yota691 Posted November 5, 2017 Report Share Posted November 5, 2017 Central Bank: The currency outside the banks amounted to more than 40 trillion dinars Logo of the Central Bank of Iraq Economy News Baghdad: The Central Bank of Iraq, the currency outside the banks amounted to more than 40 trillion dinars. The central bank in a report seen by "economy News", "The currency outside the banks amounted to 40.18 trillion dinars last March," noting that "the currency outside the banks amounted to 37.5 trillion dinars in March last year." He pointed out that "the capital of commercial banks during the first quarter of this year registered a rise of 25.3% compared to last year to reach 12.9 trillion dinars," noting that "private banks constitute the largest proportion of capital banks to reach 9.7 trillion dinars and government banks with capital 3.3 trillion dinars. " Views 30 Date Added 11/05/2017 5 Quote Link to comment Share on other sites More sharing options...
captl1 Posted November 5, 2017 Report Share Posted November 5, 2017 Thanks Yota and good morning. Interesting. 1 Quote Link to comment Share on other sites More sharing options...
jeepguy Posted November 5, 2017 Report Share Posted November 5, 2017 1 hour ago, yota691 said: noting that "private banks constitute the largest proportion of capital banks to reach 9.7 trillion dinars and government banks with capital 3.3 trillion dinars i would imagine out of the 12.9 trillion , governmental and central banking firms , hold 11 trillion , a lot of government hands are pouring cash into Iraq , and I would guess they get dinar for travel inside Iraq . not to mention the Iraqi people outside Iraq getting the dinar in credit card format ---- Quote Link to comment Share on other sites More sharing options...
jeepguy Posted November 5, 2017 Report Share Posted November 5, 2017 oh snap ! I just did the multiplication hahahaha yeah it says that right there Quote Link to comment Share on other sites More sharing options...
jeepguy Posted November 5, 2017 Report Share Posted November 5, 2017 so now they are not worried about having to give dinar a value ? they know who owns all the dinar now ! give the dinar a 1 to 1 value and the dinar can be a reserve currency ! 3 Quote Link to comment Share on other sites More sharing options...
Rabbi Posted November 5, 2017 Report Share Posted November 5, 2017 Not wanting to be a Debbie Downer here, but with 40 trillion IQD still outstanding, I just don't see them coming out at a new rate of $1/IQD...or even at $.86. Yes, I know we have the April 2012 SIGR report stating that Iraq planned to re-value the IQD to "slightly less than a dollar," and we reportedly have the Ministry of Planning Memorandum of Understanding Feasibility Study talking about $1.134 dollar per dinar (sorry, people, but when that MOP document came out, I distinctly remember it stating a value of 1.134 dinars per dollar, i.e., $.88/dinar). However, those two documents came out when their was only 20 trillion IQD outstanding. If their are now 40 trillion IQD outstanding, the math of those previous estimates dictates they they should be cut in half to $.43/dinar and $.44/dinar, respectively. To put things into perspective, if someone bought one million IQD at the price of $1,000 per million and it straight-up re-values to $.43/IQD, that one million IQD would then be worth $430,000, yielding you a phenomenal 43,000% Return on Investment. Yeah, it's not 1-to 1, but it'll still be the best ROI you'll ever see...by far!!! 2 5 1 Quote Link to comment Share on other sites More sharing options...
jeepguy Posted November 5, 2017 Report Share Posted November 5, 2017 28 minutes ago, Rabbi said: Not wanting to be a Debbie Downer here, but with 40 trillion IQD still outstanding, I just don't see them coming out at a new rate of $1/IQD...or even at $.86. Yes, I know we have the April 2012 SIGR report stating that Iraq planned to re-value the IQD to "slightly less than a dollar," and we reportedly have the Ministry of Planning Memorandum of Understanding Feasibility Study talking about $1.134 dollar per dinar (sorry, people, but when that MOP document came out, I distinctly remember it stating a value of 1.134 dinars per dollar, i.e., $.88/dinar). However, those two documents came out when their was only 20 trillion IQD outstanding. If their are now 40 trillion IQD outstanding, the math of those previous estimates dictates they they should be cut in half to $.43/dinar and $.44/dinar, respectively. To put things into perspective, if someone bought one million IQD at the price of $1,000 per million and it straight-up re-values to $.43/IQD, that one million IQD would then be worth $430,000, yielding you a phenomenal 43,000% Return on Investment. Yeah, it's not 1-to 1, but it'll still be the best ROI you'll ever see...by far!!! AND I WOULD BE HAPPY WITH THAT 1 1 Quote Link to comment Share on other sites More sharing options...
jeepguy Posted November 5, 2017 Report Share Posted November 5, 2017 I think the central bankers knew the dinar would be crazy ( scattered and smothered ) by other countries , and other central banking identities ... and I do believe they are still moving the actual amounts to be higher than they might really be ... ( actual dinar paper that is ... now the digital numbers might be this high , and you know the old saying " we are filthy rich on paper but only have 20 dollars in our pockets " , might be applied here ! there is way to much csh flow going into the Iraqi areas not to have some sort of dinar foot print going out ! just my 2 Quote Link to comment Share on other sites More sharing options...
drj Posted November 5, 2017 Report Share Posted November 5, 2017 (edited) 8 minutes ago, jeepguy said: AND I WOULD BE HAPPY WITH THAT I’ll take .44, too! The Saudis are at .27/1.00 so at this point, I’ll take anything. If it does come out at less than 1/1, I’ll cash some out and sit on the rest. Edited November 5, 2017 by drj 4 Quote Link to comment Share on other sites More sharing options...
jeepguy Posted November 5, 2017 Report Share Posted November 5, 2017 dang ! now I am hungry for 2 2 Quote Link to comment Share on other sites More sharing options...
skeetdog Posted November 5, 2017 Report Share Posted November 5, 2017 ....l'll take my smothered hash-browns crispy, light on the jalapeño, with chilli and cut the gravy...a large glass of OJ and some coffee please..... 3 Quote Link to comment Share on other sites More sharing options...
haymon Posted November 5, 2017 Report Share Posted November 5, 2017 As long as this train ride has been running, I would like it to at least pay back for the cash I have sitting and being spent on holding my accounts open. Just so my other half could see it as a break even investment. 😨 3 Quote Link to comment Share on other sites More sharing options...
sandfly Posted November 5, 2017 Report Share Posted November 5, 2017 i'll take .25. get me the wafflesandwich with cheese on the hase 2 Quote Link to comment Share on other sites More sharing options...
ChuckFinley Posted November 5, 2017 Report Share Posted November 5, 2017 I am in for anyone of those and I will have the Chicken and Waffle Special. 1 Quote Link to comment Share on other sites More sharing options...
jeepguy Posted November 5, 2017 Report Share Posted November 5, 2017 Haha , you guys ! 😁. So when this hits , we meet at the wapple housia 1 3 Quote Link to comment Share on other sites More sharing options...
blueskyline Posted November 5, 2017 Report Share Posted November 5, 2017 The lesser amount is OK . But I would much rather have what Botswana 🇧🇼 is having and a Pecan Waffle with a side of bacon 🥓 . Thank You very much for the reminder . 1 Quote Link to comment Share on other sites More sharing options...
Retiredofficer Posted November 5, 2017 Report Share Posted November 5, 2017 1 hour ago, ChuckFinley said: I am in for anyone of those and I will have the Chicken and Waffle Special. I will buy a Waffle House francise & let y’all eat for free...two visits per person🥓🍳🥞☕️ 3 1 Quote Link to comment Share on other sites More sharing options...
blueskyline Posted November 5, 2017 Report Share Posted November 5, 2017 3 minutes ago, Retiredofficer said: I will buy a Waffle House francise & let y’all eat for free...two visits per person🥓🍳🥞☕️ That’s not a bad idea at all . Florida could always use another Waffle House when I relocate there 1 Quote Link to comment Share on other sites More sharing options...
danielchu Posted November 5, 2017 Report Share Posted November 5, 2017 (edited) 3 hours ago, Rabbi said: Not wanting to be a Debbie Downer here, but with 40 trillion IQD still outstanding, I just don't see them coming out at a new rate of $1/IQD...or even at $.86. Yes, I know we have the April 2012 SIGR report stating that Iraq planned to re-value the IQD to "slightly less than a dollar," and we reportedly have the Ministry of Planning Memorandum of Understanding Feasibility Study talking about $1.134 dollar per dinar (sorry, people, but when that MOP document came out, I distinctly remember it stating a value of 1.134 dinars per dollar, i.e., $.88/dinar). However, those two documents came out when their was only 20 trillion IQD outstanding. If their are now 40 trillion IQD outstanding, the math of those previous estimates dictates they they should be cut in half to $.43/dinar and $.44/dinar, respectively. To put things into perspective, if someone bought one million IQD at the price of $1,000 per million and it straight-up re-values to $.43/IQD, that one million IQD would then be worth $430,000, yielding you a phenomenal 43,000% Return on Investment. Yeah, it's not 1-to 1, but it'll still be the best ROI you'll ever see...by far!!! if i may.. this says the amount of currency out side of iraq is equal too in dinar that amount includes dollars and all other currency that iraq holds! Weight 2016 2015 Iraqi Dinar 27.66 /12.55 US Dollar 48.39/ 57.24 Euro 12.13 20.44 SDR 2.84 - Others 8.98 45% to be dollars! Edited November 5, 2017 by danielchu 1 Quote Link to comment Share on other sites More sharing options...
10 YEARS LATER Posted November 5, 2017 Report Share Posted November 5, 2017 37 minutes ago, Retiredofficer said: I will buy a Waffle House francise & let y’all eat for free...two visits per person🥓🍳🥞☕️ Thats' what I'm talking about ! Entrepreneurship R.O. - I'ma BIG Tipper Quote Link to comment Share on other sites More sharing options...
Laid Back Posted November 5, 2017 Report Share Posted November 5, 2017 There is the chunky cash again.! How is possible that the chunky cash continues growing when the CBI has been reducing the note count for many years? We know the CBI and others banks have a liquidity problem, is this caused by chunky cash or the reduction of note count? We know the CBI plan is to give real market value to the dinar. I believe the CBI put this kind information out there to keep currency speculators in the dark, guessing and scared.! just my opinion.! Go CBI Go new monetary policy Go RV 2 4 Quote Link to comment Share on other sites More sharing options...
HowieC Posted November 5, 2017 Report Share Posted November 5, 2017 One article that floated around was covering the IQD 1 and a half times...... Alsumaria News / Baghdad said Prime Minister Haider al-Abadi , Wednesday, that the Iraqi currency backed strongly there is no fear on the dinar exchange rate against the dollar, while noting the existence of fraud and conspiracy to influence the current situation. Ebadi said in a press conference held at the airport in Baghdad before leaving for Tehran and I followed Alsumaria News that "the Iraqi currency backed strongly, the central bank has large reserves that cover the Iraqi currency and a half times," noting that "there is no fear of the Iraqi dinar." 1 Quote Link to comment Share on other sites More sharing options...
davis411 Posted November 5, 2017 Report Share Posted November 5, 2017 2 hours ago, Retiredofficer said: I will buy a Waffle House francise & let y’all eat for free...two visits per person🥓🍳🥞☕️ Careful i eat alot and can drink more 2 free visits i am good with 1 Quote Link to comment Share on other sites More sharing options...
yota691 Posted November 5, 2017 Author Report Share Posted November 5, 2017 The Central Bank of Iraq: The currency outside the banks amounted to more than 40 trillion dinars By rami - November 5, 2017 33 0 The Central Bank of Iraq, the currency outside the banks amounted to more than 40 trillion dinars. The central bank said in a report that “the currency outside the banks amounted to last March 40.18 trillion dinars,” noting that “the currency outside banks amounted to 37.5 trillion dinars in March last year.” He pointed out that “the capital of commercial banks during the first quarter of this year registered a rise of 25.3% compared to last year to reach 12.9 trillion dinars,” noting that “private banks constitute the largest proportion of capital banks to reach 9.7 trillion dinars and government banks with capital 3.3 trillion dinars. “ 2 Quote Link to comment Share on other sites More sharing options...
SnowGlobe7 Posted November 5, 2017 Report Share Posted November 5, 2017 7 hours ago, Retiredofficer said: I will buy a Waffle House francise & let y’all eat for free...two visits per person🥓🍳🥞☕️ a day? Quote Link to comment Share on other sites More sharing options...
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