BACKDOC » October 7th, 2016
GOOD EVENING FAMILY. I WANTED TO SHARE SOME THOUGHTS WITH YOU ON IRAN WHICH MAY HAVE OVERTONES WITH ITS' SHIA BROTHER AND POSSIBLY OTHER COUNTRIES AS WELL.
FOR STARTERS, THIS ARTICLE CONTINUES TO CONFIRM WHAT I HAVE SHARED IN THE PAST ABOUT IRAN. (See article below)
AS THEY STATE HERE, IRAN HAS BEEN USING A DUAL PAYMENT SYSTEM SINCE THEIR SANCTIONS WERE IMPOSED. WE’RE ALL AWARE OF IRANS FOREX VALUE WHICH CAN BE EASILY SEEN ON MOST CURRENCY APPS.
THEY CONTINUE TO STATE THAT THEIR FOREX VALUE WILL GRADUALLY WORK ITS WAY UP TO ITS REALITY VALUE OR FULL MATURE VALUE BY MARCH.
THEY STATE THEY HAVE BEEN IN THE PROCESS OF UNIFYING THE VALUE FOR SOME TIME AND WILL CONTINUE THE PROCESS UNTIL LATE MARCH.
MMMM AS THEY STATE, IT APPEARS MARCH IS WHEN IRANS' TWO PAYMENT SYSTEMS WILL BECOME ONE! MMMM
I FIND IT VERY INTERESTING THAT THE FOREX RATE HAS BEEN ESSENTIALLY UNCHANGED FOR MONTHS (I MONITOR IT). WE HAVE SHOWN YOU ARTICLES OF BUSINESS TRANSACTIONS THAT IRAN HAS BEEN DOING WHICH HAVE NOT BEEN PUBLICLY SHOWN FROM A CURRENCY STANDPOINT.
THEY ADMIT THAT THEY HAVE BEEN IN THIS PROCESS FOR MONTHS. THIS IS THEIR STATEMENT! "It has also been working to bring the two rates closer, mainly through lifting the official exchange rates in the past few months."
THERE IS A LOT WE DON’T KNOW, BUT WE DO KNOW WHAT THEY HAVE STATED IN ARTICLES. THEY STATED THAT THEY HAVE A DIGITAL CURRENCY, JUST LIKE CHINA AND RUSSIA (THE GOLDEN TRIANGLE), AS WELL AS THEIR SHIA BROTHER.
SINCE WE HAVE SEEN NO MOVEMENT OF IRAN’S FOREX VALUE, THE ONLY CONCLUSION WE CAN LOGICALLY MAKE, IS THAT WE WON’T BE ABLE TO SEE THE CURRENCY UNIFICATION UNTIL IRAN'S FISCAL YEAR ENDS MARCH 20TH (UNLESS OZ PULLS BACK THE CURTAIN SOONER).
WHEN THEY SAY THEY WANT A FLEXIBLE RATE WE UNDERSTAND THAT WILL BE A REALTIME FLOAT!
IN THIS PROCESS, IRAN FOLLOWED IN IRAQS' FOOTSTEPS. IRAN HAS FOLLOWED THE SAME MONETARY REFORM PROCESS AS IRAQ. DOES THIS FOLLOWING STATEMENT SOUND FAMILIAR?
"In a related move, the CBI allowed banks to trade foreign currencies at the market rates. Lenders were also given the permission to attract deposits in hard currency.”
WITH OIL PRODUCTION NOW AT 4 MILLION BARRELS PER DAY, IRAN IS ON THEIR WAY TO FINANCIAL NORMALIZATION! SO THE MYSTERY FOR US IS, WHEN WILL OZ PULL BACK THE DIGITAL VEIL FOR US TO SEE?
WILL IT START IN OCTOBER AND CONCLUDE IN MARCH OR WILL IRAN HAVE TO WAIT TILL THE END OF MARCH TO SHOW OFF ITS' NEW SINGLE UNIFIED RATE? MMMM
THESE QUESTIONS OBVIOUSLY BEG MORE QUESTIONS AS WELL, DON’T THEY?
WELL, IRAQ IS RIGHT ON SCHEDULE FOLLOWING THEIR LETTER OF INTENT WITH THE IMF, AREN’T THEY? I MENTIONED JUST BEFORE THE END OF SEPTEMBER THAT THEY HAD TO ACTIVATE THEIR TARIFFS AND BEGIN BROAD TAXATION WHICH WE CAN NOW CONFIRM BY THE ARTICLES WALKINGSTICK HAS BRILLIANTLY BROUGHT TO YOU!
ALL APPEARS RIGHT ON TRACK AS I SEE IT! ALSO, THE CONTINUED LOAN AGREEMENTS WITH THE IMF WERE CONDITIONAL UPON IRAQ COMPLETING THEIR RESPONSIBILITIES, WHICH YOU ALL KNOW WHAT THOSE ARE, DON’T YOU? RIGHT!
REMEMBER THAT MANY THINGS ARE COMPLETED ON THE 7TH OF THE MONTH AND GET LAUNCHED ON THE 8TH AS WE’VE SEEN OVER AND OVER AGAIN.
THE MYSTERY IS WHERE WILL THEY SHOW THE DIGITAL RATES IF SOMETHING HAPPENS PRIOR TO THE END OF MARCH FOR IRAN AND POSSIBLY OTHERS LIKE ITS' SHIA BROTHER?
WHAT I CAN SHARE WITH YOU IS THAT THUNDER HAS ARTICLES TO SUPPORT WHAT I SAY NEXT. IBM HAS A NEW TECHNOLOGY CALLED CLS WHICH WILL CONVERT FOREX CURRENCIES WHICH ARE NOT DIGITAL INTO A DIGITAL FORMAT!
THE QUESTION IS: WHAT PLATFORM ARE THESE COUNTRIES WITH DIGITAL CURRENCIES TRADING ON AND HAVE BEEN TRADING ON FOR WELL OVER A YEAR NOW? MMMM
WELL, THE ONLY DIGITAL PLATFORM IN THE U.S. IS THE IEX AND IT OF COURSE SAYS IT’S FOR EQUITIES ONLY RIGHT? WELL, MAYBE SO BUT WHY WON’T THEY BEGIN PUBLIC TRADING FOR ALL TO SEE INSTEAD OF JUST SHOWING TOTALS? MMMM REMEMBER THE LAST ANNOUNCEMENT THEY PUT OUT? RIGHT!
I COPIED IT AND POSTED IT ON KTFA AND WITHIN A FEW DAYS THAT ANNOUNCEMENT WAS GONE FROM THE IEX SITE AND THERE HAS BEEN NONE TO REPLACE IT! MMMM HOLD ON! NOT SO FAST BACKMAN! SLAP!
THE BLOCKCHAIN TECHNOLOGY USED TO DEVELOP THE IEX, (COMMONLY NOW KNOWN AS DIGITAL TECHNOLOGY) IS NOT CONFINED ONLY TO THE EQUITY MARKETS!
YOU MAY NOT KNOW THIS YET, BUT IT HAS BECOME APPARENT THAT THE IEX HAS BECOME A PARENT! HEE HEE THAT’S RIGHT! THE IEX IS DOING A SPINOFF AND IS NOW DEVELOPING ANOTHER PLATFORM CALLED TRADEWIND MARKETS.
THIS PLATFORM WILL BE CREATED TO TRADE THE MORE THAN 5 TRILLION A YEAR GOLD MARKET! AS THE ARTICLE SAYS:
"Blockchain is a tamper-proof shared ledger that can automatically process and settle transactions using computer algorithms.” ALSO STATED IN THE ARTICLE: A person familiar with the operation who asked not to be identified because the plans are not public, said the funding came from IEX and Sprott Inc, a Canada-based investment firm that manages physical bullion funds. A lack of transparency is one of the problems that makes the gold market ripe for change, said Harris, who is on TradeWind's board.
"It's too slow, it's opaque as to who owns what and when along the way, and there's lots of room for error that requires manual reconciliation," Harris said of the gold market. "A system that was instantly self-reconciling and 100 percent transparent would solve a lot of problems."
DO YOU NOTICE THE LACK OF TRANSPARENCY THAT SEEMS TO BE OUT THERE?
OF COURSE EVERYTHING IS PRIVATE AND SECRETIVE UNTIL IT’S READY TO BE UNVEILED. WILL THERE BE ANOTHER SPINOFF TO HANDLE THE DIGITAL CURRENCIES THAT WILL BE READY BY THE END OF MARCH OR SOONER? MMMM
ONE THING IS FOR SURE, GOVERNMENTS WON’T TELL YOU ANYTHING UNTIL THEY ARE READY. MOSUL IS A GREAT EXAMPLE OF THAT! WINK! WINK!
RIGHT NOW IRAN IS DOING A "DIGITAL DANCE”, POSSIBLY LIKE OTHERS!
I FOR ONE AM READY TO STEP IN AND SAY, MAY I HAVE THIS DANCE? HEE HEE
EVENTUALLY ALL THESE MYSTERIES AND QUESTIONS WILL BE ANSWERED IN THE TIMING OZ HAS FOR IT! COME HELP US STUDY, BLESSINGS TO ALL!
8@8, DOC IMO
Walkingstick » October 7th, 2016
Single Currency Rate in 2017-18 Budget
Iran’s national budget for 2017-18 will be prepared based on unified exchange rates, Masoud Nili, President Hassan Rouhani’s economic advisor said on Tuesday.
“Plans to unify foreign exchange rates are moving ahead. A flexible forex regime is needed, which hopefully will be implemented by the end of the current fiscal year in March 2017,” he was quoted as saying by the khabaronline.ir website, during a meeting with the presiding board of Tehran Chamber of Commerce, Industries and Mines and Agriculture.
Unification of forex rates is considered a crucial requirement for the reintegration of Iran into the global banking system and payment networks. Iran was forced to revert to the controversial double exchange rate regime after nuclear-related sanctions unleashed turmoil in the forex market in 2011-12 in which the national currency lost almost 70% of its value within days.
The Central Bank of Iran has already started plans for launching a single foreign exchange rate regime.
The CBI also has an eye on reducing fluctuations in the foreign exchange market. It has also been working to bring the two rates closer, mainly through lifting the official exchange rates in the past few months.
In a related move, the CBI allowed banks to trade foreign currencies at the market rates. Lenders were also given the permission to attract deposits in hard currency.
Nili noted that Iran experienced 4.4% economic growth during the first quarter of the fiscal year (ending in June 20).
“Stagnation is no longer the main problem of the economy,” he said. “Currently we need to focus on accelerating economic growth as the main challenge confronting the economy.”
“By recognizing growth as the main issue in Iran’s economy, we will direct the government toward taking fundamental measures,” he added. Iran's economy was grappling with chronic negative growth rates when President Hassan Rouhani took office in mid-2013.