IQD CALLS CHAT Tuesday Night 8-27-19 Part 1 of 2
IQD CALLS CHAT Tuesday Night 8-27-19 Part 1 of 2
Young_SC Specialized: minted coins serve internal business transactions
Young_SC Monday 26 August 2019 There have been recent parliamentary voices calling for the reintroduction of coins (coinage) and reintroduction into circulation, as well as reconsideration of the project to delete the three zeros from the Iraqi currency, at a time when economists regarded it as part of the great economic reform process in the country.
Economist Dr. Essam Mohamed Hassan said that "the Central Bank decided earlier to develop a plan to create coins as part of a restructuring plan that requires the approval of the House of Representatives as a strategic plan will contribute to support the value of the Iraqi dinar in trading
"The change of currency means that a new currency replaces an old currency, with a specified replacement rate, and removes the zeros of the old currency or moves the decimal places to the left," he said, adding that "part of the restructuring plan of the currency and banks involves the creation of coins for trading." Financial support for the national economy. "
Hassan said that "the coin project, launched in 2004 did not succeed because of the absence of comprehensive economic reforms to support the financial value of the dinar in the global market," explaining that the coins will be one of the important intermediate currencies that will be used for trading and transactions.
"Deleting zeros and reintroducing coins has to do with economic reforms because coins, because of their durability, are longer than coins that are quickly damaged," he said. In 2004, "indicating that this requires the dissemination of a culture to educate the public about the economic feasibility of the minted currency."
Baxter YoungSC... is there a link for that
Portmagaland SKELFLA I read awile ago on a thread that investment bankers where going to somehow do to the dinar, what they have been doing to silver by keeping silver artificially low with huge fake paper future/derivatives. They were going to package the dinar in some bogus investment scheme that would keep it from popping. So, your above statement about large quantities being bought sounds like it might fit the description of that thread comment.
Young_SC Baxter im trying to look for the link but i cannot find it anywhere.
Portmagaland It's way above my pay grade, so I can only generalize it.
Baxter Young_SC ok..thx
Baxter I am beginning to think my dime... is in deep doo doo
Portmagaland Baxter If so lame
Portmagaland Silver is looking like it might break out and ......
Baxter you cant make much money on silver unless you buy a ton of it... a 2 or 3 dollar jump... wont pay much not worth the risk..
Baxter when the china deal goes through..chances are it will drop again
Portmagaland Baxter We will see
Baxter yep.. we will
Portmagaland It's looking better than the dinar right now.
Baxter I cant argue that
Sparky ... interesting input by Skelfla...did I read institutions buying at 2 cents per dinar ? That would cost $500 for a 25 k pink note, if my math is right... I get mine a whole lot cheaper...
larrykn GA all, seems to be quite a busy place in here today lol
larrykn I see Kap was in here, brave man lol
Sparky ... would sell a pack or two at 2 cents a pop...
larrykn Kap float is the talk of the town, I was just wondering why back in 2013 the cbi was experimenting with a rate of $113 to $122, I might agree with Kap thinking it will float , I'm just not sure where it will start at.
Sparky larrykn hi Larry, and agree...
Sparky ...like that silk road talk, though...
larrykn you know I think people need to take a chill pill for awhile and see what just plays out, no one knows how or when or at what rate they will do it until they just do it. so you can talk all you want but we will just have to wait and see
Zig Kaperoni visited earlier.....a spirited exchange.....lol.....
Sparky ... institutional investors, such as hedge funds...can manipulate the market, as they do in the FX...wonder what significant, amassing, for 18 months...with principals in the dark...at 2 cents per dinar, ... "something is up "...?
Zig Hi Sam.....long time.....
Sam I Am I missed Kap?
Zig LOL....yes.....too bad....
Sam I Am Hi Zig
Zig Tebow took care of Kap for you.....lol
Sam I Am That's not too comforting
Zig I think Kap is now considering a possible LOP.....imagine that.....lol
Sam I Am again?
Tebow someone had to do it
Sparky Zig ...Kap said that he didn't think so...
Sam I Am Kap sent me an email 6 years ago congratulating me on being right about the lop
Sam I Am He goes back and forth
Zig Anew member, "SKELFLA" had some interesting stuff to say.....you may want to scroll up.....
Sparky Zig ...some of which is sketchy,...imo...
Zig Sparky : This whole thing is sketchy.....lol
Sparky Zig ...truer words never spoken...
Sam I Am Zig Did you hear my call with Nash on the Iranian rial?
Zig Sam I Am : No....I will get around to it.....been staying away.....gets tiring.....boring......lol
Young_SC Sam I Am Iranian rial and iraqi dinar are complete 2 different entities
Young_SC No one cares about the rial
Zig Sam I Am : You posted a link to the here but I think the Mod deleted it......
Young_SC Monetary policy is in a different direction for Iran
Zig to the call
Sparky Young_SC ... Iranians do...
Young_SC Sparky lol
Sparky Young_SC lol
Sam I Am Zig That's no surprise
Tebow Sparky we don't
Young_SC Tebow lol
Young_SC Im not sure why Sam I Am mentions the Rial
Zig Young_SC : Ask him....lol....he is here....
Young_SC Because he says the dinar and rial are in the same category
Young_SC That alone just tells me Sam is 100% lost False news
Sparky Tebow true...but, who knows what impact Tomans...hyper inflation, will have in their Shia brother currency value...
Young_SC Fake news (donald trumps voice)
Young_SC Sam and Kap like to hand out false intepertations
Sam I Am Young_SC What are you babbling about?
Young_SC Sam I Am scroll up
Sam I Am Both the dinar and the rial lost value due to hyperinflation, right?
Young_SC Sam I Am you are in dire need of help when it comes to knowing the difference between the Iraqi dinar and the Iranian Rial
Sam I Am Educate me
Zig People who have opposing views add some much needed life to a chat room......IMO.....
Young_SC Zig lol
Sam I Am Iran announced that they are removing zeros from their currency, the same thing Iraq announced
futuremoney seems like when Zig comes in here ..the worms start crawling out of the wood..
Sparky Zig and thanks for getting Kap in here... appreciate you...!
Zig This chat room was in dire need of a spark or two.....otherwise you just talk about the weather in Ohio............
Young_SC Sam I Am ahh yes because Iran is a failed state, its monetary policy is in the complete opposite from Iraqs
Young_SC Come on Sam really lol
futuremoney spark? or just arguing
Young_SC You know that man
Zig It had become the most boring chat I had ever seen..............
Sparky ...luv this room !
futuremoney then why come in
Zig I come in because I am good at changing it.....lots of experience.....and I am one of the founders............
Young_SC If you do not know the facts of whats happening currently then there is no debate
Sam I Am Regardless of their respective histories and issue, both currencies lost value due to hyperinflation and both announced that they will remove zeros
Sam I Am So either both will make people rich or both will be a lop
Sam I Am I say lop
Young_SC Sam I Am Sam Iraq is not going through hyperinflation at this moment
Young_SC Iraq is
Young_SC Iraq has not had hyperinflation for how long now???
Tebow Sam I Am when did Iraq ever have hyperinflation?
futuremoney both sides arguing opinions that may or may not have merit...is pointless
Sam I Am correct, they did that in the 80s and 90s
Young_SC Sam I Am sam im talking about now
Sam I Am Tebow Shabs said they did in the 80s
Tebow Sam I Am again how long ago was that?
Young_SC Ohh my goodness brother you still bringing up 30 years ago news lol
Sam I Am Tebow irrelevant ... the zeros are still there and they want them gone
Young_SC Sam are you paying attention to anything?
Young_SC Iraq the central hub for the middle east quoted a week ago
Young_SC World bank supporting Iraq
xyz Zig I take the 5th
Tebow You know all about irrelevant bringing 30 yr old news
Young_SC Purchasing power for its citizens
Young_SC Same my brother read Catch up Its all in print
Young_SC So my question is what are you babbling about? Sam*
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 Same ??
Young_SC World Bank confirms its support for the advancement of the economy of iraq
Young_SC Sam ^^^^^^^ ???
Tebow Theorem? ;thinking:
Sparky Zig ...young is right, much more interesting with you in chat !
Sam I Am lop article
Sam I Am This is what you guys do .... find lop articles and call them RV articles
Young_SC My goodness Sam
Sam I Am You've been doing that for 9 years since I entered dinar world
Sam I Am okay, I gotta run
Zig Tebow and XYZ are good for a chat room......despite the problems that they sometimes cause......LOL
Tebow Sam I Am can you give one article with the word 'lop'
Sparky Zig oh, no doubt about that...
Zig Blame me for getting their bans lifted......lol I twisted the Mod's arm.....lol
xyz Zig Z is a no trouble manufacturer ... sandyf, Sam I Am are and get away with it
Sparky ...all good folks here, imo...
Zig Sam I Am : Bye Sam.....IMO you are also good for a chat room.....but I am in the tiny minority......LOL