More News, Rumors and Opinions Wednesday Afternoon 12-23-2020
Courtesy of Dinar Guru
Frank26 There are many layers to what's going on. Let's start pealing them back one at a time. First of all this is going to get rid of speculation...this is very powerful this devaluation. It deters. It puts off whales and sharks. The devaluation is a one time movement for a reason. The reason is monetary reform. Did you notice in the last 3 days that this has come out none of the articles are saying this is permanent - This is the exchange rate forever and ever. No...It's a monetary financial rate for another rate that is about to follow... [post 1 of 2....stay tuned]
Frank26 ...IMO they are over trying to collect the 3 zero [notes]...they are determined to bing in more zeros. You can't blame them. The more zeros they leave out there the more money they're going to lose...this is a defensive posture of the CBI to discourage the onslaught of investors buying their currency at a program rate. They would much rather sell it to everybody after they have changed the rate... [post 2 of 2]
TNT:
Cutebwoy: An unprecedented drop in central bank auction sales
12/23/2020
(Baghdad: Al Furat News) The Central Bank of Iraq’s dollar sales fell today, Wednesday, in an unprecedented way.
According to the bank’s daily bulletin on the currency auction, the total sale for the purposes of strengthening balances abroad {transfers, credits} amounted to 77 million 450 thousand and 994 dollars, and the cash sale amounted to only 200 thousand dollars.
As for the total sales, it was 77 million 650 thousand and 994 dollars.
The central bank’s sales in the currency auction yesterday were $ 113 million.
The Central Bank sells dollars for the sums transferred to bank accounts abroad at a price of {1460} dinars per dollar, and cash sales at {1460} dinars per dollar, in implementation of its recent decision to raise the exchange rate.
The central bank’s sales on Wednesday and yesterday reflect the statements of the Central Bank’s governor, Mustafa Ghaleb, who said earlier that the bank “will double the sale of the dollar to exchange companies,” indicating that “the abundance of the dollar will make it stable in the market.”
An unprecedented drop in central bank auction sales
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KTFA:
Samson: A treasure of 6 billion dollars discovered in Turkey
23rd December 2020
Turkish media announced the discovery of large quantities of gold in the country.
And Turkish News Agency "Anatolia" reported, in a tweet to her on "Twitter", that quantities of gold were discovered in Turkey, valued at $ 6 billion, at the current price.
According to the Turkish newspaper "Milliyet", the General Director of Agricultural Credit Cooperation in Turkey and Chairman of the Board of Directors of "Kroptis" announced the discovery of a huge gold resource of about 3.5 million ounces. According to Fakhreddin Bouiraz, head of the "gubretas" company, the discovered gold mine is ready for mining immediately.
The discovery comes at a time when the world is witnessing an increase in demand for the precious metal, which is a safe haven, in light of the emerging Corona virus crisis, which has hit the global economy.
In an interview with Anadolu Agency, the Director of Turkish Agricultural Credit Cooperatives and Chairman of the Board of Directors of “Gübretaş” Fakhreddin Bouiraz confirmed that the quantities of gold were discovered in a gold mine in Sogut district in Bilecik state (northwest).
Boiraz pointed out that the average density of gold per ton of soil in the world ranges between 2-3 percent, and the Sugat mine, the percentage of gold per tonne of soil reaches 8.6 percent, and in some regions the percentage rises to between 12-14 percent. "The exploration operations prove this, and this is an indication of the low costs of extracting gold from this mine," Bouiraz said.
Poyraz confirmed that the Turkish "Gobratash Mining" company will undertake the process of extracting gold from the mine, saying: "The value of the gold discovered today is estimated at 6 billion dollars, but its contribution to the economy will be much greater." He pointed out that they had drawn up a two-year plan, in order to start the contribution of this precious metal to the Turkish economy.
It should be noted that the "Koza Gold" company won in 2008 a tender for exploration in the mine, but its work was suspended due to its inability to fulfill its obligations. For mining”. LINK
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Samson: Efforts to pay premiums for companies in Kurdistan in dinars instead of dollars
23rd December, 2020
The head of the Kurdistan Investment Authority, Muhammad Shukri, announced, on Wednesday, that the authority is working with housing companies to receive their installments from citizens in dinars instead of dollars
In a press interview, Muhammad said, "The high price of the dollar against the Iraqi dinar will negatively affect the payment of installments by citizens who have bought apartments in installments from housing companies," noting that "housing companies have been approached in this regard
He added, "The Commission is currently working to find a mechanism to help citizens pay their premiums to companies in the Iraqi dinar currency instead of the dollar to alleviate the burdens of citizens in these circumstances," noting that "this process is scheduled to begin at the beginning of the new year LINK
ATPInfinity: "currently working to find a mechanism" TO STOP THE NEED FOR THE DOLLAR
"this process is scheduled to begin at the beginning of the new year
THE TIMING SEEMS MORE THAN CIRCUMSTANTIAL EVIDENCE...THE DOLLAR IS ON THE WAY OUT AS SOON AS SOME HAPPY NEW YEAR 2021, MECHANISM IS FOUND...CBI SOLD ONLY 200,000 DOLLARS, CASH AUCTION TODAY! AND THE HEAT IS ON.......IMO
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