Post From Dinar Updates
Chat Room Excerpts & Highlights
Dinar Updates Tuesday AM Chat 9-12-16
cobalt says to MrsBGG():Not been seeing Hutch and rcookie for a WHILE........
are they still with DU?
Woodywoodpecker says():rcookie was here yesterday
MrsBGG says to cobalt():Mr. BGG Just took a break for a few days.
MrsBGG says to Woodywoodpecker():There you go!! Thank you :)
MrsBGG says to Woodywoodpecker():How are the trees?
MrsBGG says to Woodywoodpecker()::D
cobalt says to MrsBGG():Okay and thank you very much(F)(F)
Woodywoodpecker says():trees are nice this morning tall too
woodpecker says():when we RV I am going to buy me a whole forest of my own
MrsBGG says to cobalt():We all need a break/rest day/ vacay once in awhile..... :)
cobalt says to MrsBGG():That is certainly correct and I agree!
tman23 says():Okay... Here we go with a short bit of explanation...... Folks would get upset in past when I posted 1305 -1 and this is what was said in several meetings back in March by "Keywords" when meeting with Bankers and GOI members.....
That said, today we are seeing 1300-1 .... This is from this past Friday....... Recorded foreign currency markets in Iraq, on Friday morning, up to the price of the dollar against the Iraqi dinar.
And record market price in exchange struggle in Baghdad at half past nine in the morning in 1295 dinars to the dollar. The buying and selling of the dollar in the prices of banking companies were:
The sale price of the dollar to 1300 dinars, ie 130 000 dinars, for a hundred dollars. Here is a link for Dollar rises in Iraq to 1300 Dinars....... KEEP THIS IN MIND AS ADD MORE TO THE SUBJECT... GIVE ME A FEW MINUTES....
clay says to tman23():whats that all mean to us
Baxter says():TMAN.... that 1300 is the Market Price.. correct? if so... that puts the spread above 10%... never been that high..
tman23 says():This is a link to Kurdistan International Bank and the Master Card (Debit/Gift card) https://www.kibid.com/english/master-card ............
This card is offered as a gift card like we see in the States.. There were pictures of the card with 130,000 printed on the bottom.....
The 130,000 card is $100 usd..... These cards were pre-stamped......Same as a $50 Home Depot gift card etc etc..
I can't find the pics that would be prove the card exists but I will search later.....for now you will have to take my word.......
Beeson says():so if they are issuing cards with the existing rate...what does that tell us ?
DIGIman1 says():that they can access funds globally
Beeson says():so does it mean that it will be sorta forced to RI ?
Pablo says():Which means that they are global.
DIGIman1 says():imo, its the start of currency flow
Beeson says to DIGIman1():and means what ?
DIGIman1 says():means you have to start somewhere. If you want to go someplace, you need a route or path...
Pablo says():You need to be internationally recognized for that path to flow.
Beeson says to DIGIman1():that they will start using it in country and out ?
DIGIman1 says(): now they can use it anywhere....yes
DIGIman1 says():if its accepted, ofcourse....
Pablo says():MAsterCard is pertty universally accepted. If they are starting to use the Dinar, the banks won't be far behind.
Beeson says():has anyone figured out who sets the rate IMF or them ? im guessing IMF lol
DIGIman1 says():CBI sets the rate....
Beeson says to DIGIman1():oh really...cool..
Beeson says to DIGIman1():so if they want to pay zillions of dinars..for goods .. then they will be broke soon ?? this is a question :$
tman23 says():We know the GOI members took a hair cut as a new salary scale was introduced.......
Abadi took a 7 million dinar salary....Massoum is 8 million...... When looking inside the Minister of Finance numbers and the purchase through the CBI....
The numbers were working out to around 70 cents per dinar........ Take Massoum 8 million dinar monthly salary...... 8,000 times the .70 cents is $5,600 per month......$67,200 per year.... (a big drop from the over 400k per year)..
The international standard would fall around 180k-230k..... to reach that would have to put the dinar at a value over 2.25...... Adjusting salaries again would be a real chore.......quite frankly almost impossible......
Beeson says to tman23():(y)wow ty
tman23 says():Figure where they are headed gets corky....simple reason being that market sensitive information is never going to be released......
We can read all the IMF reports and see they are working with Iraq to put them on a path of not being a rentier country......an oil dependent economy won't work anymore in the new "climate change" globalism move......
tman23 says():The Central Bank announced through the media that they would introduce new currency in September 2012. This was widely reported in the Baghdad local media. Abdul-Hussein Abtan, Economic Committee Member of Parliament in Baghdad, stated in a press conference that there is an initial agreement between
Parliament and the central bank to start the process of removing three zeros in September 2012. This was great news and people all over the world were excited about the new Iraq currency. However, not everyone was pleased with this news and on board with this plan.
The Securities Exchange in Baghdad had a problem with the CBI and their new currency plan saying it would interfere with the value of the price of stock.
Read More :http://www.dinarupdates.com/showthread.php?40841-Tuesday-September-13-2016