DINARESGURUS.BLOGSPOT.COM_________

Friday, July 3, 2015

MILLIONDAY CHAT UPDATE, 3 JULY

Millionday: The Central Bank of Iraq (CBI) has been attempting to delete three zeros from the Iraqi currency since 2003. This project has raised many concerns among the Iraqi public and within the business community, and Iraqi economists are divided…

…Haider al-Abadi, the head of the Iraqi parliamentary Finance Committee, told Al-Monitor that while deleting zeros from the current currency is possible, this has been postponed until after parliamentary elections. He noted that studies are being carried out to ensure that, following the currency change, counterfeiting is limited and that Iraqis don’t go back to trading in the old currency.
~~~
Millionday: NOTE --THIS WAS SENT TO ME BUT

Millionday: HAS BEEN REPRINTED SINCE THEY HAVE BEEN REPORTING THE COINS (METAL)

Millionday: The step to delete zeros from the currency has been postponed several times, leading the parliamentary Economic Committee to demand that the CBI accelerate this project,

as Al-Sharqiya reported. In a news conference held July 6, the Economic Committee confirmed that the deletion of zeros will lead to an increase in the value of the Iraqi dinar and will have positive repercussions, including a reduction in unemployment and poverty rates in the country.

jtank: is it postponed or not?

Millionday: THIS AN EXACT REPORT THATY WAS PRINTED LAST YEAR SO VERY ODD WITH ALL OF THE DEMANDS WE HAVE SEEN

Millionday: SO AS WE CAN SEE THEY HAVE REPRINTED THIS ONE MORE TIME --

Millionday: Ahmed Abed Rabbo, the Ministry of Commerce is preparing to print about 8 million new ration card for the year (2016-2017) .ufema revealed the inclusion of all the families of the new model, including high earners and displaced people, confirmed that the new model is not available for fraud and manipulation.

Director of Monitoring and Planning Department at the Ministry Hussein Farhan said a special permit for "morning": that "the ministry is preparing to print a new model for the ration card (2016 -2017) for all of $ 7.8 million families by 36 million people, including the owners of high-income families, although withholding the ration card items for them, in addition to the displaced families.

Millionday: NOTE---THIS IS TO INCLUDE THE FINGERPRINTS TOO IMO --

Millionday: NOTE -- THEY ANNOUNCED THAT FOR SECURITY THEY WOULD BE USING FINGER PRINTS IF YOU WERE NOT HERE

Millionday: He explained that "the ministry took into consideration the needs of citizens for the ration card in the promotion of the various transactions in government departments",

adding that "the new model is not available for fraud and damage because it contains a high percentage of cotton and cellulose, Add to Alvesforh secret tape. "

said Farhan, "The Ministry will start distributing between supply centers in Baghdad and the provinces upon the completion of printing full form, as it will reach citizens by agents of the ration for free."

Millionday: NOTE -- A SECRET TAPE HAS BEEN INCLUDED --- WOW --- VERY PERRY MASON LOL

Millionday: NOTE -- HOWEVER THEY HAVE ANNOUNCED TO THE CITIZENS THAT THE NEW RATIION CARD SYSTEM IS STARTING

Millionday: He said the "distribution would be by bringing the old ration card model (2014 - 2015) to the Under-ration with photocopies of the identity card for each family member, in addition to housing card head of the household. "

 In the same vein, the Director of Planning and Follow-up Department stressed that the ministry is considering the application of the electronic card project of the items of the ration card which would provide the speed and flexibility high citizen during the process of assuming food vocabulary in specific appointments launched by the ministry.

He hilarious that he "will reduce the rings routine used and would completely eliminate the manifestations of financial corruption and Alaptzar posed to citizens by some food agents.

Millionday: NOTE -- THIS WILL SERVE AS YET ANOTHER WAY TO AVOID CORRUPTION -- AND IS STARTING -- THIS CERTAINLY WILL BE GOOD FOR THOSE THAT HAVE BEEN WAITING ON BENEFITS FUNDING

Millionday: include the ration of flour, rice, sugar and milk card items Kids, edible oil, after deducted the ministry powders and milk adults and legumes.

In the meantime, the ministry announced tenders for processing the amount of 50 000 tons of sugar and 10 000 tons of edible oil to support the ration card items.

Millionday: According to a ministry statement received "morning," a copy of it, that the import quantities of sugar according to the tender includes all origins except Thai TRR sign with the introduction of the amount of 10 000 tons of edible oil and origins of all except the Chinese to cover the ration card of materials requirements and according to the approved General Company for Foodstuff Trading with the specifications.

The statement noted that "Hotel Window Article sugar until 07/16/2015 while the presentations to be material to the food window Oil up to 12.7.2015 to be accompanied by Ptominac initial offers by a bank guarantee BID BOND or a certified check for the General Company for the food trade in the ministry as well as other archives.

Millionday: SO AS WE SEE THE BENEFITS ARE ONCE AGAIN BEGINNING

Millionday: Khandan - held Iraqi Prime Minister Haider al-Abadi, a telephone conversation with US Vice President Joe Biden. He said the Information Office of Ebadi said in a statement that during the phone call (discuss the political and security situation in Iraq and the region and the challenges they face and the victories achieved on gangs Daash terrorist addition to edit gray , Mosul and other areas).

Millionday: VICTORIES WITH MOSUL AND OTHER AREAS -- VICTORY -- WHOOOPOW

Millionday: He Abadi that (military operations in the continuous progress in all the pieces that we have determined to free all Iraqi territory), referring to the (importance of the cooperation of States to control the border to prevent the flow of terrorists).

 The statement noted that (Biden praised successes It realized the Iraqi government and the victories achieved by the Iraqi forces), pointing out that (the US administration continues to support the Iraqi government).

Millionday: SO THEY ARE CONTROLLING THE BORDERS AND THIS IS A PRAISING FROM BIDEN -- LOVE IT

Millionday: MOSUL IS GOOD NEWS

.MOD.subgirl: Have you found anything on the credit rating for Iraq on July 7th AND do you have to have a revalue IYO before the credit rating?

Millionday: I HAVE RECEIVED MANY CALLS ASKING ME ABOUT THE COMPLETION OF THE CREDIT RATINGS BY THE 7TH AND AM STILL LOOKING ---

Millionday: ALL I FOUND WAS A MEETING ON THE 7TH

Millionday: I WILL BRING THE FIRST THING I FIND THAT IS FOR SURE HUN

Millionday: I DONT THINK THEY HAVE TO REVALUE BEFORE THE CREDIT RATING BUT I WOULD THINK THE REFORM PLANS AND REVENUE EXPECTATIONS ETC WOULD BE RELEASED FOR THE RATING THOUGH OR AT LEAST THE SCHEDULE TO PAY ALL DEBTS

quicktolegit96: SUB, CREDIT RATING IS FOR CONFIDENCE TO BRING INVESTORS IN I BELIEVE...

Millionday: THE CREDIT RATING IS FOR MANY DETERMINATIONS HUN, INTEREST RATES FOR INTERNATIONAL BANKING

mary: Have you seen any dates on when the large bills/coins will be out ? Thank you...

Millionday: NO I HAVE NOT SEEN ANY DATES FOR THE RE-DENOMINATION YET HUN

Millionday: Capital Bank of Jordan was authorised last week by the Jordan Securities Commission ( JSC ) to raise its capital from JD181.5 million to JD200 million.

The JD18.5 million capital increase will be carried out through capitalising the amount from the JD44.16 million of retained earnings and distributing bonus shares at a rate of 10.19 to shareholders registered in the company's records at the end of July 7, 2015, which is 15th day from the date of the JSC approval, as required.

Millionday: SO REMEMBER JORDAN HAD NO PROBLEM WITH ANNOUNCING THAT IRAQ HAS HUGE OPPORTUNITY IN THE REGION AND WORLD ---REGISTERING THEIR COMPANIES HAS TO BE DONE BY THE 7TH AS WELL HMMMMM

Millionday: Mayssam action taken by the central bank to increase sales of the dollar in its daily auction, which led to the decline of the dollar in the parallel market price of the levels of 1400 dinars to the dollar to 1260 dinars is really an Annie was directly aimed at putting an end to the uproar that accompanied by rises in the exchange rate, and that could have been internal and external parties and the media,

which swore hostility to Iraq and plan for change that employed for the manufacture of more crises that are harmful to the country, but the Economic Observer remained puzzled by Omrh..flaoh on what is involved the move of a flagrant violation the text of the general budget for the 2015 law,

Millionday: NOTE -- REMEMBER THE MANY PROMISES BY CBI THAT THEIR ACTIONS WOULD RESOLVE THE PARALLEL RATES --

Millionday: , specifically the provisions of Article 50, which the observer finds confusion and clear the maker of monetary policy, or maybe he finds a clear condemnation of the consequences of which can be attached to the national economy due to interference in the work of the Central Bank directly responsible for monetary policy in the country, the manual mode .

It is known that Article 50 of the general budget, which identified the central sales at 75 million dollars a day the law came in coordination with the Central Bank and with the consent on the grounds that the exchange rate in the parallel market will be determined by aggregate demand depending on the market mechanism ..

 In this sense it was some economists are defending what is stated in Article 50 while the legislation budget law, arguing that this provision would limit the hard currency that do not go to funded foreign trade flow, and that rises in the exchange rate in the parallel market will probably be inevitable, but

Millionday: NOTE -- THEY HAVE SET REGULATIONS WITHIN THE BUDGET KNOWN AS ARTICLE 50 TO CONTROL SALES OF THE DOLLARS ALOTTED FOR

Millionday: The was objectors expecting the worst due to the need for basic to finance foreign trade, which is estimated in the range of 150 to 200 million dollars a day, in the absence of political and economic instability and hostility obviously for some countries in the region to Iraq,

which is working hard and spending high on the damage to the Iraqi economy, which will give an opportunity for speculators to manipulate the price exchange, according to the publicity and noise fifth column in addition to what is said on intervention independently work of the Central Bank,

and therefore the inevitability of the absence of monetary stability which the central work on it and spent for him money over more than ten years,

especially since the Article 50 included a provision calling for participating in the auction the bank to provide documents the introduction of goods and data of tax settling accounts and savings Alkmarki within 30 days from the date of purchase of the amount.

Millionday: NOTE -- WHOOOPOW LOOK AT THE EXPECTATION OF FOREIGN TRADE --RICH TRADE LOL

Millionday: NOTE -- SO TAKE A LOOK AT THAT

Millionday: NOTE -- 30 DAY PROVISION --- SMILE --

Millionday: which is incompatible with the logic of a quick profit, which Aatacht and matured by the capital of private banks described by some with shops,

at a time when the amount of sale specified in the auction for less than the rate of one-third than it was shall be punished by expulsion from the auction who did not submit a certificate of tax settling accounts and input Alkmarki and documents the purchase of goods,

which was likely a state of unreality as can be imagined, and the proverb says, "that I wanted to be obeyed and ordered what is possible," as it was natural to exclude a number of banks from the auction until the completion of tax settling accounts under the text of the budget law,
it is known that some, if not most of them, in fact, does not want to settling accounts as it enters the auction and get their quest for years ago, so how can it be Taathacb tax and the process of buying the dollar in less their situations and according to strict instructions.

Millionday :NOTE -- AS WE CAN SEE THIS IS ALL ABOUT THE APPLICATION OF THE MONETARY POLICY -- LOVE IT

Millionday: SO --- SORRY ABOUT THE BAD TRANSLATION

Millionday: Our current services we provide to our customers are as follows

Buying, selling and exchanging foreign currencies at the best prices.

Send remittances via WESTERN UNION system to all over the world in minutes.

Send regular and rapid transfers to various parts of the world, and as soon as possible.

Pay regular and rapid transfers incoming beneficiaries Upon receipt of the payment order, with an option to pay in cash or by check drawn on a bank of any of the banks that we are dealing with it.

Notice of the beneficiaries of remittances arrival of remittances on their mobile phones.

Delivery of Q cards holders.

The company is looking to offer more services to their customers in the light of the Iraqi Central Bank approval, please note that it will be announced to our customers if any new services are being developed.

Millionday: SO AS WE SEE -- WHOOOPOW

Millionday: WESTERN UNION IS HUGE AND ALSO REQUIRES ALL EXCHANGE RATES DATA ENTERED

Millionday: NOTE ==THEY ALSO WILL BE TAKING PART IN THE LOADING OF THE SMART CARDS/Q CARDS AS WELL

Millionday: REMEMBER THAT THEY WILL BE USED GLOBALLY -- WHOOOPPPOW

Millionday: SO ALSO ANY NEW SERVICES WILL BE HANDLED BY THEM AS WELL

Millionday: OK END OF FANTASTIC REPORT ---WHOOOPOW

Some Post RV Tips: Take what fits your individual situation and leave the rest by MIKEH, 3 JULY

Some Post RV Tips:  Take what fits your individual situation and leave the rest.

HOME SECURITY SUGGESTIONS:


_____ Install a security system in your house.

_____ Install a backup generator in case the electricity is cutoff in your house.

_____ Install high security Medco bolt locks.

_____ Consider installing a heavy-duty safe in your home or building a "safe room". I plan on having a hidden safe like what is available through this company: www.hiddenpassageway.com

_____ Install reflective film on your home windows.
....
_____ 1. INSURANCE:

_____ Upgrade your personal, home, auto and umbrella insurance to the highest amount they are willing to sell to you immediately following the RV.

_____ For example: if they offer $1 million on your vehicle, get it. It can be a first line of defense in the event someone tries to sue you from an accident (even a "planned accident").

_____ Consider ransom insurance, too!

_____ 2. PERSONAL SECURITY:

_____ Get training in self-defense / firearms.

_____ Don't flaunt your newly obtained wealth. Be very low-key.

_____ Be careful of your conversation in public areas where others can overhear you.

_____ Don’t trust anyone.

_____ Pick your friends wisely. Keep your friends close and your enemies closer.

_____ Close all of your social networking accounts. If anyone asks you why you closed your Facebook, just tell them for security reasons. (my husband and I have already done this).

_____ Completely erase all personal information on the internet.

_____ Do not have your home in your personal name (you can use a trust, for example). Remember, property tax records and other records associated with your home are easily available to the public.

____ 3. IDENTITY THEFT:

____ There are many companies available to assist you with protecting yourself from identity theft, such as Lifelock

**********

How to work a bank deal post RV

_____ First of all, relax. You do not have to cash out the very first day. You will have plenty of time. Make sure you are getting the best deal you can.

_____ Money talks and has considerable power. You need to walk into a bank and tell them what you expect if you choose to exchange your dinar there.

_____ You expect no fees, the highest rate possible (make sure you tell them the rates you can get elsewhere)

_____ Immediate access to your money

_____ An appointment with a private banker and

_____ An appointment with a wealth mgmt. consultant.

_____ A private or personal banker is your personal banker and they are there for you.

_____ This is your go to person for normal banking issues and transactions. They should be the only one to handle your account and you should keep their number on speed dial.

_____ Your private banker is always there for you and defers to your decisions.

_____ Make sure and feel comfortable with whom your private banker and wealth mgmt. advisor is and feel

_____ Free to ask for a new one if needed.

_____ Always ask for referrals, successful bankers do not mind providing this information.

_____ Then check on those referrals and ask questions such as…is the banker available when needed,

_____ Do they return calls in a timely manner,

_____ What is your track record with them.

_____ Do they follow your agenda or push their own?

_____ Since you are going to become very close to these people….

_____ You need to assure you have like personalities and are comfortable dealing with them.

_____ The bank we are dealing with makes additional resources available depending on your net worth.

_____ Worth (for lack of a better word) start at $250,000 in investable assets and go up from there.

_____ Obviously the more you are worth, the greater your accesses and privileges.

_____ Privileges include such things as …..

_____ Investment management,

_____ Concentrated stock management

_____ Intergenerational wealth transfer strategies.


_____ Make sure they are professional and not just someone you hear about on the internet. You've waited to long for this money to lose it via some internet scheme. Other things you need to ask for and expect includes…

_____ NO fees ever…. 

_____ NO cashier check fees,

_____ NO bank fees,

_____ NO credit card fees or

_____ Annual membership fees,

_____ Free use of a safety deposit box.

_____ You need to ask for a privileged ATM card. I am not sure what other banks call this so make sure and ask. It’s a debit card with higher daily limits or even unlimited depending on your situation and NO FEES, even when out of network.

_____ Be sure to determine both your ATM cash withdrawal daily limit (or no limit) and your debit card spending limit (or no limit). They’re different.

_____ Banks are well aware of how to verify and deposit foreign currency as they do this every day. Your dinar will be sight verified in front of you and deposited into your account.​

DINAR GURUS UPDATE, 3 JULY

7-3-2015   Intel Guru Frank26    [Is Iraq's credit rating still a go for July 7th?]   iMO...They have it...We public Joe does not yet.  Based on BONDS INTEL. We see international not domestic bonds.  [I think EID would be a great time for the Iraqi citizens to receive their share of the oil revenue!]  Was asked Monday if i feel 2015 is our year.  Don't know...But do know this is the FIRST time we see the HCL in its full statuesque form on the operating table...THE FIRST YEAR EVER!

7-3-2015   Newshound/Intel Guru BGG
  it is my strong belief something has to happen soon - there is a lot of stuff going on over the next 10 days or so... the 50 class note, Maliki, trials, $$ shortages - very, very exciting times. ...they may be forced into some kind of currency reform - whereas before it was more a "planned event"... exciting times.  ...do I care what the number?? or exactly when?? No - just get things going already!!

7-3-2015   Newshound Guru Chattels
   Article quote:  "Iraq's autonomous Kurdistan Regional Government (KRG) is backing away from its troubled oil export and revenue sharing agreement with Baghdad, by allocating much more of its oil production to autonomous sales and seeking to renegotiate its fiscal relationship with Baghdad.  CONTRARY TO CERTAIN COMMENTARIES...THE KURDS HAVE NOT BEEN AND ARE NOT HAPPY...

7-3-2015  Newshound/Intel Guru BGG   now for the good news - they have regained their senses and restarted the auctions...which - in the short term - is better for everyone. Using USD to attract IQD on the cheap is a good way to go. 
7-3-2015   Newshound Guru Aggiedad77   Article "Parliament's legal (et): next week will hold consultations between the three blocs to pass important laws"  This is a sign of some positive action that could be coming up next week within Parliament....plans by the Legal Committee to get a couple of these more important laws pushed to the forefront of the Parliament agenda hopefully....the National Guard Law, the Federal Court Law, and the Law of Parties....apparently these are close to a vote and are believed to be doable in the very near future.

7-3-2015  Newshound Guru Kaperoni
   One thing is for sure, if oil revenues remain low, they cannot afford to liberalize the foreign exchange selling dollars for a continued period, the auctions are getting too big...  The end result will be more patchwork and tricks. I know many ask the question..why don't they simply raise the value or begin currency reform as a solution? The answer is simple...Iraq is not ready yet...they need to pass laws, stabilize the environment, bring investment and investors, to create an environment that allows the dinar to rise as a means to offset inflationary pressure created by the transition to a market economy. This all works together, and for the success of the currency, the stage has to be set.   As Dr. Bakri said, Article VIII will come after the reform...which puts even more pressure on Iraq to get this done since Article VIII is also very necessary to allow freedom of movement of capital (convertibility worldwide).

LANDA GLOBAL CONFERENCE CALL ARCHIVES, 3 JULY

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