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A "Serious" Note From Specialists And Interested In The Money Market .. Has Iraq Resorted To Printing The Currency ?

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CNN. Broadcasting While Yelling - Start The ‘LD’ Presses !

 

A "serious" note from specialists and interested in the money market .. Has Iraq resorted to printing the currency?


2020-07-07
 

image.jpeg.7ec95ca2be677be2eaf973f856f6bbc0.jpeg
 
 

Yassin Iraq: Baghdad


 

A page dedicated to currencies and exchange-rate monitoring posed a serious question looming over “printing the currency”.

The page wrote a post that was monitored by "Yassin Iraq" as well as some comments, which I indicated through the continued pumping and delivery of banks "new currencies", in a sign that raises the question of whether there is a printing of the currency without a cover of gold that threatens inflation and the loss of its value,which is the option that was previously It was proposed by some economists and government officials to address the economic crisis.

The post stated: “Before the printed dinar was new (sulfoned), we would only see it at the beginning of each new year, and after that it disappeared. This year, we entered the seventh month, and the banks distributed all new !!!”

Some comments wrote a different opinion stating that the new edition is based on the foundations of withdrawing the old and damaged currency, and printed an alternative to it with the same value.

 

%D8%B5%D8%AB%D8%B1%D8%B5%D9%82%D8%AB%D8%                 %D9%82%D8%AB%D9%84%D8%AB%D9%82%D9%84%D8%                %D9%8A%D8%B1%D8%A4%D8%B5%D8%AB%D9%8A%D8%

link

 

Edited by DinarThug
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So is this something amazingly great like I think, or I just don't know any better and choose not to remove the rose colored glasses?  Anyone smarter than I am please chime in!

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These would be the lower denominations , $20's , $50's and $100's ?   

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7 minutes ago, ASUMama said:

Anyone smarter than I am please chime in!


I Just Put Some ‘Rally’ Crayons In My Nose ! :o 

 

Kid with crayons stuck up his nose.

 

:D  :D  :D 

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Thanks Thugs!  I knew there were much smarter than I on this board.  I've always known you were one of them!

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12 minutes ago, ASUMama said:

Thanks Thugs!  I knew there were much smarter than I on this board.  I've always known you were one of them!


And Notice How I Went Went With The Red And The Green For ‘Christmas In July’ ! :o 

 

Kid with crayons stuck up his nose.
 

Clearly A Highly ‘Strategic’ Move ...
 

:D  :D  :D 
 

Edited by DinarThug
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1 hour ago, DinarThug said:

This year, we entered the seventh month, and the banks distributed all new !!!”

Maybe the CBI Governer Alak will see things happen before he leaves on the 15th?

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50 minutes ago, DinarThug said:


And Notice How I Went Went With The Red And The Green For ‘Christmas In July’ ! :o 

 

Kid with crayons stuck up his nose.
 

Clearly A Highly ‘Strategic’ Move ...
 

:D  :D  :D 
 

 

Okay Thugs, you’re being a bit evasive as to where you put the “ Brown Crayon “ Time to come clean. 

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36 minutes ago, NEPatriotsFan1 said:

Hurry Up Iraq! 
 

I’ll even say it in Spanish if it helps! 
 

 

EB88A0B1-ED44-43BE-A1A8-A3E23D561908.jpeg

 What was the. Name of this cartoon rat anyway ? Normally I’m pretty good at this but today I seem to be suffering from a case of Cranial 🧠 Brain Pan Fartitis. 

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4 minutes ago, horsesoldier said:

 What was the. Name of this cartoon rat anyway ? Normally I’m pretty good at this but today I seem to be suffering from a case of Cranial 🧠 Brain Pan Fartitis. 

speedy Gonzalez? 

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24 minutes ago, horsesoldier said:

 What was the. Name of this cartoon rat anyway ?
today I seem to be suffering from a case of Cranial 🧠 Brain Pan Fartitis. 


Perhaps U Should Grab Some ‘Brown Crayons’ To Try And ‘Work’ It Out ! :o 

 

image.gif.9710cbb38496b9755ab75585061537f8.gif

 

At Least Before Speedy Gonzales And The Montezuma’s Revenge Hits ...

 

:D  :D  :D 

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2 hours ago, DinarThug said:

“Before the printed dinar was new (sulfoned)


I Just Posted Some Comments From MilitiaMan In The Hopium Thread On This ! :salute: 

 

 

FWIW, One Of The Things That He Picked Up On Was The Use Of The Word ‘Sulfoned’ - (Definition Below) ! ;) 

 

:D  :D  :D 

 

 

"Sulfoned copolymer and method for cleaning surfaces and / or preparing ... -C 18 , M is a hydrogen atom or a cation of the same definition as mentioned above, ..."

Sulfopolyesters for paper strength and process

Abstract
 
Sulfopolyester thermoplastic resins provide advantages in papermaking processes and in paper products including paperboard. Improvements in wet strength and dry strength of paper products are achieved by addition of sulfopolyester thermoplastic resins and cationic strength additives during the paper making process. The use of sulfopolyester thermoplastic resins in paper products also significantly enhances the repulpability of the paper.
 
Edited by DinarThug
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11 minutes ago, DinarThug said:

Sulfoned copolymer and method for cleaning

Yep use every night

every where

 

Clean as a whistle 

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With all this hopium news, looks like a dinar counting night which seems like I have done millions of times.

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My wife and I are at the lake sitting on the steps of the camper together and a bird flies by and poops on her hand. Of course I get a good laugh and then people are telling her its good luck and go buy a lottery ticket. So she does and guess what no winners. The very past weekend we are sitting same spot and a bird this time poops on my head, Im thinking this must be really good luck and so im hoping brings us all a little good luck with the dinar!  just wanted to share my good fortunes

 

Go RV

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6 minutes ago, patrick50 said:

My wife and I are at the lake sitting on the steps of the camper together and a bird flies by and poops on her hand. Of course I get a good laugh and then people are telling her its good luck and go buy a lottery ticket. So she does and guess what no winners. The very past weekend we are sitting same spot and a bird this time poops on my head, Im thinking this must be really good luck and so im hoping brings us all a little good luck with the dinar!  just wanted to share my good fortunes

 

Go RV

Sounds like you need to quit sitting on the steps of your camper. 

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7 minutes ago, patrick50 said:

we are sitting same spot and a bird this time poops on my head


:o 

 

image.jpeg.4c548453869a6c1988ef723fe2587315.jpeg

 

:D  :D  :D 

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On 6/18/2020 at 1:05 AM, DinarThug said:

CNN -  <  <  BREAKING CBI GOVERNOR NEWS  >  >  ....... 

By documents .. Al-Kazemi decides to keep Al-Fayyad and Al-Alaq in their posts


image.php?token=abca0256942e1f9eb477865852eae34c&c=6580067&size=
 

18th June, 2020

 

Prime Minister Mustafa Al-Kazemi decided, on Wednesday, to keep the head of the Popular Mobilization Authority, Faleh Al-Fayyad, the governor of the Central Bank, Ali Al-Alaq, and the director of the retirement board, Ahmed Abdul-Jalil, to continue working in their positions.
 

According to documents issued by Al-Kazemi’s office obtained by Al-Akhbariya, according to the approval of the Prime Minister, it was decided to continue assigning Faleh Al-Fayyad to continue running the affairs of the Presidency of the Popular Mobilization Authority.

In a separate document, it was also decided, and will continue, on the relationship to manage the affairs of the Governor of the Central Bank, as stated in another document, which decided to continue assigning Ahmed Abdel Jalil to conduct the affairs of the retirement board. 


image.php?token=e610efebf61f55ca27b227c989a4bb7f&size=xxlarge              image.php?token=c414b645264f92f223bd1a9ced414873&size=xxlarge             image.php?token=af89545b265273384f33dccc880facd9&size=xxlarge
 

 

1 hour ago, DWS112 said:

Maybe the CBI Governer Alak will see things happen before he leaves on the 15th?

 

1 hour ago, justchecking123 said:

Leaving?


The Documents Signed Last Month By Kazemi Keeping Alaq In His Position As CBI Governor - ‘Appear’ To Have An Expiration Date Of July 15th ! :o 

 

:D  :D  :D 

image.thumb.jpeg.a885c625c37e4fd4c4fa52c3265812aa.jpeg

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2 hours ago, dinarham said:

These would be the lower denominations , $20's , $50's and $100's ?   

Are these the lower denims you are talking about ? 

Sorry I am.only allowed 1.5 mgb to.post a pic. I guess it's to large of a file. I have the 50, 500 and 1000 but no 20 or 100. 

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Unfortunately that ending July 15 for Slack isn't in the translation. I know someone who reads Arabic said that there is an expiration date of July 15 for Alack to leave office, I hope that is the case.

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      A road map for solving the financial crisis
       

       

      a member of the House of Representatives, Muhammad Sahib al-Darraji, has proposed a road map to solve the financial crisis.
      Given that the economic and financial situation in Iraq has reached the bottleneck stage, there must be solutions applicable to the near and far ranges, and through some of the professional experiences gained in the areas of government executive and parliamentary legislative work, with accumulated experience from working in the private sector and touching the economic and service situation of the Iraqis at various levels. Here I would like to present a short-term road map to contribute to solving the financial crisis and protect the economy of the country must be followed by medium and long-term measures to reform the Iraqi economy and find a clear economic doctrine for Iraq that changes the form of spending and financial resources for the country in a manner commensurate with the societal nature and global ruling conditions for energy prices and the diversity of means Production.
      This plan is summarized as follows: -
      First: - The general budget
      1 - A simple budget for construction and installation must be submitted and approved for the remainder of the year 2020 showing the ruling real revenues and expenditures and what relates to these two items only and the ways of filling the resulting deficit and without touching on any other items.
      2 - Building a budget for the year 2021 on a sectoral basis and on a fixed oil price for the operational budget and a mobile for the investment budget, directing the budget for salaries, purchasing the ration and medicines, sterilizing water and the educational process only and listing items that encourage dependence on investment and the private sector to address other sectors so that these provisions govern the budget law All other laws and restrict them in favor of financing the unfunded sectors.
      3 - Providing the final accounts for the past years and validating them to know the deficiencies in financing certain sectors in exchange for extravagance in other sectors in order to create an economic balance between the service and productive sectors.
      Second: - The cash block:

      Withdraw the cash mass stored with the community and try to invest it in an investment through the following: -

      1 - Raise the interest rate for cash deposits in banks even if the monetary authority is forced to support the banks.
      2 - Establishing projects in which the state contributes a certain percentage and the rest is offered for subscription, especially in projects of city centers (dawn town) and major industrial projects such as petrochemicals (Nebras).
      3 - Offering some of the winning companies (or that could win by changing the management tactic) for subscription, such as the air navigation company, airlines, cement, fertilizers, and others.
      4- Selling oil coupons locally. At the prevailing price now and buying it a year later at the prevailing price then.
      5 - Building confidence between the state and the citizen by committing to pay interest and profits.
      Third: - Oil licenses
      1 - Negotiating to postpone the dues of oil companies or pay them in kind outside OPEC's share.
      2 - Evaluating company spending and reducing them to a minimum.
      3 - Re-negotiate in consensual ways with oil companies to improve the terms of contracts for the state when the oil prices drop.
      Fourth: - Legislative measures
      1 - Revoking the Coalition Provisional Authority's decision to ban the export of raw materials and the export of some materials such as gravel, sand, and others.
      2- Requiring the government to start licensing rounds to invest some mineral resources, such as phosphates, and others.
      3 - Preparing a new salary scale that takes into account the economic situation and achieves social justice and encourages the employee to leave the job with a set of privileges outside the framework of the job.
      4- Prepare a special bill to reduce all allocations granted under previous laws by a certain percentage.
      5 - Amending some transitional justice laws and laws that have concessions that are no longer needed.
      Fifth: - Governance and automation
      1 - The Ministry of Finance issues the e-dinar for the purpose of collecting government revenues and fees and what distinguishes them from being non-negotiable in the market as cash and thus we have reduced corruption in this aspect as well as the state's knowledge of the value of those imports quickly, to be issued by a government bank It is not done through private companies.
      2 - Encouraging and organizing electronic payment, obligating banks and institutions to electronic payment, and encouraging sales outlets in the private sector to use electronic payment devices without commissions and ensuring that their accounts are fed by the national exchange in the Central Bank daily.
      3 - The necessity of automating the ports and customs and linking them to any process of transferring the dollar or opening bank credits for the purposes of importing and controlling the border outlets and preventing militias and gangs from controlling them.
      Sixth: - Monetary policy
      A - The exchange rate
      1 - Begin to gradually reduce the Iraqi dinar price to reach 1500 dinars against the dollar until the end of the year 2020 and review the economic situation.
      2 - And then start another reduction up to 1,800 within 6 months.
      3 - Then we study the possibility of deleting the zeros, so we will end with a fixed price of 2 Iraqi dinars per dollar.
      B - Methods to address potential inflation and the effects of the devaluation of the Iraqi dinar so that this procedure is accompanied by the following steps: -
      1 - Increasing nominal salaries for grades five to nine and increasing the salaries of the social protection network by 12% to reduce the impact of potential inflation on the
       vulnerable classes .
      2 - Amending the currency selling mechanism to maintain the hard currency inside the country and that the dollar and other foreign currencies are sold and traded directly in the currency markets or through the stock market in order to get a real price of the Iraqi dinar against the US dollar and that the guarantor of the prices is the value of the available reserve The Central Bank of Iraq has hard currency.
      3- Government projects pricing in the investment budget in dollars and financing the exchange units budget for the investment budget in dollars.
      4- Setting an import platform, stopping some imports, controlling customs outlets, supporting the tax system and exempting the local product from income tax for a period of two years.
      5 - The state imports commercial foodstuffs into the market and injects it into the ration program in the event of high prices.
      6 - Supporting fuel for public transport, factories and irrigation projects, and giving high relative importance to the food industries.
      7 - Pumping a hard currency to the exchange markets to maintain the price level of the Iraqi dinar, which prevents price fluctuation due to possible speculation.
      8 - Activating the role of economic security and entering the relevant government agencies to control the cash rhythm in the currency market and the food market.
      Seventh: - State property
      1 - Liquidate unexploited government assets from real estate, buildings, vehicles, furniture, etc. by selling them or entering in investment partnerships
      2 - Selling overdated lands for those overruns at the same price to give a justification for recovering them from those who do not pay (and vice versa it cannot be recovered and ejecting the exceeders)
      Eighth: - The private sector
      1 - Increasing the credit ceiling of government banks to give loans.
      2 - Activating the central bank loan initiative and easing guarantees for industrial, construction and agricultural projects, while controlling payments and linking them to completion rates and opening credits to move the private sector.
      3- Finding ways through joint financing or external borrowing to finance government-funded projects and completing projects with
       high percentages .
      4- Reducing the restrictions of letters of guarantee and their expenses for ongoing unpaid advances due.
      5 - Displaying productive projects for the purpose of investing them by the implementing agencies in exchange for completing them and entering the service.
      6 - Moving the housing fund and real estate bank loans to move the construction sector that withdraws unemployment as it is the largest
      employer sector .
      7- Increasing taxes on imported commercial products and reducing them from imported raw materials to encourage the national product.
      https://alsabaah.iq/ 
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