IQD CALLS Early Saturday 2-8-20
IQD CALLS Early Saturday 2-8-20
chattels "The Prime Minister-designate will present his cabinet as a new cabinet to the House of Representatives before February 25th of this year, and it is likely that Parliament will approve it, for many reasons, the most important of which is the political situation in the country that cannot tolerate further procrastination and the delay in forming the government,
as well as the pressure of the religious authority and the Iraqi street, and political and security conditions." And economic in the country." https://ninanews.com/Website/News/Details?key=811499
chattels ............... the country .... cannot tolerate further procrastination and the delay in forming the government, as well as the pressure of the religious authority and the Iraqi street, economic, political and security conditions.......
chattels Relative stability of the dollar exchange rates in the local markets
Saturday 08, February 2020 Baghdad / Nina / Foreign currency markets in Baghdad today, Saturday, stabilized at the exchange rate of the US dollar against the Iraqi dinar.
The selling and buying prices of the dollar in banking companies came as follows:
The selling price of the dollar is 121 thousand and 500 dinars per hundred dollars.
The purchase price of the dollar is 120 thousand and 500 dinars per hundred dollars. https://ninanews.com/Website/News/Details?key=811512
chattels "a political bloc supporting the Prime Minister-designate Muhammad Allawi intends to withdraw its support for him because of Allawi meeting with a number of Iraqi demonstrators and activists," noting that "Allawi is moving quickly with a special team, the majority of whom are close to him,
and three Iraqi university professors, one of whom is a researcher at a study center British concerned with Middle East affairs, to hold meetings with a number of demonstrators and activists, who have been influencing the popular protests to reach peaceful solutions that satisfy everyone and fulfill the legitimate demands of the demonstrators. "
http://www.alliraqnews.com/modules/news/article.php?storyid=86612
chattels The source added that "some politicians are dissatisfied with Allawi's meetings with activists and demonstrators," pointing out that "this bloc's withdrawal of support for Allawi threatens his government not obtaining the confidence of the House of Representatives, especially with the presence of political opposition to it from multiple parties."
chattels Al-Sadr's military advisor vows to withdraw [the blue hats] from the demonstration grounds and apologizes to the attackers http://www.alliraqnews.com/modules/news/article.php?storyid=86609
chattels Wonder how far any apology will go with the eight anti-government demonstrators who were killed ?
Francis Albert What Kap doesn't see, is the forest for the trees. It is obvious to anyone paying attention to the news, and three reliable sources that I know of: ()..none of these by the way have ever predicted a date or a rate of any sort.
Francis Albert Back to the obvious, Iraq is going to take their currency international and take off the program rate instilled by the IMF, U.N. and God knows who else has their fingers in the money pile when a nation is invaded like Iraq was.
Francis Albert So, a hit from program rate to something like .86 popping on Forex overnight, (my prediction), is very possible and doable. Kap doesn't understand that Iraq doesn't have to pony up .86 for the alleged 40 Trillion Dinar "out there." He doesn't get that part.
Francis Albert And of course it will "float". All currencies are pegged to the dollar and go up and down as people buy them, go short them an go long. I think there's about....ready....5 Trillion Dollars a day wagered on currencies through FOREX ever DAY. So, it's an active little market.
Francis Albert And Kap is right. Who knows how long it will take for it to go up from the initial hit? I think a few months can get us to an "interesting" number. But, hey, .86 is pretty darn interesting, but I wouldn't sell at this price. That's my .86 worth today for what it is worth.
Zig Francis Albert : Interesting....Thanks......I will copy your posts and send them via email to Kaperoni.....hopefully he will drop by and reply.....
Zig @TWWlll: I clicked on the arrow to the right of your name and read your tweets.....you had nice things to say to Kaperoni....Yikes...... ;oh;
TWWIII Zig I have my moments as we all do..0how r u doin
Doug_W @Francis Albert AND of that supposed 40 T out there how much is being held by federal reserve banks as "account" money and payment will most certainly be "digital" at cash in not ALL paper in ur hand
Patty Zig And, XFL on ABC at 11:00 AM (my time) - Seattle Dragons (Jim Zorn is coach) vs. DC Defenders. Have to watch to find out what it's all about.
Francis Albert Doug, virtually all currencies are 95 to 100% digital today. So, it doesn't matter. When someone says there are 40 T Dinar out there...if that is true, it is mostly all digital. The Dollar is about 97% digital of the, (we believe), about 30 Trillion out there. Matters not.
Francis Albert To you point. Yes indeed. We have no idea of who is holding these 40 T Dinar, (if that number is real). It has been my opinion, that I've posted here, that Central Banks the World over most like hold the 40 T Dinar. And this is key. Why?
Francis Albert Because Central Banks are banks of issue. They create currencies on a computer. They literally delete "money" from their balance sheet every day. I conjecture that Dollar Inc. runs the show and they run all central banks, (sans Russia, China, Iran and N Korea), and Dollar Inc. is the war machine...
and if they want Iraqi's to be happy, solid and willingly allow U.S. to set up bases all across Iraq, (as what has happened), they want Dinar to go up, (what do they care?)...if the Iraqi's are happy and not demonstrating and love the U.S., Dollar inc's whole purpose of invasion in 2003 is manifested.
Patty Francis Albert wow. Thank you.
Francis Albert Thus: if the Central Banks destroying lots and lots of Dinar to make this whole thing benefit them..they just...poof...hit the delete key. Easy Peasy.
Francis Albert Remember, currencies have no real value, none of them. The Dollar is just the cleanest dirty shirt in the laundry right now.
Francis Albert My mentor is the late Andrew Gause. His two books, "The Secret World of Money" and "Uncle Sam cooks the books" are both easy reads, affordable and well worth ones time. Especially, especially now as many reading this may be getting a nice return on this Dinar investment.
And, without a real, true understanding of how the game is played on a macro level....will, have a difficult time growing the dollars and/or keeping them
Doug_W I agree totally bottom line Iraq can make monitary changes when ever they want I believe it is and has been a security issue holding them back
Francis Albert It feels that way to me also Doug. I "believe" (no proof or secret sources), that the CBI has been ready to do something significant. (not sure what this will be), but something, and as things cool down and the Iran's influence decreases...something will happen.
Wilder Francis Albert Doug_W I agree. I think maybe come out with a rate and increase or float up as their gdp allows. But not until as you say Doug with a set gov't and security issues are resolved.
Francis Albert Wilder, I don't think GDP has much affect. Once on FOREX, the buyers, (seeing potential) will drive the value up. GDP, IMO, won't change all that much short term, as their major export is Oil and oil has always and will always be sold in Dollars.
Francis Albert And they are cranking out about as much oil as they are allowed to today.
Patty Francis Albert Unless the current Iraqi govt. has some sort of an undisclosed Chinese deal where they will use the Yuan instead of the USD...However, I can't see - if all the reports are right - how China can do that even more so now with the coronalvirus closing ports, etc.
Francis Albert Well, the virus thing will pass Patty. Unknown if U.S. will "allow" Iraq to sell oil to China for Yuan. I will be surprised if they do.
Francis Albert There are no accidents:
Francis Albert 7th February, 2020 One of the most senior figures at the International Monetary Fund is stepping down in a move that will allow the Trump administration to influence who will take over as second-in-command at the financial watchdog.
Chattels Allawi's government will announce the end of next week Saturday 08, February 2020
The deputy of the alliance, Fadel Al-Fatlawi, said, "The alliance of Al-Fateh, with all its political components, informed Muhammad Allawi the freedom to choose his ministers without interference from his political forces. https://ninanews.com/Website/News/Details?key=811553
chattels "The Kurdish delegation who will meet Allawi during the coming days will discuss with him the preservation of the Ministry of Finance and not to leave it," noting that "the Kurdish forces are sticking to the Ministry of Finance and do not wish to abandon it within the Allawi government." http://www.alliraqnews.com/modules/news/article.php?storyid=86618
chattels Today, Saturday, the Al-Fateh coalition revealed that there are great pressures by the Kurdish parties and some Sunni parties on Prime Minister-designate Muhammad Allawi to obtain representation in his cabinet.
chattels Allawi confirms the implementation of two decisions taken during the era of the Abdul Mahdi government
Editing Date: 8/22/20 22:15 • http://www.alliraqnews.com/modules/news/article.php?storyid=86629
chattels "Allawi confirmed the implementation of the decisions of the China agreement and the evacuation of the American forces from Iraq during my meeting with him on Friday," Musawievi told a press statement.
chattels He pointed out that "the Prime Minister-designate confirmed that he is free to choose his government cabinet and has nothing to do with what is going on behind the scenes," declaring that "the cabinet formation will be completed within 10 days."
chattels "the cabinet formation will be completed within 10 days."
Kaperoni Francis Albert Francis Albert You should go back and read the documentation or articles on what is stated from the CBI and other sources. They have made it clear that Iraq is primarily a physical currency country. Yes, they are trying to impliment electronic money but with over 42 trillion in circulation (called chunky) because it is in country and in the homes of citizens (under mattresses, pillows etc.) it must be accounted for.
You cannot RV anywhere near a 1 to 1 rate with that much physical money in circulation as it would have to be accounted for. Heck, Iraq's total underground wealth is only 15-16 trillion dollars. You think they could afford 42 trillion? lol If they go to a 1 to 1 rate overnight it will be a LOP.
The only other solution is to build a market economy, diversify the resources and gradually raise the value over time. Then then can collect these notes are citizens deposit them in banks as well as reduce pressure created on the financial system as a result of significant foreign investment.