Zig’s Place Chatroom News Friday Evening 3-8-24

butterfly  Seck would know what the rate was, I believe it was 2.85 when they had the downfall of Saddam. Ask yourself, why would they not go back to that same rate, not 3+. It just does not make sense. IF they do go back to the rate, I truly believe it will be even lower then the 2.85.

Seck  By the way the Iraqi dinar real rate was around a $1.80 before saddum then the rate was around 2.80 then after the first gulf war saddum hiked it up to $3:22

Seck  butterfly lol

Sah  Seck I knew it was not that high.

butterfly  Seck there ya go giving the information I forgot years ago.

butterfly  I remember it was a David you talked with.

Seck  But the whole time of these rates was while a dictator was in power.

Seck  butterfly yes David Braggs

Sah  There had to be an original rate further back that the IMF claimed.  Can't just state a rate for your country without going thru the steps makes an illegal rate. Has to be approved by the IMF, BIS, World Bank and UN first before approved. Otherwise it is an illegal rate.   Can not be used Internationally.

Zig’s Place Chatroom News Friday Afternoon 3-8-24

Dave   Wow!...FOREX IQD 3.12 BUCKs..... WE BE RICH......LOL

Zig   Dave : LOL....Sheila told me that that is futures trading of the IQD.....never heard of that before

PM Dave   FUTURES SELLING? 3.12 bucks....SOLD!!!

Dave   Zig Sell you all mine fer a dime...

Zig   Dave : I do not understand that platform futures trading that sheila has mentioned.....I would ignore those rates.....lol

Dave   how aqbout a nickle?

Sparky   Dave ... you and me both ...

Dave   Sparky Should be ASKing shelia orTWW fer a nickle then?

Zig   Dave : Kap thinks we could see a nickel in 6 months after the float starts.....lol

Dave   LOL

Zig’s Place Chatroom Discussion Late Tuesday Evening 3-5-24 

Sheila   THOUGHT THIS MIGHT BE OF INTEREST FOR YOU TO CHECK OUT AND VERIFY: VIDEO: FOREXLIVE.COM -- ForexGirl comes into video about 1 hour into video --- WATCH THE ENTIRE CONVERSATION WITH ForexGirl and Frank26 -- https://www.youtube.com/live/L69tLJTL0ZU?si=0KK0_P9uTOxijeZ6   --- https://www.forexlive.com/LiveCharts  USD/IQD CURRENTLY TRADING @ 2.80  - MARCH 5, 2023

Sheila   gotta get off to work, later all

Zig   Trading at $2.80?...that makes no sense but I will investigate further.. Nothing to corroborate that

butterfly   Zig It would be all over the news. CNBC would stop and report.

Zig   Yeah

Dave  2.80.....CBI fails to mention that?

Dave  do enjoy reading about a lop.......  :wheelbarrel: that would be how monetary policy werks.....,.lol  just checked EU sanction map....IRAQ...UN's updates from yesterday  https://sanctionsmap.eu/#/main

Zig’s Place Chat and News Wednesday Evening 9-13-23

NORV  Article:  The most important reasons for currency floating - the benefits and harms of currency floating

What is meant by currency float?

NORV   Benefits of floating currency

There are several benefits to currency flotation, the most prominent of which are:

Is floating currency harmful?

Floating a currency is not necessarily completely harmful or beneficial, but rather depends on the economic and political conditions in the country in question.

Zig’s Place Chat and News Monday Evening 9-11-23

Butterfly   The dollar resurfaces with a UN call to amend “Brighton Woods”

It controls international transactions despite the difference in the size of economic power Published: 15:42-21 May 2023 AD .....    The Dollar Resurfaces With A UN Call To Amend “Brighton Woods”

It controls international transactions despite the difference in the size of economic power

Cairo: Sabry Najeh  Published: 15:42-21 May 2023 AD - 02 Dhul-Qi’dah 1444 AH

International calls to reduce dependence on the dollar in trade exchange between countries have increased, in the wake of global unrest (most notably: Covid-19 and the Russian war), which raised the price of the US currency to record levels, which contributed to the scarcity of its presence in emerging markets, and created the need for an alternative. Some countries began In formulating his idea.

Zig’s Place Chat and News Friday Evening 9-8-23

Butterfly   Be prepared to pay higher price for your gasoline: A recent report highlighted the control of the OPEC+ coalition over the oil market, after the decision to extend the Saudi voluntary reduction in production, as well as Russia extending the reduction of its supplies to global markets.

The report - a copy of which was obtained by the Specialized Energy Platform - explained that the cuts by the two countries are reviewed on a monthly basis to determine whether they will be deepened or reduced depending on market conditions.  This policy flexibility allows Saudi Arabia to maintain control of the oil market, according to the report issued by the Swiss investment bank UBS.

Zig’s Place Chat and News Tuesday Evening 9-5-23

butterfly   The President Of The Republic Confirms His Support For Efforts To Pass The Oil And Gas Law

Earth News / President Abdul Latif Rashid on Monday reiterated his support for all efforts to pass the oil and gas law in a way that preserves the rights of all Iraqis.

His office said in a statement to Earth News that “the President of the Republic visited the building of Sulaymaniyah Governorate, where he was receiving the Governor of Sulaymaniyah, Haval Abu Bakr, to discuss the service and administrative conditions in the city.”

Zig’s Place Chat and News Tuesday Morning 9-5-23

Sah   Al-Sudani is preparing a "road map" on Kirkuk with important parties

Policy  | Baghdad today – Baghdad, the leader of the Al-Fateh Alliance, Raad Al-Tamimi, confirmed that Prime Minister Muhammad Shia Al-Sudani will meet with "important" parties in Kirkuk Governorate in order to develop a "road map" after the recent events.

Al-Tamimi told "Baghdad Today" that "Saturday's events are unfortunate and almost got out of control had it not been for the rapid intervention of the federal government in taking a series of urgent decisions to contain the situation and prevent clashes that lead to more bloodshed," pointing out, "All A drop of blood is a loss for all Iraqi components in Kirkuk."

Zig’s Place Chat and News Monday Afternoon 9-4-23

Sah   points of contention between Baghdad and Erbil may plague the new draft oil and gas law.. What are they?

Policy  Alsumaria News – Politics  economist Nabil Al-Marsoumi revealed 6 differences between the central government of Baghdad and the Kurdistan region that may plague the new draft oil law.

Al-Marsoumi said in a post followed by Al-Sumaria News, “The first difference: Article 5 of the new draft oil and gas law stipulates the following.

Zig’s Place Chat and News Sunday Evening 7-23-23 

Sah   Vietnam going all digital including banking and government and private sector offices.

Sah   Vietnam’s digital economy to continue booming

Vietnam’s digital economy is projected to grow fastest in Southeast Asia, reaching 50 billion USD by 2025, a report said.   VNA Friday, July 14, 2023 20:12

HCM City (VNS/VNA) – Vietnam’s digital economy is projected to grow fastest in Southeast Asia, reaching 50 billion USD by 2025, a report said.  It would be aided mainly by growth in e-commerce, with platforms like Shopee and Lazada and top retailers like Co.opmart moving their businesses online, said a report of the HCM City People's Committee about e-commerce early this week.