Don't WAIT!

Thursday, May 19, 2016

Dinar Updates Thursday AM Chat  5-19-16   Part 1 of 2

DINAR UPDATES  5-19-16
Post From Dinar Updates
Chat Room Excerpts & Highlights
 
Dinar Updates Thursday AM Chat  5-19-16   Part 1 of 2
 
jtank says():will they reval with the gov being so messed up ?
larrykn says to jtank():I think they will always have problems but you watch how fast they get these laws passed, then watch it revalue IMO
 
jtank says():but can they get them passed with Malikis influence--
 
larrykn says to jtank():I'm seeing all these loans they are about to get, the pressure is on :)
larrykn says to jtank():like BGG said last night, they can whine all they want but it won't do them any good for now on
 
rcookie says():The parliamentary Finance Commission to count the presidential palaces and evaluated
 ~~~
An economy Since 2016-05-19 11:02 p.m. (Baghdad time)  Special – the balance of news
 
The parliamentary Finance Committee unveiled a Sarhan Ahmed, Thursday, from going to form a Committee to count the number of presidential palaces and evaluated, among the conditions experienced by Iraq has delayed its formation.
 
Ahmad/balance there, "news faith go to form a Committee to assess the numbers and amounts of the presidential palaces," adding that it "has been discussed in many meetings of the parliamentary Finance Commission from counting the number of presidential palaces and evaluated according to the law of the sale and rent of State money, which stipulates the formation of a Committee to this effect.
 
He stressed that "this serious step and set up committees to count all the State money by reviewing land registration records in areas where such property to access accurate information would restore that property if signed in mind by persons".
 
He noted that "another country's envelope forming this Committee", noting that "there is no intention of selling real estate by auction in accordance with the plan outlined in the law of sale and lease of State funds".
From: Heba Noureddine
 
http://ift.tt/20cO8Yw
 
larrykn says to rcookie():no more freeloading :D
 
rcookie says):AUCTIONS AT 136 MILLION.....
 
rcookie says(): HAVE A BREAKDOWN OF AN ARTICLE ABOUT USEAGE OF USD IN IRAQI MARKETS I POSTED YESTERDAY..WILL BRING SHORYLY....REALLY GREAT STUFF...
 
jtank says():break it down --
plowboy says to jtank():hammer time
 
rcookie says():OK....HERE IS THE ARTICLE AND BREAKDOWN FROM YESTERDAY...
rcookie says():LEADING ECONOMIST DR ESSAM MOHAMMED STATES LINKING FOREIGN TRADE DEALS TO USD IS BENEFICIAL TO ECONOMY BY MAINTAINING STABILITY AND KEEPING PACE WITH GENERAL GLOBAL PRACTICES...
 
VALUABLE THROUGH “FACILITATING THE OPENING OF IRAQI ECONOMY TO THE WORLD”...AND STATES “THE DIFFICULTY IN REPLACING THE USD USED IN FOREIGN TRADE BUSINESS WITH ANOTHER CURRENCY IS THAT IT WOULD CREATE AN IMBALANCE OF GLOBAL CURRENCY MARKET DUE TO INCREASE IN DEMAND FOR CERTAIN CURRENCY WITHOUT THE OTHER”...
 
jtank says():so they cannot use iqd?
 
rcookie says():DR ABDUL ZAGRA MOHAMED ADDS...”THERE IS NO ECONOMIC REASON THE EURO COULD NOT BE USED IN PLACE OF USD OTHER THAN THE REGIONAL TREND & CULTURE OF USD USE IN THE REGION MAKES IT A LITTLE HARDER TO CONDUCT BUSIBESS WITH EURO AS OPPOSED TO USD...
 
(THE REGION IS MORE USED TO/COMFORTABLE WITH USD FOR NUMBER OF REASONS...
 
ONE IS THAT USD IS A LONG & TRUE TESTED CURRENCY IN GLOBAL MARKET (THINK OF RECENT INSTABILITY OF EURO/GREECE/SPAIN AND POSSIBLE BREXIT)...
 
AND USD IS HISTORICAL STANDARD IN OIL SALES MAKING ITH THE BENCHMARK OVER OTHER CURRENCIES LIKE EURO..EVEN THOUGH EURO IS RESPECTED GLOBALLY AS “MODERN CURRENCY” WITH THE BACKING & WEIGHT OF THE ENTIRE EUROPEAN UNION...
 
rcookie says():the Iraqi market is witnessing months ago a remarkable rise in the dollar against the local currency after it saw in 2011 , stable in price dollar exchange lasted for about two years , scoring a price hovered in the range of 1220 dinars per dollar, but the decline in the sale of the Central Bank of it, due to lack of supply derived dollar from the sale of oil , which reflected falling world prices on the rise, making the dollar achieves rapid leaps reached sometimes to eight degrees compared to previous periods.
 
in turn , said the economic academic d. Awad Fadhil, that rate policy in Iraq was built on the basis of traffic in one direction , which does not accept only climb ripple in the nominal exchange rate of the dinar as the tool 's main inflation resistance.
 
rcookie says():OUTLINES THE RECENT TREND IN IRAQI MARKET IN THE STUNNING STRENGTH & RISE OF THE USD AGAINST IQD AFTER A RECORD OF STABILITY IN 2011 FOR 2 YEARS WITH AVG PRICE HOVERING AT 1220 IQD/USD...
 
BUT SUPPLY SHORTAGE FROM CBI & RESULTING DECREASE IN AUCTION SALES WHICH DROVE USD DEMAND AND PRICE SPIKES AT TIMES REACHINH 8% OVER PREVIOUS YEARS...
 
THE ECONOMIC ACADEMIC AWAD FADHIL ASSERTS THE RATE VOLUME FLOW WAS BASED ON “ONE WAY TRAFFIC” RISE AS OPPOSED TO 2 WAY DYNAMIC IN FALL..AS AN INFLATIONARY RESISTANCE TOOL IN MAINTAINING THE “NOMINAL EXCHANGE RATE “ OF IQD...
 
jtank says():gotta go- read later- thx rcookie
 
rcookie says):STATES THAT THIS ADMINISTRATIVE OVERSIGHT & STABILITY CONTROL PRACTICE IN THE NOMINAL EXCHANGE RATE WAS OFFSET (UNDERMINED) BANK & MONEY TRANSFER COMPANY PRACTICES DEALING OF BUYING & SELLING USD...
 
AT RATES FAR BEYOND OFFICIAL PURCHASE PRICE BY TRADERS & BUSINESSES WHICH DROVE & RESULTED IN LOWER IQD PRICES IN MARKET...HE STATES THE CONTRADICTION BETWEEN PURE UNBIASED ADMINISTRATIVE PRICING POLICY (EXCHANGE RATE)...
 
ALONG WITH OVERTLY FLEXIBLE TOLLERANCE TO “UNDER PRESSURE” PUSH THE DOLLAR FOR PROFIT SEEKING SPECULATORS WHICH COUTERMANDS THE CBI’S “COUNTER INFLATION” CURRENCY POLICY OBJECTIVES IN CONTROL & STABILITY OF IQD AGAINST USD IN IRAQI MARKET...
 
rcookie says():He said that dealing in foreign market currency are at higher than the official price, the exchange rate sellers and importers will reap the price profits on monetary union larger than can be achieved in light of the market mechanism and the imposition of restrictions on foreign currency sales.
 
he pointed out that the actual impact or real to install the dinar exchange rate to intervene administratively with an exchange free of the dinar rate value less than the official exchange rate indicates that there is a reduction veiled or implicitly to the value of the local currency in the market.
 
rcookie says():He said: I have founded the repeated announcement of the intention of the monetary authority to reduce the price of the dollar to 1000 dinars to the dollar a clear framework for this policy and Find at the same time with the official and popular circles sense not to accept any deterioration in the price of a swap dinar to the dollar
 
and therefore resisting any amendment in it that was necessary from an economic standpoint in the future, and so lacked rate policy flexibility necessary to draw a limit to the official exchange rate volatility between them and absorb any embarrassment as a result of exchange rate volatility.  
 
rcookie says():OUTLINES THAT PRACTICES IN DEALING FOREIGN MARKET CURRENCY AT RATES HIGHER THAN OFFICIAL PRICING WHERE TRADERS & SPECULATORS REALIZE HUGE PROFITS...
 
FAR BEYOND WHAT IS REALIZED IN NORMAL MARKET MECHANISMS WITH IMPOSED RESTRICTIONS ON FOREIGN CURRENCY SALES...

BASICALLY WAY TOO MUCH MONEY TO BE MADE FOR GREEDY SPECULATORS THAN ANY MARKET STABILITY TOOL IS ABLE TO CORRECT OR KEEP IN CHECK...
 
rcookie says():HE STATES THAT ACTUAL IMPACT OF ADMINISTRATIVE INTERVENTION FREE OF IQD VALUE LESS THAN THE OFFICIAL EXCHANGE RATE INDICATES THERE IS AN UNDERLYING PERCEPTION OF IQD VALUE IN THE MARKETPLACE...
 
rcookie says():HE ASSERTS THAT REPEATED ANNOUNCEMENTS BY MONETARY AUTHORITY... OF INTENT TO REDUCE PRICE OF USD TO RATE OF 1000 IQD TO 1 USD IS A CLEAR FRAMEWORK FOR THIS POLICY IS MET WITH RESISTANCE BY OFFICIAL & POPULAR CIRCLES TO DROPPING EXCHANGE RATE OF IQD TO USD...
 
AND OPPOSITION TO NECESSARY FUTURE AMENDMENT OF FLEXIBLE ECONOMIC POLICY THAT LIMITS EXCHANGE RATE VOLATILITY AND RESULTING EMBARRASSMENT...
 
rcookie says():ANY ?
Pablo says():So when are they going to do this reduction?
 
larrykn says to rcookie(:)  are they talking about pegging to the usd because of the track record of the USD over the euro?
bookumdano says to rcookie():So what is this guy trying to tell us.
Woodywoodpecker says():1000 dinar to $1.00 ?
 
Pablo says():The USD is on the way out. The Yuan is going to be replacing it.
 
rcookie says():IT DOESNT STATE WHEN...ONLY THAT THE INTENT HAS BEEN REPEATEDLY SUGGESTED AND MET WITH RESISTANCE FROM OFFICIAL & POPULAR CIRCLES AS FUTURE AMENDMENT TO FLEXIBLE ECONOMIC POLICY THAT WOULD LIMIT EMBARASSING EXCHANGE RATE VOLATILITY AND INSTABILITY....
 
Pablo says():In ther words, Maliki and his buddies don't want a change in the status quo.
rcookie says to Pablo():THAT IS ABSURD!!...WONT EVEN DIGNIFY...
Pablo says()::D
 
rcookie says to Pablo():THEY ARE PEGGED TO USD...AND OUTLINE THE REASONS AND ADVANTAGES TO DOING SO...
 
THE DOLLAR IS THE BENCHMARK STANDARD WITH LONGSTANDING PEDIGREE & GLOBAL MUSCLE...REPECT AND CONFIDENCE...
 
rcookie says to Pablo():THE EURO IS A "MODERN" CURRENCY THAT IS NOT AS RELEVANT IN OIL SECTOR AND THINK ABOUT THE RECENT REGIONAL DOWNSIDES...SWISS...GREECE...SPAIN...POSSIBLE BREXIT...WOULD BE DEVASTATING....
 
larrykn says to rcookie():very true ty
 
Pablo says():It would be wonderful. Cut back on the dictatorial power of Brussles and give those nations back their soverignty.
 
Pablo says():As far as the US dollar is concerned, it has overstayed its place as a currency of reserve and exchange. It's time for it to go and it is going, whether the Americans like it or not.
 
rcookie says():THE EASE IN FOREIGN TRADE DEAL ACTIONS KEEPING PACE WITH GENERAL GLOBAL PRACTICES VALUABLE IN FACILITATING THE OPENING OF IRAQI ECONOMY TO THE WORLD!!!!!!!....
rcookie says to Pablo():AGAIN PABLO....THAT IS SO BEYOND ABSURD IT DEFIES REBUTTLE.....
 
viacuda says to Pablo():Replace it with what Pablo? The Peso?
rcookie says to Pablo):IT HAS OVERSTAYED ITS PLACE AS RESERVE CURRENCY...LOL
 
viacuda says to Pablo():For people like you to take advantage of a financial gain? Your here arent you. The humanitarian care is synical.
 
rcookie says to Pablo():PABLO I AFFORD YOU EVERY POSSIBLE RESPECT AND COURTESY IN SPITE OF SEVERE CHALLENGE AT TIMES TO DO SO....YOU TELLING ME TO OPEN MY EYES ABOUT SOMETHING FROM SOMEONE IN DESPERATE NEED OF A DOG..DARK GLASSES AND WHITE CANE IS...WELL...
 
rcookie says():DONT WANT TO MUZZLE ANYONE....JUST PRESENT FACTS...
 
Elane says():Last nights breakdown by BGG on that 1 dinar coin was awesome!
 
rcookie says to Pablo():PABLO... IN SPIT OF THE USA PHOBIC STATEMENTS...HERE IS SOME FACTS TO YOUR ASSERTION THAT THE USD IS BEING WIPED OUT AND OVER...
 
THE USD STRENGTH IN 2015 AS 11% GROWTH DUE TO CONTINUED GROWTH IN US ECONONY...
 
AND ONGOING ISSUES WITH DOWNSIDE VOLATILOTY WITH EURO AND OTHER MARKETS...INCLUDING CHINA...WHICH HAS MADE THE USD AN ECONOMIC SAFE HAVEN...
 
rcookie says to Pablo():THE USD CONTINUES TO BE THE CURRENCY OF CHOICE FOR FOREIGN EXCHANGE TRANSACTIONS... WITH OVER 90% FOREIGN EXCHANGE TRANSACTIONS INVOLVING USD!!!!...OVER 90%....
 
AND OVER 80% OF INTERNATIONAL TRADE FINANCE CONDUCTED IN USD AS WELL!!....OVER 80%!!!!!....
 
rcookie says to Pablo():NOT EVEN TOUCHING ON THE FACT OF CHINAS MANIPULATION OF YUAN THROUGH DEVALUATION WHICH SHOCKED INTERNATIONAL MARKETS...
 
AND CAUSED THE LARGEST 1 DAY LOSS IN 20 YEARS!!!!!....NOT EXACTLY POSTER CHILD ACTIONS FOR A STABLE RESERVE CURRENCY!!!.....
 
rcookie says to Pablo):PABLO....STILL THERE?...
larrykn says to rcookie():I think he left 
KAT1 says():Can someone tell me with this article they did print the budget in the gazette: Iraqi Official Gazette published an order to refer the Deputy Prime Minister and...
 
http://ift.tt/1TsXTBp
 
larrykn says to KAT1(): Iraqi Official Gazette published an order to refer the Deputy Prime Minister and Minister Almrhqin to retire
 
05/19/2016 13:41  {Baghdad} Euphrates News published the Gazette of Iraq {Official Gazette of the state} is Dioanaa to refer the deputies of the prime minister and the ministers who have been the inclusion of the government office Baltrchiq last August to retirement.
 
A statement by the Ministry of Justice, received by the agency {Euphrates News} acopy of it, that ” the new issue of the Gazette of Iraq issued call {4404}, included anumber of laws and resolutions and statements and instructions, approved by the House of Representatives and approved by the Presidency of the Republic.”
 
The statement quoted Director in the facts of Iraq circuit Muhannad Zebra, saying that ” the number of 4404 included modifying the insurance Law of compulsory car accidents Act No. 52 of 1980, in addition to the law amending the civil Procedure Act No. 83 of 1969 , ”
 
noting that ” the number included my book is to refer the vice -Presidents Council of Ministers and the ministers to retire No. 527, “noting that ” as the number included decrees of the Republic. ”
 
He added that” the number included a ban on Daash sites terrorism in all webs No. 10 of 2016, also included a decision to amend resolution No. 3 of 1987, issued by the Ministry Labour and social Affairs. ”
 
He pointed Zebra to” the Help services offered wages of the State Council No. 5 of 2016 contained in this number, as well as instructions to facilitate the implementation of publishing the law in the official Gazette No. 78 of 1977 , “noting , ” also included a number of statements by the Central Agency for Standardization and quality control. ”
 
The first reforms launched last August 2015 package, which included the abolition of the posts of vice Prime Minister and the President of the Republic, as well as cancel and merge a number of ministries to the feminine government spending
 
larrykn says to KAT1():http://ift.tt/20cOcrk


via Dinar Recaps - Our Blog http://ift.tt/1TsXzm7

No comments:

Post a Comment