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Delta - Article: Float The Iraqi Dinar And Stop The Auction Currency Is The The Only Solution Of The Iraqi Economy !


DinarThug
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CNN. Broadcasting While Bidding On Stopping The Auction ! 

 

Float the Iraqi dinar and stop the auction currency is the only solution of the Iraqi economy.

 

Thursday February 15, 2018

Under Conference : Kuwait , the results of which are discouraging to solve the problem economic Iraqi especially after the devastation resulting from the grinding war on terrorism must think of radical solutions and take advantage of other peoples experiences

I want to point to the experience of two states at the time Alhadrohee experience Masrafiqirh powered and experience its Vnzula oil - rich

experience sister bank to float the Egyptian pound in 2016, which produced Mayati after only one year of floatation first year float .. Egypt stronger "numbers" after the liberation of the exchange rate .. cash reserve jumps from 19 to 36.5 billion dollars .. and $ 56 billion to save imports .. and $ 13.7 billion Surplus payments .. and 17.3% higher transfers abroad

Float the currency , " an economic term means that the exchange rate against the dollar or any foreign currency away from any interference from the government or the central bank in determining its price, and the associated value of supply and demand

Yes to float the Egyptian currency has led to decrease the price of the pound against the dollar from about 9 to 17 but still the state provides the necessary materials and medicines for citizens did not increase the rate of poverty with the knowledge that Egypt imports most of its need - oil from abroad , which is a very large Obeie

second example is the state of Venezuela , the state is very rich in oil and is now on the verge of bankruptcy where the conduct of its economy in a similar manner to what is in Iraq at the time of The present and the currency "Venezuela" is now at 3 prices for the exchange, according to the price of central bank exchange rate, the price on the black market, the price used in exports with a large corruption in the work of the Central Bank of

Iraq is on its way with no doubt the Venezuelan example , that measures and radical reforms are similar not taken what happened in Egypt with a big difference to Msalkhh Iraq and hwan Iraq earned from oil exports in the month of December 2017 will alone $ 4-6 billion means about 76 billion Dola year

benefits desired from the floating currency with some Alajrouat that resemble Maatkhzth Egypt with the presence of transparency

will increase the central bank reserves amounting up to more than 40 - 50 carefully Dollars in one year (Masrasttaat increase the central bank 's reserves by more than 16 billion in one year) and can this amount available start for major energy projects and water desalination projects , agricultural and construction of hospitals and factories and by international companies sober and will pay for these projects from oil imports without waiting to on foreign investment and this process will provide hundreds of thousands and even millions of jobs for unemployed Iraqis ( the foreign investor foreign workers will come more often , as happened with the oil companies) and foreign investor even if it came at the present time will benefit from the auction sale of the existing currency is currently the result The damage to the Iraqi economy as is the case with mobile phone companies, but if you stop the auction currency impact will be in the interest of Iraq , even with foreign investor

What damage the possible risks in the case of the floating currency of

course there is a risk of low currency Iraqi, but for employees who exceed their income from $ 1000 will be the damage is limited and only at the beginning and only the value of purchasing materials perfectionism but will be offset by electricity, hospitals, medical equipment, medicines, roads, water improvement and card Altamonah and there is a potential for a greater number of family members are more job opportunities, but when you start the economy and Planter plants Iraq U - turn will be a drop in the currency news out of date

this process can reduce the rampant corruption and companies unreality It is possible that the Iraqi economy turns into one of the largest developing economies , and

in any case can go back to sell the currency once again after a year or two years if it was not written for this process success and I do not think the piece and the people of Egypt Asalo

https://kitabat.com/ 

STOP THE AUCTION .......COME ON...rolling-on-the-floor-laughing-smiley-emoticon_gif

DELTA

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Here's The Google Translation... 

 

 

Flooding the Iraqi dinar and stopping the auction is the only solution for the Iraqi economy

 Thursday 15 February 2018
 
 
In light of the results of the Kuwait Conference, which is not encouraging in solving the Iraqi economic problem, especially after the destruction resulting from the war on terrorism, we must think about radical solutions and benefit from the experiences of other peoples 

I would like to refer to the experience of two countries at the present time, which is the experience of poor Egypt and the experience of the Venezuelan oil-rich country 

The experience of the sister banker float the Egyptian pound in 2016, which produced my results after only one year of floating the first year float .. Egypt stronger "in numbers" after the liberalization of the exchange rate .. Cash reserves jump from 19 to 36.5 billion dollars .. And 56 billion dollars to save Imports, 13.7 billion dollars in surplus payments and 17.3 percent increase in foreign transfers
Floating currency "means an exchange rate against the dollar or any foreign currency away from any intervention of the government or the central bank in determining its price, and its value is linked to supply and demand 

Yes, the flotation of the Egyptian currency led to a decline in the price of the pound against the dollar from about 9 to 17, but the state still provides the necessary materials and medicines to the citizens and did not increase the proportion of poverty knowing that Egypt imports most of its oil needs from abroad, 

The second example is the state of Venezuela, which is very rich in oil and is now on the brink of bankruptcy, where its economy is run in a similar way to what is happening in Iraq at present. The currency of Venezuela is now 3 exchange rates, according to the exchange rates of the central banks, the price on the black market, In exports with a large corruption in the work of the central bank 

Iraq is undoubtedly on the Venezuelan example, if not taken radical reforms similar to what took place in Egypt with a big difference to the Iraq and Iraq Huan oil revenues from the export of oil in December 2017 from $ 4-6 billion means about 76 billion dollars per year 

The desired benefits of floating the transaction with some of the procedures are similar to what Egypt has taken with a transparency 

The central bank's reserves will increase by up to $ 40-50 billion in one year (the central bank's reserves could increase by more than $ 16 billion in one year). This amount will enable the start of major projects for energy, water desalination, agricultural projects, construction of hospitals and factories and through international companies. And will pay the price of these projects of oil imports without waiting for the foreign investor and this process will provide hundreds of thousands, but millions of job opportunities for unemployed Iraqis (foreign investor will come to foreign workers as often as with oil companies) and foreign investor, even if it comes in time The present will benefit from the auction sale of the current currency and the result is damage to the Iraqi economy, as is the case with mobile phone companies, but in case the suspension of the auction will affect the interest of Iraq, even with the foreign investor 

What is the potential damage in the case of Float 

Of course, there is a danger of a decrease in the Iraqi currency, but for employees whose income is not more than $ 1000, the damage will be limited and at the beginning only and only for the value of procurement of luxury materials, but will be met by the improvement of electricity, hospitals, medical devices, medicines, roads, water and credit card. There is the possibility of getting more members of the family more Of jobs. But when the economy, farms and factories of Iraq begin to circulate, the decline of the currency will be an old story 

This process can reduce rampant corruption and imaginary companies and it is possible that the Iraqi economy will turn into one of the largest developing economies 

In any case, it is possible to refer to the sale of the currency a second time after a year or two if he did not write this process success and I do not think that and ask the people of Egypt

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2-17-2018   Newshound Guru Kaperoni   Article: 

"Float the Iraqi dinar and stop the auction currency is the only solution of the Iraqi economy

[If they float, auctions cannot stop until the dinar is equal to dollar.]    

...that is false. 

Accepting  IMF Article VIII

(making the dinar more internationally accepted and convertible) is the key. 

Doing so would allow the CBI to stop selling dollars to pay for imports. 

As well, the CBI then makes commissions off the conversion of currency.  

This is why the CBI is trying so hard to reduce the spread...

so they are in compliance and can move to Article VIII.

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2-17-2018   Newshound Guru G-Lin   Article: 

"Flooding the Iraqi dinar and stopping the auction is the only solution for the Iraqi economy

This is yet another analyst opinion. But a good one.

He is comparing two different outcomes of the economies of Egypt and Venezuela.

One floated their currency and the other did not.

He is saying Iraq needs to follow the example of Egypt.

It has taken about a year or so to see the improvement in their economy,

but it is starting to improve. Venezuela on the other hand is tanking quickly. 

If Iraq doesn't take action and start floating their currency they will end up like them. 

To be honest I think this is an urgent message to Iraq.

Let's hope they are listening. 

It is time for a change.

Stop the auctions, float their currency,

and let Iraq prosper through supply and demand.

It's their only option IMO.

Edited by DinarThug
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2-17-2018   Intel Guru Frank26   Article: 

"Float the Iraqi dinar and stop the auction currency is the only solution of the Iraqi economy."  

IMO...NOW THAT A HAS RETURNED AND TALKED WITH HIS MINISTERS AND EXPRESSED LAUNCHING HIS PROMISES FROM KW CONF ON THE 19TH...

THEY ARE NOW ALREADY IN THE PROCESS OF SUSPENDING THE CBI AUCTIONS.  ...

TAKE NOTE THAT THE WORD IS "SUSPENDING"...NOT "CANCELLING"...  

IMO...THE PROCESS HAS ALREADY STARTED...

THIS IS A TREMENDOUS ACCOMPLISHMENT BY A.  

THEY HAVE PUT THE PROCESS IMO...

IN MOTION TRYING TO FIND A START DATE FOR THE RI.  

MAKE SURE THAT YOU UNDERSTAND I AM SHARING THIS WITH YOU FOR RIGHT NOW AS A "RUMOR" AND NOTHING MORE.  

Edited by DinarThug
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2-17-2018   Newshound/Intel Guru BGG   Article: 

"Flooding (floating) the Iraqi dinar and stopping the auction is the only solution for the Iraqi economy"    

Relax folks…this is an OP – ED piece (which means Opinion Editorial – a writer’s opinion). 

It doesn’t mean they will do this.

However, it does give us a peek into the current political climate. 

Very interesting…

there has been much conversation over whether this meant “flood” or “float”…

in context,

based on the Egyptian references and Alak’s recent comments showing his averse position on this idea,

I’m convinced this reference is to an actual “float” of some kind.  

Sounds like to me – this wasn’t their first choice but people are so tired of the corrupt process,

some might be willing to try.

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I hope the auctions will be stopped, but so far, no one in Iraq has listened to logic or common sense.  No one in the GOI has a business or economic mindset. The transition to an open economy is something they have refused to grasp..... And so the monkey business has continued..... I really hope they are forced to do something, because that’s the only way anything will happen.....the idiots and corrupt have won the battle so far

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The auctions both helps our cause & works against our cause...the RV.

Currency auctions brings in more IQD to be exchanged for USD.

This helps to lower the total Dinar count on the streets. Large IQD notes are called in never to be circulated again.

The bad news...CBI making money, thus can afford to delay the RV even more as it buys them more time.

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5 hours ago, ChuckFinley said:

Being bitched slap in Kuwait may be what is needed to get the RV going.

 Abadi in Davos Conference.     Image result for guy getting bitch slapped gif

Abadi in Kuwait Conference.    Related image

 

 

 

Abadi. On to Munich Conference........

 

 

 

Edited by King Bean
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2-17-2018   Newshound Guru chattels   Article: 

"Baghdad News - The exchange rate of the dollar fell in the Iraqi market against the dinar, and the general trend on demand was moderate.

The exchange rate of the dollar in the Stock Exchange Baghdad purchase price $ 100 = 122.750 Iraqi dinars Selling price $ 100 = 122.800 Iraqi dinars."   

The market rate is improving for the Dinar against the dollar in Iraq.  

It was as high as 1,300 within the past year as I recall.

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47 minutes ago, Gypsygirl11 said:

To the negger....I truly wish you all the peace and happiness life has to give.

 

I Don’t ...

 

:D  :D  :D 

 

 

 

2-18-2018   Newshound/Intel Guru BGG    ...some interesting stuff out there right now...

I kind of figured with the send-off Abadi got at Davos,

I had figured this Kuwait Conference wouldn’t go quite the way everyone was thinking. ...

There wasn’t much in the way of “hand-outs” directly to the government of Iraq.  

There were some commitments and some direct loans (if they want them). 

However, loans will weigh down their future budgets (is their concern)...

I get the impression they were mainly after free money. 

On the other hand,   

I am still encouraged. In fact, this recent article: 

”Float the Iraqi dinar and stop the auction currency is the only solution of the Iraqi economy”

shows us a couple of things: 

1) While there seems to be some resistance – from somewhere in the GOI to a move with the currency, where that is or why it is, I am unsure…

2) …there also appears those on the other side of the fence...

Edited by DinarThug
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2-18-2018   Newshound/Intel Guru BGG ...I am assuming those opposed to corruption and the corrupt processes...

are putting pressure on the first group to do something,

other than just fish around for free money.

Such is noted in the above article. 

On a side note, and relating to “fishing around” for free money...

there did appear to be something of a start to rounding up corrupt political figures in an effort to reclaim “ill-gotten gains”.  

As an additional note:  

Reported in Baghdad recently,

it is implied such a push must include Maliki and his henchmen if such a move is to be recognized by the world (and Iraqis) as a genuine effort.  

While a float may or may not be what they (or you and I) had envisioned,

they just may well do something like this before they do nothing at all. ...

I don’t really care how it starts...

just that it does and they GET TO IT!!

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4 hours ago, Gypsygirl11 said:

To the negger....I truly wish you all the peace and happiness life has to give.  Your either a very sad case or mentally ill, best of luck to you.  THINK POSITIVE !!!

 

Hey Gypsy I think who ever it is has lost their marbles.  If you are not here for great news from DT, Yota, et al or the fine humor in the rumors of our Mario brother and DT, dang DT you really get around, LOL,  then quit getting on the site and go play in the quicksand.  Hopefully that will help them appreciate the finer things in life like we are all here to learn and laugh. 

 

SR

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2-18-2018   Newshound Guru chattels  Article quote: 

"Foreign exchange markets in Baghdad, on Sunday morning,

a significant decline in the exchange rate of the dollar against the Iraqi dinar.

The market price in the Kifah Stock Exchange in Baghdad was 1225.5 dinars per dollar,

ie 122 thousand and 550 dinars per hundred dollars."  

[... if the exchange declines...will that reduce the spread?]   

Yes, a 2% spread or variance requires that the Dinar market rate be about 1202.
 

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2-19-2018   Newshound Guru G-Lin  "Economist shows the most important "problem" facing investment in Iraq"   

The news currently is scarce and most of it is propaganda...

Being an election year in Iraq,

it is hard to tell the honesty in most arts.  

It is time for Iraq to act on their economy however. And floating their dinar may be a life saver.

I think it would give the investors a little bit of confidence that seems to be missing.

They really need to do something at this stage. 

We shall see. 

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