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  1. 2-7-2019 Newshound/Intel Guru Mnt Goat EXCHANGE PROCESS... Remember how the banks operate. They need to make a profit. ...Q? 1: So what...are they going to do with billions and billions of Iraqi dinar in their foreign currency portfolios of reserve currencies? They will need to sell the currency to someone with a spread to make any money off it. ...Also, Q? 2: where are they going to get all the funding to make these exchanges? ...at this time the banks will already have a customer for the dinar. The US Treasury has already made arrangements with the major/main bank branches to buy all their dinar, if they chose to trade it. So the banks do have a customer and this is why they will be taking the dinar so easily. If it weren’t for this fact there is no way that billions of dinars could be traded and taken into the banks throughout the US by average walk-in citizens. (PART 1 OF 2) 2-7-2019 Newshound/Intel Guru Mnt Goat The answer to this first question is also the answer to the second in that it is the US Treasury that will come around the banks in armored cars, as they do on normal runs, as pick up these physical IQD notes as they come into the banks. Once re-verified by the treasury department, they will be credited back to the banks. The banks will get a set allowance of $$$, probably daily, of funds from the treasury to use for this purpose of collecting these dinars or rather to help facilitate the trade deals. It is normal for the Central bank of the US to allocate funds to the banks for these purposes. Arrangements have been completed for this purpose... ...the government must come out with some mechanism to address informing us investors of where to appropriately go to conduct our exchanges of this currency... (PART 2 OF 2) .......???
  2. 1-1-2019 Newshound Guru MilitiaMan ...I have the opinion that "The longer it takes the more money we make." With that said, my assessment ...on what Alak from the CBI has told us in regard to loans...both the bad and good. He pointed out in the interview that the bad loans were worth $5,000,000,00. (?? $5 Million ??) So...if you take what Alak says, then drop the zeros and do the math. It comes out in the range well over the AAD. Which by the way, to determine the AAD we used the loans they publish, to ascertain the $4.25. Just as we used the IMF / SDR 3x.. Depending on which rate one uses the daily or monthly rate per the IMF SDR, one may find $4.20 + - up to $5.85... imo... (post 1 of 2).... 1-1-2019 Newshound Guru MilitiaMan So, I don't know if they can't come out higher than the AAD or SDR - for a fact, I do trust [Guru] Walkingstick, however, I do believe Alak is the one that has the purse strings at that CBI...So, we watch and wait. It very well may be an AAD rate and then climb later on.. Then again, Iraq has told us they doubled their oil reserves and are finally going to impose taxes and tariffs, claw back assets, liquid natural gas sales, minerals, etc.., therefore all would appear to support higher values now than in the past. imo... (post 2 of 2)... More speculation that stirs up rumors that never go anywhere...!
  3. 12-9-2018 Newshound Guru MilitiaMan Article: "The 2018 Annual Conference of the Central Bank of Iraq .... The harvest of achievements and the start of the development process for the year 2019" Quotes: "The conference comes at this time, The ministerial cab of the new government and the start of the process of economic reform and economic stability..."; "...the Central Bank re-evaluated and classified banks in accordance with international standards...as well as establishing the deposit guarantee company in order to raise the savings rate at banks and reduce the percentage of housekeeping in the economy and thus activate the economy through activating investment..." A dandy of an article.. ...And it looks as though they'll legitimize the Cab, as in pronto per Sadr! - imo I wonder if they mean where they say delivering their achievements means they have delivered their new currency too...??? Inter-bank style between Central Banks..?? Still Waitin' & Hopin' ... RON
  4. Dealing with Kurdistan’s Economic Woes - By Ahmed Oathman Domestic politics, strained relations with the Iraqi government, war against the Islamic State (ISIS), a growing budget deficit and low oil prices seem to have stalled Kurdistan Region’s economy and growth. Most notably, the current decline in global oil prices and tensions with Baghdad over Kurdistan’s share of the federal budget have had a dramatic impact on the Kurdistan Regional Government (KRG), which relies heavily on oil revenues. The recent turmoil in the Middle East suggests that low oil prices are here to stay. The nuclear agreement with Western powers marks Iran’s active re-entry into the energy market. If the US Congress approves the deal, Iran is going to increase its oil production, causing a fierce competition with oil-rich Arab states for market share and further depressing oil prices. The Kurdistan Region has to then recognize that oil resources alone cannot guarantee economic growth and its current budget can no longer provide for the salaries and expenditures of the ever growing public sector. It must recognize that its oil-centric approach only succeeds if it is accompanied by robust and concrete steps to diversify its economy. Economic diversification is a complex and demanding task, especially in a rentier state like Iraq. It requires reforms in policies, business structures and education system. Leaders must be prepared to make difficult decisions that might face some resistance. The first step the government has to take is downsizing its public sector, by shifting a large number of public employees and job seekers to the private sector. This will be challenging since the majority of the working population prefer public employment where working hours are shorter, job security is in place and retirement benefits are steady. Building a modern and diversified economy requires an active participation of the private sector. The government alone cannot make the transition; a strong contribution from business leaders is a must. Moreover, the public needs to support the initiative from the beginning, because it’s the only way to build and sustain a thriving economy for the next generation. The government has to take a leading role in guiding the public towards accepting and supporting private sector expansion. However, leaders of public and private sectors have to establish a partnership to draft a strategy to help create a positive attitude towards private sector employment. To that end, they must announce and implement incentives, such as increasing wages for private sector employees and improving employment benefits and working conditions. Providing incentives for businesses that hire recent college graduates is also important, such as offering tax breaks to companies that employ a certain number of college graduates. The current fiscal and economic crisis facing Kurdistan Region should be a wake-up call. Kurdistan’s dependency on oil as the principal revenue earner is a risk that causes the slow death of the region’s livelihood, especially at a time when its fiscal deficits start to increase and further decrease with oil prices. To prevent further economic downturn, Kurdish political and business leaders need to cooperate on introducing and implementing major economic reforms, such as building a diversified economy, downsizing public employment and encouraging private sector growth along with fighting corruption and cronyism. http://rudaw.net/english/opinion/03092015
  5. This is said every time that a position which is opposing to what is seen as being "normal" is offered as an alternative. The automobile was seen as being abhorrent to the "technological wonder"...the horse and buggy! something of thus type takes a new way of thinking and for those who are looking for the "get rich, quick" scheme, this is not the way to have gone. I do have some land on the beach in "Death Valley, Ca." which I can offer up for sale, at a good price. I have had my issues with this RV, and they were never attached to my expectations of riches beyond my imagination, not being fulfilled. I have found that more than a few people have tainted the waters with their pre-assumptions of what a "good" investment is about. I was taught that it involves speculation and risk, with the hope for reward; but I never heard anything about a guarantee. Here is the scam: buying in, and expecting that the next day, you can tell your boss to "Go jump in the lake!" or any other of a number of desirous incarnations of your "newly wealthy" self. This is real, the speculations and the rumors may get outrageous at times, but we have arrived In a vehicle which should take all of us, into a new place of residence: satisfied investors Lane. Well...that's one take on this.
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