Go Iraq Part 10

[6ly410]

ah ok thank u very much

[Arceo]

4 minutes ago, navira said:

That's how much money they need in relation to how much they need proportional to the budget...the higher the budget the less...vise versa

He is probably  just wondering what would cause the drastic change that hasn’t happened in what looks like. Ever. 

[navira]

I bet this is what those f##$^^ frankie n delta found n not wanting to share lmao.

[6ly410]

Lol

Edited December 28, 2019 by 6ly410

[6ly410]

2 minutes ago, Arceo said:

He is probably  just wondering what would cause the drastic change that hasn’t happened in what looks like. Ever. 

Exactly.. thx bro 

[navira]

I found frankies utube video n made comments...each time I made comments...that wife of his erased them lmao

[navira]

See u guys later...haven't been posting lately...just making money off of stocks n enjoying my vacay. Cheers all...happy New Year all in advance

[Thief]

3 hours ago, 6ly410 said:

https://cbiraq.org/SeriesChart.aspx?TseriesID=157

 

 

This is a time series chart for currency issued by CBI. It is a cumulative monthly value.......starting from 2004 (I assumed). 

 

Since it has cumulative values, it will always be a rising chart ~ up until Nov 2019, the values plumetted down to just 5 trillions dinars. 

So the question is: what causes the value to suddenly drop down to 5 trillion (from 50 trillion)? 

 Could cbi have been pulling out the 3 zeros notes, and only updated it now? Could be. 

 

I having a brain freeze. Need more time to think.  But what that shows is that suddenly there's only 5 trillion IQD out there...... 

[DinarThug]

4 hours ago, 6ly410 said:

this is huge bro  i need the experts to check this out maybe i am reading this wrong..

 

4 hours ago, navira said:

Lol..move along guys

 

4 hours ago, 6ly410 said:

what do you mean move along?

Aw How Cute - Are U Two Having Ur First Little Tiff ?  

 

 

     

[screwball]

4 hours ago, navira said:

I bet this is what those f##$^^ frankie n delta found n not wanting to share lmao.

My thoughts exactly...

[Half Crazy Runner]

8 hours ago, Thief said:

 

This is a time series chart for currency issued by CBI. It is a cumulative monthly value.......starting from 2004 (I assumed). 

 

Since it has cumulative values, it will always be a rising chart ~ up until Nov 2019, the values plumetted down to just 5 trillions dinars. 

So the question is: what causes the value to suddenly drop down to 5 trillion (from 50 trillion)? 

 Could cbi have been pulling out the 3 zeros notes, and only updated it now? Could be. 

 

I having a brain freeze. Need more time to think.  But what that shows is that suddenly there's only 5 trillion IQD out there...... 

 

Great questions!

I hope someone can answer these ...

[blueskyline]

Iraqi citizens could be finding out first hand . It is easier , safer and more convenient to live their financial lives through use of e commerce . Less need for physical cash day to day in the streets . The CBI looks to have been removing currency quite sometime . I remember years ago of many banks installing incinerators in their basements . Even some pictures were posted . Some of these banks had fires and they said the cause was electrical problems . Just recently some parliment members were demanding Alak to come forward with more information of a huge some of water damaged and destroyed  dinar . What strikes me is they posted this 5 trillion IQD now and without fanfare . To what I read years ago ? 4 Trillion is the number they wanted to reach . This could very well be a banking message to all involved  . Like a final countdown . We are about to launch (the economic and monetary reforms ).

[6ly410]

This could be a big deal more members are noticing this change.. let’s see cheers 

[Thief]

20 hours ago, Thief said:

So the question is: what causes the value to suddenly drop down to 5 trillion (from 50 trillion)? 

 

Now.....the interesting part, what does this means?? 

 

Let's just assume, the CBI data is correct (not a mistake). What that means is that 1 zeros has been 'removed' ~ (from 50 trillion to 5 trillion). BUT our 25,000 dinar is still worth 25,000 dinar!! 

 

If they delete another zero, the amount of IQD would be about 500 billion dinar (down from 5 trillion).

#As a comparison, Saudi Arabia (population: 32 million) has 1.18 trillion national currency in circulation. That is about double the size of dinar (if they were to delete another zero) 

 

The reason I'm doing the comparison with Saudi is because the number of their population is about the same. From that ~ we could make 'rough estimates' of how much local/national currency is needed to support Iraq's economy. 

So I'm estimating, Iraq needed at least 500 billion dinar to make their economy works. After all their economy is not that much diff from Saudi. 

 

Now...... even IF Iraq decide to LOP, they only need to just lop one more zero to bring the total amount of IQD to 500 billion dinar. 

IF that is the case, a LOP (delete one zero) will no longer be a neutral event for us, it will still be a great RV @ about 0.10 cents.

 

 

 

 

 

 

 

 

 

[screwball]

Rebalancing the books as per imf

[screwball]

In preparation for a sizeable fiscal adjustment let’s hope

[6ly410]

good morning 

[Gypsygirl11]

11 hours ago, Thief said:

 

Now.....the interesting part, what does this means?? 

 

Let's just assume, the CBI data is correct (not a mistake). What that means is that 1 zeros has been 'removed' ~ (from 50 trillion to 5 trillion). BUT our 25,000 dinar is still worth 25,000 dinar!! 

 

If they delete another zero, the amount of IQD would be about 500 billion dinar (down from 5 trillion).

#As a comparison, Saudi Arabia (population: 32 million) has 1.18 trillion national currency in circulation. That is about double the size of dinar (if they were to delete another zero) 

 

The reason I'm doing the comparison with Saudi is because the number of their population is about the same. From that ~ we could make 'rough estimates' of how much local/national currency is needed to support system" rel="">support Iraq's economy. 

So I'm estimating, Iraq needed at least 500 billion dinar to make their economy works. After all their economy is not that much diff from Saudi. 

 

Now...... even IF Iraq decide to LOP, they only need to just lop one more zero to bring the total amount of IQD to 500 billion dinar. 

IF that is the case, a LOP (delete one zero) will no longer be a neutral event for us, it will still be a great RV @ about 0.10 cents.

 

 

 

 

 

 

 

 

 

I like the way you think

[6ly410]

image deleted

[DinarThug]

1 hour ago, 6ly410 said:

good morning 

Says U - Still The Same Rate !  

 

     

[6ly410]

Covering the annual ceremony held by the Trade Bank of Iraq administration to honor distinguished employees for the year 2019

#The Iraqi Trade Bank

[6ly410]

images deleted

 

[6ly410]

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Edited December 31, 2019 by 6ly410

[6ly410]

images deleted

 

[6ly410]