actualization teset economy

"Fundamental" - Sun. AM KTFA Thoughts, News w/ Frank26, DELTA 

DELTA » July 30th, 2017

The International Monetary Fund has called on Iraq to make fundamental adjustments in its economic and financial sectors, especially the banking sector, which needs to restructure and new policies in line with the reforms called for by the Fund as a condition to support Iraq. DELTA

http://www.alhayat.com/Articles

IObey77 » July 30th, 2017

WOW!!!! THANKS DELTA!! LOOKS LIKE ANOTHER "KICK IN THE PANTS" TO ME!! GET IT DONE, IRAQ!! THEY ARE NOT MESSING AROUND WITH THEM ANY MORE!

Upstart » July 30th, 2017

A revaluation would be a fundamental adjustment Just sayin …(Big Grin)

Frank26 » July 30th, 2017

GOOD JOB DELTA ............... BLANKS ARE WITHIN THE BANKS .......... WINK.

Cleitus » July 30th, 2017

Maybe fils..., to fill in the blanks. (or LD's?)

Walkingstick » July 30th, 2017

Zim piling up gold, diamonds to back new currency: VP

Harare - Vice President Emmerson Mnangagwa says the cash-strapped Zimbabwe government is piling up reserves of gold and diamonds to back a new local currency
.
But he did not say when the new currency would be introduced.

In November 2016 the central bank introduced "bond notes", bank notes which are tradeable only in Zimbabwe and have no value outside its borders.

Bond notes in short supply 

But the bond notes, like the forex Zimbabwe has depended on since the worthless Zimbabwe dollar was abandoned in 2009, are in critically short supply.

“We are building up reserves of gold and diamonds which if they reach a certain level… will then allow us to introduce our own currency that will be backed by those minerals,” Mnangagwa said.

“I am not at liberty to disclose to you the level that we want those minerals to reach before they can back our own currency,” he said, in comments carried Friday by the state-run Herald.

Mining in protected areas

The revelation comes amid reports the government had extended its quest for precious minerals into previously protected areas, including national parks.

Mnangagwa was addressing a meeting in the south-eastern cane-growing town of Chiredzi, where he was questioned on the currency shortages, said the Herald.

Mnangagwa said the only the forex the country was getting was from exports, NGOs, loans, or foreign investment.

Equipment from Belaras

The Zimbabwe government recently bought equipment from Belarus to excavate conglomerate diamonds in Chiadzwa, in the east of the country, and says it will lift protection status on a million acres of land to boost gold mining by artisanal miners.

The news has alarmed environmentalists as even national parks could be targeted. The Chimanimani Tourist Association said on Facebook it had been told by the environment minister that the stunningly beautiful Chimanimani National Park in the east of the country would not be spared. It said it was working with Tourism Minister Walter Mzembi and local chiefs to keep the mountains protected. 

http://www.news24.com/Africa/Zimbabwe/zim-piling-up-gold-diamonds-to-back-new-currency-vp-20170729

Cleitus » July 30th, 2017

if the Zim has no significance for now, why keep bringing it up? Must be something there for WS to keep posting on the Zim!

Boxman » July 30th, 2017

i am thinking WS is posting this to show, that in the future, ZIM, will introduce new currency...Backed by diamonds and gold (asset backed)..just my cardboard brain thought...IMHO 

WK » July 30th, 2017

ASSET-BACKING OF CURRENCIES

Cleitus » July 30th, 2017

I agree. It's building up their GDP..., assets in the ground, etc. It's been understood on several CC's that the Zim is a novelty currency..., something that is waaaay futuristic that may be of some value to us. So why does WS keep bringing up these articles if it's not meant to catch our attention?

AlGrossman » July 30th, 2017

Look a little closer...."But the bond notes, like the forex Zimbabwe has depended on since the worthless Zimbabwe dollar was abandoned in 2009, are in critically short supply".....I'd be thrilled though because I hold a few of them myself

Fenway » July 30th, 2017

IMO the old trillion+ dollar Zim notes are novelty. Like the Saddam Iraqi dinar notes. Both once had value, but IMO not today. I wasn't saying that future Zim currency will be novelty. And WS' article demonstrates the future asset backed potential of the upcoming Zim currency.

Doc.K » July 30th, 2017

Is there any proof in writing that the 2008 and the 2009 Zim notes are no longer valid or honored ? There are $1,000 US note that are no longer in circulation and no longer printed but if you take it to the bank they're accepted.

Bone1107 » July 30th, 2017

I believe that if walkingstick posted it then study it... Zimbabwe is underestimated and everything that their are doing just makes to much sense to me. I don't have my heart in this currencies investment.

But when Russia, Mexico, Canada, United states Of American,Saudi Arabia, China are doing so much business and also with Vietnam makes me wonder what is going on over there in good old Zimbabwe.

The President in Zimbabwe said that they will also bring back the Zim dollar and the Bond note are just temporary. The President of Zimbabwe said "would be the only country to ever go back to there own country currency". IMF is impressed with what they have accomplished...

My question is what have they accomplished to make IMF happy and what about the UN ??? something is cooking with all these countries. An NO I ain't talking about a GCR for anyone that wants to ask.

Research is a power tool The Dinar is in the BAG and WELL DONE

LastFrontier » July 30th, 2017

We were told very specifically to pay careful attention to everything Walkingstick posts. That being said, one must assume this article is in fact real news for today.

Don961 » July 30th, 2017

Parliament: The law "National Oil" will be ready to vote soon

The law witnessed the acceptance of all political blocs within the House of Representatives

30 July 2017 12:41 PM

The head of the oil and energy parliamentary committee in Iraq, said the law of the National Oil Company will be ready to vote in the next few weeks or months, quoting the Iraqi News Agency.

Ares Abdullah explained that the first reading of the law has been completed and is currently being discussed.

According to the law, "Ares" that includes the separation of the National Oil Company from the Iraqi Ministry of Oil, so that directly linked to the Prime Minister of the State.

The company will manage oil operations in Iraq only now, which will include development, exploration, exploration, extraction and production, except marketing, which will remain linked to the company "Sumo," according to the agency.

He continued: "We will meet with the Kurdistan government during the next week; to reach a formula for agreement on the draft law, and we expect to pass it after."

Azir pointed to the viability of the law within the House of Representatives of all political blocs, according to the agency.

He was a member of the Committee on oil and energy parliamentary Iraqi noted on July 20 that the current version of the law of the National Oil Company does not represent the ambitions of the oil industry in Iraq.

The text of the law includes 9 items, the most prominent of which is to allow the company to invest in all oil and gas fields for all of Iraq's territory and territorial waters. It also has the right to borrow from inside Iraq or abroad to finance its investments.

https://www.mubasher.info/news/3138847/link

Doc.K » July 30th, 2017

The middle easterners have a different sense of timing.

If they say in a few hours or a few days that could be in a few months .

The lower denoms have been sitting in those ATM machines for months, so if it drags out for another 8 weeks I wouldn't be surprised . I would not like it at all , but I wouldn't be surprised. I'm not trying to rain on anybody's parade, I'm just trying to look at it practically without dinar RV goggles on. Peace 

Quincy » July 30th, 2017

Although an article is posted with date/ time of then said 'meeting,' could possibly it be that said meeting was held weeks ago, with narrative, but not released to news outlets until 'ready' to print of procedures toward RV or country laws to 'vote' on. Just a possibility meetings were held awhile ago ... or not. JMO.

I do agree that our 'soon' is within a few days, not months away. I heard Trump say one day, "you'll know soon" (when asked a question), then followed, "within two weeks." 'Soon' isn't 2-weeks in English, at least in our home, 'dinner is soon' better not be a few weeks. 

BenBlessed1 » July 30th, 2017

Interesting...at the least. I wonder if this may be connected to their plan? Or if it's even true?

There is going to be a meteor shower on 12th of August, 2017.

According to astronomers this will be the brightest shower in the recorded human history. It will light up the night sky and some of these might even be visible during the day. This meteor shower is being considered as once in a lifetime opportunity as the next meteor shower of such kind will be after 96 years.

The Perseid meteor shower, one of the brighter meteor showers of the year, occurs every year between July 17 and August 24. The shower tends to peak around August 9-13.

http://www.sci-techuniverse.com/2017/07/get-ready-brightest-meteor-shower-in.html?m=1