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Carrello
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Posts posted by Carrello
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7 hours ago, 3n1 said:
id bet #1 topic was clearing the bank channels and getting set up for exchanging iqd ......
Disclaimer : not to be taken seriously , cheers dv'ers
I agree. I believe they are working on the final plan: public and financial institution education and pr, currency distribution, deployment, etc. Let's not forget it was the USA and our military that printed the last Iraq currency (I believe the lower denims are printed, otherwise we are in for a wait), and our military distributed the new currency and destroyed the Husseim notes, which was a monumental task. It wouldn't surprise me to see the note distribution heavily aided and protected by our military in Iraq. We will not let Iraq mess this up. Nor will we let Iran intrude.
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$3.33 was a false rate that Saddam implemented. The rate was based on ego and not reality.
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Most worked for Maliki. It was a form of survival.
The USA is all over Iraq. The US Treasury is instructing them what to do, and they do it. Officials are flying to Washington DC is a few weeks to discuss of the dinar/dollar value: All the way to DC to discuss a possible 20% increase that would simply swing it back to where it was recently? Sure. All the agreements with the USA (i.e. SOFA) that they can't wait to adhere to. Sudan government allowing US troops to remain in Iraq. Meeting in Jordan with neighboring countries to figure out how to drown Iran. And there is so much more.
And the USA would allow Iraq to put the CBI in the hands of an Iranian sycophant? I don't think so. And don't forget everybody said al-Alak was a shoe salesman in his prior career. I don't think so.
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32 minutes ago, Fimum said:
I can understand your skepticism. Years of hearing the likes of, "just wait until the Durham indictments come out" have made me moderately jaded as well. DJT did more for the country than Reagan and JFK combined, but sadly surrounded himself with deep state operatives and people working against him. I'm torn on having enthusiasm for another run, or to look to a younger American First individual with less baggage. The more I read, the more convinced I am that the uniparty serves an almighty CIA cabal that only the second coming can unravel.
Please stop! My sides are aching and I just blew milk out my nose.
Got to run. I'm hungry and I need to find a live baby to munch on.
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It's early morning and I really need to walk the dog, but I'm laughing so hard I can't get off the couch.
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1 hour ago, Carrello said:
Selling dollars directly to citizens also takes IQD off the streets and out of mattresses.
I did not convey my thought completely and should have said "CBI selling dollars to approved banks, and banks selling dollars to the public, takes IQD off the street and out of mattresses." Thanks.
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Selling dollars directly to citizens also takes IQD off the streets and out of mattresses.
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- Popular Post
- Popular Post
6l410, in the past (10 years or so ago) I was a news poster on DV and other sites. I know the time, effort, and dedication it takes to keep people informed. So, thank you for your efforts to keep Dinarians informed and up to date on this investment. Best to you.
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1 hour ago, screwball said:
Yes usin relation to there app and new software?
Screwball, are you asking if this new program is opening the ISE to international investors for the first time due to the new program? The ISE has been open to international investors for quite some time. I'm sure you could use Google to ask your questions and get accurate answers.
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12 minutes ago, screwball said:
You can buy Iraqi stocks from the US without using an Iraqi comoany like Al Karmal? Ther reality is there is no app that allows you to buy and sell Iraqi stocks! And none that allow Iraqi citizens to buy US stocks using Iraqi app!
That was not your question I addressed. This was the question: so the question is will people in the US be able to buy Iraqi Stocks???
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On 12/18/2022 at 8:57 PM, screwball said:
so the question is will people in the US be able to buy Iraqi Stocks??? because if they can then rate will have to change otherwise companies will be bought up for pennies. I expect the ISX to explode once they change their rate!! stock markets have rebounded by as much as 5000-13000% immediately following long protracted drawn out civil wars!
US residents can buy stock on the ISE now. Very similar procedure to opening a Warka account.
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Wiljor, the information was published in the NYT this morning too from a reporter in Baghdad.
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Maliki and his ilk are publishing many articles about their progress and when they will have the new parliamentarians placed.
One main premise of propaganda is to put it out and then repeat it and repeat it and repeat it. Then it is believed. Ask Hitler.
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Meet Top Iraqi Officials at IBBC Conference
19th May 2022 in Construction & Engineering In Iraq, Investment, Iraq Banking & Finance News, Iraq Industry & Trade News, Iraq Oil & Gas News, PoliticsIraq is on the cusp of forming a new Government and is benefitting from high oil revenues and stability. The IBBC Spring conference is ideally timed for a potential new Government announcement with key players in both oil and finance speaking and sharing their vision of what policies and the future landscape lies in store for Iraq and the private sector.
Iraq is clearly open for business, and we can expect to hear strong indicators of where the economy and investment will be directed and how banks and government expect to achieve this.
Addressing the new government agenda of reforms, we have a panel dedicated to the Iraqi Government White paper, led by Dr Alaa, the executive director or the Prime Minister's reform unit.
It is also expected that the Minister of Oil will announce several investment opportunities that will be discussed in a separate session after the energy panel during the afternoon
This is your opportunity to meet these confirmed speakers: the Minister of Oil H.E.Ihsan Abdul Jabbar Ismaael, the Governor of the Central Bank of Iraq, H.E Mr. Mustafa Ghalib Mukheef, Ms Taif Sami, Deputy Minister of finance, the Minister of youth and sport H.E. Adnan Darjal Motar Al-Rubaye, and higher education, as well as a Dr Salem Chalabi, President & Chairman of the Trade Bank of Iraq and a delegation of Iraqi private banks. In addition, key IBBC members including BP country director Zaid Elysari, Shell, Total, GE, Siemens, KBR, SKA, Serco, Petronor and Petrofac, PWC, EY, Standard Chartered Bank, JP Morgan, TBI, SAP, Barclays, City and Guilds among many, and from the UK Government Mr Louis Taylor, director of UKEF are attending.
The overall theme will examine how Iraq can sustain economic growth going forward, through the significant speaker energy, finance and Insurance panels who will discuss this at length.
New topics include privatisation of state-owned enterprises at a round table discussion led by Prof. Frank Gunter with the participation of the Prime Minister's Office, additionally, a special paper on the subject written by members of the IBBC Advisory Council will be launched on the day and form the backdrop of the discussion.
Panels on project finance and energy transition are included during the day.
Beyond these topics many companies will find ample opportunity to meet the key speakers, as well as network with large businesses in Iraq and UK during the conference and in separate sessions. IBBC constantly advocates for the opportunity of private business to change economies and this conference confirms the benefits business brings to Iraq.
Economic sustainability is not just confined to energy and finance sectors as the knock-on effect of an expanding economy is creating big demand for skilled employees across all sectors, an issue that will be addressed by the educational panel including MSelect, who's Iraq employment report has shed great light on the unprecedented nature of skills and sectoral requirements and how they might be addressed.
IBBC are very proud to be holding, possibly our best conference and we hope those companies' operating in Iraq and considering joining our council, will attend at this time of opportunity and evolution for Iraq's economy to meet the people who are shaping its future.
https://www.iraq-businessnews.com/2022/05/19/meet-top-iraqi-officials-at-ibbc-conference/
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Tenth Iraq Day at The Mansion House
Sustaining Iraq’s Economic Growth
IBBC Spring Conference, Tuesday 24th May 2022 AGENDA
08.00 Arrival and registration, tea & coffee 08.55 Move to the Egyptian Hall
09.00 Welcome Addresses:
Baroness Nicholson of Winterbourne, IBBC President
Alderman Vincent Keaveny, The Lord Mayor locum tenens
British Minister tbc
H.E Dr Ihsan Abduljabbar Ismail, Minister of Oil, Government of Iraq H.E Mr. Mustafa Ghalib Mukheef, Governor of the Central Bank of Iraq H.E Mohammed Jaafar Al-Sadr, Iraqi Ambassador to the UK10.10 Tea & Coffee break
10.50 Keynote address: Mr Louis Taylor, Chief Executive, UK Export Finance 11.00 Keynote address: Ms Taif Sami, Deputy Minister of Finance
11.05 Keynote address: President, Iraq Private Banking League (tbc)11.10 Session 1: Implementation of the Iraqi Government’s White Paper
Chairman: Mr Shwan Aziz Ahmed, IBBC Advisory Council
Panelists: Dr Alaa Al-Saedi, Executive Director PM’s Reform Management Cell, Professor Frank Gunter, Lehigh University11.35 Session 2: Developing the Banking Sector
Chairman: Mr Ismail Maraqa, PWC
Panellists: Dr Salem Chalabi, Chairman of TBI, Mr Richard Wilkins, JP Morgan, Mr Brahim Razgallah, Barclays, Mr Mohammad Al Mossawi, Moody's Analytics10.50 Women’s Group Roundtable Discussion (South Drawing Room) 12.20 Tea & Coffee break
Iraq Britain Business Council (IBBC), a company registered in England and Wales with company number 06929280 Registered as an NGO in Iraq with registration number 2D76104
12.45 Session 3: Project Finance
Chairman: Mr John Curtin, E&Y
Panellists: Mr Khalid Murad, DG Public Debt - GOI, Ms Cristina Bergomi, GE, Mr Adeeb Nezer, UB Holding, Mr Faruq Mohammed, Standard Chartered Bank, Mr Tim Palmer, UKEF12.45 Insurance Roundtable Discussion (South Drawing Room)
Chairman: Ms Sarah Safa Kasim & Mr Douglas Way, Al Maseer Insurance
Panellist: Mrs Israa Dawood, Legal Advisor to the National Insurance Company at the Ministry of Finance12.45 KRG Ministerial Round Table Discussion (North Drawing Room) 13.30 The Rasmi Al Jabri Award
13.40 Lunch, Long Parlour
14.50 Tech Forum (South Drawing Room)
14.50 Privatisation of State-Owned Enterprises Roundtable Discussion (North Drawing Room)
14.50 Session 4: Energy Transition – Challenges and Opportunities
Chairman: Dr Luay Al Khateeb, Iraq Energy Institute
Panellists: Mr Kareem Hattab, Deputy Oil Minister Upstream; Mr Zaid Elyaseri, BP; Mr Rasheed Janabi, GE Iraq;16.00 Tea & Coffee Break
16.20 Energy Transition Roundtable Discussion (room tbc)
16.20 Ministry of Oil Investment Projects Roundtable Discussion (room tbc)16.20 Session 5: Education and Skills
Chairman: Professor Mohammed Al Uzri, IBBC
Panellists: Mr Hal Miran, Mselect, Mr David Tannourji, Mselect, Ms Anna Esaki-Smith, Education Rethink, Mr Tony Degazon, City & Guilds17.40 Close of the conference
Sponsors:
Gold Sponsors – Sardar Group & Hydro-CIraq Britain Business Council (IBBC), a company registered in England and Wales with company number 06929280 Registered as an NGO in Iraq with registration number 2D76104
https://iraqbritainbusiness.org/wp-content/uploads/2022/01/2022-05-11-Spring-Conference-Agenda.pdf
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23 hours ago, Theseus said:
Apparently you don't read if you call Luigi the author of the posting. He does nothing more than Roncarpa by posting what other so-called gurus are saying. This is why it is in the RUMOR section. If you think this gospel and truth, you are so gullible that I could probably pick a rock up and sell it to you as a moon rock. There are far more people that could be gotten rid of on here than Luigi.
One last word, if you don't like Luigi's posts, DON'T READ THEM. It's that simple.
"One last word, if you don't like Luigi's posts, DON'T READ THEM. It's that simple."
I'm guessing that advice could apply to to the reading of all posts.
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Please tell me who would listen to and/or take seriously a guru called "Pimpy?"
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Dinarrock, it was a market "reaction" and not a trend. Don't despair.
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Well, that, and Kaperoni is basically saying he thinks one million IQD will be worth $500, far less than most paid for it.
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Why would Iraq want outside investors to "dump" their IQD when the RV would have no affect on Iraq? It has been understood the IQD exchanged in the US would be placed into the federal foreign reserves, never returned to Iraq for accounting.
A couple of things....First the zeros off the current dinar do not change. That makes me wonder. And second though they are holding symposiums to teach Iraqi's, this still is only a proposal. The CBI has not formally stated it is official or confirmed it is their plan. And lastly, as I have said, parliament would have to vote and agree to a new currency. So I would sit tight, not sell your dinar or do anything different until we know for fact what is going to happen.
My personal view remains the same..that the current dinar gradually rises (floats) as a result of the success and growth of Iraq's economy.
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Today's pizza...mushrooms, black olives and pepperoniApril 15, 2022 at 4:12 PM Flag Quote & Reply I agree with KAP. In fact, I would not be surprised to find out that the 50 cent exchange proposal is a red herring. Think about it: if you believe that your $1000 worth of dinar (1 million) will only be worth $500 next year, wouldn't you be tempted to unload dinar now? Of course you would! I personally think this is an attempt to get us to unload the dinar we are holding. It almost has to be the case since we outside of Iraq are sitting on trillions of dinar. If they can get a lot of us to dump our currency now (taking a 50% loss) then they will be in a better position next year to come out with a conversion rate of $1 to 1000 dinar later.
This is pure speculation on my part, but it seems to me to make sense. They are tempting us to dump. I agree with KAP: sit tight and wait until the dust settles.
I also agree with KAP that a true LOP has never been in the cards for Iraq. I read through what he posted here and sent me and the examples given of other countries like Turkey, Algeria, and others, are not even remotely similar to what is going on in Iraq. In particular, Iraq does not suffer from rampant inflation. It was the inflation that caused the zeros to be ADDED to the other country's currency. This is not the case in Iraq. The zeros were added intentionally just after the Iraq war for no other reason than to make it impossible for Iraq to continue a fight. There was no other justification given.
Therefore, I conclude, with KAP that when the dust settles we will at least reach parity ($1 per 1000 dinar) or better. I also think that when the dust settles this will be shown to not be a LOP but rather a movement to a FLOAT that will coincide with removal of the zeros. Remember, the plan was given us years ago by Saleh (the same man who is in this article, incidentally). Back then the goal was to reduce the money supply as the value rose. It will not surprise me to see the end result be what Saleh proposed years ago. In fact, it would not surprise me to see the FLOAT precede any movement to a new currency without zeros. As the value rises the large notes (25000 dinar) will be exchanged for smaller notes until, hopefully, and in a short period of time, ideally, they will no longer be found in the market at all, having been replaced by smaller notes that hold the value originally held by the three zeros notes.
It is no accident, in my view, that Saleh is referenced as having input in this process. It was he who proposed years ago a float of the dinar and a gradual removal of the large notes (and reduction of the money supply) as the value of the dinar rises. Finally, in this article it is stated clearly several times that the goal is to raise the value of the dinar. This sort of language would not be used if the intention was merely a LOP.
Good find, KAP!
April 17, 2022 at 3:58 PM -
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It's difficult to see the complete picture Kaperoni is attempting to present without seeing the documents he is referencing. I can post them if anyone wants to see them. Here is a one comment from Kap on this when reviewing information one year old:
So here is my view..several economists last fall held symposiums in Iraq to discuss deleting zeros. Papers have been written with a plan and submitted to the central bank on the timing and process. This particular plan was written by Dr.. Yusuf Hakim Ghadeer the General Directorate of Education Babylon. It was posted on the AL GHAREE for Economics and Administration Sciences 2021, Volume 17, Issue 2, Pages 92-106
https://www.iasj.net/iasj/article/216703
I have translated it and discusses the same things as this article posted above on Pukmedia.
If they proceed with this plan, it is stated the conditions are now correct for implimentation. The timeframe is 1/1/2023 to 1/31/2023.
The concern is what the intent is..this is my understanding.
Iraq will issue a New Dinar. That dinar will be internationally recognized without zeros (1, 5, 10, 20, 50 etc.)
The current dinar (what we own) will continue and used / removed over time.
The current dinar will have rate of 1000 to 1 of the New Dinar.
The exchange rate of the New Dinar globally will be approximitely $.50 to the dollar initially (according to the article above).
So what this means is the following:
If you own a million of the current Iraqi dinars you can exchange them for 1000 New Iraqi Dinar (timeframe to exchange them not given but may be limited).
1000 New Iraqi Dinars will have an exchange rate of about $500 (1 New Dinar is equal to .50 cents in article) US dollars initially.
The intent is to peg the New Dinar to a basket of other currencies (partial float) and allow it to rise based on investment and growth of the economy in Iraq. The New Iraqi Dinar value could eventually rise higher against the dollar thereafter.
They claim this New Dinar (without zeros) would be internationally recieved and accepted in transactions. Would reduce the money supply from trillions to billions, and would create excitement in Iraq to use the New Dinar and would reduce the usage of dollars in Iraq. The currency auctions would also end since the New Dinar is internationally traded/pegged to a basket and floating. Would also eliminate corruption from the auctions since they would end.
My problem with this is the initial exchange rate offer (1 New Dinar is equal to $.50 US dollar) is a further reduction in the exchange rate therefore would create even more hardship for the citizens. I do not believe $.50 is appropriate and would have to be at least equal too or higher than the current rate of 1000 dinars (1 New Dinar) about $.68 cents.
This article is in essence a form of a LOP or redenomination.
-- Today's pizza...mushrooms, black olives and pepperoni-
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Douglas Silliman reveals the secrets of the Iraqi delegation's visit to Washington and makes recommendations regarding the dollar
in Iraq & Dinar Related News
Posted
You mint coins, you don't print them, and actually "coins" is used for both paper and metal currency. "Currency" is a system used for exchange.