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  1. Happy Wednesday! I have a ton on my plate today so I'm going to get right to the weekly update... lucky for me, it's an easy one. The writing on the wall is about as clear as it can be... follow along and enjoy! This was posted in last week's chat, and BOY is it worth reading! ( to @6ly410 ) My comments in purple below: Iraq news now A Kurdish bloc reveals the fact that Baghdad and Erbil are close to signing a comprehensive oil agreement News source / Baghdad today https://iraqakhbar.com/2805603 News source / Baghdad today Baghdad Today - Baghdad Today, Monday, the Kurdistan Islamic Union bloc in the Iraqi parliament revealed the fact that Baghdad and Erbil are close to signing a comprehensive oil agreement. - - - - - this is HCL. ... Ahmed stated that "there is no specific time to resolve the differences between Baghdad and Erbil, but solutions must be expedited, so there is no time, especially since delaying solutions delays the completion of the 2021 budget law." - - - - - Are we reading that they want the HCL to pass with or prior to the Budget? It sounds that way! He added, "All differences can be resolved according to dialogue and constitutional frameworks, especially if there are personalities who have the will to solve and not deepen the disagreement." Earlier, and in a different position, a former deputy from the Kurdistan Democratic Party revealed, on Monday (December 14, 2020), that a new agreement between the governments of Baghdad and Erbil on the delivery of oil and revenues from the ports would soon be announced. "It is expected that the negotiation rounds will end soon, - - - - - darn that word ... with the announcement of a new agreement that contributes to two basic points in organizing the delivery of customs resources, and determining the quantities of oil exported from the region," said the former deputy, Mohsen al-Saadoun, in a press interview. He added, "negotiations are still ongoing between the Kurdish delegation, who is currently in the capital, Baghdad, and officials in the federal government in order to reach an agreement to zero in all the crises and controversial problems between the two parties." Al-Saadoun explained that "the existing talks in Baghdad will determine whether to return to the previous oil agreement or conclude a new agreement that differs from its predecessors to solve the issue of customs salaries and revenues," noting that "the agreement will be included in the general budget law for next year." - - - - There we have it, kids! 💥 He suggested the former deputy, for the Democrat, that "the two parties announce within the next two days their new agreement regarding the export of oil and the delivery of customs revenues to the federal government." - - - - - This would be today. ... a member of the Kurdistan Democratic Party, Repin Salam, confirmed that the President of the Kurdistan region, Nechirvan Barzani, will visit Baghdad soon to sign a comprehensive oil agreement between the governments of Baghdad and Erbil. .... Basically, everything we have been witnessing - the increased cooperation between parties. Continued stability of the GOI. Elevated confidence in Iraq from the PTB all over the world. EVERYTHING we are seeing is pointing to HCL, a new Iraq, and an RV. Don't count your chickens just yet, but this is getting REAL. - Adam P.S. Get in the Powerball Pool - we have to win an RV or the lottery eventually!
    85 points
  2. Good morning everyone! Just a brief flyby here, because there's a lot in the news and I want everyone to know I'm here. Last week, we started seeing signs that the HCL was picking up again. That's still happening, and there's some pretty solid news coming in on the backend over here. Nothing that says "RV by X date", but very encouraging just the same. And this week... Afghanistan. Afghanistan is not Iraq, but anything major that happens in the middle east is worth paying attention to. My understanding of the current situation leads me to believe that we don't need to be overly concerned about our "chances". Everyone stay calm, focused, and of course GOOOO RRRRRRRRVVVVVVVVV!!!!! I know I've mentioned this before, but I'll say it again: I'm still handling everything that needs to be handled. My daily routine still involves multiple contacts with my people, our legal team, and more. I'm just not posting as much anymore. But I'm still here.
    76 points
  3. Good Morning!!! Do you see the excitement above? Don't worry... if the big letters and extra exclamation points didn't get you excited, what's coming below will! First, the normal stuff... OIL - nothing crazy, just the normal expected good stuff. Stable and steady upward trend = Budget - This may not seem like a big deal, but.. submitting it, then withdrawing it, then returning it, then stating "we need 3 weeks to approve it"... there is some number-crunching, pencil whipping, fiat manipulation going on in the background. By itself, that news would raise some eyebrows, but let's hop right into the stuff that does more than raise eyebrows: ---> THIS. <--- In particular, this part: One more time just in case you missed that: including the oil and gas law. If I had the ability to make 💥 fireworks 💥 jump off of your screen right now, I would consider it - that's how big this kind of news is! If it seems like "all Adam talks about anymore is HCL", that's because things are so smooth and streamlined in Iraq right now... HCL is all we need at this point. HCL is oil and gas law. (See above! 👆 ) That's it. That's all, end of story, all she wrote, finito, 💥 , done. Our man Kazzammie is hands down the best thing to ever happen to this situation. Not because he's a messiah or anything crazy like that - the man has just done so much it's almost unbelievable. Prior to him taking the position, Iraq was torn and confused by riots, revolts, and failure. That short period of time came after much incredible progress, including getting out of Chapter 7 and booting Maliki. There was a time (not too long ago) when it looked like one of the previous Prime Ministers would make some progress, but we have never seen this much HCL action. Ever. I'm excited. These things are why I've been spending the time on the back-end of the site, improving some security and other functions. It's why I've taken extra time to verify our contacts and procedures, make contingency plans for VIPs with relation to the current covid situation, and double checked my own personal situation. VIPs, if you are Platinum - verify that you have your VIP Certificate handy. If you can't find it, for whatever reason, get in touch. (Use the support system.) OSI, be sure your gifting letters are in place. And that you know where that place is. And you have access to it. Everyone - is your dinar accessible? Do you have a plan? Are you ready to execute it? VIP is still open to new members - if there is anything you are unsure about, no matter how trivial it may seem right now or how unlikely it felt a month ago... you still have time to join VIP (right here, right now) and get access to the best options available anywhere. Go Iraq, Go Dinar, Go VIP, GO RRRRVVVVV!!!!!! - Adam
    60 points
  4. Good morning, and Happy Wednesday! First, foremost, and with the utmost reverence... Happy Veterans Day. Thank you, from the bottom of my heart, to all who have served or are serving. There aren't words enough. Back by popular demand... the Rubies! Neggers be warned, however... you are no longer anonymous. You can't simply click the downvote button and run off to your cave anymore muah-ha-ha-ha Since I was in there playing with things, I added another reaction: We will see how that goes In the US of A, we have a political fustercluck (as usual), and like I said last week... the winner of the election doesn't really affect what Iraq can and will do. It does, however, have an impact on what current President Trump may do in his (possibly) final months as CEO of the USA. Pushing Iraq towards an increase in wealth would be an incredible thing to add to the list of accomplishments, don't you think? I do. BTC is up 38% this month. That's pretty nice! The price of Oil is more important to Iraq, and that's doing fine: Also important is the political state in Iraq, and that too is doing fine... So... what's the holdup? HCL. And Article 140, to a limited extent, being limited to it's importance to the HCL. Good news, though... that's being worked on, and progress is being made. @yota691 posted this article just a bit ago, and this part is notable: Don't give up yet, friends... things are moving. I'll close on that note... for now. Get in the Weekly Powerball Pool here, and GOOOOO RRRRVVVVV!!!!!!
    57 points
  5. Good morning beautiful people!!! I'm forced to keep this one short and sweet - luckily all you need to do is skim this thread for the information you really need. Highlights: 2021 Budget. 20-30 days - this means January for completion (probability: good, for once!): Agreement with Kurds - this is not precisely HCL, but it's also not not precisely HCL. The point there is that if there was ever a time this is going to happen... it's probably upon us. We don't have an RV yet, but it isn't hard to see this coming quickly. Rate change - done, overnight. A flick of the switch, and 💥 the rate changed. It will happen just as suddenly when they shock the world with a quick move the other way. HCL talks, agreements between Kurds and Baghdad, increasingly rapid progress - all happening right in front of us. Do what you all want to regarding your personal situations - I'm holding (hodling) on and excited to see what's next. Speaking of HODLing, how about that BTC? I trust you all had a great bunch of holidays. Stay safe through the New Year, and I'll be back as time permits. GO RRRRRRVVVVVVV!!$!$!$!$! - Adam P.S. The Weekly Powerball pool is here. P.P.S. I'm reconfiguring the community map with updated banking and service provider information. This is information that will be available to VIP members after the RV is announced, and will not be available to non-VIPs. Join here for less than $1 per day! P.P.P.S. Yes, I saved the best for last... Iraq just changed the rate. Granted, it was the wrong way... but they are already talking about changing it again. You don't need me to tell you where this is headed. Hang tight, friends!
    55 points
  6. Oh my gosh, I almost forgot... GO RRRRVVVVV!!!!!!
    54 points
  7. Red herrings... False flags... Chicken littles, running around yelling about the sky falling. You know what I'm seeing? The home stretch. Hang tight, friends... ... this is going to be a different kind of weekly Dinar update. I fully expect to see mass hysteria and a slew of incoming support tickets in my inbox, because we are approaching the most critical and crucial time in history for the Iraqi Dinar. When this happens, my staff is going to be on full red alert crunch time game on mode. I strongly advise anyone who's even considered getting into VIP (the best place you can be as a dinar holder).... you should do it now. I'm not kidding, not even a little bit. This recent string of "concerning news" is the best thing I've seen in a long time! This is a prime example of what we expect to see immediately before the RV. They want as much dinar sold back to them as possible. I'm not suggesting anyone "buy on bad news" - but I certainly won't be bailing right now! This is the make or break time for Iraq - for better, or worse, we should have closure soon. I think we are headed in a great direction. Go Iraq... Go Dinar... GO RVVVV!!!!!! Get in the weekly Powerball Pool here. And grab yourself a cool new badge by helping me test this new feature... you should see a new "Block" on the website, on the right hand side. There's also a surprise at the end of the 2-part "Quiz". Have a fantastic day, friends! - Adam P.S. Looks like the “quiz” block is at the bottom of the page on mobile devices.
    54 points
  8. Good afternoon, DinarVets! I'm going to run through this one pretty quick, because it's very simple to explain. That's a good thing. Simple = easy to conclude, which also translates loosely to "soon"! OIL is slightly lower than in my last update, but it's still in the "good" range. Anything in the $60s is great, as far as I'm concerned! More importantly, however, is all the HCL talk. I'm almost certain you're hearing it from other places, and I can confirm this is true: Iraq is dealing with the HCL as we speak, and I think it's going to get done this time. Check out the article below: I'm going to repeat that last part: 💥 "It is noteworthy that the Oil Ministry’s sudden announcement of the draft oil and gas law coincides with marathon negotiations between Baghdad and the Kurdistan region regarding the latter’s share in the 2021 budget and the mechanism for managing his oil file." 💥 The Budget was completed some time ago, and Baghdad and the Kurds were even in agreement on the original Budget that was preliminarily approved... ... the fact that there are now disputes, that are tied to the oil and gas law, tells us very clearly that they are not arguing over a few dinars... they are arguing over a LOT of dinars, which is also dollars. My friends, we are closing in on a spectacular finish! I'm looking forward to it. I know many of you are, as well. Hang tight! This might get bumpy before it's over, but OH BOY will it be worth it!!! Happy Sunday, everyone. - Adam P.S. OH! Did I tell you, or did I tell you?! Once again, I'm telling you... BTC was at around $50,000 two weeks ago. Today it's 57,000. That's 14% in two weeks. It is STILL a great time to get into crypto! You did NOT miss your last chance! We are talking about it here. P.P.S. Be sure to get in that DinarVets Lotto Pool here! P.P.P.S. I almost forgot.... GO RRRRRVVVVVVV!!$!$!$!$!!
    51 points
  9. Good afternoon-evening, all! This has been a roller coaster of a week for so many sectors... I know some of you are here for "Just the Dinar News, sir.... just the dinar news". I'll start with IQD. There is talk - and I'll leave it to you to research this, because I have 17 articles on my notepad that would really only cause confusion - but there is TALK that Iraq isn't able to use USD anymore. Or they won't be able to, or they shouldn't, or whatever. Listen, this is a fundamental issue, and anyone that's followed me for any amount of time should know that I am here because of the fundamentals. If Iraq is currently unable to use USD (that's not entirely the case at the moment, but follow along) then they couldn't conduct auctions, they couldn't trade anywhere that uses the USD (that's everywhere), and they would basically fall into absolute poverty and die of malnutrition. Does that sound like a serious possibility? Of course not... so let's get back to the fundamentals. Iraq has a majority of the OIL in the world. There's no way in heck that the WORLD will just pretend that oil isn't there. There is NO WAY that they can't use their resources to "buy in" to anything they want. So... what's with all this talk about Iraq not being able to use USD? I'll answer. It's an idle threat, but a promising one. It means Iraq has one more reason to up their game, Iraq has yet another reason to RV, and the world has one more reason to accept the "NEW" rate, even if it surprises everyone. Even if the analysts and the advisors and the bunches of panelists and "experts" say "OMG they shouldn't/can't/won't" do that! It doesn't matter what those talking heads say.... it's going to happen when it happens, and we are ready and here! On a side note... I hope you caught some of these crypto gains that many of us are rolling in! Sorry this update was late - I've had a ton going on this week, some of which has been rolling my crypto profits into other deals and just having a blast doing it all. Life is good, friends! See you in VIP
    48 points
  10. Good afternoon all! The weekly update will be delayed until tonight or tomorrow - I'm travelling today and my internet is so weak I can't download my personal briefings from my contacts. These briefings are vital to my updates because even when I don't have anything major to announce - I always keep regular tabs on what's going on. I'm in communication with people at several sources that provide invaluable information to me, and this week's communicado package is larger than usual... I'm excited to open it but I need a better connection. Darn third world countries, I tell ya' UNTIL LATER....
    48 points
  11. The negativity rubbed me the wrong way. I have no time for it this morning. Have a fantastic day.
    46 points
  12. The support you all show is amazing and I will be eternally grateful for all of the positive feedback and comments. This has been a while coming, and it was an immediate weight off my shoulders yesterday, and sense of relief, to make the decision to change that part of my schedule. Things you love should not be stressful, and I love this community. Now that I've made the decision, I can get back to enjoying my time with you instead of letting it be a mid-week stressor. Thank you all
    45 points
  13. Hey hey, happy Sunday! Things are still cruising along nicely. In addition to everything else I could share, I decided to just pick one topic... OIL. The HCL, or "Hydro Carbon Law", is a key element in Iraq's eventual ReValuation of their currency exchange rate. In simple terms... when they finalize the agreement on how the profits will be shared, via the HCL, we are either past the RV date or it's a different kind of "soon", like immediately or tomorrow. OIL was at $61.53 when I did my last update. I stated then that we only really need OIL to be in the $40+ range for the logistics of the RV to work, so $61.53 was very encouraging. Do you know where OIL is right now? 💥 BOOM!!! 💥 This stuff isn't rocket science, and you don't need me to explain the simple stuff... so let's move onto something more fun. I'm going to share something I posted in our OSI section, in response to a news story regarding the Seychelles (Africa). We have some amazing stuff in VIP/OSI, fyi! The resources we have are the cumulative results of over a decade of planning, networking, researching, extensive world travel, and more. Our VIP group here IS the premier group to be in when the Dinar RVs... I've got a hundred stories about situations like these. Anyway, a member shared a story and the street in the photo was very familiar... it brought me back to a special time: ======= my response below ======== I love that photo... it looks exactly like the street I was stranded on at around 8 AM in the morning on my first trip to the Seychelles. I say "stranded" because I am an early riser, I was jetlagged, in dire need of coffee, and my hotel didn't have coffee available that morning when I was looking for it around 6AM. It was an $800 per night hotel. I wasn't too upset, because I figured I'd just go find a coffee shop and be closer to my destination and all would be good. Turned out, none of the coffee shops in that little town open till 10AM. !!!!!! I was bedraggled, jetlagged, tired, in desperate need of coffee, and asking strangers where in the heck do I get some coffee, and one of the strangers I spoke to told me (again) that no coffee shops in Victoria, Seychelles, would be open until 10AM. But he had an espresso machine in his office, and I could come with him. My appreciation at that time could not have been greater, and I followed him up to his office. He made the most amazing espresso I've ever had in my life, and as my head cleared around 8:30AM our conversation drifted to our plans for the day. Turns out, my 9 AM meeting, downtown Victoria Seychelles, was closer than I thought. This angel who had given a stranger some much needed caffeine was actually the exact person I was meeting first that day. Pure magic, if you ask me. I bought a similar espresso machine when I returned home, and our business relationship also ended up being pure magic. Some things are just meant to be, I guess. ======= / end of post ===== I'm serious - I have a hundred similar stories, where things just lined up in our favor and you can call it luck or whatever you want, but the fact of the matter is we have some amazing connections. I can't tell you when the RV will be, but I can tell you exactly where you want to be when it happens... https://dinarvets.com/forums/index.php?/store/category/1-vip-membership-packages/ I can't tell you when BTC will hit $100,000 either... but I told you when it was below $600 that it was a good investment. I can only "tell" you things so many times... and I certainly don't want to try to convince you to do anything you don't want to do. BTC is still a good investment, even at the current price of ~$50,000 per BTC. The IQD is still one of my favorite "high potential" speculations. And VIP is definitely where you want to be, now, before the crypto market explodes even more, and before the IQD RVs. Choice is yours, of course! That's all for now... happy Sunday, and GO RRRRRRVVVVV!!!!!
    42 points
  14. Oil Parliament reveals the completion of the legal drafting of the oil and gas law energy Economy News _ Baghdad The Parliamentary Oil and Gas Committee revealed, on Thursday, that the legal drafting of the oil and gas law has been completed after all disputes regarding it have been addressed and the three components agree, indicating that Parliament will vote on it soon and before the end of its current session. A member of the committee, Deputy Zaitoun Al-Dulaimi, said in a press interview, that "all the disputes related to the oil and gas law have been addressed in accordance with the three components," indicating that "the legal drafting has been completed and the law has been submitted to the presidency for the purpose of submitting it to a vote." She added that "the presentation of the law to the vote will take place soon and there are no new obstacles to postponing it," stressing that "the adoption of the law will inevitably be approved during this parliamentary session." Number of observations 69 Date added 01/21/2021
    42 points
  15. Good morning good morning! First things first - I just posted an updated thread on whitelisting / safelisting emails. When the RV is announced, a couple things happen: 1. An email is sent to all members. VIP members will get multiple emails, with extra information. 2. VIP members will receive a text message. 3. A lot more stuff The first item on that list is the email that will be sent out... make sure you are receiving my emails. Next, a friendly request to be patient with my staff at this time - this time of year is always hectic, with annual renewals, compliance across the globe through our various ventures, the associated slow responses from our providers, etc etc. We can only work as fast as the slowest piece of the puzzle, and that is always on the other side of the world, 10 hours ahead of us or more... just be patient if you're awaiting a response. We always come through for our clients, you are not forgotten, and multiple inquiries on the same matter in one day does not earn you points with my already harried staff. Thank you for understanding and for all the years many of you have allowed my Team to prove themselves to you. Comments regarding your personal account, requests for me to look into something for you, etc need to go in your support account (click here), not as a post in response to a public or VIP or other thread. Any posts of that nature will be removed and ignored. Now on to the fun stuff! OIL: This doesn't take a rocket surgeon, so I'll just draw a pretty arrow. MONEY - when any part of Iraq releases a statement to the effect of "we are moving on this and are in complete agreement", I tend to take notice. Like this one, for example! Actually, this will tie into a deeper dive writeup I'm doing at the moment. "It's all about the money", in more ways than you might see in the above link... although that article does wrap around Article 7, the 2021 budget, and more. It will be a good read. I'm hoping we see the RV before I can finish it, but I'll keep working on it just in case. AGREEMENTS - One of the major holdups for Iraq has always been the HCL, which is a money sharing agreement between primarily Baghdad and Kurdistan. Over the last decade (plus) we have seen countless instances where they simply couldn't agree on anything, much less a major profit sharing agreement. This is less and less the case. It's all about the money... and they are working together so much smoother than ever before. For example: There's more, like this. And this. And... well, I'm not going to link to all of them. I'd be here for hours OTHER NOTEWORTHY MENTIONS: Community Map - this is one tool we will be using after the RV. VIP members will see locations of banks, service providers, and more. You will NOT have access to these tools (and more!) if you're not a VIP member. VIP members, see here for more info. BTC - currently at about $18,329 per. Hopefully you were part of our group that made some good money just recently! We have a dedicated section in the VIP area for crypto discussions... just another reason to join us there. The WEEKLY LOTTO POOL - get in! You can't win if you don't play Y'all have a fantastic day, Go Iraq, and GO RRRVVVVVVV!!!!! PS. Side note! I use a LOT of news sources to keep abreast of the latest happenings, not only in Iraq but just "in general". My absolute favorite recently is "The Brew" - click that link to get it yourself. 100% free. This is not a paid post, I'm just sharing because I really enjoy it, and I hope you do too!
    42 points
  16. Good morning everyone! Christmas is two days away and I'm enjoying life with the family... but still keeping an eye on everything, and ready to roll any time and any day Iraq wants to! I hope you have kept up with my recent updates - I've stated multiple times that I expect Iraq to release "bad" news before they RV. Just this last weekend, it was announced that the rate would be changing to 1450... ... and yes, that is the wrong way. Unless it's not. Someone, please, ask me how much I'm freaking out about this "news"? Ask me how disgruntled I am about the situation. Ask me if I agree that this is the end, Iraq has given up, we wasted our time here. Anyone... anyone? I'm not surprised, not even a little bit, and quite frankly... I'm even more excited about the prospect of a near future RV. With an official announcement of the move to devalue the currency, many people will be running to sell their "now worthless and doomed" currency. Many larger holders will almost have no choice but to take the loss, selling their dinars back. And Iraq will be sucking up currency from the outside, decreasing the external supply, and therefore decreasing their liabilities, which makes it cheaper for them to RV. This is not rocket science, my friends! This is the kind of announcement they can afford to make, because it works in their benefit. They would never announce a future increase in the exchange rate, because investors would do the opposite - rush to buy dinar, which would cost them money. I could go on for hours. Pages and pages could be written on the reasons this is a solid move for them Pre-RV. I'm not worried. If you are, you can simply sell your holdings down to a size that no longer worries you. I'm certainly not doing that. From now until Christmas, you can take advantage of a BOGO deal - Buy One, Give One! Every VIP membership purchased between now and midnight Christmas entitles you to Give an equal amount of VIP to anyone you want... even yourself Just grab a VIP product from the list below: 3 Month VIP here. 5 Month VIP here. Platinum Lifetime VIP here. Be well, Merry Christmas, and GO RRRRVVVVV!!!!!!!! - Adam P.S. Almost forgot the weekly Powerball Pool!
    41 points
  17. Happy Sunday, everyone! I'm tagging this "Adam Montana Weekly", even though the updates are no longer weekly, just to keep them showing up in the same searches for your convenience. Also, I don't have a lot to say... but I wanted to check in so you all didn't think I'm abandoning you! I'm just incredibly busy with some new projects in my life that have taken me away from the computer. I'm very thankful for the reprieve from the computer screen, my eyes and my back have been screaming at me the last couple of years. It was time for a change. With that said, I'm still in daily communications with all of my dinar contacts. I still get my usual briefings from the important people on dinar. And I'm still 100% ready to drop everything and give you all of my time when this RV happens. The last time I touched on the price of OIL was quite a while ago - I was optimistic even though oil prices were only at $40ish. Where are they today? $61! Which happens to be above where we need them to be for a launch of the RV. I don't need to say more on that topic. In GOI news, Iraq is muddling through the final stages of the Budget. We don't need the Budget to be complete before an RV, but a "happy agreement" between the Kurds and Baghdad will do a lot to grease the wheels. You can keep up with the current Budget proceedings in this thread, where our tireless @yota691 has been keeping everyone up to date. I know it can be a bit painful to try to decipher the articles, so I'll give you the elevator summary: Things are going well. There is a current discussion on "raising the price of the dollar", which would be bad for Dinar, and the overall sentiment is that they publicly do NOT want to "raise the price of the dollar". (That's a good thing for us!) Part of the reason is due to the current favorable price of oil. And, of course, none of that matters when the HCL goes through. It's been pretty quiet on the HCL front, which is part of why I've taken a break on posting. When the HCL comes, we have an RV either already announced or just around the corner. Until the HCL is done, we wait patiently. Personally, I'm staying the course. In other news... LGD made a pretty compelling argument in this thread for taking a serious look at Silver. BTC (we discuss this a LOT in the VIP Crypto section) is experiencing one of the best buying opportunities we've seen in a while, and maybe the best we will ever see again. While we've been waiting for the RV, many millions have been made in other areas... I encourage everyone to not tie all of their hopes and dreams to one windfall. I have no doubt that we will reap the dinar windfall, but why miss all the other opportunities while we are waiting on the RV? See you in VIP. Go Iraq... Go Dinar... GO RRRVVV!!!!!!!!!
    40 points
  18. Hey hey, good afternoon! P.S.A. No face masks are required to read this update. It is COVID-FREE. This week's weekly update is brought to you by the letters "GO", "R", and "V". In that order. Why? I'll get to the dinar news in a minute. For those of you who attended the "Return of the Chat" event on Monday - thank you for joining me! I appreciate the help working through the bugs. Many have been requesting a "transcript". That's something that used to happen when we did regular live chats. This was just a "test chat", and the intention was only to work out the kinks in the software. (It went off very well!) There is no transcript available. However, I will give a short recap of notable items that made the live chat: 1. The latest chart topper is located here - it must have gotten buried under the slew of news that's been released this week! (I'll get to some of that in a minute). 2. ALL VIPs, if you have not validated your phone number yet - please see this thread. When the RV is here, I will send a text message to all VIP members who have followed the instructions. Do not respond to this portion in this "Weekly Update" thread. Please direct your attention (and any responses) to THIS thread. 3. Also covered in the live chat was information about the "Community Map". I will restate some of what was said... this is going to be one of our VIP tools for locating prefered cash in locations, service providers, and more. Currently you will NOT see your marker on the map. ONLY I WILL SEE it, for privacy reasons. Nonetheless, I would like all VIP/OSI members to enter their location on it. (Note - some other groups *may* be able to enter a location. You will not get any benefit from that, but feel free ) 4. Also covered in the chat - the "Announcement" feature. I changed the announcement in real time to test it out. Before you cash in, you can pop that open on your mobile device and you'll see a notice (like "current VIP cash in rate $x.xx"). This will take you 2-3 seconds, you can do it before you hand over the cash, to make sure you're getting the "live VIP rate". Good stuff 5. This was not in the chat, because it didn't come out until Tuesday, but this should sum up the dinar news portion of today's update... THIS IS HCL: What more do I need to say?! The good news just keeps piling up! Thug you very much for visiting today's update. GO RRRRRVVVVVVV!!!!!!! - Adam
    40 points
  19. Good afternoon, beautiful people! Budget: All you need to know about it is here: What that doesn't tell you is that the Budget doesn't have to have the rate. The Rate also does not need to be included in the Budget! That's not to say that the Budget doesn't matter - it does! But what really matters is the satisfaction of the Kurds... and that, my friends, is happening very nicely. In fact, it's happening more than just "nicely" - check this one out: I don't have much more to say on it than that... it's a "wait and see" game right now. Wait for the RV, then see you on an island! BITCOIN - making it's way back up there. I haven't had this much fun in ages! Hope you're with us in the VIP Crypto section! Our Weekly Powerball Pool is HERE. Join us! Go BTC. Go Iraq. GO RRRRVVVVVVV!!!!!!
    39 points
  20. Final touches on the amendment of the law of the national oil company Wednesday 02nd December 2020 67 Baghdad: Conscious The Parliamentary Oil and Energy Committee put "the final touches" on amending the law of the national oil company, indicating that it will pave the way for the initiation of the oil and gas law. A member of the committee, Sadiq Al-Sulaiti, said to “Consensus”: “The committee is about to complete the amendment of the National Oil Company Law, so that some of its paragraphs will be part of the oil and gas bill.” He added that "after the national oil law is completed and passed in parliament, it is possible to initiate an oil and gas law, despite the existence of political differences regarding it." It is noteworthy that the House of Representatives has completed the first reading of the first amendment bill to the Iraqi National Oil Company Law No. 4 of 2018
    38 points
  21. Howdy howdy! Happy Wednesday, good people of DinarVets! We have some questions from the thread I posted yesterday - I'll get to those in a minute. Just in case you missed these comments from last week... check these out: ONE and TWO. 💥 HCL is such a key component right now. In fact, 98% of this RV hinges on when and how the HCL is finally completed... ... and with things like that coming out, you know we aren't far now! Crypto - BTC is down to 30,900 as I type this. But those of us in VIP already saw that coming... and we have insight on what is happening next. Here's the questions that were posted yesterday: Although both are tragic and unfortunate, I see no impact from either of those. Bwahahaha Haha! Thanks Snatcher In regards to an RV, I say it signifies nothing. Iraq has always tried to plead poverty and defer payments and anything else they can do - just like we would expect any other country to do. The payments are in dollars, not Dinars.... this means that after they RV, it will be easier for them to repay. In fact, it makes sense to stall payments until after the RV if possible, because they will effectively pay less that way. Or at least have more to pay with, but I don't think their payment schedule will change for them. It's just better for them all around that way. That's a great observation, and I think it's 100% in Iraq's favor! Anything that drives the price of oil up, and does not take away from Iraq's ability to produce and export their own product, is good for Iraq. This is one such example. Eventually, yes. After. The timing for an RV is good now. The timing, technology, etc for converting to digital isn't quite there at the moment. Oy vey Tricky tricky! Not at all. The EU doesn't control the world, Iraq (and the other countries on that map) have other avenues to move money. I think you can guess my answer already after reading the links to the articles Thugs posted. We are so close to the apex of this I simply can't imagine it not popping soon, one way or another! One of my biggest objections to the possibility of a true Global Currency Reset is that when you break it down, it ends up looking like socialism. There would be winners and losers in that situation - if all currencies were made equal, that implies that all debts would be erased. Who does the US owe their national debt to? And are they just going to agree to wipe that debt out? That's just one example of a major roadblock in the path to a "Global" currency reset. I'm not saying I see no possible variations of the concept, but I do not believe a Global Reset is possible without WWIII and one ultimate winner who then controls the entire planet under one ruling entity. Funny question there... no amount of money will solve their problems! That won't stop them, though! See above! What "IQD Rates - Updates" are you referringing to? No, but some countries are requiring tests before you're allowed to mingle. You're going to have to give me a link - I could run around the internet trying to figure out exactly what you're referring to, but if I find the wrong article I'm going to give you the wrong answer. Gotta give me more to work with than that. Which pile of money are you referring to? I'm mostly in agreement there! It certainly could be done simultaneously with the Budget, but that doesn't mean it has to be done simultaneous... .... however, the timing certainly is good. I'm hopeful. == = = == = == = == = = == = == == = Lots of good stuff, my friends! Stay positive, stay healthy and happy, Go Iraq, and GO RRRRVVVVVVV!!$!!$!!$!!
    38 points
  22. Happy Wednesday all! I hate to start an update on a bad note, but I'm slammed with work right now, travelling with slow internet, and I accidentally swiped the wrong way just a minute ago... ... and lost a few hours of work that I had done on this weekly update. GRRRR!!!! Oh well, that's what I get for counting on auto-save. I'm sure there's a lesson to be learned here Iraqi Dinar - we are looking so good here. There is nothing going on that has me even the slightest bit concerned, in fact! The way things are going, we could see an RV early this year. Things to watch for are HCL and pretty much anything @yota691 posts. Like this, for example. Speaking of Master Yota, he recently suggested something - and you probably noticed the dynamic exchange rate module on the side of most pages. I am bringing it up now because while it's neat to see the price of BTC and a few other things there, I am not counting on that to notify me when the IQD increases. Nor should you. If you want to be notified of the RV in a timely manner, you should definitely be in VIP and make sure you've completed the VIP Text confirmation process. Do it here. Crypto - holy moly it's been fun lately! The Iraqi Dinar is almost a sure thing, if you understand it. I explained it all in the RV Intel book - get it here if you are VIP, or here if you're not. (Kind of silly to not pony up a few extra shekels and get it free with VIP, but to each their own. Crypto, on the other hand... that's more complicated, especially if you don't have access to our VIP Crypto section. You don't want to be this guy, after all! I think it's going to continue going up... in fact, I've been buying more. I see the current price of 35,xxx as a gift! Better late than never indeed! At today's price.... I'm buying more. I just may do something with the ginsu knives... it's been a while since we had a contest! There isn't much that makes me happier than a happy VIP member sharing their happiness. Thank you for the post! I'll do that for fun sometime. Okie dokie friends and family and DV family and everyone else... I'm done for now! Be happy, be safe, and GO RRRVVVV!!!!!! - Adam
    38 points
  23. Good day and happy Wednesday! Not a ton to chat about right now. We have some optimism on the Budget side, namely: If the Kurds weren't happy with their share, there would be a problem with HCL. This says the opposite - all in agreement, ready to go next week, and that says to me: Let's go HCL! Other than that... I could sit here and hypothesize about the little news bits and rumors floating around, but I've got other things to do Get in the lotto pool here. The crypto world is an amazing and fantastically fun place to be playing right now - the market swings are incredibly predictable! Join us here for the discussion. Like I said - not much to talk about today, so..... GO RRRRVVVVV!!!!!!!! - Adam
    38 points
  24. Sweet - The Thug Luv Is Thick In This Thread ! Btw - I Had Taken An Impromptu Break Back In November When One Of My Little Thugglet’s Was Getting Married ! Although I Hadn’t Planned On That ‘Quick’ Break Turning Into An Extended One ! But Somebody Had Just Sent Me A Private Message Wondering Wtf I Was Doing - So I Figured That I Better Get My Lazy Clown @$$ Over Here And Check In With All Of U Wicked Chill DV Peeps ... And Thanks Everyone For All Of The Jokes And Comments !
    38 points
  25. Well, I made it to my destination BUT it's super late and I'm exhausted. I have meetings in the morning but I also have quite a bit of travel tomorrow as well, so I will download everything and I'll have time to write while confined to a small area on a large metal object hurtling through the air at 35,000 feet or so. Update will be posted by tomorrow night. From what I'm seeing in my briefings... I am going to have fun writing this one. Might even be worth an email announcement. You make some VERY good points there... particularly about the taxes going up and the (probable) incoming residents of the White House. Taxes will be going up with Biden at the wheel. (That's not even a question.) The "New Green Deal" (what a horrible name ) will have to be paid for. Individual freedoms and wealth are on the axe list. Retroactive rules (theft is one word for it) can and WILL be applied to anyone and everything and every dollar possible. Most people don't want the facts... most people just want to live in fear and let someone else drive while they blindly hope for the best and complain about the unfairness of it all. Not me. I'm doing everything I can to protect myself, my assets, and my freedoms. Anyone who feels the same way will take action and not only join the VIP group here, but also give a real solid look at OSI. At the rate things are going, OSI is the only thing that will possibly keep the government from taking 65% or more of everything you profit on the dinar (or almost anything else). Nobody can say they weren't warned. At least - no member of DinarVets can say that. Until tomorrow!
    38 points
  26. Good afternoon all! VIP members - I just put a post up in VIP here. I'll send an email shortly announcing it. Everyone else - no "dinar" update from me today. I've spent the majority of the day working through the final touches on what I just posted in VIP, and this is once again just part of the bigger picture. Iraq is moving at a brisk pace right now. We are seeing things we have never seen before. They are accomplishing things that many said would never happen. I think they are going to shock the world soon. These features that are coming out (the Rock On badge , testing the VIP text system, etc) are all part of a bigger plan. This is actually a rare type of situation where I'm going to explain in public what's going on with the VIP update. Being VIP here does a lot for you, even before the RV is announced, but one of the benefits is that all VIP members will get a text message alerting them about the event when it happens. I have my finger on the pulse of this thing, all the time, and I'm confident that I'll know about it within minutes of it happening, if not slightly before. I'll verify it to be sure, and then initiate a series of actions that will alert the members about it. Non-VIP members will get an email - once I'm done pushing out the VIP alerts, of course. VIP members will get an immediate text message and a few different emails. These emails are going to contain the information needed to keep abreast of the situation - we have no doubt that it will be fluid and we may have days to cash in, we may have months, but we may have less time. We don't know yet - and it's imperative that we have that information as fast and accurate as possible. That's just one aspect of VIP. Another is the guaranteed better cash in rate. With us having the largest and best connected group of dinar holders on the planet, we have the ability to leverage our position and get a reduced spread, which will equal much more cash in your pocket. ⭐⭐⭐⭐⭐ I'm talking $$$$ thousands more $$$$$. Guaranteed. It's not rocket science, and it's explained in this short and simple free Guide --> here<--. One of the most common requests I've received over the years has always been the ability to "confirm" the text notification system. I've always declined because the resources needed were too high, but we recently had some slow periods of progress with Iraq and I took some time to develop a better alert system... one of the improvements was a Verification system so our VIP members can test the Text function. The new system is even faster, more versatile, and all VIP members can now test it. Details in the VIP section here. There are more benefits, but the above is more than worth the investment. Things are happening. Iraq is moving at a brisk pace. There has never been a more important time to be in VIP. Join here. As always.... Go Iraq, Go VIP, and GO RRRVVVV!!!!!
    38 points
  27. Man... WHAT A WEEK. There was a strong chance I was going to be able to share a sneak preview of some of our Post-RV options, but (I know some of you noticed) the updated application had some glitches at the last minute and the site went down briefly last night, and today, and probably again tomorrow. Nothing to worry about, these are "bonus" improvements that don't affect the functionality or benefits of VIP or any other part of the site. FYI - I'm not putting this work into these things for no reason! I'm hearing some very encouraging news and getting all the "right" kinds of communication from my people. Unfortunately, the bugs that showed up in these updates have kept me busy and I can't share just yet. With that said, I'll try not to break too much more before I can get my projects finished. HAPPY FRIDAY!!!!
    38 points
  28. It’s come to my attention, with credible news sources. ( as credible as can be) These folks due very good due diligence on their research. My friend is telling me, we could see an RV as soon as this weekend! I think most members here know my stance as far as a Rv this year! No one knows the rate, they are saying a $1.00! I wouldn’t report this if I didn’t feel comfortable with their information! I’m praying it’s true and I would be the 1st to say I was wrong for my not this year stance! This information is not coming from a poo roo guru! From what I have seen, this information gets from me from my usual stance, of not happening! Hopefully they are right about the interpretation of the information being released!! We will see if this two window will stay open and not shut on us! JMHO
    37 points
  29. Sorry about the downtime, all! We experienced a hiccup during a routine maintenance procedure. The database was locked up, but luckily we were able to get it resolved with no loss of data or anything else terrible. Now back to your regularly scheduled browsing! P.S. I know, it's been a bit since my last "regular update". No news is good news. No news is not the best news, but it's also not bad news, so we have that going for us! P.P.S. I've seen some odd comments on here... (yes, I still read. I'm just not posting as much)... this investment has always been about the fundamentals. Iraq has a ton of the world's oil, they are making their way back up, and no amount of "updates" from me will change their schedule. My personal life and "real world" businesses (offline) have been going nuts (in the best ways) and my family has really been appreciating me being off the computer so much. I am loving it too, honestly Over a decade of constant updates and living on this site was enough for me. My change in posting habits has nothing to do with my confidence in the value of the Dinar increasing. 👆 Feel free to quote that anytime someone makes a silly comment about my lack of posting. 👆 We have our VIP systems in place. Our asset protections and growth strategies are rock solid. There is still amazing stuff being posted in VIP on a regular basis. Whenever there's something major to report, I'll be here to do it. If I decide I'm done with Dinar, and I'm selling all mine, you will hear it from ME. You won't get that information anywhere else, and that's a promise. Best regards, all, and GOOOOO RRRRRRRVVVVVVV!!!!! P.P.P.S. I guess that was a lot for a "PS" - just consider it an update
    37 points
  30. CNN. Broadcasting The Bid For Cancelling The Auctions ! Canceling the currency auction, reducing borrowing, and “isolating” the central bank’s reserves ... the most important thing for hard currency in the 2021 budget 2021-02-08 Yes Iraq: Baghdad Today, Monday, the Parliamentary Finance Committee revealed a tendency to cancel the currency auction, while indicating that the Central Bank's reserves will not be affected in the general budget for 2021. The committee's reporter, Ahmed Al-Saffar, said in statements to the official agency and its affiliate, Yass Iraq, that “when the draft budget is approved in the House of Representatives voting session, it becomes a binding law for the government and enforceable,” indicating that “the Ministry of Finance then issues instructions within a week or two to send to ministries to facilitate The budget execution process ”. He added that "the budget deficit was reduced from 71 trillion to 24 trillion only, as the lending scheme deducted the treasury transfers to the central bank 47 trillion, but we reduced it to only two trillion, if the price of a barrel of oil remained at 45 dollars," noting that "the deficit will disappear soon." The government will have an abundance of money if the price of a barrel of oil remains high. Al-Saffar stressed that "the Central Bank's reserves will not be affected at all in this budget, as we have reduced borrowing and canceled foreign loans." The decision of the Finance Committee indicated that "there is a tendency to cancel the currency auction because it does not exist in all countries of the world except in Iraq," explaining that "the currency auction mechanism is incorrect, and hard currency is supposed to be given to actual importers, students, professors, and patients who travel outside the country and not to banks." “. Al-Saffar indicated that "there is an increase in social care because large numbers of them were included, with the private sector participating in employing the unemployed," noting that "the budget carries a clear economic and social vision." He stressed that "the committee will hold a meeting with the political blocs to bridge the gap in views and come up with the draft budget that can be passed easily under the parliament." Regarding the exchange rate of the dollar, Saffar pointed out that "the exchange rate is exclusively within the authority of the Central Bank, and it is not possible to interfere in its work as it is responsible for the monetary system, the monetary mass, the exchange rate and the cash reserve. link
    37 points
  31. I am VERY excited to do this update, but I'm forced to postpone until tomorrow rather than give a shortened update. Thank you all for the understanding! See you tomorrow
    37 points
  32. GOOD AFTERNOON DINARVETS! First things first - the communication package I wasn't able to open earlier this week turned out to be interesting, informative, and encouraging. As much as I would love to relay some "top secret intel" on an upcoming date or rate for Iraq to make a move on their currency, that is not in the cards today. Perhaps next week. For now... this week's update has drug out long enough, so let's get to it! I can, however, give a summary of what I'm hearing. That is something I don't normally do... as this ridiculous year comes to a close, it seems only normal to start doing things "out of the ordinary". It's not like I'm releasing a new strain of the flu and letting monkeys steal samples, sticking trackers on murder hornets, or accidentally invading my neighbor's property If you're keeping up with the news, you're probably already aware that we're watching a few items - 2021 budget, upcoming elections, and the HCL being fairly key. With regards to the upcoming elections... one of my contacts actually sent some information to the current events, with a link to this as a sidenote. I got a chuckle out of that one! The important part of the communication, however, was the confidence they currently have in the future of Iraq's political stability. Political stability is huge for this process. The lack of civil unrest, the low level of drama in the streets, and the continued progress in Parliament is absolutely essential for this pot to boil over. We have that. It's obvious from where we are sitting, and it's obvious to them as well. Regarding the Budget, we always hear dates and timelines for things. I dismiss most of those as "noise" - but from my sources this week, there is a strong likelihood that this is going to hold up and possibly even be pushed through sooner than expected: (Click above to read the whole article, but the quoted part is probably the most important.) "70 trillion" sounds like a lot, but do the math... it's not even a half a trillion USD. It's not even a quarter. 70 trillion dinars is about 60 billion dollars. Iraq has a majority of the world's natural riches. Let's be realistic... 70 trillion dinars is nothing. Last but not least is the HCL... where are we with that? It's all tied together. As long as the two items above continue to go well, I understand that there is a high level of confidence in the HCL coming together as well. Rapidly. And we all know what that means. Have a fantastic day, everyone. Enjoy the weekend, stay safe, stay sane, and GOOO RRRRVVVVVV!!!!!! - Adam
    37 points
  33. Happy Wednesday, Dinarvets! I'll preface this update with a simple statement: I'm juggling a lot of things behind the scenes here. The great news (for me anyway!) is the majority of the bugs in the site upgrade have been worked through. I trust you all survived the Trump vs (Biden y Wallace) event last night , and here is the link for the Weekly Powerball Pool. Dinar is still looking very positive, and everything I talked about last week just keeps building on itself and more good stuff is adding to the pile of "amazing" potential for a *soon* RV. Because of this situation, I'm juggling updates on our Post-RV plans - for the VIP members, of course. ALL members of DinarVets will get an email announcement. From me. If you're reading this as a guest, you'll need to create a free account 👉 (here) 👈 to be notified. You *can* always wait for your brother's wife's cousin's mailman's "intel" to feed you the 800 number to call (there won't be any legitimate 800 numbers!!!), but the other option is to just be a member here. VIP members are getting more than an email announcement. I'll be sending a text message (only to VIP members*), with instructions to access our Post-RV site, and that's where the real work is happening right now... we've been busy with re-confirming partnering banks, locations, preferred rates, re-confirming partnering legal and tax advisor commitments to our group, re-working Post RV plans to account for COVID, and a ton more. Some of this I'll be able to release as soon as next week. Some of it will never be released outside of the VIP section, and some of the VIP information is on hold until we have an actual RV announcement, but the point here is that work is being done, and you will be taken care of... ... even if it's just the official notification email for you, as a free member here. With all that said - I'm getting back to work! I'll open this thread up for questions, and I will commit to coming back to answer them OR pulling them all and creating a new thread for them. Go Iraq, GO RVVV!!!!!!! - Adam P.S. You may have noticed the asterisk above, where I mentioned the Text service. Just to clarify how this works - anyone can enter their phone number in their profile, and it's only visible to the staff here. Once the RV is announced, I click a button that starts a process and it pulls the current VIP phone numbers. THOSE numbers will be texted... no others. If your VIP is expired, or if you never had it but-thought-you-could-be-sneaky-and-enter-your-phone-number-anyway... sorry, gang, no dice there. Only VIP members will get the RV text notification.
    37 points
  34. "2021"... that was weird to type in the thread title! Happy Wednesday everyone, and welcome to another rousing edition of "The Weekly"! We don't have any guest speakers, we're not giving away ginsu knives, but we do have a great chance of "YOU GET AN HCL! YOU GET AN HCL! EVERYONE GETS AN HCL!!!" in the near future! I know, we can't wait for that to be "in the rearview", but some things take time. While we wait, I sure hope you're paying attention - and making money - while so much good stuff is happening in the crypto world! Check this thread out, for example. As one member stated... it's "so easy a caveman can do it". BTC is currently in the $34,000 range. (I was telling you to buy it before it was $600, I got adamant about it at the $600 mark, and I've been touting it ever since... is now when you decide to listen? Because I'm still suggesting you get some. And we have a full dedicated section in VIP to guide you! Click here.) Coinbase is filing has filed for their IPO. Bloomberg: JP Morgan says BTC could see $146,000. (It's currently under 35,000 in case you missed that.) The first crypto transaction bought pizza... because that's how much they were worth at that time. If you want to put in only $41 in a coinbase account and buy just $41 worth of crypto, you can do that! There is ZERO reason to not own at least a few satoshis. If anything I just said is confusing, just hop into our VIP crypto section and ask away - we love talking about it almost as much as we love the profits. Join the Weekly Powerball Pool: HERE. Have a fantastic day, and GOOOO RRRRVVVVV!!!!!! - Adam
    36 points
  35. Hello everyone, I haven't posted in a while as it's been a terrible, terrible year for me and my family I've gone MIA for a bit. Mostly because of this damn, global pandemic that I've lost so far 4 very close family members within the last 7 months, lost nearly 40% of my income due to spikes of the virus here in NYC - curfews/shutdowns/business closures, etc....this is just my emotional rant. I truly understand that I am not the only one. I know others may have suffered same/similar, unfortunate circumstances. But my heart broke even more as I had to completely sell off all my dinar after 13 years, trying desperately to hold on the best I could but I had to make ends meet and make sure the kids are fed. I'm ok now, I am trying to get back on my feet and will try to buy some new Dinars. I'm just now seeing this recent chat log and I'm wiping away my tears in hoping this ride will end soon for the better of all. Just that, every now and then I tend to break down in sadness of those whom I've lost dearly to me and unexpectedly, never had the chance to see what I had in store for them when this RV hits. God bless you all, please help keep the faith and positivity going as some of us dearly do need it. Stay safe and thanks my friends. Hope to see you all on the other side soon. Freedomwish 😢👍🍺
    36 points
  36. What did we hear two years ago when we thought we were so close Iraq needed a seated Government ✅ Iraq needed security. ✅ Iraq needed to stop the corruption ✅ Making great progress Iraq needs to be a Sovereign nation without meddling from Iran. ✅ Banking upgrades and regulations ✅ A strong Leader. ✅ As you can see Iraq has made incredible progress in the last 2 years, especially the last 6-9 months. It’s looking good from my perspective.
    36 points
  37. GD07, here is. The exchange rate of foreign currency in economic feasibility studies. Below are the central controls related to the exchange rate of the foreign currency to convert the project inputs and outputs from foreign currency to its equivalent in the local currency, and that is by calculating the net discounted present value standard and the internal return on investments in economic analysis that governs investment projects that costs excess one million dinars. Estimate the shadow price of foreign currency: It is necessary to put central controls to amend the official exchange rate * to reflect the shadow price of the foreign currency, and that is considered one of the necessary requirements to implement the net discounted present value standard and the internal return rate on investment in the economic calculation stated in the instructions, paragraph nine. The central controls for adjusting market prices distinguished a group of outputs and inputs traded internationally, where the projects production or usage of them is reflected on the abundance of foreign currency in the economy and thus project outputs or inputs used of such are considered purely foreign currency outputs or inputs. * What is meant by exchange rate: the number of units of foreign currency, expressed in dollar per one dinar. In particular the following outputs and inputs of foreign currency were distinguished: Export-outputs. Outputs marketed locally that substitute imports. Imported inputs. Inputs produced locally that usually go to exports. Foreign labor. According to the pricing rules the value of the output and input (traded) is calculated using export prices (FOB) and import prices (CIF), according to what is listed in the pricing rules. In other words the pricing rules calculate what the project produces from foreign currency (quantity of exports multiplied by the export price (FOB) in foreign currency or the quantity of substitute imports multiplied by the import price (CIF) in foreign currency, as well as what the project uses from foreign currency and imported inputs multiplied by the import price (CIF) in foreign currency .... etc.). In a later step, project outputs and inputs must be converted from the foreign currency to its equivalent in local currency (dinars) by using a specific exchange rate for the foreign currency. Justifications for exchange-rate adjustment: there are a number of important and powerful arguments which support the view that the official exchange rate reduces the real value of foreign currency for purposes of calculating the economic national profitability for investment projects and hence for the purposes of investment planning. It is demonstrated in this context to call for assessing the dinar for less than (3.208) dollar (official exchange rate) when assessing project outputs and inputs of traded goods of exports, substitute imports and imports... etc. The justifications to call for the use of an exchange rate that is lower than the official exchange rate are: The use of an exchange rate that is lower than the official rate is the appropriate action at the investment planning level to translate the country’s economic strategy aiming at stimulating central investments in the sectors that encourage the development of non-oil exports, as well as sectors that encourage the expansion of domestic production base in order to reduce imports and compensate it with local commodities. This helps to reduce reliance on foreign exchange earnings from crude oil exports and increases the share of non-oil sectors in the local production. The application of the amended exchange rate on project imported inputs will assist in directing investments away from aggregated sectors dependent on imported inputs and the preference of those sectors that rely on locally produced inputs. The use of the amended exchange rate helps to correct the balance in favor of the traded goods sectors compared to non-traded goods. The real exchange rate has declined rapidly since the early seventies, through rapid rise of the level of prices and local costs which led by the steadiness of the official exchange rate to change in prices and actual local rate costs that gave an advantage for imported goods at the expense of locally produced goods, meaning that it led to deterioration of the competitiveness of alternative replacement goods and export commodities. This action shows that the official exchange rate overestimates the value of the dinar, compared to the foreign currency and from the promoting goods substituting imports and export commodities point of view of. And in support to this view is the state’s utilization and in a broad approach to the customs and quantitative protection policies especially for consumer goods, as well as export subsidies that exports have through an amended export exchange rate. Estimate the amended exchange rate of the Iraqi dinar to be used in technical and economical feasibility studies and for (1.134) dollar per dinar. This price should be approved for 3 years until re-appreciation by the competent authorities.
    35 points
  38. WOW!!!! Go Iraq!!! International!! Leaving the 7th impose by the United Nation...They (UN) took it away and now they (UN) gave it back!!! KHAS ... AL-RAFIDAIN BANK LEAVES THE SEVENTH ITEM Thursday, February 18, 2021 2:31 PM National News Center / private Al-Rafidain Bank announced today, Thursday, that it has withdrawn from Article Seven that was previously imposed on it. The director of Al-Rafidain Bank, Hussein Ali Al-Zubaidi, revealed in a statement singled out by the "National News Center" "the fulfillment of the requirements for the exit of the Rafidain Bank from the decision of the seventh UN resolution." Al-Zubaidi explained that "the exit decision came after fulfilling all the bank's financial obligations to international financial institutions." He favored "his bank obtaining large bank credits after this decision, especially the foreign dealings of state institutions and departments."
    35 points
  39. “As soon as the devaluation of the dinar against the foreign currency, especially the US dollar, came into effect, the people's willingness to buy those currencies decreased, which created alarm for the Central Bank of Iraq, which is responsible for issuing the decision that sparked popular discontent, because of the consequences it may have on the middle class and people Limited income in society” “For the third consecutive day of this week, central bank sales decreased by more than 55%.” "The decline of the Iraqi dinar against the US dollar and the increase of the exchange rate from 119 thousand to 146 thousand dinars per 100 dollars caused a rapid decrease in the value of sales at the Central Bank in the foreign currency auction." “The central bank is upset” "The Iraqis do not have any confidence in the banking institution, so they put their money in their homes, and when the dollar crisis became they went to sales outlets and sold dollars, so the demand for the dollar became little compared to the previous period." Looks like CBI is not happy with the outcome. The Iraqi citizens instead of buying dollars to protect their savings from a 22% devaluation, decided to sell the dollar and kept their dinars.! In my opinion, no one in their right mind would do something like that. Unless they are in the know of a future revaluation of the IQD. Go RV Go $1:1 Go 2021 PS: Chunky money is not easy to get... CBI 😂
    35 points
  40. Happy Wednesday, DV! One day till Thanksgiving - I am thankful every single day for the amazing community we have here. Tomorrow, I will be thankful for the same things I am thankful for every day, and also pumpkin pie. Stay safe everyone, however you spend the day. COVID cases are "on the rise", but before you get all worked up about it... do some research on how the tests are being conducted, specifically PCR testing. And maybe look at this chart: 🤦‍♂️ The Weekly Update last week was postponed, delayed, and finally buried on page 4 here in case you didn't find it. The DOW this week... holy MOLY! 29,965.01 as of right now. Yesterday we crossed 30,000 and held that for a respectable time. BITCOIN... I know most of you wouldn't waste your time on anything that looks as boring as this chart: I mean, it's basically just tedious, boring profit. No excitement. Ugh. (If tiresome stuff like that interests you, we have a dedicated section to it in the VIP section here. Not that I'd ever encourage anyone to participate in anything that results in amazing results. Or learn anything new. Or profit. Blech. Who wants that...) OIL - More boring stuff. The last screenshot I posted of Oil was $42.21. This one is $45.42. When will this tediousness end. Of course, we need that kind of boring (stable) path. Boring actually equals predictable in this case, and it's the best thing we could ask for. It's leading to more and more progress like this: And this: And... I could go on, but I'm going to save some good stuff for tomorrow. I'm going to wrap this up early for now, and spend some time with my family today. I'll be doing a follow up tomorrow, because "Black Friday". And Cyber Thursday. And all those other great reasons to share some love 😍 I'll send out a special offer tomorrow morning. Watch your email for that One final thought before I head off... US Politics - the Trump Train is running out of time, but not out of steam. I'm excited to see what last minute things come out of the current President's office... and I would not be surprised at all to see something major that helps Iraq. One of the longest standing Dinar rumors of all time is that Mr Trump owns a significant amount of dinar. I'm sure that anything he personally held has long since been transferred to a foreign entity (*cough OSI cough*!!!), so we won't see his name on a transaction receipt when the value goes up and everyone is taking profits... but would it really surprise you to see one of his last acts as President is something that helps the Iraqis boost the value of their currency? It won't be a surprise to me! The limited time Trump has left in office is actually an exciting factor in the Dinar world. I don't care if you like The Donald or not, you have to at least see the potential there! Be sure to get in the Weekly Lotto Pool (here), I'll see you tomorrow, and GOOOO RRRRRVVVV!!!!!! - Adam
    35 points
  41. Oil announces the transfer of a copy of the oil and gas law to the Council of Ministers for approval Posted 40 seconds ago https://iraqakhbar.com/2931956 News source / Baghdad today News source / Baghdad today Baghdad today Prompt In the form of opinion Ministry of Oil: Review the final version of the draft federal oil and gas law The Minister of Oil stressed the importance of expediting the passage of the federal oil and gas law And its importance in organizing the management of oil and gas wealth in Iraq. Oil Minister Ihsan Abdul-Jabbar Ismail said that the meeting of the opinion committee at the Ministry of Oil, which was held on Wednesday, February 24, 2021, included discussion and review of the final version of the federal oil and gas law. He emphasized that this copy should be referred to the Council of Ministers for approval After completing its review by the concerned authorities in the ministry, and then the Council of Ministers will review this copy And referred it in turn to the House of Representatives in order to enact this law. Referring to the ministry's keenness to pass a law that contributes to the development of the oil and gas industry, and the optimal investment of the national wealth in Iraq in order to support the national economy. information Office In the Ministry of Oil February 24, 2021
    34 points
  42. This is a Global - Free World Loss. We will be sold out to China, in a new war, chipped, and begging our government for food. This is the last stop before the New World Order. This is why those of us and those around the world who can see this are so passionate about Trump. I can tell you I am tired of having my hands tied. These Snow Flakes are about to see what Old School is.
    34 points
  43. So is this really the Doom and Gloom zeffy has been hinting at.....It will be Years before Iraq revalues. (note to self and others) zeffy has claimed God put it on his Heart, his sister, Then this needed to be done and it was over....zeffy got caught with his false claims so many times now he has done a 180 but should you get down over what he is claiming he will buy your IQD or you have the option to pay him for the In Depth Truth of the Matter like he know any more or knowledge than the folks here. Or is the the Shock and Awe part to scare the Iraqi People into exchanging the larger 3 Zero notes for USD? Just my opinion and I know all to well the PTB in Iraq (or for that matter anywhere else) They have come way to far to start dropping back into the Dark Ages.......GE and Mega Watt Power Plants, Siemens, Deawoo and the Grande Port of Faw, $100 million dollar Steel Mill....just today two of their tankers are cleared and certified to Fly the Iraqi Flag rather than being registered as Jordanian Ships....How can one not see the progress being made to move Iraqi into this as someone here called it the 4th Industrial Revolution, Yota posted Video of High Rises, Iraq has plans for 5 Major Industrial cities....Iraq wants to be the Central hub of the Middle East......With a Currency that is worth less than an Empty Recycled Beer Can.....Something just isn't right Just like Epstein didn't kill himself and no way did sleep joe biden win a far election at 3 AM after the polls had closed. Karsten
    33 points
  44. 33 points
  45. Good morning everyone! Today looks to be a long but exciting day in my world, and a good part of it IS because of Iraq. Some housekeeping real quick - I'll be sending out an email on this, because quite a few people are still affected by a recent server glitch that made the site unavailable to people. If you were unfortunate enough to visit during that short period of time, your computer has some stored cookies that will still prevent you from viewing the site correctly. There is also an issue with older versions of Internet Explorer and Edge, and those I'm not confident will ever be fixed. Anyhow - the site access issues can be fixed by doing two things. 1. If you're not already using Google Chrome as your browser, now is a great time to start. Get it here. 2. If you are using Google Chrome, you'll need to clear your cookies and cache for DinarVets. I know, it's a pain... sorry. The issue will eventually resolve itself, but if you want to speed it up just go here (or here for Microsoft browsers). Special message for VIP members - as long as you have a good, working email on file here, you aren't in danger of missing any of my messages. The Post RV (RV Announcement) messages and instructions will come to your email, and you'll be directed to a different website that was/is not affected by this annoying situation. One last thing - our News section is getting a little disorganized. To our news posters - at one time we were pretty diligent with making sure we didn't post duplicates, but that seems to be happening a bit more often. Let's resume the vigil - check for duplicates before you post, and be sure to use the "Tags" function to make things easy for the readers. Thank you ALL for your tireless work and incredible contributions! Ok, back to the Dinar! (For those of you able to access this chat ) Parliament is in session, although with the exception of this mention of "White Papers" it would appear that nothing spectacular is happening. I'm not reading anything into the "White Papers" - I'm sure the Gurus will, but that's not what you come to DinarVets for. They aren't going to announce "hi we plan to raise the rate next week lolz" - that's just not the way this works. They would lose the chance to capitalize on the RV, and they simply aren't going to do that. So, what IS encouraging? Jump right to page 3 of this thread, for starters. Our tireless newshound @yota691 started the thread earlier this month with the bold title "There is no alternative for Kurdistan but an agreement with Baghdad" - and that is 100% truth. This boils all the way into the HCL (Hydro Carbon Law) which is a necessary component for the RV. One of the most common questions on the HCL is whether or not it needs/must be done before the RV. The answer is it doesn't matter if it's done before, during, or after raising the value of the Dinar - but it must happen really really close to the same time. Either immediately (minutes/hours, not days or weeks) before, during, or after. Minutes or hours... not days or weeks. That is key. The HCL is, in layman's terms, a profit sharing agreement between the Kurds and Baghdad - two major portions of Iraq. Without a profit sharing agreement, they won't raise the value. The profit, of course, comes from this right here: And aside from that crazy dip that nobody would have believed could ever happen earlier this year, that chart looks solid and promising. I can't wrap this up without a shout out to this thread: And of course, the Weekly Powerball Pool! I'll get that email out a little later today - be well, everyone! Go HCL - Go Dinar - GO RRRVVV!!!!!!
    33 points
  46. Mr. Clown spent hours today pulling news for the rest of us to read to keep us informed. He did it yesterday and the day before, and will do it tomorrow. Just like Yota and others do too. What were you doing yesterday, Sonia1?
    33 points
  47. “The government's insistence is illogical about the dollar’s exchange rate remaining the same, and there is no justification for its survival, especially since the International Monetary Bank proposed to Iraq. that the price of the dollar be at the limits of 1130 dinars and not as approved in the budget at 1445 ″. Years ago the ministry of planning did a feasibility study about the dinar exchange rate $1.13 per dinar. The IMF proposed to Iraq 1130 dinars per dollar 1130 dinars minus 000 = $1.13 dinars per dollar What a coincidence. Go New exchange rate Go purchasing power Go 2021
    32 points
  48. Not sure if this has been posted yet. pp the International Monetary Fund to update the exchange rate of the Iraqi dinar before the end of the fiscal year," here we have it boom NEW EXCHANGE RATE COMING OUT BEFORE END OF THIS YEAR... DELTA Frank26: AMEN.. AMEN.. AMEN......FRANK26 DELTA: FROM SOCIAL MEDIA .....MORE CONFIRMATION .... "It takes a month to 45 days to send the budget to the Parliament," said Ahmed Al-Saffar, the rapporteur of the parliamentary finance committee, adding in a televised statement that "the cabinet has postponed discussing the budget because of the high oil prices, in addition to the issue of the exchange rate of the dollar against the Iraqi dinar and the existence of negotiations of the Ministry of Finance with the International Monetary Fund." DELTA ************ Don961: Oil "disturbs" Iraq's 2021 budget: an expected update of the "dinar exchange rate" and amending the numbers to "reduce the financial deficit!" 2020-12-06 Yes Iraq - Baghdad The Parliamentary Finance Committee informed the Presidency of the House of Representatives, today, Sunday, that it will hold continuous meetings as soon as the General Budget Law arrives in Parliament for discussion and approval as soon as possible. It is likely that the 2021 budget will be approved at the end of this December. "The government has postponed sending the budget to the House of Representatives so far due to the high oil prices in the global market, which requires reformulating the numbers in the budget sections to reduce the financial deficit ceiling and increase revenues," the committee's reporter, Ahmed Al-Saffar, said in televised statements. He explained that "the cabinet will meet next Tuesday and may approve the budget then or hold a special session to discuss and approve the budget next Wednesday, which means that the budget will reach the Presidency of Parliament early next week." He added, "The draft budget is still up to the General Secretariat of the Council of Ministers to audit it in coordination with a special committee from the Ministry of Finance and the International Monetary Fund to update the Iraqi dinar exchange rate before the end of the fiscal year," indicating that, "according to government estimates that we have informed about the price of a barrel of oil." In the general budget it will be between 42 - 43 dollars. The official spokesman for the Council of Ministers, Minister of Culture, Hassan Nazim, announced last week that the Council of Ministers decided to postpone its session devoted to discussing the draft Federal Budget Law 2021, until yesterday, Saturday, as it has not yet been held. Expectations of the next deficit? And on that, today, Sunday, a Foundation for Studies, the Iraqi government’s monthly expenditures exceeded the 6 trillion dinars barrier for the month of October, surpassing the general average for the year of 5.7 trillion Iraqi dinars. The Future Iraq Foundation for Economic Studies and Consultations said in a statement that operating expenses for salaries rose to reach 3.45 trillion dinars, surpassing the general average for salaries of 3.34, an increase of 3.45%. The statement pointed out that the expenses of social care increased by 19% compared with the annual general rate to reach 1.5 trillion dinars, indicating that "the total expenditures of the Iraqi government have increased by 5.85% from the annual rate to reach 6.12 trillion dinars," noting that "the general rate was 5.7 trillion dinars. The statement added that “at the level of imports, imports achieved an increase of 8% compared to the general rate of imports, and despite the decrease in oil revenues by 10% from the general average, a significant increase of 175% in non-oil revenues, as non-oil revenues amounted to 1.186 trillion dinars. It is higher than the general average of 431 billion dinars, and thus the total revenues for the month of October (last) will be 4.652 trillion dinars. He pointed out that "despite the increase in revenues, the government recorded a real deficit of 1.5 trillion dinars, and thus the total cumulative deficit of the Iraqi state for the year 2020 has reached 15 trillion dinars." The institution expected; That "the deficit until the end of the year exceeds more than 29 trillion dinars as a result of the need for the government to pay debts dues at the end of the year in addition to the payments of oil licensing companies, which are expected to be worth more than 13 trillion dinars," according to the statement. LINK JJimmyJJ: Wait... what did I just read?! to audit it in coordination with a special committee from the Ministry of Finance and the International Monetary Fund to update the Iraqi dinar exchange rate before the end of the fiscal year," Ross: Interesting how they seem to be telling the whole world we are going to increase our rate. I always assumed it would be Top Secret until the moment of Boom here it is. Nothing normal about Iraq. Seems the cat is out of the bag. Will be nice to hear our FF's(fireflies) take on all this. IMOO makes the middle of the month around the 15th more exciting. MilitiaMan: I know right... EXPECTED... They just told the world openly that they are to update the exchange rate.. The shot that was heard around the World!! or WHAT!! lol ~ MM I wonder if the brokers around the world heard it yet? lol ~ MM Don961: Two reasons blocking the approval of the 2021 budget, a talk about changing the exchange rate, and concerns about the salaries '' deadlock '' 1,739 Policy 12/05/2020 21:55 Baghdad today - Baghdad Parliament's financial reporter, Representative Ahmed Al-Saffar, revealed new details regarding a `` new crisis '' that the Iraqi economy is going through, and that concerns the political and technical consensus regarding the budget for next year. Al-Saffar said, in a televised interview, followed by (Baghdad Today), that "one of the reasons for postponing approval of the budget for 2021 is the changes witnessed by oil prices during these days, and this justifies the delay in approving the draft budget." He continued, "We believe that a budget of 70 trillion dinars will be sufficient for Iraq," noting that "budgets that exceeded 100 trillion have not been spent until now." Away from what the parliament is witnessing regarding the upcoming budget, Al-Saffar explained that "there are negotiations between the Ministry of Finance and the International Monetary Fund regarding changing the exchange rate of the dollar," and this matter. Regarding the Baghdad-Erbil agreement, he said, "Regarding the recent agreement between Baghdad and Erbil, a delegation from the region will visit Baghdad to discuss the budget handling mechanism," adding, "We believe that 250,000 barrels per day will be delivered to Baghdad, as well as 50 imports from the ports." He stressed the Kurdistan Regional Government's readiness to "hand over all its imports in exchange for Baghdad to spend money for oil-producing companies." On the other hand, a member of Al-Iqtisadiah, Mahmoud Al-Zajrawi, expressed his fear of a third borrowing scenario by the government. Al-Zagrawi told (Baghdad Today), "The postponement of the cabinet session on the file to decide the fate of the 2021 budget may come due to a thorough reading of the financial situation, scrutinizing its items and looking into developing possible solutions." Al-Zagrawi added, "If the postponement is repeated again, this will be the beginning of doubts that it is a government attempt to impose borrowing in the 2021 budget law," and continued, "This is an option that we will reject and will push us to demand its dismissal because the implications of borrowing are very bad for the Iraqi economy." He expressed his hope that "the government will complete the budget file and expedite sending it to the House of Representatives for study and approval before the deadline for paying salaries next January to avoid major problems." Al-Zajraoui indicated that "if the government really has determination on the third borrowing file, we will consider the impact in settling the budget as a pressure card on the street through the gate of delaying the payment of salaries in order to approve it," noting that "what we are presenting now is just doubts, hoping that the budget will be taken Its course is in the discount without the borrowing file. " An informed political source revealed the reason for the postponement of the cabinet session to be held today, Saturday, to discuss the draft general budget law for the fiscal year 2021. The source stated in an interview with (Baghdad Today), that “the cabinet session was postponed until next Tuesday, due to lack of agreement on a price My guess is for a barrel of oil in the bill. " He added, "Among other reasons, the deficit rate was not specified in the draft budget, and there was no agreement on the value of the loans in it." On Monday (November 30, 2020), Prime Minister Mustafa Al-Kazemi directed to send the 2021 budget to the General Secretariat of the Council of Ministers immediately for the purpose of checking it. The spokesman for the General Secretariat of the Council of Ministers, Haider Majeed, said in a press statement, "Al-Kazemi directed the Ministries of Finance and Planning to send the 2021 budget immediately to the Cabinet Secretariat." He added, "The prime minister directed the ministries of finance and planning to send the budget for the purpose of scrutiny by the legal department in order to allocate an extraordinary session for discussion and refer it to the House of Representatives for approval as soon as possible." Majeed pointed out that "the government and parliament are unanimous in the need to expedite the approval of the 2021 budget. Cabinet spokesman Hassan Nazim announced that a special session would be held for the purpose of discussing the draft federal budget law for the next year. link ************ Don961: l-Kazemi's advisor identifies 4 factors to get out of the financial crisis 294 Economie 12/06/2020 18:27 Baghdad Today - Follow-up The Prime Minister’s Adviser for Financial Affairs, Mazhar Muhammad Saleh, confirmed today, Sunday, that financial planning will not determine the future of the coming months. The official news agency quoted Saleh as saying that "financial planning is what determines the future of the coming months, starting from the first of January," indicating that "everyone is waiting for financial planning to know how to determine expenditures and revenues and address the deficit, if any." He added, "Exiting the financial crisis depends on management, compression of expenditures, maximizing resources and setting priorities in the correct manner, so that there are things that are subject to pressure and installments." Regarding the possibility of Iraq borrowing again to fill the deficit, Saleh stated that "borrowing depends on the budget law and is determined by law in the House of Representatives," pointing out that "there are limits to the borrowing process," noting that "the danger lies in relying on one resource, oil, and setting its prices in the outside". The Parliament's financial reporter, MP Ahmed Al-Saffar, revealed new details of a "new crisis" in the Iraqi economy, which concerns the political and technical consensus regarding the budget for next year. Al-Saffar said, in a televised interview, followed by (Baghdad Today), that "one of the reasons for postponing approval of the budget for 2021 is the changes witnessed by oil prices during these days, and this justifies the delay in approving the draft budget." He continued, "We believe that a budget of 70 trillion dinars will be sufficient for Iraq," noting that "budgets that exceeded 100 trillion have not been spent until now." Away from what the parliament is witnessing regarding the upcoming budget, Al-Saffar explained that "there are negotiations between the Ministry of Finance and the International Monetary Fund regarding changing the exchange rate of the dollar," and this matter. On Monday (November 30, 2020), Prime Minister Mustafa Al-Kazemi directed to send the 2021 budget to the General Secretariat of the Council of Ministers immediately for the purpose of checking it. The spokesman for the General Secretariat of the Council of Ministers, Haider Majeed, said in a press statement, "Al-Kazemi directed the Ministries of Finance and Planning to send the 2021 budget immediately to the Cabinet Secretariat." He added, "The prime minister directed the ministries of finance and planning to send the budget for the purpose of scrutiny by the legal department in order to allocate an extraordinary session for discussion and refer it to the House of Representatives for approval as soon as possible." Majeed pointed out that "the government and parliament are unanimous in the need to expedite the approval of the 2021 budget. LINK Don961: A "preliminary agreement" between Baghdad and Erbil ... oil for salaries Sunday 06 December 2020 Baghdad: Hoda Al-Azzawi The central government reached with the Kurdistan Regional Government a "preliminary agreement", which includes sending the salaries of Kurdistan employees, in exchange for handing over 250 thousand barrels to the federal government with 50 percent of the border crossing revenues. This agreement is somewhat similar to the previous agreement in the government of Adel Abdul Mahdi, with the addition of some paragraphs, as it will be included in the 2021 budget, which may accelerate its approval in Parliament. The differences between Baghdad and Erbil escalated against the backdrop of the parliament’s approval of the “Financing the Financial Deficit” law, which enabled the Iraqi government to borrow internally to pay the salaries of employees. The law stipulated that the Kurdistan Regional Government of Iraq pay its financial dues to the federal government, before proceeding with the payment of employees' salaries. The reporter of the Parliamentary Finance Committee, Ahmed Al-Saffar, said in a statement to Al-Sabah: "The federal government reached with the regional government the same old agreement, which was supposed to be included in the 2020 budget that was not approved." He added, "The agreement included delivering 250 thousand barrels per day to Baghdad, in addition to 50 percent of the ports' revenues, in return for the Kurdistan region's share of the federal budget, which amounts to 12.67 percent, at the forefront of which is salary insurance." He pointed out that "this initial agreement will be included in the 2021 draft budget." For his part, a statement by the Presidency of the Kurdistan government said, "The regional government president, Masrour Barzani, met with the regional government delegation that negotiated with the federal government, and the meeting discussed the latest developments regarding the course of talks with the federal government regarding salaries and financial rights for the region." LINK ************ Samson: Economic Outlook: A deficit in the Iraqi budget of more than 29 trillion dinars by the end of 2020 6th December, 2020 On Sunday, an institution for studies monitored that the monthly expenditures of the Iraqi government exceeded the 6 trillion dinars barrier for the month of October, exceeding the general average for the year of 5.7 trillion Iraqi dinars. The Future Iraq Foundation for Economic Studies and Consultations stated, in a statement received by Shafaq News; Operating expenses related to salaries rose to reach 3.45 trillion dinars, surpassing the general salary average of 3.34, an increase of 3.45%. The statement pointed out that the expenditures for social care increased by 19% compared to the annual general rate, to reach 1.5 trillion dinars. And he indicated that "the total expenditures of the Iraqi government have increased by 5.85% from the annual rate to reach 6.12 trillion dinars," noting that "the general rate was 5.7 trillion dinars." The statement added that "at the level of imports, imports achieved an increase of 8% compared to the general rate of imports, and despite the decrease in oil revenues by 10% from the general average, a significant increase of 175% in non-oil revenues, as non-oil revenues reached a value of 1.186 trillion dinars. It is higher than the general average of 431 billion dinars, so that the total revenue for the month of October (last) is 4.652 trillion dinars." He pointed out that "despite the increase in revenues, the government recorded a real deficit of 1.5 trillion dinars, and thus the total cumulative deficit of the Iraqi state for the year 2020 has reached 15 trillion dinars." The institution expected; That "the deficit until the end of the year exceeds more than 29 trillion dinars as a result of the need for the government to pay debts dues at the end of the year in addition to paying the amounts of oil licensing companies, which are expected to be worth more than 13 trillion dinars," according to the statement. LINK
    32 points
  49. You must still be flying Domestic in the US! I remember when Venezuela was a VERY wealthy too. I couldn't imagine the day would come that the US would be reliant on foreign aid? Looking for an RI/RV before President Trump leaves office (and though I hope that is in 2025), I am thanking you again (and in advance) for creating this site and the opportunities for us to learn about LEGAL Wealth Retention strategies and options through the VIP Section, and establishing things well in advanced and 'seasoned' well before it is necessary. If ANYONE doesn't believe that the incoming group of Politicians are not going to look for and at EVERYONE'S assets and income, and then find the appropriate tax (retroactive if necessary) as a way to keep funding the US government... Well, "You don't know, what you don't know". In a country that is looking into having me and my family provide reparations to a "Select Group" for something that had not been legal or practiced for 50 years before my ancestors ever arrived in North America, what is next? Will the US start demanding reparations from Denmark, England, France, Germany, Ireland, Italy and Scotland, (where some of my ancestors LEGALLY immigrated from). And what about my 'Native American" (Cherokee, Seminole and Sioux Nations) ancestors? I know the latter ones listed didn't invite anyone to move here, take the land and resources, and do their best to exterminate them (where's their reparations (don't say a 'Reservation' or Casino)? I was brought up as an American! A proud to be American. Someone whose ancestors on occasions went to war against their ancestral home home because they loved America, and the opportunity it provided them to make a better life (if they were willing to WORK). Sorry to go off on a rant here (its been a rough week on us all). I will retain my US Citizenship, and fortunately that currently still opens many doors. As a member of VIP I am aware of other options. I suppose I will one day be showing videos and looking at family pictures, and people will be asking where that was? Best wishes to everyone, and I hope you enjoy you Thanksgiving! (you know the RULES this year). Fortunately I have plans to be on the sea, where we can still do pretty much as we please, and with who we please!
    32 points


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