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Restored Republic via a GCR: Update as of March 17, 2018

Restored Republic via a GCR Update as of March 17 2018 Compiled 12:14 am EDT 16 March 2018 by Judy Byington, MSW, LCSW, ret, CEO, Child Ab...

Monday, August 29, 2016

Dinar Updates Daily Chat Log for Monday 8/29/16 - Part 4

Dinar Updates Daily Chat Log

Part 4 - Featuring tman23

(10:28 AM)Holly1 was kicked out by Holly1!

Holly1 says(10:30 AM):

The central bank is selling foreign currency window "and a way to ensure stability , " the dinar exchange rate

Holly1 says(10:31 AM):

Counting the Iraqi Central Bank, on Monday, that the sale of foreign currency window "and a way to ensure stability," the dinar exchange rate to meet the Iraqi economy requirements, while assuring "a greater role for" government to buy and sell the dollar and the development and auditing of funds used sources for banks for the purpose of buying foreign currency.

Society says to larrykn(10:31 AM):

They have had different versions of electronic cards for years and it hasn't.......the people don't trust the banks....the changes in banking laws and protections may help but ultimately, I believe only a rate change will bring in the chunky mattress money

SRW says to larrykn(10:31 AM):

Would you take your money to a bank if you thought the value was going to change?

Holly1 says(10:31 AM):

The central bank said in a statement received (range Press), a copy of it, that "Commenting to issued opinions about the work of selling foreign currency window of the Iraqi Central Bank wishes to state that, sell the currency window is a way to ensure the stability of the dinar exchange rate over the meeting of the Iraqi economy requirements through foreign currency provision to cover the imports of the private sector goods and services, in addition to the needs of citizens for the purposes of travel, medical treatment, study outside Iraq, "stressing" the lack of any allocations in the budget since 2003 and so far for this purpose. "

Holly1 says(10:32 AM):

He added the central bank, that "work on the development of its procedures in this regard by encouraging banks to adopt opening letters of credit mechanism for import rather than remittances style," noting that "the proportion of sales in a manner credits amounted to more than 70% of foreign currency sales."

Society says to SRW(10:32 AM):

Yes, if protected.....however, the ME mentality is not the same

Holly1 says(10:32 AM):

He said the Iraqi Central Bank, that "the development of a fundamental criterion for the implementation of dollar selling operations to banks include the extent of its commitment to the rules to combat money laundering and financing of terrorism," referring to "the adoption of the preparation and application of standards for the electronic system for window sale and purchase of foreign currency (money orders), and a greater role for government banks for buying and selling the dollar and the development and verification sources of funds used for the purposes of buying the dollar from the sale of foreign currency window. "

Holly1 says(10:32 AM):


larrykn says to Holly1(10:32 AM):

ty for the news :)

SRW says to larrykn(10:33 AM):

Duly noted and the people don't trust the banks!

larrykn says to SRW(10:34 AM):

no they don't but I think they are learning things are changing and the banks will be a lot safer now. IMO

Society says(10:34 AM):

"....Iraqi economy requirements through foreign currency provision to cover the imports of the private sector goods and services....."

Pablo says to Holly1(10:34 AM):

Do we have a timetable for when they are going to eliminate the dual currency practice?

larrykn says to Pablo(10:35 AM):

when they do that we will see a revalue of their currency, now I don't think they will tell us when they will do that do you

Holly1 says(10:35 AM):

Ammar al - Hakim added 2 new people like photos

8 hrs

Society says to Pablo(10:36 AM):

YESSS!!!!.......IMO......Before getting any further loan installments which they state they will receive two more yet this year

Holly1 says(10:37 AM):

Through receiving Parliament Speaker Salim al-Jubouri, and a number of leaders of the labor union, we emphasized the importance of political calm that start from the dome of the parliament to go into battle to liberate Mosul, and the importance to promote the House of Representatives in turn, regulatory and legislative, and let us to apply the rules of parliamentary behavior, consider the demand electoral collect two practices in one day, and reducing the number of members of the House of Representatives and members of the provincial councils.

larrykn says to Society(10:37 AM):

good point

Holly1 says to Society(10:37 AM):


Holly1 says(10:38 AM):

During our meeting the parliament speaker of Iraqi House of Representatives Mr. Salim Al-Jubouri and a number of political powers leaderships, we emphasized on political equanimity that start from the parliament dome to prepare for the Mosul liberation battle, and to promote the regulatory and legislative role of the Parliament, we urged to app the rules of parliament conduct, and consider to combine the upcoming two electoral practices on one day, and to decrease the number of members in the Iraqi House of Representatives and in provincial councils

Pablo says to Society(10:38 AM):

Ahh, interesting. Thanks. When were they supposed to get the first installment?

Holly1 says(10:38 AM):


Society says to Pablo(10:38 AM):

They can't stop MCP without either expanding the money supply of IQD (contrary to all their actions so far) or changing their rate.....until that time, the IMF has actually encouraged freeing up access to foreign currency to maintain the IQD market rate

Pablo says to Society(10:39 AM):

Okay, thanks.

Society says to Pablo(10:40 AM):

They received 600+ million I believe in June but further disbursements reportedly will not occur until all economic reforms are activated

Holly1 says(10:40 AM):

Tomorrow Press - "Tomorrow's Press," published the text of the border crossings Commission Law.....http://alghadpress.com/ar/news/64332...AF%D9%8A%D8%A9

Holly1 says(10:40 AM):


Pablo says to Society(10:40 AM):

Yes, that rings a bell.

Pablo says to Society(10:41 AM):

Do they need to finish up wit Mosul for that to happen?

Holly1 says(10:42 AM):


7 hrs

Holly1 says(10:42 AM):

North Korea threatened on Sunday to transfer American troops to «ashes» in response to criticism from the UN Security Council on the missile programs, the Security Council condemned last Friday , Pyongyang 's missile launch, and agreed to take a «significant actions», two days after the launch of a ballistic missile by a submarine after North Korean. And prohibit the Security Council resolutions on Pyongyang 's development of its missile

Holly1 says(10:43 AM):

program, but North Korea 's missile tests has doubled since the fourth nuclear test in January last year. He described a spokesman for the Korean Ministry of Foreign Affairs Northern Security Council statement that «the production of American bandits», the spokesman said: The «Washington currently pose a threat to the dignity of North Korea and its right to exist, ignoring warnings, and continue to take a series of measures as a military force», was quoted by state news agency quoted the spokesman as saying

(10:43 AM)mydinar100 was kicked out by mydinar100!

cricket22 says(10:43 AM):

Hello everyone! (F)

(10:43 AM)Okie Dinar changed nickname to .OkieDinar!

larrykn says to Pablo(10:43 AM):

what I've been reading Mosul is about to be finished with very soon

Holly1 says(10:43 AM):

that « North Korea has a great potential to transform the aggressors to ashes in the American territory and areas of operation in the Pacific », and it was North Korean leader Kim Jong-un said last Thursday that the ballistic missile launched by the country's submarine-shaped« great success », he said, that the US mainland and the Pacific become «within range strikes» North Korea's military, and the missile was launched from a submarine off the coast of Port Sinbo, and passed 500 kilometers off Japan passing distance beyond any previous experience missile from a submarine.


cricket22 says to Holly1(10:43 AM):

GM Holly! :-*

Holly1 says(10:43 AM):


cricket22 says to Holly1(10:43 AM):

Tahhh Dahhhhh (F)

cricket22 says to Holly1(10:44 AM):

I'm sorry..I just got home, and got in. :)

Pablo says to larrykn(10:44 AM):

Oh good!

Holly1 says(10:44 AM):


Holly1 says(10:45 AM):

Haider Al-Abadi

Prime Minister Dr. Haider al-Abadi receives a delegation from the Kurdistan Regional Government headed by Mr. Nechirvan Barzani

Holly1 says(10:45 AM):


Society says to Holly1(10:45 AM):

Hey Holly, just saw your "TY".......I seldom get the time to comment anymore but had an unforeseen schedule change this morning ...... I wish I could do more here at DU

SRW says to Pablo(10:46 AM):

I think Mosul is near or at being liberated from ISIL. Abadi is waiting to announce this for a reason. There are issues that need to be finalized in Parliament first!

Society says to Pablo(10:46 AM):

No one knows whether Mosul or anything else needs accomplished

Holly1 says to Society(10:47 AM):


Holly1 says(10:47 AM):


9 hrs

Holly1 says(10:48 AM):

Issued a Supreme Judicial Council, the instructions on the application of the amnesty law, which was recently passed by the House of Representatives. The instructions issued on the formation of six central committees at the headquarters of the Federal Judiciary, take it upon themselves to consider the verdicts of the criminal courts and the courts of misdemeanors

Holly1 says(10:48 AM):

peremptory in regards to the crimes covered by the provisions of the amnesty law. It also included judicial instructions too, considering the papers and proceedings for detainees and detainees and defendants sent from the security and military agencies in a number of cases, of which »the signature of the detained more than three months in detention and was not presented to the court, and the signature of the accused more than eighteen months in detention have not been the resolution of interrogation procedures. [33 more words]


Holly1 says(10:48 AM):


larrykn says to Pablo(10:53 AM):

NEWSTIME is at 6:30pm CST

Dinar Updates “After Call – LIVE”!!

“Immediately following News Time!!”

Mon. 8/29 “After Call” – w/RCookie,

Mr White & Hutch

SRW says to david12(10:55 AM):

This can give a person a headache if they think about it too much! Who knows what really needs to be done before a value change?!!

larrykn says to Okie Dinar(10:57 AM):

ty for copying this morning :)

Okie Dinar says to larrykn(10:58 AM):

You're welcome! Thank you, too!

(10:58 AM).MOD.larrycopier changed nickname to .Mod.larrykn!

Okie Dinar says to larrykn(10:58 AM):


larrykn says to Okie Dinar(10:58 AM):

been an interesting morning :)

Okie Dinar says to larrykn(10:59 AM):

I was just reading chat.

larrykn says to Holly1(10:59 AM):

thank you for all you do here, your the best :)

Okie Dinar says to larrykn(10:59 AM):

Seems like Holly brought in some interesting things. Excited to see what they say at newstime!

Okie Dinar says to Holly1(10:59 AM):

Yes, thank you Holly! (F)

larrykn says to Okie Dinar(11:00 AM):

yes newstime should be great tonight :)

larrykn says to Okie Dinar(11:00 AM):

NEWSTIME is at 6:30pm CST

Dinar Updates “After Call – LIVE”!!

“Immediately following News Time!!”

Mon. 8/29 “After Call” – w/RCookie,

Mr White & Hutch

Okie Dinar says to larrykn(11:00 AM):

Thank you :)

larrykn says(11:00 AM):

yvw :)

larrykn says to Okie Dinar(11:01 AM):

bbl have a geat day

Okie Dinar says to larrykn(11:01 AM):

You too! See you for newstime :) Or earlier!

(11:17 AM)popeye7 was kicked out by popeye7!

tman23 says(11:32 AM):

Direct words from the CBI to the GOI in several meetings...... There will be no currency reform until all provinces are under government control...... This is not a he said she said, it was printed in ink in news articles....... That being said, the liberation of Mosul is expected to take place end of September early October. Ernest and Young are expected to be finishing up with the 2 state banks mid October to end of October...... Shabibi had said that the lifting of the zeros must begin at the start of the New Year and not in the middle of a quarter or middle of the year...... 2013 Abadi being Parliment Finance Committee Chairman announced on 9/28 that they were prepared to lift the zeros start of 2014 given they could have the new currency ready in time......He then made a 2nd announcement regarding the lifting of the 3 zeros on 10/4/2013 confirming his first statement. Shabibi went off to Japan for a convention...... We learned in the week of 9/23/2015 at the post iisd post 2015 summit that Shabibi was meeting with them in Japan.....and during that meeting is when Maliki placed a warrant for his arrest...... (this is also in ink)...... That being said, and all factual information, it is not unreasonable to speculate that the lifting of the 3 zeros may be on the front burner for the start of 2017....... The last cmment from the CBI regarding the 2013 IQD series was that the new 50,000 note "COMPLETED" the 2013 series........ The question now is..... Does the CBI have a 2016 series ready that include the 3 zeros on the notes........or do they have lower denominations printed...... The liberation of Mosul could be the event that lifts off the announcement of currency reform implementation as a security measure to ISIS and the theft of IQD etc...... BUT that does not exclude the possibility that Iraq could make the announcement tomorrow or the next day......

(11:39 AM)Canucklady was kicked out by Canucklady!

Okie Dinar says to tman23(11:39 AM):

So you are saying January 2017? I thought the fiscal year for Iraq started in October (Islamic New Year). IMO why would they wait to liberate until end September, beginning of October is the new year is beginning of October? Hope that makes sense.

(11:41 AM)john09 was kicked out by john09!

Okie Dinar says to tman23(11:41 AM):

Also I feel like that are actively gaining control over Mosul.... that he could happen at anytime. Why would they tell ISIS we are coming for you, end of September. Sorry, I guess I'm confused :)

tman23 says to Okie Dinar(11:45 AM):

LOL....... Islam is a world wide religion...... What does religous new year have to do with government fiscal policy and when that fiscal policy outlined in a budget begins ?? Iraq fiscal year begins January 1....... NO GUESSING....FACT IS JANUARY 1 IS THE START OF IRAQS FISCAL YEAR......

nromeo says(11:46 AM):

so rv in 2017

Okie Dinar says to tman23(11:47 AM):

OK, But I thought they changed that. I know Rcookie and Mr White were talking about it on the call. Maybe you should listen in. It was very informative.

Okie Dinar says to tman23(11:47 AM):

I guess we can agree to disagree :)

nromeo says(11:48 AM):

someone said 3 yrs ago and i don't remember who it was but they said our blessing would be 2017

tman23 says to Okie Dinar(11:48 AM):

They wait to liberate because........there is estimated 1 million people may become displaced.......The region is in its HOTTEST months...... cant have hundreds of thousands from the 2nd largest city in Iraq roaming with lack of supply and coordination.....the heat will kill more than ISIS......

Okie Dinar says to nromeo(11:48 AM):

I'm praying :) It in God's hands. He has the perfect timing!

nromeo says(11:49 AM):

it sure seems to point in that direction

Okie Dinar says to tman23(11:50 AM):

Ok and again, they are just telling Isis, this is when I'm coming for you. Watch out, here we come. UM, no. IMHO.

larrykn says to nromeo(11:50 AM):

no one know when they will do it, and any one saying so you should run from

nromeo says(11:50 AM):

wish it was sooner but i'll take 2017

Okie Dinar says to larrykn(11:50 AM):


tman23 says to Okie Dinar(11:50 AM):

If anyone told you Iraq changed the start of their fiscal year.......Have them show you where......It would take an act of Parliment.......

tman23 says to Okie Dinar(11:51 AM):

Yes..... they are giving ISIS and open road to the North to vacate Mosul.......

larrykn says to tman23(11:54 AM):

I believe Iraq could change there value anytime they want, sure it be nice to do it at the beginning of the year but they can adjust to whatever they need to do, the question is are they willing to wait for the fiscal year to begin, with all the pressure on them and the IMF an WB looking over them an the fact that they will not get anymore money from them till they get the reforms done would lead me to think this will happen before the new year, but this is Iraq

JETSET says(11:54 AM):

i think we are all going to be surprised in the end! (lol)

Okie Dinar says to tman23(11:54 AM):

Thank you so very much for you opinion. I truly appreicate it. :) I am going to stick with 'the guys' Rcookie, Hutch and Mr. White.

JETSET says to larrykn(11:55 AM):

agree 100%

nromeo says(11:57 AM):

whats with the dong that firefly brought in is that true that they are going to revalue

Okie Dinar says(11:58 AM):

Planning: to postpone reimburse contractors for a week in eight provinces

Economy News / Baghdad ...

The Ministry of Planning, on Monday, for the patient in the reimbursement of contractors for a period of one week in eight provinces to build on the recent request for their own data verification.

The spokesman said the ministry Abdul-Zahra al-Hindawi said in a statement: "Economy News" received a copy of it, "the ministry in coordination with the Ministry of Finance and the Central Bank of Iraq has responded to the request of the provincial wait in the disbursement of dues," noting that "the decision came after an official correspondences received from the local governments signed by the governor himself because there are errors in the data. "

He said al-Hindawi, that "the provinces, which demanded to stop payment until the audit data is Diwaniyah and Babil and Maysan, Muthanna, Dhi Qar, Salahuddin, Kirkuk and Diyala."

He stressed, "The ministry has given a maximum deadline of one week to the provinces, to complete audits in order to then be resumed upon the completion of the audit of those data, validating," explaining that "measures will not take a long time."

Okie Dinar says(11:58 AM):

Abadi Office news shows that talk about the return of al-Obeidi to office by proxy

BAGHDAD / .. spokesman for the Office of Prime Minister Saad al-Hadithi, Monday, not knowing the news that talk about "faith" President Haydar al-Abadi for re-Defense Minister article Khaled al-Obeidi to his "agency", adding that it can only through constitutional ways .

The newborn's "Eye of Iraq News," he was not aware he has to "The intention or Abadi went to re-Khaled al-Obeidi agency to office," explaining that "the House of Representatives is to withdraw confidence from the minister lost his job title, and can not be Ebadi to exceed the Constitution, which The obligation to implement the mechanism. "

The spokesman expressed surprise at the news that talk about the intention of al-Abadi al-Obeidi, he returns to his agency, saying, "If Parliament is sacked, how can bring him back! Without constitutional justification."

He added that "it is possible to be done by directing Obeidi stabbed questioned to the Federal Court, and if the court acknowledged the correctness of the appeal and its legality, the ends of the solution Sakona both Parliament and the Court," pointing out that "the Prime Minister, will continue constitutional Balath which give the right to the dismissal of or not. "

The spokesman for a coalition united Khaled Mafraji, revealed on Sunday, about the intention of the Prime Minister Haider al-Abadi commissioned Khalid al-Obeidi to take over the Department of Defense agency until the liberation of the city of Mosul in full control of the organization Daesh. is over

Okie Dinar says(11:59 AM):

Both From MadDScout

Okie Dinar says(12:00 PM):

More from MadDScout

Okie Dinar says(12:00 PM):

AMF stresses the importance of financial supervision to avoid crises

AMF confirmed that the financial sector is of major importance in the economies of countries to take shape in the role it plays in the economic growth process through efficient financial intermediation, which provide funding for investment and enhance performance.

The Director-General of the Fund Abdulrahman bin Abdullah Al Hamidi at the opening of «joint session of macroeconomic management and financial sector issues» by the Fund organized in collaboration with the International Monetary Fund in Algeria that «the many functions of the financial sector, which is reflected in the compilation of the savings and evaluate the best investment and risk management and pricing, and reduce the cost of trade, and conducting clearing operations and settlement of payments, and the mechanism for the transmission of the effects of monetary policy, it should be beneficial to the economy and the pace of growth ».

He said in a speech delivered on his behalf by the head of department training programs in «Economic Policy Institute» Ibrahim Alkrnh: «Despite the importance of which is occupied by the financial sector in economic growth, but the lack of ability to carry out its functions in the desired shape during the crisis will affect the efficiency of the economy and growth, as during the global financial crisis occurred in 2008 ».

He pointed out that «the consequences of this crisis has demonstrated the urgency of the need to give the subject of control of the importance needed to avoid such a crisis in the future, or at least reduce the severity of the financial system if got».

He pointed out that «the current session will discuss the objectives and policies of macroeconomic stability and its relationship with the financial markets and the impact of monetary policy, economic policy and exchange rate policy and the sustainability of public finances and the development of external debt on the overall economy and the work and the performance of the financial sector, in addition to capital flows issues and its effects on growth and productivity and the determinants of these flows between countries. »

The review session, which runs until September 8 (September), to guard against the college and its relationship to financial stability and ways to conduct a stress test to see how the financial system's ability to cope with shocks, as well as analysis of financial crises and ways to avoid them policies file.

And dealing with concepts process that is closely related to the work of the Fund and its activities in the field of lending to the Member States concerned with the implementation of programs to stabilize the economy and corrected and practice session.

Okie Dinar says(12:00 PM):

Central Bank set out the reasons to stop the provincial contractors dues

The Central Bank of Iraq, on Monday, continuing the distribution of entitlements contractors on behalf of the Ministry of Finance, pointing out that the temporary suspension of dues provinces contractors was based on the notifications of the Ministry of Planning.

The bank said in a statement received "Economy News", that "in order to clarify the distribution of entitlements Contractors statement to the provinces the central bank would like to emphasize that it has completed all the requirements and continuous distribution on behalf of the Ministry of Finance to the contractors."

"The notifications of the Ministry of Planning to the provinces included the temporary suspension of dues provinces contractors."

tman23 says to Okie Dinar(12:03 PM):

Whelp......... Like said before......Obeidi and the time frame for him to be gone..... AND like said when it was announced.....LOL !! He will be appointed to another chair.......

Okie Dinar says(12:03 PM):

Central urges expansion of banking activities

The CBI called on private banks need to comply with the instructions and controls to enable it to promote the private banking sector and increase the citizens' trust in him, and contribute to higher levels of financial innovation, after falling to a great extent during the last period.

The representative of the Central Bank at the annual meeting of the Islamic National Bank: to be the expansion of banking activities in order to attract the largest number of beneficiaries of the citizens and companies, and pointed out that the central bank focuses on important aspects of private banks operate in the forefront of compliance with processors money laundering and risk management the internal audit these important things contribute to a large one in maintaining the functioning of the banking business and the creations of the beneficiaries, and help reduce losses and branches of banks.

But Laith high-Vice Chairman of the Islamic National Bank administration pointed to competition easier handling and recycling of funds between banks, government departments and acceptance issued by private banks instruments mechanisms. He said that the work and investment stopped after the growth of the banking activities, and the financial conditions of the country and the trend towards austerity prevented the expansion of banks and stopped aimed at horizontal expansion plans.

Islamic banking expert d. Dr. Sadeq al-Shammari said that the central and private banks Ajmaa on the need to promote human resources Almt_khassah different activities and bank products, and the development of systems and technologies needs to be qualified to a high degree of mastery, pointing out that the banking sector needs to develop regulations and make them compete for banks regional and international.

He said the rapprochement between the central and private banks would create an environment conducive to the development of banking, where banks operate according to the central instructions governing the various activities and services and pursue the course of financial matters.

He stressed that the Islamic banks were taken to expand and grow horizontal rapidly to the presence of a great demand in various countries around the world on the offer of products represented an attraction of its own profit commensurate social attitudes

And economic development.

bubbles says(12:04 PM):

Is their ISX still going live sept 2? Or did that change?

Okie Dinar says to bubbles(12:04 PM):

I'm not sure.

Continue to Part 5
 | Link to Part 1



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