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

[Spartakus]

Alack

[DinarThug]

Smart ...

 

19 minutes ago, Spartakus said:

Alack

 

     

[DWS112]

3 hours ago, DinarThug said:

Before the printed dinar was new (sulfoned)

Index of Patents Issued from the United States Patent and ...

Novel polymer compositions based on sulfonated ionomers and amine ... 
Arrangement for dispensing sheets from a store thereof, for example bank notes.

 

[Spartakus]

Dinarthug, do you know for sure that the document mentioned that Alak's last day at the CBI is July 15?

[DinarThug]

I’m Bumping This To The New Page !

 

3 hours ago, DinarThug said:

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

 

 

 

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.

 

                                 

link

 

     
 

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

2020-07-07

  

  

  

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.

 

                                 

link

[Donziman]

So where's the good news. It's ok for the US to keep printing more money

because there are so many dollars spread around the world nobody feels

the effect.Also oil is traded in petro dollars(same as dollars) so we actually 

have a float sitting in tanker ships. The more money printed the less the actual

value. Iraq is not even international. When they print more money the value of the dinar goes down..

[DinarThug]

On 6/18/2020 at 1:17 AM, DinarThug said:

Comments By Delta .......

 

 

I DID READ THE DOCUMENTS IN ARABIC ...ALAQ WILL STAY AND WILL HAVE THE FULL POWER OF CBI... BUT ONLY UNTIL07/15/20..........LIKE I SAID ON THE PAST CC.........THEY NEED HIM UNTIL RI IS DONE.....SO IMO.......RI SHOULD TAKE PLACE IN BETWEEN ........AMAZING......GAME OVER...

 

DELTA

 

8 minutes ago, Spartakus said:

Dinarthug, do you know for sure that the document mentioned that Alak's last day at the CBI is July 15?

FWIW, On Page 11 Of The Hopium Thread - There’s A Post By Delta Where He Had Translated The Documents Pictured In The Article ...

 

     

[Gypsygirl11]

Fingers crossed....lower denominations

[Happy Man]

When you have a deficit as a country, you either have to borrow money or print new money. I think thats what the Iraqi are doing printing more money to cover their deficits. All countries with fiat currencies do that.

 

I dont think its related to an RV. in fact its not such a good news as it lowers the potential RV price

Edited July 7, 2020 by Happy Man
More information in my response

[Spartakus]

Thank you, DinarThug!

[DinarThug]

1 hour ago, DinarThug said:

 

 

     

 

 

     

[dinarham]

1 hour ago, Engine1 said:

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. 

                                                                                                                                                                                                                                                                Engine1,  The 50's were printed and then withdrawn over 10 years ago . Dinarians know that when the smaller denominations are released it's rv time . If 1 dinar is worth less than one tenth of a penny and a 25k note is worth less than $25 dollars , can you imagine how worthless a $20 would be  ?` 

[Engine1]

1 minute ago, dinarham said:

                                                                                                                                                                                                                                                                Engine1,  The 50's were printed and then withdrawn over 10 years ago . Dinarians know that when the smaller denominations are released it's rv time . If 1 dinar is worth less than one tenth of a penny and a 25k note is worth less than $25 dollars , can you imagine how worthless a $20 would be  ?` 

Well I hope my smaller ones are still good.

[Theseus]

2 hours ago, DinarThug said:

 

 

 

     

There is a saying: if it weren't for the arseholes then the little shitzs wouldn't be around.

[3n1]

19 minutes ago, dinarham said:

he 50's were printed and then withdrawn over 10 years ago . Dinarians know that when the smaller denominations are released it's rv time . If 1 dinar is worth less than one tenth of a penny and a 25k note is worth less than $25 dollars , can you imagine how worthless a $20 would be  ?` 

 

back when the 50 iqd was withdrawn they were fetching 4 cents each , most probably didnt even mess with it 

20 iqd has a value of .017 ..... c'mon iraq u can do better today 

25,000 iqd = 21 usd 

10,000 iqd = 8.40 usd 

500 iqd = 42 cents 

250 iqd = 21 cents 

Im tired .................... cheers

[jmartin1145]

1 hour ago, Gypsygirl11 said:

Fingers crossed....lower denominations

I swear. I am not trying to flirt. But you have one of the prettiest avatars.

[GregHi]

 

1 hour ago, jmartin1145 said:

I swear. I am not trying to flirt. But you have one of the prettiest avatars.

She sure does!!

 

Those of us that use actual pictures of ourselves for our aviators, get compliments all the time..

 

Edited July 8, 2020 by GregHi

[Theseus]

2 hours ago, 3n1 said:

 

back when the 50 iqd was withdrawn they were fetching 4 cents each , most probably didnt even mess with it 

20 iqd has a value of .017 ..... c'mon iraq u can do better today 

25,000 iqd = 21 usd 

10,000 iqd = 8.40 usd 

500 iqd = 42 cents 

250 iqd = 21 cents 

Im tired .................... cheers

XChange of America is out of IQD at this time. They also raised the price per million 25K notes by 80 dollars. 1,000,000 IQD 25K uncirculated notes can now be bought for $1,160 USD. To sell them back to XchangeofAmerica is $862 per million.   

Edited July 8, 2020 by Theseus

[DinarThug]

GregHi

• Senior Member
• 
• Members

 

53 minutes ago, GregHi said:

She sure does!!

 

Those of us that use actual pictures of ourselves for our aviators, get compliments all the time..

 

’Aviators’ - Or Perhaps The Real Word ‘Avatars’ ...

 

 

Ok, He Might Not Be That Bright - But At Least That ‘Pretty Boy’ Clooney Got One Thing Right ...

 

 

B*tch ! I Look Stone Wicked BadA$$ Fabulous - While ‘Raking In’ At Least 2 Of Them Compliments !  

 

 

After My 3 Hours Of Super Heavy Makeup ...
 

 

Following At Least A Couple Of Hours Of Major Bondo Prep ...
 

     

[DinarThug]

The banking system is in front of the task of proving existence

 

Wednesday 08 July 2020
 

 

Baghdad / Al-Sabah

 

 

Focusing on creating a solid financial sector that supports economic development activities after the penetration of the Corona pandemic and its negative effects, represents the most important steps for the banking system during the coming period, to create competition that strengthens financial products that support the national economy and finance production and service projects, and the demand for financial benefits will rise After coming out of the current crisis. 
The specialist in the financial affairs, Wahbi Al-Khaffaf, stressed the importance of "concerting all efforts to cross the current crisis in a manner that does not have significant negative effects on the financial sector and the beneficiary citizen, especially after the global financial sector was affected by the Corona pandemic and its negative consequences on the volume of sales around the world and the resulting From a significant drop in profits. "

 

Financial benefit

 

He added, "It is likely that bank customers will begin to seek financial aid, and encourage the Central Bank of Iraq to help them in providing multi-type loan initiatives with the help of Islamic and conventional banks."

And that "the reduction of interest came in support of national products in order to reduce foreign imports. The Iraqi Central Bank must also consider delaying loan installments for projects related to tourism, hotels and restaurants as a result of the stoppage of its business over the past period due to the Corona pandemic, especially since the banking system is aware of the importance of the tourism sector in The country, and its need for financial support, as this joint represents the permanent oil. " 

 

Productive sectors

 

He pointed out that "the banking system in the country must have a significant role in supporting the productive sectors, and here it is necessary to coordinate highly with the banking sector in the Iraqi Central Bank, as the central bank has a lending initiative in support of more than one sector, but it needs to organize more to achieve Its goals, which were found for it, and we all realize the need of many real industrialists and farmers for sums of money to develop the productive base in the country, which requires the efforts of all parties to advance them and achieve the highest levels of benefit for the country. "

 

The financial institution

 

He stressed that "the mission of the financial institution in the country for the coming period requires more effort that must be accompanied by developing performance and adopting the best banking systems in the world, and here promotes competition among all banks that lead to the multiplicity of products that serve the economic sectors of different production and service, and here We can reach the financial sector to its real goal, which works to reduce the negative effects on the national and family economies. "

It is reported that the banking system is busy with the issue of a new coronavirus (COVID-19). Borrowers and companies face job losses, slower sales and lower profits as the virus continues to spread throughout the world.

LINK

[DinarThug]

The private sector is the focus of building the national economy

 

Wednesday 08 July 2020
 

Baghdad / Imad of the emirate

 

 

The call to encourage the private sector represents the first policies required to be adopted to contribute to building the national economy, in view of the need for local capital, on the one hand, and not to rely entirely on oil imports, which sometimes do not meet Iraq's needs for financial allocations to achieve economic growth, on the one hand Other.

 

private sector

 

Dr. Ahmad al-Rawi, a specialist in economic affairs, stressed the "necessity of the private sector's participation in the construction process, after the state remained the main dominant of all economic activities."

The narrator added to "Al-Sabah": "To achieve this, the necessary legislative and institutional frameworks should be issued to encourage and attract private national investments, especially fleeing national funds. Therefore, the Investment Law No. 13 of 2006 and its amendments is a basic step in creating the appropriate investment climate so that investment can be encouraged to achieve economic reform." Through a greater role for the private sector. "

He continued, "Since Iraq was not prepared to receive private investment, especially foreign, it is necessary to carry out a series of economic and legal policies that help in creating an investment environment that encourages the national investor and gives full confidence to ensure his rights through a number of measures, the most important of which is the need for a national framework of laws and covenants that constitute the ground. To attract investments, as well as an institutional framework to receive and encourage the movement of investments in the country and provide all the required support

 For their development. "

Investment activities

 

The narrator called for "adopting reforms in policies and procedures regarding investment activities due to the multiplicity of investment circles in state ministries, which often intersect with their policies towards investment promotion," noting "the necessity of reviving national financial markets and increasing awareness of the importance of investing in securities in order to encourage private savings" And turn it into meaningful investments in Productivity sectors ".

Al-Rawi stressed that "the development and rehabilitation of the banking sector to be compatible with the movement of investment and dealing with international financial institutions, as government banks still dominate the banking capital represented by Rafidain and Rashid banks, as government banks account for 90 percent of banking activity." 

 

Funding problem

 

And between the narrator, "The private sector in Iraq has faced obstacles in the forefront of which are the problem of financing and allocating resources, in addition to the inadequacy of the investment climate, which created a lack of confidence in making large national investments with the dominance of the public sector on major economic activities."

He explained, "The options were limited in obtaining financing through public financial and banking institutions and across the Iraqi market for securities, due to the difficult conditions set by these banks, which often prevented the private sector from being able to meet them, in addition to the weakness of non-banking institutions."

 

Bank financing
 

He stated, "It is known that a good financial and banking sector provides a favorable environment for savers and investors and encourages the growth of investment opportunities and helps to develop organized work in private economic institutions, which facilitates monitoring the performance of their departments and encourages institutional development to openness and transparency in corporate management, but the banking system despite the importance Its institutions, he was unable to create an enabling environment to revitalize the private sector due to the restrictions and procedures followed in the activity of these financial institutions, as they follow the state and its policies.

LINK

[GregHi]

1 hour ago, DinarThug said:

GregHi

• Senior Member
• 
• Members

 

 

’Aviators’ - Or Perhaps The Real Word ‘Avatars’ ...

 

 

Ok, He Might Not Be That Bright - But At Least That ‘Pretty Boy’ Clooney Got One Thing Right ...

 

 

B*tch ! I Look Stone Wicked BadA$$ Fabulous - While ‘Raking In’ At Least 2 Of Them Compliments !  

 

 

After My 3 Hours Of Super Heavy Makeup ...
 

 

Following At Least A Couple Of Hours Of Major Bondo Prep ...
 

     

I was hoping my buddy thug nutz would chime in.. we all cant be so purdy.. Being so attractive, sometimes you have to Cover up by wearing a ton of makeup just to fit in..

[Gypsygirl11]

10 hours ago, jmartin1145 said:

I swear. I am not trying to flirt. But you have one of the prettiest avatars.

You just made my day! I'm feeling a little old and krickety right now,  so thank you LOL

For some reason I am drawn to Kentucky. Beautiful state. Horse country 

[Gypsygirl11]

11 hours ago, Happy Man said:

When you have a deficit as a country, you either have to borrow money or print new money. I think thats what the Iraqi are doing printing more money to cover their deficits. All countries with fiat currencies do that.

 

I dont think its related to an RV. in fact its not such a good news as it lowers the potential RV price

I agree with you .  Just trying to keep some hopium  going .

10 hours ago, jmartin1145 said:

I swear. I am not trying to flirt. But you have one of the prettiest avatars.

You just made my day! I'm feeling a little old and krickety right now,  so thank you LOL

For some reason I am drawn to Kentucky. Beautiful state. Horse country 

[DinarThug]

LINK

Oil slips, US stocks rise Sparks supply fears

 

8th July 2020
 

Oil prices fell on Wednesday, as data in the sector showed an increase in US crude inventories, which adds to concerns about oversupply as high incidence of Corona virus infection in the United States and other regions casts doubt on the recovery in demand for fuel

By 0642 GMT, Brent crude futures fell 11 cents, or 0.3 percent, to $ 42.97 a barrel. US West Texas Intermediate crude futures fell 11 cents, or 0.3 percent, to $ 40.51 a barrel, to sit in the limited range in which they moved in the past few weeks

Corona cases exceeded three million cases in the United States until Tuesday, as more states announced monitoring record numbers of new cases

The data of the American Petroleum Institute revealed that American crude stocks increased last week against expectations of a decline, although gasoline stocks and distillate products fell more than expected

The US Energy Information Administration said on Tuesday that it is expected that US crude production will decrease by 600 thousand barrels per day during the current year, which is a decrease of less than 670 thousand barrels per day in previous forecasts

But it also expected global oil demand to recover by the end of 2021