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Showing content with the highest reputation on 03/27/2020 in all areas

  1. I actually feel sorry for all those people who got out and are not watching this. History is being made and we got front row seats. Our Ship is in the Harbor
    16 points
  2. The only way Iraq can avoid these American sanctions in 30 days is for al-Zrafi to be able to form a new government. I'm thinking even the thieving crooks in parliament have figured that out because they know if the USA puts these sanctions on them, all their money will be gone. It appears they are finally at place where they have no choice but to allow someone other than an Iranian puppet to run the country. I'm just curious to see how long the auctions and the ISX will be stopped, if the ISX doesn't resume on Sunday like planned this could really get interesting...
    14 points
  3. Who Negged Laid Back for the awesome post explaining the auctions? Come out please and explain yourself!!! I would like to read why it was done. A mistake maybe?
    14 points
  4. 3-26-2020 Newshound Guru Jeff What did I tell you was needed for a rate change? To shut down the financial markets. And they did and they're still down...the financial markets within Iraq have now been down for a period of two weeks. I told you that in my opinion the financial markets would be down down for a period of 4 weeks.. 3-26-2020 Newshound Guru Pimpy ...people are asking about the rate...to me it just makes sense that they come out with $1.34...I also made an argument why they could start off at the reinstated rate $3.22. They have nothing right now. They need more purchasing power so that they can turn around and buy a ton of things. This is another reason why I think they're going to come out with a managed rate not a free float...I hate to say this but most likely be reinstated at $3.22 rate but not for very long...a rate that high will not allow them to develop economically. They would not be able to compete on the open trade market with such a high rate. They'll most likely get back down to around $1.34...but don't be surprised if they don't come out with the $1.34 first. 3-26-2020 Intel Guru Frank26 The CBI has done the impossible...I said we are never going to have an RI until we control Iran. Sure enough we've got Iran controlled - Security and stability...Number 2: Stop the dog gone using of the American dollar in your country...the only way is to stop the auctions...here comes the coronavirus...that's a good excuse...Now you have a window so big you can throw the Empire State Building through it. They're not using the auctions...oil is dropping so low these guys have been pushed at the edge of the diving board...the only option is to jump in the international pool...raise the value...this is exciting. We got everything we've ever dreamed of... 3-26-2020 Newshound Guru Adam Montana ...The IMF has stated that CoronaVirus is impacting the entire world, and Iraq is included... a reasonable reaction to that would be "Oh, great, another reason for Iraq to ask for more handouts!" Article: "The World Bank informs Iraq of its unwillingness to discuss any new loan for Baghdad with the status quo" ...a good article yesterday regarding the World Bank on Iraq...we've been expressing for some time now that it's time to stop enabling Iraq's policy of "pleading poverty". This may be the beginning of the end of that practice - in a good way, for us! They aren't broke, they have the means, and it's time for them to get it together.‼️...This is taken from another site that follows Adam's opinions and posts snippets from them. You can find Adam's full chat in our DV Chat Logs Forum at: Adam Montana Weekly 25 March 2020 3-26-2020 Newshound/Intel Guru Mnt Goat Article: "THREE LARGE SHIITE PARLIAMENTARY BLOCS, GIVE PRIME MINISTER-DESIGNATE ADNAN AL-ZORFI, THE GREEN LIGHT, TO FORM THE NEW IRAQI GOVERNMENT" I hope Zarfi can quickly form his government and get himself appointed as the permanent prime minister in time for the price of oil to go back up, maybe in a few months. If he can, then we might be in a good place to see the currency reform. I am still hearing that the CBI wants to do this project to delete the zeros and just needs the political obstacle gone and stability to return. 3-26-2020 Newshound Guru Kaperoni There is no such thing as a different rate inside Iraq vs outside Iraq. ...And a float in which market forces dictates the rate is the only real option... 3-26-2020 Newshound Guru Jeff ...the currency auction have still been shut down since 3-17 so nothing has happened since 3-18...the ISX is going to continue to be shut down through the end of the 28th and reopen on the 29th...IMO the ISX will stay shut down and not come back online until Monday April 13th. [Reference Guru Jeff Post on 3-25-2020] That's All Folks .... Have a good night's sleep...! RON
    13 points
  5. Thanks again Ron, The excitement is building. CBI uses the daily auctions to improve monetary control and foster money market development. The CBI uses the daily auctions to: - Curb inflation - keep the 2% gap Between official rate and black market rate - build foreign currency reserves - cover imports - cover public employees salary In my opinion stopping the daily auctions means only one thing; They are moving to an open market economy with a new dinar rate Go Open market economy Go new dinar rate Go purchasing power
    13 points
  6. Thank you all for your comments. @3n1 @Carrello @jcav @WheresmyRV? @Retiredofficer @ronscarpa Go RV Go asap
    11 points
  7. Hi Jack, I'm in complete agreement with Laid Back - he posted: Thanks Laid Back .... well said. Ron
    11 points
  8. There are a few people on here that loves to neg some people for nothing. +1 for you Laid Back, I enjoy your optimism on here very much!
    11 points
  9. 3-27-2020 Intel Guru Frank26 ...all the right pieces are in the right places to push the button to raise the value of the currency...these are the things we dream about, that we salivate about, that I sometimes cry about...now you've got Allaq from the CBI boldly coming out and saying this is the only solution - our monetary reforms, to lift the 3 zeros, add value, we've got to move forward... Good Morning DV - we shall see what today brings us - have a blessed day ... RON
    10 points
  10. Hey @Synopsis! Your're not "nuts" buddy !! Don't worry, I got your back! It does make you wonder what may be happening...SSOOOOOOONNNN! The noose is tightening around their neck. No more loans, no more waivers, no more exclusions, no more, nada, zip, nothing! Lets not forget the President's order on those countries with under valued currencies. That goes into effect on the 6th.
    10 points
  11. 3-27-2020 Newshound Guru Pimpy ...the ISX is now open...trading has started up again. We do not see so far any change in the currency rate. I can tell you we're seeing some movement in a positive direction as far as those individual stocks are concerned...it's been down since the 16th so it's been down 10 days...we were anticipating it being down in the hopes of the rate change taking place. That's what we were looking for. We don't see the rate change yet. All the ISX could have done is at least set itself up for the rate change to happen...lets hope their purpose for shutting down is the fact that a rate change took place...Pimpy is incorrect, the ISX is not up...the tickers are moving, but rae from the last trading session - there has been no transactions since the 16th. I made this same mistake several days ago but corrected myself about 30 minutes later. We continue to WAIT..! RON 3-27-2020 Newshound Guru Jeff ...without a shadow of a doubt the [Iraqi] stock market is closed...In the top right corner of the website it said "latest update 3-16"...the last stock trade occurred on 3-16 and it has been shut down since 3-17...[Guru] Pimpy was 100% incorrect [Reference Guru Pimpy's post on 3-27-2020] . The stock market is not open. It is shut down and it's going to remain shut down until Saturday April Saturday April 11th. Reopening on the 12th...Confirmation of my remarks above...! Ron
    9 points
  12. Y’all thank you for your responses. I’ll share a lucid dream I had last night. Lady Luck came to visit me and dropped off a wallet filled with cash and other currency. I looked through the bills and there was a mixture of dinars and US dollar. I estimated it was around $500 US but not including the value of the dinars. There was other currency in the pile of treasure being given to me. There was gold coins and other coins. I recall Paraguay bills all in $3. I also saw $2 and $3 US in the wallet. It was such a wild dream with other details but I’ll try to write them down to share later. Dream big!
    9 points
  13. Source: Broad parliamentary acceptance of al-Zarfi last updated: March 26, 2020 - 10:49 a.m. He explained, "The stream of wisdom led by Ammar Al-Hakim is still also opposed to the commissioning mechanism, and not necessarily assigned to him. Therefore, Al-Zrafi spent the past days since his assignment in consultations, we can call it soft consultations with his opponents in order to dispel their fears, rather than conducting discussions. With other parties, whether the Shiite supporters of it, such as the alliance (Saeron) supported by Muqtada al-Sadr or (Victory) to which Zarfi himself belongs and led by Haider al-Abadi or from the national space that represents the Sunnis and the Kurds. This field amidst wide parliamentary acceptance He has even among the rejectionist blocs, but he does not want to proceed until after he has received the acceptance of the leaders of the rejectionist or conservative blocs, because he seeks to form a government facing crises and challenges, whether emergencies such as (Corona) and the financial crisis or the challenges that existed which is the holding of early elections, No government creates new crises. ” link
    9 points
  14. So, OK, I am nuts. Nothing new about THAT. Well, OK, a 30 DAY EXTENSION FOR THEE Bicraqi Iraqi???!!! With NO EXTENSION PAST 30 DAZE???!!! WHAT, pray tell, IF ANYTHING will OCCUR OTHERWISE LIKIE CLOCK WORK???!!! The 2020Q1 Corporate burnings, er, EARNINGS REPORT AFFECTING THEE CROCK, er, STOCK MARKET!!! YYYEEEAAAHHH BBBAAABBBYYY!!!!!!!!!!!!!!!!!!!!! Maybe BABY THEE NEXT 30 DAZE ARE NEWS PACKED AND ACTION FILLED???!!! Ayatollah Ali Knomeini BITES THEE DUST DUE TO THEE CoronaIVirus???!!! WHAT, pray tell, "affect" Will THAT Have On The Iranians???!!! The True The United States Of America Patriot President Donald J Trump SAID THE CORONAVIRUS IS DONE, DONE, DONE COME EASTER 2020???!!! WHAT, pray tell, IF THEE CROCK, er, STOCK MARKET IS ABOVE 29,000 COME April 25, 2020???!!! YYYEEEAAAHHH BBBAAABBBYYY!!!!!!!!!!!!!!!!!!!!! Go E Pluribus Unum FOREVER!!! Go MAGA FOREVER!!! Go True The United States Of America Patriot President Donald J Trump THROUGH 2024!!! Go True The United States Of America Patriots FOREVER!!! Go Israel FOREVER!!! (A Special Thank You To ALL The Red Rubymeisters In ADVANCE For ALL The Red Ruby Citations As Badges Of Honor For ME For "Display Of Intellectual Speed And Power" Who THINK (misnomer, OF COURSE) The True The United States Of America Patriot President Donald J Trump IS A POS!!!)!!! Go Red Rubymeisters AND Self Declared Lack Of Sufficient Intelligence Voters (ELSEWHERE!!!)!!! Go Moola Nova!
    9 points
  15. We will not shed tears on your departure last updated: March 26, 2020 - 12:18 PM Written by: Iyad Al-Samawi All indications and indications confirm that the Prime Minister-designate Adnan Al-Zarfi is proceeding with the formation of his government, and there is no indication on the horizon until the moment that indicates the opposite of this. Health .. It seems clear that the man is confident of himself and intends to pass his government, whether through the constitution or by force through the American military intervention .. It seems also that the golden age of political Islam and armed gangs out of the law has come to an end for several internal reasons And external strategy related Of the United States in Iraq and the region in general .. US military Valmnorat in the Emirates that I talked about the media was a clear message to the Iraqi parties and political forces to accept the ruling Adnan Zurfi as prime minister .. From America’s point of view, the crowd that Qasim Soleimani and Jamal Al-Muhandis established must end and be removed from the Iraqi map, and there is no crowd other than the four factions supported by the Abbasid, Husayn, and American-accepted thresholds. Corruption, plunder, and theft recorded the dirtiest and worst period of rule in the modern Iraqi state? ... The next American scheme in Iraq requires all armed Islamic factions loyal to Iran to be removed from the map, and the demise of all Islamic corruption parties that have transgressed their corruption and the corruption of their leaders beyond the limits of perception .. and the vast majority of Iraqis believe that America will succeed in this scheme, not because of a major association The ministers in charge of the American administration, but because of the desperation that the Iraqis have reached as a result of the rule of Islamic corruption parties .. It is certain that no one will shed tears from the Iraqis on the departure of the leaders of the mafias of political Islam .. And if Zarfi can eliminate gangs of Political Islam and armed gangs outside the law. Indeed, Zorfi will receive unparalleled popular support and support, especially if he can stop the theft of Iraqi oil and their wealth by the northern Iraqi government, so he will turn into a historic leader who transcends his late Nuri al-Said, who established the rules of the Iraqi state Hadith .. link
    8 points
  16. This Is Addressed Towards The Iranian Puppets ! We will not shed tears on your departure last updated: March 26, 2020 - 12:18 PM Written by: Iyad Al-Samawi All indications and indications confirm that the Prime Minister-designate Adnan Al-Zarfi is proceeding with the formation of his government, and there is no indication on the horizon until the moment that indicates the opposite of this. Health .. It seems clear that the man is confident of himself and intends to pass his government, whether through the constitution or by force through the American military intervention .. It seems also that the golden age of political Islam and armed gangs out of the law has come to an end for several internal reasons And external strategy related Of the United States in Iraq and the region in general .. US military Valmnorat in the Emirates that I talked about the media was a clear message to the Iraqi parties and political forces to accept the ruling Adnan Zurfi as prime minister .. From America’s point of view, the crowd that Qasim Soleimani and Jamal Al-Muhandis established must end and be removed from the Iraqi map, and there is no crowd other than the four factions supported by the Abbasid, Husayn, and American-accepted thresholds. Corruption, plunder, and theft recorded the dirtiest and worst period of rule in the modern Iraqi state? ... The next American scheme in Iraq requires all armed Islamic factions loyal to Iran to be removed from the map, and the demise of all Islamic corruption parties that have transgressed their corruption and the corruption of their leaders beyond the limits of perception .. and the vast majority of Iraqis believe that America will succeed in this scheme, not because of a major association The ministers in charge of the American administration, but because of the desperation that the Iraqis have reached as a result of the rule of Islamic corruption parties .. It is certain that no one will shed tears from the Iraqis on the departure of the leaders of the mafias of political Islam .. And if Zarfi can eliminate gangs of Political Islam and armed gangs outside the law. Indeed, Zorfi will receive unparalleled popular support and support, especially if he can stop the theft of Iraqi oil and their wealth by the northern Iraqi government, so he will turn into a historic leader who transcends his late Nuri al-Said, who established the rules of the Iraqi state Hadith .. link
    8 points
  17. Follow-up cell: The government may resort to borrowing and printing currency to provide salaries 27/03/2020 The Follow-up Cell in the Prime Minister's Office revealed today, Friday, that the government will be able to distribute the salaries of the current month of March, while 👉 it will resort to some solutions 👈 to ensure the provision of salaries next month. The head of the government follow-up cell, Mustafa Sanad, said in a radio statement followed by Mawazine News, that "Iraq's monthly income from oil is currently estimated at one billion dollars only (after the price of a barrel drops to 18 dollars)." Sanad said, "The salaries of employees amount to 3 and a half billion per month, which may push Iraq to borrow or to print the currency as a last option," as the state of the state will be affected starting from the next month.
    6 points
  18. Thugs is workin’ as hard as our President posting valuable news @2:30am....bless you my brother! 😉 Come On RV Baby!!!
    6 points
  19. to funny SS , that OIL / USD thievery got cranked up in 2004 and has never let up ... im thinking its time to call in all the citizens stolen oil money from the fat cats thats controlled iraq the last 16 years, that should be more than enough to meet iraqs needs during their latest crisis , i swear they thrive on em , they seem to never plan ahead for anything .... all the best dv'ers
    6 points
  20. Wish me luck.....Going out looking for TP in the Morning. Karsten
    6 points
  21. Weegie - After The Latest ‘Intel’ From The Chinese Elders !
    5 points
  22. Everything is fine until,,,,,,,,,,wait for it!!! So much for Social Distancing 😂 😝 😆
    5 points
  23. I am hoping that this is wishful thinking on your part and you are referring to, the yet to be released / circulated new LD (lower denomination) post RV notes...... Semper Fi RV there yet ?
    5 points
  24. Thanks Pitcher, other than your updates it really seems that it is super quiet in dinar land.
    5 points
  25. Here is a Daily chart of the S&P 500. I circled the Price action today and you can see we have an inside day or a rational calm trading day. ( just what the Market needed). We still may go higher or lower with a spike the last hour but I’m closing shop for today. It was an incredible crazy week for traders. I closed all my Swing Trades today and actually Day Traded, short, one of them. The Question many of you may be asking is, where do we go from here? Haha. I can only tell you what I have been saying for some time. We are in a Bear Market with no clarity on the duration of the CV, or it’s damage to our companies earnings past Q2. . I am of the opinion there will NOT be a V recovery in the next month or so. The CV has to run it’s course or Therapies, better Testing and Vaccines need to be developed which is going to take time. We will get through this but this current rally is a bear flag rally imo. I also believe we will retest the low of last week and depending on the news we could even go lower. The 3 day surge up was 20% which was ferocious and very fast. The fastest uptick since the Great Depression. We are in unprecedented times and these rallies imo are great for quick trades for experienced traders. For long term holders it is just noise. Will we get a chance to buy for the Long Term (5-15 yearstime frame)? YES!!!! Be patient and let the process work itself out. I will post more later tonight or layer this weekend. If you are a long term holder and haven’t sold try not to worry. We will recover and it may be as ferocious a rally back up once we get some clarity on the CV and it’s duration. The Fed and US Government are throwing a lot of money at this Crisis to keep things from completely falling apart.
    5 points
  26. G20 leaders: pumping $ 5 trillion into the global economy to tackle Corona King Salman at the presidency of the extraordinary virtual summit of the Group of Twenty March 26, 2020 5:52 PM RIYADH - Mubasher: The leaders of the Group of Twenty agreed, in an exceptional meeting by virtual means, on Thursday, headed by the Custodian of the Two Holy Mosques King Salman bin Abdulaziz, to pump $ 5 trillion into the global economy, as part of financial policies, economic measures and targeted security plans to counter the social, economic and financial impacts of a pandemic Sk. In a closing statement, the leaders emphasized commitment to protecting lives, preserving individual jobs and incomes, restoring confidence, maintaining financial stability, reviving growth and supporting a strong pace of recovery, and reducing disturbances to trade and global supply chains. The leaders said: "We are currently taking strong and immediate measures to support our economies, protect workers and companies, in particular the micro, small and medium enterprises - and the sectors most affected, in addition to protecting vulnerable groups by providing appropriate social protection." The leaders affirmed a commitment to provide assistance to all countries in need of support, to coordinate actions related to public health and financial measures, as well as a commitment to maintain the protection of lives, jobs and income, and a commitment to restore confidence in the global economy and achieve growth . They said that the scale and scope of this response will restore the global economy to its threshold, while laying strong foundations for job protection and recovery. The leaders asked the finance ministers and central bankers to coordinate with them periodically to develop an action plan to respond to the Corona virus (Covid-19), in addition to working closely with international organizations to provide appropriate international financial assistance and urgently. They stressed the support for the exceptional measures taken by the central banks in line with their tasks. As these banks worked to support the flow of credit to families and companies, enhance financial stability, and raise the level of liquidity in global markets. We also welcome the extension of the currency swap arrangements made by our central banks. The leaders supported the regulatory and supervisory measures taken to ensure the financial system continues to support the economy, and we welcome the coordination announced by the Financial Stability Board regarding these measures. They welcomed the steps taken by the International Monetary Fund and the World Bank Group to supportcountries in need of assistance by using all tools to the maximum extent as part of a coordinated global response, and asked them to inform the Group of 20 periodically about the effects of this pandemic, and their response and recommendations to them. The leaders said: "Addressing the health, economic and social impacts of the Corona pandemic is a priority for us ." They emphasized taking the necessary measures to reduce the economic losses from the pandemic, calling on international organizations to clarify the impact of the pandemic on jobs. They affirmed the continuation of providing broad and bold financial support, stressing that the collective measures of the Group of Twenty will work to amplify the impact of this support, and ensure its coherence, and benefit from the synergies between them. “We task our senior officials to coordinate closely to support global efforts to counter the effects of the pandemic, including taking appropriate measures to manage borders in accordance with national regulations, and to provide assistance when needed to return citizens to their countries,” the leaders said. They expressed deep concern about the grave risks facing all countries, especially developing and least developed countries, particularly in Africa and small island states, whose health systems and economies may be less able to adapt to this challenge, as well as about the risks faced by refugees and displaced persons. LINK
    5 points
  27. Wait For It - Appropriately Highlighted In ‘Green’ Below ! Hey, A Wise ‘Blondie’ Once Said - ‘Dreaming Is Free’ ... G20 leaders: pumping $ 5 trillion into the global economy to tackle Corona King Salman at the presidency of the extraordinary virtual summit of the Group of Twenty March 26, 2020 5:52 PM RIYADH - Mubasher: The leaders of the Group of Twenty agreed, in an exceptional meeting by virtual means, on Thursday, headed by the Custodian of the Two Holy Mosques King Salman bin Abdulaziz, to pump $ 5 trillion into the global economy, as part of financial policies, economic measures and targeted security plans to counter the social, economic and financial impacts of a pandemic Sk. In a closing statement, the leaders emphasized commitment to protecting lives, preserving individual jobs and incomes, restoring confidence, maintaining financial stability, reviving growth and supporting a strong pace of recovery, and reducing disturbances to trade and global supply chains. The leaders said: "We are currently taking strong and immediate measures to support our economies, protect workers and companies, in particular the micro, small and medium enterprises - and the sectors most affected, in addition to protecting vulnerable groups by providing appropriate social protection." The leaders affirmed a commitment to provide assistance to all countries in need of support, to coordinate actions related to public health and financial measures, as well as a commitment to maintain the protection of lives, jobs and income, and a commitment to restore confidence in the global economy and achieve growth . They said that the scale and scope of this response will restore the global economy to its threshold, while laying strong foundations for job protection and recovery. The leaders asked the finance ministers and central bankers to coordinate with them periodically to develop an action plan to respond to the Corona virus (Covid-19), in addition to working closely with international organizations to provide appropriate international financial assistance and urgently. They stressed the support for the exceptional measures taken by the central banks in line with their tasks. As these banks worked to support the flow of credit to families and companies, enhance financial stability, and raise the level of liquidity in global markets. We also welcome the extension of the currency swap arrangements made by our central banks. The leaders supported the regulatory and supervisory measures taken to ensure the financial system continues to support the economy, and we welcome the coordination announced by the Financial Stability Board regarding these measures. They welcomed the steps taken by the International Monetary Fund and the World Bank Group to support countries in need of assistance by using all tools to the maximum extent as part of a coordinated global response, and asked them to inform the Group of 20 periodically about the effects of this pandemic, and their response and recommendations to them. The leaders said: "Addressing the health, economic and social impacts of the Corona pandemic is a priority for us ." They emphasized taking the necessary measures to reduce the economic losses from the pandemic, calling on international organizations to clarify the impact of the pandemic on jobs. They affirmed the continuation of providing broad and bold financial support, stressing that the collective measures of the Group of Twenty will work to amplify the impact of this support, and ensure its coherence, and benefit from the synergies between them. “We task our senior officials to coordinate closely to support global efforts to counter the effects of the pandemic, including taking appropriate measures to manage borders in accordance with national regulations, and to provide assistance when needed to return citizens to their countries,” the leaders said. They expressed deep concern about the grave risks facing all countries, especially developing and least developed countries, particularly in Africa and small island states, whose health systems and economies may be less able to adapt to this challenge, as well as about the risks faced by refugees and displaced persons. LINK
    5 points
  28. Mine too...maybe a little longer...still in the safe. That's why you get gold and silver. Lets not forget the brass and full metal jacketed copper either.
    5 points
  29. Once Again, NO Daily Auction today. Thursday - 3/26/2020 The ISX has not reopened for business - no reported currency change. That's 10 consecutive days (2 days closed), 8 no Auction days.
    4 points
  30. Head of the government follow-up cell: Iraq may resort to printing currency to secure employee salaries .. The crisis will begin early next month Localities 27/2020 17:59 4836 Editor: gf Baghdad today - follow up The Follow-up Cell revealed in the Prime Minister's Office on Friday that the government will be able to distribute the salaries of the current month of March, while it will resort to some solutions to ensure the provision of salaries next month, while it indicated that Iraq’s monthly income from oil is currently estimated at one billion dollars only (after the price of a barrel drops to 18 dollars), she explained that the salaries of employees amount to 3 billion and a half per month, which could prompt Iraq to print the currency as a last option, "as the state of the state will be affected starting next month." The cell leader Mustafa Jabbar Sanad said in a press interview that "the crisis of the Corona virus caused the disruption of the economy in general and the oil sector in particular, as the global demand for oil decreased by 10 million barrels per day, while it will decrease during the next month by 9 million barrels." "The drop in the world oil price by one dollar means the loss of Iraq's annual budget of one billion dollars." And that "the price of a barrel of Iraqi oil fell from 58 dollars in the month of February to 18 - 19 dollars in the current month. This has led to a loss of the budget about 40 billion dollars after it was previously estimated at 90 billion dollars." He continued, "The country imports at this price ($ 18), which amounts to two billion dollars per month, of which one billion dollars goes to licensing tour companies (at a rate of 12 billion during the year), so the state treasury remains only one billion dollars, while the salaries of employees amount to 3 and a half billion dollars." Sanad added, "Iraq receives its sold oil money after 40 days of selling, which means that the salaries of this month are insured from the amounts of oil sold last month before its prices drop in the markets, while the state will resort to other solutions to secure the salaries of the coming months, including selling bonds on banks or borrowing." From foreign or domestic banks. " He pointed out that "other sectors, such as customs, taxes, etc., which were entering about 6 billion dollars during the year, were also stopped due to the spread of the Corona virus." The head of the cell lamented that "there is an offer currently from the World Bank worth $ 3 billion, in which the latter stipulates that it should not be spent on the operational budget (salaries), explaining that among the solutions that the country’s government may be heading is to print the currency," noting that "that is not possible Without a cover of gold and hard currency, however, this option is on the table as a last resort, as things can go for a month or two. " Sanad cited his talk about currency printing that "the United States decided today, through a decision by the Congress, to print the currency with a value of two trillion dollars, which is the first country in the world, but it did not adhere to the issue of currency printing, so how about other countries that depend on the US dollar (referring to Iraq)." And he added, "The stability of the American economy reflects positively on the stability of the global economy and vice versa, whereas the US economy has experienced major collapses in the last 20 days as the most famous indicator in the world (Dow Jones) has fallen to levels that throughout history have only reached in the Great Depression that It happened in 1929, which then affected all countries of the world. " He continued, "The American economy has returned to recovery following the request of the US President and the agreement of Republicans and Democrats in Congress to print 2 trillion dollars from the US federal fed as bonds of interest to the American government, after they found that their country's already indebted economy was 20 trillion dollars, 6 trillion dollars of which to China has become The test. " He added that "the Congressional decision led to historic jumps in market indicators, which led to the revival of the European and Japanese market, as the oil market revived by 3 dollars, which returned to the end of the week as a natural state of oil." LINK
    4 points
  31. might be wrong to ask but where's all the trillions of dinar they claim is in the system , they must be referencing iqd they can't print usd unless they have Iran counterfeit up a boat load for them , iraq keeps begging for money like they are broke but it cost a lot to print currency and to print / put more in circulation just devalues the money even more , seems something is not quiet right about all this like anything ever is with them though ...cheers be well ....we wait
    4 points
  32. Could someone help me? THEE Bicraqi Iraqi Bi’ness Weak IS Sunday THROUGH Thursday. Does THEE Bicraqi Iraqi ISX align WITH The United States Of America Crock, er, Stock Market Operational Times???!!! TODAY IS FRIDAY, WHAT, pray tell, ARE THEE Bicraqi Iraqi DOING WORKING ON THEIR DAY OFF???!!! Making UP FOR “lost” “time” DUE TO “perpetual” “vacationing”???!!! ”Dress” “rehearsal” FOR THEE “opening” “act” ON Sunday, March 29???!!! Go Moola Nova!
    4 points
  33. The Demons that control these people know their time is short. They will continue to expose themselves and act out up to the point of violence.
    4 points
  34. DWS112 Thanks, Excellent articles so let's hope they can RV & RI the IQD real soon.
    4 points
  35. Thanks Ron you're On! Hopefully the Perfect Storm for waves of cash to hit our empty beaches.
    4 points
  36. Vietnamese currency more stable than other regional peers Update: March, 26/2020 - 14:23 | The đồng is expected to stabilise around the current level. Photo cafef HÀ NỘI — Though the unofficial value of the Vietnamese đồng has now fallen about 3 per cent against the US dollar, the rate is still a smaller depreciation than that seen by most of Việt Nam’s regional peers and is expected to stabilise around that level, management fund Vinacapital reported. The Indonesian rupiah, Thai baht and Malaysian ringgit slid 19, 11 and 9 per cent, respectively. Though the Philippine peso inched down 1 per cent, its relative stability is attributable to the after-effects of a 34 per cent depreciation in the Philippine peso over the five years up to late-2018. According to Vinacapital analysts, foreign investors aggressively sold Vietnamese stocks last week, prompting concerns among some locals that the State Bank of Việt Nam (SBV) may restrict the flow of US dollars out of the country, which was one of the factors that prompted last week’s đồng depreciation. However, the SBV is not contemplating any restrictions on foreign investors from repatriating dollars, and that the SBV has more than enough reserves to comfortably meet redemption. “Việt Nam’s US$83 billion of foreign currency reserves are much larger than the country’s cumulative $30 billion of foreign indirect investment (FII) in-flows, and a high proportion of those FII are inflows were into illiquid private equity and/or large strategic stakes in publicly listed companies – both of which cannot be sold quickly. In short, the SBV has more than enough reserves to meet any short-term panic redemptions by foreign investors,” the analysts explained. It noted that foreign investors sold around $260 million worth of stocks last week, but unlike past global “risk-off” episodes when investors sold Vietnamese stocks but kept the funds in the country such as at the end of 2018, this time some investors are repatriating dollars back to their home countries in response to the current global shortage. Furthermore, since Việt Nam has not been a major recipient of the “hot money” inflows that destabilised ASEAN tiger economies in the past (for example, the proportion of Vietnamese Government bonds owned by foreign investors is very low, unlike in Indonesia), the SBV is well-positioned to meet any potential short-term panic redemptions by foreign investors. Vinacapital believed the USD-VNĐ exchange rate should stabilise around the current level as the US Federal Reserve took concrete actions to stop the surge in the USD/DXY index last week while the SBV does not need to impose capital controls and the đồng is supported by high bank deposit interest rates and 33 per cent per GDP of forex reserves. Việt Nam’s total reserves now reach up to about $83 billion, or four months’ worth of imports, but this figure understates the degree of support that Việt Nam’s FX reserves afford the currency because Việt Nam’s imports and exports are both around 100 per cent of GDP, which depresses the above-mentioned four months’ figure. “For that reason, we’d like to highlight that Việt Nam’s current 32 per cent per GDP worth of FX reserves has nearly reached the 33 per cent per GDP level of FX reserves that China had accumulated just before the Yuan embarked on a 7-year appreciation that ultimately lifted its value by about 25 per cent,” Vinacapital noted The country’s trade surplus reached nearly $3 billion as of mid-March, including a surplus of nearly $900 million in the first two weeks of this month, driven by 7 per cent year-on-year export growth. Besides, Việt Nam’s deposit rates are attractive compared to regional peers and are becoming relatively even more attractive as regional peers’ central banks slash policy interest rates, the analysts said. — VNS
    4 points
  37. Sorry got the duplicate. Rookie mistake. 😆 😝
    4 points
  38. LINK America extends the exemption of Iraq from Iran's sanctions .. for the last time 26/03/2020 The United States extended for 30 days the exclusion period granted to Iraq from the sanctions related to dealing with Iran, which Baghdad relies on to import energy. And Washington has been continuing since November, extending the exception granted to Baghdad, to find an alternative to Iran, which supplies Iraq with chronic shortages, especially with the high temperatures that have now begun. The United States decided in February to allow Iraq to continue importing gas and electricity from Iran. But the period of exemption has shrunk from 90 and 120 days, to 45 days, and now to just 30 until the end of April, according to Iraqi officials. One of them said in the office of the President of the Republic, according to Agence France Presse, that "this extension will be the last" granted to Iraq, which stands on the brink of an economic crisis with low oil prices, which could lead to the loss of 65% of its oil revenues, which constitute 90% of the state budget." To that, the United States granted Iraq exceptions provided that Baghdad takes measures to reduce its dependence on Iran, by re-operating the electricity supply systems or by finding other suppliers. "Baghdad did not fulfill any condition," a senior Iraqi official told France Press that since November, "Baghdad had not fulfilled any condition." Entrust Adnan Al-Zarfi to form a new government, which Washington does not want to embarrass by not extending. In the event that the exception was not extended, Iraq would have had to stop importing gas and electricity from Tehran, or continue to deal with Tehran and face possible US sanctions. It is noteworthy that the United States is also dissatisfied with the Iraqi slowdown in signing contracts with major American companies specialized in the energy sector, with the aim of accelerating the disengagement from Iran in this field.
    4 points
  39. I know my Dinar is clean.....been in storage for 10 years!
    4 points
  40. The best news is toilet paper value is going up. That's a huge plus for the dinar
    4 points
  41. As I was listening to Chairman Powell this morning and then reading the Stimulus Bill I just can’t help but wonder two things 1. Where is this 2 Trillion coming from and how will it be paid back. What does that make our National Debt now, 25-27T. Those are staggering numbers. What do they know, and what is coming down the pike for our Country’s future. 2. Foregive me for some wild speculation and I’m probably 100% wrong, but, if our Government owns a lot of Dinar maybe it is time to push the damn RV button. That’s if we have any say in that at all. Our Government could surely use the taxes and an RV would generate a boom for the economy as Dinar holders would certainly go buy new homes, cars, furniture, vacations etc. Whatever the plan is, a global reset, digital currency, the cabal being thrown in jail, or all of those and more, it sure seems like the process has started.
    4 points


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