mr.unlikely

Im sure this is just a coincidence that the cost of goods went up by 20% after devaluing the dinar by 20%. Like when the dollar drops in price and the cost of a barrel of oil goes up in dollar terms, just a coincidence. devalue the dinar domestic goods become more attractive to consumers cause they are cheaper, except that they are still on the dollar standard soooo, all goods imported and domestic will rise with inflation forced by the manipulation of the dinar vs. the dollar. Doesn't take an economist to figure this shiite out. Question is: Now what are they going to do about it?

It's always darkest just before it goes completely black

What a revoltin development!

I dont give them enough credit to be that smart. I wish that I thought they were. This smoke and mirrors is just smoke being blown up the petunia. Remove corruption and the greedy punes from the process and Maybe we get some movement in value.

rvmydinar the rate of exchange at 1600:1 is $.000625/1 IQD. drop the zeros and you are at $.625/1 IQD. The exchange after dropping the zeros from the nominal rate of exchange becomes 62 cent or about 1.61 dinar/USD.

LB I agree. The question is what direction will the rate of exchange move? We all see, plain as day, what direction it needs to go but what does parliament and the CBI see? Im not getting that warm fuzzy feeling reading all of this gibberish. I am however rooting for 1:1 right there along side of you. Go Baby, Go!

I have come to the conclusion that everyone who runs the country of Iraq, including the independent Central Bank, are a bunch of booger eating Morons. The dollar has hit its lowest price point in two years and is sinking like a stone. Now The CBI wants to devalue their currency against a depreciating dollar? Thats a 18% decrease from where its at now. When the dollar falls more, increase that loss of value. Glad I bought a ton of XRP at .22, I wont be looking for any windfall from this venture anytime soon.

And the beat goes on!

It is my understanding that the notes will be honored at face value for an extended period of time. So, if the rate is 1 dinar equals 1 dollar then a 25K note will be redeemable for 25K minus exchange fees, bank fees, taxes etc.

So Parliament is pregnant with a law? I wonder if this thing goes full term or if it will be just another miscarriage. We should know in 9 more months. Sad thing is, they probably don't know the father. The whole world is changing faster than you can say ah snap! and these guys just keep stumbling around trying to have an idea baby

Don't you mean Bus jumping?

Much funnier now than it was then! Half crazy runner my wife says 10 year old. Thanks for giving me the benefit of the doubt.

I had a blackshart once. Sooo embarrassing!

Pitcher good article. It's about time that Iraq does this. The Sanctions on Iran seem to be showing signs of paying dividends in Iraq. If Kazemi can take advantage of the weaknesses of Iran's Militias without Solemaini and Muhandis and unite the forces he has under his control already to stand against the meddling of the Iranian Mullah regime, Maybe Iraq stands a chance of regaining full control of borders and the corruption will subside to a level that is manageable. As far as revaluing the currency, I'm not sure if that makes any difference since that is controlled by the Central Bank and to some extent, the ministry of finance. That's a whole nother level of corruption that needs to be dealt with. I would say that things seem to be going in the right direction. DV, good morning from beautiful Fort Hunter Liggett.

So what's the freakin surprise? Good grief don't these mooks know how to finish a story?

What a friggen douchebag!

Okay it's June 1st😷 I just can't believe that it didn't happen! WTF? Those guys all said it would. Oh well, at least I have that ocean front property in Kansas to look forward to. What a steal! It only cost me 2 Bitcoin. It looked so cool in the online brochure. I can't wait to see it in person. I so cited!

Kazemi is Mr. Empty Pants. I kind o feel sorry for the guy. He stepped into a steaming, fly infested pile of Camel dung. If he has it tested I think he will find Malikis DNA.

country_report_2020_IRQ.pdf Good morning DV. I finally got a hold of the 2020 country_report_2018_IRQ.pdfBTI transformation index report for Iraq. I was hoping that, like the 2018 report, This report would provide a reasonable value for the Iraqi Dinar. I have gone through the report but It doesn't appear as though they included their valuation for the dinar as they have done in years past. In the 2018 report, BTI had valued the dinar at 1.71/USD. I encourage you all to go through this report to see if I missed the tell. Look in the banking section. In the 2018 report the dinar value was in the banking and forex section. I am trying to attach both files here for your review. I appreciate the feedback guys and gals. Let me know what you thing. Adam, any thoughts? Thanks in advance all and Happy Mothers Day.

Wow! Pitcher, whats the play?

I've always wanted to vacation in Paris😈

Are those C cups or T cups? It's hard to tell.

sounds to me like they are going to open up the auctions again so that the money laundering can continue and the GOI will use that to bring the rate back down to the program rate. It seems like the easiest way to pump a lot of USD back into the market. It also gives the appearance to their people that they are 'working real hard' to reduce the exchange rate when all they have to do is change it. IMO if they reopen the auctions and go back to the exact same rigmarole, they have wasted a huge opportunity to make a structural change in the currency regime and their, our, window of opportunity is going to close. If 20 dollar per barrel doesn't dislodge these criminal f---tards, I'm not sure anything will. I swear it would take these knuckleheads three tries to get a yes or no question right. Sorry DV not trying to be a wet blanket, but these mooks are grinding on my last nerve. Where is 10 years later? I miss his rants. They always make me laugh. Mostly cause he's right and I think about what he might say if he wasnt sugar coating it out of respect for all of the members here,and the rules of the forum, lol.

LMAO I laughed out loud every one of the twenty five times I watched this. Thug yer killin me!