Guest views are now limited to 12 pages. If you get an "Error" message, just sign in! If you need to create an account, click here.

Jump to content

Adam Montana Weekly 14 October 2020


Recommended Posts

  • Replies 54
  • Created
  • Last Reply

Top Posters In This Topic

Top Posters In This Topic

Popular Posts

Good morning everyone!   Today looks to be a long but exciting day in my world, and a good part of it IS because of Iraq.   Some housekeeping real quick - I'll be sending out an em

I’m voting for this one to come true soon.

I had a dream last night. Went to the bank. Met the banker lady. I told her "I need some financial advice. I took a risky investment, that looks like it will pay off.".....first time I had an actual d

Posted Images

4 hours ago, Adam Montana said:

I can't wrap this up without a shout out to this thread:

 


:o 

 

:D  :D  :D 

 

Central Bank: a decline in the accumulated quantities of foreign currency


Wednesday 14th October 2020 - 08:14

608ce6ec62b99475f594ca629255b2d9.jpg

Baghdad - conscious

 

The Governor of the Central Bank of Iraq, Mustafa Ghaleb Makhaif, suggested that foreign reserves in the bank would decline due to the increase in import financing and the decline in dollar revenues from the Ministry of Finance.
 
"The decline in the global price of oil and the reduction in production in Iraq, based on the OPEC agreement, led to a decrease in crude oil revenues and thus the dollar amounts that were the Ministry of Finance," he told Al-Sabah. It sells it to the Central Bank of Iraq in exchange for the Iraqi dinar, which it uses to finance its expenditures locally. " 
 
The governor added, "This led to a decline in the accumulated quantities of foreign currency at the central bank, in addition to the process of discounting the securities issued by the Ministry of Finance, for the purpose of bridging the deficit witnessed by the government in financing its spending, especially the current spending by the Central Bank of Iraq for the benefit of government banks."
 
He noted, “Most of the current spending will turn into a consumer demand that ultimately represents a demand for the US dollar, and with the central bank meeting this demand to finance imports, foreign reserves are expected to witness a decline in addition to the decline resulting from the decrease in oil revenues if the current data do not change. ".

LINK

  • Thanks 4
  • Upvote 9
Link to post
Share on other sites
10 hours ago, Adam Montana said:

To our news posters - we were making sure we didn't post duplicates,

but that seems to be happening a bit more often.


What If It’s From The Ministry Of Redundancy Ministry ? :o 
 

image.gif.ab51784613e9bf2643e7dbb97cbe56cd.gif

Weegie Lewis Chairman ...

 

:D  :D  :D 

  • Haha 10
Link to post
Share on other sites

The Central Bank presents its vision for reforming the banking sector

Thursday 15 October 2020 130

The Central Bank presents its vision for reforming the banking sector
 
 Baghdad: Hazem Muhammad Habib
 
 
A few days ago, the Central Bank of Iraq put forward a vision to reform the reality of the banking sector in the country to strengthen the financial stability system based on competition.
The governor of the bank, Mustafa Ghaleb Makhaif, told Al-Sabah that “the future vision for the work of the Central Bank of Iraq is centered in light of the economic crisis through the goals it seeks to achieve and specified under its amended Law No. 56 of 2004, the most important of which is (ensuring the stability of domestic prices And the promotion of a stable financial system based on competition), to continue achieving the strategic objectives set out in the 2016-2020 plan. ”
The governor explains, “In order to do so, the bank recently proposed the terms of the reform paper for the banking sector, which has been initiated now, because of its importance in developing banking services and products in the next stage, and through it the banking sector will be supported to advance its current reality. Of the specific criteria adopted by the bank and on the basis of which the operating banks were classified, ”indicating that“ this classification will be reviewed by the end of this year, and this will continue for the following seasons. ”
The governor of the Central Bank says: “This step comes within the framework of strengthening confidence in the banking sector and improving the quality of services provided to the public, as well as enhancing competitiveness in the Iraqi banking sector.” Their conditions and the payment of their customers' dues, ”stressing that“ this classification will be an opportunity for these banks to prove their seriousness in achieving the requirements of reform and pay the dues of depositors and shareholders owed by those banks
  • Thanks 1
  • Upvote 5
Link to post
Share on other sites
On 10/14/2020 at 11:13 AM, Pitcher said:

Iraq’s Economy is 95% oil so hopefully we can get the CV under control and get things going again.  Here is an article I didn’t see posted. 

https://oilprice.com/Latest-Energy-News/World-News/Iraq-Proposes-New-Jointly-Managed-Oil-Company-For-Kurdistan.html

 

Thanks for bringing this article Pitcher ... :salute:Ron

  • Like 1
  • Thanks 3
Link to post
Share on other sites
On 10/14/2020 at 3:15 PM, Longtimelurker said:

You can add me to that group😁

Absolutely Longtime  :partyhat:

 

 

The more the merrier 

On 10/14/2020 at 3:43 PM, new york kevin said:

Born in February , I can celebrate my b-day in October !

Done!!! The more the merrier NYK 🥳

  • Thanks 1
Link to post
Share on other sites
On 10/15/2020 at 12:08 PM, 6ly410 said:

The Central Bank presents its vision for reforming the banking sector

Thursday 15 October 2020 130

The Central Bank presents its vision for reforming the banking sector
 
 Baghdad: Hazem Muhammad Habib
 
 
A few days ago, the Central Bank of Iraq put forward a vision to reform the reality of the banking sector in the country to strengthen the financial stability system based on competition.
The governor of the bank, Mustafa Ghaleb Makhaif, told Al-Sabah that “the future vision for the work of the Central Bank of Iraq is centered in light of the economic crisis through the goals it seeks to achieve and specified under its amended Law No. 56 of 2004, the most important of which is (ensuring the stability of domestic prices And the promotion of a stable financial system based on competition), to continue achieving the strategic objectives set out in the 2016-2020 plan. ”
The governor explains, “In order to do so, the bank recently proposed the terms of the reform paper for the banking sector, which has been initiated now, because of its importance in developing banking services and products in the next stage, and through it the banking sector will be supported to advance its current reality. Of the specific criteria adopted by the bank and on the basis of which the operating banks were classified, ”indicating that“ this classification will be reviewed by the end of this year, and this will continue for the following seasons. ”
The governor of the Central Bank says: “This step comes within the framework of strengthening confidence in the banking sector and improving the quality of services provided to the public, as well as enhancing competitiveness in the Iraqi banking sector.” Their conditions and the payment of their customers' dues, ”stressing that“ this classification will be an opportunity for these banks to prove their seriousness in achieving the requirements of reform and pay the dues of depositors and shareholders owed by those banks


The reforms have been applied. 
This was a strong statement. 
Thanks 6LY on da flo. 

  • Like 3
  • Thanks 1
  • Upvote 1
Link to post
Share on other sites
5 hours ago, Rochester said:

I had a dream last night. Went to the bank. Met the banker lady. I told her "I need some financial advice. I took a risky investment, that looks like it will pay off.".....first time I had an actual dream about the RV. :peace::flagsmiley::bananacamel:

Me 3 Hoping this comes to fruition....👍👍🙏🙏😁😁.

 

GO RV & RI

  • Thanks 2
  • Upvote 1
Link to post
Share on other sites
Just now, NEPatriotsFan1 said:

Wouldn’t that make it “Me Three”? 😂😂

Oops 

 

18 minutes ago, tigergorzow said:

Me 3 Hoping this comes to fruition....👍👍🙏🙏😁😁.

 

GO RV & RI

looks like Tigergorzow beat me to that joke... sorry for the duplicate 

  • Thanks 1
  • Upvote 1
Link to post
Share on other sites
2 hours ago, NEPatriotsFan1 said:

Wouldn’t that make it “Me Three”? 😂😂

 

2 hours ago, NEPatriotsFan1 said:

Oops 

 

looks like Tigergorzow beat me to that joke... sorry for the duplicate


So Now Wouldn’t That Make It A Six Pack ? :o 

 

image.jpeg.bb74312b7516853351699842eedc29df.jpeg

 

:D  :D  :D 

  • Haha 3
  • Upvote 1
Link to post
Share on other sites
30 minutes ago, DinarThug said:

Btw - What Do Coors Light And ‘Making Luv In A Canoe’ Have In Common ? :blink:

 

image.jpeg.8e60da0458e1420866d2d1e67653d422.jpeg

 

They’re Both F’ing Close To Water ! :o 

 

:D  :D  :D 

That's an old Pearl light joke! 😁

  • Haha 1
Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.
Note: Your post will require moderator approval before it will be visible.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

Loading...
  • Recently Browsing   0 members

    No registered users viewing this page.




  • Similar Content

    • By Adam Montana
      Hey hey, happy Sunday!
       
      Things are still cruising along nicely. In addition to everything else I could share, I decided to just pick one topic... OIL.
       
      The HCL, or "Hydro Carbon Law", is a key element in Iraq's eventual ReValuation of their currency exchange rate.
       
      In simple terms... when they finalize the agreement on how the profits will be shared, via the HCL, we are either past the RV date or it's a different kind of "soon", like immediately or tomorrow.
       
      OIL was at $61.53 when I did my last update.
       
      I stated then that we only really need OIL to be in the $40+ range for the logistics of the RV to work, so $61.53 was very encouraging.
       
      Do you know where OIL is right now?
       

       
       
      💥 BOOM!!! 💥
       
      This stuff isn't rocket science, and you don't need me to explain the simple stuff... so let's move onto something more fun.
       
      I'm going to share something I posted in our OSI section, in response to a news story regarding the Seychelles (Africa).
       
      We have some amazing stuff in VIP/OSI, fyi! The resources we have are the cumulative results of over a decade of planning, networking, researching, extensive world travel, and more.
       
      Our VIP group here IS the premier group to be in when the Dinar RVs... I've got a hundred stories about situations like these.
       
      Anyway, a member shared a story and the street in the photo was very familiar... it brought me back to a special time:
       
      ======= my response below ========
       
      I love that photo... it looks exactly like the street I was stranded on at around 8 AM in the morning on my first trip to the Seychelles.
       
      I say "stranded" because I am an early riser, I was jetlagged, in dire need of coffee, and my hotel didn't have coffee available that morning when I was looking for it around 6AM.
       
      It was an $800 per night hotel.
       
      I wasn't too upset, because I figured I'd just go find a coffee shop and be closer to my destination and all would be good.
       
      Turned out, none of the coffee shops in that little town open till 10AM.
       
      !!!!!!
       
      I was bedraggled, jetlagged, tired, in desperate need of coffee, and asking strangers where in the heck do I get some coffee, and one of the strangers I spoke to told me (again) that no coffee shops in Victoria, Seychelles, would be open until 10AM.
       
      But he had an espresso machine in his office, and I could come with him.
       
      My appreciation at that time could not have been greater, and I followed him up to his office. He made the most amazing espresso I've ever had in my life, and as my head cleared around 8:30AM our conversation drifted to our plans for the day.
       
      Turns out, my 9 AM meeting, downtown Victoria Seychelles, was closer than I thought.
       
      This angel who had given a stranger some much needed caffeine was actually the exact person I was meeting first that day.
       
      Pure magic, if you ask me.
       
      I bought a similar espresso machine when I returned home, and our business relationship also ended up being pure magic.
       
      Some things are just meant to be, I guess.
       
       
       
      ======= / end of post =====
       
      I'm serious - I have a hundred similar stories, where things just lined up in our favor and you can call it luck or whatever you want, but the fact of the matter is we have some amazing connections.
       
      I can't tell you when the RV will be, but I can tell you exactly where you want to be when it happens...
       
      https://dinarvets.com/forums/index.php?/store/category/1-vip-membership-packages/
       
      I can't tell you when BTC will hit $100,000 either... but I told you when it was below $600 that it was a good investment.
       
      I can only "tell" you things so many times... and I certainly don't want to try to convince you to do anything you don't want to do.
       
      BTC is still a good investment, even at the current price of ~$50,000 per BTC.
       
      The IQD is still one of my favorite "high potential" speculations.
       
      And VIP is definitely where you want to be, now, before the crypto market explodes even more, and before the IQD RVs.
       
      Choice is yours, of course!
       
      That's all for now... happy Sunday, and 
       
      GO RRRRRRVVVVV!!!!!
       

    • By Adam Montana
      Happy Sunday, everyone!
       
      I'm tagging this "Adam Montana Weekly", even though the updates are no longer weekly, just to keep them showing up in the same searches for your convenience.
       
      Also, I don't have a lot to say... but I wanted to check in so you all didn't think I'm abandoning you! I'm just incredibly busy with some new projects in my life that have taken me away from the computer.
       
      I'm very thankful for the reprieve from the computer screen, my eyes and my back have been screaming at me the last couple of years.
       
      It was time for a change. 
       
      With that said, I'm still in daily communications with all of my dinar contacts. I still get my usual briefings from the important people on dinar. And I'm still 100% ready to drop everything and give you all of my time when this RV happens.
       

       
       
      The last time I touched on the price of OIL was quite a while ago - I was optimistic even though oil prices were only at $40ish.
       
      Where are they today?
       

       
      $61! Which happens to be above where we need them to be for a launch of the RV. I don't need to say more on that topic.
       
      In GOI news, Iraq is muddling through the final stages of the Budget. We don't need the Budget to be complete before an RV, but a "happy agreement" between the Kurds and Baghdad will do a lot to grease the wheels.
       
      You can keep up with the current Budget proceedings in this thread, where our tireless @yota691 has been keeping everyone up to date.
       
      I know it can be a bit painful to try to decipher the articles, so I'll give you the elevator summary:
       
      Things are going well. There is a current discussion on "raising the price of the dollar", which would be bad for Dinar, and the overall sentiment is that they publicly do NOT want to "raise the price of the dollar". (That's a good thing for us!) Part of the reason is due to the current favorable price of oil.
       

       
      And, of course, none of that matters when the HCL goes through. It's been pretty quiet on the HCL front, which is part of why I've taken a break on posting.
       
      When the HCL comes, we have an RV either already announced or just around the corner.
       
      Until the HCL is done, we wait patiently.
       
      Personally, I'm staying the course.
       
      In other news... LGD made a pretty compelling argument in this thread for taking a serious look at Silver.
       
      BTC (we discuss this a LOT in the VIP Crypto section) is experiencing one of the best buying opportunities we've seen in a while, and maybe the best we will ever see again.
       
      While we've been waiting for the RV, many millions have been made in other areas... I encourage everyone to not tie all of their hopes and dreams to one windfall. I have no doubt that we will reap the dinar windfall, but why miss all the other opportunities while we are waiting on the RV? 
       
      See you in VIP.  
       
       
       
      Go Iraq... Go Dinar...
       
      GO RRRVVV!!!!!!!!!
       
       
    • By Adam Montana
      Good afternoon-evening, all!
       
      This has been a roller coaster of a week for so many sectors... I know some of you are here for "Just the Dinar News, sir.... just the dinar news".
       
       
       
      I'll start with IQD. There is talk - and I'll leave it to you to research this, because I have 17 articles on my notepad that would really only cause confusion - but there is TALK that Iraq isn't able to use USD anymore.
       
      Or they won't be able to, or they shouldn't, or whatever.
       
      Listen, this is a fundamental issue, and anyone that's followed me for any amount of time should know that I am here because of the fundamentals.
       
      If Iraq is currently unable to use USD (that's not entirely the case at the moment, but follow along) then they couldn't conduct auctions, they couldn't trade anywhere that uses the USD (that's everywhere), and they would basically fall into absolute poverty and die of malnutrition.
       
      Does that sound like a serious possibility? 
       
      Of course not... so let's get back to the fundamentals.
       
      Iraq has a majority of the OIL in the world.
       
      There's no way in heck that the WORLD will just pretend that oil isn't there.
       
      There is NO WAY that they can't use their resources to "buy in" to anything they want.
       
      So... what's with all this talk about Iraq not being able to use USD?
       
      I'll answer.
       
      It's an idle threat, but a promising one.
       
      It means Iraq has one more reason to up their game, Iraq has yet another reason to RV, and the world has one more reason to accept the "NEW" rate, even if it surprises everyone.
       
      Even if the analysts and the advisors and the bunches of panelists and "experts" say "OMG they shouldn't/can't/won't" do that!
       
      It doesn't matter what those talking heads say.... it's going to happen when it happens, and we are ready and here!
       
      On a side note... I hope you caught some of these crypto gains that many of us are rolling in!
       
      Sorry this update was late - I've had a ton going on this week, some of which has been rolling my crypto profits into other deals and just having a blast doing it all.
       
      Life is good, friends! See you in VIP  
       

       
       
       
    • By Adam Montana
      Good afternoon, beautiful people!
       
      Budget: All you need to know about it is here:
       
       
      What that doesn't tell you is that the Budget doesn't have to have the rate. The Rate also does not need to be included in the Budget!
       
      That's not to say that the Budget doesn't matter - it does!
       
      But what really matters is the satisfaction of the Kurds... and that, my friends, is happening very nicely.
       
       
       
      In fact, it's happening more than just "nicely" - check this one out:
       
       
       
      I don't have much more to say on it than that... it's a "wait and see" game right now.
       
      Wait for the RV, then see you on an island!
       
       
       
      BITCOIN - making it's way back up there. I haven't had this much fun in ages! Hope you're with us in the VIP Crypto section!
       
      Our Weekly Powerball Pool is HERE. Join us!
       
      Go BTC. Go Iraq.
       
      GO RRRRVVVVVVV!!!!!!
       
       
       
    • By Adam Montana
      Howdy howdy! Happy Wednesday, good people of DinarVets!
       
      We have some questions from the thread I posted yesterday - I'll get to those in a minute.
       
      Just in case you missed these comments from last week... check these out: ONE and TWO. 💥
       
      HCL is such a key component right now. In fact, 98% of this RV hinges on when and how the HCL is finally completed...
       
      ... and with things like that coming out, you know we aren't far now!
       
      Crypto - BTC is down to 30,900 as I type this. But those of us in VIP already saw that coming... and we have insight on what is happening next.
       

       
      Here's the questions that were posted yesterday:
       
       
      Although both are tragic and unfortunate, I see no impact from either of those.
       
       
      Bwahahaha  
       
       
       
      Haha! Thanks Snatcher  
       
       
      In regards to an RV, I say it signifies nothing. Iraq has always tried to plead poverty and defer payments and anything else they can do - just like we would expect any other country to do.
       
      The payments are in dollars, not Dinars.... this means that after they RV, it will be easier for them to repay. In fact, it makes sense to stall payments until after the RV if possible, because they will effectively pay less that way. Or at least have more to pay with, but I don't think their payment schedule will change for them. It's just better for them all around that way.
       

       
       
       
      That's a great observation, and I think it's 100% in Iraq's favor! Anything that drives the price of oil up, and does not take away from Iraq's ability to produce and export their own product, is good for Iraq. This is one such example.
       

       
       
      Eventually, yes. After.
       
      The timing for an RV is good now. The timing, technology, etc for converting to digital isn't quite there at the moment.
       
       
      Oy vey  Tricky tricky!
       
       
      Not at all. The EU doesn't control the world, Iraq (and the other countries on that map) have other avenues to move money.
       
       
      I think you can guess my answer already after reading the links to the articles Thugs posted. We are so close to the apex of this I simply can't imagine it not popping soon, one way or another!
       
       
      One of my biggest objections to the possibility of a true Global Currency Reset is that when you break it down, it ends up looking like socialism. There would be winners and losers in that situation - if all currencies were made equal, that implies that all debts would be erased. Who does the US owe their national debt to? And are they just going to agree to wipe that debt out? That's just one example of a major roadblock in the path to a "Global" currency reset.
       
       
       
      I'm not saying I see no possible variations of the concept, but I do not believe a Global Reset is possible without WWIII and one ultimate winner who then controls the entire planet under one ruling entity. 
       
       
       
       
      Funny question there... no amount of money will solve their problems! That won't stop them, though! 
       
       
      See above!
       
       
       
      What "IQD Rates - Updates" are you referringing to?
       
       
      No, but some countries are requiring tests before you're allowed to mingle.
       
       
      You're going to have to give me a link - I could run around the internet trying to figure out exactly what you're referring to, but if I find the wrong article I'm going to give you the wrong answer.
       
       
      Gotta give me more to work with than that. Which pile of money are you referring to?
       
       
      I'm mostly in agreement there! It certainly could be done simultaneously with the Budget, but that doesn't mean it has to be done simultaneous... 
       
      .... however, the timing certainly is good. I'm hopeful.
       
       
      == = = == = == = == = = == = == == = 
       
      Lots of good stuff, my friends!
       
      Stay positive, stay healthy and happy, Go Iraq, and 
       
      GO RRRRVVVVVVV!!$!!$!!$!!
       
       

  • Testing the Rocker Badge!

  • Live Exchange Rate

×
×
  • Create New...

Important Information

By using this site, you agree to our Terms of Use.