinars.

Minting coins from fils and five fils, ten fils fils twenty, and fifty fils, and one hundred fils.

And ensuring the stability of the monetary system and eliminate the flaw in the current system , which allowed rampant corruption.

As has been the abolition of the currency of the former regime after 2003 and replacing rolling dinar now, it can be done through the abolition of the current period of time and bring new dinar.

It is important that the Iraqi Central Bank assisted by experts from the «Federal Reserve« The US central bank in the Iraqi monetary system , the development of the currency enjoys the trust of high exchange locally and internationally.

Central banks play a major role in financial instruments control in all countries of the world, the most important tool in the hands of the Central Bank is the monetary policy, it is through an increase in liquidity can stimulate the economy out of the state of economic crisis, or to help the economy grow by encouraging exports, reducing inflation.

The currency of the Iraqi dinar in US dollars fasten it means installing currency dinar price of a fixed exchange rate and a lot of countries in the world this practice is based, there are 17 countries in the world have linked its currency to the US dollar, including six Arab countries , namely Saudi Arabia, Jordan, Oman, the UAE, Bahrain and Qatar.

And connecting the Iraqi dinar to the dollar has several advantages the most important of the ease of exchange rate policy management between the currency of the country and the rest of the world currencies all, where monetary authorities determine the rate specified for the disbursement of the peg through which is determined by the relationship of the dinar to the rest of the currency, it goes up for these currencies with the rising dollar and fall with the decline.

On the other hand, the dollar peg helps relatively to protect the national economy from inflation as well as help link in the case of oil -producing countries to stabilize their revenues in local currency when the devaluation of the dollar,Vpferd the stability of oil prices, the decline in the global value of the dollar does not lead to a decline in oil revenues of Iraq Dinars.

It will be issuing new Iraqi dinars a way to expose corruption as it requires the replacement of currency in circulation is the new currency.

At that expose those who shelve billions of current Iraqi dinar and act within the framework of the weak monetary system and politicized the farthest thing from transparency.

It can also be placed CBI commercial banks before the deal could expose any abuses of money laundering and the smuggling of hard currency abroad.

The main reason behind the dollar peg is to maintain stability and increase the confidence to deal with, and maintain a fixed exchange rate of the dinar will eliminate the so - called parallel market vowels (black market).

This reinforces the confidence of investors monetary system and its stability and preserve the purchasing power of consumers with incomes limited.

------------------------------

MilitiaMan » April 19th, 2018

Now look at the similarities below to what WS brought in as the now Final Article #81. The aforementioned FA #20 shows the same sort of educational process that was successful and is some what of a mirror image of what is happening at present with the IQD.. Delta and Samson show that the parallel market is at that stage now to be at the stage for it to cease to exist. New currency is to be issued..

FA #80 "And promoting the circulation of small denomination banknotes." ~ CBI .....

This is the place we are now, read new currency with no parallel market anymore of substance.. imo. Waiting now for the moment of truth. Was that 24 hour notice given? ~ MM
"FA #81

New Money

FINANCE & DEVELOPMENT, December 2013, Vol. 50, No. 4

Introducing a new currency is a complex process—one that Turkmenistan completed successfully

A popular destination for visitors to the IMF’s Washington, D.C., headquarters has long been a 40-foot-long display of each member country’s currency.

Most countries have their own currency, which is an important part of their national identity, though some belong to a monetary union and share a common currency with the union’s members; others use that of another, often larger, country.

On occasion, a country must introduce a new currency. Turkmenistan, the former Soviet republic in central Asia, decided in 2008 to undertake a currency reform.

A major gap between the official exchange rate and the informal or market rate meant that Turkmenistan’s price system had become complex and inefficient. This, in turn, created complexities in accounting and statistical reporting. So the government decided to introduce a new currency before launching market-oriented reforms. Currency reform was regarded as the foundation for further strengthening the macroeconomic framework, particularly monetary transmission: the more the population relies on the local currency rather than U.S. dollars, the more control the government has over macroeconomic policy.

The total and orderly overhaul of Turkmenistan’s currency system in 2008–09 in many respects serves as a model for other countries.

Big decisions

The introduction of a new currency is not undertaken lightly. The motivation could be hyperinflation, exchange rate collapse, massive counterfeiting of the existing currency, or even war. Or it could be an intentional change—for example joining a monetary union, such as the European Monetary Union.

Changing a national currency is a highly political decision. Sometimes the existing currency does not meet the economy’s needs.

The typical economy in need of currency reform is cash based and highly dollarized, with multiple currencies circulating at the same time.

The single most important price in any economy is the price of its currency vis-à-vis other currencies. Countries that assign non-market-based exchange rates for different goods or services—or for imports versus exports—tend to have significant distortions in their economy. Over time, this usually leads to slower growth overall. Eventually, the general public, the business community, and politicians may start pressing for currency reform and the introduction of a new currency.

Currency reforms are typically complex and risky: global experience confirms that a successful outcome is never guaranteed. The main ingredient in the successful introduction of a new currency is a strong commitment by the central bank together with the government to take the steps needed to ensure that the new currency is perceived as stable by companies, the general public, and the international community.

Introduction of a new currency comprises four phases. First, the necessary preconditions—sound macroeconomic policies and strong financial sector legislation—should ideally be in place or under way. Next, careful preparation is required, setting up the policies and processes behind the reform and drafting a detailed budget for the entire currency reform (including the cost of printing and minting the new cash currency). Then comes production of the new currency, and finally the most challenging phase: implementation.

Setting the stage

A government facing currency reform often has limited ability to pursue macroeconomic policy. If the country is suffering from hyperinflation, its macroeconomic policies to date by definition were unsound. In some cases, a currency reform must be implemented despite a difficult macroeconomic situation. Currency reform alone is unlikely to resolve such problems and will yield its benefits only if underpinned by fiscal and monetary action. But psychologically, introducing a new currency can itself facilitate the stabilization of an economy. It is sometimes combined with exchange rate unification—to eliminate the complications of both an official exchange rate and unofficial market rate.

Turkmenistan was able to achieve favorable macroeconomic conditions before it implemented exchange rate unification and currency redenomination. During 2006–07, the economy was growing more than 11 percent a year, inflation was in single digits, and fiscal and external balances were strong.

A currency reform must be supported by financial sector legislation. Existing legislation—including the law establishing the central bank and regulation of banks and other financial institutions—should be reviewed to ensure consistency with international best practices. A law and regulations on the specific currency reform are also necessary, and other legislation—for example, governing accounting and financial reporting—may require updating. This work can be supported by technical advice from the IMF and other countries’ central banks. Such technical assistance includes initial general guidance as well as detailed recommendations based on currency reforms in other countries.

In a crisis situation, the government has little, if any, control over the circulation of different currencies. For that reason, the economy tends to be highly dollarized—that is, many transactions are made with a foreign currency, often the U.S. dollar.

Moving forward, the government should favor a currency regime that supports open trade and free markets—one that allows international competition and is not overly protectionist.

The central bank is the arm of the state responsible for introducing a new currency, but it is not necessarily in a position to do so.

It may lack staff with relevant experience, or sufficient branches throughout the country from which to operate, or even the funds necessary to finance a reform. Strengthening the institutional capacity of the central bank and ensuring it has the resources needed are critical preconditions for currency reform.

Private banks also play a key role in currency reform. But the banking sector may be weak or, in some cases, virtually nonexistent. In some parts of the world, informal funds transfer systems such as hawala and hundi are more vibrant or have nationwide networks that surpass those of banks. In such cases, collaboration between the central bank and these payment system operators is critical to the success of the reform.

The central bank must assess the extent to which counterfeit banknotes circulate. Together with the ministry of finance and the commercial banks, it should formulate a strategy to avoid an increase in counterfeit currency during the critical implementation stages of the currency reform.

The central bank should prepare a budget for the entire currency reform early on and revise it as necessary over time. The IMF can offer technical advice on preparing such a budget.

Introducing a new national currency is a highly complex project, which requires a well-functioning accounting system. Throughout the various stages, tested systems must be in place for independent auditors to safeguard the integrity of the currency reform, by ensuring correct reporting and accounting of the currency exchange. Failure in this area is not only costly but also potentially devastating to the currency reform’s reputation.

Important as all these preparations are, the success of a currency reform depends just as much on a successful public education campaign. The central bank needs to coordinate this campaign with other agencies, financial sector representatives, merchants, and the general public. A delicate balance must be struck between providing sufficient public information and the need for confidentiality to avoid releasing clues to counterfeiters that could be used to undermine the integrity of the new currency.

The information campaign should encourage people to deposit their cash currency in accounts at banks. The campaign must make it clear that once the currency reform is initiated, account holders can withdraw their money in the form of new banknotes.

A second important point for the public education campaign is timely information on the stages of the currency reform to discourage a run on banks with temporary liquidity problems.

In Turkmenistan, the central bank conducted a proactive public communications strategy that began early in the currency reform.

The terms of the redenomination were carefully defined and announced in advance. An awareness campaign was carried out throughout the country. Booklets, illustrating the new banknotes to be distributed, were published in national and local newspapers along with explanatory articles. In addition, pocket-size cards comparing the denomination of old and new manat were distributed to the public. And the Central Bank of Turkmenistan set up a phone hotline to answer questions from businesses and the public.

Lights, camera, action

A new currency’s name is a psychologically important decision for the government. One option is to emphasize continuity with the old currency by retaining the old name or adding “new” to it. Alternatively, the government may choose to underscore a break with the past by giving a completely new name to the currency to mark the start of a new monetary era.

In Turkmenistan, the government decided to keep the name “manat” for the redenominated currency. However, in line with an international convention among countries and central banks, the International Standards Organization changed the three-digit ISO 4217 code from TMM for the pre-2007 manat to TMT for the new Turkmen manat.

The banknote printer and the minter of coins should be selected competitively and in the international market. Even if domestic producers are available, they should be required to compete for the contract. It is not uncommon, by the way, for various banknote denominations to be produced by different international firms.

Turkmenistan’s banknotes were printed by the British firm De La Rue, and the coins were minted by another U.K. company, the Royal Mint. De La Rue is now testing production of the banknotes from paper produced with local raw materials—Turkmen cotton, renowned since ancient times for its high quality.

Decisions on the artistic design of banknotes are almost always complex and time consuming. The design must be integrated with necessary security features: the higher the denomination, the more advanced security features are required. These often include watermarks, security threads, see-through registers, and hidden numerals. Decisions also need to be made on the size of banknotes—a uniform size as for U.S. banknotes or a different size for each denomination as for euro banknotes. Finally, the color scheme should be determined—again, uniform colors, like U.S. banknotes, or clearly different colors as for most other banknotes.

Hyperinflation and exchange rate collapse slash the value of a national currency, forcing the issuance of banknotes in ever higher denominations. In Yugoslavia in 1993, a banknote reached 500 billion dinars, and Zimbabwe’s highest banknote issued was 100,000 trillion Zimbabwe dollars in 2008. In such situations, a redenomination of the currency is not only appropriate but also necessary. Redenominating a currency means administratively changing its face value. In itself, a redenomination makes no one richer or poorer. Technically most redenominations of currencies are undertaken by using factors of 10, 100, or 1,000 and simply moving the decimal point a certain number of steps to the left to establish a new value. Such a change is simple to explain to the general public and easy for companies to implement. It also represents a clear way of monitoring whether price gouging is taking place.

The first step in the Turkmen currency reform was to unify the exchange rate. In the past, because of a shortage of foreign exchange, there had been a dual exchange rate system made up of an official rate pegged at 5,200 manat per U.S. dollar and an informal parallel market rate of about 23,000 manat per U.S. dollar.

Later, the government devalued the official rate to 6,250 manat per dollar and introduced a commercial rate of 20,000 manat per dollar at which banks could trade freely with the public. The two markets were successfully unified on May 1, 2008—at the rate of 14,250 manat per dollar, a level consistent with the country’s strong external position.

Currency exchanges were located wherever customers might want to exchange dollars for manat, offering easy and official access at close to the informal rate, thus killing off demand for the informal market. (parallel)

At the beginning of June 2008, the Turkmen government issued new foreign exchange regulations under which the Central Bank of Turkmenistan began providing banks and authorized currency changers ready access to foreign exchange, which in turn became available to the market-oriented private sector. Previously the central bank had been propping up the official, unrealistically low, exchange rate by restricting access to dollars. The provision of sufficient foreign exchange to an extensive network of exchange bureaus across the country eliminated the black market rate.

While unifying the exchange rate is important, the authorities must also modernize the national currency for a currency reform to be comprehensive. In Turkmenistan, the modernization entailed issuing a new family of banknotes that were smaller in size than the unnecessarily large old banknotes.

It also included the reintroduction of coins. The Turkmen economy had been cash oriented for a long time, and the U.S. dollar was extremely popular. The weakness of the manat to the dollar, which required thousands of manat in an exchange conversion, was deemed unacceptable. One way to correct this was to redenominate the national currency.

After the successful exchange rate unification, the authorities moved forward with the introduction of the new manat, revaluing the currency by a factor of 1 to 5,000. The pegged exchange rate of 14,250 manat per dollar resulted in an exchange rate of 2.85 new Turkmen manat to the dollar.

A presidential decree issued August 27, 2008, announced the introduction of the redenominated manat on January 1, 2009.

Even without redenomination, the denomination structure of a new cash currency is worth considering. Usually, lower denominations are eliminated and higher denominations added. There is generally a shift into coins from denominations that were previously issued in banknotes. Cultural and sociological preferences must be considered. For example, in some countries, such as Somalia and South Sudan, coins are not popular. In other countries, such as Germany, people want access to very high-denomination banknotes. A rule of thumb often applied in developing economies is to set the highest denomination of the national currency no lower than the equivalent of 20 dollars.

Money in hand

Turkmenistan issued six new banknote denominations on January 1, 2009: 1, 5, 10, 20, 50, and 100 new manat. This was a major expansion of the upper denominations—the previously highest denomination, 10,000 old manat, now corresponded to a mere 2 new manat. The six newly issued banknotes each differed in size and were all shorter and narrower than previous banknotes. The design of the front of the banknotes presented prominent historic Turkmen personalities. The reverse side, as in the past, portrayed new key buildings and monuments of modern Ashgabat, the Turkmen capital.

In parallel, new coins were issued in the following denominations: 1, 2, 5, 10, 20, and 50 tenge; and the following year, two more coins were circulated with 1 manat and 2 manat denominations. This represented a de facto reintroduction of coins after high inflation and intense exchange rate pressure had rendered the previously issued coins valueless.

Once the design and denominations of a new currency are selected, the central bank must decide how much to produce, based on research on the demand for money in general and on various cash currency denominations in particular. Data on past orders of banknotes and coins should give reasonable estimates, which must be assessed in light of recent changes in public demand for the currency compared with other currencies. Technical advice is available from international banknote printing firms such as De La Rue and Giesecke &Devrient, and for coin denominations from mints such as the Royal Mint.

The next phase of currency reform is the conversion from old cash currency to new. The authorities must decide—at first privately--when the currency exchange will begin, when it will end, and whether or not to cap, in absolute terms, the amount to be exchanged.

Then, decisions (date) on the announcement of and publicity for the currency exchange must be made. Other essential decisions include the conversion rate and how financial assets, resident/nonresident accounts, and existing currency contracts will be treated in the currency exchange.

In addition to the guidance of the central bank and the ministry of finance, the views of the ministries of justice, commerce, and defense; the police force; the chamber of commerce; bank representatives and representatives of the informal payment system (if it plays an important role in the country); the general public; nongovernmental organizations; and key media outlets should be considered.

The key stakeholders, under the leadership of the central bank, should develop a detailed plan for distribution of the new currency. They must identify exchange points (places where the public can exchange the old money for new and where cash currency can be stored temporarily); establish facilities for more permanent storage of currency, such as vaults and strongboxes; and address various logistic issues, including exchange point staffing.

In its plan for the currency reform, the central bank must decide how to handle the soon obsolete cash currency. Old banknotes that have been exchanged for new currency should be immediately invalidated via ink markings or holes drilled in the currency.

After a second counting, the then invalidated banknotes should be destroyed by shredding or burning. Routines should also be established for the collection and transportation of old coins, which may be sold by the central bank for scrap metal and ultimately melted down.

In line with common international practices, the Turkmen central bank allowed the two sets of banknotes to be circulated during 2009. By 2010, all banks were expected to exchange the old currency for new manat. And after that, the old currency was demonetized and retained only numismatic value.

The IMF’s currency display was recently dismantled to allow for repairs to the building. If and when the display is restored and updated, there will be several new currencies for visitors to view, including the new Turkmen manat.

http://www.imf.org/external/pu.....nnberg.htm

HAS Call "Are you in Denial?" w/ Yosef (Alexander Gagin) Tonight at 9 PM EST 1/6/18

By: Human Angel Services www.humanangelservices.com
Title: “Are You In Denial” Show #20 CHURCH BANK CALL TONIGHT

Date & Time: Saturday, January 6th at 9:00 PM Eastern
Speaker: Yosef, Moshe
Host: Showme, Sophie

Attend by Phone:
Primary dial in number: (206) 402-0100
Guest pin code: 921624#
Secondary dial in number: (312) 279-3393
Guest pin code: 921624#

To listen online click link below (click on broadcast) :
https://iTeleseminar.com/104353545

Please Submit your questions to be answered on the call by going to www.humanangelservices.com website for the link for questions.

Bruce Call Notes via WingIt

( LADYB COPIED AND PASTED THE NOTES. THANK YOU LADYB.
PINKROSES TRANSCRIBED THEM ON TNT SITE)
 

Bruce call: We need each other, love doing this call with others, we need you out there listening and being there for us, thank you each Tuesday and Thursday night.

 
 
 
 
 
 
 
Bruce call: Bruce opening call with prayer
 
Bruce: Bruce: Tonight special call with Guest speaker Sue, and guest speaker Bob, and Kent
 
Bruce call: Kent Lesson, then prayer requests
 
Bruce call: Bruce and Kent discussing teaching lesson
 
Bruce call: Praise reports and Prayer requests now
 
Bruce call: Bruce: Intel now
 
Southcomfort transcribed this comment:  Europe becoming liquid in morning their time, midnight eastern our time
 
Bruce call: Bruce: Tonight different how we do this, collection of intel from various sources. Put it in 20 points.
 
Bruce call: Sue: to be ethical, this is the best collection of intel we have worked hard to gather, Intel providers gave us is very connected, reputable, fortunate to have it. It is intel in the moment, it is fresh. best we can come up with at this moment.
 
Bruce call: Bruce: Realize this this collaboration is something that info is we have and we are putting out. Understand that we definitely try to use discretion, try to put out info without putting out things ultra-sensitive, or going over the line in certain areas.
 
Bruce: No rates or dates, try to be ethical. receive this info in that light.
 
Bruce call: Sue: We are giving dimension to it. Bruce: We are sort of in the moment. down to a close proximity. Take the info, apply as you see fit.
 
Bruce call: Intel 20 Points
 
Bruce: #1: China announce new gold price, #2 The Chinese Yuan went gold back same moment #3 Global oil price and ? were settled 3 hours later Monday night.
 
Bruce call; Expected tomorrow morning
 
Bruce call: High rates available first 5 days, off site redemption locations
 
Bruce: rates high limited time, nothing new. the people want us to get in, get exchanges done. WF lead bank, working very carefully with HSBC, and other International banks.
 
Bruce call: 800 numbers can come out anytime but expected wee hours of the evening to ease the flow of appt setting.
 
Bruce call: 800 numbers put out in form of emails, and judicially intel providers and sites
 
Bruce call: Sue: Are you one of those intel providers? Bruce: some people think, but I not been informed. If so send to our site, we put them on our website under our bank tab.
 
Bruce call: Sue: Are you one of those intel providers? Bruce: some people think, but I not been informed. If so send to our site, we put them on our website under our bank tab.
 
Bruce call: Bruce: If they want me to.
 
Bruce: #9, Zim very valuable, be given initially 36 hours preference. Bruce: If you have Zim let people know that this is one of your currencies. They put you head of the class. Put you in appt sooner than later. They want to get the zim more quickly
 
#10, Zim will have a longer structure payout period, and skeleton trust if you dont have a trust at time of exchange
 
Bruce: I am not an attorney, cpa. What we understand, banks are prepared to put together, a skeleton trust, basic trust, to keep funds secure until you come with your own, or add to, or a trust above this trust.
 
Bruce: You will get with your WM on, to put together, they will have the resources to put together. get done before walking out of redemption center.
 
#11: IQD-dinar VND-dong, IRR-rial,. IDR-Indonesian rupiah, AFA =afghan ZIM-zimbabwe
 
Bruce: possible minimum 2 year structure payout with other currency other than the zim
 
Bruce: Sue: no rates or dates, the value has gone up, this process going to be easy, feel safe, the banks going to provide you those more valuable rates.
 
Bruce: The rates very good, nobody needs to negotiate anything. going to be quite spectacular
 
Bruce call: if not want structure rate, can redeem later, there be a time frame for groups and others to set appt, period of time initially, after which time, the John Q public they be able to exchange after that with bank screen rates, or international rates
 
Bruce: appt time about 36 minutes. New us gold back system been established
 
#15, all public and private project leaders ready and completed for global release
 
#16, US dollar and federal bank notes no longer recognize last week. Bruce: that is referring to the fiat. They already made the transaction to the new dollar that is backed by gold and other assets
 
#17, all security forces in place currently in exchange centers, inside and outside and beyond
 
Redemption staff on lock down all week, all ready.
 
#19, performance time kept secret
 
#20, 16 million currency holders, no cap. All set, plenty of equity, funds in place, all set, all compete from equity stand point.
 
Bruce call: next thing on agenda? Sue: post RV reality
 
Pinkroses.  sorry if I missed some numbers
 
bruce call: Sue: talking about her book
 
Bruce call: Kent discussing his plans post Rv and giving suggestions how to have new mind set post RV
 
Bruce call: Sue discussing to have the mind set
 
 
Bruce: the exchange itself, the banks will make it as fun as a transition as for us. Best interest to work with us as partners. That is how I going to look at it. Enjoy, have fun, new world you going to walk into.
 
Bruce: Embrace the transformation you’re going to walk into. No fear, walk into with faith, confidence. I am sure all come out as fine on other side.
 
Bruce: Ask for guidance to ask right questions and hold you during whole experience. Look forward to Thursday night to go more into this.
 
Bruce call: Kent praying call out.

rcookie and member chat

hub says(): used my snow blower last evening, picked up a rock, threw it against the house, wife was setting on the porch having a 44 oz dr pepper and it scared her, she dropped it on the cat, it jumped up and and clawed the dog, since it was 70 degees my wife was letting her $500 parrot get some sunshine, the dog knocked the cage over, the bird flys to the nearest tree.... i climbed up to get it, the bird flies back to the cage and i fell out of the tree.... im ok, but i hate that durn snowblower and will never get in out again.....
 
rcookie says():   The Secretary-General of the Union of Arab Banks, that "Iraq needs to develop the banking sector and infrastructure and the system of information and training for capacity building," revealing "an intention to hold an investment conference in Iraq under the title of (Iraq Economic Forum)."
 
And between Fattouh, that "preparations are underway to hold the conference," returned him "a good opportunity to bring Arab and foreign investors to Iraq, opening the door for investment in Iraq's banking sector."
 ~~~



rcookie says():YOU GUYS MISSED A LITTLE PART.......
larrykn says():wmawhite I feel the rate and article8 will be one after the other was what I was trying to say sorry
 
rcookie says():WHAT WAS THE MAJOR ANNOUNCEMENT RELEASED ON 1/7/16 IN ADDITION TO GOLD COINS PROGRAM........
cjquade54 says():bonds?
 
rcookie says():CBI ANNOUNCEMENT
rcookie says():ONE OF THE MOST IMPORTANT ANNONCEMENTS....EVER...
cjquade54 says():cbi loans to goi?
 
rcookie says():THE ANNOUNCEMENT OF CHANGING FROM UNIFORM ACCOUNTING STANDARDS..TO IAS...INTERNATIONAL ACCOUNTING STANDARDS.......
cjquade54 says():that was my next guess lol
 
rcookie says():WHICH IS COMPLETELY NECESSARY IN DEALING WITH PUBLICLY TRADED COMPANIES......
bigrudy says():does anyone know if the 50k are in circulations?
 
rcookie says():IFRS...INTERNATIONAL FINANCIAL REPORTING STANDARDS....
cjquade54 says):big time moves to international status
 
jimplants says():WHEN IS THE DATE OF THIS FORUM I MISSED THAT
tbob says():MD foretold of this long ago ... what to be on the watch for ... most poo pooed her ... and here it is right in front of us! Whoopow!!!
 
wvchsr says():ge all. is there nt tonight?  (news time)
cjquade54 says to wvchsr():there is nt right now
 
rcookie says():SO READ THIS........
nromeo says():they are far from being in 2% compliance aren't they or are they?
wvchsr says to cjquade54():i'm standing beside myself with all the good info coming out

rcookie says():"the agreement signed today, provides short on the commitment of Arab Banks Union set up a training important program for the sector of the Iraqi banking, bring Arab and foreign expertise to Baghdad and prepare capacity building in subjects related to international accounting standards and to combat money and CFT program."

 
rcookie says():prepare capacity building in subjects related to international accounting standards and to combat money and CFT program."
 
watchman42 says():just woke up and now this. sparks are flying off of my brain! can't take it all in right now. LOL
 
rcookie says():AGAIN...AML...CFT ...AND FinCEN COMPLIANCE....
 
rcookie says():CFT= COMBATING FINANCING OF TERRORISM....
 
rcookie says():ANYBODY STILL THINK ANY OF THIS WAS REMOTELY POSSIBLE WITHOUT ALL OF THESE MECHANISMS IN PLACE 2..3..4..10...YEARS AGO....
larrykn says():not even 6 months ago
 
rcookie says():THHEY WOULD HAVE REVALUED THEIR CURRENCY AND LOOKED EACH OTHER GOING..."UH OH...OK NOW WHAT DO WE DO."...
 ~~~

39 Signs the Global Elite’s Ship is Sinking

39 Signs the Global Elite’s Ship is Sinking

Let’s take a look at some of the major stories that have occurred in the last few months. Piecing the puzzle together, we see that the jig is up and the events surrounding it are growing in size and speed.




3rd October 2015

The Final Word

This revolution WILL NOT be televised.


http://wakeup-world.com/2015/10/03/39-signs-the-global-elites-ship-is-sinking/