TNT, Frank26, Pimpy and more Saturday Morning 7-4-2020
TNT:
Tishwash: The Iranian riyal marks a new historic collapse in today's transactions on the black market
The Iranian riyal recorded a new historical collapse in today's transactions on the black market at 207,000 riyals per dollar.
The Iranian riyal scored the lowest level in the country's economic history, against the US dollar on the black market, despite the central bank pumping millions of dollars into the market.
Our correspondent in Tehran said that the dollar was traded on Saturday morning transactions at 207 thousand, while Thursday the end of last week was 189.5 thousand riyals, while the official price for it on the website of the Central Bank is 42 thousand riyals for the dollar.
There are several reasons for the recent decline of the Iranian currency, among them the shortage of foreign currency, due to the sharp decline in oil exports, and the suspension or decline of exports with neighboring countries, due to the partial closure of the borders due to the Corona virus, and the recent decision of the International Atomic Energy Agency also contributed to condemning Tehran's cooperation with the inspectors Internationals in the decline of the national currency.
Iranian President Hassan Rouhani and the governor of the central bank say that the recent instability in the currency market is temporary and transitory. link
KTFA:
Frank26: 7-3-20...HOW TO DO THE EXCHANGE....IN MY OPINION
This video is in Frank’s opinion
IMWright: Just because businessmen are meeting doesn’t create an light switch on this invest, logically thinking from them borrowing for three more months tell more about Iraq time frame...imo
Clare: WELL THEN I WOULD ASK YOU... IF YOU OWNED A BUSINESS AND WERE PLANNING A MAJOR CHANGE IN OPERATIONS ....WOULDN'T YOU MEET WITH YOUR PARTNERS, EMPLOYEES, ETC..... TO PREPARE & INSTRUCT THEM??? YES, I WOULD MEET WITH THEM, WHICH IS CLEARLY ONLY WHAT THEY ARE DOING ...WHY ARE THEY BORROWING FOR ONLY THREE MONTHS? EVERYONE WANTS THIS BUT LOGICAL THOUGHTS MUST MATCH REALITY!
Popeye7: Iraq needs instant liquidity to pay their people... They received the monies from those who expect action from an economic standpoint... The only way this country was granted a loan was because of what we have been waiting for... This money is basically to stave off bankrupting the country... But they must take action NOW in order to take care of the months beyond these next few months... In order for them to actually have companies from other nations come in to truly get the proverbial ball rolling, they have to raise the value of their currency... That is the deal! So things are looking quite bright, and lets just sit back, and observe this as it continues to roll out...
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Don961: Parliamentary Integrity: We have information about all Iraqi money smuggled abroad, in numbers and names!
Policy , 03/07/2020 12:00 Baghdad - Iraq today:
The Parliamentary Integrity Committee confirmed that it possesses complete information regarding the smuggled funds, pointing out that lists have been prepared to recover these funds from outside Iraq.
"The committee has a complete list of the smuggled funds, in which the names of the people and the funds are located outside Iraq," the committee's rapporteur, Abdul Amir al-Mayahi said, adding that "Iraq has a lot of money abroad, part of which is frozen and the other is in dishonest hands."
Al-Mayahi indicated that “the Corona pandemic prevented movement on those funds,” noting that “the Integrity Committee summoned the head of the money recovery department outside of Iraq to find out what before and after 2003 of the funds, and after the end of the pandemic, the file will be fully followed up.” LINK
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Courtesy of Dinar Guru
Breitling ...We're in a very very good spot...Our window just got bigger. The value of the dinar - they need to take care of the budget - just got bigger. They just told us that it will be within 3 months that they're going to completely redo this thing and have a plan to implement all this. We've learned a lot in the last month. Probably more than the entire time we've been watching. They're putting the value on the table. They are telling you they need $66 per barrel and they're telling you the oil prices are never going to get there for the next few years. They are telling you ...they are going to put this stuff together and implement it within 3 months...they need to be able to afford to be in international markets, protect their reserves and have value added to their currency. That's the only way...