Part 8 - Featuring rcookie & wmawhite
clay says(3:04 PM):
thanks
clay says(3:04 PM):
lost internet weird
rcookie says(3:05 PM):
DID YOU READ ABOVE ^^^
clay says(3:05 PM):
whats that
(3:05 PM)doing90 changed nickname to JR72>rv!
doing90 says to Kountryway(3:06 PM):
Howdy Parner
doing90 says to Kountryway(3:06 PM):
Partner
doing90 says to Kountryway(3:06 PM):
Okie here
clay says to rcookie(3:06 PM):
just did thanks
rcookie says(3:07 PM):
25. The restrictive foreign exchange measures helped maintain reserves. The effective depreciation of the exchange rate and the increase in the parallel market rate contributed to lower demand for foreign exchange this year. As a result, in the first half of the year foreign exchange sales were on average much lower in 2015 than in previous years. However, the uncertainty on the availability of foreign currency also undermined confidence and impacted trade. Nevertheless, the authorities saw this as a useful side-effect of the measures to the extent it avoided pressure on international reserves, which actually increased slightly in the first five months of the year.
Mrs BGG says to sheila3(3:08 PM):
Thank you!
Mrs BGG says to rcookie(3:08 PM):
(y)
rcookie says(3:09 PM):
THIS ADDRESSES SOME COMMENTS MADE THIS MORNING ABOUT DEPLETING IRAQ RESERVES BEING OUT OF CONTROL & UNCHECKED WHERE OBVIOUSLY BY THIS AND THE CBI STATEMENT IN 2016 LOI...IS ACTUALLY A PREMEDITATED PART OF THEIR PLAN...
Kountryway says to doing90(3:09 PM):
Hido my friend how are ya?
rcookie says(3:10 PM):
26. The level of international reserves still appears adequate (Annex I). Compared to the 2013 Article IV report, the projected external position is much weaker. Nevertheless, the projected level of international reserves at end-2015 exceeds conventional reserve adequacy indicators, at almost seven months of imports of goods and services and 175 percent of the Fund’s reserve adequacy (ARA) metric. Reserves are projected to decline further by end-2016, but they are expected to remain at over five months of imports.
clay says to Kountryway(3:10 PM):
sterling and dinar corp were shut down because of reserves thats all
sheila3 says to Mrs BGG(3:10 PM):
your welcome :)
doing90 says to Kountryway(3:11 PM):
very well My friend
(3:11 PM)THE OBSERVER - http://dinarupdates.com/observer/
rcookie says(3:11 PM):
PLEASE READ THIS NEXT PART...AND REMEBER THIS WAS IN AUGUST 2015...AND THEN READ THE JAN 2016 IMF LOI AND SEE WHERE THEY ARE....
David[X25SNDAUGTUKHUQWI6BTABCMVI@yahoo..] says(3:12 PM):
Whoops a bank run .Walkingstick: Iraqis are pulling their money out of banks for fear of bankruptcy. Not good for an RV .
Read more at: http://dinardetectives.com/ktfa-250/
Kountryway says to clay(3:13 PM):
Thanks.
subgirl says to sheila3(3:13 PM):
hey there friend :) can I give you a break now? :)
sheila3 says to subgirl(3:14 PM):
hey there you are lol
rcookie says(3:14 PM):
THIS HAS TO DO WITH REMOVING CURRENCY EXCHANGE RESTRICTIONS...AND USE OF MULTIPLE CURRENCY PRACTICE (MCP)...AND THE CBI'S INTENTION TO REMOVE EXCHANGE RESTRICTIONS AND MCP'S IN LINE WITH ACCEPTING ARTICLE VIII.....
feebslayer says(3:14 PM):
:S
rcookie says(3:15 PM):
27. The authorities are adopting a cautious approach to foreign exchange liberalization. Since the last Article IV consultation, Iraq has removed most of the exchange restrictions previously maintained. However, one new exchange restriction has been identified arising from the weekly limits on cash purchases by financial institutions from the CBI.5 Furthermore, Iraq continues to maintain a Multiple Currency Practice (MCP), which arises from the absence of a mechanism to ensure that the official exchange rate and the parallel market exchange rate do not deviate by more than two percent (see Informational Annex). The CBI confirmed its intention to remove the
Localcats says(3:15 PM):
i like that thankey
(3:15 PM).MOD.sheila3copy changed nickname to .MOD.sheila3!
David[X25SNDAUGTUKHUQWI6BTABCMVI@yahoo..] says(3:16 PM):
Just quoting the Guru Walking Stick
rcookie says(3:16 PM):
remaining exchange restrictions and the MCP, in line with Iraq’s objective of accepting Article VIII obligations. The authorities also removed the advance customs duty and income tax payment because of their negative impact on market volatility. They also committed to removing the weekly limits on cash transactions, once external conditions allow. Staff welcomed these steps and recommended that the CBI set the appropriate pace of liberalization on the basis of the volumesof auction sales and the behavior of the spread, which could be a good gauge of depreciation pressures. Staff underlined that AML/CFT concerns should be best addressed through the improvement of the relevant legislative and institutional framework.
sheila3 says to subgirl(3:16 PM):
gotta cook be back
subgirl says to sheila3(3:16 PM):
ok have fun lol
subgirl says to sheila3(3:16 PM):
:)
sheila3 says to subgirl(3:16 PM):
FUN LOL
subgirl says to sheila3(3:16 PM):
lol
rcookie says(3:17 PM):
WELL.........
foxmulder says(3:18 PM):
" ONCE EXTERNAL CONDITIONS ALLOW "
clay says to Kountryway(3:19 PM):
yw
cowboydownsouth says(3:19 PM):
Clay Interesting that treasury vault and several others are still selling researves sure wish BGG statement eirlier that we might see our money back would come true could sure use it.
rcookie says(3:19 PM):
YES...
clay says to cowboydownsouth(3:19 PM):
me too
clay says to cowboydownsouth(3:20 PM):
good to see ya
cowboydownsouth says(3:20 PM):
(v)
(3:20 PM)clay changed nickname to .VIP.clay!
clay says to cowboydownsouth(3:20 PM):
what did B
clay says to cowboydownsouth(3:20 PM):
BGG say about it missed it
john09 says(3:20 PM):
timeframe with the right conditions
clay says to john09(3:21 PM):
(y)
rcookie says(3:21 PM):
AND FINALLY THE CBI CENTRALIZATION MANAGEMENT PLAN FOR INTERNATIONAL RESERVES...
cowboydownsouth says(3:21 PM):
A while back he was saying we might see some money back from Dinar corp
foxmulder says(3:21 PM):
" ONCE EXTERNAL CONDITIONS ALLOW " the CBI set the pace !! { please step it up will ya } the first paragraph absence of mechanism ??? interesting
clay says to cowboydownsouth(3:21 PM):
oh ok
clay says to cowboydownsouth(3:21 PM):
remember that
rcookie says(3:21 PM):
28. The CBI plans to centralize the management of international reserves. Currently, CBI reserves are mainly managed through the Federal Reserve Bank of New York and other central banks. The CBI has as a long-term objective to move management of its reserves back to Baghdad, which will require planning and implementation of concrete steps. Staff supported the CBI’s intentions, but recommended to adopt a very gradual approach hinging on the build-up of adequate capacity at the CBI. Furthermore, with technical assistance from the Fund the CBI updated the 2008 guidelines for reserve management to bring them in line with the CBI Law and address quantitatively all key reserve management strategic objectives, such as Strategic Asset Allocation, credit risk limits, or liquidity needs. The next challenge for the CBI will be to effectively implement this new framework.
rcookie says(3:23 PM):
ANYONE CARE TO WAGER WHO WONT BE THE CBI GOVERNOR WHEN THOSE INTERNATIONAL RESERVE FUNDS ARE MOVED BACK TO BAGHDAD.............
eman4u55 says(3:25 PM):
WHEN THOSE INTERNATIONAL RESERVE FUNDS ARE MOVED BACK TO BAGHDAD.............
wmawhite says(3:25 PM):
The name state with an "S"
wmawhite says(3:26 PM):
starts
rcookie says(3:26 PM):
ANYONE INTERESTED IN THIS FROM IMF...OR WANNA DISCUSS WHERE MALIKI IS LIVING OR WHAT HOUSE HIS KID JUST BOUGHT.....
wmawhite says(3:26 PM):
Also the letter "A"
foxmulder says to wmawhite(3:26 PM):
bibi lol
rcookie says to wmawhite(3:27 PM):
:D
wmawhite says(3:27 PM):
How about asteroids......and damns
wmawhite says(3:27 PM):
dams
Hutch says to rcookie(3:27 PM):
Hey, sorry, coming in the tail end of this
(3:27 PM)THE BLOG - Dinar Daily NEWS Blog - http://www.dinarupdates.com/blog/
Hutch says to rcookie(3:28 PM):
Im Interested. and have a question based on previous statement.
eman4u55 says(3:28 PM):
sorry but i care more about when then who
rcookie says(3:28 PM):
GONNA POST THIS 1 MORE TIME IN CASE ANYONE MISSED.....
Hutch says to rcookie(3:28 PM):
Who would make a good replacement for CBT gov.? IYO
Hutch says to rcookie(3:29 PM):
CBI gov replacement
rcookie says(3:29 PM):
REMEMBER FROM ARTICLE IV CONSULTATION AUGUST 2015.....
Hutch says to rcookie(3:30 PM):
I have a guess, but would like your and Mr white opinion
rcookie says(3:30 PM):
27. The authorities are adopting a cautious approach to foreign exchange liberalization. Since the last Article IV consultation, Iraq has removed most of the exchange restrictions previously maintained. However, one new exchange restriction has been identified arising from the weekly limits on cash purchases by financial institutions from the CBI.5 Furthermore, Iraq continues to maintain a Multiple Currency Practice (MCP), which arises from the absence of a mechanism to ensure that the official exchange rate and the parallel market exchange rate do not deviate by more than two percent (see Informational Annex). The CBI confirmed its intention to remove the remaining exchange restrictions and the MCP, in line with Iraq’s objective of accepting Article VIII obligations. The authorities also removed the advance customs duty and income tax payment
rcookie says(3:30 PM):
because of their negative impact on market volatility. They also committed to removing the weekly limits on cash transactions, once external conditions allow. Staff welcomed these steps and recommended that the CBI set the appropriate pace of liberalization on the basis of the volumesof auction sales and the behavior of the spread, which could be a good gauge of depreciation pressures. Staff underlined that AML/CFT concerns should be best addressed through the improvement of the relevant legislative and institutional framework.
rcookie says(3:32 PM):
5 In addition, Iraq continues to impose two exchange restrictions identified in 2009 (see Informational Annex).CBI Foreign Exchange Sales(In billions of U.S. dollars)2013 2014 2015 1/Annual CashTransfers TotalMonthly average CashTransfers Total11.8 14.5 2.6 42.1 37.0 15.8 53.9 51.5 18.31.0 1.2 0.4 3.5 3.1 2.6 4.5 4.3 3.1Source: Central Bank of Iraq. 1/ For six months.
rcookie says(3:33 PM):
THEY ARE TELLING YOU EXACTLY WHAT THEIR INTENTIONS ARE AND WITH THE IMF (STAFF) BLESSINGS......
rcookie says(3:34 PM):
AND THE AML/CFT CONCERNS WERE ADDRESSED THROUGH LEGISLATIVE & INSTITUTIONAL FRAMEWORKS.....DONE...DONE...DONE...
Hutch says to rcookie(3:35 PM):
(y)
rcookie says(3:36 PM):
THIS IS WHAT THEY HAVE BEEN DOING IN MONITORING FINANCIAL RISKS IN BANKS.....
rcookie says(3:37 PM):
PLEASE STAY WITH ME HERE...VERY IMPORTANT...
eman4u55 says(3:37 PM):
({)
rcookie says(3:37 PM):
READ CAREFULLY...
rcookie says(3:38 PM):
he crisis is putting the banking system under stress, prompting the authorities to increase financial system monitoring and push ahead with the reform of state-owned banks.29. The crisis will delay the development of the banking sector. With end-2014 deposits of 22 percent of GDP and credit to the private sector of 7 percent of GDP, the banking system remains underdeveloped due to lack of competitiveness, dominance of state-owned banks, and limited business opportunities. The largeststate-owned banks, Rasheed and Rafidain, which account for 90 percent of banking sector assets, are severely undercapitalized and largely illiquid following years of quasi- fiscal operations. Private banks’ activities are mainly limited to trade finance transactions. There is a lack of automated banking systems, reporting practices are not up to International Financial Reporting Standards
rcookie says(3:38 PM):
(IFRS), and audits of financial statements are often of poor quality. Nonperforming loans (NPL) are likely increasing due to the effects of the conflict and the external shock, and data quality remains poor.6
rcookie says(3:38 PM):
6 NPL data should be treated with caution as Iraq does not compile Financial Soundness Indicators (FSI) that are in line with international standards. Upcoming technical assistance in this area from the Statistics Department of the IMF, funded by the UK Department for International Development, will enhance CBI capacity to monitor banking system developments.
rcookie says(3:39 PM):
OK!!!!!!!!
ljenterprises says(3:39 PM):
(y)
rcookie says(3:39 PM):
ANYBODY GETTING THE MAGNITUDE OF THIS...
eman4u55 says(3:40 PM):
my butt hurts
rcookie says(3:40 PM):
OVER AND ABOVE THE 2 STATE BANKS PRIVATIZE...
Hutch says to rcookie(3:40 PM):
reading
rcookie says to eman4u55(3:40 PM):
:D
clay says to eman4u55(3:40 PM):
u nut lol
eman4u55 says(3:40 PM):
:D
ljenterprises says(3:40 PM):
eman4u55: Too funny but true :D
clay says to ljenterprises(3:41 PM):
very true my butt hurts as well 8-|
rcookie says(3:41 PM):
WHAT HAVE YOU HEARD ME TALK ABOUT HUGE THAT HAPPENED RECENTLY ABOUT IFRS....
rcookie says(3:41 PM):
THINK 1-7-16
rcookie says(3:41 PM):
CBI
mimi3 says to rcookie(3:41 PM):
in layman's terms what does it mean?
ljenterprises says(3:42 PM):
Every thing you talk about is HUGE 8-)
Hutch says to rcookie(3:42 PM):
Bad debt
Hutch says to rcookie(3:42 PM):
substandard loans
rcookie says(3:42 PM):
ON 1-7-16 THE CBI MADE 2 ANNOUNCEMENTS
rcookie says(3:42 PM):
THE 1ST WAS GOLD COIN PROGRAM....
rcookie says(3:43 PM):
ANYONE REMEMBER #2
luvmydream says(3:43 PM):
international accounting standards
joyojoy says(3:43 PM):
international framewrk
rcookie says(3:43 PM):
GIVE THAT LADY A CIGAR!!!
rcookie says(3:44 PM):
OH YEAH...
joyojoy says to luvmydream(3:44 PM):
(y)
(3:44 PM)THE OBSERVER - http://dinarupdates.com/observer/
subgirl says to luvmydream(3:44 PM):
(y) WOW!
luvmydream says(3:45 PM):
it was a really awesome announcement :)
Cricket22 says(3:45 PM):
That's impressive! (y)
Cricket22 says to rcookie(3:45 PM):
Please don't quiz me, cuz I will fail :D
subgirl says to joyojoy(3:45 PM):
you did good too!!! (y)
clay says to luvmydream(3:46 PM):
r u an imposter (lol)
subgirl says to clay(3:46 PM):
:D
rcookie says(3:46 PM):
IT WAS THE ORDER FROM CBI TO TRANSITION FROM UNIFORM ACCOUNTING STANDARDS...TO IAS INT'L ACCOUNTING STANDARDS...WHICH DEALS WITH AML/CFT FinCEN BSA...laws...and more importantly the ifrs international financial reporting standards are what every stock market & bourse in the world uses for financial reporting of publicly traded companies....!!!!!!!!
clay says to subgirl(3:46 PM):
lol
luvmydream says to clay(3:46 PM):
depends on who im posing as i guess ;)
clay says to luvmydream(3:46 PM):
our girl lol
subgirl says to rcookie(3:47 PM):
WOW!
eman4u55 says to rcookie(3:48 PM):
can you guys please do a call :)
7shiela says(3:48 PM):
So does that mean RV today?
rcookie says(3:49 PM):
THIS IS ALSO WHY THEY MADE THE ANNOUNCEMENT OF HAVING 2 SETS OF BOOKS FOR 2015....JAN THRU APRIL UNDER UNIFORM ACCOUNTING AND MAY THRU DEC WITH IAS.....THEN 2016 AND ON IAS ONLY.....HELLO ISX!!!!!!!!!!!!!!
eman4u55 says to 7shiela(3:49 PM):
:D
Cricket22 says to eman4u55(3:49 PM):
:)
7shiela says(3:49 PM):
(lol)
mimi3 says to 7shiela(3:49 PM):
great question!
7shiela says(3:49 PM):
I'm ready
Cricket22 says to 7shiela(3:50 PM):
Ohhhhh...me 2 :)
thomas1 says(3:50 PM):
good afternoon may ask a ?
7shiela says(3:50 PM):
I've been here almost 7 years
mimi3 says to 7shiela(3:50 PM):
me too
subgirl says(3:51 PM):
[3:49 PM] rcookie: THIS IS ALSO WHY THEY MADE THE ANNOUNCEMENT OF HAVING 2 SETS OF BOOKS FOR 2015....JAN THRU APRIL UNDER UNIFORM ACCOUNTING AND MAY THRU DEC WITH IAS.....THEN 2016 AND ON IAS ONLY.....HELLO ISX!!!!!!!!!!!!!!
7shiela says(3:51 PM):
been a long ride, but I know it will be worth it
rcookie says(3:51 PM):
NOW THINK ABOUT THAT...ALONG WITH THE ANNOUNCEMENT LAST WEEKEND OF THE EXECUTIVE DIRECTOR OF ISX...ANNOUNCING PROVINCIAL FINANCIAL CENTERS...THAT WILL RECEIVE THE DATA FROM THE ESX & ISX...AND TRANSMIT TO LICENSED BROKERAGE HOUSES AND BANKS FOR TRADE & EXCHANGE TRASACTIONS.....AL WITHIN 6 SECONG TIME LAG.....
thomas1 says(3:51 PM):
what is all this over dinar guru land that poppy is say a rv for sure by feb 1 ,2016 . i know poppy and he has never for sure before
rcookie says(3:52 PM):
SECOND*
rcookie says(3:53 PM):
ITS FEB 4TH
eman4u55 says(3:53 PM):
8-|
Cricket22 says to rcookie(3:53 PM):
My birthday is the 25th :)
buck says(3:54 PM):
by end of february
eman4u55 says to Cricket22(3:54 PM):
just in case im not here HAPPY BIRTHDAY (F)
Cricket22 says to eman4u55(3:55 PM):
Thank you! You are the first then. :)
Cricket22 says to eman4u55(3:55 PM):
:-*
rcookie says(3:56 PM):
ANYONE INTERESTED...HERE IS THE LINK FOR 2015 ARTICLE IV CONSULTATION AND REQUEST FOR PURCHASE UNDER THE RAPID FINANCING INSTRUMENT—PRESS RELEASE; STAFF REPORT; AND STATEMENT BY THE EXECUTIVE DIRECTOR FOR IRAQ .....IT IS AWESOME ...AND SHOULD BE READ AGAINST THE 2016 IMF LETTER OF INTENT/MEFP/TECHNICAL MOU.....
rcookie says(3:57 PM):
https://www.imf.org/external/pubs/ft...15/cr15235.pdf
subgirl says to rcookie(3:57 PM):
thank you so much for that link :)
subgirl says to rcookie(3:57 PM):
and all you do here!!! :)
rcookie says to Cricket22(3:57 PM):
(F)
rcookie says to subgirl(3:58 PM):
(F)YVW
Cricket22 says to rcookie(3:58 PM):
(F)
subgirl says to rcookie(3:58 PM):
It is exciting to see all the deadlines being met and even ahead of time!!! (y)
rcookie says to subgirl(3:59 PM):
YES IT SURE DOES SUBBY!!!!
Cricket22 says to subgirl(3:59 PM):
(y)
subgirl says to Cricket22(3:59 PM):
(y)
(4:01 PM)THE BLOG - Dinar Daily NEWS Blog - http://www.dinarupdates.com/blog/
jeffjane says to subgirl(4:04 PM):
I am getting ready to finish the wine barrel from last night. Love the news.
subgirl says to jeffjane(4:04 PM):
oh no lol
rcookie says(4:05 PM):
THESE REPORTS ARE SO VERY DETAILED AND PROVIDE ALL THE INSIGHT YOU NEED TO FOLLOW WHAT IS GOING ON......IMF LETTER OF INTENT (LOI)/MEMORANDUM OF ECONOMIC & FINANCIAL POLICIES(MEFP)/AND TECHNICAL MOU FOR 2011 & 2016....THE 2016 BUDGET....AND THE 2015 ARTICLE IV CONSULTATION AND REQUEST FOR PURCHASE UNDER THE RAPID FINANCING INSTRUMENT—PRESS RELEASE; STAFF REPORT; AND STATEMENT BY THE EXECUTIVE DIRECTOR FOR IRAQ....SHOULD BE REQUIRED READING FOR ALL IN THIS INVESTMENT...AND WILL RETURN MUCH PEACE & UNDERSTANDING AND LESS GURU SPECULATION
eman4u55 says to jeffjane(4:05 PM):
http://www.folh.net/meetings.html?gc...Fc6PHwoddzYDOw :D
jeffjane says to eman4u55(4:06 PM):
LOL
rcookie says(4:07 PM):
ARE YOU A COOPER...
eman4u55 says(4:08 PM):
i think i saw that movie
eman4u55 says(4:09 PM):
i got to go eat bbl
clay says(4:09 PM):
later buddy
buck says(4:09 PM):
does the loading of the e-cards require (or at least benefit from) a change of currency value
clay says(4:09 PM):
enjoy
buck says(4:11 PM):
a simple "yes" will suffice lol lol lol
clay says(4:11 PM):
guess not lol
buck says(4:12 PM):
wow lol
buck says(4:13 PM):
think no one knows...i think someone has an opinion lol
1glen says to buck(4:15 PM):
From what I remember the answer is YES
buck says to 1glen(4:16 PM):
thank you sir, i thought so as well but was not sure.....
clay says to 1glen(4:17 PM):
I sure hope so
wmawhite says to rcookie(4:17 PM):
It appears that all of this detailed information supports what the IMF made available to the world in the Technical Letter of Agreement between the CBI, GOI and the IMF.
1glen says to buck(4:17 PM):
You are very welcome. From what I remember there had to be an international valued currency so that the Iraq citizens could use them where ever they were
(4:17 PM)THE OBSERVER - http://dinarupdates.com/observer/
buck says to 1glen(4:19 PM):
that is what i always heard....to be used worldwide....
Baxter1243 says(4:22 PM):
Where..oh Where is our M O N E Y??
clay says to Baxter1243(4:23 PM):
you tell me lol
Baxter1243 says(4:24 PM):
They buy Commercial Jets.. they buy F 16.. they buy missles.. they build new malls... they buy this and that..and yet... we havent seen a dime
Baxter1243 says(4:24 PM):
whats wrong with this picture
Baxter1243 says(4:24 PM):
yet.. they are going broke supposedly (lol)
clay says to Baxter1243(4:25 PM):
yep cant quite figure it out yet after almost 6 yrs (lol)
maine says(4:25 PM):
they have been using the petro dollar not the dinar
clay says to maine(4:25 PM):
yep we know that
Baxter1243 says(4:25 PM):
Clay..well my 11th year starts March 15.... and on that day.... the dinar goes on the closet shelf
clay says to maine(4:25 PM):
waiting for the dinar
maine says(4:25 PM):
thats right
clay says to Baxter1243(4:25 PM):
cant bla,e ya buddy
clay says to Baxter1243(4:26 PM):
blame
Baxter1243 says(4:26 PM):
Im gonna get away for awhile
clay says to Baxter1243(4:30 PM):
me too
Baxter1243 says(4:30 PM):
You have more storms today clay?
clay says to Baxter1243(4:30 PM):
no not till next week then more snow
clay says to Baxter1243(4:30 PM):
need to move by you and fish
Baxter1243 says(4:31 PM):
I saw on the news where Winston Salem got hit pretty hard
clay says to Baxter1243(4:31 PM):
cant wait till this is over
Baxter1243 says(4:31 PM):
Clay...come on down
clay says to Baxter1243(4:31 PM):
planning to with the wife ASAP
clay says to Baxter1243(4:31 PM):

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