Zig’s Place Chatroom News Tuesday Evening 11-2-21

Zig’s Place Chatroom News Tuesday Evening 11-2-21

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

butterfly  Iraq officially announces its accession to the Paris Agreement on Climate Change

Tuesday 02 November 2021 23:42 Iraq officially announced its accession to the Paris Agreement on Climate Change and deposited the instrument of accession.

The agreement aims to contain global warming and reduce the temperature of the planet to less than two degrees, and the announced goals will be reviewed after five years.

The agreement will enter into force in Iraq on the first of December 2021. https://ninanews.com/Website/News/Details?key=936817

butterfly   :Awesome: good for Iraq and the world.

butterfly   Here it is from a different outlet:

Iraq pays 490 million dollars in compensation to Kuwait

Tuesday 02 November 2021 21:44 Kuwait received 490 million dollars from Iraq, in compensation for damages resulting from the Iraqi invasion of Kuwait in 1990.

The Iraqi embassy in Kuwait stated in a statement: "Iraq paid the State of Kuwait on 26/10/2021 an amount (490) million dollars And he will pay the remaining amount of compensation in early 2022, estimated at about $629 million.

Baghdad has paid about $50 billion in compensation in the past three decades, with the compensation money coming from a tax levied on sales of Iraqi oil and its products.

The financial payments were stopped between 2014 and 2018 due to the security crisis in Iraq and the control of ISIS over large parts of the country. https://ninanews.com/Website/News/Details?key=936799

butterfly   Well don't take your dinar to Afghanistan LOL:

The Taliban government bans dealing in foreign currencies in Afghanistan

Tuesday 02 November 2021 22:16 The Taliban government decided today, Tuesday, to ban dealing in foreign currencies in Afghanistan and to take legal measures against those who violate that decision, considering that this is in the interest of the national economy.

"The Islamic Emirate has announced a complete ban on the use of foreign currencies in the country," according to a Taliban statement posted by its spokesman, Zabihullah Mujahid, on Twitter. "The economic situation and national interests in the country require that all Afghans use the Afghan currency in every transaction."

The statement added: "All citizens, shop owners, merchants, businessmen and the general public must conduct all transactions in the local currency from now on and strictly refrain from using foreign currencies, because the use of foreign currencies has a negative impact on the country's economy."

The movement affirmed that.    https://ninanews.com/Website/News/Details?key=936803

butterfly   Anyone know what currency they will be using? Have you seen their currency?

butterfly   Washington: Biden does not intend to end the military presence in the Middle East

Tuesday 02 November 2021 23:17 The US State Department confirmed that the administration of President Joe Biden does not intend to end the US military presence in the Middle East.

"I must stress against the background of a lot of misinformation in this regard recently, that our partnerships in the field of security will remain," said US Deputy Assistant Secretary of State for Middle East Affairs, Joey Hood, during a conference on security in the Middle East, today, Tuesday.

He continued, "Our permanent military presence in the region has been guaranteed for more than 70 years, and this basic reality will not change."

Hood noted: "The United States is adapting to changing conditions and threats in the region, and a not large number of American forces in the region are training partners."

The American diplomat affirmed the United States' commitment to ensuring freedom of trade and navigation in order not to allow any turmoil in the American and global economy. https://ninanews.com/Website/News/Details?key=936813

NORV   Dave having the new currency in circulation with the old for up to 10 years has nothing to do with your statement that other central banks would hold for 10 year and then redeem with CBI.

NORV   It would bankrupt the CBI and empty the reserves. nonsense.

NORV   have two currencies in circulation at the same time is common with a LOP to give citizens time to exchange them.

NORV   My hope is that they float it as the IMF stated and end the daily auctions trading the dinar internationally via the financial exchange which would allow the dinar to rise gradually over time as the economy grows (and inflation sets in). Doing so, they could reduce the dinar in circulation, introduce new smaller notes as needed. This would also counter the inflation from the growth of the economy. Time will tell if they succeed. But there will be no RV.

NORV  :Float: :Float: :Float:

Dave   https://dinaroutcast.forumotion.com/t8931-cbi-iraq-plans-to-issue-a-new-currency-in-50-dinars-after-deletion-of-zeros

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