Excerpts & Highlights
wmawhite says(): Folks,…..see if this helps concerning the “cards”. If you are buying something within the USA using any type of bank card do you or the bank care what the value of the USD is in relation to (let’s say) to the EURO?
No, because you know, as well as the bank knows, that your dollar is the same value as what the merchant wants in change for their product within the USA.
However, if you are using your card to purchase something outside of the USA you would then want to know what the difference is between your dollars on your card and the value of the Euro (if the item you are purchasing outside the USA is in Euros.).
clay says to eman4u55(): omg what an upset
clay says to wmawhite(): agree so will the cards then have a reality rate outside Iraq
larrykn says(): wmawhite thats right but the thing I don’t know is are they loading the cards for people outside of Iraq that lives in another country
eman4u55 says to clay(): lets hear it for human growth hormone 😀
clay says to eman4u55(): lol
clay says to eman4u55(): yeah right
wmawhite says(): Using this as an example, when the cards inside of Iraq are “loaded” in IQD it does not make any difference what the value of the IQD is IF the cards are being used solely inside Iraq.
clay says to wmawhite(): but is that what they are for only inside
wmawhite says to larrykn(): Correct,…..and that is what we are expecting within the 1st half of 2016……
clay says to wmawhite(): oh ok thanks
larrykn says(): wmawhite what I just read on MD post from last night I think we can narrow that down to the end of Feb, which she brought the ink in that shows that
clay says to wmawhite(): Millionday: SO THIS IS VERY INTERESTING BECAUSE THIS IS FEB 2016 AND THEY ARE TO REMOVE ALL DISTORTIONS OF THE EXCHANGE RATE AND ALSO ADOPT ALL INTERNATIONAL COMPLIANCE
Millionday: MAKE SENSE BIGRUDIE? THESE REPORTS ARE PROBABLY IMO WHY SOME ARE SAYING THAT IT IS CLOSE
Millionday: WHOOPOW
clay says to wmawhite(): Millionday: IT MEANS THAT THE RATE THEY HAVE IS DISTORTED AND THE CALCULATION FOR GLOBAL PRICING INDEX WOULD HAVE TO DONE —
ACCORDING TO MACRO-ECONOMICS AND TO PRODUCE FAIR TRADE WITH THE WTO AND THE GLOBE THEY NEED TO HAVE A PRICE AND CURRENCY RATE THAT WOULD PRODUCE THE ACTUAL VALUE OF THE DINAR (THE PRICE OF THE DINAR)TO BE DONE
clay says to wmawhite(): end
larrykn says(8): I love that 🙂
clay01 says to wmawhite(): I took it that the cards were to be sent to their people outside of Iraq also, is that wrong,
clay says to clay01(): that was my feeling and inside
clay01 says to wmawhite(): If the cards can only be used inside of Iraq, then the issuance of the cards is a mute point for us, means nothing to us, just a different way to pay their people their moneies
fbpcm says to clay01(): Exactly
wmawhite says(): Folks,…………….rcookie and I went to great lengths trying to explain what the issue is with February………let me try again.
larrykn says(): clayo1 my ? is are they going to load the cards for the people outside of Iraq too
clay01 says to larrykn(): don’t know
larrykn says(): that is the millon dollar question 🙂
clay01 says to larrykn(): Exactly
wmawhite says(): The IMF, GOI, CBI stated that the government was going to do certain things and in the mid time/by the end of February 2016 two items would be accomplished.
clay says to fbpcm(): it sure hass great to see ya hope all is well
fbpcm says(): I try not to say much because I dont want it taken wrong 🙂
clay says to fbpcm():where i FL are ya thinkin of moving if this RV ever happens soon
fbpcm says(): Was in a bad car accident but back on my feet
clay says to fbpcm(): nah anything you say is cool
clay says to fbpcm(): oh good to hear glad you r better
wmawhite says(): This Technical LoI/MoU was written in November 2015 and published in December……..well by the time we saw it…..those two items to be accomplished by the end of February HAD already be completed.
fbpcm says(8:44 AM): LOL I live in Florida and want out
clay says to fbpcm(): do ya y
wmawhite says(8:44 AM): They were the Investment Law and the AML Law.
clay01 says to wmawhite(): ok
clay01 says to wmawhite(): and other things have also been accomplished as well, they are ahead of the April deadlines too.
fbpcm says): I live in Kissimmee and its crazy here
scarby says to wmawhite(): Which means for Iraq? and for us? sorry still trying to understand
fbpcm says(): All the gang bangers moved here from NY and the crime rate has hit the roof
clay says to fbpcm(): oh ok what about other parts of FL
clay says to fbpcm(): wow
clay says to fbpcm): where do you want to go
fbpcm says(): West coast is nice by sarasota and Clearwater
clay says to fbpcm(): love Clearwater
fbpcm says(): Lookin at Tenn
clay says to fbpcm): nice there too
wmawhite says(): The items MD is referring to was stated this way………”the GOI will remove all remaining exchange rate distortions and move away from the MCPs AND in the meantime, by the end of February 2016, accomplish the Investment Law and the AML Law.
clay says to fbpcm(): like Asheville NC here
fbpcm says(): yes in the mountains by Gatlinburg
fbpcm says(): Yes nice
subgirl says to wmawhite(): can you tell me what month starts the second half of the year?
fbpcm says(): want to see the 4 seasons again
clay says to fbpcm(): very nice there
fbpcm says(8:47 AM): July
subgirl says to wmawhite(): for Iraq 🙂
scarby says to wmawhite(): ty
clay says to fbpcm(): lots of traffic though due to tourists
wmawhite says(): I guess we can continue discussing cookie receipes…..
fbpcm says(): LOL well I do live by the Big Rat so I am used to that
subgirl says to wmawhite(): no please continue! 🙂
scarby says to wmawhite(): yes PLEASE keep going
clay says to wmawhite(): Im following you
Woodywoodpecker says(): yes please…..
sagecanyon8 says(): Please keep going wmawhite…some of us are listening
patti says(): we are listening
clay01 says to wmawhite(): GOI…….will remove all remaining exchange rate distortions, which means that the current rate is distorted, and has to be changed, Yes
wmawhite says(): The point is that the CBI and GOI are ahead of what the IMF has agreed with them to accomplish.
Holly1 says to wmawhite(): (y)
joyojoy says(): so MD, Wma and Rcookie are in agreement?
wmawhite says to clay01(): I understand what the exchange rate restrictions are and the MCPs…..but, I am not sure what the distortions are.
wmawhite says to joyojoy(): It doesn’t appear so.
clay says to wmawhite(): artificial rate imposed no?
larrykn says(): wouldn’t that be the artifical rate ?
clay says to larrykn(8:52 AM): lol
larrykn says(): great minds think alike 😀
clay says to larrykn(): yep
clay01 says to wmawhite(): It was in your post a few minutes ago, I assume it means they need to change their rate, is how I take it
wmawhite says to larrykn(): Could be……..with out any doubt the current buy/sell values of the IQDdo not reflect the true value of the IQD.
sagecanyon8 says to wmawhite(): when you used to list the exchange rates of the middle east countries…shows iraq at .0009 or something…so very distorted?
clay01 says to wmawhite(): IMF quote said distortions, not restrictions
wmawhite says to clay01(): Everything in that document explains perfectly how Iraq is moving to enter the markets…….and the IMF is dedicated to the true value of country’s currencies………and 1182 is not the true value of the IQD.
fbpcm says to wmawhite(): Question for you, so with all of the very positive news and accomplishments in Iraq, What are we waiting on? Bottom line……
clay01 says to wmawhite(): correct,
wmawhite says to sagecanyon8():
1 Egyptian Pound = $0.13
1 Jordanian Dinar = $1.41
1 Qatar Riyal = $0.27
1 Bahraini Dinar $2.65
1 Israeli Shekel = $0.26
1 Saudi Riyal = $0.27
1 United Arab Emirates Dirham = $0.27
1 Omani Riyal = $2.59
1 Kuwaiti Dinar = $3.31
1 Iraqi dinar $0.00085
wmawhite says to fbpcm(): I am waiting on Iraq to enter the markets during the 1st half of 2016.
subgirl says to wmawhite(): (y) thank you 🙂
Holly1 says(): If anyone knows how to get of rcookie … I would like him here before i bring the post in regarding dollar and Iraq dinar 🙂
clay01 says to wmawhite(): Ok, so you are not calling a date or a rate, fair enough :)(y)
Holly1 says to wmawhite(): (F)
fbpcm says to wmawhite(): So we are thinking by end of June? and Ty
scarby says to wmawhite(): Is the first half like the calendar year or a physcal year which is different
sagecanyon8 says to wmawhite(): THANK YOU SO MUCH!! YOU ARE SUCH A BLESSING TO US!!
scarby says to wmawhite(): just noticed fiscal not what I put hahaha
wmawhite says to fbpcm): I believe the IMF and the WB know more about Iraq than the Iraqis…………and never before has the IMF stated very clearly what their expectations are for Iraq….and they did it ……and then they followed up with two documents outlining step by step as to what is being accomplished…………
wmawhite says to sagecanyon8(): yw
fbpcm says to wmawhite(): Thank you….been waiting over 8 years guess we can wait a little more 🙂
wmawhite says): Previously,……..and sadly so, we were dependent upon Tony’s and Franks for information that was 99.99999999999999% nonsense. Today, the folks that know have provided the world with accurate information…………..
wmawhite says(): and yoou may ask, why? Why provide the world with this information. It is suppose to be a big secret. Wrong. Iraq is wanting the world to know. They want the wolrld to come to Iraq. There is no secret. The challenge is understand want you are given.
wmawhite says(): understanding
wmawhite says): BBL
subgirl says to wmawhite(): thank you so much!! 🙂 very good!
subgirl says to wmawhite(): always thot that it was a BIG secret! iraq did not want the world to know when they are going to revalue… WOW!
1glen says(): I jsut got here and the tail end of wmawhites comments. Can anyone enlighten me?
subgirl says to 1glen(): [] wmawhite clay01: Everything in that document explains perfectly how Iraq is moving to enter the markets…….and the IMF is dedicated to the true value of country’s currencies………and 1182 is not the true value of the IQD.
clay says to 1glen(): still no date
subgirl says to 1glen(): ] wmawhite sagecanyon8:
1 Egyptian Pound = $0.13
1 Jordanian Dinar = $1.41
1 Qatar Riyal = $0.27
1 Bahraini Dinar $2.65
1 Israeli Shekel = $0.26
1 Saudi Riyal = $0.27
1 United Arab Emirates Dirham = $0.27
1 Omani Riyal = $2.59
1 Kuwaiti Dinar = $3.31
1 Iraqi Dinar $0.00085
clay says to 1glen(): by first 1/2 of 2016
subgirl says to 1glen(): notice Iraq’s rate?
larrykn says(): clay I’m still saying by the end of this month
subgirl says to 1glen(): [] wmawhite BobG: I believe the IMF and the WB know more about Iraq than the Iraqis…………and never before has the IMF stated very clearly what their expectations are for Iraq….and they did it ……and then they followed up with two documents outlining step by step as to what is being accomplished…………
clay says to larrykn(): sure praying for that miracle
subgirl says to 1glen(): ] wmawhite: and yoou may ask, why? Why provide the world with this information. It is suppose to be a big secret. Wrong. Iraq is wanting the world to know. They want the wolrld to come to Iraq. There is no secret. The challenge is understand want you are given.
subgirl says to 1glen(): 🙂 its saying so what md brought in, that is why I’m saying it, like wmawhite said Iraq is not hidden anything
1glen says(): Thanks much ! The thing I do not understand is how they can release the smart cards, which thedy have said can be used anywhere, and not have an international rate.
clay says to 1glen(): Im with you GM 🙂
thomas1 says(): then we have 61 more days so in 111 day we will know who telling the truth here so relax 😀
tman23 says(): The Governor of Erbil, capital of Kurdistan region Iraq nozad Hadi, on Saturday, to conduct a comprehensive review of market prices and reduced allowances for rental housing and shops.
Hadi said at a press conference in Arbil province decided to establish a number of committees to review market prices and rental housing, shops and all other sectors to conduct research and consulting with stakeholders and then make decisions in this regard.
He added that the financial crisis affecting the region has affected all members of society, so you should work on lowering prices in parallel between property owners and sellers.
He said they had taxation departments by providing them with sufficient information on leases, stressing that leases and commercial role as in the past.
Property owners also emphasized the current difficult circumstances and they must reduce the prices of goods and commodities and reduce the proportion of the profit margin, stressing that the seller cut prices.
clay says to thomas1): wish I could
mudder says to thomas1(): Whats 61 days???
clay says to mudder(): 1st quarter
mudder says to clay(): duh…. Need more coffee….lol
clay says to mudder(): lol GM 🙂
thomas1 says(): by then it will be done and we will be at the bank or we will be listening to more excuse why it did not happen and it coming …. hey 2012 it was done ,last end april is was here and dec 31 yep a very merry holiday so there .. when it happens i will be happy and surprise that is all i know
subgirl says() Holly is bringing in some news for us from the iraqi citizens if you will please wait til she is done to chat ok? 🙂 I sure appreciate everyone’s patience while she brings in some news for us!! 🙂
clay says to subgirl(): you got it
tman23 says(): Kurds are paying 50% and less in salaries…….others are on “welfare” while others simply have no income……… They have formed committees’ to begin adusting the market prices in Kurdistan…….”this is store prices, products on the shelf, and rent…….
thomas1 says(): remember chattels said 2017 to 2018 so the is a real outside back wall for this to be done .lol
clay says to tman23(): (y)
clay says to tman23(): those poor people need a break
Holly1 says(): GM,,, everyone … here is some news ….. about the Dinar ….. (F)
Holly1 says(): subby can you please make sure rcookie gets this 🙂
subgirl says to Holly1(): yes I will try 🙂
Holly1 says(): ty.(F)
subgirl says to Holly1(): YVW 🙂 (F)
Holly1 says(): ok let me grab it
thomas1 says(): i am just hoping the cards got loaded
Holly1 says(): Abeche today Dollar Iraqi Dinar
Holly1 says(): Reducing the value of the Iraqi dinar)
larrykn says(): thomas1 the card might have nothing to do with us
Holly1 says(): Hello despite the fact that the monetary policy pursued by the central bank marred some question marks but the central succeeded in maintaining the relative stability of the dinar against the dollar for many years, and these points are calculated to him (despite the existence of irregularities and mistakes)
thomas1 says(): why did millionday say it so important then
Holly1 says(): Unfortunately insists some it demands that constantly reduce the value of the dinar One of them calls for reducing the value to 1,500 and the other 2,000 to the dollar under the pretext of passion and fear on the reserve of hard currency friends devaluation of the dinar have serious repercussions and this a For not easy
thomas1 says(): i really did not get that either
Holly1 says(): should I stop?
larrykn says(): if they only load them in country that would do nothing for us if it loaded for those that are out of country too then thats a different story
Woodywoodpecker says(): no
Baxter1243 says(): no…
larrykn says(): sorry Holly1
subgirl says to Holly1(): no keep going… please hold conversation til holly gets done ok? 🙂 thanks!
Loopback says to thomas1(): Please respect Holly1
Holly1 says(): yes might win those who have some dollars on a temporary basis, but most community Sasiba damage Every low-income owners and their employees and retirees will lose a lot of their purchasing power, what can buy it today Monthly Bmdechlh will not be able to buy half of it if it was the devaluation of the dinar
thomas1 says(): ecuse me what have to not repect holly
Holly1 says(): my friends instead we demand the central cut the value of the dinar we have to ask him the support of industrial and agricultural projects, we are also strong for the advancement of these two important sectors in support of the Iraqi economy and reduce dependence on oil imports and to diversify domestic sources of income
thomas1 says(): oh sorry
Risk says(): Regarding the “MOU”, I believe the weak link in that agreement is Iraq. They have to fulfill their obligations under that agreement. As of January their ahead of schedule, however will Iraq continue to check the IMF boxes under that agreement….IMO that’s where the liability is..
Holly1 says(): from calls for reducing the value of the dinar that he should not forget that there are hundreds of thousands of people but no income social welfare benefits or assistance to be provided to them here and there, especially people living an exceptional situation Millions displaced and are displaced from their home areas voluntarily or involuntarily in short the devaluation of the dinar in these circumstances is the process of starving for many classes of people ask God to lift us this sorrow and fit our situation to well done
Holly1 says(): Ali al-Saadi
With pride for your character Karim enlightened but put so many agree with you and for various reasons, including the public interest and not their own
Holly1 says(): Abeche today Dollar Iraqi Dinar
God bless you, professor Ali roses brother, the public interest is possible to be realized investment reserve in the renaissance of industrial Zaih and the reduction of very excessive import operations Attratna Bm’rourk
Holly1 says(): Ali al-Saadi
God salutes Aalgala … Everyone knows that the dollar is also called hard currency, including its meaning elusive, but in Iraq, contrary ..
I agree with you that the rise of the country agriculturally and industrially and this does not need dollars because it is an internal subject depends on the Iraqi individual and the high value of the dollar health condition to promote gross domestic product to meet the importer
Holly1 says(): Abeche today Dollar Iraqi Dinar
Professor Ali the way I am against supporting the dinar this way if you’re in the position of the reduced value of the dinar to 2,500 per dollar but the difference so Aaqrar should be taken in good conditions, for example in 2010 when there was a glut of imports and the state can support the citizen but in such circumstances, I think the reduction is Saeb .. accept the assurances of my highest and appreciation to your character upscale
Holly1 says(): Ali al-Saadi
You are the worthy of praise and appreciation for what they offer and play daily urges raises are important, accurate and higher your concern to your country, my Sharif ….
lifted the dollar as many positive health aspects of the country and the people are also more of it negative long talk where …. handed long as your page generous
Holly1 says(): Garlic Abass
If the bank has become a selling role thousand dinars to the dollar what your forecast in this and did not intervene in any whales Policy
Holly1 says(): Abeche today Dollar Iraqi Dinar
Contrary to what my brother talk him kindly claims there Baaa dollar higher than the current price either if it was sold a thousand means the central suicides
Holly1 says(): Hussain Faik
Haji ..mhklt problems … all the people from doing Hajj and spare Tsolv dollar .. to operate me and to my promise to fill our currency ..uavenh Aloutnah..lish KIT seventies .walosmaninat.ako dollars ..bs strong Danarena
Holly1 says(): Abeche today Dollar Iraqi Dinar
When you have a real economy based on industry, agriculture, tourism and investments in addition to the oil and the stability in the exchange rate will go all the people of the dinar
Holly1 says(): Abbas Ibrahimi Knawa
Haji If this procedure is my benefit for Maver to lead the country and if they become me what becomes Yamuzv Aamutn
Holly1 says(): Abeche today Dollar Iraqi Dinar
Mafias in all cases ravage the destiny of the people
Holly1 says(): Abbas M Alallaq
Became 13 years Mdamo agriculture and industry with whether you want two months Khlinh Amaud
Holly1 says(): Abeche today Dollar Iraqi Dinar
Because they Chgllona sectarianism and left them playing with all these years imbalance of us, we elected
Holly1 says(): Mudher Alhamdanee
I was and paint out, but we are facing two options bitter … There are people I want singled out the value of the dinar to Astfedo have the sums of the dollar does not care about the other classes of people … and the second public auction sale of stolen … one person has jokes transfer from the Central Bank of 3 million $ buyer acid sweet Wayne Waco Haig Shi
Holly1 says(): Dlshad morsels
Direct selling of the dollar and not by the mediator who Astved 3% in each sale of any daily doubles his fortune in the 40 days of this scam and monument
Holly1 says(): Mukdad Mukdadna
The word is very true.
The solution is to run and activate revenue from non-oil .. with the corrupt accountable and recover money from them.
Holly1 says(): Ali Abbas
Well done the words of true public interest by special in these things because they affect millions of families
Holly1 says(): Cork Cork
Haji dollar Iraq cheap Menkdr Ansna if disdainful value of the dollar because Ishii Legge from abroad cheaper than the national industry in brackets if you find there’s an industry ultimately expect the Iraqi dinar sad end
Holly1 says(): Ahmed Modher
Easy Increase tax so it is stepping up foreign products, prices and availability of money the state
Holly1 says(): Yousif Alyasri
God bless Beck This is patriotism away from personal interests of all your publications in the interest of every citizen Muwafaqiya you and this page Abeche high dollar on the Iraqi dinar
Holly1 says(): Lacoste Samer
My dear the best solution in the current situation is the devaluation of the dinar to avoid the next economic collapse in light of the collapse of oil prices,
secondly who claimed severely compromised as a result of the reduction are traders and educated materially temporary damage to the process of reducing the dinar necessary accompanied by currency printing andPumped into the market and Hai process is called quantitative easing
Holly1 says(): reduce the value of the dinar is printed and pumped his market the result of import becomes very costly encourage the domestic industry increased employment opportunities and improving the dinar develop gradually over a few years and if you have a better solution. I hope I hear from the Holy Jnabkm
Holly1 says(): Ayad Alsaffar
God Haji important topic, and as long as we Iraqis Fiqimtna of the value of our currency and I am surprised that many of the Brotherhood rejoice and seek as kindly claim to reduce the value of the dinar ..baeks God whenever the dollar came down we feel that things are where hope must give precedence to the interests of the country and the majority of personal interests ..
Holly1 says(): Abu Ahmad
Actually the words of a logical and accurate and, unfortunately, there are accounts of the same on a large segment of low-income people and the cause of the destruction of the country from the owners of weak souls climbed over government positions and exploited and plundered the country and its people
Holly1 says(): Council Alani
God bless you on such feelings These are just a Muslim sincere feelings (who does not care about the Muslims is not one of them), but they think is located within the hopes built a circle on false foundations if there were economic policies are correct for our venture capitalists go to, whether plants or investment fields profitable trades but the bitter reality of the market pushed them to follow the easy and non-tiring methods in the search for my brother Alarabah.thiati
Holly1 says(): Baghdad Baghdad
Yes, the devaluation of the dinar will be born Tzkhm in the market and its impact on the strata of society. The best solutions to control the central bank auction and organized and Kmalk industry support agriculture tourism
Holly1 says(): Alshigagi AL-Husseini
Well done, my dear brother, but the bank auction of public theft of mafias and weaken others, the state of hard currency, the solution is that the distribution of salaries in dollars and thus value of the dollar goes down because the supply is more than demand and the need of the market and this situation will keep boiling central bank reserves and at the same time deny the mafias of currency smuggling
Holly1 says(): Ahmed Rasheed
True words ..oatvq ..ohnak with you some of the details ..oha employees’ salaries. .oana One of them. There is a reduction in the salaries of employees by 30%, which is ..lm operating expenses affect the market also influenced investment expenditure for large projects and Alsgarh..ola play a clear role in the movement of the market …
It isHere we conclude that most of the investment projects marred by corruption ..olo there was a law prohibiting the contracting authority from the referral of contracting a third party to shut a major section of the corruption and Huda hard currency
Holly1 says(): Terry Kamil
My dear and good intentions are not enough to build the economy, support the industrial and agricultural sector needs a capital Kai Trading We are currently lacking for it and we are not able to repay the money to the basics of example of this in order to open shop may invest in advance 100 000 dollars to win a year at the beginning of your trading to $ 10
Holly1 says(): Syed Ahmed Younis
Haji logical words and I What do you think the free market and the adoption of the dollar supply and demand without central intervention only when a significant imbalance in the exchange rate to prevent the great height and the elimination of speculators Hawa … With thanks and appreciation
Holly1 says(): Hassan Sabri
Haji Henw above the central bank auction ??? Waco Haig auction neighboring countries ?? … Central Bank has rejected calls to cancel the auction under the pretext of its impact on the value of the Iraqi dinar. .
Holly1 says(): Hassanein Al-Karim Rammahi
Hello dear our teacher .. I think that most of the countries that have self-sufficiency, the currency is weak, for example, Japan, China and Iran … Greetings
Holly1 says(): Yasir Khalid Albayatti
The solution is to refrain from buying dollars and Iraqi dinars handle all transactions to increase the demand for buying the Iraqi dinar and the dollar depreciates the other hand you know that when demand for a commodity increases as the price rises, and when demand falls, the price drops.
When discriminateBy a number wishing to buy goods on the number wishing to sell their price will rise and when the number wishing to sell a commodity than the number who want to buy them will drop their price. This is what the law of supply and demand, called Supply and Demand.
This law applies to the currency as it applies to anything else. If the number wanting to buy a currency more than the number of sellers, the price of the
Holly1 says(): currency rises. If the number wishing to sell a currency more than the number of buyers, the price of the currency decline.
For example: If you go to the cashier and asked him about the price of the dollar against the Iraqi dinar and the answer is that the dollar = 1,350 Iraqi dinars.
In other words, you are required to pay in 1350 for one dollar. But if there were a lot of people want to buy the dollar, the price will rise and will reach 1360 dinars and then to 1370 and then to 1400 Iraqi dinars, and the greater the number of people who want increased pay dinar for dollars higher the price of the dollar against the dinar.
Holly1 says(): What does it mean high dollar rate against dinar? This means that you will be required to pay a greater range of dinar for dollars. This means that the dollar rises and the dinar declines interview.
Remember: high currency rate is reduced to the price of the currency that matched.
The low currency rate is high for the price of the currency that matched.
So remember always ..
When was the dollar = 1350 means that we are required to pay 1350 dinars for one dollar.
when it became dollar = 1400 Iraqi dinars, meaning that we are required to pay a greater range of dinar for one dollar.
this means that the dollar rose against the dinar, or that the price of the dinar dropped against the dollar. This means that the dollar has become more precious than before and that the dinar became Obouks before.
When the dollar = price of 1350 dinars, meaning that we Mtabann pay 1350 dinars for one dollar and when the dollar = 1000 dinars, meaning that we are required to pay km less than the dinar
Holly1 says(): 1350 Dinars for one dollar.
When the dollar rate = 1000 Dinars meaning that we pay how much less dinar for one dollar.
tman23 says(): Facts being……Iraq lacks infastructure and that in itself is the drag on “the market economy” being the immediate “hot fix” to Iraq’s problems.
Facts being….Kurdistan region is working on reducing prices to meet the citizens incomes since salary cuts have been anywhere from 30%-80% and many not receiving any salary…….
Fact being…. The GOI does not have the revenue from oil to meet even the “skeleton budget” for 2016 AND Abadi has already made statements of what/who will not be paid in that budget (so much for “law”).
Fact is at one point the GOI had the IQD in the 2016 budget at a devaluation of 1500 -1, which was met with great resistance……
Fact is…..The CBI stated that they may cover Iraq for 6 months at which point the reserves could possibly fall to 35 billion and then the devaluation of the IQD would be require @1500 -1…. During this 6 months they will attempt bond sales, external borrowing, and work on building the economy…..
.
clay01 says to tman23(): Tman, when your car battery is down, you have to have a jump start to get it going again, if you continue to run the radio and wipers and everything just like you have been, then you will never get the car started again, Iraq’s battery needs a jump start
thomas1 says(): OK i read holly post can someone help me here how is that for us ? i thought we 1 to 1 correct . please i just need some help me understand .
clay01 says to tman23(): they may go to 1500 to 1, and they will get worse off, time will tell, if they want to get their economy going, they have to do something different
dorisjean says(): We still can see the indecisivness of the CBI to rid itself of the auctions. Why? Are they afraid of loosing out of the self liquidity of its members? The loss of living like kings is hard to swallow. TMAN23 they ARE refusing to do anything different, otherwise we would not be here. lol
clay01 says to thomas1(): It is a fight right now for the soul of Iraq, as BGG once said, we are waiting to see which side wins the fight, a lot of people in Iraq don’t want change because they are living off the misery of others
Tex1 says to subgirl(): Thanks ,,,, sure has been some lively stuff lately,,,, Yahoo
subgirl says to clay01(Whisper message)(10:11 AM): very nice 🙂 thank you… was not sure how to answer him??
tman23 says to clay01(): The possibility of 1500 – 1 exists and at that point it will be a disaster for the sitting GOI…….
subgirl says to Tex1(): oh my yes there sure has!!! 🙂 much news will and has been coming thruout this week!!
tman23 says(): Iraqi Prime Minister Haider al-Abadi has clearly declared that his government will not send the Kurdish Peshmerga forces’ budget.
In a meeting with the parliamentary committee for defence and security affairs on Sunday, Abadi and Iraqi MPs discussed the security and financial crisis in the country as well as the liberation of Mosul from the Islamic State (IS).
Regarding the Peshmerga, Abadi openly said that the Iraqi federal government will not be sending Peshmerga’s budget, and Kurds will not receive any high position in the Iraqi army again, said Kurdish MP Shakhawan Abdullah, who attended the meeting with the PM.
Additionally, according to the Iraqi constitution, Kurds take 17% share of the military positions in the Iraqi army; but Kurdish officials claim they have been granted with less than 2% which are not key positions neither.
clay says to Tex1():hey bud
clay01 says to tman23(): At least for Abadi group, he will get the blame, and then we get another Maliki
dorisjean says(): Don’t be suprised to be sitting here in March or May wondering what happened. I hope not, but that is a reality.
Tex1 says to clay(): Hey Mr. Clay,,,, great news lately,,,
clay says to dorisjean(): sadly I agree GM
dorisjean says(): Yes, I am still hanging around lol\
thomas1 says(): yes i am starting to think we all need to stop drinking the kool aid out of iraq and abadi pitcher .
wmawhite says(): I can not believe 12 hours after the Super Bowl is over that there are still drunks in the stands. WOW
luvmydream says to wmawhite(): lmbo
scarby says to clay(): I also agree, I am going to wait till June 31st, then I will do what I always do and sit back and enjoy my life for the rest of the year.
thomas1 says(): look they been fighting over there for years .. i am saying if the first week of march we are not at the bank selling our dinar at 1 to 1 or better or we are selling our dinar at for every 100,000.00 $66.00 usd we tell how this is going … 😀
wmawhite says to thomas1(): PLEASE…..PLEASE….tell about the kool aid……please describe it to me.
clay says to scarby(): yep me too
tman23 says(): AND……So goes the the 17% according to the Iraq Constitution…….AND Abadi saying NO……..AND where is the world is Zebari, the GOI appointed Finance Minister who is a Kurd…..
The sitting Finance Minister took leave ?? In the middle of financial crisis AND in the middle of a “changing value of Iraqi Currency”….. Does that make any sense ????? Remember……
Zebari was the man who was sitting at the table in Kuwait with Shabibi…… And Zebari was the man who was in every meeting with the IMF…….. No Kurds attending Parliment, and where is the Kurd Minister of Finance ????
luvmydream says(): the info that Holly just brought in is a Facebook conversasion between an Iraqi banker and his subscribers. The banker is explaining that lowering the value of the dinar will hurt many people. This is not an official
lay says to tman23(): good questions
wmawhite says(): And none of this has anything with the work that the CBI, GOI and IMF are accomplishing so that Iraq will enter the economy market during the 1st half of 2016.
Baxter1243 says(June 30th is it for me…… they had better perform….
clay says to jeffusa(): yes (lol)
Baxter1243 says(): I have about had it…
clay says to Baxter1243(): me too
thomas1 says(): what the the GOI keep feeding us and the people .. there 4 doctors that own a office here in ft lauderdale (by the way the are the best ).. the all are from there . i go in every two week to have my heart check . my brother and his brother always ask how is your dinar and are you rich yet ??
i tell them all the news and they look at each other and shake both heads .. they look it is no better then it was under hussin at lease he was able to control the area ..
they both said we talk to our few people over weekly and you american keep dreaming . I show them both imf stuff and told them i know this going happen .both look at we hope so ,but do not count on and do not have a other heart attack over .lol
wmawhite says to thomas1(): And none of this has anything with the work that the CBI, GOI and IMF are accomplishing so that Iraq will enter the economy market during the 1st half of 2016
wmawhite says(): Folks,…..remember the saying about “price of eggs in India”?
thomas1 says(): look it not the imf it the goi and cbi .. no one can make them do anything … the people that live there think they are full it .. like my doctor said no one tell my people what to do facts and truth .. he said we hope ,but it is what it is and that why we are not there and most that can leave do leave Mr watson
kayb says(): No. What is the price of eggs in India? I can’t wait to hear this!!
kayb says(): Mr. White: Please, don’t leave me in suspense. I have to know what the price of eggs in India has to do with dinar!! 🙂
jimplants says(): i am amazed how the mood of this place can change on a article you know ahead of time what people will bring you have bought into this now man up or get out do your research and decide who you are going with myself the IMF UN AND WORLD BAND POLITICIALS ARE LIARS S WELL AS MOSR IF NOT ALL GURUS
wmawhite says to thomas1(): Read the Technical Letter of Intent and MoU…..read the entire document………..read all of it and then maybe you will understand that there is an agreement in place between the CBI, GOI and IMF to accomplish items that will lead to Iraq entering the markets….and furthermore, everyday we see those items being accomplished.
jimplants says(): WORLD BANK
wmawhite says to kayb(): Obviously,…….the price of those eggs will determine the value of the IQD…..
luvmydream says(): auction down to 114mil that’s like half from a few weeks ago
Holly1 says(): IMO… what dollar and Iraq dinar … is saying that the devalue of the dinar cannot happenn….. the comments are from peeps that read and post on his site just like us ….ALL OPINIONS………. RCOOKIE YAY YOU ARE HERE ….. (F)
thomas1 says(): look i thought today something would have pop by old poppy view and i am still hoping that end this month something … like my doctor said they had hope ,but this pm had his chance . the people are tired and this are going to pop . there will be a change in GOI . look everyone has views and i was saying what my doctors and his brother was telling .(by the way invest not one dime in his own home land )..
Loopback says to thomas1(): With all due respect Your logic is flawed. With your reasoning the Doctors that you see know more then your and the common people of Iraq would know whether or not the IQD is going to RV. Do you or I know what our govermant is up to at any given point it time.
Holly1 says(): NOW GET AHEAD OF THE GAME … THE NEWS AS MANY HAS SAID IS SO SO SO SO GREAT
luvmydream says to Holly1(): (y)(y) TY so very much for all you do!!!
wmawhite says to thomas1(10:38 AM): Is that doctor a member of the IMF?……the Minister of Finance or the Central bank of Iraq………………..again…..nothing to do with entering the markets…….nothing.
jimplants says(): IF SOMEONES VIEW S NEGITIVE WE CAN NOT CHANGE THAT VIEW ONLY THEY CAN SO ITS EITHER FEAR NOT OR WOE IS ME
thomas1 says(): no but they come from a very powerful famliy ,but left for better life in usa and england .. i am relax just telling a view from someone who has ties there . how come when say one repeat something that goes against the grain eveyone get up in arms ??
jimplants says(): RCOOKIE AND WM A AND HOLLY I WILL BE BACK TO READ YOUR SENSE OF REASON I HAVE NO FEAR I AM GOING WITH THE WINNING TEAM
rcookie says to Holly1(): YOUR GUYS…..YOUNIS & ALBAYATTI LOOKING FOR WHAT WE ARE….
rcookie says to Holly1(): THEY WANT THE AUCTIONS STOPPED AS ASSURED WAY TO CONTROL DINAR VALUE IN MARKET.
rcookie says to Holly1(): Yasir Khalid Albayatti The solution is to refrain from buying dollars and Iraqi dinars handle all transactions to increase the demand for buying the Iraqi dinar and the dollar depreciates the other hand you know that when demand for a commodity increases as the price rises, and when demand falls, the price drops.
When discriminateBy a number wishing to buy goods on the number wishing to sell their price will rise and when the number wishing to sell a commodity than the number who want to buy them will drop their price. This is what the law of supply and demand, called Supply and Demand.
Read More :
http://www.dinarupdates.com/showthread.php?29657-Monday-February-8-2016
clay says to rcookie(): so what will it take to stop the auctions
Holly1 says to rcookie(): asir Khalid Albayatti The solution is to refrain from buying dollars and Iraqi dinars handle all transactions to increase the demand for buying the Iraqi dinar and the dollar depreciates the other hand you know that when demand for a commodity increases as the price rises, and when demand falls, the price drops.
When discriminateBy a number wishing to buy goods on the number wishing to sell their price will rise and when the number wishing to sell a commodity than the number who want to buy them will drop their price. This is what the law of supply and demand, called Supply and Demand.
Holly1 says to rcookie(): well someone knows what he is talking about … the solution 🙂
rcookie says(): 3. An exchange rate set at ID 1,180 per U.S. dollar will be used for monitoring purposes. This exchange rate will be used to convert into Iraqi dinars the U.S. dollar value of all CBI foreign assets and liabilities denominated in U.S. dollars, as required.
For CBI assets and liabilities denominated in SDRs and in foreign currencies other than the U.S. dollar, they will be converted in U.S. dollars at their respective SDR-exchange rates prevailing as of November 10, 2015, as published on the IMF’s website. The same rules will be used to convert external debt related parameters.
rcookie says(): THAT IS FROM THE IMF…….NUFF SAID..
rcookie says(): Second:If the Region fails to pay earned Federal revenues to the general treasury, the Federal Ministry of Finance shall, under item (First) of this Article, deduct an equivalent share of the planned revenue in the Federal Budget and shall conduct calculations later.
rcookie says(): Third:If any party (the Federal Government, the Kurdistan Regional Government) fail to fullfill their oil or financial obligations agrred to in this budget, the other party shall not be bound to fullfilling their oil or financial obligations.
rcookie says(): Article 11:The share of the Kurdistan Region and the provinces not organized in a region will be reassessed in the general Federal Budget for the year 2016 and beyond in light of the results of the census for theyear 2016,
in the light of which the actual amount of the share of the region, or provinces not part of a region shall be determinedin the Federal Budget for the year 2017 and the difference shall be presented to the Federal Cabinet for calculation.
rcookie says(): Article 12:First:The federal ministries, and departments not associated with ministries number shall be committed to (Table C) number of labour force in ministries and centrally funded departments for the year
rcookie says(): 2016 attached to this law, and the Federal Minister of Finance may, at the request of the ministry, or department not associated with a ministry, have the power of introducing new grades and modifying cadre resulting from the following: –
rcookie says(): A – Updating employment positions for those covered by political dismissal according to the Re-employment of Dismissed Politicians Act No. 24 of 2005 as amended.
rcookie says(): B – Federal ministries, and departments not associated with ministries shall be committed (self or centrally financed) to undertake the task of re-employing members of local, municipal, provincial councils and MPs who left their positions to be re-
rcookie says(): elected, and employment of avaialable positions as a result ofstaffing motion during 2016. The periods of members of the councils above shall be accounted for the purposes of the bonuses, promotion and retirement.
jd says(): Did they pay on the cards today?
tman23 says(): Starting Monday 2/15/2016 and 30 days for all provinces……exclusively from the middle of this month for a period of thirty days for the e-card and that is through the number open registration on the official website of the Commission”.
He stressed “the need for citizens to buy card and selected price of 25 thousand dinars over the ports accredited body only will be posted at a later time ……
the authority to take such action in order to facilitate the registration process for applicants for the Hajj go and seek continuously to provide the essential services that benefit and comfort of the glorious Iraqi citizen.”……..
The supreme body of Hajj and Umrah announced the opening introduction (2017-2018)…….. STEP RIGHT UP AND BUY YOUR LOTTERY TICKET …….e-card…… register now for a mere 25,000 dinar…… This is basically setting up like our HUD section 8 program…….
Second:A – Federal ministries are to suspend employments within their self- financed formarions of public companies, agencies and directorates which receives a grant from the States Federal Public Treasury or loans from governmental banks;
to cancel employment positions within the cadre slots conferred when they became vacant due to transference or referral to retirement, resignation or death, except for water and sewage municipal departments and institutions under the Ministry of Housing and Construction and Municipalities and the Municipality of Baghdad.
rcookie says(): B – Ministries covered in compression (the collaborated and cancelled) to abort employments when positions become available due to relocation, referral to retirement, resignations or death, and positions shall obliterate the positions within the ministries included.
rcookie says(): THAT IS THE 2016 BUDGET…
subgirl says to rcookie(): wow! that was in the budget!! thank you! 🙂
chickadee says(): Did they load the cards? I havent seen anything but I may have missed it.
jd says(): Looks like parliament got mad and went home for a week? They really work way too hard.(lol)
chickadee says to jd(): many would love a job like that
clay says to Baxter1243(): who do you believe lol
Baxter1243 says(): No one any more Clay…
tman23 says to jd(): Can’t be so……….. They were to have their national reconciliation meeting Sunday…… or at least that was the ink last week……LOL….. One of my favorites….National Reconciliation !! An 8 year subject that is called for meeting every single week………
clay says to Baxter1243(PM): sadly so
Baxter1243 says(): I have been looking all morning for just one article about Maliki being arrested last week…. I havent found a thing… other than what Poppy said he had confirmed the other night…
clay says to Baxter1243(): yep me too
Baxter1243 says(): I dont believe it
Baxter1243 says(): If true.. that would have made world news by now
clay says to Baxter1243(): it sure would have
BGG says to Baxter1243(): There was an article (I put on THE BLOG) the other day – that alluded to “would be – or some vague reference to – NOT IS/DONE…
Dr Dave says(): …and Mishan Jubouri has not even had a bail hearing yet
BGG says to Baxter1243(): and to be candid – I was plain – I believed that junk to be put out be those on the “Maliki side of the fence” anyway – to make their legal issues look like some kind of US interference plot…
Baxter1243 says(): Thx BGG…
BGG says to Baxter1243(): with a few “red herring” names thrown in there for good measure…
clay says to BGG(): right read that
BGG says to Baxter1243(): kinda like saying “it’s the US is after us…” AND – btw if we did do it… “all these people were in on it…” (everybody)…
Baxter1243 says(): Yes.. I agree BGG..
BGG says to Baxter1243(): which tells me – the “Maliki side of the fence” HAS SOME REASON to be defending…
RickeyT says to BGG(): what was the rate on 11/15/2015?
RickeyT says to BGG(): or does it mater?
RickeyT says to BGG(): oh well, bbl….
BGG says to jd(): No.
BGG says to jd(): BBL
BGG Blog
