IQD Calls Chat Early Tuesday 9-3-19 Part 1 of 2
IQD Calls Chat Early Tuesday 9-3-19 Part 1 of 2
larrykn Good Morning everyone
larrykn Iraq, UN sign agreement to support reconstruction projects
Part of the signing of the agreement between the representative of the Iraqi Government and the representative of the United Nations Development Programme
Money and business Economy News – Baghdad Iraq has signed an agreement with the United Nations Development Programme through the government's $33 million contribution to support the activities of its reconstruction and reconstruction projects.
"With this financial contribution, it is becoming one of the top 10 UNDP donors in the area of re-stability in Iraq," the Iraqi government said in a statement.
"These projects include the rehabilitation of infrastructure and the provision of basic services, such as water, electricity, health care, housing and education, in liberated and damaged areas, particularly in Nineveh, Anbar, Salah al-Din, Diyala, Kirkuk and Basra provinces," the government said.
"This agreement reflects Iraq's commitment to strategic partnership with the United Nations, aimed at restoring stability in liberated areas, restoring displaced persons, and building and rehabilitating infrastructure in provinces that have suffered and been affected by the country's conditions," the statement said.
The UNDP's Reconstruction in Iraq project, which has completed more than 2,000 resettlement projects to date, benefits more than 8 million Iraqis.
The project was launched in June 2015 at the request of the Iraqi government and supported by the international coalition against ISIS, to support Iraq's efforts to quickly restore stability to liberated areas and to help displaced people return to their areas. http://economy-news.net/content.php?id=17638
larrykn Iraq calls on Australian companies to invest in oil and energy opportunities
Economy News _ Baghdad The Oil Ministry on Tuesday called on Australian companies to take advantage of opportunities in the oil, gas and energy sectors.
"Deputy Prime Minister for Energy Affairs And Oil Minister Thamer Abbas Al-Ghadban met with Australian Ambassador to Iraq Joanne Lundis and her delegation to discuss ways to strengthen bilateral cooperation between the two countries in the energy sector," the ministry said in a statement.
"We are concerned about the situation in the region, but we are not aware of the dangers of the situation in the region," he said.
Australian Ambassador Joan Lundis said her country wanted to strengthen joint cooperation with Iraq in all fields, particularly in the oil, gas and energy sectors. http://economy-news.net/content.php?id=17639
Zig Received a reply via email from Jeff (Dinar Investor)......I will keep it private.....will only say that he will not be back.....does not like this chat room......I will leave it like that.....
xyz Zig tell he gotta have to thicker skin to survive desperate dinarians
mod Competition amongst the Dinar "Gurus" astounds me ;thinking:
foxmulder This whole endeavor astounds me after all these yrs
chattels The post by My Ladies approximates my sense of all this dinar speculation at this point.
chattels Newshound Guru MyLadies In my opinion it's really just a common sense issue...Iraq is not in a vacuum and the biggest pill to swallow is the one where we finally have to admit to ourselves that we were just foolish and uneducated and gullible and dazzled by bull**** to think we would be millionaires overnight...
Those who choose to accept what deleting the zeros...will be able to make a plan. Those that do not will be most likely jumping off bridges...I am not saying there is no money to be made with the dinar.
I'm not suggesting anyone get rid of it or sell it or whatever, I am simply saying there will not be overnight millionaires, the currency has a value and when it is excepted internationally there will be a trade to be made and the current value will be leveraged at an institutional level and a private level for those holding enough...currently the dinar sits at 1190 if the value raises against the dollar to even 1130 1140 1150 that is a good day in the currency trading arena....
xyz Zig your float guru dodged my questions
Baxter Thats a long ways from my Dime Chattels.... Good Morning
foxmulder chattels Good Morning ... well I not be jumping of any bridges ! Wait and see more as usual ...
Baxter The good news is.... I think my trailer is going to stay in Florida instead of out in the ocean somewheres
chattels Hurricane preparation today. Have a fine day all.
The Central Bank establishes a banking relationship with the World Bank's RAMP program https://cbi.iq/news/view/1259
foxmulder xyz xyz there is no plane .. and the it seems the popular opinion is no RV either..so we got that going for ys.
Gary $3.00-3.25 rate was just an in country rate that was set by Iraq. An artificial rate that meant nothing. Even the rate in Kuwait means nothing. Who would want to trade with Iraq when it would cost them $3.41 i.e., for every dollar - NO ONE!
There is not enough oil on the planet to cover a $3.00-$4.00 exchange rate. It will NOT happen. One day, you will be able to exchange trade the Dinar on a daily basis for small profits, but don't expect to exchange your currency for a massive amount of money!
JoeSchmoe Gary OH Gary , THANKYOU for telling us how is it going to be!!! You are my new dinar hero!!! 'happy-dance 'happy-dance 'happy-dance
Zig Gary : :Welcome To the chat room!!
JoeSchmoe NOW I can relax and not expect this thing!
Baxter yes.. you can replace JEFF.... who was here.. ONCE
Zig ALL OPINIONS ARE WELCOME HERE, GARY......
JoeSchmoe Baxter doesn't he have a 'kap'ish influence? lol
Zig Getting tired of the way new people are treated here.....
Baxter Oh Zig... have a ;ice-cream;
JoeSchmoe well...when it's as obvious as this
Zig I could do something about it if I wish......
Baxter Kap did have some pretty good commentary in here last night...
foxmulder Baxter people are genuinely looking for answers .. opinions abound.. most just trying to make sense of it all. We will see the outcome at some point. Hopefully !
JoeSchmoe Baxter this?.....Kaperoni Parliament has a value. It's at 1 to $1 and it's a LOP. lol Reducing 42 trillion to 42 billion.
Kaperoni There can never be a substancial RV or RI with over 42 trillion dinar in circulation. Impossible for Iraq to support such an amount.
Baxter JoeSchmoe I think that was part of it...
Baxter No country could support that much dinar.... I believe he is correct on that..
JoeSchmoe Baxter sounds like par for the course as far as kap is concerned, minus the lop
Baxter he was joking on the lop part.... I hope
JoeSchmoe Baxter I still get hung up on why they would have to support what is in country, since they won't be exchanging it for another currency
JoeSchmoe the rate should only matter to us, right?
Baxter I dont know Joe.. sorry
Baxter I know there will only be one rate... this in country stuff to me.. is b*
JoeSchmoe I just try and use our usd as a scenario for it. If we weren't the currency that everything was pegged to
Baxter you buy canadian currency at the current rate of what ever it is... and its the same everywhere at that given time
JoeSchmoe for those who have say, $10000....would it mean that they would have $3000 if our exchange rate multiplied by 3?
JoeSchmoe oops 30000
JoeSchmoe "WOULD" they lop just because of what all of us hold, and they couldn't support it?
Baxter I dont think so Joe.... a lop would ruin their economy
Baxter they have no reason to lop
Baxter they have no inflation
JoeSchmoe Baxter can you see my point about why would they need to support what's held inside country, when they won't be exchanging?
Baxter JoeSchmoe yes I can
JoeSchmoe I think everyone gets hung up on the amount of TOTAL currency in circulation, when the majority is in country
foxmulder JoeSchmoe they have continuously said increase purchasing power , strength of the dinar against the US dollar. Does a lop accomplish that ..
JoeSchmoe foxmulder I don't believe in LOP, to be clear. I am just trying to rebut all this talk about needing to support the amount of dinar in circulation
JoeSchmoe trying to use whatever scenario's I can think of
Baxter JoeSchmoe does the US Support all of our Dollars?
foxmulder JoeSchmoe oh I know !! Just asking ...
3 Sep 19, 09:08 AM JoeSchmoe Baxter exactly
JoeSchmoe which is why I was using the scenario of IF we weren't the currency every other one was pegged to
foxmulder I guess a lop doesn't make sense .to me except for the fact currency is market driven.
JoeSchmoe if I had $1000 in my bank account, would I then have $3000 if it went up 3fold
Baxter yes.. thats true
JoeSchmoe not saying I believ it will go up threefold
JoeSchmoe just as a scenario
Loren Everything I read seems to point to a lop. Which way is the decimal point going to move, left or right? $25,000 IQd = $25. IQD or .0008459= .8459?
Loren When Sadam took over the Iraqi government, 1 dinar was $3.22. Why is it not possible to believe that it can not revaluate the same way except inverse?
Baxter .8459... would be to one us dollar.... .8459 divided into one dollar.. would be about 1.19 .....
Baxter because the countries GDP...is much..much higher than that... the IMF would never accept a rate like that
Loren I love the sound of $1.19. That is a real possibility?
Baxter I hope so
Baxter Loren when Sadam took over at 3.22.... there was less than 18 billion dinar in the world.... thats why
Baxter thats a long ways from 42 trillion
Loren Do you think that we are in the window now? I have been a holder since 2005, and I have never heard this level of excitement, have you?.
JoeSchmoe Baxter again,and how much of that 18 billion dinar was in country vs out
JoeSchmoe THAT is the only way I would see them 'wanting' to do some sort of lop scenario, to not have to pay 'us' out
Loren Of course there is no way of telling, but I do not believe that Johmn Q public is paying any attention to this. The only way I know is I was a contractor in Iraq for ten years.
JoeSchmoe Loren do you own substantial dinar?
JoeSchmoe Loren I just meant are you holding dinar because you want this thing to go good for us, or are you in here to try and talk us down
Loren No Sir! Believe me I am hoping for the best.
JoeSchmoe 500k is substantial, so youre all good
Doug_W NEVER say how much U have ever!!
JoeSchmoe Doug_W ah thats why you erased it
JoeSchmoe im not saying i have 500k, just that is a substantial amount
future A lop is the last thing iraq wants to do a lop shows weakness, screws over their own citizens and sends a bad signal to investors
Loren Have you heard the level of exceiptment before?
JoeSchmoe Loren no...and yes
future joe correct iraq cares about whats in their own bordders
JoeSchmoe future as far as j=why
JoeSchmoe an increase won't make them any richer, would it?
Loren In turn that begs for the question: Do you believe that it is happening now?
JoeSchmoe just using my wacked out scenario of our usd appreciating
future they get the purcashing power
future and their lives back
future we get rich
future iraq doesnt give a crap
future they care about their country
future and their citizens
JoeSchmoe future I am only trying to rebut/combat the whole 'iraq can't support the amount of dinar in circulation' talk
JoeSchmoe imo they only have to support what we all hold
JoeSchmoe by suppor, I mean pay out
JoeSchmoe Loren i answer that questiong with 'who the hell knows anymore?'
future who knows but iraq is filthy rich we are nothing to them
JoeSchmoe future 'we' are nothing, what 'we' hold.