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Showing content with the highest reputation on 04/23/2023 in all areas

  1. Yes I feel like this is all orchestrated to coincide around the same time, cross border payments, level playing field for currencies etc….. like all resetting at the same time for as seamless of a transition as possible
    9 points
  2. This is the big story...Iraq is on the move. IMHO. This clearly show economic reform is happening in Iraq right before our very eyes.
    9 points
  3. Here's an article from Dinarland... It's Before Us...It's Before Us. Treat as a rumor. Not verifed. Your opine. MilitiaMan: It's Before Us ARTICLE: Government agencies, the GOI, the CBI, their delegations - they're all talking to us about exchange rate changes, forewarning...to hold on to (the Dinar) because they're going to be more stronger against the US Dollar. They go from, the Dinar is stronger (to) the Iraq Dinar will rise against the US Dollar in a few weeks...And then he says, soon. And then the other day on the 18th, he says..."Now" We can take all that information to let us believe that change is coming, it's before us. What we are seeing now is phenomenal.
    7 points
  4. Just thoughts....3rd reading of budget....who knows....so many days allotted for it to be signed...10-15?.....officially posted (gazette).....wed or Friday's only.... As I've said previously....I don't have a great deal of knowledge on the inner workings of Iraq.... Additionally the World is in a hurry for a change to get away from the FIAT currency fiasco.....East/west is colliding for power.... All this is roaring down the tracks......and it's "all connected"..... Seems I've heard that some where? Just my thoughts... CL
    7 points
  5. 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... So, take everything with a grain of salt ... RON Mnt Goat A government advisor confirmed, on Tuesday, that the parallel market for selling the dollar will witness a new decline during the next ten days and will come closer to the official price, indicating that transfers are currently taking place in an easy and accurate manner, after the agreement with the American side. It is a slow decline but it is happening.
    7 points
  6. 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... So, take everything with a grain of salt ... RON Militia Man Al-Sudani said, 'now'. That is a very key point to where we're headed. He comes back a little bit later and he said the dinar is going to be a little bit stronger. He implies 1.5 times. Be careful how you think about that. Some of the folks out there seem to think that means it's $1.50 but...he's talking about the official exchange rate - 1310 [which equals approximately] .00076336...But when he says 1.5 times that's a totally different equations because currencies are valued by reciprocals...what's 1.5 x .00076336? Turns out to be about .0015405...
    6 points
  7. Militia Man "he's talking about the official exchange rate - 1310 [which equals approximately] .00076336...But when he says 1.5 times that's a totally different equations because currencies are valued by reciprocals...what's 1.5 x .00076336? Turns out to be about .0015405..." That would equate out to $1540.50/million IQD. So if you paid $1200/mil you will have made a $340 profit (28.33%), and if you paid $1000/mil you made a $540 profit (54%). That would be minus exchange fees and any taxes. In any case that's better than nothing..! Now, if this is actually the case, and they float it from there I believe it will increase in value rather quickly - depending on any IMF restrictions. We shall see soon enough. Blessings - RON
    6 points
  8. 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... So, take everything with a grain of salt ... RON Militia Man ...Government agencies, the GOI, the CBI, their delegation - they're all talking to us about exchange rate change, forewarning...to hold onto [the dinars] because they're going to be more strong against the dollar. They go from, 'the dinar is the strongest.', [to] 'The Iraqi dinar will rise against the US dollar in a few weeks.' ... And then he says 'soon.' And then the other day on the 18th he says, 'now.' We can take all that information to let us believe that change is coming. It's before us...what we're seeing now is phenomenal. Frank26 I was hoping we'd see the new small category notes this week along with the coins and the new exchange rate but it looks like it's the budget first. Don't be surprised if the budget contains internal surprises. Kaperoni What we have to hope for is that Iraq follows the guidance of the IMF and allows the currency to float and a gradual appreciation over time based on the success and growth of Iraq 's economy.
    6 points
  9. Dinar in the parallel market increases by 5% since the beginning of the month Al-Eqtisadia News Agency - Dinar value increases in the parallel market by 5% since the beginning of the month (economy-news.net) Dollar and Iraqi Dinar Since the beginning of April, the value of the Iraqi dinar against the dollar has risen by about 5% in the parallel market. The dollar was sold on the first of April at 150,750 dinars, while today it has dropped to 143,500 dinars, as its value has fallen by 7250,1320 dinars. But the dollar is sold by the central bank at <>,<> dinars to the last beneficiary. The rise in the value of the dinar against the dollar is due to a series of measures taken by the Central Bank, known as the two reform packages that regulated foreign trade by forcing traders to open bank accounts and deal directly with banks, in addition to coordinating trade with China through the Chinese yuan. The Governor of the Central Bank, Ali Al-Alaq, said earlier this month that the Central Bank is on alert to return the exchange rate of the dollar to normal, because what happened is that the Federal Bank has audited financial transactions in advance while it was previously after the financial transfer from Iraq. He pointed out that now external transfers have doubled, creating a balance between supply and demand, and the new system has begun to work faster than before. 252 Views Added 2023/04/23 - 2:47 PM
    5 points
  10. From WRAL-TV; Winning Powerball Numbers Saturday, April 22, 2023 17 36 47 63 68 PB 25 Power Player 2X Sorry; We had no winning matches tonight.
    5 points
  11. 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... So, take everything with a grain of salt ... RON Sandy Ingram This is Breaking News - Iraq now has a Deposit Insurance Company like the U.S. FDIC. Article: "The Governor of the Central Bank Inaugurates the headquarters of the Iraqi Deposit Insurance Company." The company will guarantee the deposits with Iraq banks approved by the Central Bank of Iraq...What will this do is get most of the old Iraqi dinars hidden under mattresses in Iraq, into the banking system. This is a major effort to regulate the number of Iraqi dinars on the open market. Walkingstick With this international float that is being explained now they are proving that they can maintain the + or - 2% compliance. It's working...Really...??? MarkZ In Iraq Article: “Traders complain about poor turnout despite Al Fitr” This year at the end of Ramadan people are cutting back on spending their dinar…of course they are saying its because people are poor and rising costs…but I think there is something bigger than this going on. Especially based on news from the street. I spoke with a couple Iraqi contacts that are on the ground in the country and they are saying the exchange rate officially is about 1300…or one dollar buys 1300 dinar. But, on the street people are refusing to let it go for anything less than 1100-1000. Meaning the dinar is stronger than it is posted right now. The chatter is amazing on the streets over there…they are anticipating that big change and do not want to give up their dinar. Just where did you get this last bit of information from, Mark - it seems to be contrary to everything that has been going on. RON Militia Man Al-Sudani Quote: 'There's great confidence in the Iraqi dinar noting that the exchange rate of the dollar trend to stabilize and reach the official price soon.' They already changed the official price quite some time ago...February 7th. Now they're saying it again...It sounds to me like there's going to be another change...
    5 points
  12. Added @ 10:30 AM CDT: Frank26 [Referencing the Instagram post and news articles from the other day] THE 1.5 TO 1 IS...TRUE. Community Question: "Can someone please tell me what the 1.5 to 1 means?" THE 1.5 IS THE NEER (Nominal effective exchange rate - a measure of the value of a currency against a weighted average of several foreign currencies. ).
    4 points
  13. Parliamentary Finance expects the date of the vote on the budget Policy |Yesterday, 18:20 | Baghdad today - Baghdad Today, Saturday, the Parliamentary Finance Committee revealed the date for voting on the financial budget law for the year 2023, while confirming the existence of a political agreement on that. Committee member Jamal Cougar told (Baghdad Today): "After the end of the Eid al-Fitr holiday, the Parliamentary Finance Committee will re-discuss the notes on the budget law, and there will be negotiations between the blocs about the budget paragraphs as well as the financial deficit in it." And Cougar stated, "The vote on the budget law will take place at the end of next month, and there is a political agreement on this matter among all parliamentary blocs within parliament, and we will work to reduce the financial deficit in the budget, to prevent economic consequences from occurring due to the current large deficit in the law." . Last Sunday, the House of Representatives completed the second reading of the budget bill, and it is likely to be submitted to a vote after the Eid Al-Fitr holiday. It is noteworthy that the government spokesman on behalf of Al-Awadi said last Thursday that "within 10 days, by the end of this month (April), everything will proceed correctly regarding the budget," adding that "the government will provide all facilities and assistance that enable the Kurdistan Region and its citizens to continue their lives." natural.”
    4 points
  14. A few weeks=Soon=Now=In the coming days=This month=Next month? Let's see what other words that we haven't heard before coming from Iraq?
    4 points
  15. Hey. It's a start. It has to start somewhere. Let the RV-RI begin.
    3 points
  16. “Within 10 days, by the end of this month (April), everything will proceed correctly regarding the budget,” Boy…..I do wish I Knew how to make the FONT BIGGER and WITH COLORS!!!!! Use to be able to……can’t any more!! I say this to myself (with conviction) every single day…..and hoping I’m not the only one!!!!!!!!!❣️❣️❣️
    3 points
  17. April May June all looks good to me but unfortunately with the Biden administrations inflation my 2 cent opinion is now worth less then a penny thanks ol joe and his couple of supporters 🤡 on here you done good no more mean tweets from the bad orange man
    3 points
  18. Would adjusting the rate from trillions to billions and increasing purchasing power will this assist in reducing expenditures?
    3 points
  19. Might be a nice start for some but I’m not a whale so it’s hardly worth my time. Just saying, not trying to be a Debbie Downer🤣
    2 points
  20. I purchased my first 2 million in 2004 at 4,000 to the USD. I should had purchased more if I only had known.
    2 points
  21. Here's another article related to the above...this article says it all... Kaperoni: IMF Guidance. ARTICLE: What we have hoped for is that Iraq follows the guidance of the IMF & allows the currency to float & a gradual appreciation over time based on the success & growth of the Iraq economy.
    2 points
  22. Here's article from Dinarland... The Gurus are full of it. Some have stated an in-country RV-RI for the last 10-12 days. Some claim to have seen the new lower denominations...not true. Treat as a rumor. Not verified. Your opine. WalkingStick: CBI Memo: New Lower Denominations & Coins To Be Introduced Soon. ARTICLE: Bank friend Aki report of a CBI meeting with affiliated banks...You are going to see a tender (memo) that will be posted on the CBI website...The CBI is getting out a tender, a contractual agreement on the printing of the national currency of new small category notes & coins ...They are asking to print more...Because they're going to be needed for the Iraq citizens when they come in & exchange their three zero notes...This tender will include pictures of the new national currency. It will include pictures of the coins. It will introduce the different sizes...denominations, coins & materials used.
    2 points
  23. The increases in increments will start out slow. There will be a sucker rate to get as many three zero notes off the streets ASAP. At some point shortly after, we will see huge incremental increases. I don't believe it will take years or decades. The Lower denomination & coins wouldn't be worth printing & minting if that were the case. I may be wrong. IMHO.
    2 points
  24. Happy Eid day! Going to fix me a ham and cheese sandwich! For breakfast and a BLT for lunch! Smoked ham for dinner!! Again happy Eid day to you and your family! JMHO 🤮
    2 points
  25. april, may or june? start or end? if ts end of june its only 8 weeks away not long at all!
    1 point
  26. thanks for the articles yota those are some very large numbers of dinar exchanged for usd ,one can only hope the cbi is reducing the note count of iqd in country ,,,,, all the best
    1 point
  27. For now...anything stronger than 1,200 to the USD. We've been told the IQD will go up in increments, a float, not an overnight RV-RI. IMHO.
    1 point
  28. Here's another article related to the above...the Gurus are still slinging it...OK Bruce...CBI must be lying... Bruce The Goose: Iraqis Have Exchanged. ARTICLE: We talked about Iraq already doing exchanges of large three zero notes like we have, into lower denomination Dinars at a factor of whatever their hidden rate was. That occurred 14 days ago or two weeks. The ATMs have been loaded with lower Denominations, were active Tuesday morning.
    1 point
  29. Here's another article related to the above..."That's What They Been Telling Them". MilitiaMan: That's What They Been Telling Them. ARTICLE: It's a fascinating time...Over the last two months we've had some very interesting comments...By the CBI, the Government of Iraq...The Finance Ministry...The Planning Ministry, They've all been talking...Back in March, the CBI reassured Iraqis "Your Dinars are stronger". That's a key point...That's what they been telling them.
    1 point
  30. 1 point
  31. Parliamentary Finance: We are going to reduce the budget deficit in real terms by reducing expenditures - 04-21-2023 09:13 PM - Number of readings: 6972 Today, Friday, the Parliamentary Finance Committee revealed that the committee has a plan to reduce its deficit, which amounts to 64 trillion dinars, while indicating that it is not possible to raise the price of a barrel of oil in the budget . Committee member Mustafa Al-Garaawi said in a statement, "The committee will begin to set a schedule to host the sovereign ministries of finance, oil, defense, and electricity to discuss their expenditure chapters in the budget ." He added, "These ministries include the highest spending compared to the rest of the ministries, and there will be a discussion of the details to find out their real needs and the possibility of reducing and transferring funds within these ministries ." He pointed out that “the budget deficit amounts to 64 trillion out of its total amounting to 199 trillion, and after agreement with the Prime Minister, the Minister of Finance and Planning will be hosted within the Finance Committee to discuss the possibility of reducing the deficit and reducing expenditures in unnecessary chapters in agreement with the government so that the decision does not affect the government program and the provision of services to citizens.” ". He pointed out that "the price of a barrel of oil in the draft Federal General Budget Law 2023 will be discussed with the Ministry of Oil and the concerned authorities to ascertain the extent to which the oil price can be stabilized during the current year and the coming years, given that the volume of revenues depends directly on the price of oil and the quantities exported. " He explained, "The Parliamentary Finance Committee is looking to reduce the deficit by reducing expenditures, and we are going towards reducing it in real terms by searching for unnecessary operating and investment expenses and deleting them. The committee will put in place a mechanism to reduce high operating expenses in a way that does not affect the volume of services provided to the citizen, nor the government program. "
    1 point
  32. Advisor to the Prime Minister: The 2023 budget is positive and there is a political consensus to approve it Time: 04/22/2023 15:50:20 Read: 169 times {Economic: Al Furat News} The financial advisor to the Prime Minister, Mazhar Muhammad Salih, described the financial budget for 2023 as "positive". Saleh said to {Euphrates News} agency: "It is clear that there is a great interaction to approve the 2023 budget, and there is a political consensus towards that." He added, "The nature of this budget is positive, especially since Iraq has passed for more than a year without a state budget." On April 18, the House of Representatives completed the second reading of the draft federal budget law for the fiscal years 2023-2024-2025, and it is likely to be submitted to a vote after the Eid al-Fitr holiday. Raghad Daham
    1 point


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