Guest views are now limited to 12 pages. If you get an "Error" message, just sign in! If you need to create an account, click here.

Jump to content

DoD

Platinum VIP
  • Posts

    2,305
  • Joined

  • Last visited

Posts posted by DoD

  1. On 3/7/2024 at 6:12 PM, 3n1 said:

     

    well all righty then , im not a economist , dont set on the IMF board not connected to any high ups at the world bank dont even know the names of my local bank people but im sure the iqd is not freely tradeable outside iraqs borders without restrictions..... heres hoping , thanks SB & DoD

    Right there with ya 3n1…I know we have some gurus on here but it doesn’t take a rocket scientist to know that. I will put on my guru hat for a second and make a prediction based on facts not hopium. The Chair of the Working Party of the WTO will be back in Iraq in July for a third visit. The article said middle of 2024 so I’ll say July (Fact). Iraq’s politicians have said everything is done but we know that’s not true.
    This part is my speculation. I’m figuring the WTO won’t be wasting their time returning to Iraq in six months for nothing. If the intent for their return is to announce the full membership into the WTO, that means Iraq would have an international recognized currency. In my opinion that would mean some type of RV. The time frame would have to be May-June because Ramadan is in April. 
    Adam thinks the HCL is a player in this mix, if true and the Iraqs are really serious that would give them plenty of time to pass it.

    An RV of anything after Ramadan would work for me….

    • Upvote 1
  2. 4 hours ago, Bama Girl said:

    I’ve researched this topic some as well. I can’t find the phrase “international traded currency”, but I did find this info:

    https://www.wto.org/english/news_e/news12_e/s4_martin_sciences_po_e.pdf
    I believe this info points to a WTO member’s currency must be “exchangeable” with the country with whom they are trading. Thoughts anyone?? Perhaps I’m reading more into the info than is actually there?? 

     

    This could help with your question Bama Girl, a little long but should put to rest your question...

     

    HANDBOOK ON ACCESSION TO THE WTO: CHAPTER 5

    Substance of Accession Negotiations

    Click the + to open an item.

    5.2 Rules

     

    Economic policies 

     

    The main aim of this section of the Working Party Report, and the following part dealing with the framework for making and enforcing policies affecting trade in goods and services, is to provide Members with an understanding of the context within which the applicant’s WTO obligations on specific trade policy measures will operate. Certain information requested is relevant to specific WTO provisions. Discussion in the Working Parties has focussed on the following subjects: monetary and fiscal policies; foreign exchange and payments, including balance of payments measures; investment regime; State ownership and privatization; pricing policies and competition policy.

     

    Monetary and fiscal policies

     

    Experience indicates that information submitted by applicants on monetary policy and fiscal policy should include the objectives pursued, the responsible agencies and the policy instruments used. Summaries of fiscal policies should indicate if any tax reforms have been undertaken and any changes planned. Applicants should also indicate whether they have achieved their objectives in this area and give an account of the present situation.

    The aspects of taxation covered by the rules of GATT 1994 are the subject of the sections on the application of internal taxes to imports and exports. There are no provisions in GATS on taxation.

    Discussion of this item in Working Parties has usually been brief and there are no Protocol commitments in this section of their Reports.

     

    Foreign exchange and payments

     

    Applicants need to describe how their exchange rate is determined, whether their currency is convertible, whether foreign exchange is freely available for trade and payments purposes, whether any regulations exist relating to the retention of foreign currencies, or repatriation or surrender requirements. Applicants should also describe their balance of payments situation.

    While foreign exchange questions are within the jurisdiction of the IMF and trade policy questions within the competence of the WTO,128 foreign exchange questions and trade policy questions are interrelated. Of most direct relevance to the WTO is whether foreign exchange is freely available in payment for current account transactions, as exporters need to know how they will be paid. The WTO therefore recognizes this interrelationship. The GATT 1994 provides that Members must not, by exchange action, frustrate the intent of its provisions and that they must either be members of the Fund or enter into a special exchange agreement with the WTO.129 GATS provides that Members must allow international transfers and payments for current transactions relating to specific commitments entered into under that agreement.130

    Working Parties have been careful to respect the competence of the IMF. While Members have demonstrated an interest in obtaining adequate information on all matters dealt with in this section, they have laid stress on issues of direct relevance to international trade. They have, for instance, focussed on knowing whether applicants are members of the IMF and whether they have accepted Article VIII of its Articles of Agreement which provides that “no member shall, without the approval of the Fund, impose restrictions on the making of payments and transfers for current international transactions”. They have been particularly concerned that foreign exchange controls may be used to regulate the level and composition of trade in goods and services.

    • Upvote 3
  3. 13 hours ago, Artitech said:

    This unusual for a captain SP to be working the flight line! Something strange is happening! This article makes sense, in the fact, we are short on troops! SP captains, don't normally wear fatigues and work the flight line! Where ever base this is, they are short on Sr NCO's and Airmen! Its concerning in my opinion! I hate to say it but I wouldn't advise anyone to enlist in any branch of service as long as the Obiden regime is in control! These demorats will hang you out to dry, and get you killed! They are very stupid plus have no plan! JMHO 🤠 

    This photo is at least 13-15 years old….

    • Upvote 1
  4. 22 minutes ago, yota691 said:
    Source:
     
    1,071 views

    The House of Representatives voted, at dawn on Monday, on the draft budget bill for three years.

    Alsumaria correspondent said that the House of Representatives voted on the draft budget law for the years (2023, 2024, 2025).
     
    Earlier on Sunday, the House of Representatives held its session to complete the vote on the articles of the federal general budget, headed by Muhammad al-Halbousi, and in the presence of 229 deputies.

    Thanks yota for the many years of the posting of these budgets, hoping this will be the last one….

    • Like 5
    • Thanks 1
    • Upvote 1
  5. 3 hours ago, screwball said:

    Suggest you sell then…no use whining you have waited this long 

    Oh I plan on it, whining, whining…LMAO

     

    Would you Iranian cheerleaders please post the articles where they and Maliki say their going to RV the Iraqi Dinar. 
     

    Do you people not read the articles who this new PM is? Knowledge and Google are wonderful things if used….

    • Thanks 1
    • Upvote 1
    • Downvote 1
    • Pow! 1
  6. I hope you’re right yota but the whole world is giving Iraq high fives and congratulations for their new government. 
    Maliki and Iran has pressed forward with forming the government ever since Al Sadr gave up. 
    I’m thinking with all the influence Iran has with the Iraqi federal courts this could be pushed back for a long time. 
    It’s hard for me to believe that we’re gonna wake up in the next few months and Iraq under the guidance of Iran is gonna change the Dinar exchange rate to match the dollar…

    • Thanks 1
  7. 9 hours ago, yota691 said:

    WOW, what took the Iranians so long to takeover Baghdad? 48 hours, they must be slipping. I’m surprised with all the demonstrations and protests in Iran they were able to mobilize that quickly.

    You gotta know Maliki and the boys are having one hell of a party this weekend…

    • Like 1
    • Thanks 1
    • Upvote 1
  8. On 10/15/2022 at 12:08 PM, Hotcurl said:

     

    Based on the premise that Iran holds a bunch of IQD;

    This could be an additional way for Iran to skirt the sanctions and funnel the US $$$, the Euro or ?? into their economy via the RV of the IQD ?

     

    One question I have is; why didn't Iran play this card when Maliki and or the other stooges where in power ?

     

    Personally, I don't think the Iranian currency has much international financial appeal. 

     

    Just sayin'

     

    Semper Fi :salute:

    Sanctions - Capter 7…..

    • Thanks 1
  9. 3 hours ago, yota691 said:

    Iraqi MP: The file of removing foreign forces, led by the US, from Iraq is one of our priorities

    The head of the National Sindh bloc, Ahmed Al-Asadi, confirmed in the Iraqi parliament, on Saturday, that "the file of removing foreign forces, led by the Americans, from Iraq is one of our priorities during the next stage."

    Iraqi MP: The file of removing foreign forces, led by the US, from Iraq is one of our priorities

    Al-Asadi pointed out that "the file of removing foreign forces, led by the US, from Iraq is one of our priorities during the next stage." 
    The representative of the Al-Sadiqoon Parliamentary Bloc, Ali Turki Al-Jamali, had accused, in a previous statement, the caretaker government headed by Mustafa Al-Kazemi of trying to dilute the American withdrawal from Iraq.

    And the head of the National Sindh bloc, Ahmed Al-Asadi, accused, on Saturday, the outgoing government of Mustafa Al-Kazemi of procrastinating and covering up the crime of the assassination of the victory leaders, pointing out that the caretaker government is working to procrastinate the assassination file and cover up the criminals. 
    Al-Asadi said in an interview with "Al-Mawara" agency, "The government of Mustafa Al-Kazemi has not fulfilled its promises regarding the expulsion of foreign forces, led by the Americans, from Iraq." 
    He added that "the crime of assassinating the victory leaders that America committed on Iraqi soil is a flagrant violation of the sovereignty," noting that "the executive and legislative steps do not match the size of the crime committed by America."  

    Source: the information

    Well sure it is, Iran will annex Iraq in a matter of months in my opinion.

    I haven’t figured out yet what I’m gonna do with all this Dinar I’m holding, any suggestions?
    Iran has about bankrupt their country so it only figures they will do the same with Iraq. 

    I haven’t seen any articles on the response from Al Sadr yet. 
    Sorry for venting my disappointment on here but I’ve obviously wasted a lot of years in this big gamble….

    • Thanks 1
    • Upvote 3
    • Downvote 4
    • Pow! 1
  10. It’s starting, Iran now telling the citizens of a supposedly sovereign country where they can travel. 

    This is why Al-Sadr will never agree to the puppet that Iran wants as the PM. 
    I’m not sure Iraq can go another year with this circus their going through now. It appears to me that the only solution is for Al-Sadr to take his army and run the Iranians out of the country. The last time Iraq was free from the Iranian influence was when Sadam went to war with them….
     

    • Thanks 1
    • Upvote 3
    • Pow! 3
  11. This meeting with the UN Security Council ended with exactly what I predicted the other day. 
    Dialog seems to be the catch phrase for all the incompetent tribes and organizations over there. 
    They all know by now that the new government formation runs through the Sadrist block. If Al Sadr will stick to his guns he will eventually force enough of the blocks to side with him…

    • Upvote 3
  12. 37 minutes ago, horsesoldier said:

    More talk. 

    I wonder what Plasschaerts piece of the action (take) is in all of this: 

    Probably came up with a brilliant idea of more dialogue needed. 
    Also probably stressed that the country needed to get out of some type of political crises.. 

     

    I know I’m probably way off base in my thinking but that’s the first thing that came to mind…

    • Upvote 1
  13. Can’t figure out the statement from this preacher, the Sadrist block was part of forming the government for nearly a year. 


    What’s changed since they withdrew from the political circus? 

    Al-Sadr will probably not get back involved in this madness until there is enough votes to make sure that the Iranian influence is minimal. 

    • Thanks 1
    • Upvote 4
  14. With regard to the Central Bank’s issuance of a new denomination of the local currency, he said, “We are working to issue a new denomination of 20 thousand dinars in order to keep pace with the requirements and to match the neighboring countries,” adding that “we will begin announcing the new denomination after completing its requirements.”
     

    Just checked and the neighboring countries doesn’t have a 20,000 note except Iran. 
    Not sure if he was referring to Iran when he made this statement because there’s nothing to match with all the other neighboring countries….

    • Thanks 2
    • Upvote 1
    • Pow! 4
×
×
  • Create New...

Important Information

By using this site, you agree to our Terms of Use.