IQD CALLS CHAT Wednesday Night 8-28-19 Part 2 of 2
IQD CALLS CHAT Wednesday Night 8-28-19 Part 2 of 2
Dave Zig How long have you been around or bothered to pay any attention
Zig xyz : Think silently please.... :na;
xyz Zig working on my silly active brain
Zig Dave : 9 years.....pay attention off and on.....lol
Dave but i suppose some believe the earth is flat
Dave Zig you have been part of the convos with Kap and I
xyz I luv kap on a serious note. He is top 3 smartest gurus in dinarville
Dave xyz Benys a hoot......
Zig Okay....if Kap replies I will post it....or maybe he will return.....Later...
xyz Dave kap is definitely an intelligent dinarian that is a diehard on his theory which doesn't take into real world factors
Dave He has admitted to me that he does not read anything from CBI in yrs
xyz He is very smart but maybe ...
Zig He focuses mainly on the IMF.....
Dave in HALF tRUTHS yes
xyz Zig imf is a bureaucracy that misled on purpose
xyz Z thinking out loud
Dave omits the next paragraph from the exerpt
Dave the part after the However,............lol
xyz Z is ready to convert kap into reality
Dave someone ought to just cut the cord
xyz 8-28-2019 Intel Guru MarkZ We are hearing that we should have numbers at anytime within the next 2 days
Young_SC Dave lol
Young_SC Well there that explains everything
Young_SC If he pays no attention to the CBI that answers my questions
Young_SC Go figure
Tebow see I missed the Crapola session with the guru. The is not 40T in circulation he wants you to believe.
Dave Tebow or thats What Russia and Turkey did
Dave hyper inflation.....
Tebow Russia/Turkey different
Dave Tebow tell; that to Kap .....lol
Dave Kuwait.....covered it all with this guy
Young_SC Iraq is so rich that they csn cover no matter the amount in circulation
DaveYoung_SC almost 2 yrs of CBIs hard currency auctions.....taken in tons
Dave they recirculating it or just sitting on it
Dave they seem to prefer the USD ........lol
Tebow so this 'thinks he knows it all says they have 40T in circulation and they are going to float. On his calls he says maybe to a USD within a year. So now that still comes out to 40T dollars in circulation. Way to much for a country like Iraq. His floating turd still doesn't any sense!
Dave they may have minted that much
Dave recollect the probs with all the worn out ones
Dave i think cbi is sitting on tons of this stuff
Dave it after all belongs to them
Young_SC Tebow sparky thinks it makes sense 😂
Tebow doesn't mean it's still in circulation, also how much does the CBI hold of that. They done have to cover that at a new rate. Only need to cover value of what they current have.
Dave Young_SC sparky admittedly likes to float
Dave They could simply burn the old dinar once they put out the new ones
Dave theirs to burn........
Dave done....or all gone
Dave Where or Where can Sandyf be..........
Tebow Can't find the keys for his drive-by
Whitelions <so glad to see people in here having a good conversation abot the dinar
Young_SC Whitelions with many false narratives being implied from certain ones
Whitelions I know the funniest one is the lop how is that still alive lol
Young_SC Whitelions smile
Whitelions And the float my goodness the cbi said no float and if you think you can bypass that by adding the words (at this time)) then people get what tey follow
Whitelions In the end weall win well unless youwere foolish enough to give your dinar to a person to get a higher rate or payed in for a share in a bigger pot in tht case you lost it alll just put it up to greed yours and theirs but they win
Tebow 15 yrs and counting, bills still crisp as the day I got them
Dave Tebow never played monoply
sandyf @SKELFLA I went to school with them in the 80s in Sharjah during the Iran/Iraq war.
I was stationed at Sharjah during 1970. The currency at the time was the Qatar & Dubai Riyal and when I cleared my flat a few years back I found a couple of old notes. I got £800 from a dealer for notes that would have been worth less than 10p, not a bad return.
Interesting point you made about the transactions. I have been in this since 2004 and have not paid a great deal of attention to IQD movements in recent years.
Over the years the Iraqi government has come up with various reasons why the redenomination has not gone forward but one fairly significant problem has never been mentioned. Iraq is quite unique in respect of the percentage of its currency outside the country.
In the event of a redenomination the IQD would become an ISO historical code and no longer have an internationally recognised value and to proceed with a redenomination under these circumstances could have severe repercussions on Iraq.
If for some reason significant funds became available it may be seen as prudent option to create a redemption initiative for IQD outside of Iraq and remove that currency from circulation, removing a massive millstone from around the neck of Iraq. The knock on effect would be a significant rise in the value of the currency within Iraq.
It is very easy for Joe Public to get misled but as you suggest, financial institutions are a different ballgame, and one can only hope.
Tebow drive-by time
Tebow nice bedtime story
chattels If Frank26 were not a confirmed * before the following post then he is after reading the following. "Intel Guru Frank26 Iraq is not a lop. No. A lop is to add zeros to the exchange rate. Iraq is...constantly telling you they're lifting three zeros from their exchange rate...when someone says to you it's a lop ask them are they adding three zeros to the exchange rate or are they taking away? +
chattels sandyf Is the following an accurate quote from you ? " In a Redenomination the old currency IQD at 1190/USD would be replaced by a new currency, possibly IQR, at 1.190/USD, deleting 3 zeros. The monetary unit(Dinar) would be revalued from 1190/USD to 1.190/USD which would be an increase in the value of the Dinar against the dollar and lead to an increase in purchasing power."
chattels I posted yesterday about the early budget planning numbers., .................. " the preliminary estimate by the Finance Ministry is that the 2020 deficit will be an eye-popping 72 trillion IQD/$61 billion. That's almost a third of the country's entire GDP." https://twitter.com/UticaRisk/status/1166809127697506305
chattels " .........that's the starting point. It comes from the fact that parliament inflated last year's budget, demanding an end to "austerity," but then oil $ just kept falling. This is the main reason few large-scale projects are progressing: there is no money."
chattels ".........in case you are new to this, the reason there's no money is bc operational expenses for 2019 were set so high that they have absorbed all the income, despite strong oil export figures. MPs rip the govt for frozen projects but it was they who demanded a bigger budget last fall."
chattels " Iraq will not actually borrow near $61Bn next year for sure. But that figure is important b/c it shows the vast gap b/n what Iraqi politicos want to spend & the amount of money they have."
chattels" It is never too early to start worring about Iraq's 2020 budget crisis. It is coming sooner than you may think."
chattels " ............... a great many Iraqi MPs know next to nothing about fiscal policy in general or Iraq's specifics."
chattels Nothing is certain in Iraq, but it is certain what we will hear about Iraq from the Gurus in the next budget is that the new rate is in the budget. A tired false narrative.
chattels Abdul-Mahdi discusses plans to promote the Iraqi economy with the World Bank's regional director / expanded
Wednesday 28 August 21:28 https://ninanews.com/Website/News/Details?key=784235
chattels BAGHDAD / NINA / Prime Minister Adel Abdul Mahdi discussed with the World Bank's regional director for the Middle East Saroj Kumar the government's vision for the future of the Iraqi economy and its plans to promote non-oil producing sectors and diversify sources of income and ways of cooperation in this area.
chatte lsIraq is always talking about diversification and investment. Talk with little action.
chattels IRAQ IS A " TAKER " AND i AM AFRAID THEY WILL BE FOR SOME TIME A " DONEE NATION ".
chattels Rouhani calls on his country's highest authorities not to interfere in the affairs of his government
Wednesday 28 August 19:41 2019 https://ninanews.com/Website/News/Details?key=784211
chattels INTERESTING ARTICLE .https://www.iqdcalls.com/chat/
foxmulderchattels I just read that article interesting for sure . your thoughts ?
PMfoxmulderso goes Islamic Ideology ,theocracy true to form
chattels foxmulder Cracks in the wall ?
chattels Division in the ranks ?
Chattels The rise of secular government ?
chattels Bedtime for Bonzo here. Good night all.
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