NEWSSTIME WITH BGG and Co. MONDAY, OCTOBER 31, 2016
BGG says(6:46 PM):
Hey gang - we all ready for some News Time??
magnetlady says(6:46 PM):
You Bet
coco1 says(6:46 PM):
Beyond ready!!!
wilson6060 says(6:46 PM):
(y)
DHOLLA says(6:46 PM):
Just waiting on more good news........not like i haven't already read all the current Iraq good news
magnetlady says(6:47 PM):
You are most welcome BGG
BGG says to magnetlady(6:47 PM):
We really appreciate it.
BGG says(6:48 PM):
I guess I should have done a tweet and e-mailer for my own News Time...
magnetlady says(6:48 PM):
Love to do it and have now got some helpers . YEA
magnetlady says(6:48 PM):
hahaha
It was in the blog and advertised in the chat room
BGG says(6:49 PM):
seems so "self-promoting"
I really hadn't thought about that until just now...
magnetlady says(6:49 PM):
Naw, we love it
MadDScout says to BGG(6:49 PM):
Facebook advertised it
magnetlady says(6:49 PM):
See there ya go
rcbegan1 says(6:49 PM):
Will we be able to ask questions tonite? If so, what is the proper way to ask?
magnetlady says(6:49 PM):
Thanks MadDScout
MadDScout says to magnetlady(6:50 PM):
My pleasure
BGG says to rcbegan1(6:50 PM):
You are - go ahead.
Now... and thank you for tuning in...
rcbegan1 says(6:51 PM):
Thank you. How does the deleting of the zeros affect out investment if we have all large bills??
BGG says to rcbegan1(6:51 PM):
Great question..
the "Deleting of the Zeros" program - IS THE PROCESS of raising the value and removing the large notes from the marketplace.
it is the "effect" you are looking for (BTW - this is that one instance "effect and affect" are ALMOST interchangable )...
jimplants says(6:54 PM):
amen
rcbegan1 says(6:54 PM):
Thank You, I understand your response about removing the large bils from the market place. Will we be able to cash in the large bills at the increased value?
BGG says to rcbegan1(6:56 PM):
The "affect" on your investment (if you have these large bills) is you will experience this surge in value... in fact, any size bills will do...
rcbegan1 says(6:57 PM):
THANK YOU
BGG says to rcbegan1(6:57 PM):
it is highly likely you will be able to exchange these bills at an increased value. Obviuosly - why we are all here.
However, none of what I portray is any long stretch - they have written directly on these subject(s).
Great questions...
On to News Time
BGG says(7:00 PM):
Mrs BGG - would you mind saying a quick prayer to get us started off right??
MrsBGG says(7:00 PM):
Heavenly Father, we come to you by the blood of Jesus. Thank You for Your Grace, Mercy, and forgiveness! Thank You that You are Faithful & True! We thank You for answered prayer Thank You for the joy of brothers and sisters in Christ . Thank You for all those who serve and help on the site! Thank You for the sense of humor that this room has Thank You for Your peace that passes all understanding We pray for BGG as he brings us News thank You for his leadership We pray that You will keep the children safe tonight all over the country as they go out and to their fall festivals. We love You and trust You We pray that You will bless each person and their families here. We give You all the glory, honor, and praise! In Jesus Name, Amen.
MrsBGG says(7:03 PM):
Okay welcome everyone to News Time!! We're glad that you are here; Sit back and relax! For anyone who is new here, welcome; If anyone has a question or comment , please use a ? and we will call on you; It makes it easier on the copiers and readers to follow. Thank you for your understanding.
Thank you Mags for copying!!
Mags is our fearless copy leader!!
MrsBGG says(7:04 PM):
If anyone is interested in helping with copying , you can let Mags know
BGG says(7:05 PM):
Here we go...
$ 50 billion of the Central Reserve
BAGHDAD / Center Brief National NNC- said the parliamentary finance committee member Masood Haider, the central bank has the cash mass of up to $ 50 billion.
He said Haider, in a press statement that "the money supply maintained by the central bank for the award of the dinar Iraq up to $ 50 billion," denying "the money supply drop to $ 45 billion, according to some media."
He continued that "the amount of financial loans received by Iraq in the current year amounted to approximately $ 10 billion; to secure the weapons and ammunition needed by our security forces in the liberation of the cities Daesh operations of the terrorist gangs, as well as secure the amounts of some ongoing projects."
Economists point out that Iraq is losing $ 9 billion a year from the cash reserve at the central bank, which raises many concerns for the future of the cash reserves of foreign currency.
Iraq has suffered a financial crisis; due to lower international oil prices, as well as the war waged against Iraq Daesh terrorist gangs
BGG says(7:06 PM):
BTW - hang in there... We have TONS of News to cover...
BGG says(7:07 PM):
Thanks to RCookie for bringing the previous into Chat earlier...
Haider al-Abadi confirms Iraq's desire to protect the independence of the judiciary and the protection of the state
Iraqi Prime Minister Haider Abadi, Iraq's desire to protect the independence of the judiciary and the protection of the state.
A statement by the Office of the latter Abadi discussed with the head of Iran's judiciary Sadeq Larijani ways to strengthen relations between the two countries and cooperation in the fight against terrorism and corruption.
Expectations approve the budget before the end of the year
Expectations approve the budget before the end of the year
BAGHDAD / Sabah - predicted the financial advisor to the prime minister appearance of Mohammed Saleh approve the budget year 2017 before the end of this year...
Finance Committee visited headed by MP Mohammed Halbusi Central Bank of Iraq has been discussed many things with the Governor of the Central Bank on the Keywords Advanced cadre belonging to the Bank's business and financial reality and Economic been listening to the steps and mechanisms established by the Bank Administration to regulate the work of the auction currency.
The committee said in a statement that "it was stressed the necessity of activating the regulatory instruments of the Bank and hold negligent and non-committed to the instructions and regulations issued it."
The statement pointed out that "the parliamentary financial support of the private sector and work to create plans to develop and to assign the industrial, agricultural and commercial sector.
MadDScout says(7:21 PM):
It looks like they want accross the board implementation of the new rules
and follow up on any business not within standards
More transparency
1bobby says(7:23 PM):
?
MadDScout says(7:23 PM):
"the parliamentary financial support of the private sector and work to create plans to develop and to assign the industrial, agricultural and commercial sector."
MadDScout says to 1bobby(7:23 PM):
Go
1bobby says(7:24 PM):
Would this also fall in line with rcookies article in regards to the auctions. In that article it spoke of an outside agency called Transparency International
A few articles out lately about the auctions
MadDScout says to 1bobby(7:25 PM):
This may be, presently I would need to read that report
1bobby says(7:25 PM):
Thanks
MadDScout says to 1bobby(7:25 PM):
Yes quite a few actually
david334 says(7:25 PM):
Have they prioritized the key investment laws that will set the stage for an international currency and allow capital to flow into the country or are we still focusing on narcotics and hyonotics?
MadDScout says to david334(7:26 PM):
I am sure that is being addressed although it did not show up yet on the agenda for parliament
BGG says to david334(7:26 PM):
They have had the Investment and Banking Laws "on deck" for a while now...
there is NO DOUBT the IMF has given them "the word".
david334 says(7:27 PM):
OK thanks!
BGG says to david334(7:27 PM):
investors have to have "an exit" - otherwise they WON'T ENTER.
david334 says(7:28 PM):
Tough to get those laws passed, it seems
BGG says to david334(7:28 PM):
the wall of investment income they are expecting - will NEVER HAPPEN... without the investment law.
I don't think so... when it is time - BOOM.
think about the General Amnesty Law - it was done and over before most of the Guru's had any clue.
printed in the Gazette - with Shias whining about it and judges saying "it's the Law"... sorry.
david334 says(7:30 PM):
Right
BGG says(7:31 PM):
Thanks to RCOOKIE for this one...
Detect theft of more than 75 billion dinars in the Rasheed Bank
Baghdad/range
The Inspector General's Office of the Ministry of Finance on Sunday, revealing a robbery more than 75 billion dinars in a good Bank, confirming transfer involved to eliminate through a body integrity.
The Office said in a statement received "range", a copy of it, "the Inspector General's Office of the Ministry of finance revealed a robbery for 75 billion and 629 dinars in a good Bank," referring to "complete the investigations revealed the theft last month and refer those involved to eliminate through Commission of integrity."
BGG says(7:32 PM):
BTW - tune in tomorrow nite for another great call with RCOOKIE, Mr. White & Hutch (with guests??)
I think he said 7:00pm CST...
BGG says(7:35 PM):
And one more from RCOOKIE (and others)...
Dinar Dave says(7:36 PM):
Wonder why the 629 dinar.... What would that buy???
BGG says(7:36 PM):
Names and any block they belong. Owners of private banks involved in money laundering and smuggling out of the country (details)
An informed source revealed Monday, the names of owners of private banks involved in money laundering and smuggling hard currency to banks outside Iraq.
The source said in a press statement, there are many private banks involved in money laundering and smuggling out of Iraq:
1. antrkontental bank owned Roz Nuri shawis Kurdistan Alliance
2. Bank of Assyria belongs to Salih-Kurdistan Alliance
3. the Mediterranean Bank owned by Humam hammoudi-block citizen
4. the Middle East investment bank owned by Ahmed's PM-citizen Hill
5. United Bank of investment owned by Adel Abdul Mahdi-block citizen
6-Islamic country bank owned by Alaa al-Musawi-block citizen
7. an investment bank owned by Talal Mansoor Al-zawbai-strong Union.
8. the Tigris-Euphrates Bank for development and investment, owned by Talal Al-zawbai-strong Union.
9. connector development bank owned by Usama Najafi-strong Union.
10. investment bank owned by Khamis dagger-strong Union.
11. Beirut Arabic country bank owned by Mahdi relationship-State law
12. the Iraqi trade bank owned by Walid ornaments-State law +
13. Dar es Salaam owned by Amanda-liberal block
14. a bank owned by Hamad Al-Mussawi guidance-free block
15. the Lebanese French bank owned by Mohamed Al-daradji-liberal block
BGG says(7:37 PM):
MadDScout (Dinar Guru) - Article: The Central Bank succeeds in raising the value of Iraqi dinar to us dollar I want everyone to keep their feet on the ground. We can only ever watch the action. When the action bears this out to be an accurate report, then I will throw a party. [IS this the only source of this sort of news?] No I have seen it in 5 places 5 sources... I am watching with both eyes.
BGG says to Dinar Dave(7:37 PM):
I'm not buying that...
they've pretty much laid out a map... it's not 629:1
IMHO
MrsBGG says(7:38 PM):
Are there any questions or comments?
Dinar Dave says(7:38 PM):
Just found it funny printing the 629...lol
BGG says to Dinar Dave(7:39 PM):
Still not buying...
BGG says to Dinar Dave(7:39 PM):
On the Keywords: we underestimated the effects of the financial crisis in Iraq in several ways
On the Keywords - we underestimated the effects of the financial crisis in Iraq in several ways
Roudao Dohuk systems at the American University in Dahuk province, an economic conference, discuss the financial problems in Iraq, with the participation of senior financial and economic officials. The governor of the Iraqi Central Bank, on the Keywords, during the conference , We underestimated the impact of the financial crisis in Iraq in many ways...
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