ronscarpa

( IQD Rates - Updated: 7/16/2019 ) Official Central Bank of Iraq (CBI) Dinar Rate: 1190 IQD to 1 USD Dinar Market Rate: (CBI last reported 7-16-2019) 1194.136 IQD to 1 USD - Rates Are Within IMF 2% Rule: YES - Are Rates IMF 2% Rule Compliant for 90 Days: YES (maintained since ~Mar. 15, 2018 & Iraq Market since ~Nov. 14, 2018)

************* IQD CURRENCY EXCHANGE RATES - 7/16/2019 ************ Exchange Rates US dollar USD 1190.000 Euro EUR 1341.011 Pound sterling GBP 1492.974 Canadian dollar CAD 912.087 Swiss franc S.FR 1211.258 Swedish krona SEK 127.192 Norwegian krone NOK 139.333 Danish krone DKK 179.593 Japanese yen JPY 11.029 Chinese Yuan CNY 173.111 Australian dollar AUD 837.046 Special drawing rights SDR 1647.841 Gold for 24-ounce Gold 1669456.800

Tuesday-July 16, 2019 CBI - Foreign Currency Selling Window for Wednesday, 17/7/2019 that was performed on Tuesday, 16/7/2019 Announcement No.(3999) Sale Date - 17/7/2019 performed on Tuesday-16/7/2019 Details Amount Total sale for the purpose of strengthen outside assets (Transfers and credits) 160,226,684 Total sale cash 25,680,000 Total sale amount 185,906,684 Note: Selling price of remittance money to bank accounts outside is (1190) ID for each Dollar. Cash selling price is (1190) ID for each Dollar. Link: » Sales schedule of the Central Bank of Iraq for foreign currency (amounts in thousands of dollars) on Wednesday, 2019/7/17, and implemented on Tuesday, 2019/7/16

7-15-2019 Newshound Guru Kaperoni [via Baxter] ...the Article 4 consultation report... is to be released yet this Month...and that should tell us more about where Iraq is at this point. 7-15-2019 Intel/Newshound Guru sandyf ...If we are to gain from this venture then it is not going to come from anything Iraq does. How can people talk about Dinar and Dong in the same breath and then think the answer lies with 3 zeros. Hopefully by the time Iraq ever gets around to deleting the zeros, all thoughts of Iraq will be well and truly in the rear view mirror.

What city are you in PP..?

Stampede 2019 in Calgary...? Wasn't that the 5th - 14th..? I've been to them in the past - many years ago, in the Western Airlines Days. What Rodeo are you mentioning next weekend..?

( IQD Rates - Updated: 7/15/2019 ) Official Central Bank of Iraq (CBI) Dinar Rate: 1190 IQD to 1 USD Dinar Market Rate: (CBI last reported 7-15-2019) 1195.163 IQD to 1 USD - Rates Are Within IMF 2% Rule: YES - Are Rates IMF 2% Rule Compliant for 90 Days: YES (maintained since ~Mar. 15, 2018 & Iraq Market since ~Nov. 14, 2018)

*************** IQD Currency Exchange Rates - 7/15/2019 ************** Exchange Rates US dollar USD 1190.000 Euro EUR 1342.915 Pound sterling GBP 1494.640 Canadian dollar CAD 910.412 Swiss franc S.FR 1206.897 Swedish krona SEK 126.628 Norwegian krone NOK 139.418 Danish krone DKK 179.840 Japanese yen JPY 11.004 Chinese Yuan CNY 173.313 Australian dollar AUD 829.668 Special drawing rights SDR 1647.603 Gold for 24-ounce Gold 1671052.500

Monday - July 15, 2019 CBI - Foreign Currency Selling Window for Tuesday, 16/7/2019 that was performed on Monday, 15/7/2019 Announcement No.(3998) Sale Date - 16/7/2019 performed on Monday-15/7/2019 Details Amount Total sale for the purpose of strengthen outside assets (Transfers and credits) 158,585,350 Total sale cash 21,810,000 Total sale amount 180,395,350 Note: Selling price of remittance money to bank accounts outside is (1190) ID for each Dollar. Cash selling price is (1190) ID for each Dollar. Link: » Sales schedule of the Central Bank of Iraq for foreign currency (amounts in thousands of dollars) on Tuesday 2019/7/16 and implemented on Monday 2019/7/15

Thanks PP, I did ... I hope you did as well...! Be Blessed .... RON

7-14-2019 Newshound Guru Don961 Article: "Paying with plastic? Iraqis weigh pros and cons" Quote: "In Iraq's cash-driven economy, the Communications Ministry and head of the Central of Bank are getting input on a mechanism that would allow banks and shops to further facilitate the use of debit and credit cards." ...this is where the rubber (er...currency) hits the road...in the marketplace... cool article...dump the rippy old notes with all those zeroes... replace them with new polymer ones that don't deteriorate as quickly...and give them a value so small change can be made without an issue... give 'em sum coins for the Fil jar to save for a rainy day ... 7-14-2019 Intel/Newshound Guru sandyf ...Govt does not Drop the zeros...CBI does...Central banks have a limited role in the management of a currency. Changes to the monetary unit or major changes to the currency require government approval. Deletion of the 3 zeros in Iraq will affect the monetary unit and as such will require a Bill to pass through parliament, it's not going to happen any time soon..!

7-13-2019 Intel Guru Delta [Q? : I believe you have recently stated that they have ALREADY lifted the 3 zeros in country...Can you please clarify this for me?] IT'S ALL DONE... MAYBE IT'S SOMETHING OR NOTHING BUT...NO RATE UPDATE SINCE WED ON CBI... 7-13-2019 Newshound Guru Kaperoni [Q? : 77% of the world's transaction revenue touches an SAP system! They are HUGE! They...wouldn't set up shop in Iraq for fun..! ...They have seen the potential & want to get in on the ground floo..r!] Yes..! It's a big deal they are now in Iraq... 7-13-2019 Intel Guru Delta [Q? : What if the central bank stopped selling the dollar?] Article quote: "It may be necessary to resort to other mechanisms that are quite different from what is currently being used." WHAT'S NEXT? ...DETERMINE THE PRICE GLOBALLY...! That's all folks....Be Blessed..! RON

7-12-2019 Newshound/Intel Guru Mnt Goat "MONETARY RESERVES WITH THE CENTRAL BANK OF IRAQ: CRISIS AFTER CRISIS" This article is nothing more than the CBI tooting its own whistle again. al-Allaq knows his days are over in the CBI and he is going to be replaced. He is the third generation proxy governor appointed by the Nori al-Maliki days of takeover in 2012. He does not have the expertise to handle the complexities and corruption of the CBI. He is going to be replaced shortly. A new candidate has been already chosen. 7-12-2019 Intel Guru Delta MONDAY IS A HOLIDAY IN IRAQ SO CBI HAD 2 AUCTIONS BUT IT WAS STRANGE THAT FOR SUNDAY THE VOLUME WAS 0 AND THIS WAS THE FIRST TIME I SEE THIS PATTERN...BUT FOR MONDAY THE VOLUME IS REGULAR NUMBERS...BANKS SUBMIT THEIR REQUEST FOR AUCTIONS IN ADVANCED SO WHAT DID THEY KNOW...CBI WILL SEND MEMO 24 HURS IN ADVANCED TO BANKS BEFORE RATE CHANGE... 7-12-2019 Intel Guru DELTA Article quote: "The file of the "auction of hard currency" in Iraq to the forefront after the comments of deputies in parliament, demanding the Prime Minister and the Supreme Judicial Council and the public prosecution in the country, put an end to the massive corruption carried out through the auction of hard currency organized by the Central Bank of Iraq every day." MASSACRE OF THE DOLLAR IN IRAQ...OFFICIAL MOVEMENT AGAINST FRAUD AT THE CBI AUCTION. Have a great weekend everyone...RON

Thanks PP & blueskyline ... I hope you both have a great weekend. Ron

Sorry everyone, but these were Thursday's (7/11) Posts...not Wednesday's (7/10)...! RON