cesspool

Please guys… unless you have anything relevant or constructive to say it’s an abusive of the integrity of this website and our time. Thank you.

You are amazing Yota! Really appreciate your diligence in discovering so many interesting articles relating to Iraq and our investment. It’s not always ‘happy’ reading but most times very interesting how the ‘wheels within wheels’ are constantly turning. Thank you!

Does anyone know if the CBI guarantees foreign investment in banks like Warka who have had a ‘shady’ history. They have always made it clear that this guarantee is in place for locals. I’m not so sure about foreigners. Look forward to response. Thank you.

Thank you Seadesk… I would be grateful if you could find anything useful. During the past few years I have always thought Warka have no interest in withdrawals etc and this is why they are hiding under the radar. They can’t afford that. If a revalue happens, fees etc will bring them back on track and they will release our funds for a price. I don’t have a problem with that.

I thought Al-Kazemi had withdrawn as Iraq’s potential Prime Minister... despite his obvious credentials as an intelligent, lateral thinking and non-biased candidate. I hope his meetings with Al-Alaq and Sadiq Allawi prove my understanding is premature. Al-Alaq (CBI) and Sadiq Allawi (Health) are at the forefront of the two most important portfolios relevant to Iraq’s future at the moment.

Hopefully, you won’t have invest in Iraq again!

Horsesoldier... while it’s easy to understand how you feel, I wouldn’t be so quick to judge the future government. I’ve been in this for 16 years and truly feel Iraq is reaching a turning point. Sure, we all get frustrated... imagine how Iraq citizens feel. Now is the time to send more positive energy to keep the momentum flowing.

I'm not sure what the rules are about posting comments on two different topics... but here goes. I’m not sure why the budget would be an RV issue… why telegraph a new rate to all the shysters? I have always thought it would be a national bank decision… like the Central Bank of Iraq, Bank of England or the Reserve Bank of Australia. Their policy is to deliver and dictate monetary and financial policy for the people of their country to create stability … it’s more than just the budget. Of course, this is done with the collaboration of the sitting government… like setting the national interest rate. In the end, I think it’s a national bank decision and not the parliament. In the case of Iraq, am I wrong? Yota produces some great info on CBI decisions and I’d be very interested in his opinion. Like cranman said... it's 'useful to have a devil's advocate' especially if it's a financial authority that is beyond the parliament where there are a lot of vested interests.

I’m not sure why the budget would be an RV issue… why telegraph a new rate to all the shysters? I have always thought it would be a national bank decision… like the Central Bank of Iraq, Bank of England or the Reserve Bank of Australia. Their policy is to deliver and dictate monetary and financial policy for the people of their country to create stability … it’s more than just the budget. Of course, this is done with the collaboration of the sitting government… like setting the national interest rate. In the end, I think it’s a national bank decision and not the parliament. In the case of Iraq, am I wrong? Yota produces some great info on CBI decisions and I’d be very interested in his opinion.

This is completely Off Topic and apologies to everyone... but I have a question for TEN YEARS LATER. Please, please, please, please can you tell me where I can get that crazy little ant that runs around on your post. It's the best thing ever and I will understand if it's a secret. Back On Topic... thank you to everyone on the latest forums. There is so much incredibly informative and interesting info posted every day at the moment and, after 14 years as a Dinar Vets Member and never missing a day without logging in... you need to know the how much we appreciate the wisdom, the thoughts and the wise-cracking you all contribute to keep the show on the road!

So, Warka Bank is happy to accept transfers from my bank... but doesn't do the same in reverse. CBI must have some law against private banks hijacking deposits from customers. How on earth are private banks able to attract investment in Iraq under these conditions?

It's late here in Australia... and I'm very confused. What is the difference between a float and a revaluation? My understanding is that the Dinar value created by a Float is decided by the market and a Dinar rate created by a RV is decided by the CBI. Either will kickstart a market value on Forex? Sounds simple but I guess not. This is not my forte... any explanations welcome.

Hi there… this is my first Post even though I’ve been a Dinar Vet Member for 7 years and a Dinar Investor for 12 years. This Forum is a must read almost daily for me and I love the info and the bantering between many of you. It’s clear you’ve established a great trust over the years. The past few weeks have been very exciting watching events unfold… good and bad. My opinion is that the Government won’t endorse an RV until Barzani and his family have resigned and been banished or charged with criminal activity (if that is possible!). Why would the Government allow them to abscond with the millions they’ve have stolen and then let them add to it further by giving them more millions/billions as a result of an RV? This is surely true of many other crooks who have taken advantage of positions of power to steal millions, Maliki being a prime example. Plus, let’s not forget the millions that ISIS have stashed away. Am I the only one who sees all this as a genuine stumbling block for the Government and the CBI to launch an RV? I hope I am naïve and wrong!