IQD Calls Chat Sunday 9-8-19 Part 2 of 2
IQD Calls Chat Sunday 9-8-19 Part 2 of 2
Baxter you know what... If I could understand Arabic.. I would go over there myself
Loren I didn't have trouble find people that spoke English.
Loren Even in Baghdad International Airport.
Dave Loren would of thought 1 Iraqi would have GOOGLED Dinar Speculation and found this Site......
Loren Even in Kuwait, Egypt and Dubai.
Loren I used to belong to Dinar speculator with Medic.
Loren His health was bad when I last read him. Recently I went back to the site there were no new posts for years. But it is like that for a lot of the old Dinar sites.
Loren @that is what we all read on base, and you could get English and Arabic.
Doug_W Loren on base??
Loren yep, we could get it at the military's exchange.
Doug_W where were U?
Doug_W and did you serve or a family member?
Baxter Well.. I put an ad in a magazine out of baghdad someone to transpose arabic to english... we will see if I get any takers..
Doug_W good deal Bax
Baxter fingers crossed
Loren Covered the whole country, easier for me to spell bases. Cedar was the 1st base in from Kuwait, that was where the Pagan temple UR is and also Abrahams village. From there Anaconda in Balad which was a big Air base. Than Spieper in in Kircult , from there Mosul Camp Mareez and Diamondback. I left in 2013 from Basar.
Doug_W were U and "E" or an "O" ?
Loren I was a contractor for the department of defense and then a contractor the department of state.
Loren For the Department of defense I drove truck outside of the wire. for the department of state I did inventory.
Loren I actually miss it , when you are in that type of situation the extended family that you have is hard to replace.
jsst A study to delete zeros from the currency .. The Finance Parliament ruled out their application at the moment
Saturday 07 September 2019 - 15:42 Baghdad-conscious-Hendrin Mekki The parliamentary Finance Committee, a study to delete zeros from the national currency, but ruled out the application at the moment for several reasons.
The Committee's Rapporteur Ahmed al-Saffar told the Iraqi News Agency "conscious": "The proposal to delete the zeros has been raised from the House of Representatives to the Parliamentary Finance Committee in order to study the change of the national currency and all categories and the printing of new currencies, but the preliminary study showed that the costs needed by the project big".
He added that "the budget deficit for this year and Iraq's debt is one of the most important reasons that will lead to delay the deletion of zeros (three zeros)," noting that "the Finance Committee has assigned specialized bodies of monetary policy to study the project carefully to submit to the Finance Committee to be the main lines of this project, which Its beginnings go back years. "
Al-Saffar pointed out that "deleting the zeros is a project that has more psychological effects than actual ones.
Baxter jsst you have a link for that
Baxter I thought the CBI was in charge of the currency
Dave here we go.....
Baxter yep... here we go
Baxter I think its a bogus article myself
Whitelions jsst and everybody else its a study they have to do it .I means nothing but another point of view and we all know government's need mover than one point of view before they do what they want anyway .people your better off what they achieved and where they are in real time to know we are at the end
Dave yes LDs expensive to mint ........though
Loren I have wonder about myself, could you imagine what it would be like trying to exchange 25k notes for 25?
Whitelions Baxter its not bogus its just a study
Loren Then what about retail prices?
Dave with no rate change........not a good idea.......expensive
Dave Increase Purchasing Power
Dave article never mentioned that
Whitelions Dave Mentions what?
Dave A lop not a good idea was my take
Loren The only way that could work is start dealing with ATM's. Although then, why couldn't you leave the 25k notes and just use electronic banking?
Whitelions Dave They will run the currencys side by side for people to bring in 5 years for banks 10 years its on the cbi site
Dave I agree with you 99.9%
Baxter I remember them saying co incide for ten years
Whitelions The banks get longet so iraq can call the money in as they need to
Dave Baxter 10 yrts yes
Loren so lets say that you bring in a 25k note the bank. Do they exchange the 25k note for 25k in small denominations?
Dave Loren LDS is parrt of CBIs plan....
Whitelions Dont knoe untill it happens
Young_SC Whitelions Loren Listen to what Dave just said
Young_SC Lower denoms and coins for Iraqi citizens
Loren How do you bring up the purchasing power retail?
Whitelions Young_SC so your saying they are going to only give iraqa willget the lower ds
Young_SC Loren IQD is peg to the American dollar
Young_SC Whitelions Yes
Loren Now I am beginning to get optimistic again
Dave Lets GO GLOBAL....LETS GO!
Young_SC Instead of that 25 000 K note it will be 25 dollar note for the citizens
Young_SC Que the lifting of the zeros from the exchange note
Young_SC Deletion of the 0's
Dave Young_SC At what rate ......HEHE?
Whitelions Young_SC why do we care who gets the lower money because to do that they have to rv
Young_SC Whitelions what are you talking about lolol
Loren I like that, a unit of measure that everyone recognizes.
Dave How would they make change?
Young_SC IQD is peg to the American dollar Whitelions
Young_SC Remember the CBI statement from 4 months ago about bring us your 3 zero Notes to us
Loren in fills, 1000 fills makes one dinar or one dollar.
Young_SC In preperation to get them off the street
Whitelions Young_SC about the LDN. Only being in Iraq we wont need they we are judt in this for the exchange rate
Dave I just Want MY USD.....
Young_SC Dave well when you are peg to the American dollar they will come out 1 to 1 at first
Young_SC And will rise
Loren @Dave, that is what I am waiting to hear.
DaveYoung_SC We hope......
Whitelions The L.d.n just tell us they are ready to rv
Young_SC Dave what do you mean?
Whitelions And there will be NO FLOAT
Loren Think about how 1 to 1 would simplify everything in Iraq.
Young_SC We've heard the statements many times from Iraq
Dave CBI never indicated rate?
Young_SC They want to be competitive with Kuwait
Young_SC King of the ME
Young_SC IRAQ CENTRAL HUB FOR THE MIDDLE EAST
Young_SC AS stated
Loren did you notice that AMF never showed a rate IQD.
Young_SC Dave only mystery is will it be 3.25, 3.16, 2.50
Dave Anything less a dime would be a lop ......
Young_SC Iraq was at $3.22 in their glory days
Loren I guess a good question would be, has the AMF ever showed a rate for IQd?
Dave I would be okay with a 10000% ROI
Whitelions Loren dont pay attention to that stuff. No institution will ever tip you off that way that is a guru bs line
Dave more BONUS
Young_SC Whitelions exactly
Whitelions Young_SC it should come in higher to keep up with the trade world wide
Loren @young_SC. I have wondered, if you can take a currency down like that, why can't you just revaluate it the same way?
Young_SC Loren Imo i think Iraq will come out at a fixed rate right away
Young_SC 3 dollars plus
Young_SC Ive always stated that
Loren That is what Kuwait did!
Young_SC Loren indeed
Dave Loren NOT EXACTLY....but OK
Loren Everything that I have read out of Kuwait says that they want the IQD to come out par with the KD
Young_SC Loren And kuwait is at 3.29
Young_SC Thats why ive always said Iraq will be at the 3.22 3.28 mark
Dave IQD RESTORED.....
Loren Those are the numbers that make the most sense to me, or wish full thinking?
Young_SC Loren Its realistic
Young_SC As stated many times by Iraq
Young_SC They want to restore its currency and give purchasing power
Loren I agree, that would also make the most sense to the Iraqi citizens.
Young_SC Loren Well the whole point of this matter is for the citizens
Young_SC They come first
Loren For sure!
Dave Heard that IRAQ may have the largest Gold reserves in the World
Loren I read that Iraq has (6.6 tons, the Arab nations combined 993 ton.
Loren Excuse me Iraq has 96.6 tons of gold
Dave Loren talking still in ground
Loren No in reserve
Dave Loren worth about 5 billion usd ...yes
Loren Please check my math, but the way I have it figured, 96.6 tons of gold = 5t. do you agree with that?
Dave Young_SC !500/oz times 16 to a lb times 2200 times 96........equals?
Loren I have read that with oil reserves greater than Sudia Arbia, that have never been touched. That Iraq is in a position to become one of the richest nations.
Dave Loren 5 billion
Loren You right!
Xyz IMF floating guru expert... Michael Kaperoni@kaperoni The reason why I say they will float is 1, the IMF specifically gave such a directive, 2 Iraq can't afford any other increase in value with so much currency in circulation, 3 have to reduce the currency which can't occur until after the value starts to rise.
Sam I Am Well Kap is right about the bloated money supply
Sandyf @Dave An article today from Parliament clearly states they have no intention of deleting the zeros at this time.....Thought that was the work of CBI.......
That is a dinarland myth, in any country changes to the monetary unit is the work of the government, or in non democratic countries the head of state.
In 2014 the government postponed the project for 5 years so not much of a surprise it has been postponed again.
sandyf @xyz Kaperoni never mind ... I understand you hypothesis but you have never explain the time factor.
If the IQD was to float from the current value and appreciate at 10 percent per month, in 2 years the rate would be about 100/USD, at 3 percent per month the rate would be about 600/USD.
No economy could withstand those levels for any length of time, I think the largest recorded was China at 7% in a year. Normal appreciation is in fractions of a percent.