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Wiljor

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Everything posted by Wiljor

  1. A super good morning Yota; "They also discussed the readiness to open the field for exchanging experiences and cooperation in the foreign banking sector, in order to establish a positive stage in the economic relations between the Iraqi side and the Saudi side." This is a key alliance in the ME, once these 2 ink a deal it will put Iraq in the game and begin a powerful partnership, 1 Saudi Riyal is equivalent to .27 cents, I'm guessing the IQD will come out around that.
  2. Good afternoon DV; Do not let this article get to you, if it does. Any nation with 90% below the poverty line, is doomed and civil war will be the outcome, and In my humble opinion, this will not be the case. Yes Iraq has been to hell and back over the past number of years, yes corruption has been a major disruption in progress, and yes, it feels it's been a free for all for some time now. First and foremost, the CBI is the only governing body that can adjust the exchange rate, and the article in imo, is only an opinion piece and does not reflect the ongoing progress that Iraq is making. In order for Iraq to become a global player, many things must be in place, and that list of items has been posted many times here, which most have been put into place and enacted into law as of today. Building back Iraq from the past is a massive job, one that requires a list of items as long as the Euphrates river itself and of coarse, this will take some time, how much time? I really don't know. But since then, what I do know, is that they have come a long way and they are on the right path to becoming a powerhouse in the Middle East. With the vast riches that Iraq has, and many global G20 nations wanting a piece of the action, and be protected, many elements must be established and put to international law. Again, we know Iraq is a vastly rich nation of natural resources, and the alliance being built right now with the Saudi's is key to moving forward, and will be a strong partner for future development. Now, the oil will not last forever and I think this article is saying that they cannot rely on its abundance for an eternity and steps must be taken to thwart off its decline. Devaluing the IQD to 3,000 will completely deviate from all the progress that is taking place and will plunge Iraq, and perhaps the Saudi investors, and any other nation taking up roots there, into financial disaster, and I just don't see it. I am convinced that what is taking place over there, is progress and that progress although slow and tedious one day will have its day, for the Iraqi people and for all investing in it's future. We Dinar holders are not the only ones looking at this scenario as an investment, we are one of many, and there are some HUGE players setting up shop there looking for the same thing we are, a return of investment. Keeping the faith 🙏
  3. Good morning Yota, top of the day out to you sir "Recently, there have been cases that the citizen was not familiar with, since the spread of ATMs throughout Iraq, represented by the disappearance of small and medium groups (from 1000 to 10 thousand dinars), Interesting, could this mean they are making way for even smaller denom notes?
  4. Good morning Yota, much appreciated sir 🙏 “according to the statement, "the willingness to open the field for exchanging experiences and cooperation in the foreign banking sector, in a way that establishes apositive stage in economic relations between the Iraqi side and the Saudiside." Iraq continues to strengthen its ties with its neighbors. This means joint coordination and cooperation, which translates to working together in the international community. Iraq wants to be a global player and they are laying down the framework and becoming a powerful partner in the Middle East. Keeping the faith 🙌
  5. Good morning brother Laid Back, I am onboard with your thought process, Iraq is beginning to make head ways and is on track to become a global competitor
  6. "It is worth mentioning that the Central Bank seeks to increase the ability of Iraqi banks to expand their network of relations with international banks and enhance the confidence of citizens and investors in them, especially after their success in obtaining such ratings." The writing is on the wall DV, onwards we go.....
  7. Some might say we have been down this road before. We have been down many roads in this journey, but something tells me that Iraq is on the road to be coming an international player. Oil sitting at 82.50 . Strong foreign currency reserves . Banking reform . Gold reserves . Education on banking policies . Revamping of state banks . Adjusting of the currency auctions . White paper . Sadir sounds(we will see) like he means business Love this quote from the article "A fixed exchange rate policy helps curb inflation, and a flexible exchange rate policy helps absorb external shocks. To me this sounds like floating of the IQD These are the main topics off the top of my head that make me think that we are on the other side of the mountain DV. I could be wrong, but I/we know that the IQD is extremely under valued and the only way they will prosper, become a player in the Arab world hence this article; THE ARAB MONETARY FUND, IN COOPERATION WITH THE INTERNATIONAL MONETARY FUND'S CENTER FOR ECONOMICS AND FINANCE IN THE MIDDLE EAST, ORGANIZES A COURSE ON "EXCHANGE RATE POLICY" Is to make the currency worth more then it is now, and how do they do this???? Just what they are doing now and have been for some time now, getting their act together. Just my 2 cents.... Keeping the faith 🙏
  8. Good morning Yota, thank you sir 🙏 The Possibility Of Adjusting The Exchange Rate Of The Dollar Against The Iraqi Dinar, Saleh Said, “Adjusting The Exchange Rate Is One Of The Actions Of Monetary Policy In Achieving Stability, Targeting Inflation And Limiting Its Heights Under The Effective Central Bank Law,” This has been the plan all along "The exchange rate is one of the actions of monetary policy" This will bring prosperity to its citizen, and, bring Iraq to the world stage and make them a global competitor. Keep the faith DV, its getting serious
  9. Good morning Yota, This is great news DV, the new banking reforms are now coming on line, we are getting closer 🙏
  10. Good morning Yota, Lets pray they approve this one fast Article 111 concerned with the necessity of approving the oil and gas law,
  11. Good morning Yota, "He called on those in charge of the economic file to "put effective plans to quickly get rid of debts and achieve economic recovery for the finances of individuals, which would achieve stability in the economic conditions of families and improve their standard of living." Oil is at 80usd p/b The above quote, I believe, is talking about implementing HCL, and, while the oil riches are now happening at this price, its the perfect time. The budget was calculated on 43 usd p/b or close to it.
  12. Good morning DV, We have been around long enough to know that WE really don't know if and when this investment will bare fruit. I remember when someone told me about this investment, they said that I better act fast as it could happen any day now. Well, I'm still here, and will be until this thing goes one way or the other. What we must understand, and Im sure we do, is that Iraq's currency is extremely under valued for the resources they have, oil, minerals, etc... This investment is one of those really long shots that could pay off, just like any other investment. The risk reward lies in each and everyone of us, and we all have our comfort zone regarding. What I can say for sure is that this currency is undervalued, that is fact. In order to give value to this currency there are many things that must come into play here, which I think this current president Kazemi, is implementing. Yes it's been a long wait, yes it's been a frustrating ride, and yes for some, patience is coming to an end, but one thing is for sure, I believe we are coming down to the wire here and after all these years, we could see a change in the value of the IQD. Iraq can not become a global leader with a currency value of a fraction of a penny, it's just not sustainable for them to be competitive in the global market place. @Artitech is correct, there is nothing more to hash out here, this topic has been discussed to the bone, Adam is for sure in the back ground monitoring all the goings on related to this investment. Now, it's just time to sit back and wait....just a little longer, and maybe, just maybe we will see our investment come to it conclusion. I am grateful that we have our news people, especially Yota, who bring us the daily updates and latest current events out of Iraq and the entire team here in DV. I for one do not feel abandoned at all, I can come and read here every day if I wish, I can send a mail and it gets responded, I can get the latest stock and crypto info, and most important, I can interact with all of you, which is a blessing indeed. Hang tight ladies and gents, something is going to give in this investment, and it could be anytime now
  13. Interesting 🧐 Is there something going on?
  14. Totally agree with you brother Laid Back. By talking about, and posting in the various forms of media, the exchange rate. You are hiding the obvious in plain site which is a well known tactic to keep a hot topic hidden, also, by all this talk you keep the investors/speculators guessing.
  15. Thanks ever so much Yota for your ongoing support here in DV THE DEBT OF IRAQ…. Kinda like a drop in the bucket compared to the US debt. 28 trillion and counting 🥵 Which by the way, they are once again debating on raising that debt ceiling. I guess we just have to get used to it, if we aren’t already, debt is what runs the world 🌎
  16. "The increase came as a result of the reform measures taken by the government after many bet on their failure and non-continuity," adding, "We succeeded in stopping the waste and great corruption in the notorious Central Bank auction, and we are proceeding with our procedures and we will not stop." This statement is HUGE DV, It is yet another confirmation that Kazem means business.
  17. Good morning Yota, Appreciate you sir 🙏 Wonder what they are going to vote on, and, what are they going to discuss?
  18. Good morning Yota, much appreciated 🙏 Moving Iraq to an automated economy, means an open market economy. "They also discussed "the process of recovering Iraqi funds smuggled abroad and the government's efforts in this context, as well as cooperation between Iraq and the STAR initiative to recover looted funds" Maliki hasn't got a chance
  19. Nope, its not going to happen. Maliki is a criminal of the state and a threat to the future of Iraq's progress. I find it extremely unlikely that this idiot can win the election, "The first and second mandates of Al-Maliki were the worst, and talking about a third term is a figment of the imagination," " “the Sunni forces refuse to nominate al-Maliki for this position because they accuse him of sectarian incitement during his tenure in office, and the main accused is handing over the Sunni provinces to ISIS," "Despite al-Maliki's meeting with Barzani, writer Saman Noah believes that "the Kurds are sensitive to al-Maliki, and they consider him the first reason for creating crises with Baghdad during the previous years." Just a few reasons why this chump won't be President
  20. "The expert in economic affairs, Dr. Hussein Al-Khaqani, suggested to the Central Bank to digitally reintroduce small denominations, which would provide sums for the public, after amending the digital banking system" The introduction of lower denom notes, be it digitally or physically, coincides with the financial reform operation currently underway. So much talk of Exchange rate changes and now this, perhaps "when" is closer then we think DV, and, while oil is hovering near 70usd pb, and the budget set at a pb rate of 45usd, perhaps Kazemi is looking to guarantee his seat for another term by adjusting the rate before elections.
  21. Iraq's Deputy Prime Minister and Finance Minister has reportedly said that he supports a floating exchange rate for the Iraqi currency” It is now front and center DV, it’s not a question of if, it’s a question of when.
  22. Totally agree brother Laid Back, I believe Kazemi is the chosen one by the international community to bring Iraq back to the world’s stage. And what a way to assure his position then bringing strength to the currency. We are not there yet, but, things sure look pretty darn good 👍
  23. Good morning Yota, thank you for all you do Once again we can see the talk of the "Exchange Rate" is front and center. Monetary policy is in high gear and Iraq is in the position to bring itself to the world stage. Many projects are underway as we speak, oil is close to the 70usd range, and the electronic system being put into place. It is time for them to adjust the exchange rate and make them a global competitor, the current rate is not sustainable and will not bring the riches of Iraq to the people. Human capital is the most important resource any nation can have and IF the corruption is brought under control, along with the sharing of the oil riches (HCL), Iraq will be a major global integrant and its nation a sought after investment by the global community. I'm sure they know this and from what I see, it is all coming together. Nobody knows for sure, but things are lining up in a way not seen in the past for a change in the exchange rate......just my 2 cents DV. May God bless us all 🙏
  24. It’s all good Adam, we have talked and discussed this topic for years now. I think from here on it’s just a matter of when. And when “when” comes, those of us who stuck around, are surely ready.
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