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  1. A temporary extension of the debt ceiling expired on Friday, forcing the U.S. Treasury Department to resort to extraordinary accounting measures to ensure that it can continue to borrow to pay federal obligations. In a letter to congressional leaders, U.S. Treasury Secretary Jack Lew said these measures would last only about three weeks. By February 27 when they are exhausted, the government could only pay its bills from incoming revenue and cash on hand. "Any foreseeable cash balance would be exhausted quickly," Lew warned in the letter. "I'm confident that the United States is not going to default on its debt and we will resolve the need to increase the borrowing authority of this country prior to any deadline that the Treasury issues," Cantor said on Thursday on the House floor. So we're is the money coming from?
  2. this guy is a f***head take your **** and go Iraq and UN Chapter Seven July 17, 2011. Source: another site URL: http://www.another site/2011/07/iraq_and_un_chapter_seven.html The UN Secretary General has recently released another news article discussing the relationship between the Iraqi and Kuwaiti governments. The UN Secretary would like the Iraqi government to pay the 600 k in USD to help with the cost of locating the Kuwaiti property, the archives, the Iraq-Kuwait Boundary maintenance Project. The Iraqi government is not in a hurry to facilitate the Kuwaiti government in helping them with these issues. The biggest problem is the Port of Mubarak that is currently being built by the Kuwaiti government. Iraq remains in Chapter Seven Sanctions. Ban urges Iraq to show “tangible” progress to obligations towards Kuwait Anyone touring Baghdad would immediately notice many unfinished construction projects. With each story being the same. The construction companies involved in building these projects continue building up until the operating capital has depleted. They then stop paying the workers and flee the country. You can read about these types of scenario’s in the link below. Iraq to fly home despairing Sri Lankan workers New Iraqi Currency In a recent meeting I attended I learned that the updated design of the new Iraqi currency has been completed. It has yet to be issued as the approval from Prime Minister Nuri Maliki has not been authorized. However, even after permission is given to release it further steps have to take place as it has to go through the Iraqi Parliament for a vote. As far as I can see, the schedule does not allow for a vote on the new Iraqi currency before the start of Ramadan. I have plans to send out a copy of the new notes to all my subscribers just as soon as they are released. I’m sure you’re all very anxious to take a look at them. As I’ve said in the past, the new notes will co-exist with the current Iraqi currency and the value will stay the same for now. I’ve been getting a few emails mentioning a certain forum which I choose to call “The Call Fire-Team” (many will know who this is if you follow this forum). Well, this particular forum has mentioned that in order to re-denominate you have to have 1000 percent or more inflation. This folks is simply NOT true. FYI: Iran is going to be changing out their currency and dropping not three but four zeros from the currency and Iran’s inflation is 14%. Double that of Iraq according to the Central Bank which stands at 7%. Indicators point to Iraq’s inflation rising in the month of July due to higher prices of imported goods. Iraq imports everything and barely exports goods to any country with the exception of oil. Iran Cabinet Approves Plan to Re-Denominate Currency Filed Under another site Tagged With Chapter, Iraq, Seven
  3. eddie21


    Economic Theories & Models in Currency Trading In this article, a review of economic theories and models in currency trading is presented to give readers an overarching idea behind the use of these economic theories and models in forex markets. The major currency trading economic theories deal with parity conditions. A parity condition is defined as an economic explanation of the price at which two currencies should be exchanged, based on factors such as inflation and interest rates. Some economic theories in currency trading are based on economic factors of a country like capital flows, trade and economic situations. Let us review the currency trading theories & models in brief here: Purchasing Power Parity According to Purchasing power parity (PPP) is a currency trading economic theory, the exchange rates between currencies should be in equilibrium when the their purchasing power is the same in each of the two countries. This states that the exchange rate between two countries is equal to the ratio of the two countries' price level of a fixed basket of goods and services. When a country's domestic price level is increasing (i.e., a country experiences inflation), that country's exchange rate must depreciated in order to return to PPP. The basis for PPP is the "law of one price". In the absence of transportation and other transaction costs, competitive markets will equalize the price of an identical good in two countries when the prices are expressed in the same currency. Interest Rate Parity The concept behind Interest Rate Parity (IRP) currency trading economic theory is same as of PPP economic theory which states that for there to be no arbitrage opportunities, two assets in two different countries should have similar interest rates, as long as the risk for each is the same. The IRP theory basics suggest that the law of one price, in which the purchase of one investment asset in one country should yield the same return as the exact same asset in another country. If not than the exchange rates need to get adjusted to make up for the difference. International Fisher Effect The International Fisher Effect (IFE) theory suggests that difference in the rate of interest between two countries should be taken in to account to estimate the future change in the cash exchange rate between currencies in the foreign exchange market Balance of Payments Theory The Balance of Payments theory takes into account current account of a country dealing with trade of tangible goods, to get an idea of exchange-rate directions. A country which has a large surplus or deficit current account means that a country's exchange rate is out of equilibrium. In order to bring the current account into equilibrium, the exchange rate will need to adjust over time. So in case a country is running a large deficit which means more imports than exports) the domestic currency will depreciate otherwise a surplus would lead to currency appreciation. Continuing the review of economic theories and models let us now have a look at economic theories on currency trading. These are secondary theories which have been labeled as models rather than theories, although they originate from economic theories to begin with. The Asset Market Model The Asset Market model is focused on monetary influx of a country by foreign traders/investors who are purchasing certain financial instruments like stocks, bonds or both of these. Countries expect a large inflow of investments in their available financial instruments, and also hope to see an increase value for their currency. This makes sense because of the fact that the foreign investors need to convert their own country’s currencies over to the particular currency rate of the nation so that they can buy the intended financial instruments in that particular country. In this currency trading model, the capital account of the trade balance is taken into consideration versus the current account balance of trade. Since the capital accounts of most countries are starting to outweigh their current account balances, this model in currency trading is being applied more than the currency trading models. The Monetary Model The Monetary currency trading model focus is on monetary policy of a country and determines the currency exchange rate. Most of the countries have monetary policies which deal with monetary supplies such as the amount of money which is printed by treasury prints of a country. When this is combined with the interest rates set by country’s central banks, it will oftentimes determine the amounts of monetary supplies available in the country. Real Interest Rate Differential Model In simple terms, the Real Interest Rate Differential currency trading model suggests that the countries with higher real interest rates will see their currencies appreciate against countries with lower interest rates. This is based on the fact that the traders from all over the world would move their cash to the countries which have higher real rates so that they get higher returns on their investment which results in the higher bid price of the higher real rate currency. Search Categories The Growing Demand for the Forex Market Sitemap Tackling the Elliott Wave Theory Fundamental Analysis & Strategies in Currency Trading Currency Trading History Currency Trading Market Participants Currency Trading Risks & Benefits What is Currency Trading? Opening a Currency Trading Account Technical Analysis & Technical Indicators in Currency Trading Currency Trading Economic Theories & Models Currency Trading Language Contact Information About Us Partner Copyright ©
  4. hay look it a two part deal first make local currency equal to us dollar and then some time in the month ahead revalue or revalue right away. they need to but there currency in line with the usd so it 1 to 1 they are making it easier to use usd and iqd together. that is it. no revalue it might be a slight increase what is it 1170 to 1 usd so it will be 1000 to 1usd or you might read between the lines and see a revalue of 1 to 1 is .86 to 1.30 usd they said no revalue but why would they tell you.
  5. eddie21


    they will give you time to cash in and then any 25000.00 note will be worth 25.00 you got it rv at .86 to 1.30 usd
  7. i know someone from iraq that told me they never planed to raise the value of the iqd. but have to because of the imf . they will keep selling and only give a 10% return on all high notes for the next two years and that will be it for all 1k 5k 10k and 25k notes sorry. if you check the lower not are selling for a lot more money then the junk notes 1k 5k 10k 25k ? but cbi is at 1170 ? july 1st will tell all. if your buying buy the lower notes or open a account in iraq that what i did.
  8. ok it like this . your 10.00 buy 10000.00iqd right let say it a 1to1 cash in you would get 10000.00 usd pay bank 200.00 for cash in so u have 9800.00 after you pay taxes you will have 6000.00 the bank will sell to us gov how the us gov get a higher buy back at 1.25 so they will get 12500.00 they take that and buy oil at a much lower rate. let say 50.00 so they order 250 bit cost 12500. no the gov sells for let say 75.00 per b 75x250 they make 18750.00 know how does iraq bay for this right oil to iraq is free it will cost them about .67 cent that right so 167.50 is what it would cost so 10.00 made you 9800.00-taxes =6000.00 the banks made 200.00 + the us gov made 18750.00+3800.00=22550.00-6000.00=16550.00 it cost iraq 167.50
  9. another site « CBI and Taxes not popular with Banks in Iraq | Main | Iraq Banking System Moving to 21st Century in 2014 » CBI Tax and New Currency on hold The Central Bank of Iraq made some changes to how it operates in reference to the banks and money changers inside Iraq. In late April, the CBI decided to impose a tax on all currency exchanges (as previously mentioned in my 5 May email newsletter). The CBI auctions experienced a downturn after imposing the tax on the banking institutions and all the currency exchange markets. The initial intentions were good; however this slowed the everyday commerce in the banking industry causing far less transactions of foreign currency exchange. CBI was attempting to force Iraqi’s to not conduct foreign exchange transactions hoping to increase the Iraqi dinar value. When the CBI observed its several hundred million a day auctions plummet they made the executive decision to raise the tax limit to 50k for all foreign currency transactions. After this decision the Iraqi people ramped up the CBI auctions once again. Seeing that the CBI has appeared to reverse their initial plans, my associates are saying that there will not be an RV in the month of May 2011. Regardless of the fact that the CBI has completed the Revaluation Re-denomination report. The CBI is also still waiting for PM Nuri Maliki’s request to have the report delivered to him. Unfortunately, my sources are confident an RV will not be possible this month. The dinar currency projection from the recently published CBI annual report, soon to be published internally for the ministries will also coincide with no RV (May 2011). Today, I got some additional, interesting information. The new Iraqi currency has been placed on hold. With the excuse being that with all the recent activities & transitions of the CBI bank (as well as the Iraqi government) it has just not been printed. I know this may be conflicting with what some of you have been told on some forums/blogs but this is factual & up to date information. There are no bills at this time. The printing of them is on hold. ------ another site skype: americancontractor e-mail: ac@another site ------ Posted by another site on May 11, 2011 8:27 PM | Permalink
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