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Thoughts From Delta and KTFA Members Sunday Night - 8/30/2015


ronscarpa
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The second half is more interesting, but I thought I'd bring this over for those interested...! 

 

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Sunday Night Dinar Chatter with Delta @ KTFA - 8/30/2015


walkongstick Correct Heading: Iraq get a credit rating attracts investment

http://www.alsabaah.iq/ArticleShow.aspx?ID=99005

Frank26: Well done WS.

Saw this .......... Saw postings on it ......... Smiled but i too wanted to scream.

Looks like You took the first step to help and explain to our KTFA FAMILY.

Indeed Sir .......... Well done. FAMILY ........... Domestic BONDS are telling You things.
....
************

Aprilgold: Congratulations Iraq,we have been waiting for this

IslandG1211: HERE WE GO: A- Credit Rating! That's SERIOUS monetary reform!

************

AnnM.: I know some of you are saying because of the bonds being released from the beginning of the month and ends on end that we shouldn't expect any increase in September.

However, the last time they released the bonds at 1166 they fell flat on their face because no one wanted to buy bonds, especially the citizens, at a lame program rate.

IMO, I think they have to raise the value before or at least at the same time as the bonds being released at the first of September. Ann

Lexi: They said they are selling them at 1095 but that's not much better than program rate imo. Kinda wondering if they will fall flat on their face at that rate but who really knows except probably a couple people that are owning this right now

McDan: IMO THE CBI is sell Dinar for $1095 per million Dinar at interest by the way of Bonds . The amount of Dinars is over 2 trillions of Dinar . They said they want to call the bonds in before maturity if I am remember the other posts that has come out on the Bonds

IMO THE DEAL the same thing we have been doing , but you will draw interest on your investment. The same as placing your Dinars in a Iraq bank with less risk.

**************

Shade :so did Iraq receive "a" credit rating (B-) or did they receive A- credit rating?
IMO, the article looks like it's says they received "a" credit rating which is B-

DELTA: HELLO FAMILY: IT'S B-, AND NOT A-......... WRONG TRANSLATION AS USUAL.

THE CBI DID EXTEND THE SELL OF BONDS ANOTHER MONTH, UNTIL THE END OF SEP!!!

SO MY Q TO YOU FAMILY IS..... WHY DID THE CBI DO THAT ?

**************

Notthe1: CBI imo ,.. does not like the rating .... waiting for a better day.

DELTA: NO IT'S NOT THE RATING!!! WE WILL SEE WHO WILL GET THE RIGHT ANSWER !!!

Shade: Delta: Is it because they did not sell well the first time but now, with reforms in high speed, people have more confidence and may be willing to buy?

McDan: It keep the rate at appox .91 cents after dropping the three zero off of the .0009 rate. IMO

JR1353: Delta .. is it possibly to get the citizens into the banks .. and to develop a need for the Dinar, in-country? Or, could the bond sale, be to help cover its budget deficit? (with oil prices falling)

Zerb: to allow the dear Dr. to raise the value to the correct rate on sept 1...dearest Delta Sir! Billions and billions is just pouring back into Iraqi banks. Give the citizens purchasing power and release the LD's. Countries surrounding Iraq also need help NOW!

Cinderella1906: Delta would it be they are in short supply of dinar and need to pull some in.

Rlnbwtk: Delta, they want the citizens to bring in more of their currency and are offering a rate of 1096(?) to entice them before they raise the three ooo's. possibly.

Alan: I don't think it's about the rate change. I think the banks want to get more people in the banks to inquire about bonds. Once there in the banks now you can talk about opening accounts and loans.

Lexi: Is it because they are still not ready to release the new rate and this can buy them more time?

Iggy: maybe they need to raise the rate?

JR1353: Delta .. could the sale of domestic bonds, be laying-the-ground-work, for the up-coming sale of international bonds?

JustinandDeb: Delta …For a RI in country so that the citizens can buy the bonds followed be a RV so the bonds can be sold internationally to us.

NanaCarol: So that all of those citizens who made it to the Green Zone making it more secure will have a chance to participate as they enjoy the new value of their currency.

DELTA: WITH THE CBI GIVING ANOTHER MONTH AT 1095 TO SELL BONDS, SEP IS OUT THE WINDOW, OUR NEXT TARGET WILL BE OCTOBER.


More Thoughts From Delta and KTFA Members Sunday Night - 8/30/2015


Shade :so did Iraq receive "a" credit rating (B-) or did they receive A- credit rating?
IMO, the article looks like it's says they received "a" credit rating which is B-

DELTA: HELLO FAMILY: IT'S B-, AND NOT A-......... WRONG TRANSLATION AS USUAL.

THE CBI DID EXTEND THE SELL OF BONDS ANOTHER MONTH, UNTIL THE END OF SEP!!!

SO MY Q TO YOU FAMILY IS..... WHY DID THE CBI DO THAT ?

kitkat Could it be because the bonds are not selling.
....
DELTA: BINGO WE HAVE A WINNER!!!

MY 2ND Q WILL BE WHY NO ONE IS BUYING IT ?

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Moneytalks1: Hi delta,If no one is buying it, why is the CBI extending it for one more month? Thanks.

Baker: Delta what if no one ever buys the bonds?

DELTA: THEY WILL TRY SOMETHING ELSE OR EVEN CANCEL THEM

Dnari131: Yep Delta...Let's go with "Something Else"

Kitkat: IMO! The reason they are not selling is because the citizens know
the rate is going to increase soon.

Pappa-J: OK DELTA--- I'LL BITE ON YOUR SECOND QUESTION

CITIZENS KNOW THE CHANGE IS COMING --- WHY WOULD YOU BUY BONDS AT A PROGRAM RATE 1050 DINARS PLUS FOR A PALTRY 8% OR SO THAT GAINS YOU NOTHING WHEN YOU KNOW BY HOLDING ON TO THEIR 000 NOTES THEY WILL BE WORTH A THOUSAND TIMES MORE AT 1 TO 1----

AGAIN THEY INSULT THEIR CITIZENS INTELLIGENCE

THEY SAID IN THE ARTICLE THAT THEY WERE EXTENDING TILL 29 SEPT ----

INTERESTING THAT THE 29TH IS A TUESDAY FIRST DAY OF WEEK FOR THE BANKS TO BE DOING INTENTIONAL BUSINESS--- TUES- THURS EVERY WEEK ,REST OF THE WEEK IS USED FOR RECLAMATION IN THEIR SYSTEMS. BTW FITS YOUR SUMMATION THAT THE CHANGE APPEARS BEFORE US's MONETARY NEW YEAR OF 01 OCT.

IT'S NOT ALL ABOUT IRAQ EVEN THOUGH THEY ARE THE LYNCHPIN CURRENCY ----- ALL IMO PJ

Aggiedad77: Best opinion of the night.....IMO of course

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Alan: :Delta do you know how much of the 2015 budget has been used? 90%?

DELTA: AROUND 95%

Lexi: I'm just thinking out loud but if they have depleted that much then how can the HCL be in there ?

Alan: Maybe the HCL makes up the remainder of the budget and they can't use it until the HCL is implemented thus why we should see a new rate before they start using the 2016 budget

Lexi: Could be…..Hope that's the case

Iggy: the only thing i can think of is it must be able to be passed from budget to budget...if i remember correctly it was also in the 2014 budget...

Cinderella1906: Wouldn't an RV solve most of their problems .. Instead of trying all these other things
Eric0777: The US fiscal year begins Oct 1. Maybe it's as a favor to the US government, to allow them to enact the new tax laws before US citizens can take advantage of the rate change......IMO.

McDan: Oct. 1 is the middle of the IMF BUDGET
The bonds sale at 1095 as of this posting stops the value in the Bonds. The rate can change in Sept. With a implementation Oct. 1

Alan: To start the new year at 1166 would be crazy. Wouldn't they need to ri/rv at the beginning of the year. Seems they need to get their books in order. 2016 budget should have a rate if they intend to raise it in 2016.

DELTA: YES... IMO WE WILL SEE THE CHANGE BEFORE THE NEW YEAR!!!

Photoman: When does the Iraq new year start

BigSpring: IRAQ OPERATES THEIR FISCAL YEAR FROM JANUARY 1st thru DECEMBER 31st. THEY DO NOT GO BY THE ISLAMIC CALENDER FOR THINGS LIKE THIS...

************

Walkingstick August 30th, 2015, 9:34 pm 

FISCAL, FINANCIAL AND OR BUDGET YEAR... IRAQ BANKING LAW "ARTICLE 40"

Article 40 Financial year

The financial year of domestic banks shall begin on January 1 and end on December 31 of
the same year. For a branch of a foreign bank, the financial year may differ.

http://cbi.iq/documents/banking_law_f.pdf

 

 

:tiphat:RON .......... Have a great week...!

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For All Of U Scrolling Past The Chat Just To Read The Comments And Save Time ...

I'll Cut To The Chase - They're Saying October 1st ! :o

The Clown Drops The Mic And Walks Into A Wall ...

:D:D:D

Thx For The Post Capt Ron ! ;)

B)B)

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