Chat Room Excerpts & Highlights
wmawhite says():I was asked this question: Do you think once the dinar is international we will be able to exchange IQD for USD at most banks or exchange centers in the US?
clay says to wmawhite():and the answer is ….
jarhead says():really ??
jarhead says():taking too long he’s gotme worried lol
wmawhite says():first of all…………Iraq already has swapped currencies with other countries, such as India…..therefore, the IQD is international.
However, is it internationally accepted? Mostly no. Once the CBI is Article 8 compliant more banks/countries will agree to exchnage the IQD. But again, banks have the choice whether or not to deal/exchange a country’s currency.
wmawhite says():Those gurus that state that the IQD will be exchanged at all banks are factual wrong.
wmawhite says():I will give you an example.
_firefly_ says to wmawhite():Have to agree with you there !
Hutch says to wmawhite():as you have said, Art 8 is basically a seal of approval
msdiva says to wmawhite():i know for sure Wellsfargo said years ago they will not and i repeat will not sell or exchange the IQD
jarhead says():so do yall feel thats why all those dignitaries will be in iraq saturday…article 8 ?
wmawhite says():I spoke to several banks on the island of St. Marrten…in the Caribbean……..I aske dthem if they exchange several European currencies and the answer was yes….because they have european tourist.
I aske dif they exchange the Japanese Yen…..and the answer was no….because there is no market for the Yen…..no tourist.
jarhead says():next ?
msdiva says to jarhead():im taking this meeting with a grain of salt i want to be excited but cant
jarhead says(4):does article 8 mean they r global or does the currency have to rise to do that
Woodywoodpecker says():msdiva…..i understand
wmawhite says():So, I point is, IMO the IQD will be in demend throughout the Middle East and parts of Europe………………..however, some USA banks may not want to exchange the IQD initially, just as if they do not exchange many of the other 135 currencies in the world.
wmawhite says to jarhead():I have repeated numerous times what Article is and you what to know what????????LOL
msdiva says to wmawhite():so does this mean we may have to travel else where to exchange when the time comes
wmawhite says to jarhead():so, my point is*
jarhead says():jk jk
msdiva says to wmawhite():(y)
SoonRV says to wmawhite():wont these here? https://www.bis.org/cbanks.htm#country_US
https://www.bis.org/cbanks.htm#country_US
wmawhite says to jarhead():(y)
jeffjane says to wmawhite():Do you think an exchanger would exchange – Like Dinar Inc
_firefly_ says():IMF Executive Board Reviews Noncomplying Purchase by Iraq and Breach of Obligations Under Article VIII, Section 5 Press Release No. 13/464 November 21, 2013
_firefly_ says():The Executive Board of the International Monetary Fund (IMF) has reviewed a noncomplying disbursement by Iraq totaling SDR 297.1 million (about $453.7 million) that was made on March 22, 2011, following the completion of the second review under the 2010 Stand-By Arrangement (SBA) (see Press Release 11/90), and a breach of obligations under Article VIII, Section 5 of the IMF’s Articles of Agreement.
The SBA was approved in February 2010 for a total amount of SDR 2.38 billion (about $3.63 billion) to cover Iraq’s balance of payments needs (see Press Release 10/60). Iraq received disbursements amounting to the equivalent of SDR 1,069.56 million (about $1.63 billion). The SBA expired in February 2013.
wmawhite says to jeffjane():Very possible………….but can you imagine the huge amounts of money a broker/exchanger would need to have on account just to start the process.
jeffjane says to wmawhite():I understand
jarhead says():the only thing that still loses me is why borrow…………JUST REVALUE
jeffjane says to wmawhite():let me know where you are going to exchange so I follow
_firefly_ says():The SBA expired in February 2013.
SoonRV says to wmawhite():wont these here? https://www.bis.org/cbanks.htm#country_US
https://www.bis.org/cbanks.htm#country_US
wmawhite says to jarhead():Revaluing does not change why they are barrowing………..they are two separate issues..
wmawhite says to jarhead():borrowing
jarhead says():im tickled we got DUCE
jarhead says():yes iraq borrowing from imf
wmawhite says to jeffjane():that info will be everywhere….
Caravaggio says():Or one could deposit in a multi- currency account, and withdraw in whatever currency one wished?
jarhead says():excellent advice
R&R says to jarhead():IMO all the steps will “move them” into Art 8 compliance, and once in compliance, the IMF or Iraq (or both) will announce officially they are Art 8 compliant … and Section 4 of Art 8 requires “the convertibility of foreign balances” (i.e., int’l tradability)
jarhead says():not economically saavy
jarhead says():never have been
Hutch says():My favorite mythical creature?…. The honest politician
Hutch says():I don’t find it hard to meet expenses. They’re everywhere.
wmawhite says to jarhead():Iraq is barrowing in order to meet the revenue needs of the 1026 budget………………
wmawhite says to jarhead():borrowing………
jarhead says():but wouldnt rv make it better………..idk
wmawhite says to jarhead():no……they still don’t have enough to pay the school teach, the police, etc.
wmawhite says to jarhead():RV doesn’t change how much revenue is in the country……..1IQD is still equal to 1 IQD after a RV
jarhead says):even if their value is 3x the US dollar they r using ?
jarhead says():oh i get it jarhead says():duh
msdiva says to wmawhite():okay im confused for sure now
msdiva says to wmawhite():who will benefit from the RV us or IRAQ
jarhead says():both
wmawhite says to jarhead():But they are not paying the teachers in the USA………we are talking about in Iraq….there is no rv in Iraq it is only outside of Iraq
jarhead says():they will get les iqd
jarhead says():less
msdiva says to jarhead():are you sure
msdiva says to jarhead():or JMO
jarhead says():because of change in purchasing power
wmawhite says to jarhead():Much is $1 worth in the USA?
jarhead says():$1
jarhead says():i get it
wmawhite says to jarhead():Answer: $1
wmawhite says to jarhead():How much is $1 worth in France?
jarhead says():uh
jeffjane says to wmawhite():LOL – 1 IQD is still 1 IQD in Iraq discussion again
wmawhite says to jarhead():About $0.80……
wmawhite says to jarhead():How much is 1 Euro worth in France? 1 Euro.
jarhead says():the iqd will b worth more thereforethe individual will get less of the iqd notes once value chand=ges
jarhead says():in country
msdiva says to wmawhite():So could this be a 1 to 1
jarhead says():no
jarhead says():if they pay right now$3 US dollars for a loaf of bread
jarhead says():if it goes to $3 to 1 dinar then they would pay 1 dinar for the loaf
msdiva says to jarhead():so you saying no 1 to 1
jarhead says():look sweetie
jarhead says():^^
jarhead says():yes it will b more than 1 to 1
jarhead says():it has no choice
jarhead says():if im wrong im totally lost 8-|
jd says():When this Rvs.Why cant a Iraqian pay in Dinar for a new car and drive it across the border and sale it for USD and then realize a hudge gain ?
wmawhite says to jd():He could…………………..
Baxter1243 says():JD… thats a great question… (y)
jarhead says():if he took the US dollars back to iraq it would be the same money he had to buy it
chickadee says():Just came in on tail ehd but I called Bank of America a few months ago and they said they exchange Dinar as long as you had a account.
wmawhite says to jd():and then what happens when he returns to Iraq and exchanges again back into IQD?
jarhead says():exactly
wmawhite says to jd):He is back where is started and probably a little more poorer because o fthe spread.
jarhead says():yep
wmawhite says to chickadee():What exactly did you asked them???
jarhead says():also an individual in iraq will not get big number currency like we have thats why they r drawing it in
wmawhite says to chickadee():Exactly………did you say “dinar”? because there are 9 countries across North Africa and the Middle East that use the name “dinar” to describe their currency.
rcookie says():TODAYS NEWS ALONE….AMNESTY LAW DONE AND READY FOR VOTE….
OL MINISTER ABDUL MAHDI RESIGNS….IRAN PRESIDENT ROUHANI PRESENCE IN IRAQ THIS WEEKEND ADDS TO LIST OF DIGNITARIES….
US MARINES ANNOUNCE EXPANDED COMBAT ROLE IN IRAQ….TEXT OF CONSCRIPTION LAW RELEASED……PRIVATIZATION OF IRAQ NATIONAL DRILLING COMPANY ANNOUNCED…….
4 ANNOUNCEMENTS IN 2 DAYS BY CBI….LETTER FROM ALAK OUTLINING HIS TENURE AS CBI GOVERNOR WITH COMPLETELY SHOCKING REVEALMENTS….
TRADE ANNOUNCES REDUCED PRICES ON CONSTRUCTION MATERIALS AND COMPLETE FINANCING THIS WEEKEND…CBI ANNOUNCES FUNDING SUPPORT FOR HOUSING PROGRAM OF ALL TYPES….
MOU OF BANKING COOPERATION BETWEEN CENTRAL BANK GOVERNORS IRAQ & IRAN….
MOSUL 3 AXIS OFFENSIVE OFFICIALLY ANNOUNCED BY IRAQI MILITARY….
MOU IN ENERGY SIGNED WITH SIEMANS COMPANY…IRAQ TRANSPORT MINISTER JABR OFFICIALLY RESIGNS….IRAQ COMPLETES 2 MORE IMF METAC WORKSHOPS…
2ND IN SERIES OF 11 BONDS AUCTION OCCURS…BAGHDAD ANNOUNCES INSTALLING “ENTITILEMNT COMPANIES”
rcookie says():AND THATS NOT EVEN HALF OF TODAY ALONE….ACTION…..WHAT ACTION….
rcookie says():SLACKERS……
jarhead says():good job RC
Hutch says to rcookie():That would only have been a wish list a year ago and now its a action list
jarhead says():no doubt
msdiva says to rcookie():i hope the action keeps up bcuz talk is cheap
rcookie says to Hutch():FOR 1 DAY….CAN YOU SAY PERSPECTIVE….
rcookie says to Hutch():NO….TALK IS NECESSARY FOR ACTION….
R&R says to rcookie():loving the checklist above (y)
chickadee says to wmawhite():I dont remember excatly. But I asked if they exchanged currency they said yes. SHe asked what I had I said Dinar from Iraq she said yes as long as I had a account with them. We are in a small town so I dont know if she knew what she was talking about.
jd says():It seems like there has to be a way that the Iraq citizens can gain in dollars on a RV of their own country.Maybe not.
Baxter1243 says():Fox News reported today… that they suspect that there are over 250,000 IED’s in Ramadi… that need to be found and removed… there have been over 100 citizens killed since returning after ISIS left..
msdiva says to chickadee():if she was a teller then she dont know what shes talkin about most dont
msdiva says():but if its Wealth Mang then thats a horse of a differ color
chickadee says to msdiva():excatly I dont know who she was.
chickadee says to msdiva():I remember her being really rude sounding LOL
msdiva says to chickadee():just dont let them send it off when you do exchange thats the issue i am having here dont let it out your sight
wmawhite says to chickadee():I spoke with a teller from BoA and she did not know a dinar from Kuwait from a dinar from Iraq. all she was concerned about was lunch time.
chickadee says to msdiva():oh I am not. I am not fond of BOA so if I can help I am not going there
Baxter1243 says():WMA… I have a question…. there is an Iraq Bank in Detroit… Republic Bank of Iraq… IF this Rv’s.. why couldnt we cash in There??
chickadee says to wmawhite(:D probely same here.
msdiva says to Baxter1243():you mean exchange
msdiva says to Baxter1243():never say cash in
Baxter1243 says():whatever (lol)
chickadee says to Baxter1243():there is I never knew that.
Baxter1243 says():Oh yes.. Chickadee..
wmawhite says to Baxter1243():If I was in Detroit i would be visiting that bank.
Baxter1243 says():Actually… its in St Clair Shores..
chickadee says to Baxter1243():I may need to go visit my mom than 😀 My sisters boss is from Iraq
Baxter1243 says():WMA.. so we could cash in there?
Baxter1243 says():I know exactly where it is..
wmawhite says to Baxter1243():If you say cash in, they think you are speaking about a lotto ticket………….you exchange currencies.
Baxter1243 says():well whatever….but we could exchange there…..??
chickadee says to Baxter1243():EXCHANGE EXCHANGE EXCHANGE!!!!!!
subgirl says to chickadee():lol
wmawhite says to Baxter1243():I don’t know if you will be able……what I am trying stress to you is to go speak with them.
Baxter1243 says():I have their phone number… IF it Rvs I will call them.
msdiva says to Baxter1243():ahhhh ha told you msdiva says to Baxter1243()::D
jarhead says():well……….lets get to the CASH IN STAGE first LOL
subgirl says to msdiva():lol
Baxter1243 says():Jarhead… EXACTLY
msdiva says to Baxter1243():remember tell them you would like to exchange your currency
Baxter1243 says():Ok.. I will
jarhead says():omg yall r hilarious lol
msdiva says to jarhead():(lol)
jarhead says():thats why i love all of ya
chickadee says to jarhead():EXCHANGE EXCHANGE EXCHANGE!!!!!! (Tp)
jarhead says():yall done lost it lol
jarhead says():see
chickadee says to jarhead():8-| havent had it yet. so how can one lose it? 😀
msdiva says to jarhead():we lubb you too:-*
wmawhite says to rcookie():Take those wings back……….
rcookie says to wmawhite():LOL
msdiva says():i will be highly upset if the news comes in and say they postpone the saturday meeting til Tuesday lol
rcookie says():Start of the first phase of the liberalization of Mosul in a massive attack on the organization «State» locations in drunk MARCH 24, 2016
Mosul «Quds Al-Arabi»: Iraqi forces announced, on Thursday, the start of the first phase of liberalization of Mosul, launched a strong attack on the organization «State» breakers sites in eastern Mosul operations, in conjunction with air strikes violent international coalition against southern province.
Military sources announced that «pieces of the band 15 in the Iraqi army, launched Thursday, March 24 / March 2016, an attack on the controlled organization« state «in southwest drunken areas».
rcookie says():The military sources in Nineveh operations command to the brigade 72 of the band 15 to launch a strong attack on a series of villages were under the control of the organization, including the villages of Krmurde, and Kodellh and humiliation and taxes Jeb ,.
Stressing that the initial attack resulted in the liberation Krmurde village, without any resistance by militants from the organization who have fled the battlefield as a result of heavy shelling that heaped on their sites with the progress of Iraqi forces. The Iraqi forces are now advancing towards the village Kodellh.
The military official said the media cell in its statement, said that «the first page of the opening process for the Liberation of Nineveh launched (yesterday) Thursday, edit group of villages».
wmawhite says to msdiva():still,………..the schedule of the meeting has nothing to do with this happening……..
rcookie says():He noted military cell a statement that «the armed forces began, within the definitive liberation of Nineveh and the pieces thereto and the forces of the popular crowd and three axes, the implementation of the first page of the operations of conquest where forces are engaged in military operations of the three axes, as it moves towards the planned objectives within the first page ».
He noted the MySQL statement that «the Iraqi forces, on Thursday, from the villages of Victory and edit validity and Krmendi and Kvelh and Khrbirdan in a drunken».
Kurdish sources confirmed, that the cooperation is going on in this attack between the Iraqi army and the Peshmerga, as the brigade Al91 Kurdish forces
jd says():With IMF,World Bank and United Nation people there,no way will they cancel that meeting.IMO
wmawhite says to msdiva():This event could still take place tomorrow, next week, next month and there never be a meeting.
rcookie says():(Peshmerga) to provide attribution to the Iraqi army. The international coalition fighter jets had launched violent raids on the organization of sites in that region during the past few days.
The elements of the organization, during the past few days, pounding the Iraqi army and the Peshmerga camps at the center of a drunken which spread those forces in preparation for the battle to liberate Mosul. So this attack was to silence the sources of the shelling of the organization «State», in addition to be considered a step to advance towards Mosul.
rcookie says():It is the American side, Colonel Steve Warren, a spokesman for the international coalition to fight al «Daash» terrorist emphasized told «Khandan» News, that the process initiated by the Iraqi army against the «Daash» on the outskirts of drunken yesterday morning, is part of the liberalization of Mosul operations .
He said Colonel Warren said «coalition forces did not take part in a ground operation, which was launched today (yesterday) against« Daash »drunk at parties, but the attribution of Iraqi forces by air».
In another conclusively from Mosul, confirmed sources in the leadership of the liberation of Mosul, the «liberation of Mosul forces shelled positions Daash heavy artillery in
rcookie says():hand Qayyarah, south of Mosul, in conjunction with the aerial bombardment». A source in the leadership of Mosul operations, said yesterday that dozens of elements «Daash» had been killed and wounded in aerial bombardment, south of Mosul (405 km north of Baghdad).
The source said in a press interview that «the international coalition aircraft bombed Thursday, sites and communities belonging to the organization in my part ailing bathroom and Qayyarah, south of Mosul, and cost the elements of loss of life and equipment, including the destruction of the tanker loaded with fuel, machine gun and four personnel carriers nine thermal missiles».
rcookie says():It conducts extensive military preparations to start the restoration of the city of Mosul from the grip of the organization, which has dominated it since June 10, 2014 and later spread to several provinces such as Salahuddin, Diyala and Kirkuk process.
rcookie says():http://translate.google.com/translat….faceiraq.com/
http://translate.google.com/translate?depth=1&hl=en&prev=search&rurl=translate.google.com&sl=ar&u=http://www.faceiraq.com/
rcookie says():US TANKS AND DRONES BEING USED IN MOSUL OFFENSIVE……
vision2 says():Wow rcookie thank you so much this is awesome news Glad to see them taking Mosul May God be with our troops and all those who are taking there country back!!!!
rcookie says():Sources of change: to raise the alert status of all deployed security forces inside the heavily fortified Green Zone in central Baghdad He wrote in: March 25, 2016
Private sources confirmed the change to raise the alert status of all deployed security forces inside the heavily fortified Green Zone in central Baghdad.
Sources said the anti-terrorism forces deployed numerous checkpoints reinforced by soldiers and military vehicles inside the Green Zone were all tanks and armored vehicles stationed inside the fortified area processing.
The sources added that the stringent security measures taking place in the Green Zone, which houses the prime minister and the House of Representatives and the Supreme Judicial as well as US and British embassies and a number of Western and Arab embassies comes in anticipation of any emergency, especially in conjunction with the continued sit-ins in front of the fortified area gates.
rcookie says():The sources pointed out that the elements of heavily armed special forces weapons deployed at checkpoints scattered remarkably in the Green Zone as the sniper teams deployed on high-rise buildings and military helicopters continue to fly in low over the heavily fortified area and other areas in Baghdad.
rcookie says():http://translate.google.com/translat….faceiraq.com/
http://translate.google.com/translate?depth=1&hl=en&prev=search&rurl=translate.google.com&sl=ar&u=http://www.faceiraq.com/
rcookie says():HMMM WONDER WHAT THE CHANGE IN SECURITY ALERT STATUS AND INTENSE GREEN ZONE SECURITY IS ALL ABOUT….
rcookie says(5):MAYBE A CONCERT….
wmawhite says to rcookie():Soccer game
chickadee says():O is going there to dance the Tango (lol)
wmawhite says to chickadee():do the way with ISIS…………..
msdiva says():so anyone know who the big wigs are who will be attending the meeting
rcookie says to msdiva():YES
_firefly_ says():Iraq says it’s launched offensive to recapture IS-held Mosul
Published March 24, 2016 Associated Press
tsm says():and president of Iran
rcookie says():OIL DIPS BELOW $40…
Hutch says():Is google a woman? it won’t let you finish your sentence without coming up with other suggestions
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