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ReVbo

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Posts posted by ReVbo

  1. 8 minutes ago, King Bean said:

    COM has to approve nominations, then GOI needs to vote approval. And as the GOI is exhausted by their additional month of doing nothing, this does not appear like it will get solved until GOI reconvenes in September. These folks don't do ANYTHING in a hurry, so don't hold your breath. Remember also, proxy positions are supposed to end by October 31st and I expect (IMO) they will drag the CBI nominee out as long as possible to steal from the auctions as long as possible. Time will tell.

                                                                                    ;)

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

    • Thanks 1
    • Upvote 4
  2. 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

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  3. 8 minutes ago, 3n1 said:

     

    the Saleh ur referencing i think is / was the economic advisor to abadi and was shabibi front man at the cbi ( Mohamed Salah )

    Barham Saleh that was just put in place as president is a Kurd completely different man .... I may be all wrong though getting confused with all the Selah' moving about lol ... cheers

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

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    • Upvote 1
  4. 5 hours ago, Luigi1 said:

    Luigi says...

    Good news...if this rumor is found to be true.

    We can now move on to the next RV hurdle.

    Not varified. Your opine.

     

     

     

    8-30-2018   Newshound Guru chattels   The CBI announces everyday the Market rate on its site, its called the ”Dollars Exchange Rate in Baghdad Markets “ and it shows perfect compliance since June.   ...the CBI according to this report met 2% compliance on March 14 2018 and and has been able to maintain it to date.

    So good news.  Many of us we unaware of the posting at the CBI and have been watching news reports.
    [Side Note:  The latest CBI reported market rate can always be found on the left side of this page...the last CBI update shows the market rate of 1206 as of 8-30-2018...this is within the 2% rule.]  

    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 1
  5. Just now, Floridian said:

     

    I never noticed a decimal point before, but if they have shown one, the numbers at the end never changed like they are changing now.

    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.

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  6. 18 minutes ago, Floridian said:

     

    I think Kaperoni is right.  He always said they would start out with the current rate and climb quickly as investment comes into Iraq.  I'm really shocked that no one else commented on your post.  Here's the latest xe quote, below.  .70 at the end.  Looks like it's climbing quickly to me.

     

    XE Currency Converter: USD to IQD

     
     
     
    Read important information about the IQD. 1 USD =1,191.70IQD
    US Dollar1 USD = 1,191.70 IQD
    Iraqi Dinar1 IQD = 0.000839136 USD
    2018-08-02 15:33 UTCAll figures are live mid-market rates, which are not available to consumers and are for informational purposes only. To see the rates we quote for a money transfer, please sign up or log in to your XE Money Transfer account.Set up a Rate Alert
      Convert

     

     

    Has Xe not shown a decimal point before? 

    • Upvote 3
  7. 37 minutes ago, jeepguy said:

    And who has bucks in any land ! Those that control the cash , and contols business , everywhere it is the same ....  So the business guys are stating ----- 0.86  ( let's keep an eye on this  0.86 rate the stock market above has ... It is the future ) 

    ..

    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.

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    • Upvote 4
  8. 35 minutes ago, Butifldrm said:

     

    Now this is the funniest headline.  I posted this early this morning.

     

    Sadr is an idiot: We are all waiting for the trial of the corrupt

     
      
    %D8%A7%D9%84%D8%B5%D8%AF%D8%B1-1-696x435

    Information / Baghdad ..

    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." Ending / 25

    http://www.almaalomah.com/2018/07/02/322900/

     

    DhGA5FBWsAsmfWq.jpg:large

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

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  9. 27 minutes ago, Butifldrm said:

     

    Now this is the funniest headline.  I posted this early this morning.

     

    Sadr is an idiot: We are all waiting for the trial of the corrupt

     
      
    %D8%A7%D9%84%D8%B5%D8%AF%D8%B1-1-696x435

    Information / Baghdad ..

    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." Ending / 25

    http://www.almaalomah.com/2018/07/02/322900/

     

    DhGA5FBWsAsmfWq.jpg:large

    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.

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  10. 29 minutes ago, Carrello said:

    Thanks, RevBo!  Don't need a blueprint to know what Sadr is calling for as it is there is black and white: economy and currency to flourish. 

     

    Sadr is the new big power in the government and Iraq. He is wheeling and dealing all over the place and having him calling for currency and the economy to flourish is a big deal, and there are only a couple of ways that can happen: investors and currency revalue. I can't figure out why this posting isn't getting more play, especially considering all of the other great news in the past week.

     

    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.

    • Upvote 7
  11. 1 hour ago, juliebug said:

    Carrello, you are completely spot on about Tlar. Thank you for your beautiful words about him. When he was banned from DA one of the other members gave me his email address. I was receiving updates and then they just went away. He never intended to mislead anyone, in fact he was horrified if anything came out of his mouth that wan't the truth. He just wanted to see his friends and family prosper from this investment. He lives not far from me in Texas. Do you know if he his still with us? I sure would love for him to see this happen...

     

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

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  12. 15 minutes ago, King Bean said:

     

    Of course not. ZIM is the REAL currency scam, not IQD. My plan is to cash some out, remove the I-R-A-Q keys from my keyboard, delete all those links, disappear. Buh-bye. I suspect I will meet some of you in Fiji, Costa Rica, Europe. I will recognize you by the sheepish IQD grin.  :twothumbs:

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

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  13. 2 minutes ago, DinarDavo said:

     

    Thanks for the heads-up.....I wasn't sure where I should put the proceeds from my dinar exchange....    :peace:

    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. 

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  14. 1 minute ago, bostonangler said:

    Go read the news... Today the CBI is allowing people to get money out of machines (ATMS) with a limit of 2 million Dinar per day.... Ahhhhhh that about sums it up....

     

    B/A

     

    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. 

    • Upvote 1
  15. 7 hours ago, Floridian said:

    Hmmmm.  I dunno about this.  

    What do you think, ReVbo.  I see your name at the bottom of the page.

     

     

    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. 

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  16. 6 minutes ago, pokebu said:

    I believe Kaperoni  has maintained since March, that Thursday the 14th is the 90th day in this IMF required cycle.  I assume that would mean Iraq is untethered  as of Friday the 15th.  Now the question is Will they and When will they, take action on the peg? 

     

    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. 

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  17. 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.

     

     

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