rockfl9 Posted January 24, 2015 Author Report Share Posted January 24, 2015 DL :: UR right I was thinking dinar. 1 Link to comment Share on other sites More sharing options...
dontlop Posted January 24, 2015 Report Share Posted January 24, 2015 I understand I've done it many times said dinar when I meant dollars and vise versa Link to comment Share on other sites More sharing options...
rockfl9 Posted January 24, 2015 Author Report Share Posted January 24, 2015 The budget committee and the special team set up by Abadi to manage the deficit have to use the published rate . So I would not expect the budget to be based on anything other than the 1166 rate. There are too many involved. It will be 1166.... After the budget is released , if the CBI smells inflation , deflation or any other type of imbalance, it may tweak the rate . Figure that would take 3-6 months to develop. 1 Link to comment Share on other sites More sharing options...
dontlop Posted January 24, 2015 Report Share Posted January 24, 2015 If ya look at Zimbabwe did a couple years ago they released the new rate with the annual budget but that was a rd not a rv The mof said a couple years ago they couldn't delete the three zeros because the budget was using current dinar The budget may be an opportune time to remove three zeros I'm not sure this will be the year since all the financial problems they are having simutainously with the isis invasion Link to comment Share on other sites More sharing options...
rockfl9 Posted January 24, 2015 Author Report Share Posted January 24, 2015 DL :: It is possible that is is an ideal time to rd , but thats a CBI decision . But they have too much going on to add the extra confusion. Maybe same time next year. The citizens will have a hard enough time adjusting to the lower income. 1 Link to comment Share on other sites More sharing options...
Markinsa Posted January 25, 2015 Report Share Posted January 25, 2015 Just for additional information, according to the CBI 2013 Financial Statements (Page 22), the Monetary Base (MB) (Currency Issued, i.e. Hard Currency) is: 40,630,036,000,000 Dinar or 40.6 Trillion Dinar. - 1 Link to comment Share on other sites More sharing options...
dontlop Posted January 25, 2015 Report Share Posted January 25, 2015 That's good info markinsa That's why they ignore that 80 trillion figure They have only issued 40 trillion dinar the rest is listed in dinar but are not dinar they are deposits of the banks in iraq which could be hard currency deposits So I withdraw my 80 trillion liability of iraqi dinar and am back to 40 trillion That's a big differance Half off Thanks For keeping my head on straight Link to comment Share on other sites More sharing options...
Markinsa Posted January 25, 2015 Report Share Posted January 25, 2015 That's good info markinsa That's why they ignore that 80 trillion figure They have only issued 40 trillion dinar the rest is listed in dinar but are not dinar they are deposits of the banks in iraq which could be hard currency deposits So I withdraw my 80 trillion liability of iraqi dinar and am back to 40 trillion That's a big differance Half off Thanks For keeping my head on straight Check this out: http://www.cbi.iq/documents/Annual_2013.pdf Start at page 17. - 1 Link to comment Share on other sites More sharing options...
dontlop Posted January 25, 2015 Report Share Posted January 25, 2015 Thanks That's going to keep me busy for awhile I can't believe that's the first time I saw that Link to comment Share on other sites More sharing options...
rockfl9 Posted January 25, 2015 Author Report Share Posted January 25, 2015 It shows M3 at 88T. That was the end of 2013. Up 4+t for the year. Assume the same pace for 14 should be 82+ T today. Thats not even all the liabilities of the CBI in dinars. Now they do lump in foreign currency and we dont know accurately how much that is but I doubt it is as high as 25% as Rich Iraqis would likely stash their reserves out of country. Assuming that as the best case the CBI could think it could cover the dinar at 1000:1. Dont know if the IMF/BIS would agree. 1 Link to comment Share on other sites More sharing options...
rockfl9 Posted January 27, 2015 Author Report Share Posted January 27, 2015 Cuts back to 119T dinar I dont think they will get the report and approve it in the same day. A lot of blocs/provinces will not get what they expected. I read that the budget committee had more than a hundred interviews during their deliberations. I think at least another week. But the natives are getting restless. 1 Link to comment Share on other sites More sharing options...
dontlop Posted January 27, 2015 Report Share Posted January 27, 2015 It's simple they are unleashing the private sector Link to comment Share on other sites More sharing options...
dontlop Posted January 27, 2015 Report Share Posted January 27, 2015 Putting things in the citizens hands including debt to build the private sector The banks will loan money to the individuals in their name and new dinar will be created with the citizens word ( credit) as an asset of the bank or the ability to pay the loans back The private sector is now going to be held responsible for the new money created and each individual will be given a credit rating and the better the credit rating the better the rates they get on their loans If they lose their credit they got to earn it back by paying higher interest rates They seem to be copying the western system or at least experimenting with it Debt is being absorbed by the central bank Link to comment Share on other sites More sharing options...
rockfl9 Posted January 27, 2015 Author Report Share Posted January 27, 2015 For 10+ years they have been looking for White Knights to come in and establish the public sector. Other than oil , no takers. Now I guess they realize It has to be a home grown effort. But I dont see the skill base! It has to be things that are exportable and labor intensive. Construction and service industries wont do it. 1 Link to comment Share on other sites More sharing options...
dontlop Posted January 27, 2015 Report Share Posted January 27, 2015 They will necessarily have to learn It's there turn Link to comment Share on other sites More sharing options...
dontlop Posted January 28, 2015 Report Share Posted January 28, 2015 I guess I've succumb to fretfulness Link to comment Share on other sites More sharing options...
dontlop Posted January 28, 2015 Report Share Posted January 28, 2015 I'm thinking of manufacturing a machine kinda like a cross between a dishwasher and a car wash for hogs I'll call it " hog wash " I think I can make it affordable to farmers I'll feed the hogs at one end and if they want to eat they will be required to go thru the hog wash on the way to the food I feel these hogs aren't learning personal hygiene on their own so I'll help them We all know they have a reputation of being dirty sloppy animals and I'm going to lobby for protection of these hogs Right now they get hog slop and soon they will be wearing lipstick and perfumes And high heels And wigs 1 Link to comment Share on other sites More sharing options...
rockfl9 Posted January 29, 2015 Author Report Share Posted January 29, 2015 Very unusual . they voted one piece at a time . then threw it all together and announced PASSED.. Democratic. NOW . lets see hoe they GET R DUN ? 1 Link to comment Share on other sites More sharing options...
rockfl9 Posted January 29, 2015 Author Report Share Posted January 29, 2015 They passed the budget . now what is the next excuse erh ah hurdle? Could it be the money is not there? Of course it could be they dont have enough DeLarue machines .. 1 Link to comment Share on other sites More sharing options...
dontlop Posted January 29, 2015 Report Share Posted January 29, 2015 First we got to see if obama extends 13033 it's very important Ah ha ha ha We need to know if obama is going to protect iraq from saddams debts Their are some arabic country's that haven't forgiven those debt in the Paris agreement So will iraqi funds abroad continue to be protected Remember 13033 is why we get to buy dinar ah ha ha May 22 each year 13033 expires Start the countdown to the rv I can't think of any other dates before that Or will abadi have those debts paid off before then I read they stopped payment to kuwait temporarily Link to comment Share on other sites More sharing options...
dinarbeleiver Posted January 29, 2015 Report Share Posted January 29, 2015 It was not difficult for Iraq to pass the budget - rock we now need a new topic. Also is any of your LOPSTER buddies coming back onto here under new names. If they are make sure they give a good sob story like their dog made them buy dinar GO RV!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! Link to comment Share on other sites More sharing options...
dontlop Posted January 30, 2015 Report Share Posted January 30, 2015 My three legged dog loves doughnuts by the dozen He don't even chew them just inhaled them If I put a dinar on the ground next to a doughnut he takes the doughnut every time Link to comment Share on other sites More sharing options...
dinarbeleiver Posted January 30, 2015 Report Share Posted January 30, 2015 My three legged dog loves doughnuts by the dozenHe don't even chew them just inhaled themIf I put a dinar on the ground next to a doughnut he takes the doughnut every time My three legged dog loves doughnuts by the dozenHe don't even chew them just inhaled themIf I put a dinar on the ground next to a doughnut he takes the doughnut every time awesome dontlop- what sort of dog do you own? Link to comment Share on other sites More sharing options...
dontlop Posted January 30, 2015 Report Share Posted January 30, 2015 Ya know I was trying to figure it out and I just realized It isn't a dog its a cow No wonder it's getting so big It relieved itself the other day and flooded the place I thought something was wrong with it , no wonder Link to comment Share on other sites More sharing options...
dinarbeleiver Posted January 30, 2015 Report Share Posted January 30, 2015 Ya knowI was trying to figure it out and I just realizedIt isn't a dog its a cowNo wonder it's getting so bigIt relieved itself the other day and flooded the placeI thought something was wrong with it , no wonder are you sure it's a cow ?There are very big breeds of dogs about LMAO Link to comment Share on other sites More sharing options...
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