http://dinaresgurus.blogspot.ca/
MONDAY, JANUARY 11, 2016
KTFA CHAT UPDATE, 11 JAN
DELTA: FRANKIE FRANKIE:“after it has been installed price in the budget agreement with the Government and the International Monetary Fund “.
IT LOOKS LIKE THE NEW BUDGET HAS A RATE THAT WAS AGREED WITH THE IMF… DELTA
Frank26: Math ……….. Is done.
************
Pmac: Budget me in please!!! (hopefully this week)
Maybe even see a visible RI in Jan?? And how about finally being Art8 compliant??? (publicly)
Float on up (RV) into early early FEB from approved Budget IMF rate (w/rider, HCL, Art24)
My studies are telling me we should see some Basel III implementations right around the time of the TPP… which makes me wonder…
What US global-theater MSM (main stream media) event is being deployed for the SQUIRRELS to keep the foxes busy while the hens move all their eggs into the asset backed farm house?!?!
************
dellloyd : Frank in case you haven’t seen this yet : 2016 Budget
http://www.bayancenter.org/en/wp-content/uploads/2015/12/Final-Iraq-Budget-2016.compressed.pdf
************
Walkingstick: CBI News & Announcements
(Statement) when issuing banknote category (10,000) dinars edition in 2015 (second edition), was part of a White put surrounds the window transparent while not include the edition 2013 of such a framework, have been received questions of the Central Bank and banks for this addition.
2016/1 / 11
http://www.cbi.iq/?pid=Home&lang=ar
************
Walkingstick: VN Central Bank praised for forex mechanism
Experts say the new mechanism for exchange rate introduced by the State Bank of Vietnam (SBV) has created flexibility, enabling both credit institutions and enterprises to exercise greater control over their business operations.
The SBV unveiled a flexible dong/dollar exchange rate mechanism on December 31 under which it will set the reference rate every day, instead of leaving it untouched for a long time as it did hitherto.
The trading band continues to be plus or minus 3%.
The SBV has also instructed banks not to lend foreign currencies including the dollar, only sell them.
On December 5, a day after the new policy came into effect, the inter-bank reference rate increased marginally to VND21,907 to the dollar.
Many bankers said the number of transactions on that day remained steady with the forex rate quite a bit below the upper ceiling price.
SBV executives said the flexible approach would enable it to achieve its management objectives while letting the currency move based on global market fluctuations.
The move was only one of several measures to strengthen the role of the Vietnamese currency and steady the forex market by making dollar hoarding and speculation unremunerative.
Analysts have hailed the new mechanism as a move that effectively scuttles the rigid control the bank exercised over the years and is necessary to ensure competitiveness amid the country’s deeper integration.
It would closely track developments both at home and abroad, helping the central bank proactively adapt to changes, they said.
Some also said the new policy would reduce the high expectations surrounding the greenback and increase people’s confidence in the dong.
But businesses are a bit more wary.
Most prefer a stable exchange rate regime since it helps them better control costs.
They said the imminent volatility would force them to keep an eye on market developments, and, to hedge risks, use derivatives.
In fact, according to SBV statistics, already the value of US dollar forward contracts has skyrocketed from around US$10 million a day to US$100-200 million after the central bank implemented a series of anti-dollarisation measures.
But companies are unhappy with current regulations that do not allow buyers of US dollar forward contracts to cancel them, complaining this places them at high risk.
They want banks to diversify forward trading to create more options for them.
Hot topic
Early last July news that foodstuff maker Kinh Do Joint Stock Company planned to invest VND1 trillion (US$4.4 million) in Dong A Commercial Joint Stock Bank when the latter issued shares to increase its chartered capital from VND5 trillion to 6 trillion, became a hot topic.
For Kinh Do it would not be the first investment in the financial sector. In 2007 it signed a strategic co-operation agreement with Eximbank and invested US$90 million in it.
Analysts said that the banking sector had been going through a comprehensive restructuring, with a series of State firms pulling out their investments in banks on the Government’s orders.
This created a slew of opportunities for private players to enter the potentially lucrative sector.
The Doji Group, for instance, bought a controlling 20% stake in TPBank.
But not all private investment in the financial sector has been successful: Kinh Do, for instance, had to sell its stake in Eximbank within three years and without a clear explanation, and also quit the plan to buy stakes in Dong A Bank when the lender was suddenly placed on a list of banks under the State Bank of Vietnam’s special control.
After being restructured, TrustBank was bought out by the Thien Thanh Group and some other investors, and renamed Viet Nam Construction Joint Stock Bank. But the bank went under and was finally taken over by the central bank at zero price.
Besides, the Viet Phuong Group has not been able to realise its plan to increase Viet A Bank’s chartered capital from VND3 trillion ($133.33 million) to VND4 trillion (US$177.77 million) even five years after buying a 17% stake from State giant SJC.
Analysts attributed private investors’ failure in the banking sector to several reasons, but said the main ones are the difficult economic situation and banks’ high bad debts.
SUNDAY, JANUARY 10, 2016
OLDSCHOOL FROM S3A , 10 JAN
OldSchool: Guys I have not put out anything for a long time . I had hoped to fade into the sunset never to talk about dinar again . The truth is no matter how bad we want it or how close people think we are . We are not quite there yet .
What I am hearing is 3 weeks at soonest end of February latest . It’s all power plays and none of them work out to our timing . I know a lot of people are hurting and it is to bad that greed runs this world .
There are whales swimming across the ocean for a sucker rate deal .
My take on that is it will draw in over 2.5 million notes out of circulation . And it should help increase demand and value . Every one want to give an exact date but the truth is nobody knows we all have pieces . It is rolling out just slower then anyone expected.
I said along time ago it was going to be a slow rollout . It was way slower then even I expected .
Things are moving but don’t be looking for it the next couple weeks . You have better chances winning the lottery!! Just hang on a little longer we are almost there .
TRADING POST FROM RECAPS COMMENT SECTION, 10 JAN
Trading 1/10/2016 13:37:16 Link
We all need to keep the faith for this blessing. No question about it.
My last info from the paymaster in concert for the historical bonds is pay outs scheduled from 18 January – till the first week of February. When everything again will be pushed out it will be exactly for the first week of March. Within February will nothing happen due to the Chinese New Year celebration and that takes two weeks!.
Let us cross everything and support everybody that this finally is our end in a few days.
Be blessed!
DINAR GURUS UPDATE, , 10 JAN
1-10-2016 Intel Guru Frank26 …3 reasons were understood by these COINS…NOT 1 of them was about…A Rate. The net will continue to try and use these COINS to do the NEW MATH. Too bad…IOO…They are missing the true…COLOR.
1-10-2016 Newshound Guru Aggiedad77 IMO…there was an article out a day or two ago…it happened to mention a “devaluation”…articles today…are IMO pointing to that article and letting the rest of Iraq know the CBI is the one who has control over what the rate will be for the IQD…they are the authority here…any change must and will come through them. They are letting the citizens know they are well aware that any reduction in the IQD value would mean a disaster for the citizens…again… IMO… these are all good points the CBI is making at this time.
saintandrewstwinflame 