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Report: Saudi Arabia seizes 48% of foreign currency reserves for Arab countries


yota691
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5 minutes ago, blueskyline said:

GE Screwball . There is a few very good older articles with descriptions of the new notes and fil-a to come . 

How are ya blue....October will certainly be an interesting month for notes and possibly coins. We must remember coins were taken out of circulation between months of October and feb the following year. 

Edited by screwball
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5 hours ago, screwball said:

Nah because he or his sons would torcher them or behead them. People were not allowed to have money or bank accounts...lol

Wrong. 

 

Baghdad's economy, culture and people were basically fine until the US bombed them into the stone age.

 

Do some research before posting uninformed opinions.

 

And it's spelled "torture"...

 

 

Edited by justchecking123
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7 hours ago, screwball said:

How are ya blue....October will certainly be an interesting month for notes and possibly coins. We must remember coins were taken out of circulation between months of October and feb the following year. 

I'm good screwball  . Next month we get to see this huge small currency roll out .interesting times indeed 

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1 hour ago, justchecking123 said:

Wrong. 

 

Baghdad's economy, culture and people were basically fine until the US bombed them into the stone age.

 

Do some research before posting uninformed opinions.

 

And it's spelled "torture"...

 

 

Interesting theory, but not entirely true.  I was serving during the time of the first Gulf War.  I didn't personally have the opportunity to go to the Gulf, but I had many friends who did.  Many years afterwards I talked to others who had been there or had family who had been there.  I heard their stories and saw the photographic evidence of a highly oppressed people.  Anyone who even dared to suggest anything negative about Sadam, his family, his tactics, his government, etc. were met with prison, TORTURE, death, etc.  There were prisons full of children who were being held as hostages in order to keep their parents in line.  These are only a few of the things that happened as a result of Sadam's regime.  They didn't make the news, but it's still true.  Makes one wonder why this sort of thing didn't make the big headlines...

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14 minutes ago, tjokie said:

Interesting theory, but not entirely true.  I was serving during the time of the first Gulf War.  I didn't personally have the opportunity to go to the Gulf, but I had many friends who did.  Many years afterwards I talked to others who had been there or had family who had been there.  I heard their stories and saw the photographic evidence of a highly oppressed people.  Anyone who even dared to suggest anything negative about Sadam, his family, his tactics, his government, etc. were met with prison, TORTURE, death, etc.  There were prisons full of children who were being held as hostages in order to keep their parents in line.  These are only a few of the things that happened as a result of Sadam's regime.  They didn't make the news, but it's still true.  Makes one wonder why this sort of thing didn't make the big headlines...

 

I recall hearing a "real" news story shortly after Sadam's ouster that CNNs ability to maintain a presense in Iraq was based on only sharing positive news.....like the glorious nationwide celebration of Sadams birthday and such.....not much has changed at CNN.....still at the beck and call of a dictator(s).

Edited by DinarDavo
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lmb4321, we will see CBI distributing the new small categories next month...but i have a really, really good feeling that CBI may make a move late this month with all the news coming from them and this: 

 President of the Association of Iraqi private banks, Wadih al-Hanal, on Wednesday, that the time is appropriate to activate the initiative of the Central Bank of "trillion dinars" for the support system" rel="">support of small and medium enterprises .

Al-Hantal said in his speech during the workshop "one-trillion-dollar initiative to support system" rel="">support small and medium enterprises" held in the city of Erbil and attended by "economy News", the reason for non-activation of the initiative at the time of launch due to the existence of a window selling the currency, which banks were making profits from it, "When the interest rate was set at 4% to lend to the market there was another source of profit, the window of the currency, but the recent profits ended is left to banks only lendi

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Honestly, through years of reading news and research, Iraq's economic history has been an up and down road.  Under the peaceful years of Sadam Hussein, before the Iran war and descent oil prices, the economy flourished with the value of the Dinar reaching over $3.00.  Then during and post Iran war which Iraq could not afford,  hyperinflation started to set in, just like what is happening in Iran presently.  Then Sadam decided to attack Kuwait (big mistake) the international community furthered the destruction of of the economy with debilitating sanctions and loss infrastructure, culminating post Gulf War with the Value of the IQD reaching 3000 IQD to the dollar.  Thus came the printing of the New Iraqi Dinar in which we all hold and the beginning of the Central Bank of Iraq.  Today, we see the value hovering between 1190 and 1200.  A far cry better than 3000 IQD to the dollar consider the effects of the War against ISIS, and Government Corruption. The CBI presently has been able to hold inflation to a minimum and hopefully after the appropriate legislation is passed we will see the value of the IQD increase even more.  IMO, one of the big hold backs for the IQD is the fact that Iraq choses not to move into article VIII for debt protection.  Iraq is extremely rich in resources and is attempting to gain more international investment.  It would be a little easier to obtain this investment if the IQD were internationally tradeable.  

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4 hours ago, justchecking123 said:

Wrong. 

 

Baghdad's economy, culture and people were basically fine until the US bombed them into the stone age.

 

Do some research before posting uninformed opinions.

 

And it's spelled "torture"...

 

 

 

 

Were you there?

 

Curious on what research you base your comment on....

 

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Peaceful years in Iraq? Not since it became a country has there really been peace. Sadam gained power by bringing the assembly together and escorting out the ones he dindt like and shot them in the back pf the head. Some say Iran isnt done with Iraq as it controls the southern portion of Iraq and terror groups found a haven in Iraq when Sadam was in power. The Kurds have been fighting since the late fifties and even today they fight. There will never be peace in the Middle East intil the three religions decide on a winner and the other two no longer exist. Its been that way wven before the pedophilia prophet who tried to conquer the arabian pennisula  by the sword. Even then the Middle East has been ravaged by war since man has been walking the earth. Peace? Never in the ME.

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Well, well, well...

 

They weren't a rich country. Yeah Saddam wasn't a good man, but this country had life, was generally happy and vibrant, with infrastructure, and people who didn't have to worry about basic human needs. 

 

Butifldrm had a well-explained over of my...take...so I won't ramble on about it, the research is out there for people to look up.

 

No. I haven't been there.

 

But I knew Iraqi exchange students at my local state college who were.

 

They loved their homeland...and told me a TON about before and after.

 

People had money and bank accounts, etc.

 

Two weeks before the shock and awe it looked like this. I'd suggest watching the whole thIng, not just a sound bite for an opinion.

 

 

 

 

 

 

 

 

 

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11 crazy facts about Saddam Hussein

 

Dictators are colorful people, to put it mildly. It must be something about being constantly alone, maybe being a little paranoid all the time, or maybe they just get on a non-stop high from absolute power.

Hitler thought eating meat was abhorrent, but had no qualms about methamphetamine. Francois "Papa Doc" Duvalier sent someone to collect the air around JFK's grave so he could control the dead president's soul. Muammar Qaddafi had a crush on Condoleezza Rice that rivals the one I have on Nicki Minaj.

 

 

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Call me.

It seems like every dictator has some bizarre personality quirks or aspirations that may seem out of character. And Saddam Hussein was no different.

 

He penned a best-selling romance novel.

The book, "Zabiba and the King," was originally published anonymously in 2000.  In the decade between its publishing and the Gulf War, the Iraqi dictator encouraged Iraqi artists to tell stories that surrounded the idyllic life in Iraq and to "bring the feats of the 'Mother of All Battles' home to the people."

 

 

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We're all hip to what "encouragement" from Saddam means, right?

The author stated his humble desire to remain anonymous, but Iraqi newspapers started to report that Hussein might be the author. The book became an immediate bestseller, then was turned into a musical spectacular.

The CIA believes the book was at least supervised by the dictator.

 

Hussein thought the U.S. gave him the green light to invade Kuwait.

 

President Bush 41's Ambassador to Iraq, April Glaspie, told Hussein the U.S. did not want a trade war with Iraq. Saddam committed to peace, so long as the Kuwaitis agreed to meet OPEC production standards. Glaspie replied:

 

"We have no opinion on the Arab-Arab conflicts, like your border disagreement with Kuwait... The instruction we had during this period was that we should express no opinion on this issue and that the issue is not associated with America."

 

 

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"I've made a huge mistake"

 

The Kuwaitis did not meet OPEC's standards so Iraqi tanks rolled across the border. The Iraqi leader was surprised when President Bush condemned the invasion.

 

He received a UNESCO award for raising Iraq's quality of life.

Hussein served as the Ba'ath Party vice-chairman from 1968 to 1979. In that time, he created a nationwide literacy program, setting up reading circles in Iraq's cities. Missing these classes was punishable by three years imprisonment.

He built roads, schools, and hospitals and carved out a public health system that was tops in the region. The UN's Educational, Scientific, and Cultural Organization honored his achievement in helping to eradicate illiteracy in his country.

 

 

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(Iraqi News Agency)

Then, in 1979, he seized power. His actions in the coming years would make his development work look like a planned deception.

 

A Saddam-like character was featured in a Justice League comic.

In a 1999 comic book, the Justice League of America – Batman, Superman, Wonder Woman, the Flash, Green Arrow, and others – watched as UN weapons inspectors were ejected from the rogue Middle East nation of Kirai. Meanwhile a well-meaning but naive new member of the League name Antaeus kills the dictator (who looks a lot like Saddam) of the country rather than do things the JLA way.

The country descends into a multi-faction civil war, ethnic conflict, regional powers exerting military influence, and a battlefield for the ongoing fight between Sunni and Shia Islam.

This was in 1999. If only President Bush read DC Comics.

 

He wiped out an entire civilization.

Saddam accused Iraq's Marsh Arabs of colluding with the Iranians during the 1980-1988 Iran-Iraq War. In order to kill them all easier, he drained the legendary marshes – once thought to be the biblical garden of eden. The 9,000-square kilometer area was slowly dwindling to 760 by the time of the 2003 American invasion.

 

 

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(Photo by Salim Virji, used by permission)

The people inhabiting those wetlands were either killed or forced to flee Saddam's paranoid wrath. After the dictator's ouster, the Iraqis destroyed the dams preventing water from flowing back into the wetlands and its ancient inhabitants started to return.

In 2016, UNESCO named the wetlands a World Heritage Site.

 

Hussein pledged $94 million to help America's poor.

Well before September 11, 2001 changed the future of American foreign policy and the day before President George W. Bush took office, Saddam Hussein sought to send $94 million to the United States. The reason: "humanitarian aid for the "homeless and wretched Americans living in poverty."

 

He received the key to the city of Detroit.

The year he took power in Iraq, Hussein received a congratulatory note from a Reverend Jacob Yasso in Detroit. The dictator sent Yasso and his congregation of Chaldean Christians $250,000. Chaldeans are a sect of Christianity with roots in modern-day Iraq.

 

 

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Yasso (right) presents the Key to Detroit to Saddam Hussein. (Iraqi State Media)

Yasso was invited to come to Baghdad and meet Saddam. While there, he presented the Iraqi dictator with the key to the city of Detroit, courtesy of then-Mayor Coleman Young. Hussein then gave the church another $200,000.

 

He hated Froot Loops.

U.S. Army Spc. Sean O'Shea, a Pennsylvania National Guardsman, was charged with being the personal jailer for Saddam while the toppled dictator was a prisoner of the Americans in Baghdad. O'Shea mopped the floors, served him meals, and was essentially a sort of valet for Saddam Hussein.

The old man gave him advice on everything from women to home remedies. One of the few times O'Shea ever "saw him look defeated" was when the jail ran out of Raisin Bran Crunch and had to serve the guy Froot Loops. The dictator hated them.

(Read more about Spc. O'Shea's life with Saddam over at GQ)

 

He offered to debate George W. Bush on live TV.

In an effort to prevent the 2003 American invasion of Iraq, the dictator offered to debate U.S. President George W. Bush on live TV. In a three-hour interview with CBS News, he offered a satellite link up to debate the U.S. President.

"I am ready to conduct a direct dialogue – a debate – with your president," CBS quoted Saddam as saying. "I will say what I want and he will say what he wants."

The White House said the offer wasn't a serious one but Hussein reiterated his stance.

"This is something proposed in earnest out of my respect for the people of the United States and the people of Iraq and the people of the world. I call for this because war is not a joke."

 

He commissioned a Qur'an written in his own blood.

Despite the fact that using blood to write a Qur'an is considered haram - forbidden - in every sect, branch, and offshoot of Islam, that never stopped Saddam Hussein. He commissioned one on his 60th birthday. Calligrapher Abbas Shakir Joudi wrote 6,000 verses and 336,000 words of the Qur'an using 50 pints of blood over the course of two years.

 

 

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"Use a pen, Saddam."

If you're a blood expert who questions if it's possible to give that much blood over two years, you aren't alone. A blood donation expert once estimated it would have taken at least nine years to safely donate that much blood. That sort of thing never stopped Saddam Hussein either.

 

Young Saddam was raised by a single mother and wanted to be a lawyer.

The young Saddam was raised by his mother after his father, a shepherd, disappeared one day. The main male influence in his life was his uncle, who was a member of the Ba'ath Party. After his brother died of cancer, Hussein's mother was no longer able to take care of Saddam and he lived with his Arab nationalist uncle in Baghdad.

 

 

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Beware Iraqi Presidents bearing swords.

After a failed assassination attempt on the sitting Iraqi president, Abd al-Karim Qasim, Saddam fled to Syria, then Egypt, where he studied law.

When Qasim was ousted for good in 1963, Saddam the educated lawyer returned to Iraq and the Ba'ath party.

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11 hours ago, justchecking123 said:

Wrong. 

 

Baghdad's economy, culture and people were basically fine until the US bombed them into the stone age.

 

Do some research before posting uninformed opinions.

 

And it's spelled "torture"...

 

 

Thanks we will have to agree to disagree. I have done my research but thanks for your uninformed opinion.

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9 hours ago, tjokie said:

Interesting theory, but not entirely true.  I was serving during the time of the first Gulf War.  I didn't personally have the opportunity to go to the Gulf, but I had many friends who did.  Many years afterwards I talked to others who had been there or had family who had been there.  I heard their stories and saw the photographic evidence of a highly oppressed people.  Anyone who even dared to suggest anything negative about Sadam, his family, his tactics, his government, etc. were met with prison, TORTURE, death, etc.  There were prisons full of children who were being held as hostages in order to keep their parents in line.  These are only a few of the things that happened as a result of Sadam's regime.  They didn't make the news, but it's still true.  Makes one wonder why this sort of thing didn't make the big headlines...

Someone else who has done their research...

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  • yota691 changed the title to Report: Saudi Arabia seizes 48% of foreign currency reserves for Arab countries

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