IQD CALLS Chat Saturday Night 4-4-20
IQD CALLS Chat Saturday Night 4-4-20
Baxter 4-4-2020 Newshound Guru Kaperoni We know from past history that when the exchange rate gets out of whack it takes many months to get it back in line using the traditional auction. So the CBI statement today is very interesting. The CBI announced today that this weak dinar will change soon.
And at the same time a member of parliament today stated that they stopped the auctions in preparation to float. Though none of this is definitive it is very interesting and the pieces sound compelling that they may be going to float in very short order.
Baxter did you see Kaps post above IM GONNA BRING IN THE WHOLE POST.. JUST A MIN
Baxter 4-4-2020 Newshound Guru Kaperoni A couple of weeks ago A member of parliament came out in two articles that the central bank was about to float the currency. We never heard anything further other than those two articles.
Last week the Central Bank of Iraq announced that they were going to stop the auctions temporarily. This is had a negative effect on the dinar market rate as it provides a balance between dinars and dollars as well as providing a source of dollars to pay for foreign imports.
As of today the market rate in Iraq has dropped to 1260 to $1. This is a direct result of a lack of dollars available in the marketplace.
We know from past history that when the exchange rate gets out of whack it takes many months to get it back in line using the traditional auction. So the CBI statement today is very interesting. The CBI announced today that this weak dinar will change soon.
And at the same time a member of parliament today stated that they stopped the auctions in preparation to float. Though none of this is definitive it is very interesting and the pieces sound compelling that they may be going to float in very short order. But we'll just have to wait and see...
Baxter WANTED CHATTELS TO SEE THAT...AND SEE IF HE CAN FIND THE ARTICLES KAP IS TALKING ABOUT
Wilder Baxter Doug_W are they blocking off the entrances to your local walmarts. Here they have the front taped off with some kind of boxes up on stands with security with black masks on standing on both sides of the boxes I'm guessing for limited entry. Boxes I have no clue.
Wilder Daughter said doing same thing at Meijers and Krogers.
Baxter Wilder they just started today... my neighbor was just there and told me about it.. it wasnt there yesterday... they also roped off all of the clothing section in ours.. all you can get to is the grocery and pharmaceutical dept..
Baxter they are allowing only so many people in at a time also... dont know how many
Doug_W they are only allowing 20% of store capacity at a time
Wilder Kroger click list on line order. No groceries till Wednesday
Doug_W as one leaves one can go in
Baxter I think Trump is doing a fantastic job keeping the public informed....
Doug_W yes sir
Baxter Fox news said last night..that at this time during the last election...Hillary had a 49% rating... Biden last week had a rating of 23%
Wilder What a change in life we're experiencing. Probably going to last a while.
Wilder Might not be any elections if this virus don't clear up.
Baxter Wilder I was wondering the same thing who knows
Wilder We need Okie to come through.
Kaperoni Another fun one for you all...
Kaperoni another: The Finance Committee commented, on Friday, on the Central Bank’s decision to stop the dollar from flowing into the market with the aim of floating the dinar and reducing its value, in order to fill part of the budget deficit and the needs of the government.
Kaperoni Baxter most of the quotes from me posted are off my twitter account. I do not own a website.
Kaperoni Even Whitelions bit her tongue today and posted a float article. Lol
Kaperoni For those that like Enorrste, he is reviewing the last 4 float articles (2 from mid March and 2 from today) and will be posting his analysis. Should be interesting.
Kaperoni Have a great day...stay safe!
Dave Free Float or Managed Float....did they specify
Baxter Kap... I know you dont have a website... sure would be nice if we could see those articles in here... thx
Kaperoni I posted them here when they came out. even one last night and just posted another above
Dave Kaperoni Free Float or Managed Float....did they specify?
Kaperoni nope just says float
Kaperoni Parliamentary Finance: The rise and fall of the dollar in the Iraqi market, leaving its issue to the relationship!
Last updated: April 4, 2020 - 11:44 am Baghdad / Iraq News Network - The Finance Committee in Parliament commented, today, Saturday, on the central bank’s decision to stop the flow of the dollar to the market with the aim of floating the dinar and reducing its value, in order to fill part of the budget deficit and the needs of the government.
The committee’s rapporteur, Ahmed Al-Saffar, said in a press interview, that “Reading the central bank’s intention to stop the flow of the dollar and floating the dinar to fill part of the state’s budget deficit is impossible, but it may be in harmony with the current situation to compensate for the shortfall in oil revenues.”
Al-Saffar added, “At the same time, the central bank may also be unintentional Because of the curfew and the suspension of most of the life activities. ”And a decision took place The Finance Committee in Parliament, Ahmed Al-Saffar, last Sunday, on the authority of the Central Bank regarding its issuance of a set of decisions on withdrawing the commission of the US dollar.
Ahmed Al-Saffar said, in a press interview, that “the decisions issued by the Central Bank on the commission of withdrawing the US dollar are considered within his authority and he Who determines the interest rate, whether by depositing or withdrawing. ”
And Al-Saffar added,“ Iraq’s revenues from selling oil go to the Ministry of Finance’s account in the US Federal Reserve, which the central bank has a branch in, ”explaining that“ the process is that revenue is transferred to the central bank’s account. ”
And the bank turns it into debt T the Iraqi Ministry of Finance to pay employees. "He continued, the salaries that" the withdrawal of the dollar and deposit related to the central bank pursued
Kaperoni a policy, a political cash and the right of the central bank to raise interest rates or reduced, and this means of monetary policy and the means they use. "
On Sunday (March 29, 2020), the Central Bank of Iraq issued a set of decisions regarding the US dollar withdrawal commission. And included a document issued by the bank and received (Baghdad today):
"The commission for withdrawing cash for the US dollar, which comes from the incoming transfers to the bank to our accounts in the American Federal Bank, as well as the transfers received to banks from other banks by a rate of seven thousand." The bank added:
"The amounts of the above remittances are transferred to banks by (75%) in cash in dollars according to the above commission, and (25%) pay Iraqi dinars at the official bank rate (1182) dinars to the dollar."
He continued: "The banks should spend the (25%) above on their remittances customers at a price of (1200) dinars / dollars, and submit their requests at the end of each month to the accounting department at the central bank for the purpose of handling the two price differences in our accounts in Iraqi dinars."
And he continued: "Banks can spend the full amount of the transfer received in the Iraqi dinar if the customer desires to do so, and the two price difference are dealt with by the same mentioned mechanism."
He stressed, "The above mechanism does not include customer deposits in dollars in cash, where it is paid to the customer in full, but is limited to customers who receive remittances received from outside Iraq of any kind, and internal dollar transfers between their banks in our accounts."
xyz What IF dinar move from 1190 to 1 in seconds? Some will call that float jajaja
xyz IQD floated ;Thud
Dave no mention of free float vs managed float.....no worries
Kaperoni CBI controls the pace. time to study how floats work
Dave Personal floats
Dave just saying many ways and types of floats Free vs Managed??????????? KAP??????????
Dave You have always assumed FREE FLOAT........Correct?
Kaperoni Maybe some clarification for Dave since he does not seem to understand..you will have to do some work, but I will give you the link..lol
Kaperoni Issue 4767alsabaah.iq ›uploads› products ›pdf› file867270650088PDF
Mar 11, 2020 - Floating the national currency. It is intended to leave the national currency in order to determine its price. In the free market, according to the forces of supply and demand, The national currency establishes its realistic price with effect. Market mechanisms within an organized free market
Kaperoni Well I am done now. Enjoy ur day.
Xyz Over 90% already on lockdown ...
Tucker Carlson On Fauci's Quarantine Call: Pushing "National Suicide" While He Has Job Security https://www.zerohedge.com/economics/tucker-carlson-faucis-national-quarantine-hes-pushing-national-suicide-while-hes-got-job
Xyz Patty so you think it's ok? What are you basing your argument. Is africa top infected? https://ncov2019.live/data
Wilder LINK
xyz This Is Where The World Is On The "Corona Curve" At This Moment https://www.zerohedge.com/health/where-world-corona-curve-moment
Xyz India Drags China To International Court For COVID-19 War https://www.zerohedge.com/geopolitical/india-drags-china-international-court-covid-19-war
Patty xyz oh no. It was just something we did.
xyz OPEC+ emergency meeting to be held on April 9 https://www.rt.com/business/484975-opec-emergency-meeting-april-9/
jsst Last updated: April 4, 2020 - 11:44 am
Baghdad / Iraq News Network - The Finance Committee in Parliament commented, today, Saturday, on the central bank’s decision to stop the flow of the dollar to the market with the aim of floating the dinar and reducing its value, in order to fill part of the budget deficit and the needs of the government
Chattels In Iraq, Fatah Coalition tells its members not to attend Parliamentary session which will give vote of confidence for PM nominee Adnan Zurfi. http://mobp.as/lIKKq
chattels Iraqi PM Abdel-Mahdi: the Corona situation in Iraq is better than in other nations. http://mobp.as/khMKq
chattels One has to wonder how the foregoing could possibly be true.
chattels Al-Fateh MP Abbas Al-Zamili affirmed: "The Prime Minister-designate Adnan Al-Zarfi will not achieve success ... and we will ensure that he does not pass."
He said in a televised statement: "Al-Zarfi will not achieve success in his negotiations and has not achieved any agreement with the Kurds."
Al-Zamili added: "Al-Zrafi was not nominated by (other), and he did not enjoy the support of Mr. Muqtada Al-Sadr, and until this day we guarantee that he will not pass." https://ninanews.com/Website/News/Details?key=821885
chattels Ghost town: Erbil’s total lockdown seen from the air https://www.rudaw.net/english/kurdistan/040420201
chattels tman23 What's new ?
Baxter Chattels... did you see Kaps post on guru
chattels Baxter I think so.
Baxter ok... about the float maybe in the near future
Baxter was wondering if you saw those articles
chattels Baxter Yes, I did. Not sure that I understand what he is expecting to happen .
Baxter ok... Im not either
chattels Baxter My take was that he found it all " interesting".
Baxter this is part of it The CBI announced today that this weak dinar will change soon. And at the same time a member of parliament today stated that they stopped the auctions in preparation to float. Though none of this is definitive it is very interesting and the pieces sound compelling that they may be going to float in very short order. But we'll just have to wait and see...
crazycrypto friendd already got his 1200 direct deposit
tman23 Forget about Iraq, as I posted many times it is a cesspool. Following it daily hoping for their success is equivalent to polishing a turd, these people are a noted historical failure. So look at the world conditions in the now. There is economic calamity and it is world wide .
That being said , IMF released a statement saying it will be worse than 12 years ago. Buckle crew, looks like a global reset could be reality and that is the only dinar savior.
Baxter tman23 im a hopin
chattels tman23 Baxter and I have been saying of late something similar.
crazycrypto tman id agree and de iraq plays into this whole thing
crazycrypto a reset is imminent
Baxter maybe Iraq is going to coincide something with this reset
crazycrypto lots of people thought this GCR was a hoax
crazycrypto turns out its more fact than fiction at this point
tman23 chattels Never bought into the reset but it’s sure looking that it’s on the table and very likely
Baxter PTR has been saying it for at least five years..
crazycrypto many gurus have baxter
crazycrypto over the years
crazycrypto at one point i didnt beieve it neithher
Baxtern or did I
Baxter If trump can put 6 trillion dollars out there with a swipe of a pen... anything is possible
tman23 Baxter guess PTR and others knew of the pandemic... they were spewing totally different noodles as the reasoning
Baxter could this pandemic... actually be part of it...?? I wouldnt put it past them
chattels I do not pretend to know. Just hoping to get lucky. Dumb luck it will be.
crazycrypto baxter i also believe trump is going after child trafficking as well and the cartels
tman23 chattels we are going to find out shortly because it’s really very soon or NEVER
crazycrypto which both tie into one another i think a massive reset is happening on all fronts
chattels tman23 My sense is that Iraq may not " survive " much longer.
tman23 chattels They may not , but the CBI will.... same as when Gaddafi went down, the CBL was still operating strong....
chattels tman23 You still buying, just holding, or selling IQD ?
tman23 Rumors of Mark Cuban possibly on board for Dems being tossed in media backrooms . But I heard Cuban say he had a family meeting and they all opposed , not wanting it in their lives.... but things may have changed , I doubt it . But rumors of Cuban are circulating
crazycrypto hmmm
tman23 chattels I exchanged 16k worth in Dubai 2017. I still held back a couple couple million dinar ... I need to count it , Lol. Haven’t looked at in 3 years , Might not even be there since I had a nephew stay with me that I was helping out who had stick fingers ....
chattels When the going gets tough, the tough go golfing. Thankfully the course is not closed yet. Early tee time. Have a fine evening all. Be smart, be safe and be well.
Baxter TMAN.. Mark Cuban was also talking about a global reset yesterday..
Baxter he owns the Dallas Mavericks..doesnt he? like a billionaire
Baxter Yes.. he is the one.. I saw him on Fox News channel....some woman was interviewing him...
Baxter talked about a global reset
crazycrypto i posted it yesterday bax yes he mentiond a reset
tman23 He also does shark tank
Baxter Oh... Ok.... I didnt see it on here. there may be something to it I sure hope so
crazycrypto agreed billionaires usually have in sider info
crazycrypto elite
Baxter I know we will all be dead waiting on Iraq
crazycrypto true
Sparky xyz ...graph courtesy of JP Morgan...Goldman Sachs...
tman23 Baxter I’m more positive on it now that global economies are in shambles .... even if we get on line May 1 ... other countries are still in pandemic mode... nice thing CHINA created in the lab that got loose
Baxter yep
Sparky ... tman23 ...beat us to the punch...
Sparky ...trade tarriffs...lets see how this goes...we import life supplies from China...
Sparky ...trade war...now war on invisible enemy of Covid19...interesting timing...
Baxter TMAN...... are you near Ft Myers... Did you hear about that huge grass fire near the airport that burned over a hundred cars..
Young_SC Baxter no they are not going to come out on a float. IMO they will come out at a fixed rate then i think they will gradually float
Baxter Young_SC as long as its a dime... Im gone
Young_SC They are relying on their IQD now and no longer the American dollar
Sparky Young_SC ...I'd give them 6 months before they suffocate...
Young_SC Sparky IMO it will be sooner Cue the Auctions not in operation
Young_SC Those auctions were used to pay their bills and employee salaries
Young_SC How long do you think Iraq can last without paying their bills? Before collapsing
Sparky Young_SC ...float is now their only option,...drop lower...then, rise with the tide...rising tide makes all boats rise...
Young_SC Drop lower to 1 to 1 imo then float to a specific rate is what i think they will do
Sparky Young_SC ...down to 2000 to 1...then way, way up...imo...
Sparky ...unpeg from the USD, then go Yuan...Silk Road Initiative...
Young_SC Sparky indeed
Sparky Young_SC ...funny we don't hear much about Iranian political machine contaminated...
Young_SC Sparky i know I think Iran is done
Sparky ...and go almost entirely electronic currency worldwide, as cash in hand is " dirty " money...
Sparky ...one world currency...electronic....traceable, and semi-transparant...
Sparky ...dollars to donuts, it will come out that paper currency is a root cause of the pandemic spread...imo......as I like to reference, Hegelian dialectic...
Sparky ...how does Wall Street vary 1000 points, either way, daily ?
Sparky ...answer...volatility makes the informed richer...
Sparky ...as long as you don't get caught like a few senators...talking out of both sides of their mouth...
Sparky ...now, back to your regularly scheduled program...
Sparky ...I see float talk as positive, but that's just me...nothing else but a worldwide pandemic could possibly make this payoff in the short term...
Sparky ...wash your hands, and say your prayers...if your not in the 1 percent, you are vulnerable...