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From Adam: CBI Auctions. These are used by the CBI to regulate the money, control the money, maintain the money - specifically, the rate and the amount in circulation. Actually, the CBI is selling USD at the auctions... but this will turn into a 7 hour read if I go too deep into that! It's helpful to understand where Iraq comes up with the USD to sell at the CBI auctions. The short version is this: Iraq's primary source of revenue is OIL. Payments are made in US Dollars, paid to the DFI (Development Fund For Iraq). The USD is then transferred to the Ministry of Finance (MoF), and the MoF sells it to the CBI in exchange for Dinars - the same Dinars that the CBI collected through the Auctions of USD. image source See how that all came full circle? Money in, money out, easy peasy. (This will take us to the Budget later.) (Fun fact! Dollars go to the DFI account rather than directly to the MoF to prevent the money from immediately being confiscated to pay reparation debts... kind of like using an IBC to protect assets.) We can expect the auctions to continue while the Dinar is pegged to the dollar, undervalued, and the circulation needs to be controlled. There are some people who believe the Auctions in Iraq need to stop, and there's good reason for that - few countries have had success with them. For example, South Sudan (who knows where that is?) tried it four times after they devalued. South Sudan, which is known as one of the most underdeveloped nations in the world, and who's primary export is timber. That's no knock on wood, the world needs wood... but wood isn't oil, and South Sudan isn't Iraq. (Sudan and South Sudan don't even make the top 100 in the world for oil reserves.) Iraq is obviously different, both in potential here and in the successful practice of having auctions. Other countries to do currency auctions include Jamaica, Uganda and Sierra Leone. Like South Sudan - none of them are Iraq, and none of them carried Auctions as long as Iraq... in fact, the auctions in those cases were failures. With those examples in mind, of course we'd like to see the currency options stop. And they probably will, at some point. But most likely not until after the RV. Since the auctions aren't stopping, and Iraq is not the same as the countries that failed at auctions... what can we expect during a major rate change? Fantastic question! I'll take a stab at it, using examples to make the point. At the auctions, the CBI operates buy/sell at about a 2% difference, which is an effective start of the spread that will affect every single one of us. If the rate were changed today to 1IQD per 1USD and the IQD returns to the global market (it will, at any significant increase in rate), then we will be trading in at the rate stated by the CBI minus middlemen fees - what it costs to actually get the money through the various institutions and into your account. (This isn't Bitcoin, you know!) If the CBI is using a 2% spread, they will "buy" at .98 and "sell" at 1 per US dollar. I fully expect that to fluctuate, perhaps wildly. They may pay .99 at first to show their confidence, and then lower it to .90 or further. (The bigger the differential, the more beneficial it is to them for the day profits.) They may quickly move to a flat 1:1 "Auction rate" simply to reinforce the rate and show that they are going to ditch the auctions soon - a lot of this is going to depend on the market. It is a business, after all. A 2 cent difference may not seem like much, but bear with me... It is important to understand the spread! I'll keep using the 1:1 number. For example, Iraq announces that the dinar is equal to the US dollar, the CBI is backing it, the IQD goes on the global market, and the rate sustains itself after a short time due to market demand. At this point, a lot changes, but those are different (and much longer) conversations. When we exchange, we are not going to the CBI - we are going to a bank that will trade IQD for dollars (or any currency). That bank will rely on the CBI buy rate first, which means they are getting a max of .98 USD per 1 IQD. Then they have to pay tellers and all their other expenses, so they add their spread on top of that - and this is assuming the bank you use is buying (selling) direct with the CBI. (They won't be.) By the time it gets to you, the CBI may have an advertised rate of $1, but you're only putting .70 in your pocket (before taxes). That "spread", or "cost", is unavoidable. We are not going to get the full "rate". Of course, you will get a better rate (money in your pocket) if you're VIPhere at DinarVets, but that's not the point of this. The point is the Auctions will continue, and looking at past auctions - even yesterday's or today's auction - will not give us clues to if Iraq will RV today or tomorrow. (If we could see tomorrow's auction, that would be a different story!) The Auctions are good to see, in Iraq, because they are proof that Iraq is stable, still in business, and functioning. But the CBI Auctions will not give us the RV date until after you get my text message. In my opinion no seeing the auctions for 7 days in a row means the CBI is up to something. Go RV Go asap

Once Again, NO Daily Auction today. Wednesday - 3/25/2020 The ISX has not reopened for business - no reported currency change. That's 9 consecutive days (2 days closed), 7 no Auction days.

Partially... corona is having an impact everywhere, directly and indirectly. Corona isn't the primary driver in this, though - that is true.

3-25-2020 Newshound Guru Breitling [Question: "Is there any indication of how much Iraqi dinar the US government owns? Can you comment on the viability of the revaluation of the dinar to fund the stimulus package...?"] The United States doesn't need money from anybody. Trump is trying to lower the value of the dollar so we can compete correctly. [Q? : How do you do that?] You have to inject money into the economy...we don't need Iraq's money. The government doesn't. I do. I'm speculating. But it doesn't work that way. You're putting heavy dinar goggles on. Our country is going to function whether Iraq exists or not...it's a good question but we don't need them for a stimulus package... 3-25-2020 Intel Guru Frank26 ...a currency swap was actually recently done with the Central Bank of Iraq and banks of the United States of America and other banks all around the world. This process is long. They've been working on it for a long time. Over a year. I thought they'd be ready this past January. No, they failed again and maybe it was because of the political B.S. of Iran. But we got that taken care of - stability and security. And we stopped the auctions and using the American dollar. The CBI and US banks made swaps. Around the middle part of December last year...this scenario is pressure because it's leading the IQD to the point of raising the value of the currency. It's the only solution for both the CBI and the GOI to pay their bills and build Iraq...They're running out of American dollars...oil is not selling at a very good price right now putting pressure on the CBI and the GOI to raise the value...it's all pointing in one direction...

To me this spells global currency reset and rv!

Years ago a DV member posted the dates of past Iraqi dinar revaluation. All of them at the end of March. Hoping for an RV at the end of March. Go RV Go ASAP

Thanks everyone for their response, I can now take the coronavirus out of anything to do with the stopping of the auctions...

3-25-2020 Newshound/Intel Guru Mnt Goat Article: "THE IRAQI PRESIDENT TRANSMITS THREE AMERICAN DEMANDS TO ADNAN AL-ZARFI" Quote: "...the American demands are summarized in three axes: First: Reducing the role of the popular crowd (Iranian backed) and keeping it away from influencing the Iraqi political decision. Second: to keep the Iranian influence from penetrating into the political and economic life of Iraq through frank and direct negotiations with Iran about that. Third: Opening up to the Arab and regional ocean countries away from Iranian dictates." So we are seeing the effort on the part of the US to get Iran out of Iraq and out of Iraqi politics. We all should know by now this is the impeding element in any progress towards currency reform. Now we know why the Shia blocks (pro Iran) are so much against Zarfi, they fear he's influenced by the USA.

3-24-2020 Intel Guru Footforward ...people are mad because the RV hasn't happened yet. Don't be shaken! Look at all the signs that are happening..!!! 3-24-2020 Intel Guru Delta Article: "The World Bank informs Iraq of its unwillingness to discuss any new loan for Baghdad with the status quo" IT'S ABOUT TIME... THANK U WORLD BANK...MUSIC TO MY EARS... BOOOOOOOOM..! 3-24-2020 Newshound Guru Kaperoni ...Yes, the CBI is talking to the IMF about loans to manage the budget during this difficult time but there was no talk of raising the value of the dinar...Like I have already stated..there only really two options for Iraq...LOP the dinar (neutral event, minimal increase) or pass laws and build a private sector and float the dinar.

I knew where my dong was the whole time, just had to pull it out. Got my dong in one hand and my dinar in the other ready to go cash in.

I can see that too. What I was saying is if they were gonna keep him from it, then they should be barred too.

So to slow the spread of the virus in LA county facilities, you release the inmates of said facilities into the general county population so it spreads there. So it infects more of the law abiding citizens. Did you place all of them on ankle bracelets so you can monitor them and make sure they stay at home and do not migrate anywhere ? Brillant !!! Genius !!! Dumb ... you know what .

Awesome post LaidBack

Agree with you screwball.! The closer we have been in many years Go RV Go asap

No auctions is supposed to be a trigger for an RV! Was always what I was led to believe’ JMHO 🤠

As long as it includes demonrat lawmakers too, then I guess its ok. I don't know why you got negged CL, but I evened you out.

Finally, he's on the tarmac. Then Thug executes the perfect drive-by !!!

Good. Sorry. Not sorry Iraq. Time to Shiite or get off the pot

🚫No more loans for Iraq 🇮🇶 it is time to dissolve parliament.

Adam I been following you on and off for a while for years.. its seems the coronavirus is the right tool to put people in fear and panic and stay busy while the media continuing giving counts of dead and affected victims.. but in general friends and family can not account for not even one with this virus.. but the media control all the numbers. its obvious we are moving towards the collapse that's been coming for a while and many laws and governments polices have been in place which take away power from us the people and hand over to the governments democrats and republicans alike towards the beast system.. its obvious the digital system is now in place. how will the dinar be of a increase in value when world government is moving away from paper current and instead heading to cashless society?

Corona may revitalize the Iraqi economy .. Baghdad is on the cusp of exemptions from foreign debt payments 2020-03-24 [/size] Yassin Iraq: Baghdad World Bank Group President David Malpas said on Monday that the bank may harness up to $ 150 billion in resources over the next 15 months to help developing countries fight and recover from the Corona virus pandemic, while calling on G20 leaders to allow the poorest to suspend all debt payments . In a statement to the finance ministers and central bankers of the Group of Twenty countries issued by the World Bank, Malpas called the creditor countries in the group to allow the poorest countries to suspend all bilateral debt payments while fighting the virus. He said the poorest countries should be allowed to focus their resources on health measures in the face of the crisis. "I call on the leaders of the Group of Twenty to allow the poorest countries to suspend all official bilateral debt payments, until the World Bank and the International Monetary Fund have completed a comprehensive assessment of their needs for reconstruction and financing," he said in the statement. Malbas said that the bank is currently preparing projects in 49 countries to help fight the virus under a new fast-track credit facility, and decisions are expected this week on up to 16 projects. He explained that the bank is consulting with China and other major countries to obtain assistance for the rapid industrialization and delivery of many of the medical supplies that countries need. Iraq debt A parliamentary committee in the Iraqi parliament revealed, at the end of last year, the foreign debts of Iraq, noting that it had reached the stage of the threat to the economic future. Member of the Parliamentary Finance Committee, Ahmad al-Jubouri, told the official Al-Sabah newspaper that “the committee had previously suspended debt, especially foreign, in the 2019 budget, at a time when there is an obligation to continue debt as it was present during the war against ISIS gangs in the governorates of Nineveh, Anbar and Salah al-Din.” He pointed out that "debts, especially foreign affairs, amounted to 125 billion dollars." He warned that "its survival portends a danger to the economic future of Iraq," noting that "there are 20 paragraphs of debt that will be in the 2020 budget." The International Monetary Fund said, last year, that Iraq’s debts worsened during the past years, where they were 6 years ago 73.1 billion dollars, and rose in 2014 to 75.2 billion dollars, and in 2015 they became 98.0 billion dollars, while two years ago it was 114.6 billion dollars, to rise In the year 2017 to $ 122.9 billion. https://yesiraq.com/%d9%83%d9%88%d8%b1%d9%88%d9%86%d8%a7-%d9%82%d8%af-%d9%8a%d9%8f%d9%86%d9%91%d8%b4%d8%b7-%d8%a7%d9%84%d8%a7%d9%82%d8%aa%d8%b5%d8%a7%d8%af-%d8%a7%d9%84%d8%b9%d8%b1%d8%a7%d9%82%d9%8a-%d8%a8%d8%ba%d8%af/

The World Bank informs Iraq of its unwillingness to discuss any new loan for Baghdad with the status quo 3/24/2020 Baghdad - Mawazine News revealed a senior Iraqi official in Baghdad, on Tuesday, that the World Bank informed Iraq of its unwillingness to discuss any new loan to Baghdad, the current status of the country. The official said, "The option of external borrowing, as one of the government's means to alleviate the financial crisis, is not raised due to assurances received from the World Bank that it is not ready to discuss any new loan to Baghdad in the current state of the country," noting that "recent government decisions were unsuccessful and contributed to increasing Financial deficit. " He added, "These decisions are represented in the employment packages launched by the government, and they were all courtesy motives at the expense of the actual need, and have so far reached more than a quarter of a million jobs." Ended 29 / A 43 https://www.mawazin.net/Details.aspx?jimare=91691

So you have an duly elected billionaire President.....gave up his luxurious life style.....even donates his piddly yearly pay..... And a crisis hits....affecting all businesses.....including his.....and part of the solution is to be sure that the Presidents businesses are exempted from any help......isn't that special? Hope they all rot in hell! CL POLITICS Trump businesses barred from getting coronavirus stimulus money, Schumer says PUBLISHED WED, MAR 25 2020 6:58 AM EDT UPDATED AN HOUR AGO Mike Calia SHARE KEY POINTS President Trump's businesses are barred from getting loans or investments under the new $2 trillion coronavirus stimulus deal, according to Senate Minority Leader Chuck Schumer. The Trump Organization, which the president has not divested, is run by his two elder sons, Donald Jr. and Eric. The company controls several hotels, resorts and golf clubs, including Mar-a-Lago in Palm Beach, Florida. Democrats and other critics of the president were concerned that Trump's businesses would receive bailout money because the tourism industry is one of the hardest hit by the coronavirus. President Donald Trump's Mar-a-Lago resort is seen on November 1, 2019 in Palm Beach, Florida. Joe Raedle President Donald Trump's businesses are barred from getting loans or investments under the new $2 trillion coronavirus stimulus deal, according to Senate Minority Leader Chuck Schumer. The Trump Organization, which the president has not divested, is run by his two elder sons, Donald Jr. and Eric. The company controls several hotels, resorts and golf clubs, including Mar-a-Lago in Palm Beach, Florida. The resort closed last week, during its peak season. Lawmakers and the White House reached an agreement early Wednesday after days of tense, roller-coaster negotiations that added to uncertainty in markets. Democrats and other critics of the president were concerned that Trump's businesses would receive bailout money because the tourism industry is one of the hardest-hit by the coronavirus, which has spurred leaders to restrict travel and companies to cut capacity and close up shop. The measure will also ban businesses controlled by Vice President Mike Pence, Cabinet members and lawmakers from receiving the funds, according to details circulated by Schumer, D-N.Y. Senate Majority Leader Mitch McConnell, R-Ky., said early Wednesday the chamber would vote on the bill later in the day. If approved by the Senate, the bill faces action in the Democratic-led House. The White House declined to comment. TRENDING NOW 1 Negative rates come to the US: 1-month and 3-month Treasury bill yields are now below zero 2 Trump businesses barred from getting coronavirus stimulus money, Schumer says 3 White House and Senate strike a deal on historic $2 trillion coronavirus stimulus bill 4 Coronavirus live updates: Almost half of NYC's patients are under 45, hospitals nearly 'maxed out' 5 Former Fed Chairman Ben Bernanke sees 'very sharp' recession, followed by 'fairly quick' rebound View the full site © 2019 CNBC LLC. All Rights Reserved. A Division of NBCUniversal Data is a real time snapshot *Data is delayed at least 15 minutes. Global Business and Financial News, Stocks, Quotes, and Market Data, and Analysis. Privacy Policy Do Not Sell My Personal Information Terms of Service Data also provided by

How to NOT Run a Country 101 & Beyond - - Anyone else feel like they’ve earned their Masters in this 17 years debacle ?😀

🙏🏻

A few analysts claimed the bottom is in for this bear market. We now have a very big rally going on. The behavior is almost psycho. We may be going up for now but the FACT is we still have a lot of bad things still going on. I still think this is a trade-able rally but I still think we have a lot of work to do. Watch the Ema 20 on the S&P.

OK, it's like being a Buffalo Bills fan and having an absolute hate for the New England Patriots and Tom Brady. Then Brady moves on to, let's say, Tampa Bay Buccaneers. You still hate Tom. Only less. Hope that explained it.

and a little more from the WHO site For the first time, the number of deaths from coronavirus jumps above 15,000. However, after analyzing the data of people infected with the virus, about 15% of coronavirus patients are suffering from severe disease and hospitals being overwhelmed. So, doctors are busy searching for anti respiratory drugs to treat COVID-19 patients. Then last week, the good news came after a small study in France showed that antimalaria drugs Hydroxychloroquine and Azithromycin (Z-Pak) cures 100% of coronavirus patients within 6 days of treatment.

Satrr

Yes it does my friend. Just found my dong. I think this could be a real game changer. Their production is competing with China. Compared to China’s currency, the dong is way undervalued. Left my glasses at work so I can’t see while typing. 😂

Let’s hope shite is going down...let’s hope our ride is over soon and we,open a new chapter,,

I did not see this article when I posted on another thread. I stated as much that the IMF said politely to Iraq in June 2019 that this day was coming. This is just the World Bank. The IMF is next.

SOURCE: STYXHEXENHAMMER666 *****/LANGUAGE\***** I will argue that the DEMEXIT has not just begun, but has been in effect ever since Trump announced his candidacy. Indy

Electronically. Virtual buying and selling only. There would be too much currency exchanging hands and thus even more thievery would follow.

AAAAWWWWEEEEE Did sombody get der feelers hurt 🤣🤣🤣🤣🤣🤣🤣😎😎😎😎😎😎😎😎😎😎😎😎😎😎😎😎😎

The Market is back up over 600 on the DJ-30 now. I got my bounce but in LUV. Very active market today. Just from what I’m seeing right now at 1130 am ET we might get another semi up day tomorrow and probably a run to the 20 ema on the S&P. If we get through the 20 ema we may extend this rally into Friday. I still have my two swings going but I’m watching that 20ema careful for a kiss and back down. I’m hoping we can go sideways for a few days so the Market can let time be a healer of a broken up Market. A consolidation or base building action would be more healthy than a swift up followed by a sharp decline. We will see. They don’t consult me when they trade. Haha. The Market will do what it wants to do by the people who trade it.

Wonder how long they can keep dragging their feet and continue to NOT do the right thing (s). These are a determined & stubborn mob of criminals. Iraq is teetering on the brink of collapse. Won’t take but a nudge to push them into the Abyss.

He isn't DRINKING the kool ade, he is SERVING it and hoping that YOU will drink it !!!!!!!!!!!

You're welcome. My daughter is on Plaquenil for Rheumatoid Arthritis. She works in the medical field and told me this and I was able to confirm it with this article.

So glad I’m not the only one with that problem.. 😂

Starr

Starr

I don't think Biden or Sanders will be the nominee after the convention...

sadly the husband lost his life the wife is in critical care but they did not self medicate with the medicine chloroquine they ingested chloroquine phosphate which is a form of the chemical used in fish tank cleaner like ur article states which is completely different from the anti- malaria drug hydroxychloroquine which has been around since 1945 by prescription ... thanks for the article flamtap all the best

Oh ‘March’ !

3-24-2020 Newshound Guru Pimpy I think once this coronavirus starts to subside a little bit you're gonna see some very very very quick actions. A lot of movement in Iraq. I really think they cannot continue to exist this way without a rate change. Whether they get to reinstate at $3.22 or whether I'm right and it's gonna be somewhere around $1.34... 3-24-2020 Newshound Guru Jeff ..."I didn't say the rate changed". I said, "the rate change process started". We are in the middle of the rate change process right now. It has started...IMO we are approaching the end...! 3-24-2020 Newshound Guru Breitling ...a little bit of privileged information. They kind of have a choice coming up. Do they want to revalue at a certain rate and then when the markets correct itself add value to it and get into the markets at a little bit of a higher rate so they can get gains on it. Because here's the problem, they can add value to their currency today they've always had that ability...but if they're not investing that they're not getting a return on it. They're just keeping their economy afloat...they have to structure this thing to where they can get into the markets...the more that they wait - the more that the market is in the position it's in - the higher the rate you and I get. And that's what's exciting. Because it just accelerated...! 3-24-2020 Intel Guru Frank26 [Question: Is it possible for the RI to be pushed out several months from the coronavirus epidemic?] Of course it is, but the way it's moving right now in the direction that it's going crescendo - peaking - almost over with, manufacturers helping, the whole economic world is not listening 'Oh it's a disaster' instead they're holding back and they're gonna move the moment Trump tells them. [Q? : So is it possible that the RI could be pushed out several months...?] Based on all those things that we've been saying and studying, no I just don't see that. 3-24-2020 Newshound/Intel Guru Mnt Goat Article: "THE US STATE DEPARTMENT REFUSES TO CONSIDER AL-ZARFI AS "SUPPORTED" BY WASHINGTON ONLY BUT RATHER SUPPORTED BASED ON PRINCIPLES FOR IRAQ" Quote: "The United States did not focus on individuals, but rather on principles related to the appointed Iraqi Prime Minister, Adnan Al-Zarfi..." please don’t go off half-cocked thinking this article means that the US does not support the new PM candidate al-Zarfi. This is NOT what it is saying. Instead Mr. Schenker is just down playing the inference that the US is controlling Iraq by supporting the new candidate and a puppet to the US. Instead he wanted to tell everyone the US supports the principles behind the man not just supporting a puppet prime minister...Actually this is really good news! 3-24-2020 Intel Guru Frank26 Question "Now that the auctions have been stopped..." You have to be careful with that. They've been stopped because of the curfew. Because of the virus. Will they come back? Will they come back different? Will they come back at the program rate? Will they come back with only their currency at a program rate or a new rate? This is where we're at with my teams... Question continues. "...in your opinion is Iraq implementing or planning their next course of action?" Yes. That's what our studies have all been. I believe their next course of action was to stop the auctions. To stop using the American dollar. BUT they did that! So I wonder what they're gonna do next - suddenly..!

Thanks for your input DoD, I was thinking the same thing my friend. hoping for the best. Lets see what happens Sunday 3/29

Agreed LB, it's interesting but I'm wondering why they extended the opening for another 5 days. Their blaming it on the Health Crisis Cell in Iraq but the coronavirus won't be resolved by Sunday...

Thanks Thug....he may just be the right man to get Iraq on the right track...let's hope & pray.

Finally, the adult in the room says no more money. The World Bank should have done this 2 loans ago because making the thieves richer doesn't help the Iraqi citizens. This bad news to the crooks of Iraq could be just the thing to force them to think of the citizens for once an do the right thing. Thanks Mary B for the article......