DINAR UPDATES 4-9-16
Post From Dinar Updates
Chat Room Excerpts & Highlights
Dinar Updates Saturday Evening Chat 4-9-16
rcookie says to wmawhite():WELL WE HAVE IN INK...THE KIND OF INCENTIVES IN PLAY TO ENTICE AND ACQUIRE INTERNATIONAL BUSINESS AND INVESTMENT AND WOW!!!!!!
rcookie says to wmawhite(5):DID YOU SEE....
rcookie says():VERY INTERESTING AND INSIGHTFUL
rcookie says():DID YOU ALL SEE....
larrykn says to rcookie():haven't seen it
rudie says():sweeten the pot for investors!
rcookie says to rudie():THIS IS HUGE....SHOWS DIRECT FOCUS AND ACTION TO THE INITIATIVES ISSUES BY THE WORLD BANK TO IRAQ TOWARDS THE RESTRUCTURE AND PRIVATIZATION OF SOE'S.....
rcookie says to rudie():YES IT SURE DOES....
rudie says():yes it's awesome! Moving in the right direction for sure!
rcookie says to rudie():AND RAISES THE BAR FOR REGIONAL COMPETITORS THAT IRAQ IS VIEING FOR INTERNATIONAL BUSINESS AND INVESTMENT....
rcookie says to rudie():THEY WILL HAVE TO MEET THE CHALLENGE TO COMPETE...
rcookie says to rudie():NICE TOUCH..
rudie says to rcookie():yep!
rcookie says():SO MUCH GOING ON IN SHORT TERM WINDOW...
rudie says to rcookie():Did you see any comfirmation about CBI Gov?
rudie says to rcookie():Yes and the laws on Tuesday right and technocrats on Mon for vote
rcookie says():NO...NOT OTHER THAN HOLLY'S POST...
rcookie says():THAT MAY HAVE BEEN MORE TRANSLATION...
rudie says to rcookie():k thx
rudie says to rcookie():oh ok just curious
rudie says(5):Seems they are staying on task....very exciting!
LLN65 says to rudie():yes it looks very good!!
wmawhite says():This is part of the report from Iraqi media about what Secretary of State delivered to Iraq. It is WOW:
wmawhite says():These data did not change after the visit of US Secretary of State, John Kerry, in a surprise visit last arrived in Baghdad two days ago, bringing with him a number of recommendations of the Iraqi political forces, the recommendations put everyone in front of Quick time,
everyone should be aware of the seriousness of the social and political transformations that runs in the street Iraq, in order to Tlav summer storm that may will be devastating, from here Kerry was clear,
according to people close to the corridors of the meetings between him and the various Iraqi forces "should not the Iraqi political forces that are considered a storm of reform have promised and that it must be paid the wheel of reform forward one way or another, time is running out and must do something. "
wmawhite says(): LINK
Baxter says():Finally .. Kerry is right about something..... Time is running out..and must do something... (y)
larrykn says to wmawhite():I like that, for the first time Kerry is making sence lol
foxmulder says to Baxter():no kidding !!
Baxter says():Wonder who wrote his speech... (lol)
wmawhite says():this is an opinion piece from an individual who heard the speech and who also spoke with those involved in many of the meeting between Kerry and the Iraqi officials.
wmawhite says():Other parts of the speech informs the "region"....................."No more confusion........Abadi is the guy,...we (USA, NATO) support his efforts.............no more musical chairs,.....get behind your Prime Minister.....;...."
The American side knows that Ebadi is not a personal super could impose her on the political blocs, but the Americans also know that the status of the region can not afford further confusion in the Iraqi arena, things are moving understandings among adults, and negotiations on Iraq is not over yet but it is going forward at a slow pace, "
wmawhite says():See this:........the Americans also know that the status of the region can not afford further confusion in the Iraqi arena,
wmawhite says():Finished playing games.............kick ISIS butt and then settle the region down...........
wmawhite says():Here is another good one:..Abadi: reduced officials' salaries by 40%!
wmawhite says():The prime minister Haider al-Abadi reduced officials' salaries by 40%, adding to continue downwards to reach the lowest rate disparity between the salaries of officials and the salaries of other categories of employees.
wmawhite says(): LINK
RickeyT says to wmawhite():this should happen in the U.S.
RickeyT says to wmawhite():and no secret service protection after you are out of office
tman23 says(8):I'll share this although I held it back because it is not the best of news and no reason to get off track because things are changing and no one knows exactly the plan on currency.........
Orman who heads investments at the CBI was in Dubai after the major bankers meeting a few weeks ago........ There he said; quoting the CBI governor Alak from paper...... to the affect of (simply because word for word I don't have on hand)......
The CBI looks to maintain the rate around the 1300 mark through 2016........the subject of devaluation of the IQD is possible after reflection of the second quarter up to 10%........devaluation has negatives to an importer but positive for domestic growth as pressure to produce more domestic products.......and the project to 3 zeros complete can not take place until all provinces are under the control of Iraq government....... That is what was said..........
A person in Kurdistan who arrived this past week said the exchange in banks is $100 usd for 126,000 IQD and exchange IQD is 128,500 for $100 usd.......... the currency dealers that were on the streets in past appear no more..........And the banks in Kurdistan adverstise the domestic bond investment opportunity........
Mudder says to tman23():I guess that will make the IMF look pretty darn stupid....
tman23 says():At the CBI rate of 1180........how many IQD would you get for $1000 usd ??
foxmulder says to tman23():about a half a mill or less
puffdragon says to tman23():I Dont know if you caught it tmann but there was a report bgg put up that the CBI govornor has been changed !
cjquade54 says():1180000 ................... CBI Gov change not confirmed
tman23 says to puffdragon():yea.....seen that this morning........but that began in Iraq banker chat room.......which they are usually well informed.....but there is no official confirmation
puffdragon says to cjquade54():Maybe its because its not something they want out till its necessary ! JUst a thought !
cjquade54 says to puffdragon():maybe
cjquade54 says to puffdragon():at some point he'll be gone
puffdragon says to cjquade54():It would be best kept quiet as long as possible ! I agree thats a given
tman23 says to cjquade54():yea.......1,180,000 ........ exchange rate in Kurdistan bank.......$100 - 126,000 IQD ........times 10........$1000 would be 1,260,000 IQD ......... Why would the Finance Minister buy from the CBI IQD when get a better deal at the banks.......more IQD........
puffdragon says to cjquade54():Remember Alak did submit a letter of resignation of sorts a bit ago.
cjquade54 says to puffdragon():I read he was willing to offer his resignation but I don't know if he actually has
JETSET says():exciting times!
puffdragon says to cjquade54():Your right as of yet but the report today could be aluding to such a thing !
Knucklehead says to cjquade54():Long ways from a new Governor
tman23 says to cjquade54():The bank buys from the CBI.......... so what is missing here ?? I certainly am not understanding the math...... bank pays cbi 1000 usd for 1,180,000 IQD........and then exchanges 1,260,000 for 1,000 usd ..........what are we missing in the math ??????
JETSET says():the new governor will be the old governor.... shabs is ready to go! ;)
cjquade54 says to tman23():I don't know ... maybe this is part of the "exchange distortions" they need to fix?
Knucklehead says to tman23():Not bad spread if you are laundering
tman23 says():Think about it HARD .......... CBI rate 1180 -1 sell ........ Bank rate sell 1260 -1 ........... So give the CBI $1000 usd you get 1,180,000 IQD ........ You go to Iraq Bank and give them $1000 usd and get 1,260,000 IQD ........... You send to the greedy US Dinar Dealer $1000 usd and get 1,000,000 IQD ............
dwightj says():SO THATS WHAT THEY ARE SELLING THEM FOR TO MAKE MONEY
RickeyT says to tman23():I paid more han that in 2009 and 2010
RickeyT says to tman23():$1050. and $1100.
tman23 says():THE BANK CANNOT BE PAYING THE CBI $1000 USD FOR 1,180,000 iqd........AND TURN AROUND AND EXCHANGE TO THE BANK CUSTOMER $1000 USD FOR 1,260,000 IQD........THE BANK IS LOSING MONEY.....80,000 iqd........
BUCK says():maybe they are doing it backwards, wouldnt surpise me lol lol
RickeyT says to tman23():$860.
tman23 says to RickeyT():we overpaid......no doubt........... the $865 works for a million iqd........
dwightj says():THE BANKS ARESELLING DOLLARS TO THE PEOPLE FOR 1260 DINAR TO THE DOLLAR AND BUYING DOLLARS FROM CBI FOR 1180 THEY ARE MAKEING MONEY
tman23 says():We heard that the rate was 1305 and Alak planned on maintaining that rate through 2016......... For a bank to sell you 126,000 iqd for $100 usd......... then the bank rate makes more sense..........
tman23 says to dwightj():interesting.........but.......at what price is the CBI selling the iqd ??
dwightj says():ACCORDING TO AUCTIONS THEY ARE SELLING DINAR FOR 1182
dwightj says():THE CBI IS BUYING DINAR FOR 1180
Knucklehead says to dwightj():From who?
dwightj says():IF THATS TRUE THEN THE CBI IS LOSEING THE MONEY
tman23 says to dwightj():yep......that is the way I understand it......... and the Kurd bank is selling at 126000 per 100 usd and buying at 128,500 iqd for 100 usd.....
BGG says():Oh - for heaven's sakes...
BGG says():quit with the DOOM and GLOOM.
BGG says():we're going to do a conference call that will BLOW YOUR DOORS OFF... tomorrow.
BGG says():you all ready to have your DOORS BLOWN OFF??