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Showing content with the highest reputation on 04/24/2023 in all areas

  1. Federation of Chambers of Commerce: Iraq sent a positive message to the world after entering the SWIFT platform Layla Waleedsince day one Federation of Chambers of Commerce: Iraq sent a positive message to the world after entering the SWIFT platform – First News Agency (awla.news) Facebook Twitter Share via mail The Federation of Chambers of Commerce confirmed on Sunday that Iraq has promising investment opportunities in all disciplines, while pointing out that its entry into the SWIFT platform gave a positive message to all countries of the world. The head of the Federation of Iraqi Chambers of Commerce Abdul Razzaq Al-Zuhairi, told the official agency (Al-Oula News), that "Iraq has thousands of promising investment opportunities and all the specialties of oil, agricultural, industrial, commercial and tourism, especially since it is a country with multiple goods and sites." He added that "there are great opportunities that can be global," stressing "the real need to extend the law and send a positive message to the world that Iraq is a safe environment for investment, in addition to the need for banks to have a global correspondent through which the investor can enter and exit funds." He explained that "Iraq's entry into the platform in SWIFT gave the world a positive message that Iraq has its money and financial dealings white," noting that "the Union has all the powers to approach international companies through the federations of chambers of commerce and industry in the countries of the world." He added, "Iraqi investments are large and widespread in all countries of the world, including Oman, Dubai and Turkey, because the laws there are easy and simplified," calling on "the government to improve the administrative of those operations and eliminate red tape, bureaucracy, nepotism and other matters that keep the investor away from investing his money in Iraq."
    14 points
  2. Swift ... I like it ... would be real swift alright if they ever get around to changing the rate... Smh
    10 points
  3. 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 Pimpy Article: "Parliament finance reveals the deadline for approving the budget" the decline has now been pushed to the end of May. So not only do we still not have a budget processed for this year, it's going to be past four months going into five months before they even vote on it...Iraq's economy could be so much stronger if they would just hurry up and get this damn budget approved. Now mind you, this is for 3 years and that's a good thing. So come on Iraq get this budget passed so you guys can start benefiting and growing the economy even quicker. MarkZ Article: “Finance minister discusses economic cooperation with Canada and Europe” I think its important that a third world country with no international currency meets with world leaders all the time with development of massive billion dollar projects.
    9 points
  4. What Is the SWIFT Banking System? The Society for Worldwide Interbank Financial Telecommunications (SWIFT)system powers most international money and security transfers. SWIFT is a vast messaging network banks used by financial institutions to quickly, accurately, and securely send and receive information, such as money transfer instructions. In this article, we explore what SWIFT does, how it works, and how it makes money. KEY TAKEAWAYS Society for Worldwide Interbank Financial Telecommunications (SWIFT) is a member-owned cooperative that provides safe and secure financial transactions for its members. This payment network allows individuals and businesses to take electronic or card payments even if the customer or vendor uses a different bank than the payee. SWIFT, today, is the largest and most streamlined method for international payments and settlements. SWIFT works by assigning each member institution a unique ID code (a BIC number) that identifies not only the bank name but the country, city, and branch. SWIFT has been used to impose economic sanctions, such as on bad actors like Iran and Russia.
    8 points
  5. Added @ 9:40 AM MDT: Dallasdude They have clearly stated numerous times they intend to come out in the 1320 range...the real question is how long will they stay there...I for one would not be surprised if it's for the remaining year...hope I am wrong but the private sector needs growth at this time..they have until the end of May to complete budget, I personally think it will be done sooner right after EID as articles have stated..just got to let it play out...1320 helps the citizens a little but not us...its all about the time frame between the 1320 range and the 1 to 1 float that I seek..
    8 points
  6. You're both so fortunate for getting in at that rate. I didn't get in until 2009 @ 1168 which is when I first heard about the IQD. Let's hope & pray that they stop dragging their feet, and that this venture finally comes to fruition soon..! Blessings ... RON
    8 points
  7. here's some tidbits from around the web related to the above...GAGGED... Pimpy: Losing Value. TIDBIT: The Dollar is losing value to the IQD. MilitiaMan: Gagged. ARTICLE: It's getting a little quiet in the news...It's an indicator that quiet time is sometimes good...Al Sudani is being quiet...He's for the people...he's not yacking, that means things are going good.
    7 points
  8. so yahoo finance talking about china devaluing the dollar (onyl four years too late) meanwhile Texas has lready issue a bill going into effect september 1, 2023 for Gold Backed Digital Currency! https://capitol.texas.gov/tlodocs/88R/billtext/html/SB02334I.htm
    6 points
  9. 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 Walkingstick ...The next step in the monetary reform process is to display the national currency and the coins because they have been talking about it for a few weeks now. The citizens are ready. That's why the CBI has put the tender request out - print more now. You will see this on the CBI website, then the education will explain the value, the design, the description. The History of the country will be on the new currency and they will explain all of this to the citizens. They will show them the colors of all the different denominations, and the security features of the new small category notes ...It will not be a celebration but it will be known to the International world that the Iraqi dinar has now joined them. Frank26 [Iraq boots-on-the-ground report] FIREFLY: Bank friend...said what you are seeing right now is the battle to get the official exchange rate and dollar to close the gap between the two of them. When this gets to a number that they want whether it be 1100 like reports say or 1000 we will then see action of the deletion of the zeros and the lower notes and the fils. All of this will appear...All goods and services have already gone to dinars. We have no choice now. ATMs full of dinars. It's all set up. FRANK: That's exactly right...you are about to receive your national currency. They've already put you on alert for it, with coins and a new exchange rate. These are exciting times. Breitling What is Iraq's #1 goal..? They're sitting so good it's unbelievable because...their goal is to get more customers, sell more products...Think Iraq Inc. the company. And there is nothing but multiple doors in front of them. They can do it in oil. They can do it in natural gas. They could even do it in gold if they wanted to. They can trade in the US dollar. They can trade in other currencies. They can build a massive foreign currency reserve with other currencies. They don't need the US dollar. They want it because we're the big boys on the block...But they can trade in other currencies. It will diversify them.
    6 points
  10. 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 Frank26 I said this is going to cause a problem. They're forcing them to only use the dinar. The American dollar had some value but the Iraqi dinar has no value. You're at the crossroads of the CBI's monetary reform. Your prime minister and governor of the CBI are very close to removing this financial pain that the Iraqi people are suffering... Militia Man It's getting a little bit quiet in the news...It's an indicator that quiet time sometimes is good...Al-Sadr is being quiet...he's for the people...riots in the streets...we don't have those anymore...He's not yacking that means things are going good..
    6 points
  11. Central Bank: We expect a further decline of the dollar as it has become available to everyone Economic News Agency - Central Bank: We expect a further decline of the dollar as it has become available to everyone (economy-news.net) Economy News-Baghdad The Central Bank confirmed on Monday that the cash payment of the dollar has become disciplined with the procedures of the electronic platform, which prompted a decline in its price in the market, because it is available through the platform. Central Bank adviser Ihsan al-Yasiri told the Iraqi News Agency that "all traders, including small traders, can now obtain dollars through the electronic platform, and cash payment for dollars has become disciplined with the platform's procedures." "In light of this, it is natural for the dollar to start falling against the dinar in the market for its normal price set by the central bank, because the dollar is a commodity like any other commodity that meets its purchase requests," he said. He continued: "As long as the purchase requests for the dollar are met through the platform, there will be no reason for the merchant to sell in dollars, and we hope that the sale will be in dinars only because it is the currency of the country, and secondly, there is no reason to stick to a certain price, because the dollar is available to those who request it, such as the merchant, those who need to travel for treatment, the traveler and the student who studies abroad." 4 Views Added 2023/04/24 - 8:54 PM
    5 points
  12. Added @ 12:40 PM MDT: Samson Article: ”Advisor to the Prime Minister: The parallel price of the dollar will drop to the official one very soon"
    5 points
  13. What started out in late Jan, then pushed to end of Feb, then Mar, for sure end of Apr. Now we are hearing another push to the end of May. Before we know it, it'll be the last quarter of the fiscal year & would have to be pushed to Jan.
    5 points
  14. I purchased mine @ 1460 when I was in Iraq in 2004. Well either I or my grandkids will be the winners I hope. pp
    5 points
  15. Original quote from the news article; “the real value of the dinar that exists now is more than a dinar and a half, because the bank's reserves are very high and therefore the cover of the national currency is high." My opinion; All they’re saying is because of high foreign currency reserves they can cover monetary mass 1.5 times or by 150% 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... My opinion based on the above; $1/1310 =$0.0007633 $0.0007633 x 1.5 =$0.001144 Guess will happen after deleting the 000 Go Stronger dinar $1+
    5 points
  16. Here's an article from Dinarland... CBI: Print more now. Treat as a rumor. Not verified. Your opine. FRANK26: Print More Now. ARTICLE: The next step in the monetary reform process is to display the national currency & the coins because they have been talking about it for a few weeks now. Iraqi citizens are ready. That's why the CBI printed the tender request out - print more, now.
    4 points
  17. As Coorslite mentioned yesterday, "its all connected" and takes time to get the new system in place. Lots of happenings behind the scenes. Believe we are there. Not hard to figure it out if you search it out.
    4 points
  18. Mazhar Mohammed Saleh: Government measures to remove obstacles to foreign trade Al-Eqtisadia News Agency - Mazhar Mohammed Saleh: Government measures to remove obstacles to foreign trade (economy-news.net) Economy News-Baghdad The financial adviser to Prime Minister Mazhar Mohammed Saleh confirmed on Monday the application of two policies that supported the Iraqi dinar against foreign currencies, while revealing government measures that removed obstacles to foreign trade. "The monetary policy of the Central Bank of Iraq has proven that it has the ability and flexibility to coordinate with the supporting government policies in providing exceptional capabilities to impose stability on prices in general and the exchange rates of the Iraqi dinar against foreign currency in particular, which are related to the prices of imports of goods and services," Saleh told the Iraqi News Agency. He added that "based on the above, achieving and maintaining stability has come through two policies, the first: on the part of monetary policy by facilitating external transfer procedures and the official exchange rate at the time of transfer, and limiting the use of foreign currency through channels, legal procedures and digital banking mechanisms." He added that "these channels and procedures are all characterized by high disclosure and governance across the national and international financial and banking system, as well as the adaptation of the Iraqi banking system to the compliance and auditing platform related to foreign currency transfers in a professional, legal and fast manner without prejudice to the freedom of foreign transfer, which is now consistent at the same time with national and international laws and regulatory regulations, which were represented by the three packages of the Central Bank of Iraq." "The second is the general government policies, and it is related to the facilitated coordination measures taken by the Council of Ministers during the past few periods in the customs, tax and commercial fields, in a harmonious syndrome that has become more accurate after removing bureaucratic obstacles inherited in the movement of foreign trade, which gave stability and high flexibility in moving the activity of small traders to exercise their direct role in importing from outside the country and themselves without the chains of intermediaries and previous monopoly forces that the market accumulated with its imbalances over the past forty years," he added. Views 2 Added 2023/04/24 - 4:55 PM
    4 points
  19. Didn't get in until 2010. In reality, it's okay. Because if you buy enough dinar, rich is rich, right?
    4 points
  20. i think when we put everything ito perspective, we knew but to what extent that the iranians were controlling iraq, we did not know obama had created isis and funded it and was behind the attack on mosul. we can be thankful for trump wipping out the general in iraq threatening and killing iraq politicians and we have come so far in such short time..lets hope this ride is over. there were many outisde influences and forces working against us.
    4 points
  21. You haven't heard "Revalue" yet
    4 points
  22. great post this is what happens when you apply logic!
    4 points
  23. 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.
    4 points
  24. 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.
    3 points
  25. The General Secretariat of the Council of Ministers clarifies the return of official working hours after the Eid Al-Fitr holiday PM:01:58:24/04/2023 12936 views Today, Monday, the General Secretariat of the Council of Ministers announced that tomorrow will be an official working day in all state institutions. And the spokesman for the General Secretariat of the Council of Ministers, Haider Majeed, said in a press statement, followed by NRT Arabia, that "tomorrow, Tuesday, will be an official working day in all state institutions, after the end of the blessed Eid Al-Fitr holiday." And the Prime Minister, Muhammad Shia'a Al-Sudani, had directed the suspension of official working hours from last Thursday until Monday, on the occasion of Eid Al-Fitr.
    3 points
  26. TERMS for Powerball Entries Pool(s) is (are) open to identifiable/registered DV MEMBERS ONLY (Sorry, no extended family or friends... or Lopsters, as they are not allowed in the regular forums, and therefore cannot comply with the rules). One SET of numbers per ENTRANT per POST per FAMILY (Multiple members in a family may participate under ONE ENTRANT ONLY). (Please select CASH OPTION when purchasing numbers/ticket). Annuity tickets will not be disqualified and will be factored accordingly if determined a winner, but our preferred intent is for the lump sum payout. A DV Member may purchase and post up to ONE ticket for ANOTHER DV Member (except Lopsters), with that member's acknowledgement and consent. ONE SHARE per entrant of any winnings of the JACKPOT (CASH OPTION!!!) only (Approx. $100 million minimum drawing) Winning ticket/entrant agrees to share EQUALLY with ALL qualified entrants in this thread. Qualified entrants must have numbers/entry posted prior to drawing date/time. Qualified entrants must have a physical ticket to present upon winning, to prove their pledged participation. HOLD onto your "LOSING" ticket. Take a picture of your "LOSING" ticket as a possible backup verification. Winning entrant is responsible for ALL communication with, and coordination of, winning shareholders immediately after the drawing. ALL winning participants/shareholders agree to respect and abide to the PRIVACY terms of the WINNER. Disclosure of identity of winning entrant is sole discretion of winner. This is for the security and safety of all. Winning shares will be dispersed upon final consensus and WRITTEN AGREEMENT, guaranteeing individual preferences, privacy and security. By posting your pledged ticket/numbers in the thread(s), YOU AGREE TO THE TERMS POSTED ABOVE. The following has been added to the rules as of 9/17/2016 to clarify a question about participation: NEW RULE! Ticket/numbers entered into THIS DV POOL are for this pool exclusively. It may not be entered into other pools. Its entry into the DV POOL is time-stamped as verified by the post, and acknowledged by the entrant that it is exclusive to DV. Should it be found that the WINNING TICKET is entered into multiple pools, WE will claim that ticket as the WINNER for the DV POOL EXCLUSIVELY, irrespective of the time-stamp of other pools. Should another pool have a similar rule, or no rule to this regard, the time-stamp may be an effective qualifier if necessary to determine the participant's intent, as well as order of participation. $100M Minimum is waived.
    3 points
  27. Maybe, as evidenced with everything we are seeing today, the deep state was still too entrenched in our gov and govt of Iraq, Iran etc. timing wasn’t right and would have made them extremely more wealthy than they already are. The EO he signed that said anyone involved in human trafficking etc could be frozen may eventually come into play but maybe they hadn’t cleaned up enough corruption. It scares me to think that the current admin would RV and look like the hero’s to the current financial system. If that is the case nothing will change in our financial system and tax and spend politicians, just thinking out loud
    3 points
  28. Comment from the Central Bank on the recent decline in the exchange rates of the dollar against the dinar 2023.04.24 - 20:53 Comment from the Central Bank on the recent decline in the exchange rates of the dollar against the dinar (nasnews.com) Baghdad - NAS The Central Bank confirmed on Monday that cash payment to the dollar has become disciplined with the procedures of the electronic platform, which prompted a decline in its price in the market, because it has become available through the platform. Central Bank Advisor Ihsan Al-Yasiri said in a statement to the official agency "NAS", (April 24, 2023), that "all traders, including small traders, can now obtain dollars through the electronic platform, and cash payment for dollars has become disciplined with the platform's procedures." "In light of this, it is natural for the dollar to start falling against the dinar in the market for its normal price set by the central bank, because the dollar is a commodity like any other commodity that meets its purchase requests," he said. He continued: "As long as the purchase requests for the dollar are met through the platform, there will be no reason for the merchant to sell in dollars, and we hope that the sale will be in dinars only because it is the currency of the country, and secondly, there is no reason to stick to a certain price, because the dollar is available to those who request it, such as the merchant, those who need to travel for treatment, the traveler and the student who studies abroad."
    3 points
  29. Central Bank: Cash payment to the dollar has become disciplined with the procedures of the electronic platform Today, 20:49 pm Baghdad - The Central Bank confirmed on Monday that the cash payment of the dollar has become disciplined with the procedures of the electronic platform, which prompted a decline in its price in the market, because it is available through the platform. Central Bank adviser Ihsan al-Yasiri told the Iraqi News Agency (INA) that "all traders, including small traders, can now obtain dollars through the electronic platform, and cash payment for dollars has become disciplined with the platform's procedures." "In light of this, it is natural for the dollar to start falling against the dinar in the market for its normal price set by the central bank, because the dollar is a commodity like any other commodity that meets its purchase requests," he said. He continued: "As long as the purchase requests for the dollar are met through the platform, there will be no reason for the merchant to sell in dollars, and we hope that the sale will be in dinars only because it is the currency of the country, and secondly, there is no reason to stick to a certain price, because the dollar is available to those who request it, such as the merchant, those who need to travel for treatment, the traveler and the student who studies abroad."
    3 points
  30. Odd isn't it...GOI sailed through the first two reading in a breeze, then all the sudden the 3rd reading is dragging out, forever.
    3 points
  31. Actually, I believe that most of us who understand what gender they truly are, fear the crazy insane and demonic controlled FEW who don't know what the word GENDER means.
    3 points
  32. The USG is majorly corrupt....top to bottom... How is it a Congressman comes to DC for $177,000 a year...(a non livable wage in DC)...and years later they are worth tens of $millions$... The fall of America is in process.....it may be too late to save her..... CL
    3 points
  33. =0.00076336+( 0.00076336 x 1.5 ) =0.00076336+0.00114504 =0.00191 USD delete 3 zeros =1.91USD. That means 1 dinar=1.91 USD.
    3 points
  34. Luigi's Take... Luigi believe Iraq don't need this RV-RI right away so GOI can stall with the economic reform. As long as oil prices stay where they are, there's no sudden urgency. CBI now has close to $130 Billion in foreign reserves, mostly USD. Their own Treasury is busting at the seams with oil profits. Investors are coming in to Iraq & deals are being made. WB & IMF have been coaching & training the CBI to come up to international standards. With all this prosperity...who needs an RV-RI, anyways? We may have to wait until oil drops to $15 a barrel to motivate Iraq into something good. That ain't going to happen unless there's WWIII or a Global Great Depression. IMHO
    3 points
  35. Parliamentary Finance for Al Furat News: The budget will be passed without disagreement Time: 04/24/2023 13:21:42 Read: 1,378 times {Economic: Al Furat News} The Parliamentary Finance Committee stated today, Monday, that there are no disagreements over the budget, while pointing out that it will take all measures. Jamal Cougar, a member of the Parliamentary Finance Committee, told {Euphrates News}, “The Finance will use its full powers regarding the budget, by making reductions, transfers, amending paragraphs, and adding paragraphs, and that the committee will take all these measures.” He added, "The budget will be passed without disagreement." At the beginning of this month, the House of Representatives completed the first reading of the draft federal budget law for the Republic of Iraq for the fiscal years (2023, 2024, 2025), and the second reading of the budget took place last Sunday. From.. Raghad Dahham
    3 points
  36. Think Caddieman pulled that one outof the deep recesses of his arse!! Made him feel GREAT!!
    3 points
  37. Thanks Ron for always bringing the dinar rumors. Things have been getting really exciting these days. I would actually be surprised if this was not our time.
    3 points
  38. PB 31 38 42 46 64 PB 10 - 04-24-23 Back to Back "Jackpots" - Make it happen! Thank you Jesus!
    3 points
  39. what if they remove three zeros wouldnt that make it 1.5? not sure
    3 points
  40. i got most of mine at 3860
    3 points
  41. The whole world is going gold backed digital. Yesterday, Zimbabwe was the latest to announced their new Digital gold backed Z note.
    2 points
  42. MM 07 28 49 54 69 MB 24 - 04-25-23 PB 31 38 42 46 64 PB 10 - 04-26-23 Back to Back "Jackpots" - Make it happen! Thank you Jesus!
    2 points
  43. I agree💯 .0015 won't get me my new truck!
    2 points


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