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6ly410

Go Iraq Part 7

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Please bros/sisters, stay to the topic (dinar). Please respect one another.Everyday is exciting for dinar....let's go ri/rv...cheers bros n sisters.

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7 minutes ago, navira said:

Haha...bro....just made one hahaha

haha cheers bro 

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35 minutes ago, stanleypower said:

Are these jokers in session now??

 

September 3rd

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Had me going , spent 2 hour on the other "Go Iraq Part 7 " thread. Thought you all left town.  :lol:

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This is from Thug

 

Deputy reveals the completion date of the Ministry of Education file

 

Deputy reveals the completion date of the Ministry of Education file

 

26th August, 2019

 


The MP in the House of Representatives, Abdul Aoun Allawi, on Monday, the date of completion of the file of the Ministry of Education.

Allawi said, in a statement followed by "tomorrow," that "the file of the Ministry of Education will end with the beginning of the next legislative chapter."

Disagreements between the Sunni blocs so far have hindered the designation of a minister for education despite the passage of 9 months to form a government.

According to the consensus of the Sunni blocs at first, the education portfolio belonged to the Arab project bloc led by Khamis al-Khanjar, but the parliament over the past months rejected all the candidates, namely, "Safana Hamdani" and "Shaima al-Hayali" and "Zahida Abdullah."

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Let's hope they can close this out before the next legislative chapter. I would like to hit the ground running. 

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Another Thug News Post

 

 

 

Specialized: minted coins serve internal business transactions

 

مختصان: النقود المسكوكة تخدم التعاملات التجاريَّة الداخليَّة 

 

Monday 26 August 2019 

 

 
 
There have been recent parliamentary voices calling for the reintroduction of coins (coinage) and reintroduction into circulation, as well as reconsideration of the project to delete the three zeros from the Iraqi currency, at a time when economists regarded it as part of the great economic reform process in the country.
 
 
Strategic Plan

Economist Dr. Essam Mohamed Hassan said that "the Central Bank decided earlier to develop a plan to create coins as part of a restructuring plan that requires the approval of the House of Representatives as a strategic plan will contribute to support system">support the value of the Iraqi dinar in trading
"The change of currency means that a new currency replaces an old currency, with a specified replacement rate, and removes the zeros of the old currency or moves the decimal places to the left," he said, adding that "part of the restructuring plan of the currency and banks involves the creation of coins for trading." Financial support system">support for the national economy. "
Hassan said that "the coin project, launched in 2004 did not succeed because of the absence of comprehensive economic reforms to support system">support the financial value of the dinar in the global market," explaining that the coins will be one of the important intermediate currencies that will be used for trading and transactions.
"Deleting zeros and reintroducing coins has to do with economic reforms because coins, because of their durability, are longer than coins that are quickly damaged," he said. In 2004, "indicating that this requires the dissemination of a culture to educate the public about the economic feasibility of the minted currency."
 
Delete the zeros
Dr. Abdul Hussein Al-Ghalbi, an economist at the Faculty of Business and Economics, University of Kufa, said: "The process of changing the currency is not limited to deleting zeros, but it can be done by adding a number of zeros or moving the decimal places to the right, as happened in South Africa in 1961, but the situation Prevailing over the past 50 years in most countries is the elimination of zeros because of the hyperinflation witnessed by many countries, which obliges to add zeros to their currencies in those circumstances, and then get rid of zeros at the end
Al-Ghalbi stressed that "changing the currency does not affect productivity, as well as that this change does not affect the purchasing power of money, because the power comes from the increased demand for money against the money supply, and as long as the purchasing power does not change, the demand for currency and money supply They do not change, because deleting zeros does not entitle monetary institutions and the central bank to print more money and pump it into
Economy".
Al-Ghalbi added that "the central bank is constrained by the existing cash in the replacement process, while foreign trade will not be affected as the price of exports will continue itself unchanged, as well as import payments are not affected because foreign exchange is in foreign currency against domestic, which remains unchanged because The purchasing power of a currency
do not change".
 
Multiple benefits
"Changing currency and deleting zeros brings multiple benefits, including the fact that changing the currency leads to more efficiency for the local currency by reducing the number of zeros," he said.
Public".
 He said that "after the change of currency will occur a serious reduction in the volume of transactions with less amount of money, which facilitates all parties to deal with, especially
 Accountants. "
 
Monetary deception
Al-Ghalbi said that "currency change reduces the phenomenon of monetary deception experienced by the people with a large number of zeros that push towards the generation of inflationary pressures, and the currency change signals to the local community and international markets that the government is serious in removing inflation, and the economy is heading towards a new beginning empty Of inflation
Untamed. "
He added that "currency change leads to greater confidence in local currency and credibility, and when there are a large number of zeros in the local currency people lose their confidence, especially those with transactions in wholesale markets and importers, as they will replace the local currency with stable international currencies such as the dollar or the euro, which deepens The phenomenon of dollarization in the domestic economy, which weakens monetary authority and reduces the effectiveness of policy Cash.

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Brosephs, if I had ANY updates,  I'd come running here Teddy Brosevelt. Please believe me,  Brohemian Rhapsody,  I can't actually wait to see all of those zeroes added to my bank account, Broman Empire.

 

Listen Bromancing the Stone,  it's only a matter of time,  Banana Broat. We are almost home free,  the Bro must go on. 

 

Edited by Master Oogway
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17 minutes ago, Master Oogway said:

Brosephs, if I had ANY updates,  I'd come running here Teddy Brosevelt. Please believe me,  Brohemian Rhapsody,  I can't actually wait to see all of those zeroes added to my bank account, Broman Empire.

 

Listen Bromancing the Stone,  it's only a matter of time,  Banana Broat. We are almost home free,  the Bro must go on. 

 

Nice Abroham Lincoln!

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57 minutes ago, Master Oogway said:

Brosephs, if I had ANY updates,  I'd come running here Teddy Brosevelt. Please believe me,  Brohemian Rhapsody,  I can't actually wait to see all of those zeroes added to my bank account, Broman Empire.

 

Listen Bromancing the Stone,  it's only a matter of time,  Banana Broat. We are almost home free,  the Bro must go on. 

 

 

39 minutes ago, cranman said:

Nice Abroham Lincoln!

You guys are killing me. I need a little BROmo Seltzer.

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  • 3 hours ago, ChuckFinley said:

    Another Thug News Post

     

     

     

    Specialized: minted coins serve internal business transactions

     

    مختصان: النقود المسكوكة تخدم التعاملات التجاريَّة الداخليَّة 

     

    Monday 26 August 2019 

     

     
     
    There have been recent parliamentary voices calling for the reintroduction of coins (coinage) and reintroduction into circulation, as well as reconsideration of the project to delete the three zeros from the Iraqi currency, at a time when economists regarded it as part of the great economic reform process in the country.
     
     
    Strategic Plan

    Economist Dr. Essam Mohamed Hassan said that "the Central Bank decided earlier to develop a plan to create coins as part of a restructuring plan that requires the approval of the House of Representatives as a strategic plan will contribute to support system' target='_blank' style=">support system" rel="">support the value of the Iraqi dinar in trading
    "The change of currency means that a new currency replaces an old currency, with a specified replacement rate, and removes the zeros of the old currency or moves the decimal places to the left," he said, adding that "part of the restructuring plan of the currency and banks involves the creation of coins for trading." Financial support system' target='_blank' style=">support system" rel="">support for the national economy. "
    Hassan said that "the coin project, launched in 2004 did not succeed because of the absence of comprehensive economic reforms to support system' target='_blank' style=">support system" rel="">support the financial value of the dinar in the global market," explaining that the coins will be one of the important intermediate currencies that will be used for trading and transactions.
    "Deleting zeros and reintroducing coins has to do with economic reforms because coins, because of their durability, are longer than coins that are quickly damaged," he said. In 2004, "indicating that this requires the dissemination of a culture to educate the public about the economic feasibility of the minted currency."
     
    Delete the zeros
    Dr. Abdul Hussein Al-Ghalbi, an economist at the Faculty of Business and Economics, University of Kufa, said: "The process of changing the currency is not limited to deleting zeros, but it can be done by adding a number of zeros or moving the decimal places to the right, as happened in South Africa in 1961, but the situation Prevailing over the past 50 years in most countries is the elimination of zeros because of the hyperinflation witnessed by many countries, which obliges to add zeros to their currencies in those circumstances, and then get rid of zeros at the end
    Al-Ghalbi stressed that "changing the currency does not affect productivity, as well as that this change does not affect the purchasing power of money, because the power comes from the increased demand for money against the money supply, and as long as the purchasing power does not change, the demand for currency and money supply They do not change, because deleting zeros does not entitle monetary institutions and the central bank to print more money and pump it into
    Economy".
    Al-Ghalbi added that "the central bank is constrained by the existing cash in the replacement process, while foreign trade will not be affected as the price of exports will continue itself unchanged, as well as import payments are not affected because foreign exchange is in foreign currency against domestic, which remains unchanged because The purchasing power of a currency
    do not change".
     
    Multiple benefits
    "Changing currency and deleting zeros brings multiple benefits, including the fact that changing the currency leads to more efficiency for the local currency by reducing the number of zeros," he said.
    Public".
     He said that "after the change of currency will occur a serious reduction in the volume of transactions with less amount of money, which facilitates all parties to deal with, especially
     Accountants. "
     
    Monetary deception
    Al-Ghalbi said that "currency change reduces the phenomenon of monetary deception experienced by the people with a large number of zeros that push towards the generation of inflationary pressures, and the currency change signals to the local community and international markets that the government is serious in removing inflation, and the economy is heading towards a new beginning empty Of inflation
    Untamed. "
    He added that "currency change leads to greater confidence in local currency and credibility, and when there are a large number of zeros in the local currency people lose their confidence, especially those with transactions in wholesale markets and importers, as they will replace the local currency with stable international currencies such as the dollar or the euro, which deepens The phenomenon of dollarization in the domestic economy, which weakens monetary authority and reduces the effectiveness of policy Cash.

    Nice article Chuck! I'm surprised that there's not more comments discussing  it.

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درآمد صادرات برق و گاز ایران در آمریکایی ترین بانک عراق

According to an agreement in July this year, Iran's electricity and gas exports to Iraq will be deposited at TBI Bank, which is the largest US bank in Iraq.

Speaking to Mehr reporter in a conversation with Mehr reporter, referring to the recent agreement between Iran and Iraq in July this year on the transfer and use of Iranian gas and electricity export earnings, he said: According to the agreement formed between Iran and Iraq Iran's electricity and gas exports are deposited at TBI Bank, Iraq's most American bank.

He declared the bank under the influence of the US Treasury Department and continued: Acceptance of this agreement by Iran means acceptance of the US Treasury influence on Iran's export earnings.

According to Hajilo, according to the agreement, Iran cannot receive cash from its electricity and gas exports, though the limitations of this agreement do not end there, but it should be said that Iran backs this deal. The only source of income is permitted to buy food and medicine; the restriction of Iran's trade in food and medicine is precisely the goal of the US economic sanctions. The issue of sanctions was to be resolved with the agreement of Iran and Iraq, but not only was it not resolved, but with US intervention and weak Iranian negotiations, we agreed that sanctions should be implemented in Iraq. These conditions are even worse than the conditions in Intex.

Referring to Iraq's role in the economic boycott of Iran, Hajilo said: "Iran has accepted such an agreement that Iraq needs Iranian electricity and gas to supply a third of its electricity." To get through the tough sanctions era, Iran must tie its economy to neighboring countries as much as possible and prevent US involvement in bilateral relations with its neighbors. This requires that state officials first understand the importance of neighbors, and second, that they have active and robust financial and economic diplomacy with neighbors.

He stressed that unfortunately, in this agreement, the US became the guardian of Iraq and Iran and the two countries only in areas that the US would allow the US to influence Iran's banking system. , Can have economic exchanges. In such circumstances, it would be better for Iran to withdraw from the agreement as soon as possible and recognize Iran's willingness to buy goods so that it can buy the goods it needs, including sanctions, such as gold and so on. Also, an Iraqi or Iranian bank other than TBI should be responsible for Iran-Iraq interactions.

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9 hours ago, Gypsygirl11 said:
  • Nice article Chuck! I'm surprised that there's not more comments discussing  it.

I know what you mean. People might get back on board here after the first of September.

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38 minutes ago, 6ly410 said:

 

HASHTAG   Sign whatever they’re offering. 

😁😁

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1 hour ago, ChuckFinley said:

I know what you mean. People might get back on board here after the first of September.

I actually take this as a sign that we are almost there.... Most of the Dinar community has lost hope or given up. It’s always darkest before the dawn... This may end up being a Non-event (meaning no media attention, no fanfare, just a rate change and tons of moving parts behind the geo political landscape.) We go to the bank, OSI etc. and quietly sail off into the sunset ;)

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