IQD CALLS Chat Early Monday 9-23-19
IQD CALLS Chat Early Monday 9-23-19
Larrykn Good Morning everyone
larrykn Al-Halbousi stresses keeping Iraq away from war https://www.thebaghdadpost.com/en/Story/43946/Al-Halbousi-stresses-keeping-Iraq-away-from-war
larrykn Iraqi President, Pompeo meet on sidelines of UNGA 74 https://www.thebaghdadpost.com/en/Story/43945/Iraqi-President-Pompeo-meet-on-sidelines-of-UNGA-74
larrykn After Month-Long Standoff…Iran Releases British-Flagged Oil Tanker https://www.thebaghdadpost.com/en/Story/43947/After-Month-Long-Standoff-Iran-Releases-British-Flagged-Oil-Tanker
larrykn Iraqi gov’t closes 4 camps for IDPs in Nineveh https://www.thebaghdadpost.com/en/Story/43943/Iraqi-gov-t-closes-4-camps-for-IDPs-in-Nineveh
larrykn Iraq, Jordan, Egypt hold tripartite summit in New York https://www.thebaghdadpost.com/en/Story/43940/Iraq-Jordan-Egypt-hold-tripartite-summit-in-New-York
Chattels There would seem to be little doubt as to the meaning of " delete the zeroes " if the old article posted by Larrykn is to be believed, eh ?
chattels " In the longer term, Saleh said a redenomination was needed wherein three zeros will be dropped so that the 25,000-dinar banknote -- currently the largest denomination -- becomes a 25-dinar note."
chattels I read where sandyf got maligned again for posting. Sad.
chattels I have no great wisdom at my disposal, but I have experienced and come to believe that there is a great difference between what one knows and what one thinks that they know. We would all do well to allow for the possibility that we are wrong and someone else is right.
futuremoney chattels that definition speaks of a Lop to me...
chattels Thus far in this venture no one has been proven right.
chattels futuremoney Unless one is going to change the meaning of the words.
futuremoney pretty straight forward
chattels sandyf takes issue with the use of the word " lop ", but my sense is that the practical economic effect of a redenomination is a " lop ".
futuremoney that's ben my concern for about a year now...come out with the 25 notes...then give 25000 note holders a certain time frame to redeem their note for the previous amount ...or oose it
futuremoney 3 zeros in general...
futuremoney they did that when they got rid of the 50 note...
chattels futuremoney I think that we have to allow for that possibility. Now, whether other things can be done to increase the value of the dinar contemporaneously remain to be seen. Will or can we benefit ? I hope so.
futuremoney I believe our investment has been a misguided journey
JoeSchmoe futuremoney are you thinking it's going to lop now too?
chattels futuremoney A distinct possibility.
futuremoney don't know
foxmulder The exchange rate ! Is the main objective for me... drop the zeros whatever.
spankie time to sell--
JoeSchmoe I just know that when I first got into this thing 10 + years ago, I remember that one currency site....what was it?....it always said/warned that Iraq was planning an RD.
foxmulder Saleh noted that until 1980 the Iraqi dinar exchange rate was 1 dinar/$3.3 compared to $1/1,168 dinars now due to hyperinflation that occurred during the latter part of the late ousted leader Saddam Hussein's reign. Newest
futuremoney JoeSchmoe it used to be in red on the XE currency site
JoeSchmoe I always figured an RD was what we wanted....new notes
JoeSchmoe isn't the ld's basically an rd?
futuremoney look up what google says about RD...aint pretty
JoeSchmoe yea i know
JoeSchmoe but could it also be a translational thing too, like much we read from over there?
futuremoney we might have to trade our 3 zeros for the new notes , then hope the rate goes up
chattels Head of Iraqi Integrity Commission says he is resigning due to political pressure & the role of all political blocs in continuing to spread corrupt in all areas.
futuremoney if it comes to that,, I will be done
JoeSchmoe by what we think we know about a LOP, hyperinflation is not an issue...or so we think. So what other reasons do countries LOP?
JoeSchmoe I mean, would they LOP just because of the amount of notes reported in circulation?
JoeSchmoe just get this thing over with finally
futuremoney I heard they would do it just for the book keeping aspect ...getting rid of having to deal with trillion versus billions
JoeSchmoe well in any case, no one can say they didn't warn us
JoeSchmoe by record, I was warned 10 years ago
futuremoney same here but I refused...lol
JoeSchmoe me too
Doug_W bottom line is : as always we wait to see
JoeSchmoe that above article which speaks of this rd, when was it dated
chattels JoeSchmoe 2011
JoeSchmoe chattels so there has been nothing more recently, say the past 5 years, that speaks of this?
JoeSchmoe 2011 sounds about the right time frame for when I saw it on xe.com. I've held for 10+ years, but didn't find forums til 2010
chattels JoeSchmoe Yes, lots or " deleting the zeroes " articles, but that 2011 article is the clearest definition of what " deleting the zeroes " means, IMO.
JoeSchmoe yea, I know we've heard of dtz A LOT lately.
spankie wonder if they put this out for propaganda - get peeps to sell or not buy--
JoeSchmoe back then, were they describing an RD as dtz?
JoeSchmoe spankie that could be gurubish too
chattels JoeSchmoe You may recall the debates over ".00086 " and removing the zeroes from the front, etc.
JoeSchmoe and was hyperinflation a concern back then too?
JoeSchmoe chattels who wouldn't take that and run though
chattels JoeSchmoe Inflation has been modest in Iraq since the advent of the new Iraqi dinar.
spankie chattels seems more likely for iraq to get ahead-
JoeSchmoe chattels I'm just curious as to if they started talking about an RD/LOP because they might be concerned about hyperinflation possibly
JoeSchmoe way back then
chattels JoeSchmoe I have not been able to comprehend it myself.
Doug_W chattels JoeSchmoe welcome to MY world
JoeSchmoe chattels which leads me to question any other possible reasons to rd/lop?
JoeSchmoe maybe if the whole world wasn't involved in this, lol, it would happen>?
JoeSchmoe or so it seams at times
chattels JoeSchmoe There are, but arguably none apply to circumstances in Iraq. See https://www.investopedia.com/terms/r/redenomination.asp
JoeSchmoe Doug_W your wolrld, and many others
JoeSchmoe chattels the first two reasons in that first paragraph do not apply, thats for sure
JoeSchmoe well....devaluation from decades ago maybe
chattels I have been told that Iraq's currency will add value, but one would be have a greater appreciation in the stock market over the same period of time.
spankie 2% a month
JoeSchmoe This kinda scares me, because of what people say about both notes coinciding for 10 years---After redenomination, old notes may still circulate for a time, but are usually exchanged for the new redenominated currency.
chattels It has been now almost ten years for me.
chattels What would my money be worth in stocks ?
JoeSchmoe this is all beginning to depress me. im outa here
Doug_W 30% more at least "C"
spankie still everything unknown- guessing
chattels I have earned the nickname " wet blanket " over time from many.
Zig Many of us just jumped into this for the wrong reason(s)......we were told by a friend (acquaintance) to hurry up and get in or we would miss out getting filthy rich "overnight".....we did not investigate it before taking the plunge.....and after getting in we listened to the wrong people for a while.....thinking we would be millionaires every week....thinking they were going to RV to $3 overnight.....
chattels I posted earlier about the Integrity Commission and there is is this " related " article. HOW IRAQ’S PARLIAMENTARIANS CONTRIBUTE TO CORRUPTION
Posted by Iraqi Thoughts | Sep 23, 2019 https://1001iraqithoughts.com/2019/09/23/how-iraqs-parliamentarians-contribute-to-corruption/
Chattels " In order to tackle corruption in Iraq, soft corruption and informal networks need to be addressed, because they enable the suitable environment for ‘hard corruption.’ This is a difficult task because it is related to a culture that sees in ‘wasta’ an important approach to get things done.
It is very challenging to achieve progress against corruption in such a culture, yet it is not impossible. Decision makers need to inform themselves how nations were able to achieve progress instead of just giving anti-corruption empty lip-service."
chattels Lots of " lip - service " in Iraq.
chattels As I am fond of saying, it is the difference between rhetoric and reality.
Doug_W can be FAR apart "C"
23 Sep 19, 09:05 AM chattels Work and the privilege of service to my fellow man is calling. Have a fine day all.
Doug_W Silver:$18.700 that is PLUS .64
Andrewetoldthem the meeting with united nations started today and finish on the 30th today its about climate change the youth and freedom of religion
Andrewetoldthem tomorrow its about economic reform unity and global etc...... including iraq the president of iraq its already there and i think mahdi will arrive tomorrow and have a seperate conversation with trump campAIGN ON THE SIDE AFTER
Wilder We pray for a great report
Doug_W what did Andrew tell them?
Wilder Doug_W to show you the money.
Wilder Silver predicted for $20.00 plus next month. We shall see.
Young_SC 9-23-2019 Newshound Guru Jeff ...Iraq just shifted gears on you...they have to have a permanent completed formed government without proxy positions...the Education Minister has to be voted in and then as of this morning the news is telling you that "temporary" does not mean "stability". They have to get rid of the temporary proxy positions during the month of October...basically they're telling you they have a drop dead date of October 24th...this throws a curve-ball into things...