Zig’s Place Chat Room Discussion and News Friday 8-14-20

Aug 15

Zig :Thanks Dinar Recaps for your continuing support! https://dinarrecaps.com/our-blog

Tebow RAREGOLDNUGGESTS.cOM - Apart from possessing one of the largest oil reserves in the world, Iraq is also considered to gain enormous recognition for the production of gold in the near future. With a faint history of gold mining in Iraq, the government of Iraq foresees a developing economy in the country with the recent discoveries of gold reserves found in the Western Desert, Kurdistan and in the Aldajh area of Iraq.

With such large quantities of gold found and with future prospects in gold mining, gold production value could someday rival the value of oil produced.

Zig Tebow : Interesting information

Kaperoni Tebow. barrels and other quantities must be converted to dollars. Here is the truth in dollars..

Kaperoni 02/22/2020 14:23 The number of readings 2488 Section : Iraq

Mazhar Saleh: Iraq is the ninth country in the world in buried natural resources, amounting to 16 trillion dollars

Baghdad / Al-Masala: The advisor to the prime minister for economic affairs, Dr. Mazhar Muhammad Salih, said in a press statement to "Al-Masala" that there are unforeseen obstacles that have stopped the national industry in general and the Iraqi extractive industry in particular since the beginning of the nineties of the last century, indicating that the UN Security Council resolutions Issued since August 1990, it was enacted due to the Iraqi invasion of Kuwait, to place the Iraqi factory under the threat of an international technological and commercial blockade.

Many of the extractive industry sites, in particular, were subjected to military operations in the 1991 Gulf War and afterwards, which made them lose the capabilities of work, development, investment and continuous production.

Saleh added in an interview with the "obelisk" that the extractive industry, especially the non-oil industry that deals with the production of raw materials and their export to global markets, was the first target in the project of war and international sieges and extensions subject to the application of Chapter Seven of the United Nations Charter, and it still sees from time to time.

A decision by one of the specialized United Nations committees that undertakes the partial or gradual lifting of the Iraqi factory, with lists sometimes issued, and removing it from the blacklist, especially for factories, some of which, for example, have ceased to exist in technology or have become non-existent.

Saleh explained that Iraq, which is the ninth country in the world in terms of natural resources buried underground, and those resources are estimated at 15-16 trillion dollars, whether in oil, phosphates, sulfur, silicon and other important ores, and that Iraq is one of the most regular and distributed

Timrocke WORLD Debt Jubilee. , K

Kaperoni countries in the world. Mineral and other resources are concentrated per square kilometer and nationwide.

He continued, saying that what we need today as the world's richest group in natural resources are two things, the first of which is distinguished cooperation with the international business environment and world markets, and the integration of Iraqi industry with global industry.

The other is the importance of national solidarity in organizing the management of the production of raw materials or the extractive industry other than oil, and the diversion of its revenues into programs that lead to the growth of physical capital formation and the accumulation of human capital and the immediate transformation from a semi-deficit economy to a productive surplus economy, and the birth of a major renaissance in economic development through Renewable financial leverage based on other extractive returns. Obelisk

Kaperoni so there you have it....

Kaperoni Mazhar Saleh: Iraq is the ninth country in the world in buried natural resources, amounting to 16 trillion dollars LINK

Kaperoni Now how the **** can they RV 42+ trillion dinar? They cant

Kaperoni Saleh explained that Iraq, which is the ninth country in the world in terms of natural resources buried underground, and those resources are estimated at 15-16 trillion dollars, whether in oil, phosphates, sulfur, silicon and other important ores

Tebow Kaperoni OK If you would have read, they do not know how much resources they have. You do not know how true the 42 T they have! They also to not have to cover the 42 T if the RV. They always say just because you keep repeating yourself doesn’t make you right

Tebow Kaperoni ' Iraq is the ninth country in the world in buried natural resources, amounting to 16 trillion dollars'. If it's buried, how do they know how much is really there. They don't!

Dave read that 42 billion dinar been out for years now....... same rhetoric for years no change

Dave 42 billion in circulation in Iraq for years now.....cbi's currency auctions fake news

Tebow Dave and they have a liquidity problem in Iraq.

Dave not with all those mattress stuffers.....

Dave apparently not coughing them up......

Dave with cbi having currency auctions......taking in 3 or4 billion a month for 9 months or more

Dave dinar for usd....

Dave Tebow old nonsense,,,,,,,,we have QANON now,,,,,

Dave ironicic - ironic what we once called rubbish has now gained traction since QANON

Dave but who is this QANON......?????

Tebow QAnon[a] (/kjuːəˈnɒn/) is a far-right conspiracy theory[7][8] detailing a supposed secret plot by an alleged "deep state" against U.S. President Donald Trump and his supporters.[9] The theory began with an October 2017 post on the anonymous imageboard 4chan by "Q", who was presumably an American individual initially,[10] but probably later became a group of people.[11][12] Q claimed to have access to classified information involving the Trump administration and its opponents in the United States

Dave Tebow ....and Trump follows that ideology?

Tebow good question

Spectra My observation on Kaperoni is ...WHO CARES....live and let live..He is entitled to his opinions ..That does mean you have to believe what he does....Lot's of really imature talk going on here...

Kaperoni Spectra These are not my opinions they are the facts. Iraq know what it is worth just like every other country knows what they are worth. The CBI knows how much currency is in circulation, it is validated and supported by independent accounting firms. They could never significantly RV the dinar. No chance of a overnight RV and better to know now than waiting for nothing. If you want your dinar, be prepared for a LOP or to sit for years and wait for incremental increases as Iraq prospers.

Kaperoni Hey what the date of this article? Sticky: Mazhar Saleh: Iraq is the ninth country in the world in buried natural resources, amounting to 16 trillion dollars

Kaperoni Moderator Posts: 58582

Mazhar Saleh: Iraq is the ninth country in the world in buried natural resources, amounting to 16 trillion dollars

02/22/2020 14:23 Baghdad / Al-Masala: The advisor to the prime minister for economic affairs, Dr. Mazhar Muhammad Salih, said in a press statement to "Al-Masala" that there are unforeseen obstacles that have stopped the national industry in general and the Iraqi extractive industry in particular since the beginning of the nineties of the last century, indicating that the UN Security Council resolutions Issued since August 1990, it was enacted due to the Iraqi invasion of Kuwait, to place the Iraqi factory under the threat of an international technological and commercial blockade.

Saleh explained that Iraq, which is the ninth country in the world in terms of natural resources buried underground, and those resources are estimated at 15-16 trillion dollars, whether in oil, phosphates,

Kaperoni and you think the CBI is going to lie about money supply?

Tebow Kaperoni I can post a previous posting too - from the brookIngs - Over the past several months, news organizations and experts have regularly cited Department of Energy (DOE) Energy Information Administration (EIA) figures claiming that the territory of Iraq contains over 112 billion barrels (bbl) of proven reserves—oil that has been definitively discovered and is expected to be economically producible.

In addition, since Iraq is the least explored of the oil-rich countries, there have been numerous claims of huge undiscovered reserves there as well—oil thought to exist, and expected to become economically recoverable—to the tune of hundreds of billions of barrels.

The respected Petroleum Economist Magazine estimates that there may be as many as 200 bbl of oil in Iraq; the Federation of American Scientists estimates 215 bbl; a study by the Council on Foreign Relations and the James A. Baker III Institute at Rice University claimed that Iraq has 220 bbl of undiscovered oil; and another study by the Center for Global Energy Studies and Petrolog & Associates offered an even more optimistic estimate of 300 bbl—a number that would give Iraq reserves greater even than those of Saudi Arabia.

In a Guardian interview before the war, Taha Hmud Moussa, Saddam’s deputy oil minister, said that all of Iraq’s oil reserves “will exceed 300bbl when all Iraq’s regions are explored

If true, this would mean that Iraq has roughly a quarter of all of the world’s oil. These assessments have been repeatedly cited in news articles, conferences, think tank briefings, congressional testimonies, and academic works because they raise the prospect that America’s energy security could significantly improve if Iraq were able to challenge Saudi Arabia’s position as the world’s preeminent oil producer.

Kaperoni Tebow there is nothing in ur article that provides the dollars. I provided the dollars...15-15 trillion

Dave Kaperoni why dismiss tebows post?

Kaperoni Dave volumn means nothing. nobody doubts the volumn. Its the value of that that matters

Kaperoni Saleh gave you the $$$$$$$$$$$$$ 15-16 trillion dollars

Dave Kaperoni do you also hear that they way underestimated thier oil reserves

Kaperoni Dave why would they? That report is all minerals including oil

Dave Kaperoni called current exploration......

Dave 4 x times that estatimate.....

Kaperoni Dave so you think they tell the world they have 14-15 trillion worth of minerals and are hiding 40 trillion? lmbo get real

Spectra https://youtu.be/1rXKM5B5Yw0 Daily dose of straight talk - With John B Wells - Episode 1366

Kaperoni https://www.youtube.com/watch?v=ghQ_Cwlx4Og

Sheila Live now: Charlie Ward https://www.youtube.com/watch?v=MaV1Et3Lbq4

Xyz A new development is a massive infiltration of ISIS forces from Syria into Iraq

http://www.alliraqnews.com/modules/news/article.php?storyid=98067

[Baghdad-Where] The Security Media Cell revealed, on Friday, the arrest of 31 people, all Syrians, who were going to cross into Iraq from Syria, while noting that they were found in possession of 140 boxes of TNT sticks.

The killing and arrest of a large infiltration group of ISIS coming from Syria to Iraq

, and the cell said in a statement received by Shafaq News Agency, “Through follow-up and scrutiny, and according to accurate pre-emptive intelligence, and after a tight ambush, the security forces managed within the second regiment section of the 66th Infantry Brigade of the Twentieth Division In the Iraqi army, yesterday night, Thursday, 31 people were monitored, all of them holding Syrian nationality, while crossing the border strip from the Raqqa area to Iraqi territory.

The cell added, "All of them were arrested and seized in their possession 344 bump torches and 140 boxes of TNT fingers, and they were handed over the crime documents to the competent authorities to complete their investigative papers and present them to the judiciary."

Xyz China warns its citizens after the discovery of Brazilian chicken wings contaminated with Corona http://translate.google.com/translate?hl=en&sl=ar&tl=en&u=http%3A%2F%2Fwww.alliraqnews.com%2Fmodules%2Fnews%2Farticle.php%3Fstoryid%3D98075&sandbox=1

xyz Source: A decision from the Finance Ministry to postpone the payment of salaries for the month of August

An informed source revealed, today, Friday, that the Ministry of Finance has stopped paying employees' salaries for the current month of August.

The source said, "The Ministry of Finance has stopped sending funding and financial allocation to all ministries and state institutions for the month of August to all banks for the purpose of distributing employees' salaries."

He pointed out that "the delay in paying salaries for the current month of August may be repeated, like its predecessors in the past months, and may be postponed until the end of this month."

Earlier, an informed source revealed that there is a tendency to pay the salaries of the employees of ministries in the country every 45 days.

The source said to (Baghdad Today), “All banks are awaiting the Ministry of Finance’s instruction to transfer funding for the purpose of disbursing salaries,” indicating that “the delay in the distribution of salaries is due to the presence of a trend for the disbursement to be every 45 days.” https://baghdadtoday.news/ar/news/128147/مصدر-قرار-من-المالية-يؤج

Zig :Thanks Dinar Recaps for your continuing support! https://dinarrecaps.com/our-blog

Kaperoni It doesn't take a great researcher, or a rocket scientist. It just takes someone with common sense to understand that Iraq was never going to RV its currency with excess of 42 trillion dinar. And with a country that has a net worth of only 14 15 trillion, that's almost three times it's entire worth. LOL it's a pipe dream and it's simply not going to happen. You can deny it, disparage me but it doesn't change the fact it's not going to happen.

Kaperoni If you are going to hang on to dinar you're going to have to be prepared for slow growth as stated in the IMF Article 4 Consultation with Iraq. This is the only way it could significantly appreciate in value which is based on the success of the private sector market economy.

John Frank has stated Kap Iraq printed 40ish trillion to increase the money supply around the world for Basel lll. In country they only have 5-8 billion dinar, money outside of Iraq is not internationally recognized.

John Frank has stated The dinar is a reserve / asset to the US Dollar, now I’m the process of becoming asset backed!

Zig John Frank has stated t : How do you know that only 5-8 billion Dinar are in Iraq?

John Frank has stated I researched it like everything else I study zig

Zig Okay

John Frank has stated Plus Donald Trump already came out saying we have US$35 million worth of Iraq’s money that means we have 40 trillion of their currency

Zig Billion

John Frank has stated yes billion, more proof majority of Iraq’s money is outside Iraq being used for BASEL lll.

Zig Well of course I hope that you are right.

John Frank has stated As I just proved you factly majority of the Iraq’s dinar is outside of the country and the CBI doesn’t give two ****s about that because it’s not internationally recognized and its outside the country.

John Frank has stated The CBI only cares about what’s physically in the country and that’s 5 to 8,000,000,000 Dinar

Kaperoni John Frank has stated t it was proven years ago in the trial of BH group that the US does not have that much dinar. And if you think the CBI is not responsible for money outside its bank. Never in a million years will the dinar significantly RV because it simply is not how monetary policy works. A counties currency is based on GPD and economic prosperity not some mythical whim. That is a fact only confirmed by the IMF themselves.

John Frank has stated Kap Iraq has printed trillions of Dinar for basil three compliance because right now the US dollar is in the process of becoming asset backed.

John Frank has stated Iraq only has 5 to 8,000,000,000 Dinar in country the rest of the Dinar outside of the country

John Frank has stated Iraq only has 5 to 8,000,000,000 Dinar in country the rest of the Dinar outside of the country of our

John Frank has stated mn

John Frank has stated Iraq Only has 5 to 8,000,000,000 Dinar in country the rest of the Dinar outside of the country is not even recognized. Trump recently announced that the US has $35 billion worth of Iraq’s currency. That’s for Basel lll

Kaperoni John Frank has stated t prove it - several documents state all the time that dinar in iraq exceeds 42 trillion. go read! There are at least 10 over the last year! go read up and come back Its called chunky money !

Kaperoni So we have (40) trillion outside the banking system, and these bonds are offered to citizens and institutions to reduce hoarding, and because of the lack of accurate statistics to determine what is hoarded and circulating with the public, so some economists believe that there is more than (75%) of the money supply In its broad concept (M2), which amounts to (92) trillion is outside the banking system,

John Frank has stated Kap I reckon only change the rate at the beginning of a new fiscal peruod. When is a Iraq’s fiscal year?

Kaperoni 40+ trillon dinar chunky being hoarded by iraqis! 92 trillion worldwide! ad you want a RV>? lmbo

Kaperoni https://economy-news.net/content.php?id=19378

John Frank has stated Kap if Kuwait / Iraq devalued in one night and Kuwait RIed in one night then why can’t Iraq RI in one night.?

Dinar Recaps 10 Reasons the Iraq Dinar Will Not LOP Kaperoni 11/22/2011

Just Da Truth (FROM KAPERONI; 10 REASONS THE IRAQ DINAR WILL NOT L.O.P !!!!!): OOM 11/22/11 https://www.theiqdteamconnection.com/pre--post-rv-information/category/lop

https://www.dinardaily.net/t11887-from-kaperoni-10-reasons-the-iraq-dinar-will-not-l-o-p

Kaperoni And to answer john frank..the difference is money supply. Your ignorance is based on the fact that you don't understand numbers and math it's not possible with such a huge money supply.

Dave Kaperoni yeah........stuck at 42 billion fer yrs dispite those currency auctions

Kaperoni xyz And I hope they dont LOP. But they are talking about it. Go float!

Dave Kaperoni have you for a moment ever researched CBI?

Kaperoni Dave Currency auctions are a balance between dinar and dollar to maintain the market rate.

Dave trade dinar fer usd.......

Kaperoni Dave I have been studying Iraq in the dinar since 2006. I've read more documentation, articles and reports than anyone else on the planet pertaining to the stupid investment to question my ability is moronic you want to insult me because you want to believe in your dream. But the facts don't allow for an RV

xyz Kaperoni we are here to make money ... we ought to be open to others opinion and disagree with name calling

Dave called....CURRENCY AUCTIONS.....

Dave Tebow I see Cbi had been taking in 3-4 billion usd in dinar fer usd for at least 8 months......That is alot of dinar.....

Kaperoni Frank is very confused...Here is the facts!

It is estimated that the volume of liquidity in Iraq by 47 trillion Iraqi dinars hoarding in homes about 70 percent of this amount, according to the indicators of specialized centers and financial experts, which indicates the size of the gap between the citizen and government and private banks. https://www.almuraqeb-aliraqi.org/2019/11/27/150231/

Dave Kaperoni not CBI.....

Kaperoni 47 trillion Iraqi dinars hoarding in homes about 70 percent of this amount

Kaperoni Al-Mashhadani continued: Foreign investor is also losing confidence in the banking sector because of the routine in the operations of deposit and withdrawal, so laws must be legislated, the most important of which is the law of guaranteeing deposits and loans and other things that contribute significantly to bring cash to the banking sector smoothly, noting that The cornerstone of this issue and its application is the real beginning to move liquidity in the right direction and transfer it to the banking sector, which will employ it in the service of the national economy.

Kaperoni They need laws for investment

Dave Kaperoni yeah.......private banking laws fer foreign investors passed yet?

Dave thought you said Iraq still cHapter7.....

Kaperoni Its all about facts. The truth hurts. Even frank about eho thought he knew was wrong. To much dinar in Iraq to RV. Nicholas2012

Kaperoni Facts tell the truth

Tebow Money Supply M0 in Iraq decreased to 79148 IQD Billion in May from 80004 IQD Billion in April of 2020. Trading Economics https://tradingeconomics.com/iraq/money-supply-m0. NOTE THAT IS IN IQD BILLION

Kaperoni Lol yea without zeros

Tebow Iraq Money Supply M0 is the most liquid measure of the money supply including coins and notes in circulation and other assets that are easily convertible into cash. Money Supply M0 and M1, are also known as narrow money.

Kaperoni 42 trillion dinar is only worth 40 $ billion. Lol.

Kaperoni The facts don't lie 77% of the dinar is chunky in Iraq with an excessive 40 trillion

Dave Zig could you please maybe ask Kap to answer my simply questions, he refuses to respond......apparently i am uneducated,dumb,a clown. I just need baby steps.....prior to delving into this BS EFFECT?

Sheila August 14, 2020 - Proposed California wealth tax would impact millionaires even if they move https://www.youtube.com/watch?v=QrEK5hgr3vY

Tebow xyz sheila once you move from a state and become a resident of another, the previous state can no longer tax you.

Sheila "Proposed" ...

xyz Tebow tricky with partial residence ... not 100% sure though

Tebow xyz no your no longer a resident of California and their tax no longer applys. They think they can pass laws but they could never enforce it!

Kaperoni Chunky monetary mass is capable of addressing economic problems

Wednesday, November 13, 2019 Baghdad / Hussein Thaghb Emphasizing the imperative of working towards transferring the cash mass in the home to the local labor market through the banking system, to contribute effectively in solving the economic problems and providing job opportunities that accommodate all young people, qualified technical expertise and others.

It is estimated that the volume of liquidity in Iraq by 47 trillion Iraqi dinars hoarding at home about 70 percent of this amount, according to the indicators of specialized centers and financial experts.

Haidar Kazem al-Baghdadi stressed the importance of localization of salaries and its importance in providing liquidity to the financial sector. Electronic payment and that salaries are paid through and kept in banks and the citizen depends on the electronic card, especially as the citizen interacted a lot in this joint, and here we can employ the operational budget in activating the capital cycle to serve the national economy, and that banks must "All attention to this aspect and all joints of electronic payment."

Restore confidence

He said that "the concentration of the chunky bloc to the banks requires serious work leading to the restoration of confidence between citizens and all banks, which require the first phase of a law guaranteeing funds, in addition to creating trust between state institutions and the private banking sector, which is an important step to strengthen the role of the private sector in the management of economic joints And enable it to play its true role in development. "

Database

He pointed to the importance of localization of salaries from now with private banks to be the beginning of electronic work and the establishment of a database moving to private banks to deal with the largest proportion of citizens, because of the slide big".

Kaperoni LINK

Kaperoni It is estimated that the volume of liquidity in Iraq by 47 trillion Iraqi dinars hoarding at home about 70 percent of this amount, according to the indicators of specialized centers and financial experts.

Kaperoni must be lots of lying economists in iraq

Kaperoni heres another https://www.almuraqeb-aliraqi.org/2019/11/27/150231/

xyz Kaperoni you MUST not be happy when saying NO RV ... you are hurting dinarians feelings ... be gentle

Kaperoni It is estimated that the volume of liquidity in Iraq by 47 trillion Iraqi dinars hoarding in homes about 70 percent of this amount, according to the indicators of specialized centers and financial experts, which indicates the size of the gap between the citizen and government and private banks.

Kaperoni Moving: Citizens have 35% of Iraq's money in their homes

10:55 - 30/11/2018 Information / Baghdad .. MP for the coalition moving Riaz Mohammad, Friday that citizens have in their homes, 35% of Iraq's money, noting that $ 312 billion went out of the country could have been exploited for the construction of 12 thousand schools and a thousand airports and railway hospital.

He said Mohammed in a statement / information /, that "Iraq has more than one million displaced people while he had sold oil to $ 754 billion and went them out of the country $ 312 billion, this was the last amount he can build more than 12 thousand schools and a thousand Railways and five airports and infrastructure hospital dealing with roads and bridges. "

He added that "Iraq had been spent on each project billion dollars was 312 completed a strategic project back to Iraq Petrlionat dinars, but the central bank and the behavior of banks has given a negative image for all."

And that "the Iraqi citizen has inside his home 40 trillion dinars, even if we have mature banks, these amounts turned into investment and revive the economy, and is therefore weak Asgell banking authorities, ie, more than 35% of the frozen money supply in homes, can not be economically invested." https://www.almaalomah.com/2018/11/30/368955/

xyz Kaperoni you ignored me again ... I ASK WHAT WILL BE THE FLOAT RATE AS A %

Kaperoni "the Iraqi citizen has inside his home 40 trillion dinars

Dave .......and CBI could just be sitting on it and not recirculating it

Kaperoni LINK

Tebow Kaperoni you cite an article from 2018, anything NEW!

Kaperoni Parliamentary Finance proposes a roadmap to end “chunky money” in homes

20:12 - 27/07/20200 Information / Baghdad Member of Parliamentary Finance Committee MP Jamal Cougar, on Sunday, presented a road map to end the file of hidden funds in homes.

Cougar said in an interview with the "information", that "a large percentage of Iraqis intend to hoard funds in homes and not deposit them in banks, whether financial or private for multiple reasons, stressing that compactness is a mistake and has great economic damage."

He added that "pushing the government to adopt electronic payment through a smart card for all the salaries of its employees and to make dealing with it as a unified framework through the disbursement of loans and depositing receipts for the money to the departments will pay the citizens to transfer their money to the electronic trading file in paying its expenses, whether for government departments or the private sector."

He pointed out that "the file of the hoarding of funds will end up due to the road map that he put forward, which is the most influential and approved in almost all countries of the world, especially those with developed economies, pointing to the proposal to raise the interest rate has an impact, but our society is Islamic by 90% and does not interact with interest profits."

Iraq suffers from a large proportion of the money siphoned in homes despite the presence of dozens of government and private banks due to lack of confidence in them. 25 p. Ended https://www.almaalomah.com/2020/07/27/487123/

Kaperoni Confusing monetary policy Saturday 27 June 2020 Yasser Al-Metwally The collapse of the exchange rate of the Lebanese pound led to the country entering countless problems, and the state lost its control due to the confusion of its strong monetary policy and what cannot be rebalanced.

I market this live experience that is before us now at a time when the country is under pressure to reduce the Iraqi dinar exchange rate against the dollar, which will contribute to an unprecedented inflation that loses the national currency its prestige, and here is an experience as I mentioned before and the economic logic confirms that the great and only affected by the policy of reducing the exchange rate are a segment The poor and middle income make up the largest proportion of society.

Let us call the correct and sound monetary policy of the Central Bank in maintaining the stability of the exchange rate and the stability of the market as a result of its success, and let us go to other solutions to bridge the budget deficit.

As for talking about supporting the national product, we all call and hope for that.

The answer we have is we who are interested in economic affairs, and there are no accurate statistics and we know well that local production is limited to some industries, as well as some agricultural crops and animal products, is not it?

Now, in order to preserve this product, its durability, and to encourage it, we need its support. How?

Not by lowering the exchange rate but rather by protecting it from imported products by banning them or imposing a customs tariff that limits their import, so we can support the local product, and encourage it and the atmosphere is appropriate now after calls to boycott the importer from all countries .. LINK

Kaperoni http://economy-news.net/content.php?id=19378

xyz @Kaperoni you ignored me again ... I ASK WHAT WILL BE THE FLOAT RATE AS A %

Kaperoni Topic: Dollar bonds .. a tool for financial liquidity

Economic researcher Ahmed Hathal 21/03/202 Ahmed Al-Hathal * Dollar bonds have been used on an international scale, which are somewhat similar to public debt bonds and their repayment is done in dollars. Egypt has put these bonds in (2018) at a value of (4) billion dollars in international markets for various periods (5-10-30) years,

And their interest rates are close to the foreign borrowing interest rates offered by the international financial institutions (5% -8%), which is expected to take an upward trend at that time, and economic researchers in Egypt confirmed that these bonds received increasing welcome and demand from investors,

if they received Investors came considering that the price of the Egyptian bond is higher than the price of the bond on the US dollar Ki, which is expected to rise in that period, but Egypt was able to offer its bonds before the price of bonds rose on the US dollar and benefited from the timing.

In general, the situation in Iraq is completely different, because Iraq has financial sources of foreign currency represented in dollars for rent, and this is what Egypt does not own, and that the Ministry of Finance is the owner of the dollar when selling any barrel of oil that will be transferred into its account, and it has obligations (government purchases) that are deducted in dollars. The rest of it is sold to the central bank in order to pay the finance in dinars, as the sales of the Ministry of Finance to the central bank in (2018) reached about (52) million dollars.

The Ministry of Finance can use the part of dollar oil revenue sources and benefit from local liquidity at the present time in exchange for selling part of the dollar to individuals and institutions instead of selling it to the central bank in the coming year, and the difference between the sale process will be with the term of payment in dollars, which is one year and is similar to treasury bills from As fo http://economy-news.net/content.php?id=19378

Kaperoni Emphasizing the imperative of working towards transferring the cash mass in the home to the local labor market through the banking system, to contribute effectively in solving the economic problems and providing job opportunities that accommodate all young people, qualified technical expertise and others.

xyz Newspaper: Israel strikes targets in Iraq to prevent the smuggling of advanced weapons to Iran's allies

The Jerusalem Post reported, Thursday, that Israel is launching operations to strike targets in Iraq and Syria to prevent “smuggling advanced weapons to Iran's allies” in the region, noting that the Israeli army destroyed a third of the Syrian air defenses in the years 2017-2020. http://www.sotaliraq.com/2020/08/14/صحيفة-إسرائيل-تضرب-أهدافاً-في-العراق-ل/

Dave CBI knows whats out there....down to each dinar........each having value........CBI has taken in tons of dinar.....could simply be sitting on it all....does not necessarily mean its been taken out of circulation/destroyed......

Kaperoni Dave no they haven't. they cant

Dave DINAR BEONGS TO CBI...!

Kaperoni Dave do you know how the auctions work? If you did, you would't say that

Dave belongs

Dave Kaperoni yeah take in Dinar fer USD!

Kaperoni The exchange rate in Iraq (market rate) is managed by a balance between dinar and dollars. You cannot reduce or remove one or the other without effecting the rate. So they cannot reduce the dinar with that system in place

Kaperoni https://business.lehigh.edu/sites/default/files/2019-08/gunter_iraqs_perfect_storm%20FPRI%20Jan2015.pdf

Kaperoni IRAQI CENTRAL BANK WILL NOT STOP AUCTION SALES OF FOREIGN CURRENCY: CBI

August 30, 2016 Iraq123 News On Monday, the Central Bank of Iraq issued a statement and defended its daily auction sales of foreign currency. A number of financial experts advised to stop foreign currency auction sales at CBI and criticized it as a door of corruption and loss of state funds. Iraqi Central Bank stressed that the foreign currency sales auction means to stabilize the Iraqi dinar exchange rate against the U.S dollar in Iraqi domestic markets.

CBI further added in the statement that the process of the auction sales of currency is a way to make certain stability of Iraqi dinar exchange rate in order to meet the requirements of Iraqi economy by providing foreign currency covering Iraqi imports of goods and services for Iraqi private sector.

Kaperoni Iraqi Central Bank stressed that the foreign currency sales auction means to stabilize the Iraqi dinar exchange rate against the U.S dollar in Iraqi domestic markets.

http://www.iraqidinar123.com/iraqi-central-bank-will-not-stop-auction-sales-of-foreign-currency-cbi/

Dave 2016

Kaperoni Dave so what it tells how it works

Dave daily auction all last year.....lol

Kaperoni https://www.researchgate.net/publication/331739765_Foreign_exchange_market_pressure_index_and_monetary_policy_in_Iraq

Kaperoni This paper’s aims are to adequately measure a foreign exchange market pressure index that can be used to discover pressures in the Iraqi foreign exchange market early on, and to examine the effect of monetary policy intervention in the Iraqi foreign exchange market. The modelling approach used is Autoregressive Distributed Lag (ARDL), with monthly time series data spanning 2013-2017.

The index used in this paper was able to identify different periods of pressure in the Iraqi foreign exchange market. In addition, the econometric analysis found that the traditional proxies for monetary policy intervention in the foreign exchange market, such as domestic credit and money multiplier, were ineffective in the case of Iraq.

The results show that the Central Bank of Iraq (CBI) relied extensively on foreign reserves to mitigate pressures in the foreign exchange market. Due to the nature of the Iraqi economy and where the main source of foreign currency is oil exports, the CBI adopted a fixed exchange rate regime to control inflationary expectations and stabilize the foreign exchange market.

Dave 2016,,,yeah corruption issues....

Kaperoni HomeReleases Auction of foreign currency in Iraq between corruption and the collapse of the dinar

Auction of foreign currency in Iraq between corruption and the collapse of the dinar

By Editor - November 21, 2016 - In Releases 1160

The changes that have occurred in the structure of the political system in Iraq after 2003 affected the structural composition of the economy clearly, especially the auction of currency, which has had a major share in this change. The views of economic figures are different in Iraq about the pros and cons of an auction of currency which is organized by the central bank since 2004, as they were split between supporter who see as an attempt to steal the Iraqi money and smuggle it abroad, and opponent to it stressing that it contributes to the stability of the dollar’s exchange rate against the dinar. https://rawabetcenter.com/en/?p=1288

Dave 2003-2004

Kaperoni The concept of foreign currency auction in Iraq .. Who benefits from wasting the currency?

The concept of foreign currency auction in Iraq .. Who benefits from wasting the currency?

5-4-2020 The concept of foreign currency auction in Iraq .. Who benefits from wasting the currency

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