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6ly410

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22 hours ago, pokerplayer said:

I have always felt that it would come out low. .33-.39 cents per dinar. As far as a timeline goes I felt it would happen when I was ready to retire. ( no idea why I felt that but I did ) which happens to be now. BUT, I say BUT, I would welcome any amount North of that number !

 

I turned 60 in Jan. so while my body still works I would welcome an RV so I could enjoy this Loooogggggg 15 yearrrrrr wait ! 

 

I suspect our time is near folks.

 

   pp

I can live with .33 - .39, but from there I feel it will jump up as the demand for dinar takes the place of the dollar. As for my time line, we are 20 years late. :lol:

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Now I know Adam has thought .10 to RV....I really don't want to butt heads with the Master but in my opinion that would make no sense should Iiraq want to get away from using the USD. If they want to drop the USD even 1-1 isn't that great for people of Iraq. offer them a little blue sky at $1.12-1.25 so the Dinar is indeed worth something.

 

This would get the USD off the streets in Iraq plus draw in a huge amount of IQD floating around in your closet and mine.

 

As the USD is used less and the value of the IQD slowly goes up.....That many many of us will be exchanging that IQD we hold when it goes to $2.00.

 

Odds are if anything moves at all many will jump ship and be done with this ride. say .10-.80 cent should it start that low.

 

Say $1.12-1.25 would be a huge payday (I myself will turn in XX amount) and there are others that will go all in with what ever they have.

 

Iraq need to get the notes off the street that you and I hold......The FML doesn't really get them out of covering the noted....More so it protect Iraq from over paying say 100,000 worth of dept and now there money is worth 300,000 so they want to pay out accordingly.

 

Okay, I confused myself and now it is time for another beer and a shot of tequila.

 

Karsten

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Image result for these pretzels are making me thirsty gif

 

2 hours ago, Botzwana said:

Image result for these pretzels are making me thirsty gif

 

Kramer’s Ready For A Beer And A Smoke To Wash Down Those Pretzels ! :o 

 

happy hour drinking GIF
 
:D  :D  :D 
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Meanwhile A Barely Coherent Davis Is Celebrating With Beers And Bears While Completely Bare Chested ! :o 

 

Guy Dancing GIF
 
:D  :D  :D 
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Monetary policy .. «magic box» deflates inflation and saves purchasing power


May 26, 2019 5:57 PM  Author: alzawraapaper
Al-Zawra / Duraid Salman: 

In each country there is a monetary policy that is officially adopted in order to influence the money supply in the financial markets and thus the economic performance, but what exactly means reform, especially in the economic circles? 

Monetary policy is a set of actions and measures by the central bank through the control of criticism to achieve the objectives of economic policy. 

Monetary authorities traditionally work within the framework of economic policy in their various manifestations to achieve the objectives usually symbolized by the magic box, which means high growth rates, full use and stability of the cash rate, as well as balance of payments balance. 

At present, monetary policy has become more circumspect around a central central objective of monetary stability, which is to reduce inflation or, if possible, to eliminate the purchasing power of cash.

The monetary policy objectives are to adjust the money supply to the level of economic activity, to balance the balance of payments, to reach an appropriate level of production and use And achieve full employment.

As for monetary policy instruments, they are dealt with outside the central bank, ie, in the market, where the central bank sells and purchases securities. This can affect the size and structure of the bank's liquidity, the monetary bloc and interest rates in the financial market. The statutory reserve is a percentage of the cash reserve that the commercial banks must keep with the central bank from the volume of deposits. In times of inflation, the central bank raises the legal reserve ratio and reduces the liquidity of commercial banks. In the case of economic recession, the central bank cuts this ratio and thus increases its ability to create credit.
link
 
 
And Now Here’s Some Comments From ‘Malicious’ Man ! :o 
 
:D  :D  :D  
 
 

The above article is telling me they are set on not being circumspect and are going to use the Magic Box (Square) Approach to their economy, which is what most modern and successful countries use. With the steady and stable inflation rate for many years it is fairly clear now with what is approaching the people, this approach would be supportive of new market economy. Especially with Iraq's wealth in natural resources in ground, Reserves, Gold, etc., and her youth that will fill the vacuum for the goal of full employment. They have done the home work over the last 15 odd years and now are giving everyone the methodology of how they are going to do things. Even so far as to tell us they will be using tools (instruments, mechanisms) to facilitate their monetary objectives, i.e, Buy and Sell Securities. 

That ought to wake us up.. We have not heard much from the ISX / NASDAQ linking up. But, they will need to see it through for the CBI to buy and sell securities of all types. I'll be interested and not surprised to see news on the ISX / NASDAQ shortly.. imo ~ MilitiaMan

"The Magic Square of Economic Policy highlights four main goals of economic policy:
growth, full employment, price stability, and balanced trade. A Macroeconomic Performance
Index can be used to assign relative weights to the dierent goals within the Magic Square,
giving a single index number per year per country. The legitimacy of the simplest weighting
scheme that assigns equal weight to all four goals is discussed. The macroeconomic performance
of eleven euro zone area countries is evaluated over time and across countries."

http://www.economicpolicyresea.....022017.pdf

BFBR~

This below is what we got from Delta and the one Frank references, as it to be so very important. I agree it is very important. They have in place the ability to use the Iraq currency to not only the legal standards for the country but for the legal standards of an and at an International Financial level! So let this data sink in and when it is said they are on a one way street and there is no turning back now, is so very spot on!!! imo ~ MilitiaMan

Sahlani: Parliamentary efforts to open the file "currency auction"

  25/05/2019 
 
The parliamentary bloc Badr, on Saturday, the existence of efforts in the House of Representatives to open the file "auction currency" in the Central Bank of Iraq, stressing that the file hover around him a lot of suspicions.

A spokesman for the bloc, Walid al-Sahlani,in a press statement seen by the "Covenant News"That "there are attempts within the House of Representatives to open the file auction currency," noting that "the auction and as everyone knows a lot of suspicions, and need to check and investigate."

"The money of the Iraqi people must be subject to legal and constitutional standards, as well as to the international financial culture," Sahlani said. "The auction can not be announced through a window of opportunity.

http://alahadnews.net/

DELTA:


---------------------------------------------------

 

This quote below from our Federal Reserve supports what is above in regards to the Magic Box and Government buying and selling Securities.. ~ MilitiaMan

"The Federal Reserve's three instruments of monetary policy are open market operations, the discount rate and reserve requirements. Open market operations involve the buying and selling of government securities. ... Open market operations are flexible, and thus, the most frequently used tool of monetary policy."

----------------------------------------------

There is also the FML and the more recent  FMA that was signed yesterday. IMO the FMA was enacted, signed and sent off to the Gazette, shows me that the article today on 1.8 billion smuggled or stolen is about to be prosecuted. imo  Put that back into Iraq Reserves and it will be a good source of extra capital to buy and sell securities once the ISX links with the NASDAQ internationally.. imo ~MilitiaMan

"Today's document shows that the central bank waited 4 months, before taking effective action towards the exit of $ 1.8 billion through the auction currency."

 

Edited by DinarThug
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18 minutes ago, DinarThug said:

The Interior Inspectorate retrieves 60 billion dinars


Sunday 26 May 2019

alsabaah-13115.jpg

Baghdad / conscious


The Ministry of Interior Inspectorate has managed to recover 60 billion dinars to the State Treasury since the beginning of this year and until now.

"The Inspector General's offices in the Ministry of the Interior have been retrieved from the date of 1/1/2019 and so far (60) billion dinars to the state treasury," Inspector General of the Ministry Jamal Tahir al-Asadi told the Iraqi News Agency.

He added that "the recovered money was mostly files and cases of corruption in addition to suspicious transactions have been stopped and investigated," adding that "the referral of those involved in these cases to the judiciary." 

He pointed out that "the work of the offices of public inspectors according to the law is to investigate the contracts and files and investigate them and stop them in the event of any suspicion of corruption in them."

link

 

And It Looks Like They Keep Finding More Money To Put Back Into Their Treasury ! :o 

 

:D  :D  :D  

 

 

The Interior Inspectorate retrieves 60 billion dinars


Sunday 26 May 2019

alsabaah-13115.jpg

Baghdad / conscious


The Ministry of Interior Inspectorate has managed to recover 60 billion dinars to the State Treasury since the beginning of this year and until now.

"The Inspector General's offices in the Ministry of the Interior have been retrieved from the date of 1/1/2019 and so far (60) billion dinars to the state treasury," Inspector General of the Ministry Jamal Tahir al-Asadi told the Iraqi News Agency.
 
He added that "the recovered money was mostly files and cases of corruption in addition to suspicious transactions have been stopped and investigated," adding that "the referral of those involved in these cases to the judiciary." 

He pointed out that "the work of the offices of public inspectors according to the law is to investigate the contracts and files and investigate them and stop them in the event of any suspicion of corruption in them."

link

 

Edited by DinarThug
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Bro, so many great articles out today...those articles about paying the salaries...and so on.

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 Bro, i really believe that the auction cannot be stopped...however this can be monitored thru FML....once there is a rate change, there will be no more corruptions  because the FML will deal all of those...cheers bro n all dvers

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I don’t know what to say anymore bro...so much excitement.. haha cheers

Edited by 6ly410
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lmb4321, I said it before that there is a possibility that a rate change might pop up this week...but in saying so, iam going against what others are saying that a complete govt is needed for a rate change to happen

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2 hours ago, DinarThug said:

Monetary policy .. «magic box» deflates inflation and saves purchasing power


May 26, 2019 5:57 PM  Author: alzawraapaper
Al-Zawra / Duraid Salman: 

In each country there is a monetary policy that is officially adopted in order to influence the money supply in the financial markets and thus the economic performance, but what exactly means reform, especially in the economic circles? 

Monetary policy is a set of actions and measures by the central bank through the control of criticism to achieve the objectives of economic policy. 

Monetary authorities traditionally work within the framework of economic policy in their various manifestations to achieve the objectives usually symbolized by the magic box, which means high growth rates, full use and stability of the cash rate, as well as balance of payments balance. 

At present, monetary policy has become more circumspect around a central central objective of monetary stability, which is to reduce inflation or, if possible, to eliminate the purchasing power of cash.

The monetary policy objectives are to adjust the money supply to the level of economic activity, to balance the balance of payments, to reach an appropriate level of production and use And achieve full employment.

As for monetary policy instruments, they are dealt with outside the central bank, ie, in the market, where the central bank sells and purchases securities. This can affect the size and structure of the bank's liquidity, the monetary bloc and interest rates in the financial market. The statutory reserve is a percentage of the cash reserve that the commercial banks must keep with the central bank from the volume of deposits. In times of inflation, the central bank raises the legal reserve ratio and reduces the liquidity of commercial banks. In the case of economic recession, the central bank cuts this ratio and thus increases its ability to create credit.
link
 
 
And Now Here’s Some Comments From ‘Malicious’ Man ! :o 
 
:D  :D  :D  
 
 

The above article is telling me they are set on not being circumspect and are going to use the Magic Box (Square) Approach to their economy, which is what most modern and successful countries use. With the steady and stable inflation rate for many years it is fairly clear now with what is approaching the people, this approach would be supportive of new market economy. Especially with Iraq's wealth in natural resources in ground, Reserves, Gold, etc., and her youth that will fill the vacuum for the goal of full employment. They have done the home work over the last 15 odd years and now are giving everyone the methodology of how they are going to do things. Even so far as to tell us they will be using tools (instruments, mechanisms) to facilitate their monetary objectives, i.e, Buy and Sell Securities. 

That ought to wake us up.. We have not heard much from the ISX / NASDAQ linking up. But, they will need to see it through for the CBI to buy and sell securities of all types. I'll be interested and not surprised to see news on the ISX / NASDAQ shortly.. imo ~ MilitiaMan

"The Magic Square of Economic Policy highlights four main goals of economic policy:
growth, full employment, price stability, and balanced trade. A Macroeconomic Performance
Index can be used to assign relative weights to the dierent goals within the Magic Square,
giving a single index number per year per country. The legitimacy of the simplest weighting
scheme that assigns equal weight to all four goals is discussed. The macroeconomic performance
of eleven euro zone area countries is evaluated over time and across countries."

http://www.economicpolicyresea.....022017.pdf

BFBR~

This below is what we got from Delta and the one Frank references, as it to be so very important. I agree it is very important. They have in place the ability to use the Iraq currency to not only the legal standards for the country but for the legal standards of an and at an International Financial level! So let this data sink in and when it is said they are on a one way street and there is no turning back now, is so very spot on!!! imo ~ MilitiaMan

Sahlani: Parliamentary efforts to open the file "currency auction"

  25/05/2019 
 
The parliamentary bloc Badr, on Saturday, the existence of efforts in the House of Representatives to open the file "auction currency" in the Central Bank of Iraq, stressing that the file hover around him a lot of suspicions.

A spokesman for the bloc, Walid al-Sahlani,in a press statement seen by the "Covenant News"That "there are attempts within the House of Representatives to open the file auction currency," noting that "the auction and as everyone knows a lot of suspicions, and need to check and investigate."

"The money of the Iraqi people must be subject to legal and constitutional standards, as well as to the international financial culture," Sahlani said. "The auction can not be announced through a window of opportunity.

http://alahadnews.net/

DELTA:


---------------------------------------------------

 

This quote below from our Federal Reserve supports what is above in regards to the Magic Box and Government buying and selling Securities.. ~ MilitiaMan

"The Federal Reserve's three instruments of monetary policy are open market operations, the discount rate and reserve requirements. Open market operations involve the buying and selling of government securities. ... Open market operations are flexible, and thus, the most frequently used tool of monetary policy."

----------------------------------------------

There is also the FML and the more recent  FMA that was signed yesterday. IMO the FMA was enacted, signed and sent off to the Gazette, shows me that the article today on 1.8 billion smuggled or stolen is about to be prosecuted. imo  Put that back into Iraq Reserves and it will be a good source of extra capital to buy and sell securities once the ISX links with the NASDAQ internationally.. imo ~MilitiaMan

"Today's document shows that the central bank waited 4 months, before taking effective action towards the exit of $ 1.8 billion through the auction currency."

 

 

And Here’s More From MilitiaMan With Some ‘Malicious’ Meat And Potatoes ! :o 

 

 

Mmmm ... Meat And Potatoes ...

 

:D  :D  :D 

 

 

 

Here is some meat and potatoes.. lol

The FMA is enacted as of yesterday and now at the Gazette. imo.. lol ~ WOW.!!!!.  ~ MilitiaMan

This is from the past that I just went back to find and look what the plan was. That plan is being finished. It is the plan to raise the rate of the IQD.. It is the FMA enacted, yesterday.. Times are good!!  imo.. ~ MilitiaMan

Wednesday 20 March 2019 1567

Baghdad / Omar Abdul Latif
 
The Parliamentary Finance Committee is moving in the current legislative session to develop mechanisms to change the monetary and monetary policies in the country, in coordination with the Central Bank of Iraq, aimed at raising the dinar exchange rate and maintaining the stability of inflation.
 
“The committee will move during the current legislative term towards changing the fiscal and monetary policy in the country in general,” said member of the committee Abdul Hadi al-Saadawi, 
Coming “.
He added that “the Committee is keen to enact the law of financial administration as it gives a complete road map of the financial policy in the country in terms of management of money and cash in the state,” pointing out that “the change will raise the exchange rate of the Iraqi dinar against foreign currencies while maintaining the stability of inflation
 In the country”.
“The Commission is determined to make these changes during the next phase and not to follow the traditional methods are not appropriate at the moment.”
 
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Navira, If U Don’t Eat Ur Meat - U Can’t Have Any Pudding ! :o 

 

 

How Can U Have Any Pudding If U Don’t Eat Ur Meat ? :blink:

 

:D  :D  :D  

 

 

Here’s Some More MilitiaMan With Some ‘Malicious’ Pudding For Desert ...

 

:lmao:  :lmao:

 

 

 

This is what secured the ROAD MAP's completion set out on March 20th of 2019.. The goal is and was to raise the IQD exchange rate. ~ MilitiaMan

 

"He added that “the Committee is keen to enact the law of financial administration as it gives a complete road map of the financial policy in the country in terms of management of money and cash in the state,” pointing out that “the change will raise the exchange rate of the Iraqi dinar against foreign currencies while maintaining the stability of inflation  In the country”.
 
 

The House of Representatives votes on the Financial Management Act

Saturday 25 May

alsabaah-12996.jpg

 

Baghdad / Al-Sabah
The Voice of the House of Representatives in its twenty-first session held under the chairmanship of Mohamed Halbusi, the President of the Council on Thursday and in the presence of 194 deputies, the Financial Management Law, and ended the first reading of the first amendment to the provincial elections lawAnd districts.
A statement issued by the media department of the council received by al-Sabah said that at the beginning of the session, the council agreed to allow the representation of Christians, Yazidis, Shabak, Sabean Mandaean and Faily Kurds in the Committee of Martyrs, Victims and Political Prisoners, in addition to their work in their main committees.

The Council voted during the session chaired by the First Vice-President of the Council, Hassan Al-Kaabi, on the draft Financial Management Law submitted by the Finance Committee to regulate the rules and procedures governing financial and accounting management in the field of planning, preparation, implementation, monitoring and auditing of the federal public budget and directing all Federal revenues to the public treasury to cover public expenditure and determine the link between the internal control units in terms of administrative and technical and the development of mechanisms related to the implementation of budgets and the commitment of each implementing party and determine the responsibility of the Ministry of Finance at the stage of development Iv, in addition to identifying specific dates for the balance of audit and final accounts and commitment to the principles of the budget (budget transparency and comprehensiveness of the budget and the unity of the budget and the annual budget) when creating and implementing the federal budget and related matters, and to ensure the achievement of macroeconomic stability, financial stability and enhance the allocation of resources

For his part, praised the President of the House of Representatives on the Chairman and members of the Finance Committee for their great efforts and hard work for long periods in order to complete the important law, which was not legislated during the previous sessions.
The Council ended the first reading of the draft law of the first amendment to the law of elections provincial councils and districts No. 12 of 2018 submitted by the legal committees and regions and governorates not organized in the province in order to reduce the age requirement in the candidate for elections and to ensure a fair distribution of seats between the lists and to balance the right of the member of the winning list to withdraw from the list and The right of the list to which it belongs, in its stability as a single list and to ensure that this does not affect the formation of local government.
Also, Star Jabbar Abbas was sworn in as a member of the House of Representatives instead of MP Ajyal Karim after the federal court reversed the decision of the House of Representatives based on the objection submitted by Star Jabbar and replaced Ajyal Karim for the membership of the Council for the province of Dhi Qar.
In another matter, Halabousi, according to a statement issued by the Information Office of the President of the Parliament received by "morning", the committees on the submission of the Civil Service Law and the Federal Court Law in the coming sessions.
According to the statement, "at the request of the Federal Supreme Court of the House of Representatives to legislate an alternative article within the law of the court before the Council, in view of the existence of a legal and legislative vacuum, after the court's ruling unconstitutional article (3) of the law issued by the National Authority legislative order No. 30 of 2005, which states: The Federal Supreme Court shall consist of a President and eight members appointed by the Presidency Council upon nomination by the Supreme Judicial Council in consultation with the Judicial Councils in the Region as provided for in Article 44, paragraph (e) State Administration for the Expatriate Transition ".
The statement added that "the Speaker of the House of Representatives directed to accelerate and accelerate the legislative procedures; to approve the law of the Court long-awaited, and address the constitutional vacuum; pursuant to the provisions of Article (92 / II) of the Constitution, and the second reading of the draft law in the next session."
link
 
Edited by DinarThug
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5 minutes ago, navira said:

lmb4321, I said it before that there is a possibility that a rate change might pop up this week...but in saying so, iam going against what others are saying that a complete govt is needed for a rate change to happen

With your comments here and DT comments above I read it as a mixed message as the article he posted mentioned that they are determined to make these changes  but that these changes are best suited to the next phase. Perhaps my interpretation is incorrect ..

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5-26-2019   Intel Guru RayRen98   Parliament announces that all cabinet positions have been filled including the Interior Minister.  Names are not yet disclosed, but reportedly Past PM Abadi asserts that the filled positions are crooked politicians and situations are worsened.  All below the poverty line have NOT received their 100,000 dinar as promised.  Citizens in baghdad are informing us that no rate changes have appeared yet.

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NI, I believe what they meant by next phase is current...current legislative term which is this legislative term that they are in now. Cheers NI

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