Frank, Delta and KTFA Members Tuesday 10-15-19
KTFA:
FINAL ARTICLE 81 Turkmenistan ......posted on April 16, 2018
Doodlebug: Family, when this Article was first given to us by Walkingstick (thank you Sir) in 2018, it was HUGE! It was a great example of what a successful currency reform might look like. There were students here that took this article very seriously and studied it daily... and some still do to this to this day.
Last night during the Conference Call, Frank and Walkingstick mentioned this article again. This wasn't mentioned just for the heck of it. Here, just look at this part of the article and see if it sounds familiar:
"Important as all these preparations are, the success of a currency reform depends just as much on a successful public education campaign. The central bank needs to coordinate this campaign with other agencies, financial sector representatives, merchants, and the general public. A delicate balance must be struck between providing sufficient public information and the need for confidentiality to avoid releasing clues to counterfeiters that could be used to undermine the integrity of the new currency."
Doodlebug: Doesn't all this sound so familiar? Or here, how about this one:
The key stakeholders, under the leadership of the central bank, should develop a detailed plan for distribution of the new currency. They must identify exchange points (places where the public can exchange the old money for new and where cash currency can be stored temporarily); establish facilities for more permanent storage of currency, such as vaults and strongboxes; and address various logistic issues, including exchange point staffing.
Doodlebug: Can anyone say, "12 Trucks"? Or here, how about this one:
"Turkmenistan issued six new banknote denominations on January 1, 2009: 1, 5, 10, 20, 50, and 100 new manat."
Doodlebug: Then the next paragraph said this:
"In parallel, new coins were issued in the following denominations: 1, 2, 5, 10, 20, and 50 tenge; and the following year, two more coins were circulated with 1 manat and 2 manat denominations.
Doodlebug: Can you say, Small Notes and FILS? Do you remember when Frank said to FF77 (in his opinion), "GO TO THE BANK AS FAST AS YOU CAN!" Why would he say that? To what, get the Phase 2 Notes? The ones that have already been done? The 250s/500s/1000s? Haha, I don't think so!
Each and every single time I read this article, I keep saying to myself.. "YEUP, they did that", and "YEUP, they already did that". I keep finding myself at the section of the article that says "LIGHTS, CAMERA, ACTION".
I highly recommend to all new Members of KTFA to go and read this article. Familiarize yourself with what a successful currency reform looks like. Again, this article should not be used to look for specific time lines or dates, as not every reform is the same for each country. Iraq is a special Lady, she's BEEN THE prettiest girl at the dance. IMOO, the DJ has just announced the last song of the evening.
"Have fun pretty Lady... may this be the song the World never forgets!"
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Frank26, Walkingstick and more…….Monday Night CC 10-14-19
PLAYBACK : 605.313.5163 PIN: 156996#
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Samson: The International Finance Corporation (IFC) adopts the Corporate Governance Guide for Banks issued by the Central Bank of Iraq
15th October, 2019
The International Finance Corporation ( IFC ) has adopted the "Guide to Corporate Governance for Iraqi Banks" issued by the Central Bank of Iraq.
It is noteworthy that the corporate governance of banks aims to determine the nature of the relationship between the board of directors of the bank and the executive management in order to protect the funds of depositors, shareholders and stakeholders and ensures disclosure and transparency.
Central Bank of Iraq information Office 2019/10/15
DELTA: THANK YOU SAMSON TRANSLATION IS MISSING AN IMPORTANT STATEMENT...
اعتمدت مؤسسة التمويل الدولية (IFC) "دليل الحوكمة المؤسسية للمصارف العراقية" الصادرعن البنك المركزي العراقي ، إذ يوضح هذا البنك بأن الدليل تم الاعتراف به و نشره عالمياً وإضافته إلى اللوائح الدولية والعالمية للمرة الأولى .
The International Finance Corporation ( IFC ) has adopted the "Guide to Corporate Governance for Iraqi Banks" issued by the Central Bank of Iraq.
This bank explains that the guide has been recognized, published globally and added to international and international regulations for the first time.
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Samson: IFC adopts the Central Bank's Corporate Governance Guide for Banks
15th October, 2019
The Central Bank of Iraq, on Tuesday, the adoption of the International Finance Corporation IFC Guide to Corporate Governance for banks issued by
In a statement received by Al-Iqtisadiah, the International Finance Corporation (IFC) adopted the "Guide to Institutional Governance of Iraqi Banks" issued by the Central Bank of Iraq
It is noteworthy that the corporate governance of banks aims to determine the nature of the relationship between the board of directors of the bank and the executive management in order to protect the funds of depositors, shareholders and stakeholders and ensures disclosure and transparency LINK
Samson: Iraqi banking achievement added to international regulations for the first time
2019/10/15 14:00
The International Finance Corporation (IFC) has adopted the "Guide to Corporate Governance for Iraqi Banks" issued by the Central Bank of Iraq.
It is noteworthy that the corporate governance of banks aims to determine the nature of the relationship between the board of directors of the bank and the executive management in order to protect the funds of depositors, shareholders and stakeholders and ensures disclosure and transparency. LINK
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SandnSea: No more hiding in the weeds. Iraq is INTERNATIONAL And, now everyone can see it’s OFFICIAL !!!!
SMN: Iraq will be International any day now, right after they raise the rate via the RI! Then it will be complete & Official!!! IMO...
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ChrisC: A thought just ran through my head, as they occasionally do, and I want to encourage all of y'all (as we Texans say) to not lose sight of the WHOLE picture.
Some you guys played football and this is the best example I can give of not doing this. There is a term called "crack back" in football. That is when you put a wide receiver out like he is going for a pass but he comes back and tries to knock the helmet off of a defensive end or linebacker when they are too focused on causing bodily harm to the quarterback.
We did this one time to a guy that was trying to hurt our quarterback and he cried like a little girl when he got hit and that was the end of that.
DO NOT focus so hard on Iraq that you don't see somebody coming up on you. I will say this again, IMO, whatever "delay" we might be experiencing is Trump's timing of the imminent collapse of the banking system.
The repo bailouts are projected to hit 500 billion by next week. Iraq is not in a vacuum and this deal is coordinated with, and connected to, more than we probably know.
MrHarfax: Agreed. I believe this is why Frank's teachings include a Global perspective on the topic. Iraq is not isolated in a vacuum.