KTFA
MilitiaMan » June 21st, 2019
They are clearly laying out what they are doing in regards to reforms and future actions in regard to the IQD exchange rate.
They are going to cease the auctions as we have noted over the last few days.
They say in this link that they are to reduce the gap between the official price of the Dollar and the parallel price. Which by the way is saying it is effectively the illegal price, like in the auctions. Black Market say good bye? lol
Samir Nusairi gives credit where do to Alak. imo ~ MM
Samson » June 21st, 2019
Government positions by proxy
The main thing that is achieved is the stability of the exchange rate and the reduction of the gap between the official price of the US dollar and the parallel price, which is a basic objective of the monetary policy and the implementation of the policies of re-confidence in the banking transactions of Iraqi banks with Arab banks
The Security Council's invitation to the Governor of the Central Bank is rare in presenting the achievements in the field of combating money laundering and financing Terrorism The procedural, regulatory, structural and internal development policies were also designed to achieve financial stability and to develop the banking system technically, structurally and organizationally, and to increase the financial coverage to Target ratio LINK
MilitiaMan » June 21st, 2019
By looking at the next two links below, we can see they are using tools to stimulate traders to and investors to come into iraq for profits that can be kept safe and secure and in doing so raising the balance of the CBI... !!! ~ MM
Al-Attar calls for issuing (LC-BG) to activate the Iraqi economy LINK
The Iraqi National Business Council calls for the adoption of procedures that raise the balance of the Central Bank and encourage investors LINK
So they then in this next link tell us the Iraq Trade Bank has cut a deal with an Indian Solutions Company to provide financial Technology Services to meet requirements of the Bank and other financial institutions in an out of Iraq.
In other words internationally. Look at the sectors they mention. Oil, Steel, Iron, petrochemicals, fertilizers and dairy operations.
All about supporting the future reconstruction efforts once they lift the value like they told us they would. imo ~ MM
The Iraqi Trade Bank signs an agreement with the Indian Information Solutions Company LINK
This is where they start talking about the supply side for selling the dollar and then the demand side.
Effectively it looks as though Alak has set the stage to create, if not already implemented the time frame to use the mechanism to turn the auctions off as we know them, as they are ready to correct the large structural imbalances to a position of balance, like we see above where the tools are in place to raise the balance of the Central Bank (read Exchange Rate, imo) !! . ~ MM
Central Bank Governor: We are proud of Samir Al Nusairi's book and thank the Association of Banks for its support LINK
We just talked about tools.. Look at this next one. They signed the Deal with the Indian Firm now the CBI says this below..
Keep in mind that FX, Money Markets are the largest markets in the world! The CBI has set the stage to go live from the picture I am seeing in all this data they are putting out.
Alak is clearly talking imo about currency carry trade. He needed to do the calculations to get to a rate that will be stable and steady with a strong interest rate, thus, traders can carry the currency trade.. It is onve ove the largest trades out there..
Now lets watch the Proxies go by the way side to usher in the fully seated Ministers and the new Fully seated currency rate Alak has for us at the same time or just after the Ministers sit.
The GOI institutes the CBI, yet the CBI is independent. So once Ministers are seated then Alak can talk!!.. imo ~ MM
https://www.investopedia.com/terms/c/currencycarrytrade.asp
(Press release) Launch of electronic platform for financial transactions between banks operating in Iraq
Interbank Market The Central Bank launched the electronic platform for trading between banks operating in Iraq (FX, Money Market)
A platform that establishes an organized electronic financial market that opens and facilitates the way for foreign investment in Iraq .
The platform aims to increase cooperation between banks and increase their ability to diversify the financial services of their customers and attract the commercial and financial operations available in the market.
Within the framework of these measures, the Central Bank sponsored a technical workshop between one of the leading international companies in the areas of financial solutions and a number of banks operating in Iraq with the support of the Association of Iraqi private banks .
https://cbi.iq/news/view/1159
Sure looks exciting imo.. ~ MM
Iobey777 » June 21st, 2019
MM! For the wonderful analysis! Yes indeed, it is VERY exciting! IMO, it’s about to come to competition by June 30th!
Source: Dinar Recaps
______________________________________________________
If you wish to contact the author of any reader submitted guest post, you can give us an email at UniversalOm432Hz@gmail.com and we'll forward your request to the author.
______________________________________________________
All articles, videos, and images posted on Dinar Chronicles were submitted by readers and/or handpicked by the site itself for informational and/or entertainment purposes.
Dinar Chronicles is not a registered investment adviser, broker dealer, banker or currency dealer and as such, no information on the website should be construed as investment advice. We do not support, represent or guarantee the completeness, truthfulness, accuracy, or reliability of any content or communications posted on this site. Information posted on this site may or may not be fictitious. We do not intend to and are not providing financial, legal, tax, political or any other advice to readers of this website.
Copyright © 2019 Dinar Chronicles
MilitiaMan » June 21st, 2019
They are clearly laying out what they are doing in regards to reforms and future actions in regard to the IQD exchange rate.
They are going to cease the auctions as we have noted over the last few days.
They say in this link that they are to reduce the gap between the official price of the Dollar and the parallel price. Which by the way is saying it is effectively the illegal price, like in the auctions. Black Market say good bye? lol
Samir Nusairi gives credit where do to Alak. imo ~ MM
Samson » June 21st, 2019
Government positions by proxy
The main thing that is achieved is the stability of the exchange rate and the reduction of the gap between the official price of the US dollar and the parallel price, which is a basic objective of the monetary policy and the implementation of the policies of re-confidence in the banking transactions of Iraqi banks with Arab banks
The Security Council's invitation to the Governor of the Central Bank is rare in presenting the achievements in the field of combating money laundering and financing Terrorism The procedural, regulatory, structural and internal development policies were also designed to achieve financial stability and to develop the banking system technically, structurally and organizationally, and to increase the financial coverage to Target ratio LINK
MilitiaMan » June 21st, 2019
By looking at the next two links below, we can see they are using tools to stimulate traders to and investors to come into iraq for profits that can be kept safe and secure and in doing so raising the balance of the CBI... !!! ~ MM
Al-Attar calls for issuing (LC-BG) to activate the Iraqi economy LINK
The Iraqi National Business Council calls for the adoption of procedures that raise the balance of the Central Bank and encourage investors LINK
So they then in this next link tell us the Iraq Trade Bank has cut a deal with an Indian Solutions Company to provide financial Technology Services to meet requirements of the Bank and other financial institutions in an out of Iraq.
In other words internationally. Look at the sectors they mention. Oil, Steel, Iron, petrochemicals, fertilizers and dairy operations.
All about supporting the future reconstruction efforts once they lift the value like they told us they would. imo ~ MM
The Iraqi Trade Bank signs an agreement with the Indian Information Solutions Company LINK
This is where they start talking about the supply side for selling the dollar and then the demand side.
Effectively it looks as though Alak has set the stage to create, if not already implemented the time frame to use the mechanism to turn the auctions off as we know them, as they are ready to correct the large structural imbalances to a position of balance, like we see above where the tools are in place to raise the balance of the Central Bank (read Exchange Rate, imo) !! . ~ MM
Central Bank Governor: We are proud of Samir Al Nusairi's book and thank the Association of Banks for its support LINK
We just talked about tools.. Look at this next one. They signed the Deal with the Indian Firm now the CBI says this below..
Keep in mind that FX, Money Markets are the largest markets in the world! The CBI has set the stage to go live from the picture I am seeing in all this data they are putting out.
Alak is clearly talking imo about currency carry trade. He needed to do the calculations to get to a rate that will be stable and steady with a strong interest rate, thus, traders can carry the currency trade.. It is onve ove the largest trades out there..
Now lets watch the Proxies go by the way side to usher in the fully seated Ministers and the new Fully seated currency rate Alak has for us at the same time or just after the Ministers sit.
The GOI institutes the CBI, yet the CBI is independent. So once Ministers are seated then Alak can talk!!.. imo ~ MM
https://www.investopedia.com/terms/c/currencycarrytrade.asp
(Press release) Launch of electronic platform for financial transactions between banks operating in Iraq
Interbank Market The Central Bank launched the electronic platform for trading between banks operating in Iraq (FX, Money Market)
A platform that establishes an organized electronic financial market that opens and facilitates the way for foreign investment in Iraq .
The platform aims to increase cooperation between banks and increase their ability to diversify the financial services of their customers and attract the commercial and financial operations available in the market.
Within the framework of these measures, the Central Bank sponsored a technical workshop between one of the leading international companies in the areas of financial solutions and a number of banks operating in Iraq with the support of the Association of Iraqi private banks .
https://cbi.iq/news/view/1159
Sure looks exciting imo.. ~ MM
Iobey777 » June 21st, 2019
MM! For the wonderful analysis! Yes indeed, it is VERY exciting! IMO, it’s about to come to competition by June 30th!
Source: Dinar Recaps
______________________________________________________
If you wish to contact the author of any reader submitted guest post, you can give us an email at UniversalOm432Hz@gmail.com and we'll forward your request to the author.
______________________________________________________
All articles, videos, and images posted on Dinar Chronicles were submitted by readers and/or handpicked by the site itself for informational and/or entertainment purposes.
Dinar Chronicles is not a registered investment adviser, broker dealer, banker or currency dealer and as such, no information on the website should be construed as investment advice. We do not support, represent or guarantee the completeness, truthfulness, accuracy, or reliability of any content or communications posted on this site. Information posted on this site may or may not be fictitious. We do not intend to and are not providing financial, legal, tax, political or any other advice to readers of this website.
Copyright © 2019 Dinar Chronicles
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