Warnings of severe deterioration of the dinar after the appetite for dollar

[DinarThug]

CNN. Broadcasting While Pretending To Do The Chicken Little Dance !

 

(by walkingstick)

Warnings of severe deterioration of the dinar after the appetite for dollar

 

04/03/2017

 

BAGHDAD / JD / .. Despite the reassurances launched by the Iraqi government and the central bank about the threats to the country as a result of lower oil prices, the economic crisis, but concerns about the local operation deterioration continues after severe turnout by the citizens and the owners of capital to buy the dollar and Tknezh in their homes, rather than banks.

And see a number of experts and specialists in the financial and banking affairs that this process will confuse the economic situation in the country, considering that the offer will be reduced for the dollar with an increase in demand and thus will lead to a rise in price significantly and this is what will lead to the deterioration of the national process.

He says banking expert Abdul Mohsen Ali, that there is huge demand to buy the dollar, whether by citizens or merchants and owners of capital, prompting the central bank to sell larger amounts in the auction to achieve a balance in supply and demand in the market, but this process may be temporary and processors in if it continues harm the economy certainly, in terms of decline in monetary reserves and the decline of the dinar exchange rate.

He said the agency / KD / This turnout comes for several reasons, including the development of the country unstable security and political and statements by some officials on the financial crisis and much talk about the inability of the government to pay salaries and that may lead to the bankruptcy of the country all these things have created a kind of fear among the citizens not to retain dinar replaced the currency of the dollar, in addition to that some of the citizens and the owners of the money prefer the dollar for the dinar for easy transfer and retention of the fact that the money supply will be less, and that's what we confirm it previously necessity currency project to delete the zeros of the three of the currency, which he can solve a lot of problems.

He noted that the dollar continued to withdraw from the market will lead to significant economic problems in terms of its high price levels and significant contrast will lead to a decline in the dinar exchange rate and dramatically and this means the deterioration of the national currency and the lack of value.

He called banking expert government and central bank to launch awareness programs and assurances for citizens and encourage them to bid farewell to their money in banks rather than turn it into a dollar and this will refund the benefit of the citizen and the country in general.

And saw the US dollar exchange rate in the recent significant rise in front of the Iraqi dinar even reached more than 131,000 dinars per $ 100, but after the measures taken by the central bank sold the largest dollar amounts in the auction led to a portion of the balance to the principle of supply and demand until it reached the market price of the dollar to 126,000 thousand dinars per 100 Dolar.anthy / 8 /

http://www.dananernews.com/news?ID=8108

 

[Wiljor]

Thanks Thugs, it's coming DV, the horizon is looking very bright 

[jcfrag]

The citizens of Iraq seem to be losing faith in their currency.... who wouldn't ????? It's a joke to even call it a currency...... I think the Central Bank should do something about that and fix it immediately!!!?  

[siberian_shaddow]

Much appreciated Thugs, it's like the sun is coming up but it's still dark out. Come on Irag bring it home.

[new york kevin]

Sounds like they are still lowering the NOTE COUNT folks. Have faith, Likely, it won't RV till after ISIS is evicted from the whole of Iraq, and the HCL is passed. Recall, with all the instability financially, politically, and security wise the GOI has been dealing with the IQD has still held at nearly the same rate over the years I have been involved with this blessing. Frustrating yes that it has taken this long. I do not think that we should panic from articles such as this as Adam and others even theorized that a campaign of doom and gloom articles of this type would likely surface in the time frame shortly before the RV. Sort of now, all we need to do is to define the word "shortly" just before we define the word "soon."

[captl1]

Don't forget "In the coming days" .

[Laid Back]

1310 IQD per $1 black market rate

1182 IQD per $1 official rate

1310 - 1182 = 128 IQD per $1 speculator profit

Dollarize.. RV.... Dedollarize 

Getting the chunky cash for US$

Reducing note count

GO NEW MONETARY POLICY 

GO 2017

 

[WheresmyRV?]

[blueskyline]

Thanks Thug 

[adhoc10]

Nice article. Making a great case for an RV.  Thanks Thug. 

[Texstorm]

Good morning DinarThug ! And DV ! If I were the CBI and wanted to reduce the number of IQD in Iraq , I would do it through the debit cards. First I would double its value at the local banks only , given back on a debit cards, only to be used trough valid approved vendors. Talk about creating wealth and the money made from the licensing of these vendors. Then I would destroy the money collected to reduce the note count. When the  physical IQD comes into a manageable range ...... Bam ! RI or RV to its former glory ! ...... Na that's too simple ! I owe , I owe , off to work I go !

[Officiallytook]

Smoke

[four wheel drift]

Trump leaves Iraq off the new executive order banning immigrants from terrorist countries.

Hmmmmm

Like where we are going here.

FWD

GO RV

[Officiallytook]

14 minutes ago, four wheel drift said:

Trump leaves Iraq off the new executive order banning immigrants from terrorist countries.

Hmmmmm

Like where we are going here.

FWD

GO RV

This part, and oh how things are just lining up.

[drj]

30 minutes ago, Officiallytook said:

Smoke

Exactly!

[tigergorzow]

15 hours ago, DinarThug said:

He called banking expert government and central bank to launch awareness programs and assurances for citizens and encourage them to bid farewell to their money in banks rather than turn it into a dollar and this will refund the benefit of the citizen and the country in general.

DT Thanks,  DV,  Come on CBI the time is nearing to give the Iraqi citizens the purchasing power they deserve by increasing the value of the IQD preferably 1:1 to start out.....

15 hours ago, DinarThug said:

He says banking expert Abdul Mohsen Ali, that there is huge demand to buy the dollar, whether by citizens or merchants and owners of capital, prompting the central bank to sell larger amounts in the auction to achieve a balance in supply and demand in the market, but this process may be temporary and processors in if it continues harm the economy certainly, in terms of decline in monetary reserves and the decline of the dinar exchange rate.

I do believe that the CBI will have no choice but to end the CBI auctions in the near term.   The Iraqi citizens must have an increase in purchasing power in order to for them to know their IQD is worth something vice being worthless.   

[skeetdog]

Thanks DT....

55 minutes ago, tigergorzow said:

16 hours ago, DinarThug said:

He called banking expert government and central bank to launch awareness programs and assurances for citizens and encourage them to bid farewell to their money in banks rather than turn it into a dollar and this will refund the benefit of the citizen and the country in general.

DT Thanks,  DV,  Come on CBI the time is nearing to give the Iraqi citizens the purchasing power they deserve by increasing the value of the IQD preferably 1:1 to start out.....

16 hours ago, DinarThug said:

He says banking expert Abdul Mohsen Ali, that there is huge demand to buy the dollar, whether by citizens or merchants and owners of capital, prompting the central bank to sell larger amounts in the auction to achieve a balance in supply and demand in the market, but this process may be temporary and processors in if it continues harm the economy certainly, in terms of decline in monetary reserves and the decline of the dinar exchange rate.

I do believe that the CBI will have no choice but to end the CBI auctions in the near term.   The Iraqi citizens must have an increase in purchasing power in order to for them to know their IQD is worth something vice being worthles

These were the two statements that stood out for me also ''Tigergorzow''....Your response was exactly the way I was seeing this situation...

[ChuckFinley]

This reminds my of "Trading Places" - SELL, SELL, SELL - Man that smoke is thick. 

[Alembic86]

2 hours ago, ChuckFinley said:

This reminds my of "Trading Places" - SELL, SELL, SELL - Man that smoke is thick. 

Trying not to view this with dinar goggles or panic mode -- Looking at this from a big picture standpoint I wouldn't surprised if they put out some thicker smoke...something like "Hey, we're probably going to LOP the 3 digits so you better get your currency in."  And then after the smoke clears a bit, come out at 1:1 with no lop at all.  While I can definitely see the math at $0.10 or lower, I think the politicians need something to keep the otherwise demonstrating crowd from going after Parliamentary blood.  Just my $0.02.

[DinarThug]

8 hours ago, Officiallytook said:

Smoke

Smoke - Good !  

     

 

[Officiallytook]

11 minutes ago, DinarThug said:

Smoke - Good !  

     

 

🔥🔥⛽⛽⛽ is always good thugs specially here in Cali

Edited March 7, 2017 by Officiallytook

[DinarThug]

The CBI Is Bringing In Charlie Sheen As A Consultant !  

Double Winning - Duh ! 

     

[new york kevin]

There is alot more than de-dollarizing going on here folks. If they wanted to do that all they have to do is RV at $0.50,  and outlaw the USD from being used for bid ness inside Iraq, with the exception of the purchase of Iraqi oil.

[sandfly]

Thanks clown two and a half men 

Edited March 7, 2017 by sandfly

[DinarThug]

15 hours ago, DinarThug said:

Smoke - Good !  

     

 

12 hours ago, sandfly said:

Thanks clown two and a half men 

OMG ! Run For Ur Lives - It's "Thankenstein"!