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Recaps Note: {SCZIN was posted  earlier this morning as a stand alone  but have included it here as it is part of the original chat discussion}

SCZIN11: THE CBI WEBSITE HAS ….WELL , CHANGES AND …

*SCZIN11: WOW! DINAR EXCHANGE RATE DOWN & TOMORROWS AUCTION RESULTS TOO??

*SCZIN11: CURRENCY CODE SELL BUY US dollar USD 1182.000 1180.000

*SCZIN11: AND THEN THE AUCTIONS…

*SCZIN11: CURRENCY AUCTION RESULTS FOR TODAY AND TOMORROW
*SCZIN11: Currency AuctionsAnnouncement No. (3086)The opening offers the sale and purchase of foreign currency in the window of the Central Bank of Iraq on 2/12/2015

*SCZIN11: AND

*SCZIN11: Announcement No. (3087)The opening offers the sale and purchase of foreign currency in the window of the Central Bank of Iraq on 3/12/2015 t

*SCZIN11: MARKET RATE FOR BOTH DAYS POSTED AT 1214

*SCZIN11: wealthwatch.world/showthr…
http://wealthwatch.world/showthread.php?tid=3139

*SCZIN11: DECEMBER 2, 2015…. IQD EXCHANGE RATE DOWN…WRONG DIRECTION???

*SCZIN11: THE ROLLER COASTER HAS BROKEN DOWN, AND WE ARE TRAPPED IN A CAR ON THE TOP OF THE HILL…OR ARE WE??? FOR MANY YEARS, WE HAVE WATCHED AND READ….

AND IN ALL CIRCUMSTANCES, HAVE TRIED TO RATIONALIZE EACH AND EVERY MOVE AS NECESSARY STEPS TO THE PROGRESS OF MONETARY REFORM….

WE HAVE WORN THE THICKEST DINAR GLASSES AVAILABLE TO MANKIND, TWISTED AND OPINED EACH AND EVERY OCCURENCE, FOR THE BENEFIT OF A FINAL POSITIVE OUTCOME, TO OUR EXCHANGE OF THE IRAQI DINAR, ON A PROFITABLE SCALE..

WE HAVE IGNORED ANY HINTS IN INK, AS TO THE PLAN…THAT MAY HAVE PORTRAYED PROLONGING THE COMPLETION OF THE MONETARY REFORM…

WE HAVE SUGGESTED DELAYS, CHANGES, AND DISRUPTIONS… WE HAVE WATCHED WTO NEWS AND ANNOUNCEMENTS, AND MORE IMPORTANT WORLD TRADE ORGANIZATION REQUIREMENTS…FOR FULL AND COMPLETE ASCESSION…

WE HAVE BELIEVED MANY DINAR LAND MYTHS, AND CONTINUE TO ATTRIBUTE MANY OF THESE PHILOSOPHIES AT TIMES OF CONFLICTING REPORTS…

FOLKS, THIS IS A COUNTRY WE ARE TALKING ABOUT…IT IS NOT SOME CHILD, LEARNING TO GO POTTY, OR SAY MOM AND DAD FOR THE FIRST TIME…

THIS IS ONE OF THE WEALTHIEST PIECES OF LAND IN THE WORLD!

THIS IS ONE OF THE MOST TRAVELLED REGIONS OF THE WORLD…. TOURISM!!!!!

TOURISM IS THE MOST CRUCIAL COMMODITY FOR THE GROWTH AND SUCCESS OF ANY MUNICIPALITY….

TRADE GLOBALLY IS A MUST…IF THE PEOPLE OF IRAQ CAN NOT THRIVE IN THEIR OWN COUNTRY, THEN THE COUNTRY ITSELF CAN NOT THRIVE IN THE WORLD…

PURCHASING POWER MUST BE INCREASED….

THE COSTS OF GOODS MUST DECREASE….

REVENUE PRODUCING MUST INCREASE, IN ORDER TO PROVIDE JOBS TO THE CITIZENS OF THIS POVERTY STRICKEN SOCIETY…

ASTUTE BUSINESS PEOPLE WILL NEVER THROW GOOD MONEY AFTER BAD…THEY LEARN FROM MISTAKES, AND CALCULATE RISK VS. REWARD IN ALL THEIR ENDEAVORS…

*SCZIN11: ASTUTE BUSINESS PEOPLE WILL NEVER THROW GOOD MONEY AFTER BAD…THEY LEARN FROM MISTAKES, AND CALCULATE RISK VS. REWARD IN ALL THEIR ENDEAVORS…

IF THEY SMELL A RAT, THEY RUN THE OTHER WAY…  THIS IS EXACTLY WHAT IS GOING ON RIGHT NOW…

THE CHANGE FOR THE BETTER IS DEPENDENT ON THE WEEDING OUT OF THE LEADERS OF THE CORRUPT…

LEADERSHIP STARTS AT THE TOP…IF THE TOP IS CORRUPT, THEN IT ONLY LENDS TO THE FOLLOWERS BEING IN HIGH PURSUIT…

IF THE JUDICIAL SYSTEM IS NOT REFORMED, THEN THE MONETARY SYSTEM WILL CONTINUE TO STRUGGLE!

THE WORLD AGENCIES, INCLUDING, BUT NOT LIMITED TO THE IMF AND WORLD BANK, AS WELL AS THE INTERNATIONAL COMMUNITIES, ARE WELL AWARE OF THE STRUGGLE WITHIN THE POLITICAL SYSTEM OF IRAQ, YET THEY REFUSE TO ABANDON SHIP…

THEY CONTINUE AT ALL COSTS, MONEY AND LIVES, TO STAND BY AND WAIT FOR CHANGE…. AND FOR THIS REASON, AND THIS REASON ALONE, WE SHOULD ALL CONTINUE TO PERSEVERE! REMEMBER…. FOLLOW THE MONEY!

wealthwatch.world/showthr…  http://wealthwatch.world/showthread.php?tid=3142

Donnie: not 1166 any more?

Donnie: CURRENCY         CODE     SELL       BUY US dollar     USD       1182.000             1180.000

Donnie: They’re going the wrong way!!  🙁
Donnie: Auction is still using 1166:
Donnie: Price foundation on which the successful bidder, selling dinars / USD           1166

Donnie: Iraq Live Update ‏@IraqLiveUpdate 9m9 minutes ago #Kuwait donors set-up ‘Mawkeb’ & offer 40,000 free meals a day in love of #ImamHussain during #Arbaeen Karbala #Iraq

Donnie: Iraq Live Update ‏@IraqLiveUpdate 3m3 minutes ago This is #Karbala Today! Occasion: #40Days of mourning #ImamHussain martyrdom 1376yrs ago

Donnie: Iraq Live Update ‏@IraqLiveUpdate 15m15 minutes ago Karbala Authorities: This year the number of #Arbaeen visitors has definitely exceeded the 18 million of last year

Donnie: Iraq Live Update ‏@IraqLiveUpdate 21m21 minutes ago Eyewitness: I go every year but this year the attendance is unbelievably high #Arbaeen #ArbaeenWalk #Karbala #Iraq

Butifldrm: GM everyone    Butifldrm: This new rate is a little puzzling

Donnie: to say the least

Butifldrm: anyway the CBI does not show the new rate on the Arabic Side
Butifldrm: www.cbi.iq/index.php http://www.cbi.iq/index.php?pid=CurrencyAuctions

Butifldrm: here is a link to todays auction
Butifldrm: it still shows 1166 as the CBI rate

Donnie: yes – posted above

Donnie: whomever wrote this last night is in for a rude awakening:

Donnie: “It is now quite evident that the IMF/UN and other controlling PTB entities including China who is now to have a prominent role in the SDR basket of world currencies which will forever change the international economic landscape as we know it putting new pro RV pressures on the Authors Of The Plan that tell us that the mother of all RV windows has emerged between NOW and Jan 15th of 2016. ”

Butifldrm: I can’s see that far above

Donnie: awww— sorry

Butifldrm: Hum, wonder why that window? The basket is set to change in October 2016

Butifldrm: What’s interesting is that the CBI rate in now called the foundation rate

Donnie: ‹@Butifldrm› it’s probably some “know it all guru” lol

Butifldrm: Price foundation on which the successful bidder, selling dinars / USD       1166

Donnie: i wonder what that means?

Butifldrm: yea the verbage has changed

Butifldrm: I went into the IMF site and Iraq is still under article XIV

Butifldrm: www.imf.org/external/np/f…
http://www.imf.org/external/np/fin/tad/exfin2.aspx?memberKey1=460&date1key=2015-12-02

Butifldrm: and true the IMF has not updated on Iraq’s status since October 31st

Butifldrm:

​11-10-2015, 12:48 PM  Economists: Central Bank rate per dollar laitghier about 1180 JD

Economy and tenders
Since 2015-11-10 at 11:17 (GMT)– The balance of news

Economic expert Abdul Hassan shammari, Monday, that rate is the Central Bank for foreign currency does not change from 1180 dinars per dollar, called sound economic measures to eliminate the Iraqi budget deficit for 2016.

He said Abdul Hassan/balance news, that “there is no conflict with the currencies in the currency for the auction of Central Bank rate is one dinar to the dollar, 1180”, stressing that “there is an auction of real currency upheavals due to high before.”

“Requests for currency that abound on the Iraqi Central Bank has up to 180 to 250 million dollars a day and is large and formidable,” he said, adding that “there are no imports into Iraq with so much hard currency, and this is a waste of Iraqi money and smuggled outside the country resulting in the suffering of Iraqi citizens from economic conditions.”

He called for “making the dollar at the present juncture 1500 dinars for each dollar that Iraq is going through a difficult phase and may not be able to pay the salaries of its staff in the next phase”, “sound economic measures are taken to eliminate the Iraqi budget deficit for 2016.” Ended 29/4 e  LINK

 

Donnie: Iraq Live Update ‏@IraqLiveUpdate 32s32 seconds ago Iraq PM Abadi: We do not need foreign forces on Iraqi ground, we have enough men but need military equipment

chattels: Oil payment plan could strengthen Kirkuk-KRG ties Kurdistan Regional Government President Massoud Barzani (L) sits with Kirkuk Gov. Najmaldin Karim during a visit to Kirkuk on July 8, 2015. (AKO RASHEED/Reuters) By BEN VAN HEUVELEN AND BEN LANDO of Iraq Oil Report Published Wednesday, December 2nd, 2015

The Kirkuk governorate and the Kurdistan Regional Government (KRG) are negotiating a plan for sharing oil revenues – a deal that could prove vital to the KRG’s oil strategy, while further weakening Baghdad’s grasp on disputed fields.
~~~

In talks between Kirkuk Gov. Najmaldin Karim and KRG Prime Minister Nechirvan Barzani – with the encouragement of Turkey’s top diplomat – the two sides have provisionally agreed that Kirkuk governorate will receive a portion of the KRG’s oil export proceeds…

Donnie: …. same issue. Can’t countries just give Iraq the equipment they want?

Donnie: ‹@Butifldrm› ‹@chattels› GM

chattels: Iraq shatters export records Iraq shatters export records A ship docks at the al-Basra Oil Terminal on Nov. 27, 2013. (ESSAM AL-SUDANI) By BEN LANDO, PATRICK OSGOOD AND STAFF of Iraq Oil Report Published Wednesday, December 2nd, 2015

The Iraqi state sent about 4 million barrels per day (bpd) into the global oil market in November – including record output from the federal government and strong exports from the autonomous Kurdistan region.Iraq’s federal government exported a record 3.365 million barrels per day (bpd) last month, according to the Oil Ministry.

Its previous high-water mark was 3.187 million bpd, set in June.”November witnessed an unprecedented increase in the daily average of exports,” said Oil Minist…

chattels: Iraq Interior Min & Peshmerga reveal over 13,000 casualties they did not report before during war with IS musingsoniraq.blogspot.co… …

http://musingsoniraq.blogspot.com/2015/12/new-official-casualty-reports-by-iraqi.html

OOTW: WELL, THIS IS INTERESTING
OOTW: FROM THE CBI SITE

OOTW: PRESS RELEASE (SORRY, NO COPY OR PASTE) To / banks approved the exercise of all Islamic banking (Islamic Banking Law No. (43 for 2015)) 01.12.2015
OOTW: www.cbi.iq/documents/Anno…http://cbi.iq/index.php?pid=CurrencyAuctions

OOTW: www.cbi.iq/ http://www.cbi.iq/?pid=Home&lang=ar

disciple7: XE: IQD 1106

OOTW: HERE’S WHAT’S INTERESTING
OOTW: THE ARABIC SIDE OF THE CBI – FOR THE AUCTIONS, IS STILL LISTING THE RATE AT 1166

OOTW: AND THE COMMISSION SPREAD IS ABOUT 13 DINARS, WHICH WOULD PUT THIS AT 1179 – VERY CLOSE TO 1180 😉

OOTW: SO PERHAPS THE CBI IS SIMPLY LISTING THEIR COMMISSION SPREAD ON THE ENGLISH SIDE OF THE CBI – ADDED ON TO THE 1166

Doug_W: time will tell OO

OOTW: cbi.iq/index.php http://cbi.iq/index.php?pid=CurrencyAuctions

OOTW: WELL, FOLLOW THAT LINK..YOU’LL SEE THAT THE CBI ARABIC AUCTION SIDE STILL SETS THE EXCHANGE RATE FOR THE AUCTIONS AT 1166 PER DINAR

OOTW: WAIT WRONG LINK

OOTW: HERE’S THIS FROM THE CBI

OOTW: (3087) – 02/12/2015 on Wednesday and Thursday to port 03.12.2015 Day sales Bank 03-Dec 1,214 1,166 2,170,000 2,170,000    OOTW: www.cbi.iq/documents/C.B….

http://www.cbi.iq/documents/C.B.I.%20FOREIGN%20EXCHANGE.pdf

OOTW: THIS IS ABOUT CONTROLLING THE CORRUPTION GUYS

OOTW: SEE, LOOK AT THE NUMBERS

OOTW: NOTICE THE COLUMN HEADINGS

OOTW: Volume (000 USD) AND Cash
OOTW: 2,170,000

OOTW: BOTH COLUMNS HAVE THE SAME TOTAL
OOTW: REVIEW ALL PREVIOUS AUCTIONS AND YOU WILL NOT SEE ANYWHERE THAT EACH/BOTH OF THESE COLUMNS HAS THE SAME AMOUNT UNTIL NOW

OOTW: THEY’VE CAPPED THE AUCTION AMOUNTS
OOTW: THE ARABIC SIDE STILL LISTS THE CBI RATE AT 1166

OOTW: AND WHAT’S STRANGER IS THAT THEY ENACTED THE ISLAMIC BANKING ACT YESTERDAY

OOTW: THIS HAS TO BE ABOUT CORRUPTION AND USERY
OOTW: AT LEAST FOR NOW

OOTW: BUTI AND I HAVE BEEN SKYPING ABOUT THIS ALL MORNING

OOTW: I’M SURE SHE’LL HAVE MORE TO SAY ON THIS, AND MY POSTS ABOVE OR MY THINKING/ANALYSIS
OOTW: *ARE

OOTW: SO THE CBI, BY DOING THIS , IS NOW CONTROLLING THE AUCTIONS
OOTW: AND THIS HAS TO BE ABOUT WORKING WITH THE IMF

OOTW: I’M NOT CONCERNED ABOUT THIS AT ALL
OOTW: IN FACT, IM ENCOURAGED

Donnie: ‹@OOTW› Thank you for you’re analysis of the CBI’s recent actions

OOTW: SURE DONNIE – THERE’S DEFINITELY SOMETHING GOING ON WITH THE AUCTIONS – BUTI WILL PROBABLY COMMENT ON THIS LATER, BUT I CAN’T BE SURE OF THAT – SHE’S QUITE BUSY AT WORK RIGHT NOW, SO WE’LL SEE

chattels: 12-2-2015 Newshound Guru Kaperoni “new exchange rate from CBI” [Is this how they are working toward getting within the 2% spread?] Since 1182 + commission is the new official rate, 1214 market rate is at or about 2%.

OOTW: THANKS CHATTELS THIS TIES IN WITH MY EVOLVING THEORY 😉 ABOVE

chattels: 1214 was the market rate for the past two auction s and actually the rate was at 1210 a few days / auctions ago

OOTW: TY CHATTELS

chattels: CAUTION : Many of the pundits now citing the ” changes ” and ” intel ” regarding the CBI / Rate, etc. have been ” calling ” for the ” RV ” repeatedly over time and on the basis of the latest event or circumstance. Do not be deceived that they know anything. If they did then they would have forecast the recent changes as a condition(s) precedent or attendant to the ” RV “. It is what I call call ” situational / happenstance intelligence “. Pundits take the recent news and conform it to thier own narratives.

chattels: We do not know what if anything recent news or events mean for our liquidity event.

chattels: We know that many other things are relatively unchanged.

chattels: I will not belabor anyone with my boring / negative opinions now well established over time.

chattels: I hope it is all good news – I am invested like all of you

NUMBERS: IT WILL RV NOBODY KNOWS WHEN THOUGH

chattels: ‹@NUMBERS› Stability and security.

NUMBERS: THOSE ARE COMMING ALONG SLOWLY

Doug_W: yes “C” I have a Dinar too it says 50 on it

NUMBERS: MINE HAVE SADDAM ON THEM…. MINE ARE WORTH MORE BECAUSE THEY ARE OLDER

Doug_W: neumismatic value

NUMBERS: YEP

chattels: Historically, change(s) occur in Iraq at a glacial pace, IMO. Oftentimes it is like watching paint dry. Remember : ” If you can wait and not be tired by waiting, ……………. If you can dream—and not make dreams your master; If you can think—and not make thoughts your aim; If you can meet with Triumph and Disaster And treat those two impostors just the same; ………. Yours is the Earth and everything that’s in it, ……….. ” – Kipling  ​

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