11-14-2015   Newshound Guru Millionday   THIS IS OUR PARLIAMENT UPDATE — REMEMBER THIS SESSION IS EXTENDED FOR ONE MONTH — THEY ARE WORKING.  THE AGRICULTURE LAND LAW IS VOTED THROUGH — AMNESTY IS READ TWICE AND READY FOR VOTE.  IRAQ VOTED THE DRAft ACCESSION OF INTERNATIONAL RAILWAYS PER AGREEMENT…THIS IS HUGE FOR DIVERSIFYING WITHIN TRADE AND THEIR GDP % FROM OIL DEPENDING.  THEY ARE VERY HAPPY WITH THE RESULTS SHOWING ON TERRORISM WAR – AS THEY SHOULD – THEY APPROVED 2016 BUDGET AMOUNT FOR REPRESENTATIVE PAY AND ALLOCATIONS.   PARLIAMENT IS GETTING THE AGENDA DONE AS THEY HAVE PLANNED — THIS IS HUGE.

11-14-2015    Intel/Newshound Guru Mnt Goat   Article quote:  “Haider said in a press statement child “Iraq law” that the purpose of the issuance of this category of the “50” thousand Iraqi dinars IS TO REMOVE THREE ZEROS FROM THE IRAQI CURRENCY IN THE DISTANT FUTURE, to facilitate internationalized currency among citizens”.  Did someone say to facilitate internationalized currency (or in other words make the currency “international”)? WOW?  … we are just waiting for them to completed the RV process so they can trigger it. In the meantime they have given themselves enough of a timeline to try to complete the needed laws to support the reforms. These reforms will ensure Iraq can maintain and build a healthy economy afterwards.  They are definitely setting themselves up for a near future global currency and a significant increase in the value of their currency. No doubt about it! This is the time!  [post 2 of 2]11-14-2015    Intel/Newshound Guru Mnt Goat   I am now hearing they plan to start up the “project to delete the zeros” once again next month (December) and also launch the new 50K notes at this time. Launch the 100k notes in early 2016.  Remember they can’t launch these new notes without some significant increase in the value of the Iraqi dinar. Also the lower denomination bills and coins must also be launched at or about the same time period since the 50k and 100k notes are to be part of the long term, permanent currency for Iraq along with the new lower denominations and coins.  Keep a close eye out especially for news of the launching of the coins. Why?  Because if they launch the coins they MUST RV FIRST…they unsuccessfully launched coins in the past without an RV and it was a huge blunder. This mistake cost them billions.

MIllionday  Reposted:   THEY ARE PLANNING A COMPLETE ECONOMIC REFORM.
THE ANNOUNCEMENT BY ABADI TODAY nWAS THE ACTIVATION OF THE ECONOMIC REFORM NOW — IMO.MONETARY POLICY IS ON FAST TRACK…GLOBAL POSSITION.

Q:  [so if the IQD comes to a new value of $3 then that new 50K note will be not usable to the average Iraqi at over $150,000.00 US. Only use would be between banks…correct?]

Millionday :   THE US DOLLAR RATE WOULD BE ONLY APPLIED OUTSIDE THE COUNTRY — THE PRICES WILL DECIDE THE USE AND NEED OF SMALL DENOMS AND COINS ALONG WITH LARGE NOTES ETC WITHIN THE COUNTRY –

BUT THE EXCHANGE VALUE TO ANY OTHER CURRENCY HAS NO APPLICATION TO THE ISSUING OF NEW SERIES EXCEPT THAT IT IS PART OF THE ECONOMIC REFORM AS IS THE GOAL TO GO TO A MARKET ECONOMY AND ALSO THE RATES FOR INTERNATIONAL RATES AND MARKET FIGURES, BANKING ETC.

TNT:

Savvy1Sez :  IMF’s Lagarde and staff support adding China’s currency to SDR Sounds promising.

Bigox:  China has a huge part in this as all the wealthy countries of the world but I think Iraq and the IMF are running the RV show for now China did her part already

BestBuy:  DONE!! IMF’s Lagarde and staff support adding China’s currency to SDR ​basket.http://finance.yahoo.com/news/imfs-lagarde-staff-support-adding-224235​100.html

OKRocks: China welcomes IMF backing to make yuan world reserve currency MENAFN – AFP – 14/11/2015 (MENAFN – AFP) China on Saturday welcomed backing from IMF experts that the yuan should be included in its reserve currencies, saying the move would strengthen the world’s financial system.

It now looks likely the yuan will be formally admitted to the IMF’s “special drawing rights” currency basket at the end of the month, which would mark a milestone in China’s efforts to become a global economic power…. “It will have win-win benefits both for China and the world.”

http://www.menafn.com/1094426194/China-welcomes-IMF-backing-to-make-yu​an-world-reserve-currency&src%3DNLEN

O KRocks: Millionday: THEY ARE PLANNING A COMPLETE ECONOMIC REFORM. THE ANNOUNCEMENT BY ABADI TODAY WAS THE ACTIVATION OF THE ECONOMIC REFORM NOW — IMO. MONETARY POLICY IS ON FAST TRACK…GLOBAL POSITION.

OKRocks:  elmerf123456 : This is the big news folks. Big. Big Big. Chinese is becoming a reserve currency and it means we are at the doorstep.. Period!!!

OKRocks:  elmerf123456 : I suspect we are going to see the RV long before Nov 30th Chinese Yuan inclusion now because that’s how it was planned. Now that means the RV is on our doorsteps peeps.

Greyeagle1:  My curiosity has gotten the best of me, The article I read said that the Juan would be voted on Nov. 30th 2105 for inclusion in the SDR for October 2016. In my mind that gives a long time for the RV.

OKRocks:  Greyeagle it is their known inclusion that was needed… does not need to be fully implemented yet… just a known that it will… its all good imo
Old drummer:  the article says the yuan could be included AS LATE AS September 2016…it does not say how quickly it could happen….

OKRocks:  Again its the *knowing* it will be included not when it will be fully implemented

JerseyBoysFanin:  IMO Has to happen before Nov. 30th… and likely waaaaaaayyyyyyyyy before Nov. 30th. Come on, come on, comeon!!!!!

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[xyz] Parliamentary Finance: The government spent bank reserves and conditions of the International Monetary crisis will make us “no stock of reserves for banks to exchange it by the government.”Link  

[xyz] Rafidain Bank stands ready to issue smart card for employees to exchange their salaries Rafidain Bank expressed readiness to issue smart card for employees in all departments and institutions of the state for the disbursement of their salaries instead of manual cash. Link  

[xyz] Falling oil prices have driven the Kurdish region of northern Iraq to the brink of bankruptcy. Government salaries have not been paid for months, and citizens are suffering – some are being forced to take second jobs Link   

[xyz] The end of the second reading of the general amnesty law today  Link 

[xyz] employee in the Ministry of Finance … killed … by an adhesive placed inside their car, west of Baghdad. Link   

xyz] Vladimir Putin to meet IMF chief Christine Lagarde at G20 summit in Turkey: Media

Link 

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TooMuch:  4 out of the 5 Largest BANKS in the WORLD are now CHINA Banks

China now has four of the five largest banks in the world after weakening currencies pushed French and Japanese companies out of the top five this year, according to SNL Financial’s latest global bank rankings.

SNL ranks the largest banks in the world by converting their total assets into U.S. dollars using the exchange rate as of the end of the period measured. Most banks were ranked by total assets for the quarter ended March 31, 2015. Changes in the rankings since 2014 are partly due to fluctuations in the companies’ reported currencies against the U.S. dollar.

https://www.snl.com/InteractiveX/Article.aspx?cdid=A-33361429-13866

1. Note: Not all of these questions may apply to everyone…Just take what you believe fits your own personal circumstances ~ Thank You
   WHICH QUESTIONS FROM THIS LIST WILL YOU ASK AT YOUR EXCHANGE APPOINTMENT?
   DO YOU KNOW WHAT ANSWERS YOU WANT TO HEAR FROM BANKERS WHEN YOU ASK THEM THESE QUESTIONS AT YOUR EXCHANGE APPOINTMENT?
   (DO YOU KNOW THE CORRECT ANSWERS TO THESE QUESTIONS ONCE YOU ASK THEM TO THE BANKER?
   IS THIS PART OF YOUR PLAN AND STRATEGY?
   Questions:
   1. WHAT TYPE OF BANK ACCOUNTS DO YOU HAVE AVAILABLE?
      2. WHAT IS THE FDIC COVERAGE ON THIS ACCOUNT?
      3. CAN YOU EXPLAIN TO ME HOW THE FOLLOWING BANK ACCOUNTS OPERATE?
      A. NON INTEREST BEARING ACCOUNTS
      B. MULTI CURRENCY ACCOUNTS
      C. MULTIPLE CURRENCY ACCOUNTS
      D.  (THE DIFFERENT TYPES AVAILABLE)
      E. INTEREST BEARING ACCOUNTS
      4. WHAT AMOUNT AM I REQUIRED TO LEAVE IN EACH ACCOUNT?
      5. WHAT OTHER PRODUCTS AND SERVICES WILL BE PROVIDED TO ME TODAY WITH THESE ACCOUNTS?
      6. WHAT ARE THE FEES ASSOCIATED WITH THESE BANK ACCOUNTS?
      7. DOES YOUR BANK HAVE A WEALTH & TRUST DIVISION SEPARATE FROM THE RETAIL SIDE OF THE BANK?
      8. I NEED SOME CERTIFIED CHECKS MADE PAYABLE TO (abcd) CAN YOU ASSIST ME?
      9. HOW MUCH CASH CAN I TAKE WITH ME WHEN THIS APPOINTMENT IS COMPLETED?
      NOTE: LIMITED CASH AND A CERTIFIED CHECK IS WHAT WE RECOMMEND
      10. IF I COME BACK TO EXCHANGE MORE WILL I HAVE THIS SAME RATE?
      11. WHAT PRODUCTS & SERVICES WILL THE WEALTH MANAGEMENT TEAM PROVIDE?
      12. EXPLAIN TO ME HOW THE SWEEP PROCESS WILL WORK?
      13. WHAT ARE THE ADVANTAGES & DISADVANTAGES OF THESE ACCOUNTS?
      14. WILL LOANS  AND  LINES OF CREDIT  BE PROVIDED?
      15. IS THIS ACCOUNT ACTIVE TO RECEIVE BANK WIRES NOW? (EXPLAIN THE PROCESS)
      16. WHAT PRODUCTS & SERVICES WILL COME WITH THE WEALTH MANAGEMENT TEAM?
      17. PLEASE GO OVER ALL OF THE DOCUMENTS WITH ME I WILL BE SIGNING?
      18. TELL ME A LITTLE BIT ABOUT THE HISTORY OF THIS BANK?
      19. HOW ARE MY DEPOSITS PROTECTED AGAINST BANK COLLAPSE, GOVERNMENT THEFT, AND BANK THEFT?
      20. WHAT KIND OF INTEREST RATES WILL I BE LOOKING AT?
      21. WHAT TYPE OF CREDIT CARDS AND DEBIT CARDS DO I QUALIFY FOR NOW?
      22. WHAT ARE MY CHECKING & SAVINGS ACCOUNT OPTIONS?
      23. IF I HAVE QUESTIONS TOMORROW WHO DO I  NEED TO CONTACT?
      23. DO YOU HAVE A BUSINESS CARD?
      24. IS THIS CURRENCY EXCHANGE TAXABLE AND WHAT IS THE RATE OF THE TAX?
      25. WILL THIS TRANSACTION BE REPORTED TO FINCEN?
      26. TELL ME ABOUT YOUR ONLINE BANKING (NOTE: WE DO NOT ADVISE ONLINE BANKING)
   27. WHAT IS THE COST TO EXECUTE TRADES, , BONDS, ETC?
2. 28. WHAT TYPE OF ADDITIONAL INSURANCE CAN I PLACE ON MY MONEY VIA PRIVATE
   BANKING & WEALTH MANAGEMENT
   29. IS THERE AN EXCHANGE WINDOW IF I HAVE MORE CURRENCY TO EXCHANGE?
   30. IS MY MONEY PROTECTED AGAINST DEVALUATION OF THE USD?
   31. TELL ME ABOUT YOUR BANK PERKS?
   32. ARE THERE ANY STIPULATIONS WITH THE CONTRACT RATE? (IF AVAILABLE)
   33. WHAT ARE THE STIPULATIONS WITH THE STREET RATE?
   34. WHAT ARE THE KEY POINTS OF THE NDA (IF APPLICABLE)
   35. CAN I CONTACT MY ATTORNEY BEFORE I SIGN THESE DOCUMENTS?
   36. IF I DO NOT TAKE THIS APPOINTMENT WILL MY RATE CHANGE?
   37. WHAT ARE THE STIPULATIONS WITH THE MARKET RATE?
   38. CAN YOU SHOW ME THE RATES ON THE SCREEN PLEASE?
   39. CAN I HAVE A COPY OF THE DOCUMENTS FOR MY LEGAL TEAM
   TO REVIEW?
   40. WILL THE RATE DROP IF I COME BACK TO EXCHANGE MORE CURRENCY?
   41. IF I HAVE MORE CURRENCY CAN I COME BACK AND EXCHANGE AT SAME RATE?
   42. IF I HAVE MORE CURRENCY ARE THERE DIFFERENT RATE TIERS?
   43. ARE THERE ANY TIME LIMITS ON RATES OF EXCHANGE?
   44. CAN YOU EXCHANGE INTO LOWER DENOMINATIONS?
   45. IS THERE AN EXPIRATION ON THE LARGE NOTES?
   46. IS THERE A CAP ON THE AMOUNT I CAN EXCHANGE WITH YOUR BANK?
   47. CAN YOUR BANK ASSIST ME WITH RESERVES/LAYAWAYS AND HOW
   DOES THAT PROCESS WORK?
   48. CAN I EXCHANGE WITH MY LLC, IBC OR TRUST?
   49. AM I EXCHANGING INTO NEW TREASURY NOTES?
3. IF I USE AN MCA ACCOUNT WILL MY CURRENCY STAY IN THE
   CURRENCY OR CONVERT TO USD.
   51. WHAT IS THE INSURANCE COVERAGE ON MY DEPOSITS?
   52. AM I EXCHANGING INTO FEDERAL RESERVE NOTES OR TREASURY NOTES?
   53. CAN YOU EXPLAIN YOUR BANKS BASEL STATUS & HOW DID YOUR BANK RATE IN BANK STRESS TESTS?
   54. HOW MUCH DOES YOUR BANK HAVE IN DERIVATIVES?
   55. HOW WOULD YOU RATE AND COMPARE YOUR BANK TO OTHER INSTITUTIONS?
   56. HOW HAVE THE NEW OCC REGULATIONS, VOLCKER RULE, DODD FRANK, & BASEL REQUIREMENT IMPACT YOUR BANK?
   57. CAN YOU EXPLAIN TO ME HOW YOUR FINCEN REPORTING WORKS?
   58. WHAT TYPE OF ACCOUNT ARE THESE FUNDS GOING INTO AND I DO NOT WANT TO COMINGLE DIFFERENT CURRENCIES AND WOULD LIKE SEPARATE ACCOUNTS FOR EACH CURRENCY?
   59. WHAT IS THE DIFFERENCE IN A CURRENCY EXCHANGE AND A CURRENCY INVESTMENT WITH YOUR BANK?
   60. WHAT OTHER OPTIONS ARE AVAILABLE IF I DECIDE TO EXCHANGE MORE CURRENCY AND IS MY EXCHANGE RATE NEGOTIABLE
   61. PLEASE SHOW ME THE RATES CURRENTLY ON YOUR BANK SCREEN BEFORE I EXCHANGE.