Chatroom Log Thursday

[20:30:13] TRC: CBI governor said new lower currency categories will begin issuing in early 2017
[20:30:28] TRC: or by end of year
[20:31:50] design: guess that tells us something!
[20:31:54] TRC: this time it is definitely more likely
[20:32:21] TRC: especially since FATF IS REMOVING ALL RESTRICTIONS ON THE CENTRAL BANK
[20:33:48] TRC: I believe this is definitely the real deal
[20:34:09] TRC: lol have said before but learned so much since
[20:40:24] design: lol
[20:41:30] TRC: IMF is meeting monthly with CBI so they should get things done right
[20:42:18] design: yes, hope so
[20:43:16] TRC: they meet again in november
[20:43:43] TRC: things are going at break neck speed compared to last ten years
[20:44:02] design: right
[20:44:47] TRC: cannot see any cancelling issues of this announcement albeit of a military coup, or WW3
[20:44:56] TRC: :whistle:
[20:45:13] design: wonder if they would rv prior to new lower currency…… or after
[20:45:54] TRC: CBI said the edinar will be launched by end of year or early 2017
[20:46:02] TRC: if you recall
[20:46:16] TRC: that is convertible dinar
[20:46:28] TRC: electronic global currency
[20:46:42] design: thats right!
[20:46:57] TRC: the value currently is set during sanctions not real global value
[20:46:59] design: forgot
[20:47:01] design: lol
[20:47:24] TRC: all restrictions will be lifted on central bank
[20:47:44] TRC: we will see
[20:47:55] design: right
[20:47:57] TRC: not sure what the value will be
[20:48:31] design: thats the big question too
[20:56:26] TRC: and the money laundering law and financing of terrorism
[20:57:00] TRC: this lifts a number of UN security council resolutions on Iraq
[20:57:23] TRC: Chapter 7 now is lifted 100%
[20:58:47] TRC: of course officially yet has not happened it will shortly
[20:58:59] TRC: by end of year
[20:59:24] TRC: will be official announcement no doubt
[21:00:50] TRC: everything has been done, official date not announced
[21:01:06] TRC: maybe November
[21:01:47] TRC: November 1st the old trade agreement with arab states becomes null n void
[21:02:01] TRC: new system begins
[21:06:57] TRC: for first time in 13 years new trading agreement goes into effect

Chatroom Log Tuesday

[20:26:25] TRC: Iraqi government considering paying kurdish government employees
[20:26:34] TRC: instead of Erbil
[20:26:41] TRC sent an audio message: Drumroll
[20:27:06] TRC: this goes thru Baghdad will take control of kurdish finances
[20:27:23] AMG: hey ^.^
[20:28:32] TRC: the law on terrorist financing has been published in iraqi gazette
[20:28:38] TRC sent an audio message: Drumroll
[20:29:16] TRC: this is what Financial Action Task Force was looking for to remove all restrictions on central bank
[20:29:31] AMG sent an audio message: Oh Boy!
[20:30:20] TRC: took so many years to get this law, but I think it was mainly due to stupidity of the elected officials
[20:30:36] AMG: lol
[20:31:02] TRC: many leaders early on did not have a high school education
[20:33:03] TRC: now that IMF has taken control
[20:33:11] AMG sent an audio message: Drumroll
[20:33:20] TRC: they know what has to be done
[20:33:44] TRC: instead of listening to Maliki as they did the last 8 years
[20:33:52] AMG sent an audio message: Bogus
[20:34:31] TRC: so you could say.. the downturn in oil has benefited Iraq and us in short term
[20:36:44] TRC: allowed IMF to come in
[20:38:37] AMG: yup……………………that’s a good thing
[20:39:03] AMG: take charge to do it right
[20:39:25] design: good deal
[20:40:14] TRC: there is UN, US Treasury, IMF and Worldbank experts going thru the books and advising iraqi financial advisers on how to move into global financial markets
[20:40:55] AMG: they needed all the help could get
[20:40:59] TRC: which in turn get removal of Iraq from black list by FATF
[20:41:01] AMG sent an audio message: Drumroll
[20:41:27] design: cool
[20:41:37] AMG: πŸ˜‰

Chatroom Log Sunday

[20:11:50] AMG: slow news weekend πŸ™
[20:12:24] TRC: oh?
[20:13:28] AMG: not much chatter in dinarland………except the Yuan in the SDR basket
[20:13:33] AMG sent an audio message: Drumroll
[20:14:05] AMG: anticipated
[20:14:53] AMG: Russia warns US about SYRIA Aleppo
[20:15:01] TRC: Iraq signed agreement to start shipping line to ship goods to and from Iraq
[20:15:17] AMG: ohyeah
[20:15:18] TRC: with Global Marine
[20:15:38] TRC: they have four ships now will get more
[20:16:04] TRC: they used to have more before war with Iran
[20:16:45] TRC: these four are brand new
[20:17:07] TRC: will be ordering more from korean ship builder
[20:17:17] AMG: yes
[20:17:21] TRC: container and freight
[20:17:44] TRC: grain and dates too for export
[20:18:38] TRC: US congress failed to approve the funding of half iraqi bonds last week
[20:18:50] AMG sent an audio message: Yell!
[20:18:58] TRC: was republicans would not pass it
[20:19:01] AMG: πŸ™ saw that
[20:19:05] AMG sent an audio message: Yell!
[20:19:14] AMG: jerks
[20:19:21] TRC: mostly because election year I think
[20:19:51] TRC: never seen such a crazy election year
[20:21:36] TRC: CBI governor said in the official news paper of Iraq, Iraq has been approved to financial white list
[20:22:33] AMG: huh?
[20:22:37] TRC: FATF has approved Iraq, lifting all sanctions on financial trading
[20:23:27] AMG: awesome
[20:25:42] TRC: executive director of association of iraqi banks said will cooperate with CBI through establishment unit to combat money laundering in each bank
[20:26:29] TRC: 40 experts have been trained in global standards
[20:26:39] TRC: will be in each bank
[20:27:43] AMG sent an audio message: Drumroll
[20:28:04] TRC: Iraq classification on white list reflects positive image to move money
[20:29:14] TRC: global organisations recognize importance of Iraq on the international economy
[20:29:43] AMG sent an audio message: Oh Boy!
[20:30:13] TRC: 300 currency exchange offices have been put on black list
[20:30:47] AMG: so when do we exchange??? lol
[20:30:50] AMG sent an audio message: Laugh
[20:30:57] TRC: cooperation between CBI and US Treasury on status of these companies
[20:31:43] TRC: this is first time there is coordination with US bank
[20:32:04] TRC: will continue
[20:32:10] AMG: cooperation
[20:32:19] AMG: nice
[20:32:43] TRC: CBI will link with US Treasury
[20:32:54] TRC: permanently
[20:33:01] TRC: electronically
[20:33:58] TRC: activating the memorandum of understanding with United Nations
[20:34:41] TRC: allowing international investigators to investigate for looted funds inside and outside of Iraq
[20:35:41] TRC: on the surface it looks like Iraq is going global sooner than later
[20:36:03] AMG: πŸ˜‰
[20:37:29] TRC: October 1st it began by looks of it
[20:37:53] TRC: all above news
[20:39:04] TRC: IMF meetings start next week
[20:42:23] AMG: :-c
[20:45:58] TRC: will see ships with iraqi flag some where some time
[20:55:59] TRC: US fiscal year starts monday
[20:59:15] TRC: CBI was closed today
[20:59:27] TRC: islamic new year
[21:00:18] AMG: MONDAY it is
[21:00:56] design: seems lots happening
[21:01:33] TRC: serial numbers on banknotes now will be able to be sent instantly to US Treasury electronically
[21:01:41] AMG sent an audio message: Drumroll
[21:01:47] AMG: πŸ˜‰
[21:02:22] TRC: alot has happened in last 12 months thats for sure
[21:02:49] design: they got to be bout ready! lol
[21:03:17] AMG: Soon
[21:03:40] TRC: they are trying to figure out now how to launch eurobonds without US support
[21:03:54] AMG sent an audio message: No Way Dude!
[21:04:33] TRC: talking bout maybe launching 1 billion in bonds instead
[21:04:42] TRC: 2 billion
[21:05:47] TRC: congress will not meet again on finances until after new president sits in whitehouse I believe
[21:07:57] TRC: yes news out today looks very promising for most part design

Chatroom Log Monday

[19:52:30] TRC: exported more gas
[19:52:38] design: ok
[19:52:44] TRC: three shipments in one day
[19:53:15] TRC: loaded three tankers, infrastructure must be up to date
[19:54:03] design: right
[19:54:26] TRC: budget will be sent to parliament by or on the tenth of September
[19:54:40] TRC: earliest ever
[19:54:47] TRC: so says Abadi
[19:57:31] design: cool
[19:57:58] design: IMF must be pushing
[20:02:24] TRC: CBI printed the 100,000 dinar
[20:02:31] TRC sent an audio message: Drumroll
[20:04:22] design sent an audio message: Oh Boy!
[20:07:01] TRC: it is as planned a new banknote every couple months or so,..
[20:07:20] TRC: did not think they would release the 100k
[20:07:40] TRC: but looks like they are going to do it
[20:08:05] TRC: will shrink the amount of banknotes some more
[20:09:10] TRC: they are gearing up to eliminate the zeros
[20:11:44] TRC: the leader of the national coalition in Iraq has called for removal of governor of CBI, a new one approved by parliament
[20:12:09] TRC: end to currency auction and floating the dinar
[20:12:14] TRC sent an audio message: Drumroll
[20:13:00] TRC: Abadi said new candidates would be sent to parliament of all independent bodies
[20:21:39] design sent an audio message: Oh Boy!
[20:21:45] design sent an audio message: Drumroll
[20:29:46] TRC: Abadi is pretty much getting everything he wants
[20:29:55] TRC: πŸ™‚
[20:30:14] design: cool
[20:30:15] TRC: sometimes it is a battle but he wins in the end
[20:30:29] design: he’s a winner
[20:31:00] TRC: as long as he does not get assassinated as Tf would say
[20:31:15] design: lol
[20:31:56] design: they are sure planning for deletion of zeros
[20:32:12] design: quickly
[20:32:42] TRC: next banknote will be the 100 or 200
[20:33:26] design: ok
[20:33:31] TRC: there is no banknote planned higher than the 100,000
[20:38:08] TRC: the idea with the high value banknotes, is to shrink the number of banknotes
[20:38:17] TRC: no other reason
[20:39:29] design: ok

Chatroom Log Sunday

[20:31:22] TRC: not much news today
[20:31:40] TRC: Iraq had to close stock exchange due to heat
[20:31:47] design: ok… was going to ask if i missed anything
[20:32:03] TRC: 2016 is one of the hottest years
[20:32:13] design: yes
[20:34:17] TRC: Central Bank governor had big announcement yesterday
[20:34:43] design: you posted comment
[20:35:05] TRC: oh?
[20:36:44] TRC: anyways, electronic currency will be launched by end of year or early 2017
[20:36:54] TRC: electronic dinar
[20:36:59] TRC sent an audio message: Drumroll
[20:37:46] design: chair of Iraqi business council etc.
[20:38:09] TRC: now you know what this means?
[20:38:31] design: no, do not, that was next question
[20:38:46] TRC: convertible currency
[20:38:54] design sent an audio message: Drumroll
[20:39:43] TRC: Governor said as soon as the infrastructure is completed it will be launched
[20:39:45] design: 15 billion electronic dinars
[20:40:21] TRC: now this goes in hand with the Rafidain and Rasheed banks getting automated
[20:40:32] TRC: all is connected
[20:40:56] TRC: they said 125 days
[20:41:02] TRC: last week
[20:41:08] TRC sent an audio message: Drumroll
[20:41:11] design sent an audio message: Oh Boy!
[20:41:16] design sent an audio message: Drumroll
[20:41:22] TRC: its coming
[20:41:40] design sent an audio message: Drumroll
[20:41:54] TRC: now we must still wait for one thing, now we know approximate dates
[20:42:05] TRC: is what value
[20:42:11] TRC: :whistle:
[20:42:16] TRC: 1-1?
[20:42:46] design: that would be just fine
[20:42:54] design: πŸ˜›
[20:43:26] TRC: this is last year we wait like dogs at the door
[20:44:16] design: yep
[20:44:32] TRC: they are exporting gas now every week
[20:44:44] design: right
[20:45:14] design: 125 days, started last week…. AND COUNTING…
[20:45:43] design: exciting times….. finally
[20:47:04] AMG sent an audio message: Drumroll
[20:48:04] TRC: we should see new currency talk too
[20:48:12] TRC: intensify
[20:48:31] AMG: nice TRC
[20:48:36] TRC: like that article that came out a couple weeks ago
[20:48:50] TRC: polymer new currency
[20:50:15] TRC: pretty much impossible to counterfeit
[20:50:39] AMG: ^.^
[20:50:42] AMG sent an audio message: Drumroll
[20:51:05] design sent an audio message: Drumroll
[20:51:36] TRC: highest denomination of 100
[20:52:24] AMG: like $100.00 bill………….Uncle Ben
[20:52:36] AMG sent an audio message: Drumroll
[20:52:47] TRC: you read that article?
[20:53:06] AMG: ahh no…yet
[20:53:44] TRC: said currently there is 1000 fils in one dinar, will be changed to 100 fils
[20:54:21] AMG: ohhhhh…….like a penny
[20:55:05] TRC: but in question on about 1/2 fils
[20:55:12] TRC: not final
[20:55:37] TRC: it depends I think on value
[20:56:08] AMG: come out higher……………..not needed
[20:56:17] TRC: if it was 3 or 4 dollars like before 1/2 and 1/4 fils may be needed etc
[20:56:19] AMG: IMO
[20:56:43] TRC: 1-1 only need 1 fils as lowest
[20:57:10] AMG: GOTCHA…..my math was off
[20:57:22] design: i see…makes sense
[20:59:53] AMG: awesome
[21:00:40] TRC: pretty much the best news in last week we have had yet
[21:01:00] AMG: agrees
[21:01:38] TRC: Rafidain bank restructuring completed, now CBI governor announces launch of electronic dinar

Chatroom Log Tuesday

[19:45:13] AMG: bombings in Baghdad’………………….sigh
[19:45:19] AMG: πŸ™
[19:46:46] TRC: CBI governor got approval from government in Baghdad to open new CBI building in Erbil
[19:46:56] Tf: what is the significance in opening a branch of the CBI in Erbil?
[19:47:42] TRC: obviously Kurdistan is not leaving the iraqi dinar anytime soon
[19:48:07] Tf: the parliament is extending their sessions for one month?
[19:48:22] Tf: we knew that, didn’t we, TRC?
[19:48:39] Tf: Barzani is a big cry baby….
[19:49:23] Tf: never satisfied…
[19:49:25] TRC: well even if kurds want autonomy in every way, they will still use IQD
[19:49:55] Tf: all I can do is shake my head….
[19:50:26] Tf: I have to give Abadi credit….
[19:50:44] Tf: he has bent over backwards to pacify Barzani…..
[19:51:03] Tf: Abadi inherited Maliki’s mess….
[19:51:12] AMG sent an audio message: Drumroll
[19:51:22] AMG: yes
[19:51:26] Tf: IMO…Barzani is yet to step up to the plate….
[19:51:36] Tf: he is living in the past….
[19:52:16] TRC: Barzani family rule kurdistan
[19:52:18] Tf: he needs to bury the hatchet from Maliki’s watch….and start working with Abadi….
[19:53:26] Tf: anyway….it is good news….
[19:53:32] Tf: thank you, TRC
[19:54:09] TRC: in 13 years Barzani hold on kurds is like iron vise
[19:54:34] Tf: as we have said before….Abadi doesn’t complain….he just keeps plugging along….
[19:54:40] TRC: he said he would step down when kurdistan is independent
[19:54:50] Tf sent an audio message: Laugh
[19:55:32] Tf: that is just what I was talking about…
[19:55:51] Tf: what a loser….
[19:56:05] Tf: never good enough for him….
[19:56:17] TRC: Iraq out produced again this year in wheat n barley, not enough storage facilities once again, they build new ones every year
[19:56:22] Tf: is it true that he is a billionaire?
[19:56:47] Tf: Barzani?
[19:56:49] TRC: not sure
[19:59:40] When is RV?
[19:59:40] Do we have date and rate
[20:08:52] fs: hey AMG, how long do you think it’s going to take Iraq to complete financial reform? πŸ˜€
[20:08:55] TRC: parliament will meet until Ramadan
[20:09:10] AMG: forever lol
[20:09:26] fs: πŸ˜€
[20:09:27] Tf: I believe we will be pleasantly surprised….
[20:10:12] AMG: another Ramadan
[20:10:17] AMG sent an audio message: Bogus
[20:10:44] Tf: Iraq will hit it out of the ball park…..I believe…
[20:10:50] TRC: it is investing
[20:11:10] fs: Iraq is investing?
[20:11:18] TRC: we are
[20:11:36] fs: LOOONG term investing….
[20:11:58] AMG: lol
[20:12:37] fs: HOw much IQD is printed and out there?
[20:12:53] AMG: :*-/
[20:12:54] TRC: nobody knows
[20:13:16] TRC: they may have estimate on inside iraq
[20:13:22] fs: where does the 43 trillion figure come from?
[20:13:42] TRC: how much was printed
[20:14:03] fs sent an audio message: Oh ohh!
[20:14:09] TRC: and supposedly how much was destroyed
[20:14:52] TRC: but you have hard time calculating actual amounts since so much are outside the country
[20:15:51] TRC: when calculating a value of a currency before it is convertible outside country, they can use various mechanisms
[20:16:51] TRC: gold, cash reserves is part of it
[20:17:38] TRC: CBI governor has repeatedly said cash reserves cover 1 1/2 times cash in circulation
[20:17:54] TRC: sometimes 2 1/2 times
[20:18:25] TRC: now a cb/ central bank does not need to cover more than 75%
[20:19:56] TRC: some of the mechanisms on calculating a value is using resources as well
[20:20:14] TRC: now they can use oil in Iraq
[20:20:24] TRC: estimated value
[20:20:29] TRC: etc.
[20:20:57] TRC: but we do not know exactly the mechanism CBI and IMF will use
[20:21:32] TRC: as an investor we invest, and wait
[20:23:11] TRC: what ever value is set, international banks will honor it after article 8
[20:23:48] TRC: but each bank in each country can choose whether they want to exchange IQD
[20:24:16] TRC: it will depend on eeconomic relations
[20:24:30] TRC: trade deals etc.
[20:28:51] TRC: last number I recall was 7 trillion outside country
[20:29:02] TRC: but that was a few years ago
[20:29:13] TRC: maybe 10 trillion now
[20:29:20] TRC: lol
[20:29:58] TRC: how much USD do you think is outside america?
[20:30:30] TRC: Shabibi once was asked about IQD outside Iraq,
[20:30:46] TRC: he said it is of no concern to me
[20:31:05] TRC: he is only concerned with how much is in Iraq
[20:31:24] TRC sent an audio message: Drumroll
[20:34:44] AMG sent an audio message: Drumroll
[20:34:51] Tf sent an audio message: Drumroll
[20:46:09] TRC: actually we probably talked about this before
[20:46:22] TRC: but just update
[20:46:23] Tf: have you heard anything from Sadr?
[20:46:34] TRC: sadr?
[20:47:49] Tf: Muqtadā al-Ṓadr is an Iraqi Shia cleric, politician and militia leader. He is the leader of a political party, the Sadrist Movement and the leader of Saraya al-Salam, ..
[20:48:01] TRC: yes
[20:48:08] TRC: what about him
[20:48:55] AMG: he’s a d**k….IMO
[20:49:00] Tf: I wondered if you have heard any news about his protesters?
[20:49:24] Tf: are they being prosecuted?
[20:49:31] TRC: no
[20:49:45] Tf: is he holding them off for the time being?
[20:50:09] Tf: giving parliament a month to do what he demands?
[20:50:28] Tf: are they still protesting on Fridays now?
[20:50:40] TRC: nothing he can do, nobody in parliament
[20:51:03] Tf: are they standing down?
[20:51:18] TRC: Sadr city has been bombed repeatedly the last week
[20:52:13] TRC: no he has nothing to do
[20:53:35] TRC: sadrists are in Sadr city
[20:53:54] Tf: ISIS is desperate…
[20:53:57] Tf: IMO
[20:54:45] Tf: I would think the Iraqis would be so sick and tired of their people being killed…bombed….
[20:55:03] TRC: they are
[20:55:06] Tf: maybe I don’t understand their mindset….
[20:56:35] TRC: the biggest suicide bomb was a woman today
[20:56:46] TRC: how do you stop it
[21:00:30] TRC: its funny how it flared up as ISIS is losing massively on the battle field
[21:00:46] TRC: looks like sleeper cells

Chatroom Log Tuesday

[19:53:54] TRC: they pulled a 2000 ton sunken vessel out of shat al arab, today
[19:54:09] AMG: oh
[19:54:16] TRC: was there for many years
[19:54:34] AMG: wonder how old it was
[19:55:06] TRC: most likely sunk between Iran/Iraq war and the 2003 war
[19:55:14] TRC: somewheres
[19:55:27] AMG: ohh
[19:55:33] TRC: they have pulled many out of water
[19:56:04] TRC: opening up for another pier
[19:56:12] TRC: had to remove it
[19:56:56] TRC: lots still in water on iranian side
[19:57:44] TRC: Iraq has been pulling them out steady since 2003
[19:58:51] TRC: some take months to get them out
[19:59:01] TRC: very large vessels
[19:59:30] AMG: that takes money too lol
[19:59:59] TRC: after three wars,
[20:01:33] TRC: ISIS is putting up stiff resistance in Hit or Heet
[20:01:59] TRC: western Anbar
[20:02:15] TRC: small town or city
[20:02:35] TRC: they fight or die
[20:03:26] TRC: iraqi forces are 1 km from center
[20:04:28] TRC: Iraq forces in Nineveh continue liberating one town/village after another heading north
[20:08:13] TRC: a christian general was named the top leader of popular mobility forces in iraqi forces
[20:09:42] TRC: very significant, since no christian has had any high office in Iraq since saddam
[20:10:22] TRC: saddam had a few christians in high places
[20:10:41] TRC: most notably foreign minister, deputy prime minister Tariq Aziz
[20:10:57] AMG: ohh
[20:11:15] TRC: you do not remember him
[20:11:30] TRC: he was at UN meetings all the time
[20:11:44] TRC: he just died last year in prison
[20:13:23] TRC: there was over 1 million christians in Iraq under saddam
[20:13:47] TRC: now there is like 50k
[20:14:37] TRC: saddam seemed to like christians or had no indifference
[20:15:34] TRC: Abadi appointed this christian general to make a point no doubt
[20:16:51] AMG: :whistle:
[20:17:18] TRC: Sunni said popular mobility was a shiite force
[20:17:26] TRC: no longer so
[20:18:57] TRC: the largest bank in middle east made another step to privatization
[20:19:18] AMG: πŸ˜‰
[20:19:34] TRC: CBI has allowed Rafidain bank to exchange currencies, aka sell dollars
[20:19:55] AMG sent an audio message: Oh Boy!
[20:20:02] TRC: it is part of the transition to private bank
[20:20:32] TRC: private banks are only banks which sells currency
[20:21:17] TRC: Rafidain has many branches not just in Iraq but thruout Arab world and beyond
[20:22:22] TRC: it was stated after transition to private bank, deleting the zeros will be plausible, another one of those steps
[20:22:50] AMG: that reminds me, I need to contact Warka to see how my account is. :-c
[20:23:03] TRC: a couple weeks ago was said that the transition was over 90% complete
[20:23:23] AMG: steps forward…….I like
[20:23:45] TRC: Madison was in chat a lil bit ago, said she was contacted by Warka
[20:25:30] AMG: πŸ™ Warka has not contacted me (yet)
[20:26:09] AMG: …..I’ll try to reach them tomorrow
[20:26:16] AMG sent an audio message: Drumroll
[20:26:24] TRC: she said that Warka said, in e-mail that debit cards will be mailed out soon to international clients
[20:26:37] AMG sent an audio message: Say What?!
[20:26:42] AMG sent an audio message: No Way Dude!
[20:26:44] TRC: soon not sure how long that will take
[20:26:49] TRC: lol
[20:27:15] AMG: soon…………..hmmm
[20:27:50] TRC: things are moving along, hopefully soon is much sooner than in past
[20:28:54] AMG: ^.^
[20:29:42] TRC: things really do seem very good on the journey to get a convertible dinar
[20:30:05] design: πŸ™‚
[20:31:25] TRC: I would think that a branch of the largest bank in middle east would open at least one branch in USA
[20:31:48] TRC: when it is privatized
[20:33:19] TRC: most notable New York
[20:34:18] TRC: Trade Bank of Iraq has office in New York out of the JP Morgan building
[20:34:39] TRC: but it is most for iraqi government business
[20:35:34] TRC: I am pretty sure Rafidain will open in USA, at some point
[20:36:10] TRC: 25 biilion + in assets
[20:42:13] TRC: Saleh was speaking
[20:43:10] TRC: it really does look like he should be number one or two in line if a new candidates are mentioned for central bank governor
[20:44:25] TRC: Saleh seems to know what he is talking about as opposed to many other in media
[20:44:26] AMG: DC is also a good place to set up too
[20:45:06] AMG: yes
[20:45:14] AMG: he does
[20:45:20] TRC: if Abadi truly wants a candidate outside political agendas
[20:45:57] TRC: Saleh is not affiliated with any party just the business of economics
[20:46:44] AMG: that’s a plus
[20:47:25] TRC: Abadi wants ministers in cabinet with knowledge of their posting
[20:47:36] TRC: not just a good party member
[20:47:51] AMG: doing the right thing …………………he is
[20:48:15] AMG: US could learn something from him
[20:52:12] TRC: CBI is putting treasury bonds on the iraqi stock exchange
[20:55:39] TRC: will be available to buy or sell to the public thru ISX
[20:56:10] TRC: but they are working on mechanism how to do so
[20:56:30] TRC: next is forex?

Chatroom Log Sunday

[19:52:16] Stormy: Lots of political activity in Iraq
[19:52:45] TRC: yes
[19:54:00] Stormy: Abadi’s last stand? Make or break?
[19:54:54] TRC: I think he will stay
[19:55:31] TRC: not many options, but I never seen Abadi being next pm after last election
[19:56:15] TRC: thought it would have been a leading figure from previous years, he came out of the crowd
[19:57:17] TRC: al sadr said Abadi is brave, indeed, he has balls
[19:57:43] TRC: but it is the right thing to do
[19:57:55] TRC: reform
[20:00:37] TRC: Maliki’s government kept delaying reform
[20:00:55] TRC: I think because he was lining his pockets
[20:03:51] TRC: I do not think Abadi will stop pushing, if it costs him his job he does not care
[20:04:12] TRC: sadr supports his policies
[20:04:34] AMG: supports his policies too
[20:05:25] TRC: Allawi, Maliki, Hakim, and sometimes Barzani try to oppose
[20:05:51] TRC: but none like each other enough to ally against Abadi
[20:05:57] TRC sent an audio message: Laugh
[20:06:02] AMG sent an audio message: Drumroll
[20:06:34] TRC: Abadi’s party is the biggest
[20:07:14] TRC: plus they have the mady army, sadr’s professional protesters to stir things up
[20:08:15] TRC: so wolves are kept at bay as Abadi keeps pushing thru reform
[20:13:26] TRC: Iraq started exploring for oil again
[20:14:02] TRC: all the oil fields have been refurbished and are pumping at full hilt
[20:14:05] AMG: yup
[20:14:17] TRC: now looking to expand
[20:15:31] TRC: took over ten years from saddam’s end to refurbish the oil fields to full capacity
[20:16:03] TRC: who would have thunk it ten years ago
[20:16:12] AMG: lol
[20:17:44] AMG: was reading an article about in the Post about ISIS financial issues………..
[20:18:02] TRC: oh
[20:18:37] AMG: ……..seems the airstrikes on their finance centers was hurting them…………BUT
[20:18:47] AMG: …wait for it
[20:19:24] AMG: …also reducing the banknote count as well IMO….good for us πŸ˜€
[20:19:29] AMG sent an audio message: Laugh
[20:19:47] TRC: I read ISIS is using USD to pay
[20:20:17] AMG: their oil profits are down 1/3
[20:20:52] AMG: go airstrikes !!
[20:21:36] AMG: πŸ˜‰
[20:21:53] TRC: they are going to begin construction on Karbala oil refinery any day
[20:22:17] TRC: signed contract to bring in heavy machinery
[20:23:46] TRC: the designer of the new central bank died on weekend
[20:24:31] TRC: it said in reading, the construction may begin by end of year
[20:25:04] TRC: will be tallest building in baghdad
[20:25:16] AMG: yes
[20:25:35] AMG: ‘interesting design too
[20:27:35] AMG: gotta pound on someone’s desk…or send a nastygram
[20:27:35] TRC: reading they have begun issuing keys to new apartments in the new city being built near Baghdad
[20:27:57] TRC: 25,000 apartments
[20:28:01] AMG: …………….at Warka this week
[20:28:13] AMG: 25k……wow
[20:28:24] TRC: long list of people wanting one
[20:28:47] TRC: city of Bismaya
[20:28:57] TRC: koreans are building it
[20:29:17] TRC: will eventually be 1 million apartments
[20:29:43] TRC: whole new city being built out of the desert
[20:29:54] TRC: latest designs
[20:30:00] TRC: and technology
[20:30:09] AMG: not surprising, Koreans are opportunistic
[20:30:21] TRC: will be 100 new tenants to start
[20:30:32] TRC: 100 at a time
[20:30:33] AMG: they can smell that $$$$$
[20:31:11] TRC: was huge contract signed, in the billions a couple years ago
[20:31:44] TRC: building all the infrastructure
[20:32:12] TRC: mosques, sewage, hospitals, shopping malls
[20:32:17] TRC: etc
[20:32:54] TRC: it is finally inviting tenants
[20:33:49] TRC: can you imagine how happy the first tenants will be
[20:33:57] AMG sent an audio message: Oh Boy!
[20:34:03] AMG: ^.^
[20:34:58] AMG: it’ll be like Christmas time
[20:35:31] AMG: wih house warming gifts
[20:35:43] TRC: new cement plant is pumping out production capacity
[20:35:56] Stormy: Who is Al Sistani backing?
[20:35:56] TRC: since customs tariffs
[20:36:18] TRC: used to import much cement
[20:36:27] TRC: now it is all iraqi
[20:36:41] TRC: hired hundreds
[20:36:56] AMG: good
[20:37:15] AMG: put folks to work
[20:37:16] TRC: not sure who Sistani is backing
[20:38:09] TRC: I know he does not back Maliki
[20:38:25] Stormy: He is the religious big guy right?
[20:38:42] TRC: yes he is shiite
[20:39:02] TRC: but he is not significant to kurds or sunni
[20:44:00] Stormy: About a week ago, WSJ published an article about the growing divide between Iraqi Shiites and Iran. The Iraqis like US air and ground support. Apparently, US solder’s advice is better than Iran’s
[20:44:45] TRC: al sadr ignored calls from Iran, so I believe that could be so
[20:44:51] Stormy: Even Al Sadr is willing to talk to Americans
[20:45:34] Stormy: Many in Iraq feel Iran’s disrespect and heavy hand towards them.
[20:46:03] TRC: lots of articles in media say they think Abadi is going down, but the sources do not have the clout to do it
[20:46:43] TRC: something like US media saying Trump is going down every week since last June
[20:46:54] TRC: very similar
[20:47:35] AMG: hmm
[20:48:15] TRC: some in media think they can control the public’s thoughts
[20:48:51] AMG sent an audio message: Say What?!
[20:49:38] TRC: if it is in the news it must be true, that maybe was mindset thirty years ago
[20:50:26] TRC: Iraqi’s are learning fast this isn’t so, took us in west decades
[20:52:50] Stormy: Kind of like US elections when the media declares a winner with 5% of the polls counted!!
[20:53:06] AMG: lol yes
[20:53:33] Stormy: Next few weeks should be fun for both parties in US.
[20:53:48] TRC: well in democrats they have already confirmed hillary
[20:54:22] TRC: supposed super delegates have confirmed support for her in remaining states
[20:54:23] Stormy: FBI director is supposed to interview Hillary over email scandal. Lesser people have been convicted with lesser evidence
[20:54:49] TRC: Saunders has no chance
[20:55:06] TRC: unless she is actually going before the courts
[20:55:11] Stormy: One former FBI big whig says mass resignation from FBI if she is not indicted.
[20:55:35] TRC: cannot see Saunders winning white house
[20:55:41] AMG: nope
[20:55:57] Stormy: US AG has given money to HRC. No conflict of interest there???
[20:56:01] TRC: will be Trump, and mass exodus of liberals to Canada
[20:56:41] Stormy: Trump will not be able to get much done without congress if he wins
[20:57:24] TRC: Trump is working deals now behind the scenes
[20:57:39] TRC: so says his national security adviser
[20:58:03] TRC: former Reagan adviser
[21:00:26] fs: soooo, we wait…….lol
[21:01:00] TRC: waiting is fun if you are busy
[21:01:20] fs: :whistle:
[21:04:07] When is RV?
[21:04:07] Do we have date and rate
[21:08:21] fs: when is the next window for IQD IYO? 10 days, 30 days, mid april? firt part of year(June) or could it drag out to August? or is there a potential hold up/ problem?
[21:08:48] fs: A,
[21:08:53] fs: B.
[21:08:58] fs: C.
[21:09:09] fs: D.
[21:09:38] fs: multiple choice question
[21:10:13] fs: what does TF choose?
[21:10:52] TRC: I see lots of progress, but it is quite difficult, to pick a date, same as usual , IMF said by June, they said Iraq finished 3 of 5 things, so best I can do
[21:12:31] fs: I think that maybe answer C. lol
[21:12:39] TRC: but then again, they will not telegraph any thing that would suggest a big change with it’s currency before
[21:13:16] TRC: until after it has happened
[21:13:32] TRC: nature of the currency market
[21:14:07] TRC: you pick a currency and wait, if you think it will rise against yours
[21:14:17] TRC: no other way
[21:15:57] TRC: similar to stock market and a company share, if the company said they were rising its share price tomorrow at 3 o clock, that is insider trading, against the law
[21:17:15] TRC: Iraq is progressing but much slower in last ten years than we hoped
[21:17:46] TRC: it seems to be moving a speed of light now, compared to last 5 years
[21:22:26] fs: that helps πŸ˜‰ thanks TRC
[21:22:43] TRC: cool
[21:23:32] TRC: one of the main reasons is the low price of oil
[21:23:47] TRC: Iraq must stop the waste
[21:23:58] TRC: and corrupt
[21:24:09] TRC: and open up to global trade
[21:24:35] TRC: that means reform
[22:04:09] When is RV?
[22:04:09] Do we have date and rate

Chatroom Log Tuesday

[18:37:49] Ale Nur Ma~leaky: what the good word my friend?
[18:37:53] Tf: hearing more good news today…
[18:38:28] Tf: Sadr and his crowd are holding their feet to the fire…..they are shaking things up…..
[18:38:46] Tf: we can only hope the best for them….
[18:38:56] Tf: Abadi has his hands full….
[18:39:00] Ale Nur Ma~leaky: get er done boiz
[18:39:06] Tf: yes
[18:41:52] Tf: sounds like customs tariffs are working
[18:42:03] Tf: change is hard….
[18:42:15] Ale Nur Ma~leaky: did iraqis exchange of currency every go global?
[18:42:31] Tf: I don’t think so…
[19:43:22] TRC: lots to read today
[19:51:01] TRC: WorldBank thinks highly of Iraq
[19:51:27] ale: good to hear. did Iraq exchange ever go global to trade?
[19:52:09] TRC: what do you mean
[19:53:01] ale: was under the impression that they were off the blacklist and about to be able to use their currency unrestricted including foreign exchange…. or something like that
[19:53:24] TRC: oh right
[19:53:54] TRC: not yet
[19:54:13] TRC: had a bunch of more meetings with IMF
[19:54:24] ale: of course
[19:54:31] TRC: more meetings with IMF in a couple weeks too
[19:54:47] TRC: in Washington DC
[19:55:27] TRC: CBI governor has not been in his office much
[19:55:55] ale: keepin busy
[19:56:06] TRC: WorldBank is offering Iraq up to 15 billion dollars
[20:00:03] TRC: everybody is throwing money at Iraq
[20:00:06] When is RV?
[20:00:06] Do we have date and rate
[20:00:09] TRC sent an audio message: Drumroll
[20:00:25] ale: incentive money?
[20:00:35] TRC: good investment
[20:00:39] ale: what are they saying they are doing it for
[20:00:44] ale: oh, investing
[20:00:54] TRC: G7, IMF, WORLDBANK,
[20:01:46] TRC: they expect Iraq to be the leader of Arab world
[20:02:10] ale: can’t do it until they turn around the dinars inflation
[20:02:50] TRC: yes, it is coming
[20:03:10] ale: when?
[20:03:14] ale sent an audio message: Laugh
[20:03:21] TRC: do not know
[20:03:22] ale sent an audio message: Drumroll
[20:03:32] ale: therin lies the beauty.
[20:03:41] TRC: but you read WorldBank director’s speech
[20:03:43] ale: it’ll definItely be a surprise at this point
[20:04:34] TRC: he said the WorldBank is investing 20 billion in middle east, 15 billion is earmarked for Iraq
[20:05:27] ale: any catch for them to write the check?
[20:05:59] TRC: IMF said that Iraq completed 3 out of 5 conditions to move forward
[20:06:09] ale: hmmmm
[20:06:29] TRC: two more things
[20:06:42] TRC: thinking one is the banking law
[20:07:02] TRC: not sure on the other
[20:07:06] TRC sent an audio message: Laugh
[20:08:14] ale: so maybe these will hold up any revalue. at this point i see ANYTHING will hold it up due to “security, money laundering” and all the other excuses they always list
[20:08:22] TRC: when Iraq is approved by article 8, Iraqi dinar will be convertible
[20:08:58] TRC: IMF said two more things need to be done to move forward
[20:09:17] ale: one could be the rv
[20:09:34] AMG: slow newsday
[20:10:05] TRC: well, AMG thinks Mosul being retaken by iraqi forces is key
[20:11:14] AMG: I still do think it plays a major part
[20:11:34] TRC: getting to Article 8 with IMF requires movement by the government, but maybe Article 8 and Mosul liberation will happen same time
[20:11:35] AMG: before they turn it loose
[20:11:48] AMG: would be nice
[20:12:03] TRC: it is definitely getting closer
[20:12:24] AMG: agrees
[20:12:38] AMG sent an audio message: Drumroll
[20:13:06] AMG: still need to go to Vegas
[20:13:18] AMG: ………….it’s on my bucket list
[20:13:47] TRC: Vegas is definitely someplace to avoid
[20:14:12] AMG: been to little Vegas
[20:14:15] TRC: if you have money
[20:14:18] AMG: lol
[20:15:22] TRC: ale I am now speaking freely of article 8, it is coming
[20:15:39] AMG sent an audio message: Oh Boy!
[20:16:50] TRC: seen some reading about CBI limits now the amount of cash to cross border to 3,000 USD
[20:17:05] TRC: but never seen officially
[20:17:15] TRC: on another site
[20:17:24] TRC: was 5,000 USD
[20:19:46] TRC: I know I can carry up to 10,000 USD across border
[20:20:14] TRC: so that is very small amount
[20:22:26] TRC: most western countries border law is ten thousand USD
[20:22:47] TRC: wonders why it is so low for Iraq
[20:25:34] TRC: when oil goes back up even partially to what it was Iraq’s GDP will hover close to 300 billion
[20:26:08] TRC: within 5 years it will most surely be hovering around 1/2 a trillion
[20:26:43] TRC: agriculture production is jumping every year
[20:27:30] TRC: as AMG says after Mosul is liberated Iraq will become an exporter of wheat for example
[20:27:56] TRC: WorldBank sees nothing but upside
[20:28:58] TRC: by next year Iraq will be exporting at least three shipments a month of gas
[20:33:06] TRC: of course there is politics
[20:33:24] TRC: Abadi seems to have a skill,
[20:33:56] TRC: working in a sneaky sort of way with abadi,
[20:34:03] TRC: is Sadr
[20:35:18] AMG: hmm yes Sadr too
[20:35:49] AMG sent an audio message: Drumroll
[20:37:14] TRC: but you want specific date when Article 8 is law at IMF with Iraq, cannot tell you
[20:38:26] TRC: could be in April
[20:38:39] TRC: but not sure
[20:39:14] TRC: IMF meetings in Washington DC middle of April
[20:43:50] TRC: CBI governor also said current currency auctions will pretty much disappear this year
[20:44:11] TRC: but he never said a date
[20:44:39] TRC: currency auctions in the last month are down by 50%
[20:45:20] TRC: so it is quite possible going down much further quite fast
[20:46:04] TRC: phasing out auctions creating a forex market for currencies at the ISX
[20:47:13] TRC: all of these meetings with WorldBank, IMF is pushing Iraq forward
[20:47:51] TRC: more meetings is good news
[20:48:11] TRC: short of a rv of course, or a convertible IQD
[22:24:43] Tf: history in the making….
[22:24:59] TRC: new cabinet should be put before parliament Thursday
[22:27:33] Tf: yes
[22:29:21] Tf: I hope Abadi can keep the wolves at bay…..I hope Iraq can prosper….for all Iraqis…
[22:30:16] Tf: no one can fault them…..for all they have overcome…..they still have a ways to go….
[22:30:45] Tf: I can’t see Maliki and his crowd staying around much longer…..
[22:31:01] Tf: the people won’t allow it….

Chatroom Log Tuesday

[18:05:36] teledive: looks like they dumped a large task on Abadi!
[18:06:09] TRC: well they gave Abadi a month to change ministry heads
[18:06:21] TRC: parliament did
[18:06:32] teledive: πŸ™‚
[18:06:56] TRC: and independent bodies heads, aka central bank governor
[18:07:38] teledive: oh no make way for Shabbi
[18:07:39] teledive: πŸ™‚
[18:07:53] TRC: Abadi is cutting ministries, and eliminating heads appointed thru proxy
[18:08:15] teledive: good for him!
[18:08:45] TRC: so parliament gave him the nod to do so, but each candidate will need approval by a vote in parliament
[18:09:13] teledive: oh so some time next year…just kidding
[18:09:15] teledive: πŸ™‚
[18:09:30] TRC: March 1st supposedly some candidates will be named
[18:09:54] TRC: Shabibi name could pop up
[18:10:48] teledive: πŸ™‚
[18:12:51] TRC: Saleh too maybe for CBI
[18:14:32] teledive: rather Shabibi
[19:18:18] AMG: seems like thre tribes have had enough of IS ^.^
[19:18:34] TRC: thats three towns/cities
[19:18:41] AMG: deja vu
[19:18:49] TRC: in Anbar
[19:18:54] AMG: loves it
[19:20:50] TRC: Baghdad is putting down iron fist with customs tariffs
[19:21:19] AMG: very good
[19:21:37] TRC: according to Saleh
[19:22:21] AMG: my buddy Saleh lol
[19:23:05] TRC: sending out a force or squad with only one job to all border crossings to make sure fees are paid
[19:23:24] TRC: and quality control is being implemented
[19:23:41] TRC: to all provinces
[19:25:12] AMG: nice
[19:25:31] TRC: only one boss they answer to, Mr Abadi
[19:25:36] TRC sent an audio message: Oh Boy!
[19:25:43] AMG sent an audio message: Drumroll
[19:26:25] TRC: remember Abadi only sleeps one hour a nite
[19:26:36] TRC: πŸ™
[19:26:44] AMG: maybe by summer we an pop the cork ^.^
[19:26:55] TRC: he is micro-managing so many areas
[19:27:25] AMG: might be a good thing……………….in this partcular case
[19:27:57] AMG: if it produce what we desire
[19:28:55] TRC: he will get people he trusts in high positions in the next month from what I am seeing
[19:29:14] AMG: one month
[19:29:35] AMG: good that he has support
[19:29:37] TRC: not sure if all will be replaced, or not
[19:30:04] TRC: am thinking those now in high places do not know either
[19:30:51] TRC: including CBI governor
[19:32:11] TRC: am prety sure Shabibi has had a phone call, whether it was significant or not concerning the movements in Iraq
[19:34:07] AMG: πŸ˜‰
[19:55:27] TRC: eServGlobal launches Zain Cash mobile money in Iraq
[19:55:34] TRC sent an audio message: Drumroll
[19:56:40] AMG: ok ^.^ thanx
[20:01:44] TRC: I am not sure if you have noticed, but the currency auctions since the customs tariffs were implemented are getting smaller volumes
[20:02:29] TRC: as the customs tariffs become a daily reg activity, the currency auctions will disappear
[20:02:44] TRC: the dinar value will rise
[20:03:15] TRC: the USD will also disappear in Iraq
[20:04:07] TRC: things are moving in right direction
[20:04:20] TRC: thanks mainly to Abadi
[20:10:02] TRC: volume at auctions have dropped from 200 million to less than 100 million
[20:10:21] TRC: this is gradual process
[20:18:07] TRC: the IQD will be convertible very soon
[20:21:18] AMG: haven’t looked at the auctions…………………..in months
[20:22:08] AMG: wow that drop is significant
[20:22:08] TRC: customs tariffs eliminates the needs of a currency auction or the USD
[20:22:26] TRC: therefore support a convertible IQD
[20:22:31] AMG: moving in the right direction
[20:22:55] AMG sent an audio message: Oh Boy!
[20:23:01] TRC: Iraq will issue eurobonds in second half of 2016
[20:23:18] TRC sent an audio message: Drumroll
[20:23:28] AMG sent an audio message: Drumroll
[20:42:56] TRC: customs tariffs are sticking
[20:43:23] TRC: if you recall I said that is key to bringing the dinar out from the cold
[20:43:59] TRC: one of the keys
[20:44:00] ale: yes u did
[20:44:17] TRC: the currency auctions are begining to fade
[20:44:43] TRC: the need for USD will fade along with it
[20:44:59] TRC: dinar will become the currency in Iraq
[20:45:15] TRC: will allow it to become convertible
[20:46:04] AMG sent an audio message: Drumroll
[20:46:06] ale: then we can …. wait for it….. BUY CONVERTIBLES!
[20:46:13] ale sent an audio message: Laugh
[20:46:21] ale sent an audio message: No Way Dude!
[20:46:29] AMG sent an audio message: Say What?!
[20:46:32] ale sent an audio message: No Way Dude!
[20:47:20] ale: well i hope they fast track it. im done waiting lol
[21:08:28] AMG: good news today
[21:22:31] TRC: currency auctions are shrinking, as customs tarriffs become engrained
[21:22:42] fs: :-c
[21:23:04] teledive sent an audio message: Oh Boy!
[21:23:53] TRC: you want that in english?
[21:24:58] TRC: iraqi dinar will be getting stronger
[21:25:45] fs: Got it!! Thank you !! Feeling more GRAND, now!
[21:27:40] TRC: customs tariffs were big part of getting the dinar to convertible
[21:27:41] fs sent an audio message: No Way Dude!
[21:28:27] teledive sent an audio message: Drumroll
[21:28:30] TRC: Abadi will not turn back on that
[21:28:43] teledive sent an audio message: Are you sure?
[21:28:57] teledive: techno humor
[21:29:16] TRC: from the looks of things yep he putting down his fist
[21:29:44] teledive: finally a pm with a vision
[21:29:55] TRC: parliament seems to be giving him enough support to continue
[21:30:49] teledive: and Barzani is finally coming around
[21:31:12] TRC: I am begining to think Abadi would have had more difficult task with tariffs etc, if oil prices were still 100 per barrel
[21:32:18] TRC: Iraq needs IMF support, IMF said they would not get any if the reforms were not implemented
[21:38:46] fs: what do you think we’ll see by March 1st?
[21:40:23] TRC: I do not know
[21:42:31] Tf: not many days left in February….