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Luigi1

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Everything posted by Luigi1

  1. here's another article related to the above... TLM724 Administrator BondLady’s Corner: Financial Adviser: The White Paper Is An Economic Constitution That Must Be Respected Economie Saturday, January 15, 2022 9:39 PM Baghdad/National News Center Today, Saturday, the financial advisor to the Prime Minister, Mazhar Muhammad Salih, clarified the fate of the 2022 budget and the course of the white paper. Saleh said in a statement to the official agency affiliated with the "National News Center", that "the white paper is an economic constitution, which respects economic life in the future, it must respect what was stated in the paper."
  2. here's another article related to the above... Frank26 Article: "Economist: The Government has no justification to continue to raising the dollar exchange rate" Bada-bing-bada-boom Quote: "...oil prices and financial abundance make it imperative for the next government to take measures to reduce the exchange rate...Iraq has all the financial capabilities and qualifications that necessitate a reduction in the exchange rate especially after the compensation of Kuwait's completion and the rise in oil prices..." This is an amazing article...
  3. here's another article related to the above... Walkingstick [via Guru Frank26] ... It's in print now...the way that the CBI is printing this education is for the citizens to properly interpret the monetary and economic reform. It's not for them as investors.
  4. here's another article related to the above... Citizens are receiving their back pay as promised... MARKZ: [via PDK] Article from Iraq: “Baghdad sends 200 billion dinars to the region to finance to finance the salaries of the employees” These are payouts from December due by today Jan 15th. What is important here…imo…is I have contracting contacts that work over there that work in power distribution in the power plants. They are normally paid in US dollars. This is the first time they were paid in dinar. It is their understanding that this is the governments way of saying “thank you” by paying them in dinar right before they revalue the currency. Before the dinar has a meaningful increase in its value.
  5. here's another article releted to the above... Frank26: Article: "Economist: The Government has no justification to continue to raising the dollar exchange rate" Bada-bing-bada-boom Quote: "...oil prices and financial abundance make it imperative for the next government to take measures to reduce the exchange rate...Iraq has all the financial capabilities and qualifications that necessitate a reduction in the exchange rate especially after the compensation of Kuwait's completion and the rise in oil prices..." This is an amazing article...
  6. Luigi found this article of Dinarian interest... Iraq may already be international. Opening up ATMs are not the same as are full-service bank branches. Treat as a rumor. Not varadied. Your opine. MilitiaMan: ...we all know that a REER (Real Effective Exchange Rate) is what we are looking for. Anything less will not work...To open a bank branch in the UAE & or even in Saudi Arabia is to be international. That will require the REER...Plain & simple imo...So, the CBI needs to talk & walk all at the same time...imo.. It’s coming...imo..
  7. Today is not the day...24 hours have come & gone. Next window.
  8. here's a news article related to the above article... Mawazin News: The government’s financial advisor clarifies the fate of the 2022 budget & the path of the white paper... The financial advisor to the Prime Minister, Mazhar Muhammad Salih, explained, today, Saturday, the fate of the 2022 budget & the pathway of the white paper. Saleh said, “The white paper is an economic constitution, which respects future economic life, it must respect what is stated in the paper.” He pointed out that “the white paper needs an appendix to the policies & for the future on how to implement them. It is a correct & reform path. For the first time, it becomes an understanding & belief that the economy is reformed on the basis of a document that we call the economic constitution.” He ruled out that “the next government will cancel the white paper & reforms & may amend & improve them or add other policies because they were established correctly.” On the fate of the 2022 budget, Salih explained, “The budget awaits the integration of the legislative body & its committees, & I think that the first project that the new Iraqi parliament will study is the budget.” He continued, “The budget is now with the Ministry of Finance & is awaiting the formation of the legislative & executive bodies to send it to Parliament,” stressing that “the vision exists & the next government will study it, and the next parliament will set its vision under the constitution.” On the first of last November, the Ministry of Planning revealed the features of the 2022 budget
  9. Luigi found this disturbing article of Dinarian interests... Just as we get close, the can gets kicked further down the road. They just moved the goal post, again. Maliki demands power sharing of GOI. Treat as a rumor. Not varafied. Your opine. Sandy Ingram Iraq's Supreme Federal Court temporarily suspended the parliament speaker and his two deputies on Thursday...two rival groups claimed to be the largest block, with the right to form the government...chaos erupted...the suit filed by two lawmakers argues that the election process of the speaker and two deputies violated the constitution...
  10. here's another article related to the above... Maliki is up to his old tricks, again. He's demanding power sharing of the government with all factions including the losing factions. Iran is also protesting the election results. Iran behind attack in Green Zone & bombings near US Embassy. Sandy Ingram Iraq's Supreme Federal Court temporarily suspended the parliament speaker and his two deputies on Thursday...two rival groups claimed to be the largest block, with the right to form the government...chaos erupted...the suit filed by two lawmakers argues that the election process of the speaker and two deputies violated the constitution...
  11. Luigi found these articles of Dinarian interests... Could today be the day? Treat as rumors. Not varafied. Your opine. WOLVERINE: …Iraq is SET for the 15th…Everything is moving unbelievably very well… VITAL BRAD: Article: "Adviser to the Prime Minister: Iraq's 'payable' debts do not exceed $20 billion" Iraq has been on a list that's the highest risk countries to do business with based on terrorism. Quote: 'Iraq has proven that it is free of money laundering and has been raised from the list of high risks...' They're off that list...international markets! Quote: "The European Union removed the name of Iraq from the list of counties with risk reading the fight against terrorism and money laundering...' They're off the list. Yes!...that's exciting.
  12. here's another article related to the above... THEY'RE OFF THE LIST: Vital Brad Article: "Adviser to the Prime Minister: Iraq's 'payable' debts do not exceed $20 billion" Iraq has been on a list that's the highest risk countries to do business with based on terrorism. Quote: 'Iraq has proven that it is free of money laundering and has been raised from the list of high risks...' They're off that list...international markets! Quote: "The European Union removed the name of Iraq from the list of counties with risk reading the fight against terrorism and money laundering...' They're off the list. Yes!...that's exciting.
  13. here's another article related to the above.... KTFA: MilitiaMan: There is to be freedom of capital movement. (See articles below) That is something that has not been around for some time. Freedom of capital is a necessary thing when it comes to the private sector. We can see that there are preparations being made for cross border payments and there are 200 participants representing central banks, institutions, etc.. All preparing to be clearing with interlinking platforms of the BUNA, SWIFT and TIPS systems.. This is to be done shortly and on many continents. It is like the last walk through to make sure everyone is on board and knows the system and it’s applications, etc..
  14. Maybe $11 or $12 but not in our life time. When Shabibi said the IQD could support up to $14, he meant at some future date after RV/RI, not at the starting gate. Once Iraq develops it's economy, the IQD may come out as a RI, then rise over the decades as the economy blossoms. IMO.
  15. here's another article related to the above... MarkZ: [via PDK] [Nick Fleming said that the white paper from Iraq is showing $11 as starting point for international rate. Is this accurate?] I have not seen $11 dollars, but it would not surprise me. Dr. Shabibi once made a case for $12 – $12.42 back in the day…and oil is worth a heck of a lot more now then when they first proposed it. [reference Guru Fleming post below]
  16. Luigi found this article of Dinarian interests... Treat as a rumor. Not varafied. Your opine. Fleming: IRAQ HAS “OPENED THE WHITE PAPER”... The Iraqi leadership, including the newly elected leadership – including the many newly elected Presidents; didn’t like the previously published IQD “International Rate.” This disagreement caused a slight delay while this new starting/floating rate of over $11 US, was formally approved and changed. Nothing else in the White Paper was changed. Today we’re told that Iraq is planning a Saturday announcement.
  17. Luigi found this article of Dinarian interest... Treat as a rumor. Not verified. Your opine. Militiaman; A member of the Board of Directors for the GCC states it's time to adjust the exchange rate & enhance the national currency of the IQD against the dollar. You can't make that up. It's what the people in the region are talking about...
  18. Some old, regurgitated rumors still going around from years ago, are... -They're camped out in the WF parking lot. -CBI is educating the citizens. -Money is moving. -Reno is excited. -Whales are cashing in. -Contract rate are at $26. Even higher if you ask for it. -Zim is 1 to 1. 100Trillion Z = 100Trillion USD. -Lower denoms are out. -Q Cards loaded with the new rate. -US contractors paid at the new rate. -Iraqi citizens paid their back pay retroactive Jan 2020. -President Trump will press the RV button. -US gold backed UST note are out. The more things change, the more they stay the same. Yup. Nothing has changed.
  19. Luigi found these rumors of Dinarian interests... Treat as rumors. Not Varafied. Your opine. Wolverine: JUST IN…ROLL OUT PHASE!! Money is moving your way!!! In fact!! Military, D.O.D & UST Did begin the redeeming process. Began at 8 AM central time. All working overtime!! As they understand people are suffering. Everything is gold backed, remaining notifications moving forward. Running smoothly for the most part, Bankers that interfered were arrested Scavenger groups identified & Eliminated. KTFA: Samson: The CBI reveals the goals achieved from its initiatives and determines their value in dinars... On Wednesday, the CBI counted the goals achieved from its initiatives to promote economic growth, revitalize the private sector, and address the effects of the Corona pandemic, while setting its value in Iraqi dinars. The Deputy Governor of the Central Bank, Ammar Hamad Khalaf, said in a press conference, which was followed by / Mawazine News, that “the Central Bank launched several initiatives to address several reasons, including the low level of financial depth, the level of financial inclusion, the high costs of lending, the high unemployment rate, in addition to the low contribution of the non-oil sector and the exposure of the economy. Iraqi economic stagnation after 2014.
  20. Good response. Remember, Saudi Arabia Ryal & Bahrain Dinar are at or near .33 to .34 cents to the USD. There may be a n opportunity to make some money on their future revalue.
  21. MntGoat: …we read in articles that it is time to adjust the exchange rate to enhance the value of the national currency (the Iraqi dinar) against the dollar. Iraq citizens say that they demand the return of the exchange rate of the dinar to its “normal” state. What is its normal rate?…I believe the CBI is pushing for the “Glory” days of the dinar & this is their objective. This means reinstating it back on FOREX with a rate well over $3. We all need to remember that the true value of the dinar is NOT reflected in its current exchange rate even at 1120. [post 1 of 2….stay tuned] Mnt Goat: 2 of 2 We are waiting for the CBI, IMF, World Bank and BIS to finally release the real rate of the dinar [that] will fairly & truly measure up the REAL VALUE already present in the economy, the oil & other resources of Iraq. Iraq will never accomplish its goals as stated in the White Paper without the reinstatement of the dinar & globally trading it. The White Paper itself even tells us this is their objective to accomplish…
  22. here's two articles related to the above... Kaperoni: Tweet by Kurdistan PM Masrour Barzani – ‘I strongly welcome the EU’s decision to remove Iraq from its list of countries at high risk of money laundering. Now with increased cooperation and investment from the EU, banking sector reform and support will become easier to deliver for our people.’ MntGoat: We are waiting for the CBI, IMF, World Bank and BIS to finally release the real rate of the dinar [that] will fairly and truly measure up the REAL VALUE already present in the economy, the oil and other resources of Iraq. Iraq will never accomplish its goals as stated in the White Paper without the reinstatement of the dinar and globally trading it. The White Paper itself even tells us this is their objective to accomplish…
  23. Luigi found this article of Dinarian interests... Article suggests an agreement between the EU, Erbil & Baghdad. It's a very long read but is worth the time to read. Treat as a rumor. Not varafied. Your opine. KTFA: MilitiaMan: I like the sounds of this article,(see below) as it is in past tense. A good sign that there is consensus between Baghdad and Erbil. The linkage of the Kurdistan Regional Government to the global system is very telling. They are achieving success today & are saying that they will look back to today, as a turning point for a prosperous global future for the people of Kurdistan. This is a good sign of change to come. The borders are at the stage of automation & we saw yesterday the closed circuit meeting on the activation of them to come.. All good news.. imo ~ MM Samson: Masrour Barzani on the European Union’s decision: It will facilitate the banking sector reform. All good news.. imo ~ MM Samson: Masrour Barzani on the European Union’s decision: It will facilitate banking sector reform. 10th January, 2022: The Prime Minister of Kurdistan Regional Government, Masrour Barzani, welcomed today, Monday, the European Union’s decision to remove Iraq from the list of high-risk countries in money laundering and terrorist financing, noting that this decision will contribute to facilitating the reform of the banking sector. Barzani said in a statement received by Shafak News Agency; “I very much welcome the European Union’s decision to remove Iraq from the list of countries at high risk of money laundering.” He added, “The Kurdistan Regional Government and the Federal Government in Baghdad have worked, in recent years, with our partners in the international community to target sources of terrorist financing & criminal networks, especially illegal currency auctions & informal financial companies.” And he indicated that “government reforms, including public finances, services, contract procedures, border crossings, & the transparency of oil sales that Deloitte is reviewing, have made us stronger in our fight against corruption, as we have strengthened oversight & oversight of our revenues by linking the Kurdistan Regional Government to the global banking system, & now with increasing looming on the horizon for EU financial & investment cooperation, banking sector reform & support will be much easier to provide services to the public.” He added, “For us in Kurdistan, this is a personal matter, as ISIS tried to undermine our way of life, but it failed to do so, and for this reason we have placed ourselves at the forefront and center of international efforts to eradicate its sources of funding through the (ISIS Working Group) of the International Coalition.” Barzani continued, “We have also made these changes for ourselves & for our future, and if we had not made these structural reforms to our economy and tackle illegal trade, we would not have seen this opportunity presented to us with our friends in Europe.” He stressed that “this success that we are achieving today, & with Europe’s recognition of the joint efforts in Erbil & Baghdad, it is imperative that we go further to ensure a bright & prosperous economic future for our children,” expressing his confidence that “we will look back today as a turning point in the path of Kurdistan.” To fold the past, towards a prosperous & peaceful global future for the people of Kurdistan.”
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