Zig’s Place Chat Room Discussion and News Thursday 12-31-20

Zig:  Welcome to zig's place, a chat room for dinar speculators and others....discuss any topic that you wish here.

Tebow   22% revaluation on their currency is not a guadual float by any means. That's one of the dumbest things I've read here. Deleting the 3 zeros is from the rate. The goal is to increase the value of the dinar. Removing the 3 zeros fron the physical currency does nothing for Iraq. They devalued 22% in an attempt to remove as many 3 zero notes as the can. I have heard somewhere that Iraq has already removed 70+ percent of the 3 zero notes from circulation. Just my opinion.

Zig  I like your opinion....lol....we shall see...waiting as usual....all we can do... :Waiting:

Zig  @LeLe emailed this to me https://open-fast.com/wow/ready.php#close a countdown to 2021

Xyz  For the fifth day in a row .. Central Iraqi sales are declining

Shafaq News / The Central Bank of Iraq sales of hard currency declined today, Thursday, for the fifth consecutive day this week, while it recorded a decline of more than 18%.

The Shafaq News Agency correspondent stated that the Central Bank of Iraq witnessed during its auction for the sale and purchase of foreign currencies today, a decrease in its sales by 18% to reach 11 million and 427 thousand and 660 dollars, which the bank covered at a basic exchange rate of 1460 dinars per dollar, compared to yesterday, Wednesday, when it reached Sales of 14 million and 54 thousand.

He added that the request was distributed by 11 million and 327 thousand and 660 dollars to strengthen the funds abroad in the form of transfers and appropriations, while the rest of the $100 thousand was distributed in the form of cash sale that was fully covered by the bank at an exchange rate of 1460 dinars per one dollar.

Our correspondent indicated that seven banks have fulfilled requests to enhance assets abroad, while one bank has met the cash requests.    LINK

xyz  Professor Dinard guru @Kaperoni claimed that it would take Iraq yrs for to reach 1-1 --- then 22% is daily gradual in other direction

xyz  In the document: The Security Council cancels the sanctions imposed on an Iraqi government bank 17 years ago - urgent

Baghdad Today – Baghdad  The Committee for Freezing Terrorist Funds of the Central Bank of Iraq announced the issuance of a Security Council / International Sanctions Committee decision to remove its sanctions against Rafidain Bank, which were issued during the era of the previous regime in 2003 https://baghdadtoday.news/news/141470/%D8%A8%D8%A7%D9%84%D9%88%D8%AB%D9%8A%D9%82%D8%A9-%D9%85%D8%AC%D9%84%D8%B3-%D8%A7%D9%84%D8%A3%D9%85%D9%86-%D9%8A%D9%84%D8%BA%D9%8A

xyz   Parliament announces the date to commence the first reading of the budget

Shafaq News / The Parliamentary Finance Committee announced, on Thursday, that the draft general budget bill for 2021 will be distributed to members of the House of Representatives, indicating that Parliament will read the first reading of the budget next week.

Committee member Jamal Cougar told Shafaq News, "After canceling the legislative holiday, parliament will resume its regular sessions next week to read a number of laws, most notably the General Budget Law."

He added that "the draft law arrived at the Parliamentary Finance Committee and was distributed to members of Parliament," stressing that "a number of notes have been recorded on the budget articles and paragraphs and will be discussed after the resumption of the sessions."

The First Deputy Speaker of Parliament, Hassan Karim Al-Kaabi, announced the day before yesterday, Tuesday, that the financial budget had been received by the parliament for review. LINK

Zig   12/31 video from Jeff AKA Dinar Investor...."RI Preparation...Withdraw Dinar...Inject USD" https://www.youtube.com/watch?v=R721gD96JEo&t=53s

Tebow  Zig so Iraq paying employees in dollars vice dinar. Hmmmm why they hanging onto dinars.

Zig  Tebow : I hope they are doing that to drastically reduce the amount of Dinar as Jeff said....of course it is just his opinion....I have invited Jeff to return to the chat....

Professor Dinard  Maybe they're introducing new currency series and well all be eating LOPsters soon lol

Zig Professor Dinard : Shoo Negative Nellie!!....Shoooooo!!!..... :Shoo: LOL

Sheila  Professor Dinard just heard revaluation very much on the table for this weekend. prez T did say there would be a big announcement on January 1, 2021. maybe this is it!!!

Professor Dinard  sheila he said it was a big announcement regarding iraq or just in general?

Sheila  Professor Dinard guess it was general. yet "big" might be in a revaluation or return to asset-backed currency?

Professor Dinard  sheila return to asset back currency would be pretty rad!

Sundog    I've been to most of the sites and some don't allow you to post so it's nice to be able to respond to comments. I will keep it clean and not hostile...lol

Zig sundog : Well that's no fun....LOL

sundog  Yay - finally - honesty works....lol

Sheila  Professor Dinard waiting patiently for January 6 up to January 20, 2021.

Tebow  Professor Dinard if they wanted to lop there would be no need to remove the currency from circulation. They could just come out with a new rate at anytime and lop to current currency and have people turn it in for the new. Seems they are going to alot of trouble if they plan to lop.

Sheila  Tebow NO LOP - revalue is the best!!!

Zig  Tebow : Makes sense...

Xyz   Zig WoW @Tebow is making sense? Oh dear lord the end is here

Sundog  Zig I do tend to voice my opinion and not to everyone's enjoyment. I'm rather logical..which is a contradiction to this investment...hahahaha

Zig  sundog : Speak your mind....just be yourself....No Mods in here....if you do something I do not like I will let you know.....

Sundog  Hopefully I won't hear from you - got removed from other sites not for being "BAD" to much political correctness. Wasn't allowed to say anything negative even when the news was negative..

Zig   xyz : Really???.....No!!!!

Sundog   xyz Well I might as well get this over with. I'm not a big fan of Kaps - especially since he said rates don't change overnight. Gee, I think that's just what happened last week. Now I've opened up a rash of comments about how Kaps right...

Zig  sundog : Wow @Tebow will love you.....lol

Tebow sundog yes you have your head on right

sundog  Zig Just letters on a screen - I don't scare that easy

Sundog   Tebow Thanks - I haven't heard that in years. Sarcasm is my strong suite...

Sundog  Zig I will - been in this over 10 years have run the gambit of sites and hoping this ride is over soon

Zig  sundog : Hope so...would be nice to finally profit from this....

sundog  I do believe we will - it's impossible not to for Iraq...The history of the country bears this out. and yes I do believe we will wake up one morning and all quit our jobs....

Tebow  sundog yes like you already and the way you think. Jobs......... what is that? LOL

sundog Tebow hopefully mine will be the job someone has been waiting to have..

Tebow  sundog yes

sundog  Tebow for the sake of humanity and the people in my circle - if it doesn't happen soon there may be some missing people....they drive me crazy...so RV for everyone's sake..

xyz  sundog RV in the other direction is upon us

sundog  xyz Absolutely....this is the time

Tebow sundog please don't use that word 'soon'. You'll find a few Krazy;s in here

xyz  sundog we are in the moment. Was tough for @Kaperoni to admit

Sheila  sundog January 1 thru January 15, 2021 is my next target window. patiently waiting.

sundog  Tebow I know ! I can't believe I used that word...It's become a part of my vocabulary

Zig  sundog : If you have been reading this chat you will know that @Kaperoni is here as @NORV

Tebow that word is bad juju in the dinar world

sundog  xyz Are you telling me that Kap admitted it??? Then the world is coming to an end for sure

sundog  Zig Like you couldn't figure that out by the name....lol

Zig LOL....True

Sundog  I wouldn't want to let loose on Kap right off the bat so I will be nice - everyone is entitled to their opinion - see - I can be nice..

Zig  sundog : Yeah sometimes the name-calling goes too far when @Kap is here....so try to control that.....lol

NORV   Who's the loser? Tebow is the loser! You think you know more than Saleh?????

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. 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,

NORV  and that Iraq is one of the most regular and distributed 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    LINK

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