DINAR UPDATES 4-10-16
Post From Dinar Updates
Chat Room Excerpts & Highlights
Dinar Updates Sunday PM Chat 4-10-16 After BGG Call
tman23 says():The world market price for oil is half of what the 2013 Iraq federal budget of $106, and this will create a problem for the Iraq government. In January, the International Monetary Fund (IMF) warned the Iraqi government that the Iraqi budget was vulnerable to the oil price
By the end of 2015, oil exports is estimated to be at 4 million barrels a day. Higher oil exports will have a significant impact on the value of the Iraq dinar currency.
When Iraq starts exporting 5 or 6 million barrels a day of oil, the currency will increase in value. raq needs to upgrade and update its oil infrastructure. Foreign Direct Investment (FDI) is needed to ramp up the oil production. Western and foreign oil companies are investing in the oil industry in their different projects.
Iraq requires hundreds of billions of dollars for the oil industry, if it wants to reach their goal of 6 million barrels a day by 2020.
~~~
Post From Dinar Updates
Chat Room Excerpts & Highlights
Dinar Updates Sunday PM Chat 4-10-16 After BGG Call
tman23 says():The world market price for oil is half of what the 2013 Iraq federal budget of $106, and this will create a problem for the Iraq government. In January, the International Monetary Fund (IMF) warned the Iraqi government that the Iraqi budget was vulnerable to the oil price
By the end of 2015, oil exports is estimated to be at 4 million barrels a day. Higher oil exports will have a significant impact on the value of the Iraq dinar currency.
When Iraq starts exporting 5 or 6 million barrels a day of oil, the currency will increase in value. raq needs to upgrade and update its oil infrastructure. Foreign Direct Investment (FDI) is needed to ramp up the oil production. Western and foreign oil companies are investing in the oil industry in their different projects.
Iraq requires hundreds of billions of dollars for the oil industry, if it wants to reach their goal of 6 million barrels a day by 2020.
~~~
sassy says(): tman well it reached 40 dollars today so that should help
tman23 says():Again........ What nobody may want to hear BUT as I said I receive news that I hold back and many said they rather I share...........
I DO NOT KNOW WHAT THE INTENTIONS FOR IRAQ CURRENCY IS, NOR DOES ANYONE ELSE......IT IS ALL SPECULATION.........
The price of oil may effect the value of the IQD because of what was said in Dubai........right now by all numbers appears the value of the IQD in market is 1260........
We heard in Dubai 1305..(which may be the sell rate to banks)...... We also heard that if the reserves fall to a certain amount that 10% devalue would be in line......therefore such information (such as 10%) may be dependent upon the price of oil and the GOI revenues.......
None of this is intended DOOM and GLOOM..... If we are here for IQD speculation and what is being said ......I am simply sharing........ IF the majority rather not hear this .......just say so in open chat and I will not post any of this type of news or information I receive.........
BUCK says():thanks tman already read all that and formed my opinion..thx again
woodywoodpecker says():i want to hear the good and the bad
Viper says():give me the good, bad, and ugly.
Baxter says():I can take a little bad.... with a lot of good... (y) but........... I am Positive BGG and Rcookie.... will not steer us wrong.. I think we are in a great position.. (y)
Viper says():I agree. not much longer.
BUCK says():it seems history will show whenever there is really good news and anticipation there will be a tv news channel or an article that is rediculously negative...to me just the dawa or sol groups trying to counter act progress......alak talking about devalueing at a time like this speaks volumes to me...lol
Elane says():Boy I stand in agreement Baxter!!! Viper.. and Buck
wmawhite says to tman23():I DO NOT KNOW WHAT THE INTENTIONS FOR IRAQ CURRENCY IS, NOR DOES ANYONE ELSE......IT IS ALL SPECULATION......... ..................Who told you that it is speculation as to want Iraq (CBI) wants to do with there currency.
wmawhite says to tman23(): ????
wmawhite says to tman23():If we are here for IQD speculation and what is being said ......I am simply sharing........ the information that we continue to post day after day from such entities as the IMF, WB the CBI,........none of those folks state that they are speculating. Instead, these entities are very to the point as to want they are intending to achieve.
wmawhite says to tman23():[8:46 PM] tman23: if we are here for IQD speculation and what is being said ......I am simply sharing........
tman23 says():Again........ What nobody may want to hear BUT as I said I receive news that I hold back and many said they rather I share...........
I DO NOT KNOW WHAT THE INTENTIONS FOR IRAQ CURRENCY IS, NOR DOES ANYONE ELSE......IT IS ALL SPECULATION.........
The price of oil may effect the value of the IQD because of what was said in Dubai........right now by all numbers appears the value of the IQD in market is 1260........
We heard in Dubai 1305..(which may be the sell rate to banks)...... We also heard that if the reserves fall to a certain amount that 10% devalue would be in line......therefore such information (such as 10%) may be dependent upon the price of oil and the GOI revenues.......
None of this is intended DOOM and GLOOM..... If we are here for IQD speculation and what is being said ......I am simply sharing........ IF the majority rather not hear this .......just say so in open chat and I will not post any of this type of news or information I receive.........
BUCK says():thanks tman already read all that and formed my opinion..thx again
woodywoodpecker says():i want to hear the good and the bad
Viper says():give me the good, bad, and ugly.
Baxter says():I can take a little bad.... with a lot of good... (y) but........... I am Positive BGG and Rcookie.... will not steer us wrong.. I think we are in a great position.. (y)
Viper says():I agree. not much longer.
BUCK says():it seems history will show whenever there is really good news and anticipation there will be a tv news channel or an article that is rediculously negative...to me just the dawa or sol groups trying to counter act progress......alak talking about devalueing at a time like this speaks volumes to me...lol
Elane says():Boy I stand in agreement Baxter!!! Viper.. and Buck
wmawhite says to tman23():I DO NOT KNOW WHAT THE INTENTIONS FOR IRAQ CURRENCY IS, NOR DOES ANYONE ELSE......IT IS ALL SPECULATION......... ..................Who told you that it is speculation as to want Iraq (CBI) wants to do with there currency.
wmawhite says to tman23(): ????
wmawhite says to tman23():If we are here for IQD speculation and what is being said ......I am simply sharing........ the information that we continue to post day after day from such entities as the IMF, WB the CBI,........none of those folks state that they are speculating. Instead, these entities are very to the point as to want they are intending to achieve.
wmawhite says to tman23():[8:46 PM] tman23: if we are here for IQD speculation and what is being said ......I am simply sharing........
wmawhite says to tman23(): the information that we continue to post day after day from such entities as the IMF, WB the CBI,........none of those folks state that they are speculating. Instead, these entities are very to the point as to what they are intending to achieve.
BGG says():I respectfully disagree... there are plenty who "speculate" and everything they say is jibberish. I would prefer we stick with commentary on news, hard info and facts. These things ARE NOT SPECUALTION...
BGG says():it is then commentary on hard news.
BGG says():which is NOT speculation - anyone having followed such news has not gone astray (or is leading others astray)...
tman23 says to BGG():Do you feel that I am leading people astray ?
BGG says():A better question is - Do you feel I am?? Because based on your comments - everything we had to say is "speculation"...
BGG says():An assertion with which I thoroughly disagree with...
dorisjean says():Speculation: the forming of a theory or conjecture without firm evidence.
"there has been widespread speculation that he plans to quit"
dorisjean says():I submit we have a ton of firm evidence brought in here on a constant basis
dorisjean says():sorry for butting in ({)
BGG says to dorisjean():Now that... I agree with
tman23 says():My comments to speculation were directly towards the currency itself and "the revaluation"...... There is a project to lift the 3 zeros and there-in lies our speculation on the affect the project has on the currency we hold........ There was no intent to claim speculation regarding news from reputable agencies.......
dorisjean says():Currency speculation involves buying, selling and holding currencies in order to make a profit from favorable fluctuations in exchange rates.
dorisjean says():And boy do I want a favorable fluctuation to happen soon. :D:D
sassy says():dorisjean me too
RickeyT says to sassy():I want to wait, what would I do with all my time? I would miss the chat room to much....
sassy says():rickeyT you will garden my friend what you love most
BGG says():I respectfully disagree... there are plenty who "speculate" and everything they say is jibberish. I would prefer we stick with commentary on news, hard info and facts. These things ARE NOT SPECUALTION...
BGG says():it is then commentary on hard news.
BGG says():which is NOT speculation - anyone having followed such news has not gone astray (or is leading others astray)...
tman23 says to BGG():Do you feel that I am leading people astray ?
BGG says():A better question is - Do you feel I am?? Because based on your comments - everything we had to say is "speculation"...
BGG says():An assertion with which I thoroughly disagree with...
dorisjean says():Speculation: the forming of a theory or conjecture without firm evidence.
"there has been widespread speculation that he plans to quit"
dorisjean says():I submit we have a ton of firm evidence brought in here on a constant basis
dorisjean says():sorry for butting in ({)
BGG says to dorisjean():Now that... I agree with
tman23 says():My comments to speculation were directly towards the currency itself and "the revaluation"...... There is a project to lift the 3 zeros and there-in lies our speculation on the affect the project has on the currency we hold........ There was no intent to claim speculation regarding news from reputable agencies.......
dorisjean says():Currency speculation involves buying, selling and holding currencies in order to make a profit from favorable fluctuations in exchange rates.
dorisjean says():And boy do I want a favorable fluctuation to happen soon. :D:D
sassy says():dorisjean me too
RickeyT says to sassy():I want to wait, what would I do with all my time? I would miss the chat room to much....
sassy says():rickeyT you will garden my friend what you love most
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