Dinar Recaps

View Original

IQD CALLS Chat Early Saturday 4-25-20

IQD CALLS Chat Early Saturday 4-25-20

Doug_WMustafa al-Kadhimi's proposed cabinet list has been rejected

2 hours ago Lawk Ghafuri   https://www.rudaw.net/english/middleeast/iraq/24042020

Doug_W   https://www.rudaw.net/english/middleeast/iraq/24042020

Doug_W   [I]f they don't elect Mustafa al-Kathimi PM, I don't know what the point would be of going through the charade of nominating anyone else. The protests that led to Abd al-Mahdi's "resignation" have been totally marginalized, so just admit he'll stay on, and move on. https://twitter.com/UticaRisk

Source: Alsumaria news  The exchange rates of the dollar were stable on the Kifah Stock Exchange and local markets on Saturday, (April 25, 2020).

The prices of the Kifah Stock Exchange - Baghdad recorded 123,300 dinars per 100 dollars.

Buying and selling prices in banking shops:

The sale price of the dollar = 124,500 dinars.

The purchase price of the dollar = 122,500 dinars.

See this content in the original post

Doug_W   LINK

Crazycrypto   mississippi becomes the 2nd state to sue China

crazycrypto   more to come

Doug_W   GL Collecting

Doug_W   China has shot them self in the foot IMO

Doug_W   teh whole world will be looking to "source" goods from elsewhere and China will loose billions in trade

Francis Albert   "It is easier to fool people than to convince them they've been fooled."

Francis Albert   It must be groundhog day...It was "Dinar Weekend" the first week I invested in 2013 haha

Francis Albert   Sorry for being flippant. My source, my gut, says we are goooooood.

futuremoney   not mine..lol

Francis Albert   No, no gut thing for you future? I understand.

futuremoney   lol

futuremoney   however, Im still here

Francis Albert We all have unique guts..it is what makes the world go round

futuremoney   who is your source

Francis Albert   My gut, critical thinking, logic.

Doug_W  The Iraqi dinar is falling apart: Corruption and Corona are jumping in dollars

Posted on April 18, 2020

The Iraqi dinar is falling apart: Corruption and Corona are jumping in dollars

The turmoil in the Iraqi dinar exchange rate against the dollar recently led to negative effects, which directly affected the business sector and commodities in the markets, which led to the loss of confidence of dealers and investors in the monetary authority.

The decline of the dinar came after the Central Bank of Iraq stopped its activities related to pumping liquidity in foreign exchange to meet the needs of banks and their customers, as it was pumping an average of 140 million dollars or more per day to maintain the value of the currency and support its stability, and stopping the pumping of liquidity led to a jump in the exchange rate of one dollar from 1200 to 1280 Iraqi dinars, amid warnings of the continuation of this rise due to the curfew imposed by the authorities as part of the procedures to face the outbreak of the Corona epidemic.

In the midst of the financial crisis experienced by the world in general and Iraq in particular in light of the collapse of oil prices and the large deficit in the budget for 2020, the government faces great economic challenges, most notably the difficulty that the central bank can maintain the value of the dinar against the dollar because of the corrupt control of the auction of selling currency, according to What officials and economists see.

In an interview with “The New Arab,” an official in the caretaker government said that “the central bank cannot maintain the value of the Iraqi dinar against the dollar by continuing to pump the hard currency to the market, because of the lack of public revenues due to weak demand for oil and the decline in its price.” That “the central bank will have to legalize the sale of the currency for a certain period until oil prices rise again.”

And Iraq, the second largest producer of crude oil in the Organization

 

https://covid.joinzoe.com/us   COVID Symptom Tracker

https://www.worldometers.info/coronavirus/   Covid-19 Coronavirus Pandemic Stats

https://www.iqdcalls.com/chat/

See this content in the original post