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  1. You’re correct DoD. I Agree with your comment , this was a directive from IMF-SBA years ago. Now is part of the White Papers reform project. ~ White Papers Axis 2: Achieving macroeconomic reforms according to strategic principles, giving priority to productive economic sectors, and creation of sustainable employment opportunities. 1- Rehabilitation of Financial sectors (a) Banking sector Objective: The reform of this sector aims to “reform government banks towards working according to commercial standards, reduce their hegemony over the banking sector and pave the way for private banks to ensure the development of the sector and take its role as a lever for the Iraqi economy, end the role of government banks as an arm to finance government spending, return to the independence of these banks from the Ministry of Finance and restore people's confidence in the sector Banking in general”, through the following steps 1) Addressing the level of capital of all government banks and organizing the process of increasing their capital, if necessary 2) Establishing and activating the basic banking system in the Rafidain and Rasheed banks, and continuing with the steps previously taken towards restructuring these two banks after conducting a full financial review by international auditing companies 3) Appointing an international law firm to conduct a full audit of the international legal position of Al-Rafidain and Rasheed banks in order to return them to international dealings 4) Reconsidering the Industrial Bank Law and increasing its capital in order to expand its business base and present it as a model for reforming other government banks 5) Accelerate the development of electronic banking and mobile banking services to become the primary means of the payments system to encourage more access to traditional banking services and enhance financial inclusion. 6) Strengthening the ability of the Central Bank to perform its supervisory functions and enabling it to effectively supervise and regulate the banking sector, including the power of forced merger of low-performing banks 7) Implementing a deposit insurance system in order to enhance the confidence of depositors in the private banking sector 8- Complete the application of international accounting systems in all banks to improve their transparency practices and according to the Central Bank's instructions in this regard 9) Providing an appropriate environment to encourage private banks to lend a stimulus to the economy and move away from focusing on generating revenues through the issuance of guarantees, the currency window and other fees. 10) Adopting market mechanisms in determining the interest rate and profits for the Iraqi financial markets. Iraq continues moving forward on their quest to an open market economy. Go White Papers Go reforms Go development Go growth Go RV
    22 points
  2. Good morning Yota, thank you sir 🙏 The Possibility Of Adjusting The Exchange Rate Of The Dollar Against The Iraqi Dinar, Saleh Said, “Adjusting The Exchange Rate Is One Of The Actions Of Monetary Policy In Achieving Stability, Targeting Inflation And Limiting Its Heights Under The Effective Central Bank Law,” This has been the plan all along "The exchange rate is one of the actions of monetary policy" This will bring prosperity to its citizen, and, bring Iraq to the world stage and make them a global competitor. Keep the faith DV, its getting serious
    21 points
  3. Good morning everyone! Small maintenance update performed this morning, please report any issues here. "No RV text yet" is not a maintenance issue, FYI. I'll be doing a dinar update in the coming week - waiting on confirmation of a few things that have been brewing for a bit now. Some of you will be able to guess what it is, based on recent news. That's the only tip I'm giving in this post. GOOOO RRRRVVVVVVVV!!!!!!
    21 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. More Al-Sadr references, and perspectives... RON ** Newshound Militiaman On the day of election results we see that Sadr is saying... "We will work to raise the Iraqi dinar to be in the ranks of global currencies gradually,"' I am not sure what his definition of gradual is but, Article 8 is fully international, therefore, at the starting gate there needs to be a beginning. Going international at 1460 imo is not in the cards. Sadr is not the financial expert in charge of changing the exchange rate. The CBI is and will be. imo. Regardless, change is coming... ** Newshound Kaperoni Looks like the Sadrist bloc (Al-Sadr) will be the majority from the elections. They will have the right to choose the next prime minister. Since he does not get along with Al-Maliki we can assume it will not be him or anyone from his party. As for current prime minister Al-Kazemi, he may very well put himself in position for tenure as prime minister and to achieve his economic agenda. ** Newshound Pimpy I'm glad this election is over. As you can see the rate didn't change...people spreading rumors about how the rates gonna change on the day of the election although that would probably be a real sneaky tactic...What is the next benchmark here? Oh yeah the 17th. That's the other one everybody is talking about. We will see. Hang tight. Like I said it won't necessarily be an RI or RV. We're going to see it jump up in increments. As long as the economy continues to grow in strength, the private sector is being built, they're not relying so much on oil, there's a lot of factors. So far so good. I'm happy and I'm curious to see who won... ** Vital Brad's Dad There's probably 5 people or less that have any kind of indication as to when it may actually fly. And there may still be things we don't know of that have to be put into place either in Iraq laws/governments/whatever before it can actually go...There may still be things out there that need to be done that we don't know about...but again, turn around and it could happen on the 17th... ** Intel/Newshound Mnt Goat Article: "AL-SADR: WE WILL WORK TO RAISE THE LEVEL OF THE IRAQI DINAR" ...Could the news get any better? Yes, they are coming right out now and telling us now that they fully intend to go international (FOREX). I quote from the article above – “The people’s oil is for the people, and we will improve the dinar to be in the ranks of international currencies gradually and activate the role of clans to support the stability of Iraq”... That's All Folks ... Blessings ... RON
    19 points
  5. Al-Kazemi's Financial Advisor Talks About Changing The Exchange Rate Author: Ahad7 On 10/18/2021 - 8:29 PM 3,528 The Financial Advisor To The Prime Minister, Mazhar Muhammad Salih, Confirmed Today, Monday, That The Financial Surplus From The Rise In Oil Prices Will Cover Three Important Axes, Including Filling The Expected Deficit In The Current Year's Budget. Saleh Said, "The Financial Surpluses Achieved From The Rise In Oil Prices And Their Reaching $75 Per Barrel Will Cover At Least Three Axes," Noting That "The First Axis Is Covering The Planned Deficit In The General Budget For The Year 2021, Which Amounts To 29 Trillion Dinars, While The Second Axis Is Related To Covering The Real Additional Deficit Gap Of Less Than 10 Trillion Dinars, Which Is Caused By The Failure To Estimate Non-Oil Revenues, Which Achieve Only 40% Of Their Estimated Or Planned Estimates In The Budget, Which Unfortunately Causes Pressure On The Planned Annual Spending And Its Ceilings, Which Is Caused By The Failure Of The Financial Collection Institutions In The Country. He Added, "The Third Axis Goes Towards Supporting Faltering Projects Whose Operation Is Intended To Continue, And For Which Many Business Contractors Demand An Amendment Of Implementation Costs (Spare Parts) Due To The Exchange Rate Change Before The Initial Contract Or Other Changes In The Operating Costs Of Ongoing Projects," Noting That "The Disposition Of With Financial Surpluses, It Is Not Easy Due To The Many Restrictions And Obligations Within The General Budget Itself, Including Postponing The Payment Of Many Of The Expenses That Are Payable And Were Not Spent In Previous Years.” He Pointed Out That "There Are Dozens Of Laws That Carry Financial Burdens That The Public Finances Are Unable To Implement The Resulting Increases, Even According To The Hypothesis Of Achieving An Annual Average Price Of A Barrel Of Oil Of $75 Compared To The Price Fixed In The Federal General Budget For The Year 2021 Of $45 A Barrel." . On The Extent Of The Possibility Of Adjusting The Exchange Rate Of The Dollar Against The Iraqi Dinar, Saleh Said, “Adjusting The Exchange Rate Is One Of The Actions Of Monetary Policy In Achieving Stability, Targeting Inflation And Limiting Its Heights Under The Effective Central Bank Law,” Noting That “This Is A Matter That Takes Into Account Monetary Balance Considerations, Two Restrictions, The First The Coverage In Foreign Currency Of The Local Liquidity, Which Has Increased Significantly, Due To Financing The Deficit In Government Expenditures, Which Led To The Expansion Of The Monetary Base, Or What Is Sometimes Called In The Literature The (Domestic) Cash Reserve, And If The Foreign Reserves Outweigh The (Domestic) Cash Reserve In A Way That Does Not Threaten The Country’s Foreign Reserve Wealth Or Its Depletion And Maintains Its Stability, Accumulation And General Stability In Prices. He Pointed Out That "The Second Limitation Is That The Effects Of The Adjustment In The Exchange Rate Should Be Fully Consistent With The Objectives Of The Country's Fiscal Policy And Its Level Of Stability, Meaning That It Should Not Threaten The Sustainability Of The Budget Or Cause Sudden Stumbles In Public Revenues Due To The Change In Monetary Values And The Entry Into Failures (Compensatory Value Deficit) In The General Budget, I.E. Itself, Due To The Fluctuation Of Monetary Policy,” He Explained, “This Requires Always High And Accurate Coordination Within The Country’s Supreme Economic Policy Operations.”
    18 points
  6. Thanks yota for the articles…. Folks you need to read this because this was a directive from the IMF years ago to restructure the state banks to the private sector. They don’t mention the other state bank, Rasheed but I will assume it’s also in the works. I had forgotten about the restructuring of the state banks as one of the IMF mandates because it has been that long ago. Some of you folks that’s been here awhile can remember the list the IMF put out. Stop the auctions Restructure state banks Stop using duel currency ect….. I may live long enough after all to see a profit on all this Dinar I hold….
    18 points
  7. Remember, no one really knows what will happen, or when. They're simply stating their opinions based on what they perceive to be happening in Iraq... RON *** Frank26 [Iraq Boots-on-the-ground Firefly TV update] FIREFLY: Sadr...on tv saying...we will improve the dinar to be in the ranks of the international currencies... FRANK26: Improve your currency to international levels …no kidding… and he [Sadr] says that Iraqi citizens are about to be rich… no kidding …Like we need to hear it from him lol but you will soon hear it from Kazemi and the governor of your CBI …by the way...the auctions today they are at a phenomenally low level for a phenomenal reason… *** Pimpy Article: "The International Monetary Fund expects significant growth in the Iraqi economy and decline in inflation in 2022" Heck yeah that's what we want to see. The IMF is predicting that Iraq's economy will improve by 10.5% next year. That's awesome . And there will be a decrease in inflation by 4.5%. That's exactly the type of thing we are looking for. This is going in the right direction...when you want to talk about things to look for indicators that their currency is going to grow in value these are some biggies right here...this is great news...it's looking really good for Iraq. Blessings Everyone..! RON
    18 points
  8. Remember, no one really knows what will happen, or when. They're simply stating their opinions based on what they perceive to be happening in Iraq. Lots are repeating Al-Sadr's comment after the election. RON ** Claire SO IN A TELEVISED SPEECH TODAY SADR SAYS THIS: "We will work to raise the Iraqi dinar to be in the ranks of global currencies gradually," Great news indeed. Now time to put it in action... ** Samson "Al-Sadr: We will work to raise the level of the Iraqi dinar". Quote: "he pledged, We will work to raise the Iraqi dinar to be in the ranks of global currencies gradually,"... ** Mnt Goat So now the election is over. Al-Sadr party won the majority of election seats... he supports implementing the White Paper...and Al-Kazemi will most likely be the candidate that Sadr will chose and it will be official soon. ...the election is not a trigger for the RV. It never was and never will be...There never was any indication that the election had to be done first to get the RV... Just like the budget having to be passed each year...So, was the election on Oct 10th important? Sure...I believe that Al-Kazemi will continue as the prime minister and this is a very good thing...
    18 points
  9. THE ARAB MONETARY FUND, IN COOPERATION WITH THE INTERNATIONAL MONETARY FUND'S CENTER FOR ECONOMICS AND FINANCE IN THE MIDDLE EAST, ORGANIZES A COURSE ON "EXCHANGE RATE POLICY" 2021-10-19 Abu Dhabi - United Arab Emirates This morning, the " Exchange Rate Policy " course , organized by the Institute for Training and Capacity Building at the Arab Monetary Fund, in cooperation with the International Monetary Fund's Center for Economics and Finance in the Middle East, was inaugurated during the period 18-28 October 2021, through the distance training method adopted by the Fund in continuation of its training activity. . Achieving economic and financial stability is one of the most important economic goals in all countries, so macroeconomic policies are unique in large areas, especially those policies that aim to achieve stability. The course also highlights the differentiation of macroeconomic policies associated with different exchange rate regimes, the choice of the exchange rate regime, and the most important challenges facing exchange rate policy in developing and emerging market economies. On this occasion, the speech of His Excellency Dr. Abdulrahman bin Abdullah Al-Hamidi, Director General and Chairman of the Board of Directors of the Arab Monetary Fund, stated: Dear sisters and E Lakhoua It gives me great pleasure to welcome you to the inauguration of the " Exchange Rate Policy " course, which is being held by the Institute for Training and Capacity Building at the Arab Monetary Fund in cooperation with the International Monetary Fund's Center for Economics and Finance in the Middle East, hoping that you will seize the opportunity and benefit from the topics of the course. Ladies and gentlemen, Achieving economic and financial stability is one of the most important economic goals in all countries, so macroeconomic policies are unique in large areas, especially those policies that aim to achieve stability. The course also highlights the differentiation of macroeconomic policies associated with different exchange rate regimes, the choice of the exchange rate regime, and the most important challenges facing exchange rate policy in developing and emerging market economies. Ladies and gentlemen, The exchange rate policy is one of the most important policies adopted by countries to maintain the stability of macroeconomic variables, the most important of which is inflation, which is considered one of the obstacles in achieving economic growth. appropriate exchange. A fixed exchange rate policy helps curb inflation, and a flexible exchange rate policy helps absorb external shocks. The results of adopting such economic policies were evident during the many economic crises that afflicted the economies of the world during the past two decades, which contributed to alleviating the negative effects of those crises. Ladies and gentlemen, It is known that the influx of capital significantly in the presence of an effective monetary policy enables countries to avoid the consequences of these flows represented by the rise in real exchange rates, thus reducing the competitiveness of these countries' exports. Although these flows contribute to an increase in the volume of reserves, the accumulation of reserves may entail costs represented in interest payments on government bonds that are used to absorb the liquidity left by these flows. Therefore, it is necessary for countries to have controls to deal with capital flows, especially short-term, as these funds are often quick to exit. Ladies and gentlemen, Your course is rich in topics related to many important topics, as the different types of exchange rate strategies and arrangements and their compatibility with the existing economic policy will be reviewed. The course will focus on the following main themes: Basics of analyzing different exchange rate systems. How to read international currency market indicators and exchange rates. Assessing the adequacy of foreign exchange reserves using traditional and new indicators. The relationship between exchange rate policy and macroeconomic policies. Basic parameters for the transition from a fixed to a flexible exchange rate. Establishment of early warning systems for currency crises. Ladies and gentlemen, In conclusion, I would like to thank the distinguished experts who presented the course materials, and to commend the fruitful cooperation that exists between the Arab Monetary Fund and the International Monetary Fund. I wish you a successful session and may God protect you wherever you are. Peace, mercy and blessings of God. صندوق النقد العربي بالتعاون مع مركز صندوق النقد الدولي للاقتصاد والتمويل في الشرق الاوسط ينظم دورة "سياسة سعر الصرف" | صندوق النقد العربي (amf.org.ae)
    17 points
  10. Breaking news: Hillarious bin-Sadr just chosen for PM job: 😂
    17 points
  11. After 18 years, a lively street in Baghdad awaits an important event next Saturday Time: 10/13/2021 23:53:04 Reading: 5,005 times {Local: Al Furat News} A lively street in the capital, Baghdad, awaits an important event next Saturday. After a closure that lasted for 18 years, i.e. since 2003, the shops of Al-Sina'a Street, opposite the University of Technology, are preparing to open their doors to resume their activities at night next Saturday until nine o'clock in the evening. The important event is an important step for the return of life to this street, which is the most important center for the trade of computers, electronic materials, technology and everything related to information technology in Iraq. The event will include many activities, the most important of which are the provision of free internet service along the street, with the distribution of gifts for each purchase invoice from many brands. It will also be implemented in 8 huge advertising arches adorning the street. The Mayor of Baghdad, Alaa Maan, opened on July 15th Al-Sina'a Street in its new look after completing its rehabilitation and development works within the Nahdat Baghdad project.
    17 points
  12. 17 points
  13. The leader of the Sadrist movement pledged that "from now on, the government or the parties will not have control over the money and bounties, but rather it is for the people, and the people's oil is for the people, and we will work to raise the level of the Iraqi dinar to be in the ranks of global currencies gradually."
    17 points
  14. Don’t get too excited until you hear them say the 800 numbers have been released and the Asian lady has ordered her ice cream. This looks like 6-7 bucks to me I’m
    16 points
  15. I said it yesterday, and I'll say it again today. Ol' MarkZ is dyslectic. It ain't gonna be $4.71 I can see $1.47. I, personally have been hoping for the $3 range. I don't think 4 will fly! ✈️
    15 points
  16. There were several articles about this event in late Aug. and Sept. I read them too! That was what give me some hope of a possible RV this year,2021! That was also, some of the information I received in early Aug. 2021! This should be an interesting week! JMHO, we should be finding out, if this investment is going on through the 1st quarter of 2022,or longer! We all need this RV badly just to protect our own families, from what biden and his hynch men, demorats, have going on with our economy here in the US! Believe it, or not, we are in for some very rough times here in the US! The demorats are already warning us of shortages of the products we use everyday! As we all have been an eye wittness to this fact, at your local grocery & drug stores. I believe beef prices are going to go through the roof, in the next couple of months! One reason, myself included did not sell their calves this past spring due low prices at the sale barn! I refuse to sell at $1.80, when it cost me $2.75 to get 600 lbs. you don't have to be a rocket scientist to figure that one out! Listening to that idiot that sleeps in the white house, he has tipped us, to who is running the show! That being one barry obama! Hold on to your Stetsons folks, we are in for some very dark days here in America and there is not a damn thing you are I can do about it, except protect our selfves ! Have a plan and a plan to act! Case closed! JMHO!
    15 points
  17. Nice contribution Davis. Incredibly whack but that’s why we love you. Only you could go from a plane crash to monkeys eating a person in less tan 25 words. Lmao 😆 😆
    15 points
  18. .... and here I was thinking this “ important event “ this Saturday ( along with this reopening ) just might be what We’ve been waiting 18 FRACKING YEARS FOR
    15 points
  19. IMF Executive Board Concludes 2020 Article IV Consultation with Iraq February 11, 2021 Washington, DC: On February 8, 2021 the Executive Board of the International Monetary Fund (IMF) concluded the Article IV consultation[1] with Iraq. ...Directors stressed that wide-ranging structural reforms are necessary to cement macroeconomic stability and pave the way for higher and more inclusive growth. They underscored that reform efforts should focus on stemming the financial losses in the electricity sector. This requires sustained efforts to strengthen governance and improve collection, as well as gradual adjustment of tariffs to increase cost recovery and reduce arrears. In addition, Directors emphasized the importance of reducing corruption in key public institutions, continued improvement and effective implementation of the AML/CFT framework, restructuring of large state-owned banks to foster financial stability, and developing the private sector...
    14 points
  20. Good morning Yota, This is great news DV, the new banking reforms are now coming on line, we are getting closer 🙏
    14 points
  21. Remember, no one really knows what will happen, or when. They're simply stating their opinions based on what they perceive to be happening in Iraq. RON ** Pimpy Article: "New Instructions for buying and selling foreign currency for the year 2021 and the stability of the dinar exchange rate" This is the one everybody's talking about...the wording in here is a little eye-catching...what I like is the fact that they're saying they have to hold enough foreign reserves to be able to handle any kind of exchange that comes in. Now calm down...That doesn't mean there's going to be a rate change...they're definitely building up the private sector and that's what they need to do...just so you guys know part of the calculations for any foreign currency to have its value is the amount of foreign reserves that it has and it appears Iraq is getting there. ** Desert Advisor A few weeks ago it was announced by one of the representatives about the price of oil. Quote: "Representative Al Nassif called on the Minister of Finance to reduce the exchange rate of the dollar after the price of a barrel of oil exceeded eighty dollars..." They are announcing publicly from pretty much their members of congress talking about they want to raise the rate. ** Kaperoni Al- Sadr made a statement ...in the media after winning the largest Bloc that "We will work to raise the iraqi dinar to be in the ranks of global currencies gradually." In other words there is no overnight RV as I've been saying all along. What that is saying really is they will float and it will go up gradually based on the growth of the economy...A different perspective & interpretation of Sadr's statement...!
    14 points
  22. Remember, no one really knows what will happen, or when. They're simply stating their opinions based on what they perceive to be happening in Iraq. RON *** Deepwoodz IMO...someone isn't happy with the [election] results! [Articles posted by Newshound Guru Samson] "Iran stops the process of exporting gas to Iraq, and a decrease in hours of electricity supply" "The Iranian press justifies the loss of Tehran's allies in the elections with 'Iranphobia'" *** Desert Advisor Who won the elections? Al-Sadr. What happened? He comes out and says this, Article Quote: "We will work to raise the Iraqi dinar to be in the ranks of global currency gradually." This guy was just elected and right away he says we want to raise the Iraqi dinar in the ranks of the global currencies - gradually. Is that the 5 year plan they talked about with the reform of the white papers? Does that mean there won't be an RV? But it's slowly going to float all the way? I don't know. The global currencies - their neighbor Kuwait at $3.32 and Jordan at $1.41 and if you may or may not know the Iraqi dinar was worth over $3 in the 90's. So who knows what they're going to go to in those ranks. *** Mnt Goat The Central Bank of Iraq (CBI) in coordination with the Finance Ministry will decide when the RV happens not some election cycle. They will do it based on sound economic and financial policies...First, we need to see the project to delete the zeros...There is a process involved...the beginning of the fiscal year is the most opportune time for the CBI to conduct this process... the first step being to kick off the process with the project to delete the zeros. Then the CBI monitors or watches for inflation (how long we don’t know and even the CBI does not know) and if all went well within Iraq they would then decide or decline to go to FOREX and reinstate the dinar. To ensure the crash of the Iraqi dinar does not happen upon the reinstatement, they are pursuing (have pursued) all avenues to beef up the dinar and support the new coming rate. ...we all should be very happy this is taking place and witnessing it right in front of our noses. *** Pimpy Looks like some exciting news ... The Sadr movement made some great achievements in the elections...they now control the parliament and this man is making a commitment that's catching the buzz around the dinar community...there's big talk about the change in the exchange rate of the dinar. How big? Who knows. We're gonna find out here shortly...there is a lot of chitta chatter happening once again about the dinar...Sadr has 73 [seats in parliament] that's huge...almost twice as many as the group that came in second...
    14 points
  23. Remember, no one really knows what will happen, or when. They're simply stating their opinions based on what they perceive to be happening in Iraq. RON *** Footforward Some have confused the idea of exchanging USD in the country of Iraq for new smaller bills in Iraq as an in country RV. It's not. The only way you have an RV is if the rate of the dinar changes. Even if you have smaller notes, it doesn't do you any good unless you add value to the rate of the dinar. Any change in the rate would be seen on forex and on the CBI website... *** Fleming ...Prime Minister Mustafa al-Kadhimi has been Quoted saying, “If I am re-elected, Iraq will be rich.” He is obviously talking about the re-establishment of Iraq dinar on the world stage...People from every nation will flock to Iraq...This world remains topsy-turvy, right is wrong and wrong is right, it’s all upside down. Until there is a solution brought about...There can’t be an RV...In closing...don’t give up your currencies....Hang in there. *** MilitiaMan We know from the White Papers put out that Iraq is ready now and will be cleared through the Digital Platform "BUNA" owned by the AMF. So I expect that will be similarly true with the FOREX, we shall see. imo...All is very good. The UST, G7, G20, WB, IMF, Cetral Banks meet on the 12th -15th.. They are going to be going over "Economic Inclusive Recovery's", keep that in mind...
    14 points
  24. Remember, no one really knows what will happen, or when. They're simply stating their opinions based on what they perceive to be happening in Iraq... RON ** Desert Advisor They started offering more bonds. Article: "The Ministry of Finance announces the issuance of construction bonds in the financial market" Bonds are a great way to increase the reserves and get money out of circulation. You have investors, big banks, they invest millions of dollars into these bonds...that takes money out of circulation. That's one more way of increasing the value of the dinar. ** Pimpy Article: "The Second Central Bank Strategy (2021-2023) An approach to Monetary and Financial Reform" Bunch of mumbo-jumbo about how they're gonna do what they can to strengthen the economy of Iraq and making sure that their rules and regulations put everything in place so that it can help support the Iraqi dinar and strengthen it at the same time. What I also like about this article is it talks about the different areas in which they're going to help strengthen and help with lending and financing. This is really good to help build the private sectors. That's what we want to see. ** Vital Brad We had talked about October 17th. The Central Bank of Iraq put out an Article: "Instructions for buying and selling foreign currency for the year 2021" ...mentioning their currency being traded at the International window - am I interpreting it as a potential revaluation? Maybe. I don't know what's going to happen that day...if anything happens I'll definitely be letting you know if anything breaking comes. (Post 1 of 2) ** Vital Brad This is what gets me interested...Right now Iraq's currency is not on the International market. It's not a tradable Forex currency. So why is this all the sudden saying that the bank decided to adopt in allowing foreign currency to be traded at what they're calling this currency sale window? That's going to start working as of the date October 17th...I'm really interested to see what happens Sunday. (Post 2 of 2) ** Kaperoni The CBI also published monetary policy expectations 2020 through 2022. Which included many steps including digital transition, banking insurance, development of the banking sector, facilitating financing and putting the dinar on par with the dollar globally. We shall see.
    13 points
  25. Central bank sales decline with the entry into force of the new instructions - 10-17-2021 11:34 AM - Read: 3940 Sales of the Central Bank of Iraq decreased significantly, on Sunday, from hard currency, to record 52 million dollars, with the entry into force of the new instructions of the bank regarding sales of hard currency. Informed sources stated, that the Central Bank witnessed today, during its auction for buying and selling US dollars, a decrease in its sales by 74.76% to reach 52 million, and 70 thousand US dollars covered by the bank at a base exchange rate of 1460 dinars per dollar, compared to yesterday, Wednesday, which sales amounted It has 206 million and 422 thousand and 600 US dollars. The purchases amounting to 51 million dollars went to strengthening balances abroad in the form of remittances and credits, while the remaining amount of one million and 70 thousand dollars went in cash. She pointed out that 8 banks fulfilled requests to enhance balances abroad, and two banks to meet cash requests, in addition to 11 mediation companies. It is noteworthy that the Central Bank issued on September 26 last new instructions for the sale and purchase of foreign currency for authorized banks and mediation companies, which will be applied as of today, Sunday, 17 of October this year, indicating that the goal behind this is to maintain the stability of currency exchange rates. Comply with the requirements of the Anti-Money Laundering and Terrorist Financing Act.
    13 points
  26. Damn, I am going to hold out for the $12.00 rate Okie told us about a few mango seasons ago.
    13 points
  27. Uhhhh sorry thought he crashed his plane into a boat got to a island monkeys took him made him a bride then ate him wow he is back
    13 points
  28. Remember, no one really knows what will happen, or when. They're simply stating their opinions based on what they perceive to be happening in Iraq. RON ** Pimpy {Election} It's looking good. There are some discrepancies but hopefully nothing major. Let's hope that all the right people we want to see get in office get in there because we want to see them raise the exchange rate of the dinar against the international communities... ** Frank26 [Iraq Boots-on-the-ground Firefly TV update]: FIREFLY: Tv today showed CBI rep saying they now are in the second phase of strategy for economic and financial reforms in accordance with the white papers for years 2021 to 2023. They went on to talk about all the parts the CBI banks are and will do for the white papers...Sadr back on tv saying the peoples oil is for the people and we will improve the dinar to be in the ranks of the international currencies gradually...Saying Iraq’s people should be rich it’s in their constitution that the oil money belongs partly with the citizens it’s their right to have shares of the oil revenues…saying from finance minister Iraq needs to adjust dollar exchange rate as the price of oil exceeds 80 a barrel….
    13 points
  29. The most votes ever in the history of the USA. Biggest Flim Flam ever in the history of the USA right up there with the Global PLANdemic. Say howdy to 1984 & Brave New World all rolled up into one great big Jack Boot Global Tyrannical shitball on the back of the necks of the world’s population. If numerous articles be true, the only states “ he won “ were those where the Dominion machines were in full play in those crucial states. This past election cycle proved beyond all doubt the game IS RIGGED & the TABLE TILTED..... and YOUR VOTE DOESN'T COUNT. Have a good one DD
    13 points
  30. Luigi found these posts of Dinarian interests... Confirmations of RV exchange rate of $4.71. Treat as rumors. Not verified. Your opine. 10-16-2021 Intel Guru MarkZ: I have had a number of confirmations from government contractors & government employees out of Iraq since yesterday that the rate over there is going to be $4.71. This is what the contractors told me…many sources… We will find out for sure when Iraq banks open tomorrow…Let’s hope this is it…the news really has been phenominal!! 10-16-2021 Intel Gurus MarkZ & Okie_Oil_Man: MARKZ: I am getting fantastic chatter and I know you are as well…. I am getting solid stuff from the banking side…are you hearing similar things? ...praying that you get to “land that plane” for us. OKIE: I am hearing this also...I look forward to landing...nuff said. 10-16-2021 Newshound Guru Kaperoni: The CBI also published monetary policy expectations 2020 through 2022. Which included many steps including digital transition, banking insurance, development of the banking sector, facilitating financing and putting the dinar on par with the dollar globally. We shall see.
    12 points
  31. Al-Sadr: The victory of reform is a victory for Iraq Tuesday 12 October 2021 131 Al-Najaf Al-Ashraf: Morning The leader of the Sadrist movement, Muqtada al-Sadr, considered the victory of reform a victory for Iraq. Al-Sadr said in a televised speech yesterday evening, Monday: "Praise be to God, who cherished the reform with its largest bloc, an Iraqi bloc, neither eastern nor western, whose light shines from the land of Iraq, its people and its bounties." He added, "This is your day, O people of Iraq, in which reform has triumphed. Today is the day of Iraq, determination and steadfastness, and the day of the people and the state," noting that "Iraq is the Iraq of reference, the wise, the wise, and the dignitaries. ". He stressed that "there is no place for corruption and the corrupt in Iraq after today, and we will eliminate corruption with our blood if necessary, so come to a reform paper, in which there is no sharing of power over the interests of the people." He pointed out that "all embassies are welcome unless they interfere in Iraqi affairs and form the government," noting that "any intervention will have a diplomatic, and perhaps popular response, because Iraq is for Iraqis only and we will not allow interference at all." He called for "the necessity of restricting arms to the hands of the state and preventing their use outside this scope," explaining that "it is time for the people to live in peace, without occupation or terrorism." The leader of the Sadrist movement pledged that "from now on, the government or the parties will not have control over the money and bounties, but rather it is for the people, and the people's oil is for the people, and we will work to raise the level of the Iraqi dinar to be in the ranks of global currencies gradually." He pointed out that "construction, industry, agriculture, education and health have a large share of the efforts of benefactors, with no difference between one governorate and another except in terms of need and the number of its residents.
    12 points
  32. Development of electronic banking and mobile banking services to become the primary means of the payments system to encourage more access to traditional banking services and enhance financial inclusion. Go CBI Go Reforms Go RV
    12 points
  33. ** Newshound Desert Advisor There were the elections. The guy who was elected he talked about raising the dinar gradually and bonds have now been issued for the government. Looks like they're continuing to do what they need to...based on the price of the Iraqi dinar today and let's say it takes 5 years to float back up to a dollar, three dollars what it used to be, What kind of rate of return would that be? What kind of opportunity is that? ** Newshound Edu Matrix Article: "Partial results show pro-Iran groups losing Iraq election" This is great news. We now know that the elections had a low turnout rate however the people who did vote voted down the pro-Iran groups. Meaning people are awake in Iraq. They know what time it is...we are hoping for a parliament that will supports Iraq's inclusion in the global financial world without going against Iraq's constitution... ** Newshound Pimpy Banking meetings - there's a ton of them going on and it's not just in Iraq. It seems to be worldwide...bank reforms. There is a lot of that going on. Here's my theory on this... Article: "The Ministry of Finance announced the restructuring of Al-Rafidain Bank" We already seen an article similar to this...but this on seems to be a little more in detail...they were going to do an ad campaign on behalf of the dinar to encourage people to start using the dinar and get rid of the U.S. dollars...this new restructuring in banking is meant to try to get people to have more confidence in the dinar... ** Newshound Clare Question: [Has anyone heard anything new about the lower denomination notes?] WHEN THE CBI IS READY TO RELEASE THEM ... THEY WILL RELEASE THEM INTERNALLY...THE CBI HAS NOT SAID THE NEW GOI HAS TO BE ANNOUNCED NOR HAVE THEY SAID LAWS HAVE TO BE PASSED FOR THAT TO HAPPEN...THERE IS NO ARTICLE STATING THAT ... AS A MATTER OF FACT MANY ARTICLES STATE THE CBI IS INDEPENDENT AND THE EXCHANGE RATE IS IN THE CBI'S HANDS...AND WE DO KNOW THE NSCN'S NEED A NEW RATE AT THE ONSET...IMO. ** Newshound Mnt Goat Article: "IRAQI OIL IS HEADING TO APPROVE A “GIANT” EXPLORATION PROJECT IN THE WESTERN DESERT" ...Iraq is floating in oil and is very rich. There is so much wealth yet to be untapped...
    12 points
  34. ( IQD Rates - Updated: Sunday - 10/17/2021 Official Central Bank of Iraq (CBI) Dinar Rate: 1460 IQD to 1 USD Dinar Market Rate: (CBI last reported 8/11/2021) ** Still No Change Noted on CBI.IQ ** 1478.744 IQD to 1 USD - Rates Are Within IMF 2% Rule: YES... (Rate is at 1.28383%) Started 16 June. - Are Rates IMF 2% Rule Compliant for 90 Days: YES -- "123" days in compliance..! Have a Blessed Day Everyone - GOD is Good & Faithful..! RON
    12 points
  35. Economie In Conjunction With The Entry Into Force Of The New Instructions.. Central Sales Record A Significant Decrease Author: Ahad6 On 10/17/2021 - 11:36 AM 210 Sales Of The Central Bank Of Iraq Decreased Significantly, On Sunday, From Hard Currency, To Record 52 Million Dollars, With The Entry Into Force Of The New Instructions Of The Bank Regarding Sales Of Hard Currency. Al-Ahed News Correspondent Stated That The Central Bank Witnessed Today, During Its Auction For Buying And Selling The US Dollar, A Decrease In Its Sales By 74.76% To Reach 52 Million, And 70 Thousand US Dollars Covered By The Bank At A Base Exchange Rate Of 1460 Dinars Per Dollar, Compared To Yesterday, Wednesday, The Sales Amounted To 206 Million And 422 Thousand And 600 US Dollars. The Purchases Amounting To 51 Million Dollars Went To Strengthening Balances Abroad In The Form Of Remittances And Credits, While The Remaining Amount Of One Million And 70 Thousand Dollars Went In Cash. Our Correspondent Pointed Out That 8 Banks Have Met Requests To Enhance Balances Abroad, And Two Banks To Meet Cash Requests, In Addition To And 11 Mediation Companies. On September 26, The Central Bank Issued New Instructions For Buying And Selling Foreign Currency To Licensed Banks And Mediation Companies, Which Will Be Applied As Of Today, Sunday, 17 October.
    12 points
  36. I am afraid that it will be Same Old Shift Different Day (SOSDD) !
    12 points
  37. I will believe it when Possum and Mama confirm..... 🐀
    12 points
  38. Okie……stop, stop your killing me😂😂😂
    12 points
  39. Thanks for all you do Yota691. I don't think I'll have all that long, to say thanks. Haha. 😁
    12 points
  40. The General Secretariat Of The Iraqi Council Of Ministers Decided, On Wednesday, To Suspend Official Working Hours Next Monday, The Anniversary Of The Prophet's Birthday. I wish it was the "Profits Birthday" instead of the Prophet's Birthday.
    12 points
  41. Although we have become jaded after so many years , when you look at it , the rv has never been closer . Hang in there , you crazy diamonds , trust in your gut.
    12 points
  42. No, I am just waiting on someone who wants America to succeed and not China or other foreign countries. I am waiting for another president that LOVES AMERICA more than they love their own wealth like this narcissistic jerk in the white house now.
    12 points
  43. Maybe Guru MarkZ is dyslexic and the rate is gonna be $1.74. That is a rate I have been seeing mentioned lately. Just say'n 🤷‍♀️
    11 points
  44. I hope I’m wrong but I’m pretty sure I’ll be back at work early Monday morning time to make the donuts
    11 points
  45. I wouldn’t put much stock in the price of oil since we have been in this through $100.00 a barrel oil to .01 a barrel. Al of which were to trigger an RV. Sunday should be the trigger! I’m not holding my breath on the auctions being the trigger, it’s a great thought anyway! Remember time marches on with you are without you! It waits for no one! Sounds like a song I once heard!! Good luck everyone I hope we are all in Vegas next weekend!!! See you there!!! JMHO 🤠
    11 points
  46. There's no way Apes are going to sell. This is not a stock investment as much as it is a life changing, us little people, fight the rich crooks, David VS Goliath investment. We're like a pitbull latched on to a thief that has broken into our house and not letting go till we get our reward. Thank you again for all you contribute. And have a blessed weekend all. Closer and closer is our reward.
    11 points


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