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Entry Submitted Anonymously at 12:00 AM EST on December 8, 2016 Gary Larrabee - Kent Dunn Reveals Hidden Truths to Expand our Minds I...

Thursday, December 1, 2016

"Rate Definitions?" - Thurs. PM KTFA Thoughts, News w/ Backdoc

KTFA

FaithBlossum
 » December 1st, 2016


Can I get some clarification on the rate definitons? I used to think I knew The Reinstatement of their currency is what has already happened correct? That would be the RI. Now we are waiting on the International Rate to be announced hopefully in December which is the IR? Then, maybe in January or later, the Full Revalue will show up which is the RV?

Cleitus
 » December 1st, 2016

That is my understanding also. What confused me..., or confused myself was the digital part of it. Should anyone decide to exchange before March 20th or after, when the international rate will peak out, would be at their demise or loss (exchanging at a lesser rate).

FaithBlossums
 » December 1st, 2016

Certainly we all have a choice of how much we want to exchange before the "Peak" exchange time, IMO

PMAC
 » December 1st, 2016

Exchange asset backed IQD currency into USD fiat currency = NO WAY

Exchange asset backed IQD currency into asset backed USD currency = NOW WE'RE TALKING

That is why we should "wait 2-3 months before we exchange any larger amounts". March 10 ain't that far off in this timeline if you ask me.

IMHO... Our next marker in this journey is the USD to become asset backed (Basel III)

The TRN or USN (USD) ... whatever it is it will be digital and asset backed!!! That is your cue for larger conversions (should you want to rid yourself of the most valuable currency on the planet for something else NOT the most valuable currency on the planet)

Frank26
 » December 1st, 2016

KTFA FAMILY .................. This article has been placed in THE FINAL ARTICLES thread !!!

Walkingstick
 » December 1st, 2016

Keywords: central bank will begin to apply international standards beginning this December (Details)

30-11-2016

The governor of the Central Bank and the Agency on the Keywords, said on Wednesday that the agreement signed by the United States aims to cut off funding for the organization (Daesh) and other terrorist organizations and prevent money laundering ', and pointed out that the bank will start applying the certified standards internationally in this regard the beginning of December next, with the exception that the process of removing zeros from the local process requires the availability of appropriate conditions, including the general stability in the country, he pointed out that the bank continues to technical preparations in this regard.

Keywords and said in a press statement, that 'the first agreement of its kind between the Federal Reserve Bank and the US Treasury on the one hand and the Central Bank of Iraq, on the other hand, entered into to control the dollar remittances and ensure the prevention of access to illicit destinations', indicating that the' agreement includes cooperation and coordination and the exchange of information and financial data relating to the sale of foreign currency and circulation. "

He Keywords that 'The agreement aims to prevent the arrival of the foreign currency to Daesh and terrorist organizations, by ensuring and verifying that the financial and banking institutions that you purchase does not involve money laundering or terrorist financing operations', adding that' control mechanisms include several measures the most important , building databases and integrated electronic system that collects dollar selling window operations rather than paper processes'.

He said the central bank governor and the agency, that 'mechanisms also include the introduction of a program (OFAC List) to verify that the persons and entities prohibited to deal with them globally and to ensure that their entry into dollar selling window, where already been implemented', pointing out that 'mechanisms also include work on the application standards and international compliance requirements, particularly in the application of the principle of know your customer to verify the sources of funds and legitimacy, where he was informed banks and the conversion of these requirements, where censorship is taking place and oversee the implementation and training and qualification of cadres working '.

He Keywords that 'the bank provided financial Labour Organization (FATF) action taken to combat money laundering and terrorist financing', stressing that 'the actions taken by the Central Bank of Iraq, which led to eject Iraq from Category gray of the organization'.

Keywords and pointed out that 'the bank enter the accredited international standards by an international auditing firm for the classification of financial and banking institutions, including ensure compliance with the requirements of the compliance of the law against money laundering and terrorist financing for the year 2015, where it will be applied to the beginning of December next.'

And on the application of the process of deleting the zeros of the Iraqi currency, confirmed the Keywords, that 'the CBI did not specify a date for the deletion of zeros from the currency dinar', noting that 'subject to availability of appropriate conditions, including the general stability in the country.'

He stressed the central bank governor and the agency, the need to 'ensure the success of the process of deleting the zeros requirements before starting out, so the central bank will continue technical preparations in order to be practical fit when deciding deletion'.

http://www.alsharqiaa.com/index.php?page=article&id=17510#sthash.lR7jDEa5.dpuf%C2%A0%C2%A0

Zerb
 » December 1st, 2016

ty WS and all news hounds! I pray the block chain is completed so Iraq can move forward NOW and not in march or later! pay close attention family to blockchain articles....it has nothing to do with Iraq! just look at the news this morning.....more of the same waiting....imo look for the dollar to go down & the GDP of the USA to go up! let's see what happens after the inauguration! enjoy your holidays family stay grounded. ty frosty and Randy for all you do!

BACKDOC
 » December 1st, 2016

THE ARTICLES YESTERDAY SAID THAT IN EARLY DECEMBER THAT IRAQ WOULD BEGIN TO IMPLEMENT THE PROCESS OF GOING INTERNATIONAL!

THIS IMPLIES TO ME THAT ITS A PROCESS AND THAT IT MAY TAKE TILL SOME TIME IN THE FUTURE TO CONCLUDE THE PROCESS! WILL THAT BE AFTER MARCH 2OTH? MMMMM

WE DON'T KNOW BUT I'M SURE OF ONE THING WE WON'T SEE THE DIGITAL UNTIL AFTER MARCH 2OTH! I CAN'T SAY HOW I KNOW THIS BUT I WILL BE RIGHT I ASSURE YOU! DOC IMO

Fenway
 » December 1st, 2016

I believe Backdoc's reference to March 20 is for digital currency, not the international rate. In fact, here's a quote from his post #347 in yesterday's thread:

“As you all know i believe the new digital reality is not likely to show itself until after March 20th sometime. It does appear however that an international rate may be possible when the fed raises rates in mid December as Frank has been kind to share!”

Zerb
 » December 1st, 2016

some bullet points to ponder IMO........family remember think outside the sandbox........this has nothing to do with Iraq you must look from the outside.....IN. iraq is just a pawn. remember those who are in control lust more control........ and that control will be through the block chain technology which in turn will allow them to steal more money and become more powerful! take it to Yahweh in prayer

12/15 the fed will raise interest rates..... which will weaken the federal reserve system!!!

look back bout 6 months ago at the article on sputnik & the RothChilds BIS-don't get too comfortable with the US dollar strength.....Pay close attention to when they speak

Pay close attention to who Trump picks for treasury secretary, in order to give birth to the new Currency in the US they must get rid of the old one and dissolve the federal reserve. remember back when Regnar told us about the new TRN remember to keep your money separated!....

keep in mind what fuels the USA's economy - the middle class so in order to give the middle class more buying power they will lower personal and corporate taxes which in turn will give them more spending money and will make our country great again! JOBS IN THE USA!

The entire world is waiting for our GDP TO RISE, the GDP of the USA Fuels the rest of the world economies, this is the biggest thing we're waiting on before we see any IR!! Regardless of what they do IN country.

BACKDOC
 » December 1st, 2016

IT APPEARS MORE AND MORE COUNTRIES WILL SOON BEGIN TO SHOW THEIR OWN VERSIONS TO THE DIGITAL BUILDOUT THAT SHOULD COME ON LINE SOMETIME AFTER MARCH 2OTH!

NICE FIND WALKINGSTICK! DOC IMO

Walkingstick » December 1st, 2016

Asia’s Largest Stock Exchange Operator Forms Blockchain Consortium in Japan, Trials in 2017

number of companies have joined the Japan Exchange Group (JPX) To form a consortium that will develop a proof-of-concept blockchain solution for capital market infrastructure.
Announced yesterday, the JPX revealed that the Tokyo Stock Exchange (TSE), the Osaka Exchange (OSE) and the Japan Securities Clearing Corporation (JSCC) will help form a blockchain consortium compromising of Japanese financial institutions to test the blockchain prototype.

The endeavor to explore blockchain technology for capital market infrastructure began with an internal research group in late 2015, which quickly concluded the viability of the innovation to bring a transformational change to the sector. By February 2016, the Japan Exchange Group announced a partnership with IBM Japan to run blockchain tests for clearing, settlement and other financial operations.

The tests began the following month.

The newly-formed consortium will build upon the JPX’s partnership with IBM Japan, with a test environment for blockchain proof-of-concept (PoC) testing using the Linux-foundation-led open source Hyperledger platform.

The consortium will, among other operative objectives, seek to include and bring cooperation between various stakeholders in the development process. Primarily, these are the financial institutions and the engineers & developers of the blockchain solutions.
An excerpt from the press release also revealed the need to bring multiple financial institutions across Japan under the single roof of a consortium.

It read:

We will seek participation from a wide range of Japanese financial institutions in order to gather broad industrial expertise. Members of the consortium will conduct PoC testing and discuss the applicability of DLT (Distributed ledger technology) to the capital market infrastructure, both from technical and operational perspectives.

Further, the test environment of the consortium will see the deployment of proof-of-concepts and pilots developed by IT vendors, Fintech and blockchain startups as well as financial institutions. “Verifying various applications will help to identify and address technical and services issues,” the JPX added.

Significantly, the consortium will also facilitate information sharing between developers and the banks adopting the technology, while nodding at “efforts such as training on DLT technology by DLT engineers and training on operational workflows by financial institutions.”
PoC testing within the consortium’s environment will begin in Spring 2017.

https://www.cryptocoinsnews.com/asias-largest-stock-exchange-operator-forms-blockchain-consortium-trials-2017/

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