Floridian

George Soros did it. Why can't we? Although the British Pound is not all that exotic.

Well, that's as clear as mud. I just don't understand why Arabic can't be translated as easily as German, French or any other language. I understand they have fewer words than the English language, but still it doesn't make any sense.

Oh yes! I see it now. Sorry.

I forgot about the solar eclipse on the 21st. So many things happening at once! Am I understanding you correctly? Frank is saying the RV will be 8/21? He always says he doesn't give "dates or rates", according to what I have read on Recaps.

I know, I know, Thuggie. I have all those quotes from Navira saved on my computer, and plan to read them every day until the end of the month. I hope and pray that she's right.

Yes, you're right 10YL. He said the best time, not the only time. WOW! So many people waiting 14 or 15 years. I admire you all.

Hmmmmm. Alright, stop trying to convince me, everybody. A lot to think about. My head is starting to hurt.

Hmmmmm. That's true! Usually the Government requests a holiday.

Okay, I don't want to argue. I hope everyone is right. We're gonna see - "In the coming week".

I remember that too, they said if they were CLOSE to the beginning of the year (soon-after) it could be retroactive.

I remember Shabibi saying the best time would do it would be the beginning of the fiscal year. Does anyone else remember that?

I remember reading, a couple of months back, where the CBI sold (I think it was) $40 or $45 million dollars worth of dinar to a single buyer. Of course you can guess who the first person that popped into my mind was. Does anyone still have that article? I wish I would have kept it.

Yes, I think "coincidence". They have had plenty of 3 day holidays before. But I do remember Shabibi saying he needs 3 days. Believe me, I hope I'm wrong. I never want to be right when everyone thinks an RV will happen and I think it won't happen yet. I'm just so tired of being disappointed over and over again and hate to get my (and everyone else's) hopes up. I hate being a "negative Nellie". I'm just trying to keep it real.

And what about deleting the zeros?

Here's a negative thought I just had. Sorry about this, but trying to keep it real so as not to have, yet another disappointment. Would it even be possible for them to RV in August which is not the beginning of their fiscal year and also, not even the beginning of a quarter? Wouldn't it throw off their books (bookkeeping)?

Never mind the dates, I say YES to more holidays! The Iraqis work much too hard and need as many holidays as they can get! All in favor, say AYE!

Well that sure is a monumental undertaking! I wonder how they expect 4 countries to give up territory? Seems to be a losing battle, and a waste of time for the Kurds. Hopefully, they know that and are just rattling their sabers in order to get Baghdad to treat them fairly.

"The Kurds are seeking an independent state since the end of the First World War, dividing the Middle East into the countries currently recognized, and splitting their state between the states of Turkey, Iran, Iraq and Syria, one of the countries most opposed to the referendum and the separation of the region by self-rule." Are the Kurds wanting to form their own country not only in Iraq, but to include the Kurdish areas of Turkey, Iran, and Syria? This is the first time this thought has crossed my mind, due to reading the above.

Glad to see Iraqi's are changing their minds about banks. They don't have much choice since Iraq is aiming to be a "cashless" society.

Congratulations on your 3rd baby. Wishing you all the best.

"The bank will set up ATMs at the Ministry's headquarters to pay employees salaries on time when the information is sent to the bank by the ministry. The salary of the employee will be two thousand dinars (less than two dollars),regardless of its value. She explained that the employee has the right to withdraw his salary from any ATM outside the headquarters of the Ministry and bear the cost of less than 3 dollars, if the bank outside the framework of the Iraqi Trade Bank." I take the above to mean this: Employee salaries will be paid mostly on debit cards. Since Iraqis don't trust banks, they will probably want to take out the entire salary right away. The bank will charge $2.00 for this. If they use a bank other than their own, that bank will charge $3.00. Since they don't make a lot of money in Iraq, a $2 or $3 charge is hefty. I think this may be an "incentive" to keep their money in the bank, and pay their bills and buy things with their new credit cards.

I just read this thread from the beginning, for the first time. I don't know how I missed it before. The way the CBI stuff is written, certainly sounds like a LOP to me - but I'm counting on Navira being right about an RV this month. God bless you, Navira, and thank you for blessing us with your vision.

Now, that's funny!

"25. The government will gradually remove remaining exchange restrictions and a multiple currency practice (MCP) with a view to eliminating exchange rate distortions. Such a move towards acceptance of the obligations under Article VIII of the IMF’s Articles of Agreement will send a positive signal to the investor community that Iraq is committed to maintain an exchange system that is free of MCPs and restrictions for current international transactions and thus facilitate creation of a favorable business climate. As a first step, on October 16, 2016, the CBI made the weekly limits on the purchase of banknotes at the foreign currency auctions indicative, in the sense that any bank requiring additional cash for their clients’ legitimate travel expenses can obtain the required amount above these limits based on appropriate documentation. As a second step, the CBI issued clarifying implementing regulations, to remove the limitation on transfer of investment proceeds that gives rise to an exchange restriction (SB, Table 2)." From further reading, I'm pretty sure they have to be Article VIII compliant BEFORE they are allowed lift the exchange rate.

They need to get to 2%. Unfortunately, 6% won't cut it.