Sweetmoves1: Another Periscope update with video link
I decided to go on Periscope for myself to ask someone in Iraq what the rate was.
I was surprised when He told me the rate is 100 USD to 122 IQD.
I recorded it and put it up on youtube for you all to see. I hope this info is correct!! the link is below.
Sweetmoves1: It sounds like to me 1 USD = 1.25 IQD or 1 IQD = .80 cents. I don't have an actual video screen of the price. Periscope is a video social media site. The guy was sitting in cafe when I asked him. He would have to hold his phone up to a PC that showed the rates or take his phone into the bank and record the bank screens which I doubt would happen. I followed him so I will ask him again when he go live.
Jer39prov6: It's almost 1:1 sounds like a reinstatement to me! And where an RI is, an RV is sure to follow! Woohoo!
Cookndrive: An Iraqi in country said that the exchange rate is 125 Dinar/ $100, which is aprox. $0.82 per Dinar... He seemed to do a lot of thinking, before coming up with the rate...???
daz :RELAX GUYS..ITS ALL GOOD....IF ITS .82 IN COUNTRY..YOU STIL HAVE TO CALCULATE IN THE EXCHANGE RATE MULTIPLIER FOR A RATE HERE IN THE US OR OTHER COUNTRIES…..THE ESTABISHED EXCHANGE RATE MULTIPLIER IS DIFFERENT IN EACH COUNTRY...AND THE MULTIPLIER IS DIFFERENT FOR EACH AND EVERY CURRENCY CONTEMPLATEDFOR EXCHANGE..THE MULTIPLIER IS A FUNCTON TO ACHIEVE A PARITY OF ECONOMIES AND CURRENCY UPON TRADE.
Shane: we were told years ago that it would come out at $.84 and then three or four days I had $3.22 +20% this may be what's going on
Shane: Daz I agree it's all good and by the way $.84 is $840,000 per million
OKRocks: Reinstatement to RV plus like Daz said add in exchange rate multiplier... It doesnt matter what the number is it tells us we are on the move and no turning back now! Sooo excited
elmerf123456 : REMEMBER!! Once you have your blessing, everyone will have an opinion and a suggestion for you regarding your new wealth. Some will be good and some not. Listen politely and professionally, but NO DECISION has to be done Right Now! Execute the 24-48 hour rule! A timeout for you to THINK! If you've learned anything in this journey its patience!
[xyz] Parliamentary Finance Committee confirmed on Sunday that the new salary scale, which seeks to implement the federal government provides to the state budget dollars only
[xyz] cbi: (Uncles) (lectures on instructions to mediate companies) from the date of 12.13.2015 until 17.12.2015 of (276) companies during the month of December 06/12/2015
firefly The 1st step to the public monetary reform began on the 1st when the CBI changed their rates. They told us they would adjust 2 days prior...And sure enough... They must turn the currency on before the LDs and fils are distributed to the private sector!
The LDs are worthless at the rate they are now.`
Millionday : (Repost) Article quote: "...there is an urgent need for action to raise the value of the dinar in the exchange market through direct and constant intervention of the Central Bank Iraq..."
THERE IS AN URGENT NEED TO REVALUE AND ALSO ADD IT TO THE MARKET...THE CURRENCY MARKET... IT IS URGENT TO CHANGE THE EXCHANGE RATE TO A RATE THAT IS COMPETITIVE IN THE MARKET AND WILL BE IMPACTED BY SUPPLY AND DEMAND AND ALSO THE OTHER RATES OF CURRENCY THEY DO BUSINESS THEY HAVE AGREEMENTS WITH.
THE SUPPLY AND DEMAND WILL HELP THEM DECIDE THE NOMINAL VALUE OF THE DINAR AGAINST THE INTERNATIONAL RATES.
THE MOVE ON THE EXCHANGE RATE IS FOR THE SUPPORT TO MAKE THE CURRENCY INTERNATIONALLY ACCEPTED AND SUPPORTED.
WITH THE NEWS OF THE 20-16 BUDGET READY FOR VOTE AND PARLIAMENT READY AS WELL AND ALL THE REST OF THE NEWS WE HAVE SEEN >>>THIS IS FANTASTIC...WHOOOPOW.
Walkingstick: Parliamentary Finance likely vote on the 2016 budget mid-month
Written by AH Date: 06/12/2015 12:37
Baghdad - INA / announced member of the parliamentary finance committee, Masood Haider, on Sunday, the government not to send amendments to the 2016 budget, likely to discuss the budget and voting upon the middle of this month.
Haider said, for "the official Iraqi News Agency," "The federal government did not send so far the terms of the amendments, which took place on the state budget for next year 2016."
He added that "the Committee pending the amendments, which stopped because of the general budget debate within the Commission until sent," Msttrda "We do not know the reason for the delay by the government."
But Haider pointed out that "it is supposed to discuss the budget and voting upon the middle of this month."
http://www.iraqnewsagency.com/%D8%A7%D9 ... %88%D8%A7/
Walkingstick: Association of Banks: The third conference will draw a map of the work of private banks for the next year
History of edits:: 2015/12/6 14:49 •
[Baghdad - where]
assured the Executive Director of the Association of Iraqi private banks Ali Tariq that the third conference to be held by the Association in the 12 and 13 of this month in Baghdad, will chart the work of private banks map in Iraq in the coming year, adding that the conference will witness the presence Arab significant for various public and private banking institutions.
Tariq said during a press Preparatory Conference for the third conference to be held by the Iraqi Association of private banks in the 12 and 13 of this month in Baghdad attended by the correspondent of the agency all of Iraq [where], it is important to have the country's special and strong banking sector, "explaining that" the next conference which will be held in the 12 and 13 of December of this will witness the presence Arab great to various public and private banking institutions.
"He added that" the conference which will be held under the slogan [the banking sector gate of financial inclusion and pillar of the reform and sustainable development, will discuss many topics, including the Iraqi banking sector relationship outside Ocean and the role of the banking sector is also in a stage through which Iraq.
"He continued Tariq" The conference will draw a map of 2016 of Iraqi private banks, "noting that" the previous conference has made a lot of recommendations and proposals with the support of the Iraqi Council of Representatives / the Commission on the economy, investment and the support of the Central Bank of Iraq. " .
He stressed the importance that "the banking sector to achieve growth and development and beyond the difficulties, which is actually capable of that, and that takes a role larger, as well as the state institutions must be integrated with the private sector and that a genuine partnership between government and the private sector realized."
For his part, Chairman of the Committee of Economy and Investment parliamentary Jawad al-Bolani said during the conference that "the central bank's initiative to give the task of small and medium-sized loans to stimulate the private sector, so it can not be for us to see a successful industry without powered by the state private sector," noting that "the next conference held by the private bank association Iraq under the banner of [the banking sector gate of financial inclusion and pillar of the reform and sustainable development] will be important for Iraq toward a market economy.
"He added that" the process of work accompanied by a lot of challenges and problems and some have taken the opportunity to realize their gains, but these voices fade to work hard and fair, "adding "The government in all sectors tend to build institutional sober all-round inclusive of the banking sector, in order to keep abreast of developments in the world."
attended the conference, which was held at the Babylon Hotel in central Baghdad a lot of media have been many questions raised regarding the work of the Special Conference to be held by the banking sector Iraqi private banks association in the 12 and 13 of this month under the banner of [the banking sector and financial inclusion gate pillar reform and sustainable development in Arashid.anthy Hotel
http://www.alliraqnews.com/modules/news ... ryid=23242