Parliamentary Finance Prepares The Currency Auction From The Doors Of Corruption !

[drj]

3 hours ago, Synopsis said:

 

I'm Good With That, DrJ, AND Happy New Year! 

 

Go Moola Nova!

 

 

Happy New Year, my friend!

[DinarDavo]

6 minutes ago, NoviceInvestor said:

I agree.. but  you have question whether they will ever stop the corruption and bleeding. In every political party and Governments the world over there is corruption and dishonesty.. in some countries its blatant and in others very subtle and underhand.

 

True.....there will always will coruption. But, until the over the top players like Maliki and Barzani (those that have stolen 10 times the annual budet) are corraled I don't think the PTB are going to back a major move.  JMO

[drj]

2 hours ago, Floridian said:

 

Oh, man!  I  forgot all about the banks opening tomorrow from their 4 day break!

 

So, if no RV tomorrow, I’ll be depressed again.  Looks like it might be this way every day, for the whole first quarter of 2018.  Oy!   

 

(Unless we have an RV, of course!) 

 

 

 

 

 

As I’m typing this it’s 6:25 am in Baghdad

and nothing yet!

 

Hang in there Floridian!   

[Synopsis]

30 minutes ago, drj said:

 

 

Happy New Year, my friend!

 

Happy New Year, DrJ! 

 

Go Moola Nova!

[Freedomwish]

Let me know if any one of you have heard if that darn HCL is about to pop up somewhere........I'm sobering up from partying too much this weekend 

 

HAPPY NEW YEEEEEEEEARS!! 

[DinarThug]

7 hours ago, Donziman said:

IF Abadi needed to have political cover to get this done looks

like the finance committee just gave him the green light.

 

Or Perhaps He’s Received Authority From A Higher Power !  

 

     

 

1 minute ago, DinarThug said:

Trump's envoy: Iraq's reconstruction depends on his government's reforms

Baghdad / Range 

US special envoy to the Middle East, Brett McGurk, said that the international coalition is trying to take a number of measures in western Iraq to prevent the return of the organization again, and stressed that the efforts of the coalition during the next phase will focus on restoring stability to the liberated areas.

"We enter 2018 and realize that we must continue to work together through coalition states, international organizations and law enforcement agencies, as well as the private sector, so that we can continue to progress," said McGowork. "The collective goal of the international coalition Is to put pressure on the organization of an advocate and defeat it and prevent its members from healing again. " 

"The process will be focused in the first quarter of next year on the end of the organization and then the focus will shift to stability, and the United States is preparing to stay in Syria to make sure that The organization of the preacher was defeated and will not return again. " 

"The number of Iraqis who returned to their homes after the defeat of the organization amounted to about two million and 800 thousand people, and could not raise awareness of his control of one meter of the land that was recovered from the Mosul to the city of Tikrit." "It will take years," he said. "It will depend on Iraqi reforms, funding from the international community and regional trade with neighboring countries, as well as investment facilitation measures in Iraq to attract foreign investment." 

On the sources of funding adopted by the organization of Daqash, McGork said that "the coalition forces will continue to focus on a confrontation outside of Iraq and Syria, by eliminating the funding channels of the organization and its media used to attract fighters from all over the world," noting that "these efforts contributed In thwarting many of the terrorist attacks during the past year, and will increase significantly during the next year, "pointing out at the same time," pointing out that "there are 43 thousand names of the organization calling in the databases of INTERPOL." 

The US envoy praised the "initiatives of the Bank and the International Monetary Fund and the reforms carried out by the Iraqi government," adding that "these actions contributed to the stability of the local economy and pumping billions of dollars in areas most in need." 

On the development of Iraq's relations with its regional and international environment, the Special Envoy of the US President welcomed "the return of Saudi-Iraqi relations once again." Saudi Arabia, the United Arab Emirates and the United Kingdom initiated a fight against the Internet and exposed media lies to the terrorist organization.

 

2018/01/02 (00:01 PM) - Number of readings: 99 - Number (4101)

 

 

Trump's envoy: Iraq's reconstruction depends on his government's reforms

Baghdad / Range 

US special envoy to the Middle East, Brett McGurk, said that the international coalition is trying to take a number of measures in western Iraq to prevent the return of the organization again, and stressed that the efforts of the coalition during the next phase will focus on restoring stability to the liberated areas.

"We enter 2018 and realize that we must continue to work together through coalition states, international organizations and law enforcement agencies, as well as the private sector, so that we can continue to progress," said McGowork. "The collective goal of the international coalition Is to put pressure on the organization of an advocate and defeat it and prevent its members from healing again. " 

"The process will be focused in the first quarter of next year on the end of the organization and then the focus will shift to stability, and the United States is preparing to stay in Syria to make sure that The organization of the preacher was defeated and will not return again. " 

"The number of Iraqis who returned to their homes after the defeat of the organization amounted to about two million and 800 thousand people, and could not raise awareness of his control of one meter of the land that was recovered from the Mosul to the city of Tikrit." "It will take years," he said. "It will depend on Iraqi reforms, funding from the international community and regional trade with neighboring countries, as well as investment facilitation measures in Iraq to attract foreign investment." 

On the sources of funding adopted by the organization of Daqash, McGork said that "the coalition forces will continue to focus on a confrontation outside of Iraq and Syria, by eliminating the funding channels of the organization and its media used to attract fighters from all over the world," noting that "these efforts contributed In thwarting many of the terrorist attacks during the past year, and will increase significantly during the next year, "pointing out at the same time," pointing out that "there are 43 thousand names of the organization calling in the databases of INTERPOL." 

The US envoy praised the "initiatives of the Bank and the International Monetary Fund and the reforms carried out by the Iraqi government," adding that "these actions contributed to the stability of the local economy and pumping billions of dollars in areas most in need." 

On the development of Iraq's relations with its regional and international environment, the Special Envoy of the US President welcomed "the return of Saudi-Iraqi relations once again." Saudi Arabia, the United Arab Emirates and the United Kingdom initiated a fight against the Internet and exposed media lies to the terrorist organization.

[Officiallytook]

Trump: when every you guys are down to change the rate we will support you...lol

[DinarThug]

5 hours ago, Officiallytook said:

Trump: when every you guys are down to change the rate we will support system" rel="">support you...lol

 

Change The Rate With A Float ?  

 

     

 

7 hours ago, DinarThug said:

CNN. Broadcasting Two Types Of Float - If Either One Raises The Value Of This Worthless Currency Then Just Do It Already !

 

What is the floating of the national currency and what is its economic impact on the life of the citizen?

2018-01-01

There are two types of float.

 First, your float and the second float the vector. The first is to leave the national currency exchange rate determined by the market. Increased demand for the dollar in the domestic market leads to a rise in the dollar exchange rate compared to the local currency, while the decline in demand for the dollar means a decline in the dollar exchange rate in the domestic market.The situation is very similar to the days of the global economic boycott against Iraq after the occupation of Iraq by the State of Kuwait, where the exchange rate of the US dollar compared to the Iraqi dinar was preceded by only the German mark during the Second World War. The exchange rate of the Iraqi dinar relative to the US dollar has decreased from 2.8 dollars per Iraqi dinar to 5,000 Iraqi dinars per US dollar. Determining the currency exchange rate just like setting the price of the tomato in Alwa Green, in Baghdad. The increased supply of these leads to a decline in the market price, while the low supply in the market leads to a rise in prices.The second type is the same as the first type, except for the intervention of the central bank when the value of the local currency exchange is lower than the planned rate or the local currency exchange rate rises above its level. Any local currency exchange rate against the dollar, for example, must be at a minimum and above the national currency.

The oil state can not float its currency towards the world currencies. For a simple reason, it is the oil-exporting governments that monopolize foreign currencies because they are the largest exporters of commodities in the country and thus they own the hard currency, so it is in their interest to protect their local currency from collapse. If importers are not provided with goods and services from difficult currencies. Oil countries receive oil revenues in foreign currency. By providing this currency to local importers, these countries can finance their imports of goods and services. Iraq, for example, is increasing its balance of dollars through its oil exports to the world markets, and then put the collected currency in the local commercial banks to pay the bill of imports of goods and services.

To clarify the idea more, let's assume that the Iraqi government decided to monopolize all that it receives from the oil revenues, which represent 95% of Iraq's total exports. This government decision means depriving the national economy of 95% of the country's foreign exchange earnings. Hard currency, representing private sector exports in the country. Of course, the availability of 5% of the hard currency will not be enough to pay the cost of imports of goods and services needed by Iraq in one year. What will happen to the Iraqi national economy? In this case, traders and those in need of hard currency (patients who want treatment outside the country) will have to buy hard currency from the market (cashiers), leaving the Iraqi citizen to buy what he needs from foreign currency as determined by the market of prices called (dinar float). In this case, the size of the hard currency will be very small compared to what the country needs, and importers will run to buy the quantities they need at very high prices. The rise in foreign exchange rates against the local currency means higher prices for imported goods and services. As long as Iraq imports at least 75% of its needs of goods and services, a wave of price increases will sweep the country (inflation) to the extent that the prices of most goods and services will be outside the citizen's ability to pay, and will exacerbate public anger and become the government the target of demonstrations and protests . And this is why the oil countries choose to put a large part of the hard currency they receive from the value of oil sold to importers and those who need foreign currency. The availability of hard currency in the country means the stability of prices in the markets of goods and services, the stability of the value of the local currency in relation to world currency prices, and the security stability of the country. 

Non-oil countries and countries that can not export natural resources and manufactured goods often have to borrow to buy the goods and services they need. These are countries that Donald Trump likes, as he imagines, can bribe them to pass Foreign policy. 

Classical economic theory did not address what would be suffered by countries that lacked natural resources or countries that did not have an export production base, but assumed that increasing the trade deficit of a given country meant increasing the country's demand for foreign exchange and depreciation of its local currency. This decline in turn will give the country an opportunity to enhance the competitiveness of its products in the global market, increase its exports, increase demand for workers, reduce its imports, and finally disappear the trade deficit. This theory was in place until the world recession of the 1930s, which proved that the economy can not be reached without a state intervention.The repetition of economic cycles made it difficult to accept classical economic theory even by the most powerful politicians and economists. Imagine what would happen to the global economy if the US Reserve Bank, European central banks and Western governments did not intervene to save the global economy from the Great Depression that hit the global economy in 2007 and 2008? The US government has supported the national economy by $ 1 trillion and has been forced to legislate new laws to monitor the movement of the local economy, as well as having to accept the closure of giant companies. 

There is one hope for the floating of the oil countries' currencies, when the oil sector becomes small and ineffectual, a very unlikely prospect given the current economic and political conditions in the oil-exporting countries. As long as there is no hope that the oil sector in the oil-exporting countries is not a leader in national development, these countries will continue to rely on the sale of oil, and will remain other economic sectors neglected, and will remain the oil sector is the leader in the national economy, and will remain the national currency away from market fluctuations .
link

 

CNN. Broadcasting Two Types Of Float - If Either One Raises The Value Of This Worthless Currency Then Just Do It Already !

 

 

What is the floating of the national currency and what is its economic impact on the life of the citizen?

2018-01-01

There are two types of float.

 First, your float and the second float the vector. The first is to leave the national currency exchange rate determined by the market. Increased demand for the dollar in the domestic market leads to a rise in the dollar exchange rate compared to the local currency, while the decline in demand for the dollar means a decline in the dollar exchange rate in the domestic market.The situation is very similar to the days of the global economic boycott against Iraq after the occupation of Iraq by the State of Kuwait, where the exchange rate of the US dollar compared to the Iraqi dinar was preceded by only the German mark during the Second World War. The exchange rate of the Iraqi dinar relative to the US dollar has decreased from 2.8 dollars per Iraqi dinar to 5,000 Iraqi dinars per US dollar. Determining the currency exchange rate just like setting the price of the tomato in Alwa Green, in Baghdad. The increased supply of these leads to a decline in the market price, while the low supply in the market leads to a rise in prices.The second type is the same as the first type, except for the intervention of the central bank when the value of the local currency exchange is lower than the planned rate or the local currency exchange rate rises above its level. Any local currency exchange rate against the dollar, for example, must be at a minimum and above the national currency.

The oil state can not float its currency towards the world currencies. For a simple reason, it is the oil-exporting governments that monopolize foreign currencies because they are the largest exporters of commodities in the country and thus they own the hard currency, so it is in their interest to protect their local currency from collapse. If importers are not provided with goods and services from difficult currencies. Oil countries receive oil revenues in foreign currency. By providing this currency to local importers, these countries can finance their imports of goods and services. Iraq, for example, is increasing its balance of dollars through its oil exports to the world markets, and then put the collected currency in the local commercial banks to pay the bill of imports of goods and services.

To clarify the idea more, let's assume that the Iraqi government decided to monopolize all that it receives from the oil revenues, which represent 95% of Iraq's total exports. This government decision means depriving the national economy of 95% of the country's foreign exchange earnings. Hard currency, representing private sector exports in the country. Of course, the availability of 5% of the hard currency will not be enough to pay the cost of imports of goods and services needed by Iraq in one year. What will happen to the Iraqi national economy? In this case, traders and those in need of hard currency (patients who want treatment outside the country) will have to buy hard currency from the market (cashiers), leaving the Iraqi citizen to buy what he needs from foreign currency as determined by the market of prices called (dinar float). In this case, the size of the hard currency will be very small compared to what the country needs, and importers will run to buy the quantities they need at very high prices. The rise in foreign exchange rates against the local currency means higher prices for imported goods and services. As long as Iraq imports at least 75% of its needs of goods and services, a wave of price increases will sweep the country (inflation) to the extent that the prices of most goods and services will be outside the citizen's ability to pay, and will exacerbate public anger and become the government the target of demonstrations and protests . And this is why the oil countries choose to put a large part of the hard currency they receive from the value of oil sold to importers and those who need foreign currency. The availability of hard currency in the country means the stability of prices in the markets of goods and services, the stability of the value of the local currency in relation to world currency prices, and the security stability of the country. 

Non-oil countries and countries that can not export natural resources and manufactured goods often have to borrow to buy the goods and services they need. These are countries that Donald Trump likes, as he imagines, can bribe them to pass Foreign policy. 

Classical economic theory did not address what would be suffered by countries that lacked natural resources or countries that did not have an export production base, but assumed that increasing the trade deficit of a given country meant increasing the country's demand for foreign exchange and depreciation of its local currency. This decline in turn will give the country an opportunity to enhance the competitiveness of its products in the global market, increase its exports, increase demand for workers, reduce its imports, and finally disappear the trade deficit. This theory was in place until the world recession of the 1930s, which proved that the economy can not be reached without a state intervention.The repetition of economic cycles made it difficult to accept classical economic theory even by the most powerful politicians and economists. Imagine what would happen to the global economy if the US Reserve Bank, European central banks and Western governments did not intervene to save the global economy from the Great Depression that hit the global economy in 2007 and 2008? The US government has supported the national economy by $ 1 trillion and has been forced to legislate new laws to monitor the movement of the local economy, as well as having to accept the closure of giant companies. 

There is one hope for the floating of the oil countries' currencies, when the oil sector becomes small and ineffectual, a very unlikely prospect given the current economic and political conditions in the oil-exporting countries. As long as there is no hope that the oil sector in the oil-exporting countries is not a leader in national development, these countries will continue to rely on the sale of oil, and will remain other economic sectors neglected, and will remain the oil sector is the leader in the national economy, and will remain the national currency away from market fluctuations .
link

[Officiallytook]

6 minutes ago, DinarThug said:

Change The Rate With A Float ?

As long as that float starts off above 1 buck were good

"Any local currency exchange rate against the dollar, for example, must be at a minimum and above the national currency"

Edited January 2, 2018 by Officiallytook

[skeetdog]

Thanks DT...Seems that nothing has come out about Chapter 8 or the rate change...Just through the process of elimination...When Chapter 8 is a signed agreement...whether before, after or during the process of Chapter 8...the rate of the dinar must be stated as one of the conditions of Chapter 8...then the dinar will float at market conditions...jmho

[Rmc10]

Wow I got my first neg ever today. Someone must not like to joke around here. Haha

[Synopsis]

4 minutes ago, Rmc10 said:

Wow I got my first neg ever today. Someone must not like to joke around here. Haha

 

Hopefully, it is just someone that fat fingered the ruby instead of emerald and is unaware of how to change the vote.

 

There are some people, though..............................

 

Hey, I gave You an emerald to even You out!

 

The Best Of Your New Year To You, RMC10! 

 

Go Moola Nova!

[King Bean]

15 hours ago, NEPatriotsFan1 said:

When does Iraq start their work day? It's typically like 2-3 AM EST, No? Their banks reopen from their four day break 

 

Now THAT's funny NEPF. That IS their work day....2-3am. LOL. Remember....Iraq and Work are 4-letter words. Just ask their parliament.

 

Go Pats. Go Vikings. 

[King Bean]

12 minutes ago, Rmc10 said:

Wow I got my first neg ever today. Someone must not like to joke around here. Haha

 

Not me. That's ALL I do. Fat fingered a big EMERALD for you.

                              Happy New Year RMC.

 

 

[Rmc10]

Happy New Year Synopsis!!!!

[Rmc10]

Happy New Year KB!!!

[DinarThug]

1-2-2018  Intel/Newshound Guru MilitiaMan  Has there been an auction within the last 24 - 48 - 72 hours?  

I don't think so.

With this suggesting it is time to stop... 

Ceasing them is huge and that is what it appears happening and directly... imo

[Synopsis]

Unfortunately, there was a CBI currency auction held today for tomorrow:

 

Foreign Currency Selling Window for 3-1-2018 that performed on 2-1-2018

 

Announcement No.(3604)

                          Sale Date - 3/1/2018 that performed on 2/1/2018

Details	Amount
Total sale for the purpose of strengthen outside assets (Transfers and credits)	140,826,651
Total sale cash	44,100,000
Total sale amount	184,926,651

Note:

• Selling price of remittance money to bank accounts outside is (1190) ID for each Dollar.
• Cash selling price is (1190) ID for each Dollar.

https://cbi.iq/currency_auction

 

So, we wait. It will stop someday. Likely before we anticipate.

 

SURPRISE!!!

 

Go Moola Nova!

[davis411]

6 hours ago, Rmc10 said:

Wow I got my first neg ever today. Someone must not like to joke around here. Haha

I have had many

i see many positive posters getting negged 

i think it's okie in Hiding

in drag

[Retiredofficer]

Will someone  in Iraq just throw me a bone.....I’ve been sitting in the heal position since 2007

[Gypsygirl11]

37 minutes ago, Retiredofficer said:

Will someone  in Iraq just throw me a bone.....I’ve been sitting in the heal position since 2007

You must have been a canine officer....my release command is FREE....that's what I will scream at the top of my lungs IF this thing ever hits.  FREEEEEEEE

[10 YEARS LATER]

1 hour ago, Gypsygirl11 said:

You must have been a canine officer....my release command is FREE....that's what I will scream at the top of my lungs IF this thing ever hits.  FREEEEEEEE

 

" Thank God Almighty, we are free at last ! "   [ ( quote from MLK ) seems appropriate ]

[NEPatriotsFan1]

11 hours ago, King Bean said:

 

Now THAT's funny NEPF. That IS their work day....2-3am. LOL. Remember....Iraq and Work are 4-letter words. Just ask their parliament.

 

Go Pats. Go Vikings. 

Lol.... so true 

[Gypsygirl11]

12 hours ago, 10 YEARS LATER said:

 

" Thank God Almighty, we are free at last ! "   [ ( quote from MLK ) seems appropriate ]

Exactly