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Monday, November 14, 2016

"Precursor Event" - Mon. PM KTFA Thoughts/News


 » November 14th, 2016

Another precursor event to happen in the first quarter of 2017. In effect if they are going live in what we call the first quarter, it may be at anytime now, as in regard to our requirements for reporting trades, etc., in the USA, reporting for the first quarter is in process as of Oct 01, 2016, imo. In other words it may start at anytime now from here on out. It may not or won't have to wait until physical 2017 starts, imho. Regardless, well before they get to that point the need a value reference in the form of the 2017 budget that has been read twice now..

 » November 14th, 2016

Excellent point, Militia_Man!!
Oh, and I don't remember them ever allocating a WEEK OFF (!!) Like they have...starts this week?

 » November 14th, 2016

Lol. We all know that the IMF has an issue with holidays being so ever so abundant.. lol Another Fat lady? Ha

 » November 14th, 2016

Anyone see a random week "vacation" they decided to take? Wonder what they'll tell us after... IMO... 50 billion IQD budget... their budget should be in the neighborhood of 200 billion USD

IMO... international rate HAS to be in the budget IMO... their week long vacation didn't sound very planned out to me http://www.dinarrecaps.com/our-blog/tidbits-from-ktfa-members-monday-morning-11-14-16

 » November 14th, 2016

Yeppers!!! Not to mention the YouTube video posted Saturday night of some sort of celebratory happenings in Downtown Baghdad...still hoping to see if we have any translation of what that man was saying on camera.

IMO, something is UP.....WAY UP!!! Could it be......a flag.....could it be.....VALUE????

 » November 14th, 2016

From an Egyptian news site .... remember all the trips to and from ....and talks ....with Egypt in articles earlier this year ... IMO

Reasons to delete three zeros from the Iraqi dinar and what it means to delete the zeros from currency

Omar Al-Fateh 16/11/12 economy

The reasons for deleting three zeros from the Iraqi dinar and what it means to delete the three zeroes from the Iraqi currency, the fact deleting three zeros from the Iraqi dinar, the official source at the Central Bank of Iraq, said that the beginning of the beginning of 2017, will the central Bey Iraqi deleting three zeros from the currency of Iraq, Finance Committee also announced in parliament that the central bank will start at the beginning of 2017 by deleting three zeros from the local currency, in other words, that the unity of the coin in 1000 dinars from the old currency will be replaced by only one denarius of the new currency, and so on.

Start procedures to delete three zeros from the currency in 2017

Going on in the minds of many Iraqis that the important question of whether to raise (the zeros from the Iraqi dinar) harm or benefit? Thus why do not we raise the zeros, the official source in the Iraqi Central Bank stressed that the purpose of deleting three zeros from the currency of Iraq is to lift the economy and prosperity to raise support for the dinar, which will be a key reason for the return of Iraq's economy again in January 2017,

the step by Iraq intended to reform the local currency system based on the use of the currency too high denominations, which leads to difficulties in handling and in private transactions accounts, as well as higher prices resulting from the use of monetary units higher categories, which leads to a decline in the currency and declining purchasing power exchange rate the dinar in a big way.

CBI decision to remove three zeros from the Iraqi dinar

Iraqi Central Bank chairman said that the deletion of three zeros from the Iraqi dinar will help in flourishing once again the Iraqi economy and the return of the Iraqi currency traded in international stock markets, the deletion of zeros restore Iraqi currency mind in periods of monetary turmoil and declining public revenues of the state at a time when the expenses increase, resort states often to print more of the local currency, leading to price hikes and the occurrence of high inflation, the need to cross categories with high currencies such as the one thousand and one million one hundred thousand ... etc., and with every raise in the denomination as the economy enters the furnace of inflation.

Why delete the three zeroes from the Iraqi dinar

The aim of deleting three zeros from the currency of Iraq is one of the means to control the high inflation is monetary reform, coupled with a change in monetary policy by the old currency high Pfiadtha replacement of a new currency with lower categories so prices tend to decline, but does he have on inflation? The answer is no, because the elimination of inflation is required to follow state moderate monetary policy, an official at the Central Bank of Iraq and stressed that the Iraqi dinar will be the vital currency in global stock markets and the central bank is currently discussing the principles of starting the project and its laws on the beginning of the project of the year 2017 and stressed that the new currency will not have a significant impact on the major currencies, but will raise the Iraqi economy.


 » November 14th, 2016

This is all for January 2017, and not early 2017. My view on it is that 1000:1 is a perfect place to drop the three (000) zeroes. Sistani tweeted out 1000:1 donations to soldiers did he not? Yes. The man ought to know by now what the project of delete the zeros is. Enough to know he is on the edge with his tweet. Cause and effect!

How long have we known about lower denoms? Years? I'll go with that. Now if true, and since all but Nineveh has been Liberated openly and publicly so far, only leaves a relatively small area to populate lower denoms in banks. Merchants will be told change is on the way (see articles) educating the populous in the matters.

As noted by public articles suggesting a need for mechanisms of (gold/dollar) coins to be a significant issue on the CBIs mind or was, as in past tense. Storage space is costly. Banks don't like costs, as much as profits to say the least.

Thus, that said, costs are mounting for storage and timing is of the essence for them to issue these lower denoms shortly based on the January 2017 time line, if they are not already in the process through mechanisms, electronic mechanisms, large payments from GOI to Contractor type payments, in which the latter may be hidden by the Dodd Frank Act, etc..
In other words the general public with or with out special "" contacts may not be privy to any specific transactions or the physical way of payments for those transactions to have taken place or especially the terms of the agreements.

In other words, per Dodd and Frank Act, if it isn't anyone's specific business, and if it is leaked out be prepared to talk to the authorities over it. Therefore, that said, under the cloak of the Act, lower denominations issued to those with a need to know imo will be forewarned of the consequences of disclosing data that is effectively a security issue.

Safety, Stability and Security. I am not saying all of this is what is happening, but, it very well may be in guidance with behaviors that would be used in the process, as to be as discreet as possible in getting the lower denoms out to those that will need them first and foremost.
So, imo lowers are in process, as it takes time to not only populate banks, but, those that feed the citizens too! It has to be in process now to even meet the January launch, imo..

My theory is the door was in fact kicked open, just not every one has crossed the threshold just yet to enter into the International Reality of the IQD!

Infidels back of the line.

 » November 14th, 2016

Yep and when "Sistani Speaks" the citizens listen! Hiding in plain sight still!?...oh and the Iranian Economic minister talking about dropping 4 zeros all of sudden as a fast solution then RV later root beer float or whatever as a possibility..hehe =)

 » November 14th, 2016

These guys are sending messages across the bow for 2017 (Jan.). When was the last time someone (the enemy) gave you their game plan? I say we will see something probably sooner!

 » November 14th, 2016

They are just about giving a play by play over the last couple of weeks. I am with you! They don't give you the real story, or should I say the whole story.

WS posted the article about Iran and their single rate currency is effectively ready to go at any time. The article reads both now or later.. Which in my view means that once Iraq goes we can as well.

Now they are even suggesting pressure from Kuwait is in the mix. Who has been so kind (King) to extend reparation payments? Yup! Kuwait did more than a couple of times.. A little push from little brother to the south, is a kind jester to get the dance started already!

 » November 14th, 2016

IMO ... 1 to 1 seems to be pretty balanced set of values ... maybe teeter it to the dinar side ... fat ladies could assist in that process

 » November 14th, 2016

I would like a go on the teeter totter lol…..Striking a balance with 1:1 seems to be a theme as of late. Sistani's tweet is telling us in advance.. They love to lime the light don't they? lol

Don961 » November 14th, 2016

Parliamentary Economic describes the reasons for the high dollar exchange rate against the dinar

November 14, 2016 | 19:43 - Number of readings: 69 Show

Network Iraqi position

Made it clear to economic and investment commission in Parliament on Monday, the reasons for rising dollar against the Iraqi dinar, the second month in a row in the middle of the economic crisis plaguing the country markets.

He said committee member Najiba Najib said that "there is a large and growing demand for the dollar is estimated three billion dollars a month," indicating that "the possibility of the central bank in a few future revenues compared to the demand, as it does not exceed two billion and 500 million dollars."

Najib added, "The increased demand versus supply and one of the reasons for the high price of the dollar," indicating that "the second reason is the lack of balance between the dollar and the dinar."

She explained that "there is a joint committee of the bank is working to strike a balance in the market between the dollar and the dinar, as well as to maintain the bank's reserves, because the coverage of all applications require the use of bank reserves."




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