Post From BondLadys Corner
BLC Admin Shredd Chat 4-19-16 Part 2 of 2
[SHREDD] finally some leverage to push Iraq into what they CAN do...move to a market-driven currency and start moving out of a dual currency economy which will take away sooooo much corruption and create transparency and fairness in trade. No longer falsely holding down their dinar, sure, it's not at a buck now but it sure as heck is stronger than a tenth of a penny!
[SHREDD] also, good to see a few days ago the push for getting a stronger credit rating as that increases, more investment opportunities at a lower interest rate will emerge which creates lending and then borrowing and then liquidity, it's all connected
[Splatyfish] so good to hear your input Shredd...Thanks!
[SHREDD] aw, thanks. I've never lost hope, I was just getting plowed at work and that has all normalized now for the most part so I'll have more time to jump in here.
~~~
BLC Admin Shredd Chat 4-19-16 Part 2 of 2
[SHREDD] finally some leverage to push Iraq into what they CAN do...move to a market-driven currency and start moving out of a dual currency economy which will take away sooooo much corruption and create transparency and fairness in trade. No longer falsely holding down their dinar, sure, it's not at a buck now but it sure as heck is stronger than a tenth of a penny!
[SHREDD] also, good to see a few days ago the push for getting a stronger credit rating as that increases, more investment opportunities at a lower interest rate will emerge which creates lending and then borrowing and then liquidity, it's all connected
[Splatyfish] so good to hear your input Shredd...Thanks!
[SHREDD] aw, thanks. I've never lost hope, I was just getting plowed at work and that has all normalized now for the most part so I'll have more time to jump in here.
~~~
[shunshine] Thank you Shredd for your input, glad to have you back. You've been missed. Thank you Ms. Timmy and our Bondlady for all you do for us.
[SHREDD] we are family
[shunshine] Yes we are
tlm724 ADD ON 09:37:55
[therealbubbie] The opening offers the sale and purchase of foreign currency in the window of the Central Bank of Iraq on 19/4/2016 and the results were as follows: Details Notes Number of banks 33 Number of remittance companies 22 Auction price selling dinar / US$ 1182 Auction price buying dinar / US$ ----- Amount sold at auction price (US$) 113,006,716 Amount purchased at Auction price (US$) ----- Total offers for buying (US$) 113,006,716 Total offers for selling (US$) -----
[therealbubbie] market price went fro 1285 to 1282 . big wow !
[therealbubbie] IQD/US$ 1,300 that from ... Rabee Securities (RS) was founded on January 7th 1995, and is headquartered in Baghdad. RS is licensed and regulated as Securities Brokerage Company by the Iraq Stock Exchange (ISX
[therealbubbie] shell game !!
[SHREDD] you got that right....easily manipulated in a falsely held down rate
[therealbubbie] SHREDD why do they have the dinar whats it's purpose!!
[SHREDD] it's got a huge purpose as soon as it gains a usable value. Before that, they had to redesign and republish with security features.
[SHREDD] they've been preparing, it will give the real-time purchasing power the iraqi people deserve as the value gains
[therealbubbie] as soon as it gains a usable value. taping my foot !!!
[SHREDD] value that represents goods and services, reserves, etc
[SHREDD] the politics have stalled for sure
[SHREDD] thanks timmy.... Finance Minister meets US Secretary of the Treasury
http://ift.tt/1XHIr3S
[tlm724] yqw but thank you emmaduke for posting it !
[SHREDD] Where he and US Secretary of the Treasury on the continued support of the United States to offer to Iraq directly in the framework of the international financial institutions, particularly with regard to reaching an agreement between Iraq and the International Monetary Fund on the standby credit arrangements, and its willingness to contribute to the loan guarantees,
[SHREDD] reaching an agreement between Iraq and the International Monetary Fund on the standby credit arrangements, and its willingness to contribute to the loan guarantees,
[SHREDD] Iraq is not bankrupt or in financial ruins, so why the support?
[SHREDD] they need backing and support arranged for moving to a new monetary policy, for moving to a float
[SHREDD] they are saying, hey we are being pushed in a corner and we gotta move on the float
[SHREDD] do we have your support while we do this
[SHREDD] we can anticipate and project local and global response but we can't see 100% of it
[SHREDD] they must have a strong, smooth transition
[therealbubbie] I had an uncle like Iraq always crying poor ... ! found out when he passed he was worth millions !!
[SHREDD] the entire banking structure needs the capital
[SHREDD] therealbubbie there are certainly those who don't want to move out of a manipulated rate for likely similar reasons
[therealbubbie] they must have a strong, smooth transition... like when they stopped the auctions the first time !!
[SHREDD] you know, that's a good thing to bring up, the premature stopping of auctions. Look what it showed everyone....they had not thought that one through
[therealbubbie] they had not thought that one through... and thats what scares me ... their stupid !
[therealbubbie] there are certainly those who don't want to move out of a manipulated rate for likely similar reasons// why? kickback baby !!!
http://ift.tt/1qXORl5;
[SHREDD] we are family
[shunshine] Yes we are
tlm724 ADD ON 09:37:55
[therealbubbie] The opening offers the sale and purchase of foreign currency in the window of the Central Bank of Iraq on 19/4/2016 and the results were as follows: Details Notes Number of banks 33 Number of remittance companies 22 Auction price selling dinar / US$ 1182 Auction price buying dinar / US$ ----- Amount sold at auction price (US$) 113,006,716 Amount purchased at Auction price (US$) ----- Total offers for buying (US$) 113,006,716 Total offers for selling (US$) -----
[therealbubbie] market price went fro 1285 to 1282 . big wow !
[therealbubbie] IQD/US$ 1,300 that from ... Rabee Securities (RS) was founded on January 7th 1995, and is headquartered in Baghdad. RS is licensed and regulated as Securities Brokerage Company by the Iraq Stock Exchange (ISX
[therealbubbie] shell game !!
[SHREDD] you got that right....easily manipulated in a falsely held down rate
[therealbubbie] SHREDD why do they have the dinar whats it's purpose!!
[SHREDD] it's got a huge purpose as soon as it gains a usable value. Before that, they had to redesign and republish with security features.
[SHREDD] they've been preparing, it will give the real-time purchasing power the iraqi people deserve as the value gains
[therealbubbie] as soon as it gains a usable value. taping my foot !!!
[SHREDD] value that represents goods and services, reserves, etc
[SHREDD] the politics have stalled for sure
[SHREDD] thanks timmy.... Finance Minister meets US Secretary of the Treasury
http://ift.tt/1XHIr3S
[tlm724] yqw but thank you emmaduke for posting it !
[SHREDD] Where he and US Secretary of the Treasury on the continued support of the United States to offer to Iraq directly in the framework of the international financial institutions, particularly with regard to reaching an agreement between Iraq and the International Monetary Fund on the standby credit arrangements, and its willingness to contribute to the loan guarantees,
[SHREDD] reaching an agreement between Iraq and the International Monetary Fund on the standby credit arrangements, and its willingness to contribute to the loan guarantees,
[SHREDD] Iraq is not bankrupt or in financial ruins, so why the support?
[SHREDD] they need backing and support arranged for moving to a new monetary policy, for moving to a float
[SHREDD] they are saying, hey we are being pushed in a corner and we gotta move on the float
[SHREDD] do we have your support while we do this
[SHREDD] we can anticipate and project local and global response but we can't see 100% of it
[SHREDD] they must have a strong, smooth transition
[therealbubbie] I had an uncle like Iraq always crying poor ... ! found out when he passed he was worth millions !!
[SHREDD] the entire banking structure needs the capital
[SHREDD] therealbubbie there are certainly those who don't want to move out of a manipulated rate for likely similar reasons
[therealbubbie] they must have a strong, smooth transition... like when they stopped the auctions the first time !!
[SHREDD] you know, that's a good thing to bring up, the premature stopping of auctions. Look what it showed everyone....they had not thought that one through
[therealbubbie] they had not thought that one through... and thats what scares me ... their stupid !
[therealbubbie] there are certainly those who don't want to move out of a manipulated rate for likely similar reasons// why? kickback baby !!!
http://ift.tt/1qXORl5;
Call for an extraordinary meeting Today at 8:09 am
April 19, 2016 Based on the constitutional powers granted to us under the provisions of Article 58, paragraph I of the Constitution and Article 28 of the Rules of Procedure of the House of Representatives invite the members of the Council to hold a special session on the repercussions of the crisis, the House of Representatives on Tuesday 19/4/2016 at two o'clock in the afternoon.
Fuad Masum President of the Republic
http://ift.tt/1XHIr3U
[tlm724] it is now 3:07 pm in Baghdad
[tlm724] these reforms are a process and this is the first step in many !
[tlm724] they gotta get their XX.. together !
[SHREDD] yep, they are running out of time
[tlm724] the people are rising and that is good and bad
[tlm724] good because it creates an atmosphere of urgency but bad because its the brink of all out civil war and they are being pushed to protest by those in power who do not want reform !
[tlm724] call it what you will but ugly comes to my mind
http://ift.tt/1qXORl7
April 19, 2016 Based on the constitutional powers granted to us under the provisions of Article 58, paragraph I of the Constitution and Article 28 of the Rules of Procedure of the House of Representatives invite the members of the Council to hold a special session on the repercussions of the crisis, the House of Representatives on Tuesday 19/4/2016 at two o'clock in the afternoon.
Fuad Masum President of the Republic
http://ift.tt/1XHIr3U
[tlm724] it is now 3:07 pm in Baghdad
[tlm724] these reforms are a process and this is the first step in many !
[tlm724] they gotta get their XX.. together !
[SHREDD] yep, they are running out of time
[tlm724] the people are rising and that is good and bad
[tlm724] good because it creates an atmosphere of urgency but bad because its the brink of all out civil war and they are being pushed to protest by those in power who do not want reform !
[tlm724] call it what you will but ugly comes to my mind
http://ift.tt/1qXORl7
via Dinar Recaps - Our Blog http://ift.tt/1XHIpZQ
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