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

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Sunday, May 27, 2018

"Next 2 Weeks" - Sun. PM KTFA Thoughts/News

KTFA

DinarDiva1 » May 27th, 2018


Article: “A spokesman for Sadr: We will end the formation of the largest bloc in two weeks”

So they need 2 more weeks then govt will be formed?

Venustwo2 » May 27th, 2018

The next 2 weeks we will be in the middle of the year. I remember it has always been said, last quarter, first quarter, middle of the year is what Dr. Shabibi preferred for the R/I of the dinar and it is playing out beautifully imo.

Pattycakes77 » May 27th, 2018

You are right. I cannot remember what year it was when Shabibi wanted to R/I but it was during the month of June. Early June.

Fuze » May 27th, 2018

June 6, 2014! It was actually mentioned in a MOF document. I recall well because that was the back wall date I gave to a few Dinar giftee's of mine, in October 2013....

Doc.K » May 27th, 2018

MID YEAR coming up ...... accounting .... bookkeeping , contracts... etc.
maybe they can start their New Mid Year books with a New Rate ?
Timing - June through the 1st half of July (before July 15 IMF rate) will allow this.
Final 6 weeks ...... or less ...... IMO Hang in there !!

​Kindworld33 » May 27th, 2018

I wonder if they have to wait to after they forma block to pick a prime minister?

Iobey777 » May 27th, 2018

Hopefully during that time Trump will have everything set in writing that he wants before or by June 12! IMO, I don't know if it is related, but it's just my thought that it may be something to do with China and NK.

Adamb7777 » May 27th, 2018

https://cbi.iq/index.php?pid
US dollar
USD
1190.000

MilitiaMan » May 27th, 2018

"1190 ought to floor everyone. The CBI is not going to lose money for very long.. In fact, imo Delta's #87 in the FA says one word that is very telling. It is.. "Immediately.. " That is about how long the CBI will lose money.. lol imo ~ MM

"And that this goal will remain one of the objectives of the central bank, which requires direct banks to immediately leave the total dependence on the window selling foreign currency in its financial activity." FA87 ~ DELTA

Well at a 1190 they will do exactly that as noted above in red. They are not in the business to lose money. In fact they will make nothing but money from hear on out. imo ~ MM

Now keep in mind that the dust is settling on the political stage and note they had (imo) 15 days to get things in order and then, wala. We see this below. In other words, the final touches politically last night look to have been met and apparently reported today that are on time, and within that window of 15 days. Close enough for Government work, imo.. Then the CBI at or just before Banks closed in Iraq today we see this.

1USD/1190IQD = .00084034. Imo if you have one USD divided by 1190 that is a number. Project to delete the Zeros, then becomes 1 USD 1/.84 = 1.190476 IQD. imo That is purchase power folks, imo.. That will or should draw the remaining 3 zero notes in from the citizens, as in country the Dinar has or will have more value than the USD. Just like they are telling them in the news and in the FAs, see below. imo~ MM

“A spokesman for Sadr: We will end the formation of the largest bloc in two weeks" LINK

DUST IS JUST ABOUT SETTLED .................... TA DA. ~ Frank26

Final Article #80.. "Pull the dollar"

Those three words are exactly what they are doing, imo.. They are now or have been, ceasing (Multi Currency Practices.) MCPs by pulling the dollar in with having more value to the Dinar. Imo.

Now dont' forget the article #17 in the FAs #87 by Delta was on the 25th and the Alak showing the ATMs preceded that.. New ATMs with the new software to support the NEW Currency is in place and has been now for some time.. Let the timing sink in now. The CBI changed the rate right before banks closed. Hmmm? Holiday in the UK and USA on Monday.. Hmm? Starting to see the picture? They set the stage already.. Bill boards, presentation boards, photos of LDs for symbolism, Alak with new ATMs.. All timed and synchronized, imo lol ~ MM



"Visit of the Governor of the Central Bank of Iraq branch of Basra" FA #70 ( Lower Denomination photo for symbolism. ~ MM)

"The next phase of currency reform is the conversion from old cash currency to new. " FA81

"The campaign must make it clear that once the currency reform is initiated, account holders can withdraw their money in the form of new banknotes."FA81

I. E., Modernized banking is up and running.. imo ~ MM

They even go so far as this~ MM:

"It will be issuing new Iraqi dinars a way to expose corruption, as it requires the replacement of currency in circulation is the new currency." FA82

"National Bank announces the completion of the electronic system for the completion of transactions." FA85 link

"The value of the dollar is lower than the value of the dinar adopted by the Ministry of
Commerce to buy flour as a domestic crop and sugar as crop National. ~ FA85

I sure hope this helps out, it sure helps me see what is going on and in my humble opinion, as FRANK26 would say, "TA DA FRANKIN DA" and (imho), WS may say, "YEP".. ~ MM

Samson » May 27th, 2018

Commercial Bank of Iraq distributes 12 billion dinars to shareholders


27th May, 2018

The Commercial Bank of Iraq ("Commercial Bank of Iraq") approved the distribution of cash dividends to shareholders.

In a statement quoted by the bourse, the bank said that the cash dividends of 11.88 billion dinars for 2016. The bank grew its annual profits by 32.6% to reach 10.05 billion dinars in 2017, against a profit of 7.58 Billion dinars, in 2016.

The bank's current capital of 250 billion dinars, distributed over 250 billion shares, the nominal value of dinars per share. LINK

Iraq ranks high with gold reserves

26th May, 2018



The World Gold Council revealed that gold reserves owned by the Arab countries amounted to 1006 tons. The figures showed that Saudi Arabia tops the Arab countries with reserves of 323 tons, followed by Algeria with 174 tons

Libya comes in third with a reserve of 117 tons. Iraq has about 90 tons of gold, Kuwait 79 tons, followed by Egypt with a reserve of 77 tons

The gold reserves in Jordan are estimated at 44 tons, 27 tons in Qatar and 26 tons in Syria. Morocco is ranked 10th in the Arab world with a gold reserve of 22 tons

According to the data, the United Arab Emirates has 8 tons of gold, while the distribution of 14 tons of gold between Tunisia, Bahrain, Yemen and Oman

The world's gold reserves remain at 8133 tonnes, and the total global gold supply rose slightly to 1,063.5 tons in the first quarter of 2018, while the production of mines was 770 tons. Precious metal by 27% to about 287 tons LINK

Iraq fourth in the gold reserves at the Arab level LINK

Rockcharlie229 » May 27th, 2018

The origin of the 21-gun salute

The use of gun salutes for military occasions is traced to early warriors who demonstrated their peaceful intentions by placing their weapons in a position that rendered them ineffective. Apparently this custom was universal, with the specific act varying with time and place, depending on the weapons being used. A North African tribe, for example, trailed the points of their spears on the ground to indicate that they did not mean to be hostile

The tradition of rendering a salute by cannon originated in the 14th century as firearms and cannons came into use. Since these early devices contained only one projectile, discharging them once rendered them ineffective.

Originally warships fired seven-gun salutes--the number seven probably selected because of its astrological and Biblical significance. Seven planets had been identified and the phases of the moon changed every seven days. The Bible states that God rested on the seventh day after Creation, that every seventh year was sabbatical and that the seven times seventh year ushered in the Jubilee year.

Land batteries, having a greater supply of gunpowder, were able to fire three guns for every shot fired afloat, hence the salute by shore batteries was 21 guns. The multiple of three probably was chosen because of the mystical significance of the number three in many ancient civilizations. Early gunpowder, composed mainly of sodium nitrate, spoiled easily at sea, but could be kept cooler and drier in land magazines. When potassium nitrate improved the quality of gunpowder, ships at sea adopted the salute of 21 guns.

The 21-gun salute became the highest honor a nation rendered. Varying customs among the maritime powers led to confusion in saluting and return of salutes. Great Britain, the world's preeminent seapower in the 18th and 19th centuries, compelled weaker nations to salute first, and for a time monarchies received more guns than did republics. Eventually, by agreement, the international salute was established at 21 guns, although the United States did not agree on this procedure until August 1875.

The gun salute system of the United States has changed considerably over the years. In 1810, the "national salute" was defined by the War Department as equal to the number of states in the Union--at that time 17. This salute was fired by all U.S. military installations at 1:00 p.m. (later at noon) on Independence Day. The President also received a salute equal to the number of states whenever he visited a military installation.

In 1842, the Presidential salute was formally established at 21 guns. In 1890, regulations designated the "national salute" as 21 guns and redesignated the traditional Independence Day salute, the "Salute to the Union," equal to the number of states. Fifty guns are also fired on all military installations equipped to do so at the close of the day of the funeral of a President, ex-President, or President-elect.

Today the national salute of 21 guns is fired in honor of a national flag, the sovereign or chief of state of a foreign nation, a member of a reigning royal family, and the President, ex-President and President-elect of the United States. It is also fired at noon of the day of the funeral of a President, ex-President, or President-elect.

Gun salutes are also rendered to other military and civilian leaders of this and other nations. The number of guns is based on their protocol rank. These salutes are always in odd numbers.

Source: Headquarters, Military District of Washington, FACT SHEET: GUN SALUTES, May 1969

Source: Dinar Recaps

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