1-27-2015 *Frank26

[Vixen]

1-27-2015 *Frank26 ~Article: "CBI supports commercial banks and buy treasury bonds" The article talks about the CBI doing three things: 1. They will be making 5 trillion dinars available to commercial banks for the purposes of loans…what kind of loans…loans for agricultural, industrial, and home loan/building uses. 2. They spoke of offering up to 50% of commercial bank reserves, up to 6 trillion dinars using this amount whatever it settles out to be to finance public budgeting... 3. And lastly, a buy-back of 5 trillion dinar in form of treasury bonds…this is to be done on the secondary market, meaning they must be doing this with a recognizable currency not something at the program rate….this would be a transaction with the world! IOO…we believe the CBI is TALKING and talking loudly. The Finance Committee has been crowing all day that they are soon to be ready, they worked through the night to have the budget prepared to present to the President of Parliament...done. This means they should be voting on the budget on Thursday during their normal session starting at 1:00 pm Iraqi time…but there is nothing in stone yet that says we will see the budget on Thursday. You will see or read that the budget has the 1166 rate in it, but that matters not….what matters is what the CBI is saying and what they have intentions of doing….what we still look for is when the CBI will work their magic...the CBI is in charge of this event, they work in conjunction with the GOI most recently, but the CBI is calling the shots...we don’t know the date or the rate…Just be ever so vigilant to what the CBI is doing and how they go about their business.