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Showing content with the highest reputation on 05/02/2023 in all areas

  1. After 25 years , the news gets good , better and bestest ever !. Many of us have become jaded in this investment , yet still believing and hanging on , like you believe it but don't believe it. It appears that the writing is truly on the wall now . Prepare thy selves , you crazy diamonds, and shine on !
    11 points
  2. Openness to the financial world 🌎 Go CBI Go new monetary policy Go international Go Stronger Dinar $1+
    9 points
  3. love the positivity power on! ignore the rest!
    7 points
  4. 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 Article: "SUDANESE ADVISOR: THE OFFICIAL AND PARALLEL EXCHANGE RATES MATCH DEPENDS ON THIS MATTER" I believe this is part of the process to the RV and reinstatement. My CBI contact has told me a couple times now that they must get the rate within the range necessary. The official rate and parallel market rates must match with only a small variance allowed and I quote – “If the difference between them is 2%, then it is considered a match.”
    7 points
  5. Or ???....49 ÷ 88 = .55 USD... Either is fine with Me
    6 points
  6. 88 Billions ÷ 49 Billions= 1.79 USD per Share.... Please be True in the Future with the Exchange Rate
    6 points
  7. If it contracted rates, it doesn't really matter, as along as the value remains from the contract rate. As example if one agrees to be paid $100,000 dinars a week, which they receive 4 $25,000 notes, if the dinar increase in value and now they only get 1 $25,0000 note for the same contract rates.
    6 points
  8. Okay, okay...we all know how terrible these folks are at adhering to deadlines. 20 years of deadlines come and go: someone calls a Mulligan and it's " alrighty then everyone deadline extended another 10 days, I move to adjourn the meeting and reconvene in 5 Days." I will honestly be shocked & awed (takes a lot for that to happen to a guy who's been through 2 armed conflicts & an ugly divorce), if they pull this off according to schedule.
    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 Militia Man Financial inclusion is starting tomorrow. How long is it going to take...they said about a week...Banks are going to be reviewing banking services to customers, the use of electronic banking tools, point of sale devices which could include ATMs and the culture of electronic payments...the government seeks to generalize the experience to all public and private sector institutions...they're basically saying if you want your new value...you're going to have to have bank accounts. You're going to have to do it electronically and you're probably going to have to do it whether you like it or not... Frank26 [Iraq boots-on-the-ground report] FIREFLY: They said the CBI tomorrow launches a new campaign... making more services available to citizens like electronic payments, new bank accounts, open loans, new cards etc...all things to reduce cash...The governor announced all payments of salaries to foreign workers inside of Iraq will be done in dinars, plus all taxes and insurances must be paid in from now on in dinars. FRANK: The national currency is about to come out and the new exchange rate. All of these things have to be set up now. You can't introduce a new exchange rate and new currency [without these things being done first] ...this is the definition of your monetary reform education...
    5 points
  10. There are so many unknowns. It is apparent that the powers be, are using a different playbook and the normal (historical) progression to increased value of the IQD is anyones guess (maybe I’m wrong, just my .02). I believe that everything is geopolitically connected and the IQD is no different. The most encouraging thing I hear and what we continue to hear is Iraqi leadership continues to tell the public that they need to hold on to their IQD because it is going to be worthy of owning, just be patient. So In a perfect world this would be great news. Yay!!!! Big brother watching out for the citizenry. On one hand, I want to believe they have good intentions, but part of me believes this is just more smoke and mirrors and they are trying to pacify until something good shakes out. I hope I’m wrong and they know exactly what good is coming!
    5 points
  11. I wonder if they actually know what a deadline is? In my 12 years of being in this they haven't met one deadline.
    5 points
  12. i am still hearing june for full move back to gold...what eles ethat means not sure....also same time for scare event, collapse and reset...treasury will be fully drained in 6 week so default
    5 points
  13. 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 ... especially if it comes from Mark ... RON MarkZ Many of us believe the budget and HCL is done…just needing to be announced with the new rate…many of us are hearing this from on the ground contacts in Iraq. It was expected they would announce this over the weekend in Iraq…but they have not yet. The IMF is showing the special drawing rights (SDR) of the Iraqi dinar... Saying a Nominal effective exchange rate (NEER) and there is already a float going on…[Post 1 of 2] MarkZ It appears they have made a massive change on how they are paying people internationally. It looks like 1 USD only buys 151 dinars [Where in the world did you get this absurd information - nothing of the sort has been released at any level. RON ] which would be a massive change in value over the weekend. Although they have not yet announced a price change. And it is not yet on forex…It’s a crazy thing-what they are doing. Based on this I am expecting huge movement at any moment. I have friends that are contractors over there and they used to get paid in US dollars. Now they are only paid in dinar…. We are really close. [Post 2 of 2] Pimpy There seems to be a lot of stalling happening when it comes to the budget and I'm wondering if they're just waiting to see what the United States is going to do as far as the Central Bank Digital Currency is concerned. Are they just waiting for the United States to move into the CBDC? Because if they're supposed to be the currency that they use then guess who else has to go into the CBDC's. Everybody else over there... Frank26 They [The Iraqi citizens] know. They're drilling it [that change is coming to the dinar] into them everyday, hour after hour, commercial after commercial. It cannot fail with the Iraqi citizens.
    5 points
  14. Here's an article from Dinarland... No Ifs, Ands Or Buts... A deadline has been set to resolve the Budget. Treat as a rumor. Not verified. Your opine. Clare: A Deadline Has Been Set To Resolve The Budget. ARTICLE: “In the presence of Al-Sudani and Al-Halbousi.. The state administration sets a date for resolving the budget discussions” Quote: “May 10, 2023 as the last resort to resolve discussions on budget items…The meeting was attended by the Prime Minister, Speaker of Parliament & all leaders of the coalition.” MarkZ via PDK: Drop Dead Date. Article: ”The State Administration sets a deadline of 10 days for resolving discussions on the Budget” If they are putting this out this means they are way ahead of that timeline now…. They put out dates to keep the timing cloudy. Question: Do you expect a new rate inside the budget? MarkZ answer: I expect to see it about the same time…. HCL needs that rate. (The Hydrocarbon law)
    4 points
  15. Nothing is happening now or the rest of the year! All made up BS! Sorry for the bad news . These people are POS! Bottom Line!
    4 points
  16. The Bidens... Just a bunch of low lives.... 9 family members (at minimum) on the family foreign gravy train....no qualifications... no reason at all... Crack head Hunter has a love child....a 4 year old daughter...a Court had to force him to take a paternity test which proved the child was his. No one in the family acknowledges this little girl as a BIden... the Mother has petitioned the Court for a change of last name.... why I don't know? The Bidens are fighting it... So does this tell you anything about the character of the Biden family?......it should... CL
    4 points
  17. Have no trust in the US government. Fake election...fake president...fake economy...fake promises & hope. The only thing not fake...the looming US bankruptcy...the mushrooming national debt...OBiden shitting his pants.
    4 points
  18. The State Administration Alliance sets only 10 days to end discussions on the 2023 budget money and business Economy News / Baghdad The State Administration Alliance stressed, on Monday, the need to resolve discussions related to the 2023 budget before the middle of this month. A coalition statement stated that "the periodic meeting of the State Administration Coalition was held today with the participation of coalition leaders hosted by Khamis al-Khanjar, and the participants discussed the governmental and parliamentary files, service, economic, security and political files." The coalition drew attention to "the importance of approving the federal budget and launching government projects and programs, and the coalition announced on 10-5-2023 as a last resort to resolve discussions on budget items." The participants affirmed their "commitment to the date of the local elections at the end of this year." They also discussed "the terms of the political agreement and exerting maximum efforts to implement the government program and the ministerial platform." The statement referred to the presence of "the Prime Minister, the Speaker of the House of Representatives and all the leaders of the coalition." Views 22 Added 05/01/2023 - 3:04 PM
    4 points
  19. The Countdown just like in a space launch: more exciting than I expected. Getting butterflies in my tummy already...or is that gas from last night's chili ? I find out here in a minute.😎
    3 points
  20. How many other times did they issue drop dead dates, in past to resolve & nothing ever happened.
    3 points
  21. From WRAL-TV; Winning Powerball Numbers Monday, May 1, 2023 03 38 55 61 66 PB 01 Power Player 3X Congratulations 429! You matched tonight's powerball plus one! Sorry; We had no other winning matches tonight.
    3 points
  22. Well, she is keeping busy while waiting for the RV.
    3 points
  23. Thank You, @yota691, for your sanity in the sea of ignorance!!!
    3 points
  24. https://www.msn.com/en-us/money/markets/the-air-has-come-out-of-the-dollar/ar-AA1aAcaR The U.S. economy no longer looks so exceptional. That is bad news for the dollar. The greenback has fallen about 8.3% from a peak in September, as tracked by the WSJ Dollar Index, and is experiencing its worst start to the year since 2018. Investors are betting the U.S. currency has further to fall as the Federal Reserve nears the end of its most aggressive program of interest-rate increases since the 1980s. Also weighing on the dollar: concerns over the banking system, a potential U.S. debt default and expectations, shared by many economists, that the U.S. will slip into recession in the coming months. Fed tightening spurred a historic rally in the dollar last year that sent it to multidecade highs against currencies such as the euro and the yen. The dollar began weakening in the fall, held its ground in the new year as inflation proved more stubborn than expected, and has resumed its downdraft in the past two months. The Fed is expected this week to deliver its last quarter-point rate increase before hitting pause on policy tightening. That would put the Fed at odds with other major central banks, including in the eurozone and the U.K., which reopened from pandemic lockdowns later than the U.S. and are now seeing stickier inflation. “The U.S. is coming out of a period of extraordinary outperformance. Other countries are starting to catch up,” said Nick Wall, head of global foreign-exchange strategy at J.P. Morgan Asset Management. A weaker dollar is typically good news for the global economy. It lowers the cost of servicing or repaying dollar debt for foreign companies and governments, boosts the value of overseas earnings by U.S. multinationals and can bolster global trade, because goods priced in dollars become more affordable to international buyers. “It’s a release valve for global growth,” said Mr. Wall. “Sixty percent of global liabilities are denominated in dollars; a lot of those are in emerging markets, and emerging markets are responsible for maybe two-thirds of global growth in the last decade.” Investors are betting the Fed will pivot to lowering borrowing costs by at least a quarter point by the end of the year, CME Group data shows. Meanwhile, market pricing suggests that investors expect the European Central Bank and the Bank of England to raise their key rates by more than half a percentage point by year-end. That divergence should help currencies such as the euro and British pound to keep gaining against the dollar, analysts say. Rate differentials are a crucial driver of currency markets, as higher rates draw investors in search of yield. One complication is that the dollar remains a favored asset in times of crisis. If a global recession became a real risk—if, for example, global banking strains worsened markedly—the greenback would likely rally, as happened in early 2020. Meanwhile, economic momentum is shifting. European growth is holding up unexpectedly well, as the region’s energy crisis has eased, while U.S. activity is slowing. China’s economy expanded by an unexpectedly large 4.5% in the first quarter from a year earlier. The International Monetary Fund expects the expansion in U.S. gross domestic product to slow to 1.1% next year and eurozone GDP to rise 1.4%, while it sees Chinese growth at 4.5%. “The dollar-exceptionalism story is weaker not just from the rates perspective, where rates may have peaked, inflation may have peaked well ahead of the eurozone and the rest of the world, but also from a growth perspective,” said Federico Cesarini, head of developed-market foreign exchange at Amundi Institute. Mr. Cesarini said rising European interest rates were a “regime shift” for the currency market that could lead to a multiyear dollar downturn. Investors have shunned European bonds since the ECB introduced negative rates in 2014. Now, they are coming home. “This is really just the beginning,” he said. “I strongly believe a lot of capital from eurozone guys will have to be repatriated back.” He estimates that about 300 billion euros, equivalent to some $331 billion, has poured back into Europe since last June, mostly into European shares, and that flows could ultimately total about €2 trillion. Amundi forecasts a further 7% rise in the euro this year, to $1.18 from $1.10. Hedge-fund managers have been adding to bets against the dollar, which rose to around $12.2 billion as of April 25, according to a Scotiabank analysis of Commodity Futures Trading Commission data. Among those is Stanley Druckenmiller, who said last week that shorting the dollar is his only high-conviction trade. “The one area I feel reasonably comfortable in is, I’m short the U.S. dollar,” Mr. Druckenmiller said at an investment conference hosted by Norway’s sovereign-wealth fund. “Currency trends tend to run at least two or three years. We had a long one here, over $10 trillion came into the U.S. dollar during the previous decade.” Some say an almost decadelong run-up has left the dollar heavily overvalued. Goldman Sachs Group Inc. analysts estimate that the currency is between 5% and 15% above its fair value, while other currencies such as the yen, South Africa’s rand and Norway’s krone are sharply undervalued. History suggests dollar weakness could prove short-lived. In the Fed’s past four rate cycles, the dollar typically weakened or traded flat for three to four months after the final rate increase, before eventually resuming its strengthening, JPMorgan Chase & Co. strategists found. “When you look at the long-term trends, I continue to be relatively favorable on the dollar,” said Joseph Lewis, head of corporate hedging at Jefferies. “Big picture, the U.S. still has this dynamic environment that is drawing capital flows.” Write to Chelsey Dulaney at chelsey.dulaney@wsj.com
    3 points
  25. Pictures.. The Khanjar house hosts a meeting of the state administration and 3 files on its table 2023-05-01 07:48 Shafaq News/ On Monday, the "State Administration" coalition, which forms the government of Prime Minister Muhammad Shi'a al-Sudani, held a meeting at the house of the head of the "Sovereignty" coalition, Khamis al-Khanjar. The meeting was attended by the Prime Minister, the Speaker of Parliament and all coalition leaders, according to a statement received by Shafaq News Agency. The participants discussed the governmental and parliamentary files, service, economic, security and political files. The coalition stressed the importance of approving the federal budget and launching government projects and programs, and announced on May 10, 2023 as the last resort to resolve discussions on budget items. The participants affirmed their commitment to the local elections date at the end of this year. The participants also discussed the terms of the political agreement and exerting maximum efforts to implement the government program and the ministerial platform. The Iraqi parliament is preparing to vote on the draft general budget law for the three years (2023-2024-2025) after completing the first and second readings of the draft.
    3 points
  26. "State Administration" meets at Al-Khanjar's house and discusses 3 important files (photos) 14:56 2023-05-01 59 Policy 0 Today, Monday, the "State Administration" coalition, which forms the government of Prime Minister Muhammad Shia'a al-Sudani, held a meeting at the home of the head of the "Sovereignty" coalition, Khamis al-Khanjar. A political source told Al-Mutala Agency, "The meeting discussed three important files, which are the political agreement paper, the general budget, and parliamentary work." The Iraqi parliament is preparing to vote on the draft general budget law for the three years (2023-2024-2025) after completing the first and second readings of the draft.
    3 points
  27. Expert: The Fed is preparing to crush the US economy Today 14:41 Information/Baghdad. Gramercy Funds Chairman Mohamed El-Erian told Bloomberg that the Federal Reserve will not be able to get US inflation rates to their 2% target without "crushing the economy." The economist made this argument because he believes the 2% target is "not the right target". "You need a stable higher inflation rate. 3 to 4%," El-Erian told Bloomberg Television. The comments come on the heels of recent consumer price data, which showed consumer prices rose 0.5% in January, the largest rise in three months. El-Erian also added that the Fed is "very data-driven," adding that "the Fed is right to take data into account, but you have to have a view of where you're going." El-Erian said the Fed's problem now is that it's stuck chasing an elusive 2% target and that "you can't change the inflation target when you've missed it in such a big way." Ended/25 h
    2 points
  28. Not to be negative because I like your positivity, I hope we'll see something this year. But I've prepared myself if we don't. I remember a few years back many of us thought it was Go Time & it wasn't. I do hope soon the citizens livelihoods are improved & us investors financial dreams come true!🤞🙏
    2 points
  29. Here's another article related to the above...CBI launches a new initiative...reducing hard cash through education... F26 via Iraq Boots-On-The-Ground Report via FIREFLY: They said the CBI tomorrow launches a new campaign… ARTICLE: CBI making more services available to citizens like electronic payments, new bank accounts, open loans, new cards etc…all things to reduce cash…The governor announced all payments of salaries to foreign workers inside of Iraq will be done in dinars, plus all taxes & insurances must be paid in from now on in Dinars. FRANK: The national currency is about to come out & the new exchange rate. All of these things have to be set up now. You can’t introduce a new exchange rate & a new currency without these things being done first…this is the definition of your monetary reform education…
    2 points
  30. The Central Bank of Iraq issues a clarification regarding the loans of its various initiatives May 01, 2023
    2 points
  31. I hope it's soon, getting tired of waiting.
    2 points
  32. The only thing this proves is that the only thing these politicians care about is lining their own pockets. They continue to allow maliki and his cronies to control things. The only way this is going to stop is to round each and every one of them up and put them in the deepest hole in the darkest prison and throw the key away.
    2 points
  33. 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 I get information just like everybody else in this [dinar community] realm - by education, by communication, by phone conversations, interviews. All this stuff goes into real-time data is that you interview the experts...people that are involved. Not all of it is in print. CANDYKISSES TODAY IS A HOLIDAY IN IRAQ...Article: "Iraq suspends official working hours on Monday on the occasion of Labor Day ... The Iraqi Prime Minister, Muhammad Shia'a Al-Sudani, directed the suspension of official working hours on Monday, May 1, coinciding with International Workers' Day."
    2 points
  34. 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 ... especially if it comes from Mark ... RON Frank26 Article: "Central: Payment of wages and salaries of foreign workers in Iraqi dinars" THE CBI SAYS TO THE INTERNATIONAL WORLD YOU CAN TRUST OUR NATIONAL CURRENCY & BECAUSE OF ARTICLE 8 WE CAN TRUST YOUR FOREIGN CURRENCY IN OUR COUNTRY. Deepwoodz ...We have a Shiite PM who was installed by the coordination framework/state of law Maliki coalition after they ran Sadr out of town...the fact that he is quiet now only means whatever made him leave is still in effect. Now we have a lot of promises, but do we really? Parallel rates? 1310? So they took a mile and are giving back an inch. No wonder Iran isn’t causing any more trouble. They don’t have to...All I want to know is why 1310..? Good points and a good Question Deepwoodz..!
    2 points


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