FXStockpiling

Eid al-Fitr last day of Ramadan

Won't be able to buy much fried chicken and French fries over there anymore. Now they finally will have a reason to hit that big red button! RV = more KFC. Getter done 🐔🍟🍗

Just keep hearing all these great things followed by nothing happens during Ramadan...

This means no more news from guru's? Good evening Yota hope your having a great weekend and I hope this thing pops on the 15th. Would be nice to speak of the RV as a thing of the past and how it was one of the best investments the world had ever seen

Thanks for the replies! Yes I was looking at XE I should have clarified... Things seem to be right for the RV to happen at any moment. I know everyone would like to see it happen after all this time. If anyone ever accuses me of being impatient after this I'll give them a packet of grape seeds and say call me when you want to sell your wine...

will play a major role in the withdrawal of the condensed cash mass, Rliun dinars of the total mass of cash issued by the Central Bank, amounting to about forty trillion dinars. Isn't half of or nearly all of this 40 trillion in the reserves of other countries or world banks and didn't the US along with everyone else blow up a lot of this cash when they went after ISIS and Dash? Is this really out there to collect or is it just on the books to never be recovered?

Anyone notice the rate of the USD/IQD has not moved more than 1% for almost 90 days now? Is this another test of stability or just the new norm of the tight control the CBI now has from taking in all that chunky 💰

"4. The Committee shall be issued within a working day from the date of the Committee's discretion Branch Director General (The value of the damaged securities shall be compensated up to JD (35000000) five - 5) Net cash estimated by the Committee And twenty million dinars) within the authority of the General Manager of the issuance of the treasury and more, it is within the validity Mr. Governor." So are they saying 20 million IQD is equivalent to 35 million JOD? 35M / 20M = 1.75 X 1.41 JOD = 2.4675 IQD?

I noticed the date on this, so that there is no confusion the UN has a another link stating that they eased sanctions in 2013 not releasing from Chapter 7 in 2013... http://www.un.org/apps/news/story.asp?NewsID=45287#.Wi1OgWKnGUk UN Security Council eases some sanctions on Iraq over 1990 invasion of Kuwait 27 June 2013 – Welcoming progress on resolving pending issues from Iraq’s 1990 invasion of its smaller neighbour Kuwait, including finding Kuwaiti or third-country nationals, the United Nations Security Council today eased some of its sanctions against Iraq. Unanimously adopting a new resolution, the Council called on the Iraqi Government to continue searching for Kuwaiti nationals and property missing since Saddam Hussein’s 1990 invasion, but terminated provisions in earlier texts that allowed the military enforcement of the measures under Charter VII of the UN Charter. Recognizing that the situation that now exists in Iraq is significantly different from that which existed at the time of the invasion, the Council decided that the issues of missing people and property will now be handled under Chapter VI of the Charter, which calls for a peaceful resolution of disputes. Another key provision of the new resolution is the Council’s decision to transfer the mandate formerly assigned to the High-Level Coordinator for Iraq-Kuwait Missing Persons and Property to the UN Assistance Mission in Iraq (UNAMI). Paragraph 14 of resolution 1284 (1999) requested the appointment of a High-Level Coordinator to report to the Security Council regularly on “compliance by Iraq with its obligations regarding the repatriation or return of all Kuwaiti and third country nationals or their remains” and “the return of all Kuwaiti property, including archives, seized by Iraq.” The new resolution terminates that measure and in turn calls on the head of UNAMI to “promote, support and facilitate efforts regarding the repatriation or return of all Kuwaiti and third country nationals or their remains, and the return of Kuwaiti property, including the national archives, seized by Iraq.” Further, the resolution also requests that Secretary-General Ban Ki-moon consider designating the deputy chief of UNAMI covering political affairs “with the responsibility for overseeing these issues and ensuring appropriate resources for this purpose.” Immediately following the action in the Council chamber, Hoshyar Zebari, the Foreign Minister of Iraq, who had attended the meeting, hailed the decision as an “historic landmark” in relations between his country and Kuwait. He told reporters that the resolution was making “Chapter VII a thing of the past and… concentrating on the present and the future.” Both countries were cooperating in good faith and managed to close all the files on Chapter VII issues. He added that such cooperation, culminating in the Council’s decision today, could serve not only as “a new beginning for relations between our two brotherly countries,” but also as an example to other nations seeking to settle disputes peacefully. In the aftermath of Iraq’s invasion of Kuwait, the Council established the UN Compensation Commission (UNCC), which settles the damage claims of those who suffered losses in the invasion. As of January of this year, the Commission has disbursed some $40.1 billion for more than 1.5 million successful claims of individuals, corporations, Governments and international organizations, leaving some $12.3 billion remaining to be paid.

http://www.iraqiembassy.us/article/un-security-council-votes-to-remove-iraq-from-chapter-vii-sanctions U.N. Security Council Votes to Remove Iraq from Chapter VII Sanctions The 15-member United Nations Security Council unanimously agreed on June 27, 2013 to remove Iraq from Chapter VII sanctions that were imposed on the country more than two decades ago after former President Saddam Hussein invaded Kuwait in 1990. The UN Security Council's decision to remove Iraq from Chapter VII underscores the country's increased cooperation with its neighbors and marks an end to Saddam Hussein's legacy of aggression. The council agreed that issues of missing Kuwaiti persons and property should be dealt with under Chapter VI of the U.N. Charter - which urges countries to peacefully resolve any conflicts - instead of Chapter VII. I was curious to what was Chapter 6... There you go!

According to their own numbers this budget is about 27 billion dollars over the estimated income...

EM Local Currency Bond ETF? At 1:45 Jim says to the effect if you could trade the Dinar with ETF's investors would pile in and invest in the Dinar... Emerging debt is bonds that are denominated in local currencies rather than U.S. dollars. In this case, the investor will have to convert their dollars to, for example, the Brazilian real prior to buying the bond. The result is that he or she will now see the value of the investment affected by currency fluctuations in addition to the price movement of the underlying bond. Why is this? Think of it this way: an investor buys $1 million worth of Brazil’s local currency debt, but to do so they first need to convert their dollars into the local currency. A year later, the price of the bond is exactly the same, but the currency has appreciated 5% versus the dollar. When the investor sells the bond and converts back to U.S. dollars, that 5% appreciation leads to a 5% gain in the value of the investment – even though the price of the bond itself was unchanged.

I haven't posted in quite some time but this article got my attention... You see this type of treatment all over the World, and I like to refer to it as the "stepchild treatment" Kurdistan being Iraq's "mini me" or insignificant other... It would seem plausible that the CBI would let Kurdistan run out of the IQD first... I know the MOP said "Estimate the amended exchange rate of the Iraqi dinar to be used in technical and economical feasibility studies and for (1.134) dollar per dinar. This price should be approved for 3 years until re-appreciation by the competent authorities." http://www.mop.gov.iq/mop/index.jsp?sid=1&id=308&lng=en But I think when this happened Iraq was still under sanctions and could not pull it off because they could not have an International currency... But if you were to make a major change in your rate, wouldn't you like to be the main beneficiary? Wouldn't you hold it in your pocket til the cards are on the table? Iraq pegged the IQD at 1170 against the USD on 01/18/2009 Sunday, This rate remained pegged until they moved it 3 years later on 01/17/2012 Tuesday... So I think that the 17th is the date and this year it falls on a Friday, also the 3 years the MOP is speaking about would be the first peg and furthermore I think that the IQD is about to go on the Forex market and will drop it's peg for a float on the 18th or 19th of this month... So how about it Dinarians? What do you think? Anyone have anything to add here? Thanks in advance!

I like your thoughts there Mister Truck Driver

Ok just a ? If Iraq gets the smart card what happens to all the iqd we have here in the states do we still cash in or we have to get the card too? Read more: http://dinarvets.com/forums/index.php?/topic/146926-central-remittances-exceeded-10-trillion-dinars-for-the-month-of-march/#ixzz2RuVkDjn9 Our IQD will go to the US Treasury... It is my understanding the cards are to be used by Iraqis as a currency and banking cure all.

FX, Just read Bond Lady chat and somewhere in the middle of the post they are talking about the rate around 3.8. Interesting breakout. I would take it. This could be better than any of us imagined. I guess...only time will tell. Thanks everyone for your post. Read more: http://dinarvets.com/forums/index.php?/topic/146926-central-remittances-exceeded-10-trillion-dinars-for-the-month-of-march/#ixzz2RrED8EuO Thanks Mammaw, no offence but I just don't know if I can stomach much more of the rumor section I just prefer to keep to real these days. I do like the idea of the bank cards being the new currency, I think that will make it easier for the CBI to finish collecting the hard currency from the streets. In order for them to have a rate this high I think they will have to own and hold at least 75% of the IQD in circulation. It will also help if the proven oil reserves are higher. But in the end I think the Rothschilds will be the ones financing Iraq to take over all their federal banking and letting Iraq capitalize on proven reserve loans compiled with fractional banking. Yes I think Iraq will be very well off in the end...

It is noteworthy that the second Gulf War led to a decline in the value of the Iraqi dinar in an unprecedented way to reach the Iraqi dinar to 0.144 U.S. dollars, which led to immobilizing the banking sector until the year Read more: http://dinarvets.com/forums/index.php?/topic/146926-central-remittances-exceeded-10-trillion-dinars-for-the-month-of-march/#ixzz2RmSQAc3T Lets put the 0.144 rate to work here First thing is this is the rate at the time of the 2nd Gulf War so that would mean that the cross rate of this value is when the rate was showing 3000 IQD to 1 USD the actual rate was 1 IQD = .144 US cents http://www.oanda.com/currency/historical-rates/ Now that the rate has moved to 1166 it would equate to .37 US cents ( 3000 / 1166 = 2.5729 ) ( .144 X 2.5729 = .3705 ) Which means this rate will more than likely hold till the RV is applied with fractional banking that would give us a rate of $3.70 USD to 1 IQD.

Hey sxsess, I'm still learning the stock market. It is nothing like the FX market but it also isn't as restricted as the US has made the FX market. I am seeing value in companies that it looks like someone did a short sale on and then went to sleep, so it makes it confusing to pick stocks rather than currencies because most of them have no natural flow for chart readers like myself. But I can read news headlines and see that these companies are turning around and will stop out the shorts on their own. Anyhow thanks for the reply it looks to me that ONCS should go up to at least .80 cents but that's just my chart reading kicking in.

SAPX may not see any real moves till early next week but I think we are used to waiting... I see someone is buying everything up on WGAS at .0012 should be interesting to see how much this one gains from here.

The IQD is being held at an artificial rate by the CBI. It won't fluctuate in the international markets because it isn't traded internationally YET! In a way we are the buyers of a product that hasn't been put on the store shelves yet, because it has a few glitches to be worked out. But once they are, then it will be put in the display window and the price can fluctuate to the market.

Looks like SAPX is going to come out from the ashes.... Looks like it should have a first target price around $4.50 in the near future. Just a heads up this is where to get in at the price today at half a cent...

I agree with you that no matter what, they have to make the money right to include the Kurds language. They will also have a chance to update this new currency with smaller denominations so that the guy at the farmers market selling watermelons isn't trying to make $93,745.00 in US bills to change out a 25k dinar note. They need something that works, something of value so the man will just take one and a half dinars for the fruit and the transaction is over.

"According Almkhtabat official with the central bank, it is supposed to start this year Balastaadadt necessary to delete three zeros from the local currency." Read more: http://dinarvets.com/forums/index.php?/topic/146032-parliamentary-finance-central-bank-starts-during-the-current-year-measures-the-deletion-of-zeros-from-currency/#ixzz2QLruNtc5 "while on Balastaadadt to revive the military parade on the occasion of National Day of the country" http://newsessentials.wordpress.com/2012/05/24/u-s-state-meeting-and-published-its-aid-to-yemen-calls-for-the-riyadh-support-to-save-yemen/ October 2013 3 Thursday Independence Day (National Day) http://www.festivalsfun.com/public-holidays/iraq-holiday-calender.html

Well if I remember correctly, the rate was to be held by the CBI for three years to test the float and then they would peg the rate for two years so that they could remove the larger denominations and introduce the new currency at the same time. So this tells me April first will introduce the new pegged rate that we can cash in at. By the way THANKS for the nice catch!

I have been watching this stock being pumped and then pumped off. Now that the pumping is over would anyone buy the stock at a penny or do you not think it would bounce. Looks to be a new stock because I can't find enough history to read the chart...