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Iran or Iraq? (resurrect dinar)
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Hey bro, here is something I got from an article...it's a small info but carries a big message: This isn't something I said. I took this bit of info from an article: If the rial indeed is configured to be close to a dollar, Iran will likely resurrect the dinar.
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Following last year’s depreciation of the rial and in a bid to ease the financial burden on Iranian households, the government initiated a policy of massive subsidized foreign currency grants to import essential foods. As as I said this says exactly who is controlling the exchange rate...
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Subsidized foreign exchange major cause of econ chaos June 28, 2019 A Tehran economist says Iran’s economic turmoil is heavily the result of grossly distorted policies on subsidized foreign exchange. Writing in the economic daily Donya-e Eqtesad (Economic World), Hamid Azar-mand says the use of subsidized foreign exchange to import food—the commodity for which more than half of subsidized foreign exchange is used—meant that foreign food was imported at prices below the local cost of production, which both drove farmers’ revenues into the ground and chewed up foreign exchange that could have been used much more usefully on other goods. Following last year’s depreciation of the rial and in a bid to ease the financial burden on Iranian households, the government initiated a policy of massive subsidized foreign currency grants to import essential foods. The dollars used for this purpose are sold to importers for 42,000 rials while on the open market the dollar now sells for about 130,000 rials. Azarmand said this policy, unlike what the government had expected, failed to lower household expenses and also plunged the country deeper into recession—a double whammy of harm. “Data provided by the Islamic Republic of Iran Customs Administration show that last year, imports of maize, rice, soybeans, soybean oilcake and raw vegetable oils increased, in terms of weight, by 23%, 24%, 17%, 13% and 23% respectively compared with the year before”—all huge jumps that didn’t reflect consumption requirements. “The country became overwhelmed with products whose importers received subsidized foreign currency from the government, thanks to the fat profit margins involved in their imports,” he said. “The rise in imports of essential goods is, in fact, synonymous with a decline in domestic production. The allocation of subsidized foreign currency with a rate much lower than that of the market boosted imports rather than local production. That is, at least in part, to blame for last year’s recession,” he said. Azarmand stressed that constant changes in foreign exchange market rules and regulations as well as the list of banned exports left exporters and producers confused. “Under the circumstances, exports at rates higher than those in the domestic market could have helped production and prolonged the survival of domestic manufacturers. They were deprived of this opportunity, thanks to export bans and restrictions,” he said. It should also be noted that the great surge in food imports came when the government was denouncing the US banking restrictions, saying they blocked Iran’s access to foreign banks and prevented Iran from importing food and pharmaceuticals. But when food imports were rising by more than a fifth, Iranian importers obviously didn’t have any problem with US banking restrictions.
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Dadfar said the cars’ prices are to be adjusted in accordance with changes in the foreign exchange rate a
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Gov’t caves in; gives out licenses to imported cars July 19, 2019 A two-year tussle between Iranian auto importers and government officials is coming to a close, with 7,500 imported vehicles finally receiving licenses to hit the roads. Many in the government want to ban imported cars, especially luxury vehicles. They got such a ban put in place two years ago. But 7,500 cars ordered before the ban arrived at Iranian customs after the ban was announced. The police refused to give them licenses. The importers, mostly wealthy, raised a stink. The secretary of the Iran Auto Importers Association (IAIA), Mehdi Dadfar, has announced that the cars that have gathered dust for two years will all receive licenses now, IAIA’s website reported. “With the help of government agencies, license plates are to be issued for these vehicles,” he said. In the past two years, auto imports were banned, reinstated and banned again while a scandal unfolded in which government officials were accused of facilitating the illicit import of luxury vehicles. Despite the ban, illegal car imports continued for months. Following a public outcry, the Majlis launched an inquiry that uncovered much illicit activity. Dadfar said the cars’ prices are to be adjusted in accordance with changes in the foreign exchange rate and “buyers need to settle the difference between the current rate and what they paid two years ago.” In the summer of 2017, the dollar was selling for 38,000 rials. Now it is around 130,000 rials. So buyers now will have to pay 3.4 times as much for those cars.
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Majlis researchers say don’t scrap US$ July 19, 2019 Iranian politicians of all political stripes have appeared eager for a decade to scrap the dollar, with most preferring to rely on the euro, the yen and the yuan for international transactions. But the Majlis Research Center (MRC) has come forward now to say that is a bad idea that might further hurt the Iranian economy. The report said such an action would actually serve to make US sanctions more punishing for Iran rather than less. In an analytical report on the costs and benefits of draft legislation outlawing the US dollar, the MRC said that, while the dollar holds only a small share in Iran’s foreign exchange market, it is still the dominant currency globally and a credible unit for converting other currencies. The report said that outlawing the dollar would “certainly be harmful and create major problems for the forex market.” The research office said the market volatility caused by dumping the dollar would extend to other markets, such as gold, housing and autos, adding to the economic turmoil that afflicts Iran. Banning the buck is uncalled for because it also would deprive the country of some trade opportunities “by imposing internal limits on foreign trade and adding to the existing overseas hurdles that local businesses are grappling with.” The legislative staff experts said, “Dumping the dollar would expose the forex market to a variety of problems given the broad functions” of the global reserve currency. It would be in line with the US sanctions [and not against it].” The bill is so far backed by more than 50 deputies, or more than one-sixth of the Majlis membership. It would outlaw “all transactions, both by the private sector and government, using the [US] dollar.” It also says that after the law comes into force “the US dollar will be considered contraband,” which suggests that mere possession of a dollar bill could put the possessor in jail. The MRC said Iran’s foreign trade is now dominated by the Chinese yuan, euro and the UAE dirham. Since June of last year, sales of foreign exchange on NIMA, the official exchange were importers are told to buy their foreign exchange, shows the dirham accounted for 28.11 percent of the currency sold followed by the yuan at 26.32 percent and the euro at 26.27 percent. The US dollar accounted for 10.15 percent of the traded currencies—though that is probably far greater than many in Iran would expect given the regime’s furious campaign against the dollar—and the fact that US law does not allow Iran to deal in the dollar. For example, the Trade Ministry in March 2018 banned all import orders based on the US currency to encourage non-dollar trade. The MRC report doesn’t endorse dollar trade, but argues that future measures to promote non-dollar trade should be pursued by means other than a crude ban. The report lauds the part of the bill that obliges the Foreign Ministry to use “economic diplomacy” to promote non-dollar transactions across the globe.
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Iran to delete 4 zeroes from the national currency
navira replied to yota691's topic in Iraq & Dinar Related News
This isn't something I said. I took this bit of info from an article: If the rial indeed is configured to be close to a dollar, Iran will likely resurrect the dinar. -
Exactly... -
If the rial indeed is configured to be close to a dollar, Iran will likely resurrect the dinar. this statement really tells us that Iran is in control over Iraq.
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Thxs Ron. Seems even the odd Guru is getting on board. Cheers, pp -
Just got off work.... How are the Bro's doing tonight??
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Who is the best to purchase physical gold or silver from
pokerplayer replied to new york kevin's topic in Off Topic posts
Do you remember a poster called the machine ? He was heavy in to metals. He told me about Apmex. American Precious Metals Exchange. Checked it out and it was great. I bought on numerous occasions both large and small orders. Never once did I have any issues. Check them out and you can decide. Me personally ? I give 5 Stars Hope this helps. Cheers, pp -
8-17-2019 Newshound/Intel Dinar Investor - Jeff Article "Legal clarifies the decision of the Federal Court on the entry into force of Article 140 of the constitution". This article is confirming everything that I'm sharing with you...don't forget Article 140 was enacted back in 2005. This article tells you it has to be amended...this plus the HCL can only happen at the very end. This is telling you guys were at the end of this ride. There is no question. We know that for a fact...that means...you're waiting until the second half of September...we look really good. 8-17-2019 Intel Guru Frank26 ...on TV they are saying the Iraqi government is implementing reforms...to attract investment. To boost growth and infrastructure and wanting to create new jobs...they say this will change Iraq's economy...They even showed a video on this...news saying over 80% of citizens have cards now and will have over 90% in a short period of time...We are seeing more and more commercials on the electronic billboards today. Hear all about citizens using our new cards (Visa and MasterCard) at the new ATMs in commercials. This is all over town...Western Union says on Sunday that...Iraqi citizens can send the Iraqi Dinar outside of their country. 8-17-2019 Newshound/Intel Guru Mnt Goat Article: "NO CONFIDENCE VOTE ON MAHDI UNTIL AT LEAST SECOND LEGISLATIVE TERM" relax everyone. Mahdi is not going anywhere! -
That's the question: Who is the best to purchase physical gold and silver from ? Who actually sells you and ships the precious metal to you with the least cost over head. IE: Most minimal profit taking in terms of price over costs . Hope I am phrasing everything correctly. -
Thank You Yota . I cant see MOU's being signed without The United States having major influence . Iran might have given up alot to have an agreement with Iraq ? We shall see .Trump has put tremendous pressure in all directions on Iran . They have no choice but to bargain and accept terms -
A step in the right direction. At least its not 1400 or 1282 IQD per USD anymore. Still a long way away.
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d.v. lottery games for 8/16--8/17--2019
pokerplayer replied to jeepguy's topic in DV Weekly Powerballs.
Yeah for me !!! Thxs retiredaf pp -
d.v. lottery games for 8/16--8/17--2019
retiredaf replied to jeepguy's topic in DV Weekly Powerballs.
From Powerball-MegaMillions.com; POWERBALL RESULTS Saturday August 17th 2019 18 21 24 30 60 20 POWER PLAY: ×3 Congratulations 429! Your out-of-state numbers matched the powerball #20 plus one! And Congratulations to Poker Player and Wildeman! Each of you also matched the powerball! There were no other winning matches here tonight. -
Phalina joined the community
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Rupiah Token Issued IDRTB Stablecoin on Binance Chain
pacmen replied to blueskyline's topic in Foreign Currencies
Also I Don't Believe Once our Rupiah is Sent to Ethereum to Buy the Tokens before the Detection of the Zero it will be to late....lol.....I Hope -
Rupiah Token Issued IDRTB Stablecoin on Binance Chain
pacmen replied to blueskyline's topic in Foreign Currencies
Maybe this will Give us Advantage jump....What if we put Some of our Rupiah in the IDRT when We are Eligible in Late September....Four months later January 2020 is When they Suppose to Delete the Zeros Giving Us a Hedge....I Believe this Token is Going to be Huge with the Citizens Confirmed they are "Excited" with this New Token on Ethereum Blockchain Starting in September -
Dinar Trashing sums it up CF and plugging his own book .. Eventually the Dinar has to increase in value even if it is only to .10 cents because Iraq needs to trade viably with the rest of the world.. It really is now a matter of when?
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The Trouble with the Video Evidence in the Michael Drejka Case https://ccwsafe.com/blog/30962 Michael Drejka faces trial on Monday, August 19, for the fatal shooting of Markeis McGlockton. Drejka shot McGlockton a little over a year ago during an argument over a handicapped parking space at a Clearwater, Florida convenience store. The shooter claimed self-defense. Initially, Pinellas County Sheriff Bob Gualtieri declined to file charges, citing Florida’s “stand-your-ground” law. However, after an investigation -- not to mention public protests and broad national media coverage -- the State Attorney charged Drejka with manslaughter. Central to the trial will be the grainy surveillance video that captured the shooting. On the video, Drejka can be seen (but not heard; there is no audio) arguing with McGlockton’s girlfriend. McGlockton exits the store, sees the conflict, walks briskly towards Drejka and shoves him violently to the ground. Drejka sits up, retrieves a pistol holstered at his waist, aims, and fires a single round. McGlockton clutches his chest where he has been shot, lumbers back into the store, and collapses and dies at the feet of his five-year-old son. There is no question about whether a jury will see the video. They will. But a judge recently heard arguments about how much of the video jurors would watch. Prosecutors wanted to show jurors the video of McGlockton dying as his terrified son looked on. Drejka’s lawyer, John Trevena, fought desperately to keep it out, saying “it’s really not relevant, and it’s highly prejudicial.” The judge agreed, and the heart-breaking scene won’t be shown during trial. However, the defense and prosecution also disagree about the speed at which the video should be shown. Prosecutor Fred Schaub wants to show the video at a reduced speed. “Every sport,” he says, “slow motion video determines what actually occurred, what actually took place. Somebody can say, ‘he was doing this, he was doing that.’ You can see what actually occurred in slow motion video.” For the defense, Trevena says, “If it’s not real-time, then it’s not really representative of what occurred -- at least as the defendant perceived the events.” When Sheriff Gualtieri justified his original decision not to charge Drejka, he introduced a caveat. “As you can see in there, there is a pause,” he said, “even if it’s only for a couple seconds, there is a pause between the time Drejka hits the ground and he shoots. That pause gives me pause. That pause gives me some concern.” During that pause, which lasts less than two seconds, McGlockton steps back and turns slightly away. It gives Drejka what prosecutors call “time to reflect.” He had a moment to reconsider whether McGlockton posed an imminent threat before he pulled the trigger. At trial, jurors will put themselves in Drejka’s position and ask themselves what Drejka was thinking in that moment. Played at regular speed, that pause passes quickly. Played in slow motion, however, that pause seems to last much longer, giving the impression that there was more time to reflect. The judge sided with the prosecution; he’ll allow the video to be slowed when presented to the jury. Don West, veteran criminal defense lawyer and National Trial Counsel for CCW Safe, says that video can be a double-edged sword in a self-defense case. “The only thing the video can show is what it captures,” West says, “and video is often of poor quality, and it doesn’t always show the whole story.” That’s the case in the Drejka trial. The video is grainy. It doesn’t include audio. It only shows the shooting from one perspective, and it is not the shooter’s -- and now it won’t even be played at the speed at which the event happened. The prosecutor used a sports analogy to justify showing a slow motion version of the shooting at trial. It’s an instant replay. It sounds like Monday-morning-quarterbacking. The lesson for concealed carriers is that, if you are ever involved is a self-defense scenario, you could be Monday-morning-quarterbacked, too. Every action you made, whether shown frame-by-frame on video or revealed with forensic evidence, will be painstakingly analyzed. Being prepared to withstand such scrutiny means maintaining a high state of situational awareness whenever you carry. You must adopt a mindset that establishes that any use of deadly force must appear reasonable -- not just from your point-of-view -- but from practically any point of view.
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High-level Peshmerga Delegation to Visit Baghdad Soon BasNews 18/08/2019 - 02:10 http://www.basnews.com/index.php/en/news/kurdistan/540009 ERBIL - A high-level delegation from the Kurdistan Region's Peshmerga Ministry will visit Baghdad in the near future to discuss certain cooperative subjects, an official revealed on Saturday. Talking to BasNews, Babakir Faqe, a Peshmerga official from the ministry, said that the Peshmerga fighters' share from the Iraqi budget will be discussed during the meetings. The delegates with officials from the Iraqi Ministry of Defense will also exchange views on the security affairs in the disputed areas and Islamic State (IS) resurgence in the region, he added. They will also have talks on further cooperations in the disputed territories to ensure the stability in the area. The two sides, according to Faqe, have had several meetings before and they agreed on various subjects, while a number of issues have remained unsolved so far.
