chattels: Sadrists: Maliki will not be back as prime minister again By Mohammed Emad
11/11/2015 02:10 www.khabaar.net/index.php…
chattels: He Ghraoui “The current Prime Minister has a number of supporters within the National Alliance and a coalition of state law, in particular, as well as other parliamentary blocs as a union of Iraqi forces and the Kurdistan Alliance,”
Donnie: if we can only get rid of him as VP then Iraq will be in a better place
chattels: ‹@Donnie› Still waiting on the Judiciary for a decision I believe.
BOBBY: Any word on the Chalibi autopsy report ???
chattels: The central bank issued banknotes fifty thousand Dinars category 11/11/2015 15:25 almasalah.com/ar/news/636… LINK
chattels: ‹@BOBBY› Not that I have seen
BOBBY: Chattels. …. evening……. i have not seen word one on it
BOBBY: very curious what the findings will be
Donnie: as long as Chalibi’s wife has the reports, they are still all running scared.
OOTW: EVERYONE I HAVE A TRANSLATION OF THE VIDEO FROM SKYPRESS WHICH CAME OUT LAST MAY
lonegunman: OK I”m good
OOTW: I WILL POST IT IN THE FORUM
Donnie: the gov’t has an energy gun that can cause a heart attack. very small and compact. no noise. just shoots a beam of electricity the stops the heart. Like using the paddles on someone whos heart is working they stop the heart
OOTW: IT LAYS OUT THEIR PLAN AND BTW IS EXACTLY AS I STATED MONTHS AGO..THEY PLAN ON DOUBLING THE CURRENT VALUE OF THE DINAR WHILE THEY PULL IN THE EXISTING LOWER DENOMS
lonegunman: great !
chattels: Reidar Visser @reidarvisser 5h5 hours ago Kurdish delegation that visited Baghdad also called on sacked VP Maliki at his office. Not exactly helping PM Abadi www.vpo.iq/NewsDetails.as… …
500 – Internal server error. There is a problem with the resource you are looking for, and it cannot be displayed. BAD LINK
lonegunman: doubleing current value ?? as in ?
lonegunman: the kurds meeting Maliki ?? what s that about
Donnie: so market 1118 drops to 559 dinar per dollar. xe.com 12 Oct 2015 21:00 UTC – 11 Nov 2015 21:50 UTC USD/IQD close:1118.29 low:1117.00 high:1188.00
OOTW: AS I SAID MONTHS AGO…2/10 OF A CENT
lonegunman: ‹@Donnie› its all greek to me
lonegunman: ‹@OOTW› not a change !
lonegunman: or much of 1
chattels: my link is bad
Donnie: ‹@lonegunman› what is greek? current rate 1118 dinar per dollar – double the Dinar value means dropping the exchange rate to 559 dinar per dollar.
lonegunman: ok !! not greek just not too impressed !
chattels: ‹@lonegunman› it was three days ago which coincides with the delegation attending to Chalabi’s funeral
Donnie: true – but double the value is impressive even if its still less than a penny
lonegunman: just care about on the international mrk
lonegunman: ‹@Donnie› yes it is ! but across ALL borders and banks ! and markets
Donnie: if after the Dinar increase, 1 million Dinar starts selling for twice current value then I can double my money in just over a year from purchase!!!!
lonegunman: ‹@Donnie› just want to see it actually move to the world
Donnie: what other investment could you have doubled your investment in 15 mos? 🙂
lonegunman: ‹@Donnie› , and that is a reason we are speculating on !!
lonegunman: ‹@Donnie› since 2006 here
Donnie: 15 mos for me
lonegunman: no matter alot of people i have meet in this 13 yrs or better
Doug_W: ‹@Donnie› newbie lol
chattels: The Minister of Displacement and Migration Jassim Mohammed and his cabinet need to triple the allocated amount of displacement of the file. www.alliraqnews.com/modul…
lonegunman: ‹@Donnie› see ya look forward to it
chattels: “The Finance Committee held its first meeting today after the arrival of the general budget of the House of Representatives in order to study and develop mechanisms that could be on the basis of the money distributed among ministries and government institutions,” pointing out that “the Commission has identified next Sunday the date for holding its second meeting for the purpose of completing the study on the financial budget. ” wealthwatch.world/showthr…
chattels: Courtesy of sczin11
chattels: Joint Special Operations Command liberalization strategy in Anbar province, the area declared. According to a statement received by the agency all of Iraq [where] a copy of it, “it was raising the Iraqi flag today over the Albu-life area, which lies between Haditha District and hand-Baghdadi in Anbar province after it was liberated from the Daash terrorist gangs”. www.alliraqnews.com/modul…
lonegunman: ‹@chattels› each yr has been a never ending scroll of news ! just amazed at the tribal and Islamic Ideology .. of these people
chattels: ‹@lonegunman› we are strangers in a strange land, eh ?
lonegunman: Parllel universe
lonegunman: ‹@chattels› ‹@chattels› yes we are
chattels: BAGHDAD / National Iraqi News Agency / nina / spokesman for the international coalition Steve Warren, that the war on / Daash / cost the United States / $ 10 / million per week, adding that “Daash lost / 800 / thousand square meters of land, which was controlled in Salahuddin and Anbar.
Warren said in an interview to a number of media, including (nina), at the American embassy, that “Daash lose in Iraq because of the progress of the Iraqi forces in al-Baghdadi and Baiji and western Anbar adding that Iraqi forces are making progress in Ramadi Camp Warrar “has been restored.”
The liberalization of Ramadi plan is a good Iraqi plan and the role of the international coalition that includes backing to Iraqi forces and we are working with the Iraqis for there to be coordination between the international coalition aircraft, intelligence and information provided by the Iraqis that “. www.ninanews.com/News_Det…
chattels: Badr parliamentary calls for the government to reject any US proposal for ground intervention in Iraq [Baghdad-where] called Badr bloc in Parliament on Wednesday, the government’s proposal to reject any US ground intervention in Iraq.
He stressed the block head Qassim al-Araji, said in a statement received by the agency all of Iraq [where] a copy of it on “the need to reject any ground presence of foreign troops on the land of Iraq, stressing the sons of the country’s ability to edit all lands national efforts.”
The Secretary of State George W Air Force Deborah Lee James may announced that the war on Daash need for the existence of ground forces to eliminate it and can not be done by only aerial bombardment. www.alliraqnews.com/modul…
lonegunman: ‹@chattels› keep the faith as i do also ! geez perhaps 1 day these people will just be so tired of death they will grow in peace
Doug_W: wonder how much Iraq is paying US for our dead from teh war like they expect us tp pay them?
lonegunman: ‹@Doug_W› ‹@Doug_W› do you really think they care about our dead ?
Doug_W: the SAD reality of war is” people die
Doug_W: nope I was being facetious
chattels: ‹@Doug_W› it is all our fault and Iraq is entitled according to them
Doug_W: there ya go “C”
Donnie: i agree with us helping Kuwait but after that was done we should have left the area.
Donnie: i disagree with everything to do with us being there after that.
Doug_W: I’d sure like to have a penny on every dollar we have spent there Donnie
Donnie: I wouldn’t be holding Dinar if I did 🙂
Doug_W: amen to that
Donnie: unlike a lot of people, I can have enough money. I don’t need several million.
Shnozzle: The FOREX just dropped below 1090. First time I have seen that in a very long time… forex.tradingcharts.com/c…
Shnozzle: Sorry… should have read “The Dinar to Dollar on the FOREX just dropped below 1090…” Sheesh…
disciple7: XE: IQD 1117.0000
chattels: Parliament proceed with the first reading of a law of general amnesty tomorrow 11.12.2015 – 03:45 BAGHDAD / parliamentary source revealed, Wednesday, that the House proceed with the first reading of the draft general amnesty law tomorrow.
The source for “Sky Press” that “the House of Representatives listed first reading of the draft amnesty law within the international agenda of the meeting tomorrow and will begin Baqrotha and voting on it.” The Presidency of the Council of Representatives may raise the 35 hearing to next Thursday after the vote on a number of laws and read the budget. skypressiq.net/8407-%D8%A…
chattels: Something(s) about the foregoing article do not ” compute “.
chattels: Prime Minister and Commander in Chief of the Armed Forces, Dr. Haider Abadi, chairs a meeting of the security and military leaders in Anbar province, the presence of the conservative Mr. Suhaib al-Rawi. It was stressed the importance of cooperation between the province’s sons and clans with security for the Liberation Forces Land preservation, integrated and coordination among all security and military units of the army and police and the popular crowd and the sons of the tribes to move forward in achieving victories over the enemy. [ Face Book ]
Abraham: It all good! Iraq is now the passenger but the car has a new driver 🙂
Abraham: The only positive in a float is, it will force the citizens in Iraq to unite and their actions in the development of Iraq will determine the value of the Dinar.
OOTW: HI EVERYONE HERE’S THE LINK TO THIS THREAD WHICH BEGAN IN JUNE 2015
OOTW: WITHIN THIS THREAD IS THE VIDEO LINK – AND A TRANSLATION OF THE CONTENT OF THE VIDEO
OOTW: I WILL BE AGAIN SPEAKING WITH THE TRANSLATOR IN ORDER TO GET TRANSLATIONS OF THE CO-RELATING CBI ANNOUNCEMENTS RE THE 50K NOTES OOTW: wealthwatch.world/showthr…
OOTW: REMEMBER THAT THIS VIDEO IS FROM MAY OF 2015 – BUT THEY OUTLINE THE PLAN AS TO WHY THE IRAQI MARKET REQUIRES THE 50K NOTES
OOTW: THIS IS A HYBRID OR BRIDGING EVENT OOTW: SO PLEASE, DO NOT PANIC OVER THIS
MzDiva: ‹@OOTW› ‹@OOTW› thanks
OOTW: SURE THING
TxBrand: how does it bridge ?
OOTW: READ THE TEXT OF THE VIDEO TRANSLATION AND YOU WILL SEE
OOTW: BASICALLY, THE PLAN OUTLINED VIA THE TRANSLATION/TEXT STATES THAT THEY WILL US THE RELEASE OF THE 50K NOTES IN ORDER TO PULL IN THE CURRENT LOWER DENOMINATIONS AND THEN WILL RELEASE OTHER LOWER DENOMS WITH A HIGHER VALUE –
THE AMOUNT OF THAT VALUE IT NOT DISCUSSED IN THE TRANSLATION OF THE VIDEO (NOR IN THE VIDEO LOL)
OOTW: THE CBI ELUDES THAT THIS IS THEIR PLAN – THEY ARE NOT SPECIFIC REGARDING AMOUNTS AND WHY WOULD THEY BE?
OOTW: THE WAY I UNDERSTOOD THE TRANSLATOR THE INTENTION IS THAT THE NEW (REPLACEMENT) LOWER DENOMS WILL BE GIVEN A NEW VALUE AND THAT IS ALL
Winnerdinar: ‹@TxBrand› I have two theories
TxBrand: ‹@Winnerdinar› ok
Dianne777: ‹@OOTW› anytime soon as in this year?
Winnerdinar: The first one involves pretty much what Kaperoni has been saying
Winnerdinar: there are currently two sets of IQD notes floating side by side
OOTW: ‹@Dianne777› LET ME ASK YOU – DO YOU THINK BY RELEASING THESE 50K NOTES THAT IT’S REALISTIC TO EXPECT THAT THE CBI WILL BE ABLE TO PULL IN ALL THE LOWER DENOMINATIONS IN A SMALL WINDOW OF TIME?
OOTW: HERE IS THE US WHEN WE RELEASED THE NEW 100 DOLLAR BILL IT TOOK SOME TIME TO PULL IN THE OLD 100 NOTES, DID IT NOT?
OOTW: YES IT TOOK AT LEAST A YEAR AND I’VE SEEN SOME OF THE OLD 100 US NOTES IN CIRCULATION
TxBrand: why do they want to pull them ?
Winnerdinar: The 50,000 notes are about to be added to the new series (2014) of IQD notes to float alongside the older 2003 series notes
Winnerdinar: immediately when the 50,000 notes are added the rate will change to 50,000 dinars to $100 dollars or very near to them being introduced
Winnerdinar: remember they eliminated the 50 notes from the older series
Winnerdinar: from OOTWs translator of the 50,000 video
Winnerdinar: its state the following
Winnerdinar: Back again please read this statement from OOTW translator
Winnerdinar: OOTW please type the statement for me
OOTW: THE VALUE OF THE CURRENCY THEY’RE GOING TO PUT OUT IS ABOUT 40 TRILLION DINAR WORTH OF THE 50K NOTES – AGAIN EQUAL TO 40 TRILLION DINAR NOT DOLLARS – ‘
THE CBI IS GOING TO TAKE OUT THE SMALLER CURRENCY – MEANING THE LOWER DENOMINATIONS – THEY WAY I UNDERSTAND IT, THEY’RE NOT JUST GOING TO PRINT 40 TRILLION DINAR –
THEY’RE NOT GOING TO PRINT EXTRA MONEY, THEY’RE GOING TO PRINT THE 50K NOTES AND THE EXACT AMOUNT THEY PRINT – THEY’RE GOING TO THEN REMOVE THE EQUIVELANT OF THIS AMOUNT (40 TRILLION) IN THE CURRENTLY EXISTING SMALLER DENOMINATIONS THAT EXIST IN THE MARKET.
Winnerdinar: So from the above statement they are going to put out another 40 trillion worth of notes which I think will be gradually worth of the 50,000 notes and at the same time they are going to start eliminating parts of the current currency more likely the 2003 series of notes
Winnerdinar: I think that they will start eliminating the 250 notes from 2003 series of notes
TxBrand: and how long do you think its going to take them to do all this bs ? lol
Winnerdinar: once they are eliminated the rate will double again
TxBrand: so nun of our notes are going to be any good ?
Winnerdinar: I believe there will be an exchange period Winnerdinar: like the 50 notes
Winnerdinar: hang on Winnerdinar: this is just my theory
RVPlease: yes…. but now that most dinar dealers are out of business… where are we going to exchange them? BAGHDAD :laughing:
Winnerdinar: This is how they will reduce the money supply in preparation to make the dinar equal to the dollar
Winnerdinar: ‹@RVPlease› well if they go international hopefully your bank
RVPlease: GOOD luck with that.. I doubt most banks will touch this stuff…. for at least a couple of years…
Winnerdinar: This could be a way to get liquidity back into the banks
Butifldrm: ‹@Winnerdinar› and everybody good evening
OOTW: HIYA BUTI
Butifldrm: I have something to show you
Winnerdinar: ‹@Butifldrm› good evening
Butifldrm: Hi Woods
TxBrand: and we wont get but about 1/2 as much as we paid for them……..if that much
Butifldrm: Iraq Said To Be Planning Currency Overhaul, Redenomination
Abraham: ‹@TxBrand› not so fast, you Are ok
Butifldrm: BAGHDAD — A senior Iraqi Central Bank adviser says the government has adopted a two-pronged plan to restructure the national currency in order to facilitate large transactions and make government accounts more efficient, RFE/RL’s Radio Free Iraq reports. Mudhhir Muhammad Salih, a member of the bank’s advisory panel, told RFE/RL on June 23 that in the short term, larger banknote denominations of the dinar would be issued to simplify major transactions.
OOTW: TX WE DO NOT KNOW WHEN THEY’RE GOING TO CALL IN THE LOWER DENOMS OR SIMPLY ALLOW THEM TO IN-FLOW BACK INTO THE BANKS IN NATURAL ORDER
Butifldrm: He said that because so many Iraqis still dealt mainly in cash, it was cumbersome to carry bags full of money to pay for expensive items like cars.
The inconvenience leads people making such purchases — as well as many entrepreneurs — to use dollars for those kinds of transactions instead of dinars, something the government wants to end.
He added that large denominations equivalent to around $100 would be issued to simplify major purchases, and new coins and lower denominations would be introduced for smaller transactions.
OOTW: ALSO – THE 2/10 OF A CENT FIGURE IS BASED SOLELY ON THE VIDEO FROM MAY AND RELATED ARTICLE OOTW: PLEASE DO NOT PANIC OOTW: OR WORRY
TxBrand: ‹@Abraham› :dizzy: im just in a bad mood…sorrry
Butifldrm: In the longer term, Saleh said a redenomination was needed wherein three zeros will be dropped so that the 25,000-dinar banknote — currently the largest denomination — becomes a 25-dinar note. He said the change was inevitable, considering the economy is expecting high growth in the coming years with a planned increase in oil production to finance reconstruction projects.
OOTW: TO MY MIND THIS IS AMAZING
OOTW: WE SHOULD BE HAPPY THERE’S MOVEMENT – WE JUST HAVE TO WATCH AND BE PATIENT
Butifldrm: Saleh said there were currently some 29 trillion dinars in circulation in Iraq, represented by some 6 trillion banknotes of various denominations, most of them quite small. He said this also caused complications for the Central Bank and government, as well as commercial accounting departments.
Abraham: The larger noted will be used Internationally to adjust Balance of Payments with trading Nations
Abraham: Need not worry
BOBBY: to soon to be making any conclusions
Butifldrm: Saleh said the monetary-restructuring plan was drawn up with the help of foreign experts and financial institutions, including the International Monetary Fund, of which Iraq has been a member since 1945. The plan will soon be presented to the cabinet, which is expected to subsequently send a bill to parliament.
OOTW: YES BOBBY
Abraham: Iraq is an importer
OOTW: SO BUTI YOU’RE AGREEING WITH WINNERDINAR?
Butifldrm: Saleh noted that until 1980 the Iraqi dinar exchange rate was 1 dinar/$3.3 compared to $1/1,168 dinars now due to hyperinflation that occurred during the latter part of the late ousted leader Saddam Hussein’s reign Butifldrm: www.rferl.org/content/ira…
BOBBY: any movement forward is positive in this
Butifldrm: ‹@OOTW› www.rferl.org/content/ira…
OOTW: TY BUTI OPENING NOW
OOTW: OKAY THIS IS FROM A EUROPEAN PRESS SITE
OOTW: HERE’S THIS ARTICLE
OOTW: Iraq Said To Be Planning Currency Overhaul, Redenomination Print Comment (118) Share: Iraq’s 25,000-dinar banknotes apparently won’t get you as far as they used to. Iraq’s 25,000-dinar banknotes apparently won’t get you as far as they used to. Pin It June 24, 2011 BAGHDAD –
A senior Iraqi Central Bank adviser says the government has adopted a two-pronged plan to restructure the national currency in order to facilitate large transactions and make government accounts more efficient, RFE/RL’s Radio Free Iraq reports.
Mudhhir Muhammad Salih, a member of the bank’s advisory panel, told RFE/RL on June 23 that in the short term, larger banknote denominations of the dinar would be issued to simplify major transactions. He said that because so many Iraqis still dealt mainly in cash, it was cumbersome to carry bags full of money to pay for expensive items like cars.
The inconvenience leads people making such purchases — as well as many entrepreneurs — to use dollars for those kinds of transactions instead of dinars, something the government wants to end. He added that large denominations equivalent to around $100 would be issued to simplify major purchases, and new coins and lower denominations would be introduced for smaller transactions.
In the longer term, Saleh said a redenomination was needed wherein three zeros will be dropped so that the 25,000-dinar banknote — currently the largest denomination — becomes a 25-dinar note.
OOTW: ……….BTW I AM SUPPORTING WHAT THIS ARTICLE SAYS I’M SIMPLY POSTING IT
OOTW: He said the change was inevitable, considering the economy is expecting high growth in the coming years with a planned increase in oil production to finance reconstruction projects. Saleh said there were currently some 29 trillion dinars in circulation in Iraq, represented by some 6 trillion banknotes of various denominations, most of them quite small.
He said this also caused complications for the Central Bank and government, as well as commercial accounting departments. Saleh said the monetary-restructuring plan was drawn up with the help of foreign experts and financial institutions, including the International Monetary Fund, of which Iraq has been a member since 1945.
The plan will soon be presented to the cabinet, which is expected to subsequently send a bill to parliament. Saleh noted that until 1980 the Iraqi dinar exchange rate was 1 dinar/$3.3 compared to $1/1,168 dinars now due to hyperinflation that occurred during the latter part of the late ousted leader Saddam Hussein’s reign.
chattels: ” Saleh said there were currently some 29 trillion dinars in circulation in Iraq, ……….. ”
OOTW: HOWEVER THE VIDEO STATES THEY WISH TO PULL IN THE EQUIVELANT OF 40 TRILLION DINAR IN CIRCULATION
OOTW: VIA THE ISSUANCE OF THE 50K NOTES
chattels: First statement as to the amount in circulation that I have seen in awhile.
BOBBY: Chattels. …….. lower then what people have been saying
OOTW: SO IF THE CURRENT AMOUNT IS TRULY 29 TRILLION THIS MEANS THAT ABOUT 11 TRILLION – MEANING THE 40 TRILLION WHICH WERE REPORTED TO BE OUT IN CIRCULATION IN MAY, HAS REDUCED THAT MUCH IN SIX MONTHS
chattels: ‹@BOBBY› Higher than the speculation of some pundits.
OOTW: SORRY I DO NOT SUPPORT THE LOP ARTICLE
OOTW: I HAVE TEXTED BUTI TO ASK HER WHY SHE DROPPED A LOP ARTICLE IN HERE AND THEN DISAPPEARED LOL
chattels: All of this talk about planning and intention would seem to make this process far more complicated than the scenario envisioned by many in dinarland.
BOBBY: OOTW….. she did a drive by lol
OOTW: AND HOW BOBBY
Winnerdinar: I could not stop reading after seeing the lop article -what I think buti was trying to point out and what I was describing is they are restructuring the currency( not lopping )
Winnerdinar: I do have a second theory
BOBBY: Winnerdinar….. makes sense
Winnerdinar: ‹@BOBBY› Ty Bobby
BOBBY: no matter what…… we watch and wait
Winnerdinar: They could be issuing the 50,000 notes and giving us a timeframe to exchange the full series of the 2003 notes – I think in the past it was mentioned up to 2 years -this would support the RV theory
chattels: I need a drink
Winnerdinar: ‹@chattels› lol sorry buddy
chattels: ‹@Winnerdinar› 🙂
BOBBY: i vote for the first theory lol
Winnerdinar: I wish I had a diagram to explain myself better
OOTW: I WOULD THINK THERE MUST BE A BALANCE TO BE STRUCK FOR THE PEOPLE AND THE ECONOMY OF IRAQ
OOTW: AS DISAPPOINTING AS IT SOUNDS – IF THEY GIVE THESE 50K NOTES, IN EFFECT, DOUBLE THE CURRENT VALUE, THEY ARE (AT LEAST FOR A PERIOD OF TIME UNTIL FURTHER POSSIBLE CHANGE IN VALUE) GIVING THE PEOPLE SOME PURCHASING POWER
BOBBY: OOTW….. do you think this is there way of appeasing them somewhat?
OOTW: THIS WAS ALWAYS GOING TO BE ABOUT THE IRAQI’S NOT US
Butifldrm: ‹@OOTW› Ok why would Iraq redenominate and release 50K notes
OOTW: BUTI AS YOU KNOW I’M NO ECONOMIST – SO AS A LAYPERSON I WOULD THINK IT WOULD BE TO PULL IN THE LOWER DENOMS
Butifldrm: the article I posted is from 2011
OOTW: AND YET GIVE THE PEOPLE MEANS TO PURCHASE AND ALSO TO GET RID OF THE DOLLAR
Butifldrm: the truth of the article is what winner was stating
Winnerdinar: I just want to say that my theory is just that of my opinion. I am no expert and I am no guru. I only wanted to explore what OOTW translators information was presented to us
Winnerdinar: ‹@Butifldrm› your awesome
Butifldrm: that the CBI was going to release notes and this is the truth of the article
Butifldrm: He added that large denominations equivalent to around $100 would be issued to simplify major purchases, and new coins and lower denominations would be introduced for smaller transactions.
BOBBY: Butifldrm. …… in your opinion, is this just a starting point?
Butifldrm: this is the 50K note
OOTW: CONFIRMING WHAT THE VIDEO STATES AS THE INTENDED VALUE OF THE 50K NOTE
Butifldrm: If the CBI were going to redenominate they could have done that a long time ago
BOBBY: Winnerdinar. ……. be glad your not a guru lol
Butifldrm: This note has the abbility to draw in the lower denoms
Winnerdinar: ‹@BOBBY› I’m an underpaid nurse lol
Butifldrm: ‹@BOBBY› he is a very special guru
BOBBY: Winnerdinar. …. i dont know of any other kind …
Butifldrm: At the time this article came out for those of us who were not invested
Butifldrm: Selah was the propoganda master
Butifldrm: he was the mouth piece of the CBI
Butifldrm: IMO their were half truths in all the articles he presented
Butifldrm: notice fast forward
Butifldrm: he now under Abadi has made no such references
Butifldrm: even though we see the CBI come out with the release of the 50K noate
Butifldrm: this article no matter how they get there proves winnerdinar right
Butifldrm: IMO Iraq will not LOP Butifldrm: they could have done that years ago
Winnerdinar: I agree Buti no LOP
Butifldrm: today we see an article that comes out and states Iraq is going to comply with IMF requirements
Butifldrm: Why? Butifldrm: because they are in a sovereign debt crisis
BOBBY: so would you consider this the start of reconstruction of the dinar?
Butifldrm: Iraq has already received disbursements this year www.imf.org/external/np/f…
Butifldrm: they so sadly have to play the IMF game
Butifldrm: I do
TxBrand: so…do you think they will draw all of the dinar except 100,000? I cant see that
Butifldrm: I don’t want to look, but we have all read articles from economists that state that Iraq should devalue the currency to meet the budget
Butifldrm: that’s either BS or clueless
Butifldrm: the only way Iraq could meet the budget deficit would be to increase the value of the dinar
Butifldrm: ‹@TxBrand› yea
TxBrand: maybe the translation meant revalue lol not devalue
Butifldrm: no the articles were talking about devaluing the dinar to 1300 Butifldrm: or 1500
Butifldrm: anyway that would not help their circumstance
Butifldrm: Truly devaluing a currency helps only for export
Butifldrm: and Iraq is an importing nation
Butifldrm: they need to be able to increase their purchasing power not decrease
Abraham: Iraq would collapse with any further devaluation because they would not have the reserves to back any further devaluation
Butifldrm: one their economy is diversified enough that would be anoter story, but today they have a sovereign debt crisis as do all oil dependent countries
OOTW: REALLY ENJOYING THIS DISCUSSION
Abraham: Common sense would tell you if they are in a financial bind now, a devaluation does not solve the issue, it makes it worse
Butifldrm: ‹@Abraham› Iraq has the reserves to cover 150% of the currency in circulation
Butifldrm: the issue here the cost of the dollar Butifldrm: and the impact on the people
Butifldrm: Since shabibi’s exit the cost of the Dollar has pretty much been above the 2% spread that the IMF requires to be considered under a dual currency practice
Butifldrm: IMO primarily because of corruption
Butifldrm: the CBI has not been able to control the amount of dollars leaving the country illegally which lead to the government trying to control that process
Butifldrm: the 75B limit in this years budget was just an example
Butifldrm: the CBI tried and lost – now they auction what they need to meet the supply and demand
Butifldrm: still thye cannot control the spread Butifldrm: one more thing
Butifldrm: has anyone notice how much the USD index has gone up the past few months
Butifldrm: that also impacts the sale of the dollar Butifldrm: and the spread
Butifldrm: Hopefully, Iraq is getting some good counseling and we see the article today that comes out about the loan and Iraq will now have to comply with the IMF guidlines
BOBBY: Does any of this effect there credit rating in the long run?
Butifldrm: this gives them a great opportunity to move from article XIV to article VIII
Butifldrm: yes of course
Butifldrm: read this Butifldrm: wealthwatch.world/showthr…
BOBBY: so really this is positve movement?
Butifldrm: truly Iraq could add a 3.00 value to the Dinar and unless they were in article VIII I doubt you could cas in
Butifldrm: ‹@BOBBY› yes, I think this is part of their monetary plan to increase the value of their currency
OOTW: FOR REFERENCE wealthwatch.world/showthr…
One step closer to article VIII Iraq is consistent with the IMF on the last control of financial and economic policies in the country
Abraham: ‹@Butifldrm› As I have said for years this is what Iraq needs to put their house in order. They monetary policy is now controlled
Butifldrm: Maliki never wanted to play the IMF game because he and his cronies were to busy siphoning off the money
Abraham: They get funding, but the IMF managed their monetary policy
MichelleL: optimism is so nice 🙂 A reason for optimism is even nicer!
Butifldrm: ‹@Abraham› debt is never good
Butifldrm: and truly I wish iraq did not have to borrow the IMF’s money
Abraham: ‹@Butifldrm› no because it places the hand in the Lion
Butifldrm: but IMO what’s happening now is plan and part of the IMF’s sugestions for monetary reform
Abraham: Lion’s mouth
Butifldrm: ‹@Abraham› yes, for sure
Butifldrm: but their are 183 countries world wide in the Lion’s mouth
Abraham: ‹@Butifldrm› our hand is in the Lion’s mouth too
Butifldrm: and if you have the least expectation of gaining from this investment, Iraq has to play their game
Abraham: ‹@Butifldrm› yes 🙂
BOBBY: the lion definitely has a mouthful lol
Butifldrm: the entire World economy has it’s mouthful
BOBBY: so what do you see as the next step for Iraq s progress?
Butifldrm: OOTW, can u think of anythin I did not cover?
Butifldrm: One last note
OOTW: NO I THINK YOU GOT IT ALL, BASED ON THE ARTICLES AND PRESS STATEMENTS RELEASED IN THE PAST TWO OR THREE DAYS
OOTW: I WILL ATTEMPT TO GET A TRANSLATION OF THE CBI STATEMENTS RE THE 50K NOTES AND BANKING PROCEDURES FROM THE TRANSLATOR
Butifldrm: now that Iraq has agreed to comply with the IMF again we need to watch the spread, I’m excited to see how the release of the 50K notes and the exchange processes will affect the spread
OOTW: I WILL POST THEM IN THE THREAD FOR THE VIDEO AS WELL AS THIS CHAT
Butifldrm: sounds good Butifldrm: night ya’ll
OOTW: NOTE TO NON MEMBERS READING THIS CHAT AT OTHER SITES – YOU MAY BECOME A MEMBER OF WEALTHWATCH.WORLD FOR FREE – THIS IS THE ONLY WAY YOU MAY READ WHAT’S POSTED IN OUR IQD AND IRAN/RIAL FORUMS – INCLUDING CHATS – GOVT PRESS RELEASES, AND MUCH MORE!
OOTW: NIGHT BUTI OOTW: THANKS AGAIN!
MichelleL: Thanks OOTW, and many thanks to Butifldrm too!
OOTW: SURE THING
BOBBY: OOTW….. any thoughts on doing a call in the near future?…… end of the year wrap up ?
OOTW: WELL THAT’S ACTUALLY A GOOD IDEA BOBBY