IQD CALLS Early Monday 3-9-20

Patty   Jimmy Lee When the change occurs, what percentage are you withholding for taxes?

Jimmy Lee   Patty taxes 40 %....exchange rate 20%

xyz   Fifth Third opened fake accounts like Wells Fargo, government says https://www.foxbusiness.com/money/fifth-third-fake-accounts-wells-fargo

xyz   Wells Fargo board chair, who broke glass ceilings in banking, resigns under pressure https://www.wbtv.com/2020/03/09/wells-fargo-board-chair-who-broke-glass-ceilings-banking-resigns-under-pressure/

Jimmy Lee   Patty when i exchange ,iam only going to exchange one third of my dinar and hold the rest for later exchange

PM xyz   OKIE: HEY GUYS THERE ARE NOT MUCH I CAN SAY THAT I WANT TO OTHER THAN WE ARE IN AN EXTREMELY SHORT WINDOW—GET READLY——NOW!!!!!

Dave   xyz Ready willing,,,,and waiting!

Patty   Jimmy Lee Perfect! Exactly what I was thinking for withholding. But I really don't have reams of Dinar, nor of anything else. Hopefully enough to do some good. (A few days ago I went into our store, bought a $20.00 gift card and gave it later to a woman who was carrying a baby. It made me feel so good to do that. Figure if I'd gone to the casino the money would be gone anyway.

Matt   Patty Sometimes you have to refresh the page

Dave   Patty never paid more than 2-3% to exchange currency????

Dave   20 %....???

Jo   Dave https://www.youtube.com/watch?v=4O8oemjdqBs ODD TV

Dave   Jo actually watched that......LOL

Patty   Dave Our little local banks charges $35.00 for a currency exchange regardless of how many bills of that one currency you want to exchange....however, they take the bills and submit them to the fed reserve facility for verification and exchange.

Of course our little bank doesn't exchange Zim, maybe not Dong either. I really am not comfortable with leaving the currency with them - even though I have copies of everything - I don't think that would matter. No faith in my little bank.

Dave   Bank of America does verification of currencies

Dave   not all banks have those Dela Rue machines

Dave   Little banks ..........lots of added charges?

Dave   1-3% is the most i have yet to pay for any exchange

Patty   Dave At least be prepared for what you have to pay, unless you can negotiate.

Dave   Patty negotiate?

sandyf   @Sam I Am The plan is stability ... political stability, economic stability, exchange rate stability

Plans are of little use if they cannot be implemented. The Iraqis had decades of dictatorship and appear to be unable to cope with democracy. Fairly good chance that Maliki may return to the helm, after all he has the qualities that some may prefer.

sandyf   @Sam I Am Kaperoni Okay, I just checked and Egypt went off the peg 3 years ago ... that one slipped past me because I quit following this stuff

Yes, and the currency lost 50% of the value overnight, not really what people are looking for.

Patty   Dave I'll leave money in your bank for 3 months, but I don't want to pay to initiate the exchange, etc.

sandyf   @Kaperoni Sam I Am well at least as long as the currency auctions exist

The so called auctions are never going to go away, there are 30+ countries using this mechanism.

"A stable exchange rate is an important objective for central banks and can be used as a monetary policy instrument to stabilize price levels. The nature and structure of the Iraqi economy, with its undeveloped financial system, makes the foreign exchange rate an important monetary policy instrument to stabilize and control economic agents’ and individuals’ inflation expectations.

The Central Bank of Iraq (CBI hereafter) is working hard to monitor and stabilize the foreign exchange rate, as it is the main instrument in has to control money supply and achieve other targets where traditional monetary policy instruments are ineffective .

Since 2004 the CBI has intervened directly in the foreign exchange market using an auction window as an instrument in the open market. The auction window for selling foreign currency is the main formal channel to meet the demand for foreign currency."http://www.ekof.bg.ac.rs/wp-content/uploads/2014/04/554.pdf

Dave   Usually 2-3 days here

Kaperoni   sandyf no **** sandy. The auctions absolutely will go away once the CBI accepts IMF Article VIII. There will be little need once the dinar is traded globally. In fact, it is preferred. And once the dinar floats, the global financial system will trade the dinar and its value will be determined by market forces.

Kaperoni   sandyf There are 4-5 Middle East countries floating. Not all of them lost value, not to mention Egypt is not Iraq. The IMF wants countries to float and in will be a necessity if Iraq has success building a private sector market economy due to the pressure created on the financial system. It is absolutely necessary. Remember Iraq needs over 60 billion dollars just to rebuild infrastructure they do not have that kind of money.

Matt   Jeff is also saying March 17 or 20 something? 2020 https://www.iqdcalls.com/Dinar-Investor.html

Wilder   Matt rv?

Matt   Yes

Matt   I would not count on it but? never know???

Kaperoni   Patty It is unlikely that you will ever got to a bank to exchange dinar. At least initially. Most banks are very conservative by nature and that means staying clear of volatile countries. An certainly it wont be to exchange for some mythical overnight RVI/RI that will not happen. I would expect the dinar to become a currency more applicable to the foreign exchange market (Forex) and traded/sold among market makers or brokers. I would not look to run to a bank to exchange anytime soon. Just not feasible or possible with so much currency in circulation.

Matt   He / Jeff thinks the market will go to 20K... which is is headed down to?

Kaperoni   My guess is that we end up setting up some kind of brokerage account and managing the dinar like any other foreign currency.

Matt   Dow Feb 12 was 29,551.42 Today it closed at 23,851.02 - 5,700

https://www.iqdcalls.com/chat/