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Synopsis
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Posts posted by Synopsis
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3 minutes ago, Wiljor said:
Good morning Yota, lots of news about the exchange rate as of late. Everyone knows that the Iraq currency is under valued and in order to move the money, said IQD must have value. Bring purchasing power to the iqd please
I also find it interesting to see more articles appearing reporting the EU is helping Iraq to join the World Trade Organization. There was an upcoming meeting reported as well as one in September with EU and Iraqi representatives.
Some believe the IQD needs to revalue before Iraq ascends to the WTO since Iraq is believed to need a tradable international currency to ascend to the WTO.
Looking at all the news articles, I am amazed to see how far back in the Stone Age Iraq was held by the former regime under Saddam Hussein so Saddam could promote his corruption for personal profit. Any news article on Iraqi modernization, to me, is a quantum leap compared to Saddam Hussein era capabilities. Any news about Iraqi modernization and international connectivity is good news but may not be all that is needed for Iraq to be a Sovereign and internationally integrated State. I suspect the valuation of the IQD in the Saddam Hussein era of nominally 3.22 USD = 1 IQD is different than what it will be in the (hopefully) not too distant future. The Saudi Arabian Riyal is nominally 0.266646 USD = 1 SAR while Kuwait is nominally 3.3195 USD = I KWD on www.xe.com.
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16 minutes ago, blueskyline said:
The Teller at the window in the Orange morrocan style shirt has that Coy little Money Smile
Looks like she is doing some type of post IQD RV happy dance, too, with all that IQD around her. Maybe there are lower IQD denominations there! I just hope she ain't rehearsing her post IQD dance moves and this is the real thing!
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20 hours ago, boosterbglee said:
Old pumpers,
never die,
they pump and pump,
until it's dry!
10 hours ago, sandfly said:That was funny bb
Oh, yeah, BoosterBGlee, that is FUNNY!!!
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1 hour ago, SnowGlobe7 said:
LOL Synopsis...I just cant get on that boat...they screamed a few years back about the price of a barrel is tied to the RV....My belief...as warped as I am...is that as long as it is above the budget rate they are good.
Your thoughts here are VERY appreciated by me and I know by others....thank you my friend!
Yeah, I look at www.ino.com during the day. Looks like the crude oil price low was on about April 1 (no foolin'!) and has be rising in price about $0.20/barrel/day. I may be a little too optimistic thinking crude oil may hit $60 mid August or so. It is an American Presidential election year so no tellin' what folks will get all excited about. I'd just like to get excited about an IQD RV! I suspect Iraqi budget issues will be dispensed if crude oil prices maintain above the budgeted $45 or $46/barrel for any length of time with the higher the price the better if the revenues are accurately distributed with little to no corruption.
Your posts are VERY appreciated, too, my friend - Thank You!
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Somebody(ies) are all excited about international commerce with Iraq other than crude oil! I know I am!
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5 minutes ago, SnowGlobe7 said:
Yota....I believe the Iraqi budget called for the price to be $46 a barrel ...am I almost correct?
If so Iraqi is in the money with anything above that....so they are singing at $60
Hey, Snow, I'll be singing when oil hits $60/barrel!
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23 hours ago, TennesseeCherokee said:
Poppy 3........another ignorant chest pounder who should be arrested for his years of intentional lies. He's an old, miserable bass turd .
I agree, TennesseeCherokee. Sad, but true, that there are folks like Poppy3 out there.
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10 hours ago, Wiljor said:
I agree Synopsis, Iraq is becoming a major player in the extraction, production and export of oil. Many international companies have set up shop in the oil industry and have invested hundreds of millions of dollars there. They know something we don't and since OPEC is a conglomerate they will allow Iraq to succeed in this area and continue to squeeze others out of the game, they are almost there and once satisfied we will see oil rise once again, 55-65 ppb is a benchmark they (OPEC) are shooting for and will achieve, perhaps even higher.
Thank You, Wiljor!
I have worked for a very large international oil company. While there, I worked with an older person who was born in and started his career in Pakistan. This person is very sharp and keeps up to date with various crude oil industry news. His belief he shared with me is oil could be sustainably produced to meet the world wide oil demand for the near future at a minimum of around $52/barrel. He shared a more reasonable oil price would be $55 to $65 and depends on oil supply interruptions, excessive oil production, and other supply/market factors. Some oil is really accessible and easy to produce. Other crude oils cost much more to produce and would not be produced unless profitable. Crude oil that costs nominally $40/barrel or less is likely all that is needed to meet crude oil demand at a $52 to $65/barrel price. Manufacturing costs for a particular crude are also a factor in the price of that particular crude.
What really drives the oil price up is speculators/folks who buy crude on paper but have no means for either producing or processing the crude oil. If this speculative/hedging practice was removed, crude oil prices would likely stabilize in the $52 to $65/barrel range.
What happened when crude oil prices went way down is all the crude oil exploration and production companies did was to shelve the capital projects to rework crude oil wells and drill new ones. Over time, the existing supplies will dwindle since crude oil well production depletes over time without reworking existing wells or drilling new ones. As a result, crude oil prices could, in the near term, rocket again and get the crude oil exploration and production companies engaged to meet the market volume of crude oil.
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9 hours ago, Laid Back said:
I believe part of the Iraqi population is in the know about an increase of the dinar exchange rate in the near future
Really good point, Laid Back. Looks like the Iraqi populous is thinking and doing the same thing we are for much the same reasons.
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1 hour ago, Luigi1 said:
6-5-2016 Intel/Newshound Guru Poppy3 …WHY I RELY MORE ON SOURCES RATHER THAN THEIR NEWS MEDIA…HOW MANY TIMES HAVE THEY REPORTED ALL LAWS PASSED OR KURDS ON BOARD, OR ALL WILL BE IN PARLIAMENT, OR BONDS GO ON SALE TOMORROW AND THE ISX WILL OPEN TRADE TOMORROW AND ON AND ON IN THE NEWS WITH TOTALLY MISLEADING INFO…BUT THE BOOTS ON THE GROUND AND PEOPLE SOURCES HAVE BEEN RIGHT ON. I REST MY CASE…
Say What???!!! Has the news media reported all laws past, Kurds on board, all will be in Parliament, bonds go on sale tomorrow, the ISX will open trade tomorrow, and on and on or has this type of information been passed on by delusional and malicious gurus seeking to misinform with the possible intent to scam people post event of their IQD?
The news media has reported the Kurds have agreed to things and then back out but otherwise the gurus have done the things Poppy3 is accusing the news media of doing. The boots on the ground and people sources information has never been correct.
This guru is incredibly brazen in proliferating out and out lies.
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If crude oil prices continue on their current trajectory, crude oil could hit $56/barrel around mid July.
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The article states, "and put a Shammari Speaking to direct the transformation of Iraq 's importance to the digital economy as it provides transparency and significantly reduce the corruption and manipulation and fraud, as well as the reduction of effort and time to stroll public transactions and ease the pressure on staff during the completion of transactions in different ministries and departments."
Extremely good news here. I wonder if this was another stipulation for the IMF, WB, etc. loans. Makes sense if it was. I suspect the bad actors are really squealing on this one and we may just see who they all are in the news soon!
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There is somewhat less than 40 million Iraqis. 40 trillion dinars in circulation/40 million Iraqis means there is about 1 million Iraqi dinar per every man, woman, and child in Iraq. At nominally 1,285 IQD/USD, this is about 1,000 USD per Iraqi. Mechanisms to reduce the IQD on the street would be good news and could include a gradual erosion of the IQD vs. USD to dollarize the Iraqi economy further and make the IQD revaluation easier later. Hopefully the later is real, real soon!
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11 minutes ago, EagleEye said:
Sure works for me Syn !!! Good breakdown...
Thank You, EagleEye!
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The second to the last article states, "World Bank discussed with the reconstruction of areas affected by the mechanisms of lending to the liberated areas of the organization Daash terrorist fund terrorist operations"
This is one piece I was wondering how they would handle. If Iraq was given these loans, are they sure none of the loans would fall into the hands of Daash and fund their operation? In my opinion, the recapture and the start of reconstruction of all the areas previously and currently held by Daash will commence very soon. I may be wrong, but I suspect the capture of all the Daash held territories (towns and cities, too) will occur much sooner than the end of 2016 and was one of the stipulations the IMF, WB, etc. made to the GOI for the loans to start trickling into Iraq now.
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What could be happening here is two fold. First, raising the exchange rate to 1,300 IQD = 1 USD could help level the exchange rate on all venues since there is some variation now (less then 1,300 IQD = 1 USD) to prevent corruption and potential mismanagement once the IQD is revalued. Second, raising the amount of IQD to purchase USD accelerates pulling the IQD out of circulation and dollarizing the economy. Iraqis may wan to part with their IQD in favor of the USD to pull IQD off the streets. With little to no IQD on the streets, the relative wealth of the average Iraqi will remain about the same when the IQD revalues since they hold USD instead of IQD. There may be more steps taken to further increase the amount of IQD to obtain USD to further help the Iraqis dollarize. As a result, taking more IQD to obtain a USD is, to me, a very, very good sign.
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31 minutes ago, EagleEye said:
so what in the world is this saying...Iraqlish is the bane of my reading these articles ???
I could be wrong, here, but I suspect the accurate current census (not conducted in quite some time) is another step for determining citizen from foe to segregate the bad actors (dead people, ghost soldiers, foreign agitators, etc.) from the true general Iraqi populace for future distribution of the oil revenues, social services, etc. via Article 140 and other Iraqi Constitutional directives. My opinion is Iraq was held in the Stone Age by Saddam Hussein so that he (and now others) could perpetrate their vile practices and corruption. Weeding out all the contrary entities should help Iraq function in the long run as a Sovereign State and, in my opinion, will help to sustain (or even improve) the future IQD to USD exchange rate. As a result, completing the census and implementing the mechanism (smart cards or whatever) to the Iraqi citizens (for oil stipends?) would be extremely good news. Every real Iraqi citizen getting money from oil in their pockets aught to make them real, real happae'!!!
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As Yota highlighted, "adoption of external auditors international in accordance with criteria and international standards are supported in addition to the involvement of the Integrity Commission"
External Auditors, Criteria and International Standards, and Involvement of the Integrity Commission. Seems like state of the art 21st Century banking hardware/software/practices are being rigorously deployed while corruption is simultaneously being eradicated. The main one, for me, is the external auditors. Why would they even be there if something was not going to happen internationally very soon?
I am anticipating a significant tsunami of funds returning to Iraq with the help of various international States, the corrupt characters are pretty quickly identified and put in the news with their crimes, and the pace picking up on the integration of Iraq on the international stage.
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30 minutes ago, Tucker8603 said:
My father-in-law emailed us this post by Okie to ask us if this post was true. After reading the information on here, I will let him know it is false. Thanks guys.
Wish it was true but this is the same information Okie has posted years ago when he was posting regularly. In a related Okie post elsewhere, it is suppose to go live tonight. I would give until Tuesday night for sure to absolutely confirm this Intel is bogus like all the other Okie information if you have never heard Okie before. You may want to consider very cautiously any "800" numbers shared by Okie or others. These could (likely) be scammers trying to get people to go to "private" locations advertising astronomical (well, OK, unusually high exchange rates) exchange rates and/or privileged perks. These people may even be violent as well. You may want to check www.cbi.iq or www.xe.com or something like FOREX once the IQD really does go live internationally to see what the real rate is. Scammer may want to issue SKRs to exchange for things like "spikes" in the rates. I would urge caution in hearing such statements.
Just my opinion.
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The recent post states, "WELL LIKE A BAD PENNY I HAVE RETURNED FOR THE MOST IMPORTANT POST I MAY HAVE EVER MADE."
Well, OK, if I had a real penny for every inaccurate and inconsequential post the returned Okie ever made, I wouldn't need a stinkin' IQD RV at "47 cents to 3 dollars per dinar"! Why would Okie refer to himself as a "Bad Penny"? Is Okie inferring his previous "posts" or "intel" was bad or bogus? Or is Okie inferring his "Bad Penny" past posts have been worthless and is an indication of the value of his current and future posts?
I suspect it is a coin toss "Bad Penny" or treasure trove "Goat Nuggets" that has more entertainment value!
I suspect we all need some entertainment of varying degrees to help take the edge off this speculative investment!
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4 hours ago, Whatshername said:UPDATE FROM TEXSTORM"It's by the grace of our Father that we have triumphed! Thank all of you for your prayers and tears and understandings. Channel 11 news Houston just did a follow-up interview for those of you interested in some of the details. I understand that it will be broadcast at 10 pm and I believe there was an earlier version already broadcast at 5 or 6 this evening. I am still exhausted and I really do thank each and everyone of you. Mark Hamilton"Here's the local news story and video...
Dedicated father finds missing daughter in Austin
Thank You, Whatshername, for posting the link to the video and story. I will be praying for Alicia's full recovery in rehab and restored relationships.
Praise the LORD for dedicated fathers like Mark Hamilton who did not back down one bit from an overwhelming challenge. I suspect he will make even the most dedicated fathers warmly proud and encouraged in the challenges they all face!
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Luigi1 - This is retro Okie misinformation that is being posted with little change from when he stopped posting a couple years ago. Why post it if it has been proven patently false in the past? Okie is now on a IQD misinformation posting comeback? Do we stand, clap, and cheer now that Okie is returning to the IQD guru misinformation playing field?
If I remember right, Okie was advertising 1 IQD = 3.22 USD some time ago near the end of when he was posting last and now it is 1 IQD = 5.25 USD? 5.25/3.22 = 1.63. Wow! That is a 63% increase in nominally two years! How did that happen? Did I miss his explanation?
Will Okie now be posting any 1-800-GET-DUPED numbers for the unknowing and unsuspecting? Will he have an associate exchange your IQD for USD at this or some other astronomical rate for an SKR (Safe Keeping Receipt) with promised post exchange perks? Yep. SKRs are for the scammers and not the IQD purchaser/holder.
Post posting Note: For some reason, an underline was placed under the mock 800 number when I submitted the post. I did not intend for there to be a link of any sort.
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As evil an act that the Iranians intended, this will likely be a catalyst for the Iraqi people and GOI to expel the Iranian commander Solemini along with all the Iranian militias. Hopefully, the expulsion of the Iranian commander Solemini along with all the Iranian militias will occur very soon to support Iraqi's sovereignty in Iraq's territory.
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59 minutes ago, KDuesing said:
The blackouts are prob them stopping Isis from communicating, but who knows. Last time it was to stop cheating on exams remember?
Personally i think they will black out the internet when they hit the button so to speak and this way noone will think twice because they black out all the time.
Yep. Desensitize the populace to what is really going on.
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Iraq expects oil prices to $ 65 in the coming months
in Iraq & Dinar Related News
Posted
I find this last article interesting with other articles stating the EU is helping Iraq attain WTO status. Maybe we will see more news on the ISX and it's international connectivity soon.