DinarThug Posted September 14, 2015 Report Share Posted September 14, 2015 CNN. Broadcasting The Chicken Little Report ! Warning of an imminent collapse of the Iraqi dinarWritings Sunday 13 September 2015, 16:39 amWrote Ahmed Altaama: Economists warned of the imminent collapse of the Iraqi dinar, amid security and economic chaos plaguing the country, and the state's inability to pay employees and retirees and accessories ongoing war salaries with the organization of the Islamic State "Daash"; which prompted thousands of young Iraqis to migrate to Europe, with millions of Iraqis struggling in Anbar and Mosul and Salahuddin hardship, after cutting state salaries. The economist said, Mazen al-Obeidi, said that "the past eight years of rule by former prime minister Nuri al-Maliki, has seen historically in vain for the money and the budget of the entire Iraq on fake projects and ministries introduced for quotas between the parties, and no need for the country. " He added: "The government has wasted more than 800 trillion Iraqi dinars, except for the hidden amounts of billions of dollars, no one knows yet where I went, and thus emptied the treasury of Iraq." And between al-Obeidi that "the likelihood of an imminent collapse of the Iraqi dinar against the dollar has become large, the state was forced to borrow from private banks to cover expenses, and the central bank announced its intention on the sale of gold bullion for citizens to support the financial liquidity, while the Iraqi parliament approved the 2015 budget on the price of $ 56 a barrel one, while oil is witnessing volatility and a clear decline, the regional changes and the war on "Daash", as it fell to $ 45 a barrel in front of the extraction cost of up to $ 6; and this means a deficit of $ 17 per barrel. "Observers attributed the cause of the collapse is likely dinar to ill successive governments management, and load the state budget huge amounts of money, and pay the salaries of tens of thousands of jobs and titles phantom in various security and military service organs of the State. The banker said Salem Al Ameri "There are several factors that will lead to the collapse of the Iraqi dinar, most notably the lack of oil imports to bridge the budget deficit, in With the war in half of the country with the organization "Daash", the continuous decline in oil prices globally which means a large deficit in the country's budget. "He said that" the security deterioration in the country's demand greatly increased the dollar-buying from the market; which means an increase in more demand of the show, and thus raise the price of the dollar gradually in front of the Iraqi dinar. "The severe criticism from parliamentarians of the Central Bank of Iraq last June, as the dollar rose against the Iraqi dinar reached 1360 dinars to the dollar. He accused the Congress in previous central bank statements flop in his policies, said a member of the Committee of Economy representative in a press statement earlier that "the central bank adds 8 per cent on the applications submitted by companies and traders to buy dollars, and requires them to sell dollars directly tax are met, a 5 per cent customs value of 3 per cent; bringing in Finally dollar against the Iraqi dinar. "The Iraqi Council of Representatives approved the 2015 budget on the basis of the price of a barrel of oil by $ 56 per barrel, and the rate of export 3 million barrels per day.Embarrassing the government of his financial expert, Jabbar al-Fadhli said embarrassing the government, do not want to declare their inability to pay expenses, ranging from employees and pensions, which stopped three months ago in the hot provinces, and the end of the expenditures required for the ongoing military operations; and that stops most of them for lack of funding. " . He explained Fadhli "There is a big waste of hard currency for purchases and expenses of armament, and sell directly to the dollar for companies and traders in front of the lack of oil imports and lower the price of oil globally; and this raises the budget deficit value, and here the state began borrowing from private banks; they need to borrow from the bank International bridge the budget deficit, and the payment of salaries of employees in the next few months. "He fears the citizens of the collapse of the Iraqi dinar against the US dollar; it means a humanitarian catastrophe, and the state can not pay the salaries and entitlements of citizens in the next few months. As Iraq is heading to the issuance of the first bonds the dollar since the US invasion, sources in the British financial district last month, said that the credit rating institutions perplexed in the evaluation of these bonds, in light of the unstable political conditions experienced by Iraq and control the organization of the Islamic State (Daash) a large part of its territory. According to the bulletin ( City AMD) which is published in London, Iraq plans to issue international bonds worth $ 6 billion. And will assume all of the bank "Citigroup" and "JP Morgan" Americans, in addition to German bonds management and marketing global bank "Deutsche Bank". According to the expectations of sources in the neighborhood of money to Bulletin "City AMD", the rating agencies will deal with these bonds on as "junk bonds", the center of political risk experienced by Iraq. and come together political and economic corruption and the theft of tens of billions of public money to raise the budget deficit, and makes the country unable to meet its obligations.http://www.kitabat.com/ar/print/59888.php 6 Link to comment Share on other sites More sharing options...
SnowGlobe7 Posted September 14, 2015 Report Share Posted September 14, 2015 Good news is...we have not collapsed yet!!! 5 Link to comment Share on other sites More sharing options...
drj Posted September 15, 2015 Report Share Posted September 15, 2015 When you start seeing stuff like this...we are CLOSE! 9 1 Link to comment Share on other sites More sharing options...
NextYear Posted September 15, 2015 Report Share Posted September 15, 2015 Trying to scare off the last of the die hard investors it would seem. 6 Link to comment Share on other sites More sharing options...
TrinityeXchange Posted September 15, 2015 Report Share Posted September 15, 2015 This economist is an idiot. Iraq still has reserves. Laughable! 6 Link to comment Share on other sites More sharing options...
siberian_shaddow Posted September 15, 2015 Report Share Posted September 15, 2015 Much appreciated Thugs, sounds like a scare tactic 2 Link to comment Share on other sites More sharing options...
MillieChatham Posted September 15, 2015 Report Share Posted September 15, 2015 What does Adam say? 1 Link to comment Share on other sites More sharing options...
Flamtap Posted September 15, 2015 Report Share Posted September 15, 2015 Rubbish! 1 Link to comment Share on other sites More sharing options...
10 YEARS LATER Posted September 15, 2015 Report Share Posted September 15, 2015 (edited) THE SKY IS FALLING . . . DOOM . . . WE ARE LOST . . . ABANDON SHIP[camels I think] THROW THE BABY OUT WITH THE BATH WATER [the Brits love saying that] ABANDON ALL HOPE . . . and a lot of other negative things . . . AAARRRGGGHHHH What y'all say . . . I agree . . . WE ARE CLOSE & STUFF Edited September 15, 2015 by 10 YEARS LATER Link to comment Share on other sites More sharing options...
DinarThug Posted September 15, 2015 Author Report Share Posted September 15, 2015 What does Adam say? What Does SandFly Say ... 3 1 Link to comment Share on other sites More sharing options...
Muleslayer Posted September 15, 2015 Report Share Posted September 15, 2015 (edited) Thanks! Well duh! What Does SandFly Say ... Edited September 15, 2015 by Muleslayer 1 Link to comment Share on other sites More sharing options...
divemaster5734 Posted September 15, 2015 Report Share Posted September 15, 2015 Thanks! Well duh! funny. hmmm, never saw "well duh" but then, haven't read all comments... 1 Link to comment Share on other sites More sharing options...
chinadawg Posted September 15, 2015 Report Share Posted September 15, 2015 If the dinar did not colaspse under M and damn sure won"t under A 7 Link to comment Share on other sites More sharing options...
429 Posted September 15, 2015 Report Share Posted September 15, 2015 THE SKY IS FALLING . . . DOOM . . . WE ARE LOST . . . ABANDON SHIP[camels I think] THROW THE BABY OUT WITH THE BATH WATER [the Brits love saying that] ABANDON ALL HOPE . . . and a lot of other negative things . . . AAARRRGGGHHHH What y'all say . . . I agree . . . WE ARE CLOSE & STUFF & STUFF! 1 Link to comment Share on other sites More sharing options...
Palmtree1970 Posted September 15, 2015 Report Share Posted September 15, 2015 Sounds feesible to me that country has been drained beyond belief by thieving dirty turd heads like Maliki ,alawi and every other person in government jobs ,I'm hoping for a happy ending 3 Link to comment Share on other sites More sharing options...
gymrat76541 Posted September 15, 2015 Report Share Posted September 15, 2015 When your dinar is only worth toilet paper - how worried do you think people will actually be? LOL 2 Link to comment Share on other sites More sharing options...
easy Posted September 15, 2015 Report Share Posted September 15, 2015 Nothing from nothing leaves nothing! Link to comment Share on other sites More sharing options...
magawatt Posted September 15, 2015 Report Share Posted September 15, 2015 And if this doesn't get this the Iraqis to dump their dinars, maybe the CBI could give away toasters. 1 1 Link to comment Share on other sites More sharing options...
Laid Back Posted September 15, 2015 Report Share Posted September 15, 2015 I'm going to buy more.! :) 4 Link to comment Share on other sites More sharing options...
Fred A Posted September 15, 2015 Report Share Posted September 15, 2015 As next year said "Could be smoke." Link to comment Share on other sites More sharing options...
Calijim1 Posted September 15, 2015 Report Share Posted September 15, 2015 (edited) Yes friends it's over, soooo over ....no need to hold on to your Dinar any longer. I have provided a receptacle for you to throw your Dinar in on your way out. I'll make sure that its properly disposed of... Oh and thanks for playing..... Edited September 15, 2015 by Calijim1 2 Link to comment Share on other sites More sharing options...
kostaske Posted September 15, 2015 Report Share Posted September 15, 2015 At this point let it collapse I say, it's better than waiting eternally for something to happen. If it gollapses at least it does something other than nothing at all. Link to comment Share on other sites More sharing options...
DinarThug Posted September 15, 2015 Author Report Share Posted September 15, 2015 I'm going to buy more.! :) From Sterling ? :D 1 Link to comment Share on other sites More sharing options...
SocalDinar Posted September 15, 2015 Report Share Posted September 15, 2015 From Sterling ? :D LOL GM Thug. Sales are still happening on E-bay Check out the SOLD page on E-bay for dinar. Not sure if this is more or less than in the past. http://www.ebay.com/sch/i.html?_from=R40&_sacat=0&_nkw=new%20iraqi%20dinar&LH_Complete=1&LH_Sold=1&rt=nc&_trksid=p2045573.m1684 1 1 Link to comment Share on other sites More sharing options...
calkid11 Posted September 15, 2015 Report Share Posted September 15, 2015 Thank you Clown, good post 1 Link to comment Share on other sites More sharing options...
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