IQD CALLS Chat Sunday Afternoon 2-2-20

IQD CALLS Chat Sunday Afternoon 2-2-20

chattels   Dollar exchange rates on the stock market and local markets

[Baghdad-Where]  Foreign currency markets in Baghdad recorded, today, Sunday, a decrease in the exchange rate of the US dollar against the Iraqi dinar.

The selling and buying prices of the dollar for the banking companies came as follows:

The selling price of one dollar is 1215 dinars, or 121 thousand and 500 dinars per hundred dollars.

The purchase price of the dollar is 1205 dinars, or 120 thousand and 500 dinars per hundred dollars.

http://www.alliraqnews.com/modules/news/article.php?storyid=86429

chattels   Baghdad / Nina / Legal expert, Ali Al-Tamimi, said: The constitutional period for designating Mohammed Tawfiq Allawi for his government and its ministerial curriculum is 30 days.

He told the Iraqi National News Agency / NINA : The person in charge of forming the government / Muhammad Tawfiq Allawi / according to Article 76 / F / II and IV / should name the members of the ministry and prepare the ministerial curriculum within a period of 30 days from the date of commissioning.

https://ninanews.com/Website/News/Details?Key=810618

chattels   Muhammad Allawi, presents the names of his ministers and the ministerial curriculum to Parliament, and he must obtain an absolute majority vote, i.e. half of the number of attendees plus one after the quorum is achieved. the Constitution.

chattels   Note that the vote does not require that one half of the 329 member Parliament confirm any minister, but one half of those present plus one(1) provided that there is a quorum which requires 165 to be present.

chattels   During this period, Abdul-Mahdi and his ministers will continue to conduct business until Mohammed Allawi, who is charged with his ministers, is sworn in.

chattels   Tick tock, tic toc. Time is of the essence in my opinion.

foxmulderhttps://www.iraq-businessnews.com/2020/02/01/serious-questions-on-the-appreciation-of-iraqi-dinar/

Doug_W   Mudher M. Saleh’s testimony re: the appreciation of Iraqi Dinar in 2006-8, raises serious questions?

Doug_W   The purpose of this note is to shed light, and comment, on two views expressed recently in relation to the appreciation of the Iraq Dinar (IQD) in 2006-2008.

Muhammad Tawfiq Alawi (henceforth M. Alawi), former minister of communications in Iraq, gave a talk on December 13, 2019 in Washington D.C. to an Iraqi audience, in which he mentioned the appreciation of the Iraqi Dinar (IQD) during 2006-2008 as an example of lack of economic planning in Iraq.

Mudher Muhammad Saleh (henceforth M. Saleh), former deputy governor of the Central Bank of Iraq (CBI), and currently finance advisor to the outgoing prime minister, responded the following day, in an article published at the ‘Iraqi Economists Net.’

This note focuses on two observations, set out below:

Firstly, that the “independence” of the CBI was compromised in negotiating and signing a ‘Stand-By Agreement’ with the IMF in late 2005.

Secondly, by following the IMF programme in Iraq, the CBI’s administration focused its attention on limited instruments of monetary policy as dictated by the IMF, and much less on contributing to national economic growth and leveraging badly needed major structural changes in the economy.

Doug_W   Read Dr Hirmis’ full report here.

Doug_W   http://iraqieconomists.net/en/wp-content/uploads/sites/3/2020/01/Amer-Hirmis-IQD-appreciation-2006-8-Jan-2020-V-II.pdf   

Baxter     I just read that article and I didnt get much out of it

Baxter   other than the fact..they think 20% for a 20 percent interest rate was the thing to do...and we are looking at somewheres around a 10,000 percent increase.. think what that would do?

Doug_W   been thinking for MANY years

Baxter   Honestly... I think the Standby agreement that they signed with the IMF... hurt them the most

Doug_W   agreed

Baxter   I think its about time to move on.. myself

Doug_W   the IMF is out for one reason and 1 only to enrich the IMF

Baxter   yeppers

Baxter   we have spent over 25 million just protecting the shore lines from attack..

Doug_W   amazing !!

Baxter   they have subs...boats...planes...infra red helicopters... just nuts

Matt   Big distraction while elites do their thing behind the curtain. Probably a big drop in the market tomorrow hope not but??

Zig The groundhog did not see his shadow...a sure indication that the RV, Float, RI, whatever, will be soon.... :na;

Doug_W   this will blow ur mind:

Report: The country stealing itself .. shocking information about corruption in Iraq

Doug_W   https://www.sotaliraq.com/2020/02/02/%d8%aa%d9%82%d8%b1%d9%8a%d8%b1-%d8%a7%d9%84%d8%af%d9%88%d9%84%d8%a9-%d8%a7%d9%84%d8%aa%d9%8a-%d8%aa%d8%b3%d8%b1%d9%82-%d9%86%d9%81%d8%b3%d9%87%d8%a7-%d9%85%d8%b9%d9%84%d9%88%d9%85%d8%a7%d8%aa/?fbclid=IwAR10Imn09HKIarSYX4F3JJ4MLF2L4NbI7YlU9rtV8O6Kp3BVQSG-t5g_fPM

Doug_W   Thank You 4 that @Zig

Zig     LINK

kevin311312   Man in Arizona accused of being Al Qaeda leader by Iraq: feds https://www.foxnews.com/us/man-in-arizona-accused-of-being-al-qaeda-leader-by-iraq-feds

Dave   great article from doug!

Baxter   just shows you where we are at... doesnt it

Dave   they are revealing it all now at least

Baxter   no wonder they are protesting.. I would too

Dave   Sadr too.....

Baxter   gone

Baxter   he left

Dave   ran away????

Baxter   yep

Baxter   least thats what an article said yesterday

Dave   i like it

Baxter   went to Iran supposedly

Dave   cant hardly wait till they get to M

Dave   Sadr though...???

Dave   surprised by that

Baxter   so was I

Dave   surprises abundant in Iraq

LeLe   Baxter Dave you don't know what's what over there. There's articles stating Sadr is over in Iraq telling people to clear the streets and open the roads. And to keep business open. That's why I just sit and wait I don't need confusion . Lol 

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