Accepting deposits in BIS bring benefit to Iraq
A return to the focus of world attention indicators
BAGHDAD - Mustafa al-Hashemi
Economist Dr. appearance of Mohammed Saleh said that the announcement of the BIS accept deposits from Iraq will benefit the country through capital investment projects investments Almalah.okan Bank for International Settlements (BIS) which is an acronym for the Bank for International Settlements))
FULL ARTICLE HERE http://www.alsabaah.iq/ArticleShow.aspx?ID=60739
THE BIS WAS PREPARING IRAQ TO BE ABLE TO ACCEPT DEPOSITS AND MAKE DEPOSITS IN DOLLAR, EURO, OR ANY OTHER CURRENCY.
WE TALKED ABOUT CAPITAL INVESTMENT LAST NIGHT AND HOLDING FOREIGN CURRENCY ON ACCOUNTS. SO HERE IS THE BIRTH OF THAT IDEA FOR IRAQ.
HERE IS THE IMF SDR CONSULTATION REPORT I PROMISED YOU LAST NIGHT.
What is being said made me think of something I read on the SDR from IMF site. Note below the next review of the SFR basket currencies is this year
[2/20/2015 8:59:21 PM] Sxxxxxx: The basket composition is reviewed every five years by the Executive Board, or earlier if the IMF finds changed circumstances warrant an earlier review, to ensure that it reflects the relative importance of currencies in the world’s trading and financial systems. In the most recent review (in November 2010), the weights of the currencies in the SDR basket were revised based on the value of the exports of goods and services and the amount of reserves denominated in the respective currencies that were held by other members of the IMF.
These changes became effective on January 1, 2011. In October 2011, the IMF Executive Board discussed possible options for broadening the SDR currency basket. Most directors held the view that the current criteria for SDR basket selection remained appropriate. The next review will take place by 2015.
Sxxxxxx: ANOTHER PIECE COMES TOGETHER
AND HERE IS SOMETHING FROM THE IMF THE CURRENT RESERVES OF IRAQ ARE GREATER THAN THOSE OF THE EUROPEAN CENTRAL BANK. NO COINCIDENCE THERE EITHER.
Sxxxx: here is another interesting fact. The last disclosed CBI reserves were around 80 billion. Current European Central bank as of January this year 73billion. (see attached) This means that CBI is as strong as ECB.
MY LADIES: SO FOLKS WE HAVE BEEN PREPARING YOU WITH OUR BANKING AND ECONOMIC CALLS FOR SOME TIME NOW. WHAT WE ARE SEEING HERE IS EVERYTHING WE HAVE BEEN SAYING IS IN PRINT NOW.
DINAR LAND HAS THE INFO FROM (Iraq Articles) LAST NIGHT BUT THEY HAVE NOT MADE THE CONNECTION TO THE FED OR OUR NEW BANKING SYSTEM.
MANY OF THE WORDS THAT THE CBI SPOKE LAST NIGHT ARE IDENTICAL TO WORDS USED IN THE FED ADDRESS TO CONGRESS COMING ON MARCH 2ND .
NOVA AND I AND OUR BEHIND THE SCENES HELP HAVE BEEN TRYING FOR 2 WEEKS TO GET YOU FOLKS OUT OF WATCHING IRAQ.
WE HAVE BEEN BURIED IN THE FEDERAL RESERVE REGS AND SYSTEMS FOR 2 WEEKS.
WE HAVE BEEN TALKING TO THE BOARDS OF BANKS AND TRADERS FROM THE FLOOR AND SEC REGULATORS AND ALL HAVE BEEN WORKING FEVERISHLY 12-15 HOUR DAYS TRYING TO LEARN THE NEW SYSTEM AND INTEGRATE IT WITH WHAT THEY HAVE NOW.
THE FED WILL BE DELIVERING TO CONGRESS ON MARCH 2ND THE NEW MONETARY SYSTEM THEY HAVE BEEN PREPARING.
YOU MAY SEARCH THE FED WEB SITE IT’S ALL THERE 25 PAGES OF NEW REGS AND PROCEDURES.
THE SEC HAS RELEASED ABOUT 15 PAGES OF THEIR OWN REGULATIONS FOR THE NEW SYSTEM.
WE KNOW RIGHT NOW THAT ALL TIER 3 BANKS HAVE BEEN RUNNING DUAL SYSTEMS, WE KNOW THAT TIER 1 AND 2 ARE BEING UPLOADED REGIONALLY ACCORDING TO THEIR PROXIMITY TO ONE OF OUR 12 CENTRAL BANKS.
THESE ARE EXCITING TIMES AND I AM SO HAPPY IT IS ALL IN INK NOW AND OUT IN THE PUBLIC SO WE CAN SHARE IT WITH YOU.
YESTERDAY THE CBI TOLD ALL OF IRAQ THAT EFFECTIVE FEB 22ND THEY WILL IMPLEMENT A SYSTEM THAT WILL ALLOW THEM TO HOLD FOREIGN REMITTANCES ON THEIR BALANCE SHEET, AND LIKEWISE FOREIGN ENTITIES WILL BE ABLE TO HOLD DINAR ON THEIR BALANCE SHEETS.
THEY JUST TOLD US THAT THEY ARE GOING TO BE INTERNATIONAL ON THE 22ND.
WE READ IT IN ENGLISH AND ARABIC.
THE ARTICLE ALONE SEEMED LIKE GREAT NEWS BUT IF YOU HAD THE NEW MONETARY SYSTEM IN YOUR HEAD FROM THE FED ....THIS NEWS WAS ALL THE CONFIRMATION WE NEEDED TO DO THE PRIVATE CALL WE DID LAST NIGHT. HOW ABOUT THAT?
AND IN CASE YOU STILL HAVE NOT PUT IT TOGETHER WITH THIS NEW BANKING SYSTEM THE AGE OLD QUESTION OF HOW WILL THE USA PAY FOR THIS EXCHANGE THAT HAS BEEN ANSWERED TOO.
THERE WILL BE NO 3 STEP PROCESS ANYMORE, BANKS WILL TAKE IN FOREIGN CURRENCY CREDIT IT AS ASSET ON THEIR SHEET AND IN THE SAME MOTION CREDIT IT TO YOUR ACCOUNT.
THE FOREIGN CURRENCY WILL COUNT AS CAPITAL NOW THAT THE COMPLIANCE ISSUES HAVE CHANGED AND EVERYONE WALKS AWAY HAPPY. I GUESS THE DRAGONS ARE OUT OF A JOB NOW TOO.
NOW TAKE IT TO THE GLOBE, HOW DOES THIS WORK FOR OTHER COUNTRIES?
WELL EXACTLY THE SAME WAY, THESE OTHER COUNTRIES HAVE HAD THIS SYSTEM IN PLACE FOR A WHILE ALREADY, THE USA IS THE LAST COUNTRY BESIDE IRAQ TO PUT IT IN PLACE.
LOOK AT GREECE, THE EU, ITALY, CHINA, INDIA AND OTHERS, WHAT IS ABOUT TO HAPPEN TOMORROW?
THEY ALL CHANGED THEIR BALANCE SHEETS WITH THE DINAR BEING INTERNATIONAL.
THE PROBLEM WITH THE PORTS THE CYBER ATTACKS, THE CLOSING OF THE BANKS, ALL CONNECTED IN THE SAME VEIN OF THE BANKING SYSTEM. AND ALL IRONED OUT NOW AT THE SAME TIME THE CBI TELLS US TO KEEP THE DINAR ON OUR BALANCE SHEET.
I ASK YOU COINCIDENCE? I DON’T THINK SO.
IRAQ IS A BIG PART OF THIS, BUT AS YOU SEE HERE AGAIN THE DINAR HAS BEEN BEING PREPPED TO DO A GLOBAL JOB FOR NEARLY 20 YEARS.
IT IS NO COINCIDENCE THAT THEIR RESERVES ARE STRONGER THAN SOME VERY LARGE CENTRAL BANKS. FOR A TINY COUNTRY THEY HAVE A CURRENCY IS GOING TO DO A VERY BIG JOB TO HELP MANY OTHER CENTRAL BANKS.
WE ARE VERY FORTUNATE TO HAVE A GREAT TEAM OF RESEARCHERS AMONG US AND OUT BEHIND THE SCENES…..WAY WAY FAR BEHIND THE SCENES FOLKS BRING US INTEL FROM GREAT PLACES AND THEN OUR RESEARCHERS FIND THAT IN PRINT A FEW DAYS LATER.
YOU HAVE ALL BEEN A GREAT PART OF THIS PROCESS AND NEED TO FEEL VERY PROUD THAT YOU CAN SAY “I WAS A REAL LIFE PART OF THIS LEARNING PROCESS”
THIS IS THE BEST NEWS WE HAVE BY FAR AND STEVE YOU’RE THE BEST FOR BRINGING THIS IN SO I CAN TIE IT ALL TOGETHER FOR THE REST OF THE ROOM
WE ALL LOOK TO THE CBI NOW TO SEE WHAT THEY HAVE DECIDED ON FOR AN EXCHANGE RATE.
ENJOY YOUR DAY AND BE READY TO EXHALE.
LOVE TO ALL………………..MY LADIES AND NOVA.