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Taxation without purchasing power..... 🤔 Decreasing salaries by 30 - 35%..... 🤔 Go RV this month Go $1:1

I’m voting for this one to come true soon.

I had a dream last night. Went to the bank. Met the banker lady. I told her "I need some financial advice. I took a risky investment, that looks like it will pay off.".....first time I had an actual dream about the RV.

Good Evening Dinar Vets, here's a few opinions & comments that might be of interest to you. Remember, no one really knows what will happen, or when. They're simply stating their opinions based on what they perceive to be happening in Iraq. RON *** Pimpy ...there's more exchange rate talk. But it's just conversation for now...they didn't say this is being implemented. Again this is a discussion... *** Frank26 The HCL - It's a law of the National Oil Company. It has 4 major laws in it...the last line item law that they have been working on to complete at least for 17 years...It's the biggest law in contention - basically asking, Who controls the oil and gas in Iraq? Who distributes the profits that belong to the citizens?...who's in charge of doing this? Now what happened [Tuesday]...this is to remove any distinction between Kurdistan and Baghdad. The question of who is going to control the oil and gas revenues coming into Iraq is now established...it's going to give birth to the Hydrocarbon Law...that is huge. That is tremendously important in order for them to give a date and the rate. *** MilitiaMan ...When they say "reducing the value of the Dinar", they mean the reduction of the three zeros from the exchange rate. They are not going to be devaluing the currency. By "reducing the zeros from the exchange rate" (raise the value) allows them to go into the or a market economy where the real competition is. It will activate the industrial and agricultural sectors when doing so. imo...This supports they are at that final stage to set that gem in place. ...It is the FINAL REPORT and they are now to have or have presented the necessary legislation to proceed with implementation procedures. This is very good indeed! I suspect they have every intention now with all the work done and sorted accordingly, we are in a very good place to see the golden ring. ~ imo. *** Mark ...Iraq contacts are still very confident we will see some kind of vote over the weekend that allow us to move forward with a new value…I hope they are right... No one knows the exact timing so just hang on and moderate your expectations. *** Frank26 ...I bought my dinars in 2004 so that's 16 almost going on 17 years now and I remember way way way back then somebody said to me 'Frank the day that you see the HCL for the citizens of Iraq in the next breath you will see the new exchange rate'...17 years has gone by and [Tuesday] my teams finally saw the HCL...What did I say IMO was inside of the 'white papers'? The rate - How much they're going to value it when they lift the 3 zeros form their exchange rate and the date of when they're going to announce this to the citizens of Iraq. What else did I say the white papers contained? The HCL. Wow...no wonder those white papers make sense... *** Kaperoni I can factually say that in 2013 Iraq was about to float the Iraqi dinar. There was directives from the IMF, Shabibi announced he was about to begin reforms after 14 months of stability and I was present at a market maker's facility where a trading platform was constructed. All in support of floating the dinar as stated in the IMF Article IV Consultation. This is the process and this is how monetary policy works. After many years and corruption and lack of success, Iraq needs to implement economic reforms and get back to this process. *** MilitiaMan Article: "Central Bank Governor: We Have Started Implementing The Banking Sector Reform Plan" Article Quote: "He cautioned that "reducing the value of the dinar will create real competition and activate the industrial and agricultural sectors in Iraq." The Prime Minister spoke about competition. The Finance Minister spoke about competition. Now the CBI Governor is speaking about competition. Competition is a key component of a market economy. Looks like the Central Bank of Iraq has had the ear to the IMF. The reform paper terms are initiated now.. The terms or basis has to be applied when international. That is all about what is expected next as in what is to follow.. Yep, that is implementation of the basis.. Read rate or value.. Either works for me. That appears to be all there is for today - Have a great weekend - Blessings ... RON

Pitcher, I'm all in for digital currency. But, it took Iraq this long to climb out of the 19th century. And their people still don't trust banks, so bridging that huge gap will take more time than it normally would in a progressive country like Britain or the USA. I don't believe the USA, IMF or WB will allow Iraq and the dinar to collapse, given all that we (they) have put into the country. There is a way that the CBI can remain independent and actually GROW the reserves to historic numbers. @Adam Montanagave such an example several months ago in his Wednesday chat log, so maybe he can repost that here. It made perfect sense. But then again, we are talking Iraq here. Kazemi is doing amazing things. Let's hope he continues to do so without hinderance from parliament.

LINK Baghdad transferred 2.4 trillion dinars to the Kurdistan region 17th October, 2020 The central government in Baghdad transferred 2.4 trillion dinars to the Kurdistan region for payment in employee salaries and social care The Kurdistan Regional Government did not pay any amount to the capital, Baghdad, during the current year and last year, as the budget for the year 2019, which is still in effect until now, stipulates that the region will pay daily to Baghdad 250 thousand barrels of oil produced in Kurdistan in addition to 50% of the revenues from the outlets. Borderline According to the monthly report, issued by the Ministry of Finance, for last August, the Baghdad government has sent an amount of 2,081 trillion dinars from the beginning of the year until last August, as salaries for the region’s employees and social care A few days ago, Baghdad sent an amount of 350 billion dinars, so the total number sent since the beginning of the year until now is 2.4 trillion dinars The relationship between Baghdad and Erbil has been witnessing a great tension that extends since 2012 when Erbil made an agreement with international oil companies during the years 2005-2010 and oil production in 2012 outside Baghdad's control and exported it to countries around the world Some information indicates that 85% of Kurdish oil is exported to Israel, and the rest goes to Turkey and several other countries. The Kurdish oil export process takes place through the Turkish port of Ceyhan

How did you guys come to the conclusion that Iraq is moving to a digital currency and the Dinar is on the brink of collapse if they don't get their **** together ASAP!! This article isn't offering any solutions, it is stating what could happen if the GOI don't implement the White Paper Reform and stop being made a puppet by Iran. Evidently corruption, the lack of economic reform, and the currency auctions have put them in this situation and they can't borrower from the CBI because that would be detrimental to the Iraq economy and the Dinar. Hell, it is already worthless! If the Iraq Economy and the Iraq Dinar collapse, the Country will be in chaos, everything will go to hell and Iran would win. The last 17 years of this investment will be futile and a total loss. THIS IS SERIOUS GUYS!! If the Dinar continues to depreciate, the demand for the Dollar will be higher in Iraq and there will be no Rv. I hope this is all part of the plan and the White Paper will prevent this from happening. I am not giving up as a matter of fact I am going to try to buy another 2 million dinar (Greedy is my Name) because it is DO or Die TIME GUYS!!!

Thanks to everyone who responded in this post. I've read many positive and negative opinions about the Dinar over the yesrs, along with many factual articles There have been many fear-based articles posted about the IQD, such as one from around 2013 which was ppurportedly written by someone from Forbes claiming the IQD was a scam - which it is not. There have also been many negative opinions written about the IQD posing under the quise of fact, for the simple goal of misdireting or misinforming others. I don't question the current war on caah or the attempts by many to change to a cashless society. which in my opinion will not happen. As James Bond stated in the movie, 'From.Russia With Love', "Where there's smoke, there's fire." Such again appears to be the case o be the case with the IQD. I enjoyed all the responses in this thread - especially the one by iididitfirst-which in my opinion provides an excellent example of critical thinking, which helps immensly when analyzing situations like these.

This is the subject article: Iraq’s Central Bank is at risk of losing its independence yesterday at 12:57 Farhad Alaaldin ANALYSI A bank employee hands Iraqi dinars to a customer. The government is attempting to co-opt the Central Bank of Iraq to its political agenda, warns Farhad Alaaldin, chairman of the Iraqi Advisory Council. File photo: Bilind T. Abdullah/Rudaw Finance Minister Ali Allawi said in a press conference following the adoption of the White Paper for Economic Reform by the Council of Ministers on October 13, "we have a solid and strong relationship with the Central Bank for the purpose of unifying monetary and financial policies, and this will provide us with the possibility to cover all the requirements and entitlements of the salaries of employees and retirees." This statement went unnoticed by all journalists, pundits and analysts. Nobody noticed the attempt of the Iraqi government to undermine the independence of the Central Bank of Iraq (CBI) to implement the financial policies approved by the government. The objectives of the government are clear. The Central Bank has become "very cooperative" with the government's financial policy. The Bank’s law contradicts such cooperation in order to safeguard and preserve the strength of the Iraqi economy on the one hand, and not to bear any government failure in managing the financial policy on the other hand. This is a context known to successive governments, and because the central bank adopts monetary policies that are independent of the government's financial policies. We all remember the dispute that arose between the government of Nuri al-Maliki and the governor of the Central Bank, Sinan al-Shabibi, in 2012, with the former ending up accusing the latter of corruption and issuing judicial orders for his arrest while he was in the Japanese capital Tokyo on an official visit. Subsequently he was put on trial in absentia and sentenced to seven years in prison in 2014 and removed from his post. The Role of CBI The CBI is an institution financially and administratively independent from the government according to Article 103 of the Iraqi constitution. It is responsible for setting monetary policy, issuing and managing the national currency and foreign reserves, and setting up regulations, procedures and controls for the work of local banks in the country and monitoring and auditing their work. It is the official body that represents Iraq in the international financial and monetary institutions such as the International Monetary Fund, the World Bank, and others. Among its tasks is also determining the supply and demand for money by setting interest rates. CBI is also responsible for receiving deposits from oil sales and keeping the state’s cash reserves, and it maintains the value of the national currency. This means that the independence of the CBI from government financial policies is very important to preserve the public funds deposited within the bank. What the Minister of Finance announced in his aforementioned statement is a dangerous precedent for inserting the CBI into the core of the government's financial policy, and making it a tool to implement this policy. This was clearly demonstrated by what was included in the White Paper of financing the budget deficit and considering CBI reserves as the only source to fill the deficit, and here lies the real danger. The White Paper on page 37 referred to the danger of using the CBI as a source of financing, they believe it "will lead to severe pressure on the CBI’s reserves and the resulting unsustainable future consequences." This view was further confirmed by the group of experts writing the White Paper on page 42, stating that "indirect monetary financing by the CBI is the only remaining source... The need for this reserve to finance imports of goods and services means its will drop dangerously to low levels within nine months, which will ultimately lead to a real crisis in value of the Iraqi dinar, accompanied by the possibility of a collapse in its value." It is worth mentioning that the CBI reserves are under threat from three different sources: First: Using the CBI reserves to finance the government's fiscal deficit. This is done in two ways, the first is to "buy goods and services" using hard currency, and the second way is by “indirect borrowing” using the central bank to devalue the dinar against the dollar in order to "pay the monthly benefits from salaries." Second: The continuation of the notorious currency auction, which is a reservoir of corruption and a source of wealth for influential people in the world of politics, money and business. The sale of hard currency in the auction exceeds state revenues in most cases, and this means withdrawal from the Bank reserves and further reducing its levels. Third: The increasing pressure from the state’s creditors, especially Iran, to finance its economy with hard currency after the US administration listed 18 Iranian banks under sanctions on October 8. Therefore, the CBI and Iraqi banks became the only outlet for Iran for hard currency. The visit of the Governor of the Central Bank of Iran to Iraq on October 12 was for this purpose. The Central Bank governors kept quiet regarding the government statement to clarify its position. We also did not hear from the new governor. What is his vision for managing the bank’s affairs? What is his monetary policy? How can he preserve the cash reserve? Amid the worsening current economic crisis, it is imperative for the new governor to clarify to the Iraqi people the Central Bank’s policies and its position on the crisis facing the country. The easiest of solutions is not a solution According to informed sources, the team of experts is still busy working on the White Paper and adding details and appendices to the road map. The team pointed out the danger of borrowing from the CBI, or using devaluation as a means to match the public budget deficit. They warned that this "will later lead to an increase in the cost of living, and thus reduce the ability of the majority of individuals to meet their requirements, as the country depends entirely on imports to meet consumption." It is clear that the majority of the people will suffer and pay the price as a result of this shift in the adopted fiscal policy. A financial expert, who did not want to reveal his identity, confirms that "the shortest and easiest solution is to resort to the CBI reserves and move towards printing the dinar, but taking this path is not a solution, rather it is suicide." The real fear is that the government and political leadership will resort to this solution instead of starting real radical reforms, which require executive decisions issued by the government and other legislatively supported decisions by Parliament. The national duty here makes it imperative for all political forces and all their leaders not to stand idly by. They must actively participate in adopting practical, even if difficult, solutions that the government team will present through the White Paper and its annexes, in addition to what is presented by other experts outside this team from Parliament, economic research centers and monetary policy experts. Keeping the doors of corruption wide open in most state institutions, reluctance to curb the corruption of the ruling parties themselves, and not abolishing their economic offices to limit their control over ministries, institutions and vital sectors, will ensure the continued exacerbation of crises and runs risks to the current financial situation, leading the way to a real collapse in a time frame of a few months. The financial and economic collapse will be followed by the collapse of the state of Iraq, and then chaos will prevail. At that juncture no one will be able to restore and control the situation again, except by a miracle that will be difficult to come by. Iraq is multi-cultural, multi-factional society with different loyalties, each supported by armed groups. Chaos will mean loss of control and stability, which is difficult to sustain in normal circumstances, let alone in the circumstances of bankruptcy, political strife, scarcity of resources and the loss of people's livelihood. Iraq is staring at its last opportunity, and the political parties must take it without fail, be brave and make courageous and responsible decisions to remedy the situation, otherwise they will be witnessing the worst possible catastrophic scenarios we have ever seen. Farhad Alaaldin is the Chairman of the Iraqi Advisory Council. He was the political adviser to former Iraqi President Fuad Masum, the former chief of staff to the KRG prime minister from 2009 to 2011, and former senior adviser to the KRG prime minister from 2011 to 2012.

ME TOO !!!!!!!!!!!!!!!!!!

They’re really playing the Doom & Gloom scenarios to the Hilt aren’t they ?? These Kids are up To something....I smell in the air.

America is NOT what you or THEY hate. America is a piece of land, Geography if you will. What you and your Communist Friends hate is the Constitution. What you and your Communist Friends hate is the moral foundation that the Constitution brings to the world. What you and your Communist Friends hate is the great wealth that hard working people can acquire under the Constitution. You and your Communist Friends hate that because your lazy and want the Government to supply all your needs equally so that you can use that as a cover to hide the fact that you are lazy. If this was not a true statement then you would love The Constitution and spend your life doing all that you could under the Constitution to better yourself and your posterity. But as you And your Communist Friends so hate the Constitution you also think it's okay to murder your posterity in the name of convenience. And thus you hate us for having the moral foundation for pointing out your love of all that is evil. Y0U AND YOUR COMMUNIST FRIENDS HATE US BECAUSE WE LOVE GOD AND OUR FELLOW MAN. AND BECAUSE WE WANT ALL MEN TO FOLLOW A MORAL FOUNDATION IN JESUS CHRIST. THAT IS WHAT YOU HATE.

LINK Advisor: The Government Plans To Reach The Price Of The Dollar To 1500 Against The Iraqi Dinar 17th October, 2020 An adviser to the prime minister, Mustafa Al-Kazemi, revealed that the government plans to bring the dollar exchange rate to 1,500 Iraqi dinars. The consultant said in a statement to (Al-Mustaqilla) that reaching the ceiling of 1500 to exchange the dollar against the Iraqi dinar is a first step in order to provide cash liquidity to the government. He indicated that this comes within the framework of the government’s attempt to compensate for the lack of oil imports and to provide cash in the local currency. The economic expert, Ihssan Al-Kinani, had made it clear that the dollar exchange rates began to rise since the announcement of the financial crisis, although it is an imperceptible rise, pointing out that Iraq has recorded a rise in exchange rates during the current period, which is what the government should rectify because this is not in the interest of The people. Al-Kinani said in a press statement, "The announcement of the decline in the Iraqi monetary reserve from the foreign currency, is nothing but a clear message to legitimize the raising of the dollar exchange rate against the Iraqi dinar in order to compensate for oil losses due to lower prices, as well as to overcome the contrived financial crisis." The Governor of the Central Bank of Iraq, Mustafa Makhaif, had previously expected a decline in Iraqi foreign reserves during the coming period. For her part, the economic expert, Salam Sumaisem, in a statement on (October 10, 2020), expected an increase in the exchange rate of the US dollar against the Iraqi dinar as a result of increased demand for it, while noting that the rise in the price of the dollar would lead to an increase in food prices. Member of the Parliamentary Finance Committee, Naji Al-Saeedi , indicated in a previous statement that “the shift from the fixed exchange rate to the creeping exchange rate, especially in periods of financial instability, will have a very negative impact on the expectations side as if the price is raised to a point or two, it may It affects four or five points in the market, and this has negative effects on low-income and simple citizens. The exchange rates of the dollar against the Iraqi dinar have led to a remarkable rise in the main stock market and the local markets. Last Thursday, the Kifah Stock Exchange recorded 124,400 dinars for every 100 US dollars, while the dollar exchange rates last Wednesday recorded 124.100 dinars per 100 dollars. Last Thursday, money transfer companies in Iraq sold every 100 dollars for 1,250.00 Iraqi dinars, while they buy it for 124,000 dinars. This comes at a time when the Central Bank of Iraq announced the expansion of the sale of dollars in the currency auction and the inclusion of exchange offices, under the principle of preserving the exchange rate, while the facts indicate that the continuation of the currency auction selling at the official price (1190) dinars per dollar until last Thursday, pours In the interest of private banks and speculators on the black market, who sell dollars at prices higher than the usual exchange rates.

B iggest I diot D emoncrats E ver N ominated

Sarri: The white paper will not be put to a vote in Parliament Time: 10/17/2020 22:38:52 Read: 780 times {Baghdad: Al Furat News} A member of the Parliamentary Finance Committee, Faleh Al-Sari, revealed that the white paper that reached the House of Representatives last week will not be put to a vote in the House of Representatives. Al-Sari said in a statement, the Euphrates News received a copy of it, that "the white paper does not require a vote by the House of Representatives at all, and this is what was agreed upon to be discussed with the Finance Committee as it is the representative of Parliament." The head of the Wisdom Parliamentary Bloc said, "The Finance Committee will present proposals for their maturation and it is the responsibility of the Council of Ministers after that implementation." Wafa Al-Fatlawi

Iraq has a population of 32,000,000 . 20% are youth ,median age is 21. The young ones in Iraq have never known peace ,first Saddam , and then us . What they do know is the internet . They see what we have and they want it .

Say Whaaaaaaat??

The collapse of the Dinar is a very real possibility. More important is what happens next. Do they go to a digital currency. I believe they will and if they do what happens to our investment?

LINK Iraq’s Central Bank is at risk of losing its independence 17th October, 2020 by Farhad Alaaldin Finance Minister Ali Allawi said in a press conference following the adoption of the White Paper for Economic Reform by the Council of Ministers on October 13, "we have a solid and strong relationship with the Central Bank for the purpose of unifying monetary and financial policies, and this will provide us with the possibility to cover all the requirements and entitlements of the salaries of employees and retirees." This statement went unnoticed by all journalists, pundits and analysts. Nobody noticed the attempt of the Iraqi government to undermine the independence of the Central Bank of Iraq (CBI) to implement the financial policies approved by the government. The objectives of the government are clear. The Central Bank has become "very cooperative" with the government's financial policy. The Bank’s law contradicts such cooperation in order to safeguard and preserve the strength of the Iraqi economy on the one hand, and not to bear any government failure in managing the financial policy on the other hand. This is a context known to successive governments, and because the central bank adopts monetary policies that are independent of the government's financial policies. We all remember the dispute that arose between the government of Nuri al-Maliki and the governor of the Central Bank, Sinan al-Shabibi, in 2012, with the former ending up accusing the latter of corruption and issuing judicial orders for his arrest while he was in the Japanese capital Tokyo on an official visit. Subsequently he was put on trial in absentia and sentenced to seven years in prison in 2014 and removed from his post. The Role of CBI The CBI is an institution financially and administratively independent from the government according to Article 103 of the Iraqi constitution. It is responsible for setting monetary policy, issuing and managing the national currency and foreign reserves, and setting up regulations, procedures and controls for the work of local banks in the country and monitoring and auditing their work. It is the official body that represents Iraq in the international financial and monetary institutions such as the International Monetary Fund, the World Bank, and others. Among its tasks is also determining the supply and demand for money by setting interest rates. CBI is also responsible for receiving deposits from oil sales and keeping the state’s cash reserves, and it maintains the value of the national currency. This means that the independence of the CBI from government financial policies is very important to preserve the public funds deposited within the bank. What the Minister of Finance announced in his aforementioned statement is a dangerous precedent for inserting the CBI into the core of the government's financial policy, and making it a tool to implement this policy. This was clearly demonstrated by what was included in the White Paper of financing the budget deficit and considering CBI reserves as the only source to fill the deficit, and here lies the real danger. The White Paper on page 37 referred to the danger of using the CBI as a source of financing, they believe it "will lead to severe pressure on the CBI’s reserves and the resulting unsustainable future consequences." This view was further confirmed by the group of experts writing the White Paper on page 42, stating that "indirect monetary financing by the CBI is the only remaining source... The need for this reserve to finance imports of goods and services means its will drop dangerously to low levels within nine months, which will ultimately lead to a real crisis in value of the Iraqi dinar, accompanied by the possibility of a collapse in its value." It is worth mentioning that the CBI reserves are under threat from three different sources: First: Using the CBI reserves to finance the government's fiscal deficit. This is done in two ways, the first is to "buy goods and services" using hard currency, and the second way is by “indirect borrowing” using the central bank to devalue the dinar against the dollar in order to "pay the monthly benefits from salaries." Second: The continuation of the notorious currency auction, which is a reservoir of corruption and a source of wealth for influential people in the world of politics, money and business. The sale of hard currency in the auction exceeds state revenues in most cases, and this means withdrawal from the Bank reserves and further reducing its levels. Third: The increasing pressure from the state’s creditors, especially Iran, to finance its economy with hard currency after the US administration listed 18 Iranian banks under sanctions on October 8. Therefore, the CBI and Iraqi banks became the only outlet for Iran for hard currency. The visit of the Governor of the Central Bank of Iran to Iraq on October 12 was for this purpose. The Central Bank governors kept quiet regarding the government statement to clarify its position. We also did not hear from the new governor. What is his vision for managing the bank’s affairs? What is his monetary policy? How can he preserve the cash reserve? Amid the worsening current economic crisis, it is imperative for the new governor to clarify to the Iraqi people the Central Bank’s policies and its position on the crisis facing the country. The easiest of solutions is not a solution According to informed sources, the team of experts is still busy working on the White Paper and adding details and appendices to the road map. The team pointed out the danger of borrowing from the CBI, or using devaluation as a means to match the public budget deficit. They warned that this "will later lead to an increase in the cost of living, and thus reduce the ability of the majority of individuals to meet their requirements, as the country depends entirely on imports to meet consumption." It is clear that the majority of the people will suffer and pay the price as a result of this shift in the adopted fiscal policy. A financial expert, who did not want to reveal his identity, confirms that "the shortest and easiest solution is to resort to the CBI reserves and move towards printing the dinar, but taking this path is not a solution, rather it is suicide." The real fear is that the government and political leadership will resort to this solution instead of starting real radical reforms, which require executive decisions issued by the government and other legislatively supported decisions by Parliament. The national duty here makes it imperative for all political forces and all their leaders not to stand idly by. They must actively participate in adopting practical, even if difficult, solutions that the government team will present through the White Paper and its annexes, in addition to what is presented by other experts outside this team from Parliament, economic research centers and monetary policy experts. Keeping the doors of corruption wide open in most state institutions, reluctance to curb the corruption of the ruling parties themselves, and not abolishing their economic offices to limit their control over ministries, institutions and vital sectors, will ensure the continued exacerbation of crises and runs risks to the current financial situation, leading the way to a real collapse in a time frame of a few months. The financial and economic collapse will be followed by the collapse of the state of Iraq, and then chaos will prevail. At that juncture no one will be able to restore and control the situation again, except by a miracle that will be difficult to come by. Iraq is multi-cultural, multi-factional society with different loyalties, each supported by armed groups. Chaos will mean loss of control and stability, which is difficult to sustain in normal circumstances, let alone in the circumstances of bankruptcy, political strife, scarcity of resources and the loss of people's livelihood. Iraq is staring at its last opportunity, and the political parties must take it without fail, be brave and make courageous and responsible decisions to remedy the situation, otherwise they will be witnessing the worst possible catastrophic scenarios we have ever seen.

Keep posting those stories from yahoo, huffpost, guardian, etc. They all seem to be so reliable. Even you cannot be so blind Johnny as to not see the differences in the town hall meeting the other night. Hell a 3 year old could have hit the softballs thrown at Biden. And NOT ONE QUESTION about the supposed Hunter scandal, NOT ONE. Surely you know if that had been a Republican, the LSM would be all over it NON STOP, like stick on Shiite.

I remember my Kurdish friend telling me years ago that paying taxes in Iraq was voluntary, so nobody really does it.. seemed odd to me.. I mentioned taxes taken out when it RVs, either capital gains or income tax and he looked at me funny and said, I’ll just change over my dinars for USD in Iraq and wire them to the US.. (meaning no taxes for him)..

Certainly not giving the citizens more purchasing power .... the rate has to be changed !!

Warning .. a "conspiracy" to raise the exchange rate of the dollar to 150 thousand dinars 2020-10-17 06:58 Shafaq News / Two representative sources warned on Saturday of a "conspiracy" to raise the exchange rate of the dollar against the Iraqi dinar, which could cause the destruction of the economy and low-income segments. A member of the Parliamentary Economy and Investment Committee, Mahmoud Al-Zajrawi, told Shafaq News, "There are attempts to raise the exchange rate of the dollar in the Iraqi market, so that every 100 dollars has 150 thousand Iraqi dinars," noting that "manipulating exchange rates will mainly affect the simple citizen." He added that "any attempt or manipulation by the government in the exchange rate of the dollar against the Iraqi dinar will affect the Iraqi economy," noting that "this measure is a conspiracy and would destroy the Iraqi economy in light of low oil prices and the Corona pandemic." For his part, a member of the Parliamentary Finance Committee of the Saeron Alliance Naji Al-Saeedi said in a tweet on Twitter, "The central bank's use of the new cash issue to finance internal borrowing to bridge the budget deficit will lead to an increase in the dollar exchange rate against the dinar." He added that "this matter will lead to an increase in commodity prices," noting that "the only beneficiary of this process is the participating banks in the window of selling the process." He concluded his tweet, saying that this approach is "legal theft of the people's money." And Saturday, the exchange rates of the dollar in the Baghdad markets increased significantly, as the Central Kifah Stock Exchange in Baghdad recorded 125,700 Iraqi dinars against 100 US dollars, and Al-Harithiya Stock Exchange in Baghdad recorded 125,700 dinars against 100 dollars. Last Thursday, the Central Kifah Stock Exchange in Baghdad recorded 124,400 Iraqi dinars against 100 US dollars. According to the correspondent of Shafaq News Agency, the selling and buying prices also increased in the exchange shops in the local markets in Baghdad, where the selling price reached 126,250 Iraqi dinars, while the purchase prices reached 125,250 dinars per 100 US dollars.

You could be on to something Longtimelurker, I've always been of the opinion that things will have to get and also appear to be hopeless before we get what we desire... They can't be as dumb as they appear imo, even though this is Iraq. I don't think many of us here will fall for that scenario, but some may. REALLY sucks waiting though..

I believe the people of Iraq will have more confidence in a decentralized crypto (stablecoin, bitcoin,XRP) than the traditional fiat and the banks. Most of the chunky money will be converted into crypto quickly IMO. The population in Iraq is very young BTW.

I’m all for digital currency and I’m all in on the investment of Blockchain Technology. Go to the thread I started, Crypto Currencies, Start Learning. Im very interested in what Iraq will do because I kind of believe it might be a test of sorts for what may happen in the US.

Thank you for all the articles Thugs.

Hey DoD.. both my Shia friend and my old Kurdish friend live here in the states now. They were both translators for the US Army civilians with the DOD back in 2003 or so but my Kurdish friend was a much higher level translator. He was making a ton of money from the DOD and would sometimes even translate for Gen. Petraeus.. He had some incredible stories. Anyway, he would go back to his home in Erbil where his brother lives about once a year. So he was just telling me if he had to pay taxes on dinar here, he would go back home and not have to.. He would ultimately change it over to USD because he lives here in the US. And yes now that Iraq is implementing taxes they will probably have to pay up even over there..

The reforms have been applied. This was a strong statement. Thanks 6LY on da flo.

Hunter Biden Business Associate Flips From Prison, Releases Emails Detailing China Influence-Peddling Operation by Tyler Durden Fri, 10/16/2020 - 16:20 Emails from a former business associate of Hunter Biden's inner-circle who's serving time in prison for a 2016 investment scheme reveal that Hunter and his colleagues used their access to the Obama administration to peddle influence to potential Chinese clients and investors - including securing a private, off-the-books meeting with the former Vice President. Devon Archer (left) with Joe and Hunter Biden The emails, given to investigative journalist Peter Schweizer by former Biden associate Bevan Cooney and published by Breitbart also reveal that in 2011, the younger Biden and his business associates discussed strengthening relations with "China Inc." as part of a "new push on soft diplomacy for the Chinese." As Breitbart notes, these emails are completely unconnected to the Hunter Biden emails released by the New York Post. Cooney believes he was the "fall guy" for an investment scheme in which Hunter and business associate Devon Archer avoided responsibility. He reached out to Schweizer after the journalist published Secret Empires in 2018. Archer was initially spared jail and handed a second trial, however a federal appeals court reinstated Archer's fraud conviction in the case last week. Cooney provided Schweizer with written authorization, his email account name, and password to his Gmail account to retrieve these emails. He authorized, in writing, the publication of these emails— notable because it is the first time a close associate has publicly confirmed Hunter’s trading on his father’s influence. -Breitbart More revelations:

I think this is big news! Something must be going on behind the scenes! 🤠 Go RV !JMHO

6ly410, DT, Excellent articles keep em coming...😁😁👍👍🙏🙏. GO RV & RI

I know some traders who are literally scared to death about what was stated in that article. One friend is calling it the “Great Unwind”.

I had seen that... going to be an interesting couple weeks leading up to the election and after

The Global Reset is coming. Some that I’ve read say it’s Coming in the following weeks. Others are more guarded and say it may happen in the next year. I think it will happen when it happens. All I can tell you is have some hedges in place because when this Financial Reset, Revalue, or whatever you want to call it happens things will be knarly for awhile. It’s time to start watching your investments in the Stock Market folks. Please pay attention to what is going on all around us. I’m not giving financial advice, but please do your own Due Diligence. I believe the article below signals that our Fiat Currency status is over. I hope by now you all realize that the Petro Dollar is pretty much dead. The Big Boys are switching things up. We are witnessing a major Paradigm Shift like none of us have ever witnessed. Is Iraq part of this equation. I truly believe it is and I think our wait one way or the other is almost over. The next 6 months will be very interesting. Embrace the change and make it work for your financial goal. https://www.bloomberg.com/news/articles/2020-10-15/banks-brace-for-big-bang-switch-on-80-trillion-worth-of-swaps Banks Brace for ‘Big Bang’ Switch on $80 Trillion Worth of Swaps William Shaw LISTEN TO ARTICLE It’s being called the “big bang,” and it has derivatives traders on high alert. In a critical development in the global shift away from old benchmarks that was triggered by Libor’s shortcomings, interest-rate swaps on more than $80 trillion in notional debt will transition this weekend to a new rate for determining their value. While the switch to the secured overnight financing rate, or SOFR, is expected to boost longer-term liquidity in the new benchmark, it also is fueling concerns about unruly price action because it is expected to trigger the sale of swaps on tens of billions of dollars of debt. “The big bang is one of the most important steps in the Libor transition,” said Marcus Burnett, director of SOFR Academy, an education technology firm whose clients include banks and asset managers. “We expect rates desks from the largest banks in New York to be participating.” Read More: In a Post-Libor World, Here Are the Benchmarks That Will Matter The reset, which will see SOFR replace the effective federal funds rate in calculations that value swaps, is part of a push to make SOFR a standard U.S. reference rate in debt and derivatives markets. SOFR is intended to replace dollar Libor, which still underpins hundreds of trillions of dollars of assets such as mortgages in the U.S. and syndicated loans in Asia. The big bang follows a smaller-scale pivot in Europe this July, a less-complicated switch that occurred without much impact on the market. Interest rate swaps allow two parties to trade one stream of payments for another, over a set period of time. The most common variety, known as a vanilla swap, involves exchanging payments from a fixed rate for payments from an adjustable rate that is based on Libor or some other reference rate. Another kind, known as a basis swap, involves two adjustable rates. While SOFR has struggled to gain traction since its introduction in 2018, analysts say the upcoming big bang has already triggered a shift toward more trading in SOFR-linked swaps. This could help pave the way for a curve that reflects expectations for where the rate will be in the future, addressing one of the new benchmark’s key weaknesses. SOFR Is Coming Trading activity in swaps tied to new benchmark jumped in September Source: Bloomberg/ Depository Trust & Clearing Corporation The big bang “will have a very, very good impact on liquidity,” said Jason Granet, chief Libor transition officer at Goldman Sachs Group Inc. Compensation Still, in the immediate future there will be turbulence in pricing. Clearing houses are planning to effectively neutralize the changes in swap values caused by the big bang, and traders will see their positions automatically adjusted. LCH Ltd. and CME Group Inc. are preparing to distribute compensation from clients whose position values go up to those who see them decline. LCH will facilitate payment of hundreds of millions of dollars in cash to cover lost value, and at least tens of billions of dollars in basis swaps to compensate for risk, said David Horner, head of risk at SwapClear, which is part of LCH. However, some firms do not use basis swaps to hedge their discount-rate risk or are otherwise incapable of keeping them on their books, so they are expected to sell them. This Friday LCH will hold auctions in which 18 banks can close out $25 billion in unwanted basis swaps. Buyers, ideally, would snap them up either as hedges against risk or for their own value. But the approach is largely untested since basis swaps were not distributed in the European version of the big bang. “For about six months our members and clients have been able to look on their screens and see a forecast for the compensating cash payments and compensating swaps they will receive, so they are familiar with what’s about to happen,” said Horner. “It’s important for the market that it runs smoothly.” CME will hold a similar auction on Monday. Clients have agreed to a maximum loss, said Sunil Cutinho, president of CME Clearing, and “if their positions cannot be auctioned off then they are fully protected and they can use their own private means to dispose of their positions.” However, there are concerns about price swings in the market amid a surge in supply as some banks ditch basis swaps they received as compensation. The big question is how well the auctions go. Clearing houses are not guaranteeing the minimum prices for the basis swaps, which could fall below the maximum that firms are prepared to tolerate, said Joshua Younger, a strategist at JPMorgan Chase & Co. “Many would then likely unwind them in the open market and the price action could get very disorderly,” he said. Firms need to understand they are facing more risk from this change first before they eventually get less risk, said Pieter Van Vredenburch, a principal at Market Alpha Advisors and previously a member of the Alternative Reference Rates Committee, which is guiding the U.S. Libor transition, when he worked for HSBC Holdings Plc in 2016. “The big banks are very prepared for the big bang,” said Van Vredenburch. “But do I think the smaller banks are ready for this? Not even close.” When it comes to the overall switch to SOFR, he said, “there are so many nuances to the transition and the devil is in the details. There is nothing simple in all this.”

The Conspiracy is to keep me a poor S.O.B...... Oh well, maybe the Crypto's will save me.... Hope none of you are in the crypto's I'm in...Lol..

There it is, folks. We should have a more clear picture of where this is going with the 2021 budget. Unless those idiots postpone a decision on budget like they did in 2020. Did I say idiots?? Yeah, THAT'S accurate. And where's The Great Carnac when we need to know the rate??? LOL.

Implementing Article-140 and 141💥

LINK Report warns of Possible Collapse in value of Iraqi Dinar 17th October, 2020 An Iraqi government white paper has warned of a possible collapse in the value of the Iraqi dinar. According to Farhad Alaaldin, writing for Rudaw, the recently-approved white paper refers on page 37 to the danger of using the Central Bank of Iraq (CBI) as a source of financing, saying that the authors believe it "will lead to severe pressure on the CBI's reserves and the resulting unsustainable future consequences." He adds that this view was further confirmed by the group of experts writing the White Paper on page 42, who state that: "Indirect monetary financing by the CBI is the only remaining source... The need for this reserve to finance imports of goods and services means its will drop dangerously to low levels within nine months, which will ultimately lead to a real crisis in value of the Iraqi dinar, accompanied by the possibility of a collapse in its value."

LINK Parliamentary Finance: Every Iraqi child is born in debt of $ 3,000 17th October, 2020 The reporter of the Parliamentary Finance Committee, Ahmed Al-Saffar, revealed, on Saturday, the size of the debts on Iraq after the new borrowing if approved by Parliament, while noting that the Iraqi child's debt when he is born will be 3000 dollars Al-Saffar said in a televised interview followed by Al-Iqtisad News, “Iraq owed 40 trillion dinars internal and 25 billion dollars abroad before the vote on the borrowing law, and after the approval of the borrowing law of 15 trillion dinars and 5 billion dollars, Iraq became owed 55 trillion dinars and 30 billion Dollars He added, "If the new borrowing law is approved, 41 trillion dinars, the total debt will be 96 trillion dinars and $ 30 billion is debt owed by the government, with the exception of more than $ 40 billion. This is the Gulf debt of the Iran war He continued, "If we divide these debts on the population, it will be the debt of every individual and the Iraqi child when 3000 dollars are born abroad and internally

LINK Madrid Chamber of Commerce: Iraq has promising investment opportunities 17th October, 2020 The president of the Madrid Chamber of Commerce, Angel Asensio, announced that Iraq has promising investment opportunities consistent with Spain's approach to internationalize its companies In his speech at the "International Economic Conference between Iraq and Spain," Asensio said, "In Iraq promising investment opportunities are consistent with Spain's approach to internationalizing its companies, and Iraq is rich in its resources and young energies, and in return, the sectors that Iraq needs, including housing, reconstruction, digitization and qualification of cadres. All workers are available to the companies to achieve the aspirations of both sides On the other hand, Abdul-Hussein Al-Anbaki, the economic advisor in the Presidency of the Council of Ministers, said that the privileges enjoyed by the investor in Iraq, including the country's efforts to transform towards a market economy and impose customs tariffs to protect the local product, as well as the abundance of labor and the legislative base that protects investors and heads Funds at the level of investment law and the Iraqi constitution While Manuel Mora, representative of the State Secretariat for Trade, reviewed the trade balance between the two countries and the nature of exports and imports between them, noting the importance of diversification in products as well as the importance of legislating the investor protection law, while the Spanish ambassador in Baghdad, Hansi Escobar, confirmed that the situation in Iraq is heading towards complete stability, which is what He encourages investment work and that the government of Dr. Mustafa Al-Kazemi is moving forward towards achieving comprehensive reforms in the country. He thanked the Iraqi embassy in Madrid for its initiative and organizational effort to make the conference a success

Couple of thoughts, on Kim Jung-Un, God sees the future and as I listened I didn't catch or hear he was going to die necessarily in 2009 but at some future point. Esther appears in the Bible as a "woman of deep piety, faith, courage, patriotism, and caution, combined with resolution; a dutiful daughter to her adopted father, docile and obedient to his counsels, and anxious to share the king's favour with him for the good of the Jewish people. Whoever the Esther-like woman prophesied will have those traits.

https://1001iraqithoughts.com/2020/10/14/can-the-white-paper-deliver-on-economic-reform/ CAN THE WHITE PAPER DELIVER ON ECONOMIC REFORM? Posted by Iraqi Thoughts | Oct 14, 2020 | Economy, Featured | 1 The Iraqi government’s long-awaited “White Paper” was formally approved by cabinet on October 13 after it was shared with members of parliament, who will now undertake a thorough review. Billed as a blueprint for addressing Iraq’s economic woes, its completion had been a source of tension between parliament and the government. But yesterday’s milestone was only the first step in an arduous journey that Prime Minister Mustafa Al-Kadhimi’s government must undertake if it is to deliver on its bold promises. With time running out, the difficult task of garnering sufficient political buy-in must be accelerated if the 95-page document is to be translated into tangible changes. The White Paper lays out a three-year plan for how Iraq’s financial predicament can be reversed. The first half of the document presents the scale of the problem in intricate detail, utlilsing charts and figures to illustrate what is at stake if the country continues on the current downward spiral. This level of detail is not only useful for policymakers, but can also be harnessed to communicate persuasively with the public. The second half of the document outlines a series of specific reform measures that the government intends to pursue to advance five key areas: sustainable fiscal stability, macroeconomic reforms, building vital infrastructure, provision of essential services, and creating an administrative and legal environment that is conducive to growth. The paper sets out a strategy that prioritises the urgent need to “stop the haemorrhaging of the fiscal deficit” that is symptomatic of the massive spending commitments in the public sector. Reining in public expenditure would in turn create a sufficient amount of fiscal space for the government to target the sorts of macroeconomic reforms that are vital to overhauling Iraq’s deep-seated structural problems and resurrecting the non-oil sectors. The document offers an ambitious proposition and in total sets out more than 200 actionable reform measures including legislative amendments, digital innovations and major cuts in subsidies. Naturally, the most obvious question to ask is, can the government pull this off, and if so, how? The authors note that once the paper is approved by parliament, the government will prepare a separate action plan that details how it will implement the proposed measures along a defined timeline. This is, of course, easier said than done. Implementation has always been the Achilles heel of reform-minded policymakers and there is little reason to believe that this attempt will be any less problematic. A key component of implementation is the political will to undertake unpopular actions that will inevitably create some public backlash. For instance, the paper pledges to significantly curtail public sector hiring and aims to slash the public payroll from 25% to 12.5% of GDP within three years. But Kadhimi’s five-month record has shown that he has little inclination to resist popular demands for more government jobs. Since May, protests and sit-ins by unemployed graduates demanding government jobs have multiplied, and on some occasions Kadhimi has personally relented. With few viable options in the private sector for tens of thousands of young people in search of employment, the problem has been compounded by outlandish promises that cannot be honoured in the near-term. With much fanfare, the government launched the online portal Tawtheef earlier this week, advertised as a major milestone towards helping thousands of ordinary people find employment. The prime minister’s spokesperson claimed that the initiative would serve as a fully automated service that would enable job seekers to find and obtain employment without any human intervention. But there was little effort to clarify that in fact there are no jobs currently available on the system and that the Tawtheef website’s sole function right now is an electronic form where job seekers can submit their personal details and register their general interest. The release of the White Paper has further heightened public expectations, and the government will need to be frank and transparent about what it actually plans to achieve in the remaining time it has left before elections. Many of the reform measures proposed in the paper have been attempted by previous governments and have yielded minimal outcomes. For example, the authors aim to cut financial support to state-owned enterprises (SOEs) by 30% for three consecutive years. They propose categorising SOEs into profitable, faltering and unviable entities. Many viable companies would then undergo complete or partial privitisation, while those that cannot be salvaged would be liquidated. Given the huge source of political patronage that SOEs generate, any attempt to break them up would face formidable resistance from vested interests. If the government is seriously committed to what it sets out in the White Paper, it will need to devote far more political capital to economic reform than it has in the past. To bring about tangible reform, it is not enough to delegate this task to the technocrats and bureaucrats, no matter how informed they may be. The prime minister’s personal attention will be crucial to generate enough momentum to bring about real change.

I wonder if it could be Judge Coney Barrett he’s referring to....... Just thought I’d through that in there, just for Kicks n Giggles.😉❗️

Another Great Find - Ur On A Roll Bro ! Now Go And See If U Can Find ‘Other Bro’ ... LINK The government intends to apply income tax to salaries and allowances, starting from the current month 16th October, 2020 Informed political sources revealed that the government intends to issue a decision to apply the income tax law to the total salary since October The Ministry of Finance imposes an income tax of 3% to 15% on the nominal salary of employees The sources, who preferred not to be named, told Al-Iqtisad News that the government is directing a major crisis in providing liquidity to pay the salaries of employees, especially this month, noting that the salaries of this month are witnessing a large deficit after the government has exhausted internal loans and that oil revenues are not Enough for that She noted that the application of the Income Tax Law on the total salary, not just the nominal salary, will give the government an amount of 600 billion dinars The government applies an income tax from one dinar to 500,000 dinars at a rate of 3%, and if the salary is more than 500,000 to one million dinars, then the income tax is 5%, and if it is more than a million to 2 million, then 10% is applied, and if it is more than 2 million dinars, it applies. 15%

I Don’t Think That It’s A Woman - But That It Might Be The Esther Bunny ? And If He Comes Out Of The Ground In 2020 And Sees His Shadow Wearing A Corona Mask - That They’re Gonna Try To Defund The Police ! And Also That There Will Be A ‘Great Toilet Paper Shortage’ - Causing It To Become A Valuable Precious Resource... I Think That This Is Where People Think That He Had Predicted An Increase In The Dinar ...