[Central Bank proceed regardless of remittances starting from Sunday]

***///

 

... never "cash out".   Please use "currency exchange".... thank you. 

I love it when the ladies talk like that!

[Keywords: delete the zeros existing project and we have given the green light for its implementation]

Look, until Possum sees Luigi`s shadow we all just have to wait and see.

[Open Electronic Clearing System Files ! (Iraqi Banks)]

Great post. Thank ye. As Iraq continues their banking and financial improvements and technology I have to ask you folks here who are way smarter than I am, do other countries with wide exchange rates against the USD, such as Vietnam, do they also have th same tech for transactions? I'm just trying to get a gauge or opinions as to how much all this continue progress has in relation to currency value and/or change in value. Thanks in advance for any replies.

Great post. Thank ye. As Iraq continues their banking and financial improvements and technology I have to ask you folks here who are way smarter than I am, do other countries with wide exchange rates against the USD, such as Vietnam, do they also have th same tech for transactions? I'm just trying to get a gauge or opinions as to how much all this continue progress has in relation to currency value and/or change in value. Thanks in advance for any replies.

[Big Call]

When I get the "Big Call" I hope my kids are with my wife by my bedside and help her with the arrangements.

[CBI to RV/RI on a USA holiday?]

I`ll guarantee you when/if it revalues there will be a holiday at my house!

[Central: Iraqi dinar hard currency]

Thanks yota for all the work and articles. I find it interesting that there seem to be so many more articles lately directly discussing the exchange rate, whether they be speculative or just in relation to monetary policy. I wonder how much correlation there might be between the strengthening value of the USD and lower oil prices against the Iraqi dinar. I don't know what will ultimately trigger an RV but find it interesting they seem to be apparently trying to get to less USD reliance other than in relation to oil. Thanks again.

[SOMEONE CORRECT ME IF IM WRONG. HAVENT SEEN RATE THIS LOW]

The only chart that matters is the Central Bank of Iraq. Try to find a bank that will exchange with you at 1128 from them or the other site rates. I agree this is cool to see but I guess I'll be. Debbie Downer and think it means nothing. Just my opinion. Hope you're right that it means something.

[Mtn Goat "Re-Positioning Iraq For Wealth" Very Long !!]

Okay, I think I'm starting to figure this out now. Mountain goat is a dude from New Jersey who acts like he is a gal from Germany. Sounds to me like Bruce Jenner is a dinar holder who thinks he/she is a guru.

[Parliamentary Financial Committee asks for one more week to finalize Budget Law draft]

I'm with Mr. Parrot. Very difficult to keep reading tea leaves and assuming every little delay is related to a revaluation. I think this thing will happen but I am over tying it to a single event. I hope I'm wrong.

[WF bank story.]

Just another WTF bank story.

[Islamic State terrorists kill 13 teen boys for watching soccer]

IMO nothing of significance will be done about this growing wave of Islamic evil until Obama's worthless arse is out of office.

Obama will likely not refer to it as terrorism, let alone Islamic terrorism, if he addresses it at all. Rather, he will tell us this was a random instance of workplace violence.

[News of the death of "al-Baghdadi," died of severe injuries in Deir al-Zour]

In guerilla type war it is so much harder to confirm anything. I'm glad a bad guy got taken out. If the USA and the administration is serious about eradicating terrorism then 2 things need to happen imo. One is the public must consider this an ongoing threat and priority to fight it and, 2, put an administration in with a plan to fight, not surrender. Just my opinion.

[I am the richest man in the world !]

Me too.

 

Family and friends are truly what count. 

 

HAPPY ANNIVERSARY to your parents. WOW....58 years.  One of my good friends celebrated their 50th and unfortunately my good friend died before the 51st.  Amazing how easy the couples with a good marriage make it seem but they will be the first to tell you that there was plenty of work along the way.

Truth. 36 years for me and it is mostly due to my wife being a Saint and putting up with me. We live, we die. In between is what we call life. I've been blessed to appreciate the struggles of it and thankful for the trip.

[Parliament session adjourned to next Saturday]

That would be nice but if we're to base our opinion off the news then this is just more guru bs.  They told us earlier in the week that the finance comittee had to give their report on the budget to parliament on Wednesday and then they would read the budget a second time but if they didnt get to read it that day they would probably finish on Saturday.  Then they told us yesterday that they did not finish reading it and it was on the agenda for today to keep reading it.  Today it sounds like all they did was discuss it and argue about it some more.  Unless they are keeping the second reading secret it is not done.  They will finish reading it on Saturday if things are different for the better this year and if they are not then they will keep arguing about various points until it is ready to be read for the second time.  ONce it is read a second time they have to wait at least four days before they can call a vote.  Maybe everything will be different and they can throw the constitution playbook out the window for the rv but if not then this post is just more guru hype.  Heres to hoping

Maybe what they should do is pass it then they can read it. It seems it wouldn't be the first time some country`s elected representatives bypassed the constitution.

[After opening a bank in Mosul .. Daash approve its budget for 2015 with a surplus of $ 250 million]

Nice drive up teller window. Is the dude with the car the ATM?

[Cash-strapped Iraq seeks to delay final $5.75 billion due to Kuwait over 1990 invasion]

Its even harder with a lazy unskilled work force.  Look whats happening here. 

 

Socialism does not work.

Yeah, I've been waiting since January 2009 to have my house, truck and bills all paid by Comrade Barry and Uncle Joe. What gives??? Lol

[Lack of money may decide the fate of ISIS]

Lack of money may decide the fate of ISISDecember 11, 2014 by Amre SarhanA general view from an ISIS seized area showing what appears to be a court.(IraqiNews.com) On Wednesday, the international Rai al-Youm newspaper quoted the terrorism expert, Charles Brisard, saying the ISIS group lacks money despite holding assets worth more than $2 trillion.Charles Brisard, a consultant on business intelligence and expert on terrorist financing, estimated the wealth of the ISIS organization at more than $2 trillion, but added the ISIS militants may lose the war as they do not have enough money to run the entire territory they have seized.Brisard indicates that the cost to run all aspects of an administration, including paying the militants, schools, hospitals, maintaining roads, water networks and electricity, is far beyond the reach of the ISIS group militants.He also believes that Iraq’s Sunni tribal leaders are the ones who will decide the fate of ISIS, as happened in 2006 and 2007, when they helped the USA in the fight against al-Qaeda in Iraq. “That means there will probably come a time when the population could turn against the Islamic State,” Brisard said.Noteworthy, ISIS makes about $2.9 billion a year, much of it from selling oil and gas in the black market, and farming projects within the territories it controls, according to the ‘Thompson Reuters’ report.“About 12 percent of the organization’s total income comes from extortion as ISIS militants receive about $30 million a month, which comes mostly from ransoms,” said the report.http://www.iraqinews.com/iraq-war/lack-money-may-decide-fate-isis/

Thanks for the article. I find it interesting there is such a huge black market for oil. Who is buying it? Cut off the head of the purchaser and they lose a bunch of their funding.

[Parliamentary Energy: raise zeros will not affect oil prices]

. . . yeah, but when "next year does anyone think he is referring to ? [ January ? ] . . . not tryiing to shoot a water cannon at the campfire.

Not sure. But I do like he says 2015.

[IMF End of Mission Press Release]

I'm no economist or monetary expert but I think this article only reinforces the obvious. Iraq has taken a hit financially and economically due to a variety of circumstances we have all discussed and observed for the past year. I will say it actually puts forth a positive look given the losses percentage wise are minimal given the events. Give me confidence they continue to weather storms.

[The budget will reach the Council after days and canceled legislative recess of the Council to convene an emergency session]

Here is my take on the lower oil prices. Budgets for the exploration and production companies will be reduced and redirected to the highest IRR projects. In the USA, almost all of the new oil production comes from shales drilled horizontally. These have very steep oil decline rates. So, any drilling disruption for any length of time will result in the US oil rates to decline and the oil prices will move upward rather quickly until supply/demand come back in balance. I dont know that price but many oil producing countries around the world need about $90 per barrel to achieve their current budgets.

Interesting. Could happen. Or we could be in for a price war. The Sauds had an opportunity to drive the price back up by reducing production but chose not to. In my ignorant opinion I think a current oil price war could be similar in strategy to Reagan overspending the Soviets on defense and bankrupting them. I can see the Sauds wanting to take Venezuala and the Russians out of the market. There could be more to this than meets the eye.

[Kurdish delegation arrives in Baghdad to discuss outstanding issues between Baghdad and Erbil]

The agreement is probably on Harry Reid`s desk.

[Pending Kuwaiti newspaper: Abadi $ 3 billion in Treasury found only two billion and 700 million lost during the last election]

You are ruigh. But in this case we have a country on it's knees. And the value of the dinar is at risk>

You are correct. And the USA is about on its knees and the value of the $ is also at risk as well as no longer being the benchmark currency. I think the parallels are incredibly similar. Wait until civil unrest hits the USA. It is feasible imo.

[Rumored...it's a LOP.]

"Guru Tee D"? I was hoping it would be JG Wentworth. It's my money and I want it now!

[Pending Kuwaiti newspaper: Abadi $ 3 billion in Treasury found only two billion and 700 million lost during the last election]

Sounds too familiar. I've seen this for years in the USA. We taught them well.

[Chechen President: we will reveal to the world that al-Baghdadi, an agent of the American intelligence]

So Chechen Wayne's World character with shorter hair and Garth standing behind him has a press conference covered by The World Weekly News and we are supposed to believe it just because he isn't wearing his customary tin foil hat because the air conditioning is on? Wow. Just wow. Lol.