The Recovery Of The Iraqi Dinar !

[DinarThug]

22 minutes ago, Carrello said:

Thanks for articles, Thug, and not one camel joke!

 

That’s Because I’m Waiting Until Tomorrow - What Day Is It ? 

     

[DinarThug]

19 hours ago, DinarThug said:

Central Bank announces the rise of Iraq's foreign currency reserves

 Journal  March 26, 2018

 

 

Baghdad - Journal News

The governor of the Central Bank of Iraq, Ali Alalak, the rise of Iraq's foreign currency reserves to 51.5 billion dollars.

"The foreign reserves rose to $ 51.5 billion this year because the central bank did not buy treasury bills," al-Alak said in a meeting with a number of local newspaper editors and news agencies. "The central bank has gone a long way in managing foreign reserves and we are starting to generate returns Finance by investing gold abroad. "

He pointed out that "the central bank was able to restore the independence that he lost since 1980 to the government in addition to controlling inflation, which reached 40% before 2003 and now 4%."

"The stability of the banking sector is an essential objective to achieve financial stability and curb inflation," he said.

He explained that "the system of payments in the Central Bank is one of the most advanced systems in the world and estimated transactions carried out monthly 14 trillion dinars did not face any violations."

link

>>>>>>>>>>>>>>>>>>>>>

 

Central Bank: Reserves rose to more than $ 51 billion and inflation fell to 4%

22:10 - 26/03/2018

 

  

Information / Baghdad

The governor of the Central Bank of Iraq, Ali Alalak, on Monday, the rise of Iraq's foreign currency reserves to 51.5 billion dollars.

Al-Alak said in a press statement that "foreign reserves rose during the current year to 51.5 billion dollars because of the failure of the central bank to buy treasury bills," adding that "the central bank has gone a long way in the management of foreign reserves and began to achieve financial returns through investment Gold abroad ".

He pointed out that "the central bank was able to restore the independence lost since 1980 to the government, in addition to controlling inflation, which reached 40% before 2003 and now 4%."

"The stability of the banking sector is an essential objective to achieve financial stability and curb inflation," he said.

He continued that "the system of payments in the Central Bank is one of the most advanced systems in the world and estimated transactions carried out monthly 14 trillion dinars did not face any violations." End 25 n

link

Edited March 27, 2018 by DinarThug

[Carrello]

7 minutes ago, DinarThug said:

 

That’s Because I’m Waiting Until Tomorrow - What Day Is It ? 

     

Not sure what day it is but the time is the 12th of Never. Good to see you are still into one humpers.

[DinarThug]

5 minutes ago, Carrello said:

Not sure what day it is but the time is the 12th of Never. Good to see you are still into one humpers.

 

Are U Kidding - Our Good Ol’ DV Dromedary Tripod ‘Trixie’ Can Outspit Any Of Those Fancy Double Humped Quadrupeds With Her One Remaining Tooth Tied Behind Her Humpback !  

 

     

[Carrello]

OMG! 'Trixie' is out of the compound. 

[ChuckFinley]

Great article Thug. With so much good news this has to wrapping up.  

[Half Crazy Runner]

1 minute ago, ChuckFinley said:

Great article Thug. With so much good news this has to wrapping up.  

 

Yeah. Their currency is worth sooooooooooo much more than .0008!

[DinarThug]

LINK

National banks touched the door of the auction of currency through false invoices for fake goods

 

27th March, 2018

It seems that the auction of the currency, is still tainted by corruption because of some private banks continue to provide false documents and invoices for the purpose of the import of goods, which are often fake, which reflected negatively on the reserves of the Central Bank of foreign currency.  Those banks considered it a lot of specialists that it is a "glamorous facades" living on the currency auction more than contribute to the development of the national economy.

False invoices and the depletion of the coin 

says the Committee on Economy and Investment parliamentary member Harith al-Harthy , in an interview with Alsumaria's News, said that " the issue of auction currency and the corruption that exists in it is something we discussed a lot and touched him media several times, and there are many pleased to stop this bleeding currency, indicating that there is the import of goods Non-important and counterfeit bills that drained hard currency through the currency auction. " 
Al-Harithi added that "the Central Bank has prepared lists of parties that violate the currency auction or that have suspicions of corruption or exploitation of the auction," pointing out that "the regulatory bodies, including the Office of Financial Supervision is working to take punitive measures against them."
For his part, MP Amin Bakr said in an interview with Alsumaria News that "there are some private banks are full of suspicions of corruption and money laundering is done through the submission of import invoices for goods which are forged in order to enter the auction currency," noting that "these funds come out without the entry of any goods."  "There is a lack of oversight bodies that should follow such issues because they negatively affect the national economy," Baker said. 

Buildings fake banks empty 
says economist and financial expert Hilal Miller in an interview with Alsumaria, he said that "more private banks operating in Iraq are just fake buildings hanging by the boards of banks and have only guards and do not have employees and are these banks to trade auction currency for the purpose of making a profit and a lot of money without Provide any banking services similar to the countries of the world and even the neighboring countries of Iraq. "  "The central bank's auction is supposed to be temporary for a situation that the Iraqi economy has lived under in certain circumstances and it must stop after that, but it has continued for many years, which will negatively affect the Iraqi economy," he added. 

And demands the miller of "the central bank the need to tighten control on these banks and auditing and take deterrent measures against banks and the violation of the imaginary," stressing that "there are suspicions of corruption to many of these banks, especially in the currency auction conducted by the Central Bank." 
"The process that is supposed to be in the auction is to cover the sales of the dollar to what is imported from the goods from abroad and not given individually and go to a certain category at the expense of the citizen and his benefit," says economist Jamil Antoine in an interview with Alsumaria News.
Antoine points out that "the best solution to prevent the process of corruption in the auction is the commitment to documentary credits to buy the dollar," pointing out that "the imbalance is due to the policy of the state on the pretext that they closed the control department in the central bank." 
For his part, says economist Habib Hassan al-Qara Guli in an interview for Alsumaria News, "What happens at the auction of currency is smuggling and laundering of money," stressing that "this is harming the Iraqi economy."  "Most of the private banks in Iraq were opened in partnership with investors from the Gulf countries and foreign countries, so it is these are the ones who control these banks and the money and profits go to their accounts and do not make use of the public but the simple ones," he added, adding that " The only benefit they get is the employees in these banks by giving them some very simple financial concessions. "

For his part, says economist Abdul Rahman al-Mashhadani in an interview for Alsumaria News, "The corruption continues to be at the auction of the currency in which the commercial banks and banking offices where some traders provide false import documents to private banks and commercial banks are the fraud Documents for the purpose of obtaining the dollar for profit, not for the purpose of covering imports. " 
He added that "we need to check and study to know the rates of corruption in this matter, which is so far unknown," stressing that "the duty of the money laundering office in the Central Bank and other commercial banks to do their work to prevent such corruption so as not to adversely affect the Iraqi economy and "This money does not go to finance terrorist operations." "The sale of dollars to banks must be matched by the entry of imported goods in the same amount, but what is happening is otherwise, which raises doubts about where the money goes," Mashhadani said. 

The Central Bank of Iraq sells the dollar to private banks and financial transfer companies through the auction, which is conducted daily and the amount of 150 million dollars, which increase these numbers or fall on demand by these banks, which affects one way or another on the reserves of the Central Bank of Iraq, which affected significantly in recent times As a result of the lack of adaptation between the dollar and between the sale through the auction.

[Floridian]

Thinking about "delete the zeros" all day.  

Is this too crazy?

They said the new notes and old notes will trade "side by side" for years.

They said "delete the zeros" is ready, but the vulnerable souls have to be educated so they don't get scammed.

 

Might this be what's gonna happen?

They come out with new "25" notes that are now worth $25.00, like our dollar.  This is what the people are used to.

But now, the 25,000 dinar note is worth $25,000, instead of the "close to" $25 it used to be worth.

So they want to make sure the people don't give $25,000 in the marketplace, thinking they are spending $25.

 

Are my dinar goggles on too tight? 

[pokerplayer]

9 minutes ago, Floridian said:

Thinking about "delete the zeros" all day.  

Is this too crazy?

They said the new notes and old notes will trade "side by side" for years.

They said "delete the zeros" is ready, but the vulnerable souls have to be educated so they don't get scammed.

 

Might this be what's gonna happen?

They come out with new "25" notes that are now worth $25.00, like our dollar.  This is what the people are used to.

But now, the 25,000 dinar note is worth $25,000, instead of the "close to" $25 it used to be worth.

So they want to make sure the people don't give $25,000 in the marketplace, thinking they are spending $25.

 

Are my dinar goggles on too tight? 

 

I was sure I had it figured out but after reading your post I'm more confused than ever now !! 

 

It's all good Floridian...............I think ???

 

   pp

[Floridian]

3 minutes ago, pokerplayer said:

 

I was sure I had it figured out but after reading your post I'm more confused than ever now !! 

 

It's all good Floridian...............I think ???

 

   pp

 

Sorry.  Maybe I have too much time to think.  

[pokerplayer]

1 minute ago, Floridian said:

 

Sorry.  Maybe I have too much time to think.  

 

Me too some days  

 

  pp

[10 YEARS LATER]

1 hour ago, DinarThug said:

 

That’s Because I’m Waiting Until Tomorrow - What Day Is It ? 

     

 its “ meatless Tuesday “ today, while we all should know tomorrow is Hump Day !

[bkeiller]

31 minutes ago, Floridian said:

Thinking about "delete the zeros" all day.  

Is this too crazy?

They said the new notes and old notes will trade "side by side" for years.

They said "delete the zeros" is ready, but the vulnerable souls have to be educated so they don't get scammed.

Might this be what's gonna happen

Are my dinar goggles on too tight? 

 

Much that I would love an 'overnight' 100000% return on each one of my dinars (e.g., 1 dinar= $1), I reckon they will buy back and demonenetize the old notes, or it will be a lower rate. I am still excited and optimistic about Adam's prediction of 8 cents. That would be amazing! If we get 1 cent, I will cash some in and keep the roll going.

Edited March 27, 2018 by bkeiller

[Floridian]

7 minutes ago, bkeiller said:

 

Much that I would love an 'overnight' 100000% return on each one of my dinars (e.g., 1 dinar= $1), I reckon they will buy back and demonenetize the old notes, or it will be a lower rate. I am still excited and optimistic about Adam's prediction of 8 cents. That would be amazing! If we get 1 cent, I will cash some in and keep the roll going.

 

8 cents?  I thought Adam always said 10 cents.

[Synopsis]

6 minutes ago, bkeiller said:

 

Much that I would love an 'overnight' 100000% return on each one of my dinars (e.g., 1 dinar= $1), I reckon they will buy back and demonenetize the old notes, or it will be a lower rate. I am still excited and optimistic about Adam's prediction of 8 cents. That would be amazing! If we get 1 cent, I will cash some in and keep the roll going.

 

Just now, Floridian said:

 

8 cents?  I thought Adam always said 10 cents.

 

Hey, what I'd really like is 810 cents!!!

 

              

 

In The Mean Time........................................

 

Go Moola Nova (YEAH, BABY!!!)!!!

[DWS112]

2 hours ago, DinarThug said:

The Venezuelan government has decided to delete three zeros from its currency to enter into force this year,

 

2 hours ago, DinarThug said:

Maduro said the measure would come into effect on June 4 and would have no effect on the Bolivar value.

 

WHAT???

[Floridian]

1 hour ago, Floridian said:

Thinking about "delete the zeros" all day.  

Is this too crazy?

They said the new notes and old notes will trade "side by side" for years.

They said "delete the zeros" is ready, but the vulnerable souls have to be educated so they don't get scammed.

 

Might this be what's gonna happen?

They come out with new "25" notes that are now worth $25.00, like our dollar.  This is what the people are used to.

But now, the 25,000 dinar note is worth $25,000, instead of the "close to" $25 it used to be worth.

So they want to make sure the people don't give $25,000 in the marketplace, thinking they are spending $25.

 

Are my dinar goggles on too tight? 

 

Okay, here are my new and improved numbers:

 

1 Dinar = 10 cents

25,000 Dinar = $2,500

[blueskyline]

IF IT HAPPENED TO BITCOIN AT $ 0.25 CENTS  A COIN .................................(                                                       ?                                                     ).................................... 

[NEPatriotsFan1]

Exactly Bitcoin has gone up thousands of percent! Why can’t the Dinar?

[Floridian]

2 minutes ago, DWS112 said:

 

 

WHAT???

 

Venezuela is lopping their currency because of  4,000% inflation.

No comparison to Iraq at 4% inflation.

 

[Floridian]

The guy doing all this laughing at so many posts above, must be a "lopper".

(Or else, somebody is tickling him.)

Edited March 27, 2018 by Floridian

[blueskyline]

Thanks Thug ! They say the Budget will go forward within the next 2 days ? ...Has anyone read when the next UN Operational rates are listed ? .....I believe I read March 28 ??? 

[cranman]

I guess we will know what their intentions are in or what the plan is in  a few days.  At least I hope we do. I can't wait to put this behind me one way or another.

[DinarThug]

11 minutes ago, Floridian said:

The guy doing all this laughing at so many posts above, must be a "lopper".

(Or else, somebody is tickling him.)

 

That’s Just How The Clown Gives A Plus 1 To Everybody - U Get An Unlimited Daily Supply Of Plusses In VIP !

 

 

 

And If They Pass The Gas This Week - Every One Of Us Will Hopefully Be Laughing All The Way To The Bank !