islandg1211:If Maliki wants a third term, yet his own party wants Chalibi, and the IMF, CBI, UN and the US want a stable government - which implies following Iraq's Constitutional election proceedures, wouldn't Maliki have to be nominated, then elected by the new seated government and not by any agreement?
Last time, Maliki lost the election, stayed on to contest it, got a an agreement out of Bidon, and everyone suffered. That being said, wouldn't Maliki really being pushing to get the CBI to come out with a reality rate this week so he could take credit and actually get himself properly nominated for PM?
Frank26: Friend ........ It it difficult to guesstimate M's thinking because he rarely does. It is more instinctual. Evil thoughts usually are. Without logic nor consideration of the outcome.
As I said on M / T and Sat CC's .......... What truly happened in Mosul has now given the Kurds back their land and then the other 6 results we mentioned that blossomed too.............
Evenstar: Backdoc- I love your "Opinions" May I ask a dumb question? Who or What is "Oz" you refer to so much? I have not been able to figure that one out.....Thanks so much for all your recent posts......Love reading them...Evenstar
Backdoc: AS I HAVE STATED IN MY POSTS : CBI,WORLD BANK, IMF, U.S.T.
NO QUESTION IS EVER TOO DUMB !! I JUST TRY TO MAKE A COMPLICATED ISSUE A LITTLE SIMPLER AND MORE FUN !! LOL DOC
benblessed1: wrote on June 22nd, 2014, 2:39 pm:
Okay I need some skull crusher insight! Does this mean anything? Because the rate is showing at Kurdistan Ministry of Finance site---looks like an RI? DOES THIS MEAN ANYTHING BACKDOC? http://www.mof-krg.org/Default.aspx?l=1
At least to me it seems someone believes the rate has CHANGED! benblessed1
Backdoc: AWESOME GUYS !! I WE HAVE TO REMEMBER THAT UNTIL THE RATE GOES LIVE AGAIN WE ARE STILL PEGGED TO THE 1166 RATE INTERNATIONALLY LOL
I WILL ADD, IF I'M RIGHT THAT THE RE-DENOMINATION IS DONE, THEY MAY ELECT TO RAISE IT EVEN MORE AND EVEN LOCK IT IN AS A MANAGED FLOAT.
WE JUST WON'T KNOW UNTIL IT HAPPENS RIGHT.
THE ARTICLES SMELL LIKE A FLOAT SINCE THEY SAY THINGS LIKE, "WE WILL DEFEND OUR CURRENCY VIGOROUSLY".
ALSO THEY STATE THAT WILL "DEFEND IT WITH NO CEILING".
GUYS, THOSE STATEMENTS SMELL LIKE A FREE FLOAT !! HECK I DON'T GIVE A RIP WHAT THEY DO RIGHT ?
I JUST BELIEVE IT WILL BE HIGHER THAN KUWAIT, AND PROBABLY QUICKLY !! DOC
harvestime » June 22nd, 2014, Hello Backdoc:
Thank you so much for the information that you bring to the KTFA family. Ok, I have a question...or maybe 2....Where do you find that the dinar will be traded at 1116.9? Will you also explain what this means and what happens now. I know you probably have already explained, but I just need some clarification in order to get better understanding. Thank you again for everything! It is so very appreciated.
backdoc wrote on June 22nd, 2014, 10:31 pm:
THERE IS A RATE THAT IS USED BETWEEN BANKS, THAT IS THE RATE SPOKEN ABOUT IN MANY OF THE ARTICLES. WHEN THEY SAY THE RATE IS UP OR DOWN CURRENTLY, THAT DOESN’T APPLY TO US.
THE RATE THAT APPLYS TO US IS FROZEN AT THE 1116.9 RATE AT PRESENT. THIS IS THE ONLY RATE THAT MATTERS BECAUSE WHEN THIS GOES LIVE AGAIN I BELIEVE WE WILL SEE THE ZEROS GONE BASED ON WHAT WE HAVE HEARD THE CBI STATE CLEARLY !! I
PERSONALLY THINK THEY TRIED TO THROW US OFF THE MONEY TRAIL BY KEEPING THE AMOUNT OF 70 BILLION THE SAME AS WHEN IT WAS FOREIGN CURRENCY AND THEN SWITCHING GEARS TO DINARS.
THE CURRENCY APP. I USE IS XE ! IT CLEARLY SHOWS A FLATLINE FROM AFTER HOURS ON THURS. JUNE 19TH TO NOW !! THIS IS A BREAK IN PATTERN SINCE I’VE NEVER SEEN THIS BEFORE. THE DINAR HAS ALWAYS TRADED LIKE THE STOCKS DO IN IRAQ ONLY OF COURSE SINCE IT IS NOT YET INTERNATIONAL !!
YOU ALSO ASKED WHAT HAPPENS NOW ? THE SHORT ANSWER IS NOTHING UNTIL THEY DECIDE TO LET THE MARKET PLACE BUY OR SELL IT AGAIN ! IT IS SIMPLY FROZEN IN TIME FOR NOW !!
THERE IS NO TRADING OF IT IN THE MARKET PLACE. THIS IS ALSO STRANGE SINCE STOCKS CONTINUE TO TRADE AS I MENTIONED IN MY POST. I WILL PROBABLY ADDRESS WHAT HAPPENS NEXT IN MY NEXT POST !! THANKS DOC