Zig’s Place Chatroom News Thursday 9-30-21

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

Butterfly   An international institution is mortgaging the possibility of improving Iraq's credit rating with a high rate of economic growth and diversification of revenues

Thursday 30 September 2021 The credit rating agency (Standard & Poor's) confirmed the possibility of improving the credit rating of Iraq in the event of a high rate of economic growth in Iraq, and a diversification of the public financial revenues of the oil and non-oil state.  In its periodic report on the credit rating, the Agency (Standard & Poor's) praised the Iraqi economy's continuation of maintaining its credit rating as a result of the continuing economic reforms of the financial policy in Iraq.

The Ministry of Finance stated today, Thursday, that "the new classification reflects the continued maintenance of the level of foreign currency reserves that exceeds the service of the external public debt and the fulfillment of other external financial obligations, as a result of the rise in crude oil prices and their recovery in the third and fourth quarters of this year."

The agency also confirmed, according to its report, the possibility of improving Iraq’s credit rating in the event of a high rate of economic growth in Iraq, diversification of the state’s oil and non-oil public financial revenues, an increase in the per capita income share of national income, and the continuation of measures to reform the financial and economic policy as mentioned in the economic reform paper ( White Paper), which will enhance the financial and economic policy of the Iraqi government.

https://ninanews.com/Website/News/Details?key=930027

UNEEK  Millions of old phones, laptops, and smart gadgets could stop working later this week for a weird reason

UNEEK   The internet connectivity on older tech devices and smart gadgets could stop working on Thursday after a key digital certificate required to access websites safely expires.

UNEEK   This means several phones, computers, video game consoles, smart gadgets, and "Internet of Things" devices bought before 2017 that use the Let’s Encrypt digital certificate in question, and haven't updated their software since then, could face significant issues connecting to the internet.

UNEEK   read more here: https://news.yahoo.com/millions-old-phones-laptops-smart-210600565.html

UNEEK   The problem will primarily affect popular devices, such as iPhones running iOS 9 and below, Android phones running below the 2.3.6 software, Windows computers running software prior to XP SP3, Sony's PS3, and PS4 game consoles, and the Nintendo 3DS

Sheila   UNEEK That might include my laptop. It's over 10 years old.

UNEEK  sheila sorry - it could sure halt a lot of communications I hope you will be okay -- check and see if you can do any updates

Sheila   UNEEK will run those in few minutes

Butterfly  Because of US stocks, low oil prices in global markets

https://ninanews.com/Website/News/Details?key=929970

Thursday 30 September 2021 Oil prices fell today, Thursday, to continue their losses, after official figures showed an unexpected increase in stocks in the United States, despite the stability of prices.

Brent crude was down 28 cents at $78.36 a barrel by 05:37 GMT, after falling 0.6 percent on Wednesday. US oil fell 13 cents to $74.70 a barrel, after also falling 0.6% in the previous session.

The US Energy Information Administration said on Wednesday that US oil and fuel stocks increased last week.

Energy Information Administration data showed that crude stocks rose 4.6 million barrels in the week ending September 24 to 418.5 million.

The rise in stocks at the time returned in production in the United States to nearly the levels of before hitting Hurricane Ida about a month ago, and increased production to 11.1 million barrels per day last week. "

On the production level, is likely to maintain the Organization of countries The oil exporter and its allies, including Russia, the group known as OPEC +, will agree to an agreement next week to add 400,000 barrels per day to its production for the current month of November.

butterfly  https://www.shafaq.com/en/Economy/Foreign-currency-exchange-drops-Iraq-central-bank-says-7-5 Foreign currency exchange drops, Iraq’ central bank says 2021-09-30 07:27

Shafaq News / the Central Bank of Iraq announced on Thursday a decrease in the foreign currency exchange.

Shafaq News Agency correspondent said that the foreign currency auction of the Central Bank of Iraq recorded a 6.85% decrease to 204,218,319 dollars which the bank covered at an exchange rate of 1460 dinars per dollar.

He added that the sales operations were in the form of wire transfer and credits (171,818,319 dollars) and Cash (32,400,000 dollars).

In December 2020, Iraq’s central bank increased the sale price of U.S. dollars to banks and currency exchanges to 1,460 dinars, from 1,182 dinars, seeking to compensate for a decline in oil revenue due to low crude prices.

The central bank of Iraq said the key reason behind the dinar’s devaluation was to close the gap of widened 2021 budget inflation after a collapse in global oil prices, a major source of Iraq’s financial resources.

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?

butterfly   Just got the 60 votes to keep the government open until December 3.

butterfly   Dave I have a secret and I can't tell anyone.

Dave   butterfly willing to sign your NDA.....

Dave   The only Secret I am aware of are Victoria's

butterfly   Dave haha no NDA for me.

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.

UNEEK  These quotes are very thought provoking - I hand picked each one of them from a book of hundreds on riches and wealth - I hope you will take time to read them and allow their meaning to really soak in - The wisdom in these words may be priceless in the days to come

UNEEK   There is a burden of care in getting riches; fear in keeping them; temptation in using them; guilt is abusing them; sorrow in losing them; and a burden of account at last to be given concerning them. -- M Henry

The acquisition of wealth is a work of great labor; its possession a source of continual fear; it loss, of excessive grief. -- From the Latin

Agur said, "Give me neither poverty nor riches"; and this will ever be the prayer of the wise. Our incomes should be like our shoes: if too small, they will gall and pinch us, but if too large, they will cause us to stumble and to trip. But wealth, after all, is a relative thing, since he that has little, and wants less, is richer than he that has much, but wants more. True contentment depends not upon what we have; a tub was large enough for Diogenes, but a world was too little for Alexander. -- Colton

Our wealth is often a snare to ourselves, and always a temptation to others. -- Colton

Men pursue riches under the idea that their possession will set them at ease and above the world. But the law of association often makes those who begin by loving gold as a servant, finish by becoming its slaves; and independence without wealth is at least as common as wealth without independence. -- Colton

UNEEK   To have what we want is riches, but to be able to do without is power. -- G. Macdonald

There are two things needed in these days; first, for rich men to find out how poor men live; and second, for poor men to know how rich men work. -- E. Atkinson

 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