Dinar Updates

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Rcookie & Member Chat – Excerpts & Highlights

jd says():If Iraq spends all of their reserves in the next 3 months,how does that affect the lifting of the 3 zeros and the value of a RVed currency??
jd says():With the price of oil at 23 dollars,Iraq will be at least 50 billion $ short in their budget this year.  Im a little worried that if Iraq does not RV soon they will be tapped out??

larrykn says():this is the day the Lord has made let us rejoice in it 🙂
jtank says():amen go reval
larrykn says():yes GO RV
jtank says():jd thats the idea they have to reval
larrykn says():I read the news they are talking bankrupcy, thats telling me they are in a hurry
jtank says():reval or bankrupcy do something already
larrykn says():just listen tot he weather report, it looks like I’ll have to put my bathing suit on and go swimming this week 😀
jtank says():seems they sort of are coming out of bankrupcy
jtank says():all these things they are doing are moving them forward to a solvent system
jtank says():just hope they get turned down for future loans
jtank says():any call last night?
larrykn says():they have to repay those loans and the people would not give them those loans if they didn’t think they would get their money back
jeffjane says to larrykn():Let’s not bankrupt. I think that would mean the currency would be reprinted to start over.
jtank says():but giving them loans prolongs the reval
larrykn says():I don’t think it does imo
msdiva says():i tell you what if Iraq continue to drag their feet i just might go with Iran and put Iraq on the back burner :@
larrykn says():it just keeps their head above water
jtank says():and a long time period after that
mudder says():LOL…. GM Folks…. Countries have WAY TO MUCH invested in Iraq for it to go Bankrupt…. Go have some more coffee….lol
msdiva says():mudder GM lol im vamp up enough
designbyg says to msdiva():its iraq….not greece…..they are fine…..just inept 😀
designbyg says():meant for all….
jtank says():how could iran reval any time soon , look at what so called iraq has been going thru
larrykn says():gm mudder didn’t say they were going to go bankrupt but they were talking about it
jtank says():smoke
mudder says to larrykn():It’s all BS
msdiva says to jtank():one never knows with these countries
larrykn says():I agree its smoke
msdiva says to larrykn():probably when the smoke clears they will be singing a new song
larrykn says():I think we will see a lot of smoke prior to RV 🙂
msdiva says to larrykn():its to keep us confused
mudder says to msdiva():We’ve been dowm this road… Wouldn’t look very good iraq going belly while the IMF are calling the shots…lol
rcookie says():GM…
msdiva says():is it that they dont want anyone to know when they revalue
msdiva says():is it some secret
rcookie says():WOW….BANKRUPT..REALLY…COME ON YOU GUYS….
larrykn says():its in the news rcookie just read it, but they were just talking about it not doing it
msdiva says():i think they put this stuff out just to entertain us
larrykn says    Hakim, Iraq refuses to label as “bankrupt the country” and says that in 2016
(adsbygoogle = window.adsbygoogle || []).push({}); Hakim, Iraq refuses to label as “bankrupt the country” and says that in 2016 the “Year of compromises” Iraq and the region
http://www.dinarupdates.com/showthread.php?29008-Hakim-Iraq-refuses-to-label-as-quot-bankrupt-the-country-quot-and-says-that-in-2016
rcookie says to msdiva():THEY HAVE BEEN TALKING AS THEY ALSWAYS DO…LIKE EVERY COUNTRY DOES…ESPECIALLY IN THE MIDDLE EAST COUNTRIES THAT ARE ALMOST ENTIRELY OIL DEPENDENT…..
jtank says():keeps the sales of dinar down and maybe they could buy some back
larrykn says():Twilight News / reject President of the Supreme Islamic Council Ammar al-Hakim, analyzes describing Iraq as “bankrupt the country” due to the financial crisis, which is going through.
Hakim said during a meeting with a number of young people, that “there is a difference between bankruptcy and a lack of liquidity,” pointing out that “Iraq is a country has a lot of potential as suffering from the order of priority.”
larrykn says():He noted at the same time “near the settlements rely on Iraq and the region”, citing the “depletion leaves the conflict and the use of each party for all his papers.”http://www.ara.shafaaq.com
mudder says():IMO when articles come out saying iraq is going bankrupt and people buy into it. Your insulting the people who do all the HARD WORD for this site….
rcookie says():THEY ARE ALL TECHNICALLY BANKRUPTING THEIR COUNTRIES…SAUDIS…UAE…ETC….
HAVENT YOU BEEN LISTENING WHEN WE SHOW YOU HOW WELL IRAQ HAS PERFORMED AGAINST OTHER NEIGHBOR COUNTRIES IN SPITE OF WAR…COMPREHENSIVE REFORMS…RAMPANT CORRUPTION AND LESS DIVERSE ESTABLISHED ECONOMY…
larrykn says():mudder take a chill pill , no one said they were buying into it just saying what was in ink sheeeeeeeee
msdiva says():im sure by evening it will be a toally differ story
Apathy workshop canceled due to lack of interest
jtank says():lol larry
msdiva says to larrykn():maybe they just wanted to ruffle a few feathers today
rcookie says():THEY ARE FIGHTING THE GREATEST WAR ON TERRORISM IN HISTORY OF MANKIND…DECIMATED INFRASTRUCTURE….COMPREHENSIVE REFORMS AT EVERY LEVEL…
RAMPANT CULTURUAL CORRUPTION….AND THEY HAVE KEPT INFLATION AT 2.3%…….AND HAVE 16% BETTER DEFICIT % AGAINST GDP THAN DUBAI…..SAY THAT TO YOURSELF AGAIN…..REPEAT…AGAIN…
rcookie says():DUBAI HAS 38% DEFICIT TO IRAQS 22.8%…..
larrykn says():wow didn’t know it was that high rcookie sounds like Dubai has more problems then Iraq does
kayb says():rcookie – the voice of reason. Thank you!!!
rcookie says():THE SAUDIS TOOK $100 BILLION FROM THEIR RESERVES IN 2015….AND HAVE IMPLEMENTED THE EXACT SAME POLICIES…SALARY LADDER…ELECTRIC AND FUEL SUBSIDY CUTS…
HUGE BUDGET CUTBACKS…AND ARE ABOUT TO PRIVATIZE THEIR BIGGEST OIL COMPANY ARAMACO….
WITH HUGE PRESSURE FROM INT’L INVESTMENT TO DEVALUE THEIR CURRENCY…AND HAVE BEEN WARNED MOCH MORE SEVERELY THAN IRAQ…
larrykn says():rcookie the one thing I don’t understand is why is all these oil produceing countries called OPEC not getting together and refuse to stop pumping so much oil which in a little time would raise the price of oil
rcookie says():NOT TO MENTION….THE BIGGEST INDICATOR OF IRAQS ECONOMIC DISPOSITION…..PLEASE READ THE IMF LETTER OF INTENT…FINANCIAL & ECONOMIC MOU…’
AND TECHNICAL MOU….WICH IS IRAQS REPORT CARD FROM IMF AGAINST TASKS….THEY ARE NOT ONLY PASSING WITH FLYING COLORS…THEY ARE ON THE HONOR ROLL!!!
Caravaggio says():And ahead of schedule.
rcookie says():THERE ARE MANY REPORTS AND OPINIION THAT OPESCS DAYS OF INFLUENCE & MUSCLE ARE SOON TO BE OVER…..
IF YOU THINK THE SAUDIS AND ME COUNRIES ARE SUFFERING…LOOK UP SOME OF THE COMMENTS AND POSITION VENEZUELA IS EXPERIENCING…..
rcookie says():THERE ARE EMERGENCY MEETINGS CALLED FOR EVERY OTHER DAY….
larrykn says():interesting , seems they just can’t all get along together, typical ME
msdiva says(7:56 AM):rcookie you do work hard along with others to bring the news thank you
rcookie says():AND COMMENTARY FROM EVERY COUNTRY TO INCREASE PRODUCTION…WHICH ONLY ADDS TO GLUT…WHICH IS WHY THEY RE IN POSITION TO BEGIN WITH…
larrykn says():yep
rcookie says():CHINAS ECONOMY HAS SLOWED DRAMATICALLY…AND SUPPLIES (INVENTORIES) AR MORE THAN 3 TIMES DEMAND…..
larrykn says():Rcookie I too want to thank you for the hard work that you do in here on a Daily bases, we be lost without you and loop and many others that keep us informed on what is really going on , thank you sir 🙂
rcookie says():THIS VOLATILITY IS WHY THE LEAD-OFF COMMENTARY TO EACH OF THESE COUNRIES FROM IMF…IS TO DIVERSIFY THEIR REVENUE STREAMS AWAY FROM OIL TO GROW GDP….THEY SCREAM THIS BECAUSE OF EXACTLY WHAT WE ARE SEEING….
rcookie says():YVW…
rcookie says():THE BIGGEST NEWS I HAVE SEEN IN A WHILE WAS PUT OUT YESTERDAY…HUGE SIGNS OF ACKNOWLEDGEMENT AND OPINIONS ON CURRENCY VALUE….
larrykn says():I can understand why Iraq wants to get away from just being an Oil revenue country, and are moving more toward a investment and agucature country
rcookie says():EXACTLY…AND REMEMBER 2 OF THOSE COUNTRIES STRUGGLING ALONG…AND MORE THAN IRAQ HAVE THEIR OWN BOURSE AND STOCK MARKET…ALONG WITH ESTABLISHED BUSIESS INFRASTRUCTURE….SAUDI AND DUBAI…
larrykn says():I hate to say it but I’m glad Saudi is having problems they have always been trying to take over everything from everyone and didn’t care how    larrykn says():times are a changing
larrykn says():I guess I’m getting old , I’ve seen many things change over my life time, the 60’s were a big one too
rcookie says():ISNT EVERYONE STOKED TO SEE THAT ASESSMENT FROM ABADIS ECONOMIC AFFAIRS ADVISER..
nick says():rcookie yes very
larrykn says():rcookie wasn’t around yesterday to much what was said or where is it?
rcookie says():THE CBI GOT SMACKED AROUND BY NUMEROUS PEOPLE YESTERDAY…LUMPED UP…
larrykn says():cool, maybe that will put a fire under them 🙂
rcookie says():DID EVERYONE SEE AND DIGEST.
rcookie says to nick():GM NICK!
larrykn says():no I didn’t
rcookie says   LIKE IRAQ IS DOING….IRAN ANNOUNCED YESTERDAY AGREEMENTS WORTH $60 BILLION YESTERDAY WITH CHINA….
rcookie says():DO YOU WANT TO SEE AGAIN..
samson says():  http://news.yahoo.com/iran-buy-114-airbus-planes-week-minister-064053840.html?nf=1
msdiva says to rcookie():would it be wise to invest in Iran or is it a waste just asking is all
rcookie says():Advisor to the prime minister: Central Policy distorted and his insistence on raising the dinar threatens economy
[Baghdad – where]  accused of economic affairs adviser in the prime minister, the central bank following the policy of “distorted, and inconsistent,” the shadow of the financial crisis in the country.
http://www.dinarupdates.com/showthread.php?28985-Central-Policy-distorted-amp-his-insistence-on-raising-the-dinar-threatens-economy-1-23
cookie says():STARTS OFF SMACKING CBI A LITTLE…
rcookie says():  Said Abdul Hussein Al-Anbuge, he told all of Iraq [where], “Carry the CBI large responsibility for the adoption of a distorted and inconsistent monetary policy, the current time, it is an incentive policy,
when the Central Bank lent banks up to 6.5 trillion dinars to support investment in important productive sectors to face the slide about the enormous recession, which has ahead of us, which is true conduct and support, “noting that” this recession Snnzlq him probably caused by a decline in Iraq’s foreign exchange earnings.
rcookie says():  OK…..READ THIS SLOWLY…..
rcookie says():   “He pointed out that the bank” is long overdue to make the exchange rate adapts to the size of the deficit in the public budget, the deficit in the budget great rates exceed 30% of GDP, “he said.”
If he insisted [the central bank] to maintain the high rate of the dinar against the dollar for fear of compromising the Iraqi dinar, the entire Iraqi economy will be threatened, we will put the economy at the top of the sweeping crisis rather than put it in less dangerous angle “.
rcookie says(): CBI IS LONG OVERDUE TO MAKE EXCHANGE RATE ADAPT TO THE SIZE OF DEFICIT IN PUBLIC BUDGET……
rcookie says():NO…MUCH MUCHMORE…
rcookie says():IF THEY CONTINUE TO POSITION DINAR AGAINST DOLLR AT SAME RATE THERE ECONOMY WILL COLLAPSE….
rcookie says(): ACTUALLY ASSIGNING AGAINST BUDGET DEFICIT ANT 30%…
rcookie says(): Anbuge and pointed out that” all countries of the world have sought to ease their exchange rate to maintain its economy, China, for example, lowered repeatedly and even important oil-producing countries has reduced the price of their currencies repeatedly, but Iraq,
it has exhausted the foreign exchange reserves in order to keep the exchange rate of the Iraqi dinar, Otherwise it is possible now with the delays that happened that we could gradual reduction of the price of the dinar exchange management after months maybe we will lose this option and we could not therefore have been forced to leave the dinar prone to float and happens to us a mess.
rcookie says():Otherwise it is possible now with the delays that happened that we could gradual reduction of the price of the dinar exchange management after months maybe we will lose this option and we could not therefore have been forced to leave the dinar prone to float and happens to us a mess.
rcookie says():we could not therefore have been forced to leave the dinar prone to float and happens to us a mess.
CanuckLady says to rcookie():A mess they have
rcookie says():HERE IS PART ABOUT INVESTMENT CLIMATE REALITIES….
larrykn says():rcookie is that saying they could be forced not to float
rcookie says():”He continued,” I Osail CBI How do you ask of investors the real adoption of the feasibility of precise calculations to borrow from the amounts allocated by, and you are at the same time suppressing their competitiveness at the exchange inordinate dinar.
rcookie says():HOW DO YOU LOOK FOR INT’L INVESTMENT…WITH A SUPRESSED NON COMPETITIVE DINAR RATE….
rcookie says():”felt Counselor for Economic Affairs in the Prime Minister said,” This means that we encourage the whales of businessmen to borrow and leak money one way or another again about the trade sector, without having to create a record and the generation of the entry and the face of the recession.
Tex1 says to rcookie():Was wondering why that wasn’t talked about yesterday…sounds important to Me.
larrykn says():he told them 🙂
rcookie says():MONEY NOT STRUCTURED TO STAY INSIDE IRAQ…
larrykn says():that sounded real important to me
larrykn says():like get off your Axx and do this now 🙂
rcookie says():AND THIS IS WHAT HAPPENS AS RESULT…
rcookie says():”He stressed that” to keep the official exchange high dinars with the decline in the amount of foreign exchange in the economy, the price will create a black market for currency inevitably, will grow large speculators layer subsist on it, as it escapes part of the demand on the dollar, a large part of the display to the specific categories of white market toward the black market.
OK GUYS….PLEASE READ THIS SLOWLY….
CanuckLady says to rcookie():oh oh Black Market
rcookie says():”He continued Anbuge” Once again mortgaging this market mafia of speculators “, stressing” We must move quickly to reduce the dinar exchange rate as we move the application of customs tariffs and rates higher than found in customs tariff law to create a profitable opportunity for genuine investors in the productive sectors, and to block the road in front of crises traders.
rcookie says():We must move quickly to reduce the dinar exchange rate as we move the application of customs tariffs and rates higher than found in customs tariff law to create a profitable opportunity for genuine investors in the productive sectors, and to block the road in front of crises traders.
larrykn says():I like that idea
samson says():I’m waiting for my opportunity to profit
rcookie says():THOSE COMENTS & QUOTES ARE FROM ABADIS ECONOMIC AFFAIRS ADVISOR…ABDUL AL-ANBUGE……..
kayb says():Well, put that man ‘in charge’!!
larrykn says():he as great thoughts 🙂
samson says):so exciting rcookie
larrykn says():now if they listen to him maybe we will see what we been waiting on 🙂
rcookie says():SOMEONE IS ACTUALLY LOOKING AT EXCHANGE RATE TO BEING COMMENSURATE WITH SPIRALING BUDGET DEFICIT……
Tex1 says to rcookie():How is the “removing the muliple currencys ” coming along??
rcookie says():”He pointed out that the bank” is long overdue to make the exchange rate adapts to the size of the deficit in the public budget, the deficit in the budget great rates exceed 30% of GDP, “he said.”
If he insisted [the central bank] to maintain the high rate of the dinar against the dollar for fear of compromising the Iraqi dinar, the entire Iraqi economy will be threatened, we will put the economy at the top of the sweeping crisis rather than put it in less dangerous angle “.
rcookie says):STARTED AT 22.8%…ALREADY OVER 30% WITH OIL DIVE…CAN YOU SAY PRESSURE!!!
rcookie says():IF CBI MAINTAINS HIGH RATE OF DINAR AGAINST DOLLAR=DOWNFALL OF IRAQ ECONOMY….
Tex1 says to rcookie():Is the IMF adviseing them also about this.?
rcookie says():THE IMF..WB..& UN ARE MONITORING & OVERSEEING EVERY ECONOMIC & FINANCIAL POLICY AND ACTION…
INCLUDING EXECUTING 2016 BUDGET AND TRANSFER OF POWERS TO THE PROVINCES…..
Tex1 says to rcookie():Wonder why they don’t listen
rcookie says to Tex1():THEY ARE LISTENING…AND IN COMPLIANCE WITH EVERY SINGLE MANDATE TASKED TO THEM..AND DELIVERED MOST EARLY……..
Hutch says to rcookie():A tie in ?
Hakim emphasizes the importance of rethinking banking system  LINK
rcookie says to Hutch):YES…BUT 2 THINGS…REMEBER THIS WEEK WORLD BANK AT DAVOS CONFERENCE COMMITTED TO ASSIST IRAQS RESTRUCTURE OF BANKING SYSTEM….
AND THAT WILL BE PART OF TE PRIVATISATION OF IRAQS 2 STATE BANKS..RASHEED & RAFIDAIN……
Tex1 says to rcookie():If they advised them to change the ” exchange rate” then they are trying to remove the dollar to complete the procedure,,,???
Hutch says to rcookie():ok
rcookie says to Hutch():THEY ARE NOT EFFICIENT…(AND CORRUPT) WITH GENERAL BANKING STANDARDS & PRACTICES….
AND MORE IMPORTANTLY BECAUSE OF THEIR IMMENSE SIZE AND RATIO OF TOTAL BANKING ASSETS….AND SMALL RETURN TO GDP…
ACTUALLY UNDERMINE THE COMMERCIAL & INDUSTRIAL DEVELOPMENT LOAN PROGRAMS WHICH ARE STALLING THE PRIVATE SECTOR PROCESS……
Hutch rcookie: AND SMALL RETURN TO GDP…
rcookie Tex.: THEY ARE…AND HAVE BEEN TRYING TO STABILIZE THE DINAR AGAINST THE DOLLAR WITH THE AUCTION PROGRAM WHICH HAS FAILED MISERABLY BECAUSE OF CORRUPT BANKS IN PROGRAM WITH CBI
AND YET WITH ALL THIS GOING ON HAVE STILL MANAGED TO REALIZE 2.3% INFLATION LEVEL………ASTOUNDING……
rcookie says to Tex1():THE AUCTIONS WILL STOP…..BUT BELIEVE IT OR NOT…THE ENTITIES TRYING TO KEEP TEM GOING…ARE THE CORRUPT WHALES IN PARLIAMENT AND BANKING WHO DONT WANT TO LOSE THEIR MASSIVE CASH COW!!!
rcookie says to Tex1():HOLLYS BANKER FRIEND EVERYDAY GIVES BOOTS ON GROUND INSIGHT TO STREET AUCTION REACTION TO RATES AND IMPACT…
larrykn says():rcookie if the whales are trying to keep the auctions going that might be why we are not seeing them revalue, maybe its time to change a few people out of parliment
rcookie says to Tex1():THEY HAVE BEEN TWEAKING THE RATE…BUT AS YOU READ IN THAT REPORT…
THEY ARE FINALLY CALLING TO ALIGN RATES TO FACTOR IN THE BALOONING BUDGET DEFICIT WHICH THEY SAY IS NOW OVER 30% AND GROWING DAILY….
rcookie says to larrykn():GREAT POINT LARRY….WHICH MAY EXPLAIN THE MASSIVE….MASSIVE…NES OF MAJOR CABINET RESHUFFLE OF BIG NA ES YESTERDAY….
rcookie says to larrykn():NEWS*
larrykn says():there had to be a reason for that to take place and this news imo is why
rcookie says to larrykn():THIS IS THE ABADI CABINET RESHUFFLE….DA58 TRANSLATED LAST NIGHT…
Horsegal says():woohoo
rcookie says to larrykn():http://translate.googleusercontent.c…yFtGPAcdJo9J9Q LINK
rcookie says to larrykn():WAIT TILL YOU SEE THOSE NAMES AND CABINET POSITIONS….
LLN65 says to rcookie():good morning!! We appreciate all you do!! (F)
Horsegal says():Ditto LL65
Horsegal says():So, this could speed up the RV?
monique13 says():wow!
larrykn says():rcookie just read that, I see some of those people were in Maliki cabnet too mmmm
Tex1 says to rcookie():Thanks for clarification…keep it coming.
rcookie says to larrykn():HOW ABOUT ZEBARI AND JAAFARI……
rcookie says to larrykn():WOW!!
larrykn says():really wow
rcookie says to larrykn():NEW INTEGRITY CHAIRMAN COMING…..
larrykn says():they are not messing around now
FatherofThunder says():that is huge!
Horsegal says():Do these replacements start immediately?
rcookie says to larrykn):DOESNT SAY…AND THAT WAS FROM LAST IGHT AND WAS ONLY SOURCE…LIKE TO GET SOME OTHER THIS MORNING….
Horsegal says():Really exciting!!
larrykn says():I would think they will waste no time on replacing them , matter of days
Horsegal says():Sure hope so 🙂
rcookie says to larrykn():YOU KNOW THAT ABADI AND CARTER MADE JOINT STATEMENT THAT US FORCES BOOTS ON THE GROUND IN MOSUL AND RAQQA LIBERATION……….
Horsegal says():woohoo
larrykn says():really didn’t see that , us boots?
larrykn says():I didn’t think Obama would do that but then he did put some 5000 troops over here
wiley says():Did anyone see Joel Osteen this morning ? He was talking about ACCELERATION–AMOS 9:13
da58 says():no, was watching legarde on bloomberg..
rcookie says(9):IRAQ ASKING US & COALITIIN NATIONS TO TRAIN THEIR POLICE FORCE…
rcookie says():ZEBARI HOSTING PRESIDENT OF SHELL OIL DISCUSSING FOREIGN DUES TO OIL COMPANIES AND INDUSTRY DEVELOPMENT & INVESTMENT ACTIVITIES….
rcookie says(ABADI APPROVED LARGE ALLOCATION TO REPAIR MOSUL DAM…ALREADY BEING GUARDED & PROTECTED BY US AND ITALIAN FORCES……
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