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1-800#'s and Instructions for Currency Redemption/Exchange

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VERITAS Q&A for December 4, 2016

Received via email by VERITAS at 11:05 PM EST. ~ Dinar Chronicles THIS INFORMATION IS FOR EDUCATIONAL PURPOSES ONLY. CONSULT A LICENSED P...

Friday, September 2, 2016

News Time w/ rcookie, Mr. White at Dinar Updates 9/1/16 - Part 2

NEWSTIME WITH RCOOKIE and MR. WHITE Thursday, September 1, 2016 - Part 2

david334 says(7:17 PM):

Revaluation has to b=have HCL in [place?

rcookie says to cricket22(7:18 PM):

DAVID= ADAM MONTANA.......

hutch says to david334(7:18 PM):

ONLY IF YOU ASK ADAM MONTANA

david334 says(7:18 PM):

Thats a low blow. The HCL is not a law its a n aggreement

wmawhite says to david334(7:19 PM):

rcookie went over then items used to determine the value of a currency............I do not remember anything on the list about an HCL.

david334 says(7:19 PM):

Okay but I did not get that from hana Montana

rcookie says to david334(7:19 PM):

YES CALLED DETRMINANTS...

david334 says to rcookie(7:20 PM):

11 physical asst not in top 20

wmawhite says(7:21 PM):

the HCL is an internal issue to Iraq and Kurdistan and pertains to oil revenues.

It is a budget issue.

hutch says(7:22 PM):

OK LETS MOVE ON TO THE NEXT NEWS ARTICLE ....

8/28/2016 0:00

BAGHDAD - Al- Sabah

stressed banking expert Samir Abbas high compactness proportion of the total money supply among the citizens and the impact on the business market requires activating the role of the Iraq Stock Exchange in investment and supporting the national economy to attract.

To support the role of the stock market in the economy Abbas suggested in an interview for the "morning" do feasibility studies by the joint - stock companies to increase their capital to the uses of those increases and give a clear opinion in connection with it to the Securities Commission and the Central Bank of Iraq before approving increases in the capital.

He also called for the development of monitoring and follow - up and evaluation system for the performance of the contribution and determine the kinks and negligence and violation of law firms the regulations in force, stressing the importance of the contribution to provide disclosure of monthly, quarterly and annual that transparency and corporate reports provide annual financial results in a period not exceeding 60 days of fiscal year end.

For the purpose of activating the role of the Iraq Stock Exchange in attracting foreign investment Abbas also suggested the establishment of the Deposit Insurance Corporation and speed up the enactment of the legislation in order to protect public deposits and encourage them to go to the banks and to benefit from the services they provide, and to achieve the central objective to raise the savings ratio to calculate the proportion of compactness and address the lack of liquidity in banks and its impact on the cash market trading.

He said Abbas importance of promoting and activating the central bank initiative to lend to banks for financing small and medium enterprises to achieve economic and social goal, as well as the banks and the Iraqi market for securities to benefit from the launch of the central bank 's government bond interest rate of 8 percent for a period of two years for the purpose of reimburse contractors and ensure prepared to give them banking facilities of all kinds of bonds by banks as well as to encourage citizens to acquire in order to withdraw liquidity for internal cash trading.

He influenced Iraq Stock Exchange greatly influenced by the conditions experienced by the country since 2014 because of falling global oil prices, and the costs of the war on terrorism, and other economic accumulations led to the decline in the growth rate in GDP (0.5 percent) and high unemployment rates to 50 percent and poverty to 25 percent and inflation to 2 percent fall in the savings rate of the Central Bank of Iraq to the extent of 20 percent.

hutch says(7:24 PM):

RCOOKIE ... MR WHITE, CARE TO COMMENT ?

rcookie says to david334(7:24 PM):

SO....ABBAS STATING THAT DUE TO COMPACTNESS LEVEL OF MONEY SUPPLY IN MARKET AND IMPACT ON THEIR BUSINESS MARKET REQUIRES.....ACTIVATING THE IRAQ STOCK EXCHANGE...........IN ATTRACTING INVESTMENT AND SUPPORT OF THE NATIONAL ECONOMY....

TO SUPPORT THE ISX ROLE...TO DO FEASIBILITY STUDIES BY THE JOINT STOCK COMPANIES TO INCREASE CAPITALIZATION AND THE USES OF THEIR INCREASES AND RELAY INFORMATION TO SEC AND CBI BEFORE APPROVING CAPITAIZATION INCREASES.....

CALLING FOR INCREASED MONITORING AND FOLLOW UP....AND A SYSTEM FOR PERFORMANCE EVALUATION FOR TO OUTLINE THE KINKS IN THE SYSTEM AND REGULATORY VIOLATIONS THROUGH DISCLOSURE OF TRANSPARENT MONTHLY AND QUARTERLY & ANNUALCORPORATE REPORTS WITH FISCAL RESULTS WITHIN 60 DAYS OF END OF FISCAL YEAR...

TOWARD ACTIVATING THE ISX AND ATTRACTING FOREIGN INVESTMENT...HE ALSO ASSERTS THE NEED TO SPEED UP ESTABLISHING THE DEPOSIT INSURANCE CORPORATION AND ENACTMENT OF LAWS TO PROTECT PUBLIC DEPOSITS AND ENCOURAGE CITIZENS TO UTILIZE BANKS AND THE SERVICES THEY PROVIDE AS A MEANS OF RAISING THE SAVINGS RATIO IN CLCULATING COMPACTNESS AND ADDRESS LIQUIDITY CRISIS IN BANKS AND CASH IN MARKETPLACE....

LASTLY...PROMOTING CBI TO ACTIVATE CBI INITIATIVE TO LEND TO BANKS FOR FINANCING SME'S TOWARD ECONOMIC & SOCIAL GOALS...BANKS, ISX, AND LAUNCH OF CBI BOND INTEREST RATE OF 8% FOR 2 YEARS...AND SAYS THE ISX NOT LAUNCHING DRIVEN BY CONDITIONS EXPERIENCED SINCE 2014....

rcookie says(7:29 PM):

SO LAUNCH THAT PUPPY !!!!....SAYS ABBAS....AND THE MONEY SUPPLY COMPACTNESS LEVEL!!

hutch says(7:29 PM):

CUT HER LOOSE !!!!

jimplants says(7:29 PM):

LAUNCH UM!!!

hutch says(7:30 PM):

ANY QUESTIONS OR COMMENTS SO FAR ?

david334 says to wmawhite(7:31 PM):

?

hutch says to david334(7:32 PM):

GO

david334 says to hutch(7:32 PM):

8% internal rate should help the currency as well ?

wmawhite says to david334(7:33 PM):

The value of the currency is relative to its value outside of Iraq.

wmawhite says to david334(7:33 PM):

The 8% will hopefully help the banks and in return help the CBI.

david334 says to hutch(7:34 PM):

thx

wmawhite says to david334(7:34 PM):

I will pay you 8% if you give me (the bank) you money today to use.

wmawhite says to david334(7:34 PM):

your*

rcookie says(7:34 PM):

ABSORB...ABSORB...ABSORB..

wmawhite says(7:34 PM):

fimished

hutch says(7:35 PM):

ANY OTHER COMMENTS RCOOKIE OR MR WHITE BEFORE WE OPEN UP AN OPEN Q&A?

wmawhite says to rcookie(7:35 PM):

yep

david334 says to hutch(7:35 PM):

The US $ would rise if the fed tighten no

rcookie says(7:35 PM):

GOT 1 OTHER ...

wmawhite says(7:35 PM):

no

rcookie says(7:35 PM):

Alnasiri: calling on the government to establish the Supreme Council for the private sector

The member of the Forum of Baghdad Advisory Council Economic Government to establish the Supreme Council for the private and pointed to the Gaza told Economy News that the main pillars of economic reform is to give an active role for the private sector in the process economic management and activation session of the Economic through involvement in economic decision-making in areas that stimulate productive sectors in agriculture, industry, energy and tourism to diversify its 2017 budget resources

and reduce dependence on oil ratio as a major supplier of the budget, according to government estimates of the allocations planned for the oil revenues and non-oil revenues in the budget and Hmaattalb of the government to take quick action this year of the founding of (the Supreme Council for the private sector) and consists of heads unions, organizations and associations and links representing the private sector and effective and influential in achieving the partnership with the public sector in achieving the axis (III) of the government program (to encourage the shift to the private sector)

and materials branching than in agriculture, industry and banking, in part, finance and investment and to be among the members of the council of representatives from the central bank and the Ministry of finance and planning, industry, agriculture, electricity and body Alasttmarrosoq Iraq Stock Exchange and the Association of Iraqi private banks and representatives of financial committees and the economy

and invest in the House of representatives of the Council and is linked to the Secretariat-general of the Council of Ministers and concentrated main task of the Council in the central supervision of Cun support and funding, investment and operation of the projects that contribute to the diversification of administration non-oil budget resources with the knowledge that the experience of such a council has been successful in some countries that have moved to the productive economy and girl national economy by relying on the private sector.

wmawhite says to david334(7:35 PM):

Exactly........

jeffjane says to hutch(7:36 PM):

?

wmawhite says to david334(7:36 PM):

Too much supply lowers the value.

hutch says to jeffjane(7:36 PM):

HANG ON

hutch says(7:37 PM):

COMMENTS ON THIS ARTICLE MR WHITE OR RCOOKIE?

wmawhite says(7:37 PM):

no

rcookie says(7:37 PM):

OUR BOY NASIRI SPEAKING OUT AGAIN...THIS TIME ABOUT FORMATION OF SUPREME COUCIL FOR PRIVATE SECTOR...

rcookie says(7:38 PM):

ECONOMIST & BANKING EXPERT NASIRI CALLS FOR IMMEDIATE IMPLEMENTATION OF SUPREME COUCIL FOR PRIVATE SECTOR FOLLOWING THE SUCCESS TEMPLATE OF THRIVIN NEIGHBORING COUNTRIES INVOLVED IN ECONOMIC POLICY & ACTION DECISION MAKING IN AGRICULTURE, ENERGY, INDUSTRY & TOURISM AS PART OF DIVERSIFYING 2017 BUDGET REVENUES IN LINE WITH IMF MANDATES,...

rcookie says(7:41 PM):

agriculture, industry and banking, in part, finance and investment and to be among the members of the council of representatives from the central bank and the Ministry of finance and planning, industry, agriculture, electricity and body Alasttmarrosoq Iraq Stock Exchange and the Association of Iraqi private banks and representatives of financial committees and the economy

rcookie says(7:41 PM):

THATS WHO WILL COMPRISE THIS PRIVATE SECTOR COMMITTEE..

hutch says(7:41 PM):

WOW !

wmawhite says to rcookie(7:42 PM):

Sounds like one of those currency commmittees that the IMF descripes.

wmawhite says to rcookie(7:43 PM):

describes

IcemanAKASnake says to rcookie(7:43 PM):

???

rcookie says(7:43 PM):

YES...IT DOES..

rcookie says(7:43 PM):

ALRIGHT DU...LETS BRING THE ???????'S

hutch says(7:44 PM):

OK LETS MOVE INTO A OPEN Q&A….. BRING THEM ON !

jimplants says(7:44 PM):

WHEN

hutch says to IcemanAKASnake(7:44 PM):

GO

IcemanAKASnake says to rcookie(7:44 PM):

What type of controls or duties would they enact/handle ?

rcookie says to IcemanAKASnake(7:45 PM):

ANY AND EVERYTHING THAT WILL SUPOORT & FACILITATE PRIVATE SECTOR INVESTMENT...

IcemanAKASnake says to rcookie(7:45 PM):

THX

jeffjane says to hutch(7:45 PM):

Is that a way to pull in notes? meaning the 8%? Wish the US gave me 8% to get my money.

1bobby says(7:46 PM):

?

hutch says to 1bobby(7:46 PM):

HANG ON ONE SEC PLEASE

rcookie says to IcemanAKASnake(7:46 PM):

AND LIKE WE WENT OVER LAST WEEK IN CALL....USING THE EGYPTIAN TEMPLATE OF FOREIGN INVESTMENT SERVICES COMPLEX...WHERE THEY ARE PUTTING THESE RESOURCES AND ASSETS UNDER 1 ROOF ....TO SIMPLIFY AND STREAMLINE TTHE WHOLE PROCESS..

IcemanAKASnake says to rcookie(7:47 PM):

THX again..

hutch says(7:48 PM):

jjon HUTCH: Is that a way to pull in notes? meaning the 8%? Wish the US gave me 8% to get my money.

bubbles says(7:48 PM):

?

hutch says to bubbles(7:49 PM):

HANG ON PLEASE

hutch says to 1bobby(7:49 PM):

GO

1bobby says(7:49 PM):

What or how big of a percentage does the Investment Law play in getting the private sector off the ground

rcookie says to IcemanAKASnake(7:49 PM):

YES...AND USED AS MECHANISM TO INSTILL CONFIDENCE AND STABILITY TO BANKING SECTOR..

rcookie says(7:50 PM):

SORRY FOR JJON..

rcookie says(7:50 PM):

HEY 1 BOBBY!!

jeffjane says to rcookie(7:50 PM):

LOL. I feel like you do not care. KIDDING

1bobby says(7:51 PM):

Good evening to you and your team

hutch says to jeffjane(7:51 PM):

IF HE DIDNT.... HE WOULDNT BE HERE !

hutch says to jeffjane(7:51 PM):

KIDDING

jeffjane says to hutch(7:51 PM):

Good point

hutch says to rcookie(7:52 PM):

1bobby: What or how big of a percentage does the Investment Law play in getting the private sector off the ground

rcookie says(7:53 PM):

THE INVESTMENT LAW IS INTEGRAL IN ATTRACTING FOREIGN INVESTMENT AS OTHER LAWS...COMPANIES..CHAMBER OF COMMERCE.. LICENSING...AND THE ENTIRE BANKING...NATIONAL DEPOSIT INSURANCE...CBI AND FEDERAL BANKING LAW...AND JUST THINK ABOUT THE ACCESSABILITY OF ESSENTIAL SERVICES ELECTRIC ..WATER & SEWERAGE...

hutch says to bubbles(7:53 PM):

GO

bubbles says(7:54 PM):

The gas & oil and HCL are 2 different things right? Does eirther one have to be done? Sorry if you covered it I missed it having weather issues and keep getting kicked.

1bobby says(7:54 PM):

Thank you. Appreciate all the work everyone does on this site

hutch says to 1bobby(7:55 PM):

THANK YOU AS WELL BOBBY !!!!

rcookie says to 1bobby(7:55 PM):

RIGHT BACK AT YA 1BOBBY....YOU ARE A ROCKSTAR!!!

hutch says(7:57 PM):

WHILE WAITING FOR THAT ANSWER.... ANY OTHER QUESTIONS OR COMMENTS?

rcookie says(8:01 PM):

BUBBLES DID THAT HELP...

bubbles says(8:02 PM):

yes thank you

rcookie says(8:03 PM):

COME ON DU....BRING IT..

hutch says(8:03 PM):

ANY OTHER QUESTIONS.... BEFORE WE SAY GOODNIGHT?

THANK YOU RCOOKIE AND MT WHITE FOR YOUR TIME AND EFFORTS ON A DAILY BASIS AND THANK YOU ALL FOR BEING HERE WITH US TONIGHT. HAVE A GREAT EVENING !

jimplants says(8:05 PM):

thank you folks for your time BE BLESSED

rcookie says(8:05 PM):

THANK YOU ALL FOR BEING AT NEWSTIME!!

hutch says(8:05 PM):

ALL YOURS MS MAGS !!!!

IcemanAKASnake says(8:05 PM):

THX YALL

subgirl says to hutch(8:05 PM):

Thank you Hutch for being the Moderator! and bringing in the news!!!

kalis says(8:05 PM):

darn just get here ...

rcookie says(8:06 PM):

THANK YOU MISS MAGS!!!!!......FOR EVERYTHING YOU DO!!!...

zz says(8:06 PM):

Thank you all for all you do!

kalis says(8:06 PM):

hutch says(8:06 PM):

THANKS FOR YOUR HELP SUBBY ! DID YOUR AGENT GET YOUR CONTRACT SIGNED YET?

subgirl says to kalis(8:06 PM):

It will be in the forum shortly!!

wmawhite says to bubbles(8:06 PM):

IMO...........

rcookie says(8:06 PM):

GREAT QUESTIONS AND CONVERSATION...

kalis says to subgirl(8:06 PM):

you are the best .

Carl_H says(8:06 PM):

Thanks Guys & ladies of DU!!!!

wmawhite says to bubbles(8:06 PM):

both of those issues are revenue/budget issues.

Charlie&Gracie says(8:06 PM):

Thank you all for bringing us such good news ! Appreciate all of you very much !!

subgirl says to kalis(8:07 PM):

thank you

wmawhite says to bubbles(8:07 PM):

Not required in order for the CBI to set a new value to the IQD.

subgirl says to hutch(8:07 PM):

love that! lol

rcookie says to Charlie&Gracie(8:07 PM):

TY...RIGHT BACK AT YA CHARLIE!!

bubbles says to wmawhite(8:07 PM):

thank you

wmawhite says to bubbles(8:08 PM):

yw

kalis says to subgirl(8:08 PM):

i can wait until rvs so i can get wedys burger instead of the 49 cent at mcdonalds lol

1bobby says to wmawhite(8:08 PM):

Does the HCL also protect outside oil companies doing business in Iraq?

kalis says to subgirl(8:09 PM):

??? is there a call tonight ?

subgirl says to kalis(8:10 PM):

no not tonight...

wmawhite says to 1bobby(8:10 PM):

the HCL was orginally between the Kurds and the GOI, excluding the oil complanies.

kalis says to subgirl(8:10 PM):

ok . good cause my phone is dead

subgirl says to kalis(8:11 PM):

aweee! well charge it!!! and listen to the call from last Tuesday night!

wmawhite says to 1bobby(8:11 PM):

it outlines who is recieving what (the GOI or Kurds).....which is still required to pay the oil companies.

1bobby says to wmawhite(8:11 PM):

Ok thanks. I thought it had provisions that provided a somewhat legal protection of said companies

wmawhite says to 1bobby(8:11 PM):

receiving*


Back to Part 1

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