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

This is where the 800 numbers and instructions for currency redemption (US) and currency exchange (international) will be posted. This part of the page will remain until the "TETELESTAI" email has been distributed to us. Thank you.

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Featured Post

RV Intel/Thoughts/News - All Posts for December 5, 2016

Below is a list of all of the content posted for Monday, December 5, 2016. This will be useful for those of you who may have missed somethin...

Thursday, November 10, 2016

"Suddenly Something" - Thurs. AM KTFA Thoughts, News w/ Frank26

KTFA

Tim » November 10th, 2016

gm family, is it me? or does someone else believe that someone let the air out of our fast pace sails to our investment

Frank26
 » November 10th, 2016

You

Eli15
 » November 10th, 2016

Good Morning Tim. Sure does feel that way doesn't it .
Remember what the profit Kim Clements said......."Nothing, Nothing, Nothing and then SUDDENLY SOMETHING". We patiently wait for our "suddenly something".

Andyswan
 » November 10th, 2016

Frank, Thank you for last nights CC. I have a quick question I was wondering if you could answer. Regarding the IMF meetings that were discussed last Wednesday, when Delta was on. You made reference that the November meeting was "fake" or never existed. (Never happened.) What about the December meeting? Do we still need one more IMF meeting for them to put the blessing on Iraq's MF/MP?

Frank26
 » November 10th, 2016

I should not have said fake ............ My apolgies. It's just that there was no info on the meeting.

As for the 7th of December ............. It's not just for the MoP and MoF ......... It covers all aspects of the MR ( Monetary Reform) and ............ A second Loan.


Frank26
 » November 10th, 2016

CC NOTES from last night: There will be Nothing ............ This rest of this week.

SlappySquirrel » November 10th, 2016


Quiet before the storm??? I just read over on Fox that the Iraqi forces are taking a "pause" before resuming capturing the rest of Mosul...

IMO, I think they will announce a Mosul Victory after this " pause ", however long that lasts. 3, 4, 5 , 6 days whatever.This is EXACTLY ON TRACK with what Frank said last night about not hearing anything the rest of this week...

I don't even think they are necessarily taking a pause either. Instead of reporting the last sections of Mosul being taken over, they will do it discreetly, and just announce Mosul Liberation as more of a SURPRISE...

The timing of this must be kept at the utmost secrecy...There is no advanced warning of a Mosul Liberation/ International Iraq. It will just happen out of Nowhere, when you least expect it....IMO


Walkingstick » November 10th, 2016


The appointment of a new Iraqi ambassador in Washington with attached Trump for US presidency

http://www.alliraqnews.com/modules/news/article.php?storyid=52516

Walkingstick
 » November 10th, 2016

Central contracts with international companies to "evaluate" the work of banks and show his commitment to the application of international standards

Revealed the central bank governor on the Keywords, Thursday, for the contracted bank with international companies to evaluate the work of banks, as he emphasized that dealing with the banks will be in accordance with those assessments, as he pointed to the keenness of the bank on the application of international standards on the subject of control, compliance and risk management.

Keywords and said in an interview with (long-Presse), "The banking sector in Iraq is a modern training sector and modern existence, grew up in unfavorable conditions and in anenvironment of a lot of challenges, but at the same time contain a lot of opportunities," noting that " ensure growth and stimulate the banking sector depend on the application of best practices globally agreed and made thanks to which countries in the banking sector. "

He added Keywords, that "the central bank's focus, today, on these criteria is very large and is trying to apply the best standards on the subject of control, compliance and risk management," revealing that "the bank has a big program on the subject began to evaluate the work of banks, through a contract with international companies , it gave indicators and figures for banks operating in Iraq. "

Keywords noted, that "the bank is employing these observations and used to correct these banks where it will be dealt in accordance with those standards, which will be issued against them in all banking activities of the Bank."

It consists of the banking system in Iraq (54) banks as well as the Central Bank and distributed by ownership between 7 state banks and 23 private banks, including commercial (9) Islamic banks in addition to the 15 branches of foreign banks.LINK

Walkingstick » November 10th, 2016

IRAN Thursday, November 10, 2016

CBI Favors Floating Currency Rates

It is the market rather than the Central Bank of Iran that sets foreign currency rates, says the CBI deputy for economic affairs.

“Stability in the forex exchange market is one of the priorities of the central bank,” Peyman Qorbani told ISNA.

The official says that not only is stability an important factor in relation to the inflation rate, “but economic wisdom has it that the more the currency market fluctuates, the more serious the damage to economic growth and employment.”

The central bank aims to create a stable and floating forex market, which according to Qorbani will soon be realized through increasing correspondent banking relations [with foreign lenders].

“But forex rate stability does not entail the CBI creating superficial and fixed exchange rates,” he said. “It is the market that sets the forex rates and the CBI would only attempt to moderate where it will boost exports and manufacturing and not lead to speculative activities.”

Qorbani’s comments come after accusations were leveled against the government by a former CBI governor who linked the government’s oft-mentioned bid to stabilize the currency market to its plans to win votes in the July presidential election.

Tahmasb Mazaheri had claimed that the government and the central bank strategize to adopt a single rate regime, meaning that the government will dictate a rate and it will be the only game in town.

“It is the government’s intention to use the [single] rate for election purposes, proving that it has lowered the rate of the greenback to the rial in contrast with the previous administration,” he said.

Mazaheri also referred to the policy of unifying the forex rates adopted by the central bank and often emphasized by its current boss Valiollah Seif. Noting that the president and his government have pledged to unify rates, he had said “that is the direction they are moving towards and although sluggish, efforts are underway.”

“However I must point out that the government should have unified the rates during its first and second years in office and not delay it until now.”

A smooth moderation of rates “based on the discrepancy between the general level of prices inside and outside the country” could be a guarantor of long-lasting stability in the market, Qorbani was quoted as saying.

“Given that, we cannot consider high rates – a legacy of market volatility– as a base for current rates.”

https://financialtribune.com/articles/economy-business-and-markets/53294/cbi-favors-floating-currency-rates

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