Post From Dinar Updates
Chat Room Excerpts & Highlights
Dinar Updates Monday AM Chat 6-20-16 Part 1 of 2
jd says(): When is Ramadan over?
bunker54 says():July 5th
jd says():Thanks I have heard that Sadar is going to line out the politicians out after Ramadan with his potesters and million man army.Time will tell.
larrykn says():Low gold prices in Iraq to 210 thousand dinars
June 20, 2016 Gold prices dropped in Iraq, on Monday, to 210,000 dinars per weight. The price of gold the weight of a 21-gauge Today, 210,565 Iraqi dinars. With oil prices were yesterday amounted to 212,000 dinars. The weight of gold is equal to approximately five grams.
Read More : http://www.dinarupdates.com/showthread.php?36009-Low-gold-prices-in-Iraq-to-210-thousand-dinars
larrykn says():Oil continues to rise .. and why Britain's referendum
June 20, 2016 Oil continued to rise in Asian trading Monday, after the fall of the dollar helped dip fears about the possibility of Britain's withdrawal from the European Union in support of crude oil.
The price of Brent crude for delivery in August 34 cents to $ 49.51 a barrel at 02:35 GMT, after rising at the close on Friday of $ 1.98, or 4.2 percent, to $ 49.17.
The price of Nymex crude delivery July 44 cents to $ 48.42 after rising at the close on Friday of $ 1.77, or 3.8 percent.
Read More : http://www.dinarupdates.com/showthread.php?36008-Oil-continues-to-rise-and-why-Britain-s-referendum
larrykn says to magnetlady():oil up,, gold down ,, something is up :)
rcookie says():Purchase directs Central discount bonds paying contractors
An economy Since 2016-06-20 at 09:11 (Baghdad time) Baghdad scales news Face of the CBI, on Monday, three banks to buy discount bonds reimburse contractors.
Iraqi Council Chief Ibrahim Al-Baghdadi in a statement/balance of news copy, "the Central Bank directs three Government banks, Rafidain and Rasheed and Iraqi trade, buy discount and all government bonds for reimbursement of private sector, instead of financial receivables overdue for these companies."
The statement added that "those bonds amounting to 50% of total receivables, paid as a down payment and the total amount of its $ 3.5 trillion dinars."
He continued, "where it will be liquidated to cash, to be a rewarding and meaningful step to private companies after the extensive damage inflicted on this vital sector by delaying payment of these benefits by the Government."
He said that "hopefully contribute these amounts cover a large part of scarce liquidity, so move the wheel and movement of financial trading in all markets," dyed "it will solve many social problems and clan and legal".
The statement noted that "the Central Bank pledged to the banks that will cover any need or lack of liquidity has, for the purpose of updating all discount purchases these bonds from their owners. ended 29/34
wmawhite says():Some of you may be concerned about a guru Mike making statements about Iraq's money supply and what not; " Iraq's M0 money supply is over 50 trillion dinars, RV'ing at 3-1 would create a M0 money supply of over what would be the equivalent of $150 trillion dollars, which is $146 trillion more than US money supply."
guru Mike also states; " This is a controversial topic for sure, it slams the door on the $3 dollar RV theory and challenges the $1 position as well."
wmawhite says():I continue........ MO money supply is what is in circulation. What we hold is NOT in circulation.............we can not use what we hold..................unlike what is used (in circulation) in Iraq.
wmawhite says():Also, Mike's statement assumes ALL of Iraq's currency is outside of Iraq which would be "nuts"...........
larrykn says to wmawhite():gm :), thank you for clearing that up for us
wmawhite says():Also, the currency in Iraq, held by individual Iraqis will not be exchanged...............it doesn't matter what its value will be outside of Iraq.....that currency inside of Iraq will stay in Iraq and never to exchanged.
wmawhite says():Also,............the central banks of the world, which will hold the IQD we have after we exchange, hold most of the world's currencies as reserves.
They seldom let go of valuable assets, such as other countries' currencies. However, central banks will exchange some currencies for another countries reserve currencies at time.
wmawhite says():In other words, we are the only dummies in this investment that continue to think of this investment as a lotto ticket that will be "cashed in" instead of understanding that we hold a currency that will be "EXCHANGED" and held as an asset by a bank somewhere on this planet.
wmawhite says():Done.....and out of here........BBL
larrykn says to wmawhite():so if we decide to hold the dinar in our banks we could do that an not be taxed until we exchange it?
wmawhite says():I did not say that.
larrykn says to wmawhite():I was just asking
larrykn says to wmawhite():I don't know
wmawhite says to larrykn():If you exchange the IQD, then there is a taxable event,........and with that, taxes do.............however, don't take my word, consult a tax attorney.
larrykn says to wmawhite():thank you , I will be doing that for sure :)
Signman says to wmawhite():when the banks are raising captial is that liquidity (cash)?
Signman says to wmawhite():then the event is getting closer dont tou think?
Tex says to wmawhite():Thanks Mr. White,,,,,there is always Questions about that....(y)
_firefly_ says():Folks ... there are MANY things going on behind the scenes that we are not privy to We can't put a date on it but they are agressively working on reform. We will see it when they decide to show it to us
BUCK says to _firefly_():these behind the scenes thing no one knows about...could you tell me what they are??? lmbo :P:S
_firefly_ says():next question .... lol
larrykn says to _firefly_():I saw an article today saying how parliment is making meeting , they are not on vacation , good for us :)