Zig’s Place Chat and News Friday AM 4-9-21
Zig’s Place Chat and News Friday AM 4-9-21
Zig: Welcome to zig's place, a chat room for dinar speculators and others....discuss any topic that you wish here
sandyf When the budget is ratified it will be published by the MOJ and will appear on their website. https://www.moj.gov.iq/iraqmag / The only official English version of a budget I have ever seen is from the Iraq Law Library and that usually takes some time.
The budget will be applied retrospectively to the 1st Jan, start of the financial year. The budget is a summary of income and expenditure and their is no exchange rate involved, the only exchange rate is the conversion of the budget from IQD to USD for interested parties such as the IMF.
butterfly Higuys and gals. You need to read what sandyf posted last night............it tells everyting you need to know about the dinar.....the process is very long just for the budget.
Dave butterfly.....no good new that i could find
Butterfly Here is what he posted: sandyf When the budget is ratified it will be published by the MOJ and will appear on their website. https://www.moj.gov.iq/iraqmag/ The only official English version of a budget I have ever seen is from the Iraq Law Library and that usually takes some time. The budget will be applied retrospectively to the 1st Jan, start of the financial year. The budget is a summary of income and expenditure and their is no exchange rate involved, the only exchange rate is the conversion of the budget from IQD to USD for interested parties such as the IMF.
Dave butterfly makes sense
Butterfly Key words in these few words: When the budget is ratified
Dave WHEN? lol
Butterfly it will be published by the MOJ and will appear on their website.
Sparky ... lots of work to do before IQD value increase is " ratified " ... imo ...
Butterfly This alone tells you every thing you need to know and what has been said over and over again and again.........it is up to the CBI: The budget is a summary of income and expenditure and their is no exchange rate involved,
Sparky EYEGUY ... they be still camel walking ... as it is good for the corrupt few in power ...
Butterfly So the news means nothing, only that Iraq is trying their damnedest to change the situation they have been in DECADES
Sparky butterfly ... and if the CBI doesn't do what the Maliki mafia tells ya, you'll be taking a dirt nap ...
butterfly I suggest again...............read, re-read and then re-read sandyf's post the made last night and I just posted again. IT EXPLAINS AND ANSWERS ALL OF YOUR QUESTIONS.
Dave Budget nodda to with CBI,,,,,,
butterfly Sparky My opinion, if enough stand up and go after Maliki, who will be eating sand.
Dave ok that
Sparky ... remembering Shabibbi ...Butterfly The CBI, in every country controls the money.
Dave Shabs...economic social and political stabitity
Dave we there yet...lol
butterfly Sparky yes but the news since he has been gone is turning around....finally! They are learning, some the hard way, but they are taking baby steps and I feel things will start changing for the good.....for the people/citizens of Iraq.
Dave 2 steps forward 1 step back
Sparky butterfly ... I greatly appreciate your insight and opinion ...
butterfly When you have lived under a dictatorship, it takes a very long time for them to realize, there is something better and we must let them know we are not going to stand for it any longer.
Sparky ... the news seems like a forever repeat though ...
butterfly If you have seen any of the Amish leaving their cult, it is mind blowing that they didn't even know there was an ocean they go and walk it.
butterfly they could go and see and walk in it with their bare feet.
Dave more detailed and concise in what they are going after currently
Sparky Dave ... agreed, news seems more positive as of late ... as usual, we wait ...
Dave Federal Supreme Court judges have been appointed finally
butterfly If you have been told over and over this is how things are, and then you see that you have been lied to all of your life, there is hope for those that have opened their eyes.
Dave Demonstrations working until CV hit
Sparky ... I wonder what the average age of an Iraqi is ... ?
Sparky ... twenty something ?
butterfly I have hope for the citizens of Iraq. Yes we all would LOVE to see a change to where we can make us very "rich" folks, but there is more to it then just the dollar value. Just my opinion because I think and feel different than most.
Dave its about Them not us
Sparky butterfly ... I honestly got into this for the $ ...
Dave Sparky check ebay.....i have made out very well
Sparky ... thought I was late getting in, at the time ... almost 10 years ago ...
butterfly Sparky didn't we all. BUT for me doing as much research as I have done and what they go through, is secondary for me.
Sparky butterfly ... interesting ... I kind of figured that ...
butterfly Sparky LOL am I that transparent?
Dave Sparky i paid under 700 bucks/mil ebay selling fer about 2 k
Sparky Dave ... you have already profited marginally ...
Sparky butterfly ... jmo ...
Dave Almost 300% ROI aint marginal
Sparky Dave ... I'm waitin' on 1000 % ROI ...
butterfly People need to move on with their lives because if and when it happens........everyone will know at the same time.......international news will cover it.
Dave that would be less than 1 cent to the dinar
Sparky butterfly ... yes, but we must have some fun as we wait ... with somewhat like minded speculators ... therefor, I thank Zig for this chatroom ... as it is ...
Dave butterfly Gurus have secret intel though
butterfly Dave I also have secret intel...........but I ain't a liar.
Dave lol
Sparky Dave ... is your calculator broken again ? ...
Dave where?
Sparky ... talking nominal value ... .00086 to .86 ...
Dave say 600 bucks 3 times to get ti 2000k on ebay
Sparky Dave ... chump change ...
Dave Sparky .less than 1/10 of a cent
Sparky ... the stock market would have produced more in the past decade ... if invested properly ...
Dave Sparky should have could have would have
Sparky Dave ... yes, a tenth of a cent, rising in value to 86 cents per dinar ...
Sparky ... ie. " Frank26 " ... lolol ...
Sparky ... inverse of 26 ... thereabouts ...
Sparky ... back in the day, if memory serves ...
Sparky ... $3.28 ...
Dave 1/10 of a cent to 1 cent 1000%
Sparky Dave ... check your decimal point ...
Sparky ... 1/10th times 10 equals 1 ...
Dave 1/10 to 2/10 ths not 100%
Sparky Dave ...yes ...
Dave times 10
Sparky ... equals one ...
Dave cent
Sparky ... yes ...
Dave times100 to get percentage
Sparky ... where I went to school, 1/10th times 10 equals one ...
Sparky ... maybe I'm not familiar with the new math ...
Dave to calulate % requires times 100
Sparky ... ten dimes equals a buck ... but, anywho, here's another good classic tune ... Bhttps://youtu.be/KQetemT1sWceatles ...
Sparky ... oops ... can't copy that one without permission ?
Sparky ... https://youtu.be/U_O1QKQCsGs ...
Sparky ... ok, there it be ... let it be ...
Dave 1/10 to 2/10 100% increase
Dave 10/10 ...1000 percent
Sparky Dave ... percentage is always a fraction of 1 ...
Sparky Dave ... No ! ...
Sparky ... 100 % ...
Sparky Dave ... you had better meet me before you cash in bro ...
Sparky ... I'll advise at 1% ...
Dave Cash in lol.....
Sparky Dave ... jk my friend ...
Dave hope not soon
Sparky ... trust me, my math is tight ...
Dave then from 1/10 of a cent to a penny is what?
Sparky Dave ... to answer your ? ... that would be 100 % ...
Dave https://www.youtube.com/watch?v=hNBgEirKxq8
Sparky ... sorry, my bad ... 1/10th to 10 times that would be 10/10ths ... or 1 ...
Dave 5/4 people cant do the math
Sparky ... .001 to .01 equals 100% increase ...
Dave from .001 to .002 is what then
Sparky ... .001 to 1.0 equals 1000 % increase ...
Sparky ... .2x ...
Sparky ... ie doubled ...
Dave going from one cent to 2 cents 100% increase?
Sparky Dave ... yes ...
Dave then to 3 cents from 1 cent?
Dave then 4...5 ..6..7....8 9 10
Sparky Dave ... 300 %, etc ...
Dave 3 cents from 1 cent then 300%
Dave bingo
Dave 1 cent to a dime 1000%
Sparky ... you must be right, as my head is starting to hurt ...
Sparky Dave ... yes
Dave Sparky gave tebow same lesson
Cian https://almasalah.com/ar/news/207644/هل-يتجه-العراق-الى-تعويم-العملة-المحلية-بالكامل
2021/04/09 10:15 Readings 337 Section: File and Analysis
Is Iraq Heading To Fully Float The Local Currency?
Baghdad / Obelisk: Iraq will be forced to float the entire local currency, if the devaluation of the Iraqi dinar against the dollar leads to results that lead to the deterioration of the economy and the inability of the state to cover the expenses.
The Central Bank has reduced the value of the Iraqi dinar against the dollar by 24% with the end of 2020.
The dollar exchange rate reached 1470 dinars to the public, and 1460 dinars for banks operating in the country, compared to 1182 dinars before the reduction.
The economist Osama Al-Tamimi believes, according to Al-Jazeera Net, that the flotation is supposed to lead to stimulating domestic production and reducing dependence on imports, but the corrupt will face this mechanism by raising the prices of local commodities.
He pointed out that it is difficult to move towards a comprehensive float, because of what it needs from the presence of a state that has the force of law, "and this is not available now.
He stressed that the devaluation enabled the government to overcome a major crisis that Iraq could face, through which it was able to provide salaries, manage state affairs, and limit money smuggled abroad, as the dinar achieved a weak economic margin for smugglers.
The floating policy is not of real benefit in the economy of Iraq, which is a rentier economy, which relies heavily on oil revenues, says the economist Manar Al-Obaidi.
Al-Obaidi points out that the full floating policy requires diversifying the economy to create a state of balance in supply and demand, but this is difficult in Iraq because there is only one player in this equation, which is the Central Bank of Iraq.
Cian In turn, industrial development and investment consultant Amer Al-Jawahiri ruled out a full float until 2022, because of its political and social repercussions that are difficult for the Iraqi economic and political reality to bear now.
Al-Jawahiri added that the full float will have negative repercussions on the purchasing power of the Iraqi consumer, especially the middle and poor groups. Obelisk follow-up - agencies
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