Zig’s Place Chatroom News Saturday PM 8-28-21

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

Butterfly   Well this is interesting: .......... Hundreds of Britons offer to host Afghan refugees after fall of Kabul….  Many have signed up with charities that connect refugees and asylum seekers with hosts around UK.......... https://www.theguardian.com/world/2021/aug/27/hundreds-of-britons-offer-to-host-afghan-refugees-after-fall-of-kabul

Zig   TWW : Hey it's been a long time since I posted your story....okay if I do?....or would you rather that I did not....you always catch some criticism and disbelief whenever I do....lol....

TWW   Zig Go for it

TWW   Zig It just might wake up many people with the meeting Kuwait, Iraq & many 'brotherly countries'

Zig   TWWlll EXPERIENCE:....... "I was learning to trade currencies in the 70's...I was working in Riyadh in 1989 for a developer, and Amed, my boss, was telling me of a 'rumor' that Kuwait was planning to 'adjust' their currency... Remember, Iraq was attacking Kuwait's oil wells... Well with the help of USA & international assistance, adjustments were about to take place... I never heard the RV by name, just an 'adjustment'...

Their currency at that time was .05... While there I bought quite a bit of their currency, quite a bit in Riyadh... I was back in Honolulu around March when my currency broker from the past called me at home, and mentioned that Kuwait's currency adjusted to a higher value, 3.47 USD...

I called my bank, Bank of Hawaii, and they confirmed... So I went with my bills and cashed them in... I had to show my passport with the date when I was in Egypt... it was my former boss in SA that called about their RI/adjustment then I went through his broker... It went from 0.05 to 3.47 USD... It was just an exchange, no tax.

There is more to the story but this should give you enough to share at this point... It did happen no matter what the so-called Gurus are telling you."

TWW   Give us a link so we can tell if this quote is fake or real: "Judy Note: On the morning of Fri. 27 Aug, a Bond Holder received this email: “Dignitaries from nearly every country around the world were now heading to Iraq for a currency revaluation celebration this weekend! Confirmation came this morning that we are getting the first funds access on the morning of Tues. 31 Aug. It looks like 31 Aug. 2021 will be the release of the first funds. It makes sense: 8/31/2021, with the digits added = 8+3+1+2+0+2+1=17.” LINK PLS JUDY

butterfly   TWW I have found throughout the years that there is never a link to what people post. I don't think there will be one for this opinion also.

Dave  Hope that Baghdad conference pans out better than the Kuwaiti one from last year....

butterfly  https://ninanews.com/Website/News/Details?key=924181 ............................ An economic expert to / NINA /: The Baghdad summit is a historic event to change the economic path and create an economic partnership to attract foreign investments

Saturday 28 August 2021 19:50 ........ The expert in economic affairs, Jamal Shaker, confirmed that Iraq's hosting of the Baghdad conference is a historic event to change the course of the political and economic process and create a national economic partnership to attract foreign investments.

And he said in a statement to the National Iraqi News Agency / NINA / today that Iraq's hosting of the Baghdad Summit Conference is a bold step for Al-Kazemi's government after the collapse of the world's economies due to the Corona pandemic to achieve gains and investments that will enter the country after the region witnessed security stability. Indicating that the Baghdad conference will restore Iraq to its normal position and reconstruction in various vital sectors.

He added that the Arab presence on the land of Iraq will open an economic and investment window to achieve joint cooperation in supporting investment opportunities for companies wishing to invest while creating youth energies to work according to the requirements of the next stage. Pointing out that the Iraqi government's understandings with the Arab world will give the Iraqi people a glimmer of hope towards a bright future

butterfly   Sorry for the 2 long tweets Zig but I feel they are important: IMF: Iraq’s share of special drawing rights amounted to more than two billion dollars   

2021-08-28 05:20    IMF - Iraqs share of special drawing rights amounted to more than two billion dollarsShafaq News/ The International Monetary Fund announced on Saturday that Iraq’s share of the IMF’s Special Drawing Rights amounted to more than $2 billion.

The International Monetary Fund announced that Special Drawing Rights (SDRs) were effective for all 190 members, equivalent to about $650 billion, on August 23, 2021.

The fund said in a report seen by Shafak News Agency; “Iraq’s share of the IMF’s Special Drawing Rights amounts to 1.594,700,000 billion units, equivalent to two billion and 264 million and 742 thousand dollars out of its financial share in the fund of 0.35%,” noting that “these financial allocations to Iraq came in accordance with its current shares in the Fund.” .

The fund indicated that “this allocation will benefit all members to address the long-term global need for reserves, build confidence, enhance the resilience and stability of the global economy, and will especially help the most vulnerable countries struggling to deal with the impact of the COVID-19 crisis.”

The International Monetary Fund, under its founding agreement, may distribute allocations from the Special Drawing Rights to member countries in proportion to their membership quotas, and this distribution allows each member country to obtain an international reserve asset without cost or conditions.   shafaq.com

Dave   ...another term fer Maliki..........?........White Paper to root out corruption....HMM???

Dave  oops....sorry that was political

Zig   "The Arab presence on the land of Iraq will open an economic and investment window to achieve joint cooperation in supporting investment opportunities for companies wishing to invest while creating youth energies to work according to the requirements of the next stage. Pointing out that the Iraqi government's understandings with the Arab world will give the Iraqi people a glimmer of hope towards a bright future".........That is what we hope to see as far as our investment goes as well... IMO

Zig   Dave : Maliki has 9 lives....must have "juicy" pictures hidden of some peeps there....LOL

butterfly  Zig agree, things are looking up for Iraq and if they are a stable country, then things will look good for us. As the IMF stated in an article I posted some months ago, they look for Iraq to be more stable in 2024.

butterfly   Maliki is a hold over of the mindset while Saddam had control.

Zig  He must have a fortune hidden away

Dave  Maliki a Multi Billioaire......

butterfly  This is the latest what I found about Iraq paying off Kuwait: https://www.aa.com.tr/en/middle-east/iraq-says-paid-50-bln-in-war-reparations-to-kuwait/2161854 ....................... Iraq says paid $50 bln in war reparations to Kuwait -Iraqi adviser says country’s dues to Kuwait amount to $2.5 billion

02.03.2021...... Iraq has so far paid $49.5 billion in war reparations to Kuwait, an Iraqi official said on Tuesday.

“Iraq’s dues now amount to only $2.5 billion,” Mazhar Salih, an adviser to the prime minister, told Al-Sabaah newspaper.

In 1991, the UN obliged Baghdad to pay $52.4 billion in compensation to individuals, companies, governmental organizations, and others who incurred losses resulting from the Iraqi invasion of Kuwait.

Salih said the Iraqi government is deducting 3% of oil revenues to pay the remaining compensation to Kuwait following the 1991 Iraqi invasion of its Gulf neighbor.

“The remaining war reparations are expected to be paid within a year or so,” he said.

In May 2020, Iraqi lawmaker Hanin Qaddo told Anadolu Agency that Baghdad had asked Kuwait to postpone the payment of $3.7 billion in war reparations to the Gulf state.

butterfly  I have not found anything stating they have paid the 2.5B yet.

Dave  did pay 500million a few mos ago

butterfly  Dave really? do you have a link?

Dave  posted it mos ago.....

butterfly  rats

butterfly I was staying away because of all the "crap" that was going on in here.

Zig  Dave : Well go and find it again!!.... :Waiting: Make it fast!!.....lol

Zig TWW...his experience making some dough with the Kuwaiti Dinar....Scroll up to read his story...:Yes:

butterfly  If you have a lot of time on your hands, you can read this about Iraq and Kuwait: https://www.un.org/en/sc/repertoire/89-92/Chapter%208/MIDDLE%20EAST/item%2022_Iraq-Kuwait_.pdf

Dave  Zig would but looking at buying a car......

Dave  Zig Kuwait killed their currency after Saddam invaded to prevent looting of funds and reintroduced after the threat was gone

Zig  And some people took advantage of that....like TWW

Dave   HOW?

Dave   Kuwait let Saddam take their cash and exchange it...,thought Kuwait changed their old currency to new to prevent this?

Dave  Saddam did steal plenty of bullion

Dave  so the story goes

Dave  Kap called that a RV fer Kuwait..........

Zig   Dave : So you doubt @TWW story I suppose

Dave   may have been a very narrow window....possibly???

butterfly   https://ninanews.com/Website/News/Details?Key=924249 ..........................

The Kuwaiti Crown Prince congratulates the Presidents of the Republic and the Ministers on the successful convening of the Baghdad / Expanded Conference    Sunday 29 August 2021 00:01

butterfly   https://ninanews.com/Website/News/Details?Key=924252 .....................

Al-Kazemi and Macron visit the shrine of the two Imams, peace be upon them   Sunday 29 August 2021 01:25

butterfly   https://www.dijlah.tv/index.php?page=article&id=290745 ........................... Electricity announces the creation of a center for renewable energy............................. Today, Saturday, the Ministry of Electricity announced the creation of a center for renewable energy, while confirming that the signing of an agreement with a Chinese company to establish plants to generate it through solar energy is an important achievement.

The official in charge of the affairs of the Ministry of Electricity, Adel Karim, said in a statement that "the ministry has created a center for renewable energies by collecting competencies in this center and is supervising its work."

He added, "Signing the agreement with Power China will show the public opinion and the international community that Iraq is serious towards benefiting from renewable energies, and that the Iraqi government's policy will provide energy to citizens in any form and anywhere within renewable energy."

The Ministry of Electricity had signed an agreement with the Chinese company to establish "2000 megawatts", and in the first phase, "750 megawatts" would be established in Samawah province, in the presence of Prime Minister Mustafa Al-Kazemi.

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