zul

🐒 Where did they pluck this number from? Even CBI's M1 is way way below 130 trillion IQD.

And vacation down at the Gulf of Mexico.. Ooo yeah..

This is a done deal now... ~ thanks to 6ly410 See NRT English's other Tweets I hope these low cost houses is a result of an increased in value of the dinar.

".......which will reportedly be implemented in January 2020, according to the country's Minister of Oil..." Is this a WOW or what?

Tq for all your hardwork my friend @6ly410

ADDITIONAL INFO: The speaker of Iraqi Parliament (Hablousi) is also from the same Solution Party, headed by this guy Jamal Karbouli....

The head of the solution party Jamal Karbouli, on Tuesday, addressed the demonstrators. ستغادر بغداد لقب المدينة الاسوأ في العالم.. وسيستعيد جواز سفركم هيبته، وسيسترجع ديناركم قيمته وسيكون لأطفالكم مستقبل افضل من حاضركم..ستحترمكم شعوب الارض ولن يجرؤ على احتقاركم احد،، إن انتم قررتم ذلك و أصررتم عليه... ايد بأيد لحد #الانتصار عراق واحد Baghdad will leave the title of the worst city in the world .. Your passport will regain its prestige, and your dinar will regain its value Your children will have a better future than your present. The people of the earth will respect you and no one will dare to despise you. That and you insisted on it ... supported by the hands of # victory Iraq one http://www.ikhnews.com/index.php?page=article&id=202000 🍸

Sounds good.

And I sincerely think it will cost Iraq even more (being an importing economy) if they continue to stay at the current rate when they have all the opportunities to start with a true value of their currency, coming out from a closed economy (article 14) into an open market where their potential of growth and prosperity are there, waiting to be realised... I simply can't think of any sensible reason why they shd stick to their current 'program' rate.

TQ @screwball. Go RV!

Tq guys.....both of u are just too kind. I'm glad u both like it. Tq again...

Kap never walk his own theory.... He said the exchange rate of dinar will increase gradually from 1190:1 to 1:1 over a certain period of time ( 6 months, 1 yr or even 2 yrs). 😎 any exchange rate movement from 1190:1 to 1:1, no matter how 'gradual' they are, no matter which way you are looking at it ~ they are going to be huge, massive & enormous. And I think Kap needs to understand, the relationship between exchange rate and economic development.... My main problem with his theory is price stability. The very mainstay of CBI policy and existence (not to mention IMF policy as well). ~ How do you maintain price stability if the exchange rate keeps changing on a daily or weekly basis? ~ then there is domestic borrowings. If today (@exchange rate of 1190), a small trader borrows 5 million dinar (abt. 5000 USD) for a period of 12 months.....how much will he be paying back monthly and how much will he be paying back eventually, 5 million dinar or 5,000 dinar? ~ How often will every government Dept and companies in Iraq, will have to adjust their employees salaries (as the exchange rate keeps changing and increasing)? ~ traders changing their prices everyday day? every week? And jumping onto the bigger issues ~ how do they plan and manage the cost of reconstruction? ~ And how do they purchase their raw materials (when exchange rate is rising)? Do they purchase them now (and pay with more IQDs), or hold it until later (pay with less IQDs). ~ What if every contractor decides to hold until later (until when the exchange rate reach 1:1)? What happens to their reconstruction plan? ~ what if, even the govt decides to hold, as it will more viable to do so economically? Will their economy still be buzzing? What if everybody then decided to keep their money and not spend them now? And then...of course, the currency speculators. What do you think they will do when they see the exchange rate of IQD keep rising and rising on forex? For me, no country will allow these kind of exchange rate uncertainties, hovering over their economies ~ there will be financial chaos. Iraq and IQD is not yet in open market and based on that point alone, we know that the value of IQD was never at equilibrium/true value, so........to avoid financial chaos (in open market), CBI/Iraq need to price their dinar accordingly and as close to market equilibrium as possible and keep it STABLE from then on (allowing appreciations or depreciations within certain range, just like any other countries in the world). We are currently waiting for Iraq to re-price their currency (IQD) before taking the next big step to move into open market. And I sincerely hope, 1190 is not their starting point.

Hope to see you back to your normal health again my friend, sooner. Take care.

Lol!

We are just 3 months away from the beginning of 2020 and I personally think this month is going to be of real significant..../ We have seen too many economic/trade agreements and MOUs being signed, too many statements and indications of moving towards market economy ~ something has to happen soon. Even the usual 'but-this-is-Iraq' is not going stop these changes.

Not just me SM, but everyone else will there for u (the Broz and the cuzzs).........we'll take care of one another......u'l be in safe hands. 🍹

Al-Ghalbi is describing a neutral event of deleting the zeros like what Zimbabwe, Zambia, Turki, Germany, Brazil ect......have done before. That's what deleting zeros really means ~ in general. We have to look at the situation of those countries, the problem that they faced when they deleted the zeros........ Iraq is diff......they did not lose their wealth (oil) during the war. The value of their currency went down (inflation) because of economic sanctions (chapter 7). When they replaced Saddam dinar in 2003, the value of dinar (IQD) were on the rise from 3000/1 to 1430(ish)/1 by Jan 2004. ( ref: Statiscal data of IQD exchange rate @ cbi.iq) Had CBI not put a brake then (because the value of dinar was rising too fast too soon ~ Read: Billions over Baghdad), I think the value of dinar wld have been 1:1 now (easily). Back to Al-Ghalbi statement above. Who is this guy? Dr. Abdul Hussein Al-Ghalbi, an economist at the Faculty of Business and Economics, University of Kufa. He is not from CBI......and he has a general view of what deleting zeros means, just like some of us here. So we wait for CBI.

This is from 2012.......repeat 2012. CBI DID try to delete the zeros starting September 2012...(so it's not necessarily must-be-at-the-beginning-of-a-new year) To cut story short ~ sometime in Jun/July that year, there was major disagreement between Shab and Maliki....and the project was eventually postponed.... (the rest are history). // Parliament is a supreme committee with the central bank to start deleting the zeros 10/03/2012 Baghdad / term follow-up Formed the Economic Committee in the House of Representatives with the Central Bank of Iraq to a joint committee to begin the process of deletion of zeros from the local currency. Said MP Abdul-Hussein Abtan told the Kurdish news agency (Rn) that the Economic Commission formed a joint committee with the Central Bank of Iraq yesterday (Thursday) to oversee the process of deleting the zeros of the local currency Which is scheduled to begin in September next. "He added that" the Commission will provide the technical requirements and legal, administrative and paint the nature of the Iraqi market and its relevance to the deletion of the currency during the stage preceding the start delete currency as well as increase public awareness about the details of the process of removing zeros from the currency. " He pointed out that the central bank, "promised" that he could make a change of currency and delete zeros in order to "reduce inflation" in the country. And the parliamentary economic committee said it had agreed with the Central Bank of Iraq to begin a process of change in the local currency of next September. ~~~ In support of your (lmb4321) Sept timeline../

I'll be packing in Sept.... Can't wait to see all the bros and cuzzs...

I'm looking to the beginning of 4th quarter.....October. But here's to Sept...🍹 and Maui

This is a clear indication/confirmation that he has nvr been idle. Britain would never have appointed someone who has been out of touch with monetary thinking......too risky. You could almost point a finger to the recent stabilization of Iraqi dinar exchange rate vs USD as his trademark......

Looking fwd to meet u too and the rest of DVers.....

Wow!!

Remember my name. I'l cover ur back in Maui.....(if I'm sober)

Bros r nvr down...