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Tubbs

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Posts posted by Tubbs

  1. 3 hours ago, ChuckFinley said:

     

    Hi Wiljor and Presence, trust me when I say, "I am no economist". I am a guy sitting here have coffee reading the posts. I have been in this for sometime. It is more my thoughts on the subject. I have no inside info, 1-800 numbers or a glass ball (can not afford a crystal). It very well could be a .10 and I would be very happy. I just did not added it because, why would you turn in the USD for something that is 10 times of less value. If it came out real low you would have black markets opening up all over the place. Investors would be jumping all over the low value of companies and taking big positions in them. This would also hold true for the 1 to 1 but it will cost more to get in. People would still be using the USD. People just would not have the faith in the currency needed to build Iraq on. Even when it was $3.30 I am not sure how big of a trade they were doing outside of oil. That is something I will check out. My guess there are some numbers guys here that know that answer. I even discarded the fact of them losing face with other nations in the area when go head to head in currency value.

    Oh boy i am about to step in it. I read a lot about Kuwait and I did not count it into my thoughts on the dinar. Kuwait was short and sweet. Occupied and free within a short amount of time and almost everything there was in working order. Iraq, under Maliki, Iraq is praying to be a third world country. Maliki is a whole pain in the butt by itself. Trying to recapture the assets stolen by him and his gang will be key. Since he is the one with the most cash it will be up to the investigators to freeze his account and recover the assists. Plus the few others that are being called out to repay.  That is the wide card here.

    I would be VERY happy at .10, I am hoping for 1 to 1 and not even counting on $3.30. It would be nice, but I really need to get my house in order and at .10, it would go a long way to stabilizing my life as well as others here and for the people of Iraq.

     

    I've been lurking for quite some time haven't chimed in until now, your thoughts are on point thank you for sharing.

     

    I'll buy the first round ;)

     

    G:) RV             GB) RI

    • Upvote 3
  2. 3 hours ago, yota691 said:
    History of edits:: 6.8.2016 13:36 • 29 visits readable
    Economist: State-owned banks to exempt managers correct decision to activate and global integration
    [Oan- special] 
    counting the Economist, the decision Prime Minister Haider al - Abadi to exempt state banks managers to "right and proper".
    Dawood Al Zayer told all of Iraq [where], " The decision to exempt government banks managers and restructuring correct decision, sound and bold and must circulate this decision on the rest of the financial and banking institutions to activate and integrate globally." 
    He added that "TBI [TPI] distinct from the rest of the banks governmental Organizations of the Ministry of Finance which is Mthrih and marred by corruption and suspicion and deal Bberkratih and favoritism and can not integrate with the global economy , a distant and isolated from the economic and banking development. " 
    among Zayer," The bank of Iraq trade is integrated with the global economy and has relationships outside of Iraq ,a fairly good but not the level of ambition, and , unfortunately , this government banks have become owners rather than managers and staff and the decision to exempt a step in the right direction to release it from its directors and their policy failed. " 
    the prime minister was baffled Abadi, was relieved yesterday six managers of banks governmental organizations.
    a statement by his office said , " Based on the requirements of the national interest and the continuation of the approach to reforms overall was Prime Minister Haider al - Abadi ordered Dioanaa appointed new managers in each of the commercial Bank and the Rafidain Bank and Rasheed Bank and the bank 's real estate industrial Bank and the agricultural Bank. " 
    the statement attributed the decision to" revitalize the banking sector and Sir national strategy to stimulate the economy and create jobs and implement the launch of loans for projects industrial, commercial and residential citizens the best formula, according to the government 's plans. "

     

    ABADI - Cleaning house !!!

    GO RV    GO RI

    • Upvote 2
  3. Folks I have been invested for 9 years now and DO NOT get excited about much (I am a lurker not much into speculation but I am head deep into Speculating today!)

     

    Let Me show you this...to Convert Grams to Ounces and back go to this site...

     

    http://www.statman.info/auto-mass/grams_to_ounces.html

     

    So if you take the above statement saying that they will sell 22 gram coins (they also stated 15 gram coins), converting 22 grams into ounces you get

    22 Grams x 28.34952 =.776 ounces at the spot price as of now is $35.34 per gram / $1109.20 per ounce so...

     

    22 x $35.34 = $777.48 per Coin

     

    Now did I miss read the above statement saying that this Coin would be sold for 250 Dinars?

     

    $777.48 / 250 Dinar = $3.10992 US Dollars Per Iraq Dinar ?????????????

    (You may now pick Me up off the Floor)

     

     

    That would be alot of       C :backflip: IN

     

    G :eyebrows:  RV         G :twothumbs:  RI

    • Upvote 1
  4. Rashid said that "prices of hard currency stabilized after a few days of taking the Central Bank's decision to cancel the daily auction, and that this contributed to the strengthening of the dinar," predicting that "the coming days will see the return to power of the new dinar"

    I like this paragraph  :eyebrows: 

     

    Delete 2 of the three 00 and put them here - B    M

     

    G B)  RI     G :peace:  RV

    • Upvote 2
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