Post From Dinar Updates
Chat Room Excerpts & Highlights
Dinar Updates Monday AM Chat 7-11-16 Part 1 of 2
david334 says to subgirl():Morning subgirl (H) IMO our three amigos said it's done right down to the plastic based currency . The thing about the 1.18 Dinar rate to the $1 is that every business in Iraq now has inventory that was valued at .00085 but now is worth 1.18IQD.
IMO that will create a big gain for business and spurs demand for the new Dinar. This will cause all the experts knuckleheads , wall street , credit agencys to look at the country's value two years out.
The new port the development of the metals and minerals wealth larger than oil etc. Once the do that forward analysis the value of the dinar will move to a reflective value which has to exceed Kuwait at $3.00.
jtank says():david334 how far out till $3 -- months?
jtank says():once it changes to the start level
jtank says():just speculation will drive the iqd
david334 says to jtank():I think the US holders egt paid more. I am not sure of this , need rcookie's opinion, but i am not selling at 1.18 IQD did you see the mininster of metals mining comments they have more of that than oil. The new port will double GDP with non energy revenue. Diversification in a year.
The wall street dopes will figure out this is 20X Jordon. I have not completely thought through the steps but it will happen fast because now the RV will get all the eyes on the wealth.
david334 says to jtank():yep and a little legwork.
SRW says():Remember the word Velocity! First CBI needs to value the Iraqi currency internationally. Trade and investment will be the spring board for the value to increase.
david334 says to SRW():Yep and the FX market . Nobody has really put pencil to paper yet but BGG
david334 says to SRW():There is no comparable country in the middle east with the diversification of revenue streams.
david334 says to SRW():Can the CBI valuation be different than 1.18 IOD internationally?
SRW says():Especially competing with a neighbor that has their currency valued over 3 dollars! Being Kuwait.
jtank says():does kuwaits value equal iraqs as far as underground ?
david334 says to SRW():someone said that the a while ago the MOF and CBI came up with a justifiable value of $10plus. I don't no if thats relavent but not 1.18 to low.Very interesting how this plays out . I am gonna check out Kuwaits current GDP run rate .
SRW says():That's a question for Mr. White. I'm not going to speculate on what the currency Should be valued at.
david334 says to jtank():I would have to believe it is way belows Iraq's. Iraq IMO , is the number two or three oil reserves country. Their wells have upside the Saudis heading south and Kuwait is smaller in reserves. I am gonna get the GDP for Kuwait and be right back
david334 says to jtank():Check it out
Mudder says():You people are going to give yourselves headaches...lol
david334 says to Mudder():As long as I dont drop dead before this plays out i am happy.
david334 says to plowboy():I am so happy for US . Everyone said your a fool but we were right all of us are connected
david334 says to plowboy():Great news wierd economy. I am just broke worked at Lehman Brothers for seven years were they took 40% of pay and put it in restricted stock=0. that was all i had
david334 says to plowboy():I gotta calm down though its not over yet ,:D
plowboy says to david334():come on RV!! We keep looking for houses to buy and they keep getting sold. Grrrrr
david334 says to plowboy():Thats a very interesting development plowboy , customers start paying business picks up . Jobs are really no better but I bet the US economy surpises people on =the upside . I wouldn't own bonds.
plowboy says to david334():they say that the RV will be an inflationary event. If it is it will be a buyers market real quick
david334 says to plowboy():LOL. NYC one bedroom $1.6 million average now thats funny where do those people get there money. I was born raise there when four bedroom apts sold for 90,000
SRW says():Anyone in Stock Markets are going to have a wild ride! When big banks are in trouble, we all are in touble. This country is up side down in revenue versus debt and many don't realize the ramifications this effect will have.
plowboy says to SRW():Very true. I think the derivatives payment is due in Sept and they don't have it
david334 says to plowboy():Like BGG said less than a million US owners and most scaped to come up with a million dinars . I really dont think we are a big group oppposite its just we are involved so much our perception is effected
Woodywoodpecker says():GM I live in a tree and it doesnt cost me anything lol
subgirl says to Woodywoodpecker):GM Woody lol
Woodywoodpecker says():good morning subby
SRW says():What about the hospital bills when you fall out?!! LOL
david334 says to SRW):But the central banks own lots of dinar so it increase their balance sheets. Some think its a positive. I don't know I am fried
subgirl says to SRW():FOX just said Defense Secretary CArter Arrives in Iraq today...
subgirl says to SRW():Iraqi Troops prepare to retake Mosul from Isis... Fox said...
SRW says():God speed to them!! Retaking Mosul will be big!!
subgirl says to SRW):yes it will... I think they said we are sending more of our troops there to help... if i remember that right...
SRW says():Oh ya! There is a big U. S. military presence in Iraq that is not being told to the public.
da58 says():Parliament is debating tomorrow Karrada bombing and delayed the approval of the Presidency of death sentences
History of edits:: 07/11/2016 13:57 • 131 visits readable
Parliament is debating tomorrow Karrada bombing and delayed the approval of the Presidency of death sentences [Oan- Baghdad]
the House of Representatives resumes, on Tuesday, the opening of its first legislative term of the third legislative year in the third parliamentary session.
It includes tomorrow 's meeting agenda , according to a statement of the Department of Media of the Parliament received by all of Iraq [where] a copy of it, "for the discussion of [ the terrorist bombing in the Karrada district, and vote on the draft Judicial Oversight Authority Act, and vote on the draft freedom of expression Arai meet and demonstrate Act peaceful. "
It also includes" general topic of discussion [non presidency ratify the Act to amend the criminal Procedure Act No. 23 of 1971, and the first reading of the draft first amendment to the law take care of minors No. 78 of 1980 ".
and will include the agenda of tomorrow 's meeting , " the first reading of the draft tribes and tribal law, the first reading of the proposed cancellation of the Revolutionary command Council resolution [dissolved] No. 213 of 2000, and the first reading of the proposed cancellation of the Revolutionary command Council resolution [dissolved] No. 80 of 2000 and the first reading of the proposed cancellation of the Revolutionary command Council resolution [dissolved] No. 481 for the year 1989 ".
da58 says():Today the central bank sells $ 144 million
History of edits:: 07/11/2016 14:38 • 47 visits readable • published in Section: Economy
[Oan- Baghdad] amounted to sales of the Iraqi Central Bank, on Monday, in the auction for the sale of foreign currency of $ 144 million.
According to a statement of the bank, the agency received all of Iraq [where] a copy of " The size of the amount sold today totaled 144 million, and 655 thousand, and $ 365, priced at 1182 dinars exchange rate against the dollar, and with the participation of 32 banks and 17 companies for the fiscal transfer."
The statement said that " sale amounts transferred to the accounts of banks abroad will be priced at 1190 dinars per dollar, and the cash sales price shall be the price of 1182 dinars per dollar. "
He pointed out that" the amount of remittances and credits totaled 114 million, and 430 thousand and $ 365, while the quantity sold in cash 30 million , and 225 thousand dollars. "
The face of the Iraqi Central Bank, approved companies and money transfer companies , broker for the sale and purchase of foreign currencies all reduce the amount of the sale of foreign of the US dollar currency for those wishing to travel outside the country. banks and select the bank to these entities , " the amount of 3000 dollars selling instead of 5 thousands of dollars for citizens wishing to obtain a dollar to cover their expenses abroad. "
da58 says():US Defense Secretary: send 560 soldiers to participate in the restoration of Mosul operations
11/07/2016 15:43 pm (Baghdad time)Announced that US Secretary of Defense Ashton Carter, Monday, that his country would send about 560 extra troops to Iraq to help Iraqi forces to liberate the city of Mosul.
Carter said in a statement, "Reuters" reported, and I followed / balances News /, "The United States will send about 560 extra troops to Iraq to step up the campaign against the organization of the Islamic state and advise local troops in the plan to restore Mosul this year."
He added that "some" soldiers "will go to Qayyarah Air Force Base, recaptured by Iraqi forces on Saturday near the northern city of the country."
It is said that Carter arrived this morning, to Baghdad to meet with officials Aracaan. LINK
subgirl says to da58():that was just on fox news this morning about Carter being in Iraq and adding more troops...