ReVbo

Two questions: 1. Who actually believes this BS? 2. What scam artist would even want Zimbabwe’s money?

Check out Yota's parliament thread. They're coming back for one more session on Tuesday, so there's still hope.

Aha! Thanks.

What does “Bicraqi” mean?

Saleh appearance: the general equivalent of the dollar values model BAGHDAD / Appearance of Mohammed Saleh The concept of the general equivalent of numeraire goes to the existence of a single commodity representing the basic commodity, which makes all other goods priced against that commodity. This comparison makes it possible to diagnose any commodity that is the highest or lowest value of other commodities. On this basis, the Bretton Woods Agreement in 1944 approved the dollar The price of one ounce of gold is equivalent to 35 US dollars. And all the currencies of the world are either parts of the dollar, or more than the dollar multiplier. Thus, the dollar played the role of the general equivalent of values because of its stability to the price of gold over a quarter of a century. But the fixed exchange system in the global financial stability has lost its resolve and ended In the early seventies of the last century because of the limited official gold in the United States, and the solution of an alternative dollar monetary system born from the womb of the former monetary system. The general equivalent of the values was linked this time to a commodity basket denominated in the same dollar and fluctuating prices according to the mechanism of the market in supply and demand and is consistent with a flexible exchange system for the dollar. In this way, gold came out of its official price limit to join the market basket within a major commodity chain to form the new pillar of values . The commodity basket included oil with gold to be the main component, as well as agricultural crops and other commodity groups, all of which are traded in US dollars. In other words, the dollar as a general equivalent of values from the official single-gold has been fixed as a commodity, Which was gold among them, a commodity that possesses the function of storing value or wealth which is also a function of money ... (In terms of the Bretton Woods Agreement) to make the dollar the role of the general equivalent of numeraire. In other words, there is a causal relationship created in the post-Bretton Woods period, the linkages and mechanisms between the rise in the prices of dollar-denominated commodities (Commodity pluralism) .. And the decline in the value of the dollar itself or vice versa in a commodity cycle - dollar cycle not limited to gold denominated in dollars, but goes to the dollar-denominated oil also and a number of other commodities denominated in the United States currency, which are all handled through the US monetary unit. The dollar. The new features of the international financial system have come from the new features of the international financial system, where dollar-denominated commodities have become a safe haven for value-saving or hedge rather than the dollar itself, which helps to keep values and vice versa when the value of the dollar rises and commodity prices fall without the dollar losing its role in this reciprocal relationship between The money and its alternatives are denominated in the same currency. It is a monetary system created by the dollar and the real commodities associated with it. The source of the cycle mentioned above is the strength of the real economy and the effects of its markets against the movements of the nominal economy and Real unhide cohesion in maintaining competitiveness and hedging loss, which explains the phenomenon of a falling dollar with the growing oil price, gold and other goods staples. The transition from the dollar-based monetary system as a general equivalent to the value was formally linked to a fixed price of gold (the promise of gold as a single commodity, with a fixed exchange system accompanied by current balance-of-payments current account liberalization) and the transition to an emerging international monetary system in which the dollar is equivalent (A basic commodity basket whose prices move according to the market forces and a flexible exchange system with a tendency towards liberalizing the capital account of the balance of payments as well as the liberalization of the current account), such as the fact of the transformation or the essential transition in the current global monetary system. Where the global reserves of gold produced, oil, crops and others are all the main commodities with which the US dollar is tied together at the same time in the commodity market, which is in one way or another integrated into the money market, which has been the development of the international financial market and its ability to rotate The world's surpluses of the dollar but in the commodity dollar warehouse itself is not outside its incubator. The continued international thirst for the dollar has created various analytical paths, particularly those that dealt with the status of official international reserves. For example, the International Monetary Fund noted that international official reserves may be higher than rates of more than 60% of the US gross domestic product The situation in 2010) to reach about 200% in 2020 and may approach 700% of US GDP in 2035. While world trade continues to pay in US dollars at a rate of 83% of the value of that trade between nations. 56-60% of the world's official reserves are in US dollars, especially the growing reserves of economies in emerging market countries, which today number 54 countries The world accounts for nearly 50% of the world's annual growth. Also, 60% of the loans granted by global banks today are also paid in US dollars. Even if the dollar loses its value, the intensity of the emerging economies' demand for foreign reserves and their fears today that the dollar will lose its value are the same concerns raised by Belgian economist Triffin since 1947 when the world began to rely on one reserve currency, the dollar. Triffin noted that the United States should issue more government debt to facilitate global trade and meet the demand for those reserves. And so it became of us

You’re right. Shabibi’s, and more recently, Abadi’s, guy, is Mohammed Saleh. Barham Saleh is a totally different person.

Unlike pretty much every other post you make, this one actually can be verified, Luigi. Here's the link. You can follow it every day and see for yourself whether they are in compliance. https://cbi.iq/news/view/237

Thanks. I’ve never really followed the various exchange groups unless someone posts it here. I like unusual stuff happening, and the piece Newbie posted yesterday, with all the various currencies listed, was definitely new. If this is new from Xe, even better.

Has Xe not shown a decimal point before?

It’s 86/100 of a dinar, not a dollar, and from the history of that stock, it’s pure coincidence that it’s at that number today. That this particular stock is worth .86 dinar today is completely irrelevant to the any potential appreciation of the dinar. We’re talking about a bank that’s worth roughly $175 million. That is a VERY small, unimportant bank, and its market capitalization has zero to do with the dinar other than its stock is valued in dinars.

That’s a quote for stock in a bank, not an exchange rate. That bank’s stock is currently worth .86 dinars per share.

Sorry, Buti. I posted the same article you did. I didn’t see yours.

Yeah, that was actually the headline of the translation I originally posted. I thought that would be really confusing, though, so I went with the other.

Never mind. Can’t edit a thread title.

In fact, let’s test that theory. DV isn’t a stickler for headlines being original to Iraqi news, are they?

I think it’s that the headline doesn’t say anything about the dinar. If it was titled “Sadr Calls for Dinar in the Ranks of Major Work,” it would have 100 replies.

The leader of the Sadrist movement, Moqtada al-Sadr, on Monday, that everyone is waiting for the trial of "corrupt" officials and politicians in Iraq, wondering about the date of their trial and who will be tried. "When will the corruptists be tried in my country? ... And who will be prosecuted?" Sadr said in a tweet on his social networking site Twitter. "When is the decision Iraqi?" "When will the Iraqi economy flourish, and its currency will be in the ranks of major work, and when educated youth will have an effective role in determining the fate of Iraq and its construction?" "We are all waiting for the trial of the corrupt." http://www.almaalomah.com/2018/07/02/322900/

tlar is alive and well. He just didn't want his stuff to become public anymore so he keeps his communications private.

Kaperoni is a dude, BA.

Good to hear. You never know, and as many people as I've seen talk about it seriously, I wanted to make sure.

I'm not usually one to give investment advice to anybody, but I sure hope you two aren't serious about that. The only people who argue Zimbabwe's currency will make a comeback are people looking to sell Zimbabwe's currency. There is no hope that this country will improve, economically, any time in the foreseeable future. Mugabe robbed the place blind and murdered or ran off every producer in the country. Now, his successor is begging the white farmers to come back to the country, but it's not happening because they all know, as soon as they get their farms up and running again, the government will just come back in and confiscate them. Zimbabwe went from breadbasket to basket case in under 20 years, and it's not coming back in our lifetimes.

I hadn't seen that yet. Yeah, that should definitely put an end to this rumor. You need to get some new sources, Bulldog. Yours are messing with you.

Beats me. I went back and looked up Bulldog's post history and this isn't the first time he has posted a rumor so I'm taking it with a truckload of salt. I would imagine, it it was true, we would have seen confirmation from other members as there are lots of folks here with contacts in Iraq.

We have watched the market rate very closely over there for a very long time, and feel confident that, at midnight, Friday, June 15, the IMF's 90-day compliance requirement will have been met.

It’s been a long time, Floridian, and I really don’t want to do all the research again, but I’ve seen lots of references to the 2% rule from the IMF over the years. I don’t know that it HAS to go for three months, but the IMF was never going to allow a move to Article 8 while the multiple currency practice (spread between the official rate and market rate being excessive) was going on. Here’s the link to the IMF definition of MCP: http://www.imf.org/external/SelectedDecisions/Description.aspx?decision=6790-(81/43) (i) Action by a member or its fiscal agencies that of itself gives rise to a spread of more than 2 percent between buying and selling rates for spot exchange transactions between the member’s currency and any other member’s currency would be considered a multiple currency practice and would require the prior approval of the Fund.