A source: the region gave the central bank a huge amount

[Half Crazy Runner]

57 minutes ago, jmartin1145 said:

How many people here would cash in at 5 cents?

 

Not me. I'm waiting for a bit higher.. 😁

[DropItLikeItsHot]

49 minutes ago, jmartin1145 said:

How many people here would cash in at 5 cents?

Not 5 cents, 20 cents would be awesome, I could however be persuaded at 10 cents

[ChuckFinley]

At .05 minus the spread you are looking at less. I would ride it out to a dime after the spread. 

[justchecking123]

3 hours ago, skeetdog said:

"This article is vague at best..."

This is what I was thinking.

Edited August 29, 2017 by justchecking123

[pokerplayer]

That dust cloud you would see ? That's me heading to the bank if it opens at .05  I just want off this ride !!!! 

 

  pp

[davis411]

.05

but okie said 35.00

i will hold out

[boomhand86]

18 minutes ago, ChuckFinley said:

At .05 minus the spread you are looking at less. I would ride it out to a dime after the spread. 

Chuck,  I agree 

[ixic]

I'd exchange @ .05, only if we were forced to, i.e.: notes being retired.

.10 is my rate to exchange some, .20 I'm all out.

[ChuckFinley]

1 minute ago, ixic said:

I'd exchange @ .05, only if we were forced to, i.e.: notes being retired.

.10 is my rate to exchange some, .20 I'm all out.

That works for me too.  

[NoviceInvestor]

49 minutes ago, DropItLikeItsHot said:

Not 5 cents, 20 cents would be awesome, I could however be persuaded at 10 cents

At .10 cents i could be persuaded to a partial cash in...

[davis411]

1.00 1.00

everyone chant 

or 50 cents or 40

[nannab]

Just now, davis411 said:

1.00 1.00

everyone chant 

or 50 cents or 40

 

 lol Sounds good to me if we chant all together say about 10:00 pm. Davis for president  

[pokerplayer]

2 hours ago, Floridian said:

Navira,

 

You posted this on the 27th.  " By tuesday u will have been happy, if not happiest,. Later for now."

 

What happened? I'm not all that happy today.

 

Thats a good question, If Navira comes back she might be able to elaborate some.

 

   pp

[Laid Back]

3 hours ago, 1lucdog said:

Is this what  4Twenty said ...Is it new and Current?:

 

In detail .. These are the new customs controls
6 hours ago Economy 149 visits

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The General Authority of Customs announced on Tuesday new instructions and controls for the declaration of funds when they are introduced and exported across the Iraqi border and issued by the Central Bank of Iraq / Anti-Money Laundering and Terrorism Financing Council.

"According to the provisions of Paragraph (4) of Article (7) and the provisions of Articles (34) and (35) of the Anti-Money Laundering and Terrorism Financing Law No. (39) for the year 2015, we issued the following regulations:

The rules governing the declaration of funds when entering and removing them across the Iraqi border, based on the provisions of the paragraph and the two articles relating to the obligation of each person upon entry into or departure from Iraq, upon the request of the representative of the General Authority of Customs on the carrying of funds, currencies or negotiable instruments to be held or transferred to Iraq Or by means of a person, postal service, shipping service or by any other means. The permit shall include the value of such currencies or instruments. Based on the approval of the AML / CFT Council at its meeting in July 2017, it was decided that:

1. Every traveler who enters or exits Iraqi territory must declare the following:

(A) The money of more than ten thousand dollars or the equivalent in other foreign currencies.

Precious stones and precious metals if their value exceeds (10,000) ten thousand US dollars.

(C) negotiable financial instruments of a holder or transferred within or outside Iraq through a person, postal service, shipping service or any other means in excess of US $ 10,000.

2. The passengers shall declare with the employees of the General Authority for Customs at the airport or the border crossing points in the Republic of Iraq according to the form attached to these regulations. The limits mentioned in item (1) shall apply to persons who are 18 years or older, For (18) years, the money in their possession must be added to the limit allowed to the guardian.

3. The entry and exit of the Iraqi currency shall be restricted to and from Iraq only by the authorized limits of (200000) two hundred thousand Iraqi Dinars. In case of transfer of an amount higher than the said limit through a person or postal service or shipping service or by any other means, Above the limit and fill out the authorization form and send it to the AML / CFT Office.

4. Each customs department at airports and border crossings shall take the following measures:

(A) The development of sufficient guidance boards and languages (Arabic, Kurdish and English) in high and visible places, showing the provisions of these regulations.

(B) To require the passengers to fill out the above-mentioned permit form if they have cash or negotiable financial instruments for their holder, the amounts of which exceed ten thousand (10,000) US dollars or the equivalent in other foreign currencies and if they have more than (200000) ) Two hundred thousand Iraqi dinars and if they are in possession of precious stones and precious metals worth more than (10000)

C- Provide appropriate numbers of permit forms at all border crossings to provide incoming and outgoing travelers for the purpose of declaring the cash and financial instruments, precious stones and precious metals in their possession.

(E) The maintenance of regular records in which all cases of authorization made by the Customs Department and cases in which the passenger has not made the required authorization in accordance with the provisions of the Money Laundering and Terrorism Financing Law and these regulations shall be kept and kept for five years or more depending on the nature of the cases.

(F) Request additional information from travelers about the source of the funds and the purpose of their transfer in the event of a false declaration or in the absence of authorization, with no convincing reason for not declaring or in case of suspicion.

(G) Providing the AML / CFT Office with authorization forms and any information it requests.

5 - In addition to what is stated in item (3) above, the staff of the General Authority for Customs at the border crossings to seize cash and negotiable financial instruments and precious stones and precious metals for any of the following cases:

(A) Failure to permit the traveler and discovery of funds exceeding the limit specified in item (1) above or giving false information thereon. Employees of the General Authority of Customs should investigate the reasons for not requesting the form and the reservation in case there are no actual convincing reasons. Convincing the absence of suspicion is filled out form and release the amount.

(B) There is sufficient evidence to suspect that the money described in item (1) above is derived from an original crime, money laundering offense or a terrorist financing offense or is intended for that purpose.

6. The Anti-Money Laundering and Terrorism Financing Office shall issue a recommendation to lift the seizure of the reservations provided for in item (5) of these regulations in the case of reinforcements confirming the validity of the checks or referring them to the items within seven (7) days from the date of notification of the decision. For customs purposes.

7 - Cash and negotiable financial instruments, precious stones and precious metals issued and delivered by mail, shipping service or other means shall be stated in accordance with item (1) and (2) above.
 

This is all to prevent money laundering and Terrorism financing.

 

They are following the IMF guidelines.

- Tackle corruption

- Stop money laundering 

- Stop financing terrorism

jmho

 

Go CBI

Go IMF

Go RV

 

 

 

[pokerplayer]

Thxs SB, good break down. Makes sense if your synopsis is correct.

 

  pp

[3n1]

since you guys are so nice and thoughtful and so much camaraderie amongst dinarians anything over a nickel or dime just send my way ... thanks in advance .... Peace

[navira45]

With 200000 dinars as the limit, the rate is pretty much at .05 cents. When i travel to the Philippines i cant bring more than 10000 dollars, and if i do, i have to fill out a form. Now coming from the Philippines, i cannot bring more than the equivalent of that amount (10000dollars) which is equivalent to no more than 500000 thousand pesos. Rate for 1 dollar to philippines pesos is 51plus pesos. This is controlling the money in n out of the country. Totally agree with LB. As for the rate, it is what it is...0.05 cents...but that is not to say that it will stay that way. If it is allow to float, the rate should increase...and it is not going to take long for it to go up. I know some people are not happy with that rate and some are. As for the post i made bout by tuesday being happy, if not happiest, that was actually directed to someone. If 0.05 cents is not gonna be make u happy, you can wait it out till it gets to where u are comfortable enough for u to cash in. Let us just wait and see for more news. Pray some more. Later.

[Floridian]

Navira,

 

What about this post on 8/17/17:

 

..... went to the park with my father and to walk our dog...also did a prayer there. As we were on our way to buy siopao, a voice (Lord) said to me that a man will approach to me and ask for a change. I got to the store and bought some siopaos for me n my father. When i exited out, a man approached to me and ask for some change. I gave him a dollar...i was left with 62 cents from the change i got from buying siopaos. Now, get this, i dont know if u had seen my post bout dinar being 1.69usd/dinar. This is saying to me that a dinar will have that rate of 1.62/.69. The bank will offer 69 cents..and they(banks)get to keep the dollar. Later
 

[pokerplayer]

28 minutes ago, Floridian said:

Navira,

 

What about this post on 8/17/17:

 

..... went to the park with my father and to walk our dog...also did a prayer there. As we were on our way to buy siopao, a voice (Lord) said to me that a man will approach to me and ask for a change. I got to the store and bought some siopaos for me n my father. When i exited out, a man approached to me and ask for some change. I gave him a dollar...i was left with 62 cents from the change i got from buying siopaos. Now, get this, i dont know if u had seen my post bout dinar being 1.69usd/dinar. This is saying to me that a dinar will have that rate of 1.62/.69. The bank will offer 69 cents..and they(banks)get to keep the dollar. Later
 

 

 

I am having questionable thoughts here about all of this, but then that's just me.

 

   pp

[cranman]

34 minutes ago, navira45 said:

With 200000 dinars as the limit, the rate is pretty much at .05 cents. When i travel to the Philippines i cant bring more than 10000 dollars, and if i do, i have to fill out a form. Now coming from the Philippines, i cannot bring more than the equivalent of that amount (10000dollars) which is equivalent to no more than 500000 thousand pesos. Rate for 1 dollar to philippines pesos is 51plus pesos. This is controlling the money in n out of the country. Totally agree with LB. As for the rate, it is what it is...0.05 cents...but that is not to say that it will stay that way. If it is allow to float, the rate should increase...and it is not going to take long for it to go up. I know some people are not happy with that rate and some are. As for the post i made bout by tuesday being happy, if not happiest, that was actually directed to someone. If 0.05 cents is not gonna be make u happy, you can wait it out till it gets to where u are comfortable enough for u to cash in. Let us just wait and see for more news. Pray some more. Later.

05. cents would be a great start.  We haven't seen anything in 14 years!  It would most likely go up from there quickly as there would be more purchasing of the currency due to speculation of it further increasing in value.  Just my .05 cents.

[Floridian]

2 minutes ago, pokerplayer said:

 

 

I am having questionable thoughts here about all of this, but then that's just me.

 

   pp

 

I am having questionable thoughts about this too.

[pokerplayer]

1 minute ago, Floridian said:

 

I am having questionable thoughts about this too.

 

 

I guess we will see soon enough Floridian never good to shoot the messenger with out something to back it up.

 

pp

[Floridian]

1 minute ago, pokerplayer said:

 

 

I guess we will see soon enough Floridian never good to shoot the messenger with out something to back it up.

 

pp

 

Right!

[Confidentlywaiting]

29 minutes ago, Floridian said:

 

I am having questionable thoughts about this too.

As everyone should....🙄

[fancy]

4 hours ago, Floridian said:

Navira,

 

You posted this on the 27th.  " By tuesday u will have been happy, if not happiest,. Later for now."

 

What happened? I'm not all that happy today.

I think he spoke from his heart, I'm not not happy. I'm grateful he added something to the discussion.