Jan 31, 2012
Highlights/Summary & Replay of CC
Thanks to Mark for the summary
Highlights/Summary of Tonights News:
Mike Recaps and summarizes the Latest News from Iraq...
It is all good....WOW
Central Bank Iraq seems to be defending itself...seems to have a plan of action....talked about being ready with the new currencies..
talked about the implementation of the deleting the 3 zeroes and adding value to the current currency
remember these are two separate things...deleting the zeros is one part of that and then they need to add value which is increase the rate the dinar trades at to the dollar...thats what the articles are telling us tonight
dont get confused between those two things and start worrying again....
you own the physical currency..whatever happens to the exchange rate you get to take advantage of that from this point forward
no matter what they say about anything
you get to cash in your dollars for that exchange rate
We've heard that again in the articles as we are moving forward
Considering putting something in front of Parliament in the next few days..which I believe is ability to put some of the the financial laws in place to go forward. maybe for the Iraqi stock exchange and financial situations that will go forward ..not that they are needed but it kinda cleans it up and makes the red tape alot easier for that to happen....
Central Bank is Ready....both barrels loaded- protecting themselves from all the criticism now...No longer hearing them using terminology if or maybe we are doing this....ITS WHEN ..and WE ARE DOING THIS....we are moving forward and we have the power to do this and we dont
think it will hurt the economy - we have it under control.......
Very Different articles now since the beginning of the year...Very very confident with the process.....We've read about the process GOING THRU....dont get caught up in the process - it is going thru Its going to be good....
Talabani is in town - Pitying all the fools who were not listening before because now they are all listening ...extreme diplomatic pressure from the United States and other countries and probably from different agencies to help them get their political situation resolved
We've seen movement on the Kuwait front....ready to close the compensation end of this and be quiet about that...they are normalizing relations ...want to build an embassy in Baghdad
Things going very well on Kuwait front....should start seeing that ease and see UN starting backing off ..possibly see lifting of chapt 7 - may come simultaneously with everything or it could happen before..
remember its one step in the process
dont get caught up on what has to happen before anything...everything will flow progressively.
Remember Truly the process I think the most important process when we get to it is the releasing of the smaller denoms
because you have to have value before you do that.
All these other things need to be window dressing and they need to be done before that actually happens and they can all happen simultaneously
We read about the 2nd reading on Oil & Gas Law and the Budget
Political leaders stating 48 hrs to resolve anythings they have going on.
We've Seen movement Erbil - Power sharing
Starting to hear about them wanting to take care of their citizens....starting to getting extra dollars to them in compensation
as well as extra food to them to get the situation in the streets better...
You will start to see that become the Focus of the Parliament as they move forward - start to take care of their citizens....they want them to be able to take the value thats added and be able to use it to buy things and make their lives more comfortable
They are moving with this....everythings in place
Remember what Shannan said "we need to be patient"....dont just look for one thing to happen......many things can happen simultaneously...
Keep the faith and move forward...dont get caught up on dates and rates
Get caught up on the News going forward...next thing we are looking for
is the ministers to be put up there and see the government say they are fully seated and we have a government...
Once they have a stable government in place.....CBI will feel comfortable with their plan and they will start to move forward with their plan at a much quicker rate once they know that the government is in place
VERY VERY GOOD DAY...VERY POSITIVE STEP FORWARD FOR US AND IRAQ
GET R DONE
FAVORITE ARTICLE OF THE NIGHT...
Central: the smuggling of foreign currency is exaggerated
BAGHDAD - Al Sabah
Description of the Deputy Governor of the Central Bank of Iraq for the appearance of Mohammed are handed down on the smuggling of foreign currency outside the country that carries a high degree of exaggeration and serve political purposes. He admitted in a press statement made by the Agency (NINA) and the presence of counterfeit currency in the market and trading in foreign currency and smuggling, but he said: It's not as high of an exaggeration that is being talked about. He added: »The indicators that we have is that what is significant and of counterfeit currency in the market is the proportion of normal and within normal limits. Which is found in all countries of the world does not have an indication for such an extraordinary rumors about the flow of counterfeit local currency of some countries and the withdrawal of the dollar against which the level of such exaggerated media reports about this matter «. He continued: »be the case, at the same time, makes us vigilant and wary of economic crime, because Iraq and Exhibition targeted by several methods, including economic sabotage». And Mohamed Saleh: «that such things might occur from merchants crises Auszar currency and money laundering who handle crime economic, but this is not the level of organized action of certain countries to Iraq's economy, at least at the present time and what is significant to our numbers and follow-up «.
And the measures undertaken by the central bank to maintain the stability of the local currency compared to the dollar rate, especially in the current situation and the openness of the Iraqi market to neighboring countries and increase the drag on the dollar, he said: «The policy of the central bank and clear in the promotion of the Iraqi dinar compared with other currencies, the control indicators of inflation in the market and liquidity in the financial ratios between the deposit and demand and the purchasing power of the public, and we are looking for price stability for the Iraqi currency and raise the value of an Iraqi dinar with the dollar and seek to restructure the dinar in the market. This policy is made up of Iraq is the highest in its history, reaching $ 60 billion ».. Saying: »that foreign currencies in the Central Bank is a cover of the Iraqi currency and all dinars covered with foreign currency, so there is no fear of the high price of foreign currency because if it was the withdrawal of all foreign currency from the market, the central bank has to cover the market need and without any confusion in the currency regime in Iraq ». He said:» that the withdrawal of dollars from banks is normal, because Iraq is today the biggest market for neighboring countries, especially Syria, Iran and Turkey. And the circumstances of those countries are now of international sanctions made by moving directly to the Iraqi market to conduct economic routinely the case in all the systems which are subject to economic pressures or commercial «. He said: «The Maémna in the subject of withdrawal of the dollar in large quantities is to not be for the purposes of money laundering or trades illicit crime, terrorism or any other ways lead to damage to the economy of internal or external to Iraq. That's why we are keen not to withdraw foreign currency from the central bank only under certain conditions and after complete transactions necessary to prove the course of this money «.
The I.Q.D. Team, Ltd.'s News Articles Coverage
for Tuesday, January 31, 2012
Member of the parliamentary financial denies that caused the deletion of zeros from the currency of financial and administrative corruption
Policy of raising the Iraqi dinar against the dollar will contribute to strengthen the Iraqi economy
Central studying the process of removing zeros
Central Bank: the smuggling of foreign currency is exaggerated
Iraq: Policy Council will unite the Iraqi letter and will contribute to the success of the Arab Summit
FM confers with UN official on closing Kuwait's compensation dossier
House of Representatives to raise its next Thursday
Source for "news": U.S. pressure to resolve the crisis .. And a meeting of the three presidencies in (48) hours
Committee on Oil and Energy will host a parliamentary Minister of Oil
Finance is considering the parliamentary compensation items of the ration amounts of money
Submit a proposal to increase the salaries of retirees today
NEWS ARTICLES LINK
What a great night of news, analysis and discussion ...listen to the call for all the rest of the news shared....we are getting closer every day......GET R DONE
Conference Call Replay - Jan. 31, 2012
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