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Laid Back

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Everything posted by Laid Back

  1. Laid Back

    RV 2019 or Beyond?

    @Romad Thanks for your input and update. Is really appreciate it.
  2. Laid Back

    CBI News 09/19/2018

    Mahalo CF🙏 Me too my friend, with my new dancing shoes👞🕺 Go RV Go $1:1
  3. I think there is of financial 11% inclusion in Iraq..... The average joe don’t trust the banks. And banks don’t trust them😀
  4. Laid Back

    CBI News 09/19/2018

    I will be happy if the cbi revalues the Iraqi dinar to the same rate of the JD Jordanian dinar $1.41 Go RV Go asap
  5. Laid Back

    Three Zeros Clarification

    I tend to agree with you my friend, 👍🏻 The average joe in Iraq don’t trust the banks....... they only believe in cash The CBI has tried different strategies to get the chunky cash, - flooding the economy with dollars - Selling gold a cheaper price than the actual price - financial inclusion - open an account and get high interest rates I believe People in Iraq is the know that the dinar will have more value in the near future.
  6. Thank you my friend I really appreciate it. Hopefully when the whole government is seated, we are going to see the CBI moving forward to an open market economy. Go RV Go $1:1
  7. Thanks Climber7 👍 Dollarize...... RV.......Dedollarize......... First flood the market with dollars....... RV equal or higher than the dollar...... Then People will start Using the dinar rather than the dollar. Because the central closed the gap between the official rate and the street rate is very difficult for the private banks to make money like they did in the past. The President of the Association of Iraqi private banks, Wadih al-Hanal, said that the time is appropriate to activate the initiative of the Central Bank of "trillion dinars" for the support of small and medium enterprises ..... they need to start lending money to activate the economy. Go CBI Go new monetary policy Go $1:1
  8. Laid Back

    Three Zeros Clarification

    The governor of the Central Bank, Ali Alaak, on Monday, the existence of a plan to delete zeros from the local currency, noting that "this plan needs to deliberate steps, so as not to be exploited in the fraud." Al-Alak said in a statement to the official Sabah newspaper that "currencies with small categories, may lead the citizen to bid farewell to banks in the difficulty of storage." He added that "the central bank has a future plan to restructure the Iraqi currency, including the deletion of zeros, but this plan needs to deliberate steps, and a stable situation in order not to be exploited in the work of fraud and others." He explained that "the Central Bank has a reserve of foreign currency very comfortable, approaching close to $ 60 billion, compared to 43 trillion dinars, which means that it covers 170 percent of the size of the mass of cash." On the launch of the currency of the category of 100 thousand dinars, the central bank governor pointed out that "these ideas are traded by the Central Bank, but at the present time regret it." The central bank introduced in April a project to delete three zeros from the currency, in order to confront inflation and stimulate the economy, but was forced to stop because of the deterioration of the security and political situation in the country "to prevent manipulation and fraud of weak souls."  My opinion. “Governor of the Central Bank of Iraq: We plan to delete zeros from the local currency" Not from the nominal value $0.00084 = $0.84 Not from the face value 25,000 IQD = 25 IQD CBI Governor is saying; "Delete zeros from LOCAL currency Delete zeros from local currency means to me that they're going to collect the 000 notes from inside Iraq .... This is why the CBI is so worry about the chunky cash and want the people to open banks account to deposit the 000 notes and get them out of circulation Go CBI Go $1:1
  9. "Governor of the Central Bank of Iraq: We plan to delete zeros from the local currency" Not from the nominal value $0.00084 = $0.84 Not from the face value 25,000 IQD = 25 IQD CBI Governor is saying; "Delete zeros from LOCAL currency Delete zeros from local currency means to me that they're going to collect the 000 notes from inside Iraq .... This is why the CBI is so worry about the chunky cash and want the people to open banks account to deposit the 000 notes and get them out of circulation Go CBI Go Delete zeros from local currency Go RV Go $1:1
  10. Laid Back

    CBI News 09/13/2018

    "The abolition of European sanctions on the central bank will lead to the activation of PayPal officially in Iraq, the Digital Media Center said on Thursday" More prove that our investment is going international really SOON. Go CBI Go dinar Go international Go $1:1
  11. Laid Back

    CBI News 09/06/2018

    Thanks my friend, really interesting input from Synopsis.! I remember an article months ago talking about the dinar pegged to a basket of currencies. It was like a simulation to see how the dinar behaved... Looks like we will find out really soon. One thing is for sure. The CBI is doing an outstanding Job. Go CBI Go dinar Go international Go $1:1
  12. Laid Back

    CBI News 09/06/2018

    I would like to read that post from Synopsis..... I'm going to look for it.
  13. Laid Back

    CBI News 09/06/2018

    Lets go $1:1 Get it done CBI. Make us rich .........Nice to see you tigergorzow,
  14. Laid Back

    CBI News 09/06/2018

    All this represents the real guarantees for the protection of the exchange rate and to face this new shock. - Lower denomination - New exchange rate - Real purchasing power Go CBI Go dinar international Go $1:1 Go real purchasing power
  15. Laid Back

    CBI News 09/13/2018

    - The exit of Iraq from the gray zone and follow-up area within the classification of the International Financial Action Organization on the fight against money laundering and the financing of terrorism, thanks to the measures taken by the Central Bank in this regard. - The European Union officially announced the exit of the Central Bank of Iraq from the list of sanctions imposed by the European Union on institutions, The future of the dinar is looking Bright. Go CBI Go Dinar international Go RV Go $1:1
  16. Laid Back

    CBI News 09/06/2018

    Gold reserves growing 96 Tons Foreign currency reserves growing $58 billion Surplus in the budget its time to give real market value to the dinar Go RV Go $1:1
  17. Agree my friend, they have to deal with corruption and Iranian intervention first. Thanks for your input.
  18. I know you just checking, I'm a believer of revaluation at $1:1 Why? - easiest way to Dedollarize the country - easiest transitition for the Iraqi citizen - cheaper to rebuilt the country - real purchasing power Go RV Go $1:1
  19. Botzwana, I didn't mention RD or LOP.... I'm a believer of revaluation at $1:1 but it could start at $0.10 per IQD. Go RV ASAP
  20. Me too my friend, I'm way past ready to see the real market value of the dinar.... Go $1:1 Agree my friend.... SIstani Knows it's time for real purchasing power. Agree with you Floridian, maybe the plan is to start at $0.10 per dinar and let it react to the forces of supply and demand. Go RV ASAP.
  21. It's time to give real market value to the dinar Go RV Go lower denomination notes Go $1:1 hope I'm wrong but I think when they refer to small groups, they're talking abut 250, 500 and 1000 IQD notes. If this is true we will have to wait a little longer for an RV I want my RV
  22. Laid Back

    CBI News 09/06/2018

    Doing well, thanks for asking.....Aloha.!
  23. Laid Back

    CBI News 09/06/2018

    Nice to see you my friend, hope all is well.
  24. Laid Back

    CBI News 09/05/2018

    Thanks yota for keeping us informed.! Gold reserves and foreign currency reserves continue growing ..... They are getting ready to give real market value to the IQD A gold reserve or lack thereof can affect the value of a nation's currency if that currency is not backed up by a hard asset. Go CBI Go new monetary policy Go real market value Go $1:1
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