zul

If this does not go down this weekend, I will be here until this RV end of this month.🐒 yeehaah!!

Yeah......any huge movements in a currency will definitely dictate the overall economy’s fortunes....( so says some economist)

At $1.20, the currency tail will wag the economic dog.😎

Can't do this weekend. I have soccer match to play.....lol!! 😂.

11 million banknotes = 110 billion dinar./ Roughly, on the average ~ 10,000 dinar per banknote. It looks like (from the 110 billion dinar deposited banknotes), they don't have that many 25k notes left in the market...... IF that is the case, CBI must have done a great job in reducing the amount of dinar in circulation (of which 25k dinar notes form the biggest part of the total money supply in Iraq). I have seen some gurus (esp. the loppers) saying ~ CBI never reduced the amount of dinar in circulation (as shown by the CBI's statistics ~ under currency in circulation); well....apparently they have been looking at the wrong statistics and at the wrong places.😂 All the notes collected (incl.25k notes), all the reductions of 'cash in circulation' are done by the banks in Iraq and (of course) these amount are reflected in CBI ~ as the bank reserves. That is why we never see reductions in CBI's 'currency in circulation'. **Bank reserves are a commercial bank's holdings of deposits in accounts with a central bank, plus currency that is physically held in the bank's vault.

Let's go!!

Hopefully during these consultations, both IMF and Iraq would agree on transition to Art.8. July 19, 2019 Country: Iraq Title: Iraq - 2019 Article IV Consultation

Yep...... 🍸

Am with u...... Chuck is a respected member here..

Sneakers on the ground (that's me ) can confirm this is not true..... But it matters not, the value can still change anytime anyday anyway....

In total agreement Sir.... 👏🏁

Fully operational in Sept. They are already there..... Why wait until Sept? What are they waiting for..? 😊

Yep......2 things. Currency auctions And currency exchange rate.

I mean they did the FML....... Hahaha... Cheers!!

Go Bros..... Like Adam said, this thing cld just pop any day any time now.... Remember: This did the FML and the symposium/seminar on the cost and benefits of changing the value of their currency.

I don't think u r qualified ~ u already know more than most sos n sos...

That's the pp I know....

😊

Oops....double posting

Asian countries that devalued their currencies are mostly exporting economies ~ so it is to their benefits and advantages to have a lower/cheaper currencies. Iraq on the other hand, is like other gulf countries, ~ they are importing economies, so it is more beneficial to have a strong 'high' currency to reduce the 'outflow' of their wealth (aka currency). Iraq is one of the richest country in the world and I simply cannot brain how devaluations could benefit them in the open economy. Jmo.

The total foreign reserves rose to 72 billion US dollars, in light of the data for the first half of 2019, could rise to 86 Billion dollars, by year end. ~ No suprises if by end of next year 100 billion USD. July 4, 2019 • No Comments Central Bank Of Iraq: The Total Foreign Reserves To 72 Billion Dollars ShareTweetPinMailSMS Central Bank of Iraq: the total foreign reserves to 72 billion dollars 04/07/2019 06:14 PM Al AhdNews – Follow-up The Central Bank of Iraq (CBE) announced on Thursday that the total foreign reserves increased to 72 billion dollars, pointing out that this increase is due to the investment policy followed by the bank and diversifying them using safe tools. “The total foreign reserves rose to 72 billion US dollars, in light of the data for the first half of 2019, ” an authoritative source at the central bank said in a statement received by Al Ahd News. ” These reserves could rise to 86 Billion dollars if the Ministry of Finance, taking advantage of the high export revenues of oil, the payment of 14 billion dollars to the Central Bank, which represent the remittances of the treasury, which the bank during the period of financial crisis, seeking to achieve financial stability at the time. He added that “this increase is the result of the investment policy pursued by the bank and diversification by the use of safe tools, which strengthens the international credit situation and enhance confidence in the Iraqieconomy, in the framework of efforts to achieve monetary stability, as confirmed by exchange rateindicators, which remained in a state of balanced stability Over the past two years “. The source added that “the achievement of this increase came in light of the Bank continued its financial initiatives in support of investment projects, including the initiative of financing the 5 trillion Iraqi dinars, for projects of housing, agriculture and industry, in addition to the amount of trillion dinars for small and medium enterprises, which contributes to reducing the unemployment rates.” is over/6 alahadnews.net

Yes....they are talking about ~ Change the value of the Iraqi currency ... benefits and costs ~ / But as Saleh pointed out ~ Iraq's oil revenues kept improving continuously, ~ resulting in no budget deficit. And the other guy (Dr Mahmood) was talking about Iraq's economy 2019 (expected to improve tremendously due to reconstructions)... Clearly......these are not recipes for devaluations. I think what they are really telling those people who attended the seminar is that ~ there will be changes to their monetary policies and WE can conclude that it wont be a devaluations because devaluations will bring in inflations and put pressure and ignites expectations of more inflations to come.........and this is clearly against the objectives of their new FML ( - maintaining the stability of inflation in the country ) Chilax.......

By mere seconds....✍️. This only shows that nothing important get passed by in DV easily....

I find these (solutions) really interesting.... ~ Iraq pay the price of gas to Iran by depositing funds in a private bank account inside Iraq with the Iraqi dinar, ~ Iran will not be able to withdraw funds...(IQD) ~ but can only use them to buy goods from outside Iraq. ** use IQD to buy goods from outside Iraq? As in internationally? And.....when Iraq RV, Iran will not get the benefits of RV ( because they can't withdraw their IQD)