Zig’s Place Chatroom News Friday 10-1-21
Zig’s Place Chatroom News Friday 10-1-21
Zig: Welcome to zig's place, a chat room for dinar speculators and others....discuss any topic that you wish here
Dave Iraq is preparing to formulate agreements with 3 countries to recover the looted funds
Dave 180-350 billion usd https://aynaliraqnews.com/index.php?aa=news&id22=152261
Dave wow that be.....almost 500 trillion IQD........
Dave NORV think that would aid in bolstering CBI's reserves or cover some that dinar you mention that is in circulation?
NORV Dave No country can afford a significant RV to $1 with 80 trillion dinar in circulation. That is just to much money. The US is not even that high at $28 trillion.
NORV And remember Iraq claims they are only worth 16 trillion including all oil and minerals in the ground.
NORV Any money Iraq recovers more than likely will be spent on infrastructure such as housing, roads, water plants, etc.
Dave NORV 5 million barrels/day at 80 bucks......400Million USD/day.... which would equal almost 583,966,880,000 Iraqi Dinars/day.......or about 17,5T IQD a month.........You suggest they have Juust that in its entirety? NORV ???????What you be talking about?
NORV Dave Dave stop asking me and read. $16 trillions net worth is in dollars not dinar!
30 Sep 21, 09:56 PM NORV LINK
butterfly https://ninanews.com/Website/News/Details?key=930172 Issuance of (construction) bonds tradable in the stock market
Friday 01 October 2021 The Ministry of Finance, in cooperation with the Central Bank of Iraq, announced the issuance of construction bonds tradable in the stock market, with the guarantee of the ministry.
And the Public Debt Department stated, in a press statement: “The categories of bonds offered for trading are:
1- A bond of five hundred thousand dinars with an annual interest of 6% for two years.
2- A bond of a class of (1,000,000) one million dinars with an interest of 7% for a term. 4 years.
1 Oct 21, 08:26 AM butterfly https://ninanews.com/Website/News/Details?key=930205
Finance: Borrowing powers are part of the general budget until the formation of the new government
Friday 01 October 2021 The Ministry of Finance said that the borrowing powers are part of the general budget law to address the transitional period until the formation of the new government.
The ministry indicated, in a press statement, to what was circulated on social media about the authorization of borrowing granted to the Minister of Finance in accordance with the recent decisions of the Council of Ministers, usually that the motive behind these false news is electoral propaganda only.
The ministry explained, "All the loans referred to in that decision were negotiated and approved months or even two years ago and are part of the budget approved by the House of Representatives, and the Minister of Finance has been authorized to make it valid during the transitional period between the elections and the new government only."
And she added, "The public has the right to know why the ministry was forced to borrow despite the recent rise in oil prices, and this is due to the fact that the government's current expenditures from salaries, retirement and social transfers amount to approximately 6 trillion Iraqi dinars per month, before other current expenditures and investment expenditures are added, and debt service at the local and international levels, and the fulfillment of arrears from previous obligations to the electricity and other sectors.
butterfly And the Ministry of Finance confirmed that "Iraq must abide by the decisions of the Organization of Petroleum Exporting Countries that obligate it to reduce its production of oil, and the dues of licensing contracts and compensation for the Kuwait war, which are deducted from export revenues, must be paid."
She explained, "The revenues that we get from oil exports per month amount to about 6.5 trillion Iraqi dinars at current prices, and it is completely wrong to claim that the ministry is borrowing without reason, because the government is obligated to borrow to meet budget goals and maintain credit rating stability in local and international markets."
The Ministry of Finance also indicated that it issues negotiable bonds to improve the work of the money market and provide safe and rewarding securities to investors and civil institutions, stressing its commitment to diversifying sources of funding and working insistently on reforming the tax and customs system after years of neglect.
butterfly https://www.shafaq.com/en/Economy/Oil-slips-as-OPEC-considers-boosting-output-in-tight-market Oil slips as OPEC+ considers boosting output in tight market 2021-10-01 02:51
Shafaq News/ Oil prices dropped on Friday on the prospect that the OPEC+ supplier alliance might step up a planned increase in output to ease supply concerns, with soaring gas prices spurring power producers to switch from gas to oil.
Brent crude futures fell 12 cents, or 0.2%, to $78.19 a barrel at 0638 GMT, but were still heading for a small rise on the week, marking a fourth straight week of gains.
U.S. West Texas Intermediate (WTI) crude futures slipped 15 cents to $74.88 a barrel, though the contract remained on track to post a sixth consecutive week of rises.
All eyes are now on a meeting of the Organization of the Petroleum Exporting Countries (OPEC) and allies led by Russia, together known as OPEC+, on Monday, where producers will discuss whether to go beyond their existing deal to boost production by 400,000 barrels per day (bpd) in November and December.
Four OPEC+ sources said adding more oil was being looked at as a scenario, without giving details on volumes or dates, against a backdrop of oil hovering near a three-year high and pressure from consumers for more supply.
"There is a chance they might further raise output given how high prices are," said Howie Lee, an economist at Singapore's OCBC bank.
"Last time we saw $80, supply was considerably more than where we are right now and I think the world could do with some extra barrels now given the global energy crunch."
Consultancy Energy Aspects expects OPEC+ to roll over its decision to raise output by 400,000 barrels per day each month between August and December. Brent would need to sustain above $80 to change that, analyst Virendra Chauhan said.
butterfly ANZ Research analysts said in a note: "The upcoming OPEC+ meeting on Monday will be crucial for oil price direction next week. A production increase beyond 400,000 bpd would see some short-term relief."
In the United States, the Biden administration's concern about high oil prices was on the agenda for a meeting between U.S. national security adviser Jake Sullivan and Saudi Crown Prince Mohammed bin Salman earlier this week, White House press secretary Jen Psaki said.
With natural gas prices soaring globally, power producers have been turning to fuel oil or diesel instead of gas, yanking oil prices higher. Generators in Pakistan, Bangladesh and the Middle East have already started switching fuels.
"This suggests that we should see strong oil demand in the coming months, which means a tighter-than-expected oil market through until the end of the year," ING commodity analysts said in a note. Source: Reuters
butterfly https://www.shafaq.com/en/Iraq-News/What-has-changed-after-two-years-of-the-October-Uprising What has changed after two years of the "October Uprising"? 2021-10-01 05:55
Shafaq News / Dozens of demonstrators commemorated the second anniversary of the “October Uprising” in Tahrir Square, the center of Baghdad.
Hundreds of thousands of citizens participated in these demonstrations, the majority of whom were young people, and their most prominent slogans were "We want a homeland,” "Sunnis and Shiites are we won’t sell our country,” and other slogans that denounced the interference of neighboring countries in Iraqi affairs.
During these demonstrations, which lasted for more than a year, more than 700 demonstrators were killed, in addition to the injury of about 27 thousand others.
The demands focused on reforms, and to put an end to corruption, quotas, and the failure at the political and administrative level.
The popular movement resulted in the overthrow of the government headed by Adel Abdul-Mahdi, and the adoption of a number of decisions, including conducting early elections under a new law.
But the demonstrators still see that their movement has not yielded all their demands, in addition they are concerned about the ability of the current government, or the one that will emerge from the elections to achieve a civil state in which a decent life prevails for all citizens.
Butterfly Doug_W going through my papers I just found out that I am not far behind you being involved with this crazy investment. I left it for quite sometime until that Ziggy wanted me to come back and post articles. With that being said, I have found throughout my absence Iraq has made some important steps to recover from OUR invasion into their country.
Doug_W slowly tho
butterfly Well i think some can't get over the dictatorship they lived in their entire life.
Doug_W agreed no decision making abilities
butterfly Maliki is a danger to Iraq and that other fella, can't think of his name right now, are trouble for Iraq to move on.
Doug_W he needs to be swinging Maliki I mean
butterfly He has taken/stolen a LOT from Iraq and for some reason they continue to think he is important.
butterfly Al-Sadr.....that is the other trouble maker.
Zig I remember the first few months...I listened to every call out there...believed them all....Every weekend I thought I would be a millionaire that following Monday....
butterfly People do not realize that any one that has information, direct information, are just blowing their own horn to collect what money they can from those that believe these liars.
Zig Now having written that, I do not want to discourage people...I still think we have a chance to profit from the Dinar some day....however, when that will be, or how big a profit we will make, is not known by ANYBODY....lots of "guesses" nothing more....
Zig @Dave: You got spanked again by @Kap
Dave Zig 80 Trillion iqd in circulation.....could not tell me fer certain if we dinarians hold a good chunk of that.......Kap mentions 1 buck....happy with a dime
Dave also mentions 16 Trillion in raw mineral assets........from assays over 30 yrs ago.......
Dave My Dinar came from Jordan..........would that mean its not in circulation coming from Jordan?
Dave ...but 17.5 Trillion/month would be almost 200Trillion a yr with oil going up.....
Dave seems digestible......
butterfly well lets see if it gets us to the point where we can sign Hallelujah.
Dave HMMMM........How long fer those politicians to actually seat a Govt?
butterfly October 10 is the election day...........nine days out.
Dave they have yet to figure thast out
Dave proxy/interim Govt best they have been able to do......
Dave Zig Kap must be quite the Guru.....calling fer a dollar...
butterfly TNT was saying in the teens. LOL
Dave Yippie!
butterfly A Con is a Con and will always be a Con.
Dave Happy even with a nickle.....
Dave would not complain at ALL in the teens........
Dave willing to eat some Crow to see that?
Dave i would!
Dave NORV You telling me CBI keeps a tally to where each note goes?
Dave butterfly Imagine if the COI got their hands on that 36o Billion USD.......convert that to Dinar......LOL
Dave 525,577,320,000,000 Iraqi Dinars...not sure how to pronounce that.........
Doug_W quadrillions
Dave NORV 80 Trillion IQD in circ.......RV at a dime.......800 Trillion,,,,,,,,,subtract that from that from 526 quadrillion.......Seems like chump change?
Dave thanx fer the translation Uncle Grumpy
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