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
  • CRYPTO REWARDS!

    Full endorsement on this opportunity - but it's limited, so get in while you can!

Thursday Midnight Opinions - CST - 1/13/2022


ronscarpa
 Share

Recommended Posts

Remember, no one really  knows what will happen, or when. They're simply stating their opinions based on what they perceive to be happening in Iraq... :twothumbs:RON 

 

 

*** Militiaman  [a member] of the Board of Directors for the GCC states it's time to adjust the exchange rate and enhance the national currency of the Iraqi dinar against the dollar.  You can't make that up.  It's what the people in the region are talking about...

 

*** Mnt Goat  There is not much more to say about the reinstatement (A.K.A. RV).  We are pivoting right at the window now. We know that the plan is to shortly conduct the project to delete the zeros and them follow up with the reinstatement on to FOREX…finally. Nobody really knows the exact timing. I have not heard anything currently that is holding it up... There is not much more I can tell you at this time except the citizens in Iraq are absolutely being told that the currency redenomination will happen in the next days. We all know what this means. I am VERY excited!

 

*** Kaperoni   Kuwait didn't [RV] and there is a significant difference [between the Iraq dinar and Kuwait dinar situations]... Kuwait has around forty billion dinar in circulation and Iraq has over 100 trillion.

 

 

:salute:

  • Like 1
  • Thanks 7
  • Upvote 2
Link to comment
Share on other sites

***Kaperoni   Kuwait didn't [RV] and there is a significant difference [between the Iraq dinar and Kuwait dinar situations]... Kuwait has around forty billion dinar in circulation and Iraq has over 100 trillion.

 

I didn't know there were 100 TRILLION DINAR in circulation.   How high can they possibly make the rate with so many in circulation?  This does not look so promising, after learning this.  Can they even make the rate 10 cents?

 

I just looked this up for comparison:  "There is about $1.2 trillion dollars of U.S. currency in circulation."

  • Thanks 1
  • Upvote 2
Link to comment
Share on other sites

M1

M1 money supply includes coins and currency in circulation—the coins and bills that circulate in an economy that are not held by the U.S. Treasury, at the Federal Reserve Bank, or in bank vaults. Closely related to currency are checkable deposits, also known as demand deposits. These are the amounts held in checking accounts. They are called demand deposits or checkable deposits because the banking institution must give the deposit holder his money “on demand” when a check is written or a debit card is used. These items together—currency, and checking accounts in banks—make up the definition of money known as M1, which is measured daily by the Federal Reserve System. Traveler’s checks are also included in M1, but have decreased in use over the recent past.

Link to comment
Share on other sites

I think we should go by the M0 Money Supply, rather than M1:

 

M0 refers to the most liquid form of money: cash. That includes central bank notes and coins. MB refers to the base money supply from which banks can extend the money supply. In addition to M0, that also includes central bank deposits, which can't be used to pay anyone other than banks.
 

 

Money Supply M1 23445.00 23328.00 IQD Billion Nov/21
Money Supply M0 105937.00 103963.00 IQD Billion Oct/21
Money Supply M2 137856.00 133901.00 IQD Billion Oct/21
Cash Reserve Ratio 13.00 13.00 percent Sep/21
Link to comment
Share on other sites

1 hour ago, Floridian said:

I think we should go by the M0 Money Supply, rather than M1:

 

M0 refers to the most liquid form of money: cash. That includes central bank notes and coins. MB refers to the base money supply from which banks can extend the money supply. In addition to M0, that also includes central bank deposits, which can't be used to pay anyone other than banks.
 

 

Money Supply M1 23445.00 23328.00 IQD Billion Nov/21
Money Supply M0 105937.00 103963.00 IQD Billion Oct/21
Money Supply M2 137856.00 133901.00 IQD Billion Oct/21
Cash Reserve Ratio 13.00 13.00 percent Sep/21

M0 includes central bank reserves which is not in circulation. 

  • Thanks 1
Link to comment
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...
 Share

  • Recently Browsing   0 members

    • No registered users viewing this page.


  • Similar Content

    • By ronscarpa
      Remember, no one really  knows what will happen, or when. They're simply stating their opinions based on what they perceive to be happening in Iraq... RON 
       
       
      *** Frank26  Article: "State of Law:  We Will Not Allow The Budget To Pass Without Changing The Dollar Exchange Rate". What!?! Holy guacamole!  ...That would be Kazemi talking to parliament.  Quote: "The general budget for the current year will not be passed in Parliament in the event that the dollar exchange rate continues as it at the present time" ...the CBI said if you're not ready parliament, we are not waiting for you.


      *** Mnt Goat   ...There is nothing but good articles this period once again reinforcing the notion that Iraq must do something with their currency revaluation and do it very soon...There is so much news about the necessity to change the exchange rate of the dinar against the dollar to a higher rate to reflect the TRUE value of the dinar...
       
       

    • By ronscarpa
      Remember, no one really  knows what will happen, or when. They're simply stating their opinions based on what they perceive to be happening in Iraq... RON 
       
       
      ** Frank26   Article:  "Opening a branch of the first Iraqi bank in the UAU"   Dubai banks do not deal in used toilet paper...notice all these CBI private banks are opening around the world but not a single one is open yet...all of these baby banks from the CBI are sprouting out just like we told you.  We call them satellite banks.  They're all over the place now...

       
      ** Kaperoni  I've been saying the same thing for years and guess what? I am right!  Until Iraq has a parliament and passes the significant economic laws needed for foreign investment, forms a new government oh, and build an economy away from oil there will be no change in the exchange rate.

       
      ** MilitiaMan  Article: - the headline is 'Releasing Money'. They have quite a bit of outstanding frozen assets that are out there.  It's been a long time coming.  We have been told over the years that there's a significant amount of money...Interpol talked about upwards of about $180 billion and there's been other comments in respect to upwards of $500-$600 billion in assets around the world...that's astronomical if they call that money back and put that towards their bottom dollar it could definitely support their Real Effective Exchange Rate...the timing of this all coming out at this stage is phenomenal.

       
      ** Nader From The Mid East   I got good news for you this morning.  The president of the CBI sent a letter to the government talking about the rate to be changed, but there's no decision made yet.  When we say rate change you know rate is not going to be 1 to 1 first day...it's going to float for a long time...it's going to be tough to be 1 to 1...Iraq paid a lot of things I know but we still owe money to 12 countries ...the UN took us from Chapter 7 yes.  We are out from the black list on the European Union...they are working hard.  They are doing a lot of things.

       
      ** Petra  We're seeing a lot of major things happening within Iraq...it surprised us that an article that came out...they said they are [having] discussions... [about] funds that could be repatriating back to Iraq that were either stolen from Iraq or have been on hold in accounts on behalf of Iraq until they go out of Chapter VII.  If those funds are coming back, oh my goodness it could really impact...the free cash flow that would be available to help them build their infrastructure and build the country and bring in the secondary markets...that's a lot of money and there's a reason why they held that out this long...
       
       

    • By ronscarpa
      Remember, no one really  knows what will happen, or when. They're simply stating their opinions based on what they perceive to be happening in Iraq... RON 
       
       
      *** Frank26   [Iraq boots-on-the-ground TV Update] FIREFLY: The television has the finance experts saying that Iraq's credit rating has been lifted up after paying off Kuwait.  FRANK:  You see the articles didn't tell you that.  FIREFLY: And Iraq has a new budget that will help produce economic gains for our country like never seen before.  They saying reconstruction and growth will abound in Iraq and the White Papers plan will flourish.  FRANK:  As you get closer to the government being seated, the Iraqi citizens are now saying give me what you promised me - A new era.
       
       
      *** Clare  [Comment: The CBI is saying they are not waiting for Parliament if they are not ready.] THE CBI CAN ACT INDEPENDENTLY IF THEY SO CHOOSE TO ON THE EXCHANGE RATE...  FRANK26 HAS EXPLAINED THEY WANT TO BE “SHOULDER TO SHOULDER”… THIS WILL GIVE CONFIDENCE IN FRONT OF THEIR PEOPLE TO RELEASE THE NEW EXCHANGE RATE…BUT WHEN IS “ENOUGH IS ENOUGH?” THAT WILL REMAIN TO BE SEEN AS WE CONTINUE TO WATCH THIS ROLL OUT. IMO
       
       

    • By ronscarpa
      Remember, no one really  knows what will happen, or when. They're simply stating their opinions based on what they perceive to be happening in Iraq... RON 
       
       
      ** Kaperoni  Article: "Economist: The Government has no justification to continue to raising the dollar exchange rate"  Quote: "...oil prices and financial abundance make it imperative for the next government to take measures to reduce the exchange rate...Iraq has all the financial capabilities and qualifications that necessitate a reduction in the exchange rate especially after the compensation of Kuwait's completion and the rise in oil prices..."  an article about reducing the exchange rate...They're talking about bringing it back to what it was a year ago that's 1170 to $1. There is no RV. This is only "Kap's opinion" as to what they mean when they speak of reducing the exchange rate. Time will tell and we shall see..! RON 

       
      *** Nader From The Mid East  If anything happened it's not gonna be 1 to 1...it's gonna be between 800 and 1000 and then it's gonna float.  Then it's gonna take some time, maybe 6 months to get up to $1.50 - $3.00...be happy.  It's going to happen.
       
       

    • By ronscarpa
      Remember, no one really  knows what will happen, or when. They're simply stating their opinions based on what they perceive to be happening in Iraq... RON 
       
       
      *** Frank26   [Iraq boots-on-the-ground TV Update] FIREFLY: They're talking on news Channel 1 saying it is time to open and adjust our exchange rate.  Then they say when the government is finished sitting itself...we're going to have purchasing power...they're saying the official seating of the government will be in March.  FRANK:  What they mean is the complete GOI.  Right now what's important is that we get the cabinet which we got in parliament sitting...the GOI by the end of March - this has nothing to do with what we're looking for.

       
      *** Kaperoni  ...There are a lot of Articles...about changing the exchange rate. Yes, they are talking about it.  They want to bring it back to what it was just a year ago around 1170.  There is no RV.
       
       

  • Testing the Rocker Badge!

  • Live Exchange Rate

×
×
  • Create New...

Important Information

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