Zig’s Place Chatroom News Tuesday PM 9-7-21

Zig’s Place Chatroom News Tuesday PM 9-7-21

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

Dave  Zig i have told you many times the auction are a BALANCE between dinar and dollar......1:1.....??

Sheila   Article: YouTube censors video of Nobel Prize winner Dr. Satoshi Ōmura discussing ivermectin   He won the prize for his work that led to the development of ivermectin. By Tom Parker

https://reclaimthenet.org/youtube-censors-dr-satoshi-omura-ivermectin/

Dave   Seen that article too where almost 1% of people that get vaxed DIE?

Sheila   Dave So you're agreeing those platforms are Publishers and not Platforms for First Amendment Freedom of Speech?

Dave   Slander malfeasance lies makes it all OKAY.....?

Dave   We have rules fer our media to follow here

Zig   Dave : I think @Kap means a balance as far as total value goes so you can't arbitrarily "remove" any from circulation ....maybe @Kap will explain further.....

Dave   Zig doubt that

Zig   :Don't know:

Dave   Zig confused?

Zig   Always   :Tongue:

Dave   obviously...lol

Dave   CBI sells 4 billion usd/month.......IQD fer USD........1:1.......pretty balanced....agreed   LOL

Dave   sheila I am actually Ok with folks following the Guru stuff....affects nobody else other than themselves....this Covid crap i hear/read affects innocent people that actually get sick and possibly die........is another story fer me

Dave   just getting frustrated here having to wear a mask just to protect those who think otherwise

butterfly   Iraqi Dinar/US Dollar auction results for Wednesday 9-8-2021 executed today 9-7-2021

United States DollarThe results of the foreign currency sale window for Wednesday 9/8/2021 and executed today   Announcement No. (4482)   Sale date – Wednesday 9/8/2021 and executed today

the details    the amount  Total sale for the purposes of strengthening balances abroad (remittances, credits)

152,155,363   Total cash sale   43,280,000   total total sales   195,435,363  

Note that:  The selling price of the amounts transferred to bank accounts abroad is ( 1460 ) dinars per dollar.

The cash sale price is ( 1460 ) dinars per dollar.   cbi.iq/currency_auction/view/1098

Butterfly   https://nasnews.com/view.php?cat=69220 ............ All decisions witnessed by the cabinet session today, headed by Al-Kazemi    09.07.2021 - 18:43 .......

Baghdad – people   The Council of Ministers voted, during its thirty-fourth session, headed by Prime Minister Mustafa Al-Kazemi, on a number of issues, while issuing a package of decisions. ................ very long article

butterfly   https://www.shafaq.com/en/Iraq-News/130-international-Observers-will-participate-in-observing-the-Iraqi-elections .......... 130 international Observers will participate in observing the Iraqi elections

butterfly   https://www.shafaq.com/en/Kurdistan/Masoud-Barzani-discusses-with-Borrell-the-upcoming-Iraqi-parliamentary-elections ............ Masoud Barzani discusses with Borrell the upcoming Iraqi parliamentary elections

butterfly   https://ninanews.com/Website/News/Details?key=926038 .................

The Cabinet Secretariat is discussing with the World Bank an indicator to improve the business environment inside Iraq  

Tuesday 07, September 2021 22:38 ..... This came while presiding over the second periodic meeting of the Diwaniyah Order Committee (52 for the year 2021) concerned with following up reforms and addressing indicators for evaluating the business environment in Iraq that the World Bank mentioned in its annual report through improving the regulatory environment for the private sector and its workers, as one of the basic items in achieving economic growth Encouraging young people to engage in the local labor market and shift towards the private sector.

The representative of the World Bank indicated, according to a statement by the General Secretariat of the Council of Ministers, that the Bank is a key partner in supporting Iraq's aspirations; To improve the business environment and implement strategic plans and programs to achieve economic growth, in implementation of Iraq's commitment to the terms of the White Paper approved by the government earlier in this regard.

It is noteworthy that the Diwani Order Committee (52 for the year 2021) includes in its membership representatives of the relevant authorities from the Supreme Judicial Council and the state, and the ministries (Foreign Affairs, Trade, Higher Education and Scientific Research, as well as the Central Bank of Iraq).

Dave   butterfly I think i like that last sentence...

Butterfly   Dave What about the paragraph above it?

Dave   What would CBI do....to meet its aspirastions?

butterfly   Dave One can only guess.

Dave   Some house cleaning in order to have the Supreme Judicial Consul involved would be a good start?

butterfly   As usual for me, I see this as all talk talk talk as we have experienced before.

Dave   Well they did approve the Federal Supreme Court....that was something

butterfly   But.........how many years did that take

Dave   hmm.....ran out of fingers to count

Dave   Not CBI's Fault......those waiting fer political stability

Dave   and economic and social stability

butterfly   I was told years ago that the TBI has more power over the CBI and that is what we should watch.

Dave   Rubbish Central Banks Job

butterfly   TBI was mentioned in one of the articles, which one, I can't remember right now, but it was a long one.

Dave   If folks would only read the duties of Central Banks......Under the watchful WB and IMF

Dave  watchful eye

butterfly  As the IMF said...............2024 Iraq stability.......does not mean or relate to the dinar.

Dave   correct a few more years to seat a new Govt..........

butterfly   and then the corruption starts all over again.

Dave   With Maliki in the FRAY

butterfly   yup

butterfly   Just like spending trillions of dollars and training in Afghanistan and what do they do, drop their guns, take off their uniforms, walk away and let the criminals take over their country.

Dave   Realism vs Fantasy......not much hopium in the REALism

Dave   butterfly Taliban been plying fair so far......?

Dave   girls back in school

butterfly   Dave some good reports and some very bad reports.

Dave   UN NATO watching fer acts of terrorism or human rights violations......

NORV   sheila You like the BS the gurus have to say? LOL there is no factual basis for any of it and what they say can be disproved immediately because none of it is plausible. Such nonsense.

Dave   butterfly Just hate to see Taliban infiltrate Pakistan any more......they have big bombs

NORV   Zig The auctions are pretty simple. They are designed to maintain the exchange rate against the dollar and also provide dollars to pay for imports. To supply dollars for imports is easy, a vendor just goes to his bank and sells his dinars in his account to the bank for dollars.

Those dollars are then wired or given to the importer to pay for the goods. The auction side is more complicated. the dinar exchange rate is maintained by creating a balance of demand for the dinar (keeping the correct amount in circulation to balance the demand against the dollar.

When there is a shortage or excess, it creates a problem which effects the rate on the street. Therefore, the CBI works hard to provide one or the other currency as needed to maintain the value. We know this because daily we ready in the news the market rate as published.

Dave   Hard Currency Auctions........

Dave   Dinar fer future credit.........

NORV   That is why the guru talk of reducing the dinar is utter nonsense. They only state that because they have no answer for the amount of dinar in circulation.

NORV   And now we know since the beginning of the year and the reduction of the dinar from 1170 to 1460 the CBI has had to pump close to 40 trillion dinar additional into the market as the money supply has gone from around 42 trillion to close to 80 trillion. lol

Dave   LOL

NORV   just to maintain the market rate against the dollar.    and you think they can RV? lmbo

NORV   what a joke. Iraq will never RV ….  have a good day!

Dave   This News Flash........fer your own Discernment.........!

Dave  Norv totally disregards anything CBI has had to say...............no objection there?

Zig   NORV : Thanks @Kap For anyone who may not know @NORV is @Kaperoni a well-known and controversial figure in this community....

NORV   Dave Not true at all dave. You either just don't understand what they are saying or refusing to listen. The truth is, until Iraq builds a market economy/private sector, nothing is happening with the dinar. So we wait for the laws, and investment and determination from Iraq's to begin to mfg/export products.

NORV   If you read the news, almost daily Iraq is screaming they are open for business. They are signing contracts, companies are coming and laws are about to be passes. So far, much is talk but encouraging non the less.

NORV   passed

Zig   NORV : Yeah it seems like a lot of countries have interest in investing there....

NORV   The plan is pretty clear. Iraq would prefer not to LOP. They want to see themselves succeed economically instead. That is why the delete zeros is on hold. They are waiting to see if they can build the economy the IMF and world bank are pushing

NORV  if so, they can float and remove the excess dinar gradually allowing the dinar to rise over time.

NORV   if they fail and are oil dependent, they will LOP.

Zig   :Waiting: LOL

NORV   Iraq has announced yesterday the exchange rate will remain the same through 2022. Which means the CBI expects the reduction in rate to 1460 to continue to stimulate the private sector.

NORV   the CBI is pushing this economy forward with the reduced rate. and the white papers are the road map to create the economy. So we sit and watch and see if they succeed

NORV   Based on what we know. It appears we will not see anything happen with the dinar for at least a year or more. Most likely 2-5 years        And then hopefully by 2023-2025 Iraq will be a booming economy.

NORV   Which can only mean the dinar is going to be worth more.   :)

Zig   I suppose I can hold on until then....lol....hope you are wrong about how long....

NORV   In the short term..we better hope Kazemi wins the election.

Zig   Many people disagree with NORV in this community.....

NORV   they dont dissagree zig, they just want to keep lying to fool people.

butterfly   Hey Zig he has been 99% spot on as the articles have been saying.

Zig   butterfly : I know and I hate it....lol  I want the Gurus to be right!!!....lol   I wanna be rich overnight!!

butterfly   Zig if you and others would take the time to read the articles I post, which are not as much as they were, it tells ya what has been going on.

NORV   The good news is this was in print today...about the CBI

NORV   Executive Director Ahmed Al-Hashemi said in his speech during the meeting, "We look forward to strengthening cooperation and economic partnership between the two countries," noting that the Iraqi banking sector, under the supervision of the Central Bank, is making great strides in growth and services during the current period, if today there are more than 70 private banks spread in It implements international laws and instructions and provides services to most citizens, so there are currently more than 5 million active bank accounts.”

Zig   butterfly :Yeah Yeah Yeah

NORV   noting that the Iraqi banking sector, under the supervision of the Central Bank, is making great strides in growth and services during the current period,

NORV   https://economy-news.net/content.php?id=26228

butterfly   Let me just post this and then I will exit out of the conversation...............'WORDS MATTER"

NORV   so the reduction from 1170 to 1460 is stimulating the economy in Iraq

NORV   Thanks butterfly!

NORV   Zig well go to vegas!     the dinar is not a lotto ticket!

NORV   we can have a huge piza party in 2-5 years when the dinar floats lol  :Pizza:

Zig   NORV : :Tongue: Ah you're no fun....I'm gonna go listen to @Frankie LOL

NORV   :Arguing:

Dave   Man,,,,,Shabs and others have stated ...When political social and economic stability are ACHIEVED

xyz   Zig say @Kaperoni

xyz   Seeing @Kaperoni aka NORV calling it

NORV   Dave You take everything to literal.

Dave   WORDS not MATTER?

Dave   LOL

xyz   When y'all heading to Reno?

NORV   the definition of stability is open to interpretation. Iraq is following the guidance of the IMF and WB. Until they have a private sector and are exporting away from oil, nothing is happening.

Dave   xyz When CBI says its time........

NORV   Dave you have a narrow mind.

NORV   xyz nope just saying that is the goal

Dave   https://www.bing.com/videos/search?q=how+to+say+no+in+40+laguages&view=detail&mid=CA2EC2F49C1082093679CA2EC2F49C1082093679&FORM=VIRE

Dave   recollect that Kap?

NORV   Dave when did the CBI ever say RV? lmbo

Dave   NORV I do agree CBI aint close to none of their goals

NORV   but they do say float all the time

Dave   NORV Which one free float or managed float

Dave   CBI stated this........to FREE Float https://www.bing.com/videos/search?q=how+to+say+no+in+40+laguages&view=detail&mid=CA2EC2F49C1082093679CA2EC2F49C1082093679&FORM=VIRE

NORV   see ya

Dave   NORV Sorry that i take CBI too literally........

butterfly   https://ninanews.com/Website/News/Details?Key=926054 ..............

The first American comment on the interim government of Afghanistan: It includes two terrorist figures and its hands are stained with blood

Wednesday 08 September 2021 01:03 An official in the US Department of Defense, "Pentagon", expressed the United States' regret over the formation of the Taliban government, describing it as "comprising personalities classified as terrorist, and their hands are stained with American blood."

The US official, who preferred not to be named, said in a press statement: "The formation of the new Taliban government includes elements involved in carrying out and engineering suicide operations inside and outside Afghanistan."

He added, "The majority of government members are hard-liners and linked to terrorist organizations, led by the so-called Minister of Interior, Sirajuddin Haqqani."

The Taliban announced the formation of an interim Afghan government, headed by Mullah Hassan Akhund, one of the aides of the late founder of the movement, Mullah Omar, and Sirajuddin Haqqani, son of the founder of the Haqqani Network, which the United States classifies as a terrorist organization, and Minister of Interior.

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