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Showing content with the highest reputation on 07/13/2020 in all areas

  1. 13 points
    Ive been involved with the Dinar since 2010. Seen a lot of good men and women come and go. Seen a bunch of guru's spout off a lot of junk just to be heard. Ive had my share of strange happenings concerning this speculation. Quickly I was on my way to Sturgis back in 13, was out cleaning my bike from the days ride and this guy and his dog stopped to talk. He looks at me and says I See money coming to you in a GREAT BIG WAVE, like a tsunami. Never seen this guy in my life. This will be a windfall for us that are invested, make sure we do whats right. Take care of people,. Its coming quicker and sooner than we expect. Make sure to invest in people, they matter.
  2. 9 points
    Hey hey Happy Sundayyyy!!! There are so many things that I want to go over right now I barely know where to start! Perhaps "the basics" would be good. Or maybe the rate should be addressed. I'm also working through a "Post-RV - What To Expect And Do" article that will go in VIP this week. There are changes coming in the tax codes (for multiple countries), there are political situations that are extremely relevant and telling, and so much more is happening all at once right now! The "basics" are simple, and that's all anyone really needs to be able to sit back and wait. Iraq previously held one of the highest valued currencies in the world, and one day they will again. Although their country was knocked into the stone ages through a series of events that are now somewhat ancient history, Iraq still holds a majority of the black gold available on this planet. While the world runs on this stuff, and it will continue to do so, Iraq continues to hold an immensely powerful position. They suffered some extreme setbacks, but they did not lose their oil. This is a no-brainer to me - the value of Iraq's currency will rise again. The main holdup has been political. When Saddam was removed, the entire government basically collapsed, and the world lost faith in Iraq's ability to do... anything. The current situation is entirely different than the situation that dropped the value of the Dinar. In fact, the current situation is entirely different than that of Iraq even 5 years ago! We currently have a Prime Minister in place who is finally doing all the right things. I have affectionately named him "Kazzamie" because the progress he's made seems like a magic trick at times! The next crucial step to this journey, and this is a fundamental part of it, is the HCL. "HCL", or "Hydro Carbon Law", is the agreement necessary to furthering Iraq's regaining of wealth. Without the HCL in place, there is no financial agreement within Iraq, and it is more beneficial to the politicians to keep the rate low. Once the HCL is in place, it will be more beneficial to have a higher rate... and we are seeing a LOT of promising news on HCL right now. The rate - let's address that, because it's important. One of the most frustrating things about this adventure is the math. You know the saying "where there is smoke, there is fire"? This applies to all of the rumors you hear from the "date and rate" gurus. Sometimes they are misguided, sometimes they are mistaken, sometimes they are just plain "full of it", but all of the noise - the smoke - begins from a place of reality, and that place is the very real opportunity we have here. The value WILL go up. The question is, and always has been... How much, and when? Unfortunately, there is no way to know for sure. That's why this is called "speculation" instead of "guaranteed", just like "fishing" isn't called "catching". (We all know how many fish you catch if you never throw a line out!) What we CAN do is make reasonable guesses. We can form informed opinions. I have an opinion... this was published a while back, and the theory part still holds true. I may be updating my thoughts on the rate soon, but everything else is still solid. ============ There are plenty of theories on what the rate of the revalued Iraqi Dinar will be, and they honestly range from pennies to dollars… my friends, that is a HUGE difference in ROI if you hold several million Dinar! If the rate is several dollars, then your holdings could equal several million USD! If the rate is in the pennies, then your investment is potentially worth several tens of thousands of dollars… BIG swing there, right? I’m going to list a couple of speculated rates and the reasons behind them, then I’ll tell you what I think is most likely. Speculated rates and theories: Based on Kuwaiti Dinar. It’s been said that the rate must equal their neighboring Kuwaiti Dinar rate, which would put the Dinar at $3+. Many people speculate that the Iraqi’s are a prideful people, and it would be a slap in the face to have a revalued currency be less than Kuwaits. Based on "dropping the 0′s" It’s mentioned many times in the news that the 0′s could be dropped, which would mean one of two things: 1. The 0′s are dropped from the bills, which essentially puts most investors at a break even return. Nothing gained, nothing lost. 2. The 0′s are dropped from the exchange rate, which is currently .00086 (Dinars are worth about 1170 IQD per 1USD, or an exchange of .00086). This means your dinars are worth .86USD per Dinar – in other words, a 10,000 IQD note is exchanged for $8,600 minus spread and bank fees. (If you don’t understand the “spread”, or you think there will be no spread, PLEASE read my free Cash In Guide. It’s located here) Based on “equal to the USD” We see articles all the time that reference the US Dollar, stating that the CBI wants the IQD to be equal to the USD. An easy assumption is to simply RV at 1:1, making a 10,000IQD note worth $10,000. Based on “they can’t RV low or investors will buy too much!” Some people state they will not cash in for anything less than $1. They state that Iraq would be foolish to RV at a low rate, because then big money will come in and buy up a ton of Dinar before it can go higher. (This theory is wrong, FYI.) My Thoughts: Keep in mind that I’m trying to keep this as simple as possible. I am going to use hypothetical figures, and I’m going to make my point as quickly as possible… we all have better things to do than listen to me ramble on for days, right? I agree with a few of the speculations above. I think the Iraqi Dinar should have a higher value, and I think we are simply waiting on the HCL or Chapter 7(!!!) to be finalized… then it will be “GO” time! But my opinion of the rate goes a little deeper… it includes a “business sense analysis” that everyone might consider. Iraq is a business – and the business is natural reserves. Iraq holds a majority of the worlds natural gas and also black gold, also known as “oil”. When Iraq is released from Chapter 7 and the HCL has been settled, they will begin operating their business using the same principals any other successful company uses – the goals being profit, sustainability, and success! Did I mention profit? Yes indeed, friends! PROFIT. The most important concept to understand today is this: The CBI makes money on every auction, and they will continue to do so forever. When the Dinar changes value, the CBI buys it at a lower rate, and then sells it at a higher rate. The CBI will ALWAYS choose the path that makes them the most money. Keep that in mind as we continue with this thesis! (*** click here for a detailed explanation on how the CBI auctions work) Let’s move forward a few steps and talk about a ReValued dinar. I agree that a lower rate than Kuwait will be a blow to the ego’s of the Iraqis. I agree that it should be on par with the USD, or even higher. I agree that the rate WILL get there… eventually. When the Iraqi Dinar is ReValued to a higher rate, it will become more desirable to do business in Iraq. Many people will be less hesitant to sign contracts and invest in Iraq. The current Iraqi Stock Exchange (ISX) should see some major movement… and the CBI (Central Bank of Iraq) is going to make tons of money on the exchanges! I believe that Iraq can sustain a very stable currency at a rate of $3 or higher, but I don’t think they will immediately jump to that rate even if they ultimately desire it to be so. Here’s why: An instantaneous RV to $3.00 will create a ton of wealth – coincidentally, probably about the same amount of wealth that they lost when Saddam Hussein was taken out of power and the value of the Iraqi Dinar plummeted to mere pennies! What’s done is done, though, and we have to look at the situation for what it is today – not what it could have been or should have been. When the Dinar rises in value and people are ready to “Cash In”, there is only one place that will ultimately buy the Dinar: The CBI. Since they control the rate and they are the top of the chain, they can set their spread (the fees they charge for cashing in your Dinar) to any rate they want. I’m of the opinion that they will jack that rate up as high as possible in the beginning… and who’s going to say no? The CBI has a monopoly on this market and it is theirs to do with as they please. A normal foreign currency exchange carries a “spread” of 2-6%. This means if you exchange $1000 worth of a foreign currency, you can expect to receive approximately $940 after the spread is taken out. Those numbers in the middle aren’t important, the only important thing is what you walk away with. Since the CBI has complete control on the spread, which trickles down through every single banking institution that handles the Dinar, we are at their mercy. Don’t miss this next line: If the CBI won’t buy your dinar, then you will not be able to cash in. Take a hypothetical rate of $3. The CBI can (and probably will) put a hefty spread their buy price – I’ve heard it will be at least 25% if they RV high. This means they will sell the Dinar for $3, but they will buy it for $2.25 Personally, I’d be grateful and overjoyed to see a 25% spread on a $3 RV! Most likely, we will only see about $2.00 per Dinar at a $3 RV by the time it gets in our hands (every party involved will take a little chunk, unless you are physically able to go to the CBI. And you can’t do that. So, just accept it – you’re going to pay a spread.) Once again, the extra numbers aren’t important right now – the only number that’s important is the $3 and the $2.25, because that’s what the CBI is worried about. Let’s say there is a billion USD worth of Dinar out there right now, or 1 trillion IQD. The CBI pays $2.25 for every $3 worth of Dinar, then resells it the next day for $3. That’s a profit of $75 billion just on the spread. Not bad, right? The problem is it cost them 225 billion to do that… and that 225 billion goes right into the “debt” column. My friends, Iraq isn’t about to go into debt so we can get rich. Therefore, a $3 RV isn’t the answer, and we must look at another possibility. Take a hypothetical rate of $0.10 (ten cents) Again, using the same numbers we have 1 Trillion IQD that needs to be changed out to smaller denominations. The CBI announces the rate at ten cents and also announces that your large notes will be worthless in 90 days. Every investor would love to hold out for a higher rate, but in this situation you have no choice… you cash out. The CBI will likely use the same spread, so they will buy 1 trillion Dinar at a rate of .10, minus 25% spread, which gives us about $750 for every 10,000IQD note we have… and the CBI makes 250 million in the first 90 days at an expense of only 1 billion. This puts their debt on this transaction at only 750 million… a far cry from the 225 billion in the $3 RV!!! However, this is only the first step. Now I’ll show you how Iraq can easily wipe that debt out by ReValuing the Dinar at a lower rate initially, then making money as the Dinar increases in value over a relatively short period of time. What about all the other investors that will now come in to buy up the lower denomination notes, speculating that the Dinar will continue to rise? I completely agree that this will happen! And the CBI will continue to make money on it. In the above situation, the Dinar is being sold by the CBI at .10USD per 1IQD. After all of the large notes are brought in, it is reasonable to assume twice as much money will be poured back into Dinar by speculators, at .10. Now the CBI is able to sell 2 billion at 10 cents, and they can move the peg on the Dinar up a bit – say, to 15 cents. Investors will cash in for a profit, allowing the CBI to resell at the higher rate and once again make profit. Of course, not all investors will cash in at 15 cents. For the sake of argument, let’s say half of the investors sell out at that point. The CBI pays 0.1125USD per dinar (A profit of 12.5% for the investors!!!) and resells that billion for 15 cents – securing a profit of 375 million. The CBI’s “debt” on the original RV is now down to 375 million… do you see how this is working? The CBI is able to make up the “loss” on the original RV simply by continuing to hold auctions and allowing more and more people to profit on the increasing value. At this point, in our hypothetical situation of a 10 cent RV, the CBI has covered half of it’s loss with only one “repeg”. They can continue to profit all the way up to the final rate of $1, $2, $3, or higher – as long as investors are willing to buy the Dinar, they can keep moving it up. And the way things are going over there… why wouldn’t we keep buying? I know I plan on doing so! In conclusion, I want to caution everyone to be careful with this investment. As good as things look, we never know when some hairbrained Arab is going to pull the pin on a grenade or something silly like that. Only buy what you can afford to lose, and always consult a professional before making investment decisions. =========== // ============ The above was written years ago, and it all holds true to this day. When I originally wrote the above thesis on the rate, we were waiting for Chapter 7 and the HCL. Chapter 7 is done. HCL is next. The RV will be shortly after that, or it will happen simultaneously. Either way... we are closing in on the final day. Go HCL, Go Iraq, GO RRRRRVVVVVV!!!!! Happy Sunday, everyone! - Adam
  3. 9 points
    thanks yota ,i like seeing / reading anything banking progress here is some of the arab region currency values , iraq needs to kick it up a notch or two now 🤣 Bahraini Dinar (BHD) :1 BHD = 2.6 USD. Kuwait - Kuwaiti Dinar (KWD) : 1 KWD = 3.3 USD. Oman - Omani Rial (OMR) : 1 OMR = 2.6 USD. Qatar - Qatar Rial (QAR) : 1 QAR = 0.27 USD. Saudi Arabia - Saudi Riyal (SAR) : 1 SAR = 0.27 USD.
  4. 9 points
    And Don’t Forget That Kazemi Is Scheduled To Meet With President Trump At The White House Later This Month ! LINK He revealed the files of Al-Kazimi's upcoming visit to Washington 7/12/22020 13:31:56 Said adviser to the Prime Minister, Mustafa Al-Kazemi, that the Prime Minister’s upcoming visit to the United States will include several aspects, including security. "It is a visit that includes the development of all relations, including on the security side," Hisham Dawood told Al Furat News. He added, "Our relations with America are strategic, cultural, scientific, economic, agricultural, and there is no doubt on the security side, and this is normal because we have a common war against ISIS and military relations and we import weapons from them." It is expected that Prime Minister Mustafa Al-Kazemi will visit Washington, DC, in the next few days, during which he will head the Iraqi side in the second round of the strategic dialogue between the two countries.
  5. 8 points
    I appreciate your awareness, sir! I was just working through that portion of the strategy in the upcoming VIP post... I may suggest that strategy to the group. I may go a completely different way. It's certainly an option, but it's not something anyone should commit to yet. Nobody knows how this will shake out... we may want to cash out 20% and hold 80, which is the exact opposite of what you are considering. I'll be adding my perspective and reasons in VIP. I promise you it's been answered many times here, good sir! But I will do it again Answer: We don't know. Better answer: We can make a good guess, but it's best to consider the options as they are presented to us, which will be after the RV is announced. Most likely, we will have some options for depositing (and holding) as IQD. You may not want to do that, even if you do have that option. This is the exact reason there is a VIP section - so we can stay on top of these things and discuss them in real time, and not get hung up on details that can't be sorted (yet). Does that help? Post RV, definitely yes. At the moment, there is no need for a weekly conference call. Everything we would discuss is already in VIP, and if it's not, the best course of action is to start a new topic in VIP and let every VIP member benefit from it - not just those that make time for a Pre-RV conference call. Post RV - yes, there will be regular conference calls. I don't send an email every week after I post the "Weekly Update" - sometimes there isn't anything worth bugging you about. When I send an email, it's because something important happened, or sometimes it's just because I want you to know I still care and we are still here You do have a couple of extra options. 1. Subscribe to the specific forum section that you want to be notified about. Navigate to the section, then click this part: 2. Subscribe to any member in the same way. Navigate to their profile page and click this part: 2020 could be! That "meet" there, currently? I'd be wary about any groups that are currently meeting in person. The best and safest place to meet for all of your needs, news, etc is right here on DinarVets. I hope for the same. Very very low probability. Ahhhh I see what you are doing there! :tsktsk: I've explained my rate as much as I will at this time. Don't try to trick me into saying more! Please see my above comment to Sir Stetson. If you brought me a 5000 USD note, I would consider that "large". Happy to help, friend! THIS is the kind of stuff I'm talking about! HCL is coming. Here: LINK. "Capital gains" is not going to apply to this. I know some people disagree, and they are entitled to their (wrong) opinions, but I'm firm on a couple things here: 1. We aren't going to get away with Capital Gains. 2. .10 isn't $3, but I'll take .10 and increase it on the backside. 💥
  6. 8 points
    LINK Deputy: No agreement between Baghdad and Erbil will succeed without passing the oil law 14:30 - 12/07/2020 The deputy of the state of law, Kata al-Rikabi, affirmed on Sunday that no agreement could be implemented between Baghdad and Erbil without passing the oil and gas law, indicating that the controversial laws disrupted the political process in Iraq. Al-Rikabi said in a statement to "information" that "dozens of controversial laws between political forces, which have hindered the political and development process in Iraq because of the differences of the various parties." He added, "Any agreement between Baghdad and Erbil will never be successful without adopting the oil and gas law that has caused billions of dollars in waste." Al-Rikabi said, "Without approving controversial laws and activating the work of the Council, successive and accumulated crises in Iraq, especially with the Kurdistan region, have not been resolved."
  7. 7 points
    Thanks for the update Sir. where there’s smoke there’s 🔥 Go CBI Go HCL Go RV higher than $0.10
  8. 6 points
    Good Evening Dinar Vets, here's another opinion & comment by our Adam Montana that might be of interest to you. Remember, no one really knows what will happen, or when. They are simply stating their opinions based on what they perceive to be happening in Iraq. RON *** Adam Montana *** The rate - let's address that, because it's important...One of the most frustrating things about this adventure is the math... The value WILL go up. The question is, and always has been... How much, and when?... Unfortunately, there is no way to know for sure. That's why this is called "speculation" instead of "guaranteed", just like "fishing" isn't called "catching". (We all know how many fish you catch if you never throw a line out!) ...What we CAN do is make reasonable guesses. We can form informed opinions. ...I think the Iraqi Dinar should have a higher value, and I think we are simply waiting on the HCL...to be finalized… then it will be “GO” time! ...HCL is next. The RV will be shortly after that, or it will happen simultaneously. Either way... we are closing in on the final day. ... Go HCL, Go Iraq, GO RRRRRVVVVVV..!!! This was taken from another site that follows Adam's Opinions and posts snippets from them. His entire chat can be viewed at: (LINK) Adam Montana Weekly 12 July 2020
  9. 6 points
    I agree.... I've been on this investment since 2003........ I got someone... I know that told me the other day ..... that there was something big was coming.... crazy.... and amazing my way... and his told me lots of things that have happen to me in that last 3 years .... his been on point on everything...
  10. 6 points
    LINK Deputy: No agreement between Baghdad and Erbil will succeed without passing the oil law 14:30 - 12/07/2020 The deputy of the state of law, Kata al-Rikabi, affirmed on Sunday that no agreement could be implemented between Baghdad and Erbil without passing the oil and gas law, indicating that the controversial laws disrupted the political process in Iraq. Al-Rikabi said in a statement to "information" that "dozens of controversial laws between political forces, which have hindered the political and development process in Iraq because of the differences of the various parties." He added, "Any agreement between Baghdad and Erbil will never be successful without adopting the oil and gas law that has caused billions of dollars in waste." Al-Rikabi said, "Without approving controversial laws and activating the work of the Council, successive and accumulated crises in Iraq, especially with the Kurdistan region, have not been resolved."
  11. 6 points
  12. 5 points
  13. 5 points
    The central bank participates in the "Banna" platform for Arab payments Monday 13, July 2020 10:52 | EconomicalViews: 58 Baghdad / Nina / The Iraqi Central Bank announced today, Monday, in cooperation with the Arab Monetary Fund, a workshop for banks operating in Iraq to participate in the "structures" platform for Arab payments. The bank said in a statement: "This comes after the announcement of the launch of a platform for Arab payments of the regional institution for clearing and settlement of Arab payments, which is managed by the Arab Monetary Fund, and preparations are being made for this bank and a number of local banks for direct participation in the platform." The statement pointed out , that " the workshop will discuss the work of the proposed plans of banks and address the technical requirements and the steps required to ensure that facilitate linking them to see how the platform and the readiness of banks to it." He explained, "The Bani platform represents a multi-currency payment platform that provides clearing and settlement services in Arab currencies and international currencies that meet the eligibility requirements, to clear and settle inter-Arab financial transactions as well as financial transactions between Arab countries and the main trading partners of the Arab countries." He said: "The platform is designed to enable financial and banking institutions in the Arab region, including the central and commercial banks, to send and receive intra - payments throughout the Arab region and beyond are safe and reliable suitable for high and effective cost, as well as the platform built offering Participants will have modern payment solutions that comply with international standards, principles and international compliance requirements. " And, "The opportunities for economic and financial integration in the Arab region will contribute effectively to support investment links with the trading partners of Arab countries on various continents, and the platform will be available to all banks that meet the criteria and conditions for participation in them, in the forefront of which are standards and procedures for compliance aspects." / End 8
  14. 5 points
    Good Afternoon Dinar Vets, here's a new opinion & comment that might be of interest to you. Remember, no one really knows what will happen, or when. They are simply stating their opinions based on what they perceive to be happening in Iraq. RON *** Ray *** ...Major security operations were launched Saturday to secure the borders and stop the theft and corruption being controlled by Iran at the Mandali outlet. The port will be under the protection of Iraqi military forces...according to PM Al-Kadhimi during his visit there... Al-Kadhimi on Iraqi TV was saying the upcoming meeting with USA will help lead Iraq to international acceptance and all things there will be brought back to Parliament for agreement and a vote...The citizens are calling for a total dissolve of Parliament saying it costs a billion dollars a year on salaries that have not lead to help to the citizens on the streets. They are calling for early elections saying the deep state of Iranian-backed members in the Parliament already disagree with the meeting in Washington and will not agree to vote on anything, so to move forward Iraq has to dismantle the Parliament and do early election. It sounds like the Iraqi people want to kick some butt ... we get to do that in 114 days. RON
  15. 5 points
  16. 5 points
    Shafaq News / A close source to the Iraqi Prime Minister, Mustafa al-Kadhimi, revealed on Wednesday the date of the latter's visit to the United States The source, who preferred to remain anonymous, told Shafaq News agency that, "the prime minister will pay a visit to the United States of America, in July 24". During the visit, Al-Kadhimi will meet US President Donald Trump and other officials in the American administration, for the purpose of completing the strategic dialogue between Baghdad and Washington. Full Article: https://www.shafaaq.com/en/iraq-news/us-signing-an-agreement-with-iraq-is-conditional/
  17. 5 points
    According To That ‘Chubby Chasing‘ Stalker Frank ... It’s The Note That He’s Been Trying To Woo The Fat Lady Into Singing For Years !
  18. 4 points
    Uhhhh i thought many joined cause of me everyone loves a davis
  19. 4 points
    The Iraqi Central Bank discusses the plans of banks in preparation for linking it to a built platform The Central Bank of Iraq July 13, 2020 1:02 PM Direct: The Iraqi Central Bank discussed, on Monday, the banks' business plans to ensure that they are easily linked to a multi-currency structure platform. A statement by the bank stated that "the Central Bank of Iraq, in cooperation with the Arab Monetary Fund, organized a workshop for banks operating in Iraq to participate in the platform, this came after the announcement of the launch of a platform for Arab payments of the regional institution for clearing and settlement of Arab payments, which is managed by the Arab Monetary Fund and preparations are made for this The bank and a number of local banks to participate directly in the platform. " The statement added that "the workshop discussed the proposed banks 'business plans and touched on the technical requirements and the steps required to ensure facilitating their connection to the platform and to know the banks' readiness to do so." The "Bani" platform represents a multi-currency payment platform that provides clearing and settlement services in Arab currencies and international currencies that meet the eligibility requirements, to clearing and settling inter-Arab financial transactions as well as financial transactions between Arab countries and the main trading partners of Arab countries. It aims to enable financial and banking institutions in the Arab region, including central and commercial banks, to send and receive inter-payments in all parts of the Arab region and abroad in a safe and reliable manner at an appropriate cost and high efficiency, as well as a platform that provides to the participants modern payment solutions that are in line with the standards and principles International and international compliance requirements. And in the opportunities for economic and financial integration in the Arab region, it actively contributes to it to support investment links with the trading partners of Arab countries on various continents. The platform will be available to all banks that meet the criteria and conditions for participation in them, foremost among which are the standards and procedures for compliance aspects.
  20. 4 points
    The Central Bank participates in the "Bani" platform Economie 2020-07-13 | 03:06 477 views The Central Bank of Iraq announced, Monday, that it will organize and in cooperation with the Arab Monetary Fund this morning, a workshop for banks operating in Iraq to participate in the "structures" platform for Arab payments. The bank added in a statement that Alsumaria News received a copy of it, "This comes after the announcement of the launch of a platform for Arab payments of the regional institution for clearing and settlement of Arab payments, which is managed by the Arab Monetary Fund, and preparations are being made for this bank and a number of local banks to participate directly in the platform." . The statement pointed out , that " the workshop will discuss the work of the proposed plans of banks and address the technical requirements and the steps required to ensure that facilitate linking them to see how the platform and the readiness of banks to it." He explained that the "platform built represents a multi - currency payment platform provides clearing services and settlement currencies Arab and international currencies in which the eligibility requirements are available, for clearing and settlement of financial transactions intra - Arab as well as financial transactions between the Arab countries and trading partners presidents of Arab countries." He continued: " It also aims the platform to enable financial and banking institutions in the Arab region , including the central and commercial banks, to send and receive intra - payments throughout the Arab region and beyond are safe and reliable cost suitable for high and effectiveness, as well as the platform structures provided to participants Modern payment solutions that comply with international standards, principles and international compliance requirements. " Showed that, "In the economic and financial integration opportunities in the Arab region , it is where it effectively contributes to support investment ties with Arab countries in various continents trading partners. It will be the platform available to all banks that meet the criteria and conditions for participation, and in the forefront of standards and procedures Compliance aspects. "
  21. 4 points
    Central Bureau of Statistics: 1794 banking office in Iraq with a capital of 1.3 trillion dinars 2020-07-13 The Central Statistical Organization announced, on Monday, that the number of money transfer and exchange offices in Iraq amounted to 1794, with an investment capital of 1.3 trillion dinars. The agency affiliated to the Ministry of Planning said in a new statistic that was reviewed by Alsumaria News that “the total number of money transfer and exchange offices for the year 2018 amounted to 1794 offices and it has increased significantly from the year 2012 when it reached 825 offices,” noting that “the total value of the invested capital is 1.3 Trillion dinars. " He added that "the total number of workers in these offices amounted to 2882 workers" with and without pay ". The number of male employees constituted the highest percentage of the total number of employees, reaching 95.8% and females 4.2%." The agency noted that "the survey included provincesIraq Except for the province Kurdistan AndNineveh AndAnbarPointing out that "the statistic will provide accurate data on the activities of these companies and fulfill the requirements of national accounts."The Central Bank of Iraq And the beneficiaries. " https://www.alsumaria.tv/news/اقتصاد/351554/المركزي-للإحصاء-1794-مكتب-صيرفة-بالعراق-برأس-مال-1
  22. 4 points
    I don’t know about you but I can’t wait to go to Luke Arizona 😂 😆 like Arizona.
  23. 4 points
    First of all, Thanks Boss, your insight and intelligence is refreshing in today's world. But as I was reading your post something occurred to me that I don't know if anyone has brought up before. Though I imagine I missed it. I understand the importance of the HCL law and the fact that Iraqi sovereignty is imperative for any type of revaluation of the dinar. Otherwise how will anyone be able to cash in? What do you think of the possibility that Iraq could pass the Hydrocarbon Law and even receive their National Sovereignty under the so called pretext of darkness. Where know one even knows that it has happened. It's just seems to me that allowing this kind of news to break without some kind of control would create more chaos that good.
  24. 4 points
  25. 4 points
  26. 4 points
    Done - $20.00 - waiting 800 number to call in for exchange location.
  27. 3 points
    The Central Bank Will Participate In The "Beni" Platform For Arab Payments On July 13, 2020 The Independent / - The Central Bank of Iraq announced its participation in the "Beni" platform for Arab payments, stressing that the platform provides clearing and settlement services in Arab currencies and international currencies that meet the eligibility requirements. The bank said in a statement that the "Independent" received a copy of it today, Monday, that the Central Bank of Iraq and in cooperation with the Arab Monetary Fund will attend this morning a workshop for banks operating in Iraq to participate in the platform, and this comes after the announcement of the launch of a platform for Arab payments of the regional institution for clearing and settlement Arab payments, which is managed by the Arab Monetary Fund, and preparations are made for this bank and a number of local banks for direct participation in the platform. He added, "The workshop will discuss the proposed banks' business plans and touch on the technical requirements and the steps required to ensure that they are easily connected to the platform and to know the extent to which banks are ready for that." He noted, "The (structures) platform represents a multi-currency payment platform that provides clearing and settlement services in Arab currencies and international currencies that meet the eligibility requirements, to clear and settle inter-Arab financial transactions as well as financial transactions between Arab countries and the main trading partners of the Arab countries." The platform also aims, according to the statement, “to enable financial and banking institutions in the Arab region, including central and commercial banks, to send and receive inter-payments in all parts of the Arab region and outside in a safe and reliable manner at an appropriate cost and high efficiency, in addition to the platform that Beni provides to Participants are modern payment solutions that are in line with international standards, principles and international compliance requirements, and in the opportunities for economic and financial integration in the Arab region, they contribute effectively to supporting investment links with the trading partners of Arab countries on various continents. He added, "The platform will be available to all banks that meet the criteria and conditions for participation in them, foremost among which are the standards and procedures for compliance aspects."
  28. 3 points
    Ooh I like where all this is heading Adam! Thanks for the post and follow up. I appreciate your conservative approach, although I hope your wrong in the rate 😂
  29. 3 points
  30. 3 points
    Good morning Yota, and, wow!!!!! this is BIG. I could be wrong, but I think this could be the beginning
  31. 3 points
  32. 3 points
  33. 3 points
    Are these folks SERIOUS?? They haven't met in nearly a month. Pages of bills pending that need action and have been on hold for YEARS. Citizens demanding new elections as soon as possible, so this is an election year. And these fat cats are worried about their cell phones and electric for their air conditioners??? Im sending in the US military and Thug for some @ss kicking !! They won't be sitting down with a size 24 platinum in their butts!
  34. 3 points
    Great point Thug. I believe you brought over an article a short while ago stating that GOI would move forward on that HCL in the near (?) future. We should also get some direction this week as I believe CBI director Alak is getting the boot on the 15th (Wednesday) and al Kazimi is off to meet the Trump-ster soon. All in all, a great week to shine up those platinum kicks !! Genius !!
  35. 3 points
    Tell Me U Didn’t Just Say ‘Schmoolie’ !
  36. 3 points
    C’mon Iraq - Hurry Up And Raise The Value Of Ur Damn Currency ! Ur No Longer Gonna Be Able To Sponge Off Of Ur Neighbors ... LINK Kuwait needs to borrow 65 billion dollars to finance the budget deficit 18:19 - 12/07/2020 Kuwaiti parliamentarian Safaa al-Hashem said the government has asked to be allowed to borrow 20 billion dinars (65 billion dollars) over thirty years, including 8 billion to finance the current budget deficit. Al-Hashem, who heads the Finance and Economic Committee in the Kuwaiti parliament, came after a meeting with government officials from the Ministry of Finance and the General Investment Authority. She said in Parliament: "The Public Debt Law ... you are requesting 20 billion (dinars) for the next thirty years, eight billion out of twenty to pay the current budget deficit," addressed her words to the prime minister who was not present. It should be noted that the Kuwaiti MP, Adnan Abdul Samad, revealed a few days ago that there is a consensus with the Kuwaiti Ministry of Finance to reduce the budget submitted to the National Assembly (Parliament) by 20%.
  37. 3 points
    And Not That The Iraqi’s Have Ever Paid Attention To A So Called ‘Deadline’ - To Them, I’m Not Even Sure If It’s Even Viewed As A ‘Suggestion’... But This Wednesday Is July 15th When The CBI Governor’s Extension Is ‘Supposedly’ Up ... So We’ll See If Anything Occurs This Week With That ...
  38. 3 points
    💥💥So many exciting developments!! Adam you truly are an incredible resource to all who choose to take advantage of what you offer and to those who don't as well!! Thank you!! ✈ OGIT🛩 Where can I find the latest on OGIT? Any changes in OGIT strategy due to covid? New laws? Better options? Better drinks in the OGIT charter flights?? Thanks!!
  39. 3 points
    Nothing better than a Golden " Goose " . . . in the Bank Account ! Could've said - Nothing better than a Golden " Goose " . . . in the Butt ! Well, that would be just bad manners.
  40. 3 points
    Very sorry, LGD. I got carried away and thought you were referring to me because I disagree with Synopsis' and your views on this virus. I'm "pretty hot under the collar" these days when it comes to these kinds of discussions, since my "Father's Day" run-in with the woman who tested positive. Still waiting for some results for testing for my family and me. I am not one to make light of this situation and say "nothing to worry about" when so many people in Florida (where I live) are being severely effected by the virus. Again, sorry I misunderstood your post, and thought it was directed at me.
  41. 3 points
    Dude you are so far out there it’s damn scary. The far radical right will turn off many would be Trump voters. For that Synopsis I thank you far more than you can imagine! Keep on keeping on brother! 😷
  42. 3 points
    Gold is sitting at 1800, that is a Resistance level. I believe we are headed higher Silver at 19.16 Oil down on lower demand due to jump in CV Infection rates over the last several days in Florida, Texas, and other. Southern States and some out West Luke Arizona and California.
  43. 3 points
    What does delaying employee salaries mean for the coming months? .. A new statement from the Finance Committee 2020.07.12 - 08:36 Baghdad - people The decision of the Parliamentary Finance Committee, Ahmed Al-Saffar, announced today, Sunday, the amount of money provided by the internal borrowing law. Al-Saffar said in a statement to the official newspaper, followed by "Nass" (July 12, 2020), "We call for the government to pay salaries on time, especially that there is liquidity estimated at 8 trillion dinars provided from the internal loan", noting that "any delay In the distribution of salaries during the next three months, it is considered an administrative and technical failure. Al-Saffar added, "Salaries are generally a contractual issue during which employees are obligated to fulfill their duties in exchange for their salaries to be spent on time by the government, and we hope that the Ministry of Finance will perform its duty and distribute the salaries of the current month of July before Eid al-Adha." Al-Saffar pointed out that "the legislative authority has fulfilled its duty, and the government has only to release salaries on the specified dates that are usually on the twenty-fifth of every month, or according to the timing of each government department." He stressed, "What happened from the delay in the payment of salaries was outside the will of the state, and the issue was not intended and occurred because of the financial and health crisis whose effects are still clear and the lack of liquidity, but these reasons were dispensed after the vote was taken." And the decision of the Parliamentary Finance Committee, that "all indicators confirm that the situation is moving towards improvement, especially since the price of a barrel of oil today has reached 43 dollars, and this crisis will not recur." Member of the Parliamentary Finance Committee Adnan Al-Zorfi confirmed, earlier, that there is a clause in the borrowing law that obliges the government to take the fingerprints of all employees and issue a barometric card showing their true number. "The fingerprints of the employees intersect in the fingerprint engine, which in turn will reveal whether the employee receives more than one salary," Al-Zrafi said in a statement to the official agency, followed by "NAS" (July 9, 2020). He added, "The Finance Committee will not be an audit of names, rather it will draw up a strategy and obligate the state to implement it," noting that "the committee has written to the Executive Authority to enact the law, and that it is awaiting transfer to the sectoral authorities for implementation by the competent authorities." Al-Zorfi affirmed, "The inclusion of all ministries and agencies with a count of the number of employees, their job addresses and their financial entitlements," noting that "this strategy is a serious attempt to limit the number of employees to one government program that is subject to the supervision of the competent sectors, such as the Federal Service Council in the Ministry of Finance and the Ministry of Planning," indicating that "According to this system, ministries begin to study the number of employees, the need for them, their movements and their financial allocations, in all governorates, including the provinces of the Kurdistan Region.
  44. 3 points
    What a wonderful and well thought-out post Adam, this is why your the only Dinar Site owner I've ever listened too!!! 👍👍👍 Thank you!!!
  45. 3 points
    LINK The Kurdistan Nationalist: changing the Kurdish government has become a popular demand in Kurdistan 16:46 - 12/07/2020 Member of the Media Office of the Patriotic Union of Kurdistan, Karwan Anwar, confirmed on Sunday that the Kurdish public is convinced of the need to change its government as a result of successive crises in the Kurdistan region. That Anwar said to the "information" that "the ongoing crises and their economic, health and financial intensification have negatively affected the lives of citizens, especially employees in the Kurdistan region",considering that "changing the government and parliament has become a public demand because of poor economic conditions." He added, "The Kurdish street has become satisfied with any solution that could take it from its miserable and bad reality in the Kurdistan region," stressing that "any political or electoral step would reduce the suffering of the citizen, as the street is with it."
  46. 3 points
    LINK Will Parliament discuss the infrastructure law postponed for 7 years? 12th July 2020 The House of Services and Reconstruction Committee expected to re-launch the "Infrastructure" Law, which was expected to be passed in 2013, but political will prevented it "This law is one of the laws that were not legislated despite its importance, which deals with 37 billion dollars allocated at the time to areas of infrastructure and strategy such as water, sewage, roads and railways,"committee member Abbas Al-Atafi said in a statement reported by the official Al-Sabah newspaper and seen by Al-Iqtisad News. Iron, telecommunications, education, health, and other sectors are urgently needed by the citizen, and it is possible to accelerate the issue of providing services to the general public, as they are most in need at the present time He added that "a committee was formed at the time and put amendments to this law; the most prominent of which is the review of contracts by four international companies that do not have a bias for any political party, in order to diagnose the defect in its presence, in addition to that this law will focus on large strategic projects such as housing complexes and schools. And hospitals because they benefit the citizens, away from the small projects that constitute large numbers in the budget without success And on the guarantees, Al-Atafi explained, “A new article can be included that stipulates that the Ministry of Finance approves all debts and guarantees due to the state in accordance with paragraph 6 of Section 10 of the Financial Management and Public Debt Law No. 95 of 2004, and that projects implemented by companies Its sums are paid after two years have passed, and the foreign companies that will check contracts and implement projects are not the same ones that operate at home, there can be no room for corruption and therefore it will be eliminated and we will achieve important projects for the citizen, and it will not be on competitive bases to get rid of all the problems that they live in. Reciprocating companies inside Iraq He attributed the reason for not approving the law to "the presence of a parliamentary fear of the issue of deferred payment that permeates the infrastructure law, claiming that the country will then be burdened with debts", stressing that "a country like Iraq cannot be so because of its oil and other mineral wealth that is still buried." Under the ground, and although it is still ruled by debts of some countries, it is in his interest to pass this law He continued that "the projects of this law will focus on three main sectors (housing, building schools, hospitals, and health centers) in all regions of Iraq," noting that "interest in these sectors cannot have any parliamentary, technical or political dispute. He explained that "the law will shorten 5-7 years of Iraq’s life in one year," pointing out that "the advancement of the electricity sector will be outside this law and the amounts allocated for services, given that there ..is special monitoring for the subject of electricity carried out by the ministry and supervisors of the energy sector in the country
  47. 3 points
    Ok ok ok i got the hidden message i am at the bank first in line got my tent and 1 hot dog thanks as always
  48. 3 points
    God’s Morning to Y’all Thank you Adam. I loved your explanation and it was easy to understand. (I used to zone out in class....) GO SCHMOOLIE LOVE, LIGHT, BLESSINGS, AND PRAYERS
  49. 3 points
    Virus is not a hoax. It is a real virus. The hoax that is being played on the American people is the severity of it and an excuse to force the shutdown of a strong economy. If masks are so efficient in stopping the spread why are we not told to wear one to prevent the flu from being spread? I would be willing to bet dollars to donuts that most of those death are the elderly who had compromised health issues already. Yes, going to a Covid party is nuts. Play stupid games, win stupid prizes.
  50. 3 points
    I only have one comment for this thread. There is only one A Team and Judy and Bruce aren’t on it.


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