Dinar Updates Tuesday Chat 12-1-15 Part 1 of 2

​Post From Dinar Updates Chat Room 12-1-15
​
Dinar Updates Tuesday Chat 12-1-15  Part 1 of 2
 
wmawhite says   IMF has stated that Iraq needs to have the "free flow of currencies" and that they (IMF) expects Iraq to re-enter the economy market prior to the first half of 2016.
 
Now, think this through. How well will Iraq do if they are required to have the "free flow of currencies" if business/investors are not able to exchange currencies freely. Instead, that will only have windows that open and close? Think people......think!!! You folks already have the necessary information.
 
Nadita says  wmawhite.. the currency has to be tradeable internationally in order for it to have free flow for trading/investors.
 
Nadita says  when IMF stated first half of 2016... do they mean a "real" half of the year (jan-June) or 1st quarter
 ~~~

Nadita says(  My guess in this one is 6 months which is Jan - Jun... so Iraq in a way is given Dec - June 2016 to go international with its currency to play in the global market.
 
tman23 says to wmawhite   We will need to see the new lower denoms ASAP......They just can't spring them into circulation without educating the citizens... Otherwise with no LD's the 3 zeros will have to be removed from the currency when accounting the exchange.......
 
wmawhite says to Nadita  you are correct..........and when the status of the IQD changes.....when Iraq (meaning) it's currency is back on the world economic stage it must be free flowing.............there are none of these opening and closing of windows........there are none of these "sucker" rates. Zero.
 
Baxter1243 says   WMA... does Iraq have to be in Article 8 before they can have an internationally currency..
 
quicktolegit96 says   DID YALL GET RK UPDATE?
 
Baxter1243 says  quick..no... spill it
 
wmawhite says to Baxter1243:  Article 8 is the "Good Housekeeping Seal of Approval" to the world financial institutions.
 
Nadita says:  wmawhite.. sucker no sucker rate.. I want a rate lol
 
quicktolegit96 says:  BAX ARE U SERIOUS?
 
Baxter1243 says:  wma... so is that a yes or no?
 
quicktolegit96 says:  WHO WANTS RK UPDATE? LOL
 
Baxter1243 says:  Yes.. Im serious..
 
Nadita says:  baxter.. cricket22 posted the whole email.. look at the chat copy
 
Baxter1243 says:  Ok... thx Nadita.. bout what time was it
 
wmawhite says to Baxter1243:  There are some Iraqi economists that believe the value of the IQD will need to change in value prior to moving to Article 8. We shall see.
 
quicktolegit96 says:  BAX, IRAQ SHOULD HAVE A RATE BEFORE ART 8 I BELIEVE
 
Nadita says:  baxter.. look at 10:55 am
 
Baxter1243 says:  quick.. yes I know.. but to go International.. do they have to be in Article 8
Baxter1243 says: thx Nadita
 
Nadita says:  wmawhite.. I believe the closing and opening window is not for the currency free flow but for the window of rv.. that seems Iraq's window to play without pushing the button is getting narrower :)
Nadita says:  quick.. I agree with you
 
quicktolegit96 says:  IRAQ MAY COME OUT WITH A RATE BEFORE CHRISTMAS AND THEN RV IN THE 3'S 4-6 MONTHS LATER....FOR SURE
 
quicktolegit96 says:  BAXTER I DONT THINK SO
quicktolegit96 says():  THE RATE NEEDS TO CHANGE PRIOR TO BRING IN INVESTORS
 
missb says to wmawhite():  been waiting for art 8 , 4 long time thanks
 
wmawhite says():  Folks,.....if you are an Iraqi store owners and you have goods on the shelfs that costs you thousands of dollars and today the value changed dramatically upward, would you go change the pricing on those goods?....NO!!!! Instead, once you receive the new goods that costs you less...then you change the pricing..............and that is when the LDs will start to appear.
 
Nadita says():  quick.. I am with you
 
quicktolegit96 says():  BAXTER IRAQ WILL COME OUT AT A 1 TO 1 PERHAPS TO DRAW IN NOTES FROM PPL THAT DONT HAVE MANY NOTES, THAT WILL BRING THE RATE UP, GETTING THOSE NOTES FROM INTERNATIONAL "INVESTORS"......

Nadita says():  wmawhite... so what do you think about Iraq saying they want to par with USD 1"1
 
tman23 says to wmawhite():  Iraq RV's........1-1 .......Yahooo !! A IQD 25,000 note is worth 25,000 usd !!! I am a foreign investor opening business in Iraq......I need to make payroll..... I owe Ali $80 for his days labor...... I transfer funds of usd to exchange into IQD...... I owe Ali $80..... I must pay him in IQD....... The smallest note is 1000 IQD and NOW cost me $1000 usd to get one.......... I owe Ali $80..... What am I to do ????? And I will wait patiently for the answer.........
 
quicktolegit96 says():  TMAN SUP BROTHA
 
 wmawhite says to tman23():  No it is not worth $25,000....it is worth 25,000 IQD in Iraq.
 
Nadita says():  tman23.... in that case, the higher notes for banking/business use will come out as the LD too...
 
Nadita says():  otherwise.. it will create havoc in giving exchange
 
tman23 says to wmawhite():  That is great........But I must purchase currency to pay my workers...... So what will the CBI sell me the currency for ????
 
Nadita says():  tman23.. you will get less dinar when you exchange dollar to dinar because of the bank spread

Nadita says():  dinar will be like other currencies once it's international.. there will be a spread in buying and selling
 
Nadita says():  Iraqi will want to be paid in dinar so they don't lose in the spread
 
wmawhite says to tman23():  The value of a country's currency is only relevent outside of its country. Just like inside the USA $1 is worh $1 inside the USA it is not worth 0.27 KWD.
 
wmawhite says to tman23():  Or 1166 IQD.
wmawhite says to tman23():  Inside the USA it is $1.00
 
Nadita says():  wmawhite.. at this time
 
tman23 says to wmawhite():  Please think about what I am saying.......Because I am telling you flat out.......You are wrong......They cannot have a RV and do business without LD's being circulated......And if they do RV without the lower denoms.......Then the existing 3 zero notes will not include the zeros on the notes when accounting in exchanging currency
 
It would stand to reason - in such an event... they will have to make the LD's available in an "emergency" fashion...
 
NWBeauty says():   Um...I have smaller bills than $1000
 
jeffusa says to DiagyAAAE():  tastes wooly
 
BGG says():  (the LD's they have on hand - and have had for quite some time)
 
DiagyAAAE says():  lol
 
NWBeauty says():  I have $250 and $500 bills Does anyone else??
 
Baxter1243 says():  Here we go again on the Dinar value in Iraq and its value in the U S... 
 
BGG says to NWBeauty():  I think I have down to the 100's??
BGG says to NWBeauty():   and...
 
Nadita says():  Baxter LOL
 
trout1 says():  well if they have them they must intend on using them
 
BGG says to NWBeauty():  they have had LD's printed and ready to use for quite some time...
 
NWBeauty says():  someone said $1000 lowest bill
 
Nadita says():  BGG.. I am with you.. I thought there are some lower denoms right now in Iraq but scarce the larger bills
 
BGG says to NWBeauty():  LD's won't be a hold-up...
 
wmawhite says to tman23():  Let say this as nice as I can............."I am not wrong."
quicktolegit96 says():  WHITE LOL

BGG says to NWBeauty():  the only reason we see no LD's - is because they are of little use (currently)... when they are - we will see them.
 
NWBeauty says():  well I have them in my safe ;)
 
Cricket22 says to tman23():  I am sorry, all I wanted to do was share RK's email. ({)
 
BGG says():  Ask yourself this - why would they print them and have them on hand, if they didn't intend to use them (eventually)??
 
NWBeauty says():  it was a GREAT email TY4 Sharing
 
Nadita says():  cricket22.. it's not your fault.. don't feel sorry :) it has been the debate
 
wmawhite says():  Folks,.....again.....think this through........why do we have the size of currency we have here in the USA,..........or in France or in Japan.........it is NOT because of the international exchange rate.............why is it? Instead, it is because of the costs of goods in any particular country.
 
Nadita says():  BGG.. agree... it costs money to print money
 
NWBeauty says():  some days I wonder if the LDs I have are the only ones I'll ever get to exchange 8-|
 
dennis2 says to Cricket22():  It was an interesting read for sure. Thanks for posting it.
 
wmawhite says():  The numbers on the currency is for the purchasing of goods by the citizens.
 
Cricket22 says to dennis2():  You're welcome
Cricket22 says to Nadita():  Thanks :)
 
faith1 says to NWBeauty():  i'm sure many have the smaller notes,, they use to be available for purchase...IM Experience..... I agree BGG when lower notes are put out to the people the price change will have too have happened...IMO once they're in use they should have entered full acession into WTO and make IQD available in trade international.... then we go.... to the bank ! The monies (lower denoms) is ready..printing done
 
Nadita says():  cricket22 I enjoy reading different opinion about dinar :) so it was nice.. I don't get his emails
 
Annieo says():  Crickett22 thank you! im believing, hoping and praying!
 
dennis2 says to Cricket22():  You did "good"! :)
 
Nadita says():  cricket.. I read news, rumors and everything in between :)
 
wmawhite says):  Folks,......now the costs of goods is affects by the value of a country's currency. But, again, why do we have the type of currency we have...it is not because of the international exchange rate.
wmawhite says():  affected
 
Nadita says():  Iraq has been groomed for such a time like this for 10 years but there is detour and hopefully they are on the right track now

_firefly_ says():  CBI NEWS - Statement) held an expanded meeting under the chairmanship of His Excellency the Governor of the Central Bank Mr. Ali Mohsen Ismail, in the presence of an economic advisor to Prime Minister Prof. Dr. appearance of Mohammed Saleh, and Dr. Ahmed Rehn Ali Member of the Board of Directors, and Messrs Directors-General of the Bank, a large number of academics and relevant experts in the fields of economy, finance and business, and discuss the study were presented by the conservative, tagged (international reserves and foreign currency sale window at the Central Bank)
11/29/2015
 
Nadita says():  cricket.. amen
 
_firefly_ says():  strange the date on it

Nadita says():  firefly 11/29/2015 the meeting had taken place
​
_firefly_ says():  Correct
_firefly_ says():  I wasn't there on Sunday
 
Nadita says():  and jabouri cancelled his trip to Sweden to hash out the budget is very telling for me.. they want to have the grand opening soon
 
_firefly_ says():  I didn't check yesterday
 
Laura Thompson-Small[2858200182@twitter..] says():  I thought the Governor of the CBI was Alaak?
 
THE BLOG - Dinar Daily NEWS Blog - http://ift.tt/1gVHrsb
 
ghost says():  Mr White, looks like I missed a good conversation. I am reading your last few posts, I know that you are well liked and respected and I find your commentaries insightful, but...... Your last explination leave one rather major consideration untouched: The interconnected nature of world commerce.
 
If a nation imports (the greater the import %, the greater the impact), then the exchange has a DRAMATIC impact on the cost of goods and thereby the most usable denominations of currency, would you not agree?
 
quicktolegit96 says():  CHECK THIS OUT: EMAIL FROM DINAR CORPS PRESIDENT....

quicktolegit96 says():  Dear Valued Customers,
 
Dinar Corp is what it is because of You, our customer. Every decision we make at Dinar Corp is with our customer in mind. And I am constantly thinking of ways to improve our service, and to better your experience at Dinar Corp.
 
Over the past few years, we have experienced our ups and downs, our setbacks and advances. And through it all, we have been guided by your feedback and concerns. As a result, Dinar Corp has become a better company for it. Thank you for that.
 
In the past few months, many of you have reached out to us with concerns about a lawsuit. For a long time before we filed the lawsuit, we remained silent. I had personally hoped that the issue at hand would subside. After we filed the lawsuit I had also hoped that this would not impact our customers. But my hopes were dashed and now, with great reluctance, I must inform you that the lawsuit is real and active.
  
quicktolegit96 says():  I do not believe in bad mouthing anyone. I do not believe in kicking someone while they're down. I believe in honor, truth and determination. So at this time, I will not speak in detail regarding the lawsuit Dinar Corp has filed Against its competitor.
 
What I will say is this. I hope to resolve this lawsuit amicably if we are given that opportunity. And that this lawsuit will in no way impact our services to You.
 
This lawsuit will in no way affect our commitment to You. And that you have my Promise that we will continue to be here to support you today, tomorrow and years to come in this currency market. Dinar Corp is stronger than ever. And we have You to thank for that. God Bless.
 
ghost says():  apologies -- I ommited the word RATE -- ie. exchange rate...
 
Nadita says():  quick... sounds like they are going to be back in business... ??
Nadita says():  ghost.. if I read your comment correctly..
 
dennis2 says to quicktolegit96():  Isa there a date on that Quick?
 
quicktolegit96 says():  nadita i think that was an old email, brb
 
Nadita says(12:14 PM):  if Iraq were to import say tv from the US.. the cost of tv will be 100 dollars and the tax and tariff is 300% plus profit so the tv will be selling for 600 dollars = 700,000 dinar...
 
Nadita says():  at the rate of 1166. When the revalue happens.. and the exchange rate is 3 dollars per dinar so the cost of tv will be 200 dinar
 
DiagyAAAE says():  nad i need to watch my shows! its worth the cost
 
Nadita says():  I might be confused
 
_firefly_ says():  Bloomberg TV - IMF opens doors to adding NEW CURRENCIES
 
ghost says():  Hi Nadita, I cant say that I am following your math exactly; however, I will say that if a country imports most of it's goods (I have read that Iraq imports 90%)then the international exchange rate will dramatically impact the price on the street of 90% the goods sold / manufactured.
 
wmawhite says to ghost():  Good points...............the need for a particular type/size of currency is directly related to the costs of goods in a country. The value of the country's currency directly affects the costs of goods in that country. So the size of the currency is indirectly related to the value of the currency..............
 
_firefly_ says to wmawhite():  Simple economics 101 my friend
_firefly_ says to wmawhite():  I mean REAL simple
 
wmawhite says to _firefly_():  true


Comments may be made at the end of Part 2  Thank You

via Dinar Recaps - Our Blog http://ift.tt/1TjFa8x

.

via Dinar Recaps - Our Blog http://ift.tt/Y2ubtO

Enorrste: More Discussion On 50,000 Notes

Post Emailed To Recaps

​More Discussion On 50,000 Dinar Notes

Enorrste:  I agree with you all.  This is saying that the introduction of the 50 k note will "complete" the series, meaning that all of the other notes remain legal tender.  This has nothing to do with the plan to reduce the note count itself, which will still occur. 
 
This is proven by the statement that the introduction of the larger notes will not be inflationary.  In other words, they will exchange two 25k notes for each 50k note introduced, thus not affecting the overall money supply.  Otherwise there would be inflation, which they specifically deny.
 
Enorrste:   Mike is generally correct.  However, his discussion doesn't take into account the fact that the CBI plan is two-fold:  first to reduce the paper count from 4 billion notes to 1 billion notes: and second to reduce the total money supply from 40 trillion dinars to 40 billion dinars.
 ~~~

The introduction of the larger 50k and 100k notes in itself only deals with the first objective, reducing the paper count.  However, this alone would not reduce the paper from 4 billion pieces to 1 billion.  At most it might reduce them from 4 billion to 2 billion, and probably not even that much since there are also the 1000, 5,000, and 10000 dinar notes incirculation.
 
Therefore, in addition to the even exchange (two 25k notes for one 50k note, for instance), the CBI will also be reducing the circulation even farther by removing 25k notes directly from the market. 
 
This will reduce the total value of the money supply from 40 trillion dinars to 40 billion dinars over time.  In the process of reducing the value of the money supply the value of an individual dinar rises. 
 
It is this rise that will increase demand for dinars as opposed to dollars.  The savy Iraqi will see that, over time, he gets "more bang for his dinar" than he does for his buck.  It is through this second method that the CBI will raise the value of the dinar. 
 
The introduction of the 50k note in and of itself has no affect on the value of the dinar, as Mike rightly points out.  It is only the second action, a further reduction in paper and value of the total money supply, that will raise the value of the dinar and through that process reduce the demand for dollars.  As the demand for dollars is reduced the reserves of Iraq are made more secure, which will also help support the risiing value of the dinar.
 
Enorrste:   bye the sea -   There are not 39 trillion notes.  There are only 4 billion notes, according to the CBI, and they want to reduce that to 1 billion notes.  There is a value of the money supply of 39 trillion dinars. 
 
As the value per dinar rises to $1 and probably more, the note count falls which causes the rise in the value.  At the end, the note count is 1 billion notes worth $40 billion, just as the 4 billion notes are now worth $40 billion.  Thus there is enough money to go around ($1000 worth per person, and if you eliminate the children it is much higher).
 
Enorrste:  Mike - you are correct:  the introduction of the larger 50k notes won't change the money supply value.  Only burning more of the 25000 dinar notes than they exchange for the 50k notes will lower the value of the money supply.  They will have to destroy, say, 3 of the 25k notes for every 50k note that gets issued.  This will reduce the money supply.


Below are News Titles & Links Referenced in Discussion:

Central Bank: the issuance of 50 thousand dinars category will not be accompanied by the withdrawal of any other category of trading   November 25, 2015  Alsumaria News / Baghdad,   LINK


Central Bank: the issuance of 50 thousand dinars will not be accompanied by the withdrawal of any class of trading
Long Press 2015/11/25  LINK
 

CBI responds on Notes about the issuing 50 000 dinars currencyWednesday, 25 November 2015   Shafaq News /  LINK
 
http://ift.tt/1QcI7s8

Drag to any category of cash in exchange for the new currency  2015/11/25  BAGHDAD / Obelisk: LINK


Central Bank: the issuance of 50 thousand dinars will not be accompanied by the withdrawal of any other category
Since 11/25/2015 14:28 pm (Baghdad time)  BAGHDAD - scales News  LINK


Project will lead to reducing the rate of the national currency in circulation from four billion to one billion notes.
 
http://ift.tt/1O24fRD                                                                                                                                                                             
http://ift.tt/1BHcmQ0  

 Here's the definition of money supply:

In economics, the money supply or money stock, is the total amount of monetary assets available in an economy at a specific time.[1] There are several ways to define "money," but standard measures usually include currency in circulation and demand deposits (depositors' easily accessed assets on the books of financial institutions).[2][3]
 
Money supply data are recorded and published, usually by the government or the central bank of the country. Public and private sector analysts have long monitored changes in money supply because of its effects on the price level, inflation, the exchange rate and the business cycle.[4]
 
That relation between money and prices is historically associated with the quantity theory of money. There is strong empirical evidence of a direct relation between money-supply growth and long-term price inflation, at least for rapid increases in the amount of money in the economy.
 
For example, a country such as Zimbabwe which saw extremely rapid increases in its money supply also saw extremely rapid increases in prices (hyperinflation). This is one reason for the reliance on monetary policy as a means of controlling inflation.[5][6]
 
 
The nature of this causal chain is the subject of contention. Some heterodox economists argue that the money supply is endogenous (determined by the workings of the economy, not by the central bank) and that the sources of inflation must be found in the distributional structure of the economy.[7]
 
In addition, those economists seeing the central bank's control over the money supply as feeble say that there are two weak links between the growth of the money supply and the inflation rate. First, in the aftermath of a recession, when many resources are underutilized, an increase in the money supply can cause a sustained increase in real production instead of inflation.
 
Second, if the velocity of money (i.e., the ratio between nominal GDP and money supply) changes, an increase in the money supply could have either no effect, an exaggerated effect, or an unpredictable effect on the growth of nominal GDP.  

  http://ift.tt/1gvZWMP

via Dinar Recaps - Our Blog http://ift.tt/1QcI7sb

Wealthwatch Tuesday Chat 12-1-15

​Post From Wealthwatch.world Chat Room  12-1-15
News With Links & Discussion
​
Wealthwatch Tuesday Chat 12-1-15  

 
chattels: The US administration has been trying to influence PM Abadi to accept the Sunni demands but he proved unable to “sell” it to the various Shi’i political circles. Unless he manages to do it, the prospect of liberation or “conquest” of Mosul, Falluja, Ramadi and other parts of the Sunni area from ISIS by Shi’i troops under Iranian command is far from being a good solution.
 
The US will have to provide air support for the Shi’i troops and the Hashad in reoccupying the Sunni areas. This, too, is problematic because they will appear as allies of Iran and enemies of the Sunna. NATO troops doing the same work (however unlikely such a development is) will be accepted more readily by the Sunni population, but without guarantees from Baghdad for Sunni political rights, as soon as the foreign troops leave another insurgency will erupt.
 
The US needs to take advantage of the fact that Iraqi Shi’is prefer that the Iranians stay in Iran, and to bear in mind that it has pressure points in Baghdad. It needs to apply much more pressure to meet the Sunnis’ (and Kurds’) minimal demands. After ISIS conquered Mosul from Maliki’s corrupt and degraded Iraqi national military it became clear that the highly-centralized Iraq was dead. The question is: can a decentralized Iraq still survive.     chattels: wealthwatch.world/showthr.  http://ift.tt/1QcI7bG
 ~~~

chattels: Parliament rapporteur: Amendment discuss the budget session next week " ....... to discuss parliament in its meeting next week to amend the draft next year's budget law in 2016."
 
chattels: "There are a lot of controversial laws can not talk about it before sitting the political blocs with the presidency of the parliament to plan and agree to be included on the agenda," Mushir out that "the most important now is to complete the budget bill because there are some discussions around ".
 
chattels: " The Parliament discussed the budget, but there is an amendment will come a supplement from the government to cut costs, as there is a proposal in the parliament of the Finance Committee to cut costs and also the most important point must be accomplished before the end of this year or the beginning of next year. "
 
chattels: He guessed Youkhana " to resolve the budget before the end of this year ",
 
chattels: .............. adding that " the problems in the budget clear and old dividing them oil between the center and the region related, and the second subject of the displaced and T_khasasathm and allocations of the popular crowd and forces and security of the Peshmerga, the military and these points will discuss Parliament resolved. "
 
 chattels: " the problems in the budget clear and old dividing them oil between the center and the region related, and the second subject of the displaced and T_khasasathm and allocations of the popular crowd and forces and security of the Peshmerga, the military ..."
 
chattels: " There are a lot of controversial laws can not talk about it before sitting the political blocs with the presidency of the parliament to plan and agree to be included on the agenda, 
 
OOTW: controversial because they threaten to allow corrupt politicians to go to prison
OOTW: fairly curious that several news agencies have not posted any significant amount of articles for the past two days
 
OOTW: HERE'S THIS FROM THE SJC SITE
 
chattels: wealthwatch.world/showthr...
http://ift.tt/1O24dJj
 
OOTW: Baghdad / JAMC Criminal Court in Karbala sentenced in absentia to 7 years in prison and former Trade Minister Abdul Falah al-Sudani tea after being convicted of a corrupt file. Judge Abdul Sattar Bayrakdar spokesman for the judiciary, said that "the Court of Criminal Karbala held its suit and looked fugitive Abdul Falah al-Sudani, which was formerly a minister of trade."
 
Bayrakdar He continued that "has been sentenced to seven years imprisonment for tea corrupt issue," pointing out that "the decision was made in accordance with Article 340 of the Penal Law No. 111 of 1969". The spokesman explained that "The Court also upheld the seizure decision issued against movable and immovable property".
 
OOTW: AND HERE'S THE TITLE ON THIS SAME JUDICIAL PRESS RELEASE, FROM THE JUSTICE NEWS - " 11/30/2015 - who continue to have confidence in the judiciary Mahmoudi, Medhat al-Mahmoud Abdul-Falah al-Sudani, who fled with the accused Nuri al-Maliki announced the official situated sentenced to 7 years, after six years of his escape - Justice News"
 
OOTW: I CONTINUE TO REMAIN OPTIMISTIC RE THE POTENTIAL INCREASE IN VALUE OF THE DINAR, PRIMARILY DUE TO THE FACT THAT THE LEGISLATION FOR THE 2016 BUDGET ENDORSES IMPLEMENTING THE TARIFFS
 
OOTW: AGAIN,,,WE WAIT
 
chattels: I believe in divine intervention.
 
OOTW: YES, THAT WOULD BE DIVINE
OOTW: I HOPE IT HAPPENS
 
chattels: but not much in fraternal benevolence / human nature
 
OOTW: NO TOO MANY IN POWER WITH EGO BASED AGENDAS
 
*SCZIN11: The Iraqi dinar exchange rate options
*SCZIN11: dir=ltr][dir=ltr][dir=ltr][Image: 57932.f68bdcde67ebec2a7633b41a83b07218-300x178.jpg] In light of the suffocating financial distress taking place in the Iraqi economy because of the large decline in oil prices, and experts concerned to discuss the most appropriate option to determine the dinar exchange rate.
 
The Iraqi parliament discussed before the possibility of lowering the dinar-dollar exchange rate by 10 percent to 1300 dinars to provide the general budget of 5 trillion dinars ($ 4.2 billion), or down 20 percent to 1400 dinars to provide nine trillion dinars. There is no doubt that reducing the rate of the dinar was any additional resources will provide the public budget because it will increase the amount of the Iraqi dinar,
 
which you get by the Ministry of money in exchange for the replacement of its revenue from oil or foreign loans in dollars with the Central Bank.
 
But artificial way to increase government resources at the expense of citizens. Valmtdharr is normal especially those with limited income citizens will drop as the purchasing power of their incomes, especially prices of imported goods, as creditors will be affected in the local currency, including the Iraqi government bondholders at home.

​*SCZIN11: READ WHOLE ANALYSIS wealthwatch.world/showthr.  http://ift.tt/1QcI7bI
 
chattels: said Assistant Secretary-General for Humanitarian Affairs in the United Nations Kyung-wha Kang, said that "Iraq faces the most dangerous crises in areas of tension in the world."
 
 chattels: "It pointed out that" The United Nations estimates that there are now more than 10 million people in need of some form of humanitarian assistance, as displaced nearly 3.2 million Iraqis since January 2014, and suffer the humanitarian response efforts in Iraq from a severe lack of funding.
 
chattels: http://ift.tt/1LEwWYk...
http://ift.tt/1QcI53n
 
chattels: " RV " tomorrow ! :)
 
chattels: Judiciary: retrieval of 36 billion dinars, the central bank in 2655 and artifacts from abroad :: 2015/12/1 12:34 • http://ift.tt/1LEwWYk...
http://ift.tt/1O24dJl
 
chattels: "Head of the Supreme Judicial Council Judge Medhat al-Mahmoud visited on Tuesday the headquarters of the resumption of the Federal Rusafa Court ........... "
 
chattels: Guess he , Medhat al-Mahmoud , did not retire in November, eh ?
 
Doug_W: sure looks that way
 
chattels: Oil Ministry announced, all recorded an unprecedented increase in oil during the last month of November, to reach 3.3 million barrels per day.
 
chattels: " Iraq has been unable to export through the northern port of Ceyhan Turkish port due to the Kurdistan region's commitment to the agreement the oil and the loss of Iraq to rate export of 550 thousand barrels per day.
 
 chattels: "He stressed that" national production rate of Crude oil except for the Kurdistan region stood at three million and 657 barrels per day, ".
 
chattels: " due to the Kurdistan region's commitment ( probably " lack of " ) to the agreement the oil "
 
Doug_W: IF Bagdad wold pay them.....
 
chattels: neither has performed
 
Doug_W: soo then we have two negative performances does that equal a Positive LOL
 
chattels: Currency Auctions Announcement No. (3085) The opening offers the sale and purchase of foreign currency in the window of the Central Bank of Iraq on 1/12/2015 and the results were as follows: DETAILS              NOTES Number of banks               25 Number of remittance companies        18 Auction price selling dinar / US$  1166 Auction price buying dinar / US$       ----- Amount sold at auction price (US$)          188,066,465 Amount purchased at Auction price (US$)       ----- Total offers for buying (US$)     188,066,465 Total offers for selling (US$)               -----
 
Doug_W: If they keep selling they keep "bleeding" IMO
 
chattels: 3085 ........ 01-Dec..........1,214 ................ 1,166
 
chattels: 1,214
 
Donnie: 30 Nov 2015 12:50 UTC - 1 Dec 2015 12:56 UTC USD/IQD close:1108.3 low:1108.0 high:1109.0 http://ift.tt/1N0aHcL...
http://ift.tt/1O24dJl
 
Donnie: ^^^ was just yesterday.
Donnie: Here is a week: 24 Nov 2015 12:00 UTC - 1 Dec 2015 12:58 UTC USD/IQD close:1108.3 low:1105.6 high:1110.5
 
Donnie: is a Dinar rate (substantial) increase part of the reforms? 

 
chattels: Pearl wins $2 billion ruling against KRG Tankers carrying liquid condensates derived from natural gas leave the Khor Mor facility in Iraqi Kurdistan, January 2013. (JACOB RUSSELL/Metrography/Iraq Oil Report) An arbitration court ruled the KRG owes the Pearl gas consortium nearly $2 billion for past production, but enforcement will be difficult and more legal battles loom, including KRG counter claims. http://ift.tt/1QcI7bK; LINK

 chattels: UNAMI ‏@UNIraq 4h4 hours ago #Iraq:UN casualty figures Nov 2015: 888 Iraqis killed; 1,237 injured in acts of terrorism, violence & armed conflict  chattels: http://twitter.com/JoelWing2

https://twitter.com/JoelWing2?ref_src=twsrc%5Egoogle%7Ctwcamp%5Eserp%7Ctwgr%5Eauthor
 
chattels: Joel Wing ‏@JoelWing2 13m13 minutes ago Iraq has suffered thousands more casualties which govt has kept under wraps to maintain morale musingsoniraq.blogspot.co... …
http://ift.tt/1O24fRx
 
chattels: Joel Wing ‏@JoelWing2 14m14 minutes ago Kurds admitted to keeping 1979 Peshmerga dead & 9919 Peshmerga wounded secret musingsoniraq.blogspot.co... …

http://ift.tt/1O24fRx

chattels: Najaf / National Iraqi News Agency / nina / cleric Muqtada al-Sadr said America will not immerse troops in Syria for fear of Vietnam's new but immerse other countries to do so. Sadr said in response to a question about the possibility of sending US troops to Syria, he was " According to the current political rules .. that America will not immerse troops in Syria for fear of (new Vietnam), so they immerse policies and some other countries in the quagmire of Syria "  chattels: wealthwatch.world/showthr...
​
http://ift.tt/1QcI7bM

via Dinar Recaps - Our Blog http://ift.tt/1O24fRz

Tidbits From TNT Members Early Tuesday Evening 12-1-15

TNT:

TENNWOLFMAN: -Ok here goes--1st of all no I didnt exchange--2nd of all we are closer than we think.

Now then, she(WM) wanted to make copies of all my currencies front and back.. She also wanted to update my profile and add my copies of currencies to my profile.

She said that some people will have to have a backgroung check run on them--all depending on how much their total currency came to. (and NO she didnt say how much so dont ask)

She started a background check on me after taking down all my info. All of this took quite a while but who cares about time anyway when it comes to this kind of things.

She did however tell me they were no longer buying or selling any foriegn curriencies.
....

When we were finished with the pre rv info-she got up and unlocked the door to let me out. She then told me she hopes to see me again before this weekend. That she would call me if it happened..

Sorry, but I can' say anything more.'

************

JerseyBoysFaninMN :  Thanks, Tenn. Wow! They are really setting you up for success once this goes. You will probably have a 10 minute exchange appointment because you are already so far ahead of the game. Good for you!

Dot : "No longer buying currencies"..? Tiny bit confusing because isn't she gonna buy yours?

Tennwolfman :  Dot - no, she will be EXCHANGING mine

Briona : Tenn...with your experience with the wealth manager, how long do you think it will take to complete the exchange process?

Tennwolfman briona - can't really say, but 20 minutes is not working any longer IMO   I was in there around 30 min, but we chatted some….Personally I dont think I will be ahead of anyone - just be a simpler exchange when we go.

Tennwolfman : just my opinion - but I think some will have a follow up appointment a day or two later to discuss details...

isa52bc: Wolfy, that makes perfect sense about the follow up appointment!

LadyB22:  I hope the exchange locations will be set up to run professionally, Delarue machine hooked up to laptop, which records the serial numbers on each bill. Bruce said some banks will also have Delarue machines.

Calgoldy:  Bottom line...IMO...I think every bank and every WM will do things a bit differently....they all have their system of doing things...are clients that they deal with often enough and will do diff things in dealing with them

Elmerf123456:  Forex now polling at 1077.80. A new low.

Mangelo:  Hello elmerf wow that's great news 1077.8 wow!

Iko Ward:  Tonto, I think our work here is done

Elmerf123456 : Anyone like Jiffy Pop? Well let's just say the foil is stretching and I can hear the sizzle. IKO, you feel me?

mangelo : I don't what the delay is..... my friend from Iraq says his cousins are happy and buying things they have LD's but he did say they said not everyone has them yet. he wasn't able to get a hold of them today.... so let's hope this party get's started....

Elmerf123456:  Folks no game play here. Everyone has had a tough past 24 hours. Things are gonna get real as things are looking amazing and the pre-news is surfacing all around. Stay grounded and find that smile!

via Dinar Recaps - Our Blog http://ift.tt/1O20ZWf

.

via Dinar Recaps - Our Blog http://ift.tt/Vfu1Nx

KTFA Monday Night CC 11-30-15 Notes by Aggiedad77 Part 2

Part 2:

So what goes on with the currencies in the basket….the USD…..they are all activated by the IQD that leads them all….the S. Korean Won is also something too.

The USD is so high as it prepares to reach across as it prepares to shake hands with the IQD….when….we believe in the first quarter of next year…that would be the RV state.

Before we leave this basket….did you see that Russia and China swapped their currencies….because it is part of the deal….many countries are doing things with their currencies…..I won’t give you a number, 12, that would be ridiculus.

The Chinese Yuan is also called the Rinembi but it is also seeking GLOBAL status strength by sitting alongside other elite currencies….the USD, yen, pound, euro….that’s the basket….yes….but let’s now call it a currency coalition basket.
....

The CBI articles that we talked about said very plain and clear looking back at all this week….they say the governor of the CBI “keyword”….we told you what that represents….you will never see it say Allak any more.

Abadi was with Shabibi…..how are you doing Shabibi….how is the CBI….really good….we are excited….yes I’m excited too about launching the budget next year…..hey Abadi….can you pass more laws…..for the corruption we have going on…..you know I had some people falsely accusing me…..yes we can pass more laws to remove this cancer, this corruption in our government and even in the CBI….yes go ahead and do that. I’m passing laws in the CBI too. Any banks that do not follow my orders will be fined….we are about to get serious….these banks have to walk a straight line, or I will bust them big. Ok, Dr. Shabibi…..I got to go for now.

Many saw me make a post “for me only” it said #2NYC fast…..a few days ago VP Biden was asked to go to NYC quickly….we can’t talk of it yet….but wanted to show you what it meant.

We’ve established that Dr. Shabibi is back at the helm and that Allak has nothing to do with the the office or the 50k’s….even as other forums talk of them…..there were never any new 50k’s printed….there were 50k’s from 2012…..so he’s been told to shut up….to stop adding confusion to things. But somehow he is still trying to be in charge….but he’s not….that is the end of this subject.

Dr. Shabibi wants this to happen at the beginning of a year or the middle of a year…..he said give me a long weekend…..they will be gone on holiday starting Wednesday night….all Thursday….all Friday….all Saturday….maybe even Sunday.

Is this timing….yes…it is the perfect storm for the RI…..a RI has nothing to do with a value or a exchange rate, with a number or math….it has to do with recognition of the country with its currency they have redenominated that they passed these laws….that they enter the international world…..that they have done all that the IMF has asked…..just as we the US has been working with them….we are the IMF….

America is the most powerful nation in the world….even more powerful than China…..but China has the army that could destroy ¾’s of the population at the blink of an eye…..perfect storm….Wed-Sun…..RI into RV…..that has nothing to do with math….did you pass the laws….yes….good….did you work with the IMF…..yes….good….did you redenominate….yes….good…..this is all part of the reinstatement of the currency……so this is beyond fascinating…..this perfect storm holiday that is coming up.

The basket gets stronger….this basket that the IMF has put together…..China will be a part now….but no later than June 2016….interesting….and RI into an RV….nice….ready….set….go. Each currency is seeking support not from each other but from not killing each other…..the economies….things are about to explode…..my fear is it will cause much of the world to not need God…and in my opinion it would be perfect timing for a surprise for mankind.

Now last Monday what did we say would happen on December 15….that is when the RI would start….then 7-10 days into the RV….at that time we said taxes and tariffs would go into play at that time too….these taxes and tariffs need a new rate, not a program rate…..if we do not see the taxes and tariffs at the borders by the 15th, then I fear we are not ready for the RI into the RV….because there are new a math….because there will be new software and codes because this is what the WTO demanded…..not just the WTO….but they are the first to need a specific software and coding for products that pass a countries borders that allows for a tariff to be collected…..

The WTO cannot allow this to happen until Iraq shows a new math that is something besides the 1166 program rate….something indicative of their new currency….1166 is not fair trading……1166 is an insult to the rest of the world…because it is a program rate…..therefore the RI into the RV removes the program rate and introduces what they will start at….we told you last week IOO 40 cents.

We are with the citizens because they are next in this process while the RI goes into the RV…..this is NOT a fake rate…this is a program rate.

We are not where you are….we are not where the Internet is with this study of the MR…..we are confident of our studies…..where we stand….only with the citizens.

We want to see the hands of the citizens…..because in the hands of the citizens you will not find the 50k’s, the 100k’s, the larger LD’s….we will find the smaller LD’s….because they are qualified for the RI…..they are about to go from the RI into the RV….we think it may take 7-10 days for this to happen…..we think 1/1/2016….we think by the 11th of January we might be at 1 to 1…..hmmmm.

So 2015 is the RI…..starting on December 15….going into an RV in 2016….from 40 cents of up to a dollar….the RI of the dinar is to give it purchasing power in a revalued condition….the RI is to remove the program rate…..the RV is to see 40 cents to a dollar.

There is software….there is quoting…..but we don’t know what the numbers are….but this math must change by around the 15th....because the math of 1166 is not math….the coding is there….that is why we are confident it must start around the….but if it does not…..they were not ready.

This all started like 2 years ago with the IMF…..on the 10th of November we told you of a meeting with the IMF, US, and Iraq that they would float their currency in December.

About two years ago the IMF told Iraq we are coming back into the country, we will hold your hand, we will put the pacifier in your mouth….we will get rid of the bad guys, including Maliki…..you want loans….we will give you loans….because you just signed a contract with us…..almost two years ago….it said we will give you money through loans….we will provide American know-how….we will take care of the bad guys….you sign this dotted line…..it says you have to be international with your currency by the end of the first quarter of 2016.

Abadi says yes….Shabibi says yes we are ready….they go to the Holy Man for his blessing….all in agreement. In the first week of October we had a staff meeting…..told them all…..and keep this to yourself in prayer….on November 21 the LD’s will be in Iraq….and they will distribute them in December….well it happened 3 weeks ahead of time…..I think it was to fulfill this contract…..don’t mess with the IMF….the US….there are consequences….usually they are financial….no one wants anyone to touch their money…..you signed this contract….yes we are impressed with you thus far.

You are going to float the currency…when…the middle of December….well if you float it all this reinstatement…..you will have to add some kind of value to the currency…..are you taking care of the citizens…..you know you don’t have to take care of anyone outside of your country….sounds like we are in business.

So in 2010 we were at 1170….and 2015 we are at 1166….someone call the UN and tell them we are at 1166…..yes…they were called….why….well we told them we are ready to pay our dues now….we told them we are in business now…..let me get this straight…you do know why the UN put your rate of 1170 back up there is because they know what you are doing…..so we called them and told them we know what you did, we want you to know we are about to pay our dues……they told us they know…that 1170 means nothing if you Iraq are truly ready to make this change. They are so poised for 2016…but they are so ready for 2015.

We told you the MR is no longer of interest to the teams….we are way past that….because we know it goes from RI into an RV….now if we don’t see taxes and tariffs by the 15th then we may need to have a mid-course correction if we don’t see this….if we don’t see the tariffs at the border…..that would be a rate wouldn’t it….the RI into the RV.

Delta….ring ring…..hi Frank…..well Frank we have the report….do we have more….yes sir…..let me tell you about it…..there are rumors that are all over the streets but the rumors are now within the banks of Iraq….very heavily…..they think the rate will be out the 17th…..close to our date…..yes but their opinion of the rate is different…23-27 cents is this rumor around the middle of December…..they talk a lot like us Frank. Delta what do you mean they talk a lot like us….they are talking about the IQD and the USD.

Family these are rumors that are all over Iraq, the banks, the barbershop, the hookah bars….and within the banking system….is talking about the same that we are talking about….we walk the same path…..they even speak of the 50k’s…..not that they will be introduced…..that the 50k’s will be introduced AFTER the RV….they even joke about them…..hey Frank…why don’t I bring in my 50k and maybe they will exchange a 50k for mine.

Will we see a rate in 2015….something change in the program rate in 2015…..yes I feel we may see this….but also I feel we may not see it in this 7-10 day period….will their articles tell us, will their products show a rate change…..who knows…..but by next year we should see….not 40 cents but 1 to 1 with the USD…..the USD has held its position for over a week at or over a dollar….it makes sense that it is doing this right at the end as it prepares to reach across the pond.

The IMF contract with Iraq….we will give you loans….we will monitor all your steps….but you have to have your MR steps done by first quarter of 2016….international tradable….you must have GLOBAL market capability….you must do this now…now…now….they were told this in September…and boy did they start to act fast….then they met on the 10th of November with the IMF and the US….it takes 30 days to implement what they talked about on the 10th….so we may see a new rate earlier in December….who knows.

The UN and the IMF have a relationship…both completing each other…..an example is Iran sanctions……applied and lifted.

They did tell me the RI into the RV can be 7-10 days….or it may also happen at the blink of an eye…..but if they want to hide it…..they can….without us seeing it….banks will be using this new rate….but we may not see it.

December is a hot month….I’ve wanted to give you this report…and you’ve wanted to hear this report.

 

Summation…..the RI as you know has nothing to do with numbers….it is a qualification of their country to be introduced into an international market…that is why the IQD is not traded right now, because of the locked program rate…..no sanctions left to be filled….all are lifted…but there are articles under the IMF but it looks like they are fulfilling them….we think they will start about 40 cents for the citizens…..then it may wait 7-10 days….or may start right away….they may apply this new number in the middle of December….

Dr. Shabibi is ready to show this new number in the middle of December….the 7-10 day could be for distribution across GLOBAL banks….with the 1 to 1 by the first quarter of 2016…..then by the end of the year (2016) they will be where they want to be….just ahead of Kuwait….KW used to not like this…but they have gotten all they asked for….so they don’t care now….at that point they will cap the rate…..that is why it won’t be a free float….

It has to be a managed float so they can cap it once they get to the point where they want….otherwise with a free float they have to answer to the 2% growth and it would take like 10 years to get to that cap point.

Is the USD in a free float…..no….that is why it is at a ridiculous one dollar.

IMO….IMO…..when they cap this toward the end of next year….I think they will be between 3.86 and 4.30.

When will the currencies in the first basket go…..I can’t give you that….the dinar leads them all….that is what we study.

There is a calmness right now, I’m not bouncing off the walls as I thought I might be…..calm as we wait. I did look at my dinars last week, something I haven’t done in years…..I find a controlled chaos, or a disciplined chaos….also nervous…what a great responsibility.

Parliament is back on the 8th of December, will the rate be affected if they don’t vote the budget in…..yes if they don’t do the budget and don’t do the taxes and tariffs then this will delay things……we are confident this will happen or we wouldn’t be here giving you this call tonight.

IMO…..back in 2004 there was 4.3 trillion dinars printed…..we believe there are 16.8 trillion today….not what others on the Internet say.

Dismissed with a prayer.

via Dinar Recaps - Our Blog http://ift.tt/1O212kV