Floridian Posted May 22, 2018 Report Share Posted May 22, 2018 (edited) This (from Venezuela) sounds familiar, doesn't it? 😁 The country recently reintroduced currency auctions to try to address hyperinflation and foreign currency shortages, as Bloomberg reports, leading to its official rate's losing 80 percent of its value in February. Bloomberg adds that rate was still about 10 times stronger than the black market rate. "By selling U.S. dollars at different rates, the government effectively created a black market and increased opportunities for corruption. A business that is authorized to buy dollars at preferential rates to purchase priority goods like food or medicine could instead sell those dollars for a significant profit to third parties." Edited May 22, 2018 by Floridian 1 Link to comment Share on other sites More sharing options...
3n1 Posted May 22, 2018 Report Share Posted May 22, 2018 3 minutes ago, Floridian said: One city in Venezuela printing it's own currency because national currency has lost so much value. https://www.npr.org/sections/thetwo-way/2018/03/19/594890393/venezuelan-city-launches-its-own-currency-amid-cash-crunch correct venezuela is in major hyperinflation the country is imploding at all levels they plan to lop 3 zero's june 4th 1 2 Link to comment Share on other sites More sharing options...
nor Posted May 22, 2018 Report Share Posted May 22, 2018 (edited) 1 hour ago, Floridian said: If the Government knew the holdup was because they were getting much better internet service, why were they blaming the QiCard Company for holding up the paychecks? Doesn't make sense to me. 🤔 they have timing to fully imf aggrement. Everything that gov take seriously just want to everything finish before dateline next review by imf . They should follow the standart imf before go to international . imo Edited May 22, 2018 by nor 1 2 Link to comment Share on other sites More sharing options...
Floridian Posted May 22, 2018 Report Share Posted May 22, 2018 17 minutes ago, nor said: they have timing to fully imf aggrement. Everything that gov take seriously just want to everything finish before dateline next review by imf . They should follow the standart imf before go to international . imo When is the next review? For some reason, I think I remember reading it was September. (So far away.) Do you know, for sure, when the next review is? Link to comment Share on other sites More sharing options...
jeepguy Posted May 22, 2018 Report Share Posted May 22, 2018 Trump is going to post big sanctions on these folks , as he stated " the election results were rigged " ---- needs to put the F.B.I. on the case 😀 1 2 1 Link to comment Share on other sites More sharing options...
navira Posted May 22, 2018 Report Share Posted May 22, 2018 Jeepguy, have to agree with you...n in doing so, Iraq is feeling the heat(with Iran being sanction)...and this is why probably CBI is making this happen now...and all because of Trump(and behind his decisions is his son in law Jared Kushner who went to Iraq and made all these dealings. 1 5 Link to comment Share on other sites More sharing options...
nor Posted May 22, 2018 Report Share Posted May 22, 2018 1 hour ago, Floridian said: When is the next review? For some reason, I think I remember reading it was September. (So far away.) Do you know, for sure, when the next review is? i dont know . but the most important kurdistan and iraq need to united to get international. Imf have mentions before their need to fix problems issue with kurdistan . If you read news kurdistan going okay with new iraq gov then you can see everything will going shine also rv . 3 Link to comment Share on other sites More sharing options...
Laid Back Posted May 22, 2018 Report Share Posted May 22, 2018 Venezuela is under dictatorship .... Inflation 18,000% last April....exchange control since 1983.... Today official rate Bs34,674.91 per $1 Black market rate Bs810,274.88 per $1.... Difficult to find food and medicines....2 million people eating from others people trash.... Goverment controls everything.... Rampant corruption ......fraud in the elections... Almost 4 million people leaved the country.... in the last 19 years between Chavez - Maduro $1.5 Trillion dollars are gone.... Two Redenomination of the currency in the last 10 years, iraq is golden compare to venezuela Go Freedom Go democracy Go Justice 7 Link to comment Share on other sites More sharing options...
NEPatriotsFan1 Posted May 23, 2018 Report Share Posted May 23, 2018 26 minutes ago, Laid Back said: Venezuela is under dictatorship .... Inflation 18,000% last April....exchange control since 1983.... Today official rate Bs34,674.91 per $1 Black market rate Bs810,274.88 per $1.... Difficult to find food and medicines....2 million people eating from others people trash.... Goverment controls everything.... Rampant corruption ......fraud in the elections... Almost 4 million people leaved the country.... in the last 19 years between Chavez - Maduro $1.5 Trillion dollars are gone.... Two Redenomination of the currency in the last 10 years, iraq is golden compare to venezuela Go Freedom Go democracy Go Justice Agreed Laid back! I’ve heard many Venezuelan’s have turned to crypto currencies and silver to try to hedge inflation. Couldn’t imagine living in those conditions 3 Link to comment Share on other sites More sharing options...
Rmc10 Posted May 23, 2018 Report Share Posted May 23, 2018 5 hours ago, NEPatriotsFan1 said: Agreed Laid back! I’ve heard many Venezuelan’s have turned to crypto currencies and silver to try to hedge inflation. Couldn’t imagine living in those conditions I talked to a Venezuelan on FB and they are doing that. 2 Link to comment Share on other sites More sharing options...
lmb4321 Posted May 23, 2018 Report Share Posted May 23, 2018 Bad news for the Venezuelan People that Maduro was re-elected......Pray for their People.... Link to comment Share on other sites More sharing options...
Butifldrm Posted May 23, 2018 Report Share Posted May 23, 2018 Al-Rashed issues his own card to pay the salaries and advances of retirees Economie Since 2018-05-23 at 15:10 (Baghdad time) BAGHDAD - Al-Rasheed Bank on Wednesday issued new instructions to retirees' pensioners of 3 million dinars after the suspension of the card card. In a statement received by Mawazine News, the bank said it was issuing new mechanisms and instructions to grant pensioners' advances of up to 3 million dinars. He added that "the instructions included granting the advance to the original retiree of holders of MasterCard card Nakheel exclusively as well as the original pensioner who receives his salary manually from our branches exclusively." The statement pointed out that "the bank will start issuing a MasterCard card Nakheel for retirees to stop the card card and according to the instructions of the Central Bank of Iraq." On May 12, the Central Bank of Iraq granted the international card company "Key Card" 24 hours to pay the salaries of employees and retirees, while carrying the legal consequences in the event of failure to implement the resolution. http://www.mawazin.net/الرشيد-يصدر-بطاقته-الخاصة-لصرف-رواتب-وسلف-المتقاعدين- 1 3 Link to comment Share on other sites More sharing options...
yota691 Posted May 23, 2018 Author Report Share Posted May 23, 2018 Al Rasheed Bank issues new instructions to retirees' retirees after stopping card card Wednesday, May 23, Alsumaria News / Baghdad Al-Rasheed Bank announced on Wednesday issuing new instructions to the pensioners' predecessor of 3 million dinars after the suspension of the card card. The bank said in a statement received by Alsumaria News, a copy of it, "has been issued mechanisms and new instructions to grant advances to retirees, amounting to 3 million dinars a maximum." The bank said that "the instructions will include granting the advance to the original retiree of holders of the MasterCard card Nakheel exclusively as well as the original pensioner who receives his salary manually from our branches exclusively," noting that "the bank will begin issuing a MasterCard card Nakheel for retirees to stop the card card and according to the instructions of the Central Bank of Iraq "He said. On May 12, the Central Bank of Iraq (CBE) granted the international card company "Key Card" 24 hours to pay the salaries of employees and retirees, while carrying the legal consequences in the event of failure to implement the resolution. Al-Rasheed Bank was launched in 2016, an advance of three million and a maximum of three million. 1 2 Link to comment Share on other sites More sharing options...
Big_J Posted May 23, 2018 Report Share Posted May 23, 2018 GM YOTA AND DV. 2 1 Link to comment Share on other sites More sharing options...
ChuckFinley Posted May 23, 2018 Report Share Posted May 23, 2018 19 hours ago, Laid Back said: Venezuela is under dictatorship .... Inflation 18,000% last April....exchange control since 1983.... Today official rate Bs34,674.91 per $1 Black market rate Bs810,274.88 per $1.... Difficult to find food and medicines....2 million people eating from others people trash.... Goverment controls everything.... Rampant corruption ......fraud in the elections... Almost 4 million people leaved the country.... in the last 19 years between Chavez - Maduro $1.5 Trillion dollars are gone.... Two Redenomination of the currency in the last 10 years, iraq is golden compare to venezuela Go Freedom Go democracy Go Justice Sounds like Obama running for President in Venezuela. I feel for those people. I was there with my wife when it was just beautiful - darn shame. 1 3 3 Link to comment Share on other sites More sharing options...
yota691 Posted May 23, 2018 Author Report Share Posted May 23, 2018 The Central Bank Gives The Qi Card 24 Hours To Pay The Salaries Of Employees And Retirees By Halsajri@Gmail.Com On May 22, 2018 The Central Bank of Iraq keep the International Company for smart card "QiCard" 24 hours to pay the salaries of employees and retirees, while carrying the legal consequences in the event of failure to implement the resolution. And through a document issued by the Central Bank of Iraq that the company made the global smart card "Key Card" 24 hours to pay the salaries of employees and retirees held salaries in the bank and take the necessary regulatory action for that. 1 3 Link to comment Share on other sites More sharing options...
Laid Back Posted May 24, 2018 Report Share Posted May 24, 2018 On May 22, 2018 at 2:11 PM, NEPatriotsFan1 said: Agreed Laid back! I’ve heard many Venezuelan’s have turned to crypto currencies and silver to try to hedge inflation. Couldn’t imagine living in those conditions You're right NEP, a lot of people turned to Bitcoin to protect their savings. 6 hours ago, ChuckFinley said: Sounds like Obama running for President in Venezuela. I feel for those people. I was there with my wife when it was just beautiful - darn shame. Very beautiful and rich country...... Dam shame.! 3 Link to comment Share on other sites More sharing options...
ChuckFinley Posted May 24, 2018 Report Share Posted May 24, 2018 17 hours ago, Laid Back said: You're right NEP, a lot of people turned to Bitcoin to protect their savings. Very beautiful and rich country...... Dam shame.! Sure is LB. It should be a lesson to everyone here and outside of this community that this type of government style is destructive. 5 Link to comment Share on other sites More sharing options...
6ly410 Posted May 24, 2018 Report Share Posted May 24, 2018 Interesting times.. 1 Link to comment Share on other sites More sharing options...
6ly410 Posted May 24, 2018 Report Share Posted May 24, 2018 All this new technology... financial inclusion...wouldn’t it make sense to do this now ..? Why start this new project with 000 ...going international big time... 3 Link to comment Share on other sites More sharing options...
navira Posted May 24, 2018 Report Share Posted May 24, 2018 6ly410, hang in there..it will all show up..im hoping not too much longer now 4 2 Link to comment Share on other sites More sharing options...
6ly410 Posted May 24, 2018 Report Share Posted May 24, 2018 1 minute ago, navira said: 6ly410, hang in there..it will all show up..im hoping not too much longer now It will oh yes haha 2 Link to comment Share on other sites More sharing options...
10 YEARS LATER Posted May 24, 2018 Report Share Posted May 24, 2018 32 minutes ago, 6ly410 said: All this new technology... financial inclusion...wouldn’t it make sense to do this now ..? Why start this new project with 000 ...going international big time... Sadly, being this Iraq, they do things in their own way & time: even if it means doing it “ Bass Ackwards “ and/or “ putting the cart before the horse. . . in their case, “ the Camel 🐫 “ - or for saying things that they’ve done, even though they haven’t and digging their heels in, becoming indignant, maintaining the narrative even though they’ve been called out on it. Thats just the tip of the Iceberg with this mob. 2 Link to comment Share on other sites More sharing options...
CSM (R) Thack Posted May 24, 2018 Report Share Posted May 24, 2018 So true!!!! 1 Link to comment Share on other sites More sharing options...
Laid Back Posted May 24, 2018 Report Share Posted May 24, 2018 3 hours ago, ChuckFinley said: Sure is LB. It should be a lesson to everyone here and outside of this community that this type of government style is destructive. Totally agarre my friend 1 Link to comment Share on other sites More sharing options...
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