Chat Room – News Excerpts & Highlights
ol lar says():I have to goto work but when I get off I have to explain to Clay and Elilali why I brought in a tv news clip from 2014.
I t was from the President of the Rafidian or Rasheed bank explaining that they could nod not activated the ATM’s without Removing the zeros from the currency, I knew it was old but if it was technically reletive then , then it remains so now, the connection was to yesterdays article about CBI wanting to start activaing all the ATM’s in postoffices and many other places.
Doug_W says():TGIF Ol Lar
ol lar says():Back at ya buddy ,TTYL
jd7164737021081537 says():OL Lar I remember seeing a article that stated that the 3 zero notes were unfit for the ATM machines.
Doug_W says():they also have to have a more unifoirm bill size unless they want a very complex machine
tman23 says():Food for thoughts…FLASHBACK… Ramadan, the ninth month in the Islamic calendar, begins on June 29, 2014……AND THIS EVENT TOOK PLACE….. The Sixth Issue of the Kuwaiti Currency was released into circulation on June 29, 2014……
The sixth issue of the Kuwaiti Dinar banknotes employs a clear and elegant structure throughout the entire series, using visual representations of nationally significant elements and economic accomplishments that are all grounded on one unified background that is of the Kuwaiti flag….. AND THEN CAME THE “SPECIAL RESOLUTION”…
*Note: Holders of the fifth issue banknotes shall still be able to exchange them only at CBK Banking Hall, by presenting an ID along with a copy thereof, and filling the related form, within an extended period of 10 years from the effective date of the resolution dated 19-04-2015……… Ramadan / Iraq 2017 will begin in the evening of Friday, May 26…….
BGG says():I’ve been off and on for a while now… (I did get right back) 😀
BGG says():I just didn’t say anything.
BGG says():I’m practicing my “non-responsive – inner monologuing olf man routine”… 😀
BGG says():old man…
Okie Dinar says():The parliamentary economy calls for investors to rehabilitate the Iraqi laboratories
A member of the Committee on Economy and Investment parliamentary Najiba Najib, Friday, Iraqi and foreign investors to participate with the Iraqi government, in the rehabilitation of factories and factories and investment in it.
Najib said in a press statement that “the government began to implement this year in the shadow of a financial crisis suffocating and there was not enough revenue to cover the rehabilitation of the industrial sector, so resorted to privatization and participation with the private sector of companies and investors,
” noting that “economic studies prepared by the government, Has reached the importance of restoring the industrial sector, through the rehabilitation of factories that are lost, closed and idle.
“The 2017 budget focused on the need to support the local product, so that the House of Representatives obliged the factories and laboratories of the government to provide themselves with equipment and logistics of Iraqi origin.”
Najib called on investors and Iraqi and foreign private companies to “participate and invest in the Iraqi industrial sector”
Okie Dinar says(): ^^^ From MadDScout
Elilali says():IT’S SOOO QUIET
Elilali says():(HOW QUIET IS IT?)
Elilali says():IT’S SOOOO QUIET, THAT i HEARD OKIE DRINKING WATER
Okie Dinar says():s72
Elilali says():things still look okay on the Dinarian front though. I’m REALLY hopeful that this pops before Ramadan
Elilali says():I think there’s only one community in Mosul left
Okie Dinar says():I keep praying. 🙂
Okie Dinar says():That’s great!
Beeson says():http://www.dinarupdates.com/showthre…-dinar-Morning Exchange rates of the dollar against the Iraqi dinar, according to the banking markets in Baghdad and the Kurdistan region, on Friday morning (12 May 2017).
Baghdad
Selling price / $ 100 = 125.250 JD
Purchase price / $ 100 = 125.100 dinars
Erbil
Selling price / $ 100 = 125.250 JD
Purchase price / $ 100 = 125.150 dinars
Beeson says():what did it use to be ?
Elilali says():that’s correct I think Beeson, it hasn’t changed much at all
Beeson says():but hasnt the dismal changed ?
Elilali says():They put in a decimal, but they mean to use a comma. That’s how they’ve always done it
Okie Dinar says to Elilali():(y)
Beeson says():oh ok
Beeson says():yeah i remember that now
Beeson says():sorry
Okie Dinar says to Beeson():s40
Okie Dinar says to Elilali():TY 🙂
Elilali says():I remember a few months ago … when Basra’s news site put up an exchange rate of $3.68. My jaw dropped. We all e-mailed them, and then they took it down lol. I took a screen shot though, and I still have it
Elilali says():I’m not sure if I can paste an image in this chatroom
Beeson says()::urra
Beeson says():click on the 4th icon…toput an image
ol lar says():Yesterday I brought in a tv news clip from 2014. It was from the President of the Rafidian or Rasheed bank explaining that they could not activate the ATM’s without Removing the zeros from the currency,
I knew it was old but if it was technically reletive then , then it remains so now, the connection was to yesterdays article about CBI wanting to start activaing all the ATM’s in postoffices and many other places.
reynoldse2 says():should have taken a bigger one
reynoldse2 says():but that’s it]
reynoldse2 says():saw it with my own eyes, and it was pulled within about 24 hours of being up
Okie Dinar says():Nice 🙂 Hopefully one day
Okie Dinar says():s50
reynoldse2 says():Okie was right Beeson. I had to login to get that option
Beeson says():do you have that ?
reynoldse2 says():I remember someone in our group saying that ticker was powered by some place in San Fran. Some financial hub. So in my mind it was a big deal.
reynoldse2 says():I just pasted it above
reynoldse2 says():I know we’ve always had a great debate about the rate, but I belong to the school of thought that suggests it will be very high, solely because of fractional banking
Okie Dinar says():(y) 🙂
Okie Dinar says():I hope you are right 🙂
reynoldse2 says():but Okie, let’s not be greedy. $1 is fine too. I only have a few million IQD (Only lol) so I won’t be super wealthy, but I’ll have enough to solve 99% of my problems
Okie Dinar says():lol
reynoldse2 says():”I’ve been poor and depressedd, and I’ve been rich and depressed. Rich is better.” – Burt Reynolds
Okie Dinar says():I try not to be greedy…. and agree. I would be over the moon with $1 🙂 Money is just that. Sadly we depend on money more than anything. I will be thankful to buy a house for my kids 🙂 BUT it is all a blessing not matter what rate.
reynoldse2 says():no matter what rate, it will be the best day of my life thus far. I’ll save the world.
Okie Dinar says to reynoldse2():lol – yes it will!! I hope you do 🙂
reynoldse2 says():Just imagine being able to reach out to your closest friends and saying “I GOT YOU”
reynoldse2 says():the ones who need it
Okie Dinar says to reynoldse2():Of course! It will be an amazing to be able to help friends and family 🙂
Okie Dinar says to reynoldse2():Or tell them to invest 😀
reynoldse2 says():right. Help them help themselves, versus rescuing. Rescuing will be necessary in some cases, but I’d rather help people build their own wealth
Okie Dinar says to reynoldse2():I don’t think most people would listen though…. it’s not for everyone.
Okie Dinar says to reynoldse2():Me too 🙂
reynoldse2 says():Well hopefully the dong doesn’trevalue at the same time. That way, we can get our loved ones on another opportunity, and we’ll actually be credible
Okie Dinar says to reynoldse2():(y)
Okie Dinar says():The return of commercial traffic to the markets of Mosul again
The commercial movement returned to the city of Mosul again, after the restoration of large parts of the organization of the “Islamic State”, and in comparison with the Kurdistan Region and other Iraqi provinces, the prices of food, especially vegetables in the markets of Mosul – which imports from Erbil – less than the likes.
While the price of one kilo of red meat in Mosul is 7 thousand dinars, while the price in Erbil between 12 to 15 thousand dinars, and the price of a kilo of tomatoes in Mosul, 500 dinars at a time when the price more than double in Erbil.
The sellers assert that they take the economic and living conditions of the people and their purchasing power into account, stressing that they are still making profits despite the ascendancy of the prices of their goods.
Mosul markets are overcrowded, although most foodstuffs, especially vegetables and fruits, are imported from Erbil, but are sold half of what is sold there.
According to data from the Ministry of Agriculture in the Kurdistan Region, the local consumption of vegetables in the region of 746 thousand tons and more than 310 thousand tons of fruit, while the domestic production last year 187 thousand tons of vegetables and 54 thousand tons of fruit, while the quantity imported from Vegetables 478 thousand tons and 334 thousand tons of fruits.
reynoldse2 says():”The sellers assert that they take the economic and living conditions of the people and their PURCHASING POWER…”
reynoldse2 says():Purchasing power?
reynoldse2 says():Since when did Iraqi citizens have purchasing power? 😉
Okie Dinar says()::)
Okie Dinar says():That’s from MadDScout
reynoldse2 says():here we thought they were broke, and they’re spending the farm of fruits and veggies
jd7164737021086978 says():I wished that I had a video camera on one of their ATM machines.
Okie Dinar says():Transportation confirms its support for successful investment projects
Minister of Transport Kazem al-Hamami confirmed on Friday the ministry’s support for successful investment projects.
A statement issued by the ministry said Al-Hamami “visited the Najaf International Airport and was briefed on all the progress of the reconstruction and expansion projects witnessed at the airport.”
He pointed out that “Najaf International Airport is successful by all standards through continuous cooperation between airport and ministry officials, Iraqi. ”
Al-Hamami added that “the ministry always and always extends a helping hand to the successful investment projects that are being advanced by Najaf International Airport.”
For his part, Chairman of the Board of Directors of the airport Fayed Shammari, said that “the visit of the Minister gives moral impetus to the development of the airport and develop it to compete international airports during the next two years.”
