.Delta and KTFA Members Late Thursday Night 6-21-18

6/22/2018

KTFA:

DELTA: BLAST FROM THE PAST: (wink)

Iraq discloses designs for redenominated banknotes slated for July 2013

Jul 21, 2012 08:17 AM Category: Middle East

According to Iraq's semi-official Alsabaah newspaper, the finance committee received specimens of the new Iraq banknotes from the Central Bank of Iraq. The specimens were of the 25, 50, 100, and 200 dinars. The committee urged the central bank to delay the introduction of the new currency from January 2013 to July 2013 to study all the aspects of the process.

Other Iraqi media reports state that the new currency will be issued in denominations of 5, 10, 25, 50, 100, and 200 dinars for banknotes and 25, 50, 100, 250, and 500 fils, plus 1 and 2 dinars for coins. The designs have been already chosen for banknotes and coins:
....
5 dinars: Beck waterfall and palm tree

10 dinars: dinar coin minted in the reign of the Umayyad dynasty and lighthouse Hadba in Mosul

25 dinars: King Hammurabi receiving the law and farming of Iraqi Kurdistan

50 dinars: King Codaa and Fort Ukhaydir

100 dinars: Central Bank building in Azwaip area in Baghdad and ziggurat

200 dinars: bridge and school

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Rommy: Thanks Delta! Better late than never!

LoneStarCowboy: ~ Interesting to say the least~ January to July

Don961: Were they poised to do this in 2013 ??? ... did DRS and the CBI have everything ready to launch ?? ... oh yes !!!! ..

Check the dates ... this article came out in July 2012 ...

And from FA #91 .... The independence of the CBI suffered a setback in January 2011 when former Prime Minister al-Maliki won a court ruling that placed independent institutions, including the CBI, under the control of the cabinet. In January 2012, the CBI raised the exchange rate of the Iraqi dinar to $1.19, causing a huge crisis that led the Supreme Judicial Council to issue an arrest warrant for CBI governor Sinan al-Shabibi in October 2012 on charges of corruption.

It was that close !!! ... imo

MilitiaMan: If I may ask is this a reflection on what may be on the back side of the cbi site that is not meant for western eyes just yet? It wouldn't be the first time that data is there that arrives latter on? Right! I mean, it has been found that the Arabic side gives out data to the one side and later proves it to the other side when readybto? Sound about right?

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Samson: Russia scraps US Treasuries in favor of gold

21st June, 2018
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Russia reduced holdings of US Treasury bonds in exchange for the increased purchases of gold, in a new twist with US sanctions imposed on Russian companies and individuals

Russia sold US $ 47.4 billion worth of US Treasuries last April, the biggest drop among major US debtors

According to data from the US Treasury Department , Russia is currently investing $ 48.7 billion in US debt compared to the record level of $ 176 billion in 2010

Moscow currently ranks No. 22 in the ranking of the most heavily traded US Treasuries
In contrast, the Russian central bank continues its purchases of gold, increasing reserves of the metal by about 1% in May to reach 62 million ounces valued at $ 80.5 billion

In May, Russia's central bank, "Elefira Napolina", said gold purchases helped diversify reserves

After the inauguration of Vladimir Putin as president for a new term in Russia, he warned that his country is seeking to get rid of the dollar and diversify reserves to support economic sovereignty

According to the latest data released by the Russian Central Bank, the share of the US currency from reserves jumped by about 46% in 2017, representing a higher pace than the previous year of 40% LINK

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Samson: Russia gives up US Treasuries

Over the past few years, Russia has tended to increase its gold reserves at the expense of its US Treasury bonds under US sanctions against Moscow.

US Treasury data showed that Russia sold US $ 47.5 billion worth of US bonds during April, dropping its US bond investment to $ 48.6 billion from $ 96.1 billion in March.

"Some people are asking whether the Russian central bank sold US bonds in April to support the ruble, but it is about changing priorities as reserves continue to grow," said expert Vladimir Miklashevsky.

Miklashevsky, chief economist at Danski Bank, said the rise in US bond yields encouraged them to sell.

Russia has become the largest holder of US bonds to sell these bonds despite the growth of its international reserves in light of high oil prices, as Moscow reduced its holdings of US Treasury bonds in the past eight years by about four times, from 176 billion dollars to 48.6 billion.

The Central Bank of Russia data show that the country's reserves increased during the first five months of this year by 24 billion dollars, to reach in early June to 456.640 billion dollars.
The data indicated that gold reserves, which are part of the international reserves, have increased since the beginning of 2018 by 3.864 billion dollars, from 76.647 billion in the first of January to 80.511 billion in the first of June. LINK
Samson: 2.5 Million in a rally rallying opposition against Erdogan

22nd June, 2018
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Tens of thousands of Turks rallied during an election rally in Izmir for support of Muharram Enjih, Erdogan's main rival in the presidential election on Sunday

Organizers said 2.5 million people had participated in the gathering, but these figures could not be independently verified

According to analysts, Angie may face Erdogan during the second round of presidential elections on July 8

"Erdogan is a tired man, a lonely man ... an arrogant man who does not respect his people," Engier told the crowds

Erdogan remains Turkey's most popular politician, and opinion polls favor his lead, but it is not certain he will get the 50 percent needed to win the first round

"Turkey wants to breathe, peace and stability," Enge said in an interview with Agence France-Presse, adding: "She does not want someone to scream and get angry, you want someone who is more youthful and compassionate."

The 54-year-old is younger than Erdogan, with a 10-year junior

With the backing of the old Republican People's Party, he appears to be the most powerful candidate in the face of Erdogan, who has dominated the political arena since 2003, as prime minister and then president of the republic LINK