dinareffic Posted February 28, 2017 Report Share Posted February 28, 2017 Consultant Abadi: Cancel the foreign exchange control department of the Central Bank of the need for the new system Date: 11:36 2017/02/27 Information / Baghdad .. Economic Adviser to the Prime Minister counting the appearance of Mohammed Saleh, Sunday, cancellation of foreign exchange control department of the Central Bank of Iraq as a "need" a new political system based on a market economy, pointing out that the creation of the Department of laundering money for the alternative would be for them. Saleh said in a statement / information /, that "a number of academics believe that the abolition of foreign exchange control department at the central bank are the reason behind the smuggling of hard currency and this is rightly believe". He added that "totalitarian regimes based foreign exchange control departments in the monetary policy so as to restrict the movement of funds, either in the democratic systems that rely policy of market economy, it gives freedom of movement of money and after that the change that took place after 2003 from a socialist system to a market economy has to be for Iraq to free account the current account balance of payments, especially after he signed the resolution 1483, which comes to dealing with international organizations. " Saleh pointed out that "Iraq passed the law (56) for the year 2004 relates to full liberalization of the balance of payments and thus became the foreign exchange control department is illegal and therefore issued a law to establish anti-corruption department twirl 93 of 2004 and amended by Law 39 for the year 2015 and this circuit has become a substitute for foreign exchange control department ". It is said that economists believe that the most dangerous steps approved by the US civil administrator in Iraq Paul Bremer towards monetary policy in Iraq cancel foreign exchange control department. Finished / 25 m http://almaalomah.info/2017/02/27/economic/134438 10 Quote Link to comment Share on other sites More sharing options...
Big_J Posted February 28, 2017 Report Share Posted February 28, 2017 GM dinareffic AND DV. 5 Quote Link to comment Share on other sites More sharing options...
idplzr Posted February 28, 2017 Report Share Posted February 28, 2017 This could be the start 8 Quote Link to comment Share on other sites More sharing options...
kwg Posted February 28, 2017 Report Share Posted February 28, 2017 Saleh is in Abadi's ear 24/7 as his closest advisor. He does whatever Saleh says economically. Since Shab's is gone Saleh continues as the mastermind behind the plan. Alak IMHO is just the poster boy. I think this is HUGE news!!! 7 Quote Link to comment Share on other sites More sharing options...
dinareffic Posted February 28, 2017 Author Report Share Posted February 28, 2017 I'm not the brightest bulb, but to me this spells auctions end and you know what begins 6 Quote Link to comment Share on other sites More sharing options...
vato96 Posted February 28, 2017 Report Share Posted February 28, 2017 1 Quote Link to comment Share on other sites More sharing options...
tigergorzow Posted February 28, 2017 Report Share Posted February 28, 2017 (edited) "cancellation of foreign exchange control department of the Central Bank of Iraq as a "need" a new political system based on a market economy, pointing out that the creation of the Department of laundering money for the alternative would be for them" dinareffic Thanks, DV, Excellent article and yes it surely looks like currency auctions are coming to an end IMHO as well. Come on "Liberation Of Mosul" Keeping The Faith!! GO RV / RI Edited February 28, 2017 by tigergorzow 6 Quote Link to comment Share on other sites More sharing options...
KDuesing Posted February 28, 2017 Report Share Posted February 28, 2017 Could it be? 5 Quote Link to comment Share on other sites More sharing options...
Officiallytook Posted February 28, 2017 Report Share Posted February 28, 2017 Had to be apart of this thread... 4 Quote Link to comment Share on other sites More sharing options...
Boozer Posted February 28, 2017 Report Share Posted February 28, 2017 Ok so how much Dinar is out in circulation ? and if then make it 1 to 1 will that not put them in debt that amount ? or am I missing something , so if they have a Billion out then they need a billion to cover it... Someone help me Understand .. PLEASE 2 Quote Link to comment Share on other sites More sharing options...
Gypsygirl11 Posted February 28, 2017 Report Share Posted February 28, 2017 1 hour ago, Boozer said: Ok so how much Dinar is out in circulation ? and if then make it 1 to 1 will that not put them in debt that amount ? or am I missing something , so if they have a Billion out then they need a billion to cover it... Someone help me Understand .. PLEASE Just saw an article that states Iraq wants a billion dollars of their frozen funds released - that would cover it. 3 Quote Link to comment Share on other sites More sharing options...
DWitte Posted February 28, 2017 Report Share Posted February 28, 2017 17 minutes ago, Gypsygirl11 said: Just saw an article that states Iraq wants a billion dollars of their frozen funds released - that would cover it. A Billion is only enough for me. What about the rest of you I'm sure you'd like something for your Dinar! But if you all want to be exceptionally nice, I'll take it. I deserve it after my life. And then I made a friend out of Davis411 or 911 or whatever. Isn't that enough? I kept him away from all of you as a gift. You're Welcome: DWOut 2 1 Quote Link to comment Share on other sites More sharing options...
WaitIsOver Posted February 28, 2017 Report Share Posted February 28, 2017 3 hours ago, idplzr said: This could be the start Or the finish! I had to read it twice ...are you serious...this is HUGE. !!! O_O To cancel old rate they need a new rate 2+2=4 and he's saying they actually cancelled it on Sunday? Hmm...... 4 Quote Link to comment Share on other sites More sharing options...
Rmc10 Posted February 28, 2017 Report Share Posted February 28, 2017 They have 4 trillion dinar in circulation according to Frank26. Not sure where he got that figure from. 2 Quote Link to comment Share on other sites More sharing options...
Rmc10 Posted February 28, 2017 Report Share Posted February 28, 2017 I'm buying more on Friday just in case if I can still afford it by then. 2 Quote Link to comment Share on other sites More sharing options...
tigergorzow Posted February 28, 2017 Report Share Posted February 28, 2017 3 hours ago, dinareffic said: Saleh pointed out that "Iraq passed the law (56) for the year 2004 relates to full liberalization of the balance of payments and thus became the foreign exchange control department is illegal and therefore issued a law to establish anti-corruption department twirl 93 of 2004 and amended by Law 39 for the year 2015 and this circuit has become a substitute for foreign exchange control department ". DV, Timing of this article is a beautiful thing.....The plan is coming together per their timeline.... 6 Quote Link to comment Share on other sites More sharing options...
nannab Posted February 28, 2017 Report Share Posted February 28, 2017 (edited) 13 minutes ago, DWitte said: A Billion is only enough for me. What about the rest of you I'm sure you'd like something for your Dinar! But if you all want to be exceptionally nice, I'll take it. I deserve it after my life. And then I made a friend out of Davis411 or 911 or whatever. Isn't that enough? I kept him away from all of you as a gift. You're Welcome: DWOut Oh you are so good to us you little monster . Edited February 28, 2017 by nannab 4 Quote Link to comment Share on other sites More sharing options...
Theseus Posted February 28, 2017 Report Share Posted February 28, 2017 (edited) 10 minutes ago, Rmc10 said: They have 4 trillion dinar in circulation according to Frank26. Not sure where he got that figure from. Probably from under Economic and Statistics Data > Monetary Sector > Currency > Currency Outside Banks (http://cbiraq.org/SeriesChart.aspx?TseriesID=156) This shows roughly 42 Trillion. The graph under Currency CBI Issued shows roughly 45 Trillion. Just hover your cursor over the dot to see the figure. Edited February 28, 2017 by Theseus 7 Quote Link to comment Share on other sites More sharing options...
Artitech Posted February 28, 2017 Report Share Posted February 28, 2017 (edited) This is such great news, this may actually happen in Bravo 11 time frame of 3/15/17!!! I'm with you Rmc10, I'm going to buy some more dinar now!!! WOW, what great news! Its all lining up folks! I just hope and pray my liver hold up to this big party!!! PS. This brings an end to MCP!!! the Iraq people can not use U.S. Dollars! this what we have been looking for, not HCL! JMHO Edited February 28, 2017 by Artitech 4 Quote Link to comment Share on other sites More sharing options...
Boozer Posted February 28, 2017 Report Share Posted February 28, 2017 10 minutes ago, Rmc10 said: I'm buying more on Friday just in case if I can still afford it by then. What you can find on Ebay has gone way up. $99 per 100k is now 130 pre 100k 3 Quote Link to comment Share on other sites More sharing options...
Theseus Posted February 28, 2017 Report Share Posted February 28, 2017 TBH I don't think this will equate to an RV by Mar 15 due to the mere fact this is predicated on the fact the anti-corruption department has become a substitute because the Foreign Exchange control is illegal and corrupt due to laws on the books for Iraq. Could be wrong. We'll see. Quote Link to comment Share on other sites More sharing options...
Artitech Posted February 28, 2017 Report Share Posted February 28, 2017 6 minutes ago, Theseus said: Probably from under Economic and Statistics Data > Monetary Sector > Currency > Currency Outside Banks (http://cbiraq.org/SeriesChart.aspx?TseriesID=156) This shows roughly 42 Trillion. The graph under Currency CBI Issued shows roughly 45 Trillion. Just hover your cursor over the dot to see the figure. what does this mean? Not the sharpest tack in box! 1 Quote Link to comment Share on other sites More sharing options...
Theseus Posted February 28, 2017 Report Share Posted February 28, 2017 (edited) That is breadcrumb syntax. It means you first go to the CBI.iq website and follow the breadcrumbs along the path to get to your destination. In days of yore (before GPS), people would drop breadcrumbs so they would not lose their way. Or they would use string or whatever else they had on hand to not lose their way. It's the same concept You could just skip it and just click on the link. Edited February 28, 2017 by Theseus Quote Link to comment Share on other sites More sharing options...
jmartin1145 Posted February 28, 2017 Report Share Posted February 28, 2017 26 minutes ago, Boozer said: What you can find on Ebay has gone way up. $99 per 100k is now 130 pre 100k Just picked up 200K for $185.36. But you are right, its going up. 1 Quote Link to comment Share on other sites More sharing options...
ggdog60 Posted February 28, 2017 Report Share Posted February 28, 2017 Thsnks Quote Link to comment Share on other sites More sharing options...
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