IQD CALLS CHAT Early Thursday 8-22-19

IQD CALLS CHAT Early Thursday 8-22-19

Post From IQD CALLS  Chat Room

 Goofus   8-21-2019 Newshound/Intel Guru Mnt Goat ...the flood gates have opened and the news is pouring in. ...The parliamentary finance committee has decided that the CBI needs to move to the next step of the “project to delete the zeros” and put the Iraqi dinar on a “level playing field” with the rest of the middle east currencies.

Yesterday they came out with the announcement to re-mint the Iraq coins once again. They are saying they now need to put together legislation in which to give the CBI permission to do so...

Goofus   Here we go -- don't think I'll take the bait. Won't sell what I have --- but not another nickle. Thank you.

Matt   Dow Jones Industrial Average  INDEXDJX: .DJI   26,202.73 +240.29 (0.93%)^

sandyf   @Tebow sandyf aYou mean like when the CBIn said they were going to redenominate, you said it was fake news.gain I never said ", maybe you have been up too late or too much too drink. Or maybe just confused! But try to get it right.

If you claim to have never said it was fake news then obviously you agree that Iraq has said it will redenominate. The pigs have been refuelled and ready to fly.

I am not particularly interested in what gets said unless it is fact. Problem is that some want to make up fact and when challenged resort to personal attack and insults.

sandyf   @Dave Zeros will not change the value of the currency, and will help ease the circulation of currency and fragmentation and storage and calculation .. These are good qualities of the currency, the most important of which stability and confidence. # Adel_Abdulmahdi

You have to bear in mind that the English text is a translation and cannot be taken word for word. One of the big problems is that many do not understand the difference between the monetary unit(Dinar) and the currency(IQD). Countries do not remove zeros from the currency, they are removed from the monetary unit.

In a redenomination the currency IQD would retain the zeros and a new currency introduced that did not have zeros. The old Turkish lira TRL still has zeros, it was the new currency TRY that had the zeros removed.

When reading articles care needs to be taken in respect of the context, are they referring to the monetary unit or the currency.

Dave   like i figured..... i knew sandyf was going to chime in.......translation errors

Dave   lopsters......?????    fits their paradigm

Dave   thats what Turkey did......as did IRAN...but with 4 zeros

Dave   dinar.....iqd....coins.... i suppose mean entirely something different

Dave   fils......sorry

Dave   missed the boat yet again.....

Dave   What is IQD?      thought it meant Iraqi dinar?

Tebow   Dave it does

Dave   recollect the IQN

Dave   so no translation difficulties.......thought recent news made perfectly good sense

Portmagaland   Lobsters are fir eating not our dinar.

JoshHi all   Greetings from Europe

I would be happy if someone knows an answer to my question

I have a question about the Dong if you have 1 million Dong as an example how is it extrapolated at 0.47 cent for example you would calculate 1 million times 0.47 cent

second question to you

how that is calculated with the iraque dinar if the 3 zeros are deleted then at 1 million dinars would be worth 1000 dollars if it is then revalued for example with 3 dollars then it would be worth about 3000 dollars

or do we get the full value with the iraque dinars we bought.

or what would be 250 000 thousand iraque dinars worth according to the RV

Thank you very much for your help.  Have a nice-day

larrykn   Good Morning everyone  Josh are you new to the dinarworld?

Josh    Jes @larrykn

chattels   Josh I HAVE AN ANSWER(S), BUT IT IS NOT "THE" ANSWER.

chattels   Because I do not think that anyone really " knows ".

chattels   Your first is answered by your example according to many.

Josh   Hi @chattels yes, if you know etaws, it would help us a lot.

Josh   @chattels What do you mean I don't understand what you're saying?

chattels   There a several answers to your second question and you set forth two scenarios that have a following in the dinar world.

chattels   On the dong, " calculate 1 million times 0.47 cent ".

Josh   @chattels i have read yesterday on twitter from dr.Clarke because of the zero drop that has irritated me then a little bit so Frank26 or Delta who should surely be able to say something to it

chattels   Josh I do not believe any of those people know what they are talking about.

Josh   @chattels many thanks for the dong answer wre quite a lot i didn't expect that at all

chattels    Josh All " answers " in this process are just theories.

chattels   Josh NOBODY knows.

Josh   @chattels really i thought delta and frank 26 samson ect would know that yes i ask myself then write warm the then so much of it

chattels   Josh Those people have been saying things that never come true / happen for years

Josh   @chattels how does one get to these theories and when I read the calls from TNT Tony RayRen98 then I wonder how do these banks know something like this?

chattels   Josh What is your " first " language ?

Josh   @chattels german

chattels   Josh Some people just make things up for money or a following.

Chattels   Josh Everyone you have mentioned is not well thought of in this chatroom.

chattels   There are many in " dinarland " that have a very casual relationship with the truth.

Josh   @chattels yes, I think that is also unfortunately earned with the ignorance and misery of the people a lot of money

chattels   Josh Desperate people believe desperate things.

Josh   @foxmulder yes, that's what i think i'm really wondering who's passing the truth on to us here

chattels   Josh We may not know the answer to your wonderment until there is a liquidity event, if ever.

foxmulder   Josh well the people here only try to follow the news and articles coming from Iraq

Josh   @chattels yes that is unfortunately so I am realistic and also very critical and have long searched to write with someone from Europe it is almost impossible

Josh   @foxmulder yes I have already heard that I have read 2 days ago the newspaper of the Iraque since you mention because of the currency I understand something Arabic

chattels   Josh This whole process is a " long shot ", a once in a millennium event if it happens. Do not invest more than you can afford to lose.

Josh   @chattels from the dinar that I already believe but the rest as well as the Zim that is such a question ?

foxmulder   Josh I just hope Iraq follows through with action ! Their intentions

Josh   @chattels yes that's what I'm doing I'm very careful and also my people here

Josh   @foxmulder yes I hope so too but I think the USA says what you may or may not do

chattels   Iraq braces for major decline in lucrative fuel trade

Heavy fuel oil exports have become a major revenue stream for Iraq, but new international regulations are projected to lower demand drastically.

Iraq braces for major decline in lucrative fuel trade

By BEN VAN HEUVELEN AND STAFF of Iraq Oil Report    Published Wednesday, August 21st, 2019

New international shipping regulations are about to disrupt a heavy fuel oil (HFO) trade worth hundreds of millions of dollars to Iraq, creating additional urgency for the Oil Ministry to upgrade its outdated refining infrastructure.

Iraq currently exports about 55,000 barrels per day (bpd) of HFO, a byproduct of crude oil refining, which can be used to power large, industrial engines. But beginning in January 2020, the International Maritime Organization (IMO) is raising the standards for HFO that is burned in ships, drastically altering the market.

chattels   https://www.iraqoilreport.com/news/iraq-braces-for-major-decline-in-lucrative-fuel-trade-42040/?utm_source=IOR+Newsletter&utm_campaign=581c24c5d0-Email_Update&utm_medium=email&utm_term=0_f9870911e6-581c24c5d0-192866317 

chattels   Josh, for you, Germany to help Kurdistan, Iraq with 'resurged' ISIS: defence minister https://www.rudaw.net/english/kurdistan/21082019

chattels   Pro-Sadr camp ups the ante on Iraqi PM By Mohammed Rwanduzy https://www.rudaw.net/english/middleeast/iraq/210820193

chattels   ERBIL, Kurdistan Region — Iraqi parliament’s Sayirun alliance, headed by influential Shiite cleric Muqtada al-Sadr, has upped its criticism of Prime Minister Adil Abdul-Mahdi for what it says is his failure to live up to the promises of improved services to Iraqis that it made upon appointment.

chattels   Abdul-Mahdi’s administration has come up short in meeting the needs of the Iraqi people “who lack the simplest of the essential services,” added Ileiwi.

chattels   Sadr also urged the PM to act against corruption, claiming that – despite Abdul-Mahdi’s formation of a supreme anti-corruption council, progress on rampant state corruption had not been made.

chattels   Abdul-Mahdi, who does not belong to a political bloc, was chosen as a “candidate of compromise” by the Fath and Sayirun alliances for the role of prime minister in October 2018.

chattels   sandyf " ...One of the big problems is that many do not understand the difference between the monetary unit(Dinar) and the currency(IQD). Countries do not remove zeros from the currency, they are removed from the monetary unit.

In a redenomination the currency IQD would retain the zeros and a new currency introduced that did not have zeros. The old Turkish lira TRL still has zeros, it was the new currency TRY that had the zeros removed. When reading articles care needs to be taken in respect of the context, are they referring to the monetary unit or the currency."

Young_SC   The "Finance Committee in the Iraqi Council of Representatives announced on Monday (19-August-2019) the" government direction to reinstate the currency and delete zeros from paper currency in order to strengthen the national economy

Young_SC   https://www.mawazin.net/Details.aspx?Jimare=61023

chattels   The main political issue in Iraq this month has been how Abd al-Mahdi has been pilloried from nearly all sides over his govt's underwhelming "achievements report." Amiri's Fatah is one of the few not attacking him. It is hard to see him doing anything about this.

chattels   The second statement by Faleh al-Fayyadh, the official - and largely nominal-head of the PMF, reflects the rift or lack of coordination within the PMF leadership. It softens the language and even goes as far as publicly disavowing Abu Mahdi al-Muhandi's statement.

chattels-   PMF head Fayyadh walks back Muhandis accusations; says blasts "premeditated act" but perpetrators unclear    -Pentagon denies involvement       https://twitter.com/UticaRisk

chattels   Josh Even people in this chatroom disagree as to the meaning / import of news articles.

chattels"  ...... the English text is a translation and cannot be taken word for word."

chattels   Add to the foregoing that this is Iraq and rhetoric is often times not reality.

chattels   Have a fine day all. My reality is upon me. Time to work.

Tebow   only one that doesn't understand is sandyf

Josh   @chattels yes there you will be right wish you a great day I am also at work I have been happy with you to write.greetings Josh

Tebow   they ain't popping

Josh   @Tebow what do you mean by that?

Tebow   lopping

spankie   if a lop they would have done it years back- too much preparation

Tebow   just one lopister's opinion

spankie   if changing to fils then u would think reval prior

spankie   fils at rates now u need baxters semi truck full of them to purchase

PortmagalandTebow I meant Tebow, you're a lobster now? Good morning.

 

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