Zig’s Place Chat Room Discussion and News Tuesday 9-29-20
Dave Mulla Talal: More than 20 officials have been arrested on charges of financial and administrative corruption September 29, 2020 Walter https://www.ikhnews.com/index.php?page=article&id=227788
Dave not sure what that means, heard it before,,,,,but it seems timely with all that anti corruption banter as of late
Zig Dinar Perspective Conference Call Recording from 9/25
Zig For those of you who may be interested and have gone to https://www.theiqdteam.com/ to get your news in the past: Kimberly and Deb have been dealing with personal issues and have not posted since 6/29....they posted about that....I have been in touch with Kimberly who is Whitelions here...she has been busy with other things......
Butterfly https://tradingeconomics.com/iraq/currency
Butterfly They have mention of closing the Embassy in Iraq. That would be a sad day.
butterfly There is over 1M infected with the covid virus. Nothing is going to happen with anything this year and possibly not even next year. I don't know if you read that all Google employees are working from home and will until July of next year. All the companies I deal with, are working from their homes. I kinda like that because I don't have to wait on the phone anywhere near how I use to when they were working in their offices.
butterfly Violence mounts against Iraqi doctors as COVID cases spike https://www.reuters.com/article/us-health-coronavirus-iraq-healthcare/violence-mounts-against-iraqi-doctors-as-covid-cases-spike-idUSKCN26E1SR
Butterfly I got word that my Marine grandson in Hawaii shut it down for two weeks to stay in.
butterfly Just a few days to see if what has been reported/rumored until October 1.
Zig You are still able to register here though you can't enter unless I activate you...I may take a chance and do that from time to time for a non-referral....you'll know if I do so because I will post and tell you....depends on my mood....lol....it is a risk so I won't do it often but ya never know....lol
Zig Some of the people reading may wonder why this room is "Via Referral Only"....It is because there was some trouble here that I let go for too long..I wanted this to be an "open room" but it seems that always leads to problems from my experience...Keeping it this way makes it easy to stop any problems as access can be quickly denied....hopefully our members will refer others and if you recognize anyone here from elsewhere, contact them and ask to be referred....
Zig If your referral would rather just register on their own that would be fine....as long as you tell me via PM the name that he/she will be registering....I would have to give them access and would post when I do....Thanks....
Zig If you access this chat via https://my.cbox.ws/ZIGPLACE You can make the box much bigger by clicking this link ZIGPLACE - Cbox
Zig’s Place Chatroom News Friday Evening 3-8-24
butterfly Seck would know what the rate was, I believe it was 2.85 when they had the downfall of Saddam. Ask yourself, why would they not go back to that same rate, not 3+. It just does not make sense. IF they do go back to the rate, I truly believe it will be even lower then the 2.85.
Seck By the way the Iraqi dinar real rate was around a $1.80 before saddum then the rate was around 2.80 then after the first gulf war saddum hiked it up to $3:22
Seck butterfly lol
Sah Seck I knew it was not that high.
butterfly Seck there ya go giving the information I forgot years ago.
butterfly I remember it was a David you talked with.
Seck But the whole time of these rates was while a dictator was in power.
Seck butterfly yes David Braggs
Sah There had to be an original rate further back that the IMF claimed. Can't just state a rate for your country without going thru the steps makes an illegal rate. Has to be approved by the IMF, BIS, World Bank and UN first before approved. Otherwise it is an illegal rate. Can not be used Internationally.
Zig’s Place Chatroom News Friday Afternoon 3-8-24
Dave Wow!...FOREX IQD 3.12 BUCKs..... WE BE RICH......LOL
Zig Dave : LOL....Sheila told me that that is futures trading of the IQD.....never heard of that before
PM Dave FUTURES SELLING? 3.12 bucks....SOLD!!!
Dave Zig Sell you all mine fer a dime...
Zig Dave : I do not understand that platform futures trading that sheila has mentioned.....I would ignore those rates.....lol
Dave how aqbout a nickle?
Sparky Dave ... you and me both ...
Dave Sparky Should be ASKing shelia orTWW fer a nickle then?
Zig Dave : Kap thinks we could see a nickel in 6 months after the float starts.....lol
Dave LOL
Zig’s Place Chatroom Discussion Late Tuesday Evening 3-5-24
Sheila THOUGHT THIS MIGHT BE OF INTEREST FOR YOU TO CHECK OUT AND VERIFY: VIDEO: FOREXLIVE.COM -- ForexGirl comes into video about 1 hour into video --- WATCH THE ENTIRE CONVERSATION WITH ForexGirl and Frank26 -- https://www.youtube.com/live/L69tLJTL0ZU?si=0KK0_P9uTOxijeZ6 --- https://www.forexlive.com/LiveCharts USD/IQD CURRENTLY TRADING @ 2.80 - MARCH 5, 2023
Sheila gotta get off to work, later all
Zig Trading at $2.80?...that makes no sense but I will investigate further.. Nothing to corroborate that
butterfly Zig It would be all over the news. CNBC would stop and report.
Zig Yeah
Dave 2.80.....CBI fails to mention that?
Dave do enjoy reading about a lop....... :wheelbarrel: that would be how monetary policy werks.....,.lol just checked EU sanction map....IRAQ...UN's updates from yesterday https://sanctionsmap.eu/#/main
Zig’s Place Chat and News Wednesday Evening 9-13-23
NORV Article: The most important reasons for currency floating - the benefits and harms of currency floating
What is meant by currency float?
NORV Benefits of floating currency
There are several benefits to currency flotation, the most prominent of which are:
Is floating currency harmful?
Floating a currency is not necessarily completely harmful or beneficial, but rather depends on the economic and political conditions in the country in question.
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Zig’s Place Chat and News Monday Evening 9-11-23
Butterfly The dollar resurfaces with a UN call to amend “Brighton Woods”
It controls international transactions despite the difference in the size of economic power Published: 15:42-21 May 2023 AD ..... The Dollar Resurfaces With A UN Call To Amend “Brighton Woods”
It controls international transactions despite the difference in the size of economic power
Cairo: Sabry Najeh Published: 15:42-21 May 2023 AD - 02 Dhul-Qi’dah 1444 AH
International calls to reduce dependence on the dollar in trade exchange between countries have increased, in the wake of global unrest (most notably: Covid-19 and the Russian war), which raised the price of the US currency to record levels, which contributed to the scarcity of its presence in emerging markets, and created the need for an alternative. Some countries began In formulating his idea.
Zig’s Place Chat and News Friday Evening 9-8-23
Butterfly Be prepared to pay higher price for your gasoline: A recent report highlighted the control of the OPEC+ coalition over the oil market, after the decision to extend the Saudi voluntary reduction in production, as well as Russia extending the reduction of its supplies to global markets.
The report - a copy of which was obtained by the Specialized Energy Platform - explained that the cuts by the two countries are reviewed on a monthly basis to determine whether they will be deepened or reduced depending on market conditions. This policy flexibility allows Saudi Arabia to maintain control of the oil market, according to the report issued by the Swiss investment bank UBS.
Zig’s Place Chat and News Tuesday Evening 9-5-23
butterfly The President Of The Republic Confirms His Support For Efforts To Pass The Oil And Gas Law
Earth News / President Abdul Latif Rashid on Monday reiterated his support for all efforts to pass the oil and gas law in a way that preserves the rights of all Iraqis.
His office said in a statement to Earth News that “the President of the Republic visited the building of Sulaymaniyah Governorate, where he was receiving the Governor of Sulaymaniyah, Haval Abu Bakr, to discuss the service and administrative conditions in the city.”
Zig’s Place Chat and News Tuesday Morning 9-5-23
Sah Al-Sudani is preparing a "road map" on Kirkuk with important parties
Policy | Baghdad today – Baghdad, the leader of the Al-Fateh Alliance, Raad Al-Tamimi, confirmed that Prime Minister Muhammad Shia Al-Sudani will meet with "important" parties in Kirkuk Governorate in order to develop a "road map" after the recent events.
Al-Tamimi told "Baghdad Today" that "Saturday's events are unfortunate and almost got out of control had it not been for the rapid intervention of the federal government in taking a series of urgent decisions to contain the situation and prevent clashes that lead to more bloodshed," pointing out, "All A drop of blood is a loss for all Iraqi components in Kirkuk."
Zig’s Place Chat and News Monday Afternoon 9-4-23
Sah points of contention between Baghdad and Erbil may plague the new draft oil and gas law.. What are they?
Policy Alsumaria News – Politics economist Nabil Al-Marsoumi revealed 6 differences between the central government of Baghdad and the Kurdistan region that may plague the new draft oil law.
Al-Marsoumi said in a post followed by Al-Sumaria News, “The first difference: Article 5 of the new draft oil and gas law stipulates the following.
Zig’s Place Chat and News Sunday Evening 7-23-23
Sah Vietnam going all digital including banking and government and private sector offices.
Sah Vietnam’s digital economy to continue booming
Vietnam’s digital economy is projected to grow fastest in Southeast Asia, reaching 50 billion USD by 2025, a report said. VNA Friday, July 14, 2023 20:12
HCM City (VNS/VNA) – Vietnam’s digital economy is projected to grow fastest in Southeast Asia, reaching 50 billion USD by 2025, a report said. It would be aided mainly by growth in e-commerce, with platforms like Shopee and Lazada and top retailers like Co.opmart moving their businesses online, said a report of the HCM City People's Committee about e-commerce early this week.
Zig’s Place Chat and News Monday Late Night 7-17-23
Sah @NORV Good evening. Everything looks to be coming along nicely.
NORV what does that mean>
Sah The economy and the laws to be voted on in Parliament. The investment in changing salt water from ocean to be used for pumping oil instead of the water that is a shortage. Building more recovery systems for gas for electricity and becoming completely digital in there banking and bring Kurds on line. this should help for the foundation to build the economy on for Iraq..
Zig’s Place Chatroom News & Chatter Tuesday Afternoon 5-23-23
NORV So I have always stated with the success of Iraq's economy will come the increase of the dinar. Below is some interesting news...
NORV The Social Security Law includes many privileges for workers in the private sector
2023-05-18 | Many privileges are included in the Social Security Law, which was voted on by Parliament, while MPs called for the need to educate workers on the importance of registering on social security, as it will reduce the momentum on the public sector.
Zig’s Place Chatroom News Sunday Afternoon 3-19-23
Butterfly The Central Bank imposes the electronic platform on all banks and exchange companies (document)
Economy 2023-02-19 | 13:29 Today, Sunday, the Central Bank imposed the electronic platform on all banks and exchange companies, starting tomorrow.
The bank said, according to a document addressed to all licensed banks, all exchange companies, and all licensed foreign currency mediation companies, which Alsumaria News reviewed, that "it was necessary to adopt the electronic platform for the cash sale of foreign currency, as of Monday, corresponding to 2/20/2023."
Zig’s Place Chatroom News & Chatter Tuesday Evening 2-7-23
Butterfly According to sources that spoke to the official agency, the Central Bank put on the table of Prime Minister Muhammad al-Sudani a study through which he might succeed in reducing the dollar, which was also confirmed by the Sudanese advisor, Diaa al-Nasseri.
The Governor of the Central Bank, Ali Al-Alaq, announced that a second package will be issued in the middle of this month to control the exchange rate, while stressing that there are no internal or external restrictions on external transfers or cash sales of dollars.
Zig’s Place Chatroom Tuesday AM 3-9-24
NORV great article the other day..this is big news...
NORV Advisor to the Association of Banks: The Central Bank is following a consistent approach to achieving banking reform
NORV Economy News _ Baghdad
Advisor to the Association of Iraqi Private Banks, Samir Al-Nusairi, explained today, Wednesday, that the Central Bank is following a consistent approach to implementing its strategy for banking reform, with the cooperation and support of the Prime Minister and the government, as the management of the Central Bank of Iraq plans to gradually cancel the window for selling foreign currency during the year 2024, until it leaves it completely.
NORV "the management of the Central Bank of Iraq plans to gradually cancel the window for selling foreign currency during the year 2024, until it leaves it completely."