Chatroom Log Thursday

[19:30:31] AMG: good to see budget is done
[19:47:17] AMG: what’s next after the budget????
[19:47:28] TRC: auctions at CBI have been changed for February
[19:47:46] AMG sent an audio message: Clear Throat
[19:47:55] TRC: not sure
[19:48:12] AMG: changed how??
[19:48:43] TRC: limiting the auctions
[19:48:43] AMG: is very happy to see budget FINALLY done
[19:48:54] AMG: oh, ok
[19:49:31] AMG: wonder what that will actually accomplish…………..we’ll see
[19:50:15] TRC: CBI bonds have not been released yet
[19:50:25] TRC: still waiting on that
[19:51:00] AMG: has a doctorate in “waiting”
[19:51:05] AMG sent an audio message: Laugh
[19:52:23] TRC: CBI is much more involved in budget than previously
[19:54:10] TRC: lots of changes,
[19:54:29] TRC: getting budget passed will get rest started
[19:54:55] AMG: hopefully
[19:55:00] AMG: soon
[19:55:08] AMG: ^.^
[19:57:00] TRC: they voted over 60 times
[19:57:06] TRC: they are tired
[19:57:33] AMG: wish i could have seen that but, work got in the way
[19:58:14] AMG: guess they will take a short break
[19:58:21] TRC: never seen such an event in Iraq
[19:58:55] AMG: awesome – history has been made with more to come
[19:59:05] When is RV?
[19:59:05] Do we have date and rate
[19:59:53] AMG sent an audio message: Laugh
[19:59:58] TRC: Abadi has changed the political environment from top down
[20:00:22] AMG: sure has kicked butt
[20:00:28] AMG: loves it
[20:01:54] TRC: state law/maliki’s party tried to hold things up
[20:02:09] TRC: but for some reason did not work
[20:02:10] AMG: no surprise there
[20:02:41] AMG: will be glad when M is behind bars
[20:02:58] AMG: what a LOSER
[20:03:10] AMG sent an audio message: Yell!
[20:03:15] TRC: I think his party has lost alot of influence
[20:03:23] AMG: yup
[20:04:41] TRC: new budget begins February 1st
[20:05:59] TRC: will be in gazzette in record time
[20:06:27] TRC: supposed to be in gazzette by midnite on 31st
[20:06:42] TRC: we aren’t used to this speed
[20:07:09] AMG: for sure
[20:07:27] AMG: ^.^ but, we likee
[20:07:30] AMG sent an audio message: Drumroll
[20:08:00] TRC: used to take couple weeks to get in gazzette
[20:09:39] TRC: I think having an economist like Abadi in leader position may have thing to do with it
[20:10:24] AMG: ;)
[20:12:03] TRC: on bad news note, oil was down today
[20:12:46] AMG: hmm, MSn said it was up………………not sure
[20:13:15] AMG: I trust your sources TRC
[20:13:16] 79 days: methinks the more oil is down, the more Iraq looks to other ways to secure money
[20:15:55] TRC: oil in NY was 44.50
[20:16:07] TRC: :*-/
[20:19:06] TRC: 79 days that is the plan
[20:20:29] 79 days: seriously, when oil is this low, there is no plausable explanation. Iraq is almost all oil for its industry. methinks the world that set up this scenario is tired of waiting. never see it in writing.
[20:21:01] 79 days: 4 bucks a gallon to 1.88 ?!?
[20:21:13] 79 days sent an audio message: Laugh
[20:24:03] TRC: will be more changes to financial system
[20:24:16] 79 days: seems like its working, can see this whole economics thing being pushed finally
[20:25:03] TRC: limiting currency auctions, should mean lifting restrictions on global forex market
[20:29:31] TRC: CBI did say recently they will make it easier to buy n sell foreign currencies
[20:29:46] TRC: does it begin in February?
[20:30:22] 79 days sent an audio message: Drumroll
[20:32:52] 79 days: only have about 50+ hours to wait and see. Sunday is the 1st. always heard that a rate adjustment would be easiest on a Sunday for Iraq
[20:34:36] TRC: yes
[20:36:36] 79 days: no problem with having to wait till Sunday lol
[20:37:48] TRC: lol
[20:37:56] TRC: what choice we have
[20:40:33] AMG: yup, Superbowl Sunday
[21:38:07] TRC: February is looking better every day
[21:39:42] TRC: record oil exports, budget goes into effect, CBI lifting restrictions on foreign currency sales
[21:40:27] design: sounds good

Chatroom Log Sunday

[11:18:01] teledive: these things fall into place IMF loans to the Iraqi government
[11:18:30] teledive: the 2 billion and they restructure their monies and everybody is happy!
[11:19:48] 81 days: loved that article last night
[11:20:03] 81 days: we were just talking about it
[11:20:11] TRC: yes, that post describes where we are
[11:20:14] teledive: awesome read it was
[11:22:54] 81 days: When is rv
[11:23:06] 81 days: do we have a date and rate?
[11:23:30] teledive: si…soon
[11:32:14] TRC: CBI board of directors held extraordinary meeting
[11:32:20] TRC sent an audio message: Drumroll
[11:33:13] TRC: “the Board decided to take the necessary measures to support liquidity in the banking system to allow it to perform its functions normal, at the same time, the acquisition of government debt instruments to enhance sustainable development, job creation and prosperity.”
[11:34:19] TRC: “The Council also decided to simplify the procedures for the sale of foreign currency,” Money and Cash “in order to facilitate the stability of the market and the exchange rate.”
[11:40:48] 81 days: OMG, its happening, isnt it TRC
[11:41:04] 81 days: loves the word Prosperity, that and no PIP
[11:41:36] TRC: not confirmed, but looks good
[11:41:41] TRC: :)
[11:44:08] design: :)
[11:44:38] 81 days: well, of course they aint gonna tell us the exact plan, but reading between the lines this is definitely light at the end of our tunnel,
[11:44:55] 81 days: 12 years man…..
[11:45:03] 81 days: get er done
[11:50:32] TRC: 580 million dinars was being smuggled across border today
[11:50:40] TRC: was caught
[11:51:35] teledive: no way!
[11:51:47] 81 days: at the current exchange rate thats about 580k. better off smuggling dope
[11:52:06] teledive: yea but if it rv’s …
[11:52:09] teledive: :
[11:52:12] teledive: :
[11:52:20] 81 days: thank you, exactly my point
[11:52:35] teledive: sorry I rode the short bus..
[11:52:47] 81 days: no, was waiting for that
[11:52:56] teledive: ;) ok I drove the short bus…
[11:53:23] 81 days: therin lies the security issue, if they are smuggling it now, what will they do to get it once the rate goes up
[11:53:49] 81 days: and who’s bank ledger came up 580 million short?
[11:53:56] 81 days: what a mess
[11:54:20] teledive: the smuggling will always be an issue
[11:55:15] teledive: but once it does it’s deal …(won’t be our problemo
[11:56:43] 81 days: bingo
[11:56:59] 81 days: forget bingo… roulette
[11:57:01] 81 days: slots
[11:57:03] 81 days: poker
[11:57:10] 81 days sent an audio message: Laugh
[11:57:17] 81 days: see you all in vegas baby
[11:57:54] 81 days: even our canadian brother from the north said he may join us in vegas
[11:58:06] 81 days sent an audio message: Yahoo!
[11:59:34] When is RV?
[11:59:34] Do we have date and rate
[12:00:15] TRC: its interesting why are so many people interested in smuggling IQD out of Iraq
[12:00:37] TRC: is it as good as gold, or just paper
[12:00:47] TRC sent an audio message: Clear Throat
[12:00:53] teledive: they know in country they can get caught easier
[12:01:26] teledive: outside it’s possible to move the exchange without questions
[12:01:28] 81 days: they read the same we do. its gonna become powerful.
[12:01:54] 81 days: Id rather cash mine in somewhere where I am not gonna be mowed over for it on the way to the bank.
[12:02:31] 81 days: we may even get some of that here in the states. If people will rob a bank for thousands, what will they do for millions?
[12:03:05] 81 days: you wont catch me in a line that is advertised to cash in dinars, like Ali of dinartrade. hes asking for trouble
[12:05:05] teledive: agreed…
[12:05:39] teledive: don’t trust dt or whatever his new company name is…
[12:06:15] TRC: will be private according to what I read
[12:11:40] TRC: you arrange a meeting in advance
[12:14:00] TRC: Angelina was in Kurdistan over the weekend
[12:17:42] 81 days: jolie?
[12:18:22] TRC: yes
[12:18:58] 81 days: hmmm
[12:22:08] TRC: did not bring her flock tho
[12:22:25] 81 days: lol posse
[12:22:46] TRC: she adopted another child a month ago
[12:22:58] TRC: must have like 8 kids now
[12:26:51] 81 days: Not sure If she’s raising these kids or her hired hands are assinged to parent them. Also not sure if pulling these little foreigners out of their natural surroundings for a life of luxury is the best for them. Heart may be in the right place, but rich people and money don’t make the best parents due to the fact that they have wealth
[12:31:01] 81 days: Told the wife that if there’s even a chance we could get pregnant, I’d either look into being a munk until she’s not fertile, Or id lop that dude off for assurance. No…. more….kids…… period. My sons are respectful responsible married men. the girls did me in.
[12:33:26] TRC: Ministry of planning announced new 5 year plan
[12:33:44] TRC: includes changing monetary policy
[12:34:01] 81 days: which area of site? dinar news?
[12:34:13] TRC: general
[12:36:10] 81 days: good positive read
[12:39:14] teledive: brings new meaning to the beattles song “long and winding road”
[12:39:44] TRC: good song
[12:43:35] teledive: lol
[12:45:32] TRC: talked about the reserves covering 1 1/2 times of currency in circulation
[12:46:08] TRC: IMF rules says they only need to cover 25%
[12:59:04] TRC: budget will be approved Thursday
[14:23:34] teledive: all they have to do is follow through with what they have said they will do…:)
[14:23:45] 81 days: pretty amazing
[14:23:59] teledive: yes it is!
[14:27:09] teledive: this time next week seems to be the ticket!
[14:27:22] teledive: hopefully it is Iraq
[14:27:24] teledive: :
[14:27:37] 81 days: do you think that there is seriously an RV 911 being implemented?
[14:27:52] 81 days: is there a pivotal happening, or is the news it
[14:28:23] 81 days: news looks pretty good, im just gunshy being in this for over a decade
[14:31:59] teledive: I think it is all in play…
[14:32:37] teledive: Iraq is in need to put this together long before now…
[14:33:00] teledive: for many different reasons and Abadi knows it
[14:33:13] teledive: maliki knew it as well
[14:35:07] 81 days: well, here’s to next weeks rv then!!!!!!!!!
[14:35:10] 81 days sent an audio message: Yahoo!
[14:35:23] teledive sent an audio message: Oh Boy!
[14:35:53] teledive: we seem to be on the outside looking in…
[14:58:42] TRC: whats new
[14:59:38] When is RV?
[14:59:38] Do we have date and rate
[15:00:24] ronnie: what do you think about the dinar [time to raise value]
[15:01:34] TRC: I think it shows where we are
[15:02:45] ronnie: I just believe we will see movement in the near future
[15:04:20] TRC: think so too
[15:07:51] ronnie: the way I understand it the CBI and the goi are together on this
[15:08:59] TRC: YES
[15:09:24] TRC: Abadi was formerly chairman of finance committee in parliament
[15:09:26] ronnie sent an audio message: Oh Boy!
[15:10:02] ronnie: that is good news
[15:10:51] TRC: :)
[15:13:07] 81 days: that’s good to know trc, always seemed that finance committee was most worried about security
[15:17:04] TRC: seems government and CBI are on same playing field

Chatroom Log Wednesday

[20:04:17] Tf: big news day….
[20:07:25] TRC: was CBI announcement , but only could translate title
[20:07:35] TRC: about bank bonds
[20:07:46] AMG: oh?
[20:07:57] TRC: board decided to put bank bonds on market
[20:08:25] TRC: will see more in next couple days
[20:09:00] TRC: bank usually does not do that
[20:09:25] TRC: Ministry of Finance does issue bonds and are sold thru CBI
[20:09:45] TRC: but these are bank bonds to help monetary policy
[20:09:51] TRC: :whistle:
[20:12:45] TRC: money brokers start trading at ISX in February
[20:12:56] AMG: yes
[20:13:23] teledive: I saw the post and was happy to see the news! just waiting on the follow thru!
[20:13:25] teledive: :)
[20:13:36] TRC: February looks like good month, record oil exports..
[20:13:59] teledive: tax being implemented!
[20:14:00] teledive: :)
[20:14:09] TRC: if oil goes up, will be very good
[20:14:23] teledive: katy unbarr the door!
[20:14:26] teledive: lol
[20:14:35] teledive sent an audio message: Laugh
[20:15:50] Tf sent an audio message: Oh Boy!
[20:15:56] Tf sent an audio message: Yahoo!
[20:16:01] Tf sent an audio message: Drumroll
[20:20:09] TRC: ISIS is suffering alot of defeats now
[20:20:15] AMG sent an audio message: Drumroll
[20:20:33] Tf sent an audio message: Drumroll
[20:20:39] TRC: Mosul was bombed by coalition today for first time
[20:20:57] TRC: lots of collateral damage for ISIS
[20:21:17] TRC: at same time kurds launched attack on ground
[20:21:22] AMG sent an audio message: Yahoo!
[20:21:47] TRC: Iraq got more planes from UAE
[20:22:05] TRC: they were promised ten mirage fighters early
[20:22:29] TRC: they are giving ten more, brazilian low attack planes
[20:22:34] AMG: yup, they did………………..a very big push against ISIS……..
[20:22:38] AMG: loves it
[20:23:19] TRC: A10 warthog? has done alot of damage
[20:24:55] TRC: the french aircraft carrier is moving closer to the coast..and obama wants approval for more agressive action?
[20:26:05] AMG: A-10s are awesome aircraft…………………perfect
[20:26:27] TRC: it looks like an all out attack on city of Mosul is being planned
[20:26:29] AMG: for close-air support
[20:27:27] AMG: Mosul being the major ISIS stronghold in Iraq…………….I was expected an assault soon
[20:27:47] TRC: supposedly iraqi forces cut off road used for supplying Mosul, for ISIS
[20:28:16] AMG: sweet!!
[20:28:35] TRC: they began bombing Mosul, seems it must be close
[20:29:01] TRC: not sure if french and americans are involved or not
[20:29:50] AMG: we have lots of “trainers” there
[20:30:35] TRC: retaking Mosul will mean fall of any strongholds in Iraq, they will be forced to hide in desert and Syria
[20:30:53] AMG: agrees
[20:31:21] TRC: Fallujah raised iraqi flag a few days ago, first time in a year
[20:31:51] AMG sent an audio message: Drumroll
[20:32:45] TRC: Abadi is in London today meetings with military alliance
[20:42:32] TRC: bombings continue in Mosul, ISIS has deployed all its elements in Mosul..attack coming?
[20:42:48] TRC sent an audio message: Oh ohh!
[20:44:08] TRC: they executed more of their own, shot 84 , all iraqis
[20:45:53] TRC: baghdadi has left to syria
[21:05:48] TRC: CBI talking of raising value of dinar
[21:12:57] TRC: the central bank’s role in Iraq is important with economy, where it was considering inflation indicators and maintain the stability of the price of Currency Exchange
[21:13:26] TRC: adding that the bank shares a lot in raising the value of the dinar, modify its exchange rate with foreign currency and access to good rates
[21:13:33] Tf sent an audio message: Drumroll
[21:13:53] TRC: especially after it contributed to reducing the rate of inflation, which was present from two places to rank one decimal place
[21:14:20] Tf sent an audio message: Drumroll
[21:14:23] TRC: CBI plans on making changes to promote development
[21:14:33] TRC: :)
[21:14:39] Tf sent an audio message: Oh Boy!
[21:14:40] design: :)
[21:14:41] AMG sent an audio message: Oh Boy!
[21:14:44] TRC: never mentioned the bank bonds
[21:14:56] TRC: need more on that
[21:15:08] Tf sent an audio message: Drumroll
[21:15:47] design: good one….. :)
[21:18:30] TRC: never really said rv
[21:18:43] TRC: but we dont expect that to be said
[21:19:30] AMG: ;)
[21:20:22] design: :)
[21:26:57] TRC: 1107 on forex charts
[21:27:06] TRC: new high
[21:27:10] TRC sent an audio message: Drumroll
[21:27:34] TRC sent an audio message: Oh Boy!
[21:36:36] design: :)
[21:36:54] TRC: trend continues
[21:37:11] design: you bet…
[21:37:26] TRC: but a few dinars a week is slow mo
[21:37:30] TRC sent an audio message: Laugh
[21:38:04] design sent an audio message: Oh Boy!
[21:45:56] AMG: :P
[21:47:30] TRC: I am thinking the local currency auctions do not reflect what it is at on forex globally
[21:50:42] TRC: but, the value on forex charts , for some reason swings back to 1164, temporarily, then back to close to where it is now
[21:50:57] TRC: not sure why
[21:51:12] Tf: it is a dirty float…
[21:51:30] Tf: it will be until it revalues….
[21:51:57] TRC: if rate estimated at 1107 for three consecutive days, according to CBI law, CBI has to adjust official rate
[21:51:58] Tf: it is not market driven now….
[21:52:16] TRC: but, it never does
[21:52:25] Tf: yes, still…..it is a dirty float….
[21:52:43] TRC: it swings momentarily back to 1164 before that can happen
[21:52:55] Tf: there you go….
[21:53:10] TRC: been watching it past few weeks..:-c
[21:53:23] Tf: It wants to rise…..but, it is being manipulated…..
[21:53:30] TRC: but there is always a new high every few days
[21:54:24] TRC: very interesting, said col. klink!
[21:55:30] Tf: this is one of my reasons why I believe they want to start the rate as high as they can….
[21:56:33] Tf: I just can’t see them starting the rate at $1…..
[21:57:14] Tf sent an audio message: Drumroll
[21:57:54] Tf: just to watch it take off…..

Chatroom Log Monday

[20:36:02] Suharto: Ok, what is the good news now? only 2 days left going to the 2015 year
[20:41:41] TRC: finance committee postponed discussing budget until Saturday
[20:42:50] Suharto: many rumors said the budget 2015 passed?
[20:43:06] TRC: not that I know
[20:44:10] TRC: Kuwait and Iraq signed commercial cooperation agreement , changing the 1964 agreement
[20:45:19] TRC: Iraq plans to sell off state-owned enterprises as part of a major privatization push to diversify income and revenues.

Mohammed Saleh, the economic advisor to the Prime Minister Haider Al Abadi, said that “A number of industries and manufacturing factories have been identified and will be offered to the private sector.”
[20:46:36] TRC: ISX closed up 2.6%, for new years holiday
[20:47:13] Suharto: TRC, I can’t read about tariff article
[20:47:39] TRC: According to the Central Bank of Iraq instruction No. 1610/23 on 12/21/2014 included: direct bank branches not to send and receive electronic instruments for two days (7-8) / 2015/1 on the occasion of renovation Iraqi payments system by the Central Bank of Iraq.
[20:48:18] TRC: Board of Governors decided to be the first trading session of the new year on Sunday, 11/01/2015
[20:48:56] Suharto: What is the meaning renovation?
[20:49:16] TRC: CBI seems to be going to update and improve the iraqi payments system
[20:49:51] TRC: ISX will be down an extra week until it is completed
[20:50:35] TRC: we are all wanting to know what the new and improved payments system will be like
[20:51:08] TRC: custom tariffs law will be implemented soon
[20:51:26] Suharto: so it isn’t about rv :(
[20:52:08] Suharto: TRC, all goods will be taxed?
[20:52:31] TRC: there is urgent need to implement the custom tariffs law in it’s in entirety
[20:52:59] TRC: member of parliament’s finance committee
[20:53:14] TRC: yes
[20:53:19] TRC: all goods
[20:54:07] TRC: I think that budget having been approved , will set all taxes including custom tariffs
[20:56:07] TRC: the renovation of payments system is interesting
[20:56:16] Tf sent an audio message: Drumroll
[20:56:23] TRC: was announced on ISX
[20:56:42] Suharto: when the ISX will be off?
[20:56:58] TRC: closed today until the 11th
[20:57:31] TRC: normally it would go live again after new years
[20:57:40] TRC: most likely 7th
[20:57:52] AMG: great wording : “renovation”
[20:57:55] TRC: like most markets
[20:58:25] TRC: but because of improvements on electronic payments system delayed 4 days
[20:58:37] Tf sent an audio message: Drumroll
[20:59:14] TRC: now this coincides with launching in new year of 9 money market companies on ISX
[20:59:18] AMG: upgrades as we say
[21:00:08] TRC: aka money traders/exchangers
[21:01:25] TRC: this is all very different than previous years
[21:01:54] TRC: shall we say interesting as well
[21:04:28] Suharto: why money traders now entering to ISX? strange
[21:04:40] TRC: don’t know
[21:06:16] TRC: anybody want to answer that
[21:06:59] AMG: I got nothin lol
[21:07:11] AMG: just confusion
[21:08:21] TRC: well could be these companies will start the Forex department at ISX
[21:09:06] TRC: after all that is where the Forex will be is at ISX
[21:09:49] TRC: goes with liberalizing foreign currency exchange
[21:10:00] TRC: per IMF
[21:11:27] Suharto: TRC, Iraq need another income what IMF Suggest
[21:11:42] TRC: raising taxes
[21:12:14] TRC: selling off government owned factories/companies to privately owned
[21:12:50] TRC: all of these things are scheduled to be in 2015
[21:12:58] Suharto: so oil is not enough?
[21:13:17] TRC: not right now, oil is too low in price
[21:13:32] Suharto: what is economic reform trc? I seen many gurus talked about that
[21:14:27] TRC: switching to free market economy from centralized one
[21:14:54] Suharto: but when the rate of dinar was 3.22 dollar when the price of oil was 30 USD per barrel
[21:15:24] TRC: the IQD was valued against a basket of currencies
[21:15:35] Suharto: when the economic reform will start?
[21:16:19] TRC: right now it set against USD artificially,
[21:16:31] TRC: not globally recognized
[21:17:13] TRC: when budget is approved by parliament
[21:18:57] Tf sent an audio message: Drumroll
[21:20:37] Suharto: will it delay approving budget 2015?
[21:21:20] TRC: supposed to be approved next week, but what will time tell us
[21:25:09] Suharto: in one article about budget, one mp from Kurdistan said the budget 2015 will the fastest in Iraq history for being approved
[21:27:01] TRC: :)
[22:16:42] TRC: oh new page added to website
[22:17:03] TRC: addresses opening IQD bank account
[22:17:28] TRC: lists the banks where you can do this
[22:17:43] TRC: you can do it online
[22:21:43] TRC: you send so much USD they will convert it into IQD, to open account, of course electronically, no banknotes
[22:23:01] AMG: very well done
[22:24:22] AMG sent an audio message: Drumroll
[22:24:39] TRC: :)
[22:25:36] AMG: Warka requires you maintain $150……….in your USD account
[22:25:57] TRC: ok
[22:26:17] TRC: not sure of details with each bank
[22:26:30] TRC: lots to choose from it seems
[22:27:17] TRC: Kuwait bank is custodian of ISX
[22:27:49] AMG: I kept the min. in USD………..all else in IQD…………interest is greater
[22:34:17] TRC: it is another option to have some IQD in electronic form, bank account
[22:35:18] TRC: now is much easier to do so, than it was years ago
[22:35:24] AMG: yes, that’s why I got into Warka……………
[22:35:59] TRC: lots of banks online offering
[22:36:44] AMG: they may be easier than Warka nowadays
[22:37:00] TRC: not sure which is best
[22:37:15] TRC: have to do research
[22:37:16] AMG: ditto
[22:37:33] TRC: just glanced at list
[22:40:46] TRC: many iraqi banks are backed by foreign banks
[22:42:25] TRC: if they are not , most will either merge with another iraqi bank or get foreign bank to back them, in future competitive market
[22:43:40] TRC: not sure you can open an IQD account with US bank,
[22:43:54] TRC: they are on list
[22:44:08] TRC: something new?
[22:44:15] TRC: or old
[22:45:28] AMG: Wow……………….was just looking over the data………….Warka has a new web page…
[22:46:16] AMG: I was unaware of…………..I just changed my link to reflect that
[22:46:36] AMG: very nice………………Thank you both

Chatroom Log Sunday

[19:28:59] ale: any good news?
[19:29:16] ale: saw the two dinar articles
[19:29:18] TRC: Where is the currency reset?

• Is the currency reset process eliminated?

That project still exists and such steps needed to organize the process stability for not creating any breaches and to ensure the success of the process in what we think now is replacement of paper, this is where violations occur and risks need complex management,

[19:30:15] ale: is reset=rv?
[19:30:27] ale: reinstate
[19:30:31] ale: hmmmmm
[19:30:32] TRC: we’re in the situation we fear of violations so that our plan is the introduction of the new currency without pulling the old currency and when the situation stabilizes, we will implement the project, after arranging with all stakeholders, in order to avoid problems that may occur in records and numbers
[19:30:53] TRC: RV IS RESET
[19:30:59] ale: when?
[19:31:07] ale: “next period”
[19:31:08] ale: ?
[19:32:30] TRC: interview with CBI Governor is rare
[19:37:23] TRC: Are you satisfied with the Government’s programme under Dr Abadi?

I am satisfied with his work if applied vision and program schedule.
[19:37:37] TRC: Governor of CBI
[19:38:08] Tf: IMO, we have no worries with
[19:38:09] ale: so things are set to keep moving?
[19:38:12] Tf: Abadi…
[19:38:15] ale: progress?
[19:38:17] ale: rv?
[19:38:19] ale: lol
[19:38:26] Tf: yes, its coming….
[19:38:34] Tf: soon????…..
[19:38:36] TRC: looks like budget will be passed in first week of January
[19:39:18] Tf: The only worry we have with Abadi is what TRC said a few weeks ago…
[19:39:27] Tf: I hope that does not happen….
[19:39:39] TRC: whats that?
[19:39:57] Tf: him being assassinated…God forbid…
[19:40:04] TRC: oh yeah
[19:40:54] ale: wonder if the risk is worth it? highest paid politicians on the planet, and in the most hostile environment
[19:40:59] Tf: IMO, that is our only worry with Abadi.
[19:41:23] Tf: He doesn’t need any fire lit under him, IMO…
[19:41:36] TRC: ISX closes after trading session Monday until January 11th
[19:41:37] Tf: He has his own agenda….
[19:41:51] Tf: for the good of Iraq…..
[19:42:07] Tf: I am sure that he has already made some enemies…
[19:43:03] Tf: You can’t be a shaker like he is without making enemies…IMO..
[19:43:34] TRC: he is trying to bring Iraq into global economy
[19:49:37] TRC: Kuwait and Iraq signed 45 agreements
[19:50:21] TRC: Kuwait is persian gulf’s richest country
[20:34:49] TRC: too much to read?
[20:35:05] Tf: With the news post…..the CBI governor’s questions and answers…
[20:35:42] AMG: long interview w/CBI governor
[20:37:45] AMG: Now we wait and see what they DO next
[20:37:52] Tf: yes
[20:38:09] TRC: second reading of budget is on 7th of January
[20:38:13] Tf: Hold onto you hat…
[20:38:14] AMG: talk is cheap
[20:38:18] Tf sent an audio message: Drumroll
[20:38:27] Tf: your hat
[20:38:34] Tf sent an audio message: Drumroll
[20:38:48] AMG: 7th? hmmm
[20:38:48] Tf: Are you sure you are ready for this to happen???
[20:39:00] Tf: I am not sure that I am….
[20:39:13] Tf: We have waited for this for so long…
[20:39:26] AMG: 2nd read and vote immediately
[20:39:42] Tf: With the rv will come many new challenges….for Iraq and for me….
[20:39:50] TRC: Abadi said budget will be approved in record time
[20:39:57] Tf: Let’s hope so…
[20:40:50] AMG: hope he can keep his promise
[20:41:30] Tf: me, too
[20:41:38] Tf sent an audio message: Oh Boy!
[20:42:30] AMG: our politicians usually don’t
[20:42:33] AMG sent an audio message: Oh ohh!
[20:42:51] AMG: :-(
[20:43:03] Tf: yes, AMG, but….we have seen something different in Abadi…haven’t we…so far???
[20:43:27] AMG: for sure we have………………….I like it
[20:43:33] Tf: It is almost unbelievable all that he has accomplished in the past few months..
[20:44:09] AMG: amazing…………….hard to believe (almost)
[20:44:18] Tf: I believe if anyone can move this forward to the CBI’s satisfaction…he will…
[20:44:35] Tf: We have said before that we believe
[20:45:15] Tf: that the CBI has been following their plan with the WTO, IMF, UN, and everyone else who matters in this process….
[20:45:46] Tf: I believe that they know what they need and want to happen…in order to do this…
[20:45:52] AMG: yes, the plan is working well
[20:48:03] TRC: see, the National in Dubai interviewed Saleh
[20:53:10] Tf: oh?
[20:56:25] TRC: talked about his work at CBI, then going to jail
[20:56:43] TRC: then now as Abadi’s right hand man
[20:59:54] AMG: yup, maybe Shabs will be next interviewee
[21:00:46] TRC: Abadi is trying to bring Hashemi home
[21:01:05] TRC: told him he will get fair trial
[21:01:39] TRC: he is in Qatar or Turkey,
[21:02:24] AMG: yes, he is trying to right all of Maliki’s wrongs……………….and doing very good ^.^
[21:02:44] TRC: Hashemi , probably thinking
[21:03:01] TRC: Maliki wanted him executed
[21:03:07] Tf sent an audio message: Bogus
[21:04:46] AMG: haven’t heard much from M……….maybe he’s in custody……………..that would b nice
[21:05:34] TRC: Abadi wants to have sunni bloc on his side, Hashemi is leading figure
[21:07:43] Tf: IMO, they will wait to deal with Maliki…
[21:07:52] Tf: now is not the time….
[21:07:53] Tf: IMO
[21:07:59] Tf sent an audio message: Drumroll
[21:08:25] Tf: I may be wrong…
[21:08:53] AMG: Monetary Reform and International trade first then………………..deal with M
[21:08:55] Tf: I guess it depends what rock they overturn…
[21:09:34] Tf: yes, AMG, I agree with you…
[21:10:38] AMG: he should have a microchip in so he can be “monitored” of his whereabouts
[21:18:43] Tf: If I were Maliki, I would be very nervous….
[21:19:30] Tf: He had a reason to want all those assurances of immunity and protection he was asking for….
[21:19:45] Tf: He knows more and better than anyone…
[21:20:34] Tf: right now, though, I believe that the best place for him is on the shelf….
[21:36:55] TRC: developing private banks in Iraq to compete with regional and international banks
[21:37:02] TRC: seminar
[21:44:16] design: :)
[21:45:06] TRC: just in..iranian general was assassinated in Iraq Sunday
[21:45:37] TRC: sniper
[21:46:12] TRC: was visiting Iraq, in helping to train iraqi troops
[21:52:45] AMG: wow\
[21:55:27] TRC: its amazing more high ranking figures aren’t assassinated
[21:55:42] TRC: this must have been planned
[21:56:37] TRC: of course only seen one article, may be its a lie, and he is in Paris, not Iraq
[22:44:53] TRC: oh by the way
[22:45:31] TRC: the reason the dinar dropped so much on the street in local value was the big jump in value of the USD
[22:45:48] TRC: it is at 5 year high
[22:46:07] TRC: dinar dropped from 1197 to 1220
[22:46:22] TRC: it is a bubble will burst soon

Chatroom Log Monday

[20:14:56] TRC: not sure if Shabibi will get CBI governorship
[20:15:36] teledive: they are crazy if they don’t…but it is Iraq
[20:15:54] design: yes it is Iraq
[20:16:13] design: people think he is still guilty?
[20:16:49] teledive: no politics…lol just guessing
[20:16:49] TRC: that Jubouri, was the same guy who lead to having Shabibi removed
[20:17:03] design: hmmmm
[20:17:45] design: wants to challenge the pm?
[20:17:57] TRC: dont know
[20:18:04] teledive: bonehead Jubouri
[20:18:18] design: loser……
[20:18:43] TRC: not the same Jobouri who is president of parliament
[20:20:04] design: oh… who is this guy, whats his title
[20:20:58] TRC: Jubouri, was member of previous finance committee , he is on this one too
[20:21:06] design: ok
[20:21:44] TRC: he was first to accuse Shabibi of corruption,
[20:22:06] design: maybe he is talking to himself… anyone listening?
[20:22:27] TRC: Maliki listened to him originally
[20:22:43] TRC: but Maliki didnt like Shabibi
[20:23:04] design: yea.. thought so
[20:24:08] TRC: should get approval of budget Tuesday
[20:24:32] teledive: that’s half the battle!
[20:24:38] design: cabinet ready to vote
[20:24:55] design: agree teledive
[20:25:16] teledive: :)
[20:26:19] teledive: On a lighter note “Santa Claus is coming to town”
[20:26:30] teledive: lol
[20:26:38] TRC: who is this claus ?
[20:26:51] TRC: sounds german
[20:27:04] teledive: lol
[20:27:10] design: lol
[20:27:45] TRC: was watching church sunday morning on tv, an american preacher, cant recall his name
[20:28:21] TRC: he said the coming of the fourth reich in europe is happening right before our eyes!
[20:28:29] TRC: :*-/
[20:28:47] design: someone is coming to town with all the gifts the wife got for the grandkids…lol
[20:29:14] teledive: :)
[20:29:37] TRC: christmas is for kids
[20:29:55] design: you are correct
[20:30:01] TRC: rest of us just watch the kids
[20:30:16] teledive: guilty as charged!
[20:30:18] teledive: :)
[20:30:27] design: :)
[20:47:27] AMG: nice posts you put up today ;)
[20:47:32] AMG sent an audio message: Drumroll
[20:47:34] TRC: :)
[20:48:15] AMG: nice way to start the week IMHO
[20:54:29] AMG: The meeting on the budget today???
[20:55:41] TRC: Tuesday
[20:56:18] AMG: Topic of the day = Sinan Shabibi ^.^
[20:58:38] AMG: ISX down again…………..but that’s ok for me for now
[20:58:42] AMG sent an audio message: Drumroll
[20:59:25] TRC: hopefully budget approval Tuesday
[21:00:15] AMG: Hope so too
[21:02:04] TRC: will be interesting if Shabibi is re-instated..
[21:02:29] AMG: for sure
[21:03:12] TRC: Abadi supposedly said he would be, if he was aquitted
[21:04:06] AMG: right thing to do IF Shabs wants it
[21:12:20] AMG: kuwaitis want investment ops in Iraq maybe…………………….
[21:12:53] AMG: could be a good move if true
[21:13:06] barnstormers: they’ll get alot more from that than demanding a few billion dollars
[21:13:23] AMG: true dat
[21:13:36] barnstormers: even if it is say a 10 yr deal
[21:13:51] TRC: they want Iraq to activate investment law
[21:13:59] AMG: opportunities galore
[21:13:59] barnstormers: depending on what they have in mind
[21:14:06] TRC: free market
[21:14:25] TRC: free movement of funds
[21:14:35] AMG: yup
[21:15:20] barnstormers: have they passed the free market laws
[21:15:27] TRC: yes
[21:15:42] TRC: but cabinet needs to activate them
[21:16:02] barnstormers: is that expected soon?
[21:16:17] TRC: lol, thought soon long time ago
[21:16:26] barnstormers: lol
[21:16:41] TRC: they are talking about customs tariffs too, but no date yet
[21:17:06] TRC: I am thinking when 2015 budget is activated
[21:17:10] barnstormers: i found it funny they say ISIS gone in February
[21:17:55] AMG: not gone, just substantially-neutralized IMO
[21:18:47] barnstormers: i was thinking what they are going to just quit in February
[21:19:09] barnstormers: just seemed silly
[21:19:47] barnstormers: when are we thinking budget gets done?
[21:20:18] TRC: lol
[21:20:34] TRC: in cabinet, or parliament
[21:20:51] TRC: hopefully cabinet Tuesday
[21:21:08] barnstormers: when does it get ratified or whatever needs to be done
[21:21:43] TRC: well after cabinet, it goes to house(parliament)
[21:21:56] TRC: to do three readings
[21:22:21] TRC: of course they can do only two, and vote if in hurry
[21:22:37] barnstormers: we are in a hurry
[21:23:11] AMG: yes
[21:25:19] barnstormers: from earlier looks like he is coming back
[21:25:34] TRC: if he wants too
[21:26:05] barnstormers: he does it’s his plan
[21:26:44] barnstormers: shove it in Maliki’s face
[21:27:23] TRC: Maliki will face charges eventually , I think
[21:28:04] barnstormers: they are coming he needs to leave Iraq
[21:28:27] TRC: got to lose what political clout he still has.. will gradually wittle away
[21:28:33] barnstormers: his buddies should probably follow him
[21:33:03] TRC: he most likely thinks he is invincible
[21:33:24] TRC: untouchable
[21:36:39] barnstormers: they never should have given him a position
[21:37:20] barnstormers: but they will track down all the money he stole
[21:38:59] barnstormers: this new guy he seems to be looking out for all iraqis so far
[21:39:23] barnstormers: looking to unite the country
[21:40:53] TRC: yes
[21:41:28] TRC: Abadi , the great communicator,
[21:41:44] barnstormers: seems to have a parliament with the same state of mind
[21:41:56] TRC: that’s what US Secretary of state called him
[21:43:17] barnstormers: if they can be left alone from terrorists i think it could be a great story there
[21:46:18] TRC: Iraq getting what they need now to build a good army
[21:46:33] barnstormers: they may be left alone after they run these guys out of town
[21:47:06] TRC: 100’s of tanks, helicopter gunships
[21:48:00] barnstormers: and hopefully troops don’t turn and run
[21:48:13] TRC: lots of training from many countries
[21:48:37] barnstormers: they should be good
[21:49:09] barnstormers: just in case they should invite countries to have bases there
[22:22:49] Tf: I am still waiting here with you, barnstormers
[22:23:14] AMG: ^.^
[22:23:37] Tf: Abadi is still shaking things up….
[22:23:51] barnstormers: i like that
[22:23:55] Tf: yes
[22:24:24] Tf: I have not lost hope that they will make this happen….
[22:25:11] Tf: I was thinking the other day when the news that China offered help to Iraq to fight ISIL.
[22:25:11] barnstormers: it will
[22:25:48] Tf: I asked myself….who in the world just offers help to another nation….
[22:25:50] AMG: do I dare say…………………………………………….soon?
[22:26:13] barnstormers: soon i agree
[22:26:34] Tf: many nations are offering help to Iraq….???
[22:27:50] barnstormers: if you don’t help you cannot get in on what is being created
[22:28:34] Tf: Abadi is a multi-tasker…..to the max…..it seems.
[22:30:17] barnstormers: it will get done just not on our schedule
[22:31:11] Tf: Everything being done…..continues to reinforce our expectation for Iraq’s future prosperity….
[22:32:42] barnstormers: they rv they can have the future
[22:32:46] Tf: yes
[22:32:59] Tf: That is what I am trying to say…
[22:33:36] barnstormers: you said it well
[22:35:51] Tf: without the rv…..Iraq is dead in the water….IMO, they have to revalue the dinar to build their nation’s prosperity…..without the revalue of the dinar….Iraq won’t be able to reach its potential….its place and standing in this new world order….financially speaking that is….
[22:36:45] Tf: So….needless to say…..it appears that Abadi is working hard to move this forward….
[22:37:10] Tf sent an audio message: Drumroll
[22:40:27] TRC: the great communicator
[22:42:03] TRC: Abadi supposedly can talk a cat out of a tree
[22:44:06] Tf sent an audio message: Drumroll
[22:44:26] AMG sent an audio message: Oh Boy!
[22:44:36] Tf: I am believing it to be so….
[23:00:09] TRC: Saleh said Iraq isn’t ready for changing the currency
[23:02:51] design: say what
[23:03:21] design: when if ever will they be ready? lol
[23:03:30] Tf sent an audio message: Drumroll
[23:03:51] AMG sent an audio message: Yell!
[23:05:05] TRC: Saleh is just an advisor
[23:05:18] TRC: Shabibi may feel different

Chatroom Log Wednesday

[20:47:01] Tf: we are waiting here still…
[20:47:12] Tf: this year is winding down…
[20:50:35] TRC: Kurdistan going to sell gas to Europe
[20:50:44] Tf: yes, I saw that
[20:50:52] TRC: huge revenue maker
[20:51:14] Tf sent an audio message: Drumroll
[21:01:16] TRC: never imagined Kurdistan would be on verge of signing a gas deal with Europe so soon
[21:01:41] AMG: well my December rv potential thoughts are vanishing by the day lol
[21:02:05] AMG: yes, that surprised me too……….
[21:02:57] TRC: said.. pipeline was almost completed thru Turkey..
[21:04:21] TRC: they must have been working under cover
[21:04:29] TRC sent an audio message: Laugh
[21:06:25] TRC: rv can happen anytime. we don’t know, and there wont be any hints at or before that moment
[21:06:58] AMG: very true….no clues
[21:07:39] TRC: especially the further along this goes
[21:09:49] TRC: putting more things into place all the time
[21:12:18] AMG: the super-sized jigsaw puzzle is almost complete
[21:14:42] Suharto: December 15th will come, nothing happen yet?
[21:15:41] TRC: some are talking about custom tariffs, but nothing official yet on date
[21:16:15] Suharto: still just talking trc? hmm they like talking without action
[21:16:49] TRC: one guy was complaining.. saying it will cost too much to implement
[21:16:55] TRC: lol
[21:17:08] TRC: saying it will cost 1 billion dollars
[21:17:21] Suharto: whom who the guy complining? :P
[21:17:39] TRC: but another said it will cost Iraq billions if they don’t activate tariffs
[21:17:50] Suharto: 1 billon dollars is too small for Iraq :)
[21:17:54] TRC: :whistle:
[21:18:05] Tf: that’s it, TRC
[21:18:31] TRC: they are discussing things to media , as unnamed sources
[21:19:01] TRC: they stirring the pot to the media
[21:19:03] Tf: it is costing Iraq more to delay the rv, Suharto
[21:19:27] Suharto: agreed Tf
[21:19:36] TRC: many do not want to change
[21:19:49] Suharto: IMO they must sooner to rv
[21:19:54] Tf: yes
[21:20:11] Tf: IMO, Iraq wants this more than we do..
[21:21:09] Tf: TRC, I was thinking….it seems some of the politicians in Iraq don’t see the big picture…
[21:21:17] Suharto: I think who don’t want change who has gain in this status quo
[21:21:34] AMG: IMO those who do not want change are either scared of the change or clueless
[21:21:41] TRC: they have deals on importing junk from outside Iraq
[21:21:43] Tf: the new GOI is shaking things up….
[21:21:47] Suharto: Politician like to like not thinking
[21:22:12] TRC: new tariffs and WTO rules will ruin their businesses
[21:22:45] Tf: yes….progress
[21:23:16] Tf: I don’t believe those who don’t want this will be able to stop it….
[21:23:31] Suharto: TRC, trader doesn’t like tax or tariff or who making decrease their profit
[21:23:46] TRC: especially during Maliki’s term , lots of shady deals with iranian companies
[21:24:23] Suharto: but we must believe Abadi, he don’t want Iraq get deeper in economy crises
[21:24:36] TRC: new tariffs and WTO rules will pretty much shut down 50% of iranian imports
[21:25:05] AMG: Abadi appears to be a good man ………. for Iraq and it’s people
[21:25:12] Tf sent an audio message: Drumroll
[21:25:17] Suharto: TRC, about tariff law being to implement, has it effect for Iran?
[21:25:39] TRC: yes
[21:25:45] Suharto: As far I Know Iraq bought goods from Iran
[21:25:51] TRC: iranian goods are cheap
[21:26:08] TRC: Iraq is flooded with them
[21:26:23] Suharto: I think Iran don’t like tariff law because their goods will be expensive
[21:27:04] TRC: yes
[21:27:18] TRC: they cant sell them to GCC
[21:27:27] TRC: turks dont want them
[21:27:40] TRC: they are member of NATO and EU
[21:28:02] TRC: Pakistan is most likely biggest trader
[21:28:15] Suharto: I seen arab don’t like Iran :)
[21:28:22] Suharto: except Syria
[21:28:24] Tf: like we said before…..it’s complicated….
[21:28:54] Suharto: so if complicated our rv still holding up
[21:29:12] Tf: If we only knew everything that has been involved with this dinar revalue process….
[21:29:31] TRC: Pakistan is sunni , Iran is shiite.. so might be difficult trade
[21:29:57] Tf: yes, Suharto…..Iraq must move forward….they can’t stay where they are now….
[21:29:59] TRC: Iran exports lots to Russia most likely
[21:30:34] Tf: the dinar must be given a rate….
[21:30:41] Suharto: I hope more simplest for us
[21:31:52] Tf: a viable, tradeable rate…..a rate to hold its own on the international currency exchange…
[21:31:55] Suharto: btw, how is budget news now?
[21:32:16] TRC: Iraq wants to do more business with Jordan and GCC..
[21:32:28] Suharto: Abadi want the new budget must be done before new year?
[21:32:50] TRC: so increasing their exchange rate and activating tariffs will increase trade with gulf
[21:33:17] TRC: still working on budget
[21:33:28] Tf sent an audio message: Drumroll
[21:33:35] TRC: oil was down again today to 61 dollars
[21:33:58] Tf: yes
[21:34:12] TRC: cabinet still not sure at what price to set oil at in budget
[21:34:21] Suharto: trc, if Iraq have more than 33 trilion dinars in circulation, do you thin we can get high rate if dinar being rv?
[21:34:34] Suharto: *think
[21:35:55] TRC: we don’t know actual size in circulation
[21:36:10] TRC: those numbers could be flawed
[21:36:53] TRC: see there may be many damaged banknotes in bank’s basements across Iraq
[21:37:27] TRC: in Kirkuk alone was stated there is IQD15 billion in basements of banks
[21:37:38] TRC: worn out
[21:37:38] Tf sent an audio message: Drumroll
[21:37:50] Suharto: I seen the damaged only small denoms only
[21:38:21] TRC: for some reason, CBI never had these damaged banknotes destroyed over the years since 2004
[21:40:07] Suharto: news being quiet now :)
[21:40:17] TRC: so cash in circulation may be much less after damaged currency is destroyed
[21:40:35] Tf: Suharto, don’t you think that the Iraqi people have worn out the higher denoms?
[21:40:53] Suharto: TRC, do they use dual currency in their market place?
[21:41:27] Suharto: I seen in tv, they use dollar for daily transaction
[21:41:40] Tf: at the dinar’s present rate….they have to have a truckload of small denoms to purchase….
[21:42:16] TRC: in Kurdistan they used the dollar because of the conflict with Baghdad previously
[21:42:35] Tf: so…I can see that Iraq has many worn out higher denoms….
[21:42:36] TRC: Baghdad would not give them any money
[21:43:13] Tf: the deal between Erbil and Baghdad speaks volumes….
[21:43:57] Tf: both are winners….IMO
[21:44:41] Suharto: loved read that tF
[21:44:49] Tf sent an audio message: Drumroll
[21:45:04] TRC: yes Barzani loves new government under Abadi
[21:48:15] Tf: everything TRC taught us to look for in this dinar revalue process is unfolding before our eyes…..day by day….
[21:49:47] Tf: How he knew it…..is beyond me…but, he told us…..and it is happening just like he said it would….
[21:50:40] Tf: Thank you, TRC
[21:50:54] Tf: :bow:
[21:52:26] TRC sent an audio message: Are you sure?
[21:54:07] Suharto: how long do we wait now?
[21:54:34] Tf sent an audio message: Oh ohh!
[21:55:12] TRC: as long as it takes
[21:56:00] TRC: we have no choice
[21:56:03] TRC: do we
[22:01:27] Suharto: I seen Kurdistan will cover Europe needs for gas
[22:02:12] TRC: :)
[22:02:56] AMG: Yes, Kurdistan has gas (lol) and Europe needs it
[22:02:59] AMG sent an audio message: Laugh
[22:03:25] TRC: southern Iraq has more gas.. but pipeline has not been built yet to Kurdistan.. to be able to export
[22:03:51] TRC: to Europe..
[22:05:30] TRC: construction it seems goes faster in Turkey than Iraq
[22:06:26] AMG: that should improve for Iraq – with a budget and real rate
[22:06:58] TRC: the big plan is to export gas from Basra region
[22:07:56] TRC: for years just getting gas from oil field to power plant in Iraq was alot of work.. getting it to Europe even larger challange
[22:08:34] TRC: Iraq is importing gas from Iran, because Iraq’s infrastructure to move gas etc. is not up to par
[22:09:45] TRC: but Kurdistan is a notch above it seems
[22:11:26] AMG: yes, probably because Kurdistan was protected during the Gulf War
[22:12:48] TRC: there is still sunken ships in waterway on iranian border
[22:13:07] TRC: working on removing them
[22:13:48] TRC: most iraqi waterways are now clear of marine junk
[22:14:31] TRC: but the area on iranian border, has not had made anY deals to remove it, til now
[22:21:48] TRC: talk of building a bridge, and railway line across that waterway
[22:24:03] TRC: the bridge planned is a suspension bridge, but they got to clear the sunken vessels away
[22:24:29] teledive: wow that is a large undertaking…
[22:24:41] TRC: wanting to have direct connection from Iran right around gulf to Dubai
[22:24:57] TRC: by high speed rail
[22:26:05] TRC: but there are some political issues as well
[22:26:09] TRC: :*-/
[22:26:10] teledive: that is a large dream
[22:27:10] TRC: lots of plans
[22:27:12] teledive: but do-able
[22:27:13] TRC sent an audio message: Laugh
[22:27:46] TRC: Basra has plans to build building to compete with Dubai’s skyline
[22:28:14] TRC: there is picture, on the website here
[22:28:30] TRC: shaped like a guitar
[22:28:42] teledive: Dubai built that which is admired by all…
[22:29:38] Tf: “where there is no vision, the people perish”….
[22:30:10] TRC: the Basra building will be 100+ floors, but dont know how many years that will be
[22:31:24] teledive: vision is one thing they are envisioning the impossible dream!…just kidding tf that would be a true statement
[22:31:40] TRC: Basra stock market, and the times square is almost completed in central area
[22:31:52] teledive: yahoo
[22:32:19] TRC: Basra supposed to be economic center of Iraq eventually
[22:33:55] TRC: outside Basra the largest stadium in Iraq is located
[22:34:09] TRC: was finished last year
[22:34:24] TRC: holds 65,000
[22:34:35] Suharto: so Basra will become economic growth zone for Iraq :)
[22:34:43] TRC: as well as many new hotels
[22:34:57] TRC: and a smaller stadium
[22:35:29] TRC: the main stadium is surrounded by water
[22:35:54] TRC: got to walk on specified walkways
[22:36:22] TRC: there is many pictures and a video on here, website
[22:36:34] TRC: if you search for it
[22:37:18] Suharto: it means Iraq ready for rv :)
[22:38:38] TRC: when they do build something in Iraq it is top notch
[22:38:59] TRC: beautiful stadium
[22:40:56] TRC: Basra is relatively far from where the terrorists are causing issues
[22:41:21] teledive: they fight with the best of them but they play hard to!
[22:41:22] TRC: so they should be able to follow thru as long as they get the funding
[22:42:22] TRC: they are also building the largest sea port in western asia
[22:46:29] TRC: but for now Kurdistan is leading in infrastructure development
[22:46:53] teledive: same here…lol
[22:47:25] TRC: Basra took alot a damage during the previous three wars, it epicentre of all three
[22:47:44] TRC: not so much terrorism

Chatroom Log Sunday

[19:52:17] Tf: another great news day!!!!!!!!!!!!!!!!!!!1
[20:20:38] ale: so we close?
[20:20:47] Tf: let’s hope…
[20:21:05] Tf: never seen things moving like they are…..
[20:21:12] ale: agreed
[20:21:14] Tf: before now….
[20:21:35] ale: there was always a plan, never went anywhere
[20:21:58] Tf: yes
[20:42:40] TRC: kirkuk banks hold 15 billion IQD in damaged currency , been sitting for years
[20:43:15] TRC: how many other banks hold damaged currency
[20:43:27] TRC: that’s just one city
[20:56:37] design: wow….
[21:06:09] TRC: ok thats pretty interesting, we have been trying to deduct how many banknotes are out there
[21:06:27] TRC: the cashbloc keeps increasing
[21:07:22] AMG: hmm
[21:07:30] TRC: according to the article last posted, kirkuk banks hold 15 billion IQD of worn banknotes
[21:08:00] TRC: so how much more is there if you add up all banks in the country
[21:08:28] design: lots more……
[21:08:39] TRC: if CBI destroyed all, how much would cash bloc drop
[21:10:16] AMG: :*-/
[21:11:43] TRC: if you look at stats it says cash bloc is around 33 trillion+
[21:12:17] TRC: how much is sitting in basements of banks, too worn to use
[21:12:48] AMG sent an audio message: Yell!
[21:13:22] TRC: if CBI ordered all destroyed, what would actual cash bloc be
[21:13:55] AMG: ?????
[21:14:37] TRC: most of the damaged are most likely in Baghdad, Basra and Mosul
[21:15:07] TRC: kirkuk is not one of the largest cities
[21:15:49] TRC: there is approximately 7 trillion outside country
[21:16:37] AMG: my head hurts thinkin about it lol
[21:18:09] TRC: you cannot go by the number released
[21:18:57] TRC: it does not include the amount outside country, the amount that is sitting in bags in basements of banks
[21:19:15] TRC: too damaged to use
[21:19:20] design: yes
[21:19:39] TRC: just shows the amount printed and released for consumption
[21:20:03] TRC: it looks like none has been destroyed
[21:20:21] AMG: what are they waiting for
[21:20:50] TRC: they plan on lifting the zeros
[21:20:56] TRC sent an audio message: Bogus
[21:21:18] TRC: will destroy them then
[21:22:52] AMG sent an audio message: Oh Boy!
[21:23:04] design sent an audio message: Drumroll
[21:29:01] teledive: looks like lots of stuff happened today1
[21:29:04] teledive: !
[21:46:02] TRC: Basra exhibition attracts 252 companies that specializes on investing in oil
[21:46:16] TRC: from 31 countries
[21:46:36] TRC: and most people think Iraq is involved in a war
[21:46:43] TRC: :*-/
[21:47:24] TRC: Deputy Prime Minister Bahaa al-Araji, said Sunday that “the Council of Ministers confirmed the completion of the General Budget Law for the next few days.”
[21:48:04] TRC: the agreement that Iraq and the Kurdish government have reached helped the Iraqi Oil Ministry to increase its crude oil export capacity to reach an all-time high of 3.3 million bpd of oil since 1979 as the oil exports averaged 3.244 million bpd.
[21:50:06] TRC: “The problem about reducing unnecessary expenditure in the budget of the Ministerial Committee is considering the possibility of imposing taxes on some public services and raise the government support on them, such as electricity, water and some oil derivatives, as well as the increase of customs duties on some imported materials especially electrical appliances, in order to reduce deficit”
[21:51:21] TRC: The Iraqi Finance Ministry said in a statement, “Alsumaria News” received a copy of it, “Zebari led a delegation with the participation of the Central Bank, representatives of the Ministry of Planning and the Ministry of Oil, a number of financial and economic experts in the Jordanian capital Amman,” pointing out that “the delegation held, today, annual round of consultations”
[21:51:33] teledive: they eliminated the ghosts in the ranks…:)
[21:52:08] TRC: yes, its hard to find ghosts
[21:52:20] TRC sent an audio message: Are you sure?
[21:53:01] Tf sent an audio message: Drumroll
[21:54:03] AMG sent an audio message: Uh urh
[21:54:52] TRC: hard to believe Iraq exported 3.3 mbpd in last week
[21:55:02] TRC: isn’t there war going on?
[21:55:09] TRC: :*-/
[21:55:09] AMG: wow
[21:55:19] design: hmmm
[21:55:38] AMG sent an audio message: Are you sure?
[21:56:01] TRC: but remember… Iraq’s target for 2014 was closer to 3.7 .. by end of year.. ISIS screwed that up
[21:57:17] teledive: ask and ye shall receive
[21:57:18] teledive: :)
[21:58:20] Tf: you are making me anxious…
[21:58:45] Tf: yes, great news!!!!!!!!!!!!!!!!!!!!!
[21:59:06] teledive: hence the noise!
[21:59:33] Tf: I was almost asleep…..
[21:59:42] AMG sent an audio message: Oh ohh!
[21:59:56] Tf: I knew something was up……
[22:00:57] Tf: you made me think our time was here….
[22:02:00] teledive: sorry…:(
[22:02:07] Tf: that we have waited on so long……
[22:02:36] Tf: please don’t, teledive
[22:02:51] teledive: :)
[22:03:23] Tf: I couldn’t resist seeing what was going on…..
[22:05:07] TRC: :)
[22:09:06] TRC: The promise of the Director-General of the Rafidain Bank, “revisit the clearing system does not mean that there was something wrong as far as the need for more explicit details, more training for employees,” he continued that the “incident prompted the bank with the central bank to put more stringent controls, to develop the system and more control”.
[22:09:36] TRC: concerning the missing millions
[22:09:54] TRC: most has been found
[22:10:19] AMG sent an audio message: Oh Boy!
[22:10:29] Tf sent an audio message: Oh Boy!
[22:13:01] TRC: need to increase training of bank employees
[22:13:32] TRC: that’s why money went missing
[22:13:41] Tf sent an audio message: Drumroll
[22:13:45] AMG: ok
[22:14:00] AMG: feels better now
[22:14:04] AMG sent an audio message: Laugh
[22:14:15] TRC: there was some criminal element.. too, they for most part have been found
[22:15:11] TRC: the system is fool proof, there is electronic trail, where ever money goes, cannot be wiped clean
[22:15:22] TRC: latest technology
[22:15:35] AMG: audit trails…………………..nice
[22:15:46] TRC: the criminals tried to steal money..
[22:16:00] TRC: and the bank employees fell for it,
[22:16:42] TRC: but when the experts came in, they found , the employees made some mistakes,
[22:16:56] TRC: so more training
[22:19:51] Tf sent an audio message: Drumroll

Chatroom Log Thursday

[20:24:08] TRC: what you think
[20:24:17] AMG: is doing good and you
[20:24:20] Tf sent an audio message: Oh ohh!
[20:24:48] Tf: who’s going to speak up???
[20:25:00] Tf sent an audio message: Drumroll
[20:25:42] TRC: spreiken de deutsch
[20:26:15] AMG: guten tag
[20:27:45] AMG: what’s news?
[20:28:03] TRC: pretty quiet today
[20:28:11] AMG: Is Abadi back in the future capital of the ME
[20:28:39] AMG: oh well, we were due for a slow day (or 2)
[20:28:46] TRC: UN and cabinet General Secretary signed agreement on 4 year plan
[20:28:54] Tf sent an audio message: Drumroll
[20:28:58] teledive: it’s the quiet before the storm!
[20:29:05] Tf sent an audio message: Drumroll
[20:29:11] teledive: the eye of the hurricane
[20:29:22] teledive: lol
[20:29:53] TRC: last nite there was another post on tariffs.. saying all imported goods now apply tariffs
[20:29:54] AMG: yup Iraq is doing very as they prepare to enter the global marketplace
[20:30:05] Tf sent an audio message: Drumroll
[20:30:12] TRC: just small announcement
[20:30:20] Tf sent an audio message: Oh Boy!
[20:32:11] TRC: Abadi is in Baghdad yes
[20:32:44] Tf sent an audio message: Drumroll
[20:35:16] AMG: hopefully we’ll more good news over the weekend
[20:35:21] AMG sent an audio message: Drumroll
[20:35:52] TRC: seen a lengthy article, not sure how accurate it is..saying Abadi is going to remove Allaq as governor of CBI
[20:36:26] TRC: not sure how accurate or the source
[20:36:29] teledive: I saw an article saying that that it was to be a radical change?
[20:36:29] design: it say why
[20:36:35] AMG: hmm
[20:36:54] TRC: associated with funds that disappeared under Maliki
[20:37:08] design: i see….
[20:37:15] AMG: oh
[20:37:30] TRC: Maliki installed Allaq as cabinet General Secretary, under his administration
[20:37:37] AMG: if true, we should see more articles soon
[20:37:40] design: put Shabibi back in….
[20:37:52] AMG sent an audio message: Drumroll
[20:38:06] design: :)
[20:38:43] TRC: he may be Maliki’s man , last one installed by him in sensitive position
[20:38:50] AMG: that would be fitting…seeing that Shabs was the architect
[20:39:03] design: agreed
[20:39:28] TRC: but could be bs as well
[20:39:39] design: and back in town
[20:39:41] AMG: true
[20:39:52] TRC: have not seen any more articles on Hashemi being in Iraq..
[20:40:03] TRC: only seen one
[20:40:30] TRC: he was supposed to be living in Qatar
[20:42:40] TRC: lots of articles on Maliki, but most I think are rumors, because I never seen Abadi say anything about him officially
[20:44:26] TRC: very tricky , when posting political articles, you find it hard to see truth from fiction
[20:45:01] design: i bet…
[20:45:55] TRC: if Maliki can be prosecuted for illegal activities Abadi most likely will do so
[20:46:13] AMG: ;)
[20:46:15] TRC: he is turning everything upside down
[20:47:00] design: :)
[20:47:50] teledive: as well he should but the reform website had mostly rumors along with the reform CBI article….i.e. Maliki was stealing billions or the translation was weak
[20:48:56] teledive: my hats off to you trc for sifting through the mountains of the articles that are out there
[20:49:32] TRC: ;)
[20:50:03] AMG: ditto
[20:50:07] AMG sent an audio message: Drumroll
[20:51:15] TRC: I think Shabibi may be too old , or not want job , as CBI governor, but I have never met him
[20:51:17] teledive sent an audio message: Yahoo!
[20:51:34] TRC: not sure how old he is now
[20:54:08] TRC: must be 70 anyway
[20:54:57] AMG: he is 73
[20:55:53] AMG: he is old enough but not too much
[20:55:57] AMG sent an audio message: Laugh
[20:56:06] TRC: might have a couple more years in , if he is anything like My grandfather he will
[20:56:49] TRC: grandfather was full of energy up into his 80’s
[20:57:02] AMG: nice
[20:57:41] TRC: might see Shabibi restored.. we will see
[20:58:06] design: maybe… :)
[20:59:18] TRC: remember him wanting zeros removed a couple years ago
[20:59:25] TRC sent an audio message: Laugh
[20:59:42] AMG: yes
[20:59:58] design: i remember
[21:00:01] TRC: very outspoken governor of central bank
[21:00:14] TRC: Maliki was intimidated by him
[21:00:56] TRC: Maliki said “he thinks he is an emperor or something”
[21:01:01] TRC sent an audio message: Oh Boy!
[21:01:32] AMG sent an audio message: Oh Boy!
[21:02:29] TRC: Shabibi was just very smart man, and at times he spoke when he should have been quiet
[21:03:15] design: yes
[21:03:21] TRC: Maliki’s economic adviser was totally against Shabibi’s ideas
[21:03:37] design: lots of friction
[21:03:41] AMG sent an audio message: Say What?!
[21:04:14] TRC: Antoine.. but Saleh is Abadi’s adviser
[21:04:39] design: the talking machine lol
[21:05:01] AMG: lol
[21:05:17] TRC: Antoine disagreed with just about everything Shabibi thought
[21:05:33] TRC: and he told Maliki
[21:05:39] design: too bad
[21:05:59] TRC: Maliki had to find a way to get rid of him
[21:06:11] AMG: and he did
[21:06:28] TRC: IQD value went down in value big time when Shabibi left
[21:06:54] TRC: took a year and a half to get it stable again
[21:08:33] AMG sent an audio message: Oh Boy!
[21:09:02] TRC: that was the reason they could not delete zeros then , IQD was too unstable
[21:09:09] TRC: :whistle:
[21:09:35] TRC: its been very stable and strong, in 2014
[21:09:44] AMG: no excuse now
[21:09:50] AMG sent an audio message: Drumroll
[21:10:01] TRC: they using ISIS now as excuse
[21:10:15] TRC: they nay sayers
[21:10:33] AMG: ISIS is being “handled”
[21:11:18] design: yes AMG… no excuse now
[21:12:00] TRC: customs tariffs full implementation has been approved, but they got to give date to activate,
[21:12:56] TRC: will be announced by Ministry of Finance, Transportation.. etc
[21:13:27] TRC: got to give companies a few days notice
[21:14:24] design: :)
[21:15:31] design: once approved and announced, whats really left?
[21:15:46] AMG: exchange
[21:15:56] AMG: ;)
[21:16:07] design: ok
[21:18:42] TRC: there is those 6 money exchange companies, mentioned in Iraqi stock market news were going to be trading.. have not begun yet
[21:21:51] design: ok
[21:22:36] TRC: can only assume, they are going to be working in Forex department
[21:22:52] AMG: seems like the ISX homepage was rearranged,
[21:26:11] TRC: can assume that those companies will start in new year
[21:26:32] TRC: and a new Iraq bank
[21:26:49] TRC: cant recall name of the bank
[21:27:01] TRC: Transiraq..
[21:27:06] TRC: I think
[21:29:30] TRC: The Iraqi Securities Commission (ISC) had approved the Iraq Stock Exchange (ISX) board of governors’ decision to list two banks and eight money exchange companies on the ISX
[21:30:04] TRC: 1) The National Islamic Bank, 2) The Trans Iraq Bank For Investment, 3) Al-Taif Company For Money Exchange, 4) Mo’tta Company For Money Exchange, 5) Sama Baghdad Company For Money Exchange,
[21:30:32] TRC: 6) Al- Arabiya Company For Money Exchange, 7) Al-Iraqia Company For Money Exchange, 8) Al-Harir Company For Money Exchange, 9) Atta’ Al-Ghari Company For Money Exchange, 10) Al-Muhij Company For Money Exchange.
[21:30:53] TRC sent an audio message: Drumroll
[21:33:06] TRC: that was posted on Rabee Securities
[21:34:12] design sent an audio message: Drumroll
[21:34:30] AMG: it was ty
[21:34:36] AMG: TRC
[21:36:24] AMG: wonders if Warka will be allowed to trade on the ISX
[21:36:56] AMG: have not traded for several years now
[21:46:36] AMG: good to see those exchange companies listed on the ISX…………..and ready to go ^.^
[21:46:59] TRC: :)
[21:53:08] TRC: makes you think
[21:55:04] AMG: :*-/
[21:55:55] AMG: is ready to jump on the ISX………..soon
[21:56:02] AMG sent an audio message: Drumroll
[21:58:13] TRC: they have been approved
[21:58:26] TRC: but thats all know of
[21:59:05] TRC: another soon..
[22:05:05] AMG: yes’
[22:08:11] AMG: Tourism/Hotels index prices on the ISX are high…..compared to other indices….hmm
[22:09:12] AMG: Banks are doing well and priced decently for now
[22:17:58] TRC: banks tend to always do well
[22:18:01] TRC: lol
[22:18:31] TRC: savings accounts/ checking accounts are up at banks every year
[22:19:11] TRC: as Iraq’s younger generation become adults they are opening bank accounts
[22:21:53] AMG: likes that
[22:22:34] TRC: banks are always good safe place usually
[22:22:46] TRC: might be odd bad apple
[22:23:58] TRC: the big banks make profits every year
[22:24:10] TRC: no matter what economy does
[22:24:13] TRC sent an audio message: Laugh
[22:24:49] AMG: lol
[22:26:49] TRC: in a developing economy even better bet
[22:26:58] TRC: they are affordable
[22:28:09] AMG: for sure
[22:30:37] AMG: not sure if I can purchase now….as they have not been updated since 10/16…..hm
[22:31:25] AMG: will try to get a hold of Warka on Sunday to find out
[22:34:48] AMG: nice post on USAID….career fair and such
[22:35:46] AMG: especially like the year – 2014
[22:35:50] AMG sent an audio message: Oh Boy!
[22:38:18] TRC: Central Bank announces the formation of a committee to investigate the theft of 500 billion dinars from the Rafidain Bank
[22:38:30] TRC: Abadi is not pleased
[22:38:36] TRC sent an audio message: Drumroll
[22:39:33] AMG: yup, i bet

Chatroom Log Tuesday

[20:40:42] Tf: great news today!!!!!!!!!!!!!!!!!!!!!!!!!!
[20:41:15] TRC: I like that article , parliament Deputy Speaker said to german government they intend to lift all restrictions in investment law
[20:41:38] design: things really seem to be coming together rather quickly!
[20:42:18] design: as you say”convertible currency”
[20:42:41] TRC: remember , last week parliament speaker said they were going to approve investment law amendment, but didn’t happen for some reason
[20:45:28] design: yes
[20:47:46] TRC: something needs done first?
[20:48:47] TRC: budget?
[20:50:33] design: maybe so!!
[20:55:44] AMG: are we there yet????
[20:55:46] AMG sent an audio message: Laugh
[20:56:15] teledive: soon…:)
[20:56:37] TRC: Abadi moved pretty fast, getting it approved at cabinet meeting
[20:56:39] AMG: very soon?
[20:56:55] teledive: yes! Abadi don’t play!
[20:57:07] AMG sent an audio message: Yahoo!
[20:57:45] TRC: got it written in budget in duplicate as official in less than 24 hours
[20:59:46] TRC: and he has lots of time to meet his deadline
[21:00:10] TRC: am very optimistic he will meet it
[21:01:22] AMG: more great news///////
[21:02:52] AMG: We congratulate the Iraqi and Kurdistan Regional Governments on reaching a broad agreement on revenue management and oil exports originating from the Iraq Kurdistan Region and Kirkuk. This resolution, in line with its constitution, allows all Iraqis to benefit equitably from Iraq’s hydrocarbon sector. This agreement will further strengthen both Iraq’s Federal Government and the Kurdistan Regional Government
[21:03:40] TRC: yes the UN and Washington have congratulated them
[21:03:49] AMG: from: Marie Harf Deputy Department Spokesperson, Office of the Spokesperson Washington, DC December 2, 2014
[21:03:54] AMG sent an audio message: Drumroll
[21:04:03] AMG sent an audio message: Yahoo!
[21:04:31] TRC: getting approved in cabinet is about as official as you can get
[21:04:58] AMG: just when we think news can’t get any better……………….IT DOES
[21:05:43] AMG sent an audio message: Say What?!
[21:06:00] TRC: would take a week to get to cabinet with Maliki
[21:06:22] TRC: Abadi does it in less than 24 hours
[21:06:30] AMG sent an audio message: No Way Dude!
[21:06:37] AMG: ^.^
[21:06:57] TRC: Abadi told Barzani wait, stick around until tommorrow, you can watch cabinet approve this
[21:07:04] TRC sent an audio message: Drumroll
[21:07:13] design: :)
[21:07:14] AMG sent an audio message: Drumroll
[21:07:19] design sent an audio message: Drumroll
[21:08:06] TRC: see maliki in state law party, not ex pm maliki, another one.. said government is giving away all our riches to kurdistan
[21:08:16] TRC: :whistle:
[21:08:47] TRC: might be a cousin of nouri
[21:08:56] TRC sent an audio message: Clear Throat
[21:09:14] AMG: or evil twin
[21:09:20] AMG sent an audio message: Oh ohh!
[21:11:08] TRC: Abadi cut his salary by 50%
[21:11:18] TRC: and rest of cabinet
[21:11:42] TRC: most likely trying to lead by example
[21:11:47] AMG: yup – deficit reduction
[21:11:55] TRC: hoping parliament will do same
[21:13:01] TRC: he will get this done in next few days, am quite confident
[21:13:33] AMG: works for me :whistle:
[21:14:17] TRC: never seen maliki getting involved with budget, that was minister of finance job
[21:15:22] TRC: Abadi is getting involved in everything
[21:15:37] design: is he ever!
[21:15:45] TRC: his fingers are very long
[21:16:14] AMG: hands-on
[21:16:43] TRC: was involved in Minister of Justice today too, told them anybody arrested without a legal warrant will be prosecuted
[21:16:51] AMG: but not micro-managing
[21:16:54] Tf: I read somewhere that Maliki was the highest paid leader of any country…bar non…
[21:17:09] Tf: It was unreal what he was making as PM
[21:17:31] AMG: cuz he helped himself to…….whatever he could
[21:17:36] AMG sent an audio message: Laugh
[21:17:50] TRC: he got just a job , to protect him from prosecution temporarily
[21:18:57] TRC: most likely working on immunity
[21:19:00] Tf: great news today!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!1
[21:19:44] Tf sent an audio message: Oh Boy!
[21:20:05] AMG sent an audio message: Drumroll
[21:20:25] TRC: dont know what to expect tomorrow
[21:20:54] TRC: Abadi is supposed to be going to Europe for NATO meeting
[21:20:56] Tf: me, either, TRC
[21:21:06] TRC: not sure what day
[21:21:16] Tf: things are moving in the fast lane now…..
[21:21:52] Tf sent an audio message: Oh Boy!
[21:22:01] TRC: he is doing such a good job, there is increasing threat of assassination..this is middle east
[21:22:21] AMG sent an audio message: Say What?!
[21:22:31] TRC: hopefully he has good security team
[21:22:40] AMG: say it ain’t so
[21:22:41] Tf: We can only hope
[21:23:11] TRC: well Abadi is arresting and firing many corrupt people in various ministries
[21:23:16] AMG: first ive heard that tidbit
[21:23:19] Tf: for Iraq’s sake and for our long awaited rv
[21:23:32] AMG: ohhh’
[21:24:05] TRC: he is basically turning place upside down, therefore threats of assassination are quite possible
[21:24:35] Tf: yes, you are right, TRC
[21:27:39] TRC: rumors all the time of maliki planning a coup
[21:27:53] Tf sent an audio message: Bogus
[21:27:55] TRC: but as far as I can tell just rumors
[21:28:04] Tf: let’s hope
[21:32:25] TRC: US Airforce is sending warthogs to attack ISIS
[21:32:56] TRC: left Afghanistan are in Kuwait
[21:40:02] TRC: Abadi has left Iraq
[21:40:13] TRC: will see if the mice play
[21:40:16] TRC sent an audio message: Drumroll
[21:40:27] TRC: :-o
[21:40:50] Tf sent an audio message: Drumroll
[21:43:54] Tf: Do you mean Abadi has left Iraq for the NATO meeting in Europe, TRC???
[21:44:06] Tf sent an audio message: Drumroll
[21:44:31] TRC: Brussels
[21:44:59] Tf: I sure hope he has a good security team also.
[21:45:20] TRC: NATO mentioned earlier this week, they are ready to assist Iraq in any way they see fit..
[21:45:24] Tf: He surely is playing hardball…
[21:45:44] Tf: that is just what is needed…
[21:45:46] TRC: so Abadi can pick n choose what he would like
[21:46:14] TRC: anything short of troops I imagine
[21:46:31] TRC: Iraq is kicking butt now
[21:46:41] TRC: they dont need troops
[21:47:48] Tf: It looks to me that many nations are ready and willing to help Iraq….
[21:48:01] Tf: there are many dogs in this fight.
[21:48:31] Tf: many who stand to lose if Iraq is taken down….
[21:48:57] Tf: many who stand to benefit if Iraq is prosperous and secure
[21:49:44] Tf: like we said before…..things are complicated…..
[21:50:12] TRC: if you look at photos , with Abadi and others in the room, they look like children
[21:50:27] TRC: Abadi is the daddy
[21:50:47] TRC: he truely controls the room
[21:51:13] Tf: Let’s just hope Abadi can be successful in his endeavors…..for Iraq’s sake and ours..
[21:51:45] TRC: maliki really did not have a clue half the time
[21:51:58] TRC: Abadi knows everybody’s job
[21:52:12] Tf: It is very encouraging that young Iraqis are wanting Iraq to prosper.
[21:53:25] TRC: Abadi seems to know just by looking at someone , what he is about
[21:53:45] Tf: that is a gift
[21:53:53] TRC: the Kurdistan leader Barzani, seemed in awe of him as well
[21:54:04] Tf: you don’t learn that from books
[21:54:37] TRC: maliki was not awed by kurds , they challenged him
[21:56:06] Tf: Can you imagine the wealth of the deal that Erbil just made with Baghdad???
[21:56:37] Tf: Not so much now…..but, post rv, I mean
[21:57:08] TRC: Iraq’s oil exports will increase
[21:57:33] TRC: by about 400,000 to start
[21:57:47] Tf sent an audio message: Drumroll
[21:58:18] TRC: by summer will be close to million.. just from turkish port
[21:58:39] Tf: and that is just Erbil’s part…..Baghdad is to benefit also
[21:58:52] Tf: there is no way that the dinar will remain at 1166
[21:58:57] TRC: if saudi pipeline comes back on line, another addition
[22:00:19] TRC: Kirkuk oil will be exported thru kurds pipeline to turkish port
[22:00:37] Tf: IMO, the CBI can write their own check……I mean, I am sure they can justify the rate that they will set for the dinar
[22:00:54] TRC: there has been no oil exported from Kirkuk since last march
[22:01:24] TRC: Kirkuk oil is now being exported thru kurds pipeline
[22:01:29] Tf: do you really think that they would start the rate at $1.00?? I don’t see how they can justify it that low…
[22:02:01] Tf: jmho
[22:02:32] TRC: according to draft budget, pipeline supposed to take 550,000 barrels a day to mediterranean port of Ceyhan Turkey
[22:02:47] Tf sent an audio message: Drumroll
[22:03:07] TRC: that is added to oil exports numbers of Iraq
[22:03:29] TRC: which have not been added this past year
[22:03:57] TRC: that automatically pushes exports well over 3 million
[22:04:12] Tf sent an audio message: Yell!
[22:04:35] TRC: Saudi pipeline, could carry most likely 200,000 barrels per day
[22:05:23] TRC: Basra is currently exporting around 2.5 million barrels per day
[22:05:37] TRC: at seaports
[22:05:44] Tf sent an audio message: Yell!
[22:06:15] TRC: a new jordanian pipeline to its sea port is in works too..
[22:06:24] Tf sent an audio message: Drumroll
[22:07:46] Tf: I think the deal between Erbil and Baghdad speaks volumes..