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Established in 2006 as a Community of Reality

Welcome to the Neno's Place!

Neno's Place Established in 2006 as a Community of Reality


Neno

I can be reached by phone or text 8am-7pm cst 972-768-9772 or, once joining the board I can be reached by a (PM) Private Message.

Established in 2006 as a Community of Reality

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Established in 2006 as a Community of Reality

Many Topics Including The Oldest Dinar Community. Copyright © 2006-2020


    MilitiaMan and KTFA Members Thursday PM Articles and comments 2-20-2020 "Go Time"

    Rocky
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    MilitiaMan and KTFA Members Thursday PM Articles and comments 2-20-2020 "Go Time" Empty MilitiaMan and KTFA Members Thursday PM Articles and comments 2-20-2020 "Go Time"

    Post by Rocky Fri 21 Feb 2020, 4:10 am

    [size=30]MilitiaMan and KTFA Members Thursday PM Articles with links and comments 2-20-2020 "Go Time"[/size]
    KTFA:
    (Post 194) Samson:   The Iraqi Private Banking Association concludes the course "Developing the Skills of Banking Branch Managers"   LINK
    Samson:  The central bank organizes a lecture in Mosul on financial inclusion https://cbi.iq/news/view/1428
    MilitiaMan:  Timing of these articles and what Frank brought us from WS files should have everyone smiling..
    "Regular meetings now between CBI Board, IMF, AMF and UST."~Frank26 
    Militiaman:  For them to be having meetings with those four should assure us that this is coming together so very well and orchestrated to be in synchronization with the new PM and his fresh independent cabinet even with the ISX to down to bank tellers.
    The four Global Enities would be the ones to give the guidance to the CBs, Private Banks and then down to the bank managers, as they will need to now what to teach the tellers. They'll need to know what to tell the citizens about the value and the longevity of the coexistence of the varied currencies they will hold for what ever period of time they decide. That is effectively end game for us when that happens. imo
    The call suggested that the Kurds will be involved in the training. Take note that the above Mosul training was done days ago.. imo... They speak of training at a very high level of internationalism. The CBI Statistics website has the stats on many things that facilitate money movement globally. They have the training parameters in place and or done by now through the managerial levels.. Next step is the tellers.. Most likely that is or will be down to the last few hours and or last minutes.. imo ~ MM

    "The Central Bank of Iraq - the Erbil branch, organized a dialogue seminar on February 13, 2020 for the purpose of clarifying the relationship between transparency and disclosure and the commitment of private banks to the principle of transparency in accordance with the laws and instructions of the Central Bank of Iraq and international standards and explain the mechanisms for preparing cash transfer programs and provide the necessary guarantees and the mechanism of cash withdrawal and a set of other recommendations."
    Post #200 Don961 "Today we urgently need to start a new stage that works to adopt the term "quick action"
     SNIPPET: Reaching our development goals is not difficult, but we need serious directions that support investments and investors and attract them with their advanced technology and capital to be employed in serving the economy of the country and the world, and here our slogan must be "the Rapid procedure. "
    "Rapid procedures" is  a slogan they use. Well that sounds like they are moving right along and will be urgently addressing these procedures in a new stage. Well the new stage imo will include a new rate and a new median of exchange that will coexist for some time to come. ~ MM
    MM POST #219 SAMSON said (Post #78 )
    https://cbi.iq/news/view/1427
    Confirmation of closing of the accounts of the merging brokerage firms opened with the approved banks.
    The merging of companies, is a good thing in many cases. Merging Brokerage Firms that buy and sell foreign currencies. Be sure, that when there is a reason to merge there is value generated once completed, as merging tends to lead to growth... There will be demand for the IQD when they reinstate the IQD internationally imo. This appears to support that notion. The use of the words Brokerage Firms has me thinking growth in "Shares and or Currencies".. As we have learned there will be a synchronized effort with the ISX/NASDQ/FX/ATMs....then the NSCN's and fils.. imo ~ MM
    https://www.ktfalways.com/forum/frank26-daily-posts/f
    7-FA said (Post #6)
    BROUGHT FORWARD
    https://cbi.iq/news/view/1427
    Confirmation of closing of the accounts of the merging
    brokerage firms opened with the approved banks

    18th February, 2020
    To / All Approved Banks ( Account Closure )
    We confirm what was stated in our numbered number (9/5/333) dated 5/8/2019 and
    the attached requirements for granting the license to merging exchange companies for
    the two categories (A, B), paragraph (9) of it, including ( closing all accounts of
    brokerage firms buying and selling merged foreign currencies). Open at authorized banks
    with the exception of ( parent company ) accounts.

    MilitiaMan:  Then we see this below as well. They are seriously speaking of value. Well if they are going to get linked with the International Community and even with the NASAQ, the values of these companies will need to be transparent and have real value.. They NASDAQ has rules and they need to be followed, just as there are rules for Market Makers and the pricing of the shares. Same would hold true with the Forex, I suspect too. This is a very good sign.. ~ MM
    Disclosure ... enhances the value of financial institutions locally and internationally
    Tuesday, February 18, 2020
    Baghdad / Al-Sabah
    The Executive Director of the Iraq Stock Exchange, Taha Ahmed Abdel Salam, stressed the need to disclose in the financial institutions, for his role in enhancing its value locally and internationally, and its capabilities and performance improvement and reach its service or restrictive goals that are in all circumstances to serve the national economy.
    Abdel Salam said: "Disclosure in economic institutions takes many forms and its follow-up is among the duties of the regulatory institution and society alike."
    The real value
    Abdul-Salam added, "We have previously demonstrated the need to pay attention to the market value of shares and compare them with the real value and the equivalent calculated in accordance with the disclosure criteria, and more importantly, interest in disseminating and clarifying these values in the performance contexts of the joint stock company, which has become known internationally and Arably to investor information or investor relations IR."
    In the context of his responsibility and interest in the banking performance of Iraqi banks and their relationship with shareholders and investors, the Central Bank requested the registered Iraqi banks, whose shares are traded in the Iraq Stock Exchange, to pay attention to the bank's website through allocating an electronic window for investor relations (IR) on the bank’s website through which the publication Annual and quarterly reports, as well as publishing financial data analysis and comparisons with previous periods, as well as significant and influential contributions, and publishing analysis of performance and activity indicators and decisions of public body meetings And the number of shares traded and their market value.
    Disclosure mechanisms
    And that "this procedure is considered an evolution in the Disclosure Mechanism," as most banks implement the above paragraphs and publish them in their annual report, which appears shortly before the meeting - and it is almost a historical financial report - at a time when the importance of disclosing the above paragraphs appears within a system. An electronic window in the bank is a guide to transparency and interest in the bank’s shareholders to inform them of performance indicators, especially when combined with trading indicators in the stock market and a catalyst to attract investors.
    Publish the data
    Abdel Salam stressed that "the purpose of publishing the above data and information is a start to the financial and informational disclosure required by the participating banking companies, especially when demanding the publication of an analysis of the relationship and impact of financial variables among them and the relationship of the stock return and the earnings per share with the market value. Which gives a true picture of the value of the stock in light of Financial indicators".
    Stop trading
    Abd al-Salam continued, "It remains to determine that violating this mechanism should not lead to stopping trading in the company's shares or imposing fines on the company itself, but rather resorting to more effective means of holding accountable the negligent," explaining, "the importance of this mechanism extends in disclosing the way to sites that It promotes unlicensed investment and is not based on legal approvals by the sectoral authority or by the Capital Market Authority in Iraq, by deluding society with unrealistic investment opportunities in global stock exchanges that adopt dealing without the lowest disclosure criteria.
    MilitiaMan:  My view is they are fully disclosing to the world they are finishing the reforms and in very deliberate fashion. Yet they are using the PM cabinet as a smoke screen. 
    By them publishing that the cabinet is completed, yet, they are stalling the vote in parliament, suggests they are staggering the date of the vote time frames in the news for a purpose.. They suggested it was for yesterday, then today, now possibly Sunday, Monday and or even Tuesday next.. Imo ~ MM
    *****************
    Samson:  (post 87) Rafidain Bank announces the opening of documentary credits to ministries, traders and private sector companies   LINK
    Samson:  Al-Rafidain announces the opening of documentary credits for ministries, traders and private sector companies   LINK
    MilitiaMan:  As noted in post 194 (see above) today, about the country being ready to go international (or is now already), this supports that opinion quite well. lol All the global entities that were mentioned in #194 has me thinking that this is telling the Global entities that they have the ability to get guaranteed payments and settlements in a manner that is acceptable to both buyer and seller in at an international level.
    They have this in place through a government agency of Al-Rafidain Bank!! All the pieces of the puzzle are now on the table and apparently in place! Go time.. Or What? Imo
    "The documentary credit is one of the most secure payment methods in international trade, offering the exporter a conditional payment guarantee from the importer's bank. Documentary credits usually require the presentation of certain documents, which must be complied with before payment can take place."
    https://ex.aval.ua/en/corporate/finbizn/document/accreditives/
     Frank and Walkingstick video referenced above
    Rocky
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    MilitiaMan and KTFA Members Thursday PM Articles and comments 2-20-2020 "Go Time" Empty KTFA Members "News and Views articles with links" Thursday PM 2-20-2020

    Post by Rocky Fri 21 Feb 2020, 4:13 am

    [size=30]KTFA Members "News and Views articles with links" Thursday PM 2-20-2020[/size]
    KTFA:
    DELTA:   VERY HUGE ARTICLE ...THEY ARE READY TO DO BUSINESS NOW....
    Samson:  Rafidain Bank announces the opening of documentary credits to ministries, traders and private sector companies
    02/20/2020 10:14:35
     Al-Rafidain Bank announced the opening of documentary credits to state ministries, merchants and private sector companies with soft commissions.
    The bank’s media office said in a statement that the Al Furat News Agency received a copy of it.

    He pointed out that "opening the documentary credit for the merchants who carry out the operations of importing and exporting their goods and shipping and taking them out in case they conform to the legal conditions is easy with the bank because the Rafidain Bank is a government agency and therefore the completion of the documentary opening letter of credit is according to quick procedures that differ from other banks."    LINK

    Don961:  Al-Khalidi: Next Monday is the date for the parliament session, and the government will pass with a comfortable majority, with 220 MPs intending to vote on it.
    Wed 19, Feb 2020 20:46 | Political
    Baghdad / Nina / Muhammad al-Khalidi, head of the Bayraq al-Khair bloc, next Monday sets a date for a parliamentary session and said the government will pass by a comfortable majority, with 220 deputies bent on voting for it. / End 3      LINK
    ************
    Samson:  Registration Now Open for IBBC Spring Conference
    19th February, 2020
    Tenth Iraq Day at The Mansion House
    IBBC Spring Conference 2020
    ‘Iraq – Open for Business’ 
    30 March, The Mansion House, London
    This could be the year Iraq gets serious about reform and investment.
    For too long, Iraqi Governments have tinkered with reform, but with the protests, a growing population and a new government forming, there is a head of steam demanding change and jobs for young people.
    At this time in response, The IBBC Spring Conference, at the Mansion house, is convening the heavyweight players and institutions of Finance, Energy and Governance to articulate what is required for change. All the more important as a high turnout of Iraqi Minsters and Deputies, and UK officials and politicians are expected to attend and contribute to the debate throughout the morning sessions.
    During the afternoon, an interactive series of roundtables addressing University, Tech in Iraq, Women’s Group and a special Kurdistan Investment Forum are convening ahead of a reception at Eversheds Sutherland headquarters. For Iraqi businesses an additional day of hosting by the DIT, BEIS and British Chambers of commerce to engage and showcase British services and products for export.
    For companies operating in Iraq or considering the opportunities it offers, then this conference is bringing together many of the key decision makers and drivers of finance and the opportunity to talk directly with the key players including:
    BP, Shell, World Bank, Kurdistan Investment Authority, Arab bankers association, Ambassador of Iraq, UK Ambassador, Chevron, JP Morgan, National Bank of Iraq, PwC, Jordan Bank, EY, GSMA, and more confirming soon.  LINK
    ******************
    Samson:  A death penalty is passed that confiscates a sum of money deposited from the Diyala Provincial Council at the United Bank for Investment
    20th February, 2020
    The Baquba Investigation Court affiliated to the Presidency of the Diyala Federal Court of Appeal issued a judicial ruling to withhold a financial sum of (six billion and forty three million four hundred and fifty seven thousand five hundred and fourteen) Iraqi dinars deposited by the Diyala Provincial Council at the United Bank for Investment.
    The media center of the Supreme Judicial Council stated in a statement, "Al-Akhbaria" received a copy of it, that "the seized funds were previously collected by the provincial council through the local revenue law issued by it in 2017, because depositing them in private banks is a violation of the general secretariat instructions of the Council of Ministers".
    He added that "the court indicated that the seized amount is from the state’s funds and in order to preserve the non-waste of public money and to dissolve the Diyala Provincial Council and to violate the decision to deposit with government banks and present them to the public treasury decided to seize those funds and place a reserve reservation on them and keep them in the United Bank for investment with all the benefits obtained On its deposit, indicating that the status of the precautionary reservation came in accordance with the provisions of Article (184 / A / Fundamentalism).  LINK

    Samson:  The US Treasury Department imposes new sanctions on Iran
    20th February, 2020
    On Thursday, America announced new sanctions against Iranian figures, including Ahmed Jannati, head of Iran's Guardian Council.
    Among the Iranian figures that were included in the sanctions were Muhammad Yazdi, a member of the Iranian Leadership Experts Council, Abbas Ali Kadkhadai, Siamak Rahbik, and Hassan Sadagadi Moghaddam.
    A note posted on the website of the US Treasury mentioned the names of the Iranian figures.
    The US memo stated that punished Iranian officials forbid free and fair elections.  LINK 
    ****************
    Samson:  Video .. A citizen addresses the Minister of the Interior and demands that the border with Iran be closed due to the danger of "Corona"
    20th February, 2020
    The citizens sent a message to Interior Minister Yassin Al-Yasiri, to close the borders with Iran and prevent travel and reception due to the injury of a number of Iranian citizens to this disease, while activists launched the hashtag #Close_Border_With Iran.    LINK     VIDEO LINK
    MoeApollo:  Been reading about this on Twitter. They are REALLY concerned about this. My take is that any oppressive regime can claim a killer virus if they want to obfuscate a type of human purge. Especially since no world agency can come in to inspect the veracity of their claims. Do I see Iran weaponizing the virus or simply using the event?  100% I absolutely do. IMO     May God deal with this accordingly...
    PMac:  When the Cabal goes down The IQD goes up  IMO
    *****************
    Samson:  To prevent Corona ... the Maysan government completely closed the gray border crossing with Iran
    20th February, 2020
    The local government of Maysan announced, today, Thursday, that the border crossing with gray Iran is completely closed to Iran to prevent corona virus.
    A brief statement by the government, which had received a copy of "Al-Akhbariya," said that "it was decided to completely close the Al-Shayeb border crossing with Iran."
    He added, "The decision to close came as a precautionary measure after the emergence of infections with the Corona virus in the Islamic Republic of Iran," noting that "until now, the period of closure has not been determined."
    Al-Ikhbaria obtained a document issued by the office of the Governor of Wasit, Adel Hamza Gharib, titled to the Prime Minister's Office, to close the Zurbatiya outlet to prevent the spread of Corona in Iraq.   LINK

    Don961: "Corona" isolates China from the Group of Twenty
    - 6 Hours Ago
    Officials said that the Central Bank of China and the Ministry of Finance will not send any official to attend the meeting of finance ministers and central bankers in the G20 countries in the Saudi capital, Riyadh, due to the outbreak of the new Corona virus.
    But a Finance Ministry official confirmed, according to Reuters, on Wednesday, that Chinese representatives to the World Bank in Washington will attend the meeting scheduled for February 22 and 23.
    The Curna virus, which killed more than two thousand people in China, caused most confusion, especially in light of the strict measures taken by the authorities to limit the spread of the epidemic, by disrupting the movement of travel and production since the beginning of the last week of January last, until the ninth of February. February, before easing the restrictions imposed after that date.
    Official reports show the return of the various productive and service sectors to work gradually, in a move to extract the second largest economy in the world from the corpse of Corona, which paralyzed the joints of life in a few days.
    In an important step for the resumption of exports, the Customs Administration of Xinjiang, where the Muslim Uighur community resides, announced the launch of a Sino-European freight train to Poland on Tuesday afternoon.
    Since the new Coruna virus outbreak in the middle of last month, most freight trains carrying imports between China and Europe have been suspended or postponed.
    According to Xinhua, Wednesday, a Chinese-European freight train, carrying 850 tons of raw cotton, entered China on northwest China's Xinjiang corridor.
    Since the beginning of the year, the region has witnessed more than 730 freight trains between China and Europe, export commodities mainly include mechanical and electrical products, clothing and electronic products, while imports mainly include cotton and building materials.
    Meanwhile, the State Energy Department said that China had resumed 70.2 percent of its coal production capacity, noting that as of last Monday, 1,274 mines had resumed production throughout the country, with production exceeding 7 million tons for the first time since February 1. According to the administration’s data.
    The coal stocks in the country's power plants were sufficient for 26 days of consumption until Monday, while the government pledged to take measures to ensure the provision of coal, electricity and natural gas, with the aim of ensuring stable energy supplies in the severely affected areas including Wuhan in Hubei province, The epicenter of the outbreak in the east of the country.
    New Arab     LINk

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