Frank & KTFA Members Questions & Comments
Post by Shade » May 31st, 2014, 2:01 am • Frank you said: Delta is like a little kid right now filled with excitement for the progress he is understanding. He gives me Time Frames, NOT Dates Normally. But the 20th is not an IR day (International Rate) it is the fulfillment of art. 8 We seek.
What does the underlined part mean? What’s the 20th if it’s not an IR day? Doesn’t the fulfillment of art 8 mean an IR must be in place?
realtormc wrote on May 30th, 2014, 10:55 pm: How is it that the VND will come out? That currency is already internationally traded currency. They’re in Article 8. It seems that Vietnam needs to reduce its money supply a lot before a change in value.
1 USD gets you like 20,000 VND with no trading restrictions
1 USD gets you like 1166 IQD with restrictions that are close to coming off.
~~~
james49 wrote on May 31st, 2014, 6:26 am: Vietnam only has 35 billion in reserves and thats not much to run a country and with China and Russia wanting to use their currency I IMO will take on a new and higher rate just as soon as the U.S.and Iraq stop playing patty cake with peoples lives. of course what do I know. Blessing to you
Post by hawger03 » May 31st, 2014, 1:20 pm • I’m sorry James49 but I have to disagree. Reserves don’t run a country…..reserves are just that, reserves. A nations currency is not determined by their reserves but by the productivity of their country.
Vietnam is a super productive country and, if allowed, their currency would be far greater. The problem is that large countries like the US and China have kept their boot on their backs. Under the types of restrictions that Vietnam has faced, most countries would have fallen long ago.
Vietnam keeps pushing and grows in spite of the oppression. IMO, Vietnam has all of the qualifications and the extra factor of perseverance that should push their currency to match their productivity. Blessings to you.
Post by edvision » May 31st, 2014, 3:05 pm • [Post 95] For Frank, because he likes things in threes.
HTTP://www.simonsfoundation.org/quanta/20140527-physicists-prove-surprising-rule-of-threes
KTFA Ed
Post by Millie » May 31st, 2014, 3:16 pm • [Post 98] What does this mean for us Frank. Is this good news? Thank you
Announcement From CBI
http://www.cbi.iq/documents/Announcemen29-5-2014.pdf
The Republic of Iraq
The Central Bank of Iraq
Greetings:
To all exchange companies and money transfer companies
Based on the provisions of paragraph 2 of Article 4 of the code of the Central Bank of Iraq, and the decision of the Board of Directors taken at meeting number 1511 on 4/30/2014, the agreement is as follows:
1. All exchange companies are to purchase the dollar directly from the CBI (wire transfer or cash). This is done through submitting an application to the foreign currency exchange window, following the mechanisims and instructions numbered 9/3/21 dated 1/26/2014.
2. Opening accounts in the Dinar and Dollar for the exchange companies for this bank should be done through the banking system (ICBS) for the purpose of foreign currency purchase.
This should be done in the following manner:
A. Current accounts will be opened in Dinars through the (ICBS) banking system for every company according to the request made by the company. The company is not provided with checkbooks for this account.
B. A code will be given to each account to deposit funds into the account through the (RTGS) system from the accounts of the exchanges.
C. An account will be opened using the Dollar for each company, and they will be provided checkbooks for the purpose of withdrawing the dollars sold by the bank, provided that this bank provides the names on the authorized withdrawals and copies of their signatures. The checkbooks are to be authorized exclusively for the purpose of withdrawing the dollar for it’s purposes.
D. As for the exchange, the companies will submit a formal letter signed and authorized (2 authorizations) entitled to The Direct General of Exchanges.
3. The company’s quantity sold in cash should not exceed 20% of the company’s capital for the purpose of direct sales.
4. Create units for supervising compliance and money laundering.
5. The money transfer companies are to provide us with the monthly balance, checked and signed by another legal accountant. This will show the extent of this company’s commitment to instructions number 19 of the year 2014.
With Respect,
General Director of the Agency
Abd Al-Abbas Khalaf Sultan
Post by aggiedad77 » May 31st, 2014, 3:58 pm • [Post 102]
First to note…..I’m doing this in RED with Frank’s permission……he would have posted but as I type he is getting his feet wet.
FAMILY……Frank and I were searching for this article yesterday…..we both missed it….as benblessed1 put it up on yesterday’s thread….and here it shows up again…..this time it got the necessary attention….it also ties in with the posts that WalkingStick has been posting today
BINGO!!!!
Please spend some time studying this CBI article…..study the news articles and try and understand what it means….how does this affect the CBI……the vendors……the Monetary Reform steps….share your ideas and thoughts
This is another step in the process……another step closer to what we all seek
Frank will explain more on the CC on Monday….but he is looking for input from anyone who is willing to share…..in a respectful manner. Blessings to you all Randy
Post by ewtohan » May 31st, 2014, 4:18 pm Mr Nova could you explain this to us … in would be better to hear it from a pro in the banking industry thank you in advance
Post by lcm » May 31st, 2014, 4:34 pm What does this mean????????
To me this means that we are a breath (short breath) away from what we are all waiting for.
Once this is done, the only other thing that needs to happen is release the rate and it’s done. International status and immediate ability to exchange dinars worldwide for dollars. Interesting how they are only talking about the dollar – dinar combination.
That may have been a very smart move on the AOP to set it up that way. IMO lcm
Post by Frank26 » May 31st, 2014, 5:20 pm Icm, USD and IQD ……. Only ……… YES!!!
Is this a preparation to compliment the 33 offices the CBI just recently licensed ?KTFA, Frank
Postby Kelly123 » May 31st, 2014, 5:31 pm Frank, maybe having the CBI in charge would be best … they have to be transparent and comply with international regulations and law, plus they have all the money. ???? hmmmm …. not sure though. Please tell me.
Post by Shade » May 31st, 2014, 4:41 pm Icm, with all due respect we’ve seen so many more steps that we did not know existed until after the fact so …. don’t hold that breath.
Post by Frank26 » May 31st, 2014, 5:28 pm Shade, True that ……. But will You join us in saying …….. This has NEVER before been seen in the MR of our investment.
Lets stay Strong as we study EVERY STEP …..They are willing to show us. KTFA, And give Thanks for it.
Post by Shade » May 31st, 2014, 5:52 pm Frank, Yes I will join you on that. Just saying that we don’t know how many breaths are left before an IR.
Post by Frank26 » May 31st, 2014, 4:58 pm Icm, I had a LONG talk with my broker last night. Why?
Because he buys dinars from Iraqi Brokers via the CBI. I am asking for Your opinion KTFA Family on this article.
If YOU were a broker in Iraq and the CBI just (TIMING) told You they want EVERYONE to go to the CBI to purchase dinars……….. What would You say or ……. Do?
Has Your control of the dinar gone out the window and into the windows of The CBI?
Is this STEP good or Dangerous for our investment?
WHO ……. KTFA FAMILY …….. Do YOU want to have 100% CONTROL of the Iraqi Currency called the ……… DINAR? Tell me ………. :hangloose: KTFA, Frank
Post by Shade » May 31st, 2014, 5:06 pm Shade wrote on May 31st, 2014, 2:01 am: Frank you said:
Delta is like a little kid right now filled with excitement for the progress he is understanding. He gives me Time Frames, NOT Dates Normally. But the 20th is not an IR day (International Rate) it is the fulfillment of art. 8 We seek.
What does the underlined part mean? What’s the 20th if it’s not an IR day? Doesn’t the fulfillment of art 8 mean an IR must be in place?
Post by Frank26 » May 31st, 2014, 6:02 pm Shade, I already explained this. Once again…….. DELTA and I seek an IR on or before the 15 th . If not by the 20th ………. We have to re- think this MR. KTFA, Frank
Post by cshessman » May 31st, 2014, 5:45 pm • [Post 143]
“aggiedad77″;p=434427]”Millie”;p=434420]What does this mean for us Frank. Is this good news?”
Announcement From CBI” http://www.cbi.iq/documents/Announcemen29-5-2014.pdf
Greetings and Blessings Family… In Simplistic Terms… The Kindling has been laid these past many months…The Lava has been flowing…. and now This Statement from the CBI is THE MATCH that is about to light our investment on FIRE! :run:
Family…you should have the Biggest Brightest Smile and Glowing Red cheeks on your Faces today! Amen!
Post by Frank26 » May 31st, 2014, 6:34 pm :rofl: …….. I believe they are now using an acetylene torch …… :lmao: KTFA, Frank
billuke wrote on May 31st, 2014, 4:59 pm:Although we’ve been told that M will be gone, Is there still the possibility of Maliki being the PM again?!?!
Postby Frank26 » May 31st, 2014, 5:48 pm First we need to see if his party wins. As I shared ……. Election results more than likely will be given to us on the 15th ……. Last nanoseconds. KTFA, Frank
Post by Kelly123 » May 31st, 2014, 5:54 pm • [Post 152]
“ cshessman wrote on May 31st, 2014, 5:45 pm:aggiedad77″;p=434427]”Millie”;p=434420]What does this mean for us Frank. Is this good news? Thank you Announcement From CBI”
http://www.cbi.iq/documents/Announcemen29-5-2014.pdf
one more step DONE!!!! {x} I think they are checking things off and doing the plan precisely as planned to the wire. No delays, we are watching it happen as planned to the wire!
I think turning on the currency is coming … the steps in between an IR are few!!! (IMHO)
Post by aggiedad77 » May 31st, 2014, 5:56 pm Frank, I do believe we saw an article today from the Electoral Commission that is stating the election should be ratified on June 10….don’t know if that means we will actually hear the results that day but we can hope….just saying’
This has turned into an exciting day….by the way…you did authorize that red post didn’t you….. :rofl: I love it when I can get you excited….. Randy
Post by hawger03 » May 31st, 2014, 1:20 pm • I’m sorry James49 but I have to disagree. Reserves don’t run a country…..reserves are just that, reserves. A nations currency is not determined by their reserves but by the productivity of their country.
Vietnam is a super productive country and, if allowed, their currency would be far greater. The problem is that large countries like the US and China have kept their boot on their backs. Under the types of restrictions that Vietnam has faced, most countries would have fallen long ago.
Vietnam keeps pushing and grows in spite of the oppression. IMO, Vietnam has all of the qualifications and the extra factor of perseverance that should push their currency to match their productivity. Blessings to you.
Post by edvision » May 31st, 2014, 3:05 pm • [Post 95] For Frank, because he likes things in threes.
HTTP://www.simonsfoundation.org/quanta/20140527-physicists-prove-surprising-rule-of-threes
KTFA Ed
Post by Millie » May 31st, 2014, 3:16 pm • [Post 98] What does this mean for us Frank. Is this good news? Thank you
Announcement From CBI
http://www.cbi.iq/documents/Announcemen29-5-2014.pdf
The Republic of Iraq
The Central Bank of Iraq
Greetings:
To all exchange companies and money transfer companies
Based on the provisions of paragraph 2 of Article 4 of the code of the Central Bank of Iraq, and the decision of the Board of Directors taken at meeting number 1511 on 4/30/2014, the agreement is as follows:
1. All exchange companies are to purchase the dollar directly from the CBI (wire transfer or cash). This is done through submitting an application to the foreign currency exchange window, following the mechanisims and instructions numbered 9/3/21 dated 1/26/2014.
2. Opening accounts in the Dinar and Dollar for the exchange companies for this bank should be done through the banking system (ICBS) for the purpose of foreign currency purchase.
This should be done in the following manner:
A. Current accounts will be opened in Dinars through the (ICBS) banking system for every company according to the request made by the company. The company is not provided with checkbooks for this account.
B. A code will be given to each account to deposit funds into the account through the (RTGS) system from the accounts of the exchanges.
C. An account will be opened using the Dollar for each company, and they will be provided checkbooks for the purpose of withdrawing the dollars sold by the bank, provided that this bank provides the names on the authorized withdrawals and copies of their signatures. The checkbooks are to be authorized exclusively for the purpose of withdrawing the dollar for it’s purposes.
D. As for the exchange, the companies will submit a formal letter signed and authorized (2 authorizations) entitled to The Direct General of Exchanges.
3. The company’s quantity sold in cash should not exceed 20% of the company’s capital for the purpose of direct sales.
4. Create units for supervising compliance and money laundering.
5. The money transfer companies are to provide us with the monthly balance, checked and signed by another legal accountant. This will show the extent of this company’s commitment to instructions number 19 of the year 2014.
With Respect,
General Director of the Agency
Abd Al-Abbas Khalaf Sultan
Post by aggiedad77 » May 31st, 2014, 3:58 pm • [Post 102]
First to note…..I’m doing this in RED with Frank’s permission……he would have posted but as I type he is getting his feet wet.
FAMILY……Frank and I were searching for this article yesterday…..we both missed it….as benblessed1 put it up on yesterday’s thread….and here it shows up again…..this time it got the necessary attention….it also ties in with the posts that WalkingStick has been posting today
BINGO!!!!
Please spend some time studying this CBI article…..study the news articles and try and understand what it means….how does this affect the CBI……the vendors……the Monetary Reform steps….share your ideas and thoughts
This is another step in the process……another step closer to what we all seek
Frank will explain more on the CC on Monday….but he is looking for input from anyone who is willing to share…..in a respectful manner. Blessings to you all Randy
Post by ewtohan » May 31st, 2014, 4:18 pm Mr Nova could you explain this to us … in would be better to hear it from a pro in the banking industry thank you in advance
Post by lcm » May 31st, 2014, 4:34 pm What does this mean????????
To me this means that we are a breath (short breath) away from what we are all waiting for.
Once this is done, the only other thing that needs to happen is release the rate and it’s done. International status and immediate ability to exchange dinars worldwide for dollars. Interesting how they are only talking about the dollar – dinar combination.
That may have been a very smart move on the AOP to set it up that way. IMO lcm
Post by Frank26 » May 31st, 2014, 5:20 pm Icm, USD and IQD ……. Only ……… YES!!!
Is this a preparation to compliment the 33 offices the CBI just recently licensed ?KTFA, Frank
Postby Kelly123 » May 31st, 2014, 5:31 pm Frank, maybe having the CBI in charge would be best … they have to be transparent and comply with international regulations and law, plus they have all the money. ???? hmmmm …. not sure though. Please tell me.
Post by Shade » May 31st, 2014, 4:41 pm Icm, with all due respect we’ve seen so many more steps that we did not know existed until after the fact so …. don’t hold that breath.
Post by Frank26 » May 31st, 2014, 5:28 pm Shade, True that ……. But will You join us in saying …….. This has NEVER before been seen in the MR of our investment.
Lets stay Strong as we study EVERY STEP …..They are willing to show us. KTFA, And give Thanks for it.
Post by Shade » May 31st, 2014, 5:52 pm Frank, Yes I will join you on that. Just saying that we don’t know how many breaths are left before an IR.
Post by Frank26 » May 31st, 2014, 4:58 pm Icm, I had a LONG talk with my broker last night. Why?
Because he buys dinars from Iraqi Brokers via the CBI. I am asking for Your opinion KTFA Family on this article.
If YOU were a broker in Iraq and the CBI just (TIMING) told You they want EVERYONE to go to the CBI to purchase dinars……….. What would You say or ……. Do?
Has Your control of the dinar gone out the window and into the windows of The CBI?
Is this STEP good or Dangerous for our investment?
WHO ……. KTFA FAMILY …….. Do YOU want to have 100% CONTROL of the Iraqi Currency called the ……… DINAR? Tell me ………. :hangloose: KTFA, Frank
Post by Shade » May 31st, 2014, 5:06 pm Shade wrote on May 31st, 2014, 2:01 am: Frank you said:
Delta is like a little kid right now filled with excitement for the progress he is understanding. He gives me Time Frames, NOT Dates Normally. But the 20th is not an IR day (International Rate) it is the fulfillment of art. 8 We seek.
What does the underlined part mean? What’s the 20th if it’s not an IR day? Doesn’t the fulfillment of art 8 mean an IR must be in place?
Post by Frank26 » May 31st, 2014, 6:02 pm Shade, I already explained this. Once again…….. DELTA and I seek an IR on or before the 15 th . If not by the 20th ………. We have to re- think this MR. KTFA, Frank
Post by cshessman » May 31st, 2014, 5:45 pm • [Post 143]
“aggiedad77″;p=434427]”Millie”;p=434420]What does this mean for us Frank. Is this good news?”
Announcement From CBI” http://www.cbi.iq/documents/Announcemen29-5-2014.pdf
Greetings and Blessings Family… In Simplistic Terms… The Kindling has been laid these past many months…The Lava has been flowing…. and now This Statement from the CBI is THE MATCH that is about to light our investment on FIRE! :run:
Family…you should have the Biggest Brightest Smile and Glowing Red cheeks on your Faces today! Amen!
Post by Frank26 » May 31st, 2014, 6:34 pm :rofl: …….. I believe they are now using an acetylene torch …… :lmao: KTFA, Frank
billuke wrote on May 31st, 2014, 4:59 pm:Although we’ve been told that M will be gone, Is there still the possibility of Maliki being the PM again?!?!
Postby Frank26 » May 31st, 2014, 5:48 pm First we need to see if his party wins. As I shared ……. Election results more than likely will be given to us on the 15th ……. Last nanoseconds. KTFA, Frank
Post by Kelly123 » May 31st, 2014, 5:54 pm • [Post 152]
“ cshessman wrote on May 31st, 2014, 5:45 pm:aggiedad77″;p=434427]”Millie”;p=434420]What does this mean for us Frank. Is this good news? Thank you Announcement From CBI”
http://www.cbi.iq/documents/Announcemen29-5-2014.pdf
one more step DONE!!!! {x} I think they are checking things off and doing the plan precisely as planned to the wire. No delays, we are watching it happen as planned to the wire!
I think turning on the currency is coming … the steps in between an IR are few!!! (IMHO)
Post by aggiedad77 » May 31st, 2014, 5:56 pm Frank, I do believe we saw an article today from the Electoral Commission that is stating the election should be ratified on June 10….don’t know if that means we will actually hear the results that day but we can hope….just saying’
This has turned into an exciting day….by the way…you did authorize that red post didn’t you….. :rofl: I love it when I can get you excited….. Randy
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annmarchus wrote on May 31st, 2014, 5:26 pm::working: frank, I would want control of my dinar not the cbi to decide for me!
Post by Frank26 » May 31st, 2014, 6:18 pm annmarchus, Sadly Friend …… |
