.IQDCalls Chat Early Friday 4-5-19
Post From IQDCalls Chat Room
Chat Room News Excerpts & Highlights Early Friday 4-5-19
sandyf @Young SC sandyf You should stick around more often instead of saying your opinion.
It is a bit more than opinion. Sam and Kap post both fact and opinion and you do everything you can to rubbish both. Sam has said the IQD has devalued since 2012, perfectly true, and in his opinion will devalue again, nothing wrong with that.
Kap has stated facts from the IMF which are perfectly true, but could be open to interpretation, nothing wrong with that. He has also said in his opinion the IQD will float, I wouldn't agree but he is entitled to his opinion, just as the CBI are entitled to change their monetary policy.
Sandyf A few weeks back you posted a few lines from an opinion based article by a financial analyst and made out it was fact, a gross distortion of the truth.
In 2011 the CBI made this statement "Iraq plans to redenominate its dinar currency by knocking three zeros off the nominal value of bank notes to simplify financial transactions, a senior central bank official said on Saturday."
SandyF You are out of order trying to tell people it has never been said. If you want to have a debate I usually have some free time around 3pm my time.
Tebow sandyf In 2011 the CBI made this statement...... A lot can change in 8 yrs
larrykn most of the news yesterday was about the Saudi trade deals with Iraq
larrykn they don't have much news coming out on a Friday
Deano all I'm going to say is if the zim bonds are redeemable I told you so ha ha
Woke AF Herman Cain: We Need a Dollar as Good as Gold (Opinion)
A gold standard is to the moochers and looters in government what sunlight and garlic are to vampires. https://www.wsj.com/articles/SB10001424052702304070304577395891113592150?ns=prod/accounts-wsj
Deano so everyone is now an expert it seems. You have those that make fun of Kap and Sam I Am because of their theories. I don't have any proof they will. Can someone show me proof that they won't ?
Deano I don't want opinions. I want cold hard facts.
Baxter Deano... the zim was demonitized years ago... it is worthless
Deano @Baxter I'm not asking what they done years ago. I'm asking for someone to provide proof that it's worthless.
Baxter The Zimbabwean dollar was introduced in 1980 to directly replace the Rhodesian dollar (which had been introduced in 1970) at par (1:1), at a similar value to the US dollar. Over time, hyperinflation in Zimbabwe reduced the Zimbabwe dollar to one of the lowest valued currency units in the world.
It was redenominated three times (in 2006, 2008 and 2009), with denominations up to a $100 trillion banknote issued. The final redenomination produced the "fourth dollar" (ZWL), which was worth 1025 ZWD (first dollars).
Use of the Zimbabwean dollar as an official currency was effectively abandoned on 12 April 2009. It was demonetised in 2015, with outstanding accounts able to be reimbursed until April 30, 2016.
In place of the Zimbabwean dollar, currencies including the South African rand, Botswana pula, pound sterling, Indian rupee, euro, Japanese yen, Australian dollar, Chinese yuan, and the United States dollar are now regularly used.
Woke AF Deano just hang on to it. This is a crazy topsy-turvy ride~
BaxterOnce a currency is demonitized.. it is DONE... zim was demonitized in 2015
Woke AF I'm still holding on to mine~
Young SC Association of Iraqi private banks holds a preparatory meeting for the day of financial inclusion
Young SC http://economy-news.net/content.php?id=16109
Baxter wonder what that is all about?
Doug_W Money Bax
Future The agenda of the parliamentary session on 10 April
Lance This is from MG. If true, this does not bode well for anything to happen too quick. "-The CBI just opened the 2019 budget as pressure was pushing them to do so.
It opened and paid out at the program rate; Well, well, well…it looks like Iraq has finally opened their 2019 budget and paid out at the 1180 rate according to this article. So we all know what that means. We need to settle down, relax, put our dinar back into the shoe box and on the shelf. This is going to be yet another end of year January 2020."
future The agenda of the meeting includes "the vote on the draft financial administration law"
Baxter great... just great
future now we have yo ask ourselves what is financial administration law?
future He added that "the Committee is keen to enact the law of financial administration as it gives a complete road map of the financial policy in the country in terms of management of money and cash in the state," pointing out that "the change will raise the exchange rate of the Iraqi dinar against foreign currencies while maintaining the stability of inflation In the country".
future this law will raise the exchange rate
Baxter well... lets pass that one
future exactly lol transparency
Baxter my dime is spinning... still
future hopefully not for much longer
Baxter im ready.. where do I sign
Baxter thats on april 10?
future they never passed this bcause they were stealing lmao
Baxter probably so
future once they pass this law its over for them
future and the dinar will raise in value
future probably why maliki never did it
Baxter I pray every day
Young SC future when will they pass that law?
Goofus Young SC Best I can tell: 12th of Never.
Young SC AMfuture The agenda of the meeting includes "the vote on the draft financial administration law"
Young SC Is that next week?
Baxter I think the 10th
Young SC Well they did say they wanted to raise the exchange rate against foreign currency sooner rather then later
Future april 10 is the vote
Young SC Hmm interesting
Baxter No.. more than interesting...
Young SC 4-5-2019 Intel Guru Bruce It is currently on the Bank screens at $7.62, and it should elevate...It is projected to get to $7.92 tomorrow [Friday] afternoon. ...Iraq is supposed to put everything they have in the Gazette Saturday morning Iraqi time...No, we do not have to wait on them.
That is good...the Dong is projected tomorrow [Friday] afternoon, this is what I was told, $5.48...Am I calling it? I am doing my best not to call it. It is what it is. Take that for what it is, and we will see how that plays out... I am excited about where we are...
Portmagaland Lance so, we have to wait until 01/2020 because they came out with the program ratexin their budget.
Lance Portmagaland No idea, just brought in what MG had in her blog today.
Lance Hopefully with the conversation TWWIII and Baxter had yesterday that the coast is still clear for some movement in our favor.......and there was no indication TWWIII was telling a fib about anything that was "pertinent." Frank asked me to use that word and that would be IHO. LOL
: "-The CBI just opened the 2019 budget as pressure was pushing them to do so. It opened and paid out at the program rate; Well, well, well…it looks like Iraq has finally opened their 2019 budget and paid out at the 1180 rate according to this article. So we all know what that means.
We need to settle down, relax, put our dinar back into the shoe box and on the shelf. This is going to be yet another end of year January 2020."
larrykn of course it came out at 1190, thats the rate today, all will change when they are ready to revalue
larrykn they are working on getting things going, the trade deals they are working on is what they should be paying attention too, thats where the news is at, they are moving forward
future a rate in the budget is irrelevant and always has been those numbers can be changed what we are looking for is major laws to be passed and implemented to enact monetary change in the iraqi dinar.
future until then we wait
Dave future no GCR?
future dave i am not so sure about a full blown gcr
future i do believe Trump and the imf want everyone at a level pllaying field
future how that will transpire is anyones guess
future but i thin it does tie into our corrupt monetary system that countries can and continue to take advantage of keeping their currency low
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