ronscarpa

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

7-11-2019 Newshound Guru MilitiaMan Article: "The central bank goes beyond the technical gap and the challenges of digital transformation" ...this one has my eye and big time. They are literally telling you they are ready to hit the pavement running. What timing. They are talking in International Standards and are at platform ready status in a fourth Axis... That has me scratching my head, but the implications are realm of going live with the currency, stocks, etc.. imo. ~ WOW~

7-11-2019 Newshound Guru chattels Article: "Oil and gas laws: a crux of Erbil-Baghdad tension By Omar Moradi" Quote: "The lack of oil and gas federal legislation has been the root cause of problems between Erbil and Baghdad since the Iraqi constitution was approved in 2005. Now there is a government in Baghdad that has shown its desire to resolve these problems through dialogue, and the success of the new Kurdistan Regional Government (KRG) cabinet depends on whether the oil and gas issue is resolved with Baghdad" IMO, the federal legislation contemplated by the foregoing article is "THE HCL". If the HCL law is a condition precedent or attendant to our liquidity event, then we are not there yet. 7-11-2019 Newshound Guru Adam Montana Article: "Oil and gas laws: a crux of Erbil-Baghdad tension" Back in the forefront of ReValuation (RV) news...HCL. We've made it through Ramadan, budgeting, elections, and a whole slew of other issues. All of them, although lengthy at times, have sailed successfully through the turbulent waters and left us with a final component: HCL. It's actually on the horizon. It's being talked about, and I'm predicting we'll see more of this very shortly. Adding fuel to the HCL fire: "Iraqi oil minister: OPEC agreement + will reduce stocks and achieve price stability" WTI just crossed $60 again, and those of us watching the OIL tickers recently are well aware of how stable OIL is right now. Those of us pairing that information with the current and ongoing situation in Iraq understand how important OIL is to Iraq's ability to RV. And in case anyone needed some reassurance...it's going as perfect as we could hope for...(post 1 of 2)... 7-11-2019 Newshound Guru Adam Montana There will never be an absolute perfect set of circumstances under which Iraq "can" or "should" or "must" change the value of their currency. I see a fair amount of comments from people stating something like "Oh, Iraq will never RV unless X happens, or until Y is implemented", etc etc... that is simply not true. There is NO absolute "must" for Iraq. They can change the rate today. Or yesterday, or tomorrow. They can do it without any further progress, without any permission from anyone or anything, and all the speculation in the world won't give us an exact date or a precise set of circumstances. The situation we find ourselves in today, at this very moment, is "good enough". Personally, I'm on standby for an incredible event. A solid resolution on the oil and gas law (HCL) will mean "no turning back", but just the same - it's not a necessity. Pretty darn exciting, if you ask me...(post 2 of 2)... NOTE: Adam's entire chat can be found in Chat Logs here on DV under Thread: Adam Montana Weekly 11 July 2019 7-11-2019 Newshound/Intel Guru Mnt Goat Article: "WHY IS THE CURRENCY AUCTION IS OUTSIDE THE CONTROL OF THE CENTRAL BANK?" ...another article talking about the corruption with the currency auctions. This is all very good. We are going to see these auctions end and the “project to delete the zeros”. This is coming and coming sooner than later. The pressure by Sadr is enormous on parliament and the finance committee to work with the CBI.

(IQD Rates - Updated: 7/11/2019 ) Official Central Bank of Iraq (CBI) Dinar Rate: 1190 IQD to 1 USD Dinar Market Rate: (CBI last reported 7-11-2019) 1194.056 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 - 7/11/2019 ************** Exchange Rates US dollar USD 1190.000 Euro EUR 1335.180 Pound sterling GBP 1483.930 Canadian dollar CAD 909.786 Swiss franc S.FR 1199.899 Swedish krona SEK 125.675 Norwegian krone NOK 137.747 Danish krone DKK 178.891 Japanese yen JPY 10.927 Chinese Yuan CNY 172.852 Australian dollar AUD 823.956 Special drawing rights SDR 1642.628 Gold for 24-ounce Gold 1664610.600

Thursday - July 11, 2019 CBI - Foreign Currency Selling Window for Sunday, 15/7/2019 that was performed on Thursday, 11/7/2019 Announcement No.(3997) Sale Date - 15/7/2019 performed on Thursday-11/7/2019 Details Amount Total sale for the purpose of strengthen outside assets (Transfers and credits) 178,040,812 Total sale cash 35,530,000 Total sale amount 213,570,812 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 Monday 2019/7/15 and implemented on Thursday 2019/7/11

7-10-2019 Intel/Newshound Guru Mnt Goat ...Dr. Ali Mohsen Al-Alaq, the governor of the Central Bank of Iraq today...does not have the experience needed to run such a system as the Central Bank of Iraq. The system is very political even though it is supposed to be independent. ...So Alaq’s head is on the chopping block too and his days are numbered...The committee has selected the new CBI director/governor candidate already. He must first get ratified by parliament to get into the “permanent” position. Dr Shabibi and the World Bank is back in Iraq and working closely with this situation so we know they are VERY. VERY serious about moving ahead on the project to delete the zeros... 7-10-2019 Newshound/Intel Guru Mnt Goat Article: "IRAQ HAS PAID 48.3 BILLION DOLLARS COMPENSATION TO KUWAIT SO FAR" ...so the big question on everyone’s minds is will this effect the RV? Do we have to wait until 2021 for these sanctions to be off Iraq when all this money is paid to Kuwait? The answer is NO if the deal with Kuwait to give them gas in exchange for the remaining balance of $4.1 ($52.4 minus $48.3). We have been told this is the case...(post 1 of 2)... 7-10-2019 Newshound/Intel Guru Mnt Goat The other hitch is will the IMF allow this as acceptable and relieve then of the sanctions now or make them wait until the gas is delivered and pays out the $4.1 billion remaining? So far we have not heard from the IMF on this point. So we wait and listen. But YES this could be part of the IMF not wanting to sign off on the RV. Remember too the UN was just in Iraq in a BIG meeting. What were they discussing? Of course they discussed relieving the sanctions, the last part of Chapter VII. What we know as FACT is that Iraq can not Reinstate the currency as long as they are still in Chapter VII...(post 2 of 2)...

( IQD Rates - Updated: 7/10/2019 ) Official Central Bank of Iraq (CBI) Dinar Rate: 1190 IQD to 1 USD Dinar Market Rate: (CBI last reported 7-9-2019) 1193.353 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 - 7/10/2019 *********** Exchange Rates US dollar USD 1190.000 Euro EUR 1333.395 Pound sterling GBP 1483.335 Canadian dollar CAD 906.667 Swiss franc S.FR 1196.521 Swedish krona SEK 125.772 Norwegian krone NOK 137.488 Danish krone DKK 178.657 Japanese yen JPY 10.931 Chinese Yuan CNY 172.940 Australian dollar AUD 828.002 Special drawing rights SDR 1641.950 Gold for 24-ounce Gold 1644812.100

Wednesday - July 10, 2019 CBI - Foreign Currency Selling Window for Thursday, 11/7/2019 that was performed on Wednesday, 10/7/2019 Announcement No.(3995) Sale Date - 11/7/2019 performed on Wednesday-10/7/2019 Details Amount Total sale for the purpose of strengthen outside assets (Transfers and credits) 178,591,091 Total sale cash 19,990,000 Total sale amount 198,581,091 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 Thursday 2019/7/11 and implemented on Wednesday 2019/7/10

7-9-2019 Intel/Newshound Guru sandyf ...I read an article today that stated the visit from the UN told Iraq if they didn't follow the sanctions against Iran, they would be put BACK INTO chapter 7 plus sanctions...so they are NOT in chapter 7. Sanctions/Restrictions against any country, entity or individual can come about under different Chapters of the UN Charter. Chapter 7 provides the authority to deal with violations by force, whereas Chapter 6 requires resolution by peaceful means. If I remember right under Chapter 8 matters are resolved by local agencies. ...matters can start off under one chapter and then be transferred to another as happened with the Kuwait missing persons.

7-9-2019 Newshound/Intel Guru Mnt Goat ...why would parliament form a separate finance committee...just to look into the matter of corruption in the CBI and currency auctions and as to why the Financial Management law is not being administered and implemented. It has been passed for weeks now. Why would they do this if the RV was already scheduled to go? Another reason why no RV was going to happen - The Department of Economic Studies... held a scientific symposium entitled "Change in the value of the Iraqi currency, benefits and costs"...held on 7/4/2019... Why would they do this if the RV was already scheduled to go? 7-9-2019 Newshound Guru Mnt Goat Many of you still ask me about 800#...You ask if all of this is really going to happen. I have said it before and I am saying it again. There are already 800# published. The banks already have currency exchange centers within the banks and you can call their numbers anytime you want. There are "no other special numbers" planned. Get it? How many times must I talk about this? But why would you call anyhow now not since the rate is still too low.

( IQD Rates - Updated: 7/9/2019 ) Official Central Bank of Iraq (CBI) Dinar Rate: 1190 IQD to 1 USD Dinar Market Rate: (CBI last reported 7-8-2019) 1193.257 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 - 7/09/2019 *********** Exchange Rates US dollar USD 1190.000 Euro EUR 1334.585 Pound sterling GBP 1490.237 Canadian dollar CAD 908.952 Swiss franc S.FR 1199.718 Swedish krona SEK 126.164 Norwegian krone NOK 137.813 Danish krone DKK 178.824 Japanese yen JPY 10.966 Chinese Yuan CNY 172.852 Australian dollar AUD 831.810 Special drawing rights SDR 1643.604 Gold for 24-ounce Gold 1654918.200

Tuesday - July 09, 2019 CBI - Foreign Currency Selling Window for Wednesday, 10/7/2019 that was performed on Tuesday, 9/7/2019 Announcement No.(3994) Sale Date - 10/7/2019 performed on Tuesday-9/7/2019 Details Amount Total sale for the purpose of strengthen outside assets (Transfers and credits) 179,284,950 Total sale cash 27,030,000 Total sale amount 206,314,950 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 2019/7/10 and implemented on Tuesday 2019/7/9