IQDCalls Chat Monday Evening 8-19-19
IQDCalls Chat Monday Evening 8-19-19
Post From IQDCalls Chat Room
larrykn Iraq increases the domestic production of gas oil and gasoline
Economy news Baghdad The oil Ministry said in a statement that Iraq has increased domestic production of oil, gas and gasoline in 2019.
The current rate for producing gasoline 14.29 million litres per day up from 11.485 million litres on average in 2018.
Gas oil production has risen to 11.23 million litres per day of 7.84 million liters in 2018.
The statement said the increase stemmed largely from increased production of some Iraqi refineries rebuilt after being destroyed by the armed factions.
The statement said that Iraq uses most of the fuel that produces for domestic consumption.
http://economy-news.net/content.php?id=17476
Larrykn Al-Hakim in efforts to form 'shadow government'
https://www.thebaghdadpost.com/en/Story/43601/Al-Hakim-in-efforts-to-form-shadow-government
Portmagaland Good Morning all, been jamming out all morning to the Pixies, "Where is mind". Thought it was fitting for this roller coaster world called Dinarville and felt like sharing it, if you're into the Pixies. It was theme music to the show Leftovers on Showtime: https://m.youtube.com/watch?v=N3oCS85HvpY
Portmagaland I love the line, your head will collapse because there's nothing in it.
Portmagaland The song was in the movie the Fight Club, where he sets us all free by blowing up the credit database on all of us.
Dave Good Morning folks ....i like all the news articles regarding coinage today....
Dave "coins cost more to mint...." than notes.....
Dave they want their coins back....
Dave Parliamentary Finance Committee intends to raise the price of the dinar against the dollar and give it strength
Dave A member of the Parliamentary Finance Committee Abdul Hadi Saadawi said in a statement on Monday, August 19, 2019, that the Finance Committee will work to raise the price of the dinar against the dollar and give it strength among other currencies in the Arab world, or at least maintain the current exchange rate to have monetary power within Local market.
The Finance Committee in the House of Representatives revealed that there is a tendency to reintroduce the coin, which has been used for decades in the country, while members of the Committee proposed to pre-empt the coin minting process by “deleting zeros” from the current currencies to be valuable to the small cash categories.
Dave He added, that the use of metal categories and their descent for trading gives a notional value of the currency, noting that a number of neighboring countries exchange rates are very high against the dollar and yet we find that it has a coin in order to preserve the currency and not need to request more banknotes, especially those with small categories . He expressed surprise at the policy of the Central Bank, which does not favor the introduction of coins for circulation in the Iraqi market.
Dave For his part, a member of Parliamentary Finance Majid al-Waeli readiness of the Committee to prepare any legislation required by the Central Bank, which could benefit the economy and the Iraqi market, including the circulation of coins.
Al-Waeli told Al-Sabah that the committee respects the independence of the central bank and its monetary policy, stressing that the bank has technical autonomy by decision regardless of administrative affairs.
While member of the Committee Jamal Cougar, that all countries in the Middle East and the world have a coin, indicating that this type of currency gives strength to its economy.
Dave Cougar told Al-Sabah that he hoped that the concerned parties could strengthen the currency so that the small groups could have purchasing power in case of using coins. Committee member Ahmed al-Saffar said that the cost of the coin is more than paper, and that it is harder to carry on the citizen.
Al-Saffar told Al-Sabah that inflation in the economy prevents the minting of coins and makes them circulate among citizens, suggesting that there be a step to delete the zeros preceding the coinage process to be a value for small groups against.
Dave https://www.radionawa.com/all-detail.aspx?jimare=14065
Dave long art edited some...just like them discussing this.......increasing the purchasing power......
Dave a Value for small coinage,,,,,,
futuremoney Dave haven't heard that talk for a while..glad to hear it again
Young_SC Dave you should ask Kap his opinion about that article 😂
Young_SC One of the many things he forgets
Sparky ...fills, and Dinars.. ? Any talk of metal coins is very nice to see...
Dave Sparky note that they mentioned coins to have a value and not a burden
Dave cost of coins
Dave should have posted the entire art then
Sparky Dave ...and, historically, coins have been in very low denominations...tops out at 2 dinars I believe...
Dave Sparky delete 3 zeros then one is feft with pieces or fils
Dave left
Dave with value?
Dave Kap would disagree no doubt
Sparky Dave 1/000 of a Dinar...per fil
Dave huh?
Dave like to see a 1 dinar coin......
Sparky Dave one fil equates to one thousandths of a Dinar...
Sparky Dave yup, that would put me in Happy dance mode...
Dave Sparky yes according to Kap
Sparky Dave ...mi, according to CBI history of currency...
Dave Sparky CBI minted fils yrs ago never released
Sparky *no
Dave did not have Kurdish language on them.....8yrs ago os so
Sparky Dave waiting until necessary... maybe sooner than we think...
Dave Sparky hope so doubt it though
Dave Sparky CBI i belive may have pics of rthe coins
Sparky Dave yup, I do recall that...the new coins are all inclusive, hopefully...
Dave WITH VALUE!!!!!!!!
Sparky Dave ... I would think that they would be more than melt down value...
Dave no....
Dave each coin costs about twice that of paper to mint
Sparky Dave ...like to see it in the news...talk if coinage...good sign... along with talk of 140...
Dave calculated 1000 dinar coins to buy that coke would cost at least 60 bucks
Dave Sparky like that talk
Sparky Dave yes, agreed, they must have significant value to be prudent to circulate...
Dave tell that to Kap
Sparky Dave ... haven't seen coins over 2 dinars...
Dave Sparky okay 500 coins then
Sparky Dave but, what do I know... not much...
Dave the art suggested coins not to be a burden ergo no wheel barrows
Tebow Dave 19 Aug 19, 02:26 PMDave they want their coins back.... Whatcoins are those that they back?
Dave tell that to Kap
Sparky Dave 1 dinar coin, for a coke, at 1:1
Sparky Young_SC just agree with his logic...with the amount of IQD in circulation...but, again, what do I know... could come out 1:1 or higher...way past my pay grade...
Young_SC Sparky it was what Dave and myself had been telling you for the last month or so but you preferred false opinions
Young_SC CBI/IRAQ had always stated purchase of power
Young_SC For its citizens
Young_SC No float aswell
Sparky Young_SC ...half the stuff I read is either contradictory, and/or Arabish...
Dave CBI has said what that is contradictory?
Dave Kap contradicrts CBI
Dave yes govt blaims cbi and visa versa
Tebow Sparky you'll have to believe Kap knows the amount in circulation,he doesn't
Dave CBI remains autonomous
Sparky Tebow agree...key point well taken...
Dave Tebow Sparky figures the hard currency auctions are digital
Young_SC Tebow lol
Sparky Dave ... what about the new " overseer"...to combat CBI corruption...?
Dave as far as Govt concerned ...Immunity
Dave Sparky what CBI corruprtion
Tebow CBI has been buying dinars thru the addition for years, maybe one might consider that as removing from circulation
Tebow auction
Dave the Govt authorizes who can join the auction
Dave CBI does not regulate this
Sparky Dave ... I never said that... just that a LOT of currency changes hands.. must be loaded on camels...250,000,000 a day...20 buyers/sellers ... logistics boggle my mind...
Sparky Dave ..the CBI is now trying to enforce legitimate bank accounts...for traceability...
Dave so that makes cbi corrupt?
Young_SC Sparky dont you mean the corruption within the government
Young_SC CBI is not the Government
Sparky Tebow ...agree, ...but that will take a long time... trillions is a lot of Dinarz...
Dave Sparky Sparky Sparky
Tebow Sparky trillions? Says who
Dave AUCTIONS???????
Young_SC Dave i was just gonna say that
Sparky Young_SC ...you sure CBI governor isn't as corrupt as the PM that put him in ?
Young_SC Sparky man stop listening Kap 😂
Tebow LOL
Young_SC How does kap know about the actual amount in circulation???
Young_SC Trillions???
Sparky Young_SC ... question for you...how much IQD is in circulation ?
Young_SC Sparky i do not know sparky
Young_SC That is my point
Dave CBI sure has been ranking in 4 a month at least
Dave 4 trilliondinar
Tebow does one really think the CBI would tip it's hat and let people know their plans.
Dave Tebow Kap?
Tebow Kap? What
Sparky Tebow another excellent point...
Dave Tebow they obviously know how much they printed
Sparky Dave ...how are they going to support and sustain anything over what value they have now ?
Dave Sparky doubt they could now?
Dave still n ot much confidence in banking or foreign invesrtmenrt
Sparky Dave no... just want your thoughts...
Sparky Dave agree... foreign investment in Reconstruction is the key,... imo...
Dave REALLY SLOW ON RECONSTRUCTION
Dave think of all the people still out of work.....
Sparky Dave ... could "stage" at a higher level, but, must be able to sustain...or they will collapse...
Tebow Dave of course the CBI knows how much they printed, why wouldn't they
Dave Think of what Dubai has built out of nothing
Sparky Tebow ...yes, I agree the CBI will keep the real numbers under their hat... until this goes down...
Dave Tebow now if cbi is sitting on tons of dinar would that necessarily mean that they are out of circulation?
Tebow They also know how much they've taken out of circulation, Yes Sparky!
Sparky Dave ... another real good question...!
Tebow Dave Dave well if they revalue they don't have to cover the whole amount they have. Only what they need to support the Iraqi economy
Dave Sparky i say no
Dave Tebow pretty much
Sparky Dave agree...
Tebow Dave they know they're not getting ours unless they lop. They are not going to lop.
Dave currency is either in circulation or not
Sparky Tebow again, I agree...
Dave Tebow tell that to Sparky
Dave Again lol
Dave giving you the gears
Dave lol
Dave i like to keep this simple/or most reasonable
Dave baffle wirth b*?
Tebow Dave yes in circulation but at the CBI. If the revalue they don't have to cover all at the new rate. Only the amount they need to run the economy. The rest... Poof!
Sparky Dave ...it's all about how much Dinar CBI has to cover in country, then support and sustain that value...imo
Dave cover what?
Tebow Sparky yes
Sparky ... I also believe a higher currency valuation would be beneficial to Iraq, while sharing ports with Kuwait, for in coming Reconstruction materials...
Tebow Then, I can say, what does any of us know just like the gurus. LOL
Sparky Tebow ... exporting, lower currency exchange, importing... higher currency exchange rate...
Sparky ... must be able to support and sustain whatever rate they have...unless they choose to live in bubble they currently exist in
Dave Sparky they have the resources and more
Tebow until we something happen, we see nutting!
Tebow just words
Dave UAE did great with much less
Young_SC Dave indeed
Sparky Tebow ... lots of good word's lately...Kurds, Kuwait,...104 talk...dance party in Baghdad... haven't heard that before...
Dave Sparky could be all done in a day......called implementation.....direct from Federal Court
Sparky ... resilient young population...God bless them...and bring change to a country that has no place to go but forward...
Dave Sparky with no skills
Sparky Dave ...gotta start somewhere...
Portmagaland Sparky I hope they make like Prince and party likes it 1999
Sparky Dave ... average population age around 25 ?
Dave Sparky hear it young....
Dave decades of war.......
Sparky Portmagaland ... I know I will...when it pops... lol
Dave did not work out well for Prince....neve
Sparky Portmagaland y2k bro...
Dave never stopped partying?
Sparky Dave ...why stop ?
Portmagaland Dave Not holding my breath on Peace in Oregon. Mayor Wheeler sent the police to my house because my phone call to their office made the snowflakes melt. I wasn't home when 5 O showed up but I talked to him on the phone for like 30 minutes. The cop is a marine, so you can guess, how our conversation went. MAGA all day long 👍
Sparky ...rest, think of the next adventure, then execute...
Sparky* execute was not a "PC" word these days...
Portmagaland Sparky I never said executed, I think they took offense to me stating Portland belongs to the Untied States of America and that Mayor Wheeker's office is a domestic enemy and they can look in the mirror to see who is responsible for making Portland look like a third world ****hole.
Portmagaland Sparky with MMA they dont need to go underground to fight snymore.
Sparky Portmagaland ... just tax free...no publicity...
Sparky Portmagaland ...do have rules though...
Portmagaland Sparky They spent 2 million on Saturday's security. If Wheeler would let Antifa know, no more, the other groups would leave Portland alone. Perkins Coi, the law firm Hillary used to fund the Steele Dosier has a large footprint in Portland. I'm convinced if someone did some digging, they'd find a connection between Wheeler's office, Antifa and Perkins Coi. It's not coincidence Portland is the only city nationwide that has s monthly Antifa issue.
Sparky Portmagaland ...ie ,can tap out... and can't throw against defenseless...
Portmagaland Sparky I even told the cop that on the phone, he didnt object.
Portmagaland Sparky So, more deaths in the underground fight clubs
Sparky Portmagaland not to my knowledge...same thing as MMA... almost...never heard of anyone who didn't walk away...
Sparky Portmagaland ... mostly service guys...
Sparky Portmagaland ... sounds like you need to lose Wheeler...
Sparky Portmagaland ...one of the best fighters I witnessed, fought off his back...
Dave Sparky Portmagaland confused....suggesting that the far right and left fight it out in the Octogon?
Sparky Dave ... politicians don't fight,...they pocket the money from both sides...they play golf together, and laugh about us...
Portmagaland Dave The far left wont go for the Octagon. They need to outnumber 10 to 1.
Portmagaland Sparky Ain't that the truth. You hit on the exact reason why Bush Jr. refers to Bill Clinton as a brother from another mother.
Portmagaland Sparky Do you think Trump is secretly golfing with these guys?
Sparky Portmagaland ...that is the " fight club "... administrators...
Dave Trump likes Golfing with Putin and Kim?
Sparky Portmagaland ...war, boom, bust... economic reality...
Dave his "BUDDIES"