ChuckFinley Posted November 8, 2017 Report Share Posted November 8, 2017 I also would add the UN meeting on/or about 21 Nov to move them out of Chapter 7. 2 6 Quote Link to comment Share on other sites More sharing options...
NoviceInvestor Posted November 8, 2017 Report Share Posted November 8, 2017 31 minutes ago, pokerplayer said: Well said LDG. Boy we, as in you and I have come along way since those initial confrontational days have we not ? Have a great day big fella, pretty soon I hope the only trucks you will deal with are the ones bringing new baby furniture to your house. pp Thank you PP for your salutations they are well recieved but perhaps they should have been directed to my dear friend.. however the only baby furniture I will be bringing into my home will be for my grandchildren. But I can assure you that one thing this lady here will not miss post RV will be the smell of diesel on my hands because my working days will be a part of my history .. 😊 1 2 Quote Link to comment Share on other sites More sharing options...
pokerplayer Posted November 8, 2017 Report Share Posted November 8, 2017 1 minute ago, NoviceInvestor said: Thank you PP for your salutations they are well recieved but perhaps they should have been directed to my dear friend.. however the only baby furniture I will be bringing into my home will be for my grandchildren. But I can assure you that one thing this lady here will not miss post RV will be the smell of diesel on my hands because my working days will be a part of my history .. 😊 Oopps. lol, yes they were meant for LDG. Sorry about that. pp 2 Quote Link to comment Share on other sites More sharing options...
NoviceInvestor Posted November 8, 2017 Report Share Posted November 8, 2017 Just now, pokerplayer said: Oopps. lol, yes they were meant for LDG. Sorry about that. pp No worries 1 Quote Link to comment Share on other sites More sharing options...
Half Crazy Runner Posted November 8, 2017 Report Share Posted November 8, 2017 55 minutes ago, ChuckFinley said: I am looking forward to the day this is wrapped up. I think if it does come out low (.10) just per demand will drive it's value up. There is a ton of people out there that are smarter than I am on this stuff. I would not think they would be investing in this heavily if they did not see this moving closer to 1 to 1 unless GOI pegs it and I do not see that happening. That’s been my husband’s philosophy from day one of this investment. I think it’s a pretty reasonable assumption. 👍🏻 Have a great evening Chuck! 5 Quote Link to comment Share on other sites More sharing options...
MyLadiesDaddy Posted November 8, 2017 Report Share Posted November 8, 2017 1 hour ago, pokerplayer said: Well said LDG. Boy we, as in you and I have come along way since those initial confrontational days have we not ? Have a great day big fella, pretty soon I hope the only trucks you will deal with are the ones bringing new baby furniture to your house. pp Okay that brought me out of hiding on this side of the DV world. Kate is my dearly adopted mother down under in Aussie land. I did get a laugh out of the misunderstanding though my dear sister from a land far too cold for my taste. But one thing is for sure Canadians and Aussie's both have American's beat by far in their hospitality. 2 Quote Link to comment Share on other sites More sharing options...
DinarThug Posted November 8, 2017 Report Share Posted November 8, 2017 1 hour ago, NoviceInvestor said: But I can assure you that one thing this lady here will not miss post RV will be the smell of diesel on my hands Then Be Careful About Hugging LGD - He Wears Diesel Aftershave ! But At Least It’s Somewhat Of An Improvement Over His Old Spice ... 4 Quote Link to comment Share on other sites More sharing options...
caz1104 Posted November 8, 2017 Report Share Posted November 8, 2017 (edited) 10 minutes ago, DinarThug said: Then Be Careful About Hugging LGD - He Wears Diesel Aftershave ! But At Least It’s Somewhat Of An Improvement Over His Old Spice ... & British Sterling or High Karate Edited November 8, 2017 by caz1104 Quote Link to comment Share on other sites More sharing options...
MyLadiesDaddy Posted November 8, 2017 Report Share Posted November 8, 2017 35 minutes ago, DinarThug said: Then Be Careful About Hugging LGD - He Wears Diesel Aftershave ! 3 Quote Link to comment Share on other sites More sharing options...
ChuckFinley Posted November 8, 2017 Report Share Posted November 8, 2017 1 hour ago, Half Crazy Runner said: That’s been my husband’s philosophy from day one of this investment. I think it’s a pretty reasonable assumption. 👍🏻 Have a great evening Chuck! You too. 3 Quote Link to comment Share on other sites More sharing options...
zul Posted November 9, 2017 Report Share Posted November 9, 2017 11 hours ago, Synopsis said: in addition to determining the Dollar sell rate for that operation at 119 Iraqi dinar per dollar Too often we have seen them quoting their exchange rate in so many diff ways. Example #1: The dollar stabilized exchange rates in the local market on Sunday (March 52 017). Bourse struggle - Baghdad 125.500, while the price of the stock on Friday, 125.450. Buying and selling in shops Banking Rates: Dollar selling price = 126,000 dinars. The purchase price of the dollar = 125,000 dinars. Another example: The decision of the Finance Committee of the Iraqi parliament, Ahmed Haji Rashid, told the network Roudao media, if the central bank raises $ 160 million a day in the market at a price of 119 thousand dinars at a rate of 5 days a week to raise the value of the dinar, and expected to exchange $ 100 price drop to 122 thousand Iraqi dinars. So...I think, "119 Iraqi dinar per dollar" ~ could actually mean 119 thousand Iraqi dinar per $ 100 dollar. I do not want '119 Iraqi dinar per dollar' 5 Quote Link to comment Share on other sites More sharing options...
happygilmores Posted November 9, 2017 Report Share Posted November 9, 2017 10 hours ago, pokerplayer said: $1,000,000 IQD /119 = $8403.36 USD so you can let out a {{{ sigh }}} of relief as this appears to be the worst we would get. Hope that helps pp At this point I would take it! 1 Quote Link to comment Share on other sites More sharing options...
Uckiller Posted November 9, 2017 Report Share Posted November 9, 2017 2 hours ago, zul said: Too often we have seen them quoting their exchange rate in so many diff ways. Example #1: The dollar stabilized exchange rates in the local market on Sunday (March 52 017). Bourse struggle - Baghdad 125.500, while the price of the stock on Friday, 125.450. Buying and selling in shops Banking Rates: Dollar selling price = 126,000 dinars. The purchase price of the dollar = 125,000 dinars. Another example: The decision of the Finance Committee of the Iraqi parliament, Ahmed Haji Rashid, told the network Roudao media, if the central bank raises $ 160 million a day in the market at a price of 119 thousand dinars at a rate of 5 days a week to raise the value of the dinar, and expected to exchange $ 100 price drop to 122 thousand Iraqi dinars. So...I think, "119 Iraqi dinar per dollar" ~ could actually mean 119 thousand Iraqi dinar per $ 100 dollar. I do not want '119 Iraqi dinar per dollar' Or mayb 119 dinar per 100usd?hehe 1 Quote Link to comment Share on other sites More sharing options...
Laid Back Posted November 9, 2017 Report Share Posted November 9, 2017 . 1/119 = 0,00084 . Delete the 000 and introduce lower denomination notes . $840,000 per million dinar. 1 6 Quote Link to comment Share on other sites More sharing options...
newbieDA Posted November 9, 2017 Report Share Posted November 9, 2017 With victory and liberation signs… The Central Bank of Iraq still insists on continuing the march of liberation and construction through the management of its monetary policy and unlimited support to stimulate economic growth in addition to its endeavor aiming to enhance stability on the level of macro economy in general and financial sector in particular. Since the dawn of 2017, this year was overflowed, especially in the first half, with a package of important measures and a wide spectrum of serious and ambitious steps, over which the efforts of the Central bank of Iraq employees collaborated for their implementation. The most important results of that phase of achievements can be summarized according to the following: 1- Continue the joint coordination and fruitful cooperation on the highest levels between fiscal and monetary policy hrough establishing a joint committee which includes in its membership representatives of Ministry of Finance and the Central bank of Iraq undertaking the task of holding consultations with the cabinet regarding policies and the developments of the general economic conditions of the country. 2- Updating Iraq credit rating by International rating groups and agencies S&P and Fitch for the second time to become( –B/B) with a stable outlook. "The stable outlook reflects that fiscal consolidation will continue over next few years". 3- Develop the mechanism of state employees salary payment by converting the traditional system to an electronic one through the localization of their salaries in accounts and cash them via electronic cards; the Central Bank of Iraq started with the cooperation of a number of public and private banks, settling the salaries of the Central bank employees, it is expected that during the current year this leading step will be applied in most of the state Ministries and agencies. 4- The effective steps taken by the Central bank in implementing the rules and principals of anti-money laundry and terrorism financing resulted in Iraq exit from the gray zone within the International classification and evaluation of the financial action task force FATF which kept the country away from the specter of International prohibition zone evading the threats of closing doors and outlets of the international financial system in front of the country. 5- The central Bank of Iraq gave an utmost importance to the compliance issue through applying international standards by banks to be able to gain a proper and satisfactory degree at the compliance standard that allows a bank to participate in the window for buying and selling foreign currency, the central Bank has determined a month period for banks that didn’t achieve the level of success of compliance standard, (more than 50% of compliance standard degree), otherwise banks will be deprived of accessing the window till they adjust their conditions. 6- The Central Bank adopted new instructions and models for buying and selling foreign currency effective early August 2017 in order to facilitate currency sale procedures and activate verification and control mechanisms for the daily selling operations ensuring their non – violation of Anti money laundry and terrorist financing Law; the most important provisions of those instructions were: the Central bank of Iraq should enhance banks' balances with their correspondent banks abroad in foreign currency to finance the legally authorized banking operations , in addition to determining the Dollar sell rate for that operation at 119 Iraqi dinar per dollar ,provided that it should not exceed the sell margin 10 dinar per Dollar for all mediators or brokers. 7- Activate the International bank account Number –IBAN on the payment systems RTGS-ACH, this number is based on special International specifications and is adopted all over the world internally and externally, it also represent a specific format for bank customers account numbers allowing their users to verify the number of the account transferred to it . Banks were required to adopt the unified accounting number in internal transfers staring from the beginning of this year. 8- CBI granted three licenses (permits) to practice Islamic banking business to three financial companies to amend their activities from Financial transfer companies to become Islamic banks early 2017 ; those banks were ( Islamic AL Quabuth for Finance and Investment, Islamic AlRajeh for Investment & Finance, Islamic Al Kurtass for Investment & Finance), with consideration to CBI Law No.56 of 2004, Islamic Banks Law No.43 of 2015, and AML/FT Law No 39 of 2015, stipulating that banks should be subject to CBI surveillance according to the above mentioned laws, which stipulate the capital increase to the prescribed limit amounting to 250 billion ID within a period not exceeding 3 years of the date of granting the license, according to what was set forth in the valid Islamic banks law. For a sound Iraqi banking sector and AML/FT Law No 39 of 2015, stipulating that banks should be subject to CBI surveillance according to the above mentioned laws, which stipulate the capital increase to the prescribed limit amounting to 250 billion ID within a period not exceeding 3 years of the date of granting the license, according to what was set forth in the valid Islamic banks law. In order to achieve a sound Iraqi banking reality the most important negative phenomena ,from which the banking sector is suffering should be addressed, and which treatment represent basics to promote and improve its performance, we seek to stimulate best practices and establish rules and principals which achieve progress and advancement through Central Bank of Iraq proactive ,preventive and precautionary supervision that reveal the efforts of departments and inspection tours along with direct access on the banks conditions and what external auditors reports reveal of articulated phenomena which requires hard work in order to address and adjust. We proceed from this in our commitment to develop and improve our banking sector performance; we are confident that progress and success opportunities are open if there is will and diligence; and that is the interest of all. Quote Link to comment Share on other sites More sharing options...
newbieDA Posted November 9, 2017 Report Share Posted November 9, 2017 1 minute ago, newbieDA said: 6- The Central Bank adopted new instructions and models for buying and selling foreign currency effective early August 2017 in order to facilitate currency sale procedures and activate verification and control mechanisms for the daily selling operations ensuring their non – violation of Anti money laundry and terrorist financing Law; the most important provisions of those instructions were: the Central bank of Iraq should enhance banks' balances with their correspondent banks abroad in foreign currency to finance the legally authorized banking operations , in addition to determining the Dollar sell rate for that operation at 119 Iraqi dinar per dollar ,provided that it should not exceed the sell margin 10 dinar per Dollar for all mediators or brokers. Section 6 Page 6 in Full 1 Quote Link to comment Share on other sites More sharing options...
NoviceInvestor Posted November 9, 2017 Report Share Posted November 9, 2017 11 hours ago, ladyGrace'sDaddy said: Okay that brought me out of hiding on this side of the DV world. Kate is my dearly adopted mother down under in Aussie land. I did get a laugh out of the misunderstanding though my dear sister from a land far too cold for my taste. But one thing is for sure Canadians and Aussie's both have American's beat by far in their hospitality. It might be cold in Canada and down South In Oz LGD.. But winter in Queensland is virtually non existent but our Summer is a very different story ... Hot, Hotter and very Humid 😊 1 Quote Link to comment Share on other sites More sharing options...
yota691 Posted November 9, 2017 Author Report Share Posted November 9, 2017 Tender No. (2017/3) November 08, 2017 1 Quote Link to comment Share on other sites More sharing options...
Freedomwish Posted November 9, 2017 Report Share Posted November 9, 2017 12 hours ago, Laid Back said: . 1/119 = 0,00084 . Delete the 000 and introduce lower denomination notes . $840,000 per million dinar. GO Laidback! Quote Link to comment Share on other sites More sharing options...
pokerplayer Posted November 9, 2017 Report Share Posted November 9, 2017 8 hours ago, yota691 said: Tender No. (2017/3) November 08, 2017 Not sure why this was posted with out a translation as what good is it to anyone like this really ? Just my pp Quote Link to comment Share on other sites More sharing options...
DinarThug Posted November 9, 2017 Report Share Posted November 9, 2017 8 hours ago, yota691 said: Tender No. (2017/3) November 08, 2017 8 minutes ago, pokerplayer said: Not sure why this was posted with out a translation as what good is it to anyone like this really ? Don’t Shoot The Messenger (unless it’s a clown - but I carry a loaded squirt gun and have good aim) ! Not Everything Posted On The Arabic Side Of The CBI’s Website Works On Google Translate ! However, If It’s Something Really Big - DV Nation Will Rise And Cobble Together Some Type Of A Loose Translation ! 5 Quote Link to comment Share on other sites More sharing options...
Half Crazy Runner Posted November 9, 2017 Report Share Posted November 9, 2017 14 hours ago, Laid Back said: . 1/119 = 0,00084 . Delete the 000 and introduce lower denomination notes . $840,000 per million dinar. I’d take that rate in a heartbeat! 3 Quote Link to comment Share on other sites More sharing options...
ChuckFinley Posted November 9, 2017 Report Share Posted November 9, 2017 14 hours ago, Laid Back said: . 1/119 = 0,00084 . Delete the 000 and introduce lower denomination notes . $840,000 per million dinar. Excellent LB. I could live with that. The most important thing is the lower denominations. Can not issue lower denominations if they are worth pennies, they have to value. 4 Quote Link to comment Share on other sites More sharing options...
newbieDA Posted November 9, 2017 Report Share Posted November 9, 2017 Seriously, if you want to play with the numbers, Iraq and India made a trade agreement along time ago and if you play with the numbers, you will see a a lot within them. Also, with Block Chain technology now, the extra zeros not longer matter. This is why I never talk about a rate or date myself. I am just waiting for the IQD to go international is all. Thats all, nothing more. 2 Quote Link to comment Share on other sites More sharing options...
newbieDA Posted November 9, 2017 Report Share Posted November 9, 2017 26 minutes ago, ChuckFinley said: Excellent LB. I could live with that. The most important thing is the lower denominations. Can not issue lower denominations if they are worth pennies, they have to value. Any word on the lower denominations at all lately? I have seen a lick about them. 2 Quote Link to comment Share on other sites More sharing options...
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