millionday] this was sent to me and i have verified it
[millionday] The Iraqi Central Bank, said that the World Bank praised the draft reform of the banking sector in Iraq. The Bank said in a statement that the Bank had received a letter from the World Bank commends the report issued by the international auditing company on the financial statements of the draft reform of the banking sector in Iraq. He added that the report was devoid of any observations or reservations and this report reflects the efforts made by the Iraqi Central Bank management
[millionday] note
– the monetary plan and banking reform details have been accepted [millionday] Najafi looking with the head of the central bank control mechanisms on the exchange rate and the development of the Bank’s work Search House Speaker Osama Najafi with the Governor of the Central Bank of Iraq and Abdul Basit Turki agency, control mechanisms on the exchange rate, and procedures against the violation banks.
The central bank has promised to take measures to raise and stabilize the dinar as it was in the past, but the rate of the dinar is still volatile in the Iraqi market to fall and rise
[booboo] are they trying to stall again?
[millionday] A statement by the Office of the President of the House of Representatives and received all of Iraq [where] a copy of the “Najafi search through a meeting in his office Governor of the Central Bank and the Agency for ways to reduce the damage caused by the previous bank policies and forwarded to the judiciary.”
He added that “Najafi expressed during the meeting to support the House of Representatives of the Central Bank and his administration the current in order to strengthen the cash balance and control of the exchange rate to serve the interests of the Iraqi citizen, stressing the importance of completing procedures develop the Bank’s work, especially in the field of electronic connectivity with banks and regulatory authorities such as customs and taxes
[millionday] no not stalling — moving forward
[millionday] The statement added that “the meeting dealt also discuss measures undertaken by the banking policies to remove the implications in the period after the lifting of U.S. protection of Iraqi funds in and out of the provisions of Chapter VII.”
He called on the President of the House of Representatives to “hold a meeting with the Committee of indebtedness which is chaired by Rose Nuri Shaways Deputy Prime Minister for Economic Affairs and the membership of the oil minister, Justice, Finance, Foreign Affairs and Chairman of the BSA, to study and discuss the mechanisms in place to address the issues of debt after the lifting of U.S. protection of Iraqi funds
[millionday] note — looks like we have moving forward and progress
[millionday] The Central Bank of Iraq, issued new instructions to stabilize the exchange rate of the Iraqi dinar against foreign currencies select the stakes weekly for banks and money transfer companies and trading firms currency from the dollar is estimated according to the capital of each of them, and will increase and reduce this share compared to the commitment of all of them deliver the amounts wants customers from citizens.
The central bank starts to put the dollar at an auction for the sale of foreign currency at subsidized prices and the lowest of the real exchange rate in the market to support the dinar
[tiger_ag] so have they already studied mechanism and this is the discussion of said mechanism? or do we need to form committee to do this discussion?
[millionday] so as we expected they are going to enter the rate fixed and the world bank has approved the completion of the reform and its content
[Fresh] tiger_ag they’ve been studying for years IMO
[tiger_ag] Fresh yes, but concerning to read that they need to meet and study some more… will sit on hands now
[millionday] the studying is over
[faith1] Yea yea yea
[millionday] this is the presentation of the reform in writing as it has been decided and will be implemented
[millionday] no one sits on hands at roundtable — this is discussion time we all put in and that is how we love it hun – so what do we have from anyone else – anyone have anything in ink today or that they would like to talk about i would like to talk about a lexus lol
[The s family] Seems like there is always more to be done?
[Rudie] BMW for me!!
[schmidtberger] Escalade…..
[The s family] Bmw for me too!
[mydinar100] I heard Obama has approved a currency tax recently. Do you know if there is any truth in this.
[gpleas] Millionday on your opinion everyone says anytime but by reading this this could take a couple weeks or a month
[millionday] smile
[Rudie] The s family smile
[bluedog2] I’m looking at an LR4
[tiger_ag] The s family those are my sentiments today……thought i was just being a grump gus… lol
[millionday] mydinar100 yes that is true and complete
[Fresh] millionday millionday millionday news has been heating up ever since we last saw each other at midnight in chat lol
[rollonjohn] millionday Do we know what their next step is?
[The s family] tiger well your not grumpy alone! I’m with ya!
[baggr42] It seems that they area the cusped of doing it. Is the Fed Council in the way because it is not seated
[bluedog2] Can we discuss the currency tax? I’m not familiar with what Obama has put in place.
[millionday] Fresh oh yes — it seems that they have had a huge meeting — love it
[CaliDreamers] millionday We like the new Lincoln hybrid.lol
[millionday] rollonjohn application
[millionday] bluedog2 yes let me see if i can find it brb
[faith1] Does this say NOW to you,,, am I reading this correct NOW , Now , Now!! “The central bank has promised to take measures to raise and stabilize the dinar as it was in the past, but the rate of the dinar is still volatile in the Iraqi market to fall and rise.”
[bluedog2] thanks.
[dlherm] I’m looking at a bmw 5 series for my everyday driver but in a quandary about what suv to get!!
[bluedog2] at least it’s not s**n faith1
[topgun3182] Equus for me
[CLA] Infiniti!!!
[momface] millionday is the HCL done?
[wheresmyRV?] Shelby GT 500 for me!
[baggr42] Rocket ballz irons
[millionday] faith1 that means that it will still need to be monitored to keep it from creating inflation ect as in all countries — they will be exposed to the outside world economic problems
[Fresh] Love the car selections!!!
[baggr42] It seems that they area the cusped of doing it. Is the Fed Council in the way because it is not seated
[tiger_ag] theres a nice 68 firebird convertible with a 404 that i got an eye on….dont want both eyes on it yet…..
[The s family] I saw where the cbi auditing was completed. Did you mention that already?
[bluedog2] Is this going to be Iraq only, or is there a “basket” full of countries that will revalue?
[faith1] fall and rise,,, so a managed float ,,, right?? !!
[millionday] momface hello hun — they have 5 committees working on it and have reported that they are done with amendments and are happy with it — its on the table to be voted through — not an issue
[wilbur48] Baghdad (AIN) –The parliament Speaker, Osama al-Nijaifi, discussed with the Acting Head of the Central Bank of Iraq, Abdul Basit Turki, the means of controlling the exchange rate and the actions against the violating banks. A statement by Nijaifi’s office received by AIN cited “Nijaifi and Turki discussed the means of reducing the effects of the banking
[tiger_ag] faith1 i think 2% every month or so?
[LBnFL] Pilatus for me http://www.pilatus-aircraft.com/
[schmidtberger] tiger_ag ….nice choice on car.,..
[tiger_ag] schmidtberger yeah, dont be asking me where it is… lol
[momface] millionday ty
[millionday] nice
[faith1] tiger_ag,,,, i think every 90 days…
[schmidtberger] tiger_ag …what color?
[baggr42] It seems that they area the cusped of doing it. Is the Fed Council in the way because it is not seated
[tiger_ag] schmidtberger i’m not sure maybe white or red or ….
[millionday] The s family yes the auditing for cbi is done
[schmidtberger] lol
PART 2 CONTINUED