Another point to consider, that is, if it's relevant, but regardless, the timing is interesting (NOTE: this is from 2012, but the IMF's fiscal year must also be the same for every year after):
"The IMF’s financial year (FY) begins on May 1 and ends the
following April 30. The 2012 Annual Report covers the period
May 1, 2011, through April 30, 2012 (FY2012)"
Also note post 9:11am from here:
Post By Sager » April 13th, 2014, 11:39 am • [Post 217]
Yep, my point in that post was to highlight the fiscal year dates... it was interesting timing imo.
Another note to point out... if anyone can help me with this (WS?, SK?), I had read a while ago that the budget MUST be passed by the current administration...
if that's the case, and if they go on vacation on April 14, then imo we MUST be close to getting that budget "passed", or shown to the world... AND if that's the case, based on NOVA's statements, rate first, then the budget....
However, if they do go on vacation on the 14th of this month, and if my memory serves me correct regarding the budget needing to be passed by the current administration, and also if the current administration ends in June, then logic says they will announce an extraordinary session to "pass" the budget prior to that.
IMO, if this is all correct, then we should see a new rate by the time the current administration ends. BUT based on everything happening, IMO, June is way too far ;) Regardless, June is NOT far off :) :) :) Sager
Frank26 wrote on April 13th, 2014, 9:15 am: Aloha Sunday KTFA Family ............
I dream of a Red Post. Blessings to You and Yours. KTFA, Frank
LOL....... I would never Snicker for a Payday....... :lmao: I do things with purpose like a pilot calculating his landing. Therefore know this ..... I take off 14th and 15th for more than just the Celebration of my anniversary. I prepare the groundwork for a ........... Red Post. Our W CC next week will be ......... Colorful. KTFA, Frank
Post by Sager » April 13th, 2014, FRANK, fyi OTHERS have praised you for your outstanding blue post. If you want, I can share with family. Let me know Sager
Post by Frank26 » April 13th, 2014, GET OUT OF TOWN AND SHUT THE FRONT DOOR..... :rofl: ...... NO WAY !!! Ok ....... You have my curioscity so YES please do post them but REMOVE any link or name of the site it came from. KTFA STAFF ....... I ask You Kindly to allow this..... TY. KTFA,
Frank...... I want our KTFA Fmily to be proud that our efforts help so many.
Sager wrote on April 13th, 2014,: Frank, what does a RED POST signify? I've never seen any post with that color. Thanks! Sager
Post by Shade » April 13th, 2014, 3:11 pm • [Post 277] so just to clarify for my little brain ... a RED post is the same as a FIREWORKS post? meaning rate change? and a rate change could be anything from a small change to a sucker rate to a full blown ri/rv?
Post By Frank26 » April 13th, Sager, It is written and prepared to be released when the CBI releases a new rate to the world. Timing.......... It's a good thing. KTFA, Frank
Post by Sager » April 13th, 2014, OTHERS - Regarding Frank26 Saturday Night Post:
ColoradoPM : The way I read it, Frank is saying the Obama Administration held off on pushing for the IMF's Voting Reforms, as that would be political suicide for the Democratic Party, and allow the Republicans to regain the Senate.
Instead, they worked a back-door deal that allowed the IMF to give the end of year extension on the Voting Reforms... allowing the RV to proceed without the reforms in place... and that once the RV occurred, the Dems would have the political clout to push it through anyway.
Ischmah: This is beyond a doubt THE very BEST most concise post by Frank26 i have ever read. If people would read this thoroughly and without fear clouding the thinking, you would celebrate. Our blessing is near…..We have all had our doubts about CL but apparently she does know how to get her way in the long run. Hmmm?
Post by Sager » April 13th, 2014, April 13, 2014 CBI: "Bank" BIS "agrees to invest one billion dollars
Iraqi Central Bank announced the approval of the Bank for International Settlements to invest billion dollars during the current year.
He said, "CBI" in a statement, according to the statement Arab Emirates that he "discussed with the Bank for International Settlements in Basel has increased investments, and that the BIS has agreed to invest another billion dollars this year.
The statement stressed that "the Iraqi Central Bank has received notice from the Bank for International Settlements in Basel, which expressed its readiness to accept more deposits Iraq has within its budget for the year 2014."
He added that "the implementation of this action will contribute to achieving better returns for funds with Iraq to keep them in safe places too."
The BIS is an international organization of central banks to strengthen financial cooperation and global finance and operate as a bank for central banks not subject to any accountability to the government. LINK
Post by jaxjags » April 13th, 2014, We have heard so much about the 2014 budget and its dependency upon a new rate. Most notably, an international exchange rate which is different from the current programmed rate of 1166 is needed to ensure the success of Iraq.
With this in mind, I want to point out a glaring example of how Iraq and its budget need an immediate change in the status of the IQD in order for the 2014 budget to proceed.
1) Does everyone remember the announcement of Iraq opening a trade office in Houston, Texas?
2) Is it logical to believe that the operation of that office is contained within the 2014 budget?
3) Hopefully you answered yes to #1 and believing that the Houston office is contained within the 2014 budget, how can a delegation from Iraq fly to Houston and open a bank account with the Iraqi Dinar wired from Iraq and convert it into USD so that the office can conduct business in the United States?
The point that I am trying to make here [b]IMO is that Iraq cannot move forward with all of these wonderful announcements without FIRST!!!!.....a change in the status of IQD.
Using the Houston, Texas office as an example,……..IMO in order for the budgeted funds for the Houston office to work, the IQD must first be recognized/exchangeable in order to get the funds to be used in Texas. Second, IMO Iraq will deplete its funds in short order if the rate of the IQD is not increased significantly.
Again,……all of these wonderful announcements we have recently read about mean absolutely nothing IMO unless the status of the IQD changes very soon. Also, there is very little gained by passing the 2014 budget……..UNLESS the status of the IQD changes. Hopefully, I have made my point.